2024-12-31-accounts - Trinity Church Nottingham

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UNAUDITED FINANCIAL STATEMENTS For the year to 31 December 2024

Charity Reg No 1170403

TRINITY CHURCH NOTTINGHAM Financial Statements for the year to 31 December 2024 Contents

Page 3 Page Page 4/5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12	Company Information Contents Directors Trustees' Report Independent Examiners Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements - Accounting Policies Notes to the Financial Statements (Continued) Notes to the Financial Statements (Continued) Notes to the Financial Statements (Continued)

TRINITY CHURCH NOTTINGHAM Financial Statements for the year to 31 December 2024 Company Information

Trustees Revd John Hughes Chair Amelia Watkins Smith (Appointed 12//06/24) Adam jones (Appointed 12//06/24) Fraser Bell (Appointed 12//06/24) Ben Waymark (Appointed 12//06/24) Ruth Lancastle Clarkson Webb (Appointed 12//06/24) Eleanor Dawn Wreford (Appointed 12//06/24) Kirsten Chung (Appointed 12//06/24) Charlie Palmer (Appointed 12//06/24) Rasmi Mohan (Appointed 12//06/24) M Arlington C Ives (Resigned 29/04/24) L Bignall E Pattison (Resigned 20/11/24) D Davis (Resigned 11/05/24)

Address Trinity Church Nottingham (Registered Charity No 1170403) 192 Mansfield Road Nottingham NG1 3HX

Independent Examiner Andrew Pearson

Exec Practice Ltd 87 Main Street Newtown Linford Leicestershire LE6 0AF

TRINITY CHURCH NOTTINGHAM Financial Statements for the year to 31 December 2024 Directors Trustees' Report (1)

The trustees present their report and financial statements for the year ended 31 December 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ''Accounting and Reporting by Charities'' FRS 102 in preparing the annual report and financial statements of the charity.

Objectives & Aims of the Charity

The objectives 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
Establishing missionary work

The vision of the Trinity Church is to see, "The Church on Fire", a city alive. As such it is our intent, to act in such waysthat, aligned to the Charity's 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.

Achievements and Performance

2024 was a year of growth and depth for Trinity Church Nottingham. We continued to see increases in attendance at all services across demographics, though once more this was spearheaded by the thriving youth and children's ministries. The many stories of young people arriving at church from non-Christian backgrounds and encountering God have been immensely encouraging.

We have also sought to deepen our relationships, both within the Trinity community and across churches. Discipleship groups were launched in October and have been a resounding success, with over 300 signed up and attending by the end of the year. These have already proven to be places of increased connection to one another and to God. Furthermore, we've been establishing relationships through the 'Table' networks of churches. This is a national group of churches with similar visions, borne from King's Cross Church in London, and we have in turn been fostering the East Midlands section of the network. We are hugely excited by this opportunity to share resources, support, stories and encouragement with this new family of churches in the coming years.

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 (2023 60)

Financial Review

Grants & Donations, including funds reclaimed under the Gift Aid system were £725,347 . Expenditure on charitable activities £778,830.

There was a Deficit at the year-end of £53,483 . Unrestricted Cash Reserves at year end were £200,999 (2023 £289,752).

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

TRINITY CHURCH NOTTINGHAM Financial Statements for the year to 31 December 2024 Directors Trustees' Report (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.

Directors & Trustees

Directors who have held office are also Trustees of the charity as follows

ve held office are also	Trustees of the charity a
Revd John Hughes	Chair
Amelia Watkins Smith	(Appointed 12//06/24)
Adam jones	(Appointed 12//06/24)
Fraser Bell	(Appointed 12//06/24)
Ben Waymark	(Appointed 12//06/24)
Ruth Lancastle Clarkson	Webb(Appointed 12//06/24)
Eleanor Dawn Wreford	(Appointed 12//06/24)
Kirsten Chung	(Appointed 12//06/24)
Charlie Palmer	(Appointed 12//06/24)
Rasmi Mohan	(Appointed 12//06/24)
M Arlington
C Ives	(Resigned 29/04/24)
L Bignall
E Pattison	(Resigned 20/11/24)
D Davis	(Resigned 11/05/24)

Directors & Trustees

Subject to appointments at the Annual General Meeting the trustees shall appoint members and committees to control of the affairs of the organisation and may delegate any part of its duties to such committees. Without prejudice to the generality of the foregoing, the directors powers shall include the appointment, control and dismissal of all members and staff.

