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Trinity Central London
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## Report and Accounts
year ended 31 August 2021
8-12 1 Lamb's Passage LONDON EC1Y 8AB13 t: 0208 502 5600 e: enquiries@stewardship.org.uk
**(Working name 'Trinity Church London') CHARITY REPORT AND ACCOUNTS CONTENTS**
## **TRINITY CENTRAL LONDON**
## **FOR THE YEAR ENDED 31 AUGUST 2021**
## **CONTENTS**
||**Page**|
|---|---|
|Charity Information|1|
|Trustees' Annual Report|2-5|
|Independent Examiner's Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to the Accounts|9-15|
|Detailed Statement of Financial Activities with Comparatives|16|
## **TRINITY CENTRAL LONDON CHARITY INFORMATION**
**(Working name 'Trinity Church London')**
## **FOR THE YEAR ENDED 31 AUGUST 2021**
## **Trustees**
Daniel Macleod Richard Palmer - resigned 15/02/2022 Chris Bull Jessica Reece - appointed 20/01/2022 **Senior Leader** Daniel Macleod **Governing Document** Constitution dated 10 June 2018 **Charity Registration Number** 1179276 **Principal Address** 237 Lillie Road FULHAM London SW6 7LN **Independent Examiner** Stephen Mathews Stewardship 1 Lamb's Passage London EC1Y 8AB **Bankers** CafBank Ltd 25 Kings Hill Avenue WEST MALLING Kent ME19 4TA
Page 1
## **TRINITY CENTRAL LONDON**
## **TRUSTEES' ANNUAL REPORT**
## **FOR THE YEAR ENDED 31 AUGUST 2021**
The Trustees have pleasure in submitting their report and accounts for the year ended 31 August 2021.
## **Objects of the charity**
The charity is a charitable incorporated organisation and is governed by its Constitution. The objects of the charity, as set out in the governing document are:
● To advance the christian faith in accordance with the statement of beliefs appearing in the schedule hereto in London and in such other parts of the united kingdom or the world as the directors of the charity may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the law of england and wales and are connected with the charitable work of the charity;
● to relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including through the provision of counselling and support in such parts of the united kingdom or the world as the directors from time to time may think fit;
● to advance education in accordance with christian principles by such means as the directors may consider appropriate including by means of establishing and operating any educational establishment or establishments in the said location and in such other parts of the united kingdom or the world as the directors may from time to time think fit.
## **Summary of the charity's main activities and achievements**
This has been our third full year in operation as a church plant after launching in September 2018. Our vision is to see the glory of God known in London and across the nations. We remain passionate about making disciples who pursue the presence of God, creating a community where anyone can explore questions of faith and who work together for the good of London and the nations.
In this third year, we have started establishing core patterns of ministry which means we are well placed to effectively operate and fulfil our objectives moving forwards.
In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.
## **COVID-19 response**
We remain significantly impacted by the COVID-19 pandemic which prohibited our Sunday gatherings and community groups from meeting regularly in person from March 2020. In March 2021, we returned to in person Sunday meetings which strictly followed the guidance set out by the UK government. Our community groups continued to hold their weekly meetings mostly via Zoom calls in the year. The church leaders and Trustees continue to monitor the government guidance regularly and communicate this guidance with our community.
Page 2
## **TRINITY CENTRAL LONDON**
## **TRUSTEES' ANNUAL REPORT**
## **FOR THE YEAR ENDED 31 AUGUST 2021**
## **Sunday Services**
Our Sunday services are an important part of our community where we gather to worship, receive teaching from the bible, pray and respond. We have gathered together in the Coin Street Neighbourhood Centre based in Waterloo since 5 January 2020. The venue is well suited for our community as it is easily accessible for people across Greater London, it provides improved facilities for our children’s work and plenty of space for our Sunday gatherings.
