Report of the Trustees of the Ark Church for the period 6[th] April 2020 to 5[th] April 2021.
Delivered at the AGM, 7.30pm, 5th October 2021.
-
The total income of the church in the last accounting period was up by £7869 on the previous year at £60636 (£52767) .This was quite remarkable during a time of pandemic and we are thankful for the generosity of God’s people
-
Expenditure in the accounting period was up by £6911 to £54729 (£47818).
-
Stephen’s net salary amounted to £23568, Inland Revenue (tax & NI) was £5640 and pension costs totalled £2100. Also under salaries, we paid £2000 over the year in consultancy project fees to facilitate video work, but this money had been a result of designated giving (so we couldn’t spend it on anything else).
-
Our payment to the Methodist Church under the sharing agreement was £4596, the cleaning cost us £583 (this was low because the building had been shut for so long and inbetween cleaning had been by volunteers).
-
We spent £1588 on Video equipment to help us through shutdown and spent £1702 in safety equipment and signage for COVID.
-
The government refunded us £14194 in gift aid,. This was the highest in years. We thank the government for this contribution!
-
In the 12 months since our last report, the website has continued to be a major ministry of the church touching and helping far more people than our gatherings.. Also £10387 (£4718) of undesignated gifts were received on line, an incredible blessing up by £5669.
-
Cash flow was easier this year than any year. In a time of pandemic we thank God for this.
-
We have continued to support Ground Level to the tune of £68/month, CVM £20/month and keep our subscriptions up to date with the EA, OSL, CCLI, & CCPAS. We didn’t run Halves last year because of the pandemic but we did put a Christmas gift together for each person. Go Gospel continued on line through most of last year.
-
The impact of COVID to the practical ministry of the church has been mitigated by the immediate move to on line provision of Sunday services and weeknight prayer. In addition we have kept in touch with people by phone, by Telegram discussion and prayer groups and we have provided Go Gospel sessions on line. Who would have ever expected us to be so thankful for on line video and particularly an almost unheard of app called Zoom?
-
With the current covid-19 pandemic the trustees recognise that there has been financial pressure on a lot of households and we continue to thank those who donate regularly for their great generosity. Church vision must always be matched by pro vision, and without you none of this could happen.
-
The Trustees were grateful to Karen Bruin who looked after our books and to Lauren Greenhow who audited them.
In gratitude to God, and fully accepting the accounts as a true and faithful record this report is made by:
Jayam Lazarus, Trustee Pauline Redman, Trustee Graham Lawrence, Trustee Paul Anderson, Trustee
Ark Church Balance Sheet 6th April 2021
Expenditure
| Income | Expenditure | ||
| Balance 6th April 2020 b/f | 10636.62 | ||
| Non-Designated by bank | 29263.74 | Rent | 4596.00 |
| Non-Designated by Internet | 10387.58 | Insurance | 397.45 |
| Amazon | 37.34 | Cleaning | 583.00 |
| Gift Aid | 14194.44 | Subscriptions | 1094.23 |
| Non-Designated by Box | 3988.30 | Books/Mags/CD's/Training | 3648.14 |
| Designated by bank | 2764.70 | Telephony/Internet | 705.94 |
| Sound Equipment | 222.82 | ||
| Video Equipment | 1588.52 | ||
| Compassionate Fund | 310.00 | ||
| Salaries | 23568.60 | ||
| HMRC | 5640.50 | ||
| Pension Cont. | 2100.00 | ||
| Go Gospel Choir | 814.00 | ||
| CVM Men's Ministry | 240.00 | ||
| Ground Level | 816.00 | ||
| Computer Equipment | 3073.19 | ||
| Video Support | 2000.00 | ||
| Posters/adverts | 95.96 | ||
| COVID Costs | 1702.07 | ||
| Office Consumables | 386.30 | ||
| Web costs | 62.90 | ||
| Auditor | 60.00 | ||
| Comm | 280.99 | ||
| Christmas Events | 250.88 | ||
| Shoeboxes (OCC) | 300.75 | ||
| Halves | 51.50 | ||
| Lighting | 140.00 | ||
| Sub Total | 60636.10 | Sub Total | 54729.74 |
| Balance 5th April 2021 c/f | 16542.98 | ||
| Total | 71272.72 | Total | 71272.72 |
ARK - Audit of 2020-21 Accounts
1. Findings
Spreadsheet
- 1.1.A review of the spreadsheet and back up documentation identified no anomalies. There was evidence of reconciliations being carried out for all transactions recorded on the spreadsheet and within the bank statement and all totals accurately balanced back to the amounts on the bank statement.
Expenditure
-
1.2.A random sample of 10 items of expenditure was chosen from the items recorded on the bank statement.
-
1.3.It is pleasing to note that 9 out of 10 items of expenditure were backed up with a receipt. One transaction had a card receipt to evidence the purchase but there was no detailed receipt to evidence what the purchase was for and what the item was. Details are as follows:
-
25.09.20 - £210.00 – S Redman Bed for June – Card receipt in folder and recorded on the transactions spreadsheet but no receipt to evidence the actual item. .
-
1.4.All items appeared on the transactions spreadsheet and where the purchase was for halves, they were detailed on the halves spreadsheet.
Income
- 1.5.A review of the receipt book was completed and it is pleasing to note that all income received had a corresponding entry and each one had been independently verified and signed by 2 signatories as evidence that the check had been completed.
Grant money
- 1.6.The records in relation to all grant money received are good with all income and expenditure being recorded separately with a running total being kept of the remaining balance. This serves to ensure that the funding received is being spent for the purpose it was intended.