Treasurer’s remarks to the Financial Statements 2022
These remarks do not form part of the financial statements which follow below.
Like any church and charitable organisation, HT relies on the generosity of its members – in both their financial and non-financial gifts. The PCC is grateful for all church members and wants to reinforce that all are welcome.
As HT grows as a church, so have our systems and people working directly for the church. These investments are allowing us to focus on more missional activities and ensure that we continue to meet the high standards required by the Church of England and Charity Commission for how churches and charities should be run.
A decision was made by the PCC to endorse an investment budget. This means we planned for a deficit. At the end of the financial year, closing 31[st] December 2022, Holy Trinity recorded a deficit of £11,010 against an income of £101,608. Regular giving increased by 23% over the reporting period to £72,752. Income from premises hire also increased by 133% compared to last year. Overall Holy Trinity’s income is 32% higher than FY21. As of the 31[st of] December 2022, Holy Trinity had £76,884 in reserves.
Simon Appleby
PCC Treasurer 2021-22
Jenny Kronbergs 2023 -
Holy Trinity Church, Sydenham and Forest Hill - Financial Statements 2022
The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 and Accounting and Reporting by Charities for the calendar year 2022 of the parochial church council (PCC) of Holy Trinity Church, Sydenham and Forest Hill and have been adopted by the PCC on the 27[th] March 2022. The Independent Examiner’s report follows on page 8.
Signed:
Signed:
Jenny Kronbergs Revd. Ben Strain PCC Treasurer Priest -in-Charge and Chair of the PCC
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Holy Trinity Church, Sydenham and Forest Hill - Financial Statements 2022
These statements are prepared on a receipts and payments basis, that is, they show the amounts received and paid by the Church during 2022. They do not take account of liabilities to make future payments or of rights to future receipts (except as indicated in the notes). All figures shown are to the nearest pound.
Account balances (£)
| Account balances (£) | Account balances (£) | Account balances (£) |
|---|---|---|
| 2022 | Of which restricted amounts were: | |
| 31 Dec 2021 | 87,894 | 7,311 |
| Add receipts in year | 101,608 | 6,955 |
| Less payments in year | 112,618 | 5,082 |
| 31 Dec 2022 | 76,884 | 9,184 |
See Note 1 below for more details on restricted funds.
Receipts and Payments statements are on pages 3 and 5
The notes which follow below and after receipts and payments tables form a part of the financial statements. The balances above and receipts and payments tables should be read in conjunction with the notes.
These financial statements are followed by the independent examiner’s certificate.
Notes
Restricted Funds
-
Restricted Funds are those accepted by the PCC for a special purpose to be spent only on that purpose. Grants received by the PCC are usually for a specific purpose and hence are restricted funds until spent on the purpose for which they were provided. Collections for a specific charity are also restricted funds for Holy Trinity until passed on to that charity. Occasionally gifts are given to the church by individuals on condition they are spent on specific purposes. If the PCC accepts any funds subject to conditions (which it is not obliged to do) then it must return those funds if unable to spend them in accordance with the conditions unless the donor releases the remaining amount for the general mission of the Church.
-
The tables of receipts and payments show receipts in 2022 and how restricted funds were spent in the same reporting period.
