Parochial Church Council of Holy Trinity Strarford-Upon-Avon with All Saints, Luddington and St Helens Clifford Chambers Financial Statements of the Parochial Church Council For the year ended 31 December 2024 Unaudited Registered Charity 1128665
PAROCHIAL CHURCH COUYCIL OF HOLY TRINITY STRATFORD-UPON-AVON MqTH ALL SAINTS, LUDDINGTON AND ST HELEN'S CLEFFORD CHAMBERS ANNUAL REPORT 2024 CONfENTS Charity informatlon Annual Report Independent Examlner's Report Statement of Fin2neial Activities io 12 Balance Sheet 13 Statement of cash flows 14 Notes to the Financial Statements 15
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY STRATFoRtuPON.AVoN ALL SAINTS, LUDD]NGTON AND ST HELEN'S CLIFFORD CHAMBERS ANNUAL REPORT 2024 CHARrrY INFORMATION The Parish CeDty¢ Old Tovm Stratfordthupon-Avon CV37 6BG Illdepellde ExamEn¢r Davtd Hw8e Forvis LLP First Floor Two Charnberl8in Square Birmingham B3 3AX B*nkeJY HSBC 13 Chapd Street Stratford-upon.Avon Warwickshire CV37 6ET CAF Bank 25 Kin88 lfjll Avenue Kings I11 West Mallins ME194JQ
PAROCHIAL CHURCH COUNCIL OF HOLY TRINrrY STRATFoRlUPoN.Ay0N WITH ALL SAINTS, LUDDINGTON AYJ D ST HELEN'S CLIFFORD CHAMBERS ANNUAL REPORT 2024 OUT primary fullctioll being to worship Go& the thurches in th¢ parish continue to provide regular services. both on a Sullday. at Hoty Ttinity, thmng the week. At Hoty Trinity." Morning Pray¢r from Monday to Thur8dty' Parftsh Eucharist at 10 a.m. on a Sunday. various services at 5.00 p.m. on a Sunday. induding 2 Choral Evensongs, a Traditional Communion and a Taize Service each mond¥ with a Healing Servi¢e wh¢n th¢r¢ is a fifth Sunday in a month. The early 8 lm. Commurrion has been restored on a nonnally monthly basis. There is also a Communion service in the Guild Chapel every Wednesday mornin8. The Iwi¢¢ monthly"Forest Church- on a Wednesday atiernoo offered jointly with Stratford Methodist Churcty is a service held outdoors in the Holy Trinity churchya wh¢r¢ the p8rticRpallts seek to find God in nature. All Saints. in Luddin8ton has a Hoty Con]mOn service every Sunday, whil¢ St Helen's in Clj'fford Chambers has two s¢rvic¢s a month: a Morning Praise and a Holy Communion servi¢¢. We have continu¢d liVStreang dLe 10 o'clock Parish Eucharist from Hoty Trinity for th¢ b¢n¢fit of house-bound people and others not able to attend the services in the church. Over and above regular Sunday worsbip. th¢re h&s been an increa8e in participation at lljOr festivals, with a footfall of around 3000 at Christtn&s. Holy Trinity has a very active congtegation, with members participating in mY sroups irs¢ludin8'. the Choir. the B¢ll Rin8¢rs. th¢ Bereavement Support Team, the Churchyard Maintenance Volunteer& the Contemplativ¢ PrayeT Group, th¢ Eco Church Teanl the F]ower TeanL Friends ofThe Musiq Holy Trinity in th¢ Conllnunity. Hom¢ GTOUPS and Course& the Ken Kemiett Centre, the Lay Chaplaincy. Municipal Charlties, Novel Theology, Faith-in-FilnL th¢ P&storal CoELtact Te the Prayer Nlinisty teanL the Social Te4llL Stratford Churches Together, Street Pastor& Sunday Morning Coffee, Trintty Fellowship. Trinity Playu& Trinity Times, Trinity Tot& the Visitor Exp¢Ti¢ll¢¢ T¢8ll4 and the Welcome Te&8. Lunthiimc nts on a Wednesday each week orgmised by the Friends of th¢ Musiq &s "Soundbit¢s.- wntinue to prov¢ ¢xtrunely popular. Holy Trinity continued to be opened for some hours each day during th¢ Spring. sullllner, and 8utull, and at weekends only durAng the winter. In addition to volunteers from the congregatton, Visitor Welcome Assi5tallts are now employed durin8 th¢s¢ tim¢s. Unfortunately, the trend of increase in visitor numbets and in income derived from thosewhopay to go into the chanceL wher¢ th¢ main attraction is Shak¢sp¢aT¢'S grave, has not continued into 2024. alld future opening and staffin8 arrdll8¢m¢tLts are b¢in8 kq)t w¢fidty under r¢view. The two village churth¢s tn our parish 8r¢ open for prayer for a few hours each week. Jn Nov¢mb¢r, &8 a clllmination oflllally Sllller eyents throughout the year. the Trinity Players put on th¢ir prothithion of J¢an Anouilh's play Antigone (in a new translation by the director Ursula Russ¢ll) in Holy Tiinity Parish Centre. This was much appreciated by the IO0+ who attended one of th¢ thr¢¢ wfornw¢¢s and praised by the local newspaper as one of Stratford's major adtural events in 2024. Th¢ Playws also arran8¢d a "living Nativity" tsbleau in the highly successful '%Ya]k-through" carol SVil% on Christmas Ev¢. We have continued to publish our monthly n]a8azin¢. 'Trinity Tim¢s'. both online and some printed copies delivered to those who request pay for them. The Annual Parochial Church M¢¢ting held on Sunday 12 May. The Electoral Roll numbered 314 from Holy Trinity, 18 from All S8ints', Luddington and 19 from St Helen's, Clifford Chambers. The 2024 figures for baptA%n& weddings aDd fimwals ar¢ as follows.. - BaptisrDs'. at Holy Trinity 29. at All S8ints' i. at St Helen's O. Weddings: at Holy Trinity 9. at All sts. I; at St Hd¢n's O. * the Guild Chapel 2. Funernls.. at Holy Trijiity 17: at All Sainls. O. at St H¢len'5 0. Cremations under the auspic¢$ of the parAsb numbered 19, and &8h burials 10.
