OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-12-31-accounts

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 2025

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 2025

Page
Reference and Administrative Details 1 to 2
Trustees' Report 3 to 10
Independent Examiner's Report 11
Statement of Financial Activities 12
Statement of Financial Position 13
Notes to the Financial Statements 14 to 24

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 2025

Clergy

The Revd Samuel Mann

Churchwardens

Rachel Davies Susan Kelly (resigned 11 May 2025) Susan Kynsaton (appointed 11 May 2025)

Deanery Synod Representatives

Elinor Richardson (appointed 11 May 2025, resigned 10 May 2026) Vyvyan Llewellyn (appointed 11 May 2025, resigned 10 May 2026) Susan Kynaston (resigned 11 May 2025) Scott Rosenberg (appointed 10 May 2026) Michael Bradbury (appointed 10 May 2026)

Parochial Church Council ("PCC") Members

Susan Kelly (resigned 11 May 2025) Rachel Davies Susan Kynaston (Church Treasurer) Michael Vout (resigned 31 July 2025) Lindsay Vout (resigned 10 May 2026) Penny Walker (appointed 11 May 2025, resigned 10 May 2026) Vyvyan Llewellyn Rachel Cama (resigned 10 May 2026) Peter Flint Lynne Addison (resigned 11 May 2025) Nick Paterson (resigned 31 December 2025) Stephen Bristow (appointed 11 May 2025) Sarah Doyle (appointed 11 May 2025, resigned 10 May 2026) Abigail Grainger (appointed 11 May 2025) Elinor Richardson (appointed 11 May 2025) Scott Rosenberg (appointed 10 May 2026) Michael Bradbury (appointed 10 May 2026)

St Alkmund's Representative – Jane Thompson

St Chad's Representative for St Alkmund's - Lindsay Vout (resigned 10 May 2026) - Scott Rosenberg (appointed 10 May 2026)

Safeguarding officer - Nina Tweddle

Electoral roll officer - Susan Kelly

Page 1

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 2025

PRINCIPAL ADDRESS SY1 1JL REGISTERED CHARITY NUMBER 1132443

1 St Chad's Terrace Shrewsbury Shropshire SY1 1JL

INDEPENDENT EXAMINER TCA (Shrewsbury) 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 2025

The Trustees present their annual report together with the financial statements of the charity for the year ended 31 December 2025.

Objectives and Activities

a. Policies and objectives

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 a safe place. There is a dedicated safeguarding officer, prominent safeguarding 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 to 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 charity 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 developing relationship with RAF Shawbury is an example of this.

b. Activities for achieving objectives

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 community. 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, which welcome members of the wider community who don’t necessarily attend every Sunday.

St Chad’s welcomes other groups from both within and beyond the parish for worship and for visits to the church. St Chad’s plans activities and events to engage with and love and serve the wider community and show, by example, what it means to be part of a loving Christian community.

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 2025

When 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.

St Chad’s enables ordinary people to live out their faith as part of our parish community through:

St Chad’s maintains the fabric of the Church and other buildings in order to be able to achieve many of its objectives.

c. Public benefit

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 will help to promote the pastoral, 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:

Achievements and performance

a. Review of activities

Worship, Prayer and Expressions of Faith

Normal Church Services and events continued throughout 2025. The church holds three services each Sunday and a recently introduced 10.30am Tuesday Eucharist and weekly lay-led 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 The Ark, the local homeless shelter 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.

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 2025

Daylight, 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 of faith and to hear accounts from people facing a variety of day-to-day challenges, both locally and around the world. Daylight helps to remind St Chad’s of its inclusion in the global Christian community, calling to mind the experience and plight of Christians around the world.

St Chad’s hosted a successful 2025 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 to capacity 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 Christmas Eve and Christmas Day Services.

Baptisms, Weddings, and funeral services were held in the church throughout the year. In 2025 there were 14 baptisms (2024: 6), 4 weddings (2024: 2), 1 wedding blessing (2024: 1) 7 funerals (2024: 17) and 3 burials of ashes in the Churchyard (2024: 0). St Chad’s realises that these occasions are very important occasions for families and friends and the Vicar, other clergy, and Church Wardens work hard to engage with and support families, couples and the bereaved in the weeks and months surrounding such services.

