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2024-06-30-accounts

Trinity Church West London

Company no. 07647780 Charity no. 1143378

Report and Accounts Year ended 30 June 2024

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

TRINITY CHURCH WEST LONDON

(also known as Trinity West Church)

COMPANY INFORMATION

FOR THE YEAR ENDED 30 JUNE 2024

Trustees

Paul Angell (resigned 6 November 2024) Alastair Cameron (appointed 11 December 2024) Malcolm Cunningham

Reuben Lewis (resigned 30 August 2023, re-appointed 4 September 2024)

Thomas Roberts (resigned 1 February 2025)

Company Secretary

Thomas Leonard (resigned 19 July 2023)

Aaron Reuben (appointed 19 July 2023, resigned 30 June 2024)

Key Staff

Malcolm Cunningham (Pastor)

Thomas Leonard (Church Manager until 19 July 2023) Aaron Reuben (Church Administrator, from 5 July 2023 until 30 June 2024)

Governing Document

Memorandum and Articles of Association updated in 2017 and 2024

Company Registration Number

07647780

Charity Registration Number

1143378

Principal Address

Registered Office

Independent Examiner

Bankers

307 Goldhawk Road London W12 8EU 307 Goldhawk Road London W12 8EU Archie McDowall BA CA Stewardship 1 Lamb's Passage London EC1Y 8AB HSBC 31 Holborn Circus London EC1N 2HR

Contents Page
Company Information 1
Trustees' Annual Report 2-6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Accounts 10-17
Detailed Statement of Financial Activities with Comparatives 18

Page 1

TRINITY CHURCH WEST LONDON

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 30 JUNE 2024

The trustees, who are the charity's directors for the purposes of company law, have pleasure in submitting the Report and Accounts for the year.

Objects of the charity

The charity is a charitable company and is governed by its memorandum and articles of association. The objects of the charity, as set out in the governing document are:

a) to advance the Christian religion in accordance with the clear and plain meaning of the Basis of Faith and the Distinctives for the benefit of the public and the glory of God; and

b) such other charitable purposes for the public benefit as are exclusively charitable in accordance with the laws of England and Wales and as the Managing Trustees consider appropriate

Summary of the charity's main activities and achievements

To further the above objects and vision, the charity's main activities and achievements were as follows:

Staff Movement

The church administration faced some significant challenges after the resignation of Church manager Thomas Leonard who vacated the seat in July 2023. Providentially, one of our own members had graduated from London School of Economics and offered to serve. Having qualifications in theology and finance, Aaron Reuben took on the reigns as Church Administrator and served until June 2024. Val Ngwena was also employed as part time admin assistant in February 2024. Providentially on a yearlong sabbatical, she was willing to give 4 months in service of the church, and even extended this by another when Aaron Reuben’s resigned. God’s supply for our administration has been a great encouragement. The pressure has resulted in refined systems and processes, and even when Val resigned, multiple members still volunteered for critical admin.

The elders also continued their search for an extra pastor who would champion the spread of the Good News of Jesus in the local community. This resulted in 27 enquiries, and 9 applications. The elders interviewed 2 candidates but decided not to proceed with either. The church remains committed to hiring a comparable role.

Page 2

TRINITY CHURCH WEST LONDON

TRUSTEES' ANNUAL REPORT

(INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 30 JUNE 2024

Summary of the charity's main activities and achievements (continued)

Community Movement

This year was one of higher community engagement on a number of fronts. A very successful fund raiser Fihavanana was organised for Good News Hospital in Madagascar. Organisers Isabelle Singh, Murray Chapman, Rupert Embleton-Smith and Ruby Cheng put together a stunning auction at the Dorsett Hotel in Shepherd’s Bush, managing to raise over £20,000 towards a much-needed maternity unit.

Trinity West Church also managed to assist 3 asylum seekers in Shepherd’s Bush in partnership with the local Hammersmith & Fulham Council. Support included searching of accommodation and the needed funding, as well as meet-ups for encouragement and prayer.

TW also partnered with London City Mission for local outreach in the neighbourhood of Edward Woods Estate. Cards and chocolates were distributed around the community over Easter, with conversations to introduce our presence and invite residents to a special Easter event. Many were grateful for this gesture, with some saying they’d been looking for a local church for a while.

