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2025-03-31-accounts

Trinity Church Buxton

Report and Accounts Year ended 31 March 2025

TRINITY CHURCH BUXTON

CHARITY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

Trustees

Rev R Marsden Minister (resigned August 2024) Rev D Barnsley Associate Minister Dr G Todd Church Warden P Askew Church Warden

J Eastwood P Farrant Dr E Gilmour A Parker D Powell N Reid J McMurdo L Thomason (appointed July 2024)

Governing Document

Charitable Incorporated Organisation constitution dated 9 June 2015

Charity Registration Number

Principal Address

Independent Examiner

1162082 Trinity Church Hardwick Mount Buxton SK17 6PR Archie McDowall BA, CA Stewardship 1 Lamb's Passage London EC1Y 8AB

Contents Page
Charity Information 1
Trustees' Annual Report 2-4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Accounts 8-15
Detailed Statement of Financial Activities with Comparatives 16

Page 1

TRINITY CHURCH BUXTON

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 MARCH 2025

The trustees have pleasure in submitting the Report and Accounts for the year.

Objects of the charity

The charity is a charitable incorporated organisation and is governed by its Constitution. The objects of the charity, as set out in the governing document are the advancement of the Christian faith in accordance with the episcopalian tradition and in accordance with the Protestant and Evangelical doctrine of the Church of England.

The trustees note that the Church is not a building, but a gathering of ordinary people of different ages and backgrounds, whose lives have been changed by Jesus Christ, the Son of God. The New Testament reveals the Church as a community of people, properly taught and cared for, who by loving and serving Jesus Christ, were also committed to love and care for each other and to bring a blessing to the area in which they lived. Trinity Church Buxton; its trustees and members are committed to the restoration of those New Testament principles. It is not alone in this, it is one of many Churches in the area, country and all over the world that is re-discovering the excitement of knowing Jesus Christ. The vision is to see the people of Buxton and the surrounding villages, come into this experience of knowing Jesus as their Lord, Saviour and friend.

Summary of the charity's main activities and achievements

To further the above objects and vision, the charity's main activities and achievements were as follows:

Trinity continues with Sunday morning services, which have slowly grown over the last 12 months. Children’s and young people groups are provided for 0-16 year olds during the morning service. Weekly Sunday evening services continue, with a monthly Real Food meeting in the hall. The membership has increased to 110, with a significant number of those involved in the fortnightly midweek growth groups.

Our Senior Minister Bob Marsden retired in August 2024, after 26 years as minister at Trinity. Revd. Matt Taylor has been appointed, and will begin in August 2025. Significant repairs and improvements have been made to 37 Temple Road in preparation for Revd Taylor’s arrival.

In June 2024, Luke Walsh began as our full-time Children’s, School and Youth worker (CSYW), supported by a large team of various volunteers that lead Sunday groups. Stay and Play Parent and Toddler group continues to be popular and our Friday night youth groups Heroes and Impact continue. We are particularly encouraged by numbers increasing again at Heroes. We continue to have good relationships with four local schools and regularly help with assemblies, lessons, and church visits.

Following the visit of our London City Mission partner, we have begun regular outreach activities in town and visiting neighbouring streets.

Still Waters the dementia group continues strong. Thursday Fellowship continues as has Thursday Cake & Company, which is a drink and cake drop in.

Page 2

TRINITY CHURCH BUXTON

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 MARCH 2025

During the dry summer months, the next stage of repairs to the church tower was completed, and we hope that in due course, the rest of the external repairs will be completed. To help finance this, we have built up a significant reserve in our restricted Tower project fund.

Most the charity's activities are undertaken by volunteers and the charity could not operate effectively without their efforts.

In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.

Structure, Governance and Management

Responsibility for setting policy and for making operating decisions rests with the trustees who meet regularly to monitor the activities of the charity. Pastoral guidance is provided by the Ministers Council. New trustees are recruited and appointed by voting at the Church AGM.

