##
##
|Information|||||||||
|---|---|---|---|---|---|---|---|---|
|Charity details|||Charity registered|number||1133764|||
|Registered||Name|The Parochial Church||Council of the|||Ecciesiastical Parish|
||||of Holy Trinity Sutton||Coldfield||||
|Officers of|the PCC||||||||
|Rector|||Rev John Routh||||||
|Warden s|||Mrs Ros Dyke||||||
||||Mr Colin lngley||||||
|Treasurer|||Mr BN Bickerstaff||||||
|Secretary|||Mrs Margaret
Le Brocq||||||
|Church Address|||Parish Church of|Holy|Trinity Sutton|||Coldfield|
||||Church
Hill||||||
||||MN Street||||||
||||Sutton Coldfield||||||
||||B72 1TF||||||
|Office Address|||The Trinity Centre||||||
||||Mill Street||||||
||||Sutton CoidAeld||||||
||||B72 1TF||||||
|Independent|ExamIner||Zoe Walsh FCCA||||||
||||Burrows Scarborough||Chartered||Accountants||
||||(incorporating
Harwoods|||Chartered||Accountants)|
||||1 Trinity Place||||||
||||Midland
Drive||||||
||||Sutton Cohtield||||||
||||B72 1TX||||||
|Bankers|||HSBC PLC||||||
||||67The Parade||||||
||||Sutton Coldfield||||||
||||B72 1PU||||||
|Investment|managers||Birmingham
Diocesan||Board of||Trustees||
||||1 Colmore Row||||||
||||Birmingham||||||
||||B32BJ||||||
||||CCLA Investment|Management|||Ltd||
||||The CBFChurch|of England Funds|||||
||||Senator House||||||
||||85 Queen Victoria Street||||||
||||London||||||
||||EC4V4ET||||||
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||||Unrestricted
Funds|Designated
Funds|R~
Funds|E~
Funds|TOTAL
2020|FUNDS
2019|
|---|---|---|---|---|---|---|---|---|
|||||||g|||
|Donations
and|legacies|2a|128,731|21,537|8,411||154,879|167,994|
|Charitable
activities|||4,852|567|3,974||9,393|28,241|
|Other trading activities|||140|12,171|0||12,311|51,963|
|Investments||2d|1,825|3,150|||4,975|5,242|
|TOTAL|||133,548|37,425|10,385||181,358|253,440|
|EXPENDITURE ON:|||||||||
|Raising funds||3a|0|0|1,316||1,316|5,884|
|Charitable
Activities||3b|130,369|49,325|11,348||1S1,042|232,025|
|TOTAL|||130,369|49,325|12,664||192,358|237,909|
|NET INCOMEI(EXPENDITURE)|||||||||
|RESOURCES|||3, 'I 79|(11,900)|(2,279 )||(11,000)|15,532|
|Transfers
between
funds|||0|11,173|(11,173)||||
|GAINS/(LOSSES)|ON INVESTMENT|ASSETS|||||||
|Unre elised|||0|16,492|1,942|1,956|20,390|41,562|
|NET MOVEMENT|IN FUNDS||3,179|15,765|(11,510)|1,956|9,390|57,094|
|RECONCILIATION|OF FUNDS||||||||
|Total funds brought|forward||2,741|369,830|67,824|28,326|468,721|411,627|
|Total funds carried|forward||5,920|385,595|56,314|30282|478 111|468,721|
##
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|Consecrated
building
and re-ordering|||||||
|---|---|---|---|---|---|---|
|Consecrated
and beneficed property was excluded from the Accounts
by s.96(2) ofthe Charities Act 1993.
Other current
legis/ation
requires
heritage assets to be included atcostor valuation
unless
itisimpr~ or|||||||
|not cost-effective to do so
PCC has foIIowed advice from Diocesan|Finance Officers that the|||church should|||
|be treated as a consecrated
buiiiing rather than a heritage asset. Soexpenditure|||on the febnc|of the buficfing|||
|is not capitalised.|||||||
|Expenditure
on furniture
and a new (moveable)
organ console is capitalised.|||||||
|Unconsecrated
buildings|||||||
|The cost ofland attributable
to property
is not depreciated.
