ECCLESHALL PAROCHIAL CHURCH COUNCIL
Registered Charity Number 1153305
HOLY TRINITY ECCLESHALL & ST. CHAD’S SLINDON
Trustees’ Annual Report and
Financial Statements
for
The Ecclesias�cal Parish of Eccleshall
Holy Trinity & St. Chad’s for the
Year ended 31[st ] December 2022
March 2023
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 2022 were:
Ex Officio Members:
Clergy Reverend Alison Thomas ( Part-time Interim Vicar, Appointed 1[st] September 2022) Reverend Stephen Habgood (PTO Licensed to Lichfield Diocese) Churchwardens Kate Griffiths Allan Dale Jonathan Jones John Treanor (Lay Co-Chair of PCC) Diocesan Synod Member Jonathan Jones Deanery Synod Members Jonathan Jones (Deanery Lay Chair) David Beswick (Lay Co-Chair of PCC, Died 22[nd] November 2022) Lorna Sant / Clare Lockett Hazel Bradshaw Kate Griffiths
PCC Members:
Olivia Baines (Resigned 1[st] February 2022) Mary Leather (Resigned 1[st] Nov 2022) Hazel Bradshaw John Leather (St Chad’s Treasurer) John Bradshaw Sue Marsh (Appointed 7[th] April 2022) Izzy Edge (Appointed 7[th] April 2022) David Milner Tim Griffin (Appointed 7[th] April 2022) Judith Norton Anita Guest (Appointed 7[th] April 2022, Chris Reynolds Resigned 16[th] Sept. 2022) Nancy Reynolds Clive Jones (Appointed 7[th] April 2022) Jenny Turnock (Appointed 7[th] April 2022) Lucinda Jones (Appointed 7[th] April 2022 Keith Winstanley Resigned 11[th] October 2022)
PCC Secretary (Not elected to the PCC) Licensed Lay Reader (Not elected to the PCC)
Emily Howard
Geoff Dingle (Retired 31[st] August 2022)
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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 2022 Report and Accounts for the Eccleshall Parochial Church Council
SECTION I – TRUSTEES’ ANNUAL REPORT 2022
1. Aim and Purposes
Eccleshall Parochial Church Council (PCC) has the responsibility of cooperating with the interim incumbent, the Reverend Alison Thomas, 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 and 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 2022 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:
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Worship and prayer; learning about the gospel; and developing their knowledge and trust in the Christian faith.
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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.
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Mission and outreach work.
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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.
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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 2022 are detailed on Page 1 of the report. The membership includes nineteen 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; Parish Room; Finance and Fabric; Trinity magazine. 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
2022 proved to be a very busy and eventful year and we were pleased to celebrate a wide variety of services and church and community events despite being in Interregnum since July 2021. 84 attended Holy Communion on Easter Day and a total of 337 joined us for services on Christmas Eve and Christmas morning. We celebrated 9 baptisms and 8 weddings.25 funerals were held either in church or at the Crematorium. The church remained open to visitors daily, throughout the year.
Early in January we welcomed our Archdeacon, the Venerable Dr Megan Smith, to lead a joint service of Holy Communion. We marked the Accession of Queen Elizabeth II in 1952 on 6[th] February during the morning service, led by the Revd. Stephen Habgood. A Christingle Service was led by the Revd. James Graham and the collection taken in aid of the Children’s Society. Pupils in Y3 at Bishop Lonsdale Academy finally managed their Christmas Service for parents. This had been postponed because of Covid 19 restrictions just before Christmas. All pupils and staff came again soon afterwards for their Ash Wednesday service, led by Revd Stephen Habgood.
March brought a ‘Planning for the Future Vision Day’. The morning session was led by the Revd Charles Ruxton, Diocesan Spiritual Advisor. The afternoon session was a ‘Tea and Cake Drop-in’ for families, led by Laura Edwards, the Parish Evangelistic Enabler. This was consolidated later in the month by Archdeacon Megan leading a special Holy Communion
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Service. Following the invasion of Ukraine we highlighted the fact the church is open daily for private prayer from 10.00am-5.00pm every day. In addition, we opened from 6.00pm to 7.30pm on Sunday 6th March for private prayer and reflection in support of the people of Ukraine and all those suffering the effects of war. The Service for Mothering Sunday with Holy Baptism was preceded on the Saturday by a ‘Family Fun’ event with craft and musical activities.
In April, the Rt Revd. Matthew Parker, Bishop of Stafford, led the service on Passion Sunday. Bishop Lonsdale Academy came for their Easter Celebration with Parents. The usual Palm Sunday procession from the crossroads took place, followed by the Passion Narrative in church. The Good Friday devotional service in HT was followed by the usual Churches Together Act of Witness at the crossroads. We were pleased to welcome a good number for the Easter Day service. Two special Memorial Services were held in May. These were for loved ones who died during the pandemic when funeral services were very restricted.
Thanks to all involved in the Churches Together Community Service to celebrate the Queen’s Platinum Jubilee on 5[th] June. Special thanks to Revd. Stephen for compiling the Service and delivering such an interesting and amusing Sermon. Thanks also to the Flower Guild for the beautiful floral displays and all who helped to decorate the church. It really did look splendid! As ever, our team of Bellringers supported the many events over the Jubilee Weekend, including special ringing for the lighting of the Jubilee beacon. We were pleased that the flagpole had been repaired just in time to allow us to fly the Union Flag. Later in June, Martin Jones organised a Music Festival in Holy Trinity involving pupils from Mucklestone, Woodseaves and Bishop Lonsdale. Eccleshall Festival soon followed with refreshments in the Parish Room and a Community Concert in church featuring The Community Band, the Broughton Choir, Bishop Lonsdale Academy Choir and Dance Group and many others.Holy Trinity next hosted Eccleshall Community Band’s “Rusty Musicians” open afternoon and was pleased also to provide the venue for the Archdeacon’s Visitation.
