**Treasurer’s Report** The restrictions of the past year have obviously seriously impacted the financial situation at St. Nicholas and the year ended with a General Fund deficit of £14,867. In the light of the financial position, the PCC reached the unanimous decision that our Common Fund offer for 2021 would have to be reduced to £50,000. The PCC regret this but feel there is no alternative at the present time. Over the past 3 years, over 80% of income was paid to Common Fund and this is clearly not sustainable as we are rapidly eroding our reserves. A Finance Group has been formed to consider ways of increasing income to both meet the needs of St. Nicholas and to fulfil our responsibility to the wider church. The final tranche of the funds raised for the Milange School Project was sent to Mozambique to complete the building work and there was enough money left to also fund 100 desks ready for the school to open. Looking after the finances at St. Nicholas is very much a team effort and thanks go to Fiona, Hilary and Nicky who do the banking, to Hilary in her role as Stewardship recorder and to Jeremy Lee who submits the Gift Aid claim. The PCC is grateful to Heather Powell for once again carrying out the Independent Examination of the accounts. Our thanks to everyone who has made a financial contribution to our church during this difficult year and particularly to those who have started giving by Standing Order or have given donations in addition to their regular giving. Kathy Hodge PCC Treasurer April 2021 (Please note - signed original accounts are held on Parish File) (Registered Charity No. 11380 **St. Nicholas Church Shepperton Financial Statements for the Year Ended 31 December 2020** ## **Receipts and Payments Account** |2019
2019
2019
General
Restricted
Designated
£
£
£
57,896
-
-
7,338
136
-
3,459
14,292
-
15,194
1,455
-
-
-
-
-
156
-
2,456
4,227
-
200
271
407
3,331
-
-
8,690
-
-
-
-
500
-
-
-
**98,564**
**20,537**
**907**
75,500
-
-
-
-
12,142
3,330
-
-
3,066
-
-
4,357
174
283
146
-
-
8,777
-
-
261
-
-
8,220
-
-
271
230
-
1,016
20,500
-
500
-
-
-
1,486
2,548
-
-
-
**105,444**
**22,390**
**14,973**
**6,880**
**1,853**
**14,066**
-367
837|2020
2020
General
Restricted
**Receipts**
£
£
Stewardship
50,351
-
Collections
859
-
Donations
3,004
505
Tax Recovered
14,621
-
Legacies received
1,000
-
Concerts
-
-
Fundraising
-
-
Interest, income from property
800
65
Fees
689
-
Income from trading and advertising
6,365
-
Other incoming resources
-
-
Sequestration account
-
-
(Shepperton News and sale of engraved plaques)| |---|---| ||**TOTAL**
**77,689**
**570**| ||**Payments**
Diocesan Fund
73,000
-
Salaries
-
-
Organists' Fees
1,060
-
Clergy and Rectory expenses
1,677
-
Ministry
2,197
186
Flowers
115
-
Church running expenses
8,164
-
Church utility bills
783
-
Cost of trading and advertising
4,860
-
Cost of fundraising
20
-
Outward giving
180
16,200
Transfer to Rectory Maintenance fund
500
-
Repairs, Alterations and Maintenance
-
5,986
Sequestration account
-
-
(Shepperton News and sale of engraved plaques)| ||**TOTAL**
**92,556**
**22,372**| ||| ||**Excess of Payments over Receipts**
**14,867**
**21,802**| ||Net revenue from Shepperton News
1022
Net revenue from sale of plaques
483| ## **Outward Giving for the year ended 31 December 2020** ## **General Fund** Plan International - advances children's rights around the world ## **Restricted Funds** 180.00 16,200.00 ALMA - Milange school building (Registered Charity Number 1138021) **St. Nicholas Church Shepperton Statement of Assets and Liabilities as at 31 December 2020** |**Cash Funds**||**£**| |---|---|---| |Barclays Current Account||6,239| |Barclays Saver Account (1)||5,183| |Barclays Saver Account (2)||59,423| |Petty Cash||51| |**Total Funds**||**70,896**| |**Represented by:**|**£**|**£**| |**General Fund**||| |Opening balance|0|| |Excess of Payments over receipts|-14,867|| |Transfer from Designated Fund|14,867|| |Closing balance||0| |**Restricted Funds**||| |Opening Balance|39,335|| |Excess of Payments over receipts|-21,802|| |Closing balance||17,533| |**Designated Funds**||| |Opening balance|77,174|| |Excess of Payments over receipts|-8,944|| ||68,230|| |Transfer to General Fund|-14,867|| |Closing balance||53,363| |**Total Funds**||**70,896**| |There were no signifcant liabilities at the year end.||| Janice Wetherell John Child Churchwarden Churchwarden Kathy Hodge PCC Treasurer (Registered Charity Number 1138021) ## **St. Nicholas Church Shepperton** ## **Summary of Restricted/Designated Funds for the Year Ended 31 December 2020** ## **£** ## **Sequestration Account** |**ALMA**
Balance at 1st January 2020
Receipts
Payments
Interest
**Balance at 31 December 2020**
**Churchyard**
Balance at 1st January 2020
Payments
Interest
**Balance at 31 December 2020**
**Fabric**
Balance at 1st January 2020
Payments
Interest
**Balance at 31 December 2020**
**Organ and Music**
Balance at 1st January 2020
Receipts
Payments
Interest
**Balance at 31 December 2020**
**Restoration**
Balance at 1st January 2020
Payments
Interest
**Balance at 31 December 2020**
**Designated-Maintain Rectory**
Balance at 1st January 2020
Receipts
Interest
**Balance at 31 December 2020**
**Designated-Mission & Ministry**
Balance at 1st January 2020
Receipts
Payments
Interest
Transfer to General Fund
**Balance at 31 December 2020**|16,047
150
-16,200
3
**0**
2,514
-375
8
**2,147**
4,414
-2,131
11
**2,294**
6,841
355
-186
21
**7,031**
9,519
-3,480
22
**6,061**
2,518
500
6
**3,024**
74,656
60
-9,319
201
-14,867
**50,731**|**Sequestration Account**
Interregnum costs to be c
Statutory fees due to Dio
**Balance due from Dioc**
**31 December 2020**
**Total Restricted Funds**
**Total Designated Fund**
**Less:**
**Balance of Sequestrat**
**due from Diocese**| |---|---|---| Interregnum costs to be claimed Statutory fees due to Diocese **Balance due from Diocese 31 December 2020** **Total Designated Funds Less: Balance of Sequestration A/C due from Diocese** 021) ## 2020 Designated £ - - 60 - - - - 207 - - 500 292 **1,059** - 5,694 - - - - - - - - - - 3,625 684 **10,003** **8,944** 684 -292 392 17.533 53.755 -392 53.363 ## **Independent examiner’s report to the trustees of St Nicholas Church, Shepperton** I report to the trustees on my examination of the accounts of the St Nicholas Church, Shepperton for the year ended 31 December 2020. ## **Responsibilities and basis of report** As the charity trustees of the St Nicholas Church, Shepperton you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the St Nicholas Church, Shepperton 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 examiner’s statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the St Nicholas Church, Shepperton as required by section 130 of the Act; or 2. the accounts do not accord with those records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Name: Heather Powell Relevant professional qualification or membership of professional bodies : Fellow of the Institute of Chartered Accountants in England and Wales Address: Avon Lodge, Station Approach, Shepperton Date: