THE PAROCHIAL CHURCH COUNCIL OF
THE ECCLESIASTICAL PARISH OF
EMMANUEL LOUGHBOROUGH
PAROCHIAL CHURCH COUNCIL'S
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

THE PAROCHIAL CHURCH COUNCIL OF
THE ECCLESIASTICAL PARISH OF EMMANUEL LOUGHBOROUGH
CONTENTS
Page
Legal and administrative information
Parochial Church Council's report
Independent Examiner's report
Statement of Financial Artivities
Balance Sheet
Notes to the financial statements
9-19

THE PAROCHIAL CHURCH COUNCIL OF
THE ECCLESIASTICAL PARISH OF EMMANUEL LOUGHBOROUGH
LEGAL AND ADMINISTRATIVE INFORMATION
Charity number
1132853 (registered in England & Wales)
Address
Emmanuel Church Centre
Forest Road
Loughborough
Leicestershire, LE113NW
PCC Membership
Rev M.J. Broadley
Rev A Walton
Rev K Marjoribanks
Incumbent and Chairman
Associate Rector (since 22 March 2022)
Curate (since 3 July 2022)
M.B. Riddleston
Church Warden (since 25 April 2023) + Elected Member
(9 April 2019- 25 April 2023)
Elected Member (since 9 April 2019) and Treasurer
Representative on Deanery Synod
Elected Member (since 29 March 2022)
Elected Member (since 23 April 2024)
Elected Member (since 23 April 2024)
Elected Member (since 23 April 2024)
Representative on Deanery Synod
Elected Member (9 April 2019)
Reader, Lay Chair of Deanery Synod, Lay Canon of
Leicester Cathedral and PCC Safeguarding Lead
Elected Member (since 23 April 2024)
C.J. Sheldon
J.M. Burnard
A Guilder
J.L. Green
H.S, Hall
H.E. Jevons
N.J. Revell
S.E. Reynolds
Dr C.T. Spencer
W.T. Stanger
K. Fletcher
PCC Secretary- (since 25 September 2023}
D. Ninan
5. Ryce
Church Warden - Resigned at end of term 23 April 2024
Elected Member (27 April 2021) - Resigned 23 April 2024
Independent
examiner
J Dennis ACA
TC Group
Hamilton Office Park
31 High View Close
Leicester, LE4 9LJ
Banks
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill, West Malling
Kent, ME19 4JQ
Lloyds Bank PIC
37138 High St
Loughborough
LE112QG
Page I

THE PAROCHIAL CHURCH COUNCIL OF
THE ECCLESIASTICAL PARISH OF EMMANUEL LOUGHBOROUGH
REPORT OF THE PAROCHIAL CHURCH COUNCIL
FOR THE YEAR ENDED 31 DECEMBER 2024
The Parochial Church Council presents its report and the financial statements for the year ended 31 December 2024. The
Parochial Church Council which served during the year and up to the date of this report is set out on page l.
Oblectives
The primary objective of the PCC is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and
practices of the Church of England and to co-operate with the Rector in promoting the whole mission of the Church in this
ecclesiastical parish.
Adrninlstrative information and Compliance with prevalling laws and regulations
The Parochial Church Council {PCC) is a corporate body established by the Church of England. The PCC operates under The
Parochial Church Council Powers Measure and is registered with the Charity Commission in line with the requirements of
the Charities Act 2011. The financial statements have been prepared in accordance with the accounting policies set out in
the notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and
Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance
with FR5102.
Structure, 8overnante and management
All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. The PCC aims to
meet a minimum of 6 times a year. Committees are established to examine and develop certain areas of activity but report
back to the PCC for detisions to be approved.
The PCC continues to identify major risks to which it is exposed and has established policies to manage these risks which
are reviewed on a regular basis - these include, but are not limited to, safeguarding, health and safety and employment
issues. Where diocesan and other training opportunities arise, members are encouraged to attend.
Activities {Including Publlc Benefrt)
When planning our activities for the year the, PCC considered the Charity Commission's guidance on public benefit and in
particular, the specific guidance on charities for the advancement of religion. The PCC Trustees believe that, by promoting
the work of the Church of England in the Parish, we promote the whole mission of the Church (pastoral, evangelistic, social,
and ecumenical) effectively, and that, in doin8 $0, we provide a benefit to the public by:
Providing facilities for public worship. pastoral care, and spiritual, moral, and intellectual development, both for
our members and for anyone who wishes to benefit from what the Church offers; and
Promoting Christian values and service by members of the Church in and to their communities, to the benefit of
both individuals and society as a whole.
The PCC encourages a vibrant life within the church, with every effort made to reach all ages in the parish through a wide
variety of worship opportunities, social activities, and Christian fellowship. We focus on outreach work through Alpha
Courses, the Lunchtime Concerts, through youth and children's work. student mission and senior citizens, ministry. We
reach out into the community to welcome people and other charitable organisations to share and use our resources. We
offer pastoral sUPPOrt through our pastoral team5. prayer teams and prayer chain5, listeners, bereavement visitors and
communities. The many and varied groups and activities are detailed on our website www.emmanuel-loughborou8h.org.
During 2024 we have continued our pattern of three Sunday Services which are also livestreamed. We have around 100-
150 views per week across our three Sunday Services.
Page 2

