| :;Welwyn Garden City United |
:;Welwyn Garden City United |
:;Welwyn Garden City United |
Reformed | Reformed | Church | Church | Church | Charity No: | Charity No: | Charity No: | 1167010 | 1167010 | Page 1 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FINANCIAL STATEMENTS | YEAR ENDED 31 | DECEMBER 2020 | |||||||||||||
| RECEIPTS AND PAYMENTS | ACCOUNT | ||||||||||||||
| This Year | Last Year | ||||||||||||||
| Unrestricted | Designated | Restricted | 2020 | 2019 | |||||||||||
| Note | Funds R | Funds R | Funds R |
Total R | Total E | ||||||||||
| RECEIPTS | |||||||||||||||
| Tithes and Offerings | 3 | 35,480 | 12,898 | 48,378 | 46,572 | ||||||||||
| Gifts and Legacies | 4 | 802 | 6,154 | 6,956 | 7,689 | ||||||||||
| Fund raising and Grants | 5 | 54,435 | 54,435 | 42,855 | |||||||||||
| Property income |
6 | 22,239 | 3,811 | 26,050 | 59,329 | ||||||||||
| :'Interest, investment income |
14a | 2,213 | 2,213 | 2,357 | |||||||||||
| "Other income | 7 | 4,149 | 7,108 | 14,933 | 26,190 | 5,586 | |||||||||
| Organisation income |
14b | 2,196 | 2,196 | 1,739 | |||||||||||
| Grant overpayment | 14c | 5,028 | 5,028 | 1,739 | |||||||||||
| Total | receipts | 62,670 | 9,321 | 99,455 | 171,446 | 166,128 | |||||||||
| 'PAYMENTS | |||||||||||||||
| Wider Ministry | 8 | 33,626 | 4,030 | 37,656 | 37,934 | ||||||||||
| Ministry/Group expenses |
9 | 17,844 | 69,046 | 86,890 | 88,682 | ||||||||||
| Church running costs |
10 | 14,977 | 6,137 | 5,171 | 26,285 | 30,309 | |||||||||
| Exceptional Expenses | 11 | 408 | 3,693 | 4,101 | 15,136 | ||||||||||
| Total | payments | 66,854 | 6,137 | 81,940 | 154,931 | 172,060 | |||||||||
| NET RECEIPTS I(PAYMENTS) | -4,184 | 3,183 | 17,516 | 16,515 | -5,933 | ||||||||||
| TRANSFERS between | funds | 4,430 | -11,380 | 6,950 | |||||||||||
| NET DRAWDOWN-Synod | Trust | 14d | 17,362 | 17,362 | |||||||||||
| UNREALISED CAPITAL GAIN/LOSS | -233 | -233 | 9,385 | ||||||||||||
| FUNDS b/fwd 1 January |
2,709 | 59,727 | 43,240 | 105,676 | 102,224 | ||||||||||
| FUNDS c/fwd 31 December | 2,955 | 68,659 | 67,706 | 139,319 | 105,676 | ||||||||||
| STATEMENT OF ASSETS | AND LIABILITIES | ||||||||||||||
| Assets | |||||||||||||||
| Monetary Assets | |||||||||||||||
| Bank account | 2,955 | 14,513 | 17,467 | 13,592 | |||||||||||
| Savings Account | 27,679 | 24,088 | 51,767 | 21,752 | |||||||||||
| Flower Account | 5 | 5 | 18 | ||||||||||||
| Investment Assets |
|||||||||||||||
| Investment COIF |
40,980 | 16,540 | 57,520 | 54,170 | |||||||||||
| Investment Jupiter |
12,560 | 12,56 | 16,144 | ||||||||||||
| Totals | 12 | 2,955 | 68,659 | 67,706 | 139,319 | 105,676 | |||||||||
| Other assets | |||||||||||||||
| Gift Aid recoverable | |||||||||||||||
| Assets used for church purposes | |||||||||||||||
| Buildings | 13 | Church buildings |
and manse | ||||||||||||
| Church contents | Furnishings | and | equipment | ||||||||||||
| Liabilities | |||||||||||||||
