Charlty numbèr: 1149972
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH
OF THE HOLY CROSS WITH ST PETER'S SHREWSBURY
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
WR
Partners
Protecting your future.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WtrH
ST PETER'S SHREWSBURY
CONTENTS
Page
Reference and admlnlstratlve detalls of tha Charlty. It8 Trustees and advlsers
Trusteos. report
Independent examlnorfs report
Statemgnt of financlal actlvltlas
3-20
21-22
23-24
Balance sheel
25-26
Notes to the financlal statements
27-47

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
REFERENCE AND ADMINISTRATNE DETAILS OF THE cHAR￿Y, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
Diana Morgan. Safeguarding Officer
Bernice Firmin, Churchwarden
Elizabeth Coley, El6cled Member
Michael Duckett. Ex Officio Member
Martin Riddett, Treasurer
Christine Poharyskyi, Elected Member
Miles Kenny, Elected Member
Rev Pal Aldred, Ex Officio Member
Slefan Poharyskyi, Elected Member
June Marshall. Deputy Churchwarden, Deanery Synod Rep
Sarah Cooper, Elected Member
Dr Julia Ta￿or, Elected Member
Joan Greatbatch-wood, Electoral Roll Officer
Katherine May, Deanery Synod Rep
Hannah Smith, Depuly Churchwarden, Deanery Synod Rep
Rev Stephanie Fahie, Co-opted Clergy
Gill Barrow, Dèanery Synod rep (deceased 26 June 2024)
Brian Newman, Churchwarden
Charlty règlstered
number
1149972
Prlnclpal offlce
The Abbey Church
Abbey Foregate
Shrewsbury
SY2 6BS
Sècretary
Carolyn Mahy
Accountants
WR Partners
Chartered Accountants
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG
Page 1

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARrrY, ITS TRUSTEES AND ADVISERS
(CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Bankars
Royal Bank of Swlland
36 St Andrew Square
Edinburgh
EH2 2YB
C¢>operative Bank
PO Box 101
1 Balloon Street
Manchester
M60 4EP
Investment Mangers
Senator House.
85 Queen Victoria Street
London
EC4V 4ET
Page 2

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their annual report together with the financial statements of the Charity for the year 1
January 2024 to 31 December 2024.
Objedives and activities
Policies and objectives
The Parochlal Church Council of Holy Cross Shrewsbury (the PCCI and, during the continuing interregnum, the
churchwardens O'ointly} are responsible for promoting the ecclesiastical parish, the whole mission of the church,
pasloral, gvangelical, social and ecumenical. The PCC is also spiritually responsible for the maintenance of the
church.
The PCC is committed lo enabling as many people as possible to worship in our churches and lo become part of
our parish community at Holy Cross, Shrewsbury. The PCC maintains an ovetview 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 pul faith into practice through prayer, scripture, music and sacrament. Also, through non-
sacramental activities of hospilality and fellowship we aim to reach non-churched members of Ihe community.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance
published by the Charity Commission relating to public benefit, including tho guidance 'Public benefit: running a
charity (PB2)'.
The PCC members, as trustees are aware of the Charity Commission's guidance on public benefit in The
Advancement of Religion for the Public Benefit and have had regard lo it in their administration of the Charity.
The trustees believe that, by promoling the work of the Church of England in the Ecclesiastical Parish of The
Holy Cross Shrewsbury it helps lo promote the whole mission of the Church Ipasloral, evangelislic, social and
ecumenical) more effectively, within the Ecclesiaslical Parish, and that in doing so it provides a benefil 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 whal the Church offers., and
Promoting Christian values and service by members of the Church in and lo their communities, lo the
benefit of individuals and society as a whole.
The PCC is specifically rosponsible for the maintenance of the Abbey, St Peter's and the parish hall on the St
Peter's site.
Page 3

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
ObJectlv85 and actlvltles (contlnuedl
b. Safeguarding
SAFEGUARDING REPORT 202415
We are committed lo taking S8feguarding very seriously. This is on the agenda for every PCC me8ting. Our
policy is slated on our Website and is regularly reviewed and updated.
The parish complies with all safeguarding policies and procedures as deemed necessary by the Church of
England. We review our own parish policy each yaar to ènsure we are fully up to dale with any now directive5.
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 look
the decision that all PCC members should undertake BasiG and Foundation Safeguarding training.
recommended that volunteers would also find the Iraining helpful.
We continue to adhere to the Church of England policies and guideline pertaining to Safeguarding issues. l am in
the process of updating DBS Disclosures as they come up for renewal. The Safeguarding incidents during the
last year have decreased but Lichfield continue to inform me if there are concerns about people who may be in
our area and likely to visit our churches. 11 is important we that we all continue to be vigilanl in order to eliminate
any risk to children and vulnerable people.
Safeguarding is everyone's business.
The Church of England is concerned about the increased level of domestic abuse and has developed training in
this area. It is now accessible for people to access online via the Lichfield training portal. It is hoped that in the
future, this training will be available face to face. Volunteers in key areas are encouraged to take up the training
as 500n as they are able.
Diana Morgan
Safeguarding Officer
Page 4

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achlevements and performance
a. Parlsh Actlvlties
The Parish has conducted another busy and full calendar year despite entering into the third y8ar of vacancy.
Congregations continue lo grow and there is an overall increase on footfall across both churches. Activities
include but are not restricted to:
St Petels
Coffee and Chat
Exèrcise together
Warm space & Food Hub
Toddle in
Forget-me-not tea
Social events and outings
Prayer Group
This is not an exhaustlV6 list but shows the breadth of seNices the church is able to provide. There is no decline
in the demand for servlces whlch Is only hampered by a scarclty of volunteers and lack of stipendiary leadership.
st Petels enjoys good lay leadership and is well co-ordinated with a retired priest, assisted periodically by the
Assoclate minister. (For full report se8 below)
The Abbe
Th8 Abbeys congregatlon continues to grow and enjoys a constant flow of new families and visltors.
Congregations over the Christmas period exceeded 1000 people and Easter, likewise, saw a vasl incrèasè of
attendance. The choir has mainlained ils membership and increased numbers in some areas despite the
challenge of choristers moving away from th8 ar8a. We have been blessed by lunchtime organ recitals which
prove ever popular.
The Abbey now has a repulation for being Ihe 'go-lo' venue for a number of concerts. This has enabled the
Abbey lo reach members of the commLsnity who would not normalty come lo church. This developing ministry
will continue to grow and be built upon. There are increasing enquiries for baptisms and weddings from those
who have attended an event at th8 Abbèy.
The bookshop has now Increased Its stock and Is an attractive addition to the visitor experience. The Abbey
utilise5 social media and benefits from a sustained online presence. The Abbey is served by an Associate
minister and a number of retired clergy.
Volunteers are the key to maintaining and growing the vision at thg Abbey and, as with Sl Petels, this is where
the challenge lies
The Parish
The Parish is likely to split this year with both churches going their own way. Thls will onablo St Peter's and the
Abbey to concentrate on their strengths and grow their congregations. This will only be possible with increased
volunleers, tsrgeted giving and strong leadership. The current vacancy relies on goodwill from all sides but
cannot be maintained indefinitely if burnout is to be avoided.
Rev. Patrick Aldred Associate Priest
Page 5

