## **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. 1 ## **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)** **……………………………………………………………………………………………….** 2 **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. Page 1 **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: **----- Start of picture text -----**
Chairman Treasurer
**----- End of picture text -----**
The notes on pages 3 to 6 form part of these accounts. Page 2 **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. Page 3 **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**| ||||||||||||| Page 4 **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**| ||||||||||||| Page 5 ## **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). Page 6 ## ## ## ##