## Annual Report ## and ## Financial Statements ## of the ## Parochial Church Council for Parish of Holy Trinity with St. Columba, Fareham for Year ending 31[st] December 2021 Registered Charity No. 1135129 Annual Report year end 31 December 2021 for Holy Trinity with St. Columba PCC ## **Contents** Statutory Information ............................................................................................................................................ 3 The Parish and the Parochial Church Council.......................................................................................................... 4 Parish Vision Statement ......................................................................................................................................... 5 Membership of the PCC ......................................................................................................................................... 6 Sub-committees of the PCC ................................................................................................................................... 7 PCC Review ............................................................................................................................................................ 7 Public Benefit & Events .......................................................................................................................................... 8 Health and Safety/Buildings ................................................................................................................................... 9 The Highlands Hub ................................................................................................................................................. 9 St Columba Church Development Project .............................................................................................................. 9 Safeguarding Policy................................................................................................................................................ 9 Stewardship......................................................................................................................................................... 10 Financial Review .................................................................................................................................................. 10 Investment Policy ................................................................................................................................................ 10 Reserve Policy...................................................................................................................................................... 11 Statement of Trustees’ Responsibilities ............................................................................................................... 11 Independent Examiner’s Report........................................................................................................................... 12 Statement of Financial Activities .......................................................................................................................... 13 Balance Sheet ...................................................................................................................................................... 14 Statement of Cash Flows...................................................................................................................................... 15 Notes to the Financial Statements ....................................................................................................................... 16 2 Charity No.1135129 Annual Report year end 31 December 2021 for Holy Trinity with St. Columba PCC ## **Statutory Information** **----- Start of picture text -----**
||| |---|---| |Rector ..................................................................................................................................... Vacancy| |Mission Priest The Reverend Greg Bakker| |Curate|The Reverend Wendy May Jacobs| |Correspondence Address ............................................................................... Holy Trinity Parish Office| |West Street| |Fareham| |Hampshire| |PO16 0EL| |Parish Office Telephone Number ................................................................................ (01329) 232688| |Charity Registration Number ................................................................................................... 1135129| |Main Bankers .............................................................................................................. Lloyds Bank Plc.| |43 West Street| |Fareham| |PO16 0BE| |Solicitors .......................................................................................................................... Brutton & Co.| |228 West Street| |Fareham| |PO16 0AJ| |Architects .......... Jane Jones-Warner RIBA SCA AABC IHBC| |Jane Jones-Warner Associates| |Unit 78, Chichester Enterprise Centre| |Terminus Road| |Chichester| |West Sussex| |PO19 8TX| |Independent Examiner ...... Nigel Smith, BSc (Econ), CPFA| |2 Dover Close| |Fareham| |Hampshire| |PO14 3SU| |Insurer ............................................................................................ Ecclesiastical Insurance Office Plc.| |Beaufort House| |Brunswick Road| |Gloucester| |GL1 1LF| **----- End of picture text -----**
3 Charity No.1135129 Annual Report year end 31 December 2021 for Holy Trinity with St. Columba PCC ## **The Parish and the Parochial Church Council** The parish of Holy Trinity with St Columba is a Team Ministry with two churches, Holy Trinity on West Street in Fareham town centre and St Columba on Hillson Drive in the suburban North West of Fareham. The Parish of approx. 19,200 people is managed by one Parochial Church Council (PCC) comprising members from both churches. The PCC has the responsibility of cooperating with the Clergy Team in achieving our Mission of “ _practising our faith together by reaching out, sharing what we have and partnering with others for the common good”._ The Parish Values, Vision and Mission statement continue to inform PCC decision-making and are illustrated below. Our Rector, the Reverend Sally Davenport, retired in Easter 2021 after serving with us for ten years. There is currently a vacancy for this position. Our Mission Priest (0.5) Reverend Greg Bakker was licensed in January 2019. Reverend Wendy May Jacobs began her curacy in the parish in September 2018 and was ordained as priest twelve months later. She is due to leave us during 2022.. The Covid-19 pandemic presented further challenges this year. Our team of Clergy and churchwardens were resourceful and giving, ensuring that our church life and mission to the communities we serve, continued to be nurtured during these difficult times. We extend our thanks to retired (PTO) clergy: the Reverend Ann Burr and the Reverend Ruth Jagger for their ministry among us during 2021. We also thank our PTO Reader, David Inns Allen Cole continues to play the organ at St Columba . Since Gordon Uphill moved Ruth Jagger has covered the role at Holy Trinity with help from Allen Cole, Peter Hallam and Adam Wallis. It is hoped to appoint a new organist in 2022. Sue and Pete Hall led informal band-led worship with instrumentalists and singers in both our churches throughout the year. With the support of Sheila Holliday, the more formal choir was re-established at Holy Trinity during 2021. The PCC has two associated trusts, the Holy Trinity Parish Hall Trust, which is responsible for the upkeep of the Holy Trinity Church Hall, and the Helen Butter Waddell-Boyd Trust, administering a bequest. There is one charity, the Le Blanc Charity (257280), which provides a small income for the use of the PCC. The PCC is a corporate body established by the Church of England, operating under the Parochial Church Council (Powers) Measure 1956 and registered with the Charity Number 1135129. The Team Ministry was inaugurated by Order in Council on 23[rd] June 1971. In July 2020 the Parish affiliated with the Inclusive Church Network (https://www.inclusive-church.org/). 