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance (continued)
b. Proceodlngs of the PCC
During 2024 the PCC continued to operate with the Sub Committee arrangements introduced in the previous
year. The full PCC held 7 meetings with all meetings held in person. During the continuing interregnum the
meetings were chaired in rotation by the two Churchwardens. The PCC discussed general matters concerning
the management of the churches and the welfare of their parishioners, including safeguarding, mission, review of
policies and capital projects.
Two issues hava continued to dominala th8 PCC'S discussions over the last two years and into 2025.
Pasloral Scheme for the division of the parish inlo two separat6 parishes, namely the Parish of the Holy
Cross Shrewsbury {Shrewsbury Abbey) and the Parish of Saint Peter's, Shrewsbury .
A draft Pastoral Scheme was prepared by the Diocese of Lichfield in May 2024 and approved by the PCC before
being put out for public consultation in the parish. The consultation ended on 8th July 2024. The Scheme was
generally approved by those who responded to it with one objection. The Diocese was given permission by the
Church Commissioners lo contact the objector directly. Unfortunately there was considerable delay on the part of
the Diocese in contacting the objector and in moving matters lo￿ard. The PCC expressed their displeasure,
exasperation and disappointment when 8 weeks after closure of the public consultstion the objeclor had still not
been contacted. As the objection remained the matter was finally considered by the Church Commissioners at a
meeting on 27th February 2025. No final decision was made as the Church Commissioners required further
information from the Diocese. 11 is hoped that this will move forward and finally be resolved with th8 approval of
the Scheme and appointment of 2 new priests lone for each parish} during 2025. These issues ware discussed
at each PCC meeting during 2024 and the PCC were kept fully infomied of all developments.
b)
Financial matters.
During 2024 the finances of the parish continued to improve due to increasing income from donors and events
and thè hard work of our Treasurer. As a result thè 2023 accounts were able to be lod9ed with the Charities
Commission by Ihe end of October 2024 as required. A report on financial matters was provided by the
Treasurer to the PCC at each meeting. together with budgets, and questlons were laken and matters discussed.
In view of the proposed division of the parish into separate parishes, the PCC discussed the need to dividé
the parish assets, particularly several Trust Funds, and which would be difficult and complex and potentially
require legal advice. In the absenc8 of an incumbenl, discussions look place between the Churchwdrdens and
Deputy Wardens for each of the proposed new parishes with a view to reaching an agreement. A meeting took
place with the Bishop of Shrewsbury in June 2024 which was subsequenuy discussed by the PCC
which
endorsed the recommendation that the diocesan deputy registrar, Stuart Ness, be asked to advise on the
maller. The PCC continued lo be updated on developments in this regard during 2024 and into 2025 and the
matter is ongoing.
Carolyn Mahy
PCC Secretary {Appointed from 23 May 2023)
Page 6

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achlevements and perfomiance (continued)
. Fabric Goods and Ornaments ot the Two Chruches
Parish of the Holy Cross - Shrewsbury Abbey and St. Peterfs Monkmoor
Church Wardens annual report for 2024
Shrewsbu
Abbe
The Fabric Committee worked hard on a number of projects during the year. Facultl8S Were obtained for
upgrading tho Abbey lighting, to include emergency lighting and illurninated exit signs in the èv6nl of a lotal
power failure during a service or event, and for the refurbishing of the clergy and choir vestry, with the music
library, under the organ. The former project will proceed in 2025- a fund-raising effort will be required for the
latter. Tha tower clock has proved to be very erratic during the year. A professional survey has indicated what
now needs to be done and once again a fundraising effort will be required. In some of the extremelywet weather
we experienced it became Clear that the lead covering on the roof of the tower was not watertight and water
ingress was causing the timbers below to become sodden. Repairs were carried out by roofing professionals, but
this is unlikely to be other than a temporary solution. The cost of replacing the lead will be considerable and the
sltuatlon Is complicated by the heritage value of the existing roof covering, dating from 1644. Further
consideration will be given to this in 2025. Insurance funded repairs were carried out to the winding system for
the chamber organ, damaged durbng a concert and repairs to the brass eagle lectern which was knocked ov8r.
The Abbey received gifts of a thurible stand and sanctuary bells. Boiler controls were improved during the year
but further improvements are required in 2025 to improve reliability and cosl-effectiveness.
Sl Peter's Church and Church Hall
The Church Hall roof was fully insulated. The entire cost was covered by a grant (of which there is still over
£1000 in hand as of 31112124 for a future insulation - ecolgreen - project.)
The Terrier, Logbook and Inventory for St. Peter'5 and, separately, the Church Hall are fully up to date as at 31 st
December 2024 in bolh paper and eloctronic form.
Thank yous:
The Wardens extend their thanks to Clergy and Laity who have a5SlSted at and enabled all worship and
occasional services across the parish during the year, together with thanks to all volunteers at pcc. the officers
of the PCC, the Abbey guides and stewards and the range of volunteers at the myriad of events at the Abbey, St
Peter's and Hall during the year- Thank you.
Brian Newman and Berni￿ Firmin
Churchwardens
Page 7

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance (continued)
d. St Peter's Report for the year ended 2024
Report of St Peter's Council (Friends of St Peter's)
Church warden Bernice Fimiin,. Dèpuly Ward8n June Marshall
The parish of the Holy Cross (Abbey and St Peter's) has been in vacancy since May 2022. A Pastoral Measure
seeking lo split the parish has progressed through the various Diocesan Committees and following public
consultation passed to the Church Commissioners for approval and completion. This has been much delayad
due to issues raised by one objector to the Pastoral Measure. It is hoped that this will result in St Peler's
becoming a Parish Church al some point in 2025 and subsequent appoinlment of a Priest.
st Peter's Council (formerly the Friend5 of St Peterfs) a subcommittee of the PCC has met 8 times during the
year.
Worshi
With the assistance of Rev Steph Fahie, Rev George Hodkinson, Associate Priest Pat Aldred and our several
readers the regular Sunday pattern of worship of Holy Communion at 10.00am excepl on the 4th Sunday each
month which is a 10.00am lay led service has been maintained. Other visiling priests have included Bishop
Sarah in January, Rev Chris Walker and Rev Richard Hayes
The numbers of regular worshippers is growing average Sunday attendance 30 adults. There are a number of
congregants who attend regularly with their care supporters including our blind organist Rob Sherratt on the first
Sunday each month.
Services for Ash Wednesday and Maundy Thursday were held at 7.00pm
There was a service for Harvesl Festival followed by a Parish bring and share lunch attended by about thirty
people.
Al Christmas the usual Carol Service was held followed by Mince pies and mulled wine. Collection being
donated to Open Doors with Brother Andrew. This collection was added to the lithe of the end of year balance
from the Friends of St Peler's (FOSP) accounts and amounted to £825.
Mess
Church
Messy Church has continued following a pattern from 2023 usually on a Wednesday moming (the Toddle-ln slot)
in holiday limes. This takes the form of a selection of themed crafts for parents and children to do followed by a
short time of 'worship' in church and then a meal in the hall. It requires a large team of church members to
prepare and deliver on the day. During 2024 wa mel 4 limes during.11 is always well received.
There were children from one family Baptised in the morning Service during the year.
There were three Church Funerals {2 for Church members} and one for a church member at her village church.
One memorial Service following private burial. One Crematorium funeral of a regular attendee at Forget me not
tea
Prayer Group met every Thursday evening and a list of prayer requests was updated weekly. The numbers
attending has grown.
Horne Groups. 2 Groups were started in October 2023 meeting either on Wednesday evenings or Friday
Mornings and reflecling logelher on the previous Sundays readings.
Page 8