In July we welcomd to Bishop Matthew again to lead a Communion Service. This month also marked the establishment of a promising relationship with ‘Stafford Sinfonia’, an orchestra of largely amateur musicians with some professional support. Their first concert here attracted a good audience and was deemed so successful that they promised to return. The Bishop Lonsdale Academy End of Year Service took place. As usual, Holy Trinity presented each Y6 leaver with a copy of the ‘ Lets Move’ booklet, a guide to moving to secondary education. A special service for the licensing by the Bishop of Stafford of the Reverend Alison Thomas as Interim Minister took place at the beginning of September. This position was initially for a six -month period. We were delighted to welcome Alison to the Parish. Just a week later the death of the Her Majesty Queen Elizabeth II was announced. The church remained open until late that evening, allowing members of the community to visit for private prayer and reflection. A book of condolence was opened. At midday, the following day Holy Trinity bells
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were rung fully muffled with just the ‘tenor’ bell open at backstroke to create a ‘tolling’ effect. The bells were rung open for the proclamation of King Charles but were rung ‘half-muffled’ thereafter, up to and including the day of the funeral. On the Sunday before the State Funeral a well-attended Service of Commemoration was held in Holy Trinity led by Revd. Alison.
At the beginning of October, we celebrated Harvest Festival. Bishop Lonsdale Academy pupils held their service in church soon afterwards. The Annual All Souls’ Service took place at the end of the month, remembering especially all those who had died over the past year. We were delighted with the response to Community Service followed by the Act of Remembrance at the War Memorial. Donations at the service were to SAFFA and the Royal British Legion. Stafford Sinfonia returned, as promised, for a second concert with the theme “Czech Mates” and drew a good audience. November ended on a splendid note with the Christmas Tree Festival being a great success and well supported by the local community. There were 53 trees on display and huge numbers of locals and visitors came to enjoy the ‘Magic of Christmas’. They were entertained by performances from local choirs, schools, and music groups. The catering team provided refreshments throughout, quite a marathon. We were supported by Trinity Men’s Fellowship who provided Stewards and ran their successful Tombolo stall once more. The Grand Christmas Raffle, which runs alongside the Tree Festival, was also very well supported. The whole Tree Festival weekend was not only successful in community outreach but also raised substantial funds for the church. We also thank Vicar Alison, who manned her own wonderful home-made crafts and preserves stall, which was extremely popular. The Festival ended with Reverend Alison leading a special Christmas Song and Story Time, after which visitors went out to see the switching on of the lights on the main Christmas Tree by the Lych gate.
December began with beautiful, candle-lit Celtic Evening Prayer for Advent and another ‘Family Fun’ event, a “Christmas Cracker”, sharing the anticipation of Christmas through craft, story, and music. The funeral of our Church Warden Emeritus, David Beswick, took place on the 12[th] . David was a man of strong faith and extraordinary dedication and commitment, not just to Holy Trinity but to the Diocese and wider community too. Earlier in the year we had been sadden by the death of David Brass, who had been a Churchwarden at Holy Trinity for many years. Key Stage Two pupils from Bishop Lonsdale presented their Christmas Service for parents, as did Walton Hall Academy the following day. The Churches Together Service of Nine Lessons and Carols proved as popular as ever, donations being sent to UNICEF. The Parish Council Event ‘Carols Around the Tree’ concluded in Holy Trinity with accompaniment by the Stafford Brass Band. The ever-popular ‘Crib Service’ was very well attended. We celebrated Midnight Mass and Christmas Communion in a beautifully decorated church, thanks to members of Holy Trinity Flower Guild, who has supported us with arrangements for many of the services and events.
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During the year pupils from Bishop Lonsdale Academy also came for educational visits, such as a talk to Y2 about the life of Bishop Lonsdale and Y4 taking part in a Wednesday Holy Communion service. This proved so successful that it was decided to bring other year groups for the experience too. We maintained regular contact with school staff, planning dates for the year ahead. Classes continued to provide the lovely pillar posters for the Christmas and Easter seasons. Following the Revd. Alison’s appointment, she began to lead school worship on a weekly basis and further develop the pastoral links. Revd. Alison also established strong links with Beavers and Cubs. The Beavers provided resources for Harvest, which were subsequently donated to the House of Bread in Stafford. The children also produced some delightful decorative plates for Remembrance Sunday, which looked splendid.
The fortnightly Coffee and Fellowship mornings in the Parish Room continued. Those attending enjoy a drink and a natter with friends and the opportunity, once a month, to join the Wednesday Holy Communion service in church. Home Communions continued for those who are housebound. The Prayer List is regularly updated and circulated within our Prayer Group. Weekly information sheets are sent via email to the regular congregation and others requesting them. Content includes the Collect, Readings, and Intercessions for the Sunday service as well as dates of events and items of news.
As part of our Mission and Outreach we continued to collect and deliver donations of food and toiletries to Sanctus St Marks, the Charity in Stoke -on -Trent assisting refugees and asylum seekers. The closure of St Mark’s Church building for urgent repairs meant the transfer of the collection point to the food bank at the nearby YMCA. We are seeking further information regarding the project’s future.
Regarding the building, the Finance and Fabric Committee has continued to work on the main West End Re-ordering Project which includes the addition of toilet and kitchen facilities and secured the go-ahead for the paving of the Bishop’s Path, our main area for the burial of Cremated Remains.
One of the few positives from the Covid experience was the development of technology to extend our opportunities to engage with people in our local community and across the wider world, via the internet. We now have high quality Wi-Fi in Holy Trinity, giving us the ability to ‘Zoom’ services, meetings, and any other functions we are hosting. We have been able to share funerals with relatives in New Zealand, USA, Canada, and Scotland. Most of our Sunday services are available through Zoom and we have regulars who connect every week. Currently we rely on two keen parishioners who volunteer to make this possible and we aim to encourage more volunteers to help us grow this provision in the future. Currently we use individual devices to make the sharing work; ideally in the future we will have installed cameras to enhance our provision.
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We also plan to add additional monitors to increase the visibility in church so that anyone sitting in the North Aisle or choir stalls will also be able to view what is happening in the service. The PCC has been very positive in supporting these developments.
