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2022-12-31-accounts

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 2022

Registered Charity No. 1135129

Annual Report year end 31 December 2022 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 PCC Review (continued) ............................................................................................................................................. 8 Public Benefit & Events .............................................................................................................................................. 8 Public Benefit & Events (continued) ........................................................................................................................... 9 Health and Safety/Buildings ....................................................................................................................................... 9 The Highlands Hub ..................................................................................................................................................... 9 St Columba Church Development Project ................................................................................................................ 10 Safeguarding Policy .................................................................................................................................................. 10 Stewardship.............................................................................................................................................................. 10 Financial Review ....................................................................................................................................................... 11 Investment Policy ..................................................................................................................................................... 11 Reserve Policy .......................................................................................................................................................... 11 Statement of Trustees’ Responsibilities ................................................................................................................... 12 Independent Examiner’s Report ............................................................................................................................... 13 Statement of Financial Activities .............................................................................................................................. 14 Balance Sheet ........................................................................................................................................................... 15 Statement of Cash Flows .......................................................................................................................................... 16 Notes to the Financial Statements ........................................................................................................................... 17

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Statutory Information

----- Start of picture text -----
||| |---|---| |Rector ......................................................................................................................................... Vacancy| |Mission Priest The Reverend Greg Bakker| |Curate|Vacancy| |Correspondence Address .................................................................................. Holy Trinity Parish Office| |West Street| |Fareham| |Hampshire| |PO16 0EL| |Parish Office Telephone Number ................................................................................... (01329) 232688| |Charity Registration Number ...................................................................................................... 1135129|

----- End of picture text -----

Main Bankers ................................................................................................................ Lloyds Bank Plc. 43 West Street Fareham PO16 0BE Solicitors ............................................................................................................................. Brutton & Co. 228 West Street Fareham PO16 0AJ Architects ...................... Jane Jones-Warner – retired Dec 22 Julian Vallis – took over Dec 22 Vallis & Hall Conservation Architects LLP 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

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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.

The post of Rector remains vacant (since Easter 2021) and, as yet, the Parish have not been given permission to recruit. 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 left us in July 2022.

Our team of Clergy and churchwardens, forming the Vacancy Group to manage the parish during the Rector’s vacancy, 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 2022. We also thank our PTO Reader, David Inns.

As we emerged from the world of pandemic, it was clear to us that we were unlikely to have the same numbers of clergy in our parish as we had been previously used to or would like. As a result, following in-depth consultation through congregational meetings and after a good deal of discussion by the PCC and leadership teams, we put in place a revised pattern of worship at our two churches, which we believe will be sustainable into the future. It ensures that there is at least one Holy Communion in the parish each Sunday and we have trained and qualified a team of Worship Leaders who were commissioned by Bishop Jonathan in September and whose ministry has been greatly appreciated.

Allen Cole continues to play the organ at St Columba and Ruth Jagger has kindly covered the role at Holy Trinity with help from Allen Cole and Peter Hallam. It has not been possible to find a new organist in 2022 but we hope to appoint a new one in 2023. Our thanks go to Sue and Pete Hall, who led informal band-led worship with instrumentalists and singers in both our churches throughout the year.

Holy Trinity congregation have embraced the change to having Morning Worship twice a month led by our Worship Leaders. We continue to celebrate Holy Communion on the other Sundays each month. As well as being open to new ways of worshiping, our Sunday morning worship reflects the more traditional feel of our building. Together with our regular congregation each week our worship is valued by others watching online. We are grateful to Mark Coundley for the way he has developed the live streaming over the past year and the help given by Emma Bourner, Sue and Pete Hall.

St Columba has deliberately made services held there less formal, making the language at our family friendly service on the first Sunday more child-friendly and introducing a Café Church service, consisting of discussion, craft and prayer over coffee and cake on the third Sunday. A small but hopeful increase in numbers attending has been noticed.

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 23rd June 1971. In July 2020 the Parish affiliated with the Inclusive Church Network (https://www.inclusive-church.org/).

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Annual Report year end 31 December 2022 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:

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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 2022.

