St Mary’s Church, East Leake
Annual Report of the Parochial Church Council For the Year Ended 31[st] December 2022
Administrative Information
St Mary’s Church is situated at the corner of Main Street and Station Road, East Leake, Loughborough, LE12 6PB.
It is part of the Diocese of Southwell & Nottingham within the Church of England.
The correspondence address is The Rectory, 3 Bateman Road, East Leake, LE12 6LN.
The Parochial Church Council ( PCC) is a charity registered with the Charity Commission. Charity number 1130545.
PCC members who have served from 1[st] January 2022 until the date of this report are:
Incumbent: The Rev’d Timothy J Parker Chairperson Curate: The Rev’d Daniel Bauhahn From July 2022 Wardens: Mr Conrad Oatey Treasurer Representatives on Mrs Sue Shaw (PCC Secretary) the Deanery Synod: Mr Colin Knight Mr Ron Hill Elected Members: Mr John Alexander Mrs Ann Harris Mr Paul Hobson Mrs Voirrey Paesler Mr Dudley Pate Mrs Pam Peacock Mrs Laura Taylor Mr Phil Westwood Mrs Barbara Wright Mrs Bev Chamberlain Until APCM 2022, 27[th] April 2022 Mr Jamie Taylor Until APCM 2022, 27[th] April 2022 Mr John O’Nions From June 2022
Co-opted Member:
1. Structure, governance and management
The method of appointment of PCC members is set out in the Church Representation Rules. All church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.
2. Objectives and activities
St Mary’s PCC has the responsibility of co-operating with the incumbent, in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical.
Safeguarding is vital to ensure that children, young people and vulnerable adults are kept safe whilst in the care of the church, an integral part of our church life. The Parish Safeguarding Co-ordinator is Mrs P Peacock.
The PCC also has maintenance responsibilities for the Church of St Mary’s and for St Mary’s Hall, both of Main Street, East Leake.
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3. Achievements and performance
Church attendance
There were 148 parishioners on the Church Electoral Roll at the April 2022 Annual Meeting, compared with 143 people at the 2021 Annual Meeting. The average weekly attendance at church counted during October 2022 was 114, an increase from 87 in 2021.
The attendance at festivals was 143 on Easter Sunday and 57 on Christmas Day.
Online Digital Worship continued during 2022, including some worshippers who have mobility problems, so worship using live-streamed services at home.
Review of the year
The full PCC met 11 times during the year. Objectives throughout 2022 have been to lead St Mary’s church, joining together in the transforming mission of God through growing disciples, wider, younger, deeper.
Rev’d Daniel Bauhahn and his family arrived at St Mary’s in July 2022, when he began his curacy in the East Leake Benefice, following his ordination at Southwell Minster on 3[rd] July 2022.
Financial review
Total receipts on ordinary unrestricted funds were £144,014 and are detailed in the financial statements.
£133,910 was spent from unrestricted funds to provide the Christian ministry from St Mary’s Church, including a £83,184 contribution to the Diocesan Parish Share, which largely provides the stipends, pensions and housing for the clergy.
The net result for the year on unrestricted funds was an unexpected surplus of £10,104. Income was £2,000 above that budgeted, whereas expenditure was around £8,000 less than expected. General administration costs were lower, as were church and hall running costs. It remains to be seen whether these reductions can be maintained during 2023.
After adding bank and deposit balances brought forward at the beginning of the year, the balance carried forward at 31[st] December for unrestricted funds totalled £26,451.
Restricted income / expenditure showed a surplus of £10,335 at the end of the year, with a restricted fund balance of £64,644. The surplus is principally because of a second generous donation towards funding our Children’s and Families’ Minister.
This Annual Report was approved by the PCC on 13[th] March 2023
and signed on their behalf by Rev’d Tim Parker (PCC Chairperson)
……………………………………………………………………………………………….
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PAROCHIAL CHURCH COUNCIL OF EAST LEAKE
-
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 December 2022
| Note INCOMING RESOURCES Donations and Legacies Income from other events & Activities Investment Income TOTAL INCOMING RESOURCES 2 EXPENDITURE Cost of raising funds Ministry Expenses Church Running Costs Hall Running Costs Other Expenditure Administration cost Major Repairs and Renewals TOTAL EXPENDITURE 3 NET INCOME/(EXPENDITURE) Transfer between Funds Net gains (losses) on Investment Assets - unrealised Net Movement in Funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted Total Total Funds Funds Funds Funds 2022 2021 £ £ £ £ 131,355 35,484 166,840 146,008 11,599 4,446 16,045 17,945 1,060 - 1,060 44 |
|---|---|
| 144,014 39,930 183,944 163,996 |
|
| - - - - 100,238 22,540 122,778 102,319 7,768 - 7,768 9,580 5,643 - 5,643 6,964 1,668 493 2,162 1,692 11,994 - 11,994 12,485 - - - 9,340 |
|
| 133,910 29,595 163,505 150,699 |
|
| 10,104 10,335 20,439 13,297 - - - - - - - - |
|
| 10,104 10,335 20,439 13,297 16,347 54,309 70,657 57,360 |
|
| 26,451 64,644 91,096 70,657 |
The notes on pages 3 to 6 form part of these accounts.
