PAROCHIAL CHURCH COUNCIL OF
HOLY TRINITY CHURCH, WALLINGTON
IA Church of England Parish Church)
R8gister8d Charity Numb8r'. 1134076
ANNUAL REPORT AND FINANCIAL STATEMEirrs
FOR THE YEAR ENDED 31•t DECEMBER 2024
PAROCHIAL CHURCH ANNUAL MEEfiNO
MONDAY 28 APRIL 2025 7.30 p.m.
HOLY TRINITY CHURCH
11
,IlllllllF.',:

2024
PAROCHIAL CHURCH COUNCIL OF HOLY TRINrrY CHURCH, WALLINGTON
(A Church of England Parish Church)
Registered Office:
Maldon Road, Wallington, Surrey, SM6 8BL
Telephone.. 020 8647 7605
Email.. info
htchLÈrch.uk
htt :Ilhtchurch.ukl
Registered Charity No. 1134076
Incumbent
Reverend James Hills
Associate Wicar
Reverend Tom Brovm
Curat•
Reverend Harry Frost
Members of the Parochlal Church Councll {Trust•os)
Chalr
{Ex Officlo)
Reverend James Hills
Assoc Vlcar (Ex Offl¢lo
R8V8rend Tom Brown (from November 2024)
Curate
(Ex Offlclo)
Reverend Harry Frost
Warden
(Ex Offl¢lo)
Mrs Jacki8 Passmore
Warden
(Ex Officlo)
Mr Steve Smith
Mrs Val Blean
Mrs Suzie Brown {from April 20241
Miss Christine Cole.
Dr Val Collington
Miss Hannah French
Mrs Grace Gray (from April 2024>
Mr Nathan Jones.
Mr James Miller"
Mr Tokunbo Ogunnaike
Mr Anthony Reeves
Mrs Edna Sawyerr (until April 2024)
Mr Jeff Scanllebury.
Mr Neville Shaw
Mr lan Smith.
Deanery s￿0d Representative
Independent Examlner
Sam Thomas BA FCA
Azets, Chartered Accountants
Trinity Court, 34 West Street. Sutton, Surr8y. SM1 1SH
Bankers and deposit holders
CAF Bank Ltd
West Malting ME19 4JQ
Sanlander PLC
BBAM Bridl8 Road, Bootle, Merseyside. L30 4GB
CCLA Investment Management Ltd
The CBF Church of England Funds
Senator House, 85 Queen Victoria Street, London. EC4V 4ET
Page 1

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH. WALLINGTON
(A Church of England Parish Church)
ANNUAL REPORT ANO FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st DECEMBER 2024
CONTENTS PAGE
Page
Trustees. Annual Report for year ended 31 st December 2024
10
Indep8ndent Examlnerfs Report
ststement of Financial Activllies
12
Balance Sheet
13
Statement of Cash Flows
14-23
Notes to the Flnanclal 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 DECEM8ER 2024
Chairfs Report
As we look back on 2024, there is much in the news. in the wider Church of England and in life in
Wallington that has been challenging. Time for many seems at such a premium with the financial
pressures of life in Greater London, an increasingly secularised culture and pressures for compromise
within the wider church. We give thanks to God for his continuing work to make Holy Trinity Wallinglon
into "a growing famlly where God transft>rms lives thmugh Jesus" as we've continued lo grow in
number, care and likeness of Jesus as lives have Continued to be transformed.
1. Engaged and Explained - through the enabling work of the church, each and every day over 300
adults and children are out in their communities and workplaces loving and living like J8sus. Alongside
Ihal, our Christian's Against Povety Debt Centre celebrated its 3rd anniversary, seeing more people
going debt free. Our Trinity Tots and Trinity Tunes & Tales have continued to serve toddlers and carers.
Our work al Dangerous Club and Roots Youth Club serves youngsters in the church and local
community. Our schools work means we do assemblies in 4 schools and host trips and services at the
church. Our Lunch Club and Friendship Afternoon for Seniors has continued to provide important
places for friendship, hospitality and chances to discuss Jesus. We've seen an encouraging number of
people thinking about the Christian faith as they've come along lo our Hope Explored and Chrislianily
Explored courses, alongside a new 'Hymns We love" Course. Our Centre is open most days. with the
volunteer run café for 2 days per week to welcome in members of our local Community.
2. Establlshod and Equlpped - our Sunday services have continued to grow ragularly seeing over
220, including over 50 children and youth, whilst our Sunday evening and Wednesday morning services
provide places for additional community and worship. During this year we've wrestled with Mark's
gospel, Abraham's story in Genesis, Galatians, Psalms and 1 Thessalonians. Our Life Groups have
seen a steady trickle of people joining, and continue to be a source of encouragement, growth and care.
Our children's and youth work contlnues to grow, and it's been 8xciling to see young lives changed.
3. Enjoylng - we're blessed to enjoy a relationship with Jesus and with one another, and we long to be
a church not just of activity but of relational depth. We've seen people in the hardest of times know
great support, care and encouragement, as w811 as seeing people grasp and delight in the lo￿ul
relationship Jesus longs to have with people. We're thankful to our musicians, as they lead us week by
week in singing God's praise. We're thankful to our Life Group leaders and Pastoral Support Team who
help our family life to thrivel
4. Exported - we've been encouraged by the work of our mission partners who serve the Lord locally,
nationally and globally. particularly as we started supporting Debs, who works in France, as a new
mission partner. It's exciting to see our church actively supporting and praying for gospel work across
the world.
5. Enabled - al the beginning of the year, we asked the church lo help raise funds for a new Associate
Vicar to help continue to grow the work of the church. Wonderfully the Lord provided, and we welcomed
Tom as our new Associate Vicar in November. Bul that generosity is only part of the vast lime, gifts,
skills and prayers people give or pray. We're so thankful to all those church members, leaders, staff
and PCC members whose sacrifice enables our church to be this growing family of transformationl
So, as we look back on this year, S echo the words of Lamentations 3.'22-23, "because of the Lord's
great love we are not consumed, for his compassions never fail. They are new every morning; great is
your faithfulness.
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 2024
The Parochial Church Council of Holy Trinity Church. Wallington (referred to hereafter as "PCC" or.the Church")
has pleasure in presenting the Annual Report and accounts for the year ended 31 December 2024.
Background
1. The Parochial Church Council {"PCC") has the responsibility of Cowoperaling with the Incumbent in promoting
in the Parish the whole mission of the Church - pastoral, evangelistic, social and 8cumenical in the Parish of Holy
Trinity, Wallinglon. This covers a full range of Christian ministry, worship and service and includes formal
responsibility for the church buildings.
2. The PCC is registered as a charity and PCC members are Trustees.
REFERENCE AND ADMINISTRATIVE DETAIL
Details of the charity registration number, Ihe full address of the Registered Office of the Church, the nam8s of
the current members of the PCC. the Incumbent, Wardens and olher relevant organisations are given on page 1.
PUBLIC BENEFIT
No private benefit is derived from the Church's activities by any Members of the PCC, who do not receive any
remuneration.
The PCC has considered the Public Benefit guidance issued by the Charity Commission and believes very
strongly that the Church demonstrates a real public benefit through its faith, its ethos, ils current activities and its
development plans.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Structure, governance and management
The PCC is a corporale body eslablished by the Church of England. Ils governing documenls are the Parochial
Church Council (Powers) Measure 1956 as amended and th8 Church Representation Rules (contained in
Schedule 3 to the Synodical Government Measure 19691 as amended.
Manag8ment of Rlsk
Following the implementation of Accounting and Reporting of Charities SORP IFRS1021 the PCC is required to
formally review and to record those risks and the action taken to mitigat8 those risks. A revised Risk
Management Policy was approved by the PCC in 2023 and a comprehensive risk assessment completed. The
impact of risks are regularly assessed and any concerns are reported back lo PCC.
Recrultment and appointment of new members of the Parlsh Church Councll
PCC members are recruited in a number of ways. The Clergy and Churchwardens are members by virtue of their
offices. Members of the PCC and Deanery Synod repr8S8ntatlV8s are elected by the Annual Parochial Church
Meeting I'APCM") and hold office for three years or are COwOPted. All PCC members are Trustees of the Charity
and new Truslees are provided wilh a Copy of the goveming documents. copies of recent minutes and other
documents which may be helpful. as well as a preliminary briefing by the Chairman. At 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 newsletters are available to all Truste8s. The Chairman provides briefings from
time to time on the responsibilities of Trustees.
Page 4

