## **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 2023** **March 2024** ## **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 2023 were: ## **Ex Officio Members:** Clergy Reverend Phillip Johnson _(Appointed 13[th] November 2023)_ Reverend Alison Thomas ( _Part-time Interim Vicar, Resigned 31[st] May 2023)_ Reverend Stephen Habgood _(PTO Licensed to Lichfield Diocese)_ Churchwardens Jonathan Jones _(Lay Co-chair of PCC)_ John Treanor _(Lay Co-Chair of PCC)_ Kate Griffiths Allan Dale _(Resigned 11[th] May 2023)_ Anthony Jones _(Appointed 11[th] May 2023)_ Diocesan Synod Member Jonathan Jones Deanery Synod Members Jonathan Jones _(Deanery Lay Chair)_ Lorna Sant / Clare Lockett _(Resigned 16[th] Sept 2023)_ Hazel Bradshaw Kate Griffiths ## **PCC Members:** John Bradshaw John Leather _(St Chad’s Treasurer)_ Hazel Bradshaw Isy Edge Judith Norton Sue Marsh Chris Reynolds David Milner Nancy Reynolds Jenny Turnock Clive Jones _(Resigned 16[th] Sept 2023)_ Sue Bramall _(Appointed 15[th] March 2023)_ Tim Griffin _(Resigned 7[th] April 2023)_ Vivian Rowley _(Appointed 11[th] May 2023)_ Linda Veck-Jones _(Appointed 11[th] May 2023)_ **PCC Secretary** ( _Not elected to the PCC)_ **Licensed Lay Reader** _(Not elected to the PCC)_ Emily Howard Geoff Dingle Page 1 ## **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 2023 Report and Accounts for the Eccleshall Parochial Church Council** ## **SECTION I – TRUSTEES’ ANNUAL REPORT 2023** ## **1. Aim and Purposes** Eccleshall Parochial Church Council (PCC) has the responsibility of cooperating with the incumbents, the Reverend Alison Thomas (Interim until July) and Reverend Phillip Johnson (Appointed 13th November) 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 2023 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: - Worship and prayer; learning about the gospel; and developing their knowledge and trust in the Christian faith. - Provision of pastoral care for people living in the parish, with emphasis on the needs of the bereaved, the requirements of the occasional offices and the need to reach out to younger generations. - Mission and outreach work. - Supporting worship and Christian ethos and education in a church school and supporting worship in another (non-church) school. Page 2 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. ## **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 2023 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; Fabric; Finance; 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** 2023 proved to be another busy and eventful year. We remained in Interregnum with the support of Revd Alison Thomas who was with us in a part-time capacity until July. Late in November, following his appointment in July, we were delighted to welcome the Revd Phillip Thomas Johnson as Vicar of the Parish of Eccleshall, together with his wife, Barbara. A wide variety of services and church and community events were organised during the year. 71 attended Holy Communion on Easter Day and a total of 409 joined us for services on Christmas Eve and Christmas morning. We celebrated 5 baptisms and 8 weddings. There were 13 funerals in Church and 1 at the Crematorium. In addition, there were 9 burials of ashes conducted by members of the ministry team. The fortnightly Coffee and Fellowship mornings in the Parish Room have grown in popularity, affording fellowship and a link, once a month, with 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 Page 3 Collect, Readings, and Intercessions for the Sunday service as well as dates of events and items of news. The church is normally open to visitors daily throughout the year and comments in the Visitors’ Book show that this is much appreciated. Events, other than the regular weekly services, began with the Bishop Lonsdale Academy Ash Wednesday Service. This is very moving as the children and staff come forward to receive their cross of ash. In March, Holy Trinity hosted the Churches Together World Day of Prayer service, prepared this year by women of Taiwan. A beautifully reflective service was followed by refreshments. Later in the month Rev Alison led a similarly moving Celtic Evening Prayer. Martin Jones organised a Grand Charity Concert in aid of the UNICEF earthquake appeal and the Beam Music charity, involving local choirs and musicians, including Bishop Lonsdale Academy Choir. The Palm Sunday procession from the Crossroads took place at the beginning of April, heralding Holy Week and a special Stations of the Cross service. The Good Friday Passion readings and prayers were followed by the joint act of witness at the Crossroads. The Coronation of their Majesties took place in May and the bells were rung immediately before the National Service. Holy Trinity’s Service on the Sunday celebrated not only the Coronation but also commemorated Queen Elizabeth with the blessing of the Platinum Jubilee bench, followed by the planting of a tree to remember those who had died or suffered loss during the Covid19 Pandemic. The bench and the tree were jointly funded with Eccleshall Parish Council. A very well-attended concert given by the Newport & District Male Choir was held in memory of David Beswick, who did so much for this Church