## Trinity Church Sunderland Report and Accounts Year ended 31 August 2022 1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk ## **TRINITY CHURCH SUNDERLAND** ## **COMPANY INFORMATION** ## **FOR THE YEAR ENDED 31 AUGUST 2022** **Trustees (who are also the directors)** Duncan Hellier Woods (Senior Minister) The Reverend Peter John Gaskell Benjamin Jeremy Richard Goldenberg (appointed 29 March 2022) Christopher John Gray (resigned 13 October 2021) Richard George Morley Thomas John Ream Welch (appointed 7 December 2021) **Governing Document** Memorandum and Articles of Association dated July 2013 **Company Registration Number** 08621286 **Charity Registration Number** 1154068 **Registered office and principal address** Trinity Church Sunderland Stockton Road Sunderland SR2 7AQ ## **Independent Examiner** Ajay Rajani FCIE Stewardship 1 Lamb's Passage London EC1Y 8AB ## **Bankers** The Co-Operative Bank ## **Advisors** Treasurer: Donald Kernohan Solicitors: Monro Fisher Wasbrough LLP Edward Connor Solicitors |**Contents**|**Page**| |---|---| |Company Information|1| |Trustees' Annual Report|2-9| |Independent Examiner's Report|10| |Statement of Financial Activities|11| |Balance Sheet|12| |Notes to the Accounts|13-18| |Detailed Statement of Financial Activities with Comparatives|19| Page 1 # **Trinity Church Sunderland Stockton Road, SUNDERLAND SR2 7AQ** ## **Annual Report Of The Directors And Trustees For the Year Ended 31 August 2022** ## **INTRODUCTION AND CHARITABLE OBJECTS** Trinity Church Sunderland is a charitable company limited by guarantee. it operates as an independent evangelical church affiliated to the Fellowship of Independent Evangelical Churches within the North-East Gospel Partnership. Duncan Woods was appointed as minister commencing ministry at the inauguration of Trinity Church Sunderland in September 2013. The Charity is constituted to advance the Christian Faith including: - The advancement of Christ’s Kingdom by the continued faithful teaching of the Scriptures at Trinity Church Sunderland and by the recruitment, education training and sending of gospel ministers and others around the United Kingdom and abroad to establish and renew Christian churches and ministries related thereto. - The relief of need, hardship, physical or mental distress among any persons without limitation. - Support of Christians who are persecuted by reason of their faith provided always that such support shall be non-political in nature. - The support of Christians who are engaged full-time in the missionary work of proclaiming the Gospel and in bringing others to believe in Jesus Christ and to live in accordance with his teaching. ## **CHURCH STRUCTURE** ## **Trustees** The five Trustees (who are charitable company’s directors for the purposes of company law) include the Senior Minister, two members of the Church and two who are not members of the Church. The Trustees have control of the property and funds of the Church. New trustees are appointed by the existing trustees after being approved by the Leadership Team and by the Church’s AGM. ## **Leadership Team** The Leadership Team are members of the Church and discuss with the Senior Minister all major decisions of policy and hold the Senior Minister to account for his ministry. Page 2 ## **Church Council** The role of the Church Council is to provide wise advice to the Leadership Team and the Trustees whether as provided in the Memorandum and Articles or when requested by either body. The Church Council consists of between six and twelve members of the Church approved by the general membership of the Church at Annual General Meeting following proposal by the Leadership Team with a view to appointing only those who are godly examples in their lifestyles and who have proved themselves to be in full agreement with the aims and vision of the Church and of the “Christian Faith” in Article 2 of the Memorandum and Articles. ## **Members** Membership of the Church is open to any individual interested in promoting the Objects who - signs a declaration of personal trust in Jesus Christ as Lord and Saviour in such form as the Leadership Team shall determine - signs a declaration of willingness to support and further the ministry of Trinity Church Sunderland through - praying (including whenever possible attending the main Church prayer meeting) - giving financially to the ministry of Trinity Church Sunderland - serving practically in whatever way appropriate and working in partnership with the wider church in the task of serving the church family and reaching out to the lost - signs the Register of Members so consenting in writing to becoming a member ## **REVIEW OF ACTIVITIES AND ACHIEVEMENTS** We have referred to the guidance in the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives, and in planning our activities. In particular the trustees