Trinity Central London Report and Accounts year ended 31 August 2022
**TRINITY CENTRAL LONDON (Working name 'Trinity Church London') CHARITY REPORT AND ACCOUNTS CONTENTS**
## **FOR THE YEAR ENDED 31 AUGUST 2022**
## **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**
## **(Working name 'Trinity Church London') CHARITY INFORMATION**
## **FOR THE YEAR ENDED 31 AUGUST 2022**
## **Trustees**
Daniel Macleod Chris Bull Richard Palmer - resigned 15 February 2022 Jessica Reece - appointed 20 January 2022 Jackie Butt - appointed 20 October 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 2022**
The Trustees have pleasure in submitting their report and accounts for the year ended 31 August 2022.
## **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**
To further the above objects and vision, the charity's main activities and achievements were as follows:
This has been our fourth full year in operation 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.
On 3 October 2021, Trinity appointed four elders and welcomed people into membership for the first time.
## **COVID-19 response**
In March 2021, we returned to in person Sunday meetings which strictly followed the guidance set out by the UK government. This continued without change through 2021 and 2022. Our community groups were holding their weekly meetings mostly via Zoom calls in 2021 but these returned to in person meetings after the lockdown restrictions were removed by the UK government.
Page 2
TRINITY CENTRAL LONDON
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 AUGUST 2022
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 and now have approximately 100 adults who
consider Trinity to be their church. Many of those who have joined us during the year are young
professionals who live in zones 2 and 3. We remain committed to welcoming a broad range of age
groups to Trinity.
Community Groups
At 31 August 2022, there are 5 community groups12021:51 which 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. We are looking to start a
new community group in East London as soon as we can.
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.
Baptisms
We held one baptism service during the year where five people were baptised.
Giving
The Trustees remain encouraged by the financial giving of our community in a very challenging
period coming out of the COVID-19 pandemic. The church has remained steady with its giving. We
held a special offering for the church during the year and received in excess of £20,000 in total. This
offering 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.
Supporting Gospel Advance
Trinity church has seconded an employee with Leadership responsibility to support the Church plant
in Birmingham, working alongside the recently formed CIO Christ Church Birmingham. Trinity church
has communicated that it will provide a further financial support through 2023-2024 for this
initiative. A liability has been recognised in accounts for this commitment - refer to Note 10.
Page 3
## **TRINITY CENTRAL LONDON**
## **TRUSTEES' ANNUAL REPORT**
## **FOR THE YEAR ENDED 31 AUGUST 2022**
## **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**
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 £247,963 (2021 £209,746)
Resources expended were £268,139 (2021 £207,729)
At year end total funds were £74,972, of which £13,351 were for specific restricted purposes as shown in Note 12.
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 2022.
## **Reserves policy**
The charity's position at year end was to hold £53,351 (2021 £49,700) 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**
Total income and expenditure both increased since prior year and this resulted in net expenditure of £20,176 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 2022**
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: 1 June 2023
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 2022 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
Stewardship 1 Lamb's Passage London EC1Y 8AB
Date: 6 June 2023
Page 6
## **TRINITY CENTRAL LONDON**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 AUGUST 2022**
|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
£
212,710
5,761
2,049
220,520
241,152
241,152
(20,632)
-
(20,632)
82,253
61,621|Restricted
Funds
£
27,443
-
-
27,443
26,987
26,987
456
-
456
12,895
13,351|Total Funds
2022
£
240,153
5,761
2,049
247,963
268,139
268,139
(20,176)
-
(20,176)
95,148
74,972|Total Funds
2021
£
209,161
-
585|
|---|---|---|---|---|
|||||209,746|
|||||207,729|
|||||207,729|
||||||
|||||2,017
-|
|||||2,017
93,131|
|||||95,148|
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 2022**
|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
£
2,223
66,201
68,424
(6,803)
61,621
61,621
61,621
53,351
8,270
61,621
-
61,621|Restricted
Funds
£
-
33,351
33,351
(20,000)
13,351
13,351
13,351
-
-
-
13,351
13,351|Total funds
2022
£
2,223
99,552
101,775
(26,803)
74,972
74,972
74,972
53,351
8,270
61,621
13,351
74,972|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|
The financial statements were approved by the Trustees on 1 June 2023 and were signed on its 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 2022**
## **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. As at 31 August 2022, 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 2022**
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 2022**
|**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**
Sundry income; book 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**
Financial support for Christ Church Birmingham
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
Coin Street Neighbourhood Centre
Hope for Tomorrow Global
London Ace Hub
Christ Church Birmingham
Dihlabeng church, Clarens, South Africa|**Institutions**
£
29,108
29,108
**Institutions**
£
12,000
12,000|**2022**
£
186,227
26,000
27,926
240,153
**2022**
£
5,761
5,761
**2022**
£
2,049
2,049
**2022**
£
50,512
30,089
45,879
43,313
20,979
38,259
229,031
20,000
19,108
268,139
**Individuals**
£
10,000
10,000
**Individuals**
£
10,000
10,000
**2022**
£
6,000
-
1,000
-
20,000
2,108
29,108|**2021**
£
171,415
12,500
25,245|
|---|---|---|---|
||||209,160|
||||**2021**
£
-|
||||-|
||||**2021**
£
585|
||||585|
||||**2021**
£
36,355
19,978
51,086
20,084
19,253
38,973|
||||185,729
22,000
-|
||||207,729|
||||**2022**
£
39,108|
||||39,108|
||||**2021**
£
22,000|
||||22,000|
||||-
**2021**
£
6,000
2,000
2,000
2,000
-|
||||12,000|
Page 11
## **TRINITY CENTRAL LONDON**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2022**
## **7 Staff Costs and Trustee Remuneration**
The average number of full time equivalent employees was 2.6 (2021:2.2). There was one employee who worked on a part time basis.
