the parochial church council of the ecclesiastical parish...

The Parochial Church Council of the Ecclesiastical Parish of

Holy Trinity, Cheltenham

Annual Report and Financial Statements

for the year ended 31 December 2015

Registered Charity No. 1130299

The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Cheltenham

Annual report and financial statements for the year ended 31 December 2015

_______________________________________________________________________________

The Parochial Church Council for the Ecclesiastical Parish of Holy Trinity, Cheltenham Annual Report and Accounts 2015

CONTENTS Page

Annual report 1 – 5 Auditor’s report 6 – 7 Statement of financial activities 8 Balance sheet 9 Notes to the financial statements 10 – 17

1

The Parochial Church Council for the Ecclesiastical Parish of Holy Trinity, Cheltenham


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The Parochial Church Council for the Ecclesiastical Parish of Holy Trinity Annual Report and Accounts 2015

Trustees Report Administrative information Holy Trinity Church (Trinity) is situated in Cheltenham. It is part of the Diocese of Gloucester within the Church of England. The correspondence address is Holy Trinity Church, Trinity House, 100-102 Winchcombe Street, Cheltenham, GL52 2NW. The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Cheltenham is a charity registered in the UK with the Charity Commission, charity number 1130299. Trustees who have served from 1 January 2015 until the date this report was approved are:

Name Post Dates (if part year)

Incumbent Rev Canon Mark Bailey Chair

(Readers do not sit on board)

Erica Hanson

Wardens Henry Steven Vice Chair Appointed 27 April 2015

Garry McCrea

David Lynch Resigned 27 April 2015

Treasurer Christine Robertson Appointed 22 June 2015

Deanery Synod Luke Falvey

Adrian Beere Resigned 7 December 2015 Elected Members Rob Atkin Resigned 27 April 2015

Stephen Bareham Resigned 27 April 2015

Lauren Cook

Michelle Dearman

Simon Firkins

Richard Jelfs

Caroline Phelps

Constantine Stanimeros

Peter Strachan

Elected Members 2015 AGM

Stephen Cartwright Rebecca Lee Richard McConnell Helen Stott Andrew Yapp

Appointed 27 April 2015 Appointed 27 April 2015 Appointed 27 April 2015 Appointed 27 April 2015 Appointed 27 April 2015

Ex. Officio Members Rev Timothy Grew Rev Gareth Dickinson

Jill Cheesman Secretary to Trustees / Electoral Roll Officer

Appointed 22 June 2015

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In support of the Trustees, two key ministry and administration committees exist. The Senior Leadership Team consists of:

Rev Canon Mark Bailey – Lead Vicar (Suspended 27 January 2016) Henry Steven – Church Warden Garry McCrea – Church Warden Rev Tim Grew – Team Vicar (acting Lead Vicar 27 January 2016) Rev Gareth Dickinson – Pastor David Baker – Pastor Karen Bailey – Associate Pastor (Compassionate leave from 27 January 2016) Jules Woodbridge – Associate Pastor (Resigned 3 February 2016) Hillary Grew – Associate Pastor

The Operations Executive consists of:

Rev Tim Grew – Team Vicar Henry Steven – Church Warden Richard Byatt – Operations Manager (Resigned 29 February 2016) Michael Darbandi – Operation Manager (Appointed 21 March 2016) Christine Robertson – Finance Manager

