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 December 2023 Unaudited Registered Charity 1128665 PAROCHIAL CHURCH COUNCIL OF HOLI. TRI￿￿11"y STRATFORD-UPON-AVON WITH ALL SAINTS. LUDDINGTOY AND ST HELEN'S CLIFFORD CHANIBERS ANNUAL REPORT 2023 CONTENTS Charity information Annual Report Independent Examiner's Report Stalement of Financial Aetii'ities Balance Shee¢ 12 Statement of CAsh flows 13 Notes to the Financial Statements 14 PAROCHIAL CHIIRCH COIINCIL OF HOLI, TRlTrilTI' STRATFORD.UPON_AI-ON WITH ALL SAITrJI'S' LUDDINCTOTr4 AND ST HELEN'S CLIFFORD CHA4IBERS ANNIIAL REPORT 2023 CHARITY INFORMATION Registered xddress The l?aTi%h ( Lntre Old Toi%'n Straiford-uwin-Ai on C'V37 OEJO Ind¢pendtn¢ Examitter l)ai id Hoose Mdiars l.l.P Firsi Fl(x)r Tii'o Charnbcrlain Squar¢ 14imitn8harn 113 3AX Bankers I IsHc' 13 1'hapL'I Streel Sirailc)rd-upi)n-A&on Wan4'ickshire C'V37 OLT CAf Bank 25 Kings Hill Ai'ertue Kin8s Hill West Malling Kent ME194JQ PAROCHIAL CHIIRC.H C.OLINCIL OF HOLY TRINITI, STRATFORD.(IPON_AIION WITH ALL SAINTS, LIIDDINGTON AND ST HELF.P4'S CLIFFORD CHAMBERS ANNUAL REPORT 2023 Our primarv funciion being to ivorship God. the ¢l)urches iii ihe parish coniinue to provide regular service5. both on a Sunda).. and at Holy Trinitv during the week.. At Holy Trinity.. Morniiig Prdy¢r froiT) Monday io Thursday,. Parish Eucharist al 10 a.n). on a Sunday,. and various services at 5.IK> p.In. on a Sui)day. includingy ? Choral Evcnsongs. a Traditional CoThinunion and Taizé service each ii)onrh. with a Healing Service ii,hen there is a fiftli Sunday in a Inonth. There is also a Commui)ion service in the Guild Chapel every w￿liesdaY moniing. In Noveimber. in collaiK)raiion M'ith the Siraiford Methodist Church. a tWiC¢ Tnontl)ly "Forest Church" on a Wednesday afiemoon was started: this is a service held outdoors in the Holy TTinit)' churchyard, where the participants seek io find God in naiuTe. All Sainis. in Luddington has a Holy Communion service every Sundav. while St Helen's in Clifford Chainbers has two services a month.. a Momin& Praise and a Holy Communion service. We have continued live-streaming the l O o'clock Eucharist service from Holy Trinity for the be￿rit of hoUse-￿Und people and orhers not able io attend the servi¢¢s in the church. Holy Trinity lias a very active congregation. with meinbers participating many groups.. the Choir. the Bell Ringers, the Bereavement Support Team. the Churchyard Maii)ienan¢e Volunt¢ers. the Coniemplative Prdyer Group, the Eco Church Team. the Flower Team. Friends of The Music. Holy Trinity in the Community, Home Groups and Courses. Ihe Ken Kennett Centr¢. Il)e Lay Chaplaincy. Municipal Charitles. Novel Theology, tlie Pastoral Contact Team. the Prayer Ministry team, Ihe Social Team. Stratford Churches Together. Street Pastors Sunday Morning ColTee, Trinity Times. Trinit}, Tots, Ihe Visitor Experience Team, a])d the Welcome Teain. The group formerly knom'n as Trinit), Ladies, Group have decided to include people of both genders in their aciivities. and so. during 2023, the group wa5 renam¢d Trinity Fellowship. Lunchtime concerts on a Wednesday each week organised by the Friends of the Music. known as "Soundbites" continue io prove extremely FK)pular. The PCC"Away Day, was held on 24th June at the Old Chapel in Oxhill. li was most successful. Holy Triniiy continued to be opened for some hours each day during the spring. summer: and auiumn, and less often during ihe i%'inter. In addition to VolUnt¢e￿ from the con&Tegaiion. during the COUTse of the year, it was d¢¢ided to emploj Visltor Welcome Assistant& so that the church could be open for visitors from 10a.m. to 4p.m. each day {exeept when a servi¢e is in progress). During the M'inter. the church is only open at weekends. This has resulted in an increase in visitors and also in income derived from those who pay to go into the chancel. w,here the main attraction is Shak'espeare s grdV¢. The two village churches in our parish are open for prayer for a few hours rach week. In Nov¢mbeT. the Triniiy Players put on iheirproduciion of Medieval Mystery Plays in Holy Trinity Church. An excellent production, it was much appreciated by those who attended. We have continued io publish our monthly magazii)e, 'Trinity Times,, both online and with sorne printed eopies delivered to those who are not on the intern¢l. The Annual Par{￿h131 Church Me¢ling was held on Sunday 14ih May. The Elecloral Roll numFtred 351= 314 from Holy Trinity. 18 from All Sainis., Luddington aiid 19 from St Helen's, Clifford ChaTnbers. The 2023 figures for baptisms. weddings and funerals are as follows:. Baptisms.. 34 at Holy Trinity- O at All Sainls,: O at St Helen's Wedding5- 15 at Holy Trinity: O at All Saints,; l at Si Helen's,. 2 at the Guild Chapel. Funerats.. 26 at Holy Trinity,. l at All SaiTrts ', 3 ai St Helen s The ministy team consists of five clerg),, tlvo of whom are self.supponingT, and the Cliildren & FaTnilies Minister: who is also a Reader. They are abl), supwrted by six retired clergy and rm'o retired R¢aders. as vell as one person who has the Bishop's pemiission to preach. Our Vicar is also Area Dean of Fosse Deanery and chaplaiii io th¢ Royal Shakespeare Tlieatre. Two members of Holy Trinity cliurch are PAROCHIAL CHIIRCH COIINCIL OF HOLY TRINIT)." STRATFORD-lIPON-A￿'O￿, WITH ALL SAINTS. LIIDDINGTOTr4 AND ST IIELEN'S CLIFFORD C.HAMBERS ANNIIAL REPORT 2023 Fouiidaiion Goveriiors for Holy Trinity Priinary School, aloiig willi the Vicar. wlio is also a lllember of Ilie Council of tl)e Sliakespeare Binhplace Trust. Our pemianent stalring situaiion Temained stead), throughoui ?023. We liave 2 full tiine and 3 part lime staff. One of the full-time staff was au'ay on Tllaletiiity leave for Tnuch of the year; and we were very fortunate to find a very able person to fill that w>si. In addilion hired 13 casual siaff as Visitor Welcome Assisiants to support our welcome to visiiors to the church throughout the year. Special mention should made of our ¢hur¢hward¢ns: Patsl Lageu. Helen Warrillow. Sherron Guise. and Tim Raistrick. Our thaiiks also go 10 Mike Warrillow. Honorary Treasurer- Chris Kennedy, Stewardship Officer. and Liz Roorne. Honordry Secrelary io the PCC. Our safeguarding poli¢y is displayed on the Church website. and all trustee& employees and vol￿teerS involved in activities with cl)ildrei) or vuliierable adults have valid DBS certificates. All records are kept Strictly in accordance wilh ihe General Data Protection Aci. There hav¢ noi been any serious in¢id¢nis. ai)d a risk managemeni stralegy is in place. FINANCIAL REVIEW The PCC'S funds compri8e those of Holv Trinitv. All Saints, and Sl Helen's churches whi¢h are managed separately, but with the accounts consolidated at the end of the year. Holy Trinity funds By far the