Annual Report and Consolidated Financial Statements of the Parochial Church Council of the Parish of The Holy Cross, Shrewsbury The Abbey Church of St Peter and St Paul, Abbey Foregate with St Peter's Church, Monkmoor Road st For the year ended 31 December 2022 Charity reglstrutlon number.. 1149972
The Parochial Church Council of the Parish of The Holy Cross, Shrewsbury The Abbey Church of St Peter and St Paul, Abbey Foregate with St Peterfs Church, Monkmoor Road TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST DECEMBER 2022 Charlty reglstratlon number.. 1149972 Objertives and Activities The Parochial Church Council of Holy Cross Shrewsbury (the PCCI ha5 the responsibility of co- operating with the incumbent (the Reverend Dr Tom Atfield until 25 May 2022, thereafter during sequestration the churchwardens jointly) in promoting the ecclesiastical parish, the whole mission of the Church. pastoral, evarigelical, social and ecumenical. The PCC is also spiritually responsible for the maintenance of the churches. The PCC is committed to ellabling as many people as possible to worship in our churches and to become part of our parish community at Holy Cr05s, Shrew5bury. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer, scripture. music and sacrament. Also, through non-sacramental activities of hospitality and fellowship we aim to reach non-churched members of the community. Public Beneflt The trustees of the PCC are aware of the Charity Commission's guidance on public benefit in The Advancement of Religion for the Public Benefit and have had regard to it in their administration of the Charity. The trustees believe that, by promoting the work of the Church of England in the Ecclesiastical Parish of The Holy Cross Shrewsbury it helps to promote the whole mission of the Church (pastoral, evangelistic, social and ecumenicall more effectively, within the Ecclesiastical Parish, and that in doing so it provides a benefit to the public by.. Providing facilities for public worship, pastoral care and spiritual, moral and intellectual development, both for its members and for anyone who wishes to benefit from what the Church offer5; and
Promoting Christian value5 and service by members of the Church in and to thelr communities, to the benefit of individua15 and society as a whole. The PCC is specifically responsible for the maintenance of the Abbey, St Petels and the parish hall on the St Peterfs site. Achievements and Performance Worship and Services The average weekly attendance at services prior to the Covid 19 lockdown was 100 inclusive of visitors at the Abbey Sunday morning service. ShrewsburyAbbev In 2022, the average weekly attendance at Sunday services at 5hrewsbury Abbey was 68 adults and 3 children. Attendance at seryices on Easter Day and vigil service on Easter Eve was 142 (including 105 communicants). Attendance at services during Advent for the congregation and local community was 459 Attendance at services for Advent specifically for school and civic organisations was 240 Number of Communicants at any seNice on Christmas Eve or Christmas Day was 250 Total number (including communicants) attending worship at any Service on Christmas Eve or Christmas Day (including Crib and nativity seryices held on Christmas Evel was 940 St. Peterf5 Church, Monkmoor Average weekly attendance at Sunday services at St. Peterfs was 25 adults. Attendance at services on Easter Day and vigil service on Easter Eve was 43 lineluding 41 communicants) Attendance at services during Advent for the congregation and local community was 75 Number of Communicants at any seNice on Christmas Eve or Christmas Day was 29 Total number (including communicants) attending worship at any service on Christmas Eve or Christmas Day was 29. Flnancial Review Overview The consolidated accounts for the year ended 31" December 2022 are attached to this report. The unrestricted funds show a deficit for the year of £23,79012021'. deficit £55,527) for the year. The Parish continues to recover from the financlal difficultles caused by the Covid pandemic and subsequent lock downs, particularly affecting levels of income during both 2020 and 2021. Normal activities have now been resumed - see the statement under the headin8 Going Concern in the accounting policies section of the Statement of Accounts.
The Parish committed to paying 41yA of its 2022 Common Fund requested but the amount committed1£18,0771 was not paid during the year, hence the parish share/common fund arrear5 of £45,192 Isee Note 9a}. However. the full amount of its share for 2021 was committed iri full, £21,826 being paid during 2021 and the outstanding balance of £26.208 was paid in March 2022. In 2023, an agreement was reached with Lichfield Diotese and if the parish contribute £15,000 towards the £45,192 arrears from 2022, the Diocese will match the arrears payments on a 2 .. 1 basis and write off £30,192 over three years provided full contributions are paid in 2023, 2024 and 2025. Reserves Policy It is PCC policy to try to maintain a balance on free reserves for the charity lunrestricted net current assets plus unrestricted investments) which equates to at least three months unrestricted payments and one additional month's salary costs. Thi5 is equivalent to £42,7621£45,280 in 20211. It is held to smooth out fluctuations in cash flow and to meet emergencies. The balance of the free reserves at the year-end was minus £59,477 Iminus £36,068 in 20211. This is lower than target. The PCC are aware of the p051tion and are doing their utmost to Ctify it. It is our policy to invest the investment fund balances with the CCLA CBF Investment Fund and deposit balances with the CCLA CBF Deposit Fund. Investment Policy The charity is granted power to invest in suitable investments under the PCC Powers Measure 1956 and the Trustees Act 2000. As a charity, the Trustees have a duty of care to take such advice as is appropriate before investments are undertaken. This advice is Sought from the Central Board of Finance ICCLAI in London The charity's investment policies are based on two key principles.. Ethical Investment- this includes ensuring that investments are held In companies which have high standards of corporate governance and act in a responsible way towards stakeholders. Long-term responsibilities- the trustees are aware of their long-term responsibilities in respect of the Restricted and Unrestricted reserves and as a result follow a prudent approach to investment decisions. Investment policy for long-term funds is aimed primarily at generating a sustainable income, with due regard to the need for the preservation of capital value. and the possible need to realise investments to meet operational needs. The charity does not have a policy of generating income at excessive or high risk - known as "purchasing income" where high returns are guaranteed at the expense of capital. In summary, the charity has an overall policy to maximise income while preserving the real value of its funds. Due to the nature of the charity, an ethical investment policy is taken into consideration when investments are made.. The charity follows the Ethical Investment Advisory policy as recommended by the Lichfield Diocese which includes the following= "We aim to invest in companies thot.. will develop their business in the interest5 of shoreholders.. * demonstrate responsible employment practices,.
ore conscientious concerning i55ues of corporate governofice, the environment und humun rights.- (Jre sensitlve to the community in which they operote.- Planned giving, collections and donations are the main sources of fund raising along with tax recoverable. Safeguardlng The PCC believe they have fulfilled their duty under section 5 of the Safeguarding and Clergv Discipline Measure 2016 Iduty to have due regard to House of Bishops, guidance on safeguarding children and vulnerable adultsl. All PCC membets hove completed the required online training modules. Reportin8 Serlous Incidents A Serious Incident is an adverse event, whether actual or alleged. which results in or risks significant harm to the charity's beneficiaries, employees, office holders. volunteers or to others who come into contact with the charity through its work, loss of the charity's money or a55ets, damage to the charivs property or harm to the charity's work or reputation. The trustees are not aware of any Serious Incldents in the last year. Fundraising The PCC takes its fundraising responsibilities seriously and is very grateful to all donors- whether regular or occasional- for their support of the church and church events. PCC supporters are never taken for granted. The PCC take full responsibility for fundraising and do not use commercial organi5ations or professional fundraisers. All money raised is either by donations, fundraising events, special appeals or legacies for which the PCC are most grateful. Volunteers The members of the PCC would like to thank all the volunteers who work 50 hard to make our Church a lively and vibrant community Risk Management The PCC is aware of Sts major risks and has a risk-management policy which 15 reviewed annually. The Risk Management Policy includes a description of the principal risks and uncertainties facing the Charity and its Subsidiary undertaking, as identified by the PCC members, together with a summary of their plans and strategies for managing those risks as well as any factors that are likely to affect the financial performance or position going forward. The worldwide outbreak of the COVID-19 virus which substantially affected the income we received from worshippers and decimated the income both from tourists and visitors during 2020 and 2021. Income levels began to recover in 2022, continuinE into 2023, and congregational giving increased significantly following a Time Talent5 and Tythes campaign. Parishioners continue to be encouraged to make their regular giving by standing order. This enables us to manage cash flow better, safeguards against absence from church and reduces the handling of cash by our volunteers.
