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← The Parochial Church Council Of The Ecclesiastical Parish Of Melton Mowbray

2024-12-31-accounts

REGISTERED CHARITY NUMBER: 1132480

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF MELTON MOWBRAY

TC Group 31 High View Close Hamilton Office Park Leicester

LE4 9LJ

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF MELTON MOWBRAY

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Cash Flow Statement 9
Notes to the Financial Statements 10 to 20

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF MELTON MOWBRAY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

OBJECTIVES AND ACTIVITIES

Aims and purposes

The Ecclesiastical Parish of Melton Mowbray’s Parochial Church Council (PCC) is responsible for co-operating with the Team Rector of the Parish, the Reverend Dr Mary Barr, in promoting the whole mission locally of the Church of England in pastoral, evangelistic, social and ecumenical matters. The PCC is responsible for the maintenance of five churches in the parish (St Mary, Freeby is maintained by the Churches Conservation Trust) and associated buildings, in particular The Centre (formerly known as Mary’s Place) and Thorpe Arnold Village Hall. It is also responsible for the maintenance of 3 Church Terrace, Melton Mowbray which is managed by Belvoir Lettings for St Mary's Church, Melton Mowbray.

Mission Statement

As a parish we are committed to:

Activities

The PCC has the responsibility of co-operating with the incumbents in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical.

ACHIEVEMENT AND PERFORMANCE

The PCC met several times during the year, including the Annual Meeting. It considered a number of faculties.

St Mary, Melton Mowbray.

2024 has been another busy year in the life of St. Mary’s Church, and the Team Parish of Melton Mowbray. The normal maintenance and servicing items of the fabric and fittings has all happened and this year saw a major restoration of the Cast Iron Gutters and down pipes which were cleared and repainted along with the clearing of the lead gutters, outlets, and down pipes. Unfortunately, this has not solved the leaks on the south side of the chancel, and our Architect has picked this up in the Quinquennial survey done in October. It has been a year of many highlights with a few low times. We started off the year with the new family initiative: the ‘Lifepath Service’ which has slowly taken off and we have seen Baptism families attending, it has also been supported by our general congregation. The Pie Association again took over the church for five days for a successful awards event, which gave us national publicity and brought in visitors from all over the country. Mothering Sunday was Lay Led for the first time and was well received by a good congregation. We hosted a ‘Thank You’ evening for the High Sheriff and saw the introduction of new Hymn Books which were very generously donated. The Scouts had their usual St. Georges Day Parade and Service, and it was good to see the church full of youngsters. This was rapidly followed by Police Commissioner Election Count by the Borough Council, the 40’s weekend, Cheese awards and a weeklong Production of ‘Phantom of the Opera’. We have hosted various Deanery meetings and Minster Community evenings as well as three large memorial Services when extra hairs were brought in. This year, with the Chairman of the County Council being local, we hosted the County Council Civic Service.

On Remembrance Sunday we had a reduced congregation from usual, and we finished off the year with our usual Christmas Tree Festival, and the final highlight was the delivery just before Christmas of the Choir Stalls, paid for by an anonymous donation along with a book trolly funded from a bequest and a credence table donated to mark Mary and Arnold Brownes’ 70th wedding anniversary. Thank you to all those who donated in any way. Low times were thankfully few. We received the Tenders for the proposed New Build outside the North Door, unfortunately they proved too expensive to proceed with this work, although the preparation work will not be wasted as we have preserved the planning approval and this hopefully will help with developments in the future. Saturday at St. Mary’s morphed into Saturday Special, but this has failed for a number of reasons - ill health of some helpers, the onerous requirements for Safeguarding and other requirements, the shortage of ordained staff and the unwillingness of other ministers to help. We also hit a low with the ill health of Alison our parish administrator, and her time off for treatment; thankfully she is back with us, and we were thankful to Samual Kirk, who we employed to cover Alison’s absence. Our final Low was a break in, when intruders broke in through the martyrs’ window and damaged three donation boxes. Very little money was taken, and we are grateful that the boxes have been repaired free of charge by Brooks and Sims. We await Derek Hunt’s work schedule for the window repair.

