## **Holy Trinity Roehampton** Charity number: 1176544 **Annual Report and Accounts for the year ended 31[st] December 2023** **HOLY TRINITY CHURCH ROEHAMPTON CONTENTS** |Reference and administrative details of the charity, its trustees and advisers|3| |---|---| |PCC members' report|4| |Independent examiner's report|11| |Statement of financial activities|12| |Balance sheet|13| |Notes to the financial statements|14| Page 2 **HOLY TRINITY CHURCH ROEHAMPTON REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023** ## **PCC members** Joshua Rey, Vicar Claire Whitmore, Curate Rose Ferguson, Churchwarden Lynne Capocciama, Churchwarden Janet Bishop, Reader appointed by APCM M Woodroffe, Reader appointed by APCM Tom Kemoh, Representative of the Laity Jean Vincett, Representative of the Laity Pam Harris, Representative of the Laity Alan Housden, Representative of the Laity Susan Melhuish, Representative of the Laity Annie Rey, Representative of the Laity Collins Enyiorji, Representative of the Laity Eunice Leech, Representative of the Laity Pam Smiter, Representative of the Laity Ali Angus, Deanery Synod Representative **Charity registered number** 1176544 ## **Principal office** Holy Trinity Vicarage 7 Ponsonby Road London SW15 4LA ## **Independent Examiner** Richard Holman FCA Page 3 **HOLY TRINITY CHURCH ROEHAMPTON PCC MEMBERS' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023** The PCC members present their annual report together with the financial statements of the charity Holy Trinity Roehampton (the church) for the year ended 31 December 2023. The PCC members confirm that the Annual Report and financial statements of the church comply with the current statutory requirements, the Church Representation Rules and the provisions of the Statement of Recommended Practice (SORP), 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). ## **Mission and Worship** ## **Aims and purposes** The PCC of Holy Trinity Roehampton has the responsibility of promoting the ecclesiastical parish and the whole pastoral, evangelistic, social and ecumenical mission of the Church. We aim for growth in three dimensions: in numbers, in depth of faith and spiritual engagement, and in breadth of love and service to our community. ## **Objectives and Activities** In 2022 the PCC adopted a Mission Action Plan with the headline “we are the Parish Church of Roehampton.” The full MAP may be viewed here: In summary: - We are the Parish Church of Roehampton - This place needs a Parish Church - This involves a thorough commitment to the place, and to the continuity of our community and worship - Being that, the best we can, will ensure we all flourish - Thus we simply continue to build up - our welcoming culture of loving relationships - engagement with young people, and nurturing disciples - empowerment of all to lead and do, with effective structures - committed spirituality and inspiring worship services - holistic small groups - Thematically our focus will be in the areas of - Worship and prayer - Children and young people - Welcome, hospitality, and social events - Festivals and community service Below is a summary report of mission and ministry in the year to Easter 2024. ## **Overview of Mission and Ministry** Two years ago we adopted our new Mission Action Plan with its strapline “We are the Parish Church of Roehampton.” Roehampton needs a centre, a shape and a sense of direction. The parish church must speak of the _logos_ , of love and order and purpose. We are getting better at doing this, using words where necessary. We also, as a congregation, speak more confidently and less self-consciously about growth. We think of growth in three dimensions: in depth of spiritual engagement, in breadth of love and service, and in numbers. As to numbers, we continue our upward trajectory. This shows communicants on Sunday morning (weekly, 8 week rolling average, trend): Page 4 **HOLY TRINITY CHURCH ROEHAMPTON PCC MEMBERS' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023** And this shows average weekly attendance at the daily offices: This second chart masks a steeper curve for evening prayer. Morning prayer remains still mainly a clergy office. Evening prayer is now a larger and more broadly based congregation, and the office continues when the clergy are absent. What is happening at evening prayer is a good example of the kind of growth we are experiencing. It is slower than I long for, but seems organic, sustainable and broadly based. People who live here are coming back to church, or coming in for the first time, and are growing in active faith. ## **Outreach** The focus for our activities that look explicitly beyond the gathered community is the Growth Fund, a sum of money largely donated anonymously over the