St Mary le Wigford Church Historic Charities of Wigford
End of Year Financial Statements
Year ending 2022.
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Introduction
Report by Churchwarden – Jackie Kirk
ST MARY LE WIGFORD CHURCH – REPORT - 2022
2022 Report to the APCM
The year of 2022 was a mixed year of positive and negative developments for the world in general, after yet another lockdown was inflicted upon society over the 2021 Christmas and New Year celebrations due to a new Covid 19 strain named Omicron, everything shut down yet again. Covid had been difficult for all businesses and charities across the spectrum through loss of income because people were able to go about their normal daily life. For various reasons St Mary’s couldn’t access the Covid Relief Funds that were available to support that loss of income, and subsequently this had a huge impact on our financial resources at the start of 2022.
During the first quarter of 2022, Covid restrictions were finally lifted, and the world began to return to some normality, the hall rental income improved but recouping our losses from 2021 was going to be difficult to near on impossible moving forward. Normality wasn’t to last for long as just round the corner Russia invaded Ukraine on 24[th] February 2022, and once again the world at large was thrown into turmoil.
St Mary le Wigford Church as in the past has opened its doors to support the most vulnerable in our community – Relief in Need as our 46-year-old charity states. In May/June the Ukrainian Volunteer Centre at St Mark’s Shopping Centre approached me personally, desperately needing a space for the Ukrainian community to meet up. I willingly agreed they could use the facilities on a Sunday and the Ukrainian Cultural Centre Lincoln was born.
During 2022 unfortunately the decades old First Monday Club closed, they didn’t really recover their precovid attendance levels and decided it was best to fold. The Thursday Co-op Ladies didn’t return either, so already our less than robust income funds were reduced even further, alongside the fact that we’d started the year at a loss from the severely reduced income during 2021.
St Mary’s welcomed a new group – Access all Games which helped ease the situation slightly but nowhere near enough. During the year there had been a few events, as people began to get back into the swing of gathering in large groups once again and enjoying their freedoms.
Common Ground Theatre continued to meet to rehearse for their production of ‘Gaslight’ which like everything else had to be postponed during 2021 because of Omicron, and they began to rehearse for ‘Ladies Down Under’ at the back end of 2022.
Looking forward to 2023, increase our reach across the city, rebuild our income and event bookings as our location is our biggest plus point, our midweek services have been reinstated with the help and support of the Diocese, Archdeacon Gavin Kirk, and the Rural Dean Fr. Paul Noble. I offer my thanks and prayers to our valued St Mary le Wigford Volunteers and community for their help and support during a difficult year as we began to rebuild and look towards a new future.
With thanks and prayers as we look forward to new beginnings in 2023 .
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Statement of Financial Activities
| Unrestricted Restricted Endowment Total Prior year funds funds funds funds total funds |
|
|---|---|
| Income and endowments from: Other trading activities Investments Other income GIFT AID Gift Aid Cash Lincoln Diocesan Trust & Board of Finance Ltd Ecclesiastical Donations for Major Repairs/Maintenance Total income Expenditure on: Other expenditure Utilities Insurance Travel Costs Office supplies Food & Church Cafe costs Cleaning & Maintenance Costs Church Supplies HLF Grant Funding Expenditure Church Repairs CCLI Church Music Licences EE Broadband Church Office Quinquennial Inspection Total expenditure Net income / (expenditure) resources before transfer Other recognised gains / losses Net movement in funds Total funds brought forward Total funds carried forward Represented by Unrestricted General fund Designated Ecclesiastical Account Relief in Need Account |
