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2022-12-31-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 2022

Holy Trinity Hurdsfield

Reference and administrative information

for the year ended 31 December 2022

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 PCC members: Members of the Parochial Church Council (PCC) who served during the year were: Clergy members: Reverend James Gibson Vicar and Chair Reverend Jonny Frost Curate Lay Members: Olwyn Haley Churchwarden Richard Heathcote Churchwarden (from 22 May 2022) Richard Johnson Churchwarden (to 22 May 2022) Hellen Watson Deanery Synod Representative John Burt Chris Cottom PCC Secretary Michael James Anne Marriott Pip Mosscrop Ogbeialu Nkochi-Nwankwo Derek Rodwell PCC Treasurer John Vincent Bankers: Virgin Money 34 Princes Street Stockport SK1 1RE

Independent Christy Lau FCCA CTA 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 2022

The PCC presents its report and the unaudited financial statements for the year ended 31 December 2022.

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 at 197a Hurdsfield Road, Macclesfield.

Our vision (what we are about):

Our values (who we aspire to be):

Objectives and activities

This year we have:

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.

The church electoral roll had 122 members at the end of the year, but the church’s activities have a much wider remit, all undertaken to further HTH’s charitable purposes for the public benefit, and including:

2

Holy Trinity Hurdsfield

PCC members’ annual report

for the year ended 31 December 2022

Church services

We held services each week at 8:30 and 10:30 am, also streaming the latter live on YouTube. Our 10:30 service included three groups for kids and youth: Superstars (pre-school to year 2), Trailblazers (years 3 to 5), and Pathfinders (years 6 to 9).

Parochial Church Council meetings

The PCC met six times in 2022, 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

Each of our activities contributed to achieving our aims and objectives of increasing discipleship. By this, we mean both growth in individual discipleship and in the number of disciples. Other than those already mentioned, our activities in 2022 included:

They included:

3

Holy Trinity Hurdsfield

PCC members’ annual report

for the year ended 31 December 2022

In addition in 2022, we:

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 2022 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 2022.

There was an overall surplus for the year of £15,555, comprising a deficit of £9,437 on unrestricted activities and a surplus of £24,992 from restricted activities, principally the Building for the Future project. Total unrestricted income came to £190,907 compared to £280,576 in 2021. £83k of the £90k difference was due to legacies received in 2021.

The PCC's total net assets on 31 December 2022 were £527,359 (2021 was £511,804). The year ended with a balance of £238,596 of restricted funds, nearly all of which (£230k) were represented by the new Hurdsfield Community Hub which was funded principally by restricted giving.

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 2022 levels of expenditure this would mean a target of £50k. Free reserves at the end of 2022 totalled £289k including designated funds (see note 17 for details). General funds, not designated to any projects, totalled £106k, which is over six months of anticipated unrestricted expenditure.

Remuneration policy for key management personnel

During 2022 the PCC employed four people: a youth minister, two part-time kids’ ministers, and a parttime church administrator. The PCC establishes their employment conditions and reviews their salaries annually.

Plans

In 2023 the PCC plans to continue its programme of local community engagement, increasing HTH’s visibility and building relationships with those in our parish, particularly in its most deprived areas, and with the hope that its residents come to know the love of Jesus.

4

Holy Trinity Hurdsfield

PCC members’ annual report

for the year ended 31 December 2022

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.

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.

5

Holy Trinity Hurdsfield

PCC members’ annual report

for the year ended 31 December 2022

This annual report has been approved by the members of the PCC on 12 May 2023 and signed on their behalf by:

D G Rodwell Treasurer Date: 26/05/23

Reverend J C Gibson

Vicar Date: 25/05/23

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 2022 which are set out on pages 8 to 22.

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

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.