PAROCHIAL CHURCH COUNCIL OF HOLY TRIT41TY STRATFORD-UPON.AVON WITH ALL SAINTS, LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBERS ANNUAL REPORT 2024 The ministry team - when at 11 strength (a vacancy existed for ahllostthe whole of 2024)- consists of four clergy, one of whom is self-supporting. alld the Children & Families Minister. who is also a Reader. They are ably supported by seven Tetired clergy alld two Readers, as well as one person who has the Bishop's penllission to PTeach. Ourvicar is also Area Dean of Fosse DeatLery and chaplain lo the Royal S1kesp¢are Theatre. Two members of Holy Trinity church are Foundation Governors for Holy Trinity Primary School, along with the Vicar, who is also a member of the Council of th¢ Sh8k¢speare Birthplace Tnt. In addition to the above. and to OUT Sn11 administrative team (three Staff, approximately two full_time equivalent). the post of Parish Nurse has now been created and the postholdeT has already (kn]onstrat¢d opporLunitics for great expansion of holistic pastoral miDi8ty especially to the sick and ¢ld¢rly. Another important staffing area is that of our ttLUSiC team. OUT Director of Music. Douglas Keilitz, returned to the USA in the sun)mer after some four years, service, and was replaced on an interim basis by our fonner choral scholar Oliver Edwardes. the post, when combined with some teaching at King Edwasd Vl School, is a full-time Olle, supported oll a part-timc basis (particularly in outr¢a¢h to schools) by Rebecca Mills as Assistant Director of Music. Special mention should be nle of our ¢huwhwardens: currently Tim RaistricL Mike Warrillow (also Hon Treasurer). Eve ATcher and Andrew Boyes-varley. Our thanks also go to Cl)ris Kennedy, Stewardship Offic¢r, and to Liz Roome. Honordry Secretary to the PCC until summer 2024 {now replaced by Anthony Wooll8rd). Our safeguarding policy is displayed on the Church website, and all trustees, employees and volunteers involved in activities with cbildren or Mllnerable adults have valid DBS certificates. All records are kept strictly in accordance with the General Data Protection Act. There have not been any serious incidents, and a risk management strategy is place. FThANcL REEw The PCC'S fimds comprise those of Holy Trinity, All Saints, and St Helen's church¢s which are mana8&1 separately, but with the accounts consolidated at the end of the year. oty Trlnlty funds By far the largest resource movements relate to Holy Trinity. As agreed at the 2022 APCM, we have changed the historic nomenclature of our unTCStricted fill and replaced these Wkth nomenclature that better reflects the actiiity. The Genernl Fund covers activities of a parochial nature. Th¢ Trading Fund ¢over8 the day-to-day income and expenditure of the church shop and Holy Trinity's ministry to visitors and its h¢ritag¢ funthion but no longeT paying for restoration. The Parish Hall Fund covers rental income ¥nd day to day costs of the PISh C¢ntr¢ I£g8Gies Fund which is s¢lf*xplanatory and used for Splf1¢ Capitsi costs Designated Organ Fund- reflecting c4)mn]itments a]r¢ady made and required for work planned in 2024 Jn addition to th¢ uDr¢stTiCted fun(Ls. th¢r¢ ar¢ som¢ Small. rcstricted fimds. These are detailed in the annual 8¢count4 and some of them 8r¢ refed to below: Major projects at Holy Trinity in 2024 amounted to £116,691. This includa r¢storation of the organ (£80,549), upgrades to St Jolm's Close (£28,844), quinquennial work losgely associatrA with stonework repaits to the church (£13,828), cabling and associated work for the AV system {£13.595). investigation and development of plans for lowering of the chandelier to improve safety and usability (£6,529), the introduction of a srtond display case in St Peter's chapel fiilly fimded by the Friends of Shakesp¢are's church (£11,710) and a number of Ot} minor items that are detailed in schedule I l.
PAROCHIAL CHURCH COUIYCIL OF HOLY TRINITY STRATFORD-UPOTr4-AVON WITH ALL SAINTS, LUDDINGTof4 AND ST HELEN'S CLIFFORD CHIIMBERS Af4iyuAL REPORT 2024 Since the beginning of 2023. wc have fimdamenta]ly ¢hanged the way we operated as a heritage tourist attraction. We have previously requested dollations for enty and anployed limited staff during SUMMCT months. Since that time, we have continued lo maintain fre¢ access to the church as a whole, bul to implcmcnt a small entry charge for visitors lo thc chancel. As this is a ¢harge rather than a donation, wc paid VAT on all in¢om¢ resulting from this change. In addition, we employ Visitor Welcome Assistants oll a casual basis to ensure we offered a positivc visitor experience to those visiting ihc church. This year the entry fee to the ¢hancel was incrcascd from £4.00 10 £5.00. Visitor levels to the church were down 120/0 in 2024, similar to reductions elsewhere in the town, yet ineome has been relatively constant. Thc fccdback we receive from visitors on their expcrience remains very positive. Shop sales in 2024 w¢r¢ £83.000, down 60/0 from 2023 reflecting reduced visitor footfall. Profits however remained strong al £31.000 while added control from the tmplementation an Electronic Point of Sale system in 2023 allowed us lo reduce slock by £3,500 to £15,000. The Parish Centre was avai]able for booking for various community groups throughout the year. However. eosts significantly outweighcd income by £21,000, up from a dcficit of £15.ofK> in 2023. AS previously agreed, this deficit will be transferred lo the General Fund. A long tcrni plan is required to improv¢ viability of the Parish Centre. In parochial activity, income from regular giving has increased by £2,000 to around £119,000 (plus around £34,000 tax reclaim under Gift Aid) 78 % of which have come through standing orders. Donations from th¢ collection plate have further improved £5,400 to £19,400 and forthe first time cxcccdthe £18,000 Icvcls enjoyed pr¢-pandemic. Donations from the congregation continue to meet all of thc salary of thc Childrcn and Families Minister, reflccting our continued commitment to grow this area of the congregation. We also employed a Parish Nurse from October 2024, thc first in Warwi¢kshir¢, to address the issues idcntificd particularly in older members of the congregation. The parish paid a Parish SILare of £138,639 in 2024 an increase of nearly 7 % wmpared with £129,748 ill 2023. The Parish pays the full share as requested by the Deanery covering its 11 Cost of ¢lergy and contribution towards the Dio¢¢san Support Fund. Thc UDTestrictcd Legacies Fwid has received new legacies totalling £42.608 with expenditure of nearly £5.000 on the chandelier and a new chasuble. The fund now stallds at £71,747. Trinity Players Fund increased by about £800 relating to ticket sales from the play Antigone perfornied in November. The players donated £745 for new pew bibles. This restricted fund shows a surplus of some £7,200 at year end, mosl of which will again be donated to ongoing proj¢cts. The Propertics Rcstricted Fund receives the investment income from Si James's Trust. plus house renls partly offsct by maintenance cosls. We continued with 2 St Jolm's Close being the clergy house and 3 Coopcrs Close the rental property. Due to the vacallcy of the Associate Minister position, St John's close was empty until October 2024 while the property was dccorated after previous occupancy and the bathrooms upgraded. Nevertheless, in¢om¢ was almost cqual to expenditure and the fid remains about £22.000 in sutplus. We have continued the practice of church group finan¢¢s ¢oming under the auspices of the PCC to avoid bank charses on small accounts. These include the Bellringers, Hospitality teas/ Coffee stop, Social Team, Trinity Ladies and Sunday Coffee, all appcar on the lisi of restricted accounts. In gencral, the surylus from the accounts is donated to chUh Projects or to local charities. The wa]k-tbrough fonnat of Christmas $viceS continued in 2024 and was again very well received and donatiODS (aud associated gift-aid) of £4,756 were once again devoted to the PCC'S three ¢bosen charities. All Saillts, funds All Saints, funds comprise a General Fund and a restricted Village Fabric Fund, together with three other very small, rcstrictcd fid5. The General Fund investments increased by £8,570 partly as a result of illvestment income and remains healthy at about £31,000. The restricted Village Fabric Fund also remains h¢althy at about £29,000. The majority of CCLA investments madc by All Saints. Chur¢h are due to legacies, the first of which were made in 1960. Th¢ initial le ac was made 'For the sole and exclusive benefit of All Saints, Church
PAROCHIAL CHURCH COUNCIL OF HOLY TRINTfY STRATFORD.UPON-AVOF4 WITH ALL SAINTS, LUDDINGTON AND ST HELENS CLIFFORD CHAMBERS ANNUAL REPORT 2024 Luddington. and for no other purpose,. The subsequent investments made from 1981 Onw9 were also the result of legacies for'the maintenan¢¢ of AII Saints. ChuTch'. or 'maintenance of the churchyard,. The challge in status to 'Restricted' is to acknowledge tbe expressed wishes of the donors. St Helen's fund8 St Helen's fiwds compri8e a G¢neral Fun(L and five r¢strict&l fabric funds. The General Fund in 2024 showed a snjall deficit of £60, and the balance remains around £11,500. The various fabric fun&8 show¢d a SUluS of £9.925 and now stands at £32.426 alongside which may be counted the resources gath¢r¢d separately by the Friend8 of St Helen's towards restoration of the building. PCC bal•nte sheet The Ovall balan¢¢ sheet at the end of the year stood at £407.166. a reduction of £32,724 on the previous The remaining investment holdings across the Parish (now mainly at All Saints) are CuentlY valued at about £78,148. Money held on deposit totals about £261,072 of which £192,272 is attributable to Holy Trinity. Money in current bank accounts and cash amounts total to around £75,000, of which around £40,000 Is atiributable to Holy Trinity. Ill addition. Holy Trinity retains some £15,000 worth of shop stwL a TluctiOn of nearly £3,600 from 2023. However, turn rate remains gi)od and the reduction in stock level reflects the improved control enabled by the Electronic Point of Sale System. The value on paper of the property at 2 St Jol]n's C108e, occupied by the Associate Vicar, has now been depreciated to zero on the balan¢¢ sh¢¢t, though of ¢ours¢ it remains a potential asset. Th¢ prop¢ty at 3 Coopern Close, which is currently rented out. belongs to the separate St James's TNst. Outstanding liabilities at year's endwere £36,974, largely reflecting invoices not due andwedding deposits. SalArles The totsl salary bill, including National Insurance and pension contributions, was some £234.(K)O. an increase of about £26,700 or 130/0 on 2023. (This excludes the stipends of the clergy which are met through Parish Share.) This incr¢a8e largely fleCt$ the ajmual ill¢8$¢ to staff of 8.50/4) plus the PCC decision to increase office staff by 500/0 to cover safety and compliance issues and employ a Parish Nurse in the 1&8t quarter of the year. The PCC contributes either to a pension scIlle adMiered by the Church of England Pensions statys salaries or to the Board eligible NEST pen8ion scheme under the government's auto-enro]ment legislation. Staff salaries are bencl)marked against good practice in other PCCS in the Major Churches Network. and all staff sJJaries are above the Living Wage (as recommended by the Living Wage Foundation. which is higher t]wi that wuired by law). Reserves Po]Icy The PCC'S policy is to maintain in tbe unre8tri¢ted r¢serv¢s a minimum of six months. unavoidable payroll commitments- currently amund £50.000- and nornially to keep around £50.000 towards tUre restoration expenditure. It will be clear from the above that this policy was largely fidfilled throughout 2024. However, thetr is a tentIal we will dip below this level in 2025. FruiL thefj dam4ge There is no Wid¢¢ of atiy impairments in 2024 and th¢ PCC is thar&f for th¢ vigilance of paid staff and elected officers, which ensures that propety is kept secure and that receipts and paYts are pff¢es8ed securely and in good time. Risk ass¢ssm¢nts. financial and other. ar¢ caTTied out as required on all &ctiviti and a compTehensiv¢ updat¢ of th¢ PCC'S regular overdll fmallcial risk assessm¢nt is du¢.