We have grown slowly and steadily over the last year with average weekly attendance across the whole church at 80 (2020: 60). Many of those who have joined us during the year live in zones 1 and 2 and are young professionals or students. We expected this as we grew and we remain committed to welcoming a broad range of age groups.
## **Community Groups**
At 31 August 2021, we have 5 community groups (2020:5) that have been running through the year. There have been some changes as people have moved on, moved within London and with new people joining the church. The groups meet midweek and focus on building community and making disciples. A typical gathering will involve worship, bible study and prayer.
## **Outreach**
We continued to hold Work Matters events this last year but on Zoom due to the pandemic. This was a collaborative effort with Trinity and other church leaders in order to equip Christians in the work place to think theologically about their vocation. We continue to see this as an important part of our ministry as we support people in the work place.
Due to the pandemic, other outreach events have been limited. We ran one Alpha course online which was attended by 12 people. This was an opportunity for people to explore the Christian faith and ask any questions they may have.
## **Baptisms**
We held one baptism service during the year. During this service, one other person made a commitment to be baptized as well.
## **Giving**
Trustees remain encouraged by the financial giving of the church community in a very challenging year with the COVID-19 pandemic. The church has remained steady with it’s giving. Special offerings were held for the church in November 2020 and May 2021 and in excess of c.£25,000 was received in total. These offerings exceeded expectations and it was very encouraging to see the commitment of the church community in action. Further detail of our giving can be found in our financial review.
Page 3
## **TRINITY CENTRAL LONDON**
## **TRUSTEES' ANNUAL REPORT**
## **FOR THE YEAR ENDED 31 AUGUST 2021**
## **Communications**
The church continues to refine branding that helps people navigate their way through our teaching and church life online, and facilitates clear communication of the Gospel.
## **Regions Beyond**
Trinity church continues to play a part in Regions Beyond, a network of churches across the world. The Leadership of Trinity church maintains strong links with the International leadership team of Regions Beyond.
## **Structure, Governance and Management**
Responsibility for setting policy rests with the trustees who meet regularly to monitor the activities of the charity. Responsibility for the day to day operation of the charity has been delegated to a Leadership team led by Daniel Macleod. New trustees are recruited and appointed with the support of the Leadership team by the existing trustees, by a majority vote.
## **Financial review**
Incoming resources were £209,746 (2020 £243,648) of which £23,403 were for specific restricted purposes as shown in Note 12. Resources expended were £207,729 (2020 £223,330).
At year end total funds were £95,148, of which £12,895 were Restricted funds. The categories used to present the church's expenditure in Note 6 of the financial statements summarises the activities undertaken by the church.
## **Funds in deficit**
There are no funds in deficit as at 31 August 2021.
## **Reserves policy**
The charity's position at year end was to hold £49,700 (2020 £51,779) in general funds, so achieving at least 3 months cover of fixed costs, including salary costs and meeting room space. The Reserves policy is to retain a minimum of 2 months of expenditure, so £30,000.
## **Going concern**
We have continued to closely monitor the impact of the COVID 19 changes on both our income and expenditure. Total income and expenditure both decreased since prior year and this resulted in net income of £2,017 for the year. We have no funds in deficit and our cash in bank exceeds creditors due. Our general funds remain in excess of £45,000 which protect our reserves. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
## **Responsibilities of trustees under charity law**
The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Page 4
## **TRINITY CENTRAL LONDON**
## **TRUSTEES' ANNUAL REPORT**
## **FOR THE YEAR ENDED 31 AUGUST 2021**
Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:
1. select suitable accounting policies and apply them consistently;
2. observe the methods and principles in the Charities SORP;
3. make judgements and estimates that are reasonable and prudent;
4. state whether the applicable accounting standards have been followed, subject to any material
xxx departures disclosed and explained in the financial statements; and
5. prepare the financial statements on a going concern basis unless it is inappropriate to presume
xxx that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Approval**
This report was approved by the trustees and signed on their behalf by:
**Chris Bull Trustee**
Date: 17 May 2022
Page 5
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF**
## **TRINITY CENTRAL LONDON ('the Charity')**
I report to the charity trusteees on my examination af the accounts of the charity for the year ended 31 August 2021 on pages 7-16 following, which have been prepared on the basis of the accounting policies set out on pages 9-10.
