Annual Parish Meeting April 2014 Treasurers Report Agenda - PowerPoint PPT Presentation

Annual Parish Meeting April 2014 Treasurer’s Report

Agenda � 2012-2014 income and expenditure – inc. standing order trends � Fund Balances – reserves in hand � Diocesan Budget – 2014 – where does our Parish Share go ?

2012-2014 General Fund Income Monthly standing orders � Category 2012 2013 2014 increased from £8,466 in Act Act Bud Dec’12 to £9,454 (11.7%) in £’000 £’000 £’000 Dec’13 Standing Orders 101.8 106.2 113.4 Tax recovered on 98.4% of � Envelopes 1.6 0.9 0.5 Standing Orders, and new Gift Aid rules from April Sundry Donations 5.8 9.7 4.8 allowed up to £5,000 cash Gift Day 9.2 0.0 0.0 Sundry Donations are one- Tax recovered 27.9 28.0 28.3 � off cheques (excluding Gift Cash Collections 5.4 5.2 4.8 Aid) CAF donations 4.1 4.0 3.6 Staff grants in 2012 and � Staff grant 7.5 5.0 0.0 2013 were towards D&W Building Lettings 14.6 18.5 18.0 Minister post Other (e.g. Fees & Interest) 0.8 1.0 1.0 Building lettings continue to � Total 178.8 178.5 174.4 be a very important source of income inc.£9k from Playgroup

£10,000 £5,000 £5,500 £6,000 £6,500 £7,000 £7,500 £8,000 £8,500 £9,000 £9,500 Trend of monthly standing orders since January 2006 Jan 06 Apr 06 Jul 06 Oct 06 orders since January 2006 Trend of monthly standing Jan 07 Apr 07 Jul 07 Oct 07 Jan 08 Apr 08 Jul 08 Oct 08 Jan 09 Apr 09 Jul 09 Oct 09 Jan 10 Apr 10 Jul 10 Oct 10 Jan 11 Apr 11 Jul 11 Oct 11 Jan 12 Apr 12 Jul 12 Oct 12 Jan 13 Apr 13 Jul 13 Oct 13 Jan 14

Trend of monthly standing orders since January 2010 £9,750 Trend of monthly £9,500 78 standing orders since January 2010 £9,250 £9,000 76 £8,750 Total Value No. of orders £8,500 74 £8,250 £8,000 72 £7,750 £7,500 70 £7,250 £7,000 68 £6,750 £6,500 66 Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan 10 10 10 10 10 10 11 11 11 11 11 11 12 12 12 12 12 12 13 13 13 13 13 13 14

Monthly change in total standing orders £800 £700 Monthly change in total Changes standing orders £600 Losses £500 Additions £400 Net Change £300 £200 £100 £0 Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan 10 10 10 10 10 10 11 11 11 11 11 11 12 12 12 12 12 12 13 13 13 13 13 13 14 -£100 -£200 -£300 -£400 -£500 -£600 -£700

2012-2014 Expenditure Category 2012 2013 2014 Parish Share paid in full for 2013 and � Act Act Bud committed for 2014 (£2.1k increase) – 53% of total spend £’000 £’000 £’000 Parish Share 82.0 83.0 85.1 Staff costs cover Office and Children & � Staff costs 41.0 41.6 20.4 Youth work (2012/13 inc.D&W post) Mission Support 15.6 14.7 15.5 Mission Support set at 10% of General � Equipment 3.0 8.0 2.4 Giving (PCC policy) Maintenance 14.5 3.9 4.8 Heating & Lighting 6.0 9.1 9.0 Equipment included £7.1k for new sound � desk (£6.6k covered by donations) Insurance 5.5 5.3 5.4 Cleaning 5.3 5.4 5.4 Maintenance back to normal (2012 was � Printing, Stationery, 4.1 4.6 4.4 alarm system and heating controls) Telephone Heating & Lighting up due to system control Music 2.0 2.1 2.4 � problems Church Events 1.8 1.8 1.2 Other 5.0 6.0 5.3 Other includes: Bank charges, Audit Fees, � Total 185.7 185.5 161.2 Altar Materials, Messy Church, Church Surplus/(Deficit) -6.8 -7.0 13.2 events Expenses are relatively fixed, other than paying the Parish Share

