## **APCMC Beaulieu Abbey Church 21st May 21** Treasurer’s Report for year ended 31[st] December 2020 The accounts for the year show a reasonable surplus despite our loss of several income streams from the end of March. Because of this loss of income our donors have been very generous and responded well to the Churchwarden’s request for support which totalled over £20,000 including GiftAid. However we do not feel we can repeat any further requests for a year. We underpaid our contribution to the Common Mission Fund (parish share) by £7,000 which we hope to clear in the future when our income recovers sufficiently. The year started with the completion of the Gallery Balustrade and the new rail at the East door steps, projects funded by grants and donations via the Preservation Fund, including a further grant from the Weston Foundation. The new store, built of New Forest Oak, was funded from a donation made in 2019 to the Preservation Fund plus £1600 received in 2020. During work to remove vegetation from the Church walls, damage to the roof was discovered and repaired. The cost of these works was £13,140 which is charged to the Preservation Fund. Uncertain times continue in 2021. We do not know when the Church activities will be back to normal, but with careful management of our reduced resources we expect to stay solvent. We have agreed a further underpayment to the Common Mission Fund of £1,600 per month to be reviewed after the Church is open and our income recovers My thanks to all the members of the Finance Committee and Gloria Knight for their support Andrew Percy Treasurer Beaulieu PCC Page 1 GENERAL FUND INCOME FOR THE YEAR ENDED 31 DECEMBER 2020 Year 2019 INCOME Incoming Resources from Donors Planned Giving Gift Aided Donations Income Tax Recovery Year 2020 40,658 14,145 38,902 20,156 54,803 Collections 59,058 444 8,805 Services for General Use Designated Isee fool of page 21 1,847 2,782 9,249 Donations 4,629 5.775 1,239 17,887 22,713 5,000 2,750 4,663 648 190 For Ordinary Purposes Concerts el¢ Grants for gallery &hand rails Specified purposes-Gifl aided Grant re Director of Music Music at Beaulieu Church Boxes Sunday Coffee Votive candles 18,969 5,000 1,869 3,750 5,000 1,337 93 41 60,865 36,059 Other Voluntary Resources Beaulieu Fete Other Receipts (Beaulieu Band, Ride&slridell Gala 6,800 1,000 7,890 701 15,690 701 Income from Investments Interest Dividends on Chancel & Churchyard Shares Dividends on Preservation Fund 207 1,402 4,787 121 1,444 5,080 6,396 6,645 Incorne from Trading Bookstalls Hire of Church Room Fees for Weddings and Funerals 4,995 4,692 6,393 1,561 1,556 1.808 16,080 4,925 Contributlons to Benefice Expenses Sl Kalharine's, Exbury Sl Paul's, East Boldre Bucklers Hard Chapel 1,942 2,390 6,200 1,834 2.255 460 10,532 4,549 173,615 GROSS INCOME 116,566 138,838 GROSS EXPENDITURE IPage 21 23,399 Charged to Preservation Fund -45,387 Grantsldonations Preservation Fund 599 Charged to Organ Fund 149,235 54,821 -10,350 356 13,388 SURPLUSIDEFICIT FOR YEAR ON GENERAL FUND 12,158 BEAULIEU PCC Page 2 GENERAL FUND EXPENDITURE YEAR ENDED 31 DECEMBER 2020 YEAR 2019 EXPENDITURE YEAR 2020 Grants to Charities See fool of this page and Appendix A for details 8,805 3,782 8,805 3,782 Expenses related to the work of the church Parish Share Postage, telephone and slalionery Printing and publicity 61,730 2.661 1,522 55,304 1,616 1,594 65.913 58,514 867 7,515 470 Transport Secretary's salary and relief Visiting Clergy 1,126 8,059 8,852 9,185 4,098 2,685 Healing and Lighting Cleaning 3,108 