R£GISTERED CHARITY NUMBÉR: 1186446 REPORTOF THE TRU5T£ESAND UNAUDrrED FINANCIALSTATEMEPITS FOR THE YEAR ENDE031 DECÉMBER 2014 5T MARY DE CASTRO L£KESTER PCC Duncan &Toplls rnited 3 Prin5 Court Royal Way Lou8ht)orou8h Leicestershire LEII 5XR
ST MARY DE CASTRO LEICESTER PCC CONTENTS OFTME FINANaAL STATEMENTS FOR THE YEAR ENDEO 31 OECEMBER Z024 Page Report olihe Trustees Independent Exarninerfs Report Siaternentof Finaniial Attivlties Stateinent of Financlal Position io Notestoihe Financial Statements 11 to 18
MARY DE CASTRO LEICESTER PCC REPORT OF THETRUSTEES FOR The YEAR ENOED31 DECEM8ER2024 The trustees present their Teport w4th the financlal statements of the thadty for the year ended 31 December 2024. The trustees have adopted the provisions of Accountin8 and Reportinz by Ch4ritles". Statement of Retomrnended Prartice applKable to charifjes preparfn8 thelr accounts In a¢dance wth the Flnanuèl Reporting Standard èpplicable in the UK and Repu¢ of Ireland IFRS 1021 leffÈttNe l January 20191. BACKGROUND The ColkOate and Parish church of St Mary de Castro, Leicester, is an anclent parlsh church and the second oklest place of wothip In the City of Leicester. It has been a pla of prayef for Over 900 years ènd £omblnes splendid interior arthiterture and an intrizulnÈ h15t0ryth a warm wlci)meto all who corne toloSn us In worship orsimplyio h4ve a look around. St Maws 15 fegarded as one of the finest Norman Ihurches in En&land havin8 been first built as a chapel within the precioct of the balley of Lelcester Cèstle by Robert 8eaurnont, 1st Earl cf LeScester, Ind has been part of the major events in the hlstrjry of the Cty ol Leicester. We warmly welcome all SitorS who want to enjoy the beautlfvl surroundin8s of this histofic church whether to vlew the architecture, study the hlstory, or Simply spending some quiet time awty from the hustle and bustle of the cty centre. St Mary's Ison the Rl¢har4111 and Herlts8e Walkln8 tr3113nd Is open for 50me partof everyday. The Paroehlal Church cntil of St Mory de Castro Is a body corporate established by the Church of En8land. The PCC operate5 under the Parochial Chijrch Councils IPowersl Measure 1956. The PCC Is a charty and all the members of the PCC are £barty trustees. The PCC Is reglstered wlth thÈChartyCommi55ion as a Charlty. OBJEcfivESANDAcriviYiEs Aims al purr)ses In pursuance of $ Charitable objects IpartKularty the advancement of the Christkin rellwon for the public benÈfitl ?nd in a¢¢ordarKe withthe Parochlal Church Counclls IPowÈrsl Meos¥re 1956 and the Synodkal Govemment Measure J969.. ' shall be the duty of the incumbert and the Parochlal thurch Council to conwlt together on matte¥s of neral concem and Importance to the parlsh. The fvjnttions of the PCC shall Include.. G>operatlon wr(h the Incumbeni in promoting in the parish the whole m1551on of the Church, pastoral. evangelistic, 50clal and ecumenical.. the consideration and dlKU551on ol matters concemin8 the Church of En8lbnd or ony other matters of rell8lous or publ1¢ interest. bvt not the declaratbn of the doctrlne tsf thÈ Church on any que5tlcn,' rnakin8 known and putting into effert any prov15Ion made by the DlocesanlDeanery Synol on any ffiatter referred to the Councll,. raisln8 such rnatters as the Council consider appropriatè vwth the DI05an/Deanery Synod. In the exercise of tts fvnctton. the PCC shall tske into consideratton anyexpression of opinion by any Parochial Church Meetlng.. Publlc benefit When plannlng objertive5 and actlvStles for the year, the Chur¢hw4rdens and the PCC have considered the Chaiity CmISSIon,5 Butdonce on PU1¢ benefft and, In partlcular. thÈ spedficguldanceon Charffjeslthe a(kfat)cement of rellgion. PaBe I
ST MARY DE CASTRO LEICESTER PCC REPORTOF THETRUSTEE5 FOR THE YEAR ENDED 31 DEMBEfl 2024 ACHIEVEMENT AND PERFORMANCE Objectives and activiiies St Mary de CastrD PCC fvlfils its aims and purposes through activit$ asstrciated with four main objectives. St Mary de Cèstro PCC provides.. l. Regular publ¥cwor5hipopen to all The Holy Eucharist forrns the centre of our spiritual life a5 a parish and 15 celebrated trwice each week. The Wednesday mass is a said servile and the Sunday ma5S 15 a sung servite with the Lelcester Universrty Charnber Choir 5in8ing Veral sÈrvitÈs each year. s good to be able to rÈport that the number of regular member5 of the con8re8atio) is both growing and becoming more ethnic311y dDferse as part of the development of 5t Mary De Castro. In addition to these regular 5ervice5. èddttionèl service5 Included an Epiphany Carol service, a mass on Ash Wednesday, a mass on Ascension Day, a choral evensong for All Saints day, an(J a iarol Servi on Advent Sunday with all these services being sung by the De Montfort Chamber Choir. The DMU choir a150 sang 3r two other evensongs, Cantores Vagante5 san¥ at the Feast of the Assumption and a joint choir sang at a 9 Le550n5 and Carols 5Èrvice on the evening of the first Sunday of Christmas when the John Bence Muslc Foundation was launched In 8ddrtion, we had a stsid Reouiem Mass on All Souls Day, an Animals SeMce In October and a Bab0s$ service in November. In addition, two other groups held services being the Larvian Lutheran's whc held a Service on the second Sunday of each month from February to June., and the Guild of rhe Servants of the Sanctuary held twjo meetings and had è service afterwards. (St Mary de Castro being one of their regularvenues.I Stsnda¥s 11..OOa.m. Sun8 EJcharistwith sermon Wednesdays 11..OOa.tn. Holy Eucharist 2. sacred space lor perwnal player and contemplatio The PCC en5ures'. Our thurd) and Erounds are well kept and welcominÉ to all. The Parish Church is normally open to members of the public durin8 the week (Monday 10..30 to 12..Q). Tue5d3y. Wednesday and Thursday 12..OOto 14".LNJ." Friday and 5aturd6y 12..OOto 16..00. ndaY¥S abovel. 