Pydrochial Church Council of Holy Trinity Strarford-Upon-Avon with All Saints, Luddington and St Helens Clifford Chambers Financial Statements of the Parochial Church Council For the year ended 31 December 2020 Unaudited Registered Charity 1128665 Charlty Infom*tloD Annual Report Indep¢nd¢nt EwDiner'8 Report St•ternent OfFts￿d￿ Aettvltks Balanee Sbeet 11 12 ststernent of Ilo 13 Note8 to Ihe FiDan¢ial Statements 14 Old Town CV37 6BG IDd¢p¢ndrnl Ez•mth¢r lan Hol&x FCA First Flocr B3 3AX HSBC 13 Cbapel Stre W4rwicksbi CV37 6ET CAF BJDk 25 Kiw Hill AveD ME194JQ ANNUAL REPORT 21U• As with eV￿Y other (rganis8ts0fy 2020 be¢n an ￿T￿¢llt¢d year in the life of Holy Trinity Parish, Stratford up)n Avon. Due to the Coronavin￿ all of our artivilic4 in addition to Corp￿ worship. StoP￿d when lo¢kdov4n fiT5t kicked in in March. As a Church w¢ inllllediately 5¢t up a comprehensive telephone and offeThl help vAth f￿)d sboppnig. As th¢ wKks wcnt by, various group5 within the churc such &8 home group& the choir gnd drama group. 8¢¢ Ine¢tin8s; and the business of the p￿0¢h181 discuss OFerntional issues relatin8 to Covid rt*iCti(X￿ and to look It our finall￿$ in the light of the suddcn drop in visitors to Strarford uwi AVO￿ ￿l¢b had a huge ]m￿t on our income. Once church¢s wtrn allow¢d to o￿n their buildin84 Hoty Trinity F￿5 Op￿ for a couple of hours each day to encournge visitOT5. Initialty on¢ scrvirx a Sunday was broadca# (diD4 and onc¢ th¢ cOn￿gatIon was aJlow¢d into th¢ buildiD8 in septemi￿r. alkit okning S￿la1 distancin& ￿ were able to live-5trNJn our main s¢rviex. Th¢ two villa8¢ thur¢hes in our pwish eveDtualty opened for praycr for a fv*V houTB h wc¢K Ind w5th a Scryi￿ on alternthg Sun(hys. Some of these activiti¢5 wcrc put on hold when tho 8¢con4 lockdovrn took plwA in Novonber. Througbout the pandemic we continued to publish our monthty magazin¢ 'Trinity Times,, onlille ODd wtth some winted copi¢5 delivered to those who a not on the intern¢L A delay￿ Annua] Churth Meetin8 held in Octotw via y￿)m. Th¢ Elect(ral Roll numb¢rcd 340. Of these, 300 are fr[￿ Hoty Trinity, 18 fr(ffn All Saints.. LuddAW attd 22 fn)m St Helen'& Clifford The 2020 figur¢s for baptism4 vn(kliDgS and fuDerth are As follows:. Bapti8mB: Weddin8S: Services of Ble&8iQ8 9 at Hoty Trinity. 2 at All Saints. 8 at Hoty Trinity Funerals: IS at Hoty Trinity. 4 at St Helen'4 3 at All Saints, ]nternient of Ashes 4 at Hoty Trinity Cremations 4 at CW WO￿ i It Robiti H￿d Ind 4 at the V￿e The Ministy Leaderthp Team consists of three cler8y. one of wbom is self.silp￿ thc Children & Families Minister, who is 8]so a Re4dff. They are abty supported by sxx r¢tired clergy, and on¢ pwson who has the Bishop's perniission to ￿ea¢kn. Chw Vicar is also Joint Area Dean for the Fosse Dellnery. and #Il three cler8y ate bc￿ chap]2ins to the Royal Shakespeare Theatre. Two memben of our church are governors f(rHoty Trinity Primw SCI￿OL alon8 wftth the Vicar. During the fjrst lockdown in marc￿ we I￿re able to put our employed staff onto the Government Furlough Scheme. The role of three members in the wish office w89 miewc4 and the reconfi8w¢d job was offered as one parish •dmiillstrator on an a￿LL￿ fvll.time basis. As the summer progressel it b￿e clear that due to the lack of visitors to see S]￿keSPeare,$ grnve. our ijrne was not sufficient to meant that in ordw to OF¢n the Churc￿ now have & tram of volunteers OD duty. who mak¢ 5urc that Covid Trstrictions Are adbered to and the church is thorougbty cleaneil Special mention should be made of our cburchw&rdeDS: Hilda Cr81& Paul La￿ Hilary Newm8ffj Rhod Mi¢chell- and newty sp￿IllIed in October, Helen Warrtllow and Gill Pric& (hr thanks also go to Mike Secretary to the PCC. SAINTS, LUDDINGTON AND ST HELENS CLIFPY)RD CHAMJERS ANNUAL REPORT 2020 (hr safeguarding policy is display￿ the Church websit4 alld all tnL%tees. employees and volunte¢rs involved in activities with children or vulnerable adults have valid DBS ¢¢rtificates. All records are kept strictly in accordance with the General Data Protedion Aci. Thue have not been ally serious incidents- and a risk maDagem¢nt stralegy is in pl￿. The PCC'S ￿ndS wmprise those of Hoty Trinity. All Saints. and St Helen's churches which 3r¢ managed scparntety though the accounts are consolidaknj at the end of the year. Holy TrlDIty fvnds By far the largest resource movements relats to Holy Trinity. The church's unrethctyl funds are spli¢ by designation, into the Patt￿h181 Fund (effectivety the PCC'S general fund which covers all current activities of a strictly panKhiai nature including the cost of ministy. Music ¢lc): the Restorntion Fund which covers the day to day rnaint¢nance of th¢ church buildin8 and its ministy to visitorslh¢ritag¢ function &s well &8 its actual restoration" the PaTish Hall Fund coveTill8 rentsl iocome and day to day costs of the Parish Centre. the Legacie5 Fund which is self•explanatory and used for specific capitsl costs. the Social Fund using the I￿0¢¢edS of events to fu￿¢¢ th¢ church's life and raise money for projects and the Communty Fund enabling grants to be giv¢D to individuals in D¢ed from a tithe on the church shop proceeth. There a￿ some smalL restricted which are detailed iti the annual a¢￿￿nty and som¢ of which arc referrd lo below. Major projects at Holy Trinity in 2020 includc the installation of AV cquipment in the Parish Centre (£11.244) and in the church (£22.653) - both partly funded by a number of generous donations from members of the con8re8ation. This allowed b)th the live streamin8 of Se￿ICe8 and for members of the congregation attending services in church to share the same conlent as was being s¢¢n at hom< essential as the church was closed or severety restricted in the numbers worshipping in person for the majority of the year. Not only did it allow those unabk to attend kn maintsin contact with the church, but also widened our reach to people who do not nornialty attend Holy Trinity. While the pews were more widely spaced for soci81 distancing requirements, the floor sanded ￿MI sealed (£8.800) and electrical repai completed (£5,IMI). A new carpet bas been itistslled in the ringing Ch￿nber funded by the bellringing As regards day to day income and expendititre on the Restorntion Furf doDations from visitors to Sh8kespe8re's ￿ve decreased by alK)ut £245,000 (85Yo) to some £42.000 for the year reflrfting the Covid restrictions that were in placz from the end of March. Shop sal¢s reduced by £67,500 (870/) lo just below £IO.000. The fimd showed an in-year reduction of £84.000 and ended the year at around £161.500. There Tryllain si8nificJnt requirements for futu￿ ¢xpeoditure. ftff example on the north gabl¢ cnl south aisle roof. th¢ biff house in the thur¢hywd. Th¢ Parish Hall Fund also suffer¢d as th¢ Parish Centre was UDavailable for external lettin8. Th¢ fund r¢¢orded a deficit ofjust ov¢r £7.(K)O in thc year Wb1¢￿ tO8dhtt with the historic deficit on this fund now stand at £57,0(Kl. The Paff*hial Fund began the year with a sury)lus of around £28,0(K>. Income from regular giving has remained constant at around £114,000 Iplus around £30,iKIO ￿laIM Under Gift Aid) yet the prop)rtion ￿tti8 from standing orders increased 5P/o to 740/• as pwple have switched to belp maintaln giving. Donations from the collectlon plate have declined by ne8rty 80Tr/0 to £3.6(KJ. Donations for use of the chwch for concerts and similar events r&luced by S4Y/• to just over £l.000. The fund continues to meet the majority of the salary of the Children and Families Minister. with th¢ ren)aAnder met from other funds. Reflecting the severe reduction in illc4)me, the Parish olAailleA a Grant Share Reduction from the Di(￿¢S¢ reducing our Parish Slwe by just over £24,(N)O to £113.424. Th¢refor4 while the Parish continues to pay its full cost of clew, contnl)ution towards the Di￿¢sAn sup[￿ Fund w signifi&qlltly reduced. Ivhile there was a very px)sitive resp)n5e to the Stewardship Appeal at the end of 2020. it is ckar that more work is wired to seare the loDg.terni fuhre of churth and ministy. The fund vms aiw)ut £2&000 in deficit iti 2020 and thus a bala￿¢ ofabout £650 goiu8 forwar The r¢strict&l Lwcies Fund h&8 r￿e1v￿ a totsl of £1.820 in 2020 which bc devoted to various projects in hand. Trinity Playus Fund It￿18ed by al¥)ut £500 largety relating to dOnatiL￿8 followin8 the FM)stwnement of most of wbich again be don￿￿ kn 4)n8oing w)je£ts. The (restric￿1} investm¢nt incame