The Parochial Church Council of the Ecclesiastical Parish of St Mary's Lutterworth Registered Charity 1134507 Annual Report For the year ending 31 December 2023
Administrative information
St. Mary’s Church is in Church Street, Lutterworth and is part of the Diocese of Leicester within the Church of England. The correspondence address is St. Mary’s Church, Church Gate, Lutterworth, Leicestershire, LE17 4AN
| LE17 4AN | LE17 4AN | LE17 4AN | |
|---|---|---|---|
| During the year, the following served as members and trustees of the | PCC:- | ||
| Rector | The Rev'd N G Byard | From Jan‘23 | Chairman from Feb‘23 |
| Curates | The Rev’d T E Brown | To Jan‘23 | Vice Chair |
| The Rev’d R E Lowdon | From Sep‘23 | ||
| Reader Ministers | Mrs R Bilton | From Apr‘23 | |
| Dr P Kent | |||
| Church Wardens | Mrs P C Dean | ||
| Dr P Kent | Chairman to Feb‘23 | ||
| Representatives on Deanery Synod |
Mr B Horrex | From Apr‘23 | Associate Pastor |
| Elected and co-opted Members |
Mrs R Byard | From Feb‘23 | |
| Miss H Dargie | To Aug‘23 | ||
| Mr J Dargie | Deputy Churchwarden | ||
| Mrs H Evans | From Feb‘23 | ||
| Mr P W Gray | Treasurer | ||
| Mr B Horrex | To Apr‘23 | Associate Pastor | |
| Mrs L Horrex | |||
| Mrs A Jones | |||
| Dr A Newmark | |||
| Mrs C Topham |
Structure, governance and management
The Parochial Church Council is a corporate body established by the Church of England. It operates under the Parochial Church Council Powers Measure and is a Registered Charity, Number 1134507. St. Mary’s. Lutterworth is part of a Benefice, with St. Mary’s. Bitteswell and St. Mary’s. Cotesbach.
Members of the PCC are either ex-officio trustees (Rector, Curates, Pastoral Assistants and Reader Ministers); or elected as trustees by the Annual Parochial Church Meeting (APCM), or coopted to fill vacancies during the year in accordance with the Church Representation Rules.
The Church maintains an Electoral Roll of members, which stood in January 2023 at 143 and had increased to 155 by December. All church attendees are encouraged to register on the Electoral Roll and are able to stand for election to the PCC. Trustees are initially provided with training material from the Charity Commission and thereafter are given on-the-job training by existing members or extra training by the Diocese. The full PCC met on seven occasions during the year for ordinary business. There were also email votes about appointment of a school governor and replacement of a boiler
The PCC Standing Committee ( required by law) consists of the Rector, Churchwardens, PCC Treasurer, PCC Secretary and one other member elected by PCC, and has power to transact PCC business between meetings, subject to any directions given by PCC. During the Vacancy, the Rector’s place was taken by the Curate. Other sub-committees were structured as needed to address various aspects of the work and life of the Church.
Objectives
The PCC carries out religious activities and provides services, buildings, facilities and open space for the public. It has the responsibility for pursuing the object of promoting in the ecclesiastical parish the whole mission of the Church (pastoral, evangelistic, social and ecumenical). It has responsibility for the maintenance of St. Mary's Church, No.3 Poplar Avenue and the Church Gate
Page 1
St Mary's Lutterworth PCC Annual Report (continued) For the year ending 31 December 2023
Centre. In exercising their duties, the trustees have had due regard to the Charity Commission Guidance on public benefit.
Activities, Achievements & Performance
Following the Vacancy that lasted throughout 2022, the new incumbent, the Reverend Nigel Byard, and his family moved into the Rectory in December, in preparation for his installation in January 2023.
For the first half of the year, the Rector preferred that existing customs and practices should continue, while he familiarised himself with them and the personnel, both paid staff and volunteers, who would be supporting him in conducting Church activities in accordance with the guidelines and laws set out by the Government and the Church of England. As the year progressed, the Rector gradually introduced his working methods to the PCC and wider Church family, as well as familiarising himself with the wider community, especially in relation to various roles that have traditionally fallen within the purview of the Rector.
The PCC provided regular in-person worship, some also live-streamed, with a range of Sunday, weekday and special services using traditional and contemporary liturgy, including Holy Communion, Prayer, Baptism, Marriage, Funeral, Civic and celebratory services. We were privileged to host a Civic service to mark the Coronation of King Charles III in May. The Church was part of the town’s celebrations and exhibitions that were arranged to celebrate the day. A second special service and exhibitions were staged in September to commemorate the 800[th] anniversary of the installation of the first Rector of Lutterworth.
Smaller groups, such as Alpha, Christianity Explored and Life Groups (for home Bible study) resumed in-person meetings. The Church building is open on a daily basis for personal prayer and contemplation. The Church continued to teach and promote Christianity through meetings and events, and also carried out pastoral work including visiting the sick and bereaved. A Summer Club for younger children and a Youth Away Day for older ones were well attended. The Church is proud of its historical connection with John Wycliffe, remembered as the 14[th] century translator of the Bible into English. Many visitors, especially those from overseas, seek out the Church for that reason.
The PCC oversaw two major building projects. The four-bedroom house at 3, Poplar Avenue, Lutterworth, was completely refurbished and relet to tenants. The Church Gate Centre in the Church grounds was being refurbished and repurposed to better serve the Church and the local community, as soon as it was completed early in 2024.
The whole mission of the Church is promoted by providing activities for senior citizens, adults, families and children and young people. Religious assemblies and other activities are provided in the local schools, and support is given to other charities. The Church Café is open five days a week, offering a warm space for social interaction with refreshments, where visitors can seek spiritual support, if wanted. Social action in the community was undertaken through the ongoing provision of a Foodbank. The Church bells are rung regularly and traditional and contemporary forms of music are encouraged. Over 100 volunteers support activities and the regular worshipping community at December was about 310. The facilities are hired out for a range of community groups and events, and the PCC appoints school governors.
The Church maintains an office, open 10 to 12 Monday to Friday, and during the year employed a part-time Church Administrator, a Premises Officer, a groundsman, a cleaner, an Associate Pastor (formerly called Assistant Minister for Youth and Administration), a Foodbank Manager and a Foodbank Operations Supervisor. In addition to the Rector, the Ministry Team included two Curates (one until January and the other from September), an Associate Pastor, a Ministry Trainee (until September) and two licensed Reader Ministers.
Page 2
St Mary's Lutterworth PCC Annual Report (continued) For the year ending 31 December 2023
Our Vision as a Church
St Mary’s Lutterworth is part of the Wycliffe Fellowship that has the aim to be a unified team of congregations supporting one another in our mission to Worship God, to Grow as Disciples of Jesus and to Serve the Local and Wider Community.
-
Worshipping God - We aim to make a priority of focusing on God in our lives through participation in our weekly gatherings, in our personal prayer and our daily lives.
-
Growing Disciples - We aim to follow Jesus Christ with the whole of our lives and are committed to loving and serving each other.
-
Serving Community - We aim to be more than just Christians together on a Sunday, but to be a positive influence in our local community.
The PCC have placed particular emphasis on Children and Young People as we aim to be church for all ages, both now and into the future.
Joining these three aims is a “Hub”,which includes prayer and governance across the team. It encompasses governance through the PCC and its Fabric sub-committee. It also stewards our shared resources, including occasional offices, finance, church buildings and fabric, administration and pastoral care. These resources support and empower the whole team. The “Hub” also includes the church office which provides administrative and practical support to the team.
The PCC also runs the Lutterworth and Villages Foodbank, which provides emergency provision for local people in need.
Financial review
Total receipts on unrestricted and restricted funds were £162,080 (down £99,684) and £350,448 (up £160,762) respectively, and are detailed in the financial statements. A new tenant rented the freehold house at 3 Poplar Avenue in October, and the field off Boneham’s Lane continued to be let; together they provided a gross income of £3,875 unrestricted (down £1,700). Vision Sunday in 2023 did include a financial appeal, and brought in £4,513 restricted donations. Planned giving (including payroll and regular web site giving) raised £96,759 unrestricted (down £4,450) and £27,307 restricted (up £561) after tax recovery. Other notable items are grants (mostly restricted funds) totalling £219,603 (up £126,455) in support of the Lutterworth and Villages Foodbank, Buildings, Church management and Churchyard maintenance. In particular, grants for the Foodbank increased by £1,687 to £72,888, and £121,400 was received towards the refurbishment of the Church Gate Centre. £86,402 worth of food was donated for the Foodbank (up £18,270). Statutory fees due to the PCC at £10,935 increased by £2,225. We received one bequest of £12,500 for the General fund in 2023. Collections in Church were down £330 at £2,914 and unplanned web site giving increased to £6,300 from £3,087. In 2022 the parish weekend brought in £4,903 from those who attended; there was no Parish Weekend in 2023. Sundry donations decreased from £123,413 to £14,576; this was mainly due to the single unrestricted donation of £100,000 received in 2022.
Overall income increased by £61,078.
