REGISTERED CHARITY NUMBER.. 1196983 REPORT OF THE TRUSTEE5 AND UMAUDIYED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR ST MARGARET'S CHURCH. IEICESTER TC Group 31 High Wiew Close Hamimon Office Park Leicester Leice51ershire LE4 9LJ
ST MARGAREf's CHVRCH. LEICESTER CONTENTS OF THE FIMANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Reptyl ol Ihe Trustws Independent Exomlnef$ Report stal•m•nt of Flnonclal A¢ll¥lMes Balance Sheet Notes to the Flnanclal Slolements 6 10 12 Detalled Slotemenl ol Hrbanclal Actlvllles 13 10 14
ST MARGARET'S CHURCH. LEICESTER REPORT OF THE IRVSTEES FOIt ThE YEAR ENDED 31 DECEMBER2024 Ihe Irv51ees PTe5ent th8ir report with the financial 51olemenf5 of the chorfty for the yeor ended 31 December 2024. The Iru51ee5 have adoptèd the provisions of Accounting and Reporting by Charllles: stolemenl of Recommended Practice applicoble lo charities preparing their accovnts in accoTdance with the Finonciol Reportin9 Slandord opplieable in the UK and Repvblic of Irelond IFRS 1021 (effective l Janvary 20191. FINANCIAL REVIEW Revlew ol the yeor Church oclivify throughout 2024 continued 0$ normol with weekly Sunday Svng EuchorS5l ond Wednesday said Communion Services. together with monlhty Saurday collèe momings. In oddilion, the Church remalned open for heriloge visi15 011 day Wednesday. The mon Sourc ol income were Sunday service collections. planned-givlng, ond tox refunded on covencnled donotions. Tris income was supplemented by car porking lees and renl from Chvrch House, the Church ond Hall. Other fund raising remoined al Ihe some ve1 os 2023 and inclvded the monlhly coffee momings and after s&rvice rèfreshments. No beqvesls or grants were received in 2024 ollhough 0 Significant omounl in reclaiméd VAT wos received from the Listed Places ol Worship scheme. Income from investments remained ol the some level a5 2023. Mojor items of expendilure Included our P¢yish Contribution, which wo5 incr8¢xed by IO% on 2023. Lighl, Heot onol Powei c05f5 were slithlly r¢dvced from th& previovs year. Necessory repairs lo the Chvrch and organ were made as required. In addition. o Conservation Management Plan wos prep(Ked by an ovlside consultant During the year the PCC organi5ed 'Ride & Stiide, ond Heritage Open Doys. Iwch for the Polronal festival and a 'care and share, Ivnch for Horvesl festival. The PCC also supported the Open Hond5 Trvsl Charity, the Church Mission Society. benche5 lor Kitelo.Tanzania. the Church ol Engbnd Children's Society, Lord Mayorfs Appeol, Bilhop's Lent Appeal and Christian Aid. In oddilion, Ihe PCC 5UPPOrted Leicester Hi5tori¢ Chvrches Trv51 wth an event in their 60th AnThversary y80r. STRUCTURE, GOVERNANCE AND IAANAGEMENr Goveinln9 document The chaiity is conlrolled by ils goveming documenl. a deed ol trust and constilules on unincorporated charity- Charty namè The Porochiol Church Council ol the Ecclesiastical Parish of the Abbey. Leicester. Known 0$ Sl MargareY5 Church LeeSter. r¢EFERENCE AND ADMINISTRATIVE DETAILS R•glslred Chovlty nvmber 1196983 Prlnclpal address 58 Park View Shomlord Hinckley Leicestershire LE103PI Page I
ST MARGAREfs CHURCH. LEICESTER REPORT OF THE TRUSTEE5 FOR THE YEAR ENDED 31 OECEMBER 2024 Iwslees S Franklin (resigned 28.4.241 Mrs M Gillespie Mrs C N Fonklin Mrs M 8elcher Ire5igned 26.10.241 J Slor5more C J Newman Mrs K B Harpin (resigned 28.4.241 RevCononDr N J Rooms Mrs M A Freer lappoinled 28.4.241 Independenl Exomlner TC Group 31 High Viewcbse Homilton Office Park LeicesleT Leicoslershire LE4 9U Approved by order of the board ol Iruslees on 7 AFXII 2025 and signed on its behalf by.. Mrs M Gille5pie- Trvslee Poge 2