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
TRUSTEES, REPORT {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance (contlnued
Buildin
s and Gardens
A'love Sl Peter's Day was held in March and in the Autumn to tidy the Church and work in the garden.
The gardens have been well mainlained by Roger Smith as well as volunteers maintaining the flowerbeds and
tubs.
The Hall roof was insulaled with the help of a grant from National Grid.
Mission and Outreach
Most of this has taken Pla￿ in the St Peterfs hall.
Coffee 'n Chat on Tuesday mornings continued to be a source of Inspiration, friendship and enjoyment to all who
attend. Numbers vary between 20-35. Free refreshments continued bul many gave donations from which
supplies were bought and a regular contribution towards heating made to the PCC. The second weekly occasion
for Coffee 'n Chat on Thursday mornings in the Church has grown in popularity. The hall having a regular
booking. On both ¢xcasions there are several adults who receive care being brought by Iheir carers to enjoy the
opportunity.
Food Hub supplies collected by volunteers were made freely available on both Tuesdays and Thursdays.
Food Bank Th8 collection point in Church continued and weekly deliveries to the Food Bank at Barnabas
Church were made.
Toddl&ln
The very popular Toddle-ln Group on Wednesday mornlngs during term-time continued to thrive under the
leadership of Vicky Towers and Natasha Prite assisted by a team of church members in the kitchen. Numbers
attending have grown lo over 30 children and their carers. Each year sees a turnover as children move on to
nursery and school and others join. Wé said farewell to 2 helpers, Ann and Marion who were stalwarts from Ihe
start in 20081 Particular thanks to Vicky and Nalasha.
For
et Me Not
Forget Me Not Tea is the response in Holy Cross parish to outreach for carers and in particular lo those caring
for those with mernory loss. It takes place on the first Wednesday aftèrnoon of ev6ry month with an informal time
of worship followed by a very good tea!
The overarching theme for 2024 was Travel wth presentation and participation of attendees.
The Annual Dementia Church certificate was renewed again by Bishop Michael and the three actions promised
for 2024 which included a Songs of Pralse Se￿iCe in church for Dementia Awareness week were fulfilled. We
have been very pleased to welcome several new people and they have enjoyed the friendship and caring support
that this outreach offers.
Particular highlights were the teas. In comrnon wilh many church events we rely on a small group of dedicated
volunleers who turn up with freshly baked scones and other cakes and sandwiches, lay up, clear down and tidy
away. Wilhoul their support this event would be very difficult to Tun in its present format as we regularly get as
many as Ihirly pèople attending.
Thank you to those helpers for their dedication in continuing our dementia action in this Parish.
Page 9

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
AGhievements and performance (continued)
Th8 themè set for 2025 is Pastimes and Leisure.
Gentle Exercise on Monday mornings in tha Hall started in the Autumn and has attracted betw88n 8 - 12
participants. A kind of 'Tai chi, using a video followed by refreshmentsl
Events
Other successful events have been held with good attendances and some fund raising including..
A Quiz in February with Cheese and wine Grateful thanks to Roger and Wendy Ford. This was an enjoyable
evening event.
May Fair on Saturday 20 May was a happy evenl and raised £950 on the day half of which was splil bet￿een the
Shrewsbury Food Hub and the Food Bank.
Hats Galore on 11 Oclober was a fun Friday evening event and raised £275
A Christmas Fair on 30 November raised a total of £1063.37. A donation of £465 was given to Shropshire
Supports Refugees.
A full Christmas Lunch was held on 23rd December in the Hall. Cooking being Ca￿led out in various homes and
46 rneals were served. Costs were subsidised by a grant of £100 from the Burke Bequest.
None of the above would be possible without the consistent and much appreciated help and commitment of the
many volunteers for which we as a church are extremely grateful.
Bemice Firmin, Churchwarden and Rev Stephanie Fahie
March 2025
Page 10