Other property
is depreciated
on a straight
line|||||basis||
|over the esfimated
fife ofthe asset as follows:|||||||
|Freehold buildings||||50years|||
|Other Fixtures,
Fittings and Office Equipment.|||||||
|Organ console and related loudspeakers
- purchased
in 2017.||||15years|||
|Fixtures and equipment
acquired as part ofthe development
ofthe Trinity Centre|||||||
|is written
off over||||15years|||
|Subsequent
additions
are written
off over||||5-10years|||
|Moveable furnishings
for the reordering
willbe written offover||||5-15years|||
|Parish office expenditure is written
offover||||3-5years|||
|Individual
items efequipment
or fixtures costing less than 2750are written offas||incurred and||are not capitalised.|||
|Impairment
ofassets|||||||
|From time to time the PCC consider the carrying
value ofassets held|by the PCC||and whether|their value|in the||
|accounts is a true reflection of their continued
value to the PCC. Ifthe|PCC considers that the value has been||||||
|impaired
an adjustment
is made to the value ofthose assets.|||||||
|Investments
and Investment
gains:|||||||
|Investments
are valued at fair value using the bid market value at the|year end.|Any unreatised||gains are|||
|recognised
in the Statement of Financial Activities, as are any realised|gains on disposals.||||||
|Net Current Assets|||||||
|Investments
- Money Market|||||||
|Current. assert investments
are short term highly tiquid investments. and.are held||at fair value. These include cash|||||
|on deposit and cash equivalents
with a maturtty ofJess than one year.|||||||
|Debtors and creditors
—within one year|||||||
|Debtors and creditors with no stated interest rate and receivable or payable
within|||one year are recorded at||||
|transaction
price. Any losses arising from impairment
are recognised|in expenditure.||||||
|Provisions|||||||
|Provisions
are recogntsed
when the charity has an obligation
at the balance sheet|||date as a result ofa past event.||||
|lt is probable
that an outflow ofeconomic benefits
wilt be required
in settlement
and the amount can be reliably|||||||
|estimated,|||||||
|Other matters|||||||
|Employee benefits|||||||
|When employees
have rendered
service to the charity, short term employee
benefits to which||||the employees||are|
|entitled are recognised at the undiscounted
amount expected to be paid in exchange for that service. The charity|||||||
|operates a defined contribution
plan for the benefit ofits employees.
Contrtbutians|||are axpensad as they become||||
|payabte.|||||||
|TBX|||||||
|The charity is an exempt charity within the meaning
of schedule 3ofthe Charities|||Act 2011 and is considered|||to|
|pass the tests set out in Paragraph
1, schedule 6, Finance Act 2010and therefore|||it meets the|definition ofa|||
|charitable
company for UK corporation
tax purposes.|||||||
|Going concern|||||||
|The financial statements
have been prepared on a going concern basis as the uustees believe||||that no material|||
|uncertainties
exist. The trustees have considered
the level offunds held and the||expected level. of income|||and||
|expenditure
for 12months
from authorising
these financial
statements.|The budgeted
iricome and expenditure|||||is|
|sufficient with the level of reserves for the charity to be able to continue as a going|||concern.||||
