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2020-12-31-accounts

UNAUDITED REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

HOLY TRINITY PAROCHIAL CHURCH COUNCIL REGISTERED CHARITY NUMBER 1168350

HOLY TRINITY PAROCHIAL CHURCH COUNCIL

REGISTERED CHARITY NUMBER 1168350

INDEX TO THE FINANCIAL STATEMENTS

Page
Report of the Trustees 3
Independent Examiner’s Report 14
Statement of Financial Activities 15
Balance sheet 16
Notes to the Financial Statements 17

HOLY TRINITY PAROCHIAL CHURCH COUNCIL

REPORT OF THE TRUSTEES

The Parochial Church Council (“the PCC”) has pleasure in presenting its report together with the financial statements of the charity for the year ending 31 December 2020. Holy Trinity’s PCC is responsible, with the Vicar (Rev Mike Wilkins) for the whole mission of the church, and for its good governance.

Reference and administrative details

Charity number: 1168350 Principal address: Trinity Street Huddersfield HD1 4DT

There is access to the Church from Trinity Street and from Wentworth Street. The Church is part of the Diocese of Leeds. The office telephone number is 01484 513213 and the administration email address is office@holytrinityhuddersfield.com. Our website can be found at www.holytrinityhuddersfield.com.

PCC members

PCC members who have served at any time during 2020 until the date of this Annual Report are as follows:

Ex officio members from the November 2020 Annual Parochial Church Meeting (ACPM) Vicar: Rev. M Wilkins (Chair) Lay Reader: Mrs B Jepson-Playle Ms S Wilkins Churchwardens: Mr J Playle (Lay Vice-Chair) Mr I Spencer Ex Officio Members whose term of office expired at the November 2020 APCM Mr A Barber (Church Warden) Existing Elected Members from the November 2020 ACPM Mrs C Bentham (co-opted Treasurer) Mr A Bland Mrs H Handy Ms F Hawksbee Mr A Mosley Ms K Julien (Deanery Synod Rep) Ms K Mcguinn Ms R Mosley (Deanery Synod Rep) Ms N Seetaram Mr S Pape (Deanery Synod Rep) Mr P Triner (PCC Secretary Ms L Woodward

Elected PCC Members whose terms of office expired at the November 2020 ACPM Mr A Webb Ms J Rigg Ms R Laurence (Resigned August 2020)

Structure, Governance and Management

Governing Document

Holy Trinity Parochial Church Council is a charity governed by the Parochial Church Council Powers Measure (1956) as amended, and Church Representation Rules that came into force on 2 January 1957. It registered as a charity with the Charity Commission on 21 July 2016.

The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is a registered charity. The method of appointment of PCC members is set out in the Church Representation Rules. At Holy Trinity, the

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membership of the PCC consists of our stipendiary clergy, our two churchwardens, our lay readers, our Deanery Synod representatives and members elected by those members of the congregation who are on the electoral roll and who vote at the annual meeting.

Everyone who regularly attends our services is encouraged to register on the electoral roll and stand for election to the PCC. Our PCC members are responsible for making decisions by a majority on all matters of concern and importance to our church including deciding on how PCC funds are spent.

The full PCC met six times during the year with an average attendance of 82%. From March – December 2020 PCC meetings were held online via zoom due to Covid-19 restrictions in force at the time. Given its wide responsibilities, the PCC has a number of sub-committees each dealing with a particular aspect of parish life. These teams are all responsible to the PCC and report back to it regularly.

Deanery Synod

Deaneries are small geographical divisions of a Diocese, within which parishes are grouped under the care of an Area Dean. Each deanery is governed by a deanery synod. The deanery synod is a statutory body under the Synodical Government Measure 1969. Each deanery synod, one per deanery, consists, in the main, of the licensed and beneficed clergy of the deanery; the lay parochial representatives elected by the annual parochial church meetings of each parish in the deanery, and ex-officio (General and Diocesan Synod) members. Deanery Synods have a significant role in the synodical system. They are located between PCCs at parish level and the higher synodical levels of Area and Diocese. One of the most important objectives of the Synodical Government Measure 1969, was to strengthen church organisation at deanery level.