We are most grateful for the support we have received from our clergy, both regular and visiting. We also thank our ‘retired’ readers Geoff Dingle and Barbara Dodd. We again look forward to the appointment of a new Vicar, with anticipation!
5. Activities and Achievements - St Chad’s Church, Slindon
We started the year still being cautious with covid but being in interregnum continued the pattern of 3 services each month (two Holy Communion led by Revd Stephen Habgood and one matins or morning prayer led by Geoff Dingle).
We continued with our “special” services such as Candlemas at the end of January, Palm Evening Service and Maundy Evening Service. One special occasion was a visit by Bishop Matthew on Passion Sunday. And another “special” was our Rogation Service in May, this time outside beside a lake as guests of Claire and David Lockett at Brockton Farm, with numerous non-human spectators. The collection went to Medic Malawi.
The “normal” pattern of services was resumed in September with the very welcome appointment of Revd Alison Thomas as our Interim Vicar. Revd Stephen Habgood, who has done such a sterling job during the interregnum, continued to take alternate services, but at this point Geoff Dingle finally retired as lay reader. We all thanked him most sincerely for his efforts and friendship over recent years.
It has been very much a busy family year at St Chad’s, with one baptism, two weddings of daughters raised near St Chad’s and sadly two funerals. One of these was Dr Jane Benton who played the organ at St Chad’s for some 50 years and served on the PCC.
In October, the popular St Chad’s Cake and Produce Stall was held in the High Street outside the Crown Surgery and sold out in less than 3 hours, raising funds for St Chad’s. At Easter and Harvest special collections were made, the proceeds going to Katherine House and 1[st] Responders. Carols Round the Village were resumed in full this year, visiting houses, which was just as well as the temperature was -6 degrees C. £225 was raised, to be shared equally between St Chad’s and Sanctus.
In June we had St Chad’s Quinquennial Inspection, and we were pleased to hear that whilst some work is required there are no major problems.
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6. Ecumenical Activities
Holy Trinity and St Chad’s are members of Eccleshall Churches Together, which also includes the Eccleshall Methodist and Catholic churches.
Inter-Church activities have resumed in 2022 and included a World Day of Prayer, and a short service of Witness at the cross-roads on Good Friday with representatives of all three denominations. Joint activities during the year have also included charity fundraising during Christian Aid Week, a Nativity display in the window of the Community Library during Advent and a joint service of Nine Lessons and Carols was held at Holy Trinity with proceeds going to UNICEF, and with readers representing all four churches. We were pleased to welcome the new Methodist minister Revd David Bintliff at this well-attended service.
Holy Trinity also organised a Service of Commemoration for the local community following the death of Her Majesty the Queen. The service was attended by 162 people, including parish council members and representatives of community groups, plus members of all the local churches. The Gospel reading was read by the Catholic priest for Eccleshall and Stone, Father Gerry Doyle.
Other activities included cards of services for Easter and Christmas, and decoration of the library window at these times. There was no stand at Eccleshall Show this year.
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.
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9. Financial Review
The PCC continued to manage the church finances against a background of falling church income and rising costs following the pandemic restrictions and compounded during 2022 by further economic uncertainty and rising inflation. The overall impact has been reflected in lower levels of attendance at routine services, weddings, and funerals as well as fundraising and other community events during the year. The continuing shortfall on the General Fund of Holy Trinity has been offset primarily by transfers of 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 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: -
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Ethical Investment – this includes ensuring that investments are held in companies which have high standards of corporate governance and act in a responsible way towards stakeholders.
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Long-term responsibilities – the trustees are aware of their long-term responsibilities in respect of the Restricted and Unrestricted reserves and as a result follow a prudent approach to investment decisions.
Investment policy for long-term funds is aimed primarily at generating a sustainable income, with due regard to the need for the preservation of capital value, and the possible need to realise investments to meet operational needs. The charity does not have a policy of generating income at excessive or high risk – known as “purchasing income”, where high returns are guaranteed at the expense of capital. In summary, the charity has an overall policy to maximise income while preserving the real value of its funds. Due to the nature of the charity, an ethical investment policy is taken into consideration when investments are made 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.’’
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 30[th] March 2023 and signed on their behalf by Rev Alison Thomas and John Treanor (Co-Chair of the PCC):
Rev Alison Thomas
John Treanor
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SECTION II – ANNUAL FINANCIAL STATEMENTS 31[st] December 2022
The Financial review of the year to 31[st] December provides a summary of the movement on the individual PCC Funds and the Trust Funds of Eccleshall Parish with details provided in the financial schedules. Preparation of the accounts for 2022 has been undertaken using the Data Developments accounting software and it should be noted that certain of the brought forward balances reflect differences in the accounting for accruals compared to the prior year. The following schedules are included:
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Statement of Financial Activities
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Balance Sheet
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Analysis of Income & Expenditure
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Funds of Eccleshall PCC – Holy Trinity and St Chad’s
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Eccleshall Parish Endowment Trust Funds
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Independent Examiner’s Report (Extract)
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Approval of Financial Statements
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Annual Parochial Church Meeting 11[th] May 2023
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)
Professional Advisers
NatWest Bank (Bankers) 41 Greengate Street, STAFFORD, ST16 2JA CCLA (Investment Advisers) One Angel Lane, LONDON, EC4R 3AB Cannacord Genuity (Investment) 88 Wood Street, LONDON, EC2V 7QR Ecclesiastical Insurance (Insurers) 2000, Pioneer Avenue, GLOUCESTER, GL3 4AW Wood Goldstraw Yorath (Architects) Regent Road, STOKE-ON-TRENT ST1 3RH
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 2022
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 allocation of Eccleshall Parish funds at 31[st] December 2022 is summarised as follows:
| Holy Trinity Eccleshall Allocation of Funds– December 2022 2022 (£) 2021 (£) Church General Fund (Unrestricted) 42754 32235 Designated Funds (Unrestricted) 24826 18448 Reserved Funds(Restricted) 65904 62696 |
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| Total Funds of Holy Trinity Church Eccleshall 133484 113379 |
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| St Chad’s Slindon Allocation of Funds– December 2022 Church General Fund (Unrestricted) 66766 58252 Designated Funds (Unrestricted) 131077 150549 Reserved Funds(Restricted) 3085 3566 |
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| Total Funds of St Chad’s Church Slindon 200928 212367 |
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| Eccleshall Parish Trust Funds– December 2022 Trust Fund TN520 – The Eyeswell Trust 177975 195953 Trust Fund TN 710 – The Shaw’s Lane Trust 1933866 2241259 |
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| Total Eccleshall Parish Trust Funds 2111841 2437212 |
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| TOTAL FUNDS OF ECCLESHALL PARISH 2446255 2762958 |
Holy Trinity Eccleshall continues to operate with a significant shortfall of expenses compared to regular income and is dependent on the investment income and the direct contribution to church activities from the Parish Trust Funds to maintain a balanced budget. St Chad’s Slindon continues to operate with a small surplus before investment valuation losses. The total funds of Eccleshall Parish reduced by £316703 during the year primarily reflecting losses on investment valuations of £323972. The movement on individual funds is detailed in the attached financial schedules and summarised in the following paragraphs:
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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 £44230 for the year. The closing balance on the General Fund at the end of the year was £42754 after net transfers of £54750 from the Parish Trust Fund TN710 and other funds. 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) 2022 2021 £ £ Total Income 66580 61230 Total Expenditure (110811) (99094) |
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| Net Shortfall for the Year (44230) (37864) |
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| Opening Balance at 1stJanuary 2022 32235 20849 Net Transfers from other Funds 54750 49250 |
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| Closing Balance at 31st December 2022 42754 32235 |
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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 and subsequent economic consequences are reflected in a continuing shortfall of income compared to expenditure to a level more than £44,000 per annum.