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH, WALLINGTON
(A Church of England Parish Church)
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31st DECEMBER 2024
Organlsatlonal structure, decision4naking and delegation to stsff
The PCC carries out its responsibilities of church governance by delegating some responsibilities to employed
staff and subsidiary committees.
Th8 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 to
transact PCC business be￿een meetings.
The Finance Committee works with the Treasurer to establish annual budgets, encourage the voluntary giving
of church members, revi8w church finances, arrange for payment of stsff, and present accounts for
independent examination.
The People and Plant Management Team is designed to manage the day to day operations of th8 8ntir8
premises and the volunt88rs needed to run it. It allows operational issues to be discussed on a monthly basis
and reports all requests for approval to the Management Team or PCC for decisions to be made.
Th8 Export Team acts as the link between the ¢hur¢h and its Mission Partners, encouraging prayer and
communication. The team also agrees the amounts to 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 six as at 31 December 2024. The Church Operations Minister
and Church Adminislrator are responsible for running the church office, administrative assistance lo the Vicar,
and daily operations in the Church and Cenlre. Ministry staff are employed to assist the Vicar in the church's
mission to the Parish. In November. Rev'd Tom Brown was appoinled as Associate Vicar to 8nhance and
grow our local ministry. In addition, we had the benefit of a full lime volunt88r Ministry Trainee.
The PCC is grateful for the enormous variety of serving contrlbutions from church members and church staff
that combine here to effectively advance the mission of the church over this past year.
Safeguardlng
The PCC has complied with th8 duty und8r section 5 of the Safeguarding and Clergy Disciplin8 Measure
2016 (duly to have due regard to the House of Bishops. guidance on safeguarding children and vulnerable
adults).
Page 5

