| Risk | i.evel | Mitigation |
|---|---|---|
| Declining | Medium | The PCC and the churches continuously monitor the financial |
| congregations | viability ofeach church. Each church has a responsibility to |
|
| and supporters— | maintain its own building and to contribute tothe costs ofthe |
|
| Reduced income | clergy through the Parish Offer. ifthere were concerns about | |
| financial viability these would be raised with the Archdeacon |
||
| and discussed with the local community to find a way forward. |
||
| Declining | Medium | Each church is responsible for finding volunteers to fill these |
| congregations | roles. The specific minimum roles to be filled are those |
|
| and supporters— | responsible tothe PCCfor looking after health and safety, | |
| Lackof | buildings and grounds, assets and building security (normally |
|
| volunteers | the Churchwarden). The other necessary role isthe Treasurer. |
|
| Failure ofa community to find individuals to fulfil these roles |
||
| would be referred tothe Archdeacon. |
| Repairs needed | Medium | Every 5years each church has an independent Quinquennial |
|---|---|---|
| to church | Report which assesses the church buildings and details work |
|
| buildings | that wiii need to be done. Each church District Church Council | |
| (DCC), along with the local community is responsible for |
||
| contributing tothe costs ofproviding clergy (the Parish Offer) |
||
| and looking after their church building. Ifthe building cannot |
||
| be maintained to a safe standard then it will be closed either |
||
| temporarily or permanently. |
| FOR THE YEAR ENDED 31DECEMBER 2021 |
||||||||
|---|---|---|---|---|---|---|---|---|
| Unrestrkted | Restrkted | Endowment | TOTAL FUNDS | |||||
| Fundsf | Funds f |
Funds f |
2021 f |
2020 f |
||||
| INCOME | Note | |||||||
| Tax efficient planned giving Other Planned Giving Collections at services All other giving and voluntary income Gift aid tax recoverable Legacies received Grants received Statutory Fees (weddings, funerals, etc.) Magazines, bookstall and sundry sales Fundraising events Dividends and Interest |
55,250 4,408 5,789 14,003 14,388 32,257 1,780 8,995 11,764 2,619 37,178 |
10,190 860 1,5SO 50 2,548 30,500 10,880 397 4,321 |
65,440 5,268 7,369 14,053 16,936 62,757 12,660 8,995 12,161 6,940 37,178 |
59,822 1,500 5,694 20,679 17,016 137,066 27,927 5,868 10,230 819 39,694 |
||||
| Other income | 53 | |||||||
| TOTAL | 188,431 | 61,326 | 249,757 | 326,368 | ||||
| EXPENDITURE | ||||||||
| Fundraising Costs |
82 | 82 | 307 | |||||
| Donations to charities | 924 | 1,580 | 2,504 | 5,774 | ||||
| Diocesan Parish Share contribution | 95,871 | 95,871 | 96,388 | |||||
| Salaries / honoraria | 12,527 | 31,629 | 44,1S6 | 45,175 | ||||
| Expenses (ofclergy, pastoral | staff, etc.) | 949 | 4,110 | 5,059 | 6,849 | |||
| Mission and Evangelism | 1,118 | 1,118 | 149 | |||||
| Church running expenses | 66,322 | 6,239 | 72,561 | 50,272 | ||||
| Church utility costs | 15,692 | 15,692 | 13,699 | |||||
| Magazine Punting Expenses |
8,870 | 8,870 | 10,661 | |||||
| Major Repairs to churches | 3,417 | |||||||
| New building work | 1,900 | |||||||
| TOTAL | 202,355 | 43,558 | 245,913 | 234,591 | ||||
| NET GAINS/(LOSSES) ON INVESTMENTS | 70,190 | 33,312 | 103,502 | 44,287 | ||||
| NET INCOME/(EXPENDITURE) | 17,768 | 33312 | 107+46 | 136,064 | ||||
| TRANSFERS BETWEEN FUNDS | ( 15,000) | 15,000 | ||||||
| NET MOVEMENT IN FUNDS | 41,266 | 32,768 | 107+46 | 136,064 | ||||
| RECONCILIATION OFFUNDS: |
||||||||
| Total funds brought forward | 1,114,930 | 114,091 | 338,681 | 1,S67,702 | 1,431,638 | |||
| Total funds carried forward | 5&6 | 1,156,196 | 146+S9 | $719991,675@48 | 1,567,702 |
| STATEMENT OF CASH FLOWS | ||||
|---|---|---|---|---|
| FORTHE YEAR ENDED 31DECEMBER2021 |
2021 | 2020 | ||
| E | ||||
| RecondHation ofnet income/(expenditure) |
to | net cash flow from operating activities: | ||