INDEPENDENf EXAMINER'S REPORT TO THE TRUSTEES OF ST MARGARW5 CHURCH. LEICESTER Independent exominerfs report b the Iteel ol Sl Maigaid's Church. L•k•ster I report lo the chorfty trustees on my exarrwnalion ol the occovn15 of Sl Margaiel'5 Church. Leicester (the Tn)sll for the year ended 31 December 2024. Re$ponslbNIHes and bash ol r•port A5 the charity Iruslees of the Trust you cye responsible lor the preporolion of the occounls In accordance wilh the requirements of the Chorilies Act 2011 I'lhe A¢l'l. I report in respect of my examination ol the Trust's accounts COled oul vnder SectK)n 145 of the Act and in corrying out my examination I have followed oll opplicoble Direclions given by the Charity Commission vnder Secfion 14515llbl ol the Act. Indepèndent exumSn•rfs stat•m•nl I hove completed my examination. I confim Ihal no material mallers hove come to my ollenlion in conneclion with the examination giving me cause to belièvè that in ony moterial respect.. accounting records were not kepl in respect of the Trust as required by 58clion 130 of the Aet- or the a¢coun15 do not accord with those records.. or the (Kcounls do not comply with the applicoble Tequiremenls concemin9 the lorm oncj content of oceovn15 set oul in the Chorities (Accoun15 and Reports) Regulations 2008 other thon ony reqviremenl Ihol the occounts give o true and fair view which 15 not o molter considered as part of an independent exorywnotion. I have no concèms ond hovg come across no other mallers in connecllon with the examination lo which otlention should be drcwn in this rèport in order lo encknle a proper understanding of the occovnls lo be reached. Jordon Denr45 ACA TC Group 31 High View C105e Hamilton Office Park Leicester Leicestershire LE4 gLJ 7 April 2025 Poge 3
ST MARGAREfs CHUItCH, LMCEsfER STATEMENT OP FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Tolol hjnds 2023 Tolol funds Unrestricled lund5 Restricted lund5 Notes INCOME AND ENDOWMENTS FROM Donalions and 0cleS 20.668 20,667 33,772 Investment income Other income 16.473 223 1.017 17,490 17,817 32,924 Total 37.364 1,016 38.380 84.513 EXPENDITURE ON Charltable actSvNles Charilable Acllvities S8,067 58.067 92.708 Nel goins on invgslmgnts 3.657 3,7 12.557 NEf INCOMEI{EXPENDITURE) Tion$fers behveen f¥nds 117.0461 3,089 1.016 13,0891 116,0301 4,362 Nel ffKwement In fvnds 113,9571 12.0731 116,0301 4,362 RE¢ONCILIAnoN OF FVNDS Total lund5 brought f¢Jward 163,392 19,365 182,757 178,39S TOTAL FVNDS CARRIED FORYIARD 14?,435 17,292 166.727 182,757 Ihe not8$ fomi port of these financial stolements Poge 4
ST MARGAREfs CHURCH, LEICESTER BALANCE SHEET 31 DECEMBER 2024 2024 Total funt* 23 Total funds Unrestrided funds Rèstricted lund5 Notes FIXED ASSErs Investmenls 142.986 142,986 147.329 CURRENT ASSEIS Debtors Cosh ot bonk 4.941 5.668 4,941 22,960 11,455 28.128 17.292 10,609 17,292 27.901 39,583 CREDITORS Amounts falling due wlhin ¢)ne year 14,1601 14,1601 14,1551 NET CURRENT ASSETS 6,449 17,292 23.741 35,428 TOTAL ASSETS IESS CURRENT LIABIUTIES 149.435 17.292 166,727 182.757 NET ASSETS 149.435 17.292 166,727 182,757 FUNDS Unrestricted funds Roslricled fvnds 149.435 17.292 163.392 19,365 TOTAL FUNDS 166.727 182,7S7 The financial slolemenls were approved by the 8ocYd of Trvslees and oulhorised lor issve on 7 Apnl 2025 cnd were signed on its beholf by.. M Gillespie- Trustee The notes form p¢Jrt of these financial sfolements Page 5