THE PAROCHIAL CHURCH COUNCIL OF
THE ECCLESIASTICAL PARISH OF EMMANUEL LOUGHBOROUGH
The Parish is fully committed to the Loughborough Churches Partnership (LCP) which works to support the Loughborough
Street Pastors, scheme and other town-wide mission and outreach projects. LCP has a three year plan which supports
projects in the local community and 15 seeking to deliver a copy of Luke's Gospel to every household within a 3 year time
frame.
In all areas the PCC has been blessed by the contribution of many volunteers, who share the leadership of many of the
programmes and work with churches across the town, as well as helping in the administration of our parish. It is impossible
to quantify or put a value on the amount of work done by volunteers.
Donations income of the PCC is tithed, to give to charitable causes and in addition collections from special Se￿iceS and
events during the year were 3150 donated to good causes. Church attendees are asked to suggest potential recipients to
the tithe commattee who then make recommendations to the PCC. Most tithe recipients also have an advocate in church
helping to explain their work and convey prayer requests. A specific appeal was undertaken this year to provide equipment
for a new school block through our link Diocese in Tanzania. Details of grants made in 2024 can be found in Note 7a of the
accounts.
Achievements and performance
Overthe pastyearwe have continued to develop and deepen our ministry in linewith our Vision and Values focused around
"Who, What. How and Why" This has been in many different areas of the church's life. As we start a new year we are
cornmitted to relooking at OLtr Vision statement and discerning the areas that we need to focus on in a more targeted way.
Worship and Discipleship.
Our Sunday Morning congregations continue to grow and develop. What is noticeable is that the 11.00 has become more
diverse in terms of ethnicity and socio-economic background. This has been reflected in the Alpha Courses that have been
hosted and organised under the leadership of Helen Sheldon which has drawn a wide range of people from a wide range
of backgrounds. Our Sunday Evening Service continues to struggle in terms of members of our congregation however we
have now moved to a Café Style service every week which is growing and developing as well as fo¢usin8 far more on
dFscipleship. The 10.00 Thursday Morning Communion Se￿iCe regularly attracts 20-25 members of the congregation per
week.
Our discipleship groups continue to grow and develop under the oversight of Rev Ali Waltort. Over the past year we have
followed the sermon series as well as explored the Holy Habits material. Ali retires on 23 March 2025 and we will look at
how to grow our discipleship through the "Emmaus Groups,"
Various regular activitie5 and multiple one off events have taken place within Emmanuel that have encouraged worship,
discipleship and evangelism. These have included Youth Events, School Events, Project 5000 and Lunchtime Concerts.
Resource Church.
Over the past year we have continued to look at how we can fulfil our calling to plant churches that plant churches. We
held our now annual Resource Church Partnership Weekend at Emmanuel and the main speakerwas the Rev Martyn Taylor
a vicar from Stamford who has planted Several churches in markettowns. The main thallengefor all of usfrom the weekend
was'what Nexty, Our relationship with the Good Shepherd Continues to grow and develop through the ministry of Revd
Michael Broadley and the Revd Kat Marjoribanks. The three families who planted into the Good Shepherd are now fulty
integrated into the worshipping community and the church continues to grow slowly but surely. St Barnabas continues to
grow and develop with over 120 people [in¢ludin8 children] on their "books"
Flnancial review
During 2024 we utilised £28,556 from the Designated Redecoration and Investment Fund to undertake urgent repairs to
two pinnacles on the church building. These were identified following the quinquennial inspection This resulted in a net
deficit (before transfers and revaluations) of £30,067 compared to a net deficit last year of £20,335. This year's deficit
(before transfers and revaluations) includes a surplus of £1,931 on General funds and a deficit of £30,654 on Designated
funds giving a total of £28,723 on unrestricted funds and a deficit of £1,344 on restricted funds.
Page 3

