## Annual Report and Accounts for the Parochial Church Council of Holy Trinity with All Saints, South Kensington for the year ended 31 December 2022 ## Aim and purposes The Parochial Church Council (PCC) of Holy Trinity with All Saints, South Kensington, has the responsibility of co-operating with the Archdeacon of Charing Cross, the Reverend Adam Atkinson (in the absence of a Priest in charge) in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of the buildings and fabric of Holy Trinity Church. ## **Objectives and activities** The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at Holy Trinity. The PCC maintains an overview of worship throughout the parish and makes suggestions as to how our services can involve the population that lives within our parish as well as the numerous visitors from outside it. Our services and worship put faith into practice through prayer and scripture, music and sacrament. When planning our activities for the year we have considered the Charity Commission’s guidance on public benefit and specifically the supplementary guidance on charities for the advancement of religion. In particular, we try to enable people to live out their faith as part of our parish community through: • Worship and prayer; learning about the gospel and developing their knowledge and trust in Jesus. • Provision of pastoral care for people living in the parish. • Music, which plays a very significant part in the worship in Holy Trinity and is what draws many people to the services here. Tim Roe maintains a very high standard of choral singing. • Our grade 1 listed building that combines great beauty with an atmosphere of prayer and stillness. Its upkeep is a priority to the PCC and the subject of much labour and expenditure. ## **Achievements and performance** ## **Worship and prayer** The PCC is keen to offer services on Sundays and during the week that our community finds beneficial and spiritually fulfilling. The Sunday morning services and all festivals are directed primarily to those who appreciate the language and theology enshrined in the 1662 Book of Common Prayer (BCP). As well as choral Matins on the second and fourth Sundays, and choral Eucharist on the first and third (and fifth) Sundays, there is a midweek lunchtime Eucharist every week (Common Worship), and choral Evensong provided by the Chamber Choir of Imperial College during term time, fortnightly on Wednesdays. The Wednesday lunchtime service provides a time for reflection for those studying and working in the vicinity. We have continued with our online service of Evensong at 6 p.m. on Sunday evenings, which began during lockdown, enabling us to reach a wider audience, including some who worshipped at Holy Trinity in the past and now live overseas. We are grateful to the Reverend Trevor Jordan for taking these services. The Interregnum that began on 28 February 2020 continued throughout 2022. We have recently been informed that the Reverend Jennie Sharpe will be appointed as our new Priest in Charge in early July 2023. We continue to be grateful to our ‘rota’ of clergy, some retired, who have taken our Sunday morning services (both in church and online) during the interregnum. We continue to maintain our strong links with the Chaplaincy and music department and administration of Imperial College. We also have fruitful relations with a local non-church school which holds important acts of worship in the church. The Priest in Charge holds services in one of these schools four times a term. We use printed Order of Service booklets containing those parts of the Book of Common Prayer that we use for Matins and Eucharist. These are designed to make it easier for those not familiar with the BCP to follow. We are an ‘Inclusive Church’ and all are welcome to attend our services. At present there are 46 parishioners on the Church Electoral Roll. As well as our regular services, we enable our community to celebrate and thank God at the milestones of the journey through life. Through baptism we thank God for the gift of life, in marriage public vows are exchanged with God’s blessing and through funeral services friends and family express their grief and give thanks for the life which is now complete in this world, and commend the person into God’s keeping. Prior