largest resource Inovements relate to Holy Trinity. As agreed at the 2022 APCM, we have changFed the hisiori¢ nomen¢laiure of our unrestricted funds and replaced these with nomenclature ihat better reflects the activity. The General Fund covers aaivities of a parochial nature. The Trading Fund ¢overs the day-to-day income and expenditure of the church shop and Holy Trinity's ministry to visitors and ils heritage function no longer paying for res¢oraiion. The Parish Hall Fund covers rental income and da) to day costs of the Parish Centre Legacies Fund which is self-explanatory and used for specific Capital cosis Cornrnunity FUTKI erbables granls to be given to individuals in n¢ed. Designated OrgFan Fuiid- reflecting COTnillitJnents already made and required for work planned in 2024 In addition to the unrestricted funds. there are some small reSiri￿ed funds. These are deiailed in the annual accounts, and some of t￿M are referred io ￿lOw. Major projects at Holy Trinity in 2023 amounied lo £35.074. This included quinquennial work largely associat¢d ￿lih SIOne￿'0rk repairs to ihe church l£17.497). replacement of bell ropes {£2.580). investigation and d¢velopmeni of plans for lanyards for the church roof allow'ing contractors to work safely l£1.6.fj9), investigations into the ¢onstru¢tion and potential repair of ihe south aisle roof (£5.90] }. minor audio visual work (£357) and erection scaffolding ahead of organ restordtion work {£7.080). At the beginning of 2023: Ihe PCC decided io fundamentally change rhe way we operaied as a heriiage tourist attra¢tion. We have previously reqliested donations for entry and employed limited staff during summer Inonths. This year we decided to maintain frtt access lo the church as a wliolc. but to impleinent a small entry charge for visitors to the chan¢¢l. As this is a ¢harg¢ rather than a donation. we paid V AT on all income resulting froin this Change. In addition we employed Visitor Welcome As5i5tants on a easual basis io ensure we offered a posiiive visiior experience to those visiting the church. The feedback we have received has been posiiive despite ihe fonnal ¢harge and ihe in¢r¢ase in siaff levels allow us to be OF¢n io visiiors more frequently than before. The increase in staff cost has been more than outweighed b>, the additional visitor income. PAROC-HIAL C'HIIRC.'H COIINCIL OF HOLY TRJTrJITI" STRATFORD-VPON'.Al'ofs' WITH ALL SAIP4TS' LIIDDJN'GTON AND ST HELEN'S CLIFFORD CHAMBERS ANNUAL REPORT 2023 Shop sales have iiicreased from £44.000 in 2022 to over£88.500 in 2023. In addition. we have implemenied an Electronic Poini of Sale sl'stem ro Inonitor perfomiance and sio¢k. levels more closel}'. As a result. Moi)itoring of Inargiiis and profit levels ar¢ much improved while our financial controls are betteT than before impleinentatioii. Th¢ Parish Centre was available for bookingi for various cominuilltj. groups tl)roughout th¢ )'ear. However costs significantly ouiweighed in¢ome by £15.000. an amouiit siinilar to the shortlall recorded in ?022. As previouslv agrttd. this deficit will be transferred tothe General Fund. Howev¢r. a loiig tenn plan is required to ensure viability of the Parish Cenlre. In parocliial a¢tivity. Inc￿ne from regular giviiig ha5 reduced by £2.000 io around £117,OW {plus around £29.000 lax reclaim uiider Gift Aid) 85°/o of which have come through standing ord¢rs. t)onations from the collection plate hawe further iinproved by 360/0 or £3.71M) to £14.000 as congregatioiis return and start to grow. HoNwever. Ihese still remain far below the £18.000 levels enjoyed pre-pandemic. Donations for use ofihe church for concerts and similar events have reduced. falliiigT 10 £4.054 agyainsi ihe £5.400 received in 2022. Donaiions froin the congregatioii coiitinue to Ineet all of ihe salary of the Children and Fainilies Minister. refle¢ting our Continued comTnilTnenl to grow this area of the congregation. The Parisli paid a Parish Share of £129.748 in 2023 compared wilh £117,400 in 2022. The Parish now pays the full share as requested by the Dcai)¢ry eovering its full cost of clergy and contribuiion towards the Diocesan Support Fund. The unreslricted Legacies Fund has received new legacies tothlling £11.672 with no expenditure. Trinity Players Fund increased by aLx)ul £550 Telating to ticket sales from ihe Holy Trinity Mystery Play perfomied IT) November. It is anticipated there will be further donaiion of around £1.400 as the accounls from the play are finalised. This restrirted fund shows a surplus of some £6,400 at year etMI, mosi of whi¢h will again be doiiated to ongoing projects. The Properties Restricted Fund receives the investment income from St James's Trust. plus house rents partly offset by maintellance cosis. We coniinued with 2 St John s Close being the clergy house and 3 Coopers Close the reni81 property. The Surplus at ihe end of the y¢ar was £15,615 and the fund is now £21,337 in surplus. We have contiiiu¢d the practice of church group finances comiiig under the auspices of the PCC to avoid bank ¢harges on small accounts. These iiiclude the Bellringers. Hospitality teasl Coffee stop. Social Team, Triniiy Ladies aJ)d Sunday Coffee. all appear on ihe list of restricted accounts. In gencral, the surplus from the accounts is donated io ¢huwh projects or to IIKal charities. The walk-through forniat of Christmas services ¢ontinued in 2023 and very well received and donatiolls land asso¢iated gift-aid) of £5.913 were once again devoted to the PCC'S three chosen charitie In addition. the PCC swnsored a program of donation to Sirdiford Food Bank w'ith £2.200 matching funding. donating £4,525 to support those in need at Christmas. All S8)nts' funds. All Saints, funds comprise a Genernl Fund and a resiricied Village Fabric Fuiid. IogTether with ihree other very STnall. resiri¢ied funds. The Generdl Fund investinentg increased by £8.570 partly as a result of investment income and remains healthy at about £81.0(K>. The restricted Village Fabric Fund a150 remains healthy al about £29,(100. St Helen's funds St Helei)'s funds ¢omprise a General Fund. and four Testri¢t¢d fabric funds. The funds available in the Pa￿oral Care Fund were spent in 2023 and the fuiid has be¢n discontiiiued. The General Fund in 2023 PAROCHIAL C'HURC'H C'.OIINCIL OF HOLY TRINITI, STRATFORD-UPON-AN.'ON WITH ALL SAINTS. LIIDDINCTON AND ST HELETri'S CLIFFORD Cl1A￿lBERs ANNUAL REPORT 2023 showed a deficil of £1.045, and the balan¢e is now around £1 1.500. The various fabric fui)ds showed a surplus of £1.877 and i)ow stands ai £22,501 alongjside ivhich Inay be counted the resource5 gathered s¢paralely by the Friends of St Helen's towards restoraiion of ihe building. PCC balance sheel The overall balance Sheet at ihe end of thc y¢ar 5100d at £439.890. an increase of £116,568 