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← Trinity Church Nottingham

2023-12-31-accounts

Registered Charity Number: 1170403

==> picture [341 x 73] intentionally omitted <==

Report of the Trustees and Unaudited Financial Statements For the period 1[st] September 2022 to 31[st] December 2023

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 2023

The trustees present their report and financial statements for the 16 months ended 31st December 2023. 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 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 a significant one in the relatively short history of Trinity Church Nottingham. The relationship with the local Parish church of St Andrew’s developed, with Jonathan Hughes being licensed as priest-incharge in the Spring of 2023. This has represented a growth in responsibility and reach, and has fostered a rich connection between Trinity and the community and history of its Parish.

The growth in number and vitality has again been spearheaded by the children and youth ministries. Sunday, midweek and event-based ministry have all proved fruitful within the growing Trinity Emerging Generations community, as well as growing in its scope to welcome and bless many other young people from churches across the Diocese. We’ve also seen growth through our Home Space service, opening our doors in the week to serve the city and worship together.

Our congregation has grown in number and in diversity, and the establishment of a coherent staff structure has enabled us to greater meet the needs of a burgeoning community through worship and pastoral support. Our second Weekend Away was, again, a moment of profound connection and togetherness. We are immensely grateful for what God has done in this period, and excited for what is to come.

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 xx (2022: 60)

Financial review

Donations, including funds reclaimed under the Gift Aid system were £906,783 (2022: £441,963). Expenditure on charitable activities £854,254 (2022: £405,005)

There was a surplus at the year-end of £54,147 (2022: deficit £363,068). Unrestricted Cash Reserves at year end were £289,752 (2022 £301,741).

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

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

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 16 months ended 31[st] December 2023

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:

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Andrew Pearson Fellow of the Chartered Institute of Management Accountants 87 Main Street

Newtown Linford Leicestershire

04 June 2024 Date: .............................................

Page 4

TRINITY CHURCH NOTTINGHAM

STATEMENT OF FINANCIAL ACTIVITIES for the 16 months ended 31[st] December 2023

Notes
Income and Endowments
Donations and legacies
2
Investment income
3
Total Incoming Resources
Expenditure
Charitable activities
Church charitable activities
4/5
Fixed asset write off
Total Resources Expended
Net Incoming / (Outgoing) resources
Transfer between funds
Reconciliation of Funds
Total Funds brought forward
Total Funds carried forward		 16 Mths
12 Mths
2023
2022
Unrestricted
funds
Restricted
funds
Total
Total
£
£
£
£
838,238
68,546
906,783
441,940
1,618
0
1,618
23
839,855
68,546
908,401
441,963
823,240
31,014
854,254
405,005
0
0
0
420,026
823,240
31,014
854,254
825,031
16,615
37,532
54,147
(383,068)
67
(67)
(0)
0
16,282
37,465
51,147
(383,068)
241,240
13,695
254,935
638,003
257,923
51,160
309,083
254,935

The notes form part of these financial statements

Page 5

TRINITY CHURCH NOTTINGHAM

STATEMENT OF FINANCIAL POSITION At 31[st] December 2023

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		 2023
2022
Unrestricted
funds
Restricted
funds
Total
Total
£
£
£
£
20,330
0
20,330
31,947
9,910
0
9,910
9,516
289,353
51,160
345,513
315,436
299,263
51,160
350,423
324,952
(29,975)
0
(29,975)
(33,976)
269,288
51,160
320,448
290,976
289,618
51,160
340,778
322,923
(31,695)
0
(31,695)
(67,988)
257,923
51,160
309,083
254,935
51,160
51,160
13,695
257,923
257,923
241,240
257,923
51,160
309,083
254,935

