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

2024-12-31-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 2024

Holy Trinity Hurdsfield

Reference and administrative information

for the year ended 31 December 2024

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 (to 28 June 2024) Reverend Elle Bird Curate (from 30 June 2024) Lay members: Richard Heathcote Churchwarden Sue Warham Churchwarden Hellen Watson Deanery Synod Representative John Burt Chris Cottom PCC Secretary Jenny Heathcote (from 28 April 2024) Tony Ho Michael James (to 28 April 2024) Anne Marriott (to 28 April 2024) Pip Mosscrop (to 28 April 2024) Ogbeialu Nkochi-Nwankwo Rachel Riley Derek Rodwell PCC Treasurer Jen Vincent (from 28 April 2024) 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 2024

The PCC presents its report and the unaudited financial statements for the year ended 31 December 2024.

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 currently has 148 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

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 2024

Parochial Church Council meetings

The PCC met six times in 2024, 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 2024 included the following.

Prayer

Discipleship and mission

Community

3

Holy Trinity Hurdsfield

PCC members’ annual report

for the year ended 31 December 2024

Kids

Youth

4

Holy Trinity Hurdsfield

PCC members’ annual report

for the year ended 31 December 2024

Other services

Social

Staffing

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 2024 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 2024.

There was an overall surplus for the year of £12,856, comprising a surplus of £14,813 on unrestricted activities and a deficit from restricted activities of £1,957. Total unrestricted income came to £256,729, compared to £231,025 in 2023.

The PCC's total net assets on 31 December 2024 were £557,861 (2023 was £545,005). The year ended with a balance of £235,469 of restricted funds, nearly all of which (£206k) were represented by the Hurdsfield Community Hub which was funded principally by restricted giving.

5

Holy Trinity Hurdsfield

PCC members’ annual report

for the year ended 31 December 2024

The church keeps its finances under close supervision and has considerable free reserves available to deal with unforeseen emergencies. The finances are reviewed at each bimonthly PCC meeting and budgets and forecasts are prepared for the current and following year when due.

Reserves policy

The PCC’s Reserves Policy is to hold free reserves (i.e. net current unrestricted assets) of three months of unrestricted expenditure. Based on 2024 levels of expenditure this would mean a target of £61k. Free reserves at the end of 2024 totalled £201k including designated funds (see note 18 for details). General funds, not designated to any projects, totalled £161k, which is over seven months of anticipated unrestricted expenditure.

Remuneration policy for key management personnel

During 2024 the PCC employed six people: a youth minister, a part-time community lead, a part-time community programme assistant minister, a part-time kids’ and families minister, a part-time church administrator (full-time from 1 June 2024), and a part-time church cleaner. The PCC establishes their employment conditions and reviews their salaries annually.

Plans

In 2024 the PCC’s plans to expand its programme of local community engagement were constrained by Home Office delays in granting a visa to our appointed community lead, Patty Lou Bryant. Now that she is allowed to work full-time, the PCC is significantly accelerating its Community Programme in order to grow relationships with more people across Hurdsfield, particularly in the parish’s most deprived areas. Through doing this, 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.

6

Holy Trinity Hurdsfield

PCC members’ annual report

for the year ended 31 December 2024

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 17 March 2025 and signed on their behalf by:

D G Rodwell Treasurer 17/03/2025

Reverend J C Gibson Vicar

17/03/2025

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 2024 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

8

Holy Trinity Hurdsfield

Statement of Financial Activities

for the year ended 31 December 2024

Unrestricted
funds
Note
£
Income from:
Voluntary income
3
231,588
4
18,520
Investment income
5
6,621
Total income
256,729
Expenditure on:
Church activities
6
241,916
Total expenditure
241,916
14,813
Transfer between funds
-
Net movement in funds for the year
14,813
Reconciliation of funds
Total funds brought forward
307,579
Total funds carried forward
322,392
Church activities
Net income/(expenditure) for the
year		 Restricted
funds
£
12,877
23,763
-
36,640
38,597
38,597
(1,957)
-
(1,957)
237,426
235,469		 Total funds
2024
£
244,465
42,283
6,621
293,369
280,513
280,513
12,856
-
12,856
545,005
557,861		 Total funds
2023
£
225,320
30,002
3,853
259,175
241,529
241,529
17,646
-
17,646
527,359
545,005

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 2024

Note
£
£
Fixed assets
Tangible assets
12
327,704
Total fixed assets
327,704
Current assets
Debtors and prepayments
13
21,377
Cash at bank and in hand
14
216,041
Total current assets
237,418
Liabilities
Creditors: amounts falling
due in less than one year
15
(7,261)
Net current assets
230,157
Net assets
557,861
Funds of the PCC:
Restricted income funds
16
235,469
Unrestricted income funds
17
322,392
Total PCC funds
557,861
2024		 £
£
347,187
347,187
14,601
186,109
200,710
(2,892)
197,818
545,005
237,426
307,579
545,005
2023		 £
£
347,187
347,187
14,601
186,109
200,710
(2,892)
197,818
545,005
237,426
307,579
545,005
2023
347,187
197,818
545,005
237,426
307,579
545,005

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

Approved by the PCC on 17 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 2024

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.

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2024 (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 are shown as a debtor at the year end.

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.

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2024 (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 £394 at the year end (2023: £157).

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

Current reporting
period Unrestricted Restricted Total 2024
£ £ £
Planned Giving:
Regular Gift-aided giving 135,028 - 135,028
Other Gift-aided donations 884 - 884
Tax recoverable on Gift-aided
giving 34,975 - 34,975
Other tax-efficient giving 27,023 - 27,023
Non Gift-aided giving 18,434 - 18,434
Collections at services:
Loose plate collections 6,621 - 6,621
All other giving:
Projects - 9,284 9,284
Other - 3,593 3,593
Legacies 8,623 - 8,623
Total 231,588 12,877 244,465
Previous reporting
period Unrestricted Restricted Total 2023
£ £ £
Planned Giving:
Regular Gift-aided giving 119,943 - 119,943
Other Gift-aided donations 10,323 - 10,323
Tax recoverable on Gift-aided
giving 33,634 - 33,634
Other tax-efficient giving 26,333 - 26,333
Non Gift-aided giving 15,250 - 15,250
Collections at services:
Loose plate collections 4,187 - 4,187
All other giving:
Projects - 14,500 14,500
Other - 1,150 1,150
Total 209,670 15,650 225,320

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2024 (continued)

4 Income from church activities

Current reporting
period Unrestricted Restricted Total 2024
£ £ £
Wedding and funeral fees 6,885 - 6,885
Grants
Garfield Weston Foundation - 10,000 10,000
Cheshire East Council - 6,327 6,327
Benefact Trust - 6,133 6,133
Other 11,635 1,303 12,938
18,520 23,763 42,283
Previous reporting
period Unrestricted Restricted Total 2023
£ £ £
Wedding and funeral fees 4,739 - 4,739
Grants
CCF Foundation - Cost of living - 2,500 2,500
CCF Foundation - Fund it Forward - 10,000 10,000
Other 12,763 - 12,763
17,502 12,500 30,002
5 Investment income
2024 2023
£ £
Income from bank deposits 6,621 3,853
6,621 3,853

All investment income is unrestricted.