on the previous y¢ar. The remaining investment holdings across the Parish (now mainly at All Saint5) are Cu￿entI), valued al about £76.000. Money held on deposii totals aknut £297.000 of whicli £230,966 is attributable io Holy Trinity. Mone) in ¢urrent bank accounts and cash ainounts total to around £65.800. of iihich around £43,000 is attributable to Holy Trinitv. In addition. Holy Trinity reiains some £18,589 worth of shop stock, an increase of nearlv £5,700 from 20?2. However. tum rdte remains good and the iiicreas¢ in sto¢k level reflects the slrong sales in the shop during 2023. Tlie value oli paper of tlic property ai 2 St John s Close. o¢cupied by the Associate Vicar. has now ken depreciated to zero on the balai)ce 51ieeL thougFh of course it remains a potential asset. The pro￿llY at 3 CIK)pers Close. which is currei)Ily rented OUL belongs lo ihe separate St James's Trus¢. Outstanding liabilities at year's end were £44,340, largely reflecting invoices not due and wedding deposits. Salaries Salaries The loial salary bill. including Nationa] Insurnn¢¢ and pension contributions, was some £207.274, an incrvdse of about £108.000 on 2022. (This excludes the stipends of ihe clerg'y which are met through Parish Share.) This in¢re8se largely reflects the PCC decision ro move iowards staffing the church with employed Visitor Welcome assistants during tlie summer months and at weekends during the yvinter. The PCC conlribuies either to a pension scheme administered by the Chur¢h of England Pensions siaff s salarie5 or to the Board ¢lib)ible NEST ￿nSIOn scheme und¢r the govemnient'"s auto-enrolment legislation. Staff salaries are benchmarked agTain5t good pra¢tiLe in other PCCS ii) the Major Cliurch¢s Network, and all staff salaries are above the Living Wage {as recommended by tlie Living Wage Foundation, which is higher than that required b}, law). Annual increases are Ixn¢hmarked against rdtes for the Coventry Dio¢esan la)J siaff. Reserves Policy The PCC'S policy is io maintain in the ui)reslricied reserves a miniinuin of six Inonths unavoidable payroll ¢ommiim¢nts- CUJTently around £50.0￿- and nornially to keep aroiind £50.000 towards future restoration expenditure. It will be clear from ihe above that ihis policy was fulfilled throughout 2023. HoM'ever, it is likely that we will dip below this level in 2024 due to the amount of capital expenditure planned. Fraud, theft.and damage There is no eviden¢e of any impairn)ents in 2023 and the PCC is thankful for ihe vigilance of paid staff and elecied officers. which ensures that propcrty is kept se¢ure and that receipis and payments are processed securely and in good time. Risk assessTn¢nts. financial and other. are carried out as required on all activities. and a compTehensive updat¢ of th¢ PCC"s regular overdll financial risk asse55ment 15 due. tructure vernance and mana ement The P8r, the Operations ManagJer as a ￿11-V01)ng¥ Inember. meets regularly. making urgent decisions or sendin¥ recommendaiions io PCC. In addition to its Away Day. the full PCC met six times during (he year wilh an average attendance of79ts/0. Each PCC meeting fo¢usses on the activiiies perfornied bv a varieiy of grou￿ i¥'ithin the church. This approach provides ihe dual benefit of greater awareness of kev areas of ehurch life. as well as providing a forum for groups to share issues and successe5 Wlth PCC mcinbers. Administrative infortnation The Parish of Stratford-upon-Avon ¢ompris¢s three churches.. Holv Trinity in Sirdiford Old Town alongside the Riv¢r Avon. All Sainis in ihe srnall village of LUddingtO￿ and St Helen'5 in the sinall village of Clifford Chambers. The ¢orrespondence address is Parish oifice. Old TO￿n. Stratford-upoii-Avon. CV37 6BG. PCC Tnembers who have served from I si January 2023 until the date the report w&s approved-. Ex-officio rnembers Incumbent Reverend Patrick Taylor Reverend Steve Jarvis {Chair) Associate Vicar A5sociale Priest Reverend Kay Dyer Reverend Thomas Powell Assistant Priest Deacon Reverend Einma Harrington Ms she￿￿7 Guise {from July 2023) {until Dec￿nber 2023} Churchwardens Mr Paul Lageu MT Tim RaistTi¢k Mrs Helen Warrillow Dio¢esan Svnod MrAnthony Woollard Deanery Synod Miss Jane Amiitage Richard Hartley Mrs Teresa Kristun (until November 2023) Ms Beckey Barton Elected Mcmbers Mr Sainuel Bridges Mrs Heather Fletcher Mr Sainu¢l Jupe Ms Marie McDougal PAROCHIAL CHIIRCH COI1NCIL OF HOLY TRINITY STRATFORD-UPON-AW'ON WITH ALL SAINTS. LIIDDINGTON AND ST HELEN'S CLIFFORDCHAMBLRS ANNIIAL REPORT 202) Ms Sarah Paine Mr George Reah Mrs Liz Roome Mrs Lynn Suier Mr Mike Warrillow Cfropted Members A rep. from Si HeleJ)'s, Clifford Chambers By invitation as non-voting observers.. Mr Douglas KeilitzDirector of Music Ms Lola Spetsioti Operations Manager (until January 2023) Mrs Liz Marshall Op¢rations Manager from January 2023) Mr Phil Harper Children & Families Minister {until November 2023) Responsibililies of PCC members.. Charity Law requires the Member5 of the PCC io prepare financial statements for each fiscal year, which give a true and fair view of the disposition of the funds at the end of ihe fiscal year and of the financial Irdnsactions for the year. In preparing these financial statemenis, the memtxrs are required to.. select suitable accounting policies and then apply them ¢onsisiently- make judgements and estimates that are reasonable and prudenl. Staic whetlier applicable accounting standards have been followed, subject to any material depanures disclosed and explained in the financial siatements; prepare the financial statements on the basis ihat the Charity will continue in operation unless it is inappropriate to presuJne this. The members are responsible for keeping prO￿r accounting re¢ords io enable them to ensure that the financial statements ¢oinply with rhe Statement of Recommended Practice and the Ch2rities Acl. They are also responsible for safeguarding the assets of the Charity and hence for iaking steps for the prevention and detectioi) of fraud and other irregularities. The members have referred to the guidance contained in the Charity Commission'5 generdl guidance on public knefit when reviewing the Charity's aiins and obje¢iives and in planning fuiure activities. In particular, they have consi(kred IK)w planned activities will conlribuie to the aims and objectiv& set. Approved by the PCC on 19 March 2024 And signed on their behalf. The Reverend Patrick Taylor (PCC Chalr) INDF.PEliDENT EXAMINER'S REPORTTO THE PCC OF HOL)" TRINITY STRATFORD-UPON-AVON 'ITH .4LL SAINTS, LLIDDINGTON, AND ST HELENS CLIFFORD CHAMBERS I report on ihe financial statement5 of the PCC for the l'ear ended 31 st De¢einber 2023. which are set out on Pag￿ I 110 29. Respective responsibilities of trustees and ex*miner The irustees {who are also ihe