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
Grant income
Other income
3. Investment income
Interest income
Interest income
4. Expenditure on charitable activities
Church charitable activities
Support costs
Church charitable activities
Support costs
Fixed asset write off
5. Analysis of support costs
On church activities:
Independent examiner
Accounting
Bank charges
Insurance
Trustee meetings		 Unrestricted
£
572,525
127,706
68,809
69,197		 Restricted
2023
£
£
18,046
590,571
0
127,706
50,500
119,309
0
69,197
68,546
906,783
Restricted
2022
£
£
4,324
349,994
0
44,799
5,000
5,000
0
42,147
838,238
Unrestricted
£
345,670
44,799
0
42,147
432,616 9,324
441,940
Unrestricted
£
1,618		 Restricted
2023
£
£
0
1,618
Unrestricted
£
23		 Restricted
2022
£
£
0
23
Unrestricted
£
821,494
1,746		 Restricted
2023
£
£
31,014
852,508
0
1,746
823,240 31,014
854,254
Unrestricted
£
387,095
1,504
420,026		 Restricted
2022
£
£
16,406
403,501
0
1,504
0
420,026
808,625 16,406
825,031
2023
2022
£
£
350
352
375
522
165
186
837
393
19
51
1,746
1,504

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		 2023
2022
£
£
316,895
149,209
11,490
5,592
328,385
154,801

Trustees’ expenses

There were no trustees' expenses paid for the 16 months ended 31[st] December 2023.

2023 2022
No. No.
The average monthly number of employees during the period was as follows: 0 7
Clergy and ordinands in training placed full or part-time by the Diocese 0 8

No employees received emoluments in excess of £60,000.

7. Tangible fixed Assets

Cost
Cost brought forward
Additions
Write off
Total cost carried forward
Depreciation
Depreciation brought forward
Charge for year
Write off
Total depreciation carried forward
Net Book Value
At 31 December 2023
At 31 August 2022		 Leasehold
Building
Improvements
PA
Equipment
Office
Equipment
Total
£
£
£
£
30,193
108,175
21,599
159,967
0
0
0
0
0
0
30,193
108,175
21,599
159,967
13,725
97,812
16,483
128,020
1,943
4,691
4,983
11,617
0
0
15,668
102,503
21,466
139,637
14,525
5,672
133
20,330
16,468
10,363
5,116
31,947

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. Improvement work has been written off in the year.

8. Debtors

Prepayments and accrued income 2023
2022
£
£
9,910
9,516
9,910
9,516

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
Creditors: amounts falling due after more than 1 year
Loans		 2023
2022
£
£
3,958
5,958
350
350
25,667
27,668
29,975
33,976
2023
2022
£
£
31,695
67,988
31,695
67,988

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

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 2022
31st Dec 2023
241,241
785,643
(768,562)
0
258,322
0
0
0
0
0
241,241
785,643
(768,562)
0
258,322
Balance
Income
Expenditure
Transfers
Balance
1st Sept 2021
31st Aug 2022
461,203
432,639
(650,334)
(2,267)
241,241
158,290
0
(158,290)
0
0
619,493
432,639
(808,624)
(2,267)
241,241

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

Love Your Neighbour
Love Christmas
Pastoral support fund
Restricted appeal
Bishops confirmation fund
Afghan grant
Y&C Grant
Youth Fund
St Saviour’s
Total Funds		 Balance
Income
Expenditure
Transfers
Balance
1st Sept 2022
31st Dec 2023
2,836
1,063
(4,346)
0
(447)
0
4,013
(3,168)
0
845
7,645
0
0
0
7,645
964
2,370
(2,207)
0
1,127
0
35
0
0
35
2,250
0
(2,750)
0
1,600
0
50,000
(15,000)
0
35,000
0
5,878
(1,435)
0
4,443
0
4,722
(4,208)
0
514
13,695
68,081
(31,014)
0
50,762

The notes form part of these financial statements

Page 10

TRINITY CHURCH NOTTINGHAM NOTES TO THE FINANCIAL STATEMENTS

Restricted Funds
Love Your Neighbour
Christmas boxes
City Alive
Pastoral support fund
Restricted appeal
Bishops confirmation fund
Afghan grant
Total Funds		 Balance
Income
Expenditure
Transfers
Balance
1st Sept 2021
31st Aug 2022
3,626
0
(790)
0
2,836
40
850
(1,847)
957
0
2,934
0
(4,244)
1,310
0
11,910
0
(4,265)
0
7,645
0
3,100
(2,136)
0
964
0
374
(374)
0
0
5,000
(2,750)
0
2,250
18,510
9,324
(16,406)
2,267
13,695

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. This was fully repaid in this financial period.

