– TREASURERS REPORT 2020
As you are aware, this has been a challenging year for everyone following the outbreak of the Covid 19 pandemic with the church and the church hall complex being closed for long periods. The subsequent loss of income has led to a deficit of income against expenditure of £22100 for the year. Despite the loss of income we fulfilled our commitment to the Common Fund.
INCOME
Income for the year was down by £24000 after accounting for the exceptional receipts in 2019 in connection with the Church Weekend Away of £12000 and this is nearly all accounted for by the closures mentioned above. The major factor in the reduction was the loss of Hall rental income of £14,000 (shown in the accounts as receipts of church activities). The other contributory factor was the drop in collections and other giving of £7,000. The situation would have been worse had it not been for those members of the congregation who changed their method of giving either by cheque or direct bank transfer.
EXPENDITURE
The financial statements show a reduction in expenditure of some £43,000. However, after allowing for the exceptional items in 2019 of £24,000 in respect of roof repairs and £12,000 in respect of the Church Weekend Away a more realistic reduction in the expenditure was around £7,000.
THE COMING YEAR
With the continuing uncertainty caused by the Global pandemic it is hard to see an improvement in our finances over the coming year. Currently our monthly expenditure exceeds income by some £2000 per month and it is with reluctance that we have reduced our monthly commitment to the Common Fund by a similar amount and our offer to pay them £4000 per month has been accepted by the Diocese.
Clifford John
Treasurer
ST ANSELM’S CHURCH,BELMONT End of Year Financial Statements
Year ending 31 DECEMBER 2020
Page 1
ST ANSELM’S CHURCH, BELMONT
Financial Statement of Accounts for the Year ending 31 December 2020
Receipts and Payments Account
| General Designated Restricted Total Prior year funds funds funds funds total funds |
|
|---|---|
| Receipts Planned giving Collections and other giving Other voluntary receipts Gift Aid recovered Other receipts Activities for generating funds Investment Income Receipts from church activities Memories Cafe Total receipts Payments Cost of generating funds Missionary and Charitable Giving Parish Share Clergy and Staffing costs Church Running Expenses Hall Running Costs Church Repairs & Maintenance Hall Repairs & Maintenance New Building work Governance Costs Memories Cafe Running Costs of 116 Total payments Surplus for the year Transfers Gross transfers between funds - in Gross transfers between funds - out Excess of receipts over payments before other gains / losses Net movement in funds after transfers Total funds brought forward Total funds carried forward Represented by Unrestricted General fund Designated Breathe Retreat Church Running Costs Discipleship Memories Cafe Mission Action Plan Music Tuition |
46,639 — — 46,639 48,222 1,822 — — 1,822 9,077 6,580 — — 6,580 6,408 12,683 — — 12,683 13,310 — — — — — — — — — — 16,000 9 1 16,011 16,826 18,570 — — 18,570 44,755 — — — — — |
| 102,296 9 1 102,307 138,600 — — — — 12,330 — — — — 448 76,200 — — 76,200 73,966 9,077 — — 9,077 13,108 31,883 — — 31,883 31,458 6,078 — — 6,078 8,884 — — — — 24,823 — — — — 1,100 — — — — — — — — — — — — — — — 1,158 — — 1,158 1,042 |
|
| 124,397 — — 124,397 167,161 |
|
| (22,100) 9 1 (22,089) (28,560) — — — — — — — — — — |
|
| (22,100) 9 1 (22,089) (28,560) |
|
| (22,100) 9 1 (22,089) (28,560) |
|
| 513,869 10,864 5 524,739 553,299 |
|
| 491,768 10,873 7 502,649 524,739 491,768 — — 491,768 513,869 — — — — — — 8,037 — 8,037 8,030 — 0 — 0 0 — — — — — — 824 — 824 824 — 2,011 — 2,011 2,010 |
Restricted Agency collection
Page 2
Ghanian School Project Memories Cafe
— 7 7
—