Fund Balances and Movements General Fund – � Fund Type Income Expense day-to-day (inc. (inc. 31 st expenses 1 st Jan tranf) tranf). Dec £ £ £ £ – £6.8k deficit 2012 and £7.0k in 2013 General 17,646 178,528 -185,484 10,690 – £13.2k surplus Designated 41,260 95,784 -95,563 41,481 projected 2014 Restricted 2,601 3,927 -3,900 2,628 Designated – � allocations from General Fund for Total 61,507 278,239 -284,947 54,799 specific purposes Transfers - -14,682 14,682 - Restricted – solely � Total excl. 61,507 263,557 -270,265 54,799 for defined transfers purposes

Designated Funds Playgroup: � Income – strong annual (inc. 31 st surpluses 1 st Jan tranf) Exp. Dec – allows £9,000 rent £ £ £ £ contribution Legacies 1,538 - - 1,538 – Desire to ensure top quartile salary levels Building 397 16 - 413 Mission income: � Playgroup 34,545 80,846 -78,643 36,748 – 10% of General Mission 2,825 14,682 -15,870 1,637 Giving (PCC) – most support paid Toddlers 1,955 240 -1,050 1,145 quarterly Total 41,260 95,784 -95,563 41,481

Restricted Funds Youth Worker Fund : 31 st � 1 st Jan Inc. Exp. Dec – regular donations £ £ £ £ now £260/month Youth 0 3,900 -3,900 0 Educational Fund � Worker – legacy trust Educational 2,467 27 - 2,494 Bell-ringing 134 - - 134 Total 2,601 3,927 -3,900 2,628

The Diocese Where does our Parish Share go ?

Diocese – 2014 budget expenditure Diocesan clergy costs 2013 ¡ 2014 ¡ � ¡ ¡ £’000 ¡ ¡ % ¡ £’000 ¡ ¡ % account for two-thirds of total ¡ ¡ total Parochial ¡Staff ¡ ¡ 3,774.7 ¡ 51.2% ¡ 3,931.8 ¡ 52.7% ¡ total expenditure Housing ¡and ¡Buildings ¡ ¡ 1,168.3 ¡ 15.8% ¡ 1,161.1 ¡ 15.6% ¡ Staff costs are down 6% � EducaDon, ¡Industry, ¡ 484.2 ¡ 6.6% ¡ 462.3 ¡ 6.2% ¡ from £4.2m in 2009 Social ¡Responsibility ¡ ¡ Diocesan ¡AdministraDon ¡ ¡ 667.0 ¡ 9.0% ¡ 677.2 ¡ 9.1% ¡ EI&SR is down 32% � NaDonal ¡Church ¡ 441.3 ¡ 6.0% ¡ 443.4 ¡ 5.9% ¡ from £676k – now a ResponsibiliDes ¡ ¡ Mission ¡& ¡Parish ¡ 443.6 ¡ 6.0% ¡ 402.4 ¡ 5.4% ¡ separate charity Development ¡Team ¡ ¡ Strategy ¡Delivery ¡ 186.6 ¡ 2.5% ¡ 124.4 ¡ 1.7% ¡ Total expenditure down � Other ¡ ¡(communicaDons, ¡ 212.2 ¡ 2.9% ¡ 263.5 ¡ 3.5% ¡ £331k (4.2%) from 2009 child ¡protecDon ¡etc.) ¡ ¡ ¡ Total ¡ ¡ 7,377.8 ¡ 100% ¡ 7,466.1 ¡ 100% ¡

Diocese – 2014 income Parish Share is the 2013 2014 � £’000 % £’000 % most important total total source of income for Parish Share 5,095 70.9% 5,161 71.7% paying the bills (71%) Trusts & Other 985 13.7% 995 13.8% Grants Parish share down � Investment 462 6.4% 434 6.0% from £6m in 2009 income Benefice Fee 408 5.7% 370 5.1% Benefice Fee income � income has increased Church 234 3.3% 234 3.3% Commissioner £271k deficit forecast � grants Total 7,184 100% 7,195 100% Deficit -194 -271