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2021-12-31-accounts

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 2021

March 2022

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 2021 were:

Ex Officio Members:
Clergy
 Reverend Jules Walker_(Vicar)_
(Resigned 30th June 2021)
Reverend Stephen Habgood
(PTO Licensed to Lichfield Diocese)
Churchwardens Kate Griffiths
Allan Dale
Jonathan Jones
John Treanor_(Lay Co-Chair of the PCC)_
Diocesan Synod Member Jonathan Jones
Deanery Synod Members Jonathan Jones_(Deanery Lay Chair)_
David Beswick_(Lay Co-Chair of the PCC)_
Lorna Sant / Clare Lockett
Hazel Bradshaw
Kate Griffiths
PCC Members:
Olivia Baines_(Resigned 1st February 2022)
John Leather(St Chad’s Treasurer)_
Hazel Bradshaw David Milner
John Bradshaw Judith Norton
Joseph Cheetham-Wilkinson Chris Reynolds
(Resigned 19th March 2021) Nancy Reynolds
Mary Leather Keith Winstanley
PCC Secretary (Not elected to the PCC)
Emily Howard
Licensed Lay Reader (Not elected to the PCC)
Geoff Dingle

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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 2021 Report and Accounts for the Eccleshall Parochial Church Council

SECTION I – TRUSTEES’ ANNUAL REPORT 2021

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 2021 has been consistent 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:

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.

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3. Structure, Governance and Management

The PCC is a Body Corporate established by the Church of England and is a Charity registered with the Charity Commission. The PCC is governed by the Parochial Church Council Powers Measure (1956) as amended that came into effect on 2[nd] January 1957, and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended).

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 2021 are detailed on Page 1 of the report. The membership includes fifteen 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 several 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. Prior to Rev’d Jules taking up a new position, a change in the governance and structure of the PCC sub-committees was proposed but is currently ‘on hold’.

4. Activities and Achievements - Holy Trinity Church Eccleshall

The COVID19 pandemic continued to cause considerable disruption as it had in 2020. Despite the year beginning with churches closed for worship, we offered weekly on-line services streamed from the Vicar’s home until the beginning of February when an officiant and small group (organist, technician and singer) was allowed to live stream from inside the building. These hybrid services continued until April when were able to invite our congregation back in person to celebrate Easter. Thirty-one attended Holy Communion on Easter Day and a number joined on-line. After this, services continued in various forms throughout the year and the church remained open daily to visitors and for private prayer.

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We remained cautious regarding the pandemic, following all Government and Church guidelines and were happy that we could celebrate Christmas in church with 102 attending either on Christmas Eve or Christmas morning. Personal and family services had been on hold since early in the pandemic, so the first Wedding and Baptism held, both of which took place in July, were very joyous occasions. In total we celebrated six weddings and welcomed seven babies to be christened. There were twenty-two funerals held either in church or at a crematorium.

The weekly News and Service Information sheets continued to be sent via email and posted on our website and Facebook pages, with hard copies displayed on notice boards. These are appreciated by a growing number of recipients. Our aim throughout the year was to connect with our parishioners and welcome them to as many events and activities as possible, be it on-line or in person. In April volunteers were able to safely distribute Mothering Sunday plants and Palm Crosses to local households. Our Palm Sunday Service and Good Friday reflection were live streamed. We opened for private prayer following the death of His Royal Highness the Prince Philip. In May we joined with Churches Together for a Christian Aid Service. Earlier in the year we were informed that Rev’d Jules was moving to take up a new position with the Uttoxeter Area Team Ministry. We made presentations to thank Jules for her ministry with us at a special service at the end of June.

We then entered a period of Interregnum. At the beginning of August, the newly appointed Bishop of Stafford the Rt Rev’d Matthew Parker, previously Archdeacon of Stoke on Trent, presided at a service. It was the first time that the congregation had been able to sing the hymns since being allowed back into church, so the singing was particularly heartfelt, that Sunday. A Civic Service of Thanksgiving for the life of the Parish took place early in October and we were pleased that it was possible to hold the Annual All Souls’ Service again at the end of the month, remembering especially all those who had died over the past year.

November brought the community together for a Service of Remembrance followed by the laying of wreaths at the War Memorial. We then prepared for Christmas on the understanding that events organised might have to be cancelled at the last minute. A successful Christmas Tree Festival brought a number of visitors, the church looking splendid with over forty beautifully decorated trees. Refreshments were served throughout, and entertainment provided by Broughton Community Choir and Eccleshall Band.

