TRINITY CHURCH OF THE NAZARENE FINANCIAL STATEMENTS For The Year Ended 30th September 2024 Scottish Charitv No.. SC006554
TIUI¥ITY CHURCH OF THE NAL4RENE Truslees, AnDuo1 Report Yr eDded 311th September 2024 The twste¢s present theiT report and financi81 statements for tbe Trinity Church of the Nazarene for the y¢ar ended 30th Sepiember 2024. The financial thtements have been pr4)ared in accordance with the accounting policies sel out on pages 16 - 17 and comply with th¢ chariws governing document. the Charities and TTUStee Inveslm¢nl (Scotlandl Act 2005. th¢ Charities Accounts (Scoilalld) Regulations 2006 (as amendcd} and "A¢¢ounting and Reporting b)" Charities- Statement of Recommended Practice applicable lo charities preparing their accounts in ac¢ordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)" (effective 1st January 2019). Referen¢e and Admlnlstrative Informatkon Charity Name.. Trinity Church of the Nazarene Lharity Registration Numb¢r: SC(354 Church and Contact Address: Church Website WWW.ITIKIIIyLnUTLiiprith.org Trustees The following is a list of those who served on thc Church Board during the ycar to 30th Swlernber 2024.. (R¢stgn¢d February 2024) (Appointed February 2024) PdgÈ2
TIUNITY CHURCH OF THE NAZARENE Trustees, Annual Report (continued) Year ended 3ffth September 2024 Elected exole10 member5 None IndeDendent Examl er MMG Chartered Accountants 4 Albert PIKe Perth PH2 8JE Bankers Bank of Scotland 10- 16 King Edward Street Perth PHI 51rr TSB Units 32-25, St John's C¢ntr¢ King Edward Street Perth PHI SUB Page 3
TRINITY CHURCH OF THE NAZARENE Trnstees, Annual Report (continued) Year ended 30tb September 2024 The activities of th¢ Trinity Church of the N87arene are overseen by the Church Board who are elected annually al th¢ Annual G¢nerdl Meeting by the Church membership in a¢cordance with the provisions of the Manual of the Church of th¢ Na74rene (Manual) deterniined by the General As8embly of th¢ Chwch of the Na7arene Ihttp:112023.manual.na7arene.orW] The Church Board which meets monihlyj is responsible for overall wellbeing of the church family And organisaliow including the spiritual and opcrotiollal life of the church, the financial and l¢8al administrdtion of Ihe Church. and th¢ care and maintenallce of the Church assets. The Annual Gcneral Meeting (of all members in attcndance) brin8s accountability and guidance io th¢ life and work of the Church. The members of the Church Board are the minister8 in p&8toral charge (seniorllead pastor). the elected board members and electe(S exaO(ficio leaders of Church D¢partmenls. Church Board members are elec1 for l year and are eligible for rc- ¢lectiotL There is no limit on the number of years that members can serve. The mcmbers of the Church Board are the tnistees of the registered charity during their peTiod of service. As a congregation. w¢ are part of the Global Church of th¢ Na7arene, whos¢ mission statement 1$ 'to make Christ-like disciples in all the notions.. Living in and around the City of Perth, we seek to advanc¢ the Christian faith through the witn¢ss of our lives and as wc ser¥¢ ovr community ttwough personal relationships and a range of corporate activities. We express our mission statemeni in the local ¢ontext as 'Loving Jesus, loving our city. Loving our neighbow.. Our core values are lo liv¢ through authetttic spirituality. radical h05Pitality, humble uniry, compassionate advocacy and creative geneTOSity. Wc intentional in how w¢ steward our resources to benefit the community and public around Trinity and througbout Perth. This ¢an best be Summ5¢ by extrdcls ftrom th¢ Manual: His Chuwh ought to keep itself simpl¢ and free from an emphasis on wealth and ¢xtrdva8ance to ve itselt'lo the caT¢. fc¢din& clothing and shelter of the poor and marginalized to tdentify with and assist the p(KJr, the oppressed, and thos¢ in society who