and for the Diocese. A significant sum was donated to the Disasters Emergency Committee in his memory. Christian Aid Week was marked with a joint service at the Methodist Church and funds raised were boosted by a street collection. Martin Jones led the Schools’ Music Festival in June, a fun day of music making in Holy Trinity involving local schools culminating in a performance for parents. Our own Trinity team ran a successful family event. Entitled ‘All Things Bright and Beautiful’ with craft activities, songs, and stories for children. July brought members of Stafford Symphonia to give a concert with the theme ‘Music She Wrote,’ celebrating the wealth of female classical composers who have struggled to be recognised over the years. The Rt. Revd Dr Michael Ipgrave, Bishop of Lichfield attended a Choral Evensong during which he led the congregation outside to consecrate the Bishop’s Path, the newly paved Area for the Burial of Cremated Remains. The Bishop Lonsdale Academy End of Year Service took place as usual in Holy Trinity with presentations to Y6 leavers and, this year, to the Revd Alison Thomas too. At her last service Alison was also presented with a chasuble by the congregation to thank her for her excellent contribution to the life of the Parish. Page 4 The Bishop Lonsdale Academy Harvest Service was held in Holy Trinity during October. A collection and other goods from the Holy Trinity Harvest Service were presented to the House of Bread. Revd Alison was invited back to lead the All Souls’ Service. Holy Trinity representatives attended a Service of Remembrance at Bishop Lonsdale Academy. The Remembrance Sunday Act of Worship and laying of wreaths was led by the Revd Stephen Habgood and donations were shared between the Royal British Legion and SSAFA. The Rt Revd Matthew Parker, Bishop of Stafford and The Venerable Dr Megan Smith, Archdeacon of Stoke-upon-Trent, led a Service of Welcome for The Revd Phillip Thomas Johnson MA FRSA, as Vicar of the Parish of Eccleshall. Collation and Installation followed later in the month and Holy Trinity Bell Ringers completed a celebratory Quarter Peal. The annual Christmas Tree Festival and the Grand Raffle took place at the end of the month. A record 61 trees were entered and the wonderful contributions of individuals, community groups and organisations, TMF and the Catering Team made the whole event a magnificent success. In December Holy Trinity hosted Dignity Funerals’ Christmas Memorial Service. The core team and extra volunteers ran a well-attended Christmas Family Fun Event. The Churches Together Service of Nine Lessons and Carols was well attended, and the collection given to the Christian Aid Disasters Appeal. Bishop Lonsdale Academy held both its KS1 and KS2 Christmas Services in Holy Trinity and contributed their usual artistic posters for the pillars. Community carol singing along the High Street, organised by the Parish Council, and ending in Holy Trinity took place with refreshments provided by the Ecclian Society. Walton Hall Academy used the church over two days for afternoon and evening performances of their Christmas Production. The ‘Crib Service,’ led by Revd Phillip, 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 support us with arrangements during the year. We are most grateful for the support we have received from our clergy during the interregnum, Revd. Alison Thomas, and Revd. Stephen Habgood. We also thank our ‘retired’ readers Geoff Dingle and Barbara Dodd. We have again updated our AV system to improve our usage. Following the positive feedback on the large screen in the south aisle we have added another screen in the north aisle. This new TV is on an adjustable stand so can be more easily moved and could be used in the Old Baptistry and the Parish room. Ideally, we would like monitors for exclusive use in these rooms. They would facilitate training, meetings, and interactive presentations. We have also added 3 monitors in the chancel allowing the choir, anyone sitting in the choir stalls and the organist to see what is being displayed on the main screen. The most significant acquisition this year has been two fully adjustable cameras. Located on the pillars at the west end of the nave they allow us to view service or other church activity Page 5 covering the main door and the font up to the High Altar. We can project the image on the screens and broadcast through Zoom. This is particularly useful for bigger services and came into its own for the children’s concerts at Christmas. It is often difficult to see the smaller children perform. The staff and students from Walton Hall used the new set up to good effect at their Christmas celebration. We are still having some Internet connectivity issues and data download speeds. Currently we pick up the WIFI through an aerial over the north door pointing at Raleigh Hall industrial estate aerial. In the longer term we need a hard-wired connection. Our Spring 24 solution is to have WIFI in the parish room from the BT post in the road and then project it into church, this should be a significant improvement on our current status. We also aim to broadcast through a more stable platform than Zoom. We would like to achieve