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Trinity Central London
Report and Accounts
year ended 31 August 2023
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(Working name 'Trinity Church London') CHARITY REPORT AND ACCOUNTS CONTENTS
TRINITY CENTRAL LONDON
FOR THE YEAR ENDED 31 AUGUST 2023
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 2023
Trustees
Daniel Macleod Chris Bull Jessica Reece 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 3
TRINITY CENTRAL LONDON
TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 31 AUGUST 2023
The Trustees have pleasure in submitting their report and accounts for the year ended 31 August 2023.
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
Church Leader summary of activities and achievements in FY23
This has been our fifth 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.
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 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.
Page 4
TRINITY CENTRAL LONDON
TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 31 AUGUST 2023
We have grown slowly and steadily over the last year and now have approximately 120 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 2023, there are 5 community groups (2022:5) 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
During the year, we held street evangelism events where members of the church went flyering, offered prayer and spoke to people about faith and Christianity. We also held social gatherings where we invited individuals who were not part of the church.
Giving
The Trustees remain encouraged by the financial giving of our community. The church has remained steady with its giving. Between the two offerings we had this year, we received more than £20,000 in total. This total 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.
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.
Page 5
TRINITY CENTRAL LONDON
TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 31 AUGUST 2023
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 theday to day operation of thecharity has been delegated to a Leadership team led by Daniel Macleod. New trustees are recruited and appointed with thesupport ofthe Leadership team by the existing trustees, by a majority vote.
Financial review
Incoming resources were £241,145 (2022 £247,963)
Resources expended were £260,447 (2022 £268,139)
At year end total funds were £55,670, of which £4,899 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 2023.
Reserves policy
Thecharity's position at year end was to hold £38,813 (2022 £53,351) in general funds, so achieving at least 2 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 incomeand expenditureboth decreased since prior year and this resulted in net expenditure of£19,302 for theyear. Wehave no funds in deficit and our cash in bank exceeds creditors due. Our general funds remain in excess of £35,000 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 6
TRINITY CENTRAL LONDON
TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 31 AUGUST 2023
Charity law requires the trustees to prepare financial statements for each financial year which givea trueand 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 ofresources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether the applicable accounting standards have been followed, subject to any material xxx departures disclosed and explained in the financial statements; and
-
preparethefinancial statements on a going concern basis unless it is inappropriateto 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 thecharity and enable them to ensurethat thefinancial 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 hencefor taking reasonable steps for theprevention and detection of fraud and other irregularities.
Approval
This report was approved by the trustees and signed on their behalf by:
Chris Bull
Chris Bull
Trustee
Date: 20 May 2024
Page 7
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 thecharity for the year ended 31 August 2023 on pages 7-16 following, which havebeen prepared on thebasis ofthe 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 theAct and in carrying out my examination I havefollowed all theapplicableDirections given by theCharity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I havecompleted my examination. I confirm that no matters have cometo my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning theform and content ofaccounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that theaccounts 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
Stephen Mathews
Stewardship 1 Lamb's Passage London EC1Y 8AB
Date: 22-May-24
Page 8
TRINITY CENTRAL LONDON
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2023
| 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) Transfers between funds Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted Funds £ 198,844 7,395 1,648 207,887 218,737 218,737 (10,850) - (10,850) 61,621 50,771 |
Restricted Funds £ 33,258 - - 33,258 41,710 41,710 (8,452) - (8,452) 13,351 4,899 |
Total Funds 2023 £ 232,102 7,395 1,648 241,145 260,447 260,447 (19,302) - (19,302) 74,972 55,670 |
Total Funds 2022 £ 240,153 5,761 2,049 |
|---|---|---|---|---|
| 247,963 | ||||
| 268,139 | ||||
| 268,139 | ||||
| (20,176) - |
||||
| (20,176) 95,148 |
||||
| 74,972 |
All income and expenditure derive from continuing operations.
The notes on page 9-15 form part of these accounts.