THE PAROCHIAL CHURCH COUNCIL OF
THE ECCLESIASTICAL PARISH OF EMMANUEL LOUGHBOROUGH
Totsl income has decreased by £13,194 compared to 2023, whilst expenditure has decreased by £3,462 (which includes
£28,556 on major repairs). Income from Charitable Activities decreased by £13,800 mainly through reduced grants and
expenditure on Charitable Activities reduced by £3,332.
Principal risks and uncertalnties
The principal risks and uncertainties fating us as a church are the potential for volatility in our income from donations
(which is our principal source of funding), as well as the potential need for unexpected repairs to our buildings. Fulfilling
our role as a Resource Church will also continue to be a source of potential financial risk. These risks and uncertainties are
the main factors which could affect our future financial performance and position.
The former risk is mitigated by our Thanksgiving programme, which takes place annually- through this we encourage the
congregation to consider individually their annual givin8 and whether they could commit to giving by standing order. This
has now become an established part of Emmanuel's church ¢alendar and assists us with budgeting throughout the year.
The risk regarding unexpected repairs is mitigated through the valuable work of our volunteers who perform regu lar and
careful reviews of the buildings, grounds and premises and undertake minor maintenance. This ensures that any minor
repairs can be undertaken before they get worse, and quotes can be obtained for any more significant repairs or works so
that they can be planned for before they become essential. Our buildings and contents are fully insured. During 2022 we
completed a Quinquennial inspertion of our premises, this is a detailed survey required by the Church of England every five
years. This has highlighted some areas of maintenance which the PCC have been tackling with the most important first.
The repairs to the pinnacles became most urgent on more detailed inspection but have now been completed in full.
In order to minimise the risk around our development as a Resource Church, we continue to carefully balance additional
costs incurred in order to fulfil increased expectations against our resources available at any one point in time. Where
possible, we are taking advantage of grant funding available from the Diocese to assist with the staffin8 requirements which
we trust will facilitate our growth.
Reserves pollcy and review
The policy of the Trustees is to aim to keep a minimum of £60,000 in the general reserve. This ensures that we have good
cover for significant unplanned items of emergency expenditure. We will continue to endeavour to maintain thi5 reseNe
whenever possible, whilst recognising that we may have to Use some of it as an interim measure as we grow and develop
as a Resource Church. This figure in General Reserves was depleted during the Covid-19 pandemic and we have not yet
been able to restore to this figure. We are pleased that we have achieved a breakeven result in 2024. We continue to hold
over £205,000 i n our Redecoration and Investment reserve which is available to cover premises related costs, reducing the
reliance on the General Reserve.
The PCC regularly reviews levels of reserves, including free reserves over and above our desi8nated reserde fund, as part of
the budgetin8 proced ure. The PCC believes current levels of reserves across both General and Redecoration and Investment
Fund are adequate. Free reserves are used to grow our mission and ministry in line with priorities determined by the PCC
and Emmanuel invests its funds balances with the CBF Church of En8land Deposit Fund.
Total reseDJes at the end of the year amount to £555,195. This includes restricted reserves of £21,512 as deta iled in Note
14, and designated reseNes of £251,776 as detailed in Note 15. Our Designated General reserves balance at the year-end
is £33.500 and in line with our reserves policy, we will aim to rebuild this to £60,000 as soon as possible, which represents
approximately three months, expenditure.
The church plantin8 designated fund continue5 to be available to assist our next church plant arising from our Resource
Church designation,
Undesignated general reserrfes, including the revaluation reserve, amount to £281,907. These include the value of the
church hall {regarded as an inalienable asset). As £275,000 of unrestricted funds could only be released through the
Page 4

THE PAROCHIAL CHURCH COUNCIL OF
THE ECCLESIASTICAL PARISH OF EMMANUEL LOUGHBOROUGH
disposal of fixed assets, this leaves readily available funds {"free reserves") that are neither restricted nor designated of just
£6.907 at the year end. This does not include the Designated Reserve Fund and the substantial Designated Redecoration
and Investment Reserve which total £239,374.
Approved by the PCC on 18 March 2025 and signed on their behalf by:
Rev M Broadley, (Chairman
Page 5