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY STRATFORD-UPON-AVON wrrH ALL SAINTS. LUDDINGTof4 AND ST HELEN'S CLIFFORD CIIAMBERS ANNUAL REPORT 2024 Structure overnance and mana ement The Parocliial Church Council (PCC) is a corporate body ¢stsblithed by the Church of Ellglaud. It operates undcr the PCC Powers Measure 1956 and Church Representation Rules 2011. The PCC is registered with the Charity Commission, Rcgistration Number 1128665. The method of appointment of PCC members is in line with the Church Representation Rules. In Siratford- upon-Avon Parish, membership consists of the Incumbent (ourvicar). ¢hur¢hwardens. our Associate Vicar. Associale Priest, and members elected by those of thc congregation who are on the Electoral Roll of the Parish. All those who attcnd our scrviccs/mc]Dbers of the congregation ar¢ encourdged to register on the Electoral Roll and sthnd for ¢le¢tion to the PCC. Thc PCC is responsible for making decisions on all matters of general concern and importance in the parish including bow thc fullds of the PCC are spent. A Standing Committe¢ of the PCC (established under the said Church Representatiou Rules), comprising the Vicar, 4 Cburchwardcns, and four members elected by the PCC. n)e¢tS Tegularly, making urgent decisions or sending recommendations lo PCC. tn addition to an Away Day in July, the full PCC llLet six times during the year, with an average attendance Each PCC meeting focusses on the activities perfojmed by a variety of groups within the church. Thig approach provides the dual benefit of greaterawareness of key areas ofchurch life, as well as providing a forLm) for groups to share issues and su¢c¢sses with PCC members. Administrative iDf0mtion The Parish of Stratford-upon-Avon comprises thrcc churches.. Holy Trinity in Stratford Old Town alongside the River Avon, All Saints, in the Sn11 village of Luddington and St Helen's in the small village of Clifford Chambers. The correspondence address is Parish Offi, Old Town. Stratford-upotL-Avon, CV37 6BG. PCC members who have served from 1st January 2024 until the date the report was approved: Ex-officio members Incumbent Reverend Patrick Taylor Reverend Steve Jarvis (Chair) Associate Vicar (unlil January 2024) Assistant Priest Rcverend Thomas Powell Deacon Reverend Emma Harrington Mr Paul tAgeu Mr Tim Raistrick Churchwar(kns (until June 2024) Helen WaTrillow (ulltil June 2024) (from June 2024) (from June 2024) (from June 2024) Mr Andrew Boyes-varley Ms Eve knher Mr Mike Warrillow Diocesan Synod Mr Anthony Woollard Mr Philip Harper Mis5 Jane Amiitage Mr Anthony Woollard Mr Philip HaeT Mrs Teresa Kristunas Deanery Synod Ms Beckey Barton
PAROCHL4L CHURCH COUNCJL OF HOLY TRINITY STRATFORD-UPON-AVON WITH ALL SAINTS, LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBERS ANNUAL REPORT 2024 Elected Members Mr Samuel Bridges Mrs Heather Fletcl (until July 2024) Mr Samuel Jupe Ms Marie McDougal Ms Sarah Paine Mr George Reah Mr Paul Lageu Ms Diane Arnistrong Mrs Liz Room¢ (from July 2024) Ms Debbie Tholpe Mrs Jane Beeley Mrs Helen Warrillow (Safeguarding OfficeT) (from Jul 2024) Mrmike Warrillow (until June 2024) Mrs Julie Renfrew Co-opted Members A rep. from St Helen's, Clifford Chambers By invitation as non-voting observers.. Mr Douglas KeiiitzDirector of Music (until July 2024) Ms Lola Spetsioti Operations Manager (from January 2024) Mrs Liz Marshall Operations Manager (until J8nuary 2024)
PAROCHLIL CHURCH COUNCIL OF HOLY TIUNITY STRATFORD-UPON-AVOF4 wrrH ALL SAINTS, LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBERS ANNUAL REPORT 2024 Responsibilities of PCC members: Cbarity Law requires the Members of the PCC to prepare financial ateMentS for cach fiscal year, which give a true and fair view of the disposition of the funds at the end of the fiscal year and of the fmancial trdnsactions for thc y. In PTcpaTing these financial statements, the members are required to." select suitable accounting policies and then apply thcm consistently* make judgements and estimates that are reasonablc and prudcnt,. state whcthcr applicable accounting standards have been followed, subject to any material departures disclosed and explained in ih¢ financial statemenls" prepare the financial statements on the basis that the Charity will continue in operation unless it is inappropriate to presume this. The members are responsible for keeptng proper accounting records to enabl¢ tbem lo ensure that the financial statemenls comply with thc Ststcmcllt of Recommended Practice and the Charities A¢t. Th¢y are also responsible for safeguarding the asscls of the Charity and h¢nee for iaking steps for the prevention and detection of frnud and other legUlarlties. The members have referred to the guidance contained in tbe Charity Commission's general guidance on public benefit when reviewing the charity's aims alld objectives and Én planning tre activities. In particular, thcy have considered how planned activities will contribule to the aims and objcctivcs set. Approved by the PCC on 25 M•rch 2025 And signed on th¢ir beh¥lf. The Reverend Palrick Taylor (PCC ChAir)
INDEPENDENT EXAMINER?S REPORT TO THE PCC OF HOLY TRINITY STRATFORD.tIPON-AVON wrrH ALL SAINTS, LUDDL¥GTON AND ST HELENS CLIFFORD CHAMBERS I report on the fmanciai statement8 of th¢ PCC for the yr ended 31st December 2024. which are set out on pages 12 to 30. Respective responsibi]itse5 of trn8tee& and examiner The charity's trustees are responsible for the pr¢pardtion of the financial statements. The charity's trust¢¢s consider that an audit is not required for this year undeT S¢Ction 144(2) of th¢ Charities Act 2011 (the 2011 Act) and that an indwdent examination is needed. It is my responsibility to: ¢xamine the financial statements under sertion 145 of the 2011 Act. follow the procedures laid down in the general Dire¢tions given by the Charity Commi8sion under section 145(5)(b) of the 2011 Act,. and stste Wheth particular matters have ¢om¢ to my attcntion. This report. including my statemen( has been pr¢paTed foT and only forth¢ charity's tslee8 as a body. My work has beeJJ undertaken so th&t I might state to the charity's trustees thosc matters l am required to stste lo them in aD Indepdent examiner's report and for no oth¢r Purpose. To the filllest extent perniitted by law, I do not accept or assum¢ reswnsibility to anyone other than th¢ chaTity and the clwity's ttust¢eS &8 a body for my ¢xamination work, for this report, or for th¢ statements I have mad¢. Ba8ts of Independent uanthier's report My ex8mination was cattied out in OrdanCe with th¢ general Directions giv¢n by thc Charity Commission. An examin&tion includes a revi¢w of tlLe a¢uILt1llg records kept by th¢ Charity and a comparison of the financial stat¢ments presented with those records. It also includes consideration of any unusual items or disclosures in tbe f]nancial staternents and seeking explallations from you as trnstees conc¢rning any such matters. The procedures undertaken do not provide all tlLe evidenc¢ that would be required in an audit and consequently no opinion is given as to whether the financial statement8 prescnt 'tTue and fair vi¢w' attd the rq)ort is Jimited to those matt¢rs set out in the 8tatetn¢nt below. io
