St Mary’s Church, East Leake
Annual Report of the Parochial Church Council For the Year Ended 31[st] December 2024
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 2024 until the date of this report are:
Incumbent: The Rev’d Timothy J Parker Chairperson Curate: The Rev’d Daniel Bauhahn Associate Priests: The Rev’d Mary Essex The Rev’d Andrew Livingston
Lay Readers’ Representative : Mr John O’Nions Wardens: Mr Conrad Oatey Treasurer Mrs Voirrey Paesler Representatives on Mrs Sue Shaw PCC Secretary the Deanery Synod: Mr Colin Knight Mr John Alexander Elected Members: Mrs Ann Harris Until her death in April 2024 Mr Paul Hobson Until APCM 2024, 13[th] May 2024 Mr Dudley Pate Until APCM 2024, 13[th] May 2024 Mrs Pam Peacock Mr Jamie Taylor Mr Jacob Langley Mrs Sharon Purnell Mrs Janet Bonser Mr Ron Hill Mr Daniel Pate From APCM 2024, 13[th] May 2024 Mr Michael Gibbney From APCM 2024, 13[th] May 2024 Dr Debra Bunford From APCM 2024, 13[th] May 2024 & Parish Safeguarding Officer Mrs Helen Livingston From APCM 2024, 13[th] May 2024
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.
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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-ordinators during the year was 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 161 parishioners on the Church Electoral Roll as at the April 2024 Annual Meeting, compared with 157 people as at the 2023 Annual Meeting. The average weekly attendance at church counted during October 2024 was 126, an increase from 114 in 2023.
The attendance at festivals was 175 on Easter Sunday and 87 on Christmas Day.
Online Digital Worship continued during 2024, providing live-streamed services at home.
Review of the year
The full PCC met 9 times during the year. Objectives throughout 2024 have been to lead St Mary’s church, joining together in the transforming 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 £160,146 and are detailed in the financial statements.
£159,819 was spent from unrestricted funds to provide the Christian ministry from St Mary’s Church, including a £93,300 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 a small surplus of £326, almost exactly as budgeted. Both income and expenditure were around £1.500 above the budgeted figures.
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 £23,151.
Further increases in giving will be required in 2025 to ensure that costs will be met without significantly depleting the already minimal reserves.
Restricted income / expenditure showed a deficit of £12,741 at the end of the year, with a restricted fund balance of £23,404. The deficit results principally from the costs of the Children and Families Worker in the first part of the year.
This Annual Report was approved by the PCC on 10[th] March 2025
and signed on their behalf by Conrad Oatey (PCC Chairperson in the Vicar’s absence on sabbatical)
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PAROCHIAL CHURCH COUNCIL OF EAST LEAKE
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STATEMENT OF FINANCIAL ACTIVITIES
| FOR THE YEAR ENDED | 31 December 2024 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Funds | Funds | Funds | Funds | |||
| 2024 | 2023 | |||||
| Note | £ | £ | £ | £ | ||
| INCOMING RESOURCES | ||||||
| Donations and Legacies | 137,491 | 7,371 | 144,861 | 131,048 | ||
| Income from other events & Activities | 21,047 | 6,280 | 27,327 | 24,114 | ||
| Investment Income | 1,608 | - | 1,608 | 2,756 | ||
| TOTAL INCOMING RESOURCES | 2 | 160,146 | 13,651 | 173,796 | 157,918 | |
| EXPENDITURE | ||||||
| Cost of raising funds | - | - | - | - | ||
| Charitable Giving | 7,400 | 6,319 | 13,719 | 12,200 | ||
| Ministry Expenses | 114,831 | 20,073 | 134,903 | 131,933 | ||
| Church Running Costs | 9,099 | - | 9,099 | 10,657 | ||
| Hall Running Costs | 7,140 | - | 7,140 | 7,288 | ||
| Other Expenditure | 7,163 | - | 7,163 | 3,592 | ||
| Administration cost | 13,647 | - | 13,647 | 13,279 | ||
| Major Repairs and Renewals | 540 | - | 540 | 11,094 | ||
| TOTAL EXPENDITURE | 3 | 159,819 | 26,392 | 186,211 | 190,044 | |
| NET INCOME/(EXPENDITURE) | 326 | (12,741) | (12,415) | (32,126) | ||
| Transfer between Funds | - | - | - | - | ||
| Net gains (losses) on Investment | ||||||
| Assets - unrealised | - | - | - | - | ||
| Net Movement in Funds | 326 | (12,741) | (12,415) | (32,126) | ||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 22,825 | 36,145 | 58,970 | 91,096 | ||
| TOTAL FUNDS CARRIED FORWARD | 23,151 | 23,404 | 46,555 | 58,970 |
The notes on pages 3 to 6 form part of these accounts.
