2023-12-31-accounts

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH, WALLINGTON {A Church ol England Parosh Church) Registered Charity Number-. 1134076 AMNUAL REpoirr AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023 PAROCHIAL CHURCH ANNUAL MEETING MONDAY 22 APRIL 2024 7.30 P•m. HOLY TRINITY CHURCH IILIP,F¥ 11

2023 PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH, WALLINGTON IA Chur¢h of England Parish Church) RegisleTed Offlce.. Maldon Road. Wallington, Surreyp SM6 8BL Telephone.. [phone] Email.. info ht¢hurch.uk htt '.Ilhlchurch.ukl Registered Charity No. 1134076 In¢umbèn* Reverend James Hills Curate Reverend Harry Frost Members of the Pafochial Church Counell (Trustees) (Ex Officiol Reverend James Hills (Ex Offlclol Reverend HaTry Frost (Ex Officiol Mrs Jackie Passmore (Ex Offlclol Mr Anthony Reeves Mr5 Val Blean Mrs Megan Carknight lunlll 23 Aprll 20231 Miss Christine Cole Dr Val Collinglon Mr Paul Davies lunlil 23 April 20231 Miss Hannah French Mr Nathan Jones. Mr James Miller Ifrom 23 April 20231 Mr Tokunbo Ogunnaike Mr5 Edn8 Sawyerr Mr Jeff Scanllebu Mr Neville Shaw Mr lan Smith" Mr Steve Smith Ifrom 23 April 2023} Mr Roy Yip (until 23 April 20231 Chair Curate Warden Warden Deanery s￿0d Represenlalive Indopendent Exam5ner Sam Thomas BA FCA Azets, Chartered Accountsnts Trinity Court, 34 West Street, Sutton, Surrèy. SM1 1 SH Bankers and deposit holders Barclays plc Leicester LE87 28B Sanlander PLC BBAhA Bridle Road. Boolle. Merseyside. L30 4GB CCLA Investment Management Ltd The CBF Chuich of England Funds Senator House, 85 Queen Vlctorta Street, London. EC4V 4ET Page 1

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH, WALLINGTON IA Church of England Parish Church) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023 CONTEMTS PAGE Pa9e Trustees. Annual Report for year ended 31st December 2023 10 Independent Examinerfs Report Slalement of Financial A¢livilies Balance Sheet statement of Cash Flows 14-23 Notes lo the Financial Statements Page 2

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH, WALLINGTON {A Church of England Parish Church) TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31st DECEMBER 2023 Chair's Report Life for many in the UK and in Wallington in 2023 has been a struggle in a post-COVID world that is increasingly challenging, hostile and broken with wars raging, living costs spiralling and services Creaking under the strain. Therefore, as a charity and church cornmunily who rely almost entirely upor> volunteers giving ol their time and finances, you woukl think a bleak picture emerges. Bul this year, like so many before, we have known tho truth of God that the Psalmist expresses, "Butyou, Lord, ar8 a compas&onate and gracious God, slow to anger, abounding love and faithfuln8ss." {Psalm 86.'15) We give thanks lo God for His continuing work to bring about into our wsion of being "a growing famlly where God transforms Ilves through Jesus" as we've grown In number, holiness and love and seen lives continually Iransfomied. That's been happening as a community we have.. 1. Engaged and Explaingd - through the enabling work of the church, each and every day over 300 adults and children are out in their communities and workplaces lowng and living like Josus. Alongstde that, Christians Against Poverty Debt Centre Celebra1￿ lis 2nd anniversary and rejoiced in 10 people going debt free. OUT Trinity Tols ladult and toddler group) has grown so much we've started up Trinity Tunes and Tales as well each we&k. Our young people work at Dangerous Club and Roots Youth Club has gone from strength to strength lo allow teenagers a safe space lo enjoy lime together! Our schoDIs work means we do 8S$8mblies in 3 schools and host trips and seNices at the church. Our Lunch Club and Friendship Afternoon provide an important place for conversation, community and chances to discuss Jesus. 2. Established and Equipped - our Sunday services have continued to grow. with Sunday evenings providing a different space lo help disciple and enable Christians he￿. Our Lrfe Groups have seen steady trickle of people joining. and continue lo be a source of encouragement, growth and care. Ouy children's and youth work continues io grow with an encouraging numbar of youths now regular on Sundays. 3. EnJoylng- a new strand lo our Msion has seen a greater emphasis on helping one another lo enjoy our relationship w*th the Lord Jesus and with one another. seeking not lo be just a church of a¢tiMly but of relational depth. We've seen people in the hardest of times know great support, care and encouragement, as well as seeing people grasp and del(qht in the joyful relationship Jesus longs to have wlh people. 4. Exported- we've been encouraged by the work Df our mission pathers who serve the Lord bcally. nationally and globally. Our partnership wth them has fuelled our heart and desire to be those who make the good news about Jesus known and we pray il won't be long before we send more people off to the mission field. Despite Ihe national church shrinking by 20%. we've seen our church grow by 6°h. Despite facing significant deficit. we've seen the Lord meet all our needs. We are so thankful to Him who provldes. But also as a voluntary organi5aliori, we're so thankful to God for the work of all who labour so hard to make so much happen. Without the sacrifice of lime, gifts, money, and prayers of so many, none of thi51831 year would have happened. Il's a privilege and joy to be a part of Holy Trinity. il genuinely is a growing family.. but all the glory must go lo God, as the Psalmist sayE as he looks al all God has done, 'Lel everything that has breath praise the Lord.- (Psalm 150..61 Rev James Hills Vicar of Holy Trinity Wallington & Chair of the PCC Page 3

