**HOLY TRINITY PARISH CHURCH OF SUTTON COLDFIELD** ANNUAL REPORT OF THE TRUSTEES For the year ended 31[st] December 2023 The revised Trustees report on the year as follows: ## **ADMINISTRATION AND GOVERNANCE** Holy Trinity Parish Church is situated at the junction of Coleshill Street and Mill Street, Sutton Coldfield. It is part of the Diocese of Birmingham within the Church of England. The correspondence address is The Trinity Centre, Church Hill, Mill Street, Sutton Coldfield, B72 1TF. The Parochial Church Council (‘PCC’) is a charity registered with the Charity Commission (Reg No. 1133764). The method of appointment of PCC members is set out in the Church Representation Rules. PCC members who served between 1 January 2023 and the date this report was approved were: **Until APCM 2023 (24[th] April From APCM 2023 2023)** _Ex officio members: Stipendiary Clergy_ Revd Canon John Routh _– Chair_ Revd Canon Becky Stephens _– Chair (until retirement, 1[st] March 2023) (from 10 September 2023) Church Wardens_ Mr Colin Ingley – _Lay chair_ Mr Colin Ingley – _Lay chair & Electoral Roll Officer & Electoral Roll Officer_ Mrs Stella Thebridge Mrs Stella Thebridge _– Vulnerable Adults Advocate – Vulnerable Adults Advocate until APCM 2026 Deanery Synod Representatives: (up to 4_ Ms Tanya Arroba – _Children’s posts) Advocate until APCM 2023_ Mrs Sue Ingley Ms Tanya Arroba – _Children’s_ Mr David Thebridge _Advocate_ Mrs Sue Ingley Mr Michael Perry – _PCC Secretary_ Mr David Thebridge _until APCM 2024 Elected members: (up to 4 posts for each year)_ Mrs Jo Medlicott _until APCM 2022_ Mr Zachery Dunn Mrs Marette Ambler Mrs Sam Baines _until APCM 2025_ Mr Chris Chubb Mrs Sam Baines (resigned Dec 2023) _until APCM 2023_ Ms Susan Choyce Mr Bill Bickerstaff _– Treasurer_ Mrs Louise Chubb Mrs Jean Soper Mrs Karen Wright _– Data Protection until APCM 2026 Officer_ Mrs Margaret Le Brocq _until APCM 2024_ Mr Christopher Pitts Mrs Jo Medlicott Mrs Jean Soper (resigned Dec 2023) Mr John Wright ## **Public Benefit Statement** PCC members confirm that in the exercise of their powers as charity trustees they have had due regard to the published guidance from the Charities Commission on the operation of the public benefit requirements; and that the aims of the charity are carried out for the benefit of the public. ## **Risk and Safeguarding Statement** he trustees have identified and considered all regulatory, financial and operating risks, and put in place appropriate policies and procedures – all subject to regular reviews. In particular, our Safeguarding Policy for Children, Young People and Vulnerable Adults is reviewed each year, and volunteers checked as appropriate. ## **OBJECTIVES AND ACTIVITIES** 2 ## **HOLY TRINITY PARISH CHURCH OF SUTTON COLDFIELD** ANNUAL REPORT OF THE TRUSTEES For the year ended 31[st] December 2023 The aim of Holy Trinity is the advancement of religion, covering those things which are part of the normal activity of an Anglican Parish Church. Holy Trinity PCC has expressed this in a statement of its vision: _We want our church - the institution, the building and the community of people - to be:_ - _holy: we are about God, and offering a setting in which people may encounter God and in which the life of the spirit may flourish._ - _welcoming: we want people to find ways in and belong - whatever their age, background or tradition._ - _learning: we want to be a place where faith and understanding are questioned, explored, discovered and nurtured._ - _caring: we want to share grace of God in Christ through words and deeds. We seek to offer pastoral care, and support the world church._ To assist in fulfilling this statement, PCC works to a set of more specific objectives in set out in a document ’The Next 10 Years’, which was created in 2015 and reviewed during 2018. The PCC is responsible for furthering the church’s mission throughout the parish, in co-operation with the incumbent. The PCC is also responsible for the upkeep and maintenance of the church and the Trinity Centre. Responsibility for maintaining the grounds of the site is shared with Birmingham City Council ('BCC'), whilst the boundary walls are wholly the responsibility of BCC. Holy Trinity was a member of the Sutton Coldfield Group with two other local Anglican churches, St Chad’s Sutton Coldfield and St Peter’s Maney, until the establishment during 2023 of an Oversight Area including these three parishes and Emmanuel, Wylde Green. Revd Canon Becky Stephens was appointed Minister of the Oversight Area. We are also a member of Churches Together in Central Sutton Coldfield, working with other local denominations through clergy collaboration. Holy Trinity is an Eco Church, working to improve our relationship with the environment, and a member of Inclusive Church to further promote our vision of openness to all regardless of race, sexuality, etc. ## **STRUCTURE AND MANAGEMENT** The PCC operates a structure of committees to which it delegates functions, and each seeks to implement the vision statement within its own sphere of responsibility. From time to time there are also Working Groups of relatively brief duration established to address particular issues. The structure during this year has been: _Standing_ – monitors the work of the other committees, deals with finance & legal issues between PCC meetings taking urgent decisions on behalf of PCC within defined limits. _Church Life Committees:_ _Worship & Prayer –_ oversees regular planning of services, rotas & music, & the planning of special services; oversees links with the prayer groups, and produces parish prayer sheets. _Children & Young People_ – oversees work with young people, both church-based & in the wider parish; & is responsible for compliance with Children & Young People Safeguarding policies. _Buildings & Grounds_ – supervises maintenance of the buildings and grounds; is also responsible for compliance with health & safety regulations. _Trinity Centre & Church Management –_ manages the day-to-day running of the buildings, including marketing and letting. _Mission –_ oversees links with charities and wider church groupings, church magazine, website & general publicity, & organises faith development. _Pastoral Life_ – oversees pastoral visitors, including baptism team, & is responsible for compliance Vulnerable Adult Safeguarding policies _Social_ – organizes & promotes social events, & provides catering at other church events. _Friends of Holy Trinity_ – engages with the wider parish, seeking to improve links and generate funding for maintenance of the church building, through a programme of concerts and other events and through activities focused on the building’s heritage. Standing Committee is made up of senior PCC officers, and chairs of the other committees; each of the other committees and working groups is a mix of PCC members & people drawn from the wider congregation. The PCC and committees have all progressed their areas during the year. The PCC holds five scheduled meetings each year, one each quarter and an additional one soon after the Annual Meeting to appoint officers. Occasionally PCC takes votes by on-line communication where a decision is needed particularly quickly on a non-controversial issue. The 3 **HOLY TRINITY PARISH CHURCH OF SUTTON COLDFIELD** ANNUAL REPORT OF THE TRUSTEES For the year ended 31[st] December 2023 committees met at regular intervals during the year, and PCC received regular reports from its officers and committees. 4 **HOLY TRINITY PARISH CHURCH OF SUTTON COLDFIELD** ANNUAL REPORT OF THE TRUSTEES For the year ended 31[st] December 2023 ## **CHURCH ATTENDANCE** The electoral roll was revised in the month before the APCM; the number on the roll at the date of the 2024 APCM was 135 (in 2023 it was 128). Attendance has continued to increase, and a number follow the services from home as they continue to be live-streamed via FaceBook, either at the time or subsequently. Numbers at some of the Advent and Christmas services increased. During the year 16 people were baptized and 0 confirmed; 6 couples were married. 14 funeral services were held in church. ## **STAFFING** Revd Canon John Routh served as Rector until his retirement on 1[st] March 2023. Revd Leanne Carr continued nominally as Curate, but continued a secondment to a nearby parish, subsequently securing the post of priest-in-charge of that and a neighbouring parish. Both were employed and paid for by the Church Commissioners. Support continued from two Associate Priests – Revd Paul Duckers and Revd Carol Hoare. Revd Canon Becky Stephens was licensed on 10[th] September 2023 as priest-in-charge of Holy Trinity, a half-time role combining with her half-time role as Vicar of St Peter’s Maney. The Holy Trinity post is subject to review after 2 or 3 years. From the autumn of 2023 Revd Averil Lauckner has also served as an Associate Priest at Holy Trinity. At the 2023 Annual Meeting Colin Ingley and Stella Thebridge were re-elected as Church Wardens. We now employ a part-time Parish Administrator (since 1[st] December 2022), and a Site Facilitator (since 1[st] February 2023). We also employ a part-time Youth Work Co-ordinator, the role largely funded by a grant from Sutton Coldfield Charitable Trust (SCCT). In the absence of a Director of Music (since March 2023) we have engaged organists to play Sunday services, and Stella Thebridge has temporarily agreed to support the choir until a new Director can be appointed. We also pay for the services of a self-employed person as out-of-hours steward in the Trinity Centre. Beyond our clergy, main officers and staff, our operations are dependent on the services of a great many volunteers drawn mainly from the congregation. We are grateful for all those who offer their time and skills, but we are aware there are many tasks for which we need additional volunteers. ## **REVIEW OF THE YEAR** ## _Anglican and ecumenical relationships_ The Anglican group has developed into a formal Oversight Area which includes Holy Trinity, St Chad’s, St Peter’s Maney and Emmanuel Wylde Green. We combined for an Ash Wednesday service, shared a Lent group, and held the annual Marriage Preparation Day. Ministers meet for Morning Prayer on a Wednesday. An Oversight Area youth group is in the early stages and meets every other Sunday evening. Participation in Churches Together in Central Sutton Coldfield continues. Ministers of the various churches meet regularly and the Churches Together Week of Prayer for Christian Unity was held at St Peter’s. We continue to support the food bank run by Sutton Coldfield Baptist Church, which is being asked to support many in need during this financial downturn. We have maintained some contact with the Masjid, with the Priest in Charge attending an Iftar at Bishop Vesey School one evening. ## _Transforming Church/People and Places_ In 2021 PCC agreed a Transforming Church Action Plan. The particular areas covered are: - increasing inclusiveness and environmental engagement, - developing lay leadership, children and families work - rebuilding finances, in particular stewardship and Trinity Centre/church rental income. The Oversight Area has now been formalised and Revd Canon Becky Stephens has been appointed as the Oversight Minister. In the coming year, the PCCs of each church will gather to find ways to work together. 