2021-12-31-accounts

Trustees Report – February 13[th] 2022

As at the 31[st] December 2021 our current account and our two deposit accounts had the following balances:-

following balances:-
	2021 OpeningBalances	31/12/21 ClosingBalances
Current account	£37,012.64	£35,892.87
Deposit account(CCLA)	£5,442.81	£5,445.65
Deposit account(CMCU)	£25,215.02	£25,215.02
Net Worth	£67,670.47	£66,553.54

Under accrual accounting principles the balance on our current account was reduced by £7,500 giving an adjusted Net Worth of £59,000

Our budget for 2022 was calculated on the basis of records from previous years which were then adjusted for expected variations and the likely effects of inflation. While we were able to assess the likely outcomes for all expenditure categories, it should be noted that 50% of our income categories are such that we felt unable to make any meaningful ‘guestimate’ of the likely outcomes, recording zero budgets for these ‘grace’ items. This results in the skewing of the budget into high deficit and is an ongoing feature in our budgeting.

However, our actual year-end outcomes have consistently returned deficits much lower than budgeted, largely as a result of significant ‘grace’ income being received (typically about £20,000/p.a.)

The overall budget result suggested that a deficit of £44,000 might be recorded but this is, in effect, a ‘worst case’ scenario.

This year we have re-evaluated our designated reserve at £37,000. This is based on threemonth’s-worth of essential expenditure, as calculated in our 2022 budget document.

As we open 2022 with an accrued Net Worth balance of £59,000, we are faced with two alternative scenarios as the year unfolds; the ‘worst case’ where no ‘grace’ income is received; or the ‘bounty’ scenario which includes ‘grace’ provision. These are visualised in the graphic below:-

In both scenarios the projections indicate that Net Worth will fall to our ‘reserve’ threshold level before the end of the year; as early as June in the ‘worst case’ scenario; and around November in the ‘Bounty’ case.

The projection for the worst case scenario suggests the possibility that Net Worth might have fallen to our ‘reserve’ threshold by mid-year, in which case we would aim to take pre-emptive remedial action to preserve the integrity of our reserves. We could achieve this using one or more of the following options:-

• interrupting our Church Tithe Standing Orders (10-off £1,411/month)

• invoking a moratorium on other items of non-essential expenditure

• interrupting (as a last resort) our Parish Share Standing Order (10-off £9,386/month)

In this way we can be confident that, even in ‘worst case’ circumstances, it will be possible to maintain the solvency of the charity throughout 2022.

Thus, on 13[th] February 2022 we passed the motion at our PCC meeting that:-

“We the trustees of All Saints Anchorsholme have seen the relevant documents pertaining to the 2021 church accounts and have considered the charity’s financial circumstances in the light of those documents. Our assessment is that the charity qualifies as a going concern.”

All Saints, Anchorsholme

Analysis of income and expenditure

Selected period: 01 January 2021 to 31 December 2021

						Total
	Unrestricted	Designated	Restricted	Endowment	This year		Last year
Receipts
Planned giving
0101 - Gift Aid - Bank / Envelopes	65,060	—	—	—	65,060		65,840
0201 - Planned Envelope collections	12,598	—	—	—	12,598		10,047
Planned giving Totals	77,658	—	—	—	77,658		75,888
Collections and other giving
0301 - Loose plate collections	14,860	—	—	—	14,860		18,069
0401 - One off gift days	5	—	—	—	5		—
Collections and other giving	14,865	—	—	—	14,865		18,069
Totals
Other voluntary receipts
0550 - Donations appeals etc	19,429	—	550	—	19,979		21,108
0701 - Legacies	—	—	—	—	—		19,186
Other voluntary receipts Totals	19,429	—	550	—	19,979		40,294
Gift Aid recovered
0601 - Tax recoverable on Gift Aid	17,325	—	—	—	17,325		16,770
1020 - Bank and building society	2	—	—	—	2		176
interest
Gift Aid recovered Totals	17,328	—	—	—	17,328		16,947
Other receipts
1322 - Miscellaneous Income	41	—	—	—	41		141
Other receipts Totals	41	—	—	—	41		141
Receipts from church activities
1101 - Fees for weddings and funerals	1,973	—	—	—	1,973		2,587
1230 - Church hall lettings - objectives	8,837	—	—	—	8,837		7,225
Receipts from church activities	10,810	—	—	—	10,810		9,812
Totals
Receipts Grand totals	140,133	—	550	—	140,683		161,154
Payments
Missionary and Charitable Giving
1801 - Giving to missionary societies	80	11,120	—	—	11,200		10,750
1850 - Home mission	240	4,320	240	—	4,800		5,250
Missionary and Charitable Giving	320	15,440	240	—	16,000		16,000
Totals