114DEPEf4DEP4T EXAMINER'S REPORT TO TBE PCC OF HOLY TRINITY STRATFORD-UPON-AVON WITH ALL SAINTS, LUDDDIGTON AND ST HELENS CLIFFORD CHAMBERS IndepeDdeDt examlner's statement Since the charity's gross income exceeded £250.(K)O? your examiner must be a ernber of a body listed in scction 145 of the 2011 Act. I confirni that J am qualified to undertake thc cxamination by being a qualified member of the Institu1¢ of ICAEW which is one of the listed bodies. tn conneclion with my examination, which is complete, no matters have Come to my attention which give me reasonable ¢ause to believc that in any material respect: a¢countin¥ rccords were not kept in respect of the PCC in accordance with section 130 of the 2011 Act,. or the financial statements do not accord with those records. or the fEnancial statements do not cim]ply wilh the applicable requirements concerning the forni and content of fuclaI stafrmenls set out ID the Charities {Accounts and Reports) Rcgulations 2008 othcr than any requirement that the financial statements give a 't]ue and fair, view which is not a matter considered as part of an indq)endent examination. I have no collcerns and have come across no other mattety in collncction with the examination to which, in my opinion. attention should be drawn in order to enable a proper understalldillg of the financial statements to be reached. David Hoose jApr 3, 2025 07..37 GMT+ll David Hoose Forvis Mazars LLP First Floor Two Chamixrlain Square Birn)inghom B3 3AX Datc: 03104/2025
PAROCHtAL CIIURCll COUNCIL OF HOLY TRINrrY STRATFORD.UPON.AVON WITH ALL SAINTS. LIJDDINGTON AI¥D ST HELEN*S CLIFFORD CHAMBERS STATEMEI¥4T OF FINANCIAL ACTIVITIES (In¢ory•radng the Income and Esp¢ndlture Aeeount) For the year ended 31 December 2024 Unrestrlcted Restrlcted fullds funds Totsl funds 2024 2023 NoteA COME Income from don108 and legacies Income from aD¢illary trading Other illcoming resources Income from investments 2b 265,765 330.46] 118,246 30 384.1111 3311A91 330.384 349.019 4.493 37.252 2d 11.455 40,522 31,977 TOTAL 607,681 158,798 760,479 721.148 EXPEYJDITUR Rai8in8 Funds 234,032 13.941 247.973 214,020 Chvltable actlvltl 3b 7.721 158,314 271 7,721 470JOS 74,952 12.482 322.399 62249 A¢tivities related ty work of ¢hurch Central admini8traiion 311,911 74,681 3d TOTAL 620.704 1811,247 800.951 611,150 SURPLUS I (DEFicrf) BEFORE INVESTMENT GAINS / LOSSES {13,023) (21,449) (34A72) 109.998 Jnv¢stJnent gainsl{lo&w) IJS9 489 1,748 6,570 NET INCOMING l (oirrGOING) RESOURCES (11,764) (20,960) {32,724} 116,568 Transfer between fullds io (46,990) 46.990 NET MOVEMENT IN FUNDS (58,754) 1130 (31724) 116.568 Balattce brought forward l January 2024 2S6,087 183,8113 4399 323.322 BALANCE CARRIED FORWARD 31 December 2024 197J33 209J33 4117,166 439.890 The notes on pages 15 to 30 fonJ part of th¢8e fitwicial slat¢ments. The location of th¢ SOFA for the priorp¢riod bein8 in note 2a. 12
PAROCHIAL CHLRCH COUNCIL OF HOLY TRINITY STRATFORD-UPON-AVON WtTH ALL SAIh'TS' LUDDINGTON AfD ST HELEN'S CLIFFORD CHAMBERS BALANCE SHLET as at 31 December 2024 Notes 2024 2023 FIXED ASSETS Tangible assets Holy Trinity Investm¢nt assets Holy Trinity All Sairtts St Hcl¢ns 5b 21,434 56,252 462 20.955 54.9513 452 78.148 76,4(KJ 7&148 76.400 CURRENT ASSETS StlK Debti>rs 15,003 15,457 18,589 26,623 Sh()rt teffli dep05jts Holy Trinity All Saints St Helens 192,272 43,1 24,839 230,966 42,683 261,072 296,760 Cash at banklin hand Holy Trinity All Saints St Helens 39,052 1fj709 1&099 43,042 12.208 10,608 74rt6 65,858 36S992 407,830 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR (3fy974) 144.3401 NET CURRENT ASSETS 329,018 363,490 CREDITORS: AMOUNTS FALLING DUE BEYOND ONE YEAR 8b 329,1118 363,490 NET ASSETS 4117,166 439,890 FUNDS Unrtstricted 10 Holy Trinity All Saints St Helens 154.767 31,107 11,459 163,487 81.081 11519 197,333 256.087 R&4tricted Holy Trinity All Saints St Helet)s 91,774 88633 32,426 132.397 28,905 22.501 209.833 183.803 TOTAL FUNDS 407.166 439,890 Approved ftnd *uthorised for 155ue by the PCC 25 Mar¢h 2025 and slgned 00 thelr behalf by: Pd.i+ P•tri¢k Taylor Ivirarl The notes ort pagcs 15 to 30 forni part of these financial statctnents. Mlke W rllEo HonT r and Churchwardtn) 13
PAROCHIAL CHURCH COUNCIL OF HOLY TRThITY STRATFORD.UPON.AVON wrrH AIL SAINTS, LUDDINGTON AI¥4D ST HELEN'S CLIFFORD CHAMBERS NOTES TO THE FINANCIAL STATEMENTS For the year eDded 31 December 2024 STATEMENT OF CASH FLOWS 2024 2023 Net ¢8sh prOded by I lu8¢d ID) optr#tln8 #cdvltles (tte note 9) (82,649) 91,122 C•$h flow¥ from Investlng •clIvhle4: DiVidd5, inter( arld rojts DtAStI Oncreas¢) in stock 51,977 3,586 37,252 (5,7171 Net ¥b {used IDypTovlded by InveBtlng adlvltle8 55,563 JIA35 C8Jh now¥ from nnAnclD8 aCtlvItlu: Bom>wing provlded by ttDill¢lng actlvltl Change e&ih kn the r¢portln¥ perlod C&sh at b¢gtiJning of wrtillg poiiyj {27,086) 302,01 122,6S? 239.961 Cilb At elld of r¢portlng perlod 335,532 362,018 14
PAROCHLIL CHURCH COUNCIL OF HOLY TRINtTY STRATFORD-UPON-AVON WITH ALL SAINTS, LUDDINGTON AL¥D ST HELE.Y'S CLIFFORD CHAMBTr.RS NOTES TO THE FIf*ANCIAL STATEMENTS bor the year ended 31 December 2024 ACCOUF4TIYJ G POLICIES The fanCIal statements havebeen pr¢par¢d in accordance wilh the Chur¢hAccounting Rcgulations 1997 s amended by the Church Accounting {Amendment) Regulations 2006 together with applicable UK A¢counting Standards. including the Financial Reptsrting Standard 102 (FRS 102), and the StateD]ent of R¢cornmended Praciice October 2019 (FRS 102). The October 2019 edition of the Charities So1 (FRS 102) includes arnendments arising from the Financial Reporting Council's triennial review of the standard. There is no material effect on the amounts recognised in th¢sc flnancial statellhents because of adopting these ajnenthnents. The fancial statemellts have been prepared under the historical ¢osl ¢onv¢ntKoD except for the Yaluation of investment assets, which are shown atmarketvalue. The fll)an¢ia] statejnents are prepared in sterlillg which is the fun¢lional currency of the charity. The PCC constitutK a public benefit entiry as defined by FRS 102. Members of the PCC consider that there are no material wncertainties about the PCC'S ability fo continue as a going conccrn. Funds Generdl fi]Dds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purp)%e by the PCC are also unrestricted. The accounts