SI AIARGARET'S CHURCH. LEICESTER NOTES TO THE HNANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POUCIES Basls ol preparfng the flnanclal stalements Ihe financial slalemenls ol the charity, which is a public b8nelit entity under FR5 102, h(we been prepaTed iri occordance with the Charities SORP IFRS 1021 'Aeeounling and Reporting by Charities.. Slalemenl of Recommended Proclic& opplicable to charities preparing their accounts in occordonce th Ihe Finonciol Reporfing Slandard applicable in the UK ond Repvbtic of Ireland IFR5 1 D21 leffeclive l Januory 20191,, Flnoncial Reporting Standord 102 Ihe Financid Reporting Standard appficable in the UK ond Republic of Irelond, ond the Chorities Act 2011. The financial statements hove been prepared vnder the historical cost convention, wlh the exception of inveslmenls whlch are Included ot market value. os modiffed by the revaluolion ol certcin ossets. Income Legocies ore aeeovnted lor a5 soon os the PCC i% nolilied of 115 legal entillemenl and the amount is quanlifi01e and its vllimole receipt by the PCC 15 considered reasonabty certain. Gr(nls and donalior)s are included in the SOFA when any preconLlilions preventing their use by the PCC have been met. For collections and plomed gwing thi5 15 when the funds are received. Income tox recoverable on Gifl Aid is recognis8d al the some time os the income. Donated assets are occounled for 0$ soon 05 they are received ond are incfwjed n the occ¢un15 al a reasonoble &slimafg of their value. Funds raised by fétes ond other soclal events are occounled for gross. Rental Income from Ihe letting of church prop8rties is recognised when Ihe rental is clue. Dividends are accounled for when declared receivabfe. interest as and Mlien occrved by th6 payer. The PCC receive5 svbslanlial praclicol asslstonce from individual church membe, but the finonciol value is mainty unquanlifioble ond no oltempt 15 made lo rellecf this in the occounls. Expendllure Liabililies are recogni5ed cs expenditure os soon 0$ there 15 a gOI or conslruclive obligation committing the charity to that expenditure. il is probable that a Iransler of economic benefits will be reqvired in selllemenl and the omovnl of the obligation can be meosured refiobly. Expenditure is occounled for on an accrva15 basis and has been ckjssilied under heodings that aggregate all cost lotecl to the colegory. Where costs conn¢t b& dIreCY attributed lo particular heodings they hove been ollocaled to activitie5 on o bosis conslslenl wlh the use of resources. Gronls ollered subject 1¢ conditions which have not been mel ol the yeor end dote are noted as o commilmenl bvt not accrued as expenditure. Tax00 Tre charity is exempl from lax on its charitable oclivilies. Fund ¢¢¢ounlln9 Unreslricled funds can be used in accordance wilh the Charitab objectives ol the discrellon of the trv51ees. R$slricled funds con only be used for particular restricted pw)oses withfjn the objec15 of the charity. Restricllons orise when specified by the donor or when fvnds ale Tai5ed for particular restr¢cted purp05e5. Further explanation of the noture ond purpose of each fund is included in th& notès lo the financial slotemenls. Poge 6 contirKJ&d...
ST MARGARET'S CHURCH, LEICESTER NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 INVESTAIENT INCOME 2ff24 2023 Rents receNed Inveslmenl income 10,778 6,712 I1.5 6.012 17.490 17,817 TrVSTEES' REMUNERATION AND BENEFITS There were no Iruslees, remuneration or other benefrt5 for Ihe year ended 31 Decer¥er 2024 nor lor the yeor ended 31 December 2023. Tntstees, expenses There were no trvslee5' expenses paid lor the yéar &ndad 31 December 2024 nor for the year ended 31 December 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivifiES Unreslricled ftJn4s R8slrict&d fun¢Ys Totol bJnd5 INCOME AND ENDOWMENTS FROM Donations and legaci8S 33.772 33,772 Inveslrnent income Other income 698 17.817 32,924 32.924 Total 83.815 698 84,513 EXPENDITURE ON Choriloble tsctNilies Charitable Activitie5 92.708 92,708 Nel galns on inve51menls 12,557 12.557 NET INCOME Translers befvieen Ivnds 3.664 8,221 698 18.221 4,362 Nèt mov•m•nt In lunds 17.5231 4.362 RECONCILIATKIN OF FUNDS Tolol funds brought forwc¥d ISI.507 26,888 178.395 TOTAL FUNDS CARRIED FORWARD 163,392 19,365 182.757 Poge 7 continued...
