## **TREASURER’S REPORT AND ANNUAL ACCOUNTS FOR 2021** The layout of the figures has been changed on page one in two respects: I have included the pre-pandemic 2019 Receipts and Payments to give a true picture of our financial position at the end of 2021, and I have moved the CCLA Deposit Fund from a Restricted to a General Fund. Regarding **Receipts** , Regular Income has dropped markedly over the past two years with several Standing Orders stopping for various reasons, but most especially in Unplanned Giving (loose change weekly collections). However, the card reader raised nearly £1,000 which makes it a welcome addition to the giving options available. Fees have bounced back from the 2020 low with a number of banns being read in the summer. Fund raising income remains low as we have not had our large-scale Christmas raffle for the past two years. Crypt Hire income has been picking up in the last few months of 2021, but still falls a long way short of the 2019 income. Church Hire income has included more than £500 from the _Church of Christ_ who decamped from St Margaret the Queen when their heating system failed. I have been more assiduous in reclaiming VAT over the past two years. Concerning **Payments** , the Parish Pledge to the Diocese has been paid in full and on time. Repairs (and building maintenance) was substantially higher in 2021 mainly because of the cost of a long overdue electrical inspection (£2,800 + VAT) and the refitting of outside lighting on the north side of church (£2,000+). We are able to reclaim VAT for amounts over £100. Utilities costs have dropped since 2019 with more favourable fixed price contracts for both gas and electricity. The **CCLA Deposit Fund** in early years was designated as the Fabric Reserve Fund intended for the upkeep of the building, and so treated as a Restricted Fund. However, in the past two years we have had to draw very heavily on these reserves for general running costs, and so must now regard this as a General Fund. The **Sacristy Fund** has had the amount paid from the General Fund for sacristy costs in 2020 and 2021 (totalling £3,426.65) transferred across, but an adjustment was made to increase the Sacristy Fund to the correct figure of £6,889.07 (prior to the above transfer). Unfortunately, I miscalculated this, hence the movement to-and-from these accounts at the end of December. As noted each year, the **Charity Fund** Receipts and Payments refer to banking within the year January-December. Monies which were collected and paid straight to charities, such as the Romanian Orphanage, are therefore not included in these figures. 1 The figures for the **Organ** and **Choir Funds** are noted in detail and so do not need further comment. As noted above, our finances took a big hit over the past two years, but things are starting to pick up in Crypt and Church Hire. We do need to address the matter of reduced congregational giving with a Stewardship Sunday later in the year. Our biggest financial cushion is our CCLA holdings, the Investment and Property Funds, and their dividend payments. We will be selling shares to fund major projects this year – most notably the new lighting in church but we will still have sufficient reserves to continue to be financially viable. Simon Launchbury (Treasurer) 2 ST PETER'S CHI'RCH. STREATHAfyI The Nlembers St Paer'5 Churrh Leigham ("{￿n Ro•d London S￿'162SD ACCOLNTS FOR THE I'EAR Tr:YDING 31111J2021 On behalf of the PCC. I pThni the A¢ciKJnt5 fiw the )¢4r ¢ndin8 3 I t)ecanber 20?1. Simon Launchbup*' a%iJreT lo Ihe Par(Khi&l Church Council 3 Dodbrwkc London SE•7 OPF INDEPENDENT EXANIINER'S STATEMEYT I have revie44.ed the ￿¢￿nIS th¢ year ending 31 Decembtt 2021. The review has