Christy Lau FCCA CTA DChA

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

Date 31/05/2023

7

Holy Trinity Hurdsfield

Statement of Financial Activities

for the year ended 31 December 2022

Unrestricted
funds
Note
£
Income from:
Voluntary income
3
186,234
4
4,133
Investment income
5
540
Total income
190,907
Expenditure on:
Church activities
6
200,344
Total expenditure
200,344
(9,437)
Transfer between funds
-
Net movement in funds for the year
(9,437)
Reconciliation of funds
Total funds brought forward
298,200
Total funds carried forward
288,763
Church activities
Net income/(expenditure) for the
year		 Restricted
funds
£
48,665
19,740
-
68,405
43,413
43,413
24,992
-
24,992
213,604
238,596		 Total funds
2022
£
234,899
23,873
540
259,312
243,757
243,757
15,555
-
15,555
511,804
527,359		 Total funds
2021
£
401,173
12,128
589
413,890
196,071
196,071
217,819
-
217,819
293,985
511,804

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

A full comparative SOFA is available on the last page of the financial statements.

8

Holy Trinity Hurdsfield

Balance Sheet

as at 31 December 2022

Note
£
£
Fixed assets
Tangible assets
12
341,699
Total fixed assets
341,699
Current assets
Debtors and prepayments
13
10,388
Cash at bank and in hand
14
179,066
Total current assets
189,454
Liabilities
Creditors: amounts falling
due in less than one year
15
(3,794)
Net current assets
185,660
Net assets
527,359
Funds of the PCC:
Restricted income funds
16
238,596
Unrestricted income funds
17
288,763
Total PCC funds
527,359
2022		 £
£
-
-
32,195
490,357
522,552
(10,748)
511,804
511,804
213,604
298,200
511,804
2021		 £
£
-
-
32,195
490,357
522,552
(10,748)
511,804
511,804
213,604
298,200
511,804
2021
-
511,804
511,804
213,604
298,200
511,804

The notes on pages 10 to 22 form part of these accounts.

Approved by the PCC on 12/05/2023 and signed on their behalf by:

Derek Rodwell (Treasurer)

James Gibson (Vicar)

9

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2022

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 has applied the exemption available to small charities in the Charities SORP (FRS 102) and does not include a Statement of Cash Flows in these Financial Statements.

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 PCC'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 PCC's finances to be anything but adequate for the foreseeable future.

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.

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

10

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2022 (continued)

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.

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 PCC which the PCC has decided at its 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 PCC’s work or for specific projects being undertaken by the PCC.

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 at cost with purchase costs above £2,000 and are depreciated over their estimated useful economic lives on a straight line basis as follows:

Hurdsfield Community Hub building: depreciating over 20 years.

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 PCC 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 PCC are entitled to join a defined contribution ‘money purchase’ scheme. The PCC’s contribution is restricted to the contributions disclosed in note 9. There were outstanding contributions totalling £258 at the year end (2021: £220).

11

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2022 (continued)

2 Legal status of the PCC

The PCC is an unincorporated charity, registered as a charity in England & Wales on 26 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
Legacies
Total
Tax recoverable on Gift-aided
giving
Tax recoverable on Gift-aided
giving
Previous reporting
period
Current reporting
period		 Unrestricted
£
111,420
1,440
28,694
23,496
7,840
1,910
-
10,593
841
186,234
Unrestricted
£
111,186
3,420
29,949
26,056
11,094
511
-
8,643
82,500
273,359		 Restricted
£
-
-
-
-
-
-
46,845
1,820
-
48,665
Restricted
£
-
-
-
-
100
-
127,714
-
-
127,814		 Total 2022
£
111,420
1,440
28,694
23,496
7,840
1,910
46,845
12,413
841
234,899
Total 2021
£
111,186
3,420
29,949
26,056
11,194
511
127,714
8,643
82,500
401,173

12

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2022 (continued)

4 Income from church activities

Wedding and funeral fees
Grants
Hope in North East Cheshire
Macclesfield Council
Beatrice Laing Trust
Howdens
Wedding and funeral fees
Grants
Cheshire East BC
Hope in North East Cheshire
Investment income
Income from bank deposits
Current reporting
period
Previous reporting
period		 Unrestricted
£
4,133
-
-
-
-
4,133
Unrestricted
£
6,628
-
-
6,628		 Restricted
£
-
12,500
1,940
5,000
300
19,740
Restricted
£
-
500
5,000
5,500
2022
£
540
540		 Total 2022
£
4,133
12,500
1,940
5,000
300
23,873
Total 2021
£
6,628
500
5,000
12,128
2021
£
589
589

5 Investment income

All investment income is unrestricted.