Recruitment and appointment of new trustees

The trustees 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 Trinity Church Nottingham 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 details of their responsibility as a Trustee, Rules of the Church, together with a copy of the latest accounts and any other past minutes or further information they may require.

Statement of Trustees Responsibilities

The Trustees are required as a charity and under the Charities Act 2011 to prepare financial statements for each financial year which give a true and fair view of the affairs of the company and disclose the net income or expenditure of the charity for that period and

select suitable accounting policies and apply them consistently
make reasonable and prudent judgements and estimates
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business
observe the methods and principles in the Charities SORP

The Trustees are also responsible for:

keeping proper accounting records
safeguarding the company assets
taking reasonable steps for the prevention of fraud

Approved by the Trustees on …........................... and signed on its behalf by:

Revd J Hughes Chair Trustee L Bignall Trustee

TRINITY CHURCH NOTTINGHAM Financial Statements for the year to 31 December 2024 Independent Examiners Report

Independent examiner's report to the trustees of Trinity Church

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.

Responsibilities and basis of report

The trustees' are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011(the 2011 Act) and that an independent examination is needed. I am qualified to undertake the independent examination, by being a qualified member of CIMA.

Independent examiners statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1 accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
2 the accounts do not accord with those records; or
3 the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland. (FRS 102)

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 enable a proper understanding of the accounts to be reached.

Signed Date A Pearson 12 May 2025

Andrew Pearson FCMA 87 Main Street Newtown Linford Leicestershire LE6 0AF

TRINITY CHURCH NOTTINGHAM

Financial Statements for the year to 31 December 2024

Statement of Financial Activities including Summary of Income & Expenditure Account

Note Incoming Resources Grants & Donations 2 Other incoming resources Gift Aid Investment Income Total Income Resources expended Charitable Activities Activities Salaries, Wages & Pensions 5 Bank Charges Utility Costs Insurance Professional Fees IT Phone & Computer Costs Repairs & Maintenance & Cleaning Building Rent Office Administration Costs Bank Interest Depreciation Pastoral Share Total Other Costs Independent Accounts & Examination 7 Total Expenditure Net Income/(Expenditure) for the Year Accumulated Reserves b/f Accumulated Reserves c/f	16 months £ £ £ £ Unrestricted Restricted Total Total Funds Funds 2024 2023
	514,723 70,038 584,761 709,880 55,685 - 55,685 69,197 79,810 - 79,810 127,706 5,091 - 5,091 1,618
	655,309 70,038 725,347 908,401
	130,612 44,052 174,664 264,246 274,387 28,564 302,951 328,385 135 - 135 165 19,805 - 19,805 20,719 444 - 444 837 504 9,938 10,442 3,868 - 3,868 4,754 103,957 - 103,957 84,974 16,200 - 16,200 - 46,717 - 46,717 32,975 2,150 - 2,150 5,207 12,117 - 12,117 11,617 84,000 - 84,000 100,000
	694,896 82,554 777,450 853,879
	1,380 - 1,380 375
	696,276 82,554 778,830 854,254

	(40,967) (12,516) (53,483) 54,147
	257,923 51,160 309,083 254,936
	216,956 38,644 255,600 309,083

TRINITY CHURCH NOTTINGHAM (Company Registered No 08364771) Financial Statements for the year to 31 December 2024 Balance Sheet

Note Assets Fixed Assets 4 Current Assets Debtors & Prepayments 6 Cash at Bank and in hand Less Current Liabilities Creditors less than one year 8 Net Current Assets Total Assets less Current Liabilities Creditors more than one year Reserves Unrestricted funds Restricted funds 9 Total Reserves	£ £ £ £ Unrestricted Restricted Total Total Funds Funds 2024 2023 29,610 - 29,610 20,330 14,733 - 14,733 9,910 200,999 38,644 239,643 340,513 215,732 38,644 254,376 350,423 (14,821) - (14,821) (29,975)
	200,911 38,644 239,555 320,448

	230,521 38,644 269,165 340,778
	(13,565) - (13,565) (31,695)
	216,956 38,644 255,600 309,083
	216,956 - 216,956 283,159 - 38,644 38,644 25,924 216,956 38,644 255,600 309,083

These financial statements have been prepared in accordance with the provisions applicable to charitable companies.