Balance sheet
| Class and code Description |
This year Last year |
|---|---|
| Fixed assets 6602 116 Uppingham Avenue Total Fixed assets Current assets 6501 Bank current account 6505 Bank deposit account 6506 HSBC Interest Account 6507 Friends of St Anselms 6590 Cash in hand 6595 Petty Cash Total Current assets Liabilities 6601 Loans received 6603 Deposit on 116 Uppingham 6604 Hall Deposits 6699 Agency collections Total Liabilities Net Asset surplus(deficit) Reserves Excess / (deficit) to date Z01 Starting balances Z02 Gains/(losses) on investment assets Total Reserves Represented by funds Unrestricted Designated Restricted Endowment Total |
475,000 475,000 |
| 475,000 475,000 15,531 35,965 — — 12,387 13,376 603 1,196 434 100 50 50 |
|
| 29,007 50,689 — — 850 850 100 100 408 — |
|
| 1,358 950 |
|
| 502,649 524,739 |
|
| (22,089) (6,212) 524,739 530,951 — — |
|
| 502,649 524,739 491,768 513,869 10,873 10,864 7 5 — — |
|
| 502,649 524,739 |
Fund movement by type
| Opening Incoming Outgoing Transfers Gains/losses Closing |
|
|---|---|
| Breathe - Breathe Retreat Designated Sub-total for Breathe Cafe - Memories Cafe Designated Restricted Sub-total for Cafe |
— — — — — — |
| — — — — — — — — — — — — — — — — — — |
|
| — — — — — — |
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| Ghana - Ghanian School Proje Restricted Sub-total for Ghana MAP - Mission Action Plan Designated Sub-total for MAP Music - Music Tuition Designated Sub-total for Music Running - Church Running Costs Designated Sub-total for Running General - General fund Unrestricted Sub-total for General Grand total |
5 1 — — — 7 |
|---|---|
| 5 1 — — — 7 824 0 — — — 824 |
|
| 824 0 — — — 824 2,010 1 — — — 2,011 |
|
| 2,010 1 — — — 2,011 8,030 7 — — — 8,037 |
|
| 8,030 7 — — — 8,037 513,869 102,296 124,397 — — 491,768 |
|
| 513,869 102,296 124,397 — — 491,768 |
|
| 524,739 102,307 124,397 — — 502,649 |
Analysis of receipts and payments
| Total | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Endowment | This year | Last year | |
| INCOME AND ENDOWMENTS | ||||||
| Planned giving | ||||||
| Gift Aid - Bank | 42,909 | — | — | — | 42,909 | 40,614 |
| Gift Aid - Envelopes | 3,730 | — | — | — | 3,730 | 7,322 |
| Other planned giving | — | — | — | — | — | 285 |
| Total | 46,639 | — | — | — | 46,639 | 48,222 |
| Collections and other giving | ||||||
| Loose plate collections | 802 | — | — | — | 802 | 3,935 |
| Regular gift days | — | — | — | — | — | — |
| One-off Gift Aid gifts | 1,020 | — | — | — | 1,020 | 5,142 |
| Total | 1,822 | — | — | — | 1,822 | 9,077 |
| Other voluntary receipts | ||||||
| Giving through church boxes | — | — | — | — | — | 5 |
| Gifts of quoted securities | — | — | — | — | — | — |
| Donations appeals etc | 6,580 | — | — | — | 6,580 | 2,215 |
| Legacies | — | — | — | — | — | — |
| Recurring grants | — | — | — | — | — | — |
| Non-recurring one-off grants | — | — | — | — | — | 4,187 |
| Total | 6,580 | — | — | — | 6,580 | 6,408 |
| Gift Aid recovered | ||||||
| Tax recoverable on Gift Aid | 12,683 | — | — | — | 12,683 | 13,310 |
| Total | 12,683 | — | — | — | 12,683 | 13,310 |
Page 4
| Investment Income Dividends Bank and building society interest Rent from lands or buildings Total Receipts from church activities Fees for weddings and funerals Bookstall sales to promote objectives Church hall lettings -Fund Raising Tots Music Time Church external events/outings Total Memories Cafe Donations Memories Cafe Cafe Grants Total |
— — — — — — — 9 1 — 11 26 16,000 — — — 16,000 16,800 |
|---|---|
| 16,000 9 1 — 16,011 16,826 493 — — — 493 377 — — — — — — 17,956 — — — 17,956 31,826 76 — — — 76 526 45 — — — 45 12,026 |
|
| 18,570 — — — 18,570 44,755 — — — — — — — — — — — — |
|
| — — — — — — |
|
| INCOME TOTAL | 102,296 9 1 — 102,307 138,600 |
