## **ECCLESHALL PAROCHIAL CHURCH COUNCIL** Registered Charity Number 1153305 **HOLY TRINITY ECCLESHALL & ST. CHAD’S SLINDON** **Trustees’ Annual Report** **and** **Financial Statements for The Ecclesiastical Parish of Eccleshall** **Holy Trinity & St. Chad’s** **for the Year ended 31[st ] December 2020** **March 2021** ## **Administrative Information** Holy Trinity Church is situated in Church Street, Eccleshall, whilst St Chad’s Church is located on the Newcastle Road in the settlement of Slindon. Eccleshall Ecclesiastical Parish is part of the Diocese of Lichfield within the Church of England. The correspondence address is The Vicarage, Church Street, Eccleshall, Staffordshire, ST21 6BY. The Registered Charity Number is 1153305. PCC members who served during 2020 were: ## **Ex Officio Members:** |**Ex Officio Members:**|| |---|---| |Clergy
|Reverend Jules Walker_(Vicar)_| ||Reverend Stephen Habgood| ||_(PTO Licensed to Lichfield Diocese & PCC member)_| ||Geoff Dingle and Barbara Dodd| ||(_PTO Readers licensed to Eccleshall Parish, who are not_| ||_PCC members)_| |Churchwardens|Kate Griffiths| ||Allan Dale| ||Jonathan Jones| ||John Treanor_(Co- Vice-Chair of PCC)_| |Diocesan Synod Member|David Beswick| |Deanery Synod Members|David Beswick_(Lay Chair Deanery Synod until 31st May_| ||_and Co- Vice-Chair of PCC)_| ||Lorna Sant / Clare Lockett| ||Hazel Bradshaw| ||Kate Griffiths| **PCC Members:** Emily Howard _(PCC Secretary)_ David Milner Olivia Baines _(Appointed 15[th] October)_ Judith Norton Hazel Bradshaw Chris Reynolds John Bradshaw Nancy Reynolds Joseph Cheetham-Wilkinson Keith Winstanley Jonathan Jones Thomas Knowles _(Resigned 15[th] October)_ Mary Leather David Rimmer _(Resigned 15[th] October)_ John Leather _(St Chad’s Treasurer)_ Joshua Walker _(Resigned 15[th] October)_ Page 1 of 31 ## **Trustees' Annual Report and Accounts CHURCH OF ENGLAND PARISH OF ECCLESHALL, DIOCESE OF LICHFIELD Registered Charity Number 1153305** **Holy Trinity Church, Eccleshall with St Chad’s Church, Slindon 2020 Report and Accounts for the Eccleshall Parochial Church Council** ## **SECTION I – TRUSTEES’ ANNUAL REPORT 2020** ## **1. Aim and Purposes** Eccleshall Parochial Church Council (PCC) has the responsibility of cooperating with the incumbent, the Reverend Jules Walker, in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of two churches, the parish church, The Church of the Holy Trinity, The Church of St Chad, Slindon (a chapel of ease), and a Parish Room. ## **2. Public Benefit** The PCC is committed to enabling as many people as possible to worship in the two churches and to become part of the parish community at either, and to the pastoral care of the people of Eccleshall Parish. The churches’ acts of worship reflect Christian faith through Fellowship, Prayer, Scripture and the Sacraments. All that has been done and planned during 2019 has been consonant with the Charity Commission's guidance on public benefit and in particular the supplementary guidance on charities for the advancement of religion. In summary we strive to enable people to live out their faith as part of our parish community through: - Worship and prayer; learning about the gospel; and developing their knowledge and trust in the Christian faith; - Provision of pastoral care for people living in the parish, with emphasis on the needs of the bereaved, the requirements of the occasional offices and the need to reach out to younger generations; - Mission and outreach work; - Supporting worship and Christian ethos and education in a church school and supporting worship in another (non-church) school. To promote this work the maintenance of the fabric of the two churches is vital, as is the care and maintenance of the Parish Room (situated next to Holy Trinity Church), a facility to serve all members of the parish. Page 2 of 31 ## **3. Structure, Governance and Management** The PCC is a corporate body established by the Church of England, and operates under the Parochial Church Council Powers Measure and the Church Representation Rules (CRR). It is a Registered Charity. The method of appointment of PCC members is set out in the CRR. Membership of the PCC and the PCC members in 2020 are detailed on Page 1 of the report. The membership includes 19 members elected by those members of the congregation who are on the Church Electoral Roll of the Eccleshall Parish (three of whom being members of the St Chad’s congregation). All members of the congregation are encouraged to register on the Church Electoral Roll and are welcome to stand for election to the PCC. The PCC is responsible for making decisions on all matters of general concern and importance to the ecclesiastical parish, including deciding on how the funds of the PCC are to be spent. The PCC met seven times during the year. Given its wide responsibilities the PCC has a number of committees, each dealing with a particular aspect of parish life: St Chad’s congregation; mission and pastoral care; worship and social; parish room; fabric; magazine; and finance. These committees are all responsible to the PCC and report back to it regularly with minutes of their recommendations being received by the full PCC and discussed as necessary. ## **4. Activities and Achievements - Holy Trinity Church Eccleshall** Owing to the COVID-19 pandemic and following guidance from the Government and Church of England, our church was closed, intermittently, for a large part of 2020. This has complicated the usual gathering of Annual Statistics. ‘Lockdown’ meant there were no services on Easter Day. We were open and able to accommodate 39 for communion on Christmas Day. Personal and family services included 1 baptism. Sadly, those couples who were looking forward to celebrating marriage had the difficult decision of whether to cancel or postpone until 2021. A restricted wedding did take place in September. There were 14 parish funerals held either at the graveside, in church or at Stafford Crematorium. 2020 began well. Weddings and Baptisms were planned, and we were looking forward to a busy year. Our children and family focused activities continued: Kid’s Church giving young people the opportunity to gather for specific, child centred activities during morning service and our Christian Playgroup, Trinity Tots, with growing numbers attending. We were also planning for ‘Messy Church’ events, bringing families together to celebrate and worship in a fun afternoon of activities centred around the major Christian Festivals. Special services and events began in January with little thought of what the year was to bring. Work began on the installation of a new Audio-Visual System which was to prove invaluable, as the year progressed. We shared a Service for Christian Unity at Sacred Heart Roman Catholic Church. Our Vicar, Revd Jules, began a period of compassionate leave and we were grateful to the Revd Stephen Habgood for his assistance in covering services and Page 3 of 31 support received from Revd James Graham who led 8.00am Communion. Inclement weather meant that the children from Bishop Lonsdale Academy were unable to come to church for their Ash Wednesday Worship. However, Revd Stephen was able to get to the school to be with the children and lead a service including the Imposition of Ashes, as planned. In March, Archdeacon Matthew Parker led Holy Communion on the first Sunday of Lent and an afterschool Lent Course, ‘Why does Easter Matter?’, began, led by Ellie Cheetham-Wilkinson. Our lay Reader Barbara Dodd organised a moving Taize evening – a candlelit service of meditation and prayer. The choir enjoyed learning new Taize chants which were included in the programme. We were invited to join in the Women’s World Day of prayer at Sacred Heart, this year praying for the people of Zimbabwe. Bishop Lonsdale Children from Year 3 came for a visit to learn about the Bishops who are buried at Eccleshall and about general records that are kept, such as registers of births, marriages, and deaths. Nationally, the COVID 19 situation was worsening and on 10[th] March a letter from the Archbishops gave instruction to offer communion in one kind only and to refrain from any handshaking or direct physical contact as part of a blessing or laying on of hands. Our service on 15[th] March, a delightful and happy Holy Baptism, proved to be our final gathering for some time. On 24[th] March church buildings were closed not only for public worship but also private prayer. We also had to suspend all activities and close the Parish Room with immediate effect. Sadly, this meant Trinity Tots could no longer meet. Thankfully, volunteers were able to safely distribute Mothering Sunday plants and Palm Crosses and we began e-mailing weekly Information and Service sheets which continued and developed through the year. These were much appreciated by a growing number of recipients. In April we held the first of our graveside funerals. This form of service was to last until June when we re-opened the church for funerals under strict health and safety guidelines and with close family members only attending. A movement known as ‘Clap for Carers’ began at 8pm on Thursday evenings during April and May. After a week or two people asked if church bells could be rung and one of our ringers was given permission to chime/ring a bell for five minutes each week until the end of May. In late July we were delighted hold our first on-line service, using ‘Zoom’, with over 50 people attending. These on-line services continued over the summer. Also, in July we said goodbye to our Children and Families Worker Amy Walker, whose contract had come to an end. Her enthusiasm and quality of leadership meant she had encouraged a growing number of families to take part in in Trinity Tots and Messy Church and developed an enthusiastic team of regular volunteer helpers. Amy will be greatly missed by adults and children alike. Page 4 of 31 In September church doors opened again for said services of Holy Communion. There were restrictions on numbers and strict health and safety guidelines, but it was good to be back worshiping in our historic building. Bell ringing for these services resumed, restricted by social distancing rules to just four experienced ringers for fifteen minutes. A Wi-Fi link was established in church in October. This offers a variety of opportunities for live-streaming worship and other events. We are developing a team of audio-visual ‘technicians’ to support and develop activities in this area. A partial ‘lockdown’ again in early November meant that instead of our annual All Souls’ Service, we offered ’A Time to Remember’, opening the church for private prayer and affording visitors the opportunity to reflect and pray for loved ones in a quiet space. Nationally, Remembrance Sunday services were severely restricted. A private service with prayers said by Revd. Jules was held at our War Memorial and the public encouraged to partake in a doorstep remembrance at 11.00am. A single, half-muffled bell was rung. Church doors opened again early in December. As well as celebrating communion on Christmas Day, as part of the Church of England’s ‘Comfort and Joy’ initiative, we were delighted to open Holy Trinity for private prayer on 20th and 27th December. The church looked beautiful. Although we had not been able to organise our Christmas Tree Festival, we were able to display four trees each with a different theme – Comfort, Joy, Christingle, and Nativity, with interactive activities. Christmas 2020 brought joy and celebration after a uniquely difficult year with an acknowledgement that, for those who had lost loved ones or livelihoods, or who were potentially still not able to be together with loved ones – the Church’s role, both nationally and locally, was to provide comfort and consolation, rather than assume everyone would be ready to join in jubilation. We added some joy too, hopefully! Although not able to fulfil their planned schedule of arrangements to decorate church, following lockdown, some members of the Flower Guild were able to provide displays to celebrate the festivals that took place later in the year- Harvest, Remembrance Sunday, and Christmas. As part of our Mission and Outreach we continued to collect and deliver donations of food and toiletries to Sanctus St. Marks, a Charity in Stoke -on -Trent working with Asylum Seekers and Refugees. There was little or no opportunity for fundraising events during the year. However, in December, a Grand Raffle was organised with help from the Trinity Magazine Team, who delivered tickets with the magazine. People were very generous with their support and a magnificent sum was raised. Page 5 of 31 ## **5. Activities and Achievements - St Chad’s Church, Slindon** During this extraordinary “Year of the Pandemic”, we only managed to have 14 Sunday services at St Chad’s (it would have been 15, but a February service was cancelled due to snow). Of our “specials”, we held Candlemas Evensong on February 2[nd] , a St Chad’s Day service on March 1[st] , this led by Archdeacon Matthew Parker in Rev Jules’s absence and Harvest on October 18[th] (Covid compliant with restricted numbers). So, there was no Mothering Sunday service in March, no Rogation service in May and, more importantly, no Easter services. We did, however, have a highlight on Friday August 28[th] when Bishop Michael of Lichfield called at St Chad’s as part of his pilgrimage to the 27 churches in the Diocese who share our patron saint. A short service was held, our first for 23 weeks. Sunday services recommenced on September 20[th] and repeated monthly until the end of the year, although numbers attending were reduced in line with covid-compliant regulations. During lockdown and tier 4 restrictions, regular telephone contact was made with church members. When zoom services were started in early August service sheets and notices were circulated weekly by email, regular news of Slindon parishioners were included with these. No fund-raising events could be held during the year but in late autumn a wonderful, shared effort was held in the form of two leaf-clearing parties. A large farm trailer was filled with leaves and fallen branches and the churchyard looked very tidy which augmented the new oak fencing on each side of the churchyard gate, installed earlier in the year. On December 15[th] we celebrated the life of much-loved parishioner Freda Glover, who died in her 102[nd] year. Freda had worshipped at St Chad’s for over 70 years, latterly brought to Church by her daughters Marg and Sue. Later in the month, 6 parishioners, suitably distanced and standing in line outside, brought Christmas cheer in the form of carols to 8 households who had hitherto been shielding, or at least, very restricted socially. ## **6. Ecumenical Activities** Holy Trinity and St Chad’s are members of Eccleshall Churches Together and under normal circumstances would participate in several acts of Christian Unity within the Parish particularly in support of Christian Aid and other charities. Regrettably, the activities have been significantly restricted during the year but will recommence once the covid restrictions are lifted. Page 6 of 31 ## **7. Safeguarding & Reporting Serious Incidents** The Trustees believe that they have fulfilled their duty under Section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults). 