consider how planned activities will contribute to the aims and objectives they have set. The church meets to worship God, read the bible, pray, hear the scriptures taught and encourage each other. Sunday meetings currently take place at 10:30am. During this time there is also opportunity for younger children to participate in various groups. Various activities occur during the week, including growth groups for mutual encouragement and prayer, a monthly prayer meeting, a toddler group as well as various opportunities for people to find out more about the Christian Faith. Page 3 The church supports missionary work by contributing to the financial needs of R&L B (Crosslinks) in Belgium, E&S A (Wycliffe Bible Translators) as well as another married couple in North Africa. ## **Developments** This last year was again significantly impacted by the COVID 19 pandemic although with more focus on recovery as the year went on. There have been significant developments to church infrastructure including a new roof as well as changes in governance, membership and a growing Sunday congregation. The church pastor was granted a sabbatical period of 12 weeks from June-August 2022. This report reflects our continuing desire to be a gospel church, in community, prayerfully seeking to reach our locality. Our aims remain to faithfully proclaim God’s word prayerfully aiming to **engage** people with the gospel and **evangelise** while seeking to **equip** and **establish** believers **.** All so that everyone takes the next step with Jesus. ## **Engage** The heartbeat of engagement is in organic relationships with friends, family, colleagues, neighbours. However, there are a number of church organised activities which aim to commend the gospel of Christ and meet the needs of local people. The church has continued to use the building to support the work of _FODI_ (friends of the drop in – women’s refugee support) as well as _Sunderland music for all_ . The _Wearside Recovery_ group for those recovering from addiction ceased this year due to changes within a partnership charity as well as staffing capacity at Trinity. The church continues to collect food for the Sunderland Foodbank. The _Passion4Life_ outreach encouraged different activities particularly during the Christmas & Easter seasons including an evening of training in support for those suffering with dementia in May. As Covid restrictions changed there was less use of online forums. However, the pandemic has highlighted the need for an online social media presence and further social needs in the local community. Page 4 ## **Evangelise** 3 elements have stood out over this period. First, personal contacts remain most fruitful for long standing engagement with the gospel. Second, people continue to engage and check out the Christian faith online. Third, specific evangelistic courses are almost exclusively done on a very small group basis, primarily one-to-one. _Hope Explored_ ran alongside an evangelistic Sunday sermon series in Jan-Feb 2022. However, there were no sign ups to the course. This last year saw the _APassion4Life_ mission. There was training in growth groups from October-March in the lead up to April 2022. There were practical opportunities for individuals and small groups to create appropriate events for the community. This often focussed on Christmas and Easter for example with a chocolate making evening with a local chocolatier. Church members were given the opportunity to give away a free evangelistic book to someone over the Christmas period. ## **Equip** Sunday meetings, Growth Groups and Prayer meetings remain the hub of equipping the congregation for works of ministry. There was specific training for APassion4Life in growth groups from October-March in the lead up to April 2022. The Adult Sunday School was unable to run varied streams this year. However, _Making Faith Magnetic_ with Dr Daniel Strange ran alongside training for APassion4Life in NovDec 2021. Some regional developments have supported equipping throughout the year including both a NEGP women’s conference and a men’s day at Jesmond Parish Church. ## **Establish** 4 adults have been through a church membership course in the last year reading and discussing _What is a healthy church member?