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PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY, DARLINGTON

Financial Statements

for the year ending 31 December 2020

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY, DARLINGTON YEAR ENDING 31[st] DECEMBER 2020

Page 2 of 9

Independent Examiner’s report To the Parochial Church Council of Holy Trinity, Darlington

This report is on the accounts of the PCC for the year ended 31[st] December 2020 which are set out on pages 3 - 9 following in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 (‘the Regulations’), and section 145 of the Charities Act 2011 (‘the Act’).

Respective responsibilities of the trustees and examiner

As members of the PCC you are responsible for the preparation of the financial statements, and you consider the audit requirement of the Regulations and section 144(2) of the Act does not apply. It is my responsibility to issue a report on these accounts in accordance with the terms of the Church Accounting Regulations 2006.

My examination was carried out in accordance with the general directions given by the Charity Commission under section 145(5)(b)of the Act and to be found in the Church guidance, 2011 edition. The examination includes a review of the accounting records kept by the PCC and the comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the financial statements and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent Examiner’s Statement

In connection with the examination no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

(a) to keep accounting records in accordance with section 130 of the Act; and
(b) to prepare accounts in accordance with the accounting records and to comply with the requirements of the Act, as also contained in the Church Accounting regulations 2006 have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

David Park 38 Swaledale Avenue Darlington DL3 9AL

29 March 2021

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY, DARLINGTON YEAR ENDING 31[st] DECEMBER 2020

Page 3 of 9

Statement of Financial Activities

Statement of Financial Activities	Statement of Financial Activities
Notes		2020 2020 2020 2020 2019 Unrestricted funds Designated funds Restricted funds Total funds Total funds £ £ £ £ £
Income from: Donations and legacies 2(a) Income from charitable activities 2(b) Other trading activities 2(c) Investments 2(d) Total income Expenditure on: Raising funds 2(e) Expenditure on charitable activities 2(f) Total expenditure Net income / (expenditure) resources before transfers Transfers between funds Net movement in funds Total funds brought forward 1 Jan Total funds carried forward 31 Dec Balance sheet Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand Liabilities Creditors: Amounts falling due in one year Net current assets less current liabilities Total net assets less liabilities Represented by: Unrestricted General fund Designated Building fund General expenses fund Restricted Charity collections Flower fund Funds of the church		69,206 — 504 — 1,560 — 85 215	746 69,952 44,580 — 504 2,010 — 1,560 6,298 — 300 662
		71,355 215 90 — 67,014 —	746 72,316 53,550 — 90 361 547 67,561 74,713
		67,104 —	547 67,651 75,074
		4,251 215 — —	199 4,665 (21,524) — — —
		4,251 215 221,468 50,769	199 4,665 (21,524) 44 272,281 293,805
		225,719 50,984	243 276,946 272,281

		Notes	2020 Total funds £ 2019 Total funds £
	Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand Liabilities Creditors: Amounts falling due in one year Net current assets less current liabilities Total net assets less liabilities Represented by: Unrestricted General fund Designated Building fund General expenses fund Restricted Charity collections Flower fund Funds of the church	3 4 5 6 7	170,619 178,145
			170,619 178,145 3,805 9,009 103,272 85,127
			107,077 94,136 750 —
			750 —
			106,327 94,136
			276,946 272,281 225,719 221,468 20,391 20,305 30,593 30,464 159 — 84 44
			276,946 272,281

Approved by the Parochial Church Council on Tuesday 9[th] March 2021 and signed on its behalf by:

Helen Morgan PCC Chairman

The notes on pages 4 - 9 form part of these accounts.

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY, DARLINGTON YEAR ENDING 31[st] DECEMBER 2020

Page 4 of 9

Notes to the Financial Statements

1. Accounting Policies

The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs together with the applicable accounting standards, FRS102 (2016) and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102)).

The financial statements have been prepared on an accruals basis under the historical cost convention. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members. The activities of Holy Trinity Youth Centre are not included in the accounts of the PCC as it is a separately registered charity.

Funds

Restricted funds represent donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to the individual funds on an average balances basis.

Unrestricted funds are general funds which can be used for PCC ordinary purposes.

Designated funds are general funds set aside by the PCC for use in the future. Designated funds remain unrestricted and can be moved to other general funds if the PCC so decides. During the year the PCC designated general funds for the purpose of building repairs and funds to cover approximately 6 months church running expenses.

