TRINITY CHURCH NOTTINGHAM
REPORT OF THE TRUSTEES for the 8 months ended 31[st] August 2020
Registered Charity Number: 1170403
Report of the Trustees and Unaudited Financial Statements For the 8 months ended 31[st] August 2020
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TRINITY CHURCH NOTTINGHAM
REPORT OF THE TRUSTEES for the 8 months ended 31[st] August 2020
| Page | |
|---|---|
| Report of the Trustees | 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6-10 |
| Detailed Statement of Financial Activities | 11-12 |
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TRINITY CHURCH NOTTINGHAM
REPORT OF THE TRUSTEES for the 8 months ended 31[st] August 2020
The trustees present their report and financial statements for the 8 months ended 31st August 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
Objectives and Aims
The objects of the CIO are to advance the Christian faith for the benefit of the public, by serving and reaching for Christ:
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the community of Nottingham, and
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wider networks of people connected with members of the congregation
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By, and in particular:
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holding services of worship
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promoting study of the bible
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missionary and outreach work
The vision of Trinity Church Nottingham is to see:
‘the Church on fire, a city alive’
As such, it is our intent, to act in such ways that, aligned to the Charity’s stated purpose, bring this about.
Public benefit
The Trustees have considered the Charity Commission guidance on public benefit and consider that the activities of the charity meet its charitable objectives and provide a benefit to the public.
Achievement and Performance
Charitable activities
During the period under review, Trinity Church continued to grow in many of the same ways as in previous years over the early months of the year. However, the onset of the Covid-19 pandemic in the first quarter created the need for a significant change in approach, and a greater operational flexibility than we had known before. Sunday gatherings were not permitted for a long period as the country went into lockdown, which created a need for the church to ‘go online’. We did this by pre-recording and editing services, and then later on by live-streaming them, thereby enabling people to ‘attend’ gatherings from their own homes. In addition, we made a concerted effort to organise the church community into local Hub groups, which met regularly online, and stayed connected through various forms of social media. This strategy has proved effective, and we have seen between 70-80% of our church connected in this way. Other ministries were also taken online, with one example being Alpha, which has successfully been run in this way through this period. In general, we have seen our charity develop a far broader reach than before, as the internet has opened the church to many who are not in the physical sphere of Trinity.
Another manifestation of this growing reach has been in our efforts to make a positive contribution to the wider community. The pandemic also created a heightened need in the local area, as many families were meet basic needs. As a response to this, Trinity Church started a pop-up food bank, re-commissioning the meeting space for supplies, and engaging the staff team and congregation in food supply and deliveries. During the period under review, we were able to supply food and children’s parcels to families in Nottingham. This was a further manifestation of the broader reach, and one which has changed the thrust of the charity ongoing. All in all, the period under review has been a fruitful one, as the charity has learned to act in new ways in order to continue and grow in its objectives while in an ever-changing societal context. As a result, this has been a time of growth in many areas, rather than one of moving backwards.
Volunteers
We would like to express our thanks to the many volunteers who support the various teams including hospitality, kids, youth, set-up, worship, production. In the current period the number of volunteers was 50 (2019: 50)
Financial review
Donations, including funds reclaimed under the Gift Aid system were £295,995 (2019: £435,254). Expenditure on charitable activities £242,418 (2019: £288,910).
Many thanks to everyone who has given generously throughout the year.
There was a surplus at the year-end of £53,607 (2019: £146,409). Unrestricted Cash Reserves at year end were £205,487 (2019: £116,902).
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TRINITY CHURCH NOTTINGHAM
REPORT OF THE TRUSTEES
for the 8 months ended 31[st] August 2020
Reserves policy
The policy of the organisation is to maintain three months running costs as reserves wherever possible. This reflects the concern of the trustees that they should maintain sufficient reserves to meet any unforeseen circumstances and in particular, to meet the organisation's obligations.
Structure, Governance and Management Governing document
The charity is controlled by its governing document, a constitution, and is a Charitable Incorporated Organisation (CIO) registered on 25[th] November 2016. Trinity Church Nottingham is a part of The Church of England.
Recruitment and appointment of new trustees
The leadership and current trustees of the Church identify suitable candidates who are then invited to join trustee meetings as observers for a short period of time.