7,135 people vlsitsd the church in 2024, compared to 6,264 in 2023. 3. Pastal wort includingvisitin8 the sick and the bereaved The PCC 5UPPOrts the work of our group cf Clere¥ whoare responsible for Pastoral Care in the Parish.. All who desire our pastoral sÈMces receive a ministry of care and welcorne. Baptism and confirmation of children and aduks involves faJll preparation, 3 warffl welcorne and ongoing care as evidÈnted by the baptisrn taken by Fr Russell in November. There was one marriage in church in October. Holycomtnunion Is taken to anyone sick at home, in hosprtèl or in rest homes who deyres it. The clergy are notified and parishioners are visited wherTr in h05Pital or boreaved. ThÈ13st rites are administered when appropriate. The bereaved are visited prior to everyfuneral and their loved remembered as demonstrated bythe funera15 of Millie Currle in March and John BÈnce in April. 4. Pvomotson of (hristianity ¢hrou8h Èvents. meetln8s and the dlsirlbuilon of literature The PCC promotes the full ran8e of its attivities through a website. social media, church noticeboards and the church sometimes fe4ture5 in articles in the Leicester Mercury. Page 2
ST MARY DEC4STRO LEICESTER PCC REPORYOFfTrlÉ TRU5fEES FOR THE YEAR ENDED 31 DECEM8ER 2024 fINANa REVIEW Fin•n(i•l p05itsoTr The maln sour£es of incomè continue to include regular givinE by the con8re8ètion togèther wtth gift aid. donation5 and gift5 ariynE Irom Open Door. Expendlture Is cb5ely C(trled in orderto ensure that it is covered byincome. In 8dtllbW, tl ¢hur¢h is increasinV belnz used by a varlety of outside ¢x8ani5atK)ns who are rnaking contrartual payrnents or donati5 to the PCC. These or8anlsatlons include Leicester Cathedral who use St Mary de Ca5tr0 for some of their school 51t5, tSn8 bell ringers. Sound Café Le¢ster, the 8•bOoss Support Or8anisatlon, the Leester lJnNersity Chamber Choir. the D Montfort Chamberchoir, the Leicestershire Cherale, thÈ Cantamlci Choir, ènd Coro Ntro. Totsl intomin8 resources for the year were £55.048 12023.. £49.4061. Expenditure was £39,753 12023.. £4L4211. Plpt galns on investmentstotslled £612023.. £NILI. ¥esuhing in i net surplvs fort yearof £15.30112023.. E7,9851. R¢s¥ve5 poficy The PCC seeks to malntaln adequate reserv2s to ensure all reasonable day to day running costs can be met as wn they fall due, reco8nisin8 the b05ic financial prlnciplethatthe PCC Is responslble forensurfngthatsofvency is mèintsined. The PCC has adopted ¥ serVeS poliry of retaining sufficient lrfiuldity to cover two M¢h$ unrestritted expenditurt. Adoption of the Parish Glwng kheme Is expected to enablethe Pcctoextend thls poli¢y. At the year end the ¢hority hEkJ unrestricted reseNes of £26,552 Includln8 C8sh at bank gNI in h8nd of £25.424. This is constdered sufficlent in Ilne th the above pollcyfor unrestrttted funds. The restricted reserves at the yearnd were £32.241, made up of a £10,380 fixÈd asset in the Organ Fund, E6.1 fixed asset5 in the Securty Fund. £1,075 cash In the Bells Fund, £6,275 cash in the John Bence Memorial Fund, £5,360 cash in the Bell Tower Fund and £2.250cash in the Future ProiÈtts Fund. The totsl re5erwesof the charftyatthe year-end are £58,793 owi*8 to the above. Page 3
ST MARY DE CiSTRO LEICESTER PCC REPORT OF THE TRUSTEES FOR TNE YEAR ENDED 310ECEMBER 2024 FUTURE PLANS We will continue to hold services on Wednesday and &Jnday with the telebrènt bein8 one ef our"ColkEe of Priest$ 311 Of whc gave wonderful Service during 2024. The priests whowere part of the College in 2024 were.. Father Russell Hunt Fatherjohannes Arens Father Chris Oxley Father Alan Hawker Father Stephen Foster Father Barry Naylor Father Bob Stephen core group within the 'College will continue to look after Pastoral matters, including confessions, Sick comrllunions, last rite5 and other matters about which member5 of the congregatlon seek 5UPPOrt, help and guidance from their parish pnest. Thi5 core group corFtains F8ther Philip O'Rellly, F3therJohannes Arens and Frchris Oxley. The day to day administration ol the parish will continue to be led by the Standing Committee and the wider Parochial Church Council as described elsewhere in thls report. Development of the Action peints agreed bythe PCC during 2024 will continue. In summarythese action wints are.. Buildln8Stron8er link5 Wlth the student populètion at De Monfort Univers1ty. including devising Services attractive to student5. Expanding our open Door Programme and provSdinE