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 works, loss of the charity’s 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. ## **8. Risk Management** The Church Wardens carry out regular Health and Safety Reviews and regularly inspect premises for potential hazards. The Trustees have safeguarding policies in place for child protection and for work with vulnerable adults, including rigorous DBS checking of staff and volunteers. Parish insurances are reviewed annually to ensure adequate cover. An informal review of any new risks which may impact the work of the Church in the Parish is ongoing. ## **9. Financial Review** The PCC continued to manage the church finances against a background of falling church income and rising costs compounded during 2020 by the impact of the coronavirus restrictions. The shortfall on the General Fund of Holy Trinity was offset by transfers from Designated Funds and the Parish Trust Funds. A full Financial Review and details of the Accounts are included in Section II of the Trustees’ Report. ## **10. Reserves Policy** The Reserves and Investment Policy has been established consistent with the charitable purposes of the Parochial Church Council of the Ecclesiastical Parish of Eccleshall (Registered Charity Number 1153305) and the terms of the Trust Deeds of the Parish Endowment Trust Funds. The primary objective is to secure the long-term future of the Christian churches in Eccleshall Parish (Holy Trinity and St Chads) with particular emphasis on mission and educational development within the parish. The application of the policy will be reflected in the responsible stewardship of the original capital within the funds and the application of the income to specific projects consistent with the terms of the relevant Trust Page 7 of 31 deeds. The short-term funding of the regular expenditure of the churches will be met primarily from regular giving and other income sources with the objective of holding a working capital balance on the Church General Fund equivalent to three months expenditure. In the event of a deficit in short term funding, it may be necessary to apply for an annual exceptional drawdown from the investment funds in order to maintain financial stability within the unrestricted Church General Fund. The short-term funds will be held in approved UK bank accounts. The long-term funds will be held in CCLA and other approved investment funds on terms established by Eccleshall PCC acting as administrative trustee in conjunction with the Lichfield Diocesan Board of Finance acting as custodian trustee. The Reserves Policy applied to the Parish Endowment Trust Funds provides indicative limits to the amount of drawdown in any single financial year with the overall objective of the maintenance of the original capital balances on an inflation adjusted basis. ## **Thank You** **The Church Council would like warmly to thank everyone who has contributed to the thriving life of Holy Trinity Eccleshall and St Chad’s Slindon in any way.** **The Trustees’ Annual Report and Accounts were approved by the Eccleshall Parochial Church Council on 25[th] March 2021 and signed on their behalf by Rev Jules Walker and David Beswick (PCC Co-Vice Chair):** **Rev Jules Walker David Beswick** Page 8 of 31 ## **SECTION II – ANNUAL FINANCIAL STATEMENTS 31[st] December 2020** - Financial Review for the Year - Statement of Financial Affairs - Balance Sheet - Analysis of Receipts and Payments - Funds of Eccleshall PCC – Holy Trinity and St Chad’s - Eccleshall Parish Endowment Trust Funds - Independent Examiner’s Report (Extract) - Approval of Financial Statements - Annual Parochial Church Meeting **Holy Trinity Church Eccleshall** Treasurer ( _To be Appointed)_ Independent Examiner Jonathan Hill (Lichfield DBF) **St Chad’s Church Slindon** Treasurer John Leather Independent Examiner Tony Cahalin **Eccleshall Parish Trust Funds** Treasurer ( _To be Appointed)_ Independent Examiner Jonathan Hill (Lichfield DBF) **Bank** NatWest Bank Stafford Greengate (A) Branch 41 Greengate Street Stafford ST16 2JA _**NOTE: The attached Financial Statements contain the Statements of Financial Affairs and supplementary financial schedules for Holy Trinity Church Eccleshall, St Chads Church Slindon, and the Eccleshall Parish Trust Funds. There may be minor discrepancies in the totals which have been rounded to the nearest pound and the pence are not being shown in the financial details.**_ Page 9 of 31 ## **Financial Review for the Year to 31[st] December 2020** The accounts have been prepared under the financial reporting and governance requirements for parishes and registered charities SORP (FRS102). Unrestricted, Designated, and Restricted Funds are held by **Eccleshall PCC on behalf of Holy Trinity Church, Eccleshall, and St Chad’s Church, Slindon.** The PCC also acts as Administrative Trustee in conjunction with Lichfield Diocesan Board of Finance (DBF) as Custodian Trustee in the administration of the **Parish Endowment Trust Funds** which are held independently from the PCC Funds and are managed within the specific terms of the respective Trust Deeds. The Total Funds of Holy Trinity Eccleshall PCC (excluding the Parish Trust Funds) are held in individual funds which are categorised as Unrestricted, Designated, and Restricted Funds with the shortfall of receipts over payments in the Unrestricted Church General Fund offset during the year by specific donations and transfers from other Designated and Restricted Funds. The allocation of **Eccleshall PCC Funds** and **Parish Trust Funds** as at the end of 2020 is summarised as follows: ||**Holy Trinity Eccleshall Allocation of Funds– December 2020**
**2020**
**2019**
**_£_**
**_£_**
**Church General Account (Unrestricted)**
**20849**
**34263**| |---|---| ||Parish Room Fund
763
1198
Special Projects Fund
15098
40163| ||**Designated Funds (Unrestricted)**
**15861**
**41361**| ||Conservation Fund / War Memorial Fund
57001
52536
Organ Fund
1230
1225
IDS Fund – Lichfield DBF
1412
1100| ||**Reserved Funds(Restricted)**
**59643**
**54860**| ||**Total Funds of Holy Trinity PCC**
**96353**
**130484**| ||**St Chad’s Slindon Allocation of Funds– December 2020**
**2020**
**2019**
**£**
**£**
Unrestricted Funds
48210
69695
Designated Funds
141596
122548
Restricted Funds
3346
3594
**Total Funds of St Chad’s Slindon**
**193152**
**195837**
**Eccleshall Parish Trust Funds– December 2020**
**2020**
**2019**
**£**
**£**
Trust Fund TN520 – The Eyeswell Trust
166758
151452
Trust Fund TN710 – The Shaw’s Lane Trust
2000015
1900218
**Total Eccleshall Parish Trust Funds**
**2166773**
**2051670**
**TOTAL ECCLESHALL PCC & PARISH TRUST FUNDS**
**2456278**
**2377991**| ||| ||| ||| ||| ||| Page 10 of 31 ## **1. Holy Trinity Church Eccleshall - General Fund (Unrestricted)** The Unrestricted Church General Fund includes the regular costs and expenses of Holy Trinity Church in Eccleshall. The PCC continued to manage the church finances during the year against a background of falling church income and rising costs compounded by the impact of the restrictions arising from the coronavirus pandemic. The fund showed a shortfall of income over expenditure of £88295 for the year. The closing balance on the General Fund at the end of the year was £20849 after making net transfers of £74881 from Designated Funds and Parish Trust Fund TN710. In the absence of any increase in planned giving and voluntary contributions it is projected that further support from other funds will be required in future years. ||**Holy Trinity Church General Fund (Unrestricted)**
**2020**
**2019**
**£**
**£**
Total Income
