## **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¢horsholme@gmail.com 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.