Incoming resources

Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. All other income is recognised when it is receivable. All incoming resources are accounted for gross.

Resources expended

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross.

Fixed assets

Consecrated and benefice property is not included in the accounts in accordance with sections 10(2)(a) of the Charities Act 2011.

Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church's inventory. For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Subsequently no individual item has cost more than £1,000 so all such expenditure has been written off when incurred.

Freehold land and buildings comprise of the hall at Walkington House, Vane Terrace and the Youth Centre on Pierremont Road.

Walkington House was constructed by the PCC in the garden of 12 Vane Terrace (the house at 12 Vane Terrace was gifted to the parish in the 1960s and sold in 2013). No cost information was available for the property and the brought forward carrying value is the PCC's estimate of current market value of similar

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY, DARLINGTON YEAR ENDING 31[st] DECEMBER 2020

Page 5 of 9

property in the local area. No depreciation is provided on Walkington House as the currently estimated residual value of Walkington House derives mainly from the value of the freehold land which would not depreciate. Any resulting depreciation from an estimate of the building value is viewed to be immaterial.

The Youth Centre on Pierremont Road was constructed in 1974. The land and building are property of the PCC. The centre is operated by the Holy Trinity Youth Centre Management Committee (charity number 507430). No cost information is available for the property and no value is attributed to it in the accounts.

Fixtures, fittings and equipment used within the church & hall premises are depreciated on a straight-line basis over the useful economic life of the assets (ranging from 4 - 20 years). Individual items of equipment with a purchase price of £1,000 or less are written of when the asset is acquired.

Note 2 - Analysis of income and expenditure

	2020 2020 2020 2020 2019 Unrestricted Designated Restricted Total Total £ £ £ £ £
2(a) Income from donations and legacies Planned giving – Gift Aid Planned giving - other Loose plate collections Donations appeals etc – Gift Aid Donations appeals etc – other Tax recoverable on Gift Aid Legacies (see note 8) Recurring grants (see note 9) Other funds generated Total	31,245 — — 31,245 24,625 3,034 — — 3,034 4,234 917 — 89 1,006 4,370 960 — — 960 1,348 2,039 — 357 2,396 1,669 8,541 — — 8,541 7,743 22,276 — — 22,276 — — — 300 300 400 194 — — 194 191
	69,206 — 746 69,952 44,580
2(b) Income from charitable activities PCC fees for weddings and funerals Assigned fees for weddings and funerals Parish magazine sales Total	348 — — 348 1,361 77 — — 77 543 79 — — 79 106
	504 — — 504 2,010
2(c) Income from other trading activities Walkington House lettings Fundraising events Other fundraising Total	954 — — 954 3,860 513 — — 513 2,222 93 — — 93 216
	1,560 — — 1,560 6,298
2(d) Income from investments Bank and building society interest Total	85 215 — 300 662
	85 215 — 300 662
INCOME TOTAL	71,355 215 746 72,316 53,550

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY, DARLINGTON YEAR ENDING 31[st] DECEMBER 2020

Page 6 of 9

Note 2 - Analysis of income and expenditure (continued)

----- Start of picture text -----
2020 2020 2020 2020 2019
Unrestricte Designated Restricted Total Total
d
£ £ £ £ £
2(e) Expenditure on raising funds
Costs of stewardship campaign — — — — 147
Costs of fundraising events 90 — — 90 214
Total 90 — — 90 361
2(f) Expenditure on charitable activities
(i) Parish share / Deanery share 42,960 — — 42,960 41,865
(ii) Clergy & staffing costs
Verger & organist fees 161 — — 161 823
Working expenses of incumbent 135 — — 135 359
Parsonage – water & phone 230 — — 230 556
Parish training and mission — — — — 116
Youth & childrens activities 18 — — 18 291
544 — — 544 2,145
(iii) Church running costs
Insurance 5,586 — — 5,586 5,664
Depreciation 5,575 — — 5,575 6,421
Electricity, gas & water 3,735 — — 3,735 4,215
Church maintenance 1,526 — — 1,526 1,922
Security 654 — — 654 879
Cleaning — — — — 4
Upkeep of services 992 — 56 1,048 1,039
Church equipment 110 — — 110 —
Administration 271 — — 271 254
Printing & stationery 770 — — 770 1,018
Bank charges (393) — — (393) 442
Magazine expenses — — — — 45
18,826 — 56 18,882 21,903
(iv) Church major repairs
Church major repairs 250 — — 250 —
250 — — 250 —
(v) Charitable giving (see note 10)
Home mission 420 — 402 822 2,176
Secular charities — — 89 89 1,376
Relief and development agencies — — — 0 —
420 — 491 911 3,552
(vi) Walkington House running costs
Electricity, gas & water 1,229 — — 1,229 1,443
Insurance 612 — — 612 731
Repairs & maintenance 222 — — 222 224
Cleaning — — — — 899
— —
Depreciation 1,951 1,951 1,951
4,014 — — 4,014 5,248
Total 67,014 — 547 67,561 74,713
EXPENDITURE TOTAL 67,104 — 547 67,651 75,074
TOTAL NET INCOME / (EXPENDITURE) 4,251 215 199 4,665 (21,524)
----- End of picture text -----