The primary requirements for suitability are being a natural person over the age of 16 with an expectation of being a member of the congregation of Trinity Church and already and active participant.
After this, any candidates who would wish to serve as trustees are considered by the current trustees and appointment following the necessary approvals.
All new trustees are provided with a copy of the Constitution and, after this first submission, that will be accompanied by the latest accounts and any other past minutes and conversation they require.
Reference and Administration Details Registered name
Trinity Church Nottingham
Registered Charity number 1170403
Principal address
192 Mansfield Road Nottingham NG1 3HX
Trustees Name Position Appointments/Resignations Revd J Hughes Chair M Arlington C Ives L Bignall E Pattison D Davis Appointed 28 September 2020
Independent Examiner Andrew Pearson 87 Main Street Newtown Linford Leicestershire
Approved by the board of trustees on ....................................................... and signed on its behalf by:
............................................. Revd J Hughes, Chair
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TRINITY CHURCH NOTTINGHAM
Independent examiner's report to the trustees of Trinity Church Nottingham
I report to the charity trustees on my examination of the accounts of Trinity Church Nottingham (the Trust) for the 8 months ended 31[st] August 2020.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all 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 material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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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 confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
Signed:
Andrew Pearson Fellow of the Chartered Institute of Management Accountants 87 Main Street Newtown Linford Leicestershire
11 Jan 2021 Date: .............................................
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TRINITY CHURCH NOTTINGHAM
STATEMENT OF FINANCIAL ACTIVITIES for the 8 months ended 31[st] August 2020
| Notes Income and Endowments Donations and legacies 2 Investment income 3 Total Incoming Resources Expenditure Charitable activities Church charitable activities 4/5 Total Resources Expended Net Incoming / (Outgoing) resources Transfer between funds Reconciliation of Funds Total Funds brought forward Total Funds carried forward |
2020 2019 Unrestricted funds Restricted funds Total Total £ £ £ £ 248,598 47,397 295,995 435,254 30 0 30 65 |
|---|---|
| 248,628 47,397 296,025 435,319 |
|
| 208,456 33,962 242,418 288,910 |
|
| 208,456 33,962 242,418 288,910 |
|
| 40,172 13,435 53,607 146,409 0 0 0 0 |
|
| 40,172 13,435 53,607 146,409 503,125 0 503,125 356,716 |
|
| 543,297 13,435 556,732 503,125 |
The notes form part of these financial statements
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TRINITY CHURCH NOTTINGHAM
STATEMENT OF FINANCIAL POSITION At 31[st] August 2020
| Notes Fixed Assets Tangible assets 7 Current Assets Debtors 8 Cash at bank Current Liabilities Amounts falling due within one year 9 Current Assets less Current Liabilities Total Assets less Current Liabilities Creditors: amounts falling due after more than 1 year 10 Funds Restricted funds 11 Unrestricted funds Total funds |
2020 2019 Unrestricted funds Restricted funds Total Total £ £ £ £ 492,080 0 492,080 549,506 10,077 0 10,077 13,373 205,487 13,435 218,922 116,902 |
|---|---|
| 215,564 13,435 228,999 130,275 (35,504) 0 (35,504) (18,550) |
|
| 180,060 13,435 193,495 111,725 |
|
| 672,140 13,435 685,575 661,231 (128,843) 0 (128,843) (158,106) |
|
| 543,297 13,435 556,732 503,125 |
|
| 13,435 13,435 0 543,297 543,297 503,125 |
|
| 543,297 13,435 556,732 503,125 |
The financial statements were approved by the Board of Trustees on …………………….and were signed on its behalf by:
............................................. Revd J Hughes, Chair
The notes form part of these financial statements
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TRINITY CHURCH NOTTINGHAM NOTES TO THE FINANCIAL STATEMENTS
1. Accounting Policies
Basis of preparing the financial statements and assessment of going concern
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold building improvements 15 years straight line PA equipment 4 years straight line Office equipment 4 years straight line
Taxation
The charity is exempt from tax on its charitable activities.
Debtors
Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.
Cash at bank and in hand
Cash at bank and in hand includes cash, current bank accounts and deposit bank accounts with no withdrawal limitations.