broadcasting the services and events to a higher resolution with stable content. This is going to require an upgrade of the laptop that currently runs the system, the incumbent is researching viable options. ## **5. Activities and Achievements - St Chad’s Church, Slindon** We started the year still in interregnum: it was to last almost 30 months in total. Fortunately, Revd Alison Thomas was still in post as Interim Vicar, originally for 6 months then extended for 3 months until May 2023. Then we were back in interregnum, but the end was in sight: the warden was part of the team which produced a new Parish Profile. An advertisement went out in May, with interview in July, then appointment and a further three months wait whilst notice was served out. Meanwhile, with huge thanks to Revd Alison, assisted by Revd Stephen Habgood and Geoff Dingle, “normal” services were continued as much as possible with services every Sunday, along with St Chad’s “specials” (Candlemas, Maundy, Palm Evening Services; Rogation, Harvest Festival, Lessons, and Carols). The Rogation Service was particularly memorable, with just under 30 folks of all ages attending the Lockett’s’ lakeside paddock for an outdoor service at the end of May for the second year in succession. Another highlight was hosting the Civic Service in late October attended by just under 40 folks, including our MP Sir Bill Cash, 2 County Councillors and a number of Parish Councillors, all of whom do so much for our community. Sadly, we lost two of our worshipping community during the year and hosted one wedding. St Chad’s took part in the very successful Christmas Tree Festival at Holy Trinity November 30[th] -December 3[rd] ., which was a great introduction for our new vicar Revd Phillip Johnson. Page 6 Finally, Singing Carols Round the Village took place on December 17[th] . This is one of the very few whole village events: 15 hardy folks visited 8 houses, with carol singing involving over 40 people. Funds were raised for St Chad’s Church and the United Hospitals of North Staffordshire Trust. Other charities to benefit during the year included Medic Malawi at Rogation, the smartie tube collection at Easter and Harvest went to North Staffordshire Riding for the Disabled and Midland Air Ambulance and to SSAFFA at Remembrance. ## **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 continued in 2023 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 the Christian Aid Disaster Appeal, and with readers representing all four churches. 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 conduct 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. Page 7 ## **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 2023 by further economic uncertainty and rising inflation. 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: - - 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. Page 8 - 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 8[th] April 2024 and signed on their behalf by Rev Phillip Johnson:** ## **Rev Phillip Johnson** Page 9 ## **SECTION II – ANNUAL FINANCIAL STATEMENTS 31[st] December 2023** 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. The following schedules are included: - Statement of Financial Activities - Balance Sheet - Analysis of Income & Expenditure - Funds of Eccleshall PCC – Holy Trinity and St Chad’s - Eccleshall Parish Endowment Trust Funds - Independent Examiner’s Report (Extract) - Approval of Financial Statements - Annual Parochial Church Meeting 2[nd] May 2024 **Holy Trinity Church Eccleshall** **Holy Trinity Church Eccleshall** Treasurer _Vacant_ Independent Examiner Jo Clarkson FCA Davenport Accountants **St Chad’s Church Slindon** Treasurer John Leather Independent Examiner Tony Cahalin **Eccleshall Parish Trust Funds** Treasurer _Vacant_ Independent Examiner Jo Clarkson FCA Davenport Accountants ## **St Chad’s Church Slindon** ## **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.**_ Page 10 ## **Financial Review for the Year to 31[st] December 2023** 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 2023 is summarised as follows: ||**Holy Trinity Eccleshall Allocation of Funds– December 2023**
**2023 (£)**
**2022 (£)**
Church General Fund (Unrestricted)
17334
42754
Designated Funds (Unrestricted)
15207
24826
Reserved Funds(Restricted)
43358
65904| |---|---| ||**Total Funds of Holy Trinity Church Eccleshall**
**75899**
**133484**| ||**St Chad’s Slindon Allocation of Funds– December 2023**
Church General Fund (Unrestricted)
73784
66766
Designated Funds (Unrestricted)
132101
131077
Reserved Funds(Restricted)
3106
3085| ||**Total Funds of St Chad’s Church Slindon**
**208991**
**200928**| ||**Eccleshall Parish Trust Funds– December 2023**
Trust Fund TN520 – The Eyeswell Trust
200492
177975
Trust Fund TN 710 – The Shaw’s Lane Trust
2082465
1933866| ||**Total Eccleshall Parish Trust Funds**
