## **Treasurer’s Report** 

During 2020 the annual overarching income reduced by a net amount £3039. 

As expected, the biggest differential in the income was from reduced lettings from the hall which was down by £4074. The pre-school have now been back for a few months and dance classes have just started again. We are prayerfully hopeful that we will retain these loyal tenants. 

Offertory and giving was reduced by £2392. There has been some reduced giving from leaving, retiring and deceased members. This has been coupled with the pandemic affecting collective meetings and the ability to collect the weekly offertory. Additionally there has  been minimum increase in giving or new donors. 

However, many members have converted their cash giving to more direct giving via the bank and cheque donations. 

Giving specifically to youth and children has also reduced by £2,198 mostly likely to be attributable to the lack of childrens/youth activities (Crash & Connectz) that ran throughout 2020. 

Gift Aid claims remained stable from the previous year. 

Expenditure has reduced throughout the year. 

Gas, electric and water have reduced by £1544 for the full year. 

Spend on property costs have been £3863 lower than the previous year and significantly below budget. 

Employment cost in 2019 were £10566 for the Childrens & Youth worker and the Lay Pastoral worker. Employment & expenditure costs in 2020 for the Community Pioneers were £5116. As the Community Pioneers started in September 2020, there was a gap of 9 months without expenditure on additional staff reducing year on year spend by £5450. 

This does not include the office administrator whose costs have remained stable. 

Church banking has now moved all on line and this has seen a small reduction in bank charges throughout the year. 

General reserves have increased by £15430 which arises from the differential between income and expenditure. There is £30000 for 3 



months notional expenditure and the balance available to support the cost of the Community Pioneers. 

Whilst it is clear that Covid has impacted significantly on the income of the church, it has nevertheless been boosted by grants and specific giving to Community Pioneers. This has helped to mitigate the reduction in income for this year. However, it must be borne in mind that expenditure has also reduced due to the closure of the church and hall. The picture in 2021 is likely to look very different as expenditure increases and members need to be mindful of this. 

Whilst we are in healthy position today, the outlook for this year will undoubtedly put pressure on this position and, we all as stewards, have a duty to ensure the long term sustainability of church finances. Giving has remained static for many for a number of years. 

The church asks you to respond to this challenge; a small change from each of us can make a huge difference overall. 

Debbie Millar 

06/06/2021 Treasurer@zuchurch.co.uk 



## **Zion United Church - Frampton Cotterell** 

**End of Year Financial Statements Year ending 31 December 2020** 

_Page 1_ 



## **Statement of Financial Activities** 

|**UnrestrictedDesignatedRestrictedEndowment**<br>**TotalPrior year**<br>**funds**<br>**funds**<br>**funds**<br>**funds**<br>**fundstotal funds**|**UnrestrictedDesignatedRestrictedEndowment**<br>**TotalPrior year**<br>**funds**<br>**funds**<br>**funds**<br>**funds**<br>**fundstotal funds**|
|---|---|
|**Income and endowments from:**||
|Donations and legacies|115,854<br>—<br>12,325<br>—<br>128,179<br>122,682|
|Income from charitable activities|6,339<br>—<br>10<br>—<br>6,349<br>14,621|
|Other trading activities|39<br>—<br>—<br>—<br>39<br>193|
|Investments|125<br>—<br>—<br>—<br>125<br>134|
|Other income|2,275<br>—<br>—<br>—<br>2,275<br>2,377|
|**Total income**|**124,634**<br>**—**<br>**12,335**<br>**—**<br>**136,969**<br>**140,008**|
|||
|**Expenditure on:**||
|Expenditure on charitable activities|109,205<br>286<br>5,328<br>—<br>114,820<br>131,046|
|Other expenditure|—<br>—<br>—<br>—<br>—<br>—|
|**Total expenditure**|**109,205**<br>**286**<br>**5,328**<br>**—**<br>**114,820**<br>**131,046**|
|||
|**Net income / (expenditure) resources**<br>**before transfer**|**15,429**<br>**(286)**<br>**7,006**<br>**—**<br>**22,149**<br>**8,962**|
|||
|**Transfers**||
|Gross transfers between funds - in|—<br>—<br>—<br>—<br>—<br>7,607|
|Gross transfers between funds - out|—<br>—<br>—<br>—<br>—<br>(7,607)|
|**Other recognised gains / losses**||
|Gains / losses on investment assets|—<br>—<br>—<br>—<br>—<br>—|
|Gains on revaluation, fxed assets,<br>charity's own use|—<br>—<br>—<br>—<br>—<br>—|
|**Net movement in funds**|**15,429**<br>**(286)**<br>**7,006**<br>**—**<br>**22,149**<br>**8,962**|
|||
|**Total funds brought forward**|**49,665**<br>**12,000**<br>**1,706**<br>**—**<br>**63,371**<br>**54,409**|
|||
|**Total funds carried forward**|**65,095**<br>**11,713**<br>**8,712**<br>**—**<br>**85,521**<br>**63,371**|
|||
|**Represented by**||
|||
|**Unrestricted**||
|General fund|65,095<br>—<br>—<br>—<br>65,095<br>49,665|
|||
|**Designated**||
|Premises|—<br>11,713<br>—<br>—<br>11,713<br>12,000|
|||
|**Restricted**||
|Agency collection|—<br>—<br>—<br>—<br>—<br>—|
|Bequest Fund|—<br>—<br>—<br>—<br>—<br>—|
|Children & Youth|—<br>—<br>1,749<br>—<br>1,749<br>901|
|Community Pioneer|—<br>—<br>6,148<br>—<br>6,148<br>—|
|Solar Panels for Producing Electricity|—<br>—<br>—<br>—<br>—<br>—|
|Weekend away 'Hill House'|—<br>—<br>814<br>—<br>814<br>804|
|Zion Beacon Project|—<br>—<br>—<br>—<br>—<br>—|
|||



