HOLY TRINITY KENDAL PARISH CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS 31 DECEMBER 2024
HOLY TRINITY PARISH CHURCH KENDAL FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 CONTENTS Members, Annual Report Independent Examiner's Report to the Members Statement of Financial Activities Statement of Financial Posicion Notes to the Financial Statements
HOLY TRINITY PARISH CHURCH KENDAL FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 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 Parochial Church Council Clergy membets The Revd Canon Shanthi Thompson The Revd Ashley Henderson The Revd Anne Underwood (resigned 30th January 2025) Churchwardens Richard Forsyth Ann West lan Fishwick (from 26ih May 2024) Deonery Synod membets Joan Carnaffin (from 26th May 2024) Janet Thompson (from 26th May 2024) Elected members Paul Arnold David Aspinall The late Norma Bates (Vice Chair) (resigned 26th May 2024) Janet Henderson (PCC Secretary) (from 26th May 2024) Stephen Lockwood (from 26th May 2024) Chris Magee Beverley Moore (resigned 26th May 2024) Graeme Moore Anita Peat Helen Platts (Treosurer) Lucy Varney (from 26th May 2024) John West (from 26th May 2024) Kate Wright (resigned 20th January 2024) Accountants Lamont Pridmore (South Cumbria) Ltd 136 Highgate, Kendal LA9 4HW
MEMBERS, ANNUAL REPORT Objectives The primary objective of Holy Trinity PCC is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The PCC has the responsibility of co-operating with the Vicar, in promoting within the ecclesiastical parish the whole mission of the church - pastoral, evangelistic, social and ecumenical. The Revd Shanthi Thompson is the Vicar. In developing the church's aims and objectives, we have considered the Charity Commission's guidance on public benefit and in particular the specific guidance given to charities for the advancement of religion. Kendal Parish Church shares the Diocese of Carlisle's Vision and seeks to grow God's Kingdom in Cumbria by working with our Ecumenical partners to Follow Doily - helping each other to follow Jesus more closely. Care Deeply - 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 Tread Gently - protecting God's creation. seeking to sustain and renew the life of the earch. In all we do, in prayer and worship, in welcome and service and in pastoral care and outreach, we seek to embrace this vision and watch for signs of the growth of God's Kingdom. Our mission is to be a welcoming Christian community serving the people of Kendal. Our Achievements in 2024 Under the leadership of our churchwardens Ann West, Dick Forsyth and lan Fishwiclc and our PCC we have had 2 fruitful and busy year. As new people join our church family so the number of people volunteering their time and talents to the upkeep and outreach of the church grows. This enables us to both reach out in love and mission from the church and maintain our beautiful building. Our KCT 1000 project - Kendal Church ond Town l 000 years of shared history is gathering momentum. This will enable us to restore our church building (we are on the Historic England's Heritage at Ris1< Register) and open up our church to many new activities. We are also focusing on mission and outreach headed up by our Leading Your Church into Growth group. Prayer is behind all we do and as well as gathering for corporate prayer, members of the church use our monthly Prayer Calendar and Lent and Advent books to pray privately for the needs of the church. the world and its people. We continue to invice ochers to join us in our bimonthly Prayers for Peace and some members atcend the prayer meeting before Town Council meetings. Prayer also remains accessible for all with hundreds of names and requests being added to the prayer tree and prayer chain each year. Our choir and Kendal Choristers work hard and lead our worship beautifully. Both are attracting new people and they are tackling new pieces to help us praise God in worship of many styles. We are grateful for the work of Jonathan Bielby, our Director of Music, and Andy Plowman, our Organist. Three members of Kendal Choristers were sponsored to attend Moreland Chorister Camp this year and thoroughly enjoyed it. The Gathering continues to evolve and embrace new ideas and styles including Café Church and Feast on the Fourth. a monthly Bring ond Share lunch which allows us 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 with them youth and enthusiasm and 2 willingness to join in and help serve coffee. We continue to celebrate the beauty of the Book of Common Prayer at our Sunday 8am and Thursday l 0.30am services as well as at Evensong.