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH, WALLINGTON
(A Church of England Parish Church)
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31st DECEMBER 2024
OBJECTIVES AND ACTIVITIES
The mission statement of Holy Trinity Church is "To be a growing family wher8 God transforms lives through Jesus."
The Objectives of the PCC are defined by the Parochial Church Council (Powers) Measure 1956 as "to ctroperate
with the minister in promoting in the parish the whole mission of the Church.. pastoral. evangelistic, social and
ecumenical.. The primary object of the PCC is therefore the promotion of the Gospel of our Lord Jesus Christ
according to the doctrines and practices of the Church of England.
Holy Trinity Church was opened in 1867 to serve the then quite small community of Wallington. The primary
objeclive of the church is to be a place of Christian worship in accordance with th8 ¢onseNative Evangelical tradition
of the Church of England and this is achieved through a variety of regular services on Sundays and waekdays. In
addition, Holy Trinity acts as a focal point for the local community by providing a meeting place for community groups
to enjoy their own activities. The different groups of church activities Can be summarised as follows-
The Church General Fund for the provision of the main Christian worship activities and outreach to our local
community. We provide a full programme of events for all ages for both Church members and for the wider
community including a youth club, Lunch Club, and parents & toddler groups. 11 also includes the hiring out of th8
Church Hall and linked rooms that are collectively used as a community meeting venue.
The Church Designated funds represent income and expenditure where the purposes are complem8nlary to but
separate from the main activities of the church itself.
> The Reslricled Fund represents the Building Fund and the Compassion Fund. The fonner was set up to facilitate
the financial arrangements to rebuild the old Church Hall into the Trinity Centre and the 2015 re-ord8ring of the
church building and surrounding grounds. The Compassion Fund was launched in 2023 to allow us to provide grants
in support of those members of our church family that are most impacted by increasing living costs.
The Church aims to continue lo maintain ils premises in safe and sound condition for ils users, including outside
parties, through ongoing planned and regular maintenance. The church has been th8 subject of a 20 year project to
upgrade and improve the facilities for the church and local community, which concluded in 2015. In 2021 a further
programme of building 8nhancements was cornpleled to improv8 the current layout and make the Link area more
welcoming.
For many years and as agreed at our Annual meeling, the Church has operated a giving policy Ilhe Church giving a
percentage of its voluntary income) to other Christian or Charitable organisations. in line with biblical principles. This
giving policy continues and we have made donations from our income lo local, national and global mission partners,
societies and charities. The details of payments that have been made are shown on page 23.
The Church greatly values the continuing support of its large number of volunteers. They provide many land often
unseen} services to the Church in many different roles. At least 400/0 of Church members volunteer in various roles
through the year.
ACHIEVEMENTS AND PERFORMANCE
In order to achieve our objectives, the Church provides a number of services of public worship of various types to
enab18 as many people as possible to worship. All are welcome to attend services. As at 31st December 2024 there
were 208 parishioner5 on the Church Roll, of which 181 were nol residents of the Parish. The average Sunday
morning worship community, including those that attend regularly in person or online. was 220 (including 45 children).
The PCC met eight times during the year with an average attendance of 15, reviewing the activities of the committees
to which it has delegated authority for the daY-l￿daY running of the Church's activities.
Page 6

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH, WALLINGTON
{A Church of England Parish Church)
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31st DECEMBER 2024
FINANCIAL REVIEW
Reserves policy
The Pcc-approved policy on reserves is to r8tain res8rves of at least six months. expenditure as per the latest
annual budget lo meet future shortfalls in income or unexpected expenses. Reserves will include both the General
and Designated Funds. As at 31 December 2024 the General Fund Reserves are £174,387 and the Designated
Fund Reserves are £571,245, comfortably above the target of approximately £278,400. The PCC will review on an
ongoing basis the need for free reseNes which are those unrestricted funds not invested in fixed assets or olhemise
designated. The restricted funds are governed by the initial donors, instructions and are distributed accordingly.
Principal funding sources and how expenditure has supported the key objectives
Overall, Holy Trinity finished the year with a deficit of {£71,096) made up of General Fund £74.957, Designated
Funds of1£118.2421. and Restricted Funds of (£27,811). This compares to a net surplLSS of £9,804 in the previous
year. The General Fund surplus was largely achi&v8d through increases in giving, {regular and one-off donations),
improved letting income. combined with costs that were only 100/0 higher than last year. For the Designated Fund,
Ihe PCC approved the use of reserves lo fund the costs of the wall repairs, our Music Minister and rental of a house
for the Curate- this was partially offset by a Grant, a Legacy and interest earned on our deposits.
General Fund - Church
Most operating income is d8rived from regular giving by Church members and Gift Aid is claimed on much of this.
Other donations and cash collections make up the balance of voluntary income. Voluntary Income was significantly
higher than 2023, with church members continuing to give sacrificially followng a fundraising appeal to cover the
£60,000 annual cost to appoint a full time Associate Vicar. We achieved more than the target and Total Voluntary
Income increased by about 260/• on the previous year. Letting income has also increased significantly and the church
is OP8n ev8ry day for our community to use. Expenses were about 100/0 higher than 2023, with Tom, our new
Associate Vicar, joining us in November.
Our Lunch Club provides nourishing meals and fellowship for older members of the Church and the local community.
Other activities include a fully booked weekly Trinity Tots Group {parenls and loddlersl and a Friendship Aftemoon
for all ages. Our Comerstone Café is open days a week serving excellent coff88 and tea and we offer a warm
space for those who need to save heating costs al home. Community groups and commercial hirers use us regularly
and we clear the church space for monthly blood donation sessions run by the NHS - some days are very busy.
In order to comply with pension regulation for eligible salaried employees, Holy Trinity, Wallington participates in the
Church of England Defined Contributions Scheme {DCS) within the Church Workers Pension Fund. We had four
active members at 31 st December 2024.
Deslgnated Funds
We received three Grants totalling just over £4,100 from the Diocese of Southwark to support our Children and Youth
ministry work. The year was dominated by urgent repair work needed on the boundary wall along Manor Road,
which had developed an unsafe angle of lean towards the pavement. The wall is Grade11 listed like the church, and
the worst affected 30m was demolished and rebuilt and the remaining length pinned with ground anchors. The work
took about eight weeks to Gomplete at a total cost of over £106,000 plus a further £10,000 of professional fees. We
are very grateful to The Benefact Trust for their Grant of £3,900 towards this and the balance was covered by
drawing down from our Reserves held on deposit.
We also received a Legacy, and together with the interest earned on our deposit funds, this partially funded the cost
of the Music Minister and the Curate's rent. The remaining deficit was covered by drawing from Designated Fund
reserv8s, as previously approved by the PCC.
Page 7

