PCC Secretary’s Report for 2024 APCM
Holy Trinity has been in a vacancy since the 2023 APCM. During that time we have been extremely fortunate in having the support of Reverend Ed Tildesley who took many of our 8 and 10am service. I would like to record our sincere thanks to Ed for his commitment to HT during that time.
Our churchwardens Trudi Shaw and Philippa Walker are to be particularly commended for their continuing service to Holy Trinity with the enormous amount of work that they perform to keep the church running smoothly.
There is much which goes on behind the scenes in church and I would like to thank everyone who gives their time and financial contributions to Holy Trinity.
In May last year we were delighted to learn that Rev Canon Juliet Stephenson would be appointed as our new vicar. Her licensing took place on the 28[th] September and we were pleased to welcome her and her family to Holy Trinity at a very special service.
Since then Juliet has brought new energy and amazing ideas to the church which we all appreciate. It is a delight to see children coming and enjoying their time in church. She has established excellent relations with Holy Trinity school which is to be greatly welcomed.
Updating has been made to the vicarage and it is good to see that this is now a welcoming place for us all.
We also welcome Juliet’s husband, Phil, who has brought his many talents to the church. I must also mention Brody who regularly attends the 10am service. It is a delight to see him and his enthusiastic welcome to everyone.
The PCC are Trustees of the church and comprise the vicar, two churchwardens, two deanery synod members and up to nine elected members which undertake the roles of finance officer, safeguarding, administration, minute recording and events. I would like to thank all the members in these roles for their commitment to the PCC. We have met 9 times during the year to address the business of Holy Trinity.
With Juliet at the helm we look forward with optimism for the future of Holy Trinity.
Charity No. 1134026 Holy Trinity Church with St Nicholas
Financial Review 2023
The year has been a mixed year for the church with the first nine months seeing the continuation of an Interregnum and the latter three months seeing the arrival of a new vicar the Revd Juliet Stephenson.
During the interregnum period church membership and regular giving began to stabilise rather than fall as in the previous year. The arrival of the Revd Juliet saw an increase in services, the welcome arrival of new faces and the renewed hope of growth in attendance and giving for the future. This has been supported in 2024 with the introduction of the ‘Parish Giving’ scheme.
Fund raising during the year was up by £5,000 on the previous year and grants were received from Dorset Historic Churches for the repair of the Warrior Window £7,500 and £10,000 from the Erskine Muton Trust towards the electrical rewiring of the church which has been completed during quarter 1 2024. Investment drawdowns from the ST Nicholas Fund for the electrics and final building works are included within drawdown receipts for 2023. Vat amounting to £18,705 relating to building works costs was successfully recovered through the Listed Places of Worship Grant Scheme.
Running costs were carefully monitored and managed during the year along with a robust authorisation process in place for ad hoc expenditure. This enabled Holy Trinity to balance build up reserves in the General Fund. We were not in a position to pay the full parish share and as advised previously by the Archdeacon paid a token sum of £5,950 (£1,200 in 2022) towards the £58,494 requirement. Plans have been put in place to gradually improve payments from 2024 onwards. Our parish share for 2024 is £59,663.92 a 2% increase.
At the end of the year there remained invested St Nicholas funds of £210,550 earmarked for future building improvements. It would be advisable for this to be held in reserve if possible and for the interest receipts to be utilised where needed. It is therefore anticipated that the 2024 project which is already underway for a servery and accessible toilets will be largely covered by grant applications.
There is a strong core team in place at Holy Trinity Church and with the Revd Juliet as its helm Holy Trinity Church is showing signs of growth. It has a brighter outlook and this will lead to a stronger financial position going forward.
Jennifer Keates
Treasurer
Financial Review 2023
Charity No. 1134026 Holy Trinity Church with St Nicholas
Receipts and Payments for the year ending December 2023
| Receipts Voluntary Receipts SO/DD's Envelopes Plate Contactless Gift aid tax rcd Baptism/weddings/funerals Marriage certificate fee Wedding Band Fee Baptism Certificate Donations to Vicar Flower Fund Other Donations From Sowter Investment Sudan/Ukraine Donations Fundraising Events Christingle Other Activities Magazine Box Tea & Coffee Interest Grants Other Receipts Sales Fees VAT Rebate Insurance Claim Reordering Investment Drawdown Total Receipts |
Unrestricted Restricted Total |
Previous Year |
|
|---|---|---|---|
| 12,715 540 13,255 4,966 0 4,966 2,899 0 2,899 319 0 319 4,198 135 4,333 3,627 0 3,627 0 0 0 0 0 0 0 0 0 130 0 130 215 0 215 2,729 30 2,759 0 0 0 368 0 368 |
13,255 4,176 2,382 199 6,108 222 0 50 112 780 0 191 638 325 |
||
| 32,167 705 32,872 4,437 0 4,437 0 0 0 256 0 256 172 0 172 540 0 540 |
28,439 0 0 29 189 181 |
||
