Trustees’ Annual Report St Mary’s Church, Rushden
2023
St Mary’s is a place where everyone is welcome. We are a church of people of all ages and backgrounds, with a desire to grow in our own faith and to serve the people who live in our local community of Rushden.
We are an inclusive, Spirit-led, evangelical Christian church with a variety of services from traditional to modern as well as regular events and groups for children, parents, and older adults. Hospitality and fellowship are at the heart of all activities and all are welcome.
We have links with local community services, including Encompass and the Royal British Legion, uniformed youth organisations, and retirement homes as well as other groups. We support mission partners both in the UK and overseas.
The Word of God is the foundation of our belief. We believe that the Bible is God’s word and it is our reference point in knowing God’s plan for St Mary’s and Rushden. We gather at the church to hear teaching about the bible and meet in small groups during the week to help each other understand the message.
We try to share our fears and difficulties with one another, knowing that our community is one of acceptance. None of us is perfect and we all fall short, but there is one who is always faithful-Jesus Christ.
2023 has brought financial challenges as inflated fuel prices and an increased cost-of-living have required us to draw on fiscal reserves and has reduced our regular income from donations and planned giving. However, we continue in faith, trusting God to provide what is necessary for us to continue to minister to the people of Rushden and to support our mission partners in this country and overseas.
In 2024, we are trialling alternative service times and styles of worship to encourage interest in our wider community, and to explore ways we can share our faith and fellowship with interested parties in an accessible way, meeting them wherever they are now. We believe that church is not confined to a building or a single day of the week!
| Incomeand endowm Donations andlegacie:ntsfrom: |
Unrestricted funds |
Designated funds |
Restricted funds |
Endowment funds |
Total funds |
Prior year total funds |
|---|---|---|---|---|---|---|
| Voluntary Income | ||||||
| OtherVoluntary Income llncome from charitable activities nvestments Otherincome |
105,522.91 441.00 13,805.91 4,558.56 |
27.00 0.00 0.00 3,158.20 |
2,292.93 15.00 405.51 16,346.86 |
0.00 0.00 0.00 0.00 |
107,842.84 456.00 14,211.42 24,063.62 |
120,699.00 911.00 15,249.00 14,180.00 |
| Grants | ||||||
| Total income | 0.00 | 0.00 | 865.40 | 0.00 | 865.40 | 6,741.00 |
| 124,328.38 | 3,185.20 | 19,925.70 | 0.00 | 147,439.28 | 157,780.00 | |
| Expenditureon: | ||||||
| Expenditureoncharitable activities | ||||||
| Grants/Mission/Charities Support Costs Church Expenses Other expenditure |
11,340.00 434.73 123,719.36 |
0.00 0.00 0.00 |
3,488.55 0.00 5,995.30 |
0.00 0.00 0.00 |
14,828.55 434.73 129,714.66 |
26,281.00 404.00 113,623.00 |
| Parish Office/Admin Church Halls Miscellaneous |
4,387.28 14,299.66 271.37 |
0.00 0.00 0.00 |
0.00 2,014.62 0.00 |
0.00 0.00 0.00 |
4,387.28 16,314.28 271.37 |
4,185.00 11,269.00 898.00 |
| Totalexpenditure | 154,452.40 | 0.00 | 11,498.47 | 0.00 | 165,950.87 | 156,660.00 |
| Netincome_I_(expenditure)resources before transfer |
(30,124.02) | 3,185.20 | 8,427.23 | 0.00 | (18,511.59) | 1,120.00 |
| Otherrecognisedgains/ losses | ||||||
