OFFICIAL#
Trinity Church York
Trustees' Annual Report and Financial Statements
for the year ended
31 May 2023
----- Start of picture text -----
Trinity Church York
----- End of picture text -----
Trustees’ Annual Report
For the year ended 31[st] May 2023
Introduction
The Trustees (whose details are shown in the reference and administrative section of this report) are pleased to present their Annual Report together with the Financial Statements of Trinity Church York for the year ended 31[st] May 2023.
The Financial Statements comply with the Charities Act 2011, the Constitution dated 13[th] April 2020, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1[st] January 2019).
Trinity Church York is a Public Benefit Entity.
Reference and administrative details
| Charity Name | Trinity Church York |
|---|---|
| Registered Charity Number | 1191869 |
| Address | Trinity Church York |
| St Anthony’s Hall | |
| Peasholme Green | |
| York | |
| YO1 7PW | |
| contact@trinitychurchyork.org.uk | |
| Website | www.trinitychurchyork.org.uk |
| Trustees | Matthew Roberts (elder) |
| Roland Kettle (elder) | |
| Simon Foster (elder) | |
| Adam Wilson (elder) | |
| Stuart Thomas | |
| Tim Toase (deacon, until 13thNovember 2023) | |
| Jamie Smith (deacon, from 13thNovember 2023) | |
| Jonathan Cook (from 6thJune 2022 until 11th | |
| September 2023) | |
| Simon Jackson (from 11thSeptember 2023) | |
| Banks | HSBC (current account and reserve account) |
| 13 Parliament Street | |
| York | |
| YO1 8RS |
1
Barclays (until January 2024, deacons’ account) 1-3 Parliament Street York YO1 8SE Independent Examiner Robert Woolley R W Woolley Limited 35 Eastfield Lane Dunnington York
Structure, governance and management
Trinity Church York is a congregation of The International Presbyterian Church (IPC), and is a member of the First IPC Presbytery of England. It was constituted by a charitable trust deed dated 12[th] November 2010, and was subsequently registered with the Charity Commission as a Charitable Incorporated Organisation (CIO) on 19[th] October 2020, governed by a constitution dated 13[th] April 2020. The preceding bare trust, registered charity number 1141747, was removed from the charity register on 21[st] April 2023, the assets having been transferred to the CIO (registered charity number 1191869).
The Trustees have overall responsibility for the activities of the Trust. New elder trustees are appointed effective from their date of ordination, installation or licencing to this church by the presbytery. Charity trustees who are not Elders may be appointed by a resolution passed at a properly convened meeting of the charity trustees, provided that such appointment does not result in such non-elder trustees constituting 50% or more of the trustees. During the year, Jonathan Cook joined as a trustee on 6th June 2022.
The Trustees met every two months during the reporting period, to monitor progress of the church and plan for the future. The Treasurer reported to the congregation at the Annual General Meeting held on 22[nd] November 2022.
During the year, Matthew Roberts was employed full time as Minister of Trinity Church York. Adam Wilson was employed full time as Minister of Christ Presbyterian Church Pocklington. Vanessa Simmons started employment in the new post of Operations Manager for 2 days a week on 1[st] November 2022.
Robert Gooch, Robert Rampley, Timothy Toase and Andrew Durant served as deacons. Tim Toase stopped serving as a deacon in April 2023. Deacons have responsibility to help meet the material needs of those within the church and those the church comes into contact with. The office of deacon is a voluntary position.
Purposes and activities
The purpose of the Church is the advancement of the Christian religion, in accordance with the doctrinal standards of the IPC, primarily but not exclusively within York and the surrounding area. Secondly, to relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby, and such other charitable purposes as shall, in the opinion of the elders, further the work of the Church.
To this end we hold regular worship services on Sunday mornings that are open to the public, in which we offer prayer and praise to the Triune God and listen to him speak to us, as the Bible is preached and the sacraments are celebrated. This is our main weekly event and the principal means by which we bring and offer the good news of Jesus Christ and his
2
gospel to the world. We actively work to make these services clear and intelligible to people who are unfamiliar with Christianity. We baptise those who confess faith in Jesus Christ and their children, and share the Lord’s Supper with baptised Christian believers.