Services over the year were well attended, and our numbers have increased in some areas. The Minster Communities scheme hangs heavy over our heads, and it is difficult to plan ahead not knowing what will happen in the future with regards to stipendiary posts, especially Ordained, and who we will be grouped with. The wardens have concerns with regards to the £30k excess of expenditure over income. This is due to a combination of factors; our bookings, although picking up,

Page 1

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF MELTON MOWBRAY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

ACHIEVEMENT AND PERFORMANCE (continued)

have not yet reached pre-covid levels, the increase in gas and electricity costs and the excessive amount paid to the Diocese of Leicester (this will be reduced in 2025 so as to help balance the books). Again, the Christmas Tree Festival was the largest fundraising event, which also helps us communicate with the town and build on the many links that we have with the Melton Borough Council, The Melton Mowbray Town Estate, the BID Company, Melton in Bloom, local charities, especially MADMAC and Storehouse, the voluntary Organisations and the many aspects of life in Melton Mowbray. We have been able to open St. Mary’s for 16 hours each week, plus services and this has been facilitated by a team of volunteers who welcome visitors into our building, and those who wish to come and sit quietly; we very much appreciate the time that our volunteers give to this important ministry, and all the other voluntary work that is done in the name of St. Mary’s Church.

The Centre (Mary’s Place)

As with last year, 2024 has been another challenging year for The Centre from the financial point of view. Costs have risen in all areas and thus budgeting can be particularly difficult. The Leicester County Court claim against the previous lease holder of our ‘café area’, kitchen and two offices in the administration corridor was thankfully settled in January 2025, in our favour. The previous ‘café area’ is now thankfully occupied as office space by a charity that works with people who are in the process of finding employment etc. Room One continues to be used three days a week by Barclays Bank as a banking advice hub. The rest of the building is used at various times by clubs, societies, small businesses and by activity sessions such as yoga, kick boxing, pilates and fitness boxing. Osprey Estate Agents continue to occupy our self-contained office. Rooms are also used by companies as an ‘out of the office’ meeting place. The positive thing is that the building is used by a wide variety of groups and repeat bookings come from people who have used the building for the first time and like its central position and its ambience. The Centre is in need of some decoration, inside and out, and we have some concerns about the condition of the roof following a leak in Room 2 during heavy rain. For the moment our financial uncertainty prevents action with reference to redecoration. Thanks must go to all who work at The Centre for their commitment, as well as to those who give their time and interest voluntarily for the benefit of The Centre.

St James’, Burton Lazars

2024 was another full year at St James Church Burton Lazars. We have managed to put on a full programme of services even though the Clergy available to lead services has been severely cut back. Revd. Dr Mary Barr has been appointed Team Rector which means that services for the whole Team fall on her shoulders making reliance on Lay preachers and Communion by extension essential. We have had only a few weddings, funerals and baptisms in 2024. Sadly, sickness and death had quite a big effect on the congregation size and giving. The Stay and Play group was busy in 2024 although the children going to it were overall younger, with many babies, than in previous years and therefore too young to take part in the Christmas services. The fortnightly Coffee Morning continued to attract a number of people, many of whom lived alone. We have had a few fund-raising events, the biggest one being the annual raffle.

We continued to support the local food bank, Storehouse. We collected a lot of shoeboxes again for ‘Teams For You’ from the Village and congregation and we continued to support a Church Planting in Albania, which goes from strength to strength.

St Mary the Virgin, Thorpe Arnold

2024 was another busy year at St Mary the Virgin church. The service pattern: morning worship on the first and third Sunday, Holy Communion on the second and a united service of holy communion at St Mary’s on the fourth Sunday, has now been running for a full year. During 2024 there were six funerals held in church and two baptisms. The average attendance has remained at twenty people. Special services included the team service for Ascension Day, Songs of Praise, an outdoor Christingle, hosting the Leicestershire Young Farmers’ Carol service and a packed church for Nine Lessons and Carols.

We continue to grow in faith and work with our local community. The church hall is an asset to the church and the village; hosting regular coffee mornings and social events, a wide range of regular bookings from art groups to yoga and family gatherings.

St Bartholomew’s, Welby

From May of this year our service pattern was reduced to one service per month, taking place on the first Sunday of each month with Evening Prayer and quarterly Holy Communion. We rely heavily on Lay Ministers to conduct these services and extend our thanks to them. Congregation numbers remained stable and averaged 12 -15 at most services. The timings were right for us to hold services for Easter and Harvest Festival. We combined these with opening the church for Coffee mornings on both weekends to raise much needed funds. A summer open event was also held. The events were well supported with very generous donations for Storehouse, our local foodbank, being collected on the Harvest weekend. Local interest and support for St Bartholomew's remains strong we are pleased to report. We find ourselves currently without Church Wardens after our two longstanding Wardens stood down for health reasons. We continued with a Treasurer in place and volunteer Stewards to arrange services.

