St Mary's Church, East Leake Annual Report of the Parochial Church Council For the Year Ended 3131 December 2023 Administrative Infom)ation St Mary's Church is situated at the comer 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 Corresponden address is The Rectory, 3 Baleman Road, East Leake, LE12 6LN. The Parochial Church Counal {PCC) is a charity registered with the Charrty Commission. Charty number 1130545. PCC members who have seNed from 151 January 2023 until the date of this report are: Incumbent: The Rev'd Timothy J Parker Chairperson The Rev'd Daniel Bauhahn Curale: Associat• Priests: The Rev'd Mary Essex The Rev'd Andrew Livingston Lay Readers. Representative.. Mr John O'Nions Wardens: Mr Conrad Oatey Mrs Voirrey Paesler Treasurer From APCM 2023, 26th April 2023 Ropr•sontatives on the Deanery Synod: Mrs Sue Shaw Mr Colin Knight Mr Ron Hill Mr John Alexander PCC Secretary Until APCM 2023, 261h April 2023 From APCM 2023. 26th April 2023 Elected Members: Mrs Ann Harris Mr Paul Hobson Mr Dudley Pate Mrs Pam Peacock Mrs Voirrey Paesler Mrs Laura Taylor Mr Phil Westwood Mrs Barbara Wright Mr Jamie Taylor Mr Jacob Langley Mrs Sharon Pumell Mrs Janet Bonser Mr Ron Hill Until APCM 2023. 26th April 2023 Until APCM 2023. 26th April 2023 Until November 2023 Until October 2023 From APCM 2023, 26th April 2023 From APCM 2023. 26th April 2023 From APCM 2023. 26th April 2023 From APCM 2023, 26th April 2023 From APCM 2023, 26th April 2023 Co-optsd Memb•rs: Mr Daniel Pate Mr Michael Gibbney From June 2023 From June 2023 1. Structure. governance and management The method of appointrnent of PCC members is set out in the Church Representstion Rules. All church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.
- Objectives and activitses St Mary's PCC has the responsibility of ctroperating with the incumbent, in promoting in the ecclesiastical parish the wbole mission of the Church, pastoral, evangelistic, social and ecumenical. Safeguarding is vital to ensure that children, young people and vulnerable adUS are kept safe whilst in the care of the church, an integral part of our church life. The Parish Safeguarding Co-ordinators during the year were Mrs Pam Peacock until July 2023, succeeded by Mrs Helen Livingston. 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.
- Achievements and performance Church attendance There were 157 parishioners on the Church Electoral Roll as at the April 2023 Annual Meeting. compared with 148 people as at the 2022 Annual Meeting. The average weekly attendance at church counted during October 2023 was 120, an increase from 114 in 2022. The attendan at festivals was 171 on Easter Sunday and 71 on Chrislmas Day. Online Digital Worship continued during 2023. providing live-streamed services at home. Revlew of the year The full PCC met 8 times during the year. Objectives throughout 2023 have been to lead St Mary's church, joining together in the transfomiing mission of God through growing disciples, wider, younger, deeper and in their compassion. confidence and courage. Financial review Total receipts on ordinary unrestricted funds were £146.482 and are detailed in financial statements. £150,109 was spent from unrestricted funds to provide the Christian ministry from St Mary's Church, including a £87,850 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 unplanned deficit of £3.627. Income was £1,500 below that budgeted. whereas expenditure was around £2,150 more than expected. The budget was