Parochial Church Council of Holy Trinity Stratford-Upon-Avon with All Saints, Luddington and St Helens Clifford Chambers Financial Statements of the Parochial Church Council For the year ended 31 Ikcember 2022 Unaudited Registered Charity 1128665
PAROCHIAL CHURCH COUNCTL OF HOLY TRINrri' STJ14TFORD-UPON-AVON MTH ALL SAINTS. LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBERS ANNUAL REPORT 2022 CONTENTS Charity information Annual Report Independent Examiner'$ Report Statement of Ftn2nci*l AetSvltles io li Balance Sheet 12 Statement ofcash Ilojvs 13 Notes to the Financial Statements 14
PAROCHIAL CHURCH COUP¥CIL OF HOLY TRINITY STRATFORD-UPON-AVON IVITH ALL SAtNTS' LUDDINGTON AND ST HELEN'S CLTFFORD CHAMBERS NNUAL REPORT 2022 CHAIUTY INFORMATION Registered addrt58 The Parisli Centre Old Tow Stratford-upon-Avon CV37 6BG Independent Ex9miner David Hoose Ma7ars LLP First Floor Two Chamberlain Square BiTmingha B3 3LX B8nkers HSBC 13 Chapel Street Stratford-upon-Avoll Warwickshire CV37 6ET CAF Bank 25 King5 HÈll Avenue K2ngs Hill West Malling Kent ME194JQ
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY STRATFORD-UPON-AVON WITH ALL SAINTS. LUDDlliGTON AND S'I. HELEN'S CLIFFORD CHAMBERS ANNUAL REPORT 21122 Gradually. as 2022 wifolded. CL)Tonavirns rcLatsd reslrictioJ)s were eased, and $0 w¢ wcrc able to resume in-person corporate worship again, a]beit socially dislanced and wedring masks for the first few inonths. However, we have continued live-streaming the l O o'clock Eucl)arist service froni Holy Trinity for the bcnefit of house-bound people and others not able to attend the serTriees iii thc cliw'ch. Most of the groups associatcd with thc churchcs hav¢ rcsuined in-p¢r50n meetings and activities, sucli as the Ciioir, and other group*, ii)¢luding.' thc Bell Riiigcrs,. thc Bcr¢av¢mcnt Support Team. the Cliurchyard Maint¢nanc¢ Volunteers, the Conteiiiplative Prayer Group, the Eco Church Teaill, the Flowei Teaiii, Fricllds of Tlic Music,. Holy Trinity in the Cominunity. Hoine Gi'oups and Courses., the Kei) Kennett Ceiitre. the Lay Chaplaincy. Municipal Cliarilies.. Novel Theology.. the Pastoral ContAct Teatn,. thc Prayer Ministry team,. the Social Team; Stratford Churches Together- Street Pastors., Sunday Morning Coffcc. Ti'ii)ity Ladies. Group.. Trinity Times. Trinity Tots; the Visitor Experience Te8m' and th¢ Wclcoine Team. Lunchtijne concerts on a Wednesday each week organised by the Friends of the Music, knowji as "Soundbites," have proved extremely popular. The PCC"Away Day" was held on i ith June at the Red Hill Christian Centre in Snitterfield. It was most successfi]l. Holy Trinity tontinued to be opened for soine liours each day during the spring, suminer, and autumn, and less often during the winlcr. Manncd by a faithful band of volunt¢crs, this enabled visitors to com¢ in again, and the numbers built llp satisfactorily as the ycar wor¢ orh. Regular services resumed in Stratford_upon-Avon'. Morning Prayer fri)m Monday to Thursday,. Parish Eucl)arist at 10 a.tn. on a Sunday> and various services at 5.00 p.m. on a Sunday, including 2 Choral Evensollgs, a Traditional Communion and a Taize service each month, with 2 Healing Scrvice when there is a fifth Sunday in a month; a Communion service in the Guild Chapel every Wc(bJcsday mon]ing. The two village churcl)es in our parish were open for prdyer for a few hours each week. All Saints, in Luddington bas a Holy Con)munion service every Sunday, whtle St Helen's iii Clifford Chambers has two services a month.. a Morning Praise and a Holy Communion seThice. The Trinity Players put on their produ¢tion of Shakespear¢'$"A Winter's Tale" in Holy Trinity. A8 Cxpectcd, it was an outstanding productlOD, which played lo full houses for 4 nights in October. We have continued to publish our moiithly maga7.ine, 'Trinity Times., both onEille attd with sonie PriDlcd Copies delivered to those who are not on the internet. The Annual Parochial Church Meeting was held on Sunday 15th May, and there was also a Zoom connection for those uThable to attend in person. The Electora] Roll numbered 354.. 314 from Holy Trinity, 18 from All Saints., Luddington and 22 from St Helen's, Clifford Chambers. The 2022 figures for baptisms, weddings and funerals are as follows'.- Baplisms.. 46 at Holy Trinity. 2 at All S&ints' O at St Hclcn's W¢dding$'. 22 at Holy Trinity. l at All Saint5 1 at St Hclcn's. l at ihe Guild Chapel. Funcral5: 17 at Holy Trinity. 5 at All Saints. 2 at St Helen's The Inillistry team consists of four clergy, two of wl)om are self_supporting, and the Children & Families h4inist¢r. who is also a Rcadcr. Th¢y arc ably supported by six rctircd clcrgy alld two retired Readers, and ODC person who has the Bisl)op's pemiission to preach. Our Vicar is also Area Dean for th¢ Fosse Dcancry, and three of thc clergy are honorary chaplains to the Royal Shakespeare'l'heatre. Two in¢mb¢TS of our church are Foundation Governors for Holy Trinity Primary School, along with the Vicar, who is also a niember of the Council of the Shakespeare Birthplace Tnjst.
PAROCHIAL CHURCH COUNCIL OF HOLY TRIN'ITY STRATFORD-UPON-AVON WITH ALL SAINTS, LUDDINCTON AND ST HELEN'S CLIFFORD CHAMBERS AuAL REPORT 21122 Our staffing situation remained steady throughout 2022. We have 2 ftill time and 3 part time staff. Special mention should bc made of our churchwardens.. Paul Lageu, Helen Wa1]]0w. Shcrron Guise, and Tini Raislrick. Our thanks also go to Mike Warrillow, Honorary Treasur¢r' Cliris Kennedy, Stewardship Officer,. 2nd Liz Roolli¢, Honorary Secrrtary lo th¢ PCC. Our safeguarding policy is displayed on the chui.ch website, and all trlte¢s, employees and volunteers involved in a¢tiviti¢s with childr¢n or vuln¢rabl¢ adults have valid DBS certificatcs. All records are kept Strictly in aocordat)c¢ with th¢ Gcncral Data Protcction Act. Thuc havc not bcen any serious incid¢nts and a risk managwcnt strat¢gy is in place. FENATrICIAL REVIEW The PCC'S funds comprise tbose of Holy Trinity, All Saints, and St Helen's church¢s which are managed separately, but with ihe accounts coiisolidated at ihe end of the year. Holy Trinity fund5 By far the largest resource movements relate to Holy Trinity. Historically, the church's unrestricted funds have been split, by destgnation, into thc Parochial Fund (effectively the PCC'S general fund which covered all current activities of a strictly parochial nature iiicluding the cost of ministry, music etc). the Restoration Fund which cover¢d th¢ day to day maintenance of th¢ church building and its niinisty to visitor5 and its h¢ritagc functioii a5 well as its actual restorati()n' the Parish Hall Fund coveting rental incoiiie and day lo day costs of the Parish Centre,. th¢ Legacies Fund whicli is sclf-exp12natory and uscd for 5pccific capital costs. the Social Fund using the proceeds of ev¢nts to FanCe thc church's social life and raise money for projects. and the Community Fund enabling allt5 lo bc givcn to individua15 in nccd. At the 2022 APCM, it was agreed that we would remove any designation from our unrestricted f[ds, also change the nomenclature to reflect the activity. Thc Parochial Fund is renamcd th¢ G¢Deral Fund - still covering currenl activities of a paro¢hi81 natur¢. The Restoration Fund is Tenamed as the Trading Fund covering the day-to-day incomc and cxpcnditure of thc church shop and Holy Trinty s ministry to visitors and its herit2ge thnctioll but no longer paying for restoration. The Parish Hall Fund remains unchanged. While we would ¢ontinue to monitor the financial perfonnan¢e of th¢ Trading operalion and the Parish Ilall, any surplus or d¢ficit at the ¢nd of the fiscal year would be transfeffed to the Generdl Fund. Any rcsloration work would bc paid for from the Gencrnl Fund. It was also agreed thal we should establish a d¢5ignated fund for major future projects for which w¢ have a]ready made a conunitment so thesc arc casily idejitifiable in the accounts. For 2022, we have cstabli5hed the designated Organ Restoration Fund and transferred £56,698 into this. Thi's reflects th¢ outstanding baEancc on thc contract wc have signcd wiib Nicholson's for thc work planned for January 2024 plus 7.8Q/o incurred indexation to January 2023 and an estimated further 40/0 indexation by January 2024. In addition to tbe unrestrieted funds, there are some small, restsicted funds which remain un¢banged. These are detailed An the annual accounts, and some of them are referred to below..