Holy Trinity is part of the Huddersfield Deanery which is made up of sixteen parishes. The synod has met three times over the past year. Three members of Holy Trinity Huddersfield PCC, together wiht our vicar, sit on the Deanery Synod. This provides the PCC with an important link to the wider structures of the Church.

Related Party

There are no PCC related parties’ transactions to report,

Objectives and activities for the public benefit

Over the last 12 months, Holy Trinity has, despite restrictions imposed by the Covid-19 pandemic, continued to develop its ministry and mission, seeking to live out our purpose: to make committed followers of Jesus and to share his transforming love .

Holy Trinity is Christ’s church. Our purpose is to glorify him in our worship, declare him in our mission and evangelism, deepen our relationship with him in our discipleship, and share his love with one another in our fellowship and pastoral care. We believe that a Christian community living a Jesus-centred life adds enormous value to society.

Our core values, centred on Jesus Christ and communicated in our 2015 vision document, are the means by which we seek to live out our day-to-day ministry and mission:

When considering the objectives of the charity, the PCC have considered the Charity Commission’s guidance on public benefit, and in particular the supplementary guidance on charities for the advancement of religion.

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Achievements and performance

Vicar’s (Chairperson) report

2020 was a unique year, and one which we at Holy Trinity will remember for many years to come. With the imposition of three national lockdowns and churches needing to close their doors, the fact that the church is not a building but a people has been truly experienced as a tangible reality. It has been a wonderful blessing, amidst the many challenges the year has brought, that many of us have been able to meet remotely to worship God and feed on his word together; that fellowship, prayer and encouragement has continued through Life Groups; and prayer and intercession has multiplied in our Engine Room gatherings and other prayer initiatives.

The COVID-19 pandemic has also been a means by which we have lived out our commitment at Holy Trinity to love Huddersfield. It has been really exciting and encouraging to see how as a church community we have sought to serve our parish, and how individuals and families are seeking to bless others and shine for Christ amongst their neighbours in their respective communities.

Recent feedback via our COVID-19 Reflections exercise has been helpful in hearing from our congregation how the past year has impacted them individually. Many of us have struggled at different times, but many of us have also seen our faith strengthened through adversity. As we begin to regather for meeting to worship in-person my hope is that, whilst some semblance of normality will return, God will also use our experiences of 2020 as a means to continue to deepen our trust in him, and that he will have used this time as a catalyst for the new thing that he wants to do in and through Holy Trinity.

Finally, thank you to all those who have served our church community so faithfully and adapted so effectively this year. We are blessed to have many leaders and teams – a huge thank you to them for serving and blessing us all. And to everyone who has served in hidden ways – praying, giving, encouraging, visiting, tidying, witnessing – your service has not gone unnoticed and has spurred others on, so thank you especially to you.

May God continue to use us and bless us as we continue to love God and love Huddersfield.

Worship and Attendance

In the early part of 2020 our Sunday worship continued to comprise our normal pattern of two distinct morning services, one at 9:00am (a traditional Anglican Communion service) and one at 10:45am (a more informal and contemporary service). Some members of the congregation move between these two services and fellowship between and after the services remained a positive element of our Sunday gatherings, an important factor in maintaining a sense of unity across the church. We continued to hold occasional joint services.

Due to the national Covid-19 lockdown our church building was closed for services from 23 March 2020 - September 5[th] 2020. The church was open for occasional covid-secure Private prayer, and Morning and Evening Prayer during this time as permitted by the changing Covid-19 regulations. Our church building was re-opened for one covid-secure (following national government and CoE guidance) Sunday Common Worship Holy Communion service each week from September 6[th] 2020. From March 2020 to date we produced a weekly online Sunday service of Morning Worship on our dedicated Holy Trinity Huddersfield YouTube channel. We also provided weekly Morning and Night Prayer on Facebook Live on our Facebook page.

Our average weekly attendance across both Sunday services up until closure of the building in March 2020 was 134 adults and 28 under 16s compared to 133 adults and 29 under 16s in 2019. Average attendance at our 9.00 am covid-secure Sunday communion service at church from September (when the church building was reopened) - December 2020 was 32. Viewing of our weekly online Sunday service of Morning Worship on YouTube increased from 153 when first launched in March 2020 to an average of 206 each week during December 2020.