Financial review

During the year unrestricted income decreased by just over £11,000 to £184,000 mainly due to a reduction in regular donors, while unrestricted expenditure increased by about £33,000 to £202,000 mainly due to having both an Administrator and a CSY Worker. This has given us an unrestricted fund deficit of £17,000 (2024: surplus £27,000) before fund transfers. Our total unrestricted funds (which includes the designated funds) have decreased to £100,000. This comprised fixed assets with a carrying value of £12,000, cash of £86,000 and other net current assets of £2,000.

Restricted income was £8,000 as giving for the Tower project largely stopped as we reached the collection target. During the year we completed phase 0.75 of the Tower project and restricted expenditure was £38,000, the majority of which related to the work on the Tower. After a fund transfer of £5,000 restricted funds decreased by £35,000 to £106,000 and is represented entirely by cash. Of this £98,000 was held by our Tower project Fund.

Reserves policy

The trustees have determined that the charity should aim to hold unrestricted cash which equates to about 3 months' of unrestricted essential expenditure (currently £41,000) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £86,000 and the charity is complying with its reserves policy.

Key risks and uncertainties

The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.

Page 3

TRINITY CHURCH BUXTON

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 MARCH 2025

Responsibilities of trustees under charity law

The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity 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 trustees are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material

departures disclosed and explained in the financial statements; and

  1. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approval

This report was approved by the trustees and signed on their behalf by:

_______ Rev D Barnsley Date: _______

Page 4

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

TRINITY CHURCH BUXTON ('the Charity')

I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 March 2025 on pages 6 to 16 following, which have been prepared on the basis of the accounting policies set out on pages 8 to 9.

Responsibilities and basis of report

As the charity’s trustees of the Charitable Incorporated Organisation you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 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 Charity as required by section 130 of the 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.

Archie McDowall

Archie McDowall (Jun 26, 2025 12:17 GMT+1)

Archie McDowall BA, CA Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: June 26 2025

Page 5

TRINITY CHURCH BUXTON

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2025

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Interest income
Total income and endowments
EXPENDITURE ON:
Charitable activities
5
Total expenditure
Net income/(expenditure)
Transfers between funds
13
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
13		 Unrestricted
Funds
£
174,298
6,920
3,163
184,382
201,604
201,604
(17,222)
5,000
(12,222)
112,443
100,221		 Restricted
Funds
£
8,494
-
-
8,494
38,595
38,595
(30,101)
(5,000)
(35,101)
141,021
105,920		 Total
Funds
2025
£
182,793
6,920
3,163
192,876
240,199
240,199
(47,323)
-
(47,323)
253,464
206,141		 Total
Funds
2024
£
246,235
7,525
-
253,760
206,478
206,478
47,282
-
47,282
206,182
253,464

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The notes on pages 8-15 form part of these accounts.

Page 6

TRINITY CHURCH BUXTON

BALANCE SHEET

AS AT 31 MARCH 2025

Note
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Debtors
9
Cash at bank and in hand
10
CREDITORS: Amounts falling
due within one year
11
Net current assets / (liabilities)
Total assets less current liabilities
TOTAL NET ASSETS
FUND BALANCES
13
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 Unrestricted
Funds
£
12,005
12,005
14,770
86,232
101,002
(12,786)
88,216
100,221
100,221
100,221
-
100,221
-
100,221		 Restricted
Funds
£
-
-
-
105,920
105,920
-
105,920
105,920
105,920
-
-
-
105,920
105,920		 Total
Funds
2025
£
12,005
12,005
14,770
192,152
206,922
(12,786)
194,136
206,141
206,141
100,221
-
100,221
105,920
206,141		 Total
Funds
2024
£
9,374
9,374
37,923
210,020
247,943
(3,853)
244,090
253,464
253,464
108,417
4,026
112,443
141,021
253,464

The financial statements were approved by the Board of Trustees and were signed on its behalf by:

--------------------------------------Rev D Barnsley Date: _______

Charity number: 1162082

The notes on pages 8-15 form part of these accounts.

