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2024-08-31-accounts

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Trinity Central London
Report and Accounts
year ended 31 August 2024
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TRINITY CENTRAL LONDON (Working name 'Trinity Church London') CHARITY REPORT AND ACCOUNTS CONTENTS

FOR THE YEAR ENDED 31 AUGUST 2024

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 2024

Trustees

Daniel Macleod Chris Bull Jessica Reece Jackie Butt 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 Sarah Crispin ACA 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 2024

The Trustees have pleasure in submitting their report and accounts for the year ended 31 August 2024.

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 FY24

This has been our sixth 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 2

TRINITY CENTRAL LONDON

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 AUGUST 2024

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 2024, there are 5 community groups (2023:5) 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. Our aim is to start a new community group in East London as soon as possible.

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 £25,000 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.

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.

Page 3

TRINITY CENTRAL LONDON

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 AUGUST 2024

Financial review

Incoming resources were £268,650 (2023 £241,145)

Resources expended were £225,103 (2023 £260,447)

At year end total funds were £99,217, of which £4,217 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 2024.

Reserves policy

The charity's position at year end was to hold £80,260 (2023 £38,813) 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 income increased this year by £27,505 whereas expenditure decreased by £35,344 resulting in net income of £43,547 for the year. We have no funds in deficit and our cash in bank exceeds creditors due. Our general funds remain in excess of £75,000 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).

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.

Page 4

TRINITY CENTRAL LONDON

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 AUGUST 2024

Approval

This report was approved by the trustees and signed on their behalf by:

Chris Bull

Chris Bull (May 21, 2025 19:50 GMT+1)

Chris Bull Trustee

Date: May 21, 2025

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 2024 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

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants of England and Wales, which is one of the listed bodies.

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.

Sarah Crispin

Sarah Crispin (May 22, 2025 08:16 GMT+1)

Sarah Crispin, ACA

Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: May 22, 2025

Page 6

TRINITY CENTRAL LONDON

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 AUGUST 2024

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 income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
£
236,616
7,916
685
245,217
200,988
200,988
44,229
-
44,229
50,771
95,000		 Restricted
Funds
£
23,433
-
-
23,433
24,115
24,115
(682)
-
(682)
4,899
4,217		 Total Funds
2024
£
260,049
7,916
685
268,650
225,103
225,103
43,547
-
43,547
55,670
99,217		 Total Funds
2023
£
232,102
7,395
1,648
241,145
260,447
260,447
(19,302)
-
(19,302)
74,972
55,670

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 2024

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
£
2,174
99,884
102,058
(7,058)
95,000
95,000
95,000
80,260
14,740
95,000
-
95,000		 Restricted
Funds
£
-
4,217
4,217
-
4,217
4,217
4,217
-
-
-
4,217
4,217		 Total funds
2024
£
2,174
104,101
106,275
(7,058)
99,217
99,217
99,217
80,260
14,740
95,000
4,217
99,217		 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

The financial statements were approved by the Trustees and were signed on its behalf by:

Chris Bull (May 21, 2025 19:50 GMT+1)Chris Bull May 21, 2025

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 2024

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.

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:

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 2024

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 2024

3 Donations

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
One Nation church Mumbai
Dihlabeng church, Clarens, South Africa
Christ Church Birmingham		 Institutions
£
17,200
17,200
Institutions
£
8,538
8,538		 2024
£
217,347
3,000
39,702
260,049
2024
£
7,916
7,916
2024
£
685
685
2024
£
29,032
43,555
31,237
41,033
14,461
35,106
194,425
-
30,678
225,103
Individuals
£
13,478
13,478
Individuals
£
10,000
10,000
2024
£
13,472
3,722
5
-
17,199		 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
2024
£
30,678
30,678
2023
£
18,538
18,538
2023
£
28,303
-
235
(20,000)
8,538

The reversal of the grant of £20,000 payable to Christ Church Birmingham in the prior year arose as the original constructive obligation in 2022 was not paid due to a change in arrangements for church planting in the city.

The fee payable to the independent examiner for examining the accounts was £2,400 (2023: £2,280).

Page 11

TRINITY CENTRAL LONDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2024

7 Staff Costs and Trustee Remuneration

The average number of full time equivalent employees was 2.6 (2023:2.6). There were two employees who worked on a part time basis.

Staff costs
Salaries
Employer National Insurance Costs
Employer Pension Contributions
Staff rent		 2024
£
67,404
6,175
4,413
36,000
113,992		 2023
£
113,212
9,110
5,324
36,000
163,646

One staff member received total remuneration within the band £70,000 to £80,000 (2023: 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 2024
salaries contributions £
Daniel Macleod - salary 38,824 3,802 42,626
House rent allowance 36,000 - 36,000
Totals 74,824 3,802 78,626
The following amounts were payable in the previous year: Wages & Pension 2023
salaries contributions £
Daniel Macleod - salary 36,831 3,668 40,499
House Rent Allowance 36,000 - 36,000
72,831 3,668 76,499

During the year key management received employment benefits totalling £78,626 (2023: £76,499).