Name Date elected for Current term Date for
current term re-election/retirement
Daphne Armstrong (HT) 2020 2nd 2023
Sarah Bourner (HT) 2021 2nd 2024
Karen Churchill (HT) 2021 2nd 2024
Sheila Holliday (HT) 2021 2nd 2024
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
Helen McCarthy (St C) 2022 1st 2025

Other members of the PCC during 2022 were present by virtue of their official role:

Name Role Vacancy Team Rector/ Priest-in Charge Rev. Greg Bakker Mission Priest (0.5) Judi Bushell Church Warden Holy Trinity (Retirement Apr 2023) 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 Emma Bourner Safeguarding Officer

Others were co-opted onto the PCC after the 2022 APCM, by virtue of their honorary roles:

Name Role Sue Marshall Treasurer Alison Jacobs Joint-PCC Secretary Sue Craft Joint-PCC Secretary

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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. This committee also oversaw the general financial affairs of the two churches in the parish by monitoring income and expenditure and preparing an annual budget. Accountable to the PCC, 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

This small group have met regularly since the retirement of the Rector, normally on a weekly basis. Consisting of the clergy team (paid and non-stipendiary) and churchwardens, they handle the day-to-day management decision-making, to ensure the smooth running of the Parish during this period of vacancy.

PCC Review

The PCC held seven meetings during 2022, most of which were conducted face to face as Covid precautions were lifted. 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. The meetings were held on:8 Feb 2022

A summary of the main items discussed at PCC meetings during 2022 is given below.

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PCC Review (continued)

.

Public Benefit & Events

Details of services in the Parish that took place for the benefit of specific members of the public in 2022 are below:

Baptisms
Weddings
Funerals		 2022
11
3
17 church
6 crematorium/burial
5 interment of ashes		 2021
11
7
18 church
38 crematorium/burial
4 interment of ashes

A selection of Sunday services from both Holy Trinity and St Columba were live streamed and available to view via social media.

Little Fishes, specifically for families with preschool children, resumed meeting face to face in 2021 as did Messy Church. The monthly Praise Makers service were held on Sunday afternoons in church or via Zoom when regulations required.

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Public Benefit & Events (continued)

Weekly Morning Prayer and a fortnightly Evensong continued in our churches during 2022. Holy Trinity church was open to the public on Saturday mornings, thanks to the support of volunteers from our congregation.

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, Slimming World, the Meon Health Group (previously known as Sovereign Health Group), Alcoholics Anonymous, Nutty Knitters, a community coffee mornings, toddler group, afternoon tea group and the Friendship group. Both halls and churches are available for private hire. St. Columba Church was used fortnightly by the St. Mary’s Jacobite Syrian Orthodox Church.

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. 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 outside Holy Trinity Church. The annual in-person All Souls service for those in the community bereaved during the year was held again in 2022.

Health and Safety/Buildings

We continued to adapt our approach to the pandemic during 2022. We took a measured approach to relaxing precautions and erred on the side of caution at all times. The churches have been open for services and private prayer and, when able we have streamed services online for those members of the congregation wary about venturing out. We continue to review all issues that potentially impact on the health and safety of those that use our buildings and discuss H&S as an Agenda Item at all our management meetings.

Holy Trinity - Following an accident in the HT hall when a young child trapped his finger in a door jamb, finger guards have been installed in all doors in the link and in the hall and hallway. In the last months of 2022 we were visited by representatives of Ecclesiastical Insurance to discuss all aspects of our insurance responsibilities including our policies on health and safety. The report was received in Feb 2023 and the minor actions are in hand.

The Highlands Hub

The COVID 19 pandemic forced closure of the Hub on 18 March 2020. The interior was re-decorated and the building returned to the landlord when the lease terminated in March 2022. The 2022 costs are for rent and other building costs only.

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St Columba Church Development Project

During 2022, the St Columba Church Development Project Team received two key pieces of advice. The first, from the DAC, required the replacement of the heating system at St Columba with a more eco-friendly solution and the second was an engineering report suggesting that substantial work to re-enforce the foundations of the building would be required to allow the project to redevelop the vestry area to continue. Both of these make any major development project unaffordable. As a result, it was decided to put the main project on hold. With the exception of some minor projects to review church furniture, carpeting and storage, and to explore fitting TV screens in support of our services, all development work has stopped and the committee agreed it would be better to focus on our outward-looking mission to the community for the time being, rather than the church buildings.