THE PAROCHIAL CHURCH COUNCIL OF
THE ECCLESIASTICAL PARISH OF EMMANUEL LOUGHBOROUGH
Independent examiner's report to the Parochial Church Council of the Eccleslastical Parlsh of Ernmanuel,
Loughborough
I report to the charityls trustees on my examination of the financial statements of The Parochial Church Council of the
Ecclesiastical Parish of Emmanuel, Loughborough for the year ended 31 December 2024which comprisethe statement
of financial activities, the balance sheet and related notes.
Responslbilitles and basls of report
As the charity'5 trustees you are responsible for the preparation of the accounts irt accordance with the requirements
of the Charities Act 2011 {'the Act')-
I report in respect of my examination of the chariVs accounts carried out under section 145 of the Act and in carrying
out my examination I have followed all the applicable Directions given by the Charity Commission under section
145(5)(b) of the Act.
Independent examiner's statement
Since the chariws gross income exceeded £250,000 your examiner must be a member of a body listed in section 145
ofthe Act. I confirm that l am qualified to undertake the examination because l am a member of ICAEW, which is one
of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with
the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the charity as required by sertion 130 of the Act- or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'true and fair view, which is not a matter considered as part of
an independent examination.
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.
L/L
ennis ACA
TC Group
Hamilton Office Park
31 High View Close
Leicester, LE4 9 LI
Date=
Page 6

THE PAROCHIAL CH
THE ECCLESIA
CAL PARISH OF
RCH COUNCIL OF
ANUEL LOUGHB
UGH
STATEMENT
NANCIAL AGTIV
FOR THE YEAR ENDED 31 DECEMBER 2024
Unre5tri¢ted Funds
Deslgnated
Restrlcted
funds
Z024
Total
2023
Total
Genernl
Total
Income from:
Donations and legacies
Charitable Activitie5
other activities
Investments
Total
Notes
247.361
37,170
43,258
13,199
340,988
80
6,344
247.441
43.514
43.25B
13,199
347.412
4,675
44,114
252,116
87,628
43,258
13,199
396,201
260.919
101.428
34,642
12,406
409,395
6,424
48,789
Expendlture on:
Rai5in8 funds
Ch3rit3 ble activiti es
Tota I
39,303
299,754
339,057
39.303
336,832
376.135
16
50.117
50,133
39,319
386,949
426,268
39.449
390,281
429,730
37,078
37,078
Net In¢ome] ¢experHditure)
1,931
{30,654)
(28,723)
(1,344)
{30,067)
[20,335)
Nel movement in funds
1,931
(30,654)
(28,723)
{1,34d)
(30,067)
(20,335}
RecoTrciliatlon of funds:
Total funds brought forward
279,976
282,430
562,406
22.856
585,262
605,597
Total funds carried forward
14&15
281,907
251,776
533,683
21,512
555,195
585,262

BALANCE SHEET
CAL PARISH OF EMMANUEL LOUGHBORO
THE ECCLE
STATEMENT
FINANCIAL ACTIVITIE
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Notes
Flxed ass¢t$
Ta nsible assets
277,504
275,000
Current assets
Debtors
Cash at bank and in hènd
10
11,723
281,554
293,277
23,710
324,754
348,464
11
Creditors falling due wlthln
one year
12
(15,586)
{38,202)
Nel currtrtt assets
277,691
310,262
Net assets
555,195
58S,262
Funds of the charlty
Restricted funds
General fund
Oesignated funds
Revaluation reserve
Total unrestricted funds
14
21,512
22,856
15
15
16
141,907
251,776
140,000
139,976
282,430
140,000
533,683
562,406
Total funds
555,195
585,262
The financial statements were approved by the Parochial Church Countil on 18 March 2025 and signed on it5 behalf by:
I I i _IllU IJJ
Rev M. Broadley
Chèirmart
The notes on pages 9 to 19 form an integral part of these financial statements
11

