ALL SAINTS ECCLESALI 

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD 

REPORTS AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 

Registered Charity No. 1128859 

Loving God. Living Life. Sharing Faith. 



## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD 

## CONTENTS 


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|---|---|---|---|---|---|---|
|Page|
|Legal|and|administrative|information|1-2|
|Annual|Report of the Trustees|x|at|
|Independent Auditors’|report|10-12|
|Statement|of|Financial|Activities|13|
|Balance|Sheet|14|
|Statement|of Cash|Flows|15|
|Notes|to the|Financial|Statements|16|-|30|

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## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD 

## LEGAL and ADMINISTRATIVE INFORMATION 


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|---|---|---|---|---|---|---|---|---|---|---|
|Charity number|1128859|
|Address|Church|Halls|
|Ringinglow|Road|
|Sheffield|
|$11|7PP|
|Auditors|Hawsons Chartered|Accountants|
|Statutory Auditor|
|Pegasus|House|
|463a|Glossop|Road|
|Sheffield|
|$10 2QD|
|Bankers|Virgin Money|
|Business|Direct|
|40|Vincent|Place|
|Glasgow|
|Gi|2KL|
|Officers of the|Parochiat|Church|Council|(PCC)|
|Chair|The Revd.|Canon Mark Brown|=|(7)|
|Vice Chair|Alison|Fletcher|(T)|To|24|May|2023|
|Richard|Blyth|{T)|From|24|May|2023|
|Secretary|Sarah|Leighton|To 26 June|2023|
|Lesley|Blyth|(T)|From|26 June|2023|
|Treasurer|Julia|Newton|(1)|
|Giving|Treasurer|Roger|Manterfield|
|Electoral|Roll|Officer|Church|Administrator|
|Parish|Safeguarding|:|
|Officer|Kate Gerrish|(T)|To 31|October 2023|
|The|Revd.|Canon|Mark Brown|=|(T)|From|1|November 2023 on|interim|basis|
|Key (T)|= Trustees|

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1 



## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD 

## LEGAL and ADMINISTRATIVE INFORMATION 

## - continued 


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|---|---|---|---|---|---|---|
|Trustees|(Voting|Members|of Parochial Church|Council)|
|Vicar|The|Revd.|Canon Mark Brown|
|Associate|Vicar|The|Revd.|Roland|Slade|
|Curate|The|Revd.|Simon|Oatridge|
|Church|Wardens|Alison|Fletcher|To 24|May|2023|
|Richard|Blyth|
|Sue|Gill|From|24 May|2023|
|Deanery Synod|Lesley|Blyth|
|Representatives|Kelly|Feast|
|Elected|Representatives|
|Deputy Wardens|Sue|Gill|E|To 24|May|2023|
|Lynne|Bradey|E|From|24|May|2023|
|Robert|Coleman|E|From|24 May|2023|
|Alan|Cantrell|E|
|Sally|Craig|E|
|David|Coleshill|E|
|Richard|Donkin|E|
|Kate|Gerrish|E|
|Rod|Ismay|E|
|Jeannette|Jackson|E|
|Gillian|King|E|
|Pamela|Marsh|E|
|Simon|Musgrave|E|Chair of Mission|Support Group|
|Julia|Newton|E|
|Lesley|Snell|E|
|Kathryn|Walker|E|
|Alison|Woodman|E|
|Ex Officio|Non Voting|Member of the PCC|
|The|Revd.|Stephen|Hunter|SSM|Associate|Minister|
|The|Revd.|Godfrey Smailman|SSM|Assistant|Minister|
|Key (E|} =|Elected|Representative|

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2 



## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 

The members of the Parochial Church Council (‘PCC’) are pleased to present their report and financial statements for the year ended 31 December 2023. 

## 1. Structure, governance and management 

## PCC 

The PCC is a corporate body established by the Church of England. It is part of the Ecclesail Deanery within the Diocese of Sheffield and operates under the Parochial Church Council Powers Measure. The PCC is a Registered Charity. 

All regular church attendees are encouraged to join the Electoral Roll and are able to stand for election to the PCC providing they meet the requirements of the Charity Commission and Church of England, and are not disqualified under the Church Representation Rules. The method of appointment of trustees is set out in the Church Representation Rules. Trustees are offered training to support their membership of PCC. 

The PCC is responsible for setting the overall mission and vision of the church, for ensuring that money is spent wisely and appropriately, for employing staff and for looking after all church property. 

At each of the seven meetings of PCC in the year there was a focus on one or more aspects of the strategic direction for the church's mission and ministry, alongside necessary governance matters and decisions relating to finances, staffing and the church building and other property. 

The full PCC formally met seven times in 2023. There was average attendance of 78.7% (2022 - 80.8%). Some business was transacted between meetings by e-mail, with any decisions recorded in the minutes of the next meeting. 

Given the wide range of responsibilities undertaken by PCC it is supported in its work by a number of committees and groups each dealing with particular areas as follows: 

## Standing Committee (formerly known as PCC Executive Committee) 

The Standing Committee transacts the business of the church between PCC meetings and with the Estates Commitee has shared oversight of property improvement and maintenance. Its voting membership is the Vicar (Chair), the two Churchwardens and Treasurer plus two elected members of the PCC. The Operations Manager and the most senior of the Deputy Churchwardens attend, together with the PCC Secretary who takes the minutes to provide continuity with PCC meetings. The committee reports to the PCC via minutes of its meetings. It met five times during 2023 and was particularly focussed on supporting the Vicar in developing and promoting a range of new activities, on staff recruitment and on various governance and estates matters. 

## PCC Estates Committee 

The Estates Committee supports PCC in the management of the whole of All Saints estate, including providing advice and recommendations on major estates repairs and developments. In 2023 it continued to be chaired by the Vicar. Other membership was a designated Churchwarden, the Treasurer, another member of the PCC and five members of the church family with appropriate skills, experience or expertise including two of the churchyard volunteers. The Committee reports to the PCC via minutes of its meetings. In attendance is the Operations Manager. The committee met four times in 2023 focussing on the completion of the major repairs to the church roof and gutterings and other work from the Quinquennial Inspection of the church building in May 2022 including the repair of two stained glass windows on the south nave. The Committee also oversaw the maintenance of the churchyard including a full review of graves and monuments supported by individual trust funds and proposals to repair the large plaque on the church tower. 

## Treasurer's Group 

The Treasurer’s Group works alongside and in support of the Treasurer and Giving Treasurer, to support strong financial governance and to provide technical and professional expertise to PCC. During 2023 the group met twice with other business being transacted via e-mail. The group is chaired by the Vicar's nominee, currently an appropriately qualified member of the PCC. In addition, membership of the group is the Treasurer, Giving Treasurer and up to three Non-PCC members with appropriate skills and experience, with the Finance Officer in attendance. It reports to PCC by way of relevant papers. 

## "Beyond Ecclesali” Mission Support Group (MSG) 

The group exists to promote Christian mission beyond the normal local, social, pastoral and evangelistic and ecumenical responsibilities of the church family. It seeks to implement the Mission Support Policy approved by PCC and to make recommendations to PCC on the distribution of the specific funding and budgets for mission. These were increased in 2023 in line with the approach approved by PCC in autumn 2021. MSG also arranges the annual Mission Weekend and supports the Connected Church Partnership team. MSG is chaired by a member of PCC, with at least one other member from PCC and 6 to 8 other members. It reports to PCC via reports and the minutes of its meetings which are held as required. In 2023 MSG also supported the successful Youth visit to one of the church's mission partners in Manchester. 

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## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 - continued 

## Related Trusts and Charities 

The Taylor Institution (Registered Charity 226122) provides grants to indviduals in need within the old township of Ecclesall Bierlow who are members of the Church of England. With help and direction from the Charity Commission the necessary Regulations were passed to allow All Saints PCC to become Corporate Trustee with effect from 15 November 2021. The Treasurer and PCC Secretary of All Saints also serve in these roles for The Taylor Institution. The Vicar of All Saints has been given delegation to make grants within aqreed parameters. 

## 2. Objectives and activities 

The Church's main objective is the promotion of the Gospe} of our Lord Jesus Christ according to the doctrines and practices of the Church of England. 

All Saints PCC has the responsibility of co-operating with the Vicar in promoting within the ecclesiastical parish the whole mission of the church, pastoral, evangelistic, social and ecumenical and in support of our calling to be: 

A vibrant, missional, multi-generation Christian community worshipping the God who is Father, Son and Holy Spirit, living our daily lives in worship and sharing our faith with Ecclesall and beyond. 

There was a full year of in person services in 2023 and we provided live-streaming of one service each Sunday for those unable to attend church in person. PCC would like to formally record our thanks in this Trustees' Report for all the hard work by our ministry and operations staff and by our many volunteers in support of our calling to provide services, activities, out-reach to our local community and pastoral care during 2023. 

Our achievements and progress against previously agreed specific priorities are summarised in section 3 below. 

## 3. Achievements and performance 

Our Bible verse for 2023 was "Behold I set before you an open door.” (Revelation 3:8) and many of our activities for the year had the theme of meeting Christ through His open door. At the Annual Parochial Church Meeting (APCM) in May our Vicar introduced 3 ways for the church family to be open. "Open for Life” introducing the prayer triplet initative to which there was a really encouraging response; "Open to Church", an away day at home in September which was an extremely enjoyable and successful event with over 200 church family of all ages engaging in a range of activities; "Open with the community” which provided a framework for an increasing number of ways of partnering with and sharing the Gospel with others in our local community. 