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PAROCHIAL CHURCH COUNCIL OF EAST LEAKE
BALANCE SHEET 31 December 2022
| Notes CURRENT ASSETS Debtors and prepayments Short Term Deposits CBF Church of England Deposit Fund Cash at Bank and in hand Bank Cash Total Current Assets LIABILITIES FALLING DUE WITHIN ONE YEAR Accruals and deferred income LIABILITIES FALLING DUE AFTER ONE YEAR NET ASSETS ACCUMULATED FUNDS Unrestricted Fund Restricted Funds |
2022 Total £ £ 6,930 72,638 13,427 12 13,439 93,008 (1,912) - 91,096 26,451 64,644 91,096 |
2021 Total £ £ 7,244 51,630 12,947 8 12,954 71,828 (1,171) - 70,657 16,347 54,310 70,657 |
2021 Total £ £ 7,244 51,630 12,947 8 12,954 71,828 (1,171) - 70,657 16,347 54,310 70,657 |
|---|---|---|---|
| 71,828 (1,171) - |
|||
| 70,657 | |||
| 16,347 54,310 |
|||
| 70,657 |
Approved by the Parochial Church Council on 2023 and signed on its behalf by:
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Chairman Treasurer
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The notes on pages 3 to 6 form part of these accounts.
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PAROCHIAL CHURCH COUNCIL OF EAST LEAKE
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2022
1 ACCOUNTING POLICIES
The financial statements have been prepared in accordance with applicable United Kingdom accounting standards, the "Statement of Recommended Practice" issued by the Charity Commissioners and the Charities Act 1993.The financial statements have been prepared under the historical cost convention. The accruals basis of accounting has been adopted. The principal accounting policies are applied consistently.
Funds
General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.
The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members.
Incoming Resources
Voluntary income and capital sources
Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognised only when received. Income Tax recoverable on Gift Aid donations is recognised when income is recognised. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain. Funds raised by Fund-Raising activities are accounted for gross.
Income from investments
Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue.
Outgoing Resources
Grants
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.
Activities directly relating to the work of the Church
The parish share payable to the Diocese is accounted for when payable. Any parish share unpaid at 31 December is provided for in these accounts as an operational (though not legal) liability and is shown as a creditor in the Balance Sheet.
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PAROCHIAL CHURCH COUNCIL OF EAST LEAKE
NOTES TO THE FINANCIAL STATEMENTS (Continued)
2 Incoming Resources for the year ended 31 December 2022
| 2 Incoming Resources for the year ended | 31 December 2022 | 31 December 2022 | 31 December 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| INCOMING RESOURCES (a) Voluntary receipts Planned giving Giving on which tax is recoverable Income Tax recoverable on giving Other Church collections Donations (b) Other voluntary receipts Grants Legacies (c) Receipts from activities for generating funds Hall Income (d) Receipts from church activities Fees (e) Receipts from investments Interest (f) Other miscellaneous income Social Events Churchyard Parish Social Fund Contributions toward Youth Ministry Contributions toward Staff Expenses Printing Costs recharged VAT Recoverable - LPW Grant Furlough Payments Other income TOTAL INCOMING RESOURCES |
Unrestricted £ £ 81,901 24,467 5,506 4,165 15,066 131,105 250 - 250 4,000 4,000 4,304 1,060 - 46 - - 2,675 - - 575 3,295 |
Restricted £ £ - 6,966 - 4,191 23,327 34,484 - 1,000 1,000 - - - - - - - 281 4,125 - - - - 40 4,446 |
TOTAL FUNDS 31 December 2022 £ £ 81,901 31,434 5,506 8,357 38,393 - 165,590 250 1,000 1,250 4,000 - 4,000 4,304 1,060 - 46 281 4,125 - 2,675 - - 615 7,741 |
TOTAL FUNDS | |||||||
| Unrestricted £ £ 81,901 24,467 5,506 4,165 15,066 131,105 250 - 250 4,000 4,000 4,304 1,060 - 46 - - 2,675 - - 575 3,295 |
Restricted £ £ - 6,966 - 4,191 23,327 34,484 - 1,000 1,000 - - - - - - - 281 4,125 - - - - 40 4,446 |
31 December 2022 £ £ 81,901 31,434 5,506 8,357 38,393 - 165,590 250 1,000 1,250 4,000 - 4,000 4,304 1,060 - 46 281 4,125 - 2,675 - - 615 7,741 |
