# **ANNUAL REPORT AND ACCOUNTS FOR THE FINANCIAL YEAR 2021** ## **THE PARISH OF HOLY TRINITY, BRADFORD ON AVON ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2021** ## **Administrative information** The parish (from March 2013) is part of the Benefice of Bradford on Avon Holy Trinity, Westwood and Wingfield, within the Bradford Group Ministry, in the Deanery of Bradford, in the Diocese of Salisbury, within the Church of England. The correspondence address is: The Vicarage, 18A Woolley Street, Bradford on Avon, Wiltshire, BA15 1AF. The Parochial Church Council (PCC) is a charity registered with the Charity Commission. Charity number: 1134135 PCC members who have served from 1 January 2021 until the date this Report was approved are: _Ex officio Rector_ The Revd Canon Joanna Abecassis Chair _Associate Priest_ The Revd Dr Ali Green (until October 2021) _Licensed Lay Minister_ Graham Dove Secretary _Churchwarden_ David Milne Vice Chair ## _Representative on the Deanery Synod_ Graham Dove _Elected members_ Zabe Ashworth-James Tony Bruun (until APCM) Elaine Giles _Co-opted members_ Tony Bruun (from APCM) ## **Structure, governance and management** The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. ## **Aim and purposes** Holy Trinity PCC has the responsibility of co-operating with the incumbent, the Revd Joanna Abecassis, in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It is also responsible for the maintenance of the church buildings and contents, and takes a keen interest in the care and maintenance of the churchyard. 2 ## **Objectives and Activities** The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at Holy Trinity. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer and scripture, music and sacrament. When planning our activities for the year, we have considered the Commission's guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. In particular, we try to enable people to live out their faith as part of our parish community through: - worship and prayer, learning about the gospel, and developing their Christian faith - provision of pastoral care for people living in the parish - missionary and outreach work To facilitate this work it is important that we maintain the fabric of Holy Trinity Church. ## **Treasurer’s Report & Accounts for 2021** There were no legacies this year but with the help of some generous donations, reduced staffing costs, money from HMRC’s furlough scheme, the Street Market and the Christmas Tree Festival, we were able to make a small profit of £2,474. Fortunately there are no late additions to expenditure this year. Current cash balances remain healthy at £156,000. In 2021 the church remained open for a limited number of services, however social distancing was still in place, restricting the number of attendees. From the middle of the year the number of events, weddings and funerals began to increase, adding to our income, though some of the payments for events had been made in 2020. In addition the church was open during the day, which led to an increase in giving. Once again I would like to give my thanks to Aylene Clack, our Benifice Admin Assistant, for her hard work throughout the year, with the pandemic continuing to mean she had some home schooling to do. _Elaine Giles, Treasurer_ 3 loty Tthmy PCC ofln¢orrn and •xpgndlWr• 8*ct•d powlod: 01 Januwy 202110 31 Dec8nknr2tr21 D••lgn•t•d R••trl¢t•4 Endowff•nt L••t ￿•1 Incomè and •ndown*nts from: Don•tl•n• l•g•¢l•• EI1431A) 2.4NKQ É1.fjlUth) £49]U7 £13I31m £11.128,rx) £42,434.W £39.￿. £1,6TO. 0l10.QR￿d.B0rthst￿)Jr9Othr OXIl.