Page 9
TRINITY CENTRAL LONDON
BALANCE SHEET
as at 31 August 2023
| 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 £ 2,171 53,650 55,821 (5,050) 50,771 50,771 50,771 38,813 11,958 50,771 - 50,771 |
Restricted Funds £ - 18,298 18,298 (13,399) 4,899 4,899 4,899 - - - 4,899 4,899 |
Total funds 2023 £ 2,171 71,948 74,119 (18,449) 55,670 55,670 55,670 38,813 11,958 50,771 4,899 55,670 |
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 |
The financial statements were approved by the Trustees on 20 May 2024 were signed on its behalf by:
Chris Bull
Chris Bull Trustee
Charity number: 1179276
The notes on page 9-15 form part of these accounts.
Page 10
TRINITY CENTRAL LONDON
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2023
1 Statutory Information
The charity is a charitable incorporated organisation registered with the Charity Commission in England & Wales. Thecharity'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.
Thesefinancial statements havebeen prepared in accordancewith the"Statement ofRecommended Practice: Accounting and Reporting by Charities preparing their accounts in accordancewith theFinancial Reporting Standard applicablein theUK and Republic ofIreland (FRS 102) ("theCharities SORP"), with theFinancial Reporting Standard applicablein theUnited Kingdom and Republic ofIreland ("FRS 102") and with theCharities 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 appropriateand haveconsidered possibleevents or conditions that might cast significant doubt on theability ofthecharity to continueas a going concern. The trustees have madethis assessment for a period ofat least one year from the dateof approval of thefinancial 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 continueto operatefor theforeseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. As at 31 August 2023, we haveno funds in deficit and General funds in excess of£35,000 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 themost part, income is generally recognised when it is received. Income is only deferred when thecharity has to fulfil conditions beforebecoming entitled to it or wherethe donor has specified that theincome is to beexpended in a future period.
Income from donations includes:
i) Recoverablegift aid. This is recognised when therelated donation is received. Gift aid that has not been recovered by the balancesheet dateis included as a debtor.
Income from charitable activities represents incomereceivable from goods, services and facilities supplied in furtherance ofthe charity's charitable objects.
Thecharity has taken theview that it has only onecharitableactivity, namely theadvancement oftheChristian faith, and all income from donations, legacies and charitable activities is in respect of this one activity.
c) Expenditure
Expenditure, including irrecoverableVAT, is recognised when it is incurred or, ifearlier, when a legal or constructiveobligation 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 bemeasured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.
Page 11
TRINITY CENTRAL LONDON
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2023
Governancecosts, which areincluded in expenditureon charitableactivities but areidentified separately in thenotes to theaccounts, includes costs associated with theindependent examination ofthefinancial statements, compliancewith 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 compriseunrestricted funds that havebeen set asideby thetrustees 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 f) Tangible fixed assets
There are not considered to be any intangible fixed assets at this time.
- Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or thefair valueof donated items, is more than £2,000 and theitem is expected to benefit thecharity over morethan oneaccounting 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 achievethis objectivethe following rates of depreciation are charged:
Equipment Over 3 to 7 years
Thecarrying values oftangiblefixed assets arereviewed for impairment in periods when events or changes in circumstances indicatethat thecarrying 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 theseschemes arerecognised 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 chargeableon 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 Thetrustees do not consider that thereareany material sources ofestimation or uncertainty at thebalance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.
Page 12
TRINITY CENTRAL LONDON
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2023
| 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 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 Hope for Tomorrow Global Christ Church Birmingham Dihlabeng church, Clarens, South Africa |
Institutions £ 8,538 8,538 Institutions £ 29,108 29,108 |
2023 £ 188,009 10,950 33,144 232,102 2023 £ 7,395 7,395 2023 £ 1,648 1,648 2023 £ 51,651 42,860 45,115 40,892 21,283 40,108 241,909 (20,000) 38,538 260,447 Individuals £ 10,000 10,000 Individuals £ 10,000 10,000 2023 £ 28,303 - (20,000) 235 8,538 |
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 | |||
| 2023 £ 18,538 |
|||
| 18,538 | |||
| 2022 £ 39,108 |
|||
| 39,108 | |||
| 2022 £ 6,000 1,000 20,000 2,108 |
|||
| 29,108 |
The reversal of the grant of £20,000 payable to Christ Church Birmingham arose as the original constructive obligation in 2022 was not ultimately paid due to a change in the arrangements for church planting in the city.