| Netmovementinfunds | (30,124.02) | 3,185.20 | 8,427.23 | 0.00 | (18,511.59) | 1,120.00 |
| Totalfundsbroughtforward | 110,624.90 | 32,430.79 | 283,696.57 | 0.00 | 426,752.26 | 425,632.26 |
| Totalfunds carried forward | 80,500.88 | 35,615.99 | 292,123.80 | 0.00 | 408,240.67 | 426,752.26 |
| Represented by | ||||||
| Unrestricted | ||||||
| General fund | 80,500.88 | 0.00 | 0.00 | 0.00 | 80,500.88 | 110,624.90 |
| Designated | ||||||
| Children&Family Worker | 0.00 | 6,000.00 | 0.00 | 0.00 | 6,000.00 | 6,000.00 |
| Fabric Fund | 0.00 | 29,615.99 | 0.00 | 0.00 | 29,615.99 | 26,430.79 |
| Restricted | ||||||
| Asda Grant | 0.00 | 0.00 | 600.00 | 0.00 | 600.00 | 600.00 |
| Choir Fund | 0.00 | 0.00 | 159.00 | 0.00 | 159.00 | 159.00 |
| Fabric Fund | 0.00 | 0.00 | 285,708.09 | 0.00 | 285,708.09 | 274,963.63 |
| Ladies Group Mission Fund |
0.00 0.00 |
0.00 0.00 |
603.66 1,352.51 |
0.00 0.00 |
603.66 1,352.51 |
413.15 807.52 |
| Refugee Support Wann Spaces Grant Youth Work Fund |
0.00 0.00 0.00 |
0.00 0.00 0.00 |
(90.43) 3,630.21 160.76 |
0.00 0.00 0.00 |
(90.43) 3,630.21 160.76 |
1,675.18 4,547.86 530.23 |
| Balance sheet | |||
|---|---|---|---|
| Classandcode | Description | This year | Lastyear |
| Currentassets | PCC Bank current account | 6,891.78 501.11 |
20,467.12 1,045.89 |
| Gift Aid account | 974.00 | 620.00 | |
| RSMNB (Fees Account) CCLA (CBF) deposit account01D CCLA (CBF) deposit account 03D COIF Charity Fund 876110001T CCLA CBF Investment account 628124001S IMCAF UK Equity Fund 1005992 M&G Charifund 0024011000 M&G Charifund 0024021141 Accounts Receivable |
64,026.19 73,209.85 1,522.71 27,126.36 119,393.76 91,674.55 24,177.63 0.00 409,497.94 |
61,176.08 84,743.80 1,392.60 24,775.08 112,759.77 93,880.51 24,759.41 1,132.00 426,752.26 |
|
| TotalCurrent assets | |||
| Liabilities | Agency collections | 1,257.27 1,257.27 |
0.00 0.00 |
| Total Liabilities | |||
| Net Asset surplus(deficit) | 408,240.67 | 426,752.26 | |
| Reserves | Excess_I_(deficit) to date | (18,511.59) 426,752.26 |
0.00 426,752.26 |
| Starting balances | 408,240.67 | 426,752.26 | |
| Total Reserves | |||
| Represented by funds Unrestricted Designated Restricted |
80,500.88 35,615.99 292,123.80 0.00 |
110,624.90 32,430.79 283,696.57 0.00 |
|
| Endowment Total |
408,240.67 | 426,752.26 |
| Analysisofincome and expenditure | Analysisofincome and expenditure | ||||
|---|---|---|---|---|---|
| Unrestricted Designated | Restricted | Endowment | Total Thisyear |
Lastyear |
|
| INCOMEANDENDOWMENTS | |||||
| Donations and legacies-Voluntary Income | |||||
| PlannedGiving Openplate 69,365.63 Donations/Stewardshi_p 11:i~~:~~ Taxr_ecoverable on Gift Aid 17 880 28 Charity& Mission Income •o:oo Total 105,522.91 |
0.00 0.00 27.00 0.00 0.00 27.00 |
1,368.44 0.00 239.50 684.99 0.00 2,292.93 |
0.00 0.00 0.00 0.00 0.00 0.00 |
70,734.07 4,999.61 13,543.89 18,565.27 0.00 107,842.84 |
74,797.00 5,477.00 19,587.00 20,105.00 733.00 120,699.00 |
| Donations and legacies-Other Voluntary Income Legacies/Gifts in Memory 441.00 Total 441.00 |
0.00 0.00 |
15.00 15.00 |
0.00 0.00 |
456.00 456.00 |
911.00 911.00 |
| Income from charitable activities Activities & Fetes 2,536.54 Feesforweddings and funerals 3,942.00 Bookstall 151.82 Church hall lettings 6,216.10 Parish Office Receipts 67.80 Magazine sales 176.65 Magazine Adverts 715.00 Total 13,805.91 |
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 |
405.51 0.00 0.00 0.00 0.00 0.00 0.00 405.51 |
