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2022-12-31-accounts

HOLY TRINITY STALYBRIDGE

Annual Report and Financial Statements of the Parochial Church Council

For the year ended 31 December 2022

Holy Trinity Stalybridge is a UK registered charity number 1144765

2022 REPORT AND ACCOUNTS FOR THE PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY & CHRIST CHURCH, STALYBRIDGE

1. Legal and Administrative Information

The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity & Christ Church Stalybridge (Holy Trinity Stalybridge)

Charity Name The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity & Christ Church Stalybridge (Holy Trinity Stalybridge) Charity registration 1144765 number Governing Documents Parochial Church Councils (Powers) Measure 1956 as amended; Church Representation Rules - contained in Schedule 1 to the Church Representation and Ministers Measure 2019 (No. 1). Independent Examiners Stewardship Services (UKET) Ltd, 1 Lamb’s Passage, London, EC1Y 8A Bank NatWest, Melbourne Street, Stalybridge, Cheshire, SK15 2JQ Correspondence Address Church Office Holy Trinity & Christ Church 19 Corporation Street Stalybridge Cheshire SK15 2JS Telephone 0161 304 9308 Email admin@hts.church Website http://www.hts.church Context Holy Trinity Church is situated in the centre of Stalybridge and, as part of the Church of England, is located in the Diocese of Chester Incumbent Rev Gary Kennaugh, 277 Mottram Road, Stalybridge, Cheshire, SK15 2JS Other staff members Rev Simon Stride Curate Rev Trevor Green Associate Minister Rev Charlie Laver Ordinand to June 22. Curate from July 2022 Ruth Snalam Youth Pastor to April 2022 Sam Patterson Youth Pastor from June 2022 Cris Trueman Administrator Keith Sidebottom Caretaker

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2022 REPORT AND ACCOUNTS FOR THE PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY & CHRIST CHURCH, STALYBRIDGE

Trustees / PCC Members serving during 2022

Role Name Note
Incumbent / PCC Chair Rev Gary Kennaugh
Curate Rev Simon Stride
Curate Rev Charlie Laver
Licensed Pastoral Worker Dave Monday
Churchwardens Paul Watkins
Lizzie Hopkins
Deanery Synod Members John Haslam From 2021 APCM to 2023 APCM
Clive Hustwick From 2021 APCM to 2023 APCM
Keith Sidebottom From 2020 APCM to 2023 APCM
Paula Chester From 2022 APCM to 2023 APCM
Alan Bolton Elected 2022 APCM to 2025 APCM
Esther Bull Elected 2021 APCM to 2024 APCM
Bex Carter Elected 2020 APCM to 2023 APCM
Barry Edge Elected 2022 APCM to 2025 APCM
Kevin Etchells Elected 2019 APCM to 2022 APCM
Seb Fetea Elected 2020 APCM to 2023 APCM
Karen Gascoigne Elected 2021 APCM to 2024 APCM
Kambiz Jaeintan Elected 2020 APCM to 2023 APCM
Trisha Jarman Elected 2020 APCM to 2023 APCM
Zac Jarvis Elected 2022 APCM to 2025 APCM
Jamie Shepherd Elected 2021 APCM to 2024 APCM
Sue Smith Elected 2019 APCM to 2022 APCM
Adele Trueman Elected 2021 APCM to 2024 APCM
Fiona Wilde Elected 2022 APCM to 2025 APCM
Co-opted Members David Carter Co-opted May PCC 2022 (Treasurer)

Responsibilities of Trustees

Responsibility for setting policy and for determining the parameters within which the charity should operate rests with the PCC, which meets regularly to monitor the activities of the charity.

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2022 REPORT AND ACCOUNTS FOR THE PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY & CHRIST CHURCH, STALYBRIDGE

Responsibility for the day-to-day operations of the charity is delegated to a staff team led by the incumbent.

Charity law requires us as Trustees to prepare financial statements for each accounting year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources for the financial year. In preparing these financial statements, the PCC are required to:

  1. Select suitable accounting policies and apply them consistently;

  2. Observe the methods & principles of 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.

We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.