Financial Overview

The church continues to maintain a strong financial position, with increasing net assets over the past year. This healthy financial status is primarily attributed to generous monthly giving from our members, continued support through one-off donations, higher than expected interest income, and lower operational costs than forecasted, largely due to reduced staffing levels.

Based on our financial stability, the membership has reaffirmed the commitment to recruit an additional pastor. As originally intended, the church aims to have two pastors serving the congregation. The second pastoral position will be fully funded for an initial period of two years and potentially extended beyond this period should monthly giving increase sufficiently.

The leadership remains committed to responsible financial stewardship while pursuing the ministry goals established by the members.

Ministry Movement

It has been a joy to see an increasing contingent of leadership in the church. New preachers from our Preaching Lab have practised their skill at morning and evening meetings. A number of members have also started leading our liturgy and worship.

Page 3

TRINITY CHURCH WEST LONDON

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 30 JUNE 2024

Summary of the charity's main activities and achievements (continued)

Significant movement was felt in our TWTeens ministry, growing to 8 regular attendees. This was double the size than in the initial years and left us surprised and humbled that the Lord should add to our ministry a number of children not from our church. Aaron Reuben and Tolu Awojobi took on the visionary leadership of TWTeens under the eldership of Paul Angell.

The eldership has accomplished good progress, but there has been a strain on capacity. Due to health concerns, Reuben Lewis resigned from being an elder and trustee of the church. Tom Roberts took up part time theological studies at Crosslands Seminary. And Paul Angell took on a new job which brought increased demand. In May 2024, Tom accepted a call to pastor Wootton Baptist Church. Tom nonetheless committed to faithfully serve on the eldership till the end of 2024, at which time he would move and take up fulltime pastoral ministry. All these movements have pressed the elders to search for new eldership candidates.

Member Movement

There was less member movement than the previous 12 months. 2 new members were added this year. 5 members resigned, having either moved away from the local area or married into another church. We also rejoiced at the addition of 2 boys and 2 girls, Rumi, Luca, Roberta and Josiah. We earnestly pray that God will use them for His Kingdom, thanking Him for the privilege of growing up in strong Christian homes. Thus, the year can be described as one of transition, growth, and God’s faithful provision, as the church navigated leadership changes, deepened community engagement, strengthened its financial position, and witnessed the development of new leaders and ministries.

In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.

Structure, Governance and Management

Responsibility for setting policy and for determining the parameters within which the charity should operate rests with the trustees who meet regularly to monitor the activities of the charity. Responsibility for the day to day operation of the charity has been delegated to a senior management team. New trustees are recruited from among the church membership.

Financial review

During the year income increased by £33,167, to £260,038 and expenditure increased by £7,698 to £238,514. As a result, there was a surplus for the year of £22,524, compared to a deficit of £3,945 in the previous year, and the charity's net assets increased by the same amount, to £302,337, of which £299,162 are represented by unrestricted net current assets.

Page 4

TRINITY CHURCH WEST LONDON

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 30 JUNE 2024

Reserves policy

The Reserves Policy of the Charity was amended in 2023 to provide a greater balance of prudence and flexibility. The church will now maintain general reserves equal to the greater of: 3 months of operating expenditure in the current annual budget; or 12 months of projected deficit in the current annual budget.

As such, the trustees have determined that the charity should aim to hold unrestricted cash of no less than £105,861 (equivalent to the 12 months of projected deficit in the current annual budget) so that the charity could continue to operate should income and / or expenditure vary adversely.

The charity has unrestricted cash as at the balance sheet date of £294,129 and is meeting this requirement.

Responsibilities of trustees under company law

The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

  5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 5

TRINITY CHURCH WEST LONDON

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 30 JUNE 2024

Approval

This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, was approved by the trustees and signed on their behalf by:

Al Cameron

Al Cameron (Mar 18, 2025 21:29 GMT)

_______ ALASTAIR CAMERON

Mar 18, 2025 Date: _______

Page 6

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

TRINITY CHURCH WEST LONDON ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2024 on pages 8 to 18 following, which have been prepared on the basis of the accounting policies set out on pages 10 to 12.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 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:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

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

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

Archie McDowall

Archie McDowall (Mar 24, 2025 12:15 GMT)

Archie McDowall BA CA Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: Mar 24, 2025