The electoral roll stands at 103 (2024: 106).

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 supervision of the Vicar and Church Wardens, to support those in need and those who have requested care with visits (including the taking of home communion) being made to the elderly and infirm at their homes or at care homes. Prayers are said for those who have asked for them, and for those who are sick, bereaved and for those who have died. Prayers are included in the intercessions, 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 homes 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 for 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.

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 2025

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 supporting rough sleepers, either with just a morning cup of tea and a porridge pot or by supporting them to contact the local housing team to make arrangements for longer term 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 activities.

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 history of the beautiful 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 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 2025 it hosted graduation events for the Further Colleges Education Group. It 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 attendees and provide any assistance that they might need.

Many local and national musical groups held concerts at St Chad’s in 2025. 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 introduced each event.

St Chad’s welcomed thousands of people to the Church during its 2025 Christmas Tree Festival. 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 Concern 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.

Church Building

In common with many other churches, St Chad’s occupies a fine historic building that is beautiful but 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 £10,000 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 faculty has been granted for the project. An initial grant application to the National Lottery Heritage Fund in early 2025 was rejected but with a request to provide actual bidder costings for the work. The Church architect has worked to obtain costed bids from four companies, and a further grant application will be made later in 2026.

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 2025

In 2025 St Chad’s completed the final phase of wi-fi in the church, enabling St Chad’s to offer a more diverse range of activities and ministries.

The Church continues its routine maintenance of the Church, the Church Hall, and other buildings. The Church has recently undertaken a comprehensive Fire Risk Assessment and is working on its Fire Risk Action Plan which also incorporates updated evacuation planning to comply with Martyn’s law.

Volunteers

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 members of the fabric team, members of the pastoral care team and as the sides persons who are on duty at the three Sunday services. We are also reliant on our volunteer bookkeeper and Treasurer. A team of flower arrangers produce floral displays which enhance our beautiful church. Special efforts are made for the major church services and there is a team of wonderful volunteers who steward and provided lunches for the very popular Friday Concerts.

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 properties 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 £20,572 (2024: £20,870) 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 associated garages and yard (which are owned by the Diocese of Lichfield but rented out by St Chad's).

Financial review

a. Going concern

The 2025 accounts report net income of £63,721, compared to a loss of £18,010 in 2024. This was largely due to increased legacy income in 2025. 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. Reserves policy

Unrestricted liquid reserves on 31 December 2025 amounted to £140,089 (2024: £64,153) which meets the reserves policy to always hold a level of liquid reserves sufficient to meet three months’ expenses of £64,233 (2024: £58,003).

The PCC keeps a close watch on its levels of income and expenditure to maintain and grow its reserves so that it can achieve its plans and objectives and flourish.

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 2025

Structure, governance and management

a. Constitution

The PCC which is a registered charity number 1132443 is a corporate body established by the Church of England with 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 and 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 St Chad’s church or vicarage. For this reason, neither property is included in the attached financial statements as a tangible fixed asset of St Chad’s. Possession of the church is vested in the Vicar. Possession of the 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 of the Vicar and Churchwardens for the benefit of the PCC. Care, maintenance and insurance of the fabric of the church, its goods and ornaments and other structures are the responsibility of the PCC. The freeholds and cash deposited with the Central Board of Finance of the 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.

b. Method of appointment or election 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 to 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 nine 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.

c. Policies adopted for the induction and training 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. Organisational structure and decision making

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.

Page 8

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CHAD WITH

ST MARY, SHREWSBURY

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025

e. Risk 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 major risks identified.

Plans for future periods

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 lasts 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 community working with the RAF, with Shrewsbury Town Council, The Ark, and local schools and Churches. We also support international projects. A member of our congregation hosts monthly lunches to raise funds for a charity that provides medical support to Palestinians in Gaza, the West Bank and the refugee camps in Lebanon.

The refurbishment of the Inner Vestibule roof will be a major project in 2026.

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 £14,055 (2024: £13,806).