The church gathered for worship each week throughout the reporting period. The church complied with all its legal obligations.
The activities outside of Sunday worship continued. The elders of the church continued to provide pastoral support to the congregation and others in the community.
We regularly pray for the work of the church in other parts of the country and world. Our regular donation to the First IPC Presbytery of England funds was made as planned.
The deacons have been involved in finding housing, assisting house moves, organising DIY, assisting with transport, delivering Christmas hampers to needy families, and distributing food and financial support to members of the church and others in need of help.
Volunteers play a substantial role in the life of the church alongside the church officers and staff, supporting the full range of objectives and activities including leading Sunday School lessons, organising music for the services, leading small group Bible studies, providing hospitality and running the Trinity Tots group, amongst many more examples.
The church continued to enjoy a lease on the first floor of St. Anthony’s Hall, a mediaeval guildhall in York, to use as a base for all our church activities, including our worship services.
The Trustees are aware of their duty, set out in section 4 of the Charities Act 2011, to have due regard to the public benefit guidance published by the Charity Commission. They therefore ensure that the church’s activities are in line with its purposes as stated in paragraph 1 of this section. By advancing the Christian religion, we teach people the high ethical standards of Jesus Christ and the enormous benefits to themselves, their friends and family, and society as a whole, which flow from them. There have been tangible benefits in personal and family relationships as a consequence of the application of Christian teaching. We also see helping those in material need as an important Christian duty, and our deacons help us accomplish this more effectively.
Christ Presbyterian Church Pocklington
Afternoon services continued to be held weekly until January 2023, when the main service moved to the morning, with a church fellowship meeting taking the format of an all age Sunday school on Sunday afternoons. The weekly small group and pastoral work continued, led by the Minister Adam Wilson. The church continues to meet in Burnby Hall.
Achievements and performance
During the year 10 adults became members of the church, 2 of those were through baptism. We also baptised 4 children of church members. There were 87 adult members on 31[st] May 2023.
2 marriages were solemnized in St. Anthony’s Hall.
The average Sunday morning attendance from June 2022 to May 2023 was 118 people. However, data was not recorded for several months of this year.
3
Future plans
The church has continued its commitment to advancement of the Christian religion to the glory of God. The future plans of the church remain the same as ever: in God’s grace and under his sovereignty, to continue to preach the word of God faithfully, to pray continually that his will would be done and to seek his kingdom.
Financial Review
For the 2022-23 year, accounting was changed to an accruals and prepayment basis, with the previous year’s numbers re-worked for comparison. The accounts show a surplus of income over expenditure of over £66,000, thanks in large part to the receipt of grants from First IPC Presbytery of England at the end of reporting period for use in 2023-24. However, at year end there remained a liability of just over £18,000 due to an historic pension backlog. Nonetheless, the Trustees view the outcome for the year as delivering a surplus.
Income for the year on all funds amounted to £249,859 (2022 - £196,563), and expenditure for the year on all funds amounted to £183,619 (2022 - £173,814) resulting in an overall surplus of £66,240 (2022 - £22,749). Much of the increase in income was as a result of income received for Christ Presbyterian Church Pocklington.
Significant progress was made in the year with reducing the historic pension backlog. At the time of writing, after the end of the financial year, the whole of this historic pension backlog has now been cleared, removing a major liability which has persisted for many years.
The deacons’ fund was held in a separate bank account with Barclays from when the church was founded until January 2024, when the decision was taken to close this account and move the funds to the main HSBC current account; it remains a restricted fund for accounting purposes.
Reserves policy
At the financial year end the church held unrestricted general funds amounting to £55,411 (2022 - £53,546), and restricted funds amounting to £76,454 (2022 - £12,079).
Our policy is to hold reserves to the average value of three months routine operating costs. Funds across the charity are sufficient to meet this requirement. The Trinity Church York general fund has reserves to cover its routine venue and staff costs. The restricted Christ Presbyterian Church Pocklington fund has sufficient reserves to cover its own routine costs without recourse to the Trinity Church York general fund reserves.