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH. WALLINGTON {A Church of England Parish Church) TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31st DECEMBER 2023 The Parochial Church Council of Holy Trinity Church, Wallington Ireferred to hweafter as"PCC" or'the Chsjrch'l has pleasuie in presenting the Annual Report and accounts lor the year ended 31 December 2023. Background 1. The Parochial Church Council I"PCC") ha5 the responsibility of co-operating with the Incumbenl in promoting in the Parish the whole mission of the Church pastoral, evangelistic, social and gcumenical in the Pafish of Holy Trinity, Wallinglon. This covers 8 full range of Christian ministry, worship and service and includes formal responsibility for the church buildings. 2. The PCC is iegistered as a charity and PCC members are Trustees. REFERENCE AND ADMINISTRATIVE DETAIL Detalls of thè charfly registration number. the full address of the Registered Office of the Church, Ihg names of the currenl members of the PCC, the Incumbent, Wardens and other relevant organisalions are given on pago 1. PUBLIC BENEFIT No private benefit trs derived from the Church's activities by any Members of the PCC, who do not receive any remuneralw)n. The PCC has considered the Public Benefft guidance issued by the Gharity Commission believes very strongly that the Church demonstrates a real public benefit through ils faith. ils ethos, sts cu¥renl activities and its development plans. STRUCTURE, GOVERNANCE AND MANAGEMENT Structure, governan¢• and management The PCC is a corporate body established by the Church of England. Its governing documents are the Parochlal Church Council (Powers) Measure 1956 as amended and the Church Representslion Rules Iconlained in Schedule 3 to the Synodical Govemment Measure 19691 as amended. Managoment of Rlsk Followng the implementstson of A¢countsng and Reportlng of Charities SORP {FRS1021 the PCC is required lo fomially review and lo re¢ord those risks and the action taken to miligale those risks. A Tevised Rbsk Managernent Policy was approved by the PCC in 2023 and a comprehellsive risk assessment completed. The impact of risks are regularly assessed by a dedicated team and findings are reported back lo PCC. Rtcrultment and appointment of new membgrs of the Parish Church Councll PCC members are recruited in a number of ways. The Clergy and Churchwardgns are members by virtue of their offices. Members of the PCC and Deanery Synod represenlalives are elected by the Annual Parochial Church Meeting I'APCM") and hold office for three years or are COthOPted. All PCC members are Trustees of the Charity and new Trustees are provided with a copy of the governing docvmenls, copies of recent fflinules and other documents which may be helpful. as well as a preliminary briefing by the Chalrman. Al the first meeting attended by a new Trustee. an updated briefing is provided and there is an opportunity to ask questions about the Church's activities. Charity Commission newslelter5 are available lo all Trustees. The Chairmat) provides briefings from time lo litne on the responsibilFties of Trustees. Page 4

PAROCHIAL CHURCH COUNCIL OF HOLYTRINITY CHURCH, WALLINGTON IA Church of England Parish Church) TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31st DECEMBER 2023 Organisational structure, decision-making and del¢gation to staff The PCC cariies out ils responsibilities of church governance by deleg81ing some responsibilities to employed staff and subsidiary cornmittees. The PCC Management Team functions between meetings of the PCC to help progress consideration of church decisions. This group includes the Wardens and Treasurer and, if necessary, has the power lo transa¢l PCC business between meetings. The Finance Committee works w71h the Treasurer to establish annual budgets, encourage the voluntary giving of church member5, rewew church finallces, arrange for payment of staff, and present accounts for independent gxaminalion. Th& People and Plant Management Team 15 designed lo manage the day lo day operations of the enlife pr8mises and the volunteers needed lo run it. 11 allows operalional issues to be discussed on a monthly basis and reports all requests for approval lo Ihe M8nagemeTrl Team or PCC foi decisions lo be made. The Export Tearn acts as the link between the church and its Mission Partners, encouraging player and tommunication. The team also agrees the amounts lo be paid as gifts and grants to support local, national and international activities, including our Mission Partners and societies. staffing The PCC has authorised a staff complement of five as at 31 Decernber 2023. The Church Operations Minister 8nd Church Administrator are responsible for running the church office. administrative assistance lo the Vicar, and daily operations in the Church and Cenlre. Ministry staff are employed lo assist the Vicar in the church's mis510n lo the Parish. In addition. for the latter part ol the year, we had the bgnefil of a full lirne volunteer Ministry Traine8. The PCC is gialefLfl for the enoTmous variety of serving contrlbutions from church members and church staff that combine here lo effethively 8dvan¢e the missitsn of the church over this past year. Safeguarding The PCC has complied with Ihg duty under section 5 of the Safeguardin9 and Clergy Discipline Measure 2016 (duly lo have due regard lo the House of Bishops. guidance on safeguarding children and vulnerable adults). Page 5

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH, WALLINGTON IA Church of England Parish Church) TRVSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31st DECEMBER 2023 OBJECTIVES AND ACTIVITIES The misslon stalernent of Holy Trinity Church is'To be a growing family where God Iran5forrns lives through Jesus." The Objectives of the PCC are defined by the Parochial Church Council (Powersl Measure 1956 as 'lo co-operate with the minister in promoting in Ihe paTish the whole mission of the Church.. pastoral, evangelistic, socSal and ecumenical.. The primary object of the PCC is therefore the promotion of the Gosp81 of our Lord Jesus Chrisl according lo the doctrines and practices of the Church of England. Holy Tronity Church was opened in 1867 to serve the then quite small cornmunSty of Wallington. The primary objective of the church is to b¢ a place of Christian worship in accordance wth the conservative Evangelical tradition of the Church of England and this is achiev8d through a variety of regLtlar services on Sundays and weekdays. In addition, Holy Trinity acts as a focal point for the local community by providing a meeting place for comrnunty gTOtJps to enjoy their own activities. The different gTOUPS of church actimlies can be summarlsed as follows.. The Church General Fur￿ for the provision of the main Christian worship acliwlies and outreach to our local community. We provide a full programme of events for all ages for bolh Church members and for the wider ommunity including a youth club, Lunch Club, and parents & toddler group5. It also includes the hiring out of the Church Hall and linked rooms Ihat are collectively used as a community meeting venue. The Church Designated funds represent income and expenditure where the purposes are complementary lo bul separate from the main activities of the ¢hurch itself. The Restricted Fund r8presenis the Building Fund and th8 CompassK)n Fund. The former was set up to facilitste the financial arrangements to Tebuild the old Church Hall into the Trinity Centre and the 2015 r&ordgring of the church building and surrounding grounds. The Cornpassion Fund w8s launched in 2023 to allow Lts lo provide grants in support of those members of our church family that are most impacted by increasing living costs. The Church aims lo continue to maintain its premises in safe and sound condition for ils LÈsers. including outside partie5, through ongoing planned and regular maintenance. The church has been the subject of a 20 yeaT project lo upgrade and improve the facilitles for the chuich and local community, which concluded in 2015. In 2021 a further programme of building enhancements was completed lo Improve the cuffent layout and make the Llnk area more welcoming. For many years and as agfeed at our Annual meeting, the Church has operated a giving policy Ithe Church giving a percentage of ils voluntary income) to other Christian or Charitable organisations, in line with biblical principles. Thls giving policy continue5 and we hav8 made donations from our income lo lo¢al, natK)nal and global mission partners, societies and charities. The details of payfflenls that havè been made are shown on page 23. The Church greatly valLtes the continuing support ol ils large number of volunteers. They provlde many land often unseen) services lo the Church in many different roles. At least 40% of Church members volunteer in various foles through the year. ACHIEVEMENTS AND PERFORMANCE In order lo achieve our objectives. the Church provSdes a number of services of public worship of varlous types to enable as many people as posslble lo worship. All are welcome to attend services. As al 31st December 2023 there were 217 parishioners on the Church Roll. of which 171 were not residents of the Parish. The average Sunday Worship community. defined as those that attend regularly in person or online, was 210 lincluding 50 children). The PCC mel seven times during the year wlh an average attendance of 15, reviewing the activities of the committees to which it has delegated authority tor the day-lfrday running of the Church's aclivrties. P8ge 6