_ by Thabiti Anyabwile. Children’s work on Sundays has developed with Trinity kids upstairs (4-10) and TK minis (3s and under) downstairs with creche. A new day time woman’s pastoral group began in September 2021 to serve women who could not get to Growth Groups in the evenings. A Men’s group quickly morphed into 1-2-1 meet ups on-line. The Church Prayer Diary has been refreshed with thanks to TW for updating the diary every quarter. In April/May 2022 the congregation were encouraged to undertake a serving questionnaire to help establish our giftings, how members serve the church family and better communication. Page 5 ## **Further details:** - The number of _registered members_ of Trinity Church Sunderland has increased from 46 to 51 adults over the period. The church has welcomed into membership 5 adults in this past year. There are 8 members who have moved away but remain registered members. The church includes around 55 adults under the pastoral care of 3 growth groups. A regular Sunday gathering is around 50-60 adults. There are 30 children and young adults who regularly attend on Sundays. Church attendance on Sundays has become increasingly multi-cultural. - Christopher Gray resigned as a church Trustee. CG and PG resigned as members of Trinity Church Sunderland. Thomas Welch and Benjamin Goldenberg were co-opted as Church Trustees. - From Nov 2021-Jan 2022 the church roof was replaced. Between February - August 2022 the upstairs room was redecorated & re-carpeted. LED lighting is now throughout the church building. A new projector was purchased and fitted. New lapel microphones have also been purchased to help with all age services and better sound quality for the hard of hearing. - Duncan Woods remains seconded as a Crosslands Seminary Tutor for the northeast region overseeing 5 students from different churches. Trinity Church is remunerated for the seminar days and tutorial duties for which Duncan Woods is responsible. - Duncan Woods is a member of the steering committee for the North East Gospel Partnership meeting approximately once a quarter. HC (pastor, Christchurch Newcastle), DM (pastor, Grace Church Gateshead) and MO (pastor, Hardwick Baptist church) together make up the committee. - JL was temporarily employed in March-April 2022 to carry out building maintenance. - Duncan Woods was granted a 12 week sabbatical between June-August 2022 including a study project with London Theological Seminary. This involved two aspects: Doctrine of God – attributes of mystery and eternity and a study in 1 Corinthians. The sabbatical also afforded an opportunity to visit different ministries across the country. Partnership churches across the north east region and several members within Trinity kindly served the church with regular preaching. Page 6 ## **Conclusion** Sept 2021- August 2022 has been a year to be sustained. The pandemic has impacted life and ministry significantly from which we are still learning. In brief, 2021-22 has not been a year to engage in many new initiatives and projects. This has been humbling and good for us. “Unless the LORD builds the house, those who build it labour in vain.” Psalm 127:1 ## **FINANCIAL REVIEW** Trinity Church Sunderland is financed through charitable giving raised through the membership as well as external supporters of the ministry. The trustees are very grateful to everyone who has supported the church so generously. The church’s income for the year to 31 August 2022 was £82,684 (2021: £133,964) and its expenditure for that year was £134,470 (2021: £69,751). The church has therefore reported a deficit of £51,785 (2021: a surplus of £64,213). The previous year’s income included donations totalling £68,691 (2022: £778) given specifically to help pay for roof repairs. If this is excluded, in 2021/22 the charity underlying income (being its other income) increased by £16,634 to £81,906. The money raised from the roof appeal was largely spent in 2021/22 and this year’s expenditure includes £60,578 (2021: £3,072) spent on roof repairs. In 2021/22 the charity’s other expenditure increased by £7,213 to £73,892. The church ended the year with net assets of £217,762 (2021: £269,548), which comprised fixed assets (principally the church building) of £178,943 and net current assets of £38,819, of which £36,642 (2021: £23,265) was unrestricted. ## **RESERVES POLICY** The trustees have determined that the church should aim to hold unrestricted net current assets of £20,000 (which equates to about 3 months’ of unrestricted expenditure) so that the church could continue to operate should income and / or expenditure vary adversely. At the year-end the charity held unrestricted net current assets of £36,642 (2021: £23,265) and the charity is complying with its reserves policy. Page 7 ## **RISK STATEMENT** The church is exposed to various risks - be they operational, financial or reputational. The trustees review the church's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks. ## **RESPONSIBILITIES OF DIRECTORS UNDER COMPANY LAW** The directors are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the directors are required to: - select suitable accounting policies and apply them consistently - observe the methods and principles in the Charities SORP - make judgements and estimates that are reasonable and prudent - state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements - prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation. The directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 8 ## **APPROVAL** This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, was approved by the trustees and signed on their behalf by: Duncan Woods …………………………………………………. Duncan Woods Director and trustee Date: 23 March 2023 Page 9 ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF** ## **TRINITY CHURCH SUNDERLAND ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2022 on pages 11 to 19 following, which have been prepared on the basis of the accounting policies set out on pages 13 to 14. ## **Responsibilities and basis of report** As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ## **Independent examiner’s statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Ajay Rajani Ajay Rajani FCIE Stewardship 1 Lamb's Passage London EC1Y 8AB Date: 24 March 2023 Page 10 ## **TRINITY CHURCH SUNDERLAND** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## **FOR THE YEAR ENDED 31 AUGUST 2022** |Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
Charitable activities
4
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities
5
**Total expenditure**
**Net income/(expenditure)**
**Transfers between funds**
12
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
12|Unrestricted
Funds
£
77,186
4,719
81,906
69,892
69,892
12,014
6,724
18,738
30,514
49,252|Restricted
Funds
£
778
-
778
64,578
64,578
(63,800)
(6,724)
(70,524)
239,034
168,510|Total
Funds For
2022
£
77,965
4,719
82,684
134,470
134,470
(51,785)
-
(51,785)
269,548
217,762|Total
Funds For
2021
£
131,982
1,981| |---|---|---|---|---| |||||133,964| |||||69,751| |||||69,751| |||||| |||||64,213
-| |||||64,213
205,336| |||||269,548| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing operations. The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006. The notes on pages 13 to 19 form part of these accounts. Page 11 ## **TRINITY CHURCH SUNDERLAND** ## **BALANCE SHEET** ## **AS AT 31 AUGUST 2022** |||||Total|Total| |---|---|---|---|---|---| |||Unrestricted|Restricted|Funds|Funds| |||Funds|Funds|2022|2021| ||Note|£|£|£|£| |**FIXED ASSETS**|||||| |Tangible assets|7|12,610|166,333|178,943|177,581| |**CURRENT ASSETS**|||||| |Debtors|8|12,978|-|12,978|11,193| |Cash at bank and in hand|9|30,677|2,177|32,854|86,091| |||43,655|2,177|45,832|97,284| |**CREDITORS: Amounts falling**|||||| |**due within one year**|10|(7,013)|-|(7,013)|(5,317)| |**Net current assets / (liabilities)**||36,642|2,177|38,819|91,967| |**TOTAL NET ASSETS**||49,252|168,510|217,762|269,548| |**FUND BALANCES**|12||||| |Unrestricted Funds||49,252|-|49,252|30,514| |Restricted Funds||-|168,510|168,510|239,034| |||49,252|168,510|217,762|269,548| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022. The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements. The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities for: - (a) ensuring that the charitable company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and - (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 net income or expenditure 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 financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. The financial statements were approved by the Board of Directors and were signed on its behalf by: Duncan Woods --------------------------------------Duncan Woods - director and trustee --------------------------------------- Date: 23 March 2023 Company number: 08621286 Charity number: 1154068 The notes on pages 13 to 19 form part of these accounts. Page 12 ## **TRINITY CHURCH SUNDERLAND** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 AUGUST 2022** ## **1 Statutory Information** The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page. ## **2 Accounting Policies** These financial statements are prepared on a going concern basis, under the historical cost convention. These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102. The principles adopted in the preparation of the financial statements are set out below. ## a) Going concern The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. ## b) Income Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income from donations and legacies includes recoverable gift aid, which 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. Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church events and the letting of facilities for community use. 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 accounts as they cannot be reliably measured. ## 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. 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. ## d) Fund accounting Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. Page 13 ## **TRINITY CHURCH SUNDERLAND** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 AUGUST 2022** ## e) Tangible fixed assets Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,500 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: Freehold property Over 50 years after taking account of the building's residual value Equipment Over 3 to 15 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. ## g) Taxation The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income. ## h) Financial instruments The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). ## i) 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. ## j) Critical accounting estimates and areas of judgement The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period. ## **3 Donations and legacies** |**3**