51445
86483
Total Expenditure
(87493)
(112671)
AV & Reordering Project
(52247)
0| |---|---| ||**Net Shortfall for the Year**
**(88295)**
**(26188)**| ||Opening Balance at 1stJanuary 2020
34263
16006
Net Transfers from other Funds
74881
44444| ||**Closing Balance at 31st December 2020**
**20849**
**34263**| - **Regular Church Income and Expenditure:** The level of regular Church Income after adjusting for exceptional one-off receipts and non-recurring items continues to fall short of the regular church expenditure. The impact of the coronavirus restrictions has increased the underlying shortfall of income compared to expenditure to a level more than £40000 per annum. - **Giving / Donations / Gift Aid:** The Church continues to be most appreciative of all those who supported Holy Trinity during the year which represents the most significant source of income. Regular giving and collections at services were severely reduced after the lockdown restrictions were introduced in March. Total donations including Gift Aid tax recovered reduced from £56484 to £40781 compared to last year. - **Funerals and Weddings:** Total fees of £5271 were significantly lower than the £14580 in last year with Funeral Fees waived from March to October. - **Fundraising:** Fundraising Events organised by the Worship and Social Committee were cancelled after March reflected in a reduction of £6772 in fund raising activity compared to last year. The only significant activity during the year was a Christmas raffle which raised £2331. We are grateful to all those who supported the Fund-Raising Events. Page 11 of 31 - **Trinity Magazine:** Sales of Trinity Magazine of £2097 were marginally down on last year with a reduction in the number of magazines published. However, advertising revenue has been deferred to next year because of the restrictions. We are grateful to all the distributors, subscribers, and advertisers and would welcome any opportunity to increase the circulation of Trinity which is an important communication channel within the Parish. - **Parish Share / Church Running Costs:** The Parish Share paid to the Lichfield Diocese increased in the year by £1085 to £55933. Church running costs were reduced reflecting the less frequent use of the church with the primary fixed costs including electricity (£3462), Heating Oil (£2027), Insurance (£4563), Photocopier (£1644), Cleaning (£1542) and Churchyard Expenses (£3434). - **Professional Charges:** Professional charges of £10725 include Architect Fees (£8249) and Heating Consultancy Fees (£2376) related to the planning for the re-ordering of the church. - **AV Project:** The primary item of expenditure in the year related to the installation of an Audio-Visual System (£41432) which has enhanced church acts of worship particularly for younger generations and facilitated the online streaming of services during the periods of restricted church opening. - **Related Party Transactions:** Clergy fees and related expenses of £867 were paid to the incumbent and members of the clergy team related to their functions of ministry within the Parish. Administrative expenses of £125 were paid to the PCC Secretary. Verger fees of £120 were paid to a PCC Churchwarden. There were no remuneration or other taxable benefits paid to other members of the PCC. Donations in total of £11844 were received from eight Trustees during the year, all of which were received without conditions. ## **2. Holy Trinity Church – Designated Funds** The Church Accounts follow a standard categorisation of Designated and Restricted Funds based on the principle that income received by the PCC will only be restricted if it has been given for a specific purpose. Where the PCC decides after receipt to designate funds for a specific purpose, those funds remain unrestricted for accounting purposes. The following funds are Designated Funds: Page 12 of 31 ## **2.1 Parish Room Fund (Designated)** ||**Parish Room Fund (Designated)**
**2020**
**2019**
**£**
**£**
Total Income
2281
6902
Total Expenditure
(2716)
(4925)
Parish Room Refurbishment Project
0
(5465)| |---|---| ||**Net Surplus / (Shortfall) for the Year**
**(435)**
**(3487)**| ||Opening Balance 1stJanuary 2020
1198
4686
Transfer (to) / from Church General Fund
0
0| ||**Closing Balance 31st December 2020**
**763**
**1198**| - The PCC are grateful to the Parish Room Committee for their work during the year on a voluntary basis raising funds and cleaning and maintaining the room. - The Parish Room was closed with effect from March reflected in a loss of income of £4621 compared to last year. - Costs of operating the Parish Room were significantly lower than last year reducing the annual shortfall to £435. ## **2.2. Special Projects Fund (Designated)** ||**Special Projects Fund (Designated)**
**2020**
**2019**
**£**
**£**
Opening Balance 1stJanuary 2020
40163
10767
Legacy Received / Interest
66
1090
Net Transfer (to)/from Church General Fund
0
1175
Transfer from HT Conservation Fund – Bishops Path
0
2000
Transfer from Trust Fund TN710 – AV Project
0
40000
Transfer to General Fund – AV Project
(25131)
(14869)| |---|---| ||**Closing Balance 31st December 2020**
**15098**
**40163**| - The primary transfer from the Special Projects Fund was to the Church General Fund for the payment of the balance of the AV Project. - The closing balance includes designated funds for the Trinity Tots Group (£2000), Messy Church (£1500), future Saints Alive productions (£350), completion of the Bishops Path area for the burial of cremated remains (£8500) and other unallocated legacies and donations (£1748). ## **3. Holy Trinity Church – Restricted Funds** Restricted Funds represent funds which have been donated for a specific purpose including grants, public appeals, and donations. The PCC will be in breach of trust if restricted income is used other than for the specific purpose. The following funds are held as Restricted Funds: Page 13 of 31 ## **3.1 Organ Restoration Fund (Restricted)** ||**Organ Restoration Fund (Restricted)**
**2020**
**2019**
**£**
**£**
Opening Balance at 1stJanuary 2020
1224
1216
Donations / Gift Aid Tax Recovered / Interest
5
9| |---|---| ||**Closing Balance at 31st December 2020**
