Holy Trinity and St Mary, Hounslow Page 1

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1 THE PARISH OF HOLY TRINITY, HOUNSLOW REGISTERED CHARITY NO FINANCIAL STATEMENT FOR THE YEAR ENDING 31 DECEMBER 2015 A Overall balance sheet for Holy Trinity and St Mary, Hounslow Page 2 B Overall Statement of Financial Activity for Year End 31 December 2015 Page 3 C Holy Trinity and St Mary - Detailed Balance Sheet Page 4 D Holy Trinity and St Mary - Detailed Statement of Financial Activity Page 5-7 E Holy Trinity - Balance Sheet at 31 December 2015 Page 8 F Holy Trinity - Statement of Financial Activity for Year End 31 December 2015 Page 9-11 G St Mary - Balance Sheet at 31 December 2015 Page 12 H St Mary - Statement of Financial Activity for Year End 31 December 2015 Page 13 Notes Page Independent Examiners Report Page 21 Financial Statements A-K and relevant Notes were approved by the Parochial Church Council at their meeting on 7 March 2016 Clive McIntyre ( Lay Vice Chairman of the PCC and Treasurer) Tony Richardson (Churchwarden) Deena Reddy (Churchwarden) Joy Brooking (Assistant Treasurer) Signed : Signed : Clive McIntyre (Lay Vice Chairman & Treasurer) Deena Reddy (Churchwarden) Signed : Tony Richardson (Churchwarden) Date : Date : Holy Trinity and St Mary, Hounslow Page 1

2 A HOLY TRINITY AND ST MARY'S OVERALL BALANCE SHEET AT 31 DECEMBER 2015 Note FIXED ASSETS Tangible Fixed Assets 3 12,425 14,262 Investment Assets 4, C 367, , , ,317 CURRENT ASSETS Trade debtors and advance payments 5, C 6,482 8,081 Cash and bank balances C 36, ,765 Total Current Assets 43, ,846 LIABILITIES : amounts falling due within one year 6, C 6,896 24,513 Net Current Assets 36,392 84,333 Total Assets less Current Liabilities 415, ,650 LIABILITIES : amounts falling due after more than one year 6, C - - Net Assets 7 415, ,650 FUNDS Unrestricted 9, B 38,691 83,733 Restricted 8, B 10,126 14,862 Endowment 8, B 367, ,055 Total Funds 415, ,650 Holy Trinity and St Mary, Hounslow Page 2

3 B HOLY TRINITY AND ST MARY'S OVERALL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2015 INCOME AND ENDOWMENTS FROM Donations and legacies D 118,168 48, ,654 96,334 72, ,466 Charitable activities D , ,109 Other trading activities D 14, ,293 11, ,125 Investments D 11, ,701 1, ,556 Other incoming resources D Total Income 144,958 48, , ,683 72, ,815 EXPENDITURE ON Costs of generating funds Fund-raising trading: other costs D Charitable activities D 199,499 43, , ,856 65, ,731 Other resources expended D Total Expenditure 199,499 43, , ,856 65, ,731 Net (Expenditure)/Income before Transfers (54,541) 4,764 - (49,777) (6,173) 6, Transfers between funds 9,500 (9,500) (417) - - Net (Expenditure)/Income after Transfers (45,041) (4,736) - (49,777) (5,756) 5, Unrealised gains on investments D - - 3,988 3, ,816 14,816 Net Movement in Funds (45,041) (4,736) 3,988 (45,789) (5,756) 5,840 14,816 14,901 Balances brought forward at 1 January ,733 14, , ,650 89,488 9, , ,749 Balances carried forward at 31 December ,691 10, , ,860 83,732 14, , ,650 Holy Trinity and St Mary, Hounslow Page 3