| 5,405 0 5,405 245 29,797 30,042 335 17,500 17,835 0 0 0 1,980 0 1,980 0 18,705 18,705 0 6,738 6,738 0 0 0 |
398 27,686 0 0 953 44,312 0 2,322 |
||
| 1,980 25,443 27,423 0 94,000 94,000 |
47,588 20,000 |
||
| 40,132 167,445 207,577 |
124,111 |
Financial Review 2023
Charity No. 1134026 Holy Trinity Church with St Nicholas
| Financial Review 2023 Payments Service Activity Costs Servers Choir Bursaries Choir Other Sunday School Singing Lessons Handbell Lessons Piano Lessons Organist weddings etc Organist ex gratia payment Organist monthly fee Organ Service and repairs RSCM Fees CCLI Licences Copyright Fees Assign of Statutory Fees Casual Duty Fees Verger Fees Fee Refund Youth Worker LLM Expenses Ministry Wine candles etc Flowers Miscellaneous Interim Clergy Fees Vicar Expenses Gift to Vicar Office and Publicity costs Printing/Photocopying Postage Stationery Pew Sheets Telephone/broadband Website Magazine Publicity Subscriptions Card Machine IT Equipment |
YTD YTD YTD Unrestricted Restricted Total |
|---|---|
| 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 325 0 325 0 0 0 4,650 0 4,650 1,912 0 1,912 127 0 127 0 0 0 331 0 331 0 0 0 0 0 0 75 0 75 0 0 0 0 12,567 12,567 0 22 22 572 0 572 842 0 842 160 0 160 834 0 834 2,274 470 2,744 650 0 650 200 0 200 |
|
| 12,952 13,059 26,011 1,037 0 1,037 0 0 0 7 0 7 527 0 527 471 0 471 0 555 555 178 0 178 552 0 552 179 0 179 5 0 5 0 0 0 298 0 298 |
Charity No. 1134026 Holy Trinity Church with St Nicholas
| Utility Costs Gas Electricity Water Building Costs Insurances Cleaning and Admin Pidgeon Removal Gardening & minor repairs Fabric R & M Heating Repairs Passage Gates Electrical Repairs Quinquennial Repairs Reordering Charitable Giving Fundraising inc publicity Governance Costs Audit & Accountancy Costs Other Professional Fees Parish Share Total Payments Net Receipts |
1,402 0 1,402 1,034 0 1,034 163 0 163 |
2,595 955 102 |
|
|---|---|---|---|
| 2,599 0 2,599 3,844 3,844 7,688 81 58 139 0 830 830 19 585 604 0 8,523 8,523 0 5,028 5,028 0 1,148 1,148 0 318 318 0 103,447 103,447 0 1,997 1,997 |
3,652 7,055 3,098 0 422 620 0 0 0 47,621 6,156 |
||
| 3,945 125,779 129,724 1,017 0 1,017 889 0 889 190 0 190 0 0 0 |
64,972 735 0 1,151 0 |
||
| 190 0 190 5,950 0 5,950 |
1,151 1,200 |
||
| 30,796 139,393 170,189 |
100,469 | ||
| 9,336 28,052 37,388 |
23,642 | ||
Financial Review 2023
Charity No. 1134026 Holy Trinity Church with St Nicholas
Movement In Cash Funds Report for year ending December 2023
| General Fabric Misc Res Morrice Reorder Sidney Groves Sowter |
Dec-22 Income Exp Xfrs Gains/(los Dec-23 £ £ £ £ £ £ 6,230 40,132 -30,796 -540 15,027 73,776 145,538 -123,197 445 96,562 5 0 -5 0 421 1,412 -1,047 786 -16,277 -1,997 -18,274 52,512 17,924 -12,567 100 57,969 5,248 2,570 -585 7,233 121,915 207,577 -170,189 0 0 159,303 |
| Movement in Restricted Investments Report for year ending December 2023 Fund Dec-22 Drawdowns Gains/Losses Dec-23 £ £ £ £ Chamberlaine COIF 26,029 -5,000 2,908 23,937 Morrice CBF 47,230 4,444 51,674 Quibell CBF 8,201 772 8,973 Sidney Groves CBF 159,093 14,968 174,061 Sidney Groves CBF 381,935 35,934 417,868 Sidney Groves CBF 37,186 3,499 40,685 Sowter Trust COIF 86,023 7,586 93,609 St Nicholas CBF 278,240 -89,000 21,310 210,550 1,023,937 -94,000 91,420 1,021,357 |
|
| Fund Dec-22 Drawdowns Gains/Losses Dec-23 £ £ £ £ Chamberlaine COIF 26,029 -5,000 2,908 23,937 Morrice CBF 47,230 4,444 51,674 Quibell CBF 8,201 772 8,973 Sidney Groves CBF 159,093 14,968 174,061 Sidney Groves CBF 381,935 35,934 417,868 Sidney Groves CBF 37,186 3,499 40,685 Sowter Trust COIF 86,023 7,586 93,609 St Nicholas CBF 278,240 -89,000 21,310 210,550 1,023,937 -94,000 91,420 1,021,357 |
Financial Review 2023
Charity No. 1134026 Holy Trinity Church with St Nicholas
Notes to the Financial Statements
Accountng Policies
The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the SORP 2005.
As receipts for the year amounted to less than £250,000 the financial statements have been prepared on a receipts and payments basis. These have been reviewed by an Independent examiner whose report is attached.
Funds
Holy Trinity does not have any endowment funds .
Unrestricted funds are classed as general funds which can be used for PCC ordinary purposes.
Restricted funds represent a) income from trusts which may be expended only on those restricted objects provided in the terms of the trust or bequest, and b) donations or grants received for a specific object or invited by the PCC for a specific object. These funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year must be carried forward as a balance on that fund. All investments are invested separately and interest applied accordingly.
Incoming resources
All income is recognised when it is receivable and accounted for gross. Gift Aid for the last quarter and for small donations made during the year were not claimed and received until Quarter 1 2024.
Resources expended
Grants and donations are accounted for when paid over, or when awarded, if that award creates a biding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. All other expenditure is recognised when it is incurred and is accounted for gross.
Fixed assets
Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church’s inventory, which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Subsequently no individual item has cost more than £2,500 so all such expenditure has been written off when incurred.
Investments are valued at market value as at 31[st] December.
Financial Review 2023
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