St Mary’s Church Westonzoyland TREASURER’S REPORT for the year ended 31 December 2021
The year- end position of the finances, as shown in the accounts, was a net decrease in balances of £1,082 compared to the start of the year. 2021 began with all forms of gathering prevented by Covid restrictions and the year ended with Covid concerns affecting Christmas once again. In regard to this presentation of Receipts less Payments for the year users of these accounts must bear in mind the following;
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Stock of heating oil. The fact that the church was closed during the winter months at the start of the year meant that no heating oil was purchased in 2021. The PCC had taken the opportunity of the historically low oil price at the start of the pandemic to completely fill the tank.
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The PCC has insured the Church Hall at a cost of £1,542 out of the restricted fund having received the funds of £1,839 closing balance of that account in 2020. In addition the PCC has paid architects fees of £662. Ongoing expenditure should be regarded as a loan against future disposal proceeds but the cash flow affects our ability to fund other outgoings.
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The Parish Share payments falling in the year included arrears of £4,422.80.
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The Parish Share for 2021 was set at £15,151. Of this, £7,151 remained unpaid at 31 December 2021 but has now been paid.
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The DBF loan balance stands at £7,000. The payment shown in the accounts was a late payment in relation to 2020. Our scheduled repayment of a further £3,000, due in November 2021, was not made. Our total indebtedness to the Diocese remained at approximately £14,000.
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Since the year end we have received £125 from the Glastonbury Male Voice Choir in respect of the concert on 17 December 2021. This will be accounted for in the current year which is also likely to be financially very challenging.
With the closure due to Covid through the year certain running costs have reduced – heating and lighting and music licences, which have now been reinstated.
The total receipts from collections, at services and by standing order, has increased by £2,000. The continued support by weekly offerings and regular donations, is most gratefully received. Income tax is recoverable on the majority of cash donations and collections under the Gift Aid Small Donations Scheme. We recovered the VAT on qualifying work on the tower.
The tower lighting works undertaken at the end of 2021 cost £1,261, met partly by a contribution from the bell ringers of £520. Repairs in the tower and to the pinnacles cost over £800 including professional fees. The bell ringers secured a grant towards refurbishment of the clappers on the 4[th] and 5[th] bells of £250. The PCC has paid for architect’s work to date in planning repairs to the Chancel door.
The effect of the pandemic on Fund Raising activities in the past two years is clearly shown in the accounts – an absence of fetes and bazaars – but a welcome return of regular coffee mornings and the afternoon cafes. Community support for these in the immediate post-Covid period brings vital funds that have paid the insurance of the church to date and may, God willing, allow further work on the building as soon as possible. The church as a music venue and community space can now resume. Westonzoyland PCC is solvent and financially well placed as we prayerfully consider our future in interregnum.
There were no unplanned expenses or other liabilities at the year end.
Carole Edmunds April 2022
ST MARY'S CHURCH WESTONZOYLAND
RECEIPTS FOR THE YEAR ENDED 31st December 2021
| Collection etc Free Will offerings Open collections Standing orders Memorial donations Penny boxes Other income Funeral fees Wedding fees Income tax refund Other general income (note 1) LPOW VAT refund Activities for raising funds Friends of Westonzoyland Church Church Draw proceeds Summer Fete Christmas Bazaar Wall safe donations Go Forth and Multiply Draw prizes returned Glastonbury MV Choir concert Heating donations and chair hire Visiting parties Book sales Coffee mornings and café Zoyfest donation Christingle Tower Open days Donations by card reader Grants etc Church Hall balance of account Parish Council Zoyland Heritage contribution Bell ringers' donations Loans DBF bridging loan DBF loan Interest TOTAL Receipts TOTAL Payments Deficit/Surpus Memorandum: Debtors G'bury MV choir concert contribution |
General £ 5,279.01 529.20 8,224.00 100.00 153.65 14,285.86 199.00 1,955.00 2,893.05 440.51 240.04 5,727.60 1,900.00 1,231.00 50.75 3,181.75 600.00 770.00 1,370.00 |
Restricted £ 0.00 0.00 - 188.00 326.57 - 85.00 - - - 34.62 1,162.44 144.41 2.00 - 1,943.04 - 0.00 £125 |
2021 2020 £ £ 5,279.01 4,700 529.20 479 8,224.00 6,859 100.00 21 153.65 201 |