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The church building was closed at Easter 2020 but the figures for viewing of our online service for Easter Sunday was 122. Bearing in mind that many of these individual views were likely to be by couple or families this probably represents an increase on attendance at the Easter Sunday service in church in 2019 which was 148. At Christmas 2020 we held a covid-secure service in our church building on Christmas Day led by the Bishop of Huddersfield (attended by 48). We also held a number of online Christmas services on our YouTube channel including a Family Christingle service (314 views) and a ‘HT Christmas Gift’ service (322 views). Even though most of our Christmas services were online this year the figures overall indicate a marked increase on the 349 people attending Christmas services in our church building in 2019 bearing in mind that many of these individual views were likely to be by couple or families.

Annual Parochial Church Meeting 2020

Normally our Annual church meeting (APCM), where new Church Wardens and members of the PCC are elected, occurs before the end of May each year. However, due to the covid-19 pandemic a Bishop’s instrument allowed for existing PCCs to continue up until the end of November 2020 and for the meeting to be conducted virtually/online. Our APCM for 2020 was conducted online (via Zoom) on November 9[th] 2020 with 70 people present.

Electoral Roll

The parish electoral roll is a list of all those entitled to vote on elections related to a particular parish in the Church of England . Those entitled to have their names on this roll have to:

The roll is updated every year before the Annual Church Meeting. At the Annual Meeting in 2020 there were 179 people on the electoral roll, an increase of 26 on 2019. Our overall worshipping community at December 2020 (those registered on our database) was approximately 316 people - comprising 254 adults and 62 under 16s. 30 new adults were added to our database in 2020. We continue to be a ‘gathered church’ with 75% of those on the electoral roll living outside the parish. Most of our growth continues to be due to transfer from other churches, and Christians joining us as they have moved into the area, although 2020 saw 7 new adults join us who had not regularly attended another church. Whilst encouraging, our ongoing desire is to see the church grow even more through people encountering Christ for the first time, coming to faith and joining the church community.

Our age demographic is still more weighted to those of 50 years plus, but it has been encouraging to increasingly see all ages represented at Holy Trinity with significantly more families with young children. The female/male ratio of the church community is 63%/37%.

Baptisms, Confirmations, Weddings, and Funerals

Baptism and Confirmation continue to be important to us as a public mark of following Jesus Christ. Over the course of the year, due to the closure of our church building there have been no baptism or confirmation services. One wedding was held in 2020 under covid-secure conditions. One funeral took place, again under covid-secure conditions.

Review of the year

We recognise that the Christian church is the only organisation that exists primarily for the benefit of nonmembers. So we take mission seriously, aiming to use all our resources to maximise public benefit.

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Community

The clergy, ministry team and members of the congregation serve not just the people of Holy Trinity but also the wider community. Our church building is normally in use throughout the work by church and community groups so most days there is someone in the building and we welcome any who call who wish to come in for quiet, reflection, to pray or for historical interest. However, due to covid-19 pandemic and the restrictions on meeting, apart from services detailed above our church building has been closed for use with no regular groups meeting in the building. Although a significant number of our ‘normal’ activities have been put on hold we have attempted to find new and innovative ways to serve the congregation and our community through online activities where possible.

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Local Community Outreach Initiatives

In 2018 we undertook a community audit of our parish to enable us to hear what our community felt were the key issues in the area and explore how we might play our part in further supporting and investing in our local community. This process was overseen by Futurekraft (www.futurekraft.org), a Bradford-based Christian organisation, with members of the Holy Trinity congregation heavily involved in gathering the data from local people and organisations. Taking all the data into account, the report concluded with the following areas of focus to further develop our engagement with our parish and community.

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The PCC formed a Local Community Outreach Ministry Team to take this work forward and in 2019 appointed Babs White (a long-standing member of the church) as volunteer Community Connections Coordinator. During 2019 our work related to community engagement, particularly in relation to older and isolated people and the vulnerable and marginalised grew significantly (reported in our 2019 TAR). Despite covid-19 restrictions on activities in 2020 there has continued to be significant activity in terms of our community engagement as follows:

People

The church is the Body of Christ, a community of people who bring their time, gifts and resources to His service. Holy Trinity is often referred to by visitors as a very welcoming church, and we trust that this reflects something of Christ’s welcome and hospitality for all people.

