Hadleigh, Suffolk United Reformed Church

Minister : The Rev'd Bryn Rickards

www.hadleighurc.org.uk

Telephone 01 473 829 197

eMail Minister

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Hadleigh and Monk’s Eleigh URC Monthly Finance Report.
September 2017
.

Registered Charity, No 1151084.
There was an operational Surplus of £7,556.14  This was mainly due to a temporary bridging loan of £15,000.00 we had taken out that I mentioned in last month’s report.

Summary.

 

Last Period

Present Period

Notes

Income

£   4,277.00

£  24,037.61

 

Expenditure

£  20,100.66

£  16,481.47

 

Cash Flow

(£15,823.66)

£7,556.14

 

Operational (Old General Fund)

 

Last Period

Present Period

Notes

Income

£3,393.96

£2,851.73

 

Expenditure

£4,058.71

£4,450.38

 

Cash-Flow

£ 241.93

(£1,598.65)

 

Balance of Fund after Net Flow and Transfers

£2,783.86

£2,165.21

£1,000.00 transferred from the ACC.

 

Last Period

Present Period

In/Out

Notes

Offerings

£2,715.96

£2,078.23

In

 

Church Lettings

£  58.00

£  472.00

In

Church lets only

School House Rent

£  0.00

£  0.00

In

Paid quarterly.

HOME Lettings  Monks’ Eleigh

£  0.00

£  0.00

In

 

Charity

 

 

Out

 

Heating and Lighting

£  389.55

£       0.00

Out

 

M & M

£3,151.60

£3,037.80

 

 

Further details are available on the August Spreadsheet. Click on Cashflow.

Reserve

 

Last Period

Present Period

Notes

Misc Purchases

 

 

 

Balance of Fund after Net Flow and Transfers

£ 1,384.70

£ 1,384.70

£9,500.00 transferred to Buildings and £1,000.00 to Operations.

Training & Learning 

 

Last Period

Present Period

Notes

Income

£  52.05

£  52.05

ARK.

Expenditure

£    0.00

£    0.00

 

Cash-flow

£  52.05

£  52.05

 

Balance of Fund after Net Flow and Transfers

£1,539.51

 

£1,459.67

.

Ansell Centre

 

Last Period

Present Period

Notes

Income

£   460.00

£ 2,290.00

Exclusively  lettings.

Expenditure

£   659.92

£   282.48

 

Cash-Flow

(£ 199.92)

£2,007.52

 

Balance of Fund after Net Flow and Transfers

£  482.36

 

 

£ 1,489.88

$£1,000 transferred to Operations.

Buildings .

 

Last Period

Present Period

Notes

Income

£   0.00

£ 18,895.88

£15,000 Bridging Loan from Synod. £3,895.88  grant from Viridor.

Expenditure

£15,332.03

£11,445.41

 

Cash-Flow

(£15,332.03)

£7,450.47

 

Balance of Fund after Net Flow and Transfers

£24,861.35

 £32,311.82

Enhanced by the Synod loan.

Fabric.

 

Last Period

Present Period

Notes

Income

£   370.00

£   0.00

.

Expenditure

£    50.00

£  223.36

 

Cash-flow

£ 320.00

(£ 223.36)

 

Balance of Fund after Net Flow and Transfers

£  6,390.98

£  6,488.61

 

Summary of Accounts


Ansell Centre

£  1,489.88

Buildings

£ 32,311.82

Fabric

£  6,488.61

Operations (Formerly General)

£  2,165.21

Reserve

£  1,384.70

Training & Learning

£  1,459.67

 

£45,299.89

Summary of Funds


Fund

In

Out

Balance

General

£  5,141.73

£  5,036.06

£ 105.67

Designated

£        0.00

           0.00

£   0.00

Restricted

£  18,895.88

£   11,445.41

£7,450.47

Balance

£24,037.61

£16,481.47

£7,556.14

Opening Balance

 

 

£37,743.75

Monthly Balance Inc Bank Interest

0.00

 

£7,556.14

Closing Balance

 

 

£45,299.89

 Summary of Bank at the Month-End. (Barclays)


Current a/c (Community Account)

£25,673.83

Savings (Business 10 Day Notice)

£19,626.06

Total

£45,299.89

Movement of Cash between Allocations


ACC to Operations

£1,000.00

 

 

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.

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.
General. May be employed as required without restriction/

Designated May also be employed as required but may sometimes require the authorisation of the Elders
Restricted May only be employed for the purpose agreed with the donator. Restrictions are typically applied when we receive a grant.

Description of the worksheets
Detailed Cash-flow is the one I have just described. Bank Details describes our bank status. Column P is the one of interest. The Bank Summary and Funds summarises our bank accounts (as in Bank Details col P), and the Buildings and General Funds. You will note that we have paid quite a number of bills from the church G/F, some of which will be covered by other grants.
The Spreadsheet opens at the 'Bank Summary and Funds work-sheet' (Please click 'No' when asked to 'update links to other sources'). This worksheet lists our bank balances and funds
Ronnie Howson, Treasurer.
Home Tel. No. 01 473 310 169
Mobile Tel No. 0774 025 8155
15 October 2017.