Future Foundations Financial Statement to end of 2024
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Summary
Opening balance - (project start-up funds from sale of house in 2019) £328,572.00
Income (fund raising, grant, donation and interest) £ 46,147.99
Expenditure (see breakdown of costs below) £174,195.58
Closing balance December 2024 (deposit account) £196,569.55
Closing balance December 2024 (current account £ 2,827.40
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| PROJECT COSTS | PROJECT COSTS | |
|---|---|---|
| Phase 1 costs (2019-2022) | ||
| 1. | Installation of digital projector and screen (and upgrade of sound system) | |
| £25,000.00 | ||
| 2. | Feasibility studies by architect (church and hall) | £3,400.00 |
| 3. | Live streaming installation during Covid lockdowns | £5,000.00 |
| 4. | New audiovisual equipment in hall | £5,192.40 |
| 5. | New audiovisual equipment in church | £1,380.00 |
| sub total £39,972.40 | ||
| MAIN PROJECT COSTS: (2022 - end of 2023) | ||
| 1. | Land sale costs (architect, agent fees, solicitors and Traford Council) | £27,389.40 |
| 2. | Church Architect fees | £49,596.58 |
| 3. | Church Preparatory costs (contractor reports and Traford Council) | £31,065.12 |
| 4. | Salaries (Grant administrator; Families & Children’s Worker) | £5,075.00 |
| sub total £113,126.10 | ||
| MAIN PROJECT COSTS: (2023 - end of 2024) | ||
| 5. | Land sale costs : architect, agents’ fees, reports (ecology, bats, security, carbon budget, tree | |
| survey and transport) and Traford Council planning application fee | £8,994.20 | |
| 6. | Church Architect & Planning Expert’s fees | £1,585.88 |
| 7. | Removal of pews | £840.00 |
| 8. | Salaries (Parish Secretary; Families & Children’s Worker) | £9,677.00 |
sub total £21,097.00
Total Costs to date £174,195.58
Accounts 2024
| Account | 2024 | 2023 | Annual Budget 2024 |
|---|---|---|---|
| Exceptional Income | 0 | 0 | 0 |
| Surplus from Sale of Assets | 0 | 0 | 0 |
| Income | 122,633 | 125,137 | 126,700 |
| Gift Aided Donations | 48,663 | 50,056 | 51,000 |
| Envelopes | 4,535 | 4,112 | 1,000 |
| Plates | 0 | 0 | 0 |
| Appeals | 160 | 20 | 0 |
| un-restricted | 160 | 20 | 0 |
| restricted | 0 | 0 | 0 |
| Funeral | 0 | 0 | 0 |
| Wedding | 0 | 0 | 0 |
| Baptism | 64 | 0 | 0 |
| Standing Orders | 43,904 | 45,924 | 50,000 |
| Non-Gift Aided Donations | 23,672 | 21,346 | 28,000 |
| Envelopes | 623 | 661 | 0 |
| Plate | 962 | 1,250 | 0 |
| Funeral | 9 | 827 | 0 |
| Wedding | 55 | 45 | 0 |
| Donnations Restricted | 0 | 0 | 0 |
| Appeals | 12,444 | 8,152 | 0 |
| un-restricted | 11,538 | 8,152 | 0 |
| restricted | 906 | 0 | 0 |
| Legacies | 0 | 0 | 0 |
| Baptism | 14 | 133 | 0 |
| Votive Candles | 144 | 139 | 0 |
| Standing Orders | 9,422 | 10,139 | 0 |
| Fund Raising | 5,596 | 7,623 | 7,000 |
| Lunch and Coffee morning | 0 | 17 | 0 |
| restricted | 0 | 0 | 0 |
| non-restricted | 0 | 17 | 0 |
| Lent lunches | 0 | 0 | 0 |
| Other | 5,596 | 7,606 | 0 |
| restricted (non-GA) | 288 | 165 | 0 |
| restricted (GA) | 0 | 0 | 0 |
| non-restricted (non-GA) | 5,308 | 7,441 | 0 |
| non-restricted (GA) | 0 | 0 | 0 |
