HOLY TRINITY CHURCH, UPPER TOOTING 74, TRINITY ROAD, Lof4DON, SW17 7RH REPORT AND ANLYUAL ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 Vicar The Revd Dr Andrew Davey Bank NationaI Westminster Bank pl¢. Balham Independent examiners RPG Crouch Chapman LLP Chartered Accountants 5th Floor 14-16 Dowgate Hill London EC4R 2SU Registered charlty number and title 1152212 The Parochial Church Council of the ecclesiasti￿1 parish of Holy Trinity, Upper Tooting HOLY TJuf41TY CHURCH. UPPER TOOTJNG ANNUAL REPORT FOR 2020 Arm purposes Holy Trinily PCC has Ihe respoJLsibtlity of co4)perdtiDg with the iD¢umb¢nt in promoting the whol¢ mis5i¢)n of th¢ ch1￿ch An lh¢ Paris￿ a5 well as cating for its building5 dlld financ¢s. The Parorhial Church Council IPCCI is reglsiered with ￿le CharÉty Commission Is Charity No. 1152212 and has prepared accounts ill accord￿Ce wilh tbe SiaiemeLI of liecon)m¢nd¢d Prn¢tire applicabl¢ to ¢hariti¢5 pr¢parkng *h¢ir a¢¢ounts in accordance wth the Fina]Kial R¢porfJDg Sian&r(1502. Objoctlves aryl a¢ttTAtles Th¢ PCC is coz]2miLted to enabling a5 m￿Y people as po88tble 10 worship at Out church and to t*¢ome part of our patS8h ¢ottynulliiy kt Holy TriDity. Thc PCC n￿￿ntaInS ao overview of wor$hip IhrouEh{k￿ th¢ parish. Our3¢rvi¢e5 and worthip put faith pra¢ti¢¢ through praycr3ndscriptur4 tllU5ic aiid s&cran￿￿t. When platmibE OUT aclivities for the y¢ar. tho PCC haye ¢onsi&ttd the CoFTrmission's wid8n¢¢ publi¢ kncfit and. In particulai.the $P￿lfIe guid9nc¢ chariiies for1head￿neemtttl ofre11￿Ott. In particular, we ty to enableordirtary people 10 li￿ Ibut Ih¢ir faiih as part of ovr parish community throu8h worship and prayer, pastoral ure and misston and commtanaly involvemem. As part of thi5 work it is importanrto mainthin the kbtic of the buildin Achlev¢m¢Mts alld performance. In th¢ y¢ar Ihe PCC ￿a8 c4)nliDued kn opetate $1$ gTOUP Struttur< whostr nttmes and fuiJctiOJk4 are bllsed upon our Vision 5￿teMen1, namely Growing Up into GLXI IlearnillE, worship and 1)tE￿gyj, GrowiThgTog¢th¢r in ChristlpastOTal care andsocial ¢vemsl and Growing Out ijto the CommuDity I￿￿5510￿ and ¢omlliwJiLy involv¢Jnenl}. The church 15 keento offera rallgeof seTViCeS ovei thecoursc oftheyearthat Ih¢communilyfind6orhb¢n¢ficial andspbritually fulfilljng. FIX exampl¢ Lent provid¢s a quE¢l, intimel¢ an(1 reft¢ctiv¢ ¢nvironmuil for worship wtu.lsl Easter5¢rvi¢es joyful attd upliftittg. Covid.19 has howev¢r impa¢t¢d a¢ros8 all areas of the ¢hutd]'s life. inwolviD8 the Vicar And the tEadeTshsp Team in consid¢rabl¢ cr¢ativc aciivity. Th¢ Chuxh has an'opell, door polity aThJ wlls ovailable for prnyer Jnd ret]¢clion¢vy day with all being w¢lcomc to allcnd our tegLElaT seTViCCS unlil mid March 2￿0. After lockdown, the church ￿-opened for piivaie prayer in mid June and has r¢mained so evcr sinc¢. It re4>petsed for s￿thy seNice$ irt L socially dL'Staryl fornwl from July until ¢3rly January lapllrt frorn the Novembei lockdo￿) when the d¢ci51Qn tp G105¢ again wa5 lak¢n. Worship on-line was cr¢atively provid￿ in Ih¢ interÈm attd sr>me seivic¢5 thol w¢r¢ held w¢r¢ Iiv¢-stream¢d. The 2020 APCM ￿ postponcd so no utxlat¢ providcd on the church electornl roll figure5 pre¥ented •1 the 2019 APCM. being 90 membe￿. of Mthom 33 were resident in the patisl4 and 57 non-T￿Ident. The average weekly counr wheD ser￿¢t$ wete held was tllwtscted but IIK servi¢¢s WCTE rc&lly aPPT¢¢iated by thox who weK &blt 10 allend. The Carol SeTvice a[￿ the Crib Service at christ￿￿8 were both held online. A talettdar of online stic]￿ ¢v¢Ats Contrilyrted towards th¢ overdll total ot'£8.652 gtvcft to other chonties