31 December 2021 £ £ 74,336 27,472 6,971 3,871 31,258 - 143,908 2,100 - 2,100 3,730 - 3,730 3,917 44 700 - - 1,420 3,000 2,549 296 1,699 633 10,298 |
||||||||
| 144,014 | 39,930 | 183,944 | 163,996 | ||||||||
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PAROCHIAL CHURCH COUNCIL OF EAST LEAKE
NOTES TO THE FINANCIAL STATEMENTS (Continued)
3 Expenditure for the year ended 31 December 2022
| RESOURCES USED Costs of fundraising Activities relating to the work of the Church Charitable giving: Church overseas missions Church societies and home mission Other Charities Ministry Diocesan Parish Share Expenses of Incumbent Expenses of Assistant Staff Honoraria Service Expenses Organist Fees Youth Ministry Children and Families Ministry Outreach and Messy Church Church Running Costs Insurance Electricity Gas Water Repairs Quinquennial Inspection Hall Running Costs Insurance Electricity Caretaker Repairs Sundry Exps Other Expenditure Upkeep of Churchyard Miscellaneous Expenses Parish Social Fund Social Events General Administration Printing and Copying Other Expenses Salaries Major Repairs Fabric Cameras / Projection System Installations Surplus/(Deficit) for year before other recognised gains and losses Gains/(Losses) on investment assets Inter Fund Transfers Net movement of Funds Opening Reserves Closing Reserves |
TOTAL FUNDS | TOTAL FUNDS | TOTAL FUNDS | TOTAL FUNDS | TOTAL FUNDS | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted £ £ - 3,300 3,300 - 6,600 83,184 420 799 610 4,126 3,220 7,878 - - 100,238 2,487 2,132 2,307 95 747 - 7,768 574 1,782 2,860 353 74 5,643 46 1,623 - - 1,668 4,357 2,032 5,604 11,994 - - 133,910 10,104 - - 10,104 16,347 26,451 |
Restricted £ £ - 2,603 1,638 2,321 6,562 - - - - - - 4,272 18,268 - 22,540 - - - - - - - - - - - - - - 67 426 - 493 - - - - - 29,595 10,335 - - 10,335 54,309 64,644 |
31 December 2022 £ £ - 5,903 4,938 2,321 13,162 83,184 420 799 610 4,126 3,220 12,150 18,268 - 122,778 2,487 2,132 2,307 95 747 - 7,768 574 1,782 2,860 353 74 5,643 46 1,690 426 - 2,162 4,357 2,032 5,604 11,994 - - - - 163,505 20,439 - - 20,439 70,657 91,096 |
31 December 2021 £ £ - 3,000 3,084 2,234 8,318 79,344 665 165 1,305 1,635 2,260 10,449 6,496 - 102,319 2,429 1,441 2,225 4 3,481 - 9,580 548 1,822 3,065 876 653 6,964 - 509 - 1,183 1,692 4,693 2,405 5,387 12,485 - 9,340 - 9,340 150,699 13,297 - - 13,297 57,360 70,657 |
||||||||
| - - |
|||||||||||
| - | - | - - - |
|||||||||
| 133,910 10,104 - - |
29,595 10,335 - - |
163,505 20,439 - - |
150,699 13,297 - - |
||||||||
| 10,104 16,347 |
10,335 54,309 |
20,439 70,657 |
13,297 57,360 |
||||||||
| 26,451 | 64,644 | 91,096 | 70,657 | ||||||||
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PAROCHIAL CHURCH COUNCIL OF EAST LEAKE
NOTES TO THE FINANCIAL STATEMENTS (Continued)
| - Unrestricted 2022 £ 4 STAFF COSTS Wages and salaries 8,464 No payments have been made to members of the Parochial Church Council. 5 DEBTORS Income Tax recoverable Hall Income Youth Ministry Compass Contribution VAT Recoverable Other debtors and prepayments 6 ANALYSIS OF NET ASSETS BY FUND Unrestricted Funds £ Cash on Short Term Deposit 72,638 Other Current Assets (44,275) Current liabilities (1,912) 26,452 7 FUND DETAILS Balance 1 January Restricted Funds; Church Fabric Fund 8,988 Parish Social Fund 663 Flower Fund 67 Hardship Fund 708 Young Children / Holiday Club 205 Youth Ministry Fund - Charities - Childrens Mission 43,679 54,309 |
Restricted 2022 £ 22,644 31 December 2022 2,720 1,183 445 - - 2,583 6,930 Restricted Funds £ - 64,644 - 64,644 Income 1,000 281 - 2,310 48 4,205 4,924 27,163 39,930 |
Total Total 2022 2021 £ £ 31,108 19,695 31 December 2021 2,106 1,250 670 - - 3,217 7,244 Total Funds £ 72,638 20,370 (1,912) 91,096 Balance Expenditure 31 December 2022 - 9,988 426 517 67 - 1,638 1,380 67 186 4,205 - 4,924 - 18,268 52,574 29,595 64,644 |
Total 2021 £ 19,695 |
|---|---|---|---|
| 64,644 |
The Endowment Capital of the Birchnall, Potter and Little/Godber Capital Endowment Funds comprise a combination of CBF Shares and deposits. At 31 December 2022 the value of the funds was £ 2,417 (2021: £2,524).
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