REGISTERED COMPANY NUMBER: 08239138 (England and Wales) REGISTERED CHARITY NUMBER: 1149933
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2022
for Trinity Trust Team
A J Bennewith FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA 3 Wey Court Mary Road Guildford Surrey GU1 4QU
Trinity Trust Team
Contents of the Financial Statements for the Year Ended 31 December 2022
| Page | |
|---|---|
| Report of the Trustees | 1 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 to 8 |
| Notes to the Financial Statements | 9 to 15 |
Trinity Trust Team
Report of the Trustees for the Year Ended 31 December 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES Objectives and aims WITNESSING: NURTURING: MENTORING
TTT pursues a united and growing vision for God's work with young people. It is committed to working together with young people to be witnesses to them, to nurture them in faith and mentor them. It does this by providing a consistent Christian presence and role models for young people in local secondary schools, local churches and across our community. It works with people of all faiths and none providing a broad range of activities, both Christian and secular.
Public benefit
The review of activities and highlights included below sets out how TTT's work provides significant benefit to the public. This work has been and is consistently praised by local councillors, the heads, and teachers at local schools where TTT works, our local MP (and Chancellor of the Exchequer) the Police and other local bodies. This work is also highly regarded by the young people that TTT serves.
In its decision making the Board of TTT is mindful of and complied with its duty to have due regard to the Charities Commissioner's public benefit guidance when it has exercised any powers or duties to which this guidance is relevant.
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Trinity Trust Team
Report of the Trustees for the Year Ended 31 December 2022
OBJECTIVES AND ACTIVITIES Charitable activities
The Churches Together in Godalming and District formed the Trinity Trust Team in the late 1990's with the vision to deliver Christian led activities and positive role modelling for the young people in the Godalming area through church, school, and community-based programmes.
In January 2013, TTT was established as a Charitable Company and continues to meet the needs of the young people in the area through a wide range of inclusive groups, programmes and activities delivered through the established operating areas of school, church, and community settings.
TTT enjoys excellent working relationships with the town's two secondary schools, Rodborough, and Broadwater and local junior and primary schools that receive regular visits from the team as they deliver assemblies and workshops.
TTT also plays an influential role regarding community cohesion and is often invited to join multi-agency working parties relating to youth provision and youth related anti-social behaviour by local statutory bodies such as Surrey Police and Town Council. It was the consultation TTT delivered to one such working party that informed the local Town Council's decision to create a dedicated youth hub and employ a team to run it.
TTT was chosen (again) as the Town Mayor's charity of choice in 2019 and has received recognition and reward from the Surrey High Sheriff for its work with disadvantaged young people and award from the Children's and Adolescents Mental Health Service (CAMHS) for raising awareness of mental health in schools.
The Trust was awarded a five-year grant from the National Lottery in 2020 to support its work with children and young people in local communities. The National Lottery praised TTT for how it adapted its offer to comply with government restrictions on Out of School Settings during various lockdowns. From the spring/summer term 2022, TTT was able to fully resume all programmes in-person and run its popular Summer Activities Programme during the first week of the school summer holidays.
We thank the many individuals, churches and grant giving bodies for their ongoing financial support. In particular, we are most grateful to The National Lottery 'Reaching Communities' fund, the Erica Leonard Trust, and the John Bean Trust.
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Trinity Trust Team
Report of the Trustees for the Year Ended 31 December 2022
ACHIEVEMENT AND PERFORMANCE Charitable activities Some highlights of 2022
Street Evangelism: For the first time in two years the team were able to deliver a short street service to mark Good Friday. The Town Council worked with TTT and Churches Together to arrange a street closure of Godalming High Street for an hour to enable a service run by TTT to be delivered in the town centre. A short talk was given to explain why Christians see 'Good Friday' as Good, and this was accompanied by music and a drama performed by TTT. It was widely deemed to be a great success.
Moving On Workshops: The team delivers a highly valued 'transition programme' into local schools that comprises Moving On workshops for Year 6 pupils and Induction sessions for Year 7. The Year 6 workshops tackle practical issues around adapting to a new school site and managing the practicalities of getting to the right place at the right time with the right resources using interactive games and activities. The team is then on hand to help welcome the students into secondary schools on their intake days team bonding sessions. The support TTT offers staff and students at this pivotal touchpoint in the educational cycle is widely regarded and highly valued.
Summer Activities: TTT was delighted to be able to offer the most affordable and accessible summer activities programme to date in 2022. With funding from the National Lottery proving the key, the team were able to take young people, many from disadvantaged backgrounds to outward bounds and activities centres, to enjoy karting, paintballing, and aqua park, all for highly subsidised rates. The programme remains a highlight for young people and staff alike.
Regular in-person groups: It has been a highlight to be able to resume our full in-person range of groups and activities to include our after school children's club, weekly youth café, community drop-in provision, midweek youth groups and lunchtime Christian Union in secondary schools. We are in a privileged position to be able to journey alongside local young people as they grow in their faith, in educational settings and in finding their place in society.