dir¢ciors of the company for tl)¢ purwses of company law) r¢s￿nsible for the preparatioii of the financial ststements in accordance with the requirements of ihe Companies Acl 20061'the 2006 Act.). Haviii&7 satisfied myself that tlie financial statements of the charity are not required to be audited under Part 16 of ihe 2006 Act and are eligTible for independent exainination. I report in respect of my examiyJation of tl)e ¢harity's financial 5tatemeiits as ¢2ttied out under section 145 of the chariti￿ Act 2011 Iihe 2011 Acr). In ¢3rrying out my examination I hav¢ followed the Direciions given by the Charity Commission und¢r section 145lb} of the ?0 I l Act. This reFKTrrt. including my statement, has been prepared for and only for the charity's trustees as a b(MJy. My work has been undertaken 50 ihai I mighi state to ihe eharity's truste¢s those matters l am required'to state to tl)em in an independent exaininer's ￿port and for no other purpos¢. To the fullest extent perniined by law. I do not accept or assuine responsibilitS' to anyone other than the chariiy and the charity's trustees as a body for m). examination work. for this report. or for the statemenis I have made. Basis of independent examiner's repor¢ My examination ivas Ca￿led out in a¢cordance with the genernl Directions given by the Charity Commission. An exarnination includes a review of the accounting records kept by the chariiy and a comparison of the finaiicial statements presented witli those records. It also includes consideration of any unusual items or disclosures Ln the financial 5tatemenis and seeking explanations froin you as trusiee5 concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the firvdncial siaternents preseni a 'true and fair view. and the report is limiied to ihose matters set out in the statement below. INDEPETr4DENT ExA￿lINER's REPORT TOTHE PC'C- OF HOLI, TRIYITI, STRATFORD.IIPON-AVON WITH ALL SAINTS. LL':DDINCTOTrJ AND ST HELEN'S CLIFFORD C.NA￿lBER5 I confirni thai l am qualilied io undertake tlie exaininaiion b). being a qualified Jnember of the Institute of Chartered Accoiintants in England and Wales wliich is one of the listed bodies. lttdependent examiner's statement In connection with my examiiiation, Ivhi¢h is compleie. no matters have eoine io my attention which give Ine reasonable ¢ause to believe that in any material respect: accounting records were noi kept in re5￿ct of the PCC in accordatKe wilh section 386 of the 2006 Aci; or the financial statements do not accord with those records; or tlie finaiicial siatement5 do not compl), with the accouniing requirements of section 396 of the 2006 Act other than any reqU1￿me11t that rhe financial statements give a 'true and fair view which is noi a matter considered as part of an independent examination- or the financial statements have not been pr¢pared in accordance with the methods a])d Principals of ihe Stateinent of Recommended Practice for accounting and rerK>rting by charities applicable to Charitil￿ prepariiig their accounts in accordance wilh tl)e Financial Reportin¥ Standard applicable in the UK and Republic of Ireland IFRS 102). I have no ¢oncems and have come a¢ross no other matters in ¢oniiection with the cxamination to which. in my opinion. ati¢ntion should be drawn in order to enable a proper understanding of the financial siat¢tnents to be reached. David Hoose Ma28rs LLP Firsi Flwr Two Chamb¢Tlain Square Bim)ingham B3 3AX Dale: Mar 26, 2024 10 PAR￿ HIAL C.HURI.'H COIINCIL OF HOLI. TRifilTI' STRATFORD.IIPON.AVON WITH ALL SAINTS. LIIDDITr4CTof4J AND ST HELEN'S CLIFFORD CHAhlBERS STATEMETrJT OF FINANCIAL ACTIIIITIES Iln¢orporatlng tbe In¢ome and Expendlturt A¢eount) For the )¢ar ended 31 Detember 2023 Unrestrieled Regtrie(ed fund5 funds Totol funds 2023 2022 Note$ INCOME Income fTom diinJii(In% and legacies IncomL' fT()m 8n¢illary Irading Oiher in¢i)ming res()urces Ineume Irom in￿estMentS 2b 233.(M)2 348.689 2.749 12.416 97.382 330 1.744 24.836 330J84 349,019 4,493 334.992 162.170 2d 27.5?0 TOTAL 596.&56 124.292 721,148 524.682 EXPENDITURE Raising Funds 3a 198.312 15.718 214,020 109.204 Charitable Actlvitits )rants Aciiiities relaied to ivork ofLhurLh Ceniral administralion 3b 3.382 300.063 62.249 9.100 22.336 12,482 322 J99 62,249 22.559 312.012 53.696 3d TOTAL 611,150 497.471 SURPLUSIIDEFICITI BEFORE INVESTMENT GAINS I LOSSES 32,860 77,138 109,998 27.211 Ini'e5lTneni gainslllossesl 4,729 6J70 19J181 NET INCOMING IIOUTGOINGI RESOURCES 78,979 17093 Transfer beThi'een fllnds 10 12.147 NET MOVEMENT ITr1 FUNDS 49.736 66J32 17.893 Balanc¢ bToughi f(Di'ard l Januan. 2022 116,971 323J22 305.429 BALANCE CARRIED FORWARD 31 Decembtr 2023 183MI3 439,890 323.322 The noies on page5 14 10 32 fomi part of these financial siaiements. lThe location of ihe SOI.-A for the prior p¢riod being in note 2a. PAROCHIALCHURCH COUNCIL OF HOLY TRINITY sTRATFOR￿￿PON-Av0N WITH ALL SAINTS. LIIDDJTrIGTON AND ST HELEN'S CLIFFORD CHAMBERS BALANCE SHEET as at 31 Detember2023 Noies 2023 2022 FIXED ASSLTS TonEibl¢ assets Holv Trinits lrtvesimeni a5seis 5b All Saints Si H¢ltn4 50.264 413 76AIHI 69.830 76AOD 69.830 CI'.RRENT ASSETS 18.489 26ffj23 12.872 24.755 D¢biors Shtrll Itmi d¢posiis Holy Triniiy 230,966 42,683 St H¢l¢n5 21.524 296,760 123.997 Cash 4t banklin hBnd Holv Trinity 43.042 12.208 10.608 98.991 Si Helens 11.004 115.964 407,830 277.588 CREDITORS: ANIOI'NTS FALLING DI",E WITHIN OIYE I'E,IR 144J40 123,6851 'ET CI'RRETriT ASSETS 363.490 253.903 CREDITORS: AhlOI'NT5 FALLING DI'F BEI'ONDONE I E.4R 8b 303.490 253.492 NET ASSETS 439,890 323.322 FIINDS Utwesiricied 10 Holy Trintly All Saints St Helens 163.487 81,081 121.276 12.564 206.351 R¢51ricred Holy Trinity All Sainis Si Helens 132 J97 70.778 2U.624 183.80J TOTAL FI)￿Ds 439,890 323.322 Approvtd *uihorised (or issy¢ bi. the PC.C. on 19 March 2 and signed on their beh4lf by: Patrirk Ta)"ltrr l)" The noies on p¢es 14 10 32 fornj pan of th¢5¢ financi￿ sw¢m¢nts. illow IH Teasur in siock- 27.520 Nct tash lu$td illvprtswldtd bw Inwtstln8 aCtlillit$ 43WO C#sh flu￿￿ from fin#th¢lni x¢ili-lile$'. Borro￿1n8 4ei ¢*sh proi'idtd bi fin•n¢in% *rtiiitles Change in ta5h in tht reportinR perHbd Cash ai beginning of reponing p¢riod 122.647 2J9.961 213.710 Cash al end of ￿por¢i￿g period 362,618 239,961 13 PAROCHIAL CHLIRCH COUNCIL OF HOLY TRINITI, STIi4TFORD-UPON-AI'ON II'ITH ALL SAINTS. LIIDDINCTON AND ST HELEhJ'S CLIFFORD CHA￿lBERs NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 ACCOUNTINC POLICIES The finanLial statemenis have been prepared in acLordance M'iih ihe Church Accouniing Regulaiions 1997 as dmLnded b! ihe Church Acvouniing (Arnendmenil Regulation5 20ffi 1(Igeiher ii'iih appliLable LIK Accounling %tandards. inrlu(lin¥ thl I"-IDan¢ial Il¢p(brting %undard 1112 1l.