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2021-12-31-accounts

Charity Number: 1140055

The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity Hurdsfield

Report and financial statements for the year ended 31 December 2021

Holy Trinity Hurdsfield

Reference and administrative information

for the year ended 31 December 2021

Registered office and operational address:

Holy Trinity Church Hurdsfield 197a Hurdsfield Road Macclesfield Cheshire SK10 2PX

Charity number: 1140055

Holy Trinity Church Hurdsfield (HTH) is part of the Diocese of Chester within the Church of England.

Patron: Simeon’s Trustees

Members of the Parochial Church Council (PCC) who served during the year were as follows:

PCC Chairman: Reverend James Gibson Vicar PCC Members: Olwyn Haley Churchwarden (from 2 May 2021) Richard Johnson Churchwarden Hellen Watson Deanery Synod Representative Rob Buckingham (to 2 May 2021) Chris Cottom PCC Secretary John Burt Reverend Jonny Frost (from 4 July 2021) Jenni Hardy Michael James Anne Marriott Pip Mosscrop (PCC Treasurer to 2 May 2021) Ogbeialu Nkochi-Nwankwo Gavin Reynolds (to 2 November 2021) Derek Rodwell PCC Treasurer (from 2 May 2021) John Vincent Bankers: Virgin Money 15 Market Place Macclesfield SK10 1AG

Independent Jennifer Daniel FCCA DChA, Slade & Cooper Limited Examiner: Beehive Mill, Jersey St, Ancoats, Manchester, M4 6JG

1

Holy Trinity Hurdsfield

PCC members’ annual report

for the year ended 31 December 2021

The PCC presents its report and the unaudited financial statements for the year ended 31 December 2021.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements of the Church of England’s Representation Rules 2017 and the Statement of Recommended Practice – Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Aim and purposes

The PCC is responsible for co-operating with the vicar in promoting throughout the ecclesiastical parish the whole mission of the church – pastoral, evangelistic, social and ecumenical. It also has maintenance responsibility for the church buildings in Hurdsfield.

Our vision is that Holy Trinity Church (HTH) seeks passionately to:

As a Christian community in Hurdsfield, we aspire to be:

Objectives and activities

This year our attention has included moving forward with the remaining two parts of our Building for the Future project.

More resource to grow HTH’s ministry

Reverend Jonny Frost joined HTH in the summer, bringing huge experience in building relationships with local communities, and with part of his brief, as curate, being to help the church develop its work in Hurdsfield and beyond.

A new building

This will have office and meeting space for groups already within the church and those within the wider community. During the year, we worked with our chosen contractor to progress design, construction and contract details, with a view to signing a contract. When that contractor withdrew, we sourced estimates from suitable new contractors.

Other matters

Other projects achieved within the year included:

Achievements and performance

The PCC ensures each year that its activities align with its charitable aims and objectives, and benefit the groups of people it is set up to help. This section presents some of those activities within the year. The PCC refers to the Charity Commission's general guidance on public benefit when reviewing its aims and objectives and considering how its planned activities will contribute to these.

2

Holy Trinity Hurdsfield

PCC members’ annual report

for the year ended 31 December 2021

The church electoral roll has 125 members but the church’s activities have a much wider remit, all undertaken to further HTH’s charitable purposes for the public benefit, and including:

Church services

Parochial Church Council meetings

The PCC met six times in 2021, starting each meeting with prayer and reflection, followed by consideration, correction as necessary, and approval of the minutes of the previous meeting, and a review of matters arising from them. Each meeting considered the financial reports produced by the treasurer.

Other church activities

As Covid restrictions eased, we continued some of our activities on Zoom and began to resume more of them face-to-face. Each of our activities contributed to achieving our aims and objectives of bringing people, both within and outside the church, closer to God.

They included:

3

Holy Trinity Hurdsfield

PCC members’ annual report

for the year ended 31 December 2021

Compliance with the duty under Section 5 of the Safeguarding and

Clergy Discipline Measure 2016

In all the activities for which the PCC has been responsible in 2021 it has complied with the requirements of the Safeguarding and Clergy Discipline Measure 2016.

Financial review

The PCC's finances are detailed in the financial statements for 2021.

There was an overall surplus for the year of £217,819, of which £101,520 arose from unrestricted activities and £116,299 from restricted activities, principally the Building for the Future project. Total unrestricted income increased by £82,972 on 2020 thanks mainly to legacies which totalled £82,500.

