2023-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Emmanuel Loughborough

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CONTENTS
	Page
Legal and administrative information
Parochial Church Council's report	2-5
Independent Fxaminer's report
Statement of Financial Activities
Balance Sheet
Notes tothe financial statements	9-19

	LEGAL AND	ADMINISTRATIVE INFORMATION	ADMINISTRATIVE INFORMATION
Charity number		1132853(registered in England	&Wales)
Address		Emmanuel Church Centre
		Forest Road
		Loughborough
		I eicestershire, LE113NW
PCC Membership
	Rev MJ. Broadley	Incumbent and Chairman
	Rev AWalton	Associate Rector (since 22 March 2022)
	Rev K Marjoribanks	Curate (since 3July 2022)
	D. Ninan	Church Warden
	M.g. Riddleston	Church Warden (since 25 April 2023) +Elected Member
		(9April 2019-25 April 2023)
	CJ.Sheldon	Elected Member (since 9 April 2019)and Treasurer
	J.M. Burnard	Representative on Deanery Synod
	A Guilder	Elected Member (since 29 March	2022)
	NJ.Revell	Representative on Deanery Synod
	S.E.Reynolds	Elected Member (9April 2019)
	S.Ryce	Elected Member (27April 2021)
	Dr C.T.Spencer	Reader, Lay Chair of Deanery Synod, Lay Canon of
		Leicester Cathedral and PCC Safeguarding		Lead
	K. Fletcher	PCC Secretary —(since 25 September 2023)
	L.Collins	Church Warden —Resigned at end ofterm		ofoffice 25
		April 2023
	A. Howlett	Elected Member (since 13October 2020) and Reader
		(since 23January 2021) —Resigned 25 April 2023
	LJ.Howlett	Elected Member (since 27 April 2021) - Resigned 25 April
		2023
	J Killey	Elected Member (since 29 March	2022) Resigned 22
		December 2023
	S.Crew	PCC Secretary —Resigned 3July 2023
Independent		R Buckby FCA
examiner		TC Group
		Hamilton Office Park
		31 High View Close
		Leicester, LE49LJ
Banks		CAF Bank Ltd
		25 Kings Hill Avenue
		Kings Hill, West Mailing
		Kent, ME194JQ
		Lloyds Bank Pic
		37/38 High St
		Loughborough
		LE112QG
		Page 1

				Unrestricted Funds		Restricted	2023	2022
			General	Designated	Total	funds	Total	Total
			E	E	E	E	E	E
Income from:		Notes
Donations and	legacies	2	246,860	119	246,979	13,940	260,919	234,315
Charitable Activities		3	60,061	2,517	62,578	38,850	101,428	103,885
Other actwities		4	34,642		34,642		34,642	31,009
Investments		5	12406		12,406		12,406	4,386
Total						52,790	409,395	373,595
Expenditure on:
Raising funds		6	39,449		39,449		39,449	37,049
Charitable activities		7	312,772	24,062	336,834	53,447	390,281	387,684
Total			352,221	24,062	376,283	53,447	429,730	424,733
Net income/ (expenditure)			1,748	(21,426)	(19,678)	(657)	(20,335)	(51,138)
Net movement	in funds		1,748	(21,426)	(19,678)	(657)	(20,335)	(51,138)
Reconciliation	offunds:
Total funds brought forward			278,228	303,856	582,084	23,513	605,597	656,735
Total funds carried forward		14S15	279,976	282,430	562,406	22,856	585,262	605,597

				2023		2022
		Notes		6		6
Fixed assets
Tangible assets				275,000		278,146
Current assets
Debtors		10	23,710		11,422
Cash at bank and in hand		11	324,754		340,552
			348,463		351,974
Creditors falling due within
one year		12	(38,202)		(24,523)
Net current assets				310,261		327,451
Net assets				585,261		605,597
Funds ofthe charity
Restricted funds		14		22,856		23,513
General fund		15	139,976		138,228
Designated funds		15	282,430		303,856
Revaluation reserve		16	140,000		140,000
Total unrestricted	funds			562,406		582,084
Total funds				585,262		605,597