Safeguarding Policy

Stewardship

The Stewardship Committee did not meet in 2022- following the decision of the PCC to subsume the role of the Committee into PCC meetings until a new Stewardship chair can be found.

We continue to recognise the financial difficulties some will have faced in maintaining their stewardship in 2022 and 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. The Covid Appeal has donated £18.2k to local CAB clients, Easington Parish and the

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Annual Report year end 31 December 2022 for Holy Trinity with St. Columba PCC

Financial Review

We began the year expecting to be incurring a deficit of about £22,000 in the General Fund by the end of the year but actually incurred a deficit of £8,784. Income was above expected due to legacies, donations and higher than expected car park income from FBC although pledge giving was lower than previous years.

In 2022, expenditure was close to the budget. Parish Giving (to charities) was less than expected as it is calculated based on pledged giving. The Parish Share, the amount due to the Diocese was slightly less than budgeted as they decided not to make an increase for the year.

The Holy Trinity Hall made a deficit during the year amounting to £5,439 (2021 – deficit of £3,571) probably due to hiring still not returning to normal. The St Columba Hall made a surplus of £4,928 during 2022 (surplus of £835 in 2021). The cost of energy during the last quarter has caused some concern.

The Hub was handed back to the landlord in March 22 and the deficit of £15,598 funded from the Dr Collins memorial fund as agreed by the PCC.

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.

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 2022 (short by)
£ £ £
General Fund 52,300 20,167 (32,133)
Messy Church (restricted) 484 2,528 2,044
HT Hall (restricted) 5,297 2,406 (2,891)
SC Hall (restricted) 1,082 17,695 16,613

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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:

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.

Signed on behalf of the PCC ……19[th] April 2023 by:

Judi Bushell Chair

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Annual Report year end 31 December 2022 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 2022, which are set out on pages 14 to 32.

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:

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

  3. 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

  4. have not been met; or

  5. 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: 31.3.2023

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Charity No.1135129

Annual Report year end 31 December 2022 for Holy Trinity with St. Columba PCC

Statement of Financial Activities For the year ended 31[st] December 2022

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		 2022
2021
Unrestricted
Funds
Designated
Funds
Restricted
Funds
Endowment
Funds
Total
Funds
Total
Funds
£
£
£
£
£
£
129,776
(753)
7,931
–
136,954
137,153
8,231
3,369
-
–
11,600
7,453
496
15
19,500
–
20,011
8,053
1,843
15,277
5,553
7,903
30,576
27,951
12,451
11
2,476
-
14,938
13,290
152,797
17,919
35,460
7,903
214,079
193,900
498
-
208
-
706
233
135,448
4,524
32,676
-
172,648
172,397
20,955
6,653
7,239
5,767
40,614
33,750
156,901
11,177
40,123
5,767
213,968
206,380
(4,680)
(63,747)
(21,382)
(30,721)
(120,530)
120,397
(8,784)
(57,005)
(26,045)
(28,585)
(120,419)
107,917

26,647
25,757
36,217
-
88,621
2,376
(26,647)
(41,107)
(20,867)
-
(88,621)
(2,376)
(8,784)
(72,355)
(10,695)
(28,585)
(120,419)
107,917
64,240
615,445
897,618
294,616
1,871,919
1,764,002
55,456
543,090
886,923
266,031
1,751,500
1,871,919

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Charity No.1135129

Annual Report year end 31 December 2022 for Holy Trinity with St. Columba PCC

Balance Sheet As at 31[st] December 2022

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
-
7,808
269,640
277,448
29,308		 2022
Total
Funds
£
619,887
883,473
1,503,360
248,140
1,751,500
55,456
543,090
886,923
266,031
1,751,500		 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

Approved by the PCC on ……19[th] April 2023 and signed on its behalf by:

Judi Bushell Chair

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Annual Report year end 31 December 2022 for Holy Trinity with St. Columba PCC

Statement of Cash Flows For the year ended 31[st] December 2022

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		 2022
Total
Funds
£
(23,812)
30,576
(13,393)
–
-
31,215
-
48,398
–
–
–
–
24,586
245,054
269,640		 2021
Total
Funds
£
(21,901)
27,951
(12,682)
–
-
-
-
15,269
–
–
–
–
(6,632)
251,686
245,054

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Annual Report year end 31 December 2022 for Holy Trinity with St. Columba PCC

Notes to the Financial Statements For the year ended 31[st] December 2022

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.