2,395 6,783 5,503 3.167 4.151 7,128 Insurance Repairs and Maintenance Repairs charged to Preservation fund Store Gallery balustrade East door rail Organ service Books and Magazines 3,133 3,069 13,140 30,132 10,748 1,000 356 1,788 10,334 5,936 599 6,375 37,690 63,366 2,129 7,805 861 Adminislralion and other expenses Musical Director and Organist Training expenses for Lay Minister 2,639 6,246 10,795 8,885 138,838 GROSS EXPENDITURE 149.235 Remittances to Charities Designated Collections al services Collections al special services Designated Collections al services BHC £3,744.47 £4,489.54 £ 571.25 £2.193.50 £1,589.25 £8.805.26 See Appendix A for list £3.782.75 Beauligu PCC Page 3 Balance Sheet as at 31st December 2020 3111212019 3111212020 Bank Accounts 20866 CCLA Oeposil 65820 CAF Deposit 2921 CAF Current 20955 27830 1610 89,607 50,395 Investments at bid price 31 December 2020 Beaulieu PCC registered 8753 Income Shares in CIE Investment Fund Diocese registered 1.972 Income Shares in CIE Invmt Fd (Chancell 544 Income Shares in CIE Invml Fd (Churchyard) 167,418 9015 184,338 37,776 10,404 1972 544 40,320 11,123 215,598 235,781 1.009 Debtors 1,880 306,214 Total Assets at book value 288,056 -11,730 Creditors -11,038 £294,484 Not Assets £277,018 Represented by 16,628 General Fund 27,769 Fund for Organ Maintenance 194,108 Preservation Fund 7,799 War Memorial Fund 37,776 Chancel Fund 10,404 Churchyard Fund (see page 4 for changes) 28,786 27,413 161,577 7,799 40,320 11,123 £294,484 £277,018 Signed on behalf of Beaulieu PCC Chairman BEAULIEU PCC Page 5 BUCKLERS HARD CHAPEL INCOME AND EXPENDITURE FOR THEYEAR ENDED 31 DECEMBER 2020 YEAR 2019 INCOME YEAR 2020 Incoming Resources from Donor8 Planned Giving." girt aided don81ion8 Collections lor general use Church Boxes Incorne tax recovered 3,547 1,014 2.551 577 481 266 7,998 1.327 EXPENDITURE 6,200 152 680 348 Contribution to Benefice Expenses Healing and Lighting Cleaning Insuran Bank Charge Donations" from specifi¢ collections 136 330 356 45 571 7.931 1,327 67 Surplu$lDefi¢it of Income over Expendlture 1,665 Cash at Bank 1,665 Cash at bank 1.138 67 General Fund opening balance Add SurplLJsIDelicit lor year 1,205 General Fund closing balan 480 Special Contents Fund 1,205 1,205 460 £1,665 £1.665 Donations made .' nil Beaulieu PCC Accounts 2020 Page 6 BEAULIEU PCC ACCOUNTING POLICIES The financial statements of the PCC have been prepared in accordance with the Church Accounting Regiilations 2006, usir)g the income and expenditiire basis. Funds General funds represent the funds of the PCC that are not subject to any special restrictions regai'ding their use and al'e available for application to the general purposes of the PCC. These include funds designated for a particular purpose by the PCC. The accounts include monetary transactions, assets and liabilities for which the PCC can be held responsible. They do not include the accounts of other Cliurch gi'oups that owe an affiliation to anolhei- body, nor tliose that arc inforinal gatherings of Chui'ch membei's. Balance Sheet The following assets are recognised but not necessarily valued in the Balance Sheet- Moveable church furnishings held by the churchwardens on special trust for the PCC and wliich require a faculty for disposal Land and biiildings held on behalf of the PCC Other fixtures, fittings and office equipment where the PCC is free to dispose of these assets without faculty and where the original cost exceeded £ 1,000 The following assets are recognised and a monetaiy value given as part of the