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← The Parochial Church Council Of The Ecclesiastical Parish Of Holy Trinity Hurdsfield

2023-12-31-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 2023

Holy Trinity Hurdsfield

Reference and administrative information

for the year ended 31 December 2023

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 (to 21 May 2023) Richard Heathcote Churchwarden Sue Warham Churchwarden (from 21 May 2023) Hellen Watson Deanery Synod Representative John Burt Chris Cottom PCC Secretary Tony Ho (from 21 May 2023) Michael James Anne Marriott Pip Mosscrop Ogbeialu Nkochi-Nwankwo Rachel Riley (from 21 May 2023) Derek Rodwell PCC Treasurer John Vincent (to 21 May 2023) 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 2023

The PCC presents its report and the unaudited financial statements for the year ended 31 December 2023.

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.

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 four groups for kids and youth:

2

Holy Trinity Hurdsfield

PCC members’ annual report

for the year ended 31 December 2023

Parochial Church Council meetings

The PCC met six times in 2023, starting each meeting with prayer and reflection, followed by consideration 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. In addition to the church services already mentioned, our activities in 2023 included the following.

Kids

Youth

3

Holy Trinity Hurdsfield

PCC members’ annual report

for the year ended 31 December 2023

Community

Other services

Prayer

Discipleship and mission

4

Holy Trinity Hurdsfield

PCC members’ annual report

for the year ended 31 December 2023

Social

And

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 2023 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 2023.

There was an overall surplus for the year of £17,646, comprising a surplus of £18,816 on unrestricted activities and a deficit from restricted activities of £1,170. Total unrestricted income came to £231,025, compared to £190,907 in 2022.

The PCC's total net assets on 31 December 2023 were £545,005 (2022 was £527,359). The year ended with a balance of £237,426 of restricted funds, nearly all of which (£218k) were represented by the 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 2023 levels of expenditure this would mean a target of £53k. Free reserves at the end of 2023 totalled £178k including designated funds (see note 18 for details). General funds, not designated to any projects, totalled £130k, which is over six months of anticipated unrestricted expenditure.

Remuneration policy for key management personnel

During 2023 the PCC employed five people: a youth minister, two part-time kids’ ministers, a part-time church administrator, and part-time church cleaner. The PCC establishes their employment conditions and reviews their salaries annually.

5

Holy Trinity Hurdsfield

PCC members’ annual report

for the year ended 31 December 2023

Plans

In 2024 the PCC intends to invest significantly in expanding HTH’s programme of local community engagement, enabling it to:

Through increasing HTH’s visibility in this way the PCC hopes that more Hurdsfield residents will come to know the love of Jesus.

Risk management

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 a body corporate (PCC Powers Measure 1956, Church Representation Rules 2022) and was 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 four 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:

6

Holy Trinity Hurdsfield

PCC members’ annual report

for the year ended 31 December 2023

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 18 March 2024 and signed on their behalf by:

D G Rodwell Reverend J C Gibson Treasurer Vicar 18/03/2024 18/03/2024

7

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 2023 which are set out on pages 9 to 23.

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.

Christy Lau FCCA CTA DChA

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

17 April 2024

8

Holy Trinity Hurdsfield

Statement of Financial Activities

for the year ended 31 December 2023

Unrestricted
funds
Note
£
Income from:
Voluntary income
3
209,670
4
17,502
Investment income
5
3,853
Total income
231,025
Expenditure on:
Church activities
6
212,209
Total expenditure
212,209
18,816
Transfer between funds
-
Net movement in funds for the year
18,816
Reconciliation of funds
Total funds brought forward
288,763
Total funds carried forward
307,579
Church activities
Net income/(expenditure) for the
year		 Restricted
funds
£
15,650
12,500
-
28,150
29,320
29,320
(1,170)
-
(1,170)
238,596
237,426		 Total funds
2023
£
225,320
30,002
3,853
259,175
241,529
241,529
17,646
-
17,646
527,359
545,005		 Total funds
2022
£
225,552
33,220
540
259,312
243,757
243,757
15,555
-
15,555
511,804
527,359

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.