We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.

Statutory Duties

In pursuing the aims described in this report the Trustees can confirm that they have:

It is our intention that no one starts a paid or voluntary role with children, youth, or adults at risk before they have received appropriate training and been taken through the DBS process. The Diocese has produced a basic level e-learning safeguarding training tool, which we ask all volunteers and staff and PCC to do. A copy of our safeguarding policy is on our website and held within the church office.

2. Aims and Purposes

The charity is responsible for co-operating with the incumbent in promoting, to the ecclesiastical parish, the whole mission of the church – pastoral, evangelistic, social and ecumenical. As followers of Jesus, we exist to love God, grow community, and serve Stalybridge.

3. Vision

Our Vision is ‘Living and Sharing the Good News of Jesus Christ’ and was launched in January 2020.

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2022 REPORT AND ACCOUNTS FOR THE PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY & CHRIST CHURCH, STALYBRIDGE

Living the Good News

Living the Good News is about letting Jesus rule in our lives. It involves surrendering ourselves to Jesus and trusting Him. We aim to:

  1. Develop Sunday worship

  2. Create a culture of prayer

  3. Prioritise midweek communities and small groups

  4. Invest in leadership

  5. Make church accessible to all.

Sharing the Good News

Sharing the Good News is about proclaiming and demonstrating the Gospel with those around us. We aim to:

  1. Make everything about mission

  2. Create opportunities to connect with our community

  3. Continue our work with Children & Youth

  4. Work for unity with other churches

5. Create new expressions of church.

How can we play our part?

Prayer

Pray for God’s Kingdom to come and for Him to give us passion for people, Stalybridge, and our world, leading us to act and play our part.

Small groups & Communities

Join a midweek small group or community to help us reproduce the life of Jesus wherever he calls us.

Invest in our Sunday gatherings

Regularly join with the church family to celebrate God at work in our week, and to be encouraged and empowered by the Holy Spirit to go wherever he places us during the week.

Frontlines

Recognise that God has placed all of us in a community, workplace, school or home and we can bring hope, life, and influence to these places.

Give time, talents, money

God asks us to release resources to see his Kingdom come. Time, talents, and money are all needed.

4. What we did in 2022

4.1 Ministry Review

We began 2022 by returning to our five-year vision launched in 2020 and spent the year focussing on the first part: “Living the Good News of Jesus Christ” and the challenge to use the year to develop good habits in our walk with God and one another. Amongst many other achievements in 2022 we:

Ministry

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2022 REPORT AND ACCOUNTS FOR THE PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY & CHRIST CHURCH, STALYBRIDGE

Children’s and Youth Work

Mission and Outreach

Collaborations

Development

4.2 PCC Review

The year 2022 saw a return to something like normality after the difficulties of the Covid pandemic. The PCC met again in person six times. The Standing Committee met twice and there were a couple of Sub-Group meetings.

The APCM took place on 9 May 2022 and at this meeting we said goodbye to Sue Smith and Kevin Etchells who had also resigned as Treasurer in March. We are thankful for all their hard work which was greatly appreciated. We welcomed back Zac Jarvis and Alan Bolton along with the newly elected Fiona Wilde and Barry Edge all of whose contributions have been invaluable. David Carter was appointed as our new Treasurer and was co-opted onto PCC at the meeting.

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2022 REPORT AND ACCOUNTS FOR THE PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY & CHRIST CHURCH, STALYBRIDGE

In June the PCC appointed a new Youth Pastor, Sam, who took over from Ruth and is continuing to develop the work and maintain good relationships both within church and the local community. She is passionate about spreading the good news of Jesus and the youth work is flourishing. The PCC is also praying about how to best develop and resource the children’s work which also continues to grow.

In July having emerged from Covid and seeing a growth in church attendance, the PCC commissioned an independent audit to see what was being done well and what needed to change to meet the needs of a growing congregation. In November the PCC Away Day took place and we looked in depth at the audit report along with the 2023 budget in order to help us better plan for the future.