5 **HOLY TRINITY PARISH CHURCH OF SUTTON COLDFIELD** ANNUAL REPORT OF THE TRUSTEES For the year ended 31[st] December 2023 ## _Civic responsibilities_ The church hosted the annual Civic service in May and Remembrance Service in November, welcoming the new Mayor and councillors of the Royal Town Council as well as Birmingham City Councillors , our MP and the deputy Lord Lieutenant of the West Midlands The Priest in Charge has been appointed as the Chaplain for the High Sheriff of the West Midlands. The day after the coronation of King Charles III the Sunday morning service commemorated the occasion and the choir sang a specially composed anthem for parish churches. ## _Buildings_ Our buildings are both maintained in good condition. The main issues arising in both places have been heating systems. We continue to have problems with a build-up of residue in the church system, now partially resolved including the purchase of one new boiler. In the Trinity Centre the boilers need replacing – we hope to do this as soon as funds allow. Following the church quinquennial inspection in 2022, recommended work has taken place in the latter part of the year and is ongoing in 2024. In the grounds, Birmingham City Council continue with works to repair the south-west corner of the boundary wall. In the Trinity Centre redecoration of the Longman Room has not taken place but we hope this might be possible in 2024. ## _Worship & prayer_ During the year we completed our return to pre-Covid-19 arrangement with offertory collections during services and a return to sharing the common cup (chalice). Our ‘All-age’ Service on the second Sunday of the month, has continued, led by our youth worker until her retirement in January 2024, then by different clergy. We welcomed Bishop Vesey Grammar School for their Founder’s Day Service in October, and continued to refine arrangements on Remembrance Sunday in conjunction with the Town Council. ## _Children & young people_ TC Tots continues to serve 0-4 year olds and their carers on Wednesday mornnigs in term-time. Following the retirement of Susie Walker, our youth worker, arrangements have been made for continuation of both our younger youth group on Friday evenings and a group for teenagers from the oversight area parishes on Sunday evenings. We are fortunate to have funding from SCCT continuing for a youth worker until 2025. We were pleased to appoint a school sixthformer to the PCC at the April APCM. ## _Social & pastoral care_ Social events, including the monthly Film Club and Knit ‘n’ natter group, continue to welcome members from the congregation and wider community. Home communions continue on the first Sunday of the month, though pastoral visiting has not been formally resumed as hoped. ## _Discipleship & mission_ For Lent, we joined in with St Peter’s and studied _The Women of Holy Week_ by Dr Paula Gooder. Going forward, the mission committee are planning a 5 session study on the Marks of Mission. We have continued to work on environmental matters working towards our Gold Eco-Award. We were sorry that our eco-advocate has resigned but hope to keep up the impetus of her work in coming months. During the year we supported various charities – Christian Aid, Children’s Society, MacMillan Cancer Support, as well as our charity for 2023 - Birmingham City Mission. ## _Friends of Holy Trinity (incl. heritage events)_ The Friends’ programme of concerts, supported by the Social team, has been very enjoyable and well-received, though less financially rewarding with pressures for audiences on time and money, and increasing performer / artist costs. The Heritage Open Day in September attracted 300 visitors and was part of a successful “Birmingham Heritage week in Sutton Coldfield” which ensured added publicity. This will continue with the heritage secretary on the organising committee of the Week (Sutton Coldfield Heritage Network). A number of tours by schools and adult interest groups took place. Tudor Christmas over 5 evenings and a Saturday morning in December attracted over 200 people in total, including a large number of under 16s. 6 **HOLY TRINITY PARISH CHURCH OF SUTTON COLDFIELD** ANNUAL REPORT OF THE TRUSTEES For the year ended 31[st] December 2023 ## _Financial and other systems_ During the year we made progress on moving our bank accounts from HSBC to Cooperative Bank but still have 2 accounts with HSBC at present. Further progress is expected in 2024, We have adopted cloud based accounting package which has been used for these accounts and will avoid reliance on spread sheets. We bought subscription to a hall booking system which was tested but this has not been fully adopted as it may not be wholly suitable. The staff have had other priorities but an online booking system is still an aspiration. ## _Legal matters and policies_ We believe we fully comply with legislation, in particular that covering Data Protection (Karen Wright is the Officer responsible), Health and Safety (Paul Medlicott) and Safeguarding (Revd John Routh, then Tanya Arroba, supported by Liz Petley). The relevant policies and our compliance with them are reviewed regularly, with an opportunity to report at the quarterly PCC meetings. ## **FINANCES (including Reserves Policy)** ## _Assets and Liabilities_ Fixed assets increased by £18,522 during the year, within which the value of investments increased by £29,861 compared to a reduction of £33,722 in 2023 reflecting share prices recovering after the recent financial downturn. Net current assets fell by £23,929 compared to an increase 2021 to 2022 of £34,548, within which bank/cash balances and cash deposits increased by £10,342. Current liabilities include approximately £30,000 reserve for certificated work on Fabric Repairs paid early in 2024 and debtors include grants awarded on staged payments still to be claimed. Other than these items figures are broadly comparable. Overall, unrestricted and designated funds total £417,747 compared to £399,166 while restricted funds and endowments total £89,109 compared to £93,096. The overall reduction reflects approximately £50,000 spent on church fabric, approximately £30,000 increase in investments but otherwise a small surplus after depreciation. ## _Main Operating Funds_ Key features of the funds covering day-to-day operations during the year are: _Income & Expenditure Account_ This is an unrestricted fund. Overall income totalled £141,996, an increase of 2.619 (1.5%) on the previous year. The totals are distorted by 2 items; firstly the grant for our Youth Worker of £14,600 has been shown as restricted fund and is not included in this income figure, and offsetting this we continued to pay rent on our former curate’s house until August 2023 as a cost but received 100% of this back from the Diocese of Birmingham so overall income increased. The main regular source of income is planned giving and the collection plate; at £106.265 this was £6,294 (6.3%) more than the year before reflecting the deaths of several members over the last two years, but some new donors and introduction of card readers. A legacy of £9,985 made a big difference. Expenditure was £141,044, a decrease of £10,372 (6.8%) on the previous year relflecting only s part year of paying rent on curate’s house: the contribution to the Diocesan Common Fund was ,unchanged at £68,775, salary costs increased by £7,416 were £37,360, insurance of the church building was £11,000, and utility charges were £5,264. We are fortunate to have fixed price contracts for utilities that have protected us from energy price rises so far. The resulting surplus was £952 A final transfer from Trininy Centrr operations and allocation of clergy housing and expenses against restricted income lesvrd a closing balance of £17,033. Our general long-term aim is to hold a balance of around £38,000 in this Fund, which is approximately 3 months’ outgoings Fund but for now we have other designated funds we can call upon if necessary. ## _Trinity Centre Operations Fund ,_ This is a designated fund. Income to the fund was £59,646, an increase of 15%) on the previous year which was a record high in cash terms as lettings returned to post Covid19. There is greater use, we are encouraging childrens parties and gaining clients, Expenditure was £51,446, an increase of £10,259 (24%) through a combination of using paid out of hours staff and contract cleaners more, higher costs generally and higher repair costs. Overall we recorded a surplus of £8,200. A tranfer to T maintenance fund leftleaving a closing balance of £9,554 moved to general account as this fund closed. The combination of these two funds was £1,033 surplis compared to a deficit in 2022 of £3.316, a considerably better outcome than we had budgeted. We continue to work on developing sources of income for both funds. Meanwhile we continue to monitor our finances closely. 