FINANCIAL REVIEW
Financial position
We are pleased to report that, in terms of 2022, funding levels remained supportive of this vision despite the effects of the worldwide COVID pandemic. We are most grateful for the support of many individuals and organisations who have contributed to this work.
Reserves policy
TTT receives its core funding form local churches. Each year it starts with a deficit in relation to its budget and it sets out to bridge this gap through voluntary contributions and fund raising. The unrestricted reserves of TTT are around £82,000 representing over 12 months of operating income and over twelve months of budget deficit. The Directors do not consider these reserves to be excessive and are committed to using these funds if the annual budget deficit cannot be met form other sources. Should it become apparent that a combination of reserves and current income are no longer sufficient to support the charity on an ongoing basis the Directors can act to close down the charity in an orderly fashion.
FUTURE PLANS
The focus of the Trustees of TTT for 2023 is to continue to fund the vision of the charity so that its work may continue and the TTT team to continue its excellent work. The direction of the charity will continue to be led by prayer and a commitment for the team to go where God wishes them to go. The team remains committed to bringing the love of Jesus Christ into the lives of young people. The Trustees are committed to searching for further grants and other forms of financial support for TTT.
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Trinity Trust Team
Report of the Trustees
for the Year Ended 31 December 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
TTT is controlled by its governing document, a deed of trust, and constitutes a limited company. Limited by guarantee, as defined in the Companies Act 2006. The structure and governance of TTT is set out in the Memorandum and Articles of Association.
Organisational structure
The management team comprises Mr Michael Stubbs, Mrs Fiona August, Ms Siobhan Walsh, Mrs Julie Nelson, Ms Sheila Samuels (appointed July 2022) and Mr Simon Callaghan (Treasurer). Management meetings are attended by Mr Andy Poulsom, the Team Director.
The Board is actively looking for further support in the management team and to serve as a director.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
08239138 (England and Wales)
Registered Charity number
1149933
Registered office
26 Tudor Road Godalming Surrey GU7 3QB
Trustees
Mrs F C August Mr S G P Callaghan Ms S Walsh (appointed 20.9.22)
Company Secretary
Ms J A Nelson
Independent Examiner
A J Bennewith FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA 3 Wey Court Mary Road Guildford Surrey GU1 4QU
Approved by order of the board of trustees on 2 May 2023 and signed on its behalf by:
Mr S G P Callaghan - Trustee
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Independent Examiner's Report to the Trustees of Trinity Trust Team
Independent examiner's report to the trustees of Trinity Trust Team ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.
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:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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.
A J Bennewith FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA 3 Wey Court Mary Road Guildford Surrey GU1 4QU
Date: .............................................
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Trinity Trust Team
Statement of Financial Activities
for the Year Ended 31 December 2022
| 31.12.22 | 31.12.21 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 46,752 | 20,021 | 66,773 | 83,998 | |
| Other trading activities | 2 | - | - | - | 400 |
| Investment income | 3 | 51 | - | 51 | 4 |
| Total | 46,803 | 20,021 | 66,824 | 84,402 | |
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Direct charitable | 43,087 | 20,036 | 63,123 | 67,879 | |
| NET INCOME/(EXPENDITURE) | 3,716 | (15) | 3,701 | 16,523 | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 78,256 | 5,195 | 83,451 | 66,928 | |
| TOTAL FUNDS CARRIED FORWARD | 81,972 | 5,180 | 87,152 | 83,451 |
The notes form part of these financial statements
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Trinity Trust Team
Balance Sheet 31 December 2022
| 31.12.22 | 31.12.21 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | funds | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| CURRENT ASSETS | ||||||
| Debtors | 8 | 1,184 | - | 1,184 | 4,968 | |
| Cash at bank | 84,441 | 5,180 | 89,621 | 83,572 | ||
| 85,625 | 5,180 | 90,805 | 88,540 | |||
| CREDITORS | ||||||
| Amounts falling due within one year | 9 | (3,653) | - | (3,653) | (5,089) | |
| NET CURRENT ASSETS | 81,972 | 5,180 | 87,152 | 83,451 | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 81,972 | 5,180 | 87,152 | 83,451 | ||
| NET ASSETS | 81,972 | 5,180 | 87,152 | 83,451 | ||
| FUNDS | 10 | |||||
| Unrestricted funds | 81,972 | 78,256 | ||||
| Restricted funds | 5,180 | 5,195 | ||||
| TOTAL FUNDS | 87,152 | 83,451 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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Trinity Trust Team
Balance Sheet - continued 31 December 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 2 May 2023 and were signed on its behalf by:
Mr S G P Callaghan - Trustee
The notes form part of these financial statements
Page 8
Trinity Trust Team
Notes to the Financial Statements for the Year Ended 31 December 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| Fundraising events | - | 400 |
continued...
