## **Finance Annual Report 2021** **2021 has once again been a challenging year in so many ways. COVID restrictions and both pastoral and administration changes have brought heavy workloads particularly for our Leadership team. God has really blessed all the hard work and prayers and we are excited to begin a new chapter with our new team. Our new Pastor Paul and his wife Alison were welcomed into ministry on the 1[st] November and our new administrator Louise will be up and running in the New Year.** **2021 from a financial point of view has been another great year. As you can see from the attached figures, combined Offerings and Mission Income were £86846, which is £11004 down on the previous year but still a great effort. Thank you to those of you who have signed up to give by standing order or internet banking, it really contributes and also saves time. Chapel House and Willow Cottage were both fully occupied, boosting rental income. The Gift Aid Refund this year was £14971 so thank you again to everybody for using the Gift Aid Scheme. Total income for 2021 was £124214.** **Expenditure was again affected by COVID. Reduced use of our building led to less spending on electricity, fuel and water. Cancelled trips once again led to reduced spending on youth and hospitality. Generous responses to Mission causes led to significant mission giving of £31884 to 18 different causes. Spending on repairs and renewals was significantly reduced. Overall expenditure was £100637 resulting in an end of year surplus of £23578.** **Eight years ago it was agreed at the AGM that any surplus at the end of the financial year over £30000 would be given away. We voted to discontinue this principle two years ago and so will commence the next financial year with £56224 in the bank, a great start for a new chapter.** **Also attached to the accounts is the budget for 2022 to be agreed at the AGM. Mark Andrews, Neil Ashworth, Andy Wright, Andy McKinnell and Bill Hardman have worked through the figures and attempted to come up with a balanced budget. We are at the beginning of the next chapter at Inglewhite and we will probably have to re-budget during the year as new projects and vision become apparent.** **For those who are responsible for budgets within the Church we ask again that you confirm with the finance team any individual spending over £200 to allow us to plan cash flow efficiently.** **The salaries of our Pastor and Administrator have already been set for 2022 so there will not be a need to agree these figures at the AGM.** **Thank you once again to everyone who supports the work at Inglewhite so generously. Not many Churches will be able to produce such positive accounts in another COVID year. We believe God has really blessed our positive attitude to giving over the years and are in a great financial position to see God’s work continue to grow here at Inglewhite, and also support Mission. If you have any queries or require any clarification on either the accounts or future budget then please don’t hesitate to ask any one of the Finance Committee and we will do our best to help.** **On behalf of the Finance Team,** Bill Hardman ## **CHURCH BUDGET DEC 2020/NOV 2021** ## **30th November 2021** **----- Start of picture text -----**
INCOME 2019/20 Actual 2020/21 Budget 2020/21 Actual
Offerings/ Gift Aids 83849 78500 65704
Mission Income 14001 15000 21142
Gift Aid Refund 17182 15000 14971
Rent 13681 13000 15600
Use of Hall/Weddings etc 4554 3000 2540
Traidcraft 564 500 408
Interest/Investment Income 1275 1000 696
Sundry Income 2967 5000 3153
Total 138073 131000 124214
EXPENDITURE 2019/20 2020/21 Budget 2020/21
Salary/Pension/ NI cont. 46338 67000 37274
Mission Gifts 44911 22400 31884
Repairs/Renewals 15406 10000 3040
Heat/ Light/ Fuel/Water 4325 5000 3102
Telephone 1301 1300 623
Council Tax 699 0 946
Stationary/Books etc. 1768 2000 954
Gardening/Cleaning 3627 4000 3287
Preaching/Trav. Exp 160 1000 620
Affiliation Fees 2718 2800 2551
Pastoral Expenses 723 2000 4711
Insurance 1571 1700 1654
Youthwork 2434 5000 1908
Training 1035 1000 300
Worship Group/ Tech Supp. 1928 1000 3711
Outreach & Hospitality 2116 3000 1365
Traidcraft 499 500 353
Sundry 1279 1300 2354
Total 132838 131000 100637
SURPLUS (-DEFICIT) 5235 0 23577
Accounts 12/01/2020 11/30/2021
Treasurer £2,250.92 £2,132.78
BMM £30,395.84 £54,092.11
Total £32,646.76 £56,224.89
2020/21 Income £124,215.24
2020/21 Expenditure £100,637.11
**----- End of picture text -----**
**% of Budget 84 141 100 120 85 82 70 63 95 % of Budget 56 142 30 62 48 N/A 48 82 62 91 236 97 38 30 371 46 71 181 77 Surplus £23,578.13 £23,578.13** ## **Annual Report:** ## **Inglewhite Congregational Church 2021** **1. Reference and administrative details of the charity, its trustees and advisors Charity No. 1158000** ## **Charity Name & Address** Inglewhite Congregational Church, Silk Mill Lane, Inglewhite, Preston PR3 2LP (The Church is part of the Congregational Federation) ## **Charity Trustees** ## **Trustees** The Holding Trustees are the Congregational Federation Limited of 4 Castle Gate, Nottingham NG1 7AS (registered charity number 267469) The managing trustees are the Minister and deacons who report to the Church Meeting. ## **Bankers** Our current account and deposit account are held by HSBC ## **Auditors** Towers & Gornall Chartered Certified Accountants Abacus House The Ropewalk Garstang Preston PR3 1NS ## **Day to Day Management** Day to day management of the charity is delegated to the Minister in conjunction with the deacons and Church officers. At 31[st] December 2020, this team