included a S￿dV of the ledger& bank ￿￿tement% pavmcnts bv bank or cash with Ihe rele¥'ant I'ouchers. service Cdleckn'(￿S Ixh¢r payments to the banK t0￿her with the b'lXlLhers I haN'e verified ihe b4lanc¢s. The rth'iew. has included payments to and friffi the Regtricted Funds, The minules papers of the PCC and ihe Builth'ngs and Finance C(Knmittee. including the Treasurer's reports. wtre a%'ailable for Inspecti￿ Lm reque I wntirni ihai the PCC a¢cwnis ire an •c¢uraie refleaion of the financial rxxition •s ai 31 December ?O?l Thefe are Tho mallefs which ha￿'e come 10138ht during my review which sIKwld be reported kn the Nlembers of chU￿h Council Eli(A John4 NUnheA￿ SEI 5 APPROIW) BI. THE PAROCHtAL CHURCH COLfNCtL ON .. Fr Steffan Mitthits, Chairman ## **St. Peter's Church, Streatham Financial Statement at 31-12-2021 Receipts and Payments Account** |**General Fund**
**Receipts**
Regular Income
Planned
Unplanned
Card Reader Donations
Income Tax Recovered
Other Income
Donations (excluding below)
Fr Steffan's welcomegift
Bequests
Grants
Fees
Candles
Events & Activities
Crypt Hire
Fund Raising Events
Church Hire
Sale of Magazine& Books
Other
Insurance Claims
Bank Interest
VAT refund
**Total General Fund Receipts**
**Transfer from Sacristy Fund**
**Transfer from CCLA**
**Payments**
Diocesan Assessment/ Pledge
Clergy expenses
Repairs etc
Repairs against insurance claim
Church Insurance
Utilities
Music
Sacristy
Printing & Copying
Crypt maintenance
Parish Admin
Magazine & Bookstall
Fund Raising expenses
**Transfer to Sacristy Fund**
**General Fund Payments**
**CCLA Deposit Fund**
**Receipts**
Interest
Investment income
**Payments**
Trans to General Fund
**CCLA Deposit Fund Surplus/Deficit**
**General Fund Surplus Surplus/Deficit**|**2019**
£
37,476.06
7,305.90
0.00
11,406.68
56,188.64
3,570.42
0.00
500.00
0.00
1,734.00
0.00
5,804.42
22,238.30
1,569.36
2,400.00
45.00
26,252.66
50.00
11.24
0.00
61.24
**88,806.96**
**8,000.00**
**9,550.00**
**106,356.96**
56,156.00
1,488.59
9,972.04
0.00
9,926.66
9,035.57
9,311.25
3,358.78
1,909.72
2,666.12
1,661.14
0.00
361.08
0.00
**105,846.95**
**510.01**|**2020**
**2021**
£
**£**
33,856.91
32,773.83
1,722.75
2,371.30
778.29
949.40
6,593.66
8,582.33
42,951.61
44,676.86
4,995.30
4,405.21
845.00
0.00
0.00
700.00
500.00
614.00
294.00
1,871.00
0.00
80.00
6,634.30
7,670.21
9,266.25
11,157.00
294.50
575.00
275.00
2,044.00
215.00
48.30
10,050.75
13,824.30
130.00
0.00
12.02
0.90
665.96
798.04
807.98
798.94
**60,444.64**
**66,970.31**
**0.00**
**3,676.65**
**30,000.00**
**32,800.00**
**90,444.64**
**103,446.96**
56,715.00
56,998.00
484.45
454.24
3,447.68
9,487.02
0.00
0.00
10,113.74
8,597.04
6,720.15
7,999.61
4,149.66
7,203.10
1,767.89
1,658.76
2,374.06
1,707.13
5,036.30
2,492.24
2,118.80
619.12
0.00
0.00
400.00
0.00
**0.00**
**1,251.25**
**93,327.73**
**95,965.01**
103.07
7.14
15,257.17
15,522.14
**15,360.24**
**15,529.28**
**30,000.00**
**32,800.00**
**-14,639.76**
**-17,270.72**
**-2,883.09**
**7,481.95**| |---|---|---| 5 |**Restricted Funds**
**The Business Premium Account**
**Sacristy Fund**
**Receipts**
Interest
Trans from Current Acc
**Payments**
Trans to Current Acc
**Charities Fund**
**Receipts**
**Payments**
**Charities Surp /Deficit**
**Choir: Music Robes & Travel Fund**
**Receipts**
Cathedral Trip subs
GA donations
Non-GA donations
Interest
Scholarship
Tax Reclaim
Concerts
Other Donations
**Payments**
Cathedral trip expenses
Stationery
Music & Robes
Concert expenses
Additional Singers
Scholarship
Other expenses
**Choir Fund Surplus/Deficit**
**Organ Fund**
**Receipts**
Gift Aid Donations
Interest
Grant
Other Donations
Tax Recovered
VAT refund
Concerts & Fund Raising
**Payments**
Recitals, Concerts & Fund Raising
Organ Works