During the year the PCC has supported a variety of projects aimed at reaching the wider community and showing the love of Jesus. There has been a Science and Faith Day, a Holiday at Home for older members, an Alpha course and many more. We have also signed up to the Warm Spaces Initiative to help those who are struggling to heat their homes.

With a difficult economic forecast, the PCC has looked closely at ways to best manage the church’s finances and be good stewards of all that we have been blessed with.

As the church grows, we are witnessing exciting times. We are moving closer to our future church plant with St James. People are continuing to be drawn to the church and discovering what it is to know Jesus. We have many willing workers who are serving both God and the community and we are thankful, but above all we give thanks to the loving God whom we serve.

5. Mission

Our mission partners are Africa Inland Mission, Tearfund, International Justice Mission, Open Doors, New Wine, Christians Against Poverty, Evangelical Alliance and The Message. We also support/maintain connections with the Trussell Trust, Simeon’s, Silver Cord, Kintsugi, Compassion, Winning Women Worldwide and Image.

6. Financial Review

Total income on unrestricted funds was £215,164 in 2022, compared with £182,883 in 2021. £224,840 was spent from unrestricted funds in 2022 (£215,909 in 2021) – resulting in an unrestricted deficit of £9,676 for the year. The total fund balance at the year-end was £72,317 of which £58,261 was unrestricted.

7. Reserves Policy

The PCC has determined that the charity should aim to hold unrestricted cash of no less than £50,000 (which equates to about three months’ unrestricted expenditure), so that the charity could continue to operate should income and/or expenditure vary adversely. At the year end, the charity held unrestricted cash of £57,700 (of which £1,400 was designated) – ie £7,700 above the PCC target. However, budget agreed for 2023 is expected to bring the reserve back to the target figure.

8. Risk Statement

The charity is exposed to various risks – operational, financial or reputational. The PCC reviews its activities regularly to identify significant risks and, where possible, it takes appropriate measures to mitigate those risks.

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2022 REPORT AND ACCOUNTS FOR THE PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY & CHRIST CHURCH, STALYBRIDGE

9. Quinquennial Inspection / Building Maintenance

Church

An asbestos survey was carried out a few years ago and most of the material was removed at the time. The only remaining piece of asbestos was a ceiling in the bell ringing chamber which had been noted in the last Quinquennial Inspection. A Faculty was secured, and the ceiling was removed and replaced with a plywood ceiling under the direction of our architect.

Portable Appliance Testing was carried out and all items passed successfully.

The Flagpole was re-roped to allow us to fly the “Jesus” flag.

The room previously used for the parish office was re-carpeted.

Gutters and downpipes cleared after leaf fall.

The annual service of the church heating boiler was carried out as required under terms of the warranty.

A grab handle was fixed to the wall beside the steps to the side chapel.

St Matthews

Portable Appliance Testing was carried out and all items passed successfully, and roof repairs were carried out to prevent water ingress.

10. Structure, Governance and Management

Each area of the church’s life and ministry falls under the oversight of the Vicar, PCC and staff team. The PCC draws on the blessings of the skills of many members of our church family beyond the PCC in order to help it meet its responsibilities.

10.1 Parochial Church Council (PCC)

The PCC is a body corporate established by the Church of England and operates under the Parochial Church Council (Powers) Measure and the Church Representation Rules. Members of the PCC are either ex-officio; elected representatives of Deanery Synod; or elected at the Annual Parochial Church Meeting (APCM).

The ex-officio members of the PCC are:

There was one casual vacancy for election to Mottram Deanery Synod available to Holy Trinity Church in 2022 – Keith Sidebottom having been elected in 2020. John Haslam and Clive Hustwick were elected in 2021 and Paula Chester was elected in 2022. Elections take place every three years, and the next elections will be conducted at our 2023 annual meeting. Rev Gary Kennaugh and Rev Simon Stride and Rev Charlie Laver are also members of Deanery Synod.