£267,984 (up £58,889) was spent from unrestricted funds and £327,268 (up £185,713) from restricted funds to provide the Christian ministry from St. Mary’s Church. In addition to services, this includes mission and charity, children youth and schools work, social action, administration, Churchyard maintenance and improvement, and buildings. The Diocesan Parish Gift, which largely provides stipends and housing for the clergy, was £47,000 (up £700), and further additional payments of £3,150 were made to cover the cost of the Curacy extension. Personnel costs were £107,375 (up £33,419); the increase was due to new hires, some back-dated pay scale corrections, and salary increases. Apart from the foodbank, personnel costs have continued to move further towards unrestricted funds following deliberate draw-down of the Ministry Staff fund. The Foodbank issued £90,715 worth of food to clients and other charities (up £17,366); its running costs were £19,991 (up £3,939). We spent £250,719 on Buildings Management (up £206,798); this was dominated by £160,561 spent refurbishing the Church Gate Centre (mostly from restricted grants) and £44,334 spent refurbishing the house a 3 Poplar Avenue (from unrestricted funds).
Page 3
St Mary's Lutterworth PCC Annual Report (continued) For the year ending 31 December 2023
Overall Discipleship costs were £10,934 (down £7,389); significant items were £5,615 on a Ministry Trainee for a partial year (£8,162 last year for a full year), there was no Parish Weekend Away (£4,685 last year), and £2,831 on services (down £1,934). Regular support for overseas mission, through the Crosslinks organisation, continued at £6,000. We also spent £16,450 to support two of our members who are training for overseas mission. Office costs were £8,685 (up £3,199). Costs for Outreach and Welcome were £4,369 (up £816). Work with under-18s cost £4,974 (up £786). £15,940 (up £3,884) was spent on Churchyard maintenance and improvement; this included paying the groundsman we employed until March followed by a new contract with a grounds maintenance company, (supported by grant aid from the Town Council).
Overall expenditure increased by £244,602
There was a deficit before transfers of £105,905 in unrestricted funds and a surplus of £23,180 in restricted funds, after last year’s surpluses.
The moderate decrease in unrestricted planned giving was again disappointing, a few more generous donors having moved away, but there are hints of a future increase following the Vision Sunday appeal. The PCC is continuing to take steps to improve its income and control costs, including emphasis on the need for increased regular giving from our members, and has actively sought most of the grants mentioned above.
The net results for the year, after various transfers between funds and gains or losses on investments (detailed in the financial statements), were a decrease of £110,325 unrestricted funds, an increase of £52,590 restricted funds and a decrease of £37 endowment funds. The balances carried forward (including tangible and investment fixed assets) were £175,430 of unrestricted funds, £498,760 of restricted funds and £13,187 of endowment funds.
Reserves policy
The PCC holds a number of funds, balances and details of which are set out in notes 8e and 13 on pages 18, 19, 21 and 22 of the accounts. Restricted and endowment funds can by law only be applied to the purpose specified; unrestricted funds are available to the PCC to use for any purpose within its objects.
The PCC has adopted a policy to set aside from unrestricted funds a General Reserve fund. This fund is held in reserve to cover risks of significant decline in income, theft of lead from the roof, unplanned repairs to the Church and other properties, unplanned work on trees in the Churchyard and other unplanned expenditure. The risks will be reviewed annually, and the reserve adjusted accordingly. The reserve stood at £66,586 at the beginning of the year; By 31 December it was £44,351, after accrual of interest, some exceptional expenditure, and a transfer to the General fund.
It is our policy to invest our funds balances with CBF Church of England Deposit Fund.
Approved by the Parochial Church Council on 18 March 2024 and signed on its behalf by:
Rev. Nigel Gordon Byard, Rector, PCC Chairman
x
Page 4
St Mary's Lutterworth PCC Statement of Financial Activities For the year ending 31 December 2023
| St Mary's Lutterworth PCC Statement of Financial Activities For the year ending 31 December 2023 |
|||||||
|---|---|---|---|---|---|---|---|
| Note | Unre- stricted Funds £ |
Re- stricted Funds £ |
Endow- ment Funds £ |
TOTAL FUNDS | |||
| 2023 £ |
2022 £ |
||||||
| INCOMING RESOURCES | |||||||
| Voluntary income | 2(a) | 137,898 | 332,976 | – |
470,873 | 419,978 | |
| Activities for generating funds | 2(b) | 636 | – |
– | 636 | 2,323 |
|
| Investment income | 2(c) | 6,706 | 4,785 |
– |
11,491 | 8,529 |
|
| Church activities | 2(d) | 16,840 | 130 |
– |
16,970 | 19,604 |
|
| Other incoming resources | 2(e) | – | 12,557 | – |
12,557 | 1,015 |
|
| TOTAL INCOMING RESOURCES | 162,080 | 350,448 | – |
512,527 | 451,450 | ||
| RESOURCES EXPENDED | |||||||
| Costs of generating funds | 3(a) | 91 | – |
– | 91 | 82 |
|
| Church activities | 3(b) | 264,590 | 325,123 | – |
589,713 | 345,793 | |
| Governance costs | 3(c) | 354 | – |
– | 354 | 337 |
|
| Other resources expended | 3(d) | 2,949 | 2,145 |
– |
5,094 | 4,437 |
|
| TOTAL RESOURCES EXPENDED | 267,984 | 327,268 | – |
595,252 | 350,650 | ||
| NET INCOMING/(OUTGOING) RESOURCES BEFORE TRANSFERS |
(105,905) | 23,180 |
– |
(82,725) | 100,799 | ||
| TRANSFERS BETWEEN FUNDS | |||||||
| Transfers from other funds | 6(a) | 21,846 | 7,968 |
– |
29,814 | 7,382 |
|
| Transfers to other funds | 6(b) | 27,256 | 2,558 |
– |
29,814 | 7,382 |
|
| NET TRANSFERS FROM/(TO) OTHER FUNDS | (5,410) | 5,410 |
– |
– | – | ||
| NET INCOMING/(OUTGOING) RESOURCES | (111,315) | 28,590 |
– |
(82,725) | 100,799 | ||
| GAINS (LOSSES) ON INVESTMENTS | 7(b) | 990 | 24,000 |
(37) |
24,953 |
33,869 |
|
| NET MOVEMENT IN FUNDS | (110,325) | 52,590 |
(37) |
(57,772) | 134,669 | ||
| BALANCES BROUGHT FORWARD AT 1 JANUARY |
285,754 | 446,171 | 13,223 |
745,148 | 610,480 | ||
| BALANCES CARRIED FORWARD AT 31 DECEMBER |
175,430 | 498,760 | 13,187 |
687,377 | 745,148 | ||
Page 5
St Mary's Lutterworth PCC Balance Sheet at 31 December 2023
| Notes | 2023 £ |
2022 £ |
||||
|---|---|---|---|---|---|---|
| FIXED ASSETS | ||||||
| Tangible fixed assets | 7(a), 8(a) | 79,999 | 79,000 | |||
| Investment assets | 7(b), 8(b) | 358,644 | 333,691 | |||
| 438,643 | 412,691 | |||||
| CURRENT ASSETS | 8(c) | |||||
| Debtors | 9 | 21,489 | 21,424 | |||
| Short term deposits | 190,847 | 220,908 | ||||
| Cash at bank and in hand | 52,852 | 96,512 | ||||
| Foodbank stock | 8,702 | 1,225 | ||||
| 273,890 | 340,068 | |||||
| LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR |
8(d),10 | 25,157 | 7,611 | |||
| NET CURRENT ASSETS | 248,733 | 332,457 | ||||
| NET ASSETS | 687,377 | 745,148 | ||||
| FUNDS | 8(e) | |||||
| Unrestricted | 175,430 | 285,754 | ||||
| Restricted | 498,760 | 446,171 | ||||
| Endowment | 13,187 | 13,223 | ||||
| 687,377 | 745,148 | |||||
Approved by the Parochial Church Council on 18 March 2024 and signed on its behalf by:
Rev. Nigel Gordon Byard, Rector, PCC Chairman
x
Mr. Peter William Gray (treasurer)
x
The notes on pages 7 to 23 form part of these accounts
Page 6
St Mary's Lutterworth PCC Notes to the Financial Statements For the year ending 31 December 2023
1 ACCOUNTING POLICIES
The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the SORP 2005
The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.
All amounts shown in the financial statements are rounded to the nearest whole pound.
Funds
Endowment funds are funds, the capital of which must be maintained; only income arising from investment of the endowment may be used either as restricted or unrestricted funds depending upon the purpose for which the endowment was established.
Restricted funds represent (a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and (b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund.
Unrestricted funds are funds which can be used for PCC ordinary purposes. They include the General fund and funds designated by the PCC for specific purposes.
Incoming resources
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 income is recognised.
Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain.
Funds raised by fetes, garden parties and similar events are accounted for gross.
Sales of books and magazines from the church bookstall are accounted for gross.
Rental income from the letting of church premises is recognised when the rental is due.
Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue. Tax recoverable on such income is recognised in the same accounting year.
Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31 December.
Resources used
Grants and donations are accounted for when awarded, whether or not that creates a binding obligation on the PCC.
