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 2025 Unaudited Registered Charity 1128665
PAR()CHIAL CHURCH COUNC]L OF HOLV TRITrIITY STRATFORD-UPON-AVON WITH ALL SAINT.%' LUDDINGTON AND ST HF.LF.N'S CLIFFORD CHAMBERS ANNUAL REPORT 2025 CONTENTS Cbarity InfortiO Annual Report Independent Exanjiner's Report Statement of Financial Aetivities io 12 Balanee Sh¢¢t 13 Statement of cash flows 14 Notes to thc Financial Statemenls 15
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY sTRATF0RIUPoN-AYoN WITH ALL SAINTS, LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBERS ANNUAL REPORT 2025 CHARITY INFORMATION Registered gddress lThe Parish Centre Old Town Stratford-upon-Avon CV37 6BG Independcnt Examiner David Hoose Forvis Mazars LLP Second Floor Three Chamberlain Square Bimingham B3 3AX Bankers HSBC 13 Chapel Street Strdtford-uwn-Avon Wan¥ickshire CV37 6ET CAF Bank 25 Killg5 Hill Avenue Kings Hill West Malling Kent ME194JQ
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY STRATFORI>UPON-AVON WITH ALL SAINTS, LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBERS ANNUAL REPORT 2025 Our primary function being to worship God, th¥ Lhurches in the parish continue to provide regular services, both on a Suiiday, and, at14oly Trinity, during the week. Ai Holy Trinity.. Morning Prayer from Monday to Friday. Parish Eu¢harist at l O a.m. on a Sunday. and various services at 5.00 p.m. on a Sunday, nornially including one or nvo Choral Evensongs, a 'l-raditional Communion and a Taize seryice each month, with a H¢aling S¢rvi¢¢ when There is a fjfth Sunday in a month. The early 8 a.m. Communion has been restored on a nornially monthly basis. A new "Presence" setvice, a traditional fucharist with liturgical strncture but cont¢mpordry music and cliarismatic features, has been introduLed on eaS1onal Sunday evenings, and "Bubble Churoh.: oriented lo youiiger children, on altemate early Sunday mornings. Therc is also a Communion service in the Guild Chapel every Wednesday morning, and, moiE recently introduced, an inforn)al Communion at the K¢n Kenn¢li C¢nlr¢ on Tu¢sdays. The twi¢¢ monthly"Forest Church, on a Wednesday afternoon. offered jointly wilh Stratford Methodist Chur¢h, is a service held outdoors in the Holy Trinity churchyard, where the participants seek lo rind G¢)d in nature. All Saints, in Luddington has a Holy Communion service every Sunday. while St Flelen's in Clifford Chambers has two services a month.. a Morning Praise and a Holy Communion service. We have continued live-streaming th¢ 10 o'clock Parish Eucharist from Holy TTinity for the ben¢fit of house-bound p¢ople and others not able to attend the services in the church. A most significant event in the aulumn was the visit of our Bishop to our Parish Eucharist to confimi (and in some cases baplise) several adult5 and teenagers. In addition to growing numkrs at regular Sunday worship, there has been an in¢r¢a5e in participation at major festIvs, with a footfall of around 3,000 a¢ross the parish at Christmas. Holy Trinity has a very active coiigregation, with members participating in many groups including- the Choir: the Bell Ringers, the Bereavement Support Te¢un, the Bubble Church team. the Churchyard Mainienance V(>lunteers. the Contemplative Prayer Group, the Eco Church Team, the Flower Team, Fri¢nds olThc Music, Holy Trinity in the Community, Home Groups and Lourse8 the Ken Kennett Centre, the Lay Chaplaincy, Municipal Charities, Novel Theology. the Pastoral Contaci Teavn, the Prayer Ministry team, the Social Team, Strntford Chiirches Together, Street Pastors, Sunday Morning Coffee, Trinitv Fellowship, Faith-in-Film, Trinity Players, Trinity Times. Trinily Tots, Trinity Voioe& the Visitor Experience Team. and the Welcom¢ Te&s. Holy Trinity continued to be open for some hours each day during th¢ spring, summ¢r. and autumn, and al weekends only during the win*r. In addition lo volunteers frovn the congregation. Visitor Welcnmc Asslstants are now employed durin8 these times. Unfortunately, th¢ trend of increase in visitor nurnbers and in iiicome derived from thos¢ who pay to go into the Chancel. where the tnain attraction is Shakespeare's grave. has slowed down, and future opcning and staffing aangements are being kept carefully under review. The two village churches in our parish are open for prayer for a few hours each Wk. Th¢ PCC dccided during 2025 to place more emphasis on the use of our buildings for culture and the arts, by way of community outrvdch and ¢nga8¢m¢nl. Th¢r¢ tollow three examples uf this. In June. the Trinity Players put on their pr(duction of Fcderico Garcia Lorca's play The House of Bernarda Alba in Floly Trinity Parish C¢ntre. Th¢ Players also. earlier iii the year? presented a read version of Alice's Adventures in Wonderland, as well as. al the church fele in September, the Muminers Play of St George, and finally aTranged a'living Nativity" tableau in the'walk-through" carol servic¢ on Christmas Ev¢. Lunchtiine con¢¢rts on a W¢dnebday each week organi5ed by the Friends of the Music, kn(Iwn as "Soundbites," continue to prove extmelY popular. In addition, Stratford Choral Society and i)ther groups off¢r fr¢qu¢iil evening ¢on¢crts. Finally> at the end of the yeaT, Hoty Trinity played host to the E8cap¢ Arts"StaTS" exhibition. Wc have continued to publish our monthly magazine, 'frinity Times,, both online and with some prini¢d copies deliveTed to those who request and pay for them.
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY STRATFORD-UPON-AVON WITH ALL SAIIYTS, LUDDINGTON AND ST HELEf4'S CLIFFORD CHAMBERS ANNUAL REPORT 202S The Annual Parochial Church Meeting was held on Sunday I l May. Th¢ El¢¢tornl Roll numlwed 262 from Hoty Trinity, 13 from All Saints,, Luddington and 17 from St H¢l¢n's, Clifford Chamber5. The 2025 figures for baptisms. weddin8s and funerals are as folluws.. - Baptisms.. at Iloly Trinity 29. at All Saints, O; at St Helen's 3. Weddings.. at Holy Trinity 12. at All Saints. l- at Si H¢len's O: & the Guild Chapel 3. Funerals.. at 14oly Trinity 17. at All Saints. I; at Sr Helen's 2. Cremations under the auspices of the parish numb¢r¢d 17. and ash burials 13. The ministy team consists of three stipendiary clergy, plus until rec¢t]tly one who is sclf-supporting, and th¢ Children & Families Minister, who is also a L(K&l Lay Minister. They are ably supported by several relired clergy and two Lucal Lay Ministers. as well as on¢ person who has the Bishop's perniission to preach. Our Vicar is also chaplain to the Royal Shakespeare Theatre. Two members of Holy Trinity church ar¢ Foundation Governors for Holy Trinity Priinary S¢hool. along with the Vicar. who is a150 a rnember of the Council of the Shakespeare Birthplace Trnst. In addition to the above, and lo our small administrative team (three staff, approximately two full-time equivalent), the post of Parish Nurse was ereated last year. Thc first postholder has already demonstrated opportunities for great cxpansiort of holistic pastoral ministry, especially to the sick and elderly. Unfortunately, she has mov¢d on. bul will b¢ replaced early in 2026. Another important staffing area is that of our music team. Our tempordry Director of Music, Oliver Edwardes, left us in ihe summer and was i'eplaced by Colin Millington. Th¢ post. when combin¢d with some teachiiig at Kin8 Edward Vl School, ts a virtuallv full-time one, suptM)rted on a part-time basis (particularly in leading Trinity Voices children's choir) by Rcbecca Mills as Assislani Director of Music. Spe¢ial mention should be made of our churchwardens: Mik¢ Warrillow (also Hon TTeasurer), Paul Lageu (also Hon Human Resourc&% Officcr), Eve Archer (until her resignation in NoveiJ)ber} and Andrew Boyes- Varl¢y. Our thanks also go to Chris Kennedy, Planned Giving Offic¢r. Helen Warrillow, Parish Safeguarding orricer and lo Anthony Woollard, Honorary 8ecr¢tary to the PCC. Our safeguarding policy is displayed on the Church website, and all trustees, employees and volunteers involved in aclivilie5 Wlth children or vulnerable adultq hav¢ been safely reLruited (including valid DBS certificates). A new Safeguarding Team has been eslablished (consi%ling of the Vicar, Associate Minister, PSO and Parish l.lealth and Safety Ofticer) which m¢¢ls regularly to prepare reports forthe PCC and review tasks prompted by the Safegudrding Dashboard. All records are kept strictly in accordance with the General Dats Protection Act. There have not been any serious incidents, and a risk management $trat¢gy is in pla¢¢. FINANCJAL REVIEW The PCC'S funds Comprise thoK of Holy Trinity, All Saints. ai)d St Helen's churches which are managed s¢parately. but with the accounts consolidated at the end of ih¢ year. Holy Trinity funds By far th¢ largest resource rnovem¢nts r¢late lo Holy Trinity. As agreed at thc 2022 APCM, we have changed the historic nomenclature of our unr¢striGt¢d funds and replaced these with nomenclature that better reflects th¢ activity. The General Fund eovers a¢livities ora paroLhial nature. The 1 rading fund covers the day-to-day income and ¢xpenditur¢ of the church shop and Holy Trinily's minislry to visitors and its heritage functioll but no long¢r paying for restoration. The Parish I4all Fund covers rental income and day to day costs of the Parish Centre Legacies Fund which is self_explanatory and used for specific capital costs D¢signaled Organ Fund- this was discontiiiued atthe end of 2024 as the rcstoration was completed.
