REGISTERED CHARITY NUMBER: 1132443
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST CHAD WITH
ST MARY SHREWSBURY
TRUSTEES. REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST CHAD WITH
ST MARY SHREWSBURY
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page
Reference and Adminlstrative Details
Trustees, Report
Independent Examiner's Report
10
Statement of Flnancial Actlvitles
Statement of Flnanclal Position
12
Notes to the Financial Statemonts
13 to 22

THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST CHAD WITH
ST MARY SHREWSBURY
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 DECEMBER 2024
Clergy
The Reva Samuel Mann
Churchwardens
Joanna Hepper (resigned 28 April 20241
Rachel Davies (appointed 28 April 20241
Susan Kelly (resigned 11 May 2025)
Susan Kynaston (appointed 11 May 2025)
Deanery Synod Representatives
Philip Burton (appointed 28 April 2024, resigned 1 July 2024)
Susan Kelly (resigned 28 April 2024)
Susan Kynaston (resigned 11 May 2025)
Elinor Richardson (appointed 11 May 2025)
Vyvyan Llewellyn (appointed 11 May 20251
Parochlal Church Council ("PCC") Members
Joanna Hepper Iresigned 28 April 2024)
Susan Kelly (resigned 11 May 20251
Rachel Davies {appointed 28 April 2024)
Susan Kynaston (Church Treasurer)
Philip Lapage (resigned 28 April 2024)
Michael Vout (Secretary)
Martha McKirdy (Safeguarding Officer, resigned 1 November 2024)
Lindsay Vout
Penny Walker (resigned 1 July 2024, re-appointed 11 May 2025)
Vyvyan Lleweliyn (re-appointed 28 April 20241
lan Sawers (re-appointed 28 April 2024, resign&d 1 July 2024>
Rachel Cama {appointed 28 April 2024)
Peter Flint (appointed 28 April 20241
Lynne Addison (appointed 28 April 2024, resigned 11 May 2025)
Nick Paterson {appoinled 28 April 20241
Pnilip Burton (appointed 28 April 2024, resigned 1 July 2024)
Stephen Bristo￿, (appointed 11 May 2025)
Sarah Doyle (appointed 11 May 2025}
Abigail Grainger (appointed 11 May 2025}
Elinor Richardson {appointed 11 May 2025)
St Alkmund's Representative- Jane Thompson
St Chad's Representative for St Alkmund's - Philip Lapage (resigned 28 April 2024)
Lindsay Vout (appointed 28 April 2024)
Safeguarding officer - Nina Tweddle (appointed 1 November 2024}
Electoral roll officer- Susan Kelly
Page 1

THE PAROCHIAL CHURCH COUNCIL OF THE1
ECCLESIASTICAL PARISH OF ST CHAD WITH
ST MARY SHREWSBURY
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 DECEMBER 2024
PRINCIPAL ADDRESS
1 St Chad's Terrace
Shrewsbury
Shropshire
SY1 1JL
REGISTERED CHARITY
NUMBER
1132443
INDEPENDENT EXAMINER
TCA {Shrewsburyl LLP
Third Floor
21 St Mary's Street
Shrewsbury
Shropshire
SY1 1ED
BANKERS
Lloyds Bank PLC
1 Pride Hill
Shrewsbury
Shropshire
SY1 1DG
Page 2

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST CHAD WITH ST MARY SHREWSBURY
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their annual report together with the financial statements of the charity for the year
ended 31 December 2024.
Objectives and Activities
a. Policies and objectlves
The Church Wardens and PCC co-operate with the incumbent to promote in the ecclesiastical parish, the whole
mission of the Church, pastoral, evangelistic, social, and ecumenical.
St Chad's is a welcoming church providing opportunities for learning, reflection, worship and prayer. St Chad's
is experiencing growth, numerically and spiritually, in all aspects of its life. The congregations across the Sunday
services are diverse in age, ethnicity, and background. The Occasional offices (Weddings, Funerals. and
Baptisms) continue to be an important part of church life, while festival and special services are well supported.
Members of the clergy and the congregation also engage with the wider community at various non-st Chad's
events to Show God's love and care for his people and to benefit the wider community.
St Chad's has safeguarding and health and safety policies in Place to make the Church and Church events
safe place. There is a dedicated safeguarding officer, prominent safeguardin9 information boards in the Church
vestibule, and members of the PCC have undertaken safeguarding training. The Vicar, Churchwardens and
Safeguarding Officer have received additional training at an advanced level.
As a town centre church, St Chad's ministers to many visitors ta the town and Church, to those who live in the
parish, those who attend church regularly but live outside the parish, the thousands of people who visit the
Church as tourists, and to those who attend concerts and events such as graduations, school concerts and
educational visits. St Chad's also has an active ministry to the homeless and rough-sleepers in the town
centre, and actively supports the work of the Ark, a local char,ty that is dedicated to helping homeless and
vulnerable people in our community to turn their lives around.
When asked to do so, St Chad's hosts civic and military services. St Chad's has signed the Military Covenant
and takes seriously the development of relationships with military services. The developiiig relationship with
RAF Shawbury is an example of this.
b. Activities for achleving objectlves
The PCC is committed to enabling as many people as possible to worship at st Chad's and to become part of
the St Chad's and wider church comrnunity. The services and worship put faith into practice through prayer and
scripture, music, and sacrament.
The Church usually holds three services each Sunday, weekly services of Morning Prayer, and in person and
Zoom prayer meetings.
St Chad's also hosts special services and events to welcome the wider community into the church to worship
within the context of their lives.
St Chad's welcomes other groups from both within and beyond the parish for worship and for visits lo the church.
St Chad's plans activities and events lo engage with and love and serve the wider community and show, by
example, what it means to be part of a loving Christian community
INhen planning its activities for the year, the Vicar, Church Wardens, and PCC consider the Charity
Commission's guidance on public benefit and, in particular, the specific guidance on charities for the
advancement of religion.
Page 3