4 C HOLY TRINITY AND ST MARY'S DETAILED BALANCE SHEET AT 31 DECEMBER 2015 Note FIXED ASSETS Tangible Fixed Assets 3 12,425 14,262 Furniture and fittings Investment Assets Holy Trinity Church Hall Fund - CBF Investment Fund 4, 8 297, ,055 Holy Trinity Church Hall Fund - CBF Deposit Fund 4, 8 70,000 70, , ,317 CURRENT ASSETS Income tax recoverable 2,206 4,273 Debtors and Prepayments 4,275 3,808 Cash and bank balances Holy Trinity 19,217 54,300 Holy Trinity Discretionary 3,213 6,055 Holy Trinity Petty cash St Mary's Parochial Account - 20,363 St Mary's Deposit Account - 5,711 Parish Reserves 14,327 14,327 Total Current Assets 43, ,846 LIABILITIES : 6 amounts falling due within one year accruals & deferred grants received 6,895 24,513 Total Current Liabilities 6,895 24,513 Net Current Assets 36,392 84,333 Total Assets less Current Liabilities 415, ,650 LIABILITIES amounts falling due after more than one year Net Assets 415, ,650 FUNDS Unrestricted 9 Holy Trinity 38,692 56,999 St Mary's - 26,734 Total Unrestricted (see Statement D) 9 38,691 83,733 Restricted 8 Holy Trinity 10,126 13,862 St Mary's - 1,000 Total Restricted (see Statement D) 10,126 14,862 Endowment (see Statement D) 8 367, ,055 Total Funds 415, ,650 Holy Trinity and St Mary, Hounslow Page 4

5 D INCOME AND ENDOWMENTS FROM Donations and legacies Standing orders (including giving for mission outside 46, ,227 39, ,311 the parish) Collections (including giving for mission outside 32, ,447 28, ,778 the parish) Tax recovered on gifts (covenants and Gift Aid) 16, ,068 14, ,062 Donations to Shelter Project Donations to specific charities - 10,695-10, ,200-1,881 Donations - (Candles, Coffee etc.) 7, ,538 7, ,467 Other Donations, inc GA and ministry fees/gifts ,419 1,815-6,234 Donations - PA System ,417-8,417 Donations - Salaries - 32,065-32,065-27,000-27,000 Donations - Major projects ,500-32,500 Great Escape ,173 5,000-20, Alpha Weekend Donations from Parent & Toddler group Soul in the City Grants from Whitlock Trust ,000-1,000 Grant from Diocese , ,106 Charitable activities Fees from 118,168 48, ,654 96,334 72, ,466 Weddings and blessings Funerals Banns Other trading activities , ,109 Holy Trinity Room Hire 14, ,293 11, ,643 St Mary's Church Lettings , ,483 Investments Interest received from investments : Other income HOLY TRINITY AND ST MARY'S DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER , ,293 14, ,125 Church Hall Fund (share dividends) 11, ,351 11, ,129 Church Hall Fund (deposit account) Deposit accounts , ,701 11, ,556 Insurance Claims Miscellaneous Total Income 144,958 48, , ,683 72, ,815 Holy Trinity and St Mary, Hounslow Page 5

6 HOLY TRINITY AND ST MARY'S DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED YEAR ENDED 31 DECEMBER 2015 EXPENDITURE ON Costs of generating funds Fund-raising trading: other costs Cost of fund-raising events Charitable activities Donations towards mission outside the 11 7, ,870 6, ,699 parish Gift to Staff Contribution towards diocesan expenses 12 25, ,000 20, ,000 (Common Fund) Amounts transferred to new parish 26,734 1,000-27, Church Staff (full-time and part-time) 13 30,607 35,666-66,273 10,379 30,000-40,379 salaries Other Staff costs 1, , Vicar's Expenses 14 3, ,686 2, ,846 Payments from Weddings, Funerals etc. to Diocese Website/ Publicity 4, , Shower project ,691 1,747-3,438 Carpets (2,861) - - (2,861) 19,072 2,761-21,833 Toilet project ,739-29,739 Chairs 11, , Youth & Children's Team 2, , Sound System Upgrade 1, , Outreach (including Shelter Project and Lunch Club) Pastoral ,200-1,200 Worship 7,943 1,260-9,203 2, ,784 Thursday Fellowship (428) Waste 2, ,788 1, ,988 Catering 3, ,546 2, ,311 Alpha expenses , ,342 Special Events 1, , Parent & Toddler group Heat, light and water 9, ,698 10, ,695 Cleaning 9, ,790 5, ,741 Routine repairs and renewals 8, ,878 10, ,867 Depreciation 3 1, ,838 2, ,200 Insurance 4, ,526 7, ,693 Great Escape ,356 5,000-26, Printing, postage and stationery 2, ,388 2, ,839 Telephones 1, ,703 1, ,332 Bank charges 1, ,186 1, ,127 Professional fees (excluding audit) Miscellaneous 2, ,142 1, ,444 Soul in the City 1,394 1, Independent examination fee 15 3, ,878 4, , ,499 43, , ,856 65, ,731 Total Expenditure 199,499 43, , ,856 65, ,731 Holy Trinity and St Mary, Hounslow Page 6