Fundraising
The charity has not employed any professional fundraisers or commercial participators during the year. No complaints have been received on the subject of fundraising practice. The charity did not monitor the fundraising activities of any person acting on its behalf, since no need was identified to do so. The fundraising approach of the church is that giving back to God from the abundance that He has given to us is a voluntary act as God moves each person to do so, and this is regularly reinforced when the topic of financial giving is discussed in the church. The trustees are satisfied that no undue pressure has been put on any person to give money or other property, nor has there been any unreasonable intrusion on any person’s privacy, nor unreasonable persistence.
4
Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature Full name Rev. Dr. Matthew PW Roberts Position Minister and Trustee Date 20/03/2024
5
OFFICIAL#
Trinity Church York
Statement of Financial Activities
For the year ended 31 May 2023
| Note Income and endowments from: Donations and legacies 2(a) Charitable activities Other trading activities 2(b) Investments 2(c) Total income Expenditure on: Raising funds Charitable activities 3 Other trading activities Total expenditure Net income/(expenditure) before gains and losses on investments Net gains/(losses) on investments 6 Net income/(expenditure) Transfers between funds Net movement in Funds Reconciliation of funds: Fund balances brought forward at 1 June 2022 Fund balances carried forward at 31 May 2023 |
Restricted General Designated Funds 2023 2022 £ £ £ £ £ 138,596 - 104,666 243,262 192,262 - - - - - 6,043 - - 6,043 4,296 554 - - 554 5 Total Funds Unrestricted Funds |
|---|---|
| 145,193 - 104,666 249,859 196,563 |
|
| - - - - - 122,126 - 61,493 183,619 173,814 - - - - - |
|
| 122,126 - 61,493 183,619 173,814 |
|
| 23,067 - 43,173 66,240 22,749 - - - - - |
|
| 23,067 - 43,173 66,240 22,749 (21,202) - 21,202 - - . . |
|
| 1,865 - 64,375 66,240 22,749 |
|
| 53,546 - 12,079 65,625 42,876 |
|
| 55,411 £ - £ 76,454 £ 131,865 £ 65,625 £ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities.
The notes on pages 9 to 17 form part of these financial statements.
6
OFFICIAL#
Trinity Church York
Balance Sheet as at 31 May 2023
| Unrestricted Funds | Unrestricted Funds | Unrestricted Funds | Restricted | Restricted | Restricted | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| General | Designated | Funds | Total | |||||||||
| 2023 | 2022 | |||||||||||
| Note | £ | £ | £ | £ | £ | |||||||
| Fixed Assets | ||||||||||||
| Tangible fixed assets | 5 | - | - | - | - | - | ||||||
| Investments | 6 | - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||||
| Current Assets | ||||||||||||
| Debtors | 7 | 4,803 | - | 55 | 4,858 | 79,553 | ||||||
| Cash at bank and in hand | 70,962 | - | 78,654 | 149,616 | 32,015 | |||||||
| Total Current Assets | 75,765 | - | 78,709 | 154,474 | 111,568 | |||||||
| Current Liabilities | ||||||||||||
| Creditors: amounts falling due | ||||||||||||
| within one year | 8 | 20,354 | - | 2,255 | 22,609 | 45,943 | ||||||
| Total Current Labilities | 20,354 | - | 2,255 | 22,609 | 45,943 | |||||||
| Net Current Assets | 55,411 | - | 76,454 | 131,865 | 65,625 | |||||||
| Total assets less current | ||||||||||||
| liabilities | 55,411 | - | 76,454 | 131,865 | 65,625 | |||||||
| Non-Current Liabilities | ||||||||||||
| Creditors: falling due after more | than | |||||||||||
| one year | 9 | - | - | - | - | - | ||||||
| Total Non-Current Liabilities | - | - | - | - | - | |||||||
| Total Net Assets | £ | 55,411 |
£ | - |
£ | 76,454 |
£ | 131,865 |
£ | 65,625 |
||
| Church Funds | ||||||||||||
| Unrestricted General Funds | 55,411 | - | - | 55,411 | 53,546 | |||||||
| Unrestricted Designated Funds | 10 | - | - | - | - | - | ||||||
| Restricted Funds | 10 | - | - | 76,454 | 76,454 | 12,079 | ||||||
| Total Church Funds | £ | 55,411 |
£ | - |
£ | 76,454 |
£ | 131,865 |
£ | 65,625 |
Approved by the Trustees on 20th March 2024 and signed on the board's behalf by:
Roland Kettle Simon Jackson Chair Treasurer
The notes on pages 8 to 16 form part of these financial statements.
