||||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| ## ## ## ## ## ## ## ## ## ## ## ||||||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| ## ## ## |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| ||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| ## ## ## ## ## ## ## |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)| ##