PAROCHIAL CHURCH COUNCIL OF HOLY TRIJYITY STRATFORD-UPON-AVON WITH ALL SAINTS, LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBFRS ANNUAL REPORT 2025 In addition to th¢ unrestri¢t¢d funds. ther¢ are some small, restricted fvnds. These are detailed in the annual aOuntS. and some of them ar¢ ref¢rr¢d to Ixlow: Major projects ai Holy Trinity in 2025 amounled to £116,047. This included on lanyards on the church roof allowin8 routine work to be completed safely (£16,948), Becket Chapel refurbishmcnt fully fijnded by the Friends of Shakesp¢ar¢'s chur¢h (£6,313), preliminary work on replacement of the church sound system (£17,163), installation of a roof alam) lo improve our insurance premiums (£l1.103}, lowering of ihe chandelier to improve safety and usability (£19,865), quinquennial work largely a$Sl4t¢d with stonework repairs to the church (£9,564). repla¢em¢nl of Ihe boiler flue in the church {£15,527) and a Tjumber of uiher minor items that are detailed in schedule I l. Since th¢ beginning of 2023. we have fundamentally changed the way we operated as n heritage tourist attraction. Wc havc pr¢viously rcqucsled donaiions for entry and employed limited stsff during summer months. Since that time, we hav¢ continued to Inaintain free access to the church as a whole, but to implement a small enlry charge for visitors lo the chancel. As thi5 is a charge rather than a donation, we paid V A T on all income resulting fmm ihis changc. In addition, we employ Visitor Welcomc Assistants on a casual basis to ensure we off¢r¢d a positive visitor experieiice to those visiting the church. This year the entry fee to the chan¢el remained ai £5.00. Visitor Icvcls lo the church overall were up 60/0 in 2025 and visitors to the chancel were up 20/0. Income from visitors to th¢ Chan¢el area was up 3 /• versus 2024 with the freedbaek received from visitors on their experience remaining very positive. Shop sales in 2025 weTe £88,000. up 60/0 from 2024 retlecting increased visitor foorfall. Ov¢rall shop profits howev¢r remained strong al about £29.000. The Parish Centre was available for LK)oking for various community groups througliout the year. However, costs significantly outweighed incoin¢ by £7,500. This is a significant improvement from a deficit of £21.000 in 2024. As previously agreed. this deficit will be trdnsferred to the General Fund. A long lerm plan r¢mains required to improve viability of the Parish Centre. In parochial activity, incoine from regular giving has increased by £24,500 to around £143.500 as the result of a successful Planned Giving Programme in the first quarter of 2025. CJiving which have coine through stsnding orders have increased to 86/0 from 78U/o in 2024 making our income mor¢ consisl¢nt. In addition we received aTound £40.000 recldimed under (lift Aid) Donations from the colledion plate reduced corrcspondingly from £19,400 in 2024 to £17,0(M) in 2025. Donations from ihe congregation continue to eet all of the salary of the Children and Families Minister, retlecting our ¢ontinu¢d Commitment to 8row this area ofthc congrcgation. Rcgrtttably the Parish Nurse we employed late 2024 resigned during 2025. I lowever, this role proved very suc¢essfvl in addsSing pastoral nceds particularly in older menibers of the congregation. We have idenlified a replacement lo continue ihis work who will start in early 2026. The parish paid a Parish Share of £139,229 in 2025, similar to the amount of £138,639 paid in 2024. The Parish pays the full shar¢ as r¢quesl¢d by the Deanery covering its full cost of clergy and contribution towards the Dioces Support Fund. The unrestricted Legacies Fund has received one ttcw legacy of £1,278. Expenditur¢ was nearly £20.000 on the chandelier lowering project and a new chasuble. The tund now slands ai £53,598. Trinity Players Fund reduced by about £700 relating perforn)ance costs. The players donated £5,000 towards tlie n¢w sound system. This r¢slri¢led fund shows a surplus of some £1,533 al year end, mosl of which will again be donated to ongoing projects. Th¢ Properli¢s Reslri¢t¢d Fund r¢¢¢iv¢s the investm¢nt income from St JaTf]es-s 'l-rust, plus liouse rents partly offs¢t by maintenance costs. Both 2 St John's Closc dnd 3 Coopers Close were rented commercially through 2025. The rent from St John's was used to fund the rent on the Associate Minist¢r's house which he chos¢ lo renl commercially. Th¢ fund r¢mains healihy widi about £41,000 in sUlUS in anticipation of future upgrading wark. In 2026 w¢ are likely to use some ofthis fund to support Ministry work as pertnitted under the terms of the St James, Trust.