Page 1
PAROCHIAL CHURCH COUNCIL OF EAST LEAKE
BALANCE SHEET 31 December 2024
| 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 |
2024 Total £ £ 8,119 26,799 15,121 8 15,130 50,048 (3,493) - 46,555 23,151 23,404 46,555 |
2023 Total £ £ 7,469 35,298 17,642 245 17,887 60,654 (1,684) - 58,970 22,825 36,145 58,970 |
2023 Total £ £ 7,469 35,298 17,642 245 17,887 60,654 (1,684) - 58,970 22,825 36,145 58,970 |
|---|---|---|---|
| 60,654 (1,684) - |
|||
| 58,970 | |||
| 22,825 36,145 |
|||
| 58,970 |
Approved by the Parochial Church Council on 10 March 2025 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 2024
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 2024
| 2 Incoming Resources for the year ended | 31 December 2024 | 31 December 2024 | 31 December 2024 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 Other income TOTAL INCOMING RESOURCES |
Unrestricted £ £ 94,116 25,159 6,834 6,438 3,944 136,491 - 1,000 1,000 4,356 4,356 4,994 1,608 2,172 35 701 3,000 2,838 - 2,951 11,697 |
Restricted £ £ - 1,232 - 4,084 2,054 7,371 - - - - - - - - - - - 5,790 - - - 490 6,280 |
TOTAL FUNDS 31 December 2024 £ £ 94,116 26,391 6,834 10,522 5,998 - 143,861 - 1,000 1,000 4,356 - 4,356 4,994 1,608 2,172 35 - 6,491 3,000 2,838 - 3,441 17,977 |
TOTAL FUNDS | |||||||
| Unrestricted £ £ 94,116 25,159 6,834 6,438 3,944 136,491 - 1,000 1,000 4,356 4,356 4,994 1,608 2,172 35 701 3,000 2,838 - 2,951 11,697 |
Restricted £ £ - 1,232 - 4,084 2,054 7,371 - - - - - - - - - - - 5,790 - - - 490 6,280 |
31 December 2024 £ £ 94,116 26,391 6,834 10,522 5,998 - 143,861 - 1,000 1,000 4,356 - 4,356 4,994 1,608 2,172 35 - 6,491 3,000 2,838 - 3,441 17,977 |
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 |
||||||||
| 160,146 | 13,651 | 173,796 | 157,918 | ||||||||
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PAROCHIAL CHURCH COUNCIL OF EAST LEAKE
NOTES TO THE FINANCIAL STATEMENTS (Continued)
3 Expenditure for the year ended 31 December 2024
| 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 Kneelers (Lighting last year) 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 £ £ - 3,500 3,900 - 7,400 93,300 460 1,189 880 4,681 3,664 10,657 - 114,831 2,875 2,346 2,485 191 1,202 - 9,099 558 2,470 3,900 129 83 7,140 35 4,163 - 2,965 7,163 5,051 2,066 6,530 13,647 540 540 159,819 326 - - 326 22,825 23,151 |
Restricted £ £ - 465 3,892 1,962 6,319 - - - - - - 5,790 14,283 - 20,073 - - - - - - - - - - - - - - - - - - - - - - - 26,392 (12,741) - - (12,741) 36,145 23,404 |
31 December 2024 £ £ - 3,965 7,792 1,962 13,719 93,300 460 1,189 880 4,681 3,664 16,447 14,283 - 134,903 2,875 2,346 2,485 191 1,202 - 9,099 558 2,470 3,900 129 83 7,140 35 4,163 - 2,965 7,163 5,051 2,066 6,530 13,647 - 540 - 540 186,211 (12,415) - - (12,415) 58,970 46,555 |
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 |
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| - - - - - - |
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| - - - - - |
|||||||||||
| - - - - |
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| - - |
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| - | |||||||||||
| 159,819 326 - - |
26,392 (12,741) - - |
186,211 (12,415) - - |
190,044 (32,126) - - |
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| 326 22,825 |
(12,741) 36,145 |
(12,415) 58,970 |
(32,126) 91,096 |
||||||||
| 23,151 | 23,404 | 46,555 | 58,970 | ||||||||
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PAROCHIAL CHURCH COUNCIL OF EAST LEAKE
NOTES TO THE FINANCIAL STATEMENTS (Continued)
| - Unrestricted 2024 £ 4 STAFF COSTS Wages and salaries 18,301 No payments have been made to members of the Parochial Church Council. 5 DEBTORS Income Tax recoverable Hall Income Youth Ministry Other debtors and prepayments 6 ANALYSIS OF NET ASSETS BY FUND Unrestricted Funds £ Cash on Short Term Deposit 3,396 Other Current Assets 23,249 Current liabilities (3,493) 23,151 7 FUND DETAILS Balance 1 January Restricted Funds; Hardship Fund 1,514 Young Children / Holiday Club - Youth Ministry Fund - Charities - Childrens Mission 34,631 36,146 |
Restricted 2024 £ 19,164 31 December 2024 1,885 1,547 1,435 3,252 8,119 Restricted Funds £ 23,404 - - 23,404 Income 991 515 5,790 4,593 1,761 13,651 |
Total Total 2024 2023 £ £ 37,465 40,303 31 December 2023 2,674 974 1,280 2,542 7,469 Total Funds £ 26,799 23,249 (3,493) 46,555 Balance Expenditure 31 December 2024 1,726 779 446 69 5,790 (0) 4,593 - 13,837 22,556 26,392 23,404 |
Total 2023 £ 40,303 |
|---|---|---|---|
| 23,404 |
The Endowment Capital of the Birchnall, Potter and Little/Godber Capital Endowment Funds comprise a combination of CBF Shares and deposits. At 31 December 2024 the value of the funds was £2,513 (2023: £2,493).
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St. Mary's Church, East Leake
Annual Report and
Financial Statements
of the
Parochial Church Council
for the year ended 31 December 2024
Incumbent:
The Revd. Tim Parker
Associate Priest
Bank:
Santander UK Ltd 2 Triton Square Regent's Place London NW1 3AN
Independent Examiner:
Mr David Simpkin Rempstone Loughborough Leicestershire
Independent Examiners Report to the PCC of St. Mary's East Leake
For the year ended 31 December 2024
This report is on the Accounts of the PCC for the year ended 31 December 2024 as set out on pages 1 to 3.
Respective responsibilities of trustee and examiner
As members of the Parochial Church Council (PCC) you are responsible for the preparation of the accounts; you consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act
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to follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5)(b) of the Charities Act; and
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to state whether particular matters have come to my attention.
Basis of this Report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an opinion as to whether the accounts present a "true and fair" view and the report is limited to those matters set out in the statement below.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities Act have not been met; or
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(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
David Simpkin Rempstone
30 January 2025