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achlevements and perfonnance Icontlnued)
e. Deanery Synod Report
A special Shaping for Mission Oeanery Synod meeting took place on 5 March 2024, attended by our
Churchwardens, Rev Steph Fahie and other laypeople. The Shaping for Mission diocesan approach was
presented by Rt Rev Sarah Bullock, Bishop of Shrewsbury with facilitated discussion. The parish discussed lh8
Shaping for Mission areas of interest and action priorities at its councils.
Given the situation wilhin the parish as regards the parish separation. the PCC councils will hav8 different
focuses going fO￿ard yet with some overlapping of key priorities. Our PCC minutes from then giv6s detail.
However, in recent years Gill Barrow, Katherine May and Hannah Smith have been the named parish
representatives to Deanery Synod. Until her sudden illness and death in May 2024, Gill Barrow undertook to
attend the majority of deanery meellngs.
Since June 2024 therefore, parish reprasentation Includes June Marshall as well as Hannah and Katherine.
In the spring 2024, synod eleclSons took place. The following persons were duly elected to diocesan synod.. John
Wardle, Rob Surl, Annette Goodall and lan Peake. Clergy representatives Revd Phil Cansdale, Revd Charlotte
Gompertz. Revd Peter Hubbard and Revd Tim Vasby-Burnie.
The meeting held in July included two speakers. Firstly, Pioneering Parishes update was pr8senlod by Rev
Catherine Matlock who was on a time-limited contract with the Diocese of Li¢hfield. Catherine was Ih&n based in
Stoke-on-Trenl. Secondly, Katherine May from the Motherfs Union gave an update on the current work
undertaken by Motherfs Union in the deanery, across the diocese, UK and All Ireland and internationally.
Deanery members were informed of the RISE Up! campaign against domestic abuse and provided with
resources to lake the campaign to their home churches. We were also informed that tha Area Dean Revd Andy
Ackroyd was taking up a new appointment in Hereford Diocese based in Telford.
Katherine May, Hannah Smith and June Marshall
April 2025
Page11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance {continued)
f. Communications and Events
Parish of the Holy Cross
Review of events and communicalions, 2024
We now have 3 years, experience of running events at the Abbey. These are many and varied. embracing
commer￿, charity and worship. Many customers are well established bul each year we need to find new ones.
In a fasl-changing world, the entertainment industry is no éxception. Costs are hi9h, margins are tight,
cancellations through poor sales have become more common. We havo lo keep moving to stand slill, such is the
cliché, but we must maintain close relations with our customers and foster new ones in order to suslain a good
level of business. We have gone from the novelty a few years ago of using the Abbey more, to Events now
providing a subslantial and essential part of our income. Of course, Abbey events benefit the whole parish as
well as putting us in touch wilh an audience which may not normally come to church or to the Abbey.
Recent investm8nts to improve lighting have already been well received by customers and enhanced Holy Week
services. The Abbey Is also a safer place now that we have emergency lighting. Prolects in the back office
include better event accounting and administration and generally staying ahead of the game. As part of this I
have visited and learned much from counterparts at Lichfield Cathedral and Selby Abb8y.
On the communications side, everything we do is communication. Apart from worship, prayers, the website and
social media, our volunteers play an invaluable role in the way we present ourselves., and our events audiences
and customer5 ar8 invariably impressed by the Abbey experience. People are the key. as with life itself.
The beauty. history, acoustic and location of the Abbey are all to our great advantage. We can only make the
most of what we have. though, by increasingly imaginative thinking and being able to acl and react quickly. The
support of our PCC will play an important part in our sustainability and future as a place of both worship and
entertainment.
Sleve Swinden
Parish Adminislralor
26th ApTiI 2025
Page 12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance lcontlnued)
g. Duty to promote Ihe success of the Charity to achleve Ils charitable purposes
Fundralslng and Volunteers
Th8 Abbe
The wardens are extremely appreciative of the time given up by our many volunteers, only a minority of whom
are also members of the congregations, who enable us to keep the Abbey open during 365 days a year. A
recently initiated rota also now enables the church to remain open between the Sunday services. when we
get quite a number of visitors. particularly in the summer months. With the increase in the number of evening
bookings at the Abbey for a wide variety of concerts, recitals and gigs, we have called upon more and more
volunteers to assist the paid staff in manning these events to whom thanks are due. These events eam a vital
part of our income, bringing in. net of all costs including staff costs, over £40,000 in 2024. The four electronic
giving ststions have been important in maintaining giving by visitors and pilgrims as we move more and more to
a near cashless society. Members of the congregations now have the opportunily of giving alms in cash, at the
electronic stations or with the QR code printed on the service sheets by their mobile phones. For those who give
by standing order they now have the opportunity of placing a small printed token on the passing alms dish. lest
visitors should think that the congregalion do not give anyihing! We anticipate receiving donations in support of
the cost of lighting enhancements in the Abbey, for which faculty authority was granted in the year. The Abbey
shop is now well established again and is making a useful contribution to our funds, as are bar takings at
concerts now that the Abbey is licensed.
The members of the PCC would like lo thank all the volunteers who work so hard to make our Church a lively
and vibranl community as well as places of welcome for tourists, pilgrims and event attenders.
St Pèt8rfs Church and the Church Hall Monkmoor
Volunteers have continued to support various Mission activities at the St Peter's site Toddle-ln, Forget me not
Tea and Coffee and Chat- which, during 2024 has continued lo run I￿l¢e a week on Tuesday and Thursday. We
thank all volunteers without whom this Mission work would not happen.
Risk Mana
ement
The PCC is aware of its major risks and has a risk-management policy which is reviewed annually. The Risk
Management Policy includes a description of the principal risks and uncertainties facing the Charity and ils
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 Ihal are likely to affect the financial performance or posilion going
forward.
The Abbe
Detailed risk assessments were compiled by the wardens. It was fell that these were perhaps too detailed and
complex for our needs so in 2025 they will be revisited with a view to simplifytng them.
st. P&ler's Monkmoor.
st. Petér's has completed the standard CofE Risk Management Protocols as the needs of St. Peter's Church
and the Church Hall are relatively simple compared to the Abbey.
Page 13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achlevements and performance (continued)
Worship and Services
Shrewsbu
Abbe
In 2024, the average weekly attendance at Sunday services at Shrewsbury Abbeywas 78 adults and 2 children.
Attendance at services on Easter Day and vigil service on Easter Eve was 226 (including 138 communicants).
Attendance at services during Advent for the congregation and local community was 465
Attendance 81 services for Advent specifically for school and civic organisations was 270
Number of Communicants at any service on Christmas Eve or Chrlstmas Day was 320
Total number (including communicants) attending worship at any service on Christmas Eve or Christmas Day
(including Crib and nativity services held on Christmas Eve) was 1190
St. Peter's Church Monkmoor
Average weekly attendance at Sunday services at st. Peler's in 2023 was 30 adult5 and 1 child.
Altendance at services on Easter Day and vigil service on Easter Eve was 46 (including 42 communicants)
Attendance at services during Advent for the congregation and local community was 155
Number of Communicants at any service on Christmas Eve or Christmas Daywas 28
Tot81 number {Includlng communicants) attending worship at any service on Chrlstmas Eve or Christmas Day
was 33.
Page 14

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Flnanclal revlew
a. Golng concern
After making appropriate enquiries, the Trustees have a reasonable expectation that tha Charity has adequat8
resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopl
the going concern basis in preparing the financial statements. Further details regarding the adoption of the going
concern basis can be found in the accounting policies.
Tha Parish financial position improved somewhat in 2024. Income increased wh8n compared with 2023. This
increase has come from increased giving by parishioners and giving at various special services, recovery of Gift
Aid, increased visitor donations enhanced by the purchase of additional electronic donation slations and an
increase in the number of events held in the Abbey. The Abbey shop and the bar provided at some events also
contributed to the increase in income. Expenditure also increased in 2024 due to increased staff costs, some
increased maintenance costs and general cost inflation. The write-off of the remaining Common Fund arrears by
the Diocese has improved the balance sheet position, as has Ihe increase in the value of the various trusts. both
fixed and current elements.
In 2023, an agreement Was reached with Lichfield Diocese to the effect that if the parish contributed £15,000
towards the £45,192 Common Fund arrears from 2022, the Diocese would match the arrears payments on a 2 =
1 basis and write off £30,192 over three years, provided full contributions were paid in 2023, 2024 and 2025. The
parish contributed £11,000 towards the arrears in 2024 and Lichfield Diocese has agreed that the parish, which
provided full Common fund contributions in 2023 and 2024, does not need lo contribute the remaining £4.000 in
2025. The full amount of the arrears is therefore shown in the 2024 account5 as written off.
Connexion Ltd, the wholly owned company which previously ran the Abbey shop, has been closed and de-
rogistèred. Thare were no assets distributed back to Ihe Abbey as shareholders.
b. Reserves policy
It is PCC policy to try to maintain a balance on free reserves for the charity (unrestricted net currenl assets)
which equates to at least three months unrestricted payments and one additional month's salary costs circa
£5,000. This is equivalent to £61,600 (£51,763 in 2023). It is held lo smooth out fluctuations in cash flow and to
meet emergencies.
Reserves in 2024 amount to £394,442 (2023.. £355,725} this includes the parish hall at St Peterfs, investments
and cAsh £102,000 (2023: £125,537). Free resetves amounted lo -£52,448 {2023'. -£76,266). This is lower than
target. However, the PCC hold £4,271 in designated funds which could be transferred should the need arise.
The PCC are aware of the position and are doing their utmost to rectify it.
It is our policy to invest the investment fund balances with the CCLA Church of England Deposit Fund and the
majority of the remainder with the Lichfield Diocesan Board of Finance ILDBF).
Page 15

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
c. Material investments policy
The charity is granted power lo invest in suitable investments under the PCC Powers Measure 1956 and the
Trustees Act 2000. As a chaiity, the Trustees have a duly of care lo lake such advice as is appropriate before
investments are undertak8n. This advice is sought from the Central Board of Finance ICCLA) in London.
The charitys invastment policies are based on ￿ key PTinciples-. -
-Ethical Inve5tment- this includes ensuring that investments are held in companies which have high
stsndards of corporate governance and act in a responsible way towards stakeholders.
-Long-term responsibililies- the trustees are aware of their long-term responsibilities in respect of the
Restricled and Unrestricted rese￿eS and as a result follow a prudent approach lo investment decisions.
Investment policy for long-tèrm funds is aimed primarily at generating a sustainable income, with due regard to
the need for the preseNation of capital value, and the possible need to realise investments to meet operational
needs. The charity does not have a policy of generaling 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 presetving 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 lo invest in companies that:
will develop their business in the interests of shareholders.,
demonslrale responsible employment practices.
are conscientious conceming issues of corporate governance, the environmenl and human rights.
are sensitlve to the community in which they operate..
Planned giving, collections, donations and income from events are the main source5 of fund raising along with
tax recoverable.
Structure. governance and management
Constitution
The Parochial Church Council of the Ecclesiaslical Parish of the Holy Cross with St Peter's Shrewsbury is a
registered charity. number 1149972, and is constituled under a Trusl deed.
Page 16

