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2022-08-31-accounts

Trinity (Methodist/United Reformed) Church

90 Hodford Road, Golders Green, London, NW11 8EG

TRUSTEES’ ANNUAL REPORT

for the year ended:

31 AUGUST 2022

Trinity (Methodist/United Reformed) Church Charity N[o ] 1155990

Contents

Page
Trustees' Report 3-6
Declarations 7-8
Statement of Financial Activities 9
Statement of Financial Position 10
Notes to the Accounts 11-19

2

Trinity (Methodist/United Reformed) Church Charity N[o ] 1155990

The Trustees of Trinity (Methodist / United Reformed) Church (‘Trinity’) present their Annual Report for the year ended 31 August 2022.

1 Objectives and activities

As a single congregation Local Ecumenical Partnership, Trinity's objective is to advance the Christian faith in the community, in accordance with the practices of the Methodist and United Reformed Church (‘URC’) denominations. The Trustees takes their responsibilities to the Charity Commission seriously and follow their guidelines concerning public benefit in relation to charitable objectives. To this end we bear witnesses to God's love for his people in Golders Green, either independently, or together with other churches and faith communities.

To achieve our objective, Trinity engages in a range of activities, including worshiping God through prayer, song and other acts of worship. It also organises and resources regular public acts of worship that are open to Trinity’s members and non-members alike and promotes the teaching of the Christian faith through sermons, courses and small groups as well as staging other events and services. Other activities include mission and evangelism, pastoral work including visiting the sick and bereaved, provision of facilities with a Christian ethos for the local community, including but not restricted to the elderly, the young and other groups with special needs. Trinity also provides chaplaincy services to local care homes and other institutions as appropriate as well as supporting other charities in the UK and overseas. Whenever possible, Trinity supports both inter-denominational and inter-faith work engaging in dialogue to promote harmony and understanding between diverse groups in our Golders Green community.

2 Achievements and Performance

From September 2021 pastoral oversight at Trinity has been exercised by the Revd Dr Martin Wellings, Superintendent Minister of the Barnet and Queensbury Methodist Circuit. Sharing a minister with two other churches has meant that the role of the Leaders (Stewards/Elders) and pastoral team has remained vital in organising Sunday worship and co-ordinating pastoral care for the congregation. In addition to the minister, services have been led by Methodist Local Preachers and by members of the church, as well as invited guest preachers. The pastoral team has been tireless in keeping in touch with members, many of whom have remained cautious about returning to onsite activities. The Filipino Fellowship has continued to meet each Sunday afternoon, and to offer musical contributions to morning worship as well. With the gradual relaxation of Covid 19 pandemic restrictions and a growing sense of returning to normality, familiar events in the church programme have resumed. Rebuilding the church’s confidence and restoring its sense of mission will, however, take time, hard work, and prayer.

3.1 Financial Performance for the year

The recorded surplus of £5,225 for the year followed the easing of restrictions and compared favourably with last year’s deficit of £5,875; the improvement directly attributable to increased income which more than offset higher expenses. The former at £85,953 was 58% above last year (2021 ~~:~~ £54,235) with trading activity (rentals) of £64,204 up 58% on last year (2021: £40,541) underpinning the rise. Inflows also benefited from restricted donations earmarked for refurbishment of a church room and a grant received to upgrade audio visual equipment. Expenditure for the year (£80,728) increased by 34% (2021: £60,110) mainly due to higher utility and maintenance costs. Unrestricted net current assets at yearend (£88,743) compared favourably with last year (2021: £85,478); the gains explained by higher debtor and cash balances which more than offset increased liabilities. Trinity’s total reserves/fund balance at the period end stood at £5,542,640 (2021: 5,537,175) comprising liquid assets of £13,364 (2021 £10,981) and property assets of 5,529,036 (2021: £5,526,194)

3

Trinity (Methodist/United Reformed) Church Charity N[o ] 1155990

3.2 Reserves policy

Trinity’s reserves policy aims at ensuring that unrestricted reserve funds cover six to nine month’s expenditure however, despite improved results for the year, recurring deficits in preceding years meant Trinity remained short of this target.

3.3 Going Concern

Whilst uncertainties remain about income and cost levels, the Trustees believe Trinity has sufficient funding for its short-term requirements. Some of the issues are discussed in the next section.