cannot speak for themselves. We hold that compassionate ministy to th¢ poor includes acts of ¢hwity as well as a strngglc to provide OPPOLtiu)ity. equality and justice for the poor- the Christian's responsibility to tbe poor is an essential aspect of th¢ life of evcry believer who seeks a faith that works througb love Christian holiness drives the Christian lynd their own individual piety and toward the Creation of a more just and equitable society and world. Holiness molivat¢s us to place our means in the service of alleviating such need and to adjust our wants in accordance with the needs of others. Papp 4
TIUNITY CHURCH OF THE IYAZARENE Trnstees, Annual Report (eondnued) Yer ended 30th September 2024 iAi¢41 Mission & Vision Strate Th¢ Trustees are in year 3 of a new Mi85ion and Vision Str&te8y for the next 3-5 years. We have recruited new staff and reorganised the Board of TNst¢es to reflect the strategy> creating t¢ams of staff & trnstees to oversee the d¢v¢lopment and delivery of the strategy. We are a worshipping community of around 300 people 8aih¢r¢d from across the"City-Rcgion" of Perthshire and located in a prirne sitc in Pcrth's City Centre. In the last 10 years thc Chur¢h has experienced significant grovrth and is now looking to develop its mission and ministy as both a'Gathered Cily Centre, Church. serving and blessing the city. and a 'Scattered Congregation. serving and blessing the pla¢¢s w¢ live. work, and sociali5¢. While we love being together in worship our Aim ts to release the'whole people of God, into the whole mission of God, with the whole heart of GIMI in the power of th¢ Spirit, and for the glory of Christ". We are developing our vision strategy and have recruited stsff in 3 key directions.. Missionll Dls¢lpleship & Pgstoral Care Lead - becoming a 'Kingdom of God Peopl¢. in our everyday life and ttolltiu pCeS The City Hub Ikad- developing our life and ministry in the city and city centre of Pe discernin8 needs to which we Can respond to, and partners we can work with A Ntion¥l Resource to th¢ N*tlonal Chureh - becoming a centre for gathering and encouTaging the Church in Scotland P¥e_
TIUNITY CHURCH OF THE P4AZARENE Trustees, Annual Report (contlDued) Year ended 30th September 2024 I. Mis5ional Discipleship & P2Storsl Care The praching on Sundays 8ives a foundation for a believeT'S everyday life. but Life Groups are a good place to dig a little d¢ep¢r and explore together how we can liv¢ out Ihose biblical tnjths. There are 9 Life Groups and 2 associated bible study groups. While Life Groups are also part of the Pastoral Care vision at Trinity, this year we have develop a more ¢ompr¢heDsive strategic plan for Pastoral Car¢ that covers the varied pastoral needs of th¢ ¢ongregatioTh. from general visitation to Signposting to other professionals and Organisatio when necessary, especially re8ardin8 health and wellbeing. A significant amount of r¢scar¢ thought. consultation aDd rollaboration has gone into this plan, whi¢h we are now beginning to implement. The followin8 maps this pastoral care plan: We are in the earlv stages of developing the plan and building a wid¢r Pasloral Carc Team. .4s a ChurclL w¢ want lo re$tM)nd well to the realitie5 of mental hcalth and illness and have continued io research and access training, r¢sour¢¢s, and partners. This has allowed us to rnn training and courses for chuTch tnembers that include mental hcalth awareness, understanding our own m¢ntsl healih, and peer groups for mental health. We have deepened our partnerships with Kintsugi Hope and the Bible Society, who have specific progrdms and training for the church and mental health. We also appointed 3 Mental Health Champions (a volunteer rol¢) points of first ¢ontsct for those who may need some early support or signposting to s¢rvices. This includes identifying church-based 4ctiviti¢s that may be helpful for mcntsl health and wellbeing (see church a¢tivtties below). We have ¢ategorised appropriate church activiiies und¢r"5 Ways to Wellbein8-: Connect, Get Activ¢. Take Notice. Learn, Give. We want to create a healing community that supports on¢ another and those with mental health challenges to cope wiin in¢ stresses ot life, and to do so in community with one another. with God at the centre. where people are valued for their unique potential and abilities and can contribute and express these gifts. Past 6
