Church of St Mary the Virgin, Fen Ditton
2022 ACCOUNTS AT A GLANCE
Commentary on 2022 Fen Ditton PCC Accounts
In 2022 income and payments were £42,774 and £33,871 respectively (2021: £47,235 and £32,648), leaving a surplus of £8,903 for the year (2021: £14,588). The income in the year included a number of exceptional payments, the use of which was limited to certain defined purposes, and the unrestricted income and payments were £28,733 and £28,098 respectively (2021: £32,516 and £30,636), leaving a surplus in the unrestricted funds of £635 (2021: £1,881).
At 31[st] Dec 2022, the unrestricted funds stood at £15,495 and the sum of restricted funds stood at £105,015 (fabric fund, including specific allocations: £58,281).
2022 saw a return to more normal activities following C19 lockdowns. Our service collection rose from £2,232 in 2021 to £3,195, but is well below historic amounts (cf £6,000 in 2019). Income from church events was however below 2021 figures at £2,528 with no weddings.
Planned giving was broadly in line with 2021 at £15,165 but below previous years. Members of the Parish Giving Scheme and standing orders are the same. Event income was well ahead of below 2021 at £3,086 in line with previous years. The PCC also received a further substantial transfer in of funds (£14,041) from the old Church Trust which will be held by the PCC for the same purposes as the Church Trust.
The Parish Share was 4% higher than the previous year at £23,936 (2021: £22,993). Church utility costs were substantially below previous year due to an on-going issue with the electricity supplier incorrectly redirecting our supply to another provider resulting the in church not being billed for any electricity during the period. The supplier has been notified and is aware of the error, but has failed to correct it. We should be aware that there is a potential liability for electricity for the year that is likely to be approximately £3k. In addition, substantial amount was spend on organist costs in the year. Building maintenance costs for the year were below prior years and entirely routine costs.
Post the pandemic, the cost of running the church has been contained with little expenditure on non-routine building work, or other investment. This, together with being able to offset insurance costs against the old trust funds and income from events, has enabled a small surplus in unreserved income. The overall financial position has benefited significantly from the final receipt from old Church Trust. The surplus this year needs to be considered in the context of the electricity liability mentioned above. We have also agreed to make a contribution of £5,000 to the Parish Council for repair of the church wall (a Parish Council responsibility) which is likely to be paid in 2023.
Looking forward, there is significant opportunity to improve the income from events and giving back to pre-pandemic levels which would put the church finances in a stronger long term position. Sam Hyde (tr.fdchurch@gmail.com)
April 2022
St Mary the Virgin, Fen Ditton
Annual Financial Report for the year ended 31 December 2022
| Contents | Page No. | ||
|---|---|---|---|
| Church PCC General Account | Receipts | 2 | |
| Payments | 3 | ||
| Statement of Assets | 4 | ||
| Restricted Funds | 5 | ||
| Explanatory Notes | 6 to 7 | ||
| Independent Examiner's Report | 8 | ||
| Date of Report | 26 March 2023 | ||
| Treasurer | Dr S C W Hyde | Email: Tr.FDChurch@gmail.com | |
| Highfield House | Tel: 01223 527057 | ||
| 31 High Street, Fen Ditton | |||
| Cambridge CB5 8ST | |||
| Independent Examiner | Mr J F Wong | Email: jeremywong@btconnect.com | |
| 59 Bridle Way | Tel: 01223 840244 | ||
| Grantchester | |||
| Cambridge CB3 9NY | |||
| Bankers | Barclays Bank | CCLA | |
| 28 Chesterton Road | Senator House | ||
| Cambridge CB4 3VT | 85 Queen Victoria Street | ||
| London EC4 4ET |
Page 1
PCC General Fund
| PCC General Fund | ||||
|---|---|---|---|---|
| Receipts Notes Giving Planned giving Collection envelopes Standing order 1 Parish Giving Scheme + Stewardship 1 Gift day Collection open Tax recovered Good box Total giving before one-off sums Bequest and donations 2 Total giving Church activities Wedding Funeral Baptism Other Events & fund raise 3 Other Income Grants 4 Transfer in Reimbursement 5 Other Total Receipts |
Unrestricted (£) 50.00 1,010.00 14,104.76 - 15,164.76 3,158.94 - - 18,323.70 2,092.77 20,416.47 48.00 2,448.00 32.00 - 2,528.00 3,085.64 600.00 - 2,103.15 - 2,703.15 28,733.26 |
Restricted (£) - - - - - - - - - 14,040.56 14,040.56 - - - - - - - - - - - 14,040.56 |
2022 (£) 50.00 1,010.00 14,104.76 - 15,164.76 3,158.94 - - 18,323.70 16,133.33 34,457.03 48.00 2,448.00 32.00 - 2,528.00 3,085.64 600.00 - 2,103.15 - 2,703.15 42,773.82 |
2021 (£) - 1,185.00 14,189.12 - |
| 15,374.12 2,231.57 3,015.20 11.29 |
||||
| 20,632.18 | ||||
| 7,069.13 | ||||