The Leadership Team and Operations Executive may call upon specialist advice, for example in the area of Health and Safety or Employment Relations as required. The charities’ Bankers, Solicitors and Auditors are listed below: Solicitors Bankers Auditors BPE Solicitors LLP NatWest Bank PLC Hazlewoods LLP St James’ House 31 Promanade Windsor House St James’ Square Cheltenham Bayshill Road Cheltenham GL50 1LH Cheltenham GL50 3PR GL50 3AT Structure, governance and management The method of appointment of trustees is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the board of Trustees. The Trustees delegates certain authorities to the “Leadership Team” which meets monthly, to the “Operations Executive” which meets at least fortnightly and also to employed staff, on a day to day basis. When appointing newly elected Trustees, Trinity has a policy of induction which includes ensuring that all Trustees are fully aware of their responsibilities in relation to Charities Commission guidance and the objectives of Trinity. No formal training is offered to Trustees, however, this is being considered as necessary for future appointments. Trinity have a number of strategic partnerships in mutual pursuit of its objectives. During the year, these included New Wine Trust, Kingdom Power Trust, Trinity Cheltenham Trust Limited and St Paul’s Theological Centre. Risk Assessment The Leadership team, Operations Executive and the Trustees have from time to time discussed and assessed the major risks to which the church is exposed and considered the safeguards that have been and can be implemented to mitigate those risks. In accordance with the Statement of Recommended Practice for charities the Operations Executive annually review and update the formal risk assessment which was initially approved by the Trustees in 2006.

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Objectives and Activities The Trustees have the responsibility of co-operating with the incumbent, in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for Trinity’s Church building. The vision statement for Trinity Cheltenham is to: “Make committed followers of Jesus, who change communities and nations for Him”. In simple terms, this means that we are aiming to grow numbers, maturity and impact, here in Cheltenham, throughout the UK and beyond. The Trustees are committed to enabling as many people as possible to worship at Trinity and become part of the parish community. We maintain a policy of being open and inclusive for all sections of the community and to provide a portfolio of ministries and practical support which is as diverse as possible to meet the growing needs of the people of Cheltenham and the wider communities with which we have a connection. Achievements and Performance Trinity Cheltenham continues to welcome anyone to attend its regular weekend services or other activity during the week. Trinity does not formally recognise membership, and as such it is difficult to measure the scope of its influence within the local community, however, we estimate that Trinity engages with approximately 1,500 people on a weekly basis. Trinity Cheltenham does maintain a formal Electoral Roll, which is reported on at each Annual General Meeting. At the last AGM 640 names were on the electoral Roll. In the period since the previous AGM, 36 names were added and 91 names removed. Of the names added into Trinity during the last 12 months, the majority have completed an Alpha course. The new Electoral Roll and details of names added or deleted during the year are filed with the Minutes of the Trustees meeting and the AGM. Trinity is a multi-ministried, multi-congregational church, which acts as a resource, for the local community and the region. This has now been recognised by the Diocese and Trinity has been formally designated as a ‘Resource’ Church. Trinity continues to operate from its main worship space of Holy Trinity Church on Portland Street as well as maintaining the use of ‘Trinity Fusion’ and ‘Trinity House’ premises on Winchcombe Street for many of the ministries that flow out of the life of the church, both at weekends and during the week. Both of these premises are owned by a separate charitable trust, Trinity Cheltenham Trust Limited, which has granted Trinity the right to non-exclusive use of the facilities. During the past year, 2015, Trinity Cheltenham has continued to grow and develop into the fullness of its mission, with many areas of the Church’s ministry developing during the course of the year. Our strapline, alongside the mission statement already outlined, is ‘Celebrating Life’. We seek to do that in as many ways as possible, but primarily through continued pursuit of the presence of God that we believe is ultimately transformative, and changes individuals and communities, who then themselves become agents of change in the wider community. Our Sunday celebrations remain the most obvious expression of our church community and an incredibly vital part of our worship, as we come and do together what we do moment by moment and day by day during the course of the week. Over the last few years we have found that the Trinity family has become increasingly culturally diverse, both in terms of age profile, and an increasingly broader social and racial diversification, and we are continuing to explore new arenas of ministry and fresh ways to connect with modern culture and the challenges that confront the church in this day and age. We continue to maintain our combination of large and small expressions of Church during the year. The ‘large’ of course are our Sunday celebrations, which remain the focal point for congregational worship and celebrating life together as a Church family. There are all sorts of different conferences that take place: worship conferences, Third Person conferences, Women’s conferences, and a newly emerging student conference stream called ‘Converge’. The ‘small’ takes a multitude of forms, with many weekday ministries, but essentially, at the heart of all that we do, are our Life Groups. These have grown extensively over the last couple of years, after a significant investment in terms of staffing and effort; and there are a variety of these smaller gatherings right across all the different life stages in the life of the church. Sunday worship celebrations are supported by a wider range of Kids and Youth activity, both areas thriving in terms of growth in numbers and the spiritual maturity of groups across the many different ages. As we continue to impact the local community and share something of the good news that we believe is so precious to us, Alpha continues to be an important vehicle through which we introduce people to the Church and the Christian