3.4 Risks and Uncertainties

The lifting of the Covid pandemic restrictions has improved the outlook for Trinity with membership numbers holding up and early signs that attendances are improving. However, despite the improved environment, uncertainties remain. On the income side, it remains unclear as to whether offertory collections will revert to pre-pandemic levels. Similarly for hall and room rentals whilst cancellation rates have dropped significantly and enquiry levels have picked up, whether these positive factors translate into higher income is yet to be confirmed. The main risks on the expenditure side derive from inflationary pressures which affects day to day expenses and the program for building repairs; the latter delayed by the pandemic. A new quinquennial survey may also identify new repairs to be undertaken so further impacting on costs.

4 Structure, governance and management

Trinity was established by the amalgamation of Golders Green Methodist Church and St Ninian’s URC on the 30 September 1979. As a Local Ecumenical Partnership, it is governed by its constitution adopted on 7 July 2013 and is part of the Barnet & Queensbury Methodist Circuit (BQMC) and Thames North Synod of the URC. The Church registered as a charity with the Charity Commission on 3 March 2014.

The titles to Trinity’s Buildings are held by the Trustees for Methodist Church Purposes (TMCP) as Custodian Trustees. The Church Building is held on Trust for the benefit of Trinity whose Trustees are the Managing Trustees. However, the beneficial ownership of the Manse is shared between BQMC and Trinity in the ratio of 75% and 25% respectively, with BQMC acting as the Managing Trustees. The management of Trinity’s buildings is governed by the Methodist Church Act 1976, the Deed of Union and the Model Trust Deeds of the Methodist Church.

The Trustees are also members of Trinity’s Church Council, membership of which comprise office holders, the Minister, other ex officio members and representatives appointed by Trinity’s members at the Annual Congregational Meeting. Trinity operates within a statutory framework of regulation and seeks to ensure that it follows Methodist Standing Orders. Trustee meetings are held at least once a quarter and they report to Congregational Meetings at least once a year. Trinity is supported by a parttime administrator (the post is currently vacant) and a dedicated group of lay volunteers. The Minister is appointed on a rotational basis (normally every 5 years) using the denominational-specific process of the Methodist or United Reformed churches. The new minister appointed on 1 September 2021 is from the Methodist denomination.

4

Trinity (Methodist/United Reformed) Church Charity N[o ] 1155990

5 Reference and Administrative Details

5.1 Name of the charity

Trinity (Methodist/United Reformed) Church, Golders Green

5.2 Charity registration number

1155990, registered in England and Wales

5.3 Principal Office

Trinity Church, 90 Hodford Road, London NW11 8EG

5.4 Treasurer

Mrs Charlotte Silwizya

5.5 Names of Trustees

The following served as Trustees throughout part or all of the year 2021-22 or were Trustees at the time of this report being approved:

Rev’d Dr Martin Wellings (Chair) Mr Ivan Bonnett Mr Eric Brown Mrs Elaine Brown Mr Adrian Chang (resigned June 2022) Mr BitrusDanboyi Ms Minny Gilles Ms Encarnacion Manalili Mrs Janet Morrison Ms Theodora Matey (appointed August 2021) Mrs Charlotte Silwizya (Treasurer) Mrs Georgina Siriboe Ms Helen Tanedo Mrs Monina Quin

-No trustee claims exemption from disclosure of his or her name here.

5.6 Bankers

HSBC plc The Peak 333 Vauxhall Bridge Road Victoria London SW1V 1EJ

Central Finance Board of the Methodist Church 9 Bonhill Street London EC2A 4PE

5

Trinity (Methodist/United Reformed) Church Charity N[o ] 1155990

5.7 Investment Managers and Custodian Trustees

Trustees for Methodist Church Purposes Central Buildings Oldham Street Manchester M1 1JQ

5.8 Independent Examiner (appointed 13 December 2018).

Jennifer Pope Nyman Libson Paul LLP 124 Finchley Road, London NW3 5JS

Approvals

The Trustees’ Report and the Financial Statements were presented to the Trustees Meeting and

approved by the Trustees on 7 May 2023 and will be presented to the members at the Annual Congregational Meeting on 4 June 2023

Signed on behalf of the Trustees by:

Signed Rev’d Dr Martin Wellings Signed Charlotte Silwizya
Position: Chair of Trustees Position: Treasurer
Date 7 May 2023 Date 7 May 2023

6

Trinity (Methodist/United Reformed) Church Charity N[o ] 1155990

DECLARATIONS

Treasurer

I confirm that the accounts and financial statements for the year ended 31 August 2022 have been prepared from the records of Trinity and that they include all funds under the control of the Trustees.