After expenditure and new restricted income, the restricted funds held at the end of the year were held for the following purposes:
| Restricted fund | GBP |
|---|---|
| Special Collection | 128 |
| Soft PlayEquipment | 565 |
| Signage | 2,579 |
| Fresh Expression Prayand Play | 1,039 |
| Children’s Worker | 594 |
| Summer BBQ | 1,279 |
| Sanctuarycurtains | 3,000 |
| Total Restricted Funds | 9,184 |
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Holy Trinity Church, Sydenham and Forest Hill
Receipts 2022 (all figures are rounded to whole GBP)
| Holy Trinity Church, Sydenham and Forest Hill | Holy Trinity Church, Sydenham and Forest Hill | Holy Trinity Church, Sydenham and Forest Hill | Holy Trinity Church, Sydenham and Forest Hill | Holy Trinity Church, Sydenham and Forest Hill | Holy Trinity Church, Sydenham and Forest Hill |
|---|---|---|---|---|---|
| Receipts 2022(all figures are rounded to whole GBP) | |||||
| Previousyear | |||||
| Receipts | Unrestricted(£) | Restricted(£) | 2022(£) | Notes | 2021(£) |
| Donations | 3 | ||||
| Collections - GASDS | 2,204 | - | 2,204 | 4 | 834 |
| Gift Aid | 8,819 | - | 8,819 | 13,503 | |
| One offgifts - Gift Aided | 1,362 | - | 1,362 | 2,690 | |
| One offgifts - Not Gift Aided | 3,534 | - | 3,534 | - | |
| Plannedgiving- Gift Aided | 52,412 | - | 52,412 | 42,130 | |
| Planned giving - Not Gift Aided |
5,096 | - | 5,096 | - | |
| Total donation | 73,427 | - | 73,427 | 59,157 | |
| Grants | |||||
| Grants Received | 1,400 | 6,955 | 8,355 | 5 | 7,630 |
| Totalgrant income | 1,400 | 6,955 | 8,355 | 7,630 | |
| Church Activities | |||||
| PCC Fees for Statutory activities |
827 | - | 827 | - 40 | |
| Events | 153 | - | 153 | - | |
| Sale of Products | 60 | - | 60 | - | |
| Total Church Activities | 1,040 | - | 1,040 | - 40 | |
| Church Rental | - | - | - | ||
| Premises Hire | 18,282 | - | 18,282 | 7,840 | |
| Total rental income | 18,282 | - | 18,282 | 7,840 | |
| Other income | |||||
| Interest | 351 | - | 351 | 17 | |
| HMRC COVID Furlough | - | - | - | 2,007 | |
| Other | 154 | - | 154 | 204 | |
| Total Grants | 504 | - | 504 | 2,228 | |
| Total income | 94,653 | 6,955 | 101,608 | 76,815 | |
Notes on receipts
- Regular Giving: The figure represents a 23% increase in regular giving against 2021. At the end of 2022 we had more than 25 regular givers (couples giving together counted as one) who give either by standing order (including through charities
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aid foundation or the Parish Giving Scheme) or using the envelope scheme.
-
Gift Aid Tax Refunded includes money received from the Gift Aid Small Donations Scheme now covering small cash or card donations from non-taxpayers (who cannot make a Gift Aid declaration).
-
Grants: Porters Trust grant to support children’s and families’ work.
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Holy Trinity Church, Sydenham and Forest Hill
Payments 2022 (all figures are rounded to whole GBP)
| Holy Trinity Church, Sydenham and Forest Hill | Holy Trinity Church, Sydenham and Forest Hill | Holy Trinity Church, Sydenham and Forest Hill | Holy Trinity Church, Sydenham and Forest Hill | Holy Trinity Church, Sydenham and Forest Hill | Holy Trinity Church, Sydenham and Forest Hill |
|---|---|---|---|---|---|
| Payments 2022(all figures are rounded to whole GBP) | |||||
| Previousyear | |||||
| Payments | General funds(£) | Restricted(£) | 2022(£) | Notes | 2021(£) |
| Worship | |||||
| Festival services | 2,330 | - | 2,330 |
- | |
| Production and Livestream | 138 | - | 138 |
- | |
| Sundays Services | 558 | - | 558 |
202 | |
| Worship | 1,207 | - | 1,207 |
- | |
| Total Worship | 4,233 | - | 4,233 | 202 | |
| Community | |||||