_Page 2_ 



## **Balance sheet** 

|**Class and code**<br>**Description**|**Thisyear**<br>**Lastyear**|
|---|---|
|||
|||
|**Current assets**||
|6501<br>NatWest current account|64,727<br>6,412|
|6502<br>Cash in hand|—<br>—|
|6503<br>CFB deposit account|19,178<br>19,052|
|Z05<br>Accounts Receivable Debtors & Prepaymens|1,704<br>40,580|
|**Total Current assets**|**85,610**<br>**66,045**|
|||
|**Liabilities**||
|6699<br>Agency collections|89<br>—|
|Z04<br>Accounts Payable|—<br>2,673|
|**Total Liabilities**|**89**<br>**2,673**|
|||
|**Net Asset surplus(defcit)**|**85,521**<br>**63,371**|
|||
|**Reserves**<br>||
|Excess / (defcit) to date|22,149<br>29,790|
|Z01<br>Starting balances|63,371<br>33,581|
|**Total Reserves**|**85,521**<br>**63,371**|
|||
|||
|**Represented by funds**||
|Unrestricted|65,095<br>49,665|
|Designated|11,713<br>12,000|
|Restricted|8,712<br>1,706|
|Endowment|—<br>—|
|**Total**|**85,521**<br>**63,371**|
|||



## **Statement of assets and liabilities** 

**GeneralDesignatedRestrictedEndowmentThis year Last** 

||**GeneralDesignatedRestrictedEndowmentThis year**<br>**Last**|
|---|---|
|**year**||
|**Current assets - Cash at bank and in**<br>**hand**||
|NatWest current account -|44,512<br>11,713<br>8,502<br>—<br>64,727<br>6,412|
|CFB deposit account -|19,178<br>—<br>—<br>—<br>19,178<br>19,052|
|**Totals**|**63,690**<br>**11,713**<br>**8,502**<br>**—**<br>**83,905**<br>**25,465**|
|||
|**Current assets - Debtors**||
|Accounts Receivable Debtors &<br>Prepaymens -|1,404<br>—<br>300<br>—<br>1,704<br>40,580|
|**Totals**|**1,404**<br>**—**<br>**300**<br>**—**<br>**1,704**<br>**40,580**|
|||
|**Liabilities - Agency accounts**||
|Agency collections -|—<br>—<br>89<br>—<br>89<br>—|
|**Totals**|**—**<br>**—**<br>**89**<br>**—**<br>**89**<br>**—**|
|||
|**Liabilities - Creditors: Amounts falling**<br>**due in one year**||
|Accounts Payable -|—<br>—<br>—<br>—<br>—<br>2,673|
|**Totals**|**—**<br>**—**<br>**—**<br>**—**<br>**—**<br>**2,673**|
|||
|**Grand total**|**65,095**<br>**11,713**<br>**8,712**<br>**—**<br>**85,521**<br>**63,371**|
|||