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH, WALLINGTON
IA Church of England Parish Church}
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31st DECEMBER 2024
FINANCIAL REVIEW cont".
Restrlcted Funds
The Restricted Fund comprises the Building Fund and the Compassion Fund. The 'Building The
Church, project was completed in 2016 and fully funded by January 2018. The PCC now has
responsibility for addressing any residual costs for minor building related issues.
The Compassion Fund was launched in 2023 and raised over £16,000 in donations from church
members. The fund is designed to make grani payments in support of church family members who are
struggling financially subject to guidelin8S Set by th8 PCC. To maintain confidentiality. a small panel
reviews the applications and agrees the amounts lo be paid. Only a few number of applications hav8
been received and none have yet progressed far enough for grants to be paid. The fund continues lo be
open and will be reviewed by the PCC during 2025.
Investment pollcy and performance
The Church does not have a formal investment policy. It endeavours to obtain the best possible secure
return on ils investments and cash balances. Fund balances are invested with the CBF Church of
England Deposit Fund.
Looklng ahead to 2025 and beyond
We have seen another year of growth and increased activity during 2024 and expect this to continue in
the year ahead - serving our church family and our local community. We have committed to provide two
Sunday morning services at 9..15 and 11am in order to provide enough capacity for th8 congr8galion to
meet comfortably and church attendance continues to grow steadily. Our church is open every weekday
lo provide a "Warm Space" a rendezvous for friends. or place for quiet medilalion. Room booking
activity by our hirers has reached ils highest lev81 for many year5 using our facilities for meetings and
events. We are delighted to be able to welcome new people into our buildings.
The budget for 2025 forecasts incom8 of £400,000 and expenditure of £454,500, (General Fund
£426.500 and Designated Fund £28.0001, producing a deficit of £54,500. General Fund Expenses will
be higher than 2024 with increased utility bills, an extra full time member of staff and olher inflationary
increases. We pray that much of the shortfall will be covered through an increase in giving, with an
appeal planned for mid-year. The Designated Fund expenses are expected to be partially covered by
bank interest, with any shortfall covered by drawing on Reserves, as previously approved by the PCC.
In addition, following the Quinquennial Inspection last year, we are plannlng for some roof repairs to be
und8rtaken in 2025, th8 Cost of which is currenlly unknown. As this is an exc8Ptional item, the PCC is
planning lo meet this cost entirely from our cash reserves held on deposit.
Our reserves are sufficiently robust to cover any shortfall in income, but the aim is to refrain from
drawing on reserves lo cover day to day costs. The PCC has approved in principle the use of the
Designated Funds to undertake large capital exp8nditur8.
Message from the Honorary Treasurer
Church life is generally very busy and our Church family is growing. During 2024 we rationalised our
banking relationships and have been able to further streamline our processes {we no longer issue
cheques) and strengthen our financial controls. We recognise that we are blessed to have sufficient
reserves to cover unexpected issues and we are also using these reserves selectively to promote new
opportunities for growth in the future.
Thank you to all who have contributed to these financial results, by your giving and your prayers. Please
continue to pray about our personal giving and for all involved in the financial ministry at Holy Trinity. Our
finances are used to fund the vision "to be a growing family where God transforms lives through Jesus"
We are continually reminded of God's provision and His faithfulness to us year on year.
Page 8

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH, WALLINGTON
(A Church of England Parish Church)
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31st DECEMBER 2024
STATEMENT OF RESPONSIBILITIES OF MEMBERS OF THE PCC
The Members of the PCC are responsible for preparing the Annual Report of the Members of the PCC and
the financial statements in accordance with applicable law and United Kingdom Generally Accepted
Accounting Practice.
The law applicable to charities in England and Wales requires the Members of the PCC to prepare financial
statem8nts 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 r8sourc8s of the Charity for that period. In preparing thasa
financial statements, the Members of the PCC are required to-
select suitable a¢¢ounling policies and then apply them consistently
obseNe the methods and principles in the Charities SORP
make judgments and estimates that are reasonable and prudent
state whether applicable accounting slandards have been followed, subject
to any material departures disclosed and explained in the financial
statements
prepare the financial ststements on the going concern basis unless it is
inappropriate to presume that the Church will continue in its charitable work.
The Members of the PCC are responsible for keeping proper accounling records which disclose with
reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the
financial stat8ments Comply with the Charities Acl 2011 the Charity (Accounts and Reports) Regulations
and the provisions of the governing document. 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.
So far as the Members of the PCC are aware:.
there is no relevant information of which the Charity's examiner is unaware.,
the Members of the PCC have taken all steps that they ought lo have taken
to make themselves aware of any relevant audit information and lo establish
thal the examiner is aware of that information.
INDEPENDENT EXAMINERS
Due to the total gross incom8 being less than £1,000,000, the Church is requir8d to und8rgo only an
Independent Examination, rather than a full Audit. At the Annual General Meeting in April 2024, members
agreed to appoint Sam Thomas of Azets to be the Church's Independ8nl Examiner for the year ended 31st
December 2024.
This report has been prepared in accordance with the Statement of Recommended PractlGe applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102).
1 Oth March 2025
.Revd. James Hills
Incumbent
..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 r8POrt to the trustees on my examination of the accounts of th8 Church for the year ended 31
December 2024, which ar8 Set out on pages 11 to 23.
Responslbllltles and basls of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordanc8
with the requirements of the Charities Act 20111'the Act,).
I report in respect of my examination of the Trustees, accounts carried out under section 145 of the 2011
Act and in carying out my examination I have followed all the applicable Directions given by th8 Charity
Commission under section 145{5){b} of the 2011 Act.
Indopendent examlner's statement
I have completed my examination. I confirm that l am qualified lo undertake the examination because I
am a member of ICAEW, which is one of the listed bodies. I confirm that no material matters have come
to my attention in conneclion with the examination giving me cause to believe that in any material
respect:
(1) accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
(21 the accounts do not accord with those records., or
(31 the accounts do not comply with the applicable requirements concerning the form and content of
accounts S81 out in the Charities (Accounts and R8POrtsl Regulations 2008 other than any r8quirement
that the accounls give a 'true and fair view, which is not a matter considered as part of an independent
examination.
I have no concems and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order lo enable a proper understanding of the accounts to be
reached.
Sam Thomas BA FCA
Independent Examlner
Azets Audit Services
Trinity Court
34 West Street
Sutton, Surrey
SM1 1SH
Dated:
Page 10

