**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:
- followed applicable accounting standards, including the Charities SORP FRS (102)
- selected suitable accounting policies and applied them consistently using the accruals method
- made judgements and estimates that are considered reasonable and prudent
- prepared the financial statements on the going concern basis.
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
**N**et 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**|
* The opening unrestricted and restricted fund balances have been restated to reflect the reallocation of restricted funds (previously held in the current account) to restricted funds. All restricted funds are held in one bank account.
## **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