## **Annual Financial Report 2020** 

**for the Annual Meeting April 2021** 




## **Annual Balance Sheet - 2020** 

|**Current Assets**||||||
|---|---|---|---|---|---|
|**Deposit Account**|||**£338,807**|||
|_Unrestricted Funds_||_£23,279_||||
|_Restricted Funds_||_£314,603_||||
|_Endowment Funds_||_£925_||||
|**Future Founda>ons**|**Account**||**£5,902**|||
|**Treasurer Account**|||**£26,918**|||
|**PeEy Cash**|**St Anne**||**£94**|||
||**Wardens**||**£0**|||
|**Total**||||**£371,721**||
|**Income**||||||
|Unrestricted Income||£136,578||||
|Restricted Income||£3,549||||
|Interest||£1,468||||
|**Total**|||£141,595|||
|**Expenditure**||||||
|Unrestricted Expenditure||£138,135||||
|Restricted Expenditure||£4,148||||
|**Total**|||£142,283|||
|**Balances**||||||
|**Deposit Account**||||||
|**_Opening: Unrestricted Funds_**||_£23,181_||||
|**_Opening: Restricted Funds_**||_£323,237_||||
|**_Opening: Endowment Funds:_**||_£921_||_£347,339_||
|**Future Founda>ons Account**||||_£0_||
|**Treasurer Account**||||||
|**_Opening:  (Treasurer & Pe;y Cash)_**||||_£25,069_||
|**_Opening: Total_**|||||**_£372,408_**|



2. 



## **Annual Balance Sheet** 

## **(PCC version)** 


## **Deposit Account** 

|**Deposit Account**|**Deposit Account**|||
|---|---|---|---|
|**Closing: Unrestricted Funds**||£23,279||
|**Closing: Restricted Funds**||£314,603||
|**Closing: Endowment**||£925||
|**Closing: Future Founda>ons Account**||_£5,902_||
|**Treasurer Account**||||
|**Closing (Treasurer & PeEy Cash)**||£27,012||
|**Closing: Total**|||**£371,721**|
|**Cumula>ve Proft (Loss)**|||**-£688**|
|**Creditors**||||
|**Opening Amount**||**£0**||
|**Closing Amount**||**£0**||
|**Net Creditors**|||**£0**|
|**Net Movement of Funds**||**(Net Creditors + Proft / Loss)**|**-£688**|
|**Total Available Funds**|||**£371,721**|



3. 




|||**Income**|**Income**|
|---|---|---|---|
|**Item**<br>**Number**||**Item Descrip>on**|**2020**|
|||**Sunday Services**||
|||**Planned Giving**||
|**1**|Gi@ Aided|Envelopes|£11,912|
|**2**||Standing Orders|£53,796|
|**3**|Non<br>Gi@ Aided|Envelopes|£2,972|
|**4**||Standing Orders|£7,631|
|||**Non-Planned Giving**||
|**5**|Gi@ Aided||£4,308|
|**6**|Non Gi@ Aided||£434|
|**Plate Money - Other Services**<br>**Mid-Week Addi>onal Services, Bap>sms, Weddings & Funerals**||||
|**5**|Gi@ Aided||£47|
|**6**|Non Gi@ Aided||£127|
|**Totals**||||
|**7**|**Gia Aided**||£70,063|
|**8**|**Non Gia Aided**||£11,165|
|**9**|**Grand Total Giving at All Services**||**£81,228**|
|**Dona>ons, Legacies & Grants**||||
|**10**|DonaJons|Restricted|£50|
|**11**||Unrestricted|£4,795|
|**12**|Legacies|Restricted|£0|
|**13**||Unrestricted|£15,890|
|**14**|Grants|Restricted|£0|
|**15**||Unrestricted|£0|
|||**Church Boxes**||
|**16**|Spire|Sales|£426|
|**17**||AdverJsing|£975|
|**18**|VoJve Candles||£91|



4. 




|**19**|Church and Hall Bookstall|Church and Hall Bookstall|£122|
|---|---|---|---|
|**Fund Raising**||||
|**20**|Restricted||£1,276|
|**21**|Unrestricted||£2,223|
|**Fees & Charges**||||
|**22**|Weddings||£495|
|**23**|Funerals||£5,110|
|**Rents & Building Income**||||
|**24**|St Anne's Hall||£6,579|
|**25**|St Francis||£2,990|
|**27**|St Anne's Church||£0|
|||**Rebates , Interest & Refunds**||
|**28**|Interest|Deposit Account Restricted|£1,366|
|**29**||Deposit Account Designated|£4|
|**30**||Deposit Account Non-Restricted|£98|
|**31**|Income Tax Rebate||£14,728|
|**32**|Refunds from Suppliers_(in 2020 this is Furlough rebate)_||£3,150|
|**33**|Insurance Claims||£0|
|**34**|UJliJes||£0|
|**Income Totals**||||
|**35**|**Total Unrestricted income**||**£136,676**|
|**36**|**Total Restricted Income**||**£4,919**|
|**37**|**Total Income**||**£141,595**|