##
|||||||Unrestricted|Designated|Reslricted|Reslricted|Endowment|TOTAL|FUNDS|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Funds|Funds|Funds||Funds|f020|2019|
|||||||||g||g|||
|2INCOME AND|ENDOWMENTS||||FROM:||||||||
|2a Donations
and legacies|||||||||||||
|Planned giving:|||||||||||||
|Free IIINI Offering||||||86,388|||||86,388|90,353|
|Tax refunds
Collections|on Covenants|||and|gift aid|19,317
1,225|||||19,317
1~5|21,415
6,447|
|Subtotal||||||106,930||||0|106,930|118/15|
|Other giving:|||||||||||||
|Donatiom;|||||||250||866||1,422|5;183|
|Bequests|||||||11,000||||11,000||
|Grants||||||17,652|10,144|5,508|||33,304|36,548|
|Gift aid on donations|||||||||37||37|851|
|Contrtbugon|from group churches||||||||||||
|Other Income|||||||||||1,986||
|||||||126737|21 537|~671||0|154579|11!7994|
|2b Income from|charitable||activities||||||||||
|Magazine sales||||||2,874|||||2,874|1317|
|Fees||||||1,978|||||1,978|6,807|
|Letdng ofbuildings:||church||groups|||||||567|1,580|
|Fund raising|events|||||||3,974|||3,974|18,637|
|||||||4,852|897|3|074|0|9393|28241|
|2cOther trading|activities||||||||||||
|Letting of buildings:||third parties||||140|12,171||||12,311|51,963|
|||||||140|12 171|||0|12311|51983|
||||||||3,150|||||5,242|
|||||||1,825|3,150|||0|4975|5242|
|TOTAL INCOMING RESOURCES||||||133,548|37,425|10|385|-|181358|253 440|
|Prior year 5guresr|||||||||||||
|2a Donations
and legacies||||||129,526|32,574|5,894||0|167,994||
|2b Income from|charitable||activies|||9,604|0|18,637||0|28/41||
|2c Other trading|activIes|||||0|51,963||0|0|51,963||
|2d Investments||||||1,778|3,464||0|0|5/42||
|||||||||||0|253,440||
##
|||||Unrestricted|Designated|Restricted|Endowment||TOTAL|FUNDS|
|---|---|---|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Funds|Funds||2020|2019|
||||||||F||R|rI|
|3 EXPENDITURE GN:|||||||||||
|3aRaising Funds|||||||||||
|Friends events||||||1,316|||1,3'le|5,664|
||||||0|1,316||0|1,31B|5,884|
|3b Charitable
Activities|||||||||||
|The Ministry|||||||||||
|Dioceam Common||Fund||68,775|||||68,775|72,05'I|
|House expenses|&agowances|||7,03'I|||||7,031|8,595|
|The Church
& Perish Expenses|||||||||0|0|
|Administration-staff||||22,225|19,943||||42,168|44,451|
|Administration-other||||4,883|||||4,663|8,376|
|Independent
examiners|||fees|1,580|||||1,580|1,500|
|Worship||||4,093|||||4,093|4,752|
|-Buildings
running|costs|||13,871|||||13,871|20,837|
|Fvent costs||||98|||||98|598|
|Groups and activities||||1,550|||||1,550|2,-446|
|The Trinity Centre||expenses||3,121|9,233||||12,354|24,363|
|Heritage Project expenses||||||11,348|||11,348|9,071|
|Buildings costs|||||||||0|0|
|Depreciation
of assets||||759|11,635||||12,394|12,703|
|Church Fabric Maintenance|||||4,763||||6,697|1f,950|
|Costs associated|with reordering||||||||0|0|
|Trinity Centre Maintenance|||||3,751||||3,751|1.1,229|
|Grants|||||||||0|0|
|Donations to charity|||||||||869|1,105|
|||||130,369|49,325|11,348||0|191042|212025|
|TOTAL-RESOURCES|EXPENDED|||130,369|49.325|12;664||0|192,358|237,909|
|Prior year figures:|||||||||||
|3a Raising Funds||||0|0|5,884||0|5,884||
|3b Charitable
Activities||||150,828|63,246|17,951||0|232,025||
|||||150,828|B3,246|23,835||0|237,909||
##
##
##
||FREEHOLD||||
|---|---|---|---|---|
||PROPERTY|EQUIPMENT||TOTAL|
||Trinity||The Trinity||
||Centre|Church|Centre||
|Jttcost|||||
|Balance 1 January 2020|873,466|166,768|286,153|1,326,387|
|Additions|||5,044|5,044|
|Disposals|||||
|Balance 31 December 2020||166,768||1,331,431|