7 **HOLY TRINITY PARISH CHURCH OF SUTTON COLDFIELD** ANNUAL REPORT OF THE TRUSTEES For the year ended 31[st] December 2023 Our most recent financial projections suggest that we will need significant legacies, grants or donations to cover our costs and are some way away from rebuilding reserves, reserves to our target figures. _Other funds_ Turning to our other funds, both designated and restricted, the key features for the year and our policies towards those funds are: - _Renewal Fund_ This fund is wholly designated, all funds restricted to the reordering project having been spent. Income was £5,479 from investment income. Expenditure was £29,577, being depreciation (£5,171) and replacement boiler (£11.194) plus professional fees. Investments increased in value by £9,941. As the reordering project has been completed the PCC agreed to combine this fund with the Fabric fund to simplify accounts. All monies spent has been to support deficits or pay for building projects and there is no need to distinguish between them. This means the fixed assets are also transferred to depreciation will be charged to combined fund in future. Prior to the merger with Fabric funds, the closing balance was £244,794. - _Fabric Fund_ The purpose of this fund is maintenance of the church & grounds. The fund is part designated, part restricted (where donations come from the Friends Fund). ll investment income was allocated to Renewal fund so there was no income with expenditure of £29,888 restricted and £29,577 unresricted The balance before transfer to Renewal fund was £43,608. We expect to use part of this during the next year to complete the work started in Autumn 2023 Under normal circumstances we aim to build up the balance on a 5 year cycle so that around £50,000 is available to pay for costs arising from Quinquennial Inspections, the next one being due in 2027. However, longer term, we are aware the south aisle roof will need replacement at a (current) cost of around £100,000. So we aim to increase the Fund beyond £50,000 in the next two or three years if possible and may need grant funding to achieve this. _Trinity Centre Maintenance Fund_ The purpose of this designated fund is maintenance of the Trinity Centre. No expenditure has been allocated to this and investment income and underlying investment values from recovering 2022 losses added £14,136 plus £20 interest after an allocation from Trinity Cemtr The closing balance was £112,272. , As the building and its equipment ages some repairs and replacements will be costly, so our aim is to maintain a balance of around £100,000. We expect the first of these major outlays, replacement of heating system installed 26 years ago, to happen during 2025 as we work out optimum solutions consistent with Church of England zero carbon targets and meeting green energy and eco church targets that are affordable both to run and to install. - _Friends of Holy Trinity_ Friends engages with the wider parish community and offers them a means of supporting the maintenance and development of the church fabric. This restricted fund deals with Friends operations. Activity has increased but attendance is still not yet at pre- Covid-19 levels. Income was slightly lower at £14.196, with costs of £8,380. The fund needs £1.500 for working capital and any surplus is available to transfer to Fabric Fund. While it is unlikely that this fund will generate more than is needed to maintain and continue to develop the Church building. PCC agreed to treat 2024 revenue as a designated fund although the primary purpose is to fund both essential works and extras that the PCC may not otherwise choose to fund. Monies to 31 December 2023 is carried forward as restricted funds until spent. ## _Other Funds_ The Clara Fowler Charity Endowment (£33,479) and Assistant Curates Fund (£33,234) both recovered from last year decreases in the value of investments. Both funds have very restricted uses, being the payment of the costs of having stipendiary clergy. ## **ACKNOWLEDGEMENT AND REMEMBRANCE** PCC gives its thanks to all who have contributed to the life of Holy Trinity over the last year - as officers, as committee members, or as willing helpers filling the many roles necessary within our church community. The church could not function without so many generous people who give of their time, resources and God given gifts. It is through this giving that we are able to shine the light of Christ and share God’s love in our parish, community and beyond. 8 **HOLY TRINITY PARISH CHURCH OF SUTTON COLDFIELD** ANNUAL REPORT OF THE TRUSTEES For the year ended 31[st] December 2023 Finally, since the beginning of 2023 we have seen the deaths of members of our church community, past and present: notably Judy Watson and Pat Duckers. We remember them with love and thanks. On behalf of the PCC Revd Canon Becky Stephens, Chair. 0ctober 2025 ## **Independent Examiner's Report to the Trustees of Holy Trinity Parish Church of Sutton Coldfield** I report to the charity trustees on my examination of the accounts of the charity for the year ended 31st December 2023 which are set out on pages 10 to 19 ## **Responsibilities and basis of report** As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in Englands and Wales, which is one of the listed bodies. 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: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with 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 attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Nicholas Burrows FCA Harwoods Chartered Accountants 1 Trinity Place Midland Drive Sutton Coldfield West Midlands B72 1TX Date October 2025 9 **HOLY TRINITY PARISH CHURCH OF SUTTON COLDFIELD** ANNUAL REPORT OF THE TRUSTEES For the year ended 31[st] December 2023 10 **HOLY TRINITY PARISH CHURCH OF SUTTON COLDFIELD** ANNUAL REPORT OF THE TRUSTEES For the year ended 31[st] December 2023 ## **Holy Trinity Parish Church Sutton Coldfield** ## **Statement of Trustees responsibilities** The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in [England & Wales/Northern Ireland][1] requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP 2015 (FRS 102); - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. 1 11 Registered charity no. 1133764 HOLY TRINITY PARISH CHURCH OF surroN COLDFIELD UNAUDITED FINANCIAL STATEMENTS Revised from what was presented to APCM 2024 YEAR ENDED 31 DECEMBER 2023 HOLY TRINITY PARISH CHURCH OF SUTTON COLDFIELD REVISED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 CONTENTS Page Information Report of Trustees Independent Examineff s Report Trustees Responsibility Statement Statement of Financial Activities 10 Balance Sheet 11 Notes to the Financial Statements Note 1 Accounting Policies 12-13 Note 2 Incoming Resources 14 Note 3 Resources Expended 15 Note 4 Staff costs, trustee expenses etc 16 Note 5 Fixed Assets 16 Note 6 Investments 17 Note 7 Debtors 17 Note 8 Creditors - under and over one year 17 Note 9 Funds- summary and analysis of net assets 18 Note 10 Financial Instruments 19 Note 11 Reserves Reconciliation 19 HOLY TRINITY PARISH CHURCH OF surroN COLDFIELD Iltformation Ch8rily details Registered Name Charity ￿gIStered nufflber 1133764 The Parochial Church Council ol the Ecclesiastical Parish of Holy Trinity Sutton Coldfield Officers of the PCC R8Ctor Wardens Rev Becky Stephens from Sept 2023, Rev WJ Routh until 28 February 2023 Stella Thebridg8 Colin Ing18y Bill Bickers18ff till Mareh 2023, then David Thebridge Treasu￿r Secretary Michael Perry until March 2023, since vacant Church Address Parish Church of Holy Trinity Sutton Coldfield Church Hill Mill Street Sutton Coldfield B72 1TF Office Address The Trinity Centre Mill st￿et Sutton Coldfieky B72 1TF Nicholas Burrows FCA Burrow5 Scsrborough Charter8d Accountants 1 Trinity Place Midland Drive Sutton Coldfiald B72 1TX Bankers Co-operativ8 Bank PIC 118-120 Colmore Row Birmingham B3 3BA HSBC PIC 87 The Parade Sutton Coldfield B72 1PU Investment mana9ers Birmingharn Diccesan Bo8rd of Trustees 1 Colmore Row 8irmingha B3 28J CCLA Investment Management Ltd The CBF Church of England Fund5 Senator House 85 Queen Victoria Street London EC4V 4ET Page 1 HOLY TRINITY PARISH CHURCH OF su￿oN COLDFIELD ANNUAL REPORT OF THE TRUSTEES For the year ended 31st December 2023 The ￿ViSed Trustees report on the year as follow5: ADMINISTRATION AND GOVERNANCE Holy Trinity Parish Church is situated at the junttion of Coleshill Street and Mill Street, Sutton Coldfield. It is part of the DI0￿Se of Birmingham within the Church of England. The cor￿SpOndence address is The Trinity Centre, Church Hill, Mill Street, Sutton Coldfield, B72 ITF. The Parochial Church Council CPCC? is a charity registered with the Charity Commission (Reg No. 1133764). The meth(xJ of appointment of PCC members is set out in the Church Representation Rules. PCC members who seryed between l January 2023 and the date this report was approved were: Until APCM 2023 (24th April 2023) From APCM 2023 Ex offlao members.. Stipendiary Clergy Revd Canon John Routh - Chair (unblretirement, 1st March 2023) Revd Canon Becky Stephens - Chair (from 10 September2023) Church Wardens Mr Colin Ingley- Laychair & Elettoral Roll Officer Mrs Stella Thebrrdge Vulnerable AdultsAdvocate Mr Colin Ingley- Laychair & Elettor81 Roll Offi￿r Mrs Stella Thebridge Vulnerable Adults Advocate Deanery Synod Representatives." (up to 4 posts) untilAPCM 2023 Ms Tanya Arroba - Children sAdvocate Mrs Sue Ingley Mr Michael Perry- PCCSecreiary Mr David Thebridge untilAPCM 2026 Ms