7
OFFICIAL# Trinity Church York
Notes to the Financial Statements - 31 May 2023
1. Accounting Policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
a) Legal Entity
Trinity Church York is regulated by the Charity Commission for England and Wales (1191869) and is Charitable Incorporated Organisation (CIO). The registered address and address of the principle place of operation is St Anthony's Hall, Peasholme Green, York, YO1 7PW.
b) Basis of Preparation
The financial statements have been prepared in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the relevant version of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements include all transactions, assets and liabilities for which the church is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.
Trinity Church York is a public benefit entity.
c) Fund Accounting
Unrestricted Funds are income funds which are to be spent on the church’s general purposes.
Designated funds are general funds set aside by the church for use in the future. Project funds are designated for particular projects for administration purposes only. Funds designated as invested in fixed assets for the church’s own use are abated in line with those assets’ annual depreciation charges in the SOFA, where applicable. Designated funds remain unrestricted and the church will move any surplus to other general funds.
Restricted Funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor, and (b) revenue donations or grants for a specific church activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis, where applicable.
Endowment Funds are funds, the capital of which must be retained either permanently or at the church’s discretion; the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place.
d) Income recognition
All income is recognised once the church has entitlement to the income, there is sufficient certainty of receipt and so it is probable that the income will be received, and the amount of income receivable can be measured reliably.
Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the income to which they relate is received. Grants and legacies are accounted for when the church is legally entitled to the amounts due.
Dividends and interest are accounted for when receivable. All other income is recognised when it is receivable. Amounts received specifically for mission are dealt with as restricted funds. All income is accounted for gross.
e) Expenditure recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the church to that expenditure, it is probable that settlement will be required and the amount of obligation can be measured reliably.
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the church. All other expenditure is generally recognised when it is incurred and is accounted for gross.
8
OFFICIAL# Trinity Church York
Notes to the Financial Statements - 31 May 2023 (continued)
1. Accounting Policies (continued)
f) Fixed assets
Equipment used within the church premises is depreciated on a straight-line basis over 4 years, and furniture over 5 years. Individual items of equipment and furniture with a purchase price of £2,000 or less are generally written off when the asset is acquired.
g) Investments
Investments are stated at market value at the balance sheet date. The Statement of Financial Activities includes the net gains and losses arising on revaluation at the year end and disposals throughout the year.
h) Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items.
i) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
j) Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
k) Creditors and provisions
Creditors and provisions are recognised where the church has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
l) Financial instruments
The church only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
m) Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against income on a straight-line basis over the period of the lease.
n) Irrecoverable Value Added Tax
The church is not registered for Value Added Tax (VAT) and accordingly expenditure is shown gross of irrecoverable VAT.
o) Going Concern
The financial statements have been prepared on a going concern basis. This assertion is supported by budgets and forecasts prepared for the church. The trustees, having considered the foregoing and having made due enquiries, continue to adopt the going concern basis in preparing the financial statements which assumes that the church will continue in operation for the foreseeable future.
p) Taxation
The church is exempt from taxation on its income and gains under sections 521 to 536 of the Income Tax Act 2007 (ITA 2007) and section 256 of the Taxation of Capital Gains Tax Act 1992 (TCGA 1992) respectively.