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

Income
1 Donations and legacies
1.10 Planned giving
1.20 One Off Gifts
1.30 Collections at services
D7 Collections - GASDS
Total 1.30 Collections at services
D5 Gift Aid
Special Appeals
Kids Donation
Youth Donations
Total Special Appeals
Total 1 Donations and legacies
4 Investments
I1 Bank interest
Total 4 Investments
Grants
Diocese Salary Contributions
Diocese Y&C Grant
Total Grants
Sales of Product Income
A1 Conference and Event Income
Focus
Streams
Student Events
The Orchard
The Orchard Leaders' Retreat
The Orchard Local
The Orchard Youth Stream
Total The Orchard
Weekend Away
Worship Events
Youth
Fuel
Youth Football Camp
Youth Weekend Away
Total Youth
Total A1 Conference and Event Income
Total Sales of Product Income
Services		 Sep 2022- Dec 2023
Total
510,471.15
25,524.90
10,887.24
724.19
£
11,611.43
127,705.85
4,105.98
72.00
1,575.01
£
5,752.99
£
681,066.32
1,618.40
£
1,618.40
5,500.00
63,809.23
50,000.00
£
119,309.23
8,270.09
362.43
495.65
609.05
2,300.59
185.54
2,959.77
£
6,054.95
41,080.52
6,440.34
78.04
158.00
6,040.05
£
6,276.09
£
68,980.07
£
68,980.07
37,210.70

Page 12

TRINITY CHURCH NOTTINGHAM

The following pages do not form part of the Financial Statements

Fees Retained by Parish
Total Services
Uncategorised Income
Total Income
Total
Expenditures
Central
7.4.1 Building and Administration
O10 Furniture
O11 Health & Safety
O12 Accounting
G4.1 Audit & IE fees
Total O12 Accounting
O4 Utilities
Diocesan Grant
Gas & Electric
Electricity
Gas
Total Gas & Electric
Waste
Water
Total O4 Utilities
O7 Repair and maintenance
O9 Cleaning
Office and Building Supplies
Building Consumables and Equipment
Internet, Phone and Computer Costs
O1.1 Office & building equipment
O1.2 Office Resources & Software
Stationery
Total Office and Building Supplies
Total 7.4.1 Building and Administration
7.4.2 Staff costs
Interns
S4 Staff Team and Events
Leadership Meeting
Staff Christmas
Staff Gifts
Staff Retreat
Table Local
Total S4 Staff Team and Events
S7 Travel
Total 7.4.2 Staff costs
Total Central
Depreciation		 217.00
£
37,427.70
£
908,401.72
£
908,401.72
4,974.86
6,942.75
520.10
375.00
£
895.10
-9,250.00
19,641.46
2,599.89
1,968.98
£
24,210.33
4,677.81
1,080.90
£
20,719.04
11,889.23
13,592.31
47.93
9,713.45
2,907.30
1,504.19
1,847.15
342.49
£
16,362.51
£
75,375.80
19,319.11
8,043.83
82.81
814.25
10.00
1,165.45
22.25
£
10,138.59
3,516.90
£
32,974.60
£
108,350.40
11,617.00

