**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** Page 1 **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| Page 2 **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: - the community of Nottingham, and - wider networks of people connected with members of the congregation - By, and in particular: - holding services of worship - promoting study of the bible - 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). Page 3 **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 Page 4 ## **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: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I 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: ............................................. Page 5 **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 Page 6 **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 Page 7 **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 Page 8 **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 Page 9 **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 Page 10 **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 Page 11 **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 Page 12 ## **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| Page 13 ## **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**| Page 14