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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 recovered marginally during the year with total donations including Gift Aid tax recovered of £34146 compared to £38908 last year.
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Funerals and Weddings: Total fees increased from £10619 to £13323 reflecting the opening of the church for the full year compared to the second half of 2021.
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Fundraising: Fundraising Events raised over £9500 during the year with the Christmas Tree Festival representing a significant community event and raising over £6000 including donations. Other events included the Eccleshall Festival weekend (£1189) and two concerts in conjunction with Stafford Sinfonia (£685). We are grateful to all those who supported the Christmas Tree Festival and other fund-raising activities.
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Trinity Magazine: Sales of Trinity Magazine of £2307 improved during the year and advertising income of £3102 was similar to 2021. 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.
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Common Fund (Parish Share) / Church Running Costs: The Common Fund contribution (Parish Share) paid to the Lichfield Diocese was reduced by £6962 to £51971 compared to last year. Church running costs increased during the year reflecting the more frequent use of the church with the primary regular running costs being electricity (£4540), Heating Oil (£6224), Insurance (£4767), Photocopier (£1773), Cleaning (£1275) and Churchyard Expenses (£5185). Improvements were undertaken in the church including Alliance (£2154), One Way (£4399), Floodlights (£696), Donation Station (£395) AV System (£1202). Professional charges included the Data Developments accounting and software support (£2600) and architect fees associated with a planned church reordering project. (£1440)
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Related Party Transactions: Clergy fees and related expenses of £3676 were paid to the incumbent and members of the clergy during the interregnum in respect of their fulfilment of ministry within the Parish. There were no remuneration or other taxable benefits paid to other members of the PCC and any donations from Trustees 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:
2.1 Parish Room Fund (Designated)
| Parish Room Fund (Designated) 2022 2021 £ £ Total Income 4542 1920 Total Expenditure (2581) (1688) |
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| Net Surplus / (Shortfall) for the Year 1961 232 |
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| Opening Balance 1stJanuary 2022 1495 763 Transfer (to) / from Church General Fund 0 500 |
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| Closing Balance 31st December 2022 3456 1495 |
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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.
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Utilisation of the Parish Room resumed during the year although at lower levels than before the pandemic restrictions reflected in some recovery in rental income to £3730.
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Other income of £615 included income generated from the coffee mornings and donations.
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The primary items of expenditure during the year included Toilet & Roof Repairs (£424) and Heating Repairs (£403).
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2.2. Special Projects Fund (Designated)
| Special Projects Fund (Designated) 2022 2021 £ £ Opening Balance 1stJanuary 2022 16953 15098 Donations / Interest 3770 1855 Holy Trinity Flower Guild (Net) 648 0 |
|
|---|---|
| Closing Balance 31st December 2022 21371 16953 |
-
Holy Trinity Church was most grateful to receive donations during the year from the funerals of the late Mr David Brass (£1536) and the late Mr David Beswick (£1050) which are held in the Fund for future church development purposes. A donation of £1000 was also received towards further modifications to the AV System.
-
The balance on the Holy Trinity Flower Guild Fund of £840 was transferred to the Special Projects Fund during the year and payments of £192 for flowers were subsequently made leaving a balance of £648.
-
The closing balance includes designated funds for the Trinity Tots Group (£2000), Messy Church (£1500), future Saints Alive productions (£350), Eccleshall Wives (£675), completion of the Bishop’s Path area for the burial of cremated remains (£10507) and other unallocated legacies and donations (£4691).
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) 2022 2021 £ £ Opening Balance at 1stJanuary 2022 1231 1230 Donations / Gift Aid Tax Recovered / Interest 16 1 |
|
|---|---|
| Closing Balance at 31st December 2022 1247 1231 |
-
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 £1247 is held on the Organ Fund as a reserve against future repairs and maintenance. No specific donations were received during the year.
Page 15
3.2 Holy Trinity Conservation Fund / War Memorial Fund (Restricted)
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Opening Balance 1st January 2022 | 59740 | 57001 |
| Donations / Gift Aid Tax Recovered / Interest | 2880 | 2739 |
| Closing Balance 31st December 2022 | 62620 | 59740 |
| Holy Trinity Church Conservation Fund (Restricted) | 60435 | 57561 |
| War Memorial Fund (Restricted) | 2185 | 2179 |
| Closing Balance 31st December 2022 | 62620 | 59740 |
-
The Holy Trinity Conservation Fund (£60435) 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.