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Notes to the Financial Statements

For the year ended 31[st] December 2022 (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. There are no stocks currently held in the Parish.

2 Analysis of income from donations and legacies

2022 2021
Unrestricted Designated Restricted Endowment Total Total
Funds Funds Funds Funds Funds Funds
£ £ £ £ £ £
Gift Aided pledged giving 81,795 - - - 81,795 85,824
Gift Aid recovered on pledged giving
20,449		 - - - 20,449 24,005
Non-gift Aided pledged giving 4,911 - - - 4,911 8,593
Loose plate 4,584 - - - 4,584 3,493
General donations 2,439 - - - 2,439 6,053
Gift aid recovered on donations 1,261 - 3 - 1,264 1,635
Specific donations 1,649 247 2,228 - 4,124 3,538
Legacies received 12,138 (1,000) 500 - 11,638 -
Grants received 550 – 5,200 – 5,750 4,012
Total donations and legacies 129,776 (753) 7,931 – 136,954 137,153
18

Charity No.1135129

Annual Report year end 31 December 2022 for Holy Trinity with St. Columba PCC

Notes to the Financial Statements

For the year ended 31[st] December 2022 (continued )

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
£
2022
Total
Funds
£
2021
Total
Funds
£
3,961
–
–
–
3,961
540
-
–
-
–
-
-
-
4,270
3,369
-
-
-
-
–
3,369
4,270
2,121
4,792
8,231
3,369
-
–
11,600
7,453

4

Analysis of income from other trading activities

Fair trade income
HT Hall letting income
SC Hall letting income
Fairs and fundraising income
Card fees
Total other trading activities		 Unrestricted
Funds
£
Designated
Funds
£
Restricted
Funds
£
Endowment
Funds
£
2022
Total
Funds
£
2021
Total
Funds
£
-
–
–
–
-
58
-
–
10,250
–
10,250
3,543
–
506
(10)
–
16
(1)
8,172
1,092
(14)
–
-
-
8,172
1,614
(25)
3,504
970
(22)
496
15
19,500
-
20,011
8,053

5 Analysis of investment income

Investment income
Dividends received
Interest received
Total investment income		 Unrestricted
Funds
£
Designated
Funds
£
Restricted
Funds
£
Endowment
Funds
£
2022
Total
Funds
£
2021
Total
Funds
£
1,045
7,661
4,686
1,508
14,900
14,398
798
7,616
867
6,395
15,676
13,553
1,843
15,277
5,553
7,903
30,576
27,951

19

Charity No.1135129

Annual Report year end 31 December 2022 for Holy Trinity with St. Columba PCC

Notes to the Financial Statements

For the year ended 31[st] December 2022 (continued )

6 Analysis of other income

Other income
Car park and ground rents
JRS (Furlough) Grant
Other incoming resources
Total other income		 Unrestricted
Funds
£
Designated
Funds
£
Restricted
Funds
£
Endowment
Funds
£
2022
Total
Funds
£
2021
Total
Funds
£
12,066
-
-
-
-
-
-
-
12,066
-
1,625
6,740
385
11
2,476
-
2,872
4,925
12,451
11
2,476
-
14,938
13,290

7 Analysis of expenditure on raising funds

Stewardship expenses
Cards for resale
Catering and refreshment
expenses
Fairs and fundraising
expenses
Fair Trade expenditure
Total raising funds		 Unrestricted
Funds
£
Designated
Funds
£
Restricted
Funds
£
Endowment
Funds
£
2022
Total
Funds
£
2021
Total
Funds
£
158
-
-
-
158
-
-
-
-
-
-
-
210
-
208
-
418
177
90
-
-
-
90
-
40
-
-
-
40
56
498
-
208
-
706
233