TRINITY CHURCH OF THE NAZARENE Trustees, Annual Report (contlttlled) Year ended 30th September 2024 2. City Hub The City Hub focuscs on three main areas of strategic development: Discern and r&%pond to th¢ needs and opportunities within the city ¢¢ntre (city). Mobilise th¢ Chwch into Mi5sion-Ministry A¢lion & maximise our city c¢ntre Facilities. Identify, conn¢ct, and foster partner&hRps. In response to this. the Church has focused on the following areas.. Addlctioll & Recoverv: Th¢ Ark continues to opcratc with a regular weekly meal. but the volunteers are involved in much more beyond the Wedncsday evening drop-in, including work with other partners in th¢ city. This year we piloted'celebrnte Recovery" and will pursue this further in 2025. We host a number of 12 sicp programs throu8h the w¢¢k. Asylum Seeker8 & Refugees: Trinity tnternational Café is a free dToTrin café for asylum seekers. which meets in the church foyer. 15-20 Tnen have attended from 10 different countri¢s. They are being a¢commodated by the Home OtTice in the Station Hotel and Que¢ns Hotel Ment*1 Health & Wellbeing: Once again. Trinity had a stand at the Perth & KiDross Mental H¢alth and Wellbeing festival at Perth Concert Hail at which there w¢r¢ many positive conversations. Re]atlonshlp & Parthershlp: the City Hub team have had several positive convcrsations with vaTiOU$ orwisations including P & K Council, P & K Health and Social Care Partnership (Stronger Communities Network m¢¢tings). PKAVS, Commurrity Warden4 Street Pastors and other local Chuh¢s. Pri50n ministry: A team of volullte¢rs from Trinity have been involved in & partnership with Prison Chapi#in¢y and Prison Fellowship to deliver an ALPHA Course (introduction to Christianity) and th¢ Sycamore Coursc (restorative justice course) in Perth Prison and Ims hosted a conference for the Scottish Prison Fellowship. Use ofBuilding: we are committcd to being a church of "hospitality- and sharing our facilities with other gTOUPS and organisations is part of our ministry. On a weekly basis we re8ularly host 10 diff¢r¢nt organisations, including a variety of addiction and recovery groups. We re¢ognis¢ that many people in OUT ¢¢)Dgregation are also involved in Third S'ector orgamsatton& ar¢ employed within the public sector or lo¢al businesses. where they are engaged with and offer SUPFrf)rt io individuals and communities ToSs the Perth City are& Poge7
'I'RINITY CHURCH OF THE NAZARENE Trustees. Annual Report (contlnued) Year eDded 30th September 2024 3. A Natlonsl Resource to the Natiott#l Church Over the lasl ycar wc have hosted conferences, training days. and prayer events for nationpAI and international organisaiions that encourage the church in Scotland in both Ib¢ir local and gLobal concern and scrvicc. oin ActiTrryties: As the local Church we Tun tnany different activities that reflt our objectives and the newly d¢v¢lop¢d Mission and Vision Strntcgy. In addition to the above, wc scek to liv¢ out our"Loving Jesus. Loving thc city, Loving our nei8hbouf' mission through our personal actions and through a range of open, community-bas¢d a¢tivities. These wide range of aaivities include.. Corporate worship- w¢ m¢et for communal worship and teachin8 on a Sunday moTning {10.30am). Services are usually led by one of our leadership team, with music from our praise and worship t¢anL These times