last y¢tr. It 15 the PCC'5 policy 10 ensure morjits raised and given to good causes eolltttes lo IOY¥ of our income. The parish magAiill4 which is produ¢¢d monthly is fFC¢ of chargE keeps parishioners Inform￿ of m&ttets affccting the hurch and i$ tsn our w¢bsit¢ which as at www.hol li￿ni1 ertoolin .uk. and g2ves full details of all our a¢tivtties. Our Outr¢a¢h projects to 8upporl people with deTnenliaaDd their carers through a Dementia Worship ar￿ Clov¢r Caf¢ 5¢S5YO held oll¢e a moDth on Sundays in Ehe church. our weekly Carer 2nd Baby Cjroup ITriniry Tots) and our volunteer-lod Mentsl Healih G￿uP Ithe weekly Thursdoy aubl all eontinued I￿[11 the do0￿ were ¢lo5ed by Covid-19. The Thursday Club met again between July and NoveiDbeT w¢ Iwk forwaTd lo th¢m Jll ￿￿penIng ID 2021 Webenefitfvomtho use of IheChur¢h H￿1$and0t￿¢rf&cI1i1l¢5. which wereadminisfered bythe BenefL¢eAdministrator, ZoTah BaÈg. Zorah 9150 Wovtded support fo[ the weekly Trinity HDtnvle55 Support Café. the hatne1essT￿S outreach projeL* which is partly 8rant fi￿de1]. Sh¢ has ￿et} fle￿blY furlotsghed during Cowid.19_ Wilh the Vicar dep4rting af￿ Easter. ihc church will have inierregnum ia 2021. Page I HOLY TRINITY CHURCH, UPVER TOOTING ANNUAL REPORT FOR 2020 Ictd) FlnAn¢lal R￿0￿ UÈJTestrided fLthd4 in 2020 a% per th¢ St&emenl of FirwrKial Activities showed 9 5vrplu5 for th¢ y¢yf of £11535 12019: Ioss £3,1901. Contribuiillg lo this 15 the net income arising the Glenburtiie Ro¥d property of £22.01812019.. £16.216}. which was left to Ihe chur¢h as pail of the Taylor tk¥acy. Af*r rnakin8 PIOV15i9a for lh¢ tnaint¢nauc¢ of the prop¢rty i15¢1f, the balance of this in¢om¢ was spliÉ arr055 the Tower Projeci and lh¢ 6¢￿ra1 Building FuThd. The rest of the unrestiicted funds comprise the General Fund of the church which showtda deficit forthe yearof £9.48312019.. £19,406). This deficir had beenbudgeled for and to be met from tlie s￿rPluS on the Flalls Account hBd not the Tower Fund reqtsired additional rS￿ding. Pianr*d giving through envelopes and standing orders fell by 1.6Q/o {2019.. 1.80/0 rise duri￿￿ the year). Overall giving including tax Iccovcry wa5 4Yo bclow th¢ 2019 IOLII. Th¢￿ tesults ￿rE G[ttl1￿¢ BlVel] th¢ prtentlol iTnpa¢t of the coronavi[￿. The PCC hod d￿ld¢(f to reduce Ihetr conirtbuiion 10 the diocese. The Parish PledEt was £53,9(rf) in 2020, a decre&%e of2% ov¢rth¢ previo￿ year's pledge of £55,0(X>. This Itigely provide5 for the Stipends and housing of Sothhwark cletgy. There wgs a stJrplus of £33,40412019.. £40,4561 OJJ the Chur¢h Halls anthher good result given the ￿let￿l•l and a¢luaJ iTnpact of tk Coronavin￿ on hall bookings of which ￿1.752 ￿Ent to the TOWBT PrDjeEt and £1,652 {2019.. £21.050) ￿ the G¢n¢rAI Buitdiog Fulld. The Gen¢rul 3uilding Fund * the end Dcibe yt&r stood at rtil12019.. £102,33LI. Thtr accumulalcd balan¢e fTOm prior ytsts wasiransf¢rr¢d tothe Tower Project. the Towttclockwas repaired and monies wete sp¢nion utgthtrepatrworks to the North & sO￿h Porches ne¢essiiating a contsibution of £1,560 from the geD¢ral fvnd. Th¢ T0￿r PrOj￿t hAS b¢en a major capital project but was sub£l4ntaally compl¢t¢ by Ik¢ year elld wilh exp¢ndiiure lotall￿g £481k. It had been agreed thai net income from rhe Halls and from Glenbumie Road lettings would be div¢rt¢d lo the Froiect up to th¢ ertd of August. Wotk ha$ piogtes¥ed through the use of the Metbodr$l Chapel Aid lean facility With further monies beins diverted fro￿1 the Hlllls and fron) Gcneral Funds to match expeDditL]r6 to the ¢nd of th¢ y¢8r. we￿ will rompl¢t¢ in 2021 with net costs still io com¢ of £14k. This will brillg total projtct