PCC is pleased to report that all staff posts in our All Saints ministry team were filled throughout 2023 and that Alison Richards was appointed to be the new Chaplain at the Chapel of the Holy Spirit at Whirlow from September 2023 following the retirement of Rev. Joy Adams in May 2023. We were aiso delighted that members of the church family were able to attend joyful services in support of our Vicar, The Rev. Canon Mark Brown, who was made an honorary Canon of Sheffield Cathedral on 26 November and in support of our Curate, Rev. Simon Oatridge, who was ordained Priest also at Sheffield Cathedral on 1 July. 

The Operations Team, ably fed by our Operations Manager, Stephanie Osman, played a pivotal role in supporting many aspects of church life and activities, the running of the church halls and the maintaining of the churchyard. PCC would particularly like to recognise and thank the team for their work to support additional events such as those over the Coronation weekend and the "church awayday at home" in September, together with managing operational! challenges as a result of repairs and maintenance to our church estate, including the major repairs to the stained glass windows on the south nave. We were pleased to welcome a new church administrator in autumn 2023, meaning that all PCC approved posts were filled throughout 2023. 

PCC was encouraged by the response to requests for the church family to volunteer their time and skills once again in 2023 across a wide range of activities, including the churchyard team, hospitality, support to youth and childrens' activities, church admininstration and community outreach activities. PCC remains grateful for all those who have led teams and activities throughout 2023 but who are too numerous to fully list! Church membership There were 356 Church members on the Electoral Roll following the APCM in May 2023. (2022: 324). Average weekly attendance in our church buildings was 408 (including 48 at the Chapet of the Holy Spirit at Whirlow) in 2023. (2022: 363 including 33 at Whirlow.) An average of 55 participated "at home" each week through the live streaming of services. (2022: 70). There were 203 households in December 2023 in the pledged giving scheme making regular gifts (2022: 205). 

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## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 - continued 

## Worship andprayer 

Throughout 2023 we maintained a regular pattern of prayer and worship within the church buildings. Prayer takes place regularly on weekdays with up to S services of public worship each Sunday and one on a Wednesday. Prayer meetings to which all members of the church family are welcomed, have taken place on a Thursday evening twice a term focussed on specific themes and prayer events to support and celebrate the prayer triplets as part of the "open for life” theme. There is @ pattern of services at the Chapel of the Holy Spirit, Whirlow on Sunday and a weekly reflective service of Holy Communion on Tuesday mornings. Many small and echo groups meet on a regular basis in person for study, prayer and fellowship and during 2023 leaders of the groups have come together to share ideas and support. We are looking in 2024 to continue to establish further new groups. Members of the Healing and Wholeness Team are available to pray with church members or visitors at many of our Sunday services. 

During 2023 we were delighted that the Youth have continued to lead 6PM services once a month, in addition to holding their own services and activities most Sunday evenings. We were very pleased to welcome a large number of visitors to a range of Advent, carol and nativity services during December. We hosted a Deanery-wide service of Confirmation led by the Bishop of Sheffield in June. A special service was held to commemorate the coronation of King Charles III. In October, we held our annual service of thanksgiving in remembrance of those who have died and a special service for those affected by baby loss was held at Whirlow. Church parade services involving young people from various uniformed organisations who meet in our halls were held. PCC was delighted that two successful Alpha Courses (one evening and one daytime) were run in January 2023 and these will be repeated in January 2024 and that Rev Godfrey Smallman, Assistant Minister, ran very popular "going deeper” bible study courses on a Wednesday morning. These were two of the future plan priorities we set out in the Trustees’ Report last year. PCC was also encouraged that over 100 members joined the prayer triplet scheme which ran for 6 months from May to November. 

The number of Occasional Offices held in church induded 18 funerals. We welcomed 8 couples for services of marriage and 11 baptisms/thanksgivings took place as part of our usual worship services. 

## Programme ofEvents 

A wide range of events took place in 2023 across all ages of the church family, from the regular Baby and Toddlers Groups, specific activities for Children and Youth (as described below) and for the whole church family including events to which the church family were encouraged to invite friends and neighbours. Highlights included the picnic to celebrate the coronation of King Charles III and the Church "away day at home". There were walks, bring and share meals, sporting fixtures and specific mens and womens ministry events. During Lent three successful and thought provoking “making connections" lectures were held to think through how Christian faith connects with the world at large. 

## Reaching out to our focal community 

During 2023 we sought to reach out to our local community in many ways. We held a programme of "Friendly Stop" organ recitals with prayer and a reflection from the Vicar. Our "church inside out” work continued with displays and messages along the public footpath which runs through the church yard. On Good Friday we offered small gifts of hot cross buns. As in previous years, we supported the Sheffield Half Marathon, operating water stations and participated in Heritage Week with many visitors coming to learn more about our church building and church yard. There were other events held in the churchyard as part of “caring for God’s Acre" and PCC remains very grateful to our churchyard volunteers who work so hard to keep this large green preaceful space welcoming to our local community for walks and contemplation. Throughout the year in our church welcome area there has been a Monday moming “drop in” offering the opportunity for coffee, cake and fellowship. During the winter of 2022/23 we also provided a “warm space” on a Thursday moming which from autumn 2023 became "open door” with an opportunity for all to meet for crafts, puzzles etc with coffee and cake. Community carol singing proved a popular addition to our Christmas activities. PCC offers massive thanks to the volunteers without whom none of these activities would be possible. 

## Pastoral Care 

Led by Sue Blaby, Pastoral Care Ministry Leader, All Saints has a team involved in and committed to developing Pastoral Ministry. Ministry staff and many volunteers reach out and offer care to church members and the local community. In 2023 we ran a number of services at Broomcroft House Care Home in our Parish. The breavement team invited families of those for whom funeral services have taken place in recent years, to a service of remembrance and thanksgiving in October. This was appreciated and well attended. 

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## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 - continued 

## Childrens Ministry 

The highlights of 2023 for our childrens ministry included the summer Holiday Club and October Light Party which both saw a growth in numbers attending at 123 and 79 respectively. They resulted in children attending our Messy Church services, Pancake Party and some of our Christmas services. Rosie Blackett, Childrens Minister, was delighted with how many volunteers gave their time, gifts and energies to serve at Holiday Club. PCC is also thankful for the growth seen in the Christian Union at Ecclesall Primary and the successful merging of the two sites of Clifford All Saints Church of England Primary Schoo! onto the Ringinglow Road site with weekly assemblies and various school services taking place. Easter activities continued to be popular including the donkeys on Palm Sunday. Toddlers has flourished with numbers on our reqisters similar to before the pandemic and so it was pleasing that we were able to successfully recruit a replacement Toddlers Group Assistant with Libby Shorrack feaving prior to taking up her university place. 

## Youth Ministry 

2023 was an exciting year for our Youth Ministry. House Party in April was very successful with 39 young people attending, leading to commitments to faith and 8 young people coming forward for confirmation. PCC is grateful to all the volunteers who supported running the event and who support our youth activities throughout the year. Abide, our Sunday evening youth fellowship, has been steadily growing in numbers and the engagement has been increasingly encouraging. Encounter Groups, which have increased to 5, met fortnightly and the young people are growing in their maturity, faith and in their enthusiasm for sharing their faith with their friends. New links with Silverdale School have been made and Cam Catto, Youth Minister, runs a Christian Union there every Tuesday lunchtime. Monday football, termly socials, a weekend visit to one of our mission partners in Manchester and youth services have also been a great contribution to the developing community of young people at All Saints. 

## Mission 

All Saints remained fully committed to Mission during 2023. We prayed for, participated in and gave financial support to local, national and international projects and individuals including our Connected Church in Tanzania. At Mission Weekend in early May we welcomed various of our mission partners to participate. We engaged in prayer and fund raising for Christian Aid week. At Harvest we returned to the distribution of gifts to church family and tocal charities. 

## Ecumenical relationships 

The Chape! of the Holy Spirit at Whirlow continues to be a positive ecumenical arrangement. We are in a mission partnership with St Gabriel's in Greystones and ran some joint services and events during 2023. Through membership of the Governors and through the Childrens Ministry we are actively engaged with Clifford All Saints primary school. This gives us links with St Andrews Psalter Lane which is a joint Methodist Anglican church. All Saints churchyard is open to burials connected with the local Roman Catholic church. 

## Deanery Synod 

The Rev. Canon Mark Brown, Vicar of All Saints, also serves as Area Dean for Ecclesall. He and our jay member representatives attended Deanery Synod meetings and other events specifically arranged as part of the Diocese's review of its strategic plans. Two deanery meetings were hosted at All Saints, along with a Deanery-wide Confirmation Service led by the Bishop of Sheffield in June. There continued to be joint work with our twinned deanery of Atterdiffe, involving the Rev. Chris Stebbing as our Associate Archdeacon Transition Enabler. 