are relaxed, welcoming. l&stin8 for around 90 minutes with a lime for f¢llowship and chat afterwards. Our practi¢e is to adopt teaching themes during services which Can ILst for a couple of weekslmonths. Communion- cel¢brgted monthly, led by onc of our le&dership team &8 part of our services or from tirne to time as part of our wider expression of worship. Communion is open to every b¢li¢ver. Prayer- the poweThouse which builds God's people. His church and His kingdom. We place prayer at the heart of our church life, believin8 r¢8ular. intentional. Co0[ale prayer is the keystone of the church. wh¢r¢ we gather to worship and Dray collectively as the p¢opl¢ of God. Encouraglng the Chrlstlan IITe: detnonstrating values and providing s¢rYi¢e by members of thc congregation to Ihe community. for the bell¢fit of individuals and society as a whole. Po8e8
TRINITY CHURCH OF THE NAZARENE Tru5tees' AllnuAI Report (eontlttued) Ye4r ended 30th September 2024 OTn Activltles: conilnued Children and Youth: w¢ organise a wide range of activities and clubs for ages from 1>18. Trinlty Tot5: Trinity Tots is our group for babics and toddlcrs. wher¢ our community can come and enjoy fellowship with other parents/carers, build friendship and support networks while each child can have fu through games and acttvities witb others of their age. Trinity Tots njn during lerni lim¢ only and teraC with between [30401 families on 4 regular basis. Creche: Sunday lo.30. A safe and secur¢ environment for 6 months- 2.5 year olds to b¢ ¢ared for during the servi¢¢. The group enables parents to return to the service knowing their ¢hild is in safe hands. Trinity Little Llghts: Sunday 10.30am. A lively group of 2.5 to 5 year olds who learn about God, Jesus and the Bible through creative teaching and play. The 0Up is growing up together and. in the last year. growing ijut of its facilities as many more young children join the church and com¢ through from our expanding r¢ch¢. Trinity Junlors: Running during the morning service for ¢hildr¢n in PI-P3. This group continues to t¢a¢h the children about the lov¢ of G(Kl throu8h fun activities. Trlnlty Klds: Sundays 10.30allL RuDnin8 durAn8 Ihe nwrning service we provide a fresh And lively version of Sunday School for P4-7. We bave a lively 0Up of childrcn. Wc ¢reat¢ energetic and engaging sessions using a v&riery of teaching Tnedia and activities. Kldz Church: Once a monih we have developed a whole church service for primary school children, specifically geared to their age. stage and needs. Sunday MorDiD8 Youtkn: For young people in P7-S314. This 0p meets twtce a month and is focused on youth relevani topics and 'Socials' where they can have infonnal discussions with th¢ leaders. We encourage our secondarv age youth to be involved with volunteerillw 5crving An various Sunday mornin8 activities, Droyidinq mentors where aDprooriate to 8upDort their life skills development. Trlnlty Youth: Our youth meet least onc¢ a week We have an energy packed Friday night youth club during sclK)ol i¢mi witb alM)Ut 20 teens. With th¢ opporMnity for youth to come and chill out, to take part in ¢r¢aiive activities and to learn mor¢ about Jesus. The formal Provides the team with opportunities for b¢tt¢F and more intentional conversations with the youth. Witb a fantastic atmosph¢r¢. the club is also a d¢velopm¢nt pipeline for our young youth team as they gain experience in leadership, organisation. motivation, spiritual development and en¢ouragement as well as many practical skills. The team make time to delve deeper into God's wor(L with study and prayer- lo provide space foT discipleship and spiritual growth. We also tim summer camp and multiple Youth weekends and days-away during the year. Pw9