Structure, Governance and Management Overview The PCC is a Body Corporate established by the Church of England IPCC Powers Measure 1956, and the Church Representation Rules 2(J)61 and is a Charity registered with the Charity Commission (Registration number.. 11499721. The PCC is governed by the Parochial Church Council Powers Measure119561 as amended that came into effect on 2nd January 1957, and the Church Representation Rules Icontained in Schedule 3 to the Synodical Government Measure 1969 as amended). The PCC is responsible for making decisions on all matters of general concern and importance in the parish, and for all financlal matters. The PCC met 8 times with an average of 15 members in attendance. Reports were tabled, discussed and approved by the PCC. The method of appointment of the PCC members is set out in the Church Representation Rules. The Council comprises the Incumbent, the Churchwardens, a representative of the Readers, those elected to the Deanery Synod, and other members who are elected at the Annual Parochial Church Meeting by those on the Electoral Roll. PCC members receive training from courses run by the Diocese. Members of the congregation are always urged to join the Electoral Roll, and to Stand for election to the PCC. The PCC have put in place Sub-committee arrangements. The PCC'S Standing Committee h35 met as necessary between PCC meetings. The Standing Committee has comprised the Vicar, Churchwardens and the Chairmen of the Abbey and St Peterfs Councils as ex-officio members, and the two PCC officer5 (Treasurer and Secretary). The Shrewsbury Abbey Connexions Ltd is a subsidiary company wholly owned by the PCC in order to comply with the trading charities requirements of the Charities Act. its function is to operate the Abbey Shop and promote the Abbey church as an attraction to visitors. The company covenants its profits annually to the PCC. The Shrewsbury Abbey Connexions Ltd has not traded since March 2019 and remains close(J at the time of signing these accounts. Related Parties Donation5 from Related Parties Donations from related parties during the year totalled £13,7781£12,955 in 20211. All these donations were received wlthout conditions. Remuneration paid to Trustees None of the trustees have been paid any remuneration or received any other benefits from employment with the PCC. Expenses paid to Trustees I trustee has been paid £1,098 during the year, in respect of reimbursement of office and travelling expense512021= 2 trustees reimbursed £2,7171. Reference and Administrative details The Abbey church is situated at Abbey Foregate, Shrewsbury SY2 6BS and St Peterfs Church is in Monkmoor Road, Shrewsbury SY2 5BE. The two churches are part ofthe Deanery ofShrewsbury in
the Diocese of Lichfield. The correspondence address is The Abbey Office, 25 Foregate, Shrew5bury. SY2 6BS and the telephone number is 01743 232723 (during office hour51. Email- manager@shrewsburyabbey.com Our website address is.. hlt www.shrewsbur abbe .com PCC members PCC members leach of whom is a trustee of the ecclesiastical charity of the Parish of the Holy Cross, Shrewsburyl who have seNed since I, January 2022 until the date thi5 report was approved were: Ex Officio Members The Incumbent Rev Dr Tom Atfield (Chairman) luntil 25, May 20221 Licensed clergy Rev Pat Aldred IAssociate Priestl (from 6th September 20221 Reader Mike Duckett Co-opted Clergy Rev Stephanie Fahie Churchwardens Anne Gudgin (until 24, May 20221 David May luntil 24, May 20221 Ken Poulter (until 8, March 20221 From 24 May 2022 the following served as Churchwardens, sharing the role of lay Vice-chaimian Brian Newman Bernice Firmin l& Deanery Synod) Hannah Smith Deanery Synod Reps Gill Barrow Katherine May Elected Members Elizabeth Coley Ifrom 23" May 20231 Sarah Cooper Joan Greatbatch-wood (Electoral Roll Officer) Miles Kenny (from 24, May 20221 June Marshall Diana Morgan Isafeguardingl Brian Newman (until 24, May 20221 Andrew Norris (Treasurer) luntil 6, September 20221 Sue Oliver luntil 30, November 20221 Christine Poharyskyi (from 24, May 20221 Stefan Poharyskyi (from 24, May 20221 Nigel Pursey (Secretaryl (until 23 May 20231 Hannah Smith {until 24" May 20221 Julia Taylor Martin Riddett ITreasurerl Ico-opted from 6th December 20221
Officer of the PCC luttends meeting5 but does not curry a vote) Carolyn Mahy (Secretary) (from 23" May 20231 Names and addresse5 of advisers Banks Royal Bank of Scotland, Drummond House, l Redheughs Avenue, Edinburgh EH12 9JN Co-operative Bank, PO Box 101, l Balloon Street. Manchester M60 4EP Investment Managers CCLA, l Angel Lane, London ÉC4R 3AB Independent Examlner Jonathan Hill, Lichfield Diocesan Board of Finance, St Mary's House, The Close, Lichfield WS13 7LD. Approved by the PCC on ........................... 2024 and signed on its behalf by: 8rian Newinaii Chtrr¢hwarden 8erni¢e Flrmln Chuiihwarden
PARISH ACTIVITIES GENERALLY IN 2022 Parish of Holy Cr055 Mission Report 2022 Our mission is to proclalm the good news of Jesus Christ afresh in each generation. This is our priorlty and is outlined below using the fivefold marks of mission. To proclaim the Good News of the Kingdom: The vacancy has allowed the parish to re-imagine what its mission is and to discover new ways of making disciples. At St. Peterfs, Messy Church, forget-me-not, toddlers, groups, and drop-in services have all been a part of the parish strategy. The Ttr initiative has helped to generate more volunteers across the parish, but we always need more. The Abbey is distovering what is distinctive about its role. A civic church with a unique position, the Abbey will continue to build on its relationships within the county. Developing a tourism strategy, the Abbey is a trusted venue for exhibitions, concert5, and recitals. These events bring in much needed revenue and visitors. The parish is blessed with excellent worship leaders and a musical heritage that is second to none. To teach, baptise and nurture new believers: Congregations in the parish are growing and numbers for Holy Communion are increasing. This last year, we have focused on a Lent course, we have our prayer group, and we have candidates for Confirmation. Weddings and Baptisms will continue to be potential areas of growth and reaching out for new members. To respond to human need by loving service: We have successful food bank hubs and hold regular services for those who are most vulnerable in our community. We support several charities and individual parishioners are involved in a myriad of charitable endeavours from the Samaritsns to Street Pastors. This year, we must consolidate our efforts through tangible service and selfless commitment. To seek to transform unjust structures of society, to challenge violence of every kind and to pursue peace and reconclllation: The parish have reached out to those who have arrived in Shrewsbury from the Ukraine as well as other refugees. Service sheets have been provided in the Ukrainian language to enable visitors to feel welcome and donations have been made to assist those caught up in war and violence. Thls year, the parish joined the 'lnclusive church, network as a positive step in standing a8ainst discrimination of any kind and to become a community where ALL are welcome. To strNe to safeguard the Integrity of creatlon and sustain and renew the life of the earth: More must be done if we are to achieve the aims of this mark of mission. We utilise traidcraft products in our refreshments and recycle where we can but there is room for improvement. We are rationallsing the use of our heating and lighting and continue to strive to lessen waste and printing requirements. We will do better in the next 12 months to become more sustainable and environmentally friendly. Revd. Pat Aldred Associate Minister
Proceedlngs of the PCC For the year beginning with the 2021 yearfs APCM the PCC continued to operate with the Sub Committee af rangements introduced in the previous year. The full PCC held 7 meetin8S Wlth all meetings held in person. The first meeting, on the rising of the APCM, was the last PCC meeting chaired by the outgoing incumbent, Rev Dr Tom Atfield. Thereafter the meetings were chaired in rotation by the three churchwardens. Two issues have dominated the Pctrs discussions over the last year. al With the parish formally in sequestration, the Archdeacon has attended two of the PCC'S meeting to discuss option5 for filling the vacancy. The PCC decided to consult on the option to split the parish, the new Abbey Parish with a half-time stipendiary priest and the new St Peterfs parish with a 0.2 full time equivalent house for duty priest. Consultee responses showed support for this option which now will be taken forward by the diocese with a Pastoral Scheme needed. This will take many months to agree and Set up. bl Secondly, financial matters. The outgoing treasurer (Andrew Norris) had to step down suddenly due to ill health, but the PCC was pleased to be able to appoint a new treasurer in December 2022. The finances continue to be of considerable concern due to the impact of Covid lockdown on the finances for 2020 and 2021 with income from events and tourism having suffered a massive decline. A financial recovery plan was put into place, and the PCC has been pleased to see a continued recovery of income. Due to the former trea5urerfs ill health, completion of the 2021 and 2022 accounts proved difficult, but the 2021 formal statement of accounts wa5 lodged wlth the Charity Commission before the end of October 2022. The Abbey Council devoted much time to the arrangements for ensuring the recovery of the Abbey, particularly for worship, events, tourists and general marketing. The St Peterfs Council met 6 times in the year and has devoted time to extending its mission and outreach, and to the general maintenance of the whole site. Both Councils have also discussed options for the future ministry of the parish. A Fabrlc Sub-committee is newly established. As well as dealing with maintenance 1S5ues on both sites, it will also have oversight of the parish longer term response to Sustainability 155ues. A fourth Sub-committee - the StandinE Committee - has also met when necessary for any urgent business discussions between meetings of the full PCC. Nigel Pursey PCC Secretary (until 23r¢ May 20231 io