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
TRUSTEES, REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Structure, governance and management (contlnued)
b. Methods of appoinlment or electlon of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the
terms of the Trust deed.
Overview
The PCC is a Body Corporate estsblished by the Church of England (PCC Powers Measure 1956, and the
Church Representation Rules 20221 and is a Charity registered with the Charity Commission {Registration
number.. 11499721. The PCC is governed by the Parochial Church Council Powers Measure (19561 as amended
that came into effect on 2nd January 1957, and the Church Representation Rules 2022 (as amended).
Structure Governance and Mana
emenl
The PCC is responsible for making decisions on all matters of general concern and importance in the parish,
and for all financial matters. Be￿een January and December 2024 the PCC mel to discuss 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 sel out in the Church Representation Rules. The Council
comprises the Incumbent (currently in vacancy), the licensed Clergy, 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.
Mernbers of the Gongregation are always urged to join the Electoral Roll, and lo stand for eleclion to the PCC.
The PCC have put in place Sub-committee arrangements.
The PCC'S Standing Committee has met as necessary be￿een PCC meetings. The Standing Cornmittee has
comprised the associate priest, Churchwardens and the Chairmen of the Abbey and St Peter's Councils as ex-
officio membors, and the PCC officers {Treasurer and Secretary).
The Abbey Council has met several times, to discuss and agree a range of business matters. particularly the
practical and financial arrangements following the proposed split of the parish into the separate Holy Cross
(Abbey) and Sl. Peter's parishes.
The St Peter's Council has met B times, for the purpose of planning regular action and hospitality at Sl Peter's
Church and as a shadow PCC, working through aspects of future governance in readiness for Ihe new
independence of St. Peter's parish.
Page 17

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS wrfH
ST p￿ER's SHREWSBURY
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Structure, governance and management (contlnued)
PCC members
PCC members {each of whom is a trustee of thé ecclesiastical charity of the Patish of the Holy Cross,
Shrewsburyl who have served since 1st January 2024 (unless othemse staled) until the date this report was
approved were:
Ex Officio Members
The parish is currently in interregnum, so=
Licensed Clergy
Rev Patrick Aldred {Associate Priesl) (from 6th September 2022)
Reader
Mike Duckett
Co-opted Clergy
Rev Stephanie Fahle
Churchwardens
From 24 May 2023 the following have served as Churchwardens, sharing the role of lay Vice-chaiman
Brian Newman
Bemice Firmin
Dopuly Churchwardens
Hannah Smith
June Marshall
(from 23 May 2023)
(from 23 May 20231
Deanery Synod Reps
Gill Barrow
Katherine May
Hannah Smith
June Marshall
(deceased June 2024)
(elected on 26th June 2024)
Elected Members
Elizabeth Coley
Sarah Cooper
Joan Greatbatch-wood (Electoral Roll Officer)
Miles Kenny
June Marshall
Diana Morgan
Christine Poharyskyi
Slefan PoharyskyT
Julia Taylor
Anthony Jamieson
(from 23 May 2023)
(up to 261h June 2024)
(Safeguarding Officer)
(elected on 26th June 2024 to replace Gill Barrow)
Officers
Martin Riddett
Carolyn Mahy
{Treasurer) {co-OPtedl from 6 December 2022
(Secretary) {appoinled) from 23 May 2023
Page 18

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS ￿TH
ST PETER'S SHREWSBURY
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
structure. governance and management {contlnued)
c. Safeguardlng
Th8 PCC beli8Ve thèy have fulfilled their duty under section 5 of the Safe9uarding and Clergy Discipline Measure
2016 {duty to have due regard to House of Bishops, guidance on safeguarding children and vuln8rable adults}.
AII PCC member6 have completed the required online training modules and are subject to DBS checks.
Safeguarding is on the Agenda at every PCC meeting. an update is received froffl our Safeguarding Officér and
any issues are discussed.
Re
rtin
Serious Incidents
A Serious Incident is an adverse event, ￿ether actual or alleged, whlch results in or risks signtficant harm to the
chariws beneficiaries, employees, office holders, volunteers or to others who come into contsct with the charity
through its work. loss of the charitys money or assets, damage to the charity's property or harm to the charity's
work or reputation.
The trustees are not aware of any Serious Incidents in the last year.
Pag8 19

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Structure, governance and management (continued)
Statement of Trustees. responsibilities
The Trustees are responsible for preparing th8 Trustees, report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable lo charities in England & Wales requires the Trustees lo prepare financial statements for
each financial year which give a true and fair view of the stale of affairs of the Charity and of ils incoming
resources and application of resources, including its income and expenditure, for that period. In preparing these
financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the m8thods and principles of thè Charities SORP IFRS 1021.,
make judgment5 and accounting e51imates that are reasonable and prudent.,
state whether applicable UK Accounting Standards (FRS 102) have been followed, subj￿1 to any material
departures disclosed and explained in the financial statements-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that Iho
Charity wll continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Charity's transactions and disclose with reasonable accuracy at any lime the financial position of the Charity
and enable them to ensure that the financial statements comply with the Charities AGt 2011, the Charity
(Accounts and Report5} Regulations 2008 and the provisions of the TrLtsl deed. They are also responsible for
safeguarding the assats of the Charity and hence for taking reasonable steps for the prevention and detaction of
fraud and other irregularities.
Appr
by order of the members of the board of Trustees and signed on their behalf by:
Brian Newma
Churchwarden
Berni¢e Firmin
Churchwarden
in Riddett
Treasurer
Dalè.. 03. 119. ltsX5
Page 20

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PEfER'S SHREWSBURY
INDEPENDENT exAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Independent Examlnevs Raport to tha Trustee8 of The Paro¢hlal Church Coun¢ll of the
Eccleslastlcal Parlsh of the Holy Cross wlth Sl Peterfs Shrewsbury {Ihe Charltw)
I report to the charity Truste8s on my 8xamination of th8 accounts of th8 Charlty for th8 year end8d 31
Dacember 2024.
Responslbllltles and Basls of Report
As the Trustees of the Charity you are responslble for the preparatlon of the accounts In accordance wlth the
requirements of th8 Chariti8s Act 2011 ('th8 2011 ACV).
I report in respect of my examination of the Charitys accounts carried out under section 145 of the 2011 Act and
In carrwng out my examination I have followed the appllcable Directlons glven by the Charlty Commlsslon under
sectlon 145(5}Ib) of the 2011 Act.
Page 21

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
INDEPENDENT EXAMINER'S REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Independent Examiner's Statement
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination because l am a member
of ACCA, which is one of the listed bodias.
Your attention is drawn to Ihe fact that the Charity has prepared the accounts in accordance with Accounting and
Reporting by Charities.. Stalement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporknng Standard applicable in the UK and Republic of Ireland IFRS 1021 in
preference to the Accounting and Reporting by Charities: Statement of Recommended Pract'ce issued on 1 April
2005 which is referred to in the extant regulations but has been withdrawn.
l understand thal this has been done in order for the accounts to provide a true and fair view in accordance with
the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Acl., or
the accounts do not accord with those records., or
the accounls do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports} Regulations 2008 other than any requirement
that the accounts give a 'true and fair, view which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other matters in connection with the examination lo which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Charitys Trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's
Trustees those matters l am required to stale lo them in an Independent examiner's report and for no other
purpose. To the fullest extent pemiilled by law. I do not accept or assume responsibility to anyone other than the
Charity and the Charitys Trustees as a body, for my work or for this report.
Signed=
/.1
Dated.. 0911012025
T Lunt
BA FCCA MTPI
WR Partners
Chartered Accountants
Belmont House
Shrewsbury Buslness Park
Shrewsbury
Shropshiré
SY2 6LG
Page 22