to lockdown on the second Sunday of the month, six times a year, the Parish organised a lunch in the Church Hall, immediately following the morning service. This was usually attended by between 20 and 30 people, including members of the choir and visitors to the area. We hope to resume this event as it was an important part of our parish life and added a social dimension to the spiritual and theological ones. The church is a member of Churches Together in Westminster. ## **Deanery Synod** One member of the PCC sits on the deanery synod. This provides the PCC with an important link between the parish and the wider structures of the church. ## **Use of the Church and Hall** We want our church to be open to our local community for uses other than worship, where these uses are compatible with the objects of the church. Accordingly, outside lockdown, the church is used by a variety of musical, educational and artistic organisations based in and around South Kensington. We are particularly proud of our connections with Imperial College, the Royal College of Music, the Royal Albert Hall and the Royal College of Art, all of which make up the educational and arts environment in South Kensington referred to as ‘Albertopolis’. We host the annual Proms service. During the week the hall is used by a nursery school that pays a commercial rent to use the hall four days a week. There is also a Saturday children’s school that rents the hall. We are a member of the South Kensington Business Resilience Forum. A summary of forthcoming events is set out in our Bulletin that is handed out to those attending our services and is available to visitors to the church. ## **Financial review for the year ended 31 December 2022** Total receipts into unrestricted funds for the year were £125,181, of which £36,910 comprised incoming resources from donors and a further £28,182 was represented by other voluntary income. Restricted grants of £15,333 were also received, which funded the building insurance premium. Income from investments was £4,838, rent from the Nursery school and Vestry flat came to £39,918. Total receipts fell by £10,855 (8%) compared with 2021, mainly as a reduction in collections. £110,864 was spent from unrestricted funds to provide Christian ministry. This represented a reduction of £12,713 on the previous year. Total spending for the year included the contribution to the diocesan parish share which increased by £2,000 to £57,000, helping to provide stipends, pensions and housing for the clergy. Unrestricted funds increased by £14,317 before taking account of a loss in the value of investments of £4,925. During the year, total fund balances increased from £132,711 to £142,103, of which £140,491 was unrestricted and £1,612 restricted. In contrast with recent years only £2,442 was spent on repairs to the building. ## **Reserves policy** It is PCC policy to try to maintain a balance on free reserves (net current assets) which equates to at least twelve months' unrestricted expenditure. This was equivalent to £110,864 in 2022 and is to cover unforeseen events, such as short-term fluctuations in cash flow and to meet emergencies, such as urgent repairs to the building and fabric of the church, which are to be expected when dealing with the obligation to maintain a listed historic building. The balance of free reserves at 31 December 2022 was £140,491, which represents approximately 15.2 months’ unrestricted payments (2021: 12.6 months). The balance of £1,612 in the restricted fund represents funds set aside to maintain and repair the organ. It is intended that this balance will be spent at some point in the next two years. It is our policy to hold most of our cash at bank in a Nat West current account, with the remainder held on a deposit account to meet short and medium-term requirements. The rest of our capital is invested in the M&G Charifund account, which provides opportunities for capital growth as well as a modest but regular income. ## **Volunteers** We should like to thank all the volunteers who work so hard to make our church the lively and vibrant community it is. In particular, we want to mention our churchwardens, Chris Cann and Paul Meitner (who also serves as Treasurer), PCC Secretary Catriona Howatson, as well as