HOLY TRINITY KENDAL PARISH CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS 31 DECEMBER 2023 HOLY TRINITY PARISH CHURCH KENDAL FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 CONTENTS Memkrs. Annual ReFort Independent Examiner s Report to the Members Statement of Financial Activities 10 Statement of Financial Position No￿$ ro the Financial Stacements HOLY TRINITY PARISH CHURCH KENDAL FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 ADMINISTRATIVE DETAILS Registered Charity Name The Parochial Church Council of the Ecclesiastical Parish of Kendal Holy Trinity Charity Registration Number 1132947 Principal Office Kendal Parish Church Kirkland Kendal Cumbria LA9 SAF Parothial Church Council Cleryy members The Revd Canon Shanthi Thompson The Revd Ashley Henderson The Revd Anne Underwocrfl Churchwordens Richard Forsyth Ann Wesi Dot Yates Ire5igned l Oth May 20231 Deonery SyrNI membe Joan Carnaffin Elected members Paul Arnold (elected I ￿ July 2023) David Aspinall Norma Bares (Vice Chair) lan Fishwick Chris Magee lelecced 4th August 2023) Bevedey Moore Graeme M¢XJre Anita Peat Helen Platts (Tre￿Urer) Janet Thompson Sam Willacy (resigned 10th May 2023) Kate Wright (resigned 20,, January 2024} PCC Secretory janet Henderson {appinted as PCC Secrerary 5th January 20231 Accountants Lamont Pridmore (South Cumbria) Ltd 136 Highgate. Kendal LA9 4HW MEMBERS, ANNUAL REPORT Objectives The primary obiecuve of Holy Trinity PCC is the promouon of the Gospel of our Lord Jesus Christ according to the doctrine5 and prdctices of the Church of England. The PCC has the responsibility of co-operdting with the Vi¢ar. in promottng within the ecclesiastical parish the whole mission of the church - pastoral. evangeliwo s¢xial and eCu￿￿nIcal. The Revd Shanthi Thompson is Vicar. In developing che church's aims and objectives. we have considered the Chariry Commission's guidance on public benefit and in particular the specific guidance y'ven to charities for the advancement of religion. Kendal Parish Church shares the Diocese of Cadisle's Vision and Seeks to grow God's Kingdom in Cumbria by working with our Ecumenical pamers to Follow Doily - helping each oiher to follow Jesus more closely, Core Deepfy - listening to our communities to serve them and to challenge injustice, Speak Boldly - sharing our faith in Jesus in everyday ways. with all people and T￿0d Genrty - procecting God's creation. seeking to sustain and renew the life of the earth. In all we do. in prayer and worship, in welcome and service and in pasrornl care and outreach. we seek to embrdce and this vision and watch for signs of the growth of God's Kingdom. Our mission is to be a w￿l(oMIng Chrisrian community serving the people of Kendal. Our Achievements in 2023 Maintaining and building on the number of ¥dunteers who offer time and olents to rhe life and mission of Kendal Parish Church is vi(al to our ministry and l am pleased co reFQrt thac we have been able to achieve both over the last year. New people offering their service and other5 continuing in their roles mean we have been able to maintain and grow all we have dorie in the past and to look co new things Our prayer life remains strong and many people engage others to pray using our prayer calendar as well as in person. Our Prayers for Peace concinue w gather people from across Kendal to offer to God those in siruations of conflitt and to prdy for His intervenDon to being peace. Our choir and Kendal Chorisrers work hard and lead our worship beautifully. Both are attracting new people and tackling new piece5 to help us praise G¢)d in worship of many sryles. We are grateful for the work ofJonathan.Bielby. our musical director and Andy PIov*Tnan. our organisL The Gathering continues to evolve and embrace new ideas and sryles including Café Church and Feast on the FoLtrth, a monthly bring and shore lunch which allows u5 to build our fellowship and get to know one another better. We were once again joined at the Gathering for two terms by students from Capernwray Bible College who brought Y￿th youth and enthusiasm and a V￿llIngneSS to join in and help serve coffee. We continue to celebrate the beaury of the Bcok of Common Prayer at OLtr Sunday 8am and Thursday 10.30arn services as well as at Evensong and Y￿ held Sung Compline in LenL We are gratefvl to our ministry ￿rn, lay and ordained. who work hard not just at KPC but in churche5 around the area who need extrn help. l am also thankful for the ministry of The Revd Ashley Henderson our Pascoral Minister and our curdw The Revd Rob McLellan. whose ordination to the priesthood we celebraied at KPC in the summer. There were 173 members on the Church Elettoral