ST ANSELM’S CHURCH, BELMONT
End of Year Financial Statements
Year ending 31 DECEMBER 2023
Page 1
ST ANSELM’S CHURCH BELMONT
Financial Statement of Accounts for the Year Ending 31 December 2023
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 |
32,177 — — 32,177 37,848 3,188 — — 3,188 5,956 5,804 — — 5,804 7,960 9,110 — — 9,110 10,955 — — — — — — — — — 1,400 15,408 161 92 15,662 15,432 16,305 — — 16,305 17,119 — — — — — |
| 81,993 161 92 82,247 96,672 290 — — 290 828 — — — — 63 53,000 — — 53,000 54,000 4,725 — — 4,725 5,311 28,517 — — 28,517 24,926 13,396 — — 13,396 6,353 — — — — — 500 — — 500 57 — — — — — — — — — — — — — — — 1,038 — — 1,038 2,291 |
|
| 101,469 — — 101,469 93,832 |
|
| (19,475) 161 92 (19,221) 2,839 — — — — — — — — — — |
|
| (19,475) 161 92 (19,221) 2,839 |
|
| (19,475) 161 92 (19,221) 2,839 |
|
| 505,475 10,895 18 516,389 513,549 |
|
| 485,999 11,057 110 497,167 516,389 485,999 — — 485,999 505,475 — — — — — — 8,167 — 8,167 8,053 — 0 — 0 0 — — — — — — 831 — 831 825 — 2,057 — 2,057 2,016 |
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| Restricted | |||||
|---|---|---|---|---|---|
| Agency collection | — | — | — | — | — |
| Ghanian School Project | — | — | 39 | 39 | 10 |
| Memories Cafe | — | — | — | — | — |
| Organ Fund | — | — | 70 | 70 | 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 Other gains/(losses) Total Reserves Represented by funds Unrestricted Designated Restricted Endowment Total |
475,000 475,000 |
| 475,000 475,000 3,998 24,258 — — 17,203 16,941 1,677 415 187 955 50 50 |
|
| 23,117 42,622 — — 850 850 100 100 — 283 |
|
| 950 1,233 |
|
| 497,167 516,389 |
|
| (19,221) 2,839 516,389 513,549 — — |
|
| 497,167 516,389 485,999 505,475 11,057 10,895 110 18 — — |
|
| 497,167 516,389 |
Fund movement by type
| Opening Incoming Outgoing Transfers Gains/losses JournalsClosing | |
|---|---|
| Disciple - Discipleship Designated Sub-total for Disciple Ghana - Ghanian School Proje Restricted Sub-total for Ghana MAP - Mission Action Plan Designated Sub-total for MAP |
0 — — — — — 0 |
| 0 — — — — — 0 10 28 — — — — 39 |
|
| 10 28 — — — — 39 825 6 — — — — 831 |
|
| 825 6 — — — — 831 |
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| Music - Music Tuition Designated Sub-total for Music Organ - Organ Fund Restricted Sub-total for Organ Running - Church Running Costs Designated Sub-total for Running General - General fund Unrestricted Sub-total for General Grand total |
2,016 41 — — — — 2,057 |
|---|---|
| 2,016 41 — — — — 2,057 7 63 — — — — 70 |
|
| 7 63 — — — — 70 8,053 114 — — — — 8,167 |
|
| 8,053 114 — — — — 8,167 505,475 81,993 101,469 — — — 485,999 |
|
| 505,475 81,993 101,469 — — — 485,999 |
|
| 516,389 82,247 101,469 — — — 497,167 |
Analysis of receipts and payments
| Total | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Endowment | This year | Last year | |
| INCOME AND ENDOWMENTS | ||||||
| Planned giving | ||||||
| Gift Aid - Bank | 32,022 | — | — | — | 32,022 | 37,758 |
| Gift Aid - Envelopes | 155 | — | — | — | 155 | 80 |
| Other planned giving | — | — | — | — | — | 10 |
| Total | 32,177 | — | — | — | 32,177 | 37,848 |
| Collections and other giving | ||||||
| Loose plate collections | 388 | — | — | — | 388 | 12 |
| Regular gift days | — | — | — | — | — | — |
| One-off Gift Aid gifts | 2,800 | — | — | — | 2,800 | 5,944 |
| Total | 3,188 | — | — | — | 3,188 | 5,956 |
| Other voluntary receipts | ||||||
| Giving through church boxes | — | — | — | — | — | 22 |
| Gifts of quoted securities | — | — | — | — | — | — |
| Donations appeals etc | 5,804 | — | — | — | 5,804 | 5,296 |
| Legacies | — | — | — | — | — | — |
| Recurring grants | — | — | — | — | — | — |
| Non-recurring one-off grants | — | — | — | — | — | 2,641 |
| Total | 5,804 | — | — | — | 5,804 | 7,960 |
| Gift Aid recovered | ||||||
| Tax recoverable on Gift Aid | 9,110 | — | — | — | 9,110 | 10,955 |
| Total | 9,110 | — | — | — | 9,110 | 10,955 |
| Total | — | — | — | — | — | — |
| Activities for generating funds | ||||||
| Rummage sales etc | — | — | — | — | — | — |
| Bookstall sales - fund raising | — | — | — | — | — | — |
| Church hall lettings - Objectives | — | — | — | — | — | 1,400 |
| Magazine income - advertising | — | — | — | — | — | — |
| Parish magazine sales | — | — | — | — | — | — |
| Total | — | — | — | — | — | 1,400 |
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| 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 |
— — — — — — 8 161 92 — 262 32 15,400 — — — 15,400 15,400 |