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST CHAD WITH ST MARY SHREWSBURY
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
St Chad's enables ordinary people to live out their faith as part of our parish community through:
worship and prayer
learning about the Gospel
developing their knowledge and trust in Jesus
developing Christian fellowship through small group meetings and pilgrimages
providing vocational training
provision of pastora1 care
outreach work with visitors, schools, and the elderly
St Chad's maintains the fabric of the Church and other buildings in order to be able to achieve many of its
objectives.
c. Publlc beneflt
The Trustees are aware of the Charity Commission's revised guidance on public benefit in the publication
entitled "The Advancement of Religion for the Public Benefit and have had regard to it in their administration of
the charity.
The PCC believes that supporting and promoting the work of St Chad's wlll help lo promote the pasloral,
evangelistic, social, and ecumenical mission of the Church of England more effectively, within the community
of Shrewsbury and in doing so benefiting the public by..
providing facilities for public worship, pastoral care, spiritual nurture and moral and intellectual
development, both for its members and for anyone else who wishes to benefit from what Sl Chad's offers.,
promoting Christian values, and service, by members of Sl Chad's in and to their communities, to the
benefit of individuals and society as a whole,
providing financial and practical support to local, national and international charities and similar
organisations.,
providing education and volunteering opportunities for young people, and
opening the church to the wider public by providing a concert auditorium for choral, orchestral, org8n, and
other recilals, and a space for local schools and organisation5 to hold their Christmas services during the
annual Christmas Tree festival, including the annual RAF Shawbury Christmas Concert.
Achievements and performance
a. Revlew of actlvltles
Worshi
Pra
er and Ex
ressions of Faith
Normal Church SeNices and events continued throughout 2024. The church holds three services each Sunday
and. since Ihe arrival of Rev'd Sam as Vicar, daily Morning Prayer services. The Sunday congregations are
growing, diverse communities drawn from across Shrewsbury and the surrounding area.
St Chad's continues to donate to, raise funds for and collect clothing and food donations for Ukraine. the Food
Bank and The Ark. and other local charities supporting the homeless and those in temporary accommodation,
or accommodation with limited facilities. The Vicar and other members of the ministry team make regular visits
to The Ark to offer pastoral support to its staff and clients.
Daylighl, the St Chad's mission group established in late 2021, continues to grow and evolve It meets regularly
to read and discuss the Gospel and different members, journeys offaith and to hear accounts from people facing
8 variety of day-to-day challenges, both locally and around the world. Daylight helps to remind St Chad's of ils
inclusion in the global Christian community, calling tc mind the experience and plight of Christians around the
world.
Page 4