## Volunteers 

PCC remains grateful for the services of numerous volunteers who cover a wide variety of roles including the Churchwardens team, PCC Secretary, Treasurer, Giving Treasurer, Parish Safeguarding Officer, Readers, PCC members, Stewards and Welcomers, Home Group Co-ordinators and Leaders, and many other roles. Ordained, licensed and approved ministers and preachers lead and preach at services on a regular basis. 

## Safeguarding 

PCC would like express gratitude to Kate Gerrish, Parish Safeguarding Officer, for all her hard work to support our safer recruitment processes, to enable staff and volunteers to receive appropriate safeguarding training and to ensure we maintained appropriate policies and procedures over the past 5 years until the end of her term of office on 31 October 2023. Interim arrangements with our Vicar taking the role of Parish Safequarding Officer were put in place from 1 November 2023 as we sought to recruit to this role and with the Diocese's permission share the administrative elements with another lay volunteer. As required by the Church Representation Rules, PCC is able to confirm that it complied with the duty under section 5 of the Safeguarding & Clergy Discipline Measure 2016; that is to have regard to the House of Bishop's guidance on safeguarding children and vulnerable adults. 

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## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 - continued 

## Public Benefit 

The range of activities supported by PCC provides dear tangible benefits to our community by: 

- The provision every week in church of a full range of services available to all. 

- Use of our church building for various community events such as friendly stop, Monday drop in, Open Door and hire of church for concerts 

- Pastoral work, including visiting the sick, distressed and bereaved in the community and through our links with St Luke’s Hospice and Broomcroft House Nursing Home. 

- Teaching of the Christian faith through sermons, courses, special events and youth groups and religious assemblies in local schools. 

- Providing facilities through the use of the Parish Halls to a large variety of groups of all ages, including our toddler groups and various uniformed organisations. 

## 4. Financial Review 

PCC approved budget proposals for the 2023 financial year that encompassed a small (£6k) operational loss for church and mission activities assuming all approved staff posts (Operations and Ministry) were filled throughout the year and after taking account of a generous donation specifically for the Youth Minister. PCC approved a “breakeven” budget for the operation of the parish halls. The Statement of Financial Activities shows for Unrestricted Funds a loss of £19.7k, but this is after accounting for major repairs at a cost of £38.3k and includes the benefit of "one off" gifts of £8.1k in response to the autumn stewardship appeal which both fall outside of the scope of the approved operations budgets. Taking regular church, mission and halls activities together, there was a small operational surplus primarily due to unexpectedly high levels of investment income and the deferment of some mission spend into 2024 while new partnership arrangements were put in place with our connected church in Tanzania. 

There was a small net increase in Unrestricted Funds of £3.3k after accounting for unrealised losses on investments and a transfer in from Endowment Funds. The latter was possible following an exercise to review all 28 historic individual trust funds and close those with values tess than £10k . PCC determined that some of the funds could be released for general purposes and some should be transferred to the Restricted Churchyard Fund to support ongoing maintenance including for specific graves to which individual trust funds related. 

In total Restricted Funds increased by £65.9k. Primarily this reflects £32k of legacies specifically for the upkeep of the churchyard including named grave plots and the transfer of £36.5k from Endowment Funds following the review of trust funds noted above. 

## Income 

In total income from alt sources at £698k was similar to 2022 (£670k). PCC remains very thankful for the regular giving from the church family through the stewardship programme, which when gift aid is incuded was £399k (2022: £397k). This provides the core funding to support our church and mission activities. 

## Expenditure 

In total expenditure at £691k was slightly higher than 2022 (£657k). This primarily reflected inflationary cost pressures in some areas of spend. There were no significant new areas of investment and a similar level of spend on major repairs to our buildings. We met our pledge of £150k to the Diocesan Common Fund in full. 

## Looking ahead to 2024 and beyond 

PCC endorsed a Stewardship Appeal to take place in autumn 2023. A letter to members of the church family set out our financial position and proposals for 2024. It highlighted the need to increase regular income to cover expected higher operational costs at a time of inflation, to fund a new post of Music Minister and sustainably fund our Youth Ministry. PCC is thankful for the positive response from the church family. This facilitated the approval of budgets for 2024 which allow the plans set out in the stewardship letter to proceed. 

## Reserves policy 

As part of our reserves policy, PCC reviews our reserves position at least twice a year. 

Our aim is to maintain unrestricted reserves at a sufficient level to ensure financial resilience and sustainability, including protecting us against key risks identified in our risk register. The most significant continue to be the potential cost of repairs to our properties, a reduction in the level of regular giving from the church family and the need for unexpected staffing expenditure. Our aim is also to achieve an appropriate balance between financial resilience and stepping out in faith to use our funds in support of the mission of the church. We believe that we should look ahead over at least a two year planning period, but that as a minimum we should seek to have sufficient reserves for the financial year ahead. 

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## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 - continued 

## Reserves policy (Continued) 

The table below summarises the position at the start of 2024. PCC has determined that we have sufficient reserves available for agreed commitments and plans at the start of 2024 and a reserve for operational risks of £150,000 based on our assessment of possible need at the start of the year. 

## Planned and Possible uses of Unrestricted Reserves 

|Planned and Possible uses of UnrestrictedUnrestricted Reserves||||
|---|---|---|---|
||At1January2024||At 1January<br>2023|
|Church Activities|£|E|£|
|Reserveforoperational risks 2024 to 2026|150,000||106,600|
|Identified commitments 2024 to 2026 eg Music Minister|85,377||37,220|
|||235,377|143,220|
|Estates||||
|Fund forPCC prioritised repairsacross allourproperties plusa<br>£25k budget foradhocoremergency requirements in 2024||57,000<br>f|71.564<br>f|
|Developments||||
|Reservefornewdevelopments||10,000|65,000|
|Total||302,377|279,784|
|Unrestricted FundsAvailable (note 1 below)||306,283|282,928|
|BalanceofReserves||3,906|3,144|
|Note 1: PCC defines Unrestricted Reserves asgeneral fundsand designated funds held in liquid form (cash or shares). We||||
|exdiude funds which could onlybe realised bythe disposal ofthe tangible fixed assets held||for charitable purposes orour||
|investment property.||||
|TheTotal FundsoftheChurch aremadeupasfollows:|£|£||
|Endowmentfunds: Incomeused for a varietyofpurposesas<br>set out in Note 15 to the accounts||461.855<br>'||
|Restricted funds held for specific purposes setout in Note 15 to||||
|theaccounts||190,130||
|Designated funds held in the form of tangible fixed assets &||||
|investment properties||1,620,902||
|Unrestricted funds held in liquid form:||||
|General Funds|249,283|||
|Designated Funds|57,000|||
|||306,283||
|Investment policy||||
|PCCagreedpolicyisasfollows:||||



The PCC owns two residential properties. Our Accounting Policy is to have these professionally valued at market value every three years. They are subject to professional quinquennial inspections every five years so that PCC is appraised of any repair and maintenance requirements. In each case the purpose on purchase was to provide housing for an Associate Vicar and family. At the start of 2022, PCC designated the property on Knowle Lane for our Associate Vicar. The other property on Greystones Grange Road has been designated as an Investment Property for the short to medium term. The PCC also owns the parish halls to assist in the mission of the church including outreach to the wider local community. The halls are subject to professional quinquenniat inspections, the last being in 2019. 

All Endowment Funds are held either by the PCC or in trust on behalf of the PCC by the Sheffield Diocesan Board of Finance, in the CBF Church of England Investment Fund managed by CCLA Investment Management Limited. The objective is to ensure security and a good long term investment return. The funds are invested in accordance with the Church of England's ethical policy. 

The PCC’s approach to investing other funds not required for immediate use, is to place these either in cash deposit accounts or in investment funds (CBF Church of England Investment Fund), to ensure a balance between ready access to working capital, achieving medium term capital growth and a reasonable financial return. 

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## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD 

## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 - continued 

## 5. Future Plans 

Our Bible verse for 2024 is “Seek the Lord while He may be found, call upon Him while He is near." Isaiah 55:v6 

In this context PCC has identified the following priorities: 

- i Led by our Vicar the All Saints church family will pursue the initiatives developed by the staff team and PCC. These broadly group under the heading of “seek the Lord and serve His Church". Our hope is that “mission triplets” will see a greater mobilisation of afl our church members, 

- it All Saints is blessed to have a large ministry and operations staff team. The aspiration is to continue each of these roles with the addition of a Music Minister. We plan to commence recruitment to this post in the first quarter of 2024. In addition PCC will seek to support and enable joint and collaborative working across staff and volunteers to deliver our plans. 

- iii Continue to develop and embed a culture of lay ministry and leadership from across the church family. 

- iv Continue our work to ensure flourishing ministries for our children and young people, including to further develop outreach with local schools and uniformed organisations. 

- v Continue the programme of repairs to our church building and further develop plans for the future direction and refurbishment of our church halls. 

- vii Enhance our partnerships, particularly with Whirlow Grange Ltd following the appointment of Alison Richards as Chaplain in September 2023 and with Clifford All Saints Primary School following its amalgamation onto the adjacent Ringinglow Road site. 

- viii Continue to seek greater links within the wider Diocesan family. We will explore and develop mission partnerships with visits and enhanced connections. 