ST MARGAREfs CHURCH. LEICESTER NOTES TO THE HNANCIAL STATEMENTS - ¢onlknu•d FOR THE YEAR ENDED 310ECEMBER 2024 FIXED ASSEI INVESTMENTS Unfisled inveslment5 l•lARKET VALUE Al l January 2024 Disposals Revdvations 147,329 18,WOI 3,657 Al 31 December 2024 142.986 NEI BOOK VALUE Al 31 De¢ember 2024 142,986 At 31 December 2023 147229 There were no investment assets outside the UK. Cost or voluolion 0131 December 2024 is represenled by. Unlisled invèslmenls Valuation in 2020 Volualion in 2021 Valuation in 2022 Valuation in 2023 Voluolion in 2024 Cost 10.275 16,664 118.9531 12.556 3,/ 118,787 142,986 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 oth8r debtors 4,941 11,455 Page 8 continued...
ST MARGAREfs CHURCH. IEICESTER NOTES TO THE FINANCIAI STATEMENTS - eonllnued FOR THE YEAR ENDED 31 DECEMBER 2024 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 other crecfftor5 4.160 4,155 MOVEMENT IN FUNDS Net movement in funds Transfers between funds Al 31.12.24 Al 1.1.24 Unrestrtcled funth Offertory occovnl Chuch Hovse Sarson Bequest Boultei Bequesl 13.448 1128231 4,648 11.5591 5,273 1,176 127,634 15,352 132.427 14.902 14.7931 450 163,392 117,0461 3.089 149.435 R•shlcled fvnds Reslorotion fund Belringers Resloralion Organ Fund 6.593 1.947 10,825 6,957 2.385 7,950 332 13.4211 546 19.365 1.016 13.0891 17,292 TOTAL FVNDS 182,757 116.0301 166.727 Nel movement in funds. included in the above ore as follows.. Incoming resoLJrces Resovrces expended Goins and losses Movement in funds Unreslrlcted ndS Offertory account Church House Sarson 8equesl Boulter Bequest 37.244 120 158,0671 8,WO 112,8231 120 14.7931 450 14,7931 450 37.364 158,0671 3.657 117,0461 R•slrfctod funds Restoration fvjnd Bellringers ReOI10n 0[g( Fund 364 106 546 364 106 546 1,016 1.016 TOTAL FUNDS 38,380 158,0671 3,657 116,0301 Page 9 conlinued...
ST MARGAREfs CHURCH. LEICESTER NOTES TO THE FINANCIAL STATEMENfS- contlnu•d FOR THE YEAR ENDED 31 DECEMBER 2024 MOVEMENT IN FUNDS- continued compave$ l¢x mov•menl In lunds Net movement in funds Tronsfers beNeen funds Al 31.12.23 At 1.1.23 Urnwlrfct•d fvnds Offertory account Church House Scwson Beqvest BOter Beqvest 9.201 2,534 125,658 14,114 18.9741 81 11,769 788 8,221 8,448 2,615 137,427 14.902 151.507 3,664 8.221 163.392 R•strlcttd Ivnds Restoration fund Belkingers Resl4YOt?n Organ Fvncl 6,376 1,565 18,947 217 53 428 6.593 1,947 10,825 329 18,5501 26,888 698 18.2211 19.365 TOTAL FUNDS 178,395 4,362 182.757 Comporative nel movement in funds, included in the obove cxe as follow5.. Incoming resovrces Resources expended Goins o losses Movement in funds Unreslrlcted Ivnds Offertory occount Church House soon Bequosl Bovlter Beqvesl 83.734 81 192,708 18,9741 11,769 788 11.769 83,81 S 192,7081 12557 3.664 R•slrl¢l•d lunds Restoration fund Bellringers Resloralion Orgon Fund 217 53 428 217 428 698 698 TOTAL FUNDS 84.513 192.7081 12,557 4.362 Page IQ conlinued...