PCC members are responsible for making decisions on all matters of general concern to the parish including deciding how the funds of the PCC are to be spent. All PCC members are trustees of the charity. Elected PCC members serve for a three-year term, with four elected members standing down

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2022 REPORT AND ACCOUNTS FOR THE PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY & CHRIST CHURCH, STALYBRIDGE

each year. All eligible church attendees are encouraged to register on the Electoral Roll and, if they wish, to stand for election to the PCC.

It is an objective of the PCC to be broadly representative of the wider church family, in terms of gender, age, usual Sunday gathering attended and areas of ministry. Prior to the APCM, the congregation is informed of the forthcoming election to the PCC and the Deanery Synod. People are encouraged to stand for election and/or to nominate others. The congregation is informed of resulting appointments immediately following the election. Ongoing training is available to members of the PCC, particularly in areas of their responsibilities as trustees such as finance and child protection.

10.2 Standing Committee

This is the only committee required by statute. It has power to transact the business of the PCC between full Council meetings, subject to any directions given by the Council. Its membership is determined by the PCC and currently comprises the vicar, curate, PCC secretary, treasurer, the two churchwardens and two elected PCC members. There were two Standing Committee meetings in 2022 and some minor but urgent decisions were made via email and ratified by PCC.

10.3 Other PCC teams/Sub-groups

In the course of 2019 and 2020 the PCC gave delegated authority to a number of teams/sub-groups:

Buildings team

The Buildings Team is concerned with the care of the Church building and other buildings owned by the PCC, their fitments and fittings, and surrounding property, together with building cleaning and any caretaking services.

HR & Policy team

The HR & Policy team provides policies and advice on recruitment practice, performance management, employment terms and conditions, employment law and policies, and issues that emerge in staffing and training and development, ensuring that the PCC meets its legal obligations and fulfils its duty of care to its staff.

Finance team

The Finance team provides advice, support and practical guidance to the Standing Committee and PCC in relation to budgets, stewardship, and the financial position of Holy Trinity. It also supports the staff in the day-to-day operation of budgeting and financial matters, whilst discerning what is on God’s heart for His provision for the work of the Church. The Finance team works in co-operation with and supports the role of the Treasurer.

Deanery Synod Team

The Deanery Synod team was established to form closer links between the Deanery Synod and PCC and to facilitate better channels of communication between the two groups.

Ministry Team:

The ministry leaders’ team works with the Vicar in implementing the vision for Holy Trinity Church, reporting regularly to the PCC. Membership of the team is at the discretion of the Vicar.

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2022 REPORT AND ACCOUNTS FOR THE PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY & CHRIST CHURCH, STALYBRIDGE

10.4 Staff team

The staff team supports the Incumbent in his leadership of the church. In June 2022 Sam Patterson replaced Ruth Snalam as the Youth Pastor.

11. Priorities for 2023

Our priorities for 2023 are to:

12. Approval

This report was approved by the trustees and signed on their behalf by Gary Kennaugh (PCC Chair) on 20 March 2023.

Gary Kennaugh

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INDEPENDENT EXAMINER'S REPORT

TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & CHRIST CHURCH, STALYBRIDGE

('the Charity')

I report to the members of the PCC (who are also the charity's trustees) on my examination of the accounts of the Charity for the year ended 31 December 2022 on pages 11 to 21 following, which have been prepared on the basis of the accounting policies set out on pages 13 and 14.

Responsibilities and basis of report

As members of the PCC 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 Institute of Chartered Accountants in England and Wales, 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:

  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.

Sarah Crispin

Sarah Crispin (ACA) Institute of Chartered Accountants in England & Wales Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: 27 March 2023

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & CHRIST CHURCH, STALYBRIDGE

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2022

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
Total income and endowments
EXPENDITURE ON:
Charitable activities
5
Total expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
13
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
13		 Unrestricted
Funds
£
194,523
20,640
-
215,164
224,840
224,840
-
(9,676)
(6,140)
(15,817)
74,078
58,261		 Restricted
Funds
£
3,945
-
-
3,945
15,907
15,907
-
(11,962)
6,140
(5,821)
19,877
14,056		 Total
Funds
2022
£
198,469
20,640
-
219,109
240,747
240,747
-
(21,638)
-
(21,638)
93,955
72,317		 Total
Funds
2021
£
190,036
12,721
4
202,760
219,308
219,308
-
(16,548)
-
(16,548)
110,503
93,955

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

All income and expenditure derive from continuing operations.