-
The Fund continued to receive regular individual contributions and one-off donations during the year which amounted to £2880 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.
-
War Memorial Fund (£2185) 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 £2185 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. No further donations were received during the year.
Page 16
3.3 IDS Fund – Lichfield DBF (Restricted)
| IDS Fund– Lichfield DBF (Restricted) | 2022 | 2021 |
|---|---|---|
| £ | £ | |
| Opening Balance as at 1stJanuary 2022 | 1725 | 1413 |
| PCC Contribution (2022) | 250 | 250 |
| DBF IDS Contribution Uplift for 2021 (25%) | 62 | 62 |
| Closing Balance as at 31st December 2022 | 2037 | 1725 |
-
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 | 2022 | 2021 |
|---|---|---|
| £ | £ | |
| Income | 23113 | 21432 |
| Expenditure | (14526) | (11388) |
| Net Surplus / (Deficit) for the Year | 8587 | 10044 |
-
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 reflects a marginally lower level of donations and an increase in the contribution to the Common Fund (Parish Share)
-
The Net Surplus is before a loss on valuation on Investments of £20025 which reflected the downturn in financial markets during the year.
-
The movement in the funds of St Chads are detailed in the attached financial schedules and are summarised as follows:
| St Chad’s Slindon Allocation of Funds | 2022 | 2021 |
|---|---|---|
| £ | £ | |
| Unrestricted Funds | 66766 | 58252 |
| Designated Funds | 131077 | 150549 |
| Restricted Funds | 3085 | 3566 |
| Total Funds of St Chad’s Slindon | 200928 | 212367 |
- Total Funds held by St Chad’s Slindon of £200928 are held in an Eden Tree Investment Fund (£125496), a CCLA Deposit Account (£5581), an Eden Tree School Investment Fund (£3085), and a Current Account (£66766).
Page 17
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 2022 76918 119032 195950 Investment Income 0 5204 5204 Gain / (Loss) on Valuation (9014) (14166) (23180) |
|
|---|---|
| Trust Fund TN520 Balance 31st December 2022 67904 110070 177974 |
-
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 with origins connected to St Chad’s Slindon.
-
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 increasing financial shortfall on church funds, 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. Dividend Income of £5204 was re-invested in the Fund which also reflected a valuation loss of £23180 in the year reflecting economic instability and volatility in financial markets.
Page 18
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 2022 92932 2148327 2241259 Transfer to Holy Trinity Church General Fund (55000) 0 (55000) Diocesan Payroll Agency Transfer Current Year (9927) 0 (9927) Diocesan Payroll Agency Prior Year Accrual 4515 0 4515 Investment Income 37850 19358 57208 Interest 1118 0 1118 Gain / (Loss) on Valuation 0 (305306) (305306) |
|
|---|---|
| Parish Trust Fund Balance 31st December 2022 71487 1862379 1933866 |
-
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 of £1.69 million received during 2016 and 2017. The current inflation adjusted value of the funds is estimated at £2.0m.
-
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: | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| CCLA Deposit Account | 71487 | 92392 |
| CCLA Investment Fund | 993434 | 1125315 |
| CCLA Global Equity Fund | 293927 | 341651 |
| Cannacord Genuity Investment Fund | 575018 | 681361 |
| Parish Trust Fund TN710 – The Shaw’s Lane Trust | 1933866 | 2241259 |
-
The Trustees approved a drawdown of £55000 during the year to cover the shortfall on the Holy Trinity Church General Fund. A further direct withdrawal of £9927 was made in respect of the employment costs of the Parish Administrator and an adjustment of £4515 was made in the year in respect of a prior year accrual of parish administration expenses.
-
The total transfer of funds to support Holy Trinity church including the direct costs of parish administration of £64927 was more than the investment income and interest from investments during the year of £58326.
-
The Investment Funds incurred a loss on valuation for the year of £305306 which reflected the ongoing economic and financial market instability, inflationary pressures, and the impact of the war in Ukraine.
-
Trustee prudency and caution continues to be exercised in the commitment of Trust Fund resources with financial market volatility projected to continue into 2023.
Page 19
Eccleshall Parish (Holy Trinity & St Chad's) Consolidation Statement of Financial Activities
For the period from 01 January 2022 to 31 December 2022
| Unrestricted | Designated | Restricted | Endowment | Total | Prior year | |
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | total funds | |
| Income and endowments from: | ||||||
| Donations and legacies | 47,902 | 4,623 | 2,678 | - | 55,202 | 58,416 |
| Income from charitable activities | 15,046 | - | - | - | 15,046 | 10,648 |
| Other trading activities | 15,418 | 4,345 | - | - | 19,763 | 13,122 |
| Investments | 7,125 | 256 | 218 | 63,529 | 71,128 | 65,934 |
| Other income | 4,130 | - | 63 | - | 4,192 | 408 |
| Total income | 89,620 | 9,225 | 2,958 | 63,529 | 165,332 | 148,527 |
| Expenditure on: | ||||||
| Expenditure on charitable activities | 73,860 | - | - | - | 73,860 | 88,406 |
| Other expenditure | 46,961 | 2,581 | - | 9,927 | 59,469 | 41,352 |
| Raisingfunds | 4,516 | 192 | - | - | 4,708 | 3,661 |