The PCC's total net assets on 31 December 2021 were £511,804 (2020 was £293,985). The year ended with a balance of £213,604 of restricted funds, primarily for the Building for the Future project.

Reserves policy

The PCC’s Reserves Policy is to hold free reserves (i.e. net current unrestricted assets) of 3 months of unrestricted expenditure. Based on 2021 levels of expenditure this would mean a target of £45,000. Free reserves at the end of 2021 totalled £298,200 including £173,000 set aside for Building for the Future and £20,000 for the building development fund. General funds, not designated to any projects, thus totalled £105,200, which is well over six months of anticipated unrestricted expenditure.

Remuneration policy for key management personnel

During 2021 the PCC employed four people: a youth minister, two part-time children’s ministers, and a part-time church administrator. The PCC establishes their employment conditions and reviews their salaries annually.

4

Holy Trinity Hurdsfield

PCC members’ annual report

for the year ended 31 December 2021

Plans

In 2022 the PCC plans to:

Risk management

The Governance Sub-Group of the PCC has established a risk management process based on the recommendations of the Charity Commission, which the PCC uses to review managerial priorities and processes.

Structure, governance and management

The PCC is an unincorporated charity, registered as a charity in England and Wales on 26 January 2011. The members of the charity are its trustees, who are the members of the PCC, but this membership entitles them to voting rights only. The trustees have no beneficial interest in the charity, give their time voluntarily and receive no financial benefit from the charity. Members of the PCC are elected from the Electoral Roll, in line with the Church Representation Rules. The PCC encourages all regular church attendees to register on the Electoral Roll.

The PCC has five Sub-Groups:

Each Sub-Group brings to the PCC matters requiring attention and decision, and presents an annual report of its progress and plans.

5

Holy Trinity Hurdsfield

PCC members’ annual report

for the year ended 31 December 2021

Statement of responsibilities of the trustees

Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the period and of its financial position at the end of the period. In preparing financial statements giving a true and fair view, the members of the PCC follow best practice in selecting suitable accounting policies and applying them consistently. These include:

The members of the PCC are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and 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.

The members of the PCC are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This annual report has been approved by the members of the PCC on ___ and signed on their behalf by:

D G Rodwell Reverend J C Gibson Treasurer Vicar Date: Date:

6

Independent examiner’s report

to the PCC members of

Holy Trinity Hurdsfield

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2021 which are set out on pages 9 to 25.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Jennifer Daniel FCCA DChA

Slade & Cooper Limited, Chartered Certified Accountants Beehive Mill, Jersey St, Ancoats, Manchester, M4 6JG Date:

8

Holy Trinity Hurdsfield

Statement of Financial Activities

for the year ended 31 December 2021

Unrestricted
funds
Note
£
Income from:
Voluntary Income
3
273,359
4
6,628
Investment Income
5
589
Total income
280,576
Expenditure on:
Church Activities
6
179,056
Total expenditure
179,056
101,520
Transfer between funds
-
Net movement in funds for the year
101,520
Reconciliation of funds
Total funds brought forward
196,680
Total funds carried forward
298,200
Church Activities
Net income/(expenditure) for the
year		 Restricted
funds
£
127,814
5,500
-
133,314
17,015
17,015
116,299
-
116,299
97,305
213,604		 Total funds
2021
£
401,173
12,128
589
413,890
196,071
196,071
217,819
-
217,819
293,985
511,804		 Total funds
2020
£
335,392
36,313
296
372,001
253,170
253,170
118,831
-
118,831
175,154
293,985

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

9

Holy Trinity Hurdsfield

Balance Sheet

as at 31 December 2021

Note
£
£
Fixed assets
Tangible assets
12
-
Total fixed assets
-
Current assets
Debtors and prepayments
13
32,195
Cash at bank and in hand
14
490,357
Total current assets
522,552
Liabilities
Creditors: amounts falling
due in less than one year
15
(10,748)
Net current assets
511,804
Net assets
511,804
Funds of the church:
Restricted income funds
16
213,604
Unrestricted income funds
17
298,200
Total church funds
511,804
2021		 £
£
-
-
32,477
270,732
303,209
(9,224)
293,985
293,985
97,305
196,680
293,985
2020		 £
£
-
-
32,477
270,732
303,209
(9,224)
293,985
293,985
97,305
196,680
293,985
2020
-
293,985
293,985
97,305
196,680
293,985

The notes on pages 12 to 25 form part of these accounts.

