Financial Report of Annual Accounts for the year ended 31.12.2021
Andrew Alder reported that the annual accounts, as attached to this report have been prepared under a receipts and payments basis, balance, have been Independently Examined and presented to the PCC prior to this Annual General Meeting. They form the accounts for the year ended 31[st] December 2021. These accounts have again been independently examined by Mr Les Ingles, who examines the accounts of St Catherine’s Mile Cross. I wish to express mine and the PCC’s thanks to him for undertaking this task for us. A full audit was not required as the ‘gross income’ through the accounts has reduced below the threshold for this need (£500k under the Charity Commission guidance).
This year’s accounts were clearly affected by the ongoing Covid 19 pandemic but at least in terms of governance we are back to normal.
Turning to the actual figures, it needs to be remembered that for effectively the first half of 2021 we were in various stages of lockdown and life has been very different after lockdown. This has noticeably affected our income streams, all down on 2020 levels. On the positive side though I would like to express my thanks to all who give regularly and have continued to give. We also had the added boost of a Gift Day at Advent to help with our parish share and this raised a wonderful £2,500. The other positive was the generous support from our Friends of St Mary’s who responded to a request for help to cover the grass cutting costs(2019) of £4150. This was placed in our churchyard fund and has helped the cashflow to cover 2020 grass cutting costs.
On the expenditure side, savings have been made where possible, and due to lack of face-to-face contact and no singing many cost lines are lower. Also, actual church costs for both St Mary’s and St Paul’s (reflecting utility usage) were lower. The main decision taken was to reduce the parish share payments to reflect our financial position (down to £40,000).
In summary the total general fund income was lower at £ 57,022.26 and expenditure lower at £ 58,897.30. After fund transfers the net general fund position was a further £175.04 worse off leaving our general a/c £210.18 overdrawn .
At the beginning of 2020 a PCC decision was taken to rationalise (close) some of our historic designated funds and to transfer these monies either back to the general fund (£1700) or to our CBF endowment fund (£20,000). This was added to the St Paul’s new building endowment as this was the purpose for which the monies were given but this fund generates a significantly higher return on assets.
Our main banking accounts remain at Barclays PLC and cover our day to day financing whilst our deposit account at CCLA retains our main cash funds. A fees account is also held at Barclays and the balance is noted at £6,106 but this is an account which is balanced quarterly when fees are settled.
The church also has its 2 endowment funds administered by the Diocese as noted on the Trial Balance sheet totalling £ awaiting balance figures from diocese .
Andrew Alder, Treasurer.
Hellesdon Parochial Church Council
Receipts and Payments Account for year ended 31 December 2021
| Receipts Planned Giving Casual Giving (collections) St M Community Room St P church lets Donations - St Michaels choir Donations - C'pillars & B'flies Donations - Gift Day Gift Aid Tax Reclaimed Fees (Wedding/Funeral) Traidcraft Family activity morning Open Doors Sundries Bank Interest Sub-Total Designated funds Restricted Funds Legacies (usually restricted) Charity Collections Total* |
2021 2020 29175.08 34,169.34 2750.70 5,619.90 80.00 143.00 7172.00 10,009.50 260.00 852.55 241.00 2500.00 8428.73 9,560.37 6480.00 9,770.00 120.00 218.30 10.00 4.00 592.00 4150.00 1,619.66 45.75 258.21 61172.26 73,057.83 2441.38 2,056.51 2,500.00 185.00 519.00 63798.64 78,133.34 |
Payments 2021 2020 Parish Share 40000.00 47,000.00 Clergy Expenses 1908.72 1,656.94 Parish Expenses 2098.99 1,685.15 Upkeep of Services 220.83 864.19 Insurance 2393.63 2,260.95 Admin& Secretarial 3936.53 4,798.66 Book Keeping & Accounts 650.00 650.00 Independant Examiner 50.00 50.00 St Mary's Total 4131.63 9,268.65 St Pauls's Total 2927.12 4,848.02 Organists 420.00 1,540.00 St Michaels choir 612.00 Caterpillers & Butterflies 534.05 Family Activity morning 159.85 363.84 Open Doors 200.00 Sundry 1,971.66 Sub Total 58897.30 78,304.11 Designated funds 820.68 1,420.27 Restricted Funds 5037.67 3,608.29 Charity Collections 195.00 629.00 Total 64950.65 83,961.67 |
|---|---|---|
*Donation from Friends re churchyard