## **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| _Page 2_ |**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**| _Page 3_ |**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| _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|—
—
—
—
—
—
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| _Page 5_ |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| _Page 6_ ## **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** _Page 7_ ## **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. ## **Clifford John** ## **Treasurer** ## ## ## ##