5. 




||**Expenditure - Annual**|**Expenditure - Annual**|**Expenditure - Annual**|**Expenditure - Annual**|
|---|---|---|---|---|
||**Expenditure**||**2020**<br>**Unrestricted Restricted**||
|**Costs Of Genera>ng**<br>**Funds**|**Holiday At  Home**||£0|£0|
||**Messy Church**||£0|£0|
||**Autumn Fair**||£0|£0|
||**Other**||£60|£0|
||**Total**||**£60**|£0|
|**Costs of Clergy**|**Parish Share**||£67,624|£0|
||**Assignment**||£3,239|£0|
||**Clergy Expenses**||£4,185|£0|
||**Clergy Fees**||£0|£0|
||**Total**||**£75,048**|£0|
|**Insurance & Licences**|**Building**<br>**Insurance**|**St Anne's Church and**<br>**Hall**|£5,626|£0|
|||**St Francis**|£966|£0|
|||**Total**|**£6,592**|£0|



6. 



## **Annual Expenditure** 


|**Insurance & Licences**|**Music & Performing**<br>**Rights**<br>**(CCLI)**|**St Anne's Church**|£882|£0|
|---|---|---|---|---|
|||**St Francis**|£79|£0|
|||**Church Hall**|£253|£0|
|||**Total**|**£1,213**|£0|
|**Church Running**<br>**Expenses**|**St Anne's**<br>**&**<br>**St Francis**|**Altar Requisites**|£316|£0|
|||**Worship Material**|£0|£0|
|||**Music**|£0|£0|
|||**Upkeep of Services -**<br>**general**|£0|£0|
|||**Weddings**|£0|£0|
|||**Funerals**|£0|£0|
|||**Total**|**£316**|**£0**|
|**Younger Church**<br>**Expenses**|**Children & Youth Services**||£0|£0|
||**Sunday School**||£72|£0|
||**School Expenses (Excluding Dona>ons)**||£596|£0|
||**Youth Group**||£0|£0|
||**Total**||**£668**|£0|
|**Cash Payments**|**St Anne's**|**Wardens**|£650|£0|
|||**Choir**|£62|£0|



7. 



## **Annual Expenditure** 


|**Cash Payments**|**St Francis**|**Wardens**|£0|£0|
|---|---|---|---|---|
||**Total**||**£712**|£0|
|**Magazine & Bookstall**|**Spire**||£599|£0|
||**Church Bookstall**|**St Anne's**|£0|£0|
|||**St Francis**|£0|£0|
||**Total**||**£599**|£0|
|**Salaries & Wages**|**Organist, Verger, Choir Leader**||**£5,332**|£0|
|**Church Giving**|**Missionary (Overseas)**||£1,400|£0|
||**Relief & Development**||£222|£0|
||**Home Missions & Church Socie>es**||£2,100|£0|
||**Secular**||£2,750|£50|
||**St Anne's School**||£3,000|£0|
||**Total**||**£9,472**|**£50**|
|**Management &**<br>**Administra>on**|**Equipment Hire**||£2,249|£0|
||**Legal & Professional Fees**||£830|£4,098|
||**Postage, Prin>ng & Sta>onary**||£1,138|£0|
||**Administra>on**||£1,620|£0|
||**Total**||**£5,838**|£4,098|



8. 



## **Annual Expenditure** 


|**Buildings**|**St Anne's**|**Rates & Council Tax**|£0|£0|
|---|---|---|---|---|
|||**Major Building Works**|£0|£0|
|||**General Repair**|£3,563|£0|
|||**U>li>es**|£5,331|£0|
|||**Grounds**|£1,234|£0|
|||**Fixtures & Fiings**|£0|£0|
|||**Total**|**£10,128**|£0|
||**St Francis**|**Rates & Council Tax**|£0|£0|
|||**Major Building Works**|£0|£0|
|||**General Repair**|£1,175|£0|
|||**U>li>es**|£4,298|£0|
|||**Grounds**|£680|£0|
|||**Fixtures & Fiings**|£0|£0|
|||**Total**|**£6,153**|£0|
||**Church Hall**|**Rates & Council Tax**|£0|£0|
|||**Major Building Works**|£0|£0|
|||**General Repair**|£4,355|£0|
|||**U>li>es**|£8,891|£0|
|||**Grounds**|£0|£0|



9. 