description in the Balance Sheet.. Closing Bank balances Investments held bcneficially by the PCC Amounts owing froin FIM Revenue & Customs, where a formal claim has been made, and any other amounts owing to the PCC The following liabilities are recognised in the Balance Sheet.. Creditors foi. goods and services INDEI PENDENT EXAMINII R'S REPORT Be#ulieu Abbey ChMr¢h, Paroehial Church Council I rcpoit on the a¢coiinls for the year ended 31S1 December 2020 which are set OLIt on pages I to5. Re5 ective re onsibilities of the PCC and Inde endent Examiner The tnembers of the PCC Consider that an aiidit is not required for this year under section 144(2) of th¢ Cliaritics A¢t 2011 (the 2011 Act) and that an independent examination is necded. It is tny responsibility to examinc thc accounts under section 145 of the 2011 Ael. follow the procedures laid down in the Genei'al Directions given by the Charity Cotnmissioners section 145(5Xb) of th¢ 201 l Act. and state whether paiticulai. matters have ¢ome to my attention Basis of Inde endellt Examiner's Statement My examination was catTied out in accordance with the General Directions given by the Charity Coinmission. An examination includes a revicw of the a¢¢ounling records kept by the charity and a Comparison of the accoui)ts prcsentcd willi those I'c¢ords. It also includes eonsideration of any unusiial ileins or disclosurcs in tlie accoiints, and seeking explanations Irom the Inanagement coinmittee conccrning any such matters. The procedures undeitaken do not provide all the evidence that would bc i'¢quii'ed in a full audil. and ¢ons¢quently I do not express an audit opinion on tlie accounts. Indc cndent Examiner's Statement In connection with my examiiiation, no mattel's have come lo my attention which give me i'casonable cause to believe that in any material respect the requireincnts to keep accounting i'ecords in a¢cordance with s.130 of the 2011 Act. or to prepare accounts which accoi'd with these accounting records have not been tnet. oi. to which, in tny opinion attention should be drawn in order to enable a pmper undcrslating of the ac¢ounts to be reached Sara Stcelc, BA, ASIP Bignalls Beaulieu Hampshire 16 March 2021 Beaulleu PCC Accounts 2019 Appendix A Payments to Charities X=Regular Collections nominated for Outward Glving Y-special Collections (Weddings etcl for Conduit giving Total Church Army DEC Marys Meals Oakhaven Sailors Society Solent Mind Women's Refuge 623 367 203.5 623.00 367,00 203.50 1306.25 283.00 500.00 500.00 1306.25 283.00 500.00 500.00 £2,193.50 £1,589.25 £3.782.75 Beaulieu PCC Page 1 GENERAL FUND INCOME FOR THE YEAR ENDED 31 DECEMBER 2020 Year 2019 INCOME Incoming Resources from Donors Planned Giving Gift Aided Donations Income Tax Recovery Year 2020 40,658 14,145 38,902 20,156 54,803 Collections 59,058 444 8,805 Services for General Use Designated Isee fool of page 21 1,847 2,782 9,249 Donations 4,629 5.775 1,239 17,887 22,713 5,000 2,750 4,663 648 190 For Ordinary Purposes Concerts el¢ Grants for gallery &hand rails Specified purposes-Gifl aided Grant re Director of Music Music at Beaulieu Church Boxes Sunday Coffee Votive candles 18,969 5,000 1,869 3,750 5,000 1,337 93 41 60,865 36,059 Other Voluntary Resources Beaulieu Fete Other Receipts (Beaulieu Band, Ride&slridell Gala 6,800 1,000 7,890 701 15,690 701 Income from Investments Interest Dividends on Chancel & Churchyard Shares Dividends on Preservation Fund 207 1,402 4,787 121 1,444 5,080 6,396 6,645 Incorne from Trading Bookstalls Hire of Church Room Fees for