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The Parish of Minehead
St Michael’s, St Andrew’s & St Peter’s on the Quay
PARISH OFFICE: ST ANDREW’S CHURCH ANNEXE, WELLINGTON SQUARE, MINEHEAD, SOMERSET TA24 5NH
01643 818904 mineheadparish@gmail.com Reg Charity1134852
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TREASURER’S ANNUAL FINANCIAL REPORT for 2022
The financial statement of the PCC has been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts and Payments basis for reporting. A copy of this report is sent to the Charity Commission and to the Diocese of Bath & Wells.
Parish Share
We budgeted to pay £65,000 of the requested amount of £81,329 as we were still affected by the pandemic. We achieved this despite losing some of our congregation through illness and old age.
Regular Giving
We now have 91 people who give by Standing Order having lost 5 people but gained 4.
Employees
All our paid workers were paid during the period of lockdown.
Our Family and Children’s Worker adapted some of her work by meeting outdoors. At St Andrew’s Church we recruited a new cleaner who has proved to be a willing odd-job person Our Administrator continues to be shared with the benefices of Alcombe, Dunster, Exmoor and Old Cleeve. Minehead acts as employer with proportionate contributions from the other parishes. Calculations of Tax, National Insurance and Pension are out-sourced to Jane Bates.
Charitable Giving
Our giving to charities amounted to £4,363. We supported Exmoor Youth Project, Children’s Hospice South-West, Sightsavers, Missions to Seafarers, RNLI, Christian Aid, St Margaret’s Hospice, Macmillan Cancer Care, Watchet Town Band and Minehead Male Voice Choir. We appealed for help with providing a hot meal to families attending St Andrew’s Club resulting in donations of £830. And at Christmas each family received a voucher from Tesco (£600 donated)
Fundraising
Regular events raised almost £6,000:- Café Church (£2,019) Minehead Matters (£1,497) and St Peter’s Upper Room (£2,402). As the year progressed more fund-raising events resumed with 4 lunches and 2 concerts. Together with donations from social groups these raised £1,987 and added greatly to strengthening the church fellowship.
Maintenance and Repairs
We budgeted for £2,500 but ended up spending £11,497. Fire safety, extending CCTV coverage, electrical work and safety measures were all essential. We await a donation from the Institute Trust to cover some of these items and we will create a more realistic budget for 2023.
Heating
We spent £6,045 on electricity and heating oil and have economised where we can including the closure of St Michael’s Church for 2 months (3 months in 2023). Smart meters have been fitted in St Michael’s and we expect the others to be completed shortly.
Legacies
We received 5 legacies this year amounting to £93,899. The PCC agreed that £43,000 of this be designated for the mission of the church (currently the work initiated by our Family and Children’s Worker). The remainder (known as the Olive Legacy) would be used to complete the work begun by Revd Dan Olive in St Andrew’s Church including improving the storage.
The Parish of Minehead End of Year 2022
| RECEIPTS | 2021 | 2022 | |
|---|---|---|---|
| Giving services and Standing orders | £51,624 | £57,869 | |
| Other giving and appeals | £3,100 | £2,525 | |
| Gift Aid | £12,232 | £14,978 | |
| Grants (Institute Trust) | £2,466 | £14,601 | |
| Legacies | £14,172 | £93,889 | |
| Fundraising (less costs) | £890 | £4,655 | |
| Interest | £79 | £640 | |
| Parochial fees (less diocese and ministers) | £3,417 | £4,475 | |
| Magazine, SPUR etc (less costs) | £4,446 | £3,899 | |
| Funds from reserves £31,258 |
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| Total receipts | £123,684 | **£197,531 ** | |
| PAYMENTS | 2021 | 2022 | |
| Charitable Giving | £3,355 | £4,363 | |
| Parish Share(£81,329 requested) | £50,000 | £65,000 | |
| Salariesinclpensions,tax less otherparishes | £19,311 | £16,674 | |
| Clergy & ministersexpenses andgovernance | £2,258 | £1,807 | |
| Children & Youth work | £948 | £1,167 | |
| Insurance | £3,419 | £3,680 | |
| Cleaning costs (incl. Covid-19) | £3,721 | £2,181 | |
| Routine maintenance & repairs | £23,647 | £11,497 | |
| Administration | £5,747 | £3,789 | |
| Provision of church services | £750 | £1,744 | |
| Flowers | £151 | £359 | |
| Churchyard maintenance (St Andrew's) | £796 | ||
| Music costsorganists,tuning,CCLI | £2,072 | £2,617 | |
| Electricity & heating oil | £5,157 | £6,045 | |
| Water | £250 | £233 | |
| Repairs to St Peter's £14,461 |
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| Total payments | £120,786 | £136,413 |
NOTES
1. 2021 Included a major refurbishment of the bells at St Michael’s
2. 2022 includes refurbishment of St Peter’s which continues into 2023
3. The Church Institute Trust has agreed to pay the following sums (yet to be received) £2673.60 for additional CCTV security cameras £907.78 for safe storage of Gopak tables
4. In 2022 Institute Trust paid the full cost of the Family & Children’s Worker In 2023 this will be reduced to 50%
It is essential that we do not make the mistakes of the past in using legacies to pay the current running costs of our churches.
John Thorogood, Treasurer
STATEMENT OF ASSETS
The Parochial Church Council of the Ecclesiastical Parish of Minehead holds 4 bank accounts:-
| 1. The General Account held at Santander 2. The Fabric Fundraising Account held at NatWest (re-named Minehead Mission Fund) 3. The General Deposit Account held with CCLA(…03D) (the Mission Fund) 4. The Fabric Deposit Account held with CCLA (…02D) TOTAL ASSETS: |
Balance Ist January 2021 £4,404.52 £4,128.63 £31,967.08 £26,000.00 £66,500.23 |
Balance 1stJanuary 2022 £5,773.66 £1,596.63 £32,250.00 £90,217.08 £129,837.37 |
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*CCLA Investment Management Ltd holds the funds of the Central Board of Finance of the Church of England
For Information: Some of the Costs of Maintaining 3 Churches
| St Peter's on the Quay Replacing concrete render with lime render Replacing rotten lintels and redecorating outside Replacing staircase, door and noticeboard (est.) St Andrew's & St Michael's Electrical work including PAT testing equipment Recurring (annually) Health & Safety items Coomber security alarm check CCTV maintenance Intruder alarm maintenance Lightning conductor check Fire safety Heating repairs Additional security cameras PHS Hygiene services |
£14,461.00 £7,000.00 £1,941.00 £26.40 £93.07 £125.00 £60.00 £1,121.80 £262.06 £2,824.49 £572.00 |
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£28,486.82 |