ALL SAINTS’ UPPER CLATFORD

 

Statement of Financial Activities

 

For the year ended 31 December 2013

 

                                                General     Fabric   Endowment        Totals                    

                                                           Fund        Fund       Fund            2013         2012                        

                                                               £              £               £                 £              £

Income                                                                              

Planned giving                                   13,103           -               -           13,103        13,884

Collections                                          1,608           -               -             1,608          1,723

Donations and legacies                        3,731       1,905           -             5,636          1,738

Wedding, memorial & funeral fees      4,705           -               -             4,705          2,927 

General fundraising                             2,342           -               -             2,342           6,195

Gift aid                                                3,873            -               -             3,873          4,039

Share of magazine profit                     1,500            -               -             1,500          1,000

Benefice expense refund (Note 2)           -               -               -                  -             1,650

Income from Endowment Fund                -             555            -                555             541

Other income                                          699          -                -                699             871

                                                          ________________________________________

Total income                                    31,561      2,460           -            34,021        34,568                            

Expenses

Parish share                                      23,460            -               -           23,460        22,810

Benefice expenses                              3,550            -               -             3,550          3,450

Fees                                                       937            -               -                937             505

Electricity (Note 3)                                   7            -               -                    7          2,070

Insurance                                            1,711            -               -             1,711          1,645

Donations                                              500            -               -                500          1,523

Church/churchyard maintenance              -          4,655            -             4,655          3,617

Other expenses                                      537            -               -               537             936

        _________________________________________

Total expenses                                30,702       4,655            -           35,357        36,556

                                                        _________________________________________

Net surplus/(deficit)                          859       (2,195)            -          (1,336)      (1,988)

Revaluation of Endowment

    Fund investments (Note 4)                -               -           2,554          2,554              70                    

                                                        _________________________________________

Net movement in funds                       859      (2,195)       2,554          1,218      (1,918)

Opening funds at 1 January                1,015        4,405      11,594        17,014      18,932                                                      ________________________________________

Closing funds at 31 December        1,874       2,210      14,148         18,232     17,014                                    _________________________________________

 

 

Statement of Assets and Liabilities at 31 December 2013

 

                                           General       Fabric    Endowment                 Totals

                                             Fund            Fund         Fund             2013                2012

                                                £                  £                £                    £                      £

                                                              (Note 4)     (Note 5)

 

Bank accounts                     1,874           2,210              -                4,084               5,420

Cof E Investment Fund            -                 -             14,148           14,148             11,594

                                      __________________________________________________

Net assets/funds                  1,874           2,210       14,148           18,232             17,014

                                      __________________________________________________

 

 

Notes:

 

(1)  The financial statements have been prepared on an accruals basis.

 

(2)  In 2012 a refund of benefice expenses was received. This refund arose from payments in prior years being in excess of the total benefice requirement.

 

(3)  The expense for electricity is arrived at after deducting £1,313 income from electricity generated from solar panels.

 

(4) The Fabric Fund is primarily for the use of maintaining the fabric of the Church.

 

(5) The Endowment Fund comprises the Thomas Redman 2004 bequest. This is a permanent endowment which requires income to be spent on maintenance of the Churchyard. The Endowment Fund is invested in the CBF Church of England Investment Fund. The Investment is included in the accounts at market value at the year-end.

 

Independent examiner’s report

 

This report on the 2013 financial statements of All Saints’ Upper Clatford is in respect of an examination carried out under Regulation 3(3) of the Church Accounting Regulations 2006 (“the Regulations”) and s.28 of the Charities Act 2006 (“the Act”).

 

Basis of this report

 

My examination was carried out in accordance with the General Directions given by the Charity Commission under the Act. The examination includes a review of the accounting records and a comparison of the financial statements with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the financial statements.

 

Independent examiner’s statement

 

In connection with my examination, no matter has come to my attention:

 

(1)  which gives me reasonable cause to believe that in any material respect the requirements

 

·       to keep accounting records in accordance with section 41 of the Act; and

·       to prepare financial statements which accord with the accounting records and comply with the requirements of the Act and the Regulations have not been met; or

 

(2)  to which, in my opinion, attention should be drawn in order to enable a proper 

understanding of the financial statements to be reached.

 

 

 

 

TC Wilson FCA

The Old Rectory, Upper Clatford                                                 28 February 2014

 

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