Approved by the PCC members on //2022 and signed on their behalf by:

Derek Rodwell (Treasurer)

James Gibson (Vicar)

10

Holy Trinity Hurdsfield

Statement of Cash Flows for the year ending 31 December 2021

Note
2021
£
Cash provided by/(used in) operating activities
20
219,036
Cash flows from investing activities:
Dividends, interest, and rents from investments
589
Cash provided by/(used in) investing activities
589
219,625
Cash and cash equivalents at the beginning of the year
270,732
Cash and cash equivalents at the end of the year
490,357
Increase/(decrease) in cash and cash
equivalents in the year		 2020
£
123,588
296
296
123,884
146,848
270,732

11

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2021

1 Accounting policies

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), second edition - October 2019 (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011 and the Church Accounting Regulations 2006 governing the individual accounts of PCCs.

The accounts (financial statements) have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 (as updated through Update Bulletin 1 published on 2 February 2016) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The PCC meets the definition of a public benefit entity under FRS102.

The financial statements have been prepared under the historical cost convention except for the valuation of investments assets, which are shown at fair value.

b Preparation of the accounts on a going concern basis

The PCC members consider that there are no material uncertainties about the church's ability to continue as a going concern.

There were no financial estimates in place at the accounting date that would cause the PCC to consider the churches finances to be anything but adequate for the foreseeable future.

12

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2021 (continued)

c Incoming Resources

Funds raised from events and trading activities are reported gross in the SOFA - i.e., before any related costs that may have been deducted from the gross proceeds.

Collections and planned giving are recognised when received by or on behalf of the PCC.

Gift Aid is included in the SOFA at the same time as the cash donations to which they relate.

The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the church; this is normally upon notification of the interest paid or payable by the bank.

d Expenditure and Liabilities

Liabilities are recognised as soon as there is a legal or constructive obligation and settlement is probable and quantifiable.

The Diocesan Quota is accounted for when payable.

13

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2021 (continued)

e Funds

Unrestricted funds represent the remaining income funds of the PCC that are available for spending on the general purposes of the PCC.

Designated funds are unrestricted funds of the church which the PCC members have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are donations which the donor has specified are to be solely used for particular areas of the church’s work or for specific projects being undertaken by the church.

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.

f Tangible fixed assets

No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. Expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the accounts.

The PCC's policy is to capitalise fixed assets with purchase costs above £2,000.

g Debtors and prepayments

Prepayments are valued at the amount prepaid net of any trade discounts due.

Amounts recoverable from HMRC as regards Gift-aided donations received.

h Cash at Bank and in hand

Cash at bank and in hand includes cash held at the Bank and at the Building Society.

i Financial instruments

The church only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

j Pensions

Employees of the church are entitled to join a defined contribution ‘money purchase’ scheme. The church’s contribution is restricted to the contributions disclosed in note 9. There were outstanding contributions totalling £220 at the year end (2020: £458).

14

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2021 (continued)

2 Legal status of the church

The church is an unincorporated charity, registered as a charity in England & Wales on 26th January 2011.

3 Voluntary Income

Planned Giving:
Regular Gift-aided giving
Other Gift-aided donations
Other tax-efficient giving
Non Gift-aided giving
Collections at Services:
Loose plate collections
All other giving:
Projects
Other
Legacies
Total
Planned Giving:
Regular Gift-aided giving
Other Gift-aided donations
Other tax-efficient giving
Non Gift-aided giving
Collections at Services:
Loose plate collections
All other giving:
Projects
Other
Total
Current reporting
period
Tax recoverable on Gift-aided
giving
Tax recoverable on Gift-aided
giving
Previous reporting
period		 Unrestricted
£
111,186
3,420
29,949
26,056
11,094
511
-
8,643
82,500
273,359
Unrestricted
£
112,819
3,290
29,527
22,237
13,610
2,067
8,959
192,509		 Restricted
£
-
-
-
-
100
-
127,714
-
-
127,814
Restricted
£
-
-
-
-
1,377
-
141,506
-
142,883		 Total 2021
£
111,186
3,420
29,949
26,056
11,194
511
127,714
8,643
82,500
401,173
Total 2020
£
112,819
3,290
29,527
22,237
14,987
2,067
141,506
8,959
335,392

15

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2021 (continued)

4 Income from Church Activities

Wedding and Funeral Fees
Grants
Cheshire East BC
Hope In North East Cheshire
Wedding and Funeral Fees
Grants
Cheshire East BC
Cheshire Community Foundation
AllChurches Trust
5
Investment income
Income from bank deposits
Current reporting
period
Previous reporting
period		 Unrestricted
£
6,628
-
-
6,628
Unrestricted
£
4,799
-
-
-
4,799		 Restricted
£
-
500
5,000
5,500
Restricted
£
-
21,500
3,014
7,000
31,514
2021
£
589
589		 Total 2021
£
6,628
500
5,000
12,128
Total 2020
£
4,799
21,500
3,014
7,000
36,313
2020
£
296
296

All investment income is unrestricted.

