TREASURER’S REPORT FOR THE YEAR ENDING 31[st] DECEMBER 2024
2024 has again been a particularly difficult year financially. We must give thanks again to our faithful team of Wardens and volunteers who have again worked really hard especially with Afternoon Teas and the Fete.
Our Parish Contribution for 2024 amounted to a total of £70,000 – Thanks once again to the Generosity of the Richard Wall/Jack Cox Fund. And Dorothy Smith This year we have needed to reduce our Parish Contribution once again, and we hope now to keep a near balanced budget going forward. We have to remember that our Parish contributions help to support our clergy and the work they do.
The 2024 Statement of Financial Affairs shows a surplus of £5855 in the general fund; It is to be noted that this figure would have been considerably less without the assistance of Dorothy Smith Forum and the Cox/ Wall Fund.
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1) Once again, the 200 club has been successful – If you would like still to join, please do contact Mary Clarkson or myself.
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2) We were able to hold near normal Easter and Christmas services this year although with reduced congregations.
We had two generous legacies in 2024 so PLEASE CONTINUE TO THINK ‘LEGACIES’
It is crucially important at this time, that as custodians of the church affairs, we remain aware of the need to maintain the underlying sustainability of our expenditure compared with our income. Our main priority for 2025 is again to continue to make all possible efforts to keep our budget in check.
The accounts are presented this year in the SOFA (statement of financial affairs) format as laid down by the Charity Commission I hope that they remain reasonably clear. Some observations to note are: -
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1) The Stock Market has reduced in value owing to the rise in interest rates affecting especially the Dorothy Smith Bequest capital.
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2) Planned Giving is holding steady however not increasing much, so we do still need to be ever vigilant.
We sincerely hope that 2025 will improve.
After 25 years this is my last report – Mark Swales has agreed to take over in 2025
I would like to end this report by once again asking for ‘God’s continuing guiding hand’ in all we do. ANGIE HILL, Honorary Treasurer,
5
| Unrestricted General Fund |
Designated General Fund |
Restricted Funds Fabric Dorothy Fund Smith |
Restricted Funds Fabric Dorothy Fund Smith |
YMFS Funds |
TOTAL 2024 2023 |
TOTAL 2024 2023 |
||||
|---|---|---|---|---|---|---|---|---|---|---|
| CURRENT ASSETS Investments at Market Value as Schedule National Savings Bonds Short Term Deposits Cash at Bank |
£ | £ | £ | £ | £ | £ | £ | |||
| 14927 50 10227 |
180 | 120441 | 11188 | 146736 50 10227 |
143296 4958 552 |
|||||
| TOTAL | 25204 | 180 | 120441 | 11188 | 157013 | 148806 | ||||
| Debtors & Prepayments | 4558 | 4558 | 23068 | |||||||
| LESS CURRENT LIABILITIES Creditors & Accruals falling Due within 12 Months |
7744 | 7744 | 27078 | |||||||
| NET ASSETS | -3186 | 180 | 120441 | 11188 | 128623 | -4010 | ||||
| FUNDS Balances as on 31st December 2023 Unrealised Losses/Gains on Investments Investments sold 2024 Surplus (deficit) for the Year Balance transferred to Team A/C |
7,682 353 |
-4,454 | 122,409 2,695 |
10,485 214 |
136,122 3,262 |
140221 3637 |
||||
| 5,855 | -14,035 | 176 | -8,004 | -5899 | ||||||
| TOTAL BALANCES | 13,890 | -18489 | 125,104 | 10,875 | 131380 | 137959 |
| NOTES TO THE FINANCIAL STATEMENTS December 31, 2024 Unrestricte Designated Restricted Funds TOTALS General General Fabric Dorothy YMFS Fund Fund Smith Funds 2024 2023 |
NOTES TO THE FINANCIAL STATEMENTS December 31, 2024 Unrestricte Designated Restricted Funds TOTALS General General Fabric Dorothy YMFS Fund Fund Smith Funds 2024 2023 |
NOTES TO THE FINANCIAL STATEMENTS December 31, 2024 Unrestricte Designated Restricted Funds TOTALS General General Fabric Dorothy YMFS Fund Fund Smith Funds 2024 2023 |
NOTES TO THE FINANCIAL STATEMENTS December 31, 2024 Unrestricte Designated Restricted Funds TOTALS General General Fabric Dorothy YMFS Fund Fund Smith Funds 2024 2023 |