the rest of our PCC. ## **Structure, governance and management** The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure and is a Registered Charity. The method of appointment of PCC members is set out in the Church Representation Rules. At Holy Trinity the membership of the PCC consists of the Priest in Charge, two churchwardens and ordinary members elected by those on the electoral roll of the church. All members of the congregation are encouraged to register on the Electoral Roll and stand for election to the PCC. The PCC is responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. New members receive initial training into the workings of the PCC. The PCC has 5 members elected annually. It has met 5 times since the last APCM. The PCC members are Trustees of the church and as such have great responsibility to examine the finances and expenditure of the church, the appropriate uses and maintenance of its Grade 1listed building and how we engage with the outside world. The PCC considers and approves matters relating to Health & Safety legislation. It has adopted the Diocesan Safeguarding Policy. It voted to increase the annual Common Fund contribution to £59,000 in 2023, from £57,000 in 2022. It considered when to hold a Gift Day and how to apportion the giving. The PCC continues to support Inclusive Church and supports its statement of belief: ‘Inclusive Church exists to support and challenge the church to be open and inclusive to all people.’ ## **Administrative information** Holy Trinity Church is situated in Prince Consort Road, South Kensington. It is part of the Diocese of London within the Church of England. The correspondence address is Holy Trinity Church, Prince Consort Road, London SW7 2BA. It is a registered charity, number 1162519. PCC members who have served at any time from 1 January 2022 until the date this report was approved are: ## **Ex Officio members:** Priest in Charge: Vacant Assistant Priest: Vacant Churchwardens: Mr Chris Cann and Mr Paul Meitner Deanery Synod Representative and Secretary: Miss Catriona Howatson ## **Elected members:** Mr Richard Buckingham Mrs Caroline Burke Ms Tara Dudley Smith Mr Alan Pardoe Mrs Carol Seymour-Newton Mr Chris Williams Approved by the APCM on 23 April 2023 and signed on its behalf by Paul Meitner as PCC Chair Paul Meitner HOLY TRINITY wm4 ALL SAINTS CHURCH StATEMENT OF AssErs AND UABIUTIES AS AT 31st DECEMBER 2022 MONETARY ASSE[5 Notes 2022 2021 General Fund: B account Current Club/Societies Reserve M&G Charrfund 579 35.695 88,422 59.624 83.497 144.521 124,696 Debtors.. Church hirer5 HMRC- Gift Aid tax ￿bate Diocese of London- clergy Utilities overcharge DCMS Grant Scheme Singer overpayTnent Bequest 2,502 6.767 1.195 2.394 434 343 195 332 10,000 7354 20,796 151.874 145,492 Facilities Manager Independent Examiner Diocese of London= funeral fee 9671 12,473 108 9.771 12.781 142,103 132,711 ACCUMULATED FUNDS General Fund Organ Fund 140.491 1,612 131.099 1,612 142,103 132,711 Notes to the accounts are on page 4 Paul Meitner Treasurer Date.- 2310412023 HOLY TRINITY WITH ALL sAI￿[s CHURCH General Fund Receipts & P￿ents Account 2022 2021 RECEIPTS Note5 Incoming resources frorn donor5 Collections- General Fund Collections- Gift Day Gft Aid Tax rebate lestimatedl Bequest Donations Donation for specific objects 13.785 24,904 6,767 13.OCKI 2.320 16.219 3.025 1.500 36,910 60.836 Other voluntary incoming resources Use of Church Baptism, Weddin& Memorial fees Guide, Newsletter Inet), other sales 27,832 350 19,115 228 171 28.182 19,514 Grants from Church House Fund Trust Diocese of London- ener8Y Insurance claim Diocese o* London.. clergy DCMSGrant Scheme 10.012 2,641 1.162 1,175 343 9.724 1.195 1,195 1,972 15.333 12,891 Income from investments M&G Charifund Deposit interest IClubs/Socs. Reserve) 4.716 122 4.205 4.838 4.207 Income from charitsble and ancillarytradir Rent from Nursery School Reftt from Vestry fL3t 36,878 35,550 39.918 38.590 Total Receipts 125,181 136.036 Notes to the accouT7ts are on p. 4 HOLYTrINITY WETH ALL SAINTS CHURCH Page 2 General Fund Re￿ipts & Payments Attount 2022 2021 Notes Brought fornard from p. 2 125.181 136,036 PAYMENTS Activities dirertly relating to the work of the Church Diocesan Quota Organists & Facilities Manager Insurance Choir Church