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH, WALLINGTON IA Church of England Parish Church) TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31st DECEMBER 2023 FINANCIAL REVIEW Roserves policy The Pcc-approved policy on reserves Is lo retain reseNes of al least slx months, expenditure as per the latest annual budget to meet futur@ shortfalls in income or unexpècted expenses. Reserves will include both the General and Designated Funds. As at 31 December 2023 the General Fund Reserves are £99,430 and the Designated Fund Reserves aTe £689,487, ¢omfortably above the target of approximately £208.000. The PCC wsll review on an ongoing basis the need for free reseryes which are Ihose unreslricled funds not invested in fixed assets or otherwise designated. The reslricled funds are gI￿rned by the initial donors, Instructions and are distributed accordingly. Prlnclpal lundlng Sources and how expendlture has supported the key obJe¢tives Overall. Holy Trinity finished the year with a surplus ol £9,804 made up of General Fund £30,159, Designated Funds of1£8,7601, and Restricted Funds of1£11,5951. This compares to a nel deficit of £47,971 in the previous year. The General Fund surplus was largely achieved IhTough increases in giving, (regular and oneaoff donalionsl, and improved letting income, combined wlh c051s that were broadly ffal compared lo la51 year. For the Designated Fund, the PCC approved the use of reserves lo fund the costs of our Music Minislef and rental of a house for the Curate - this was partially offset by a Legacy and much improved interest earned on our deposits. The Compassion Fund launch raised over £16,000, bul no grants were paid out dLtring the course of 2023. Gèneral Fund- Church Most operating income Is derived from regular gNing by Church members and Gift Ald is claSmed on much of this. Other donations and cash collections make up the balance ol voluntary income. Voluntary Income was significantly higher than 2022, with church rnembers continuing lo give sacrtficially and new givers offsettino the reductions arising Irom those passing away or leaving the chu￿h. Letting income has relumed lo the levels seen before Covid and the increasing levels of church actwilies created an uplift in other income sources. Other Income includes Circa £4000 from an insuranc8 claim for damage lo the stained glas5 wndow5, paid out in October. Expenses were lightfy GonlTolled during the year resulting in lolal costs being held at the same level as 2022. Our Lunch Club provides nouiishing méals and fellowship for older members of the Church 8nd the IL)c21 communlty. Other activities include a fully booked weekly Trinity Tols Group Ip8renls and toddlers) and well attended Friendshlp Afternoon group for all ages. Our Comerslone Café is open days a week serving excellent coffee and tea and we offer a wami space for those who need lo save heating costs al home. Community groups and commercial hirers have retumed and on some days we are very busy. We plan lo open our Café more frequently to meet the increasing demand from vi511or5 in 2024. In order to comply wth pension regulation lor eligible salaried employees, Holy Trinity, Wallinglon participates in the Church of England Definad Contributions Schèm8 IDCSI wlthin th8 Church Workers Pansion Fund. We had four active membgrs a131sl December 2023. Designated Funds We received grants totalling just over £4,000 from the Diocese of Soulhwark and with the 2022 grant funding. this was used to refurbish our Children and Youth room, pur¢hage new NIV bibles. launch a new toddler group on Mondays, purchase new podcasting equipment and help fund the costs of a sabbatical for our Children and Youth Minister. We also received a legacy and this partially funded the c051 of the Music Minister and the Curate'$ rent. Higher interest rates have boosted our Interest in￿rne, also used lo fund our expenses with the remaining deficit ¢overèd by drawing from Deslgnaled Fund reserves, a5 previously approved by the PCC. 2023 has presented a new Challenge wSlh a deterioration of the retaining wall alongside Manor Road. Following a survgy by structural engineers we need to undertake signifi¢8nt repairs lo the whole wall, including the complete rebuilding of part. Costs are yel to be determined. bLtI we have budgeted for up to £120.000 lo be spent in 2024 and the PCC has approvod in p￿ncIple the use of Designated Reserves lo cover thls oxceplional item. Page 7

