2022-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Holy Trinity With Saint Paul Onslow Square And Saint Augustine South Kensington

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Contents		Page
Annualreport		1-13
Independent auditor's	report	14-17
Statement offinancial	activities	18
Balance sheet		19
Cash flow statement		20
Notes to the financial	statements	21 -34

Potential Risk Impact and Cause	Potential Risk Impact and Cause	Potential Risk Impact and Cause		Mitigation
Loss ofconfidence by stakeholders		due		Organisational values are clearly defined	and
to the behaviour ofsenior leadership				regularly communicated.
or staff members.				Prayer and worship are central to life at HTB.
				Oversight and governance structures are	in
				place for senior leaders and staff.
Harm comes to those in our	care due			Safeguarding at HTB is overseen by a PCC
to lack ofappropriate and compliant				Safeguarding Officer and an experienced
child and vulnerable adult				Safeguarding advisor employed by HTB.
safeguarding procedures				HTB works closely with the Diocese of London
				to ensure that it models best practice in
				safeguarding.
Harm comes to visitors or staff due		to		Internal and external H&S advisors monitor
lack ofappropriate and compliant				and report on risk areas identified.
Health &Safety procedures				Regular H&S reporting takes place at senior
				management and PCC meetings.
				Staff training in key H&S procedures is
				ongoing.
Future ofthe organisation jeopardised				Succession planning is under continual review
due to lack ofadequate succession				for key senior roles in the organisation.
planning for key senior roles				Recent smooth and successful transition	to a
				new Vicar of HTB.
Poor decision-making and breach of				PCC meetings and structures are compliant
regulatory requirements due	to weak			with Charity Commission and church law
or non-compliant governance				requirements.
structures.				Care is taken to ensure each group entity	has
				a suitable number ofindependent trustees.
				Conflicts ofinterest are handled
				appropriately, approved by the PCC, and	fully
				disclosed in the Annual Accounts.
Inability to operate in the event of a			~	Significant investment has been made in
disaster due to lack ofadequate				upgrading digital and technology systems,
business continuity planning.	Business			including moves to largely cloud-based
continuity compromised or critical				systems which has increased resilience. We
data lost through cyber-attack.				demonstrated during the pandemic our ability
				to respond flexibly and quickly in a crisis to
				organisational needs.
Cyber security risks continue	to		~	Continuous review of risks, education ofstaff
increase rapidly with changes	in			and ongoing investment in technology
technology, creating risk ofdata				solutions which counter this risk.
security breaches, impacting	our ability
to operate and potential significant
financial loss.
Donations are lower than required		to		HTB relies on God's provision and the
meet financial and cashflow				generosity ofthe congregation to meet its
obligations.				financial needs, and core members ofthe
				congregation could be approached to
				underwrite in the event ofa shortfall.
				HTB currently holds more than three months'
				working capital.

								2021
					2022			( Restated)
				Unrestricted	Restricted	Endowment	Total	Total
			Notes	funds	funds	funds	funds	funds
				E	E	E	E	E
INCOME FROM:
Donations and legacies			3a)	8,372,926	1,108,100		9,481,026	9,655,590
Income from charitable	activities		3 b)	94,832			94,832	71,620
Property and other investment		income	3c)	265,128	6,056		271,184	217,403
Other Income			3d)					105,275
TOTAL INCOME				8,732,886	1,114,156		9,847,042	10,049,888
EXPENDITURE ON:
Charitable activities			4to7	7,977,231	1,030,442		9,007,673	8,793,635
Grants and Mission Giving				659,795	231,390		891,185	765,155
Raising funds				278,875			278,875	233,634
Property management	costs		10	34,612			34,612	12,161
TOTAL EXPENDITURE				8,950,513	1,261,832		10,212,345	9,804,585
NET (EXPENDITURE)/INCOME INVESTMENT LOSS		BEFORE		(217,627)	(147,676)		(365,303)	245,303
(Loss)/Gain on investment						(17,084)	(17,084)	3,579
NET (EXPENDITURE)/INCOME				(217,627)	(147,676)	(17,084)	(382,387)	248,882
NET MOVEMENTS IN FUNDS				(217,627)	(147,676)	(17,084)	(382,387)	248,882
FUNDS BROUGHT FORWARD		AT 1JANUARY		3,985,599	404,653	108,336	4,498,588	4,249,706
FUNDS CARRIED FORWARD AT31DECEMBE			21	3p767p972	256p977	91p252	4p116p201	4498 588