Income from donations	and legacies
		Unrestricted	Funds		Restricted	2023	2022
	General	Designated		Total	funds	Total	Total
	E		E	E		E	E
Regular donations	162,319		60	162,379	1,155	163,534	154,923
Legacy	1,000			1,000		1,000
Other donations	37,610		53	37,663	11,272	48,935	36,527
Gift aid	45,931		6	45,937	1,513	47,450	42,865
	246,860		119	246,979	13,940	260,919	234,315

				Unrestricted	Funds		Restricted	2023	2022
			General	Designated		Total	funds	Total	Total
			E		E	E			E
Adults			771			771		771	700
Seniors			2,676			2,676		2,676	1,715
Students			1,365			1,365		1,365	1,155
Children,	Youth	&Families	1,526			1,526		1,526	1,764
Church Weekend			3,393			3,393		3,393	4,396
Concerts			6,202			6,202		6,202	1,924
Fees (weddings		&funerals)	3,371			3,371		3,371	3,633
Grants			40,757	2,517		43,274		43,274	50,890
Other Church Activities									4,553
Youth Football							38,850	38,850	33,155
			60,061	2,517		62,578	38,850	101,428	103,885

			Unrestricted	Funds		Restricted	2023	2022
		General	Designated		Total	funds	Total	Total
		E		E	E		E	E
Church	Centre lettings	12,567			12,567		12,567	8,069
Church	Hall lettings	18,925			18,925		18,925	18,511
Other	lettings &income	3,150			3,150		3,150	4,429
		34,642			34,642		34,642	31,009

Inco	me from	investments
				Unrestricted	Funds		Restricted	2023	2022
			General	Designated		Total	funds	Total	Total
			E		E	E		E	E
Bank	interest	receivable	12,406			12,406		12,406	4,386

Expend	iture on raising fun	ds
			Unrestdrcted	Funds		Restricted	2023	2022
		General	Designated		Total	funds	Total	Total
		E		E	E		E
Fundraising		408			408		408
Church	Hall running	6,821			6,821		6,821	8,421
Office	and management	32,221			32,221		32,221	28,628
		39,449			39,449		39,449	37,049

Expenditure	on charitable	on charitable	activities CURRENT	activities CURRENT	reporting
			Unrestdrcted		Funds		Restricted	2023	2022
			General	Designated		Total	funds	Total	Total
			E		6	E			E
Missionary	and charitable
giving (note	7a)		23,795			23,795	6,714	30,509	22,195
Parish gift			109,000			109,000		109,000	109,000
Clergy expenses			7,806			7,806		7,806	7,396
Training			2,182			2,182	3,843	6,025	2,600
Adults			1,607			1,607		1,607	1,627
Seniors			2,064			2,064		2,064
Students			21,791			21,791		21,791	18,763
Children, Youth & Families			37,926			37,926	225	38,151	35,858
Church Weekend			3,123			3,123		3,123	4,359
Worship			24,209			24,209		24,209	22,162
Services &	Hospitality		2,869			2,869		2,869	1,706
Lunchtime	Concerts		3,368			3,368		3,368	966
Publicity			676			676		676	2,232
Church Centre running			30,760			30,760		30,760	27,265
Repairs and other costs			3,263		24,062	27,325		27,325	52,540
Church Hall	running	costs	6,821			6,821		6,821	8,421
Administration			25,615			25,615		25,615	29,568
Depreciation			3,152			3,152		3,152	2,915
Bank charges			1,005			1,005	99	1,104	954
Independent	examination
fees			1,740			1,740		1,740	1,194
Project 5000							1,414	1,414	1,140
Emmanuel	Football	Club					41,152	41,152	34,823
Total			312,772		24,062	336,834	53,447	390,281	387,684