over-optimistic in relation to ad hoc donations, impacting the total income. About half the additional expenditure related to the costs of electrical work.. whilst the replacement lighting was more than covered by Ihe Fabric Fund, upgrades to the electrical infrastructure were unexpected and needed some general funds once the Fabric Fund was exhausted. After adding bank and depostt balanS brought forward at the beginning of the year, Ihe balance carried forward at 31st December for unrestricted funds totalled £22,825. Restricted income l expenditure showed a deficit of £28,499 at the end of the year, with restricted fund balance of £36,145. The deficit results principally from the new lighting (Fabric Fund) and the costs of the Children and Families Worker. This Annual Report was approved by the PCC on 8th April 2024 and signed on their behalf by Rev'd Tim Parker (PCC Chairperson)
PAROCHIAL CHURCH COUNCIL OF EAST LEAKE
-
STATEMENT OF FINANCIAL ACTIVITIES
| FOR THE YEAR ENDED | 31 December 2023 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Funds | Funds | Funds | Funds | |||
| 2023 | 2022 | |||||
| Note | £ | £ | £ | £ | ||
| INCOMING RESOURCES | ||||||
| Donations and Legacies | 123,282 | 7,766 | 131,048 | 166,840 | ||
| Income from other events & Activities | 20,444 | 3,670 | 24,114 | 16,045 | ||
| Investment Income | 2,756 | - | 2,756 | 1,060 | ||
| TOTAL INCOMING RESOURCES | 2 | 146,482 | 11,436 | 157,918 | 183,944 | |
| EXPENDITURE | ||||||
| Cost of raising funds | - | - | - | - | ||
| Ministry Expenses | 108,186 | 23,747 | 131,933 | 122,778 | ||
| Church Running Costs | 10,657 | - | 10,657 | 7,768 | ||
| Hall Running Costs | 7,288 | - | 7,288 | 5,643 | ||
| Other Expenditure | 2,992 | 600 | 3,592 | 2,162 | ||
| Administration cost | 13,279 | - | 13,279 | 11,994 | ||
| Major Repairs and Renewals | 1,106 | 9,988 | 11,094 | - | ||
| TOTAL EXPENDITURE | 3 | 150,109 | 39,935 | 190,044 | 163,505 | |
| NET INCOME/(EXPENDITURE) | (3,627) | (28,499) | (32,126) | 20,439 | ||
| Transfer between Funds | - | - | - | - | ||
| Net gains (losses) on Investment | ||||||
| Assets - unrealised | - | - | - | - | ||
| Net Movement in Funds | (3,627) | (28,499) | (32,126) | 20,439 | ||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 26,451 | 64,644 | 91,096 | 70,657 | ||
| TOTAL FUNDS CARRIED FORWARD | 22,825 | 36,145 | 58,970 | 91,096 |
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 2023
| 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 |
2023 Total £ £ 7,469 35,298 17,642 245 17,887 60,654 (1,684) - 58,970 22,825 36,145 58,970 |
2022 Total £ £ 6,930 72,638 13,427 12 13,439 93,008 (1,912) - 91,096 26,451 64,644 91,096 |
2022 Total £ £ 6,930 72,638 13,427 12 13,439 93,008 (1,912) - 91,096 26,451 64,644 91,096 |
|---|---|---|---|
| 93,008 (1,912) - |
|||
| 91,096 | |||
| 26,451 64,644 |
|||
| 91,096 |
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 2023
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 2023
| 2 Incoming Resources for the year ended | 31 December 2023 | 31 December 2023 | 31 December 2023 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 Expenses Printing Costs recharged VAT Recoverable - LPW Grant Furlough Payments Other income TOTAL INCOMING RESOURCES |
Unrestricted £ £ 85,010 22,957 4,610 5,499 4,456 122,532 750 - 750 5,039 5,039 4,447 2,756 965 - - 6,000 2,922 - - 1,070 10,958 |
Restricted £ £ - 1,367 - 4,014 2,385 7,766 - - - - - - - - - - - 3,670 - - - - - 3,670 |