20

Charity No.1135129

Annual Report year end 31 December 2022 for Holy Trinity with St. Columba PCC

Notes to the Financial Statements

For the year ended 31[st] December 2022 (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
£
2022
Total
Funds
£
2021
Total
Funds
£
34
-
-
–
34
41
1,858
–
–
–
1,858
2,360
2,787
–
–
–
2,787
2,360
1,858
–
–
–
1,858
2,360
7
–
-
–
7
-
101,426
–
–
–
101,426
100,473
555
–
–
-
555
884
354
104
–
-
458
909
3
–
-
-
3
30
100
–
-
-
100
162
153
-
-
–
153
93
106
–
22
-
128
219
646
(275)
230
-
601
565
-
–
439
-
439
528
279
-
50
-
329
244
-
3,149
-
-
3,149
1,037
-
-
1,452
-
1,452
1,048
-
–
556
–
556
529
145
-
-
-
145
200
119
-
-
-
119
505
1,669
-
-
-
1,669
1,598
-
-
6,623
-
6,623
6,623
2,572
–
–
–
2,572
2,461
1,875
–
–
–
1,875
1,825
4,581
1,250
–
-
5,831
305
923
-
113
–
1,036
2,016
29
–
–
–
29
510
4,673
–
-
–
4,673
1,172
633
–
–
–
633
612
3,085
-
–
–
3,085
1,685
1,243
296
(104)
–
1,435
6,681
1,422
–
–
–
1,422
1,080
-
-
4,223
–
4,223
804
–
–
1,875
–
1,875
1,825
–
-
4,327
–
4,327
2,110
1,832
–
5,105
–
6,937
6,263
–
-
347
–
347
18
–
–
1,265
–
1,265
1,224
–
–
-
–
-
132
481
–
1,845
–
2,326
2,050
–
–
52
–
52
31
–
–
3,750
–
3,750
15,000
–
–
(38)
–
(38)
407
–
–
287
–
287
1,271
–
–
263
–
263
147
–
–
-
–
-
-
–
–
-
–
-
-
–
–
(6)
–
(6)
-
135,448
4,524
32,676
-
172,648
172,397

21

Charity No.1135129

Annual Report year end 31 December 2022 for Holy Trinity with St. Columba PCC

Notes to the Financial Statements

For the year ended 31[st] December 2022 (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.

In 2022 the decision was made by the PCC to support 7 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.

Refugee Matters
Moving On Project
Corrymeela Community
Alabaré
Jeel Al-Amal Boys Home and Co-Ed School
International Justice Mission
Citizens Advice Fareham
Two Saints
The Amber Trust
The Naked Truth Project
Debt Counselling Service, Easington
Justice Defenders
Medicine Sans Frontiers
Total		 2022
£
-
-
-
-
-
-
929
929
929
929
929
929
929
6,503		 2021
£
1,180
1,180
1,180
1,180
1,180
1,180
-
-
-
-
-
-
-
7,080

In addition to the above, the following special collections were held during the year.

Special collections held during the year
Basics Bank
Bishop’s Lent Appeal
British Legion
Children’s Society
Christian Aid
Covid 19 Emergency Fund
Crisis
Fire Fund (SCA)
HIHCT
Hope into Action
Naomi House
Rowans Hospice
Stroke Assoc
St John’s Ambulance
SCA school lunches/hampers
Two Saints
Ukraine Appeal
Total collected for charities		 2022
£
30
7
356
-
153
8902
441
-
50
-
-
5
-
-
1,171
411
15
11,541		 2021
£
-
-
-
10
-
18,787
570
2,720
212
273
33
-
32
70
771
470
-
23,958

22

Charity No.1135129

Annual Report year end 31 December 2022 for Holy Trinity with St. Columba PCC

Notes to the Financial Statements For the year ended 31[st] December 2022 (continued)