Signed: Charlotte Silwizya Date 7 May 2023

Name of Treasurer: Charlotte Silwizya Address: 90 Hodford Road, Golders Green, London, NW11 8EG

Independent Examiner's Report to the Trustees of Trinity (Methodist/United Reformed) Church, Golders Green (the 'charity')

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 August 2022.

This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.

Responsibilities and Basis of Report

Trustees’ responsibilities

As the Trustees of the charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

The Trustees are responsible for safeguarding the assets of Trinity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are required to prepare financial statements that give a true and fair view of the Trinity's financial activities during the year and of its financial position at the end of the year. In preparing these financial statements, the Trustees have:

The trustees consider that an audit is not necessary for this year under Section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

7

Unite The Methodist Church Trinity (Methodist/United Reformed) Church Chority ￿ 1155990 Churcb Independent Examiner's responsibilltles I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent Examiner's Statement I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect-. l. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records- or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Jennifer Pope ACA Nyman Libson Paul LLP Chartered Accountants 124 Finchley Road London NW3 5JS

Trinity (Methodist/United Reformed) Church Charity N[o ] 1155990

Statement of Financial Activities (SOFA) for the year ended 31 August 2022

Note Unrestricted
Funds
£		 Restricted
Funds
£		 Endowment
Funds
£		 Total
2022
£		 Total
2022
£		 Total
2021
£
Income and Endowments from:
Donations and legacies 5 13,109 5,442 - 18,551 13,363
Charitable activities - - - - -
Other trading activities 6 64,204 - - 64,204 40,541
Income from Investments 7 197 1 - 198 81
Other Income 8 3,000 - 3,000 250
Total Income and Endowments 77,510 8,443 - 85,953 54,235
Expenditure on:
Salaries, and associated costs 9 - - - - -
Circuit Assessments 10 12,536 12,536 14,568
Property Costs 11 21,582 21,582 15,265
Office Expenses 12 22,409 22,409 11,532
Other Outgoings 13 12,680 621 13,301 10,646
Depreciation 14 7,873 3,027 10,900 8,119
Provisions 20 - - - - (20)
Internal organisations - - - - -
Grants and Donations - - - - -
Total Expenditure 77,080 3,648 80,728 60,110
Net income/before Investment 430 4,795 5,225 (5,875)
Gains/(Losses) on investment - - - - -
Net income (outgoings) /before
transfers		 430 4,795 5,225 (5,875)
Transfers between funds
Reclassification of funds
Net income(outgoings) / for the 430 4,795 5225 (5,875)
**Other recognisedgains/(losses): **
Gains and losses on revaluation
Other Gains/(Losses)for the
Net movement in funds 430 4,795 5,225 (5,875)
Reconciliation of funds:
Total funds brought forward 22* 5,528,210* 8,965* - 5,537,175 5,543,050
Total funds carried forward 22 5,528,640 13,760 - 5,542,400 5,537,175
Balance brought forward from last year:
Offerings/Gifts - received for External Org.
Offerings/Gifts - passed to External Org.
Balance carried forward:
Restated		 -
-
-
-
- -
- -
- -
- -