The notes on page 13-20 form part of these accounts.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & CHRIST CHURCH, STALYBRIDGE

BALANCE SHEET

AS AT 31 DECEMBER 2022

Note
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Debtors
9
Cash at bank and in hand
10
CREDITORS: Amounts falling
due within one year
11
Net current assets / (liabilities)
TOTAL NET ASSETS
FUND BALANCES
13
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 Unrestricted
Funds
£
550
550
7,823
57,706
65,529
(7,818)
57,711
58,261
56,860
1,401
58,261
-
58,261		 Restricted
Funds
£
-
-
-
14,056
14,056
-
14,056
14,056
-
-
-
14,056
14,056		 Total
Funds
2022
£
550
550
7,823
71,762
79,585
(7,818)
71,767
72,317
56,860
1,401
58,261
14,056
72,317		 Total
Funds
2021
£
1,100
1,100
56,047
38,804
94,851
(1,996)
92,855
93,955
74,078
-
74,078
19,877
93,955

The financial statements were approved by the members of the PCC and were signed on its behalf by:

Gary Kennaugh

Gary Kennaugh (PCC Chair)

Date: 20 March 2023

Charity number: 1144765

The notes on page 13-20 form part of these accounts.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & CHRIST CHURCH, STALYBRIDGE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1 Statutory Information

The Parochial Church Council of the ecclesiastical parish of Holy Trinity & Christ Church, Stalybridge is a charity registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention. The financial statements include all activities for which the PCC is legally responsible; the activities of informal gatherings of church members and groups that owe their main affiliation to another body and are excluded.

These financial statements have been prepared in accordance with The Church Accounting Regulations 2006, 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") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

The previous year's results have been restated to reflect the change from receipts & payments to accruals accounting. The results for 2021, which are comparatives quoted in these accounts, have been restated; details of the restatement are given in note 15.

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

a) Going concern The PCC 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 PCC have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the PCC have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The PCC 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.

b) Income Income (which includes planned giving, collections and other donations) 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 by, or on behalf of, the PCC. 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 includes:

Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.

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.

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 hall lettings, church groups and church events.

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 reliably.

Contributions in respect of the diocesan parish share are included in the Statement of Financial Activities for all amounts agreed to being payable for the financial year. Any contributions that have not been paid over by the year end are included as a creditor.

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.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF

HOLY TRINITY & CHRIST CHURCH, STALYBRIDGE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

d) Fund accounting

e) Tangible fixed assets

Consecrated and beneficed property is not included in these financial statements by virtue of s.10(2) of the Charities Act 2011. All expenditure on consecrated or beneficed buildings is written off in the year in which it is incurred.

Movable church furnishings held by the incumbent and Churchwardens on special trust for the PCC and which require a faculty for disposal are capitalised in accordance with the policy set out below. These items are regarded as inalienable property and are listed in the church's inventory which can be inspected at any reasonable time. Inalienable property acquired prior to 2000 has not been capitalised as there is insufficient cost information available.

The church building and vicarage are held in trust by the Diocese on behalf of the PCC. These properties are essential for the mission of the church and have been in use for many years but they have not been included in these financial statements as there is insufficient cost information and their depreciated cost is unlikely to be material. The St Matthew's Centre is owned by the St Matthew's Trust but is used as the church hall, and is run and maintained by the church.

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 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) 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.