expendiwre to just over £500k. Overall fu2Mls stood at £389,892 arth¢ of the yeardowL fiem£550,406 th¢ p[e￿Ou8 ytaT as a t¢sult mginiy of th¢ Tower Proi¢ci. Of tht5 £9836812019.. £1073111 was spent providing Chymian ministry. Fund-r•151ng polley Th¢ chuT¢h's approach lo fund-rai￿n8 is lo cary tlll¥ ¢)ut IR lin¢ with its Christian value& Any app¢aY is launch¢d by th¢ PCC l¢d by J ffj¢mbw of ilL¢ church thsignated by the PCC. Fund-raising acuwties are di$¢uss¢d at PCC mettitw $0 that we ¢att montiol pro8re$5 and maua8e k¢y FiskB. Wc enswe those ￿1$1￿8 fund5 are properly briefed and ktK)w who they rqx)rtto. We follow the law and are open and accountable abpul the monits tatsed. No complaints urr¢ T¢¢tiv¢d about the church's fundraising attiviti¢5 dwing th¢ year. The chuTch h*5 a Safegj￿d￿g poljcy to protect vdJ2erthl¢ iDdividuals 2nd oiljer illeniF¢rs ofthe public 2nd a privacy ￿licY displayed on the ivebsile and abidcs by these p)Iicics during th¢ cwrx ofits fvnd-raisin8 acovitics in order to wev¢iit undu¢ pr¢55ur¢ on and unxasonabl¢ behaviour I0￿rIJS individuals. Restrve$ pollty Ir is PCCp)licyto maintain ab•lan¢e tnutsresiiiciedfulldg wbich equates toai least fourmonthsunrestri¢tedpaym¢nts.roughly ¢quivaleni to £33,000, ie coveT calls on furtdg that may arise frotn timc lo lime. The actual 8eneral ieswes ai December r¢pr￿ent¢d just over one monihs uKrestricied paymeni& It is the PCC'S iThi¢niion ro rcixlilding these r￿rVeS during 2021 and st3rt repawng The MCA loats. DesigThaled atLd Restricted funds are h¢ld a5 oijilined in Not￿ I l and 12 to th¢ kncowiis R¢5¢rves are )nvest¢d wih the CBF Church of En81ood tkposit Fund Page 2 HOI.I' TRINln' CFIURCH, UPPF.R TOOTING .4NINV.4L REI)ORI' bOR ?112V le¢dl Struclurè %ovcrth#tttt aijd m*ii#8tM¥enr -IhL inclliiid 0f#ppoiiilii￿1ir of PCC i11r￿be15 ii.%cI Dill iii Ihc cli1￿£17 R￿￿.5¢114￿11oII RulLts. All illcmbcri of the cottsr¢lliiioii aTe e￿o[wa&j¥d 10 ¥C¥i%lci' Ilie LlcLi0i￿f Rnll lor PLL. Th Pl'.C' 1% r¢spoi)sible mAkin&b d¢¢i51On% ￿ all ￿￿11¢[5 ofsiM¢ral inipDriancL' io parish in¢liidi#¥ ia liai¥ Ihl, fuiiJs ofiiiL PCC lli'e its be sF¢ni. The fiill PCC m¢1 ¥ iiiFK's diinn¥ Ihc ￿#r. MiAisiry *rvup5 lhiil re4uiird Aftd rLwrtcd its Iliw PCC. Tli¢ liiiniylry bYUJIIP ICI￿er$ ar£ Jali¢ Mi iIIT&T&n IGrowiii¥* Ui) ￿10 Godl. Jcaii Coopcr{CroivinbToLtdhcrin cl1￿¥1} and the Vicar (Gmiwiitv Oiit i￿0 TIIL. CliurLhll'ardLllb i￿￿￿]bL.1.4 nfihL' BiiilJsiibS LoinniillL'I'. fiwsal Illaiitf.4 dLYII i%'i(h by thi TT¥'a¥iir¢'i-iiriili occ.￿l011￿] 411d intoi'nial advicc gi￿￿ ivhcii riquc5t¢d. AppLiils dL'oili iviili by die PCC J.5 ivhcii IiCCLS5slly. ITI h&Jilion. miiiistry group leadcrs iiTrcci iviih Ihe L5ikirclil￿ardi￿5. Ihe Iiccn5¥d L'lcrov Ilic R¢adcrs io ttiriiTr Ilit LL%idL'f5hip .1 rca5urcr211dcoiivcncs t1￿ ToivLr14iblic ÈnbbgTiniLiii (sruiip. Truste¥. 5r&t¢inent of tesponslbiliry ID reltttioJJ to th￿ &ttounls l Jisc105e at ¥n)' Illll￿. Wjth wasoimblc 4¢ciiraty, IhL t1#￿￿n¢tal of Ilie Clianty Eil rhai IIRK. tlie regi11r￿'1nel7lff prcKrib¢d bl. re¥tthJiioii% In￿￿. by Ili¢ Secreiiiry of SiJie. AdDtiJJi¥tr4tli'L' Ittformairo M¢ftib¢rs ofihc PCC ar¢¢iiliwcX￿rI1liO orckL'lidbyThenDniilll parJuhiJl ¢liurLh IAPCMI fjr¢tropiLxI bv itK lIcc￿d n￿.111b¢15 111 ilL¥{lrdan￿c iviih ilie Cliiirnli Rvpr¢s¢rtfalI(￿ RiilL$. Thc 2LI?11 APCK.l iv.i% p¢Jsiwnod uotil 14 ?11?1 diiL Icl The Revd Dr.4iidiriv ¢lii'Ky Th¢ Tl¢K,d Sarah Jack-son (unril DecLinb¢rl Uihcr C'lergy Church M ￿rdeRs= Mr% fLr¢liili Hordon r* JrJn C(M￿r DlocY$*Th SINod DL'4NI'ry 51.nud I r Ben Slw'rwood Dr Judith CiTrle* Ilm l-L,briiaTy ?1) Irs jai￿ Milliydii Mr% YvunK Pani