| Total expenditure | 125,336 | 2,774 | - | 9,927 | 138,037 | 133,418 |
| Net income / (expenditure) resources before transfer | (35,716) | 6,451 | 2,958 | 53,602 | 27,295 | 15,109 |
| Transfers: | ||||||
| Gross transfers between funds - in | 55,000 | - | 250 | - | 55,250 | 50,750 |
| Gross transfers between funds - out | (250) | - | - | (55,000) | (55,250) | (50,750) |
| Other recognised gains / losses | ||||||
| Gains/losses on investment assets | - | (19,545) | (481) | (323,972) | (343,998) | 291,571 |
| Gains on revaluation,fixed assets,charity's own use | - | - | - | - | - | - |
| Net movement in funds | 19,034 | (13,094) | 2,728 | (325,371) | (316,703) | 306,680 |
| Reconciliation of funds | ||||||
| Total funds brought forward | 90,487 | 168,998 | 66,262 | 2,437,212 | 2,762,958 | 2,456,278 |
| Total funds carried forward | 109,521 | 155,904 | 68,989 | 2,111,841 | 2,446,255 | 2,762,958 |
Page 20
Eccleshall Parish (Holy Trinity & St Chad's) Consolidation
Balance Sheet detailed
Current assets
Liabilities
Reserves
| As at 31/12/2022 As at 31/12/2021 |
|
|---|---|
| 6701: St Chad's Current Account 6711: St Chad's CCLA Deposit Account 6712: St Chad's Eden Tree Investment Account 6713: St Chad's School Investment Account 6501: General Fund - Current Account 6504: Conservation Fund - Current Account 6502: Parish Room - Current Account 6511: General Fund - CBF Account 6515: Conservation Fund - CBF Account 6517: Trust Fund TN520 - Capital 6503: Designated Fund - Current Account 6512: Designated Fund - CBF Account 6514: Organ Fund - CBF Account 6519: Trust Fund TN710 - Deposit Account 6518: Trust Fund TN520 - Income 6520: Trust Fund TN710 - CCLA Investment I 6516: Restricted IDS Fund - LDBF Account 6522: Trust Fund TN710 - CG Investment 6521: Trust Fund TN710 - CCLA Investment II Z05: Accounts Receivable Total Current assets 6699: Agency collections Z04: Accounts Payable Total Liabilities Net Asset surplus (deficit) Excess/(deficit) to date Z01: Starting balances Z02: Gains/(losses) on investment assets Total Reserves |
66,766 58,252 5,581 5,509 125,496 145,041 3,085 3,566 42,911 28,834 46,582 44,392 3,456 1,495 152 150 15,550 15,349 67,904 76,919 7,232 4,034 13,088 12,918 1,247 1,231 71,487 92,932 110,071 119,034 993,434 1,125,315 1,975 1,725 575,018 681,361 293,927 341,651 4,050 3,250 |
| 2,449,013 2,762,958 1,678 - 1,080 - |
|
| 2,758 - |
|
| 2,446,255 2,762,958 |
|
| 27,295 15,109 2,762,958 2,456,278 (343,998) 291,571 |
|
| 2,446,255 2,762,958 |
Represented by Funds
| General (Unrestricted) | 109,521 | 90,487 |
|---|---|---|
| Designated | 155,904 | 168,998 |
| Restricted | 68,989 | 66,262 |
| Endowment | 2,111,841 | 2,437,212 |
| Total | 2,446,255 | 2,762,958 |
| Page 21 |
Holy Trinity Church Eccleshall Statement of Financial Activities
For the period from 01 January 2022 to 31 December 2022
| Unrestricted | Designated | Restricted | Endowment | Total | Prior year | |
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | total funds | |
| Income and endowments from: | ||||||
| Donations and legacies | 34,146 | 4,623 | 2,678 | - | 41,446 | 43,866 |
| Income from charitable activities | 13,323 | - | - | - | 13,323 | 10,619 |
| Other trading activities | 14,980 | 4,345 | - | - | 19,325 | 12,900 |
| Investments | 1 | 184 | 218 | 63,529 | 63,933 | 59,302 |
| Other income | 4,130 | - | 63 | - | 4,192 | 408 |
| Total income | 66,580 | 9,152 | 2,958 | 63,529 | 142,219 | 127,095 |
| Expenditure on: | ||||||
| Raising funds | 4,516 | 192 | - | - | 4,708 | 3,661 |
| Expenditure on charitable activities | 59,978 | - | - | - | 59,978 | 77,090 |
| Other expenditure | 46,317 | 2,581 | - | 9,927 | 58,825 | 41,279 |
| Total expenditure | 110,811 | 2,774 | - | 9,927 | 123,512 | 122,030 |
| Net income / (expenditure) resources before transfer | (44,230) | 6,378 | 2,958 | 53,602 | 18,708 | 5,065 |
| Transfers: | ||||||
| Gross transfers between funds - in | 55,000 | - | 250 | - | 55,250 | 50,750 |
| Gross transfers between funds - out | (250) | - | - | (55,000) | (55,250) | (50,750) |
| Other recognised gains / losses | ||||||
| Gains/losses on investment assets | - | - | - | (323,972) | (323,972) | 282,400 |
| Gains on revaluation,fixed assets,charity's own use | - | - | - | - | - | - |
| Net movement in funds | 10,520 | 6,378 | 3,208 | (325,371) | (305,265) | 287,465 |
| Reconciliation of funds | ||||||
| Total funds brought forward | 32,235 | 18,448 | 62,696 | 2,437,212 | 2,550,591 | 2,263,126 |
| Total funds carried forward | 42,754 | 24,826 | 65,904 | 2,111,841 | 2,245,326 | 2,550,591 |
Page 22
Holy Trinity Church Eccleshall
Balance Sheet detailed
Current assets
Liabilities
Reserves
| As at 31/12/2022 As at 31/12/2021 |
|||
|---|---|---|---|
| 6501: General Fund - Current Account 42,911 28,834 6502: Parish Room - Current Account 3,456 1,495 6503: Designated Fund - Current Account 7,232 4,034 6504: Conservation Fund - Current Account 46,582 44,392 6511: General Fund - CBF Account 152 150 6512: Designated Fund - CBF Account 13,088 12,918 6514: Organ Fund - CBF Account 1,247 1,231 6515: Conservation Fund - CBF Account 15,550 15,349 6516: Restricted IDS Fund - LDBF Account 1,975 1,725 6517: Trust Fund TN520 - Capital 67,904 76,919 6518: Trust Fund TN520 - Income 110,071 119,034 6519: Trust Fund TN710 - Deposit Account 71,487 92,932 6520: Trust Fund TN710 - CCLA Investment I 993,434 1,125,315 6521: Trust Fund TN710 - CCLA Investment II 293,927 341,651 6522: Trust Fund TN710 - CG Investment 575,018 681,361 Z05: Accounts Receivable 4,050 3,250 Total Current assets 2,248,084 2,550,591 6699: Agency collections 1,678 - Z04: Accounts Payable 1,080 - Total Liabilities 2,758 - Net Asset surplus (deficit) 2,245,326 2,550,591 Excess/(deficit) to date 18,708 5,065 Z01: Starting balances 2,550,591 2,263,126 Z02: Gains/(losses) on investment assets (323,972) 282,400 Total Reserves 2,245,326 2,550,591 Represented by Funds General (Unrestricted) 42,754 32,235 Designated 24,826 18,448 Restricted 65,904 62,696 Endowment 2,111,841 2,437,212 Total 2,245,326 2,550,591 |
