2021-08-31-accounts - Ashbourne Methodist Church

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ASHBOURNE METHODIST CHURCH

Church Council Meeting – 9[th] February 2022

Finance Report

1. Charitable Donations

Charitable donations totalling £7430 for the year 2021/2022 are proposed to be made as per below. Under the established rules 10% of the Church’s receipts is donated to selected charities, with a proportion made by Cornerstone equivalent to 10% of their contribution to the Church funds.

Unfortunately, due to Covid Cornerstone was unable to contribute to the Church in the financial year 2020/2021, however it is proposed that £500 is allocated to Cornerstone to decide the recipients. It is also proposed that the individual donations stay as per last year’s amounts with a contingency kept aside for any donation requests during the year. Any contingency unallocated at the end of the year would then be added to next year’s giving

ASHBOURNE METHODIST CHURCH BUDGET 2021/22

	2016/1 7 2017/1 8 2019/2 0 20/21	21/22


Chosen by the Cornerstone team	2,06 0 1,80 0 1,80 0 900	500

Methodist Church and related donations

All We Can 1380 1540 1505 1505		1505
Fund for Property 580 645 630 630		630
Methodist Ministers' Housing Society 400 445 100 100		100
Fund for Support of Presbyters and Deacons 400 445 440 440		440
Methodist Church Fund 725 810 795 795		795
Distributed via Circuit Treasurer 3,48 5 3,88 5 3,47 0 347 0		347 0

Other

MHA 400 445 435 435		435
AFC – Action for Children 400 445 435 435		435
MRDF - Methodist Relief and Development Fund 0 0 0		0
LWPT - Leaders of Worship and Preachers Trust 250 280 270 270		270
J. & I. Hill - Mission Partners - Zimbabwe 750 840 815 815		815

Phakamisa 335 375 370 370	370
Messy Church £100 100 0	0
Derbyshire Agricultural Christian Fellowship 250 0	0
2,13 5 2,38 5 2,67 5 232 5	232 5
Contingency	1135
Grand Total 7,68 0 8,07 0 7,94 5 669 5	743 0

2. Budgets

The 2021/2022 Budget has been prepared assuming there are no closures due to Covid in the year.

Cornerstone and Gateway are now open & beginning to get back to some sort of normality. For both these contributors I have budgeted the same this year as last, but these figures should be considered upon as the minimum as we look forward to starting to recover from the £21507 deficit of last year and getting the Church back on track.

Refer to Appendix A for analysis

3. Church Accounts

The examination of the year end accounts by Coates & Partners has now been completed satisfactorily.

The first part of the year was hard for the Church financially, due to Covid. Although both Cornerstone and Gateway are now open for business, they were unable to contribute to the Church in this financial year.

Cash offerings & letting income were also down. Furlough claims of £6k helped towards reducing the total loss to £21k. Although the amount for stated for Gift Aid has been claimed, the monies have not yet been received.

The loss of £21507 was £4,443 lower than expected. It was mainly due to the removal of the Family Worker post, although there was an increased cost of the installation of the Zoom system and the technology connected with it.

Due to the regular standing order payments from the Church members and the setting up of “Donate” the giving has been regular and the ongoing support is greatly appreciated.

Refer to Appendix B for analysis

4. Reserves

Trustees are required to review and approve the reserves policy alongside the annual accounts

Refer to Appendix C for analysis

APPENDIXA-ASHBOURNE METHODSTCHURCH BUDGET 202V22 INCOfvE DirecttD Bark SwKlayOfÈriros TaxRefinJed Irte5t GiftDay Letiiryjsli GatRthOYrt) Dor'0rlrs Ott*r FLr(Iraisiro MiscdLireo HMRC I RS Fuloujh Church Fwxls SuT01 CoffÈtstorÈ Dorwtior6 GateYD0r£ti0rs LuKh CILb DoTr3tior TiyfAL Dork4tor5 To Pass On Totsl ReceliX5 70.681 70.681 3,630 70.LKK) 16.(KX) 7() 16.(XK) 150 149 149 7,5(M) 2.5CX) 7,455 7.455 7.309 30 7.5(K) 30 6,069 9.5(K) 9,5(K) 750 250 AS 185 185 £W7 EXPENDrruRE AssessrrErt Dorot'or6 Frn Clurh Fw(Is Repair5 & EqupfrErt Caretsknro & GL15 Mairterorce carir0 Maieriafs Utilities Irslrarre Farrilywother AdiErtisiro Alpha & Cou5es CtrikltErts CILts ConmJityTr3n5ftJrt Librnry MLSIC & Wor5Fip Ne5trer Ph)tocopier sterds Bu5arWiscelL3rEoLsKorljThprry_ Pawoll adnin IStperKI PrDfessiork31 Fees CoryrrLricatior6 Ctrurh wkeTh Fk)¥%er FLrKI Payiro1ts suT01 D0Tr3b'ors Pa55ed On 59.(XX) 7,041 10.349 8.785 432 6,157 -59.(KX) -7.041 -10,349 -8.785 -432 -6.157 -3,870 -10,122 -614 60.(XKJ 7.430 io,(xKJ 8,5(K) io.(KKJ 8,5(K) 25,(KK) 1.3(X) 250 1.3 3LK) l(K) 10,122 614 375 -375 ILK) -1.301 -2.281 250 i(K) 562 -562 .360 -5.069 5.ffi9 250 5(K) 5(KJ £llo 185 117.1(S -185 .117.105

APPENDIX B - ASHBOURNE METHODIST CHURCH ACCOUNTS FOR THE YEAR END 31 AUGUST 2021

----- Start of picture text -----
Ashbourne Church
Restrict
Unrestrict ed Totals Totals
SECTION A ed Funds Funds this year last year
a1 RECEIPTS Note £ £ £
Offerings and Tax
a2 recovered 74,310 74,310 101,137
Bank and CFB interest
and Investment income
a3 149 149 825
a4 Lettings 7,455 7,455 12,730
a5 Other receipts 13,408 13,408 3,165
(a7
TOTAL RECEIPTS 95,322 0 95,322 117,857
a6 )
SECTION B
b1 PAYMENTS
Circuit Assessment or
b2 Share 59,000 59,000 57,400
b3 Donations 7,041 7,041 7,795
Repairs and
b4 Maintenance 20,129 20,129 14,553
Utilities (Insurances,
water charges, heating
b5 & lighting) 15,096 15,096 12,662
b6 0 0
b7 Other payments 15,054 15,054 30,063
116,32 (b
TOTAL PAYMENTS 116,320 0 122,473
b8 0 9)
SECTION C
NET
RECEIPTS/PAYMENTS
c1 FOR THE YEAR (a6-b8) -20,998 0 -20,998 -4,616
Total funds brought
forward from last year 141,21 (c6
c2 141,218 0 8 ) 133,484
120,22
c3 Sub total (c1+c2) 120,220 0 0 128,868
Transfers and (c8
c4 adjustments -510 -510 ) 12,350
TOTAL FUNDS AT END OF 119,71 (c7
(c3+c4) 119,710 0 141,218 (c6)
c5 YEAR 0 )
----- End of picture text -----

----- Start of picture text -----
SECTION D
FOR INFORMATION ONLY: MONEY RECEIVED AND PASSED ON TO EXTERNAL
ORGANISATIONS
(These amounts are not to be included in total receipts/payments figures
d above)
d1 Balance brought forward from last year 0
d2 Offerings/Gifts - received for external organisations 185
d3 Offerings/Gifts - passed to external organisations 185
d4 BALANCE STILL TO BE PAID ( d1+d2-d3) 0 0
----- End of picture text -----

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