MEMBERS, ANNUAL REPORT We are grateful to our miniscry team, lay and ordained. who worlc hard not just at our church but in churches around che area who need extra help. l am also thankful for the ministry of The Revd Ashley Henderson our Pastoral Minister. The Revd Rob McLellan, our curate, moved to St Thomas, Church to complete his curacy and the PCC supported Chris Magee as he began to discern a call to Reader ministry. There were 160 members on the Church Eleccoral Roll at the 2024 revision (2023 - 173). Our average Sunday attendance is 149 (2023 - 154). The Revd Anne Underwood, our Pioneer Ministerlcommunity Worker, works with others across che community and engages with young people across Kendal through the Detached Youth Work Project. Anne has built a great tram and works with Captain Hilary Borchwick (Salvation Army) and the Revd Kevin Huggett (URC) at the Salvation Army Hall running the Connect Café, which has an emphasis on wellbeing and support. We said goodbye to the Revd Michelle Woodcock, our Children and Family worker, who took up the post of Priest in Charge of the Beacon Team during 2024, and were delighted to appointed Inese Vaivode in her place. Inese has embraced her new role with enthusiasm and energy and continues to run Messy Church, Lunch Club at Vicarage Park School. Sunday children's work with the Revd Jane Markby and to assist with our choristers. In the summer we ran Wonderzone Holiday Club for primary-aged children. welcoming new children to our church family. The Revd Ashley Henderson and Beverley Moore, our Anna Chaplain, along with the Anna Friends nd volunteers support those in our community in parricular need, with visits, Pastoral services and prayer. The team regularly lead services of readings, hymns and prayers in five local care homes and take Holy Communion on occasions too. Care home residents along with activity coordinators. staff and family and friends, join the team for our monthly Tea Service. This short service of hymns, readings and prayers is open to all. It is particularly accessible for those living with dementia and is appreciated by all who attend. l am grateful for the time and dedication they put into this important part of our ministry and outreach. Thanks to the diligent work of Kendal Parish Church Environmental Action Group we were awarded a Bronze Eco Church Award and are working towards the Silver award. Our volunteer Welcomers, under the leadership of the Revd Howard Smith and Anne Smith, ensure visitors and pilgrims find a warm welcome at Kendal Parish Church during the week. Coffee and Cake continues to attract regulars and visitors and provides a friendly atmosphere and a place to meet friends. During the school holidays we ensured there were activities in church with which families could engage, These were well used and the feedback was encouraging. We engaged with Heritage Open Days and welcomed many people from the local community to enjoy the varied displays and activities we laid on. Music is a much-loved feature of life at Kendal Parish Church and Andy Plowman has continued to arrange our series of lunch-time organ recitals. These fundraising concerts have now become 2 regular social event for our church and our community. The concerts are enthusiastically supporced and feature recitalists. many of whom travel from other parts of the country. All monies donated at these recitals go into the organ restoracion fund. In 2024, we were able to hold 19 concerts, raising over £3.000 towards our organ renovation fund. On Passion Sunday the choir, with invited guests, performed Jonathan Bielby's Seven Last Words, to great acclaim. Our Christmas Tree Festival this year had over 30 charity trees, all decorated with the theme In the Forest displaying amazing creativity. There was a large number of visitors of all ages from the town and further afield. raising over £7,000 for local charities. We hosted Carol Services for our local
MEMBERS, ANNUAL REPORT schools and organisations and our Christmas services were well atcended. With the generosity of our regular givers we have been able to support Christian Aid, the Kendal Debt Centre and the work of our new CMS Mission Partners who are working in East Asia. We are grateful to The Kirkland Trust which generously provide5 financial support for major restoration projects. This year the All Hallows Trust was wound up and the remaining funds transferred to a restricted fund in the church accounts. Since the closure of the All Hallows Church in 2002 the Trust ha5 granted £250,000 to SLbpport a range of fabric restoration and other projects at Holy Trinity. The Friends of Holy Trinity continue to support the work of the church with financial support for a range of projects including cleaning chLrrch vestments and sending the choristers to camp. We continue our ministry to che town of Kendal and the surrounding area and our Remembrance Service was well attended by uniformed organisations and the community. We also welcomed our Mayor and Councillors to our annual Mayor's Service in July. Our work in the Helm Mission Community, with