ALL SAINTS’ UPPER CLATFORD

 

Statement of Financial Activities

 

For the year ended 31 December 2011

 

                                                General     Fabric   Endowment        Totals                    

                                                           Fund        Fund       Fund          2011         2010                        

                                                               £              £               £                 £              £

Income                                                                              

Planned giving                       14,348           -               -           14,348        12,835

Collections                                          1,625           -               -             1,625          3,338

Donations and legacies                       2,502          502           -             3,004          2,638

Wedding, memorial & funeral fees     2,487           -               -            2,487          5,371 

General fundraising                             3,747           -               -            3,747          2,494

Fundraising for solar panels              10,089           -               -          10,089             -

Gift aid                                                6,838           -               -            6,838          3,115

Share of magazine profit                     1,000           -               -             1,000          1,200

Income from Endowment Fund                -             536            -                536             533

Other income                                          508         272            -                780               44

                                                          ________________________________________

Total income                                    43,144      1,310           -            44,454        31,568                            

Expenses

Parish share (Note 2)                       22,218            -               -           22,218       21,063

Benefice expenses                              4,200            -               -             4,200         4,200

Fees                                                       926            -               -                926            288

Electricity                                          1,680            -               -             1,680         1,050

Insurance                                            1,328            -              -             1,328            965

Maintenance                                           -              791            -                791           340

Donations                                           2,240            -              -             2,240            200

Churchyard maintenance                        -              875            -                875         1,306

Solar panels                                       9,996            -               -            9,996             -

Sound system                                          -               -               -                 -                 -  

Other expenses                                      306          405            -                711            555

         ________________________________________

Total expenses                                42,894       2,071            -           44,965       29,967

                                                        _________________________________________

Net income/ (deficit)                          250        (761)            -             (511)         1,601

Revaluation of Endowment

    Fund investments (Note 4)                -               -           (706)          (706)            821                    

                                                        _________________________________________

Net movement in funds                      250        (761)        (706)       (1,217)         2,422

Opening funds at 1 January                 634       7,285     12,230        20,149        17,727                                                      ________________________________________ Closing funds at 31 December          884      6,524      11,524        18,932       20,149                                                    _________________________________________

 

 

ALL SAINTS’ UPPER CLATFORD

 

 

Statement of Assets and Liabilities at 31 December 2011

 

                                           General       Fabric    Endowment                 Totals

                                             Fund            Fund         Fund             2011                2010

                                                £                  £                £                    £                      £

                                                              (Note 3)     (Note 4)

 

Bank accounts                        884           6,524           -                  7,408              9,469

Cof E Investment Fund            -                 -             11,524           11,524             12,230

                                      __________________________________________________

Total cash/investments          884            6,524       11,524           18,932             21,699

 

Accruals                                   -                  -               -                      -                 (1,550)                 

                                    ___________________________________________________

 

Net assets/funds                   884          6,524       11,524            18,932             20,149

                                    ___________________________________________________

 

 

Notes:

 

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

 

(2) The allocated Parish share for the year was £22,218 (2009 £20,984). The shortfall of £758 in 2010 was not paid or accrued due to the lack of available resources in the General Fund.

 

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

 

(4) 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.

 

ALL SAINTS’ UPPER CLATFORD

 

Independent examiner’s report

 

This report on the 2011 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                                      [x] February 2012

 

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