Roll at the 2023 revision {2022 - 1701. Our average Sunday attendance is 114 (2022- 130). MEMBERS, ANNUAL REPORT The Revd Anne UnderwoLxl. our ￿Oneer Ministsrlcommunity Worker. works with others across the community and engage5 with young people across Kendal through the Detached Youth Work Project. Anne has also built a great team and works with Captain Hilary BOrth￿Ck at the Salvation Army Hall running the Connect Café. which has an emphasis on wellbeing and supporu The Revd Michelle Woodcock, our Children and Family worker has continued with lunch clubs in ￿0 of our schools. supporcing Kendal Choristers and our Toddler Group. With 3 ieam of volunteers she ran our first ever holiday club in the summer and now rLtns a monthly Messy Church. The Revd Ashley Henderson and Beverley Moore. our Anna Chaplain. along wth the Anna Friends and volunieers support those in our communiry in particular need ¥Mth visits, pastoral services and prayer. The team regulady lead service5 of readings hymns and Prydyers in a growing number of care homes and take Holy Communion on occasions too. Care home residents along with staff and family and friends. join the ¢eam for our monthly Tea Service. This shorr service of hymns. readings and prayer5 is open to all. It is particularly accessible for those living with dementia and is appreciaied by all who al￿nd. l am grateful for the time and dedicauon they put inw this imporrant part of our ministry 3nd outreach. Our volunteer Welcomers. under the leadership of the Revd Hovrdrd Smith and Anne Smith, ensure visitors and pilgrims find a %Yarm welcome a¢ Kendal Parish Church during Ihe week. Coffee and Cake continues co attrac¢ regulars and visitors and provides a friendly atmosphere and a place to meet friends. During the school holiday we ensured there were acuviues in church with which families could engage. These were well used and the feedback vrds encouwng. We engaged with Heritage OFen Days and welcomed many people from the local community ro enjoy the varied display5 and activities we laid on. Music is a much-loved fea(U￿ of life at Kendal Parish Church and Andy Plowman has conunued co arrange our series of lunch-time organ reciral$. These fundraising concerts have now become a regular social event for our church and our community. The concerts are enthusiastically supported and feature recitalists, many of whom travel from other parrs of the country and who largely give their services for free. In 2023, we were able to hold 19 concerts. raising a further £2.882 ￿WardS our organ renovation fund. Our Chariry Chrisrmas Tree Festival thi5 year had over 30 charicy trees. all deCora￿d with the theme Under the Sea displaying amazing creativiry. There a large rbumber of visitors of all ages from the town and further afield raising over £5.000 for local charities. We hosted Carol Services for our lo￿1 Schools and organisacions and our Christmas Services were well arrended. We are grntsful co The Kirkland Trust whTrch generously supports our maintenance and repair bills with urgent conversation work being carried out on out pinnacles and the porch. With the generosiry of our regular givers we have been able to support Chrisrian Aid. the Kendal and Distritt Debt Centre, and the work of our new CMS Mission Partners, Lex and ALin. who are working in East Asia. We continue our ministry co the town of Kendal and the surrounding area and our Remembrance Service w35 well attended by uniformed organisauons and the community. We also welcomed our Mayor and Councillors to our annual Mayor's Service in July. MEMBERS, ANNUAL REPORT Our work in the Helm Mission Communiry. with the parishes of Crosscrake, Nadand, New Hutton and Old Hutton. the Unl￿d Reformed Church and the Salyarion Army. continues to develop as does our en￿gernent with the other churches acros5 the Kendal Mission Area. Together we support the work of the Kendal and District Debi Cenire. tKsth prayerfully and financially. The National Lottery Heritage Fund accepred our iniual Expression of Interest and our Project Steering Group continues to work hard with our fundrdising consultani on our fvll applicauon for funding for a major restoration project. As parr of this. plans are developing for the urgent consernauon work needed on the Tower and Bellingham Chapel r(x)f and reordering the church to enable greacer community engagement and herir2ge display5. Financial Review In 2023 rotal income b*dS £444.830 {2022 - £263.4411 of which £177.640 (2022 - £162.6081 was unresrricted income and £267,190 12022 - £1(Xi.8331 was restritted income. Total expenditure was £432,68812022 - £255,058) with unrestricted expendirure of £179.008 {2022 . £173,709} and restricted expenditure of £253.68012022 - £81.3491- This resultrd in on overall operating surplus of £12.14212022 a surplu5 of £8,383). The overall surplus for the year. ¢aking into account the tdin on invesimenu was £29,734 {2022 deficit of £17.859). This comprised a surplus on general funds of £8,03412022 a deficit of £27.1 $21. a surplus on re5tritted fund5 of £1 5.23612022 - a surplus of £21.4221 and 3 Surplus on endowment funds of £6.464 {2022 - a defici¢ of £10,815). The church's toral assets increased from £278,517 at the end of 2022 to £308.360 at the end of 2023. Of this. £132,738 12022 - £124.2431 related to Unrestric￿ funds, £102.3(X) to restricred funds 12022 £87,416} and £73.322 to endowment fund5 (2022 - £66,858). Reserves Policy The reserves p)licy agreed by the PCC reffleccs irs resFKJnsibility for the financial security of the orrdnisation and aims to: accumulate an adequate level of funds to finance 5hort-tem reducrions in income caused by unexpected events. This currendy srands at 9 months, operaung expenditure. The aim is to mainrain this a¢ the current level. generate annual operating surpluses co build up further reserves to be utylised over the next 3-S years ro fund rhe programme of MaIn￿nanCe and repairs identified in the latest Quinquennial Inspection Rewew. invest our free re5erve5 to earn inrerest which ¢2n be used w offset future operating and caFXt31 expendicure. Investment Policy The PCC'S inve5tmeni poliq pursues a balance be￿n risk and reward. All our investment assets are now in CBF Investment Trust Units or COIF Erhiral Trusi Unirs. The trust units are managed by CCLA Investment Management who pursue a socially responsible investment policy. vA)ich aims ¢0 ￿$trict or prevent investment in companies whose main business interests are in landmine5, cluster bomb5 and nuclear weapons. pmblin& t0￿ccO, alcohol. pornography. energy coal extracuon or high interest credit. MEMBERS, ANNUAL REPORT Strurture, Governance and Management The Parochial Church Council IPCCI of Holy Trinity Parish Church Kendal is a corporate body established by the Church of England. It is part of the Diocese of Carlisle. The PCC operates under the Parochial Church Council Powers Measure and is a chariry rwstered with the ChariEy Commission. Memkrs of the PCC are either ex officio or elected by the Annual Parochial Church M*ting in accordance with the Church Representsuon Rules. Each year the church encourages each attendee to regisier on the Electoral Roll and stand for eleaion to the PCC. Training is provided as the need ari5e5. There are four independenc trusts vthich rela* to the PCC.. The Kendal (Kirkland) Trust {regis￿red chariry number 1176972) which administers the carpark which is held jointly by the trust and the Parish Hall TrusL The Parish Hall Trust {regis*red charity number 510761) which holds and administers the Parish Hall and along with the Kendal (Kirkland) Trust holds the trust5, carpark. The All Hallows Kendal Trust {regisrered charity number 10969791 which holds the net Sale proceeds of All Hallow5 Church together with rhe final bank balances of tha¢ church in the form of investments for the benefit of Holy Trinity PCC. The Friends of Kendal Parish Church - a chariry which seeks to attract funding from those who value but do not necessarily actend the church. Committees and Groups The Standing and Finance Commitree meets berween full Meetin￿ of the PCC and 15 responsible for bLsdgetary conrrol. invescment stratey, Christian stevrdrdship renewal. remuneration policy and overseeing che maintenance and insurance of church property. The PCC has set up groups focused on the follown& rep)rting back on a regular basis to the PCC., Worship and Prayer Building Development World Mission. Principal Risks and Uncertainties The major risks ￿ which the PCC is exposed have been revieweil and action is being caken ro miugate those risks. The key risks are: A lack of impact and enggement attivities currently being undertaken mirigated by the wide range of mi55ional and worship Our financial sustainability - mwKated by actions taken each year to achieve a balanced budgec Safeguarding mitigated by rhe actions we are raking to implement the Church of England's Safeguarding policy Fabric repair - mititd£ed by the work of the Building Development Group and the work that is underw3y to address the issues identified in our 2021 Quinquennial Inspettion Review MEMBERS, ANNUAL REPORT Health & Safery- overseen by the PCC IT security- mitigated by our IT security arrnngements Data protettion - mitipted by the steps we have tak￿ ro respond to GDPR requirements. The PCC has complied with the duty under