PAROCHIAL CHURCH couf4CIL OF HOLY TRINITY STRATFORD-UPON-AVON WITH ALL SAINTS, LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBERS ANNUAL REPORT 2025 We hav¢ continu¢d the prlICe ofchurch group finances coming under the auspice8 of the PCC to avoid bank charges on small accounts. These include the Bellringer& Hospirality leasl Coffee slop, Social Team, Trinity Ladies and Sunday Coffee, all appear on the list of restri¢ted accounts. In general, th¢ surplus from the accounts is donated to church projects OT to lo¢al Charilies. The walk-throu8h forniat of Christmas services Gontinu¢d in 2025 and was again very well received and donations (and associated gift-aid) of £6,540 were once agAin devoted to th¢ PCC'S thT¢e chosen charities. All SaiD¢s' funds AII SAints' fi]nds comprise a General Fund and a restricted Village fabric Fund, together with thr¢¢ other very small, restricted funds. Th¢ General Fund increased by £923 and remains healthy at £32.030. The restricled Village Fabric Fund also r¢main5 healthy at about £32,000. Th¢ majority of CCLA investments made by All Saints, Church are due to legacies. the first of which were made in 1960. Th¢ inilial legacy was made ' For the sole and exclusive benefit of All Saints, Church, Luddington, and for iio other purpos¢'. The subsequent inyeslments mad¢ fr(Mn 1981 onwards w¢r¢ also the result of legacies for 'the maintnance of All Saints, Church.. or 'maintenance of lh¢ churchyard. The Legacy flind stand at £54,000. St Helen's funds Si Helen's fiinds comprise a Generdl Fund: and five restricted fabric funds. The G¢n¢rdl Fund in 2025 showed a small deficit if £117 and the balance remains around £11,300. The various f8bric funds showed a deficit of £5,416 largely after Significant work tn the chuwh bells and now stands at £27,01 O alongside which may be counted the resour¢¢s gath¢r¢d separately by the Friends of. St H¢l¢n's lowards r¢stora¢ion of the building. PCC balanee sheet The overall balance sheet at the end of the yeaT Stood at £387,590. a reduction of £19,576 on the previous year. Thc r¢maining investmcnt holdings across the Parish (now mainly at All Saints) are currcntly valued at about £75,024. Money held on deposit lotsls about £270.228 of which £198,600 is attributdble to Holy Trinity. Money in cumt bank accounts and cash amount5 total lo around £65,000, of which around £33,000 is attributable to l.loly Trinity- In addition, Holy Trinity relain5 soine £24,000 worth of shop stock, an increase of nearly £9,300 from 2024. The value on paper i)t the property ai 2 St John's Close, whiLh is currently rentcd out, has now been depreciated to zero on the balance sheet, though of course it reinains a polenlial assel. 'I"he property at 3 Co0r5 Close, which is also curr¢ntly rented OUL belongs to the separate St Jatnes's Trust. Outstanding liabilities at year's ¢nd were £64,826, largely reflecting invoices noc due and wedding deposits and V AT liabilities of £7,295. Salaries The total salary bill. including National Insurance and pension contribution& was some £258.000, an increase ot about £24,000 or l OO/• on 2024. (This excludes the slipends of th¢ clergy which are met through Parish Share.) This increase largely reflects the PCC decision ¢mploy a Parish Nurse who was in place until August 2025 and a part lim¢ shop manager frojn May until November. The PCC contribules either lo a p¢nsioii scheme administered by the Church of England Pensions slaff s Salaries or to the Board eligibl¢ NEST pension scheme uvtder the governinent's auto-¢nrolment legislation. Siaff salaries are benchmdrked against good practice in other PCCS in the Major Churclies Network. and all staft salarie% are above the Livin8 Wage (as recommended by the Living Wage Foundation, whi¢h is higher than that required by law).
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY STRATFoR[UP0LY-AvoN WITH ALL SAINTS, LUDDINGTON AND sr HELEN'S CLIFFORD CHAMBERS ANIYUAL REPORT 2025 Reserves Policy The PCC'S policy is to maintatn in the unrestrtcted reserves a minimum of six months. unAvoidable payroll commitmcnts- ¢urr¢ntly around £50,000- and nornially to keep around £50.000 towards fulure restoration expenditure. It will be clear from the above that this policy was largely fulfilled throughout 2025. Fraud. theft, and damage There is no evidence of any impairnients in 2025, and the PCC is thankfvl for the vigilance of paid staff and ¢l¢cled Ol¢Cr$, whi¢h ensures that property is k¢pt secure and that receipts and payments a pr(KYbsed securely and in good time. Risk assessments, financial and other, are carried out as rcquired on all tIvitIes, and a ¢ompreh¢nsive update of the PCC'S regular overall financial risk assessment is due. Structure overnydnce mana ement The Parochial Church Council (PCC) is a corporate body established by the Church of England. Il operates under the PCC Powers Mellsure 1956 2nd Church Representation Rules 2011. The PCC is registered with the Charity Commission. Regi5trdtion Number 1128665. The method of appointment of PCC members is in line with the Church R¢pr¢s¢ntation Rules. In Stratford- upon-Avon Parish, membership consists of th¢ Incumbent (our Vicar) and oiher ¢lcrgy li¢ensed to the parish, our churchwardens, our representatives on Diocesan and Deanery Synods, and members elected by those who are on the parish Electoral Roll. All members of Ihe congregalion are encouraged to register on the Elector&l Roll and stand for election to the PCC. The PCC is r¢sponsibl¢ for making d¢cisions on all matters of general concern and importance in the paribh including hom( the funds of the PCC are spent. A Standing Committee of the PCC (cstablished under the said Church Repres¢ntation Rules), comprising the Vicar, 4 Churchwardeiis, and four tllembers elected by the PCC, meets regulArty. making urgent decisions or sending recommendations lo PCC. In addition to an Away Day in July. the full PCC m¢t six lim¢s during ihe year, with an av¢rag¢ atl¢ndan¢e of around 750/0. Each PCC meeting focusses on the a¢tivities perfornied by a variety of groups within the church. This approach provides the dual b¢n¢fil of grealer awar¢n¢ss of k¢y areas ofchurch life. as well as providing a forum tor gmups to shar¢ issues and successes wilh PCC mcmbcrs. Administrative information The Parish of Stratford-upon-Avon comprises three churches.. Holy Trinity in Stratford Old Town alongside the River Avon, All Saints, in the small village of Luddington and St Helen's in the small village of Clifford Chambers. The correspoiidence addres5 is Parish Office, Old Town, Straiford-upon-Avon. CV37 6BG. PCC members who have seryed during the ycar.. Exvofficio tnember5 Incumbent Reverend Patrick Taylor ReY¢rend Matthew Ford (Chair) Associate Minister Curate Reverend Thomas Powell (until December) Curate R¢v¢rend Emma Harrington Mr Tim RaistriLk Churchwardens (unlil May) (from May) Mr Paul Lag¢u Mr Andrew Boyes-varley Ms Eve Archer (until November) MrMik¢ Warrillow
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY STRATFOR1uPON-AvoN WITH ALL SAINTS. LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBERS ANf4UAL REPORT 2025 Diocesdn Syni)d Mr Anthony Woollard Mr Philip Harper Miss Jane Amiitage Mr Anthony Woollard Mr Philip Harper Mrs Teresa Kristunas Deanery Synod Ms B¢¢k¢y Barton (until November) Elected Members Mr Samuel Jup¢ Mr Paul Lageu Mrs Liz Roome (until May) (until May) (until May) Ms Marie McDougal Ms Sarnh Paine Mr (ieorge Reah Ms Diane Arnistrong Mrs Helen Warrillow (Safeguarding Ofti¢¢r) Ms Elizabeth Roper-Kemp (from May) Ms Federica Ionardi8 from May) Mr Jeremy Harrold* (from May) Co-opted Members from May 2025 Mr Dal¢ Edgington Mrs Danielle Benge Members whose nam¢s are asterisked above are PCC employees. who lake a full part in the life of the church and th¢ work of thc PCC but withdraw from discussions of cmployment and remuneration. By invitation as non-voting observers= Mr Colin Millington Ms Lola SFtsioti- Director of Music (from Sept 2025) Visitor and Marketing Mana8¢r