42,911 28,834 3,456 1,495 7,232 4,034 46,582 44,392 152 150 13,088 12,918 1,247 1,231 15,550 15,349 1,975 1,725 67,904 76,919 110,071 119,034 71,487 92,932 993,434 1,125,315 293,927 341,651 575,018 681,361 4,050 3,250 |
||
| 2,248,084 2,550,591 1,678 - 1,080 - |
|||
| 2,758 - |
|||
| 2,245,326 2,550,591 |
|||
| 18,708 5,065 2,550,591 2,263,126 (323,972) 282,400 |
|||
| 2,245,326 2,550,591 |
|||
| Represented by Funds General (Unrestricted) 42,754 32,235 Designated 24,826 18,448 Restricted 65,904 62,696 Endowment 2,111,841 2,437,212 Total 2,245,326 2,550,591 |
Page 23
Holy Trinity Church Eccleshall
Analysis of income and expenditure Selected period: 01 January 2022 to 31 December 2022
| Total General Designated Restricted This year Last year |
|
|---|---|
| Income and endowments from: Donations and legacies 0101 - Gift Aid - Bankers Orders 0110 - Gift Aid - Envelopes 0201 - Other Planned Giving 0301 - Cash Collections - Services 0503 - Donations - General 0505 - Donations - Wall Safe 0507 - Donations - Funerals 0550 - Donations - Specific 0601 - Gift Aid - Tax Recovered 0701 - Legacies Donations and legacies Totals Income from charitable activities 1101 - Fees - Weddings 1102 - Fees - Funerals Income from charitable activities Totals Other trading activities 1220 - Special Events - Fund Raising 1230 - Parish Room - Rental Income 1240 - Parish Room - Other Income 1250 - Trinity Magazine - Advertising 1260 - Trinity Magazine - Sales Other trading activities Totals Investments 1020 - Bank Interest 1021 - Investment Income Investments Totals Other income 0801 - Grants - Recurring 0901 - Other Income Other income Totals Income and endowments Grand totals |
15,393 - 1,870 17,263 20,920 2,058 - - 2,058 2,182 2,194 - - 2,194 2,797 4,440 - - 4,440 2,647 2,385 197 - 2,582 1,887 226 - - 226 375 1,527 2,586 - 4,113 667 350 1,840 200 2,390 1,331 5,573 - 608 6,181 9,212 - - - - 1,848 |
| 34,146 4,623 2,678 41,446 43,866 2,370 - - 2,370 1,884 10,953 - - 10,953 8,735 |
|
| 13,323 - - 13,323 10,619 9,571 - - 9,571 5,927 - 3,731 - 3,731 1,286 - 615 - 615 256 3,102 - - 3,102 3,162 2,307 - - 2,307 2,270 |
|
| 14,980 4,345 - 19,325 12,900 1 184 218 403 84 - - - - 59,218 |
|
| 1 184 218 403 59,302 345 - - 345 345 3,785 - 63 3,847 63 |
|
| 4,130 - 63 4,192 408 |
|
| 66,580 9,152 2,958 78,690 127,095 |
Expenditure on:
Raising funds
Page 241,935
1730 - Costs of Special Events
192
2,127
1,401
Total
| Total | |
|---|---|
| General Designated Restricted This year Last year |
|
| 2350 - Trinity Magazine - Printing Raising funds Totals Expenditure on charitable activities 1801 - Giving - Charitable Donations 1910 - Ministry Parish Share 2101 - Incumbent Expenses 2155 - Clergy Fees 2160 - Altar Requisites 2161 - Organist / Choir 2162 - Church Services - Sundry 2200 - Training / Education / Mission Expenditure on charitable activities Totals Other expenditure 2102 - Administrator Expenses 2150 - Telephone 2201 - Stationery / Printing / Books 2202 - Subscriptions / Gifts 2204 - Computing / IT 2205 - Photocopier 2320 - Organ Servicing 2360 - Bank Charges 2380 - Professional Charges 2401 - Church - Electricity 2430 - Church - Heating Oil 2435 - Church Water 2440 - Church - Maintenance 2450 - Church - Cleaning 2455 - Church - Security 2460 - Church - Insurance 2465 - Church - Equipment / Fittings 2501 - Church - Major Repairs 2514 - Church - AV System 2670 - Churchyard Maintenance 2813 - Parish Room - Electricity 2815 - Parish Room - Insurance 2816 - Parish Room - Maintenance 2817 - Parish Room - Water 2818 - Parish Room - Cleaning 2819 - Room - Equipment / Fittings 2911 - Vicarage - Maintenance Other expenditure Totals Expenditure Grand totals |
2,581 - - 2,581 2,260 |
| 4,516 192 - 4,708 3,661 486 - - 486 325 51,971 - - 51,971 58,933 - - - - 124 3,676 - - 3,676 2,204 336 - - 336 196 2,190 - - 2,190 1,950 1,319 - - 1,319 1,036 - - - - 12,322 |
|
| 59,978 - - 59,978 77,090 151 - - 151 9,167 633 - - 633 936 399 14 - 413 636 560 - - 560 293 490 - - 490 625 1,773 - - 1,773 1,650 600 - - 600 702 100 - - 100 100 4,040 - - 4,040 500 4,539 - - 4,539 3,490 6,224 - - 6,224 3,515 66 - - 66 - 810 - - 810 1,452 1,275 - - 1,275 1,306 726 - - 726 886 4,767 - - 4,767 4,228 8,333 - - 8,333 1,219 2,154 - - 2,154 - 1,203 - - 1,203 3,431 5,185 - - 5,185 4,489 - 499 - 499 328 - 757 - 757 729 - 441 - 441 140 - 257 - 257 64 - 53 - 53 60 - 559 - 559 368 2,287 - - 2,287 968 |
|
| 46,317 2,581 - 48,898 41,279 |
|
| 110,811 2,774 - 113,584 122,030 |
Page 25
St Chad's Church Slindon
Statement of Financial Activities
For the period from 01 January 2022 to 31 December 2022
| Unrestricted | Designated | Restricted | Total | Prior year | |
|---|---|---|---|---|---|
| funds | funds | funds | funds | total funds | |
| Income and endowments from: | |||||
| Donations and legacies | 13,755 | - | - | 13,755 | 14,549 |
| Income from charitable activities | 1,723 | - | - | 1,723 | 29 |