| Key deposits, overpaid | grant | income | 5,233 | 5,233 | 205 | ||||||||||
| "APPROVED by the Church -'by k~w g. w |
Members on g~,g~ (name) . The notes on pages 2to 5 form |
~l part |
and signed on their behalf ~(,. „(signature) ofthis financial statement |
| Designated Funds |
represent | unrestricted | unrestricted | funds set aside | by the church | for specific designated purposes; |
for specific designated purposes; |
for specific designated purposes; |
they |
|---|---|---|---|---|---|---|---|---|---|
| can be transferred | back into general | funds | at the church's | decision. | |||||
| Fund name | &purpose: | Balance b/fwd K |
Receipts in yearf |
Payments in yearf |
Transfers for year K |
Balance c/fwd R |
|||
| Benevolent Fund |
140 | 140 | |||||||
| Maintenance Fund |
9,126 | -6,137 | 6,248 | 9,238 | |||||
| Minister's Car Replacement |
10,000 | 10,000 | |||||||
| Reserve Fund | 40,460 | 9,321 | -8,000 | -9,628 | 32,152 | ||||
| Drawdown Fund |
25,362 | -8,000 | 17,362 | ||||||
| Totals for | designated | funds | 59,727 | 34,683 | -14,137 | -11,380 | 68,892 | ||
| alised CapitalGai |
n/Loss (R |
eserve | s) | -233 |
| Welwyn Garden City United Reformed Church |
Page 3 | ||||||
| FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2020 | |||||||
| NOTES - continued | |||||||
| RECEIPTS | |||||||
| This Year | Last Year | ||||||
| Unrestricted | Designated | Restricted | 2020 | 2019 | |||
| Funds r. | Funds R | Funds R | Total E | Total R | |||
| TITHES AND OFFERINGS | |||||||
| Cash and Cheque Giving |
3,531 | 242 | 3,773 | 5,184 | |||
| Direct Giving | 21,143 | 21,143 | 11,928 | ||||
| Envelopes | 5,340 | 5,340 | 13,867 | ||||
| Gift Aid | 5,464 | 1,667 | 7,131 | 7,246 | |||
| Special collections | 2,056 | 2,056 | 1,487 | ||||
| Youth, Mission, Build Pledge |
8,933 | 8,933 | 6,861 | ||||
| Total Tithes and Offerings | 35,480 | 12,898 | 48,377 | 46,572 | |||
| GIFTS and LEGACIES | |||||||
| Gifts | 802 | 6,154 | 6,956 | 6,689 | |||
| Legacies | 1,000 | ||||||
| Total Gifts and Legacies | 802 | 6,154 | 6,956 | 7,689 | |||
| 5 | FUND RAISING, GRANTS, DRAWDOWN | ||||||
| Events | 1,631 | 1,631 | 3,656 | ||||
| Sunday Coffee | 47 | 47 | 299 | ||||
| Children Family Youth Grant (note 14e) |
29,047 | 29,047 | 20,791 | ||||
| Mission Coord Grant (note | 14e) | 21,710 | 21,710 | 15,110 | |||
| Equipment Grant |
3,000 | ||||||
| WHBC Commuity Grant |
2,000 | ||||||
| Total Fundraising | and Grants | 52,435 | 52,435 | 42,855 | |||
| PROPERTYINCOME | |||||||
| Hall Hire | 7,796 | 2,070 | 9,866 | 37,605 | |||
| Car Park | 4,768 | 1,131 | 5,899 | 10,839 | |||
| Key and car park deposits | 610 | 610 | 1,185 | ||||
| Funeral and weddings | 75 | 75 | 100 | ||||
| Manse Rental ( note 14f) | 9,600 | 9,600 | 9,600 | ||||
| Total Property income | 22,239 | 3,811 | 26,050 | 59,329 | |||
| OTHER INCOME | |||||||
| Synod, Harpenden, IFG group |
90 | 7,108 | 4,879 | 12,077 | 3,899 | ||