|**Staff costs**
Salaries
Employer National Insurance Costs
Employer Pension Contributions
Staff rent|**2022**
£
99,690
7,847
4,765
53,558
165,860|**2021**
£
67,483
6,861
4,237
60,192|
|---|---|---|
|||138,772|
One staff member received total remuneration within the band £70,000 to £80,000 (2021: 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|**2022**|
|---|---|---|---|
||salaries|contributions|£|
|Daniel Macleod - salary|35,500|3,550|39,050|
|House rent allowance|36,000|-|36,000|
|**Totals**|71,500|3,550|75,050|
|The following amounts were payable in the previous year:||||
||Wages &|Pension|**2021**|
||salaries|contributions|£|
|Daniel Macleod - salary|35,500|3,550|39,050|
|House Rent Allowance|36,000|-|36,000|
||71,500|3550|75,050|
During the year key management received employment benefits totalling £75,050 (2021: £75,050).
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
**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
Christ Church Birmingham|**2022**
£
2,223
2,223
**2022**
£
99,552
**2022**
£
4,803
2,000
20,000
26,803|**2021**
£
2,040|
|---|---|---|
|||2,040|
|||**2021**
£
100,679|
|||**2021**
£
5,571
2,000
-|
|||7,571|
Trinity church has seconded an employee to support the Church plant in Birmingham, working alongside the recently formed CIO Christ Church Birmingham. Trinity church has communicated that it will provide a further financial support through 2023-2024 for this initiative. A liability of £20,000 has been recognised in the accounts for this commitment.
Page 12
## **TRINITY CENTRAL LONDON**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2022**
## **11 Pension commitments**
During the year employer’s pension contributions totalling £4,765 (2021: £4,237) 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_
Church House
Contingency fund
IT replacement
Special Offering May 2021
Special Offering Nov 2020
Special Offering OFF22
Trinity events
Weekend away
_General Unrestricted Funds_
Total Unrestricted Funds
_Restricted Funds_
Building fund
Salary support - Birmingham Church
Plant
Dihlabeng Christmas Offering
Dihlabeng Housing Support June
2022
SA Food Program
Total Restricted funds
Aggregate of funds
TCL Development fund|Opening
balance
**2022**
£
333
10,678
1,160
14,338
5,518
-
526
-|Incoming
resources
**2022**
£
648
-
-
-
-
24,991
-
5,761|Outgoing
resources
**2022**
£
17,738
5,590
1,046
504
300
1,764
-
10,772|Transfers
in the year
**2022**
£
16,756
(5,088)
240
(13,834)
(5,218)
(15,311)
(526)
5,011|Closing
balance
**2022**
£
-
-
354
-
-
7,916
-
-|
|---|---|---|---|---|---|
||32,553
49,700
82,253
4,095
7,898
-
-
-
903
12,895
95,148|31,400
189,120
220,520
-
-
26,000
210
1,207
25
27,443
247,963|37,714
203,438
241,152
-
3,898
20,978
-
1,207
903
26,987
268,139|(17,969)
17,969
-
-
-
-
-
-
-
-
-|8,270
53,351|
||||||61,621|
||||||4,095
4,000
5,022
210
25
-|
||||||13,351|
||||||74,972|
## **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
£
£
2,223
-
55,931
10,270
(4,803)
(2,000)
53,351
8,270|Restricted
funds
£
-
33,351
(20,000)
13,351|2022
£
2,223
99,552
(26,803)|
|---|---|---|---|
||||74,972|
Page 13
## **TRINITY CENTRAL LONDON**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2022**
In the previous year the movements in the charity's funds were as follows:
|_Designated Funds_
Church House
Contingency fund
IT replacement
Special Offering May 2020
Special Offering Nov 2020
Special Offering May 2021
Trinity events
Weekend away
_General Unrestricted Funds_
Total Unrestricted Funds
_Restricted Funds_
Building fund
SA Food Program
TCL Development Fund
Total Restricted funds
Aggregate of funds|Opening
balance
2021
£
-
13,515
680
22,537
-
-
526
-
37,257
51,779
89,036
4,095
-
-
4,095
93,131|Incoming
resources
2021
£
-
-
-
-
11,518
15,447
-
-
26,965
159,378
186,343
-
903
22,500
23,403
209,746|Outgoing
resources
2021
£
12,942