— — — — £540.00 £779.85 — — £779.85 £759.89 £7,198.51 — — £7,198.51 £2,958.15 £1,680.00 — — £1,680.00 £1,680.00 £6,149.06 — — £6,149.06 £6,563.50 £13,771.87 — — £13,771.87 £60.00 £11,546.60 — — £11,546.60 — |
| £41,125.89 — — £41,125.89 £12,561.54 £2,297.42 — — £2,297.42 £1,068.00 £15,676.13 — — £15,676.13 £7,669.14 £5,076.79 — — £5,076.79 £3,474.26 £508.80 — — £508.80 £763.40 £1,542.77 — — £1,542.77 £148.96 £305.97 — — £305.97 £59.99 £387.68 — — £387.68 £803.50 — — — — £36.00 — — — — £1,092.00 £1,047.79 — — £1,047.79 £3,538.20 £218.89 — — £218.89 £209.66 £619.67 — — £619.67 £626.43 £930.00 — — £930.00 — |
|
| £28,611.91 — — £28,611.91 £19,489.54 |
|
| £12,513.98 — — £12,513.98 (£6,928.00) |
|
| £12,513.98 — — £12,513.98 (£6,928.00) |
|
| £11,594.60 — — £11,594.60 £18,522.60 |
|
| £24,108.58 — — £24,108.58 £11,594.60 £4,538.42 — — £4,538.42 £9,496.85 £16,610.37 — — £16,610.37 (£290.23) £2,959.79 — — £2,959.79 £2,387.98 |
Balance sheet
| Class and code Description Current assets A01 General Account A02 Relief in Need Account A03 Ecclesiastical Account |
This year Last year |
|---|---|
| £1,000.22 £5,958.65 £2,959.79 £2,387.98 £20,148.57 £3,247.97 |
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| Total Current assets Reserves Excess / (deficit) to date Z01 Starting balances Total Reserves Represented by funds Unrestricted Designated Restricted Endowment Total |
£24,108.58 £11,594.60 £12,513.98 — £11,594.60 £11,594.60 |
|---|---|
| £24,108.58 £11,594.60 £4,538.42 £9,496.85 £19,570.16 £2,097.75 — — — — |
|
| £24,108.58 £11,594.60 |
Statement of assets and liabilities
| General Designated Restricted Endowment This year Last year |
|
|---|---|
| Current assets - Cash at bank and in hand General Account Relief in Need Account Ecclesiastical Account Totals Grand total |
£3,086.42 (£2,086.20) — — £1,000.22 £5,958.65 — £2,959.79 — — £2,959.79 £2,387.98 £1,452.00 £18,696.57 — — £20,148.57 £3,247.97 |
| £4,538.42 £19,570.16 — — £24,108.58 £11,594.60 |
|
| £4,538.42 £19,570.16 — — £24,108.58 £11,594.60 |
Fund movement by type
| Opening Incoming Outgoing Transfers Gains/losses Closing |
|
|---|---|
| General - General fund Unrestricted Sub-total for General Relief - Relief in Need Account Designated Sub-total for Relief Eccles - Ecclesiastical Account Designated Sub-total for Eccles Grand total |
£9,496.85 £13,942.60 £18,901.03 — — £4,538.42 |
| £9,496.85 £13,942.60 £18,901.03 — — £4,538.42 £2,387.98 £1,713.67 £1,141.86 — — £2,959.79 |
|
| £2,387.98 £1,713.67 £1,141.86 — — £2,959.79 (£290.23) £25,469.62 £8,569.02 — — £16,610.37 |
|
| (£290.23) £25,469.62 £8,569.02 — — £16,610.37 |
|
| £11,594.60 £41,125.89 £28,611.91 — — £24,108.58 |
Analysis of income and expenditure
Other trading activities
| 126 - Craft Market Stall Income Total |
Total Unrestricted Designated Restricted Endowment This year Last year — — — — — £540.00 |
|---|---|
| — — — — — £540.00 |
Investments
Total
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| 114 - COIF CHAR INVESTMENT - Relief in Need 115 - COIF CHAR INVESTME - Ecclesiastical Total |
Unrestricted Designated Restricted Endowment This year Last year — £389.65 — — £389.65 £379.67 — £390.20 — — £390.20 £380.22 |
|---|---|
| — £779.85 — — £779.85 £759.89 |
|
| Other income 104 - Hall Rental 105 - Church Rental 107 - Grant Funding Activities 118 - Other miscellaneous income 122 - Non Gift Aid donations Total |
Total Unrestricted Designated Restricted Endowment This year Last year £3,695.00 — — — £3,695.00 £1,632.00 £1,100.00 — — — £1,100.00 £500.00 — — — — — £735.00 £2,353.51 — — — £2,353.51 £91.15 £50.00 — — — £50.00 — |
| £7,198.51 — — — £7,198.51 £2,958.15 |
GIFT AID
| 101 - Regular Gift Aid donations Total |
Total Unrestricted Designated Restricted Endowment This year Last year £1,680.00 — — — £1,680.00 £1,680.00 |
|---|---|
| £1,680.00 — — — £1,680.00 £1,680.00 |
Gift Aid Cash
| 110 - Cash Gift Aid Donations Total |
Total Unrestricted Designated Restricted Endowment This year Last year £4,825.04 £1,324.02 — — £6,149.06 £6,563.50 |
|---|---|
| £4,825.04 £1,324.02 — — £6,149.06 £6,563.50 |
Lincoln Diocesan Trust & Board of Finance Ltd
| 128 - Lincoln Diocesan Trust & Board of Finance 130 - Ecclesiastical - Investments Draw Down Total |