Tanya Arroba - Childrens Advocate Mrs Sue Ingley Mr David Thebridge Eletted men7bers.' (up to 4posts for each year) untilAPCIV 2022 Mrs Marette Ambler Mrs Sam Baines Mr Chris Chubb untslAPCM 2023 Mr Bill Bickerstaff - Treasurer Mrs Jean Soper Mrs Karen Wright - Data Protecfyon unblAPCM 2024 Mrs Jo Medlicott Mr Zachery Dunn unfy/APCM 2025 Mrs Sam Baines (resigned Dec 2023) Ms Susan Choy Mrs Louise Chubb OffI￿r unfy/APCM 2026 Mrs Margaret Le Brocq Mr Christopher Pitts Mrs Jean Soper (resigned Dec 2023) unblAPCM 2024 Mrs Jo Medlicott Mr John Wright Public Benefit ststement PCC members confirm that in the exercise of their powers as charity trustees they have had due regard to the published guidance from the Charitie5 Commission on the operation of the public benefit requirements,. and that the aims of the charity are carried out for the benefit of the public. Risk and Safeguarding Statement he trustees have identified and considered all regulatory, financial and operating risks, and put in place appropriate policies and procedures- all subjett to regular reviews. In particular, our Safeguarding Policy for Children, Young People and Vulnerable Adults 15 reviewed each year, and volunteers checked as appropriate. OBJEcfIvES AND AcrIvrriES HOLY TRINITY PARISH CHURCH OF SLrrroN COLDFIELD ANNUAL REPORT OF THE TRUSTEES For the year ended 31st December 2023 The aim of Holy Trinity is the advancement of religion, covering those things which are part of the normal activity of an Anglican Parish Church. Holy Trinity pcc has expressed this in a statement of its vision: We want our church - the institutson, the building and the community ofpeople - to be.. holy.. we are about God, and offenng a settsng in which people may encounter God and in which the life of the spint may flounsh. welcoming.. we wantpeople to find ways in and belong - whatever theirage, backgroundor tradition. learning.. we want to be a place where faith and understanding are questsoned, explored, discovered and nurtured. canng.. we want to share gra￿ of God in Christ thmugh words and deeds. We seek to offerp3Stora/ care andsupport the worfd church. To assist in fulfilling this Statement, PCC works to a set of more specific objectives in set out in a document The Next 10 Years,, which was created in 2015 and reviewed during 2018. The PCC is responsible for furthering the church's mission throughout the parish, in co-operation with the incumbent. The PCC is also responsible for the upkeep and maintenantr of the church and the Trinity Centre. Responsibility for maintaining the grounds of the site is shared with Birmingham City Council ('BCC'), whilst the boundary walls are wholly the responsibility of BCC. Holy Trinity was a member of the Sutton Coldfield Group with two other local Anglican churches, St Chad s Sutton Coldfield and St Peter's Maney, until the establishment during 2023 of an Oversight Area including these three parishes and Emmanuel, Wylde Green. Revd Canon Becky Stephens was appointed Minister of the Oversight Area. We are also a member of Churches Together in Central SL￿on Coldfield, workirTrg with other local denominations through clergy collaboration. Holy Trinty 15 an Eco Church, working to improve our relationship with the environment, and a member of Inclusive Church to further promote our vision of openness to all regardless of race, sexualty, etc. STRucfuRE AND MANAGEMENT The PCC operates a 5twcture of committees to which it delegates functions, and each seeks to implement the vision ststement within its own sphere of responsibility. From time to time there are also Workrng Groups of relatively brief duration established to address particular issues. The structure during this year has been.. standing- monitor5 the work of the other committees, deals with finance & legal issues between PCC meetings tsking urgent decisions on behalf of PCC within defined limits. Church Life Committees." Worship & B￿￿er - oversees regular planning of *rvices, rotas & music, & the planning of special services. oversees links with the prayer groups, and pr¢JJuces parish prayer sheets. Children & Young People- oversees work with young people, both church-based & in the wider parish,, & is responsible for Complian￿ wtth Children & Young People Safeguarding policies. Buildings & Grounds- Supervises maintenance of the buildings and grounds. is also restK)nsible for compliance with health & safety regulations. Tnnity Centre & Church Management - manages the day-to-day running of the buildings, including marketing and letting. Mission-oversees links with charities and wider church groupings, church magazine, website & general publicity, & organises faith development. Pastoral Life - oversees pastoral visitor5, including baptism team, & is responsible for compliance Vulnerable Adult Safeguarding policies Social- organizes & promotes social events, & provides catering at other church events. Fnends of Holy Tnnity- engages with the wider parish, seeking to improve links and generate funding for maintenance of the church building, through a programme of concerts and other events and through attivities focused on the building's heritage. standing Committee is made up of senior PCC officers, and chairs of the other committees; each of the other committees and working groups 15 a mix of PCC members & people drdwn from the wider congregation. The PCC and committees have all progressed their areas during the year. The PCC holds five scheduled meetings each year, one each quarter and an additional one soon after the AnnLral Meeting to appoint officers. Occasionally PCC takes votes by on-line communication where a decision is needed particularly quickly on a non-controversial issue. The committees met at regular intervals during the year, and PCC received regular reports from its officers and committees. HOLY TIUNITY PARISH CHURCH OF surroN COLDFIELD ANNUAL REPORT OF THE TRUSTEES For the year ended 31st December 2023 CHURCH AThENDANCE The electoral roll was revised in the month before the APCM; the number on the roll at the date of the 2024 APCM was 135 (in 2023 it was 128). Attendan￿ has continued to increase, and a number follow the 5eNices from home as they continue to be live- streamed via FaceBook, either at the time or subsequenlly. Numbers at some of the Advent and Christmas services increased. During the year 16 people were baptized and O confirmed; 6 couples were married. 14 funeral services were held in church. STAFFING Revd Canon John Routh served as Rector until his retirement on 1st March 2023. Revd Leanne Carr continued nominally as Curate, but continued a secondment to a nearby parish, subsequently securing the post of priest-in- charge of that and a neighbouring parish. Both were employed and paid for by the Church Commissioners. Support continued from two Assc£iate Priests - Revd Paul Duckers and Revd Carol Hoare. Revd Canon Becky Stephen5 was licensed on ioth September 2023 as priest-in-charge of Holy Trinity, a half-time role combining with her half- time role as Vicar of St Peter's Maney. The Holy Trinity post is subject to review after 2 or 3 years. From the autumn of 2023 Revd Averil Lauckner has also served as an Asstxiate Priest at Holy Trinity. At the 2023 Annual Meeting Colin Ingley and Stella Thebridge were re-elected as Church Wardens. We now employ a part-time Parish Administrator (Sin￿ 1st December 2022), and a Site Facilitator (since 1st February 2023). We also employ a part-time Youth Work Co-ordinator, the role largely funded by a grant from Sutton Coldfield Charrtable Trust (SC￿). In the absen￿ of a Director of Music (Sin￿ March 2023) we have engaged organists to play Sunday servI￿s, and Stella Thebridge has temporarily agreed to support the choir until a new Dirertor can be appointed. We also pay for the se￿iceS of a self-employed person as out-of-hours steward in the Trinity Centre. Beyond our clergy, main officers and staff, our operations are dependent on the services of a great many volunteers drawn mainly from the congregats'on. We are grateful for all those who offer their time and skills, but we are aware there are many tasks for which we need additional volunteers. REVIEW OF THE YEAR Anglican and ecumenicalrelatsonships The Anglican group has developed into a formal Oversight A￿a which includes Holy Trinity, St Chad's, St Peter's Maney and Emmanuel Wylde Green. We combined for an Ash Wednesday service, shared a Lent group, and held the annual Marriage Preparation Day. Ministers meet for Morning Prayer on a Wednesday. An Oversight Area youth group is in the early stages and meets every other Sunday evening. Participation in Churches Together in Central Sutton Coldfield continues. Ministers of the various churches meet regularly and the Churches Together Week of Prayer for Christian Unity was held at St Peterfs. We continue to support the food bank run by Sutton Coldfield Baptist Church, which is being asked to support many in need during this financial downturn. We have maintsined some contatt with the Masjid, with the Priest in Charge attending an Iftar at Bishop Vesey School one evening. Transfomiing Church/Peop/e and￿a￿S In 2021 PCC agreed a Transforming Church Action Plan. The particular areas covered are: increasing inclusiveness and environmental engagement, developing lay leadership, children and families work rebuilding finan￿5, in particular stewardship and Trinity Centrelchurch rental income. The Oversight Area has now been formalised and Revd Canon Becky Stephens has been appointed as the Oversight Minister. In the coming year, the PCCS of each church will gather to find ways to wort( together. HOLY TRINrrY PARISH CHURCH OF SUThON COLDFIELD ANNUAL REPORT OF THE TRUSTEES For the year ended 31st December 2023 Ciwc responsibilitses The church hosted the annual Civic service in May and Remembrance Service in November, welcoming the new Mayor and councillors of the Royal Town Council as