## **Responsibilities and basis of report**
As the charity’s trustees of the Charitable Incorporated Organisation 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 Charity’s accounts carried out under section 145 of the 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 Act.
## **Independent examiner’s 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 Charity 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 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.
Stephen Mathews
27 May 2022
Stewardship 1 Lamb's Passage London EC1Y 8AB
Page 6
## **TRINITY CENTRAL LONDON**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 AUGUST 2021**
|Note
**INCOME AND ENDOWMENTS FROM:**
Donations
3
Charitable activities
4
Other income
5
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities
6
**Total expenditure**
**Net (expenditure)/income**
**Transfers between funds**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|Unrestricted
Funds
£
185,758
-
585
186,343
193,127
193,127
(6,783)
-
(6,783)
89,036
82,253|Restricted
Funds
£
23,403
-
-
23,403
14,602
14,602
8,800
-
8,800
4,095
12,895|Total Funds
2021
£
209,161
-
585
209,746
207,729
207,729
2,017
-
2,017
93,131
95,148|Total Funds
2020
£
243,349
289
10|
|---|---|---|---|---|
|||||243,648|
|||||223,330|
|||||223,330|
||||||
|||||20,318
-|
|||||20,318
72,813|
|||||93,131|
All income and expenditure derive from continuing operations.
The notes on page 9-15 form part of these accounts.
Page 7
## **TRINITY CENTRAL LONDON**
## **BALANCE SHEET**
## **as at 31 August 2021**
|Note
**CURRENT ASSETS**
Debtors
8
Cash at bank and in hand
9
**CREDITORS: Amounts falling**
**due within one year**
10
**Net current assets**
**Total assets less current liabilities**
**TOTAL NET ASSETS**
**FUND BALANCES**
Unrestricted Funds
12
General funds
Designated funds
Restricted Funds|Unrestricted
Funds
£
2,040
87,784
89,824
(7,571)
82,253
82,253
82,253
49,700
32,553
82,253
-
82,253|Restricted
Funds
£
-
12,895
12,895
-
12,895
12,895
12,895
-
-
-
12,895
12,895|Total funds
2021
£
2,040
100,679
102,719
(7,571)
95,148
95,148
95,148
49,700
32,553
82,253
12,895
95,148|Total Funds
2020
£
2,456
97,700|
|---|---|---|---|---|
|||||100,156
(7,025)|
|||||93,131|
||||||
|||||93,131|
|||||93,131|
|||||51,779
37,257|
|||||89,036
4,095|
|||||93,131|
The financial statements were approved by the Trustees on 17 May 2022 and were signed on their behalf by:
## **Chris Bull**
## **Trustee**
Charity number: 1179276 The notes on page 9-15 form part of these accounts.
Page 8
## **TRINITY CENTRAL LONDON**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2021**
## **1 Statutory Information**
The charity is a charitable incorporated organisation registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.
## **2 Accounting Policies**
These financial statements are prepared on a going concern basis, under the historical cost convention.
These 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) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.
The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.
The principles adopted in the preparation of the financial statements are set out below.
## a) Going concern
The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and/or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. The trustees continue to monitor closely the impact of the COVID 19 changes on both our income and expenditure. As at 31 August 2021, we have no funds in deficit and General funds in excess of £45,000 which protect our Reserves.
## b) Income
Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
Income from donations includes:
i) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.
Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects.
The charity has taken the view that it has only one charitable activity, namely the advancement of the Christian faith, and all income from donations, legacies and charitable activities is in respect of this one activity.
## c) Expenditure
Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.
