Financial Statements
PARISH OF ELSTREE AND BOREHAMWOOD For the period ended 31 December 2021
Prepared by Sheila Mutembei
Prepared on 6 May 2022
For management use only
Table of Contents
Financial Activities............................................................................................................................................3 Balance Sheet..................................................................................................................................................4 Statement of Cash Flows.................................................................................................................................5 Independent Examiner's Report ...................................................................................................................... 6
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Financial Activities
January - December 2021
| Financial Activities January - December 2021 |
|
|---|---|
| Total | |
| INCOME | |
| DONATIONS AND GIFTS Donated Services | 10.00 |
| PARISH SHARE All Saints | 28,521.24 |
| PARISH SHARE Holy Cross | 3,000.00 |
| PARISH SHARE St Michael's | 29,385.52 |
| PARISH SHARE St Nicholas | 5,000.00 |
| PCC Fee | 5,461.50 |
| Printing /Photocopying | 158.48 |
| Services | 3,426.00 |
| Total Income | 74,962.74 |
| GROSS PROFIT | 74,962.74 |
| EXPENSES | |
| 1 St Albans Diocesan | 40,000.00 |
| Clergy Expenses | 4,062.16 |
| Holy Cross & St. Michael Gardening | 665.00 |
| Other Professional Services | 150.00 |
| PCC reimbursements to DCC/other | -498.66 |
| PREMISES Insurances | |
| PREMISES Insurances Holy Cross | 769.53 |
| PREMISES Insurances All Saints | 2,293.87 |
| PREMISES Insurances St Michaels | 982.83 |
| PREMISES Insurances St Nicholas | 2,501.06 |
| Total PREMISES Insurances | 6,547.29 |
| SUPPORT COSTS | |
| Bank charges | 134.00 |
| Office/General Administrative Expenses | 565.80 |
| Phone Costs / Land line | 1,003.96 |
| Printing, Postage and Stationery | 1,538.76 |
| Total SUPPORT COSTS | 3,242.52 |
| Travel and Accommodation | 184.80 |
| Uncategorised Expense | 35.00 |
| Wedding & Funeral Fees | 0.00 |
| Funeral fees | 6,066.00 |
| Gravedigger | 48.00 |
| Organist | 1,074.50 |
| Verger | 600.00 |
| Wedding | 568.00 |
| Total Wedding & Funeral Fees | 8,356.50 |
| Total Expenses | 62,744.61 |
| NET OPERATING INCOME | 12,218.13 |
| OTHER INCOME | |
| Interest earned | 11.63 |
| Total Other Income | 11.63 |
| NET OTHER INCOME | 11.63 |
| NET INCOME | £12,229.76 |
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PARISH OF ELSTREE AND BOREHAMWOOD
Balance Sheet
As of December 31, 2021
| Balance Sheet As of December 31, 2021 |
|
|---|---|
| Total | |
| FIXED ASSET | |
| Total Fixed Asset | |
| CASH AT BANK AND IN HAND | |
| CAF cash Account 00012619 | 27,764.00 |
| INVESTMENT | |
| CBF Deposit Fund 1320011123D | 24,720.15 |
| CBF Fixed interest fund Units 132001046F | 37,611.94 |
| CBF Investment fund units 132001889s | 78,910.31 |
| Total INVESTMENT | 141,242.40 |
| Total Cash at bank and in hand | 169,006.40 |
| NET CURRENT ASSETS | 169,006.40 |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |
| Current Liabilities | |
| Accruals | 805.00 |
| Total Current Liabilities | 805.00 |
| Total Creditors: amounts falling due within oneyear | 805.00 |
| NET CURRENT ASSETS(LIABILITIES) | 168,201.40 |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 168,201.40 |
| TOTAL NET ASSETS (LIABILITIES) | £168,201.40 |
| CAPITAL AND RESERVES | |
| Gain or Loss from investment fund | 27,576.71 |
| Opening Balance Equity | 168,012.04 |
| Retained Earnings | -39,617.11 |
| Profit for theyear | 12,229.76 |
| Total Capital and Reserves | £168,201.40 |
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PARISH OF ELSTREE AND BOREHAMWOOD
Statement of Cash Flows
January - December 2021
| Statement of Cash Flows January - December 2021 |
|
|---|---|
| Total | |
| OPERATING ACTIVITIES | |
| Net Income | 12,229.76 |
| Adjustments to reconcile Net Income to Net Cashprovided byoperations: | |
| Net cashprovided by operating activities | 12,229.76 |
| NET CASH INCREASE FOR PERIOD | 12,229.76 |
| Cash at beginningofperiod | 156,776.64 |
| CASH AT END OF PERIOD | £169,006.40 |
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PARISH OF ELSTREE AND BOREHAMWOOD
Independent examiner's report on the accounts
Section A Independent Examiner's Report
| Report to the trustees On accounts for the year ended Set out on pages |
The Parochial Church Council of The Ecclesiastical Parish of Elstree and Borehamwood |
The Parochial Church Council of The Ecclesiastical Parish of Elstree and Borehamwood |
The Parochial Church Council of The Ecclesiastical Parish of Elstree and Borehamwood |
|---|---|---|---|
| 31stDecember 2021 | Charity no (if any) |
1132871 | |
| As set out on pages 3 to 5, General Fund Receipts & Payments, Statement of Assets & Liabilities, and Statement of Cash Flows() |
I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 31 /12 / 2021.
Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of the report accounts in accordance with the requirements of the Charities Act 2011 ("the Act").
I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act, and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination, which gives me cause to believe that in any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters concerning the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached.
| Signed: Name: Relevant professional qualification(s) or body (if any): Address: |
Date: | |
|---|---|---|
| 22/03/2023 | ||
| Ronald Alexander Cruickshank | ||
| BComm, MBA, CMC | ||
| 11 Chatsworth Close | ||
| Borehamwood | ||
| Herts WD6 1UE |
1
Oct 2018
IER
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
2
Oct 2018
IER