In December we felt it was the right time to bring back our Wednesday 11.00am Communion Service initially on a monthly basis. The North Staffs Association of Change Ringers held a Service of Thanksgiving and Praise in Holy Trinity, as part of their Annual General Meeting and we held a Christmas social event to thank all who help with the production and distribution of our Parish Magazine. Pupils from Bishop Lonsdale Academy came on four separate occasions to present their Nativity Productions and Christmas Services, to parents. Our large church provided a much safer environment during the pandemic than their own school hall.

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It was a real pleasure to have the church full of happy children again after so long. The Churches Together Service of traditional Lessons and Carols was appreciated by all attending. On Christmas Eve we held an Open Afternoon for all to come and look at our Nativity scenes and enjoy the decorated Christmas trees. The children were invited to bring a decoration for the special Children’s Tree, as a gift for the baby Jesus. The church remained open and lit throughout the Festive period.

Social events had been on hold. However, in September, we started a fortnightly Coffee and Fellowship morning in the Parish Room, inviting all to enjoy a drink and a natter with friends. This proved popular both with helpers and those attending. Home Communions resumed in December under strict Covid Guidelines. 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, a Grand Raffle was organised with help from the Trinity Magazine Team, who delivered tickets with the magazine. Tickets were also sold at the Christmas Tree Festival. People were very generous, and a magnificent sum was raised.

The Audio-Visual system in church has proved an invaluable resource over the last year, being used for services most weeks. This enabled parishioners who were isolating to ‘zoom’ in on Sunday mornings. Just before Christmas we were able to share all Bishop Lonsdale Academy’s Christmas Nativities and Carol Services with parents and grandparents at home. We broadcast four separate events to fit in with the children’s bubbles. Most funerals now use some contemporary music and the undertakers have been delighted that we can offer such a highquality sound system. We are helping to train them up to be able to use it independently of church staff. We have ‘zoomed’ several funerals with participants in the USA, Canada, Iceland, New Zealand and Australia. To enable a close family member to participate in the service from the other side of the world has been a great support in challenging times. We are still very reliant on a couple of regular church members to operate the system and need to attract more technically minded help.

We are most grateful for the support we have received from The Rev’d Stephen Habgood, who has led most of our services since July. He has also officiated at Funerals, Weddings and Baptisms, all with great skill and good humour. We also thank Geoff Dingle, Rev’d James Graham, Rev’d Prebendary Graham Fowell and others who have been willing to help us too. We look forward to 2022 and the appointment of a new Vicar, with excitement and optimism.

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5. Activities and Achievements - St Chad’s Church, Slindon

Unfortunately, the year started with the covid pandemic maintaining its grip, which meant there were no services in St Chad’s from the start of the year until Easter. As the Warden was the designated person and therefore the only one allowed to enter Church, it sometimes felt that we had abandoned our beloved building.

Services were resumed at Easter and thereafter the pattern was continued with three services each month (2 Holy Communion and 1 Morning Prayer or Matins). Numbers were still restricted to allow social distancing: we had musical accompaniment but no singing until August. St Chad’s was open for Private Prayer when there was no service.

One noticeable exception was a Rogation service held outside at Lower House, when a good congregation sang lustily to guitar accompaniment in excellent weather and beautiful surroundings. Sadly, this Rogation service was Jules’ penultimate with us, taking her last service at St Chad’s on June 20[th] . The congregation of St Chad’s wish her well in her new post.

The same pattern of services was continued with grateful thanks to Rev’d Stephen Habgood and Lay Reader Geoff Dingle, who between them took the vast majority of our services and have been a huge asset to us as we went into interregnum. Two exceptions were a July service taken by Rev’d Graham Fowell and Bishop Matthew on August 1[st] : the latter was a double special as singing was permitted.

Other special services were Harvest Evensong and Harvest Festival at the end of September and the Baptism of the great granddaughter of a former Warden in November and then the usual Christmas services.

For the whole year Parish weekly information sheets, including the collect, readings and intercessions, continued to be circulated by email with news and updates added in the mail forwarded to 24 of St Chad’s congregation. This has been an excellent way to keep in touch with our parishioners, especially when having to isolate for one reason or another.

Carols round the Village was resumed this year but staying outside due to the omicron strain of covid. Unfortunately, it was not felt to be the right time to have any sort of fund-raising event.

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.