4 Charity No.1135129 Annual Report year end 31 December 2021 for Holy Trinity with St. Columba PCC ## **Parish Vision Statement** The Parish Vision Statement has been extensively reviewed and recently adopted by the PCC and is: 5 Charity No.1135129 Annual Report year end 31 December 2021 for Holy Trinity with St. Columba PCC ## **Membership of the PCC** Members of the congregation who are on the Church Electoral Roll are eligible to stand for election to the PCC. Elections to the PCC are conducted at the APCM in accordance with the Church Representation Rules. Each member stands for a term of three years and can stand for up to two consecutive terms. List of PCC elected members at APCM on 25[th] April 2021. |**Name**|**Date elected for**|**Current term**|**Date for**| |---|---|---|---| ||**current term**||**re-election/retirement**| |Daphne Armstrong (HT)|2020|2nd|2023| |Al Tottle (HT)|2019|1st|2022| |Sue Hall (HT)|2019|2nd|2022 (retirement)| |Jules Docherty (HT)|2019|2nd|2022 (retirement)| |Sarah Bourner (HT)|2021|2nd|2024| |Karen Churchill (HT)|2021|2nd|2024| |Sheila Holliday (HT)|2021|2nd|2024| |Margaret Handley (St C)|2019|2nd|2022 (retirement)| |Rowena Palmer (St C)|2020|1st|2023| |Charlotte Farrell (St C)|2021|1st|2024| |Abi Handley (St C)|2021|2nd|2024| |Ian Brewerton (St C)|2021|1st|2024| |Rosemary Brewerton (St C)|2021|1st|2024| |Vacancy (St C)|||| Other members of the PCC during 2021 were present by virtue of their official role: **Name Role** Vacancy Team Rector/ Priest-in Charge Rev. Greg Bakker Mission Priest (0.5) Rev. Wendy May Jacobs Assistant Curate David Inns Lay Reader Judi Bushell Church Warden Holy Trinity Clive Ellam Church Warden Holy Trinity Jim Palmer Church Warden St Columba Jane Whiteley Church Warden St Columba Sue Craft Deanery Synod Rep (re-elected 18 Oct 2020) Lucy Docherty Deanery Synod Rep (elected 18 Oct 2020) and Diocesan & General Synods Alison Jacobs Deanery Synod Rep (re-elected 18 Oct 2020) Mark Coundley Deanery Synod Rep (elected 18 Oct 2020) and Diocesan Synod Others were co-opted onto the PCC after the 2021 APCM, by virtue of their honorary roles: Name Role Sue Marshall Treasurer Alison Jacobs Joint-PCC Secretary Sue Craft Joint-PCC Secretary 6 Charity No.1135129 Annual Report year end 31 December 2021 for Holy Trinity with St. Columba PCC ## **Sub-committees of the PCC** The PCC, as a decision-making body, operates through the following committees. Reports from the meetings of committees are given to PCC members for information, comment and questions. In this way the PCC monitors and approves much of the work carried out on its behalf, by the sub-committees. Whilst the PCC has the power to overrule a committee, in practice it seldom does. ## **Joint Standing and Finance & General Purposes Committee** The Standing Committee is the only committee which is required by law. It has the power to transact the business of the PCC between its meetings, subject to any directions given by the Council. The Finance & General Purposes Committee, which had met separately in the past, was amalgamated with the Standing Committee during 2020. This joint committee therefore also oversaw the general financial affairs of the two churches in the parish by monitoring income and expenditure and preparing an annual budget. It also took responsibility for the stewardship of parish resources, including all parish properties (buildings and equipment). ## **Holy Trinity Church Committee (HTCC)** This committee is responsible for worship and church life, education, mission and outreach and Christian Unity within the church of Holy Trinity. ## **St Columba Church Committee (SCCC)** This committee is responsible for worship and church life, education, mission and outreach and Christian Unity within the church of St Columba. ## **Vacancy Committee** A small group have met regularly since the retirement of the Rector. Often on a weekly basis, the clergy team (paid and non-stipendiary) and church wardens have handled the day-to-day management decision-making, to ensure the smooth running of the Parish during this period of vacancy. ## **The St Columba Development Steering Group** This committee oversees the St Columba development project. ## **PCC Review** The PCC held seven meetings during 2021, most of which were conducted online due to the continuing Covid precautions. At every meeting members were asked to declare any interest in agenda items and reports were always given on issues relating to health & safety and the safeguarding of children and vulnerable adults. A summary of the main items discussed at PCC meetings during 2021 is given below. The Parish Vision, Mission and Values were reviewed & revised. 1 Feb A Covid Emergency Fund was created The process to replace Holy Trinity church roof was begun Online celebrations of Easter were agreed Deanery reorganisation and collaboration between neighbouring parishes discussed. Reflections on lessons from lockdown were shared 1 Mar Parish Policies were revised and agreed Parish Vision, Mission and Values were formally adopted 2020 Final Accounts were adopted 24 Mar Preparation for APCM done Vacancy group created to work on Parish Profile Treasurer, PCC Sec and PCC Vice-Chair were appointed. 18 May Defibrillator moved from The Hub to St Columba Church Live streaming of services was reviewed Review of pattern of services was begun 30 Jun Discussion around donations/charging for funeral filming Resumption of St Columba Friendship Group 7 Charity No.1135129 Annual Report year end 31 December 2021 for Holy Trinity with St. Columba PCC Vacancy planning and recruitment process continued 14 Sept Results of Survey on changes to Service pattern discussed in depth Advent & Christmas planning Review of Congregational meeting to discuss service patterns 24 Nov Open Table hosting agreed Recruitment process for Holy Trinity organist/choir leader begun ## **Public Benefit & Events** Lockdowns and other restrictions continued during 2021. Government guidelines for hygiene, social distancing and risks assessments were followed at all times. Details of services in the Parish that took place for the benefit of specific members of the public in 2021 are below: 2021 2020 Baptisms 11 6 (pre lockdown) Weddings 7 2 (pre-lockdown) Funerals 18 church 12 church 38 crematorium/burial 38 crematorium/burial 4 interment of ashes 2 interment of ashes During lockdowns, Sunday services were live streamed through Zoom and available to view via social media. A phone line which had been set up to enable those without the internet, to access readings and sermons, was discontinued in April 2021 when in-person services resumed. The Wednesday Little Fishes, specifically for families with young children, continued online via Facebook. Messy Church was also held online several times during the year with craft materials being hand-delivered to households beforehand. The monthly Praise Makers service were held on Sunday afternoons in church or via Zoom when regulations required. Weekly Morning Prayer and a fortnightly Evensong continued on Zoom during 2021 until April, when in-person services resumed and no one logged into these online options any more. When regulations allowed, both churches were open to the public on Saturday mornings, thanks to the support of volunteers from our congregations. At both Holy Trinity and St. Columba, the halls and churches are available to all and regularly used by a wide crosssection of the community including a weekly Lunch Club for the elderly, children’s Uniformed Groups, Little Fishes/Messy Church and the Friendship group. Both halls and churches are available for private hire. The Holy Trinity hall kitchen was re-furbished and should increase hire potential. Clergy continued to make connections with local schools. For most of the year this took the form of weekly videos, along with additional input for festivals. From May clergy were able to take some assemblies at St Columba Primary in person and a small group of parishioners including our community worker resumed listening to young readers. During the year a school family suffered a catastrophic fire in their home. St Columba congregation collected over £1500 to help them as they recovered. Christmas hampers were again offered to the most vulnerable families and were received with great delight. In November the annual Civic Remembrance Service was attended by the Mayor and representatives of the armed forces who laid their poppy wreaths around the civic memorial. The annual in-person All Souls service for those in the community bereaved during the year, and previously, resumed in 2021. 