**2282957**
**2111841**| ||| ||**TOTAL FUNDS OF ECCLESHALL PARISH**
**2567849**
**2446255**| 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. The total funds of Eccleshall Parish increased by £121594 during the year primarily reflecting gains on investment valuations of £175507 offset by a consolidated shortfall on church operations of £53913. The movement on individual funds is detailed in the attached financial schedules and summarised in the following paragraphs: Page 11 ## **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 inflationary pressures on the general cost of living. The Fund reflected a **Shortfall of £157,019** of income over expenditure for the year and included expenditure on specific major projects in respect of the renovation and upgrade of **The Bishops Path** (£35774); Phase II of the **Organ Restoration Project** (£33858); and further enhancements to the **Church Audio Visual System** (£16708). The closing balance on the General Fund at the end of the year was £17334 after net transfers of £131,599 from Parish Reserves (£41599) and Trust Fund TN710 (£90,000). 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)**
**2023**
**2022**
**£**
**£**
Total Income
51960
66580
Total Expenditure
(208979)
(110811)| |---|---| ||**Net Shortfall for the Year**
**(157019)**
**(44230)**| ||Opening Balance at 1stJanuary 2023
42754
32235
Net Transfers from other Funds
131599
54750| ||**Closing Balance at 31st December 2023**
**17334**
**42754**| - **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. Total income for the year of £51960 represented a shortfall of over £60000 _(£5000 per month)_ compared to church expenditure excluding the expenditure on the major projects. - **Giving / Donations / Gift Aid / Fees:** 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. Although general donations and collections were marginally higher than last year, there was a reduction in regular monthly giving. The reduction in the Gift Aid Tax Recovered in the year of £3458 reflected a lower level of Gift Aid donations and a prior year accrual adjustment following a change in the accounting systems. Total PCC Fees for Weddings and Funerals of £10993 compared with £13323 in 2022. - **Fundraising:** Fundraising Events generated income of £8173 during the year with the Christmas Tree Festival representing a significant community event and raising over £5500 net of expenses. Page 12 - **Trinity Magazine:** Sales of Trinity Magazine of £2739 and advertising income of £3291 were £621 higher than 2022. 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. - **Common Fund (Parish Share) / Church Running Costs:** There was no increase in the Common Fund contribution (Parish Share) to the Lichfield Diocese of £51971 compared to last year. Church running costs during the year reflected general inflationary pressures with the primary regular running costs being Electricity (£4959), Heating Oil (£4947), Insurance (£5095), Photocopying (£1441), Cleaning (£694), Radiator Repairs (£3568) and Churchyard Expenses (£7224). Mission and Pastoral expenditure included School Christmas resources (£1361). - **Independent Examiner:** Professional fees were payable to Davenport Accountants in respect of the independent examination of £600. Other assurance services fees were also provided in respect of audit and internal financial control of £5767. - **Related Party Transactions:** Clergy fees and related expenses of £3858 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)**
**2023**
**2022**
**£**
**£**
Total Income
5558
4542
Total Expenditure
(3243)
(2581)| |---|---| ||**Net Surplus / (Shortfall) for the Year**
**2315**
**1961**| ||Opening Balance 1stJanuary 2023
3456
1495| ||**Closing Balance 31st December 2023**
**5771**
**3456**| - 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. Page 13 - Utilisation of the Parish Room recovered during the year after the lower levels following the pandemic restrictions with rental income of £4544 compared to £3730 last year. - Other income during the year of £1014 included income generated from the regular coffee mornings and specific donations to the Parish Room. - Painting, decoration, and replacement of some radiators were the primary maintenance costs during the year with further renovation of the room planned for 2024. ## **2.2. Special Projects Fund (Designated)** ||**Special Projects Fund (Designated)**
**2023**
**2022**
**£**
**£**
Opening Balance 1stJanuary 2023
21371
16953
Donations / Legacy / Interest
3501
3770
Holy Trinity Flower Guild Expenses
(435)
648
Transfer to General Fund (Bishops Path)
(15000)
0| |---|---| ||**Closing Balance 31st December 2023**
**9437**
**21371**| - Holy Trinity Church was most grateful to receive a legacy from the estate of Mr David Beswick (£1234) and other donations were gratefully received from the funerals of the late Peter Titley, Audrey Sillito, and Chris Marshall. - A provision has been made for a transfer of £15000 to the Church General Fund from a long-standing Fabric Reserve and other unallocated funeral donations as a contribution to the costs of the works on the Bishops Path. - The balances on the Holy Trinity Flower Guild Fund and Eccleshall Wives Fund were consolidated and payments of £435 were made for church flowers during the year. - The balances held in the Special Projects Fund in respect of Trinity Tots Group (£2000), Messy Church (£1500), Saints Alive (£350), were reviewed and redesignated with the closing balance on the Fund at the summarised as follows: ||**Special Projects Funds Allocation**
£
Holy Trinity Flower Fund