|Depreciation|||||
|Balance 1 January 2020|121,743|74,808|272,994|469,545|
|Charge for period||9,122|3,272|12,394|
|Oispusats|||||
|Balance 31 December 2020|121,743|83,930|276,266|481,939|
|Impairment
ofassets|||||
|Baiance 1 January|||||
|and 31December 2020|751,723|||751,723|
|Net BookValue|||||
|At31 December 2020||112,838|14,93'I|97,769|
|At 31 December 2019||91,960|13,159|195,119|
##
|At 1 January 2020|||||||||251,913|
|---|---|---|---|---|---|---|---|---|---|
|Revaluation
- unrealised||gains|||||||20,390|
|- unrealised||losses||||||||
|At 31December 2020|||||||||272,303|
||||||Cost||Market|2020|Market|
|||||No of
Shares|at
31-Dec-20|Surulus|Value
31-Dec-20|Surplus/
~icit|Value
31-Dec-19|
||||||||F|F|f.|
|Designated
funds||||||||||
|Renewal
Fund||||||||||
|Church of England
Investment
Charinco
Income Fund|||Fund ( )|4,825|7,034
2,650|91,621
1,866|98,655
4,516|6,372
147|92,283
4,369|
|Church of England|Investment||Fund (")|221|136|4,272|4,408|285|4,123|
|Trinity Centre Maintenance||||||||||
|Church ofEngland|investment||Fund (')|2,1D4|3D,ODD|74,382|104,382|9,688|94,694|
||||||39,820|172,141|211,961|18,492|195,469|
|Restricted Fund||||||||||
|Assistant
Curates Fund||||||||||
|Church ofEngland|Investment||Fund (*)|1,507|925|29,135|30,060|1,942|28,118|
|Endowments||||||||||
|Clara Fowler Charity||||||||||
|Church ofEngland|Investment||Fund (")|1,481|1,678|28,604|30,282|1,956|28,326|
|Total at 31 December|2020||||42,423|229,880|272,303|20,390|251,913|
|At 31 December 2019|||||42,423|209,490|251,913|||
|9 FUNDS||Unrestricted|Designated|Restricted|Endowment||
|---|---|---|---|---|---|---|
|||Funds|Funds|Funds|~Fds|TOTAL|
|Restricted/Endowment
funds|||||||
|held
in investments|||||||
|Dsrs Fow/er endowment|||||30+82|30+82|
|Assistant Curates Fund||||30,060||30,060|
|Unresbicted
Fund|||||||
|income 8 Expenditure
AK (Note 11)||5,920||||5,920|
|Other Funds - Designated/Restricted|||||||
|Renew@ Fund (Note 12)|||241,396|0||241,396|
|Fabric Fund (Note 13)|||43,605|22,348||65,953|
|Trinity Centre Opersbng
Fund (Note 14)|||953|0||953|
|Trln/ty Centre Maintenance|Fund (Note 15)||99,641|0||99,641|
|Friends of Holy Tnnfty (Note
Heritage Project (Note 17)|16)|5,1128|0
0
885585|3,906
0
58
14|"8282|3,906
0
478 '111|
|ANALYSIS OF NET ASSETS|||||||
|Fixed Assets - Investments||0|211,961|30,06Q|30,282|272,303|
|Fixed Assets - Tangible assets||1,517|96,252|0|0|97,769|
|Current Assets||33,689|87,034|5,751||126,474|
|Current
Liabilities||(14,768)|(2,508)|(1,159)||(18,435)|
|LiabiMies due after more than one year|||||||
|Inter-fund
Balances||(14,518)|(7,144)|21,662|||
|Total||5,920|385595|56,314|30,282|478 11'I|
|Prior yeer figures|||||||
|RestrictedfEndowm
ent funds|||||||
|held in investments|||||||
|Clara Fowler endowment|||||28,326|28,326|
|Assistant Curates Fund||||28,118||28,118|
|Unrestricted
Fund|||||||
|income 8 Expenditure
A/C|(Note 11)|2,741||||2,741|
|Other Funds - Designated/Restricted
Renewal Fund (Note 12)
Fabric Fund (Note 13)
Trinity Centre Operating
Fund (Note 14)
Trinity Centre Maintenance
Fund (Note 15)
Friends of Holy Trinity (Nots 16)
Heritage Project (Nate 17)|||222,398
43,354
2,547
101,529
0
Q|0
27,112
0
0
1,248
11,346||222,398
70,466
2,547
101,529
1,248
11,346|
|Rounding|||2|||2|
|Total at 31stDecember 2019|||389,830|67,824|28326|488,721|
|Analysis of Net Assets
Fixed Assets - Investments||0|195,469|26,118|28,326|251,913|
