PAROCHIAL CHURCH COUNCIL OF ST. LEONARD, WOLLATON ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Charity Number 1134834
PAROCHIAL CHURCH COUNCtL OF ST. LEONARD, WOLLATON ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The truste¢$ present their report and financial statements for th¢ year ended 31 December 2024. The finan¢tal statements have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with the Charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities.- statem¢nt of recommended Practice applicable to charities prepartng their accounts accordance with the Financial R¢porting Standard applicable in the UK and Republic of Ireland . OUR OBJECTIVES AND ACTtVlTIES The objects of the Parochial Church Council are.. - To provide a place of worship where Christia8 can meet to share their faith, increase knowledge, and broaden their wmmilmenl. 2. To b¢ effective in the local community by providing services and facilities as appropriat. Our Mission41 Vocadon: Living for Jesus Our Vision". Our vÉsion is.. To be a joyfvl and vibrant church empowered by Èhe Holy Spirit. ¢ommitt¢d to sharing God's love with the wtder community, welcoming partnership with others, so that all may b¢ drawn xnto the abundant life of Christ. The main 8ctivkty is the holding of Cbristian religious s¢Nice and related activities each week for the benefit of Wollaton and the SuOUdIng area. The Parochia5 Church Council is dependent on offerings received from its congregatloll and donations made. Many of the weekly artivities are by volunteers who are members of the church and without their commitment given as volunteers the church would not function ¢ffeclively. Th¢ PCC fornially reviews and agrees priorittes; our planllcd priorities from 2011 were agreed as.. Building the next generation of church Building relationships with people who find themselves in marginal and vulnerable situations 3. Building authentic community PUBLIC BENEFIT As stated above the objects of th¢ Parochial Church Council are to promote worship and related activities for the bencfit of the local community. Th¢ Truste¢s confirm that they have complied with their duties undcr s¢¢tion 17 of the 2011 Charities Act regarding Public Benefit. ACHIEVEMENTS AND PERFORMANCE Church attendance The year 2024 opened with 281 names on the Electoral Roll {295 in 2023). The electoral roll is revts¢d annually for the APCM and was 264 at the May 2024 APCM (192 resident and 72 non-resident).
PAROCHIAL CHURCH COUNCIL OF ST. LEONARD, WOLLATON ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (kcasional offl¢e8 In 2024 7 baptisms were perfonned. There were 3 marriage5 and 2 vow renewals. A total of16 funerals were perfornied by the clergy. No candidates were prepared for confirmation and no children were admitted to Communion. Hon. Secretary's Revlew of 2024 Regular meetings held Bi-monthly of the Parochial Church Counctl and Standing Committee and Resow¢es team. Key decisions made include: The Chur¢h operates with a signtficanl deficit (spending approximately 250/t) more than r¢gulor givingl. Efforts focused on increasing planned giving and other ndraisIng initiatives. R¢gulaT givin8 in¢r¢as¢d by £23.700 following giviDg campaign. D¢cisioll5 were made to maiTrtain the parish share at the same level as previous year. Major attention given t4) building maintenance and repairs following th¢ Quinquennial Inspection Report. Ongoing discussions re Rectory bedgeltree maintenanc¢ reSp)nSiblties. Lindy g&ves regular upd#t¢s on children and family activities. Challenges faced with volunteer recruitment and the needs of older children transitioning to senior h0O1. PCC approved increased hours to develop work with 11-16 year olds. We secured £20,000 kn Strategi¢ Development Funding for children's ministy. Discussion of England's 'Prayers of Love and Faith, regarding same-sex bless&ngs. with emphasis o careful consideration. awailing clearer positions at national levcl. Relnstatement of the common cup at Communion. Appointment of Helen Robbifjs to the Flonorary Verger role. ReiDststement of tbe &ft¢rnoon service and update of lay communion assistants. 'Collnected to Cot))n)itt¢d' initiative launched lo help mov¢ people from Church connectiolls to deeper commitmenl lo Christ Review and fornial adoption of Safeguarding policies for Children and Young People and Vulnerable Adults. Th¢ PCC continues to focus on sustainabl¢ finoncial managemenL growing discipleship, supporting faDiilies and children's n3inistry. and maintaiDing the church btsilding a5 it seryes the community. I would like to thank Natasha for the amazing job she does in the office to support us all at St Leonards md myself wilh the APCM Report. Also Gtll Moor¢ for her susthlncd commitment to us as our Minute Secretary we would be lost without herl Carol Barber (Hon Secretary)
PAROCHIAL CHURCH COUNCIL OF ST. LEONARD, WOLLATON ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 FANCIAL REVtEW Treasurer's Report for the year 2024 2024 marked a year of continued stabilisalion following the chall¢ng¢s of the pandemic years. While financial pressures remain, including a signtficant operating shortfall, St Leonard's c(pnlinu¢d to be blessed by th¢ faiththl and generous giving by our congregation. Notably, the response to the January 2024 Giving Campaign was an espeeially encouraging si8n that we were moving to close the gap which would othenvise hav¢ been notably larger. One signifi¢ant financial decision this year was to mov¢ the cost of our Families and Children's Worker from restiicted funds into the regular operating budget. This change reflects our commitment to strengthen and deve5op ministry with younger generations and reach out to th¢ wid¢r community. By incorporating this role into ihe regular budgeL we ar¢ ensuring it is sustained through th¢ ongoing support of the congregation, reflecting our shared committneut to the church's mission. Investment v*lut Th¢ value of our investments saw a modest increase of £3.450 (2023= £12,966). Overall fin¥n¢ial position for 2024 Despite the increased shvrtfall, the church's overdll financial position has been supported by generous legacies Irom pr¢vious y¢ars. A £10,000 legacy was received thi¥ ycar. with th¢ cxpressed wish that li be Used for fabri¢-related cxpen5es. Total income for 2024 was £256,110, {2023'. £219,469). The majority of the increase was du¢ to the incrcase in regular giving alld generous legacies. The Parish Share {£120,973) remains our largest expense. supporting ministry not only at St Leonard's but across the Diocese of Southwell and Nottingbam. This covers ¢lergy stipends, housing, p¢nbions, and training, clergy wellbeing and saf¢guarding_ Thc Share also funds the training of ¢urates, ordIndS. atid lay ministers, as well as the intern pn)gramme and support for local schools. Additionally, it contrÉbutes to diocesan administration, archdeacon costs. and governance functions. Total expenditurc during 2024 rose to £296,078. (2023.. £265,460). The total increase in expenditure of £30.618 includes the £5.000 ris¢ tn Parish Shore. The remaining £25,618 relatcd to improvements to the Community Ccntrc (£8,505}. including a new projector, screen, and roof repairs. Th¢ remainder related to repairs to the chuTch fabric and roof. ristng energy costs, increased staff salary expenscs, and children and youth ministry ¢os¢s. End of year position The net effecl of the factors alM)ve was a reduction rn overall funds to £839,639 at the end of 2024 (2023= £876,157). Charlty eommissioJJ registratlon The PCC has maintained registration with the Charity Commission (Charity Number 1134834).