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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. Health and Safety, and Safeguarding are reviewed as an agenda item at each PCC meeting. 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 2021 by the impact of the coronavirus pandemic and the consequent national lockdowns, restrictions on routine services, weddings, and funerals as well as fundraising and other community events planned during the year. The continuing shortfall on the General Fund of Holy Trinity compounded by the pandemic was offset by transfers from Designated Funds and the Investment Income from 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

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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 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. A deficit in short term funding may require an annual exceptional drawdown from the Parish Trust Funds 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.

11. Investment Policy

The charity is granted power to invest in suitable investments under the PCC Powers Measure 1956 and the Trustees Act 2000. As a charity, the Trustees have a duty of care to take such advice as is appropriate before investments are undertaken. This advice is sought from the Central Board of Finance (CCLA) in London. The charity’s investment policies are based on two key principles: -

Investment policy for long-term funds is aimed primarily at generating a sustainable income, with due regard to the need for the preservation of capital value, and the possible need to realise investments to meet operational needs. The charity does not have a policy of generating income at excessive or high risk – known as “purchasing income”, where high returns are guaranteed at the expense of capital. In summary, the charity has an overall policy to maximise income while preserving the real value of its funds. Due to the nature of the charity, an ethical investment policy is taken into consideration when investments are made and the charity follows the Ethical Investment Advisory policy as recommended by the Lichfield Diocese: ‘’We aim to invest in companies that will develop their business in the interests of shareholders, demonstrate responsible employment practices, are conscientious concerning issues of corporate governance, the environment, and human rights, and are sensitive to the community in which they operate.’’

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12. Fundraising and Volunteers

The PCC takes it fundraising responsibilities seriously and is very grateful to all donors, whether regular or occasional, for their support of the Church and Church events. PCC supporters are never taken for granted. The PCC take full responsibility for fundraising and do not use commercial organisations or professional fundraisers. All money raised is either by donations, fundraising events, special appeals, or legacies for which the PCC are most grateful. The members of the PCC would like to thank all the volunteers who work so hard to make our Church a lively and vibrant community. Our special thanks go to our Church Wardens who have worked so tirelessly during a difficult year to maintain the continuity of church activities within the Eccleshall Parish community.

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 17[th] March 2022 (subject to confirmation of the Independent Examination) and signed on their behalf by David Beswick and John Treanor (Co-Chair of the PCC):

David Beswick John Treanor

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SECTION II – ANNUAL FINANCIAL STATEMENTS 31[st] December 2021

Holy Trinity Church Eccleshall Treasurer (Vacant) Independent Examiner Jonathan Hill (Lichfield DBF) St Chad’s Church Slindon Treasurer John Leather Independent Examiner Tony Cahalin Eccleshall Parish Trust Funds Treasurer (Vacant) 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 schedules.

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Financial Review for the Year to 31[st] December 2021

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 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 (Holy Trinity & St Chad’s) and Parish Trust Funds as at the end of 2021 is summarised as follows:

2021
2020
Holy Trinity Eccleshall Allocation of Funds– December 2021
£
£
Church General Account (Unrestricted)
28985
20849
Parish Room Fund
1495
763
Special Projects Fund
16953
15098
Designated Funds (Unrestricted)
18448
15861
Conservation Fund / War Memorial Fund
59740
57001
Organ Fund
1231
1230
IDS Fund – Lichfield DBF
1725
1412
Reserved Funds(Restricted)
62696
59643
Total Funds of Holy Trinity PCC
110129
96353
St Chad’s Slindon Allocation of Funds– December 2021
£
£
Unrestricted Funds
58252
48210
Designated Funds
150549
141596
Restricted Funds
3566
3346
Total Funds of St Chad’s Slindon PCC
212367
193152
Eccleshall Parish Trust Funds– December 2021
£
£
Trust Fund TN520 – The Eyeswell Trust
195953
166758
Trust Fund TN710 – The Shaw’s Lane Trust
2241259
2000015
Total Eccleshall Parish Trust Funds
2437212
2166773
TOTAL ECCLESHALL PCC & PARISH TRUST FUNDS
2759708
2456278

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The consolidated Statement of Financial Activities (SOFA) for Eccleshall Parish (Holy Trinity and St Chad’s) reflects an Operational Net Income/(Shortfall) before book valuation gains on investments which is summarised as follows:

Eccleshall Parish Statement of Financial Activities (SOFA)
Summary of Operational Income / (Shortfall)
2021
2020
£
£
Holy Trinity Church Eccleshall
(36224)
(84131)
St Chad’s Church Slindon
10044
3700
Eccleshall Parish Trust Funds
38038
46082
Net Operational Income / Shortfall
11858
(34349)

The Eccleshall Parish SOFA surplus for the year of £11858 is derived primarily from the surplus at St Chad’s Slindon and the Investment Income from the Parish Trust Funds. Holy Trinity Eccleshall continues to operate with a significant shortfall of expenses compared to regular income and is completely dependent on the investment income and the direct contribution to church activities from the Parish Trust Funds as detailed in the following paragraphs.