Approved by the Trustees on …................ and signed on its behalf by:

Rev'd J Hughs Chair Trustee L Bignall Trustee

TRINITY CHURCH NOTTINGHAM Financial Statements for the year to 31 December 2024 Notes to the Financial Statements

1 Accounting Policies

1.1a Basis of preparation

The charity is a 'public benefit entity'. The financial statements have been prepared in accordance with 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 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The CIO has taken advantage of the following disclosure exemptions in preparing these financial statements as permitted by FRS 102

the requirements of Section 7 Statement of Cash Flows

1.1b Preparation of the accounts on a going concern basis

The Charity reported a Deficit of £53,483 for the year ended 31 December 2024. The trustees are of the view, that given the Charity's reserve position, and outlook of support for the next 12 months, that the charity is a going concern.

1.2 Resources Expended

Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to that category. Where costs cannot be directly attributed to particular headings, costs have been allocated to activities on a basis consistent with the use of resources. Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure and it is probable that a transfer of economic benefit will be required in settlement of the obligation, and can be reliably measured.

1.3 Donations and Voluntary Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to funds and it is probable that the income will be received and the amount can be measured reliably. Donations and Voluntary Income are accounted for when received.

1.4 Grants Receivable

Grants for immediate expenditure are accounted for when they become receivable. Grants received for specific purposes are treated as restricted funds.

1.5 Grants Payable

Grants Payable are accounted for when they are paid.

1.6 Allocation of Costs & Restricted Fund Accounting

Costs have been allocated between charitable activity and governance costs Where items involve more than one fund they are apportioned between categories, and apportioned to fund based on the estimated expenditure of resource according to the nature of cost. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The aim and use of restricted funds is set out in the notes to the financial statements.

1.7 Fixed Assets and Depreciation

Fixed Assets for charity use are capitalised at cost, or valuation if donated. Depreciation is calculated to write off the assets. Less their estimated residual value, over their useful lives on the following basis:

PA Equipment 4 years straight line basis Office Equipment 4 years straight line basis

Depreciation commences in the year after purchase or commissioning

TRINITY CHURCH NOTTINGHAM Financial Statements for the year to 31 December 2024 Notes to the Financial Statements