PAROCHIAL CHURCH COUNCIL OF ST. LEONARD, WOLLATON ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Budget 2025 The budget Set for 2025 is based on projections drawn from 2024 perforniance and current trends. It shows a continuing operational deficit. AddressitEg this will require increased regular giving, careful cost management, and the exploration of additional income sources. As trnstees of the church's ¥esoiirees, the PCC holds responsibility for ensuring sound funcI&l oversight and planning. The coi)tinued generosity and support of the congregation will be essential to meet this challeng¢. Rlsks for 2025 Th¢r¢ are several financial risks to ¢onsider. A shortfall in givtng could further wtd¢n the operational deficit if the increase in planned giving doesn't Continue. Ullexpected mailltenance cosls for the ¢hur¢h or Community Centre niay arise, and rising en¢rgy Costs could exceed budget estimates. The ongoin8 risk of lead theft and deterioration of the chuwh fabric may also Tequire additional inv¢stmellt. Finally. continued reliance on reserves is not suslainable. Final Comments I would like to thank all those who contribute to the rnnning of both the church and the Community Centre. In particular, Rog¢r Alton who conlinues to provide expert support as the CoTnmunity Centre treasurer, working closeky with the team to manage its finances effe¢tiv¢ly. l am ulso thankful for Tim and the Deanery's guidance, which remains invaluable. A sp¢cial thanks goes to Liz, our Finan¢¢ Administrator and Planned Giving Secrelary. Her example of dilig¢nce and car¢ in tnanaging the day-to-day finan¢¢s is somothing l am extremely thankful for. Finally, I would likc to thank the PCC and the whole congregation for your generosity. trust, and commitment to stewarding the resources God has given us, as we continue to 5UPPOrt the Mission and ministry of St LeoDard's. Lisa s1th Honorary Treasurer May 1st 2025 Reserves Policy The policy of the Parochial Chur¢h Council is to hold a sufficient sum in reserves to cover 6 morkths. normal expenditure. Based upon current turnover this is a sum of aroulld £IOO,000. Unrestricted Funds currently held total £214,755 with £158,093 of endowment funds. Reserves and Assets 2024 The fund details for 2024 are summarised in note 9 of the accounts. These show the major (fixed) asset held by St Leonard's to be the Community C¢ntre. The Community Centre accounts have been incorporated into these summary accounts. Inve5tmeDt Policy of the PArochial Church Council Aside from r¢taining a prudent amount in reserves each year, most of the Pan)chxal Church Council's funds ore to be spent in the short temi, so there are fewer funds for long terni invesÉment. Having ¢onsidered the opiiotks available. the trustees have invested excess ttot required in the short terni on deposit with the Central Board of Ftnance.
PAROCHIAL CHURCH COUNCIL OF ST. LEONARD, WOLLATON ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 21124 Gr9nt Making Pollcy At the discretion of the board of Trustees, they may from lime to time make donations lo other Charities which hav¢ the same objectives as the Paro¢hial Church Council. Plans for Future Periods The PCC will continue to match commitments to the mission and ministry activities with income generation into the future. A focus on "growing discipl¢s" as the lop priority for the church's mission in the next phase of its life is intended to see the membership of the church grow whi¢h would also have the effect of increasing the nymbers of those giving financially to St Leonard's. St Leonard's regularly reviews the givill8 of parishioners and encourages donors lo consider in¢reasing their giving annually. As we move fonvard, th¢ PCC will also encourage people to consider making provision for m&ssion of St Leonard's in their wills. Generous Icgacies have made a positive contribution to the church finan¢¢s in previous ycars. Going forward the PCC also remains committed to a continual process of identifying ways of achieving cost reductTons in administratlon overheads and improving ihe efficient us¢ of resources. There no Current plans for new mY¢jor building projects. SAFEGUARDII¥G The Safeguarding Policy was aEoended 2020 and prompted a r¢vt¢w of training records and requiretnents for both safeguarding training and DBS checks in 2022. This work h&8 progressed duTillg th¢ year. WEITE. www.stleonardswollaton.or CHAIUTY NUMBER: 1134834 PRINCIPAL OFFICE: St Leonard's Church Wollaton Road Woll8ton Nottingbam NG8 2AF BANKERS: Royal Bank of Scotland 36 St Andrew Square Edinburgh EH2 2AD INDEPENDENT EXAMINERS: TC Group Cliffe Hill House 22-26 Nottingham Road Stapleford Nottingham NG9 8AA