St James's Tn￿ plus house rent4 Prov￿ just sufficient both to meet thc Trus¢'8 pri￿1P￿ r¢SWX￿lbIlity of maints1￿ cl¢rgy housing and office space and to contribute th¢ stipend of th¢ Children Families Minister. The cth ball￿ at the year's end wL8 approxim¥tety £5.4(KJ. and investmert holdings ranaill ¢nou8ts to kYth4uee a very modest income along The r•Jnaiw approximat¢ty £2.000 withiti th¢ Youth Fund WAS us¢d to siwt th¢ Childr¢n and Families this fund has now be￿ close41 OtIKr rcffjtrirt￿ fimds bav¢ MO￿ sbovn negjigibk mov¢menL Donfttions and LX)llections for ¢FJaritsbl¢ purpoms w•Th limit￿. The w•Jk.through forni•t of Christs 8ervice8 w49 very ￿1] ￿1Ve￿ and donations {ODd I￿0¢10t¢d ￿ft.*1dj of q71X) wett (w¢ devLXed to the PCC'8 ch08¢n charities. All Salntsg fun All Saints. funds compris¢ a Gery¥7￿ Fund *lld A reAtri¢ted Villa8e Fthic together with thr¢e oth¢r very small restrictsj fun4 one wovidiDg books for Sunday School childrry (ne supporting ¢hildrcD'5 work mor¢ 8encralty (CUTh¢Dty ijjartive), and • Flow¢r Fund ¢#ablisb¢d following a legacy. The General Fund investments appreciated by £3207 it mD4ios healthy * about £68,0(X). The reStr1¢t￿ Village Fabric Fund also remai￿ healthy •* 8ix)ut £22.0(M). St Helu'i fand8 St Helen's fund8 compri8e a G¢n¢rnJ and a R8tri¥*d Fthic Fund The General Fund in 2020 showed a 8urplu8 of £2,680. and the ikn is now around £IOJOO. Tr Fabric Fund showed a sury)lus of £5,894 reflectin8 the litnit¢d Icv¢l of r¢storation and UP￿ wolk and now stands at £16,668. Alongside wbich may ￿ counted the r¢sourc¢s 88therd 5¢P8rntety by th¢ Friends of St Helen's towards restoration of the buildin8. PCC bdance ikeet The overall iMIance sbeet at the end of the yar Stood at £294,688. a rthion of £102,532 on th¢ previous year. Iwty retkntll18 the 10&8 of dotittti￿ frnald Mrs Ruth Poult¢n Mr Mark Sayers Mr Mik¢ WarTillow frcrtn Cktobtt 2020 Mrs Jalle Beeley Mrs AD8cla Wyla Mrs Pat Woo]viti till 0th 2020 frThn O¢tob¢r 2020 Dire¢tor of Mu8ic (frnm January 2020) Mr Phil H8ry Chilthn & Families Minist¢r f PCC mem Charity IAW requlres the Members of the PCC to pr¢p4r¢ fuwnriol stytem¢nts for e￿ finan¢iAI year, which give a In￿ and fair vleiv of the disFXJ$ition of the funits at the end of th¢ fllwicial year and of th¢ finoD¢ial tr8nsactiong forthe year. ID pr¢pRrmg these fJnBDcial stste4ll￿ty the m¢mbers are required to: Sel￿t suitable accounting ￿11¢1￿ and thett appty than c4)nsistenty, SAINTS. LUDDINGTON AND ST HELENS CLIFFORD CIIAMBERS AIYNUAL REPORT 2020 make judgements and estin)th tILat are reasonable and prndeDL state whether applicable accounting st8ndanls have Ixen followrf subje¢t to any matsrial departlires disclosed and explained in th¢ fuwicial ststemen prepare the financial ststements on the basis that th¢ Charity will continue in operntion unless it is inappwt¢ to wesume thi The m¢mbers are resp)￿ble for keeping proper accounting rewrds to enable th¢tn to ensure that the fuwicial Stateme[￿ comply with the Statement of R￿mmended Practic£ and the Charities Act. They are also r¢sp)nsible for safegwding the &￿ts of the Charity and hence for tsking st¢Ps for the prevention ond detection of fraud and other irregularit*s. The memttrs have refeTrtA to the guidance Lx>ntsined in the Charity C(xnmission's 8¢nml guIdw￿ OD public benefit wh¢n r¢viewing the clwity's aims and d>jectives and in planning future activities. In pJrticu18r, they have rA)nsid¢red how plant￿11 activities will contribute to the aims and objectives set. Approved by the PCC 0• 9 M•rch 2021 And 8lgDed on tbelr behalf The Reverend P4lri¢k Taylor IPCC Clthlr) AVON WITH ALL SAINTS, LiJDDINGTON AND ST HELEI¥S CLtFFORD CHAMBERS I r¢port on th¢ financ￿ Ststonents of the PCC ts the year ended 31st Decemixr 2020. which are s¢t out on pages I I to 28. The trustees (who are also the diTcdoTr of thc comptsny for the purpM of compHDy Jaw) are responsible 2(X)6 ('the 2006 Act.). Havin8 satisfied my8¢lf that tho fina￿la1 ststcments of the charity are not required to b¢ auditd undcl Part 16 of the 2006 Act and are eligibl¢ for ]Dd¢￿￿ ¢xaminthotL I rcwt in respect of my examination of the Charity's fitwKiai statements as caffiwj out under 5￿tIOn 145 of the Charities Act 2011 (the 