9
OFFICIAL#
Trinity Church York
Notes to the Financial Statements - 31 May 2023 (continued)
| 2. Income and Endowments 2(a) Donations and legacies Bank Regular Giving Bank One-off Giving GoCardless Churchsuite Giving CAF and Stewardship Stripe Churchsuite Giving Stripe Churchsuite Pocklington Gifts Sunday Service Giving Sunday Service Pocklington Gifts External Church Giving External Individual One-off Giving External Individual Regular Giving External CAF and Stewardship External Stripe Churchsuite Giving External Support for Rev A Wilson Trust Funds One-off Giving Presbytery Funding Tax Recoverable on Gifts |
Restricted General Designated Funds 2023 2022 £ £ £ £ £ 76,597 - 7,790 84,387 64,975 505 90 595 1,060 2,787 - 1,821 4,608 3,959 8,340 - - 8,340 5,732 10,170 - 2,510 12,680 10,013 - - - - 341 11,928 - 3,864 15,792 6,657 - - - - 1,781 - - 8,742 8,742 - - - 6,595 6,595 26,259 1,720 - 240 1,960 2,454 1,550 - 603 2,153 - 1,644 - - 1,644 - - - 3,295 3,295 - 700 - 27,058 27,758 1,000 - - 39,000 39,000 18,000 22,649 - 3,055 25,704 50,026 Total Funds Unrestricted Funds |
|---|---|
| 138,596 - 104,666 243,262 192,262 |
Specific lines for Pocklington income used in 2021-2022 were discontinued in 2022-2023 following creation of a restricted fund.
In 2021-2022, donations income included £3,138 relating to restricted funds, £0 to designated funds. The balance related to general funds.
As pence are not shown there are some slight discrepancies in total figures.
2(b) Income from other trading activities
| Venue lettings | 900 | - | - | 900 | 500 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Events | 4,553 | - | - | 4,553 | 3,731 | |||||
| Bookstall | 590 | - | - | 590 | 65 | |||||
| 6,043 | - | - | 6,043 | 4,296 | ||||||
| In 2021-2022, all income from other trading activities related to general funds. | ||||||||||
| 2(c) Investment income | ||||||||||
| Dividends | - | - | - | - | - | |||||
| Deposit and other interest | 554 | - | - | 554 | 5 | |||||
| 554 | - | - | 554 | 5 | ||||||
| In 2021-2022, all investment income related to general funds. | ||||||||||
| Total Income | £ | 145,193 |
£ | - |
£ | 104,666 |
£ | 249,868 |
£ | 196,563 |
10
OFFICIAL#
Trinity Church York
Notes to the Financial Statements - 31 May 2023 (continued)
| 3. Analysis of Expenditure Charitable activities Staff Salary/Stipend Employees NI/Tax/Student Loan Employers NI Pension Contributions Ministers' Housing Church Services-Ministry Church Services-Ministry CPCP Church Administration Ministry Students Ministry Women Ministry Children Ministry Study Centre On-line System Charges Bank Charges Venue Hire Venue costs Quilters' Guild Venue costs YCT Venue Sundry Purchases Venue Cleaning Cleaning/Waste/Other Electricity Water Rates Venue Equipment Venue Miscellaneous Insurance Building and Contents Safeguarding Costs Broadband/Telephone Publicity Staff Travel and Subsistence Conference and Training Costs Food Refreshments and Kitchen Costs Entertaining Books-Staff IPC Contribution Gift Aid (claimed on gifts other charities) Deacons Gifts Individuals - Internal Deacons Gifts to Organisations Deacons Gifts to Individuals - External Deacons Practical Work Costs Gifts to Individuals Events Keystone Events CFP Events Spring Getaway Events Summer Camp Events CPCP Holiday Club Events All Bookstall Photocopier Depreciation - Church Equipment Total expenditure |
Restricted General Designated Funds 2023 2022 £ £ £ £ £ 36,793 - 28,264 65,057 38,423 - - - - 7,077 287 - 286 573 - 4,934 - 4,182 9,116 41,917 18,408 - 13,129 31,537 26,036 728 - 152 880 415 - - 526 526 51 1,593 - 36 1,629 901 343 - - 343 149 110 - - 110 86 143 - - 143 36 875 - - 875 - 864 - - 864 954 135 - 6 141 44 17,336 - 5,048 22,384 19,084 (476) - - (476) 5,368 4,461 - - 4,461 1,901 23 - 41 64 - 1,742 - - 1,742 183 1,411 - - 1,411 - 4,636 - - 4,636 - 106 - - 106 - 1,332 - 121 1,453 390 245 - - 245 690 5,391 - 150 5,541 984 265 - - 265 450 454 - - 454 383 204 - 988 1,192 1,305 1,110 - 2,177 3,287 2,487 435 - - 435 1,173 - - 67 67 341 291 - 175 466 13 671 - - 671 252 59 - 273 332 288 9,172 - - 9,172 12,118 94 - - 94 - - - 550 550 2,436 - - 250 250 500 - - 2,095 2,095 - - - 2,232 2,232 320 140 - 719 859 - 1,298 - - 1,298 - 1,495 - - 1,495 - 1,604 - - 1,604 - 922 - - 922 - - - - - - - - - - 3,961 137 - 15 152 502 2,338 - - 2,338 2,581 - - - - - Total Funds Unrestricted Funds |
|---|---|
| 122,126 £ - £ 61,493 £ 183,619 £ 173,814 £ |
In 2021-2022, charitable activities expenditure included £3,256 relating to restricted funds, £0 relating to designated funds. The balance related to general funds.