sec(ion 5 of the Safeguarding and Clergy Discipline Measure 2016 to have regard to House of Bishops. guidance on safeguarding children and vulnerable adults. The PCC is committed to creating an environment which is welcoming and respecrful and enables safeguarding concerns to be raised and responded to openly. prompdy and consistently. Carolyn Nicholson took over from Janei Thompson as the designatd Parish Safeguarding Officer during 2023. The Parish Safeguarding Officer works closely with the Vicar and reports regularly to the PCC on safeguarding in the parish. Going Concern The PCC, having considered the church's current financial position and the budget for 2024 and the ass¢xiared risks and assumptions. have idenufied no material uncertainties that may cast doubt about the ability of the church to conunue as a going concern for at leasc twelve months after the signing of rhe accounts. This assessment is made oking into the account the efier￿ costs crisis. S￿p$ are being taken to ensure thai a break-even operating budger 1$ established to enable the church to maintain its current level of reserves and move to a position where is li able to generate surpluses to fund future church renovation and development projett5. Future Plans There will be a lot of work to be done to secure the fijnding needed to restore and develop our building over che coming years but we are confident that with a commitment to faith. prayer and worship undergirding all we do. God wll guide and direct us. The joys and challenges of life and ministry at KPC a￿ many and are borne by a large number of people. with some working many hours co enable all that Y￿ do. As we move ahead into the coming year we are assured of God's presence with us and we trust the guidance of his Holy Spirt so that all we do will be his glory and for the spreading of the Go$￿1. This Members. Annual Rewrt Nfds aFf*roved on 16th May 2024 and signed on behalf of the PCC by: The Rev'd Shanthi Thompson Vicar of Holy Trinity Parish Church. Kendal INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY PARISH CHURCH KENDAL YEAR ENDED 31 DECEMBER 2023 report on the financial statements for the year ended 31,, December 2023, which comprise the statement of financial accivities. sratement of finanaal p)sition and the related no￿5. Respective responsibilities of members and examiner The members are responsible for the preparatyon of the financial statements. The member5 consider that an audit is not required for this year under secuon 144{21 of the Charities Act 2011 {the 2011 Act) and that an independent examination is needed. 1¢ is my responsibility to: examine che accounts under settion 145 of the 201 l Act to follow the procedures laid down in the general Direction5 given by the Charity Commission Ltnder section 145(5)Ibl of the 2011 ACL and to state whether partycular marrers have come to my attention. Basis of independent examinerfs report My examination vrd5 carried out in accordance with the general directions gtven by the Charity Commission. An examination includes a review of the accounting records kepi by Ihe charicy and a comparison of ehe accounrs with those records. It also includes con5iderdtion of any unusual items or di5c105ures in the accounrs and seeking explanations from you a5 trus￿5 concerning any such macters. The procedures undertaken do nor provide all the evidence that would be required in an audit and consequencly no opinion 15 given as to whether the accounts present a 'rrue and fair view and the reporr is limited to those matters set ou¢ in the next statemenL A description of the scope of an audit of financial statements is provided on the Financial ReF<)ning Council's website at vrnw.frc.org.ukJauditscopeukpriY4te. Independent examiner's statement I have Comple￿ my examination. I confirm that no ma￿rIal Mat￿rS have come to my attention in connection wth the examination &¥ing me cause to believe that in any ma*rial respecc . accounting records were not kept in respett of the chariry a5 required by section 130 of the Att; or . the financial statements do not accord with those records,. or the financial statements do nor comply the applicable requirements concerning the form and conrent of accounts set out in the Charities {Accounrs and Reports} Regulaiions 2008 other chan any requirement thar the accounrs give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection the examination to which a tention should be drawn in this report in onler to enable a proper undersrAnding of the accou ch karl Burre FCCA For and on behalf of Lamont Pridmore (South cUM￿la) Ltd Independent Examiners 136 Highgate Kendal Cumbria LA9 4HW HOLY TRINITY PARISH CHURCH