Fabric Goods and Ornaments of the Two Churches Parish of the Holy Cross- Fabric, Goods and Ornaments report 2022 The quinquennial inspections of the Abbey, St. Peterf5 Church and the Parish Hall were carried out during the summer, with reports in late summer. As might be expected there was very little to report at 5t. Peterfs or the hall. A certain amount of work of a routine maintenance nature is required at the abbey- very little could be done during the pandemic. This work has started and further works of repointing, repairs to the roofs and clearing gulleys and vegetation will be undertaken shortly now that the fine weather 15 returning. Finding contractors who wish to do this type of work is increasingly difficult. Based on architect's estimates there is about a quarter of a million pounds worth of work required at the abbey over the next five years. This will undoubtedly require appeals once again to the HLF and other charltles and funds which support such work. The parishioners will not be in a position to fund this in addition to the day to day running costs, which post-pandemic, are in any case a struggle to meet. The celebrations of Holy Eucharist in the Abbey have been greatly beautifled by use of the full vestment sets Ichasuble, dalmatic, tunicle, stoles, burse, veill in green and purple so generously donated in 2021 by the Cottam Will Trust. These are of the highest quality being supplied by Watts & Co. of Westminster. Thanks to an anonymous donor we also now have a full set in rose, for use twice a year on Gaudete Sunday in Advent and Laetare Sunday in Lent. Added to the existing full sets in white and red the Abbey now ha5 a set for every Sunday, in addition to chasubles in black for funerals. The Abbey worship ha5 also been beautified by the recently restored and completed William Hill organ. Monthly organ recitals are booked through 2023 and most of 2024 so that there is ample opportunity to hear the organ in the hands of very competent recitalists as well as in worship. The architect is working on a scheme for the full use of the area under the organ as music library and vestry space. It is a great shame that the many boards around the abbey explaining the significance of the building and its history were removed at some time during the pandemic. The tourism committee is now working on how best to re-establish an appropriate tourist experience in the Abbey. including the full re-opening of the shop. In May a modern sculpture by Paul Kennedy, sponsored by the Lord Lieutenant of Shropshire commemorating the county's strLtggle during the covid-19 pandemic, was placed on a stone plinth in the Abbey. The recently installed sound system has been extended into the Lady Chapel. This has improved audibility for service5 held there. Brian Newman and Bernice Williams Churchwardens li
Deanery Synod Report Deanery Synod has met 3 times, March, July and November at St. Alkmund's, Leaton Church and Holy Spirit, Harlescott. The meeting in March focu55ed on the country and peoples of Ukraine and how as a Deanery we could offer support to any Refugees arriving in Shrewsbury. We heard how the congregations of St. Chad's and St. Alkmund's have worked together following the loss of their Vicar. We were reminded of the Shrewsbury Passion Play and Walk of Witness due to be held on Good Friday. We then had the report of the 'comings and going5" Wlthin the Deanery and a report from the Diocesan Synod. The meeting in July at Leaton Church was the last of the old Shrewsbury Deanery. We were asked how we might seNe others and help our local communities, which engendered a lively discussion. The new Deanery of Shrewsbury and Wrekin was created on the ISI of July and consist of 35 Churches, 29 Parishe5 and 13 Benefices. The meeting in Novemberwas the first ofthe new Deanery and a welcome wasgiven to the new Area Dean- Rev. Andy Ackroyd. There was opportunity to thank the Rev. Phil Cansdale, Rev. Andy Knight and Rev. Chris Tough for their work over the past 5 years. The rest of the meeting was mainly taken up with setting up the new Deanery Synod and a time of "Getting to know you., The usual tomings and goings and an update on 'Shaping for Mission" took place. The meeting c105ed, as always. with Prayer. Gill Barrow Deanery Synod Representative. Safeguarding SAFEGUARDING REPORT 2022 We are committed to taking Safeguarding very seriously. Our policy is stated on our Webslte. The parish complies with all safeguarding policies and procedures as deemed necessary by the Church of England. We review our own parish policy each year to ensure we are fully up to date with any new directives. Safeguarding is everyone's business and we have a duty of care to all. All PCC members, paid staff and some volunteers who must have a DBS check have completed their applications and are now cleared. The PCC took the decision that all PCC members should undertake Basic and Foundation Safeguarding training which is presently taking place. It is recommended that volunteers would also find the training helpful. Diana Morgan Safeguarding Officer 12
Communications and Events Communication is the oil in the parish machine. Outward communication via noticeboards, banner5, website, visitor interaction, social media, press and radio continues to be very active. The weekly E- Sheet is largely internal but to a degree external. It has 78 subscribers and is now electronic-only to save cost. It continues to be well received as the sole parish-wide weekly communication. Weekly Sunday pew sheets are also used to reinforce internal publicity of forthcoming events and services. A printed Parish Newsletter is produced 3 times annually. This is a useful outreach publication aimed at a wider audience than the E-sheet.. the Parish Newsletter can be given as part of our visitor 'welcome' both at the Abbey and 5t Peter's and free-of-charge. Many people contribute to its content, and it is compiled and proofread voluntarily by parish members. Copies are available in the Parish Hall for attendees to pick up. Communication within and between churches is improving but can still be better. The parish office is not always used as the hub that it should be and the grapevine and initiative don't always fill the gaps. Lack of communitation can lead to lack of coordinatlon. We are now attracting more and more events to the Abbey, small and large, mainly music but a150 exhibition5, open days and community events, with tours also well established. All of this is essential to the re-building of the Abbey'5 POSt-Covid economy and our challenging finar)cial targets are attainable Commvnications with old and new hirers of the Abbey are improvin& lately including introducing concerts and giving a safety briefing. This 'follow-though' has been very well received by hirers and audiences and led to repeat business. Jazz in the Church Inow three events this yearl and several Live in the House bookings have come our way because of our dynamic response to enquirers. We are now getting requests for extra nights and extra events from hirers. There are good opportunities to enhance both our offer to hirers and income for the parish, particularly via the provision of food and drink at some evening events at the Abbey. Both involve resources and risk and initially will be provided by partners who will pay a commission but the case may well be proved for doing more ourselve5 in the future. Steve Swinden Parish Administrator Abbey Cholr 2022 saw the choirfs activities returning to normal following the pandemic. It has been very encouraging to see that new members have joined the choir. The majority are young singers which 15 13
heartening for the future not necessarily at the Abbey but wherever these young people end up living. We were delighted that our choral scholar gained a place to read music at Cardiff University and we were also very happy that a one-year Master5 Student at Harper Adams University, as well as recent graduates from several universities, some in music, chose to sing with us. A new choral scholar was appointed for a 2-year tenure having previously been a lead girl chorister at Chester Cathedral. As the abbey now has such a wonderful organ, we are always on the lookout for organ scholars as well. We are fortunate that the funding for the choral and organ scholarships comes from generous donations from Trusts external to the Abbey. The choir was delighted to be invited to lead the sung worship at a Solemn Evensong for the Shrewsbury Drapers Company on Trinity Sunday. We were well elltertained to supper in Draperg Hall afterwards. For the residence weekend away during the choir break in August the choir sang all the weekend services at Bangor Cathedral. The repertoire was chosen with care as unfortunately most of the organ was not playable. Helped by some phonetic coaching we managed to sing a Eucharist service in Welsh- not entirely, as the Mass setting was in the much more familiar Latinl _ as well as another Eucharist service in English. Holy week and Easter were, as usual, musically very rich with sung services on eight consecutive days. Likewise, there was a heavy musical load over Christmas, with very large congregations at both the Christmas Carol Service and Midnight Mass. Included also was a most enjoyable evening of carol singing for the many customers at Yhe Crown, opposite the abbey. An interregnum is always a time of uncertainty, but the choir has been able to provide continuity in choral worship. not only on Sundays at the morning Eucharist and at Even50ng week by week, but also on the major mid-week feast5. We have felt well-supported by Fr. Pat Aldred, our associate priest, and many other visiting clergy, whose musical ability in the sung parts of the liturgy has varied widelyl But we have also been most encouraged by so many members of the congregation who appreciate our efforts to uplift the worship with beautiful music. The choir members give up typically six hours a week, some weeks more, of their time. This is a major volunteer commitment, but it is enjoyable. Principally, the choir makes music to enhance the liturgy and thereby to the greater glory of God. Organ In 2020121 there was extensive work to renovate, electrify and complete the Abbey's 1911 Hill organ. In 2022. there wa5 a fvll year of liturgical and recital use of the organ. It is clear that the instrument has been transformed, its potential realised yet without jeopardising the quality of its softer colour5. Our congregation has felt the presence of the organ as a lead to their worship, and have been highly complementary. Abbey visitors show great interest in the organ, the work carried out and appreciate the sounds they hear. Visiting recitalists have universally praised the work and its result. Your team of organ players now gain huge pleasure from playing the organ, no longer frustrated by the numerous problems and lack of presence of the pre-2020 organ. 14
