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2021-12-31-accounts

Chairnian's report for 2021 It 15 with great relief that I can write Ihis report knowing that'after COVID" we will be able to hold the Annual Gcneral meeting in Church and also that it is pretty certain the events. which have already been booked for 2022. will go ahead. The major repair iyorks were completed on time in March last year, and after A comprehensive cl¢ai)ing programme by Brian and Daphlle Moore. the church was r¢stored to it's nom)al high quality appearance. at the same time Mark and Sue Walland worked very hard to clean up the considerable mess, (th¢ result of the rn&jor r¢p&ir work on the West window) in the bell ch&mber and ringing platform. The purchase of the Bechstein Grdnd Piano early in the year has enabled two series of Lunclitime Concerts to take place. staged by William Drew-Batty these events have attra¢ted a new audience to th¢ church. They have been well attended and the availability of a good piano eiisures that the prodiictions kr¢ always of & hish qualily. We have noticed that, Ivith ihe opening of the i)eiv Con)Inunity C¢T]trc, we are getting I¢s5 b(M)kin8s from sinall groups who previously had used the Bowerbank Room for committee meetings. apart from better parking facilities there is a150 ititernet connection in the Community Centre building - something we cannot offer in St. Mary's at tliis stage, bul we do hope this facility may be available here soon. You may all be aivare that Eric Kitt& Iiusband of the late Joyce King. died recently at the age of 92- Roy Tricker, giving the eulogy, reminded us that Joyce who was vice chairnian and then Chairman of the Frieiids, committee for 20 year4 worked tirelessly for the church. She was fAithfiJlly supported all that time by Eric during a period ivhen funds w¢r¢ Short so "making ends meet" was a struggl¢; in spite of the lack of funds Joyc¢ always managed to pay money to R¢dundant Churches Fund each year, gen¢rally about £300, often leaving a balance of less tl)an £100 in tlie bank. At the AGM in 1985 Joyce was pleased to announce thaL out of th¢ 200 churches in th¢ care of RCF at that time. the £300 donation placed St. Mary's 4 high¢5t on the list. There have been four other ¢hainyJrn during the rem2£ ining twenty years since St. Mary's was made redundant, and since 2008 the Bowerbank Bequest has made it much easier for us to improve the facilities in the chuwh, enabling it to be used for exhibitions, plays. concerts and other events for the benefit and eRjoytnent of the population of Bungay. Kathleen Bowerbank would be pleased to know that her legacy has help¢d to make this possible. as she eatly loved ihe church. Two most noticeable features of the Church which benefited from the repair works are the West Window, wh¢r¢ the tracery has be¢T] replaced. atid th¢ priory ruins which was the m05t expeiisive part of the whole project. The W¢st window, an importont feature of the church tower, now attracts favourable comments from visitors. the rnins, which. had the r¢pairs not been carried out, would have remained f¢n¢ed off from the publi¢, can now be used again for events such as tlie avtnual "Soiree in th¢ Priory" and hopefully provide the backdrop for wedding photographs and other events, as has alivays b¢¢n possible in the past. I have really enjoyed my years on the "friends" committee going back to the early years as a comtnittee memb¢r aiid more recently as Vicc Chairnian and Chairman.. Dennis Walker. our first chairman, rather optimistically su8g¢st¢d when he retired, thal chairmen should sland down after five years. that Iliis Ivould be a mistake was proved by Joyce King who followed him and was a very successful chairman for fifteen years. l am certain that my shorter tenn has been successful only because of the interest. in my plans from my committee members and I would like to thank them for their continued support. l am siir¢ that Iny successor will be equally well supwrted and I hope he enjoys his ttme in the chair as much #s I have.. John Warnes

Friends of St Mary’s Church, Bungay

Accounts for the year to 31[st] December 2021

Receipts

Subscriptions and donations
Donation for piano

Hire of church & income from events
Retained event cash

Transfer from COIF deposit accounts

HL capital distribution

Dividends & interest received – BB account

Dividends & interest received – General account

Total receipts

Payments
Donations to CCT

Return of donation for piano

Church maintenance

Capital improvements

Transfer to investments

Fundraising costs
Insurance

Professional fees

Miscellaneous and admin

Total payments

Surplus/Deficit for the year
Total receipts

Total payments

Surplus/deficit for the year

Wall safe cash received and banked












2021
473.81
1,600.00
695.45
1,158.00
6,515.19
3,550.00
15,298.42
3,297.40
32,588.27
6,301.84
1,600.00
1,416.13
3,569.40
9,550.00
46.86
1,687.23
50.00
2,270.91
26,492.37
32,588.27
26,492.37
6,095.90
181.80
2020
241.69
0.00
463.00
0.00
7,500.00
0.00
13,062.11
2,583.93
23,850.73
8,478.11
0.00
2,156.84
11,568.55
0.00
50.50
1,945.60
50.00
1,690.69
25,940.29
23,850.73
25,940.29
(2,089.56)
190.17




























Friends of St Mary’s Church, Bungay

Accounts for the year to 31[st] December 2021

Assets as at 31st December 2021
2021
Lloyd’s Bank account
19,407.86 (B)
COIF BB funds
0.00 (A)
COIF General funds
0.00 (B)
Share portfolio & Broker BB account
541,482.50 (A)
Share portfolio & Broker General account 88,561.03 (B)
Petty Cash
0.76 (B)
Total assets
649,452.15

Summary of assets as at December 2021
Bowerbank Bequest assets
535,363.13 (A-C)
BB donation due to CCT for 2021
6,119.37 (C)
General account assets
107,969.65(B)
Total assets as above
649,452.15
2020
13,311.96
1,432.60
5,082.31
463,836.88
83,001.85
1.26
566,666.86
460,044.64
5,224.84
101,397.38
566,666.86

Note: The agreement between the Friends and the Churches Conservation Trust for the division of the dividends of the Bowerbank funds, was 60%/40% in favour of the Friends, and was for 10 years ending on 31[st] December 2018. It was agreed at the Friend’s committee meeting on 6[th] July 2020 to continue apportioning dividend income on the same basis, and make payment to the CCT.

BB dividends and interest as per accounts
Retained by the Friends
60%
Due to CCT
40%
Total income as above
15,298.42
13,062.11
9,179.05
7,837.27
6,119.37(C)
5,224.84
15,298.42
13,062.11

IAIN HUGGINS Sl¢ide 14cius*e Thc Street Earsham, Bunga!, Suffolk NR35 2TE 01986.89440.3 o-, 8114.)8n699 irhuggins@aol.com l(c. OE>.20 FRIENDS OF ST. MARY'S CHURCH, BUNGAY INDEPENDENT EXAMINER'S REPORT OF THE ACCOUNTS FOR THE YEAR ENDED 31.12.2021 Basls of Independent Examlner's Report My examination includes a review of the accounting records kept, and a comparison of the Accounts with those records. It also includes consideration of any unusual items or disclosures in the Accounts, and seeking an explanation for any such items: The procedures undertaken do not provide all the evidence that would be required of an Audit, and consequently, I do not express an opinion on the view given by the Accounts. Independent Examiner's Statement In connection with my examination no matter has come to my attention which gives me cause to believe that the accounting records required hai'e not been kept, and to which, in my opinion, attention should be drawn to enable a proper understanding of the Accounts to be reached. Ialn Huggi s A.l.B., A.C.I.I.