well as Birmingham Cty Councillors, our MP and the deputy Lord Lieutenant of the West Midlands The Priest in Charge has been appointed as the Chaplain for the High Sheriff of the West Midlands. The day after the coronation of King Charles III the Sunday morning service commemorated the occasion and the choir sang a specially composed anthem for parish churches. Buildings Our buildings are both maintained in good condition. The main issues arising in both places have been heating systems. We continue to have problems with a build-up of residue in the church system, now partially resolved including the purchase of one new boiler. In the Trinity Centre the boilers need replacing - we hope to do this as soon as funds allow. Following the church quinquennial ir)spection in 2022, recommended work has tsken place in the latter part of the year and is ongoing in 2024. In the grounds, Birmingham City Council continue with works to repair the SOLrth-west corner of the boundary wall. In the Trinity Centre redecoration of the Longman Room has not taken place but we hope this might be possible in 2024. Worship & prayer During the year we completed our return to pre-Covid-19 arrangement with offertory collections during services nd a return to sharing the common cup (chalice). Our 'AII-age' Service on the second Sunday of the month, has continued, led by our youth worker until her retirement in January 2024, then by different clergy. We welcomed Bishop Vesey Grammar Schwl for their Founder's Day Service in October, and continued to refine arrangements on Remembrance Sunday in conjunrtion with the Town Council. Children & young people TC Tots continues to serve 0-4 year olds and their carers on Wednesday mornnigs in term-time. Following the retirement of Susie Walker, our youth worker, arrangements have been made for continuation of both our younger youth group on Friday evenings and a group for teenagers from the oversight area parishes on Sunday evenings. We are fortunate to have funding from Scct continuing for a youth worker until 2025. We were pleased to appoint a schwl sixth-fomier to the PCC at the April APCM. S(Kial& pastoralcare Social events, including the monthly Film Club and Knrt 'n' natter group, continue to welcome members from the congregation and wider community. Home communions continue on the first Sunday of the month, though pastoral visiting has not been formally resumed as hoped. Discipleship & mission For Lent, we joined in with St Peter's and studied The Won7en ofHoly Weekby Dr Paula Gooder. Going forward, the mission committee are planning a 5 session study on the Marks of Mission. We have continued to work on environmental matter5 working towards our Gold Eco-Award. We were sorry that our eco-advocate has resigned but hope to keep up the impetus of her work in coming months. During the year we supported various charities - Christian Aid, Children's Society, Macmillan Cancer Support, as well as our charity for 2023 Birmingham City Mission. Friends of Holy Trinity (ind. heritage events) The Friends, programme of concerts, sUPPOrted by the Social team, has been very enjoyable and well-received, though less financially rewarding with pressures for audiences on time and money, and increasing performer / artist costs. The Heritage Open Day in September attracted 300 visitors and was part of a suctr5sful "Birmingham Heritage week in Sutton Coldfield" which ensured added publicity. Thi5 will continue with the heritage secretary on the organising committee of the Week (Sutton Coldfield Heritage Ne￿Ork). A number of tours by schools and adult interest groups took place. Tudor Christmas over 5 evenings and a Saturday morning in December attracted over 200 people in totsl, including a large number of under 16s. HOLY TRINrrY PARISH CHURCH OF SUThON COLDFIELD ANNUAL REPORT OF THE TRUSTEES For the year ended 31st December 2023 Finanoal and othersystems During the year we made progress on moving our bank accounts from HSBC to Cooperative Bank but still have 2 accounts with HSBC at present. Further prog￿$5 is expected in 2024, We have adopted cloud based accounting package which has been used for these accounts and will avoid reliance on spread sheets. We bought subscription to a hall booking system which was tested but this has not been fully adopted as it may not be wholly suitable. The staff have had other priorities but an online booking system is still an aspiration. Lega/ matters andpolioes We believe we fully comply with legislation, in particular that covering Data Protection (Karen Wright is the OffI￿r responsible), Health and Safety (Paul Medlicott) and Safeguarding (Revd John Routh, then Tanya Arroba, supported by Liz Petley). The relevant policies and our compliance with them are reviewed regularlyi Wlth an opwrtunity to report at the quarterly PCC meetings. FINANCES (including Reserves Policy) Assets andbabilitses Fixed assets increased by £18,522 dunng the year, within which the value of investments increased by £29,861 compared to a reduttion of £33,722 in 2023 reflecting share prices recovering after the ￿cent financial downturn. Net current assets fell by £23,929 compared to an increase 2021 to 2022 of £34,548, within which bank/cash balances and cash deposits increased by £10,342. Current liabilities include approximately £30,000 reserve for ￿rtIFIcated work on Fabric Repairs paid earfy in 2024 and debtors include grants awarded on staged payments still to be claimed. Other than these items figures are broadly comparable. Overall, unrestricted and designated funds total £417,747 compared to £399,166 while restrirted funds and endowments totsl £89,109 compared to £93,096. The overall reduction reflects approximately £50,000 spent on church fabric, approximately £30,000 increase in investments but otherwise a Small surplus after depreciation. Main Operating Funds Key features of the funds covering day-to-day operations during the year are: Income & Expendknre Account This is an unrestricted fund. Overall income totalled £141,996, an increase of 2.619 (1.50￿) on the previous year. The totsls are distorted by 2 items; firstly the grant for our Youth Worker of £14,600 has been shown as restritted fund and is not included in this income figure, and offsetting this we continued to pay rent on our former curate's house unts'l August 2023 as a cost but received IOOWO of this back from the DI0￿Se of Bimingham so overall income increased. The main regular source of income is planned giving and the collection plate; at £106.265 this was £6,294 (6.30A) more than the year before reflecting the deaths of several members over the lasi two years, but some new donors and introduttton of card readers. A legacy of £9,985 made a big differen￿. Expenditure was £141,044, a decrease of £10,372 (6.8010) on the previous year relflecting only s part year of paying rent on curate's house.. the contribution to the Diocesan Common Fund was,unchanged at £68,775, salary costs increased by £7,416 were £37,360, Insuran￿ of the church building was £1 1,000, and utility charges were £5,264. We are fortunate to have fixed pri￿ contracts for utilities that have protected us from energy pri￿ rises so far. The resulting surplus was £952 A final transfer from Trininy Centrr operations and allocation of clergy housing and expenses against restricted income lesvrd a closing balance of £17,033. Our general long-term aim is to hold a balance of around £38,000 in this Fund, which is approximately 3 months, Outgoings Fund but for now we have other designated funds we can call upon if necessary. Tnnity Centre Operdtsons Fund, This is a designated fund. Income to the fund was £59,646, an increase of 150/0) on the previous year which was a record high in cash terms as letting5 returned to post Covid-19. There is greater use, we are encouraging childrens parties and gaining clients, Expenditure was £51,446, an increase of £10,259 (24010) through a combination of using paid out of hours staff and contract cleaners more, higher costs generally and higher repair costs. Overall we recorded a surplus of £8,200. A tranfer to T maintenance fund leftleaving a closing balan￿ of £9,554 moved to general account as this fund closed. The combination of these tmo funds was £1,033 surplis compared to a deficit in 2022 of £3.316, a considerably better outcome than we had budgeted. We continue to work on developing sources of income for both funds. Meanwhile we continue to monitor our finan￿5 closely. Our most recent financial projettions suggest that we will need significant legacies, grants or donations to cover our costs and are some way away from rebuilding reserves, reserve5 to our tsrget figures. Other funds HOLY TRINrrY PARISH CHURCH OF surroN COLDFIELD ANNUAL REPORT OF THE TRUSTEES For the year ended 31st December 2023 Tuming to our other funds, both designated and restricted, the key features for the year and our policies towards those fvnds are.. Renewal Fund This fund is wholly designated, all funds restritted to the reordering projert having been spent. Income was £5,479 from investment income. Expenditure was £29,577, being depreciation (£5,171) and replacement boiler (£11.194) plus professional fee5. Investments increased in value by £9,941. As the reordering project has been completed the PCC agreed to combine this fund with the Fabric fund to simplify accounts. All monies spent has been to support deficits or pay for building projects and there is no need to distinguish between them. This means the fixed assets are also transferred to depreciation will be charged to combined fund in future. Prior to the merger wrth Fabric funds, the closing balan￿ was £244,794. Fabnc Fund The purpose of this fund is rna1ntenan￿ of the church & grounds. The fund is part designated, part restricted (where donations come from the Frrends Fund). 