## **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. 1 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)** 2 **PAROCHIAL CHURCH COUNCIL OF EAST LEAKE** **-** ## **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: **----- 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 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. Page 3 **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**| ||||||||||||| Page 4 **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**|| |||||-
-
-
-
-
-|||||||| |||||-
-
-
-
-|||||||| |||||-
-
-
-|||||||| |||||-
-|||||||| |||||-|||||||| ||||||||||||| |||**159,819**
**326**
-
-|||**26,392**
**(12,741)**
-
-|||**186,211**
**(12,415)**
-
-|||**190,044**
**(32,126)**
-
-| |||**326**
22,825|||**(12,741)**
36,145|||**(12,415)**
58,970|||**(32,126)**
91,096| |||**23,151**|||**23,404**|||**46,555**|||**58,970**| ||||||||||||| Page 5 ## **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). Page 6 ## **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: - examine the accounts under section 145 of the Charities Act - 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 - 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: - (1) which gives me reasonable cause to believe that in any material respect the requirements - to keep accounting records in accordance with section 130 of the Charities Act; and - 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 - (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