THE PAROCHIAL CHURCH COUNCIL OF
THE ECCLESIASTICAL PARISH OF EMMANUEL LOUGHBOROUGH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng Pollcies
The main accounting policies are summarised below. The accounting policies have been applied
consistently throughout the year and the precedin8 year.
1.1 Basis of accounting
The PCC constitutes a public benefit entity as defined by FRS 102. The financial statem'ents have been
prepared in accordance with 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 issued in October 2019, the Financial Reportin8
Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Church Accounting
Regulations 2017. the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historical c05t convention,
modified to include certain items at fair value.
Fund accountlng
Funds shown in these accounts include:
the general funds of the Parochial Church Council (PCC) that are not subject to any restrictions
regarding their use and are available for application to the general purposes of the PCC;
Designated funds which have been set aside by the PCC for a specific purpose but are not
Subject to any restriction; and
Restricted funds which can only be used for specific purposes.
The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They
do not include the accounts of church 8foups that are informal gatherings of church members.
Cashflow exemption
The PCC has taken advantage of the exemption available to smaller charities such that no Statement of
cashflows has been prepared.
Income
All income is included in the statement of financial activities when the church is entitled to the income
and the amount can be quantified with reasonable accuracy. The following specific policies are applied
to particular categories of income:
Income from donations and le
acies=
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 the donation is recognised.
Grants and legacies to the PCC are accounted for as soon as the PCC is notified of their legal entitlement
and the amount due.
Income from other activities:
Rental income from the letting of church and church hall premises is reco8nised when the rental is due.
Page 9

THE PAROCHIAL CHURCH COUNCIL OF
THE ECCLESIASTICAL PARISH OF EMMANUEL LOUGHBOROUGH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Income from investments:
Interest is accounted for when receivable.
1.5 Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT
which cannot be recovered, which is reported as part of the expenditure to which it relates.
1.6 Taxation
The PCC is exempt from tax on its charitable artivities.
1,7 Going concern
There are no material uncertainties in respect to the PCC'5 ability to continue as a going concern.
Tangible fixed assets and depreciation
Freehold land & buildings are stated at market value and are not depreciated as the PCC consider that
any depreciation charge would be insignificant taking into account the useful economic life of the
buildings and the fact that they are maintained in good condition.
Fixtures and equipment are stated at cost less accumulated depreciation. Depreciation is provided
at rates calculated to write off the cost of each asset over its expected useful life, as follows:
Freehold land and buildings
Fixture5 and equipment
not depreciated
3 to 5 years straight line
Consecrated land and buildings and moveable church furnishings:
Consecrated and beneficiary property is excluded from the accounts by Virtue of s.1012} {a} of the
Charities Act 2011.
No value is placed on historic movable churth furnishings held by churchwardens on special trust
for the PCC and which requlre a faculty for disposal since the PCC considers these to be inalienable
assets. All expenditure incurred during the year on consecrated or beneficed buildings, whether
maintenance or improvement, is writtert off as expenditure in the statement of financial activities.
Individual items of equipment with a purcha.se price of £1,000 or less or where the cost is funded
by a specific appeal, grant or designated reserves are written off in the year of purchase.
1.9 Defined contribution pension schemes
The pension costs charged in the financial statements represent the contributions payable by the
charity during the year.
Pa8e 10

2 Income from donation5 and legacies
Unrestricted Funds
Designated
Restricted
funds
2024
Total
2023
Total
General
Total
Regular donations
Legacv
Other donations
Giftaid
166,365
45
166,410
166,410
163,534
1,000
48,935
47,450
260,919
36,294
44,702
247,361
35
36,329
44,702
247,441
3,880
795
4,675
40,209
45,497
252,116
80
Income from donations in the prior year included £119 to designated funds income and £13,940 to restricted funds.
3 Income from charitable artlvlties
Unrestricted Funds
Designated
Restricted
funds
2024
2023
General
Total
Total
Total
Adults
257
257
257
771
Seniors
Students
Children, Youth & Families
Church Weekend
2,779
1,275
298
2,779
1,275
298
2,779
1,275
298
2,676
1,365
1,526
3,393
6,202
3,371
43,274
38,850
101,428
3,716
5,982
1,137
21,726
3,716
5,982
1,137
28,070
3,716
5,982
1,137
28,070
44,114
87,628
Lunchtime Concerts
Fees Iweddings & funerals)
Grants
6,344
Youth Football
44,114
44,114
37,170
6,344
43,514
Income from charitable activities in the prior year included= £38,850 restricted youth football team income.
4 Income from other activities
Unrestrlcted Funds
Restricted
funds
2024
2023
General
Desl8nated
Total
Total
Total
Church Centre lettings
Church Hall lettings
Other lettings & income
14,854
17,166
11,238
43,258
14,854
17,166
11,238
43,258
14,854
17,166
11,238
43,258
12,567
18,925
3,150
34,642
All income from other activities in the prior year was unrestricted and undesignated.
5 Income from Investments
Unrestricted Funds
Restricted
funds
2024
Total
2023
Total
General
Designated
Total
Bank interest receivable
13,199
13,199
13,199
12,406
All income from investments in the prior year was unrestricted and undesignated.
11