include a]1 transactions. assets, and liabilities for whieh the PCC is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body or those that are infomlal gatherings of church D]embers. Ineome Donations ineome ond cupitulsotlrces Collections are recognised when received by or on blf of the PCC. Planned giving receivable under Gifi Aid 15 recognised only when received. Income recoverable on Gifi Aid donations is recognised when the income is recognised. GranLs and l¢gacies to the PCC are accounted for as soon the PCC ig notified of its legal entitlemeni. the amount due is quantifiable and its ultimate receipt by the PCC 1$ probable. Fi]nds rdised by fundraising events, and sales from the church shop, are accounted for gro&8. Otker Encom Rental income fro the letting of church prnnises is recogttised when the renthl is du¢. Incomefyom iAvesÉpnents Dividends are accounted forwhen due and payable. tntere5t ¢ntitlernents are accounted foras they accrne. Any t&x recoverable oll such in¢ome would be recognised in the sarne accounting year. Gains ond losses on invesfmenÉS Realised gains or losses are recognised when inYeslment5 are sold. Unrealised gains or losses ar¢ accounted for on the revaluation of investtnents on 31 Decernber. 15
PAROCKtAL CHURCH COUNCIL OF HOLY TRINITY STIL4TFORD-UPON.AVON wrrH ALL SAINTS, LUDDINGTOThi AND ST HELEN'S CLIFFORD CllAMBERS NOTES TO THE FTh'ANCIAL STATEMENTS For the year ended 31 Deeemb¢r 2024 Expendithre Liabilities ere rwognised as resoue8 expended a8 soon as there is a kgal or cOnstru1ve obligation ommitiing the PCC to th¢endItuTe. All exp¢nditure is a¢wunted for on an a¢¢nlS basis and ha8 b¢¢n Igssified under headings thai aggrega* all costs related to the category. GroAts Grants and donations are accounted for when paid over, or WI awarded, if that award creates congtsuctive obligation on the PCC. Acte5 directfy relating lo the workofihe Church. The diwesan parish share is accow)ted for when payable. Any parish shatr unptiid at 31 December is provided foT in these allnts as an operdtional (thougb not a legal) liability and is shown as # cr¢ditor in th¢ BalJn¢e Sh¢¢t. Flxed assets Consecrutedproperty andmovable churchfyrnuhings Consecraled 4nd beneficed property of any kind is excluded from the accounts by s.10 of the Chari¢i¢s A¢t2011. Movable eIll¢h firnishin8s held by th¢ Vicar and Churchwarden8 on special 5t for the PCC, 2nd which require vl faculty for disposa]. are accounted OS tnalienable propety unless ¢Onsrated. For illajienable property acquired prior to 2000 there is insufficient eost inf(llmation available and therefore such assets are not valued in the accounts. Itetlls acquired since l January 2000 have been capitslised Alld depreciated tn the aeLounts over their currendy anticipated us¢ful ¢wnomic life on a straigbt-line basis. All ¢xp¢nditur¢ OD ¢onsecrnted or ben¢fithi builditig$, individu#l st¢ms under £3,000 or on the repair of movable chUb fillnisbings aU]red b¢f¢)r¢ l January 2000 is Thryitten off. Clergv hoxw The clergy house at 3 Coopers Close is the propety of the St James's Trust of whi¢h the PCC are managing thjstees. It is referred to in the attached Notes (Note io) but Is notvalued &8 a PCC asset. The clergy house at 2 St Jokn'8 Close, b¢ing the property of the PCC, ts valu¢d at purchase price less depreciation on 8 Straigbt-line basis over 10 years. As a potential operational property, it bas not been revalue418nd its book value is accordingly now zem. OiherftYQ4w,fiitings. and office eqMiPmePIt Equipment used within the church preJnise8 is in general depreciated oll a straight-line basis over 10 years. tndividua] items of equipmentwith apurchas¢pri¢e of£3.000 orles8 are written off when the is acquire(L Ipjvalpnents Investsnents are Valued at market Yalue at 31 December. Current ag8etg Amounts ov/ing to the PCC on 31 DeMber in resp¢cl of f¢es, Tts or other income are shown as debtQT3 less provision for amowLts that may prove un¢ollectable. Short-terni deposits include cash held on deposit either with the CBF ChuTch of Englattd Fund8 OT ai the bank. Stock is valued at the lower of cost and net realisable value. 16
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY STRA TFORD-UPON-AVON WITH ALL SA1Tr4TS' LL'DDINGTOTr AND ST HELEN'S CLIFFORD CHAMBERS NOTES TO THE FIF4ANCIAL STATEMENTS For the year ended 31 Deeetnber 2024 OpertSllg lease$ Rentsls payable under operating leas¢s are charged on a straight-line basi5 over the tcrni of th¢ lease. Pellslon Seheme Pension Seheme The PCC participates in the Penston Builder Scheme section of CWPF for lay staff. CWPF is administered by the Church of England Pensions Board, which holds the cwpr assets separately from those of the Employer amd otherparticipating ejnployers. The Pension Builder Scheme of the CWPF is made up of nvo sections, Pension Builder Classic and Pension Builder 2014, both of which are classed as defthed benefit schemes. Those employees of the PCC who are eligible for support lowards pensions aTe eIber$ of the latter. Pension BHilder2014 is a cash balance sch¢m¢ that provides a lump Sum whichmetnbers use toprovidebenefits at retirement. Pension contributions are recoTd¢d in an account for each tnember. Discretionary bonuses may be added before retirement, depending on investtnent returns and other factors. The attounL plus any bonuses declared is payable, unreduced, from age 65. There is no sub-division of assets between employers in each section of the Pension Build¢r sche¢. Th¢ scheme is considered to be a multi-employer wheme as described in Section28 ofFRS 102. This is because it is not possible to attribute the Pension Builder S¢hem¢'s assets and liabilitieg (o specific employers and means that colltributitsns are accounted for as if the S¢hem¢ were a d¢fined contrtbutioll s¢henJe. The pensions costs charged to the SOFA iti the year are the contributions payable (2024: £4,845, 2023: £3,905). A valuation of the Pension Builder Scheme is ¢attied out once every three years. The most recent valuation wag carried out as at 31 Dember 2022. For the Pellsion Builder Clasgic section, the 2022 valuation revealed a SUTplus of £34.8m on the ongoing assumptlODS used. At the most recent annual review effective l January 2025, the Board chose to grani a discretionary bonus of 6.70/0 to both pensions not yet in payment and pensions in payment in respect of service prior to ApIil 1997. and a iK)nus on pensions in payment in respecl of EK)st April 2006 service so that the penston increase wa5 2.7% (where usually it would be calculated based on infiation up to 2.5/.). This followed in)provements in the fLmdin¥ position over 2024. There is no requirement fot deficit payments ai the current time. For the Pension Builder 2014 section, the 2022 valuation mealed a surplus of £8.5m ¢)n the ongoing assumptions used. There is no requirem¢nt for d¢ficit payments at the current time. The next valuation was due as at 31 December 2025. Cal¢ulation8 for thi8 are CLtrrentiy under way. Financial Instruments The Charity Only has fjnattcial assets and fit]an¢ial liabilities of a kind that qualify as basic fitjancial itJgtNments. Basic financial instrurnents are initially recognised at transaction value ond subs¢ouently measured at their settlement value. Judgements and E5timAtions The trus'tees have not made any stgnificant judgements in the process of applying the aOUntIng policies and ther¢ are no areas of egiimation uncertainty that have a Significant risk of causing a materiai adjustment to the carrying amounts of as8¢ts and liabilities. 17