Weddings and Funerals 4,995 4,692 6,393 1,561 1,556 1.808 16,080 4,925 Contributlons to Benefice Expenses Sl Kalharine's, Exbury Sl Paul's, East Boldre Bucklers Hard Chapel 1,942 2,390 6,200 1,834 2.255 460 10,532 4,549 173,615 GROSS INCOME 116,566 138,838 GROSS EXPENDITURE IPage 21 23,399 Charged to Preservation Fund -45,387 Grantsldonations Preservation Fund 599 Charged to Organ Fund 149,235 54,821 -10,350 356 13,388 SURPLUSIDEFICIT FOR YEAR ON GENERAL FUND 12,158 BEAULIEU PCC Page 2 GENERAL FUND EXPENDITURE YEAR ENDED 31 DECEMBER 2020 YEAR 2019 EXPENDITURE YEAR 2020 Grants to Charities See fool of this page and Appendix A for details 8,805 3,782 8,805 3,782 Expenses related to the work of the church Parish Share Postage, telephone and slalionery Printing and publicity 61,730 2.661 1,522 55,304 1,616 1,594 65.913 58,514 867 7,515 470 Transport Secretary's salary and relief Visiting Clergy 1,126 8,059 8,852 9,185 4,098 2,685 Healing and Lighting Cleaning 3,108 2,395 6,783 5,503 3.167 4.151 7,128 Insurance Repairs and Maintenance Repairs charged to Preservation fund Store Gallery balustrade East door rail Organ service Books and Magazines 3,133 3,069 13,140 30,132 10,748 1,000 356 1,788 10,334 5,936 599 6,375 37,690 63,366 2,129 7,805 861 Adminislralion and other expenses Musical Director and Organist Training expenses for Lay Minister 2,639 6,246 10,795 8,885 138,838 GROSS EXPENDITURE 149.235 Remittances to Charities Designated Collections al services Collections al special services Designated Collections al services BHC £3,744.47 £4,489.54 £ 571.25 £2.193.50 £1,589.25 £8.805.26 See Appendix A for list £3.782.75 Beauligu PCC Page 3 Balance Sheet as at 31st December 2020 3111212019 3111212020 Bank Accounts 20866 CCLA Oeposil 65820 CAF Deposit 2921 CAF Current 20955 27830 1610 89,607 50,395 Investments at bid price 31 December 2020 Beaulieu PCC registered 8753 Income Shares in CIE Investment Fund Diocese registered 1.972 Income Shares in CIE Invmt Fd (Chancell 544 Income Shares in CIE Invml Fd (Churchyard) 167,418 9015 184,338 37,776 10,404 1972 544 40,320 11,123 215,598 235,781 1.009 Debtors 1,880 306,214 Total Assets at book value 288,056 -11,730 Creditors -11,038 £294,484 Not Assets £277,018 Represented by 16,628 General Fund 27,769 Fund for Organ Maintenance 194,108 Preservation Fund 7,799 War Memorial Fund 37,776 Chancel Fund 10,404 Churchyard Fund (see page 4 for changes) 28,786 27,413 161,577 7,799 40,320 11,123 £294,484 £277,018 Signed on behalf of Beaulieu PCC Chairman BEAULIEU PCC Page 5 BUCKLERS HARD CHAPEL INCOME AND EXPENDITURE FOR THEYEAR ENDED 31 DECEMBER 2020 YEAR 2019 INCOME YEAR 2020 Incoming Resources from Donor8 Planned Giving." girt aided don81ion8 Collections lor general use Church Boxes Incorne tax recovered 3,547 1,014 2.551 577 481 266 7,998 1.327 EXPENDITURE 6,200 152 680 348 Contribution to Benefice Expenses Healing and Lighting Cleaning Insuran Bank Charge Donations" from specifi¢ collections 136 330 356 45 571 7.931 1,327 67 Surplu$lDefi¢it of Income over Expendlture 1,665 Cash at Bank 1,665 Cash at bank 1.138 67 General Fund opening balance Add SurplLJsIDelicit lor year 1,205 General Fund closing balan 480 Special Contents Fund 1,205 1,205 460 £1,665 £1.665 Donations made .' nil Beaulieu PCC Accounts 2020 Page 6 BEAULIEU PCC ACCOUNTING POLICIES The financial statements of the PCC have been prepared in accordance with the Church Accounting Regiilations 2006, usir)g the income and expenditiire basis. Funds General funds represent the funds of the PCC that are not