The parish gift is both accounted for and paid by instalments. Any parish gift unpaid at 31 December is provided for in these financial statements as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet. Any parish gift overpaid at 31 December is provided for in these financial statements as an asset and is shown as a debtor in the Balance Sheet
All other expenditure is generally recognised when incurred and is accounted for gross.
Fixed assets
Consecrated property and movable church furnishings
Consecrated and beneficed property is not included in the accounts in accordance with s.10(2)(a) and (c) of the Charities Act 2011.
Page 7
St Mary's Lutterworth PCC Notes to the Financial Statements (continued) For the year ending 31 December 2023
Movable church furnishings held by the Rector and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church's Inventory which can be inspected (at any reasonable time). For inalienable property acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Items acquired since 1 January 2000 at a cost of £1,000 or more have been capitalised and depreciated in the financial statements over their currently anticipated useful economic life on a straight-line basis.
For Service Books, the anticipated life is 10 years.
All expenditure incurred in the year on consecrated or beneficed buildings, individual items under £1,000 or on the repair of movable church furnishings acquired before 1 January 2000 is written off.
Other fixtures, fittings and office equipment
Equipment used within the church premises is depreciated on a straight line basis over 5 years. Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired.
Investments
Investments are valued at market value at 31 December.
Current assets
Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable.
Short-term deposits include cash held on deposit either with the CBF Church of England Funds or at the bank.
2 INCOMING RESOURCES
| All incoming resources went to the General fund unless otherwise noted |
Unre- stricted Funds £ |
Re- stricted Funds £ |
Endow- ment Funds £ |
TOTAL FUNDS | TOTAL FUNDS | |
|---|---|---|---|---|---|---|
| 2023 £ |
2022 £ |
|||||
| 2(a) | Voluntary income | |||||
| Annual Appeals | ||||||
| Gift aided donations | ||||||
| ▪ Community Centre (R) fund |
– | 2,750 | – |
2,750 | – |
|
| ▪ Foodbank (R) fund |
– | 60 | – |
60 | – |
|
| Income tax recoverable | ||||||
| ▪ Community Centre (R) fund |
– | 688 | – |
688 | – |
|
| ▪ Foodbank (R) fund |
– | 15 | – |
15 | – |
|
| Other Donations | ||||||
| ▪ Community Centre (R) fund |
– | 1,000 | – |
1,000 | – |
|
| Planned giving | ||||||
| Gift aided planned giving | ||||||
| ▪ General fund |
58,828 | – |
– | 58,828 | 62,080 |
|
| ▪ Buildings Improvement (R) fund |
– | – | – | – | 780 | |
| ▪ Foodbank (R) fund |
– | 4,669 | – |
4,669 | 2,798 |
|
| ▪ Ministry Staff (R) fund |
– | 5,625 | – |
5,625 | 6,218 |
|
| Income tax recoverable | ||||||
| ▪ General fund |
14,707 | – |
– | 14,707 | 15,520 |
|
| ▪ Buildings Improvement (R) fund |
– | – | – | – | 195 | |
| ▪ Foodbank (R) fund |
– | 1,167 | – |
1,167 | 699 |
|
| ▪ Ministry Staff (R) fund |
– | 1,406 | – |
1,406 | 1,555 |
|
| Regular Web Giving | ||||||
| ▪ General fund |
6,750 | – |
– | 6,750 | 6,305 |
|
| ▪ Foodbank (R) fund |
– | 7,217 | – |
7,217 | 6,217 |
|
| ▪ Ministry Staff (R) fund |
– | – | – | – | 750 |
Page 8
St Mary's Lutterworth PCC Notes to the Financial Statements (continued) For the year ending 31 December 2023
| All incoming resources went to the General fund unless otherwise noted |
Unre- stricted Funds £ |
Re- stricted Funds £ |
Endow- ment Funds £ |
TOTAL FUNDS | TOTAL FUNDS | |
|---|---|---|---|---|---|---|
| 2023 £ |
2022 £ |
|||||
| 2(a) | Voluntary income (continued) | |||||
| Planned giving (continued) | ||||||
| Regular Web Tax recovered | ||||||
| ▪ General fund |
268 | – |
– | 268 | 202 |
|
| ▪ Foodbank (R) fund |
– | 1,403 | – |
1,403 | 1,179 |
|
| Payroll Giving | ||||||
| ▪ General fund |
8,806 | – |
– | 8,806 | 8,660 |
|
| ▪ Ministry Staff (R) fund |
– | 419 | – |
419 | 395 |
|
| ▪ Mission and Charity (R) fund |
– | 2,950 | – |
2,950 | 3,300 |
|
| Other planned giving | ||||||
| ▪ General fund |
7,398 | – |
– | 7,398 | 8,433 |
|
| ▪ Foodbank (R) fund |
– | 1,500 | – |
1,500 | 2,660 |
|
| Income tax (not previously accrued) | ||||||
| ▪ General fund |
1 | – |
– | 1 | 10 |
|
| ▪ Foodbank (R) fund |
– | 950 | – |
950 | – |
|
| Web Site Giving | ||||||
| Donations | ||||||
| ▪ General fund |
1,170 | – |
– | 1,170 | 300 |
|
| ▪ Events (D) fund |
10 | – |
– | 10 | – |
|
| ▪ Parsonage (D) fund |
– | – | – | – | 100 | |
| ▪ Community Centre (R) fund |
– | 1,500 | – |
1,500 | – |
|
| ▪ Foodbank (R) fund |
– | 3,027 | – |
3,027 | 2,223 |
|
| ▪ Mission and Charity (R) fund |
– | – | – | – | 100 | |
| Tax Recovered | ||||||
| ▪ General fund |
6 | – |
– | 6 | – |
|
| ▪ Community Centre (R) fund |
– | 206 | – |
206 | – |
|
| ▪ Foodbank (R) fund |
– | 380 | – |
380 | 364 |
|
| Collections (open plate) | ||||||
| ▪ General fund |
2,795 | – |
– | 2,795 | 3,116 |
|
| ▪ Events (D) fund |
47 | – |
– | 47 | 56 |
|
| ▪ Foodbank (R) fund |
– | – | – | – | 72 | |
| ▪ Mission and Charity (R) fund |
– | 73 | – |
73 | – |
|
| Grants received | ||||||
| ▪ General fund |
16,058 | – |
– | 16,058 | 13,860 |
|
| ▪ Buildings (D) fund |
268 | – |
– | 268 | 132 |
|
| ▪ Events (D) fund |
500 | – |
– | 500 | 300 |
|
| ▪ Ruth Gee Ministry Support (D) fund |
– | – | – | – | 213 | |
| ▪ Churchyard Maintenance (R) fund |
– | 8,000 | – |
8,000 | 7,000 |
|
| ▪ Community Centre (R) fund |
– | 121,400 | – |
121,400 | – |
|
| ▪ Foodbank (R) fund |
– | 72,888 | – |
72,888 | 71,201 |
|
| ▪ Ministry Staff (R) fund |
– | 488 | – |
488 | 442 |
|
| Legacies received | ||||||
| ▪ General fund |
12,500 | – |
– | 12,500 | – |
|
| ▪ Organ (R) fund |
– | – | – | – | 1,000 | |
| Sundry donations and appeals | ||||||
| Gift aided donations | ||||||
| ▪ General fund |
2,297 | – |
– | 2,297 | 2,211 |
|
| ▪ Events (D) fund |
70 | – |
– | 70 | 50 |
|
| ▪ Parsonage (D) fund |
– | – | – | – | 50 | |
| ▪ Foodbank (R) fund |
– | 2,040 | – |
2,040 | 1,896 |
|
| ▪ Information Technology (R) fund |
– | 2,000 | – |
2,000 | – |
|
| ▪ Missionand Charity (R)fund |
– | – |
– |
– |
170 |
Page 9
St Mary's Lutterworth PCC Notes to the Financial Statements (continued) For the year ending 31 December 2023
| All incoming resources went to the General fund unless otherwise noted |
Unre- stricted Funds £ |
Re- stricted Funds £ |
Endow- ment Funds £ |
TOTAL FUNDS | TOTAL FUNDS | |
|---|---|---|---|---|---|---|
| 2023 £ |
2022 £ |
|||||
| 2(a) | Voluntary income (continued) | |||||
| Sundry donations and appeals (continued) | ||||||