10 Analysis of other costs

Other costs
Subscriptions
Printing and stationery
Postage
Office Telephone
Salaries
Employer’s pension & NI
contribution
Legal & professional fees
SC dev exps
Bank charges and interest
Card charges
Sundry expenses
Total other costs		 Unrestricted
Funds
£
Designated
Funds
£
Restricted
Funds
£
Endowment
Funds
£
2022
Total
Funds
£
2021
Total
Funds
£
2,127
–
-
–
2,127
1,973
1,991
–
-
-
1,991
2,291
136
–
–
-
136
394
648
–
–
–
648
599
15,252
3,695
2,800
5,683
27,430
26,345
228
–
-
-
228
146
198
-
2,952
-
4,079
276
–
-
7,229
276
1,418
-
86
-
-
-
84
-
84
-
254
-
253
17
289
6
-
-
295
314
20,955
6,653
7,239
5,767
40,614
33,750

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		 2022
£
3,750
6,623
2022
£
37,694
26
198
37,918		 2021
£
15,000
6,623
2021
£
35,597
-
134
35,731

12 Staff costs and remunerations

The average number of employees during the year was 6 (2021 – 7). The average number of full time equivalent employees during the year amounted to 1.6 (2021 – 1.7).

During the year there were no employees (2021 – nil) with remunerations (full time or pro-rata) in excess of £60,000 per annum. The pension contributions are operated through NEST.

23

Charity No.1135129

Annual Report year end 31 December 2022 for Holy Trinity with St. Columba PCC

Notes to the Financial Statements

For the year ended 31[st] December 2022 (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 ended Mar 22		 2022
£
-
-
-		 2021
£
3,750
-
3,750

15 Related party transactions

During the year total donations from all PCC members while in office amounted to £21,270 (2021 - £28,230).

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 £1,055 (2021 - £924). The balance owed by the related party at the year end amounted to £316 (2021 –£176)

Sally Davenport, Rector of Holy Trinity Church sat on the Board of Trustees for The William Price Charitable Trust until May 22. She was replaced by Lucy Docherty. 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 £5,000 (2021- £4,012) from the Trust which was used to fund Messy Church and other children’s activities.

24

Charity No.1135129

Annual Report year end 31 December 2022 for Holy Trinity with St. Columba PCC

Notes to the Financial Statements

For the year ended 31[st] December 2022 (continued)

16 Fixed assets

.
Asset cost or valuation
amount
At 1stJanuary 2022
Additions
Disposals
At 31stDecember 2022
Accumulated
Depreciation
At 1stJanuary 2022
Charge for the year
Eliminated on disposals
At 31stDecember 2022
Net Book Value
At 1stJanuary 2022
At 31stDecember 2022		 Hall
Property
£
600,000
–
–
600,000

-
–
–
–
600,000
600,000		 Solar
Panels
£
9,500
–
–
9,500

3,800
380
–
4,180
5,700
5,320		 Fixtures
&
Fittings
£
39,814
-
-
39,814
39,814
-
-
39,814
-
-		 HT
Kitchen
refurb
£
31,215
-
-
31,215
10,405
6,243
-
16,648
20,810
14,567		 Total
£
680,529
-
-
680,529
54,019
6,623
-
60,642
626,510
619,887

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.

25

Charity No.1135129

Annual Report year end 31 December 2022 for Holy Trinity with St. Columba PCC

Notes to the Financial Statements

For the year ended 31[st] December 2022 (continued)

17 Fixed asset investments

Unrestricted
Investments
Designated
Investments
Restricted
Investments
£
£
£
Valuation
Market value at 1stJanuary 2022
38,662
539,603
177,688
Additions at cost and dividends
reinvested
1,045
7,662
4,686
Carrying value of disposals
–
–
(31,215)
Net gains/(losses) on revaluation of
investments
(4,680)
(63,748)
(21,381)
Market value at 31st December
2022
35,027
483,517
129,778
Investments held in the UK
22,347
308,484
82,799
Investments held outside of the UK
12,680
175,033
46,979
Total market value
35,027
483,517
129,778		 HBWB
Investments
£
265,872
-
-
(30,721)
235,151
167,805
67,346
235,151		 Total
£
1,021,825
13,393
(31,215)
(120,530)
883,473
581,435
302,038
883,473

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.