Creditors
Creditors are recognised where then charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
The notes form part of these financial statements
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TRINITY CHURCH NOTTINGHAM NOTES TO THE FINANCIAL STATEMENTS
2. Donations and Legacies
| Donations Gift Aid received Other income Donations Gift Aid received Other income |
Unrestricted Restricted 2020 £ £ £ 186,499 32,105 218,604 33,059 1,292 34,351 29,040 14,000 43,040 |
|---|---|
| 248,598 47,397 295,995 |
|
| Unrestricted Restricted 2019 £ £ £ 287,369 75,292 362,661 49,924 5,507 55,431 17,162 0 17,162 |
|
| 354,455 80,799 435,254 |
3. Investment income
| Interest income Interest income 4. Expenditure on charitable activities Church charitable activities Support costs Church charitable activities Support costs 5. Analysis of support costs On church activities: Independent examiner Accounting Bank charges Insurance Trustee meetings |
Unrestricted £ 30 |
Restricted 2020 £ £ 0 30 |
|---|---|---|
| Unrestricted £ 65 |
Restricted 2019 £ £ 0 65 |
|
| Unrestricted £ 207,812 644 |
Restricted 2020 £ £ 33,962 241,774 0 644 |
|
| 208,456 | 33,962 242,418 |
|
| Unrestricted £ 286,678 1,131 |
Restricted 2019 £ £ 1,101 287,779 0 1,131 |
|
| 287,809 | 1,101 288,910 |
|
| 2020 2019 £ £ 350 350 307 303 80 120 (130) 302 37 56 644 1,131 |
The notes form part of these financial statements
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TRINITY CHURCH NOTTINGHAM NOTES TO THE FINANCIAL STATEMENTS
6. Staff costs
| Staff costs | |
|---|---|
| Salaries Pension costs |
2020 2019 £ £ 80,642 68,942 3,009 2,525 |
| 83,651 71,467 |
Trustees’ expenses
There were no trustees' expenses paid for the 8 months ended 31[st] August 2020.
| 2020 | 2019 | |
|---|---|---|
| No. | No. | |
| The average monthly number of employees during the period was as follows: | 5 | 5 |
No employees received emoluments in excess of £60,000.
7. Tangible fixed Assets
| Cost Cost brought forward Additions Total cost carried forward Depreciation Depreciation brought forward Charge for year Total depreciation carried forward Net Book Value At 31 August 2020 At 31 December 2019 |
Leasehold Building Improvements PA Equipment Office Equipment Total £ £ £ £ 577,663 89,409 10,710 677,782 1,641 0 6,110 7,751 |
|---|---|
| 579,304 89,409 16,820 685,553 |
|
| 67,717 57,062 3,497 128,276 38,620 22,352 4,205 65,177 |
|
| 106,337 79,414 7,702 193,453 |
|
| 472,967 9,995 9,118 492,080 509,945 32,347 7,213 549,506 |
The building is leased from Southwell and Nottingham Diocesan Board of Finance for a period of 20 years at an Initial annual rent of NIL.
8. Debtors
| Prepayments and accrued income | 2020 2019 £ £ 10,077 13,373 |
|---|---|
| 10,077 13,373 |
The notes form part of these financial statements
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TRINITY CHURCH NOTTINGHAM NOTES TO THE FINANCIAL STATEMENTS
9. Creditors: amounts falling due within one year
| Taxation and social security Accruals and deferred income Loans |
2020 2019 £ £ 0 4 350 350 35,154 18,196 |
|---|---|
| 35,504 18,550 |
10. Creditors: amounts falling due after more than 1 year
| Loans | 2020 2019 £ £ 128,843 158,106 |
|---|---|
| 128,843 158,106 |
Two loans were received from the Diocese. Loan 1, October 2018- £50,000, 5% interest repayable over 7 years, Loan 2 December 2018- £100,000, 5% interest repayable over 60 months, deferred until January 2021. An interest free loan of £50,000 in August 2018 is repayable at £1,000 pm.
11. Movement in Funds
| 11. Movement in Funds | |
|---|---|
| Unrestricted Funds General Fund Fixed asset reserve Total Funds |
Balance Income Expenditure Transfers Balance 1st Jan 2020 31st Aug 2020 270,095 248,628 (169,836) 0 348,887 233,030 0 (38,620) 0 194,410 |
| 503,125 248,628 (208,456) 0 543,297 |
Where restricted funds are received for capital expenditure and the expenditure has been fully met and funds used, the restriction is deemed to be lifted and the asset value is transferred to, and regarded as unrestricted, within the designated tangible fixed asset fund from hence forward.
