## **TREASURER’S REPORT FOR THE YEAR ENDING 31[st] DECEMBER 2021** 2021 has again been a very difficult year. We have been able to attend many more Services albeit with Mask Wearing and Sanitising of course, However current circumstances mean that there are still many people who feel unable or unwilling to attend Church. We can only hope that things get back to some semblance of normal in 2022. We must give enormous thanks again to our faithful team of Clergy and volunteers who have kept us all going with Zoom Services when we have been unable to attend Church, and of course another huge thanks for the generosity of our congregation enabling us to help those still in need during the Pandemic. Our Parish Contribution for 2021 amounted to a total of £108,000 – Thanks once again to the Generosity of the Richard Wall/Jack Cox Fund. This year we will be holding our Share at £108,000 and again we will only achieve this with their help. We have to remember that our Parish contributions help to support all our wonderful clergy and the work they do. We were all very saddened by the departure of James, he was really loved and respected by all and we wish him all the very best in his new post as Bishop’s Chaplain. I feel that it is important to remind ourselves again at this stage that all of our Rector’s stipend and expenses, all of Pep’s stipend and expenses as well as Andy’s are funded directly by the Diocese. The 2021 Statement of Financial Affairs shows a very small Deficit of £429; It is to be noted that this figure would have been considerably more without the assistance of Dorothy Smith Forum and the Cox/ Wall Fund. - 1) Once again, the 200 club has been successful – If you would like still to join, please do contact Mary Clarkson or myself. - 2) We were able to hold Easter and Christmas services this year although with much reduced congregations. - 3) Sadly, due to the continuing Pandemic we felt unable to accommodate the Cards for Good Causes, we sincerely hope to be able to do so again in 2022. Formulating the budget for this year is again extremely difficult because of the need to estimate when things might return to “Normal”. The increase in activity which we hoped would come in the Autumn 2021 did not sadly materialise. This will still result in a predicted deficit of £27,000 We had NO legacies again in 2021 so **PLEASE CONTINUE TO THINK ‘LEGACIES’** ## **It is crucially important at this time, that as custodians of the church affairs, we remain aware** ## **of the need to maintain the underlying sustainability of our expenditure compared with our income. Our main priority for 2022 is again to continue to make all possible efforts to keep our budget in check.** The accounts are presented this year in the SOFA (statement of financial affairs) format as laid down by the Charity Commission I hope that they remain reasonably clear. Some observations to note are: - 5 - 1) The Stock Market remarkably stable affecting especially the Dorothy Smith Bequest capital - 2) Planned Giving is holding steady however not increasing much, so we do still need to be ever vigilant. We sincerely hope that 2022 will continue to improve on 2021 I would like to end this report by once again asking for ‘God’s **continuing guiding hand’** in all we do ## **ANGIE HILL, Honorary Treasurer,** 5 **----- Start of picture text -----**
MARKET HARBOROUGH PARISH CHURCH
SUMMARY OF BALANCES 2021
Unrestricted Designated Restricted Funds TOTAL
General General Fabric Dorothy YMFS
Fund Fund Quintet Fund Smith Funds 2021 2020
CURRENT ASSETS
Investments at Market Value as Schedule 15243 154370 11502 181115 176388
National Savings Bonds
Short Term Deposits 50 171 4921 5142 50
Cash at Bank 4839 4839 3816
TOTAL 20132 0 0 171 159291 11502 191096 180254
Debtors & Prepayments 19110 19110 15659
LESS CURRENT LIABILITIES
Creditors & Accruals falling Due 24361 24361 24673
within 12 Months
NET ASSETS -5251 0 0 171 159291 11502 165713 168865
FUNDS
Balances as on 31st December 2020 11825 869 8656 -638 148470 10249 179431 174444
Unrealised Losses/Gains on Investments -4913 9,627 951 5665 5215
