ALL SAINTS’ COTTENHAM with RAMPTON - ANNUAL VESTRY MEETING Sunday 28[th] April 2024
Sarah Rossouw
5. Treasurer’s Report 2023
General Fund
Receipts - £88 208.95
Receipts to the General Fund were around £13k or 13% lower than last year. Generally, our receipts of planned giving and collections were up on the previous years, however other donations were down by half and we didn’t receive any grants during the year. Fees were down slightly on last year as was rent for the use of the hall and church. Two income amounts that were received after the year end should be noted. Both are contributions from the church charities that help to cover maintenance. One is for £5,000 which covers the final repayment of the loan to the Cambridge Historic Churches Trust for the church tower and the other is approximately £10,000 which will offset general maintenance of the church.
Payments - £112,491,34
Again we managed to contain our costs, which were close to £9,000 lower than last year. The major repairs to the church figure includes payments amounting to £3.700 exploring the feasibility of the servery and toilets in the back of the church and the final loan repayment of £5,000 to the Cambridge Historic Churches Trust (for the repairs to the church tower). The ministry share of £70,666 was paid in full.
Staff Costs
The church has continued to employ the services of a Parish Administrator whose contribution is invaluable to the running of the parish. He has also taken on the role of managing the hall for which he receives a small honorarium over and above his administrator salary. The PCC also continues to employ a cleaner for the hall. Aside from clergy expenses, church members have been reimbursed for legitimate receipted expenses.
Hall Fund
The hall generated £9,261.06 in 2023, which is less than 2022. We are feeling the additional competition in the church with the new village hall and community center.
Organ Fund – restricted - £46,416.05
This was a specific donation, invested in the CBF Fund until 2019 and since then in the COIF Fund. The Fund earned £1,379.99 in interest in 2023. The market value of the investment at 31.12.2023 was £57,260.11.
BALANCE SHEET
Most of this investment represents the money that was realized on the sale of the house left to us by Marian Bicheno. It now also includes the organ fund. The total dividend in 2023 was £9,400. The market value of the investment on 31.12.23 was £322,783. We withdrew £25,000 out of the fund during the year to help cover costs.
Cash at bank
The total cash at bank on 31.12.2023 was £33,441. Of this, a donation of £1000 is ring fenced towards the costs of the proposed reordering at the West end of the church.
Liabilities
We owe £4,444 in assigned fees to the diocese. The other liabilities are owed to vergers, bell ringers and the organist, all of which have been paid after year end.
IN SUMMARY
I feel very fortunate to be a part of the All Saints family. It feels like a safe and nurturing place to belong. I am also very fortunate to have been given the opportunity to serve as treasurer to the PCC for the last two years, even though I have chosen, for personal reasons, not to continue in this role.
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One of the joys has been watching the church family grow and develop. With that development though comes additional demands on our resources and the need for new facilities. Again, 2023 ended with a deficit: we spent more money than we received and we had to draw £25 000 from our investment to meet our commitments.
Lynda sent out a letter in February about the church finances. Please read it again. Our parish giving base is around 50 people who give on average approximately £85 a month. Some give more, some less. But every penny is received with gratitude and is spent with love. With prayer and mindful contemplation, let’s make 2024 a year where we break even.
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Appendix 5 & 6
End of Year Accounts All Saints’ Cottenham
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ALlsAIsC0ENHAmwrrH RAMPTON Charity Commission Registration NumLEr 1177858 NOTES TOTHE ANNUAL FINANOAL STATEMENrs YEAR ENDING DECEMBER 2023 Thefinanckl ststements of the Frc have been pad in accordan with the Church counting Regulatlons 2006 usinEthe ReIptS and Payments basls Fixed assets retained for thurch use 15 the church hall. at C05t. The remainer of the proceeds of the sale of Marian Bicheno's house. together with the orEan fund. a restricted fuTh4 which represents a donation, are invested in the COIF fund. The market value of our investment at 31.12.2023 is E32Z,783.29 FurtheT anal15 d Recei5 awxl Pallts UNPESTRIED RESTRIED FU5 FUND5 TOTAL 2023 TOTPL 2022 Re(eipts al Other givingl¥oluntsry receipts Donations Cme off grants LeEèC¥ 4.266.67 4.266.67 .286.94 .732.00 IIK).00 4.266.67 4.266.67 17,118.94 bl AdrvitTre5 foTEenetIng fwds Bookstall and card sales Catering & Coffee Printing & stst10rry 49.50 49.9) 7.72 630.00 21.59 49.50 49.50 659.31 Inveslment Inrne Interest Irom COIF Investment 020.S4 1 379.99 9 400.53 dl Church Adr4btie5 Fees for weddin8s & funerals Rent for use of hall Rent A)r use of thurch 5.674.00 9.261.06 2,672.70 17 607.76 5.674.ClJ 9.261.C6 2.672.70 6,992.00 12.034.25 2,129.00 21155.25 Page4of7
ALLSAINTS IT)ThENHAM WffH RAMPTON Charity Commission ReElStration Num&tr 1177838 NOTESTOTHEANNUALFINANaAL STATEMENTS YEAR ENDING DECEMBER 2023 FUNDS FUND5 2023 2022 Pa)Thents chuych exse$ Boilers & radiators Catering Gas and electric Insurance Messy church Music Organ / piano tunin£ & repair PrintinE & stationerycosts Security aLirm5 Sundrie5 Telephor. internet and email Upkeep of churckyard Woter & sewage weafers/cJdIes 1.417.99 9)0.94 1.417.93 0.94 696.18 2,568.35 5,946.11 217.31 2. 568.35 5.946.11 217.31 5.034.26 6.030.39 843.28 843.28 906.75 .00 188.06 992 40 429 27 1.356.00 1.061.61 1,102.66 429 27 1.356.OJ l.C61.61 1.102.66 1.397.01 1,075.58 409.32 409.32 402.55 109.50 109.50 15 962.34 15 962.34 16 783.18 Hall ruffling e¥pen5es Boiler5 & diatOrS Gas ele£tricity Housekeepin£ 312.00 1,549.24 2,040.91 3,5.15 1,549.24 2,040.91 3,590.15 1.915.37 2,422.80 4.6 17 Page5of7
ALL SAINTS corrENHAM WITH RAMPTON Charity Commission Registration Number 1177838 STATEMENT OF ASSETS AND LIABILITIES YEAR ENDING DECEMBER 2023 iJNRESTRICTED RESTRIED FUNDS FUN[ TOTAL YTD 2023 TOTAL VTD 3)22 Ilotes CASH FUNDS currert account Lloyds PCC Hal Account Recydering account C65h on Hand 4.911.96 25.828.72 2.625.47 35.62 4.911.96 25.828.72 2.625.47 35.62 20,977.01 8,192.42 3.187.61 35.62 39. 35 33 441.12 39.35 33 441.12 20.39 32 413.05 INVESTMENT ASSETS IrNestment fund share5 at cost 191.970.(KI 33,030.00 225.0(K). 250.IK)O.00 Assets retained for church use 120 00). 120 00). 120 IJ)O.00 LIABIUTIES Assigned fees other 4.444.iXI 3.102.42 7 546.42 4.444.¢XI 3.102.42 7 546.42 5.046.00 2,198.90 7 244.90 Page6of7
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