of11￿4¢0￿jDIS. Pa98 6 Flof b'"rRIKrT I. ( III"RC11. I'PPI è iowThc, YAlluilJlL. (4Tr .Nrl I,l¥L￿[ES-. i¢kr F'.T Re>ÉMdL HOLY TRINITY CHURCH, UPPER TOOTING NOTES TO TIIE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 l AccoufaING POLICIES The principal a¢¢ounlillg policies adopie4 judgements and key sources of ¢stimation uacertwnty in the Preparation of ihc aecovnts are as follows-. Bas1$ of prepar#tloR Of3c£o￿￿ts The accounts have bceEJ prepared io giv¢ a 'tru¢ and faEr' view and have departed from the Cliarities {Accout]ts and Repons) Regulation5 2008 only to ihe ¢xtent required lo provide a 'iru¢ and fair, view. This departurc has involved lollowing the Ch￿ltieS So1￿ {FRS 102) published on 16 July 2014 fdther th3n thc Accounting and Reporting by Char&tie5.' Statement of Reeommended Practice effrctive frorn l April 2￿5 which has since been withdrawr. The PCC is a public benefii entity wilh the meaning of FRS102_ The ac¢out)ts have been prepared under the historical cost convention ex¢epi for ihe valuation of investment assets, which ate shown al mark¢l valu¢. Tht aceounts include all transactions. assets alld liabiljties for which the PCC L5 re5POn5ible ill law. They do no¢ include ihe accounts of church groups that owe thcir main affiliation to another body, noi those that are illfomial gatl)eriugs of church membcrs. The accouxts have been prepared GBP and all amounts have becn munded to the ntsvest £. Prepar#tioTr of the gccounts on a golng ¢on¢ern b951s During the year the church h&d net ExrK￿dIturC of £160.514 tnainly as a result of the planned Tower Project 12019.. net expenditrjre of £77,648). The churcli has budgeted to achÉeve a Sn￿1] deficit on ordinary activitie5 in 2021 which will be covered by currcnt reservc5. Th¢ church has beell impacted by Covid-19. The PCC have been regul￿lY monitoring and reporting on the potential impact of Cvvi&19 the chulrh since March 2020. and have been taking the apptvpriatt action to mEtigate a5 far as w)ssible any immediate and ongoing financial and opeialional IMP￿1. The areas wid¢r review include th¢ provision of Th'OTship. the tO￿T prtsj¢¢t, halls activities, the irnpa¢t 01) tash flow, and the care and ￿fety of ehurch members in follothing Gtsvernment regulations relating 10 the pattdemic. As suc the PCC constders that all appropriate st¢P5 have been tak￿ to dale. The members of the PCC are not aware of any circurnslances which ]night affect the going concern status of the church in the foreseeable future. For ihis reason the members ofthe PCC are of the opinion that the church can be considered & going concern for the fO￿$¢eable futt]re, this being a period of at le85É 12 months from thc date of approv&1 of the balance sheet. Fund5 Unrestricledfvnds filnds Set aside by the PCC that are not subject to any restrictiorjs re8arding their use and available for application on the general purposes of the PCC. DesrgnoledftiAd¥ ar¢ general funds set aside for & porticularpuwose by the PCC. They are also unr¢stri¢ted. Res11'ici¢dfund.¥ represent la) income from bequests which nrdy be expended only on those restricted objttis provided the ternis of the bequest, and (b) doThations oi grants receiv¢d for a specific objocl or invited by the PCC for a specific obje¢l. Th¢ funds may only be expended on the specifi¢ object for which they we]E given. Any balance remaining unspellt at the end of the year must be canied forwatd as a balance on that nd. Page 8 HOLY TRINITY CHURCH, UPPER TOOTING IYOTES TO THE ACCOUNTS {ctd) FOR THE YEAR Eh'DED 31 DECEMBER 2020 I ACCOUNTlf4G POLICIES (Ctd) Income and ¢Ddoivments All Tncomt ts