Diocesan President report on behalf of the Trustees for 2021
Following the effects of the Covid Pandemic and the necessity to make our administrator redundant we were pleased that we had begun the year financial stable with a reasonable balance in the bank.
However very few branches were holding meetings and many Trustees who were in their 6[th] year of serving were feeling the strain. We continued to Zoom meetings with members joining from across the Diocese. We had four Cluster and Trustee meetings zoomed over the year
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Outreach and how we could continue to serve. The women’s Refuges were still not taking items for their homes, the students were not holding their normal tea sessions where MU members provided food and a chance to talk if required. Members did however continue to knit for the Baby’s Basket Charity which continued to operate throughout the pandemic although maternity hospitals could not receive gifts.
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The opportunity to pay subs by Direct Debit was open to all members
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The chance to nominate a new team of Diocesan President and Trustees for the next Trienium was organized and supervised.
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Ideas on how they could reach out to MU members across the world whose suffering was worse than our own were discussed and funds raised by various means.
Members from our Cluster Dioceses Ely, Norfolk, Peterborough and Lincoln met by Zoom on 4 occasions giving each other support and ideas for the future. The newly appointed DP’s were able to join the last of these meetings.
Clusters and Branches were involved in reaching out to their members and local communities by zoom and face to face meetings in churches, gardens and halls observing social distancing when needed.
With Churches opening for Easter Services again members helped the clergy in any way they could to prepare, support and set the churches up with sanitizing seating, hands etc.
Summer Council was arranged for St Peter at Gowt, Lincoln but was cancelled when it was deemed unsafe to meet following the current outbreaks of a new variant; this was again a zoomed AGM following the directions and advise given at the time.
The main High Leigh conference for MSH staff and Diocesan Presidents from across the UK was also cancelled for a second year and changed to a zoom service on the Monday and three consecutive meetings on the following day.
We were also having zoom meetings with the staff at MSH to cover specific items such as Managing the Direct Debit payments, managing finance and budgets, the Clewer Initiative & County Lines, Prison updates all of which were attended by one or two representatives from LDMU.
July 17[th] saw the first Diocesan face to face meeting held in Bourne Abbey church with the Bishop of Grantham officiating. The Diocesan banner was brough down from Lincoln and displayed along with a few branch banners. There was no procession, all wore masks, we followed the hymns but no singing. However it was a sunny day, refreshments were served from the great west door and there were representatives from across the Diocese. It was such a relief to be back together again.
We had permission to keep the Banner until our Commissioning service in Lincoln St Peter at Gowt on 1[st] November when a good number of members came to see their new DP, new Chaplain and new Trustees installed by Bishop Nicholas for the next Trienium 2022-24. The banner had, in the intervening months been carefully stored and taken to MU church services in Horncastle, Immingham, and Cherry Willingham . Following the Commissioning service, it was returned to the Cathedral.
We have lost members, some branches never got back together but some have new members who have joined. Our current membership is just over 500 and we look forward to a more normal year in 2022.
Elizabeth Page Outgoing DP – Jan 22
Lincoln Diocesan Mother Union Treasurer’s Report for the Accounts 2021
20 Mar 2021
1. Financial Review
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a. For the second year running we are seeing a profit for the year-end accounts equating to £7081, which is an increase from the previous year of £5498. However, we need to review the Income and Expense accounts for receipts and payments that we would not normally process as shown below.
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b. The Balance Sheet is now showing the funds from the CBF LDMU Investment account. This was normally accounted for in the Wright, Lilley & Co financial report. However, as we have dispensed with this report, I have added this to our accounting figures to reflect a true value of the LDMU.
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c. From the previous report as advised, £7000 was paid into the CBF Investment account, which should see an increase in the quarterly investment income returns on the CBF LDMU Deposit account.
2. Income
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a. The true figure for income can only be reflected by removing the funds received from the Branch closures, CBF AFIA Fund and the Gift Aid Rebate overpayment. This provides us with a value of £25,151
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b. We are still seeing a continual reduction in the overall subscription income which is down by £1367 on the previous year to £14,530
3. Expense
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a. As we have taken into account the additional income, we also have to remove the additional expenses that we would not normally see. The ‘Account Closure’ of £2312 of the CBF LDMU AFIA Fund and the Gift Aid refund of £886, our total expenses for the year equates to £19,204. This then provides us with our true profit for the year (Income £25,151 – expenses £19,204) equalling £5947.
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So that we can review our profit and loss correctly, we also have to remove the income for the previous year that would not normally be received.
| 2020 | 2021 | |
|---|---|---|
| Income | £27,184 | £29,486 |
| Less Branch Closures | £ 347 | £ 2,020 |
| Account Closure | £ 2,313 | |
| Total | £26,837 | £25,151 |
| Less | ||
| Expenses | £21,685 | £22,404 |
| Account Closure | £ 2,313 | |
| Gift Aid Refund | £ 886 | |
| Total | £21,685 | £19,204 |
| Gross Profit | £ 5,151 | £ 5,947 |
- Currently we have a healthy bank balance of £6898 for the year-end. I would suggest a further payment to the CBF Investment fund of £2,000, which will again increase our quarterly investment rebates received throughout the year. Should we encounter a shortfall in funds a withdrawal from the CBF Deposit account can be made as required.