Page 9

THE PAROCHIAL CH RCH COUNCIL FTHE ECCLESIASTICAL PARISH OF ST CHAD WITH ST MARY SHREWSBURY TRUSTEES REPORT EYEAR ENDED 31 DEC MBER 2025 Statement of the Parochial Church Councll's responsibilities The Trustees are responsible for preparing the Trustees, report and the financial slalemenls in accordance with applicable18w and United Kingdom Accounting Standards (United Kingdom Generally Aecepted Accounting Pra¢li¢el. The law applicable to charities in England & Wales requires the Trust8es lo prepafe financial slalernenls for each financial year which give a tru8 and fair viéw of the slate of affairs of the charity and of tha incoming resources and application of resourc85 of th& charity for that period. In preparing th￿ financial st81emenls, tha Trustees ara required lo.. seleel Suitable accounting polieigs and then apply them consislenlly., observ8 the methods and principles in the Charitiès SORP., make judgments and accounting eslirnates that are reasonable and prud•nt,' prepare the financial slalemenls on th• going concern basi$ unl&ss it is ineppropriala lo pr•sume that the charity will continue in operation. Tho Trustees are re$pon$ible for keeping proper a¢¢ounling records that are SLrfficienl lo show and 6xplain th8 charity'$ transactions and diselo$• with reasonable accura￿ at any lime the financial position of the charity and enable Ihgm lo ensure that tho financial statements comply with the Charities Act 2011, the Charity (Accounts and Reportsl Rogulalions 2008 and tho provisKJns of the trust deed. They are also responsible for safeguarding th8 assets of tho ¢hartty and hence for taking reasonable Steps for the prev8nlion and detection of fraud and olh8r irr8gularilies. The Trustees are ro$ponsibl& for the maintenance and integrity of tha charity and financial information included on th8 charity's website. Legislation in the Unrted Kingdom governing the preparation and dissemination of financial statements may drffor Irom legislation in olh8rjurisdiclions. This report was approved by tha Truste8s on ...... and signed on their behalf by.. Sulan Kyna8ton Tru¥te• Rachol Da¥lo8 Trustee Pag810

INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CHAD VIITH ST MARY SHREWSBURY Independent examiner's reportto thg trust￿8 of Tho P•roehlal Church Counell ofth• Eecl•siastical Parish of St Chad with St Mary, Shrewsbury report to the charity trustees on my examination of the accAJunls of The Parochial Church Council of the Ecclesiastical Parish of Sl Chad with Sl Mary. Shrewsbury Ilhe Tw$tl lor thè year ended 31 December 2025. Respon¥ibilitie8 and baskN of report AS the Charity Iruslees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements ol the Charities Act 20111'the Act'l. I report in respect of my examination ollhe Tru51's account5 carried out under Section 145 of the Act and in carrying out my ex8minatlon I h8v• followd all appli¢abl• Diraetions gwen by the Charity Cornmission under Sectlon 1451511bl ol the Act. Independent ox#mln•rf• ¥tstsmnt Sin¥e your ¢h8rity's gross inctsme exceeded £250,000 your examiner musl be a member of a listed b¢dy. l Can confirm that l am qualified to undertake the examination because l am a m•mber of th• Inslltule of Chartergd Accountsnls England 3nd Wale$, which is one of the list$d bodies. I havo Completed my examinotion. I confirm that no material matter$ have come lo my attention In connection w the examination giving me cause to believe that In any mal•rial r•sp•¢l'. 0¢￿￿ntIng reeord$ wgre not kept in respect of the Tru8188 required by Se¢tlon 130 olthe Act,. or the accounts do not accord wllh those records.. or the accounts do not comply with the applicable requiremonlg concerning the form and content of accounts sel out in the Charitie5 (Accounts and Reports) Regulations 2008 other than any requirement that the 4¢counl$ give a true and fair view which is not a matter considered as part of an indepèndent examination. I have no concerns and have come across no other matters in conne¢tion with the examination to which attention should b• drawn In this report in ordr to enablè a proper understanding of the accounts lo be reached. C Moewnwwilllams Bsc FCA TCA IShrew8buryi LLP Third Floor 21 St Mary's Street Shrewsbury Shropshire SY1 1ED Dale.. .l....J.v.n.e...lQ..26 Page 11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CHAD WITH ST MARY, SHREWSBURY