| Income Tax Recoverable | ||||||
| ▪ General fund |
574 | – |
– | 574 | 553 |
|
| ▪ Events (D) fund |
18 | – |
– | 18 | 13 |
|
| ▪ Parsonage (D) fund |
– | – | – | – | 13 | |
| ▪ Foodbank (R) fund |
– | 510 | – |
510 | 474 |
|
| ▪ Information Technology (R) fund |
– | 500 | – |
500 | – |
|
| ▪ Mission and Charity (R) fund |
– | – | – | – | 43 | |
| Candle Box | 82 | – |
– | 82 | 64 |
|
| Wall Box | 395 | – |
– | 395 | 745 |
|
| For Easter Lilies | ||||||
| ▪ Flower (D) fund |
290 | – |
– | 290 | 271 |
|
| Mission Appeals | ||||||
| ▪ Mission and Charity (R) fund |
– | – | – | – | 1,602 | |
| Other Donations | ||||||
| ▪ General fund |
3,086 | – |
– | 3,086 | 109,154 | |
| ▪ Events (D) fund |
30 | – |
– | 30 | 20 |
|
| ▪ Parsonage (D) fund |
– | – | – | – | 10 | |
| ▪ Buildings Improvement (R) fund |
– | – | – | – | 1,000 | |
| ▪ Foodbank (R) fund |
– | 1,741 | – |
1,741 | 3,397 |
|
| ▪ Mission and Charity (R) fund |
– | – | – | – | 1,545 | |
| Income tax (not previously accrued) | ||||||
| ▪ General fund |
943 | – |
– | 943 | 10 |
|
| ▪ Foodbank (R) fund |
– | – | – | – | 125 | |
| Gifts in Kind | ||||||
| ▪ Foodbank (R) fund |
– | 86,402 | – |
86,402 | 68,132 |
|
| 137,898 | 332,976 | – |
470,873 | 419,978 | ||
| 2(b) | Activities for generating funds | |||||
| Functions and Events | ||||||
| ▪ Buildings Improvement (R) fund |
– | – | – | – | 20 | |
| ▪ Foodbank (R) fund |
– | – | – | – | 125 | |
| Hiring out rooms | 540 | – |
– | 540 | 2,030 |
|
| Charitable Trading Income | 96 | – |
– | 96 | 148 |
|
| 636 | – |
– | 636 | 2,323 |
||
| 2(c) | Investment income | |||||
| Dividends on Investments | ||||||
| ▪ Churchyard Trusts Revenue (R) fund |
– | 351 | – |
351 | 349 |
|
| Interest on Deposits | ||||||
| ▪ General fund |
107 | – |
– | 107 | 43 |
|
| ▪ General Reserve (D) fund |
2,134 | – |
– | 2,134 | 805 |
|
| ▪ Parsonage (D) fund |
28 | – |
– | 28 | 14 |
|
| ▪ Ruth Gee Improvements (D) fund |
541 | – |
– | 541 | 527 |
|
| ▪ Other unrestricted funds |
– | – | – | – | 1 | |
| ▪ Bell (R) fund |
– | 175 | – |
175 | 70 |
|
| ▪ Churchyard Trusts Revenue (R) fund |
– | 132 | – |
132 | 50 |
|
| ▪ Community Centre (R) fund |
– | 381 | – |
381 | – |
|
| ▪ Foodbank (R) fund |
– | 3,165 | – |
3,165 | 869 |
|
| ▪ Hardship (R) fund |
– | 200 | – |
200 | 81 |
|
| ▪ Organ (R) fund |
– | 356 | – |
356 | 140 |
Page 10
St Mary's Lutterworth PCC Notes to the Financial Statements (continued) For the year ending 31 December 2023
| All incoming resources went to the General fund unless otherwise noted |
Unre- stricted Funds £ |
Re- stricted Funds £ |
Endow- ment Funds £ |
TOTAL FUNDS | TOTAL FUNDS | |
|---|---|---|---|---|---|---|
| 2023 £ |
2022 £ |
|||||
| Rents etc. | ||||||
| ▪ General fund |
3,875 | – |
– | 3,875 | 3,975 |
|
| ▪ Buildings (D) fund |
– | – | – | – | 1,600 | |
| Interest on tax reclaimed | ||||||
| ▪ General fund |
21 | – |
– | 21 | 3 |
|
| ▪ Other unrestricted funds |
0 | – |
– | 0 | – |
|
| ▪ Foodbank (R) fund |
– | 19 | – |
19 | – |
|
| ▪ Other restricted funds |
– | 4 | – |
4 | 1 |
|
| 6,706 | 4,785 |
– |
11,491 | 8,529 |
||
| 2(d) | Church activities | |||||
| Discipleship | ||||||
| Courses | 228 | – |
– | 228 | – |
|
| Parish weekends | ||||||
| ▪ Events (D) fund |
– | – | – | – | 4,903 | |
| Services | – | – | – | – | 90 | |
| Study Books | 25 | – |
– | 25 | 60 |
|
| Fees due to the PCC (statutory) | 10,935 | 10,935 | 8,710 |
|||
| Fees due to the PCC (Locally set) | ||||||
| ▪ General fund |
579 | – |
– | 579 | 340 |
|
| ▪ Bell (R) fund |
– | 130 | – |
130 | 60 |
|
| Outreach and Welcome | 1,317 | – |
– | 1,317 | 1,612 |
|
| Under 18s work | ||||||
| with Children | ||||||
| ▪ General fund |
1,966 | – |
– | 1,966 | 1,503 |
|
| ▪ Events (D) fund |
1,570 | – |
– | 1,570 | 1,175 |
|
| with Youth | ||||||
| ▪ General fund |
50 | – |
– | 50 | 80 |
|
| ▪ Events (D) fund |
170 | – |
– | 170 | 1,072 |
|
| 16,840 | 130 |
– |
16,970 | 19,604 |
||
| 2(e) | Other incoming resources | |||||
| Stocktaking Adjustments | ||||||
| ▪ Foodbank (R) fund12 |
– | 12,557 |
– |
12,557 |
389 |
|
| Miscellaneous Adjustments | ||||||
| ▪ General fund |
– | – | – | – | 1 | |
| ▪ Buildings (D) fund3 |
– | – |
– |
– |
625 |
|
| ▪ Churchyard Trusts Revenue (R) fund |
– | 0 | – |
0 | – |
|
| – | 12,557 | – |
12,557 | 1,015 |
||
| TOTAL INCOMING RESOURCES | 162,080 | 350,448 | – |
512,527 | 451,450 | |
1 Foodbank stock was re-valued in September 2022, in line with the latest advice from the Trussell Trust.
2 The recorded value of foodbank stock had become out of step with the stock weight, and there was a stocktake in September 2023.
3 When the long-term tenants of 3 Poplar Avenue left in September 2022, their bond was retained against dilapidations.
Page 11
St Mary's Lutterworth PCC Notes to the Financial Statements (continued) For the year ending 31 December 2023
3 RESOURCES EXPENDED
| All resources expended came from the General fund unless otherwise noted |
Unre- stricted Funds £ |
Re- stricted Funds £ |
Endow- ment Funds £ |
TOTAL FUNDS | TOTAL FUNDS | |
|---|---|---|---|---|---|---|
| 2023 £ |
2022 £ |
|||||
| 3(a) | Costs of generating funds | |||||
| Costs of generating voluntary income | 91 | – |
– | 91 | 82 |
|
| 91 | – |
– | 91 | 82 |
||
| 3(b) | Church activities | |||||
| Management-Buildings | ||||||
| New buildings or major works (CGC project) | ||||||
| ▪ General fund |
568 | – |
– | 568 | – |
|
| ▪ General Reserve (D) fund |
11,479 | – |
– | 11,479 | – |
|
| ▪ Ruth Gee Improvements (D) fund |
3,826 | – |
– | 3,826 | 3,200 |
|
| ▪ Buildings Improvement (R) fund |
– | 1,662 | – |
1,662 | 6,040 |
|
| ▪ Community Centre (R) fund |
– | 141,263 | – |
141,263 | – |
|
| ▪ Covid Crisis Action (R) fund |
– | 1,349 | – |
1,349 | – |
|
| ▪ Foodbank (R) fund |
– | 414 | – |
414 | – |
|
| Management-Buildings | ||||||
| New buildings or major works (Poplar project) | ||||||
| ▪ General fund |
1,089 | – |
– | 1,089 | – |
|
| ▪ Ruth Gee Improvements (D) fund |
43,245 | – |
– | 43,245 | – |
|
| Church Major repairs (structure) (arising from quinquennial report) |
– | – |
– |
– |
5,643 |
|
| Church major repairs (installations) | 6,193 | – |
– | 6,193 | – |
|
| Church Running Expenses | 26,089 | – |
– | 26,089 | 18,534 |
|
| Church Maintenance | ||||||
| ▪ General fund |
2,370 | – |
– | 2,370 | 2,524 |
|
| ▪ Organ (R) fund |
– | 653 | – |
653 | – |
|
| Church Improvements | 620 | – |
– | 620 | – |
|
| Church Gate Centre Running Costs | ||||||
| ▪ General fund |
2,689 | – |
– | 2,689 | 2,570 |
|
| ▪ Unrestricted Property (D) fund |
782 | – |
– | 782 | 782 |
|
| ▪ CGC Property (R) fund |
– | 218 | – |
218 | 218 |
|
| Upkeep of 3 Poplar Avenue | ||||||
| ▪ General fund |
1,126 | – |