PAROCHTAL CHURCH COUNCIL OF HOLY TRINITY SI'RA'fbORD-UPON-AVON WITH ALL SAINTS, LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBERS AYNUAL REPORT 2022 Major projects at Holy Trinity ill 2022 iiicluded restoralioii of the King Jamcg Bible case tog¢thcr with new display case (£8,282) and completion of the stonework on the North Trans¢pt (£53,756)- both funded by the FrildS of Sliakespeare's Church. The stonework on the Nortl) Transept includ¢d tlie installation of two stone heads depleting Anne Hathaway and Williani Shakespeare. Additional restoration included repairing damaged pews {£3,263), minoi. roof rep2trs and conservation of oui. Dicdieval doors (£2,124} and 8 re-layou( of our creative arca (£660) making this more Ai)viting to young¢r peoplc attcnding chur¢h. During 2022. Holy Trinity ii)oved to sour¢inky IOO/o Ot. gas 2nd ¢lcctri¢ity from renewable sourceg. This, together with nuTnerous otheT activities from our ECO t¢ani, r¢5ult¢d in th¢ PCC receiving a Silver ECO Church award ill Novembcr 2022. Sin¢¢ the removal ot Cowd restrictioiis in March, the church has been open for a limited period e&h day and mgnn¢d solely by volunt¢¢rs. Visitor f¢edback lias bccn vcry positivc to the warnith of wel¢oin¢ and knowl¢dgc of thc cliurch and without thc volunte¢rs' comtnitment, we would not have been able to opcrat¢. During 2022, donations fTom visitors to Shakespeare's grave was £72,000, up £27,000 from 20211'eflecting increased hours and public coi)fidence. Howcvcr, the Icvcl of individual visitor donations has been low comparcd with our previous arrangements. with the average being on £0.85 per person. As a rcsult. in 2023 we liave decided to move to employing a core of stsff in the church still supported by s¢vcral volunteers in OTder to support our ministy to visitors. Ei)try to the church will reinain free but w¢ intToducc a small charge for visitors wanting to visAt the chancel or Shakespeare's grave. Shop sal¢s w¢rc much improved at £44,000 - up £28,000 on 2021 with better gross margins. This year we have WTitren down the value of slow-moving stock (primarily foreign guidebooks and mugs} by £18,000 whi¢h w¢r¢ purchased in 2020 and have had very limited sales. Th¢ Parish C¢ntr¢ slowly bcoamc availabl¢ foThir¢ through th¢ y¢ar and most groups regularly r¢ntinE have returnd. Howevcr, the Pari¥h C¢ntrc suffcrcd scvcral ¥ninorbreak-ins most ofwhich caused minor damage below our insurance excess lev¢1 but wer¢ disrbing to staff working in th¢ centre. At the end of 2022, a rimeter alaTtn was installed at a cost of £3,752. In addition, the roof space of the hall area, which had no insulation. was insulated Lt x cost of £7.188. We belicvc this will itnprove our carbon footprint and is alr¢ady making thc hall In(Trrc comfortabl¢ for use li) the winter months. The Parish Hall Fund r¢¢orded a dcficit of £16.000 in thc year which incr¢ascs th¢ historic dcficit on this fund to £72,512. This d¢fioit will transfer to the General Fund. In parochial activity. income from regular giving has reduced by £4,000 to around £119,000 (plus around £31,000 tax reclaim under Gift Aid) 770/0 of which have come through standing QTd¢rs. Donations from the collection plate have improved to £10,31M) as congregations return and start to grow. Th¢s¢ rcmain far below the £18,000 levels enjoyed pre-pandemic. Donations for use of ihe church for ¢on¢erts and similar events have further recovered and reached £5,400 against the £1,800 received in 2021. Donations from the congregation continue to meet all of the salary of the Children and Famili¢s Ministcr, reflecting our continued commitment to grow this area of the congregation. The Parish paid a Parish Share of £117,400 in 2022 compared with £99,715 in 2021. The Parish now pays the fijll shar¢ as rcqucsted by the Deanery covering its full cost of ¢lergy and contribution towards the Diocesan SuppoTt Fund. The unrestricted Legacies Fund ha5 received new legacies totalling £16,522 with no expenditure. TriDity PlaycTS Fund incrcascd by about £1,000 largcly rclating to donations received from perfomiance5 of The Winters Tale. This restricted fund shows a SUTplus of some £5,850 at year end, most of which will again be donatcd to ongoing projects. The Properties Restt'icted Fund receives the investment income from St James's Trust, plus hous¢ rents partly offsct by maintcnancc costs. Wc continu¢ with 2 S¢ John's Closc being the clergy house and 3 Coopers Close the rental property. The surplus at the end of the y¢ar was £18,094 eliminating th¢ £12,01)0 deficit resulting from the refurbishment of St John's Close and the fund is now £6,212 in sutplus. There remains £2,054 owing on a short-t¢nn loan on the kitchen repla¢emettt al St John's Close and it is
PAROCHtAL CHURCH COUNCIL OF HOLY TRINITY STRATFURD-UPON-AVON WITH ALL SAINTS, LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBERS ANNUAL REPORT 2022 anticipated further repairs will be required ii) 2023. Nevertheless, we anticiparc th¢ sulUS on this fund will slowly increase. We have continued the practice of church group finan¢es coming under th¢ auspices of the PCC to avoid bank ¢har¥¢s on Small accounts aT]d in 2023, w¢ hav¢ add¢d thc b¢llring¢rs and hospitality teasl coffee stop. Other groups, including th¢ So¢ial T¢ain, Trinity Ladies and Sunday Coffee, all appear on the list of T¢stiict¢d accoullls. tll gcncral, the surplus fToin thc accounts is donated to church projects or to local haritics. The walk-through fornjat of Christma5 services contillucd iii 2022 and was again very well r¢¢eiv¢d and donations (and associalcd gift-aidl of £6.154 were once again devoted to the PCC'S thr¢¢ ¢hoscn charities. In addition, the PCC sponsored &progrn ofdonations towards die UKR DEC Ukraine appeal, with £5,IMMI n]atcLing funding, do]ting £13.095 in total and also a £1.975 donation to Citizen Advi¢¢ But¢au lo support those An fuel poverty. All Saints, funds. All Saints, funds compTise a Genern] Fund and a restrtcted Village Fabric Fund, together with three other very sniall, restricted fiiiids, one providing books for Suiiday School children, Ollc SUPPOrting coinmunity vents and a Flower Fund ¢stablish¢d followng a l¢ga¢y. Thc G¢ncral Fund investments reduced by £6,708 y¢t it r¢mains h¢a]thy at about £72,500. Thc r¢Strict Villag¢ Fabri¢ Fund also remains healihy at about £24,300. St Helen's funds St Helen's funds comprise a General Fund, three restricted fabric funds and a Pastoral Care Fund. The General Fund in 2022 showed a sulp1 of £583, and the balance is now around £12,500. Th¢ vaTiOUS fabric funds showed a surplus of £2,547 and now stands at £20,624 alongside which may k counted the resources gathered separately by the Friends of St Helen's towards restoiation of the building. PCC balanee sheet Th¢ overall balance sheet at the end of the year stood al around £323,322, an increase of £17,893 on th¢ previous year. The remaining investment holdings across the Parish (now mainly at All Saints) are ¢urr¢ntly valued at about £70,000. Money held on deposit tola15 about £124,000 of which £60,500 is attributable to Holy TrIlty- Money in cutTeni bank accounts and cash amounts total to around £115,965, of which around £99,1100 is attributable to Holy Trinity- In addition, Holy Trinity retains soine £12,872 worth of shop stock, a reduction of nearKy £18,0(K> from 2021 levels reflcctingthe write down of slowl non-moving all tim¢ buys largely of foreign guides. The value on paper of thepropety at 2 St John's Close, occupi¢d by thc Associate Vicar, has now been depreciated to zero on the balance sheet, though of course it remains a potcntial asseL The Propety at 3 Coopers Close, which is currently rented out, belongs to the separate St James's Trust. Outstanding liabiliti¢s atyear'$ ¢nd w¢r¢ £24,096, IArg¢ly fffle¢ting invoi¢¢$ not due and wedding depostts. S8larl¢8 The total salary bill, includingNational Jn5urance andpension contribution5, was some £99,242. an increase of about £1.500 OD 2021. CIhis cxclud¢s thc Stipcy)ds of ihc clcrgy which arc met through Parish Share.} Thc PCC ¢ODtribut¢s 5.50/0 of ¢ligiblc 5tsfPs salaric5 (which is mor¢ g¢n¢rous ihan is currently requir¢d by law) to a pension scheme administered by the Church of England Pensions Board under the governm¢nt'$ autO*cnrolmcnt legislation. Staff salarics arc bcn¢hmark¢d against good practice in other PCCS in th¢ Major Churches Network, and all staff salaries are above the Living Wage las recommended by the Living Wage Foundation, which is higher than that required by law). Annual increases are benchmarked against rates for the Coveiitry Di¢$an lay staff.