¢jft￿d.Er*4e £3.497.&3 £153.42 £372.17 .c 0401.ktlwCQr￿￿SaIÈ f210.81 El,375m £1,485 E6,8n.15 £13,3Tr24 0510-fr*Athlity3des £1.485 £WT.I5 ÉiW24 £7.585. £14.K6.S3 £1&1YJJ. OWJ1.TuTeCtrw*4eL¥I¢3ft￿0 0701.LeB&J8% rJ2)JfX) £7Xg. 259.04 £7.￿24 DOn￿l•n8 Ind l•g•¢l•¥ To1￿8 É#1,975.78 £16.975.76 É102,Jts.91 In¢om Irom ¢harRabh •¢tlvlll•i £2a11161 £5mS.f F2,310ffj1 £5.￿5 £&UJ5 £2.￿ 1101.Fe8s Incom? from charltable aGtlvllleB Tot•lB f8,195.01 £5.8O9.25 Oth•rtradlnu ¥¢ihrtlo• £1 £4.4n(lJ £1MJ4 £4,472m £3,￿￿ 1240.thrth 542rrJ l410.v￿rr￿v￿yWI¢fir9 £3.W363 Other tradlng aclfvttles Total* £9,9￿34 f9,953J4 .535.63 Investments 1O20.BarA(￿db11c1rIJSts￿&￿I £102.79 £iro.79 £579. Inv•$tn*iits Tot¥l¥ £10179 £102.79 £579.59 Trh•r In¢0 1710.SowiS E2,4$9ffj f2A59.05 Other Incoms Totals £2,459. £435.88 Incomè and •ndovm*nts trdndtotals £117.687.15 £117N7.15 £118.67026 Exp8ndlturn on: Ralslnll lundi Total Gèn•ral D&slgnat•d R•strlctod Endo%Ymènt Th15 ￿&r L￿t ￿ar Ralslng fund5 Tota15 £365.39 £365.39 Expendlture on charltable actlvltles 1￿1-chan1#Aeg￿lng £37327 £64.9)29) £11782. 1910-Pari5hsha 2￿.￿Min$taff wag&5 2101. RgAL￿$ 2130.lA(xwe¥￿ewes 2201-Panshtrainiwand nNssion ffj4,￿3 £6,740. £1,761.15 £175m £6,740. E1,761.15 £175. £156. £5,7T227 £481 £156.99 £5,m27 £481.( £&81942 £1￿47 2320.cYganlrAanoma￿￿nar 2330.cmthmln*￿ 2&31.CMthde8rMngtt6t&wbJes 2340.UrAwofsenir*s 2350. £W.28 £2,131. £2.177fi4 £1,i￿9.14 £2,175 £4,07426 £3,121. £7,379.16 F2,131 £2.177.64 £1,[￿9.14 ,175 E4,074 £3,121. £7,379.16 £1.337.75 £2.217. £Y36.25 £1.220 £150(1) 2401-cmrth￿nlry-￿thC £2.938.11 £1854.28 £3n. 2420.CMff* N￿n1￿-118Ér 2701.CMFth malorreFeirs.(w 2￿1.&￿$tyP￿5es 3CX)1.1)pnist8a¥&kns 3101. restaff way6 3￿1.F￿￿kI9r&pnTrlw￿&ts 33)l.￿s$b￿s ¢xds £8.158.27 £152.71 £IW 10 £2.539.24 £1.659.04 £1￿ t4,￿￿4 £2,￿.16 £1,766.74 t1￿ t4,￿ £2,986.16 E1,766.74 Expendlture on charltable actlvttles Totals £113,626.55 £113,626.55 £116.465.89 Oth?r expenditure £1,721 £1,721 3S)1.G8n8ral wjiustsnts £1.262 C*her expendlture Totals £1.221.36 £1221.36 £1.262.00 Expenditure Grdnd tota15 £115,213.30 £115213.30 £117,747. Hoty Twlnky PCC staten*ntof Assets and LiabilitEs Ibyfundl As ot: 31 De¢erT&)er2021 Balanco Pr•vlous balance Cwsh At Bank knd In Hwnd 6501= HSBC curr8rbt ac¢ount (knr*fJnd Lknre5tr¢*d £51,gZJ £51,923.00 £49.449.15 £49,449.15 6510= CCLAd•po8lt a¢Munt £IN,1*. £10I136.fA) £104.136.00 £104.13fj.00 Cash Nl B&nk Ind In Hand £156,059.00 £153,585.15 Grand T¢)tsl £156,059.00 £153,585.15 ## Holy Trinity Vicar and Church Wardens Accounts - 2021 CBF Church of England Deposit Fund |Opening Balance as at 1.1.21
Transfer from HSBC
Interest Added
Closing Balance as at 31.12.20
HSBC
Balance as at 1.1.21
29.1.21 RBS Dividend
3.2.21 Honorarium
30.9.21 Transfer to CBF
Balance as at 31.12.21
Balance as at 31.12.21|Income
Expenditure
£
£
6848.13
3841.26
3.95
10693.34
3922.36
18.90
100.00
3841.26
3941.26
3941.26
0
10693.34| |---|---| ||10693.34| ## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2021** ## **ACCOUNTING POLICIES** The PCC is a public benefit entity within the meaning of Financial Reporting Standards 102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations’ “true and fair view” provisions, and have been prepared under FRS 102 (2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP (FRS102)). ## **ASSETS** ## **Consecrated and benefice property** In so far as consecrated and benefice property of any kind is excluded from the statutory definition of ‘charity’ by Section 10(2)(a) and (c) of the Charities Act 2011 such assets are not capitalised in the financial