| Net income forthe year | 107,346 | 136,064 | ||
| Deduct interest income shown in investing |
activities | ( 37,178) | ( 39,694) | |
| Deduct gains/add back losses on investments |
( 103,502) | ( 44,287) | ||
| (Increase)/ decrease in debtors | (38,145) | 3,940 | ||
| increase/ (decrease) in creditors |
6,306 | 4,935 | ||
| Net cash flow from operating activhfes |
( 65,173) | 60,958 | ||
| Cash Rows from Investing Activities: |
||||
| Payments to acquire investments | ( 10,000) | |||
| Receipts from sales ofinvestments | ||||
| Interest received | 37,178 | 39,694 | ||
| Cash provided hy (used in) Investing Activities |
37,178 | 29,694 | ||
| Cash Flows from Financing Actlvlties: | ||||
| Repayment ofborrowing |
||||
| Cash used in FInancing Activihes | ||||
| Increase (decrease) in cash in the year | ( 27,995) | 90,652 | ||
| Cash atthe beginning ofthe year | 448,124 | 357,472 | ||
| Total Cash atthe end ofthe year | 420,129 | 448,124 | ||
| Relating to: | ||||
| Cash at bank and in hand | 420,129 | 448,124 | ||
| Bank overdrafts included in creditors payable within one year |
| 2021 | 2020f | ||||||
|---|---|---|---|---|---|---|---|
| STAFF EXPENSES Wages and salaries |
44,156 | 45,175 | |||||
| During the year there were | 7 | employees, 6ofwhom work part time (2020:5,4). | |||||
| There were no employees | receiving more than f60,000in the year (2020:Nil}. | ||||||
| During the year no trustees | received remuneration | (2020; Nil) | |||||
| TRUSTEE EXPENSES | |||||||
| During the year, 2Trustees | (2020: 6) were reimbursed | for expenses which totalled f3,116(2020: | E7,502).These | expenses were for | |||
| church service and churchyard | necessities, travel, postage and office supplies. | ||||||
| INVESTMENTS | |||||||
| 2021 | 2020 | ||||||
| f | E | ||||||
| CBFInvestment Fund |
1,160,456 | 1,061,860 | |||||
| COIF Investment Fund |
39,487 | 34,581 | |||||
| Value asat31December | 1,199,943 | 1,096,441 | |||||
| Movements in the year: Market value 1January |
1,096,441 | 1,042,154 | |||||
| Purchases less (Disposals) | 10,000 | ||||||
| Income reinvested | |||||||
| Net (loss)/gain during year |
103,502 | 44,287 | |||||
| Market value 31December | 1199,943 | 1,096,441 | |||||
| ANALYSIS OF NET ASSETS | BYFUND | ||||||
| 2021: | Unrestrkted | Restrkted | Endowment | ||||
| Fund E |
Fundf | Fund E |
Totalf | ||||
| Investments | 827,950 | 371,993 | 1,199,943 | ||||
| Current Assets | 344,776 | 149,956 | 494,732 | ||||
| Current Liabilities |
16+30 | (3,097) | 19627 | ||||
| Fund Balance | 1,156,196 | 146,859 | 371,993 | 1,675,048 | |||
| 2020: | Unrestrkted | Restrkted | Endowment | ||||
| Fund F. |
Fund f |
Fund f |
Totalf | ||||
| Investments | 757,760 | 338,681 | 1,096,441 | ||||
| Current Assets | 370,491 | 114,091 | 484,582 | ||||
| Current Liabilities |
13,321) | 13,321) | |||||
| Fund Balance | 1,114,930 | 114,091 | 338,681 | 1,567702 |
| Ba4nce | Income | Expenditure | Tran slers | Gains | Balance | |||
|---|---|---|---|---|---|---|---|---|
| 1.1a1 | and | 314221 | ||||||
| Losses | ||||||||
| E | E | E | E | E | E | |||
| Total Unrestricted funds |
1,114,930 | 188~1 | (202,355) | (15,000) | 70,190 | 1,156,196 | ||
| Restrkted funds | ||||||||
| (a) | Church buildings | and churchyards | 43,812 | 14,630 | (3,380) | 55,062 | ||
| (b) | Music in Kirkby | Lonsdale church | 2,948 | (1,370) | 1,578 | |||
| (c) | Donations received for charities |
1,580 | (1,580) | |||||
| (d) | Family Project | 52,377 | 20,348 | (35,773) | 15,000 | 51,952 | ||
| (e) | Friends ofSt Mary' s | 14,198 | 24,768 | (1,455) | 37,511 | |||
| Small funds E2,000or less | 756 | 756 | ||||||
| Total Restricted funds | 114,091 | 61,326 | (43+58) | 15,000 | 146,859 | |||
| Permanent Endowment |
Fund | |||||||
| (f) | Hutton Roof church | 338,681 | 33,312 | 371,993 | ||||
| Total Funds | 1+67,702 | 249,757 | (245,913) | 103,502 | 1,67S,048 | |||
| Notes | on restricted funds |