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH. WALLINGTON IA Church of England Pafish Church) TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31st DECEMBER 2023 FINANCIAL REVIEW cont: Restrlcted Funds The Re51ricled Fund comprises the Building Fund and the Compassion Fund. The 'Building The Church, project was completed in 2016 and lully funded by January 2018. The PCC now has responsibility for addressing any residual costs for minor building related issues. The PCC approved the creation of tho new Compassion FL*nd, launchtrd al the beginning of 2023, which raised over £16,000 in donalions from church members. The fund is designed lo make grant payments in support of church family members who are struggling financially. e.g. by clearlng their rent arreais. The PCC approved a sel of guidelines to clarify who may apply and the types of grants available. To maintain confidentiality. a small panel remews the applications and agrees the amounts to be paid. Only few number of applications were received during 2023 and none have yet progressed far er70U9h lor grants to be paid. The fund continues to be open and will be rewewed by the PCC during 2024. Invtstment policy and performance The Church does fkol have a formal investment policy. It endeavours to obtain the best possible secure turn on its investments and cash balances. Fund balan¢es are invested wsth the CBF Church of England Deposit Fund. Looking ahead to 2024 and beyond We have seen a significant growth of activity during 2023 ond expect this lo contin￿e in the years 8head- serving ou¥ church family and our local community. We continue to provide Sunday morning services at 9..15 and 11 am in order to provide enough capacity for the congregation lo meet comfortably and ¢hurch attendance continues lo grow steadily. Our church is open every weekday to provide 8 'Warm Space" a rendezvous for friends, or place for quiet meditabon and room booking actwily by our hirers is growing as they wish lo use our fa¢ililiès for meetings and events. We are delighted to be able lo welcome new people from our coMmun￿Y into our buildings. The budgeted expenditure for 2024 is £413,900, IGeneral Fund £364.300 and Designated Fund £49,600). producing a deficit of £57,900. Expenses are forecast to be over 10Yo higher than 2023 and 11 be covered through an incFease in 9iving and letting income plus a drawing on Reserves. The Designated Fund expenses are expected to b? partially covered by bank intere51, wlh a potential £24K shortfall covered by dfawing on Reserves. as previously approved by th8 PCC. In addition, we are budgeting for the wall repair costs to be approximately £120.000. As this is an exceptional item, the PCC is planning lo meet this cost entirely from our cash reseNes held on deposlt. Our reserves are sufficiently robust lo ¢ov8r any shortfall in income. but the aim is to refrain from drawing on reserves lo cover day to day costs. We will be having our Quinquennial inspection during 2024, which we anticipate may highlight the need for further repairs and improvements lo thtr fabri¢ of our buildir)gs, including tho church roof. The PCC has approved in prlnciplo the use of the Designated Funds lo undertake large capital expenditure. Mossage from the Honorary Tr¢a$urer Church life has thankfully retumed lo pre-pandemic levels of activity and our Church family is growing. During 2023 we implemented a new ac¢ounling system called Expense Plus, which has streamlined our processes and strengthened our financlal controls. We recognise that we are blessed to have sufficient r8sgrves lo cover unexpected issues and we are also using these Teserves selectively to promote new opportuni118s for growth in the future. Thank you lo all who have contributed lo these financial results, by your giving and your prayers. Please continue to pray about our personal giving and for all involved In Ihg financial ministry al Holy Trlnity. Our finances a￿ used lo fund the vision'lo be a growng family where God transforms lives through Jesus.. We are continually remlnded of God's provision and His faithfulness to us year on year. Page 8

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH, WALLINGTON IA Church of England Parish Church) TRUSTEES'ANNUAL REPORT FOR THEYEAR ENDED 31st DECEMBER 2023 STATEMENT OF RESPONSIBILfflES OF MEMBERS OF THE PCC The Members of the PCC are responsible for preparing the Annual Report of Ihts Members of th8 PCC and the financial statements in accordance with applScable law and United Klngdom Gengrally Acceptgd Accounting Practi￿. The law applicable to charllies Sn England and Wales requlres the Members of the PCC to prepare financial ststemenls for each financial year which give a trLJe and fair view of the state of affairs of the Charity and of the incoming resoU￿e$ and appllcation of resources of the Charity for that period. In preparlng these financial slalements. the Members of the PCC are required to.. select suitable accounting policies and then apply them consistently observe the methods and prin¢iples in the Charities SORP make judgments and estimates that are reasonable and prudent stsle whether applicable accounting standards have been followed, subject lo any material departures dis¢losed and explained in the financial ststement5 prepare the financial statements on the going concern basis unless it is inappropiiale lo presume that the Church will continue in its charitable work. The Members of the PCC are responsible for keeping proper accounting reGords which disG105e wlh reasonable accuracy at any lime the financial position of the Charity and lo enable them lo ensure that the financial slalements comply with the Charities Act 2011 the Charity (Accounts and Reports) Regulations and the provisions of Ihg governlng document. They are also responsible foi safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. So far as the Members of the PCC are aware:_ there is no relevant inforrnation of which the Charivs examiner is unaware.. the Members of the PCC have taken all steps thal they ought to have takan lo make themselves aware of any relevant audit information and lo establish that the examiner is aware of that infomiation. INDEPENDENT EK4MINERS Due to the lolal gross income being less than £1.000,000, the Church is required to undergo only an Independent Examination. rather than a full Audit. Al the Anrbual General Meeting in April 2023. members agreed to appoint Sam Thomas of Azels lo be the Church's Independent Examiner for the year ended 31st December 2023. This report has b&&n prepared in accordance with the Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance wSlh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. 18th March 2024 -Revd. James Hills Incumbgnt .John W Martin Hon. Treasurer Page 9

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH, WALLINGTON IA Church of England Parish Church) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOLY TRINITY CHURCH. WALLINGTON I report to the Iruslees on my examination of the accounts of the Church for the year ended 31 December 2023, which are set out on pages 1110 23. Responslbllltles and bas1$ of report As the charity trustees of the Trust you are responsible for tha preparation of the accounts in accordar>ce with the ￿qI11rementS ol the Charities Act 20111'lhe Act'l. I report In respect of my examination of the Trustees, accounts carried out under seclion 145 of the 2011 Act and in carryfjng out my examination I hav& followed all the applicable Dlreclions given by the Charty Cornmission under se¢tion 14515llbl of Ihe 2011 Act. Indgpandent examiner's statement I have ¢omplèled my examination. I confirm that l arn qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies. I confimi that no material matters have come to my attention Sn connection with the examination gmng me cause to believe that in any material respect.. {11 accounting records were not kept in resp￿1 of tho Trust a5 requlred by section 130 of the Act., or (21 the accounts do not accord with those records.. or {3} the accounts do not comply with the applicable requlrements conceming the form and ¢onlenl of accounts sel out in the Charities {Accounts and Reportsl Regulations 2008 other than any requirernenl that the accounts give a 'lrue and fair vEw' which is not a matter considered as part of an independent examination. I have no ¢onc@rns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a propèr understanding of the accounts lo be reached. Sam Thomas BA FCA Independent Examinor Trinity Court 34 Wesl Street Sutton, Surrey SM1 1SH Dated.. 03 Page 10