last two years, which the PCC has designated for this purpose. So far the main call on the growth fund has been to provide housing for our Curate, and to pay for a range of outreach activities, pursuing a Page 5 **HOLY TRINITY CHURCH ROEHAMPTON PCC MEMBERS' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023** programme of action research, with a process for shutting things down that don’t work, accelerating things that do, and learning lessons from both. The table below is the summary presented to the quarterly growth committee that provides accountability for these activities. Status key: at every Growcom meeting each project is desginated as either (a) close down (b) continue development (c) multiply or (d) taking off. |_Project Title_|_Status_|_Comments_| |---|---|---| |Mindful Music|(d)|This really does seem to have taken off and become completely self-
sustaining- albeit that it is not overtlymissional| |Pilgrim Course|(c)|Have now run four. Not running one this term - to continue as a general
principle - also encouragegroupthat did it last term togo self-supporting.| |Campfire|(c)|Continues roughly monthly. A shift in who comes from when we started
out- most now coming because they have a relationship with us, which
means can begin to build month-on-month. Worth nurturing - would really
benefit from one or two regular volunteers.| |Wandsworth Arts
Fringe|(c)|Lots of parishioners came through the doors for 125th anniversary
exhibitions / concerts in June 2023, with growing sense of life in church,
commitment from neighbours to making good things happen – now
buildingupto June 2024,fairlyself-sustaining.| |EveningPrayer|(c)|Growingslowlybut surely– and an end in itself.| |Tea bike|(c)|Has had its first outing - waiting to see how this develops - now
incorporatingCoffee Mondays.| |Singing Circle|(c)|Now a regular fixture fortnightly; 12 people at the most recent one, with a
few people staying for compline - meditation and singing in the church is
somethingto encourage; growingsense of communityin thisgroup.| |Morning Prayer|(b)|Moved start back to 0830 and a few more have attended - when weather
improves to encourage more to come in and have a regular weekly
breakfast on a Thursday.| |Christmas market
stall|(b)|Worked better 2023 than 2022 - to do again - the mural and the photo
printingreally gave it an edge.| |Christmas story time
at the library|(b)|The library management has changed AGAIN - but Claire has been invited to
speak on apanel about careers for children for International Women’s Day.| |Christmas Party|(b)|About 70 people came into the church and had a good time with music and
hot food. We need something in this slot - however the music was not quite
right (two contrasting styles / expectations) and the food was too much.
Consider different format - what would be an effective stepping stone to
church. A series of parties (Harvest, Halloween, Christmas)? An explicitly
children'sparty, perhaps run by youth worker? Christmas tree festival?| |Epiphany Stars|(b)|Still quite a few left over from Christmas just gone. Hard to gauge impact,
but probably worth perservering with - this highlights again the need for
volunteers, as Claire wasn't well enough to do as much distribution as last
year. Consider includingan explanatorycard.| |Women’s Bible Study|(b)|Has ceased for now - but should be a longterm objective| |Slow down zones|(b)|Didn't always do what was intended, but drew people in - try again next
Summer with better signposting of where / when / what's on offer. This
needs to be sustainable long term without the Vicar who will never be
around in August. Open church withpassive activities?| |Coffee Mondays|(a)|Not cancelled so much as rolled into the tea bike project - though this
particular instance of the tea bike will now be less frequent.| |Cosy Corner|(a)|Warm space has now closed - despite best efforts at publicity, was not
growing,and too costlyin time and money.| Page 6 **HOLY TRINITY CHURCH ROEHAMPTON PCC MEMBERS' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023** |Nativity trail|(a)|A wonderful idea that unfathomably didn’t get any traction at all: impact
readily measurable by attendance at Crib Service, and nobody who
attended was there because of the trail.| |---|---|---| |Sheltered
Accommodation
Carols|(a)|Low take up, high opportunity cost to get it going.| |Saturday morning
homework club|(a)|Didn’t take off.| |Student welcome|(a)|Didn't take off - not togive upon attractingstudents however| |Library Coffee
Morning|(a)|Not picking up huge numbers at the library, the Library manager who was