9

Trinity (Methodist/United Reformed) Church Charity N[o ] 1155990

Statement of Financial Position as at 31 August 2022

Unrestricte
d
£		 Unrestricte
d
£		 Restricted
Funds
£		 Restricted
Funds
£		 Endowment
Funds
£		 Endowment
Funds
£		 Totals this
year
£		 Totals this
year
£		 Totals this
year		 Totals this
year
£
Note
Tangible Fixed Assets*
Land & Buildings 5,484,346 - - 5,484,346 5,484,346
Fixtures & Fittings & Equipment 31,529 13,161 - 44,690 41,848
Tangible Assets 14 5,515,875 13,161 - 5,529,036 5,526,194
Fixed asset Investments:
Trustees for Methodist Church 15* 7,715 7,715 7,701
Tangible Assets, Investmentsfixed 5,523,590 13,161 - 5,536,751 5,533,895
Current Assets
Debtors,Prepayments,Acc’d Inc 16 24,790 - - 24,790 18,146
Cash At Bank and at Hand 17 62,418 599 - 63,017 55,433
Central Finance Board Deposits 18 36,421 - - 36,421 36,270
Other
Total current assets 123,629 599 - 124,228 109,849
Total Assets 5,647,219 13,760 - 5,660,979 5,643,744
Creditors/Accruals(due under 1yr) 19 34,886 - - 34,886 22,876
Net current assets(liabilities) 88,743 599 89,342 86,973
Total assets less current liabilities 5,612,333 13,760 5,626,093 5,620,868
Loans and creditors due after 1
Provisions for liabilities and charges 20 83,693 - - 83,693 83,693
Net assets 5,528,640 13,760 5,542,400 5,537,175
Funds of the Church 22
Unrestricted funds 5,528,640 5,528,640 5,528,210*
Restricted funds 13,760 13,760 8,965*
Endowment funds
Total Funds 5,528,640 13,760 5,542,400 5,537,175
Internal Organisations Opening
balance		 R777eceipts Payments Net
Receipts/
 Adjustments Closing
balances
- - - ~~P~~
-		 - -
- - - - - -
Total - - - - - -
Total
Payments
Total
Receipts		 Total
Payments

*** Restated**

10

Trinity (Methodist/United Reformed) Church Charity N[o ] 1155990

Notes to the Accounts

1. Basis of accounting

a) Accounting Framework

The financial statements have been prepared in accordance with 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) (second edition) effective 1 January 2019, and the Financial Reporting Standard applicable in the UK and Republic of Ireland, FRS 102, published September 2015.

b) Statutory Framework

The financial statements have been prepared under the Charities Act 2011 and the 2008 accounting and reporting regulations made thereunder, based on the current version of the Charities SORP (SORP (FRS102), as disclosed above, instead of SORP 2005, in order to be able to show a true and fair view, as permitted by the regulation

c) Public benefit entity

Trinity meets the definition of a public benefit entity under FRS 102

d) Going concern

To the best of their knowledge and belief, the Trustees confirm that there are no material uncertainties that would call into question Trinity's financial viability for at least 12 months from the date of approval of these accounts.

e) Volunteer contributions

In common with other Methodist and United Reform Churches, Trinity is heavily reliant on the contributions of volunteers who provide their skills, money and time in a myriad of ways to promote its work. Trinity is grateful for their invaluable help and commitment as without this, the Church could not function. No attempt has been made to monetise the support given by our volunteers.

2. Funds

The funds held by Trinity constitute: general funds held for any purpose of the Church which are unrestricted however, the Trustees may designate some of these funds for a specific purpose. Restricted funds are held for a narrower purpose including those for internal organisations. Any fund may be represented by more than just cash

3 Accounting policies

a) Basis

These accounts, except where shown, have been prepared on the basis of historical cost and on the accruals basis to show a true and fair view of Trinity's financial position and financial activities.

b) Recognition of Income and Donations

Income is included in the Statement of Financial Activities (SOFA) when Trinity becomes entitled to the resources; the amounts can be quantified and receipt of is probable. Income received in advance of the provision of goods and/or services is treated as deferred until the Trinity becomes entitled to that income. All income is reported gross with associated fees or costs deducted reported as expenses. Donations are recognised when there is evidence of entitlement, receipt is probable and the amounts can be measured reliably. Where they are given with conditions, the Trustees evaluate the terms and will reject the donation if they are illegal or fall outside Trinity’s stated purposes.

c) Recognition of Expenditure

Expenditure is accounted for on an accruals basis and is recognised when an obligation that can be measured or reliably estimated exists at the reporting date and it is probable (more likely than not) that payment will be made in settlement

11

Trinity (Methodist/United Reformed) Church Charity N[o ] 1155990

Notes to the Accounts continued

d) Recognition of Grant Income and Expenses

Grants awarded from Trinity’s own resources are reflected in the SOFA in the year in which they are approved by the Trustees and the offer is communicated to the recipient. Grants awarded but not paid are recorded as a liability within the SOFP. Grant income received by Trinity is recognised as income in the year of receipt. Where a grant is used to purchase an asset, an appropriate amount of the depreciation of the acquired asset (based on the amortisation of the grant fund over the life of the acquired asset) is charged to the grant fund (see note 14).