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST CHAD WITH ST MARY SHREWSBURY
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
St Chad's hosted a successful 2024 Christmas Tree Festival which launched with a special service of carols,
singing, and refreshments. Local business and organisations sponsored the trees, as St Chad's itself became
a daily hub of activity during the Christmas period. Several schools held their Christmas concerts in the Church
during the Christmas Tree Festival, and the local RAF Station held their main carol concert in the church, with
close to 1,000 people in attendance, Local music groups also put on several Christmas concerts. The church
was full for the 9 Lessons and Carols service and was full again for the Crib service on Christmas Eve,
attended by many young families St Chad's also hosted the regular well supported Chrislmas Eve and
Christmas Day Services.
Baptisms, Weddings, and funeral services were held in the church throughout the year. In 2024 there were 6
baptisms (2023.. 3}, 2 wedding$12023'.31 and 17 funerals at St Chad's12023'. 31. St Chad's realises that these
occasions are very important occasions for families and friep,ds and the Vicar, other clergy, and Church
Wardens work hard lo engage with and support families, couples and the bereaved in the weeks and months
surroL'nding such services.
The electoral roll stands at 106 (2023.'1281
St Chad's continues to benefit from a rich musical tradition including the wonderful singing of the St Chad's
choir, under the guidance of its Director of Music, Tony Pinel. The Assistant Director of Music, Richard Walker,
arranges the very popular Friday concerts and the lunches that follow the concerts. The choir sings three out
of every four weeks in term time, with a sung Eucharist in the morning and Choral Evensong in the afternoon.
The service of Choral Evensong has enjoyed a real resurgence of congregation numbers, which reflects a
national trend and is very gratifying for the musicians,
Pastoral Care
A team of pastoral care volunteers work, under the sUpervis￿On of the Vicar and Churc,h Wardens, to support
those in need and those who have requested care wittri. visits (including the taking of home communion) being
made le the e,'derly and infirm al their homes or al care h.omes Prayers are said for those who have asked for
them, and for tnose who are sick, bereaved and for those who have died. Prayers are included in the
inlercessions and a prayer list is included in the weekly pew sheets. A box is provided in church where prayer
requests can be left, to be included in the intercessions if needed, or to be prayed for by the Vicar during
weekly Morning Prayer.
The regular Friday concerts attract several residents of care horiies with their carers., and the lunches provided
in the church hall after the concerts provide a very happy opportunity for socialising with the wider community
and are a boon fof many elderly people living either by themselves or with partners and other family members
who are requiring an increasing level of support.
Following the challenging Winter of 2022-2023, when St Chad's responded to the Cost-of-Living crisis by
registering as a Warm Space, St Chad's has continued to work ecumenically with local churches to support
people facing challenges
Mission and Outreach
The Church building is normally open seven days per week between 8am and 4.30pm but Church members
also meet outside of these hours for Morning Prayer, other prayer meetings and discussion groups. They also
engage in activities to love and serve the wider community, for example. by sdpporting rough sleepers, either
with just a morning cup of lea and a porridge pot or by supporting them to contact the local housing team to
make arrangements for longer term accommodation and helping the individuals with their move to their new
accommodation and by delivering Harvest Festival and other offerings to the Ark and to drop off collection
points for the local Food Bank They also attend various Diocesan and Ecumenical meetings and support
other community outreach aclivities.
St Chad's places great importance on being a welcoming and inclusive church. Volunteer church stewards
welcome thousands of visitors to the church each year. They talk about both the hislory of the beautrful
building and about church activities and interests. Visitors are often invited to attend concerts, church events
and services. There is also a media screen that displays an informative video loop about St Chad's. This runs
Page 5

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST CHAD WITH ST MARY SHREWSBURY
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
each day and covers periods when the stewards are not in attendance. Church services and other events and
activities are publicised on the website and on other social media and the Parish Administrator In the church
office responds to enquiries daily.
St Chad's often hosts events for local schools and colleges. In 2024 it hosted graduation events for the Further
Colleges Education Group 11 has also hosted several school services and events These events are important
family events and there are always members of the congregation on hand to welcome attendee5 and provide
any assistance that they might need.
Many local and national musical groups held concerts at St Chad's in 2024. The Vicar, Churchwardens and
their helpers welcomed performers and attendees and often engaged with them over the provision of
refreshments during the interval, while the Vicar introauced each event.
St Chad's welcomed thousands of people lo the Church during its 2024 Christmas Tree Feslival. The
Christmas trees are sponsored by local businesses and many local schools and groups take advantage of the
beautifully decorated church to stage Nativity and other concerts. Attendees are welcomed to the Church by
members of the congregation and the church provided refreshments for some of the events which supplied
good opportunities to engage with the visitors.
The Church Hall is hired out to local groups for various activities, including youth groups, self-defence lessons,
and many other groups It is also often hired out for breaks between rehearsals before concerts in the church,
and for use by performers during concerts themselves. The hall also provides the base for the lunches that
follow the weekly Friday concerts.
Emergency food and vouchers for the homeless are available in the pastoral room for use on an ad hoc basis.
A signposting table and board in the vestibule directs people in need to possible sources of assistance.. to food
tables, to the Food Bank, to Age UK and Citizens Advice for help with revenue and benefit reviews and to other
agencies for help with unexpected bills or breakdowns. St Chad's is always ready to provide support and
welcome to those in need.
St Chad's mission giving for 2024 amounted to £620 and comprised a £500 donation to the Ark and £120 of
vouchers for food and personal care for local people in need. £100 of the cost of the vouchers was funded by
grant received from the St Chad's and St Alkmund's charity to provide food for the local homeless community.
hur
In common with many other churches. St Chad's occupies a fine historic building that is beautiful bul
expensive to maintain. Any building work needs to be in accordance with the Church building's Grade 1 listing.
In February 2024 the PCC approved setting aside £10,OQO of the Church's own funds for a comprehensive
repair of the leaking inner vestibule roof. The PCC is grateful to the Friends of St Chad's who have committed
£50,000 to this project. A grant application was submitted to the National Lottery Heritage Fund in early 2025.
A faculty has been granted for the project.
In 2024 St Chad's installed the first phase of wi-fi in the church, enabling St Chad's to offer a more diverse
range of activities and ministries.
The Church continues ils routine maintenance of the Church, the Church Hall, and other buildings.
Volunteer
St Chad's is very reliant upon the many volunteers who assist in the day to day running of the church. These
volunteers act as Church Stewards, servers, members of the choir that contributes so much to our services.,
members of the fabric team., members of the pastoral care team and as the sides persons who are on duty al
the three Sunday services We are also reliant on our volunteer bookkeeper and Treasurer. A team of flower
arrangers produce glorious floral displays which enhance our beautiful church. Special efforts are made for the
major church services and during the Shrewsbury Flower Show. We receive many visitors during its opening
days every August and provide a cool and welcoming space with refreshments, culminating in a special
service of Choral Evensong with a floral theme.
Page 6