Page 7

TRINITY CHURCH WEST LONDON

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2024

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Total income and endowments
EXPENDITURE ON:
Charitable activities
6
Total expenditure
Net income/(expenditure)
Transfers between funds
12
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12		 Unrestricted
Funds
£
232,194
3,025
243,398
221,874
221,874
21,524
-
21,524
277,639
299,162		 Restricted
Funds
£
1,409
15,232
16,640
16,640
16,640
-
-
-
3,175
3,175		 Total
Funds
2024
£
233,602
18,257
260,038
238,514
238,514
21,524
-
21,524
280,814
302,337		 Total
Funds
2023
£
214,750
12,121
226,871
230,816
230,816
(3,945)
-
(3,945)
284,759
280,814

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

All income and expenditure derive from continuing operations.

The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.

The notes on page 10-17 form part of these accounts.

Page 8

TRINITY CHURCH WEST LONDON

BALANCE SHEET

AS AT 30 JUNE 2024

Note
CURRENT ASSETS
Debtors
8
Cash at bank and in hand
9
CREDITORS: Amounts falling
due within one year
10
Net current assets / (liabilities)
Total assets less current liabilities
TOTAL NET ASSETS
FUND BALANCES
12
Unrestricted Funds
General funds
Restricted Funds		 Unrestricted
Funds
£
37,283
294,129
331,412
(32,250)
299,162
299,162
299,162
299,162
299,162
-
299,162		 Restricted
Funds
£
3,175
-
3,175
-
3,175
3,175
3,175
-
-
3,175
3,175		 Total
Funds
2024
£
40,458
294,129
334,587
(32,250)
302,337
302,337
302,337
299,162
299,162
3,175
302,337		 Total
Funds
2023
£
39,774
266,664
306,438
(25,625)
280,813
280,813
280,813
277,638
277,638
3,175
280,813

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.

The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors and were signed on its behalf by:

Al Cameron

Al Cameron (Mar 18, 2025 21:29 GMT) ALASTAIR CAMERON

Date: _______ Mar 18, 2025

Company number: 07647780

The notes on page 10-17 form part of these accounts.

Charity number: 1143378

Page 9

TRINITY CHURCH WEST LONDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2024

1 Statutory Information

The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The principles adopted in the preparation of the financial statements are set out below.

The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes:

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

When donated goods, services and facilities are distributed or consumed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed or consumed are recognised as stock; donated fixed assets are capitalised.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church retreats and other events and courses.

Page 10

TRINITY CHURCH WEST LONDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2024

2 Accounting Policies (continued)

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

The cost of raising funds is not significant and has not been separately disclosed.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

d) Fund accounting

e) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Equipment Over 3 to 7 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Leased assets

Leases for assets that transfer to the charity substantially all the risks and rewards of ownership are classified as finance leases. Assets under finance leases are recognised as assets of the charity at the inception of the lease at their fair value or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation. Lease payments are apportioned between a finance expense and a reduction of the lease obligation so as to achieve a constant rate of interest on the liability.

Leases which do not transfer substantially all the risks and rewards of ownership to the charity are classified as operating leases. Operating lease payments are recognised as an expense on a straight-line basis over the lease term (unless another systematic basis is more representative of use).

Receipts of lease incentives are spread on a straight-line basis over the term of the lease; at the balance sheet date the amount of the incentive to be allocated to future accounting periods is carried forward as deferred income.

g) Pension scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

h) Taxation

The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

Page 11

TRINITY CHURCH WEST LONDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2024

i) Financial instruments

The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).

j) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

k) Critical accounting estimates and areas of judgement

The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.