			Unrestricted	Funds		Restdrcted	2022
						funds
			General	Designated	Total		Total
				E	E
Missionary and charitable
giving (note 7a)			22,195		22,195		22,195
Parish gift			109,000		109,000		109,000
Clergy expenses			7,396		7,396		7,396
Training						2,600	2,600
Adults			1,627		1,627		1,627
Seniors
Students			18,763		18,763		18,763
Children, Youth &	Families		35,673		35,673	185	35,858
Church Weekend			4,359		4,359		4,359
Worship			22,053		22,053	109	22,162
Services & Hospitality			1,706		1,706		1,706
Concerts			966		966		966
Publicity			1,932		1,932	300	2,232
Church Centre running			27,168		27,168	100	27,268
Repairs and other costs			9,003	43,498	52,501	39	52,540
Church Hall running	costs		8,421		8,421		8,421
Administration			28,625		28,625	940	29,565
Depreciation			2,915		2,915		2,915
Bank charges			697		697	257	954
Independent exammation
fees			1,194		1,194		1,194
Project 5000						1,140	1,140
Emmanuel Football	Club					34,823	34,823
Total			303,693	43,498	347,191	40,493	387,684
Missionary and charitable		giving
						2023	2022
			General	Designated	Restricted	Total	Total
			E	6	E	E	E
Diocese ofLeicester to send		to Diocese	1,200		6,524	7,724	1,660
ofMount Kilimanjaro
Church Missionary	Society		4,250			4,250	4,250
SOAR Project			3,600			3,600	3,600
Crosslinks			1,500			1,500	1,500
TearFund			1,300			1,300	1,300
The Bible Society			1,300			1,300	1,300
Child Contact Centre			1,000			1,000	1,000
Street Pastors - Loughborough			1,000			1,000	1,000
Christian Solidarity	Worldwide						1,500
Grants less than 61,000/not		yet allocated	8,645		190	8,835	5,085
Total			23,795		6,715	30,509	22,195

Included within the expenditure in	Notes 6and 7a	re the foll	owing employ	ment costs:
						2023		2022
	General		Designated	Restricted	Total		Total
Staff costs		F.	E			E		E
Wages and salaries		126,661				126,661		120,783
Social secudty costs		6,555				6,555		4,344
Pension costs (DCscheme)		6,854				6,854		6,446
		140,070				140,070		131,573

2023	2022
Number	Number

Office
Cleaners
Youth, children	and young families ministries
Students
Worship

Tangible fixed assets
	Freehold
	Land and	Fixtures and
	Buildings	Equipment	Total
	E	6
Cost or Valuation
At 1stJanuary 2023	275,000	76,736	351,736
Additions
Disposal
Revaluation (Note 16)
At 31st December 2023	275,000	76,736	351,736
Depreciation
At 1stJanuary 2023		73,590	73,590
Charge for the year		3,146	3,146
Depreciation on disposal
At 31st December 2023		76,736	76,736
Net BookValues
At 1stJanuary 2023	275,000	3,146	278,146
At 31st December 2023	275,000		275,000
Debtors
		2023	2022
		6	E
Accounts receivable		4,762	4,269
Gift aid recoverable		3,472	4,291
Prepayments and accrued income		15,466	2,862
Other debtors		10
		23,710	11,422
Cash at bank and in hand
		2023	2022
		E	E
PCC reserve fund bank account		281,872	273,172
PCC general current bank accounts		31,355	53,550
Junior football team bank account		11,527	13,830
		324,754	340,552


12	Creditors: amounts falling due	within one year
				2023	2022
				E	E
	Accounts payable			17,831	974
	Accruals and deferred income			8,996	17,501
	Tithe pending distribution			6,368	1,196
	Taxation and social security			2,138	2,059
	Collections to be paid over to others				907
	Due to St Barnabas Grange Park				830
	Sundry creditors			2,869	1,056
				38,202	24,523
13	Deferred Income
				2023	2022
				E	E
	Balance brought forward			6,264	6,291
	Grants added in current period
	-SDF&Growth Fund funding	(general fund	staff costs)	28,083	30,935
	-SDFreimbursement ofexpenditure			8,000	8,000
	- CIRS &SSPreimbursement
	Other income invoiced in advance
	Amounts transferred to St Ba ma bas Grange		Park
	Amounts released to income			(37,910)	(38,962)
	Balance carded forward			4,437	6,264