11 investment income was allocated to Renewal fund so there was no income with expenditure of £29,888 restritted and £29,577 unresritted The balan￿ before transfer to Renewal fund was £43,608. We expect to use part of this during the next year to complete the work stsrted in Autumn 2023 Under nom)al circumstances we aim to build up the balantr on a 5 year cycle so that around £50,000 is available to pay for costs arising from Quinquennial Inspettions, the next one being due in 2027. However, longer temi, we are aware the south aisle roof will need replacement at a (current) cost of around £IOO,000. So we aim to increase the Fund beyond £50,000 in the next two or three years if possible and may need grant fur7ding to achieve this. Tnnity Centre maintenan￿ Fund The purpose of this designated fLrnd is maintenance of the Trinity Centre. No expenditure has been allocated to thi5 and investment income and underlying investment values from recovering 2022 losses added £14,136 plus £20 interest after an allocation from Trinity Cemtr The closing balan was £112,272. As the building and its equipment ages some repair5 and replacements will be costly, so our aim is to maintain a balan￿ of around £IOO,000. We expect the first of these major outlays, replacement of heating System instslled 26 years ago, to happen during 2025 as we work out optimum soluts'ons consistent with Church of England zero carbon targets and meeting green energy and eco church tsrgets that are affordable both to run and to install. Friends of Holy Tnnity Friends engages with the wider parish community and offers them a means of supporting the maintenance and development of the church fabric. This restricted fund deals with Friends operations. Artivity has increased but attendance is still not yet at pre- Covid-19 levels. Income was slightly lower at £14. 196, wtth costs of £8,380. The fund needs £1.500 for working capitsl and any surplus is available to transfer to Fabric Fund. While it Is unlikely that this fund will generate more than is needed to maintain and continue to develop the Church building. PCC agreed to treat 2024 revenue as a designated fund although the primary purpose is to fund both essential works and extrds that the PCC may not otherwise choose to fund. Monies to 31 December 2023 is carried foNard as restricted funds until spent. OtherFunds The Clara Fowler Charity Endowment (£33,479) and Assistant Curates Fund (£33,234) both recovered from last year decreases in the value of investments. Both funds have very restricted uses, being the payment of the costs of having stipendiary clergy. ACKNOWLEDGEMENT AND REMEMBRANCE PCC gives its thanks to all who have contributed to the life of Holy Trinity over the last year - as officers, as committee member5, oras willing helpers filling the many roles necessary within ourchurch community. The church could not function without so many generous people who give of their time, reSoUr￿S and God given gifts. It is through this giving that we are able to shine the light of Christ and share God's love in our parrsh, community and Lkyond. Finally, since the beginning of 2023 we have seen the deaths of members of our church community, past and present.. notably Judy Watson and Pat Duckers. We remember them with love and thanks. On behalf of the PCC Revd Canon Becky Stephens, Chair. October 2025 HOLY TRINITY PARISH CHURCH OF SUThON COLDFIELD ANNUAL REPORT OF THE TRusfEES For the year ended 31st December 2023 Independent Examiner's Report to the Trustees of Holy Trinity Parish Church of Sutton Coldfield I report to the charity trustees on my examination of the accounts of the charity for the year ended 31st December 2023 which are set out on pages 10 to 19 Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Att?. I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Art. Independent examiner's statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in settion 145 of the Art. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountsnts in Englands and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examir)ation giving me cause to believe that in any material respect: l. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records. or 3. the accounts do not comply with the applicable requirements Con￿rnIng 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 rue and fair view, which is not a matter considered as part of an independent examination. I have no contrms and have come across no other matters in connection with the examination to which attention should be drawn in thi5 report in order to enable a proper understanding of the accounts to be reached. Nicholas Burrows FCA HaNo(xJs Chartered Accountants l Trinity Place Midland Drive Sutton Coldfield West Midlands B72 ITX Date Ottober 2025 HOLY TRINrrY PARISH CHURCH OF sirrroN COLDFIELD ANNUAL REPORT OF THE TRUSTEES For the year ended 31st De￿mber 2023 Holy Trinity Parish Church Sutton Coldfield ststement of Trustees responsibilities The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in IEngland & WaleslNorthern Irelandl requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP 2015 (FRS 102)-, make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions ofthe trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. HOLY TRINITY PARISH CHURCH OF SUTTON COLDFIELD REVISED STATEMENT OF FINANCIAL ACTIVITIES Year ended 31 December 2023 Unrestricted Restri¢tsd Endowment Totsl Prior year note funds funds funds funds total funds Income and endowments from.. Donations and legacies Income from charitable activities Other trading activities Investments Total income Expenditure on.. Raising fvnds 138,089 6,397 57,156 5,500 207,142 15,983 12,906- 154,072 19,303 57,156 7,457 237,988 149,862 6.455 68,001 15.428 239,746 2b 2c 2d 1,042 29,931 915 915 316 5,862 - 6,178 9,112 Expenditure on charitable activities Other expenditure Total expenditure before transfer 3b 221,751 44,799 528 267,078 208,229 73,25 -35,268 17, 22,405 -14,925 -20,730 11,328 8.687 -8,687 Gross transfers between funds - in Gross transfers behveen funds - out 11.238 (3,660) 3,660 -11,328 14.898 -14,988 Gainsllosses on investment assets 14.137 12,822 2,902 29,861 -33.970 Total funds brought forward 51, ,577 Total funds carried forward 417,270 35,629 33,479 486,765 492,262 Represented by Unrestricted General Fund 17,033 17,033 5,099 Fabric Fund 288,442 - 288,442 43,608 Renewal Fund Trinity Centre Trinity Centre Maintenance Restricted ACS And Other Investments Fabric Fund Frtends Of Holy Trinity 250.991 10,901 88,567 112,272 112.272 33,234 - 33,234 30,353 29,588 2,579 2,395- 2,395 Endowment Clara Fowler Total funds carried forward 33,479 33,479 33.479 486,855 30,576 492,262 417,747 35,629 The notes on pages 12 to 19 form part of these accounts Page 10 HOLY TRINITY PARISH CHURCH OF SUTTON COLDFIELD REVISED BALANCE SHEET as at 31 De￿mber 2023 as at 31 December 2022 Note Flxèd as¥ots Tangible Assets Investments 61,643 309,941 371,584 72,982 280,080 353,062 Cvrr8nt a$$gts Debtors Cash At Bank ArKI In Hand 25,080 145,488 170,568 16,927 135,146 152,073 LiabllltSes Creditors.. Amounts Falling Due In One Year 55,297 12,873 Net current assets less current liabilities 115,271 139,200 Total assets les$ ¢uFrent liabilities 486,855 492,262 Creditors.. Amounts Falling Due In MO￿ than One Year 492,262 Representèd by Unrestricted .General Funds 17,033 5,099 Dèsignatsd Fabric Fund incl rènewal 288,442 250,991 merged with fabri Renewal Fund 43,608 .Trinity Centre Trinity Centre Maintenance merged with gen 10,901 112,272 88,567 400,714 394,067 Restrlcted ACS And Other Investments Fabric Fund Friends Of Holy Trinity PGC General Restricted 33,234 30,353 29.588 2.395 2,579 35,629 62.520 Endowmgnt Clar8 Fowler 33,479 30,576 Fund Totals 486,855 492, Rev R Stephens Chair David Thebridge- Treasur The notes on pages 12 to 19 form part of these accounts Page11 HOLY TRINITY PARISH CHURCH OF SUTTON COLDFIELD NOTES TO THE REVISED FINANCIAL STATEMENTS Yèar ended 31 December 2023 1 ACCOUNTING POLICIES The PCC of Holy Trinity Parish Church of Sutton Coldfield is a uninctrrporaled charity in England I Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the reglstered office is given in the charity information of these financial statements. The principal activity is the advancement of religion, covering those things which are part of the nomal adivty of an Anglican Parish Church. The charity eonstilules a public benefit entity as defined by FRS 102. The financial slalemenls have been prepared in accordance with Accounting and Reporting by Charitie5'. Slalemenl of Recommended Practice applicable lo chartties preparing their accounts in acctsrdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011, and UK Generally Accepted Accounting Practice. The financial slalemenls are prepared on a going concern basis under the historical cost ￿nventIOn, modified lo include certain items al fair value. The financial slalemenls are p￿sented in sterling which is the functional currency of the Charity and rounded lo the nearest £1. The significant accounting policies applied in the preparation of these financial statement5 are sel out below. These policies have been consistently applied lo all years presented unless otherwse stated. Funds Unrestricted funds ￿present funds of the PCC that are not subject lo any restrictions regarding their use and are available for the general purpose of the PCC. Designated funds comprise unrestricted funds that have been sel aside by the Ifustees for particular Purposes. The aim and use of each designated fund is sel out in the notes lo the financial statements. ReslTicled funds are funds which are lo be used in accordance with specrfic restriction5 imposed by donors or which have been raised by the charity for particular purpose5 Endowment funds represent those assets which must be held permanently by the charity, principally In the Church of England Investment Fund. Income arising on the endowment funds can be used in accordance wth the restricted