trainingto new and existin8volunteer Stewards. Further work with the web51te including increa5in8 our presence on social media. Expandin8 the number of events taking place at St Mary's including hosting extemèl services ènd concerts. In 2024 this Included concer15 byt Leicestershire Chorale. the Lelcester University Charnber Chtmr, the CantÈrTliti Choir and Coro Nostro. Continuing to work with Und Café Leicester. who received the King's Award for Voluntèry Service in 2024. Oeveloping our heritagÈ opportunities in conjunction with both De Montfort University arHI Leice5tei Cathedral. Enhance the provision of rnusic at ServiS- in variou5 ways including further enhancing the availability of organists and recruiting additional regular members of the choir which is the key OblertYe of the John BEnce Memorial Fund. Encourage visit5 from other cornmunity 6roups. organlsatlons and schoo15 Examplesihis year included 2 visit in Apri from 70 PHD students at Leicester University led by Profe550r Reiko. a visit from National Heritaee England in April.- a Latvian larnilies church visit In April. six Leicester Cathedral school visits in April, Mayjune and December,. SItS in April and May of 4 group5 Of 55 students from 8rookvale Groby., a visit byTaylor Street School in June,- 8 Kirby Muxloe History Group tour In July, wariou5 ¥lSlts For visiting bell ringers,. and a150 on 14 September keeping the church open with the help of various volunteer5 from 10-. to 18-.OOfor participants in Ride and Stride. Workwll also continue to growthe regular tongreaation and to bulld a sound financial base. srRucfvRE, GOVERNANCE AND MANAGEMENT Governing document The Parochial Church Council of 51 Mary de Castro Is a body corporate eStsished by the Churth of England. The PCC operates under the Parochial Church Counci15 IPower51 Measure 1956. The PCC is an unincorporated charity a5 Its gro income exceeded the £IOO,OM threshold required for registration wrth the Charty Commission in 2018. Registration was completed In November 2019 Our Charrty Registration Number is 1186446. All the members of the PCC are charitytrustee5. Charitycon$titutie The Parochial Church Council is a body corporate established by the Church o+ England. The PCC operate5 under the Parochial Church Council (Powers) Measure 1956 The Church Representition Rules ICRRI wère updated in 2020 and the PCC now folk)ws the CRR 2020 legislation. Full details of which can be found at.. https..Ilwww.churchofengland.orEI. Page 4
STMARY DE CASTRO LE4$TER PCC REPORTOF THE TRUSTEES FOHTME YEAR ENDED 31 DEmBER 2024 ¥rRucnJRE, GOVERNANCE ANO MANAGEMEP ¢)ry•nI1)no1 Stryfture The way In whlch the PCCer8anlses Itself In order to carryoutits aSms and obie¢tfve$ ¢an be seenfrom the Intomiation below-. MEETINGS OFTHE PCC In 2024 21 March - 28 April 18 June - 5 September - 5 Oecernber MEETINGSOF THE ¥fANDING COMMIThE IN 2024 4 March 7 Jijne 16August - 11 November BUSINESS CONDUCFÉD All meetings ol the Council received reports from the Churchwardens and Stsndlng Committee. the Treasurer, the Oeanery Synod representsives, Challenae 900 and the Parlsh Safe8uardittgOffi¢er. In the ob5ence of a Pnest in Charge the meetSn8s are chalred by Chris Phllllps, the PCC Yice£h8i¥man. Some rterns of not¢ Inrlvde.. Careful monttorfn8 atevery meeln8of the financlal performarKe ofthe PCC high quality ¢ontroI and reporting bythe Treasurer. A variety of dlscus51cds relatityto herfts8e Inc1udln8the Herfta8e Sundays programme. Infomiatlon aboutthe flnan¢es and 8tr4eman¢e of ChallenÉe 9fxiand ¢onsiderntlon of the money #vallobleiothe PCCa5 In the object5 of this Charlty. Considerationof tssues raised at meetingsof the Deanerysyntyj as reported trj the PCC byourtwo representatNes. Olseussion of matters relatin8 to the upkeep and repair of the ¢hur¢h buildln& and all the wtyk done by vhrious peop who are re5pon51ble fOrcle3nl flowers, refreshments, 51desrnen, Sery1 Open Door, the Earden. Focuson the clergy rota and the excellent support of èll member5 of the College of Priests. Regular updates on all aspÈtts of the Open Door prograrnrne. Discussn ofthe Soo41 Medla report5 lthlchshow the hl8h quallty3ThY 1mmenselvvaluae work of the Sochl Medla Officer. Detalled d15¢U554on of the Mlnstercomrnuntties PfQP05als via report5from the two Church Wardert5who attended 4 mee¥ngson thls subject. The arrangemènts for the Annual Parrthièl Chvrth fneetin& Consideration ofthe church bn&5. Detalled dlscusslon of all asperts of Sete$, concerts and musk. Dis£u55K)n of thefacuttyfuthe John Bence rnernorial plaque and the plan5 to launth thejohn 8ence Memoriallund. Consideration ofqualfficatlons and coursesfor PCC members. Updatin8 of the Parish Handbook and the Church 8uidÈ books. Jvlie Green w35 oppointed a5 %xial Medla OFficer and herwork has revdutlonised our cornmunKations. Dueto the excellent reports from the Parfsh safeguafdingoffiterthe PCC hès complled wfth its duty undersectlon Sof the Safeiuardin8arMI Clerby Dlxlpllne Measure 2016. 5TANDINfj COMMirrEE:TERMS OF REFERENCE At its meetin8 on 24 FebTUary 2021 the PCC un4nim¢usly JÈreed that the future rnanagernent of parish should led by the Stsndlng Committee. The membershlp Is the two Churchwardens and the two Oeputy Churchwardens wlth Alan Fletther actln& as Chair. Oetsiled minutes are taken and tirculated to the PCC for tonsidÈration and approval of any retommended atbons. The Stsndingcornmfftee met35 noted above. Pa8e 5