sponsoringit has left| Our burn rate is about to increase, however, as we will shortly complete two long planned recruitments: - Director of Music to build up a children’s choir. - Children and Families Missioner. We have grant funding in place for a salary for this post. We have raised capital for Mission Housing (https://www.missionhousing.org.uk) to purchase a flat in the parish in which the Missioner will live. Mission Housing made an offer on a flat in January, but not exchanged contracts yet. We hope to appoint before August. ## **Growth in church life** We make no absolute distinction between outreach and the life of the gathered congregation. “Outreach” is often where members of the gathered congregation deepen their faith and sense of belongong. And we can only invite people to belong to a church that is thriving as an end itself. With that reservation, let me summarise the growth of congregational life in the past year. As above, **daily and weekly prayer and worship** continues and grows. Our young people are actively involved in putting on our services, as servers and readers and in other ways. We are also getting better at our **seasonal observances** . - Our Advent and Christmas Carols, Crib Service and Midnight Mass are more proficient and joyful each year, and increasingly valued by the neighbours. The church is fully candlelit between Advent Sunday and Candlemas. - This Easter was the second year we have put on a dawn service, and the congregation has grown. This year we explictly treated Maundy Thursday, Good Friday and Easter as a unified Triduum which worked well and which we can commend to the wider community with confidence. - Our Remembrance service is another point in the year at which we are getting better at offering worship that has integrity but which also attracts those new to the church. This year we have added a few **new liturgical things** : - A Taizé service, roughly monthly on a Sunday evening, usually timed to co-incide with a festival - Campfire Church, again roughly monthly, keying off festivals that hint at cookery (Shrove Tuesday was particularly successful) – aimed at children and families - Singing Circle, fortnightly – aimed at the “spiritual but not religious” – three quarters of an hour of voice work and meditation (resourced by a local professional in the field) with optional Compline to follow - Monthly midweek Choral Evensong sung by the choristers of Ibstock Place School Going **beyond the liturgical** : - We hosted the Deanery confirmation service in May, and I presented eight candidates, some of whom were also baptised at the same service. - Half a dozen candidates are being prepared for confirmation in early Autumn. - We have continued to run a termly Pilgrim Course (though we missed out this Spring as we were short of candidates and I was a bit stretched). - We now have a monthly youth group, as a stop gap until our children’s worker will have been recruited, with a dozen young people attending. Page 7 **HOLY TRINITY CHURCH ROEHAMPTON PCC MEMBERS' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023** - Pastoral relationships continue to grow and deepen in an unquantifiable but valuable way – evening prayer is a good, but not the only, focus for this. - We are getting better at putting on parties for ourselves as a congregation and for the wider community – Harvest / Christmas / to celebrate baptisms _etc_ – recently set up a new social committee that is widening the group of people who make all this happen. - We now keep the church open during the day and more and more people are coming in to pray or simply enjoy the building. Some are also using it as a rehearsal space. Some also come in to steal toilet roll or tea towels; but they are balanced by those who come in to leave an anonymous donation of cash or a bottle of wine. - We got permission temporarily to move the back four pews to create a bigger social space without compromising the worship space, and this has worked so well that we are applying to make it permanent. We have a cycle of good **community events** building up a fringe of people in the immediate neighbourhood. These events are ends in themselves but also highly missional in the longer term: - Mindful Music, a monthly community event to listen to some carefully chosen recorded music and share a glass of wine, is now into its third year. - Seven concerts and other performances as part of the Wandsworth Arts Fringe in June were very well received. A local actor took on the role of festival co-ordinator which he is reprising this year, and we already have an improved offering for the coming Summer. - A few other one-off concerts and performances. - The establishment of the Friends of Holy Trinity, an association for people who love the building and value the presence of the church in Roehampton without necessarily (yet) being Christians – so far it has raised about a thousand