e) VAT

Trinity is not VAT registered so all input VAT is charged with the expenses to which it refers

f) Tangible Assets

Tangible fixed assets are capitalised if their useful life extends beyond one year, with a minimum cost of at least £1,000. With the exception of the Trinity’s Buildings, they are valued at cost or a reasonable value on receipt. Where cost is not available, the Trustees employ a reasonable estimate of the value of the asset. In the case of the freehold land and building, the Trustees on first time transition to Charities SORP FRS 102 took advantage of the ‘deemed cost’ option using the insured value as the methodology to determine cost. The Charities SORP also requires the freehold land to be separately identified and valued. The Trustees have used a ratio of 90:10 in apportioning a value between buildings and freehold land.

g) Depreciation

Tangible fixed assets are depreciated on a straight-line basis to their estimated residual values over their expected useful lives with the expense charged to the relevant SOFA heading. However, no depreciation is charged on land and buildings because the Trustees consider their current deemed value to be not less than their value at the end of their useful life. The depreciation rates for the different categories of tangible assets are set out below:

Freehold land and buildings nil Equipment 10 years Building Fixtures & Fittings 10 years Fixtures & Fittings 7 Years Furniture 5 years IT & Audio /Visual r equipment 3 to5 years

The charity operates a rolling repairs and maintenance programme to prolong the useful life of the property and to ensure that the above policy continues to be appropriate

h) Investment Properties

No property is currently deemed to be held for the long-term investment purposes of the charity.

i) Investments

Investments are valued in the SOFP at market value at the year end. Investment income is included in the SOFA when receivable and any gains or losses on revaluation at the year- end are shown in the SOFA

j) Debtors and Prepayments

Debtors are measured at their recoverable amounts Trinity anticipates it will receive from a debt or the amount it has paid in advance for goods or services

k) Creditors

Creditors include outstanding liabilities relating to utilities, telephones, and other expenses incurred, for which invoices and liabilities had not been settled at the August year -end

4) Accounting estimates and judgments

In preparing the financial statements, the Trustees are required to make estimates and judgments. The areas considered to be most important in understanding the estimates, judgments and uncertainties underpinning preparation of the financial statements include: Donated goods and services including volunteer services (see note 1(e)); valuation of buildings (see note 3 (f); 3(g)); the separate valuation of land (see note 3(f)); establishment and level provisions (see note 20) and capital commitments and contingent liabilities (see note 21).

Notes to the Accounts continued

5 Donations and legacies

12

Trinity (Methodist/United Reformed) Church Charity N[o ] 1155990

Collections
Tax credits
Donations
Legacies
Total		 Unrestricted
Restricted
Funds
Endowment
Funds
2022
Total
2021
Total
£
£
£
£
10,963
5,442
-
16,405
10,609
1,096
-
1,096
1,222
1,050
-
1,050
1,532
-
-
-
-
-
13,109
5,442
-
18,551
13,363

6 Other trading activities

Lettings- Halls
Lettings- Flat/Manse
Manse Rentals
Total		 Unrestricted
Restricted
Funds
Endowment
Funds
2022
Total
2021
Total
£
£
£
£
£
43,510
-
-
43,510
24,034
16,118
-
-
16,118
13,173
4,576
-
-
4,576
3,334
64,204
-
-
64,204
40,541

7 Investment Income

Central Finance Board
Other
Total		 Unrestricted
Restricted
Funds
Endowment
Funds
2022
Total
2021
Total
£
£
£
£
£
152
-
-
152
50
45
1
-
46
31
197
1
-
198
81

8. Other Income

come
Sundry Income
Grant Income
Total		 Unrestricted
Restricted
Funds
Endowment
Funds
2022
Total
2021
Total
£
£
£
£
£
-
-
-
-
250
-
3,000
-
3,000
-
-
3,000
-
3,000
250

The grant income was received from the URC Thames North Synod in connection with the upgrade of audio-visual equipment.

9 Salaries and associated costs

a)-Staff Costs

and associated costs
sts
Staff Costs paid during
Gross salaries /benefits
in kind
Employer’s NIC's
Pension costs
Total		 Unrestricted
Restricted
Funds
Endowment
Funds
2022
Total
2021
Total
£
£
£
£
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

Notes to the Accounts continued

13

Trinity (Methodist/United Reformed) Church Charity N[o ] 1155990

Ave number of staff employed during the year:

er of staff employed during the year:
Ave Nos. Staff 2022 2021
- -

b)-Key Management Personnel

The charity considers its Trustees to be the key management personnel. No employment benefits were paid to key management personnel during the current year or prior year.”