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY, DARLINGTON YEAR ENDING 31[st] DECEMBER 2020

Page 7 of 9

Note 3 Fixed assets for use by the PCC

	2020 2020 2020 2020 2019 Unrestricted Designated Restricted Total Total £ £ £ £ £
Fixed assets - Tangible assets Church servery Church heating system Church roof alarm Church notice board Church sound system Church carpets Chairs Walkington House building Walkington House windows Walkington House kitchen Walkington House floor Holy Trinity Youth Centre Total	30,173 — — 30,173 32,184 25,942 — — 25,942 28,075 1,302 — — 1,302 1,762 472 — — 472 617 — — — — — 2,201 — — 2,201 2,523 3,864 — — 3,864 4,368 100,000 — — 100,000 100,000 2,146 — — 2,146 2,774 4,519 — — 4,519 5,842 — — — — — — — — — —
	170,619 — — 170,619 178,145

Changes in fixed asset values during the year are summarized as follows:

	Holy Trinity	Walkington	Walkington	Church	Total
	Youth	House	House	fixtures,
	Centre		fixtures,	fittings &
			fittings &	equipment
			equipment
Gross book value 1 January 2020	—	100,000	22,832	101,802	224,634
Additions	—	—	—	—	—
Disposals	—	—	—	—	—
Gross book value 31 December 2020	—	100,000	22,832	101,802	224,634
Depreciation 1 January 2020	—	—	14,216	32,273	46,489
Disposals	—	—	—	—	—
Charge for the year	—	—	1,951	5,575	7,526
Depreciation 31 December 2020	—	—	16,167	37,848	54,015
Net book value 1 January 2020	—	100,000	8,616	69,529	178,145
Net book value 31 December 2020	—	100,000	6,665	63,954	170,619

Note 4 Current assets - Debtors

	2020 2020 2020 2020 2019 Unrestricted Designated Restricted Total Total £ £ £ £ £
Tax recoverable on Gift Aid donations Other amounts receivable Prepaid insurance Totals	3,548 — — 3,548 4,124 257 257 — — — — — 4,885
	3,805 — — 3,805 9,009

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY, DARLINGTON YEAR ENDING 31[st] DECEMBER 2020

Page 8 of 9

Note 5 Current assets – Cash at bank and in hand

	2020	2020	2020	2020	2019
	Unrestricted	Designated	Restricted	Total	Total
	£	£	£	£	£
Current assets - Cash at bank and in hand
Barclays current and deposit accounts	22,774	—	159	22,933	106
Darlington Credit Union deposit account	15,245	—	—	15,245	15,245
CCLA (CBF) deposit accounts	14,026	50,984	—	65,010	69,732
Cash in hand - Flower funds	—	—	84	84	44
Total	52,045	50,984	243	103,272	85,127

Note 6 Current liabilities – creditors falling due in less than one year

	2020 2020 2020 2020 2019 Unrestricted Designated Restricted Total Total £ £ £ £ £
Current liabilities – creditors due < 1 year Other invoices relating to the year Wedding deposits Total	— — — — — 750 — — 750 —
	750 — — 750 —

