## **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 ## ## ##