pounds towards a new piano. - A Coronation street party. We have had a lot of engagement with the **school** , with which we share a site: - Weekly assemblies, _ad hoc_ visits, input into classes _etc_ - Children’s art exhibition - Lots of work to do on the governing body which is frankly quite a drain, but a necessary and perhaps growthful use of the Vicar’s time. Falling rolls mean it’s hard to make ends meet. We are turning the school into a Forest School which we hope will, _inter alia_ , boost pupil numbers. - Welcoming other local schools for visits and performances Quite a few good **back office** things have been squared away: - We got grant funding to put in a new sound system which is working very well and as well as being a joy to work with on Sunday also makes other events much easier and better. - We have a new website: www.holytrinityroehampton.org. - We continue to chuck things away – well into the second ton of rubbish carried down to the school bins – each week something is a little more orderly in the church building. - Quite a lot of work on encouraging a giving culture: planned giving is steadily increasing, whilst Sunday giving remains undiminished. There’s a long way to go before we are paying our way, but the trend is in the right direction. This chart shows quarterly planned giving: Page 8 **HOLY TRINITY CHURCH ROEHAMPTON PCC MEMBERS' REPORT** ## **FOR THE YEAR ENDED 31 DECEMBER 2023** - We have reduced the frequency of PCC meetings to quarterly with a view to attracting more and more able people to join, and making them more strategic. - Finally, _sui generis,_ we now have **Bells** : - We were approached by local ringers who felt that the tower need a ring of bells. A committee formed itself, providential co-incidences ensued ( _e.g._ the chairman of the largest bell foundry in England turned out to be an old boy of the church school); the money came in and the bells were blessed by the Bishop on Trinity Sunday, before being installed. - Since All Saints they have been rung every Sunday and on special occasions. - Most ringers are visitors, but several locals (from congregation and wider community) are have learnt and now ring on Sundays. Some are now setting up an after school club to teach Years 5 and 6 to ring. - The neighbours love the bells, which have helped put us on the map. Bells calling people to worship: just what you’d expect from the Parish Church! ## **Conclusion** God loves Roehampton – and he is working his purposes out here in part through the parish church. Alleluia! ## **Financial review** A summary of our accounts for 2023 is as follows: Total income in 2023 £158,675 (2022: £92,234) Total expenditure in 2023 £155,200 (2022: £50,655) Within these totals, Restricted Funds account for £70,374 of income and £92,244 of expenditure. Page 9 **HOLY TRINITY CHURCH ROEHAMPTON PCC MEMBERS' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023** ## **Going concern** After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. ## **Principal risks and uncertainties** The core risks to the church remain: - Falling congregation which leads to lower levels of unrestricted income and critical lack of ‘manpower’ for outreach and to sustain the church – however in recent years the congregation has shown slow growth, whilst the average gift per member has also increased - Essential but costly building repairs - Losing our volunteer expertise ## **c. Reserves policy** The PCC aims to have three months running costs in reserves at any given time – at present reserves exceed this by a wide margin, but we anticipate drawing on reserves extensively in the following two years as we develop our children’s choir. ## **Structure, governance and management** ## **Constitution** Holy Trinity Church is situated in Ponsonby Road, Roehampton. It is part of the Diocese of Southwark within the Church of England. The correspondence address is Holy Trinity Church, Ponsonby Road, Roehampton SW15 4LA. The PCC is a body corporate (PCC Powers Measure 1956, Church Representation Rules 2006) and a charity who registered with the Charity Commission in January 2018 with the charity number 1176544. ## **Method of appointment or election of PCC members** The method of appointment of PCC members is set out in the Church Representation Rules. ## **Organisation structure and decision making** At Holy Trinity the membership of the PCC normally consists of the incumbent, churchwardens, the reader, deanery synod reps and members elected by those members of the congregation who are on the Electoral Roll of the church. All those who attend our services / members of the congregation are encouraged to register on the Electoral Roll and stand for election to the PCC. PCC members are responsible