| EXPENDITURE Cost of generating funds Fees paid to fund raisers — — — — — — Costs of applying for grants — — — — — — Costs of stewardship campaign — — — — — — Costs of fetes & other events — — — — — — Investment management costs — — — — — — Bookstall costs — — — — — — Church external events/outings — — — — — 12,330 Total — — — — — 12,330 Missionary and Charitable Giving Giving to missionary societies — — — — — — Giving - relief and development agencies — — — — — 448 Home mission — — — — — — Secular charities — — — — — — Total — — — — — 448 Parish Share Common Fund 76,200 — — — 76,200 73,966 Ministry parish share etc — — — — — — Total 76,200 — — — 76,200 73,966 Clergy and Staffing costs Assistant staff costs — — — — — 120 Salary of parish administrator 4,283 — — — 4,283 8,122 Working expenses of incumbent 2,400 — — — 2,400 2,400 Council tax — — — — — — |
— — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — 12,330 |
| — — — — — 448 76,200 — — — 76,200 73,966 — — — — — — |
|
| 76,200 — — — 76,200 73,966 — — — — — 120 4,283 — — — 4,283 8,122 2,400 — — — 2,400 2,400 — — — — — — |
Page 5
| Parsonage house expenses Water rates - vicarage Parsonage - water Vicar's telephone Visiting speakers / locums Total Church Running Expenses Education Parish training and mission Church running - insurance Church office - telephone Organ / piano tuning Music Church maintenance Cleaning Upkeep of services Upkeep of churchyard Refreshments Administration Church running - electric Church running - gas Church running - water Church running - oil Church running - heating and lighting Magazine expenses Tots Music Time Youth church entertainment Garden of Remembrance plaques Ministry (Refreshments) Ecumenical Ministry Bank Charges Donations Total Hall Running Costs Hall running - oil Hall running - electricity Hall running - gas Hall running - insurance Hall running - maintenance Hall running - telephone Hall running - water Hall running - heating and lighting Total Church Repairs & Maintenance Church major repairs - structure Church major repairs - installation Church interior and exterior decorating Total Hall Repairs & Maintenance Hall + major repairs - structure Hall + major repairs - installation Hall + interior and exterior decorating Total |
702 — — — 702 1,030 334 — — — 334 215 38 — — — 38 — 898 — — — 898 791 421 — — — 421 430 |
|---|---|
| 9,077 — — — 9,077 13,108 1,255 — — — 1,255 75 — — — — — — 2,830 — — — 2,830 2,832 432 — — — 432 265 — — — — — — — — — — — — 3,854 — — — 3,854 3,883 4,291 — — — 4,291 3,820 783 — — — 783 1,539 — — — — — 362 90 — — — 90 573 8,672 — — — 8,672 7,096 1,522 — — — 1,522 2,360 1,800 — — — 1,800 3,446 269 — — — 269 181 — — — — — — — — — — — 453 — — — — — — 2,186 — — — 2,186 2,100 — — — — — 21 — — — — — — — — — — — — — — — — — — — — — — — 12 3,892 — — — 3,892 2,433 |
|
| 31,883 — — — 31,883 31,458 — — — — — — 1,522 — — — 1,522 2,360 1,800 — — — 1,800 3,446 2,343 — — — 2,343 2,529 — — — — — 100 — — — — — — 411 — — — 411 448 — — — — — — |
|
| 6,078 — — — 6,078 8,884 — — — — — 24,823 — — — — — — — — — — — — |
|
| — — — — — 24,823 — — — — — 1,100 — — — — — — — — — — — — |
|
| — — — — — 1,100 |
Page 6
| Running Costs of 116 Other PCC property upkeep Total |
1,158 — — — 1,158 1,042 |
|---|---|
| 1,158 — — — 1,158 1,042 |
|
| EXPENDITURE TOTAL | 124,397 — — — 124,397 167,161 |
| GRAND TOTAL | (22,100) 9 1 — (22,089) (28,560) |
Notes 1-5
1. Electricity split 50/50 between Church and Church Hall
2. Gas split 50/50 between Church and Church Hall
3. Water Rates split 50/50 between Church and Church Hall
4. Buildings and Contents Insurance split 50/50 between Church and Church Hall
5. In some cases, figures have been rounded by the Accounting System (pence not shown
This report dated 19[th] January 2021
CLIFFORD JOHN TREASURER
These Accounts were approved by the trustees on
Page 7
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