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.
2. 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.
3. 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.
Page 1
**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:
**----- 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 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.
Page 3
**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**|
|||||||||||||
Page 4
**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**|
|||||||||||||
Page 5
## **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).
Page 6
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