Philip J. O’Connell Diocesan Treasurer Mothers’ Union Lincoln Branch
Page 1 of 2
Lincoln Diocesan Mother Union Treasurer’s Report for the Accounts 2021
Annexes:
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A. LDMU – Profit and Loss Report 2021
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B. LDMU – UK Balance Sheet – As of 31 December 2021
Page 2 of 2
7:26 PM 06/03/22 Accrual Basis
Lincoln Diocesan Mothers' Union Profit & Loss
| 03/22 rual Basis |
Profit & Loss |
|
|---|---|---|
| Ordinary Income/Expense Income Investment Income LDMU-Branch Closure LDMU-Diocesan News incl postage LDMU-Donations & Gift Income LDMU-Gift Aid LDMU-Insurance LDMU-Newsletter LDMU Diocesan Membership MSH-Appeals-Donations MSH-Overseas Subscriptions Units-Action+Outreach Units-AFIA Holidays Units-Faith+Policy Units-IMPC (F&P) Units-Literature sales-MUe Total Income Gross Profit Expense LDMU-Conferences LDMU-Diocesan Fares Fund LDMU-Diocesan News/incl postage LDMU-Donations & Gift Expense LDMU-Insurance Expense LDMU-Newsletter Expense LDMU-Office Expense LDMU-Postage and Delivery LDMU-Rent and Rates LDMU Salaries LDMU Utilities Miscellaneous MSH-Cluster Subscriptions MSH-IMPC Ex Units-Action + Outreach Units-Faith + Policy Units-Literature Sales MUE Ex Total Expense Net Ordinary Income Profit for the Year |
Jan - Dec 20 Ordinary Income/Expense Income 1,148.21 Investment Income 347.10 LDMU-Account Closure 330.01 LDMU-Account Closure-Aveland 3,221.74 LDMU-Donations & Gift Income 786.92 LDMU-Gift Aid 261.00 LDMU-Insurance 1,272.00 LDMU-MUe Dividend 1,288.00 LDMU-Services/Triennial 65.12 LDMU Diocesan Membership 217.60 MSH-BIDF 15,897.50 MSH-Overseas 274.56 MSH IMPC Subs 400.00 MSH Relief 10.00 Subscriptions 260.00 Units-Action+Outreach 1,404.73 Units-AFIA Holidays Units-IMPC (F&P) Units-Literature sales-MUe 27,184.49 Total Income 27,184.49 Gross Profit Expense Account Closed 153.00 LDMU-Conferences 19.50 LDMU-General Expenditure 58.98 LDMU-Gift Aid Refunds Ex 25.70 LDMU-Insurance Expense 495.31 LDMU-Office Expense 498.00 LDMU-Postage and Delivery 302.94 LDMU-President/Area P expenses 114.03 LDMU-Rent and Rates 1,080.00 LDMU-Returned Cheques 6,415.17 MSH-BIDF Ex 207.69 MSH-Cluster Subscriptions 218.00 MSH-Diocese Subscriptions 9,975.50 MSH-IMPC Ex 10.00 MSH-Over Seas 274.56 MSH-Relief Fund Ex 40.00 Units-AFIA Holiday 1,797.45 Units-Faith + Policy Units-Literature Sales MUE Ex 21,685.83 Total Expense 5,498.66 Net Ordinary Income 5,498.66 Profit for the Year |
Jan - Dec 21 |
| 1,145.81 1,912.48 108.27 780.40 1,750.77 195.00 576.05 48.90 1,010.00 102.00 579.53 100.00 1,345.32 14,530.00 991.48 2,530.49 50.00 1,729.67 |
||
| 29,486.17 | ||
| 29,486.17 2,313.63 204.77 10.00 886.63 430.00 569.23 273.85 220.00 1,080.00 1,816.57 102.00 8,320.00 2,680.00 100.00 579.53 1,562.32 250.00 300.00 705.80 |
||
| 22,404.33 | ||
| 7,081.84 | ||
| 7,081.84 |
Page 1 of 1
7:47 PM 06/03/22 Accrual Basis
Lincoln Diocesan Mothers' Union UK Balance Sheet
31 Dec 21
| ASSETS Current Assets Cash at bank and in hand CBF NT051952 CBF NT051975-Dep Current Santander Total Cash at bank and in hand Total Current Assets NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS Capital and Reserves Opening balances Retained Earnings Profit for the Year Shareholder funds |
31 Dec 20 |
|---|---|
| 2,312.88 9,576.63 5,648.83 |
|
| 17,538.34 | |
| 17,538.34 17,538.34 |
|
| 17,538.34 | |
| 17,538.34 | |
| 18,262.07 -6,222.39 5,498.66 |
|
| 17,538.34 |
| 31 Dec 21 | |
|---|---|
| ASSETS Current Assets Cash at bank and in hand CBF NT051952 Acc Closed CBF NT051975-Dep * CBF NT051975-Inv Current Santander Total Cash at bank and in hand Total Current Assets NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS Capital and Reserves Opening balances Retained Earnings Profit for the Year Shareholder funds** |
0.00 6,727.35 28,317.31 6,898.49 |
| 41,943.15 | |
| 41,943.15 41,943.15 |
|
| 41,943.15 | |
| 41,943.15 | |
| 35,585.04 -723.73 7,081.84 |
|
| 41,943.15 |
| CBF NT051975-Inv - 31/12/2020 Transfer from Dep Acc Cash Deposit * Total value** |
17322.97 3994.34 7000.00 |
|---|---|
| 28317.31 |
Page 1 of 1
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