– | 1,126 | 325 |
|
| ▪ Buildings (D) fund |
2,193 | – |
– | 2,193 | 2,392 |
|
| Parsonage house | ||||||
| ▪ General Reserve (D) fund |
2,890 | – |
– | 2,890 | – |
|
| ▪ Parsonage (D) fund |
– | – | – | – | 1,693 | |
| Management-Churchyard | ||||||
| ▪ General fund |
520 | – |
– | 520 | 1,856 |
|
| ▪ Churchyard Maintenance (R) fund |
– | 15,420 | – |
15,420 | 10,200 |
|
| Management-Church Office | ||||||
| ▪ General fund |
7,589 | – |
– | 7,589 | 5,271 |
|
| ▪ Information Technology (R) fund |
– | 1,097 | – |
1,097 | 216 |
|
| Management-Communications | ||||||
| ▪ General fund |
1,701 | – |
– | 1,701 | 1,842 |
|
| ▪ Covid Crisis Action (R) fund |
– | 1,536 | – |
1,536 | 1,536 |
|
| Discipleship | ||||||
| Ministry Trainees | 5,615 | – |
– | 5,615 | 8,162 |
|
| Courses | 2,102 | – |
– | 2,102 | 391 |
|
| Church at home | 50 | – |
– | 50 | 160 |
|
| Parish Weekends Away | ||||||
| ▪ Events (D) fund |
– | – | – | – | 4,685 | |
| Prayer Events | 20 | – | – |
20 |
– |
Page 12
St Mary's Lutterworth PCC Notes to the Financial Statements (continued) For the year ending 31 December 2023
| All resources expended came from the General fund unless otherwise noted |
Unre- stricted Funds £ |
Re- stricted Funds £ |
Endow- ment Funds £ |
TOTAL FUNDS | TOTAL FUNDS | |
|---|---|---|---|---|---|---|
| 2023 £ |
2022 £ |
|||||
| 3(b) | Church activities (continued) | |||||
| Discipleship (continued) | ||||||
| Resources | 131 | – |
– | 131 | 155 |
|
| Services | ||||||
| ▪ General fund |
2,562 | – |
– | 2,562 | 4,169 |
|
| ▪ Flower (D) fund |
269 | – |
– | 269 | 215 |
|
| ▪ Information Technology (R) fund |
– | – | – | – | 381 | |
| Small groups | 186 | – |
– | 186 | 4 |
|
| Grants (see note 11 for policy and recipients) | ||||||
| Church overseas | ||||||
| Overseas Missions | 6,000 | – |
– | 6,000 | 6,000 |
|
| Relief agencies | ||||||
| ▪ Mission and Charity (R) fund |
– | 0 | – |
0 | 3,441 |
|
| Home Missions etc | ||||||
| ▪ General fund |
13,582 | – |
– | 13,582 | 4,025 |
|
| ▪ Mission and Charity (R) fund |
– | 2,994 | – |
2,994 | 3,300 |
|
| Secular charities | ||||||
| ▪ Mission and Charity (R) fund |
– | 29 | – |
29 | – |
|
| Individuals etc. | ||||||
| ▪ Hardship (R) fund |
– | 20 | – |
20 | 20 |
|
| Outreach and Welcome | 4,369 | – |
– | 4,369 | 3,553 |
|
| Personnel | ||||||
| Gratuities etc. | ||||||
| ▪ General fund |
369 | – |
– | 369 | 15 |
|
| ▪ Foodbank (R) fund |
– | 79 | – |
79 | 62 |
|
| Honoraria | 5 | – |
– | 5 | 5 |
|
| Staff costs | ||||||
| Employment costs | ||||||
| ▪ General fund |
55,749 | – |
– | 55,749 | 45,021 |
|
| ▪ Ruth Gee Ministry Support (D) fund |
– | – | – | – | 2,920 | |
| ▪ Foodbank (R) fund |
– | 38,886 | – |
38,886 | 17,187 |
|
| ▪ Ministry Staff (R) fund |
– | 6,450 | – |
6,450 | 5,856 |
|
| Recruitment | ||||||
| ▪ General fund |
45 | – |
– | 45 | 20 |
|
| ▪ Foodbank (R) fund |
– | 636 | – |
636 | 762 |
|
| Training | ||||||
| ▪ General fund |
139 | – |
– | 139 | 335 |
|
| ▪ Foodbank (R) fund |
– | 185 | – |
185 | – |
|
| ▪ Ministry Staff (R) fund |
– | 313 | – |
313 | 220 |
|
| Working expenses | ||||||
| ▪ General fund |
3,306 | – |
– | 3,306 | 416 |
|
| ▪ Ministry Staff (R) fund |
– | 1,213 | – |
1,213 | 1,137 |
|
| Parish Gift (ordinary) | 47,000 | – |
– | 47,000 | 46,300 |
|
| Parish Gift (curacy extension) | 3,150 | – |
– | 3,150 | 28,444 |
|
| Social Action | ||||||
| Foodbank-in kind | ||||||
| ▪ Foodbank (R) fund |
– | 90,715 | – |
90,715 | 73,349 |
|
| Foodbank-monetary | ||||||
| ▪ Foodbank (R) fund |
– | 19,991 | – |
19,991 | 16,052 |
Page 13
St Mary's Lutterworth PCC Notes to the Financial Statements (continued) For the year ending 31 December 2023
| All resources expended came from the General fund unless otherwise noted |
Unre- stricted Funds £ |
Re- stricted Funds £ |
Endow- ment Funds £ |
TOTAL FUNDS | TOTAL FUNDS | |
|---|---|---|---|---|---|---|
| 2023 £ |
2022 £ |
|||||
| 3(b) | Church activities (continued) | |||||
| Under 18s work | ||||||
| with Children | ||||||
| ▪ General fund |
450 | – |
– | 450 | 134 |
|
| ▪ Events (D) fund |
1,972 | – |
– | 1,972 | 1,260 |
|
| with Families | 222 | – |
– | 222 | 148 |
|
| in Schools | 188 | – |
– | 188 | 44 |
|
| with Youth | ||||||
| ▪ General fund |
1,420 | – |
– | 1,420 | 848 |
|
| ▪ Events (D) fund |
365 | – |
– | 365 | 1,490 |
|
| Shared | 357 | – |
– | 357 | 264 |
|
| 264,590 | 325,123 | – |
589,713 | 345,793 | ||
| 3(c) | Governance costs | |||||
| Independent examiner's fees | 302 | – |
– | 302 | 302 |
|
| Miscellaneous | 35 | – |
– | 35 | 35 |
|
| PCC Meetings etc. | 17 | – |
– | 17 | – |
|
| 354 | – |
– | 354 | 337 |
||
| 3(d) | Other resources expended | |||||
| Bank charges etc. | ||||||
| ▪ General Fund |
145 | – |
– | 145 | 126 |
|
| ▪ Events (D) fund |
49 | – |
– | 49 | 162 |
|
| ▪ Other designated funds |
1 | – |
– | 1 | 1 |
|
| ▪ Mission and Charity (R) fund |
– | – | – | – | 18 | |
| Debts written off | ||||||
| ▪ General Fund12 |
270 | – |
– |
270 |
350 |
|
| ▪ Events (D) fund3 |
500 | – |
– |
500 |
– |
|
| ▪ Buildings Improvement (R) fund4 |
– | – |
– |
– |
23 |
|
| ▪ Covid Crisis Action (R) fund5 |
– | – |
– |
– |
1,537 |
|
| Stocktaking Adjustments | ||||||
| ▪ Foodbank(R)fund6 |
– | 2,145 |
– |
2,145 |
– |
|
| Costs of Vacancy | – | – | – | – | 1,807 | |
| Miscellaneous | 1,984 | – |
– | 1,984 | 413 |
|
| 2,949 | 2,145 |
– |
5,094 | 4,437 |
||
| TOTAL RESOURCES EXPENDED | 267,984 | 327,268 | – |
595,252 | 350,650 | |
- 1 In 2022, unpaid room hire charge.
2 In 2023, unpaid fees and an old unpaid bill
3 In 2023, unclaimable grant for a past event.
4 In 2022, accrued tax on GiftAided sponsored event, without proper supporting evidence.
5 In 2022, float cash for Covid Crisis support teams not recovered after winding up the teams.
6 There was a foodbank stocktake in September 2023.
Page 14
St Mary's Lutterworth PCC Notes to the Financial Statements (continued) For the year ending 31 December 2023
4 STAFF COSTS
| 2023 £ |
2022 £ |
|||||
|---|---|---|---|---|---|---|
| Salaries, Wages, etc. | 92,350 | 64,848 |
||||
| Employer’s National Insurance | 4,823 | 3,481 |
||||
| Employer's Pension Contribution | 3,917 | 2,660 |
||||
| 101,090 | 70,989 |
|||||
During the year, the PCC employed a church administrator, an Associate Pastor, premises officers, a foodbank manager, a foodbank operations supervisor and foodbank pathfinder project learning lead, none of whom earned £60,000 p.a. or more.
5 TRANSACTIONS WITH RELATED PARTIES
The following member of the PCC was paid during the year:; Mr Ben Horrex, £34,231as Associate Pastor. There were no other disclosable transactions in respect of PCC members, persons closely connected with them or other related parties.
