In contrast to the previous year, the expenditure of the Fund was greater than its income. This was due to the awarding of grants to the PCCs of Hayfield, Hartington and Youlgreave. The grant to Hayfield was paid within the year, whereas those to Hartington and Youlgreave will be paid out in 2006. (See Note 2 in the accounts. ) Additionally loans were offered, but not paid out, to the last two PCCs. (Note 3. ) Following recognised practice, the grants are shown as expenditure in the year they were granted. The other items of expenditure (expenses) are basically in line with previous years.
On the income side, most items were also in line with those of previous years, though there were some falls. Noteworthy good items include a donation from the St Peter's ringers in Derby and one from Idridgehay PCC, following an inspection and report from the bell consultants.
Fund raising continues at the same total level, with support from The Whiting Society, the district events and the charity catalogue sales (with the associated matching funding) . The grant from the General Fund was back to £1000, peal fees were up a little and (also good news) the investments increased in value after two years of decline. In general, the total income was about the same as in 2004.
As a result of the grants, the expenditure exceeded the income by over £2,000 and this is reflected in the decrease in the net assets (to £31,821.75) . Of these assets, £15,000 is promised in loans; it is acknowledged that the stock of badges (valued at £119.05) cannot be converted into cash readily: hence, allowing for these factors leads to approximately £16,700 being available for awarding as grants and loans in the future. (See Note 4. )
Brian A Tomlinson
The Derby Diocesan Association of Church Bellringers Bell Repair fund Income and Expenditure Account - Year ended 31 December 2005
2005 |
2004 |
||||
Income |
£ |
£ |
£ |
£ |
|
P.C.C. Affiliation Fees |
1140.00 |
1370.00 |
|||
Donations |
|||||
Bequests |
~ |
500.00 |
|||
> Derby St Peter's ringers |
15.00 |
~ |
|||
> PCCs |
25.00 |
0.00 |
|||
> Personal Donations |
30.00 |
70.00 |
202.95 |
702.95 |
|
Fundraising - Note 1 |
698.46 |
688.82 |
|||
Covenant & Gift Aid Schemes |
296.70 |
321.25 |
|||
Grant from General Fund |
1000.00 |
500.00 |
|||
Peal Fees |
399.00 |
330.50 |
|||
Bank Interest |
33.34 |
27.72 |
|||
Investment Income - CBF |
1776.90 |
1847.92 |
|||
Gain in Value of Investments (loss in 2004) |
436.60 |
-144.53 |
|||
Duplicate Receipt |
20.00 |
||||
Total Receipts |
5851.00 |
5664.63 |
|||
Expenditure |
|||||
Grants - Note 2 |
7600.00 |
150.00 |
|||
Bell Consultants' Expenses |
252.79 |
164.05 |
|||
Secretary's Expenses |
45.67 |
83.31 |
|||
Treasurer's Expenses |
11.39 |
309.85 |
14.10 |
261.46 |
|
Refund of duplicate receipt |
~ |
20.00 |
|||
Total Expenditure |
7909.85 |
431.46 |
|||
Loss of income over expenditure for the year (Excess in 2004) |
-2058.85 |
5233.17 |
|||
Balance Sheet - at 31 December 2005 |
|||||
2005 |
2004 |
||||
Current Assets |
£ |
£ |
£ |
£ |
|
> Stock of Badges - at cost |
119.05 |
119.94 |
|||
> Investments - CBF |
37605.83 |
30392.33 |
|||
> Cash at Banks and in hand |
887.05 |
2792.12 |
|||
> Sundry Debtors |
621.21 |
39233.14 |
596.21 |
33900.60 |
|
Current Liabilities |
|||||
> Unpaid Grants - Note 2 |
7400.00 |
0.00 |
|||
> Sundry Creditors |
11.39 |
7411.39 |
20.00 |
20.00 |
|
Net Assets |
31821.75 |
33880.60 |
|||
Represented By |
£ |
£ |
£ |
£ |
|
> Accumulated Fund |
|||||
> Brought Forward 1 January |
33880.60 |
28647.43 |
|||
> Excess of Income over Expenditure for the Year |
-2058.85 |
5233.17 |
|||
Carried Forward 31 December |
31821.75 |
33880.60 |
|||
Note 1 - Fund Raising
2005 |
2004 |
|||
£ |
£ |
|||
> Badges (Sold at £1.50 - Cost £0.89each) |
0.61 |
13.42 |
||
> Bookstall Sales |
~ |
21.85 |
||
> Teaching Books: Sherbourne Teaching Aids |
~ |
27.00 |
||
> Teaching Books: Whiting Society |
19.00 |
~ |
||
> Profit from teas at meetings |
98.00 |
99.67 |
||
> Chesterfield District Quiz Evening |
9.75 |
70.50 |
||
> Chesterfield District Car Treasure Hunt |
30.00 |
15.00 |
||
> Chesterfield District Car Tour |
16.10 |
~ |
||
> Derby District Barn Dance 2003 - Note 5 |
~ |
93.15 |
||
> Derby District Quarter Peal Day |
10.00 |
~ |
||
> Derby District Quiz Evening |
50.00 |
~ |
||
> Charity Catalogue Sales |
232.50 |
116.23 |
||
> Matching funds '£ for £' for Catalogue Sales |
232.50 |
116.00 |
||
> Matching funds: Bar proceeds 2003 (Note 5) |
~ |
116.00 |
||
698.46 |
688.82 |
|||
Note 2 - Status of Grants in 2005
Unpaid 1 Jan |
Cancelled in Year |
Granted in Year |
Paid in Year |
Unpaid 31 Dec |
|
£ |
£ |
£ |
£ |
£ |
|
Hartington PCC (provisional Offer) |
~ |
~ |
5000.00 |
~ |
5000.00 |
Hayfield PCC |
~ |
~ |
200.00 |
200.00 |
~ |
Youlgreave PCC |
~ |
~ |
2400.00 |
~ |
2400.00 |
0.00 |
0.00 |
7600.00 |
200.00 |
7400.00 |
Note 3 - Status of Loans in 2005
During 2005, a provisional offer was made to Hartington PCC of a loan of £10,000.00; and an offer was made to Youlgreave PCC of a loan of £5,000.00.
At the end of the year, neither loan had been paid and there were no other loans on offer or awaiting repayment.
Note 4 - Uncommitted Cash at end of 2005
After paying outstanding grants and creditors, the available cash is £31,702.70. From this can be deducted £15,000.00 for the promised loans making a total of £16,702.70 uncommitted to specific use.
Note 5- Change in accounting practice.
From 31.12.2002, amounts that might attribute to a current year's account, but are not paid or received in that year are not included. They will appear in a following year's accounts.
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