| Trading | 321 | 125 | 150 |
| Adverts magazines | 0 | 0 | 0 |
| Sales magazines | 153 | 0 | 0 |
| Bookstall sales | 168 | 125 | 0 |
| Fees | 4,890 | 6,398 | 2,500 |
| Wedding/Bann Certificates | 246 | 312 | 0 |
|---|---|---|---|
| Wedding Fees | 629 | 1,000 | 0 |
| Church Funeral | 2,854 | 2,373 | 0 |
| Crematorium | 1,161 | 2,713 | 0 |
| Rent Income | 21,538 | 22,297 | 21,000 |
| St Anne Church | 1,360 | 1,200 | 0 |
| St Anne Hall | 20,178 | 21,097 | 21,000 |
| St Francis | 0 | 0 | 0 |
| Gift Aid Rebate | 15,141 | 14,443 | 14,500 |
| HMRC Rebate | 15,141 | 14,443 | 14,500 |
| VAT Rebate | 0 | 0 | 0 |
| VAT Rebate | 0 | 0 | 0 |
| Reimbursed Expenses | 0 | 0 | 0 |
| Reimbursed Expenses | 0 | 0 | 0 |
| Interest | 1,002 | 283 | 0 |
| Un-restricted | 1,002 | 283 | 0 |
| Restricted | 0 | 0 | 0 |
| Designated | 0 | 0 | 0 |
| Sum Up | 0 | 0 | 0 |
| Internet Income | 0 | 0 | 0 |
| Ticket Sales | 1,810 | 2,566 | 2,550 |
| Income-Uncategorised | 0 | 0 | 0 |
| Banking | 0 | 0 | 0 |
| Expenses | 144,729 | 127,725 | 132,050 |
|---|---|---|---|
| Cost of Generating Funds | 907 | 807 | 750 |
| Cost of Generating Funds | 457 | 807 | |
| restricted | 0 | 0 | |
| Un-restricted | 457 | 807 | |
| Other | 450 | 0 | |
| Parish Share | 75,344 | 71,757 | 75,600 |
| Parish Share | 75,344 | 71,757 | 75,600 |
| Costs of Clergy | 2,556 | 1,265 | 500 |
| Assignment | 1,658 | 0 | |
| Clergy Expenses | 898 | 1,265 | |
| Insurance & Licences | 11,895 | 10,354 | 11,000 |
| Builidings insurance | 10,801 | 9,133 | 10,500 |
| St Anne | 9,598 | 7,913 | |
| St Francis | 1,203 | 94 | |
| St Anne Hall | 0 | 1,127 | |
| Scout Hut | 0 | 0 | |
| Music Rights | 1,094 | 1,220 | 500 |
| St Anne | 766 | 919 | |
| St Francis | 0 | 0 | |
| St Anne Hall | 328 | 301 | |
| Church Running Expenses | 2,825 | 1,746 | 1,500 |
| Altar | 121 | 225 | |
| Worship | 2,078 | 1,081 | |
| Music (restricted) | 0 | 0 | |
| Music (non-restricted) | 246 | 0 | |
| Organ/Piano | 380 | 440 | |
| Funerals | 0 | 0 | |
| Readers etc. | 0 | 0 | |
| Children's Ministry | 396 | 2,022 | 750 |
| School Expenses (excl. donations) | 321 | 1,731 | |
| School Donations | 0 | 0 | |
| Child and Family worker | 75 | 291 | |
| Cash payments | 0 | 0 | 450 |
| Young Choir St Anne | 0 | 0 | |
| Warden cash | 0 | 0 | |
| Magazine & Bookstalls | 0 | 0 | 0 |
| Magazines expenses | 0 | 0 | |
| Boookstalls expenses | 0 | 0 | |
| Salaries & Wages | 5,383 | 4,290 | 5,000 |
| Assistant Priest | 0 | 0 | |
| Organist Wages | 0 | 0 | |
| Choir lead | 2,700 | 1,320 | 3,000 |
| Organist Fees | 2,683 | 2,970 | 2,000 |
| Verger Fees | 0 | 0 | |
| Hall Cleaner | 0 | 0 | |
| Other | 0 | 0 | |
| Church Donations | 1,538 | 1,500 | 1,400 |
| Missionary Societies | 0 | 0 | |
| Un-restricted | 0 | 0 |
| Restricted | 0 | 0 | |
|---|---|---|---|
| Relief & development | 0 | 0 | |
| Home missions | 1,538 | 1,500 | 1,400 |
| Secular Charities | 0 | 0 | |
| restricted | 0 | 0 | |
| Un-restricted | 0 | 0 | |
| Fees | 3,901 | 0 | 3,600 |
| Fees | 3,901 | 0 | |
| Management & Administration | 5,229 | 4,341 | 4,500 |
| Equipment Hire | 1,693 | 1,352 | 2,000 |