Improvements to processing have resulted in some expense lines not being directly comparable across years, notably in respect of salaries and related costs, and venue costs
As pence are not shown there are some slight discrepancies in total figures.
Accountancy fees for independent examination, included in church administration costs, in 2022-2023 were £200 (20212022 - £200).
11
OFFICIAL#
Trinity Church York
Notes to the Financial Statements - 31 May 2023 (continued)
4. Staff Costs, Trustee Remuneration and Related Party Transactions
| 4. Staff Costs, Trustee Remuneration and Related Party Transactions | |
|---|---|
| 4(a) Staff Costs Wages, salaries and honoraria Employer's NI Pension contributions |
2023 2022 £ £ 65,057 45,500 573 - 9,116 41,917 |
| 74,746 £ 87,417 £ |
During the year the church employed two Ministers, a trainee Minister (from October 2022) and a part-time Operations Manager (from November 2022). Together these individuals equate to 2.4 full time employees.
The key management personnel of the church comprise the trustees only, which includes the two ministers. The total employee benefits of the key management personnel were £62,455 (2021-2022 - £56,001).
No employee received emoluments in excess of £60,000 (2021-2022 - None)
4(b) Trustees' remuneration and related party transactions
Two trustees were paid a salary and pension for their ministerial work; this remuneration is approved under the provisions of the church's constitution. During 2022-2023 the amounts paid to Matthew Roberts totalled £32,441 (2021-2022 - £29,310) and amounts paid to Adam Wilson totalled £29,440 (2021-2022 - £26,691).
No payments or expenses were paid to any trustee in their capacity as acting as trustees. No other payments were made to trustees or persons closely connected to them nor to related parties.
During 2022-2023 a total of £21,563 was donated to the church by the trustees (2021-2022 - £14,916).
12
OFFICIAL#
Trinity Church York
Notes to the Financial Statements - 31 May 2023 (continued)
5. Tangible Fixed Assets
The church holds no tangible fixed assets. The value of any items of furniture and equipment owned by the church is currently below the threshold of materiality set by the trustees in the finance accounting policy.
6. Investments
The church held no investments at the start of or at any point during 2022-23, or the preceding year.
7. Debtors
| 7. Debtors | |
|---|---|
| Tax recoverable Prepayments and accrued interest Other debtors |
2023 2022 £ £ 503 47,155 4,355 7,194 - 25,204 |
| 4,858 £ 79,553 £ |
Included in debtors is an amount of £55 (2021-2022 - £2,373) relating to Restricted Funds.
8. Creditors: Amounts falling due within one year
| 8. Creditors: Amounts falling due within one year | |
|---|---|
| Pension contributions outstanding HMRC - NI, Income tax, Student loan Other accruals - accounts payable |
2023 2022 £ £ 18,365 36,143 1,856 1,694 2,388 8,106 . |
| 22,609 £ 45,943 £ |
Included in creditors falling due within one year is an amount of £2,255 (2021-2022 £0) relating to Restricted Funds.