7 HOLY TRINITY AND ST MARY'S DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED Net (Expenditure)/Income before Transfers (54,541) 4,764 - (49,777) (6,173) 6, Transfers between funds 8, 9 9,500 (9,500) (417) - - Net (Expenditure)/Income after Transfers (45,041) (4,736) - (49,777) (5,756) 5, Unrealised gains on investments Changes to the Holy Trinity Church Hall Fund due to the change in value of the shares ,988 3, ,816 14,816 Net Movement in Funds (45,041) (4,736) 3,988 (45,789) (5,756) 5,840 14,816 14,901 Balances brought forward at 1 January ,732 14, , ,649 89,488 9, , ,749 Balances carried forward at 31 December ,692 10, , ,860 83,732 14, , ,650 Holy Trinity and St Mary, Hounslow Page 7

8 E HOLY TRINITY - BALANCE SHEET AT 31 DECEMBER 2015 Note FIXED ASSETS Tangible Fixed Assets 3 12,425 14,262 Furniture and fittings Investment Assets Holy Trinity Church Hall Fund - CBF Investment Fund 4, 8 297, ,055 Holy Trinity Church Hall Fund - CBF Deposit Fund 4, 8 70,000 70, , ,317 CURRENT ASSETS Debtors Income tax recoverable 2,206 4,273 Prepayments 3,919 1,588 St Mary's - - Cash and bank balances Holy Trinity 19,217 54,300 Holy Trinity Discretionary 3,213 6,055 Petty cash Community Team - - Thursday Fellowship - - Parish Reserves 14,327 14,327 Total Current Assets 43,286 80,552 LIABILITIES : 6 amounts falling due within one year accruals & deferred grants received 6,894 23,266 Amount owed to St Mary's Total Current Liabilities 6,894 23,953 Net Current Assets 36,392 56,599 Total Assets less Current Liabilities 415, ,916 LIABILITIES amounts falling due after more than one year Net Assets 415, ,916 FUNDS Unrestricted 9 38,691 56,999 Restricted 8 10,126 13,862 Endowment 8 367, ,055 Total Funds 415, ,916 Holy Trinity and St Mary, Hounslow Page 8

9 F HOLY TRINITY - STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2015 INCOME AND ENDOWMENTS FROM Donations and legacies Standing orders (including giving for mission outside 46, ,227 31, ,035 the parish) Collections (including giving for mission outside 32, ,447 28, ,778 the parish) Tax recovered on gifts (covenants and Gift Aid) 16, ,068 12, ,221 Donations to Shelter Project Donations to specific charities - 10,695-10, ,200-1,881 Donations - Sundry (Candles, Coffee etc) 7, ,538 7, ,467 Donations - Alpha Weekend Donations - PA System ,417-8,417 Donations- Salaries - 32,065 32,065 27,000 27,000 Donations - Major projects ,500 32,500 Other Donations and ministry fees/gifts Donations from Parent & Toddler group Legacies Grants from Whitlock Trust ,000-1,000 Grant from Diocese , ,106 Great Escape 15,173 5,000 20, ,168 48, ,654 81,798 71, ,930 Charitable activities Fees from Weddings and blessings Funerals Banns Other trading activities Church Lettings 14, ,293 11, ,643 14, ,293 11, ,643 Investments Interest received from investments : Church Hall Fund (share dividends) 11, ,351 11, ,129 Church Hall Fund (deposit account) Deposit accounts , ,701 11, ,551 Other income Contributions from St Mary's for their Cleaning Insurance Claims Miscellaneous , ,288 Total Income 144,958 48, , ,997 71, ,129 Holy Trinity and St Mary, Hounslow Page 9