Page 13
TRINITY CENTRAL LONDON
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2023
7 Staff Costs and Trustee Remuneration
The average number of full time equivalent employees was 2.6 (2022:2.6). There was one employee who worked on a part time basis.
| Staff costs Salaries Employer National Insurance Costs Employer Pension Contributions Staff rent |
2023 £ 113,212 9,110 5,324 36,000 163,646 |
2022 £ 99,690 7,847 4,765 53,558 |
|---|---|---|
| 165,860 |
One staff member received total remuneration within the band £70,000 to £80,000 (2022: 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 | 2023 |
|---|---|---|---|
| salaries | contributions | £ | |
| Daniel Macleod - salary | 36,831 | 3,668 | 40,499 |
| House rent allowance | 36,000 | - | 36,000 |
| Totals | 72,831 | 3,668 | 76,499 |
| The following amounts were payable in the previous year: | Wages & | Pension | 2022 |
| salaries | contributions | £ | |
| Daniel Macleod - salary | 35,500 | 3,550 | 39,050 |
| House Rent Allowance | 36,000 | - | 36,000 |
| 71,500 | 3,550 | 75,050 |
During the year key management received employment benefits totalling £76,499 (2022: £75,050).
Daniel Macleod served as church leader and received theabove 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 Grant obligations |
2023 £ 2,171 2,171 2023 £ 71,948 2023 £ 3,050 13,399 2,000 18,449 |
2022 £ 2,223 |
|---|---|---|
| 2,223 | ||
| 2022 £ 99,552 |
||
| 2022 £ 4,803 2,000 20,000 |
||
| 26,803 |
In August 2023, the Trustees confirmed that Trinity church would make a redundancy payment to one employee of £10,000. Other creditors also includes one months salary to the same employee.
Page 14
TRINITY CENTRAL LONDON
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2023
11 Pension commitments
During the year employer’s pension contributions totalling £5,324 (2022: £4,765) 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 IT replacement Leaders Day Offering Special Offering April 2023 Special Offering OFF22 Weekend away General Unrestricted Funds Total Unrestricted Funds Restricted Funds Building fund Dihlabeng Christmas Offering Dihlabeng Housing Support June 2022 RB Global offering Nov 2022 SA Food Program Salary support - Birmingham Church Plant TCL Development fund Total Restricted funds Aggregate of funds |
Opening balance 2023 £ 354 - - 7,916 - |
Incoming resources 2023 £ - 14,387 9,121 37 7,395 30,940 176,947 207,887 - - 5 22,303 - 10,000 950 33,258 241,145 |
Outgoing resources 2023 £ 565 2,459 - - 8,016 |
Transfers in the year 2023 £ 241 - (9,121) (7,953) 621 (16,212) 16,212 - - - - - - - - - - |
Closing balance 2023 £ 30 11,928 - - - |
|---|---|---|---|---|---|
| 8,270 53,351 61,621 4,095 210 - - 25 5,022 4,000 13,351 74,972 |
11,040 207,697 218,737 - 210 - 22,303 25 15,022 4,150 41,710 260,447 |
11,958 38,813 |
|||
| 50,771 | |||||
| 4,095 - 5 - - - 800 |
|||||
| 4,899 | |||||
| 55,670 |
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 £ £ 2,171 - 39,692 13,958 (3,050) (2,000) 38,813 11,958 |
Restricted funds £ - 18,298 (13,399) 4,899 |
2023 £ 2,171 71,948 (18,449) |
|---|---|---|---|
| 55,670 |
Page 15
TRINITY CENTRAL LONDON
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2023
| In the previous year the movements in the charity's funds were Designated Funds Church House Contingency fund IT replacement Special Offering May 2021 Special Offering Nov 2020 Special Offering OFF 22 Trinity events Weekend away General Unrestricted Funds Total Unrestricted Funds Restricted Funds Building fund Salary support - Birmingham church plant TCL Development Fund Dihlabeng Christmas offering Dihlabeng Housing Support SA Food program Total Restricted funds Aggregate of funds Analysis of net assets by fund |