St Leonard's, Sysonby

During 2024 there were the usual services: Easter Holy Communion, Summer Songs of Praise, Harvest Festival, Service of Loving Remembrance and Christmas Eve Carol Service. Although attendance at the Easter service was disappointing, the remainder of our services were well attended. At the Harvest Festival, instead of a financial collection, non-perishable foods and gifts were donated by the congregation and later given to the Storehouse charity. Additionally, in July 2024,

Page 2

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF MELTON MOWBRAY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

ACHIEVEMENT AND PERFORMANCE (continued)

a Marriage ceremony was held at Sysonby.

St Mary, Freeby

The Churches Conservation Trust maintains that services cannot safely be held within the church building, due to the hazards caused by the very significant bat population and ensuing mess. Therefore, it is no longer possible to hold regular services in the hamlet of Freeby. However, October saw the congregation from St Mary Freeby and Gathering & Travelling fxC joining together to celebrate Harvest in the URC chapel in Freeby. The service was led by our Licensed Pioneer Minister. Tea was eaten together in the village hall after the service, and the collection and food donations were given to the local food bank Storehouse. St Mary's Churchyard is cared for locally and is still open for burials.

Gathering & Travelling Fresh Expression Church

The Fresh Expression Church (G&T fxC) led by a Licensed Pioneer Minister has met once a month on a Saturday afternoon, the colder wetter months in Thorpe Arnold church hall and then outside in the better months This year we have looked at bugs and insects, grown seeds, helped with the Bishop’s children and youth council, put in our Eco church application and been awarded Silver. We have counted butterflies for the big count, twinned our garden with one in Migori Kenya, joined Freeby church for Harvest and Thorpe Arnold church for an outdoor Christingle, sang Carols and litter picked. We donated to The Children’s Society, Shelter and the local food bank Storehouse.

FINANCIAL REVIEW

Financial review

The ongoing principal source of funding for the parish is through the planned giving scheme and ensuring that gift aid is claimed on donations wherever possible. The giving is reviewed regularly with supporters encouraged to review their level of giving. The Parish Giving Scheme has been operated by Thorpe Arnold Church since 2016.

Investment policy and objectives

Within the parish, the main financial investments are held by St Mary's, Melton Mowbray. It has a policy of investing most of its assets in Central Board of Finance of the Church of England Funds managed by CCLA Investment Management Limited. This has an investment policy of ethical investment, social policy, environmental issues and risk taking which therefore operates for St Mary's and the parish.

Reserves policy

The reserves policy is to hold balances on the account to meet needs between years and to deal with any unplanned demands.

The PCC General Fund relies on receiving regular contributions from the parish churches to meet its expenditure. The churches each have their own general funds which are to be used for that location.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, an approved governing document issued by the Church of England adopted 23 July 2008.

Members and committees

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.

Standing Committee:

This meets to prepare the agenda for the PCC and has power to transact the business of the PCC in emergencies between its meetings, subject to any directions given by the PCC Membership consists of the Team Rector (who Chairs the PCC together with the senior Church Warden), all Churchwardens, Treasurer and Secretary.

Treasurers Meeting:

This consists of the PCC Chairs including the Team Rector, and Treasurer, plus the treasurers from each Church.

Melton Mowbray Team Parish is constituted as follows:

St Mary's, Melton Mowbray St Mary the Virgin, Thorpe Arnold St James', Burton Lazars St Mary's, Freeby - the Church is under the control of the Historic Churches Trust. St Leonard's, Sysonby St Bartholomew's, Welby

Each church (except Freeby and Welby) has an elected District Church Council and elected district churchwardens. The churchwardens of St Mary’s Parish Church, Melton Mowbray are officially the parish churchwardens.