Investments sold 2021 6350 10840 17190
Surplus (deficit) for the Year -429 -4226 171 -8902 279 -13107 6527
Balance transferred to Team A/C 4330 4330
TOTAL BALANCES 12833 869 A/C Closed -467 160035 11479 184749 186186
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NOTES TO THE FINANCIAL
STATEMENTS
December 31, 2021
Unrestricte Designated Restricted Fund TOTALS
General General Quintet Fabric Dorothy YMFS
Fund Fund Smith Funds 2021 2020
£ £ £ £ £ £ £ £
2 INCOMING RESOURCES
a Voluntary giving (Direct giving)
Planned giving ex. income tax 79644 79644 81181
Income Tax Refunds 20332 20332 21403
Taxable Donations 442 442 878
Open plate collections - all services 4880 4880 2985
Special/Retiring Collections 1909 1909 691
Total 105298 1909 107207 107138
b Other Voluntary Income
Hardship Fund 3083 3083 11761
Income from Izettle 271 271 1256
Grants from Richard Wall /JFC/Friends/Bowden 27185 27185 37102
Transfer from DS Bequest/Bowdens/Commumi 10840 10840 10101
Legacies & Grants
sale of shares/Balance of Re-ordering 8000 8000 150
Donations/Sundries 1115 1115 8340
Total 47411 3083 50494 68710
c Gross income from Events and
Activities
Raffle
200 Club 4545 4545 3065
Wallsafe 1561 1561 2443
Fees PCC 2954 2954 2124
Fees - Others 1504 1504 1000
Fees - Retired Clergy 3124 3124 1702
Church Events/Church Organizations 1005 1005 2708
Total 14693 14693 13042
d Other ordinary income
Quintet Receipts - AdvertsSubscriptions 4257
Sale of Books 210 210 156
Sale of Cards 20 20 28
Miscellaneous & Furlough Payments 7008 7008 3147
Fabric 6910 6910 0
Team income - Pensions 3631 3631 1882
Team Income 148 148 486
Community Hall gas 420
Heat refund 0
Assigned Fees 6475 6475 3968
Total 17492 6910 24402 14344
e Income from investments
Dividends & interest - General Fund 546 4077 279 4902 5100
TOTAL INCOMING RESOURCES 185440 4992 0 6910 4077 279 201698 208334
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NOTES TO THE FINANCIAL
STATEMENTS
December 31, 2021
Unrestricte Designated Restricted Funds TOTAL
General Quintet Fabric Dorothy YMFS
Funds Fund Fund Smith Fund 2021 2020
£ £ £ £ £ £ £
3 RESOURCES USED
a Grants
Annual charitable giving 8,300 8,300 8,300
Donation from fete procceds
Retiring and other special 1,909 1,909
collections/Donations 1,155 1,155
Total 9,455 1,909 11,364 8,300
b Support costs
Children and youth work 169 169
Discretionary Fund 1,468 1,468 3000
Fabric DS Grant 502 502 1000
Izettle Transfers 213 213 0
Hardship Fund Expenditure 3,083 3,083 6483
Total 213 3,083 2,139 5,435 10483
c Directly relating to the work
of the church
Ministry - Parish Contribution 108,000 108,000 105000
Team Expenses 12,137 12,137 12283
Team share Dawn 10,840 10,840 12796
Fees outgoings - Verger/Organist/etc 1,130 1,130 1170
Fees Outgoings - Retired Clergy 3,275 3,275 1720
Assigned Fees 8,146 8,146 3968
Church - Running expenses
Utilities 4,559 4,559 5159
Dawn Pension 3,631 3,631 2560
Insurance 6579 6,579 6381
Maintenance & Cleaning 1,092 1,092 3244
Major building work 6,910 6,910 5340
Sanctuary requirements 19 19 649
Organist & Choir 5,360 5,360 5701
Total 164,768 6,910 171,678 165971
d Fundraising & publicity
Raffle Expenses 20
200 Club 830 830 1360
Church Events
Total 830 830 1380
e Church management
and Administration
Verger Salary 7,102 7,102 7102
Photocopying 703 703 1087
Books 147 147 73
Cards 1129
CCLI 1,174 1,174 110
Miscellaneous - St Dionysius 1,477 1,477 2161
Miscellaneous - Sundry/Izettle 1193
Quintet Expenses 4,226 2819
Total 10,603 4,226 14,829 15674
Investments
TOTAL RESOURCES USED 185,869 4,992 4,226 6,910 2,139 204,136 201,808
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MARKET HARBOROUGH PAROCHIAL CHURCH COUNCIL
STATEMENT OF INVESTMENTS HELD AND OF REALISED AND UNREALISED GAINS AND LOSSES
VALUE PURCHASES SALES VALUE GAINS (LOSSES)
1.1.21 31.12.21 REALISED UNREALISED
461.26CBF Investment Fund Shares 9,431.24 10,801.83 1,370.59
68.98 (2020 160) Inv. Fund Shares (St Marys Land) 3,271.47 2,000.00 1,615.38 127.58 - 1,656.09
1788.48 (2020 4480.31) CBF Fixed Interest 7,578.44 4,350.00 2,825.62 - 3.09 - 4,752.82
Securities Fund
Total 20,281.15 6,350.00 15,242.83 124.49 - 5,038.32
YMFS