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

h) 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. i) Critical accounting estimates and areas of judgement The members of the PCC 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

3
Donations
Donations of cash and similar
Government grants (note 3a)
Other grants receivable
Income tax recoverable
a
Listed Places of Worship grant
Government grants comprise:		 2022
£
158,085
2,189
3,500
34,694
198,469
2022
£
2,189
2,189		 2021
£
139,889
2,922
19,877
27,347
190,036
2021
£
2,922
2,922

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & CHRIST CHURCH, STALYBRIDGE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

4 Income from charitable activities

Church retreats and events
Lettings for community use
Other
5
Charitable expenditure
a
Costs incurred directly on specific activities
Ministry expenses:
Parish share
Ministry staff employment costs
Clergy expenses
Other ministry expenses
Youth & childrens' ministry
Science & Faith project
Property expenses:
Church utilities
Church repairs & maintenance
St Matthew's utilities
St Matthew's repairs & maintenance
Clergy accommodation
Grants payable (note 5c)
b
Costs incurred on support & administration
Governance costs
Independent examiner's fee
Other
Operational staff employment costs
Administration costs
Depreciation of tangible fixed assets
Insurance
Total expenditure		 2022
£
3,937
14,197
2,507
20,640
2022
£
63,032
17,914
2,321
14,994
7,535
12,364
118,159
10,548
17,408
7,386
1,429
18,737
55,507
27,529
201,196
2,400
600
3,000
20,302
6,823
550
8,877
39,551
240,747		 2021
£
6,755
5,700
266
12,721
2021
£
61,643
26,573
3,183
8,846
6,053
-
106,298
5,192
27,486
3,543
147
17,552
53,920
25,618
185,837
1,500
718
2,218
15,505
6,750
550
8,449
33,472
219,308

The fee payable to the independent examiner for preparing and examining the accounts was £2400 (2021: £1500); in addition the charity paid £120 (2021: £nil) to Stewardship for consultancy services.

c Grants payable

Grants for UK and overseas mission
Grants for the relief of poverty
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
Grants for the relief of poverty		 Institutions
£
20,859
6,460
27,319
Institutions
£
13,900
7,868
21,768		 Individuals
£
250
250
Individuals
£
2,350
1,500
3,850		 2022
£
21,109
6,460
27,569
2021
£
16,250
9,368
25,618

15

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF

HOLY TRINITY & CHRIST CHURCH, STALYBRIDGE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

The charity's principal grants to institutions comprised:

charity's principal grants to institutions comprised:
Africa Inland Mission
Tear Fund
Butembo DRC
Christians Against Poverty
St James' Millbrook
Open Doors
International Justice Mission
Grants to institutions for less than £1,000 each		 2022
£
11,250
1,280
-
5,180
5,000
1,000
1,109
2,500
27,319		 2021
£
9,000
3,000
2,250
4,868
-
-
-
2,650
21,768

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

The average monthly number of employees during the year was 2.25 - 1.9 FTE. (2021: 2 - 1.6 FTE). 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 members of the PCC and the key staff named on the Charity Information page. Total employment benefits payable to key management for the year were as follows:

Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Members of the PCC
Keith Sidebottom
2,233
-
-		 2022
£
2,233
2,233

No member of the PCC received employment benefits in the preceding year.

Gary Kennaugh, Simon Stride and Charlie Laver (who are clergy members of the PCC) receive a stipend from the Diocese and so they are not employees; some of the Parish Share paid to the Diocese is used to help meet the cost of these stipends. Gary Kennaugh, Simon Stride and Charlie Laver were provided with accommodation (which is customary for clergy) and the cost of this accommodation to the PCC is disclosed in note 5 'Charitable Expenditure'. The charity also reimbursed expenses to Gary Kennaugh, Simon Stride and Charlie Laver; again these costs are disclosed in note 5 'Charitable Expenditure' under the heading 'Clergy expenses'.

7 Acting as agent

On occasion the charity receives money on behalf of other charities or individuals, which it banks and then pays out to these charities or individuals. This includes fee income for services and activities collected on behalf of the Diocesan Board of Finance (DBF). The income is received as agent for the charities or individuals and the income, and the related payments, are excluded from the Statement of Financial Activities; any money that has not been distributed by the year end is recognised as a creditor.