**1229**
**1225**| - The Organ Restoration Appeal Fund was launched in October 2015 with the previous major work on the historic organ at Holy Trinity Church undertaken in 1977. - An extensive programme of renovation, restoration, and enhancement was completed by Peter Spencer Limited in March 2017. - A balance of £1229 is held on the Organ Fund as a reserve against future repairs and maintenance. No specific donations were received during the year. ## **3.2 Holy Trinity Conservation Fund / War Memorial Fund (Restricted)** ||**2020**|**2019**| |---|---|---| ||**£**|**£**| |**Opening Balance 1st January 2020**|**52536**|**17835**| |Donations / Gift Aid Tax Recovered / Interest|2465|3017| |Legacy Received|2000|33684| |Transfer to Church Special Projects / General Fund|0|(2000)| |**Closing Balance 31st December 2020**|**57001**|**52536**| |**Holy Trinity Church Conservation Fund (Restricted)**|54823|50361| |**War Memorial Fund (Restricted)**|2178|2175| |**Closing Balance 31st December 2020**|**57001**|**52536**| - **The Holy Trinity Conservation Fund (£54823)** has the specific purpose of holding funds restricted to the long-term future of the fabric of Holy Trinity Church and Churchyard. - The Reserves policy of the Fund is based on a medium-term time frame which is reflected in an indicative upper limit for allocation in any one year. - Holy Trinity Church was most grateful to receive two legacies of £1000 each from the estates of the late Mrs Gladys Gray and the late Mr Anthony Whittall. - The Fund continued to receive regular individual contributions and one-off donations during the year which amounted to £2465 including Gift Aid Tax recovered and Interest. - Further works will be required to the church fabric and additional contributions for the specific purposes of the Fund would be much appreciated. Contributions to the Conservation Fund are held on a restricted basis separately from other general church funds. Page 14 of 31 - **War Memorial Fund (£2178)** Donations were received during 2018 from the project to add names to the War Memorial and to commemorate the centenary of the First World War. The total War Memorial Fund of £2178 is held within the restricted Conservation Fund and is ‘ring-fenced’ for the specific purposes of work related to the War Memorial and the area of the churchyard immediately adjacent to the War Memorial. ## **3.3 IDS Fund – Lichfield DBF (Restricted)** |**IDS Fund– Lichfield DBF (Restricted)**|**2020**|**2019**| |---|---|---| ||**£**|**£**| |Opening Balance as at 1stJanuary 2020|1100|788| |PCC Contribution (2020)|250|250| |DBF IDS Contribution Uplift 2019 (25%)|62|62| |**Closing Balance as at 31st December 2020**|**1412**|**1100**| - The Lichfield Interior Decoration Scheme (IDS) is a fund established to support parishes to maintain property occupied by the clergy through their incumbency. - The fund is maintained by Lichfield DBF with a payment of £250 made by parishes each year with a further 25% added by the Diocese in arrears in the following year. ## **4. Funds of St Chad’s Slindon** |**St Chad’s Income & Expenditure**|**2020**|**2019**| |---|---|---| ||**£**|**£**| |Income|18774|27876| |Expenditure|(15074)|(14465)| |**Net Surplus / (Deficit) for the Year**|**3700**|**13411**| - The PCC is grateful to the St Chad’s Slindon team for the continuation of the management of the finances on a balanced basis which compares favourably with many other relatively small churches within the Lichfield Diocese. - The reduction in the surplus for the year to £3700 compared to the prior year reflected the impact of the restrictions arising from the coronavirus pandemic. - The total funds held by St Chad’s are summarised as follows: |**St Chad’s Slindon Allocation of Funds**|**2020**|**2019**| |---|---|---| ||**£**|**£**| |Unrestricted Funds|48210|69695| |Designated Funds|141596|122548| |Restricted Funds|3346|3594| |**Total Funds of St Chad’s Slindon**|**193152**|**195837**| - Total Funds held by St Chad’s Slindon of £ are held in an Eden Tree Amity Investment Fund (£139435), a CCLA Deposit Account (£5506) and a Current Account (£48211). Page 15 of 31 ## **5. Eccleshall Parish Endowment Trust Funds (Restricted)** The Parish Trust Funds are managed by the PCC acting as Administrative Trustee in conjunction with the Lichfield Diocesan Board of Finance who act as Custodian Trustee and provide advice on investment strategy acting in accordance with the terms of the respective Trust Deeds. The Reserves Policy applied to the Trust Funds is based on the principle of holding adequate reserves to secure and maintain the long-term future of both churches within Eccleshall Parish with indicative limits to the amount of drawdown in any single financial year and the overall objective of the maintenance of the original capital balances on an inflation adjusted basis. The Trustees are advised of the balances on the relevant investment and deposit accounts which are subject to the Lichfield DBF audit. Individual transactions within the fund balances are managed by Lichfield DBF. ## **5.1 Parish Trust Fund TN520 - The Eyeswell Trust** ||**Parish Trust Fund TN520– The Eyeswell Trust**
**Capital Fund**
**Income Fund**
**Total Trust Fund**
**£**
**£**
**£**
Opening Balance 1stJanuary 2020
62905
88547
151452
Dividends Re-invested
0
4595
4595
Gain / (Loss) on Valuation
4344
6367
10710| |---|---| ||**Trust Fund TN520 Balance 31st December 2020**
**67249**
**99509**
**166758**| - Parish Trust Fund TN520 (‘The Eyeswell Trust’) operates under a Deed of Trust dated December 1977 with earlier documentation dating back to a conveyance of 1930 and an earlier deed of 1894. The Fund is held under the restrictions of the Trust Deed for the benefit of Eccleshall Parish (Holy Trinity and St Chad’s). - Drawdowns have been limited in recent years. However, with the ongoing financial shortfall in the church accounts, it is projected that a drawdown may be required on a more regular basis. - The Funds are invested in The CBF Church of England Investment Funds managed by CCLA. Dividends of £4595 were re-invested in the Fund which also reflected a valuation gain of £10710 in the year. Page 16 of 31 ## **5.2 Parish Trust Fund TN710 – The Shaw’s Lane Trust** ||**Parish Trust Fund TN710– The Shaw’s Lane Trust**
**Deposit**
**Accounts**
**Investment**
**Accounts**
**Total TN710**
**Trust Fund**
**£**
**£**
**£**
**Opening Balance 1st January 2020**
**151127**
**1749091**
**1900218**
Transfer to Church General Fund
(50000)
0
(50000)
Investment Income
35583
15279
50862
Interest
624
0
624
Withdrawals
(10000)
0
(10000)
Gain / (Loss) on Valuation
0
108311
108311| |---|---| ||**Parish Trust Fund Balance 31st December 2020**
**127334**
**1872681**
**2000015**| - Parish Trust Fund TN710 (‘The Shaw’s Lane Trust’) operates under a Deed of Trust dated 6[th] November 1930 and held land under a Joint Venture with Staffordshire County Council. In November 2015, a contract was completed for the sale of the land with the funds arising held within the Joint Venture and released on a phased basis during 2016 and 2017. - The Funds are managed in conjunction with Lichfield DBF and are held in CCLA Deposit and Investment Accounts and an investment portfolio managed by Cannacord Genuity. The Funds are summarised as follows: |Funds are summarised as follows:||| |---|---|---| ||**2020**|**2019**| ||**£**|**£**| |CCLA Deposit Account|127334|151127| |CCLA Investment Fund|983849|920300| |CCLA Global Equity Fund|294106|247028| |Cannacord Genuity Investment Fund|594816|581763| |**Parish Trust Fund TN710 – The Shaw’s Lane Trust**|**2000015**|**1900218**| - The Trustees approved a drawdown of £50000 during the year to cover the shortfall on the Holy Trinity Church General Fund. - Dividend income of £50862 and Interest of £624 were received during the year and direct withdrawals of £10000 were made to fund mission and pastoral work with young people within Eccleshall Parish and to contribute towards the costs of a Parish Administrator. - The Investment Fund included a gain on valuation at the end of the year of £108311 which reflected the strong recovery in financial markets in the final quarter of the year following the significant market downturn in the first quarter. It is projected that market volatility will continue during 2021. Page 17 of 31 ## **ECCLESHALL PAROCHIAL CHURCH COUNCIL (Holy Trinity Eccleshall & St Chad's Slindon) Financial Statements for the Year Ended 31st December 2020 Statement of Financial Activities** |**Incoming Resources**
Income and Endowments from:
