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2021-12-31-accounts

unrsstnetsd Oesensted Rssvreted Endowment TOTAL FUNDS
Note Funds Funds Funds Funds 2021 2020
6 6
INCOME AND ENDOWMENTS FROM'
Donations
and legacies		 123,134 S,837 179 130,150 154,679
Charitable
activities		 2b 7,738 7,099 14,837 9,393
Other trading activities 220 20,917 21,137 12,311
Investments 2d 1,74S 3,166 4,9'l2 4,975
TOTAL 132,838 30,920 7278 171,036 181358
EXPENDITURE ON:
Ratstng funds 3a 3,423 3.423 1,316
Charitable
Activities		 3b 127,980 51,705 3,708 183,393 191,042
TOTAL 127980 51 705 7 131 186816 192358
NET INCO MEI(EXPENDITURE)
RESOURCES 4,858 (20,785) 147 (15,780) (11,000)
Transfers
between
funds
GAINSI(LOSSES) ON INVESTMENT ASSETS
Unrealised 32,823 4,322 4,354 41,499 20,390
NET MOVEMENT IN FUNDS 4,858 12,038 4,469 4,354 25,719 9,390
RECONCILIATION OF FUNDS
Total funds brought forward 5,919 385,595 56,314 30,282 478,110 468,721
Total funds cerned forward 10,777 397,633 60,783 34,636 503,829 478,111

2021 2020
FIXEDASSETS
Freehold
Property and equipment		 85,375 97,769
Investments 313,802 272,303
399,177
CURRENT ASSETS
Bank and Cash 55,286
Monies on deposit (CBF&Money Market) 59,058 59,027
Debtors 12,759 12,161
116,364 126,474
AMOUNTS
DUE WITHIN ONE YEAR
Creditors 11,712 18,435
NET CURRENT ASSETS/( LIABILITIES) 104,652 108,039
NET ASSETS 503,829 478,111
FUNDS
Unrestricted 10,777 5,920
Designated 397,633 385,595
Restricted 60,783 56,314
Endowment 34,636 30,282
TOTAL CHARITY FUNDS 83838 .78, 11'1