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH, WALLINGTON IA Church of England Parish Church) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31st DECEM8ER 2023 Unrestrl¢ted Funds Note Gengral Deslgnated Restricted Funds Total Funds 2022 Incomè.. Donations and Legacies Other Trading Activities Income from Investments Olher Incow*e 264,641 94,666 33 17,611 16,269 298.521 94,666 31,718 285,198 72,707 9,475 31,685 Total Incomo 359,340 49,296 16,269 424,905 367.380 Expenditurè: Expendrture on Charitable Activities 329,181 58,056 27.864 415.101 415,351 Total Expendlture 329,181 58,056 27,864 415,101 415.351 Net Incom￿ (Expenditure) Transfers between funds 30,159 18,7601 111.5951 {47.9711 Net movom#nt In fund$ 30,159 18,760} 111,5951 9.804 147.9711 Reconclliation of funds Totsl funds brought fomard 11112023 69,271 698,247 860,426 1,627,944 1.675,915 Total funds Carried fonyard 3111212023 99.430 689,487 848,831 1.637.748 1.627,944 Page 11

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH, WALLINGTON IA Church of England Parish Churchl BALANCE SHEET AS AT 31st DECEMBER 2023 Note5 2023 2022 Current Assets Tan9ible fixed assets 847.332 870,426 CurrentAss8ts Debtors Cash at bank and in hand deposit accounts current accounts etc. 16,279 10.191 713,333 78,642 691.338 62,801 808,254 764,330 Creditors- amounts falling due wlthln ono ygar 17,838 6,812 Nèt currant assets 790.416 757,518 Total assets les5 current Ilabllltlos 1.637.748 1,627,944 Credltors: amounts falllng dug aftgr moro than one year Net assets 1,637,748 1.627,944 Funds.. Unrestricted general design8ted Restricted 89,430 689.487 848.831 59,271 698,247 860.426 1.617,944 10 1,627.748 Propety valuation reserve- General 10.(K)O 10,000 1.637.748 1,627.944 Approve(t by the Parochial Church Council on 18th March 2024 and signed on ils behalf by.. Revd James Hills Chair John W Martin Hon. Treasurer The notes on pages 14 10 23 form part of these accounts Page 12

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH. WALLINGTON IA Church ol England Parish Church} STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31st DECEMBER 2023 Total Funds 2023 2022 Notes Cash us8d in operating activitiés 12 12,478 169.2091 Cash flow$ from investlng a¢tlvitles Interest income Purchase of tangible fixed assets Sale of tangible fixed assets Cash provlded by {u$¢d In} Investing activities 31,718 16,3601 9,475 25,358 9.475 Repayment of borrowing Cash used in flnan¢ing activitios Increase Idecreasel in cash and cash equlvaSents in the year 37,836 { 59.7341 Cash and cash equivalents at the beginning of the year 754,139 813,873 Total Cash and ¢a8h equivalents at the end of the yeaT 791.975 754.739 Page13

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH. WALLINGTON IA Church of England Parish Church) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31$t DECEMBER 2023 1 ACCOUNTING POLICIES Charlty Inforrnatlon The charity's goveming documents are the Parochial Church Council (Powers) Measure 1956 as amended and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 9969 as arnendedl. la} Basis for a¢¢ounllng Thes? a¢¢ounls have been pr8pared in accordance with FRS 102 "The Financial Reporting S18ndard applicable in the UK and Republic of Ireland. I"FRS 102.1, "Accounting and Reporting by Charities. the Statement of Recommended Practice for charities applying FRS 102, the Charllies Act 20fj 1 and UK Generally Accepted Accounting Practice as (( applies from 1 January 2015. The Church is a Public Benefit Entity as defined by FRS 102. The accounts have departed from the Charities {Accounls and Reportsl Regulations 2008 only to the exlenl requiied lo piovide a true and fair view. This departure has involved following the Statement of Recofnrnended Practice for charitlOS applwng FRS 102 rather than the version of the Statement of Recommend&d Practice which is ref¥rred to in the Regulats'ons but which has since been withdrawn. The accoLfnts are prepared In sterling, vthich is the functional currèncy of the Church. Monetsry amounts in those financial slal&ments are rounded lo the nearest £. The ac¢ounls have been prepared under the historic81 cost convention, modified lo include the reval*Jalion ol freehold properties and to include investment properties and certain financsal instruments at fair value. The principal accounting policies adopted are sel OLrt below. Ibl Going concem Al the lime of 8pproving the accounts, the tru51ees have a r88sonable expectation that the Church has adequat8 resources lo continue in operational existence for the foreseeable futu￿ and there are no material uncertainties aboLkt the ¢hariWs ability to continue. Thus the trustees, continue to adopt the going concern basis of accounting in pre￿rIng tt)e accounts. {cl Tangible Fixed Assets and D•pr¥¢lation Consecrated and benefice property Is excluded from the accounts by S.9612llal of the Charities Act 2011. Moveable church furniture held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are listed in the Church's inventory. For Inalienable property acquired Prior to January 2000 there is insufficient cost information available and therefore such assèts are not valued in the accounts. l expenditure incurred during the year on consecrated or benefice buildings and moveable Church fumishings, whether maintenance or improvement. is written off as expenditure in th8 Statement of Financial Activities and separately disclosed. Freehold Land and Building5 - The Trinity Centre has been included al the existing use values as al 1st January 1996 with subsequent additions at cost. The Trinlty Centre buildings are being depreciatgd on a straight line basis at a rate of 2 /0 per annum. Freghold land is not depreciated. Equipfflent within the Church premises is depreciated on a straight line basis over 4 years. Individual items of equipment wlth a PLir¢hase pric8 of £1,000 OT less are written off when the asset is acquired. Donallons for fixed assets are witten off over the same period as the related assets. Idl Funds Unrestricted Funds represent funds of the PCC that are not subject lo any restrictions regarding their use. Designated Funds represent funds designated by the PCC for a specific purpose. Such funds are still unrestricted and may be re-designaled by the PCC. Restricted Funds represent funds set up for a specifie purpose. either by the PCC or the donor. Transfers betsyeen designated and restricted funds are c8rried out only when they are considered to be in the interest of all funds involved. Page 14