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH, WALLINGTON
(A Church of England Parish Church)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31st DECEMBER 2024
Unrestricted Funds
Note General
Designated
Restricted
Funds
Total Funds
2024
2023
Income:
Donations and Legacies
Other Trading Activities
Income from Investments
Other Income
332,306
101,024
761
16,857
16
349,179
101,024
35,516
298,521
94,666
31,718
34,718
37
Total Income
434,091
51,575
53
485,719
424,905
Expendlture:
Expenditure on Charitable Activities
359,134
169,817
27,864
556,815
415,101
Total Expendlture
359,134
169,817
27,864
556,815
415,101
Not Incomel IExpendlture)
Transfers be￿een funds
74,957
{118,242)
127,811)
(71,096)
9,804
Net movemenl In funds
74,957
1118,2421
(27,811)
(71,096)
9,804
Reconclllation of funds
Total funds brought forward 11112024
99,430
689,487
848.831
1.837,748
1,627.944
Total funds carrled forward 3111212024
174,387
571,245
821,020
1,566.652
1,637.748
Page11

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH, WALLINGTON
(A Church of England Parish Church)
BALANCE SHEET
FOR THE YEAR ENDED 31st DECEMBER 2024
Notes
2024
2023
Current Assets
Tangible fixed assets
817,878
847,332
Current Assels
Debtors
Cash al bank and in hand
deposit accounts
current accounts elc.
18,641
16,279
616,813
120,510
713,333
78,642
755,964
808,254
Credftors: amounts falling due
wfthln one year
7,190
17,838
Net current assets
748,774
790,416
Total assets less current Ilabllltles
1,566,652
1,637.748
Credltors: amounts falllng dua
after more than one year
Not assets
1,566,652
1,637,748
Funds:
Unrestricted
general
designated
Restricted
164,387
571,245
821,020
89,430
689.487
848,831
10
1,556,652
1.627,748
Property valuation reserve- General
10,000
10,000
1,566,652
1,637.748
Approved by the Parochial Church Council on 10th March 2025 and signed on its behalf by..
Revd James Hills
Chair
John W Martin
Hon. Treasurer
The notes on pages 14 to 23 fom part of these accounts
Page 12

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH, WALLINGTON
(A Church of England Parish Church)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31st DECEMBER 2024
Total Funds
Notes
02
Cash us•d In operatlng acllvltlos
12
90,168
12,478
Cash flows from Investlng actlvltles
Interast income
Purchase of tangible fixed assets
Sale of tangible fixed assets
Ca8h provlded by (used In) Investlng actlvltl••
35,516
31.718
(6,360)
35,516
25,358
Repayment of borrowing
Cash us•d In flnanclng actlvltl•s
Increase (decrease) in cash and cash equlvalents in the year
154,652)
37,836
Cash and cash equivalents at the beginning of the year
791,975
754,139
Total Cash and Ga•h •qulvalents at tha •nd of th• year
737,323
791,975
Page 13

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 2024
1 ACCOUNTING POLICIES
Charlty Information
The ¢haritVs governing 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 1969 as amended).
(a) Basis for accountlng
These accounts have been prepared in accordance with FRS 102"The Financial Reporting Standard applicable in the UK
and Republic of Ireland" I'FRS 102"), "Accounting and Reporting by Charities" the Statement of Recommended Practice for
charities applying FRS 102, the Charities Act 2011 and UK Generally Accepted Accounting Practice as il applies from 1
January 2019. The Church is a Public Benefit Entity as defined by FRS 102.
The accounts have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required lo
provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities
applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations
but which has since been withdrawn.
The accounts are pr8pared in st8rling, which is the functional currency of the Church. Monetary amounts in these financial
statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention, modified to include the revaluation of freehold
properties and lo include investment properties and certain financial instruments al fair value. The principal accounting
policias adopted are set out below.
(b) Going concern
At the time of approving th8 accounts, the trustees have a reasonabl8 8xpectation that the Church has adequate resourc8S
lo continue in operational existence for the foreseeable future and there are no material uncertainties about the charity's
ability to continue. Thus the trustees continue to adopt the going concern basis of aGcounting in preparing the accounts.
{c) Tanglble Flxed Assets and Depreclatlon
Consecrated and benefice property is excluded from the accounts by S.96{2lla) of the Charities Act 2011.
Moveable churGh 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 th8refore such assets are not valued in the accounls.
All expenditure incurred during the year on consecrated or benefice buildings and moveable Church furnishings, whether
maintenance or improvement, is written off as expenditure in the Statement of Financial Activities and separately disclosed.
Freehold Land and Buildings - The Trinity Centre has been included at the existing use values as at 1st January 1996 with
subsequent additions at cost. The Trinity Centre buildings are being depreciated on a straight line basis at a rate of 2Yo per
annum. Freehold land is not depreciated.
Equipment within the Church premises is depreciated on a straight line basis over 4 years. Individual items of equipment with
a purchase pric8 of £1,000 or less are written off when the asset is acquired.
Donations for fixed assets are written off over the same period as the related assets.
(d) Funds
Unrestricted Funds represent funds of the PCC that are not subject to 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-desi9nated by the PCC.
Restricted Funds represent funds set up for a specific purpose. either by the PCC or the donor. Transfers be￿een
designated and restricted funds are carried 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 2024
1 ACCOUNTING POLICIES (continued)
{e) Exclusions from Flnanclal Statements
The Financial Statements include all Iransaclions, assets and liabilities for which the PCC is responsible in law.
They do not include the accounts of Church Groups that owe their main affiliation lo another body nor those that
are informal gatherings of Church Members.
(fj Incomlng resources
Collections and stewardship giving are recognised in the accounts when received by or on behalf of the PCC.
Legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is
quantifiable and its ultimate receipt by the PCC is reasonably certain.
Income tax recoverable on gift aid donations is recognised when the related income is recognised.
Rental income from the letting of Church premises is recognised when the rental is due.
The Church is greatly assist8d by voluntary help and donations in kind. These ar8 not r8flected in Ihe financial
stalemenls as they are not capable of accurate financial measurement.
Grants receivable are recognised in the accounts when the terms of the grant have been met. Grant incom8 IS
included in Voluntary Income.
(g) Resources expended
Resources expended are recognised in the period in which they are incurred and include VAT which cannot be
recovered. Resources expended are recognised as Charitable activi118s and include gifts made lo registered
charities, log8lher with costs and expenses altribulable lo clergy, running Church services and activities.
Designated Funds and Restricted Funds 8xpenditure are Itemised separately for specific activities of the church.
Governance costs r8present all costs incurred in meeting18gal and financial reporting requirements. Wherever
possible. costs are attributed lo and paid independently by each church activity, but where costs need to be
shared these are clearly identified in the detailed Statement of Financial Activities.
(h) Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits at call with banks. other short-temi Ilquld Investments
with original maturi118s of three months or less, and bank overdrafts. Bank overdrafts are shown within
borrowings in current liabilities.
{11 Flnan¢lal Instruments
The Church has elected lo apply the provisions of Section 11 'Basic Financial Instrumenls, and Section 12 '0ther
Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised
in the Church's balance sheet when the Church becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the nel amounts presented in the financial stalemenls, when there
is a legally enforceable righl to sel off the recognised amounts and there is an intention to settle on a n8t basis or
to realise the asset and settle the liability simultaneously.
Baslc financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction
price including transaction costs and are subsequently carried at amortised cost using the effective interest
method unless the arrang8m8nl constitutes a financing transaction, where the transaction is measured at the
present value of the future receipts discounted at a market rate of interest. Financial assets classified as
receivable within one year are not amortised.
Page 15