ST MARY DE CaSTRO LEICESTER PCC REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRvcfuRE, GOVERNANCE AND MANAGEMENT Recruitrnent. inductiLsn and training of PCC members The Churchwardens have the rnain role in this area at St Mary de Castro. They identify mÈmber5 of the congregation who have the titne and talènts which oualsfy them io be PCC members and Charity trustees. They ensure that, once elected, new PCC members are familiarised with their responsibliities,. and thi5 work 15 supplemented by PCC rnember5 èttpnding cour5e5 on a variety of i55ue5 offered by the Leicester Diocese, The information received at such training 15 reported to the PCC at Subsequent meeting5. Challwge 9(K) andThe Friendsof St Mary Oe C05tr0 This is 8 sepèrate charity which rai5esfunds in orderto assist the Pccin fulfillinethe parish rnission. Risk management The principal risks and uncertalnties fadngthe PCC are governènce risks, operational risks, financial risks and regulatory risks. In summary the plans and strategies for managing these risk5 are.. Govemance rlsks the arise in particular in relation to the ski115 and competence of members ol the PCC. Members of the Council are elected because of their commitment to the mission of St Mary de Castro and because of the diverse range of ability and expenise they bring to the rnanagement of the parish. There is è risk thaL in future, it will not alwtys bÈ possible to recruit sufficient people to the charity with the skills required but CafUl attention is paid at all times to the needs of good succession planning a5 descri bed above. Operatlonal rlsks- the risks here are, in particular, In relation to the protection of children and vulnerable adults. and health and 33lety. The PCC ha5 a Child and Vulnerable Adults Protection Officer and reviews and approves an appropriate policy annually. The Church Wardens and rnembers of the PCC arÈ currently in the prote55 of completin8 the rquired Sèfeguarding training. In addition, there Is re8ular contact with the specialists in thi5 tield employed by the Leicester Diocese including attend3nce 3t trBininE courses operated by the dioc e5e. An independent Children's Advocate has been appointed bythe PCC. A Health and Safety pollcy has been approved and adopted by the PCC In addition. both 3 policy and trainin8 manual for people whovolunteer as part of Open Door are being prepared. A Fire1115k Assessment has been done Finantial rlsks there are a varSety of risks In relation to the finances of the PCC.. to regular wving, reserves and cashflow. The PCC is comrnitted to reviewing Iniorne and Expenditurè to ensure that the Parish remains solvent. Regulatory risks the main re8ulatory risks are chlld and vulnerable adult protection Isee above), Health and Safety 15ee above) nd data protection. The General Data Protection Regulations corne in force on 25 May 2018. The PCC agreed a GDPR policy at its meetinÉ on the 6th June 2018. REFERENCE AND AOMINISTRATIVE DAll5 Registered Chaty number 1186446 Prinupal addiess St Mary De Castro Church Castle Street LEI 5WN Page 6
sr MAfiY DE WTRO LEICESTER PCC REPORT O¥THE TRusfEES FOR THE YEAR E140ED 31 DECEM8ER 2024 Tvustees We are the Parochial Church Countsl of The Collegiate and PaT15h Church of St Mary de Castro Leicestsr located at 15 cast StreÈ¢ Castle View. Near Caswe Park, leicester LEI SWN. The Chtsr£h Wardens are the peaple to whom da*to4ay rnanaiement Is delegated. The members olthe PCC durinEthe year were aslollow$'. Chris Phillips Ichurchwafden and Vicechalrman of the PCCI Alan Fletcher (Churchwarden, PCCSecretary and Elertoral Roll OFfterl Paul Kellett (Deputy Churchwardenl Sheila West (Dpputychurchwarden and Open Door co-ordinator) Andrew Green ITreasurer at)d Organist) Mlchal Kmet IPari5h Sofeguarding Officer, resigned 114D41 Cheryl Utecht (Parish Safe8uardin8 Officer, appointed 28141241 Vlc A51sop (Deanery Synod representstwe and Chair ofChallen8e 9001 Tony Wells (Gift Aid Officer) Mark Haworth (Parlsh Liturgistl Stephen Popple IDe4nery Synod repre5entstNel Independem Examlner Mr N A King51ey FCA Ouncan & Toplls Umlted 3 PrSncesCourt Royal Way Loughborough Leitestershire LEII 5XR 8ankers The PCC banker5 are.. Natwest I GTJnby Street Leicester LE16 Arthlte£t The retalned archf(ett i5= Eleanor McEvedv E. 8. McEvedy Historic 8Ltlklhg Consultants The Old Rectory 8 Water Lane Stathern Lelcestershiie LE14 4HX Approved byorderof the board Of trustees on.................. sS8ned on Its behalf by.. C ?Q(-+. Mr C Phillips- Trustee Paee 7
