THE 2017 ALL SAINTS TREASURER S REPORT

THE 2017 ALL SAINTS TREASURER S REPORT JANUARY 24, 2018 Registered Charity No 1173187

Contents Financial Review... 2 Thanks... 3 2017 Year End Income and Expenditure with comparison with previous year... 4 2017 Year End Assets with comparison with previous year... 5 Analysis of Assets by Fund for 2017 Year End.... 7 Independent Examiner's Report to the trustees of the Parochial Church Council of All Saints Braunston... 8 Page 1 of 9

Financial Review I am pleased to report that our financial position is good. On first inspection of the 2017 Year End Income and Expenditure with comparison with previous year report, it would appear our income is approximately half that of a year ago. Total income for 2017 was 84,705 compared with 169,934 for 2016. However you will notice in 2016 we received a grant of 47,300 for the provision of a Parish nurse, and 43,784 for help with the roof. These both being one off exceptional incomes. If we were to remove the help with the roof repair and grants for both year s income then for 2017 it would be 83,280 compared with 78,850 for 2016. This gives a much healthier picture. You will notice also Planned Giving has increased by 13.7% compared with 2016. This is very pleasing as in 2016 we missed our Growth Action Plan target of 10% increase. A fantastic achievement, thank you. On the expenditure side, if we remove Roof repair expenses which was obviously an exceptional one off, and Parish Nurse Costs, which currently is being financed from a grant, our expenses of 71,703 compares with 77,786 for 2016. We should not be overly concerned at our 2017 deficit of 8,075, as this includes 14,403 parish nurse costs which is financed from a grant from the Diocese. As in previous years, we should be very proud that we have paid our Parish Share, in full. So in summary we are in a healthy position. We have a policy that if possible we tithe our Planned Giving to Missionary and Charitable Giving. This has been incorporated into the expenditure but will be discussed later. We use the Accrual method of accounting, which considers the cost and income incurred/earned in the year, regardless of when the money was actually received/paid. So in the assets you will notice adjustments for Prepayments, Unearned BVN advertising, Accrual payments and Liabilities. The 2017 Year Assets with comparison with previous year show we have total Cash at Bank and in hand of 117,407.66. Of this 19K is held in a Lloyds instant access account, 37K in a Lloyds Treasures account, and 61K in Church of England, Central Board of Finance accounts. I mentioned previously that we have a policy tithing our planned giving. Various charities have been selected for giving, but this was not done before year end, and hence is shown as a liability. This earmarks the money and reserves it, until time allows us to make the selected donations. Please refer to the Analysis of Assets by Funds for 2017. This shows our assets by the various funds. The funds that have depleted are Parish Nurse Fund, this is to be expected as the grant is consumed. The Choir Outing fund. The fund for electricity supply at the back of the church which is as expected and this work is now complete. All other fund have either increased or remain the same. It is the PCC policy to try to maintain a balance of unrestricted funds which is in excess of approximately two months unrestricted payments. This is to cover emergency situations that may arise from time to time. Our Monthly unrestricted payments are currently around 6.5K. Our unrestricted funds are 62.7K, and hence we have comfortably met this criteria. The Independent Examiners report is shown at the end of the report. Many thanks to Geoff Waghorn. Page 2 of 9

During 2017 we registered with the Charities Commission. Last year we were asked to do this as our Income exceeded 100k. The coming year will present challenges:- Two of the windows require mayor repair. However the Friends of All Saint have come to our rescue again, and are prepared to cover most of the costs. We hope to have an Audio Visual system installed. The PCC have agreed that if needed this cost should come out of our reserves. We plan to do alternations to have tidy up the back of the church. It is hoped that with the support of the Friends, and yourselves, that we will be able to take on these Challenges. Thanks I would like to thank:- All the Side Persons for their work processing the collection money. Colin Allen and Colin White for processing the Gift Aid Envelopes Mary Driver at Peterborough for processing the Standing Orders Pat Milner for processing other miscellaneous donations such as the Wall Safe Colin Allen for processing the registration of All Saints to the Charity Commission. Jacqui Lancaster for processing the Fees to the PCC (Marriage and Funeral fees) Fergus McCloghry for taking on the role of Stewardship. The Friends of All Saints for their continued support. The whole of the congregation for their continued generosity. Page 3 of 9