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 2024
1 ACCOUNTING POLICIES (continued)
(l) Flnanclal Instruments (contlnuedl
Baslc financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price
unless the arrangement conslitules a financing iransaclion, where the debt instrument is measured at
the present value of the future receipts discounted at a market rate of interest. Financial liabilities
classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised costs, using the effective interest rate method.
Trade cr8ditors 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 curr8nt liabilities rf payment is
due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are
recognisgd inilially at transaction price and subsequently measured at amortised cost using the
effective interest method.
Derocognltlon of flnanclal Ilabllltles
Financial liabilities are d8recognised when the Church's contractual obligations expire or are
discharged or cancelled.
U) Dlocesan Parlsh Support Fund
The amount of the Parish Support Fund is agreed by the PCC and is accounted for when payable. Any
amount unpaid at 31sl December is provided for in the accounts as an operational (though not a legal)
liability and is shown as a creditor in the Balance Sheet.
(k) Glfts to other organlsatlon$
The Annual Parochial Church Council agrees the total amount to be paid as gifts to other
organisalions and payments to mission partners and missionary soci81ies from the General Fund in
the budget-setting PCC Meeting in the autumn.
11) Penslon costs
The charity participates in th8 Pension Builder Scheme {PBS) and the Defined Beneflls Scheme
{DBSI, both defined benefit schemes within the Church Workers Pension Fund, administered by the
Church of England Pensions Board.
The Church is unable lo identify its share of the underlying assets and liabilities, as each employer is
exposed to actuarial risks associated with th8 current and former employees of other participating
entities. The assets of the scheme are held separately from those of the employer. In this instance,
FRS102 requires that the contributions be accounted for as if it were a defined contribution scheme.
Pension costs are therefore the contributions payable to the Scheme in the year.
Crltlcal accountlng estlmates and Judgements
In the application of the Church's accounting policies, the trustees are required to mak8 judgements.
estimates and assumptions about the carying amount of asset and liabilities that are not readily
apparent from oth&r sources. The eslimales and associated assumptions are based on historical
experience and other factors that are considered to be relevant. Actual results may diff8r from these
estimates.
The estimates and underlying assumptions a￿ reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised where the revision
affects only that period, or in the period of the revision and future periods where the revision affects
both Current 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 2024 (Cont'dl
2 INCOME
Unrestricted Funds
General
Designated
Restrlcted
Funds
Total Funds
2024
2023
Donations and Legacies
Stewardship donations
Standing Orders
Income Tax recoverable
CAP Donalions
Collections
Donations
185,225
57,145
185,225
57,145
2,500
9,167
81,220
335,257
164.635
45,127
1,500
9,399
61,844
282,505
2,SOO
9,167
80,769
332,306
435
2.935
16
16
Other voluntary Income
Legacies
Grants
5.922
8,000
13,922
5,922
8,000
13,922
12,000
4.016
16,016
Total Donatlons and Legacles
332,306
16,857
16
349,179
298,521
Oth•r Tradlng Actlvltles
Literature sales
Lunch Club income
Other income
Trinity Centre lettings
Fees
Café Income
Trinity Tots
299
7,271
4,190
81.336
2,519
4,211
1,198
299
7,271
4,190
81,336
2,519
4,211
1,198
504
7,665
6,081
68,425
6,401
4,509
1,081
Total Other Tradlng Activlties
101,024
101,024
94,666
Other income
Other income
Total Other Income
Income from Investments
Deposit interest
761
34,718
37
35,516
31,718
Total Income
434,091
51,575
53
485,719
424,905
Page 17