_Page 3_ 



## **Fund movement by type** 

||**Opening Incoming Outgoing TransfersGains/losses Closing**|
|---|---|
|**ComP - Community Pioneer**||
|Restricted|—<br>11,266<br>5,117<br>—<br>—<br>6,148|
|**Sub-total for ComP**|**—**<br>**11,266**<br>**5,117**<br>**—**<br>**—**<br>**6,148**|
|||
|**General - General fund**||
|Unrestricted|49,665<br>124,634<br>109,205<br>—<br>—<br>65,095|
|**Sub-total for General**|**49,665**<br>**124,634**<br>**109,205**<br>**—**<br>**—**<br>**65,095**|
|||
|**Premises - Premises**||
|Designated|12,000<br>—<br>286<br>—<br>—<br>11,713|
|**Sub-total for Premises**|**12,000**<br>**—**<br>**286**<br>**—**<br>**—**<br>**11,713**|
|||
|**HillHouse - Weekend away 'Hill H**||
|Restricted|804<br>10<br>—<br>—<br>—<br>814|
|**Sub-total for HillHouse**|**804**<br>**10**<br>**—**<br>**—**<br>**—**<br>**814**|
|||
|**ChildYouth - Children & Youth**||
|Restricted|901<br>1,059<br>210<br>—<br>—<br>1,749|
|**Sub-total for ChildYouth**|**901**<br>**1,059**<br>**210**<br>**—**<br>**—**<br>**1,749**|
|||
|**Beacon - Zion Beacon Project**||
|Restricted|—<br>—<br>—<br>—<br>—<br>—|
|**Sub-total for Beacon**|**—**<br>**—**<br>**—**<br>**—**<br>**—**<br>**—**|
|||
|**Bequest - Bequest Fund**||
|Restricted|—<br>—<br>—<br>—<br>—<br>—|
|**Sub-total for Bequest**|**—**<br>**—**<br>**—**<br>**—**<br>**—**<br>**—**|
|||
|**Solar-Pan - Solar Panels for Pro**||
|Restricted|—<br>—<br>—<br>—<br>—<br>—|
|**Sub-total for Solar-Pan**|**—**<br>**—**<br>**—**<br>**—**<br>**—**<br>**—**|
|||
|**Grand total**|**63,371**<br>**136,969**<br>**114,820**<br>**—**<br>**—**<br>**85,521**|
|||



_Page 4_ 



## **Analysis of income and expenditure** 

||||
|---|---|---|
|||—<br>—<br>10<br>—<br>10<br>4,207|
|||6,339<br>—<br>10<br>—<br>6,349<br>14,621|
|||39<br>—<br>—<br>—<br>39<br>193|
|||39<br>—<br>—<br>—<br>39<br>193|
|||125<br>—<br>—<br>—<br>125<br>134|
|||125<br>—<br>—<br>—<br>125<br>134|
|||2,275<br>—<br>—<br>—<br>2,275<br>2,377|
||Total|2,275<br>—<br>—<br>—<br>2,275<br>2,377|
||**INCOME TOTAL**|124,634<br>—<br>12,335<br>—<br>136,969<br>140,008|



_Page 5_ 



## **EXPENDITURE** 

## **Expenditure on charitable activities** 

|2201 - Annual Assessment<br>Methodist<br>2202 - Annual Assessment URC<br>2302 - Church Insurance<br>2401 - Church running expenses<br>2402 - Church Gas<br>2403 - Church Electricity<br>2404 - Telephone & broadband<br>costs<br>2405 - Ofce Administrator<br>2406 - Church Water<br>2407 - Church Cleaning Services<br>2411 - Minister's Expenses<br>2501 - Hall expenses<br>2502 - Hall Gas<br>2503 - Hall Electricity<br>2504 - Hall Cleaning Services<br>2505 - Hall Water<br>2506 - Hall Insurance<br>2601 - Junior Church<br>2602 - Youth & Children<br>2701 - Evangelism & Outreach<br>2702 - ConnectZ<br>2801 - Lay Worker<br>2802 - Training<br>2803 - World Mission Group<br>2804 - Minister's Discretionary<br>expenses<br>2810 - Gifts<br>2901 - Bank charges<br>3001 - Church Property<br>3002 - Hall Property<br>3010 - Audio / Visual<br>4001 - 'Hill House'<br>4200 - Social Events<br>4401 - Children & Youth Worker<br>4500 - Commmunity Pioneers -<br>Salary<br>4501 - ComP - Expenditure<br>4502 - ComP - Expenses|22,644<br>—<br>—<br>—<br>22,644<br>22,300<br>45,742<br>—<br>—<br>—<br>45,742<br>45,788<br>3,159<br>—<br>—<br>—<br>3,159<br>2,827<br>3,916<br>—<br>—<br>—<br>3,916<br>4,728<br>1,150<br>—<br>—<br>—<br>1,150<br>1,913<br>414<br>—<br>—<br>—<br>414<br>682<br>610<br>—<br>—<br>—<br>610<br>366<br>5,804<br>—<br>—<br>—<br>5,804<br>5,647<br>340<br>—<br>—<br>—<br>340<br>355<br>192<br>—<br>—<br>—<br>192<br>1,074<br>1,437<br>—<br>—<br>—<br>1,437<br>96<br>1,135<br>—<br>—<br>—<br>1,135<br>1,402<br>816<br>—<br>—<br>—<br>816<br>993<br>808<br>—<br>—<br>—<br>808<br>1,448<br>467<br>—<br>—<br>—<br>467<br>625<br>188<br>—<br>—<br>—<br>188<br>229<br>1,565<br>—<br>—<br>—<br>1,565<br>1,298<br>214<br>—<br>—<br>—<br>214<br>284<br>—<br>—<br>145<br>—<br>145<br>987<br>587<br>—<br>—<br>—<br>587<br>546<br>—<br>—<br>65<br>—<br>65<br>592<br>—<br>—<br>—<br>—<br>—<br>7,165<br>261<br>—<br>—<br>—<br>261<br>638<br>13,300<br>—<br>—<br>—<br>13,300<br>13,600<br>—<br>—<br>—<br>—<br>—<br>250<br>1,990<br>—<br>—<br>—<br>1,990<br>1,794<br>475<br>—<br>—<br>—<br>475<br>588<br>—<br>286<br>—<br>—<br>286<br>2,228<br>—<br>—<br>—<br>—<br>—<br>1,921<br>1,982<br>—<br>—<br>—<br>1,982<br>1,102<br>—<br>—<br>—<br>—<br>—<br>4,167<br>—<br>—<br>—<br>—<br>—<br>—<br>—<br>—<br>—<br>—<br>—<br>3,401<br>—<br>—<br>4,514<br>—<br>4,514<br>—<br>—<br>—<br>562<br>—<br>562<br>—|
|---|---|
||—<br>—<br>40<br>—<br>40<br>—|
|Total|109,205<br>286<br>5,328<br>—<br>114,820<br>131,046|
|**EXPENDITURE TOTAL**|109,205<br>286<br>5,328<br>—<br>114,820<br>131,046|
|||
|**GRAND TOTAL**|15,429<br>(286)<br>7,006<br>—<br>22,149<br>8,962|