6 Expenditure on raising funds
Unrestrirted Funds
Designated
Restricted
funds
2024
Total
2023
Total
General
Total
Fundraising
Churth Hall running
Office and management
2,081
6,463
30.759
39,303
2,081
6.463
30.759
39,303
16
2,097
6,463
30,759
39,319
408
6,821
32,221
39,450
16
Expenditure on raising funds in the prior year was unrestricted and undesignated.
7 Expenditure on charitable artivities CURRENT reporting period
Unrestricted Funds
General
Designated
Restricted
f unds
2024
Total
2023
Total
Total
Missionary and charitable
giving (note 7a}
Parish gift
Clergy expenses
Training
Adults
24,665
99,450
7,939
1,736
1,028
1,965
12,082
33,989
3,496
25,336
3,870
5,318
461
24,665
99,450
7,939
1,736
1,028
1,965
12,082
33,989
3.496
25,336
3,870
5,318
461
3,441
28,106
99,450
7,939
3,286
L,028
1,965
12,082
34,176
3,496
25,336
3,870
5,318
461
30,509
109,000
7,806
6,025
1,607
2,064
21,791
38,151
3,123
24,209
2,869
3,368
676
1,550
Senior5
Students
Children, Youth & Families
Church Weekend
Worship
Services & Hospitality
Lunchtime Concerts
Publicity
Church Centre running
Repairs and other costs
Church Hall running costs
Administration
Depreiiation
Bank charges
Independent examination
fees
11
187
33,204
4,652
6,463
30,714
487
33,204
41,730
6,463
30,714
487
250
33,454
41,730
6,463
30,714
487
30,760
27,325
6,821
25,615
3,152
1,104
37,078
1,009
1,009
1,009
1,890
1,890
1,890
1,513
43,177
386,949
1,740
1,414
41,152
390,281
Project 5000
Emmanuel Football Club
Total
1,513
43,177
50,117
299,754
37,078
336,832
12

7 cont Expenditure on charitable activities PREVIOUS reporting period
Unrestricted Funds
Restrirted
funds
2023
General
Designated
Total
Total
Missionary and charitable
giving Inote 7a}
Parish gift
Clergy expenses
Training
Adults
Seniors
Students
Children. Youth & Farnilies
Church Weekend
Worshlp
Services & Hospitality
Concerts
Publicity
Church Centre running
Repairs and other costs
Church Hall running costs
Administration
Depreciation
Bank charges
Independent examination
fees
23,795
109,000
7,806
2,182
1,607
2,064
21,791
37,926
3,123
24,209
2,869
3,368
676
23,795
109,000
7,806
2,182
1,607
2,064
21,791
37,926
3.123
24,209
2,869
3,368
676
6,714
30,509
109,000
7,806
6,025
1,607
2,064
21,791
38,151
3.123
24,209
2,869
3,368
676
30,760
27,325
6.821
25,615
3,152
1,104
3,843
225
30,760
3,263
6,821
25,615
3,152
1,005
30,760
27,325
6,821
25,615
3,152
1,005
24,062
99
1,740
1,740
Project 5000
Emmanuel Football Club
Tota I
1,740
1,414
41,152
390,281
1,414
41,152
53,447
312,772
24,062
336,834
7a
Missionary and charitable givlng
2024
2023
General
Designated Restrirted
Total
Total
Diocese of Leicester to send to Diocese
of Mount Kilirnanjaro
Church Missionary Societv
SOAR Project
Crosslinks
2,557
3,143
5,700
7,724
4,325
3,700
1,530
1,330
1,325
1,025
1,025
7,908
24,725
4,325
3,700
1,530
1,330
1,325
1,025
1,025
8,205
28,165
4,250
3,600
1,500
1.300
1,300
1,000
1,000
8,835
30,S09
TearFund
The Bible Society
Child Contsct Centre
Street Pastors - Loughborough
Grants less than £l,OOO/not yet a Ilocated
Tota I
297
3,441
The prior year figures include £Nil from designated funds and £6,715 from restricted funds.
13