2017 Year End Income and Expenditure with comparison with previous year Jan - Dec 17 Jan - Dec 16 Change % Change Income Braunston Village New s 4,108.08 3,139.92 968.16 30.83% Fees Paid to PCC 7,263.00 11,625.80-4,362.80-37.53% Fundraising for All Saints 7,401.33 7,144.48 256.85 3.6% Fundraising for other charities 137.29 140.37-3.08-2.19% Grants 312.00 47,300.00-46,988.00-99.34% Income - help w ith Roof repair 1,112.62 43,784.29-42,671.67-97.46% Income from investment 245.86 343.17-97.31-28.36% Income in lieu of Rent 415.00 752.00-337.00-44.81% Other receipts 562.00 0.00 562.00 100.0% Other Voluntary Income 11,290.51 10,093.53 1,196.98 11.86% Planned giving 51,857.70 45,610.59 6,247.11 13.7% Total Income 84,705.39 169,934.15-85,228.76-50.15% Gross Profit 84,705.39 169,934.15-85,228.76-50.15% Expense BVN 3,828.00 3,899.00-71.00-1.82% Church Fabric Major Improvemnts 2,147.34 1,430.88 716.46 50.07% Church maintenance 2,929.23 2,918.06 11.17 0.38% Church Management & Admin 403.67 1,816.87-1,413.20-77.78% Church Running Expenses 6,965.00 7,234.73-269.73-3.73% Cost of generating voluntry inc 60.73 53.06 7.67 14.46% Ministry 44,147.36 49,318.80-5,171.44-10.49% Missionary & Charitable Giving 5,081.46 4,561.06 520.40 11.41% Other Expenditure 41.12 10.00 31.12 311.2% Parish Nursing 14,402.64 2,176.29 12,226.35 561.8% Roof Repair Expenses 6,675.72 136,480.20-129,804.48-95.11% Salaries, Wages & Honararia 3,181.65 3,084.00 97.65 3.17% Support Costs 670.66 1,400.00-729.34-52.1% Upkeep of Services 2,246.57 2,059.37 187.20 9.09% Total Expense 92,781.15 216,442.32-123,661.17-57.13% Surplus for the Year -8,075.76-46,508.17 38,432.41 82.64% Prepared by Peter D Hobbs; Examined by Geoffrey B Waghorn; Dated. Dated. Page 4 of 9

2017 Year End Assets with comparison with previous year 31 Dec 17 31 Dec 16 Change % Change ASSETS Other Assets Church Yard Fund 351.90 351.90 0.00 0.0% Treasury Stock 2 1/2% IND-LNK 795.22 795.22 0.00 0.0% Total Other Assets 1,147.12 1,147.12 0.00 0.0% Current Assets Other Current Assets Prepayments of Expenses Music Lience 26.45 344.96-318.51-92.3% Parish Nurse Ministry Fees 412.50 0.00 412.50 100.0% Youth Church NAYC affiliation 45.00 0.00 45.00 100.0% Total Prepayments of Expenses 483.95 344.96 138.99 40.3% Total Other Current Assets 483.95 344.96 138.99 40.3% Accounts Receivable David Gooden Ltd 200.00 200.00 0.00 0.0% Sheaf Street Health Store 70.00 35.00 35.00 100.0% Terminator Pest Control Ltd. 0.00 100.00-100.00-100.0% Village Meats 40.00 40.00 0.00 0.0% Total Accounts Receivable 310.00 375.00-65.00-17.3% Cash at bank and in hand CBF Contingency CBF Choir Fund 250.00 250.00 0.00 0.0% CBF Contingency - Other 8,150.02 7,627.80 522.22 6.8% Total CBF Contingency 8,400.02 7,877.80 522.22 6.6% CBF General Fund 4,528.69 4,515.98 12.71 0.3% CBF General Restoration Fund 123.34 122.99 0.35 0.3% CBF Parish Nurse General Funds 15,925.02 1,117.52 14,807.50 1325.0% Parish Nurse Funds 31,635.09 46,309.13-14,674.04-31.7% Total CBF Parish Nurse 47,560.11 47,426.65 133.46 0.3% Lloyds Business Instant Acc 19,128.32 19,118.72 9.60 0.1% LloydsTreasurer's Account Choir Outing Fund 234.28 644.94-410.66-63.7% Elect Supply for Back of Church 0.00 250.00-250.00-100.0% Lloyds Unallocated 28,302.09 33,145.38-4,843.29-14.6% Reserved Inside Refurbishment 1,820.03 1,594.43 225.60 14.1% Sheila Row ley Fund 7,144.73 5,444.73 1,700.00 31.2% Youth Church Account 66.05 66.05 0.00 0.0% Total LloydsTreasurer's Account 37,567.18 41,145.53-3,578.35-8.7% Petty Cash Accounts 100.00 200.00-100.00-50.0% Total Cash at bank and in hand 117,407.66 120,407.67-3,000.01-2.5% Total Current Assets 118,201.61 121,127.63-2,926.02-2.4% Page 5 of 9

