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

increased from £8,466 in Dec’12 to £9,454 (11.7%) in Dec’13

• Tax recovered on 98.4% of

Standing Orders, and new Gift Aid rules from April allowed up to £5,000 cash

• Sundry Donations are one-
• ff cheques (excluding Gift

Aid)

• Staff grants in 2012 and

2013 were towards D&W Minister post

• Building lettings continue to

be a very important source

• f income inc.£9k from

Playgroup

Category 2012 Act 2013 Act 2014 Bud £’000 £’000 £’000 Standing Orders 101.8 106.2 113.4 Envelopes 1.6 0.9 0.5 Sundry Donations 5.8 9.7 4.8 Gift Day 9.2 0.0 0.0 Tax recovered 27.9 28.0 28.3 Cash Collections 5.4 5.2 4.8 CAF donations 4.1 4.0 3.6 Staff grant 7.5 5.0 0.0 Building Lettings 14.6 18.5 18.0 Other (e.g. Fees & Interest) 0.8 1.0 1.0 Total 178.8 178.5 174.4

Trend of monthly standing orders since January 2006

£5,000 £5,500 £6,000 £6,500 £7,000 £7,500 £8,000 £8,500 £9,000 £9,500 £10,000 Jan 06 Apr 06 Jul 06 Oct 06 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

• rders since January 2006

Trend of monthly standing orders since January 2010

66 68 70 72 74 76 78 £6,500 £6,750 £7,000 £7,250 £7,500 £7,750 £8,000 £8,250 £8,500 £8,750 £9,000 £9,250 £9,500 £9,750 Jan 10 Mar 10 May 10 Jul 10 Sep 10 Nov 10 Jan 11 Mar 11 May 11 Jul 11 Sep 11 Nov 11 Jan 12 Mar 12 May 12 Jul 12 Sep 12 Nov 12 Jan 13 Mar 13 May 13 Jul 13 Sep 13 Nov 13 Jan 14 Total Value

• No. of orders

Trend of monthly standing orders since January 2010

Monthly change in total standing orders

• £700
• £600
• £500
• £400
• £300
• £200
• £100

£0 £100 £200 £300 £400 £500 £600 £700 £800 Jan 10 Mar 10 May 10 Jul 10 Sep 10 Nov 10 Jan 11 Mar 11 May 11 Jul 11 Sep 11 Nov 11 Jan 12 Mar 12 May 12 Jul 12 Sep 12 Nov 12 Jan 13 Mar 13 May 13 Jul 13 Sep 13 Nov 13 Jan 14 Changes Losses Additions Net Change

Monthly change in total standing orders

2012-2014 Expenditure

• Parish Share paid in full for 2013 and

committed for 2014 (£2.1k increase) – 53%

• f total spend
• Staff costs cover Office and Children &

Youth work (2012/13 inc.D&W post)

• Mission Support set at 10% of General

Giving (PCC policy)

• Equipment included £7.1k for new sound

desk (£6.6k covered by donations)

• Maintenance back to normal (2012 was

alarm system and heating controls)

• Heating & Lighting up due to system control

problems

• Other includes: Bank charges, Audit Fees,

Altar Materials, Messy Church, Church events

Expenses are relatively fixed, other than paying the Parish Share

Category 2012 Act 2013 Act 2014 Bud £’000 £’000 £’000 Parish Share 82.0 83.0 85.1 Staff costs 41.0 41.6 20.4 Mission Support 15.6 14.7 15.5 Equipment 3.0 8.0 2.4 Maintenance 14.5 3.9 4.8 Heating & Lighting 6.0 9.1 9.0 Insurance 5.5 5.3 5.4 Cleaning 5.3 5.4 5.4 Printing, Stationery, Telephone 4.1 4.6 4.4 Music 2.0 2.1 2.4 Church Events 1.8 1.8 1.2 Other 5.0 6.0 5.3 Total 185.7 185.5 161.2 Surplus/(Deficit)