| Refunds | 50 | 50 | 356 | ||||
| JRS HMRC Furlough | 4,009 | 9,630 | 13,639 | ||||
| Flowers (note 14g) | 424 | 424 | 1,331 | ||||
| Total Other income | 4,149 | 7,108 | 14,933 | 26,190 | 5,586 |
| Welwyn Garden City United Reformed |
Welwyn Garden City United Reformed |
Welwyn Garden City United Reformed |
Welwyn Garden City United Reformed |
Church | Church | Page 4 | Page 4 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FINANCIAL STATEMENTS YEAR ENDED 31 | DECEMBER 2020 | |||||||||||
| NOTES - continued | ||||||||||||
| PAYNIENTS | This Year | Last | Year | |||||||||
| Unrestricted | Designated | Restricted | 2020 | 2019 | ||||||||
| Funds R | Funds f | Funds R | Total E | Total F | ||||||||
| 8 | WIDER MINISTRY | |||||||||||
| Donations | 112 | 3,730 | 3,842 | 2,009 | ||||||||
| Ministry and Mission |
33,514 | 300 | 33,814 | 35,926 | ||||||||
| Total Wider ministry costs | 33,626 | 4,030 | 37,656 | 37,934 | ||||||||
| MINISTRY GROUP EXPENSES | ||||||||||||
| Flowers | 437 | 437 | 1,358 | |||||||||
| Licenses | 637 | 637 | 564 | |||||||||
| Miscellaneous | 172 | 220 | 392 | 127 | ||||||||
| Office support | 842 | 100 | 942 | 1,027 | ||||||||
| Printing | 704 | 472 | 1,176 | 1,485 | ||||||||
| Pulpit Supply | 250 | 250 | 970 | |||||||||
| Telephone | 223 | 431 | 654 | 1,114 | ||||||||
| Transport | 131 | 414 | 545 | 1,022 | ||||||||
| Worship support 8 Organists | 1,365 | 763 | 2,129 | 3,336 | ||||||||
| Youth and Mission Work | 357 | 471 | 828 | 1,291 | ||||||||
| Employee salaries, Nl and Pensions |
12,909 | 65,610 | 78,519 | 74,794 | ||||||||
| Events inc Catering | 254 | 128 | 382 | 1,595 | ||||||||
| Total Ministry Group |
expenses | 17,844 | 69,046 | 86,889 | 88,682 | |||||||
| 10 | CHURCH RUNNING COSTS |
|||||||||||
| Cleaning and supplies |
4,244 | 4,244 | 8,588 | |||||||||
| Grounds | 1,590 | 660 | 2,250 | 1,813 | ||||||||
| Insurance | 2,366 | 336 | 2,701 | 3,116 | ||||||||
| Maintenance Church |
700 | 2,910 | 1,609 | 5,219 | 4,294 | |||||||
| Maintenance Manse |
0 | 3,205 | 405 | 3,611 | 4,282 | |||||||
| Manse Utilities /Council Tax |
1,630 | 22 | 1,038 | 2,690 | 2,941 | |||||||
| Church Utilities |
4,447 | 1,122 | 5,569 | 5,274 | ||||||||
| Total Church running costs |
14,977 | 6,137 | 5,171 | 26,285 | 30,309 | |||||||
| 11 | EXCEPTIONAL EXPENSES | |||||||||||
| Build Planning | 548 | 548 | 2,342 | |||||||||
| Equipment Purchase |
408 | 2,876 | 3,283 | 5,330 | ||||||||
| Projects (see Note14h) | 270 | 270 | 7,464 | |||||||||
| Total Exceptional | Expenses | 408 | 0 | 3,693 | 4,101 | 7,464 | ||||||
| $:12 | ASSETS | |||||||||||
| The church monies are not held | in segregated | accounts, | but for the sake of | this financial | statement | the | total | |||||
| ofeach account is allocated | appropriately | over | the various funds. Investment | Assets are | also allocated | across fun | ||||||
| mainly Reserves, the Car Fund | and | Fabric Fund |