Page 4
TREASURER’s REPORT - YEAR ENDED 31st DECEMBER 2021  SUMMARY The annual accounts are prepared on a receipts and expenditure basis. The total income for the year ended 31st December 2021 was £65,025 and total expenditure was £65,076 resulting in a deficit of £51 for the year.  Total funds held in the three bank accounts were £56,562 at the 31stDecember 2021, a decrease of £2,658 compared with the 31stDecember 2020. At the end of 2021 there were reserves of £32,493 compared with £26,492 at the end of 2020, an increase of £6,001. These funds are available if required. The Covid-19 pandemic again presented a significant challenge in managing the church finances. Prudent management of our expenditure coupled with an increase in Direct Giving has enabled us to cope with a much lower contribution from other income which we receive in a normal year from Fundraising, Church Room Lettings and Parochial Fees.   INCOME Our income came from six main sources: •	Direct Giving  •	Church Room Lettings •	Fundraising  •	Parochial Fees (PCC) •	VAT Refund •	Organ Appeal  In a normal year 30% of our income comes from Church Room Lettings, Fundraising and Statutory Fees and in 2021 the income received from these three sources was just 15% of our total income.  Direct Giving – this includes the Parish Giving Scheme (PGS), planned giving, collections, donations, and tax refunds from Gift Aid and the Small Donations Scheme. Direct Giving was £31,186 in 2021 compared with £27,626 in 2020. Direct Giving was up by £3,560 which is very encouraging given the closure of the church for services for three months at the beginning of 2021. However, it should be noted that the Gift Aid receipt of £8,210 included £2,420 from the donations to the Organ Appeal and adjusting for this the increase in Direct Giving was 4.1%. Church Room Lettings – the income from Lettings was £2,082 in 2021 compared with £1,610 in 2020. Lettings restarted in July and understandably have been at a much lower level than in previous years. The White Swan Academy is the main hirer of the Church Room and accounts for over 60% of our income from Church Room Lettings.
Download Accounts 2020 Download Accounts 2020