-RS 1021. and th¢ Sw¢menl i)I' ReLommended Pradice n¢inher 2019 1 FRS 1021. The Ociober 2019 ediiion of ihL Chariiics SORP IFRS 1021 includes amendinenis arising from ihe Financial Rep(irtinB Council's triennial M'io%' ofthe standard. There 1% nli maleTial eftcci on ihe amount5 recognised in the%e linancial statements tEcau5e ot'adopiing the￿e arnendtncnls. The financial siaiements have been prepared under the historical c051 coni'ention eicept for ihe valuation ol'tniesimL'nt asse15. 11.hich are shoil'n ai markei Kalue. The financial 51atement5 are prepared in slerlin8 ￿h1¢h is the tunciional currencTr ()I'ihe Lharit) The PCC. consiiiuies a publi¢ ￿nefit eniii> a% defined h!. FRS 102. Members of the PCC consider that there are no maierial uncertainties about the PCC'S ability lo continue as a 80in8 concern. Fvnds Generdl fund5 represeni ihe fund5 ofthe P('C' that are nol subj¢cl 10 ani, re51ridions T¢gaTding their u5t and are ai'ailable tor application on ihc genernl puryxJse8 01. the l)("C. Fund% de8ignated r()r a particular PUTPY)se b>" Ihe PCC aTe also unresiricied. The aLcounts include all IransaLiion& asset5. and liabililies lor ii'hich the PCC is r¢sp()nsible in IdI4. Thev do noi include the acciiunt5 of church group5 that 0￿¢ tlieir rnaiD 41filir losses are accountcd for on the rei'alualion of inN"estrnent5 on 31 Drtember. 14 PAROCHIAL CH(IRCH COIINCILOF HOLI. TRINITI, STRATFORD.IIPON_AVON ITrJTH ALL s.41￿1.%. LI'.DDINCTON AND ST HELETrJ'S CLIFFORD CHAfiiBER5 OTES TO THE FINAIYC-IAL STA TEMENTS For the vear ended 31 December 2023 Expenditure l.iabiliiies aT< reco8nis¢d a5 rcwurces cxp¢mded as six)n as Ihere is a Ic8al or consiru¢tive obligation ommiiiin8 lh¢ P('C' io ihe eXp￿ndtI￿rt. All eKpendilurc 18 d¢r()unied ltir on an acLYua15 basis und has ¢la%%ified undcr headin8s thai aggrL'&4lte all COSIS relaled to th¢ catL'8()ry. liranis and dunations are accounted for ii,hen paid i)i'tr. or ivhen #14'arded. if that ai4ard crea¢es a ¢onstructii'c (>bligation on the PCC. .4cii)'Ilie.f direcily FYIuiiii8 lu ihe M'ork of ihe Chiii'ch. The diOceba￿ pari%h share 1% aecnuntcd lor ii.hen pal'dble. An). pari8h shar¢ unpaid at 31 December is pr(ii'ided for irt these accounts as an 0￿rational Iihou8h n()1 a le8ali liabilit). and is shO￿.n as a crcdii(IT in the Ba14nce SheLI. Fixed Assets C ons¥c'i'aivdpiopei'iJ nio}￿ble ehurchfiiiiiishFn%. C'on%ecraled and beneficed PTopeny of ani kind is excluded tTom Ihe aLC()unts bv s.10 of the CharTItrcs Act2011. Movable church furni%hings hcld bi the VIL￿ and Chur¢hiiardens on special trust IDr ih¢ P('C'. and Ivhich r¢quire a facults. for di5TX)sal. are accounicd a5 inaliLmable propert! unless wnsecraied. For inalicnable propeni. acquired PTi(Ir to 20(K) Ihcre is in%ul]icienl cost inl()rrnaiion ai'ailable and therefore 8uch &%sels are not Nalued in the a¢Lvunts. Iiems acquired since l .lanuar), 2000 have been Capitalised and depreciated in the acc(kunis oier their currenilTr aniicipated useful economir lite on # sir3ighi-linL basi5. All eX￿ndItUre c)n (x)ll5ecraied or beneticed building& indii'idual iletn8 under £3:000 or on ihe repair of movable church furniihings acquired before l January, 2000 15 11'riiien (?t'f. ClffFX), hoiises The clerg!, house at 3 Coopers C105e is the propenv c)f the Si Jam¢s s Trusi ol- H,hich Ihc PCC. aT mana8ing truslees. 11 15 reterred t() in ihe aiiached Noie% (Note 101 bul is noi ialued as a PCC a5Sa. The clergi house ai 2 81 John s C lose. bein8 the prop￿rt￿ of Ihe PCC. 1.% i'alued at purchase price less depre¢iaiion on a SlTaighi-line basis OWLT 10 l'ears. As a p￿ential operaiional propeni. it has not been relalued. and ils FMX)k i'alu¢ 1% a¢¢ordin81} noi¥. zero. 011￿1'fixI￿le.F.r1l1i￿SJ, and office È4tr1ipmeni Equipmeni used i¥ithin Ihe church pr¢in15es is in general depreciated ()rt a strdight-line basi5 ol'u 10 ears. Indii'idual iiems of ¢quiprneni ii'iih a purchase price o1-£3.OOOor less are i¥riticn (iff ii'hen ¢h¢ a55ei 15 acquired. Im'esinpenf Investments are I'alued al market value ai 31 Decemb¢r. Currevt asse(s Arnounis oi%'inB to th¢ PCC. on 31 December in res￿¢1 ot- fees. renis or oiher income are showm as debtors I￿ proi'iston IOT amounts thal may pr(Ii'e uncolleC￿ble. Shthrt-le￿ derrt)sit5 Énclude cash held on dewsil eiihLr li iih the CBF Church of England Funds or ai the bank. Stock is valued al th¢ loii'er ofeosl and nel realisable value. 15 PAROCHIAL CHIIRCH COIINCILOF HOLI, TRINITI, STRATFORD-UPON-AI'OFI W'ITH ALL SA1Tr4TS' LiIDDINGTON A￿D ST HELEN'S CLIFFORD CHAMBERS NOTES TO TIIE FINANCIAL STATEP41EN'TS For the year ended 31 December 2023 Operating leises Renta15 paNable under oper21ing leases are Lharged lin a 5ITaight-line ba5.is oi'ei. the lem ()f the I￿5¢. Pension Scheme Pension Scheme 'T'h¢ l>('C' participales in the l)ension Builder SchLmL %<￿111)Th ill. Cll,'I>F- l(Ir laN stall-. C'WPF is administervd b lh¢ Church i)t-F.ngland Pen%ions Bourd. Ivhich holds the CWPF a%sei% 8epaTii¢el) from thosc ofihe Emplo}er and oihtr yariicipatin8 emplo>ers. The Pension Builder Scheme of ihe CMIPF is made up uf tsio sections. Pension Builder Cl￿$1¢ and Pension BuildLr 21114. ix)th ol. i%hich are cla55ed as defined ￿,ne111 %chem¢s. Thos¢ emplol'ees ol- Ihe PCC w.ho arr eligible tor supp)n ioii'ard% ￿n$1(￿n% arL Tnetnbers ofthe latter. Penslon Builder20J4 is a cash balance scheme Ihdl pn)I"id¢5 a lump SUTn iihich members use to pwi'ide benefits at retlT¢rn¢nl. l)en5Ton coniributii)ns are rLLorded in an aLcount for eaLh rnernber. Discreiionan tx)nus¢s ma) be addcd bL.fore reiir¢m¢ni. d¢p¢nding on ini'e.%imeni returns and i)Iher 1dili1T￿. I'h¢ account. plus an} declared 15 pajable. unreduced. from age 65. The￿ is sU￿di1.is10n of assets bei￿'eLn empli)>'ers in ea¢h b¢Llion iifthe Pension Builder S¢heme. The schemc is cnnsidered to be a mulii-emploier scheme ￿ described in 8¢¢li(In 28 of FRS 102. This is beLdUSt li is not possible to aitrihuie ihe l)ension Iluilder Scheme s a.