Page 3

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF MELTON MOWBRAY

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)

Responsibilities of the PCC Members

The PCC Members (who are also trustees of The Parochial Church Council of the Ecclesiastical Parish of Melton Mowbray for the purposes of charity law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of its governing document. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the Parochial Church Council on 29[th] October 2025 and signed on its behalf by:

............................................. Revd Dr Mary Barr Team Rector

Melton Mowbray Team Parish

Page 4

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF MELTON MOWBRAY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number 1132480 Principal address The Parish Office, 8 Burton Road, Melton Mowbray, Leicestershire, LE13 1AE Members of the PCC Clergy Team Rector Revd. Dr Mary Barr Reader Linda Pearson Churchwardens Marion Gumbrill and Ian Neale Members Dina Neale, Karen Balding, Jacqui Wilson, Keith Wilson, James Gutteridge, Roger Kirby, Helen May, Jenny Pengelly, Janet King, David Westwater, Julia J Hinde, Connor Parker, Carol Parker, Catherine Shenton, Helen Dickinson, Colin Moulds, Jennifer Miller. Appointed Officers PCC Vice Chair Ian Neale PCC Secretary Christopher Joseph PCC Treasurer Michael Osborne

Administration

Each church (except Freeby) has an elected District Church Council including elected district churchwardens, who have a delegated responsibility for the day-to-day management of their church, subject to the overall control of the PCC. The churchwardens of St Mary’s Parish Church, Melton Mowbray are the parish churchwardens.

Independent examiner

TC Group, 31 High View Close, Hamilton Office Park, Leicester, Leicestershire, LE4 9LJ

Solicitors

Latham & Co., Charnwood House, 2 Forest Road, Loughborough LE11 3NP

Bankers

HSBC, 17 High Street, Melton Mowbray, LE13 0TY

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF MELTON MOWBRAY

I report to the charity trustees on my examination of the accounts of The Parochial Church Council of Melton Mowbray (the Church) for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘The Act’).

I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 and in carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the Church’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

J. Dennis ACA For and on behalf of

TC Group 31 High View Close Hamilton Office Park Leicester LE4 9LJ

Dated: / / 2025

The notes form part of these financial statements

Page 6

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF MELTON MOWBRAY

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Voluntary income, donations and legacies
2
143,418
Activities for generating funds
3
91,522
Income from charitable activities
4
29,689
Investment income
5
26,174
Total
290,803
EXPENDITURE ON
Raising funds
6
8,533
Charitable activities
Church activities
7
328,387
Total
336,920
NET INCOME/(EXPENDITURE) BEFORE
INVESTMENT GAINS
(46,117)
Net gains/(losses) on investments
6,797
NET INCOME/(EXPENDITURE)
(39,320)
Transfers between funds
1,353
Net movement in funds
(37,967)
RECONCILIATION OF FUNDS
Total funds brought forward
725,204
Adjustment
50
TOTAL FUNDS CARRIED FORWARD
687,287		 2024
2023
Restricted
funds
Total funds
Total funds
£
£
£
56,219
199,637
156,799
14,104
105,626
106,899
-
29,689
18,408
510
26,684
25,542
70,833
361,636
307,648
2,676
11,209
15,399
71,356
399,743
335,169
74,032
410,952
350,568
(3,199)
(49,316)
(42,920)
-
6,797
20,068
(3,199)
(42,519)
(22,852)
(1,353)
-
-
(4,552)
(42,519)
(22,852)
1,192,940
1,918,144
1,939,894
18
68
1,102
1,188,406
1,875,693
1,918,144

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

Page 7

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF MELTON MOWBRAY

BALANCE SHEET AT 31 DECEMBER 2024

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
14
-
Investments
15
587,875
587,875
CURRENT ASSETS
Stocks
16
-
Debtors
17
47,960
Cash at bank
95,623
143,583
CREDITORS
Amounts falling due within one year
18
(44,171)
NET CURRENT ASSETS
99,412
TOTAL ASSETS LESS CURRENT LIABILITIES
687,287
NET ASSETS
687,287
FUNDS
19
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2024
2023
Restricted
funds
Total funds
Total funds
£
£
£
1,069,428
1,069,428
1,077,689
-
587,875
581,079
1,069,428
1,657,303
1,658,768
-
-
-
1,900
49,007
43,912
118,463
214,086
266,415
120,363
263,093
310,327
(1,385)
(44,703)
(50,951)
118,978
218,390
259,376
1,188,406
1,875,693
1,918,144
1,188,406
1,875,693
1,918,144
687,287
725,204
1,188,406
1,192,940
1,875,693
1,918,144

The financial statements were approved by the Parochial Church Council on 29[th] October 2025 and were signed on its behalf by:

............................................. Trustee

Page 8

THE PAROCHIAL CHURCH COUNCIL OF THE

ECCLESIASTICAL PARISH OF MELTON MOWBRAY

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024

2024 2023
Notes £ £
Cash flows from operating activities:
Cash generated from operations i (74,502) (58,210)
Net cash provided by (used in) operating
activities (74,502) (58,210)
Cash flows from investing activities:
Sale of fixed asset investments - -
Purchase of tangible fixed assets - -
Interest received 510 469
Dividends received 6,797 20,068
Net cash provided by (used in) investing
activities 7,307 20,537
Net cash inflow/(outflow) 7,307
 20,537
Change in cash and cash equivalents in the
reporting period 7,307 20,537
Cash and cash equivalents at the beginning of
the reporting period 460,765 440,228
Cash and cash equivalents at the end of the
reporting period 461,502 460,765
i.
RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
2024 2023
£ £
Net income/(expenditure) for the reporting period (as per the
statement of financial activities) (42,519) (22,852)
Adjustments for:
Depreciation charges 8,262 8,521
Interest received (510) (469)
Dividends received (21,593) (21,216)
Unrealised (gains)/losses on investments (6,797) (20,068)
(Increase)/decrease in stocks - -
(Increase)/decrease in debtors (5,097) (11,338)
(Decrease)/increase in creditors (6,248) 9,212
Net cash provided by (used in) operating activities _(74,502) (58,210)

Page 9

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF MELTON MOWBRAY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the Parochial Church Council of the ecclesiastical parish of Melton Mowbray (PCC) have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCC’s, and with the Regulations “true and fair view” provisions. The financial statements have been prepared in accordance with the Financial Reporting Standard Applicable in the UK and the Republic of Ireland (FRS 102 version 2016) as the applicable accounting standards and 2016 version of Accounting and Reporting by Charities: Statement of Recommended Practice (SORP(FRS102)).

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value..

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.

Tangible fixed assets

(i) Consecrated property and moveable church furnishings Consecrated and beneficed property is not included in the accounts in accordance with Section 96(2)(a) of the Charities Act 1993. Moveable church furnishings held before 2008 has no value placed on it in these accounts. Furniture acquired since that date has been capitalised and depreciated in the accounts over five years.

(ii) Other fixtures, fittings and office equipment

Equipment acquired will be depreciated over the estimated useful life of the asset on a straight line basis. Individual items with a purchase price of £1000 or less are written off when the asset is acquired.

(iii) Investments

Investments are valued at market value on 31 December.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds represent the funds of the Parochial Church Council (PCC) that are not subject to any restrictions regarding their use. Designated funds are also general funds but are subject to the directions of the District Church Councils. Restricted funds are subject to particular constraints regarding their use.

Fund accounting

Restricted funds are income funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the church for particular purposes. Details of the funds held and restrictions provided are shown in note 19 to the accounts.

Current assets

Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less a provision for amounts that are considered to be uncollectable.

Short term deposits include cash held on deposit either with the CBF Church of England Funds or at a bank.

Page 10

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF MELTON MOWBRAY

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024

2. VOLUNTARY INCOME, DONATIONS AND LEGACIES

143,418
Unrestricted
funds
£
Gift aid donations
73,636
Gift aid tax recoverable
18,203
Legacies
250
Grants
-
Non gift aid collections
18,832
Non gift aid donations
20,163
Sundry income
12,334
3.
ACTIVITIES FOR GENERATING FUNDS
91,522
Unrestricted
funds
£
Fundraising events
37,288
Catering
666
Lettings
52,153
Sales
1,415
4.
INCOME FROM CHARITABLE ACTIVITIES
29,689
Unrestricted
funds
£
Fees
29,689
5.
INVESTMENT INCOME
26,174
Unrestricted
funds
£
Rents received
4,581
Dividends
21,593
Deposit account interest
-		 56,219
Restricted
funds
£
-
-
500
-
17,717
2,065
35,937
14,104
Restricted
funds
£
6,483
-
7621
-
-
Restricted
funds
£
-
510
Restricted
funds
£
-
-
510		 199,637
2024
£
73,636
18,203
750
-
36,549
22,228
12,334
105,626
2024
£
43,771
666
59,774
1,415
29,689
2024
£
29,689
26,684
2024
£
4,581
21,593
510		 156,799
2023
£
81,458
21,653
10,000
-
22,891
15,527
5,270
106,899
2023
£
44,802
830
63,427
1,840
18,408
2023
£
18,408
25,542
2023
£
3,857
21,216
469

