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 Christia￿8 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 Su￿OU￿dIng 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)nSib￿lties.
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
F￿ANCIAL 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, ordIn￿dS. 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 fu￿ncI&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 s￿1th
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.
WE￿ITE.
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)
{chU￿hwardcn) - 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 O￿l¢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 No￿lS
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.
PrOsp￿tive 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 R￿t0￿.
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 chU￿h
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 dra￿Tr 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 pU￿oseS 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 eV￿ts 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
Gr￿ts 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 eXpendI￿re
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
F￿ndS
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 fO￿ard
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 Tn￿1 (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 chU￿h 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 ye￿S to support
misston work and £10,000 from a legacy by D Walker for Church fabric this y￿ar.
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
Cu￿ent 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
Be￿1 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 coL￿PARATIVE 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 f￿ld$
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