2,837
-
-
6,000
1,109
-
300
23,187
169,940
193,127
-
-
14,602
14,602
207,729|Transfers
in the year
2021
£
13,275
-
480
(22,537)
-
-
300
(8,482)
8,482
-
-
-
-
-
-|Closing
balance
2021
£
333
10,678
1,160
-
5,518
14,338
526
-|
|---|---|---|---|---|---|
||||||32,553
49,700|
||||||82,253|
||||||4,095
903
7,898|
||||||12,895|
||||||95,148|
## **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
£
£
2,011
29
53,260
34,524
(5,571)
(2,000)
49,700
32,553|Restricted
funds
£
-
12,895
-
12,895|2020
£
2,040
100,679
(7,571)|
|---|---|---|---|
||||95,148|
**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 months savings towards quarterly and annual expenses. **Contingency fund** Provision for future costs not appropriate for the year on year budget spend. **Dihlabeng Christmas Offering** A fund to hold an offering taken up to support those in need in the Dihlabeng church. **Dihlabeng Housing Support** A fund to hold a special offering taken up to support those in housing need in the Dihlabeng church.
A separate fund to run events that attract ticket income and are not within the main budget.
**Events** A separate fund to run events that attract ticket income and are not within the main budget. **IT replacement** Establishing a 'pot' to facilitate IT replacement into the future. **Salary support - Birmingham Church** A fund set up to support the salary costs of assisting the church plant being undertaken by **Plant** Christ Church Birmingham, Charity number 1198783 **SA Food Program** A restricted fund set up to support Dihlabeng church Clarens, COVID food support program.
**Special Offering OFF22 Special Offering Nov 2020 Special Offering May 2021**
Offering taken in May 2022 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.
Page 14
## **TRINITY CENTRAL LONDON**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2022**
## **TCL Development fund**
## **Weekend away**
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
## **13 Transactions with related parties and other similar individuals** During the year the charity:
- a) received donations totalling £ 55,940 (2021: £49,682) 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 £7,500 (2021: £7,125 ) was paid to Victoria MacLeod, who is connected to Daniel MacLeod, for her work as pastoral support.
Except as disclosed in Note 7 'Staff costs and Trustee remuneration', there have been no other transactions with related parties during the year.
## **14 Operating Lease Commitments**
The charity has an operating lease for its meeting venue at the Coin Street Neighbourhood Centre in Waterloo. The minimum amount payable (until the next break clause and ignoring the potential effect of future rent reviews) in respect of this lease is as follows:
|Within one year
Between one and five years
After five years
Payments falling due:|2022
£
9,916
-
-
9,916|2021
£
7,011
-
-|
|---|---|---|
|||7,011|
During the year the charity was charged £43,313 (2021: £20,084) for its operating lease.
## **15 Independent Examiner Fee**
The fee payable to the Independent Examiner for 2022 was £2,160 (2021:£1,920).
Page 15
## **TRINITY CENTRAL LONDON**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES**
## **FOR THE YEAR ENDED 31 AUGUST 2022**
|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
2022
2022
£
£
187,071
25,639
-
5,761
2,049
-
189,120
31,400
203,438
37,714
203,438
37,714
(14,318)
(6,314)
17,969
(17,969)
3,651
(24,283)
49,700
32,553
53,351
8,270
Unrestricted funds|Restricted
2022
£
27,443
-
-
27,443
26,987
26,987
456
-
456
12,895
13,351|Total
2022
£
240,153
5,761
2,049
247,963
268,139
268,139
(20,176)
-
(20,176)
95,148
74,972|||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)
(4,704)
51,779
37,257
49,700
32,553
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|
|---|---|---|---|---|---|---|---|---|---|
Page 16