The organ has qulckly settled back down into its week-by-week requirements. Some small teething problems remain (principally with the electronic switchingl and there are a few final tidying up jobs to do. The music library, now located below the organ platform, is also work-in-progress and security arrangements for that whole area have still to be finalised. Nigel Pursey Lead organist St Peter's St Peters report 2022 St Peterfs congregation was left leaderless at the end of May 2022 when Rev Tom Atfield resigned as Vicar of Holy Cross Parish to take up secular employment and the two Church wardens did not seek re-election at the Annual Vestry Meeting. I would like to place on record our grateful thanks to Anne Gudgin and David May for thelr unstinting commitment and years of dedicated service as Parish Wardens, particularly as they served during the most difficult of times. during the Covid years. The three new Church Wardens were elected- Hannah Smith, Brian Newman and Bernice Williams Isoon to be Bernice Firmin.) The unexpected grave illness of Andrew Norris. the PCC Treasurer compounded the loss of key personnel to lead and run Parish affairs. Nigel Pursey the PCC Secretary has been instrumental in keeping us calm and carrying on as we navigated our way through Parish business. Thank you, Nigel, for your efforts in this regard which went way and beyond your job title. This is also the time to reiterate our thanks to you for your years of unstinting service as the PCC Secretary, but particularly during the Covid crisis. We are indebted to you, as you stand down as Secretary- thank you again. St Peter's Council (the Friends of St Peter'51 a sub committee of the PCC has met 8 times between May 22 and May23 Worshlp As Wardens we have managed with the assistance of Rev Steph Fahie, Rev George Hodkinson, Associate Priest Pat Aldred and our several readers to keep the regular pattern of worship of Holy Communion at 10.00am except on the 4 Sunday each month which is a lay led service. Other visiting priests have included the Archdeacon and Rev Chri5 Walker and Bp Sarah on the Sunday before Christmas. The numbers of regular worshippers are growing and we have a number of congregants who attend regularly with their care supporters including our blind organist Rob Sherratt on the first Sunday each month. There was a seryice for Harvest Festival followed by a Parish bring and share lunch attended by about thirty people. 15
In the two weeks Preceding Christmas a group of St Peter's folk sang carols in local pubs and distributed leaflets Wlth the seNice times for all parish Christmas seNices At Christmas the usual Carol Service was held followed by Mince pies and mulled wine. Collection being donated to Embrace the Middle East. Two children from one family were baptised in June We were thrilled that a local couple chose to get married at St Peterfs in August. There were three church funerals for member5 of the congregation. Pra er Grou meets every Thursday evening and a list of prayer requests is updated weekly. The numbers attending has grown. Two all-night vigils were held to pray for the future of the parish. Buildings and gardens The Quinquennial reports for St Petels and Parish Hall have been carried out.. dated June 2022. There is minimal wort¢ needed to bring both buildings in line with the recommendation5 in the report. Works wi51 be put In hand in the near future. There has needed to be very little up keep of St Peterfs church durinE the year, except a new bell rope and the vestry door awaits replacement. It is rotten meaning the church is not fully secure. A 'Love St Peterfs Day, resulted in the Church being Spring cleaned for Easter by volunteers and new shelving bought and put up in the storage area. Two gazebos have been purchased for use at outdoor events. The front garden of the church has been transformed by the bark paths being replated by 'hoggin'. Brian Ruff very kindly donated two garden benches the catalyst for the new paths. Volunteers donated bulbs and rose bushes were planted by volunteer5, Stephan Poharyskyi made the rose obelisk resulting in the whole front of church area now being inviting to anyone who would like to sit and have time in the memorial garden or just watch the world go by in a beautiful peaceful place. Pathway works, timber, storage shelving and gazebos paid for by The Friends of St Peterfs Mission and outreach The Parish Hall continues to be the venue for Toddle-ln which has become 50 popular that Vicki and Natasha, the leaders, have in addition started a mums and baby group so no toddlers are turned away from Toddle-ln. There are regularly over thirty youngsters attending Toddle-ln from 10 -11.30 on Wednesdays in term time. Toddle-ln is for Mums and babies under one yr from 12.30-2.00pm Due to these numbers It was decided this is a mission field and so Messy Church ran for the first time in Holy Week 2023, with seventy nine adults and children attending the first meeting followed by worship in church and a tea for all. The weekly Coffee and Chat meetings have became very popular, some days with more than thirty to forty people attending. It is a social hub for a group of disadvantaged people who attend regularlv with their support workers. A small knitting group has started at Coffee and Chat, resuming the pre Covid Busy Fingers group. 16
The Food Hub agreed to The Parish Hall becoming a distribution point in the autumn, and a group of volunteers from St Peter's collect the food weekly from Food Hub HQ in Harlescott for distribution at Coffee and Chat on Tuesdays. There is a regular weekly delivery of donated food from St Peterfs Church to the Food Bank in Coleham, again all delivered by St Peteff s volunteers. The For et Me Not Tea monthly meetings have continued to flourish. On average thirty people attend and as with Coffee and Chat some very strong friendship groups have grown from it. Last May, to mark Dementia Awareness week we held a Songs of Praise at the Abbey and over seventy people attended that service. Plans are well in hand for the next Songs of Praise to be held at St Peterfs Church just before the Coronation Weekend. Warm S ace Successful bids for hall heating costs and hall consumer board upgrades were made to Shropshire County Council and the Diocese of Lichfield to enable the Parish Hall to be used as a Warm Space and many of the volunteers that stepped up to enable this were St Peters worshippers. Warm Space ran from early November until the end of March in the Parish Hall and was invaluable for those who sought warmth and company during those cold winter months. A programme of social events have taken place orEanised by the St Peterfs Friends. All these activities are social event5 but have also meant funds have been added to the Friends of St Peterfs Account, and, as in previous years at the end of December. a tithe was added to the carol service collection money and sent to 'Embrace', the Christian Middle East Charity. Other social events were a Beetle Drive, a Quiz night and The May Fayre, which proved to be the most successful to date. Future of the parish Finally, overarching all the business of the Parish it cannot be over stressed what a difficult year it has been as a result of Rev Tom'5 sudden resignation. In July the Archdeacon informed the Wardens that the Parish was In desperate financial straits and that consequently a new full time replacement could not be appointed. Various suggestions followed on how this wa5 to be managed and several PCC meetings later we are at the point of finding out whether the proposed arrangements for splitting the parish, with St Peters becoming a parish in its own right with a House of Duty post of two days, and a half time Stipend p05t at the Abbeyi will be approved at local level. This will be a turning point as part of a long and tortuous series of decisions and consultations. We are in God's hands and seek to do His will over thls matter but it would be fair to say there is sense that after eighty years as the Abbey's daughter church, St Peterfs has come of age and there is genuine excitement for what Gods plan is for the Parish, but St Peterfs in particular. Rev Steph Fahie 17
Forget Me Not Te? l am pleased to report that the Forget Me Not Teas last year, were well attended, on average thirty people coming each month, enjoying the Informal worship and in particular, a very strong bond of friendship that has become a characteristic of the meetings. The overarching theme for 2022 explored music of some sort each month, and the first Dementia Songs of Praise service in May attracted between 70180 to the Abbey. Each month our superb volunteers continue to produce a wonderful home-made tea for the attendees enjoyment. In June we celebrate the fact that Forget Me Not Tea has run for eiEht year5, and I woijld like to thank all those people who contribute in many ways to make the tea the popular event it is, without whom it would not be possible. Thank you for making a difference to those people who benefit so greatly from what you do. This year the theme is Poetry and in both 2022 and 2023 we have tontinued to be awarded the Bishops certificate in recognition of our being Dementia Friendly Churches. In May 23 we are planninE a celebration Songs of Praise to mark the Coronation and once again Dementia Awarene55 week, which falls in mid-may. Bernice Firmin Churchwarden 18