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faith. Many who come through Alpha, come all the way through into the life of the church, where they belong, serve and engage in the wider mission that is ours. We ran 3 evening Alpha courses as well as daytime Alpha courses, and offered bespoke-type courses for different age profiles during the course of the year. During 2015 we continued to run a formation and discipleship group called ‘Element’, which is the arena where people take the next step in the journey of faith into the Church community after Alpha. There are all sorts of equipping and discipleship courses, marriage courses, parenting courses for those with children and teens, Freedom in Christ course, Dealing with Depression and Anxiety courses. Our outreach into the community continues as we seek in a very pragmatic way to support the vulnerable, the disadvantaged and the needy all around us. These ministries offer a combination of very practical support and where appropriate spiritual guidance and hopefully a route through to faith. In 2015 we continued to be involved in debt counselling service; our family centre Family Tree, and support to single parents offered through Tandem; and Kings Table and The Garage provide an integrated approach to support vulnerable adults, where we serve in excess of 10,000 meals per year. Trinity Cheltenham continues to be committed to training and equipping the wider body of Christ, and we have a particular commitment to theological development and formation. We are involved in a training partnership through New Wine with a theological centre in London called St Paul’s and now deliver tailored theology training through the Trinity School of Theology. We have had another successful year with our Discipleship Year internship programme, with 12 interns this year. In terms of Global Mission, we continue to support numerous mission partners around the world through both prayer, and with financial resourcing. We have a key strategic partnership with Kericho Diocese in Kenya, and the church continues to give generously throughout the year to support third party charities, whether that is Hope for Justice, Compassion UK, Open Doors and many others. Trinity Cheltenham is a key church in the New Wine network of churches. The New Wine movement has in excess of 3,000 church leaders, just under 2,000 churches divided into 6 regions around the country with 60 plus networks operating in support of the New Wine vision. Trinity continues to remain supportive of the work of New Wine through its involvement in the national summer conferences and regional leadership conferences and in the delivery of a number of different conferences. Mark Bailey served as the National Director of New Wine during 2015, but resigned from this post at the end of January 2016. In addition, Gareth Dickinson, continues to work in a part-time capacity as Conference Director for New Wine on a charge-back basis. Trinity has developed and grown over many years, and is engaged actively in seeking to contribute to the health and well-being of the Church, in the local arena and regionally. None of this would be possible without the incredible grace, commitment, financial support and dedication of those who sacrificially give in so many different ways to the work that happens here. The Leadership and Council of Trinity would like to convey their sincere thanks to everyone within the wider Trinity family, who help in whatever capacity to fulfil the vision that we have here of ‘making committed followers of Jesus who change communities and nations for Him’.

Financial Review

Total income in 2015 was £1,316,600, representing an decrease on income received during 2014. Of this, £136,696 was received for specific activity and as such was restricted within our accounts. During the year, a total of £169,515 was recovered through Gift Aid, this is an increase on Gift Aid recovered in 2014. Total resources expended in the year decreased by 7.8% to £1,306,861, of which £124,210 was expended against restricted funds. This resulted in a surplus in the year of £9,739 compared to a deficit of £41,027 in 2014. Of the £136,696 of restricted income received during the year, £124,210 was disbursed. Remaining restricted funds have been ring-fenced in our accounts and will be utilised for their intended purpose during the coming year. Trinity continue to develop internal controls, reporting and general financial management, which contribute to maintaining its financial position to a modest operational surplus in light of uncertain levels of income. This will continue to be a focus throughout 2016 to ensure that our limited resources are directed in line with our objectives.