the parishes of Crosscrake, Natland. New Hutton 2nd Old Hutton. the United Reformed Church and the Salvation Army, continues to develop as does our engagement with the other churches across the Kendal Mission Area. Together we support the work of the Kendal and District Debt Centre, both prayerfully and financially. We are delighted that in September 2024 we were awarded initial funding of £219.424 by the National Lottery Heritage Fund for our KCT1000 project, to help us develop proposals for significanc restoration work to the church building and other exciting improvements, We were paid 50/0 of this grant - 1109,712 - in 2024. We are currently working on detailed proposals for a delivery grant to be submicted in 2026. This will enable us to carry out repairs to the tower and the Bellingham Chapel Roof. We also want to open up the outer aisles of the church. install automatic glass doors in the porch, a ramp at the main West doors and underfloor heating. We are also exploring opportunities for community and visitor engagement. We are indebted to the gifts. experience and wisdom of the KCT 1000 Project Board Chair Paul Arnold and our Treasurer Helen Platts. Financial Review In 2024 total income was £430,124 (2023 £444,830) of which £188,515 (2023 £177,640) was unrestricted income and £241.609 (2023 £267,190) was restricted income. Total expenditure was £279,062 (2023 - £432,688) with unrestricted expenditure of £184,179 (2023 - £179,008) and restricted expenditure of £94,883 (2023 - £253,680). This resulted in an operating surplus on unrestricted funds of £4,336 (2023 a deficit of £1,368) and an overall surplus of £151,062 (2023 a surplus of £12.142) which was due mainly to the payment in advance of the Development Grant of £109,712 from the National Lottery Heritage Fund and the payment of the final donation from the All Hallows Trust of £30.115. The overall surplus for the year, taking into account the gain on investments was £155,957 (2023 £29,734). Thi5 comprised a SLrrplus on general funds of £6,538 (2023 - £8.034), a surplus on restricted funds of £147.436 (2023 - £15,236) and a surplus on endowment funds of £1,983 (2023 - £6,464). The church's total assets increased from £308,360 at the end of 2023 to £464,317 at the end of 2024. Of this, £139,276 (2023 £132.738) related to unrestricted funds, £249,736 to restricted funds (2023 £102,300) and £75,305 to endowment funds (2023 £73,322).
MEMBERS, ANNUAL REPORT Reserves Policy The reserves policy agreed by the PCC refleccs its responsibility for the financial security of the organisation and aims to.. accumulate an adequate level of funds to finance short-term reductions in income caused by unexpected event5, This currently stands at 9 months, operating expenditure. The aim is to maintain this at the current level. generate annual operating surpluse5 to build up further reserves to be utili5ed over che next 3-5 years to fund the programme of maintenance and repairs identified in the latest Quinquennial Inspection Review. invesc our free reserves to earn interest which can be used to offset future operating and capital expenditure. Investment Policy The PCC'S investment policy pursues a balance between risk and reward. All our investment assets are now in CBF Investment Trust Units or COIF Ethic31 Trust Units. The trust units are managed by CCLA Investment Management who pursue a socially responsible investment policy, which aims to restrict or prevent investment in companies whose main business interests are in landmines, cluster bombs and nuclear weapons, gambling, tobacco, alcohol, pornography. energy coal extraction or high interest credit. Structure, Governance and Management The Parochial Church Council (PCC) of Holy Trinity Parish Church Kendal is a corporate body established by the Church of England. Ic is part of the Diocese of Carlisle. The PCC operates under the Parochial Church Council Powers Measure 2nd is a charity registered with the Charity Commission. Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting in accordance with the Church Representation Rules. Each year the church encourages each attendee to register on the Electoral Floll and stand for election to the PCC. Training is provided as the need arises. There are three independent trusts which relate to the PCC: The Kendal (Kirkland) Trust (registered charity number 1176972) which administers the carpark which is held jointly by the trust and the Parish Hall Trust. The Parish Hall Trust (registered charity number 510761) which holds and administers the Parish Hall and along with the Kendal (Kirl<land) Trust holds the trusts, carpark. The Friends of Kendal Parish Church a charity which seeks to attract funding from those who value but do not necessarily attend the church. The All Hallows Kendal Trust (registered charity number 1096979) which held the net sale proceeds of All Hallows Church cogether with the final bank balances of that church in the form of investments for the benefit of Holy Trinity PCC, was wound up during 2024 and the final cash balances transferred to Kendal Parish Church.