6 TRANSFERS BETWEEN FUNDS
| Unre- stricted Funds £ |
Re- stricted Funds £ |
Endow- ment Funds £ |
TOTAL FUNDS | TOTAL FUNDS | ||
|---|---|---|---|---|---|---|
| 2023 £ |
2022 £ |
|||||
| 6(a) | Transfers from other funds | |||||
| From General fund | ||||||
| ▪ to Buildings (D) fund, to cover deficit and close the fund |
236 | – |
– |
236 |
– |
|
| ▪ to Events (D) fund, to cover deficit from events |
316 | – |
– |
316 |
491 |
|
| ▪ to Parsonage (D) fund, annual and additional designation by PCC |
150 | – |
– |
150 |
454 |
|
| ▪ to Ruth Gee Improvements (D) fund, to cover deficit and close the fund |
9,391 |
9,391 | – |
|||
| ▪ to Ruth Gee Ministry Support (D) fund, to cover deficit and close the fund |
– | – |
– |
– |
1,367 |
|
| ▪ to Churchyard Maintenance (R) fund, to make up shortfall in income compared to expenditure |
– | 6,970 |
– |
6,970 |
2,801 |
|
| From General Reserve(D)fund | ||||||
| ▪ General fund,topart cover capital spending |
10,000 | – |
– |
10,000 |
– |
|
| From Buildings(R)fund,to close the fund | ||||||
| ▪ Buildings Improvement (R) fund, to part cover deficit |
– | 64 |
– |
64 |
– |
|
| From CommunityCentre(R)fund | ||||||
| ▪ to Buildings Improvement (R) fund, to cover deficit and close the fund |
– | 480 |
– |
480 |
– |
|
| ▪ to Covid Crisis Action (R) fund, to cover deficit and close the fund |
– | 4 |
– |
4 |
– |
|
| From Churchyard Trusts Revenue(R)fund | ||||||
| ▪ to Churchyard Maintenance (R) fund, towards costs |
– | 450 |
– |
450 |
399 |
|
| From Events (D) fund | ||||||
| ▪ To General fund, surplus from events |
193 | – |
– | 193 | 280 |
|
| From Foodbank (R) fund | ||||||
| ▪ to General fund,contribution for use of CGC |
1,560 | – |
– |
1,560 |
1,590 |
|
| 21,846 | 7,968 |
– |
29,814 |
7,382 |
||
Page 15
St Mary's Lutterworth PCC Notes to the Financial Statements (continued) For the year ending 31 December 2023
| Unre- stricted Funds £ |
Re- stricted Funds £ |
Endow- ment Funds £ |
TOTAL FUNDS | TOTAL FUNDS | ||
|---|---|---|---|---|---|---|
| 2023 £ |
2022 £ |
|||||
| 6(b) | Transfers to other funds | |||||
| To General fund | ||||||
| ▪ from General Reserve (D) fund |
10,000 | – |
– | 10,000 | – |
|
| ▪ from Events (D) fund |
193 | – |
– | 193 | 280 |
|
| ▪ from Foodbank(R)fund |
– | 1,560 |
– |
1,560 |
1,590 |
|
| To Buildings(D)fund | ||||||
| ▪ from General fund |
236 | – |
– |
236 |
– |
|
| To Buildings Improvement(R)fund | ||||||
| ▪ from Buildings(R)fund |
– | 64 |
– |
64 |
– |
|
| ▪ from CommunityCentre(R)fund |
– | 480 |
– |
480 |
– |
|
| To Covid Crisis Action(R)fund | ||||||
| ▪ from CommunityCentre(R)fund |
– | 4 |
– |
4 |
– |
|
| To Churchyard Maintenance(R)fund | ||||||
| ▪ from General fund |
6,970 | – |
– |
6,970 |
2,801 |
|
| ▪ from Churchyard Trusts Revenue(R)fund |
– | 450 |
– |
450 |
399 |
|
| To Events (D) fund | ||||||
| ▪ from General fund |
316 | – |
– |
316 |
491 |
|
| To Parsonage (D) Fund | ||||||
| ▪ from General fund |
150 | – |
– | 150 | 454 |
|
| To Ruth Gee Improvements(D)fund | ||||||
| ▪ from General fund |
9,391 | – |
– |
9,391 |
– |
|
| To Ruth Gee MinistrySupport(D)fund | ||||||
| ▪ from General fund |
– | – |
– |
– |
1,367 |
|
| 27,256 | 2,558 |
– |
29,814 |
7,382 |
||
| NET TRANSFERS FROM/(TO)OTHER FUNDS | (5,410) | 5,410 | – |
– |
– |
|
Page 16
St Mary's Lutterworth PCC Notes to the Financial Statements (continued) For the year ending 31 December 2023
7 FIXED ASSETS FOR USE BY THE PCC
| Freehold Land and Buildings1 £ |
Freehold Land and Buildings1 £ |
Church Equipment2 £ |
Church Equipment2 £ |
Total £ |
||||
|---|---|---|---|---|---|---|---|---|
| 7(a) | Tangible fixed assets | |||||||
| ACTUAL/DEEMED COST | At 1 January | 95,000 | 32,727 | 127,727 | ||||
| Disposals | – | 1,955 | 1,955 |
|||||
| Additions at cost | – | 2,499 | 2,499 |
|||||
| At 31 December | 95,000 | 33,271 | 128,271 | |||||
| DEPRECIATION | At 1 January | 16,000 | 32,727 | 48,727 |
||||
| Withdrawn on disposals | – | 1,955 | 1,955 |
|||||
| Charge for the year | 1,000 | 500 | 1,500 |
|||||
| At 31 December | 17,000 | 31,272 | 48,272 |
|||||
| NET BOOK VALUE | At 31 December | 78,000 | 1,999 | 79,999 |
||||
| Freehold Land and Buildings3 £ |
Freehold Land and Buildings3 £ |
CBF Investment Account4 £ |
CBF Investment Account4 £ |
Other Securities5 £ |
Other Securities5 £ |
Total £ |
||
|---|---|---|---|---|---|---|---|---|
| 7(b) | Investment fixed assets | |||||||
| Market value–1 January | 321,935 | 11,736 | 20 | 333,691 | ||||
| Net gains (losses) on annual revaluation | ||||||||
| ▪ Churchyard Trusts Capital (E) fund |
– | (37) | – | (37) | ||||
| ▪ Poplar Avenue Property (R) fund |
24,000 | – | – | 24,000 | ||||
| ▪ Unrestricted Property (D) fund |
990 | – | – | 990 | ||||
| Market value–31 December | 346,925 | 11,699 | 20 | 358,644 | ||||
1 The tangible Freehold Land and Buildings comprises the Church Gate Centre, purchased in September 2006. After major refurbishment during 2023 and early 2024, the property was re-valued. This will be reflected in the 2024 accounts.
2 The Church Equipment comprises Mission Praise hymnbooks purchased in 2004 (half disposed of by 2023); radio microphones and computers purchased in 2007 (computers disposed of in 2023); a printer/copier and an electronic organ purchased in.2012; a projector purchased in 2014; a sound mixing desk with stage box purchased in 2016; a projector screen purchased in 2018; and a cooker purchased in 2023.
3 The investment freehold land and buildings comprise 3 Poplar Avenue (valuation obtained from Hind Estates), and a field off Boneham’s Lane near Milords Farm (estimated value provided by the tenant based on the current value of agricultural land in the locality).
4 The holdings in CBF investment account are 568 shares. They are held by the diocese as custodian trustees of various Churchyard Trusts.
5 The other securities are valued at nominal value. The CBF shares and other securities are held by the diocese as custodian trustees of various Churchyard Trusts.