ST MARGAREfs CHURCH. LEICESTER NOIES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 MOVEM&IT IN FUNDS- conlwived A current year12 montt)s ond yior yeor 12 month5 Cornbined p05ilion 15 a5 follow5; Nel movement in funds Transfer5 behveen funds At 31.12.24 At 1.1.23 Unr•slrf¢l*d Ivnds Offertory occovnt Church House Sarson Bequest Bovlter Bequesl 9,201 2.534 125,658 14.114 121,7971 201 6.976 1.238 12,869 11,5591 273 1,176 132,634 15.352 151,507 113,3821 11.310 149,435 Reslricled Imds Reslorolion fund Bellringers Restoration Organ Fund 6.376 1,565 18.947 6,957 2,3 7,950 159 974 661 26.888 1.714 17.292 TOTAL FUNDS 178.395 111,6681 166,727 A current yeoT 12 months and prior year 12 months combined nel movemenl in funds, included in the above are as follows.. Incorr4ng resources Resources expended Gains and 105ses Movement in fund5 Unreslrlclod fvnds Offertory account Church House Sorson Bequesl Bouller 8equest 120.978 1150,7751 8,OC 121.7971 6.976 1.238 6,976 121,179 1150,7751 16,214 113,3821 Rèstrlcted Ivnds Restorotion Ivnd Bellringers Resloralion Organ Fund 159 974 159 974 1.714 1.714 TOTAL FUNDS 122.893 1150.7751 16.214 111,6681 Pagell continued...
ST MARGAREI'S CHURCH, LEICESTER NOTES TO THE FINANCIAL STATEMENTS - contlnu FOR THE YEAR ENDED 310ECEMBER 2024 RELAIED PARIY DISCLOSURES Ihere were no related party Ironsa¢lions for the year ended 31 December 2024. Poge 12
ST MARGARET'S CHURCH. LEICESTER DETAILED STATEAIENY OF FINANCIAL AcllvmES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 INCOME AND ENDOWMENTS Dona15on3 and legacies Collections and lees Donations Gift aid Grants received other fundraising events Donation re weddings 10.774 1,471 2.985 502 4.935 9,294 15.867 2,933 5.528 20,667 33.772 Inv•slmènt Income Rent5 received Inveslmenl income 10,778 6.712 6,012 17.490 17.817 Olh•r Incom• Frederick WiddOwsc Fund Rend of VAT on repairs Sundry income 25,CKX) 7,151 773 223 223 32,924 Tolal Incomlng r•sowces 84.513 EXPENDifuRE Charilable octfvllles Parish share Light and heol Repoirs- Church & hall Sundrie5 Prie5t5' expenses Repairs- organ Architect's tees Leiceslef Board of Finance Mis5ion5 and Relief Agencies 16,500 12,335 7.640 2,248 I s.000 14.068 42.384 1.712 4,412 8,385 130 1,907 9,831 4,760 1.648 S4.605 89,467 $POrt Costs Management Telephone Prinling and 51ationery 62 906 493 968 561 Gov•monco ¢ost$ Acco(Jnton¢y and legal fee5 2,494 2.680 This poge does not form Ptytr of *he 51alulory financial slolemenls Page 13
ST MARGARETS CHURCH. iEICESTER DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Tolol resources expended 58,067 92,708 •xp•nd#ure bef¢re goins ond10$5e5 119,6871 18.1951 Unreallsed golns/(losw$) Qn Inv•thn•nts Unredised goins/lbssesl on lixed a55el investments 3.657 12,557 Nel (expendIlu)jlnc0rne 116,0301 4,362 This page doe5 not form port of Ihe stolvlory finonciol slolemenls Page 14