Holy Trinity Wealdstone Annual Report and Financial Statements of the Parochial Church Council for the year ended 31 December 2024 Administrative Information Holy Trinity Wealdstone is situated in the middle of Wealdstone Town Centre. The parish is part of the Deanery of Harrow, the Archdeaconry of Willesden, and the Diocese of London. The correspondence address is: Holy Trinity Church, The Parish Office, IA Headstone Drive, Wealdstone, Harrow, Middlesex, HA3 5QX. The following served as members of the PCC of Holy Trinity Wealdstone from 01 January 2024 to 31 December 2024. (# indicates members of Standing Committee) Incumbent:
Reverend Simon Johnson (from 22 Jun 2022)
John Highcock
(from APCM 12 May 20241
Shyami Ransley
{from APCM 12 May 2024) Churchwarden5'. Representatives on the Deanery Synod: Alison Stowe (from APCM 23 Apr 2023) Elected Members..
Anne Russell
Yvonne Chisholm
Beverley Sterling Lynne Jones
Maurice Woodbridge
(Secretary) (from APCM 24 April 20221 (until APCM 23 April 2023} 3 years (from APCM 23 April 2023} 3 years (from APCM 12 May 2024) 3 years (from APCM 12 May 2024} 3 years Bankers: Co-operative Bank, PO Box 600, Delf House, Skelmersdale, WN8 6GF Architect: Clive England of Thomas Ford & Partners {until 5 April 20241 177 Kirkdale, Sydenham, London SE26 4QH Derek Taylor-mew FMAAT, 123 Park Lane, South Harrow, HA2 8NN. Independent Examiner.. Page l of 13
Structurei governance, and management The Parochial Church Council IPCCI is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is registered as Charity No 1132680 with the Charity Commission. The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and Stand for election to the PCC. At the beginning of each new PCC an introduction to the workings of the PCC is given to each member. Following the APCM in 2008 members are given annually an electronic or paper copy of the'Health and Safety, and 'Child Protection, procedures. Members are encouraged to go on training courses, such as those arranged by the Diocese and Deanery, and report back to the PCC. The PCC has a Standing Committee {SCI made up of Clergy, Bishops, Officers, Secretary, Treasurer and 2 other PCC members. Membership is indicated at # above. The Standing Committee has the power to transact the business of the PCC between its meetings, subject to any directions given by the PCC. The major risks to which the PCC is exposed, 35 identified by PCC members, have been reviewed and systems or procedures where appropriate have been established to manage those risks. Holy Trinity Wealdstone Reserves Policy Our current reserves policy as it stands IS to continue to hold £2,000 in our dep051t account which was the total remaining capital repayment on our stonework loans as of 31 December 2024. The significant reduction from previous years is entirely due to buildings related expenditure during 2023. The total in the deposit account at the end of 2024 was £30,630. Objectives and Activities The primary object of the PCC is the promotion of the Gospel of our Lord Jesus Christ according to the doctrine and practices of the Church of England. Furthermore, the PCC has the responsibility of co-operating with the Incumbent, in promoting in the ecclesiastical parish the whole mission of the chu rch pastora l. evangelistic, social, and ecumenical. Across 2024 we have continued to seek to embody our Mission Action Plan, which can be summarised as: 'Holy Trinity Wealdstone.. Meet with God,. Make Friends; Follow Jesus" in our common life. Achievements and performance The PCC met 10 time5 during 2024 to oversee the life and ministry of Holy Trinity Church within the parish of Wealdstone. New PCC mernbers were appointed in the APCM meeting on 12th May 2024: DM Lynne Jones & Maurice Woodbridge stood and were duly elected to the PCC. Each meeting opened and closed with prayer. The regular items on the agenda were Finance, Health and Safety, Safeguarding, Building maintenance, CCTV, Church Car Park Management, Outreach and 2 Earls Crescent. Challenges regarding the behaviour of the shops have been brought to the attention of the PCC at different stages throughout 2024 with some resolved and some ongoing. Anne Russell. PCC Secretary Page 2 of 13