During the year the charity acted as agent for several individuals and charities and, in that capacity:

received £3,331 (2021: £1,227) and paid £2,045 (2021: £1,410)
at the year end the charity owed the following amounts:
ng the year the charity acted as agent for several individuals and charities and, in that capacity:
Chester DBF
Tearfund
Individuals		 2022
£
1,067
45
175
1,287		 2021
£
0
0
0
0

16

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF

HOLY TRINITY & CHRIST CHURCH, STALYBRIDGE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

8 Tangible fixed assets

Cost
At 1 January 2022
Additions
Disposals
At 31 December 2022
Accumulated depreciation
At 1 January 2022
Charge for the year
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021
Debtors: Falling due within one year:
Trade debtors
Tax recoverable
Other debtors
Cash at Bank and in Hand
Cash at bank with immediate access
Creditors: liabilities falling due within one year
Taxation and social security
Other creditors
Accruals		 Fixtures,
fittings and
equipment
£
7,491
-
-
7,491
6,391
550
6,941
550
1,100
2022
£
1,836
5,685
303
7,823
2022
£
71,762
71,762
2022
£
927
1,287
5,604
7,818		 Total
2022
£
7,491
-
-
7,491
6,391
550
6,941
550
1,100
2021
£
55,611
436
56,047
2021
£
38,804
38,804
2021
£
-
1,996
1,996

9 Debtors: Falling due within one year:

10 Cash at Bank and in Hand

11 Creditors: liabilities falling due within one year

12 Pension commitments

During the year employer’s pension contributions totalling £870 (2021: £1,278) were payable to defined contribution personal pension schemes.

17

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & CHRIST CHURCH, STALYBRIDGE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

13 Funds

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

Designated Funds
Book Sales
Bridge Café/He-Brews
Cascade
Holiday At Home
Trinity Tots
Youth Ministry
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Science & Faith grant
Cascade Grants
Children's Worker
Mission Fund
Sensory Garden
Tameside Community Recovery Fund
Tameside Stronger Communities Grant
Trinity Tots Grants
Youth Ministry
Aggregate of funds		 Opening
balance
2022
£
-
-
-
-
-
-
-
74,078
74,078
19,877
-
-
-
-
-
-
-
-
19,877
93,955		 Incoming
resources
2022
£
216
378
498
272
774
4,027
6,164
209,000
215,164
-
-
135
179
-
2,000
1,000
550
81
3,945
219,109		 Outgoing
resources
2022
£
(548)
-
-
(376)
(412)
(3,936)
(5,271)
(219,569)
(224,840)
(12,364)
(1,051)
-
(179)
(781)
(886)
-
(486)
(159)
(15,907)
(240,747)		 Transfers
in the year
2022
£
500
(378)
-
104
33
250
508
(6,649)
(6,140)
-
3,000
-
-
2,990
-
-
-
150
6,140
-		 Gains and
losses
2022
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Closing
balance
2022
£
168
-
498
-
395
340
1,401
56,860
58,261
7,513
1,949
135
-
2,209
1,114
1,000
64
73
14,056
72,317

The transfers referred to above were made for the following reasons:

a) from general funds to restricted funds to correctly classify grants received in previous years for restricted purposes

b) from general funds to designated funds to reflect subsidies for specific church activities.

c) from Bridge café designated fund to general funds for café supplies purchased from general funds.

Analysis of net assets by fund

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

ysis of net assets by fund
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
£
£
7,823
56,305
1,401
(7,818)
56,860
1,401
Unrestricted Funds		 Restricted
funds
£
14,056
14,056		 2022
£
7,823
71,762
(7,818)
General
funds
£
7,823
56,305
(7,818)
56,860
72,317

18

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & CHRIST CHURCH, STALYBRIDGE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

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

General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Covid 19 Fund
Science & Faith grant
Aggregate of funds		 Opening
balance
2021
£
107,104
107,104
3,399
-
3,399
110,503		 Incoming
resources
2021
£
182,883
182,883
19,877
19,877
202,760		 Outgoing
resources
2021
£
(215,909)
(215,909)
(3,399)
(3,399)
(219,308)		 Transfers
in the year
2021
£
-
-
-
-
-
-		 Gains and
losses
2021
£
-
-
-
-
-
-		 Closing
balance
2021
£
74,078
74,078
-
19,877
19,877
93,955