			2022		2021
		Notes
FIXEDASSETS
Intangible assets		14		65,490		4,100
Tangible assets		15		546,761		623,583
Investments		16		91,252		108,336
Total fixed assets				703,503		736,019
CURRENT ASSETS
Stock of books	and publications		26,283		28,178
Debtors		17	1,129,073		1,643,270
Cash at bank and in hand		18	3,385,849		3,348,353
Total current assets			4,541,205		5,019,801
Less: liabilities	falling due within one year	19	(979,228)		(1,160,754)
Net current assets				3,561,977		3,859,047
				4,265,480		4,595,066
Less: liabilities	falling due in more than one year	20		(149,279)		(96,478)
NET ASSETS				4,116,201		4,498,588
FUNDS
Unrestricted				3,767,972		3,985,599
Restricted		22		256,977		404,653
Endowment		23		91,252		108,336
TOTAL FUNDS				4,116,201		4,498,588

			2022	2022		2021
		Notes	f
NET (DEFICIT)/SURPLUS FOR THE YEAR				(382,387)			248,882
Adjustments for:
Depreciation and amortisation		14,15	496,414		493,796
Unrealised loss / (gain) from investments			17,084		(3,579)
Decrease in stock			1,895		4,955
Decrease/(Increase) in debtors			514,197		(268,044)
Decrease in creditors			44,631		17,133
				1,074,221			244,261
NET CASH INFLOW FROM OPERATING ACTIVITIES				691,834			493,143
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase oftangible fixed assets			(407,968)		(278,285)
Purchase of intangible fixed assets			(73,014)		(4,691)
				(480,982)			(282,976)
CASH FLOWS FROM FINANCING	ACTIVITIES
Finance Lease Payments			(173,356)		(172,743)
				(173,356)			(172,743)
INCREASE IN CASH IN THE YEAR				37,496			37,424
NET CASH FUNDS AT 1JANUARY				3,348,353			3,310,929
NET CASH FUNDS AT31DECEMBER				3,385,849			3,348,353
NET FUNDS RECONCILIATION			1January		Other	31	December
			2022	Cash flows	movements		2022
Cash at bank and in hand			3,348,353	37,496			3,385,849
Finance leases		19,20	(221,597)	(29,127)			(250,724)
Net funds			3,126,756	8,369			3,135,125

					Unrestricted	Restricted	Endowment	Total
					funds	funds	funds	funds
							f	f
INCOME
Donations and legacies					8,440,819	1,214,771		9,655,590
Income from charitable	activities				71,620			71,620
Property and other investment			income		217,403			217,403
Other Income					105,275			105,275
TOTAL INCOME					8,835,117	1,214,771		10,049,888
EXPENDITURE
Charitable activities					7,298,380	1,495,255		8,793,635
Grants					739,407	25,748		765,155
Fundraising costs					233,634			233,634
Investment management		costs			12,161			12,161
TOTAL EXPENDITURE					8,283,582	1,521,003		9,804,585
NET INCOME BEFORE INVESTMENT GAINS					551,535	(306,232)		245,303
Gain on investment							3,579	3,579
NET (EXPENDITURE) / INCOME			AND MOVEMENTS	IN FUNDS	551,535	(306,232)	3,579	248,882
Transfer from Unrestricted		to Restricted Funds			(305)	305
NET MOVEMENTS IN FUNDS					551,230	(305,927)	3,579	248,882
FUNDS BROUGHT FORWARD AT 1JANUARY 2021					3,434,369	710,580	104,757	4,249,706
FUNDS CARRIED FORWARD AT			31DECEMBER 2021		3,985,599	404,653	108,336	4,498,588