Financial Review 31 December 2024 The Church ended the year with a surplus of £17,165. Income The membership of Holy Trinity and its friends have again been faithful in their giving both in regular gifts through the bank or in the collection and through not charging expenses, particularly with hospitality. There was a one-off donation of £2,500 which helped the total exceed the budget for the year. l Archdeacon Catherine gave us a grant of £1,500 towards legal fee5 regarding shop #ll, which situation has now been resolved, and the shop paid all the fees due. We therefore may need to repay this amount in 2025. l London Borough of Harrow gave us £15,000 towards the work done to bring the church house at 2 Earls Crescent up to current letting standards. We received the first rent on 20 September 2024. Church hall lettings are down on the previous year largely because the use by Bentley House was less, as expected. New Life Bible Church 14,314 NLBC room 2 1,670 Bentley House 5,115 Ignite 3,656 Toddlers 450 Ad hoc 1,245 Other income shows the closing balance in the Holy Trinity English Class IHOTEC) bank account of £1,537. HOTEC have granted £300 of that to go to support the work of the English conversation class at St Michael's {paid in 2025) with the balance to remain in general church funds. Expenditure Common fund (Parish share) increased to £70,000, which is less than requested by the Diocese. The missionary giving amount is £3,476, the split of which to be agreed. The new photocopier cost £3,587 but the ongoing costs are significantly less. Ministry- evangelism. Going into 2025 there is £880 left from the grant and legacy. O Utilities are down on 2023. Costs thankfully not as much as budgeted. Repayment of loans- there is £2,000 left to pay in 2025. Maintenance includes the cost of heaters in the Church and Church Centre, repair to window in room 2 and the stage toilet. £4,500 is attributable to normal servicing contracts. 2EC costs include insurance, council tax, gas and electricity for nine months and on-going cost of the boiler call-out contract. Church flat maintenance cost was for new kitchen taps. Page 3 of 13
BUDGET 2025 The PCC has set a budget for 2025 with a deficit of £4,697. This is largely due to the cost of maintenance items. The PCC will review cash flow throughout the year and take appropriate action. Income Income is much as expected, based on known or anticipated amounts. There is much scope for encouraging more giving, especially encouraging new members of the congregation to commit to regular giving, preferably gift-aided, direct into the church's bank account. Our Administrator is working hard to get new rentals for our halls. Expenditure Common fund (Parish share), agreed by the PCC in the summer of 2024, has increased by IO% to £77,000. (The Parish Standard Cost advised by the Diocese for 2025 of just under £IOO,000 is offered as an indicative figure showing the average cost of clergy and housing provision, parish support teams, and the trai ning of future priests, alongside substantial funding from London Diocesan Fund.) Administrator salarie5 include the average UK expected increase from l April 2025. Clergy expenses include days on retreat. The phone and network contract is being re-negotiated to reduce cost. The new photocopier charges are much less than previously. Software licenses include cost reduction for Zoom. 2024 included fees for two licences on 2-year contracts. Evangelism budget includes £1,000 to cover the cost of Bibles distributed by Johnny. The Cleaner's salary reflects the increase in the Real Living Wage from l April 2025. Maintenance- £13,950: £4,550 normal servicing of equipment- fire extinguishers, fire alarm, lightning rod, lift, heater servicing, gutter cleaning, entry system. £4,080 rewiring of very old cabling in halls £2,500 APNR system in car park £1,200 repair of guttering over hall landing £580 slate roof tiles over the east end of the church £500 louvre door near bell-cote £540 to re-route power supply to the camera used for streaming services. 2EC includes some cost for insurance and £225 for boiler call-out contract. Church flat maintenance £600 for new security door as recommended by Met Police Children and family worker salary based on 8 months as per discussion with Re:gen. REPAYMENT OF LOANS The Area loan will be repaid in full in June 2025. Page 4 of 13