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Reserves policy General Fund: The Trustees do not intend to build up operational reserves. To minimise the risk of being unable to meet all its financial obligations as they fall due, focusing on the need to pay staff salaries and expenses, the Trustees manage cash flow so that there is usually at least sufficient cash flow reserve to pay next month's wages. As Trinity has now been designated as a ‘Resource Church’ we are no longer subject to Parish Share. We have agreed a schedule of contribution to the diocese which has been agreed with the PCC. It is only paid when sufficient cash is available, but normally via monthly payments with the full balance settled prior to the year-end. Income from regular monthly standing orders remains sufficient to pay staff, Gift Aid reclaims are made monthly to improve cash flow. Restricted Funds: There are a small number of restricted funds that the Church operates including some mission projects and specific pastoral matters. These funds recognise that individuals sometimes want to give to a specific ministry and allow this to happen. Statement of Trustees' responsibilities Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity at the year end and of its incoming resources and resources expended during that year. In preparing those financial statements, the Trustees are required to:

a) select suitable accounting policies and then apply them consistently; b) make judgements and estimates that are reasonable and prudent; c) state whether applicable accounting standards and statements of recommended practice have been

followed subject to any departures disclosed and explained in the financial statements; and d) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the

charity will continue to function. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of Trinity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the charity’s assets and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditors A resolution proposing that Hazlewoods LLP be reappointed as auditors of the Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Cheltenham was passed at the Trustees Meeting held on 28 September 2015. This report was approved by the Trustees on ………………………. 2016 and signed on their behalf by Rev Tim Grew Acting Chairman

6


Independent auditors' report to the members of The Parochial Church Council for the Ecclesiastical Parish of Holy Trinity, Cheltenham

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We have audited the financial statements of The Parochial Church Council of the Ecclesiastical Parish of Holy Trinity, Cheltenham for the year ended 31 December 2015 which comprise the statement of financial activities, the balance sheet and the related notes. These financial statements have been prepared under the historical cost convention and the accounting policies set out therein. This report is made solely to the members, as a body, in accordance with the Charities Act 2011. Our audit work has been undertaken so that we might state to the members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the church and the members as a body, for our audit work, for this report, or for the opinions we have formed. Respective responsibilities of trustees and auditors The Trustees’ responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and for being satisfied that the financial statements give a true and fair view are set out in the Statement of Trustees’ Responsibilities. We have been appointed auditors under Chapter 2 of Part 16 of the Companies Act 2006 and report to you in accordance with those Acts. Our responsibility is to audit the financial statements in accordance with relevant legal and regulatory requirements and International Standards on Auditing (UK and Ireland). We report to you our opinion as to whether the financial statements give a true and fair view, have been properly prepared in accordance with the Charities Act 2011. We also report to you if, in our opinion, the information given in the Trustees’ Annual Report is consistent with those financial statements if the Charity has not kept sufficient accounting records, if the Charity’s financial statements are not in agreement with these accounting records or if we have not received all the information and explanations we require for our audit We read the Trustees’ Annual Report and consider the implications for our report if we become aware of any apparent misstatements within it. Basis of audit opinion We conducted our audit in accordance with International Standards on Auditing (UK and Ireland) issued by the Auditing Practices Board. An audit includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. It also includes an assessment of the significant estimates and judgements made by the trustees in the preparation of the financial statements, and of whether the accounting policies are appropriate to the group’s and the charitable parent company’s circumstances, consistently applied and adequately disclosed. We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or other irregularity or error. In forming our opinion we also evaluated the overall adequacy of the presentation of information in the financial statements.

