Heathrow Multi-Faith Chaplaincy Association Treasurer’s Report Year End Ending 31[st] December 2021
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The year in summary
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a. The highlight of the year was agreement with HAL to employ a full-time head of Chaplaincy who will be responsible for the Multi-Faith Chaplaincy and the Chapel. This work will commence in the first quarter and look for completion in the second quarter 2022.
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b. The Income for 2021 was £67,900 (see Appendix A Income and Expenditure 2021)
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c. Expenditure for 2021 was £29,974 (see Appendix A Income and Expenditure 2021)
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d. There was no capital expenditure during the year.
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e. A new budget for 2022 was proposed and is attached. (see Appendix B – Chaplaincy Budget 2022)
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f. It should be noted that agreement to each expense item has not (as of the date of reporting) been finalised.
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g. The charity received a donation from HAL of £72,900.
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Starting in 2022 the Chaplaincy will be developing its own revenue streams and expenses management. At this point, the only promise of financial support is from HAL. It is important that the charity looks for other sources of income.
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A service agreement for the provision of an interim head of chaplaincy has been reached by the Charity and a chaplain for 2022. The Agreement can be terminated with 1 months’ notice by either party.
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Year End a. Current account balance £4,427
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b. Capital Account balance £50,549
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Accounting Policy
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a. The Accounting policy is based on the payments and receipts method of accounting. Most small charities
(those below a turnover of £250,000 per year) use this method.
- b. It is agreed that an External Examiner is appropriate for the charity accounts of 2021.
APPENDIX A – Income and Expenditure Year Ending 31st December 2021
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Heading Budge Credit Debit
t 2021 £ £
Opening 17,050
Balance
Income
Donations 67,900 67,900
Total 67,900 67,900
Expenditure
Consultancy 60,000 27,800
Donations zero 1000
(Afghan)
Training 3000 1063
Bank Fees 500 111
Total 29,974
Closing Balance 54,976
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APPENDIX B - Chaplaincy Budget 2022
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