| Legal & Professional fees | 0 | 0 | |
| Bank comission | 48 | 45 | |
| Printing & Stationary | 63 | 0 | 1,000 |
| Other admin costs | 3,424 | 2,944 | 1,500 |
| Buildings | 34,754 | 29,644 | 27,000 |
| St Anne | 18,104 | 13,326 | 13,300 |
| Major Building Works | 0 | 0 | |
| Maintenance | 1,428 | 1,317 | 1,500 |
| Fixtures & Fittings | 0 | 0 | |
| Fixtures & Fittings un-restricted | 0 | 0 | |
| Fixtures & Fittings restricted | 0 | 0 | |
| Churchyard upkeep | 5,105 | 1,262 | 1,200 |
| Water | 291 | 279 | 300 |
| Gas | 9,819 | 9,276 | 9,000 |
| Electricity | 1,461 | 1,192 | 1,300 |
| St Francis | 2,691 | 795 | 940 |
| Maintenance | 1,536 | 0 | 0 |
| Ground upkeep | 0 | 0 | 0 |
| Water | 349 | 795 | 700 |
| Gas | 806 | 0 | 240 |
| Electricity | 0 | 0 | 0 |
| Vicarage | 2,818 | 2,667 | 3,000 |
| Concil Tax | 2,397 | 2,283 | 2,600 |
| Water | 421 | 384 | 400 |
| Maintenance | 0 | 0 | 0 |
| St Anne Hall | 10,634 | 12,293 | 9,300 |
| Maintenance | 3,947 | 5,529 | 3,200 |
| Water | 374 | 573 | 600 |
| Gas | 4,160 | 5,128 | 4,500 |
| Electricity | 2,154 | 1,063 | 1,000 |
| Scout Hut | 508 | 563 | 460 |
| Maintenance | 170 | 60 | 60 |
| Water | 136 | 257 | 150 |
| Gas | 0 | 0 | |
| Electricity | 201 | 246 | 250 |
| Expenses-uncategorised | 0 | 0 | |
| Excess/(Deficit) of income over expenditure |
-£22,096 | -£2,588 |
| Income | 122,633 | 125,137 | 126,700 |
|---|---|---|---|
| Expenses | 144,729 | 127,725 | 132,050 |
| Excess/(Deficit) of | |||
| income over | -22,096 | -2,588 | -5,350 |
| expenditure |
Financial Summary
| 1 | Income & Expenditure | 2024 | 2023 |
|---|---|---|---|
| A | Income | £122,632 | £125,137 |
| B | Expenditure | £144,729 | £127,725 |
| C | Expenditure – Future Foundations Project | £ 21,097 | £67,442 |
| D | Profit / Loss for the year (on Running Expenses) |
£ 22,097 | -£2,588 |
| 2 | Balances | ||
| A | Parish Current Account | ||
| 1 | Annual Opening Balance | £7,169 | £2,225 |
| 2 | Annual Closing Balance | £6,740 | £7,169 |
| 3 Movement of Funds -£ 429 £4,944 ~~a~~ |
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| B | Future Foundations Current Account | ||
| 1 | Annual Opening Balance | £8,052 | £14,257 |
| 2 Annual Closing Balance £2,827 £8,052 3 Movement of Funds -£5,225 -£6,205 ~~es~~ |
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| C | Deposit Account Future Foundations | ||
| 1 | Annual Opening Balance | £202,890 | £297,028 |
| 2 | Annual Closing Balance | £196,570 | £202,890 |
| 3 Movement of Funds -£6,320 -£94,138 C Deposit Account - Parish (opened 17.08.23) ~~_Ls~~ |
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| 1 | Annual Opening Balance | £26,696 | £0 |
| 2 | Annual Closing Balance | £ 5,190 | £26,696 |
| 3 Movement of Funds -£21,506 £26,696 ~~a~~ |
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| E | Overall Balance | ||
| A | Total Opening Balance (All Balances) | £244,807 | £313,604 |
| B | Total Closing Balance (All Balances) | £211,327 | £244,807 |
| C | Final Overall Balance | -£33,480 | -£68,797 |
The Church also owns the properties St Annes Church, St Church Hall, St Francis and Scout Hut.