NOTES TO THE FINANCIAL STATEMENTS December 31, 2024 Unrestricte Designated Restricted Funds TOTALS General General Fabric Dorothy YMFS Fund Fund Smith Funds 2024 2023 |
NOTES TO THE FINANCIAL STATEMENTS December 31, 2024 Unrestricte Designated Restricted Funds TOTALS General General Fabric Dorothy YMFS Fund Fund Smith Funds 2024 2023 |
NOTES TO THE FINANCIAL STATEMENTS December 31, 2024 Unrestricte Designated Restricted Funds TOTALS General General Fabric Dorothy YMFS Fund Fund Smith Funds 2024 2023 |
NOTES TO THE FINANCIAL STATEMENTS December 31, 2024 Unrestricte Designated Restricted Funds TOTALS General General Fabric Dorothy YMFS Fund Fund Smith Funds 2024 2023 |
NOTES TO THE FINANCIAL STATEMENTS December 31, 2024 Unrestricte Designated Restricted Funds TOTALS General General Fabric Dorothy YMFS Fund Fund Smith Funds 2024 2023 |
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|---|---|---|---|---|---|---|---|---|---|---|---|
| £ £ £ £ £ £ £ |
|||||||||||
| 2 **a ** |
INCOMING RESOURCES Voluntary giving (Direct giving) Planned giving ex. income tax Income Tax Refunds Taxable Donations Open plate collections - all services Special/RetiringCollections |
60104 15778 1406 5726 |
480 | 60104 15778 1406 5726 480 |
72579 21357 1792 6255 2195 |
||||||
| Total | 83014 | 83494 | 104178 | ||||||||
| **b ** | Other Voluntary Income Hardship Fund Income from Izettle/Youth Grants from Richard Wall /JFC/Friends/Bowde Transfer from DS Bequest/Bowdens/Commum Legacies & Grants/DS sale of shares/Balance of Re-ordering Donations/Sundries/DS |
360 220 ns 8078 16300 4939 |
53360 | 1100 | 360 220 54460 8078 16300 4939 |
750 96 7052 7204 |
|||||
| Total | 29897 | 53360 | 1100 | 84357 | 15102 | ||||||
| **c ** | Gross income from Events and Activities Raffle/Fete 200 Club Wallsafe Fees PCC Fees - Others Fees - Retired Clergy Church Events/Church Organizations |
1817 1925 4176 1636 1150 2224 3151 |
1817 1925 4176 1636 1150 2224 3151 |
2148 2185 2540 2659 2050 944 3730 |
|||||||
| Total | 16079 | 16079 | 16256 | ||||||||
| **d ** | Other ordinary income Sale of Books Sale of Cards Miscellaneous Fabric Team Pensions Team Income Community Hall Heat refund Assigned Fees |
45 285 856 1236 1620 |
17604 | 45 285 856 17604 1236 1620 |
101 2162 102 1525 2003 2825 |
||||||
| Total | 4042 | 17604 | 21646 | 8718 | |||||||
| **e ** | Income from investments Dividends & interest - General Fund |
401 | 301 | 702 | 4167 | ||||||
| TOTAL INCOMING RESOURCES | 133433 | 70964 | 301 | 206278 | 148421 |
NOTES TO THE FINANCIAL STATEMENTS
December 31, 2024
| NOTES TO THE FINANCIAL STATEMENTS December 31, 2024 |
NOTES TO THE FINANCIAL STATEMENTS December 31, 2024 |
NOTES TO THE FINANCIAL STATEMENTS December 31, 2024 |
NOTES TO THE FINANCIAL STATEMENTS December 31, 2024 |
NOTES TO THE FINANCIAL STATEMENTS December 31, 2024 |
NOTES TO THE FINANCIAL STATEMENTS December 31, 2024 |
NOTES TO THE FINANCIAL STATEMENTS December 31, 2024 |
NOTES TO THE FINANCIAL STATEMENTS December 31, 2024 |
NOTES TO THE FINANCIAL STATEMENTS December 31, 2024 |
|
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted Designated Restricted Funds TOTAL General Fabric Dorothy YMFS Funds Fund Fund Smith Fund 2024 2023 |
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| £ | £ | £ | £ | £ | £ | £ | |||
| 3 **a ** |
RESOURCES USED Grants Annual charitable giving Donation/expenses from fete procceds Retiring and other special collections/Donations |
7,000 200 |
446 | 7,000 200 446 |
8,000 200 2,195 |
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| Total | 7,200 | 7,646 | 10,395 | ||||||
| **b ** | Support costs Children and youth work Discretionary Fund DS Grants Fabric Izettle Transfers/Bank Charges HardshipFund Expenditure |
165 142 200 |
84,999 | 1,100 | 125 | 125 165 1,100 84,999 142 200 |
781 3497 1500 154 327 |
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| Total | 507 | 1,100 | 125 | 86,731 | 6259 | ||||
| **c ** | Directly relating to the work of the church Team Expenses Fees outgoings - Verger/Organist/etc Fees Outgoings - Retired Clergy Assigned Fees Church - Running expenses Utilities Insurance Maintenance & Cleaning Major building work Sanctuary requirements Organist & Choir Ministry -Parish Contribution |
70,000 9,477 1,410 2,479 1,570 5,710 8375 1,411 2,825 2,072 |
70,000 9,477 1,410 2,479 1,570 5,710 8,375 1,411 0 2,825 2,072 |