MEMBERS, ANNUAL REPORT Committee5 and Groups The Standing and Finance Committee meets between full meetings of the PCC and is responsible for budgetary control, investment strategy. Christian stewardship renewal, remuneration policy and overseeing the maintenance and insurance of church property. The PCC has set up groups focused on the following. reporting back on a regular basis to the PCC: The Ministry Team The Building Development Group The KCT 1000 Project Board Kendal Parish Church Environmental Action Working Group (KEPCEA) World Mission Safeguarding The Children and Family Group. Principal Risks and Uncertainties The major risks to which the PCC is exposed have been reviewed and action is being taken to mitigate those risl<s. The key risks are: A lack of impact and engagement activities currently being undertaken. mitigated by the wide range of missional and worship Our financial sustainability - mitigated by actions taken each year to achieve a balanced budgec Safeguarding mitigated by the actions we are taking to implement the Church of England's Safeguarding policy. Fabric repair mitigated by the work of the Building Development Group and the work that is underway to develop a detailed bid for restoration of the Bellingham Chapel Roof and the Tower to the National Lottery Heritage Fund. Health & Safety- overseen by the PCC. IT Security - mitigated by our IT security arrangements. Data protection - mitigated by che steps we have taken to respond to GDPR requirements. The PCC has complied with the duty under section 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 respectful and enables safeguarding concerns to be raised and responded to openly, promptly and consistently. Carolyn Nicholson is the designated Parish Safeguarding Officer. The Parish Safeguarding Officer works closely with the Vicar and reports regularly to the PCC on safeguarding in the parish.
MEMBERS, ANNUAL REPORT Going Concern The PCC, having considered the church's current financial position and the budget for 2025 and the associated risks and assumptions, have identified no materi21 uncerraincies that may cast doubt about the ability of the church to continue as a going concern for at least twelve months after the signing of the accounts. Steps continue to be taken to ensure that a break-even operating budget is established to enable the church to maintain its current level of reserves and move to a position where ic is able to generate surpluses to fund future church renovation and developmenc projects. Future Plans There will be a lot of work to be done to secure the funding needed to restore and develop our building over the coming years but we are confident that with a commitment to faith, prayer and worship undergirding all we do, God will guide and direct us. The joys and challenges of life and ministry at KPC are many and are borne by a large number of people, with some working many hours to enable all that we 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 Spirit so that all we do will be to his glory and for the spreading of the Gospel. This Members, Annual Report was approved on I st May 2025 2nd 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 HOLYTRINITY PARISH CHURCH KENDAL YEAR ENDED 31 DECEMBER 2024 report on the financial stacements for the year ended 31,, December 2024, which comprise the statement of financial activities, statement of financial position and the related notes. Respective responsibilities of members and examiner The members are responsible for the preparation of the financial statements. The members consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the 201 l Act to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 201 l Act., and to state whether particular matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kepc by the charity and a comparison of the accounts with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present 2 'true and fair view. and the report is limited to those matter5 set out in the next statement. A description of the scope of an audit of financial statements is provided on the Financial Reporting Council's website at www.frc.org.uldauditscopeukprivate. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respecc of the charity as required by section 130 of the Act,. or 2. the financial statements do not accord with those records. or 3. the financial statements do not comply wich the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts 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 with the examination to which atcention shouSd be drawn in thi5 report in order to enable a proper understanding of the acco to eac Karl Burrell FCCA, MAAT For and on behalf of Lamont Pridmore (South Cumbria) Ltd Independent Examiners 136 Highgate Kendal Cumbria LA9 4HW
HOLY TRINITY PARISH CHURCH KENDAL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Endowment funds 2023 Total Unrestricted funds Restricted funds Total Notes Income and endowments Voluntary income Grants 140,238 28,816 8,934 4,165 5,231 1,131 188,515 9,638 218,946 400 149,876 247,762 9,334 8,089 5,231 9,832 430,124 133,554 267,189 6,619 6,633 4,677 26,158 444,830 Activities for generating f unds Income from investments Church activities 1,837 2,087 Other income Total Income 8,701 239,522 2,087 Expendlture Church activities Total expendlture 432,688 432,688 184,179 92,796 2,087 279,062 Net Income before transfer 4,336 146,726 151,062 12,142 Tranfers Gross transfers between funds - in Gr05S transfer between fund out 60 340 400 13401 1601 14001 Other recognised galns and losses Net gaifis/llossesl on investment assets Net movement In fund5 2,482 6,538 430 1,983 1,983 4,895 155,957 17,592 29,734 147,436 Prior year adjustment 109 Total funds brought forward 132,738 102,300 73,322 308,360 278,517 Total funds Carrled forward 139,276 249,736 75,305 464,317 308,360 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. Notes I to 16 form part of these financial statements. 10