1000
Next Generation Fund
4850
Altar Frontal
3000
Unallocated Reserve
587| |---|---| ||**Closing Balance 31st December 2023**
**9437**| Page 14 ## **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)**
**2023**
**2022**
**£**
**£**
Opening Balance at 1stJanuary 2023
1247
1231
Donations / Gift Aid Tax Recovered / Interest
430
16
Transfer to General Fund (Organ Restoration)
(1677)
0| |---|---| ||**Closing Balance at 31st December 2023**
**0**
**1247**| - The Organ Restoration Appeal Fund was originally launched in October 2015 with the previous major work on the historic organ at Holy Trinity Church undertaken in 1977. - Phase I of a programme of renovation, restoration, and enhancement was completed in March 2017 and Phase II of the Organ renovation was completed in December and early January. - The total cost of Phase II was funded primarily by the Conservation Fund and Trust Fund TN710. The balance held on the Organ Fund was applied to the completion of Phase II and any further donations to the Organ in the future will be held in the Special Projects Fund. ## **3.2 Holy Trinity Conservation Fund / War Memorial Fund (Restricted)** ||**2023**|**2022**| |---|---|---| ||**£**|**£**| |**Opening Balance 1st January 2022**|**62620**|**59740**| |Donations / Gift Aid Tax Recovered / Interest|3623|2880| |Transfers to Church General Fund|(22885)|0| |**Closing Balance 31st December 2022**|**43358**|**62620**| |Holy Trinity Church Conservation Fund (Restricted)|41138|60435| |War Memorial Fund (Restricted)|2220|2185| |**Closing Balance 31st December 2022**|**43358**|**62620**| - **The Holy Trinity Conservation Fund (£41138)** 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 £3623 including Gift Aid Tax recovered and Interest. Page 15 - The Fund made transfers of £22885 to the Church General Fund in respect of contributions towards special projects related to The Bishops Path (£10,000), The Organ Restoration £10,000) and the restoration of the Turton Monument (£2885). - 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 (£2220)** Donations were received during 2018 from the project to add names to the War Memorial and to commemorate the centenary of the end of the First World War. The total War Memorial Fund of £2200 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. Works on the War Memorial steps during 2023 were funded as part of the Bishops Path Project. The balance on the fund is held pending release on completion of the further works on the War Memorial area. ## **3.3 IDS Fund – Lichfield DBF (Restricted)** |**IDS Fund– Lichfield DBF (Restricted)**|**2023**|**2022**| |---|---|---| ||**£**|**£**| |Opening Balance as at 1stJanuary 2022|2037|1725| |PCC / DBF Contributions (2022)|0|312| |Contribution to Vicarage decoration 2023|(2037)|0| |**Closing Balance as at 31st December 2023**|**0**|**2037**| - The Lichfield Interior Decoration Scheme (IDS) is a fund established to support parishes to maintain property occupied by the clergy through their incumbency. - A provision has been made for the balance of the fund to be transferred to the Church General Fund as a contribution to the vicarage decoration works undertaken during the year. ## **4. Funds of St Chad’s Slindon** |**St Chad’s Income & Expenditure**|**2023**|**2022**| |---|---|---| ||**£**|**£**| |Income|22924|23113| |Expenditure|(15727)|(14526)| |**Net Surplus / (Deficit) for the Year**|**7197**|**8587**| - 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) Page 16 - The Net Surplus is before a gain on valuation of Investments of £866 which reflected some recovery in financial markets in the final Quarter of 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**
**2023**
**2022**
**£**
**£**
Unrestricted Funds
73784
66766
Designated Funds
132101
131077
Restricted Funds
3106
3085| |---|---| ||**Total Funds of St Chad’s Slindon**
**208991**
**200928**| - Total Funds held by St Chad’s Slindon of £208991 are held in an Eden Tree Investment Fund (£126341), a CCLA Deposit Account (£5760), an Eden Tree School Investment Fund (£3106), and a Current Account (£73784). ## **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 2023
67904
110071
177975
Investment Income
0
5384
5384
Gain / (Loss) on Valuation
6445
10687
17132| |---|---| ||**Trust Fund TN520 Balance 31st December 2023**
**74349**
**126142**
**200491**| - 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. Page 17 - The Funds are invested in The CBF Church of England Investment Funds managed by CCLA. Dividend Income of £5384 was re-invested in the Fund which also reflected a valuation gain of £17132 in the year reflecting some recovery in financial markets in the final quarter of the year. ## **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 2023**
**71487**
**1862379**
**1933866**
Transfer to Holy Trinity Church General Fund
(90000)
0
(90000)
Diocesan Payroll (Parish Administrator)
(9886)
0
(9886)
Investment Income
38092
20529
58621
Interest
2048
0
2048
Gain / (Loss) on Valuation
0
187817
187817| |---|---| ||**Parish Trust Fund Balance 31st December 2023**