INDEPENDE EXAMINER'S REPORTTO THE TRUSTEES OF ST MARY DE CASTRO LEICESTER PCC IndependÈnt examer.$ reptyt iothe tru5tee5 of St Maryde Castro Leicester PCC I report to the charty trustee5 on my exarnination of the accounts of St Mary de Castro Leicester PCC (the Trust) for the year ended 31 Decernber 2024. Responsibilities and basis of report As the charity trustees ol the Trust you are responsible for the preparation ol thè atcounts in accordance with the requirements of the Charlties Act 20111.the Act'l. I report in respert of my examinatlon of the Trust's ?ccount5 carried out under Section 145 of the Act and in carryini out my examination I have followed all applicable Dirèctions Éiven bythe Charity Commlssion under Section 145lSllbl of the Act. Independent examiner's #atement I have completed my examin3tion. I CDnfirrn that no material matters have come to my attentlon in Connecti with the ex3rnination giving fTFe cause to believe that in any rnaterial respect.. accounting records were nor kept In respect of the Trust as rÈquired by Section 130 of theAct' or the account5 do not accord with those records,. or the accounts do not comply ryth the applitable requirements concernlnE the form and content of accounts set out in the Charities IAccounts and Reporrsl Regulations 2008 other than any requirernent that the tccthjnts 8ive a true and fair vlew which is not 3 matter considered a5 part of an independent examination I hive concern5 and have come across no other matters In connection with the exarnination to which attention shId be drawn in this report In order toenabl2 a proper understanding of the accounts to be reached. Mr N A Kin8sley FCA Duncèn & Topli5 Lirnited 3 Princès Court Royal Way LouEhborough LEII 5XR D*e'. Page 8
STMARY DE C4STRO LEICESTER PCC STATEMEMfoF FJNANaALACTtVlTIES FORTHE YEAR ENDED 31 DECEMBER 2024 2024 Total fuThJs 2023 Totsl fvnds UnrestriLted fund Restrirted fiJnds Notss IKOME AND ENL)OWMÉNfs FROM Donationsand legaues 39.316 10.636 49.952 44.764 tharltableactlvltles Charit#bleArtNities 4,359 675 4.641 InvestmÈnt iAtomÈ 62 62 43,737 11.311 55.048 49,406 PENDrrvREON Chorft4>le artl¥ltle5 Charitable Actlvltles 37,807 39,753 41,421 Net lalns on Investmepits mINcOME 5.936 9,365 15,301 7.98S REC(IPKILIATION OF FUNDS Totsl fvnds brought fward 20,615 22,876 43,492 35.507 TOTAL FUNDS CARRIED FORWARD 26,551 32,241 58,793 43.492 The notes form part of the5eflAanclal statements Pa8e 9
STMARY DE CSTRo LEICESTER PCC STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2024 2024 Totsl funds 2023 Total funds Unrestricted fund Restricted funds Notes FIXED ASSErs Tangible assets Investments 12 13 17,281 17.281 2.890 19,126 2,890 2,890 17,281 20,171 19,126 CURRENfAssETS Debtors Cash at bank 14 3,055 25.424 3,055 40,384 2.964 31,381 14,960 Z8,479 14,960 43,439 34,345 CREDITORS Amount5 fallingdue within one year 15 14,8171 14,8171 19,9791 NET CURRENT ASSErs 23.662 14,960 38,622 24,366 TOTAt ASSEfs LESS CURRENT LIABILITIES 26.552 32.241 58,793 43,492 NET ASSErs 26.552 32,241 58,793 43,492 FUNDS Unrestricted funds Restricted funds 16 26,552 32.241 20,616 22.876 TOTAL FUNDS 58,793 43.492 The financi31 st8lement5 were appmved by the Board of Trustees and avthorised for issue on were signed on rts behalf by.. Mr A K Fletrher- Trustee Mrc Phillip5- Trustee The notes form part of these tinancial stitements Pa8e 10
ST MARY DE CASTRO LEICESTER PCC P40TESTOTHE FINANCIALSTATEMENTS FOR YHEYLAR ENDÈD 31 DECEMBER 2024 GÉNERALINF0RMA0N The Parochial Church Councll of The Collegiate and Parish Church of St Mary de Castro ieicester, known as St Mary De Castro Lelcester PCC, is a regitte th8fity in En814nd an(J Wales. The Charity's règistered numbèr 1$ 1186446 and prlndpal ddre$5 15 St Mary De CA5troChurcb, Castle Stree¢ Leicester, LEI SWN. The ftn8ncial ststements thre presented in 5terfin8 whh is the funttional ¢iJrrency of the chority )nd rounded io the neare5t£. The significant accounting policies appl in the preparation of these financial statements are Set out below. These pdtcies have been applled to all years presented unless otherwise stated. The financial statements cover the 1ndNUal enty. The entitycon5titute5 a pvblic berefrt entity a5 defined by FRS 102. No rnaterlèl un¢ertalntle$ Tr14ted to 8oln8torer. ACCOUPlnNG POUOES Ba$01 preparln6 thefinandal statements The finantlal statèment5 of the ¢h•rity. which is a publlt benefit eritity under FR5 102. have been yepared In accordance with the Ch3rifje5 SORP IFRS 1021 'Accounting and Reporting by Charitles.. Ststement of Recommended Practice 8pplicabl¢ to charitles preparin8 their accounts in accordance with the Flnancial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 leffecbve l Januiry 20191,, FinirKial Reporting Standard 102 The Fiftèncial Reporting Standard applicable in the UK and ftepubllc of Ireland, and the Charftles Aci 2011. The financi31 ststement5 have been prepored under the historfcal cost conventio), with the exception of investments WCh are Included at market value, as modlfied by the revhluati¢)n Of certain assets. The accourts lfinancial statements) have been prepared to 8Ne a'true ar faif, view and have departed from the Chari¥es IA£wunts and Report51 Re8ulatK)n5 2008 only to the extellt required to provide o 'tTue and fair vie. This departure has Irwolved followlng the relevant verslon of the Staternent of Recommended Practlce applicabte to thartt5 Pfeparing thelr accounts in accordaneÈ with the Financlal fleportlry Standard applicable in the UK and Republlc of Ireland IFRS 1021 rather than the A¢¢ountin8 and Reporbng by Choritie5'. Ststement of Re£0Mnded Pra¢tice effectwe l April 25 which ha5 slnce been ¥thdrawTr. The tharyty has taken advantage of the following disd05ure exemption prepaTin8 these financial ststemefits. 