consisted of: Minister: Paul Davies Secretary: Mark Andrews Administrator: Louise Clark Deacons: Stephen Hardman, Lisa Talbot, Dennis Bond, Mandy Wallace, Helen Lockley, Mark Andrews, Neil Ashworth Treasurer: Bill Hardman **2. Structure, governance and management** 1 ## **Governing Constitution** The declaration of the trust adopted by the Congregational Federation Limited on 13[th] June 2009, adopted by the Church from 23 October 2010. ## **Risk Management Assessment** In common with all other organisations, the Church is potentially at risk from a number of sources. The trustees are responsible, on behalf of the Church, with the advice of the Health and Safety Team, for ensuring that these risks are managed so as not to expose the Church to undue risk and that the Church is in a position to correctly deal with any situation that may arise. Risks have been assessed and mitigated. Examples of areas that are kept under review include: ## **Financial Strategy** Ensuring that we have sufficient reserves to meet expenditure and that income levels are maintained. Regular management accounts are supplied to the Church and deacon meetings. ## **Internal Financial Controls** Expenditure is reported against budget and monies received. Bank statements are reconciled monthly and two signatures are required on all cheques. Cash is banked promptly. ## **Budget Authority** The Church meeting sets agreed budgets for each financial year and Church groups have authority to work within these budgets. Any expenditure outside the budget must be brought before the treasurer and deacons for agreement. ## **Accounting Period** The accounting period is 12 months, December – November. The previous accounting period was the 12 months ending 30[th] November 2021. ## **Data and Copyright Protection** Ensuring that we comply with all current regulations. ## **Employment Regulations** Ensuring that current regulations are complied with and contracts are honoured. ## **Insurance** Insurance levels are reviewed annually. ## **Property** Buildings are managed and maintained through the maintenance team. ## **Child Abuse** A policy is in force for the protection of children in the care of the church and its volunteers which is overseen by the child protection team. The Child Protection Officers are appointed by the church meeting and are responsible to advise on the policy and be a point of contact for any issues arising. ## **Membership of External Bodies** The Church subscribes to the Evangelical Alliance and to the EA Basis of Faith Statement. ## **Trustee Appointment** 2 Any person on the Church membership may stand for election to the leadership team, having been proposed and seconded by other members according to the rules of faith and practice of the Church. Currently there are up to 9 who serve as leaders where they serve as both a managing trustee and a Church leader for a period of 3 years. The minister is an ex-officio member of this group. Elections take place at the Annual General Meeting. Please see appendix 1 for thoughts on being a leader to help you consider people to nominate. ## **3. Objectives and activities** ## **Vision** To be a Church that walks alongside one another and the wider community to make the love of God known to all. _Strap line (aim): To Walk with Christ, alongside you_ ## **Values: Deuteronomy 5:33 Walk in the way that the Lord your God has commanded you** - W – Worship and Word - A – All involved - L – Loving relationships, Learning together - K – Kingdom mentality ## **Explanation** **W** – We value _worship_ which seeks to honour God and place Jesus at the centre of our community whilst reflecting the multi-generational nature of the Church. We value the truth of _God’s Word_ in the Bible and hold our beliefs as helpfully reflected in the creed we have adopted as a Church. **A** – We value _All_ being involved, the ministry and contribution of every member, believing all have gifts to bring for the wider good. **L** – We value _Learning_ and growing together, depending upon the Bible and the work of the Holy Spirit. We value _Loving Relationships_ ; the Church at Inglewhite has a loving, caring soul which is reflected in a strength of relationship and an acceptance of one another which makes all who come feel welcome. **K** – We value having a Kingdom mentality, expecting God’s Church to grow as it serves the community around. Looking to spread Christ’s influence whether in the workplace, study environment, at home or in Church based activities through evangelism and other demonstrations of our faith. This is also reflected in our concern and support for the wider ministry of God through other local Churches and mission agencies. 3 ## **Application** ## **Pastor’s 2021 Report** July saw Pastor John Irwin move on from Inglewhite Church to seek what the Lord has for him in the coming years. For over 15 years John had done a great job pastoring and leading Inglewhite Church. I Paul Davies took up the role of pastor at Inglewhite Church on 1[st] November this year. As I write this, I have only been in post for a number of weeks but already feel very much at home here. We have less Covid restrictions in the church at this point but are aware that this could change at any point. Our services have been relatively full on a few weeks more recently which is very encouraging but there are still several vulnerable people who make use of the live streamed Zoom services that happen each Sunday morning. The last two years have been difficult for the church because of the virus situation. There have been several