Page 7

TRINITY CHURCH BUXTON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

1 Statutory Information

The charity is a charitable incorporated organisation registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity 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") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The trustees 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 is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations includes:

Tax recoverable via gift aid. This is recognised when the related donation is received. Tax that has not been recovered by the balance sheet date is included as a debtor.

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 financial statements as they cannot be reliably measured.

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 activities and events, and from hiring the church premises.

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.

The cost of raising funds is not significant and has not been separately disclosed.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

Page 8

TRINITY CHURCH BUXTON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

d) Fund accounting

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 £2,500 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:

Equipment Over 3 to 7 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.

A long established Trust has granted the charity the rent free use of its church building at Hardwick Mount and a manse, which is occupied by the church's senior minister. The charity is responsible for insuring and maintaining these properties. The costs associated with meeting these obligations are not believed to be less than the estimated value of the benefit received by the charity. For this reason, no value has been attributed to the use of these donated premises in these accounts.

f) Pension scheme arrangements

The charity operates defined contribution pension schemes for its non ordained 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.

The charity also contributes to the Church of England Funded Pension Scheme for ordained employees, which is also a multiemployer defined benefit pension scheme as described in Section 28 of FRS 102. The charity is unable to identify its share of this scheme's assets and liabilities therefore, as permitted by FRS 102, it is being treated as if it were a defined contribution scheme. The last actuarial valuation indicated a funding surplus and the charity will make contributions at a reduced rate in future years until the surplus is eliminated. Further information about this defined benefits scheme, and its funding surplus, is disclosed elsewhere in the notes to these accounts.

g) Taxation

The charity 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. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).

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

Donations of cash and similar
Grants receivable
Income tax recoverable
4
Income from charitable activities
Church activities and events
Hall hire		 2025
£
147,271
5,000
30,522
182,793
2025
£
1,610
5,310
6,920		 2024
£
208,442
-
37,793
246,235
2024
£
3,416
4,109
7,525

Page 9

TRINITY CHURCH BUXTON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

5 Charitable expenditure

a
Costs incurred directly on specific activities
Ministry expenses
Ministry staff costs
Youth & children's ministry
Other ministry
Outreach
Property expenses
Church building repair & maintenance
Church utilities & insurance
Tower project
Renovation of Temple Road
Temple Road running costs
Grants payable (note 5c)
b
Costs incurred on support & administration
Governance costs
Independent examiner's fee
Legal and professional
Printing & stationery
Administration costs including staff costs
Depreciation of tangible fixed assets
Total expenditure		 2025
£
93,020
2,213
4,346
2,195
3,123
16,040
36,201
24,329
2,129
183,597
33,195
216,792
1,740
-
1,740
2,058
15,045
4,564
23,407
240,199		 2024
£
85,645
2,231
2,879
2,695
1,211
14,180
35,562
-
5,400
149,803
36,630
186,433
1,680
2,088
3,768
2,299
10,853
3,125
20,045
206,478

The fee payable to the independent examiner for examining the accounts was £1,740 (2024: £1,680); the charity did not pay for any additional services from Stewardship during the year.

c Grants payable

Grants for UK and overseas mission
Grants for the relief of poverty
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
Grants for the relief of poverty
The charity's principal grants to institutions comprised:
Church Mission Society
Crosslinks
Tearfund
WEC
Wycliffe Bible Translators
London City Mission
Middle East Media		 Institutions
£
24,500
4,600
29,100
Institutions
£
31,030
4,630
35,660		 Individuals
£
4,095
-
4,095
Individuals
£
970
-
970
2025
£
5,750
7,250
4,600
3,450
3,450
2,300
2,300
29,100		 2025
£
28,595
4,600
33,195
2024
£
32,000
4,630
36,630
2024
£
5,750
5,750
4,630
4,450
4,450
5,320
5,310
35,660

Page 10

TRINITY CHURCH BUXTON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

6 Analysis of staff costs, the cost of key management personnel and trustee remuneration

The average monthly number of employees during the year was 3 (2024: 3). 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.