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 |
2,942.05 3,942.00 151.82 6,216.10 67.80 176.65 715.00 14,211.42 |
4,352.00 3,399.00 242.00 5,682.00 211.00 648.00 715.00 15,249.00 |
| Investments Dividends 1,471.84 Increase (Decrease) in share value (451.67) Deposit and Bank Interest 2,659.13 Greenfield Bequest 879.26 Total 4,558.56 |
741.48 2,351.28 65.44 0.00 3,158.20 |
9,068.72 4,428.03 1,970.85 879.26 16,346.86 |
0.00 0.00 0.00 0.00 0.00 |
11,282.04 6,327.64 4,695.42 1,758.52 24,063.62 |
10,577.00 0.00 1,855.00 1,748.00 14,180.00 |
| Other income-Grants VAT Grants 0.00 Grants 0.00 Total 0.00 L 12432838 |
0.00 0.00 0.00 3185.20 |
865.40 0.00 865.40 19,925.70 |
0.00 0.00 0.00 0.00 |
865.40 0.00 865.40 147,439.28 |
986.00 5,755.00 6,741.00 157,780.00 |
| EXPENDITURE | ||||||
|---|---|---|---|---|---|---|
| Expenditure on charitableacr"f Overseas Mission ,v, ,es |
. . - Grants/M1ss1on/Charities |
|||||
| Relief and development agencies Home mission UK appeals/Donations |
3,102.00 0.00 8,238-00 0.00 |
0.00 0.00 0.00 0.00 |
0.00 0.00 3,488.55 0.00 |
0.00 0.00 0.00 0.00 |
3,102.00 0.00 11,726.55 0.00 |
5,731.00 3,551.00 5,318.00 11,681.00 |
| Total | 11,340.00 | 0.00 | 3,488.55 | 0.00 | 14,828.55 | 26,281.00 |
| Expenditure on charitable activities | - Support Costs | |||||
| Training Outreach and Home Groups |
118.83 315.90 |
0.00 0.00 |
0.00 0.00 |
0.00 0.00 |
118.83 315.90 |
240.00 164.00 |
| Total | 434.73 | 0.00 | 0.00 | 0.00 | 434.73 | 404.00 |
| Expenditure on charitable activities Parish share Salaries Clergy and staff expenses Younger Church Music Group Health & Safety Upkeep/Repairs & Replacements Service requirements Insurance Heat & Light Miscellaneous Total |
- Church Expenses 82,673.00 0.00 11,202.40 0.00 1,281.99 0.00 1,624.43 0.00 0.00 0.00 654.36 0.00 1,256.54 0.00 6,757.43 0.00 4,891.30 0.00 13,047.00 0.00 330.91 0.00 123,719.36 0.00 |
0.00 0.00 8.45 369.47 0.00 0.00 5,276.80 0.00 0.00 340.58 0.00 5,995.30 |
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 |
82,673.00 11,202.40 1,290.44 1,993.90 0.00 654.36 6,533.34 6,757.43 4,891.30 13,387.58 330.91 129,714.66 |
82,673.00 3,190.00 1,342.00 1,366.00 312.00 140.00 10,170.00 1,855.00 4,449.00 7,499.00 627.00 113,623.00 |
|
| Other expenditure - Parish Office/Admin Telephone 1,052.10 Photocopying Supplies 1,102.29 LeaseofCopier 1,124.43 Audit fee and Admin Costs 1,108.46 Total 4,387.28 |
0.00 0.00 0.00 0.00 0.00 |
0.00 0.00 0.00 0.00 0.00 |
0.00 0.00 0.00 0.00 0.00 |
1,052.10 1,102.29 1,124.43 1,108.46 4,387.28 |
482.00 1,432.00 2,155.00 116.00 4,185.00 |
|
| Other expenditure - Church Halls Hall running - Insurance Hall running - General upkeep Hall running - Water rates Hall running - heating and lighting Hall running - General repairs Total |
1,460.99 4,082.20 702.00 7,821.37 233.10 14,299.66 |
0.00 0.00 0.00 0.00 0.00 0.00 |
0.00 354.00 0.00 568.62 1,092.00 2,014.62 |
0.00 0.00 0.00 0.00 0.00 0.00 |
1,460.99 4,436.20 702.00 8,389.99 1,325.10 16,314.28 |
1,329.00 2,511.00 491.00 4,406.00 2,532.00 11,269.00 |
| Other expenditure - Miscellaneous Magazine Bookstall Bank Charges Total EXPENDITURE TOTAL |
0.00 0.00 271.37 271.37 154,452.40 |
0.00 0.00 0.00 0.00 0.00 |
0.00 0.00 0.00 0.00 11,498.47 |
0.00 0.00 0.00 0.00 0.00 |
0.00 0.00 271.37 271.37 165,950.87 |
457.00 220.00 221.00 898.00 156,660.00 |
| GRAND TOTAL | !30, 124.02l | 3,185.20 | 8,427.23 | 0.00 | !18,511.59~ | 1,120.00 |