2 Grants and Donations

During the year the charity received the following voluntary income

3 4 5	During the year the charity received the following voluntary income £ £ Total Unrestricted Restricted 2024 Church Donations Love Your Neighbour - - - Love Christmas - 1,796 1,796 Building Fund - 18,149 18,149 Restricted Appeal - 790 790 Bishops Confirmation Fund - - - Pastoral Suport Fund - 1,648 1,648 Legacy 20,000 20,000 Youth Fund - 7,655 7,655 St Saviours - - - Just Sow - 10,000 10,000 Other Donations 411,488 - 411,488 Grants Y & C Grant - - - Henry Smith - 30,000 30,000 Other Grants 83,235 - *83,235* Total Grant & Donations 514,723 70,038 584,761 Investment Income 5,091 - 5,091 Fixed Assets Leasehold PA Office Building Equipment Equipment Cost b/f 30,193 108,175 21,599 Additions - 21,397 - Disposal - - - Write off - - - Cost c/f 30,193 129,572 21,599 Depreciation b/f 15,668 102,503 21,466 Charge for Year 2,443 4,691 4,983 Eliminated on Disposal - - - Depreciation c/f 18,111 107,194 26,449 Net book value b/f 14,525 5,672 133 Net book value c/f 12,082 22,378 (4,850) Staff costs & Employees 2024 The average monthly number of employees during the period was as follows: 11 Clergy and ordinands in training placed full or part-time by the Diocese 9 Employment costs: £ Wages and salaries 291,835 Employer pension contributions 11,116 302,951 No employee received remuneration amounting to more than £60,000 in either year. No of Volunteers assisting the organisation was: 60	During the year the charity received the following voluntary income £ £ Total Unrestricted Restricted 2024 Church Donations Love Your Neighbour - - - Love Christmas - 1,796 1,796 Building Fund - 18,149 18,149 Restricted Appeal - 790 790 Bishops Confirmation Fund - - - Pastoral Suport Fund - 1,648 1,648 Legacy 20,000 20,000 Youth Fund - 7,655 7,655 St Saviours - - - Just Sow - 10,000 10,000 Other Donations 411,488 - 411,488 Grants Y & C Grant - - - Henry Smith - 30,000 30,000 Other Grants 83,235 - *83,235* Total Grant & Donations 514,723 70,038 584,761 Investment Income 5,091 - 5,091 Fixed Assets Leasehold PA Office Building Equipment Equipment Cost b/f 30,193 108,175 21,599 Additions - 21,397 - Disposal - - - Write off - - - Cost c/f 30,193 129,572 21,599 Depreciation b/f 15,668 102,503 21,466 Charge for Year 2,443 4,691 4,983 Eliminated on Disposal - - - Depreciation c/f 18,111 107,194 26,449 Net book value b/f 14,525 5,672 133 Net book value c/f 12,082 22,378 (4,850) Staff costs & Employees 2024 The average monthly number of employees during the period was as follows: 11 Clergy and ordinands in training placed full or part-time by the Diocese 9 Employment costs: £ Wages and salaries 291,835 Employer pension contributions 11,116 302,951 No employee received remuneration amounting to more than £60,000 in either year. No of Volunteers assisting the organisation was: 60	*16 months* *Total* *2023*
			1,063 4,013 - 2,370 35 - - 5,878 4,722 572,490 50,000 69,309
			709,880
			1,618 Total 2024 159,967 21,397 - -
			181,364
			139,637 12,117 -
			151,754
			- 20,330 29,610
			*2023* 7 8 £ 316,895 11,490
		302,951	328,385
		60	0

TRINITY CHURCH NOTTINGHAM Financial Statements for the year to 31 December 2024 Notes to the Financial Statements

	TRINITY CHURCH NOTTINGHAM Financial Statements for the year to 31 December 2024 Notes to the Financial Statements
6	Debtors & Prepayments Sundry Debtors Total	*16 months* 2024 *2023* £ £ 14,733 9,910
		14,733 9,910

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs and are measured subsequently at amortised cost using the effective rate of interest, less any impairment.

7 8	Independent Examiners Fees Fees for independent examination Creditors : amounts falling due within one year Accruals Taxation and Social Security Loans	£ £ 1,380 375 Unrestricted Restricted 2024 2023 3,791 - 3,791 350 350 - 350 3,958 14,821 - 14,821 25,667
		18,962 - 18,962 *29,975*

9 Creditors : More than one Year

Diocese Loans

Short term Creditors are measured at transaction price. Ther financial liabilities including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost using the effective rate of interest method.

10 Analysis of Funds

Restricted Funds - Net Current Assets

Donor/Sponsor Just Sow Love Christmas Pastoral Support Fund Restricted Appeal Afghan Grant Y & C Grant Henry Smith Building Fund Youth Fund Balance Sheet Fixed Assets Current Assets Current Liabilities Long Term Liabilities Total	Balance b/f Income Expenditure Balance c/f - 10,000 - 10,000 845 1,796 (2,641) - 7,645 1,648 (4,371) 4,922 1,127 791 (1,800) 118 1,600 (70) 1,530 35,500 (35,500) - - 30,000 (20,958) 9,042 - 18,148 (9,937) 8,211 4,443 7,655 (7,277) 4,821
	51,160 70,038 (82,554) 38,644
	Designated Unrestricted Restricted Total Funds Funds Funds Funds - 29,610 - 29,610 - 215,732 38,644 254,376 - (14,821) - (14,821) - (13,565) - (13,565)
	- 216,956 38,644 255,600

11 Transactions with Director Trustees & Related Parties

None of the trustees have been paid any remuneration or received any other benefits from an employment with the charity or a related entity for the years ended 31 December 2024 and 31 December 2023. No trustee expenses have been incurred for the years ended 31 December 2024 and 31 December 2023.

12 Controlling Party

No one party has control over the company.