## 6. Trustees’ responsibilities statement 

As trustees, the members of the PCC are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

The law applicable to charities in England & Wales requires the members to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the PCC and of the incoming resources and application of resources of the PCC for that period. In preparing these financial statements, the members are required to: 

- 5 select suitable accounting policies and apply them consistently; - observe the methods and principles in the Charities SORP 2019 (FRS 102); - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; 

- prepare the financial statements on the going concem basis unless it is inappropriate to presume that the PCC will continue to operate. 

The members are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the PCC and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the PCC and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

In so far as the members are aware: 2 there is no relevant audit information of which the PCC's auditors are unaware;and - the trustees have taken all reasonable steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. 

Approved 

by the PCC on 29 April 2024 and signed on their behaif by The Reverend Canon Mark Brown, Chair PCC 

9 



## INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD 

## Opinion 

We have audited the financial statements of the Parochial Church Council of the Ecclesiastical Parish of Ecclesall Sheffield ("the charity”) for the year ended 31 December 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of cash flows and the notes to the financial statements including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice). 

In our opinion the financial statements: 

- give a true and fair view of the state of the charity’s affairs as at 31 December 2023 and of its incoming resources and application of resources in the year then ended; - have been properly prepared in accordance with the United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Charities Act 2011. 

## Basis for opinion 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## Condusions relating to going concern 

In auditing the financial statements, we have conduded that the trustees’ use of the going concer basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue. 

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 

## Other information 

The other information comprises the information induded in the trustees' report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained in their report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. 

We have nothing to report in this regard. 

## Matters on which we are required to report by exception 

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report. 

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion: 

10 



## INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD (continued) 

## Matters on which we are required to report by exception (continued) 

- the information given in the trustees’ report is inconsistent in any material respect with the financial statements; or 

- sufficient accounting records have not been kept; or 

- - the financial statements are not in agreement with the accounting records; or - we have not received all the information and explanations we require for our audit. 

## Responsibilities of trustees 

As explained more fully in the trustees’ responsibilities statement on page 9, the trustees are responsible for the preparation of financial statements and being satisfied that they give a true and fair view, and for such intemal contro! as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concem, disclosing, as applicable, matters related to going concem and using the going concem basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. 

## Auditor's responsibilities for the audit of the financial statements 

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and regulations made or having effect thereunder. 

Our 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that indudes our opinion. Reasonable assurance is a high level of assurance, but is not a quarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. 

Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

Irregularities, including fraud, are instances of non compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material mistatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 

The charity is subject to laws and regulations that directly and indirectly affect the financial statements. Based on our understanding of the charity and the environment it operates within, we determined that the laws and regulations which were most significant included FRS 102, Charities Act 2011 and Health and Safety regulations. We considered the extent to which non-compliance with these laws and regulations might have a material effect on the financial statements, including how fraud might occur. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to the posting of inappropriate journal entries to improve the charity’s result for the period, and management bias in key accounting estimates. 

## Audit procedures performed by the engagement team included: 

- Discussions with management and those responsible for legal compliance procedures within the charity to obtain an understanding of the legal and regulatory framework applicable to the charity and how the charity complies with that framework, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud; 

- Reviewing minutes of Trustee meetings; 

- Identifying and assessing the design effectiveness of controls that management has in place to prevent and detect fraud and non-compliance with laws and regulations; 

- Challenging assumptions and judgements made by management in their significant accounting estimates. 

- - identifying and testing journal entries, in particular any journal entries posted with unusual account combinations or posted by senior management. 

11 



INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE
PAROCHIAL CHURCH COUNCIL OF THE ECaESIAsfIcAL PARISH OF
ECCLESALL SHEFFIELD (continued)
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12

## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD 

## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 


**----- Start of picture text -----**<br>
||||||||||
|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Endowment|
|Funds|Funds|Funds|Total|Total|
|2023|2023|2023|2023|2022|
|Notes|£|£|£|£|£|
|Income and|endowments|from:|
|Donations and|legacies|2|426,048|57,767|-|483,815|455,653|
|Charitable|activities|3|65,785|32,967|-|98,752|97,280|
|Other trading|activities|4|67,990|-|-|67,990|74,378|
|Investments|5|34,927|12,240|-|47,167|42,202|
|Total|income and endowments|594,750|102,974|-|697,724|669,513|
|Expenditure on:|
|Charitable|activities|
|-|Grants made|6|(27,368)|(4,662)|-|(32,030)|(32,705)|
|-|Other missional|giving|7|(82,600)|(5,000)|-|(87,600)|(110,686)|
|-|Activities|directly|relating|to|the|
|work of the|church|8|(504,445)|(66,738)|-|(571,183)|(513,677)|
|Total|expenditure|(614,413)|(76,400)|-|(690,813)|(657,068)|
|Net income|before investment|(19,663)|26,574|-|6,911|12,445|
|gains|/(losses)|
|Net gains /|(losses)|on|investments|(20,835)|2,314|42,401|23,880|(67,179)|
|Net income/|(expenditure)|(40,498)|28,888|42,401|30,791|(54,734)|
|Transfer between|funds|15|43,839|37,025|(80,864)|-|-|
|Net movement|in|funds|3,341|65,913|(38,463)|30,791|(54,734)|
|Reconciliation|of funds:|
|Total|funds|brought forward|1,866,844|124,217|500,318|2,491,379|2,546,113|
|Total|funds carried|forward|1,870,185|190,130|461,855|2,522,170|2,491,379|

**----- End of picture text -----**<br>


All income and expenditure derive from continuing activities. 

13 



## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD 

## BALANCE SHEET ASAT 31 DECEMBER 2023 


**----- Start of picture text -----**<br>
|||||||
|---|---|---|---|---|---|
|2023|2022|
|Notes|£|£|
|Fixed|assets|
|Tangible|assets|ii|1,013,902|1,008,916|
|Investments|12|1,123,709|1,075,318|
|2,137,611|2,084,234|
|Current assets|
|Debtors|13|56,311|29,151|
|Short term|deposits|197,768|200,067|
|Cash|at bank and|in|hand|188,043|233,354|
|442,122|462,572|
|Creditors:|amounts falling due within|one year|14|(57,563)|(55,427)|
|Net Current assets|384,559|407,145|
|Total|net assets|2,522,170|2,491,379|
|Charity Funds|
|Unrestricted|funds|15|1,870,185|1,866,844|
|Restricted|funds|15|190,130|124,217|
|Endowment|funds|15|461,855|500,318|
|Total funds|2,522,170|2,491,379|
|Approved by|the Parochial Church Council on|29 April 2024 and signed on itsfa”.|

**----- End of picture text -----**<br>


The Reverend Canon Mark Brown, Vicar and Chair of PCC 

The notes on pages 16 to 30 form an integral part of these financial statements. 

14 



## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD 

## STATEMENT OF CASH FLOWS ASAT 31 DECEMBER 2023 


**----- Start of picture text -----**<br>
||||||||
|---|---|---|---|---|---|---|
|Note|2023|2022|
|£|£|
|Cash|flow from operating|activities|20|(36,706)|22,068|
|Cash|flow from|investing|activities|
|Payments to|acquire tangible|fixed|assets|(15,674)|(25,740)|
|Payments|to|acquire|investments|(80,000)|-|
|Receipts from|sales of investments|55,489|=|
|Dividends and|interest|received|29,281|18,691|
|Net cash flow from|investing|activities|(10,904)|(7,049)|
|Net|(decrease)/|increase|in cash and cash|equivalents|(47,610)|15,019|
|Cash and|cash|equivalents|at|1 January|433,421|418,402|
|Cash and|cash|equivalents|at 31|December|385,811|433,421|
|Cash and|cash|equivalents|consists|of:|
|Cash|at bank|and|in|hand|188,043|233,354|
|Short term|deposits|:|197,768|200,067|
|Cash and|cash|equivalents at 31|December|385,811|433,421|

**----- End of picture text -----**<br>


15 



## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD 

## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 

## 1. Summary of significant accounting policies 

## (a) General information and basis of preparation 

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Practice. 

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity and are rounded to the nearest £. 

The charity is exempt from preparing consolidated financial statements in accordance with the guidance published by the Charity Commission. 

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

## (b) Funds 

Unrestricted Funds 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. These include funds designated for a particular purpose by the PCC. Designated Funds are detailed in note 15. 

Restricted Funds are those funds which the PCC must apply to specific purposes set out by the donor or legal! obligations. Restricted Funds are detailed in note 15. 

Endowment Funds are assets which are held permanently by the PCC. The Funds are held in long term investments which are detailed in note 12. 

The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the financia! statements of church groups that owe their main affiliation to another body or those that are informal gatherings of church members. 

## (c) Income 

Income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. 

Deferred Income relates to events where income relating to attending the events has been received but the events will take place in future accounting periods 

## Donations and Legacies 

Collections and planned giving are recognised when received by or on the behalf of the PCC. Income tax recoverable on Gift Aid donations is recognised when the income is recognised. 

Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain. 

Funds raised from events are accounted for gross except where expenses are considered to be immaterial. 

16 



## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 

## 1. Accounting Policies - continued 

## (c) Income - continued 

Income is shown Gross. This includes parochial fees for weddings and funerals, income from trading activities such as the hire of halls and church and from church events such as holiday club and youth house party. Related expenditure is shown under Charitable Activities - Activities directly relating to the work of the church. 