8 Charity No.1135129 Annual Report year end 31 December 2021 for Holy Trinity with St. Columba PCC ## **Health and Safety/Buildings** We continued to adapt our approach to the pandemic during 2021. We responded to the government guidance as and when it changed erring on the side of caution at all times. We have kept the church open for services and private prayer when we were able too and have transmitted services on line for those members of the congregation wary about venturing out. We will continue to review all aspects of H&S that effect our church life including changes required as we move out of the pandemic ## **The Highlands Hub** The COVID 19 pandemic forced closure of the Hub on 18 March 2020. The building has remained secure and is regularly checked. Preparations are ongoing to return the building to the landlord when the current lease terminates in March 2022. The 2022 costs are for rent and other building costs only. ## **St Columba Church Development Project** Having paused the development during the pandemic, the PCC agreed towards the end of 2021 to restart Phase 2 of the Development Project at St Columba. This involves changing the back of the church and vestry space to incorporate toilets, a kitchen, a meeting space, a vestry and storage. It also involves looking at the heating for the whole building, the roof and overall decoration. The St Columba Development Group met in late 2021 and liaised with the Church architect to devise a draft plan for the space. In February 2022 the committee also met with the DAC (Diocesan Advisory Committee) to seek their advice on the proposals. The DAC gave some useful advice which the committee are now investigating before putting together final plans for review and consideration. ## **Safeguarding Policy** The Parish of Holy Trinity with St Columba is committed to the safeguarding, care and nurture of children and vulnerable adults so that all may be able to worship and pursue their faith journey with encouragement and in safety. We are also committed to the implementation of the Diocese of Portsmouth Safeguarding Policy and Procedures and the relevant legislation and guidance for the welfare of children, young people and vulnerable adults. Every year the PCC agrees the Safeguarding of Children and Vulnerable Adults Policy Statement which is displayed in both the Holy Trinity and St Columba churches. Also displayed are the details of the Safeguarding Officer for the two churches and the Parish. The Safeguarding Officer undertakes the implementation of the safeguarding activities in the Parish, as outlined in the Diocesan Safeguarding Handbook. The overall responsibility for Safeguarding lies with the Incumbents and the PCC and Safeguarding remains a main agenda item at every PCC meeting. The Safeguarding Officer ensures that all those who undertake work in a regulated activity with children or vulnerable adults in the parish, on a voluntary or paid basis, comply with safeguarding procedures. They also ensure that children’s, young persons’ or mixed-age activities which fall under the Diocesan Safeguarding Procedures are endorsed by the PCC and that compliance with procedures is maintained. Records are maintained on Disclosure & Barring Service checks and safeguarding training. Safeguarding allegations are brought to the attention of the Diocesan Safeguarding Advisor and managed in accordance with the Diocesan Safeguarding policy. Like 2020, 2021 continued to be unusual year for Parish as for many organisations due to the COVID pandemic, however, we were able to restart more services and also our children centred activities. Our Safeguarding Officer has worked with the Little Fishes Leader to ensure that all volunteers had up-to-date DBS checks and safeguarding 9 Charity No.1135129 Annual Report year end 31 December 2021 for Holy Trinity with St. Columba PCC training prior to the recommencement of children’s activities such as Little Fishes. During 2021, our Community Connections Officer made one referral to Hampshire County Council’s Adult Social Services Department relating to a health & well being referred. This was also referred to the Diocesan Safeguarding Advisor for information. There have been no other safeguarding concerns that have required referral to the appropriate statutory authorities. ## **Stewardship** The Stewardship Committee did not meet in 2021- following the move away from the parish of the Committee chair and stewardship coordinator, Gordon Uphill, it was proposed at the PCC meeting on 2.12.20 to subsume the role of the Committee into PCC meetings. With the continuing effects of Covid lockdowns and reduced services no stewardship campaign was initiated during the year. We continue to recognise the financial difficulties some will have faced in maintaining their stewardship in 2021 give thanks to everyone who has continued with their regular giving through the Parish Giving Scheme, standing orders or weekly envelopes. Moreover we give thanks to all those who responded to the specific needs of the year either by increasing their regular pledge giving or by one off donations. In addition there has again been generous support to appeals for food hampers for families at St Columba Academy which was much appreciated and needed by the families concerned and to the Covid Appeal. ## **Financial Review** General fund: We began the year expecting to be incurring a deficit of about £10,700 in the General Fund by the end of the year but actually acheived a surplus of £3,800. Income was only slightly below expected despite the pandemic as the majority of givers pay monthly and continued doing so. The lost income was partly made up for by generous one off donations and fees from weddings. Car Park income was considerably lower than budget as it is calculated as a proportion of the fees from the rear car park in the previous year. There was very little parking income in 2020 so the Parish receives less. In 2021, expenditure was under budget by £18,341 mainly due to the expected expenditure on maintenance at St Columba not being completed during the year and due to reduced costs of limited services and vacancies. The Holy Trinity Hall made a deficit during the year amounting to £3,571 (2020 – deficit of £5,175) with many hires being cancelled due to Covid 19. It is hoped that 2022 will bring increased income with the newly refurbished kitchen. The St Columba Hall made a surplus of £835 during 2021 (deficit of £783 in 2020). The Hub incurred property costs of £16,825 during the year, mainly rent, and the deficit of £11,473 will be funded from the Dr Collins memorial fund as agreed by the PCC. There will be a further £3,750 rent due before the lease ends in March 22. The PCC would like to thank the generosity of the Parish and community who have made donations during the year. ## **Investment Policy** The PCC has in place the following investment policy. - Investments are regularly reviewed at F&GP meetings with any proposed changes to be brought to the next PCC meeting for approval. - Identify poorly performing investment and consider alternative investments to increase yield where possible. - − Identify funds which could be put into fixed term or limited access accounts to earn higher interest rates. - Investments to be made with consideration of the Church of England’s Ethical Investment Advisory Group’s guidelines. 10 Charity No.1135129 Annual Report year end 31 December 2021 for Holy Trinity with St. Columba PCC ## **Reserve Policy** It is the policy of the PCC to hold in freely accessible reserves (cash and debtors less current liabilities) for the general fund and any operating restricted reserve (see below) an equivalent of at least four months of expenditure. It is also the policy of the PCC that where funds become insolvent at the year end, and the budget indicates that those funds will not recover within a year, a transfer from the General fund will be made. If the General fund is insolvent, transfers will be made proportionally from all the designated funds. The funds covered by this reserve policy and their current level of reserves are as follows: ||Required in|In reserves|In excess of/| |---|---|---|---| |Fund|reserves|as at 2021|(short by)| ||£|£|£| |General Fund|48,127|25,775|(22,352)| |Highlands hub (restricted)|5,608|(11,473)|(17,080)| |Messy Church (restricted)|255|2,161|1,906| |HT Hall (restricted)|2,612|7,845|5,233| |SC Hall (restricted)|1,009|12,767|11,758| (The Hub deficit to be funded from M Collins fund) ## **Statement of Trustees’ Responsibilities** The trustees are responsible for preparing the Annual Report and the Financial Statements in accordance with the applicable law and United Kingdom Generally Accepted Accounting Practice. Charity law requires the trustees to prepare finance statements for each financial year that give a true and fair view of the state of the affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: - Select suitable accounting policies and then apply them consistently; - Observe the methods and principles of the Charity SORP; - Make judgements and estimates on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. 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. 