**11741**
**2070725**
**2082466**| - 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 original funds is estimated at £2.1m. - 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: ||**2023**|**2022**| |---|---|---| ||**£**|**£**| |CCLA Deposit Account|11741|71487| |CCLA Investment Fund|1087716|993434| |CCLA Global Equity Fund|337734|293927| |Cannacord Genuity Investment Fund|645275|575018| |**Parish Trust Fund TN710 – The Shaw’s Lane Trust**|**2082466**|**1933866**| - The Trustees approved a drawdown of £90000 during the year to cover the shortfall on the Holy Trinity Church General Fund. A further direct withdrawal of £9886 was made in respect of the employment costs of the Parish Administrator. - The total transfer of funds to support Holy Trinity church including the direct costs of parish administration of £9886 was £39217 more than the investment income and interest from investments during the year of £60669. - The balance on the TN710 Investment Funds included again on valuation for the year of £187817 which reflected some recovery in financial markets particularly during the final quarter of the year. Trustee prudency and caution continues to be exercised in the commitment of Trust Fund resources with the uncertainty in financial markets projected to continue into 2024. Page 18 ## **Eccleshall Parish (Holy Trinity & St Chad's) Consolidation Sofa Separate Designated** ## **For the period from 01 January 2023 to 31 December 2023** ||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**Total**|**Prior year**| |---|---|---|---|---|---|---| ||**funds**|**funds**|**funds**|**funds**|**funds**|**total funds**| |**Income and endowments from:**||||||| |Donations and legacies|40,402|2,976|3,143|-|46,521|55,202| |Income from charitable activities|12,284|-|-|-|12,284|15,046| |Other trading activities|14,316|5,369|140|-|19,825|19,763| |Investments|7,358|893|771|66,052|75,074|71,128| |Other income|345|-|-|-|345|4,192| |**Total income**|**74,705**|**9,238**|**4,053**|**66,052**|**154,049**|**165,332**| |**Expenditure on:**||||||| |Expenditure on charitable activities|78,245|435|-|-|78,680|73,860| |Other expenditure|140,840|3,243|-|9,886|153,970|59,469| |Raisingfunds|5,621|-|-|-|5,621|4,708| |**Total expenditure**|**224,707**|**3,678**|**-**|**9,886**|**238,271**|**138,037**| |**Net income / (expenditure) resources before transfer**|**(150,002)**|**5,560**|**4,053**|**56,166**|**(84,222)**|**27,295**| |**Transfers:**||||||| |Gross transfers between funds - in|131,599|-|-|-|131,599|55,250| |Gross transfers between funds - out|-|(15,000)|(26,599)|(90,000)|(131,599)|(55,250)| |**Other recognised gains / losses**||||||| |Gains/losses on investment assets|-|845|21|204,950|205,816|(343,998)| |Gains on revaluation,fixed assets,charity's own use|-|-|-|-|-|-| |**Net movement in funds**|**(18,403)**|**(8,595)**|**(22,525)**|**171,116**|**121,593**|**(316,703)**| |**Reconciliation of funds**||||||| |**Total funds brought forward**|**109,521**|**155,904**|**68,989**|**2,111,841**|**2,446,255**|**2,762,958**| |**Total funds carried forward**|**91,118**|**147,309**|**46,464**|**2,282,957**|**2,567,849**|**2,446,255**| |**Represented by**||||||| |Unrestricted||||||| |General fund|17,334|-|-|-|17,334|42,754| |General Fund|73,784|-|-|-|73,784|66,766| |Designated||||||| |Parish Room Fund|-|5,771|-|-|5,771|3,456| |Projects Fund|-|132,101|-|-|132,101|131,077| |Special Projects Fund|-|9,437|-|-|9,437|21,371| |Restricted||||||| |Holy Trinity Conservation Fund|-|-|43,358|-|43,358|62,620| |IDS Fund - Lichfield DBF|-|-|-|-|-|2,038| |Organ Fund|-|-|-|-|-|1,247| |School Fund|-|-|3,106|-|3,106|3,085| |Endowment||||||| |Trust Fund TN520 - Capital|-|-|-|74,349|74,349|67,904| |Trust Fund TN520 - Income|-|-|-|126,143|126,143|110,071| |Trust Fund TN710|-|-|-|2,082,466|2,082,466|1,933,866| Page 19 ## **Holy Trinity Church Eccleshall Sofa Separate Designated** ## **For the period from 01 January 2023 to 31 December 2023** ||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**Total**|**Prior year**| |---|---|---|---|---|---|---| ||**funds**|**funds**|**funds**|**funds**|**funds**|**total funds**| |**Income and endowments from:**||||||| |Donations and legacies|26,409|2,976|3,143|-|32,528|41,446| |Income from charitable activities|10,993|-|-|-|10,993|13,323| |Other trading activities|14,203|5,369|140|-|19,712|19,325| |Investments|10|714|771|66,052|67,548|63,933| |Other income|345|-|-|-|345|4,192| |**Total income**|**51,960**|**9,059**|**4,053**|**66,052**|**131,125**|**142,219**| |**Expenditure on:**||||||| |Raising funds|5,621|-|-|-|5,621|4,708| |Expenditure on charitable activities|62,933|435|-|-|63,368|59,978| |Other expenditure|140,425|3,243|-|9,886|153,555|58,825| |**Total expenditure**|**208,980**|**3,678**|**-**|**9,886**|**222,544**|**123,512**| |**Net income / (expenditure) resources before transfer**|**(157,020)**|**5,381**|**4,053**|**56,166**|**(91,419)**|**18,708**| |**Transfers:**||||||| |Gross transfers between funds - in|131,599|-|-|-|131,599|55,250| |Gross transfers between funds - out|-|(15,000)|(26,599)|(90,000)|(131,599)|(55,250)| |**Other recognised gains / losses**||||||| |Gains/losses on investment assets|-|-|-|204,950|204,950|(323,972)| |Gains on revaluation,fixed assets,charity's own use|-|-|-|-|-|-| |**Net movement in funds**|**(25,420)**|**(9,619)**|**(22,546)**|**171,116**|**113,531**|**(305,265)**| |**Reconciliation