## **Annual Expenditure** 


|**Buildings**|**Church Hall**|**Fixtures & Fiings**|£0|£0|**#=SUM(I7**<br>**5:J75)**|
|---|---|---|---|---|---|
|||**Total**|**£13,246**|£0|**#=SUM(I7**<br>**6:J76)**|
||**Vicarage**|**Rates & Council Tax**|£1,999|£0|**#=SUM(I7**<br>**7:J77)**|
|||**Major Building Works**|£0|£0|**#=SUM(I7**<br>**8:J78)**|
|||**General Repair**|£100|£0|**#=SUM(I7**<br>**9:J79)**|
|||**U>li>es**|£659|£0|**#=SUM(I8**<br>**0:J80)**|
|||**Grounds**|£0|£0|**#=SUM(I8**<br>**1:J81)**|
|||**Fixtures & Fiings**|£0|£0|**#=SUM(I8**<br>**2:J82)**|
|||**Total**|**£2,758**|£0|**#=SUM(I8**<br>**3:J83)**|
|**Total Expenditure From Unrestricted Funds**|||**£138,135**|||
|**Total Expenditure From Restricted Funds**||||**£4,148**||
|**Total Expenditure**|||||**£142,283**|



10. 



## **FINANCIAL REPORT FOR 2020 at the APCM** 

To begin by staJng the obvious: 2020 was a very interesJng year. Contrary to many expectaJons there was not a catastrophic drop in our finances due to Coronavirus although this was responsible for the most significant fall in rental income from St Francis and the church hall. 

A large amount of the shor^all was made up by several extremely generous donaJons from members of the St Anne’s community. The donaJons were for sums of £5,000; two of £1,000 and two of £500 and also several of £100. But apart from this there has been no fall in the number of people who give by Standing Order nor in those who use the weekly envelopes. Some people have changed from using envelopes to having a standing order which has kept the income consistent. The envelopes tend to be received in batches and therefore get banked when there is a significant amount so this is less regular than it used to be. For example the regular Monday morning counJng and banking session has had to be abandoned. We have never yet failed to be able to pay our Parish Share and this is sJll the one consistent drain on our finances. 

Never-the-less we did reach a point in the autumn where the available funds had reached an all-Jme low. In the nine years as treasurer I have not seen them fall as low. I maintain that we really need to keep around £20,000 in our current account and the funds have been between  £18,000 and £23,000 for a majority of the Jme, but there was a point when they dropped as low as £11,000. _They did rally and are currently back to around the £20,000 mark at the Hme of wriHng (early March 2021)_ 

A menJon must be made here to two important **fund-raising events** of the autumn: the AucJon in November and the Christmas Quiz both raising significant sums. This was especially true of the aucJon where the _anHcipated_ amount to be raised was £500 and the _actual_ amount was almost £3,000 in no small measure thanks to Alison’s beauJful hand-made quilts and a great deal of hard work beforehand ensuring that all lots were adequately displayed on zoom. 

**Gia-Aid** is applied for twice-yearly once for the quarter January to March and once for the other three quarters April to December. The laher is claimed early in the following year. In the case of April to December 2020 the claim was made in January 2021 but it deserves to be menJoned here as it reflects the giving during the enJre pandemic months of 2020. The January to March claim was almost enJrely before Coronavirus hit. For the period April to December in recent years the amount submihed has fallen slowly year on year but in 2020 there has been a £3,000 increase in the amount submihed nejng us a healthy £13,000 rebate in February 2021. This underlines the generosity of the people of St Anne’s since this rests enJrely on people’s giving and the extra donaJons during 2020. 

A look at the accounts will show that a second current account was opened in September 2020. This is linked to the regular current account and was established to ensure immediacy in the payments of Future FoundaJons projects. _(please see the report prepared by the Future FoundaHons Treasurer – Jenny Egarr)._ 

The Treasurer would like to convey his thanks to Hakim and Megumi whose invaluable help has ensured that all the transacJons are recorded on computer and also to Chris Jones for examining the  accounts. 

Tim Marlow, church treasurer for St Anne’s, Sale 

11.