PAROCHIAL C.HURCH COIFNCIL OF HOLY TRJNTTY STRATFORD-UPON-AVON IVtTH ALL SAINTS, LUDDINCTON AND ST HELEN'S CLIFFORD CHAMBERS ANNUAL REPORT 2022 Reserves Policy The PCC'S policy is to maintain in the unrestricted reserves a Ininimum of six months, unavoidable payroll conlliiitments- currently around £S0,01)O- and nornially to keep around £50,000 towards future restoration expeiiditw'e. It will be clear from the above thdt this policy was fulfilled throughout 2022. However, it is likely that we will dip below thts level in 2023. Fraud, thefL and damage Th¢re is no evid¢n¢¢ of any impairments ii) 2022, and ihe PCC 15 tha])kful for the vigilance of paid staff and elected offic¢TS, which ¢nsurcs that propcrty is kcpt 5cour¢ and that reccipts and payn]ents are processed secuiely and in good tim¢. Risk asscssm¢nts, financial and othcr, are carried out as required on all a¢tiTrilies, and a coli1prchistve update of the PCC'S regular overall fiiiancial risk assessment Is due. Structure overnance and mana pement The Parochial Church Council (PCC) is a COLporate body established by the Church of England. It operates under the PCC Powers MeasuTe 1956 and Church Representation Rules 2011. The PCC is Tegistered with the Charity Commission, Registration Number 1128665. The method of appointment of PCC meinbers is in line with the Church Representation Rulcs. In Stratford-llpon-Avon Parisb, membership consists of the Incumbellt (our Vicar), cl)urchwardens, our Assoctate Vicar, Associate Priest, and m¢mbers ¢l¢ct¢d by those of the ¢ongregation who are on the Electoral Roll of tlie Parish. All those who attend our 5erviceslmembeTS of th¢ cothgregation aJe encouraged to register on the Electoral Roll and stand for eleclion to the PCC. The PCC 15 responsible formaking decisions OTJ all matters of general conceTn and importance IM the plrish including how the funds of the PCC are spent. A Standing Committee of the PCC (establislied under the said Church Representation Rule5), comprising the Vicar, four Churcbwardens, four members elected by the PCC, together with the Asso¢iaÉ¢ Vicar, and attended by tbe Operations Manager as a non-voting member, meets regularly, making urgent decisions or sending recommendations to PCC. In addition to its AwAy(tsy, the full PCC met six tim¢s during th¢ year with an avcrage attendance of 800/.. Each PCC meeting now focusges on the activities perfornied by a variety of groups within the church. This new approach is providing thc dual benefit of gr¢at¢r awareness of kcy ar¢as of church life as well as providing a forum for groups to share issues and suc¢es$es with PCC membcr5. In addition, the PCC held an Extraordinary PCC meeting in February to dis¢uss th¢ forniat of th¢ 10 a.m. Sunday service at Holy Trinity and it$ final outcome r¢sult¢d in the pattern of worship throughout the remainder of 2022. Administrative information The Parish of Strarford-upon-AvoD comprises three churches, Holy Trinity in Stratford Old Town alongside the River Avon, All Saints, in the small village of Luddington and St Helen's in the small village of Clifford Chambers. The correspondence address is Parish Office, Old Town, Stratford-upon-Avon, CV37 6BG. PCC members who have served from 1st January 2022 until the date the report was approved.. Ex-officio members Incumbent Associate Vicar Associate Priest Reverend Patrick Taylor Reverend Steve Jarvis Reverend Kay Dyer Chair Churchwardens Ms Sherron Guise
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY STRATFORD-LTPON-AVON WJTH ALL SAINTS, LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBER.8 ANNUAL REPORT 2022 Mr Paul Lageu Mr Tim Raislrick Mrs Helen Warrillow Dioccsan Syni)d Mr Anthony Woollard Deanery Synod Miss Jane ArlIage Mi. Richard Hailley Mr Anthony Woollard Mrs Teresa Krigtunas Ms Beckey Bartoii from May 2022 froin May 2022 Elecled Men]bers Mi. Satnuel Bridge5 Mr Richard Fldcl)er Mr Satnuel Jupe Mrs Tcrcsa Kiistuyia5 Dr Lindsay MacDonald Mrs Ruth Poulten Dr George Reah Mrs Liz Roon)e Ms Gill Price Mr Mark Sayers Mr Mike Warrillow Mrs Julie Renfrew Mrs Heather Fletcher Ms Marie McDoug&l until May 2022 until May 2022 until May 2022 until May 2022 until May 2022 froin May 2022 from May 2022 from May 2022 Co-opted Members MTS Jane Beeley Ms Sarah Pain¢ By invitation 85 on-voting observers Mr Douglas Keilitz Nls Lola Spetsioti Mr Phil Harper Director of Music Operations Manager Children & Familic5 Min2SteT nsibiliti¢s of PCC members.. Charity Law requires the M¢mb¢rs of the PCC to prcpare financial 4tateinents for each fiscal year, which givc a truc and fair view of thc disposition of thc funds at the end of the fiscal year and of th¢ fmancial transactions for the year. In preparing these financtal statements, the members are required to.. select suitable accounting policies and then apply them ¢onsistently. make judgemet)ts and estimat¢s that are r¢asonabl¢ and prudent. stat¢ whether applicabl¢ accounting standard% have be¢n followed, subject to any material d¢p2rtures disclosed and explain¢d in the finan¢ial statcmcnls. prepare the financial statements on the basis that the Charity will continue in operation unless il is inappropriate to pr¢sume this. The members are responsible for keeping proper accounting records to enabl¢ them to ensure that the fmancial statemcnts comply with thc Statement of Recommended Practice and the Chariti¢s Ad. They are also responsibl¢ for safeguarding the assets ofthe Charity and h¢n¢e for taking stcps for thc prevention and detection of fraud and other IegulrItieS.