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 2024 (Cont'd)
3 EXPENDITURE
Expendlture on Charitable Activities
Unrestricted Funds
General
Designated
R8Strl¢ted
Funds
Tolal Funds
2024
2023
Charitable Activities
Mission
Grants & Gifts to other organisations (note 15)
Diocesan Parish Support Fund
Staff housing
Staff expenses
Fees paid to Diocese
Youthlsunday School
Christians Against Poverty Expenses
Staff training
Service expenses
Literature costs
Outreach
Trinity Tots
Café costs and purchases
Lunch Club costs
Vicarfs Discretionary Fund
Stafflng (note 41
Associate Vicar
Director of Women & Families Ministry
Music Minister
Youth Minister
Church Ops Minister
Church Adminislralor
Adminlslratlon and Buildings
utilities
Insuranc8
Repairs and maintenance
Consumables
Garden Maintenance
Cleaner and Cleanlng Material
Waste Collection
IT
Music LicenceslEquipmenl
Web site and Marketing
Building Costs
Depreciation
Printing, stationery and office services
Bank Charges
General 8XP8nses
Membership & Subscriptions
22,152
86,300
8,600
9,054
1,926
4,219
1,392
559
1,946
312
4.201
22
3,600
4,838
253
22.152
86,300
23,600
9.054
1,926
8,754
3,892
559
1,946
312
4,201
383
3,600
4,838
253
19,814
85,000
16,200
3,179
3,569
2,613
3,677
15,000
4,535
2,500
1,700
1,789
3.735
526
3,981
4,543
361
5.654
23,014
5,654
23,014
29.451
38,873
35,414
27,342
22,037
32,759
37,448
35,687
22,473
29,451
38,873
35,414
27,342
18,321
7.621
7,262
2,595
2,058
17,214
1,312
943
1,706
521
18,321
7,621
7,262
2,595
2,058
17,214
1,312
943
1,706
521
106,670
29.454
7,981
578
5,471
57
541,282
20,622
7,017
11,871
1,840
15,864
1,094
1,907
550
106,670
1,590
7,981
578
4,688
57
354,118
27,864
29,454
7,263
340
8,504
107
407,163
783
159.300
27,864
Governance Costs
Independent Examination fee
Professional Fees
3,540
1,476
5,016
3.540
11,993
15,533
3.360
4,578
7,938
10,517
10,517
Total Expenditure
359,134
169,817
27,864
556,815
415,101
Page 18

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 2024 (Cont'dl
4 STAFF COSTS
Unrestricted Funds
G8noral
Designated
Restrlcted
Funds
Total Funds
2024
2023
Staff wages
Social Security costs
Pension costs
118,963
6,768
4,566
26,879
1,362
1,210
145,842
8,130
5,776
137,158
7.597
5.649
130,297
29,451
159,748
150,404
No employee received emoluments in 8xcess of £60,000 p.a.
2024
2023
Number of employees: Holy Trinity Church
The Associat8 Vicar is not an employee of the PCC, but is an Office Holder appointed and licensed by the
Diocese - his remuneration and benefits are paid by the Diocese. The total Costs. including Stipend, Nl and
Pension contributions, are invoiced to Holy Trinity monthly and settlad by Direct Debit.
Penslon costs
The pension costs above represent the contributions payable in Ihe year and Holy Trinity staff are members of
the Church Workers Pension Fund, Pension Builder Classic scheme. A full actuarial valuation of the Pension
Fund is conducted Iriennially. with the latest valuation being performed as at 31 December 2022. This
valuation revealed a Surplus of £34.8m in the PB Classic scheme on an ongoing valuation basis. Al the
Annual Review in January 2025, the Board agreed to a discretionary pension increase bonus of 2.7010 following
funding improvemenls in 2024. As th& PB Classic scheme is currently fully funded, Ihere is no debt due under
Section 75 of the Pensions Act if Holy Trinity leaves the scheme. The Church Pensions Board is not expected
to make any changes lo the scheme at this point in time.
5 FIXED ASSETS
Freehold land
and Bulldlngs
Furniture and
Equipment
Total
Gross Book Valu•
As at 1.1.2024
Additions during year
As at 31.12.2024
Depreclation
Asat 1.1.2024
Charge for the year
1,403,214
157,800
1,581,014
1,403,214
157,800
1,561,014
560,652
27,864
153,030
1.590
713,682
29,454
As al 31.12.2024
588,516
154,620
743,136
Net Book Value
As at 31.12.2024
814,698
3,180
817,878
As at 31.12.2023
842,562
4,770
847,332
Gross Book
Value at
31.12.2024
Value
of Land
included
General Fund- Trinity C8ntre- Land. Estimated value at 1.1.1996
10,000
10,000
1,393,214
1,403.214
10,000
10,000
Restricted Fund - Cost- Trinity Centre, Wallington. Surrey
10,000
Page 19