PAROCHL4L CHURCH COUNCIL OF HOLY TRINITY sTRATFOR1UFON.AYoN ITrITH ALL SAINTS, LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBERS NOTES TO THE FINLYCIAL STATEMENTS For the year ended 31 December 2024 2a STATEMENT OF FINANCLIL ACTIVITIES UDr¢strl¢t¢d R¢strS¢tt4 flld fundi Unrestrlets Rmtrlcted fulldi Not 2024 20 INCOME bKome frorndOnaS Bndlewi# 2b Incorn¢ from 8JKillery tyading her ICJRSIPAYErefidl Tn¢om¢ from iDvesDn 26J,765 330,461 118246 30 384OIJ 330,491 23302 348,689 2,749 12,416 97J82 330 1,744 24,836 330J84 349,019 4.493 37352 2d 11.455 40,522 51.977 TOTAL 00711 15K798 71A479 596.856 124292 721,148 EXPEI¥DTTURE Rai8tiw Fuoth 234.032 13.941 247972 198J02 15.718 214J>20 Chari¢bleAeiMd Gynt& 3b 7.721 158J14 271 7,72] 470JDS 74,958 3,382 300,063 62.249 9,1 21336 12.482 322,399 62249 iiVili¢5 T¢]Itkn wwkof¢hu 311.991 74,681 620,704 180,247 800WI 563,996 47.154 SUB TOTAL 113m3) (21,449> (3V72) 32.8fA 77,138 109,998 V¢5tDMt8a1nl1o$9C5l JJYJ 419 1.748 4.729 1041 6J70 NET INCOMINGIIOUTCOINGI {11.764) (20W) (317241 37J89 78,979 116.568 (449901 12,147 112,147) NET MOVEMENT]NFUf4DS (58.754) 24OJO 132.724) 49,736 66A32 116.568 BElae brougbtforwaTd l J2Duary 202411 Jon¥8ry 2023 256.087 183803 439.81 201351 116.971 323J22 BA1 ¢Arried fonwlrd 31 Jk¢¢mber2024131 Det¥ubv 2011 197J33 2(8.833 407,166 256.087 183.803 439,8S¥) 18
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY STR4TFORD-UPON-AVON wrrH ALL SAIFITS. LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBERS NOTES TO THE FINANCIAL STATEMEh'TS For tbe year ended 31 December 2024 2b INCOME FROM D0Tr4ATIONS AND LEGACIES Unrestricted funds Restricted funds Total fuDd$ 2024 2023 Planned giving In¢ome tax re¢over¢d Collections Grant Donations, appeals etc. LEgacies Fundraising events Sundry in¢ome 129.151 34,289 18.690 2,25S 24,428 42,608 1,190 13,148 51MI 6,1117 4,843 15,047 69,892 9,7411 12,036 81 129,651 40J96 23,S39 17J02 94?20 S2J48 13,226 13,229 127,212 35,235 22,764 7,464 102,593 13,331 18,058 3,728 265,765 118,246 384,011 330,384 2¢ INCOME FROM ANCILLARY TRADING UDre&tritted Funds Restricted funds Total funds 2024 2023 Magazine Shop and chancel ChUh hall letting Fees 1,434 277,730 23,430 27I67 1.434 277.730 23.430 27097 710 291,574 19,131 37,604 30 330,461 30 330,491 349,019 INCOlE FROM INVESTMELYTS Ullre5tr1cted Fwid$ Restricted funds Total fund 2024 2023 Dividends and int¢rest R¢nts 11,455 14,145 26J77 25,600 26,377 16,252 21,000 11,455 40522 51,977 37,252 19
PAROCHIAL CHURCH COUNCIL OF HOLY TRINrrY STRATFoRluFO-AVoN WITH ALL SAINTS? LUDDINGTON AI¥D ST HELEN'S CLIFFORD CHAMBERS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2024 3a EXPENDITURE ON RAtSING FUNDS Ujwestrlcted funds ReBtrlcted funds Totsl thndi 21124 2023 M88azine ¢osts Chuwh h1 numing ¢osts Rental propety costs Shop and chancel costs Fundraising costs 480 38,139 480 34,321 7,559 163,501 8,159 3&139 7029 195A13 0,112 7,829 195,413 112 234,032 13,941 247,973 214,020 3b GL4NTS Ullrestrlcted fundi Restrleted funds Total funth 2024 2023 Missi(mary and chaTitsble giving (see note 12) 7,721 7,721 12,482 7,721 7,721 12.482 ACTIVITIES RELATED TO WORK OF CHURCH Unre8trlcled fuDds Rutrleted fuDd& Totsl hnds 2024 2023 Minislry: ParRsh share Ministy: ¢l¢rgy expenses Ministy.. clergy housing Ministy.. Lay Minister Church running costs chUb Maintence Mi&8ion and outreach Choir and organist Major items (see note I l) 138.038 5907 549 37,692 49J78 14,782 1,854 25,169 311J75 7,647 138,638 5,907 549 37,692 49,914 30,206 2,252 30,809 166,691 7,647 129,748 4,633 2,280 33,320 51.396 25,741 2,292 27.730 35,064 10,195 536 15,424 398 5,6411 130J16 311,911 158JJ4 470005 322.399 20
PAROCHIAL CHL.RCH COUNCIL OF HOLY TRINITY STRATFORD-UPON-AVON WITH ALL SAINTS, LUDDtNGTON AND ST HELEf4'S CLIFFORD CHAMBERS NOTFS TO"fHE FINANCIAL STATEMEP4TS For the year ended 31 December 2024 3d CENTRAL ADMtNESTIL4TIO Unre5trlctert funds Reslri¢ted fund$ Tot fllttds 2023 2024 Printing and sta¢ion¢ry Telephones Salaries, trdining, and sundries Independent Examiners Fee Sundry 5.850 188 61,803 4,632 2,148 5,850 188 61,916 4,632 2J66 5,587 415 50,459 3,710 2,078 53 218 74,681 271 74,952 62,249 Governance costs of the charity, strictly def]ned, are negligible, as vijtially all govemance is carried ou¢ by clergy (who are not PCC employees) or voluntttr lay people. A very small prow)rtion of Costs such as 51ationery and telephones could be attributed to the governallce funciion but it is not practicable to identify these within the general ¢o$ts of central administrdtion. Those ¢OSLg. as set out above. also include a proportion of salari&% of c¢rtain staff. Other salaries are included 1th1n"co$1 of raising fimds" since they relate mainly to managing the church a visitor atttactioll. Where siaff and some other support costs are split between fi]nctions, this is on an estimated-lime basis. "Suppon costs" are difficult to quantify separately since all staff have a public-facing function and axe thus part of the church's jninisty as well as providing support to that rninistry. 3e INDEPENDENT EXAMIL¥ATIOLY FEES The PCC eurrently falls below the statutory incom¢ threshold for full audit. and the CoUnts were therefo simply independently examined by David Hoose of Forvis Mazars LLP who have cojkducted indepelldent examinations for several years. A provision of £4,632 includiD8 VAT was ]nade for this in thc awounts. 21