The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.
Page 9
## **TRINITY CENTRAL LONDON**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2021**
Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.
## d) Fund accounting
- General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
## e) Intangible fixed assets
There are not considered to be any intangible fixed assets at this time.
## f) Tangible fixed assets
- Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £2,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:
Equipment Over 3 to 7 years
The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.
## g) Investments
The charity has no Investments at this time.
## h) Operating lease
Leases which do not transfer substantially all the risks and rewards of ownership to the charity are classified as operating leases. Operating lease payments are recognised as an expense on a straight-line basis over the lease term.
## i) Pension scheme arrangements
The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.
## j) Taxation
The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.
## k) Financial instruments
The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).
## l) Exemption from preparing a cashflow statement
The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.
## m) Critical accounting estimates and areas of judgement
The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.
Page 10
## **TRINITY CENTRAL LONDON**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2021**
|**3**
**Donations**
Donations of cash and similar
Other grants receivable
Income tax recoverable
**4**
**Income from charitable activities**
Church retreats and events
**5**
**Other income**
**6**
**Charitable expenditure**
**a**
**Costs incurred directly on specific activities**
Church Leadership and serving other churches
Communications, Office, Finance and staff welfare
Production, Preaching and Worship
Sunday Venue Hire
Alpha, Welcome and other Outreach
Pastoral and Community Groups
**Church activities**
Grants payable (note 6b)
**b**
**Grants payable**
Grants for UK and overseas mission
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
**Breakdown by Institution**
Regions Beyond
Beulah Family church
Coin Street Neighbourhood Centre
Hope for Tomorrow Global
London Ace Hub
Grants to institutions for less than £1,000 each|**Institutions**
£
12,000
12,000
**Institutions**
£
37,189
37,189|**2021**
£
171,415
12,500
25,245
209,160
**2021**
£
-
-
**2021**
£
585
585
**2021**
£
36,681
29,664
41,074
20,084
19,253
38,973
185,729
22,000
207,729
**Individuals**
£
10,000
10,000
**Individuals**
£
5,047
5,047
**2021**
£
6,000
-
2,000
2,000
2,000
-
12,000|**2020**
£
177,724
28,443
37,182|
|---|---|---|---|
||||243,349|
||||**2020**
£
289|
||||289|
||||**2020**
£
10|
||||10|
||||**2020**
£
65,051
24,727
29,415
22,119
14,197
25,585|
||||181,094
42,236|
||||223,330|
||||**2021**
£
22,000|
||||22,000|
||||**2020**
£
42,236|
||||42,236|
||||**2020**
£
23,356
10,833
-
-
-
3,000|
||||37,189|
Page 11
## **TRINITY CENTRAL LONDON**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2021**
## **7 Staff Costs and Trustee Remuneration**
The average number of full time equivalent employees was 2.2 (2020:2.7). There was one employee who worked on a part time basis.
|**Staff costs**
Salaries
Employer National Insurance Costs
Employer Pension Contributions
Staff rent|**2021**
£
67,483
6,861
4,237
60,192
138,772|**2020**
£
72,750
7,183
6,518
43,222|
|---|---|---|
|||129,673|
One staff member received total remuneration within the band £70,000 to £80,000 (2020: one).
The charity's key management comprise the trustees and the senior leader named on the Charity Information page. Total employment benefits payable to key management for the year were as follows:
|**Trustee remuneration**|Wages &|Pension|2021|
|---|---|---|---|
||salaries|contributions|£|
|Daniel Macleod - salary|35,500|3,550||
|House rent allowance|36,000|||
|**Totals**|71,500|3,550|75,050|
|The following amounts were payable in the previous year:||||
||Wages &|Pension|2020|
||salaries|contributions|£|
|Daniel Macleod - salaryHouse rent allowance|33,500|3,550||
|House Rent Allowance|36,000|||
||69,500|3550|73,050|
During the year key management received employment benefits totalling £75,050 (2020: £73,050).