statements. ## **Moveable church furnishings** These are capitalised at cost and depreciated over their useful economic life other than where insufficient cost information is available. In this case the item is not capitalised, but all items are included in the Church’s inventory in any case. ## **Tangible fixed assets for use by charity** These are capitalised if they can be used for more than one year, and cost at least £1,000. They are valued at cost or else, for gifts-in-kind, at a reasonable estimate of their open market value on receipt. 6 Depreciation is calculated to write off the capitalised cost of fixed assets, less their currently anticipated residual fair value over their estimated useful lives as follows: - Land Nil - Computers 4 years No depreciation is provided on buildings as the currently estimated residual value of the properties is not less than their carrying value, and the remaining useful life of these assets currently exceeds 50 years, so that any depreciation charges would be immaterial. ## **Short term deposits** These are the cash held on deposit at the bank. ## **FUNDS** ## **Unrestricted Funds** These represent the remaining income funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use or for spending on a future project and which are therefore not included in its ‘free reserves’ as disclosed in the trustees’ report. ## **Restricted Funds** These are income funds that must be spent on restricted purposes and details of any funds held and restrictions provided are shown in the notes to the accounts. There are currently no Holy Trinity PCC Restricted Funds. ## **Endowment Funds** These are restricted funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any income or other benefit derived from the capital may be restricted or unrestricted. Full details of all their restrictions are shown in the notes to the accounts. ## **Vicar and Churchwardens’ Fund** This is shown as a separate statement. The Fund (“Miss KE Webber’s Bequest”) was formerly vested in the Diocesan Board of Finance under the ‘Incumbent and Churchwardens Trust Measure 1964’, and was for the “general purpose of Holy Trinity Church”. It was therefore used to purchase the new church seating. It is a PCC fund but separate from the General Fund, and any decisions have to be specifically agreed by the Vicar and Churchwardens. The fund is now under the care of the PCC Treasurer. ## **RESERVES POLICY** In view of the current financial position the PCC has agreed that the policy relating to any remaining free reserves is to look at maintaining the balance between paying all lines of expenditure as they fall due and remaining solvent at the year end. By far the largest level of expenditure is the Diocesan Share payments and it is the stated objective of the PCC to continue to pay the “Share” in full, but this will have to be dependent on the level of income received and cash flow constraints. ## **STAFF COSTS** Gross Wages & Salaries for the year amounted to £13,106. 7 Tax & NI deductions amounted to £2,986. During the year the PCC employed a Director of Music, an administrative assistant/bookkeeper and a cleaner. All three are employed on a part time basis. There were no employee benefits paid to members of staff during the current or previous year. ## **VAT RECOVERY** Generally, the church has to pay VAT on all goods & services. Where possible this is recovered under the Listed Places of Worship Grant Scheme. Annual Report and Accounts agreed by the PCC, XXXX 2022 and signed by the Chair, The Revd Canon Joanna Abecassis. 8