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY sTRATFOR1iIFO.AVoN WITH ALL SAINTS, LLT>DINGTON AIID ST HELEN'S CLIFFORD CHAMBERS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2024 STAFF COSTS 2024 2023 Salaries Ernployers National Insurance Employers Pension contributions 221,095 7,469 4,845 198.375 4,995 3.904 234,IJ09 207.274 Part- and full-lime employees (fvll-thne eqMlvaleDt avetage) In 2023, we moved io employing Vi$itor Welcome A&8istants on a ¢asual basi8 to support the visitor experience we offered at Holy Trinity. Thirt¢¢n staff were employed with three W0]ng au appToximately follr.hi)ur shift at any one time in the church. While this significantly increased out staffin8 COSL this bas been far outweighed by the improved feedback from visitors and increased tradmg suEpIu$. Key personnel.. Of the employed staff, two report directly to the Vicar attd One to tbe Associate Viear. The8¢ may be regarded AS key personnel. Theirr¢muneration on an anllual basis. including employer pension Contributions. totalled approxintelY £126.0(KJ. No PCC member5 ITtee5) or related parties rec¢ived remuneration in respect of their services &$ membert of the PCC. No Claims have been Jnade for out-of-pocket expenses by such MeInbs. Whilst they, and oth embers of the churcb including retired clerBY. May incur such expenses from time to time, any clain)s mad¢ a extremely rare and non-material. and. sinc¢ such Costs would relate purely to local travel etc, they would be itiSi8nifiwiL and accorthgly no value is here plo¢¢d on expenses waived. Pen•lons: Th¢ PCC operates a defined contribution pension Ex)li¢yuoder which eligible employ¢¢8 below pensionable #8¢ may b¢n¢fii from a contribution of 5.5•h of salary. The PCC has since l July 2016 been subject to the provisions of 4Uto-¢nrolmenL which directly affects per50nn¢l ¢arning over about £IO.O(K) per aDnum. within a s¢hernc ad[DIDter by the Church of England Pensions Board. For ¢U8] staff. we have offered employees the opiion ofjoining the NEST pension scherne which is more ¢IlY ts¥Dsferrable. 22
PAROCHIAL CHURCH COUNCIL OF HOLY TRIf41TY STRATFORD-UPON-Avof4 WITH ALL SAINTS, LUDDINGTON A]YD ST HELEN'S CLtFFORD CHAMBERS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2024 TANGIBLE ASSETS HDIY Trinity L4nd & BuildiDg Equlpment Ail Saint5 St Helens Tot•l Cost At l January 2024 Additions 137,500 24.479 161,979 At 31 Dex¢mber 2024 137,500 24,479 161,979 Depreci&tion Ai l January 2024 Charge for the yeaT 137,500 24,479 161.979 At 31 December 2024 137,500 24,479 161,979 Net book value At 31 December 2023 At 31 December 2024 5b INVESTMENT ASSETS: MOVEMENT THE YEAR 01.111.24 Dlsposal8 Net galn8 31.12.24 HOLY TRINITY 927 shares CBF IDV Fund (Rest'd) 20,955 479 21,434 ALL SAINTS 2,432 shares CBF Iny Fund 54,993 1,259 56252 ST HF.LENS 20 shares CBF Inv Fund 452 io 462 23
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY STRATFORD-UPON.AVON WITH ALL SAINTS, LUDDDIGTON AND ST HELEN'S CLIFFORD CHAMBERS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2024 ANALYSIS OF NET ASSETS BY TYPE OF FUND Total Fund$ Unrestrlcted Restrleted Funds Funds 2024 2023 Fixed assets lttv¢$lments Currenl assets Curr¢nt liabilities 21,890 212AII (36,974) 56,252 153,581 78,148 365,992 (36,974) 76.400 407.830 {44,340} 197J33 209,833 41J7,166 439,890 DEBTORS 2024 2023 2,853 12,604 14,322 12.301 Other IS457 23.623 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE ITAR 2024 2023 Creditors for goods alld services Taxation and social SeCUTity 33,493 3,481 44,340 36,974 44.340 9. RECONCILIATION OF IYET MOVEMEWIS IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIv[s 2023 Nctmovffljmt in funds {Gait151 / on investmfflts Divide*)ds, interes4 and rujts Dec[1]nCreaSe} in debtors (32.724) (1.748) 151,977) 11,166 (7W) 116,568 {6.5701 (37252) (1,868) 20,244 Nrt (uied tn) I provld¢d by op¢r•tlng a¢thltles 184649) 91.122
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PAROCIIIAL CHtiRCH COUNCIL OF HOLY TRtNITY STRATFORIkUPON-AVON WITH ALL SAINTS, LUDDINCTof4 AND ST HELEN'S CLIFFORD CHAMBERS NOTES TO THE FINAf4ciAL STATEMENTS For the year ended 31 December 2024 FUND DETAILS (Coutinued) Ullrestrleted funds- Holy TriDity The General Fund is Holy Trinity's general fimd devo¢ed to the mission and ministy of the parish. Its principal sources of inco]ne are congregatitsnal giving. other donations, and parochial fe¢s, and Tnost of its expenditure ig on the cost of the ministy staff {largely via the Diocese throubyh Parish Share) and Church music and wolp. The Trading Fund earns income from visitor dOnatiOn¢0tribUtiOnS and shop sales, and that income is spelli mainly on day-to-day costs, the bu]k of which costs relate to keeping the church open daily for visitors. Any surplus is transferred to the General fi]nd at the end of the fiscal year. Th¢ Legacies FundbeDefits Èrom the proceeds of unrestricted legacies, which the PCC spelldsas 0¢10n arises on items of a capitsl nature. The Parish Hall Fund receive5 in¢ome from lettingsand aiso notional rents from otherparts of the budgeL all of which As spent on ihe administrdtion and upkeep of the PaTish CentFe. Its historic deficit reflecrs the ditTi¢ulty of keeping pace with repair needs on a buildiTrg of this nature. Any sU]uS or deficit is transferred to the General fund at the end of the rCal year. The Desi8Wdted fund fororganresioration was estsblish¢d in 2022 to ringfence fvnds Committed to organ restoration. As sufficient ¢]onations are received and available ill the restricted fid, this fund is relieved and transferred back to the General fund. As the restoration was cornpleted 2024 all ttansattions are Complete and the fimd now closed. Unrestrlcted funds- All Saints, The General Ftlnd is self-explaTfdtory. Unrestricted funds- St Helen's The Genernl Ful is self-explanatory. Restricted funds- Holy Trinlty The Parochial Fund frequently receiv¢s donations, the proceeds of special collections etc, which are r¢8tricted to specific causes. So far as pos%ible these are paid over within the year when received. but this 1$ not always possible. and the Fund has therefore accurnulated a modest balance. The a¢¢umulated illcome from the St James. Trnst is also retained ina separnt¢ Fund. Current investmeni incorne and interest from the Ttust. together with the rental from one house, is d¢vot¢d primarily to the maintenan¢c of clergy houses in ac¢ordan¢e the Trust's objectives. Tb¢ Trinity Voices fimd represents costs to provide for a jutiior choir. The Mary Pickin Fund r¢pr¢sents a legacy intended specifically for the pur¢h&selryir of choir robes. The Remembrance Book Fund deals witb donations for entries in the church's Book of Rem¢mbran¢¢, and the cost of main¢aining that book The Organ fund was estsblished as a restricted nd in 2023 and receives donations restricted to the organ restOTation planned for 2024. As the restordtton was completed in 2024 all transactions are complete and the fill)d now closed. The church has a number of teams {e.g Social, Bellringers, Sunday Coffee) for whi¢b funds rdi8ed are held separately within the PCC accounts. Restricted funds- All Saints The Village Fabric Fund was set up to receive donations frorn residents of Luddin8ton village and their friends who rnight notbe churchgoers but wished to see the fabric maintsincd. It has CODtinued to receive donations and benefit fro fundtaising events in the village. 27