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Independent auditors' report to the members of The Parochial Church Council for the Ecclesiastical Parish of Holy Trinity, Cheltenham

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Opinion In our opinion

the financial statements give a true and fair view, in accordance with United Kingdom Generally Accepted Accounting Practice, of the state of the Charity’s affairs as at 31 December 2015, and of the Charity’s incoming resources and application of resources;

the financial statements have been prepared in accordance with the Charities Act 2011. HAZLEWOODS LLP Chartered Accountants and Statutory Auditor .....................….. 2016 Cheltenham

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Statement of financial activities for the year ended 31 December 2015

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Note Unrestricted

Funds

£

Restricted

Funds

£

2015 Total

Funds

£

2014 Total

Funds

£

Incoming resources

Voluntary income 2 985,639 131,293 1,116,932 1,136,210

Activities for generating funds 3 194,126 5,403 199,529 240,016

Investment income 139 - 139 177

Total incoming resources 1,179,904 136,696 1,316,600 1,376,403

Resources expended

Costs of generating funds 4 (281) - (281) (3,082)

Charitable activities 5 (1,176,430) (124,210) (1,300,640) (1,411,718)

Governance costs 6 (5,940)

-

(5,940)

(2,630)

Total resources expended (1,182,651) (124,210) (1,306,861) (1,417,430)

Net incoming resources and net

movement in funds (2,747)

12,486

9,739

(41,027)

Reconciliation of funds

Total funds brought forward 156,384 18,957 175,341 216,368

Total funds carried forward 13-15 153,637

31,443

185,080

175,341

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Balance sheet as at 31 December 2015

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Registered Charity No: 1130299

Note 2015

£

2015

£

2014

£

2014

£

Fixed Assets

Tangible assets 9 58,100 71,381

Current Assets

Stocks 5,000 5,000

Debtors 10 46,977 124,800

Cash at bank and in hand 145,136 142,148

197,113 271,948

Liabilities

Creditors: amounts falling due

within one year 11 (70,133)

(167,988)

Net Current Assets 126,980 103,960

Net Assets 185,080 175,341

The Funds of the Charity

Restricted income funds 13 31,443 18,957

Unrestricted income funds 14 153,637 156,384

Total Charity Funds 15

185,080

175,341

The financial statements were approved by the Parochial Church Council on ……………..……… 2016 and signed on

its behalf by

Christine Robertson Henry Steven

Treasurer Warden

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Notes to the financial statements for the year ended 31 December 2015

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1. Accounting policies

1.1. Accounting convention

The financial statements have been prepared in accordance with the Church Accounting Regulations 1997

as amended by the Church Accounting (amendment) Regulations 2006 together with applicable accounting

standards and the Charities Statement of Recommended Practice 2005 (revised May 2008).

The financial statements have been prepared under the historical cost convention. The principal accounting

policies adopted in the preparation of the financial statements are as follows:

1.2. Funds

General funds represent the funds of the charity that are not subject to any restrictions regarding their use

and are available for application on the general purposes of the Trustees. Funds designated for a particular

purpose by the Trustees are also unrestricted.

The financial statements include all transactions, assets and liabilities for which the Trustees are responsible

in law. They do not include the financial statements of church groups that owe their main affiliation to

another body nor those that are informal gatherings of church members.

1.3. Incoming resources

Collections are recognised when received by or on behalf of the charity. Planned giving receivable and

other donations under Gift Aid are recognised only when received. Income Tax recoverable on Gift Aid

donations is recognised when the income is recognised. Grants and legacies to the charity are accounted for

as soon as the charity is notified of its legal entitlement, the amount due is quantifiable and its ultimate

receipt by the charity is reasonably certain. The charity is not registered for VAT.

1.4. Resources expended

Expenditure is included on an accruals basis and is recognised when there is a legal or constructive

obligation to pay for expenditure. Costs are attributed to one of the financial categories of resources used in

the statement of financial activities based on. Governance costs are those costs incurred in meeting

regulatory requirements and providing the strategic direction of the Association.

1.5. Fixed assets

Consecrated and beneficed property of any kind is excluded from the financial statements by

s96(2)(a) of the Charities Act 1993.

Fixtures, fittings and office equipment - depreciation is provided using the straight line method at rates

calculated to write off the assets over their useful economic lives. The rate used is 25% per annum apart

from for specific assets whose useful life is considered to be longer, whereby the appropriate rate is used to

a minimum of 10%. Amounts are capitalised where they exceed £1,250 and where the life of the assets is

not less than three years.