PAROCHIAL CHURCH COUNCIL OF ST. LEONARD, WOLLA TON ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees and members: During the year. the following served as members of the Parochial Church Council.. Incumbent The Revd Canon Tim Pullen (Chainnan) Chupchwardens Dr Mike Smith Mrs Valerke Sutton (to APCM May 2024) Mrs Hermina Helldrika Vine (from APCM May 2024) Elected member ofDits¢esdii Synod Mr Roger Howes Elerted members of Nottsngham North Deanery Synod Dr Erica Bailey Miss Sally Smith Mrs Emma Twissell Elected mernbers Mrs Penny Ball Mrs CaTol Barber Mr Matt Green Miss Lindy Jones Dr Christian Morgller (from APCM May 2024) Mr Roger Owen Mrs Lisa Smith, Honorary Treasurer of PCC Mrs Noreen Thomas Mrs Elaiue Thompson (from APCM May 2024} Mr Kevin Twissell (to APCM May 2024) P*trDn The Rt. Hon the Lord Middleton ReAders Mrs Hilary Howes Mr5 Elaine Thompson Retognised Lay Ministers Mrs Pat Broxham Mrs Maryrose McHu8h Mrs Anne Scothern Mrs AnDc Walters Appointments by PCC L#y Vice-Ch4ir Dr Mike Smith Admlnlstrative Assistsnt to the PCC Mrs Gill M(K)re As$fistAnt Churchivardens Mr Peter Bailey Mrs Viv Chamberlain Mrs Ali Hatton Mr Roger Howes Mrs Barb8ra Lynes Mr Malcolm Stscey Mrs Mary Stacey Mrs Anne Walters
PAROCHIAL CHURCH COULYCIL OF ST. LEONARD, WOLLATON ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Bank Slgnatorles The Revd Canon Tim Pullen Dr Mike Smith Mrs Valerie Sutton IChairnian)- to May 2025 (Chur¢hward¢n) {chUhwardcn) - lo May 2025 {Treasurer) {Finance Adminisirator) (Churcbwarden) from May 2025 Mrs Lisa Smith Mrs Elizabeth Norris Mrs Herniina H¢ndrika ViTEe Choirmaster and Org&Dlst Mr Peter Pri¢¢ Ele¢tor81 ROLI Ol¢er Dr Eri¢a Bailey PArlsh Safeguarding Co-ordinator Dr Rachel Higginson Planned Giving Secretary Mrs Elizabeth Norris Parlsh DAtAbY*se MAiDteDan¢e Mr Graham Birkett Chair of St. Leonard's Community Centre Mr David Thompson- to April 2025 Wollaton (SLCCW) Represent•tive$ nominated by the PCC to the The R¢vd Canon Tim Pull¢n Management Committee of SLCCW Mrs Carol Barber Webslte Administrator Mrs Natasha Hart PCC Employees Ms Lindy Jones Mrs Amie Scothern Mrs Elizabeth NolS Mrs Natasha Hart Mrs Kerry Pa5hley Miss Karolina Atrk Famili¢s and Children Development Mtnister Parents and Toddlers Leader Finance A(hninistrator Church Administrator St Leonard'5 Community Centre Manager St LeonaTd's Comniunkty Centre Caretaker (from Febniary 2024) Mr Kurtis Brownson St Leonard's Community Centre Caretaker (to February 2024) Lay People wlth permlssioll from Bishop to Mr Peter Bailey adminAster Communion: Mr Graham Birkett Mrs Pat Broxham Mrs Kate Breckles Mr Ralph Buckingham Mr Richard Burn¢tt Mrs Carol Charnibury Mrs Karen Dinsrnore Mrs Janet Fisher Mr Gordon Fletcher Professor lan Hall Mrs Ali Hatton Mrs Hilary How¢s Mr Roger Howes Mrs Barbara Lynes Mrs Maryrose McHugh Mrs Sonal Marner Mrs Pam Martin Mr Robert Norri5 Mrs OTme Mr Peter Price Mrs Jo Pull¢n Mr Mike Radford Mr Davtd Robinson Mrs Judith Robinson Mrs Anne Scothern Miss Sally Smith Mrs Jan Stacey Mr Malcolm Stacey Mrs Mary SLacey Mrs Elaine Thompson Mrs Hilary Vaughan Mrs Ann¢ Walters
PAROCHIAL CHURCH COUNCIL OF ST. LEONARD, WOLLATON ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT ve The Paro¢hial Chur¢h Council is a siatutory body and is governed by the regulations as set out in the official Church of England Chureh Represeiilalion Rules 2020. whieh eover all aspe¢ts in d¢tsil. This is supplemented by the Hondbookfor churchwardens aNdparocltial cht4rch Councillors {revised edition 2020). Recruitmellt and A ointment of Tru es Parochial Church Council members are recruited by ¢le¢tion following nomination by any two members of the ¢l¢¢toral roll. PrOsptive candidates receive a detailed t>okIet produced in-house entiil¢d Js ihe Parochial Church Council for me_ and attend an initial meeting of the Parochial Chur¢h Council for ¢larifi¢atioTh of their rolc and responsibilities within the Church structure. Parochial Church Council members ar¢ elected at the Annual Parochial Church Meetillg each year. Man emellt Personnel The PCC consider the board of Trustees and the Rector as comprÈsing the key m8nag¢menl personnel of the charity in charge of dir¢cting and controlllng the charity and running and operating th¢ Charity on a day-tO- day basis. All the PCC giv¢ of their time freely and no member of the PCC received any remuneration during the year, except for Miss Jones, our Familtes and Children's Development Worker. Details regarding MÉSS Lindy Jones. remuneration can be found in Note I l of the Financial Statements. Details of trustee expenses are also dts¢losed tn Note I l. The Dioc¢s¢ of Southwell & Nottitigham pay the Rt0. Related P#Tties- Associated Churehes St. Leonard's Parochial Church is part of the wider-chwch of England" and reports direcdy to the Diocese of Southwell and Nottingham, paying its annual Parish Shar¢ to the dioc¢s¢, whi¢h. in 2024, totslled £120,943 {2023.. £115.944).
nisational Struct
re The Church is administered by the Parochtal Church Council members and the day-t041ay runntng of the Parochial Church Council is delegated by the tNste¢s to the Rector (as paid chair of the Parochial Church Council) and Churchwardens. in conjunction with the Parish Administrator. Agenda items for the Parochial Church Council ore agrced by Standing Commiltee which is chaired by the Rector. The Parochial Church Council meet on a reglllar basis and a record of all the meetings is kept. Rlsk Mana ement The trustees have examined the major stsat¢gi¢, fIn¢[al, and operational risks which the Parochial chUh Council faces and confirni that sysÈ¢ms have been established lo enable regular reports to th¢ Parochial Church Council meetkngs to be produced so that the necessary steps can be takell to lessen tbese risk5.