4$ permltted by FRS 102 The nancIal Reportln8 Standard applIe In the UK and Republlc of Ireland,: the requlrementsof seCtn 7 Ststement olcash FSo+s. CFltlcal acu81d1erneDts artd key%wJicesof estlmatlon ufi(ertalnty In the applicatlon ol the charitable ¢ompany's actntIng policies, management is Tequlred to make jud8ements. eSMateS and assumptlons about the corryinE value of a55et5 and liabllitie5 that are not readily aprent from other 50urce5. estlmates and undertyift8 assumptlons are based on historkal experfence and other factors that are consklered to be relevarrt. Actual results maydifferfrom these estimates. The ektimates and underlying assumptions are revTrewed on an on8oin8 bèsls. Revisfons to aceountlng estlmates are recognised in the period in which the estirnate is revised if the revision affert5 only that period, or in the period of the revlslon andfirture pedcds ff the revlslon affects both current and future perk)ds. There are no crftical accountln8 judgements or estimation urKertainty tha( In the opinion of the trustee5, wrfl have a material effe¢t on thefinan¢ial staiements. Lewies ore acrounted for as scon as the PCC Is r%Xified of it5 legèl en¥ilerrnt 8r¥l the amount ts qUanfiabk and Its uldmate yeIPt bythe PCC15 consldered reasonabtycertaln. Grants and donations. including government grents. are included in the SOFA when any precondition5 preventing their use bythÈ PCC have been met. For collections and planned 8hfln8 thls Iswhen thefuThls ère recefved. VAT recovered from the Department of Culture. Medla and Sp&t Usted Place of Worshlp Scheme is Included when receipt bythe PCC Is consldered re450nabty cert4in. Page 11 contined...
ST MARY DE CASTRO LEICESTER PCC NofES TO THE FINANCIALSTATEMENTS- tontinued FOR THEYEAR ENDED 31 DECEMBER 2024 ACCOUNTING POUCIES- continued Inwme Income tèx rècoverab on GiftAid is recognised at the same time as the income. Funds raised by fetes and othersoclal events are accounted forEros> Rental income from the lettingof church properties is rewEni5ed when tFE rental 15 due. The PCC receives substantial practical &s5i5tance frorn individual thurch member5, but the finincial value is rnainly unquantifiable. and no attempt is made to rellect this in the accounts. Expendii¥re Liabilitie5 recognised as expenditure as soon as there is a legal or constmttive obligation committing the charity ta that expenditure, it 15 probable that a transfer of econornic benefit5 will be required in Settlement and the arnount of the obli8ation can be measured rellably. Expenditure is accounted for on Hn accruals basls and has been dassified under headin85 that 38gregate all lost related to the cate80ry. Where CLTrSts cannot be directly attributed to particular headin85 they have been allocated to activitie5 on a basi5 con51Stentwith the use of re50urce5. Tarbgible fixed a55e15 Tangible fixed assets are stated at cost le55 accumulated depreciation ènd accurnulated impairment losse5. Cost includes costs directly attributable to makin8 the asset cèpable of operatin8 as Intended. Depreciation is provided on all tsngible fixed assets. at rates calculated to write off the c05t. le55 estimated residual value, of each asseton a systematic basis over its expected useful Ilfe a5 follows.. Organ Fixtures & Fittings Straight ne over 15 years Strai8ht Une over 10 years t each reporting date fixed assets are reviewed to determine whether there 15 any indication that those assets have Suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affectsd asset is estimated and cornpared with its carrying amount. If the estirnated recoverable amount is lower. the carrying amount 15 reduced to its estimated recoverable amount. and an Impairment loss is recognised immediately In the income statement. If an impairment 10$5 subsequently reverses. the carrying amount ol the asset is increased to the revised estimate of it5 recoverable amount. but not in excess of the amount thai would have been determined had no impairment loss been recogni5ed for the a55et in priOrar&. A reversal of an impèirrnent is rÈco8nised immediatèly in the income 5taternent. Taxation The charity is exempt from tax on its charitbblÈ artMtiÈs. Fund attoufiting Unrestrirted funds can be used in accordance wththe charitable objectives atthe discretion of thetrustees. Restricted funds can orily be used for parbcular Te5tricted purposes wtthin the objett5 of the charity. RestricbS arise when specifled by the donor orwhen furd5 are raised for particular re5tritted purp05e5. Further explanation of the nature ind purpose of each fund 1$ included in the notes to the financial Statements. Debtor5 aTrd creditors retewable I payable thin ome year Debtors and creditors with no stated Interest rate and receivable or payable within one year are recorded at transaction prite. Any losses arisin8 from impaimient8re reco8nised in expenditure. Page 12 continued,..