## Incomefrom Investments 

Dividends and Interest from Bank Deposits and Investments are accounted for when received. Rental income from residential properties is recognised when entitlement has occurred. Gains and losses on investments Realised gains or losses are recognised when investments are sold. 

Unrealised gains or losses are accounted for on revaluation of investments at 31 December. 

## (d) Expenditure 

Expenditure is recognised as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of obligation can be measured reliably. Expenditure is accounted for on an accruals basis and includes irrecoverable VAT. 

## Missional Grants 

The church supports mission partners in the UK and abroad. The amount of general funding available for mission grants each financial year is determined as a % of regular giving. 

Many of our partners have been supported by the PCC for a number of years. However, the PCC or the Mission Support Group on behalf of PCC, assesses mission partner funding on an annual basis and is confident that partners would not view that there is an open ended obligation. As a result, only the annual commitment is accounted for in these financial statements. 

Other grants made including those from the Restricted Mission Fund and the Connected Church Fund are recognised in the accounts when the decision to make the grant is taken. 

## (e) Fixed Assets 

Consecrated property and movable church furnishings 

Consecrated and beneficed property of any kind is excluded from the accounts by section 10(2){a) of the Charities Act 2011. This exdusion applies to the consecrated property at Whirlow, Sheffield, (the Chapel of the Holy Spirit), owned by All Saints Ecclesall PCC and held under the custodian trusteeship of the Sheffield Diocesan Board of Finance. The purchase of land at Whirlow and the subsequent building of the Chapel in 1958 was financed out of a generous bequest received from the Estate of Enid Gertrude Hague Deceased. 

No value is placed for the accounts on movable church furnishings held by the Vicar and Churchwardens in special trust for the PCC and which require a faculty for disposal since the PCC considers these to be inalienable property. They are listed in the church’s inventory which can be inspected at any reasonable time. 

All expenditure incurred during the year on consecrated or beneficed buildings and such moveable church furnishings is written off. 

7 



## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD 

## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 

## 1. Accounting Policies - continued 

## (e) Fixed Assets - continued 

## Unconsecrated property 

Property held by the PCC for continuing use in its work that has not been consecrated or beneficed is valued at market value for existing use. Residential properties are subject to a professional valuation every three years (last valuation in 2022) and the Parish Halls every five years (last valuation in 2019). 

Other fixtures, fittings and office equipment Individual fixtures, fittings and equipment with a purchase price of £1,000 or less are written off when the asset is acquired, with the exception of computer equipment, which is capitalised regardless of cost. Items which are capitalised are included at cost and are depreciated over their expected useful life on a straight line basis as follows: 

Office equipment including computers — 3 or 4 years Church & Hails equipment ~ 4 to 10 years 

## (f) Investments 

Investments held in The Central Board of Finance Church of England Investment Fund are valued at bidmarket value at 31 December. 

Investment Properties are measured at fair value at each reporting date with changes in fair value recognised in net gains /(iosses) on investments in the Statement of Financial Activities (SoFA). 

## (g) Tax 

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable organisation for UK corporation tax purposes. 

## (h) Going concem 

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the levet of reserves for the charity to be able to continue as a going concem. 

18 



## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD 

## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 

2 Income from donations and legacies 

||Unrestricted|Restricted|Totalfunds|funds|
|---|---|---|---|---|
||Funds|Funds|2023|2022|
||£|E|£|£|
|RegutarGiving|||||
|Giftaided|298,454|-|298,454|294,948|
|Tax Recoverable|74,492|-|74,492|75,907|
|Non Gift aided|26,343|-|26,343|26,277|
||399,289|:|399,289|397,132|
|Collections at services|||||
|including tax recoverable|7,505|-|7,505|5,430|
||406,794|-|406,794|402,562|
|One offGifts|||||
|Giftaided|4,764|-|4,764|10,050|
|Tax Recoverable|1,191|-|1,191|2,513|
|Non Giftaided|6,398|-|6,398|5,674|
||12,353|-|12,353|18,237|
|Total Giving|419,147|-|419,147|420,799|
|Donations|3,176|23,216|26,392|28,851|
|Legacies|-|32,000|32,000|2,503|
|Grants|3,725|2,551|6,276|3,500|
||426,048|57,767|483,815|455,653|



£31,288 of the total income of £455,653 was categorised as Restricted in 2022. 

The total tax recoverable, including on certain donations, was £81,855 (2022: £84,395). 

On Stewardship Sunday, 15 October 2023, the church family was asked to consider increasing regular giving for the year ahead. Unrestricted One off Gifts of £8,086 (induding tax recoverable) were also pledged and received in 2023. (2022: Unrestricted One Off Gifts of £13,114 (including tax recoverable)). 

Unrestricted donations include £nit from fund raising activities (2022: £235). Restricted donations indude £4,018 raised in response to Mission Sunday (2022: £6,267) and £16,875 for Youth Ministry (2022: £16,875). 

19 



## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD 

## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 

## 3. Incoming resources from charitable activities 

||Unrestricted<br>Funds<br>£|Restricted<br>Funds<br>£|Totalfunds<br>2023<br>£|funds<br>2022<br>£|
|---|---|---|---|---|
|Funeral Fees|13,450|15,643|29,093|19,847|
|Wedding Fees|4,352|1,679|6,031|7,137|
|Events|10,468|7,145|17,613|9,386|
|Grave plots|=|8,500|8,500|6,500|
|Parish Hall lettings|8,908|-|8,908|9,190|
|Whirlow Jettings|1,365|=|1,365|3,002|
|Trading|2,207|-|2,207|2,995|
|Other Income|25,035|-|25,035|39,223|
||65,785|32,967|98,752|97,280|



£22,279 of the total income from charitable activities in 2022 related to Restricted Funds. 

Other income is represented by £25,035 received from Whirlow Grange Ltd (WGL) for the costs of the staff employed by All Saints PCC on WGL's behalf as part of partnership arrangements (2022: £16,699) and Enil income from St Gabriels PCC for Rev. A Stevenson with the conclusion of the five year mission partnership agreement (2022: £22,524). 

## 4. Income from other trading activities 

||Unrestricted<br>Funds<br>£|Restricted<br>Funds<br>£||Totalfunds<br>2023<br>£|funds<br>2022<br>£|
|---|---|---|---|---|---|
|Church hire|10,679||-|10,679|9,795|
|Parish Hali lettings|53,235||-|53,235|60,730|
|Whirlow lettings|4,076||-|4,076|3,853|
||67,990||-|67,990|74,378|



Enil of the total income from other trading activities in 2022 related to Restricted Funds. 

## 5. Income from investments 

||Unrestricted<br>Funds<br>£|Restricted<br>Funds<br>£|Totalfunds<br>2023<br>£|funds<br>2022<br>£|
|---|---|---|---|---|
|Dividendsand interest|17,041|12,240|29,281|18,691|
|Property Rental Income|17,886|-|17,886|23,511|
||34,927|12,240|47,167|42,202|



£11,726 of the total income from investments in 2022 related to Restricted Funds. 

20 



## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD 

## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 

|6.|Grantsmade|Unrestricted|Restricted|Total|funds|
|---|---|---|---|---|---|
|||Funds|Funds|2023|2022|
|||£|£|£|£|
||Overseas Mission &CharitableGiving:|||||
||- Missionary societies<br>- Reliefanddevelopmentagencies|16,316<br>6,592|1,584<br>1,588|17,900<br>8,180|17,335<br>10,400|
|||22,908|3,172|26,080|27,735|
||Home Mission&Charitiable Giving|4,460|1,490|5,950|4,970|
|||27,368|4,662|32,030|32,705|



|Each year Mission SupportGroup isallocated a budgetby PCC|Each year Mission SupportGroup isallocated a budgetby PCC|from general funds which isa%|from general funds which isa%|% ofgeneral regular|
|---|---|---|---|---|
|giving (afterdeducting forthe element of the DiocesanCommon Fund contribution deemed to be missional).|||||
|Fundsare also raised on Mission Sundayand through a range||ofactivities for ourConneted Church. Such funds are|||
|treated as Restricted.|||||
|Church Mission Society (CMS)|7,904|396|8,300|8,525|
|Overseas Missionary Fellowship (OMF)|4,704|396|5,100|4,180|
|Serving in Mission (SIM)|2,104|396|2,500|2,755|
|Ichthus forAanandit, Nepal<br>Mosaic|1,604<br>1,303|396<br>397|2,000<br>1,700|1,875<br>2,475|
|A Rocha<br>St Michael's Buenos Aries|1,003<br>1,903|397<br>397|1,400<br>2,300|825<br>1,100|
|TASTE<br>Tearfund|1,203<br>1,180|397<br>-|1,600<br>1,180|1,000<br>-|
|Connected Church - Tanzania|-|-|-|5,000|
|The DATICTrust(Galeed House)|1,903|397|2,300|2,475|
|Christiansand Sheffield Schools|1,554|396|1,950|1,320|
|Oakes Holiday Centre|1,003|397|1,400|825|
|Othergrants individually lessthan £1,000|-|300|300|350|
||27,368|4,662|32,030|32,705|
|£10,120 ofthe total grantsawarded in 2022 related to Restricted Funds|||||
|Other Missional Giving|||||
||Unrestricted|Restricted|Total funds||
||Funds|Funds|2023|2022|
||£|£|£|£|
|Diocesan Common Fund|78,700|-|78,700|71,300|
|StGabriels PCC|3,900|5,000|8,900|39,386|
||82,600|5,000|87,600|110,686|



## 7. Other Missional Giving 

Please see note 8 for further details on contributions to the Diocesan Common Fund. 