11 Charity No.1135129 Annual Report year end 31 December 2021 for Holy Trinity with St. Columba PCC ## **Independent Examiner’s Report** ## **To the members of the Holy Trinity with St. Columba Parochial Church Council** I report on the accounts of the PCC for the year ended 31 December 2021, which are set out on pages 13 to 30. ## **Respective responsibilities of the PCC and the examiner** The members of the PCC are responsible for the preparation of the accounts who consider for this financial year an audit is not required under section 144 of the Charities Act 2011 (the 2011 Act) or the Church Accounting Regulations 2006 (the Regulations) and that instead, an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Charities Act; - to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Charities Act; and - to state whether particular matters have come to my attention. ## **Basis of independent examiner’s report** My examination was carried out in accordance with the General Directions given by the Charity Commission and the Church guidance, 2006 edition. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. ## **Independent examiner’s statement** In connection with my examination, no matter has come to my attention: 1. which gives me reasonable cause to believe that, in any material respect, the requirements: − to keep accounting records in accordance with section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities Act and the Church Accounting Regulations - have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Nigel Smith, BSc (Econ), CPFA 2 Dover Close Fareham Hampshire PO14 3SU Date: 11 April 2022 12 Charity No.1135129 Annual Report year end 31 December 2021 for Holy Trinity with St. Columba PCC ## **Statement of Financial Activities For the year ended 31[st] December 2021** |Notes
**Incoming and endowments from:**
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Investment income
5
Other income
6
**Total income**
**Expenditure on:**
Raising funds
7
Charitable activities
8
Other
10
**Total expenditure**
Net gains/(losses) on investments
**Net income/(expenditure)**
**Transfers between funds**
Gross transfers between funds – in
Gross transfers between funds - out
**Net movement in funds**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**2021**
**2020**
Unrestricted
Funds
Designated
Funds
Restricted
Funds
Endowment
Funds
**Total**
**Funds**
**Total**
**Funds**
£
£
£
£
**£**
**£**
130,850
70
6,233
–
137,153
161,381
5,332
2,121
-
–
7,453
2,914
167
3
7,883
–
8,053
8,257
1,761
12,523
5,607
8,060
27,951
28,954
5,139
833
6,690
628
13,290
26,370| |---|---| ||**143,249**
**15,550**
**26,413**
**8,688**
**193,900**
**227,876**
56
-
177
-
233
1,053
125,661
8,774
37,719
243
172,397
209,301
18,664
3,458
6,232
5,396
33,750 42,407| ||**144,381**
**12,232**
**44,128**
**5,639**
**206,380**
**252,761**
4,931
67,877
18,576
29,013
120,397
73,551| ||**3,799**
**71,195**
**861**
**32,062**
**107,917**
**48,666**

1
-
2,375
-
2,376
-
-
(2,001)
(375)
-
(2,376)
-| ||**3,800**
**69,194**
**2861**
**32,062**
**107,917**
**48,666**| ||**60,440**
**546,251**
**894,757**
**262,554 1,764,002 1,715,336**| ||**64,240**
**615,445**
**897,618**
**294,616 1,871,919 1,764,002**| 13 Charity No.1135129 Annual Report year end 31 December 2021 for Holy Trinity with St. Columba PCC ## **Balance Sheet As at 31[st] December 2021** |Notes
**Fixed assets**
Tangible assets
16
Investments
17
**Current assets**
Stocks
18
Debtors
19
Cash at bank and in hand
20
**Liabilities**
Creditors: amounts due in one year
21
**Net current assets**
**Total assets less liabilities**
**The funds of the Parish**
General fund
24a
Designated funds
24b
Restricted funds
24c
Endowment funds
24d
**Total funds of the Parish**|
40
5,574
245,054
**250,668**
27,084|**2021**
**Total**
**Funds**
**£**
626,510
1,021,825
**1,648,335**
**223,584**
**1,871,919**
64,240
615,445
897,618
294,616
**1,871,919**|80
7,313
251,686
**259,079**
16,956|**2020**
**Total**
**Funds**
**£**
633,133
888,746| |---|---|---|---|---| |||||**1,521,879**
**242,123**| |||||**1,764,002**| |||||60,440
546,251
894,757
262,554| |||||**1,764,002**| 14 Charity No.1135129 Annual Report year end 31 December 2021 for Holy Trinity with St. Columba PCC ## **Statement of Cash Flows For the year ended 31[st] December 2021** |Notes
**Cash flows from operating activities**
**Net cash provided by operating activities**
22
**Cash flows from investing activities**
Dividends, interest and rents from investments
Less dividends re-invested
Proceeds from the sale of property, plant and equipment
Purchase of property, plant and equipment
Proceeds from the sale of investments
Purchase of investments
**Net cash provided by investing activities**
**Cash flows from financing activities**
Repayments of borrowing
Cash inflows from new borrowing
Receipt of endowment
**Net cash provided by financing activities**
**Change in cash and cash equivalents in the reporting period**
**Cash and Cash equivalents at the beginning of the reporting**
**period**
**Cash and cash equivalents at the end of the reporting period**
23|**2021**
**Total**
**Funds**
**£**
(21,901)
27,951
(12,682)
–
-
-
-
15,269
–
–
–
–
(6,632)
251,686
245,054|**2020**
**Total**
**Funds**
**£**
(48,506)| |---|---|---| |||28,954
(13,047)
–
(31,215)
-
-| |||(15,308)| |||–
–
–| |||–| |||(63,814)
315,500| |||251,686| 15 Charity No.1135129 Annual Report year end 31 December 2021 for Holy Trinity with St. Columba PCC ## **Notes to the Financial Statements For the year ended 31[st] December 2021** ## 1 **Accounting Policies** ## **Basis of preparing the accounts** The financial statements have been prepared under the Charities Act 2011 in accordance with all applicable accounting standards as modified by the Church Accounting Regulations 2006 and the Statement of Recommended Practice for Accounting and Reporting SORP FRS 102 Second Edition (effective 1st January 2019) issued by the Charity Commissioners for England & Wales. The particular accounting policies adopted are set out below. ## **Accounting convention** The financial statements have been prepared on an accruals basis under the historical cost convention as modified for the revaluation of property and investments assets. The financial statements include all transactions, 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 to another body, nor those that are informal gatherings of church members. ## **Recognition of Income** Income from donations, Gift Aid claims, dividends and hall hiring are recognised in the year that they relate to. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Pledged giving, loose plate collections and interest are recognised when received. All incoming resources are accounted for gross and are shown separately from any direct expenditure incurred. ## **Recognition of expenditure** Expenses are recognised in the year that they relate to. The cost of raising funds, charitable activities and other costs are detailed in the notes to the accounts. Each year the PCC aims to make grants and donations (Parish Giving) based on a percentage of pledge income received, further details are given in note 9 of the accounts. VAT on expenditure is irrecoverable and as such all expenditure within the financial statements are shown at the gross amount. Where VAT can be reclaimed as part of the Listed Places of Worship Grant scheme, the expenditure is still shown as gross with the income from the grant being recognised as income upon receipt. ## **Recognition of liabilities** Liabilities are recognised on the accruals basis in accordance with normal accounting principles, modified where necessary in accordance with the guidance given in the SORP. ## **Fund Structure** Unrestricted funds are general funds, which can be used by the PCC for ordinary purposes. Designated funds are those initially received as unrestricted funds but are designated by the PCC for specific purposes. Details of designated funds are given in note 24 to the accounts. Restricted funds represent income from specific activities and trusts which are only to be spent in accordance with the stipulations set out at the time of the donation. Any balance remaining unspent at the end of each year is carried forward to be used in future years. The endowment funds relate to the Helen Butter Waddell-Boyd Will Trust. The capital must be maintained and only the income gained from investing the endowment may be spent in accordance with the stipulations of the trust. 