recogtt15ed In the Ststemettt of Financial Actiyities onee the PCC has entitlement io tlic income, it ts probabl¢ that th¢ inconje will be received aTrd the atnounl of incorne recekvable can be measured reliably. Donalions a￿d¢aPila1sour¢e Collections are recognised whet) rtteivcd by or on bEhalf Of th¢ PCC. Planna giving rectivable und¢r gift aid is reCo￿lS¢d only when received. lrtcome tax recov¢nble on gifi aid donations Is recognised when the income is recognised. Grants and legacies to the PCC are accounted for a5 si)on as the PCC is notified of its legal entitlemenL the amount due can be n]ea5ured reliably and its llltin￿te re¢eipt by the PCC is ¢onsidered protrdble. Funds raised from events by such as Ihe Chtislm2s Fair ale accowited for 8ro&% i.e. brfor¢ any relat¢d costs that may have been d¢du¢ted frtsm the gross proceeds. Otherordinory incoJ*e Rental income from the letttng of church premises and other buildings Is recogt)i5ed whert the rental is due. IkKoMef*om invesipnenls Divid¢nds are accounted forwhett due and payable. Interestentitlements are accounted f(Trr as they accrue. Tax recoverable on su¢h iiicome is recognised in thc same accountlllg year. Expenditsre Liabilities are recognised in the Stal¢ment of Financial A¢tiVilies as expenditure as soon a5 there 15 a legal or construettve obligatioji committiE)8 thc PCC to that expet￿llure, it IS PTobable that bettle￿￿lIt will be r¢iiuiTed and the amount of the obli8aÈion can be measured reliably. Governonce costs include costs of the prepardlion and examination of staiutoryaccounrs, the cost$ oftrllstee meetings and cost of anylegal adwce to trustees on governance ortonstitutional tnatters. Gr&#Espwtsble Gr4Lnts and donttttons are a¢counted for by the PCC once there is a legal or constructive obligation to make a paymcnt to a third party. it is probable that settlement will be required and th¢ amount of the obligation can be measured reliably. Aclivilies directly relaiiNg io ihe work ofthe church The dtocesan shaw is accounted for whett rAid. Any parish share unpaid at 31 December is provided for in th¢se a¢eowit5 as an operational (though not a legall liability 21id is shown as a ¢reditor io the Balance Sheet. Irrecoverable VAT IrrecoveJ8ble VAT 1$ charged as a Cosi against the activity for which the expenditure wa5 incU￿e Page 9 HOLY TRJNITY CHURCH, UPPER TOOTING NOTES TO THE ACCOUNTS (etd) FOR THE YEAR ENDED31 DECEMBER2020 I ACCOUNTING POLICIES {ctd) Ftxed assets CoiJsecr&r6dppoperty &ndvJovuble chuirhjiirtsishings. Consecrated at￿ beneftced pioperty is not inclu(kd Èn the account5 in acrordarkce with s.1012) (a) and (¢) of th¢ Charities Act 201 Moveable church fi￿)iShingS held by the Vicar and cliU￿1)wardCnS on spceial trust for the PCC and wkn'¢h require a faculty for dispo￿1 are accounted are inalienable property. They are listed in ￿1£ chureh's inventory which can be inspected (at any ￿asonable time}. For inali¢nable property a¢quired prior to l January 2000 there is insufficient ¢ost information available and therefore such assets are not valued in the a¢cout)ts. Items acquired since l January have been capitralis¢d and depreciated in the accounts overtheir cutrent anticipated useful ctonotnic life {initially over 4 year51 on a straight line basrs. All expenditure incuttd during the year on coDsecrdtcd or beneficed buildings, individual iltms under £I.000 01 on the iepair of moveable church fumishEngs acqlkired before J j￿uarY 2(K)O is written off. Propej'ty The house currently let at 59 Glenburnie Road. London SW17 7NG is irtcluded at value at the date of beque plus refvrbishment costs. No provision has been made for depreciation a5 tbe PCC Co￿l￿er the propety to of greater valuc c￿trentlY than when initEally recognhsed. OiherfLziures.fiÉlings Lyndoffice Équiptrienl Equipment used within the church premlses is depreciated on a straight-line basis Over 4 years. Individual items of equipment with o purchase pri¢¢ of £l.