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We continue to be grateful for the many people in our church who offer their time, energy and gifts in quiet service for the benefit of the community. We are especially thankful for all who week in and week out serve on our different teams – without their offering the church would not be able to do what it does. The PCC would like to thank all those who have served in many different ways in both voluntary and employed roles over the past 12 months particularly in light of the challenges presented by the covid-19 pandemic.

Staff Team

In March 2020 our part-time employed Children and Families Minister (CFM) and Church Administrator resigned. We are most grateful for the years of service both these employees have provided over the years. Recruitment for replacement of these posts was delayed due to the covid-19 pandemic but will proceed once restrictions allow in 2021. PCC approved an increase in hours for these posts - CFM 20 hrs p.w. increased to 37.5 hrs p.w.; Administrator from 10 hrs p.w. to 25 hrs p.w. In part, the increase in hours for the administrative post were due to an external review of administration and operations commissioned by PCC and undertaken by John Truscott a recognised expert in church administration.

In 2019 we appointed a Ministry Assistant - a one-year fixed term post, to invest in a young emerging leader and for Holy Trinity to receive and benefit from their contribution to ministry in various aspects of our life together. The post-holder left in October 2020 and due to the covid-19 pandemic PCC decided to not appoint to this role for 2020/21. Our Musical Worship Minister, appointed in 2019, went on Maternity leave from September 2020. We look forward to welcoming her back to her post in 2021. Our part-time, employed, church cleaner left in December 2019 and we appointed a person to this role in early 2020 on increased hours.

Our staff team at December 2020 comprised the following.

Vicar Youth Minister - employed Children & Families Minister - employed (vacant) Musical Worship Minister - employed Church Administrator - employed (Vacant) Finance Administrator - voluntary Operations Manager - voluntary Community Connections Coordinator - voluntary 2 x licensed Lay Ministers – voluntary

From July 2021 we will also have a curate in training.

Church Warden’s report

Buildings

Holy Trinity Church is a notable building of historic interest in Huddersfield. Responsibility for overseeing building matters rests with the Church Wardens via the PCC Standing Committee - liaising with the Diocese regarding permissions for required works. Various ongoing maintenance tasks have been completed during the year to ensure the building is kept in a watertight and good condition. Notable works to the building during 2020 are as follows:

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REPORT OF THE TRUSTEES Continued

During 2020 significant work has continued to be undertaken in the churchyard by a team of church volunteers. The PCC also continued to contract a company to undertake regular maintenance and clean up works on a monthly basis – assisted by volunteers from the church and the positive results of this remain very visible. Work was also completed to numerous trees in the churchyard after relevant permissions were granted. In 2019 we saw an increased use of our building for hires for meetings, concerts, other events and community groups. Due to the covid-19 pandemic and the closure of the building in March 2020 these ceased. We hope that the community use of our buildings will continue to grow once covid-19 restrictions are fully lifted.

The Churchwardens have undertaken their annual check that all the items listed in the Terrier and Inventory are present and correct.

Safeguarding

The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have regard to House of Bishops’ guidance on safeguarding children and vulnerable adults). Bryony Goldspink continues as our Parish Safeguarding Officer ensuring that all relevant safeguarding policies and procedures are in place in line with statutory and legal requirements. In March 2019 the PCC approved the Safeguarding Action Plan to bring our current practices and documentation in line with the new requirements in the National Church Policies and Procedures. During 2020 PCC have received updates on progress on this action plan.

No safeguarding incidents have arisen during 2020.

Money

Holy Trinity Church is a non-profit-making charitable organisation, receiving an income in 2020 from all sources of £190,989 (2019: £181,331).

Some of this money was used to pay staff (responsible for leadership of various areas of church life), as well as fund all aspects of our life together.

Mission giving.