TOTAL FUNDS 31 December 2023 £ £ 85,010 24,324 4,610 9,513 6,841 - 130,298 750 - 750 5,039 - 5,039 4,447 2,756 965 - - 3,670 6,000 2,922 - - 1,070 14,628 |
TOTAL FUNDS | |||||||
| Unrestricted £ £ 85,010 22,957 4,610 5,499 4,456 122,532 750 - 750 5,039 5,039 4,447 2,756 965 - - 6,000 2,922 - - 1,070 10,958 |
Restricted £ £ - 1,367 - 4,014 2,385 7,766 - - - - - - - - - - - 3,670 - - - - - 3,670 |
31 December 2023 £ £ 85,010 24,324 4,610 9,513 6,841 - 130,298 750 - 750 5,039 - 5,039 4,447 2,756 965 - - 3,670 6,000 2,922 - - 1,070 14,628 |
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 |
||||||||
| 146,482 | 11,436 | 157,918 | 183,944 | ||||||||
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PAROCHIAL CHURCH COUNCIL OF EAST LEAKE
NOTES TO THE FINANCIAL STATEMENTS (Continued)
3 Expenditure for the year ended 31 December 2023
| 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 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 Lighting Replacement 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 87,850 560 1,909 670 3,415 3,686 10,095 - 108,186 2,817 1,930 2,633 291 2,038 948 10,657 628 2,369 3,432 782 77 7,288 - 2,054 - 938 2,992 4,973 2,141 6,164 13,279 1,106 1,106 150,109 (3,627) - - (3,627) 26,451 22,825 |
Restricted £ £ - 1,790 1,027 2,783 5,600 - - - - - - 3,670 20,077 - 23,747 - - - - - - - - - - - - - - 83 517 - 600 - - - 9,988 9,988 39,935 (28,499) - - (28,499) 64,644 36,145 |
31 December 2023 £ £ - 5,090 4,327 2,783 12,200 87,850 560 1,909 670 3,415 3,686 13,766 20,077 - 131,933 2,817 1,930 2,633 291 2,038 948 10,657 628 2,369 3,432 782 77 7,288 - 2,137 517 938 3,592 4,973 2,141 6,164 13,279 - 11,094 - 11,094 190,044 (32,126) - - (32,126) 91,096 58,970 |
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 |
||||||||
| - - - |
|||||||||||
| 150,109 (3,627) - - |
39,935 (28,499) - - |
190,044 (32,126) - - |
163,505 20,439 - - |
||||||||
| (3,627) 26,451 |
(28,499) 64,644 |
(32,126) 91,096 |
20,439 70,657 |
||||||||
| 22,825 | 36,145 | 58,970 | 91,096 | ||||||||
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PAROCHIAL CHURCH COUNCIL OF EAST LEAKE
NOTES TO THE FINANCIAL STATEMENTS (Continued)
| - Unrestricted 2023 £ 4 STAFF COSTS Wages and salaries 14,786 No payments have been made to members of the Parochial Church Council. 5 DEBTORS Income Tax recoverable Hall Income Youth Ministry Compass Contribution Other debtors and prepayments 6 ANALYSIS OF NET ASSETS BY FUND Unrestricted Funds £ Cash on Short Term Deposit - Other Current Assets 24,509 Current liabilities (1,684) 22,825 7 FUND DETAILS Balance 1 January Restricted Funds; Church Fabric Fund 9,988 Parish Social Fund 517 Flower Fund - Hardship Fund 1,380 Young Children / Holiday Club 186 Youth Ministry Fund - Charities - Childrens Mission 52,574 64,644 |
Restricted 2023 £ 25,516 31 December 2023 2,674 974 1,280 - 2,542 7,469 Restricted Funds £ 35,298 848 - 36,145 Income - - 83 1,162 - 3,670 4,573 1,949 11,436 |
Total Total 2023 2022 £ £ 40,303 31,108 31 December 2022 2,720 1,183 445 - 2,583 6,930 Total Funds £ 35,298 25,356 (1,684) 58,970 Balance Expenditure 31 December 2023 9,988 - 517 - 83 - 1,027 1,514 186 - 3,670 (0) 4,573 - 19,891 34,631 39,935 36,145 |
Total 2022 £ 31,108 |
|---|---|---|---|
| 36,145 |
The Endowment Capital of the Birchnall, Potter and Little/Godber Capital Endowment Funds comprise a combination of CBF Shares and deposits. At 31 December 2023 the value of the funds was £2,414 (2022: £2,417).
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