## **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:nts**from:**|**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**| |**Expenditure**on:||||||| |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| |Total**expenditure**|**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**| |Total**funds 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**| ||Total**Current 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**|
**Last**year| |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| ## ## ## ## ##