2023-12-31-accounts

			The Parish ofthe Transfiguration	The Parish ofthe Transfiguration		- Little	Bowden	Bowden
			Charity Information
			For the Year Ended 31December 2023
Status			The parish is	a	registered		charity	within the Anglican	Diocese
			ofLeicester.
Charity Registration		Number	1132167
PCC Members			The members	who served			during	the year are listed in	the PCC
			Report.
Address for Correspondence			The Secretary		of	the PCC
			61 Symington		Way
			Market Harborough
			Leicestershire
			LE167XA
Independent	Examiner		Adrian A. Bentley B.Sc.A.C.A.
			Edward Thomas			Peirson k Sons
			21,The Point
			Rockingham	Road
			Market Harborough
			Leicestershire
			LE167NU
Bankers			Barclays Bank		PLC
			Leicester
			LE872AB
			CONTENTS
									Page
Charity Information									1
Annual report	on the proceedings ofthe PCC and the activities ofthe				parish				2-5
Independent Examiner's		Report							6
Statement ofFinancial		Activities							7
Balance Sheet									8
Notes to the Accounts									9-19

ExOfficio members		Elected members
Miss EAllen	Pastoral Assistant	Mrs G Baverstock
Mrs G Driver	Church Warden	Mrs V Dunton
Mrs S Duke	Deanery Synod Rep to 18/04/23	Mrs K Helm	Safeguarding		Officer
Mrs A Hathaway	Deanery Synod Rep and Secretary	Mr SJoy
Mr A Michaelwaite	Deanery Synod Rep	Mrs SPyne	Deanery	Synod Rep from 24/05/23
Mrs N Michaelwaite	Church Warden	Mrs J Sharman
Mrs EWebb	Church Warden	Mrs E Tubb	Resigned	18/04/23
Rev'd A Iliffe	Vicar	Mr A Wells	Treasurer
Rev'd RLeveritt	Assistant Curate	Mr C Woolf	Appointed	24/05/23
Rev'd S Cooper	Associate Priest to 17/07/23
Rev'd Canon A Helm	Associate Priest to 13/09/23, then	co-opted
Rev'd BHill	Team Rector to 01/10/23

						Total	Total
			Unrestricted	Restricted	Endowment	Funds	Funds
		Note	Funds	Funds	Funds	2023	2022
INCOME AND ENDOWMENTS		FROM:
Donations and legacies		2(a)	76,718	35,841		112,559	96,665
Other trading activities		2(b)	32,476	5,266		37,742	35,719
Investments		2(c)	7,228		54	7,282	1,616
Church activities		2(d)	3,554			3,554	3,006
Total income and endowments			119,976	41,107	54	161,137	137,006
EXPENDITURE ON:
Church activities			99,250	32,559	54	131,863	116,921
Raising funds			165	1,340		1,505	2,197
Total expenditure			99,415	33,899	54	133,368	119,118
Net income/(expenditure)	before
gains/(losses) on investments			20,561	7,208		27,769	17,888
Net gains/(losses) on investments			2,221		86	2,307	(771)
Net income/(expenditure)			22,782	7,208	86	30,076	17,117
Transfers between funds
Net movement in funds			22,782	7,208	86	30,076	17,117
Total funds brought forward			375,679	20,254	2,036	397,969	380,852
Total funds carried forward			398,461	27,462	2,122	428,045	397,969

		The Parish ofthe Transfiguration	The Parish ofthe Transfiguration	-Little	Bowden
			Balance Sheet
		as	at 31December	2023
			Note		2023		2022
FIXEDASSETS
Tangible assets					199,532		185,616
Fixed asset investments					33,310		11,003
					232,842		196,619
CURRENT ASSETS
Debtors			10	9,151		2,880
Cash at bank			11	190,399		201,798
				199,550		204,678
CURRENT LIABILITIES
Creditors: Amounts	falling due	within one year	12	4,347		3,328
Net current assets					195,203		201,350
NET ASSETS					420,045		397,969
CHARITY FUNDS			13
Unrestricted funds
General funds					289,103		255,623
Designated funds					109,358		120,056
					398,461		375,679
Restricted funds					27,462		20,254
Endowment funds					2, 122		2,036
TOTAL CHARITY FUNDS					425,045		397,969