16

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2021 (continued)

6 Analysis of expenditure on church activities

Current reporting period

Mission & Charity Giving
Diocesan Contribution
Wedding and Funeral Fees
Overhead Costs
Church and Grounds Maintenance
Worship
Children, Youth and Families
Local Mission and Evangelism
Our People
Project Expenditure
Mission & Charity Giving
Diocesan Contribution
Wedding and Funeral Fees
Overhead Costs
Church and Grounds Maintenance
Worship
Children, Youth and Families
Local Mission and Evangelism
Our People
Project Expenditure
Restricted expenditure
Unrestricted expenditure
period
Church Office
Church Office
Previous reporting
period		 Unrestricted
£
21,887
55,154
3,752
17,247
6,170
19,998
970
2,540
2,924
48,257
157
179,056
Unrestricted
£
20,450
53,441
3,428
19,992
5,556
11,622
2,882
2,276
3,201
53,012
-
175,860		 Restricted
£
100
-
-
-
-
-
-
-
-
5,000
11,915
17,015
Restricted
£
-
-
-
-
-
-
-
-
-
3,013
74,297
77,310
2021
£
17,015
179,056
196,071		 Total 2021
£
21,987
55,154
3,752
17,247
6,170
19,998
970
2,540
2,924
53,257
12,072
196,071
Total 2020
£
20,450
53,441
3,428
19,992
5,556
11,622
2,882
2,276
3,201
56,025
74,297
253,170
2020
£
77,310
175,860
253,170

17

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2021 (continued)

7 Net income/(expenditure) for the year

8

This is stated after charging/(crediting):
Operating lease rentals:
Other
Bookkeeping
Accountancy fees
Independent examination
Mission & Charity Giving
Bron and Colin Cleaver
Johnny and Ann McClean
Tearfund
Martin and Hilary Raymond
Hope in NE Cheshire
Cre8 Macclesfield
The Message Trust
New Wine
Just Drop-In
Good News for Everyone
Evangelical Alliance
Christmas Hampers
Hope Centre
Hyndman's Trust
Open Doors
Gideons
Independent examiner's fees (net):		 2021
£
1
3,600
900
250
2021
£
5,850
2,100
3,200
3,250
800
2,250
1,500
500
300
200
100
987
200
-
-
-
21,237		 2020
£
1
3,600
900
250
2020
£
5,000
2,000
3,600
3,400
300
2,200
1,500
500
600
-
-
-
-
200
950
200
20,450

18

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2021 (continued)

9 Staff costs

Staff costs during the year were as follows:

ff costs during the year were as follows:
Wages and salaries
Pension costs
Training
Staff Expenses		 2021
£
49,237
1,303
1,455
1,262
53,257		 2020
£
52,582
946
844
1,653
56,025

No employee has employee benefits in excess of £60,000 (2020: Nil).

The average number of staff employed during the period was 3 (2020: 3).

The key management personnel of the church comprises the PCC members and the Vicar. There were no employee benefits paid to the key management personnel of the church in 2021 (2020: £Nil).

10 PCC members' remuneration and expenses, and related party transactions

Jennie Frost joined the staff in 2021 and she is the wife of Jonnie Frost who is our curate and, as clergy, sits on the PCC. Jennie’s earnings (gross) came to £2,454 in 2021.

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

No PCC member or other person related to the church had any personal interest in any contract or transaction entered into by the church, including guarantees, during the year (2020: nil).

11 Government grants

The government grants recognised in the accounts were as follows:

Cheshire East BC 2021
£
500
500		 2020
£
21,500
21,500

Conditions attached are to complete the Building for the Future project, which we expect to do in the forthcoming financial years.