PAROCHIAL C.HURCH COUNCIL OF HOLY TRINITY STRATFORD-UPON-AVON WITH ALL SAINTS. LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBER. AYNUAL REPOR T 2022 Thc mcn)IKrs have referred to the guidance contaiiied in the Cliarity Coiillnission's gei)eral guidaiic¢ oi) public benefit when reviewing ihe charity's aims dnd obj¢ctiv¢s and in planning future activities. In particular, they have considered how planned 2etivities will CoiilTibute to tlie aims and objectiv¢s set. Approved by tbe PCC on 21 March 2023 And signcd on their behalf. The Reverend Patrick Taylor (PCC Chair)
David Hoose (Mar 27, 2023 10:53 GMT+1)
Mar 27, 2023
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY ST114TFOIU)-UPON-AVON MITH ALL SAINTS, LUDDINGTON AND ST HELEN'S CLIFFOIiD CHAMBERS STATEMENT OF FINANCIAL ACTIVITIES (Jneorpor*ting the Inconje and Expenditure Ac¢ount) For the yeY4r ended 31 December 21122 Unrestrieted funds Restricted funds Total funds 2022 2021 Notes JNCOME Incorne from donations and l¢ga¢ies Incon)c from ai)ctllary tradittg Other in¢oming re&ource5 In¢oiLe fron] itjvestments 2b 231,205 162,170 103.787 334,992 162,170 345,664 88,819 26.328 13,309 2d 2,834 24,686 TOTAL 3962119 128,473 524.682 474,120 EXPENDITURE Raising Funds 3a 99.019 10,185 11)9.204 88,895 Charitable artivitie5 Grants Activities related to work of chur¢h Central administration 3b 5,160 240,Q40 52,866 17,399 71.972 830 22,559 312,112 53,696 2,321 333.749 48,320 3d TOTAL 397,085 IOOJ86 497.471 473,285 SURPLUS I (DEFICID BLbORE INVESTIENT GAINS / LOSSES (876) 28,087 27Jl 1 835 Inv¢stment gainsl(108ses} (6,708) (2,610) 19J18) 9.906 NET INCOMING I {OUTCOINGI RESOURCES {7,5841 25,477 17,893 10,741 TransferbeNeen fi)Thls (913) 913 NET MOVEMENT IN FUNDS {8.4971 26J90 17,893 10,741 Balance brought forward l January 2022 214,848 90,581 305.429 294,688 BALANCE CARRIED FORWARD 31 D¢¢¢mber 2022 2O6J51 116.971 323J22 305,429 The notes on pages 14 to 32 forn pari of ih¢se fJnan¢ial slatements. The location of the SOFA for the prior period being in note 28.
PAROCHIAL CHURCH COUNCIL Ob HOLY TIUNITY STRA TFORD-UPON-AVOIY WITH ALL SAINTS. LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBERS BALANCE SHEET as it 31 December 2022 Notes 2022 2021 FIXED ASSETS T3ngibl¢ as%¢ts Holy Tnntty sy Illv¢$hiient aFsets Holy Trinity All Sainis St Helens Sb 19,IS3 50.264 413 21.708 56,972 468 69.830 79,148 69030 79,148 CURRENT ASSETS Stock Debtors 12,872 24,755 29,242 28,157 Short tern] d¢wsils Holy Trinity All Saints Si Helen5 60,538 41,935 21.524 109,747 33,100 22,081 123,997 164,928 Cash at banwin hand Holy Trinily All Saints St Helen$ 98,991 5,969 11,004 31.126 10,477 7,179 J15,964 48,782 277,S88 271.110 CRF.DJTORS.. AMOL'NTS FALLING DUE WITHIN ONE YEAR 123.685) {42.6361 NET CURRENT ASSETS 253,903 228.473 CREDITORS: AMOIINTS FALLINC DUE AFTER ONE YEAR 8b (411) 12,192) 253,492 226,281 'ET ASSETS 323,322 305,429 FUNDS 10 Ujjreslricted Holy Trinity 121.276 72,5JJ Il564 125,430 77,437 StH¢lells 206JSI 214,848 Reslrict Holy Trinity All Saints St Helens 70,778 25.569 20.624 49227 23.277 18.077 lJfi971 90,581 TOTAL FUNDS 323.322 305,429 Approved and Authorised ftrr155ue by the PCC on 21 202 and signed their bchaltby: Patrick Taylor (Vitarl The llOt¢s on pages 14 to 32 fojm PArt of th¢5e fiTLgncial statenmts. Mlke War
surer)
12
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY STIiA TFORD-UPON-AVON WITH ALL SAINTS, LUDDINGTON AND ST HELEN'5 CLIFFORD CHAMBERS NOTES TO THE FINANCIAL STATEMETrITS Fthr the year ¢nded 31 Detember 2022 STATEMENT OF CASH FLOWS 2021 2021 'el e4$h provlded by l{ukd ID) operlItt¥ atdvltle5 lste thote 91 117.6391 ISJ03) Cash flows fn)m inve$ling i¢tliryties: Dividends, inieresi, and Tenis DecTease I Ilncre8se) in stock I720 16,370 13,309 3,660 Net tash (used Inyproded by Inwt&tEn2 Atdvltlts 43,89D 16,969 Casb ftow% from actiiryties: Bottowing het caxh proded by farcIng actlvJties Change In t*sh Itb tht repDrt5thg prriod Cash al beginning ot'Teporting period 26251 213,710 11,666 2ts2,f Ci¥b #t tnd of rtportittz ptrAod 239,961 213.710 13
PAROCHIAL CHURCH COUlWCtL OF HOLY TRINITY STtL4TFORD-UPON-AVON WITH ALL SAINTS, LUDDINCTON AND ST HELEN'S CLIFFORD CHAMBERS NOTES TO THE FIIYANCIAL STATEMENTS For the ye8r ended 31 De¢emb¢r 21122 ACCOUNTING POLICIES The fancIal ststements bave beenprepared in accordance with the Church Accounting Regulation$ 1997 a5 amended by the Church Accoull¢ing (Ameiidment) R¢gulat10115 2006 togcthcr with applicable UK Accounting Standards. including tbe Financial Reporting Standard 102 (fRS 1021, and th¢ Stslemeni of Recoroniended Practice October 2019 {FRS 1021. The financial %tgiemenl% have been prep3red under the hisrorital cost conveniioll excq)t for the valuation of investmtllt ass¢t5. whictl are 5howJ ut ]narket value. Th¢ financial tstateents are prcpared in sterling which is the functional cutrency of the charity. Tile PCC. constitutes a public benefit entity as defined by FRS 102. Members of the PCC consider thar there are no material uneertainties about the PCC'S ability to colltiuue as a going concern. FllDd$ Getjeral fund8 repre%ent the funds of the PCC that 2re not sllbject to any restntlions regarding their use and arr available for appli¢atiOtt tlic g¢neY#l purpos¢s of ihe PCC. Funds designated for a particular purpose by the PCC are a150 unrestricted. The accounts include all iransaclions, assets, and liabilities for whicli the PCC is responsibl¢ in law. They do not include the accounts of church groups tlut owe their niain affiliation to anotherb(>dy or thosc that are infom121 gatherring$ of ¢hurth m¢mbers. In¢ome Donqfions zncomE ond rapilal SOUFfeS Collections ate ie¢ognised wheTJ re¢¢ived by or tsn behalf vf th¢ PCC. Plattrted ving receivable undcr Gift Aid is recognised only when received. ITJcome tax T¢coveiable on Gift Aid donations is reco8tJised when thc inconic is rccognised. Grants and legacie5 to the PCC aTe accounted for as soon as ihe PCC is notified of its legal cnliilcmenl, Ihe ainount due is quantifiable and its ultimatc rcccipt by the PCC is probable. Funds raised by fundrdising events, and sales from the church shop, are actounted foT gTO&4. Orher intome Rental income fri)m the leiiing of churth premIses is recognised when the rentsl is due. Incomefrom inveslments Dividend5 are accounted for when due and payable. Interesi entitlemenL% are a¢¢ounted for asthey accnxe. Any tsx recoverable oll such income would b¢ reCO)Sed in thc satnc accounting year. Gains uFtdlosses inve.fimellts Realised gains or losse$ are re¢ognised when invcstmcnts are sold. Unr¢21ised gains or Ioss¢5 are a¢¢ount¢d for oJ] the revaluation Of investments on 31 D¢¢¢mb¢r. Expendlture Liabilities ar¢ r¢¢ognised as resouN¢s ¢xp¢nded as soon a$ th¢r¢ is a l¢gal or constructive obligation Ollllnitting the PCC to the ¢xp¢Dditure. All expenditure is a¢¢ounted ftsi tsn all accruals basis and has been classified under heading5 that aggrcgale all costs related to the category. Grants and donaiions arL ar£olltJied for when paid over, or when awardel if that award Creates a ton*trutiive obli ation on th¢ PCC. 14