TRINITY CHURCH OF THE NAZARENE Trustees, Annual Report (Contlttlled) YeAr ended 3ffth September 2024 On 05n Activities: eontlnued Teatime At Trinity: Teatime at Trinity has be¢ome a great favourite. Me¢ting on various Sundays tlwouW)out the year, this is an Op[rtUnIty to invite family, friends and neighbours for soup. saftdwiches ond delicious cakes. We have had a varictv of fantastic speakers sharing their faith on thesc evening Trlnlty Trekkers: A hill walking group which m¢¢ts regularly to enjoy the world which God h&s created. Meeting monthly. the group provides excellent opportunity to Iwk atier our physical and menlal h¢alih as we spend time out in some of the best countryside th¢ UK has lo offer. With a range of coastal, forest, moorland, and riv¢rllo¢h walks varying in difficulty and from 3 to 12 miles with optii)ns for shorter. flatter roul¢s for the less able in our qroup. Trlnlty Move: ¢very Saturday @ 9.30am. the group gathers with the rest of Perth's Park Running Iraterniry for a 5km loop amund one of Perth's fantastic parks. As well as ihe obvious physical and mental health benefits, this regular ev¢ot also allow5 US to serve the wider Pertb running community through regular volunteenng. Workout to Worshlp: on Thursday evenings we run on ¢xercise class for all ages and stages. The workout session allows p¢opl¢ to access exclse at thcir own pace and provides a social or connection space for those who attend. Like m&T)y exercise classes music provides the backdrop for the session, and io this class we workout to worship musi¢. afe ardi Our Safeguarding Policy and Proc¢dures are reviewed annually by the Church Board. but our Safeguarding Team deal with all safeguarding concerns atjd rqM)rt5 regarding childr¢n. young people and vulnernble adults. We work with an or8anisation called "thirtyonc-eighi" who provid¢ advice. support alld training for safeguaTding. Our Designated Safeguarding Puson has gone through the latest training with thirtyone.'ei¥ht. and has delivered safeguarding training to Trinity staff and volunteers throughout the year. 10
TRINITY CHURCH OF THE NAL4RENE Trustees, Annual Report (conunued) Year ended 30th September 2024 Flngnci81 Review At 30 Seplember 2024, the Church carried fotward fvnds of £351,052 (2023 - £359,926, of which £88,905 (2023 - i105,557) was held &8 unrestricted. £Nil (2023 - £Nil) as designated and £262,147 {2023 - £254,369) as restricted funds. During th¢ f)nancial period Trinity Church of the Nazarene remained financially sound. A total of £58,544 was received throughout the year for our building nd. Fu¢ure Plan$ i)ur Phase 2 plans for TefurbishmeDt of the old sanciuary begAn this Ye and will continue in the year ahead. W¢ continue to raise funds for this. Reserves Polic It is thc TnL%tees' y)li¢y to hold reserve5 of approximately four months expenditure including designated bjnds. PuEe } J
TRINITY CHURCH OF THE NAZARINE Trustees, Annual Report {condnued) Year ended 30th September 2024 Tru51ee5' Re5POll5ibilitie$ i Relatlon to the Financial Sttemeffjts The charity irustccs are reswnsibl¢ for preparing a Tntstees, Annval Report and financial stat¢m¢nts in accordance with appli¢able law and UDitcd Kingdom Accounting Standard5 (United Kingdom Generdlly .4cccpted Accounting Practice). The law applicable to charilies in Scotland requires the chaTity trnste¢s to prepare fmancial statements tor each year which show a true and fair view of th¢ state of affairs of the Charity and of the incoming resource5 and applicatlOD of resources. of the Charity for that perio(L In preparing th¢ financial staiemenls. th¢ trustees are quired to: select suitable accounttng policies and then apply them consist¢ntly,' observe the metbod and prin¢ipl¢s in th¢ Charities SORP. make judgements and ¢s¢imates that are reasonable and prudent. state whether applicable accounting standards and statements of recomm¢nd¢d practice have been followed, subject to any departures dis¢losed and explained in the financial statements. prepare