==> picture [461 x 184] intentionally omitted <==

					For	the Ye	ar Ended	3	1Decembe	r 2023
											Total	Total
2		Income and Endowments				Unrestricted		Restricted		Endowment	Funds	Funds
		from (continued):					Funds		Funds	Funds	2023	2022
	b)	Other trading activities
		General fundraising					5,363		5,266		10,629	9,713
		Rents and 1ettings					27,113				27,113	26,006
							32,476		5,266		37,742	35,719
		Income of63,735	f'rom other trading			activities	in 2022	was	restricted.
	c)	Investments
		Fixed interest securities								35	35	44
		Income shares					648				648	142
		Deposit account interest					6,580			19	6,599	1,430
							7,228			54	7,282	1,616
		Income off47 from investments			in 2022 was		attributed	to	endowment	funds.
	d)	Church activities
		Fees					3,554				3,554	3,006
							3,554				3,554	3,006
		All income from church activities			in	2022 was unrestricted.
											Total	Total
3		Expenditure on:				Unrestricted		Restricted		Endowment	Funds	Funds
							Funds		Funds	Funds	2023	2022
		Church activities
		Missionary and charitable		giving:
		Relief and development					2,195		2,364		4,559	2,734
		Secular organisations					900				900	1,403
							3,095		2,364		5,459	4,137
		Ministry
		Parish share					49,500				49,500	47,000
		Other ministry	costs				2,188		6,185	54	8,427	5,306
		Service streaming	costs				568		402		970	848
		Team office and other Team costs					7,048				7,048	6,868
		Caretakers and other Church workers					12,217				12,217	12,686
		Utilities					7,003		2,137		9,140	7,595
		Insurance					4,662		2,447		7,109	6,575
		Building and equipment		repairs			7,946		12,487		20,433	18,477
		Reordering							2,063		2,063	2,300
		Depreciation					2,925		4,474		7,399	3,155
		Other					808				808	804
		Governance costs	(note 4)				1,290				1,290	1,170
							99,250		32,559	54	131,863	116,921

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No members of the PCC	No members of the PCC	received	received	any remuneration	any remuneration	or had	any expenses	reimbursed	reimbursed	in their capacity	as trustees	as trustees
during either this or the	previous		year. Some members			did receive payments		for other		services provided	to	the PCC,
all ofwhich are detailed	in note		16.
The PCC considers that	it	has no	key management		personnel		other than the	members	ofthe PCC themselves.
Staff Costs
The PCC does not employ		any members ofstaff.
									Office and
							Freehold			Ministry
Tangible Fixed Assets							Properties		Equipment		Total
Cost or valuation
At I January 2023							231,898			10,718		242,616
Additions										21,315		21,315
Disposals
At 31 December 2023							231,898			32,033		263,931
Accumulated depreciation
At 1 January 2023								50,240		6,760		57,000
Charge for the year								1,817		5,582		7,399
Written offon disposal
At 31 December 2023								52,057		12,342		64,399
Net book value
At 31 December 2023							179,841			19,691		199,532
At I January 2023							181,658			3,958		185,616

9	Fixed Asset Investments							2023	2023	2022
	Fair value at 1 January 2023							11,003		1,774
	Additions at cost							20,000		10,000
	Unrealised gains/(losses)	on	revaluation						2,307	(771)
	Fair value at 31December	2023						33,310		11,003
	Investments consist of 1,120 shares			in the CBF	Church of England	Fixed	Interest	Securities Fund		and 1,401.79
	shares in the CBF Church	ofEngland		Investment	Fund. Fair value represents		the mid-market		price of	said shares at
	the balance sheet date.
10	Debtors							2023		2022
	Trade debtors:
	Grants approved but not yet received								2,471	1,041
	Rents and lettings receivable								337
	Other debtors:
	Tax recoverable								1,002	1,248
	Deposit account interest	receivable							2,037	591
	Prepayments:
	Legal fees for the sale ofStHugh's			Church Hall					3,304
									9,151	2,880
11	Cash at Bank and in Hand							2023		2022
	Bank operating accounts								5,767	51,679
	Bank deposit accounts							22,000
	Building Society accounts									35,898
	CBFChurch ofEngland deposit accounts							162,589		114,221
	Petty cash								43
								190,399		201,798
12	Creditors: Amounts falling due within one year							2023		2022
	Accruals and deferred income:
	Reordering								1,440
	Utilities								1,554	589
	Independent examination		fee						1,290	1,170
									4,284	1,759
	Other creditors and accruals								63	1,569
									4,347	3,328

