**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** 


Page 3 of 7 



ALlsAI￿sC0￿ENHAmwrrH RAMPTON
Charity Commission Registration NumLEr 1177858
NOTES TOTHE ANNUAL FINANOAL STATEMENrs
YEAR ENDING DECEMBER 2023
Thefinanckl ststements of the Frc have been ￿￿pa￿d in accordan￿ with the Church
counting Regulatlons 2006 usinEthe Re￿IptS 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 anal￿15 d Recei￿5 awxl Pa￿llts
UNPESTRI￿ED RESTRI￿ED
FU￿5
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 foTEene￿tIng fwds
Bookstall and card sales
Catering & Coffee
Printing & stst10r￿ry
49.50
49.9)
7.72
630.00
21.59
49.50
49.50
659.31
Inveslment In￿rne
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
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ALLSAINTS IT)ThENHAM WffH RAMPTON
Charity Commission ReElStration Num&tr 1177838
NOTESTOTHEANNUALFINANaAL STATEMENTS
YEAR ENDING DECEMBER 2023
FUNDS
FUND5
2023
2022
Pa)Thents
chuych ex￿se$
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
w￿e￿afers/cJ￿dIes
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
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ALL SAINTS corrENHAM WITH RAMPTON
Charity Commission Registration Number 1177838
STATEMENT OF ASSETS AND LIABILITIES
YEAR ENDING DECEMBER 2023
iJNRESTRICTED RESTRI￿ED
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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