for making decisions on matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. The full PCC met nine times during the year. Given its wide responsibilities, the PCC has a separate sub-committee for finance – this is responsible to the PCC and reports back to it regularly with updates from the meetings being received by the full PCC and salient points and decisions discussed as necessary. There is also a Growth committee which makes recommendations about the spending of the Growth Fund. This report was approved by the APCM on 12[th] May 2024 and signed on their behalf by: **………………………………………… ………………………………………… The Revd Joshua Rey, Vicar Ms Lynne Capocciama, Churchwarden** Page 10 **HOLY TRINITY CHURCH ROEHAMPTON INDEPENDENT EXAMINER'S REPORT TO THE PCC MEMBERS OF HOLY TRINITY CHURCH ROEHAMPTON (THE 'CHARITY')** I report to the charity PCC members on my examination of the accounts of the charity for the year ended 31 December 2023. This report is made solely to the charity's PCC members, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's PCC members those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's PCC members as a body, for my work or for this report. ## **Responsibilities and basis of report** As the PCC members of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I can confirm that no 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 charity as required by section 130 of the 2011 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 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: Richard Holman FCA Chartered Accountant Dated: 11[th] May 2024 Page 11 **HOLY TRINITY CHURCH ROEHAMPTON STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023** |||Unres-|Desig-|Res-||Unres|Res-|| |---|---|---|---|---|---|---|---|---| |||tricted|nated|tricted|Total|& Des|tricted|Total| |||funds|funds|funds|funds|
funds|funds|funds| |||2023|2023|2023|2023|2022|2022|2022| ||Note|£|£|£|£|£|£|£| |**Income from:**||||||||| |Donations and legacies|2|49,743|31,000|70,858|151,602|62,886|26,446|89,332| |Charitable activities|3|5,523|-|
590|6,113|2,775|-|
2,775| |Investments|4|961|-|
-|
961|127|-|
127| ||||||||--------|--------| |||---------|---------|---------|---------|---------|-|-| |**Total income**||**56,227**|**31,000**|**71,448**|158,675|65,788|26,446|92,234| ||||||||--------|--------| |||---------|---------|---------|---------|---------|-|-| |**Expenditure on:**||||||||| |Charitable activities|10|54,261|8,694|92,244|155,200|42,026|8,629|50,655| ||||||||--------|--------| |||---------|---------|---------|---------|---------|-|-| |**Total expenditure**|5|**54,261**|**8,694**|**92,244**|155,200|42,026|8,629|50,655| ||||||||--------|--------| |||---------|---------|---------|---------|---------|-|-| |**Net income / (expenditure) before**||||||||| |**other**||||||||| |**recognised gains and losses**||**1,966**|**22,306**|**(20,796)**|3,475|23,762|17,817|41,579| |**(Loss) / Gain on investments**||**133**|**-**|
**-**|
133|(36)|-|
(36)| ||||||||--------|--------| |||---------|---------|---------|---------|---------|-|-| |**Net movement in funds**||**2,099**|**22,306**|**(20,796)**|3,609|23,726|17,817|41,543| |**Transfer between funds**||**5,850**|**(6,250)**|**400**|0|(1,570)|1,570|-| |**Reconciliation of funds:**||||||||| |Total funds brought forward||**14,679**|**34,489**|**46,449**|95,617|27,012|27,062|54,074| ||||||||--------|--------| |||---------|---------|---------|---------|---------|-|-| |Total funds carried forward||**22,628**|**50,545**|**26,053**|99,226|49,168|46,449|95,617| ||||||||--------|--------| |||---------|---------|---------|---------|---------|-|-| The notes on pages 14 to 24 form part of these financial statements. Page 12 ## **HOLY TRINITY CHURCH ROEHAMPTON BALANCE SHEET AS AT 31 DECEMBER 2023** |||2023|2023|2022|2022| |---|---|---|---|---|---| ||Note|£|£|£|£| |**Fixed Assets**|||||| |Tangible Assets|13|**5,386**||6,464|| |Investments||**1,142**|**6,528**|1,009|7,473| |||**---------**||---------|| |**Current assets**|||||| |Debtors|14|**35,299**||7,202|| |Inventory||**-**||72|| |Cash at bank and in hand||**60,858**||86,571|| |||**---------**||---------|| |||**96,158**||93,845|| |**Creditors: amounts falling due within one**|||||| |**year**|15|**(3,460)**||(5,701)|| |||**---------**||---------|| |**Net current assets**|||**92,697**||88,144| |**Net assets**|||**99,226**||95,617| |**Charity Funds**|||||| |Restricted funds|16||**26,053**||46,449| |Unrestricted funds|16||**73,173**||49,168| |**Total funds**|||**99,226**||95,617| The notes on pages 14 to 24 form part of these financial statements. The financial statements were approved by the APCM on 12[th] May 2024 and signed on their behalf, by: **………………………………………… ………………………………………… The Revd Joshua Rey, Vicar Ms Lynne Capocciama, Churchwarden** Page 13 **HOLY TRINITY CHURCH ROEHAMPTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** ## **1. Accounting policies** ## **1.1 Basis of preparation of financial statements** The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011. Holy Trinity Church Roehampton constitutes a public benefit entity as defined by FRS 102. **1.2 Income** All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material. Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service. Page 14 **HOLY TRINITY CHURCH ROEHAMPTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** ## **1. Accounting policies (continued)** ## **1.3 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Support costs are those costs incurred directly in support of expenditure on the objects of the charity. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. Charitable activities and Governance costs are costs incurred on the charity's educational operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. All expenditure is inclusive of irrecoverable VAT. ## **1.4 Capital expenditure** Expenditure on church and office plant and equipment in excess of £500, net of recoverable VAT, is capitalized and written off over the expected useful life of the asset by the straight line method. Depreciation rates applied in 2023 were: Church plant (boiler) 10% p.a. Office equipment 25% p.a. **1.5 Interest receivable** Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank. ## **1.6 Quoted Investments** Quoted investments are shown at market value as at 31[st] December 2023. ## **1.7 Debtors** Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid. ## **1.8 Cash at Bank and in hand** Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Page 15 **HOLY TRINITY CHURCH ROEHAMPTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** ## **1. Accounting policies (continued)** **1.9 Liabilities and provisions** Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. ## **1.10 Financial instruments** The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## **1.11 Pensions** The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year. ## **1.12 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the PCC members in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the PCC members for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. 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 costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. ## **2. Income from donations and legacies** ||Unrestricted|Designated|Restricted|Total|Total| |---|---|---|---|---|---| ||funds|funds|funds|funds|funds| ||**2023**|**2023**|**2023**|**2023**|2022| ||**£**|**£**|**£**|**£**|£| |Donations, congregational giving &|||||| |special collections|**47,388**|**31,000**|**35,289**|**113,677**|81,106| |Grants|**2,355**|**-**|**35,570**|**37,925**|3,800| |Legacies|**-**|
**-**|**-**|**-**|3,000| ||**---------**|**---------**|**---------**|**---------**|---------| |Total donations and legacies|**49,743**|**31,000**|**70,858**|**151,602**|87,906| ||**---------**|**---------**|**---------**|**---------**|---------| |Total 2022|32,537|30,000|25,369|87,906|| Page 16 **HOLY TRINITY CHURCH ROEHAMPTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** ## **3. Income from charitable activities** ||Unrestricted|
Designated|
Designated|Restricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---| ||funds|
funds|||funds|funds|funds| ||**2023**||**2023**||**2023**|**2023**|2022| ||**£**||**£**||**£**|**£**|£| |Wedding and Funeral fees|**966**||**-**||**-**|**966**|1,391| |Festivals and Events|**4,267**||**-**||**590**|**4,857**|| |Letting income|**100**||**-**||**-**|**100**|230| |Votive candles|**68**||**-**||**-**|**68**|-| |Christmas Card and other Sales|**123**||**-**||**-**|**123**|-| ||**---------**|
**---------**||**---------**||**---------**|---------| ||**5,523**||**-**||**590**|**6,113**|1,621| |Total 2022|1,621||-||1,621||| |**4**.**Investment income**|||||||| ||Unrestricted|
Designated||Restricted||Total|Total| ||funds|
funds|||funds|funds|funds| ||**2023**||**2023**||**2023**|**2023**|2022| ||**£**||**£**||**£**|**£**|£| |Dividends and bank interest|||||||| |receivable|**961**||**-**||**-**|**961**|127| |Total 2022|127||-||-|127|| |**5. Analysis of Expenditure by type**|||||||| ||Staff|Other|||||| |5. Analysis of Expenditure by type|costs|costs||Total|Total||| ||2023|2023||2023|2022||| ||£|£||£|£||| |Diocesan Parish Support Fund|-|11,000|
11,000||10,000||| |Church running costs|-|120,796|
120,796||27,274||| |Ministry costs|3,805|8,815|
12,620||6,354||| |Support costs|6,750|3,437|
10,187||6,071||| |Grants|-|597||597|956||| ||---------|---------|
---------||---------||| |Charitable activities|10,555|144,644|