| CommunityCafé | 285 | - | 285 |
- | |
| CommunityDay | - | 676 | 676 | - | |
| Events | 239 | - | 239 |
- | |
| Kids | - | 443 | 443 | 954 | |
| Pastoral | 121 | - | 121 |
- | |
| Vision Exp | 229 | - | 229 |
- | |
| Total Community | 874 | 1,119 | 1,993 | 954 | |
| Mission | |||||
| Mission Giving | - | - | - |
2,300 | |
| Parish Support Fund | 58,333 | - | 58,333 |
6 | 37,500 |
| Total Mission | 58,333 | - | 58,333 | 39,800 | |
| Operations | |||||
| Cleaning | 4,834 | - | 4,834 |
2,918 | |
| Comms and Media | 3,142 | - | 3,142 |
- | |
| Clergyexpense | 356 | - | 356 |
||
| Hospitality | 15 | - | 15 |
- | |
| Insurance | 1,363 | - | 1,363 |
1,311 | |
| IT | 1,240 | - | 1,240 |
- | |
| Maintenance | 938 | - | 938 | 3,107 | |
| Office Management | 2,017 | - | 2,017 |
3,046 | |
| Recruitment | 569 | - | 569 | - | |
| Shared Consumables | 264 | - | 264 | - | |
| Shared Equipment | - | - | - | - |
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| Staff Costs | 416 | - | 416 | 215 | |
|---|---|---|---|---|---|
| Subscriptions and Charges | 837 | - | 837 | - | |
| Utilities | 4,510 | - | 4,510 | 4,882 | |
| Volunteer Expenses | 38 | - | 38 | - | |
| Water | 1,989 | - | 1,989 | - | |
| Total Operations | 22,529 | - | 22,529 |
16,240 | |
| Staff | |||||
| Admin | 4,500 | - | 4,500 | 5,786 | |
| Children’s | - | 3,963 | 3,963 | 14,934 | |
| Operations Manager | 7,827 | - | 7,827 | - | |
| WorshipLeader | 4,036 | - | 4,036 | 4,753 | |
| PAYE Costs | 433 | - | 433 | - | |
| Nest Pensions | 806 | - | 806 | - | |
| Total Staff | 17,603 | 3,963 | 21,566 | 25,473 | |
| Governance | |||||
| Accounting | 3,000 | - | 3,000 | - | |
| Bank Charge | 138 | - | 138 | - | |
| Payroll | 792 | - | 792 | 756 | |
| Trustee expenses | 34 | - | 34 | - | |
| Total Governance | 3,964 | - | 3,964 |
756 | |
| Other | |||||
| Other Costs | - | - | - | 1,470 | |
| Total Publishing | - | - | - | 1,470 | |
| Total Operating Expenses | 107,536 | 5,082 | 112,618 | 84,895 | |
Notes on income
- The Parish Support Fund amount is HT’s contribution towards the costs and the work of Southwark Diocese. Those costs in 2022 were approximately £81,900 for each full-time paid clergy member, of which about £64,900 was the direct cost for each member of parish clergy of pay, pension contributions, housing, and training. The balance is spent to support the wider work of the Diocese of Southwark. HT’s PCC, for the 2022 financial year, agreed to contribute £50,000 towards the Parish Support Fund.
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Independent Examinerfs Report to the membersltrustees of Holy Trinity. Sydenham and Forest Hill Parochial Church Council I report to the tNstees on my examinatron of the accounts of Hoty Trinlty, Sydenham and Forest Hill, forthe year ended 31 Dmber 2022. Responsibilities and basis of report As the charity trustees, the members of PCC are responsible for the preparation of the acGounts in accordance with the requirements of the ChaTities Act 2011 ('Ihe Ad'>- I report in respect of my examination ofthe PCC'S accounts carried out under seGtion 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5){b) of the Act. Independent examinerfs statement I have completed my examination. I confirm that no material matters have corne to my attention in connection with the examination giving me cause to believe that in any material respeGt.' accounting records were not kept in respeci of the Trust as required by section 130 of the Act., or 2. the accounts do not accord with those records., 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 ord8r to enable a proper understanding of the accounts to be reached. Signed: Name: Kathryn While Address.. 60 Beecroft Road. Brockley, London SE4 2BS Date: 2310312023