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH, WALLINGTON (A Church of England Parish Church) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023 1 ACCOUNTING POLICIES (¢ontinuedl le) Exclustons from Flnancial Statements The Financial Statements include all Iransaclions, assets and liabiliti'es for which the PCC is responsible in law. They do not include the accounts of Church Groups that owe Ihelr main affiliation lo another body nor those that are informal galhorlngs of Church Members. lfj Incoming resourcos Collections and stewardship giving are recognised in the accounts when received by or on behaK of the PCC. L¢ga¢ies lo the PCC are accounted for as soon as the PCC is notified of its legal entitlement. the amount due is quanlrfiable and ils ultimate receipt by the PCC is reasonably certain. Income tax recoverable on gift aid donations is recognised when the ielatgd income is reeogni5ed. Rentsl incomg from the letting of Church premises is recognised when the rental is due. The Church is greatly as5islad by voluntary help and donations in kind. Thesè are not reflected in the financial statemenis 8$ they are not capable of accurale financial measurement. Grants receivable are recogn5sed in the accounts when the terms of the grant have been mel. Grant income is included in Voluntsry Income. Ig} Rèsour¢e$ expended Resources expended are Tecognised in the peiiod in which they ale incurred and include VAT which cannot be recovered. Resources expended are recogni5ed as Charitable activities and include gifts made to registered charities. loggther wth costs and expenses attributable to clergy. running Church services and activities. Designated Funds and Restricted Funds expenditure are ilemised separately for specific activities of the church. Governance costs represent all costs incurred in meeting legal and financial reporting r6quiremen15. Wherever possible, costs are attributed to and paid independently by each church actimty, but where costs need to be shared these are clearly identified in the detsiled Statement of Financial Acliwlies. Ihl Cash and cash gqulvalents Cash and cash equivalents include cash in hand, deposlls al call wlh banks. other short-term liquid investments with original maturities of three months or less. and bank 0V￿drafts. Bank overdr8fts are shown wsthin borrowings in current liabilities. {1} Flnancial Instruments The Church has elected to apply the provisions of Section 11 '8asic Flnancial Instruments, and Section 12 '01heT Financial Instruments IssLtes' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Church's balance sheet when the Church becomes party lo the conlraclual provisions of the instrument_ Financial assets and liabilities are offset, with the net amounts presanled in the financial slalemenls, when there is a legally enforceable right to sel off the recognised amounts and therg is an intention to settte on a net basis or lo realise the asset and setue tho liability simultaneously. Basic financial a$$ots Basic financial assels, which include debtors and cash and bank balances, are initially measured at transaction price Including trans8Ction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. where the transaction is measured 81 the present value of the fLtture receipts discounted at a market rate of inte￿31. Financial 855els classified as receivable within one year are not amortised. Page 15

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH. WALLINGTON IA Church ol England Parish Church) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023 1 ACCOUNTING POLICIES Icontinu¢dl {11 FlnancSal Instruments Icontlnuedl Basic financial liabilities Basic financial liabilities. including creditors and bank loans are initially recognised al transaction price unless the arrangement conslilules a financSng transaction, where the debt instrument is measvrgd at the present value ol the future receipts discounted at a market rale of inleresl. Financial liabililies classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised costs, using the effective inlgresl Tale method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities rf payment is due wthin one year or less. If not. they are presented as non.currenl liabilities. Trade creditors are recognised inilially al Iransa¢tion prace and subsequently measuied at amortised cost usin9 the effective interest method. Derecognltlon of financlal Ilabllltlos Financial liabilities are derecognised when the Church's contractual obligations expire or are discharyed or cancelled. U) Dlo¢es4D Parlsh Support Fund The amount of Ihg Parish Support Fund is agreed by the PCC and is accounted for when payable. Any amount unpaid al 31st December is provided for in the 8ccounls as an operational Ilhough not a legal liability and is shown as a creditor in the Balance Sheet. Ikl Gifts to other organisation5 The Annual Parochial Church Council agroes the total amount to be paid as gifts to other organisations and paymgnts lo mission partners and missionary Societies from the General Fund in the budgel-setting PCC Meeting in the autumn. {11 Penslon costs The charity part￿CIpaleS in the Pension Builder Scheme IPBSI and the Defined Bgnelits Scheme ID8SI, both defined benefit schemes within the Church Workers Pension Fund. administered by the Church of England Pen5ion5 Board. The Church is unable lo identify ils share of the underlying assets and liabilib'es. as each employer is axposed to actuarial risks associated with the current and fomief employees of other partlclpaling entitie5. The assets of the schtrme are held separately from those of the employer. In this instance, FRS102 requires that the Contributions be accounted for as il il were a defined contribution scheme. Pension costs are therefore the contributions payable lo the Schome in the year. Crltical accounting estlmates and judgements In the application of the Church's accounting policies, the trustees are required lo make judgements, estimates and assunlplions aboul the Carr￿n9 amount of a55el and liabilities that are not readily apparenl from other sources. The eslirnates and assoclaled assumptions are based on historical experience and other factors that are considered to be relevant. Actual r8suIts may differ from these eslimales. The estimates and underfwng aSsUmpt￿n$ are rewewed on an ongoing basis. Revisions to accountirig estimates are recognised in the period in which the estsmale is Tevised where the revision affects only that period, or in the period of the revision and future pèriods where the revision affects both CU￿ent and future periods. Page 16