The charity's key management comprise the trustees named on the Charity Information page. Total employment benefits payable to key management for the year were as follows:

Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Trustees:
Rev R Marsden
11,574
-
3,309
Rev D Barnsley
30,395
-
5,926
following amounts were payable in the previous year:
Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Trustees:
Rev R Marsden
27,215
-
7,068
Rev D Barnsley
28,405
-
7,068		 2025
£
14,883
36,321
51,204
2024
£
34,283
35,473
69,756

The following amounts were payable in the previous year:

Rev R Marsden and Rev D Barnsley both served as church leaders and received the above payments for serving in that capacity, not for serving as trustees; these payments are permitted by the charity's governing document.

In addition the charity incurred expenditure totalling:

7

Acting as agent

On occasion the charity receives money on behalf of other charities and individuals, which it banks and then pays out to them. This income is received as agent for these other charities and individuals and the income, and the related payments, are excluded from the Statement of Financial Activities; any money that has not been distributed by the year end is recognised as a creditor.

During the year the charity:

a) received £1,350 (2024: £1,345) and paid £1,350 (2024: £1,345) as a leaving gift for a member of staff

8 Tangible fixed assets

Cost
At 1 April 2024
Additions
At 31 March 2025
Accumulated depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Fixtures,
fittings and
equipment
£
15,624
7,194
22,818
6,250
4,564
10,813
12,005
9,374		 Total
2025
£
15,624
7,194
22,818
6,250
4,564
10,813
12,005
9,374

Page 11

TRINITY CHURCH BUXTON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

9 Debtors

Falling due within one year:
Trade debtors
Tax recoverable
Accrued income
10
Cash at Bank and in Hand
Cash at bank with immediate access
11
Creditors: liabilities falling due within one year
Trade creditors
Taxation and social security
Other creditors
Accruals		 2025
£
-
14,770
-
14,770
2025
£
192,152
192,152
2025
£
8,364
1,296
-
3,125
12,786		 2024
£
30
17,893
20,000
37,923
2024
£
210,020
210,020
2024
£
-
938
1,178
1,737
3,853

12 Pension commitments

The Church of England Funded Pension Scheme

The charity participates in the Church of England Funded Pensions Scheme for stipendiary clergy, which is a defined benefit pension scheme. This scheme is administered by the Church of England Pensions Board, which holds the assets of the schemes separately from those of the Responsible Bodies.

Each participating Responsible Body in the scheme pays contributions at a common contribution rate applied to pensionable stipends.

The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This means it is not possible to attribute the Scheme’s assets and liabilities to specific Responsible Bodies and so contributions are accounted for as if the Scheme were a defined contribution scheme.

A valuation of the Scheme is carried out once every three years. The most recent Scheme valuation completed was carried out at as 31 December 2021. The 2021 valuation revealed a surplus of £560m, based on assets of £2,720m and a funding target of £2,160m, assessed using the following assumptions:

Following finalisation of the 31 December 2021 valuation, deficit contributions ceased with effect from 1 January 2023, since the Scheme was fully funded.

Section 28.11A of FRS 102 requires agreed deficit recovery payments to be recognised as a liability. However, as there are no agreed deficit recovery payments from 1 January 2023 onwards, the balance sheet liability as at 31 March 2025 is nil.

The legal structure of the scheme is such that if another Responsible Body fails, the charity could become responsible for paying a share of that Responsible Body’s pension liabilities.