|---|---|
| 15,408 161 92 — 15,662 15,432 124 — — — 124 813 — — — — — — 15,770 — — — 15,770 15,770 411 — — — 411 231 — — — — — 305 |
|
| 16,305 — — — 16,305 17,119 — — — — — — — — — — — — |
|
| — — — — — — |
|
| INCOME TOTAL | 81,993 161 92 — 82,247 96,672 |
| EXPENDITURE | ||||||
|---|---|---|---|---|---|---|
| Cost of generating funds | ||||||
| Fees paid to fund raisers | — | — | — | — | — | — |
| Costs of applying for grants | — | — | — | — | — | — |
| Costs of stewardship campaign | — | — | — | — | — | — |
| Costs of fetes & other events | — | — | — | — | — | 168 |
| Investment management costs | — | — | — | — | — | — |
| Bookstall costs | — | — | — | — | — | — |
| Church external events/outings | 290 | — | — | — | 290 | 660 |
| Total | 290 | — | — | — | 290 | 828 |
| Missionary and Charitable Giving | ||||||
| Giving to missionary societies | — | — | — | — | — | — |
| Giving - relief and development | — | — | — | — | — | — |
| agencies | ||||||
| Home mission | — | — | — | — | — | — |
| Secular charities | — | — | — | — | — | 63 |
| Total | — | — | — | — | — | 63 |
| Parish Share | ||||||
| Common Fund | 53,000 | — | — | — | 53,000 | 54,000 |
| Ministry parish share etc | — | — | — | — | — | — |
| Total | 53,000 | — | — | — | 53,000 | 54,000 |
| Clergy and Staffing costs | ||||||
| Assistant staff costs | 80 | — | — | — | 80 | 80 |
| Salary of parish administrator | — | — | — | — | — | — |
| Working expenses of incumbent | 2,400 | — | — | — | 2,400 | 2,400 |
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| Council tax 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 |
— — — — — — 800 — — — 800 1,428 480 — — — 480 365 — — — — — 37 965 — — — 965 1,001 — — — — — — |
|---|---|
| 4,725 — — — 4,725 5,311 48 — — — 48 129 — — — — — — 2,631 — — — 2,631 3,019 — — — — — 167 — — — — — — — — — — — — 1,043 — — — 1,043 2,389 4,259 — — — 4,259 3,994 513 — — — 513 1,864 — — — — — — 376 — — — 376 769 5,800 — — — 5,800 4,635 2,930 — — — 2,930 613 6,287 — — — 6,287 2,015 218 — — — 218 200 — — — — — — — — — — — — — — — — — — 2,291 — — — 2,291 2,409 — — — — — — — — — — — — — — — — — — — — — — — — 138 — — — 138 146 1,978 — — — 1,978 2,571 |
|
| 28,517 — — — 28,517 24,926 — — — — — — 3,266 — — — 3,266 1,035 6,287 — — — 6,287 2,015 3,023 — — — 3,023 2,678 600 — — — 600 423 — — — — — — 218 — — — 218 200 — — — — — — |
|
| 13,396 — — — 13,396 6,353 — — — — — — — — — — — — — — — — — — |
|
| — — — — — — — — — — — 57 — — — — — — 500 — — — 500 — |
|
| 500 — — — 500 57 |
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Running Costs of 116
| Running Costs of 116 | |
|---|---|
| Other PCC property upkeep Total |
1,038 — — — 1,038 2,291 |
| 1,038 — — — 1,038 2,291 |
|
| EXPENDITURE TOTAL | 101,469 — — — 101,469 93,832 |
| GRAND TOTAL | (19,475) 161 92 — (19,221) 2,839 |
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 2024
CLIFFORD JOHN TREASURER
These accounts were approved by the trustees on
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TREASURERS REPORT 2023
2023 was a very difficult year for us financially with falling income and increasing costs. This has led to a deficit of income against expenditure of £19221 and meant we were unable to fulfil our commitment to the Common Fund. This is the amount payable to the Diocese to meet our incumbent’s salary and pension, housing and training needs. There was a shortfall of £7000 in this respect (we were only able to pay £53000 instead of the pledged amount of £60000).
INCOME
Our income was down by £14425 a fall of 15%, This was almost wholly attributable to a reduction in giving by members of the congregation and the subsequent decrease in Gift Aid tax recovered, which is quite understandable in the current financial climate.
EXPENDITURE
The removal of the cap in gas and electricity prices in costs led to increased expenditure in heating and lighting of £12435 an increase of nearly three times our 2022 figure. Our other costs were well contained, and we recorded an overall increase in expenditure of only £7637.
THE COMING YEAR
We were fortunate that there were no items of exceptional expenditure in 2023. However, this will not be the case in 2024 as we need to effect repairs to the hall complex roofing to prevent further flooding in this area. The boiler at 116 Uppingham Avenue will also need replacing soon. We have also reduced our commitment to the Common fund to £54000 (£4500 per month) and this has been accepted by the diocese.