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025

INCOME AND
Notes
Unrestricted
fund
£
ENDOWMENTS FROM
Donations and legacies
2
197,655
Church activities
5
16,710
Income from activities for
generating funds
3
79,966
Investment income
4
20,572
Total
314,903
EXPENDITURE ON
Activities for generating funds
6
39,012
Church activities
General
7
212,391
Total
251,403
NET
INCOME/(EXPENDITURE)
63,500
RECONCILIATION OF
FUNDS
Total funds brought forward
661,100
TOTAL FUNDS CARRIED
FORWARD
724,600		 Restricted
funds
£
Endowment
fund
£
5,728
-
-
-
20
-
-
-
5,748
-
-
-
-
5,527
-
5,527
5,748
(5,527)
1,495
265,310
7,243
259,783		 2025
Total
funds
£
203,383
16,710
79,986
20,572
320,651
39,012
217,918
256,930
63,721
927,905
991,626		 2024
Total
funds
£
97,775
19,427
75,928
20,870
214,000
32,249
199,761
232,010
(18,010)
945,915
927,905

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 12

THE PAR CHIAL CHURCH COUNC LOFT ECCLESIASTICAL PARISH OF ST CHAD WITH ST MARY SHREWS8 RY TATEMENT F FINANC AL I DECEMBER 20 2025 2024 Notes FIXED ASSETS Tangible assets 12 844,294 862.257 CURRENT ASSETS Stocks Debtors Cash at bank 13 14 3,OCQ 24.281 44,886 31,107 119,050 153,157 72.167 CREDITORS Amounts falling due within ono year 15 15.8251 16,5191 NET CURRENT ASSETS 147.332 65,648 TOTALASSETS LESS CURRENT UABILITIES 991,626 927,905 NET ASSETS 991,626 27,905 FUNDS Unreslrrled funds RestrKted fvnds Endcwmenl funds 17 724,600 7,243 259,783 661,1CQ 1,495 265,310 TOTAL FUNDS 991,628 927.gJS The financial slalements wère approved by the Board of Trustees and aLrthoris8d f¢f issue . and were Signed on 11$ behalf by.. on Susan Kynaston- Trustee Rachel Davk? The notos fomi part ofthes6 financial slalemenls Pag8 13

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 2025

1. 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 (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' 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':

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 to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to 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 tax on its charitable activities.

Fund accounting

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. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

The endowed 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 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 2025

1. ACCOUNTING POLICIES - continued

Pensions

The charity contributes 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 concern

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

Trade 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.

Liabilities and Provisions

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable 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. Provisions 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 that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar 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 settlement value.

2. DONATIONS AND LEGACIES

Unrestricted
funds
£
Collections and
donations
36,551
Income tax recoverable
on gift aid
18,008
Legacies
85,040
Grants (incl'g payroll
cont'n)
4,703
Christian Stewardship
53,353
197,655		 Restricted
Endowment
funds
funds
£
£
5,603
-
125
-
-
-
-
-
-
-
5,728
-		 2025
Total
funds
£
42,154
18,133
85,040
4,703
53,353
203,383		 2024
Total
funds
£
31,687
14,350
-
1,749
49,989
97,775

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 2025

2. DONATIONS AND LEGACIES - continued

Grants received, included in the above, are as follows:

Other grants
Local authority grants

 2025
2024
£
£
4,203
1,749
500 -
4,703 1,749

Other grants receivable include grant income received from LPOW, LDBF, St Chad's and St Alkmund's Charity. (2024: LPOW and The Diocese of Lichfield).

Included within Local authority grant income is £500 received from Shrewsbury Town Council; funding received from the Government and Local Authorities during the year. Apart from the employment allowance credit against Employers National Insurance, the charity has received no other financial assistance from the government.