9

Holy Trinity Hurdsfield

Balance Sheet

as at 31 December 2023

Note
£
£
Fixed assets
Tangible assets
12
347,187
Total fixed assets
347,187
Current assets
Debtors and prepayments
13
14,601
Cash at bank and in hand
14
186,109
Total current assets
200,710
Liabilities
Creditors: amounts falling
due in less than one year
15
(2,892)
Net current assets
197,818
Net assets
545,005
Funds of the PCC:
Restricted income funds
16
237,426
Unrestricted income funds
17
307,579
Total PCC funds
545,005
2023		 £
£
341,699
341,699
10,388
179,066
189,454
(3,794)
185,660
527,359
238,596
288,763
527,359
2022		 £
£
341,699
341,699
10,388
179,066
189,454
(3,794)
185,660
527,359
238,596
288,763
527,359
2022
341,699
185,660
527,359
238,596
288,763
527,359

The notes on pages 11 to 23 form part of these accounts.

Approved by the PCC on 18 March 2024 and signed on their behalf by:

Derek Rodwell (Treasurer)

James Gibson (Vicar)

10

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2023

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.

11

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2023 (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.

12

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2023 (continued)

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 £157 at the year end (2022: £258).

2 Legal status of the PCC

The PCC is a body corporate (PCC Powers Measure 1956, Church Representation Rules 2022) and was registered as a charity in England and 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
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
Current reporting
period
Tax recoverable on Gift-aided
giving
Tax recoverable on Gift-aided
giving
Previous reporting
period		 Unrestricted
£
119,943
10,323
33,634
26,333
15,250
4,187
-
-
209,670
Unrestricted
£
111,420
1,440
28,694
23,496
7,840
1,910
-
1,246
841
176,887		 Restricted
£
-
-
-
-
-
-
14,500
1,150
15,650
Restricted
£
-
-
-
-
-
-
46,845
1,820
-
48,665		 Total 2023
£
119,943
10,323
33,634
26,333
15,250
4,187
14,500
1,150
225,320
Total 2022
£
111,420
1,440
28,694
23,496
7,840
1,910
46,845
3,066
841
225,552

13

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2023 (continued)

4 Income from church activities

Wedding and funeral fees
Grants
CCF foundation- Cost of living
CCF foundation- Fund it Forward
Other
Wedding and funeral fees
Grants
Hope in North East Cheshire
Macclesfield Council
Beatrice Laing Trust
Howdens
Other
Investment income
Income from bank deposits
Current reporting
period
Previous reporting
period		 Unrestricted
£
4,739
12,763
17,502
Unrestricted
£
4,133
-
-
-
-
9,347
13,480		 Restricted
£
-
2,500
10,000
-
12,500
Restricted
£
-
12,500
1,940
5,000
300
-
19,740
2023
£
3,853
3,853		 Total 2023
£
4,739
2,500
10,000
12,763
30,002
Total 2022
£
4,133
12,500
1,940
5,000
300
9,347
33,220
2022
£
540
540

5 Investment income

All investment income is unrestricted.

14

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2023 (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
Depreciation
Restricted expenditure
Unrestricted expenditure
Current reporting
period
Church office
Church office
Previous reporting
period		 Unrestricted
£
22,025
58,088
3,034
16,824
3,735
12,554
3,329
3,270
1,073
64,072
17,128
7,077
212,209
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		 Restricted
£
6,087
-
-
-
-
-
-
-
2,158
9,145
-
11,930
29,320
Restricted
£
1,820
-
-
6,167
-
-
-
-
-
-
31,535
3,891
43,413
2023
£
29,320
212,209
241,529		 Total 2023
£
28,112
58,088
3,034
16,824
3,735
12,554
3,329
3,270
3,231
73,217
17,128
19,007
241,529
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
2022
£
43,413
200,344
243,757

15

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2023 (continued)

7 Net income/(expenditure) for the year

This is stated after charging/(crediting): 2023 2022
£ £
Operating lease rentals:
Other 1 1
Independent examiner's fees (net):
Bookkeeping - 2,400
Accountancy fees 970 900
Independent examination 270 250

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
Open Doors
Simeons Trust
Silk Life Church
Community Programme
Other mission giving		 2023
£
6,500
2,000
3,000
2,500
325
2,700
1,600
500
500
200
200
-
1,100
200
4,812
-
1,975
28,112		 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

16

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2023 (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 and other		 2023
£
61,989
1,434
1,060
8,734
73,217		 2022
£
60,687
1,697
1,496
7,161
71,041

No employee has employee benefits in excess of £60,000 (2022: nil).

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

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 2023 (2022: 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 £9,614 in 2023 (2022: £8,213).

£1,750 was received by Rev James Gibson from the PCC for providing accommodation to one of the church’s interns during the year (2022: £1,200, 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 (2022: nil).