Unrestricted Funds
| Unrestricted Funds | |
|---|---|
| General Fund Fixed asset reserve Total Funds Restricted Funds Diocesan Contribution Love Your Neighbour Total Funds |
Balance Income Expenditure Transfers Balance 1st Jan 2019 31st Dec 2019 164,874 354,520 (249,299) 0 270,095 191,842 0 (38,511) 79,698 233,030 |
| 356,716 354,520 (282,810) 79,698 503,125 |
|
| Balance Income Expenditure Transfers Balance 1st Jan 2020 31st Aug 2020 0 14,000 (14,000) (0) 0 0 33,397 (19,962) (0) 13,435 |
|
| 0 47,397 (33,962) (0) 13,435 |
The building fund is used for the development of the building, excluding normal repairs and maintenance The Special appeal fund is an annual appeal to support community needs.
The notes form part of these financial statements
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TRINITY CHURCH NOTTINGHAM NOTES TO THE FINANCIAL STATEMENTS
Restricted Funds
| Restricted Funds | |
|---|---|
| Building Fund Special appeal Total Funds |
Balance Income Expenditure Transfers Balance 1st Jan 2019 31st Dec 2019 0 79,698 0 (79,698) 0 0 1,101 (1,101) 0 0 |
| 0 80,799 (1,101) (79,698) 0 |
12. Trustee remuneration and benefits
None of the trustees have been paid any remuneration or received any benefits from an employment with the charity or a related entity. A trustee provided a non-beneficial interest free loan of £50,000 in 2018.
The notes form part of these financial statements
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TRINITY CHURCH NOTTINGHAM
The following pages do not form part of the Financial Statements
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
| Donations and legacies Donations Gift Aid received Other income Total income from donations and legacies Investment income Interest received Total income from investment income Total incoming resources Charitable activities Gathered Worship Prayer Students and young adults Bibles Hospitality Festival services Youth Kids and tots Preaching internal Visitors Company/Bridges Connect Volunteer appreciation Baptism course Is there anything left to be said? Clergy meetings Church media and communications Leadership Development Conferences and events Focus Streams Mission Alpha Love your neighbour Street work Prayer room Event hosting Restricted appeals donation Mission tithing Office and administration General office Building insurance Resources and software Furniture Health and safety Utilities Repairs and maintenance Cleaning Salaries Casual and temps Payroll expenses Pensions Staff costs Staff events Travel J&A Support Staff/intern expenses |
8 Months 2020 Year 2019 £ £ 218,604 362,662 34,351 54,430 43,040 17,162 |
|---|---|
| 295,995 435,254 30 65 |
|
| 30 65 |
|
| 296,025 435,319 |
|
| 2,044 2,861 0 164 562 3,148 131 16 2,537 8,385 (302) 2,616 1,344 1,292 2,065 4,829 176 270 904 761 28 924 0 2,280 0 154 149 0 135 786 1,833 2,521 12 2,704 (1,007) 7,967 0 645 21 231 2,221 3,871 19,962 0 0 34 67 99 0 954 0 1,101 1,233 2,250 2,054 6,525 4,522 0 610 1,269 912 2,811 3,216 2,916 377 25,855 2,052 5,193 3,381 11,231 0 27 80,642 68,942 3,009 2,525 294 2,057 724 2,672 0 240 9,680 5,363 |
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TRINITY CHURCH NOTTINGHAM
The following pages do not form part of the Financial Statements
| Other costs Professional fees Common fund/Parish share Contingency Interest payable Depreciation Sundry costs Total expenditure on charitable activities Support costs Independent examiner Accounting Bank charges Insurance Trustee meetings Total support costs Total resources expended Net incoming resources |
890 6,091 24,000 18,100 0 4,277 4,681 7,284 65,177 63,543 1,438 0 |
|---|---|
| 241,774 287,780 350 350 307 302 80 120 (130) 302 37 56 |
|
| 644 1,131 242,418 288,911 |
|
| 53,607 146,408 |
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