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Trinity Trust Team
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
3. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| Deposit account interest | 51 | 4 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
5. STAFF COSTS
| 31.12.22 31.12.21 £ £ Wages and salaries 51,606 56,492 Social security costs 366 1,367 Other pension costs 949 1,016 52,921 58,875 The average monthly number of employees during the year was as follows: 31.12.22 31.12.21 Charitable activities 4 4 No employees received emoluments in excess of £60,000. 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted Total fund funds funds £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 63,979 20,019 83,998 Other trading activities 400 - 400 Investment income 4 - 4 Total 64,383 20,019 84,402 EXPENDITURE ON Charitable activities Direct charitable 47,883 19,996 67,879 |
31.12.22 31.12.21 £ £ Wages and salaries 51,606 56,492 Social security costs 366 1,367 Other pension costs 949 1,016 52,921 58,875 The average monthly number of employees during the year was as follows: 31.12.22 31.12.21 Charitable activities 4 4 No employees received emoluments in excess of £60,000. 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted Total fund funds funds £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 63,979 20,019 83,998 Other trading activities 400 - 400 Investment income 4 - 4 Total 64,383 20,019 84,402 EXPENDITURE ON Charitable activities Direct charitable 47,883 19,996 67,879 |
31.12.22 31.12.21 £ £ Wages and salaries 51,606 56,492 Social security costs 366 1,367 Other pension costs 949 1,016 52,921 58,875 The average monthly number of employees during the year was as follows: 31.12.22 31.12.21 Charitable activities 4 4 No employees received emoluments in excess of £60,000. 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted Total fund funds funds £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 63,979 20,019 83,998 Other trading activities 400 - 400 Investment income 4 - 4 Total 64,383 20,019 84,402 EXPENDITURE ON Charitable activities Direct charitable 47,883 19,996 67,879 |
|---|---|---|
| 84,402 | ||
| 67,879 |
continued...
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Trinity Trust Team
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted fund £ NET INCOME 16,500 RECONCILIATION OF FUNDS Total funds brought forward 61,756 TOTAL FUNDS CARRIED FORWARD 78,256 7. INDEPENDENT EXAMINER'S FEE Independent Examiner's fee: Independent Examination Accountancy services Payroll services 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Gift Aid Prepayments and accrued income |
Restricted funds £ 23 5,172 5,195 31.12.22 £ 1,000 1,000 1,000 £3,000 31.12.22 £ 1,184 - 1,184 |
Total funds £ 16,523 66,928 83,451 31.12.21 £ 1,000 1,000 1,000 £3,000 31.12.21 £ 1,218 3,750 4,968 |
Total funds £ 16,523 66,928 |
|---|---|---|---|
| 83,451 |
continued...
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Trinity Trust Team
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
|---|---|---|---|---|---|
| 31.12.22 | 31.12.21 | ||||
| £ | £ | ||||
| Social security and other taxes | 653 | 1,289 | |||
| Other creditors | - | 800 | |||
| Accrued expenses | 3,000 | 3,000 | |||
| 3,653 | 5,089 | ||||
| 10. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 1.1.22 | in funds | 31.12.22 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 78,256 | 3,716 | 81,972 | ||
| Restricted funds | |||||
| Reaching Communities | 5,195 | (15) | 5,180 | ||
| TOTAL FUNDS | 83,451 | 3,701 | 87,152 | ||
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 46,803 | (43,087) | 3,716 | ||
| Restricted funds | |||||
| Reaching Communities | 20,021 | (20,036) | (15) | ||
| TOTAL FUNDS | 66,824 | (63,123) | 3,701 |
continued...
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Trinity Trust Team
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | ||
|---|---|---|
| movement | At | |
| At 1.1.21 | in funds | 31.12.21 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 61,756 |
16,500 | 78,256 |
| Restricted funds | ||
| Reaching Communities 3,536 |
1,659 | 5,195 |
| Youth Award 1,636 |
(1,636) | - |
| 5,172 | 23 | 5,195 |
| TOTAL FUNDS 66,928 |
16,523 | 83,451 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 64,383 |
(47,883) | 16,500 |
| Restricted funds | ||
| Reaching Communities 20,019 |
(18,360) | 1,659 |
| Youth Award - |
(1,636) | (1,636) |
| 20,019 | (19,996) | 23 |
| TOTAL FUNDS 84,402 |
(67,879) | 16,523 |
continued...
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Trinity Trust Team
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.21 | in funds | 31.12.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 61,756 | 20,216 | 81,972 |
| Restricted funds | |||
| Reaching Communities | 3,536 | 1,644 | 5,180 |
| Youth Award | 1,636 | (1,636) | - |
| 5,172 | 8 | 5,180 | |
| TOTAL FUNDS | 66,928 | 20,224 | 87,152 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 111,186 | (90,970) | 20,216 |
| Restricted funds | |||
| Reaching Communities | 40,040 | (38,396) | 1,644 |
| Youth Award | - | (1,636) | (1,636) |
| 40,040 | (40,032) | 8 | |
| TOTAL FUNDS | 151,226 | (131,002) | 20,224 |
Restricted Funds
Reaching Communities
This is a five year award to support the work of Trinity Trust Team in local communities, particularly with disadvantaged young people.
Youth Award
A one off award to enable Trinity Trust Team to support a targeted group of young people in an area of high need (Aaron's Hill).
continued...
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Trinity Trust Team
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
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