2011 Act). In carying out my ¢x4mination I have followed the Dire¢tion8 8iv¢n by th¢ Clwity Commission under Section 145(1)) of the 2011 ACL This worl incI￿An8 my statemety hos iK¢n prepoml fty and only for the ¢harity'g tru5tee5 as a boty. My work has been undertaken so that I might Stre to the cbarty's trustc¢s those matters l am requirnd to state to in aD IDd¢￿Tra¢￿ ¢xaminer's re[￿ Ind for 00 (rther purp)se. To the fullest extent p¢rmitt by lttw. I do ncrt W or Lsgume regw)nsibility to ally0￿ irthpJ than the charity aDd the charity's tnths Ba•1• of1nd¢￿Ad¢knt ¢xAmlner'• re￿rt My examiDAtion carried out in aC￿rd￿ with thc 8¢D¢ral Dirertion5 8ivcn by the Charity Commi8sioTh An examiDation incluths a review of the •C￿￿tIng rer￿ kept by the chBrity and a mprison of the fin￿￿la1 stat¢m¢Dts P¢SMttsl with those r￿OrdS. It also include9 considerntion of any ¢on¢erning any such matters. Th¢ pr¢￿￿U￿S Undth￿en do not provide all the evidence that would b¢ requird in an audit and consequently no opinion 15 given &$ to whether the fi]w￿l&l stat¢m¢Dts present a 'tsue and fair vi¢w' th¢ re￿￿ is limited to those m&tt¢rn s¢1 out in the statem¢Dt below. ## Ian Holder Ian Holder (Mar 15, 2021 09:02 GMT) Mar 15, 2021 SAINIS* LUDDINGTON AND sr llELE￿S CLIFFORD CHAMBERS For the y￿reDded 31 DecemlKr 2020 TotAI fllndj fuDd# 2020 2019 COME 2b 180.826 67.701 35J23 3,478 43.754 224J80 67,701 37￿36 1¥91 332.594 405.863 638 13.655 2.513 10,113 TOTAL Tr750 116.488 731 117319 205,308 Cb•rltsble Adlvltleb 3b 3¢ 3d 434 248.988 50.3f2 4245 28.603 825 679 277,S91 $1307 13.078 375,644 46,702 A¢tiviiies Telat¢d to WO￿ of church TOTAL 414292 X404 450,696 640,732 SURPLUS I (DEFICM BEFORE INVESTMENT GAINS I LOSSFS (12&964) 21876 (i( 112,018 Inv•g¢tn¢nt S￿￿00￿￿) 4h56 10,209 NET INCOMllYG l (oirrGOING) RESOiJRCES (125964) 23325 (101532) 122227 (10,904) (114793) iU61 (IOU3¥ 122227 Balanu brougbt ftThard l JllDu•ry 2020 903 397220 274,993 BALAI¥CE CARRIED VORWARD 31 December 2020 1923 101473 294688 397,220 The notes m wes 14 to 28 forni t￿rt of these fAtancial The lo¢alioti of the SOFA forthe priorwK*l i￿]D8 iti JYAe 2& PAROCHIAL CHURCH COUNCIL OF HOLY TRJNITY ￿TFoR[￿uPoN.Av0N ￿TH ALL SAINTS, LiJDDINCTON AND sr HELEN'S CLIFFORD CHAMBERS BALANCE SHEET ￿ *t 31 Dttember21I20 2019 FIXED A&SETS T4n8ible Hoty Tiinity Inv¢sim¢ni Hoty Trinity All S&ints Helc 18991 49*41 17.769 383 69342 64.786 69342 64,786 Sio¢k 32NI 33,621 37,898 Hoty Trinity 109h97 33,168 13m3 174,362 33.172 13.OJ9 St HcleThs 155938 220.593 at b4nVin hthd Holy Trinity All ￿l￿ts St Hcla 2411 7J6 60.761 8.567 9.475 78,803 XIL044 299.396 CRLDKTORS: AMOUNTS FALIJNG DUE wrrHIf4 ONE YEAR (4194) 138,481) NET CuRjiE￿ A&SETS 332,434 NET ASSETS 294h88 397,220 10 Iloly Trmity All Saints St Hckns 113ffj75 194 237.707 61,635 19UiS 307,(KJ8 Restricted 56.608 22.830 10.774 All Saints Sl Helens IOU73 90,212 397.220 Approved *ttd authortwd for Iw by IhtPCC 0• 9 M•rth ￿] and $i8Ded Ojb th¢lr behAVby: P•trkk Taylor (V. r> owol *•yrer) 12 NOTES TO THE Fll¥ANCIAL STATEMENTS For tht y￿r ended 31 Dettmber 21120 STATEMENf OF CASH FLOWS 2019 N•t t4•h Pr￿Ide$l byl (•••d th) op•Y*t* •¢llvlts (w• ￿9) (iiiw) 11)2,114 Cuh noTr¥ fro￿ Inv•rtllli *rdvllkn.. 13.635 (17,323) 719 N•t ¢Mb Iw•d l*ypr•vld•d ty l•v•rtl¥ adlvld iiaio N•t pr•vld•d by •thlthi Cb•Dy ID ¢A•h ID Ib• reportlmi yrkd (97J521 299J96 201.132 Cub ** éttd of report* pth•d 299J96 13 PAROCHIAL CHURCH COUNCIL OF HOLY TRINrrY sTRATTry)RL￿UP0Frf.AvON WTtH ALL SAINTS. LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBERS NOTES TO THE FINANCIAL STATEMEfqTS For the yur ¢nd¢d 31 Detembtr 2020 AccouNrING POLICIES The fin8nciai strtrmeDts have tt¢n prep￿1 in with the Church Accounting Regultitiotts 1997 18 arn￿ded ty the Church Am)UDtiDg (Amendm￿1} Regulations 2006 together with applicable UK Aceoutttitig Standard4 inch￿Illg the FiDwJcial R¢wJrting Standard 102 (FRS 102). and the Statetnent of Rec0￿Coded Practice October 2019 (FRS IIY21 The Odober 2019 edition of th¢ Ch8rities SORP (FRS 102) includes ameDthnellts arising from the Financial Reportin8 Council's trieiinial review of the standard. TheTe is no rnaleri￿ effect on the amounts rtU8nised ID these fllthn¢ial ststements as a resuh of ad0F￿n8 these