75000 15538 2100 1137 -420 8975 7721 4486 1423 1360 |
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| Total | 105,329 | 105,329 | 117320 | ||||||
| **d ** | Fundraising & publicity Raffle/Fete Expenses 200 Club Church Events |
259 895 316 |
259 895 316 |
430 940 82 |
|||||
| Total | 1,470 | 1,470 | 1452 | ||||||
| **e ** | Church management and Administration Verger Salary Stewardship Books Cards CCLI Expenses - St Dionysius Miscellaneous - Sundry/Izettle |
8,077 177 46 2,401 1,826 1,854 -1,309 |
8,077 177 46 2,401 1,826 1,854 -1,309 |
7628 274 132 1336 2234 442 |
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| Total | 13,072 | 13,072 | 12046 | ||||||
| Investments | |||||||||
| TOTAL RESOURCES USED | 127,578 | 214,248 | 147,472 |
| MARKET HARBOROUGH PAROCHIAL CHURCH COUNCIL STATEMENT OF INVESTMENTS HELD AND OF REALISED AND UNREALISED GAINS AND LOSSES |
MARKET HARBOROUGH PAROCHIAL CHURCH COUNCIL STATEMENT OF INVESTMENTS HELD AND OF REALISED AND UNREALISED GAINS AND LOSSES |
MARKET HARBOROUGH PAROCHIAL CHURCH COUNCIL STATEMENT OF INVESTMENTS HELD AND OF REALISED AND UNREALISED GAINS AND LOSSES |
MARKET HARBOROUGH PAROCHIAL CHURCH COUNCIL STATEMENT OF INVESTMENTS HELD AND OF REALISED AND UNREALISED GAINS AND LOSSES |
MARKET HARBOROUGH PAROCHIAL CHURCH COUNCIL STATEMENT OF INVESTMENTS HELD AND OF REALISED AND UNREALISED GAINS AND LOSSES |
MARKET HARBOROUGH PAROCHIAL CHURCH COUNCIL STATEMENT OF INVESTMENTS HELD AND OF REALISED AND UNREALISED GAINS AND LOSSES |
MARKET HARBOROUGH PAROCHIAL CHURCH COUNCIL STATEMENT OF INVESTMENTS HELD AND OF REALISED AND UNREALISED GAINS AND LOSSES |
MARKET HARBOROUGH PAROCHIAL CHURCH COUNCIL STATEMENT OF INVESTMENTS HELD AND OF REALISED AND UNREALISED GAINS AND LOSSES |
MARKET HARBOROUGH PAROCHIAL CHURCH COUNCIL STATEMENT OF INVESTMENTS HELD AND OF REALISED AND UNREALISED GAINS AND LOSSES |
|---|---|---|---|---|---|---|---|---|
| VALUE 1.1.24 |
**PURCHASES ** | SALES | VALUE 31.12.24 |
GAINS REALISED |
UNREALISED | |||
| 461.26CBF Investment Fund Shares 68.98 (2020 160) Inv. Fund Shares (St Marys Land) 1788.48 (2020 4480.31) CBF Fixed Interest Securities Fund |
10,426.92 1,559.31 2,588.82 |
10,665.58 1,595.00 2,666.98 |
238.66 35.69 78.16 |
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| Total | 14,575.05 | 14,927.56 | 352.51 | |||||
| YMFS 381 CBF Investment Fund Shares 1632 CBF Fixed interest Securities Fund |
8,612.62 2,362.32 |
8809.75 2379.13 |
197.13 16.81 |
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| Total | 10,974.94 | 11,188.88 | 213.94 | |||||
| DOROTHY SMITH BEQUEST 5208.76 Investment Fund Shares(2020 7118.79) |
117,745.58 | 120,440.95 | 2,695.37 | |||||
| TOTALS | 143,295.57 | 146,557.39 | 3,261.82 |
Adjustments
DEBTORS AND LIABILITIES 2024
| DEBTORS Insurance Prepay Team Refund Tax refund December 2024 TOTAL Balance |
2024.00 718.15 2883.31 956.23 |
|---|---|
| 4557.69 | |
| -3185.76 |
| LIABILITIES Utilities Mainteance & Cleaning Diocese Fees Special Collections Dawn Refund St Dionysius Expenses Stewardship Expenses Outward Giving Holding A/C Outward Giving |
2024.00 932.28 194.75 1570.00 445.80 56.35 93.00 4389.27 62.00 |
|---|---|
| 7743.45 |
O
UNIT 8 ECKLAND LODGE DESBOROUGH ROAD MARKET HARBOROUGH LEICS LE16 8 HB
St Dionysius Church, Market Harborough
PCC Accounts for the year ending 31st December 2024
I have examined the accounts and balance sheets of the PCC General accounts for the year ended 31st December 2024. My examination was carried out in accordance with the general directions given by the Charity Commission. That examination includes a review of the accounting records kept by the treasurer and a comparison of the accounts with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations concerning such matters. The procedures do not provide all the evidence that would be required in an audit.
In connection with my examination, I have found nothing which has caused concern and I am satisfied that the accounts and statements constitute an accurate record of the financial transactions for the year.
Independent Examiner
Stuart Hayward 16th April 2025
NC Book-keeping Services Ltd t/a Nathan Charles Registered in England; Regd Office Unit 8 Eckland Lodge, Desborough Road, Market Harborough, LEICS, LE16 8HB; Regd No 0686 4320