HOLY TRINITY KENDAL PARISH CHURCH STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2024 2024 Endowment Fund5 2023 Total Unrestricted Funds Restricted Funds Total Notes Flxed asset$ Investments 110.945 19,207 74,248 204.41K) 199,505 Current as5etS Debtor5 Cash at bank and In hand 10,786 24,816 35.602 950 11,736 262,842 274.578 2Z.213 99.168 121,381 236,969 237.919 1.057 1,057 Credltors.. amounts fallSng due wlthin one year Net current assets 7.271 28.331 7,390 230,529 14.661 259.917 12,526 108,8S5 1,057 Total asse15 less current Ilabllities 139,276 249,736 75,305 464,317 308,360 Fund$ of the charlty Unrestricted funds Restricted funds Endowment funds 139,276 139,276 249,736 75,305 464,317 132.738 102.300 73,322 308.360 249.736 75,305 75,305 Total charlty funds io 139,276 249.736 Notes I to 16 form part of these financial statements. The accounts on pages l O to 20 were approved by the board of trustees and authorised for issue on l si May 2025 and are signed on its behalf by: The Revd Shanthi Thompson Chair Helen Platts Treasurer
HOLY TRINITY PARISH CHURCH KENDAL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (a) Basis of preparation These financial statements have been prepared in accordance with the Church Accounting Regulations 2006, the Charities Act 201 l and the requirements of the Statement of Recommended Practice Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland. (FRS 102). The accounts include all 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 inform21 gatherings of church members. (b) Accounting convention The financial statements have been prepared under the historic cost convention except for the valuation of investment assets which are shown at markec value. Income and expenditure are ccounted for on the accruals basis. (c) Going concern There are no material uncertainties about the church's ability to continue. (d) Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience 2nd other factors, including the expectations of future events that are believed to be reasonable under the circumstances. (e) Fund accounting Endowment funds are funds, the capital of which must be maintained,. only income arising from investment of the endowment may be used either as restricted or unrestricted funds depending upon the purpose for which the endowment was established. Restricted funds represent.. income from trusts or endowments which may expended only on those restricted objects provided for in the terms of the trust or bequest, and donations or grants received for a specific object or invested by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the year-end must be carried forward as a balance on that fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis. Unrestricted funds are general funds of the PCC that are not subject to any restrictions regarding their use and are available for PCC ordinary purpose5. Funds designated for a particular purpose by the PCC are also unrestricted.
HOLY TRINITY PARISH CHURCH KENDAL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 (fj Incoming resources Planned giving receivable under Gift Aid is recognised only when received. Income tax recoverable on Gift Aid donations is accrued for in line with the accounting period in which the related donations were made. Collections and donations are recognised when received by, or on behalf of. the PCC. Grants and legacies to the PCC are accounted for a5 soon as the PCC is notified of its legal entitlement. the amount due is quantifiable and an inflow of economic benefit is probable. Dividends and interest are accounted for when receivable. All other income is recognised when it is receivable. All incoming resources are accounted for gross. (g) Resources expended The Diocesan Parish Share is accounted for when due. Grant5 2nd donations are accounted for when paid over or when awarded, if an outflow of economic benefit is probable. Amounts received for a specific missionary project are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross. (h) Fixed assets Consecrated and benefice property of any kind is excluded from the accounts by s. l 0(2)(2) and (c) of the Charities Act 2011. Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property unless consecrated. They are listed on the church's inventory which can be inspected at any reasonable time. For inalienable property acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Depreciation is provided on all equipment used within the church premise5 $0 as to write off the cosc of valuation less residual value over its expected life as follows: office equipment: on a straight-line basis over 5 years computer equipment is depreciated at 40% per annum on a reducing balance basis. Individual items of equipment with a purchase price of £ 1,000 or less are written off when the asset is acquired. The application of these policies means there are currently no fixed assets valued in the financial statements. (i) Current assets Amounts owing to the PCC at 3 1st December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove inalienable. Short-term deposits include cash held on deposit either with the CBF Church of England Funds or at Barclays Bank. li) Investments Investments are valued at market value on 31 st December.