sr MARY DECASTRO LEICESTER PCC NOTESTOTrIE FIPIANCIAL STATEMENTS. wntlnued FOR THE YEAR ENDED 31 DECEMBER 2024 DONATIONSAND LÉGAaES 2024 2023 Donions Gfft ald Legacies Grants Planned 6lvlng Collections at servlces 22,980 5.059 2,0 5.360 13,354 1.199 17,748 4,359 5.630 13,013 3,014 49,952 14.764 Grants reCee. irKluded inthe above. are as fdlows.. 2024 2023 Heritage lottery Fund Leicester DI01 5.630 5.360 5,360 5,630 Intluded Wthin grants abcwe is £NII12023.. £5,6301 frorn the Herlta8e LottÈry Fufid, thich is a govemmert yant a5 deth'ned bythe SORP. IPIVESTMEiif INCOME 2024 2023 Investrnentfvnd Income DeposltaccouTrt interest 59 62 CHARrrABiE AcrivmESC05rs Direct Costs (see note 61 Support C05ts15ee noie71 Tota15 CharitsbleActfvlles 34,889 39,753 OIREcf COST5 OF CHARITABLE AcfiviTIES 2024 2023 Chu¥ch running e¥pen5es Church repalrs and malntenance Trsurance Parlsh share Statlon¢ry and publIclOn$ Or8aolsts 16.311 2,295 12.586 2.2 187 20,163 3,711 9.613 150 LIOD 34,889 36,737 Page 13 terttinued...
ST MARY DE WTRO LEICESTER PCC NOTES TOTHE FINANCIALSTATEMENTS- ntinUed FOR TrIE YEAR ENDED JI DECEMBER 2024 SUPPORTCOSTS Governance 5t$ Other Totals Charrtable Attivities 1,846 3,018 4.864 Support tosts. included in the aExJve, are as f105.. Other 2024 2023 Tot31 acti¥ryties Actiwties Depreciètion of tangiblefixed asset5 1,846 1.846 Governance costs 2024 Charitab Atti¥itie5 2023 Total IrTrdependent examination fees 3,018 2,838 INDEPENDENT EXAMINERS, REMUNERATION 2024 2023 Independent examination 3,018 2,838 TRUSTEES, REMVNERATION AND BENEFITS There were no trustees, remvneTation or other benefits for the year ended 31 Decernber 2024 nor for the year ended 31 Dember 2023. Tru5tees' expenses In 2024 two tru5tee512023.. NIL) were paid £92112023.. £NILI to reimburse charitable expenses incurred. io. STAFF C05T5 There were no employees during the Current or prior year. Detsils of trustees and PCC members are noted in the trustee5' report. ii. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestricted fund Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 36,734 8,03D 44.764 tharitable actiwitie5 4,641 4,641 Investment Income 41,376 8,030 49,406 EXPENDITURE ON Charitable actitieS 32.858 8,563 41,421 Page 14 continued...
STMIRY DE CASTRO LEICESTER PCC NOTES TOTHE FINANCIALSTATEMEMfs- witlnued FOR ThÉ YÈAR ÈNDED31 DECEMBER 2024 IL COMPARAnvES KIR THE STATEME14TOF HNAP4CIALAcnvmES- contlnued Unrestricted fund Restricted nds Total fijnds PIET INCCAMeiiEXPENiNTUREI 8.518 15331 7.985 RECONauATION OF FUNOS Total fvrKls bfought forwar 12,098 23.409 35,507 TOTAL FUNDsfARRIED FORWARD 20,616 22.876 43.492 li TANGIBLE FIXED ASSETS Flxtures and flttin85 Organ Tots15 At l January2024 and 31 December 2024 12. 22,758 DEPREOAnoN At l January2014 Charge for year 1,660 1.972 3,632 IB45 At 31 De¢ember2024 2,520 2,9S7 5,477 PIET BOOKVALUE At 31 Dttember2024 10.380 6,901 17,281 At 31 December 2023 11.240 7,886 19,126 FIXEDASSET INVESTMeNTS Listed investments mARKVALUE Addon5 Revaluations 2.884 At 31 December 2024 2.890 NET8OOXVAWE At 310etÈmber 2024 2,890 At 31 December 2023 There weie no Investment èssets outsldethe UK. Costor valuafjen at 31 Llember2o24bs represented bv.. Ltsted investments Valoètlon In 2024 2,890 Page 15 centinued...