16 Charity No.1135129 Annual Report year end 31 December 2021 for Holy Trinity with St. Columba PCC ## **Notes to the Financial Statements** ## **For the year ended 31[st] December 2021** _**(continued)**_ ## **1 Accounting Policies** _**(continued)**_ ## **Fixed assets** Fixed assets are depreciated over their estimated useful economic lifetime. Where this is unknown or is difficult to determine, the default policy under Equipment, Fixture and Fittings are used. The following deprecation policies were used during the year: Equipment, Fixture and Fittings 20% straight line (over 05 years) Organs 10% straight line (over 10 years) Solar Panels 04% straight line (over 25 years) Consecrated and beneficed property is excluded from the accounts under section 10(2) to (4) of the Charities Act 2011. Moveable church furnishings held by the Rector and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the church’s Inventory, which can be inspected (at any reasonable time). For inalienable property acquired before 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Items acquired since 1st January 2000 have been capitalised and depreciated in the accounts over their estimated useful economic lifetime on a straight-line basis. All expenditure incurred during the year on consecrated or beneficed buildings, individual items under £1,000 or on the repair of movable church furnishings acquired before 1st January 2000 are written off. ## **Fixed asset investments** Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently revalued at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on these revaluation and disposals throughout the year. The PCC does not acquire put options, derivatives or other complex financial instruments. The main form of financial risk faced by the PCC is that of volatility in equity markets and investment markets. ## **Stock** Stock is valued at the lower of cost or net realisable value. Stock counts are taken at least annually on or as close to 31[st] December as practically possible. The remaining stock at the Highland Hub has now been written off in the accounts following closure. 17 Charity No.1135129 Annual Report year end 31 December 2021 for Holy Trinity with St. Columba PCC ## **Notes to the Financial Statements** ## **For the year ended 31[st] December 2021** _**(continued**_ **)** ## **2 Analysis of income from donations and legacies** |Gift Aided pledged giving
Gift Aid recovered on pledged giving
Non-gift Aided pledged giving
Loose plate
General donations
Donated goods and services
Gift aid recovered on donations
Specific donations
Legacies received
Grants received
**Total donations and legacies**|Unrestricted
Funds
£
Designated
Funds
£
Restricted
Funds
£
Endowment
Funds
£
**2021**
**Total**
**Funds**
**£**
**2020**
**Total**
**Funds**
**£**
85,824
-
-
-
85,824
90,631

24,005
-
-
-
24,005
22,658
8,593
-
-
-
8,593
8,216
3,493
-
-
-
3,493
3,166
5,989
-
64
-
6,053
9,944
-
-
-
-
-
-
1,292
-
343
-
1,635
565
1,654
70
1,814
-
3,538
8,269
-
-
-
-
-
-
-
–
4,012
–
4,012
17,932| |---|---| ||**130,850**
**70**
**6,233**
–
**137,153**
**161,381**| ## **3 Analysis of income from charitable activities** |Donations for use of church
Parish events
Friendship Group
PCC Fees
**Total income from charitable**
**activities**|Unrestricted
Funds
£
Designated
Funds
£
Restricted
Funds
£
Endowment
Funds
£
**2021**
**Total**
**Funds**
**£**
**2020**
**Total**
**Funds**
**£**
540
–
–
–
540
275
-
–
-
–
-
-
-
4,792
2,121
–
-
-
-
–
2,121
4,792
625
2,014| |---|---| ||**5,332**
**2,121**
**-**
–
**7,453**
**2,914**| ## **4 Analysis of income from other trading activities** |Fair trade income
HT Hall letting income
SC Hall letting income
Hub letting Income
Fairs and fund raising
Magazine income
Sale of cards and books
Hub cafe sales
Other Hub sales
Card costs on sales
**Total other trading activities**|Unrestricted
Funds
£
Designated
Funds
£
Restricted
Funds
£
Endowment
Funds
£
**2021**
**Total**
**Funds**
**£**
**2020**
**Total**
**Funds**
**£**
58
–
–
–
58
171
-
–
3,543
–
3,543
2,087
–
–
3,504
–
3,504
1,273
–
–
-
–
-
1,311
131
-
-
3
-
-
836
-
-
–
-
-
970
-
-
135
-
80
-
–
-
–
-
1,859
–
(22)
–
-
-
-
–
-
-
(22)
1,381
(40)| |---|---| ||**167**
**3**
**7,883**
**–**
**8,053**
**8,257**| 18 Charity No.1135129 Annual Report year end 31 December 2021 for Holy Trinity with St. Columba PCC ## **Notes to the Financial Statements** ## **For the year ended 31[st] December 2021** _**(continued**_ **)** ## **5 Analysis of investment income** |**Investment income**
Dividends received
Interest received
**Total investment income**|Unrestricted
Funds
£
Designated
Funds
£
Restricted
Funds
£
Endowment
Funds
£
**2021**
**Total**
**Funds**
**£**
**2020**
**Total**
**Funds**
**£**
984
6,543
5,155
1,716
14,398
20,821
777
5,980
452
6,344
13,553
8,133| |---|---| ||**1,761**
**12,523**
**5,607**
**8,060**
**27,951**
**28,954**| ## **6 Analysis of other income** |**Other income**
Car park and ground rents
JRS (Furlough) Grant
Other incoming resources
**Total other income**|Unrestricted
Funds
£
Designate
d Funds
£
Restricted
Funds
£
Endowment
Funds
£
**2021**
**Total**
**Funds**
**£**
**2020**
**Total**
**Funds**
**£**
1,625
3,080
-
833
–
2,199
–
628
1,625
6,740
10,632
15,000
434
–
4,491
-
4,925
738| |---|---| ||**5,139**
**833**
**6,690**
**628**
**13,290**
**26,370**| ## **7 Analysis of expenditure on raising funds** |Stewardship expenses
Cards for resale
Hub cafe purchases
Catering and refreshment
expenses
Fairs and fundraising
expenses
Fair Trade expenditure
**Total raising funds**|Unrestricted
Funds
£
Designated
Funds
£
Restricted
Funds
£
Endowment
Funds
£
**2021**
**Total**
**Funds**
**£**
**2020**
**Total**
**Funds**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
690
-
-
177
-
177
146
-
-
-
-
-
-
56
-
-
-
56
217| |---|---| ||**56**
**-**
**177**
**-**
**233**
**1,053**| 19 Charity No.1135129 Annual Report year end 31 December 2021 for Holy Trinity with St. Columba PCC ## **Notes to the Financial Statements** ## **For the year ended 31[st] December 2021** _**(continued)**_ ## **8 Analysis of expenditure on charitable activities** |Parish event expenses
Parish giving – Overseas
Parish giving - National Agencies
Parish giving - Local Charities
Special collections paid
Parish & Deanery share
Clergy travel costs
Clergy telephones
Clergy post and stationery
Clergy books and publications
Clergy hospitality
Clergy miscellaneous costs
Altar requisites
Church flowers
Training, education and books
Friendship Group
Messy Church & Little Fishes exp
Childrens Work Exps
Sundry general donations
HT organist and choir
SC organist and choir
Depreciation
HT Heat, light and water
HT Insurance
HT Repairs
HT Miscellaneous
HT Upkeep of grounds
SC Heat, light and water
SC Insurance
SC Repairs
SC Miscellaneous
SC Upkeep of grounds
HT Hall Heat, light and water
HT Hall Insurance
HT Hall Repairs
HT Hall Cleaning
HT Hall Sundries
SC Hall Insurance
SC Hall Repairs
SC Hall Cleaning
SC Hall Sundries
Hub Rent
Hub Light, heat & water
Hub Insurance
Hub Repairs & maintenance
Hub Equipment
Hub Cleaning
Hub Sundries
**Total expenditure on charitable**
**activities**|Unrestricted
Funds
£
Designated
Funds
£
Restricted
Funds
£
Endowment
Funds
£
**2021**
**Total**
**Funds**
**£**
**2020**
**Total**
**Funds**
**£**
41
-
-
–
41
-
2,360
–
–
–
2,360
2,471
2,360
–
–
–
2,360
2,471
2,360
–
–
–
2,360
2,471
-
–
-
–
-
530
100,473
–
–
–
100,473
105,099
751
–
–
133
884
898
657
142
–
110
909
1,181
30
–
-
-
30
575
162
–
-
-
162
51
25
-
68
–
93
40
113
–
106
-
219
1,034
520
-
45
-
565
405
-
–
528
-
528
252
100
-
144
-
244
545
-
1,037
-
-
1,037
1,214
-
-
1,048
-
1,048
759
-
–
529
–
529
1,197
200
-
-
-
200
37
210
295
-
-
505
1,012
1,598
-
-
-
1,598
1,595
-
-
6,623
-
6,623
4,542
2,461
–
–
–
2,461
2,520
1,825
–
–
–
1,825
1,822
305
-
–
-
305
1,082
1,575
137
304
–
2,016
2,257
510
–
–
–
510
60
1,172
–
-
–
1,172
2,026
612
–
–
–
612
610
1,685
-
–
–
1,685
34,406
480
6,097
104
–
6,681
3,749
1,080
–
–
–
1,080
680
-
-
804
–
804
2,545
–
–
1,825
–
1,825
1,822
–
1,066
1,044
–
2,110
221
1,502
–
4,761
–
6,263
4,902
–
-
18
–
18
446
–
–
1,224
–
1,224
1,220
–
–
132
–
132
-
494
–
1,556
–
2,050
1,878
–
–
31
–
31
-
–
–
15,000
–
15,000
15,000
–
–
407
–
407
932
–
–
1,271
–
1,271
1,462
–
–
147
–
147
126
–
–
-
–
-
389
–
–
-
–
-
559
–
–
-
–
-
208| |---|---| ||**125,661**
**8,774**
**37,719**
**243**
**172,397**
**209,301**| 20 Charity No.1135129 Annual Report year end 31 December 2021 for Holy Trinity with St. Columba PCC ## **Notes to the Financial Statements** **For the year ended 31[st] December 2021** _**(continued)**_ ## **9 Analysis of grants and donations payable by the PCC** Each year, the PCC aims to make grants and donations to other charities equal to approximately 7½% of the pledge income received during the year. Additionally, special collections are held during the year for various charities at weddings, funerals, baptisms, and other special services. These special collections are not recognised as income and are instead held on the balance sheet as a liability until such time as they are paid. At the APCM in 2018 the decision was made the support 6 charities for 2 years through our Parish Giving and to develop stronger links. The choices of charities were selected from the suggestions of the congregation. |**2021**
**£**
Refugee Matters
Moving On Project
Corrymeela Community
Alabaré
Jeel Al-Amal Boys Home and Co-Ed School
International Justice Mission
1,180
1,180
1,180
1,180
1,180
1,180
**Total**
**7,080**
n addition to the above, the following special collections were held during the year.