Daniel Macleod served as church leader and received the above payments for serving in that capacity, not for serving as trustee; these payments are permitted by the charity's governing document.
## **8 Debtors**
|**Falling due within one year:**
Tax recoverable
Other debtors
**9**
**Cash at Bank and in Hand**
Cash at bank with immediate access
**10**
**Creditors: liabilities falling due within one year**
Trade creditors
Other creditors|**2021**
£
2,040
-
2,040
**2021**
£
100,679
**2021**
£
5,571
2,000
7,571|**2020**
£
2,156
300|
|---|---|---|
|||2,456|
|||**2020**
£
97,700|
|||**2020**
£
5,368
1,658|
|||7,026|
Page 12
## **TRINITY CENTRAL LONDON**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2021**
## **11 Pension commitments**
During the year employer’s pension contributions totalling £4,237 (2020: £5,299) were payable to defined contribution personal pension schemes.
## **12 Funds**
During the year the movements in the charity's funds were as follows:
|_Designated Funds_
Contingency fund
IT replacement
Trinity events
Special Offering Nov 2020
Special Offering May 2021
Church House
Weekend away
Special Offering May 2020
_General Unrestricted Funds_
Total Unrestricted Funds
_Restricted Funds_
Building fund
SA Food Program
Total Restricted funds
Aggregate of funds
TCL Development fund|Opening
balance
**2021**
£
13,515
680
526
-
-
-
-
22,537|Incoming
resources
**2021**
£
-
-
-
11,518
15,447
-
-
-|Outgoing
resources
**2021**
£
2,837
-
-
6,000
1,109
12,942
300
-|Transfers
in the year
**2021**
£
-
480
-
-
-
13,275
300
(22,537)|Closing
balance
**2021**
£
10,678
1,160
526
5,518
14,338
333
-
-|
|---|---|---|---|---|---|
||37,257
51,779
89,036
4,095
-
-
4,095
93,131|26,965
159,378
186,343
-
22,500
903
23,403
209,746|23,187
169,940
193,127
-
14,602
-
14,602
207,729|(8,482)
8,482
-
-
-
-
-
-|32,553
49,700|
||||||82,253|
||||||4,095
7,898
903|
||||||12,895|
||||||95,148|
## **Analysis of net assets by fund**
The assets and liabilities of the various funds were as follows:
|Debtors
Cash at bank and in hand
Creditors falling due within one year|Unrestricted Funds
General
Designated
funds
funds
£
£
2,011
29
53,260
34,524
(5,571)
(2,000)
49,700
32,553|Restricted
funds
£
-
12,895
-
12,895|2021
£
2,040
100,679
(7,571)|
|---|---|---|---|
||||95,148|
Page 13
## **TRINITY CENTRAL LONDON**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2021**
In the previous year the movements in the charity's funds were as follows:
|_Designated Funds_
Contingency fund
IT replacement
Special Offering May 2020
Trinity events
_General Unrestricted Funds_
Total Unrestricted Funds
_Restricted Funds_
Building fund
Grants received
Special Offerings
Total Restricted funds
Aggregate of funds|Opening
balance
2020
£
22,707
200
-
237
23,144
44,748
67,892
3,970
951
-
4,921
72,813|Incoming
resources
2020
£
288
-
22,537
289
23,113
174,611
197,724
125
28,443
17,356
45,924
243,648|Outgoing
resources
2020
£
9,480
-
-
-
9,480
(167,100)
176,580
-
(29,394)
(17,356)
46,750
223,330|Transfers
in the year
2020
£
-
480
-
-
480
(480)
-
-
-
-
-
-|Closing
balance
2020
£
13,515
680
22,537
526|
|---|---|---|---|---|---|
||||||37,257
51,779|
||||||89,036|
||||||4,095
0
-|
||||||4,095|
||||||93,131|
## **Analysis of net assets by fund**
In the previous year, the assets and liabilities of the various funds were as follows:
|Debtors
Cash at bank and in hand
Creditors falling due within one year|Unrestricted Funds
General
Designated
funds
funds
£
£
2,131
325
55,015
36,932
(5,368)
-
51,778
37,257|Restricted
funds
£
-
5,753
(1,658)
4,095|2020
£
2,456
97,700
(7,025)|
|---|---|---|---|
||||93,131|
Set up to save towards a building for the church in the future.