amfflthnents. The financial statements h8v¢ been prepared under the bistsyrical cos¢ ¢ottv¢ntiott ex¢¢pt for the valuation of itiv¢stinent assets. which are sbown ￿ Inark￿ w4lue. Th¢ finAttcial stst¢m¢nts 4r¢ prepared io swling wtrtich is the fimctional cU￿t￿rY of the ¢harity. The PCC constitith a public benefft enitty as defmtd by FRS 102. Mejnbers of the PCC Consid￿ that thewe art tso matrrial unceftsiniies ab¢yJt the PCC'S ability to ¢oniinue &$ a going C￿¢¢m. FuJd$ General funds represent the fimds of th¢ PCC are Dot subject to any resiri¢tion5 re8arding their us¢ and are available f(f applI￿tiOn OD th¢ gmeral purposts of the PCC. Funds desi￿ for a particular pury)ose by the PCC are a150 UDTestrir*d. The x¢oytsts in¢lude all tr￿ •S5¢ts *)d liabilities for wbicb the PCC is Ttsponsible in law. They do rtot itielude the TaOUDts of cburth wps th• owe their main affiliation to another body or those th#t w¢ itiforfft]Jal 8thttin8s of cburch m•nbers. Income Donaliom income ondc¢7pilolsources Collectiolls are recognised wben T¢￿1v￿ by (r on behalf of the PCC. Plaw*d 8ivin8 Teceivable under Gift Aid 1$ reW￿ls¢d onty wben rec¢ivvJ. tsx rtcovrt&le on Gift Aid donations is recognised when the iticome is Yeco8DiSed Grants le￿ie8 to the PCC are Tuounted for as soon as the PCC is DOlifi¢d of its legal entitlem¢nL th¢ amount due is quwjtifiable and its uhimak receipt by the PCC 1$ probable. Funds raiqed by fundrwing evell￿ Ind sales frrm the church sbop. are accounted for gr05S. Other incorne Rental Income from the lettiDg of ¢bur¢h is rec08n￿￿ wben the reLtAI 15 due. Incomefrom inveslments DivideDds are accoullted for wben due and Fwbl¢. intyes¢ entitlemeots are p*¢￿teA for as they accrue. ADY r¢¢over8ble on such inc(qne would be re￿iSed io the smie aCr￿U￿tIng year. Gains and losses on Inve5tMerrfS Realis¢d gaiD& or losses are reC08Dis￿ when itiv&%thients are sokL Unrealised 8aiDs or losses are 14 For theye4r end¢4131 Detemlw 2020 f4)endltsre Liabilitiey are T¢cwis¢d aj TeJOU￿ expenthl AS soon as thext is a legal or e4)n¥trudive obligation construdive obliwiott rn the PCC C¢)tsse¢rnt¢d of w kind is exchmkd frthll tho ￿to￿ts by &lO of the Chariti¢g Act2011. Movabk thurcb fiunishiD8S beld by the Vicar aDd ChurrhwudeDS on spxiol In￿1 f(r the PCC. and IDuli¢n4ble prroety ocquired wior to 2(KKI there is iDsuffi¢i¢nt ¢wt infonn*ion 4vai]abl¢ tnd th¢refor¢ such are ncrt valued ID the xcoullts. wuir&l sin¢e l Jalluary 2(￿ bave bc¢ll ¢4)ityliwl and de￿e£lIttd ID the a¢¢ounts ovw their aDticipthJ u8efvl ¢c*)nomi¢ life on a movable cburcb furni5hmy xqwed b¢for¢ l janu￿ 2(th is wtitten off. Clew hwes The clergy hou8¢ rt 3 CoLW5 Ck*e is the iyoittty of th¢ St JameB'S Th)st of whi¢b the PCC are M￿•s1ti8 Iru8t¢M. h ki ref¢￿ed to ID the afflxbed Notes (N(Ae 10) but is not valued A$ 8 PCC ￿*t. The clergy house & 2 St John's the of the PCC. 18 valued at purch￿ ￿1¢¢ less depreciati￿ on a mi8bt.IiD¢ besij ovu 10 ye4t& A$ 4 Nxentwi (fernti￿nI propeity it bas not been OtherJ&tru.fvlpy offlce ¢￿1PM￿ EquipmeDt used within th¢ churth 1$ iD gtheral depreciated c￿ a gtrlight.line bAsis over 10 years. Jndividuol items of eqUiFrfDtlll with a pw¢hase priee of £3,(￿ LY less art written off when the Curre•t wets Amounts owltig to the PCC At 31 December sti mpe¢¢ of fw T￿ts or other ineoJn¢ w¢ sbown short.tenn depsits in¢bJd¢ ¢&sb held on depxit either with the CBF Chutth of EW Funth or at 15 PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY STRATFOR1￿ljFON.Av0N WITh ALL SAINTS, LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBERS NOTES TO FINANCIAL STATEMENTS For the Y￿reDded JI Deeember 2020 ReDtsls payable under operthg kases aTr ¢knarg￿ OD a straight line basis over the terni of the lea8e. PensloD Scheme Penilon Scb¢me The PCC partictpat¢% in the Pensi￿ Buil(kr Stheme sedirn of the (W Workers PensioD Fwid ICWPF) for lay staff. The Scbeme 18 thinistered by the Church of Ell8knd PeDSiCQ)s Boart which holds the a￿ts of the schemes separately from those of the FJnplOY￿8nd the othq participatsng employ4X The P¢Dsion Builder Sch¢zne of the CWPF is up of ¢wo section4 P¢n5iOD Builder Classic and Pension Builder 2014, both of which are c]&ssed as der￿ed ben¢fit scbem&s. Th05e employ¢e5 