3.	INCOME
							Unrestricted		Restricted		Endowment					Total	Total
							funds E		funds E			funds f				2022 f	2021 ( Restated) f
a)	Donations	and legacies
	Gift-aided
	One-off						1,751,082			316,969						2,068,051	2,351,162
	Regular giving						2,449,946			44,925						2,494,871	2,701,725
	Reversed donation*								(100,000)							(100,000)
	Income tax	recovered**					1,050,260			90,474						1,140,734	1,263,225
							5,251,288			352,368						5,603,656	6,316,112
	Not gift-aided
	Offerings						69,505			10,478						79,983	24,098
	Donations	and legacies					1,694,422			413,929						2,108,351	1,958,931
	Regular giving						1,357,711			60,323						1,418,034	1,234,350
	Other grants (Incl regrant)									271,002						271,002	122,099
							8 372926		1	108100						9481026	9655 590
b)	Income from charitable			activities
	HTB events	and courses					55,862									55,862	37,132
	Occasional	and other	services				33,943									33,943	33,048
	Bookshop and cafe						5,027									5,027	1,440
							94832									94892	71620
c)	Investment	income
	Property						254,853			1,412						256,265	212,361
	Bank interest 82 investment						10,275			4,644						14,919	5,042
							265 128			6056						221184	217403
d)	Other Income
	Coronavirus	Job Retention			Scheme												105,275
																	105,275
	*Specified	donation	received			in 2021 being redirected to other			entities in HTB group				as requested			by the donor.
	**Included	in the income			tax	recovered amount	is retrospective		gift aid to the value				off60,156.
4.	EXPENDITURE
	Expenditure	analysed	by staff			costs, other direct costs, depreciation				and including		allocated			support costs. Prior		year numbers
	have been	reclassified	and		refer to note 5for further detail.
						Notes	Salaries*	Other costs*			Depreciation and amortisation					Total 2022	Total 2021(Restated)
												f
	Charitable	activities
	Ordinary ministry ofthe			church			4,286,646		3,862,316			480,450				8,629,412	8,024,410
	Development ofsites						39,038			322,635						361,673	766,323
	Bookshop and cafe						9,415			7,173						16,588	2,902
							4,335,099		4,192,124			480,450				9,007,673	8,793,635
	Grants and	mission giving					18,903			868,752			3,530			891,185	765,155
	Fundraising	costs					207,924			59,105		11,846				278,875	233,634
	Property management			costs		10	33,976							588		34,612	12,161
	Total expenditure						4,595,902		5	120029		496		414	10212 945		9804 585

GRANTS AND MISSION	GRANTS AND MISSION	GIVING
				Unrestricted	Restricted	Total	Total
				funds	funds	2022	2021 (Restated)
				f		f	f
Gifts and regrants to	Connected		Entities
Alpha International				250,000	171,356	421,356	283,032
Church Revitalisation	Trust			253,550	53,950	307,500	271,098
St Paul's Theological	Centre						5,404
St Luke's Redcliffe Gardens				50,000		50,000	105,000
				553,550	225,306	778,856	664,534
Gifts to other UK beneficiaries
Crosslight				39,084		39,084	43,900
New Wine Trust				30,000		30,000
Focus Bursaries				14,463		14,463
Individuals*				4,575		4,575	7,700
World Vision				3,376	423	3,799	12,974
Christian Solidarity International				2,000		2,000
Glass Door Homeless	Charity				1,711	1,711	5,188
Bishop of Kensington's		Fund		1,734		1,734	2,149
A Rocha					1,435	1,435	500
Power the Fight					1,435	1,435	780
London Diocesan Fund		Kensington		1,250		1,250
Bishop of London Discretionary			Fund	1,205		1,205
Bridge the Gap							5,000
Patrick 5 Diane Regan							2,000
Wings of Healing							2,000
Light (Lindz West)				1,000		1,000
Other gifts				3,116	783	3,899	11,670
				101,803	5,787	107,590	93,861
Gifts for overseas mission
Jacqueline Pullinger	(INT)						1,025
Equip and Empower	Ministries						1,024
Other gifts					297	297	830
					297	297	2,879
Support costs allocated				4,442		4,442	3,881
				659,795	231,390	891,185	765,155