Independent Examiner's Report to the trusteeslmembers of the PCC of The Holy Cross (The Abbey) Shrewsbury Re8lStered Charity number 1149972 I report on the accounts for the year ended 31st December 2022 which are set out on the following pages. Res ctive res onsibilities of the Trustees and Inde endent Examiner The charity'5 trustees are responsible for the preparation of the accounts. The charity's trustees conslder that an audit is not required for this year under Section 144 of the Charities Act 2011 (the Charities Act) that an independent examination 15 needed. It is rny responsibility to examine the accounts under section 145 of the Charities Acl, to follow the procedure5 laid down in the General Directions given by the Charity Commission (under section 14515llbl of the Charitie5 Act, and to state whether particular matters have come to my attention. Basss of Inde endent Examiner's Statement My examination was carried out in accordance with the General Direttion5 given by the Charity Commission. An examination includes a revtew of the attounting records kept by the ¢harity and a comparison of the accounts presented with those records. It a150 5n¢ludes conslderation of any unusual iterns or disclosures In the accounts, and seeking explanations frorn the trustees concernlng any such matters. The procedures undertaken do not Provide all the evidence that would be requlred In an audlt, and eonsequently no oplnlon Is given as to whether the accounts present a 'true and fair" view and the report is Ilmited to those matters set out in the statement below. Inde endent Examiner's ststement In connection with my examinatlon. no materlal matters have come to my attention whlch gtves me cause to belleve that in any material respect.. accounting records were not kept in accordance with section 130 of the Charities Act or the accounts do not accord with the accounting records the accounts do not comply with the applicable requirements concerning the form and content of accounts set out In the Charrties (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 independent examination. I have come across no other matters in connection with the examination to which attention should be drawn in older to enable a proper understanding of the accounts to be reached. Signed= Date.. Jonathan Hill FCMA CGMA Lichfield Diocesan 8oard of Finance St Mary's House. Thè Close, chr1eld, Stafftsrdshire WS13 7LD
The PCC of The Holy Cro88 (Tha Abb•yl ShrgW5bury Financial Statèments forthe Ygar Ended 31st Doeombor 2022 Consolidated Statemnt of Fin•n¢ial Activitses Unre5tri¢ted Funds Designatsd Funds R68trlcted Funds Endowmen¢ Funds Tt)tal Funds 2022 Totsl Funds 2021 12fy Incoming R8s0ur¢8S lfjeome and •ndowm•nts from: Donalons and Legades 104.741 4,214 108.956 166,073 A¢tivilies forGeneralirvJ Funds 2b 6.082 2,182 8.264 10,129 Incorr from Investments 710 3.944 1.884 6,5 6.503 Cr¢h Acllthls 2d 26,064 26,064 12.626 Other Income Total 136,906 710 10,340 1,884 149.840 195,330 Resou0$ Expended Exp8ndfjture on: Raising Funds 3a 1.708 1.708 5.158 Church Aclnfilies 3b 156.055 10,366 168.421 306.110 Other Expenditure Totsl 157.763 10.366 168.129 311,268 Net IncornellExppnditUTel bofore Imiestment Nel gainlllossesl on sale of investments Nel gairillbs5esl on revalualioTh of investments 710 1.884 7lbl 115 5041 27.463 Net IncomellExp8ndltur81 189 8101 Transfer betsn Funds 27.000 N8t Mov?mont In Funds 25,103 139.59fj1 Ttytsl Fund$ br¢xJght forward 11 5.697 64,100 188,638 117.031 375,467 465,277 Ti)tal Fund5 rried forward 116.093,, 89,203 149,042 111.194 331.347 375,467
Thè PC.C of The Hoty Cross (The Abbey) Shrewsbury Financial Statements for Year Ended 31$t Decernber 2022 Registered Charity no.'1149972 Consolidated Balance Sheet Total 2022 Total 2021 Flxed Assets Tangib Assets Inveslmenl Asseis 46.000 193,605 239,605 46 000 219,436 265,436 Total Fixed A5setS Current Assets Stock Current Investments 81bl 81GI Debtors arKI prepaymeni$ Cash al b8nk and in hand 32,285 117,547 149,833 111,336 153.769 Total Current Assets Currnnt Liabilitl¢s . due within 1 year Creditors and accruaLs 91al 16,836 45,192 62,028 13,594 26.208 39,802 Dlocesan Parish Share rotal Currenl Liabilities Nèt Curront AssetsilLlablltl¢$l 91,742 110.030 Liabilities due aftèr onè y•ar Cdi1rS 91bl 0ioce58n Loan Yotsl L18blllt88 duè after onè year Total Not AssotsllLlabllltl881 331,347 375.467 Total 2022 Total 2021 Funds of the PCC Unrestricted Fund$ General Fund 18.093 89.203 149.042 111 194 5,697 64,100 188,638 117,031 DÈ$wJnaled Funds Re51rrcted Funds End(Avmenl Funds rotsl 331.347 375,467 The un¢oN%olKJated shortfall of the Charrtywas £43,74012021." Shortfall £71.3511 IL4rthtststWnlS dPFrnyBd a.w AlJioiwi Ipyi fiiillPEA art 2024 Swnakspe afi* ènan New.• Chairl tn i.re&xeii The noies on the followny pages frn part oflhese att¢urts
The.PCC of Tpie Holy Cross (The Abbey) Shrewsbury Financlal Statements lorthe Year Ended 31st December 2022 Charlty Balance Sheet Total 2022 Total 2021 Fixed Assets Tangible Assets InvesknentAssets 71al 71b 46.000 193,905 239.905 46,000 219,736 265,736 T¢)tsl Fixed Asso1$ Currgnt Assots Stock 81al 8lbl 81cl 81dl CUnt Investments Debtors and ppaYments Cash at bank and in hand 48,851 109,061 1 $7,912 38.702 114,893 153,596 Total Current Assets Current Liabilitios - dua within 1 ygar Creditors and accruals al 13,422 26.208 39,630 Diocesan Parish Share 45,192 61,855 Totsl Current Liabilities Net cUTnt A$$etsllLiabillle$l 96,057 113,966 Liabiliti8s dug aftgr ong year Creditors 91bl Diocesan Loan Total Liabilites due after one year Total Net Asset$llLiabilitle$l 335.962 379,702 Total 2022 Total 2021 Funds ofthe PCC Unrestricted Funds General Fund 13,4771 9,932 64,100 188,638 117,031 Designated Funds Reslrthd Funds 149,042 111 194 Endowment Funds Total Fund5 335,962 379,702 we£B aDO JbtvJlleO Lrr wue Dn ZOz4 9nd $4n¢d ¢r ha S¢Jh#iure Nerne &'*rt chd.ri srty1t Name HAJd¥tt ITreaguitt Thè notas on thè folbwing pages fom part of these a¢UnIS
The PCC of The Holy Cross (The Abbeyl Shrewsbury Financial Statements for the Year Ended 31st December 2022 Accountin Policies The PCC is a public benefit entity within the meaning of FRS 102. The financial statements have been prepared under the Charities Act 2011 and in accordan wtth the Church Accounting Regulations 2006 governing the individual accounts of PCCS, and with the Regulations true and fair view" provisions. They have also been prepared in accordance with the Charities SORP (FRS 102). The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless othewise stated in the relevant notes to these accounts. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members. There may be minor discrepancies in the totsls as the pence are not being shown. Cashflow Statement The Charity has taken advantage of the exemption in FRS102 from the requirement to produce a Cash flow statement on the grounds that the income does not exed £500,000. Goin Concern The Parish continues to recover from the effects of the Covid lockdowns which had serious effect on the finances. 2022 saw a return to regular worship and a corresponding increase in cash donations at services, a slight recovery in visitor income and an increase in income from events that could again be held after the reslrictions were lifted. Attention is drawn to the following notes on the accounts. 1. The Common Fund contribution for 2022 has been accrued in full as no payments were made in 2022. In 2023, an agreement was reached with Lichfield Diocese that, if the Parish contributed in full in 2023, 2024 and 2025, plus a contribution of £15,000 for 2022, the remainder of the 2022 would be absorbed by the Diocese. As this is conditional upon the Parish making these contributions, this agreement is not reflected in these accounts and will be once performan is complete. 2. In 2023 we received information on two previously unknown Endowment Funds held by CCLA on behalf of the Parish and the Parish of St Giles, Shrewsbury. As these Funds were only made known after the end of 2022 they are not included in these accounts but will be reflected in the 2023 accounts. Accountin Estimates and Prior Year Errors No changes to accounting estimates have occurred in the reporting period. No material prior year errors have been identified in the reporting period. 23
De.s.cri tion of Funds Unrestricted funds are income funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use or for spending on a future project and which are therefore not included in its free reserves" as disclosed in the trustees, annual report. Restricted funds comprise of two elements :_ a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis. Endowment funds are restricted funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any income or other benefit derived from the capital may be restricted or unrestricted. Full details of all their restrictions are shown in the notes to the accounts. Income Planned giving, collections and donations are recognised when received or when the PCC becomes entitled to the resource and the monetary value can be measured with suffficient reliability. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and Legacies are accounted for when the PCC is legally entitled to the amounts due and the monetary value can be measured with sufficient reliability. Dividends are accounted for when retsivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross. enditure and Liabilities Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts reiVed specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross. A Liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date. Governance and Su ort Costs Support costs should be allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the PCC and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources e.g. by allocating staff osts by time spent and other costs by their usage.