There may be minor discrepancies in the totals if the pence are not being shown

16 February 2022 Page 1

						Total
	Unrestricted	Designated	Restricted	Endowment	This year		Last year
Parish Share
1901 - Stipends quota	86,970	—	—	—	86,970		80,469
Parish Share Totals	86,970	—	—	—	86,970		80,469
Clergy and Staffing costs
2050 - Salary of parish administrator	5,192	—	—	—	5,192		5,197
2051 - Salary of Community	17,923	—	—	—	17,923		17,380
Engagement Worker
2054 - Employers Tax and National	5,414	—	—	—	5,414		4,988
Insurance
2059 - Nest ASACEW Pension	1,427	—	—	—	1,427		1,534
2110 - Visiting speakers costs	150	—	—	—	150		300
2120 - Council tax	2,871	—	—	—	2,871		4,035
2140 - Water rates - vicarage	376	—	—	—	376		627
Clergy and Staffing costs Totals	33,356	—	—	—	33,356		34,062
Church Running Expenses
2201 - Parish training and mission	69	—	—	—	69		397
2301 - Church running - insurance	969	—	—	—	969		963
2310 - Church office - telephone	482	—	—	—	482		964
2330 - Church maintenance	954	—	531	—	1,486		6,352
2331 - Cleaning	—	—	4,776	—	4,776		4,334
2333 - Equipment purchases	1,855	—	59	—	1,915		7,792
2361 - Printing and Stationery	723	—	—	—	723		480
2370 - Miscellaneous Expenditure	90	—	—	—	90		160
2380 - Licences / Subscriptions	2,001	—	—	—	2,001		1,884
2390 - Gifts and leaving expenses	555	—	—	—	555		—
2395 - Catering Expenses	209	—	—	—	209		183
2401 - Church running - electric	—	—	—	—	—		1
2405 - Church running - Gas &	3,307	—	—	—	3,307		4,699
Electricity
2420 - Church running - water	827	—	—	—	827		366
Church Running Expenses	12,048	—	5,367	—	17,416		28,579
Totals
Hall Running Costs
2840 - Depreciation	—	—	—	—	—		1,155
Hall Running Costs Totals	—	—	—	—	—		1,155
Payments Grand totals	132,695	15,440	5,607	—	153,743		160,267

There may be minor discrepancies in the totals if the pence are not being shown

16 February 2022 Page 2

All Saints Anchorsholme. North Drive, Thorntonlleveleys, FY5 3HT clo Mr. M LeDieu AJISaintsAn¢[e-mail] Mrs H O'H 190 Wats)n Road Blackpool FY4 3EE Independent Examiner's Report for The Parocbial Cburcb CouDeil of the Ecclesiastical Parish of ADcborsholme All Saints Charity # A132756 This report on the accounts of the above charity for the y¢ar ¢nding 31" December 2021 is in Tespect of an examination carried out under the ChaTitiesA¢t 2011 (The Act). Responsibilities and conduct of the examination As the cbarity Trustees of the trust you are reS￿nSIble for the preparation of the a¢¢ounts in accoidance with the r¢quir¢m¢nts of the The Act. You have delegated this task to Mr M L¢Dieu, thc Church Treasurer, who has carricd out this t&8k on your behalf. The Tre￿re[ has used a proprietary computerised accounting SY￿eM to meet the requirem¢nts of k¢¢ping full and accurate records of the charity's financial transactions. My rewrt is in respect of my examination of the tnist's accounts &irried out under Section 145 of The Act. In carrying out my examination I have followed those applicable dire￿10nS given by the Charity Commission under section 145(5) (b) of The Act. As T￿￿t¢¢S of the charity you hav¢ considered the activities of the PCC and judged that the PCC ¢ontinues to qualify &8 a going Concern. You Iwe also considered it unncfe&sary to hav¢ a full external audit of the accounts and have. therefore. engaged me to issue this r¢port in ac¢ordan¢¢ with the ternis of the r¢gulations for Independent External Exaniination. You are aware that the prixedures followed in an inde￿ndent examination do not provid¢ all the evidence that would be required in a fidl audit anrts from the fiDancial system. I have not directly accessed the system or sought inde￿Ident verIfi￿tiOn of third party balances. Th¢ r¢port alw includes Considerats'on of any unusual items or disclosures in th¢ accowits and seeking explanations from you the Trustees conL%ming any such matters.

Fomial Statement I have completed my examination aDd collfirnl that no materia] matters have come to my attention in connection with that examination giving me Cause to believe that in any material respect: l. Accounting records were not kept of thc &s required by Section 130 of The Act" or 2. Th¢ a¢¢ounts do not accA)rd with those records. 3. The accounts do not comply with th¢ applicable requirements concerning th¢ forni and content of the accounts set out in the Chariti¢s (Accounts and reports) regulations 2(X)8, other than any requirement to ￿ve a 'true and fair. view which is not a matter considered &$ part of an independent examination. Any minor accounting adjustments or queries have been sent to Mr M LeDieu for consideration. They are not recA)rded here as they do not materially affcd the position or underSL￿dIng of th¢ a￿OuntS presented. Yours Sillcerely.