1.6. Operating Leases

Rentals payable under operating leases are charged against income on a straight line basis over the lease

term.

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1. Accounting policies (continued)

1.7. Pensions

The charity operates a defined contribution pension scheme. Contributions are charged to the statement of

financial activities as they become payable in accordance with the rules of the scheme.

1.8. Stock

Stock is valued at the lower of cost and net realisable value.

1.9. Ethical standards

In common with many other organisations of our size and nature, we use our auditors to assist with the

preparation of the financial statements.

1.10 Funds

The funds policy is explained in notes 13 and 14 to these financial statements.

2. Voluntary income

Unrestricted

Funds

£

Restricted

Funds

£

2015

Total

£

2014

Total

£

Gift Aid, legacies and other

donations 591,884 84,215 676,099 686,799

Gift Aid recoverable 160,425 9,090 169,515 161,766

Collections at services/other no tax

giving 233,230 - 233,230 237,720

Missionary appeals including gift

aid recoverable 100 38,123 38,223 49,925

985,639 131,428 1,117,067 1,136,210

3. Activities for generating funds

Unrestricted

Funds

£

Restricted

Funds

£

2015

Total

£

2014

Total

£

Church activities:

Income from specific activities 134,625 - 134,625 118,177

Pastoral and evangelistic 56,982 5,268 62,250 177,347

Worship media activity income 2,519 - 2,519 4,492

194,126 5,403 199,394 240,016

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4. Cost of generating funds

Unrestricted

Funds

£

Restricted

Funds

£

2015

Total

£

2014

Total

£

Cost of Worship media activity

income 281

-

281

3,082

5. Charitable activities

Activities undertaken

directly:

Missionary appeals

Note Unrestricted

Funds

£

Restricted

Funds

£

2015

Total

Funds

£

2014

Total

Funds

£

Trinity Supported Mission Partners

Missionary and

charitable giving 52,808

39,570

92,378

93,560

Administrative expenses 287 - 287 -

53,095 39,570 92,665 93,560

Ministry

Parish Share 125,232 - 125,232 121,602

Welcome and

discipleship 4,307

-

4,307

4,811

Staff costs 7 274,305 - 274,305 294,870

Worship, prayer and

teaching 16,549

-

16,549

20,857

Printing, postage and

stationery 1,900

-

1,900

2,133

Depreciation 9 6,467 - 6,467 6,467

428,760 - 428,760 450,740

Pastoral & evangelistic expenses

Sunday School and

Youth Activities

28,211 - 28,211 34,039

Gifts and pastoral care 28,784 1,500 30,284 34,803

Alpha, training &

evangelistic expenses

38,053 2,314 40,367 67,178

Staff costs 7 245,468 3,000 248,468 229,689

Administrative

expenses 1,565

-

1,565

3,016

Other expenses 7,257 - 7,257 1,342

349,338 6,814 356,152 370,067

Total cost of activities

undertaken directly

c/f

831,193

46,384

877,577

914,367

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5. Charitable activities (continued)

Note Unrestricted

Funds

£

Restricted

Funds

£

2015

Total

Funds

£

2014

Total

Funds

£

Total cost of

activities undertaken

directly b/f

831,193

46,384

877,577

914,367

Support Costs

Church running

expenses

Insurance 4,193 - 4,193 3,665

Utilities and telephone 15,652 - 15,652 12,716

Cleaning 8,196 - 8,196 9,329

Repairs and

maintenance 2,537

-

2,537

3,977

New development

expenses -

71,549

71,549

155,834

General running costs 103,332 27 103,359 117,617

Other expenses 6,107 250 6,357 5,978

Events expenses 14,439 - 14,439 33,931

Administrative expenses 2,119 - 2,119 2,628

Depreciation 9 6,815 - 6,815 6,815

Staff Costs 7 181,847 6,000 187,847 144,861

Total support costs 345,237 77,826 423,063 497,351

Total cost of charitable

activities 1,176,430

124,210

1,300,640

1,411,718

All administrative expenses have been directly allocated to the activities above. Included in the above are

operating lease rentals of £nil (2014 - £nil). New development expenses consist of a project to construct

new toilets and crèche in the church which was completed during the year.