1 ACCOUNTING
POLICIES
The PCC of Holy Trinity Pansh Church ofSutton Coldfield
rs a unincorporated
charrty
in England lWales
In the event ofthe chanty being
wound
up, the liability
in respect ofthe guarantee
is limited tof1 per member
ofthe charity
The address ofthe registered
office is given
in
the charity information
ofthese finanaal
statements.
The pnnmpal
activity is the advancement
of religion,
covering those things which are part ofthe normal
activity of an Angkcan
Parish
Church
The chanty constitutes a public benefit entity as defined
by FRS102 The finanmal statements
have been prepared
inaccordance
with
Acccunbng
and Repcmng
by charates
slatemenl
of Recommended
practme
applmable to chanbes prepanng
their accounfs
in
accordance
with the
Financial Reporting
Standard
appkcable
in the UK and Republic of Ireland issued
in October 2019,the Financial
Reporting
Standard
applicable
in the Unried
Kingdom
and Republic of Ireland (FRS102),the Charities Act 2011,and UK Generally
Accepted Accounting
Practice.
The finanmal
statements
are prepared
on a going concern basis under the historical cost convention,
modified to include certain items		 at
fair value.
The fmancial sbttements
are presented
in sterling
which is the funcbonal
currency ofthe cherry and rounded to the nearest		 F1
The signrfrcant
scccuntrng
policies applred
in the prepsrstron
ofthese financial statements
are set oui below
These policies have been
ccnsistentlv
aborted to all vears oresented
unless othervnse stated.
Funds
Unrestncted
funds represent
funds ofthe PCC that are not subject to any restrictions
regarding
their use and are available for the general
purpose ofthe PCC
Designated
funds comprise
unrestncted
funds that have been set aside by the trustees for parbcular
purposes
The aim and use ofeach
designated
fund isset out in the notes to the fmancial statements
Resinrted
funds are funds witch are to be used tn accordance
with spemftc restncttons
imposed
by donors or which have been raised
the charity for partrcular
purposes		 by
Endowment
funds represent those assets which
must be held permanently
by the charity,
prinapally
in the Church of England
Investment
Fund.
Income arising on the endowment
funds can be used in accordance
with the restricted purpose ot the endowment,
and is included
as unrestncted
income
Any caprial gains or losses arising on the investments
form part ofthe fund.
Investment
management
charges
and legal advice relating to the fund are charged against the fund.
Funds do not include the accounts ofchurch groups that owe their main affrliatton to another
body nor those that are informal gathenngs
church members.		 of
Incoming Resources
Free Will Offering and Other Voluntary
Income:
Collections and Planned
Giving, whether
or not under covenant, are recognised
only when received.
Income tax recoverable
on covenanted
or gift aided Planned
Giving isaccrued with the donation.
Grants, donations,
legacies and bequests are recognised
when the income is received,
or, in the case of grant funding
bodies, when
there has been a formal confirmation
ofthe grant, snd any assocrated gift aid tax recovery isaccrued with the donation.
Government
grants for Covid-related
staff furloughs have been accrued toensure they fall m the same aocountmg
penod as the
payroll expenditure
to whrch they relate.
No amount
is mcluded
rn the finanaal
statements
for volunteer
time in line with the SORP (FRS102).
Funds raised by fund raising events are accounted forgross unless the related expenditure
is not material.
Charitable
Trading.
Income from Charitable
Trading isaccounted
for gross when receivable
Income for Redistnbutron:
Income recetved spemfrcally
to be passed on to specified good causes is accounted
for when received.
Fnends of Holy Tnnrfy
Life membership
and assomated
fees are recognised
over Syears wrth a full 20%recogmsed
in the period ofreceipt
Annual
membership
is recognised
in full on receipt as it is non-refundable.
Season ticket income is recognised
over the number
of events held with any sums paid
m advance shown
in creditors
Ticket sales for future events are shown
in credriors and only recognised
once the event has taken place
Gains and Losses on Investments:
Reslmed gmns or losses are recognmed
when investmsnts
are sold
Llnrealised
gains or losses are accounted
for on revaluation
btd value as at 31stDecember.		 at
Resources Used
Grants.
Grants and donations tc charities or individuals
are accounted
for when paid over, or when awarded,
ifthat award creates a binding
obligation
on the PCC.
Other Expenditure
The Diocesan Common
fund ts accounted for when payable
and other expenditure
as incurred.
Where appropriate,
expendkture
rs accrued cr prepaid
As descnbed
below, expendhture
on re-ordenng the church building
istreated as an expense ofthe Renewal
Fund
Expendrture
on furmture as part ofthe re-ordering
is capitalised,
and depreciated
against the Renewal
Fund.

Fixed Assets Fixed Assets
Consecrated
building
and re-ordering
Consecrated
and beneficed property was excluded fmm the Accounts
by s.96(2)ofthe Charities Act 1993.
Other current legislation
requires
heritage assets to be included at cost or valuation
unless
it is impractical		 or
not cost-effective to do so.
PCC has followed advice from Diocesan Finance Officers that the church
should
be treated as a consecrated
building
rather than aheritage asset. Soexpenditure
on the fabric ofthe building
is not capitalised.
Expenditure
on furniture
and a new (moveable)
organ console is cspitalised.
Unconsecrated
buildings
The cost of land attributable
to property
is not depreciated.
Other property
Is depreciated
on a straight
line basis
over the estimated
life ofthe asset as follows.
Freehold
buildings
50years
Other Fixtures, Fittings and Q(6ca Equipment:
Organ console and related loudspeakers
-purchased
in 2017,
15years
Fixtures and equipment
acquired as part ofthe development
ofthe Trinity Centre
is written
offover
15years
Subsequent
additions are written offover
5-10years
Nloveabie
furnishings
for the reordering
will be written off over
5-15years
Parish office expenditure
is written off over
3-5years
!nd!vidual items ofequipment
or fixtures costing less than 9750are written
offas incuned
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 oftheir 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 unrealised
gams are
recognised
in the Statement of Financial Activities, as are any realised gains on disposais.
Net Current Assets
Investments
- Money llllarket
Current assert investments
are short term highly
liquid investments
and am held at fair value. These include		 cash
on deposit and cash equivalents
with a matunty
ofless 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 recognised
when the charity has an obligation
at the balance sheet date as a result ofa past event.
It is probable
that an outflow ofeconomic benefits
will be required
in settlement
and the amount can be reliably
estimated.
Other rnattem
Employee
benefits
When employees
have rendered service to the chanty, short term employee
benefits to which the employees
are
entitled are recognised
at the undiscounted
amount expected tobe paid in exchange for that service. The charity
operates a defined contribution
plan for the benefit ofits employees.
Conbibutions
are expensed as they become
paysbie.
Tax
The charity is an exempt charity within the meaning
ofschedule 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 trustees believe that no material
uncertainties
exist The trustees have considered the level offunds held and the expected level of income and
expenditure
for 12 months
from authorising
these financial
statements.
The budgeted
income and expenditure
sufficient with the level ofreserves for the charity to be able to continue as a going concern.		 is