Total Unrestricted Designated Restricted Endowment This year Last year £239.05 £8,532.82 — — £8,771.87 £60.00 — £5,000.00 — — £5,000.00 — |
|---|---|
| £239.05 £13,532.82 — — £13,771.87 £60.00 |
Ecclesiastical Donations for Major Repairs/Maintenance
| 129 - Ecclesiastical - Bell Tower Donations Total |
Total Unrestricted Designated Restricted Endowment This year Last year — £11,546.60 — — £11,546.60 — |
|---|---|
| — £11,546.60 — — £11,546.60 — |
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INCOME TOTAL £13,942.60 £27,183.29
— — £41,125.89 £12,561.54
Other expenditure
| 218 - Miscellaneous Total |
Total Unrestricted Designated Restricted Endowment This year Last year £36.00 £2,261.42 — — £2,297.42 £1,068.00 |
|---|---|
| £36.00 £2,261.42 — — £2,297.42 £1,068.00 |
|
| Utilities 201 - Anglian Water 202 - Calor Gas 203 - Normal Gas Account 204 - BT Telephone and Internet 205 - BT Internet 206 - Refuse Collection 207 - Freedom Fire & Security 208 - PHS Hygiene 219 - Electricity 228 - Leicester Photo - church website management 235 - E-ON - St Benedict's Gas/Electric Supply Total |
Total Unrestricted Designated Restricted Endowment This year Last year £562.75 — — — £562.75 £897.53 £313.23 — — — £313.23 £314.72 £2,790.55 — — — £2,790.55 £383.71 — — — — — £484.08 £1,006.28 — — — £1,006.28 £1,062.21 £1,624.85 — — — £1,624.85 £1,105.34 £80.34 — — — £80.34 £57.60 £1,174.12 — — — £1,174.12 £1,073.10 £5,236.66 — — — £5,236.66 £1,890.05 £334.00 — — — £334.00 £400.80 — £2,553.35 — — £2,553.35 — |
| £13,122.78 £2,553.35 — — £15,676.13 £7,669.14 |
Insurance
| 209 - Ecclesiastical Insurance 236 - Ecclesiastical Insurance St Benedict's C Total |
Total Unrestricted Designated Restricted Endowment This year Last year £3,300.33 — — — £3,300.33 £3,474.26 — £1,776.46 — — £1,776.46 — |
|---|---|
| £3,300.33 £1,776.46 — — £5,076.79 £3,474.26 |
Travel Costs
| 214 - Travel Costs Total |
Total Unrestricted Designated Restricted Endowment This year Last year £508.80 — — — £508.80 £763.40 |
|---|---|
| £508.80 — — — £508.80 £763.40 |
Office supplies
Total
Page 6
| 215 - Office Supplies Total |
Unrestricted Designated Restricted Endowment This year Last year £400.91 £1,141.86 — — £1,542.77 £148.96 |
|---|---|
| £400.91 £1,141.86 — — £1,542.77 £148.96 |
Food & Church Cafe costs
| Food & Church Cafe costs | |
|---|---|
| 212 - Food & Cafe Costs other Total |
Total Unrestricted Designated Restricted Endowment This year Last year £305.97 — — — £305.97 £59.99 |
| £305.97 — — — £305.97 £59.99 |
|
| Cleaning & Maintenance Costs 213 - Cleaning & Maintenance Costs Total |
Total Unrestricted Designated Restricted Endowment This year Last year £387.68 — — — £387.68 £803.50 |
| £387.68 — — — £387.68 £803.50 |
|
| Church Supplies 216 - Church Candles & Other Total |
Total Unrestricted Designated Restricted Endowment This year Last year — — — — — £36.00 |
| — — — — — £36.00 |
HLF Grant Funding Expenditure
| HLF Grant Funding Expenditure | |
|---|---|
| 225 - HLF Grant Expenditure Total |
Total Unrestricted Designated Restricted Endowment This year Last year — — — — — £1,092.00 |
| — — — — — £1,092.00 |
|
| Church Repairs 226 - Church Repairs Total |
Total Unrestricted Designated Restricted Endowment This year Last year — £1,047.79 — — £1,047.79 £3,538.20 |
| — £1,047.79 — — £1,047.79 £3,538.20 |
CCLI Church Music Licenses
| CLI Church Music Licenses | |
|---|---|
| 232 - CCLI Church Music Licenses Total |
Total Unrestricted Designated Restricted Endowment This year Last year £218.89 — — — £218.89 £209.66 |
| £218.89 — — — £218.89 £209.66 |
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EE Broadband Church Office
| EE Broadband Church Office | |
|---|---|
| 233 - EE Broadband & Phoneline Church Office Total |
Total Unrestricted Designated Restricted Endowment This year Last year £619.67 — — — £619.67 £626.43 |
| £619.67 — — — £619.67 £626.43 |
|
| Quinquennial Inspection 234 - Quinquennial Inspection Total |
Total Unrestricted Designated Restricted Endowment This year Last year — £930.00 — — £930.00 — |
| — £930.00 — — £930.00 — |
|
| EXPENDITURE TOTAL | £18,901.03 £9,710.88 — — £28,611.91 £19,489.54 |
| GRAND TOTAL | (£4,958.43) £17,472.41 — — £12,513.98 (£6,928.00) |
This report dated: 11[th] March 2023
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