(W or less ar¢ written off when Ibe asset is a¢qutr¢d. Hallf¢Yiures undfilling Hall fixruffs #nd fitting5 are depreciated on a strdigjit line basis over 10 years. Indtvidual iteins of equapment wtth a purcl)ase price of £l,(K)O or less are written off when th¢ 2sS¢t is a¢quiT¢d. Chuych orga The organ purchased in December 2004 is estitnatcd to have a useful life of tweTaty years. As such li has been depreciated on a 5tr&ight line basis tsver twenty years. against the organ depreciatiott reserve. con￿¢￿¢t￿g in January 2005. Invcslntenl.f Investments zre valued at market valu¢ &1311)e¢ember. Amounts tswing to the PCC at 31 December in respect of fces. rents or other incorne are showryj a5 debtors le55 proviston for amounts that may prove uncollectsble. Stock is included ai the lower of ¢osi or net realisable value. Short lerm d¢p)sit$ include cash held dcposil ¢ithcr with the CBF Church of England Funds or al the bank. Page 10 HOLY TRINITY CIIURCII, UPPER TOOTING IYOTES TO THE ACCOUNT.$ Ictdl FOR THE YEAR ENDED 31 DECEMBER 2020 I ACCOUNTIFIG POLICIES (ctd) FRnamci#l ittstrument$ The ¢hur¢h only has financial assct5 and financial liabilities of a kind that qualify as basic financial ittstTument5. Basic financial instruments are irritially recognised at trdnsaction value and subsequently measuTcd at their settletnent valu¢. Debior5 TTa& and other debtors are reco8nÈsed at ihe settlement amount after any trede discount offcTrd. Prepayments are valued at the amount prepaid net of any trade diseounts dllt. Cwh andcagh equivLylenis Cash at bank and in hand includes cash and short term highly liquid investments with a short moturity of tI￿ee months or less from the date of a¢qtsisition 01 opening of ihe deposit or similar ac¢ounL Liabililies arFdprovisions LiabilitiEs are re£ognised when th¢re is an gbligatioh at the Balanrx Sheet date as a result of a past event, it is probabl¢ that a rTansf¢r of e¢onomic b¢nefit will b¢ required in settlement, and the amovnt of Ilie s¢ttl¢m¢nt can be cstimated ￿1]liblY. Liabilities are r¢cognised at the amtsunl ih£lt the ¢hari¢y anliripal¢s il will pay s¢tde ihe debt or the amtsuDt Lt has received a5 advanced payment5 forthe goods or seTViCeS it must Provide. PIovLSLOllS are measured at the best e5tim8te of the amoull15 T¢quired to settle the obligatiOEL Where the efftct of the time value of rnoney is matcrial. the provision is bascd on the pr¢5ent valu¢ of those amounts, discounted at the pre-tax discount rate that reflects the rÈsks specific to the liability. The unwinding of the diKount 15 reco8niscd within interest payable and similar char8es. Pagell |**HOLY TRINITY CHURCH, UPPER TOOTING**
**NOTES TO THE ACCOUNTS (ctd)**
**FOR THE YEAR ENDED 31 DECEMBER 2020**
**2 INCOME**
_2(a) Donations and legacies_
Planned giving
Christian Giving with tax recovery
Income tax recoverable on Christian Giving
Other Christian Giving
Loose collections
General donations
Wider ministry
Congregational collection : Easter lilies and flowers
Listed Places of Worship Grant Scheme - vat recovery
Grants - Tower Project Appeal fund
Grants - North Aisle Project fund
Grants - Job Retention Scheme (Furlough)
Grants - Support Café
Grants - Southwark Diocese
Grants - Thy Kingdom Come'
Legacies
Donations - Tower Project Appeal fund