staff emoluments Clergy expenses Repairs to Burldings Repairs to Equipment Heat, light, power Westminster Deanery Synod Flat & Vestry repairs Professional fees- Legal Telephone & Broadband Websrte Sundry Printin& postage, stationery Faciltties Manager= supplies Repairs to Organ Bank char8e5 Sanctuary expenses Copyri8ht li￿nCe Water rates Independent Examiner Diocese of London- fees 57,CKN) 17.822 10,012 55.0 26.693 9,724 5.830 5,774 1,195 13,873 301 5.774 3,129 2.442 1.457 1.175 1.994 426 130 785 557 313 287 281 214 212 21X) 169 152 i(x) 29 976 193 212 21x1 298 108 Totsl payrnents 110.864 123,577 Excess of Receipts over Payments Balances at tst January Gain / (Lossl in value of M&G Charifund Balances at 3tst December 14,317 12,459 1.099 108,206 (4,925) 10,434 140.491 131,099 HOLY TRINITY wrrH ALL SAipifs CHURCH 2022 2021 Notes i) OrganistlFacilities Mana8er Deputy organists 17,702 120 26.693 17,822 26.693 2021 figure includes the settlement of arrears of pay from earlier periods 2022 figure includes the settlement of pension contributions from earlier periods Ofthe above amounts, £9,671 was unpaid as at 31st December 2022 21 Organ Fund Balance at 1st January TransFer from General Fund 1.612 1,612 Balance at 3tst December 1.612 1,612 page 4 HOLY TRINITY WITH ALL SAINfs CHURCH Independent examinerfs reportto the PCC of HolyTrfnlty wlth All Saints Churth This report on the financial statements of the PCC forthe year ended 31 Detember 2022 whid) are set out on pages I to 4. is in respert of an examination carried out in accordance with the Church Accounting Regulations l-the RegLtlatTons~l and section 145 of the Charities Act 20111~the 2011 Acffl. Respective responsibilitles of the PCC and the examlner As members of the PCC you are responsible forthe preparatson of the financial 5taternents. You consider that the audit requirement of the Regulations and section 144 of the 2011 Act do not apply. It is my responslbility to issue this report on those financial statements in accordance with the terms of the Regulations. Basls of thls report My examination was carried out in accordance WFth the General Direttions given by the Charity Commission under section 14515llbl of the 2011 Act 3nd to be found in the Church Guidance. issued by the Finance Division of the Archbishops, Council. That examination indude5 a review of the aECQUftting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the financial statements and seeking exp13nations from you as trustees concerning any such matters. The prOced￿re5 undertaken do not provide all the eviden￿ that would be required IA an audit. and consequently I do not express an audit opinion on the viewgiven by the accounts. In connection wtth my examination, no matterhas come to my attertion- 111 which gives me reasonable cause to believe that in any material respect the requirements to keep accoLtnting records in accordance with sectlon 130 o*the 2011 Act- and to prepare financial statements, whi¢h 3ccord wich the accounting recortls and comply with the requirements of the 2011 Act and the Regulations have not been met- or 121 to which, in my opinion, attention should be drawn in order to enable 3 proper understsnding of the accounts to be reached. Signatu Date.. Julia Palmer 7 Ernest Court 122 Bowen Drive London SE218PL page 5 HOLY TRINITY wm4 ALL SAINTS CHURCH StATEMENT OF AssErs AND UABIUTIES AS AT 31st DECEMBER 2022 MONETARY ASSE[5 Notes 2022 2021 General Fund: B account Current Club/Societies Reserve M&G Charrfund 579 35.695 88,422 59.624 83.497 144.521 124,696 Debtors.. Church hirer5 HMRC- Gift Aid tax ￿bate Diocese of London- clergy Utilities overcharge DCMS Grant Scheme Singer overpayTnent Bequest 2,502 6.767 1.195 2.394 434 343 195 332 10,000 7354 20,796 151.874 145,492 Facilities Manager Independent Examiner Diocese of London= funeral fee 9671 12,473 108 9.771 12.781 142,103 132,711 ACCUMULATED FUNDS General Fund Organ Fund 140.491 1,612 131.099 1,612 142,103 132,711 Notes to the accounts are on page 4 Paul Meitner Treasurer Date.