Page 17
St Mary's Lutterworth PCC Notes to the Financial Statements (continued) For the year ending 31 December 2023
8 ANALYSIS OF NET ASSETS BY FUND
| Unre- stricted Funds £ |
Re- stricted Funds £ |
Endow- ment Funds £ |
TOTAL FUNDS | TOTAL FUNDS | ||
|---|---|---|---|---|---|---|
| 2023 £ |
2022 £ |
|||||
| 8(a) | Tangible Fixed Assets | |||||
| ▪ General fund |
1,999 | – |
– | 1,999 | – |
|
| ▪ Unrestricted Property (D) fund |
61,011 | – |
– | 61,011 | 61,793 |
|
| ▪ CGC Property (R) fund |
– | 16,989 | – |
16,989 | 17,207 |
|
| Total Tangible Fixed Assets | 63,010 | 16,989 |
– |
79,999 | 79,000 |
|
| 8(b) | Investment Fixed Assets | |||||
| ▪ Unrestricted Property (D) fund |
56,925 | – |
– | 56,925 | 55,935 |
|
| ▪ Poplar Avenue Property (R) fund |
– | 290,000 | – |
290,000 | 266,000 | |
| ▪ Churchyard Trusts Capital (E) fund |
– | – | 11,719 | 11,719 |
11,756 |
|
| Total Investment Fixed Assets | 56,925 | 290,000 | 11,719 |
358,644 | 333,691 | |
| 8(c) | Current Assets | |||||
| ▪ General fund |
15,554 | – |
– | 15,554 | 69,077 |
|
| ▪ General Reserve (D) fund |
44,351 | – |
– | 44,351 | 66,586 |
|
| ▪ Buildings (D) fund |
– | – | – | – | 622 | |
| ▪ Events (D) fund |
(150) | – |
– | (150) | 199 |
|
| ▪ Flower (D) fund |
597 | – |
– | 597 | 577 |
|
| ▪ Parsonage (D) fund |
178 | – |
– | 178 | 302 |
|
| ▪ Ruth Gee Improvements (D) fund |
– | – | – | – | 37,140 | |
| ▪ Bell (R) fund |
– | 5,766 | – |
5,766 | 5,461 |
|
| ▪ Buildings (R) fund |
– | – | – | – | 64 | |
| ▪ Buildings Improvement (R) fund |
– | – | – | – | 1,115 | |
| ▪ Churchyard Trusts Revenue (R) fund |
– | 1,832 | – |
1,832 | 1,799 |
|
| ▪ Community Centre (R) fund |
– | 4,751 | – |
4,751 | – |
|
| ▪ Covid Crisis Action (R) fund |
– | – | – | – | 2,881 | |
| ▪ Foodbank (R) fund |
– | 176,628 | – |
176,628 | 131,091 | |
| ▪ Freeman (R) fund |
– | 55 | – |
55 | 55 |
|
| ▪ Hardship (R) fund |
– | 6,407 | – |
6,407 | 6,227 |
|
| ▪ Information Technology (R) fund |
– | 1,548 | – |
1,548 | 144 |
|
| ▪ Ministry Staff (R) fund |
– | 3,677 | – |
3,677 | 3,730 |
|
| ▪ Mission and Charity (R) fund |
– | 250 | – |
250 | 255 |
|
| ▪ Organ (R) fund |
– | 10,979 | – |
10,979 | 11,276 |
|
| ▪ Churchyard Trusts Capital (E) fund |
– | – | 1,468 | 1,468 |
1,468 |
|
| Total current assets | 60,530 | 211,893 | 1,468 |
273,890 | 340,068 | |
| 8(d) | Current Liabilities | |||||
| ▪ General fund |
5,036 | – |
– | 5,036 | 6,175 |
|
| ▪ Parsonage (D) fund |
– | – | – | – | 302 | |
| ▪ Community Centre (R) fund |
– | 18,573 | – |
18,573 | – |
|
| ▪ Foodbank (R) fund |
– | 1,242 | – |
1,242 | 806 |
|
| ▪ Ministry Staff (R) fund |
– | 56 | – |
56 | 74 |
|
| ▪ Mission and Charity (R) fund |
– | 250 | – |
250 | 255 |
|
| Total Current Liabilities | 5,036 | 20,121 |
– |
25,157 | 7,611 |
|
Page 18
St Mary's Lutterworth PCC Notes to the Financial Statements (continued) For the year ending 31 December 2023
| Unre- stricted Funds £ |
Re- stricted Funds £ |
Endow- ment Funds £ |
TOTAL FUNDS | TOTAL FUNDS | ||
|---|---|---|---|---|---|---|
| 2023 £ |
2022 £ |
|||||
| 8(e) | Fund Balances | |||||
| ▪ General fund |
12,517 | – |
– | 12,517 | 62,902 |
|
| ▪ General Reserve (D) fund |
44,351 | – |
– | 44,351 | 66,586 |
|
| ▪ Buildings (D) fund |
– | – | – | – | 622 | |
| ▪ Events (D) fund1 |
(150) | – | – |
(150) |
199 | |
| ▪ Flower (D) fund |
597 | – |
– | 597 | 577 |
|
| ▪ Parsonage (D) fund |
178 | – |
– | 178 | – |
|
| ▪ Ruth Gee Improvements (D) fund |
– | – | – | – | 37,140 | |
| ▪ Ruth Gee Ministry Support (D) fund |
– | – | – | – | – | |
| ▪ Unrestricted Property (D) fund |
117,936 | – |
– | 117,936 | 117,728 | |
| ▪ Bell (R) fund |
– | 5,766 | – |
5,766 | 5,461 |
|
| ▪ Buildings (R) fund |
– | – | – | – | 64 | |
| ▪ Buildings Improvement (R) fund |
– | – | – | – | 1,115 | |
| ▪ CGC Property (R) fund |
– | 16,989 | – |
16,989 | 17,207 |
|
| ▪ Chaplaincy (R) fund |
– | – | – | – | – | |
| ▪ Churchyard Maintenance (R) fund |
– | – | – | – | – | |
| ▪ Churchyard Trusts Revenue (R) fund |
– | 1,832 | – |
1,832 | 1,799 |
|
| ▪ Community Centre (R)fund2 |
– | (13,822) | – | (13,822) | – | |
| ▪ Covid Crisis Action (R) fund |
– | – | – | – | 2,881 | |
| ▪ Foodbank (R) fund |
– | 175,386 | – |
175,386 | 130,285 | |
| ▪ Freeman (R) fund |
– | 55 | – |
55 | 55 |
|
| ▪ Hardship (R) fund |
– | 6,407 | – |
6,407 | 6,227 |
|
| ▪ Information Technology (R) fund |
– | 1,548 | – |
1,548 | 144 |
|
| ▪ Ministry Staff (R) fund |
– | 3,621 | – |
3,621 | 3,657 |
|
| ▪ Mission and Charity (R) fund |
– | – | – | – | – | |
| ▪ Organ (R) fund |
– | 10,979 | – |
10,979 | 11,276 |
|
| ▪ Poplar Avenue Property (R) fund |
– | 290,000 | – |
290,000 | 266,000 | |
| ▪ Churchyard Trusts Capital (E) fund |
– | – | 13,187 | 13,187 |
13,223 |
|
| Total Fund Balances | 175,430 | 498,760 | 13,187 |
687,377 | 745,148 | |
| 9 DEBTORS |
||||||
| 2023 £ |
2022 £ |
|||||
| Income tax recoverable3 | 13,819 | 12,881 | ||||
| Prepayments | 4,480 | 5,102 | ||||
| Other Debtors | 3,191 | 3,440 | ||||
| 21,489 | 21,424 | |||||
1 The Events (D) fund was in deficit at the end of 2023. This was due to having paid the deposit for the 2023 Youth Weekend Away, which was later postponed to 2024.
2 The Community Centre (R) fund was in deficit at the end of 2023. This should be corrected during 2024 through further income or by transfer from reserves.
3 One claim (for the year 2021) was made and received in 2022, with £12,933 recovered. One claim (for the year 2021) and two claims (for the year 2022) were made and received in 2023.
Page 19
St Mary's Lutterworth PCC Notes to the Financial Statements (continued) For the year ending 31 December 2023
10 LIABILITIES FALLING DUE WITHIN ONE YEAR
| 2023 £ |
2022 £ |
|||||
|---|---|---|---|---|---|---|
| Creditors for goods and services | 22,269 | 4,893 | ||||
| Other Creditors | 2,888 | 2,718 | ||||
| 25,157 | 7,611 | |||||
11 GRANTS POLICY AND RECIPIENTS
The collections at certain services are announced as being for specific missions or charities. The PCC also occasionally receives donations earmarked for specific missions or charities. All such funds are sent to the specified recipient.
In 2018 the PCC started a 3-year commitment to support two missionary families in Africa and Spain, through the Crosslinks organisation. This has been extended four more years to 2024
In 2022 two members of the church began training for overseas mission. The PCC is supporting them financially during their training period, which is currently expected to be three years.
From time to time the PCC organises or hosts events to raise funds for specific missions or charities.
From time to time the PCC makes grants to specific missions or charities, in response to requests for donations.
From time to time the PCC makes grants to individuals, to assist in cases of hardship, using funds given for that purpose.
Recipients are detailed below.
Recipients
| 2023 £ |
2022 £ |
|||||
|---|---|---|---|---|---|---|
| Community of the Tree of Life | 100 | – | ||||
| Crosslinks Milsom | 3,000 | 3,000 | ||||
| Crosslinks Moody | 3,000 | 3,000 | ||||
| Sam & Bianca Duffin (Mission Training) | 16,450 | 7,300 | ||||
| UFM Worldwide–Kairos (Ukraine refugees) | 0 | 3,441 | ||||
| Leicester DG Bell Restoration Fund | 25 | 25 | ||||
| RBL Poppy Appeal | 29 | – | ||||
| Individuals (Social Need) | 20 | 20 | ||||
| 22,624 | 16,786 | |||||
12 SOCIAL ACTION
As well as the charitable giving described above, the PCC operates a Foodbank affiliated with the Trussell Trust. Grants were paid to the national charity to assist with their work in providing the central support for this activity, but have been suspended by the Trust since 2021. Food and other necessities received mostly as donations in kind are distributed to clients requesting assistance, with some going to other charities or to waste
Recipients
| 2023 £ |
2022 £ |
|||||
|---|---|---|---|---|---|---|
| Clients | 88,360 | 70,709 | ||||
| Other charities etc. | 613 | 695 | ||||
| Out of date and spoiled | 1,741 | 1,945 | ||||
| 90,715 | 73,349 | |||||
Page 20
St Mary's Lutterworth PCC Notes to the Financial Statements (continued) For the year ending 31 December 2023
13 FUND DETAILS
The restricted funds comprise:-
The Bell (R) fund. This consists of funds given for the purpose of maintaining the Church Bells.
The Buildings (R) fund. This consists of old funds held for the purpose of maintaining the Church Properties (3 Poplar Avenue and the Church Gate Centre), and for maintaining and improving Church Facilities. In 2023 the fund was exhausted and closed.