Page 11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF MELTON MOWBRAY

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024

6. EXPENDITURE ON RAISING FUNDS

8,533
2,676
11,209
Unrestricted
funds
Restricted
funds
2024
£
£
£
Staff costs
-
-
-
Cost of sales
429
-
429
Fundraising events
6,285
2,676
8,961
Samworth Centre
1,819
-
1,819
Property management fees
-
-
-
7.
CHARITABLE ACTIVITIES COSTS
Church activities
365,831
15,230
18,682
Direct costs
(see note 10)
Grant funding
of activities
(see note 8)
Support costs
(see note 9)
£
£
£		 2023
£
-
198
7,892
7,309
-
15,399
399,743
Totals
£

8. GRANTS PAYABLE

The total grants paid to institutions during the year was as follows:

4,339
Unrestricted
funds
£
Grants relief agencies
4,339
SUPPORT COSTS
18,603
Unrestricted
funds
£
Independent examiners remuneration
4,794
Postage and stationery
11,388
Accountancy and legal fees
1,880
Bank charges
541
Advertising
-		 10,891
Restricted
funds
£
10,891
79
Restricted
funds
£
-
-
-
79
-		 15,230
2024
£
15,230
18,682
2024
£
4,794
11,388
1,880
620
-		 2023
£
9,940
9,940
2023
£
4,434
4,686
2,580
710
-
12,410

9. SUPPORT COSTS

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF MELTON MOWBRAY

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED

FOR THE YEAR ENDED 31 DECEMBER 2024

10. DIRECT COSTS

305,445
Unrestricted
funds
£
Wages
38,461
Diocesan contribution
108,151
Clergy expenses
19,094
Utility costs and insurance
67,618
Repairs & Maintenance
37,797
Major repairs
-
Furniture
-
Depreciation
-
Other direct costs
34,324		 60,386
Restricted
funds
£
1,164
-
-
2,946
-
1,398
-
8,298
46,580		 365,831
2024
£
39,625
108,151
19,094
70,564
37,797
1,398
-
8,298
80,904		 2023
£
34,254
106,100
11,239
87,021
32,101
3,720
-
8,521
29,864
312,819

11. TRUSTEES' REMUNERATION AND BENEFITS

The trustees who make up the Parochial Church Council are considered to be the Key Management Personnel. There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023 for their work as trustees.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

12. STAFF COSTS

Wages and salaries
The average monthly number of employees during the year was:		 2024
£
39,625
2024
8		 2023
£
34,254
2023
8

No employees received emoluments in excess of £60,000.

Page 13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF MELTON MOWBRAY

NOTES TO THE FINANCIAL STATEMENTS – CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024

13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Voluntary income, donations and legacies
147,723
Activities for generating funds
91,823
Income from charitable activities
18,408
Investment income
25,073
Total
283,027
EXPENDITURE ON
Raising funds
12,494
Charitable activities
Church activities
305,400
Total
317,894
Net gains/(losses) on investments
20,068
NET INCOME/(EXPENDITURE)
(14,799)
Transfers between funds
816
Net movement in funds
(13,983)
RECONCILIATION OF FUNDS
Total funds brought forward
738,649
Previous year adjustment
538
TOTAL FUNDS CARRIED FORWARD
725,204		 Restricted
funds
Total funds
£
£
9,076
156,799
15,076
106,899
-
18,408
469
25,542
24,621
307,648
2,905
15,399
29,769
335,169
32,674
350,568
-
20,068
(8,053)
(22,852)
(816)
-
(8,869)
(22,852)
1,201,245
1,939,894
564
1,102
1,192,940
1,918,144

Page 14

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF MELTON MOWBRAY

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024

14.
TANGIBLE FIXED ASSETS
3 Church
Terrace
£
COST
At 1 January 2024
165,000
Revaluations
-
Additions
-
Disposals
-
At 31 December 2024
165,000
DEPRECIATION
At 1 January 2024
-
Charge for year
-
Charge on disposals
At 31 December 2024
-
NET BOOK VALUE
At 31 December 2024
165,000
At 31 December 2023
165,000
15.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 January 2024
Disposals
Revaluations
At 31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023
16.
STOCKS
Stocks
17.
DEBTORS
Amounts falling due within one year:
Taxes recoverable
Other debtors
Prepayments and accrued income		 Samworth
Centre
Thorpe Arnold
Hall
Furniture and
equipment
£
£
£
863,082
165,224
14,159
-
-
-
-
-
-
-
-
-
863,082
165,224
14,159
-
115,617
14,159
-
8,261
-
-
123,878
14,159
863,082
41,346
-
863,082
49,607
-
2024
£
-
49,007
2024
£
10,228
-
38,779		 Totals
£
1,207,465
-
-
-
1,207,465
129,776
8,261
138,037
1,069,428
1,077,689
CBF
investment
funds
£
581,079
-
6,797
587,875
587,875
581,079
2023
£
-
43,912
2023
£
6,869
10,331
26,712