13

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2022 (continued)

6 Analysis of expenditure on church activities

Mission and charity giving
Diocesan contribution
Wedding and funeral fees
Overhead costs
Buildings and grounds maintenance
Worship
Kids, youth and families
Local mission and evangelism
Our people
Project expenditure
Depreciation
Mission and charity giving
Diocesan contribution
Wedding and funeral fees
Overhead costs
Buildings and grounds maintenance
Worship
Kids, youth and families
Local mission and evangelism
Our people
Project expenditure
Restricted expenditure
Unrestricted expenditure
Church office
Church office
Previous reporting
period
Current reporting
period		 Unrestricted
£
24,005
56,397
2,500
11,461
4,373
18,456
3,108
3,721
3,322
71,041
60
1,900
200,344
Unrestricted
£
21,887
55,154
3,752
17,247
6,170
19,998
970
2,540
2,924
48,257
157
179,056		 Restricted
£
1,820
-
-
6,167
-
-
-
-
-
-
31,535
3,891
43,413
Restricted
£
100
-
-
-
-
-
-
-
-
5,000
11,915
17,015
2022
£
43,413
200,344
243,757		 Total 2022
£
25,825
56,397
2,500
17,628
4,373
18,456
3,108
3,721
3,322
71,041
31,595
5,791
243,757
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
2021
£
17,015
179,056
196,071

14

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2022 (continued)

7 Net income/(expenditure) for the year

This is stated after charging/(crediting): 2022 2021
£ £
Operating lease rentals:
Other 1 1
Independent examiner's fees (net):
Bookkeeping 2,400 3,600
Accountancy fees 900 900
Independent examination 250 250

8 Mission and 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
Community support
Hope Centre
Open Doors
Simeons
Community project
Other mission giving		 2022
£
5,500
2,000
4,000
3,500
250
2,200
1,250
500
500
200
200
1,545
-
1,050
200
1,000
1,930
25,825		 2021
£
5,850
2,100
3,200
3,250
800
2,250
1,500
500
300
200
100
987
200
-
-
-
-
21,237

15

Notes to the accounts for the year ended 31 December 2022 (continued)

Holy Trinity Hurdsfield

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 and other		 2022
£
60,687
1,697
1,496
7,161
71,041		 2021
£
49,237
1,303
1,455
1,262
53,257

No employee has employee benefits in excess of £60,000 (2021: nil).

The average number of staff employed during the period was 4 (2021: 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 2022 (2021: nil).

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

Jennie Frost joined the staff in 2021 and is married to HTH’s curate, Rev Jonny Frost, who is a member of the PCC. Jennie’s earnings (gross) came to £8,213 in 2022 (2021: £2,454).

£1,200 was received by Rev James Gibson from the PCC for providing accommodation to one of the church’s interns from September to December 2022.

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 PCC had any personal interest in any contract or transaction entered into by the PCC, including guarantees, during the year (2021: nil).

11 Government grants

The government grants recognised in the accounts were as follows:

Cheshire East Council
Macclesfield Council		 2022
£
-
1,940
1,940		 2021
£
500
-
500

16

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2022 (continued)

12 Fixed assets: tangible assets

Cost
Additions
Depreciation
Charge for the year
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 1 January 2022
At 31 December 2022
At 1 January 2022
At 31 December 2022
At 31 December 2022
At 31 December 2021		 Hurdsfield
Community
Hub
Building
£
-
347,490
347,490
-
5,791
5,791
341,699
-
2022
£
9,428
960
10,388
2022
£
179,066
179,066
2022
£
3,794
3,794		 Total
£
-
347,490
347,490
-
5,791
5,791
341,699
-
2021
£
31,929
266
32,195
2021
£
490,357
490,357
2021
£
10,748
10,748