Note 7 Fund movement by type

	2020 Opening £ 2020 Incoming £ 2020 Outgoing £ 2020 Transfers £ 2020 Closing £
Building Fund Restricted Designated Sub-total for Building Church running expense fund Designated Sub-total for Expenses Charity collections Restricted Sub-total for Charity Flower fund Restricted Sub-total for Flower Walkington House fund Restricted Sub-total for Flower General fund Unrestricted Sub-total for General Grand total	— — — — — 20,305 86 — — 20,391
	20,305 86 — — 20,391 30,464 129 — — 30,593
	30,464 129 — — 30,593 — 650 491 — 159
	— 650 491 — 159 44 96 56 — 84
	44 96 56 — 84 — — — — —
	— — — — — 221,468 71,355 67,104 — 225,719
	221,468 71,355 67,104 — 225,719 272,281 72,316 67,651 — 276,946

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY, DARLINGTON YEAR ENDING 31[st] DECEMBER 2020

Page 9 of 9

Note 8 Legacies

During the year the PCC received legacies from the estates of the following persons:

	2020 2020 2020 2020 2019 Unrestricted Designated Restricted Total Total £ £ £ £ £
Legacies received Joan Butler Joyce Waites Total	1,000 — — 1,000 — 21,276 — — 21,276 —
	22,276 — — 22,276 —

In 2020 the PCC received the final distribution from the legacy of the late Joyce Waites who died in April 2014. The total received from Joyce’s estate was £106,276, and was recognised when received in 2015, 2016 and 2020.

Note 9 Grants received

During the year the PCC received an annual grant allocation from the Thomas Metcalfe Barron Community First Fund of £300 (2019: £400). The grant conditions are that the funds are to be used to support activities linked to the festive season for the benefit of the elderly of the parish. In this unusual year, the grant conditions were varied to allow any activities that benefit members of the parish that are disadvantaged through poverty or isolation. In light of this, £141 was used to provide a Christmas hamper to eligible members of the Sunday lunch club and the remaining £159 was used in 2021 towards the costs of spring baskets distributed to all church members in February including a message of hope for the new year.

Note 10 Charitable and other giving

The following charitable giving payments were made during the year:

	2020 2020 2020 2019 Unrestricted Restricted Total Total £ £ £ £
Barnabas Fund Children's Society Christian Aid Church Urban Fund Churches together in Darlington DACYM (M+M Stand) Darlington Deanery school work “Christmas Journey” Durham Lesotho Link First Stop Holy Trinity Lunch Club Kings Church Foodbank Macmillan Cancer Support Mind Mission to Seafarers Royal British Legion St Teresa's Hospice Total	— — — 16 — 200 200 415 — 61 61 49 — — — 27 — — — 50 375 — 375 900 — — — 50 — — — 200 — — — 25 — 141 141 400 45 — 45 60 — — — 351 — 89 89 — — — — 9 — — — 990 — — — 10
	420 491 911 3,552

Extract from Financial Statements as submitted

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY, DARLINGTON Page 2 of 9 YEAR ENDING 31st DECEMBER 2020 Independent Examiner’s report To the Parochial Church Council of Holy Trinity, Darlington

This report is on the accounts of the PCC for the year ended 31st December 2020 which are set out on pages 3 – 9 following in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 (‘the Regulations’), and section 145 of the Charities Act 2011 (‘the Act’).

Respective responsibilities of the trustees and examiner

. Independent Examiner’s Statement

In connection with the examination no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

(a) to keep accounting records in accordance with section 130 of the Act; and (b) to prepare accounts in accordance with the accounting records and to comply with the requirements of the

Act, as also contained in the Church Accounting regulations 2006 have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

David Park 38 Swaledale Avenue Darlington DL3 9AL

2020-12-31-accounts

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PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY, DARLINGTON

Financial Statements

Independent Examiner’s report To the Parochial Church Council of Holy Trinity, Darlington

Respective responsibilities of the trustees and examiner

Independent Examiner’s Statement

Statement of Financial Activities

Helen Morgan PCC Chairman

Notes to the Financial Statements

1. Accounting Policies

Funds

Incoming resources

Resources expended

Fixed assets

Note 2 - Analysis of income and expenditure

Note 2 - Analysis of income and expenditure (continued)

Note 3 Fixed assets for use by the PCC

Note 4 Current assets - Debtors

Note 5 Current assets – Cash at bank and in hand

Note 6 Current liabilities – creditors falling due in less than one year

Note 7 Fund movement by type

Note 8 Legacies

Note 9 Grants received

Note 10 Charitable and other giving

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