_2(b) Church activities:_
Church halls lettings
Glenburnie Rd lettings income
Magazine sales
Service fees and collections
Purchase of new hymn books
Trinity Tots user contributions
Thursday Club user contributions
Insurance claim re repairs to Ladies Toilets
Bank compensation and sundry
Benefice Office income
_2(c) Other trading activities_
Magazine adverts and sponsorship
_2(d) Income from investments_
Interest
**TOTAL INCOME**|Unrestricted
Designated
Restricted
TOTAL
TOTAL
funds
funds
funds
FUNDS
FUNDS
2020
2019
£
£
£
£
£
56,294
-
-
56,294
56,714
13,585
-
-
13,585
14,154
1,780
-
-
1,780
2,300
877
-
-
877
2,509
304
-
-
304
546| |---|---| ||72,840
-
-
72,840
76,223
-
-
6,932
6,932
5,526
145
-
-
145
977
676
249
925
2,891
-
-
24,160
24,160
80,200
-
-
5,000
5,000
-
1,283
2,638
1,168
5,089
-
-
1,000
1,000
-
419
419
-
-
-
-
-
100
8,333
8,333
-
-
-
14,589
14,589
1,625| ||83,696
2,887
52,849
139,432
167,542| ||-
51,087
-
51,087
69,967
25,573
-
-
25,573
21,258
41
-
-
41
42
668
-
-
668
1,919
-
-
-
-
150
-
-
-
-
412
-
-
-
-
1,319
278
-
-
278
6,500
100
150
250
-
-
-
-
-
135| ||26,660
51,237
-
77,897
101,702| ||460
-
-
460
260| ||460
-
-
460
260| ||195
-
-
195
732| ||195
-
-
195
732| ||**111,011**
**54,124**
**52,849**
**217,984**
**270,236**| Page 12 HOLY T]UNITY CH￿￿¢tH, UPPER TOOTING NOTBS TO THE Accouprrs (dd) FOR TRE YEAR EIYDED 31 VECETrIBER 202 U>￿¢s1n(t￿ nds R¢$iri￿e4 runds TOTAL FtnqD5 2020 FiWDS 2019 3 EXPENDITUR 3(u) CINirdJ uaiiif4L ExpenyL¥ offundffdsin¥ forwider fftiDi$try Wldcr mini$try- (S￿¥50t¢ 141 C4rtrAnd Bthy Group (Tnnity Toisl Momrlc55nEss Ppij&# {Supw)rt Coftl MÈnTd Hdlh (Thut%dayClub} rkniensia Ptt>jLK* (clov￿ Ccfe 9J 6.839 93 $.652 275 249 421 2.417 2.425 2.483 9.lOQ Rupwing cwrx Millistry.. I￿sh Plcd8¢ t1￿.Y & laywadu5 eKprA JnsyraA Huing. liBbt¢ng tt¢ OrBhniSIS. nlU5TG org Churth m#lntfflunce4nd ArchiivJ*B fr MOS￿nC<051% WoT5hip {Owwing ¥Jpl M15STon l(l￿)wIng Ihrt) P25toYal ToBdhul Flowas G¥dcA and iw1$ I￿r￿l&l￿n oforga Othttcosis 53.9DD 552 7.8l6 53.9fP) 552 35.QQO 6,707 4.981 3.461 6.275 791 1.256 929 6,$46 7,373 1,056 2.525 6.275 791 929 239 2,090 239 2,090 390 82.845 39 CliwcNi Ptulls CleaDillg Refuse ¢olleL*iOn Admi￿1￿1￿0[ 9,228 9.228 1.723 5.355 2,360 16.028 3.029 6,321 2.304 2.422 5.3S5 Z.36D 2D.720 Chii*di Lcadct51iip Tea vic￿e Offipy cxpcrists, & tdcphonc 0¢x¢fi(t0ffi￿ upcnso¥. tquipm¢ni & lel¢phoM¢ As$t Clw & l¢lrpknn B￿Cri(C photO￿pIer￿￿rn1i10Tr TntLryCSt piyabl¢ Towtt P￿jett L B¢ncfi¢¢ Admin151￿Ior Cw¢maTrcccg515". W¢p¢ndoy ExJmin&s fcES 1.92J 1,923 2.010 914 725 86 273 738 273 788 67 2.396 1.800 Perfve￿SIS 59 Glenbu￿1￿ I￿*ing & tunning Iwts TDwuprojtd ¢Wt$ Rwfrep* ep3iL% tts Toil¢t Clor& North & SDutb Pp¥th ttp&tg Nortli cwL% RdiliDg of church tloor 152.663 3A.749 177.768 3.265 7.272 2,963 &913 13.907 28,875 S,446 288 44.195 246 753 TOTAL OF CHURCH ACTtVlT 126.727 53.29S 378.3•D 347.517 50) Ra*Sihg Fuhrb ChThsfian Giving <4sts Towyr TOTAL OF RAISINts FUNDS 297 197 TOTAL EXPENDITURE 126.717 498 P8oo 13 HOLY TRINITY CHURCH. UPPER TOOTINC NOTES TO THE ACCOUNTS (ttdl OR THE YEAR ENDED 31 DECEMBER 2820 4IR} STAFF COSTS 2020 2019 w￿¢$ at￿ 5alatiY8 Gross salllry Itss grdlli$ utsd¢TJob R￿￿{10￿ S¢li#n¢ lfvrjoughl 12.942 6,376 6.566 Dutin8 ikt yeat Èhe PCC employcd a part4ime *15111nlStrnor. The BenefiLf Adminis¢RtOl 15 sh￿1 with St AuBu51inds PCC. D￿riDg the coutse of t1￿ yeat g￿lS Job Ra￿110# Scheme rclaiiDg to rhe shuittg of tbe thinis¢AoF With St Augustine's PCC amounitsl io £1.287. 