**Building Fund** Set up to save towards a building for the church in the future. **Church House Savings** A Designated fund set up to allow monthly savings towards quarterly and annual expenses **Contingency fund** Provision for future costs such as website development, Sponsor licence application etc. Items not appropriate for the year on year budget spend. Not restricted funds.
**Events** A separate fund to run various events through that attract ticket income and are not within the main budget.
**IT replacement SA Food Program**
Establishing a 'pot' to facilitate IT replacement into the future.
A restricted fund set up to support Dihlabeng church Clarens, COVID food support program.
**Special Offering May 2020 Special Offering Nov 2020 Special Offering May 2021 TCL Development fund**
## **Weekend away**
Offering taken in May 2020 to support the continued operating of the church. Offering taken in Nov 2020 to support the continued operating of the church. Offering taken in May 2021 to support the continued operating of the church. A Restricted fund set up to hold the gifts from one source, supporting the Leadership Development of Trinity church and for outreach into the diverse communities in London.
A designated fund set up to hold costs and income related to the 2022 weekend away
Page 14
## **TRINITY CENTRAL LONDON**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2021**
## **13 Transactions with related parties and other similar individuals** During the year the charity:
- a) received donations totalling £49,682 (2020: £52,313) from related parties which includes trustees, anyone closely connected to them and key management.
During the year the charity also made the following payments to, or for, related parties:
- b) A salary of £7,125 (2020: £6,000) was paid to Victoria MacLeod, who is connected to Daniel MacLeod, for her work as pastoral support.
## **14 Operating Lease Commitments**
The charity has an operating lease on a church house provided for a church worker. The minimum amount of future rent payable for this lease in the coming year is £22,500 (2020:£16,875).
The charity has an operating lease for it's meeting venue at the Coin Street Facility in Waterloo. The venue charges on a meeting by meeting basis and has no fixed invoicing level.
Page 15
## **TRINITY CENTRAL LONDON**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES**
## **FOR THE YEAR ENDED 31 AUGUST 2021**
|Note
**INCOME AND ENDOWMENTS FROM:**
Donations
3
Charitable activities
4
Other income
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities:
6
**Total Expenditure**
**Net income**
**Transfers between funds**
12
**Net movement in funds**
Total funds brought forward
**Total funds carried forward**
12||General
Designated
2021
2021
£
£
158,793
26,965
-
-
585
-
159,378
26,965
169,940
23,187
169,940
23,187
(10,561)
3,778
8,482
(8,482)
(2,080)
(4,703)
51,779
37,257
49,700
32,554
Unrestricted funds|Restricted
2021
£
23,403
-
-
23,403
14,602
14,602
8,800
-
8,800
4,095
12,895|Total
2021
£
209,161
-
585
209,746
207,729
207,729
2,017
-
2,017
93,131
95,148|||General
Designated
2020
2020
£
£
174,601
22,824
-
289
10
-
174,611
23,113
167,100
9,480
167,100
9,480
7,511
13,633
(480)
480
7,031
14,113
44,748
23,144
51,779
37,257
Unrestricted funds|Restricted
2020
£
45,924
-
-
45,924
46,750
46,750
(826)
-
(826)
4,921
4,095|Total
2020
£
243,349
289
10
243,648
223,330
223,330
20,318
-
20,318
72,813
93,131|
|---|---|---|---|---|---|---|---|---|---|
Page 16