**Donations and legacies**||| |---|---|---| |Donations of cash and similar
Grants receivable
Income tax recoverable
**4**
**Income from charitable activities**
Income from letting activities for community use
Conferences, courses, events and resource sales
Provision of services to Crosslands|2022
£
60,256
5,000
12,709
77,965
2022
£
2,360
509
1,850
4,719|2021
£
100,215
11,699
20,068| |||131,982| |||2021
£
-
-
1,981| |||1,981| Page 14 ## **TRINITY CHURCH SUNDERLAND** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 AUGUST 2022** ## **5 Charitable expenditure** |**ritable expenditure**||| |---|---|---| |Staff costs, including training
Premises costs
Depreciation
Other costs
Grants payable (note 5a)
Independent examiner's fee for preparing and examining the accounts
Major building work: roofing repairs|2022
£
42,706
10,418
5,363
8,141
5,656
1,608
73,892
60,578
134,470|2020
£
42,553
5,718
4,690
6,910
5,278
1,530| |||66,679
3,072| |||69,751| The fee payable to the independent examiner for preparing and examining the accounts was £1,608 (2021: £1,530); in addition the charity paid £480 (2021: £632) to Stewardship for payroll bureau services. ## **5a Grants payable** |**Grants payable**||| |---|---|---| |Grants to support church planting
FIEC
Grants for overseas mission work
Crosslinks
Frontiers
Wycliffe Bible Translators
Other small grants for less than £1,000|2022
£
1,283
1,333
1,355
1,355
330
5,656|2021
£
1,258
1,395
1,250
1,250
125| |||5,278| ## **6 Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses** The average monthly number of employees during the year was 1 (2021: 1). 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 (2021: none). Total employment benefits payable to key management (who comprise the trustees) for the year were as follows: |Duncan Woods
The following amounts were charged in the previous year:
Duncan Woods|Wages &
salaries
37,981
Wages &
salaries
37,237|Employer
pension
contributions
3,519
Employer
pension
contributions
3,351|2022
£
41,500| |---|---|---|---| ||||2021
£
40,588| Duncan Woods served as church leader and received the above payments for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document. Page 15 ## **TRINITY CHURCH SUNDERLAND** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 AUGUST 2022** ## **7 Tangible fixed assets** |Cost or valuation
At 1 September 2021
Additions in the year
At 31 August 2022
Accumulated depreciation
At 1 September 2021
Charge for the year
At 31 August 2022
Net book value
At 31 August 2022
At 31 August 2021|Long
leasehold
property
£
200,000
-
200,000
29,667
4,000
33,667
166,333
170,333|Fittings and
equipment
£
12,771
6,724
19,495
5,523
1,363
6,885
12,610
7,248|Total
2022
£
212,771
6,724| |---|---|---|---| ||||219,495| ||||35,190
5,363| ||||40,552| ||||178,943| ||||177,581| The above long leasehold property, which is the church's building, was transferred from Sunderland Free Church to Trinity Church Sunderland in July 2013; this property has been included in these accounts at its estimated market value on the date of transfer. The lease for the property expires in December 2078. ## **8 Debtors** |Tax recoverable
Other debtors
**h at Bank and in Hand**
Cash at bank with immediate access
Petty cash
**itors: liabilities falling due within one year**
Accruals and other creditors
Grant obligations|2022
£
12,708
270
12,978
2022
£
32,734
120
32,854
2022
£
3,074
3,939
7,013|2021
£
11,193
-| |---|---|---| |||11,193| |||2021
£
85,971
120| |||86,091| |||2021
£
1,530
3,787| |||5,317| ## **9 Cash at Bank and in Hand** ## **10 Creditors: liabilities falling due within one year** ## **11 Pension commitments** During the year employer’s pension contributions totalling £3,519 (2021: £3,351) were payable to defined contribution personal pension schemes. No pension contributions were owing at the balance sheet date (2021: £nil). Page 16 ## **TRINITY CHURCH SUNDERLAND** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 AUGUST 2022** ## **12 Funds** During the year the movements in the charity's funds were as follows: ||Opening|Incoming|Outgoing|Transfers|Closing| |---|---|---|---|---|---| ||balance|resources|resources|in the year|balance| ||2022|2022|2022|2022|2022| ||£|£|£|£|£| |_Restricted Funds_|||||| |Building Fund|170,333|-|(4,000)|-|166,333| |Bible Fund|377|-|-|-|377| |FODI Fund|205|-|-|-|205| |Building Repair Fund|68,119|778|(60,578)|(6,724)|1,595| ||239,034|778|(64,578)|(6,724)|168,510| |_Unrestricted Funds_|30,514|81,906|(69,892)|6,724|49,252| |Aggregate of funds|269,548|82,684|(134,470)|-|217,762| ## **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:|||| |---|---|---|---| |Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year|Unrestricted