PAROCHIAL CHURCH COUNCIL OF HOLY TRIliITY STRATFORD.UPON.AVON WITH ALL sAl'Ts, LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBERS NOTES TO THE FDIANCIAL STATEMENTS For tbe year ended 31 December 2024 The Books for Children Fun4 Flower Fund and the Sulld&y Club Fulld are all self-explanatory. Ill addition, in recent years a Community Events futtd has been establish¢d with a balance of about £550. Finally, the churelL re8ul8rly holds eollecti(>ns and fundraising ¢v¢Dt$ for the Children's Society. R¢gtri¢ted fulld5- St Helen, The restricted funds at St Helell's have been extended to include The Fabrie Flllld attd the Clock tower fiuid which are self-explanatory together wlth a Testricted fund for Legacies. H¢r¢ is a B¢liringers fund has been estabjisbed io which ringers donate their fee for the upkeep of the bells and this year a Bell Restoration Fundbas been e5tab]ished specifically to cover the majorresratiOtt of the St Hekn's Bells. TrallBfer5 between fundi The traLsfers between funds bave beenmade to move the incolne or ¢xpenditure to the ¢¢1 fuJ]d. For donations received into a fimd but are for 8notherpuTpose e.g. Trinity F¢llowsbip donation for an possible extrnsion on the South Side. To clear any deficits on Fundq at tbe year end. li MAJOR ITEMS OF ExPENDURE Holy Trlnlty 2024 2023 Work on towerbells Chwch roof safety lanyards South side roof Audio visual system minor works Quinquennia] repairs Organ restordtion Display case in St Peter's chapel Upgrad¢s to 2 St Jolm's Close Painting re$torntion Chaodelier lowuing Hall h¢ating Hall security chUb heating Upgrad¢ lightring ¢ondu¢toi New CIllbIe 392 2,$80 1,659 5,901 357 17,497 7,1180 13,595 13,828 811A49 11,710 28,844 I,so 529 3248 260 lJ49 1,788 499 106,691 35,074 All Saknts St Helen'5 28
PAROCHJAL CHURCH COUNCIL OF HOLY TIUPIJTY STRATFORD-UPON-AVOl¥ wrrH ALL SAINTS, LUDDJNGTON AND ST HELEN'S CLIFFORD CHAMBERS NOTES TO THE FINANCIAL STATEMENTS For tbe year ended 31 December 2024 12 MISSION GtvtNG AND GRANT.MAKING POLICY 2024 2023 Children's Society BritislL Legion Clapa Embrdce the Middle East Alzheimer Society MasieoTP Holy Trinity in the Comjnuniry Strdiford upon Avoll Fdbat)k Macmillan Avon Cats Rescue Stratford christa$ lights Samaritan8 524 60 I47 562 103 1,971 1,971 1,971 lJ47 I48 1.182 4.685 37 733 612 loo 50 loo 7,721 12,482 In addition to the above, congregation members. and whools u18 tbe Church for their own services, made donatiorns to many of the above causes which did not pa85 through the PCC accounts. The poli¢y of Èbe PCC regarding grants is as follows: l. The totslity of collections in Holy Trinity on Christma8 Eve and Christmas Day each year, together with reclaimable Gift Aid and associated income, is given to selected ckwities at home and overseas whose objectives seem to the PCC to be in jine with its objectives. This is treated as restricted income and expenditure. 2. Any special collections for named charities, as agreed by the PCC oi the officers of the village churches, are also pas8ed to those charities. This is similarly treated ill general as restricted income and eXpend1tte. 3. From time to time the PCC may make additional grants out of its unrestricted income to causes which directly match its objectives. 13 OTHER GRANTS There were no other grants in 2024. 14 RELATED PARTY TRANSACTIONS There are no Telaied paty transactions to report during 2024 (2023.. Nil). 29
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY STRATFORD.UPON.AVON WTfH ALL SAINTS. LUDDINGTON AND ST HELEli'S CLIFFORD CHAMBERS NOTES ON ASSOCL4TED CHARITIES (These Notes do not form part Df the UDAuditsd aecounts) For the year ended 31 December 2024 PARISH CHARITIES OF THE ECCLESIASTICAL PARISH OF STRATFORD.UPON-AVO Oietl8tsred Charity No 216512) These chtieS are administrred by the Vi¢ar and Churthward¢ns. They comprise.. The R S G¢ng¢ Bequest for the benefit of the choristers. This is inVeSd 433 8har¢s in the Cljarities Official Inv¢5tTllent Fund with a Yalue of £5,431 as at 31 December 2024. Durillg 2024, £648 of the bala¢ was used to support choir pocket money aud £200 for choir awgr(ts. The Fyancis Thomas Charity for n[titen9ll¢e of 8 memorial. This is illve5ted in42 shar¢s in th¢ Clwities Official Investsncnt Fund with a value of £852 as at 31 December 2024. The Emily EvoDS Cura*s Fund. for clergy expensA wbicb is invested in 351 Sha in the ClJaTities Official Investment Fund with a value of £7,123 at 31 December 2024. During 2024, £l,O(X) of th¢ ¢&sh bal¢ was used to support clergy expenses. 30
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PAROCHIAL CHURCH COUNCIL OF HOLY TRtNfTY sTRATFo11PON.AV0N wrrH ALL NOTES ON ASSOCIATED CHARIT5 Notu do not forni part ofthe lln•lldlted Aewints) For the year eDded 31 De¢embtr 2023 ST JAMES, TRUST This Gharity is held by theDirKesan Trustees (register c]wity no249165) aB custlIall5, with the day- tthy management in tbe llands of the PCC. Discussions are ulldey between the PCC and the Die$ Inlee8 on how this fimd can beu8ed. The house at 3 C(w Cl(Ise way purchas in 2008 a Br08S Cost of £396,551. Its CO hag been marked]y legs than Sale pr(xxth of the f(Knw property at 61 Maideobeod the funds to provide inclrrte for its maintenance and othff putposeB itwe4wJ SIlfiCanY at that time. As ai 31 DeL%mber 2024 those fillS comprised approximately £217,¢ in CBF Investtnent and Deposit Fund& In 2021, the Associats Jfiw moved to St Jobns Close (a proper ty Own by the PCC) and Coopers Close was made available for c4NnmCll ts1. However, Cooper5 C105e still continues to be oprn by St je$. Trust. The inL¥>rne produ¢4d by the interest-bewiti8 element in these fimds is shovm in Note io to the nMin Accounts. The PCC has taken the viewthot thatineth)e 8hThQd b¢ applied primarily to themaint¢natKe of der8y b(witt88ett¢r8lly intheparisb and tothec0sts8LatedWith providit]8 ministy office space. The t1 expendibjre from bcrtb current and accumulated income iy a180 thown in Note 10. THE FRIENDS OF SHAKESPEARL'S CHURCH (Re$t Cbarlty No 1097403) Thi8 is an entirely separate ¢bariry. thw8b the PCC appcrfnts gome of the Tn and the Vic4r gcts B8 President. It exists to rai$e fimd8 10 assist in the restoration and imprnvement of Holy Trinity Church. Copie$ of th¢Friends' Report and C4n be (t*tsined from thc Hon Treawrer to the Friend4 via the Parish Offic¢ and further inf(xmation is on the website FRiKNDS OF ST HEL5 CHURCH IReeknttr ChArlty No 1173391) Thig 18 an entirdy Separate Cty, and the Vicar and Alate nIster are on the Board of Ttustees. It exist5 to rai8e fimd8 to assist in the restoralion and impro¥etnettt of StHelen'8 Church. Copies of the Friettd8' Report and Aco)unts c•n be obtained frojn the Hon Treasurer to the Friend4 via the P&isb Offic4 and fither Infl)rniatiL is on the website www.BhakespeAreschur¢h.or8. 32