PAROCHIAL CHURCH COUNCIL OF ST. LEONARD, WOLLATON ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 STATEMEIYT OF TRUSTEES, RESPONSIBILITIES The Trnstees ar¢ responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provision of the Trust Deed require th¢ Trustees to prepare financial statements for each financial year which give a true and fair view of the situation of the Charity and of the incoming resources and application of resources, including the income and expenditure of the Charity for the fll)ancial year. In preparing those financial statements. the Trustees are required to: Select suitable accounting policies and apply them consistently. Observe the methods and principles in the appropriate charities SORP. Make judgem¢nts and estimates that are reasonable and prudent. State whether applicable accounting standard have been followed, subject to any material departures that must be disclosed and explained in th¢ financial statements. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation. and The Truste¢s ar¢ responsible for maintaining the proper accounting records, which disclose with reasonable accuracy at any time the fll)ancial position of the Charity and to enable them to ensure that the financial statements comply with the Charities Act 201 l. They are also responsible for safeguarding the assets of the Charity and henc¢ for taking reasonable Steps for the prevention and detection of fraud and other irregularities. The trnstees are responsible for the maintenance and integrity of the charity and financial infotmation included on the charity's website in accordance with legislation in the United Kingdom governing the prepardtion and dissemination of flnancial statements. This report has been prepared in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities. On behalf of the Trustees Mrs Hemiina Hendiika Vine Trustee Dated: l (+19 lig-
Ir4DEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PAROCHIAL CHURCH COUNCtL OF ST. LEOLYARD, WOLLATON I report to the trnstees on my ¢xamination of the accounts of the Parochial Chuwh Council of St. Leonar(L Wollaton {the Trust) for the year ended 31 December 2024. Responsibilities And Basis of R¢port As the eharity trustees of the Tn]st, you are responsible for the preparation of the accounts in accordanc¢ with the requirements of the Charities Act 2011 ("the A¢t'). I report in Yes¢t of my examination of the Trust's ac¢owils Carried out under section 145 of the 2011 Act and in carrying out my examillatioll I have followed all the applicable Directions given by the Charity Commission under section 145{5}Ib} of the Act. Independent Examiner's Statement I have complet¢d my ¢xBmination. I confm that no material matters have come to my alfrnlAon An connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by swtion 130 of the A¢t' or 2. the accounts do not accord with those r¢¢ords- or the accoltnts do 0t comply with the applicabl¢ requirements ¢onceming the fonn and contelli 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, whi¢h is not a matter considered as part of an indep¢ndcnt eKamination. I have no collcerns and hav¢ come across no other matters ID connection with the examination to whi¢h attention should be draTr iti this report in order to ¢nable a proper understanding of the accounts to be r¢a¢hed. Matt Btady FCCA Chartered Certified Accountattt TC Group Cliffe Hill House 22-26 Nottingbam Road St#pleford Nottingham NG9 8AA Dated.. 10
PAROCHIAL CHURCH COUNCIL OF ST. LEONARD, WOLLATON STATEMEF4T OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Total Funds 2024 Total Funds 2023 Unrestricted Restrlcted Elldowment Funds Funds Fund5 Note INCOMING RESOURCES Donations atid Le8a¢i¢s lThcome from other Events & Activities Invesknent Income 2(a) 2(b) 2(e) 177,537 60,725 6.213 7,450 184,987 60,725 153,595 56,451 9,423 4.185 TOTAL INCOMING RESOURCES 244,475 7,450 4.185 256,110 219,469 EXPENDITURE Costs of raising fvnds.. Expenditur¢ on Charitable Activities 3{a)-3(e) 256.487 296.078 TOTAL EXPENDITURE 256,487 296 078 Net gains (losses) on investments assets- unrealised 3,450 3,450 12.966 NET INCOMEIEXPENDITURE (12.012) (32,141) 7,635 (36.518) (33,025) Transfer between funds Net Mov¢m¢nt in Funds (7,827) (32,141) 3,450 (36,518) (33,025) RECONCILIATION OF FUNDS Total fiLnds brought forward 222,582 498,932 154,643 876,157 909,182 TOTAL FUNDS CARREED FORWARD 214755 466 791 839 639 876 157
PAROCHIAL CHURCH COUNCIL OF ST. LEONARD, WOLLA TON BALANCE SHEET AS AT 31 DECEMBER 2024 Note 2024 2023 FIXED ASSETS Tangible Fixed Assets Central Board of Finance - Investments 447,931 465,355 154218 602 149 150 768 616 123 Total Fixed Assets CURRENT ASSETS Sundry Debtors Central Board of Finance - Deposits Cash at bank and in hand 23,332 68,137 152 756 244 225 8,651 66,301 206 075 281027 Total Current Assets CREDTTORS: Amounts falling due within one year Sundry Creditors 6,735 IYET CURRENT ASSETS 237 490 260 034 NET ASSETS 839 639 876 157 REPRESENTED BY FUNDS Unrestri Funds General Purposes Designated Funds 104,755 iioooo 122.582 100,000 Total Unrestricted funds Restricted funds Endowment funds 214,755 466,791 158,093 222,582 498,932 154,643 TOTAL CHARITY FUNDS io 839 639 876 157 li i&Ivts- Approved by the Parochial Church Council on .. .. ............................................................ and signed on its behalf by.. Mrs Herniina Hendrika Vin¢- Trustee Mrs Lisa Smith - Treasurer Dated.. The notes on pages 13 to 24 forni part of these fmancial statements. 12