as follows: Opening balance 2022 £ 333 10,678 1,160 14,338 5,518 - 526 - 32,553 49,700 82,253 4,095 - 7,898 - - 903 12,895 95,148 |
Incoming resources 2022 £ 648 - - - - 24,991 - 5,761 31,400 189,120 220,520 - 26,000 - 210 1,207 25 27,443 247,963 |
Outgoing resources 2022 £ 17,738 5,590 1,046 504 300 1,764 - 10,772 37,714 203,438 241,152 - 20,978 3,898 - 1,207 903 26,987 268,139 |
Transfers in the year 2022 £ 16,756 (5,088) 240 (13,834) (5,218) (15,311) (526) 5,011 (17,969) 17,969 - - - - - - - - - |
Closing balance 2022 £ - - 354 - - 7,916 - - |
|---|---|---|---|---|---|
| 8,270 53,351 |
|||||
| 61,621 | |||||
| 4,095 5,022 4,000 210 - 25 |
|||||
| 13,351 | |||||
| 74,972 | |||||
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 £ £ 2,223 - 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 |
Building Fund Set up to save towards a building for the church in the future. 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.
IT replacement Establishing a 'pot' to facilitate IT replacement into the future. Leaders Day Offering Offering taken to support the continued operating of the church. RB Global Offering A fund set up to receive gifts to the Regions Beyond Global Offering Salary support - Birmingham Church A fund set up to support the salary costs of assisting the church plant being undertaken by Christ Plant 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 Special Offering April 2023
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. Offering taken in April 2023 to support the continued operating of the church.
Page 16
TRINITY CENTRAL LONDON
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2023
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 2023 weekend away
13 Transactions with related parties and other similar individuals During the year the charity:
a) received donations totalling £31,832 (2022: £55,940) 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 £7,781 (2022: £7,500 ) 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
Thecharity has an operating leasefor its meeting venueat theCoin Street Neighbourhood Centrein 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: |
2023 £ 9,916 - - 9,916 |
2022 £ 9,916 - - |
|---|---|---|
| 9,916 |
During the year the charity was charged £40,892 (2022: £43,313) for its operating lease.
15 Independent Examiner Fee
The fee payable to the Independent Examiner for examining the accounts was £2,160 (2022:£2,160).
Page 17
TRINITY CENTRAL LONDON
DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES
FOR THE YEAR ENDED 31 AUGUST 2023
| Note INCOME AND ENDOWMENTS FROM: Donations 3 Charitable activities 4 Other income Total income and endowments EXPENDITURE ON: Charitable activities: 6 Total Expenditure Net (expenditure) / income Transfers between funds 12 Net movement in funds Total funds brought forward Total funds carried forward 12 |
General 2023 £ 175,299 - 1,648 176,947 207,697 207,697 (30,750) 16,212 (14,538) 53,351 38,813 Unrestric |
Unrestric | Designated 2023 £ 23,545 7,395 - 30,940 11,040 11,040 19,900 (16,212) 3,688 8,270 11,958 ted funds |
Restricted 2023 £ 33,258 - - 33,258 41,710 41,710 (8,452) - (8,452) 13,351 4,899 |
Total 2023 £ 232,102 7,395 1,648 241,145 260,447 260,447 (19,302) - (19,302) 74,972 55,670 |
General 2022 £ 187,071 - 2,049 189,120 203,438 203,438 (14,318) 17,969 3,651 49,700 53,351 Unrestric |
Unrestric | Designated 2022 £ 25,639 5,761 - 31,400 37,714 37,714 (6,314) (17,969) (24,283) 32,553 8,270 ted 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 |
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