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY sTRATFORFOTrI-Av0 WLTll ALL SAINTS. LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBERS ANNUAL REPORT 2025 Responsibilities of PCC members: Charity Law rcquires the Members of the PCC to Prepare fmancial statements for eacb fiscal year. which give a tru¢ and fair view of the disposition of the funds al the end of ihe fiscal ye3s and of the financial transactions for the year. Ill preparing these fule12151at¢mentS, the memb¢rs are r¢quired to: select suitable accounting policies and then apply them consistendyg make judgements and estimatcs that ate reasonable and pnthnt. state whether applicable accounting standards bave been follow¢d subject to any material departures disclosed aDd explained in th¢ financial stalcments; prepare the fman¢ial statements on the basis thai the Charity will continue in operation unless it is inappropiiate to prcsume this. The members are responsible for keeping proper acc(Junting records to ¢nable them to ensure that the finan¢ial 5tat¢ments comply with the Statement of R¢¢ommendcd Practice and the Charities A¢t. Thcy are also responsible for safeguarding the assets of the Charity and henr¢ for tsking steps for th¢ prevention and d¢te¢tion of fraud and other irregulantie5. Thc membas have r¢f¢rrcd to the guidance wntsined in the Charity Commission's general guidance on public benefit when reviewing thc charity's aims and objectives atjd i%J platming future activities. In particular, th¢y have considered how planned tivIt¢S will contribute to the aims aJ]d objertivcs set. Approved by the PCC 17 Marcb 2026 And signed on their behAIf. RJ, J+ The Reverend Pitriek Taylor (PCC Chair)
INDEPENDENT EXAMINF.R'S REPORT TO THE PCC OF HOLY TRINITY STRATFORlkUPON-AVON WITH ALL SAINTS. LUDDINGTON AND ST HELENS CLJFFORD CHAMBERS I report on the fthan¢ial statemenis of the PCC for the y¢ar ended 3 1st D¢C¢mr 2025, which are sel out on pages 12 to 29. Respeelive responsibilities of trustees and examiner The charity's trust¢¢s are r¢sponsible for th¢ preparation of the financial slatements. The charity's trustees ¢onsid¢r that an audil is not requtred for this year under section 144(2) of the Charities Act 2011 {the 201 Act) and that an independent examination is needed. It is my responsibility to.. ¢xamin¢ th¢ finan¢ial stat¢m¢nls under sedion 145 of the 2011 ACL follow the procedures laid down tn the general Dircclions givcn by the Charity Commission under section 145(5)(b) of the 2011 Act. and state whether particular matters have come to my attention. This report, including my statem¢nL has be¢n pr¢par¢d for and only for the charity's truste¢s as a bi)dy. My work ha5 been und¢rtak¢n so that I might state lo the charity's trusiees those maliers l am required to slate lo th¢m in an independent examiner's r¢port and for no oiher purpose. 'lo the fullest extent pertnitted by law, I do not accept or assuine resTX)nsibility to anyone other than the charity and the charity's Irustees as a body for my examination work. for this r¢porL or for th¢ statements I have tnade. Basis of independent examiner's report My exaJnin(Ilion w$ ¢arried Out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of ihe financial statements presented with those records. li also includes consideration of any unusual items or disclosures in th¢ financial stal¢m¢nts and seeking explanations from you as trustces 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 8iven as to whether the financial slatements present a 'true ld fair view. and the report is limited to IhL)se mallers sel out in the stateiiient below. Independent emminer's statement Since the charity's gross income exceeded £250,000, your exainiiier musl be a meinber ot a body listed in section 145 of the 201 I Act. I c4)nfirni that l am qualified to undertake the examination by being a qualified m¢mbcr of the Institute of ICAEW w,hich is one of the listed bodies. In connection with my examination, which is complete, no marters have Come to my attention which give me reasonable cause to believe that in any material respect= accounting records w¢r¢ nol 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 Ihe financial statements do T]Ot comply with the applicable requirements conceming the forni and content of financial statements set out in thc Charitics (A¢¢ounls and Reports) Regulations 2008 other than any requircin¢nl that th¢ financial statements give a 'true and fair, vi¢w whi¢h is not a matter considered as part of an illdcpendent examination. 10
David Hoose (Mar 23, 2026 10:51:42 GMT)
23/03/2026
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY STRA TFORD-UPON-AVON WITH ALL SAIP4TS' LUDDINGTON AND ST HFLF.N'S CLIFFORD CHAMBERS STATEMENT OF FINANCIAL ACTIVITIES (Incor11% tho Ineome Expenditure Account) For the year ended 31 December 2025 Unrestricted Restricted funds funds Totsl funds 2025 2024 Nol INCOME In¢ome from donations and legaci In¢orne from ancillary trading Oiher incoming resources Incorne from investments 2b 2¢ 279,893 342.151 98,969 120 378,862 342,271 384,011 330.491 2d 10.667 50293 51,977 TOTAL 632,711 J49J82 782,093 766.479 EXPENDITURE Raising Funds 194,907 37,888 232,795 247,973 Charitable A¢tlvities Grants Activitie5 related to work of thurch Central adTninistralion 3b 400 398,619 86,346 9,261 70,621 503 9,661 469340 86,849 7.721 470.505 74,952 3d TOTAL 680272 11&273 798,545 800,951 SURPLVS I (DEFICIT) LIEFORE INVESTMENT GAINS I LOSSES (47361) 31.1119 (16,452) {34,472) Investment gainslllo$5¢s) (3,1241 (3,124) ,748 NF.T INCOMING / {OUTGOItYG) RF.SOURCES {47J61) 27,985 (19.576) (32,724) Transfer between fvnds 10 8,866 (8,866) NET MOVEMEJYT Ir4 FUNDS (38,695) 19,119 119,576) (32,724) Balance brought forward l January 2025 197,333 209,833 407,166 439,890 BALANCE CARRIED FORWARD 31 December 21125 158,638 228,952 387.590 407.166 The notes on pages 15 10 29 fom part of thes¢ financial statements. The location of the SOFA for the prior peri being in note 2a. 12
PAROCHIAL CHURCH COUNCIL OF HOLY TRINTfY STRATFORD.UPON.AVODI WITH ALL SAINTS, LUDDINGTO.N AND ST HELEN?S CLIFFORD CHAMBERS BALANCE SHEET s Al 31 De¢embeT 2025 Note% 2025 2024 FIXED ASSETS Tangibl¢ asseL8 Holy Trinity ]nvesbneE)t assets Holy Trin&ty All Swttts Si Hcl¢lls 5b 20,577 54,1)03 444 21,434 56,252 462 75,024 78.148 75.024 78,148 CURRENT ASSETS Stock Debto Sborttemi depotsits 24Jll 18J54 15,1i01 15.457 Holy Trinity All S&ints St H¢l¢ns 198,600 45,109 26.519 192272 43.961 24.839 270328 261,072 Cash Atb3nklin hand Holy Trinity All SasntS Si Helens 33.199 19,795 11305 39,052 16,709 18.699 64499 74.460 377?92 365992 CREDITORS: AM0UPs FALLING DU£ WITHIN OPIE YEAR (64,826) {369741 NET CURRENT ASSETS 312566 329.018 CREDITORS; AMOUNTS FALLING DUE BEYOND Of4E YEAR 312566 329,018 NET ASSETS 387J90 407.106 FUNDS Uore5tricted 10 Holy Tntiity All Saitits Si Helens IIS206 32,030 lJJ41 154,767 31,107 11,459 151638 197J33 Restrtded Holy Trinity All Saints St Htlc]ts 114,558 87J84 27.010 91.774 85.633 32.426 228,952 209,833 TOTAL FUNDS 387J90 407,166 Approved ttuthori$ed foy isjue by tht PCC on 17 Mr¢h 21116 Dd $igLed on their beh#lf by: IJ, i+ Pitri¢k T8ylor (Vior) The notes onpag¢s 15 to 29 fonnpartof these finaocial statemts. 13 Mike TregsprtrAnd Chyrchw*rden