KENDAL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 Endowment fund5 2022 Total Unrestricted funds Re5trirted funds Totsl lrtcomè and endowments Voluntary income Grants Activities for generating funds Income from investments Church activities 126.960 26.545 3,074 3.020 4,677 13.364 177,640 4.017 240.644 3.545 1.564 130,977 267.189 6,619 6.633 4.677 28.735 444.830 129,120 113,549 6,271 5,876 6,330 2,295 263,441 2.049 Other Income Total Income 15.371 265,141 2,049 Expenditurè Church artivities Total expendfture 179.O)8 179.LY)8 251.533 251,533 2,147 2,L47 432.688 432,688 255,058 255,058 Nèt expendltur• 1,368 98 12.142 8,383 other recognlsed galns and Ioss•s Net gains1110ssesl on investment assets Net mo¥ement In funds 9.402 8,034 1.628 15,236 6,562 17.592 29.734 126,2421 117.8591 Prlor year adjustment 109 109 1.314 Transfer between funds 352 13521 Total funds broughi forward 124.243 87.416 66.858 278.517 295.062 Total lunds tarrkd forward 132.738 102,300 73,322 308,360 278.517 The stacement of financial activities include5 all rains and losses recognised in the year. All income and expenditure derive from continuing activicies. Noces l to 16 form part of these financial statements. HOLY TRINITY KENDAL PARISH CHURCH STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2023 20ZZ Total UnrÈstritted ftestythd Endowmeni FuDd5 Funds nds Toral Flxed assets Investments ICQ463 18,777 71265 18l913 Current ￿let5 Debtors 22,213 4982 31,1% 72,213 99.168 121.381 Zg,43Z 81,187 110,619 Cash at bank and in hand 89.129 Ulbilltlts Cfediiors." amounts fallin8due withih otheyear Net ￿lIeflt •i¥•rs 6320 24.275 12,526 ICé,855 14,015 83523 Total a55et5 hsj current 132.738 102X 73.322 308,3f Z78,517 Fund5 of thq 2023 2022 Organ Renovation Children arbd Youn8 People Anna Chaplaincy Trinity College Music Fund Wellbeing Café Border Regiment Chapel BabylToddler Group Chrlstmas Tree Festival Choir Music Fund Tower Detached Youth Work Thomas Haslam Belfry Account D Shaw Memorial Fund Ifor music) Bibles Flower Fvnd Mission Fund S Alker bequest Ichoirl 71,943 10,289 5,231 4,929 3,130 1,245 919 62,(M)I 11.783 3,907 3,377 1,245 519 851 675 636 619 520 825 819 619 520 379 65 312 1,364 126 102,3CQ 87.416 HOLY TRINITY PARISH CHURCH KENDAL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 I I Summary of assets by fund Unrestricted Funds Restricted Funds Endowment Total Funds Fund5 2023 2023 Investments Current assets 108.463 31,195 16,9201 132.738 18.777 89,129 15,6061 102.3C 72.265 1,057 199.505 121,381 112.5261 308,360 Creditors less than l year Net a55ets 73.322 Insurance 2023 2022 Buildings and contents Public and Prodicts Liability Employer's Liability Theft by church officia15 Legal expenses 36.4M IOM IOM io.oD) 250,0 32.sm IOM IOM 10,0 250,OIXI Quinquennial inspection The church's Quinquennial Inspection Review took place in 2021. A range of prioritie5 for fabric repair were identified on which the PCC continued EO acr in 2023. 14 Related party transactions During the year the PCC received a donation of £23.670 {2022 - £24,430) from The Kendal (Kirklandl Trust and from the Parish Hall Trust from the proceeds of car parking. In 2023 The Kendal {Kirkland) Trusi made grants of £190.496 {2022 _ £62.1251 towards the costs of repair of the pinnacles and the porch, fundraising costs and variou5 buildings surveys as the basis for the prepararion of a Master Plan for the restoration of Kendal Parish Church. A further £1,200 12022 - £3001 ￿$ paid by The Kirkland Trust tovfdrds the costs of children's work. A grant of £881 was awarded by the All HaIl0v￿ Trust towards the costs of ￿￿k to the font cover. HOLY TRINITY PARISH CHURCH KENDAL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Future liabilities There were no contingent liabilities at the year•end and no contracts for major works had been placed. The quinquennial inspecu.on report has Shown that major repair5 are required to the (abric of the church over the nexc five years including substantial repairs to the roof of the Bellingharn Chapel, nd also to the tower and the Willis organ. During 2023. Ihe Naoonal Lottery Heritage Fund accepced our initial Expression of Intrrest for a grant for a major restorduon and re-ordering projeci to address these issues and to develop the church to enable greater comrnunTry engagement and heritage displays. Other donations given by the church In addition to the gifts and tjonations shown in the accounts. during the year £6.734 {2022 - £5,062) was collected at funerals and special services and vos passed on Eo various charityes. A donation of £6¢JO12022 - £600) was made to the Kendal and Distritt Debt Cencre. and of £SOO the Church Mission Society.