2023 saw the condusion of the five year mission partnership agreement with St Gabriels PCC. A final contribution of £3,900 was made towards to stipend of Rev A Stevenson from general funds and the last instalment of the £5,000 Kick Start Grant from the Restricted Fund was paid to St Gabriels (2022: £5,000). 

21 



## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 

## 8. Activities directly relating to the work of the church 

|||Unrestricted|Restricted|Total funds|Total funds||
|---|---|---|---|---|---|---|
|||Funds|Funds|2023|2022||
||Ministry:|£|£|£||£|
||- Diocesan Common Fund #1|71,300|-|71,300||71,300|
||- Clergy stipends|38,205|-|38,205||19,630|
||- Clergyhousing&expenses<br>- Laystaffsalaries<br>- Contribution todiocesan stipends|13,346<br>40,930<br>-|1,422<br>16,875<br>5,116|14,768<br>57,805<br>5,116||20,838<br>40,869<br>5,087|
||- Servicesand ministrycosts<br>- Wedding costs&Assigned Fees<br>- Funeral costs&Assigned Fees<br>- Events<br>- Mission andevangelism costs|10,378<br>645<br>2,354<br>8,599<br>2,840|2,102<br>1,679<br>4,671<br>7,060<br>-|12,480<br>2,324<br>7,025<br>15,659<br>2,840||9,914<br>2,950<br>3,627<br>8,225<br>1,310|
|||188,597|38,925|227,522||183,750|
||Salaries -OperationsTeam<br>Church running costs<br>Major repairs<br>Trading activities|117,216<br>39,447<br>38,268<br>7,448|9,249<br>-<br>-<br>-|126,465<br>39,447<br>38,268<br>7,448||118,392<br>39,070<br>27,216<br>4,543|
||Upkeepofchurchyard|-|18,139|18,139||25,222|
||Parish Hall running costs|42,458|-|42,458||40,968|
||Whirlow running costs|33,959|-|33,959||25,010|
||Administrationexpenses<br>Depreciation<br>Governance costs (note9)|12,620<br>10,688<br>13,744|425<br>-<br>-|13,045<br>10,688<br>13,744||21,543<br>18,504<br>9,459|
|||504,445|66,738|571,183||513,677|
||£54,608 ofthe total expenditure in 2022 related to Restricted Funds.||||||
||#1 DiocesanCommon Fund:The PCC's total contribution tothe Sheffield Diocesan Board of Finance||||||
||Fund in 2023was £150,000 (2022:|£142,600). The Diocese confirmed theannual costofsupporting an|||||
||incumbent (vicar) fora Parish at£71,300. Thiscoversstipend and housing costs, together with other parish||||||
||costs(2022: £71,300). The balance ofourCommon Fund contribution is tosupport|||supportchurch families in other|||
||parishes in the Dioceseand hence is reported under note 7as “other missional giving". In 2023|||||thiselement|
||£78,700 (2022: £71,300).||||||
|9.|Governancecosts|Unrestricted|Restricted|Totalfunds|||
|||Funds|Funds|2023|2022||
|||£|£|£||£|
||Auditor's remuneration||||||
||-Audit Fee|7,860|-|7,860||7,680|
||- Non auditservices|4,020|-|4,020||-|
||Legaland professional|1,864|-|1,864||1,779|
|||13,744|-|13,744||9,459|



#1 Diocesan Common Fund: The PCC's total contribution to the Sheffield Diocesan Board of Finance Common Fund in 2023 was £150,000 (2022: £142,600). The Diocese confirmed the annual cost of supporting an incumbent (vicar) for a Parish at £71,300. This covers stipend and housing costs, together with other parish support costs (2022: £71,300). The balance of our Common Fund contribution is to support church families in other parishes in the Diocese and hence is reported under note 7 as “other missional giving". In 2023 this element was £78,700 (2022: £71,300). 

22 



## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 

## 10. Staff costs, Trustee remuneration and expenses, and the cost of key management personnel 


**----- Start of picture text -----**<br>
|||||||||
|---|---|---|---|---|---|---|---|
|Staff Costs and Employee Benefits|2023|2022|
|£|£|
|Wages|and|salaries|216,707|204,402|
|Social|security|9,842|8,278|
|Defined|contribution|pension|costs|22,972|27,490|
|249,521|240,170|
|Average|monthly number number|of employees employees|during|the|year|14|14|

**----- End of picture text -----**<br>


## Average monthly number number of employees employees during the year 

The average number of employees does not include the Vicar who is not employed by the PCC and whose employment costs are paid for via the Common Fund contribution. Nor does it include our Curate who is employed and paid by the Diocese. Although the PCC does not directly employ our Associate Vicar as we fully account for his employment costs and pay these over to the Diocese, we do include in the average number calculation so the monetary and employment numbers are shown on a consistent basis (2 in 2022 induding the Rev. Alistair Stevenson based at St Gabriels). The average number also includes 2 members of staff employed on behalf of Whirlow Grange Ltd (i in 2022) as part of the partnership arrangements and the Whirlow Grange Ltd staff are included in the total staff costs shown in this note. 

No employees received total employee benefits (excluding employer pension costs) of more than £60,000. 

## Trustee Remuneration and Expenses 

The Trustees are the voting members of PCC as listed in the legal and administrative information section of these accounts. 

Trustees were not paid and did not receive any other benefits such as travelling or subsistance expenses in their capacity as Members of PCC (2022: Enil). 

Payments to Trustees for other activities undertaken for the church are disclosed in note 19, Related Party Transactions. 

The remuneration of the Vicar and Associate Vicar who were members of PCC in 2023 and 2022 is disclosed as part of the note below on key management personel. 

## Cost of Key Management Personnel 

The PCC considers the key management personnel to be the voting Trustees, who induded the Vicar, the Associate Vicar and the Curate, together with the Operations Manager. 

The aggregate salary and pension contributions paid by All Saints Ecclesall PCC to or on behalf of these individuals was £78,176 (2022: £57,383). In neither year does this include costs for the Vicar as these are paid through the Common Fund, nor our Curate who is paid and funded by the Diocese. 

Other clergy allowances and expenses including housing costs were £14,768 (2022: £20,838). 

23 



## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 

|11.|Fixed assets|||Church&|||
|---|---|---|---|---|---|---|
|||Landand||Halls|Office||
|||buildings||equipment|equipment|Total|
|||£||£|£|£|
||Cost / valuation||||||
||Asat 1 January2023|970,000||122,837|41,056|1,133,893|
||Additions<br>Disposals||-<br>-|14,692<br>-|982<br>(7,663)|15,674<br>(7,663)|
||Asat 31 December 2023|970,000||137,529|34,375|1,141,904|
||Depreciation||||||
||Asat 1 January2023||-|85,311|39,666|124,977|
||Chargefortheyear||-|9,768|920|10,688|
||Disposals||-|-|(7,663)|(7,663)|
||As at31 December 2023||-|95,079|32,923|128,002|
||Netbookvalue||||||
||Asat31 December2023|970,000||42,450|1,452|1,013,902|
||Asat31 December 2022|970,000||37,526|1,390|1,008,916|
|||SSNS SSS||OSS|SS——S|ies|
||The land and buildings at31 December 2023 are comprised||of:||£||
||ClergyHouse: Knowle Lane, Sheffield|||Freehold|675,000||
||Parish Hall|||Freehold|295,000||
||||||970,000||



No depreciation or impairment has been provided on the land and buildings as the PCC has a policy of valuing properties at open market value for existing use. 

The historical cost of the property on Knowle Lane is £390,000. Information is not available to quantify the historical cost of the Parish Hall. 

## 12. Fixed asset investments 


**----- Start of picture text -----**<br>
on tricted Restricted Endowment<br>Funds Funds Funds Total<br>Investment Unlisted Unlisted Unlisted<br>Property Investments Investments Investments<br>£ £ £ £ £<br>As at 1 January 2023 575,000 - - 500,318 1,075,318<br>Additions = 50,000 30,000 = 80,000<br>Disposals - - - (55,489) (55,489)<br>Transfers - 25,375 (25,375) ‘<br>Change in Market Value (25,000) 4,165 2,314 42,401 23,880<br>As at 31 December 2023 550,000 79,540 32,314 461,855 1,123,709<br>The investment property is a residential property on Greystone Grange Road. It was professionally revalued in<br>December 2023.<br>**----- End of picture text -----**<br>


All unlisted investments are held in the CBF Church of England Investment Fund 

During 2023 a number of individual trust funds within Endowment Funds with a value of fess than £10,000 were closed. The funds were transferred either into Unrestricted Funds or Restricted Churchyard Funds as appropriate. 