Unrestricted Designated Restricted Endowment TOTAL FUNDS
Funds
f		 ~Fu ds
f		 Funds
f		 Funds 2~0 I
f		 2020
2 INCOME AND ENDOWMENTS FROM:
2a Donatrons
and legacies
Planned
giving:
Free Will Offering 84,106 84,106 86,388
Tax refunds
on Covenants		 and gift aid 19,734 19,734 19,317
Collections 1,337 1,337 1,225
Subtotal 105,177 105,177 106,930
Other giving:
Dcltatlctts 931 50 1,422
Bequests 11,000
Grants 12,842 5,443 18,285 33,304
Gift ard on donations 158 129 287 37
Contribution
from group churches
Other income 1,267 305 1,572 1,986
123134 6837 179 0 ~130150 154679
2b income from charitable activities
Magazine sales 979 979 2,874
Fees 6,620 6,620 1,978
Letbng ofbuildings: church groups 567
Fund raising events 139 7,099 7,238 3,974
7738 0 14837 9393
2cOther trading
activities
Letting of buildings: third parties 220 20,917 21,137 12,311
220 20,917 0 0 21 137 12311
2d Investments
Dividends
and interest		 3,166
1,746 3166 0 0 4912 4,975
TOTAL INCOMING RESOURCES 132,838 30,920 7,278 171,036 181,358
Prior year figures.
2a Donafions
and legacies		 126,731 21,537 6,411 0 154,679
2b Income from charitable activities 4,852 567 3,974 0 9,393
2c Other trading acbvi5es 140 12,171 0 0 12,311
2d Investments 1,825 3,150 0 0 4,975
133,548 37425 10,385 0 ~IBI 58

Unrestricted Designated Restricted Endowment TOTAL FUNDS
~F nds
f		 Funds
f		 Funds Funds
f		 2021 2020
f.
3 EXPENDITURE ON:
3sRaising Fumls
Friends events 3423 1 316
0 3,423 3,423 1,316
3b Charitable
Activities
77re Ministry
Diocesan Common Fund 68,775 68,775 68,775
House expenses a allowances 2,690 6,690 7,031
The Church 8 Perish Expenses V
Administration-staff 20,500 14,013 34,513 42,168
Administration-other 3,889 3,358 7,247 4,663
Independent
examiners fees		 1,520 1,520 1,580
Worship 8,134 8,134 4,093
Buildings
running		 costs 20,121 7,250 27,371 13,871
Event costs 1,753 1,753 98
Groups and activities 528 528 5xn
The Trinity Centre expenses 3,958 3,958 12,354
Heritage Project expenses 11,348
Buildings costs 0
Depreciation
ofassets		 759 11,635 12,394 12,394
Church Fabric Maintenance 3,708 3,708 6,697
Costs associated with reordering 0
Trinity Centre Maintenance 5,738 5,738 3,751
Grants 0
Donations to charity 1,064 1,064 669
127980 51 705 3708 0 183,393 191042
TOTAL.RESOURCES EXPEitlDED 127,980 51,705 7,131 0 186.816 192,358
Prior year gguresr
3a Raising Funds 0 0 1,316 0 1,316
3b Charitable
Activities		 130.369 49,325 11,348 0 191,042
130389 49,325 12,664 0 192,358