3. INCOME FROM ACTIVITIES FOR GENERATING FUNDS

Unrestricted
Restricted
Endowment
funds
funds
funds
£
£
£
Car park income
52,928
-
-
Concert income
23,395
20
-
Christmas tree festival
3,643
-
-
79,966
20
-
INVESTMENT INCOME
Unrestricted
Restricted
Endowment
funds
funds
funds
£
£
£
Rents received
20,572
-
-		 2025
Total
funds
£
52,928
23,415
3,643
79,986
2025
Total
funds
£
20,572		 2024
Total
funds
£
54,439
18,622
2,867
75,928
2024
Total
funds
£
20,870

4. INVESTMENT INCOME

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 2025

5. INCOME FROM CHURCH ACTIVITIES

5.
INCOME FROM CHURCH ACTIVITIES
2025 2024
£ £
Parish hall hire and refreshment sales 5,334 5,438
Fees 2,218 2,092
Hire of church 8,770 9,967
Other 388 1,930
16,710 19,427
5.
INCOME FROM CHURCH ACTIVITIES		 5.
INCOME FROM CHURCH ACTIVITIES		 5.
INCOME FROM CHURCH ACTIVITIES
Parish hall hire and refreshment sales
Fees
Hire of church
Other		 2025
£
5,334
2,218
8,770
388
16,710		 2024
£
5,438
2,092
9,967
1,930
19,427
ACTIVITIES FOR GENERATING FUNDS
Costs of raising donations and legacies
Unrestricted
Restricted
Endowment
funds
funds
funds
£
£
£
Staff costs
23,116
-
-
Concert expenses
13,916
-
-
Christmas tree festival
1,980
-
-
39,012
-
-
CHARITABLE ACTIVITIES COSTS
General		 2025
2024
Total
funds
£
Total
funds
£
23,116
21,601
13,916
8,618
1,980
2,030
39,012
32,249
Direct
Costs (see
note 8)
£
217,918

6. ACTIVITIES FOR GENERATING FUNDS Costs of raising donations and legacies

7. CHARITABLE ACTIVITIES COSTS

General

In the year ended 31 December 2025 there was no grant funding of activities. (2024: £500 to The Shrewsbury Ark and £120 of food and toiletries vouchers for the homeless and vulnerable members of our community).

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 2025

8. DIRECT COSTS OF CHARITABLE ACTIVITIES

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
Depreciation
Interest payable, transaction fees and similar charges		 2025
£
53,190
2,591
5,524
3,505
99
12,941
17,739
11,685
60,827
3,666
24,975
2,340
17,963
873
217,918		 2024
£
51,411
1,296
4,692
3,350
144
12,619
15,314
8,684
59,637
5,178
14,842
2,340
17,963
1,671
199,141

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024.

10. STAFF COSTS

STAFF COSTS
Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
Total staff
No employees received emoluments in excess of £60,000.		 2025
£
74,998
1,308
76,306
2025
10		 2024
£
71,767
1,245
73,012
2024
10

The average headcount in 2025 as expressed as a full time equivalent is 2.5 (2024: 2.5)

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 2025

11. 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Unrestricted
fund
£
Donations and legacies
96,280
Church activities
Parish Hall hire and refreshment sales
5,438
Fees
Hire of Church
2,092
9,967
Other
1,930
Income from activities for generating funds
75,928
Investment income
20,870
Total
212,505
EXPENDITURE ON
Activities for generating funds
32,249
Church activities
General
194,234
Total
226,483
NET INCOME/(EXPENDITURE)
(13,978)
RECONCILIATION OF FUNDS
Total funds brought forward
675,078
TOTAL FUNDS CARRIED FORWARD
661,100		 Restricted
funds
£
Endowment
fund
£
1,495
-
-
-
-
-
-
-
-
-
-
-
-
-
1,495
-
-
-
-
5,527
-
5,527
1,495
(5,527)
-
270,837
1,495
265,310		 Total
funds
£
97,775
5,438
2,092
9,967
1,930
75,928
20,870
214,000
32,249
199,761
232,010
(18,010)
945,915
927,905