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
£
£
56,047
-
18,927
-
(1,996)
-
74,078
-
Unrestricted Funds		 Restricted
funds
£
-
19,877
-
19,877		 2021
£
56,047
38,804
(1,996)
General
funds
£
56,047
18,927
(1,996)
74,078
93,955

Designated Funds

Book Sales - income and expenditure from the purchase and sale of Christian books Bridge Café/He-Brews - income from the running of a lunchtime café each Wednesday Cascade - a weekly drop-in providing fellowship, games, crafts and refreshments Holiday At Home - an annual two-day event held in August for older people Trinity Tots - a parent and tots group meeting every Monday morning in term time Youth Ministry - momnies received and paid out for specific youth activities

Restricted Funds

Covid 19 fund - grants received in previous years to assist with the additional costs/income reduction caused by the pandemic Science & Faith grant - a grant received in 2021 to facilitate science-faith events across the north of England Cascade Grants - grants received specifically for the Cascade ministry (weekly drop-in)

Children's Worker - a donation has been received to help fund the position of Children's Worker Mission Fund - donations received in support of the work of International Justice Mission

Sensory Garden - a grant received in 2020 to create a sensory garden on land behind the church, for the benefit of the community Tameside Community Recovery Fund - a grant received in 2022 for a range of activities of benefit to the local community Tameside Stronger Communities Grant - a grant received in 2022 from the Council's Building Stronger Communities Fund Trinity Tots Grants - grants received in 2022 in support of the church's weekly parent and tots group Youth Ministry - grants received specific youth activities

14 Transactions with related parties

During the year the charity:

19

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & CHRIST CHURCH, STALYBRIDGE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

During the year the charity also made the following payments to, or for, related parties:

Except as disclosed in note 6 'Analysis of staff costs', there have been no other transactions with related parties during the year.

15 Reconciliation with previously reported funds

Previous accounts were prepared on a receipts & payments basis, but as the gross income on this basis is >£250k for the financial year ending 31 December 2022, these accounts have been prepared on an accruals basis. The comparatives presented in these accounts have been re-stated so that they reflect the application of accruals accounting and a reconciliation with the reserves and results reported previously follows:

Reconciliation of reserves

nciliation of reserves
Previously reported reserves, at 31 December
Adjustments arising from change to accruals accounting:
Add fixed assets
Add gift aid debtor
Add HMRC debtor
Less accruals
Re-stated reserves, at 31 December		 2021
£
38,804
1,100
55,611
436
(1,996)
93,955		 2020
£
54,849
-
55,655
-
-
110,503

Reconciliation of results

nciliation of results
Previously reported results
Adjustments arising from change to accruals accounting:
Movement on fixed assets
Movement on gift aid debtor
Movement on HMRC debtor
Movement on accruals
Re-stated results		 2021
£
(16,044)
1,100
(44)
436
(1,996)
(16,548)

20

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & CHRIST CHURCH, STALYBRIDGE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 DECEMBER 2022

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
Total income and endowments
EXPENDITURE ON:
Charitable activities:
5
Total Expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
13
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
13		 General
Designated
2022
2022
£
£
194,140
384
14,861
5,780
-
-
209,000
6,164
219,569
5,271
219,569
5,271
-
-
(10,569)
892
(6,649)
508
(17,218)
1,401
74,078
-
56,860
1,401
Unrestricted funds		 Restricted
2022
£
3,945
-
-
3,945
15,907
15,907
-
(11,962)
6,140
(5,821)
19,877
14,056		 Total
2022
£
198,469
20,640
-
219,109
240,747
240,747
-
(21,638)
-
(21,638)
93,955
72,317		 General
Designated
2021
2021
£
£
170,159
-
12,721
-
4
-
182,883
-
215,909
-
215,909
-
-
-
(33,026)
-
-
-
(33,026)
-
107,104
-
74,078
-
Unrestricted funds		 Restricted
2021
£
19,877
-
-
19,877
3,399
3,399
-
16,478
-
16,478
3,399
19,877		 Total
2021
£
190,036
12,721
4
202,760
219,308
219,308
-
(16,548)
-
(16,548)
110,503
93,955

21