RESERVES The balance in the deposit fund {CCLA) with the Church of England Board of Finance at 31 December 2024 was £30,630 of which £10,000 belongs to the Children and Family Worker account £1,800 belongs to Toddlers £30 represents car park permit deposits £18,800 for general use. At 31 December 2024 actual cash in accounts totalled £73,679, represented by.. £29,695 General account £13,354 Children and Family Worker account 1 £30,630 CCLA deposit account 3 months, worth of general expenditure amounts to circa £35.000. Pot Horn, Acting PCC Treasurer The following accounts were approved by the Parochial Church Council on 11 February 2025 and signed on its behalf by: Anne Russell, PCC Secretory Page 5 of 13
Holy Trinity Church Wealdstone Income and Expenditure account 31 December 2024 Budget 2025 Actual 2024 Actual 2023 INCOME Planned Giving Loose plate collections Special collections Legacies not restricted Stonework gifts to repay loan Specific gifts - tree pollarding Sales of produce Deanery Mission Grant for evangelism 2023 Archdeacon's grant shop #ll legal fees LBH grant towards refurb 2EC Car park perm it deposit Gift Aid recovered Service Fees 31,245.00 4,000.00 35,661.21 3,876.28 256.34 31,794.50 4,434.78 255.00 500.00 15,000.00 540.00 699.61 I,ooo.00 323.21 1,500.00 15,000.00 10.00 7,379.12 843.00 64,849.16 10.00 10,516.81 438.00 65,188.70 6,990.00 474.00 42,709.00 TOTAL MINISTRY INCOME Church Hall lettin65 2EC Church Flat Shops 33,300.00 21,000.00 15,000.00 42,820.00 112.120.00 26,449.75 5,997.94 Is,000.00 44,535.06 91.982.75 27,734.00 15,000.00 41,473.84 84,207.84 TOTAL RENTAL INCOME Other income IHOTECI 1,537.17 Children and Family Worker income Children and Family Worker Gift Aid CCLA income - interest and transfers HOTEC income Toddlers income Together on Wednesdays 4,182.00 1,045.50 520.00 4,462.00 1,116.00 18,893.04 5,346.00 1,336.50 1,084.24 548.50 575.77 7.00 8,349.51 TOTAL OTHER INCOME 5,747.50 26,556.71 TOTAL INCOME £160,576.50 £183.388.62 £157,746.05 Page 6 of 13
Holy Trinity Church Wealdstone Income and Expenditure account 31 December 2024 Budget 2025 Actual 2024 Actual 2023 EXPENDITURE Cornmon Fund Subs to 8ereavement Care PCG IOOA to missionary societies Special collections Giving other Iopen Doors) Transfer to CCLA account TOTAL GIVING TO OTHER BODIES Administrators, salary costs Clergy expense5 Visiting speakers/clergv 77,000.00 200.00 3,000.00 70,000.00 200.00 3,476.00 256.34 200.00 18,376.17 92,508.51 67,000.00 200.00 3,088.00 255.00 80,200.00 70,543.00 19,500.00 1,800.00 so.00 21,350.00 18,854.04 -93.54 17,726.37 2,300.96 55.00 20,082.33 TOTAL STAFF EXPENSES 18,760.50 Equipment Phone and network Photocopier Postage & stationery Software licences 200.00 834.00 200.00 50.00 1,650.00 2,934,00 370.37 997.40 539.39 108.41 1,568.08 3,583.65 998.69 3,638.93 43.83 2.096.95 6,778.40 TOTAL ADMIN COSTS Equipment and supplies Evangelism Training Hospitality Children's activitie5 300.00 1,500.00 263.95 324.43 476.62 294.66 250.00 -11.32 63.35 TOTAL MINISTRY COSTS 300.00 2,100.00 651.73 Heat and light Insurance Cleanin8 Maintenance Stonework repayment of loans TOTAL CHURCH PREMISES COSTS 1,009.96 9,600.00 5,665.00 12,050.00 13.950.00 2,000.00 43,265.00 8,145.83 3,917.96 11,478.57 8,441.65 4,000.00 35,984.01 12,904.17 6,948.36 11,000.93 11,682.76 26,560.84 69,097.06 Page 7 of 13
Holy Trinity Church Wealdstone Income and Expenditure account 31 December 2024 Budget 2025 Actual 2024 Actual 2023 2EC - insu rancelmaintenance Vicarage rnaintenance Vicarage water Church Flat - utilities Church Flat - council tax Church Flat - maintenance 825.00 4,598.13 44,269.46 180.00 431.03 3,433.71 1,760.49 144.00 50,218.69 650.00 2,625.00 1,850.00 600.00 6,550.00 502.18 2,411.05 1,744.28 120.21 9,375.85 TOTAL PROPERTY COSTS Children and Family worker salary HOTEC expenditure Toddlers expenditure 8,874.00 1,537.17 627.47 2,164.64 683.73 828.20 TOTAL OTHER COSTS 8,874.00 TOTAL EXPENDITURE £165,273.00 £166,223.64 £215,362.89 SURPLUS/{DEFICITI FOR YEAR (£4,696.50) £17,164.98 1£57,616.841 Page 8 of 13