3 Donations and legacies

Donations of cash and similar
Grants receivable
Income tax recoverable
4
Income from charitable activities
Church retreats and events
Fundraising events
Other income
5
Investment income
Bank interest
6
Charitable expenditure
a
Costs incurred directly on specific activities
Staff costs
Rent of premises
Ministry activities
Events
Hospitality
Books and conferences
Visiting speakers
Training
Travel
Office supplies and other premises costs
Fundraising event
Grants payable (note 8c)		 2024
£
199,294
-
34,309
233,602
2024
£
3,025
15,232
-
18,257
2024
£
8,179
8,179
2024
£
130,879
41,109
3,164
6,481
650
1,060
320
581
636
1,561
3,557
189,998
39,741
229,739		 2023
£
168,782
12,655
33,313
214,750
2023
£
5,246
-
6,875
12,121
2023
£
-
-
2023
£
133,607
39,535
3,666
12,216
821
90
150
1,484
272
2,544
-
194,385
29,460
223,845

Page 12

TRINITY CHURCH WEST LONDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2024

6 Charitable expenditure (continued)

6
Charitable expenditure (continued)
b
Costs incurred on support & administration
Governance costs
Independent examiner's fee
Other
Subscriptions and professional fees
IT, publicity, printing and other office expenses
Telephone and broadband
Insurance
Other support costs
Total expenditure		 2,460
2,460
2,469
1,820
728
337
961
8,775
238,514		 2,340
2,340
1,989
1,453
689
307
193
6,971
230,816

Total expenditure

The fee payable to the independent examiner for preparing and examining the accounts was £2,460 (2023: £2,340); in addition the charity paid £430 (2023: £120) to Stewardship for consultancy and payroll services.

c Grants payable

Grants for UK and overseas mission
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
Grants for education, including ministry training
The charity's principal grants to institutions comprised:
Acts 29
Fellowship of Independent Evangelical Churches
TrustBridge Global
Crosslinks
Impact Giving UK
Mandritsara Trust
Streetlytes
Grants to institutions for less than £1,000 each		 Institutions
£
31,741
31,741
Institutions
£
16,295
-
16,295		 Individuals
£
8,000
8,000
Individuals
£
8,165
5,000
13,165
2024
£
3,638
1,941
8,625
3,000
-
12,737
1,800
-
31,741		 2024
£
39,741
39,741
2023
£
24,460
5,000
29,460
2023
£
1,960
1,545
8,625
3,000
1,000
-
-
165
16,295

The figures for grants for the year ending 30 June 2024 includes grant obligations totalling £25,128 committed to be paid by the charity in the year ending 30 June 2025 and accrued as a liability in note 10.

Page 13

7 Analysis of staff costs, the cost of key management personnel and trustee remuneration

TRINITY CHURCH WEST LONDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2024

ysis of staff costs, the cost of key management personnel and trustee remuneration
Gross wages and housing costs
Employer's national insurance
Pension costs
Other employment benefits		 2024
£
120,371
3,350
6,893
265
130,879		 2023
£
122,168
3,962
7,240
237
133,607

The average monthly number of employees during the year was 2.5 (2023: 2.6). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise the trustees and the key staff named on the Company Information page. Total employment benefits payable to key management for the year were as follows:

Salaries and
Other
Employer
housing
employment
pension
costs
benefits
contributions
Trustees:
Malcolm Cunningham
77,981
244
3,434
Other members of key management
36,644
21
3,000
following amounts were payable in the previous year:
Salaries and
Other
Employer
housing
employment
pension
costs
benefits
contributions
Trustees:
Reuben Hunter
4,690
16
395
Malcolm Cunningham
72,540
-
3,093
Other members of key management
41,363
221
3,431		 2024
£
81,659
39,664
121,324
2023
£
5,101
75,634
45,015
125,749

The following amounts were payable in the previous year:

Reuben Hunter served as Lead Pastor of the church until 31 July 2022 and Malcolm Cunningham served as Assistant Pastor, then Interim Pastor and Pastor of the church. Both of them received the above payments for serving in that capacity, not for serving as trustees. This includes expenditure incurred by the charity totalling £35,061 (2023: £33,187) on behalf of Malcolm Cunningham in respect of the customary provision of accomodation, so that he could better perform his duties.

Page 14

TRINITY CHURCH WEST LONDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2024

8 Debtors

Tax recoverable
Other debtors
Prepayments and accrued income
h at Bank and in Hand
Cash at bank with immediate access
Notice deposits (with a term of three months or less)
itors: liabilities falling due within one year
Other creditors
Accruals
Deferred income
Grant obligations		 2024
£
34,309
5,175
974
40,458
2024
£
15,260
278,869
294,129
2024
£
1,335
2,460
1,367
27,088
32,250		 2023
£
33,313
5,175
1,286
39,774
2023
£
266,664
-
266,664
2023
£
-
2,340
-
23,285
25,625

9 Cash at Bank and in Hand

10 Creditors: liabilities falling due within one year

11 Pension commitments

During the year employer’s pension contributions totalling £6,289 (2023: £7,240) were payable to defined contribution personal pension schemes. Pension contributions totalling £730 were owing at the balance sheet date (2023: £nil).