the financial statem¢nts on the going concern basis unless it is inappropriate to presume that the Charity will ¢ontinu¢ in operdtion. The Tru5t¢¢s #re responsible for ke¢ping proper accounting Te¢ords which disclose with r¢asonable accurdcy at any time the financial position of the ChaTity and enable them to ensure that th¢ financial slalemEllts Comply with the Charities and TTUStee tnv¢stm¢nt (Scotland) Act 2005 and the Chariti¢s Accounts (Scotland) Regulalion5 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevenlion and detection of fraud and other itregulariiies. Approved bv the Trnstees and Sied on their behalf. ecretary Date- 1131Loi< P47%P 12
TRINITY CHURCH OF THE NAZARENE Independent KIAmln¢r's Report to the Trnstees of the Trlnlty Chur¢b Of the Ngz8reDe I report on the cOUrtts of the Charity for the year endAI 30th September 2024 wkn'ch are Set out on pages 14- 22. This report is rnade to the tru5tee& as a body, in a¢cordaD¢¢ with the tern of my engagement. My work ha5 been undertaken to ¢nabl¢ me to report my opinion set out below and for no other purpose. To the lIeSt exienr perniitted by law I do not accepi or asswne responsibklity to anyone otheT than the tnle¢s, a4 a body, for my work or this report. etive Res oDslblJiti of Trustee5 FIDd ExAudDer The Charitys Trustees are r¢snSible foT th¢ preparntion of the accounts in a¢¢ordance with the tern)s of the Charities and Tee Investment (Scotlandl Act 21)05 and the Charities Accounts {Sco¢landl Regulations 2006. The Charity Trust¢es consider that the audit r¢quirern¢nt of Re8ulation 10(11 (a) to (¢) of the AccouDts Regulattons does T¢ apply. It is my responsibility to examine th¢ accounts under Section 44(IX¢) of th¢ Act 4nd to statc whether particular matters hav¢ ¢ome to my atteDtio Basls of I de ndent ExarniDer'5 Statemen¢ My examination is carried out in aCrdance wth Regulation I l of the Charities Accounts Iswtland) Regulations 2(K>6. An exarnination includes a review of the accouniing rttords kept by the Charity and a comparison of the accounts piesented with those r¢¢ords. It a]so includes COTLsideration of any unusual itetrts or dis¢losures in the accounts, and seeks explanatioDs from the Tte¢S Concerning any such Tllatt¢rs. The procedures undettskcn do rK)t provide all the cvidencx that w0d be required in an audit. and consequently I do not ¢xpre&s aD audit opinion on th¢ view given by the a¢¢ount$. elldent ExIttner. ln the course of my ¢xaminJtion, no rnatter has com¢ LO rny attention.. I which 8ive5 me reasonable ¢aw¢ to believe that m any matenal rcspecÈ rne requir¢ments.' to keep ac¢ouoting T¢rdS in accordan¢¢ with Section 44(l){a) of thr 2005 Act and Regulation 4 of Ihe 2(K)6 A¢wunts RegLklation& and to prepare accounis which a¢cord with tbe accounting cordS and cornply with Regulation 8 of the 2(K)6 Accounts Regulation5 have not been mei. or to which, in my opittioN attention slM)uld k drawn in order to cnabl¢ a proper understallding of th¢ 8¢eouuts 10 be reached. -KliLibLI L,L Lhi ItLL[ vl Lbthered Accoutjlonts of S¢otlaTMI MMG Chartered Accountsnts 4 Albert Place Penh PH2 8JE Date.. 10 March 2025 Pw13
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TRINITY CHURCH OF THE NAL4RENE Balance Sheet At 30th September 2024 •te 2024 2024 2•23 2023 Current assets D¢btOT5 B#Dk ¢t8b 'r•tal turrext gts 21592 402.567 424.159 25.630 423,746 449.376 L1blll¢S Creditors falling duc within one year ¢1 ¢orr¢nl $8eti 351.052 Net avets 351,052 359.926 Tht of the charity: Uthrestrffiettd io 88.9)5 105.557 D¢sltMt¢d fuDds 10 Rostrleted funds 10 262 147 254.369 Trt*l ¢barfty fndS 351.052 359 926 Thc fJnan¢i81 #wtLYJKnls were approved by the ChuTch Board on 9 March 2 0 2 5 . Page 15