The Buildings Improvement (R) fund. This consists of funds raised for the purpose of major improvements to the Church and Church Gate Centre. In 2023 the fund was exhausted and closed.
The CGC Property (R) fund. This represents that part of the value of the Church Gate Centre which was bought using funds released through the sale of the old Church Hall
The Chaplaincy (R) fund. This consists of funds received for the purpose of supporting the Chaplain in Lutterworth College. Use of this fund was discontinued in 2020 when the Chaplain was directly employed by the College.
The Churchyard Maintenance (R) fund. This consists of funds received by grant and donation for the purpose of maintaining the churchyard
The Churchyard Trusts Revenue (R) fund. This consists of accumulated income from the Churchyard Trusts Capital (E) fund, to be used for maintenance of the churchyard.
The Community Centre (R) fund. This consists of funds raised by grant and donation for the purpose of refurbishing the Churchgate Centre and transforming it into the Churchgate Community Centre.
The Covid Crisis Action (R) fund. This consists of funds received by grant for the purpose of supporting people sheltering and shielding during the Covid19 pandemic. In 2022 the residue of this fund was re-purposed to more general community related projects. In 2023 the fund was exhausted and closed.
The Foodbank (R) fund. This consists of funds raised for the purpose of setting up and running the Lutterworth and Villages Foodbank
The Freeman (R) fund. This consists of funds given for the purpose of re-gilding the letters and figures and heraldic arms on and generally maintaining in good order and condition the “Freeman” tablet in the chancel of the Church.
The Hardship (R) fund. This consists of funds given to assist in cases of hardship. It was formed in 2012 on the closure of two small local charities for the poor, and subsequently augmented by other donations.
The Information Technology (R) fund. This consists of funds given for the purpose of providing computing, communications and multimedia equipment for the Church.
The Ministry Staff (R) fund. This consists of funds raised for the purpose of employing paid staff in the Church’s various ministries, including but not limited to Assistant, Children and Families, and Youth work.
The Mission and Charity (R) fund. This consists of funds raised through collections at particular services, and by appeal or donation, specifically to be given to missions and charities.
The Organ (R) fund. This consists of funds given for the purpose of maintaining and restoring the Church Organ.
The Poplar Avenue Property (R) fund. This represents the value of 3 Poplar Avenue, since it was originally purchased as a Curate’s House, using the proceeds of the sale of Havelock House, which had been given to the PCC as a Curate’s House
Page 21
St Mary's Lutterworth PCC Notes to the Financial Statements (continued) For the year ending 31 December 2023
The endowment fund comprises:-
The Churchyard Trusts Capital (E) fund. This is a collection of small trusts the income of which is to be used for the maintenance of the churchyard. This fund is held by the diocese, and the income from it is paid into the Churchyard Trusts Revenue (R) fund.
The unrestricted funds comprise the General fund, and the following designated funds:-
The General Reserve (D) fund. This consists of funds set aside by the PCC as a reserve to cover various contingencies as detailed in the Reserves Policy
The Buildings (D) fund. This consists of funds designated by the PCC from the General fund, for the upkeep of the various buildings. This fund was exhausted and closed in 2023.
The Events (D) fund. Some events organised by the PCC (such as Parish Weekends Away) involve significant income and expenditure, but are largely self-financing, or are for fund-raising purposes but have related costs.. Sometimes the income and expenditure may be in different years. This fund is used to separate such monies from routine income and expenditure, with any surplus or shortfall transferred to or from the general fund.
The Flower (D) fund. This consists of funds designated by the PCC from the General fund, for the purpose of buying flowers to decorate the Church, including donations for Easter Lilies
The Parsonage (D) fund. This consists of funds designated by the PCC, for the purpose of maintaining the decoration of the Parsonage House (Rectory) and providing for minor repairs and maintenance. This fund was opened in 2021 by transfer of the balance of the Parsonage (R) fund on its closure
The Ruth Gee Improvements (D) fund. This consists (initially) of half the legacy received from Ruth Gee, designated by the PCC for the purpose of improving facilities in the Church. This fund was exhausted and closed in 2023.
The Ruth Gee Ministry Support (D) fund. This consists (initially) of half the legacy received from Ruth Gee, designated by the PCC for the purpose of supporting the ministry of the Church. This fund was exhausted and closed in 2022.
The Unrestricted Property (D) fund. This represents the value of property which does not have restrictions on it. It currently includes that part of the value of the Church Gate Centre which was bought using the Ruth Gee Ministry Support (D) fund, and the field off Boneham’s Lane.
Page 22
St Mary's Lutterworth PCC Notes to the Financial Statements (continued) For the year ending 31 December 2023
14 FUNDS HANDLED BY THE PCC AS AGENT FOR THIRD PARTIES
Fees due to the Diocesan Board of Finance are received by the PCC, and forwarded to the DBF after deducting amounts claimed by Readers and non-stipendiary Clergy. From time to time, other fees are received by the PCC and passed on to other PCCs in the area (usually Bitteswell and Cotesbach), or to the organist, verger, etc. at weddings and funerals. Occasionally, the PCC acts as agent for other PCCs in the area, or for individuals, in the purchase of goods such as altar supplies and stationery. Although these funds do not come under the accounts of the PCC, they are recorded here for information.
| 2023 £ |
2022 £ |
|||||
|---|---|---|---|---|---|---|
| INCOMING RESOURCES | ||||||
| Fees Due to DBF | 7,236 | 7,365 | ||||
| Local Fees (not PCC) | 4,267 | 2,071 | ||||
| Other Transit Fees | 1,783 | 4,128 | ||||
| Other Transit receipts (not fees) | 1,637 | 1,749 | ||||
| Miscellaneous Adjustments | 733 | – | ||||
| TOTAL INCOMING RESOURCES | 15,656 | 15,314 | ||||
| RESOURCES EXPENDED | ||||||
| DBF fees claimed by Readers etc. | 598 | 1,967 | ||||
| DBF fees to Diocese | 6,638 | 5,398 | ||||
| Local Fees (not PCC) | 4,267 | 2,071 | ||||
| Other Transit Fees | 1,783 | 4,128 | ||||
| Other Transit Payments (not fees) | 1,637 | 1,749 | ||||
| Debts written off | 733 | – | ||||
| TOTAL RESOURCES EXPENDED | 15,656 | 15,314 | ||||
| NET MOVEMENT IN FUNDS | – | – | ||||
| BALANCE BROUGHT FORWARD AT 1 JANUARY |
– | – | ||||
| BALANCE CARRIED FORWARD AT 31 DECEMBER |
– | – | ||||
| CURRENT ASSETS | ||||||
| Debtors | 584 | 1,686 | ||||
| Cash and Bank Accounts | 505 | (1,671) | ||||
| 1,089 | 15 | |||||
| LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR |
||||||
| Creditors | 1,089 | 15 | ||||
| 1,089 | 15 | |||||
| NET ASSETS | – | – | ||||
Page 23
Independent Examiner's Report to the PCC of St. Mary's, Luttenvorth This Report on the financial stat¢ments of the PCC for the year cnded 31 st December 2023, which are sel out oil paTre% I tc) 23, 18 in re5PCCt of an examination carrTed out in accordancc witli the Cl)ureli A¢¢ounting Regulations 2006 ("Ihc Regulations") and Section 132 of tlie Charili¢s 2011 ("Ihe Act"). Respective responsibilities of the PCC and the Examiner As mLinbers of Il)e PCC jou are responsible for the preparation of the financial statements; you considLr that the audit requirements of the Regulations and Section 144(2) of Il)¢ Act do not apply. It 1£ my responsibility lo issue Ehis Rcport oli those financial statemcnts ii) ac¢ordance with tl)¢ ternis of Regiilalions. Basis of Independent Examiner's Report examinati()n was C£irri¢d out 111 accordance ivith the General Dire¢tions given by the Charity Coinmission. I'hat examination iiicludes a r¢'1cW of the aciounting) records kept by the PCC and a comparisoii of the accotsiils with tho_%e r¢Lords. It also includes consid¢ring any unusual itenis or disLlosures in th¢ fin2( ncial statcments and seeking explanatioiis from you as trustces coi)cerningF aiiy suLh matter8. Thc procedLir¢s uiidertaken do not proN'ide all ihl evideiice tl)at 'OUld be required in an audit. and Lonsequently I do not Cxpress an audit opinion on the vicw given by the accounts. Independent Examiner's Statement In conneciion with Iny examination, no niatters hav¢ come to my attention.. (i) whi¢li give me reasonable cause to believe that in any materi&l respLCt the requirements • to keep accounting records in accordance '1th Section 130 of the Act,. and to prepare finciiicial %latcments, which accord with thL accounting records and comply ivith Ilie reqiiiremciits of the Act and the Regyulations have not been met; or (2} to NNhich: in my ()pinion. attentioii should be draivn in order to enable a proper uiiderstaiiding ol-the accounts (o be I'Lached. Caroline Dexler Bsc (Hons), FCA For And On Behalf ot Barkers Accouiitaijts Limited Cliic rtered Accountanls and Statutory Auditors Street Asliton fam)house Strctton under Fosse Ruujby. War¥vicksliire CV23 OPH 4th April 2024