**2021**
**Special collections held during the year**
**£**
Basics Bank
Beirut Appeal
-
10
Bishop’s Lent Appeal
British Heart Foundation
-
-
Cancer Research
Christian Aid
-
-
Children’s Society
Covid 19 Emergency Fund
10
18,787
Crisis
Fire Fund
HIHCT
Hope into Action
570
2,720
212
273
Naomi House
33
MIND
-
Stroke Assoc
32
St John’s Ambulance
SCA school lunches/hampers
Two Saints
70
771
470
**Total collected for charities**
**23,958**||**2020**
**£**
1,236
1,235
1,236
1,235
1,236
1,235| |---|---|---| |||**7,413**| |||**2020**
**£**
45
396
195
31
69
10
-
-
148
-
-
-
-
30
-
-
3,516
89
**4,529**| |||| In addition to the above, the following special collections were held during the year. 21 Charity No.1135129 Annual Report year end 31 December 2021 for Holy Trinity with St. Columba PCC ## **Notes to the Financial Statements** ## **For the year ended 31[st] December 2021** _**(continued)**_ ## **10 Analysis of other costs** |**Other costs**
Subscriptions
Printing and stationery
Postage
Office Telephone
Salaries
Employer’s pension & NI
contribution
Repairs & renewals of equipment
Legal & professional fees
Bank charges and interest
Card charges
Sundry expenses
**Total other costs**|Unrestricted
Funds
£
Designated
Funds
£
Restricted
Funds
£
Endowment
Funds
£
**2021**
**Total**
**Funds**
**£**
**2020**
**Total**
**Funds**
**£**
1,973
–
-
–
1,973
2,080
2,291
–
-
-
2,291
1,505
394
–
–
-
394
206
599
–
–
–
599
727
12,584
3,458
4,984
5,319
26,345
35,721
139
–
-
7
146
494
-
-
-
-
-
111
262
–
1,156
–
1,418
1,006
99
16
-
-
84
1
70
-
253
17
281
-
307
–
7
-
314
276
| |---|---| ||**18,664**
**3,458**
**6,232**
**5,396**
**33,750**
**42,407**| ## **11 Surplus for the financial year** |The Surplus for the financial year is stated after charging:
Operating leases - rent
Depreciation of owned fixed assets
**taff costs and remunerations**
Gross Salaries
Employer’s National Insurance
Employer’s Pension Contributions
**Total**|**2021**
**£**
15,000
6,623
**2021**
**£**
35,597
-
134
**35,731**|**2020**
**£**
15,000
4,542
**2020**
**£**
42,920
163
315| |---|---|---| |||**43,398**| ## **12 Staff costs and remunerations** The average number of employees during the year was 7 (2020 – 8.2). The average number of full time equivalent employees during the year amounted to 1.7 (2020 – 2). During the year there were no employees (2020 – nil) with remunerations (full time or pro-rata) in excess of £60,000 per annum. The pension contributions are operated through NEST. 22 Charity No.1135129 Annual Report year end 31 December 2021 for Holy Trinity with St. Columba PCC ## **Notes to the Financial Statements** ## **For the year ended 31[st] December 2021** _**(continued)**_ ## **13 Trustees’ remunerations and expenses** No members of the PCC have received a remuneration either in the current year or the previous year. Various members of the PCC were reimbursed for sundry items that they purchased on behalf of the Parish, no unreceipted expenditure was paid to PCC members. ## **14 Operating Leases** At the year end, the PCC had annual commitments under non-cancellable operating leases as set out below: |Total minimum lease payments:
within one year
within two to five years
**Total**
The Highlands Hub lease ceases Mar 22|**2021**
**£**
3,750
-
**3,750**|**2020**
**£**
15,000
3,750| |---|---|---| |||**18,750**| |||| ## **15 Related party transactions** During the year total donations from all PCC members while in office amounted to £28,230 (2020 - £24,847). The Scout Group have sole use of the Scout Hut, a building owned by the PCC. During the year expenditure relating to insurance, repairs, and utilities paid for by the PCC were recharged totalling £924 (2020 - £916). The balance owed by the related party at the year end amounted to £176 (2020 –£32) Sally Davenport, Rector of Holy Trinity Church sat on the Board of Trustees for The William Price Charitable Trust until May 22. The Trust provides grants to the PCC, amongst other organisations, for the education of under 25s in furthering their Christian upbringing. During the year the PCC received £4,012 (2020- £4,195) from the Trust which was used to fund Messy Church and other children’s activities. 23 Charity No.1135129 Annual Report year end 31 December 2021 for Holy Trinity with St. Columba PCC ## **Notes to the Financial Statements** ## **For the year ended 31[st] December 2021** _**(continued)**_ ## **16 Fixed assets** |.
**Asset cost or valuation**
**amount**
At 1stJanuary 2021
Additions
Disposals
At 31stDecember 2021

**Accumulated**
**Depreciation**
At 1stJanuary 2021
Charge for the year
Eliminated on disposals
At 31stDecember 2021
**Net Book Value**
At 1stJanuary 2021
At 31stDecember 2021|Hall
Property
£
600,000
–
–
600,000
–
–
–
–
**600,000**
**600,000**|Solar
Panels
£
9,500
–
–
9,500

3,420
380
–
3,800
**6,080**
**5,700**|Fixtures
&
Fittings
£
39,814
-
-
39,814
39,814
-
-
39,814
**-**
**-**|HT
Kitchen
refurb
£
31,215
-

-

31,215
4,162
6,243
-

10,405

**27,053**

**20,810**|Total
£| |---|---|---|---|---|---| ||||||680,529| ||||||-
-| ||||||680,529| ||||||| ||||||47,395| ||||||6,623
-| ||||||54,018| ||||||| ||||||**633,133**| ||||||| ||||||**626,510**| Hall Property comprises of the Holy Trinity Parish Centre (including Scout Den) at a value of £500,000 and the St. Columba Church Hall at a value of £100,000. The original cost of these properties is unknown and has been revalued to a nominal value. As the PCC will not be selling either of these properties no impairment or further revaluations are considered necessary. 24 Charity No.1135129 Annual Report year end 31 December 2021 for Holy Trinity with St. Columba PCC ## **Notes to the Financial Statements** ## **For the year ended 31[st] December 2021** _**(continued)**_ ## **17 Fixed asset investments** |Unrestricted
Investments
Designated
Investments
Restricted
Investments
£
£
£
**Valuation**
Market value at 1stJanuary 2021
**32,747**
**464,514**
**154,626**
Additions at cost and dividends
reinvested
984
7,212

4,486
Carrying value of disposals
–
–
–
Net gains/(losses) on revaluation of
investments
4,931
67,877
18,576
**Market value at 31st December**
**2021**
**38,662**
**539,603**
**177,688**
Investments held in the UK
24,666
344,267
113,365
Investments held outside of the UK
13,996
195,336
64,323
**Total market value**
**38,662**
**539,603**
**177,688**|HBWB
Investments
£
**236,859**
-
-
29,013
**265,872**
183,145
82,727
**265,872**|Total
£| |---|---|---| |||**888,746**| |||12,682
-
120,397| |||**1,021,825**| |||665,443
356,382| |||**1,021,825**| Investments held outside of the UK relate to holdings in Iberdrola plc. and CBF investment funds which have partial overseas holdings to which the PCC have no overall control of their investment. **Note** : the closing balance in this table in 2020 was incorrect in the split between Designated and Restricted funds so the correct figures are showing in the opening balance in 2021. The total is the same. ## **18 Stock** |Fair trade stall
Hub stock
**Total**|**2021**
**£**
40
-
**40**|**2020**
**£**
80
-| |---|---|---| |||**80**| |**19 Debtors**
Gift Aid