6INVESTINENTS
At 1 January 2021 272,303
Revaluation
- unrealised		 gains 41,804
-unrealised losses (305)
At 31 December 2021 313,802
Cost Market 2020 Market
No of at Value Surplus/ Value
Shares 31-Dec-21 Surplus
f		 31-Dec-21 LDDeScit
f.		 31-Dec-20
Designated
funds
Renewal Fund
Church of England Investment Fund ( ) 4,S25 7,034 105,807 112,841 14,186 98,655
Charinco Income Fund 2,650 1,561 4,211 (305) 4,516
Church of England Investment Fund (') 221 136 4,906 5,042 634 4,408
Trtnity Centre Maintenance
Church ofEngland InvestmentFund (") 2,104 30,000 92,690 122,690 18,308 104,3S2
39,820 204,964 244,7S4 32,823 211,961
Restricted Fund
Assistant Curates Fund
Church of England Investment Fund ( ) 1,507 925 33,457 34,382 4,322 30,060
Endowments
Clara Fowler Charity
Church of England investment Fund (') 1,48'I 1,678 32,958 30,282
Total at 31December 2021 42,423 271,379 313,802 41,499 272,303
At 31 December 2020 42,423 229,880 272,303
Assistant Curates Fund Tothe General Fund, applied to Clergy expenses
Clara Fowler Charity Tothe General Fund applied to Curates expenses
Trinity Centre Maintenance Fund Allocated to Trinity Centre Maintenance
2021f 2020f
7 DEBTORS
Income tax recoverable 1,630 1,683
Prepaymenls and accrued mcome 11,129 10,478
12,759 12,161
8 CREDITORS Due within one year
Accruals and deferred income 11,712 18,435
11,712 18,435
Page 15

9 FUNDS Unrestrrasd Dewgnsted Restricted Emlowment
Funds ~Fun ~Fn Fuhds TUTAL
9 6 6
Restricted/Endowment
funds
held
in investments
Clara Fowlar endowment 34,636
Assistant Curates Fund 34,362 34,382
Unresurcted
Fund
Income 8 Expenoiture
AIC		 {Note 11) 10,777 'I0,777
Other Funds - Designated/Restncted
Renewal Fund (Note 12) 247,802 247,802
Fabnc Fund (Note 13) 43,605 18,640 62,245
Trinrly Centre Operating
Fund (Note 14)		 1,226
Trindy Centre Maintenance Fund (Note 15) 105,000 105,000
Fnsnds ofHoly Tnnity (Note 16) 7,761 7,761
Hernage
prolect (Note IT)
IQ,TT7 397633 60,783 34,636 503,829
ANALYSIS OF NET ASSETS
Fixed Assets - Investments 244,784 34,382 313,802
Fixed Assets - Tangible assets 758 84,617 85,375
Current Assets 21,831 84,201 10,332 116,364
Current
Lmbrbbes		 (7,472) (3,230) (1,010) (11,712)
Debilities due after more then one year
Inter-fuhd
Balarices		 (4,340) (12,739) 17,0T9
Total 10,777 397,633 80,783 34,636 503,829
Pnor year rigumx
RestnctedlEndowment
funds
held in investments
Clara Fowler endowment 30,281 30,281
Assistant Curates Fund 30,060 30,060
Unrestriaed
Fund
Income 8 Expenditure
AIC		 (Note 11) 5,919 5,919
Omar Funds - DesignatsdIReslncted
Renewal
Fund {Note 12)		 241,397 241,397
Fabric Fund (Nots 13) 43,605 22,348 65,953
Tnnity Centre Operating
Fund (Note 14)		 953 953
Trinay centre Maintenance Fund (Note 15) 99,641 99,641
Friends of Holy Trinity (Note 16) 3,906 3,906
Hentage Proiect (Note 17)
Rounding
,ctal at 31stDecember 2019 5919 385,596 58,314 30,281 478,110
Analysis of Net Assets
Fixed Assets - Investments
Fhed Assets - Tangible assels
Current Assets		 1,517
33,689		 21 1,961
98,252
87,034		 30,080
5,751		 30,281 272,302
97,769
126,474
Cuituni
L}eh{faux
Liabilltws due after more than one year		 (14,768) (2,506} (1,159) (18,436)
Inter-fund
Balances		 {14,519i {T,143! 21,862
Total at31stDecember 2019 5919 385,596 56,314 30,281 478,110