Donations and Legacies
Activities for Generating Funds
Income from Investments
Church Activities
Other|**Unrestricted**
**Funds**|**Designated**
**Funds**|
**Restricted**
**Funds**|**Endowment**
**Trust Funds**|**Total**
**Funds 2020**|

**_Total_**
**_Funds 2019_**| |---|---|---|---|---|---|---| ||**£**
52,105
2,756
4,779
9,894
162|**£**
2,555
-
66
-
-|**£**
4,182
-
600
-
-|**£**
-
-
56,083
-
-|**£**
58,842
2,756
61,528
9,894
162|**_£_**
_115,237_
_11,021_
_67,098_
_26,234_
_928_| |Total|69,696|2,621|4,782|56,083|133,182|_220,517_| |**Resources Expended**
Expenditure on:
Raising Funds
Church Activities
Other|40
154,525
161|-
2,716
-|-
248
-|-
10,000
-|40
167,489
161|_1,611_
_148,203_
_-_| |Total|154,726|2,716|248|10,000|167,691|_149,814_| |||||||| |**Net Income/(Expenditure) before**
**Investmentgains/(losses)**|**(85,031)**|**(95)**|**4,534**|**46,083**|**(34,509)**|**_70,703_**| |Net gain/(losses) on iInvestments|-|(6,225)|-|119,021|112,797|_313,421_| |Net Income/(Expenditure)|(85,031)|(6,320)|4,534|165,104|78,288|_384,124_| |Transfer between Funds|50,131|(131)|-|(50,000)|-|_-_| |Net Movement in Funds|(34,900)|(6,451)|4,534|115,104|78,288|_384,124_| |Total Funds brought forward|103,958|163,908|58,455|2,051,670|2,377,991|_1,993,868_| |**Total Funds carried forward**|**69,058**|**157,457**|**62,989**|**2,166,774**|**2,456,279**|**_2,377,991_**| |||||||| Page 18 of 31 ## **ECCLESHALL PAROCHIAL CHURCH COUNCIL (Holy Trinity Eccleshall & St Chad's Slindon) Financial Statements for the Year Ended 31st December 2020 Balance Sheet** |**Fixed Assets**
Tangible Assets
Investment Assets
**Total Fixed Assets**
**Current Assets**
Current Investments
Debtors and prepayments
Cash at bank and in hand
**Total Current Assets**
**Current Liabilities - due within 1 year**
Creditors and accruals
Diocesan Payroll Agency
Total Current Liabilities
**Net Current Assets/(Liabilities)**
**Liabilities due after one year**
Creditors
Deferred Parish Share
**Total Liabilites due after one year**|**As at 31 Dec 2020**|**As at 31 Dec 2019**| |---|---|---| ||£
-
2,178,875|£
-
2,021,203| ||**2,178,875**|**2,021,203**| ||-
-
287,403|-
14,869
341,919| ||**287,403**|**356,788**| ||10,000
10,000|-
-| ||**277,403**|**356,788**| ||-
-|-
-| ||-|-| |||| |**Total Net Assets/(Liabilities)**|**2,456,278**|**2,377,991**| |||| |**Funds of the PCC**|**As at 31 Dec 2020**|**As at 31 Dec 2019**| |Unrestricted Funds
General Fund
Designated Funds
Restricted Funds
Endowment Funds|£
69,058
157,457
62,989
2,166,774|£
103,958
163,908
58,455
2,051,670| |**Total Funds**|**2,456,279**|**2,377,991**| |||| Page 19 of 31 ## **ECCLESHALL PAROCHIAL CHURCH COUNCIL (Holy Trinity Eccleshall & St Chad's Slindon) Financial Statements for the Year Ended 31st December 2020 Summary of Fund Movements** ||**Reserves at 1st**
**January**|**Incoming**
**Resources**|
**Resources**
**Expended**|**Investment**
**Gains/Losses**|
**Transfers**|**Reserves at 31st**
**December**|`| |---|---|---|---|---|---|---|---| |Holy Trinity
St Chads
Trust|**£**
34,263
69,695|**£**
69,696|**£**
(154,746)|**£**|**£**
75,131
(25,000)|**£**
24,343
44,695
-|| |**Unrestricted Funds**|**103,958**|**69,696**|**(154,726)**|**-**|**50,131**|**69,058**|| |**Designated Funds**
HT Parish Room
HT Special Projects
St Chad - Slindon Fund|1,198
40,163
122,547|2,281
66
274|(2,716)
-
-|-
-
(6,225)|-
(25,131)
25,000|763
15,098
141,596|| ||**163,908**|**2,621**|**(2,716)**|**(6,225)**|**(131)**|**157,457**|| |**Restricted Funds**
HT Organ Fund
HT Conservation / WM Fund
HT IDS Account
St Chad School Fund|1,225
52,536
1,100
3,594|5
4,465
312
-|-
-
-
(248)|-
-
-
-|-
-
-
-|1,230
57,001
1,412
3,346|| ||**58,455**|**4,782**|**(248)**|**-**|**-**|**62,989**|| |**Parish Trust Funds**
Eyeswell Trust (TN520)
Shaws Lane Trust(TN710)|151,452
1,900,218|4,596
51,487|-
(10,000)|10,710
108,311|-
(50,000)|166,758
2,000,016|| ||**2,051,670**|**56,083**|**(10,000)**|**119,021**|**(50,000)**|**2,166,774**|| ||||||||| |**Total Funds**|**2,377,991**|**133,182**|**(167,691)**|**112,797**|**-**|**2,456,279**|| ||||||||| Page 20 of 31 ## **Holy Trinity Church Eccleshall** ## **Statement of Financial Activities** ## **For the period from 01 January 2020 to 31 December 2020** ||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**Total**|**Prior year**| |---|---|---|---|---|---|---| ||**funds**|**funds**|**funds**|**funds**|**funds**|**total funds**| |**_Income and endowments from:_**||||||| |Donations and legacies|40,781|190|4,400|—|45,371|96,410| |Income from charitable activities|5,271|—|—|—|5,271|14,580| |Other trading activities|5,047|1,991|—|—|7,038|20,448| |Investments|0|66|70|56,082|56,219|60,606| |Other income|345|99|62|—|507|594| |**Total income**|**51,445**|**2,346**|**4,532**|**56,082**|**114,407**|**192,640**| |**_Expenditure on:_**||||||| |Raising funds|1,373|—|—|—|1,373|4,232| |Expenditure on charitable activities|63,690|—|—|10,000|73,690|80,141| |Other expenditure|74,676|2,716|—|—|77,392|50,975| |**Total expenditure**|**139,740**|**2,716**|**—**|**10,000**|**152,456**|**135,348**| |**Net income / (expenditure) resources before transfer**|**(88,294)**|**(369)**|**4,532**|**46,082**|**(38,049)**|**57,291**| |||||||| |**_Transfers_**||||||| |Gross transfers between funds - in|75,130|—|250|—|75,380|87,294| |Gross transfers between funds - out|(250)|(25,130)|—|(50,000)|(75,380)|(87,294)| |**_Other recognised gains / losses_**||||||| |Gains / losses on investment assets|—|—|—|119,021|119,021|301,825| |**Net movement in funds**|**(13,414)**|**(25,500)**|**4,782**|**115,104**|**80,972**|**359,117**| |**_Reconciliation of funds_**||||||| |**Total funds brought forward**|**34,262**|**41,361**|**54,860**|**2,051,669**|**2,182,154**|**1,823,036**| |**Total funds carried forward**|**20,848**|**15,860**|**59,643**|**2,166,773**|**2,263,126**|**2,182,154**| _**There may be minor discrepancies in the totals if the pence are not being shown**_ 12 March 2021 Page 1 Page 21 of 31 ## **ST CHADS SLINDON** ## **STATEMENT OF FINANCIAL AFFAIRS - Year to 31st December 2020** |**Receipts and Payments - Year to 31st December 2020**|**2020**|**2019**| |---|---|---| |**Receipts**
Planned Giving
Collections and Other Giving
Other Voluntary Receipts
Gift Aid Recovered
Other Receipts
Activities for Generating Funds
Investment Income
Receipts from Church Activities|**£**
8229
1581
0
2388
319
0
5308
340|**£**
8832
2117
1000
6532
678
1493
6491
733| |**Total Receipts**|**18165**|**27876**| |**Payments**
Missionary and Charitable Giving
Parish Share
Clergy and Staffing Costs
Church Running Expenses
Church Repairs and Maintenance|400
10231
0
2502
1941|627
9982
990
2555
311| |**Total Payments**|**15074**|**14465**| |||| |**Net Surplus of Receipts over Payments**
Gains/Losses on Investment Assets|**3091**
**-5776**|**13411**
11595| |**Net Movement in Funds**|**-2685**|**25006**| |**Balance Sheet Summary as at 31st December 2020**
Current Account
Deposit Account - CCLA
Investment Account - Eden Tree Amity|**£**
48211
5506
139435|**£**
69695
5482
120660| |---|---|---| |**Net Assets**|**193152**|**195837**| |**Represented by Funds:**
Unrestricted
Designated
Restricted|48210
141596
3346|69695
122548
3594| |**Total Funds**|**193152**|**195837**| _**There may be minor discrepancies in the totals if the pence are not being shown**_ Page 22 of 31 ## **Holy Trinity Church Eccleshall** ## **Balance sheet (Summary) As at: 31 December 2020** ||**£**
**As at 31/12/2020**|**£**
**As at 31/12/2019**| |---|---|---| |**Current assets**
Debtors
