## **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. - 1) Once again, the 200 club has been successful – If you would like still to join, please do contact Mary Clarkson or myself. - 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: - - 1) The Stock Market has reduced in value owing to the rise in interest rates affecting especially the Dorothy Smith Bequest capital. - 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**| |---|---|---|---|---|---|---|---|---|---|---|---| |||||**£**
**£**
**£**
**£**
**£**
**£**
**£**|||||||| ||**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**||||||||| ||||**£**|**£**|**£**|**£**|**£**|**£**|**£**| ||**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| |||**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| |||**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| |||**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| |||**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| |**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| |**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