As part of our worship to God and to express our love and service to all a least 10% of our unrestricted income is given away to support various organisations and individuals, especially our formal long-term mission partners in Huddersfield and abroad, engaged in frontline work. The work of these partners is of great public benefit to the wider community, especially to the poor and marginalised. Our formal mission partners who we supported financially and in prayer in 2020 were:

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We also supported the following organisations through one-off financial donations in 2020:

We support the Diocese of Leeds through our full payment of the Common Fund, which as well as our contribution to our stipendiary clergy (namely our vicar) supports the diocese in its wider mission in schools, and a breadth of communities, both rural and urban.

In 2017 we launched our Above and Beyond initiative. Through this we aim to raise £250,000 by 2021 with the purpose of:

By the end of 2020 we had raised £213,230 (including Gift Aid but excluding grants) through this initiative. The majority of this accrued through the generous and sacrificial giving of our church community, for which we are extremely thankful. We trust that through Above and Beyond our community impact will continue to develop in line with our vision and that our historic building will be secured for our town and for future generations.

Plans for the Future

Holy Trinity Huddersfield continues to plan for further growth, whilst recognising that ultimately this is God’s work and acknowledging our dependence upon Him. We believe that we have a strategic and God-given vision and humbly, prayerfully and confidently seek for it to be furthered in 2020 and beyond.

Financial Review

This year our unrestricted Giving income (excluding Above & Beyond) saw a slight increase of 0.4% for the year. (2020 £92,654; 2019 £92,280)

Unrestricted / Undesignated Donations & Gifts increased to £28,997 (2019 £16,892) including legacies of £27,586 (2019 £7,600) and Specified Gifts of £1,246 (2019 £2,414).

Overall we continue to receive a higher than average proportion of our income through Standing Orders using Gift Aid.

Actual FWO exceeded forecast by £4,264 (5%), and plate income decreased by £3.890 (58%).

Hire income decreased to £5,150 in 2020 due to the building being closed with covid-19 restrictions (£6,415 in 2019). Fees income decreased in 2020 to £944 (£3,299 in 2019).

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Our interest and dividends decreased to £683 in 2020 (£766 in 2019)

Our Restricted Income towards Youth and Mission in 2020 decreased by 3% to £12,122 (£12,468 in 2019).

Our Unrestricted Designated Income towards Above and Beyond in 2020 totalled £19,761 (£21,881 in 2019).

Our Unrestricted Expenditure is what we spend for the general costs of running the church. Because Holy Trinity is a tithing church, we allocate at least 10% of our unrestricted giving income received to Mission Giving abroad and at home, including our Mission Partners.

Our Parish Share (which includes the salary, pension and NHI costs of our vicar) stayed the same at £48,000 in 2020 (£48,000 in 2019)

Our unrestricted spending on Repairs and Maintenance not covered by A&B in 2020 increased to £6,852 (£3,445 in 2019).

Youth and Mission salaries increased to £34,938 (£32,914 in 2019).

Reserves policy

The PCC has established as a matter of policy that the aim of Holy Trinity is to have unrestricted reserves that represent 3 months unrestricted operating costs.

Trustee’s responsibilities

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).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

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 the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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.

Approved by the PCC on 04 May 2021 and signed on their behalf by

Rev. M Wilkins

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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF

HOLY TRINITY PAROCHIAL CHURCH COUNCIL

I report to the trustees on my examination of the financial statements of the charity for the year ended 31 December 2020 which are set out on pages 15 to 23.

Responsibilities and basis of report

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 Act”).

I report in respect of my examination of your charity’s accounts as carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the 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 material matters have come to my attention in connection with the examination giving me reasonable cause to believe that in any material respect:

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 establish a proper understanding of the accounts to be reached.