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH. WALLINGTON IA Church of England Parish Church) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023 {Cont'dl 2 INCOME Unrèstricted Funds General Designated Restrlcted Funds Total Funds 2023 2022 Donation8 and Legacies Slewafdship donations standing Orders Income Tax recoverable CAP Donations Collections Donations 164,635 42.144 164.635 45,127 1,500 9,399 61,844 282,505 157,348 36,063 1.602 6,070 31.156 232,239 2.983 1,500 9,399 48,463 264,641 95 1,595 13.286 16.269 Other voluntary income Legacies Grants 12.000 4.016 16,016 12,000 4,016 16,016 47,059 5,900 52,959 Total Donations and Lagacles Other Tradlng A¢tlvities Literature sales Lunch Club in¢ome Cateringlother income Trinity Centre lettings Foes Cafe Income Trinty Tols 264.641 17,611 16,269 298,521 285.198 504 7,865 6.081 68,425 6,401 4,509 1,081 504 7.665 6,081 68,425 6,401 4.509 1,081 410 3,735 2.866 59.439 3,365 1,829 1,063 Total Other Trading Aetl¥Stles 94.666 94,666 72,707 Other Income Other income Total Other Incom• Income from Investments Deposit interest 33 31,685 31,718 9.475 Total Incomo 359.340 49,296 16.269 424,905 367.380 Page 17

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH. WALLINGTON IA Church of England Parish Church) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023 (Cont'd) 3 EXPENDITURE Expendituro on Charitabl8 Activitias Unrnstricted Funds General Designated Re$tri¢t¢d Funds Totsl Fund5 2023 2022 Charitable Activities Mlssion Grants & Gifts to other organisalions {nolg 151 Diocesan Parish Support Fund Staff housing Staff expenses Fees paid to Diocese Youlhlsunday School Christians Against Poverty Expenses Staff training SèNicè expenses Literature costs Outreach Trinity Tots Café costs and purchases Lunch Club costs Staffing {note 41 Director of Women & Families Ministry Music Minister Youth Minister Church Ops Ministar Church Adminislralor Admlnlstratlon and Bulldlngs 19.814 85,000 1,200 3.179 3,569 2.518 2.177 19,814 85.000 16.200 3,179 3.569 2,613 3.677 16.500 83,000 16,200 2,179 3,088 5,479 3,936 2.494 1,141 1,194 1.711 190 2,333 2.118 15,000 95 1,500 1.700 1.789 3,735 394 3,981 4.543 1,700 1,789 3,735 526 3,981 4,543 132 22,037 22.037 32,759 37.448 35,687 22,473 21.045 31,483 35.595 40,732 19,256 32,759 37,448 35.687 22,473 20.622 7,017 11,871 1,840 15,864 20,622 7.017 11.871 1,840 15,864 1.094 19.604 6.569 10,937 2,190 15,136 1,373 7,501 1,618 1,814 15,832 27,864 6,146 169 6.560 Insurance Repairs and maintenance Garden Maintenance Cleaner and Cleaning Material Waste Collection Livestream Technology Music LiCen￿s]EqUIprnent Web sile and Marketing Building Costs Depreciation Printing, ststionery and office services Bank Charges General expenses Membership & Subscriptions 1.907 550 1,907 550 1.590 7.263 340 3,492 107 27,864 29.454 7,263 340 8,504 107 5,012 324,801 54,498 27.864 407,163 412,891 vernance Costs Independent Examination fee Professional Fees 3.360 1.020 4.380 3.360 4,578 7,938 415,101 2,460 3,558 3,558 58,056 2,460 415,351 Total Expendlture 329.181 27,864 Page 18

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH, WALLINGTON IA Church of England Parish Church) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023 (Cont'd) 4 STAFF COSTS Unrestricted Fund$ General Designated R¢strl¢t¢d Funds Total Funds 2023 2022 Staff wages Social Security costs Pension costs 107,524 5,912 4.209 29.634 1,685 1,440 137,158 7,597 5,649 135,086 8.180 4.845 117.645 32,759 150.404 148,111 No employee received emoluments in excess of £60,000 p. 2023 2022 Number of employees.. Hoty Trinity Church Pension costs The pension costs above ￿present the contributions payable in tha yoar and Holy Trinity stsff are members of the Church Workers Pension Fund, Pension 8uilder Classic scheme. A full actuarial valuation of thè Pension Fund is conducted lriennially, with the latest valuation being performed as 8131 December 2022. This valuation revealed a Surplus of £35.Om in the PB Classic scheme on an ongoing valuab'on basis. compared lo surplus of £3.9m in 2021. The improvement is a rosull of a material rise in market gill welds and the general improvement in financial conditions. As the PB Classic scheme is currently fully funded, there is no debt due under Section 75 of the Pensions A¢t if Holy Trinity leaves the scheme. Assets are funded in a prudent and sensible way and discretionary increases have been granted by the Boaré in 2022 and 2023. The Church Pensions Board is not expected lo make any changes lo the scheme at this point in time. 5 FIXED ASSETS Freehold land and Buildings Furniture and Equlpment Total Gr055 Book Value As at 1.1.2023 Additions during year A5 at 31.12.2023 Depreciation Asat 1.12023 Charge for the year 1,403,214 151,440 6.360 157.800 1,554,654 6,360 1,561,014 1,403,214 532.788 27,864 151,44Q 1,590 684,228 29.454 As a131.12.2023 560,652 153,030 713.682 Net Book Value As at 31.12.2023 842.562 4,770 847,332 As at 31.12.2022 870,426 870,426 Gross Book Value at 31.12.2023 Value of Land included General Fund - Trinity Centre- Land. Estimated value al 1.1.1 10.000 10.000 1.393,214 1,403,214 10.000 10,000 R8slri¢led Fund - Cost- Trinity Centre. Wallington, Suirey 10,000 Page 19