PAROCHIAL CHURCH COUNCIL OF HOLY TRINII'Y s'fRATFORD-UPON-AVON WITH ALL SAINTS, LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBERS NOTES TO THE FINAf4CIAL STATEMENTS For the year ended 31 De¢Èmber 2022 Acrivities direcrljj r£luiing to ihe ofihe Chui-ch. The diocesan parish Sha is ac¢ounled for when payable. Any parish share unpaid ai 31 December is provided for in the5¢ ¥¢¢OUJ]ts as an operational (though noi a leg31) liability and is shown as a creditor in the Balai)c¢ Sheet. Flx¢d 4$sets Consccratedproperty movuble chu1chfuiKngs Consecratcd and beiieficed property of any kii)d is excluded fvoni the accounts by s.10 of the Charities Act2011. Movablc church fi]mishings held by the Vicar and ChurchwardeA)S ffi) spe¢ial tst for the PCC, and which Tequire a laculty for disposal, are a¢counod as inalienable prorty unle55 COll5ecrated. For in3lJenabl¢ propeTty acquiTed prioT to 2000 there 15 insufficient cost iDfomiation available and theiefore Such asset5 are not valued in the account5. Items acquired since l January 2000 have bee capitalised and depreciated in the accounts over their currently anticipaied useful e¢otyomic lif¢ on a straiglit-line basis. All expenditure on consecrated or beneficed buildings, individu21 items utjder £3,000 or on the repair of movable church fwnishings acquired befo l January 2000 is wriiien off. Clergp, houses The clergy house at 3 Cotspers Close is the property of the St James's Trust of which the PCC are managsng trustees. Ji is referred to in the attached Notes (Note l O) but is not valued os a PCC asset. Thc clergy house at 2 St John's Close, being the property of the PCC. is valued at PUTcha5e price le5S depreciation on a straight-line basis over 10 years. As a potential operational property. it has not bcen r¢valued, and its book value is atcordingly now zero. Oth'luTeS,fitting.%, and nffice equipmenl Equipm¢nt used within the ¢hur¢h premises is in general d¢pre¢iated oll a Straigbt-linc basis over 10 y¢ar5. Jndividual itern$ of cquipment wilh a pwGhase price of £3,0(10 or1¢5s are writt¢n off wh¢n the asset is acquir¢d. Inveslmenls Investincnts are valued at market value at 31 De£ember. Current assets Amounts owing to the PCC on 31 December in respect of fees, rettts or other income are shown as debtors less PTUV15iOn for amounts that may prov¢ unrullectsble. Shoft-temi deposits Include cash held on dq)tssit eith¢r with the CBF Church of England Fund$ or at the bank. Stock is valued at the lower of cost and net realisable value. Op¢ratlng 1¢gSe$ Rentals p&yable under opcratiTh8 leases are charged on a strai8ht-line basis over the temi of the lease. Penslon Sebemt The PCC participates in the Pension Builder Schcme section of thc Chureh Workers Pensioi) Fulld (CWPFI for lay Svdff. The S¢h¢n)e 1$ adjninistered by th¢ Chur¢h of England Pensiotts Bi)ard, which holds ihe assets of ihe schemes separately from those of the Employer and the other participating employer5. 15
PAROCHIAL CHURCH COUNCIL OF HOLY TIUh'ITY STRATFORD-UPON-AVON WITH ALL SAINTS. LUDDtNGTON Af4D ST HELEh"S CLIFFORD CHAMBERS NOTES TO THE Fifs'ANCIAL STATEMENTS For the year ended 31 December 2022 The Pension Builder Scheme of the CWPF is made up of hvo se¢tions, Pensioj) Builder Classic and Pension Builder 2014, botb of which aTC classed as def¢d benefit 5ch¢mes. Those ¢p]OYeeS of the PCC who are ¢ligible for support towards pcnsioms arc membcrs of the latter. Pension Builder 21114 is a cashbalance scheThe thatPTovide5 a luinp sum which n)embers useto providc benefit% at tireMen[. Pension contributions are recorded in ali accouiit for each mernber. Discretionary bonuses mgy be added b¢foic et¢M¢t. dcpcnding on invcstment returns ai)d other factors. The account. plu5 any bonuscs dtclared is payable. UnreduC. froni age 65. There is no sub-division of assets between ¢mployers in eaeh section of the Pension Builder S¢hert)e. Th¢ seheme is constdered to be a multimployer schene as described in Section 28 of FRS 102. This is because it is not possi61e to attribute the Pension Builder Scheme's assets and liabtlities to specifi¢ employers and means that contributions aE¢ accountrd for a5 if ihe Scheme weie a defined coThtributi(>u scheille. lkne pensions costs charged to the SOFA in the year are the corltributions payable (2022.. £3,601, 2021.. £4,172) A valualio]J of th¢ Pension Builder Scheme is carried out once every thre¢ y¢ars. The niost recellt valuation was carried out a5 at 31 December 2019. The next valuation 15 due a5 at 31 Dectbe[ 2022. For the Pension Builder Classic section, the valuation t¢vealed a deficit of£4.8m on the ongoillg assun)ptions used. At the Tnost Tecent annual review, the Board ¢hose to grant a dis¢Teiionary bonu5 of 10.l•/d following improvem•Jts in th¢ funding position over 2022. There is i)0 requirement for deficjl paynients at the curreDt tirne. For the Pet)siott Builder 2014 section, the valuation revealed a sU[uS of £5.5m on the ongoing assumptions used. There is r¢quir¢inent for defi¢it payillcnts at the cujrent time. The Ic831 structure of tl)c schcme is such that if another eniployer fails. Tlie PCC could become respot)$ible for paying a share of the failed employer's pei)sion liabilities. FinAncial Instruments The Charity only has financial assets and fJnan¢ial liabilities of a kind that qualify as basic financial iTL$truments. Basic financial in5trument5 are initially recognised at transaction value and subsequently measured at Iheir settlemenl value. Judgements and EstSmtlon$ The trustees Iiave Dot nde atly significant judgements in th¢ pTrK¢5s of applying tILe accounting w>licies and there are no areas of estimation uncertainly thai have a 5ignLficant risk of causing a rnaterial adjustment lo the ¢4irryiog amoutsis of assets aDd li)biliti¢s. 16