10 F HOLY TRINITY - STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2015 RESOURCES EXPENDED Costs of generating funds Charitable activities Donations towards mission outside the 11 7, ,870 6, ,079 parish Gifts to Staff Contribution towards diocesan expenses (Common 12 25, ,000 20, ,000 (Common Fund) Church Staff (full-time and part-time) 13 30,607 35,666-66,273 10,379 30,000-40,379 salaries Other staff costs 1, , Vicar's Expenses 14 3, ,686 2, ,846 Payments from Weddings, Funerals etc. to Diocese Website and Publicity costs 4, , Shower Project ,691 1,747-3,438 Carpets (2,861) - - (2,861) 19,072 2,761-21,833 Toilet project ,739-29,739 Night Shelter Great Escape ,356 5,000-26, Whitlock Trust ,200-1,200 Special Events 1, , Chairs 11, , Youth & Children's Team 2, , Sound System Upgrade 1, , Outreach Pastoral Worship 7,943 1,260-9,203 2, ,486 Waste 2, ,788 (428) Catering 3, ,546 1, ,988 Alpha expenses , ,311 Vicarage expenses , ,342 Parent & Toddler group Heat, light and water 9, ,698 6, ,317 Cleaning 9, ,790 5, ,181 Routine repairs and renewals 8, ,878 5, ,290 Depreciation 3 1, ,838 2, ,200 Insurance 4, ,526 4, ,582 Printing, postage and stationery 2, ,388 2, ,839 Telephones 1, ,703 1, ,332 Bank charges 1, ,186 1, ,127 Professional fees (excluding audit) Miscellaneous 2, ,142 1, ,442 Soul in the City 1,394 1, Independent examination fee 15 3, ,878 4, , ,765 42, , ,925 65, ,800 Other resources expended Total Expenditure 172,765 42, , ,925 65, ,800 Holy Trinity and St Mary, Hounslow Page 10

11 F HOLY TRINITY - STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2015 Net (Expenditure)/Income before Transfers (27,807) 5,764 - (22,043) (7,928) 5,257 - (2,671) Transfers between funds 9,500 (9,500) (417) - - Net (Expenditure)/Income after Transfers (18,307) (3,736) - (22,043) (7,511) 4,840 - (2,671) Unrealised losses on investments Changes to the Holy Trinity Church Hall Fund due to the change in value of the shares ,988 3, ,816 14,816 Net Movement in Funds (18,307) (3,736) 3,988 (18,055) (7,511) 4,840 14,816 12,145 Balances brought forward at 1 January ,998 13, , ,915 64,509 9, , ,770 Balances carried forward at 31 December ,691 10, , ,860 56,998 13, , ,915 Holy Trinity and St Mary, Hounslow Page 11

12 G ST MARY'S BALANCE SHEET AT 31 DECEMBER 2015 Note FIXED ASSETS Tangible Fixed Assets - - Investment Assets - - CURRENT ASSETS Income tax recoverable Prepayments 5-2,220 Owed by Holy Trinity - - Cash and bank balances St Mary's Parochial Account - 20,363 St Mary's Deposit Account - 5,711 Total Current Assets - 28,981 LIABILITIES : amounts falling due within one year accruals & deferred grants received - 1,247 Amounts due to Holy Trinity Total Current Liabilities - 1,247 Net Current Assets - 27,734 Total Assets less Current Liabilities - 27,734 LIABILITIES amounts falling due after more than one year - - Net Assets - 27,734 FUNDS Unrestricted (see Statement L) 9-26,734 Restricted (see Statement L) 8-1,000 Total Funds - 27,734 Holy Trinity and St Mary, Hounslow Page 12

13 H ST MARY'S - STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2015 INCOME AND ENDOWMENTS FROM Donations and legacies Standing orders (including envelopes) , ,276 Donations ,419 1,000-5,419 Tax recovered on covenanted Gifts and Gift Aid , , ,536 1,000-15,536 Other trading activities Church Lettings , ,483 Funeral fees , ,874 Investments Bank interest Other income Miscellaneous Total Income ,484 1,000-18,484 EXPENDITURE ON Charitable activities Donations to mission (including Welcare) Amount transferred to new parish 26,734 1,000-27, Worship requirements Outreach Insurance , ,111 Heat, light and water , ,378 Routine repairs and renewals , ,576 Cleaning , ,358 Funeral fees Miscellaneous Independent examination fee ,734 1,000-27,734 15, ,729 Total Expenditure 26,734 1,000-27,734 15, ,729 Net (Expenditure)/Income before Transfers (26,734) (1,000) - (27,734) 1,755 1,000-2,755 Transfers between funds 8, Net (Expenditure)/Income after Transfers (26,734) (1,000) - (27,734) 1,755 1,000-2,755 Realised gains on investments Net Movement in Funds (26,734) (1,000) - (27,734) 1,755 1,000-2,755 Balances brought forward at 1 January ,734 1,000-27,734 24,979-24,979 Balances carried forward at 31 December ,734 1,000-27,734 Holy Trinity and St Mary, Hounslow Page 13