TRtNITY CHURCH OF THE NAZARENE Notes pxrt of¢he financi 5ttemettts Year ended 30th S¢ptember 2(124 ACCOntIn liciu for ear ended Jllth Se tembtr 2024 The prillcipal 8Lcountillg polici¥$, which have been applied ¢oDsist¢nily in th¢ ¢wrent and prcceding year in dealin8 with iien]s which are considered Tterial to the accounts. are sel out below. Chari infoTmtion Trinity Chur¢h of the Naz2T¢nc is an unincorw)rated reuistered ctMTity. The principal office I Basi5 of re The financial staiem¢nts have been prepared HccordaDce with the Ctrwitys c¢)nstitutlQD, Charitie5 aDd Trusttt IV¢Sl1 (Scoiland) Act 2005. the Cbarities Aecounts (Scoilandl Regulations 2(H)6 (as arnendedl and "Accounting and RetM)rting by Charities.. Ststement of Recommendcd Practice (SORP) applicable to ¢harit1¢5 Preparing their accounts in ac¢ordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ircland (FRS102)" leffecisvc Isi January 2019). The charity is a Public B¢n¢fit Entity defi[d by FRS 102. The financial statements are prcpared in sleilin& which is the filltiOnal CUTrency tsf the Charity. Monewy wnxbunts in these financial staiements are rounded to the n¢aresi £. The a¢wunts have be¢n prepared under the historical cost ¢onvenliotL The principal accounting policies adopted are set oui bclow. Flld8 Funds are cl&ssified as either r¢stri¢d filnds or unrestricted fijnds, defined as toiiows". Re$tr&ctd funds are filnds subject to 4Kcific requirements as to tbeir use which may be declared by the dottor or with thrir authurily or created throu8h legal processes, but still within the wideT objects of the Charity. Unrestricted ndS expelable at the discr¢iion of th¢ TnL3tees in fitrther8nce of the objects of the Charity. If par15 of the UDr¢$trictd funds are earrnarked at the dis¢r¢tion of the Trustees for a p8rti¢ular putpose. thev are deSIad as a separate fwjd. This desisnation has an adminisirdtive purpose only and does not 1¢8allv r¢strict thc Tn]stees' discreiion to apply the fur. ID£omin resources I dollaiions and gifts are in¢luded within incoming resourccs under either Unrestricted or rcstheted funds ac¢oiding to ihe terrns under which the donation is mad¢ and when the amDunt can be quantified with re&wnable certainty. Donations and gifts in kind are brought inio the a¢¢ounts at their rnarkei vAlue to the Charity. Grants. where cntEtlement is not cortditional on th¢ d¢livery of a specific perfomw)c¢ by the cburcb. are recognised when tbe churd) be¢ome5 unconditionally elltitled to th¢ grdnt. Investtnent income is recoqnised on a receivable b8si5. DoDt¢d ger%ry¢es facilltles Donated profcs5ional 5¢rviLes 2nd donated facilitie5 are Teco8nis¢d as income when the charity has control ov¢r th¢ item. any conditions associated with the dollated item have been met, the receipt of economic benefit from the use by the charity of ihe item 55 probable and that the econ¢)mic bcDefit can be Jneaswed reliably. In ¥¢ordttllee with the Charities SORP (FRS102) the general volunteer lim¢ of cowe8atiort members is not recogSed. On receipt. donated pmfessional services aod donated facilitie5 are recognised on the basis of the value of the gift to the charity which is ¢he anN)unt the charity wou]d have been willin8 to pay to obtain 8etvices or facilitie5 of equivalent ecoM)mi¢ benefit OD the ¢)p¢n market" a corresponding amouDt is then recognised as expenditur¢ in tk period of rtceipl. Pa¥e 16
TRIMTY CHURCH OF THE NAZARENE Y¢4r 301h SEPtelr 2024 AltI Iklei for vurended 301b Se tembtr 2024 CD nded KdirelS tWi5ed on an xcruBI8 basi$as th¢14bility ifit¥rr The TnTrity ChuKhofthc Na7AfcTrB 15 a Chtirity for the purwse80f opplicable tlion kw3lation 8nd is ¢beref¢ oot sufyttt totsxation on its cbarilable llctivitiw. Tr chllY1JK>t rt8i%tetEd foT VAT aTrJ res0rceseXpeUtsJ IhoElore i1}u irrttovctable ipl VAT. rrylld¥ 2•23 23 741J 2ty23 l Diio$ •nd i¢¢•¢lÈk otterir¥& TKtt[DVLQnGlftA 1&8.674 28.9SO 10&074 35J47 15SJ4 46.698 135.W 0.567 J&920 4D.980 61.4 66.77$ 49257 &.476 49.2J7 2 JnVeltYththt I#cM BikinWEX 3,410 J.470 J Incorne 9P2 6,992 S.710 14,B26 Ywthdub 264 15.( 15.Wi