Investments
Cash at bank and in hand
**Net current assets less current liabilities**
**Total assets less current liabilities**
**Total net assets less liabilities**
**Represented by**
**Unrestricted**
Unrestricted - General fund
**Designated**
Designated - Parish Room Fund
Designated - Special Projects Fund
**Restricted**
Restricted - Organ Fund
Restricted - Holy Trinity Conservation Fund
Restricted - IDS Fund - Lichfield DBF
**Endowment**
Endowment - Trust Fund TN520 - Capital
Endowment - Trust Fund TN520 - Income
Endowment - Trust Fund TN710
**Funds of the church**|—
2,166,773
96,352
2,263,126
**2,263,126**
**2,263,126**
**2,263,126**
20,848
762
15,098
1,230
57,000
1,412
67,249
99,509
2,000,015
**2,263,126**|14,869
2,051,669
115,615
2,182,154
**2,182,154**
**2,182,154**
**2,182,154**
34,262
1,198
40,162
1,224
52,535
1,100
62,905
88,546
1,900,217
**2,182,154**| _**There may be minor discrepancies in the totals if the pence are not being shown**_ Page 23 of 31 12 March 2021 Page 1 ## **Holy Trinity Church Eccleshall** ## **Balance Sheet detailed** |||**31/12/2020**
**31/12/2019**
**As at**
**As at**| |---|---|---| |**Current assets**
20,698
6501: General Fund - Current Account
19,243
762
6502: Parish Room - Current Account
1,198
2,186
6503: Designated Fund - Current Account
27,305
41,660
6504: Conservation Fund - Current Account
37,260
150
6511: General Fund - CBF Account
149
12,911
6512: Designated Fund - CBF Account
12,857
1,230
6514: Organ Fund - CBF Account
1,224
15,340
6515: Conservation Fund - CBF Account
15,275
1,412
6516: Restricted IDS Fund - LDBF Account
1,100
67,249
6517: Trust Fund TN520 - Capital
62,905
99,509
6518: Trust Fund TN520 - Income
88,546
127,334
6519: Trust Fund TN710 - Deposit Account
151,126
983,849
6520: Trust Fund TN710 - CCLA Investment I
920,300
294,015
6521: Trust Fund TN710 - CCLA Investment II
247,027
594,816
6522: Trust Fund TN710 - CG Investment
581,763
—
Z05: Accounts Receivable
14,869
**2,263,126**
**Total Current assets**
**2,182,154**
**2,263,126**
**Net Asset surplus (deficit)**
**2,182,154**
**Reserves**
(38,049)
Excess / (deficit) to date
57,291
2,182,154
Z01: Starting balances
1,823,036
119,021
Z02: Gains/(losses) on investment assets
301,825
**2,263,126**
**Total Reserves**
**2,182,154**
20,848
Unrestricted
34,262
15,860
Designated
41,361
59,643
Restricted
54,860
2,166,773
Endowment
2,051,669
**Represented by Funds**
**2,263,126**
**2,182,154**
**Total**||| |||| |||| _**There may be minor discrepancies in the totals if the pence are not being shown**_ ~~Page 24 of 31~~ 12 March 2021 Page 1 **Holy Trinity Church Eccleshall Receipts and payments Selected period: 01 January 2020 to 31 December 2020** ||**From**||**01 January 2020**|**01 January 2019**| |---|---|---|---|---| |**_Note_**|**To**|**31 December 2020**||**31 December 2019**| |**General**|**- General fund (Unrestricted) Fund**|||| ||**Income and endowments**|||| ||Donations and legacies|||| ||Gift Aid - Bankers Orders||21,514|22,330| ||Gift Aid - Envelopes||2,896|6,753| ||Other Planned Giving||5,552|5,550| ||Cash Collections - Services||736|5,991| ||Envelopes - non Gift Aid||73|457| ||Sundry Gifts - Gift Aid||500|—| ||Donations - General||1,087|1,613| ||Donations - Wall Safe||9|231| ||Donations - Funerals||806|455| ||Donations - Specific||543|1,503| ||Gift Aid - Tax Recovered||7,062|11,597| ||_Total Donations and legacies_||_40,781_|_56,483_| ||Income from charitable activities|||| ||Fees - Weddings||233|3,858| ||Fees - Funerals||5,038|10,722| ||_Total Income from charitable activities_||_5,271_|_14,580_| ||Other trading activities|||| ||Special Events - Fund Raising||2,756|9,528| ||Trinity Magazine - Advertising||195|3,095| ||Trinity Magazine - Sales||2,096|2,262| ||_Total Other trading activities_||_5,047_|_14,886_| ||Investments|||| ||Bank Interest||0|1| ||_Total Investments_||_0_|_1_| ||Other income|||| ||Grants - Recurring||345|345| ||Other Income||—|187| ||_Total Other income_||_345_|_532_| ||**Total income and endowments**||**51,445**|**86,483**| ||**Expenditure**|||| ||Raising funds|||| ||Costs of Special Events||40|1,611| ||Trinity Magazine - Printing||1,333|2,621| ||_Total Raising_|_funds_|_1,373_|_4,232_| ||Expenditure on charitable activities|||| ||Giving - Charitable Donations||690|1,261| ||Ministry Parish Share||58,933|57,848| ||Incumbent Expenses||268|947| ||Youth Worker Expenses||—|125| ||Clergy Fees||599|284| ||Altar Requisites||140|283| ||Organist / Choir||1,130|4,508| ||Church Services - Sundry||1,452|1,975| ||Training / Education / Mission||477|619| ||_Total Expenditure on charitable activities_||_63,690_|_67,852_| _**There may be minor discrepancies in the totals if the pence are not being shown**_ 12 March 2021 Page 1 Page 25 of 31 **From 01 January 2020 01 January 2019 To 31 December 2020 31 December 2019** _**Note**_ |**31 De**
**To**
**_Note_**|**cember 2020**
**31**|**December 2019**| |---|---|---| |Other expenditure||| |Administrator Expenses|125|1,476| |Telephone|1,046|924| |Stationery / Printing / Books|745|483| |Subscriptions / Gifts|121|666| |Computing / IT|397|177| |Photocopier|1,643|1,731| |Organ Servicing|757|684| |Bank Charges|100|100| |Professional Charges|10,815|4,904| |Church - Electricity|3,462|3,639| |Church - Heating Oil|2,027|4,086| |Church - Maintenance|422|2,086| |Church - Cleaning|1,542|586| |Church - Security|1,047|760| |Church - Insurance|4,562|4,439| |Church - Equipment / Fittings|422|6,436| |Church - AV Project|41,432|—| |Churchyard Maintenance|3,434|3,438| |Churchyard - Major Repairs|—|2,253| |Vicarage - Maintenance|569|1,710| |_Total Other expenditure_|_74,676_|_40,585_| |**Total expenditure**|**139,740**|**112,670**| |Excess of Income and endowments over Expenditure|(88,294)|(26,187)| |Brought forward balance|34,262|16,006| |Transfers to/(from)|74,880|44,444| |**Total carried forward balance**|**20,848**|**34,262**| |**Room - Parish Room Fund (Designated) Fund**||| |**Income and endowments**||| |Donations and legacies||| |Donations - General|190|640| |Donations - Specific|—|700| |_Total Donations and legacies_|_190_|_1,340_| |Other trading activities||| |Parish Room - Rental Income|1,991|5,562| |_Total Other trading activities_|_1,991_|_5,562_| |Other income||| |Other Income|99|—| |_Total Other income_|_99_|_—_| |**Total income and endowments**|**2,280**|**6,902**| |**Expenditure**||| |Other expenditure||| |Stationery / Printing / Books|10|71| |Parish Room - Electricity|773|1,160| |Parish Room - Insurance|718|703| |Parish Room - Maintenance|14|1,445| |Parish Room - Water|183|429| |Parish Room - Cleaning|1,005|923| |Room - Equipment / Fittings|11|189| |Room - Repairs / Refurbishment|—|5,465| |_Total Other expenditure_|_2,716_|_10,389_| _**There may be minor discrepancies in the totals if the pence are not being shown**_ 12 March 2021 Page 2 Page 26 of 31 **From 01 January 2020 01 January 2019 To 31 December 2020 31 December 2019** _**Note**_ |**Total expenditure**
Excess of Income and endowments over Expenditure
Brought forward balance
**Total carried forward balance**|**2,716**
**10,389**| |---|---| ||(435)
(3,487)
1,198
4,685| ||**762**