24 



## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 


**----- Start of picture text -----**<br>
||||||||||
|---|---|---|---|---|---|---|---|---|
|13.|Debtors|2023|2022|
|£|£|
|Prepayments|and|other|debtors|24,311|29,151|
|Expected|Legacies|32,000|-|
|56,311|29,151|
|14,|Creditors|2023|2022|
|£|£|
|Due within one year|
|Accruals|and|other|creditors|53,525|53,899|
|Deferred|income|4,038|1,528|
|57,563|55,427|
|15.|Fund|reconciliation|
|A)|Unrestricted|Funds|Balance at|Gains|/|Balance at|
|01/01/2023|Income|Expenditure|Transfers|(losses)|31/12/2023|
|é|£|€|£|£|£|
|General|funds|211,364|492,698|(454,613)|(4,330)|4,165|249,283|
|Designated|funds:|
|Toddlers fund|-|5,489|(6,124)|635|=|-|
|Whirlow fund|-|31,050|(33,959)|2,909|-|=|
|Parish|Hall fund|-|62,143|(67,280)|5,137|=|.|
|Estates|fund|71,564|3,370|(41,748)|23,814|-|57,000|
|Sub|total|71,564|102,052|(149,112)|32,495|=|57,000|
|Fixed|Assets|fund|1,008,916|-|(10,688)|15,674|.|1,013,902|
|Investment|Property fund|575,000|-|-|.|(25,000)|550,000|
|1,655,480|102,052|(159,800)|48,169|(25,000)|1,620,902|
|Total|Unrestricted funds|1,866,844|$94,750|(614,413)|43,839|(20,835)|1,870,185|

**----- End of picture text -----**<br>


## Total of Unrestricted Funds (General and Designated Funds) held as liquid assets 

## 306,283 

## Designated Funds 

Toddlers fund — This fund is used to account for income and expenditure from Toddlers Group. Any accumulated surplus to a maximum of £1,000 is retained in the fund to allow for equipment purchases. Otherwise resources are transferred to/from general funds. 

Whirlow fund — All Saints Ecclesall operates the Whirlow Spirituality Centre and Chapel of the Holy Spirit in partnership with Whirlow Grange Ltd. The PCC’s share of partnership income and expenditure is accounted for via this fund with any shortfall in funding being financed from general funds. 

Parish Hall fund — The fund is used to account for income from lettings of the halls and related expenditure. If an operational loss is made resources are transferred from general funds to leave a Enil balance at year end. In 2023 £5,137 was transferred. If a surplus is made PCC determine the most appropriate use of the surplus. In 2022 the surplus of £4,085 was transferred to the Estates Fund to contribute to the cost of a replacement boiler for the halls. Any major redevelopment will require separate funding. 

Estates fund - PCC has determined as part of the Reserves Policy that a designated fund should exist to support major repairs and improvements to the Church and other properties owned by the PCC. The fund is reviewed at least twice a year taking into account Quinquennial Inspection reports and other priorities against total unrestricted reserves. The income is from investments held in the Houghton Fabric Endowment Fund and any specific grants awarded. 

Fixed Assets fund — funds invested in Freehold Land & Buildings and other capital assets to support church activities. 

Investment Property fund — general funds invested in a residential property. Net rental income from the property is accounted for in general funds and used to support church activities. 

25 



## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 

|15,|Fund reconciliation - continued||||||||
|---|---|---|---|---|---|---|---|---|
|||Balanceat||||Gains|{|SBaianceat|
||Unrestricted funds - prioryear|01/01/2022|Income|Expenditure|Transfers|(losses)||31/12/2022|
|||£|£|€|£|£||£|
||General funds|168,066|503,883|(444,795)|__(15,790)||-|211,364|
||Designated funds:<br>Toddlers fund|218|5,256|(6,155)|681||~|-|
||Whirtow fund<br>Parish Hallfund|m<br>-|23,550<br>69,920|(25,010)<br>(65,835)|1,460<br>(4,085)||-<br>c|-<br>:|
||Estatesfund<br>Sub totat|105,000<br>105,218|1,611<br>100,337|(27,041 )<br>(124,041)|(8,006)<br>(9,950)||-<br>-|71,564<br>71,564|
||Fixed Assets fund|1,576,680|-|(18,504)|(549,260)||-|1,008,916|
||Investment Propertyfund|-|-|-|$75,000||=|575,000|
|||1,681,898|100,337|(142,545)|15,790||-|1,655,480|
||TotalUnrestrictedfunds|~__1,849,964|604,220|(587,340)|=||E|1,866,044|
||Total of Unrestricted Funds (Generaland|and Designated Funds) held as||liquid assets||||282,928|
||B) Restricted funds|Balanceat||||Gains/|/|Balanceat|
|||01/01/2023|Income|Expenditure|Transfers|(losses)||31/12/2023|
|||£|£|£|£|£||£|
||Restricted;||||||||
||Churchyard fund|83,764|58,894|(24,838)|36,525|2,314||156,659|
||Augmentation Trust fund|-|5,116|(5,116)|-||-|-|
||AssignedFeesfund|-|6,350|(6,350)|=||3|=|
||Connected Church fund|2,185|1,021|-|-||-|3,206|
||StGabriels: Kick Startfund<br>Mission&Otherfunds<br>Youth fund|5,000<br>3,552<br>29,716|-<br>8,569<br>23,024|(5,000)<br>(10,282)<br>(24,815)|-<br>-<br>500||-<br>-<br>>|-<br>1,839<br>28,425|
|||124,217|102,974|(76,400)|37,025|2,314||190,130|
||Endowment:||||||||
||Churchyard fund|210,202|-|-|(94,490)|13,574||129,286|
||Augmentation trustfund<br>Houghton fabricfund|170,927<br>54,113|-<br>-|-<br>-|-<br>-|16,222<br>5,136||187,149<br>59,249|
||General purposes fund|51,656|-|-|13,626|6,196||71,478|
||Choristers fund|13,420|-|-|-|1,273||14,693|
|||500,318|-|-|(80,864)|42,401||461,855|



## Restricted Funds: 

Churchyard fund -— Income each year is primarily from relevant investments, legacies and specific burial and interment fees. Expenditure is on upkeep and development of the churchyard and maintenance of monuments. 

Augmentation Trust fund-~ Income is from the related Endowment Fund and is passed to the Sheffield Diocesan Board of Finance aS a contribution towards the stipend of the Vicar of All Saints Ecctesall. This contribution is in addition to the Common Fund contribution made by All Saints. 

Assigned fees fund - A set proportion of fees earned from funerals and weddings has to be paid over to the Sheffteld Diocesan Board of Finance. This fund is used to manage such income and should have a £nil balance at each year end. 

Connected Church fund — Funds are generated from donations and events for the Church & Community Mobilisation Project operated by the Diocese of Kilimanjaro, Tanzania. To 31 March 2023 grants were made through a partnership agreement with Tearfund. The grant for 2022/23 was made by the PCC in 2022. A new partnership arrangement is being established for 2024. 

St Gabriels: Kick Start Grant - The PCC had a 5 year Mission Partnership Agreement with St Gabriels PCC. A £25,000 grant received from the Sheffield Diocesan Board of Finance in 2019 was used equally over 5 years with the last instalment in 2023. 

Mission& Other funds — donations or grants received for specific purposes and which are only spent on those purposes. Youth fund - Donations and other funding for the purpose of supporting youth activities such as the annual House Party and the staff post of Youth Minister. 

26 



## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 

## 15. Fund reconciliation - continued 

Endowment Funds are assets held by the PCC as investments with income eamed used for the purposes for which the funds were established. Income is shown against the relevant restricted or designated fund or general funds. In 2023, with the support of the Sheffield Diocesan Board of Finance where they were custodian trustee, all individual trust funds with a value of less than £10,000 were dosed and funds re-invested and re-allocated as deemed most appropriate. This allowed the release of £80,864 into churchyard restricted or unrestricted genera! funds. 


**----- Start of picture text -----**<br>
|||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Restricted funds - prior year|Balance|at|Gains|/|Balance at|
|01/01/2022|Income|Expenditure|Transfers|(losses)|31/12/2022|
|£|£|£|£|£|&|
|Restricted:|
|Churchyard fund|91,342|22,940|(30,518)|-|-|83,764|
|Augmentation|trust fund|-|5,087|(5,087)|.|=|+|
|Assigned|Fees fund|-|4,670|{4,670)|-|-|-|
|Connected Church fund|4,19|1,266|(3,500)|-|-|2,185|
|St Gabriels:|Kick|Start fund|10,000|a|(5,000)|5,000|
|Mission & Other funds|2,591|14,064|(13,103}|-|-|3,552|
|Youth fund|20,300|17,266|(7,850)|-|-|29,716|
|128,652|65,293|(69,728)|-|-|124,217|
|Endowment:|
|Churchyard|fund|297,018|-|-|(58,592)|(28,224)|210,202|
|Augmentation|trust fund|193,878|=|%|=|(22,951)|170,927|
|Houghton|fabric|fund|61,379|=|=|-|(7,266)|$4,113|
|General|purposes fund|-|-|-|58,592|(6,936)|51,656|
|Choristers fund|15,222|-|-|-|(1,802)|13,420|
|567,497|.|<|-|(67,179)|$00,318|
|C)|Transfers between funds|
|During|the|year the|following|transfers|between|funds|were|made|in|support of|the|PCC|funding|its|operations:|
|FromDesignatedGeneral to|Funds|From|To|£|
|To cover PCC net costs into the Whirlow|Partnership|in|2023|General|Whirlow|2,909|
|To cover|net casts for Toddlers Group|in|2023|General|Toddlers|635|
|To|cover|net costs|of operating|Parish|Halls|in|2023|General|Parish|Halls|5,137|
|To purchase|fixed|assets|in 2023|General|Fixed|Assets|15,674|
|To|reptenish|Estates Designated|Fund|for|start of 2024|General|Estates|23,814|
|FromRestrictedGeneral|to|Funds|Total|48,169|
|From|mission|budget to support youth|mission|visit|to|Manchester|General|Youth|500|
|From|Endowment|Funds.|
|Following-|the dosure of individual|trust funds with values less than £10,000:|ChurchyardEndowment|=|CuschyardRestricted|36,525‘|
|Following|7|Churchyard|
|the dosure of individual trust funds with values fess than £10,000|Endowment|General|44,339|