Holy Trinity Church Wealdstone Statement of Financial Activities 31 December 2024 General Designated Restricted Endowment 2024 2023 Income Giving Gift Aid recovered Lettings Rental of property Service fees Bank interest HOTEC £61.089.04 £8,495.12 £30,105.75 £61,877.00 £843.00 £18,893.04 £1,537.17 £548.50 £61,089.04 £8,495.12 £30,105.75 £61,877.00 £843.00 £59,579.89 £11,853.31 £31,338.00 £52,869.84 £438.00 £18,893.04 £1,537.17 £S48.50 £1,084.24 £0.00 Toddlers £575.77 TOW £0.00 £7.00 Total income £183,388.62 £0.00 £0.00 £0.00 £183,388.62 £157,746.05 Expenditure Running costs Repayment of loans HOTEC £160,059.00 £4,000.00 £1,537.17 £627.47 £160,059.00 £4,000.00 £1,537.17 £627.47 £187,973.85 £26,560.84 £0.00 Toddlers £683.73 Traidcraft £0.00 £0.00 £144.47 Total expenditure £166,223.64 £0.00 £0.00 £0.00 £166,223.64 £215,362.89 Net movement in funds £17,164.98 1£57,616.841 Page 9 of 13
Holy Trinity Church Wealdstone Statement of Assets & Liabilities and Balance Sheet 31 December 2024 General Designated Restricted Endow ment 2024 2023 Asset5 Fixed asset 2 EC General Fund Children & FW account CCLA deposit fund HOTEC Toddlers Traidcraft £13,637.00 £28,943.77 £13,354.21 £17,253.73 £0.00 £119.45 £0.00 £13,637.00 £29,695.02 £13,354.21 £30,630.26 £0.00 £119.45 £0.00 £13,637.00 £27,315.86 £8,892.21 £11,737.22 £1,537.17 £2,007.78 £0.00 £751.25 £13,376.53 Property Deposits Debtors £1,250.00 £14,170.00 £1,250.00 £14,170.00 £1,250.00 £15.361.08 Total current assets £88,728.16 £14,127.78 £0.00 £0.00 £102,855.94 £81,738.32 Liabilities Prope rty Deposits Creditors £1,250.00 £8,850.00 £1,250.00 E8,850.00 £1,250.00 £3,088.00 Total current liabilities £io,ioo.00 £0.00 £0.00 £0.00 £10,100.00 £4,338.00 NET ASSETS SURPLUS/(DEFICIT) £78,628.16 £14,127.78 £92,755.94 £77,400.32 Represented by: Fixed asset 2EC Cash at bank: General account CFW account CCLA deposit account HOTEC Toddlers £13,637.00 £13,637.00 £13,637.00 £28,943.77 £13,354.21 £30,630.26 £0.00 £119.45 £14,170.00 1£8,850.001 £751.25 £29,695.02 £13,354.21 £30,630.26 £0.00 £119.45 £14,170.00 1£8,850.001 £27,315.86 £8,892.21 £11,737.22 £1,537.17 £198.42 £15,361.08 (£3,088.00) Pl us debtors Less creditors TOTALS £92,004.69 £751.25 £0.00 £0.00 £92,755.94 £75,590.96 Reserves Opening balance HT sur/ldefl HOTEC sur/ldefl Toddlers su r/ldefl Traidcraft sur/ldefl £75,590.96 £18,781.12 1£1,537.171 1£78.971 £0.00 £75,590.96 £18,781.12 1£1,537.171 1£78.97} £0.00 £133.207.80 1£57,364.411 £0.00 1£107.961 1£144.47} TOTALS £92,755.94 NOTES TO THE FINANCIAL STATEMENTS Page 10 of 13 £92,755.94 £75,590.96
Accounting Policies The PCC is a public benefit entity within the meaning of FRS 102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCS, and with the Regulations true and fair view, provisions, together with FRS 10212016) as the applicable accounting standards and the 20161?) version of the Statement of Recommended Practice, Accounting and Reporting by Charities ISORP IFRS 1021). Funds General Funds represent the funds of the PCC that are not subject to any restrictions regarding their use. Funds designated by the PCC are also unrestricted. The accounts include all material transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members. Income - Please refer to the income page of this report. Planned giving, collections and similar donations are recognised when received. Income tax recoverable on Gift Aid donations is recognised in the year to which it relates. Grants and legacies to the PCC are recognised as soon as the PCC is notified of its legal entitlement and of the amount due. Rental income from the letting of church premises is recognised when the amount has been invoiced. Interest and other investment income is accounted for when received. Expenditure Please refer to the expenditure pages of this report. The total amount in respect of grants and donations has already been designated by the PCC. The amount in respect of the year under review is therefore included in these accounts and expressed as a creditor at 31 December. The Diocesan parish share is accounted for in the year to which it relates. Consecrated land and beneficed property are excluded from the accounts by section 96{21 lal of the Charities Act 1993. No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC consider5 this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and movable church equipment or furnishings, whether maintenance or improvements, is written off as expenditure in the Statement of Financial Activities and separately disclosed. The PCC is managing Trustee for certain properties that are available to be used to house assistant clergy. These are stated at original cost together with the cost of any subsequent major improvements. Other fixtures, fittings and office equipment- In view of the nature of this equipment and the fact that original cost did not exceed £3,000, all expenditure is written off as incurred. Assets Amounts owing to the PCC at 31 December in respect of fees, rents or other income invoiced, are shown as debtors. Cash is held on deposit with the Central Board of Finance Church of England Funds {CCLA}. Page 11 of 13