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 £41114 for the year. The closing balance on the General Fund at the end of the year was £28985 after net transfers of £49250 from the 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)
2021
2020
£
£
Total Income
57980
51445
Total Expenditure
(95664)
(87493)
AV & Reordering Project
(3430)
(52247)
Net Shortfall for the Year
(41114)
(88295)
Opening Balance at 1stJanuary 2021
20849
34263
Net Transfers from other Funds
49250
74881
Closing Balance at 31st December 2021
28985
20849

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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:

2.1 Parish Room Fund (Designated)

Parish Room Fund (Designated)
2021
2020
£
£
Total Income
1920
2281
Total Expenditure
(1688)
(2716)
Net Surplus / (Shortfall) for the Year
232
(435)
Opening Balance 1stJanuary 2021
763
1198
Transfer (to) / from Church General Fund
500
0
Closing Balance 31st December 2021
1495
763

2.2. Special Projects Fund (Designated)

Special Projects Fund (Designated)
2021
2020
£
£
Opening Balance 1stJanuary 2021
15098
40163
Legacy Received / Interest
1855
66
Transfer to General Fund – AV Project
0
(25131)
Closing Balance 31st December 2021
16953
15098

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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:

3.1 Organ Restoration Fund (Restricted)

Organ Restoration Fund (Restricted)
2021
2020
£
£
Opening Balance at 1stJanuary 2021
1230
1225
Donations / Gift Aid Tax Recovered / Interest
1
5
Closing Balance at 31st December 2021
1231
1230

3.2 Holy Trinity Conservation Fund / War Memorial Fund (Restricted)

2021 2020
£ £
Opening Balance 1st January 2021 57001 52536
Donations / Gift Aid Tax Recovered / Interest 2739 2465
Legacy Received 0 2000
Closing Balance 31st December 2021 59740 57001
Holy Trinity Church Conservation Fund (Restricted) 57561 54823
War Memorial Fund (Restricted) 2179 2178
Closing Balance 31st December 2021 59740 57001

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3.3 IDS Fund – Lichfield DBF (Restricted)

IDS Fund– Lichfield DBF (Restricted) 2021 2020
£ £
Opening Balance as at 1stJanuary 2021 1412 1100
PCC Contribution (2021) 250 250
DBF IDS Contribution Uplift 2020 (25%) 62 62
Closing Balance as at 31st December 2021 1724 1412

4. Funds of St Chad’s Slindon

St Chad’s Income & Expenditure 2021 2020
£ £
Income 21432 18774
Expenditure (11388) (15074)
Net Surplus / (Deficit) for the Year 10044 3700
St Chad’s Slindon Allocation of Funds 2021 2020
£ £
Unrestricted Funds 58252 48210
Designated Funds 150549 141596
Restricted Funds 3566 3346
Total Funds of St Chad’s Slindon 212367 193152

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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 2021
67249
99509
166758
Investment Income
0
4907
4907
Gain / (Loss) on Valuation
9670
14617
24287
Trust Fund TN520 Balance 31st December 2021
76919
119033
195952

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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 2021
127334
1872681
2000015
Transfer to Holy Trinity Church General Fund
-50000
0
-50000
Diocesan Payroll Agency Transfer Current Year
-9030
0
-9030
Diocesan Payroll Agency Transfer Prior Years
-12217
0
-12217
Investment Income
36777
17534
54311
Interest
68
0
68
Gain / (Loss) on Valuation
0
258113
258113
Parish Trust Fund Balance 31st December 2021
92932
2148327
2241259
Funds are summarised as follows:
2021 2020
£ £
CCLA Deposit Account 92392 127334
CCLA Investment Fund 1125315 983849
CCLA Global Equity Fund 341651 294106
Cannacord Genuity Investment Fund 681361 594816
Parish Trust Fund TN710 – The Shaw’s Lane Trust 2241259 2000015

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ECCLESHALL PAROCHIAL CHURCH COUNCIL - Holy Trinity Eccleshall & St Chad's Slindon