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PEfER'S SHREWSBURY
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Endowment
funds
2024
Restrlcted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
fvnds
2023
Note
Income and
endowments from:
Donation5 and legacie5
Charitabl8 activities
Other trading activities
Investments
6,096
139,343
28,854
58,028
4,706
145,439
28,854
58,028
13,544
136,088
8,483
37,885
11,006
4,004
4.834
Total Income and
endowments
4.004
10,930
230,931
245.865
193,462
Expenditure on:
Raising funds
Charilable aclivilies
8,693
191,784
8,693
198.455
4,840
184.446
6.671
Total expenditure
6,671
200,477
207,148
189,286
Net Income
Transfers between
funds
Net movement in
funds before other
recognised
gainsl(lossesl
4,004
4,259
30,454
38,717
4.176
18
(17,234)
110,700
193.466)
113,230)
114,959
{63,012}
38,717
4,176
Other recognlsed
gainsl(loss•sl:
Gains on revalualion of
fixad assels
1,688
Not movoment In
funds
(13,230)
114,959
(63,012)
38,717
5,864
Page 23

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS wrrH
ST PETER'S SHREWSBURY
STATEMENT OF FINANCIAL ACTNrfiES (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Endowment
funds
2024
Restrlcted Unréstrlcted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
Reconclllatlon of
funds:
Total funds brought
forward
Nel movement in funds
118,353
(13,230)
176,537
114,959
60,835
(63,012)
355,725
38,717
349.861
5.864
Total funds caThled
forward
105,123
291,496
(2,177)
394,442
355. 725
The Statement of Financial Activilies includes all gains and losses recognised in the year.
The notes on pages 27 to 47 form part of these financial statements.
Page 24

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Noto
Flxed assets
Tangible assets
Investments
12
13
46,000
216,673
46.000
211,820
262,673
257,820
Current assets
Stocks
Debtors
Cash al bank and in hand
14
3,870
36.669
102.000
15
11,964
125,537
142.539
137,501
Current Ilabllltles
Creditors.. arnounts falling du8 wlthin one
year
{10,770)
(39.596)
Net Current assets
131,769
97.905
Total assels less current Ilabllltles
394,442
355. 725
Total net assets
394,442
355, 725
Page 25

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
2024
2023
Noto
Charity funds
Endowment funds
Reslricled funds
Unreslricled funds
18
105,123
291,496
(2,1771
118,353
176,537
60.835
18
18
Total funds
394,442
355. 725
The financial 51at8ments were approved and authorised for issue by the Trustees and signed on their behalf by:
Brian Newman
Churchwarden
Bernlce Flrmin
Churchwarden
artln Riddett
reasurer
Date..
611,.11015
The notes on pages 27 to 47 form part of these financial statements.
Page 26

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
1.1 Basis of preparation of financlal statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102)
Accounting and Reporting by Charities: Statemenl of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 102> (effective 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and faiv view and have departed from
the Charities {Accounts and Reports} Regulations 2008 only lo the extent required lo provide a 'true
and fairf view. This departure has involved following the Charities SORP IFRS 1021 published in
October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended
Pr8Ctice effective from 1 April 2005 which has since been withdrawn.
The Parochial Church Council of the Ecclesiastical Parish of the Holy Cross with St Peler's
Shrewsbury meets the definition of a public benefit entity under FRS 102. Assets and liabilities are
initially recognised at historical cost or transaction value unless otherwise stated in the relevant
accounting policy.
1.2 Income
Al income is recognised once the Charity has entitlement lo the income, it is probable that the
income will be received and the amount of income receivable Gan be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment
income Is recelvable.
1.3 Expenditure
Expendlture is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, 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 classified by activily. The costs
of each activity are made up of the total of direct costs and shared costs, including support Gosts
involved in undertaking each activity. Direct costs attributable to a single activity are allocat8d directly
to that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable to a single activity are apportioned between those activities on a basis consistent with
the use of resources.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its
charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of Irrecoverable VAT.
Page 27

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
1.4 Tangible fixed assets and depreclalion
Tangible fixed assets costing £1000 or more are capilalised and recognised whan future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at Gost. After recognilion, under the cost model. tangible
fixed assets are mèasured at cosl less accumulated depreciation and any accumulated impairment
losses. All cost5 incurred to bring a tangible fixed asset into its intended working condition should b8
included in the measurement of cost.
Consecrated and benefi￿ property Is not Included in the accounts by s.10121(8) &(C) of the Charities
Ac12011.
Moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and
whichrequire a faculty for disposal are inalienable property, listed in the Church's inventory. which can
beinspected {at any reasonable lime). For anything acquired prior to 2000 there is insufficient
costinformation available and therefore such assets are not valued in the financial stalemenls.
Freehold land and buildings comprise the Parish Hall at St Peters which was built in 1992 at a cosl 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.
Depreciation is charged so as to allocate the cost of langible fixed assets less their residual value
over their estimated useful lives. using Ihe straighl-line method.
Depreciation is provided on the following basis..
Fixtures and fittings
Office equipment
Computer equipment
33%
33%
33/
1.5 Investments
Fixed asset inv8Stments in quoted shares, traded bonds and similar investments are valued initially at
cost andsubsequently at market valu8 at the year end. Investments held for re-sale are treated as
current assetinveslments. Investmènt gains and losses, whether realised or unrealised, are
combined and presented as 'Gainsl(Losses) on investments, in the Slatemenl of financial activities.
1.6 stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for
obsolete and slow-moving stocks.
Page 28

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng policies (continued)
1.7 Debtors
Trade and other debtors ar8 recognised at the settlement amount after any trade discount offerèd.
Prepayments are valued at the amount prepaid net of any trade discounts due.
An allowance for doubtful debts is established where Ihere is objective evidence that the charity may
not be able to collect all amounts due. This assessment is based on:
Historical payment patterns,
Ageing of receivables,
Specific identification of at-risk accounts,
Economic or operational conditions affecting the debtor.
The allowance is reviewed periodically and adjusted as necessary. Debtors are presented in the
financial statements net of this allowance.
1.8 Cash at bank and In hand
Cash at bank and in hand includes cash and short-lerm highly liquid investments with a short maturity
of thre6 months or less from the date of acquisition or opening of the deposit or similar account.The
amounts include cash accounts associated with the investment Trusts.
1.9 Llabllltles and provisions
Liabilities are recognised when there is an obligation al the Balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be rèquired in settlement, and thè 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 recelved as advanced payments for the goods or servlces it must provide.
Provisions are measured al the best estimale of the amounts required to settle the obligation.
1.10 Flnanclal 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 with the exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
1.11 Pensions
The Charity contributes to a defined contribution pension scheme operated by the Lichfield Dlocese
and the pension charge represents the amounts payable by the Charity to the fund in respect of the
year.
Page 29