of th¢ PCC who are elI￿￿k for support tywaTds pensions are mernbers of the latter. Pension Build¢T 2014 is a cash balance scheme that wovides a hunp Sum that memb¢r5 use to provide benefits al retirem¢ni. Pension contnl)utiOD5 are recordtya in an P￿ount each melnbtr. This 4ccount may have bonuses added by the Bo&rd befo￿ retirem￿¢. The ih)Duses depend 00 Anvestsnellt experience and other factors. Th￿¢ is no requirnnent for the B(wd pant ￿Y ￿￿￿$¢$. The I￿0￿)￿ any bonuses declorf is payable from members. Nonnal Pension Ag¢. There is Do S￿￿1VISion of ￿Sets btheen employen ID eacb of the Builder Seheme. The ￿￿eMe is a mu1tiomp1oy￿ scheme L8 de5cnW in Section 28 of FL8 102 05 it is Dot Possible io allribute the Pension Builder Scheme's assets and liabilities to specific employers. Thi5 means that contributions are &ccount¢d for as if th¢ Stheme were a defi[￿￿ Clinth￿tiort 5cbeme. The P¢DSion's costs under this ￿h¢m¢ ¢harged to th¢ SOFA in the year are ¢ODtributions payabl¢12020: £5294, 2019: £4.799). A valU￿10n of the Pension Builder Scheme is ¢attied out (￿¢ evay three yt4r8. The MOA rec¢Dt ¢anied oui u of 31 D￿ernber 2019. For the Pension Builder 2014 Section. th¢ v￿Uall0ll revealed a swplus of £2.3m OD th¢ ¢)ll80in8 assumptiony used. There is no requirement for defi¢il p￿￿ents at the cumt time. The 1¢8AI stsN¢tUTe of the Sctr￿le 15 such that if another employer fails, the PCC ￿ld be￿￿¢ r¢S￿nSIble for payin8 4 sbwe of that employ¢r'$ pension liabllit Th¢ Charity only has fU￿￿la1 &qsets and flljancial liabilities of a kind that qualify as b￿1¢ fmancial instruments. Basic financial in5trwDents are iDitialty recogni8￿ at trnnsaction va]ue aDd subsequently measured 4t thtir settl•Delli value. Judg¢meDts *Dd Ertlma¢knJ The trustees hav¢ oot rnade any Si￿lfi￿lI jud8ements iti the process of apptying the &e¢ountill8 N)licies and there are tto ar¢*s of estimarion uu¢¢rtainry that have a significant risk of causiD8 a Jn4*rial adjustsnent to th¢ C￿108 Qmouots of assets and liabilitt 16 For the ytsr eMdeA 31 D¢tethber 21no COME I￿.820 67.701 35J23 3.4n 43.754 245289 87JOJ 331591 405163 631 13.655 67.711 37836 13391 1513 IQ113 I￿52 11fy)3 34711 653.442 752.750 11731• J35 Cb*rii•bl¢•¢dvJO¢1 3b 434 4245 213 514 iiw 87.130 1.495 13,071 375.614 3d 45307 S39242 101.4 610.732 21J7fj J142QO 182> 102c ET ￿C0￿L￿￿O(WThG) RE80URCES Ii•U32) 121J49 678 122227 641 (1.049) 14793) 122J91 P71) 122227 317 2ts 32• J83 274.993 202011 J•NwyX)19 192J J8 212 39722Q 2919 17 PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY STrATFOR]￿￿￿Y>N.Av0N WITh ALL SAINTS, LUDDINGTON AND ST HELEN'S CLIFTrDRD CHAMBEILS NOTES TO THE FINANCIAL STATEMENTS FOT the ye4r eNl¢d 31 Detember 2020 2b INCOME FROM DONATIONS AND LEGACIES Totsl fuTrd$ 2020 2019 Planned giving Income tax rewverryj Collections 121,922 3L134 SO85 3,049 15ffj15 121,922 34.946 3,085 13,903 41J36 1020 1730 2,038 124,978 34.012 27,269 50,056 61,072 7.500 8,311 19.396 1812 10054 2S921 1820 1108 239 Legacie5 022 U99 180026 44754 332,594 ll¥COME FROM ANCILLARY TRADINC Uttrutrleted Restrkted Totsl funds 2020 2019 Magazin¢ Shop and ¢han¢el Churth ball l¢lliti8 Ftts 1153 51,6YJ 2,153 51,659 5089 3,023 363,576 22,233 17.031 67,701 67.701 405.863 2d INCOME FROM INVEsfMENTS Unrthrlcted Restricted Fuuds Totsl tsnds 2020 2019 Dividends and llrt¢Yest 1478 2,170 5.769 7,886 7.943 1478 10,113 13J91 13.655 18 For the ye*r ended 31 D¢eemlxr 2020 Totsl fvDdJ 2019 foBd$ 911 19,781 9S796 911 19,781 9S796 731 3.080 27230 172J85 2.613 Shop aTrd chAtt￿l costs 731 731 117319 205,308 TotAI fvod• 2019 4345 679 13,078 (see Dote 12) Otber (*e Jth 13) 4679 13,078 ACTIVITIES RELATED TO WORK OF CHURC Total fllndi 2020 2019 r•DdB J13h24 IW2 113824 JJ42 145,332 4,483 445 27.701 47.616 74.459 4.571 637 30297 38.878 1225 Ministy: cler8y ¢xpenses Mitiistry: clergy housing 27025 .199 IL932 iJ28 27,823 43J98 13.055 199 1,123 Mission aod LMrtreKh Chiidren ￿dyOung pw)le Cboir and OT8alliSt Major item5 (sce nol# I l) 1&786 1942 20,728 5S741 277J91 375,644 19 PAROCHtAL CHURCH COUNCIL OF HOLY TIUNITY sllL4TF0Rl￿uPON.Av0N WTTH ALL NOTES TO THE FINANCIAL STATEMENrs For the year emded 31 Detember 2020 CErn ADMtNtSTRATION Tot*1 fuDdJ 2019 nds 2020 Printing and stationery Telephones