STATEMENT OF FINANCIAL ACTIVITIES - Year to 31st December 2021

Receipts and Payments
Year to 31st December 2021		 Funds of Eccleshall PCC Funds of Eccleshall PCC Parish
Trust Funds		 Total
Funds 2021		 Total
Funds 2020
Holy Trinity St Chads
Income and Endowments from
Donations and Legacies
Income from Charitable Activities
Other Trading Activities
Investment Income
Other Income		 £
40616
10619
12900
16
408		 £
14043
506
222
6632
29		 £
0
0
0
59286
0		 £
54659
11125
13122
65934
437		 £
58178
5590
7039
61528
847
Total Income 64559 21432 59286 145277 133182
Expenditure on:
Raising Funds
Expenditure on Charitable Activities
Other Expenditure		 3661
64874
32248		 0
9001
2387		 0
12217
9031		 3661
86092
43666		 1374
84321
81836
Total Expenditure 100783 11388 21248 133419 167531
Net Income/ (Expenditure) -36224 10044 38038 11858 -34349
Transfers between Funds - In / (Out)
Gains/Losses on Investment Assets		 50000
0		 0
9171		 -50000
282400		 0
291571		 0
112637
Net Movement in Funds 13776 19215 270438 303429 78288
Total Funds Brought Forward 96353 193152 2166774 2456279 2377991
Total Funds Carried Forward 110129 212367 2437212 2759708 2456279
Represented by Funds:
Unrestricted Funds
Designated Funds
Restricted Funds		 £
28985
18448
62696		 £
58252
150549
3566		 £
0
0
0		 £
87237
168997
66262		 £
69059
157457
62989
Funds of Eccleshall PCC 110129 212367 0 322496 289505
Parish Trust Funds 0 0 2437212 2437212 2166774
Total Funds 110129 212367 2437212 2759708 2456279

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ECCLESHALL PAROCHIAL CHURCH COUNCIL (Holy Trinity Eccleshall & St Chad's Slindon) Financial Statements for the Year Ended 31st December 2021 Balance Sheet

Fixed Assets
Tangible Assets
Investment Assets
Total Fixed Assets
Current Assets
Debtors and prepayments
Cash at bank and in hand
Total Current Assets
Current Liabilities - due within 1 year
Creditors and accruals
Total Current Liabilities
Net Current Assets/(Liabilities)
Total Liabilites due after oneyear		 As at 31 Dec 2021 As at 31 Dec 2020
£
0
2,492,887		 £
0
2,178,876
2,492,887 2,178,876
0
271,336		 0
287,403
271,336 287,403
4,515 10,000
4,515 10,000
266,821 277,403
0 0
Total Net Assets/(Liabilities) 2,759,708 2,456,279
Funds of Eccleshall PCC As at 31 Dec 2021 As at 31 Dec 2020
Unrestricted Funds
Designated Funds
Restricted Funds
Endowment Trust Funds		 87,237
168,997
66,262
2,437,212		 69,058
157,458
62,989
2,166,774
Total Funds 2,759,708 2,456,279
Funds of Eccleshall PCC As at 31 Dec 2021 As at 31 Dec 2020
Unrestricted Funds 87,237 69,058
Designated Funds 168,997 157,458
Restricted Funds 66,262 62,989
Endowment Trust Funds 2,437,212 2,166,774
Total Funds 2,759,708 2,456,279
Summary of Funds As at 31 Dec 2021 As at 31 Dec 2020
Holy Trinity Church Eccleshall
St Chad's Church Slindon
Eccleshall Parish Endowment Trust Funds		 110,129
212,367
2,437,212		 96,353
193,152
2,166,774
Total Funds 2,759,708 2,456,279

Page 20 of 31

ECCLESHALL PAROCHIAL CHURCH COUNCIL (Holy Trinity Eccleshall & St Chad's Slindon) Financial Statements for the Year Ended 31st December 2021 Summary of Fund Movements