PAROCHIAL CHURCH COUNCIL OF ST. LEONARD, WOLLATON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 I. ACCOUNTING POLICIES BAsis of Aeeounting The fmancial statements have been prepared in accordance witki the Chuwh A¢¢ounting Regul&tions 2006 together with Statement of Recommended Pra¢tice= Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK And Republic of Ircland (FRS102), and the Financial Reportin8 Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and Charities Act 2011. Assets and liabililtes are initkally recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. The charity constitutes a public benefit entity as defined by FRS102. The TnEStees ¢onsider thai there are no mat¢rial un¢¢rtainties abotst the charity's ability to continue as going concern. The financial slatmenls are pres¢nted in &lerling (£)- Funds Endowment funds aFe generally fimds whi¢h th¢ PCC must retain for the benefit of the Church and spend on capital PUTposes and authority for expenditur¢ must bc obtained from the Southwell diocese. Unrestricted funds r¢pres¢nt the funds of the PCC that are oot subje¢t to any restrictions regarding their us¢ and are available for appli¢alion on the general pUoseS of the PCC. These tnclud¢ thnds d¢sigTrated for a particular purpose by the PCC. The purpose of any restricted fvnds is noted in the accounts. The accounts only includ¢ tran$tIonS, assets and liabilities for which the PCC Can be held responsible. Incoming Resources Voluntary income and capil&l&ourcdf Collections and regular gtving are recognised when received by or on behalf of the PCC. Income tax recoverable on covenanted or gift aid donations is re¢ognised when claimable. Grants to th¢ PCC are accounted for when received as 500n as the PCC is notified of its legal entitlement, the amount due is quantifiable and its Etltimate receipt by the PCC is reasonably certain. Funds ratsed by social and similar eVts are ac¢owited for gross. Other ordinary income Rentsl income frorn th¢ letting of church premises is accounted for when the hiring takes place. Parochial fees due to the PCC for weddings. funerals etc #re accounted for on an event by ¢venl basis, and are nel of amounts due to the Southwell and Nottingham Diocese. For legacies. enlitlement is taken as th¢ ¢arlier of.. the dale on which the charity is aware that probate has been granted; the estate has b¢¢n finalised and notification has been made by the ex¢¢ulorfs) to the Trust that a distributiors will b¢ made. or when a distribution is received from the estate. 13
PAROCHIAL CHURCH COUNCIL OF ST. LEONARD, WOLLATON NOTES TO THE Fif4ANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024- CONTINUED Receipt of a legacy, in whole or in part, is only considered probabl¢ when the amount can be measured reliably and the charity has been notified of the executor's intention to mak¢ a distribution. Where legacies have been notified to the charity or the charity is aware of the granting of probal¢, and th¢ criteri8 for income Te¢o8ni¢ion have not been met, then the legacy is treated as a contingent asset and disclosed if material. Donated s¢tvi¢es and facilities are recognised as &n¢ome when the Charity has control over the item, any conditions associated with the donated item have been m¢1, the receipt of economie benefit from the use by the Charity of the item is probable and that ¢conomi¢ b¢n¢fil can be measured reliably. On r¢ceipt, donated services and facilities are recognised on the basis of the value of th¢ gift lo the Charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent econontt¢ b¢n¢fil on the open market. a corresponding amount is then recognised in expenditure in the period of receipt, where this can be quantifi¢d. Incomefyom investments Interest on funds held on deposit is included when receivable and the amount can b¢ m¢asurcd reliably by the charity. this is nornially upon notification of th¢ int¢rest paid or payable by the baTkk. Realiyed gairts and losses Realised gains or losses are recognised wheti inveslm¢nls are sold and are calculated as the difference between sales pro¢e¢ds and the previous year end market value. Unrealised gains or losses are a¢¢ounted for on r¢valuatioti of investments at their year end market values. Resour¢e8 Expended Expenditure is recognised oll an accruals basis as a kiability is incurred and in¢ludes vat wh¢r¢ appropriate. which c&nnot be recovered. Giving Grts and donatiOELS are accounted for when paid. Costs directly iylated to ihe work of the church The Diocesan Parish Share is accounted for when payable and any amount Unpaid at the year end is shown as a ¢r¢ditor in thc Balance Sheet. Debtors DebtOTS are recognIs at the Settlement amount OW to the Clwity or prepaid. Credltors Creditors and provisions are recognised where th¢ Charity has a present obligation resulting from a past event that will probably result in ihe transfer of funds to a third party, and the amount due to settle the obligation an be measured or estimated reliably. Creditors alld provisions are normally recognised at their seltl¢ment amount. Fln#tt¢ial Instrumeuts The Charity has fulancial assets and financial liabilities of a kind that qualify as basic flnancial instruments. Basic financial instruments ar¢ initially recognised at transaction value and subsequently measured at their settlement value. 14