ST MARY DE CASTRO LEICESTER Ptt NOTESYO THE FINANCIALSTATEMENT5- comlnued FOR THE YEAR ENDED 31 DECEMBER 2024 14. DEBTORS.. AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Otherdebtors Prepayments and accrued incorne 1,091 1.964 417 2,547 3,055 2.964 CREDITORS.. AMOLINTS FALLING DUE WITHIN ONE YEAR 2024 2023 Acrnjed expen5e5 4.817 9,979 16. MOVEMENT IN FUNDS Net movement In funds At 31.12.24 At 1.1.24 Unrestricted fund5 General fund 20.616 5,936 26,552 Restricted fuThd5 Security fund Orian fund Future project5 fund Bells Fund John Bence Memorial Fund 8ell Tower Fund 7.886 11,240 2,250 19851 18601 6,901 10.380 2,250 1.075 6.275 5,360 575 5.275 5.360 1,000 22,876 9,365 32,241 TOTAL FUNDS 43,492 15,301 58.793 Net movement in funds, intluded irithe above are as follows.. Incoyning resources riesources expended Gèins èrTrd 5$es Movement In funds Urwesir¢cted funds General fund 43.737 137,8D71 5,936 Restritted funds Security fund Organ fund 19861 18601 IICM)I 19851 18601 575 5,275 5.360 675 5,275 5,360 Ji)hn Bence Memorial Fund 6ell Tower Furvj 11,311 11,9461 9,365 TOTAL FUNDS 55,048 139.7531 15,301 Page 16 continued...
ST MAAY DE C4STRO LEICESTEA PCC NOTE5 TOTrIE FINANCIALSTATEMENTS. ¢•ntlnu•d FOR ThE YEAR ENDED 310ECEMBER 2024 16. MOVEMENf IN FUNDS- contlTrued Cornwrotiveskn movement in fund5 Net rnovement In funds At 31.12.23 At 1.1.23 Unrestrtctedfunds General fund 12,C88 8,518 20.616 Re#rittedfufid$ Securw fund Organ fund Enerzyfund Future proctsfund 8¢lls Fund John Bence Memorial Fund 8,872 11,200 1,087 2,250 19861 7,886 11,240 11.0871 2.250 1.000 I.WD 23.409 15331 22.876 TQTALFVNDS 35,507 7,985 43,492 Ctynparotnie net movement infijnds, inctuded Inthe above are asfollows.. IncomtnE resources Re50urce5 expended Movement n funds Unrestrlcted fwd5 Gener•1 fvrnl 4L376 1318581 8,518 Restrlcted fvnds Security fund Oryan fund Ener8y fund Welcome fund 8ells Fund John Bence Memorial Fund 19861 18601 11.0871 15,63Ql 19861 40 11,0871 5.630 1,000 8.030 18.5631 15331 YOTAL FU140S 49.406 141.4211 7.985 The Securlty Fund ThÈ Security Fvnd is in respect of a new ccrv system purchased usln8 a 8rant received from All Churches Trust and a restricted donation from Challenze 9Charitable Trust toward5the improvementof se¢uT4tylt the ¢hurch. Th Or84th Fyrtd The Oryan fund Is wlth respectto the or8an purchased In 2022 with a restricted donation from Ch4ller¥e gx). The Enqrzy Fund The Energy fund relates to 8 yant receNed from Lelcester CofE In 2022 to a5SiSt the charity in covering the cost of its electrKity. The Future Proietts Fynd The Future Preiects fund is in relation to an underspend on the monie5 Tecewed from Challenge 900 Chèritrbk TnÉst. The trustees of ChallÈn8È W have given thelr permlssion for the charfty to hold the rernalnln8 funds to allocate to è luture project which has not yet been decided. Th4 8ell$ Fund Monie5 receNed towardsfuture MaIntenan ofthe church bells. Page 17 contfjnued...
ST MARY DE TRo LEICESTER PCC NOTES TOTHE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 DE(%MBER 2024 16. MOVEMENT IN FUNDS- wntinued Welcome Fund Fundin8 recelved towards buildin8 a new welcome area in the church. John Bence Memorial Fund The Music/Choir Fund has been renamed the John Bence Memorièl Fund, Ènd consists of monies reIved towards the pkeep and running of the church choir. The Ben TLwer Fund Funding recieved towords repairs of the bell tower staiicase. 17. RELATED PARTY DISCLOSURES Donations tot811ing £NIL 12023.. E3,968 tow3ids an organ rnidi 5YStern, the inspection of the bell tower stairway and pkeep of the church a13rm sy5ternl were received from ST MARY DE CASTRO CHALLENGE 900 CHARITABLE TRUST known as"Friends of St Mary a separate charrty set up to raise funds fcr St Mary De Castro, who has mutU31 trustee5. Furthermore, durinE the year, St Mary De Castro Challenge 9LK) Choritable Trust incurred expenditure totalling £L857 12023.. £NILI tDwards repairs Ènd maintenance co5t5 of the charity. These arnounts have been recognised within donatyons nd repair54nd rnaintenance within charitèble activities c05t$ ill the SOFA. Furtherrnore, during the year, St Mary Oe Castro Challenge 900 Charitable Trust trBnslerred an investmeni fund containing £2.884 Into the narne of the charty. This amount ha5 been recognised within donation5 and fixed asset Invettments. Duringthe yearone trustee received £1,25012023.. ENILI in Orsani5t Honorariijm payrnents. The total value of donations wlthout conditlons made by Trustees to the Charity durin8 thÈ period was £8,197 12023.. £9,837). At the year-end there was nothln8OV4ed by 5t Mary De Castro Challen8e 900 Charitable Trust to St MBry de Castro PCC. P3ge 18