13
OFFICIAL#
Trinity Church York
Notes to the Financial Statements - 31 May 2023 (continued)
9. Creditors: Amounts falling due after one year
The church had no creditors for amounts falling due after more than one year at 31 May 2023, or at 31 May 2022.
10. Designated Funds and Restricted Funds
The church did not operate any designated funds in the 2022-23 year, nor in the prior year.
The restricted funds are represented by funds raised and grants received for restricted purposes as detailed below.
| Deacons Fund Pocklington Fund Trainee Minister Fund Rowett Fund Wilson Gift |
Balance Transfers & Balance 01/06/2022 Income (Expenditure) Gains/(Losses) 31/05/2023 12,079 3,673 (5,130) 5,998 16,620 - 58,929 (55,644) 15,204 18,489 - 37,742 - - 37,742 - 3,603 - - 3,603 - 719 (719) - - |
|---|---|
| 12,079 £ 104,666 £ £ (61,493) £ 21,202 76,454 £ |
The Deacons' Fund is used to help people in need, both within and outside the church, practically or financially
The Pocklington Fund is used to support the costs of a new church being established in Pocklington ('Christ Presbyterian Church Pocklington') which is a separate ministry of Trinity Church York
The Trainee Minister Fund is used in support of employment and other costs associated with two trainee ministers who started in July 2023, with some funds being raised in advance in the 2022-2023 financial year.
The Rowett Fund is used to meet part of the employment costs of Mr E Rowett, one of the two trainee ministers. It holds funds raised by Mr Rowett's individual supporters specifically for his employment costs.
14
OFFICIAL#
Trinity Church York
Notes to the Financial Statements - 31 May 2023 (continued)
11. Analysis of Net Assets by Fund
Current Year
| Current Year | |
|---|---|
| Tangible fixed assets Investment fixed assets Current assets Creditors Amounts falling due within one year Amounts falling due after one year |
General Funds Designated Funds Restricted Funds Total 31 May 2023 £ £ £ £ - - - - - - - - 75,765 - 78,709 154,474 (20,354) - (2,255) (22,609) - - - - Unrestricted Funds |
| £ 55,411 - £ 76,454 £ 131,865 |
Comparative Year
| Comparative Year | |
|---|---|
| Tangible fixed assets Investment fixed assets Current assets Creditors Amounts falling due within one year Amounts falling due after one year |
General Funds Designated Funds Restricted Funds Total 31 May 2022 £ £ £ £ - - - - - - - - 99,489 - 12,079 111,568 (45,943) - - (45,943) - - - - Unrestricted Funds |
| 53,546 £ - £ 12,079 £ 65,625 £ |
15
OFFICIAL# Trinity Church York
Notes to the Financial Statements - 31 May 2023 (continued)
12. Comparative Statement of Financial Activities
2022-2023 is the charity's first financial year that is subject to accruals accounting. The 2021-22 figures have been restated to provide a like-for-like comparison in the preceding notes.
In future years a comparative Statement of Financial Activities will be produced. In this first year of accruals accounting the Trustees concluded that the work involved to re-state 2020-2021 figures as well, in order to populate a comparative column for a Prior Year SOFA, could not be justified as it would not add sufficient useful information for the reader of the accounts.
16
Trinity Church York Trustees’ Annual Report and Financial Statements for the year ended 31 May 2023
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF TRINITY CHURCH YORK
I report to the trustees on my examination of the financial statements of Trinity Church York (“the charity”) for the year ended 31 May 2023.
This report is made solely to the charity’s trustees, as a body, in accordance with section 154 of the Charities Act 2011. My independent examiner’s work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body for my independent examiner’s work, for this report, or for the opinions I have formed.
Responsibilities and basis of report
As the charity trustees of Trinity Church York, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s financial statements carried out under section 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 examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records.
-
the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.
Robert W Woolley BA(Hons), BFP, FCA, DChA R W Woolley Limited 35 Eastfield Lane Dunnington YORK YO19 5ND
22 March 2024
Page 17