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST CHAD WITH ST MARY SHREWSBURY
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
b. Investment policy and performance
St Chad's tangible freehold investment property comprises No 1 St Chad's Terrace and the Church Hall. Both
properties were revalued in 2022 by applying indexation factors to the previous 2016 valuation. The valuations
of both Pfoperties increased significantly. No 1 St Chad's Terrace was revalued at £621,819. The Church Hall
was valued at £276,364. Both properties are subject to Covenants regarding the use of any proceeds from the
sale of these properties. These properties are depreciated at 2 % per annum on a straight-line basis, giving rise
to an annual depreciation charge of £17,963 per annum.
St Chad's received a gross rent of £20,87012023, £21,000) from the assured short hold tenancies of No 1 St
Chad's Terrace and the old St Chad's Cottage and from licences to use associaled garages and yard (which
are owned by the Diocese of Lichfield but rented out by St Chad's).
Financlal review
a. Going concern
The accounts show a loss of £18,010, after charging depreciation on No 1 St Chad's Terrace and the Church
Hall. The pre-deprecation loss was £47.
After making appropriate enquiries, the Trustees believe that the charity has adequate resources to continue in
operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis
in preparing the financial statements.
b. R8s8rves pollcy
Unrestricted liquid reserves on 31 December 2024 amounted to £64,153 12023.. £65,695) which meets the
reserves policy to always hold a level of liquid reserves sufficient to meel three months, expenses1£58,003).
The PCC keeps a close watch on its levels of income and expenditure to maintain and gTOW its reserves so that
it can achieve its plans and objectives and flourish.
Structure, governance and management
a. Constitution
The PCC which is a reglstered charity number 1132443 is a corporate body established by Ihe Church of
England wilh perpetual succession and has a legal existence apart from the members who compose it. The
PCC operates under the Parochial Church Council Powers Measure (1956} as amended, and the Church
Representation Rules 2022.
The members of the PCC are the trustees of the charity.
The Vicar and Churchwardens are responsible with the PCC for the allocation of expenditure out of the income
of the church. The Vicar arid Churchwardens have no power to sell the freehold estate in the church. The PCC
is not the body with economic or financial benefit from the sale of Sl Chad's church or vicarage. For this reason,
neither property is included in the attached financial statemen.ts as a tangible fixed asset of St Chad's.
Possession ofthe church is vested in the Vicar and Churchwardensjointly. Possession ofthe Vicarage is vested
in the Vicar in accordance with section 1,1.1 of the Church Property Measure, 2018
Moveable furniture and ornaments are in the legal ownership ofthe Vicar and Churchwardens for the benefit of
the Pcb. Care, maintenance and insurance of the fabric of the churc￿, its goods and ornaments and other
structures are the responsibility of the PCC. The freeholds and cash deposited with the Central Board of Finance
ofthe Church of England are held, either as trustee of endowments or for assets of restricted funds or nominee
of the PCC for unrestricted assets, by the Lichfield Diocesan Trust, st Mary's House, The Close, Lichfield,
staffordshire, WS13 7LD.
Page 7