Fixe(l Assets Consecrated and benefice property is not included from the accounts by s.10{2}(a)&(Cl of the Charities Act 2011. Moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the Church's inventory, which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Freehold land and buildings comprises the parish hall at St Peters which was built in 1992 at a cost of £46,000. No depreciation is provided on land and buildings as any charge would not be material due to the very long expected useful economic life and because their expected residual value is not materially less than their carrying value. See note 7. Equipment used within the church premises is depreciated on a straight line basis over three years. Individual items of equipment with a value of less than £1,000 are written off when the asset is acquired. Investments Investments in quoted shares, traded bonds and similar investments are valued initially at cost and subsequently at market value at the year end. Investments held for re-sale are treated as current asset investments. Debtors Debtors are measured on initial recognition at settlement amount. Subsequently they are measured at cash expected to be received. Wholl Owned Tradin Subsidia - Connexion Ltd The PCC own a trading subsidiary company called Connexion Ltd. The turnover, gross expenditure, stock and debtors and creditors have been included in the consolidated set of accounts. A profit and loss account and balan sheet for Connexion is shown in notes 13 and 14 on page 34. 25
The PCC of The Holy Cross (The Abbey) Shrewsbury Financial Statements for the Year Ended 31st December 2022 CONSOLIDATED INCOME AND ENDOWMENTS Unrostrlctèd Fund$ Doslgnated Funds Rostrlcted Funds Endowment Funds Total Funds 2022 Totsl Funds 2021 Donatlons and Legac5es Voluntary Income I Planned giving 36,160 36,180 29.214 3 Colledion5 al services All other giving and voluntsry receipts includifjg special appeals 9.882 1.190 11,073 7,919 34.084 1,486 35.570 30.891 4 Stewardship 6 Gift Aid Recovered 13,000 13,000 10,926 7 Legacies received 2,695 8 Grants (recurring and one-offj 11,615 1,538 13,153 84,427 104.741 4.214 108.956 166.073 Charltable Actlvltles Activities for Generatlng Funds 2b 9 Refreshments 527 22 549 9 Bookstall 470 470 316 9 Chrtislmas Fayre 1.519 1.519 9 Summer Fayre 88 1.200 9 49ers 1.560 1.560 1,585 9 Other Fundraising ActltieS 3,478 601 4,078 7,028 6,082 2,182 8,264 10,129 26
CONSOLIDATED INCOME AND ENDOWMENTS continued Unrestricted Funds DjgThat¢d Fund5 RestriGted Funds Endowment Funds Total Fund$ 2022 Total Furtds 2021 In¢ome from Inve¥tments 2c fo Dividends 581 3,456 1.721 5.758 6.300 10 Bank Interest 19 129 488 162 798 203 19 710 1,884 6,S56 6,503 In¢ome frorn Church Actlvltl•$ 2d 11 Statutory Fees {relained by PCCI 9,4S8 9,458 6,128 12 of Abbey Church & St Peterfs 10.870 10,870 3.541 12 Church Hall Hire 5,735 5,735 2.956 12 ShrewSry Abbey Connaxion 26,064 26.064 12.626 Other Incom¢ ze 13 Other income A Total Income 136,906 710 10,340 1.884 149,840 195,330 27
The PCC of The Holy Cross (The Abbey) Shrewsbury Financial Statements for the Year Ended 31st De¢ember 2022 CONSOLIDATED EXPENDITURE Unre$trfded Funds De5nted Funds Reslrlcted Funds Endowment Fund$ Total Funds 2022 Total Funds 2021 Raislng Funds Cosls of Generating Funds 17 Stewardship Costs 135 135 17 Other fundraising 51$ 1.573 1.573 5.150 1,708 1.708 5.158 Charltsblè Actlvltl88 3b ChUh Actlvllles 18 Mission Givin9 arxl Donalions 19 Th"oce5an Parish Share 45,192 45.192 52.401 19 DiLusan Pansh Sh8rÈ Support 2¢1 Salaries and Wage$ 40,995 40,995 38.117 21 Ckrgy aThJ Staff ExpeThs88 Church Expenses 1,348 1.348 2.WO 22 crrtjrch Expenses (MI0n an6 EvBrtoeli%m) 325 23 CNJrch Runnlng Expenses (1[ GovFrnanrel 37,486 1.133 38.619 37,530 23 Chvr¢h Maintenan¢e 14.379 14.379 60.347 34 Church Uli[Y Bills 13.623 13.623 9.281 25 Church Hall costs 2.651 2,851 915 25 LOC Mission running costs 25 Shrewsbury Abbey ConNdxion M3ior¢apit41 Exp8ndAture 381 18,459 2T M4or Repalrs io Ihe Church 9.233 9,233 ,141 28 brtajDr Repairs lo Church Hal 29 New BUildg Work 156.05$ 10,366 166,421 306.110 99 Oth*T 3¢ olher Total Expenditure 157,763 10,366 168.129 311,268 28
ThA P+•C of The Holy Cross (The Abbey) Shrewsbury Financial Statements for the Year Ended 31st December 2022 4 Allocation of Support Costs {¢onsolidatedl Support costs comprise Trustee Training and Govemanco Costs etc. Due to the nature of the financial activities of the PCC. these would be allocated across Charrtable Expenditure which comprises the majority of its expenditure and a$ such are automatically aiged there. 5 (a) Staff Costs Iconsolidatodl 2022 2021 Wages & Salaries £40.995 £38,117 Average number of amployees During the year the PCC employed a Director of Music, Parish Administrator, Office Administrator and one cleaner lall part-time except for the lull time Parish Administrator). The PCC incurred £2,06812021." £3831 in soeial security costs and £34412021.. £941 in employer pension contributions. The PCC use the National Employment S8vings Trust INESTI, via the Diocesan Payrdl Scheme. for its pension payrnents. There were no employee benefits lo key management personnd in the previous or current year. 5 (b) Related Partle8 Iconsolidatedl 1 trustee has be8n reimbursed £1.098 during 202212021.. 2 trustees reimbursed £2,717) for travel and phone expenses in¢urred during the year. No other expenses were paid to any othèr PCG member, persons closely connected to them or related partie5. Donations from related parties IPCC mgmber51 tOtled £13,77812021.. £12,995) 5 Ic) Fees for the examination of the accounts Iconsolidated} 2022 2021 Independent Ex8minerfs fees £300 £300 Othar fées le.g. accountan¢y servicesl paid lo the Independent Examiner £300 6 (a) Analysis of Transfer between Funds (consolidated) - 2022 Unrestrlcted Designated Restrlcted Endowment Total 11} From HLF Res to Trust 1745 Des 1151 From General to Org Res lilll From General to HLF Res 27,000 121 0001 4,412 2.518 Iv) Frorn Admin Res to Gen 3.996 13 0901 12.9331 27,000 124,0671 29