2021 2020
8
10 FINANCIAL INSTRUMENTS
The canying amounts
ofthe		 charity's financial instruments are as follows:
Measured
at		 fair value through net income/expenditure:
Fixed asset investments (note 6) 313,802 272,303
Current asset investments 103,623 114,313
417.425 386,616
Debt instruments
measured		 at amortised cost
Other debtors (note 7) 1,630 1,683
1,630 1,683
Financial
liabilities measured		 at amoitised cost
Other creditors (note 8) 11,712 18,435
11,712 18,435

2021 2020
8
12 RENEWAL FUND
Income Legacies (designated} 11,000
Donations (restricted) 931 866
Grants (restricted} 5.000
Grants re VAT (Listed Places ofWorship) 508
Gift aid on donations (restricted) 158 37
Interest 8 dividends (designated) 3,166 3,147
4,255 20,558
Expenditure Curacy costs (4,000)
Depreciation 8,364 (8,364)
(12,364) (8,364)
Surplus/(deficit) in year -8,109 12,194
Balance at 1 January 2021 241,396 222,398
Transfer to General
I &E account (Note		 11)
Transfer from Trinity Centre Maintenance Fund (Note 15}
Unrealised increase/(reduction) in investments
on revaluation		 14,515 6,804
Balance at 31 December 2021 247,802 241,396
being: *
Designated 247,802 241,396
Restricted 0 0
247 802 241,396

IC FUND
Income Donation - designated 250
Dividends and interest - designated
Expenditure - restricted (3,706) (4,763)
Surplus for year 8) (4,513)
Balance at 1 January 2021 65,953 70,466
Transfe~ from Friiends of Holy Triinity (Note 16)-restricted
Batance at31December 2021 62,245 65,953
being:
Designated 43,605 43,605
Rastricted 18,640 22,348
62,245 65,953
2021f 2020
f
14 THE TRINITY CENTRE OPERATIONS
income l siting income 20,917 12,73S
Other income 304 143
Grants to assist with costs
dudng Covid-19 restrictions 5,443 10,144
26,664 23,025
Expenditure Salaries 14,013 'i9,943
Heat, light and water 7,250 5,279
Oflice expenses 3,358 2,657
Maintenance 5,580 2,172
Cleaning
and waste		 5,534 2,335
Insurance 1,723 1,598
25th Anniversary events 1,753 0
Sundry 551 409
Equipment 158 76
Depreciation 3,271 3,271
PCC Contribution to costs -3,850 (3,121)
Total Expenditure 39,341 34,619
Surplus/(deticit)
on operations		 (12,677) (11,594)
Balance at 1 January 2021 953 2,547
Transfer from Renewal
Fund (Note		 12)
Transfer from Trinity Centre Maintenance (Note 15) 12,950 10,000
Balance at 31 December
2021
15 THE TRINITY CENTRE MAINTENANCE FUND
Income - Dividends
and interest		 3
Expenditure (1,579)
Surplus/(Deficit)
for year		 (1,576)
Balance at 1 January 2021 99,641 101,529
Unrealised increase/(reduction) in investments on revaluation 18,309 9,688
Transfer to
Transfer to		 Trinity Centre Operations
Renewal Fund (Note 12)		 Fund (Note 14) (12,950) (10,000)
Balance at 31 December 2021 105,000 99,641
2021 2020
16 FRIENDS OF HOLY TRINITY SUTTON COLDFIELD
Income Membership 600 570
Donations 50 627
Gift Aid on membership and donations 129 214
Event tickets 4,004 1,840
Other event income 395 373
Sponsorship 2,100 350
7,278 3,974
Expenditure:
Performance		 and event costs 1,009
Advertising and promotions
Bank charges and sundry costs 307
3,423 1,316
Surplus for year 3,855 2,658
Balance at 1January 2021 3,908 1,248
Transfer to Fabric Fund (Note 13)
Balance at 31 December 2021 7761