subject to any special restrictions regai'ding their use and al'e available for application to the general purposes of the PCC. These include funds designated for a particular purpose by the PCC. The accounts include monetary transactions, assets and liabilities for which the PCC can be held responsible. They do not include the accounts of other Cliurch gi'oups that owe an affiliation to anolhei- body, nor tliose that arc inforinal gatherings of Chui'ch membei's. Balance Sheet The following assets are recognised but not necessarily valued in the Balance Sheet- Moveable church furnishings held by the churchwardens on special trust for the PCC and wliich require a faculty for disposal Land and biiildings held on behalf of the PCC Other fixtures, fittings and office equipment where the PCC is free to dispose of these assets without faculty and where the original cost exceeded £ 1,000 The following assets are recognised and a monetaiy value given as part of the description in the Balance Sheet.. Closing Bank balances Investments held bcneficially by the PCC Amounts owing froin FIM Revenue & Customs, where a formal claim has been made, and any other amounts owing to the PCC The following liabilities are recognised in the Balance Sheet.. Creditors foi. goods and services INDEI PENDENT EXAMINII R'S REPORT Be#ulieu Abbey ChMr¢h, Paroehial Church Council I rcpoit on the a¢coiinls for the year ended 31S1 December 2020 which are set OLIt on pages I to5. Re5 ective re onsibilities of the PCC and Inde endent Examiner The tnembers of the PCC Consider that an aiidit is not required for this year under section 144(2) of th¢ Cliaritics A¢t 2011 (the 2011 Act) and that an independent examination is necded. It is tny responsibility to examinc thc accounts under section 145 of the 2011 Ael. follow the procedures laid down in the Genei'al Directions given by the Charity Cotnmissioners section 145(5Xb) of th¢ 201 l Act. and state whether paiticulai. matters have ¢ome to my attention Basis of Inde endellt Examiner's Statement My examination was catTied out in accordance with the General Directions given by the Charity Coinmission. An examination includes a revicw of the a¢¢ounling records kept by the charity and a Comparison of the accoui)ts prcsentcd willi those I'c¢ords. It also includes eonsideration of any unusiial ileins or disclosurcs in tlie accoiints, and seeking explanations Irom the Inanagement coinmittee conccrning any such matters. The procedures undeitaken do not provide all the evidence that would bc i'¢quii'ed in a full audil. and ¢ons¢quently I do not express an audit opinion on tlie accounts. Indc cndent Examiner's Statement In connection with my examiiiation, no mattel's have come lo my attention which give me i'casonable cause to believe that in any material respect the requireincnts to keep accounting i'ecords in a¢cordance with s.130 of the 2011 Act. or to prepare accounts which accoi'd with these accounting records have not been tnet. oi. to which, in tny opinion attention should be drawn in order to enable a pmper undcrslating of the ac¢ounts to be reached Sara Stcelc, BA, ASIP Bignalls Beaulieu Hampshire 16 March 2021 Beaulleu PCC Accounts 2019 Appendix A Payments to Charities X=Regular Collections nominated for Outward Glving Y-special Collections (Weddings etcl for Conduit giving Total Church Army DEC Marys Meals Oakhaven Sailors Society Solent Mind Women's Refuge 623 367 203.5 623.00 367,00 203.50 1306.25 283.00 500.00 500.00 1306.25 283.00 500.00 500.00 £2,193.50 £1,589.25 £3.782.75