lil ".SLS"plus funds raised in 2018 from Trust 1745 being returned lo Trusl 1745- see PCC Minute 2419118. lill To cover organist fees from 2021 and 2022 pawj from Organ Restricted fund by rnistake. liiil To cover shortfall on HLF project. Ilvl Admin Fund 2021 debtor setlled in the General Fund 6 {b) Analysis of Transfer betwgen Funds {consolidatedl - 2021 Unrestrlcted Deslgnated Restricted Endowment Total lil From General to Organ Restricted 1111 From Abbey Restoration to General lili) From Abbey Restoiation to General (lvl From Abbey Restoration to General (vl From General to Admin Ivil Frorn Tru511745 to Ganeral j l?0001 15,0(MJ 796 1.800 1,365 1,392 32.752 20,320 12,432 111 The PCC aged to fund the raisin9 of tr8 organ bl¢)wers and reservoirs from th6 Ganaral Fund lin 20201 as this does not form part or the Organ Restoration work. lill HartY Storage costs frorn Sepl-oec 2020 were charged to the General Fund. instead ol the Abbey Rèstoration Restricted Fund, as part of the CRF grant ftjnding project, by mistake. liiil Baart Harries Newall work on the Access Str81egy was charged to the General Fund In 2020, instead of the Abbey Restoration Restricted Fund. as part of ther CRF gr8nt funding project, by mistake. (lvl Unhlentified CRF spend incorrectly 8ttribulÈd lo Gener81 Fund. HLF We Satsild that full grant had been spent. Iv) To eover admin costs paid from the general fund instead ol the Admin Staff Restricted Fund Ivil Transferred from designated to general fund to pay 2020 Parish Share arrears FieFhold Buildlngs 7 la} Tanglble Flxed Assets Group and Charity All unrestricted At Cost or Valuation At 1.1.2022 & 31.12.2022 46.000 The Freehold Building is the Parish Hall at Sl Peters which was built in 1992 at a cost of £46.000. The PCC has buikjings in5urarrA as follows.. the Abbey Church, St Paters Church and Parish Hall. 7 {bl Flxed Asset Investments Group At Istjan Additions Disposa15 Transfers Chan8e in Market Value E At 31st (Jec Uftr¢$tricted funds Designated Trust 1745 22.144 12 601,, 19.538 RÈstrlet¢d funds Trust 619 131,703 Iq3 i041 116.200 Endowment funds Trust 1447 65.588 57,868 32 Total 219.436 193.605 30
Charlty At Istjan Addltlons Dlsposals Tr•Trslers Change in Market Value £ At 31st Dec Unrestrlcted funds Collnexion 300 300 Designated Trust 1745 22,144 19.538 R¢¥tri¢ted fund3 Trust 619 131,703 116,200 Endowment funds Trust 1447 65,588 57.868 Total 219,736 193,905 The investments are held in the CBF Investment Fund rnanaged by CCLA. 8 Currant Assets 8 lal Stock Group 2022 2021 Unrestrlcted funds COnneOn Stock See notes 13 and 14 for Connèxion Ltd Accounts. 8 Ibl Current Assgt Investments There are no Current asset investments 8 {c} Debtors Grou Chari 2022 2021 2022 2021 UnStrIC1ed Gift Aid recoverable 31,772 18.772 31,772 18,772 Other debtors 5.162 1,411 5,162 1,411 Due to Charity from Connexion Designated Loan from Holy Cross to the Friends Reslricled 6,417 8,417 Gift Aid recoverable 5.500 5,5 5.500 5,500 LPWGS VAT Grant 2.607 2,607 Admin Pay Grant (due from Trust 14721 3.996 3,996 42,434 32,285 48,851 38,702 -71
8 {d!- Cash at Bank and in hand Group- 2022 unStrICted Designated RestrÉcted Endowment 2022 Totsl 2021 Holy Cross Accounts 59.531 40,000 45,934 58,303 tsnnexion Acwunts 2,274 2.274 2,854 CBF Deposit Accounts CBF Trust Fund Dep0511 Accounts Interior Decorating Schgme 800 800 792 10,135 38.770 12,526 61,431 54,902 796 796 796 Petty Cash 100 100 100 31 69,666 31,107 53,326 111,336 117,547 Charity - 2022 Unre8tricted Designated Restricted Endowment 2022 Total 2021 Holy Cross Am)unts C8F Deposit Accounts CBF Trust Fund Deposit Accounts Interior Decorating Scheme 59,531 18.:001 40.000 800 45,934 58.303 800 792 10,135 38.770 12,526 61,431 54,902 796 796 Petty Cash 100 100 1CQ 31 69.666 31,107 53,326 109,061 114,893 81e} Group - 2021 Unrestriettd D8sa9nated Restrlcted Endowment 2021 Total 2020 Holy Cross Accounts 32,531 15,256 40,000 58.303 69,124 Connexions Accounts 2,654 2,654 3,062 CBF Deposit Accounts 792 792 792 CBF Trust Fund Deptssit Accounts Interior De¢oraling Scheme Petty Cash 9.425 34,827 10.651 S4,2 48,575 796 796 796 100 100 100 31 1?0.730 41,956 50,879 51,443 117.547 122,450 Charity - 2021 Unrestricted Deslgnated Restrlcted Endowment 2021 Total 2020 Holy Cross Accounts CBF Dep051t Ar£ounts CBF Trust Fund Depos11 Accounts 1?9 48&.1 32,531 15,256 40,(X)O 58.303 69.124 792 792 792 9,425 34,827 10.651 54,902 48,575 Interior Decorating Stheme 796 796 796 Petty Cash 100 100 100 31 129,"841 41.956 50.879 51,443 114.893 119,387
9 .Liabilities Grou Chari 2022 2021 2022 2021 .9 lal Amounts falling due in one year UnrestrNcted Accruals of Utile5 3,615 1,627 3.615 1,627 Creditors- Holy Cros5 Creditors- Connexion 8,458 926 8,458 926 128 128 Creditors- LDBF Parish Share 45,192 26,208 45.192 26,208 Creditors- LDBF Payroll Creditors- Connexion5 late filing penalty R8Stricled 698 4,694 698 4.694 300 300 Agency- LDBF Statutory Fe&5 Agency- Wedding Deposits Agency- Other Othèr Cr6dilors 3,041 3,041 1,(M)O 700 1.000 700 2.080 2,306 2,080 2.306 35 62.028 39,802 61,8S5 39,630 9 Ib) Amounts falling due afterone year Unreslricted Friends ol HC loan to Connexions 35 The 2021 Parish Share arrear5 01 £26,208 were paid in March 2022. In 2023. an agreernent was reached with Lichfield Diocese and if the parish contribute £15.000 towards the £45,192 arre8rs from 2022, the Diocese will match the arrears payment on a 2. 1 ba515 and write off £30.192 over three years providecl lull contributt'ons are pai¢J in 2023, 2024 and 2025. 10 lal Summary ofAssets by Fund- 2022 Group Unrestri¢tsd Funds Deslgnated Funds Restrlcted Funds Endowment Funds Total Fixed Assels 46,000 46,000 193,605 153,789 162.02ei Investsrent Assets 19,538 69,666 116,200 36.807 57.868 53.326 Current Assets Current Liabilthes abilities > 1 year 58 2ti31 89,203 149,042 111.194 331,347 Charity - 2022 Unrestricted Funds Designated Fund8 Restricted Funds Endowm•nt Fund5 Total Flxed Assets 46,000 300 46,000 193.905 157,912 101 aiii Invè51menl Assets 19,538 69,666 116,200 36,607 57.868 53,326 Current Assets Current Liabilities Liabilities > 1 year 89,203 149,042 111,194 335,962 33