HOLY TRINITY PARISH CHURCH KENDAL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Income 2024 Endowment funds 2023 Total Unrestrlcted funds Restricted funds Total Income and endowments Voluntary income Planned giving Collections Contactless Giving other donations 82,330 9,964 6,664 11,015 7,862 22,403 140,238 630 82,960 9,964 8,329 17,641 7,862 23,120 149,876 82,124 7,435 5.986 9,090 6,192 22,727 133,554 1,665 6,626 Church boxes Tax recoverable on Gift Aid 717 9,638 Grants Grants - recurring Grants - one off 27,345 1,471 28,816 1,200 217,746 218,946 28,545 219,217 247,762 26,545 240.644 267,189 Activit5es for generatlng funds Fundraising Use of church 1,062 7,872 8,934 400 1,462 7,872 9,334 4,094 2.525 6,619 400 Income from Investments Dividends 3,551 614 2,087 5,638 2,451 8,089 5,032 1,601 6.633 Bank and CBF Interest 1,837 1,837 4,165 2,087 Income from church actlvltles Fees - weddings and funera15 5,231 5,231 5,231 5,231 4,677 4,677 Other Income Sundry income 1,131 1,131 8,701 8,701 9,832 9,832 26,158 26,158 Total income 188,515 239,522 2,087 430,124 444,830 14
HOLY TRINITY PARISH CHURCH KENDAL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Expenditure 2024 Endowment funds 2023 Unrestricted funds Restricted funils Totsl Total Ministry: diocesan parish share other minlstry costs Worship Music Church running and maintenance Major repairs Administrative costs Children a nd Young People Charitable glving Other 67,839 8,493 1.465 22,088 32,285 67,839 16,017 1,465 27,207 32,350 47,597 58,633 3,718 1,355 22,881 279,062 65,475 9.255 1,848 16,603 57,740 173.452 33,212 10,729 2,464 61,910 432,688 5,437 2,087 5,119 65 47,597 10,602 3,718 48,031 1,355 2,623 184,179 20,258 92,796 2,087 Independent examination fee 2024 2023 Fees payable to the independent examiner 1,956 1,956
HOLY TRINITY PARISH CHURCH KENDAL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Staff costs 2024 2023 Total Staff Costs Gross Sa laries 67,845 70,348 2024 2023 Number of staff Pa rish Admin istrator Vicar's PA Children's Worker Pastoral Care Worker Cleaners Music Director Church Organist Pioneer Minister The average headcount of employees during the year was 8.4 (2023 - 9.0). No employee received employee benefits of more than £60,000 during the year (2023 - nil). Trustee remuneration and expenses The Revd Ashley Henderson, an ex officio member of the PCC, has been partly remunerated from the PCC'S Assistant Clergy Restricted Funds in respect of his role as a part-time Pastoral Care Worker. His total remuneration for 2024 was £12,109 (2023 - £11,998), of which £8,932 (2023 £8,507) was for the role and part-time P2storal Care Worker, 2nd £3,177 (2023 £3,491) was fees for conducting funeral and other services, funded out of services fees. Janet Henderson, the Revd Ashley Henderson's partner, was employed as a part-time Parish Administrator for the whole of 2024. Her total remuneration for 2024 was £12.462 (2023 £11.583). During 2023, no expenses for travel and subsistence were paid to the Revd Shanthi Thompson (2023 - £74) given that she received a grant direct from the Yeats Fund to cover her personal expenses. In 2024 £140 (2023 £138) was paid to the Revd Rob McLellan. A number of PCC members have acted as agents of the PCC and made approved purchases on its behalf. Such expenditure is not personal to the trustee concerned, and as they are not personal expenses need not be disclosed in the annual accounts. 16
HOLY TRINITY PARISH CHURCH KENDAL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Investments Unrestricted funds Restricted funds Endowment lund5 Total 2024 Total 2023 Investments at market value I january 2024 Net Increase on revaluation Investments at market value 31 Deiember 2024 108,463 2.482 110,945 18.777 430 72,265 1.983 74.248 199.505 4,895 204,400 181.913 17,592 199.505 19,207 All investments shown above are held at valuation on 31 st December. The MW Will<inson Bequest was originally for general purposes and is invested in the CBF Fund. At the end of 2022 a proportion of this investment, with a total value of £17.149, was transferred to the Organ Renovation Fund to compensate for the drawdown of cash from the Organ Renovation Fund bank account to fund general activities. The investment had a total value of £130,151 ac 31 st December 2023 (2023 - £127,240) of which £ 110,945 was allocated to Unrestricted Funds (2023 £108,463) and £19,206 to the Organ Renovation Fund (2023 £18,777). Endowment investment funds of £74,248 were held at 315t December 2024 (2023 £72,265). These comprised the following: Assistant Clergy Endowment Fund - £73,595 (COIF Income Fund) Organist's Stipend Fund £653 (E Nicolson Bequest COIF Income Units) Debtors 2024 2023 G ift Aid VAT Refund 10,382 10,092 8,413 2,099 1,609 22,213 Grants Sundry 1,354 11,736 Liabilities 2024 2023 Amounts falling due within one year.. Utitilities Ch ristmas Tree Festiva I Other creditors Independent examiner's fee 2,791 7,426 2,488 1,956 14,661 3,198 5,573 1,895 1,860 12,526