Reserves at
1st January		 Incoming
Resources		 Resources
Expended		 Investment
Gains/Losses		 Transfers Reserves at
31st December
Unrestricted Funds
Holy Trinity Eccleshall
St Chad's Slindon		 £
20,849
48,210		 £
57,980
21,430		 £
-99,094
-11,388		 £
0
0		 £
49,250		 £
28,985
58,252
69,059 79,410 -110,482 0 49,250 87,237
Designated Funds
HT Parish Room
HT Special Projects
St Chad's Slindon		 763
15,098
141,596		 1,921
1,855
0		 -1,688
0
0		 0
0
8,953		 500
0
0		 1,496
16,953
150,549
157,457 3,776 -1,688 8,953 500 168,998
Restricted Funds
HT Organ Fund
HT Conservation Fund
HT IDS Account
St Chad's Education Fund		 1,230
57,001
1,412
3,346		 1
2,740
63
0		 0
0
0
0		 0
0
0
220		 0
0
250
0		 1,231
59,741
1,725
3,566
62,989 2,804 0 220 250 66,263
Parish Trust Funds
TN 520 Eyeswell Trust
TN710 Shaws Lane Trust		 166,758
2,000,016		 4,907
54,379		 0
-21,248		 24,287
258,113		 0
-50,000		 195,952
2,241,260
2,166,774 59,286 -21,248 282,400 -50,000 2,437,212
Total Funds 2,456,280 145,276 -133,418 291,573 0 2,759,708
Summary of Funds
Holy Trinity Church Eccleshall
St Chad's Church Slindon
Parish Trust Funds		 96,353
193,152
2,166,774		 64,560
21,430
59,286		 -100,782
-11,388
-21,248		 0
9,173
282,400		 50,000
0
-50,000		 110,129
212,367
2,437,212
Total Funds 2,456,279 145,276 -133,418 291,573 0 2,759,708

Page 21 of 31

Holy Trinity Church Eccleshall Statement of Financial Activities

For the period from 01 January 2021 to 31 December 2021

Unrestricted Designated Restricted Endowment Total Prior year
funds funds funds funds funds total funds
Income and endowments from:
Donations and legacies 35,658 2,226 2,732 - 40,616 45,371
Income from charitable activities 10,619 - - - 10,619 5,271
Other trading activities 11,358 1,542 - - 12,900 7,039
Investments 0 7 9 59,286 59,302 56,219
Other income 345 - 63 - 408 507
Total income 57,980 3,775 2,803 59,286 123,845 114,407
Expenditure on:
Raising funds 3,661 - - - 3,661 1,374
Expenditure on charitable activities 64,874 - - 12,217 77,090 73,690
Other expenditure 30,560 1,688 - 9,031 41,279 77,393
Total expenditure 99,094 1,688 - 21,248 122,030 152,457
Net income / (expenditure) resources before transfer (41,114) 2,087 2,803 38,039 1,815 (38,049)
Transfers:
Gross transfers between funds - in 50,000 500 250 - 50,750 75,381
Gross transfers between funds - out (750) - - (50,000) (50,750) (75,381)
Other recognised gains / losses
Gains/losses on investment assets - - - 282,400 282,400 119,021
Gains on revaluation,fixed assets,charity's own use - - - - - -
Net movement in funds 8,136 2,587 3,053 270,438 284,215 80,972
Reconciliation of funds
Total funds brought forward 20,849 15,861 59,643 2,166,774 2,263,126 2,182,154
Total funds carried forward 28,985 18,448 62,696 2,437,212 2,547,341 2,263,126

There may be minor discrepancies in the totals if the pence are not being shown

(

Page 22 of 31

ST CHADS SLINDON

STATEMENT OF FINANCIAL ACTIVITIES - Year to 31st December 2021

Receipts and Payments - Year to 31st December 2021 2021 2020
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		 £
8532
2289
1000
2222
506
222
6632
29		 £
8838
1581
0
2388
319
0
5308
340
Total Receipts 21432 18774
Payments
Missionary and Charitable Giving
Parish Share
Clergy and Staffing Costs
Church Running Expenses
Church Repairs and Maintenance		 903
8098
72
2281
34		 400
10231
0
2502
1941
Total Payments 11388 15074
Net Surplus of Receipts over Payments
Gains/Losses on Investment Assets		 10044
9171		 3700
-6385
Net Movement in Funds 19215 -2685
Balance Sheet Summary as at 31st December 2021
Current Account
Deposit Account - CCLA
Investment Account - Eden Tree Amity		 £
58252
5508
148607		 £
48211
5506
139435
Net Assets 212367 193152
Represented by Funds:
Unrestricted
Designated
Restricted		 58252
150549
3566		 48210
141596
3346
Total Funds 212367 193152

Page 23 of 31

Holy Trinity Church Eccleshall

Balance Sheet (Summary)