8 Employees
Included within the expenditure In Note5 6 and 7 are the following employment costs:
2024
2023
General
Designated Restricted
Total
Total
Staff costs
Wages and salaries
Socia I secu rity costs
Pension costs (DC scheme)
120,371
4,504
6,543
131,418
120,371
4,504
6,543
131,418
126,661
6,555
6,854
140,070
All staff costs in 2024 were unrestricted
The average monthly number of employees (full and part time) during the year was as follows:
2024
2023
Number
Number
Office
Cleaners
Youth, children and young families ministries
Students
Worship
{1} The Church operates a defined contribution pension scheme. At the year end £714 (2023: £942) of contributions are
due to be paid over, as contributions are paid monthly in arrears.
(li} No employee received employment benefits for the reporting period of more than £60,000.
(iii} Office stsff costs were being partially funded by grants from the Church of England Structural Development Fund
ISDF) and the Church of England Diocese of Leicester Growth Fund. Grant funding gradually tapers off and ended during
2024.
(iv) From January until June, a student worker was employed on a fixed term contratt, which was fLJlly funded by the
Church of England SDF.
{vi} Note 19 provides information relating to employees who are also trustees.
14

9 Tangible fixed assets
Freehold
Land and
Buildings
Flxlures and
Equipment
Total
Cost or Valuation
At 1st January 2024
Additions
275.000
76,736
2,991
351,736
2,991
Disposal
Revaluation INote 16)
At 31st December 2024
275,000
79.727
354,727
Depreciation
At Lstjanuary 2024
Cha rge for the year
Depreciation on disposal
At 31st December 2024
76,736
487
76,736
487
77,223
77,223
Net Book Value5
At Istjanuary 2024
At 31st Decernber 2024
275,000
275,000
275,000
277,504
2,504
10 Debtors
2024
2023
Accounts receivable
2,606
3,593
5,500
24
4,762
3,472
15,466
10
Gift aid recoverable
Prepayments and attrued income
Other debtors
11,723
23,710
11 Cash at bank and in hand
2024
2023
PCC reserve fund bank account
PCC gen.era I current bank accounts
Junior football team bank account
245,747
23,344
12,464
281,554
281,872
31,355
11,527
324,754
15

12 Creditors: amounts falling due within one year
2024
2023
Accounts payable
Accruals and deferred income
Tithe pending distribution
Taxation and social security
Collections to be paid over to others
Su ndry creditors
1,052
4,640
5,770
1,876
10
17,831
8,996
6,368
2,138
2,238
15,586
2.869
38, 202
13 Deferred Income
2024
2023
Balance brought forward
Grants added in current period
- SDF & Growth Fund funding (general fund staff costs)
- SDF reimbursement of expenditure
Amounts released to income
4,437
6,264
11,550
8,CK)O
(23,987)
28,083
8,000
(37,910}
4,437
Balance carried forward
(i) Deferred income, included within accruals and deferred income above. relates to grants received.
(li) In the current and prior year, general fund grants have been received to assist with staff costs, from
both the Church of England (Structural Development Fund {SDF) and Growth Fund). In addition, costs of
trainin& development and Clergy expenses to support Emmanuel as a Resource Church have also been
reimbursed by the SDF.
(iii) All existing grant arrangements were concluded at the end of 2024.
14 Restricted funds
Analysls of movements durlng the CURRENT reporting period
At
Incoming
resources
Outgoing
resource5 31st Dec 2024
At
1st Jan 2024
Project 5000
Youth football
Student worker training fund
Other restricted donations
9,777
11,527
1,552
798
(1,526)
{43,178)
(1,552)
13,877)
150,133)
9,049
12,463
44.114
3,877
48,789
22,856
21,512
All Incoming and outgoing resources relate to income and expenditure included in the SOFA
16

