BELL REPAIR FUND TREASURER'S REPORT

During the year, the grants to Hartington, Youlgreave and Burbage were all paid out (see Note 2 to the accounts). Since all were granted in 2006, they appear as expenditure in that year's accounts. Nevertheless, the last two grants, together with the loan to Hartington (see Note 3) were paid early in the year and depleted our capital to the extent that the interest we received was reduced. Compared to 2006, most other income sources were about equal, or lower. (For example, Peal fees and Investment income. However, it is pleasing to see that the value of the investments, although still less than a year ago, was on the rise at the end of the year.)

Noteworthy exceptions were PCC fees and Donations and Fundraising. It is particularly pleasing that ringers, collectively and individually, are still supporting the Fund - as Note 1 shows. I was glad to receive a donation from a firm of accountants, Coleman Bradshaw, who had chosen the BRF for their annual donation to charity; also one from our bank in compensation for losing two cheques paid in by the BRF. Compared to 2006, the total income was about £700 higher, whereas the expenditure was roughly similar: this was mainly due to the total grants at £1100 being exactly the same (though, of course, to different towers). The excess of income over expenditure was about 700 higher. In the balance sheet, please note that the loan to Hartington is shown as an asset. This is because the cash has been lent, not given, and is repayable (due January 2009). It is temporarily not available, so (Note 4) shows that £24,138 is readily available cash for use by the Fund on aid to the diocese's bells.

Brian A. Tomlinson

Bell Repair Fund Income & Expenditure Account - Year Ended 31st December 2007

   
2007
 
2006
Income
 
£
£
P.C.C. Affiliation fees
1,340.00
1,240.00
Donations and Fund Raising - Note 1
600.92
644.08
Gift Aid Scheme
484.12
356.25
Grant from General Fund
1,000.00
1,000.00
Peal Fees
202.00
292.00
Bank Interest
37.11
46.87
Investment Income - CBF
1,669.04
1,910.01
Loss in Value of Investments
-332.72
-1,105.04
Bank donation to offset loss of cheques
11.00
~
Total receipts  
5,011.47
 
4,384.17
Expenditure
 
 
 
 
 
£
£
£
£
Grants - Note 2
1,100.00
1,100.00
To cost of writing off the badges (at cost)
118.16
Bell Consultants' Expenses
150.65
178.53
 
BRF Secretary's Expenses
54.41
50.65
 
BRF Treasurer's Expenses
17.82
222.88
12.11
241.29
 
Total expenditure
 
1,322.88
 
1,459.45
 
Excess of income over expenditure
3,688.59
 
2,924.72
 
 
 
BELL REPAIR FUND BALANCE SHEET - 31ST DECEMBER 2007
 
 
 
2007
 
2006
Current assets
£
£
£
£
Stock of Badges - at cost
0.00
0.00
 
Investments - CBF
27,247.12
38,410.80
 
Loan to Hartington
10,000.00
 
Cash at Banks and in Hand
2,091.73
4,151.57
 
Sundry Debtors
596.21
39,935.06
596.21
43,158.58
 
Current liabilities
 
Unpaid Grants - Note 2
1,500.00
8,400.00
 
Sundry Creditors
0.00
1,500.00
12.11
8,412.11
 
Net assets
 
38,435.06
 
34,746.47
 
Represented by
 
£
 
£
Accumulated Fund
 
Brought Forward 1st January
34,746.47
31,821.75
Excess of Income over Expenditure for the Year
3,688.59
2,924.72
 
Carried Forward 31st December
38,435.06
 
34,746.47

 

Note 1 - Donations and Fund Raising.
2007
2006
£
£
Youlgreave Dedication Service
75.00
~
Tower Ringers: Ashbourne
35.00
~
Tower Ringers: Dore
20.00
~
Tower Ringers: Winster
~
10.00
PCCs (Calow 2007, Blackwell 2006)
50.00
20.00
St Marmaduke Soc. of Ringers
50.00
~
Individual Donations
15.50
29.05
Proceeds of Sales of Badges (Cost £0.00)
8.00
~
Proceeds of Sales of Badges (Cost £0.89)
~
0.61
Bookstall Sales
5.00
16.70
Teaching Books: The Whiting Society
~
32.75
Charity Catalogue sales
209.37
188.51
Matching "£ for £" for Charity Catalogue items
~
188.51
Central & Southern Districts Barn Dance, Brailsford
~
141.95
Chesterfield District events
66.05
~
Southern District event
10.00
~
Profit from Teas at meetings
~
16.00
Sale of flowers at Annual Dinner
17.00
~
Messrs Coleman Bradshaw
40.00
~
 
600.92
644.08

 

Note 2 - Status of Grants in 2007.
Unpaid
Cancelled
Granted
Paid
Unpaid
1st Jan.
in year
in year
in year
31st Dec.
£
£
£
£
£
Hartington PCC
5,000.00
~
~
5,000.00
~
Youlgreave PCC
2,400.00
~
~
2,400.00
~
Burbage PCC
600.00
~
~
600.00
~
Riddings PCC
400.00
~
~
~
400.00
Alvaston PCC
~
~
800.00
~
800.00
New Whittington PCC
~
~
300.00
~
300.00
 
8,400.00
0.00
1,100.00
8,000.00
1,500.00

 

Note 3 - Status of Loans in 2007.

During the year the loan of £10,000 to Hartington was taken up. It is repayable by January 2009. The loan of £5,000 to Youlgreave was not taken up and that of £500 to Hatton was withdrawn. A loan of £3,700 was offered to Alvaston PCC. At the end of the year there were no other loans on offer or due for repayment.

Note 4 - Uncommitted Cash at the end of 2007.

After paying outstanding grants and creditors (and ignoring debtors and loan repayment) the readily available cash is £27,838.85; of this £3,700 is for the offered loan (Note 3), leaving £24,138.85 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, Irene Clarke Independent Examiners.