purpose of the endowment, and is included as unrestricted income. Any capital gains or losses arising on the investments form part of the fund. Investment management charges and legal advice relating to the fund ale charged against the fund. Funds do not include the accounts of church groups that owe their main affiliation to another b¢￿￿Y nor those that are informal gatherings of church members. Incoming Resources Free Will Offenng and Other Voluntary Income.. Colledions and Planned Giving, whether or not under covenant, are ￿cOgniSed only when ￿ceIVed. Income lax recoverable on covenanted or gift aided Planned Giving is accrued with the donation. Grants, donations, legacies and bequests are recognised when the income is received, or, in the case of grant funding bodies. when A diocesan grant towards increased energy costs has been accrued lo ensure il is available when our fixed price contracts end. No amount is included in the financial statements for volunteer time in line with the SORP IFRS 1021. Funds raised by fund raising events are accounted for gross unless the related expenditure is not material. Charitable Trading". Income from Charitable Trading is accounted for gross when receivable. Income for Redislribulion.. Income received specifically to be passed on lo specified good causes is accounted for when re¢eived. Friends of Holy Trinty Life membership and associated fees are recognised over 5 years with a full 20°h recognised in the period of receipt. Annual membership is recognised in full on receipt as il is non-refundable. Season ticket income is recognised over the number of events held with any sums paid in advance shown in credf(ors. Ticket sales foi future events are shown in creditors and only recognised once the event has taken pla￿. Gains and Losses on Inveslmenls.. Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation at bid value as al 31 sl December. Resources Used Grants". Grants and donations lo charrties or individuals are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. Other Expenditure.. The Diocesan Common fund is a￿O￿nted for when payable and other expenditure as incurred. Where appropriate, expenditure is accrued or prepaid. Expenditure on re-ordering the church building and major maintenance works is Iiealed as an expense. Expenditure on fumiture as part of the re-ordering was caprtalised, and is deP￿clated against the Renewal Fund. Page 12 HOLY TRINITY PARISH CHURCH OF SUTTON COLDFIELD NOTES TO THE REVISED FINANCIAL STATEMENTS Year ended 31 December 2023 1 ACCOUNTING POLICIES Ictd) Fixed Assets Consecrated building and re-ordering Consecrated and beneficed propety was excluded from the Accounts by s 9612) of the 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 DI0￿$an Finance Offi'cers that the church should be treated as a consecrated building rather than a henlage asset. So expenditure on the fabric of the building is not capitalised. Expenditure on fumiture and a new {moveablel organ console is capitalised. Unconsecraled buildings The cost of land attributable to property is not depreciated. Other propety is depreciated on a straight line basis over the estimated life of the asset as follows. Freehold buildings Other Fixtures, Fittings and Office Equipment.. Organ console and related loudspeakers - purchased in 2017. Fixtures and equipment acquired as part of the development of the Trinity Centre is written off over Subsequent additions are written off over Moveable furnishings for the reordering will be written off over Copier and similar equipment where capilalised 50 years 15 years 15 years 5-10 years 5-15 years 3-5 years Impairment of assets From lime lo time the PCC consider the carying value of assets held by the PCC and whether their value in the accounts is a true reflection of their continued value to the PCC. If the PCC considers that the value has been impaired an adjustment is made to the value of those assets. Investments and Investment gains.. Investments are valued at fair value using the bid market value at the year end. Any unrealised 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 liquid investments and are held at fair value. These include cash on deposit and cash equivalents with a maturity of less than one year. Debtors and creditors - within one year Debtors and creditors with no slated 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 resull of a past event. 11 is probable that an oufflow of economic benefits will be required in settlement and the amount can be reliably estimated. Other matters Employee benefits When employees have rendered service to the charity, short temi employee benefits to which the employees are entitled are recognised at the undiscounted amount expected lo be paid in exchange for that service. The chanty operates a defined contribution plan for the benefit of ils employees. Contributions are expensed as they become payable. Tax The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered lo pass the tests set out in Paragraph 1, schedule 6, Finance Act 2010 and therefore it Meets the definition of a 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 of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concem. Page 13 HOLY TRINITY PARISH CHURCH OF SUTTON COLDFIELD NOTES TO THE REVISED FINANCIAL STATEMENTS Year ended 31 December 2023 Unrestricted Funds Designated Restricted Endowment Funds Funds Funds TOTAL FUNDS 2023 2022 2 INCOME AND ENDOWMENTS FROM: 2a Donations and legacies Planned giving.. Free Will Offering Tax refunds on Covenants and gift aid Collections 82,438 20,770 2,964 82,438 20,770 3,057 78,884 19,303 1,784 93 Subtotal 106,172 93 106,265 99,971 Other giving.. Donations Bequests Grants Gift aid on donations Curate housing contrib Other income 8,888 9,985 1,131 10,019 9,985 14,600 159 8.955 4,089 4,773 30,000 12,514 14,600 159 8,955 4,089 9,350 1,401 138,089 15,983 154,072 158,009 2b Income from charitable activities Magazine sales and other events Friends events Fees Letting of buildings.. church groups 681 681 1,056 12,906 12,906 3,226 2.490 17.402 6,455 1,390 3,226 2,490 3,907 2,490 12,906 19,303 26,303 2c Other trading activities Letting of buildings: third parties 57.156 57,156 49,356 57.156 57,156 49,356 2d Investments Dividends and interest 5,51)0 1,042 915 7,457 6,078 5,500 1,042 915 7,457 6.078 TOTAL INCOMING RESOURCES 141,996 65,146 29,931 915 237,988 239,746 Prioryear figures.. 2a Donations and legacies 2b Income from charitable activities 2c Other trading activities 2d Investments 127,623 9,670 270 1,814 30,386 1,390 49,086 4,264 158,009 26,303 49,356 6,078 15.243 139,377 85,126 15,243 239,746 Page 14 HOLY TRINITY PARISH CHURCH OF SUTTON COLDFIELD NOTES TO THE REVISED FINANCIAL STATEMENTS Year ended 31 December 2023 Unreslricled Designated Funds Funds Restricted Endowment Funds Funds TOTAL FUNDS 2023 2022 3 EXPENDITURE ON: 3a Raising Funds Friends and other events 316.00 316.00 5,862 5,862 6,178 6,178 9,112 9,112 3b Charitable Activities The Ministry Diocesan Common Fund House expenses & alloWan￿S The Church & Pansh Expenses Administration-staff Administration-other Independent examiners fees Worship Buildings running costs Event costs The Trinity Centre expenses Buildings costs Insurance Depreciation of assets Church Fabric Maintenance Trinity Centre Maintenance Grants Donations lo charity 68,775 7.615 68,775 8,143 68.775 15,561 528 27,398 9,962 1,475 5,873 7,902 486 14,600 518 41.998 10,599 1,475 5,873 22,331 486 18,450 39,679 5,527 1.575 5,265 6,863 1.702 23.306 119 14,429 18,450 11,073 1,703 11,338 21,213 13,770 12.776 11,338 50,801 13,770 12,839 12.393 3,454 8,842 29,588 170 93 263 2,448 140,729 81.022 44,799 528 267,078 208.229 TOTAL RESOURCES EXPENDED 141,045 81,022 50,661 528 273,256 217,341 Prioryear figures.. 3a Raising Funds 3b Charitable Activities 9.112 1,052 9.112 208.229 152,368 54,809 152,368 54,809 10,164 217,341 Page 15 HOLY TRINITY PARISH CHURCH OF SUTTON COLDFIELD NOTES TO THE REVISED FINANCIAL STATEMENTS Year ended 31 December 2023 2023 4a RESOURCES EXPENDED Nel incoming loutgoingl resources a￿ after charging. Independent Examiners Remuneration Depre￿ation 1,475 11.339 1,575 12,393 4b EMPLOYEES Salaries Soci81 Security Costs Pension c￿ntribu￿On$ other costs 38.350 33,073 -159 385 e,380 39,679 204 3,444 41.998 The above represen15 gross remuneration for all employees. Other costs In¢lude5 reirnbursemant of expen$e$ and costs of the self-employed evening steward515ee below). No employees reoived total employee benefits lexcluding employer pension costs) of more than £60.000 The aveTrge number of staff employed (with no alloNYdnce for whether part or fiJll timel was 312022- 21. This comprised two Part lirDe staff making up one full time rfuivalenl of parish admini$irator and site faolitator as well as a part time work youth ctrordinator ernployed throughout the year. PCC al30 engaged two self*mployed people at times during the year.. 8n occasional evening steward for the Trinrty Centre, and, until Feb 2023. a Director of Music. No member of PCC received any remunerats.on 4c Trustee expenses and remuneration Trustees receive no remuneration Three of the four mam￿r$ of Clergy received expenses incurred in the perfomiance of their ministry. Rev'd J Routh received £47512022- £2.0371 for expenses of offi¢e and expenditure Incurred on behalf of PCC, Rev'd C HO8￿ received £O12022- £39418nd Revd L Carr received £O12022- £7321 2023 2022 Rev'd J Routh's reimbursernent5 comprised. Travel & Sub51Stence Expenses of office PCC Housing Expenses Incurred on behalf of PCC 23 133 335 1,419 30 253 323 Rev'd C Hoare and Rev'd P Duckers ￿te1ve fees for taking funera15, which are admini$tered by Holy Trinity from funds paid by the relevant pattie$. Re¥/d J Roulh and Rev'd R Stephens werelare trustees. Rev¢J C Hoare. Retyd. A Lauckner and Revd P Duckers a￿ not. In addits.on lo Rev'd J Routh 312022. 