|---|---|---|---|
| 14,285.86 12,260 |
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| 199.00 2,139 1955.00 730 2893.05 3,436 440.51 75 240.04 225 |
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| 5,727.60 6,605 |
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| 1,900.00 - 1,231.00 - - - 188.00 - 326.57 221 - - 85.00 - - - - 121 - 45 34.62 - 1,162.44 525 144.41 - 2.00 - - - 50.75 - |
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| 5,124.79 912 |
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| - 1,839 - - 600.00 - 770.00 - - - - - - - |
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| 1,370.00 1,839 |
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| 26,508.25 21,616 27,590.45 22,510 |
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| -1,082.20 -894 |
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| . |
ST MARY'S CHURCH WESTONZOYLAND
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
| Note 1 Other general income Personal donations Ringers Visitor donations EDF refund Whist Drives donation 2 Miscellaneous expenses Organist fees Ringers fees 3 Admin and sanctuary Deanery subscription FWO envelopes CCLI fees Wine and candles Somerset churches subscription National churches subscription Ringers subscription Youth magazine Mulled wine Other stationery, cutlery etc |
£ | 2021 £ - - 440.51 - |
2020 - - - 75 |
|---|---|---|---|
| 440.51 | 75 | ||
| 65.00 240.00 |
65 120 |
||
| 305.00 | 185 | ||
| - 57.89 128.00 75.82 30.00 30.00 20.00 20.00 - 97.00 |
76 68 123 17 30 30 20 20 - 126 |
||
| 458.71 | 510 |
ST MARY'S CHURCH WESTONZOYLAND
EXPENSES AND BALANCES FOR THE YEAR ENDED 31st DECEMBER 2021
| Church Activities Parish Share DBF Parochial fees Electricity Heating oil Vicar's expenses Other clergy duty fees Miscellaneous (note 2) Craft expenses Admin and sanctuary (note 3) Repairs and maintenance Land Reg/Architect fees Loan repayment Fire protection and alarms Insurance Children's Society donations Loan interest Church hall expenses Organ tuning etc |
General £ 12,422.80 1,085.00 1,501.00 - 258.38 - 305.00 - 458.71 2,323.04 614.84 401.90 200.00 661.68 642.00 20,874.35 |
Restricted £ 3,000.00 2,120.74 53.21 1,542.15 6,716.10 |
2021 2020 £ £ 12,422.80 13,572 1,085.00 1,124 1,501.00 1,703 - 789 258.38 939 - 75 305.00 185 - 19 458.71 510 2,323.04 620 614.84 - 3,000.00 - 401.90 498 2,120.74 2,171 200.00 200 53.21 105 2,203.83 - 642.00 - |
2020 |
|---|---|---|---|---|
| 27,590.45 22,510 |
Reconciliation of Movement of Funds
| Monetary assets b/f Net receipts Monetary assets c/f Balances as at 1st January 2022 Lloyds General account Roof account Memorandum: Liabilities Loan from Bath & Wells DBF 2021 Parish share 2020 Parish share |
11,631.88 3,690.86 15,322.74 |
-1,048.56 -4,773.06 |
£ 8,157.39 1,343.73 |
10,583.32 11,477.69 -1,082.20 -894.37 |
|---|---|---|---|---|
| -5,821.62 | 9,501.12 10,583.32 |
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| £ £ 7,000.00 10,000.00 7,151.00 4,422.80 |
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| 9,501.12 | ||||
Independent Examinerfs Ret to the Trust&s of St Marfs Chur Westonzoyland. Parothial Church cn(lI I report on the accounts tr the year ended 31 December 2021 vthich are set out on the accompanying pages. The church s trustees are re5wnsble for the preparation of the accounts. The church's trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Att)) and that an independent examination is needed. It is my responsibility to:_ examine the accounts (under sectton 145 of the 2011 Att); to follow any procedures laid down in the General Directions given by the Charity Commissioners (under section 145 (5) (b) of the Att), and to stste whether particular matters have come to my attention. Basis of Indep* examinerfs rePt My examination was carried out in accdan with <kneral Directions giv by the Charity Commission. An examination indude5 a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also indude5 consideration of any unusual iterns or disdosures in the accounts, and seeking explanations from you as trustees conmIng any suth matters. The Pr(edureS undertaken do not provide all the eviden that vlould be required in an audi¢ and consequentiy no opinion is given a5 to whether the accounts present a and fairf view and the ret is limited to those matters set out in the statement below. Independent examinerfs slatement In the course of my examination, no matter ha5 come to my attention:. l. thlth glves me reasonable cause to believe that in any material rwe¢ the requirements:. to keep accountÈng records in accordan with section 130 of the 2011 Att. and to prepare accounts which accord with the accounting records and comply wlth the accounting requirements of the 2011 Act; have not been met. or 2. to which, in my opinion, attenti should be dra in order to enable a PfDper understanding of the accounts to be readd. Steve White Steve White A5KKiate5 Ltd Myrtle House, Brcrf)k Stree¢ North Nevrton. Bridgwatsr. TA7 OBN 6 May 2022