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
Accruals
Other creditors
Grant obligations		 2024
£
2,174
2,174
2024
£
104,101
2024
£
-
7,058
-
-
7,058		 2023
£
2,171
2,171
2023
£
71,948
2023
£
3,050
-
13,399
2,000
18,449

Page 12

TRINITY CENTRAL LONDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2024

11 Pension commitments

During the year employer’s pension contributions totalling £4,413 (2023: £5,324) 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 April 2024
Weekend away
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Building fund
Dihlabeng Housing Support
India Offering April 2023
India Offering April 2024
Penang
RB Global Offering
TCL Development fund
Total Restricted funds
Aggregate of funds		 Opening
balance
2024
£
30
11,928
-
-		 Incoming
resources
2024
£
-
-
72
14,771
7,916
22,759
222,458
245,217
-
-
1,013
3,500
3,601
15,319
-
23,433
268,650		 Outgoing
resources
2024
£
-
-
-
-
10,097		 Transfers
in the year
2024
£
240
(11,929)
(72)
-
1,881
(9,880)
9,880
-
-
-
-
-
-
-
-
-
-		 Closing
balance
2024
£
270
(1)
-
14,771
(300)
11,958
38,813
50,771
4,095
5
-
-
-
-
800
4,899
55,670		 10,097
190,891
200,988
-
5
1,013
3,500
3,479
15,319
800
24,115
225,103		 14,740
80,260
95,000
4,095
-
-
-
122
-
-
4,217
99,217

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
£
£
2,174
-
85,144
14,740
(7,058)
-
80,260
14,740		 Restricted
funds
£
-
4,217
-
4,217		 2024
£
2,174
104,101
(7,058)
99,217

Page 13

TRINITY CENTRAL LONDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2024

In the previous year the movements in the charity's funds
Designated Funds
IT replacement
Leaders Day Offering
Special Offering April 2023
Special Offering OFF 22
Weekend away
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Building fund
Dihlabeng Christmas offering
Dihlabeng Housing Support
RB Global Offering Nov 2022
Salary support - Birmingham church plant
SA Food program
TCL Development Fund
Total Restricted funds
Aggregate of funds		 were as follows:
Opening
Incoming
balance
resources
2023
2023
£
£
354
-
-
14,387
-
9,121
7,916
37
-
7,395
8,270
30,940
53,351
176,947
61,621
207,887
4,095
-
210
-
-
5
-
22,303
5,022
10,000
25
-
4,000
950
13,351
33,258
74,972
241,145		 Outgoing
resources
2023
£
565
2,459
-
-
8,016
11,040
207,697
218,737
-
210
-
22,303
15,022
25
4,150
41,710
260,447		 Transfers
in the year
2023
£
241
-
(9,121)
(7,953)
621
(16,212)
16,212
-
-
-
-
-
-
-
-
-
-		 Closing
balance
2023
£
30
11,928
-
-
-
11,958
38,813
50,771
4,095
-
5
-
-
-
800
4,899
55,670

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
£
£
2,171
-
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

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 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. India Offering April 2023 A crisis offering taken up to support churches and their leaders in need. India Offering April 2024 An offering taken up to support the work of the churches in India. 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. Penang A fund set up to receive gifts in support of a church planting family in Penang. 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 underaken 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 OFF 22

Offering taken in May 2022 to support the continued operating of the church.

Page 14

TRINITY CENTRAL LONDON

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2024

Special Offering April 2023 Offering taken in April 2023 to support the continued operating of the church. Special Offering April 2024 an offering taken up in April 2024 to support the operating of the church and some mission needs

TCL Development fund 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.

Weekend away

A designated fund set up to hold costs and income related to the annual weekend away.

13 Transactions with related parties and other similar individuals

During the year the charity:

During the year the charity also made the following payments to, or for, related parties:

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:		 2024
£
10,700
-
-
10,700		 2023
£
9,916
-
-
9,916

During the year the charity was charged £40,043 (2023: £40,892) for its operating lease.

Page 15

TRINITY CENTRAL LONDON

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 AUGUST 2024

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
Designated
2024
2024
£
£
221,773
14,843
-
7,916
685
-
222,458
22,759
190,891
10,097
190,891
10,097
31,567
12,662
9,880
(9,880)
41,447
2,782
38,813
11,958
80,260
14,740
Unrestricted funds		 Restricted
2024
£
23,433
-
-
23,433
24,115
24,115
(682)
-
(682)
4,899
4,217		 Total
2024
£
260,049
7,916
685
268,650
225,103
225,103
43,547
0
43,547
55,670
99,217		 General
Designated
2023
2023
£
£
175,299
23,545
-
7,395
1,648
-
176,947
30,940
207,697
11,040
207,697
11,040
(30,750)
19,900
16,212
(16,212)
(14,538)
3,688
53,351
8,270
38,813
11,958
Unrestricted 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

Page 16