of funds**||||||| |**Total funds brought forward**|**42,754**|**24,826**|**65,904**|**2,111,841**|**2,245,326**|**2,550,591**| |**Total funds carried forward**|**17,334**|**15,208**|**43,358**|**2,282,957**|**2,358,857**|**2,245,326**| |**Represented by**||||||| |Unrestricted||||||| |General fund|17,334|-|-|-|17,334|42,754| |Designated||||||| |Organ Fund|-|-|-|-|-|-| |Parish Room Fund|-|5,771|-|-|5,771|3,456| |Special Events Fund|-|-|-|-|-|-| |Special Projects Fund|-|9,437|-|-|9,437|21,371| |Restricted||||||| |Agency collection|-|-|-|-|-|-| |Holy Trinity Conservation Fund|-|-|43,358|-|43,358|62,620| |IDS Fund - Lichfield DBF|-|-|-|-|-|2,038| |Organ Fund|-|-|-|-|-|1,247| |Special Projects Fund|-|-|-|-|-|-| |Trust Fund TN520 - Capital|-|-|-|-|-|-| |Endowment||||||| |Trust Fund TN520 - Capital|-|-|-|74,349|74,349|67,904| |Trust Fund TN520 - Income|-|-|-|126,143|126,143|110,071| |Trust Fund TN710|-|-|-|2,082,466|2,082,466|1,933,866| Page 20 ## **Holy Trinity Church Eccleshall** ## **Analysis of income and expenditure Selected period: 01 January 2023 to 31 December 2023** ||**Total**
**General**
**Designated**
**Restricted**
**Endowment**
**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**|11,546
-
1,920
-
13,466
16,867
1,717
-
-
-
1,717
2,018
2,329
-
-
-
2,329
2,567
4,052
-
116
-
4,167
4,296
3,950
190
-
-
4,140
2,790
320
-
-
-
320
226
-
1,552
480
-
2,032
4,113
381
-
147
-
528
2,390
2,115
-
480
-
2,595
6,181
-
1,234
-
-
1,234
-| ||**26,409**
**2,976**
**3,143**
**-**
**32,528**
**41,446**
3,071
-
-
-
3,071
2,370
7,922
-
-
-
7,922
10,953| ||**10,993**
**-**
**-**
**-**
**10,993**
**13,323**
8,173
-
140
-
8,313
9,571
-
4,545
-
-
4,545
3,731
-
824
-
-
824
615
3,291
-
-
-
3,291
3,102
2,739
-
-
-
2,739
2,307| ||**14,203**
**5,369**
**140**
**-**
**19,712**
**19,325**
10
714
771
2,048
3,543
1,521
-
-
-
64,005
64,005
62,412| ||**10**
**714**
**771**
**66,052**
**67,548**
**63,933**
345
-
-
-
345
345
-
-
-
-
-
3,847| ||**345**
**-**
**-**
**-**
**345**
**4,192**| ||**51,960**
**9,059**
**4,053**
**66,052**
**131,125**
**142,219**| ## **Expenditure on:** ## **Raising funds** Page 21 1730 - Costs of Special Events 2,941 2,941 2,127 - - - **Total** ||**Total**| |---|---| ||**General**
**Designated**
**Restricted**
**Endowment**
**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
2515 - Church Organ Restoration
2670 - Churchyard Maintenance
2671 - Churchyard - Major Repairs
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**|2,680
-
-
-
2,680
2,581| ||**5,621**
**-**
**-**
**-**
**5,621**
**4,708**
728
-
-
-
728
486
51,972
-
-
-
51,972
51,971
665
-
-
-
665
-
3,193
-
-
-
3,193
3,676
271
-
-
-
271
336
2,862
-
-
-
2,862
2,190
1,124
435
-
-
1,558
1,319
2,119
-
-
-
2,119
-| ||**62,933**
**435**
**-**
**-**
**63,368**
**59,978**
132
-
-
9,886
10,018
10,079
1,204
-
-
-
1,204
633
743
-
-
-
743
413
405
-
-
-
405
560
414
-
-
-
414
490
1,441
-
-
-
1,441
1,773
744
-
-
-
744
600
100
-
-
-
100
100
8,041
-
-
-
8,041
4,040
4,959
-
-
-
4,959
4,539
4,947
-
-
-
4,947
6,224
321
-
-
-
321
66
630
-
-
-
630
810
694
-
-
-
694
1,275
1,049
-
-
-
1,049
726
5,095
-
-
-
5,095
4,767
757
-
-
-
757
8,333
6,453
-
-
-
6,453
2,154
18,207
-
-
-
18,207
1,203
33,858
-
-
-
33,858
-
7,224
-
-
-
7,224
5,185
35,774
-
-
-
35,774
-
-
1,288
-
-
1,288
499
-
748
-
-
748
757
-
780
-
-
780
441
-
-
-
-
-
257
-
355
-
-
355
53
-
72
-
-
72
559
7,232
-
-
-
7,232
2,287| ||**140,425**
**3,243**
**-**
**9,886**
**153,555**
**58,825**| ||**208,980**
**3,678**
**-**
**9,886**
**222,544**
**123,512**| Page 22 ## **Holy Trinity Church Eccleshall** ## **Balance Sheet detailed** ## **Current assets** ## **Liabilities** ## **Reserves** ||**As at**
**31/12/2023**
**As at**
**31/12/2022**| |---|---| |6501: General Fund - Current Account
6502: Parish Room - Current Account
6503: Designated Fund - Current Account
6504: Conservation Fund - Current Account
6511: General Fund - CBF Account
6512: Designated Fund - CBF Account
6514: Organ Fund - CBF Account
6515: Conservation Fund - CBF Account
6516: Restricted IDS Fund - LDBF Account
6517: Trust Fund TN520 - Capital
6518: Trust Fund TN520 - Income
6519: Trust Fund TN710 - Deposit Account
6520: Trust Fund TN710 - CCLA Investment I
6521: Trust Fund TN710 - CCLA Investment II
6522: Trust Fund TN710 - CG Investment
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**|30,954
42,911
5,771
3,456
5,768
7,232
27,000
46,582
162
152
3,689
13,088
1,304
1,247
16,264
15,550
1,975
1,975
74,349
67,904
126,143
110,071
14,209
71,487
1,087,716
993,434
337,734
293,927
645,275
575,018
1,918
4,050| ||**2,380,231**
**2,248,084**
1,699
1,678
19,674
1,080| ||**21,373**
**2,758**| ||**2,358,857**
**2,245,326**| ||(91,419)
18,708
2,245,326
2,550,591
204,950
(323,972)| ||**2,358,857**