Fixed assets comprise the house at 2 Earls Crescent, Wealdstone, Harrow, HAI IXN. This is stated at C05t together with the expenditure incurred in construction of the extension. Debtors and Creditors DEBTORS Shop # 03 (banked 10 January 20251 Shop # 05 (banked 6 January 20251 Shop # 07 (banked 6 January 20251 Shop # 11 (banked Iojanuary 20241 1,500.00 1,625.00 1,500.00 1,500.00 Rental income 6 125.00 Gift Aid tax reclaim from HMRC General Fund 2024 Children & Family Worker Fund 2024 6,929.00 1,116.00 Gift Aid 8 045.00 TOTAL DEBTORS £14,170.00 CREDITORS Missionary Donations QI rent 2 Earls Crescent Q4 service fees 3,476.00 5,250.00 124.00 TOTAL CREDITORS £8 850.00 Connected persons The PCC has been advised of no relationships which require to be disclosed under the provisions of the Charities Act. Statement of the responsibility of the Parochial Church Council in respect of the accounts The Charity Commission require the Trustees to obtain accounts each year which give a true and fair view of the financial transactions of the PCC and of the disposition at the end of the year of the assets and liabilities and contain the information specified in relevant regulations. The Trustees are required to select suitable accounting policies and apply them consistently and make judgements and estimates that are reasonable and prudent. The Trustees are responsible for keeping proper accounting records, in accordance with Trust Law, which disclose the financial transactions and the assets and liabilities with reasonable accuracy. They are also responsible for safeguarding the asset5 and hence for taking reasonable step5 for the prevention and detection of fraud and other irregularities. Page 12 of 13
Independent F.xaminer's Report to the PCC of Holi. Trinit). Wcaldstone I report on the accounts of tlie cliurcli tor tlie year elided 31 Deceiiiber 2024 whicli are set out in tlie attached pagjes. Respectii'e responsibilities of the PCC and the examiner "rile PCC (the church trusleLS) arL responsible for the preparation ol'the accounts. The PCC consider Ilicqt an ciiidit is not reqiii red lor this i'car iind¢r section 144(2) of the Chai'itics ALI ?01 l (IliL' 201 l Acl) and ilial an IndependL'iil Examinatioii is needed. Basi5 of this report M), e,ianiination w'as carried oiit in aLcordance with ilie General Directioiis giiven by the Cliill'it), Coniiii ission. That Lxami natioii includes a review of ilie accouiiti li records kcpi bv tlie l)CC aiid a Colilpiql'ison ot. the accounts presenled with ihose rLcords. It also iiicl udLS coiisidLriiigi aiiy unusual itenis or discl()sures in the accouiits. (Iiid SL'L'k'ingi L'xplaiiali()n.s I i-oiii )'ou as Ii'ustees coiiccriii lig) any siicli iiiaiters. TliL' procLdurcs undei'tcik'LlI do 1101 pi'oK'idL al I tliL L videiiLe Iliat vi'oiild be rLq ui I'Ld in ali aud il, aiid coiiscq uL'iiil}' no opiiiioii is g) ivcii a.% to hL'tlILr ilie accounts prLseiit a ' li'uc aiid lair ViLlI aiid il)L' I'cporl is liiiiilLd to iliosL iiiallL"rs sct out in tlie staleiiieiit bclow,. IndependL'nt Exdiminl'r's statemL'nt In connLLlion w'illi my exaiiiinalion. no mattLr lias c()InL [() m), atleiilion. ( l ) wliiLh g) ives Ine reasonable LausL' lo bel ieve tliai in an), niaicrial respect tliL rL'qiiirenieiilS o to keep accoiiiitingp reLords in acc()rdance ii'iili sectioii 130 of the 2011 o to Pl'L'parc acLoiinls wliich accoi'd i4'itli Ihc accoiiiitingp rL'LOI'ds aiid coiiiply ii'itli tIIL' accouiiliiig¥ rL'qUi reiiicnls ol. tlIL' 201 I ALt Iicive iiot beL'n niet: or (?) To wliiLlI. in niy. opi Iiion. attentioii sliould be dric IVII I li ordLr to eiiable a proper undLrstaiidiiigv of tlie accouiiis lo be rc'aclied. (Siginod) 14 March 2025 D Taylor-Me, FMAAT Hoii. Exaniiiier. 123 Park L.ane l-larroii. Middlcsex FIA? 8NN