10 Circuit Assessments

Assessments
Barnet & Queensbury
URC
Total		 Unrestricted
Restricted
Funds
Endowment
Funds
2022
Total
2021
Total
£
£
£
£
£
10,000
-
-
10,000
4,000
2,536
-
-
2,536
10,568
12,536
-
-
12,536
14,568

11 Property Costs

y Costs
Cleaning
Gardening & Refuse
Collection
Security
Repairs & maintenance
Total		 Unrestricted
Restricted
Funds
Endowment
Funds
2022
2021
£
£
£
£
£
5,514
5,514
3,733
1,644
1,644
1,710
414
414
25
14,010
14,010
9,797
21,582
-
-
21,582
15,265

12 Office Expenses

xpenses
Electricity
Gas
Water Rates & Council
Telephone & Internet
Insurance
Total Utilities		 Unrestricted
Restricted
Funds
Endowment
Funds
2022
2021
£
£
£
£
£
2,118
2,118
1,242
15,148
15,148
5,066
173
173
194
1,284
1,284
1,410
3.686
3.686
3,620
22,409
22,409
11,532

Notes to the Accounts continued 13 Other Outgoings

14

Trinity (Methodist/United Reformed) Church Charity N[o ] 1155990

Reimbursement Minister's Expenses
Organist
Visiting Rev-Travel Expenses
Worship Books & Materials
Fund Raising Expenses
Printing & Stationery
Other Remuneration
Equipment Purchases
Travel & Transportation
Entertainment & Refreshment
Functions Celebrations & Gifts
Legal & Professional Expenses
Subscriptions & Membership
Bank Charges & Interest
Write-offs (Write Back) debts
Stewarding Fees
Sundry Payments
Total Other Expenditure		 Unrestricted
Restricted
Funds
Endowment
Funds
2022
2021
£
£
£
£
£
-
-
-
-
2,475
-
2,475
1.665
495
-
495
855
414
601
-
1,015
329
-
-
-
-
1,689
-
1,689
1,520
-
-
-
-
1,502
-
1,502
698
-
-
-
-
871
-
871
77
315
-
315
665
2,823
-
2,823
3,976
471
-
471
434
158
20
-
178
15
384
-
384
162
865
865
218
-
218
250
12,680
621
-
13,301
10,646

14. Tangible Fixed Assets Cost or valuation

14. Tangible Fixed Assets
Cost or valuation		 Assets Assets
Church
(non-
investment
) land and
buildings
£
Bal b/fwd.
5,484,346
Additions
-
Revaluation
-
Disposals (-)
-
Transfers (+/-
-
Bal C./fwd.
5,484,346
Accumulated depreciation
Bal b/fwd.
-
Charged to SOFA1
-
Imp’ment/Reval
-
Disposals (-)
-
Transfers (+/-)
-
Bal C./fwd.
-
Net Book Value		 Church
(non-
investment
) land and
buildings
£		 Other non-
investment
land and
buildings
£		 Investment
properties
(land and
buildings)
£		 Other fixed
assets
including
motor
vehicles
£		 Fixtures,
fittings and
equipment
£		 Payments
on account
and assets
under
constructio
£		 Total
£
5,548,052
13,742
-
-
-
5,561.794
5,484,346 - - - 63,706 -
-
-
-
-		 -
-
-
-		 -
-
-
-		 -
-
-
-		 13,742
-
-
-		 -
-
-(
5,484,346 - - - 77,448 -
- - - - (21,858) - (21,858)
-
-
-
-		 -
-
-
-		 -
-
-
-		 -
-
-
-		 (10,900)
-
-
-		 -
-
-
-		 (10,900)
-
-
-
- - - - (32,758) - (32,758)
5,526,194
5,529,036
Bal b/fwd. 5,484,346 - - - 41,848 - 5,526,194
Bal C./fwd. 5,484,346 - - - 44,690 - 5,529,036

1 Grant income (£9,000) received in connection with the purchase of an organ is held as a restricted asset and depreciated over the same estimated useful life of the asset (10 years).

2 With a combined carrying cost of £5,484.346 for freehold land and buildings; the Trustees, estimated a value of £548,435

(10%) for the freehold land and £4,935,911 (90%) for the buildings (refer notes 3 (f) and 3(g)).