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY STRATFORD-UPON-AVON WITH ALL SAINTS, LUDDINCTON AND ST HELEN'S CLIFFORD CHAMBERS NOTES TO THE FINANCIAL STATEMENTS Fthr the year ended 31 Dteember 2022 STATEMENT OF FINANCL4L ACTIVITIES Unr¢5trirted fuTrds Restrictrd luAds UnTe5trlried ruTrd$ Notes 2022 fud5 2021 INCOME 2b 231205 103,787 334.992 102,170 199.569 146,095 345,664 88.819 Z6,328 13.309 146.095 IneDmc froni uncillary tradin Qtherinc<)me (CIRSIPAYE fi]nd) Income from li)ve5ents 23,¥79 1.642 2.449 11,667 2d 2,834 24.686 27,520 TOTAL 396.209 128,473 313.909 474.120 EXPENDJTU RaisingFond3 99,019 1119304 59,884 8¥,895 Chxritbl¢¢tivjti¢$ Gr8nts 3b 5.160 240.040 52,$66 17,399 71,972 830 21559 2,321 143.528 2.321 333.749 48,320 Aciiviiies rdaid to work ofchurch 312.012 SJ.696 19022 48.265 Central adMJ$tion 3d 55 TOTAL 397,085 IODJ86 497A71 29É,370 473,2E5 SUB TOTAL 1876) 28,087 27211 15,539 114,7041 Inv¢5thicnt gainslllossesl (6.703) (2.610) 19Jl81 7,130 2,776 NET I.NCOMINCIIOUTCOINCI RESOURCES (7,514 25A77 17,893 22,669 Tran5ferbeMeen fury15 {913} 913 1361 36 NLI. MOVLMLN'I. IN FUNDS {5,497) 26J9 17*93 22,633 10,741 214.848 9@581 SJ29 102.473 294,688 Balance broughtfoThv4Td l J¥ry 202111 JArtw2022 206JSI 116.971 323J22 214.848 90,5¥1 305.429 17
PAROCHIAL CHURCH COUNCIL OF HOLY TRThITY STRATFORD-UPON-AVON WITH ALL SAINTS, LitDDINCTON AND ST HELEN'S CLIFFORD CHAMBERS NOTES TO THE FINANCIAL STATEMENTS For the year ¢nded 31 December 2022 2b INCOME FROM DONATIOIYS AND LEGACIES Unrestricted funds Restrlcted fuNd5 Total fund$ 2022 2021 PlanDed giving Income t&x recovered C.olleciiots$ Granis i)onaiions, appea15 etc. Legacies Fundraising evcnts Swidry in¢on)e 128,809 33,884 14,380 2,087 28.380 16,522 1,038 6,105 494 2,427 129J03 36,311 14,838 30,664 86,736 17,8R2 12.607 6,7SI 131.576 35,729 9,078 3,299 153,646 250 3.329 8.757 28,577 58,356 lJ60 11,469 646 231 305 103,7¥7 334.992 345.664 INCOME FROM ANCILLARY TRADING urestrICted Funds Restricted funds Total funds 2022 2021 Mag4zin¢ Shop and chancel Church hall letting Fees 1.415 116,232 19,200 25,323 1,415 116,232 19,200 25,323 1,257 51,375 15.982 20.205 162,170 162,170 88,$19 2d tNCOME FROM ITrIVESTMENTS UreStriCted Funds Restricted funds Total funds 2022 2021 Dividends and interest Rents 2134 3.686 21,1100 6,52 21,000 4,308 9,001 2,834 24,686 27.520 13,309 18
PAROCHIAL CHURCH COUNCIL OF HOLV TRtNITY STRA TFORD-UPON-AVON WITH ALL SAINTS, LUDDtNGTON AND ST HELEN'S CLIFFORD CHAMBERS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 Deeember 2022 34 EXPENDITURE ON RAISING FUNDS Unrestrl¢ted funds Restrlcted fullds Total funds 2022 2021 Magazine costs Church hall running costs Ren¢al property c05t5 Sliop and cliancel costs Fundraising costs 480 24,300 480 24,300 5,682 74,239 4,5113 420 18,934 28.546 40,530 465 5,682 74,239 4.503 99,019 JO.185 109,204 88.895 3b GRANTS Unrestricted lund$ Restricted funds Total funds 21122 2021 Missionary and charitable wving {se¢ note 12) 5,1611 17.399 22.559 2,321 5,160 17J99 22,559 2,321 3¢ ACTtVlTIES RELATED TO WORK OF CHURCH Uthre5tricted fund$ Restricted funds Total funds 2022 2021 Ministry= Parish shar¢ Ministry.- clergy expcnses minis.. clergy ho.1ng Minisiry.- Lay Minister ChuTGh runT)ing costs ChuTch maintenance Mission alld outreach ChildreD and young peopl¢ Choir and org#iSt Major items (see note 11) Deprcciation 117,41KI 3,310 415 27,146 28,732 22.409 1.790 J17,400 3,310 4,81S 27,]46 29,706 23,722 1.7911 99,715 1,977 371 28,383 35.225 10.630 713 974 1.313 20,235 14,203 4.863 64,822 25,098 79.025 21,599 135,136 240,040 71.972 312,012 333,749 19
PAROCHiAL CHURCH COUNCIL OF HOLY TRINITY STRATFORD-itPON-AVON WITH ALL SAINTS, LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBERS NOTES TO THE FIN'ANCIAL STATENIENTS For the year ended 31 Detember 2022 3d CE]YTRAL ADMINISTRATION Unr¢$trlcted fllnds Re$trlcted ruDds Tot41 ndS 2021 2022 Printing aDd stationery Telepliones Salarics. training, and sundries Independent Examiners Fee 4,973 688 43,005 4.200 4,973 688 43,835 4,200 2,758 21 41,461 4.080 830 52,866 830 54,696 48,320 Govemante costs of the charity, %trictly defined. are llegligible, as vRrtually all goveman¢e i.% caled out by Gl¢r¥y {who aTe not PCC employees) or volunteer lay people. A very small propi)rtion vf costs such as statiotry and telepholles could be attributed to thc govcrnance fi]n¢tion but it is not practicable ts) identify these within the gcneral costs of central admini$h"dtiun, Thuse ¢05t5. as set oui abovc, in¢lude also a proportion of salaries of ¢¢rt8in staff. Other salaties are included within"Cost of raising fullds" since they irlatc mainly to managing the ¢hur¢b as g visitOT attraction. Where staff aiid sixne other 5UPPQrt Costs are split between functioiis, this is on all estimaled-time basis. "Support costs" are difficult to quantify Separately since all staff have a public-faeirlg fiin¢tion and ¢ thu5 part of the chuFcI)'5 ministy as well as providing support to that mitxisty. 3È INDEPENDEIYT LKAMINATION FEES The PCC currently falls below the statutory income threshold for full audit, and the accounts were tl)er¢fore simply indq)endently examined by David Hoose of Mazars LLP who have ¢Ollducted independent examinations for several years. A provision of £4,200 in¢lurfing VAT was Tnade for thi$ in the accounts. 20
PAROClllAL CHURCH COUNCIL OF HOLY TRINITY STRATFORD-UPON-AVON WITH ALL SAINTS. LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBERS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022 STAFF COSTS 2022 2021 Salaries Employeis National Insurance Einployers Petjston conmbuts.ons 93.080 2,561 3.60] 90.654 2,938 4,172 99.242 97,764 Part- and fi]11-tim¢ employees (full-tlme equtvglent xverage) Repres¢ntiDg all average of about 4 employees (2021.. 4} over ihc year In order to illiItinii5e cost during the Covid restrictions a radical approa¢h was tsken to statTing levels. Only the Operations Manager, the Children and Families MInister, the Dire¢tor of Music. the AssistaDt Direeror of Musi¢ alld a single men)ber of office staff weTe retained on the payroll. All other functions operated thioughout 2022 a8 far as pos%ible on a volllnteer babis and w¢ are grateful to tli¢ni all for their comnjitnient. Fee41b3ck from visiiors has been extremely positive yet voluntary donations have only amounted to less than £1.00 per head. It 15 clcar we cannot continue with this level of inconie and that we cannot fJtJd enough volunteers to remain open as long as is expcctcd from a heritage locstion. It) 2023, we plan ro move to paid staff to welcom¢ and guidc visitors and intriiduce a %mall tharge for &dn)i8sion io Ihe chancel- entry to the ehurch itself will reinain free. Key personnel- Of th¢ ¢Tnployed staff, two report dirrctly to the Vicar and Otje to tlie Associate Vicar. Th¢5C may be regarded a5 key peT50nnel. T]ieir reniuneration on an anllualtsed ba515, including employer pension contTibution5, totalled approximatcly £78,000. No PCC members (TThiste¢s) or r¢lat¢d partics rccLiv¢d r¢mun¢ration in respect of their 5eThqces as m¢mbers of the PCC. No material ¢laims have bccn made for tsut-L)f.POLk¢t cxpcn5¢s by such meinbers. Whil$t they) and oiher members of the church including TetiTed clergy. may incur Such expenses from time to time, any rlaim$ m¥de are extten)ely rarc and non-material,. , since such costs would relate purely to local travel etc. they would be insigllificant, and accordingly no value is here placed on expenscs waived. Pensions: The PCC op¢rates a Oefjned contribution pension policy und¢r wbich all employees below pensionabl¢ age may benefit from a contribution of 5.5 /0 of Salary. The PCC ha5 since l July 2016 been subject io the piovi5ion5 of auto-entoltnellt, which directly affects personnel earning over about £10,000 per annum, within a scheme adrninistcrcd by the Church of England Pensions Board. 21