Page 15

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF MELTON MOWBRAY

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024

18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accruals
Other creditors		 44,703
2024
£
28,304
16,399		 50,951
2023
£
33,040
17,911

19. MOVEMENT IN FUNDS

At 1.1.24
Net movement
in funds
Transfers
between funds
£
£
£
Unrestricted funds
Burton Lazars: St James
18,181
3,183
-
Freeby: St Mary's
3,762
(533)
-
Melton Mowbray: St Mary's
664,089
(30,741)
-
Sysonby: St Leonard's
15,896
(1,064)
-
Thorpe Arnold: St Mary The Virgin
16,632
735
953
Welby: St Bartholemew's
7,430
(659)
400
Centre general
(786)
(10,191)
-
725,204
(39,270)
1,353
Restricted funds
Melton Mowbray: St Mary's
214,918
2,438
-
Thorpe Arnold: St Mary The Virgin - Village
hall
69,370
(7,489)
(953)
Thorpe Arnold: St Mary The Virgin - Bread
Fund
1,049
5
-
Thorpe Arnold: St Mary The Virgin - Building/
organ fund
7,084
311
-
Welby: St Bartholemew's - fabric fund
6,400
3
97
Education and youth fund
6,977
-
-
Centre restricted
867,254
-
-
Burton Lazars building cost reserve
19,292
887
-
Welby: St Bartholemew's – 50-50 Club
633
627
(497)
1,192,977
(3,218)
(1,353)
TOTAL FUNDS
1,918,181
(42,488)
-		 At 31.12.24
£
21,364
3,229
633,318
14,832
18,320
7,171
(10,977)
687,287
217,356
60,928
1,054
7,395
6,500
6,977
867,254
20,179
763
1,188,406
1,875,693

Page 16

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF MELTON MOWBRAY

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024

20. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Fees
Burton Lazars: St James
Freeby: St Mary's
Melton Mowbray: St Mary's
Sysonby: St Leonard's
Thorpe Arnold: St Mary The Virgin
Welby: St Bartholemew's
Centre general
Restricted funds
Melton Mowbray: St Mary's
Thorpe Arnold: St Mary The Virgin - Village
hall
Thorpe Arnold: St Mary The Virgin – Bread
fund
Thorpe Arnold: St Mary The Virgin - Building/
organ fund
Welby: St Bartholemew's - fabric fund
Education and youth fund
Centre restricted
Burton Lazars building cost reserve
Welby: St Bartholemew's – 50-50 Club
TOTAL FUNDS		 Incoming
resources
£
13,546
16,625
32,649
-
146,848
1,269
24,041
8,712
47,113
290,803
58,393
9,938
-
338
-
-
-
1,149
1,015
70,833
361,636		 Resources
expended
£
(13,546)
(16,625)
(29,466)
(533)
(184,386)
(2,333)
(23,306)
(9,371)
(57,354)
(336,920)
(55,955)
(17,430)
-
-
-
-
-
(262)
(385)
(74,032)
(410,952)		 Gains and
losses
Movement in
funds
£
£
-
-
3,183
-
(533)
-
(37,538)
-
(1,064)
-
735
-
(659)
-
(10,241)
-
(46,117)
-
2,438
-
(7,492)
-
-
-
338
-
-
-
-
-
-
-
887
-
630
-
(3,199)
-
(49.316)

Page 17

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF MELTON MOWBRAY

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024

21. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Comparatives for movement in funds
Net movement Transfers
At 1.1.23 in funds between funds At 31.12.23
£ £ £ £
Unrestricted Funds
Burton Lazars: St James 17,884 297 - 18,181
Freeby: St Mary's 3,803 (39)
-		 3,762
Melton Mowbray: St Mary's 686,948 (22,859)
-		 664,089
Sysonby: St Leonard's 12,006 3,890 - 15,896
Thorpe Arnold: St Mary The Virgin 14,476 1,340 816 16,632
Welby: St Bartholemew's 6,367 2,136 - 8,503
Samworth Centre general (2,843)
974		 - (786)
738,649 (14,261)