%seis and liabililiL% ti) %perific ¢rnploier5 and means that contributions are accounied for as if the Schetne m.ere a defincd coniribuiion %Lheme. The penEions costs Charged lo ihe SofA in ihe )ear are the coniribuiii)ns pa)'able {2023.. U.905, 2022.. £3,601 I. A valuaii()n i)f ihe Pen%ii)n Builder Scherne 15 carried oui once e%er) Ihree }ears. Th¢ tn(151 receni Valuation M'as carried oui &$ at 31 December 2019. For th¢ Pen5i(In Builder Classic 5cciion. the 2019 valuation reiealed a deficit of £4.8m on ihe ()ngiiing sumpiii>ns us¢d. Al lh¢ rn051 recent annual rci'iei¥ et7ective l Januar% 20?4. Ihe Board chose 10 gr￿1 a discrciionan. bonu% ot. 6.70/d lo both TEllSiOllS not in pai'meni and pensii)n% in pa)'En¢nt ID respeci ol. service prior to ApTiI 1997: and a banus on pen%ion% in pavmenl in respect o1'k￿s1 April 2006 SL'n'iCV %(} that the pension increabe wa5 5•/0 li¥here u5uallN' li i¥ould be Lal¢ulaied b￿ed on inllation up to 2.50AI. Thi8 fthll()Th'ed improi'¢m¢nis in the funding w5iiion oi'er2023. There is no rL'qllirement ford¢fiLil pR>"ments at the cu￿en[lIMt. For the Pension Builder 2014 ￿trIl(l￿. the 21119 i'alualion rei'ealed a surplus of£i.5m on the ongoin8 assumptions used. Thcre is no requiremeni fDT deticit pai ments al the current time. The nexi ￿aluatIon due as ai 31 D¢cemb¢r 2022. Calculations lor this ar¢ ¢urre¢)ilJ under iva). Financial Instruments The Chdriti onl! has financial a55Cts and finaneial liabiliiies i)f a kind ihai qualifj. a5 basic financial in%tnJtnents. BasiL finanLidl insirum¢nt5 are initialli reeognised ai iransa¢ti(In imlue and subwuenili measured at their sdtlemeni value. Judgements and Estlm8tion$ Th¢ trustees hai'e noi madL 2nv signifioani judgements in the pnicess of appl>"ing the attounting TK)licie5 and there are no areas ol. estimaiion unLeriaintN ihat hai.e a signifJL4nt risk of ￿Using a material adjustment io th¢ Ca￿)"ing amounts ot'a55eis and Iiabililie5. 16 PAROCHIAL CHIIRCH COUNCIL OF HOLI. TRINITI, STRATFORD-UPON-AIION II'ITH ALL SAINTS. LIIDDINGTON AliD ST IIELEh"S CLIFFORD CHAMBERS NOTE5 TO TIIE FINA￿'(IAL STATEf41ENTS For the year tNded 31 Deeember 20LI STATEVAENT OF FINANCIAL ACTIVITIES Ilthrt%tri¢ttd nds Rt5trirted I nrt5trirlf RcJlriri¢d fvnd$ 2023 2022 I%('OIIE IncomL from donaiions 8nd Icgacks InLOnk- Irijm uncillaty ttading OthLr Iniomc ICJR&.?A YE relundl frttrn InV¢￿M¢￿L% 97.3L? 33U 1.744 33fLM4 349,1)19 U93 37,2$2 103.787 334.49? 14th.t￿5 348.689 *4.686 TOTAL 124.292 721.148 j?4.6S EXPENIIITI'RE Raisin8 Funds 19¥.30• 214020 99.019 C'harttAbk4rih.Illes Grants 3b 9.1 IZ.481 5.ItA) 17.399 AetlviTk% relat&1 ￿ ￿¥￿￿rehllrch 3t ??.336 322.399 140.040 trol odrnin151tation 3d 62.249 8.10 53.696 TOTAI. 397.085 100.380 497471 SI.'B T()TAL 77.ljy 109.998 18.087 InvestmentEainsJlk>ssesl 1729 ET INC-.DMINI l-l(OIIT(-OINI-I RESOI'Rf.FS 37_49 78.979 IIL 17.5841 15.477 17.893 Transfer t¢tween r￿dS 11147 19131 NÉT MO1"EML￿T I¥ &II jDS 49.736 6&832 17.893 Balance bro￿k1 fI)rWa￿ l January I￿3/ i January ?O?ti 2Wk.35l I1￿971 323.322 ?14.848 90.581 305.4?9 Balanttt*rried JI Dttember 2023 131 Dete￿￿￿2022 183J03 439.890 ?￿.351 3?3.32? 17 PAROCHIAL CHL.'RCH COIINCIL OF HOLI, TRINITY STRATFORD-LIPON-AVON WITH .4LL SAINTS. LUDDINCTON AND ST HELEN'S CLIFFORD CHAMBERS NOTLS TO THE FINANC'IAL STATEMENTS For the veor ended 31 De¢¢mber 2023 2b INCOME FROM DONATIONS AND LEGACIES Unrestrieted funds Restricted funds Total funds 2023 2022 Planned giving Income tsx recovered Collcctions Grants Donations, appeals et¢. L¢￿a¢leS Fundraisin8 events Sundry incomc 126.117 32,807 127,212 129.303 36.311 14.838 30.604 86,736 17.882 12.607 6.751 2.428 4011 1.430 69,487 22.764 7.464 102,fj93 13 J31 6.034 33.106 11.8118 3.248 3.728 233,002 97J82 330J84 334,992 INCOME FROM ANCILLARY TRADIYG Ullrestritted Fund5 Restricted fund5 Total fund5 2023 2022 Magazirt¢ Shop artd chancel Church hall lerting Fees 710 291.574 19.ljl 37,274 7111 291.474 19,131 37ts04 16,232 19,?LN) 25.323 330 348,689 330 349.019 162.170 2d INCOME FROM INVESTMENTS Unrestrirted Funds Restricted funds Total funds 2023 2022 Dividends and inierest RenLS 12,416 3836 21.0110 163.42 21,000 6.520 21,0(X) 12,416 24036 27.520 PAROCHIAL CHIIRC"H COUNCIL OF HOL), TRINITI. STRATFORD-UPON-AVON WITH ALL SAINTS, LUDDIN'CTOP4 AND ST HELEN'S CLIFFORD CHAMBERS NOTES TO THE Flh'AN'CI.4L STATEIIENTS For the )ear ended 31 Detember 2023 EXPENDITiIRE ON RAISING FIINDS Unrtstrleted funds R¢strloted funds Total fuDd$ 2023 Magazine co%is Church h311 running Costs Rental propenv costs Shop and chancel cost5 Fundraising ¢osis 480 34,321 480 24.3(X) 5.682 74.239 4,503 34J21 163,$01 8.159 198ao2 214,1120 109.204 3b GRANTS Unrestricted funds Rtstricted funds Tot91 fund5 2023 2022 MissioD#ry and ¢haTithble giving (see note 121 3,382 9,IlVJ 12.482 22.559 3,382 9,11)0 12,482 22.559 ACTIVITIES RELATEDTO 11.'ORK OFCHURCH Uthr¢strltted funds Restritted funds Total funds 2023 2022 Ministry.. Pari%h sh2 Ministry.. clcrgy expens¢s Minisiry.. clergy housing Ministry.. Lav Minister Cliurch running cost5 Chuich maintenance Mis%ion and outreach Clioir and organist Major iiein515ee nol¢ I l} Fees Depre¢iaiiort 129.748 4,633 2.280 JJ J20 129,748 4,633 2.280 33 J20 117.400 3,310 4.815 27.146 29.706 23.722 1,790 25.098 79.025 2J46 21 J86 1,837 22,21KI 2392 27,730 300.063 22J36 322J99 312,012 19 PAROCHIAL CHURCH COUNCIL OF HOLY TRINITI, STRATFORD-UPON-AVON II'ITH ALL SAINTS, LIIDDlh'C.TON AN'D ST HELEN'S CLIFFORD CHAMBERS NOTES TO THE FINANCIAL sTATE￿IENTs For the year ended 31 December 2023 3d CENTRAL ADf4iiNISTRATION Unre5tritt¢d runds Restrhtted fund$ Totsl funds 2022 2023 Printing and stationery Telephone5 Salaries. trainin¥. and sundries Independcnt Examiners Fee Sunthy 5,587 4.973 688 43.835 4.21K> 3,710 2,1178 3,710 2.078 62249 62349 54.696 Govemance cosrs of the chariry.-qtri¢¢ly defined. are negligpible. a5 virtually all governance 15 carried out by clergy (w'ho are noi PCC eniployecsl or voluni¢cr lay peopl¢. A very small PToporlion of cosis su¢h as siationery and leleph(Trrtes could be attTibuied to th¢ govcrnancc function but it Is noi ptaclicable to idcntify these within the general costs of¢¢iilral administraiion. Thosc costs. as set out abDV¢, also ittclude a proportion of salaries of certain staff. Other sa12Ties are ittcluded within 'Cost ocraisirtg funds" sin¢e they relai¢ mainly to managing the church as a visitor attraction. Where ststTand 50rne other support cosis are split between functlolls. this is on an c%timaied-tiii)e baEi5. 'Support cosis" are difficult to qyantify sepaTately siiiee 211 staff have a pllblic-facing fvnction and are thus pan of the church's mintsiry a5 WCII as providing SlJPPOrt lo thai ministry. INDEPENDENT EXAMINATION, FEES The PCC cuttently falls below the sranjtory income threshold for full audit, and the a¢counts w'ere dieiefoT¢ simply ind¢pendenily examincd by David Hoose of Mazars LLP who have conducted ind¢p¢ndenl examinations for several ycars. A PTovision of £4.410 including VA T was made for this i thc accounts. 