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2021-08-31-accounts

Registered Charity Number: 1170403

Report of the Trustees and Unaudited Financial Statements For the year ended 31[st] August 2021

Page 1

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

Trustees Annual Report for the year ended 31[st] August 2021

The trustees present their report and financial statements for the year ended 31st August 2021. 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:

By, and in particular:

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

The period under review was one in which the regular ministry of Trinity Church was significantly impacted by the Covid19 pandemic. Despite this, the leadership team and volunteers were able to continue to meet the vision of the charity in

changing circumstances, and growth was seen.

During this time, we were generally able to gather for worship, and we made it our aim to do this whenever and wherever it was legally possible to do so. As a result of this, we saw significant growth in our worshiping community, particularly amongst students. We also began to reap the reward of our investment in Emerging Generations, and saw significant growth in children and youth ministries. However, we continued to offer ‘online church’ during this time for many who were unable or still unwilling to gather physically, thus widening the reach of the church.

During this period, and as a consequence of the fact that so many had been disconnected over the pandemic, we attempted to move people back to in-person mid-sized gatherings where possible, and so we changed our Hub structure to be able to facilitate that. This created opportunities for a number of people who had joined the church digitally over the lockdowns to meet in person, and make deeper connections.

Alongside this, we consolidated the growth in compassion ministries, with a shift in emphasis around using the space for welcoming people into the life of the church, and indeed the city of Nottingham. We saw and seized real opportunities to minister to prisoners in Nottingham Prison, as well as refugees and asylum seekers.

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 60 (2020: 50)

Financial review

Donations, including funds reclaimed under the Gift Aid system were £463,157 (2020: £295,995). Expenditure on charitable activities £383,014 (2020: £242,418).

Many thanks to everyone who has given generously throughout the year.

There was a surplus at the year-end of £80,145 (2020: £53,607). Unrestricted Cash Reserves at year end were £295,000 (2020: £205,487).

Page 2

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 3

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 year ended 31[st] August 2021.

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

Date: .............................................

Page 4

TRINITY CHURCH NOTTINGHAM

STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31[st] August 2021

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		 2021
2020
Unrestricted
funds
Restricted
funds
Total
Total
£
£
£
£
413,195
51,088
464,283
295,995
2
0
2
30
413,197
51,088
464,285
296,025
337,001
46,013
383,014
242,418
337,001
46,013
383,014
242,418
76,196
5,075
81,271
53,607
0
0
0
0
76,196
5,075
81,271
53,607
543,297
13,435
556,732
503,125
619,493
18,510
638,003
556,732

The notes form part of these financial statements

Page 5

TRINITY CHURCH NOTTINGHAM

STATEMENT OF FINANCIAL POSITION At 31[st] August 2021

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		 2021
2020
Unrestricted
funds
Restricted
funds
Total
Total
£
£
£
£
454,677
0
454,677
492,080
8,503
0
8,503
10,077
295,000
18,510
313,510
218,922
303,503
18,510
322,013
228,999
(36,035)
0
(36,035)
(35,504)
267,468
18,510
285,978
193,495
722,145
18,510
740,655
685,575
(102,652)
0
(102,652)
(128,843)
619,493
18,510
638,003
556,732
18,510
18,510
13,435
619,493
619,493
543,297
619,493
18,510
638,003
556,732

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 6

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 7

TRINITY CHURCH NOTTINGHAM NOTES TO THE FINANCIAL STATEMENTS

2. Donations and Legacies

Donations
Gift Aid received
Grant income
Other income
Donations
Gift Aid received
Other income		 Unrestricted
Restricted
2021
£
£
£
338,168
10,774
348,942
56,520
2,764
59,284
7,919
37,550
45,469
10,588
0
10,588
413,195
51,088
464,283
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

3. Investment income

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
£
2		 Restricted
2021
£
£
0
2
Unrestricted
£
30		 Restricted
2020
£
£
0
30
Unrestricted
£
335,721
1,280		 Restricted
2021
£
£
46,013
381,734
0
1,280
337,001 46,013
383,014
Unrestricted
£
207,812
644		 Restricted
2020
£
£
33,962
241,774
0
644
208,456 33,962
242,418
2021
2020
£
£
350
350
373
307
168
80
389
(130)
0
37
1,280
644

The notes form part of these financial statements

Page 8

TRINITY CHURCH NOTTINGHAM NOTES TO THE FINANCIAL STATEMENTS

6. Staff costs

Staff costs
Salaries
Pension costs
Trustees’ expenses		 2021
2020
£
£
159,654
80,642
5,423
3,009
165,077
83,651

There were no trustees' expenses paid for the year ended 31[st] August 2021.