12 Funds

During the year the movements in the charity's funds were as follows:

General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Assistant Pastor Fund
Fihavanana Fund
Aggregate of funds		 Opening
balance
2024
£
277,638
277,638
3,175
-
3,175
280,813		 Incoming
resources
2024
£
243,398
243,398
-
16,640
16,640
260,038		 Outgoing
resources
2024
£
(221,874)
(221,874)
-
(16,640)
(16,640)
(238,514)		 Transfers
in the year
2024
£
-
-
-
-
-
-		 Gains and
losses
2024
£
-
-
-
-
-		 Closing
balance
2024
£
299,162
299,162
3,175
-
3,175
302,337

Page 15

TRINITY CHURCH WEST LONDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2024

12 Funds (continued)

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
37,283
-
294,129
-
(32,250)
-
299,162
-
Unrestricted Funds		 Restricted
funds
£
3,175
-
-
3,175		 2024
£
40,458
294,129
(32,250)
302,337

In the previous year the movements in the charity's funds were as follows:

General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Assistant Pastor Fund
Aggregate of funds		 Opening
balance
2023
£
267,893
267,893
16,866
16,866
284,759		 Incoming
resources
2023
£
216,871
216,871
10,000
10,000
226,871		 Outgoing
resources
2023
£
(207,125)
(207,125)
(23,691)
(23,691)
(230,816)		 Transfers
in the year
2023
£
-
-
-
-
-		 Gains and
losses
2023
£
-
-
-
-
-		 Closing
balance
2023
£
277,639
277,639
3,175
3,175
280,814

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
36,599
-
266,664
-
(25,625)
-
277,638
-
Unrestricted Funds		 Restricted
funds
£
3,175
-
-
3,175		 2023
£
39,774
266,664
(25,625)
280,813

Page 16

TRINITY CHURCH WEST LONDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2024

12 Funds (continued)

The Assistant Pastor Fund comprises a grant, received in three tranches, made to the charity for the purpose of employing an Assistant Pastor

The Fihavanana Fund represents the income and expenditure for a fundraising event for a Christian mission hospital in Madagascar.

13 Operating lease commitments

The charity has an operating lease for its church office and for the accommodation provided to the Pastor (who was formerly the Assistant Pastor). The minimum amount payable in respect of these two leases (2023: two) is as follows:

Within one year
Between one and five years
After five years
Payments falling due:		 2024
£
25,125
-
-
25,125		 2023
£
41,000
25,125
-
66,125

During the year the charity was charged £51,021 (2023: £49,044) for its operating leases.

14 Transactions with related parties

During the year the charity:

Except as disclosed in note 7 'Analysis of staff costs', there have been no other transactions with related parties during the year.

15 Members

Each member of the company commits to contribute if the charity is wound up an amount of £1.

Page 17

TRINITY CHURCH WEST LONDON

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 30 JUNE 2024

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Total income and endowments
EXPENDITURE ON:
Charitable activities:
6
Total Expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
12
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12		 General
2024
£
232,194
3,025
243,398
221,874
221,874
-
21,524
-
21,524
277,639
299,162
Unrestric		 Unrestric Designated
2024
£
-
-
-
-
-
-
-
-
-
ted funds		 Restricted
2024
£
1,409
15,232
16,640
16,640
16,640
-
-
-
3,175
3,175		 Total
2024
£
233,602
18,257
260,038
238,514
238,514
-
21,524
-
21,524
280,814
302,337		 General
2023
£
204,750
12,121
216,871
207,125
207,125
-
9,746
-
9,746
267,893
277,639
Unrestric		 Unrestric Designated
2023
£
-
-
-
-
-
-
-
ted funds		 Restricted
2023
£
10,000
10,000
23,691
23,691
(13,691)
-
(13,691)
16,866
3,175		 Total
2023
£
214,750
12,121
226,871
230,816
230,816
-
(3,945)
-
(3,945)
284,759
280,814

Page 18