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY STRATFORINUPON-AVON WITH ALL SAINTS. LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBERS NOTES TO THF. FITr4ANCIAL STATEMENTS For the year ended 31 December 2025 STATFMENT OF CASH FLOWS 2025 Z024 Net tash prrtrvSded by I lustd in) opernting etivitie5 (see nolt91 {52.457 181649) Cgsth tlows from investing gctivities: Dividtyd¥. inteTtst, and renis Ilncreasel l Decrease in SiLxk 51.977 3,586 19,31181 N•t ¢a$h IDllprovld¢d by Invtsting activities 51,652 55.563 CA$h flows from finnttng srtivities: Borrowing Ntt ¢sh prowld¢d by fina¢12 activitie5 Change in t8gh In the reporting ptriod Cash at beginning ofreportinE peri] (8051 335332 127,0861 362.618 C5h al ¢nd of reporting peri 334,727 333.532 14
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY STRATFORD-UPON-AVON WITH ALL SAINTS, LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBERS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025 ACCOUNTING POLICIES 'I'hc financial statements have been PTepared in acwrdance wilh the Church Accounting Regulations 1997 as amendcd by the Church Accounting (Amendment) Regulations 2006 tog¢th¢r with applicable UK Accounting Standards, including the FiT)ancial Reporting Standard 102 IFRS 102), and the Statement of Recommended Prdctice October 2019 (FRS 102). The October 2019 cdition of the Charities SORP (FRS 102) includes amendmenls ariSig from the Financial R¢porting Council-'s triennial review of the standard. There is no Inaterial effect on the um(TrLLnts' recognised in thesc financial statements because of adopting these amendments. The financial statemenis have been Frtpared under the historical cosl convention except fi>r the valuation of investment assets, which are shown at markei value. The financial statements are prepared in sterling which is the fvn¢tional currency of the charity. The PCC ¢onstitutes a public benefit entity as dcfincd by FRS 102. Members of ihe PCC consider that there are no matcrial uncertainlies about the PCC'S ability to continue as a going ¢on¢ern. Fund$ General funds represent the funds of tlie PCC that are nol subject to any restrictiun5 rcgarding their use and are available for application on the general puryoses of ih¢ PCC. Fund5 desi¥nated for a particular purpose by (he PCC ar¢ also unrestricted. The accounts include all transactions, assets, and liabilities for which the PCC is responsible in law. They do 7]ot include the accounis of church gr(wps that owe their main aJTiliation to another body or those that arc informal gatherings ofchurch members. Income Donaiions i*¢ole and copilal.¥$irCe$ Collections are recognised when received by or on bchalf of the PCC. Planned giving receivable under Gift Aid is recogniscd L)nly when received. Incl¢ Lax recoverdble on Gift Aid donations is recognised when the income is recognised. Granis and Icgacic5 to the PCC are accounted for as soon as the PCC is notif1ed of its legal entitlemenL the amount duc is qllantifiable and its ultimate receipt by the PCC is probable. Funds raised by fundraising evcnt5, and salcs from the church shop, are accounted for gross. Oiher income Rental income from the lettit)g of ¢hur¢h premises is recognised when the rental is due. IncomefronT Iriv&i'imenl.S Dividends are accounted for when due and payable. Interestenlitlemeiils are accounted for as they accNe. Any tax rccoverable on such income would be recognised in the same accounting year. Gains andlosse5 ou invesimenls Realised gains or losses are recognised when inv¢stm¢nts art sold. Unrealised gains or losses are accounted for on ihe revaluation of investments on 31 De¢embtr. 15
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY sTRATFORuPO-AVoN WITH ALL SAINTS, LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBERS NOTES TO THE FINANCIAL STATEMENTS For ihe year ended 31 December 2025 Expenditure Liabilities are recognised resources expended as soon as there is a Icgal or constructive obligation committing the PCC to th¢ expenditure. All expenditure is accounted for on an accrllals ha%is and has been classified under headings that aggr¢gate all costs related to the category. Gronls Grants and donations are accounted for when paid over, or when awarded, if that award create5 eon%tructive obligation on the PCC. AcltvitiÈs diretily reltslirtg io trhÈ wurk Church. The diocesan parish share is accounled for when payable. AMY parish share unpaid at 31 December is provided for in these accounts as an operational {though noi a legal) liability and is shown as a creditor in the Llalance Shcct. Fixed 85s¢ts ConsecraledproFerty 4ndmov(7ble ChurGhfvrnkings Consecrated and benefKed propety of any kind is excluded from the accounts by s.10 of the Chariti¢5 Act2011. Movable church furntshings held by the Vi¢ar and Churchwardens on special trust for the PCC, and which requtre a faculty for disposal, are accounted as inalienable Propety unless consetraied. For inalienablc prowrty acquired PTIOT to 20(X) there is insufficicnt cost information available and thcrcforc su¢h assets are not valu¢d in the a¢counts. It¢ms acquircd since l Janupry 2000 have been capitalis¢d and depT¢ciated in th¢ accounts over their CUeilY anticipated useful OnOMIC life on a 8tTaight-linc basis. All expendiiure oil coi)secrated or bthleficed buildings, individual items under £3,000 or on the repair or movable church furnishings acquired before l January 2000 is written off. "ler} hoiises Thc clergy house at 3 Coopers C105e is the property of the St Jarnes's Trnst of which ihe PCC are rnanaging trustees. li is referred to in the attached Notes (Note l O) but is not valued as a PCC assei. The clergy house at 2 Si John's Close, Ing the property of the PCC, is valued ai purchase price less depreciaiion on a straight-line basis over 10 years. As a potential operational property, it has not been revalued, and its i0k value is accordingly now zero. Oiher fL¥mra¥,.fitting.f, and ¢?ffice equipment Equipinent used within the Church preTni5es is in g¢neral depreciated on a 5traight-line basis over l O years. Individual items of equipment wilh a puroha5¢ price of £3,000 or le55 are written off when the asset is acquired. It7ve5tmep71s Invesmients are valued ai mat*et value ai 31 December. Current assets Amounts owing to the PCC on 31 December ID respect of fecs, rents or other income are shown as debtors l¢ss provision for amounts that may prove uncolleciable. Short-iemi deposits include cash held on deposil ciiher with the CBF Church of Fngland Funds or at the bank. Stock is valued at the lower of cost and nei realisable value. 16
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY STRATFoRtuPON-Av0N WITH ALL SAINTS, LUDDINCTON AND ST HELEN'S CLIFFORD CHAMBERS NOTES TO THE FINANCIALSTATEMENTS For the year ended 31 December 2025 Operating leases Rentals payable under operating leases are charged on a strnight-line basis over the terni of the lease. Pension Scheme Pension Scheme The PCC participates in two pension schne$. Pernjantjbt full and part time staff have the opportunity to enrol in the Pension Builder Scheme section of CWPF for lay staff. cwpr is administered by the Church of England Pensions Board, which holds the CWPF assets separately from those of the Employer and other participating employers. 