• 6.8
• 7.0

13.2

Fund Balances and Movements

• General Fund –

day-to-day expenses

– £6.8k deficit 2012 and £7.0k in 2013 – £13.2k surplus projected 2014

• Designated –

allocations from General Fund for specific purposes

• Restricted – solely

for defined purposes Fund Type

1st Jan £ Income (inc. tranf) £ Expense (inc. tranf). £ 31st Dec £ General 17,646 178,528

• 185,484 10,690

Designated 41,260 95,784

• 95,563 41,481

Restricted 2,601 3,927

• 3,900

2,628 Total 61,507 278,239

• 284,947 54,799

Transfers

• 14,682

14,682

• Total excl.

transfers 61,507 263,557

• 270,265 54,799

Designated Funds

• Playgroup:

– strong annual surpluses – allows £9,000 rent contribution – Desire to ensure top quartile salary levels

• Mission income:

– 10% of General Giving – most support paid quarterly

1st Jan £ Income (inc. tranf) £ Exp. £ 31st Dec £ Legacies 1,538

• 1,538

Building 397 16

• 413

Playgroup 34,545 80,846 -78,643 36,748 Mission (PCC) 2,825 14,682 -15,870 1,637 Toddlers 1,955 240

• 1,050

1,145 Total 41,260 95,784 -95,563 41,481

Restricted Funds

• Youth Worker Fund :

– regular donations now £260/month

• Educational Fund

– legacy trust

1st Jan £ Inc. £ Exp. £ 31st Dec £ Youth Worker 3,900

• 3,900

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

account for two-thirds of total expenditure

• Staff costs are down 6%

from £4.2m in 2009

• EI&SR is down 32%

from £676k – now a separate charity

• Total expenditure down

£331k (4.2%) from 2009

2013 ¡ 2014 ¡ ¡ ¡ £’000 ¡ ¡ % ¡ total ¡ ¡ £’000 ¡ ¡ % total Parochial ¡Staff ¡ ¡ 3,774.7 ¡ 51.2% ¡ 3,931.8 ¡ 52.7% ¡ Housing ¡and ¡Buildings ¡ ¡ 1,168.3 ¡ 15.8% ¡ 1,161.1 ¡ 15.6% ¡ EducaDon, ¡Industry, ¡ Social ¡Responsibility ¡ ¡ 484.2 ¡ 6.6% ¡ 462.3 ¡ 6.2% ¡ Diocesan ¡AdministraDon ¡ ¡ 667.0 ¡ 9.0% ¡ 677.2 ¡ 9.1% ¡ NaDonal ¡Church ¡ ResponsibiliDes ¡ ¡ 441.3 ¡ 6.0% ¡ 443.4 ¡ 5.9% ¡ Mission ¡& ¡Parish ¡ Development ¡Team ¡ ¡ 443.6 ¡ 6.0% ¡ 402.4 ¡ 5.4% ¡ Strategy ¡Delivery ¡ 186.6 ¡ 2.5% ¡ 124.4 ¡ 1.7% ¡ Other ¡ ¡(communicaDons, ¡ child ¡protecDon ¡etc.) ¡ 212.2 ¡ 2.9% ¡ 263.5 ¡ 3.5% ¡ ¡ ¡ Total ¡ ¡ 7,377.8 ¡ 100% ¡ 7,466.1 ¡ 100% ¡

Diocese – 2014 income

• Parish Share is the

most important source of income for paying the bills (71%)

• Parish share down

from £6m in 2009

• Benefice Fee income

has increased

• £271k deficit forecast

2013 2014 £’000 % total £’000 % total Parish Share 5,095 70.9% 5,161 71.7% Trusts & Other Grants 985 13.7% 995 13.8% Investment income 462 6.4% 434 6.0% Benefice Fee income 408 5.7% 370 5.1% Church Commissioner grants 234 3.3% 234 3.3% Total 7,184 100% 7,195 100% Deficit

• 194
• 271