| Other trading activities | 437 | - | - | 437 | 221 |
| Investments | 7,123 | 72 | - | 7,195 | 6,631 |
| Total income | 23,040 | 72 | - | 23,112 | 21,432 |
| Expenditure on: | |||||
| Expenditure on charitable activities | 13,881 | - | - | 13,881 | 11,315 |
| Other expenditure | 643 | - | - | 643 | 72 |
| Total expenditure | 14,525 | - | - | 14,525 | 11,388 |
| Net income / (expenditure) resources before transfer | 8,514 | 72 | - | 8,586 | 10,043 |
| Transfers: | |||||
| Gross transfers between funds - in | - | - | - | - | - |
| Gross transfers between funds - out | - | - | - | - | - |
| Other recognised gains / losses | |||||
| Gains/losses on investment assets | - | (19,545) | (481) | (20,026) | 9,171 |
| Gains on revaluation,fixed assets,charity's own use | - | - | - | - | - |
| Net movement in funds | 8,514 | (19,473) | (481) | (11,439) | 19,215 |
| Reconciliation of funds | |||||
| Total funds brought forward | 58,251 | 150,549 | 3,565 | 212,367 | 193,151 |
| Total funds carried forward | 66,766 | 131,077 | 3,085 | 200,928 | 212,367 |
Page 26
St Chad's Church Slindon
Balance Sheet detailed
Current assets
Reserves
| As at 31/12/2022 As at 31/12/2021 |
|
|---|---|
| 6701: St Chad's Current Account 6711: St Chad's CCLA Deposit Account 6712: St Chad's Eden Tree Investment Account 6713: St Chad's School Investment Account Total Current assets Net Asset surplus (deficit) Excess/(deficit) to date Z01: Starting balances Z02: Gains/(losses) on investment assets Total Reserves |
66,766 58,251 5,580 5,508 125,496 145,041 3,085 3,565 |
| 200,928 212,367 |
|
| 200,928 212,367 |
|
| 8,586 10,043 212,367 193,151 (20,026) 9,171 |
|
| 200,928 212,367 |
| Represented by Funds | ||
|---|---|---|
| General (Unrestricted) | 66,766 | 58,251 |
| Designated | 131,077 | 150,549 |
| Restricted | 3,085 | 3,565 |
| Total | 200,928 | 212,367 |
Page 27
St Chad's Church Slindon
Analysis of income and expenditure Selected period: 01 January 2022 to 31 December 2022
| Total General Designated Restricted This year Last year |
|
|---|---|
| Income and endowments from: Donations and legacies 0101 - Gift Aid - Bankers Orders 0110 - Gift Aid - Envelopes 0301 - Cash Collections - Services 0550 - Donations - Specific 0601 - Gift Aid - Tax Recovered 0701 - Legacies 0802 - Grants - Non-Recurring Donations and legacies Totals Income from charitable activities 1102 - Fees - Funerals Income from charitable activities Totals Other trading activities 1220 - Special Events - Fund Raising Other trading activities Totals Investments 1021 - Investment Income Investments Totals Income and endowments Grand totals |
8,217 - - 8,217 8,532 318 - - 318 565 2,311 - - 2,311 1,724 269 - - 269 371 2,506 - - 2,506 2,222 - - - - 1,000 135 - - 135 135 |
| 13,756 - - 13,756 14,550 1,723 - - 1,723 29 |
|
| 1,723 - - 1,723 29 438 - - 438 222 |
|
| 438 - - 438 222 7,124 72 - 7,196 6,632 |
|
| 7,124 72 - 7,196 6,632 |
|
| 23,040 72 - 23,113 21,432 |
|
| Expenditure on: Expenditure on charitable activities 1801 - Giving - Charitable Donations 1910 - Ministry Parish Share 2401 - Church - Electricity 2440 - Church - Maintenance 2460 - Church - Insurance Expenditure on charitable activities Totals Other expenditure 2155 - Incumbent Expenses Other expenditure Totals Expenditure Grand totals |
568 - - 568 903 10,231 - - 10,231 8,098 914 - - 914 667 499 - - 499 34 1,670 - - 1,670 1,614 |
| 13,882 - - 13,882 11,316 644 - - 644 72 |
|
| 644 - - 644 72 |
|
| 14,526 - - 14,526 11,388 |
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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 2022 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.
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which give me reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with s.130 of the 2011 Act: or
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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 30[th] March 2023 and signed on their behalf by Rev Alison Thomas and John Treanor, Co-Chair of the PCC.
Rev Alison Thomas
John Treanor
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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 2022 particularly following the pandemic lockdown in 2021 and the subsequent economic and financial uncertainty. However, with the ongoing shortfall in the Church General Fund, the Church continues to need as much support as you feel able to give.
The Church continues to be dependent on a relatively small number of regular donors within the parish who provide 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 has recently installed a card reader for automated donations at church services. There are many ways in which you can help, in particular:
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Please increase your regular giving or donations at Church events to help support the increasing costs of running the church.
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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.
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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.
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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.
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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 – Thursday 11[th] May 2023
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 11[th] May, in Holy Trinity Church
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