funds
£
12,610
12,978
30,677
(7,013)
49,252|Restricted
funds
£
166,333
-
2,177
-
168,510|2022
£
178,943
12,978
32,854
(7,013)| ||||217,762| In the previous year the movements in the charity's funds were as follows: |_Restricted Funds_
Building Fund
Bible Fund
FODI Fund
Building Repair Fund
_Unrestricted Funds_
Aggregate of funds|Opening
balance
2021
£
174,333
377
205
2,500
177,415
27,921
205,336|Incoming
resources
2021
£
-
-
-
68,691
68,691
65,272
133,963|Outgoing
resources
2021
£
(4,000)
-
-
(3,072)
(7,072)
(62,679)
(69,751)|Transfers
in the year
2021
£
-
-
-
-
-
-
-|Closing
balance
2021
£
170,333
377
205
68,119| |---|---|---|---|---|---| ||||||239,034
30,514| ||||||269,548| Page 17 ## **TRINITY CHURCH SUNDERLAND** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 AUGUST 2022** ## **12 Funds continued** ## **Analysis of net assets by fund** In the previous year, the assets and liabilities of the various funds were as follows: |Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year|Unrestricted
funds
£
7,248
11,193
17,390
(5,317)
30,514|Restricted
funds
£
170,333
-
68,701
-
239,034|2021
£
177,581
11,193
86,091
(5,317)| |---|---|---|---| ||||269,548| ## _**Information about the charity's restricted funds**_ **Building fund:** this fund was created when a church building, with a religious covenant, was transferred to the charity by Sunderland Free Church in 2013; the carried forward balance on fund is represented by the property's net book value at the balance sheet date. **Bible fund:** this fund was created from donations received to help purchase Bibles. **FODI fund** : this was created from donations received to help support the work of a drop in centre for asylum seekers and refugees, which makes use of the church building. **Building Repair fund:** this fund was created from donations received to help repair the roof on the charity's church building and on repairing damaged caused by the leaking roof. With the permission of donors, the money left over after completing this work is being used for other building work. This included improvements to lighting that cost £6,724 and this expenditure has been capitalised in these accounts. As the capitalised expenditure satisfies the restriction, £6,724 has been transferred from this restricted fund to general funds. ## **13 Transactions with related parties** During the year the charity received donations totalling £16,148 (2021: £13,235) from related parties (which includes trustees and anyone closely connected to them). Except for the reimbursement of expense incurred when acting as agent for the charity, or incurred when undertaking employment duties, no expenses were paid to (or for) the trustees. Except as disclosed in note 6 'Analysis of staff costs', there have been no other transactions with related parties during the year. ## **14 Members** Each member of the company commits to contribute if the charity is wound up an amount of £1. ## **15 Events since the balance sheet date** Some years ago the government introduced a new type of legal structure designed specifically for charities called charitable incorporated organisations ('CIO'). This new structure has several advantages and during the year the charity commenced the process of converting the charity (which is currently a company limited by guarantee) to a CIO. It is expected that the charity will complete the conversion to a CIO before the new financial year ends. Page 18 ## **TRINITY CHURCH SUNDERLAND** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES** ## **FOR THE YEAR ENDED 31 AUGUST 2022** |Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
Charitable activities
4
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities:
5
**Total Expenditure**
**Net income/(expenditure)**
**Transfers between funds**
12
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
12||Unrestricted
Funds
2022
£
77,186
4,719
81,906
69,892
69,892
12,014
6,724
18,738
30,514
49,252|Restricted
Funds
2022
£
778
-
778
64,578
64,578
(63,800)
(6,724)
(70,524)
239,034
168,510|Total
2022
£
77,965
4,719
82,684
134,470
134,470
(51,785)
-
(51,785)
269,548
217,762|||Unrestricted
Funds
2021
£
63,291
1,981
65,272
62,679
62,679
2,593
-
2,593
27,921
30,514|Restricted
Funds
2021
£
68,691
-
68,691
7,072
7,072
61,619
-
61,619
177,415
239,034|Total
2021
£
131,982
1,981
133,963
69,751
69,751
64,212
-
64,212
205,336
269,548| |---|---|---|---|---|---|---|---|---|---| Page 19