20 PAROCHIAL C'HIIRC'.H COUNCIL OF HOLI. TRINITI. STRATFORD_Iipor4-AIION M'ITH ALL SAINTS, LIIDDIliCTON.4ND ST HEI.b.N"S CLIFFORD cHA￿lBERs NOTES TO TIIE FINANCIAL STATEMENTS For the year ended 31 Dtrtrnber 2023 STAFF COSTS 2023 2022 Salaries Employers National Insurance Eittploycrs Pension contTibulion5 198.375 4,995 3.904 93.080 2.561 3.601 207274 99,242 Part- And full-iime employe¢5 Ifull-time tquivaltnt averaBel In 2023. we moved lo employing Visitor Welcome Assistants on a casual ba%ii 10 %upport Ilie vi%ii01 experience wc offered at Holy Trinity. Tliirleen siaff We￿ employed with three WOTking an approximatcly four-houT shift ai any one timc in the churth. While this has significantly increastd out s13ffingJ cosi. (his has been far outweighed by the improved fe¢dba¢k from visitors and increased Irading SUTpIus. Key personnel.. Of the employed siatT, two report directly 10 the Vi¢aT and One to the A&80¢iate Vie2r. These may be rcgarded as key PCTsonnel. Their rernun¢Talion on an actual basis. includins employer pensson coniribuiions, totalled approxiniately £74,(KX>. No PCC members ITTUSte¢sl or relaied parties received remuneTation in re5pecr of Iheir seTvices membeT5 of the PCC. No rnarerial ¢laim8 have been rnad¢ for out-of-pockei expenses by such members. Whilsi ih¢y. and other members of the church including rciired clergy. may ineur %uth expenses from lime to time. any claims made are e¥lTeinely rare and non-material.. and. since such cosis would relate purely io local tr2v¢I etc. Ihey would bc insignifi¢ant, and accordingly tjo value is here placed on expenses waived. Pe#$lon$: The PCC op¢rat¢s a defined contribution pension polity under which eligible employees below pensionable age may benefit from a contribution of 5.5 /0 of salary. The PCC has since l July 2016 been subject to the provisions of aui(Fenrolment. which direeily #ffec15 pcrsoJnel eaTning over aboui £1 O,O(Kl per annum, within a scheme adrnini51ered by the Church of En8land Pensions Board. For easu21 staff. we have offer¢d eJtLployees the Oplion of joinin8 the NEST pension scheme whieh 15 Inore easily transferrable. 21 PAROCHIAL CHIIRCH COUNCIL OF HOLY TRINITI, STRATFORD_IIPON_AI'ON IIIITH ALL SAINTS. LL1DDINC.I.O￿ AND ST HEI.ENJ'S CLIFFORD CHA￿lBER5 NOTES TO THE FINA￿(IAL sTATE￿IENTs For tht ye*r ended 31 Dt¢ember 2023 TANGIBLE ASSETS Holv Trlnity Lathd & Buildlng Equipmertt All S91nl$ St Htlen$ Total Cosi Al l Januari 2023 Addiiion5 137.501) 24.479 l()1.979 Al 31 Decemb¢r 2023 137.500 24.479 161.979 Depreeiation At l JanuJn 2023 C'har8e lor lh¢ lear 137.5(KJ 24.479 161.979 Ai 31 December 2023 137.5(Xl 24.479 161.979 P4et book value Al 31 Deceniber 2022 Ai 31 Deeernber 2023 5b INVESTMENT ASSETS.. MOVEMENT IN THE YEAR 01.01.23 Disposal$ Nel gAins 31.12.23 HOLY TRINITY 927 shares CBF Inv Fund (Fiesi'dl 19,153 1.802 ALL SAINTS 2.432 shares C'BF Inv Fund 4,729 54,993 ST HELENS 20 shares CBF Ini, Fund 413 39 22 PAROCHIAL CHIIRC."H COUNCILOF HOLTr' TRIP41TV' STRATFORD.IIPON-AVON WITH ALL SAINTS. LUDDIN'GTOY AND ST HELEN S CLIFFORD CHA￿lBERs NOTES TO THE FINA4ICIAL STATENI IENTS For the year ended 31 Dectmber 2023 ANALYSIS OF ￿ET ASSETS BY TYPE OF FIIPID Total Funds L'oresirS¢ted Funds Restricted Funds 2023 202? Fixed assets InN¢%ltn¢nt5 C'tjrreni as%¢ts C'uTreni liabilities 21.406 174,498 76.400 407.830 144.3401 09.830 277.588 144.3401 2.$6,1187 J83.803 439,890 323.J22 DEBTORS 2023 2022 Prepayments Other 14J22 12 JOI 12.238 12.517 Total 23,623 24.755 8a. CREDITORS: AMOUNTS FALLINC DUE WITHIN ONE YEAR 2023 202• C'redilors for 8oods and services 44J40 23.685 44J40 23.685 8b. CREDITORS: AMOUNTS FALLING DUE AFTERONE I'EAR 2023 Due w'ithin 1-2 l'ears Due M'ithin 2-5}ears Crediii)rs falling due after one lear in 2022 relaie lo an unsc£ured iniere%t frec l(?an for a kiichen for 2 St John's c.lose ia pr(Iperty' oii'ned bN Lhe PCCI. Thi% ii'&s fulli. Tepaid durin8 2023. 23 PAROCHIAL CH(IRCH COUNCIL OF HOLY TRINITY ST￿￿TFORD.(7PON.A}10N H'ITH ALL SAINTS. LIIDDIliGTON AND ST IIELkN'S CLIFFORD CHAMBERS NOTES TO THE FINANC'IAL STATEhlkNTS For the year ended 31 De¢ember 2023 9. RECONCILIATION OF NET MOI'EMENTS IN FIINDSTO NETCASH FLOI4.' FROM OPERATING ACTIVITIES 21123 21b22 Nei mO￿*me￿I in funds Depreciation ICs8in%l l LLlbSes on invesimeniq Dih'idL'nds. I￿lereS1. and rtnlb Ilncr¢gs¢lld¢cr¢a5e in debiors InereaselidccTca8el in crediior% 17.893 9.318 127.5201 3.4U2 137.?%21 20.244 Nei c*$h proi'ided b) I lused in) optrbting 8¢tiiilit$ 91.122 17.6391 24 Ir• Ir• ￿ Ifj r4 Iri e4 Yr4 r4 >.. PAROCHIALCHLIRCH COISNCIL OF HOLI, TRINITI. STRATFORD_UPON.AIION. 14'ITH ALL SAINTS. LIIDDIP4GTON AND ST HELEN'S CLIFFORD CHA.MBERS OTES TO TIIE FINANCIAL sTATE￿IENTs For the v¢8r ended 31 Dettmber 2023 Jo. FIIND DETAILS Icontlnuedl Unrestricted funds- Hol). Trinity l-he Lieneral fund i.R Ili)1Tr I'rinil!. s g¢neTal lund d" repTcsenltd fund5 disbur%¢d io indii iduals 8ndlor l()cal ¢hariliLs for the relief (If need. Lxpendilur¢ ihis i ¢aT larg¢li in line li iih prior surplus and Ihe small detlLII resultirtg has been transferred to ihe General lund and Mill k aciii'iiies ii'ill Et rq>orted Ihere in tuiure Th¢ De%i8nated tund fororgan restoration 74'a5 established in 2022 t() ringfet)ce funds ¢ommiited io orgon resLoraiiLin. A5 5uÉfiLienl (l(ID¥li()ns aT¢ received and ai ailable in the resiricted lund. this lund is rel1￿,ed and transfeTr¢d balk li) the Cjeneral lund. Lnrestricted funds- All Saints. The Geiwi'al Fiind 5elf•explanatory. Lpnrestrkttd funds- St Helen's The G¥iwi'ai fiind is 5elf*xplanaior%. Restricted fund$- Holy Trijblty The Parochial Fund frequenil> rec¢ii'¢5 d(¥natiunx the PToLee(15 L)I' spe¢ial e()Ile¢iiL)ns etc. ¥¥hiLh are restrided io speLifiL cau5e.4. Sv lar as PUS5ibl¢ the%e are paid ofver ii.ithin ihL NL'ar ii.hen receiied. but this 15 not al￿•v% po%sihle. and the Fund has thereloie accumulated a modesi balance. I'he ac¢umulaied income from the Si James Trusi is al80 rctaincd in a separate Fund. Curreni ini'cslment income and inieresi from the Trusl. iogdher ii'iih Ihe rental frorn one hou￿. 15 d¢i'ol¢d primarili t(1 ihe maintenance of clerg} hou5' intended speiilicall} for the purchaselrepair ofchoir robes. Th¢ Remembranc¢ Boi)k Fund deals i%'iih donaiions tor eniries in Ihe ehurch-s Book af Remembrance. and the u)si of maintainin8 Ihai b()ok. The Organ fun li'a5 esiablished a5 a re5tT)cied fund in 21)23 and receii"e.% di)naiions resiricted L() ihe ()rgan restoration planned for 2024. The church has a number ot- trams le.8 Social. Bellrin8er5. Sunday Coffee) for Ii'hich funds raised are hcld separalelv ii'ithin the PC'C. accounts. 27 PAROCHIAL CHURCH COIINCIL OF HOLI, TRINITI, STRATFoRD-IIPON-A￿'oTr1 WITH ALL SAINTS. LUDD1￿,GT0N AN'D ST Hb-LEN'S CLIFFORD CHA%IBERS NOTES TO THE FINANCIAL sTATE￿lE￿'Ts For the year ended 31 December 2023 Restrlcted fund5- All Saint$ The Village FabriL l.und I￿aS sei up to receii e dnnations ITOM rL'.%idents (If Lud4ingion i'illa8L and their Iriend5 11.ho mighi n()I bc church8oerR bui i¥i5hed 10 Sec the tabric mainiaincd. li ha5 colliinued ¢[) reccii'r donations dttd knetii from fundraising eveni% in Ihe i illd8e. The Bo(Jk'% for C'hildren Fund. Floii'er Fund and the Sunda% Club Fund are all sclf-explanaiory. In addili(In. in Tccenl ) ears a CommunylN Ei enis tund ha% becn e.%iabli%h¢d il'iih a halance ()l-atrK)ui £500. 