Daniel Brownhill FCA FMAAT ON BEHALF OF INTEGRA ADVISERS LLP 1 Westleigh Hall Wakefield Road Denby Dale Huddersfield HD8 8QJ

Dated: 04 May 2021

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HOLY TRINITY PAROCHIAL CHURCH COUNCIL

STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2020

Notes
Unrestricted Funds Restricted Funds
£
£
INCOMING RESOURCES
Income and endowments from:
Voluntary income
3
168,026
16,317
Income from investments
4
683
-
Church activities
5
6,094
-


Total incoming resources
174,803
16,317

RESOURCES EXPENDED
Expenditure on:
Church activities
6
120,089
37,653

Total resources expended
120,089
37,653

Other recognised gains
Gains on investments
Realised
-
-
Unrealised
1,268
-

Net income /
(Expenditure) before transfers
55,982
(21,336)
Transfers between funds
(33,400)
33,400

Net movement in funds
22,582
12,064

Reconciliation of funds:
Total funds brought forward
137,108
15,570

Total funds carried forward
159,690
27,634
 Total

2020

£

184,343
683
6,094
191,120
157,742
157,742
-
1,268
34,646
-
34,646
152,678

187,324
 Total
2019
£
170,851
766
9,714

181,331

166,621

166,621

-
2,906

17,616
-

17,616

135,062

152,678

All income and expenditure derive from continuing activities.

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

The notes on pages 15 to 23 form part of the financial statements

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HOLY TRINITY PAROCHIAL CHURCH COUNCIL REGISTERED COMPANY NUMBER 5205363

BALANCE SHEET at 31 December 2020

Notes
Unrestricted Funds Restricted Funds
£
£
FIXED ASSETS
Investments
8
19,709
-

CURRENT ASSETS
Debtors
9
32,733
2,175
Cash at bank and in hand
10
120,267
27,653

Total current assets
153,000
29,828
CREDITORSAmounts
Falling due within one year
11
(13,019)
(2,194)

NET CURRENT ASSETS
139,981
27,634

TOTAL ASSETS LESS
TOTAL LIABILITIES
159,690
27,634

The funds of the charity:
Unrestricted income funds
12
159,690
-
Restricted income funds
12
-
27,634

Total charity funds
159,690
27,634
 Total

2020

£

19,709
34,908
147,920
182,828
(15,213)
167,615
187,324
159,690
27,634
187,324





Total
2019
£
18,441

8,882
147,183

156,065
(21,828)

134,237

152,678

137,108
15,570

152,678




Approved by the Parochial Church Council on 04 May 2021.

Mr J Playle – Church Warden

Ms C Bentham - Treasurer

The notes on pages 15 to 23 form part of these financial statements

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HOLY TRINITY PAROCHIAL CHURCH COUNCIL

NOTES TO THE ACCOUNTS 31 December 2020

1. ACCOUNTING POLICIES Basis of preparation

The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note to these accounts.

These accounts 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 (FRS102 issued on 16 July 2014 (as updated through Update Bulletin 1, published on 2 February 2016), and with the Charities Act 2011.

Going concern

The trustees have reviewed the financial position of the charity for a period covering the following 12 months and consider that it is appropriate to prepare the accounts on a going concern basis.

Incoming resources

Income arising is recognised in the accounts when the Church is notified of its entitlement and the amount receivable can be determined with reasonable accuracy.

Grants

Grants and donations are only included in the SoFA when the general income recognition criteria are met.

Tax reclaims on donations and gifts

Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

Liability recognition

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

Fixed assets

No financial value is attached in the Balance Sheet to any fixtures, fittings, Communion silver or other assets.

Fixed asset investments are valued initially at cost and subsequently their fair value (their market value) at the year end.

Debtors

Debtors are measured on initial recognition at settlement amount. Subsequently they are measured at the cash or other consideration expected to be received.

Basic financial instruments

The charity accounts for basic financial instruments in initial recognition as per paragraph 10.7 FRS 102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19 FRS 102 SORP.

Funds

Unrestricted funds

Unrestricted funds are those funds available to further the fund’s charitable objectives at the discretion of the trustees.

Designated funds

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes.

Restricted funds

Restricted funds are funds which have been given for a particular purpose and project.

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HOLY TRINITY PAROCHIAL CHURCH COUNCIL

NOTES TO THE ACCOUNTS 31 December 2020

2. INCOME & EXPENDITURE

Included in the Statement of Financial Activities are all items of income and expenditure which total £34,646 surplus (2019: £17,616 surplus).