18 Stock
Fair trade stall
Hub stock
Total
19 Debtors
Gift Aid
Investment income due
Prepayments
Social security and other taxes
Other debtors
Total		 2022
£
-
-
-
2022
£
2,258
161
772
-
4,617
7,808		 2021
£
40
-
40
2021
£
-
437
4,832
-
305
5,574

26

Charity No.1135129

Annual Report year end 31 December 2022 for Holy Trinity with St. Columba PCC

Notes to the Financial Statements

For the year ended 31[st] December 2022 (continued)

20 Cash at bank and in hand

2022
£
Cash in hand
814
Current accounts
110,422
Deposit accounts
158,404
Total
269,640
21 Creditors: amounts falling due within one year
2022
£
Trade creditors
2,300
Social security and other taxes
Special Collections creditor
833
11,680
Parish Giving creditor
6,503
Other creditors
7,992
Total
29,308
22 Reconciliation of net movement in funds to net cash flows from operating activities
2022
£
Net movements in funds for the reporting period (as per the
statement of financial activities)
(120,419)
Adjustments for:
Depreciation charges
6,623
(Gains)/losses on investments
120,530
Dividends, interest and rents from investments
(30,576)
(Increase)/decrease in stocks
40
(Increase)/decrease in debtors
(2,234)
Increase/(decrease) in creditors
2,224
Net cash provided by operating activities
(23,812)
23 Analysis of cash and cash equivalents
2022
£
Cash in hand
269,640
Notice deposits (less than 3 months)
–
Overdraft facility repayable on demand
–
Total cash and cash equivalents
269,640		 2021
£
845
94,391
149,818
245,054
2021
£
1,115
671
12,049
7,081
6,168
27,084

2021
£
107,917
6,623
(120,397)
(27,951)
40
1,739
10,128
(21,901)
2021
£
245,054
–
–
245,054

27

Charity No.1135129

Annual Report year end 31 December 2022 for Holy Trinity with St. Columba PCC

Notes to the Financial Statements

For the year ended 31[st] December 2022 (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
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
£
64,240		 Income Expenditure
Transfers
Gains/
Losses
Closing
Balance
£
£
£
£
£
152,797
156,901
-
(4,680)
55,456
64,240 152,797
156,901
-
(4,680)
55,456
33,473
122
82,730
528
6,029
1,146
250,760
240,657		 3,691
6,953
(15,350)
-
14,861
1
-
(123)
-
-
2,254
4,202
-
(8,580)
72,202
5
-
-
-
533
51
-
-
-
6,080
(981)
22
-
-
143
6,948
-
123
(29,426)
228,405
5,950
-
-
(25,741)
220,866
615,445 17,919
11,177
(15,350)
(63,747)
543,090
600,000
(11,473)
886
1,026
7,845
166,538
60,755
2,161
248
(174)
183
23,487
380
12,767
7,171
25,818		 -
–
–
–
600,000
131
4,256
15,598
-
-
1,397
439
-
-
1,844
9
-
-
-
1,035
10,452
15,891
-
-
2,406
7,160
6,623
-
(21,382)
145,693
548
-
-
-
61,303
1,818
1,451
-
-
2,528
-
-
(248)
-
-
5,000
3,577
-
-
1,249
2
-
-
-
185
210
-
-
-
23,697
4
-
-
-
384
8,175
3,247
-
-
17,695
(958)
549
-
-
5,664
1,512
4,090
-
-
23,240
897,618
264,629
29,987		 35,460
40,123
15,350
(21,382)
886,923
-
7
-
(30,721)
233,901
7,903
5,760
-
-
32,130
294,616 7,903
5,767
-
(30,721)
266,031
1,871,919 214,079
213,968
-
(120,530)
1,751,500

28

Charity No.1135129

Annual Report year end 31 December 2022 for Holy Trinity with St. Columba PCC

Notes to the Financial Statements

For the year ended 31[st] December 2022 (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. In 2022, £15,350 was used to fund the Hub deficit and continued to fund the Friendship Group.

Gerald Brook Memorial Fund

During 2011, a bequest was received from the late Gerald Brook to be spent on specific items. It has been used for audio and CCTV equipment and at the end of 2022 has a zero balance.

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.

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.

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.

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.

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Charity No.1135129

Annual Report year end 31 December 2022 for Holy Trinity with St. Columba PCC

Notes to the Financial Statements

For the year ended 31[st] December 2022 (continued)

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 and the kitchen refurbished from this fund. The FIT income from the solar panels goes into this fund.