PAROCHIAL CHURCH COUNCIL OF ST. LEONARD, WOLLATON NOTES TO THE FINANCIAL ST ATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024- CONTINUED Judgement And Key Sources of Estimation Un¢¢rtainty The preparation of accounts using generally accept accounting principles requires management to make estimaies and assumptions that affect the reported amounts of agsets and Itabilities at the date of the accounts and the reported amounts of r¢venues and expcnses during the reporting period. The key estimates and assumptions used in the Financial Stafrm¢nts are detailed kn the accounting policies. Irrecoverable VAT Irre¢ov¢rable VAT is charged against the ¢xp¢nditure heading for which it w&s incurred. Allocation of overhead and support costs Overhead and support costs have been allo¢ated as a direct cost between Charitable Activities and Governance Costs. Support costs are those functions that assisl the work of the charity but do not directly undertake charitsble activities. Support costs include offic¢ costs, payroll and govemancc costs which support thc church activities. Governance costs Governan¢e Costs Comprise all costs incurTed in lh¢ gov¢r¥)attc¢ of the PCC. These include costs related to th¢ statutory audit together with a direct apportionment of overhead and support costs. Fixed As5et5 Consecrated lapid aiid buildings and movertble ehurchfvrni.whings Consecrated and beoeficed property is excluded from the accounts by section 10(2)(a} of the CharitÉes Act 2011. No valu¢ is placed on rrtoveable church furnishings held by the ¢hurchwardens on spe¢i81 trust for thc PCC and which require a faculty for disposal sin¢e the PCC considers this to be an inalienable propety. All expenditure incutred during the year on conse¢rated OT bcneficed buildings and nioveable church fLErnishings. whether maintenanc¢ or improvement is written off as incurred. Oihep- land and buildings Other land and buildings held on b¢half of the PCC for its own purposes Ès shown at cost. Building costs are depreciated at 2 /fy per annum for each full year on cost. Equipmenl and othei-fixtures andfiltings Equipment used for chur¢h purposes is depreciated on a straighi line basis over 4 years. Individual items of equipment with a pur¢has¢ price of £1,000 or less are writt¢0 off io the period in which the asset is acquired. Equipment for use in the Communiry Centre is depreciated on a straight line basis over the estimated useful Lifr of e&ch item, which varies bettveen 6 and 12 years. Investments Investments are valued at market value as at the year ¢nd date. 15
PAROCHIAL CHURCH COUNCIL OF ST. LEONARD, WOLLATON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024- CONTINUED Pension costs The Pension Builder Scheme of the Church Work¢rs Pension Fund is made up of two sections. Pension Builder Classic and Pension Butlder 2014, both of which are classed as defined benefit schemes. The asset5 of the scheme are held separately froin those of the employer. Theie is no sub-division of assets between employers in each section of the Pension Builder Scheme. The scheme is considered to be a mulii-¢mployeT scheme as described in Section 28 of FRS 102. This m¢ans it is not possible io attribute the Pension Builder Scheme's assets and liabilities to specific employers and that Contributions are accounted for as if the S¢h¢me were a defined contribution scheme. The pension Costs charged to the SOFA in the year are ¢ontributions payable. valuation of the scheme is carried out once ¢v¢ry three ycar5. The most recent scheme valuation ompleted was carried out as at 31 December 2020. This revealed, otk the ongoing assumptions used, a d¢fi¢it of £29. Im. Thcrc is no requirement for deficit payments at thc currcnl lime. Pensioll Builder 2014 will b¢ valued in relation to the lump sum payable lo members at nornwl pension age. Thcre are no annual pension benefits. 16
PAROCHIAL CHURCH COUNCIL OF ST. LEONAiiD, WOLLA TON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024- CONTINUED Unrestriet¢d Funds Restricted Fullds Endowment Funds Total Funds 2024 Total Funds 21123 2. INCOMING RESOURCES 2(a) Dongted Income- Voluktary Collections- General Coll¢¢lions - Baptisms, Weddings, Funerals Regular giving Gift Aid recoverable Legacies (note 13) Gifts Donations 1,718 95 126,608 29.343 12,500 2,551 172,815 1,718 95 127,008 30,568 12,5 7.661 79.550 2,260 230 105,804 26,915 400 1,225 5,110 6,735 145,949 Don¥ted Income- Speelfic use Youih work Gift Aid recoverable 640 75 715 600 150 750 75 715 Other Volunt*ry Income Wcddtng and funeral fees (net) Marriage preparation incom¢ 4.722 4,722 6.896 4,722 177,537 4,722 184,987 6,896 153,595 Total Don)ition$ and Legacies 7.450 2{b) Gross ill¢ome from events and activitie5 Other Income Fund Raising Events Use of photocopicrs Coffee and tea Parents and Toddlers Wollaion Comtnunity Centre (not¢ 4(a)) Grants Training 141 693 83 290 2,350 56,098 480 590 60,725 141 693 83 290 2,350 56.098 480 590 115 71 557 2,222 53,386 2(c) Investment Income Bank interest Legacy fund interest Russell and Middleton Trust income Monuments nd income 2,726 3.088 2,726 3,088 4,185 399 10,398 3,015 1.889 4,l21 398 9,423 4.185 399 6.213 4,185 TOTAL INCOMING RESOURCES 244,475 7,450 256110 219,469 17
PAROCHIAL CHURCH COUNCIL OF ST. LEONARD, WOLLATON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 21b24- CONTINUED 3. RESOURCES EXPENDED Unrestricted Restrleted Funds nds EndoTrvment Funds Total Funds 2024 Total Funds 2023 3(a) Gfiving Overs¢as (note 12) Home {note 12) Special Appealsl Partnership for Missional Church 4,500 2,500 4,500 2,500 4,350 3,500 7,000 9,476 3(b) Support Costs Op¢ratiug Expenses (note 4a) 60,689 60.689 50.409 3(c) Directly related lo the work of the Church Diocesan Parish Share 120,943 2.873 1,813 4.267 6.369 99 845 120,943 2.873 1.813 4,267 6,369 99 845 115.944 ,478 ,329 4.132 5,015 88 1,880 Electricity nsurallc¢ Maintenanc¢ and Security Water rntes- Cemetery Staéfexpenses- Elector Staff expenses- Curate's Salaries- Dir¢¢tor of Music Maintenan¢¢- Organ and Piano Cost of services Choir costs Catering Bereav¢ment group Church fabric Marriage and Baptisrnl Confirniation preparation Spiritual Developm¢Lt Parents attd Toddl¢r5 Printing, Stationery and Publicattons Msscellaneous eXpendIre Professional Fees Families and Children's Development Worker 276 1,997 270 310 276 1.997 270 310 1,837 127 143 4.597 4.597 25 5,000 831 3,503 5,254 25 5,0(Xl 831 3,503 5.254 25,397 184,669 401 3.463 669 1,972 2,768 25.397 159.272 164.382 18