HOLY TRINITY PARISH CHURCH KENDAL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 10 Funds Unrestricted Funds Restricted Funds Endowment Funds 2024 2023 Balance at I january 2024 Incoming Resources Resources expended Investment gains Prlor year adjustment Transfer between fu nds Balance at 31 December 2024 132,738 188,515 1184,1791 2,482 102,300 239,522 192,7961 430 73,322 2,087 12.0871 1,983 308,360 430,124 1279,0621 4,895 278.517 444,830 1432,6881 17,592 109 12801 139,276 280 249,736 75,305 464,317 308,360 Restricted funds- these comprise the following balances.. 2024 2023 KCTIOOO Development Project Organ Renovation Major Repairs IAII Hallows Trust) Children and Young People Chorister Fund Anna Chaplaincy Wellbeing Café Border Regiment Chapel Tower Fund Thomas Haslam Belfry Account Detached Youth Work Ch ristmas Tree Festiva I Baby/Toddler Group Choir Music Fund D Shaw Memorial Fund (for music) Bibles Flower Fund 109,624 80,452 30,115 9,811 6,679 3,917 3,007 1,245 965 619 798 597 563 551 520 273 71,943 10,289 4,929 5,231 3,130 1,245 825 619 819 519 919 868 520 379 65 249,736 102,300
HOLY TRINITY PARISH CHURCH KENDAL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 I I Summary of assets by fund Unrestricted Funds Restricted Funds Endowment Total Funds Funds 2024 2024 Investments 110,945 35,602 17,2711 139,276 19,207 237,919 17,3901 249,736 74,248 1,057 204,400 274,578 114,6611 464,317 Current assets Creditors less than l year Net assets 75,305 Insurance 2024 2023 Buildings and contents Public and Prodicts Liability Employer's Liability Theft by ch u rch off icia Is Legal expenses 36.4M IOM 36.4M IOM IOM 10,000 250,000 IOM 10,000 250,000 13 Quinquennial inspection The church's Quinquennial Inspection Review took place in 2021. A range of priorities for fabric repair were identified on which the PCC continued to act in 2024. 14 Related party transactions During the year the PCC received a donation of £24,270 (2023 £23.670) from The Kend21 (Kirkland) Trust and from the Parish Hall Trust from the proceeds of car parking. In 2024 The Kendal (Kirkland) Trust made grants of £54,813 (2023 £190,496) towards the costs of repair of the pinnacles and the porch. fundraising costs and various buildings surveys as the basis for the preparation of the bid to the National Lottery Heritage Fund for the KCTI 000 project. A further £1,200 (2023 - £1,200) was paid by The Kirkland Trust towards the costs of children's work and £ 1,000 (2023 £1,000) in recognition of administrative support provided. The All Hallows Kendal Trust (registered charity number 1096979) which held the net sale proceeds of All Hallows Church together with the final bank balances of that church in the form of investments for the benefit of Holy Trinity PCC. was wound up during 2024 and the final cash balances of £30,115 transferred to Kendal Parish Church. 19
HOLYTRINITY PARISH CHURCH KENDAL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Future liabilities There were no contingent liabilities at the year-end and no contracts for major works had been placed. The quinquennial inspection report has shown that major repairs are required to the fabric of the church over the next five years including substantial repairs to the roof of the Bellingham Chapel, and also to the tower and the Willis organ. During 2024, the National Lottery Heritage Fund awarded a Development Grant to support work on detailed proposals for a major restoration and re-ordering project to address these issues and to develop the church to enable greater community engagement and heritage displays. Other donations given by the church In addition to the gifts and donations shown in the accounts, during the year £8,342 (2023 - £6.734) was collected at funerals and special services 2nd was passed on to various charities. A donation of £600 (2023 - £600) was made to the Kendal and District Debt Centre, of £505 to the Church Mission Society {2023 - £500), and of £250 to sprinle1d Kendal, as parc of the Big Give Initiative. 20