'I'he Pension Builder Seheme of thc CWPF is made up of two sections, Pension Builder Cl85si¢ and Pension Builder 2014, both of which are classed as defined benefit schcm¢s. Those employees of th¢ PCC who are eligible for support towards pcnsions are members of thc latter. Pensioii Builder 20J4 is a cash balance 5¢heme that provides a lump sum whi¢h membcrs u8c to provide bellefits at retirem¢ni. P¢nsion contributions are recorded In an account for each member. Discretionary bonuses may be added before retircrncnL depending on investrnent reiurns and other factors. The account, plus any bonuses declared is payohlc, llnreduced, from age 65. There is no sub.division of wets benveen employers in each section of the Pension Builder Scheme. The scherne is considered to be a multi-employer scheme a5 described in Section 28 of FRS 102. '1'his is because it is nol possible lo attribute the PensÉon Builder Scheme's a55ets and liabilities tts specific employers and means that contributions are accounted for as if the Scl)eme were a defined tontribution scl)eme. Tjie pensions costs charged to the SOFA in the year are the Contributions payable {2025' £6,120, 2024: £4,845>. A ¥alualiL)n of the Pension Builder Scheme is carried out once every ihree years. The most recent valuation was carried out as at 31 Decejnber 2025. For the Pensio]] Builder Classic Seftion. the valuati revealed a sutplus of £34.8m on the ongoing assumptions used. Ai the most recent annual review elyecliye l January 2026, Ihe B(hard Chose to grant a discrelionary bonu5 of 10 /0 to both pensions nol yel in payment and pensions in payment in respect of service prior io April 1997,. and il bonu5 on pensions in paymenl in respect ofw)sl April 1997 service $0 thal the pension increase was also I/0 (wher¢ usually il would be calculatsd based on inflalion up to an anrual Cap of 501¢ for pensions in payment in respect of service prior to April 2006 and 2.5 /0 for pensions in payment in respect of servi¢e tK>st April 2006). This followed improvemenls in the funding position over 20?5. There is no requirement for (kfiLit payments at the currenl time. For the Pension Builder 2014 section, the valuation revealed a Surplus Df £8.5rn on the ongoin¥ assumpiions used. There i5 no requirement for deficit paytnent5 at the current titne. The next valuation is due a5 at 31 Deceinber 2028. Casual starrhdve the (>pportuniiy to enrol in ihe Govemment NEST pension scheme. The employers contribution ts) pension costs charged to SOFA in the year 2025= £359. Fin4n¢ial InstrU¢[jtS The Charity only ha5 fall¢la1 ass¢ts and financial liabilities of a kii)d that qualify a5 basi¢ financial instrum¢nl$. B&sic financial instruments are inirially recognised at transaction value aiid Subsequently measured at theiT settlemen( value. Judgements and Estimalions The trnstees have made any sigTIifiLll1 judgemen15' in the process of applying the accountin¥ policies and there are no areas of estimation llnLertainty that huve a si¥nifiLani risk of Lausing a material adjustmeni io ihe carying aTnounts of assets and liabilities. 17
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY STRATFORD-UPON-AVON WITH ALL SAINTS, LUDDINGTON AND sr HELETr4'S CLIFFORD CHAMBERS r4oTES TO THE FINANCIAL STATEMENTS For tlie year ended 31 December 2025 STATEMENT OF FINANCIAL ACTIVITIES Ilnre$irltted nd$ RestriclEd fllnd5 Ilnre5rricted Re5tricied Tr4trtes 2D25 2D24 INC.ONIE tncome hom d(atiOnS snd l¢gs Income alIlary tTadin¥ Income fmm invesiments 2b 2¢ 2d 279,893 342,151 10.&$7 98,969 120 50293 378162 342271 265.765 330.461 118246 30 40,5?2 384,011 330,491 51,977 TOTAL 632.711 149J82 782093 607.681 158.79¥ 766.479 EXPENDITIIRE Rai£ing Funds 194,9)7 37,888 212.79S 234.032 13.941 247,9 Ch8ritsNe activitieg 3b 4(X) 9.261 9MI 7.721 7,721 470,305 Activities related 10 of ¢hur¢h 398.619 70.621 503 46924 86h49 311.wl 74.681 Cenir81 administraiion 3d 86,346 271 'I'o'rAI. ,272 118J73 798J45 620,704 180247 800,951 SUB TOTAL I4?1) 31,109 116h$21 (13,0231 121,4491 134.4721 Inv¢51#[gaInSIlI055cSl 13,1241 13,124 1259 489 1.748 NET J_ycof411NGIIOII'J'COJNGI RFSOIIR¢.ES 147 $611 27.985 119J761 111,7641 120.960) 132.7241 Tian$fri betwttn fuiid5 lJ661 146.99()1 46,9)0 _0vEIE7 IN FIINDS (38ffj951 19.119 119J76 158.7541 26.030 132.7241 Ba7Ce brollght fopard l 202511 J2nu3ry 2024 197J33 2091133 407,166 256.08? 183.803 439,8 B*lgnt£ tarried fonvurd 31 Deeember20251JI DtIllber 2024 158&38 ZJJ52 3875gV 197J33 2(VJ.833 407,166
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY STRATFORINUPON-AVON WJTH ALL SAINTS. LUDDINC.TON AND ST HELEN'S CLIFFORD CHAMBERS NOTF,S TO THE FINANCIAL STATEMENTS For the year ended 31 December 2025 2b INCOMF. FROM DONATiof4s Af4D LEGACIF,S Unrestricted lunds Restricled funds Total funds 2025 2024 Planned giving Income recovered Collections rants Donations, apPlS etc. l.egacies Fundraising events Sundry ll)come 154,577 39,525 20,008 7.615 43,119 1.278 l.n12 12.759 154,577 45,199 24,9S5 42 J30 66J48 13,825 1&436 13,192 129,651 40,396 23,539 17,302 94,320 52,348 13.226 13,229 5,674 4,947 34,715 23,229 12,547 17,424 433 279,893 98,909 378,862 384,011 2e INCOME FROM AI¥4CILLARY TRADING Unrestriettd Funds Restrieted funds Total fuvds 2025 2024 Magazine Shop ¢hancel Church hall letting Fces 1.021 283.804 21.132 36,134 1,021 283.864 21.132 36,254 1,434 277,730 23,430 27,897 120 342.151 120 342271 330.491 2d INCOME FROM INVESTMENTS Unrestricted Funds Restricted funds Total fuTrds 2025 2024 Dividends and interest Renls IOh67 10.684 39,6119 21.351 39.609 25,600 26,377 10,667 50,293 00.960 51.977 19
PAROCHIAL CHURCH COUNCIL OF HOLY TRJNITY STRATFORlkUPON-AVON WITH ALL SAINTS. LUDDIP4GTON AND ST HELF.N'S CLIFFORD CHAMBERS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 202fj EXPENDITURE ON IL41SING FUNDS Unr¢stri¢tcd fund$ R¢$trlcted TotAI funds 202S 2024 Magazine costs ChuTch hall Tunning w5t5 Rental prop¢rty ¢osts Shop and ¢han¢¢l 513 Fundrnising ¢o$ts 600 28,032 6(K 28,632 26,925 165,675 10,963 3&139 7,829 195,413 6,112 26,925 165,675 10,903 194,907 37,888 232,795 247,973 3b GRANTS Unrestricted funds Re5tri£ted Total funds 2025 2024 Missionary and charitable giving (see nole 12) 400 9261 9,661 7,721 400 9,261 9,661 7,721 3¢ ACTIVITIES RELATEDTO WORK OF CHURCH Unrestrieted Cunds Restricted turtds Tot*1 fud$ 2025 2024 Ministy.- Parish share Minisiry.. clergy expenses Ministry.. clergy housing Ministry.. Lay Minister Church running costs Church maintenance Mission and ouireach Choir and organisr Major iten)s (see note I l) F¢es 139329 3,623 3,815 39341 68,659 15,751 1,864 26,548 88,089 11,8110 139,229 3,623 3015 39,241 71,S74 16,710 2014 32221 148513 11,800 138,638 5,907 549 37.692 49.914 30,206 2,252 30,809 166,691 7,647 2,915 959 650 5,673 60,424 398,619 70,621 469240 470,305 20
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY STRATFOR[vPON-Av0N WITH ALL SAINTS, LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBERS NOTES TO THE FINANCIAL STATEMEJYTS For the year ended 31 December 2025 CENTRALADMINISTRATION Unrestricted funds Restricted funds Total fund5 2024 2025 Printing and stationer), Telephones Salaric%, trdining, and sundries llldepcndeni Examiners Fee Sundry 4J12 316 74,727 4,830 2,161 4?12 316 74,727 4,830 2,664 5,850 188 61,916 4.632 2.366 503 86J46 503 86,849 7{952 Govemance costs of the charity, strictly defined, are negligible, as virtually all govemtsnce is carried oui by clergy (Ivho are noi PCC employees) or volunreer lay people. A very 8mall proportioll of LOSIS such a5 Stationery and telephones could be attributed to the governance function but it is nol practlLable io idtlltify these within the general costs of central adininistration. Those ¢05ts, &8 set out above, also inclllde a prowjrtion of salaries of cenain staff. Other salaries are included within"C05t iTrf raising funds" since they relate mainly to managing the ChUh as a visltor attraction. Whcre stuff and SOTne other supix)rt costs are split between fvnctions, thi5 is on an estimaled-timc basis. 'Support costs, are difficult to quantify separately since all staff have a public-facing fun¢tion and are thus part ofthe church's ministy as well as providing support to that ministry. 3e JNDEPENDENT EXAMINATION FEES The PCC currently falls below th¢ statutory incomc thrcshold for full audit, and Ihe accoun were therefore simply independently examined by David Ho95¢ (Trf Forvis MazArs LLP who have conducted independent ekaminations foT several year5. A provision of £4,830 including VAT w&% made for this in the accounts. 21