Investment income due
Prepayments
Social security and other taxes
Other debtors
**Total**|**2021**
**£**
-
437
4,832
-
305
**5,574**|**2020**
**£**
-
973
4,529
-
1,811| |---|---|---| |||**7,313**| 25 Charity No.1135129 Annual Report year end 31 December 2021 for Holy Trinity with St. Columba PCC ## **Notes to the Financial Statements** ## **For the year ended 31[st] December 2021** _**(continued)**_ ## **20 Cash at bank and in hand** |Cash in hand
Current accounts
Deposit accounts
**Total**
**21 Creditors: amounts falling due within one year**
Trade creditors
Social security and other taxes
Special Collections creditor
Parish Giving creditor
Other creditors
**Total**||**2021**
**£**
845
94,391
149,818
**245,054**
**2021**
**£**
1,115
671
12,049
7,081
6,168
**27,084**||**2020**
**£**
339
77,964
173,383| |---|---|---|---|---| |||||**251,686**| |||||**2020**
**£**
834
654
402
7,413
7,653
**16,956**| ## **22 Reconciliation of net movement in funds to net cash flows from operating activities** |**Net movements in funds for the reporting period (as per the**
**statement of financial activities)**
**Adjustments for:**
Depreciation charges
(Gains)/losses on investments
Dividends, interest and rents from investments
(Increase)/decrease in stocks
(Increase)/decrease in debtors
Increase/(decrease) in creditors
**Net cash provided by operating activities**
**23 Analysis of cash and cash equivalents**
Cash in hand
Notice deposits (less than 3 months)
Overdraft facility repayable on demand
**Total cash and cash equivalents**|**2021**
**£**
107,917
6,623
(120,397)
(27,951)
40
1,739
10,128
**(21,901)**
**2021**
**£**
245,054
–
–
**245,054**|**2020**
**£**
48,666
4,542
(73,550)
(28,954)
194
3,016
(2,420)
**(48,506)**| |---|---|---| |||**2020**
**£**
251,686
–
–
**251,686**| 26 Charity No.1135129 Annual Report year end 31 December 2021 for Holy Trinity with St. Columba PCC ## **Notes to the Financial Statements** ## **For the year ended 31[st] December 2021** _**(continued)**_ ## **24 Analysis of individual funds** The follow analysis shows the movements within individual funds. |**24a** **Unrestricted Funds**
General Fund
**Total Unrestricted**
**24b Designated**
Dr Collin’s Memorial Fund
Gerald Brook Memorial Fund
HT Roof Repair Fund
Memorial Garden Fund
Organ Replacement Fund
Sheila Walters Memorial Fund
Specific Purposes Fund
St. Columba Development Fund
Parish Capital Fund (Zodiac site)
**Total Designated**
**24c Restricted**
Hall Property Reserve
Highlands Hub
HT & SC Flower Funds
HT Choir Fund
HT Parish Hall
HT Parish Hall Extra-Ordinary
HT Major Projects
Messy Church/Little Fishes Fund
PAC
Prices Trust Fund
Quest Operating Fund
Restoration Fund
SC Choir Fund
SC Hall Fund
Specific Purposes Fund
St. Columba Development Fund
**Total Restricted**
**24d Endowment**
HBWB Trust Capital
HBWB Trust Revenue
**Endowment Total**|Opening
Balance
Income Expenditure Transfers
Gains/
Losses
Closing
Balance
£
£
£
£
£
£
60,440
143,249
144,381
1 4,931
64,240| |---|---| ||**60,440**
**143,249**
**144,381**
**1**
**4,931**
**64,240**
35,140
2,970
4,637
-
-
33,473
122
-
-
--
-
122
71,882
1,808
-
-
9,040
82,730
528
-
-
-
-
528
6,322
2
295
--
-
6,029
1,066
1
1,066
(1)
-
-
3,282
1
137
(2,000)
-
1,146
219,790
5,349
6,097
-
31,718
250,760
208,119
5,419
-
-
27,119
240,657| ||**546,251**
**15,550**
**12,232**
**(2,001)**
**67,877**
**615,445**
600,000
-
–
–
–
600,000
4,982
370
16,825
-
-
(11,473)
745
668
527
-
-
886
1,026
-
-
-
-
1,026
11,416
4,266
7,837
-
-
7,845
147,558
8,887
8,483
-
18,576
166,538
61,032
27
304
-
-
60,755
2,064
863
766
-
-
2,161
152
103
7
-
-
248
642
5,248
6,064
-
-
(174)
183
-
-
-
-
183
23,477
10
-
-
-
23,487
380
-
-
-
-
380
11,932
3,862
3,027
-
-
12,767
5,300
3
(868)
1,000
-
7,171
23,868
2,106
1,156
1,000
-
25,818| ||**894,757**
**26,413**
**44,128**
**2,000**
**18,576**
**897,618**
235,616
-
-
-
29,013
264,629
26,938
8,688
5,639
-
29,987| ||**262,554**
**8,688**
**5,639**
**-**
**29,013**
**294,616**| ||**1,764,002**
**193,900**
**206,380**
**-**
**120,397 1,871,919**| 27 Charity No.1135129 Annual Report year end 31 December 2021 for Holy Trinity with St. Columba PCC ## **Notes to the Financial Statements** ## **For the year ended 31[st] December 2021** _**(continued)**_ ## **24 Analysis of individual funds** _**(continued)**_ ## Dr Collins Memorial Fund During 2012, a legacy was received from the late Dr. Margaret Collins. This legacy was to be split between the two churches to use as each church council see fit. HTCC allocated part of their portion to purchasing new chairs for the Parish Centre in 2015, a coffee machine in 2016, part of the cost of the HT notice boards in 2017, a fence around the HT memorial garden and a sign at SC in 2018 and a stable door for the Parish office and funding of the Friendship group. SCCC have decided that some of their portion of the legacy should be used to pay the remaining rent for the Highlands Hub now that it is closed. This will clear the negative fund balance for the Hub. ## Gerald Brook Memorial Fund During 2011, a bequest was received from the late Gerald Brook to be spent on specific items. It is being used for audio and CCTV equipment. ## HT Roof Repair Fund The Holy Trinity Roof Repair Fund is a designated fund that holds a portion of the proceeds of the sale of the Miller Drive property. ## Memorial Garden Fund The Memorial Garden Fund is a designated fund to maintain the memorial garden in the grounds of Holy Trinity. ## Organ Replacement Fund The Organ Replacement Fund is a designated fund which is used for maintenance of the organs. ## Sheila Walters Memorial Fund During 2013, a legacy was received from the late Sheila Walters. This has now been spent. ## Specific Funds This is a joint designated and restricted fund for the purpose of holding short-term designated and restricted income that is expected to be used within a couple of years which does not warrant the creation of a dedicated fund. It now holds the balance of the defibrillator fund for future maintenance. ## SC Development Fund The St. Columba Development Fund is a joint designated and restricted fund. The designated fund arose from the proceeds of the sale of the Miller Drive property. The restricted reserve holds donations and income raised to develop the site at St. Columba and is now to be used for the re-development of the church into a Community space. ## Parish Capital Fund This contains the proceeds of the negotiations over the sale of the ransom strip within the Zodiac redevelopment as well as the Nigel Dean legacy. The PCC has decided that it is to be spent on future capital projects within the Parish. ## Hall Property Reserve This fund contains the nominal value for both halls. ## Highlands Hub The Highlands Hub Fund is a restricted fund to meet the day to day running costs of the Highlands Hub. As the Hub was closed in 2020 any balance will be used to meet any costs still committed to. ## HT & SC Flower Funds The Flower Funds relate to the supply of flowers for both Holy Trinity and St. Columba for Sunday services as well as weddings and funerals. 