Annual Report and Financial Statement
of the
Parochial Church Council of Holy Trinity and St Jude, Halifax
For the year ended 31[st] December 2025
Incumbent
Rev Stuart Stobart
Acting Treasurer
Nick Page
(Churchwarden)
Independent Examiner
Joanne Royle
1. Financial Review
2025 has been a year of minimal financial input. Whilst a Treasurer has not been appointed it has fallen to the Acting Treasurer to keep the accounts on track. Income has exceeded expenditure if we exclude the cost of repairs to the Church. The cost of the dry rot in the south aisle meant that once again we had to use some of our reserves, approximately £13000. Whilst the acting treasurer has help meet the minimum requirements this is not a sustainable situation and a longer term alternative to an acting treasurer needs to be implemented as a priority.
2. Income Analysis
Planned giving is slightly down reflecting the falling congregation numbers. One of our major contributors has sadly passed away which will leave a large hole to fill. In vestment income continues to perform well. Social events and fundraising continue to provide significant income. The Christmas Fair, Coffee monies and Super Wednesday all provide much appreciated funds, and the volunteers who provide the services deserve our thanks. The telecoms lease has been finalised and income substantially reduced. Income from hiring the Hall continues to be strong. The Church Magazine continues to be popular and as a service continues irrespective of any profit or loss. Praise should also be given to the team who work hard to produce and deliver this quality service.
2.1. Bequests
There were no bequests this year
3. Expenditure Analysis
We paid our parish share in full. Work on the roof required by the Quinquennial Inspection has been completed along with the work to treat the Dry Rot in the South Aisle. The utility bills are likely to increase significantly when the electricity contract is renegotiated mid year. The gas contract was renewed this year for a further 3 years at a much increased rate.
4. Assets – Stock, Shares, Trusts and Deposit Accounts
Stocks and Shares
| Stocks & Shares CCLA Accounts |
Book Value | No Shares | Price 31/12/2025 | Current Value |
|---|---|---|---|---|
| CB3036526-001 | £ 60,543.27 | 4011.28 | £ 22.1983 | £ 89,043.60 |
| CB3036527-001 | £ 29.26 | 2.7 | £ 22.1983 | £ 59.94 |
| CB3036528-001 | £ 31,162.78 | 2794.22 | £ 22.1983 | £ 62,026.93 |
| Current Value | £ 151,130.47 |
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Trusts
| LDBF Managed CCLA Accounts | Initial Investment | Current Value | ||
|---|---|---|---|---|
| Savile Hall Funds | £ 14,7217,49 | £ 17,803.96 | ||
| Available Funds | £ 3,086.47 |
Deposits
| CCLA Deposit Accounts | Opening Balance 01/12/2025 |
In | Out | Current Value |
|---|---|---|---|---|
| CB3017030-001 | £314,726.99 | £18,094.08 | £25,000.00 | £ 307,821.07 |
| Nett Increase/Decrease | £(6,905.92) |
5. Charitable Contributions
There have been two Special Collections this year, one which took place in November in favour of the Diocesan Jamaca Emergency Appeal and the Christingle collection in December in favour of the Children’s Society.
The PCC have also agreed the continued support of various charities from PCC funds:
USPG, CMS, Reach Beyond, CICS, Buhemba Parish (Tanzania), Compassion UK, Christian African Relief Trust, Leprosy Mission, Water Aid, Calderdale Valley of Sanctuary, St. Augustine’s Centre, Halifax Community Fridge.
6. Outlook
2026 will see costs incurred for building repairs related the aging of the building and the phased work highlighted in the quinquennial report. We also expect work to start of the Welcome Space in the west end.
We will also begin moving our giving into the National Parish Giving Scheme which aims to simplify income by consolidating regular giving to a single monthly gross amount (to include gift aid).
In costing out these projects we have used our usual policy of taking a conservative view of income and a pessimistic view of expenditure and we will, as usual, look for opportunities to reduce outgoings.