PAROCHIAL CHURCH COUNCtL OF HOLY TRINITY STRA TFORD-UPON-AVOIY WITH ALL SAINTS. LUDDINCTON AND ST HELEN'S CLIFFORD CHAMBERS NOTES TO THE FINANCIAL STATEME]YTS For the yeAr ended 31 December 2022 TANGIBLE ASSETS Holy Trlnlty Land & Bulldlng Equlpmtnt All Salnts St Helens Tot#1 Cost At l January 2022 Addjitons 137,500 24,479 161,979 At 31 De¢embeT 2022 137,500 24,479 161.979 Depreciation Ai l January 2022 Charge for tlie year 137.500 24.479 161,979 At 3 1 December2022 137,51>0 24,479 161,979 Net book v•lue At 31 December 2021 At 31 December 2022 Sb INVESTMENT ASSETS: MOVEMENT IN THE YEAR 01.OJ.22 Disposals Net g&in$ 31.12.22 HOLY TRINITY 927 sharcs CBF Inv Futjd (Resl'd) 21,708 (2.555) 19,J53 ALL SAINTS 2,432 shares CBF Inv Fund 56,972 (6,708) 50,264 ST HELENS 20 shares CBF Inv FuThd (55) 413 22
PAROCHIAL CHiJRCH COUNCIL OF HOLY TRtYlTY STRATFORD-UPON-AVON WITH ALL SAINTS, LUDDINGTON AND ST HELEN'S CL]FFORD CHAMBERS NOThS TO THE FINATrICIAL STATEMENTS For the year ended.11 Dt¢emb¢r 21b22 AF4ALYSIS OF TrIET A&SETS BV TYPE OF FUND Tot#1 Funds Unrestrl¢t¢d Funds Restrl¢ted Fund$ 2022 2021 Fixed assets Ini'e5tD]ents Current assets Current liabilities 50.264 180,183 (24,096) 69,830 277,588 124,0961 79,148 271,109 {44.828} 97,405 206J51 lJ6,971 323J22 305,429 DEBTORS 2022 2021 Prepayments Other 12,238 12,517 14.375 13,782 Total 24,755 29,157 CREDITOILS: AMOUNTS FALLINC DUE WITHtN ONE YEAR 2022 2021 Creditors foT goods and services 23,685 42,636 23,685 42,636 8b. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR 2022 2021 Due within 1-2 years Due within 2-5years Due in great¢r than 5 years 411 1,644 548 2,192 Cr¢ditors falling dlle alter one year relate to an unsecured inteFe5t free loan for a kilchen for 2 St John's Close (a property owned by the PCQ that 15 fully repayable by April 2024 23
PAROCHIAL CHURCB COUNCIL OF HOLY TRINITY STIL4TFORD-UPON-AVON WITH ALL SAINTS, LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBERS NOTES TO THE FINANCIAL STATEMEIYTS For tlie ye8r ended 31 Deeember 2022 Y. RECOYCILIA TRO, OF NET lOvEMENTs IN FUNDS TO NET CASH FLOW FRONI OPF.RATING ACTIVITIES 2022 2021 Nel moveTnent ill fillids Depieciation (Gains) ILosses on investtncDts Divid¢nds. inl¢resl. und ren15 lJn¢rea£elld¢¢Te•sc in d¢btors IIicTeas&1decasel creditors 17,893 10,741 9,318 127,5201 3,402 120_732) 19.9061 113J091 115,4631 22,634 tt C*sh prOderf by I (used in) operatlng activltle$ (17.6391 (5.3031 24
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PAROCHIAL CHURCH COUNCTL OF HOLY TRJNITY STRATFORD-UPON-AVON WTH ALL SAINTS, LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBERS IYOTES TO THE FINANCIAL STATEMENTS For the yeAr ended 31 December 2022 FUND DETAILS (CoDtinued) Unrestricttd fund$- Holy Trtnity The G¢traI Fund is Holy Trinity's gelleral fi]nd devoted to thc mission and millisty of the paiish. Its principal sources of income are ¢ollg'egational giving, other dollations, and parochial fees, and inost of its expenditure is on the Cost of the ministy staff (largely via thc Diocese through Parish Share) and church music and worship. The Trading Fund is earn5 incon)c froni visitor dtsnationOcontributions and shop sales. a]]d that ijicome is spent mainly day-r041ay costs, the bulk of which costs relate lo keeping the ¢huTch open daily for visitors. Any surplus is transferred 10 the General fi]nd ai the ¢nd of the fiscal year. The Lega¢ies Fund benefits from thepro¢eeds of unrestricted lega¢ies, which the PCC 5p¢nds as oc¢asion arises on items of a ¢apil8l narure. The Parisli Hall Fund re¢eives incoiJe from lenings and 50 notional rents from other pan.% ofthe budget, all of which is Spent on tli¢ administration and upkeep of the Parish Cetttre. Its historic deficit refl¢¢ts the difficulty of keeping pace with repair needs on a building of this natUTe. The Conmjunity Fund represents fimds disbursed to illdividuals andlor local tharitie5 for the relief of need. There 15 no income re¢orded this year. Unreslrict¢d funds- All Salnts The GeneralFund is self<xplallatory. Unrestricted fund$- St Helen, The GenernlFund is self<xplanatory. Restricted fund$- Holy Trinity The Paroclual Fund frequently receives dtsnatioTJS, the proceeds of Special colle¢tion5 etc, which are resiricred 10 specific causes. So far as possible these arc paid over within tlie yearwhen receive(L but this is not alway5 possible, and the Fund has thcrefore accumulated a modest balao¢e. The accumulated ineome froTn the StJames' Tru$l is also retained in aseparate Fund. Current investment income and ittterest from the Trust. together witli the rental from one house. is devoted prim&rily io the Inaint¢nan¢e of ¢leTgy houses in acc4)rdan¢e with the Trust's objectives. The Trinity Voi¢es fimd represents costs to provide for a junior choir. The Mary Pickin Fund rcpresemts a legacy intended specifically for the purch&%elrepair of choir robes. Tb¢ Ranembrance Book Fund dea15 with donations for entries in the church's Book of RenJembranc¢, and ihe ¢051 of maintaining that btsoL Restrfcted funds- All Saints The Village Fabric Fund was set up to r¢eeive donations from residents of Luddington Yillage and their friends who miglit not be clJurchgoer.% but wished to 5¢e the fabric maintained. Tnitially it received a number of such donations in memvry of the late Canon Raymond Cyster. It has Continued to r¢ttiv¢ donaiioi)$ and ben¢fJl from fundraising events the village. The Books for Children Fund and the Sunday Club Fund are 5elf<xplanatory. Currently only the fornier T¢ceivcs a very small income from int¢rcst and incurs mod¢5t expenditurc. A small Flower Fund was established in respons¢ to a Testrictcd legacy in 2010. Finally. the church reglllarly holds ¢olle¢tion5 and fundraising evenl.% for thc Children's Society. Re8tricted fund$- St Helen, The restTiCt¢d funds at St Helen's have been extended to in¢lude The F&bric Fund dnd the Clock tower tund which arc self-explanatory. There is a150 a fund for re.4thcted Legacies and a fiind forPastoral Care, CTeated as the result of a donation from Clifford Charities. 27