28 Charity No.1135129 Annual Report year end 31 December 2021 for Holy Trinity with St. Columba PCC ## **Notes to the Financial Statements** ## **For the year ended 31[st] December 2021** _**(continued)**_ ## HT Choir Fund The Holy Trinity Choir Fund holds income received by the Holy Trinity Choir and is primarily used to purchase music & hymn books for the choir ## Holy Trinity Parish Hall Fund The Holy Trinity Parish Hall fund is one of two funds which make up the Holy Trinity Parish Hall Trust. This fund is to pay for the day to day running costs of the hall from letting income. Should a surplus arise, a contribution is made to the Extra-Ordinary Repair Fund. ## Holy Trinity Parish Hall Extra-Ordinary Fund The Holy Trinity Parish Hall Extra-Ordinary repair fund is the second of two funds which make up the Holy Trinity Parish Hall Trust. This fund holds the investments which would be used to rebuild or undertake major repair works to the hall. The window frames were repaired from this fund. The cost of the kitchen refurbishment in 2020 is being treated as a fixed asset and the depreciation deducted from this fund over 5 years. ## HT Major Projects The Holy Trinity Tower Fund (also known as High Time) has been renamed and relates to funds left over from the repair works required on the tower and clock at Holy Trinity (High Time Refurbishment Fund). ## Messy Church/Little Fishes Fund This restricted fund is to manage the income and expenditure relating to the Messy Church and Little Fishes children’s groups. ## PAC Income and expenditure incurred in running the People Alone Circle. ## Prices Trust Fund The Prices Trust Fund is a restricted fund holding the grant income received from The Prices Charitable Trust for the education of under 25s within the Parish of Fareham. The fund is currently in deficit but this will be funded by the next grant application. There is some resource crossover with the Messy Church fund which is in surplus. ## Quest Operating Fund The Quest Operating Fund holds the remaining balance of funds used for the Quest Youth group. There has been no activity in the fund for several years and is held as a restricted fund. With the creation of a new youth group, the PCC passed a resolution in 2015 to allow the new youth group to use this fund as their purposes are similar. ## Restoration Fund The Restoration Fund holds restricted donations and the legacy from the late Dennis Stevens (£11,258) meant for the restoration of Holy Trinity Church. This fund is only to be used should a major capital repair project occur. ## SC Choir Fund The St. Columba Choir Fund, similar to the HT Choir Fund, holds income received by the St. Columba Choir for the purpose of mainly purchasing music & hymn books. The choir is not currently in existence. ## SC Hall Fund The St. Columba Hall fund is a restricted reserve to cover the day to day running costs of the Hall. ## HBWB Fund The Helen Butter Waddell-Boyd (HBWB) Trust is a permanent endowment whereby the capital is to maintained (HBWB Capital Fund) and the income generated from investing the capital can then be spent on the upkeep of the office and various expenses for the incumbent of Holy Trinity. 29 Charity No.1135129 Annual Report year end 31 December 2021 for Holy Trinity with St. Columba PCC ## **Notes to the Financial Statements For the year ended 31[st] December 2021** _**(continued)**_ ## **25 Analysis of assets and liabilities represented by funds** |Unrestricted
Funds
£
Fixed assets
-
Investment asserts
38,662
Stock
40
Debtors
1,007
Cash at bank
34,414
Current liabilities
(9,883)
**Total**
**64,240**|Designated
Funds
£
-
539,603
–
135
75,508
199
**615,445**|Restricted
Funds
£
626,510
177,688
-
4,051
106,762
(17,393)
**897,618**|Endowment
Funds
£
-
265,872
-
381
28,370
(7)
**294,616**|Total
Funds
2021
£
626,510
1,021,825
40
5,574
245,054
(27,084)| |---|---|---|---|---| |||||**1,871,919**| The next page does not form part of the statutory accounts. 30 Charity No.1135129 Annual Report year end 31 December 2021 for Holy Trinity with St. Columba PCC ## **HOLY TRINITY w ST COLUMBA PCC** ## **General Fund Summary Jan to Dec 2021** |**HOLY TRINITY w ST COLUMBA PCC**|**HOLY TRINITY w ST COLUMBA PCC**|||||| |---|---|---|---|---|---|---| |||||||| |**General Fund Summary Jan to Dec 2021**||||||| |||||||| ||**Jan-Dec**|**Jan-Dec**||_Jan-Dec_||| ||**2021**|**2021**|**2021 variance**|_2020_|_2021 actual_|2021| ||**Actual**|**Budget**|**to budget**|_Actual_|_variance to 2020_|Annual Budget| ||**£**|**£**|**£**|_£_|_£_|£| |**EXPENDITURE**||||||| |**PARISH SHARE**|**100,473**|**100,472**|**1**|_105,099_|_(4,626)_|100,472| |||||||| |ClergyTravel|**751**|**800**|**(49)**|_523_|_228_|800| |Other ClergyCosts|**988**|**1,500**|**(512)**|_1,578_|_(591)_|1,500| |**CLERGY COSTS**|**1,739**|**2,300**|**(561)**|_2,102_|_(363)_|2,300| |||||||| |Altar Requisites|**520**|**800**|**(280)**|_405_|_115_|800| |Light,Heat & Insurance|**6,071**|**9,000**|**(2,929)**|_6,979_|_(908)_|9,000| |Sundry|**4,350**|**3,000**|**1,350**|_3,698_|_652_|3,000| |Organists & Choirs|**1,807**|**3,000**|**(1,193)**|_2,606_|_(799)_|3,000| |Repairs & Grounds|**3,580**|**15,000**|**(11,420)**|_36,228_|_(32,648)_|15,000| |**CHURCH COSTS**|**16,328**|**30,800**|**(14,472)**|_49,916_|_(33,588)_|30,800| |||||||| |Printing,Postage,& Stationery|**2,684**|**2,400**|**284**|_1,711_|_973_|2,400| |Office Telephones|**599**|**800**|**(201)**|_727_|_(128)_|800| |Office Payroll Costs|**12,723**|**14,000**|**(1,277)**|_13,907_|_(1,185)_|14,000| |StewardshipCosts|**0**|**200**|**(200)**|_0_|_0_|200| |Other General Exps|**2,376**|**3,000**|**(624)**|_2,737_|_(361)_|3,000| |Bank charges,Acc. & Legal fees|**378**|**800**|**(422)**|_577_|_(199)_|800| |**GENERAL EXPENSES**|**18,760**|**21,200**|**(2,440)**|_19,660_|_(900)_|21,200| |||||||| |**Parish Giving**|**7,081**|**7,950**|**(869)**|_7,413_|_(333)_|7,950| |||||||| |**TOTAL EXPENDITURE**|**144,381**|**162,722**|**(18,341)**|_184,190_|_(39,809)_|162,722| |||||||| |**INCOME**||||||| |Loose Plate|**3,493**|**8,000**|**(4,507)**|_3,166_|_327_|8,000| |Pledge Giving|**94,417**|**106,000**|**(11,583)**|_98,847_|_(4,430)_|106,000| |Gift Aid received|**25,297**|**24,000**|**1,297**|_22,916_|_2,382_|24,000| |PCC Fees(weddings & funerals)|**4,792**|**2,400**|**2,392**|_2,014_|_2,778_|2,400| |Donations|**7,643**|**1,000**|**6,643**|_14,700_|_(7,057)_|1,000| |Car Park Income|**1,625**|**6,000**|**(4,375)**|_10,633_|_(9,008)_|6,000| |SundryIncome & Grants|**4,221**|**3,000**|**1,221**|_8,230_|_(4,010)_|3,000| |Interest & Dividends|**1,762**|**1,600**|**162**|_1,684_|_78_|1,600| |**TOTAL INCOME**|**143,250**|**152,000**|**(8,750)**|_162,189_|_(18,940)_|152,000| |||||||| |**Gains(Losses) on investment**|**4,931**|||_2,150_||| |||||||| |**Surplus(Deficit) thisyear**|**3,800**|**(10,722)**|**9,591**|_(19,850)_|_20,870_|(10,722)| |||||||| |**General Fund Balance at 1.1.21**|**60,440**|||||| |||||||| |**General Fund Balance at 31.12.21**|**64,240**|||||| 31 Charity No.1135129 Annual Report year end 31 December 2021 for Holy Trinity with St. Columba PCC 32 Charity No.1135129