# **ANNUAL REPORT AND ACCOUNTS FOR THE FINANCIAL YEAR 2022** ## **THE PARISH OF HOLY TRINITY, BRADFORD ON AVON ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2022** ## **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 2022 until the date this Report was approved are: _Ex officio Rector_ The Revd Canon Joanna Abecassis Chair _Associate Priest_ The Revd Sarah Jackson Vice Chair (from APCM 2022) _Licensed Lay Minister_ Graham Dove Secretary _Churchwarden_ (until APCM 2022) David Milne Vice Chair ## _Representative on the Deanery Synod_ Graham Dove _Elected members_ Zabe Ashworth-James Elaine Giles Treasurer Julia Steward Peter Yarker _Co-opted members_ Tony Bruun (until APCM 2022) ## **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 2022** Costs for 2022 increased with the appointment of two new staff members midway through the year and of course the rising costs of gas and electric. As I said in the _Parish News_ for March 2023, the church needs an income of approximately £130,000 per year to cover our expenses. As you can see from the attached reports, income in 2022 was £125,371 (including £7,875 from the Diocese to help with heating costs but excluding the Friends donation) and our expenses were £127,474. Thus for the year we had a deficit of income over expenditure of £2,103. However cash balances at the end of the year were a healthy £150,714. In 2022 the church was open on a fulltime basis and restrictions on seating were gradually lifted, so more parishioners felt comfortable with attending church and giving went up. The Street Market was a success, despite a heavy downpour over the lunch period and of course the Christmas Tree Festival was hugely popular, over 300 attended on the last day even though there was snow on the ground. I would like to thank John Potter and John Cox for organising the Street Market and Christmas Tree Festival, Aylene Clack for holding the fort during her reduced hours and finally Klaus Huber for his sterling work on the accounts. _Elaine Giles, Treasurer_ 3 Holy Trinty PCC atysLs of Incon* a￿1 expendrtu Sekctsd period: 01 January2022 to 310ewnber2022 To¢AI Gèneral Desl9nated Restrlcted Endo*Tnenl Thls ￿ar Last year Incorroand endownpnts fron Donatlons attd t•gAcl*$ D1o1-knQft*dd-Bankstst￿ryader D101012-SAw*$hp 0110-GftAd- B￿k$Le￿Ingord D201.tsftA¢. 0301.Fknwlectiorts E10,376.ts) £1,7WJ.13 £31,692.(1) t717.CQ £4,%7.41 £4￿A5 £10.376(1) e1.793 13 £31.￿2.[￿> £n7 £4J67.41 £490&S t13.431.fh) £2,310.61 £42,434. £1,fj7D. £4.9￿.37 £210.81 £1,￿5.71 £1.685.71 £￿( £7￿.￿0 1-th￿ff (&ft14d¥¥ts 0510-wnsw￿1ty￿9S 0S￿-L￿￿til￿s14￿Serg[OUEG1 £1.375. £1,4￿.35 £6.87T.15 £243.14 £243.14 £5,478. £3,373SS £18,456.CO £5A78.S) t3.3735S £18A56.(K) £23.818 £11.W761 0552-Chlnethnaor£ IPanshl31irol £218185B £11,N7fi1 e13,3X.24 0701-Legaaes £7,675.49 £38.14 e7.87S49 £38.14 [3￿.[￿) £72%.04 1-(knrkndsqen￿￿d 161O-(*9￿flknd thnalons Donatlons and legacl•J Toi415 £98,894.53 £23.818.58 £122,713.11 £99.286.37 Incom• Irom charltablé actl¥ltt•s 1101. FeesforMEthing a￿knera￿ 1510-Swi Qubsut £8.111.(1) £340.( £6.111.(r) £340.Q £5W.IA) Income from ¢harltable actlvttles Total £6.451.00 £6,451.00 f5,885.00 Other tradlng actlvitles 0910-StregtNtsket&TwF8Stwl l240-Ch￿thIer1rnO5 £5,WJ2.TJ £8,W.(l) £3,fyJQ.( £s.￿2.Tj £8.684(K) £3.WQKTr £1,8W.34 £4.4n. 53,6W.00 Other tradlng actfvltles Total £18.216.73 £1B,216.73 £9.953.34 I￿-￿kandbyik￿n9¥￿jetyin]Wy￿I £754.( £754 e1(tr.79 Inves¢ments Totals e754.04 £754.04 £102.79 Other l310-hsuwce¢￿r￿s 141o-WTrKu*ry￿ld￿5 l710-Srf￿￿ £674. OJ1 £874. £3È031 f2.4*.85 £2,459.65 Other Incon* Totals £1,Q54.99 £1,054.99 117F*hLOy 2w1J4.