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies {continued)
1.12 Fund accounting
General funds are unrestricted funds which are availabla for use at the discretion of the Trustées in
furtherance of the general objeclives of the Charity and whiGh hove not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustèes for particular
purposes. The aim and use of each designated fund is set out in the notes to the financial
statements.
Restricted funds are funds which are to be used in accordance with specffic restrictions imposed by
donors or which have been raised by the Charity for particular purposes. The costs of raising and
administering such funds are charged against the specifsc fund. The aim and use of each restricted
fund is set out in the noles to the financial statements.
Investments that have administrative trustees of the incumbent and churchwardens are regarded as
restricted by the Lichfield Diocese. These funds are for the benefit of the Parish.
Investment income, gains and losses are allocated to the appropriate fund.
Page 30

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
In¢ome from donatlons and legacles
Restrlcted Unrestrlcted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Donatlons
Other Income
4,361
1,735
135.583
3,760
139,944
5,495
134,418
1.670
6.096
139,343
145.439
136,088
Total 2023
1.665
134,423
136,088
Incomo from charllable actlvltles
Unrestrlcted
funds
2024
Total
funds
2024
Total
funds
2023
Gift aid & collections
Fees for weddings and funerals
Church hall & Abbey lettings {¢ommunty groups)
Abbey shop
456
5,384
12,190
12,486
4,178
12,190
12,486
4,178
2,643
28,854
28,854
8,483
Tolal 2023
8.483
8,483
Pagé 31

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from other trading activities
Income from fundralslng events
Unrestrlcted
funds
2024
Total
funds
2024
Total
funds
2023
Summer fayre
Christmas fayre
Tea and coffee donations
1,098
1,796
551
1,098
1,796
551
1,596
1, 706
765
3,445
3,445
4,067
Total 2023
4,067
4,067
Income from non charitable tradlng activltles
Unrestricted
funds
2024
Total
funds
2024
rotal
fvnds
2023
Hire of Abbey and Parish Hall
54,583
54,583
33,878
Total 2023
33,818
33,818
Investment Income
Endowment Restrlcted Unrestricted
funds
funds
funds
2024
2024
2024
Total
funds
2024
Total
funds
2023
Income from local listed
investments
4,004
4,834
4,706
13,544
11,006
Total 2023
3,058
5.369
2,579
11,006
Page 32

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS wrrH
ST PETER'S SHREWSBURY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Expenditure on raising funds
Costs of raising voluntary Incomo
Unrestrlcted
funds
2024
Total
funds
2024
Total
funds
2023
Cost of fayres & other activites
8,693
8.693
4,840
Total 2023
4,840
4,840
Analysls of oxpandltura on charltable actlvltles
Summary by fund type
Rastrlcted Unrestrict8d
funds
funds
2024
2024
Total
2024
Total
2023
Direct costs
6,671
191,784
198,455
184,446
Total 2023
184,446
184,446
Page 33

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysls of expendlture by a¢tlvltles
Actlvltles
undertaken
dlrectly
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Charitable acliviti8S
132,659
65,796
198,455
184,446
Analysls of dlre¢t costs
Charltable
actlvllles
2024
Total
funds
2024
Total
fvnds
2023
Staff costs
60,494
11.587
25,608
8,399
4,699
17,003
4.869
60,494
11.587
25,608
8,399
4.699
17.003
4.869
49,263
5,321
45,354
6,666
3,399
4,568
1.387
Expanditure on charftable actlvities
Common fund
Maintenance
Upkeep of services
Wisiting Glergy l organists
Administration
132,659
132.659
115.958
Total 2023
115,958
115,958
Page 34

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WtTH
ST PETER'S SHREWSBURY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysls of oxpandlture by actlvltles (contlnued)
Analysls of support costs
Charltablè
aetlvltles
2024
Total
funds
2024
Total
fvnds
2023
Expenditure on charitabl6 activitiès
Insurance
Maintenance
Cleaning
Administration
Church utilltles
Hall utilities
Ma]or repairs
Service charges
Gov8mance costs
1,486
11,948
1.951
1,060
6.450
24,269
2,507
9,388
2,217
4,520
1,486
11,948
1,951
1,060
6.450
24.269
2.507
9,388
2,217
4,520
2,952
9.876
230
1.820
13,686
22,252
1,398
11,324
4,950
65,796
65,796
68.488
Total 2023
68.488
68,488
Page 35

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Independont axamlnerfs remuneratlon
2024
2023
Fees payable to the Charitvs independent examiner for the independent
8xamlnation of the Charitys annual accounts
1,500
300
10. Staff costs
2024
2023
Wages and Salaries
Social security Gosts
Contributlon to daflned contributlon pension schemes
56.396
3.269
829
46.554
2,072
637
60.494
49,263
The average number of persons employed by the Charity during the year was as follows:
2024
2023
Average number of employees
No employee received remuneration amounting to more than £60.000 in either year.
11. Trustees. ramunoratlon and expenses
During tho year. no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 December 2024. no Trustee expenses have been incurred (2023 - £NIL).
Page 36

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS wrrH
ST PETER'S SHREWSBURY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
12. TangFble fixed assets
Freèhold
property
Cost or valuatlon
At 1 January 2024
46.000
At 31 December 2024
46,000
Net book value
At 310ecgmber 2024
46,000
At 31 Decembgr 2023
46,000
13.
Flxed asset Invèstments
Listed
Investments
Cost or valuation
Al 1 January 2024
Additions
211,820
4.853
At 31 December 2024
216,673
Nel book value
At 31 December 2024
216.673
At 31 December 2023
211,820
14. Stocks
2024
2023
Finished goods and goods for resale
3.870
Page 37

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
15. Deblor8
2024
2023
Due wlthln one yaar
Trade debtors
Other debtors
36.669
11,383
581
36,669
11,964
16. Cradltors: Amounts falllng due withln ong year
2024
2023
Trade creditors
Amounts owed to joint ventures
Amounts owed to other participating interests
Other taxation and social security
Accruals and deferred income
6,250
7.662
27.000
4,236
698
4.520
10.770
39,596
Page 38

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
17. Descriptlon of funds
Unrestricted funds are Income funds of the PCC that are available for spending on the general purposes
ofthe PCC.
Designated funds are income funds designated by the PCC for fixed assets for its own use or for spending
on a future project and whlch are therefore not included in its 'free reserves, as disclosed in the trustees,
annual report.
An explanatioin of the purpose of each designated fund are as follows:_
Boiler:
Flower Festival:
lar Linen..
For the replacement and maintenance work on the boiler
Income and expenditure in connection with the Abbey Flower Festiv81
For the purchase and maintenance of altar linen
Restricted funds comprise of two eloments=_
al income from Irusls or endowments which may be expended only on thoes reslricled 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 doe5 not usually invest
separatley for each fund. Where there is no soparala investment, interest is apportioned to individual
funds on an average balance basis.
An explanation of purpose of each restricted fund are as follows:.
Abbey resloration= For the restoration of the Abbey
Food bank=
For donation to charitable organisations running Food Banks
Forget me not..
For the support of dementia friendly church
Trusl T1745=
For the general purpose of the Church of England Parish. Partly held by Lichfield
Diocesan Trust
For the internal redecoration of Ihe vicarage. Fund5 are held by Lichfield Board of
Finance
For the promotion of Choral Music in the Abbey
For the renovation of the William Hill organ in the Abbey
For the insulation of the roof of the Parish Hall
Legacy from Miss Rachel Sall recelved In September 2018 with a request that
something be purchased in memoriam
For the sole benefit of Sl Peter's Church
For the benefit of the Parish. Held by Lichfield Diocesan Trust
Stay and play toddler group at St Peter's
To buy and maintain vestments
InlDec:
Music..
Organ..
Rwf insulation:
RSALT..
St Peter's:
T619:
Toddle=
Vestment:
Ouseley Church
Music Trust:
To fund the organ and choral scholarship including the provision of music
lesson5 for the chor.
Page 39