11.	SUPPORT COSTS	SUPPORT COSTS
	The following support costs		(all out ofunrestricted	funds) have been apportioned	to fundraising	and charitable activities	in
	proportion to the numbers		ofstaff in each department.
						2022 2021 (Restated)
						f	f
	IT					544,913	540,242
	Finance					272,593	262,520
	Human Resources					440,500	428,212
	Executive and legal					391,153	384,087
						1,649,159	1,615,061
11a)	Support Costs apportionment					2022	2021
	Ordinary Minstry ofChurch					1,586,348	1,560,051
	Fundraising					58,073	50,897
	Grants and Mission Giving					4,442	3,881
	Property and Investment	Management				296	232
						1,649,159	1,615,061
12.	AUDIT COSTS, DEPRECIATION AND AMORTISATION
						2022	2021
	Provision for the current	year				21,250	16,980
	Auditor's remuneration	-other services					487
						21,250	17,467
	Depreciation and amortisation					496,414	493,796

REMUNERATION	REMUNERATION	2022	2021
Wages and sa	laries	3,987,156	3,594,097
Social security	costs	395,576	359,485
Contributions	to pension schemes	213,170	206,690
		4,595,902	4,160,272

ese empl	oyees fell into th	e following	brack
		2022	2021
f60,001	tof70,000	2	4
f70,001	tof80,000	4	4
f80,001	tof90,000	0	0
f90,001	tof100,000	2	2

14.	INTANGIBLE FIXEDASSETS
							Computer
	COST						software
	Balance as at 1stJanuary 2022						117,767
	Additions						73,014
	Disposals						(14,285)
	Balance as at 31st December 2022						176,496
	AMORTISATION
	Opening balance 1stJanuary 2022						113,667
	Charge for 2022						11,624
	Disposals						(14,285)
	Closing balance 31st December 2022						111,006
	NET BOOK VALUE
	At 31st December 2021						4,100
	At 31st December 2022						65,490
15.	TANGIBLE FIXED ASSETS
				Computer	Other	Furniture
				equipment	equipment	and fittings	Total
				f	f	f	f
	COST
	Opening balance 1stJanuary 2022			1,731,473	1,721,135	547,136	3,999,744
	Additions			311,147	80,669	16,152	407,968
	Disposals			(246,057)	(5,667)	(1,920)	(253,644)
	Closing balance 31st December 2022			1,796,563	1,796,137	561,368	4,154,068
	DEPRECIATION
	Opening balance 1stJanuary 2022			1,463,407	1,415,722	497,032	3,376,161
	Charge for 2022			278,549	173,480	32,761	484,790
	Disposals			(246,057)	(5,667)	(1,920)	(253,644)
	Closing balance 31st December 2022			1,495,899	1,583,535	527,873	3,607,307
	NET BOOK VALUE
	At 31st December 2021			268,066	305,413	50,104	623,583
	At 31st December 2022			300,664	212,602	33,495	546,761
	The net book value includes:
	f191,500(2021:f112,214)ofcomputer	equipment		held under finance leases.
	f66,163(2021:f124,390)ofother equipment		held	under finance leases.
						2022	2021
						f	f
16.	INVESTMENTS
	Valuation at start ofyear					108,336	104,757
	Increase/(Decrease) in value of investments					(17,084)	3,579
	Investments at end ofyear					91,252	108,336

