FRIENDS OF ST. JAMES'S CHURCH, LOUTH STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR TO 31ST DECEMBER 2021
| RECEIPTS DONATIONS Subscriptions Chest Donations (50%share) Deeds of Gift /Donations TRADING INCOME Sales FUNDRAISING EVENT INCOME (NOTE 2) INVESTMENT INCOME Dividends Interest Gain/(Loss) on investment revaulation TOTAL RECEIPTS PAYMENTS DIRECT CHARITABLE EXPENDITURE Heating and radiator repairs Roof alarm/repairs Floor repairs Stone repairs Insurance Contribution DCC TRADING COST OF GOODS (NOTE 1) FUNDRAISING EVENT COSTS (NOTE 2) MANAGEMENT/ADMIN Insurance Postages/Stationery Sundries TOTAL PAYMENTS Excess of Receipts/Payments Transfer: Bookshop to Gen.a/c Transfer: Reserve to general (Note 4) Net movement of Cash BALANCES B/FWD 01/01/2021 BALANCES C/FWD 31/12/2021 |
£ Gen Fund 400 1,400 2,861 - 734 2,894 - - 8,289 - - - 22,388 5,000 27,388 - 251 672 25 - 28,336 (20,047) 4,000 16,047 - - - |
£ Bookshop - - - 5,118 - - - 5,118 - - - - - - 2,082 - - - - 2,082 3,036 (4,000) - (964) 8,964 8,000 |
£ Reserve - - - - - - 28,358 28,358 - - - - - - - - - - - - 28,358 (16,047) 12,311 341,853 354,164 |
2021 TOTAL 400 1,400 2,861 5,118 734 2,894 - 28,358 41,765 - - - 22,388 5,000 27,388 2,082 251 672 25 - 30,418 11,347 - - 11,347 350,817 362,164 |
2020 TOTAL 200 - 1,078 1,585 3,373 8 22,588 |
||||
|---|---|---|---|---|---|---|---|---|---|
| 28,832 578 6,941 1,582 1,862 5,000 |
|||||||||
| 15,963 1,461 - 669 35 - |
|||||||||
| 18,128 10,704 - - 10,704 340,113 350,817 |
Friends of St.James's Church Louth 31.12.2021 BALANCE SHEET
| BALANCE SHEET | ||||
|---|---|---|---|---|
| Fixed Assets Investments at Market Value COIF Fixed Int.Income Units COIF Ethical Inv.Accum Units (Note 3) TOTAL FIXED ASSETS Current Assets COIF Charity Deposit Account Bank Current Accounts Cash in hand Stock Bookshop Debtors TOTAL CURRENT ASSETS Liabilities Creditors Accurals TOTAL NET CURRENT ASSETS TOTAL ASSETS Represented by: General Fund Bookshop Reserves (unrestricted) TOTAL ASSETS |
31/12/2021 £ 100,669 224,788 325,457 3,000 34,810 21 3,355 1,782 42,968 1,236 5,025 36,707 362,164 - 8,000 354,164 362,164 - |
31/12/2020 £ 107,703 214,396 322,099 3,000 21,729 - 3,720 304 |
||
| 28,753 - 35 |
||||
| 28,718 | ||||
| 350,817 | ||||
| - 8,964 341,853 |
||||
| 350,817 | ||||
| - |
NOTES
1) Cost of trading goods sold includes adjustment for opening and closing stock
2) During the year £734.00 was raised at the Christmas Tree Festival. Costs incurred was £250.74. The total profit for the fundraising event was £483.26.
3.) During the year 5,170.52 units were sold from the COIF Ethical Investment fund for £25,000, this was in order to fund the stone repairs. However the market value per unit increased from £4.2461 to £4.9598 resulting in a gain for the financial year.
4.) A transfer has been made from the Reserve fund to the general fund such that the General fund carried forward is nil.
| Bookshop sales Opening stock Purchases Closing stock Profit Income Ticket sales 97x £7.50 Jar donations Expenses Paper plates Sweets Napkins Mince pies Aldi Co-Op Plum Bread Refund for excess wine Profit Bookshop expenses |
3,720 1,717 3,355) ( |
2021 5,118 2,082) ( 3,036 2021 734 251 483 |
3,773 1,408 3,720) ( |
2020 |
|---|---|---|---|---|
| 1,585 1,461) ( |
||||
| 705 29 |
||||
| 124 | ||||
| 6 7 4 6 67 252 17 (108) |
||||
ACCOUNTANT’S REPORT TO THE TRUSTEES ON THE UNAUDITED ACCOUNTS OF
FRIENDS OF ST. JAMES’S CHURCH
In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, I have complied the financial statements of the charity which comprise the Statement of Financial Activities, and the related notes from the accounting records and information and explanations you have given to us.
This report is made to the Charity’s Board of Trustees, as a body, in accordance with the terms of my engagement. My work has been undertaken so that I might compile the financial statements that we have been engaged to compile, report to the Charity’s Board of Trustees that we have done so, and state those matters that we have agrees to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity’s Board of Trustees, as a body, for our work or for this report.
I have carried out this engagement in accordance with the technical guidance issued by the Institute of Chartered Accountants in England and Wales and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.
You have acknowledged on the balance sheet as at 31 December 2021 your duty to ensure that the charity has kept proper accounting records and to prepare financial statements that give a true and fair view under the Charities Act 2011. You consider that the charity is exempt from the statutory requirement for an audit for the year.
I have not been instructed to carry out an audit of the financial statements. For this reason, I have not verified the accuracy or completeness of the accounting records of information and explanations you have given to us and I do not, therefore, express any opinion on the financial statements.
……………………………………………
Page 3