816		 725,204
Restricted Funds
Melton Mowbray: St Mary's 215,324 (406)
-		 214,918
Thorpe Arnold: St Mary The Virgin - Village
hall 79,287 (9,101)
(816)		 69,370
Thorpe Arnold: St Mary The Virgin – Bread
fund 1,049 - - 1,049
Thorpe Arnold: St Mary The Virgin - Building/
organ fund 6,367 717 - 7,084
Welby: St Bartholemew's - fabric fund 7,227 (1,480)
653		 6,400
Education and youth fund 6,977 - - 6,977
Samworth Centre restricted 867,254 - - 867,254
Burton Lazars building cost reserve 17,107 2,185 - 19,292
Welby: St Bartholemew's - project fund 653 633 (653) 653
1,201,245 (7,452
(816)		 1,192,940
TOTAL FUNDS 1,939,894 (21,713)

-		 1,918,144

Page 18

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF MELTON MOWBRAY

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024

22. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Fees
Burton Lazars: St James
Freeby: St Mary's
Melton Mowbray: St Mary's
Sysonby: St Leonard's
Thorpe Arnold: St Mary The Virgin
Welby: St Bartholemew's
Samworth Centre general
Restricted funds
Melton Mowbray: St Mary's
Thorpe Arnold: St Mary The Virgin - Village
hall
Thorpe Arnold: St Mary The Virgin – Bread
fund
Thorpe Arnold: St Mary The Virgin - Building/
organ fund
Welby: St Bartholemew's - fabric fund
Education and youth fund
Samworth Centre restricted
Burton Lazars building cost reserve
Welby: St Bartholemew's - project fund
TOTAL FUNDS		 Incoming
resources
£
10,589
8,120
30,061
518
144,720
6,682
23,916
6,418
52,005
283,029
10,212
10,465
-
717
101
-
-
2,185
941
24,621
307,650		 Resources
expended
£
(10,589)
(8,120)
(29,764)
(577)
(187,666)
(2,792)
(22,576)
(4,799)
(51,031)
(317,894)
(10,618)
(20,027)
-
-
(2,145)
-
-
-
(308)
(33,098)
(350,992)		 Gains and
losses
Movement in
funds
£
£
-
-
-
-
297
-
(39)
20,087
(22,859)
-
3,890
-
1,340
-
1,619
-
974

20,087
(14,778)
-
(406)
-
-
(9,562)
-
-
717
-
(2,044)
-
-
-
-
-
2,185
-
633

-
(8,477)

20,087
(23,255)

23. RELATED PARTY DISCLOSURES

The Parochial Church Council is a related party of St Mary’s Church Melton Mowbray Development CIO by virtue of common trustee control. St Mary’s Church Melton Mowbray Development CIO exists to advance the Christian faith by the preservation, repair, maintenance, restoration and improvement of the fabric of St Mary’s Church Melton Mowbray as a place of Christian worship.

Page 19

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF MELTON MOWBRAY

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024

24. FUNDS

Parish Funds:

The Samworth Development Fund is to be spent on the development and upkeep of the Samworth Centre. The Education and youth fund is to be spent on education within the parish.

Burton Lazars Funds:

The Burton funds are for the refurbishment of the church building and the Squire’s Monument.

Melton Mowbray Funds:

Some investments are held in the name of Leicester Diocesan Board of Finance as custodian trustee, entitled Church Chimes, Free-Will Offering, Sunday School and Church Institute, Assistant Clergy, Choir, Organists and Curates Funds. All income from these funds goes to the General Fund whose aims include those of these funds. It is intended to transfer the title.

The Music Fund has income to be spent on music within the church

The Organ Fund has income to be spent on the upkeep of the church organ.

The St Mary's Church Trust has income to be spent on the upkeep of the church

Thorpe Arnold Funds:

The Village Hall Fund is to be spent on running, upkeep, maintenance and obligations of the Village Hall The Bread Fund is to be spent in supporting work with children

The Building / Organ Fund is to be spent on maintaining the fabric of the building and organ.

Welby Funds:

The fabric fund is for use on the upkeep of the fabric of the church.

Unrestricted Funds:

Unrestricted funds of each church relate to individual church general funds, available only for use relating to that church. The PCC and individual churches also designate other funds under their control to be used for purposes which are evident from their titles. These funds are occasionally reviewed to ensure that they are still required for their purpose. Where these funds are in deficit, this relates to unpaid diocesan share, a debt which the diocese accepts will be paid when funds allow.

Page 20