'inallN. the church rcgularl! holds ci?Ileciions and fundraising ei'ents lor the Children s SoLiel5'. Restrleted fund$- St Helen'$ The resiricted I'und% al Si Helen s hai'l been extended to include'fhe Fabric Fund and ihe C'14)¢k i01￿er fund whiLh are %eif-cxplanai()Th' togeiher i4.iih a restricied tund l(Ir l.cgaLies. This ie2ra Bellringers fund has been established io ii'hich ringers dc)nate Ih¢ir lee r(¥r the upkcep nfihe bells. Tr4nsfers between fuDds The Iransfers bet￿'een lund% have been made io move ihc incorne or ¢ipendiiuTe to ihe correct tund. ror donations receii'ed Into a fund but are tor anoth¢r purfx)se e.8. Sundav Collee donation for organ resiorati(>n. To clear an)" deficits on funds at ihe vear end. MAJOR ITEMS OF EXPENDITURE Holy Trinlty 2023 2022 King James Bible and case North I'ransCPI stonthvork R(￿r repairs Duur Consc￿'al￿on Parish C'enire alarm installation Parish ( enirc roof spa¢¢ insulation Pei4' repaiTS CTeaiii'¢ corner Rlplacemeni bell ruFES Church raot'%afetN' lani'ard5 S(iuth side roof Audio ii8ual s¥siern minor iiy)rks Quinquennial rLpairs Organ rest(>ration 8.282 53.756 1.440 684 3.752 7.188 3.263 660 2J80 .S.9O1 17,497 7,080 79.025 All Saints St Helen's 28 PAROCHIAL CHIIRCH COIINCIL OF HOLY TRifi'iTI' STRATFORD-UPON-AI'ON II'ITH ALL SAINTS, LI'DDINGTON, AN'D ST HELEN'S CLIFFORD CHAMBERS NOTES TO THE FINAliC'IAL STATENIENTS For the ye¥r end¢d 31 D¢¢ember 2023 12 MISSION GIVING AND GRANT-MAKING POLICY 2023 21122 IJKR DF.C. Ukraine Appeal C'iiiLen Adi iLe Bureau l-rus5ell '] rust Church Mi%%ion Socieiy Child￿n.4 $1)cieiy Bc)oks lor Children Friends ot. Shake4pcarc s C"hureh Shak'e]K'are s H(15pice BTili5h Legion Luddingion CommunitN Ei'enis C lapa Embrace ihc Micllle East Alzheiiner S(ILiLai' Hul), Trinit% in th¢ Communili Strntftsrd U￿)n Aii)n F(x)dbank. Macmillan 13.094 2.577 1.000 33U 19 429 155 60 343 103 1,971 1,971 1,971 1,182 37 12A82 22.359 In addiiion 10 ihe aEK)ie. con8re8>Jiion members. and schools using IhL Lhurch for their oi%'n services. made donaiions ￿ manv of ihe aboi'e causes ii'hich did not pass ihrou8h the PCL accounis. The poliLy ol-the PCC reganling ￿Tants is as folloi&b'. l. The iotaliiN ot'collcctions in Holi. Trinii! on Christmas El'e and Chrisirnas Dai. each Near. iogeiher iiith reclaimable (iift Aid and a5sociaied incomc. is giien to seleclcd charitlC5 al home and oi crscas i¥h(15e objeLlikes 5eeTn to the PC'C. io be in line 1% iih its oiin objeclii.e5. Thi5 is treated as Tesiricted inLTrme and e.xp¢nditure. 2. An!. special collections tor named chariltes. as agrttd bi" the PCC or the ofticers of the i'illa8C churLhes. are also passed io ihose charilies. This is simi14LrlJ trLaLed in general as res1rlctL￿ income and ex￿ndItUre. 3. From tirne io time (he PCC rnai make additional granis oui of lis unresiri¢t¢d inwme ￿ ¢8use8 .hich directli match its objeetil'es. 13 OTHER GRANTS Th¢r¢ were no (>th¢r grants tn 2023. 14 RELATED PARTY TRANSACTIONS There are no related part> iransaaions io report during 2023 1?022.. Nill. 29 PARO('HIAL CHIIRC'H COIINCILOF HOLI. TRINITI, STRATFORD-IIPON-AVON IVITH ALL SAINTS, LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBERS NOTES ON ASSOCIATED CHARITIES (These Notes do not forni part of the unaudited accounts) For the y¢ar ended 31 Dettmber 2023 PARISH CHARITIES OF THE ECCLESIASTICAL PARISH OF STRA TFORD-UPON-AVON IReglstered Ch9ritv No 2165121 These C-harities are a(JminisleT¢d the VicaT Jrtd ChurchiiardLn%. ThL￿. C()mpri%c". The R S Gcngc Bcquc51 lor the knetii (If thL' Lhvri51eTS. I'his ib inK'e%i¢d in 433 shJres in the ChaTlties oificiul Inie51rn¢ni Fund li ith # kalue i)1. £8.593 as ai 31 DeLember 21)23. During 2023. £593.15 lil-the cash t>alaDce li"35 us¢d to sUpr￿)rt choir px)ckei m()nLy. The FTancis Th￿MaS Chariii. tor mainienancL ora rnemorial. 'fhi5 1% ini'esied in 42 share5 in the Charities Ofticial Ini esimeni Fund ii'iih a ￿alue of £833 as at 31 DecetniEr 9023. The Emily El'ans Curdles Fund. lor cler8y eKpen5e& ii'hich is ini'esled in 351 shares in Ihe Choritie% 017icial InKLsimeni bund li iih a % aluc Dt'£6.966 ai 31 December 2023. Durin8 2U23, £I.000 olihe c&sh halance i%as used 10 %uprknrt clerg) expcnse5. 30 niri In 4 rn c c c c L> PAROCHIAL CHURCH COIIN"'CILOF HOLI, TRIP41TI' 5TRATFORD-VPON-AVON WITH ALL SAINTS, LUDDITrJCTON AND ST HELEN'S CLIFFORD CHAMBERS P40TES ON ASSOCIA TED C'HARITIES IThe5t Notes do not forni part of the Un4udlted A¢eountsl For tb¢ year ended 31 Decembtr 2023 STJAMES, TRIIST Thi5 charit) 1% held b% ihe Di0cc￿n Trusiees Iregisieitd Lhariti, no 2491651 as cu510dian5. i¥iih the da!.. t(i-dai' ￿￿1n#¥¢￿en1 in Ihe hands ol. the P('C'. It ¢xi%l% li)r the gLnerdl ￿ne111 of mini510 in the parish. bul uthrr Llauses in thc I'ru51 Deed mak'e Llcar thal it8 nbjecis are.. To proiide a clerg! h(IUSL ith r¢placL ihai i%htch i4as formcFI! proi ided for the e¢¢le8iastieal pari%h of St.lames. Sirartl)Td-upon-Ai on In(114 (lefun¢i as a %eparate parishi 'ro proi'ide fund% lor the mainicnancc ofihal house And Dnl)" then tor general pyrwses ol-mini51Th. I'he h()u%e ai 3 Co0￿rS Close 14as PUTchd5¢d in 2008 21 a gross cosi of £396.551. 115 C05t ha5 b¢ mdrkedl). less ihan sale pmcitd% É)l-IhL lomier properti ai 61 MaidLnh¢ad Road. Ihe tunds io pmi'idc income ttir ils mainicnHn¢e and oiher purrK>scs inciraEcd signifi¢antli' ai thai lime. As ai 31 DecLmbcr 2023 those funds a)mprised appm.ximaleli £200.0011 in CBF Inie%tmeni dnd Deposit fund5. In 2021. IheAssociate Vicar moied iv Si Johns CIOSL la prOF¢n￿ oi¥ned b). Ihe PI'C'I Cc)i)peYs CIOSL i%'as made ai'ailable tor f0TntM¢r¢ial r¢ntal. Hoii'ei'er. the house Still Lx?Dlinues to owned ￿. St James The income produced b%. the interes1-￿arIng elemeni in thesL fund5 IS 51ioM'n in N()l¢ l O tc) the main A¢ix)unis. ThL' PCC has takLn the i thai thdl inLome should bc applied wirnarilN l(1 the mainlcnancc I'cler&i' hou%ing generall! in the parish and 10 the c0515 aKq)¢iaied ii'ith proi'idinB mini51rn' officc space. The tOL21 cxrKnditure fTom ix)th curreni and accurnulaied income is also shoii'n in Note 10. THE FRIENDS OF SHAKESPEARE'SCHURCH (Registered Charity No 10974031 This is an entireli ￿paTate Lharii).. thou8h Ihe PC'(. apry)inL% Sl)mc of ihc Trustees and the Vi¢aT acis as Presideni. It eNi515 11) Taise fund% io assist in the resioration and improi'cmeni (If H(Il! TTinil} Chur¢h. Copic5 Ot-lhe friends Repon and AcLvunt5 ¢4n be i)biained Irom the Hon Treasur¢T t(} the Friend%. i ia the Parish o￿lee. and further intortnatii?rt is the M'ebsite !¥11 14.4hdkL'S ai'L%churih.c)r THE FRIENDS OF ST HELEY'S CHURCH IRegl$tered ChArity No 1173391) This is an entirel! 5ePaVdie ¢harit!'. and the Vicar and Assiiciote Minisier are on the Board of I'Nstee5. li exi515 tu rai5¢ funds 10 assisi in the Tcsioralion and irnpn)VLmLnt of st Flelen s Q'huirh. Copies af ihe l.riend5 RctKirt and Acci)unt% can be obtained Irom the Hi)n Tre&%urer to the E."riend& ￿la the Parish Oftice. and funher inlomaiian is on the ii"ebsiie li ii1i.shakL'% 32