2021 2020
No. No.
The average monthly number of employees during the period was as follows: 7 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 2021
At 31 December 2020		 Leasehold
Building
Improvements
PA
Equipment
Office
Equipment
Total
£
£
£
£
579,304
89,409
16,820
685,553
4,158
14,844
0
19,002
583,462
104,253
16,820
704,535
106,337
79,414
7,702
193,453
38,897
13,710
3,798
56,405
145,234
93,124
11,500
249,858
438,228
11,129
5,320
454,677
472,967
9,995
9,118
492,080

The building is leased from Southwell and Nottingham Diocesan Board of Finance on 17[th] June 2019 for a period of 20 years at an initial annual rent of NIL.

8. Debtors

Prepayments and accrued income 2021
2020
£
£
8,503
10,077
8,503
10,077

The notes form part of these financial statements

Page 9

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		 2021
2020
£
£
5,013
0
350
350
30,672
35,154
36,035
35,504

10. Creditors: amounts falling due after more than 1 year

Creditors: amounts falling due after more than 1 year
Loans 2021
2020
£
£
102,652
128,843
102,652
128,843

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
Unrestricted Funds
General Fund
Fixed asset reserve
Total Funds		 Balance
Income
Expenditure
Transfers
Balance
1st Sept 2020
31st Aug 2021
348,887
413,197
(300,881)
0
461,203
194,410
0
(36,120)
0
158,290
543,297
413,197
(337,001)
0
619,493
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.

Restricted Funds

Restricted Funds
Love Your Neighbour
Christmas boxes
City Alive
Pastoral support fund
Restricted appeal
Total Funds		 Balance
Income
Expenditure
Transfers
Balance
1st Sept 2020
31st Aug 2021
13,345
19,068
(28,877)
0
3,626
0
949
(909)
0
40
0
18,800
(15,866)
0
2,934
0
12,110
(200)
0
11,910
0
161
(161)
0
0
13,345
51,088
(46,013)
(0)
18,510

The notes form part of these financial statements

Page 10

TRINITY CHURCH NOTTINGHAM NOTES TO THE FINANCIAL STATEMENTS

Restricted Funds

Restricted Funds
Diocesan Contribution
Love Your Neighbour
Total Funds		 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

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 11

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
Grant income
Other income
Total income from donations and legacies
Investment income
Interest received
Total income from investment income
Total incoming resources
Charitable activities
Gathered
Worship
Students and young adults
Bibles
Hospitality
Festival services
Youth
Kids and tots
Preaching internal
Visitors
Company/Bridges
Connect
Marriage course
Is there anything left to be said?
Clergy meetings
Hubs
Church media and communications
Leadership Development
Conferences and events
Focus
Weekend away
The Orchard
Streams
Clergy
Baptisms
Pastoral visits
Weddings
Mission
Alpha
Love your neighbour
Compassion
Christmas boxes
Outreach
Prayer room
UK donations
Restricted appeals donation
Mission tithing
Contingency
Advent books
Birth and bereavement gifts
Pastoral support fund
Office and administration
General office
Building insurance
Resources and software
Furniture
Health and safety		 2021
8 Months
2020
£
£
348,942
218,604
59,283
34,351
45,469
0
10,588
43,040
464,283
295,995
2
30
2
30
464,285
296,025
3,923
2,044
1,753
562
0
131
925
2,537
200
(302)
2,256
1,344
2,044
2,065
480
176
354
904
375
28
489
0
0
149
0
135
1,380
0
1,627
1,833
929
12
183
(1,007)
45
0
795
0
1438
0
0
21
371
0
93
0
28
0
1,084
2,221
28,877
19,962
604
0
909
0
158
0
0
67
5,000
0
1,000
0
500
1,233
300
0
1,314
0
142
0
200
0
2,818
2,054
4,507
4,522
735
610
500
912
3,803
3,216

Page 12

TRINITY CHURCH NOTTINGHAM

The following pages do not form part of the Financial Statements

Utilities
Repairs and maintenance
Cleaning
Curate House contribution
Salaries
Payroll expenses
Pensions
Staff costs
Staff events
Travel
J&A Support
Staff/intern expenses
Other costs
Professional fees
Common fund/Parish share
Diocese fees
Church Alive
Café refurbishment
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		 7,031
377
1,746
2,052
5,421
3,381
400
0
159,654
80,642
5,423
3,009
1,217
294
347
724
1,641
0
0
9,680
1,078
890
45,000
24,000
1,913
0
449
0
15,298
0
6,572
4,681
56,405
65,177
0
1,438
381,734
241,774
350
350
373
307
168
80
389
(130)
0
37
1,280
644
383,014
242,418
81,271
53,607

Page 13