Unrestricted
Funds
£
3.
VOLUNTARY INCOME
Freewill offerings
89,920
Tax recoverable
26,391
Plate
2,734
Donations
21,395
200thAnniversary
-
Legacies
27,586
168,026
4.
INCOME FROM INVESTMENTS
Bank interest
131
Investment income on shares
552
683
5.
INCOME FROM CHURCH ACTIVITIES
Fees
944
Lettings
5,150
6,094		 Restricted
Funds

£
-
2,175
-
14,142
-
-
16,317
-
-
-
-
-
-		 Total
Funds

2020
£
89,920
28,566
2,734
35,537
-
27,586
184,343
131
552
683
944
5,150
6,094		 Total
Funds
2019
£
85,656
25,315
6,624
51,362
1,894
-
170,851
230
536
766
3,299
6,415
9,714

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HOLY TRINITY PAROCHIAL CHURCH COUNCIL

NOTES TO THE ACCOUNTS 31 December 2020

Unrestricted

Funds

£
6.
EXPENDITURE ON CHURCH ACTIVITIES
Mission giving
13,714
Parish share
48,000
Fees – Weddings, funerals and other
1,200
Light, heat and water
7,291
Insurance
6,658
Copyrights
945
Altar expenses
46
Repairs
24,231
Cleaning
786
Salaries
5,261
Payroll costs
-
Pension costs
63
Hospitality
398
Printing and stationery
2,348
Advertising/promo
649
Telephone
987
Independent examiner’s fee
780
Bank charges
480
Sundries
121
Clergy: expenses of office
401
Travelling
-
Training
328
Office equipment
2,630
Barnabas grant
-
Outreach costs
863
Resources
710
200thAnniversary
-
Gifts and donations
1,199
120,089		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
32,918
-
2,020
-
223
850
-
-
-
-
-
103
-
154
-
-
1,285
-
100
37,653		 Total
Total
Funds
Funds
2020
2019
£
£
13,714
11,860
48,000
48,000
1,200
2,694
7,291
9,230
6,658
6,523
945
659
46
311
24,231
8,966
786
494
38,179
40,730
-
169
2,083
1,994
398
1,777
2,571
5,457
1,499
1,019
987
1,227
780
900
480
492
121
128
401
731
103
343
328
378
2,784
2,575
-
1,690
863
1,599
1,995
2,390
-
9,777
1,299
4,508
157,742
166,621		 Total
Funds
2019
£
11,860
48,000
2,694
9,230
6,523
659
311
8,966
494
40,730
169
1,994
1,777
5,457
1,019
1,227
900
492
128
731
343
378
2,575
1,690
1,599
2,390
9,777
4,508

7. Independent examiner’s remuneration

The independent examiner’s remuneration amount to an independent examination fee of £780 (2019 - £900) and payroll services of £Nil (2019 - £169).

19

HOLY TRINITY PAROCHIAL CHURCH COUNCIL

NOTES TO THE ACCOUNTS 31 December 2020

8.
INVESTMENTS
Unlisted investments
Market value at 1 January 2020
Less: Disposals at opening book cost
Add: Acquisitions at cost
Net gain on revaluation at 31 December 2020
Market value at 31 December 2020		 2020
2019
£
£
18,441
15,535
-
-
-
-
1,268
2,906
_
19,709
18,441
_
Investments comprise 962 shares in the CBF Church of England Investment Fund. Investments comprise 962 shares in the CBF Church of England Investment Fund.
9. DEBTORS
2020 2019
£ £
Tax refund 28,556 6,940
AOSI refund 1,194 -
Copyright prepayment 413 359
200thAnniversary - -
Printing and stationery - 150
Weekend away 3,381 1,362
SMP refund 1,364 71
__
34,908 8,882
__
10. CASH AT BANK
Current accounts 117,014 116,408
Deposit accounts 30,906 30,775
__
147,920 147,183
__

20

HOLY TRINITY PAROCHIAL CHURCH COUNCIL

NOTES TO THE ACCOUNTS 31 December 2020

11. CREDITORS – Amounts falling due within one year



Overseas and home giving
Parish share
Other creditors
Independent examiner’s fee
Lettings
Utilities accrual
2020 Weekend Away
Pension provision
Trade creditors
Expenses owing
Credit card
Wages		 2020

£

2,194
1,819
-
840
4,000
909
3,506
308
-
516
1,121
-
15,213		 2019
£
7,617
3,200
1,000
900
-
400
1,606
556
4,785
1,026
712
26
21,828

12. FUNDS RECONCILIATION

Unrestricted funds

Included within unrestricted funds is the Above & Beyond fund which is a designated fund.