PAROCHIAL CHURCH COUNCIL OF HOLY TR1Tr41TY STJL4TFORD-VPON-AVON WITH ALL SAJF4TS' LUDDINCTON AND ST HELEN'S CLIFFORD CHAMBERS NOTES TO THE FINAIYCIAL sTATEIENTs For the yexr ended 11 December 2022 MAJOR ITEMS OF EXPENDITURE Holy TriDity 2022 2021 King Jame5 Bible and Case Nonh Transept Ston¢work Roof repairs Door Conservation Paris11 C'enrre Alarrn Installation Parisli Ccntre Roof spac¢ Tn5ulation Pew Repairs Cr¢ative Coiner CJlaA¢d Screet) in North Trans¢pt Painting Rcsloraiion LED Spotlighib on Spire Bier House Temporary Rtstif Upgrade ChurLh CameTa5 Mis¢ items 8,282 53,756 1.440 4,336 l(K).067 3.752 7.188 3,263 660 3.552 500 3.849 5,739 3.245 462 79,025 121,750 AII Saint5 St Helen's Auto Winder for Clock 7,H8 7,448 28
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY STJL4TFORD-UPON-AVON WITH ALL SAINTS, LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBERS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2022 12 MtSSlON CIVING AND GRANT-MAKtliG POLICY 2022 2021 UKR DEC Ukraine Appeal Citizen Advice Bureau Tru55ell Trust C.hurclJ Mission Society Life Span Kapsabet Children's Society Books foT Cliildren riends of Shakespeare's Church Shakcspeare's Ho%yice British Legion Luddington Community Events 13,094 2.577 1.000 1,000 503 502 316 330 19 429 155 60 343 22.559 2,321 In addition to the above, congregation rn¢mbers, and $¢hools using the church for their own services. nlade donation$ to tnany of the above eauses wbich did not pass ti)rough the PCC accounts. The policy of tli¢ PCC regardin8 grants 15 a5 follow$- l. Thc totality of eollections in Holy Trinity on Christma$ Eve and Christmas Day each year. together with re¢laim8ble Gift Aid and a550ciated in¢ome, is given to selected charities at home and overseas whose objectives seem io the PCC to be in Itne with lis own objectives. This 1$ treated as restrict¢d ineoTne and cxpenditure. 2. Any special collections for named charities, as agreed by the PCC or ihe olTJceT5 of ihc village eliurche5. are also passed to those charilies. Thi5 is similarly treated t general a5 restricted inconi¢ and expenditure. 3. From time to tiTne the PCC rnay rnake additional grallts out of its unre$tri¢ted in¢ome to ¢auses which dircctly ]natch its objectfftYe$. 13 OTHER GRANTS There were no other grants io 2022 (2021.. Nil}. 14 RELATED PARTY TIL4NSACTIONS There ar¢ no related party transactions to rcport during 2022 (2021.. Ntll. 29
PAROCHIAL CHURCH couf4CIL OF HOLY TRINITY STRATFORD-UPON-AVON WITH ALL SAINTS, LUDDINGTOIY AND ST HELEN'S CLIFFOIiD CHAMBERS NOTES ON ASSOCIATED CHARJTILS (These Notes do not forni part of tlie unaudited #ccount$) For the yegr ended 31 December 2022 PARISH CHARITIES OF THE ECCLESIASTICAL PAIUSH OF ST]L4TFORD-UPON-AVO.N {Regi5tered Charity No 216512) Thcse Charities administer¢d by the Vitar and Churchwardcns. They compri5¢'. The R S Gengc Bequcsl for the bejjefit tsf tbc ehori5ters. This 15 invebtcd in 433 shares in the Charities Official Investmeiit Fund with a value of £7.870 as at 31 December 2022. During 2022, £370 of the ¢ash balance was used to support choirpocket money. The Fiancis Thomas Charity foT niainteDan¢e of a nJetnoTial. This is invested in 42 shares in the Charities Offici21 Investm¢nt Fund with a value of £763 a5 at 3) December 2022. The Emily Evans Curates Fund, for clergy expejjses, which is invested in 351 sl)ares in the .h4rities Official tllvestment Fund with a value of £6,379 al 31 DecembeT 2022. During 2022, £1,000 of the cash balance was used to support Clergy expenses. 30
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PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY STRATFORD-UPON-AVON Wml ALL SAINTS, LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBERS NOTES ON ASSOCIATED CHARITIES (Tbese Note5 do not forn) part of the unalldittd Account$) For the year ended 31 December 21122 ST JAMES, TRUST This charity is held by thc Diocesan Truste¢s (registered chaiily no 249165) as custodians, with the day- to-day manageTnent iJJ rhe h2Dds of thc PCC. It cxists for thc general beT>¢fit of ministry ill the parish, but other ¢lau5es in the Trnst Deed make clear that its obJect5 arc.. To provide a clergy housc to replace that whi¢h was fon)ierly pr()vided for the ceclesiastical pall5h of St Jame5, Stratfor<kupoll-Avon {now defunct as a separate parish) To provide fullds for th< niaintenan¢¢ of that liouse And only Ihcn for general purposes of ministry. The hou.qe at 3 Coopers C105e purchased itt 2008 ai a gross cost of £396,551. Its cost has beet) marke41y le5S than sale procceds of th¢ forni¢r properly at 61 Maidenhead Road. the funds lo provide in¢on)e for ils maintenance and other purposes in£r¢ased significantly at that tiine. As at 31 De¢¢mbeT 2022 those funds con)prised approximately £200,000 in CBF Inv¢5tii)ent and Deposit Funds. In 2021. the A5SOCI?te Vicarmoved to Si J()hns Close (a pr()perty owned by the PCCI and c.oopers C105¢ was made available for commercial rental. However. the house Still continu¢s to be owned by Si Jaines, Trust. The income produced by the i]]t¢r¢sl-bearing eleincnt tn these fi]nds is sliown in Note l O ri) the mai Accounts. The PCC has takcn the view that that income should be applied primarily to the maintenance oC¢l¢rgy housing geneTally ID Ihe parish and to the StS associated with pmviding ministy oifice space. The totsl expenditure from both ¢Lrent and arcumulatrd it)come is also shown in Note 10. THE FRIENDS OF SHAKESPEARE'S cin)RCH {Regi$tered Charlty 1097403) This is an entirely sewate charity, Ihougb the PCC appoints some of the Tstee$ and the Vicar acts as President. It cxists to raise fund$ to asslst in the restoration aod impTovemcnt of Holy TrIlty Church. In 2022 it provided grants to the PCC of some £52,400, primarily by way of ¢ontribution5 toward$ the cost of restoration of stonework iu the Notth transept, general repairs, conservation of n)edieval dooT5 and the conservation and display of the Kit)g James Bible. Copie5 of the Fnends, Report and Ac¢ouTtts can be obtained from the Holl TTeasurer io the Frie[8. via the Parish Office. and Further iDforn)ation is on the website .$ak hurLb.or THE FRtENDS OF ST ItELEN'S CHURCH (Reglstered Charlty No 1173391) Thi5 15 an entirely 5q)arate ¢]w]"ty, and the Vicar alld ASslate Minister are on the Board of Trnsiees. It exi5t5 to raise fiulds to assist itt the restoration and improvement of Si Helen'5 Church. Copies of the Friends, Repon and Accounts can be obtained frotn the Hon Treasurer to the Friends, via the Parish Office, at)d fiwthcr inforn)ation is on the website iiryi'w.sliakes iearcscliur¢li.oT,, 32