PJ ¥£1
TRINITY CHURCH OF THE NAZARENE Notes formlng part of the flnncil $tstements Year ellded 30th September 2024 5 Staff costs and numbers 2023 Salarie8 and SociRI 5eCUritycosts Pension Cos 108.433 85.613 4.835 827 Totsl 86.440 The aVagenmber of ¢mployees durin8 theyear. lculated 4)n the basis of a head CO[ wasa5 foll¢)Iv5.' Pastor. Asso¢iRte pastor. The nwth¢rof ewlo5es whose annual [muttiOn was mor¢ than £60.(X) 15 follows 2024 202) Nmber .'60.(K)I to £70,(KJO 6 Trustee remuneration and related party transietions Non¢ of th¢ ttustecs rcceivcd any rctnunerdtion from the charity during the ye4r Pe1
TRINITY CHURCH OF THE NAZARENE Notes forming part of the financlal $tstemen¢s Year ended 30th September 2024 7 Debtors 2024 2023 Gifi aid tax recoverable Other debwrs 15,760 790 15.464 .742 3) 1,824 3,3(rf) Reni deposit 21.592 25,630 8 Creditors 2024 CrediloTS 3,532 69.575 5.31K> 84.150 73.107 89,450 g Analvgis of Det assets betwetn fund$ Ubrestrkled rudi Ikyign•te Tot 99,1106 J25,155 69.575 255.580 424.161 73,107 351.054 CurreDt liabililics ¥et ets at 30tb Septrmber 2024 95.474 Uwr¢5tri¢trd Dtsnated fuDdi fund5 Restrlcttd funds Tot41 LeTrI as5¢ 108.875 13,318) 105.557 340,501 186,132) 449.376 189.4501 Olent liabiliue5 assets at 30th S¢ptetThber 2023 $9.9:(1 Pa*e2
TIUNITY CHURCH OF THE NAZARENE Notes formlng pArt of tbe flnanclal statements Year ended 30th September 2024 10 Movement in funds At ijt Iklober 2V23 At Jllth SpptembET 1024 yttourt Transfe Rtstrteted tsnds Buildinglrefvrbislbtn¢Tht fvnd Ciiy Flu Manna 11(>usc Fund Cosy Spaces NMI 234,872 58.544 151.0501 242,366 10.(biiu 5350 152501 7.226 65.770 7.226 262.147 254 369 57.992 DulgRate41 funds S¢¢db¢d fid UpL'n diior luc%day Lluh Uhrestrfttedfvd& Ga]eral acc4)urtt 105 557 105.557 88,90) 88,905 294,808 359,920 360.578 369.452 351,052 At lit (kctober Atjthh Stptember 1023 OutgolD8 20n TrM8fe Restrirtd fllttds BuildinWrefuYbishmeni fimd Cliy Hub Manna House Futsd Cooking iD the Cornm1ty Cosy Spaces Youth ministty Ni)rth Break lund 171.390 63,481 20.0 10.000 420 234.872 4,248 {15,752} 14201 (3.250} {I,o(K)I 5,250 i.0 484 172874 102401 254 369 Den4ted funds S¢¢db¢d fimd doorThesd*yclub {500 480 480 UDrestrltted funds Gener8] ac¢ouni 105,557 105.557 238,645 237.961 382.496 1260,531 359 926 Paxff Zl
TIUNITY CHURCH OF THE NAZARENE Notes Tormlng part of tbe flnanclal statements Year ended 30th September 2024 Dst rict BuiIdinglfffiLrbi8JJme fijttd The8e funds are to be used for the upke¢p of th¢ a[ thurrh buildin for the new buildin¥ pmjecL Ciiy Hub ThEse futmls are to bE used to re5PDnd ID rtttd8 and opportuniti&s for milliwy withJJJ the city ciry centye 8pecificAlly M&nnJ Hous¢ The8e fvndg are w b¢ used forTrrntsl h¢41th a1 discipleship mioisTnes Youih Mini8¢5 These fvt¥Js are to bc used foryouth Ttunistri¢5 Nortb Bteak FrLttd The lund8 Tepr¢5enl pat5 received from MCM of the iThgwatson saving forthe church's annual holiday. Pu f de51 nated unoi OpeD d(K>rTu¢sday club Thi5 fijnd 15 avlliiable forthe of the Tuesdby club. Sc¢dbcd fund This fund is for rrfw ministries Pyr of unreytri£ted funds Gen¢rnl fvnd This fund 18 used for th¢ prpose uftneetin8 everyday ¢xp¢nses o. the ehurct.. 11 Volunteer5 In cornn with au CoeationS. the con8rcgation bcnefits from the contribution ]nad¢ by volunteus who wv¢ their i111)e aod tslcnts willingly for thc bEDefit of tbe Church. The arw of wnsTegational life whieh rtly on th¢ contribution of voluntee[5 are many and vari¢d 9nd nHJ¢h of th¢ activity wimdd be uttable lo contitLU¢ r¢ it not for the ¢onm)ittnenT shoMTr. 12 Golng Concern .&it the tin of approvitig the accounw th¢ t¢5 hav¢ a rea)nable extall0 that th¢ ¢t)aTity has adeqttate u¢5 to couunu¢ in otrrniiotidi existence for the for¢¢&ble hture. Thus the mistees continuc to dopt the BQLttg concem basis of acwwlling in preparing the accoutsts. Page 22