155,200||50,655||| |Expenditure on governance|-|-|||-||| ||---------|---------|
---------||---------||| ||10,555|144,644|
155,200||50,655||| |Total 2022|-|50,655|
155,200||||| Page 17 **HOLY TRINITY CHURCH ROEHAMPTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** ## **6. Church running costs** ||Staff|Other||| |---|---|---|---|---| ||costs|costs|Total|Total| ||2023|2023|2023|2022| ||£|£|£|£| |Insurance|-|8,996|8,996|8,179| |Gas|-|6,683|6,683|5,687| |Electricity|-|3,244|3,244|2,034| |Water|-|191|191|128| |Major building works|-|90,142|90,142|6,798| |Maintenance|-|7,383|7,383|699| |Fire extinguishers|-|215|215|-| |Cleaning materials|-|92|92|19| |IT equipment|-|142|142|-| |AV equipment|-|-|-|44| |Furniture|-|215|215|-| |Artworks and Decorations|-|625|625|-| |Depreciation|-|1,078|1,078|1,797| |Other building expenses|-|49|49|-| |Photocopier|-|1,014|1,014|574| |Telephone / wi-fi|-|569|569|820| |Cost of sales|-|72|72|12| |Other expenses|-|87|87|-| |Unidentified expense|-|-|-|484| ||---------|---------|---------|---------| ||-|120,796|120,796|27,274| ## **7. Support costs** ||Staff|Other||| |---|---|---|---|---| ||costs|costs|Total|Total| ||2023|2023|2023|2022| ||£|£|£|£| |Rent on curate's house|6,250|-|6,250|3,125| |Website|-|170|170|391| |Stationery|-|423|423|211| |Postage|-|155|155|76| |Subscriptions and licences|-|483|483|202| |Financial fees|-|203|203|125| |Fundraising expenses|-|74|74|-| |Other office expenses|-|200|200|-| |Organ / piano tuning|-|1,061|1,061|542| |Clergy expenses|500|-|500|317| |Publicity|-|669|669|1,081| ||---------|---------|---------|---------| ||6,750|3,437|10,187|6,071| Page 18 **HOLY TRINITY CHURCH ROEHAMPTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** ## **8. Ministry costs** ||Staff|Other||| |---|---|---|---|---| ||costs|costs|Total|Total| ||2023|2023|2023|2022| ||£|£|£|£| |Deputy organists' fees|3,133|-|3,133|3,146| |Other musicians' fees|-|100|100|-| |Sheet music|-|128|128|-| |Other music expenses|-|-|-|323| |Candles / oil|-|932|932|-| |Wine and wafers|-|170|170|-| |Liturgical books|-|749|749|-| |Other altar expenses|-|106|106|1,759| |Parish events|-|19|19|-| |Refreshments: other|-|1,451|1,451|332| |Refreshments: wine|-|922|922|408| |Payments to artists|673|-|673|-| |Exhibitions|-|753|753|-| |Hospitality|-|84|84|-| |Presents|-|876|876|386| |Youth work expenses|-|432|432|-| |Pioneering supplies / equipment|-|1,792|1,792|-| |Pioneering expenses|-|144|144|-| |Other outreach expenses|-|157|157|-| ||---------|---------|---------|---------| ||3,805|8,815|12,620|6,354| Page 19 **HOLY TRINITY CHURCH ROEHAMPTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** ## **9. Remuneration and Benefits** During the year, no PCC members received any remuneration (2022 - £NIL). ## **10. Staff costs** During the year the PCC had no paid staff. ## **11. Fixed assets** |Cost
At 1stJanuary 2023
Additions during the year
At 31st December 2023
Depreciation
At 1stJanuary 2023
Charge for the year
At 31st December 2023
Net book value
At 31st December 2023
At 31st December 2022|Unrestricted
£
Restricted
£
Total
£
**2,876**
**10,776**
**13,652**
**-**
**-**
**-**
**2,876**
**10,776**
**13,652**
Unrestricted
£
Restricted
£
Total
£
**2,876**
**4,312**
**7,188**
**-**
**1,078**
**1,797**
**2,876**
**5,390**
**8,266**
**-**
**5,386**
**5,386**
**-**
**6,464**
**6,464**|2022
£
13,652
-| |---|---|---| |||13,652| |||Total
£
5,391
1,078| |||7,188| |||6,464| |||8,261| ## **12. Debtors** |Prepayments and accrued income
Tax recoverable|2023
£
2022
£
1,141
1,487
34,158
5,715| |---|---| ||35,299
7,202| ## **13. Creditors: Amounts falling due within one year** |Other creditors
Accruals|2023
£
2022
£
**1,118**
1,572
**2,342**
4,129| |---|---| ||**3,460**
5,701| Page 20 **HOLY TRINITY CHURCH ROEHAMPTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** ## **14. Statement of funds** ||Balance|||Transfers||Balance| |---|---|---|---|---|---|---| ||at 1 Jan|||between|Unrealised|at 31 Dec| ||2023|Income|Expense|funds|Losses|2023| ||£|£|£|£|£|£| |**Designated funds**||||||| |Growth Fund|26,185|30,000|2,580|(6,250)|-|47,355| |Fabric Fund|8,304|1,000|6,114|-|
-|3,190| ||---------|---------|---------|---------|---------|---------| |Total Designated funds|34,489|31,000|8,694|(6,250)|-|50,545| ||---------|---------|---------|---------|---------|---------| |**General funds**||||||| |General Fund|11,269|56,360|54,261|5,850|-|19,218| |Other General funds|3,410|-|-|||3,410| ||---------|---------|---------|---------|---------|---------| |Total General funds|14,679|56,360|54,261|5,850|-|22,628| ||---------|---------|---------|---------|---------|---------| |**Total Unrestricted funds**|49,168|87,360|62,955|(400)|-|73,173| |**Restricted funds**||||||| |Bell Fund|20,702|46,513|67,615|400|-|-| |Spire Lights Fund|-|-|-|
-|