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST CHAD WITH ST MARY SHREWSBURY
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
b. Method of appolntment or electlon of Trustees
The method of appointment of PCC members is set out in the Church Representation Rules. All Church
attendees are encouraged to register on the Electoral Roll and stand for election lo the PCC.
The PCC members are responsible for making decisions on all matters of general concern and importance to
the parish including deciding on how the funds of the PCC are to be spent,
The full PCC met 7 times during the year. There is a Standing Committee of the PCC which is delegated to
discuss tasks and agree outcomes. The Standing Committee is fully responsible to the PCC and reports back
regularly with minutes of their deliberations being received by the full PCC and discussed, as necessary.
Policles adopted for the Induction and trainlng of Trustees
The Trustees provide training and advice to newly appointed Trustees. All Trustees have access to the
information and support provided by the Diocese of Lichfield and individual Trustees periodically attend meetings
to meet trustees of similar sized churches to discuss challenges and experience and share best practice.
d. Organlsatlonal structure and declslon maklng
Within the Diocese of Lichfield of the Church of England and the Shrewsbury and Wrekin Deanery, the parish is
organised in the conventional way with responsibility currently vested in the Vicar, Churchwardens, and the
pcc.
e. Rlsk management
The PCC has examined the major strategic, business, and operational risks which the charity faces and confirms
that systems have been established to manage the charity's exposure to the rnajof risks identified.
Plans for future perlods
The church has intentionally focused, and will continue, for the foreseeable future, to focus on clarifying its
mission objectives, strengthening administrative and organisational structures, and developing long term
stewardship (fundraising) goals, objectives, and strategies. This is likely be process that lasls for several years,
laying groundwork for future endeavours, not least of which is long term financial stability and missional success.
We have begun to redevelop education programming for adults and children and hope to expand on existing
opportunities as well as creating new programmes and resources for people of all ages to grow in their Christian
faith and commitment.
The church continues to develop partnerships within our Communiiy working with the RAF, with Shrewsbury
Town Council, The Ark, ano local school and Churches. We also support internationa5 projects. A member of
our congregation hosls monthly lunches to raise funds for a charity that provides medical support to Palestine.
The refurbishment of the Inner Vestibule roof will be a major project in 2025.
Safeguarding
PCC members have undertaken safeguarding training and they believe that they have fulfilled their duty under
section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have regard to House of Bishops,
guidance on safeguarding children and vulnerable adults).
Related Parties
Donations from related parties (PCC members and other Trustees) amounted to £13,80612023'. £17,238).
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL
PARISH OF ST CHAD WITH ST MARY SHREWSBURY
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
statement of the Parochial Church Council's responsibilities
The Trustees 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 Trustees to prepare financial statements for
each financial year which give a true and fair view of the state of affairs of the charity and of the incoming
resources and application of resources of the charity for that period preparing these financial statements,
the Trustees are required to..
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP,
make judgments and accounting estimates that are reasonable and prudent.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charity will continue in operation.
The Trust888 are responsible for keeping proper accounting records that are sufficient to show and explain the
charity's transactions and disclose with reasonable accuracy at any lime the financial position of the charity
and enable them to ensure that the financial statements comply with the Charities Acl 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the trust deed They are also responsibl8 for
safeguarding the assets of the charity and hence for taking reasonatsle steps for the prevention and detection
of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the charity and financial informalion
included on the charity's website. Legislation in the United Kingdom governing the preparation and
dissemination of financial statements may differ from legislation in other jurisdictions.
This report was approved by the Trustees on 31 May 2025 arid signed on their behalf by..
Susan Kynaston
Rachel Davles
Trustee
Trustee
Page 9

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST CHAD WITH
ST MARY SHREWSBURY
Independent examinerfs report to the trustees of The Parochial Church Council of the Ecclesiastical
Parish of St Chad with St Mary, Shrewsbury
I report to the charity trustees on my examination of the accounts of The Parochial Church Council of the
Ecclesiastical Parish of St Chad with St Mary, Shrewsbury (the Trust) for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance
with the requirements of the Charities Act 2011 1.the Ac+').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in
carrying out my examination I have followed all applicable Directions given by the Charity Commission under
Section 145{5){bl of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come lo my attention in
connection with the examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the Trust as required by Section 130 of the Act,. or
the accounts do not accord with those records., or
the accounts do not comply with the applicable requirements concerning ihe fomi and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a true and fair view which is not a matter considered as part of an
independenl examination.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of Ihe accounts to be
reached.
C Moelwyn-williams Bsc FCA
TCA {Shrewsbury} LLP
Third Floor
21 St Mary's Street
Shrewsbury
Shropshire
SY1 1ED
Date..
Page 10

THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST CHAD WITH
ST MARY SHREWS8URY
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
Total
funds
2023
Total
funds
Unrestricted
fund
Restricted Endowment
funds
fund
Notes
INCOME AND
ENDOWMENTS FROM
Donations and legacies
96,280
1,495
97,775
102,370
Church activities
19,427
19,427
22,058
Income from activities for
generating funds
75,928
75,928
75,255
Investment income
20,870
20,870
21,000
Total
212,505
1,495
214,000
220,683
EXPENDITURE ON
Aclivilies for generaling funds 6
32,249
32,249
29,605
Church activities
194,234
5,527
199,761
198.662
Total
226 483
5,527
232,010
228,267
NET
INCOMEI(EXPENOITURE)
113,978)
1,495
15,527>
(18,010)
{7,584)
RECONCILIATION OF
FUNDS
Total funds brought forward
675,078
270,837
945.915
953,499
TOTAL FUNDS CARRIED
FORWARD
661.100
1,495
265,310
927,905
945,915
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page11

THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST CHAD WITH
ST MARY SHREWSBURY
STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024
2024
2023
Notes
FIXED ASSETS
Tangible assets
12
862,257
880,220
CURRENT ASSETS
Stocks
Debtors
Cash al bank
13
14
3,000
24,281
44,886
3,000
17,757
55,097
72,167
75,854
CREDITORS
Amounts falling due within one year
15
{6,519)
{10,1591
NET CURRENT ASSETS
65,648
65,695
TOTAL ASSETS LESS CURRENT
LIABILITIES
927,905
945,915
NET ASSETS
927,905
945,915
FUNDS
Unrestricted funds
Restricted funds
Endowment funds
661,100
1,495
265,310
675,078
270,837
TOTAL FUNDS
927,905
945,915
The financial statements were approvgd by the Board of Trustees and authorised for issue on
.31...fft.4.2Q15,............. and were signed on its behalf by,
Susan Kynaslon -
stee
Rachel Davies - Trustee
The notes form part of these financial statements
Page 12

THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST CHAD WITH
ST MARY SHREWSBURY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP IFRS 1D21 'Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their accounts in accordance
with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102)
(effective 1 January 20191,. Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ire,and' and the Charities Act 2011. The financial statements
have been prepared under the historical cost convention.
The charity has taken advantage of the following disclosure exemptions in preparing these financial
statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland,:
the requirements of Section 7 Statement of Cash Flows.,
the requirement of paragraph 3.17{dl',
the requirements of paragraphs 11.42, 11.44, 11.45, 11,47, 11.48{alliii), 11.48{a)(iv), 11.48(bl
and 11.48lc)',
the requirements of paragraphs 12.26, 12.27, 12.29la), 12.29{bl and 12.29A',
the requirement of paragraph 33.7.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the
funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure, it is probable that a transfer of economic benefits will be
required in settlement and the amount of the obligation can be measured reliably. Expenditure is
accounted for on an accruals basis and has been classified under headings that aggregate all cost
related to the category. Where costs cannot be directly attributed lo particular headings they have
been allocaled to activities on a basis consistent with the use of resources.
Grants offered subject +0 conditions which have not been met at the year end date are noted as a
commitment but not accrued as expenditure.
Taxation
The charity is exempt from lax on its charitable activities,
Fund accountlng
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity
Restriciions arise when specified by the donor or when funds are raised for particular restricted
purposes.
Tne eridowed fund relates specifically to the value of the Parish Hall and the only transactions that are
treated as movements in the endowed funds are changes to its value such as annual depreciation
and movements on revaluation.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
Page 13
continued...

THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST CHAD WITH
ST MARY SHREWSBURY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES - continued
Pensions
The charity contribules to NEST pensions for those employees enrolled in the NEST pension scheme.
Contributions payable to the charity's pension scheme are charged to the Statement of Financial
Activities in the period to which they relate
Going concem
The accounts have been prepared on a going concern basis.
Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charity., this is normally upon notification of the interest paid or payable by the bank.
Debtors
Tfade or other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Llabilities and Provlsions
Liabilities are recognised when there is an obligation 81 the balance sheet date as a result of a past
event, it IS Pfobable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably Liabilities are recognised at the amount that the charity
anticipates it will pay to settle the debt or the amount it has received as advanced payments for the
goods or services it must provide. Provis ons are measured at the best estimate of the amounts
required to settle the obligation. Where the effect of the time value of money is material, the provision
is based on the present value of these amounts, discounted at the pre-tax discount rate Ihat reflecls
the risks specific to the liability. The unwinding of the discount is recognised within interest payable
and simi18r charges.
Financial Instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlemenl value,
DONATIONS AND LEGACIES
2024
Total
funds
2023
Total
funds
Unrestricted Restricted
funds
funds
Endowment
funds
Collections and
donations
Income lax recoverable
on gift aid
Legacies
Grants
Christian Stewardship
30,192
1,495
31,687
30,705
14,350
14,350
16,058
2,000
5,835
47,772
1,749
1,749
49,989
96,280
97,775
102,370
Page 14
continued...

THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST CHAD WITH
ST MARY SHREWSBURY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
DONATIONS AND LEGACIES - continued
Grants received, included in the above, are as follows..
2024
2023
Other grants
1,749
5,835
Grants receivable include grant income received from LPOW and The Diocese of Lichfield. (2023..
The Diocese of Lichfield, LPOW, Friends of St. Chad's and St Chad's and St Alkmund's Charity).
INCOME FROM ACTIVITIES FOR GENERATING FUNDS
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restricted
funds
Endowment
funds
Car park income
Concert income
Christmas tree festival
54,439
18,622
2,867
54,439
18,622
2,867
54,116
18,884
75,928
75,928
75,255
INVESTMENT INCOME
2024
Total
funds
2023
Total
funds
Unrestricted Restricted
funds
funds
Endowment
funds
Renls received
20,870
20,870
INCOME FROM CHURCH ACTIVITIES
2024
2023
Parish hall hire and refreshment sales
Fees
Hire of church
Other
5,438
2,092
9,967
1,930
6,216
1.289
12,784
1,769
19,427
22,058
Page 15
continued...

THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST CHAD WITH
ST MARY SHREWSBURY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
ACTIVITIES FOR GENERATING FUNDS
Costs of raising donations and legacies
2024
Total
funds
2023
Total
funds
Unrestricted Restricted
funds
funds
Endowment
funds
Staff costs
Concert expenses
Christmas tree festival
21,601
8,618
2,030
21,601
8,618
2,030
20,137
7,708
1,760
32,249
32,249
29,605
CHARITABLE ACTIVITIES COSTS
Direct
Costs {see
note 81
Granl
funding of
activities
Totals
General
199 141
620
199,761
The grant funding of activities included a grant of £500 to The Shrewsbury Ark and £120 of food and
toiletries vouchers for the homeless and vulnerable members of our community. (2023.. £100 of food
vouchers for the local people in needl.
DIRECT COSTS OF CHARITABLE ACTIVITIES
2024
2023
Wages and salaries
Cost of church services
Music and choir costs
Organists fees
Property rental costs
Insurance
Gas, electricity and water
Office, phone & computer costs
Parish share
Clergy expenses
Repairs and premises costs
Other professional fees
Other expenses
Mission giving from Church resources
Depreciation
Interest payable, transaction fees and Similar charges
51,411
1,296
4,692
3,350
144
12,619
15,314
8,684
59,637
5,178
14,842
2,340
44,368
1.962
5,197
3,365
144
11,815
17,055
8,438
58,467
5,023
18,688
2,460
110
2,916
17,963
591
17,963
199,141
198 562
Page 16
continued...

THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST CHAD WITH
ST MARY SHREWSBURY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for
the year ended 31 December 2023.
Trustees. expenses
There were no trustees, expenses paid for the year ended 31 December 2024 nor for the year ended
31 December 2023.
10. STAFF COSTS
2024
2023
Wages and salaries
Other pension costs
71,767
1,245
63,427
1,078
73,012
64,505
The average monthly number of employees during the year was as follows..
2024
io
2023
10
Tolal staff
No employees received emoluments in excess of £60,000.
The average headcount in 2024 as expressed as a full time equivalent is 2.5 (2023.. 2.5)
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted Er,dowment
fund
funds
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
102,270
ioa
102,370
Church activities
Parish Hall hire and refreshment sales
Fees
Hire of Church
6,216
1,289
12,784
6,216
1,289
12,784
Other
1,769
1,769
Income from activities for generating
funds
Investment income
75,255
75,255
21,000
Total
220,583
100
220,683
EXPENDITURE ON
Activities for generating funds
29,605
29,605
Church activities
General
193,035
100
5,527
198,662
Total
222,640
100
5,527
228,267
Page 17
continued...

THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST CHAD WITH
ST MARY SHREWSBURY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Endowment
fund
funds
fund
Total
funds
NET INCOMEI(EXPENDITUREI
(2,057)
(5,527)
17,5841
RECONCILIATION OF FUNDS
Total funds brought fO￿ard
677,135
276,364
953,499
TOTAL FUNDS CARRIED FORWARD
675,078
270 837
945,915
12. TANGIBLE FIXED ASSETS
Nc1SI
Chad's
Terrace
Church
Hall
Totals
COST OR VALUATION
At 1 January 2024 and
31 December 2024
621,819
276,364
898,183
DEPRECIATION
At 1 January 2024
Charge for year
12,436
12,436
5,527
5,527
17,963
17,963
At 31 December 2024
24,872
11,054
35,926
NET BOOK VALUE
At 31 December 2024
596 947
265,310
862,257
At 31 December 2023
609,383
270 837
880,220
Cost or valuation at 31 December 2024 is represented by..
No1 St
Chad's
Terrace
Church
Hall
Totals
Valualion in 2021
Revaluation in 2022
450,000
171,819
200,000
76,364
650,000
248,183
621,819
276,364
898.183
The freehold property comprise5 St Chad's Terrace (Valuation £450,000 and Nel book value
£609.383 and The Parish Hall (Valuation £200,000 and Net book value £270,837).
The land and buildings were revalued in 2022 based on an indexation model. The previous
revaluation was prepared on 1 April 2016. The PCC policy is to revalue the land and buildings every
two to five years.
Page 18
continued...

THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST CHAD WITH
ST MARY SHREWSBURY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
13. STOCKS
2024
2023
Stocks
3,000
3,000
14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Other debtors
24,281
17,757
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Other creditors
6,519
16. ANALYSIS OF NET ASSETS BETWEEN FUNDS
2024
Total
funds
2023
Total
funds
Unrestricted Restricted Endowment
fund
funds
fund
Fixed assets
Current assets
Ci'rrent liabilities
596,947
70,672
6,5191
265,310
862,257
72,167
6,519)
880,220
75,854
10,159)
1,495
661,100
1,495
265 310
927,905
945,915
17. MOVEMENT IN FUNDS
Nel
movement
in funds
At
31.12.24
At1,1.24
Unrestricted funds
General fund
675,078
(13,978}
661,100
Restricted funds
Raise our Roof
1,495
1,495
Endowment funds
Parish Hall
270,837
(5.527)
265,310
TOTAL FUNDS
945,915
18,010)
927 905
Page19
continued...

THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST CHAD WITH
ST MARY SHREWSBURY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
17.
MOVEMENT IN FUNDS- contlnued
Nel movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
212,505
1226,483)
113,978)
Restricted funds
Raise our Roof
1,495
1,495
Endowment funds
Parish Hall
15,5271
15,5271
TOTAL FUNDS
214,000
232,0101
18,010}
Comparatives for movement In funds
Net
movement
in funds
At
31.12.23
At1.1.23
Unrestricted funds
General fund
677,135
(2,057}
675,078
Endowment funds
Parish Hall
276,364
15,5271
270,837
TOTAL FUNDS
953,499
7,5841
945,915
Comparative net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
220,583
1222,640)
(2,057)
Restricted funds
Mission Giving
100
{100)
Endowment funds
Parish Hall
15,5271
15,527>
TOTAL FUNDS
220,683
228,2671
7,5841
Page 20
continued...

THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST CHAD WITH
ST MARY SHREWSBURY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
17. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as fo51ows'.
Net
movement
in funds
At
31.12.24
At 1.1.23
Unrestricted funds
General fund
677,135
(16,035)
661,100
Restricted funds
Raise our Roof
1,495
1,495
Endowment funds
Parish Hall
276,364
(11,054)
265,310
TOTAL FUNDS
953,499
25,5941
927,905
A current year 12 months and prior year 12 months combined net movement in funds, included in the
above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
433,088
{449,123)
{16,035)
Restricted funds
Mission Giving
Raise our Roof
100
1,495
{lOOJ
1,495
1,595
{100)
1,495
Endowment funds
Parish Hall
(11,054}
(11,0541
TOTAL FUNDS
434,683
460,277>
25,594)
The Mission Giving Fund includes a grant from St Chad's and St Alkmunds of £100 received in 2023
that was Ltsed to buy food vouchers for the local homeless people. This was spent in full in 2023.
The 'Raise our Roof restricted fund relates to funding received for the repair and replacement of the
roof over the inner vestibule
The Parish Hall Fund relates to the value of the Parish Hall and the endowed fund movement relates
to the depreciation charge on the hall.
There is a policy to revalue the land and buildings, inclLJding the hall, every two io five years as stated
in the fixed asset note and the balance of the endowed funds will therefore rise or fall based on those
revaluations. The hall was revalued last financial year based on an indexation model and the gain was
reflected in the rise in endowed funds {Last revaluation performed 31 December 2022)
Page 21
continued...

THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF ST CHAD WITH
ST MARY SHREWSBURY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
18. EMPLOYEE BENEFIT OBLIGATIONS
The charity operates 8 defined contribution pension scheme. The assets of the scheme are held
separately from those of the charity in an independently administered fund. The pension cost charge
represents contributions payable by the charity to the fund and amounted to £1,245 {2023'. £1,078)
Contributions totalling £nil12023.' £nill were payable to the fund al the balance sheet dale.
19. RELATED PARTY DISCLOSURES
Donations were received in the year to 31 December 2024 from Trustees and Parochial Church
Council members to the value of £13,806.12023'. £7,238)
Page 22