PAROCHIAL CHURCH COUNCIL OF ST. LEONARD, WOLLATON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ETrIDED 31 DECEMBER 2024- CONTINUED 3. RESOURCES EXPENDED Unr¢stri¢¢ed Funds Restricted Funds Endowmtnt Funds Totsl FuDds 2024 Total Funds 2023 3(d) Governance costs T¢l¢phon¢, internet and website costs Printing, stationery and publi¢ations Independent examination and accountancy Computer equipment and support Depreciation Staff salary costs 985 233 2,802 1,401 3,230 20,875 985 233 2,802 1,401 3,230 20,875 29,526 971 276 2,910 1,019 3,230 18,593 26,999 3{e) Land and Bulldings Community Centr¢- depreciation 14,194 14.194 14.194 14.194 14,194 14,194 TOTAL RESOURCES EXPENDED 256 487 296 078 265 460 4. ST LEONARD'S COMMUNITY CENTRE UDrestri¢ted Funds Restrleted Funds End¥Jwment Funds Total Fulld5 21124 Totsl Funds 2011 4{a} Operating Stitement Gross Income Incon)e Church contribution 56,098 56,098 5.295 61,393 53,386 5,954 59,340 Expenditure Salari¢s and Wages Heating and Power Nlaterials AdministF&tion Water charges Insurance Maintenance and rep&Trs Depreciation Other costs 32,760 7.023 1.903 32,760 7.023 1,903 30,997 8,336 895 .l57 1,517 1,473 3.281 l.W2 761 1,606 1.212 11,786 2,065 823 1,606 1.212 11,786 2,065 823 60,689 Operating surplusl(deficit) lttterest Le55 Church contribution Net surylusl(defi¢it) 705 8,931 5,295 4.590 2,977 Although the Community Centre is operated under the oversight of the Chiirch. its financial r¢s¢ryes are held s¢parat¢ly and are not accessible by th¢ Church. 19
PAROCHIAL CHURCH COUNCIL OF ST. LEONARD, WOLLA TON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024- COLYfiNUED Unrestrteted Funds Restricted Fund$ Endowment FndS Total 2024 Total Funds 2023 4{b} Equipment Fund Transfer Operating Reserve Donations including gift aid Equipment purchased Equipment capilalised 202 202 202 202 202 202 Balance carried fOard 202 202 202 5. GAINSI(LOSSES) ON REVALUATIONS - C¢ntral Board of Finance St Leonard's Commllnity Centre 3,450 3,450 12,966 3.450 3,450 6. TANGIBLF FIXED ASSETS Freehold Land *nd Bwildlngs £quxpmellt Total Cost At l January 2024 Additions Disposals At 31 De¢ember 2024 709,712 121,452 831,164 709,712 121,452 831.165 Depreciation At l January 2024 Charge for Year Disposals At 31 December 2024 255,289 14,194 110,520 3,230 365,809 17,424 269,483 113,750 383,233 Net Book Value At 31 December 2023 At 31 December 2024 454,423 440,229 10,932 7,702 465,355 447,931 The freehold land and builth.ngs comprise the Wollaton Community Cenlre. A condition of ndIng received from the Lottery Community Fund places a r¢stri¢lion on th¢ sale of the Community Centr¢ for 8 25 year period up to 2029. The Community Centre building is currently insured for £1,838,964. Ivhilst Iht PCC has a duty of care to maintsin the ¢hurch buildings, land and monuments which, combin¢d, CUTrently haye an insurable value of over £8,000,000, they ar¢ not owned by the PCC and have Iher¢fore not be¢ll illcluded in these accounts as heritage assets. Likewise, the lt1phOn81. which was willed to the church in 1460, but is currently in the k¢epin8 of the University of Nottingham. wher¢ it has undergone extensive restoration, is not included in these Accounts aod its present value is unknowll. 20
PAROCHIAL CHURCH COUNCIL OF ST. LEONARD, WOLLATON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024- CONTINUED 7. CENTRAL BOARD OF FINANCE INVESTMENTS Russell Trust Iddleton Trust Funds 2024 Funds 2023 Value of shares in the Ceniral Board of Finance Investment Fund Original Cost of shares Numb¢r of Shares Held 118.979 35.239 154.218 27,911 6,669 150,768 27,911 ,524 . FUND DETAtLS Balance blfwd Funds 2024 Note Ineomlng Outgoing Tr#nsftr$ Restricted Funds Community Centre- Building Community Centre- Equipment Youth fund Monuments Special projects Family and Children's Dcvelopment Worker 454,423 202 (14,194) 440,229 202 715 (715) 310 3,833 310 4,443 610 715 498,932 7,450 (39,591) 466,791 Endowment Funds Ministry Capital (CBF deposit alc) Middleton TTUSt (LBF investment fund) Russell Trust {CBF investment fijnd) 3.875 34,451 116.317 154.643 3,875 35.239 118.979 L58 093 1,744 5,891 7.635 (956) 3,229 Unrestricted fund Overall totals 31 De¢ember 2024 222 582 876 157 256 487 296,078 4,185 214,755 839 639 259 560 Balance blfwd Funds 2023 Note Incoming Outgolng Trnnsfers Restricted Funds Cominunity Centre- Building Community Centre- EquipTnent Youth fijnd Monuments Family and Children's Development Worker Special proje¢t5 468,617 202 (14,194) 454,423 202 750 (750) 310 310 50,006 3,833 522,968 12.500 (23,092) 750 40.164 3,833 498,932 13,250 {37,286} Endowment Funds Ministy Capital (CBF deposit alc) Middleton Tn1 (CBF investment fund) Russell Trust (CBF investment fund) 3,875 31,488 106 314 141,677 3,875 34,451 116317 154,643 3,905 13,182 17,087 {942) (4,121) Unrestrided fulld Overall totals 31 December 2023 244,537 909 182 202.098 232 435 228,174 265 460 4.121 222.582 876 K57 21