_Page 6_ 



## **Conclusion** 

- Clearly COVID 19 has had a major impact on all church activity last year and this impact can be seen in all aspects of the church finances. Discounting income attributable to ‘Hill House’, overall income was largely unchanged. However, the reductions in income attributable to lower hall rentals have been offset by receipt of grants to fund the community pioneers. As COVID restrictions start to ease, we should be able to welcome groups back to the hall from the middle and hopefully the rate of income previously received will resume from September onwards. 

- From an expenditure perspective, after discounting the expenditure attributable to Hill House and the Youth and Lay Worker in 2019, overall expenditure reduced by c£1493.  While lower church usage has seen a reduction in church running costs (eg Gas, electricity) many aspects of church expenditure are fixed (eg Methodist and URC contributions, insurances etc) and in some cases have increased. 

- Despite these observations, overall income exceeded expenditure by £22149, and reserves held at the bank increased to £85521. 

- Since September, the community pioneers have been in post and we have received some grant income and designated giving to support them. In 2020, this is clearly in excess of the costs incurred. However, this position will reverse, and we will, as planned, have to draw in reserves to support their employment. Assuming income maintains at the current level, this position is a sustainable one. 

This report dated: 31 March 2021 

_Page 7_ 



INDEPENDENT EXAMINER'S REPORT TO THE ELDERS OF
ZION UNITED CHURCH, FRAMPTON COTTERELU BRISTOL
I report on the financial statements of Zion United Church for the year ended 31* December 204 vthich
are set out in the endosed pages.
Respectlve responsibilities of trustees and examlner
The charity's trustees are ￿sponsible for the preparation of the accounts. The charitys trustees consider
than an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act)
and that an independent examination is needed.
It is my responsibility to:
examine the accounts under section 145 of the Chaiities Act 2011
to follow the PrO￿dureS laid down in the general Directions given by the Charity Commission under
Section 145(5)Ib) of the 2011 Act: and
to state whether particular matters have come to my attention.
Basls of Independent examlnefs report
My examination was carried out in accordance with the general Directions gtven by the Charity
Commission. An examination indudes a review of the accounting records kept by the charity and a
comparison of the accounts presented with those records. It also includes consideration of any unusual
items or disclosures in the accounts, and seeking explanations from you as trustees conceming any such
matters. The procedures undertaken do not provide all the evidence that would be required in an audit
and consequently no opinion is given as to whether the accounts present a Irue and fair view and the
report is limited to those matters set out in the statement below.
Independent examlnefs statsmant
In connection with my examination, no matter has come to my attention..
(1) which gives me reasonable cause to believe that in any material respect the requirements".
to keep accounting records in accordan￿ wtth section 130 of the 2011 and section 44 (1)(a)
of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
to prepare accounts which accord with the accounting records and comply with the accountlng
requirements of the 2011 Act and section 44{1 }{b) of the 2005 Act and Regulation 9 of the 2006
Regulations
have not been met.. or
(2) to which, in my opinion. attention should be drawn in order to enable a woper understanding of the
accounts to b8 reached.
Robert West F.C.A.
19 Langthom Close, Frampton Cotterell, Bristol, BS36 2JH
Date:
lo*1