|Fixed Assets - Tangible assets||2,276|102,843|0|0|105,119|
|Current Assets||22,006|79,302|24,800|0|126,108|
|Current
I iabiMies||(8,8'l2)|(4,087)|(1,520)||(14,419)|
|LiabiMies due after mere than ene year|||0||||
|Inter-fund Balances
Total at31stDecember 2019||(12729)
(3,697)
2741,
369,830||16,426
67,824|28,326|468,721|
|||||||||||2020||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||E||
|10|IFINANCIAL|INSTRUINENTS||||||||||
||The carrying|amounts
ofthe||charity's||financial||instruments|are as follows:|||
||Measured
at|fair value through|||net incorrje/expenditure:|||||||
||Fixed asset|investments|(note 6)|||||||272,303|251,913|
||Current asset investments|||||||||114,313|122,403|
|||||||||||386,616|3?4,316|
||Debt instruments
measured|||at amortised|||cost|||||
||Other debtors (note 7)|||||||||1,683||
|||||||||||1,683||
||Financial
liabilities mesaured||||at amortised||cost|||||
||Other creditors (note 8)|||||||||18,435|14,419|
|||||||||||18,435|14,419|
||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|
|||||||||F|
|11|INCOME||AND EXPENDITURE|||ACCOUNT|||
||INCOMING RESOURCES||||||||
||Planned||giving|||Free Will Offering|86,388|90,353|
|||||||Tax refunds
(giR aid)|19,317|21,415|
|||||||Cogections|1,225|6M7|
|||||||||118,215|
||Other Voluntary|||Income||Donations
&Grants||7,107|
|||||||Grants to assist with costs|||
|||||||during Covid-19 restrictions|12,902||
|||||||Bequests|||
|||||||Other income|1,843|4,204|
||Income|from Activities|||to|Fund Raising Events|||
||further|the PCC||obiectives||Church
roonl htre|'I40|1,580|
||and Activities forgenerating|||||Social/Other
events|||
||funds||||||140|1,680|
|||||||Fees|1,978|6,807|
|||||||Magazine
&book sales|2,874|1,217|
||income|from Investments||||interest and dividends|1,826|1,778|
||||||||133,548|140,908|
||EXPENDITURE||||||||
||Grants|||||Special collections and appeals-restricted|669|1,106|
|||||||Event costs|98|596|
||||||||767|1,701|
||Activities||relating to||the work|ofthe Church|||
||Clergy|housing||&expenses||Housing costs|4,989|5,819|
|||||||Expenses and allowances|2,042|2,776|
||Administration|||||Staff|22,225|21,992|
|||||||Office and Security|2,508|1,157|
|||||||Printing 8 Stationery|1,362|3,984|
|||||||Sundries|793|1,235|
|||||||Music including
organ 8 honoraria|2,760|3,815|
|||||||Other resources
inct requisites|1,333|937|
|||||||Contribution
to Ttie Trinity Centre costs|3,121|6,120|
||Buildings|||||Heat light and water|2,583|9,845|
|||||||Insurances|11,288|10,992|
|||||||Depreciation|759|1,503|
|||||||Youth, adult groups and outreach|1,550|2,446|
|||||||Common
fund to Diocese|68,775|72,051|
|||||||Sub-total||144,672|
||Fabric|||||Repairs and maintenance|1,934|2,955|
||Governance|||||Audit fees|1,580|1,500|
||Surptusf{deftctt)|||for-year|||3,179|{9,920)|
||Transfer from Renewal||||Fund {Note12)|||12,600|
||||||||3,179|2,580|
||Balance at 1 January||||2020||2,741|161|
||Balance at 31 December 2020|||||||2,741|
||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|
|||||||||F|
|12|RENEWAL FUND||||||||
||lncolTle||Legacies (designated)||||11,000||
||||Donations
(restricted)||||866|3„689|
||||Grants {restricted)||||5,000||
||||Grants re VAT (Listed||Places ofWorship)||508|24,841|
||||Gift aid on donations||(restricted)||37|851|
||||Interest 8 dividends|(designated)|||3,147|3,455|
||||||||20,558|33,036|