As at
31/12/2021		 As at
31/12/2020
Fixed assets
Current assets
Investments
Cash At Bank And In Hand
Liabilities
Net current assets less current liabilities
Total assets less current liabilities
Liabilities
Total net assets less liabilities
Represented by
Unrestricted
Unrestricted - General Funds
Designated
Designated - Parish Room Fund
Designated - Special Projects Fund
Restricted
Restricted - Holy Trinity Conservation Fund
Restricted - IDS Fund - Lichfield DBF
Restricted - Organ Fund
Endowment
Endowment - Trust Fund TN520 - Capital
Endowment - Trust Fund TN520 - Income
Endowment - Trust Fund TN710
Fund Totals		 -
2,437,212
110,129
2,547,341
-
2,547,341
2,547,341
-
2,547,341
28,985
1,495
16,953
59,740
1,725
1,231
76,919
119,034
2,241,260
2,547,341
-
2,166,774
96,353
2,263,126
-
2,263,126
2,263,126
-
2,263,126
20,849
763
15,098
57,001
1,413
1,230
67,249
99,509
2,000,015
2,263,126

Page 24 of 31

Holy Trinity Church Eccleshall Receipts and payments Selected period: 01 January 2021 to 31 December 2021

Note

From 01 January 2021 01 January 2020
To 31 December 2021 31 December 2020

General - General fund (Unrestricted) Fund

General fund (Unrestricted) Fund
Income and endowments
Donations and legacies
Gift Aid - Bankers Orders 19,000 21,514
Gift Aid - Envelopes 2,182 2,897
Other Planned Giving 2,797 5,552
Cash Collections - Services 2,647 737
Envelopes - non Gift Aid — 73
Sundry Gifts - Gift Aid — 500
Donations - General 1,658 1,088
Donations - Wall Safe 375 9
Donations - Funerals 335 807
Donations - Specific 1,181 543
Gift Aid - Tax Recovered 5,482 7,063
Total Donations and legacies 35,658 40,781
Income from charitable activities
Fees - Weddings 1,884 233
Fees - Funerals 8,735 5,038
Total Income from charitable activities 10,619 5,271
Other trading activities
Special Events - Fund Raising 5,927 2,756
Trinity Magazine - Advertising 3,162 195
Trinity Magazine - Sales 2,270 2,097
Total Other trading activities 11,358 5,048
Investments
Bank Interest 0 1
Total Investments 0 1
Other income
Grants - Recurring 345 345
Total Other income 345 345
Total income and endowments 57,980 51,445
Expenditure
Raising funds
Costs of Special Events 1,401 40
Trinity Magazine - Printing 2,260 1,334
Total Raising funds 3,661 1,374
Expenditure on charitable activities
Giving - Charitable Donations 325 690
Ministry Parish Share 58,933 58,933
Incumbent Expenses 124 268
Clergy Fees 2,204 600
Altar Requisites 196 140
Organist / Choir 1,950 1,130
Church Services - Sundry 1,036 1,452
Training / Education / Mission 105 477
Total Expenditure on charitable activities 64,874 63,690

There may be minor discrepancies in the totals if the pence are not being shown

Page 25 of 31

From 01 January 2021 01 January 2020 To 31 December 2021 31 December 2020

Note

31 Dec
To
Note		 ember 2021
31		 December 2020
Other expenditure
Administrator Expenses 137 126
Telephone 936 1,046
Stationery / Printing / Books 636 745
Subscriptions / Gifts 293 122
Computing / IT 625 397
Photocopier 1,650 1,644
Organ Servicing 702 757
Bank Charges 100 100
Professional Charges 500 10,815
Church - Electricity 3,490 3,462
Church - Heating Oil 3,515 2,028
Church - Maintenance 1,452 422
Church - Cleaning 1,306 1,543
Church - Security 886 1,048
Church - Insurance 4,228 4,563
Church - Equipment / Fittings 1,219 423
Church - AV System 3,431 41,432
Churchyard Maintenance 4,489 3,434
Vicarage - Maintenance 968 569
Total Other expenditure 30,560 74,676
Total expenditure 99,094 139,740
Excess of Income and endowments over Expenditure (41,114) (88,295)
Brought forward balance 20,849 34,263
Transfers to/(from) 49,250 74,881
Total carried forward balance 28,985 20,849
Room - Parish Room Fund (Designated) Fund
Income and endowments
Donations and legacies
Donations - General 229 190
Donations - Specific 150 —
Total Donations and legacies 379 190
Other trading activities
Parish Room - Rental Income 1,286 1,991
Parish Room - Other Income 256 —
Total Other trading activities 1,542 1,991
Other income
Other Income — 100
Total Other income — 100
Total income and endowments 1,921 2,281
Expenditure
Other expenditure
Stationery / Printing / Books — 10
Parish Room - Electricity 328 773
Parish Room - Insurance 729 718
Parish Room - Maintenance 140 14
Parish Room - Water 64 183
Parish Room - Cleaning 60 1,005
Room - Equipment / Fittings 368 12
Total Other expenditure 1,688 2,716