14 b. Analysls of movements during the PREVIOUS reporting period
At
Incoming
resources
Outgoing
resources 31st Dec 2023
At
1st Jan 2023
Projert 50CIO
Youth football
Student worker training fund
Other restricted donations
8,359
13,829
1,100
225
2,851
(1,433)
38,850
(41,152}
4,375
(3,923)
6,714
(6,939)
23,513
52,790
(53,447)
All incoming and outgoing resources relate to income and expenditure noted included in the SOFA.
9,777
11,527
1,552
22,856
Purpose of restricted funds
Project 5000: this f und is restricted to donations and other income received in support of Project 5000, which is entirelv
run by volunteers and provides hot meals and other support to the homeless and others in need throughout the year.
Outgoing resources on this fund represent the cost of providing the support.
Youth football: this fund is restricted to income (including voluntary subscriptions, payments for kit and other donations)
received by the Emmanuel FC youth football teams. and the associated expenditure. The teams are run entirely by
volunteers.
Student worker training fund: this fund comprises money donated by supporters of our student worker to fund a trèining
course related to the role. The fund was closed on 2023 following suff icient donations to cover the cost of the course,
The balance brought fOrn￿ard represented the final payment paid in January 2024,
other restricted donations: these are donations given for various specific purposes, The largest was £2,655 raised to
support the work of a school in Toloha operated by our link Diocese of Mount Kilimanjaro in Tanzania, This money is
donated to the Diocese of Leicester who make the donation to the Tanzanian Diocese.
IS Unrestrirted funds
Analy515 of movements during the CURRENT reporting period
At
Incoming
resources
Outgoing
resources 31st Dec 2024
At
1st Jan 2024
Designated Reserve fund
Designated Redecoration & Investment fund
Designated Church planting fund
Total designated funds
General fund
Revaluation reserve {note 16)
Tota l u nrestritted funds
33.500
236,608
12,322
282,430
139,976
140,000
562,406
33,500
205,874
12,402
251,776
141,907
140,000
533,683
6,344
80
6,424
340,988
{37,0781
(37,078)
(339,057)
347,412
{376,135)
All Incoming and outgoing resources relate to income and expenditure are noted on the SOFA.
17

Analysis of movements during the PREVIOUS reporting period
At
Incoming
resources
Outgoing Transfer
resources Between Fund31st Dec 2023
At
1st Jan 2023
Designated Reserve fund
Designated Redecoration & Investment fi
Designated Church planting fund
Total designated funds
General fund
Revaluation reseNe (note 16)
Tota l unrestricted funds
33,500
258,153
12,203
303,856
138,228
140,000
582,084
33,500
236,608
12,322
282,430
139,976
140,000
562,406
2,517
119
(24,062)
2,636
353,969
(24,062)
(352,221)
356,605
(376,283)
All Intoming and outgoing resources relate to income and expenditure are noted on the SOFA.
Purpose of designated fvnds
Designated Reserve fund: this fund has been deslgnated to ensure that reserves are held to cover future running costs.
Designated Redecoration & investment fund: this fund has been designated to set aside the proceeds of the sa le of
former property net of costs incurred and a former Redecoration Fund. During the period the PCC have spent £34,900
less a VAT grant of £6,344 toundertake major repairs to two pinnacles on the roof of the church building. The balance of
the fund 15 invested until further capital projects are undertaken including works required by quinquennial inspection.
Designated ChLJrch planting fund- this f und has been designated to set aside funds to be used for church planting and
related expenditure,
16 Revaluation Reserve (unrestricted)
Analysis of movements during the CURRENT reporting peri¢xl
At 1st Disposal in
Jan-24 year
At 31st
Dec 2024
Land and Buildings
140,000
140,000
Analysis of movements during the PREVIOUS reporting period
At 1st Revaluation
Jan 2023 in year
At 31st
Dec 2023
Land and Buildings
140,000
L40,000
17 Transfers between funds
Unrestricted Designated
Restricted
Total
Transfer from other restricted funds to unrestricted
18

18 Balance sheet analysls
Balance sheet analysis by fund type (CURRENTYEAR)
General
Designated
Restrirted
Total
Fixed assets
277,504
11,723
8,266
(15,586)
281,907
277,504
11,723
281,554
(15,586)
555,196
Current assets
Cash at bank
Cred itors
Net assets
251,776
21,512
251,776
21,512
Balance sheet analysis by fund type (PREVIOUS YEAR)
General
Deslgnated
Restricted
Total
Fixed assets
Current assets
Cash at bank
Cred itors
Net assets
275,000
23,710
19,467
(38,202)
279,975
275,000
23,710
324,754
(38,202)
585,261
282,430
22,856
282,430
22,856
19 Transactions Wlth members of the PCC and related parties -
(i) Reimbursement of expenses to the following clergy who were trustees for all or part of the year amounted to- Rev M
Broadley £4,564 (2023- £4,555), Rev A Walton £1,783 (2023: £2,138) and Kat Marjoribanks £1,20412023: £699).
(li) No other member of the PCC has received any remuneration,
(iii) PCC members from time to time receive monies in respect of valid expense claims, supported by relevant
documentation,
(iv} Substantial amounts of voluntary help were received, the value of which cannot be quantified.
19