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Endowment funds are restri¢t8d 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 beneflt
derived fro the capital may be restricted or unrestricted.
An explanatlon of purpose of each Endowment fund are as follows:
HM Lee:
For the purpose of the Church of England In the Parish. The PCC to consider
closing this and the interest to be recorded agalnst the General fund as there are
no restrictions.
For the accofflmodation of a r81igious or assistant Curate.
Held by Lichfield Diocesan Trust
T1447:
Page 40

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PEfER'S SHREWSBURY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
18. Statement of funds
Statement of fundg - current year
Balance at
31
December
2024
Balance at 1
January
2024
Transfers
Inlout
Income Expendlture
Unrestrfcted funds
Deslgnaled funds
Boiler
T1745
Flowers
Altar Linen
4,575
86,526
{354)
4,221
1,681
2.410
50
(88,207)
(2,410)
50
91.101
4,141
(2,7641
(88,207)
4,271
General funds
General Funds
(30,266)
226,790
{197,713
(5,259)
{6,448)
Total Unrestrlctad funds
60,835
230.931
{200,477)
{93,466)
12,17n
Endowment funds
HM Lee
T1447
800
800
104323
117,553
4.004
(17.234)
118,353
4,004
(17,234)
105,123
Page41

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS wrrH
ST PETER'S SHREWSBURY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
18. Statement of funds {contlnued)
Balance at
31
Decembar
2024
Balance at 1
January
2024
Transfers
Inlout
Income Expondtture
Restrlcted funds
Abbey
F(K)d Bank
FORGETME
HM Lee
Music
Organ
Roof Insulatlon
RSALT
st Peters
T619
Toddle
Vestment
Intemal Decorating
T1447
4791
150
330
35
3,766
(15,402)
3,500
3,050
3,650
169,264
2,400
205
4.791
100
{250)
330
(78)
(1,938
(3001
(2,014)
1.828
(9,979)
1,486
3,050
3,650
174,054
2,174
205
5.723
4,790
274
(500)
798
798
17,234
88,207
5.337
17.234
88,207
3,668
T1745
Ouseley Church Music Trust
(1,669)
176,537
10.930
(6,671)
110,700
291,496
Total of funds
355,725
245,865
(207,148)
394,442
Pagè 42

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PEfER'S SHREWSBURY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
18. Statement of funds (contlnued)
statement of funds - prlor year
Balance al
31
December
2023
Balance at
1 January
2023
Transfers
in/oul
Gains/
(Losses)
Income Expenditure
Unrestrlcted
funds
Deslgnaled
funds
Boil&r
T1745
5,283
83,920
(708)
4.575
86.526
768
1,838
89,203
768
(708)
1.838
91,101
General funds
General Funds
(17, 792)
175,800
{187.052)
(2,910)
1,688
(30,266)
Total
Unrestrlcted
funds
71,411
176,568
{187.760)
(2,910)
3.526
60,835
Endowment
funds
HM Lee
T1447
800
110,395
800
117,553
1.714
5.444
111.195
1,714
5,444
118,353
Page 43

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 310ECEMBER 2024
18. Statément of funds (contlnu•d)
Balance at
31
December
2023
Balance 8t
1 January
2023
Transfers
in/oul
G8in
(Losses)
Income Expenditure
Restrlcted
funds
Abbey
Food Bank
FORGETME
HM Lee
Musi¢
Organ
Roof Insulation
RSALT
St Peters
T619
Toddle
Vestment
Intemal
Decorating
4.791
4,791
150
150
150
180
35
755
330
35
3, 766
(15.402)
3.654
(22.934)
(643)
1782)
5,404
3,500
2,910
3.050
3.650
153,574
2.005
305
3,050
3.650
169.264
2,400
205
4, 758
395
10.932
(100)
798
798
149,043
15,177
(1,525)
2,910
10,932
176.537
Total of funds
331,649
193.459
(189.285)
19,902
355, 725
Page 44

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
19. Summary of funds
Summary of funds- current year
Balance at
31
December
2024
Balance at 1
January
2024
Transfers
inlout
Income Expenditure
Designated funds
General funds
Endowment funds
Restricted funds
91,101
{30,266)
118,353
176.537
4,141
226,790
4,004
10.930
(2,7641
1197,7131
(88,207}
{5,259)
(17,234)
110.700
4,271
(6,448)
105,123
291,496
(6,671
355,725
245,865
(207,148)
394,442
Summary of funds . prior year
Balance al
31
December
2023
Balance at
l January
2023
Transfers
in/oul
G8ins/
(Losses)
Income Expenditure
Designated
funds
General funds
Endowment
funds
Restrlcled funds
89,203
(17. 792)
768
(708)
(187,052)
1,838
1,688
91,101
(30,266)
175,800
(2,910)
111,195
149,043
1.714
15.IT7
5.444
10.932
118.353
176.537
(7,525)
2,910
331,649
193,459
(189,285)
19,902
355, T25
Page 45

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
20. Analysls of net assets between funds
Analysls of net assets between funds - current perfod
Endowment Restrlcted Unrestrfcted
funds
funds
funds
2024
2024
2024
Total
funds
2024
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
46,000
21,870
(59.277)
(10,770)
46,000
216,673
142.539
(10,7TO)
64,761
40.362
130,042
161,454
105.123
291,496
(2,177)
394,442
Analysls of net assets between fund8 - prlor perlod
Endowment
fvnds
2023
Restricted Unrestricted
funds
funds
2023
2023
Total
fvnds
2023
Tangible fixed assets
Fixed asset Investments
Current assets
Creditors due wlthln one year
46.000
21,376
28,594
(35,135)
46.000
211,820
137,501
(39,596)
63.312
55,041
127,132
53,866
(4,461)
118,353
176,537
60,835
355,725
Page 46

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE HOLY CROSS WITH
ST PETER'S SHREWSBURY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
21. Analysls of Investment assets
Fund
Cash
Investment
0110112024 0110112024
Interest
Dividend Cash
Investment
3111212024 3111212024
Shrewsbury Holy Cross 619
43.528
127,132
1,881
2.910
45,409
130,042
Shrewsbury Holy Cross 1447
8,652
198
8,850
Shrewsbury 1745
11.050
21,376
1,186
489
12,237
21,870
Shrewsbury 1447
14,679
54,660
2,555
1.251
17,234
55,911
HM Lee
835
43
877
Total
70,092
211,820
5,665
4,848
75,757
216,673
The table above shows the Interest earned on cash savings and the dlvldends received on investments
during the year.
22.
Related party transactlons
Donations from Related Parties
Donations from related parties during the year totslled £11,897 from 13 parties (2023.'£13,105)
Ramuneration paid lo Truste&s
Non6 of the trustees have been paid any remuneration or received any other benefits from employment
with the PCC in 2024 (2023.. NIL).
Expenses paid to Trustees
None of the trustees have been paid any expenses in 2024 {2023'. N IL).
Page 47