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. This club has closed and the fund balance transferred to fund the Friendship group.

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.

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 for future Youth activities.

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 be 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. This was originally a legacy in 1961 of £68,000 in the form of a Trust administered as a company. The value of £135,000 was transferred to the trusteeship of the PCC in 2005.

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Charity No.1135129

Annual Report year end 31 December 2022 for Holy Trinity with St. Columba PCC

Notes to the Financial Statements For the year ended 31[st] December 2022 (continued)

25 Analysis of assets and liabilities represented by funds

Unrestricted
Funds
£
Fixed assets
-
Investment asserts
35,026
Stock
-
Debtors
3,030
Cash at Bank
30,083
Current liabilities
(12,683)
Total
55,456		 Designated
Funds
£
-
483,518
–
100
60,665
(1,193)
543,090		 Restricted
Funds
£
619,887
129,778
-
4,551
148,132
(15,425)
886,923		 Endowment
Funds
£
-
235,151
-
127
30,760
(7)
266,031		 Total
Funds
2022
£
619,887
883,473
-
7,808
269,640
(29,308)
1,751,500

The next page does not form part of the statutory accounts.

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Charity No.1135129

Annual Report year end 31 December 2022 for Holy Trinity with St. Columba PCC

HOLY TRINITY w ST COLUMBA PCC HOLY TRINITY w ST COLUMBA PCC e
General Fund Summary Jan to Dec 2022
Jan-Dec Jan-Dec Jan-Dec
2022 2022 2022 variance 2021 2022 actual
Actual Budget to budget Actual variance to 2021
£ £ £ £ £
EXPENDITURE
PARISH SHARE 101,426 103,486 (2,060) 100,473 953
ClergyTravel 555 800 (245) 751 (196)
Other ClergyCosts 716 1,000 (284) 988 (272)
CLERGY COSTS 1,271 1,800 (529) 1,739 (469)
Altar Requisites 646 800 (154) 520 126
Light,Heat & Insurance 9,752 9,000 752 6,071 3,681
Sundry 4,904 3,000 1,904 4,350 554
Organists & Choirs 1,788 3,000 (1,212) 1,807 (19)
Repairs & Grounds 9,117 10,000 (883) 3,580 5,537
CHURCH COSTS 26,207 25,800 407 16,328 9,879
Printing,Postage,& Stationery 2,127 2,500 (373) 2,684 (557)
Office Telephones 648 700 (52) 599 49
Office Payroll Costs 15,480 13,000 2,480 12,723 2,757
StewardshipCosts 158 200 (42) 0 158
Other General Exps 2,797 3,000 (203) 2,376 421
Bank charges,Acc. & Legal fees 284 600 (316) 378 (94)
GENERAL EXPENSES 21,494 20,000 1,494 18,760 2,734
Parish Giving 6,503 7,500 (997) 7,081 (578)
TOTAL EXPENDITURE 156,901 158,586 (1,685) 144,381 12,521
INCOME
Loose Plate 4,584 3,000 1,584 3,493 1,091
Pledge Giving 86,706 100,000 (13,294) 94,417 (7,710)
Gift Aid received 21,709 24,000 (2,291) 25,297 (3,588)
PCC Fees(weddings & funerals) 4,270 3,000 1,270 4,792 (522)
Donations 4,088 1,000 3,088 7,643 (3,555)
Car Park Income 12,067 0 12,067 1,625 10,442
SundryIncome,Legacies & Grants 17,530 3,000 14,530 4,221 13,309
Interest & Dividends 1,843 2,500 (657) 1,762 82
TOTAL INCOME 152,797 136,500 16,297 143,250 9,548
Gains(Losses) on investment (4,680) 4,931
Surplus(Deficit) thisyear (8,784) (22,086) 17,982 3,800 (2,973)
General Fund Balance at 1.1.22 64,240
Note:the carpark income for the rest of they
General Fund Balance at 31.12.22 55,456 originallyestimated byFBC.

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Charity No.1135129

Annual Report year end 31 December 2022 for Holy Trinity with St. Columba PCC 33 Charity No.1135129