Notes to the Accounts continued

15. Investments

15

Trinity (Methodist/United Reformed) Church Charity N[o ] 1155990

The Trustees comply with charity law and Methodist law and policy as determined by the Methodist Conference. The funds that support the various funds are held by The Trustees for Methodist Church Purposes (TMCP) in Trustees' Interest Funds on which interest is credited each month. These are regarded as medium- and long-term investments

TMCPis the legal owner and Custodian Trustee of all Methodist Model Trust property, including Legacies, Endowments and Accumulated Funds. Trust property is held for and on behalf of local Managing Trustees who are responsible for the day-today management of trust property. TMCP ensures that, through providing guidance and by acting under their direction, the Managing Trustees comply with charity law and Methodist law and policy as determined by the Methodist Conference.

Analysis of investment movements Change in investment values

nt movements
t values
Carrying (market) value at beginning of year
Add:additions to investments at cost
Less:disposals at carrying value
Net gain/(loss) on revaluation
Carrying (market) value at end of year		 2022
£
2021
£
7,701
7,690
14
11
-
-
-
-
7,715
7,701

The investment comprise various long-standing bequests held at TMCP which were brought into the accounts last year as restricted assets however; further investigation has resulted in their reclassification as unrestricted assets.

Analysis of current assets

16 Debtors and Prepayments

Debtors
Accrued Income
Prepayments
Total		 Unrestricted
Restricted
Funds
Endowment
Funds
2022
Total
2021
Total
£
£
£
£
£
16,364
16,364
12,264
3,342
3,342
2,865
5,084
5,084
3,017
24,790
24,790
18,146

17 Cash at Bank and in Hand

k and in Hand
Current Account
Lettings Account:
Deposit Account:
Offertory Account
Flower Fund Account:
Flower Fund Petty Cash:
Restricted Fund Account
Benevolent Fund
Cash in hand
Total Cash*		 Unrestricted
Restricted
Funds
Endowment
Funds
2022
Total
2021
Total
£
£
£
£
£
9,925
9,925
2,892
16,364
16,364
1
35,948
35,948
50,869
-
-
472
-
-
356
-
83
83
83
-
516
516
-
-
579
181
181
181
62,418
599
63,017
55,433

*All restricted funds are held in a one bank account.

Notes to the Accounts continued

16

Trinity (Methodist/United Reformed) Church Charity N[o ] 1155990

18 Central Finance Board Deposits

nance Board Deposits
Central Finance Board Deposits Unrestricted
Restricted
Funds
Endowment
Funds
2022
Total
2021
Total
£
£
£
£
£
36,421
-
-
36,421
36,270

19 Current Liabilities

bilities
Accruals
Creditors
Deferred Income
Cash Advanced by Users
Current Liabilities		 Unrestricted
Restricted
Funds
Endowment
Funds
2022
Total
2021
Total
£
£
£
£
£
12,154
12,154
11,995
3,000
3,000
0
15,448
15,448
10,143
4,284
4,284
738
34,886
34,886
22,876

20 Loans and creditors due after one year

a) Provisions

Details of the movement in provisions which relate to various works on Trinity’s buildings are shown below:

Balance b/fwd.
Charged to SOFA
Utilisation
Released to SOFA
Closing Balance		 Unrestricted
Restricted
Funds
Endowment
Funds
2022
2021
£
£
£
£
£
83,693
-
-
83,693
83,693
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
83,693
-
-
83,693
83,693

b) Loans and creditors due after one year

Loans
Source
Total
Repayment due		 Amount
brought
fwd.
New
borrowings
£
Loan
interest
£
Repayable in
the year
£
Balance at
year end
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Due within 12 months
Due after more than 12 months
Total		 Total
£
-
-
-

Notes to the Accounts continued

17

Trinity (Methodist/United Reformed) Church Charity N[o ] 1155990

c) Creditors due after one year

Name of creditor
Total		 2022
2021
-
-
-
-
-
-
-
-

21 Capital commitments and contingent liabilities

-At the year end 31 August 2022, Trinity had no capital commitments and no contingent liabilities were identified.

