Abingdon Society of Bell Ringers
Financial Statement for year-end 31 December 2013
Contents:
- Commentary
- Statement of Financial Activities (SOFA)
- Balance Sheet
- Notes to the accounts
- Alternative presentation of accounts
Commentary
Statement of Financial Activities
When we receive donations from visitors to our towers, we are accepting the money on behalf of the churches concerned. We have to account to the churches for their donations and anything we feel we may spend out of those donations on behalf of the churches.
The money belonging to our two churches and to our Society may be seen as columns on the left hand side of the Statement of Financial Activities (or SOFA).
The total of those three columns may be seen on the right hand side, together with the corresponding amounts for the previous year. Those two columns show that both our income and our costs as a society are higher than the previous year. Our deficit for 2013 is £24 (2012 surplus £111), and our net current assets stand at £3,268 (2012 £3,292). However this doesn’t tell us much. We need to investigate the accounts one fund at a time, which may be seen most effectively in the Alternative Presentation of the accounts.
The St Helens Fund income comes from visitors and peal fees, £274 (2012 £305), but we spent £220 of this on the insurance of the St Helens handbells and on some bits and pieces for the tower leaving a surplus of £53 (2012 deficit £17) contributing to the balance on the fund of £1,366 belonging to St Helens. I have not yet paid this to St Helens bell fund toward the cost of the new seating in the ringing chamber (£1,402, paid for out of the church bell fund).
The St Nicolas fund had income from visitors and peal fees of £24 (2012 £79), which increased the balance in the fund to £197 after spending £4 on a new rubbish bin for the ringing chamber.
The General (or Ringers) Fund shows the money belonging to our society. This year, as usual, most of our income came from the part of wedding income we keep back. The surplus on weddings was £359 (2012 £254), on average £21 per wedding.
Due to an oversight on my part, the £200 donation to the ODG and £200 to the North Moreton appeal were not paid in 2013 (2012 £100 to ODG Bell fund plus donation to St Nicolas bell fittings £200). I intend to add last year’s donations to our donations voted at the April 2014 AGM.
I am glad that in 2013 our handbell tune ringing activities made a £64 (2012 £67) surplus.
Overall the General (or Ringers) Fund had a deficit of £98 (2012 surplus £49) in the year and a fund total of £1,704.
If you have any questions about the accounts, please do ask me.
Susan Read, Treasurer, Abingdon Society of Bell Ringers, April 2014
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