										2022	2021
17.	DEBTORS
	Prepayments and accrued income									579,365	520,475
	Gift aid									405,451	598,369
	Church Renewal Trust					See note 25				100,274	370,910
	Alpha International					See note 25				5,361	44,484
	Debtors for goods and		services							9,931	42,713
	Church Revitalisation		Trust			See note 25					24,769
	St Paul's Theological	Centre				See note 25				25,520	17,641
	St Luke's Redcliffe Gardens					See note 25					15,856
	Payroll loans to staff									3,171	8,053
										1,129,073	1,643,270
	The Church Renewal	Trust intercompany		debtor in 2022		is a long term debtor expected		to	be settled after	more than one year.
18.	CASH AT BANK AND	IN HAND
	Unrestricted funds									3,123,084	2,972,641
	Restricted funds									262,765	375,712
										3,385,849	3,348,353
19.	LIABILITIES FALLING	DUE WITHIN ONE YEAR
	Creditors for goods and services									416,355	337,836
	Accruals and deferred		income							270,696	552,023
	Taxation and social security									158,246	145,776
	Finance lease liability									101,445	125,119
	St Luke's Redcliffe Gardens									9,409
	Church Revitalisation		Trust			See note 25				23,077
										979,228	1,160,754
	Future minimum finance lease payments			(including	interest) due in less than a year are F117,037(2021:F132,828), due in one to five years
	are f144,205(2021:99,824), and no amounts are due in					more than five years (2021:EO).
	DEFERRED INCOME
	Deferred income comprises donations			and booking	fees received for future financial			periods.
	Balance at 1January									254,848	229,310
	Amount released to		income							(254,848)	(35,370)
	Amount deferred in		year							9,060	60,908
	Balance at 31December									9,060	254,848
	Analysis:
	Release within one	year								9,060	254,848
20.	LIABILITIES FALLING	DUE IN MORE THAN ONE YEAR
	Finance lease liabilities									149,279	96,478
21.	ANALYSIS OF NET ASSETS BYFUND
						Unrestricted	Restricted		Endowment	Total	Total
						funds	funds		funds	2022	2021
						f				F.	E
	Investments								91,252	91,252	108,336
	Fixed assets					612,251				612,251	627,683
	Stock and debtors					1,155,356				1,155,356	1,671,448
	Cash at bank and in hand					3,123,084	262,765			3,385,849	3,348,353
	Current liabilities					(973,440)	(5,788)			(979,228)	(1,160,754)
	Non-current liabilities					(149,279)				(149,279)	(96,478)
	Fund balance					3,767,972	256,977		91,252	4,116,201	4,498,588
	COMPARATIVES FOR		ANALYSIS OF NET ASSETS BYFUND
							Unrestricted		Restricted	Endowment	Total
							funds		funds	funds	2021
							E			E	E
	Investments									108,336	108,336
	Fixed assets						596,744		30,939		627,683
	Stock and debtors						1,671,448				1,671,448
	Cash at bank and in hand						2,972,641		375,712		3,348,353
	Current liabilities						(1,158,756)		(1,998)		(1,160,754)
	Non-current liabilities						(96,478)				(96,478)
	Fund balance						3,985,599		404,653	108,336	4,498,588