17

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2022 (continued)

16 Analysis of movements in restricted funds

Peaced Together
Macclesfield Council
Other
Total
Peaced Together
Other
Total
Previous reporting
period
Building for the
Future Project
Building for the
Future Project
Covid-19
Hope in NE
Cheshire
Hope in NE
Cheshire		 Balance at
1 January
2022
£
867
212,737
-
-
-
213,604
Balance at
1 January
2021
£
867
96,438
-
-
-
97,305		 Income
£
-
52,145
12,500
1,940
1,820
68,405
Income
£
-
127,714
500
5,000
100
133,314		 Expenditure
£
(125)
(35,301)
(5,521)
(646)
(1,820)
(43,413)
Expenditure
£
-
(11,415)
(500)
(5,000)
(100)
(17,015)		 Transfers
£
-
-
-
-
-
-
Transfers
£
-
-
-
-
-
-		 As at 31
December
2022
£
742
229,581
6,979
1,294
-
238,596
As at 31
December
2021
£
867
212,737
-
-
-
213,604

18

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2022 (continued)

16 Analysis of movements in restricted funds (continued)

Purposes of restricted funds

Peaced Together

A project encouraging social interaction using the creative arts.

Building for the Future

A substantial integrated project involving creating a new building to replace the classroom and church office; an improved site and welcome; and some more resource to grow the church’s ministry.

Hope in NE Cheshire For support provided in the response to Covid-19, and to continue the development of the Volunteer Coordination Points (VCPs).

Macclesfield Council This was a gift towards the community engagement project including the provision of community meals.

Other

Other restricted income.

19

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2022 (continued)

17 Analysis of movement in unrestricted funds

Current reporting
period
BFTF
Development Fund
Development Fund
Previous reporting
period
General Fund
General Fund
BFTF
BFTF - Building Fund		 Balance at
1 January
2022
£
105,200
173,000
-
20,000
298,200
Balance at
1 January
2021
£
101,680
75,000
20,000
196,680		 Income
£
190,907
-
-
190,907
Income
£
280,576
-
-
280,576		 Expenditure
£
(86,326)
(114,018)
-
(200,344)
Expenditure
£
(179,056)
-
-
(179,056)		 Transfers
£
(103,436)
(8,682)
112,118
-
-
Transfers
£
(98,000)
98,000
-
-		 As at 31
December
2022
£
106,345
50,300
112,118
20,000
288,763
As at 31
December
2021
£
105,200
173,000
20,000
298,200

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

General Fund The free reserves after allowing for all designated funds.

BFTF A substantial integrated project involving creating a new building to replace the classroom and church office; an improved site and welcome; and some more resource to grow the church’s ministry.

BFTF - Building Fund The net book value of the building (excludes the asset value in restricted funds), as these funds are not freely available for the church's operations.

Development Fund For major repairs and developments, beyond routine maintenance, of HTH's Early Victorian church building.

20

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2022 (continued)

18 Analysis of net assets between funds

Tangible fixed assets
Fixed asset investments
Other net current assets/(liabilities)
Total
Other net current assets/(liabilities)
Total
Previous reporting
period
Current reporting
period		 General
fund
£
341,699
-
(235,354)
106,345
General
fund
£
105,200
105,200		 Designated
funds
£
-
-
182,418
182,418
Designated
funds
£
193,000
193,000		 Restricted
funds
£
-
-
238,596
238,596
Restricted
funds
£
213,604
213,604		 Total
£
341,699
185,660
527,359
Total
£
511,804
511,804

19 Operating lease commitments

The PCC'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		 2022
2021
£
£
1
1
5
5
41
42
47
48
Car Park		 2022
2021
£
£
1
1
5
5
41
42
47
48
Car Park
48

21

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
Net income/(expenditure) for the
year
Church activities		 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.

22