There may be minor discrepancies in the totals if the pence are not being shown

Page 26 of 31

From 01 January 2021 01 January 2020 To 31 December 2021 31 December 2020

Note

Total expenditure 1,688 2,716
Excess of Income and endowments over Expenditure 232 (436)
Brought forward balance 763 1,198
Transfers to/(from) 500 —
Total carried forward balance 1,495 763
rgan Fund (Restricted) Fund
Income and endowments
Investments
Bank Interest 1 5
Total Investments 1 5
Total income and endowments 1 5
Excess of Income and endowments over Expenditure 1 5
Brought forward balance 1,230 1,225
Total carried forward balance 1,231 1,230
- Holy Trinity Conservation Fund (Restricted) Fund
Income and endowments
Donations and legacies
Gift Aid - Bankers Orders 1,920 1,920
Donations - Funerals 332 —
Gift Aid - Tax Recovered 480 480
Legacies — 2,000
Total Donations and legacies 2,732 4,400
Investments
Bank Interest 8 65
Total Investments 8 65
Total income and endowments 2,740 4,465
Excess of Income and endowments over Expenditure 2,740 4,465
Brought forward balance 57,001 52,536
Total carried forward balance 59,740 57,001
Special Projects Fund (Designated) Fund
Income and endowments
Donations and legacies
Legacies 1,848 —
Total Donations and legacies 1,848 —
Investments
Bank Interest 7 66
Total Investments 7 66
Total income and endowments 1,855 66
Excess of Income and endowments over Expenditure 1,855 66
Brought forward balance 15,098 40,163

Organ - Organ Fund (Restricted) Fund

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

Page 27 of 31

From 01 January 2021 01 January 2020 To 31 December 2021 31 December 2020

Note

Transfers to/(from)

— (25,131) 16,953 15,098

Total carried forward balance

IDS-DBF - IDS Fund - Lichfield DBF (Restricted) Fund

IDS-DBF - IDS Fund - Lichfield DBF (Restricted) Fund
Income and endowments
Other income
Other Income 63 63
Total Other income 63 63
Total income and endowments 63 63
Excess of Income and endowments over Expenditure 63 63
Brought forward balance 1,413 1,100
Transfers to/(from) 250 250
Total carried forward balance 1,725 1,413
TN520Cap - Trust Fund TN520 - Capital (Endowment) Fund
Brought forward balance 67,249 62,905
Adjustments 9,670 4,344
Total carried forward balance 76,919 67,249
TN520Inc - Trust Fund TN520 - Income (Endowment) Fund
Income and endowments
Investments
Investment Income 4,907 4,596
Total Investments 4,907 4,596
Total income and endowments 4,907 4,596
Excess of Income and endowments over Expenditure 4,907 4,596
Brought forward balance 99,509 88,547
Adjustments 14,617 6,367
Total carried forward balance 119,034 99,509
TN710 - Trust Fund TN710 (Endowment) Fund
Income and endowments
Investments
Bank Interest 68 624
Investment Income 54,311 50,863
Total Investments 54,379 51,487
Total income and endowments 54,379 51,487
Expenditure
Expenditure on charitable activities
Training / Education / Mission 12,217 10,000
Total Expenditure on charitable activities 12,217 10,000
Other expenditure
Administrator Expenses 9,031 —
Total Other expenditure 9,031 —
Total expenditure 21,248 10,000

There may be minor discrepancies in the totals if the pence are not being shown

Page 28 of 31

31 December 2021
31 December 2020
01 January 2021
01 January 2020
From
To
Note		 31 December 2021
31 December 2020
01 January 2021
01 January 2020
From
To
Note
Excess of Income and endowments over Expenditure
Brought forward balance
Transfers to/(from)
Adjustments
Total carried forward balance		 33,132
41,487
2,000,015
1,900,218
(50,000)
(50,000)
258,113
108,311
2,241,260
2,000,015

There may be minor discrepancies in the totals if the pence are not being shown

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 2021 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

  2. to keep accounting records in accordance with s.130 of the 2011 Act: or

  3. 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 17[th] March 2022 (Subject to completion of the Independent Examination) and signed on their behalf by David Beswick and John Treanor, Co-Chair of the PCC.

David Beswick

John Treanor

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 2021 particularly during the significant impact of the pandemic. 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:

Annual Parochial Church Meeting – Thursday 7[th] April 2022

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 7[th] April, in Holy Trinity.

Page 31 of 31