-|-| |Vicar’s Discretionary Fund|1,527|-|267|-|
-|1,260| |Boiler Fund (formerly Development||||||| |Fund)|11,185|-|1,078|-|
-|10,107| |Sunday School Fund|336|-|-|
-|
-|336| |Staff Fund|
10,169|-|-|
-|
-|10,169| |McKinney Memorial Fund|
1,446|-|-|
-|
-|1,446| |Lighting replacement|
-|-|-|
-|
-|-| |Projector grant|84|-|-|
-|
-|84| |Gary Bigglestone Farewell Gift Fund|-|440|440|-|
-|-| |Charity Funds|-|-|-|
-|
-|-| |Friends of Holy Trinity|-|-|-|
-|
-|-| |Youth Missioner Fund|1,000|-|-|
-|
-|1,000| |Sound System Fund|-|21,041|21,041|-|
-|-| |Warm Space Grant|-|3,454|1,804|-|
-|1,650| ||---------|---------|---------|---------|---------|---------| ||46,449|71,448|92,244|400|-|26,053| ||---------|---------|---------|---------|---------|---------| |Total of Funds|95,617|158,808|155,200|-|
-|99,225| ||---------|---------|---------|---------|---------|---------| Page 21 **HOLY TRINITY CHURCH ROEHAMPTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** ## Designated funds: The Fabric fund represents the funds held for the fabric of the church. These funds are designated for major repairs and development as and when required. ## Restricted funds: Funds for boiler maintenance and eventual replacement (Boiler fund) and administration costs (Administration Support fund) have been provided by the Roehampton Parish Trust. The Sunday School funds are carried forward to utilise as and when required. The McKinney Memorial fund will be used to improve the church grounds. The Bell Fund was established for the installation of a ring of eight bells in the church tower which was accomplished in 2023. A donation of £1,075 to cover the shortfall between fundraising and installation will be sought from the Parish Trust, and this has been accounted for as Income of the Bell Fund (recorded as a Debtor at year end), reducing the balance to zero. |**Statement of funds – prior year**
**Designated funds**
Growth fund
Fabric fund
**General funds**
General Fund
Other General funds
Total Unrestricted funds
**Restricted funds**
Boiler fund (formerly Development fund)
Sunday School fund
Administration Support fund
McKinney Memorial fund
Audiovisual and IT grant
Vicar’s Discretionary Fund
Bell Fund
Youth Missioner
Spire lighting
**Total of Funds**|Balance at
Balance at
1 January
Transfers
between
Unrealised
Gains /
31
December
2022
£
Income
£
Expenditure
£
Funds
£
(Losses)
£
2022
£
-
30,000
(3,815)
-
-
26,185
9,925
-
(51)
(1,570)
-
8,304| |---|---| ||9,925
30,000
(3,866)
(1,570)
-
34,489| ||13,677
35,788
(38,160)
-
(36)
11,269
3,410
-
-
-
-
3,410| ||17,087
35,788
(38,160)
-
(36)
14,679| ||27,012
65,788
(42,026)
(1,570)
(36)
49,168| ||
12,263
-
(1,078)
-
-
11,185
518
- (182)
-
-
336

10,169
-
-
-
-
10,169

1,446
-
-
-
-
1,446
124
-
(40)
-
-
84
727
1,400
(600)
-
-
1,527
-
20,702
-
-
-
20,702
-
1,000
-
-
-
1,000
1,815
3,077
(6,462)
1,570
-
-| ||27,062
26,179
(8,362)
1,570
-
46,449| ||54,074
91,967
(50,388)
-
(36)
95,617| Page 22 **HOLY TRINITY CHURCH ROEHAMPTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** ## **15.Analysis of net assets between funds** |Analysis of net assets between funds - current year
Fixed assets
Investments
Current assets
Creditors due within one year
Analysis of net assets between funds - prior year
Fixed assets
Investments
Current assets
Creditors due within one year|Unrestricted
funds
Restricted
funds
Total funds
2023
£
2023
£
2023
£
-
5,386
5,386
1,142
-
1,142
75,490
19,592
95,083
(3,460)
-
(3,460)| |---|---| ||73,173
24,978
98,151| ||Unrestricted
funds
Restricted
funds
Total funds
2022
£
2022
£
2022
£
-
6,464
6,464
1,009
-
1,009
53,860
39,985
93,845
(5,701)
(-)
(5,701)| ||49,168
46,449
95,617| Page 23 **HOLY TRINITY CHURCH ROEHAMPTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** ## **16. Pension commitments** The church did not employ any staff during 2023 and therefore incurred no pension costs. The church had no pension scheme liabilities at the end of 2023. ## **17. Related party transactions** Key management personnel, as defined by FRS 102, consist of the board of trustees. No consideration was paid to key management personnel in the year (2022 - the same). Associated charities include: Roehampton Parish Trust (charity no. 1165257). The Trust was originally formed on 25 July 1911 to own and manage the Parish Hall and, following the sale of the Hall in 2015, the trusts were amended by a Scheme of the Charity Commission dated 9 November 2015. It now has wide charitable objects for the benefit of the residents of the Ecclesiastical Parish of Roehampton and the neighbouring ecclesiastical parishes. The trustees are the Vicar, Churchwardens, and up to nine coopted trustees who must be resident in the Parish. During the year, the church received £21,041 (2022 - £Nil) from this connected charity. Page 24