Salorffiei traiDill8 aDd sunthies 1145 1.674 1145 1,674 47J88 5.721 ,531 39.450 51207 46.702 Governartce costs of th¢ ¢hwity, Strictty defme4 are negli￿lJI¢, as vtiTr41ty all governance is ￿￿1¢d out by clergy (who art not PCC employees) or voluntttr lay pw)k. A v¢ry Sm￿1 proporrion of costs Such as srationery and telepbon¢s could be attnbutrd to the govemart¢¢ futsdion lyjt it is notiYactic8ble to identify these within the 8￿¢￿1 costs of cxntraj admlnistration. Those co5￿ as 9a Out th)ve. include also a prowtiOD of salaries of e¢rtaiD Staff. Other salaries iu¢JudtsJ within-cost of raisin8 funds" since they relate rnainty w mots¥giug the cbvrth &8 a visiwr auradion. Where staff and s(ffDe otber supp)ft costs 4Te split between function4 this is OD an eslimattd-time b&sis. "Support costs" are difficuli to quantify sepwately. since all staff have a public-faciD8 function and ar¢ thus pKt of the church's ministy Js well as providin8 SUPPM to ministy. INDEPE1¥DE￿ EXAP•llNATION FELS The PCC orrentty falls below the statsw thre5bold fcff fjjll wJdi( and the a¢couDts were therefore simply indeFtndenty examifted by lats Hold¢r of Mazars LLP who have ciwducted ind¢pendenl ¢xaminatiODS for several years. A provision of £3.960 includin8 VATwas made for this in the a¢¢ounts {included in 3d Above with1n.sundri￿.). 20 N(YfES TO THE FINANCIAL STATEME For th¢ year ended 31 Decemlxr2020 STAFF COSTS 2019 166,749 4336 4,799 5294 4781 14JJ96 175,884 P•rt and full time emphytts (h]kthne avw4¢) RepreseDting￿ of I l (20J9: 17) over the year Vlhile the Children 8Trd Familieo MiDist¢rwts employed full time thrnughout 2020, th¢ OF¢rntionJ m￿88¢r, th¢ Din¢tor of Mugi4 the AssistUDt DireW FROM OPERATING ACnVITIES 2019 N¢t wovemeDt infill (IOU32) 121227 1.225 (10,2CV)) (13.655) I212￿) 23.816 (4.456) (13J91) 25204 (163871 Net caih provld4d byl(•••d Im) opor*tl¥*ethlll 111,662 101114 r4 r4 c> %ll! JO: '4'i'li NOTES TO THE FINANCIAL STATEME For the yearended 31 De£ember 2020 io. FUND DETAIIS (Cottthiued) Unrestricted fvNds- Hoty Trlnity The Parochiai Fund is Hoty Trinity's general devotroj to the mission ood ministy of the paTish. Its principl sowces of income are congregational givin& other don4tiODS and po[￿bi￿ re￿ aDd most of its expenditure is on the cost of the miDisty staff Ougely via the Dio¢w¢ through P￿lsh Share) and ¢hurch music and w(ffship. The Restoration Fwid is deyotryt to the upkeep, maitiienattce and restoration of the church building and the ministy to visitOT& It eaTDS PTizwily frottt visits)r th)n￿l(￿s/¢0￿trIbutiOns Ind sbop y￿e$. gnd that xncome is spent mainty OD day-to4ay costs - th¢ buLk of wbi¢h costs relate to keeping the church open for visitOTS and are therefore to this Fwid rnthtt thatt ¢0 the P￿￿bi¥l Fund. The RtsiDrztion Fund WODld noTmaUy io that w of Parish Sh8re which is relat￿ to tht PCC'S unrestricted income. With the lack of vi3itrAs ID 2020. this did not hgppty. Any $ury>lus is Th¢ Lega¢ies Fulld benefits from the of Unre￿￿ le8aci4 wbich the PCC spends The Parish Hall Fund receives iDcome from l¢Uings and 41so notional It￿ts fJom otber pans of th¢ budgei all of which is spent on the adminis(ratsoD and upkeep of the Parish Ceotre. Its historic ¢kficit tl¢cts th¢ difficulry of keepin8 pKe with repau needs on 8 building of thi8 Iiatsut. The corn[n￿lty Fund reFYe5¢Dts funds disbuYs¢d to indivithmls andlor kKal cbarities for th¢ relief of nee(L Its principal sourc¢ of itThme b&% be¢tt a tenth of net shop proc¢&ts 08 the Shop hos b closed for the majority of the y¢￿. theff is no itic•ne reC￿ded this year. UDrestrleted fuDds- AU Salllts The General Fund 1$ 8elf-explar￿ory. Unrestrleted fuDds- St Helem'i The GeneralF￿￿ is ze]f4xplanaiory. R#trltted fuDdi- Hoty Trlnlty The P8rochiai Fund frequen￿ re¢eives donati￿ the pt(*eeth of special collections etc, which are restricted to specific Cau￿. So f¥r as [K)ssi￿le these are PAid over within the year Wh￿ rettive4 but this 15 not a]ways possible Ind th¢ Fwid h&% therefo￿ raumulated a modest balaDCe. The xamiulated incLYne frcon the St Jame3. Tnut is alto rwained in a sepw•t¢ Fund. Current investttteni iticome ond interest from the Tn￿ iogeth¢r with the rental from M¢ h¢)use. is devoted primarity to the