Page 19

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 2025

12. TANGIBLE FIXED ASSETS

COST OR VALUATION
At 1 January 2025 and 31 December 2025
DEPRECIATION
At 1 January 2025
Charge for year
At 31 December 2025
NET BOOK VALUE
At 31 December 2025
At 31 December 2024
Cost or valuation at 31 December 2025 is represented by:
Valuation in 2021
Revaluation in 2022
Valuation in 2022		 No 1 St
Chad's
Terrace
£
621,819
24,872
12,436
37,308
584,511
596,947
No 1 St
Chad's
Terrace
£
450,000
171,819
621,819		 Church
Hall
£
276,364
11,054
5,527
16,581
259,783
265,310
Church
Hall
£
200,000
76,364
276,364		 Totals
£
898,183
35,926
17,963
53,889
844,294
862,257
Totals
£
650,000
248,183
898,183

The freehold property comprises St Chad's Terrace (Valuation £621,819 and Net book value £584,511 and The Parish Hall (Valuation £276,364 and Net book value £259,783).

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.

13. STOCKS

STOCKS
2025 2024
£ £
Stocks 3,000 3,000

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 2025

14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
16.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Restricted
Endowment
Fixed assets
fund
£
584,511
funds
£
-
fund
£
259,783
Current assets
145,914
7,243
-
Current liabilities
(5,825)
-
-
724,600
7,243
259,783
17.
MOVEMENT IN FUNDS
Unrestricted funds
At 1.1.25
£
General fund
661,100
Restricted funds
Raise our Roof
1,495
Endowment funds
Parish Hall
265,310
TOTAL FUNDS
927,905		 2025
£
31,107
2025
£
5,825
2025
Total
funds
£
844,294
153,157
(5,825)
991,626
Net
movement
in funds
£
63,500
5,748
(5,527)
63,721		 2024
£
24,281
2024
£
6,519
2024
Total
funds
£
862,257
72,167
(6,519)
927,905
At
31.12.25
£
724,600
7,243
259,783
991,626

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 2025

17. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Raise our Roof
Endowment funds
Parish Hall
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Raise our Roof
Endowment funds
Parish Hall
TOTAL FUNDS		 Incoming
resources
£
314,903
5,748
-
320,651
At 1.1.24
£
675,078
-
270,837
945,915		 Resources
expended
£
Movement
in funds
£
(251,403)
63,500
-
5,748
(5,527)
(5,527)
(256,930)
63,721
Net
movement
At
in funds
£
31.12.24
£
(13,978)
661,100
1,495
1,495
(5,527)
265,310
(18,010)
927,905

Page 22

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 2025

17. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 212,505 (226,483) (13,978)
Restricted funds
Raise our Roof 1,495 - 1,495
Endowment funds
Parish Hall - (5,527) (5,527)
TOTAL FUNDS 214,000 (232,010) (18,010)
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds At 1.1.24
£		 Net
movement
in funds
£		 At
31.12.25
£
General fund 675,078 49,522 724,600
Restricted funds
Raise our Roof - 7,243 7,243
Endowment funds
Parish Hall 270,837 (11,054) 259,783
TOTAL FUNDS 945,915 45,711 991,626

Page 23

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 2025

17. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Raise our Roof
Endowment funds
Parish Hall
TOTAL FUNDS		 Incoming
resources
£
527,408
7,243
-
534,651		 Resources
expended
£
Movement
in funds
£
(477,886)
49,522
-
7,243
(11,054)
(11,054)
(488,940)
45,711

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, including the hall, every two to 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 2 years ago based on an indexation model and the gain was reflected in the rise in endowed funds. (Last revaluation performed 31 December 2022)

18. EMPLOYEE BENEFIT OBLIGATIONS

The charity operates a 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 £1,308 (2024: £1,245). Contributions totalling £nil (2024: £nil) were payable to the fund at the balance sheet date.

19. RELATED PARTY DISCLOSURES

Donations were received in the year to 31 December 2025 from Trustees and Parochial Church Council members to the value of £14,055. (2024: £13,806)

During the year £75 donation was received from The Friends of Saint Chad's Shrewbury, Trustee P Flint is a Trustee of The Friends of Saint Chad's Shrewsbury.

Page 24