6. Governance costs

Unrestricted

Funds

£

Restricted

Funds

£

2015

Total

£

2014

Total

£

Audit and accountancy fees 5,940 - 5,940 2,630

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7. Staff costs

2015

Number

2014

Number

Number of employees

The average monthly numbers of full time equivalent

employees were:

25

25

No employee earned more than £60,000 in the year (2014- nil).

Employment costs

2015

£

2014

£

Wages and salaries 647,183 619,854

Social security costs 45,345 37,531

Other pension costs 18,225 11,646

Recruitment costs - 389

710,753 669,420

8. Pension costs

The charity operates a defined contribution scheme for the benefit of all employees. The assets of the

scheme are administered by Trustees in a fund independent from the charity. The charity has enrolled into

the government auto enrolment scheme. The pension costs charged in the financial statements represent

the contributions payable in the year by the charity, and amounted to £18,225 (2014 - £11,646).

9. Tangible Fixed Assets

Fixtures,

fittings and

equipment

Cost £

At 1 January 2015 and 31 December 2015 142,651

Depreciation

At 1 January 2015 71,270

Charge for the year 13,281

At 31 December 2015 84,551

Net book values

At 31 December 2015 58,100

At 31 December 2014

71,381

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10. Debtors

2015

£

2014

£

General debtors 1,749 9,298

Other debtors 762 -

Gift Aid recoverable 25,200 72,046

Prepayments and accrued income 19,266 43,456

46,977 124,800

11. Creditors: amounts falling due within one year

2015

£

2014

£

Expense creditors 15,897 15,076

Other creditors 19,335 17,282

Accruals 11,656 113,794

Deferred income 12 22,573 21,836

69,461 167,988

12. Deferred income

2015

£

2014

£

Grants and donations

Balance as at 1 January 2015 21,836 12,362

Received in the year 29,353 78,367

Amount released to incoming resources (28,616) (68,893)

Balance as at 31 December 2015 22,573 21,836

Balance at the beginning of the 2015 included £21,836 fees levied for the 2014/15 Discipleship Year. All deferred income brought forward were released in full during the year. Income received in the year, but deferred to a later period included £10,752 fees levied for the 2015/16 Discipleship Year and £12,943 paid toward the Church weekend away in 2016.

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13. Restricted funds

1 January

2015

£

Incoming

resources

£

Resources

expended

£

31 December

2015

£

Special collections 4,014 42,980 (28,941) 18,053

Specific purposes 8,422 88,185 (88,455) 8,152

Pastoral and evangelistic 6,521 5,531 (6,814) 5,238

18,957 136,696 (124,210) 31,443

Purposes of restricted funds

Special collections

Significant gifts were received for a wide variety of mission activity, including projects in Kenya, Hope For

Justice and also to support a school in Romania.

Specific purposes

Anonymous gifts from congregation members for specific purposes received and paid on their behalf in the

year.

Pastoral and evangelistic

Several donations were received specifically to support some of the outreach activities of the church, namely

Kings Table, Tandem and Youth Work.

14. Unrestricted funds

1 January

2015

£

Incoming

resources

£

Resources

expended

£

31 December

2015

£

General 156,384 1,179,904 (1,182,651) 153,637

15. Analysis of net assets between funds

Unrestricted

funds

£

Restricted

funds

£

Total funds

£

Fund balances at 31 December 2015 as

represented by:

Tangible fixed assets 58,100 - 58,100

Current Assets 165,670 31,443 197,113

Current Liabilities (70,133) - (70,133)

153,637 31,443 185,080

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16. Transactions with Council Members

No trustee received any remuneration from the charity during the year (2014 - nil).

No trustee were reimbursed for personal expenses by the charity during the year (2014 - nil).

the parochial church council of the ecclesiastical parish...

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