￿ k¥hl P*Jtr1 trf2 Total nqral Dqslgnated RqJtwlct•d Endo*Tnpnl Thi$ 5•ar La$t ￿*r In¢on*and endownwnts l>andtotsig £125,371.29 £23,818.58 £149,189.87 £117,687.15 Expendiknre on: RAlslng fund¥ I72)-c￿ d8*%4F￿dSliPl3rn￿Hi9n 17￿-Co$L4 df*S &thieKerts £￿4.45 £324.49 RAlslng funds Total* £324.4S £324.45 £365.39 Exwndlture on charltabl• act4vltles 1W1-ChaitaYegiiing 183)-G￿r¥j-f0ti￿ £?,W.T2 £2.684. £￿.00 I910-￿ISh$h￿è E68.148.(1) fa,￿5.40 £4,104. £6B.148(fl £64.￿.50 [6.?￿.80 £1,761.15 t1n.fh) 20￿-￿Ming1￿1wa￿s 2101-awgye>perts 21￿. IlcryegathewÈg 2201-Paishtrairiryand misNon 2301-chLYthmnnNw.InS￿aTh 2319-ch￿￿￿1￿hQ￿&1￿tOnPt 232)-(*0￿lplaTh)rn￿n￿￿ 2th-chwchma1rt8n￿Cè £4.104. £1S7. £157. £1%.99 £S,Z)52B EY7. £1,496. £3,&YAg £2,643.46 £7563) £8.￿5.28 £Y7 £1AgS.f £5.772.37 £4J1.Q6 £8￿.4) ,131.58 Q,171.64 £1.0%.14 0,1￿.L￿) £4,074Q6 £3,121.$0 £T.379.16 .81 2331-ChLYthLapaniry(v51&vdges 2NO-UpkttpolseNitrS 25￿-up￿￿pofch￿11g 23th-￿mIri$tr￿offt £2.643.46 £758 £z,(ws) £1,(S1. £3,779 £9,118. 7.79 .LBO.S) £1.i￿1. t3.7T9 £9.118. £3B779 2401-ChuChwn[￿￿.￿￿tiltt 2410-ChLYthNnning-ga5 242)-chuchwnn￿￿.waÈr 2701-ChLYthmajN￿p￿[S-0w2K 2710-ChuchifflpwnBnts IfttTh Fri8ndstknafjonl 280l-s￿stye>pertsÈS )￿l-(wIst5aw&1￿￿s 3101-H￿Pay￿9rfS resbYNw935 54 e3.W 2.88 £1￿.05 £4,706.40 £3,6T3. £2,￿.(ts È4.7064ts £3.613.( £2.￿3.( t4,6￿.S4 Q,9&.16 £1.7￿.74 £fj(B.fjo 3301-Chnsbnas wds 34Q-F%)s￿l4ify(￿5ts Expèndlture on charllAbl* acllvltl•s TotAIs £126.769.83 £3,096.$4 £129.866.37 £113.626.ss Other expen¢Jlture 2￿1.Re(lderfr0 pwiedewses 3401-s[￿C￿ (dkcbons 3501.(*rMBlaIu5fft)￿ts £1221.36 Olher ex￿n￿lture Totals £380.31 £380.31 £1,221.36 Expenditthre Grandtotals £127,474.59 £3,0￿54 £130,571.13 £115313aO 117F*hLOy 2w1J4.￿ k¥hl P*Jtr2 trf2 ## Holy Trinity Vicar and Church Wardens Accounts - 2022 CBF Church of England Deposit Fund ||Income|Expenditure| |---|---|---| ||£|£| |Opening Balance as at 1.1.22|10693.34|| |Interest Added*|9.32|| |Leaving Present for C Warden||125| |New choir robes||793.23| ||10702.66|918.23| |Balance as at 31.12.22|9784.43|| |* As of 1.4.22 Interest paid to Co-op current Account||| 6 **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2022** ## **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. 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. 7 ## **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 £15,465. Tax & NI deductions amounted to £3,673. For the first half of the year, the PCC employed a Director of Music, an Administrative Assistant/Book-keeper (13 hours per week) and a cleaner. From July, it employed a Comms Officer, a Book-keeper and an Administrator (totalling 22 hours per week), in addition to the Director of Music and cleaner. All 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, 22 March 2023 and signed by the Chair, The Revd Canon Joanna Abecassis. 8 Independent examiner's report to the trustees of Holy Trinity Parochial Church Council. I report on my examination of the church accounts for the year ended 31 December 2022. Respectlve Responslbllltles of Trustees and examlner The Church s trustees are responsible for the preparalion of the accounts. The church's tnjstees consider that an audit is not required for the year under section 144{2} of the Charities Act 2011 {the 2011 Act) and that an independent examination is required. As independent examiner it is my responsibility to: Examine the accounts {under section 145 of the 2011 Act)". To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 14515Mb) of the 2011 Act>- and To stste whether particular matters have come to my attention. Independent examlner's statement I have completed my examination. I confim that no material matters have come to my attention in connection with the examination gNing 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 2. The accounts do not accord with those records. I have no concems and have corne across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the acC￿ntS to be reached. Signed: Oats.. 24 March 2023 Richard Ross 78 Bath Road Bradford on Avon BA15 2PB