||Expenditure||Works on building
Depreciation||||~is.m|(115)
{8,476)|
||||||||(8,364)|(8,591)|
||Surplus/(deficit)||in year||||12,194|24,445|
||Balance at 1January 2020||||||222,398|187,144|
||Transfer to General
I &E account (Note
Transfer from Trinity Centre Maintenance|||||11)
Fund (Note 15)||{12,500)
8,000|
||Unrealised|increase/{reduction)
in investments
on revaluation|||||6,804|15,309|
||Balance at 31||December 2020||||241,396|222,398|
||being:
Designated|'|||||241,396|222,398|
||Restricted||||||0|0|
||||||||241,396|222,398|
##
|IC FUND|||||
|---|---|---|---|---|
|Income|Donation -|designated|25D||
||Dividends|and interest - designated|||
|Expenditure - restricted|||(4,763)|(8,860)|
|Surplus for year||||,8|
|Balance at 1 January 2020|||70,466|64,344|
|Transfer from Friends ofHoly Trinity {Note 16) - restricted||||15,000|
|Balance at 31 December 2020|||65,953|7D '466|
|being:|||||
|Designated|||43,605|43,355|
|Restricted|||22,348|27,'l11|
||||65,953|70,466|
|||||Page 20|
||||||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||E|
||||||Letting income||||||12,738|51,963|
||||||Other income||||||143|2,993|
||||||Grants to assist|with||costs|||||
||||||during Covid-19||restrictions||||10,144||
||||||||||||23,025|54,956|
|||Expenditure|||Salaries||||||19,943|22,458|
||||||Heat, light and water||||||5,279|I3,782|
||||||Office expenses||||||2,657|2,626|
||||||Maintenance||||||2,172|11,229|
||||||Cleaning
and waste||||||2,335|5,802|
||||||Insurance||||||'I,598|1,599|
||||||Sundry||||||409|555|
||||||Equipment||||||76||
||||||Depreciation||||||3,271|2,724|
||||||PCC Contribution||to|costs|||-3,121|(6,120)|
|||Total Expenditure|||||||||34,619|54,655|
|||Surplus/(deficit)|||on operations||||||(11,594)|301|
|||Balance at|1 January 2020||||||||2,547||
|||Transfer from
T~frorn||Renewal
Fund (Note 12)
Trinity Centre Maintenance|||||(Note|15)|10,000|2,000|
|||Balance at|31||December 2020||||||||
|16|THE|TRINITY CENTRE MAINTENANCE||||||FUND|||||
|||Income - Dividends
and interest|||||||||3||
|||Expenditure|||||||||(1,579)||
|||Surplus/(Deficit)|||for year||||||(1,576)||
|||Balance at|1 January 2020||||||||101,529|94,172|
|||Unrealised|increase/(reduction)|||in|investments|||on revaluation|9,688|17,350|
|||Transfer to|Trinity Centre Operations|||||Fund (Note l4)|||(10,000)|(2,000)|
|||Transfer to|Renewal Fund (Note|||12)||||||(8,000)|
|||Balance at|31||December 2020||||||99,64'I|10l,529|
|||||||||||||Page 21|
|16|FRIENDS|OF HOLY TRINITY SUTTON COLDFIELD|OF HOLY TRINITY SUTTON COLDFIELD|||
|---|---|---|---|---|---|
|||Income
Membership||570|930|
|||Donations||627|679|
|||Gift Aid on membership
Event tickets|and donations|214
1,840|224
11,180|
|||Other event income||373|1,773|
|||Sponsorship||350|3,850|
|||||3,974|18,636|
|||Expenditure:
Performance
and event costs
Advertising
and promotions
Bank charges and sundry costs||307|5,017
539
327|
|||||1,316|5,883|
|||Surplus for year||2,658|12,753|
|||Balance at 1 January 2020||1,248||
|||Transfer to Fabric Fund (Note 13)|||(15,000 )|
|||Balance at 31 December 2020|||1,248|
|Income
Grant from Heritage|Lottery Fund||5,894|
|---|---|---|---|
||||5,694|
|Expenditure:
Maintenance
ofweb-site
Materials,
equipment
and other costs||3,600
2,746|420
8,65'I|
|Book publication||5,000
11,346|9,071|
|Surplus for year||(11,346)|(3,177 )|
|Balance at 1 January 2020||11,346||
|Batance at31December 2020|||11,346|