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	The Parish ofthe Transfiguration	The Parish ofthe Transfiguration	The Parish ofthe Transfiguration	-Little Bowden	-Little Bowden
		Notes to the	Accounts
	For the Year Ended		31December		2023
Movement ofFunds		Balances at	Incoming		Resources	Transfers &	Balances at
		1Jan 2023	Resources		Expended	Revaluations	31Dec 2023
Restricted Funds
StNicholas' choir		450					450
St Nicholas' organ		1,142			(60)		1,082
St Nicholas' legacy		11,184			(11,184)
Streaming Project		3,402			(1,402)		2,000
Limitless		1,122		27,272	(9,303)		19,091
St Hugh's Screen and Speakers				880	(880)
St Hugh's Garden and Wildlife Project		789			(213)		576
StNicholas' electrics and	decorating			1,001	(1,001)
St Hugh's Cygnet Project		534		6,026	(3,253)		3,307
Elderberries		1,631		25	(700)		956
Listed Places ofWorship	grants			2,471	(2,471)
Specific causes				3,432	(3,432)
		20,254		41,107	(33,899)		27,462
Endowment Funds
St Hugh's Sanctuary		2,036		54	(54)	86	2,122
Unrestricted Funds (Designated)
St Nicholas' Church fabric		5,438			(5,085)		353
StNicholas' Church Hall		63,059		17,288	(11,093)		69,254
StNicholas' events		5,458		39		(5,497)
St Hugh's Church Hall		13,306		11,242	(6,646)	(11,946)	5,956
St Hugh's Cygnet Project		32,628				1,000	33,628
Hardship Fund		167					167
		120,056		28,569	(22,824)	(16,443)	109,358
Ura estricted Funds (Genet al)
General Fund		255,623		91,407	(76,591)	18,664	289,103
		255,623		91,407	(76,591)	18,664	289,103
Unrestricted Funds (Total)		375,679	119,976		(99,415)	2,221	398,461
TOTAL FUNDS		397,969	161,137		(133,368)	2,307	428,045

The movements in funds	for the previous	financial year w	ere as follows:
		Balances at	Incoming	Resources	Transfers 4	Balances at
		1Jan 2022	Resources	Expended	Revaluations	31Dec 2022
Restricted Funds
St Nicholas' choir		450				450
StNicholas' organ		1,270		(128)		1,142
StNicholas' legacy		17,892		(6,708)		11,184
Streaming Project		4,000	1,250	(1,848)		3,402
Limitless			3,905	(2,783)		1,122
Early Church			879	(879)
StHugh's Garden and Wildlife Project			5,058	(4,269)		789
StNicholas' electrics and	decorating		4,225	(4,225)
Electricity grants			2,174	(2,174)
St Hugh's Cygnet Project			4,152	(3,618)		534
Elderberries			1,912	(281)		1,631
Listed Places ofWorship	grants		1,041	(1,041)
Specific causes			911	(911)
		23,612	25,507	(28,865)		20,254
Endowment Funds
St Hugh's Sanctuary		2,274	47	(47)	(238)	2,036
Unrestricted Funds (Designated)
StNicholas' Church Fabric		5,438				5,438
StNicholas' Church Hall		54,194	18,207	(9,342)		63,059
StNicholas' events		4,300	1,648	(490)		5,458
St Hugh's Church Hall		11,328	8,248	(6,317)	47	13,306
St Hugh's Cygnet Project					32,628	32,628
Hardship Fund				(100)	267	167
		75,260	28,103	(16,249)	32,942	120,056
Unrestri cted Funds (Genet al)
General Fund		247,078	83,349	(73,957)	(847)	255,623
StHugh's Clubroom		32,628			(32,628)
		279,706	83,349	(73,957)	(33,475)	255,623
Unrestricted Funds (Total)		354,966	111,452	(90,206)	(533)	375,679
TOTAL FUNDS		380,852	137,006	(119,118)	(771)	397,969

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The carryi	ng amounts oft	he PC	C's financial ins	truments are	as follows:
							2023	2022
Financial	assets
Measured	at fair value through		net income/expenditure:
Fixed asset investments		(note	9)				33,310	11,003
							33,310	11,003
The change in fair value ofthe			PCC's fixed asset investments		is fully attributable	to	changes in market	conditions.
							2023	2022
Measured	at amortised cost:
Trade debtors (note 10)							2,808	1,041
Other debtors (note 10)							3,039	1,839
Cash at	bank and in hand (note 11)						190,399	201,798
							196,246	204,678
							2023	2022
Financial	Liabilities
Measured	at amortised cost:
Accruals	(note 12)						4,284	1,759
Other creditors (note 12)							63	1,569
							4,347	3,328
The income, expenses, net gains and net losses attributable					to the PCC's financial		instruments are	summarised as
follows:
							2023	2022
Income and expense
Financial	assets measured	at fair value through		net income/expenditure			683	186
Financial	assets measured	at amortised cost					6,599	1,430
Net gains	and losses (including		changes infair	value)
Financial	assets measured	at fair value through		net income/expenditure			2,307	(771)