4(bl PAYMENTS TO PCC MEMBERS Thc membLY5 of the PCC did not elAtm any or rcmunmtion for IhLYr wort( o# behalf of Ihc PCC in ihc yoy. S FIXED ASSETS FOR USE BY TEIE PCC T￿sible fixryj a5SttS Fred￿ld land Cliurch & building$ uipm¢rni Organ H311s fixiur¢s and fiIiiDS5 Total Cost At l 2020 Additions in the DisposJl$ in Eh¢ ytrj Ai 31 tk£t4nber 2020 364,964 23,695 14.334 404.190 1.45£ 364.9(A 2.655 23.695 DryELYialion At l 2020 Chwge for Ihe year Disposal$ in lh¢ y¢4r At Jl E)waniw202Q 17,772 14.334 33,303 1,458 273 957 Nd Bwk v￿lle At 31 Dccanbcr 2020 370.887 Ai 31 t)&¢￿ber20I9 3fy1.964 5.923 The house at $9 Gl&ibumit Ro&J kn iwt r&let v)Mm￿l8[1Y to provide irt4)me forthethurth. The tttYteAi market volue of the p￿t￿tY is Én the E4ion of £992.0W. ChuTcb a knlf-51we of J copy prillt￿ F*ru*y 2012 and a bolf-share of a pboto¢opi ENJ¥ghl En Mw¢h 2020, boih ofwhith are housed rhe Benefjce Office at Holy Trinity. The church organ was ins(Alltsl in Dttember 2rJ04 dep￿illt￿ January 2005. l fjx￿￿ fiiiings indyd¥ 2009 p4)d ate fislly 6 STOCK 2020 2019 8ertEfitt Offiit 5t4tiO11 Rcfre5hrn￿ts ￿nestl￿* 589 24 24 24 7 DEBTORS 2019 2018 tTrwme tax tecovethlc Shat•l oxwses of Unitd Benefice ￿ be rLYmbuJ5wJ B£nefite Offi¢e Ill￿￿¢ List￿ Platts of WoT5hip G]art ScbEm¢ - HfvIRC Job ReienlioD Scherne wi d Prepayments and ac£rucd 1￿CoMe Prepaymehis th &Ytued ibcomo ￿h￿l Hdl rthi du¢ 3.798 .767 4.208 1.505 4.555 645 30.286 1.688 Page 14 13.676 HOLY TRINITY CHURCH, UPPER TOOTINC NOTES TO THE ACco￿s Ict&) FOR TIIK YEAR ENDED 31 DECEMBER 202 CREDITOBS FALLING DUE ￿￿THIN of*E YEAR 2010 1019 H￿1 dwits ￿￿1 In advanre Amv41s fwldl ¢XPth$c5 Widermittislry grnils coll￿10￿5 lo bc ptsd to thHriLiE5 fowtt Fund Exwditur¢ Oth¢rwdiioTS allit ￿¢t￿lIS 2.750 2.500 9,W2 4.743 3.608 23.682 I(￿.093 9 CREDITORS FALLING DVE AFfER MORE THAli ONE YEAR 2020 frorn MdWi$i Ch•KI Aid W¥¢AbkovLY IS yo*s 70.709 Thc loan is Ibe GILnbwnic Rord wa% US￿ the TowuPrDjLfi. IITr FINANCIAL INSTRUMENTS 2020 2019 Finln¢ial ¥rnffiiscd costs 2.961 Fiwn¢Jal li*il¥iirs mwur 202D 121a) Mows f&nily fv￿d 121bl DIm￿ti￿ Projrn% Iclovttcofrl Cutrt Swrt Gwp 12{cl Church Cwt F￿tsd 12{d) RoDfR¢￿*Th Fund 12(e> HOrn￿e￿neSS Olli￿￿ (Swrt Cllfel 1210 Tower pts))￿ Fu￿j I￿) North Aisle 2lh) WiduMitiis¢ry Ifjrkntsl 547 ?50 446 547 750 Id461 13.9691 12.168) (38.749) (5.446) 38.749 5.QQO 446 52.849 1.297 12P} k) 2011 idona¢i¢)11 ofU,000 from ih¢MNw f￿llY in mOni£512Q19" £nil)MYrE5PEni thi5 121G) 2015 4 doll￿70￿ ofE125D T¢(¢iv¢d i¢w•ds iW¢ tb¢Worth￿￿kofIbC Sum of£446 was in ihcyvwl2019.. &)ill th* fvlly utilisin8 ¢hi5 fvnd. 12101 Th¢ RoofRwt P￿1￿. 2Q15. vjos ￿￿1$hEa in 2Q16. tTr 2017 o fi￿1 Eml vf£6.990 LPOW RODfR￿lIrs S A B￿1 Df£l.Oth) WLS from lh¢ TW¢ AlmhouJ¢ Chkniy tow*th th¢TnniLy Suppffi Café. Also sum of£i,168 cl￿￿*3 und¢Yth¢ &vcmmliit's Jab R￿￿￿tIDn SchcJn¢ A sum olQ.16S Swi if* Il1¢YeAr￿ a Pts>Jc¢t sUPPDtt WoJk(t fully ulillsi￿gthc gr￿1 121Q This *bE tlfth yew ofih¢Tow Projed Fund Appeal 5p￿1t1￿1Y the nyoii. ￿￿￿tr￿enl &id ofthefouyr. GmTrts of£24.IM from theN￿l￿n￿ knllay H￿l￿ge Fund Utilised In t]￿y￿ Incs>m¢ rws¢J in %hcy¢4Y b} th¢Apptrdl lo1￿1¢& £14.589 Q019..£1.Q5I was no ￿nd￿SIng expa￿lture (20Ig.. £￿1) wAp&ilure oa proj• wojks ot138.749 (2019. £91.7541 in tlicyar lea￿ll8 aWan¢¢ofhil at Ihry¢Md. 12ts1 Works th¢rKojea ID StnpiLlVC thE North Aisle 5pK¢￿ ih¢bac* tyfth¢ ¢hurth i45t￿l èklgthl7xtkbc￿ Fdxw 202D. A gmi 4f£$.OOQ W&% ￿(￿V(d frofft Mttshail'$ Ckniy ili¥ was fully uti13¢d in Iheye Page 16 HOLY TRINITY CIIURCH. UPPER TOOTING r40TES TO THE ACCOUNTS 1¢4ti FOR THE YEAR ENDED JI DV.CIMBER 20211 12 RESTRicfED Ftil¥D5 Ittdi 12(hl Dwing 2020 £6,932 (2019.. £5.526 fva5 fdIS￿ to￿￿$ Widtt Ministry giving AftereKpenthtutEof £93 12019-. n75X £6.83912019.. ￿.251) wa5 lo charity. S