**Organ Fund Surplus/Deficit**|**2020**
**2021**
£
£
4.60
0.60
0.00
1,251.25
**4.60**
**1,251.85**
0.00
3,676.65
**0.00**
**3,676.65**
1,041.00
1,161.50
1,915.00
1,354.50
**-874.00**
**-193.00**
1,318.00
0.00
75.00
0.00
0.00
50.00
11.27
9.27
430.00
445.00
127.50
56.25
56.62
62.83
0.00
0.00
**2,018.39**
**623.35**
692.00
0.00
0.00
0.00
106.95
408.02
0.00
0.00
0.00
0.00
0.00
857.00
0.00
0.00
**798.95**
**1,265.02**
**1,219.44**
**-641.67**
512.00
715.00
22.01
17.15
0.00
0.00
235.00
316.00
263.16
93.75
0.00
1,753.11
441.26
612.30
**1,473.43**
**3,507.31**
0.00
100.00
0.00
10,518.66
**0.00**
**10,618.66**
**1,473.43**
**-7,111.35**| |---|---| 6 ## **St. Peter's Church, Streatham** ## **Financial Statement at 31-12-2021** |**Receipts**
**General Funds**
**PCC**
66,970.31
Less Tax recoverable Q4 2021
-2,420.52
Plus Tax Q4 2020
2,118.59
Less Gen Fund Cheques
2,427.84
Less Tax Reclaim for Organ & Choir Funds
-150.00
Transfer from CCLA
32,800.00
CCLA Deposit Fund
15,529.28
**General Funds Subtotal**
**101,746.22**
**Restricted Funds**
BPA
1,251.85
Cha
1,161.50
Choir
623.35
Organ
3,507.31
**Restricted Funds Subtotal**
**6,544.01**
**Total Receipts**
**108,290.23**
**Summary**
Statutory total
**2020**
**2021**
Receipts
110,649.24
108,290.23
Payments
126,041.68
145,679.84
**Surplus/Deficit**
**-15,392.44**
**-37,389.61**
Total Non Restricted
-2,576.15
-27,018.79
Restricted Funds
-12,816.29
-10,370.82
**Total**
**-15,392.44**
**-37,389.61**
**Statement of Assets and Liabilities**
**2020**
Monetary Assets
General
Restricted
Total
PCC Current Account (Barclays)
500.00
500.00
PCC Deposit Account (Barclays)
8,881.16
8,881.16
CCLA Deposit Fund
22,047.71
22,047.71
BPA: Sacristy Fund
5,887.82
5,887.82
Choir Funds Account
11,337.76
11,337.76
Organ Fund Account
22,427.94
22,427.94
Charities Account
558.64
558.64
**Total cash**
**9,381.16**
**62,259.87**
**71,641.03**
General Funds
Barclays Accounts
9,381.16
9,381.16
CCLA Deposit Fund
22,047.71
9,381.16
RestrictedFunds
BPA: Sacristy Fund
5,879.86
5,879.86
Choir Fund
11,337.76
11,337.76
Organ
22,427.94
22,427.94
Charities
558.64
558.64
**Total Funds**
**9,381.16**
**62,259.87**
**71,641.03**|**Payments**| |---|---| ||**General Funds**Barclays
95,965.01
CCLA Fund
32,800.00
**General Funds Subtotal**
**128,765.01**| ||**Restricted Fun**BPA
3,676.65
Cha
1,354.50
Choir
1,265.02
Organ
10,618.66
**Restricted Funds Subtotal**
**16,914.83**| ||**Total Payments**
**145,679.84**| ||| ||**Cheques to be presented**
**General Fund**
103897
£43.50
103911
£12.14
103912
£1,123.20
103913
£100.00
103914
£504.00
103915
£504.00
103916
£66.32
**General Fund Total**
**2,286.84**
**Charities Acc**
**100371**
**141.00**
**Total Cheques**
**2,427.84**| ||**2021**
General
Restricted
Total
500.00
500.00
6,217.11
6,217.11
4,776.99
4,776.99
3,463.02
3,463.02
10,696.09
10,696.09
15,316.59
15,316.59
365.64
365.64
**11,494.10**
**29,841.34**
**41,335.44**
6,717.11
6,717.11
4,776.99
4,776.99
3,463.02
3,463.02
10,696.09
10,696.09
15,316.59
15,316.59
365.64
365.64
**11,494.10**
**29,841.34**
**41,335.44**| 7 ## Notes: |**Other Assets.**||||| |---|---|---|---|---| ||**2021**|||| |Investments with CCLA|637051001P|107,331.06|bid market price|105,668.86| ||637051001S|429,163.85|bid market price|428,588.41| |||**536,494.91**||**534,257.27**| |Inland Revenue tax reclaims||||| |All reclaims lodged have been settled.||||| |It is estimated that the reclaim due for Q4||||| |will amount to|2,420.52|||| |**Liabilities**||||| ||**2021**|||| |Sundry cheques awaiting presentation||||| ||2,427.84|||| |Machine Rental Agreement||||| In March 2020 the PCC entered into a three year photocopier rental contract with rank Xerox at an annual rate of £630.00 plus copying charged. Annual Parish Pledge Due 57,568.00 8