bereavements for the church to face and an increase sense of isolation. This has especially hit Inglewhite Church as it is obviously a very close family church who have done many things together over the years. People are still looking out for each other and bringing care where this has been needed. Regarding the leadership team we are looking forward to a few new people from the congregation joining us on the leadership team. As we seek together the plan and purpose God has for Inglewhite as move into a new year and beyond. We rejoice as the church is still in a strong position spiritually and financially as we look ahead. We have a lot to be thankful for as we are aware that God is still with us whatever we may go through as individuals and as a church. ## **Membership review** We at present have 112 members and many more who are regular attenders. We are encouraged as a number of people have expressed interest in becoming members in the new year. 4 ## **Other Church Reports** ## **Finance Annual Report 2021** 2021 has once again been a challenging year in so many ways. COVID restrictions and both pastoral and administration changes have brought heavy workloads particularly for our Leadership team. God has really blessed all the hard work and prayers and we are excited to begin a new chapter with our new team. Our new Pastor Paul and his wife Alison were welcomed into ministry on the 1[st] November and our new administrator Louise will be up and running in the New Year. 2021 from a financial point of view has been another great year. As you can see from the attached figures, combined Offerings and Mission Income were £86846, which is £11004 down on the previous year but still a great effort. Thank you to those of you who have signed up to give by standing order or internet banking, it really contributes and also saves time. Chapel House and Willow Cottage were both fully occupied, boosting rental income. The Gift Aid Refund this year was £14971 so thank you again to everybody for using the Gift Aid Scheme. Total income for 2021 was £124214. Expenditure was again affected by COVID. Reduced use of our building led to less spending on electricity, fuel and water. Cancelled trips once again led to reduced spending on youth and hospitality. Generous responses to Mission causes led to significant mission giving of £31884 to 18 different causes. Spending on repairs and renewals was significantly reduced. Overall expenditure was £100637 resulting in an end of year surplus of £23578. Eight years ago it was agreed at the AGM that any surplus at the end of the financial year over £30000 would be given away. We voted to discontinue this principle two years ago and so will commence the next financial year with £56224 in the bank, a great start for a new chapter. Also attached to the accounts is the budget for 2022 to be agreed at the AGM. Mark Andrews, Neil Ashworth, Andy Wright, Andy McKinnell and Bill Hardman have worked through the figures and attempted to come up with a balanced budget. We are at the beginning of the next chapter at Inglewhite and we will probably have to re-budget during the year as new projects and vision become apparent. For those who are responsible for budgets within the Church we ask again that you confirm with the finance team any individual spending over £200 to allow us to plan cash flow efficiently. The salaries of our Pastor and Administrator have already been set for 2022 so there will not be a need to agree these figures at the AGM. Thank you once again to everyone who supports the work at Inglewhite so generously. Not many Churches will be able to produce such positive accounts in another COVID year. We believe God has really blessed our positive attitude to giving over the years and are in a great 5 financial position to see God’s work continue to grow here at Inglewhite, and also support Mission. If you have any queries or require any clarification on either the accounts or future budget then please don’t hesitate to ask any one of the Finance Committee and we will do our best to help. On behalf of the Finance Team, Bill Hardman ## X **CHURCH BUDGET DEC 2020/NOV 2021** **30th November 2021** **----- Start of picture text -----**
2019/20 2020/21 2020/21
INCOME Actual Budget Actual % of Budget
Offerings/ Gift Aids 83849 78500 65704 84
Mission Income 14001 15000 21142 141
Gift Aid Refund 17182 15000 14971 100
Rent 13681 13000 15600 120
Use of Hall/Weddings etc 4554 3000 2540 85
Traidcraft 564 500 408 82
Interest/Investment
Income 1275 1000 696 70
Sundry Income 2967 5000 3153 63
Total 138073 131000 124214 95
2020/21
EXPENDITURE 2019/20 Budget 2020/21 % of Budget
Salary/Pension/ NI cont. 46338 67000 37274 56
Mission Gifts 44911 22400 31884 142
Repairs/Renewals 15406 10000 3040 30
Heat/ Light/ Fuel/Water 4325 5000 3102 62
Telephone 1301 1300 623 48
Council Tax 699 0 946 N/A
Stationary/Books etc. 1768 2000 954 48
Gardening/Cleaning 3627 4000 3287 82
Preaching/Trav. Exp 160 1000 620 62
Affiliation Fees 2718 2800 2551 91
Pastoral Expenses 723 2000 4711 236
Insurance 1571 1700 1654 97
Youthwork 2434 5000 1908 38
Training 1035 1000 300 30
Worship Group/ Tech
Supp. 1928 1000 3711 371
Outreach & Hospitality 2116 3000 1365 46
Traidcraft 499 500 353 71
Sundry 1279 1300 2354 181
Total 132838 131000 100637 77
SURPLUS (-DEFICIT) 5235 0 23577
Accounts 01/12/2020 30/11/2021 Surplus
Treasurer £2,250.92 £2,132.78
BMM £30,395.84 £54,092.11
Total £32,646.76 £56,224.89 £23,578.13
2020/21 £124,215.24
**----- End of picture text -----**
6 **Income 2020/21 Expenditure** **£100,637.11 £23,578.13** 7