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 2024 (Cont'd)
5 (contlnued)
The gross book value is based on th8 value estimated by the PCC as at 1st January 1996 or the cost of
subsequent additions. The market value of the Freehold land and Buildings is considered to materially exceed the
book value, however, due to the specialised nature of the properties, the difference cannot be practically quantified.
The Gross Book Value of the Furniture and Equipment is shared b8tween the General Fund {£21,408) and the
Restricted Fund (£130,032). In 2023, a new dishwasher was purchased al a cost of £6,360 in the General Fund.
6 DEBTORS
2024
2023
Income tax recoverable
Hall hire due
Prepayments
Interest due on Deposits
3,738
7,579
2,595
4,117
7,324
18,641
9,567
16,279
7 CREDITORS Amount falling due within one year
2024
Accruals
Trade Creditors
Grants Payable
6,185
8,805
2,173
6,860
17,838
1,005
7,190
8 TRANSACTIONS WITH MEMBERS OF THE PAROCHIAL CHURCH COUNCIL
None of the Trustees received any remuneration or expenses during the year for their role as Trustees.
A proportion of the housing costs and agreed work expenses have been met for the Clergy members of the PCC.
The Staff Expenses of £9,054 {£3,179 in 20231 include the expenses paid to trustees and Staff, covering
expenditure for Travel, Telephone, Conferences and Training, and Hospitality. In 2024, this also includes a moving
grant lo the Associate Vicar and recruitment expenses from the appointment process.
There have been no related party transactions in the reporting period that require disclosure.
9 ANALYSIS OF NET ASSETS BY FUND
Unrestrlcted Funds
General
Deslgnated
Restrictod
Funds
Tolal
Funds
Fixed assets
Income tax recoverable
Other debtors
Bank deposit accounts
Bank currenl accounts and cash
Creditors.. amounts falling due within one year
Inter-fund balances
13,180
3,738
7,588
804,698
817,878
3,738
14,903
616,813
120,510
(7,190)
7,315
616,029
104,188
17,006)
51,915
16,322
(184)
{51.915)
174,387
571.245
821,020
1.566,652
Funds
Property Revaluation Reserve
164,387
10,000
571,245
821,020
1,556,652
10,000
Fund Balances
174,387
571,245
821.020
1,566,652
Page 20

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 2024 {Cont'd)
10 DESIGNATED FUNDS
Balance
1.1.2024
Incoming
Resources
Resources
Expended
Balance
31.12.2024
Transfers
Grants and Designated Income
689,487
51,575
{169,817)
571,245
689,487
51,575
1169,8171
571,245
Grants and D8signated Income
Designated funds are for income where the purpose is outside of the normal day to day running costs of the
church and where the PCC approve the use of Ihem. In 2024, we received four granls and one legacy and
these funds were earmarked as Designated Funds in the normal way and partly funded the capital
expenditure and the cost of the Music Minister and Curate's house rent in line with PCC approval. Three
grants lotalled £4,100 and were for Children and Youth related aclivilies, and we were delighted lo be
awarded a grant of £3,900 from the 88nefacl Trust towards the repair costs of th8 wall.
11 RESTRICTED FUNDS
Balanc•
1.1.2024
Incomlng
Resources
Resources
Expended
Balance
31.12.2024
Transfers
Building Fundlcompasslon Fund
848,831
53
127,864)
821,020
848,831
53
(27,864)
821,020
Buildlng Fund
Phas& 1 of the Trinity Centre Project (the construction of th8 new Trinity Centre to replace the former hall and
meeting rooms) was completed at a cost of £1.423.000 in November 2003 and was fully funded by April
2006.
Phase 2 {Building The Church projecll was completed in 2016. The final project cost was £1.858m, fully
funded by January 2018, with the PCC now taking responsibility for addressing any residual costs for minor
building related issues.
Compasslon Fund
The PCC approved the creation of the new Compassion Fund in 2023 and it rais8d over £16,000 in donations
from church members in the first year. The fund is designed to make grant payments in support of church
family members who are struggling financially, subject to PCC approved guidelines regarding who may apply
and the types of grants available. The demand for this type of supporl has been lower than expected and
only a few applications have been received. None have yet progressed far enough for grants lo be paid, but
the fund continues to be open and will be reviewed by the PCC during 2025.
Page 21

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 2024 (Cont'd)
12 RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES
Total Funds
2024
2023
Net Movement in Funds
Add back depreciation chargé
Deduct Inlerest Income shown
Decreas8 {Incr@as8) in debtors
Increase {Decrease) in creditors
Net cash used in Operating activities
(71.096)
29,454
(35,516)
(2,362)
(10,648)
90,168
9,804
29,454
(31.718)
(6,088)
11,026
12,478
13 TRUST FUND
The PCC was the Managing Trustee of a Tru$1 whose effective control passed to the Diocese over 20 years ago. At
31st December 2024 the Trust held ass81s of £370,65612023 - £362,363>. The income from this fund is used to
cover clergy stlpends of Ihe whole Dlocese, and does not therefore form part of these accounts. The income or
Capital of this Trust may become available to the PCC if at som8 tim8 in th8 future the Diocese were to hand back to
the Parishes the responsibility for remunerating their own clergy.
14 CONTINGENT ASSET
In 2002 Springfi8ld Church was grant8d an ex-Parochial Place and thus b8came18gally independ8nt of Holy
Trinity PCC. Holy Trinity has a contingent interest in 500/0 of the Springfield Church Clergy House- 49, Stanley Park
Road, Wallinglon. The PCC would receive 50•/0 of the sale proceeds if either..
(a) Springfield Church ceased to be part of the Church of England, or
Ib) Springfield Church was no long8r required to provide a clergy House and the property could be sold.
As at 31 December 2024, It is not practical to estimate the financial effect of these conditions being met.
Pag8 22

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 2024 (Cont'd)
15 GRANTS PAYABLE
Totsl
2024
Total
2023
The following grants were made by the PCC in 2024
Mission Societies
Bible Society
Wycliffe Bible Translators
650
1,000
595
952
Mission Partners
James Barnard (Youth with a Mission)
Pip & Si Wilson
Emma Nunn
Deborah Prisk
3,015
3.015
3.015
3,015
3,565
3,565
3,565
Other Donatlons
Chris Donovan Trust.
Christian Institute
Church Society
Compassion UK
Sutton Nightwatch
Holy Trinity School Maintenance Fund
Open Doors
Sutton Communlty Works
Sutton Schoolswork
Local Missionlchurch Plant
Totsl Grants Payable
500
650
300
875
252
1.800
650
650
1,760
1,005
22,152
476
1,095
119
833
155
1,800
595
595
1,904
19,814
Page 23