Page 13

TRINITY CHURCH NOTTINGHAM

The following pages do not form part of the Financial Statements

M10 10%
Ministry
7.10 Development
C4 Leadership Development
New Campuses
Total 7.10 Development
7.20 Connection
C1 Connect
Church Library
Total 7.20 Connection
7.30 Mission & Evangelism
7.60 Compassion
Afghan Refugees
Home Space
Home Space Christmas
Home Space Wednesdays
Women's Home Space
Total Home Space
Love Christmas
M3 Love Your Neighbour
Total 7.60 Compassion
M2 Alpha
Total 7.30 Mission & Evangelism
7.40 Worship & Production
School of Worship
Total 7.40 Worship & Production
7.50 Emerging Generations
W4 Youth
Youth Weekend Away
Total W4 Youth
W5 Kids and Tots
Total 7.50 Emerging Generations
7.80 Clergy
C11 Baptisms
C14 Pastoral Visits
Clergy Costs
Diocesan Conference
Total Clergy Costs
Communion
Total 7.80 Clergy
Community Life
7.70 Belong
C13 Marriage Course
Total 7.70 Belong
Group Life		 34,800.00
8,216.57
3,010.10
£
11,226.67
586.75
459.44
£
1,046.19
84.91
696.30
6,755.36
767.79
757.09
186.29
£
8,466.53
3,039.02
2,347.50
£
14,634.26
3,104.13
£
17,738.39
22,345.69
720.00
£
23,065.69
16,830.20
6,569.76
£
23,399.96
11,852.42
£
35,252.38
525.00
254.03
653.96
340.00
1,260.00
£
1,600.00
661.23
£
3,694.22
127.13
660.00
£
660.00
1,143.94

Page 14

TRINITY CHURCH NOTTINGHAM

The following pages do not form part of the Financial Statements

Students
W10 Prayer
Allotment
Total W10 Prayer
Total Community Life
Conferences & events
C8.1 Focus
M6 Event Hosting
The Orchard
Orchard Gathering
Orchard Local
Orchard Retreat
Orchard Youth
Total The Orchard
W3 Festival services
Christmas Services
Beer and Carols
Christingle Service
Decoration
Family Christmas
Trinity Carols
Total Christmas Services
Easter Services
Total W3 Festival services
Weekend Away
Event Spend
Venue Hire
Total Weekend Away
Total Conferences & events
Sundays, Comms and Media
C10 Volunteer Appreciation
C3 Church media and communications
Equipment and Miscellaneous
Promotional
Subscriptions
Total C3 Church media and communications
W2 Hospitality
W8 Preaching Internal
W9 Visitors
Total Sundays, Comms and Media
Total Ministry
Other
7.3.2 Grants
M13 Restricted Appeals Donation
Y&C Grant		 7,652.13
125.57
544.87
£
670.44
£
10,253.64
17,916.96
30.05
12,029.21
474.38
2,019.25
3,247.35
£
17,770.19
6,131.22
347.99
85.50
427.17
1,135.02
10.33
£
8,137.23
561.99
£
8,699.22
47.39
7,543.12
38,644.90
£
46,235.41
£
90,651.83
2,767.88
4,505.04
44.09
655.11
799.27
£
6,003.51
6,522.08
401.64
3,534.55
£
19,229.66
£
212,158.67
6,414.64
3,000.00

Page 15

TRINITY CHURCH NOTTINGHAM

The following pages do not form part of the Financial Statements

Total 7.3.2 Grants
G1 Trustees Meeting
G3 Professional Fees
G4 J&A Support
G6 Parish Share
O13 Parish Insurance
Other costs
Z1 Interest expense
Z2 Bank Charges
Z4 Lump, Assets and Capital
Z99 Contingency
Birth & Bereavement Gifts
Total Z99 Contingency
Total Other costs
Total Other
Pastoral Support Fund
Payroll Expenses
Pension
Taxes
Wages
Total Payroll Expenses
Personnel Costs
St Andrew's Transfer Fund
Uncategorised Expense
Total Expenditures
Net Operating Income
Other Expenditures
Transfer to Building Fund - Non-restricted
Transfer to Building Fund - Restricted
Transfers from Building
Total Transfer to Building Fund - Restricted
Total Other Expenditures
Net Other Income
Net Income/(Expenditure)		 £
9,414.64
18.62
35.00
1,461.22
100,000.00
837.40
5,206.66
165.00
35,967.40
127.44
£
127.44
£
41,466.50
£
153,233.38
2,923.91
11,489.53
16,931.33
270,766.31
£
299,187.17
29,197.94
2,785.38
0.00
£
854,253.85
£
54,147.87
1,413.40
-1,413.40
-£
1,413.40
£
0.00
£
0.00
£
54,147.87

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