													Transfer from	Transfer from
										Opening balance	Income	Expenditure	Unrestricted Restricted	to	Closing balance
										2022	2022	2022	2022		2022
22.	MOVEMENT	ON RESTRICTED FUNDS			2022
	Church Planting - funding towards HTB's					vision for		planting	churches		15,560	(15,560)
	Social Transformation		—gifts for Caring for Prison Leavers and homeless shelter							101,594	649,788	(679,207)			72,175
	Global Alpha	Teams	- funds towards		Alpha training			overseas		25,903		(25,903)
	Focus										115,205	(115,205)
	Ministry —gifts for HTB Alpha, Leadership ministries					College London and other HTB				58,145	239,037	(224,865)			72,317
	Capital - gifts	for capital works		at HTB						199,889	(624)	(98,276)			100,989
	HTB Dalgarno Way Bishop's	Way- Mission	Income and Expenditure Order				related to the		St Francis Dalgarno	10,403	70,114	(73,305)			7,212
	Other specified gifts									8,719	25,076	(29,511)			4,284
										404,653	1,114,156	(1,261,832)			256,977
													Transfer from
										Opening balance	Income	Expenditure	Unrestricted Restricted	to	Closing balance
										2021	2021	2021	2021		2021
	MOVEMENT	ON RESTRICTED FUNDS			2020
	Church Planting —funding towards HTB's					vision for		planting	churches		19,912	(19,912)
	Social Transformation		—gifts fo Caring for Prison Leavers and homeless shelter							523,145	790,901	(1,212,451)			101,595
	Global Alpha	Teams	—funds towards		Alpha training			overseas		25,903					25,903
	Focus										26,488	(26,488)
	Ministry - gifts for HTB Alpha, Leadership ministries					College London and other HTB				47,206	129,367	(118,428)			58,145
	Capital —gifts	for capital works		at HTB						86,075	197,203	(83,389)			199,889
	HTB Dalgarno Way Bishop's	Way- Mission	Income and Expenditure Order				related to the		St Francis Dalgarno	19,533	43,456	(52,891)		305	10,403
	Other specified gifts									8,718	7,444	(7,444)			8,718
										710,580	1,214,771	(1,521,003)		305	404,653
										Opening balance	Income	Expenditure	Loss on investment		Closing balance
										2022	2022	2022	2022		2022
										E	E	E	E		E
23.	MOVEMENT	ON ENDOWMENT		FUND
	StAugustine,	Queen's	Gate, choir fund							108,336			(17,084)		91,252
										Opening balance	Income	Expenditure	Gain on investment		Closing balance
										2021	2021	2021	2021		2021
										E	E	E	E		E
	MOVEMENT	ON ENDOWMENT		FUND
	StAugustine,	Queen's	Gate, choir fund							104,757			3,579		108,336
24.	COMMITMENTS
	At the end of	the year HTB had		the following			commitments		(mainly leases on clergy	accommodation):
													2022		2021
													E		E
	Up to one year												475,489		403,122
	Between one	and five years											261,690		158,513
													737,179		561,635

RELATED PARTIES	RELATED PARTIES	RELATED PARTIES
The following	trustees			or key management personnel (KMP) were directors or			members	ofrelated entities or were connected to people or organisations	in
receipt ofpayments			from HTB:
TRUSTEE OR	KMP			RELATED TRUSTEESHIPS				RELATED PARTY TRANSACTIONS
				St Paul's Theological Centre;
Andrew Brydon				Alpha International (member only); Church Revitalisation Trust (member		only)		Sandy Millar (father in law) was a trustee ofAlpha International during 2022 and is paid a retainer by HTB and Al.
				Alpha International (also a member);
				St Paul's Theological Centre	(also a member);			Sam Coates (wife) is employed by HTB. Her employment was
Archie Coates~				Church Renewal Trust (also	a member);			subject to scrutiny and approval by the HTB PCC in accordance
				Church Revitalisation Trust	(also a member)			with the Church Representation Rules.
				St Mellitus College (SMC)
				St Peter's Brighton (until 31Aug 2022)
Issie Dewes				None				Polly Keeling (Sister), is on the ACC.
								David Gardner (husband) is a trustee ofAlpha International.
Eli Gardner				None				Eli is a trustee of Kids Matter that was paid 6500 during 2022 by
								HTB.
Nicky Gumbel		~		Alpha International (also a member); St Paul's Theological Centre (also a member until August 2022); Church Renewal Trust (also a member); Church Revitalisation Trust (also a member until August 2022) St Luke's Redcliffe Gardens (until August 2022).				Nicky Gumbel was Vicar of HTB until 31stAugust 2022. Pippa Gumbel (wife) is employed by HTB. Nicky continues to be licensed to HTB as a curate. Both Nicky and Pippa are seconded to Al and CRT carrying out work that supports the HTB Group's vision and mission. These arrangments were subject to detailed review and approval by the HTB PCC.
David Kay-Shuttleworth				Church Revitalisation Trust	(member)
Gus Kennedy				St Paul's Theological Centre	(member)			Emilie Kennedy (wife), is on the HTB ACC.
				St Paul's Theological Centre	(trustee)
Genevieve Mensah				Church Renewal Trust (trustee) Church Revitalisation Trust (member		only)		Bernard Mensah (husband) is a trustee ofAlpha International.
				Alpha International (member only)
								Jacob has been employed by HTB on a short-term contract in the
								Creative team since January 2023. His employment was subject	to
Jacob Riddall				None				review and approval by the HTB PCC in accordance with the
								requirements ofthe Church Represenataion Rules.
								Yasmin Riddall (wife) is on the HTB ACC.
Emma Watson				Holy Trinity Malshanger Trust				Alexander Watson (husband) is on the HTB ACC.
				St Paul's Theological Centre;
Angus Winther				Church Revitalisation Trust; St Mellitus College; Alpha International (member only) Ecclesiastical Insurance Office PLC (Director) and Ecclesiastical Insurance Group PLC (Director)				Ecclesiastical acts as insurers tothe HTB Group. HTB paid Ecclesiastical f165,067(2021:f163,520)for its services during 2022. HTB paid Hiscox through SEIBInsurance Brokers Ltd E45,922 for providing insurance for Focus in 2022 on CRT's behalf. Angus Winther had no involvement in any ofthese transactions.
				Hiscox Syndicates Ltd ( Director).
Cathy Butcher"				Restored Lives trustee St Luke's Redcliffe Gardens	Treasurer			Jessica Butcher (daughter) was employed by HTB on a short term contract until August 2022.
Mark-Elsdon	Dew"			None				Also employed by the Church Revitalisation Trust
Fiona Sellers"				None				Isobel Sellers (daughter) was paid for temporary work for HTB in November 2022.
*Ex-officio members				ofthe PCC.
"Key Management			Personnel ofCentral Services and HTB.