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2024 (continued)

6 Analysis of expenditure on church activities

Current reporting
period Unrestricted Restricted Total 2024
£ £ £
Mission and charity giving 29,500 4,045 33,545
Diocesan contribution 60,993 - 60,993
Wedding and funeral fees 4,941 - 4,941
Overhead costs 13,792 - 13,792
Church office 4,696 - 4,696
Buildings and grounds maintenance 29,380 - 29,380
Worship 4,767 203 4,970
Kids, youth and families 3,859 - 3,859
Local mission and evangelism 1,894 333 2,227
Our people 73,293 315 73,608
Project expenditure 7,950 22,069 30,019
Depreciation 6,851 11,632 18,483
241,916 38,597 280,513
Previous reporting
period Unrestricted Restricted Total 2023
£ £ £
Mission and charity giving 22,025 6,087 28,112
Diocesan contribution 58,088 - 58,088
Wedding and funeral fees 3,034 - 3,034
Overhead costs 16,824 - 16,824
Church office 3,735 - 3,735
Buildings and grounds maintenance 12,554 - 12,554
Worship 3,329 - 3,329
Kids, youth and families 3,270 - 3,270
Local mission and evangelism 1,073 2,158 3,231
Our people 64,072 9,145 73,217
Project expenditure 17,128 - 17,128
Depreciation 7,077 11,930 19,007
212,209 29,320 241,529
2024 2023
£ £
Restricted expenditure 38,597 29,320
Unrestricted expenditure 241,916 212,209
280,513 241,529

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2024 (continued)

7 Net income/(expenditure) for the year

This is stated after charging/(crediting): 2024 2023
£ £
Operating lease rentals:
Other 1 1
Independent examiner's fees (net):
Accountancy fees 1,020 970
Independent examination 280 270

8 Mission and charity giving

2024 2023
£ £
Bron and Colin Cleaver 7,000 6,500
Johnny and Ann McClean 2,500 2,000
Tearfund 5,262 3,000
Hope in NE Cheshire 1,100 325
Cre8 Macclesfield 4,250 2,700
The Message Trust 1,700 1,600
Open Doors 1,300 1,100
New Wine 500 500
Just Drop-In 500 500
Good News for Everyone 200 200
Evangelical Alliance 200 200
Simeon's Trustees 200 200
A Rocha 200 -
Silk Life Church 25 4,812
St Chad's Mission Fund 5,000 -
Martin and Hilary Raymond - 2,500
Other mission giving 3,608 1,975
33,545 28,112

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2024 (continued)

9 Staff costs

Staff costs during the year were as follows:

Staff costs during the year were as follows:
2024 2023
£ £
Wages and salaries 73,091 61,989
Pension costs 2,158 1,434
Training 525 1,060
Staff expenses and other 9,831 8,734
85,605 73,217

No employee has employee benefits in excess of £60,000 (2023: nil).

The average number of staff employed during the period was 4.6 (2023: 3.7). The average full-time equivalent number of staff employed during the period was 2.8 (2023: 2.2).

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 2024 (2023: nil).

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

Jennie Frost was on the staff for the first two months of 2024 and was married to HTH’s curate, Rev Jonny Frost, who was a member of the PCC. They left HTH in June 2024. Jennie’s earnings (gross) came to £1,587 in 2024 (2023: £9,614).

Neither the PCC members nor any persons connected with them received any remuneration or reimbursed expenses during the year (2023 : £1,750 was received by Rev James Gibson from the PCC for providing accommodation to one of the church’s interns during the year).

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 (2023: nil).

11 Government grants

The government grants recognised in the accounts were as follows:

2024 2023
£ £
Cheshire East Council 6,327 -
6,327 -

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2024 (continued)

12 Fixed assets: tangible assets

12 Fixed assets: tangible assets
Hurdsfield
Community
Hub
Building Total
Cost £ £
At 1 January 2024 371,985 371,985
Adjustments (1,000) (1,000)
At 31 December 2024 370,985 370,985
Depreciation
At 1 January 2024 24,798 24,798
Charge for the year 18,483 18,483
At 31 December 2024 43,281 43,281
Net book value
At 31 December 2024 327,704 327,704
At 31 December 2023 347,187 347,187
13 Debtors and prepayments
2024 2023
£ £
Tax Recoverable on Gift Aid 17,003 10,486
Prepayments and accrued income 4,374 4,115
21,377 14,601
14 Cash at bank and in hand
2024 2023
£ £
Cash at bank and in hand 216,041 186,109
216,041 186,109
15 Creditors: amounts falling due within one year
2024 2023
£ £
Other creditors and accruals 7,261 2,892
7,261 2,892