51 PCC members andlortheir spouses were reimbursed for previously authorised costs incurred on behalf of PCC totslling £21312022- £2241 All these costs were for materials and services purchased on behalf of PCC. One trustee wa$ also paid £840 as pianisuorganisl forwor5hip and choir ￿hearsalS 4d PENSIONS AND OTHER POST-RETIREMENT BENEFITS The tharityoperatey a defined contribution pension plan for its emtyoyees. The amount recognised as an expense in the period was £20412022- £3851. The defined contributson liability 15 allocated to unrestricted funds and ¢haritable activitses. 4¢ RELATED PARTY TRANSACTIONS Other than the payments refer￿d lo in note 4c the￿ were no related party transactions during the period12022 Nil) 6 FIXED ASSETS FREÉHOLD PROPER Trinity Centre EQUIPMENT The Trinity Centre TOTAL Church At ¢05t Balance 1 January 2023 873.488 188.768 291,197 1.331,431 Additions Balan¢e 31 December 2023 873,488 166.768 291 197 1,331,431 Oeprecl8tJon and impal￿?nt Balance 1 January 2023 Charge for period 873.488 102.175 282,808 1,258,449 8,144 3.195 11.339 Balance 31 December 2023 873.488 110.319 286,003 1,269 788 Net Book Value At 31 December2023 5,194 81.843 At 31 December 2022 84.593 72.982 Page 16 HOLY TRINITY PARISH CHURCH OF SUTTON COLDFIELO N( NOTES TO THE REVISED FINANCIAL STATEMENTS Year ended 31 De￿mber 2023 6 INVESTMENTS Al 1 January 2023 Additions Revaluation - unrealised gains unrealised losses 280,080 29,861 At 31 December 2023 309,941 Cost Market Value lus 31-Dec-23 2023 Surplusl Deficit Market Value 31-Dec-22 Shares 31-Dec-23 Sur Designated funds Renewal Fund Church of England Investment Fund ('} Charinco Income Fund Church of England Investment Fund ("} Trinity Centre Maintenance Church of England Investment Fund (') accumulation units 4,825 7,034 102,037 2,650 751 136 4,737 109,071 3,401 4,873 9,455 65 422 99.616 3,336 4,451 221 2.104 30.248 95,636 125,884 14,136 111,748 40,068 203,161 243,229 24,078 219,151 Restricted Fund Assistant Curates Fund Church of England Investment Fund {") 1.507 925 32,308 33,234 2,881 30,353 Endowments Clara Fowler Charity Church of England Investment Fund (') Totsl at 31 December 2023 1,481 1,678 31.800 33,478 2,902 30,576 42,671 267,269 309,941 29,861 280,080 At 31 Decernber 2022 42,671 237,409 280,080 The income from the above investments is credited as follows.'_ Renewal Fund Allocated to Fabric and Renewal fund Assistant Curates Fund Clara Fowler Charity Trinity Centre Maintenance Fund To the General Fund, applied lo Clergy expenses To the General Fund applied to Curates expenses Allocated to Trinity Centre Maintenance (") These investments in Church of England Investment Funds represent more than 5 % of the portfolio valuation. 2023 2022 7 DEBTORS Income tax recoverable Hall lettings due Prepayments and accrued income 1,679 6,131 17,270 25,080 1.503 4,893 10,531 16,927 8 CREDITORS Due within one year Accruals and deferred income 55.297 12.873 Page 17 HOLY TRINITY PARISH CHURCH OF SUTTON COLDFIELD NOTES TO THE REVISED FINANCIAL STATEMENTS Year ended 31 DeCeM￿r 2023 9 FUNDS Unrestfieled Funds Designated Funds Reslricled Funds End¢)wmenl TOTAL ReslrictedlEndowmenl funds held in investments Clara Fowler endowment Assistant Curates Fund 33,479 33,479 33,234 33,234 Unrestricted Fund Income & Expenditure Alc Other Funds - DesignatedlReslricted Renewal Fund Fabric and renewal Fund Trinity Centre Operating Fund Trinity Centre Maintenance Fund Friends of Holy Trinity 17,033 17,033 288.442 288,442 112,272 112,272 2,395 2,395 Total al 31 st December 2023 17,033 400.714 35.629 33.479 486.855 ANALYSIS OF NET ASSETS Fixed Assets- Investments Fixed Assets - Tangible assets 243,228 61,643 33,234 33,479 309.941 61,643 Current Assets 74.725 93,448 2.395 170,568 Current Liabilities 155,2971 155,2971 Liabilities due after more than one year Inler-fund Balances 12,3951 2,395 Total at 31 st December 2023 17,033 400,714 35.629 33.479 486,855 Prioryear figures Unrestricted Funds Designated Funds Restricted Funds Endowment Funds TOTAL ReslrictedlEndowmenl funds held in investments Clara Fowler endowment Assistant Curates Fund Unreslricled Fund Income & Expenditure AJC (Note 111 Other Funds - DesignaledlReslricted Renewal Fund (Note 121 Fabric Fund {Nole 131 Trinity Centre Operating Fund {Note 14} Trinity Centre maintenan￿ Fund {Nole 151 Friends of Holy Trinity {Nole 161 30,576 30,576 30,353 30,353 5,099 5,099 250,991 43,608 10,901 88,567 250,991 73,196 10,901 88,567 2,579 29,588 2,579 Totsl at 31st December 2022 5,099 394,067 62,520 30,576 492,262 Analysis of Nel Assets Fixed Assets- Investments Fixed Assets - Tangible assets cur￿￿1 Assets Current Liabilities Liabilities due after more than one year Inter-fund Balan￿$ 219,151 72,982 98.700 2,936 30,353 30,576 280,080 72,982 752,073 112,8731 41,830 8,935 11,543 1,002 127,7961 6,170 21,626 Total al 31st December 2022 5,099 394.067 62,520 30.576 492.262 Sufficient resources are held in an appropriate fom) lo enable restricted funds to be applied in accordance with any restrictions. Designated and Unrestricted funds have no reslriclions but hold sufficient cash and short term deposits I ne purpose OT eacn Tuna Is oes¢riDea In more oetaii In Tne EfusTees report Page 18 HOLY TRINifY PARISH CHURCH OF SUThON COLDFIELD NOTES TO THE REVISED FINANCIAL STATEMENTS Year ended 31 December 2023 2023 10 FINANCIAL INSTRUMENTS 2022 The carrying amounts of the eknaritws finanaal inslrurnents are as follows.. Measured at fair value through nel incomelexpenditure". Fixed a55et investments (note 61 Current asset investments 309,941 132.488 442,429 280.080 135,147 415.227 Debt instruments measured al amortised cost Other debtors (note 71 1.679 1,679 1,503 1,503 Financial liabilities measuFed at amortised cost Other creditors (note 81 55,296 55.296 12.873 12,873 11 FUNDS RECONCLIATION Opening Income Oulgoings Revaluation Transfers Other lo merge transfers Closing General 5,099 141.996 1141.0441 9.554 7,428 17,033 D&signated TFinity Centre operations Trinity Centre maintenance Renew31 Fabri Friends of Holy Trinity 10,901 88.567 250.991 43,608 59,646 21 5,479 129,5771 151,4461 19,5541 {9,5471 9,547 112,272 8.000 288,442 14.137 9,941 43.608 143,6081 Reslricled PCC General Fabri¢ Renewal Friend5 of Holy Trinity ACS investment 14.693 114.6931 129,5881 29,588 2,579 30,353 14,196 1,042 16,3801 18.0001 11.0421 2,395 33.234 2,881 Endowment Clara Fovler 30.576 915 15281 2,902 13861 33,479 492.262 237,988 273,256 29,861 486,855 Sufficient recourses are hekdin an approprialefrornlo enable restricted fun(Js lo be appliedin accordan￿ with any restrictyons. Designated and unrestrtcted funds have no restiiclion5 but hold sufficient cash and short lerrn depisits . The purpose of each funnd is described in more detail in the Trustees report. Pritsrye8r figures Opening Income Outgoings Revaluation Transfers Other to merge transfers Closing General 10.777 139,377 {152.3681 7.313 5,099 Designated Trinity cent￿ operations Trinity Centre Maintenance Fabri Renewal Friends of Holy Trinity 1.226 105,000 43,605 247,802 50.862 141,1871 12 15,2551 111.1901 10.901 88,567 43,608 250.992 34,249 18,3681 {14,6911 18,000) ReslriGted PCC General Fabric Renewal Friends of Holy Trinity ACS investmfynl 18,640 11,052) 12,000 29,588 7,761 34,382 15,243 19,112) 111,3131 2,579 30.353 14,0291 Endowm8nt Clara FovAer 34,636 14,0601 30,576 503,829 239.746 217.342 33,970 492.263 Page 19 (yro0*irJot4￿rO10(Th￿ LIJV￿CO￿OOOOq>{*¢OOt(QsjQoo0￿vItr irroioNcooooLf)-OlVTr￿if)o￿oVif?￿Trlo o *Lr)ryryLf}￿c Loooe) rf)O> 10 irj rrNvtsOOOOOOr u>O(V C aJO￿LL￿rLL:_ 2>￿.£ £LO 2 3 o£££uc) ￿ VJ Q)- Oli(i￿￿)L￿E￿O￿2u￿0U￿￿_4f>C)UQW￿C PCC Holy Trinity Sutton Coldfield Summary of income and costs year ended 31 December 2023 2023 2022 NOTE £ o Change from 2022 Income Planned giving and collections Tax reclaim 72,445 32.2 20,929 79,629 33.2 19,498 (9.0) 7.3 Donations Legacies Other funds Grants Wedding and funeral fees TC and church hire Event income Friends income Investment income Diocesan contrib to renting curate house 10,112 9,985 4,998 14,600 3,226 59,089 1,853 11,341 7,457 8,955 8,221 30,000 12.5 23.0 (66. 7) 12,514 6,455 51,132 21.3 1,822 15,048 6,077 9,350 16.7 (50. 0) 15.6 26.3 (24.6) 22.7 (4.2) 224,990 100 239,746 100 Expenditure Cost of Friends events External giving Parish share Salary costs Clergy housing and expenses Cost of music, services and admin Minor repairs- church Minor repairs- Trinity Centre Energy and water Insuran Alarm IT website Kitchen and cleaning Depreciation Cost of events, merchandise Major repairs church External examiner 5,862 263 68,775 41,998 8,143 13,502 3,256 13,770 19,074 12,776 5,254 15,746 11,339 1,222 50,801 1,475 8,399 2.448 68,775 31.6 39,084 18.0 16,835 11,246 3,454 5,291 16,593 12,839 2,197 8,648 12,394 2,311 5,255 1,575 (30. 2) (89.3) 25.2 15.4 3and9 7.5 (51.6) 20.1 (5. 7) 160.3 15.0 (0. 5) 139. 1 82.1 (8. 5) (47.1) 866. 7 (6.3) 10 11 12 13 14 18.6 273,256 100 217,344 100 {Deficit}/ Surplus Before effect of revaluing investments (48,266) 22,402 Above totals stripping out larger onewoffs "Normal income excluding legacies 215,055 209,746 "Normal expenses" excluding church repairs 222,455 212,089 Normal income less costs 7,400 2,343 ## **Independent Examiner's Report to the Trustees of Holy Trinity Parish Church of Sutton Coldfield** I report to the charity trustees on my examination of the accounts of the charity for the year ended 31st December 2023 which are set out on pages 10 to 19 ## **Responsibilities and basis of report** As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in Englands and Wales, which is one of the listed bodies. 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: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with 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 attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Nicholas Burrows FCA Harwoods Chartered Accountants 1 Trinity Place Midland Drive Sutton Coldfield West Midlands B72 1TX Date October 2025