Unrestricted
Above & Beyond		 Balance at

01.01.20
48,419
88,689

137,108		 Transfer
Income
Expenditure
Balance at
of funds
31.12.20
£
£
£
£
-
124,663
(105,467)
67,615
(33,400)
51,408
(14,622)
92,075

(33,400)
176,071
(120,089)
159,690

Restricted funds

The income includes restricted funds as reported in the Statement of Financial Activities as follows:


Youth & Mission
Barnabas
Audio Visual		 Balance at

01.01.20
12,816
1,128
1,626
15,570		 Transfer
of funds
£
33,400
-
-
33,400		 Income
Expenditure
Balance at
31.12.20
£
£
£
14,297
(37,553)
22,960
2,020
(100)
3,048
-
-
1,626

16,317
(37,653)
27,634

21

HOLY TRINITY PAROCHIAL CHURCH COUNCIL

NOTES TO THE ACCOUNTS 31 December 2020

13. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
Restricted
Funds
Funds
£
£
Fixed asset investments
19,709
-
Current assets
153,000 29,828
Current liabilities
(13,019)
(2,194)

Net assets as at 31 December 2020
159,690
27,634
 2020
Total
£
19,709
182,828
(15,213)
187,324		 2019
Total
£
18,441
156,065
(21,828)
152,678

14. TRANSACTIONS WITH TRUSTEES OR CONNECTED PERSONS

The only payments to PCC members made by the PCC and included in these financial statements Comprise the reimbursement of duly authorised expenses incurred on the PCC’s behalf.

The trustees of the charity have ultimate control of the charity.

15. CAPITAL COMMITMENTS

There are no outstanding capital commitments as at 31 December 2020.

16. STAFF COSTS

No employees received total employee benefits (excluding employer pension costs) of more than £60,000.

During the year the PCC employed an Administrator, a Children’s and Families Minister, a Worship Minister, a Youth Minister, a Ministry Assistant and a cleaner on a part-time basis. The total salary costs were £38,179 (2019 - £40,730).

22

HOLY TRINITY PAROCHIAL CHURCH COUNCIL

NOTES TO THE ACCOUNTS 31 December 2020

17. DEFINED CONTRIBUTION PENSION SCHEME

The Church participates in the Pension Builder Scheme section of the Church Workers Pension Fund for lay staff. The scheme is administered by the Church of England Pensions Board, which holds the assets of the schemes separately from those of the Employer and the other participating employers.

The Church Workers Pension Fund has a section known as the Defined Benefits Scheme, a deferred annuity section known as Pension Builder Classic and a cash balance section known as Pension Builder 2014.

Pension Builder Classic provides a pension for members for payment from retirement, accumulated from contributions paid and converted into a deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from time to time. Bonuses may also be declared depending upon the investment returns and other factors.

Pension Builder 2014 is a cash balance scheme that provides a lump sum that members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. This account may have bonuses added by the Board at retirement. The bonuses depend on investment experience and other factors. There is no requirement for the Board to grant any bonuses. The account, plus any bonuses declared, is payable from members’ Normal Pension Age.

There is no sub-division of assets between employers in each section of the Pension Builder Scheme.

The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the pension Builder Scheme’s assets and liabilities to specific employers and that contributions are accounted for as if the Scheme were a defined contribution scheme. The pension costs are charged to the SoFA in the year contributions are payable (2020: £2,083, 2019: £1,994).

A valuation of the scheme is carried out once every three years. The most recent scheme valuation complete was carried out as at 31 December 2016. This revealed, on the ongoing assumptions used, a surplus of £1.8m. There is no requirement for deficit payments at the current time.

Pension Builder 2014 will be valued in relation to the lump sum payable to members at normal pension age. There are no annual pension benefits. Pension Builder 2014 commenced February 2014, a valuation as at 31 December 2017 revealed, on the ongoing assumptions used, a surplus of £0.8m.

23