2017 Year End Assets with comparison with previous year (continued) 31 Dec 17 31 Dec 16 Change % Change Current Liabilities Other Current Liabilities Accrual payment re Christingle 0.00 72.41-72.41-100.0% Accrual Payment re Parish Nurse 0.00 1,058.77-1,058.77-100.0% Accrual Payments Church Admin - Photocopier 111.61 0.00 111.61 100.0% Parish Nurse Costs 1,066.41 0.00 1,066.41 100.0% Running Costs - Electricity 881.55 0.00 881.55 100.0% Total Accrual Payments 2,059.57 0.00 2,059.57 100.0% Unearned Income re BVN Adverts 390.87 472.68-81.81-17.3% Unspent 2016 Charitable Giving 1,035.11 1,813.41-778.30-42.9% Unspent 2017 Charitable Giving 5,081.46 0.00 5,081.46 100.0% Total Other Current Liabilities 8,567.01 3,417.27 5,149.74 150.7% Total Current Liabilities 8,567.01 3,417.27 5,149.74 150.7% NET CURRENT ASSETS 109,634.60 117,710.36-8,075.76-6.9% TOTAL ASSETS LESS CURRENT LIABILITIES 110,781.72 118,857.48-8,075.76-6.8% NET ASSETS 110,781.72 118,857.48-8,075.76-6.8% FINANCED BY Prev. Year's Closing Net Assets 118,857.48 165,365.65-46,508.17-28.1% Plus current year's surplus -8,075.76-46,508.17 38,432.41 82.6% Giving Yeat End Assets 110,781.72 118,857.48-8,075.76-6.8% Prepared by Peter D Hobbs; Dated. Examined by Geoffrey B Waghorn; Dated. Page 6 of 9

Analysis of Assets by Fund for 2017 Year End. The amount of Total Assets shown on the balance sheet of 110,781.72 is the total of All the Funds for which the PCC is responsible. These funds can be further categories as Unrestricted Funds General Funds available to be used to support all of the Church Activities. Designated Funds Previously we have referred to these as Reserved Funds. These Funds are earmarked for a particular activity / project, but in extraordinary circumstances the PCC may agree they could be used for other activities. Restricted Funds - which are assigned to a particular project. If not spent on that project the PCC is obligated to return those funds. The Total Assets are broken down as follows Restricted Funds 2017 2016 Difference Parish Nurse For provision of Parish Nurse 30,981 45,250-14,269 Designated Funds Church Yard Church Grave Yard Maintenance 352 352 0 Choir Fund Providing Facilities for Choir 250 250 0 Contingency Reserves 8,150 7,628 522 General Restoration Restoration 123 123 0 Choir Outing Outings for Choir 234 645-411 Elect Supply at Back Back of Church Elect Supply 0 250-250 Inside Refurbishment Inside Refurbishment / Re-Ordering 1,820 1,594 226 Sheila Rowley Used at discretion of Vicar to help those in need 7,145 5,445 1,700 Youth Church Account Money raised by Youth Church, held for them 66 66 0 Unrestricted Funds General Funds To Support All Church Activities 61,661 57,254 4,407 Total Assets 110,782 118,857-8,075 Prepared by Peter D Hobbs Dated. Examined by Geoffrey B Waghorn Dated. Page 7 of 9

Independent Examiner's Report to the trustees of the Parochial Church Council of All Saints Braunston I report on the accounts of the PCC for the year ended 31 December 2014, which are set out in this report. Respective responsibilities of the trustees and the examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is required to ensure confidence in the charity's activities. It is my responsibility to: examine the accounts under section 43 of the 1993 Act; to follow the procedures laid down in the general Directions given by the Charity Commission under section 43(7)(b) of the 1993 Act, and To state whether particular matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below. 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 1993 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act have not been met; or (2) to which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Geoffrey Waghorn 15 Greenway Braunston Daventry Northamptonshire NN11 7HP 12 February 2018 Page 8 of 9