Restricted funds
Analysis of movements	during the CURRENT reporting	period
		At	Incoming	Outgoing	At
		1stian 2023	resources	resources	31stDec 2023
		E	E	E	E
Project 5000		8,359	2,851	(1,433)	9,777
Youth football		13,829	38,850	(41,152)	11,527
Student worker training	fund	1,100	4,375	(3,923)	1,552
Other restricted donations		225	6,714	(6,939)
		23,513	52,790	(53,447)	22,856

		At	Incoming	Outgoing	At
		1stJan 2022	resources	resources	31stDec2022
		E	E	E	E
Project 5000		7,718	1,787	(1,146)	8,359
Youth football		12,940	35,895	(35,006)	13,829
Student worker training	fund	(356)	4,124	(2,668)	1,100
Other restricted donations		1,673	225	(1,673)	225
		21,975	42,031	(40,492)	23,513

					At	Incoming	Outgoing	At
					1stJan 2023	resources	resources	31st Dec2023
					E		E	E
Designated	Reserve fund				33,500			33,500
Designated	Redecoration	&Investment		fund	258,153	2,517	(24,062)	236,608
Designated	Church planting		fund		12,203	119		12,322
Total designated funds					303,856	2,636	(24,062)	282,430
General fund					138,228	353,969	(352,221)	139,976
Revaluation	reserve (note	16)			140,000			140,000
Total unrestricted funds					582,084	356,605	(376,283)	562,406

Analysis of	movements	during the PREVIOUS	during the PREVIOUS	reporting period
				At	Incoming	Outgoing	Transfer		At
				1stJan 2022	resources	resources	Between	Fund82st	Dec2022
					E	E		E	6
Designated	Reserve fund			47,500			(14,000)		33,500
Designated	Redecoration	lk Investment	fr	294,212	7,439	(43,498)			258,153
Designated	Church planting fund			11,881	322				12,203
Total designated funds				353,593	7,761	(43,498)	(14,000)		303,856
General fund				141,167	323,803	(340,742)	14,000		138,228
Revaluation	reserve (note 16)			140,000					140,000
Total unrestricted funds				634,760	331,564	(384,240)			582,084

16	Revaluation Reserve (u	Revaluation Reserve (u	nrestric	ted)
	Analysis ofmovements		during	the CURRENT reporting	period
					At 1st	Disposal	in	At 31st
					Jan 2023	year		Dec 2023
					E		E
	Land and Buildings				140,000			140,000
	Analysis ofmovements		during	the PREVIOUS reporting	period
					At 1st	Revaluation		At 31st
					Jan 2022	in year		Dec2022
					E		E	E
	Land and Buildings				140,000			140,000
17	Transfers between	funds
					Unrestricted	Designated		Restricted	Total
					E		6	E
	Transfer from other	restricted		funds to unrestricted

Balance sheet analysis Balance sheet analysis	by fund type (CURRENT YEAR)
		General	Designated	Restricted		Total
		E	E			E
Fixed assets		275,000				275,000
Current assets		23,710				23,710
Cash at bank		19,467	282,430	22,856		324,754
Creditors		(38,202)				(38,202)
Net assets		279,975	282,430	22,856		585,261
Balance sheet analysis	by fund type (PREVIOUS YEAR)
		General	Designated	Restricted		Total
		E	E		E	E
Fixed assets		278,146				278,146
Current assets		11,422				11,422
Cash at bank		13,183	303,856	23,513		340,552
Creditors		(24,523)				(24,523)
Net assets		278,228	303,856	23,513		605,597