Nick Page Churchwarden Acting Treasurer
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7. Financial Statements for the Year Ending 31[st] December 2025
7.1. Receipts and Payments Accounts
| 2025 | 2025 | 2025 | 2025 | 2024 | ||
|---|---|---|---|---|---|---|
| Receipts | Unrestricted | Designated | Restricted | Total | ||
| 01 | Plannedgiving | £ 36,706.93 | £ - | £ - |
£ 36,706.93 |
£ 38,187.90 |
| 02 | Otherplannedgiving | £ - | £ - | £ - |
£ - |
£ 4,000.00 |
| 03 | Collections at services | £ 5,460.74 | £ - |
£ - |
£ 5,460.74 |
£ 5,454.26 |
| 04 | Gift days,donations,church boxes | £ 3,898.39 | £ - | £ 445.00 |
£ 4,343.39 | £ 2,971.88 |
| 06 | Gift aid recovered | £ 9,709.33 | £ - | £ - |
£ 9,709.33 |
£ 8,440.30 |
| 07 | Legacies | £ - | £ - |
£ - |
£ - |
£ 4,420.28 |
| 08 | Grants | £ 9,079.29 | £ - | £ - |
£ 9,079.29 |
£ 1,344.15 |
| 09 | Fundraising- Fetes,coffee mornings etc | £ 4,208.22 | £ - | £ - |
£ 4,208.32 |
£ 4,390.86 |
| 10 | Bank Interest / Dividends | £ 18,094.08 | £ - | £ - |
£ 18,094.08 |
£ 10,144.51 |
| 10 | Rent from Land and Buildings | £ 7,732.28 | £ 13,464.57 | £ - | £ 21,196.85 |
£ 16,821.01 |
| 11 | Fees,Weddings,Funerals,Courses | £ 2,850.15 | £ - | £ - |
£ 2,850.15 |
£ 732.00 |
| 12 | Church hall lettings | £ - | £ 19,649.60 | £ - | £ 19,649.60 |
£ 21.33 |
| 12 | Church Magazine Sales | £ 1,003.70 | £ - | £ - |
£ 1,003.70 |
£ 967.56 |
| 13 | Other income | £ - | £ 29,777.60 | £ - | £ 29,777.60 |
£ 61,506.54 |
| Sub Total | £ 98,743.11 | £ 62,891.77 | £ 445.00 | £ 162,079.88 | £ 166,995.37 | |
| Payments | Unrestricted | Designated | Restricted | Total | ||
| 17 | Cost of fund raising | £ 180.00 | £ - | £ - |
£ 180.00 |
£ 538.61 |
| 18 | Missiongiving | £ - | £ 7,030.00 |
£ 445.00 | £ 7,475.00 |
£ 164.75 |
| 19 | Diocesan Share | £ 40,864.00 | £ - | £ - |
£ 40,864.00 |
£ 43,015.00 |
| 21 | ClergyExpenses | £ 1,247.93 | £ - | £ - |
£ 1,247.93 |
£ 710.79 |
| 22 | Parish education and training | £ - | £ - |
£ - |
£ - |
£ - |
| 23 | Church RunningExpenses | £ 16,386.88 | £ - | £ - |
£ 16,386.88 |
£ 13,023.66 |
| 23 | Church Insurance | £ 6,888.28 | £ - | £ - |
£ 6,888.28 |
£ 6,791.38 |
| 24 | Church UtilityBills | £ 4,073.11 | £ - | £ - |
£ 4,073.11 |
£ 4,947.42 |
| 25 | Hall runningCosts | £ - | £ 14163.29 |
£ - | £ 14,163.29 |
£ 15,328.70 |
| 25 | Magazine and Book Expenses | £ - | £ - | £ - |
£ - |
£ 1,044.55 |
| 26 | Audit/Independent Examination Costs | £ 29.99 | £ - | £ - |
£ 29.99 |
£ 72.94 |
| 27 | Major Repairs/Decorating- Church | £ - | £ 38,717.87 | £ - | £ 38,717.87 |
£ 59,933.20 |
| 28 | Major Repairs/Decorating- Hall | £ - | £ - |
£ - |
£ - |
270.00 |
| 29 | New BuildingWork | £ 3,519.60 | £ - | £ - |
£ 3,519.60 |
£ 35,701.44 |
| 99 | Purchase of Fixed assets for Church Purposes |
£ - | £ 25,000.00 |
£ - |
£ 25,000.00 |
£ - |
| 99 | Other Payments | £ 266.39 | £ 3,190.97 | £ - | £ 3,457.36 | £ 2,730.84 |
| Sub Total | £ 73456.18 | £ 88,102.13 | £ 445.00 | £ 162,003.31 |
£ 184,273.28 | |
| Surplus / Deficit | £ 25,286.93 | £(25,210.36) | £ - | £ 76.57 | £(17,277.91) |
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7.2. Statement of Assets and Liabilities
| Funds | Unrestricted Funds | Restricted Funds | Designated Funds | Total 2025 |
|---|---|---|---|---|
| Cash | £ - | £ - | £ 244.83 | £ 244.83 |
| Lloyds | £ 37,899.93 | £ - | £ - | £ 37,899.93 |
| Virgin | £ 23,000.17 | £ - | £ - | £ 23,000.17 |
| Savile Hall Trust | £ 17,803.96 | £ - | £ - | £ 17,803.96 |
| CCLA Deposit Account | £ 193,956.79 | £ - | £ 113,864.28 | £ 307,821.07 |
| CCLA Investment Accounts | £ 91,735.34 | £ - | £ - | £ 91,735.34 |
| Total Funds | £ 364,396.19 | £ - | £ 114,109.11 | £ 478,505.30 |
7.3. Notes to the Accounts
1) Accounting Policies
-
The financial statements of the Parochial Church Council (PCC) have been prepared in accordance with the Church Accounting regulations 2006 using the Receipts and Payments basis.