22. Detailed analysis of individual fund movements

Unrestricted Funds

restricted Funds
Fund Name
Current Account:
Lettings: Account
Deposit Account:
Offertory account
Cash At Hand:
Central Finance Board Investment:
Investments at TMCP
Total Unrestricted Liquid Funds
Non -Liquid Funds
Totals*		 Opening
Balance
Income less
Expenditure
Transfers
Revaluation
gains/losses
Closing
Balance
£
£
£
£
£
(87,983) *
(56,493)
63,961
-
(80,515)
1,406
60,169
(48,560)
-
13,015
50,869
8
(14,929)
-
35,948
472
-
(472)
-
-
181
-
181
36,270
151
-
36,421
7,701
14
-
7,715
8,916
3,849
-
-
12,765*
5,519,294
(3,419)
-
-
5,515,875
5,528,210
430
-
-
5,528,640*
Restricted Funds
Fund Name
Restricted Fund Account
Flower Fund:
Flower Fund Petty Cash:
Benevolent Fund
Restricted Liquid Funds
Restricted Non-Liquid Funds
Total Restricted Funds*
Endowment Funds
Restricted Fund Name
Totals
Total Funds*		 Opening
Balance
Income less
Expenditure
Transfers
Revaluation
gains/losses
Closing
Balance
£
£
£
£
£
367
(40)
189
-
516
356
(167)
(189)
-
-
83
-
-
-
83
1,259
(1,259)
-
-
-
2,065
(1.466)
-
599
6,900
6,261
-
13,161
8,965
4,795
-
13,760
Opening
Balance
Income less
Expenditure
Transfers
Revaluation
gains/losses
Closing
Balance
£
£
£
£
£*
-
-
-
-
-
-
-
-
-
-
5,537,175
5,225
-
-
5,542,400

Notes to the Accounts continued

18

Trinity (Methodist/United Reformed) Church Charity N[o ] 1155990

23. The St Ninian's Golders Green Fund In addition to the unrestricted funds recorded on the balance sheet, Trinity can draw on The St Ninian's Golders Green Fund a "designated fund" held by URC North Thames Trust. This fund although held in the latter's Trustee accounts, is for the sole use of Trinity and was originally established from the proceeds of property sales following the merger of the two Methodist and Presbyterian Churches (in 1979) to form the current Trinity (Methodist /United Reformed) Church. At the balance sheet date, the total value of the funds (including capital and interest) was 2022 182,238 (2021: £181,425).

24 Payment to Trustees

Payment to Trustees
2022 2021
£ £
Payments to Trustees for additional services provided by agreement with the
Trustee Meeting - -
2022 2021
Number of trustees who were paid expenses - -
£ £
Total amount paid - -
ture of the expenses:Reimbursement of travel, courses and office supplies expenses
. Fees for examination or audit of the accounts
2022 2021
£ £
Fees for examination of the accounts 1,200 1,200
Other fees (e.g.: advice, accountancy services) paid to the independent examiner - -

Nature of the expenses: Reimbursement of travel, courses and office supplies expenses

25. Fees for examination or audit of the accounts

26 Related party transactions This year

Name of related party (R.P.)
JMA
Methodist Church Fund
Mission in Britain Fund
Fund for Support of Presbyters &
Deacons
Fund for Property
World Mission Fund
Total
Lastyear
Name of related party (R.P.)
JMA
Methodist Church Fund
Mission in Britain Fund
Fund for Support of Presbyters &
Deacons
Fund for Property
World Mission Fund
Total		 Name of related party (R.P.) Relationshi
p		 Description
of
transaction		 Income
from R.P.		 Payments
to R.P.		 Loans to
/ (from)
R.P.		 Amounts
owed by
/ (to) R.P.
JMA - - - - - -
Methodist Church Fund - - - - - -
Mission in Britain Fund - - - - - -
Fund for Support of Presbyters &
Deacons		 - - - - - -
Fund for Property - - - - - -
World Mission Fund - - - - - -
Total - - - - - -
Name of related party (R.P.) Relationship Description
of
transaction		 Income
from R.P.		 Payments
to R.P.		 Loans to
/ (from)
R.P.		 Amounts
owed by
/ (to) R.P.
JMA - - - - - -
Methodist Church Fund - - - - - -
Mission in Britain Fund - - - - - -
Fund for Support of Presbyters &
Deacons		 - - - - - -
Fund for Property - - - - - -
World Mission Fund - - - - - -
Total - - - - - -

There were no related party transactions in the reporting period.

19