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2024 (continued)

16 Analysis of movements in restricted funds

Balance at As at 31 As at 31
1 January December
2024 Income Expenditure Transfers 2024
£ £ £ £ £
Peaced Together 617 - - - 617
BFTF - Hub net
asset 217,651 - (11,632) - 206,019
Community
Programme 19,158 31,744 (22,069) - 28,833
Other
Gifts to Frosts 2,679 (2,679) - -
Tearfund bingo 889 (889) - -
Tearfund quiz 745 (745) - -
Book of Ruth (Press Red) 486 (486) - -
Pathfinders gift to Open Doors 72 (72) - -
Silklife gift 25 (25) - -
Total 237,426 36,640 (38,597) - 235,469
Previous reporting
period Balance at As at 31 As at 31
1 January December
2023 Income Expenditure Transfers 2023
£ £ £ £ £
Peaced Together 742 - (125) - 617
BFTF - Hub net
asset 229,581 - (11,930) - 217,651
Hope in NE
Cheshire 6,979 - (6,979) - -
Community
Programme 1,294 27,000 (9,136) - 19,158
Other 1,150 (1,150) - -
Total 238,596 28,150 (29,320) - 237,426

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2024 (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.

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2024 (continued)

17 Analysis of movement in unrestricted funds

Current reporting Balance at As at 31
period 1 January December
2024 Income Expenditure Transfers 2024
£ £ £ £ £
General Fund 130,093 256,729 (226,115) - 160,707
BFTF 7,950 - (7,950) - -
BFTF - Hub net asset 129,536 - (7,851) - 121,685
Development Fund 20,000 - - - 20,000
Net Zero Fund 20,000 - - - 20,000
307,579 256,729 (241,916) - 322,392
Previous reporting Balance at As at 31
period 1 January December
2023 Income Expenditure Transfers 2023
£ £ £ £ £
General Fund 106,345 231,025 (169,859) (37,418) 130,093
BFTF 50,300 - (42,350) - 7,950
BFTF - Hub net asset 112,118 - - 17,418 129,536
Development Fund 20,000 - - - 20,000
Net Zero Fund - - - 20,000 20,000
288,763 231,025 (212,209) - 307,579

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.

Holy Trinity Hurdsfield

Notes to the accounts for the year ended 31 December 2024 (continued)

18 Analysis of net assets between funds

Current reporting
period General Designated Restricted 2024
fund funds funds Total
£ £ £ £
Tangible fixed assets - 121,685 206,019 327,704
Other net current assets/(liabilities) 160,707 40,000 29,450 230,157
Total 160,707 161,685 235,469 557,861
Previous reporting
period General Designated Restricted 2023
fund funds funds Total
£ £ £ £
Tangible fixed assets - 129,536 217,651 347,187
Other net current assets/(liabilities) 130,093 47,950 19,775 197,818
Total 130,093 177,486 237,426 545,005

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:

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Car Park
2024 2023
£ £
Less than one year 1 1
One to five years 5 5
Over five years 38 39
44 45
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Holy Trinity Hurdsfield

Statement of Financial Activities for the year ended 31 December 2023

Note
Income from:
Voluntary income
3
4
Investment income
5
Total income
Expenditure on:
Church activities
6
Total expenditure
Transfer between funds
Net movement in funds for the year
Reconciliation of funds
Total funds brought forward
Total funds carried forward
Net income/(expenditure) for the year
Church activities		 Unrestricted
funds
£
209,670
17,502
3,853
231,025
212,209
212,209
18,816
-
18,816
288,763
307,579		 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.

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