**1,198**| ## **Organ - Organ Fund (Restricted) Fund** |**rgan Fund (Restricted) Fund**||| |---|---|---| |**Income and endowments**||| |Investments||| |Bank Interest|5|9| |_Total Investments_|_5_|_9_| |**Total income and endowments**|**5**|**9**| |Excess of Income and endowments over Expenditure|5|9| |Brought forward balance|1,224|1,215| |**Total carried forward balance**|**1,230**|**1,224**| |**- Holy Trinity Conservation Fund (Restricted) Fund**||| |**Income and endowments**||| |Donations and legacies||| |Gift Aid - Bankers Orders|1,920|2,220| |Donations - Specific|—|100| |Gift Aid - Tax Recovered|480|582| |Legacies|2,000|33,684| |_Total Donations and legacies_|_4,400_|_36,586_| |Investments||| |Bank Interest|64|113| |_Total Investments_|_64_|_113_| |**Total income and endowments**|**4,464**|**36,700**| |Excess of Income and endowments over Expenditure|4,464|36,700| |Brought forward balance|52,535|17,834| |Transfers to/(from)|—|(2,000)| |**Total carried forward balance**|**57,000**|**52,535**| |**Special Projects Fund (Designated) Fund**||| |**Income and endowments**||| |Donations and legacies||| |Donations - Specific|—|1,000| |Legacies|—|1,000| |_Total Donations and legacies_|_—_|_2,000_| |Investments||| |Bank Interest|66|89| |_Total Investments_|_66_|_89_| |**Total income and endowments**|**66**|**2,089**| |Excess of Income and endowments over Expenditure|66|2,089| ## **Conserve - Holy Trinity Conservation Fund (Restricted) Fund** ## **Projects - Special Projects Fund (Designated) Fund** _**There may be minor discrepancies in the totals if the pence are not being shown**_ 12 March 2021 Page 3 Page 27 of 31 **From 01 January 2020 01 January 2019 To 31 December 2020 31 December 2019** _**Note**_ |**3**
**To**|**1 December 2020**
**31 December 2019**| |---|---| |Brought forward balance
Transfers to/(from)
**Total carried forward balance**|40,162
10,767
(25,130)
27,305| ||**15,098**
**40,162**| ## **IDS-DBF - IDS Fund - Lichfield DBF (Restricted) Fund** |**- IDS Fund - Lichfield DBF (Restricted) Fund**||| |---|---|---| |**Income and endowments**||| |Other income||| |Other Income|62|62| |_Total Other income_|_62_|_62_| |**Total income and endowments**|**62**|**62**| |Excess of Income and endowments over Expenditure|62|62| |Brought forward balance|1,100|787| |Transfers to/(from)|250|250| |**Total carried forward balance**|**1,412**|**1,100**| |**p - Trust Fund TN520 - Capital (Endowment) Fund**||| |Brought forward balance|62,905|52,984| |Adjustments|4,343|9,920| |**Total carried forward balance**|**67,249**|**62,905**| ## **TN520Cap - Trust Fund TN520 - Capital (Endowment) Fund** ## **TN520Inc - Trust Fund TN520 - Income (Endowment) Fund** |**- Trust Fund TN520 - Income (Endowment) Fund**||| |---|---|---| |**Income and endowments**||| |Investments||| |Investment Income|4,595|4,330| |_Total Investments_|_4,595_|_4,330_| |**Total income and endowments**|**4,595**|**4,330**| |Excess of Income and endowments over Expenditure|4,595|4,330| |Brought forward balance|88,546|70,744| |Adjustments|6,366|13,471| |**Total carried forward balance**|**99,509**|**88,546**| ## **TN710 - Trust Fund TN710 (Endowment) Fund** |**Income and endowments**||| |---|---|---| |Investments||| |Bank Interest|623|1,632| |Investment Income|50,862|54,429| |_Total Investments_|_51,486_|_56,062_| |**Total income and endowments**|**51,486**|**56,062**| |**Expenditure**||| |Expenditure on charitable activities||| |Training / Education / Mission|10,000|12,288| |_Total Expenditure on charitable activities_|_10,000_|_12,288_| |**Total expenditure**|**10,000**|**12,288**| _**There may be minor discrepancies in the totals if the pence are not being shown**_ 12 March 2021 Page 4 Page 28 of 31 |**31 December 2020**
**31 December 2019**
**01 January 2020**
**01 January 2019**
**From**
**To**
**_Note_**|**31 December 2020**
**31 December 2019**
**01 January 2020**
**01 January 2019**
**From**
**To**
**_Note_**| |---|---| |Excess of Income and endowments over Expenditure
Brought forward balance
Transfers to/(from)
Adjustments
**Total carried forward balance**|41,486
43,773
1,900,217
1,648,009
(50,000)
(70,000)
108,311
278,433
**2,000,015**
**1,900,217**| _**There may be minor discrepancies in the totals if the pence are not being shown**_ 12 March 2021 Page 5 Page 29 of 31 ## **Independent Examiner’s Statement to the Members / Trustees of the Parochial Church Council of the Ecclesiastical Parish of Eccleshall (Holy Trinity and St Chads)** Separate independent examinations of the accounts of Holy Trinity Eccleshall, St Chad’s Slindon and the Eccleshall Parish Endowment Trust Funds for the year ended 31[st] December 2020 have been conducted and the following statement is an extract from the report of each independent examiner: In connection with my examination, no matters have come to my attention. 1. which give me reasonable cause to believe that in any material respect the requirements - to keep accounting records in accordance with s.130 of the 2011 Act: or - to prepare accounts which accord with these accounting records have not been met; or **2.** to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. **Jonathan Hill** _**(Lichfield DBF)**_ **Tony Cahalin Jonathan Hill** _**(Lichfield DBF)**_ **Independent Examiner Independent Examiner Independent Examiner Holy Trinity Church St Chad’s Church Eccleshall Parish Trust Funds Eccleshall Slindon** ## **Approval of Accounts by Eccleshall PCC** These Financial Statements of Eccleshall Parochial Church Council and the Eccleshall Parish Endowment Trust Funds have been prepared in accordance with the Church Accounting Regulations 2006 and The Charities Act 2011 using the Accruals basis of accounting. The Financial Statements were approved by the Members / Trustees of the Eccleshall Parochial Council on **25[th] March 2021** and signed on their behalf by Rev Jules Walker and David Beswick, Co-Vice Chair of the PCC **Rev Jules Walker David Beswick** Page 30 of 31 ## **Holy Trinity and St Chad’s Churches in the Community** The PCC is extremely grateful for all donations and financial support which has been provided during 2020. However, with the ongoing shortfall in the Church General Fund, the Church continues to need as much support as you feel able to give. Further information is also contained in The Parish Plan and other details which are available at the back of the Church. The Church continues to be dependent on a relatively small number of regular donors within the parish with 20 donors providing over two-thirds of the regular church income. The PCC continues to take initiatives to raise the profile of the need for regular giving particularly under the HMRC Gift Aid arrangements and is currently trialling card reader for automated donations at church services. There are many ways in which you can help, in particular: - Please increase your regular giving or donations at Church events to help support the increasing costs of running the church. - If you are a UK taxpayer, please provide any gifts or donations through the ‘Gift Aid’ scheme which allows the Church to claim an additional 25% from HMRC. - If you wish only to support the Fabric (Building) of Holy Trinity Church as opposed to contributing to the general running expenses of the Church, please make a gift or donation to The Holy Trinity Conservation Fund. - You are invited to purchase a regular monthly copy of Trinity magazine which provides details of all events and activities within Eccleshall Parish for both Holy Trinity and St Chads Slindon. - Further details of church activities can be found on the church website at www.eccleshallparish.com or the Holy Trinity Facebook Page. ## **Annual Parochial Church Meeting – 7.15 pm Thursday 15[th] April 2021** **The Trustees’ Report and Financial Statements of the Parochial Church Council will be presented at the Annual Parochial Church Meeting. This takes place at 7.15 pm on Thursday 15th April, in Holy Trinity, when everyone will be welcome.** Page 31 of 31