**----- End of picture text -----**<br>


27 



## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 

## 16. Analysis of net assets by fund 


**----- Start of picture text -----**<br>
||||||||||
|---|---|---|---|---|---|---|---|---|
|Unrestricted|
|Unrestricted|designated|Restricted|Endowment|
|free funds|funds|funds|funds|Total|
|£|£|£|£|£|
|Fixed|assets|for church|use|-|1,013,902|-|.|1,013,902|
|Fixed|assets investments|79,540|550,000|32,314|461,855|1,123,709|
|Current assets|213,442|66,390|162,290|-|442,122|
|Current|liabilities|(43,699)|(9,390)|(4,474)|-|(57,563)|
|Fund balance|249,283|1,620,902|190,130|461,855|2,522,170|
|Analysis of net assets|by fund|-|prior year|
|Unrestricted|
|Unrestricted|designated|Restricted|Endowment|
|free funds|funds|funds|funds|Total|
|£|£|£|£|£|
|Fixed|assets for church|use|-|1,008,916|:|-|1,008,916|
|Fixed|assets|investments|-|§75,000|-|500,318|1,075,318|
|Current assets|251,505|85,321|125,746|-|462,572|
|Current|liabilities|(40,141)|(13,757)|(1,529)|-|(55,427)|
|Fund balance|211,364|1,655,480|124,217|500,318|2,491,379|

**----- End of picture text -----**<br>


Sufficient resources are held in an appropriate form to enable each Fund to be applied in accordance with the restrictions imposed by the donors. 

## 17. Capital commitments The church had commitments as follows: 

## Contracted for but not provided in these financial statements 


**----- Start of picture text -----**<br>
2023 2022<br>£ F3<br>12,411 2,301<br>**----- End of picture text -----**<br>


All repairs to both conscerated and unconsecrated property are written off in the year in which they are incurred and are not “capitalised”. This note confirms financial commitments related to work on properties for which the PCC has responsibility at the balance sheet date. 

## Consecrated Property 

The latest Quinquennial Inspection of the Church Building was in spring 2622. Estates Committee reviewed the inspection report in July 2022 and confirmed that no major repairs to the fabric of church building are required in the near future based on the findings of the inspection. Estates Committee, recommended to PCC that a range of smalier Category A and B repairs be taken forward including internal replastering and south nave window repairs. At the 31 December 2023, testing of the plaster work in preparation for replastering contines. Both of the stained glass windows on the south nave were repaired in 2023. A "watching brief” is being maintained on the 3 plain glass windows In terms of the level of any water ingress. PCC has commissioned repair work to the monument on the south wall of the tower, to be completed in spring 2024 and this cost is included in capital commitments. 

The last Quinquennia! Inspection of the Chapel of the Holy Spirit and adjoining building at Whirtow was in 2019. Limited repair and improvement work was recommended, reflecting the major redvelopment which took place in 2017. During 2023 no major repairs were required. (2022: no major repairs). The next inspection has been scheduled for spring 2024. 

Unconsecrated Property 

The last Quinquennial inspection of the Halls was in 2019, Limited emergency work to the roof and internal plastering took place in 2023 and 2022, with more extensive work deferred pending the completion of the current options review. A Quinquennial Inspection of the residential property on Knowle Lane purchased in 2015 took place in spring 2022. This indicated a few minor repairs were required and these were completed in 2022. During 2023 the main expenditure has been new boundary fencing. The inspection of the residential property on Greystones Grange Road Is due spring 2024. In the meantime relevant safety checks and maintenance continue to allow the PCC to rent out the property. 

a3 



## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 

## 18. Church Workers Pension Fund 

Ecclesall PCC participates in the Pension Builder Scheme section of the Church Workers Pension Fund (CWPF) for lay staff. CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets of the schemes separately from those of the Employer and the other participating employers. 

## CWPF has two sections: 

1. the Defined Benefits Scheme 2. the Pension Builder Scheme, which has two subsections; a. a deferred annuity section known as Pension Builder Classic, and, b. acash balance section known as Pension Builder 2014. 

Pension Builder Scheme 

Both sections of the Pension Builder Scheme are classed as defined benefit schemes. 

Pension Builder Classic provides a pension, accumulated from contributions paid and converted into a deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from time to time. Discretionary increases may also be added, depending on investment retums and other factors. 

Pension Builder 2014 js a cash balance scheme that provides a lump sum which members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment returns and other factors. The account, 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 Builder Scheme. 

The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme’s assets and liabilities to specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SoFA in the year are contributions payable, 2023: £15,845 (2022: £13,601) 

A valuation of the Pension Builder Scheme is carried out once every three years. The most recent valuation was carried out as at 31 December 2019. 

For the Pension Builder Classic section, the 2019 valuation revealed a deficit of £4.8m on the ongoing assumptions used. At the most recent annual review effective 1 January 2024, the Board chose to grant a discretionary bonus of 6.7% to both pensions not yet in payment and pensions in payment in respective of service prior to April 1997; and a bonus on pensions in payment in respect of post April 2006 service so that the pension increase was 5% (where usually it would be calculated based on inflation up to 2.5%). This followed improvements in the funding position over 2023. There is no requirement for deficit payments at the current time. 

For the Pension Builder 2014 section, the 2019 valuation revealed a surplus of £5.5m on the ongoing assumptions used. There is no requirement for deficit payments at the current time, 

At the balance sheet date, calculations in respect of the 31 December 2022 valuation were under way. The valuation report was subsequently issued on 27 March 2024 and will be reflected in the 2024 accounts. 

The legal structure of the scheme is such that if another employer fails, Ecclesall PCC could become responsible for paying a share of that employer’s pension liabilities. 

29 



## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 

## 19. Related Party Transactions 

The Charities SORP (FRS 102) defines "Related Parties" as the charity's Trustees and their dose family members and those entities which they control or in which they have a siqnificant interest. 

The Trustees are the voting members of PCC as listed on page 2 of the legal and administrative information section of these accounts. 

The total amount of donations (excuding tax recoverable) made without conditions to the church by the Trustees was £58,748 (2022: £59,098). 

The total amount of donations (exduding tax recoverable) made into Restricted Funds by the Trustees was £14,865 (2022: £14,706). All donations were to existing funds for ongoing and regular activities of the church. 

Where a Trustee has served for part of the year only those donations falling within the period that they were a Trustee are induded. 

## Payments to Related Parties 

No Trustees were paid for assisting at services or events in 2023 or 2022. No spouses of Trustees received any payment in 2023 or 2022. 

The remuneration of Trustees who are ordained dergy is disdosed under note 10. 

## 20. Reconciliation of net income to net cash flow from operating activities 

||||2023|2022|
|---|---|---|---|---|
||||£|£|
|Net income/(expenditure) fortheyear|||30,791|(54,734)|
|Dividendsand interest (received)|||(29,281)|(18,691)|
|Depreciation oftangiblefixed assets<br>(Gains)/lossesoninvestments|||10,688<br>(23,880)|18,504<br>67,179|
|(Increase) /decrease indebtors|||(27,160)|7,362|
|Increase in creditorsduewithin 1 year|||2,136|4,628|
|(Decrease)<br>in creditorsdue after 1 year|||-|(2,180)|
|Netcash flowfrom operating activities|||(36,706)|22,068|
|ofcash andcashequivalents|||||
||Asati1<br>January|Cashflows|Othernon-<br>cash|Asat31<br>December|
||2023||changes|2023|
||£|£|£|£|
|Cashandcash equivalents:|||||
|Cash<br>Shortterm deposits|233,354<br>200,067|(45,311)<br>(2,299)|‘<br>-|188,043<br>197,768|
|Total|433,421|(47,610)|-|385,811|




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21. Analysis of cash and cash equivalents<br>**----- End of picture text -----**<br>


## 22. Related Charity 

On 15 November 2021, All Saints PCC became the sole Corporate Trustee of another charity, The Taylor Institution (Registered Charity number 226122) which at 31 December 2023 had net assets of £24,904 (31 December 2022: £23,768). There is no share capital. As noted in the Accounting Policies, this charity is not consolidated within the results of The Parochial Church Council of the Ecclesiastical Parish of Ecclesall Sheffield in line with Charity Reporting guidelines. 

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