Entity	Entity	HTB payments	HTB payments	Amounts	or (from)	Notes
		2022	2021	2022	2021
Alpha International	('Al')	421,356	273,000	5,361		HTB makes an annual grant to Al. Al bears a share of Central Services costs charged by HTB (see note 13).
St Paul's Theological Centre ('SPTC')				25,520	17,641	SPTC bears a share ofCentral Services costs charged by HTB (see note 13).
						In 2017a gift off250,000 was given to contribute to the costs ofthe work on
						the spire at StJude's, Courtfield Gardens. The spire costs in 2018exceeded
The Church Renewa ITrust		262,000		100,274	370,910	the amount ofcash held by The Church Renewal Trust which resulted in a large intercompany balance at year end. This amount will be paid offover 10
						years from SMC/SPTC college operations. I-ITBalso underwrote two loans
						from the I ondon Diocese to the value ofE450,000for spire costs, the details
						ofwhich are shown in note 26.
						HTB makes an annual grant to the Church Revitalisation Trust.
The Church Revitalisation	Trust	307,500	250,000	(23,077)	24,769	CRT bears a share of Central Services costs charged by I-ITB (see note 13). CRT bears the cost ofoff-Common Fund clergy who form part of CRT's planting pipeline and undergo their training at HTB 2022; E801,249 (2021:
						E685,340).
						The LDF receive HTB's contribution to its Common Fund and re-imbursement
London Diocesan Fund ('LDF')		1,529,263	1,353,607			for the employment costs ofoff-Common Fund clergy. In addition, the PCC of HTB underwrote two loans totalling f450,000 (refer note 26) from the LDFto The Church Renewal Trust which were for the sole
						purpose ofthe repairs at St Jude's, Courtfield Gardens.
						The Malshanger Trustees have agreed that, effective 1January 2023, the
The Holy Trinity Malshanger Trust			1,440		78,409	charity will be dissolved and the remaining assets will be allocated to a restricted fund in HTBfor use on Malshanger. HTB will now work directly with
						the Colmans to enable the use ofthe house for mission.
						St Luke's commenced as a new partnership with HTB during 2021.St Luke' s
						retains its own PCC, but operates in many ways as a sixth HTB site with the
St Luke's Redcliffe Gardens		50,000	105,000	15,856	15,856	Vicar of HTB also vicar of St Luke's and Dave Matthews, an HTB curate, as Associate Vicar. During 2022 HTB granted f50,000towards its operational
						costs. In addition, HTB has committed to a 3-year production equipment
						lease for equipment at St Luke's at a cost off69,960.