Abbreviated Copy. Not audited.

Hadleigh URC Annual Finance Report 2016

Great Meeting

Hadleigh United Reformed CHURCH

FINANCE ANNUAL Report

FOR THE YEAR ENDED

31st DECEMBER 2016.

  1. GREAT MEETING , HADLEIGH UNITEDREFORMED CHURCH

FOR THE YEAR ENDED 31ST DECEMBER 2015

INTRODUCTION

These , abbreviated accounts , have been produced for the church annual general meeting. The full set of accounts, those which shall be submitted to the Charity Commissioner, the Synod etc. will be presented to the congregation following preparation by our Auditor, Mr. Dennis Miller.

Allocations (formerly known as Funds).

These have been established to bring clarity to our accounting . Certain monies are ‘restricted’ to the purpose for which the funding was intended. E.g. Some of our buildings works have been funded by grant-givers. I must ensure that those monies are employed for that purpose.

  • ACC. Ansell Centre running costs.
  • Buildings. Capital works.
  • Fabric. This Allocation will pay for repairs and maintenance to our properties..
  • Operations (Formerly General), to pay for Heating & Lighting, Maintenance of the Ministry, Worship costs etc
  • Reserve. This Allocation to be employed to provide emergency support to any other fund that may require it and which would be repaid once the emergency had passed
  • Training and Learning. The T & L account covers activities such as the Junior Church, Minister's training (Spring School etc.), Elders training , etc.,

Funds.

Funds may be employed on any of the accounts . E.g. The Operational Account might contain General, Designated and Restricted funds. It is my intention at some stage after I have been running the new scheme for a little, and have become more familiar with it, to shew all three on each Account Report.

  1. Summary

We opened the year with a total of £61,160.35 in the bank and ended the year with £51,617.77. Our major payments were £35,828.00 to Mission and Service, £6,589.59 for the new piano, £4,497.71 Ministry Costs (Pulpit Supply, Expenses, etc.) and £6,021.56 H & L (Includes Monks’ Eleigh). We also repaid £15,000.00 of the interest-free loan, leaving a balance of £5,000.00 which we used to help purchase the piano.

Our major sources of income were £29,305.85 Lettings (£1,032.90 Monks’ Eleigh) , £27,016.64 Offerings and £11, 250.00 Rental.

1

Abbreviated Copy. Not audited.

Hadleigh URC Annual Finance Report 2016

  1. Income and Expenditure

Table one lists our Income and expenditure. Table two holds our Savings account.

Table 1. Current Account

Notes Below / 2015 / 2016
Restricted / Unrestricted / Totals / Restricted / Unrestricted / Totals
Offerings via Open Plate, Loose Cheques, etc. / 0 / £9,622.59 / £9,622.59 / £9,823.04 / £9,823.04
Offerings via Bank SO, . General / 0 / £14,340.00 / £14,340.00 / £15,523.00 / £15,523.00
Offerings via Bank SO. Buildings / £630.00 / 0 / £ 630.00 / £780.0 / £ 780.00
CAF / 0 / £500.00 / £ 500.00 / £890.00 / £ 890.00
Income Tax Repayable / 0 / £8,788.94 / £8,788.94 / £3,978.22 / £3,978.22
Lettings / 2 / 0 / £26,633.69 / £26,633.69 / £29,305.85 / £29,305.85
Rents / 2 / 0 / £6,750.00 / £6,750.00 / £11,250.00 / £11,250.00
Donations / 0 / £394.00 / £ 394.00 / £525.91 / £ 525.91
Funerals and Weddings / 0 / £280.00 / £ 280.00 / £517.00 / £ 517.00
Grants / 3 / £51,523.16 / 0 / £51,523.16 / £220.00 / £ 220.00
Miscellaneous / 0 / £2,113.07 / £2,113.07 / £6,528.31 / £6,528.31
Bank Interest Received / 0 / £130.00 / £ 130.00 / £0.00 / £ 0.00
Educational / 0 / £7,941.57 / £7,941.57 / £633.15 / £ 633.15
TOTAL INCOMING RESOURCES / £52,153.16 / £77,493.86 / £129,647.02 / £1,000.00 / £78,974.48 / £79,974.48
RESOURCES EXPENDED
M & S / £0.00 / £31,500.00 / £31,500.00 / £36,117.61 / £36,117.61
Ministry Costs & Misc / £0.00 / £4,103.75 / £4,103.75 / 11,412.71 / £11,412.71
Outreach / £0.00 / £3,147.40 / £3,147.40 / 829.12 / £ 829.12
£0.00 / £0.00 / £ 0.00 / £0.00 / £ 0.00
Pulpit Supply (Part of Ministry) / £0.00 / £0.00 / £ 0.00 / 0 / £ 0.00
Young People’s Learning Activities / £0.00 / £17,719.64 / £17,719.64 / £ / £489.35 / £ 489.35
Education Student / £1,447.94 / £0.00 / £1,447.94 / £0.00 / £0.00 / £ 0.00
Charity Payments / £1,954.05 / £0.00 / £1,954.05 / £2,015.11 / £2,015.11
Misc Costs / £0.00 / £1,057.78 / £1,057.78 / £0.00 / £ 0.00 / £ 0.00
Donations Payable / £0.00 / £0.00 / £ 0.00 / £ 0.00
Buildings Maintenance and Alterations Excl Manse / £0.00 / £25,116.88 / £25,116.88 / £4,449.17 / £4,449.17
Buildings Maintenance and Alterations Manse / £38,604.69 / £0.00 / £38,604.69 / £22,102.63 / £0.00 / £22,102.63
InsuranceChurch / £0.00 / £2,853.88 / £2,853.88 / 3,015.95 / £3,015.95
Manse Insurance / £0.00 / £684.48 / £ 684.48 / £0.00 / £ 0.00
Caretaking and Cleaning / £0.00 / £3,234.69 / £3,234.69 / £2,358.13 / £2,358.13
Heating & Lighting Excl Manse / £0.00 / £6,333.04 / £6,333.04 / £5,731.95 / £5,731.95
Communications / £0.00 / £0.00 / 0.00 / £2,059.32 / £2,059.32
Council Tax and Water Rates Excl Manse / £0.00 / £987.33 / £ 987.33 / £1,069.12 / £1,069.12
Manse Council Tax & Water Rates / £0.00 / £405.96 / £ 405.96 / £3,823.06 / £3,823.06
TOTAL RESOURCES EXPENDED / £42,006.68 / £97,144.83 / £139,151.51 / £22,931.75 / £72,541.48 / £95,473.23
NET RESOURCES / £10,146.48 / (£19,650.97) / £-9,504.49 / £-21,931.75 / £6,433.00 / £-15,498.75

Table 2 Savings Account

2015 / 2016
Transaction / Notes / Restricted / Unrestricted / Total / Restricted / Unrestricted / Total
Opening Balance / £6,603.57 / £4,928.16 / £11,531.73 / £6,603.57 / 12,864.03 / £19,467.60
Incoming / £0.00 / £0.00 / £ 0.00
VAT Relief / £2,274.81 / £2,274.81 / 0.00 / 0.00
Manse Rental / £5,531.06 / £5,531.06 / £0.00 / £ 0.00
Bank Interest / £130.00 / £ 130.00 / £156.58 / £ 156.58
Total Incoming / £6,603.57 / £12,864.03 / £19,467.60 / £ 0.00 / £ 156.58 / £ 156.58
Outgoing / £0.00 / £0.00 / £0.00
Transferred to Community a/c / £0.00 / £ 0.00
Total Resources expended / £ 0.00 / £ 0.00 / £ 0.00
Balance / £6,603.57 / £12,864.03 / £19,467.60 / £6,603.57 / £13,020.61 / £19,624.18

Table 3. Summary

2015 / 2016
Transaction / Opening Balance / Balance of Transactions / Year-end / Bank Statement at Year End. / Opening Balance / Balance of Transactions / Year-end / Bank Statement at Year End.
Table 1 / £57,126.83 / (£9,634.49) / £47,492.34 / £47,492.34 / £47,492.34 / (£15,498.75) / £31,993.59 / £66,959.94
Table 2 / £11,531.74 / £7,935.86 / £19,467.60 / £19,467.60 / £19,467.60 / £156.58 / £19,624.18 / £19,624.18
Totals / £68,658.57 / (£1,698.63) / £66,959.94 / £66,959.94 / £66,959.94 / £36,151.63 / £51,617.77 / £86,584.12

Movement between Allocations

Totals
From / To / Received
ACC / Reserve / £7,900.00 / Reserve / £7,900.00
ACC / Operations / £2,400.00 / Operations / £2,400.00
ACC / Fabric / £4,500.00 / Fabric / £4,500.00
ACC / Buildings / £1,900.00 / Buildings / £1,900.00
Reserve / ACC / £400.00 / ACC / £400.00
£17,100.00
£17,100.00

Allocations Totals

Name / 31/12/2015 / 31/12/2016
Ansell Centre / 542.44 / 482.18
Buildings Repairs and Improvements / 14,934.38 / 17,623.38
Fabric Fund / 29,535.72 / 12,186.02
General / 5,109.09 / 8,213.55
Reserve Fund / 14,684.70 / 11,184.70
Student and Young People's / 2,153.61 / 1,927.94
£66,959.94 / £51,617.77

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