Parochial Church Councils Affiliated to the Bell Repair Fund 2001

The Association is grateful to the following PCCs for their continued support of the Fund:
 

Bell Repair Fund Secretary's Report for 2001.

In contrast to the previous year, the first year of the new century saw a rush of new applications for financial help from the Fund. No less than seven parishes in the diocese made applications: all have accepted offers from the Fund.

Grants were offered to: Belper and Clay Cross towards refurbishment of clappers, crown staples and attention to the frames; to Etwall to replace 3 of the cast-in crown staples; to Scarcliffe to refurbish the existing 5 and augment to 8 by adding 3 bells to vacant pits in the existing frame; and similarly, to Brackenfield towards restoring the existing 3 and augmenting to 6 in a new frame.

Stanton-in-Peak PCC is to replace completely its derelict ring by 6 bells from redundant churches, in a new steel frame. It is hoped that the old bells - basically too large for the tower, and also of poor tonal quality - will be used, after retuning, in a larger tower elsewhere. The PCC was offered a loan in addition to a grant.

Additionally, the Association offered to buy a bell to bring Morley up to 4, the parish paying for its fittings and installation.

There was an application from Wetton PCC, in the Staffordshire part of the Peak National Park. Regrettably, our status as a registered charity prevented our making a monetary offer outside the Diocese of Derby.

(More details of the grants and loan can be found in the accounts, and more details of the work involved in the Bell Consultants' Report.)

In complete contrast to the previous year (2000), when the expenditure was almost nothing, in 2001 it climbed to a record high of £11,410 in grants, plus a commitment to provide a loan of £3,000. (See Note 2 in the accounts.) The expenses too are much higher, due to the steep increase in the mileage covered by the bell consultants in their busiest year ever.

Of the new grants offered, those to Belper and Etwall have been paid upon completion of the work, as has the grant to Old Whittington, outstanding from 2000. The additional bell for Morley has been purchased by the Fund, and the grant to Clay Cross is expected to be paid early in the New Year. The other grants (and the loan) should be paid in 2002, but some may slip into 2003.

The grant offer to Sandiacre lapsed, making the money available for use elsewhere. This is equivalent to receiving income, so it appears in the accounts under Income. Nearly all the other items on that side show decreases. PCC fees are less, mainly owing to catching up on late payments in 2000; covenants slightly down because of lapsed payments or expired deeds but offset by Gift Aid donations; peal fees down as fewer peals rung; the transfer from the General Fund down this year. The value of our investments fell by £232 over the year, but this is not too bad - it is less than one per cent of the £27,000 invested - and it is mitigated by the interest earned of £1,643 (£291 higher).

The balance sheet shows the Fund's assets at the year-end, including the money owed to the Fund (Sundry Debtors, e.g. tax refunds) and that owed by the Fund (Sundry Creditors, e.g. the unpaid grants and the expenses). Roundly, the Fund's assets decreased by £3,500 to £22,400, of which the cash uncommitted to specific use (see Note 4) is £19,200.

Balance Sheet – at 31 December 2001
 

£	2000			1999
Current Assets
Stock of Badges - at cost	139.52			142.40
Investments - C.B.F.	27436.88			26026.02
Cash at Banks and in Hand	3316.43			939.30
Sundry Debtors	1920.82	32813.65		2239.56	29347.28
Current Liabilities
Unpaid Grants - Note 2	9900.00			3100.00
Sundry Creditors	502.53	10402.53		286.41	3386.41
Net Assets		22411.12			25960.87
Represented by
Accumulated Fund
Brought Forward 1st January		25960.87			19356.25
Loss of income over Expenditure for the Year (Excess in 2000)		-3549.75			6604.62
		22411.12			25960.87

Note 1 - Fund Raising
 

£	2001	2000
Sales of Artefacts from Old Bellframes		111.20
Sales of Badges		12.06
Bookstall Sales		21.40
Teaching Books and Reports		26.00
Sales of Christmas Cards		18.50
Profit from Teas	79.00	16.56
Quiz Evening	110.00
Raffle	40.00
Chesterfield District Treasure Hunt	15.00
Derby District Car Tour	8.00
Anon	2.00
	258.64	205.72

Note 2 – Grants
 

£	Unpaid  1 January		Grants cancelled		New Grants during year		Grants paid during year		Unpaid 31 December
Sandiacre	3000.00		3000.00		~		~
Old Whittington	100.00		~		~		100.00
Belper					160.00		160.00
Etwall					450.00		450.00
Bell for Morley					900.00		900.00
Brackenfield					4000.00				4000.00
Clay Cross					400.00				400.00
Scarcliffe					2500.00				2500.00
Stanton in Peak					3000.00				3000.00
	3100.00		3000.00		11410.00		1610.00		9900.00

 

Note 3 - Loans in 2001

During the year a loan of £3000.00 was offered to Stanton in Peak. It is expected to be paid in 2002 and to be repaid in 2004. At the end of the year there were no other loans on offer or awaiting repayment.

Note 4 - Uncommitted Cash at end of 2001

After paying outstanding grants and creditors, available cash is £20350.78, to which can be added debtors of £1920.82, making a total of £22271.60. Of this, £3000.00 is committed as a loan (see note 3) leaving £19271.60 uncommitted to specific use.

We have examined the above Income and Expenditure Account and Balance Sheet, which are in accordance with the books, vouchers and information made available to us.

R.A. Meads & I. Clarke – Independent Examiners