-
The accounts combine the funds under the control of the PCC. In line with Statement of Recommended Practice (Accounting and Reporting by Charities) (SORP), all funds have been allocated to the following categories:
-
Unrestricted – Funds which the PCC may use at its discretion, and which are available for the general purposes of the PCC.
-
Designated – Unrestricted funds which the PCC has set aside specifically. These funds can be moved to other funds (redesignated) if the PCC decides.
-
Restricted – Funds which are subject to restrictions over their use, including collections held for paying over to specific organisations.
2) Investments
Investments are stated at cost in the accounts. Their market value at the year-end is shown in section 4 above.
3) Grants
The figure of £9,079.29 relates to grants received under the Listed Places of Worship scheme which allows Churches to apply for grants to cover the VAT element of all eligible building and maintenance work on listed religious buildings.
4) Interest and Dividends from Investments.
Interest and dividends of £18,094.08 was received from monies/shares vested in CCLA accounts.
5) Rent from Land and Buildings
The majority of the income from land and buildings is from the Telecoms Leases for the communications masts on the Church Tower. The income in 2025 from this source was £20,196.85. This is allocated evenly between General Funds, Fabric Fund and Grants Fund.
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6) Major Repairs/Decorating - Church
The majority of this year’s costs relates to the repairs to a further outbreak of dry rot in the South Aisle of the Church.
7) New Building Work
The sum of £3,519.60 includes £1890.00 architect’s fees to prepare the paperwork for the welcome space in the west end of church.
8) Movements in Designated and Restricted Funds During the Year
| Designated Funds | OpeningBalance | Income | Payments | ClosingBalance |
|---|---|---|---|---|
| Grants Fund | £ 6,118.62 | £ 6,732.88 | £ 7,030.00 | £ 5,821.50 |
| Fabric Fund | £ 79,616.87 | £ 31,732.28 | £ 38,717.87 | £ 72,631.28 |
| Organ Fund | £ 3,881.20 | £ - | £ 984.20 | £ 2,897.00 |
| Choir Members | £ 962.30 | £ - | £ 100.00 | £ 862.30 |
| Children’s Reserve Fund | £ 3,183.42 | £ - | £ - | £ 3,183.42 |
| Super WednesdayClub | £ 1,541.22 | £ 4,777.60 | £ 3,190.97 | £ 3,127.85 |
| Choir Children Advancement Fund | £ 545.00 | £ - | £ - | £ 545.00 |
| Youth GroupFund | £ 43.00 | £ - | £ - | £ 43.00 |
| Choir Robes Fund | £ 353.00 | £ - | £ - | £ 353.00 |
| Church Hall | £ 18,793.08 | £ 19,649.60 | £ 14,103.29 | £ 24,339.39 |
| Total Designated | £ 115,037.71 | £ 59,629.76 | £ 60,803.19 | £ 113,803.74 |
| Restricted Funds | OpeningBalance | Income | Payments | ClosingBalance |
| Appeals and Collections Fund | £ - | £ - | £ - | £ - |
| Total Restricted | £ - | £ - | £ - | £ - |
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8. Glossary
| Abbreviation | Meaning |
|---|---|
| CBF | Central Board of Finance (See CCLA) |
| CCLA | Churches Charities and Local Authorities (organisation investing funds on behalf of these 3 sectors) |
| CCLI | Christian Copyright Licencing International Ltd |
| DBF | Diocesan Board of Finance |
| HMRC | Her Majesties Revenue and Customs |
| PCC | Parochial Church Council |
| RPF | Returns of Parish Finance |
| SOFA | Statement of Financial Activities |
| SORP | Statement of Recommended Practice (Accounting and Reporting by Charities) |
Approved by the PCC _15[th] __April____ 2026
__ Nick Page ____ _Stuart Stobart_____ Acting Treasurer Chair
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9. Independent Examiner’s Report to the Trustees of Holy Trinity and St Jude’s Church Halifax
This is my report on the accounts of the Church for the year ended 31[st] December 2025 as set out on
page 3.
Respective Responsibilities of the Trustees and Independent Examiner.
The Church’s Trustees are responsible for the preparation of the accounts. The Church’s Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
Examine the accounts (under section 145 of the 2011 Act);
-
To follow procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); and
-
To state whether any particular matters have come to my attention.
Basis of Independent Examiner’s report.
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the account presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all of the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent Examiners Statement
In connection with my examination, no matter has come to my attention:
-
Which gives me reasonable cause to believe that in any material respect to the requirements
-
a. To keep accounting records in accordance with section 130 of the 2011 act; and
-
b. To prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met: or
-
To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
66 Beechwood Avenue
Jo Royle
Flanshaw
Wakefield Joanne Royle ACA WF2 9JY Date
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