- 2310412023 HOLY TRINITY WITH ALL sAI￿[s CHURCH General Fund Receipts & P￿ents Account 2022 2021 RECEIPTS Note5 Incoming resources frorn donor5 Collections- General Fund Collections- Gift Day Gft Aid Tax rebate lestimatedl Bequest Donations Donation for specific objects 13.785 24,904 6,767 13.OCKI 2.320 16.219 3.025 1.500 36,910 60.836 Other voluntary incoming resources Use of Church Baptism, Weddin& Memorial fees Guide, Newsletter Inet), other sales 27,832 350 19,115 228 171 28.182 19,514 Grants from Church House Fund Trust Diocese of London- ener8Y Insurance claim Diocese o* London.. clergy DCMSGrant Scheme 10.012 2,641 1.162 1,175 343 9.724 1.195 1,195 1,972 15.333 12,891 Income from investments M&G Charifund Deposit interest IClubs/Socs. Reserve) 4.716 122 4.205 4.838 4.207 Income from charitsble and ancillarytradir Rent from Nursery School Reftt from Vestry fL3t 36,878 35,550 39.918 38.590 Total Receipts 125,181 136.036 Notes to the accouT7ts are on p. 4 HOLYTrINITY WETH ALL SAINTS CHURCH Page 2 General Fund Re￿ipts & Payments Attount 2022 2021 Notes Brought fornard from p. 2 125.181 136,036 PAYMENTS Activities dirertly relating to the work of the Church Diocesan Quota Organists & Facilities Manager Insurance Choir Church staff emoluments Clergy expenses Repairs to Burldings Repairs to Equipment Heat, light, power Westminster Deanery Synod Flat & Vestry repairs Professional fees- Legal Telephone & Broadband Websrte Sundry Printin& postage, stationery Faciltties Manager= supplies Repairs to Organ Bank char8e5 Sanctuary expenses Copyri8ht li￿nCe Water rates Independent Examiner Diocese of London- fees 57,CKN) 17.822 10,012 55.0 26.693 9,724 5.830 5,774 1,195 13,873 301 5.774 3,129 2.442 1.457 1.175 1.994 426 130 785 557 313 287 281 214 212 21X) 169 152 i(x) 29 976 193 212 21x1 298 108 Totsl payrnents 110.864 123,577 Excess of Receipts over Payments Balances at tst January Gain / (Lossl in value of M&G Charifund Balances at 3tst December 14,317 12,459 1.099 108,206 (4,925) 10,434 140.491 131,099 HOLY TRINITY wrrH ALL SAipifs CHURCH 2022 2021 Notes i) OrganistlFacilities Mana8er Deputy organists 17,702 120 26.693 17,822 26.693 2021 figure includes the settlement of arrears of pay from earlier periods 2022 figure includes the settlement of pension contributions from earlier periods Ofthe above amounts, £9,671 was unpaid as at 31st December 2022 21 Organ Fund Balance at 1st January TransFer from General Fund 1.612 1,612 Balance at 3tst December 1.612 1,612 page 4 HOLY TRINITY WITH ALL SAINfs CHURCH Independent examinerfs reportto the PCC of HolyTrfnlty wlth All Saints Churth This report on the financial statements of the PCC forthe year ended 31 Detember 2022 whid) are set out on pages I to 4. is in respert of an examination carried out in accordance with the Church Accounting Regulations l-the RegLtlatTons~l and section 145 of the Charities Act 20111~the 2011 Acffl. Respective responsibilitles of the PCC and the examlner As members of the PCC you are responsible forthe preparatson of the financial 5taternents. You consider that the audit requirement of the Regulations and section 144 of the 2011 Act do not apply. It is my responslbility to issue this report on those financial statements in accordance with the terms of the Regulations. Basls of thls report My examination was carried out in accordance WFth the General Direttions given by the Charity Commission under section 14515llbl of the 2011 Act 3nd to be found in the Church Guidance. issued by the Finance Division of the Archbishops, Council. That examination indude5 a review of the aECQUftting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the financial statements and seeking exp13nations from you as trustees concerning any such matters. The prOced￿re5 undertaken do not provide all the eviden￿ that would be required IA an audit. and consequently I do not express an audit opinion on the viewgiven by the accounts. In connection wtth my examination, no matterhas come to my attertion- 111 which gives me reasonable cause to believe that in any material respect the requirements to keep accoLtnting records in accordance with sectlon 130 o*the 2011 Act- and to prepare financial statements, whi¢h 3ccord wich the accounting recortls and comply with the requirements of the 2011 Act and the Regulations have not been met- or 121 to which, in my opinion, attention should be drawn in order to enable 3 proper understsnding of the accounts to be reached. Signatu Date.. Julia Palmer 7 Ernest Court 122 Bowen Drive London SE218PL page 5