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH, WALLINGTON {A Church of England PaTish Church) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023 (Cont'd} S IcontlnuÈd} The gross book valu8 is based on the value astimated by the PCC as at 1st January 1996 or the wst of subsequent additions. The market value of the Freehold land and Buildings is Considered lo materially exceed Ihe book value. however. due lo the specialised nature of the Pfopetligs, the difference Cannot be practically quantified. The Gross Book Value of the Furniture and Equipment is shared b8tween the General Fund {£21,4081 and the Restricted Fund1£130,0321. In 2023, a new dishwasher was purchased at a cost ot £6.360 in the General Fund. 6 DEBTORS 2023 2022 Income tax recoverable Hall hire due Prepayments Ir)teresl due on Deposits 2,595 4,117 2.747 6.194 1,250 9,567 16.279 10,191 7 CREDITORS Amouni falling due within one yeaf 2023 2022 Accruals Trade Creditors Grants Payable 8.805 2,173 6.860 17,838 6,812 6,812 8 TRANSACTIONS WITH MEMBERS OF THE PAROCHIAL CHURCH COUNCIL None of the Trustees received any remuneration or expenses duiing the year for Iheir role as Tiuslees. A proportion ol the housing costs and agreed work expenses have btsen m81 for the Clergy m9mb¢rs of the PCC. The Staff Expenses of £3.1791£2.179 in 20221 Include the expenses paid to twstees and Staff. covaring expenditure for Travel. Telephone, Conferences and Training, and Hospitality. There have been no related paty Iransaclion5 in tho reporting period that require disclosure. ANALYSIS OF NET ASSETS BY FUND Unrestrlcted Fund$ Gongral Deslgnated Restricted Funds Total Funds Fixed assets Income lax recoverable Other debtors Bank deposit a¢counls Bank current accounts and cash Creditors.. amounts falling due within one year Inler-fund balan¢e5 14.770 2,345 4,127 744 60.563 117,4231 34,304 832,562 250 847.332 2,595 13,684 713.333 78.642 117.8381 9,557 712.589 2.060 14151 {34,3041 16,019 99,430 689,487 848,831 1.637.748 Funds Property Revaluation Reserve 89,430 10,000 689,487 848,831 1,627.748 10.000 Fund Balan￿S 99,430 689.487 848,831 1,637,748 Page 20

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH, WALLINGTON IA Church of England Parish Church) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023 {Confdl 10 DESIGNATED FUNDS Balance 1.1.2023 Incomlng Resources Resources Expended Balance 31.12.2023 Transfers Grants and Designated In￿me 698,247 49,296 158,0561 689,487 698.247 49,296 158,0561 689.487 Grants and Designated Incoma Designated funds are for income where the purpose is outside of Ihg normal day lo day running costs of the church and where the PCC approve the use of them. In 2023, we re￿Ived three granis and one legacy and these funds were earmarked as Designated Funds in the normal way and partly funded the capital expenditure and the cost Df the Music Minister and Cuiate's house rent in line with PCC approval. 11 RESTRICTED FUNDS Balance Incoming Resources Rg$our¢a$ Expended Balan¢e 31.12.2023 1.1.2023 Transfers Building Fund 860,426 16.269 127,8641 848,831 860.426 16,269 127,8641 848,831 BulldSng Fund Financing of Project.. Phase 1 of the Trinty Centre Project Ilhe conslrucllon of the new Trinlty Centre lo r&plaee the fomer hall and meeting rooms) was completed at a cost of £1.423,000 in November 2003 and was fully funded by Aprhl 2006. Phase 218uilding The Church project} was completed in 2016. The final project cost was £1.858m, fully funded by January 2018, the PCC now taking responsibility for addressing any residual costs for minor building relaleij issues. Page 21

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH. WALUNGTON IA Church of England Parish Church) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023 Icont'dl 12 RECONCILIATION OF NET MOVEMENT IN FUNDS TO NEf CASH FLOW FROM OPERATING ACTIVITIES Total Fund$ 2023 2022 Nel Movement in Funds Add back depreciation charge Deduct Interest Income shown De¢r@as8 Ilncraasel in debtors Increase (Decrease) in creditors Nel cash used in Operating a¢livilies 9,804 29,454 131.7181 { 6.0881 11,026 12.478 147,9711 27.864 19.4751 13.8551 135,7721 169.2091 13 TRUST FUND The PCC was the Managing Trustee of a Trust whose effecllve control passed to the Diocese over 20 years ago. Al 3151 December 2023 the Trust held assets 01 £362,363 {2022 - £332,191). The income from this fund is used to cover clergy stipends of the whole Diocese, and does not therefore form p8rt of these accounts. The income or capital of this Trust may become availablè lo the PCC if al some time in the future the Diocese were to hand back to the Parishes the responsibility for remunerating their own clergy. 14 CONTINGENT ASSET In 2002 Springfield Church was granted an ox-Parochial Pla￿ and thus became legally independent of Holy Trinity PCC. Holy Trinity has a contingent interest in 500/0 of the Springfield Church Clergy Hous8- 49, Slanley Park Road, Wallinglon. Th¥ PCC would re￿1ve 500A ol the sale proceeds if either.. la} Springfield Church ceasod to be part of the Church of England. or Ib) Springfield Church wa8 no longer required to provide a dergy House and the propgrty could be sold. As al 31 December 2023, il Is not practical to estimate the financial effect of these ¢onditions being mel. Page 22

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH, WALLINGTON IA Church of England Parish Church) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31$t DECEMBER 2023 Icont'dl 15 GRANTS PAYABLE Total 202 Total The lollowng grants were made by the PCC in 2023 Mission Societies Bible Society Wycliffe Bible Translators 595 952 500 800 Mlssion Partner$ James Barnard (Youth ￿th a Mission) Pip & Si Wilson Emma Nunn 3.565 3,565 3.565 3,200 3,200 3.200 Other Donatlons Chris Donovan Trust. Christian Inslilule Church Society Compassion UK Sutton Nightwatch Holy Trinity School Maintenance Fund Open Doors Sutton Community Works Sutton Schoolswork Total Grants Payable 476 1,095 119 833 155 1,800 595 595 1,904 19,814 400 100 700 1.800 500 500 1.600 16,500 Page 23