Page 12

TRINITY CHURCH BUXTON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

12 Pension commitments (cont)

Summary of pension contributions payable for year:

The charity's pension contributions were as follows

Church of England Funded Pension Scheme (see above)
charged in respect of service in year
contributions towards funding deficit
Pension contributions to other defined contribution schemes
Summary of pension liabilities at the year end:
The charity's pension liabilities at the end of the year were as follows:
in respect of defined benefit pension arrangements
in respect of defined contribution pension arrangements		 2025
£
9,235
-
9,235
2,520
11,755
2025
£
-
-
-		 2024
£
14,136
-
14,136
367
14,503
2024
£
1,178
-
1,178

13 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Mission Beyond Buxton fund
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Wentworth fund
Tower project fund
Other restricted funds
Aggregate of funds		 Opening
balance
2025
£
4,026
4,026
108,417
112,443
6,047
134,317
657
141,021
253,464		 Incoming
resources
2025
£
-
-
184,382
184,382
2,600
17
5,877
8,494
192,876		 Outgoing
resources
2025
£
(33,195)
(33,195)
(168,409)
(201,604)
(1,340)
(36,200)
(1,055)
(38,595)
(240,199)		 Transfers
in the year
2025
£
29,169
29,169
(24,169)
5,000
-
-
(5,000)
(5,000)
-		 Closing
balance
2025
£
-
-
100,221
100,221
7,307
98,134
479
105,920
206,141

The transfers referred to above were made for the following reasons:

a) The transfer from unrestricted general funds to the designated Mission Beyond Buxton fund represents 15% of total unrestricted donations and hall hire income which the trustees have set aside to support mission activities.

b) The transfer from restricted Funds to General fund represents the Bingham Trust grant for the new projector being moved so it could be capitalised as a Fixed Asset

Page 13

TRINITY CHURCH BUXTON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

13 Funds (cont.)

Analysis of net assets by fund

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		 General
Designated
funds
funds
£
£
12,005
-
14,770
-
86,232
-
(12,786)
-
100,221
-
Unrestricted Funds		 Restricted
funds
£
-
-
105,920
-
105,920		 2025
£
12,005
14,770
192,152
(12,786)
206,141

In the previous year the movements in the charity's funds were as follows:

Designated Funds
Mission Beyond Buxton fund
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Wentworth fund
Tower project fund
Other restricted funds
Aggregate of funds		 Opening
balance
2024
£
9,374
9,374
91,390
100,764
4,575
100,843
-
105,418
206,182		 Incoming
resources
2024
£
250
250
195,426
195,676
2,640
54,036
1,408
58,084
253,760		 Outgoing
resources
2024
£
(36,630)
(36,630)
(132,367)
(168,997)
(1,168)
(35,562)
(751)
(37,481)
(206,478)		 Transfers
in the year
2024
£
31,031
31,031
(46,031)
(15,000)
-
15,000
-
15,000
-		 Closing
balance
2024
£
4,026
4,026
108,417
112,443
6,047
134,317
657
141,021
253,464

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		 General
Designated
funds
funds
£
£
9,374
-
16,573
-
86,323
4,026
(3,853)
-
108,417
4,026
Unrestricted Funds		 Restricted
funds
£
-
21,350
119,671
-
141,021		 2024
£
9,374
37,923
210,020
(3,853)
253,464

Page 14

TRINITY CHURCH BUXTON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

13 Funds (cont.)

Designated

The Mission Beyond Buxton fund represents 15% unrestricted income which the trustees set aside annually for grant giving to institutions and individuals who undertake mission activities that further the charity's own objects.

Restricted

The Wentworth Fund is money restricted to supporting those in financial need.

The Tower Fund is money restricted to the Tower Project which involves carrying out essential repair and restoration of the church tower.

14 Transactions with related parties

During the year the charity:

During the year the charity also made the following payments to, or for, related parties: a) Luke Farrant, who is closely related to Peter Farrant (a trustee), received a grant of £1,500 (2024: £nil) for mission activities.

Except for the reimbursement of expenses incurred when acting as agent for the charity, or incurred when undertaking employment duties, no expenses were paid to (or for) the trustees.

Page 15

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