19

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2021 (continued)

12 Fixed assets: tangible assets

Cost
Disposals
Depreciation
Disposals
Net book value
13
Debtors and prepayments
Tax Recoverable on Gift Aid
Prepayments and accrued income
14
Cash at bank and in hand
Cash at bank and on hand
15
Creditors: amounts falling due within one year
Other creditors and accruals
At 31 December 2020
At 31 December 2021
At 1 January 2021
At 31 December 2021
At 1 January 2021
At 31 December 2021		 Minibus
£
10,709
(10,709)
-
10,709
(10,709)
-
-
-
2021
£
31,929
266
32,195
2021
£
490,357
490,357
2021
£
10,748
10,748		 Total
£
10,709
(10,709)
-
10,709
(10,709)
-
-
-
2020
£
32,204
273
32,477
2020
£
270,732
270,732
2020
£
9,224
9,224

20

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2021 (continued)

16 Analysis of movements in restricted funds

Balance at
1 January
2021
£
Peaced Together
867
96,438
Covid-19
-
Hope in NE Cheshire
Other
-
Total
97,305
Balance at
1 January
2020
£
Peaced Together
862
(1,141)
-
Other
-
Total
(279)
Building for the
Future Project
Covid-19
Previous reporting
period
Building for the
Future Project		 Income
£
-
127,714
500
5,000
100
133,314
Income
£
130
165,006
8,014
1,247
174,397		 Expenditure
£
-
(11,415)
(500)
(5,000)
(100)
(17,015)
Expenditure
£
(125)
(67,427)
(8,506)
(1,252)
(77,310)		 Transfers
£
-
-
-
-
-
Transfers
£
-
492
5
497		 Balance at
31
December
2021
£
867
212,737
-
-
-
213,604
Balance at
31
December
2020
£
867
96,438
-
-
97,305

21

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2021 (continued)

16 Analysis of movements in restricted funds (Cont.)

Purposes of Restricted Funds

Peaced Together

a project encouraging social interaction using the creative arts

Building for the Future a substantial integrated project involving the creation of a new building to replace the classroom and the office; improvements to the Church site access, safety and welcome; and recruitment of a Community Missioner Covid-19 1. Investment in a range of audio-visual equipment to aid communication within the community funded by Cheshire East Council. 2. Funding for the Church Administrator to spend one day each week as Organiser of the Volunteer Co-ordination Point for Cheshire East Council’s People Helping People initiative funded by Cheshire Community Foundation Hope in NE Cheshire for support provided in the response to Covid-19, and to continue the development of the Volunteer Coordination Points (VCPs) Other Other restricted income

22

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2021 (continued)

17 Analysis of movement in unrestricted funds

Balance at
1 January
2021
£
101,680
75,000
20,000
196,680
Balance at
1 January
2020
£
175,433
-
-
175,433
Building for the Future
Building for the Future
General fund
Building
Development
Fund
Building
Development
Fund
Previous reporting
period
General fund
Current reporting
period		 Income
£
280,576
-
-
280,576
Income
£
197,604
-
-
197,604		 Expenditure
£
(179,056)
-
-
(179,056)
Expenditure
£
(175,860)
-
-
(175,860)		 Transfers
£
(98,000)
98,000
-
-
Transfers
£
(95,497)
75,000
20,000
(497)		 As at 31
December
2021
£
105,200
173,000
20,000
298,200
As at 31
December
2020
£
101,680
75,000
20,000
196,680

Name of Description, nature and purposes of the fund unrestricted fund

General fund Building for the Future

General fund The free reserves after allowing for all designated funds Building for the Future A substantial integrated project involving the creation of a new building to replace the classroom and the office; improvements to the Church site access, safety and welcome; and recruitment of a Community Missioner Building Development For major repairs and developments, beyond routine maintenance, of Fund HTH's early Victorian Church.

23

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2021 (continued)

18 Analysis of net assets between funds

Current reporting period

Current reporting
Other net current assets/(liabilities)
Total
Other net current assets/(liabilities)
Total
period
Previous reporting
period		 General
fund
£
105,200
105,200
General
fund
£
101,680
101,680		 Designated
funds
£
193,000
193,000
Designated
funds
£
95,000
95,000		 Restricted
funds
£
213,604
213,604
Restricted
funds
£
97,305
97,305		 Total
£
511,804
511,804
Total
£
293,985
293,985

19 Operating lease commitments

The church's total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods:

Less than one year
One to five years
Over five years		 2021
2020
£
£
1
1
5
5
42
43
48
49
Car Park		 2021
2020
£
£
1
1
5
5
42
43
48
49
Car Park
49

24

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2021 (continued)

20 Reconciliation of net movement in funds to net cash flow from operating activities

Net income/(expenditure) for the year
Adjustments for:
Dividends, interest and rents from investments
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in) operating		 2021
£
217,819
(589)
282
1,524
219,036		 2020
£
118,831
(296)
303
4,750
123,588

25