| 27,701.31 | ||||
| 1,980.00 1,908.00 - - |
||||
| 3,888.00 804.64 - 13,718.50 1,123.03 - |
||||
| 14,841.53 | ||||
| 47,235.48 |
Page 2
PCC General Fund
| PCC General Fund | |||
|---|---|---|---|
| Payments Notes Ministry costs Parish share 6 Diocese Fee Ministerial expenses Church running expenses Utilities Bank charges Flowers Choir music Organ service Audit/legal Petty Cash Church supplies Music/Organist Insurance Officiating Contactless reader 7 Wifi 7 Other 8 Building maintenance Routine 9 Non-routine 10 Event expenses 11 Memberships Concerts/fairs Printing Other Charitable donations 12 Other Legal and commercial Refunds Transfers out Total Payments Surplus / (Shortfall) for the Year |
Unrestricted (£) 23,936.18 - - 23,936.18 945.40 3.96 - - 90.00 260.00 - - 1,066.40 - 220.00 393.00 11.64 376.06 3,366.46 208.80 - 208.80 - 552.00 - - 552.00 35.00 - - - 28,098.44 634.82 |
Restricted (£) - - - - - - - - - - - - 834.49 3,985.68 - - - - 4,820.17 952.62 - 952.62 - - - - - - - - - 5,772.79 8,267.77 |
2022 2021 (£) (£) 23,936.18 22,992.82 - - - - |
| 23,936.18 22,992.82 945.40 3,113.93 3.96 3.96 - - - - 90.00 130.00 260.00 250.00 - - - 25.00 1,900.89 80.00 3,985.68 3,852.09 220.00 - 393.00 - 11.64 - 376.06 305.40 |
|||
| 8,186.63 7,760.38 1,161.42 1,859.48 - - |
|||
| 1,161.42 1,859.48 - - 552.00 - - - - - |
|||
| 552.00 - 35.00 35.00 - - - - - - |
|||
| 33,871.23 32,647.68 |
|||
| 8,902.59 14,587.80 |
Page 3
| PCC General Fund Statement of Assets Monetary Assets Current account CCLA deposit account Non-monetary Assets Reconcilliation Current account at 1 Jan 22 Excess of receipts over payments Current account at 31 Dec 22 CCLA deposit account at 1 Jan 22 Plus interest on deposit account Plus transfers from current account Less transfers into current account Deposit account at 31 Dec 22 |
Unrestricted (£) 15,494.50 |
Restricted (£) 105,015.23 |
As 31 December 2022 2021 (£) (£) 80,040.58 71,137.99 40,469.15 39,943.79 |
|---|---|---|---|
| 120,509.73 111,081.78 Nil Nil 71,137.99 8,902.59 80,040.58 39,943.79 525.36 - - 40,469.15 |
Page 4
PCC General Fund
Restricted Funds
| Fabric of church Choir Music Leprosy mission Flowers Vestments Insurance Gates and path Reordering of the Church |
At 1 Jan 22 58,281.44 1,038.74 834.49 306.02 254.56 1,760.30 13,074.20 10,596.39 10,601.32 96,747.46 |
Payments 952.62 - 834.49 - - - 3,985.68 - - 5,772.79 |
Receipts - - - - - - - - 14,040.56 14,040.56 |
At 31 Dec 22 57,328.82 1,038.74 - 306.02 254.56 1,760.30 9,088.52 10,596.39 24,641.88 |
|---|---|---|---|---|
| 105,015.23 |
Page 5
PCC General Fund
Explanatory Notes
Note
| Note | ||||
|---|---|---|---|---|
| Note 1 Planning Giving Number of standing orders Number in the Parish Giving Scheme and Stewardship Note 2 Bequests and Donations Donations in memory of Ian Richie Winding up of Fen Ditton Church Trust Donation box and other donations Note 3 Events and Fund Raising Concerts Dragon boat racing Bumps teas Fairs Easter card sale 5p 200 Club Coffee morning Easyfundrasing Other Note 4 Grants Diocese of Ely contribution to heating bills Note 5 Reimbursement Utility credit Reimbursement of communion wine |
Unrestricted (£) 462.50 - 1,630.27 2,092.77 |
Restricted (£) - 14,040.56 14,040.56 |
As 2022 5 14 2022 (£) 462.50 14,040.56 1,630.27 16,133.33 273.73 - 200.00 - - 30.00 2,167.70 - 23.21 391.00 3,085.64 600.00 600.00 2,046.49 56.66 2,103.15 |
31 December 2021 5 14 2021 (£) |
| 7,069.13 - 31.90 - 462.62 12.75 10.00 - 245.00 21.37 21.00 |
||||
| 804.64 - |
||||
| 13,718.50 | ||||
| 1,123.03 |
Page 6
PCC General Fund
Explanatory Notes Cont.
| Note | |||
|---|---|---|---|
| 2021 | 2020 | ||
| Note 6 | Parish Share | (£) | (£) |
| Parish Share paid in 2021 | 22,992.82 | ||
| Parish Share due in 2021: £22,992.82 | |||
| Monthly payments made 2021 | 23,936.18 | ||
| Parish Share paid | 23,936.18 | 22,992.82 | |
| Note 7 | Contactless reader and Church Wifi | ||
| Reader with Goodbox requires monthly subscription of £21 (cancelled Jan 2023 and replaced with cheaper service) | |||
| Church Wifi provided by 5G modem requiring monthly subscription - initiallhy £10/month going | to £20/month) | ||
| Note 8 | Church running expenses - other | ||
| LED lightbulbs | 258.82 | ||
| Signwriting for noticeboard | 117.24 | - | |
| 376.06 | |||
| Note 9 | Building Maintenance Routine | ||
| Alarm annual fee | 183.98 | 181.20 | |
| Alarm service | 372.64 | 415.20 | |
| Rentokil | 394.15 | 771.08 | |
| Heater service | - | 492.00 | |
| Electrical testing | 120.00 | - | |
| Lightening conductor test | 144.00 | - | |
| Fire extinguishers | 132.00 | ||
| Note 10 | 1,070.77 | 1,744.70 | |
| Building Maintenance Non-Routine | |||
| None | - | - | |
| Note 11 | - | - | |
| Event Expenses - other | |||
| None | - | - | |
| Note 12 | - | - | |
| Charitable Donations | |||
| Donation to RBL - Remembrance Wreath (2022) | 35.00 | 35.00 | |
| 35.00 | 35.00 |
Page 7