PAROCHIAL CHURCH COUNCIL OF ST. LEOIYARD, WOLLATOI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024- CONTINUED The Commun5ty Ctntre equipmeEtt Fund relates to donations, the use of which is restricted lo equipping the Centre. 2 The Youth Fund relates to donations, the use of which is restricted lo youth expendithre. 3 1L¢ome arising from the Ministry Capital Fund alld Middlettsn Trust can only b¢ us¢d for the care, maintenance and insurance of church goods and onwments and ministry expenses. The Monuments Fund Can only be used for the Care. maintenance and upkeep of the various chUh monutnents. 5 Income aTising frotn the Russell TNst is paid into ihe General Fund. The Fund represents the sale proceeds from the former curate's residence and although no restrictions cxist as to how it can be spent, pem)ission from th¢ diocese would be required before any future ¢xpenditur¢ ¢ould be made. 6 Special Projects Funds at l Janllary 2024 is £3,833 for the Bell Tower. The balance carri¢d forward at 31 December 2024 is £4,443 (£3,833 bell knwer, £610 garden maint¢tkance). 7 Fatnily an41 Children's DevelopmeDt Worker this fund is to support the family and ¢hildr¢n's development worker and related activities for a 3 year period- in the ycar th¢ balance held in the youtl) fund has also been transferred to this fulld. The total balance held at 31.12.24 was £21,607. Deslgnated Funds of £1 10.000 were reported this yeai, comptising £IOO,000 designated in previous yeS to support misston work and £10,000 from a legacy by D Walker for Church fabric this yar. Special appeals are donations collectcd and disbursed on behalf ola third party chaTity- Collected in the year £3,469, paid out in the year £2,249. 10. ANALYSIS OF NET ASSETS BY FUND Total Fund$ 21124 Total Funds 2023 Unrestricted Restrl¢ted Funds unds Endowment Funds Fixed Assets Cuent AssetslLiabilities Fund Balance 7,500 207,255 214,755 440.431 26,360 466,791 154,218 3,875 158093 602,149 237,490 839 639 616,123 260,034 876 157 Total Funds 2023 Total Funds 2022 Unrestrkcted Restricted Funds Funds Endowment Funds Fixed Assets Current Assets/Liabilities Fund Balance 465,355 150,768 616.123 260,034 876,157 620,582 288,600 909,182 222 582 222 582 498 932 11. STAFF COSTS Community Centre Total 2024 Total 2023 pcc Wages and salartes Social security costs Pension costs Expenses 42.092 1,985 3.256 277 28.296 1.371 2,093 1.000 70,388 3,356 5,349 1,277 65,238 2,781 4,621 3,506 22
PAROCHIAL CHURCH COUNCIL OF ST. LEONARD, WOLLATON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024- cowfiNUED During th¢ year the PCC employed on a part tim¢ basis a Parish administraioi, a Finance Administrator, a Toddler Group leader and a Family and Chilthen's Developm¢nt worker. In addition the Community Centre employed on a part tim¢ basis a Caretaker and Office Manager. None of these earned £60,000 p.a. or mor¢. During the year MISS Lindy Jones received total reEnuneralion of £21,277 whi¢h included £1.933 of pension contributlons. In addilton, a further £2,956 of exp¢ns¢s were reimbursed. The remuneration and exp¢nses related to servffices rendered in her role as Families and Children's D¢v¢lopment Worker. No other PCC members received or are due lo receiv¢ any expenses or remuneration for the year, other than reimbursed expenses paid to the Rector totalling £845 (2023.. £1,880). These were mainly made up of trav¢llin8, telephoiic, postage and stationery expa)ses incurred and in one-off donations for training costs. Net giviThg by PCC Members totalled £34,557. (2023.. £39,092). Th¢r¢ are no other related party dis¢losures. A2. CIVINC Overseas Church Mission Soci¢ty (CMS) Home Leone 2024 2023 4.000 500 3,850 500 Home Fr&mework Crossteach Renew Wellbeing Christians Against Poverty Be1 Communiry Refugee Roots (formerly Ratnbow Projc¢t) Safe Famtlies for Childr¢n BRF Notts Clergy Widows ScriptUTC Union 250 500 500 500 500 500 500 500 500 250 250 250 500 500 2,500 3.5110 13. LEGACIES 2024 2023 Robert Ivor Norris David Neil Walk¢r Joan Ealon K&tharine Stephensetk Paul Anthony Brown Sarah Edwards 10.000 10,000 500 500 500 12.500 10,000 14. COIYTINGENT LIABILITIES In accordance with nornial practice, the temis of certain grants may resttlt in repayment of all or part of the grdnts re¢eivabl¢ if the conditions of the grants are not met. The ttustees do not believe that any material amounts will need to be repaid. 23
PAROCHIAL CHURCH COUTr4CIL OF ST. LEONARD, WOLLATON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1 DECEMBER 2024 - CONTINUED IS. PENSION CONTRIBUTIONS St Leonard's PCC contributes to the pension scheme an amount based on the employee's basic salary and the employees are required to make a minimun] Contribution. The contributions for the year totalled £5,349 (2023.. £4,621). 16. PAIUSH SHARE The total assessed as payable by the Diocese of Southwell and Nottingham for 2024 was £120,943 (2023- £115,944) whi¢h was fully paid. 17. SOFA coLPARATIVE INFORMATION Unrestricted Funds Re8tr1cted Funds Endowmettt Funds Total Funds 2023 INCOMING RESOURCES Donations and legacies Income from othcr evcnls and activities Investment income 140.345 56.451 5,302 13,250 153.595 56,451 9,423 4.121 TOTAL INCOMING RkSOURCES 202.098 13,250 4.121 219,469 EXPENDITURE Costs of ratsing fld$ ExpendittEre on charitsble a¢t&vilÈes 228.174 TOTAL EXPENDITURE 228 174 Net gainsl{losses) on investment assets- unrealised 12,966 12,966 NFT IIYCOMEIEXPENDITURE (26.076) (24,036) 17,087 (33,025) Transfer betw¢cu fvnds 4.12K 4,121 N¢t movement in funds (21,955) {24.036} 12,966 {33,025) RECONCILIATION OF FUNDS Total funds brought forward 244 537 522 968 141677 909 182 TOTAL FUPIDS CARRIED FORWARD 222 58? 498 932 876.157 24