matntenaoce of ¢ler&y bouses ID accordan¢e with the Trnst'$ objectives.and now. 5econdarity. to ￿]sts￿8 with the stipend of the IAY Minister f(r with ¢hildren and faTnilies. The Trinty Vol￿S fimd repre5¢nts costs to provide f(Y aiytiior ¢hoir. The Mary Pickiti Fund represents a legacy intend￿J S￿Ific￿llY for th¢ purth• of thoir Tobe5. The Remembranr¢ Book Fund deals with doll￿ti￿￿ for entries ID the dburth's Book of Remunbrance, and the cost of maintsinitig that The Youth Fund represents StratfoT&uwi.Avon PCC'S sbate of the swphls on the Close41￿ in 21KJ8 of the joini Strarford Churclm Y¢)uth ProiecL This to support Children and Families Mitiistiy in 2W20 and is now close 26 For the yur ended 31 Detemlxr 2020 Restrieted hnds- All Saittts friends who mi8ht n(x be thurtb8ws bu¢ wis1￿4 to *e the f•iYic mairi￿ Initialty it wive418 Fulld w&9 e5tsblished in respon￿ to A reStria￿ le8xy in 2010. FI￿&llY. th¢ ¢bwcb re8uIArty hoids II MAJOR ITEMS OF EXPENDm)RE Hoty Trlnky 2019 South trwisept 8abk 1,643 3,559 4.981 6,300 21,0 lJ96 Bell ryirs Churcb Floor AV InStall￿oll ( Qurth) 8049 22,6SI 11344 Kin8 James BiThle Nortb Porcb R￿f Electrical ryars 2.786 5m7 38,879 All Saints Pollarding of limes 1.320 4,920 St H•len' 1,837 1210 1,174 2.874 25,677 War Mcm(EiAI Arthitect's fees Rope for bells li 3311 35,766 27 PAROCHIAL CHURCH COUNCIL OF HOLY TRrnTY sTRATFOR[￿ljP0N.Av0N WTfH AIL sAI￿rs, LUDDtNGTON AND ST HELEN'S CLIFFORD CHAMBERS For the ended 31 December 2020 12 MYSSION GIVING AND GRANf.MAKING POLICY 2020 2019 St B&8il's charlly fly theyouoghomekss Christian Aid 1453 632 2.453 Church Mission So¢i¢ty Lrfe Span Royal British ￿gi< LiDk io H(se Churches TogdlK¥ in Str•rford b(rfDeless tffojed Chilthen's kniety Books for Cbildren Grnttts to indiv1th￿ (Hoty TTiDty ID the CommuDity) CORD Macmillan Holy Tritity Scbool Clewer Initiative Stratford Wott)erts Refug¢ Gift Vcrt Luddington Community Events Toilet Twinning 872 451 141 714 742 217 213 2.453 1.719 1,661 290 150 671 4.759 14.171 ID addition to the abov< ¢oogre8atiOD memb¢r4 and schools using the church for their own servi¢¢s. made don4tions w many of the above ¢awes wbich did Dot pass through th¢ PCC accounts. Th¢ policy of the PCC rewdiog gr￿ is as follows: l. The totality of Collectio￿ iti Holy TriDity on cbriS￿a5 Ev¢ christm￿ Day each year, together with Teclaimable Gift Aid and associ￿ed income. is 8iveD to s¢lected clwities ￿ homc and oveTseBs whose objectiv¢s seem to the FCC to be in IiD¢ with its OWD obieaives. This is tr¢¥t¢d 8$ Yestrided 2. Any special colleaions for Damed ¢hwitiA 8￿Ced b>, the PCC or the officers of the village churches. are also pas8¢d to thos¢ clwities. This is similarly treated iti 8tneral as Te5trirted iDC(Hne and expenditure. 3. From time lo lirn¢ the PCC make rdditi(￿ grants ¢Jrt of its lltirestri￿ income to ¢8u8es wbicPL atye¢tty matrh its obixtives. There no other ￿$llts in 2020. 14 RELATED PARTY TRANSACTIONS are no rela*d pHrty t￿nsa¢ti(￿ to repth ¢tirin8 2020 (2019: Nil). 28 NOTES ON A&SOCIATED CHARMES (Thex Nots do not forn of the w￿DdIted •¢eomttts) For th¢ y¢ar ¢nded 311)ewilw 2021J AVON (Re8lgterod Charfty No 216512) The R S Gw Bwst for the b￿fit of the clKYi*Th This is invested io 433 shares in the the CbaTities Official Inves¢m¢Dt Fw IA. #A f4 i¥¥¥- I" 11 ÈEEE.g For th¢ ye•r ¢fjd¢d 31 Deumber 2020 ST JANfES• TRUST Thi8 charty is beld by the Dior￿￿ Thutees (rew#eTed charity no 249165) u cuthd1￿. with the (tsy.ttrday maDagemart ill the hands of the Irc. It exi#s fff the gwal benefit of ministy xn the To provide a cler8y house tor¢pkn thrtwhith fontkerty Provided forthe ettleAfitistic81 of St J4m¢& Slratfor&w.AvoD (DOW defill￿ u a The hou8e at 3 Close. ocujpied by the AssLxiate Vic4r, in 2008 at a gross colt of £396.551. Its ¢0& beiDg JDarke•J]y I￿5 sale of the frxmer prcpety at 61 ￿ld¢￿bead al80 shown io Nrt¢ JO. This is ￿ entirety s¢p•r•t¢ th(wh the PCC 4witity of the Thutees •lld the Vicar arts PresiduLL It exists to raise fi￿d& w assim in the r¢8ts)rntioD aDd iDwoveJnthi of Holy Trinity Church. In 2020 it prnvided grants to the PCC of Jrnle £5.(KKI. prittiarity by WAY of ¢Olltributions towards the cost of ¢le¢tri￿1 T¢rAN8. Copim of the Friends. Reprt IT￿ Ac￿llj￿ w be obtsin¢d 31