PAROCHIAL CHURCH COUNCIL OF HOLY TRIIYITY STRA TFORUPON-Av0N WITH ALL SAIIYTS, LUDDINGTON AND ST HELENYS CLIFFORD CHAMBERS JYOTES TO THE FINANCIAL STATEMENTS For the ye¥r eMded 31 December 21125 STAFF COSTS 2025 2024 Salaries Employers National Insurance Employers Pensii)n contributions 242,484 9,650 6,120 221.695 7.469 4.845 258.254 234,009 Part- and ll-time employees (full-time equivalent av¢rng¢) Since 2023. we moved to employing Visitor Welcome ASSI1¥tY on a casual basis lo suppon ihe visiior experience we offered at Holy Trinity. Staff were ernployed with three working an approximately four-hour shift at any oi)e tinie iii the church. While this has significan(ly increased oui sta1ng cost, this has been far outweighed by lh¢ improv¢d feedback frotn visitors and increased trading surplus. In 2026 ihis will remain 3 at weekends reducing to 2 staff durin¥ th¢ week. Key personDel.. Of the emplgy¢d staff, two report direct]y lo the Vicar and one io rhe Associate Minister. Thes¢ may be regarded as k¢y p¢tsonnel. Their remuneration on an annual basis, including employer pension contrtbulions, totall¢d approximately £101.0. No PCC m¢mb¢TS (Trust¢e5) or related parties received remuneration in respeci of iheir s¢rvice5 as Jn¢n)b¢rs of the PCC. No claims h¢lV¢ b¢¢n made for oul-of-pocket expenses by such members. Whilst ihey, and oth¢r members of the cliuTch includin¥1 retired clergy, may incur suuh expenses from lime to lime. any claims rnad¢ are extremely Tt and non-maierial" and. since such cosis would relaie purely to local trav¢] et¢, they would be iiisig4]ificant, and actordingly no value is here placed on expense5 waiveiL Peosions: The PCC operates a defined contribution pension policy under which eligible employees below pensionable age Inay benefil from a uontribuiion of5.5/ts of salary. The PCC has since l Juty 2016 been subject to the provisions ofaut(b.enrolmenl. which direcily affects personnel earning over about £10,000 p¢r annurn, wilhin a sch¢tne administered by ihe Church ofEngland Pensions Lloard. Fvr casual stslT, we have offered employees the option ofjoining ihe NEST pension s¢hwn¢ which 15 more ¢i]Y Iransferrable. 22
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY STRA TFORD-UPON-AVON WITH ALL SAINTS, LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBF.RS NOTES TO THE FINANCIAL STATEMEf4TS For the year ended 31 December 2025 58 TANGIIILF. ASSETS Holy TrIltY Land & Building Eqllipnhtnt All Salnts St Helens Tot31 Cost At l January 2025 Additions 137,500 24.479 161,979 Ai 31 December 2025 137,500 24,479 161.979 Depreciation At l January 2025 Charge for the year 137,500 24,479 161.979 At 31 December 2025 137,500 24,479 161,979 Net book valuc At 31 December 2025 At 31 December 2024 5b INVESTMENT ASSETS: MOVEMENT IN THE YEAR 01.01.25 Di5P05als Net1055 31.12.25 HOLY TRINITY 927 shares CBF Inv Fund (Rest'dl 21,434 (857) 20,577 ALL SAINTS 2,432 shares CBF Inv Fund 56252 (2,249) ST HF.LENS 20 shares CBF Inv Fund 462 {18) 444 23
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY STRATFORD-UPON-AVON WITH ALL SAINTS, LUDDINGTON AND ST HELF.N>S CLIFFORD CHAMRERS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 Dettmber 2025 ANALYSISOF NET ASSETS BV TYPE OF FUND Total Funds Unreslricl¢d Funds Restri¢t¢d Funds 2025 2024 Fixed &ssets Investments CuenT assets CuTr¢nt liabilities 75,024 153,928 75,024 377J92 (64,826) 76.400 407.830 {44,340) 222.464 (64J26) 158,638 228,952 387,5Y 439,890 DEBTORS 202S 2024 Prepaymenls Other 4J64 13,990 2,853 12,604 Total 18J54 15,457 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Cr¢ditors for goods and services Taxation and social security 57,531 7,29S 33,493 3,481 64,826 36.974 9. RECONCILIATION OF NET MOVEMENTS IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Nei movcmcnt in funds (Gain5) l Losses on inv¢stmthts Dividends, Interest, and rents lJnLTeaS¢} Ide¢reas¢ in d¢bior5 Increase I (Decrease) in credilors {J9a761 3,124 {fA),9601 12.8971 (32,7241 11,7481 151,9771 17.3661 Ntt cash (used in) I provided by operating activi¢i¢s 152A47) 182,6491 24
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PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY STRA TFORD-upor4-AVON WITH ALL SAINTS, LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBERS NOTES TO THF. FINANCIAL STATEMENTS For the year ended JI December 24b25 io. FUND DETAILS (Continued) Unr¢5tricted fund$- Holy Trinfity The General Fund is Holy Trinity's general fvnd devoted io the mission and minisry of the parish. Its principal sources of income arc congregational giving, other don1¢ tiot)s, and p8ro¢hial fe¢s, and mosi of its expendiwrc is on the cosi of the ministy staff (largely via the Diocese through Parish Share) and church music and worship. The Trading Fund earns income from visitor donationcOntributiOns and shop sales. and thai income is 5pelll mainly on day-to-day costs, the bulk of which costs relate io keeping the church open daily for visitors. Any surplus ]% transferred to the General fund at the end of the fiscal year. The Legacies Fund b¢nefits frorn the pmceeds of unrestricted legacies, which (he PCC spends as occasion arises on items of a ¢apital natu. The Parish Flall Fund receives income from lettings and alsonotional rents from oiherparts of the budget. all of which is speni on the administration and upkeep of the Parish Centre. Its histori¢ deficit reflects the dIl¢ll]ty of keeping pace with repair needs on a building of this nalure. Any surplus or deficit is transferred to the General fund ai ihe end of the fiscal year. Unrestricted funds- All Saint5, The G¢rteral is self-explanatory. Unrestritted funds- St Htlen's The Ge4ErGI FNnJ 1% sclf-expianatory. Restricted funds- Holy Trinity Ihe Parochial fund fr¢qu¢ntly r¢¢eives donations, the prrteeds of S¢181 collections etc. which are restricted to specitic causes. So far a5 Frf)ssible these are paid over within the year when received, but this is noi always possible, and the Fund has therefore accumulaied a modest balance. 'rhe accumulated incoine from the St James, Tw5t is also retained in a separate Fund. Currenl investment income and interesi from the 'l'rust, togetlier with the r¢ntal froln clergy house5 cUentlY rented commercially house, is devoted primarily to the maintenan¢e of clergy houses in accordanec wilh the 'I'n]si's objectives. The Trin5ty Voices fund represents costs lo provide for a junior choir. The Mary Pickin Fund repr¢s¢nts a legacy intended Specifically for the purchasolrepair of choir robes. The Remembrance Book Fund deals with donations for entries in the church's Book of Remembrance, and the cost of maintaining that book. The Sound Fund was established as a restricted fund in 2025 and receives donations restricted to the replacement of ihe sound system in church plk)nned for 2026. The chutch has a nurnber of teams {e.8 S181, Ilellrtn8ers, Sunday Coffee) for which funds t7ised are held 5¢parately within the PCC ac¢ounts. Re5tri¢led fuDds- All Saint5 The Village Fabric Fund was set up to receive doiialions from re5ident5 of Luddington village and their friends who might not be churchgoer5 but wished to see the fabric mahntain¢d. It has continued ioreeeive donaiions and benefit from fundraising events in the vlllage. The Books for Children Fund, Flower Fund and the Sunday Club Fund are all self-explanatory. In addition. in recent years a Community Evenls nd has been established with a balance of about £600. Finally. the church regularly holds collections and fundraising events for the Children's Society. 27