11 Government grants

The government grants recognised in the accounts were as follows:

Macclesfield Council 2023
£
-
-		 2022
£
1,940
1,940

17

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2023 (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 31 December 2023
At 1 January 2023
At 31 December 2023
At 1 January 2023
At 31 December 2023
At 31 December 2022		 Hurdsfield
Community
Hub
Building
£
347,490
24,495
371,985
5,791
19,007
24,798
347,187
341,699
2023
£
10,486
4,115
14,601
2023
£
186,109
186,109
2023
£
2,892
2,892		 Total
£
347,490
24,495
371,985
5,791
19,007
24,798
347,187
341,699
2022
£
9,428
960
10,388
2022
£
179,066
179,066
2022
£
3,794
3,794

18

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2023 (continued)

16 Analysis of movements in restricted funds

Peaced Together
Other
Total
Peaced Together
Other
Total
Previous reporting
period
BFTF- hub net asset
BFTF- hub net
asset
Hope in NE
Cheshire
Community
Programme
Hope in NE
Cheshire
Community
Programme		 Balance at
1 January
2023
£
742
229,581
6,979
1,294
-
238,596
Balance at
1 January
2022
£
867
212,737
-
-
-
213,604		 Income
£
-
-
-
27,000
1,150
28,150
Income
£
-
52,145
12,500
1,940
1,820
68,405		 Expenditure
£
(125)
(11,930)
(6,979)
(9,136)
(1,150)
(29,320)
Expenditure
£
(125)
(35,301)
(5,521)
(646)
(1,820)
(43,413)		 Transfers
£
-
-
-
-
-
-
Transfers
£
-
-
-
-
-
-		 As at 31
December
2023
£
617
217,651
-
19,158
-
237,426
As at 31
December
2022
£
742
229,581
6,979
1,294
-
238,596

19

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2023 (continued)

16 Analysis of movements in restricted funds (continued)

Purposes of restricted funds

Peaced Together A project encouraging social interaction using the creative arts.

BFTF- hub net asset

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. The net book value of the building (the residual asset value in designated funds), as these funds are not freely available for the church's operations.

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

Community Programme The aim of the project is to increase the churches engagement with the local community. Gifts and grants were received in 2023 to enable this work to be expanded in 2024.

Other

Other restricted income.

20

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2023 (continued)

17 Analysis of movement in unrestricted funds

Development Fund
Development Fund
Previous reporting
period
General Fund
Current reporting
period
BFTF
Net Zero Fund
General Fund
BFTF- hub net asset
BFTF- hub net asset
BFTF		 Balance at
1 January
2023
£
106,345
50,300
112,118
20,000
-
288,763
Balance at
1 January
2022
£
105,200
173,000
-
20,000
298,200		 Income
£
231,025
-
-
-
-
231,025
Income
£
190,907
-
-
190,907		 Expenditure
£
(169,859)
(42,350)
-
-
-
(212,209)
Expenditure
£
(86,326)
(114,018)
-
(200,344)		 Transfers
£
(37,418)
-
17,418
-
20,000
-
Transfers
£
(103,436)
(8,682)
112,118
-
-		 As at 31
December
2023
£
130,093
7,950
129,536
20,000
20,000
307,579
As at 31
December
2022
£
106,345
50,300
112,118
20,000
288,763

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- hub net asset 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.

Net Zero Fund For working towards becoming net carbon neutral.

21

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2023 (continued)

18 Analysis of net assets between funds

Tangible fixed assets
Fixed asset investments
Other net current assets/(liabilities)
Total
Tangible fixed assets
Fixed asset investments
Other net current assets/(liabilities)
Total
Previous reporting
period
Current reporting
period		 General
fund
£
-
-
130,093
130,093
General
fund
£
-
-
106,345
106,345		 Designated
funds
£
129,536
-
47,950
177,486
Designated
funds
£
112,118
-
70,300
182,418		 Restricted
funds
£
217,651
-
19,775
237,426
Restricted
funds
£
229,581
-
9,015
238,596		 Total
£
347,187
197,818
545,005
Total
£
341,699
185,660
527,359

19 Operating lease commitments

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

Less than one year
One to five years
Over five years		 2023
2022
£
£
1
1
5
5
40
41
46
47
Car Park		 2023
2022
£
£
1
1
5
5
40
41
46
47
Car Park
47

22

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
Net income/(expenditure) for the
year
Church activities		 Restricted
funds
£
48,665
19,740
-
68,405
43,413
43,413
24,992
-
24,992
213,604
238,596		 Total funds
2022
£
225,552
33,220
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.

23