**2,245,326**| ||**Represented by Funds**|| |---|---|---| |General (Unrestricted)|17,334|42,754| |Designated|15,208|24,826| |Restricted|43,358|65,904| |Endowment|2,282,957|2,111,841| |**Total**|**2,358,857**|**2,245,326**| Page 23 ## **St Chad's Church Slindon** ## **Sofa Separate Designated** ## **For the period from 01 January 2023 to 31 December 2023** ||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**Total**|**Prior year**| |---|---|---|---|---|---|---| ||**funds**|**funds**|**funds**|**funds**|**funds**|**total funds**| |**Income and endowments from:**||||||| |Donations and legacies|13,993|-|-|-|13,993|13,756| |Income from charitable activities|1,291|-|-|-|1,291|1,723| |Other trading activities|113|-|-|-|113|438| |Investments|7,348|179|-|-|7,527|7,196| |**Total income**|**22,745**|**179**|**-**|**-**|**22,924**|**23,113**| |**Expenditure on:**||||||| |Expenditure on charitable activities|15,312|-|-|-|15,312|13,882| |Other expenditure|415|-|-|-|415|644| |**Total expenditure**|**15,727**|**-**|**-**|**-**|**15,727**|**14,526**| |**Net income / (expenditure) resources before transfer**|**7,018**|**179**|**-**|**-**|**7,197**|**8,587**| |**Transfers:**||||||| |Gross transfers between funds - in|-|-|-|-|-|-| |Gross transfers between funds - out|-|-|-|-|-|-| |**Other recognised gains / losses**||||||| |Gains/losses on investment assets|-|845|21|-|866|(20,025)| |Gains on revaluation,fixed assets,charity's own use|-|-|-|-|-|-| |**Net movement in funds**|**7,018**|**1,024**|**21**|**-**|**8,062**|**(11,439)**| |**Reconciliation of funds**||||||| |**Total funds brought forward**|**66,766**|**131,077**|**3,085**|**-**|**200,929**|**212,367**| |**Total funds carried forward**|**73,784**|**132,101**|**3,106**|**-**|**208,991**|**200,929**| |**Represented by**||||||| |Unrestricted||||||| |General Fund|73,784|-|-|-|73,784|66,766| |Designated||||||| |Projects Fund|-|132,101|-|-|132,101|131,077| |Restricted||||||| |School Fund|-|-|3,106|-|3,106|3,085| Page 24 ## **St Chad's Church Slindon** ## **Analysis of income and expenditure Selected period: 01 January 2023 to 31 December 2023** ||**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**|6,872
-
-
6,872
8,217
240
-
-
240
318
2,124
-
-
2,124
2,311
332
-
-
332
269
2,291
-
-
2,291
2,506
2,000
-
-
2,000
-
135
-
-
135
135| ||**13,993**
**-**
**-**
**13,993**
**13,756**
1,291
-
-
1,291
1,723| ||**1,291**
**-**
**-**
**1,291**
**1,723**
113
-
-
113
438| ||**113**
**-**
**-**
**113**
**438**
7,348
179
-
7,527
7,196| ||**7,348**
**179**
**-**
**7,527**
**7,196**| ||**22,745**
**179**
**-**
**22,924**
**23,113**| |**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 - Clergy fees
**Other expenditure Totals**
**Expenditure Grand totals**|876
-
-
876
568
11,254
-
-
11,254
10,231
529
-
-
529
914
926
-
-
926
499
1,728
-
-
1,728
1,670| ||**15,312**
**-**
**-**
**15,312**
**13,882**
415
-
-
415
644| ||**415**
**-**
**-**
**415**
**644**| ||**15,727**
**-**
**-**
**15,727**
**14,526**| Page 25 ## **St Chad's Church Slindon** ## **Balance Sheet detailed** ## **Current assets** ## **Reserves** ||**As at**
**31/12/2023**
**As at**
**31/12/2022**| |---|---| |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**|73,784
66,766
5,760
5,581
126,341
125,496
3,106
3,085| ||**208,991**
**200,929**| ||**208,991**
**200,929**| ||7,197
18,631
220,954
202,323
(19,159)
(20,025)| ||**208,991**
**200,929**| ||**Represented by Funds**|| |---|---|---| |General (Unrestricted)|73,784|66,766| |Designated|132,101|131,077| |Restricted|3,106|3,085| |**Total**|**208,991**|**200,929**| Page 26 ## **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 Trust Funds for the year ended 31[st] December 2023 have been conducted and the following statement is an extract from the report of each independent examiner: In connection with my examination, no matters have come to my attention. 1. which give me reasonable cause to believe that in any material respect the requirements - to keep accounting records in accordance with s.130 of the 2011 Act: or - to prepare accounts which accord with these accounting records have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. |**Jo Clarkson FCA**|**Tony Cahalin**| |---|---| |**Davenport Accountants**|**Independent Examiner**| |**Independent Examiner**|**St Chad’s Church Slindon**| |**Holy Trinity Church Eccleshall**|**Slindon**| |**Eccleshall Parish Trust Funds**|| ## **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 **8[th] April 2024** and signed on their behalf by Rev Phillip Johnson. ## **Rev Phillip Johnson** Page 27 ## **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 2023 particularly during a year of financial uncertainty rising costs of living. 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: - Please increase your regular giving or donations at Church events to help support the increasing costs of running the church. - If you are a UK taxpayer, please provide any gifts or donations through the ‘Gift Aid’ scheme which allows the Church to claim an additional 25% from HMRC. - If you wish only to support the Fabric (Building) of Holy Trinity Church as opposed to contributing to the general running expenses of the Church, please make a gift or donation to The Holy Trinity Conservation Fund. - You are invited to purchase a regular monthly copy of Trinity magazine which provides details of all events and activities within Eccleshall Parish for both Holy Trinity and St Chads Slindon. - Further details of church activities can be found on the church website at www.eccleshallparish.com or the Holy Trinity Facebook Page. ## **Annual Parochial Church Meeting – Thursday 2[nd] May 2024** **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 2nd May, in Holy Trinity Church** Page 28