10 Ibl Summary ofAssets by Fund - 2021 Group Unrestrlct•d Funds Designated Funds Restrlcted Funds Endowment Funds Total Fixed Assets 46.(M)O 46,000 219.436 149,833 Investsnent Assets 22.144 131,703 82,982 65,588 51.443 Current Assets 41.956 Current LIabilitS Liabilities > 1 year 5.697 64,100 188,638 117,031 375,467 Charity- 2021 Unrestricted Funds Deslgnated Funds RestCted Fund¥ Endowment Fund$ Totsl Fixed Assets 46,000 300 46.000 Investm8nl Assets 22,144 41,956 131,703 62,982 65,588 51,443 219.736 153,595 139 6io', Currènt Assèts Current Liabllities 133 593i abilitias > 1 yèar 9,932 64,100 188,638 117.031 379,702 11 lal Summary of Fund Movements- 2022 Group- 2022 Incomlng Resoureeg Resourees Expendèd Invèstmènt GainslLosse3 El Reserves at 31st Dec Reserves at 1stJan Tran$f•rs Unrestricted Fund 5,697 136,906 1-137,7c31 12.9J31 118,0931 Designated Funds BOir Designated Trust 1745 5,283 58.817 64,100 5,283 83,920 89,203 710 710 27.000 27,000 Restricted Funds Abbey Restr)ralion Admin Staff Fund 4,591 3,996 150 200 4,791 13 9961 Forget Me Not HLF 150 24.482 796 IDS 796 Music 4.686 100 3,653 9341 Organ R Salt 5,697 4.412 3.051 3,051 St Pet8rs Restricted 3,650 3,650 Trust 619 165,134 3.944 115.5041 153.574 Toddle In 1,605 305 400 2,005 305 Vestment 188,638 10,340 110,3Sol 115.50AI 124,06 11 149.042 Endowment Funds HMLee 792 800 Trust 1447 116,239 1,876 110,394 117.031 1.884 111.194 Total Flind% 174 4fi7 1&4A4n 1148 179 17.4 8711 121 247
Charity- 2022 Incoming Resources Resource Expended Investment GalnslLosses Reserves at 31st Dee Reserves at 1st Jan Transfers Unrestricted Fund 9,932 136,905 Designated Funds Boiler Designated Trust 1745 5.283 58,817 5,283 83.920 710 27.000 64.100 710 27,01)0 89,203 Restricted Funds Abbey Re51oralion Adrnin Staff Fund 4,591 200 4,791 3.996 Forget Me Not HLF 150 150 24,482 124.48il IDS 796 Music 4,686 100 3.653 Or9an R Salt 1£3.SL' J I 5.697 19 2331 4.412 •• ¥341 3.051 3,051 St Peters Reslri¢t&d 3.650 3.650 Trust 619 165,134 3,944 115 50J,.. 153,574 2,005 305 Toddle In 1.605 305 400 Vestsllents 188.638 10,340 124,Ou71 149,042 Endowment Funds HMLèÈ 792 800 Trust 1447 116.239 1,876 110.394 117,031 1,B84 111,194 Total Funds 379,702 149,839 12?,8311 335,962 Designated Funds Boiler Designated For the replacementwork on thè boir. For the general purpose of the Church ol England in the Parish. PaY held by the Lichfield DDcesan Trust. Trus11745 Restricted Funds Abbey Restoration Admin Staff Fund Forthe restoration of the Abbey To fund administrative support wrthin the Parish For the support of dementia friendly church For the Heritage Lottery Funding lor stonework repairs on the South & East sides For the intemal redecorats.on ol the vicarage. Funds are held by the Di0se. Foi thè pmmotion of choral music in the Abbey For the renovatlon of the William Hill rxgan in The Abbey. Fund raising is still ongoingand any shortfall al project completion has been undarwritt8n by the PCC and will be funded from current income or reserves. Leg8cy Iiom Miss Rachel Salt reiVed in September 2018 with a request that something be purchased in fflernoriam. For the sole benefit of Sl. Peterfs Church Forget Me Not HLF IDS Music Oigan R Salt St Peters Restricted Trust 619 For the benefit of the St Peterts site. Held by the Lithfield Oiocesan Trust. A Stay & Play Toddler Group at St Peters To buy and maintain vestments Toddle In Vestments Endowment Fund¥ HMLee For the purpose of Church ol England in the Parish For Accornmodation ol Curate. Hekl by the Lhfield Dio*san Twsl. Trust 1447 35
11 Ibl Summary of Fund Movements- 2021 Group- 2021 Incoming Resources Resources Expended Investment GalnslLosses El ReseThes at 31st Dec Reserves at 1stJan Transfers Unrestricted Fund 61,223 92.472 20.320 5,697 Designated Funds Boiler Designated Trust 1745 5,283 88,364 93,647 5.283 58.817 64,100 1,362 1,362 1,843 1,843 13? 7j21 Restricted Funds Abbey Restoration Admin Staff Fund 55,941 3.330 135611 4,591 3,996 3,996 1,393 Boiler Restricted Forget Me Not HLF 150 150 26,908 796 12 4261 24,482 IDS Musi¢ 4,886 Id2,?121 3.051 i?001 85.15)) 4,686 ',2i .3vJl Organ R S811 88.584 15,000 3,051 St Peters Restricted 3.650 3.650 Trust619 145,292 1,343 3.359 16.483 165,134 Toddle In 262 1,605 305 Vestment 5,990 0851 203,13Y 99,535 16,483 12,432 188,638 Endowment Funds HMLee 792 792 Trust 1447 106.477 1,960 7,803 116.239 107,269 1,960 7,803 117,031 Total Funds 465,277 195,330 26.128 375,467
Charity- 2021 Incoming Resources Resources Expended Investment GainslLosses Reserves at 31st Dec ReseNes at 1stJan Transfers UnStA¢19 Fvn(J 46,999 92,472 20,320 9,931 Designated Funds Boiler Designated Trust 1745 5.283 5.283 88.364 1,362 1,843 58.817 93,647 1,362 1,843 13 7 7>?. 64,100 Restricted Funds Abbey Restorath"on Admin Staff Fund 55.941 4.S91 3,330 150 3.996 1.393 3,996 Forget Me Not HLF 150 26,908 24,482 IDS 798 796 Music 4,886 4,686 Organ R Sall 88,584 15,000 3,051 3.650 3,051 Sl Peters Restricted 3,650 Trust 619 145.292 3,359 16,483 165.134 Tortdle In 1,343 262 1,605 305 Vestments 5,990 203,137 99,$35 16,483 12,432 188,638 Endowment Funds HMLee 792 792 Trust 1447 106,477 1,960 7.803 116.239 107,270 1,960 7,803 117,032 Total Funds 451,053 19S,329 129? 8091 26,128 379,702
12 Consolidated SOFA Comparatlvgs - 2021 Unrestricted Funds Deslgnated Funds Restricted Funds Endowment Funds Total Funds Income and Endowments Donations and Legacies Activities lor Generats"ng Funds Incorne from Investments Church Actwilies Other Incorne 74.998 4,797 176 355 go.720 5.332 3.359 125 166.073 10,129 6,503 12,626 1.008 1.960 12,501 Total Income 92,472 1,362 99,S35 1,960 195,330 Expenditure R815illg Fund5 Church ActiVeS Oiher Expenditure Total Expenditu 2.821 165,498 2,337 140,611 5,158 3CE,110 168,319 142,949 311,268 Net incomellexpenditurel 1,362 1,960 Nel galnllkjssesl on sale of investments Net gainllEosses} on revaluation investments 2,771 18,483 8,208 27,463 Not In¢omel{ExnditUr¥Tr 17i.8.17 3.205 l?D.9JOI 9,762 Transfer befften Funds 20,320 12,432 Net Movement in Funds 9,762
13 Connexion Profit & Loss Account 2022 2021 Sales Cost of Sales Opening Stock Purchases Closing Stock 17.759 17,759 Gro88 ProfiU{Loss) 11 i,7iJl Non Trading income Non Trading Expenditure Running Expenses ProfiU{Lossl for the year Net Profltl(Loss) for the year 13801 118,4091 14 Connexion Balance Sheet 2022 2021 Current Assets Stock Debtors - due from Holy Cross Other Debtors Cash at bank and in hand 459 459 2,274 2.733 2,654 3,114 Creditors - due within 1 year Creditors - due lo Holy Cross Other Creditors 6.749 300 6,749 300 Net Current Asset$ 14,3131 13.)3ij Creditors due after one year Total Net AssetsllLiabilltlesl 14,31 il 13,9351 Capltal and Reserves Called up Share Capital P&L brought forward ProfiVILossl for the year 300 14,?3-1 13801 14,2'1Jl 300 14,224 39