381 CBF Investment Fund Shares 7,790.19 8,923.02 1,132.83
1632 CBF Fixed interest Securities Fund 2,760.52 2,578.56 - 181.96
Total 10,550.71 11,501.58 950.87
DOROTHY SMITH BEQUEST
6600.45 Investment Fund Shares (2020 7118.79) 145,555.76 10,840.00 154,370.46 812.48 8,814.70
176,387.62 17,190.00 181,114.87 936.97 4,727.25
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Adjustments ## **DEBTORS AND LIABILITIES 2020** |**DEBTORS**|**2021**|**2020**|**LIABILITIES**|||**2021**|**2020**| |---|---|---|---|---|---|---|---| |Insurance - Prepay|584.74|548.38|Solar return to community hall||||| |Water|||Charitable Giving 2020|||7400.00|6500.00| |Water - OGS|||Planned Giving|||1000.00|1000.00| |Tax refund December 2020|874.00|1828.53|special collections|||552.22|| |Dawn pension|4309.05|3738.63|Photocopy 4th quarter|||143.32|| |Dawn Furlough Income|||HMRC Tax David|||87.40|87.60| |Parish Share overpayment|||Outward Giving Balance|||6200.00|4000.00| |Books/Cards|||Reorder transfer|||1750.00|| |Listed Places of Worship|||Assigned Fees||||| |Planned Giving|||Hardship overpayment|||2127.55|578.45| |Fabric|13341.83|8976.35|Dawn Furlough Payments||.||2367.00| |Hardship overpayment|||Dawn Balance 2020||||| ||||Wallsafe||||| |Fete|||||||| ||||Sundry|||5100.58|1363.22| |**TOTAL**|**19109.62**|15091.89||||24361.07|15896.27| |||||0.00|||| |Balance|-5251.45|-804.38|||||| Adjustments 0.00 Sheet7 **----- Start of picture text -----**
STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Designated Restricted Funds
December 31, 2020 Note General Fabric Dorothy YMFS
Fund General Fund Quintet Fund Smith Funds
£ £ £ £ £ £
INCOMING RESOURCES
Voluntary Giving ( direct giving) 2a
Income Tax refunds 2a
Other Voluntary Income 2b
Gross Income from events & activities 2c
Other Ordinary Income 2d
Income from Investments/Interest 2e
TOTAL INCOMING RESOURCES
RESOURCES USED
Grants 3a
Support Costs-Youth work 3b
Directly related to work of Church 3c
Fund raising & publicity 3d
Church Management & administration 3e
TOTAL RESOURCES USED
NET EXPENDITURE/INCOMING RESOURCES
GAINS & LOSSES ON INVESTMENTS
realised
unrealised
Transfer of Short Term Deposit to G/A
NET MOVEMENT IN FUNDS
Balances brought forward 1/1/2020
Adjusted Balance
BALANCES CARRIED FORWARD 31/12/2020
TOTAL BALANCES
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Page 7 Sheet7 TOTAL 2020 2019 Page 8 NC NATHAN CHARLES AccouNTANTS UNIT 8 ECKLAND LODGE DESBOROUGH ROAD MARKEf HARBOROUGH LEICS LE16 8H8 st Dionyslu5 Church. ma￿et Ha￿orough PCC Accounts toi Ihe year endlng 31¥1 December 2021 I hcve examined the accovnts and balonce sheet5 of Ihe PCC General account5 for the year ended 31 sl December 2021. My exaMinat￿n was carried out in accordance with Ihe general direclions given by the Chority Commission. That examinothon includes a review of the accounting records kepl by the treoswer and a comFX]rison of the accounts with those records. 11 also includes consideralion of any unusual items or disclosure5 in the accounts and seeking explonalions conceming such matters. The procedures do not provide all Ihe evider)ce IlThJl would be required in an audit. In connection with my exominotion. I have found nothing which has caused concern and l am safi5fied Ihat the occounls and slalements consthlule an accurate record ol the financial tran50clions for the yeor. In t Examiner stuart Hayward 22nd March 2022 C PA)ok.K¢eptyg S¢Thi£eS tAd Nathan R¢BlSiered ID England: Regd(hTKe g E£k]aDd IA)dg¢. tksW Ro*L Hath)Tw8IL I.FICS. I.F.16 8HB: Rigd %.0 0686 4320 INVOICE NC NATHAN CHARLES AccouNTANTS UNrr 8 ECKLAND LODGE DESBOROUGH ROAD MARKET HARBOROUGH St Dionysius Church Market Harborough LEICS LE167NB LEICS LE16 8HB Invoice No......12611 Invoice dale.. 22nd Morch 2022 TEL EMAIL 01534 762399 stuart@ngconfusion.co.uk Descriplion TOTAL Examination of books ond reccKds lor the year ended 31 st December 2021 ICK).LK> VAT @ 20.0% 20.(K) Total Due TOTAL 120. Please make cheques poyoble to Nothon Chortes Bank deloils . Yorkshire Bank.. Sort Code - 05.'05=27.- Account - 41242278 Ibon.. GB85YORK05052741242278 SWIFTBIC . YORKG821527 V•t l•ts: 1(￿ 8450 •3