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY STRATF0RlvPON-Av0N WITH ALL SAINTS. LUDDINGTOIY AND ST HELEN'S CLIFFORD CHAMBERS NOTES TO THE FINANCIAL STATEMENTS Fur the year ended 31 December 2025 Restricted funds- St Helen's lThe restricted funds at St Helen'5 include the Fabric Fund, the Clock tower fund which are self- explanatory together with a r¢strict¢d fund for Le8acie5 and a Bellringets fund to which ringers donate their fee for the upkeep of the b¢lls. The Bell Restoration Fund established in 2024, specifically io cover tlie major restoration of the St Helen's bells received a major donation in 2025 and was used for the restoration work completed at 3 C05t of about £35,000 this year (see major works). The bell restoration futid now stands at about £6,000. Trgnsfers betwttn funds -rhe iransfers between fvnds have been made.. to move the income or expenditur¢ to the C0CCI fund. For donations received into a fund but are for another pUoSe e.8. Trinity Fellowship and Triniry players donation towards the new Sound System. I'o clear any deficlts on Funds at the year end. MAJOR ITEMS OF EXPENDITURF Holy Trinity 2025 2024 Work on lower bells Church roof safety lanyaTds B¢cket Chapel Refi]rbi5hment Church Electrical repair5 Church Sound Systcrn Repla¢¢ment AV Desk design Audio visual 5ySt¢m rninor works Roof Alarm installatio Bier House Quinqu¢nnial repairs Organ restoration Display ¢a5¢ in St Pcter's chapel Upgrnd¢5 to 2 St John's Closc Painting rcstordtion Chandelier lowering Hall hcating Hall sccurity Chureh hcatingl Flue replacement Chureh li¥hting upgrade Upgrade lightning conductor New Chasuble 35,075 16,498 6J13 5.471 17.163 947 392 13,595 11.103 1.859 9A64 13,828 80,549 11,710 28,844 1.500 6,529 3,248 2,860 1,349 19,865 15,527 7,1189 1,788 499 926 148513 166,691 All Saints St Hekn's 28
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY STRATFORD-UPON-AVON WITH ALL SAINTS, LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBERS NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 Dtternber 2025 12 MISSIO]Y GJVING AND GRAf4T-MAKING POLICY 2025 2024 Childre]]'s Society British Legio Clapa Alzheit]]er Society MasicoTP Holy Trinity School Stratford upon Avon Foodbamk Macmillan Avon Cats Rescue Bloodbikes Stratford Christmas lights Mcn's Sheds Shakespeare Hospice Samariians 673 524 60 1,¥47 1,847 1,848 2,1110 2,180 2248 400 1289 733 612 100 100 50 loo 326 100 7,721 9,661 In addition to ihe above, congregation members, and schools using the church for their own seryices, made donations to many of ihe above causes which did nol pass through the PCC account5. The plicy of the PCC regarding grants is as follows: l. The iotality of collections in Holy Trinity on ChT15tmas Eve and Christmas Day each year, togcther with reclaimable Gift Aid and associated income, 15 given to selected charities at home and overseas whose objectives seem to the PCC to be in line with its own objectives. This is treated as restricted income and expenditure. 2. Any special collections for named charities, &s agreed by the PCC or the otTicers of the village churches, are also passed ro those charities. This is similarly treated in general as restricted in¢om¢ and expenditure. 3. From time to time the PCC may make additional granls out of its unr¢5tri¢t¢d incoTne to causes which directly match its objectives. 13 OTHER GRANTS TheTe were no other grants in 2025. 14 RELATED PARTY TRA Tr4SACTIONS There are no related paty transactions to report during 2025 (2024.. Nil)- 29
PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY STRATFORD-UPON-AVON WITH ALL SAINTS, LUDDINGTON AND ST HELEf4'S CLIFFORD CHAMBERS NOTES ON ASSOCIA TED CHARITIES (These Notes do not fDrni part of the unauditeil actounts) For the year ended 31 De£eThber 2025 PARISH CHARITIES OF THE ECCLESIASTICAL PARISH OF STRATFORD-UPON-AVON (Registered Charity No 216512) These Charities ar¢ adminisiered by the Vicar and Churchwardens. They comprise.. The R S Genge B¢que51 for the benefit of the d)orisiers. This is invemed in 433 shares in the Charities 01¢7a1 Inv¢stm¢nt Fund with a value of£8,366 asai 31 December 2025. DuriDg2025, £459 of lh¢ cash b&lan¢¢ wa5 used to support choir pocket money with £5,435 remaining in the CBF deposit account. The Francis Thomas Chariry for maintenance of a memorial. This is invested in 42 shares in the Charitie5 Oftirial Investment Fund with a value of £812 as at 31 December 2025. There is also a cash balance of £760 in the CBF deposil account. The Emily Evans Curates Fund, for Qlergy expenses, which is invested in 351 sharcs in the Charities 01ClaI Investtn¢nt fund with a value of £6,782 at 31 DeceTnber 2025. During 2U)5, £1,000 of the cash balance was used to support clergy expenses. There remains a cash balance of £375 in the CBF deposit account. 30
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PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY STRA TFORD-upor4-AVON WITH ALL SAINTS, LUDDINGTON AND ST HELEN'S CLIFFORD CHAMBERS NOTES ON ASSOCIATED CHARITIES (fhese Notes do not forni part of the llnaudiled Aceounts) For Iht year ended Jl December 2025 STJAMFS. TRUST Thi5 tharity 15 held by the Diocesan I rustc¢s (rcgister¢d chaTity no 249165) as custodians, with the day- t(Fday rnanagenient in the hands of rhe PCC. Discussions are vnderway behveen the PCC and the Diocesan trustees on how this fund can be used. The house at 3 Coopers Close was purchased in 2008 at a gross cost of £396,551. lis cost has been markedly less than sale proceed5 of the fomjer property at 61 Maidenhead Road, the fvnds to provide income for rts maint¢nance and other purposes increascd significantly at that time. As at 31 December 2024 those fynds coinprised approximately £215,312 in CBF Investment and Deposii Funds. In 2025, the Associate Vicar opted to move to an alternative house to St Johns Closc (a property owned by the PCC and occupied by the previous associate Minister). Si Johns Close is now renied commercially and the rent received goe5 ttsw&rds th¢ cost of ihe rent for the Associate Minisier rental property. Coopers Close remains ¢omm¢rcially rented and is owned by Ihe St James, Tn]st. The income produced by the interesi-bearing element in th¢s¢ fund5 is shown in Note 10 to the inai A¢counts. The PCC has taken the view that that incorn¢ should b¢ applied prim8ri1y io the maintenan¢e of cl¢rgy housing generally in the parish and to ihe costs associated with providing ministry office Space. The total expenditure from both current and accumulated income is also shown in Note 10. THE FRIENDS OF SHAKESPEARE'S CHURCH (Registcred Charity No 1097403) This is an entirely separate charity. though the PCC appoints some of rhe'l njsiees and the Vicar acts a8 President. It exists tcp raise funds to asSiSt in the restordtion and improvement of Holy Trinity Church. Copies of the Friends, Report and Accounts can be obtailled from the l.lon Treasurer to the Friend$, via the Parish Office, and fijrther infom)ation is on the website www.shakes schurch.or THE FRIF.NDS OF ST HELEN'S CHURCH {Registered Charity No 1173391) Thi5 15 an ¢ntirely separate charity. and ihe Vicar and Associate Minister are on the Board of TrustL*S. It exists to rdise fi]nds to as51St in the restorarton and improvement of St Jlelen's Church. Copies of thc Friend5, Report and Accounts can be obthined from the Hon 'l"reasurer to the Frsends, via the P8righ Offi¢¢. aE]d further informati is on the websilc www.shakespeareschurch.oro 32