Posts tagged Treasurer; Money
As you view the pages of the Parish Accounts for 2012, you will notice that they show all the income and expenditure we had over the year.
Comparative figures are also given for 2011.
Our biggest source of income to run the parish comes from the money we give – whether that is by envelopes, by direct giving though the bank, or by the Sunday collection plate. In 2012 we gave £31,775 – up 3.9% on what we gave in 2011. This is a great effort in current economic times.
Unfortunately however, our expenditure on basic things such as gas and electricity rose even higher than this – so there were occasions in the year when we were actually overdrawn – giving rise to the bank charges shown in the accounts.
The church wardens and others who take responsibility for the care of our buildings have been very vigilant in trying to cut our costs – looking at everything from our utility suppliers to the cost of candles – and without this our costs would be even higher.
Thanks to all in the parish who have organised fund-raising events in the year. We all appreciate the hard work that these involve – whether that’s an event, or individuals selling cards, jewellery or other homemade items to raise money for us.
If anyone has any suggestions for fund-raising events, or ways in which we can save money, please speak to the wardens
If you have any questions about our accounts, please don’t hesitate to contact me.
Peter Rosser, Treasurer
March was one of those very much appreciated months where there are five Sundays in the month.
In total we gave £2,794 to the parish, of which £2,444 was by envelopes or Gift Direct and £540 in Sunday cash collections. This is compared to £2,236 by envelopes/Gift Direct and £318 by loose money in the same five week period in 2012.
In total £4,910 came into the Parish including £610 for wedding and funeral fees (collections of which brought in an extra £126) and £218 from the Easter raffle.
Thanks to all who supported this fund-raising venture. Thanks also to all those who supported the Lent Lunches and especially to those who organised and prepared them.
In total £326 was raised which will go to Christian Aid.
We spent £4,246 this month – most of which went on the ‘usual suspects’ of utility bills and our Diocesan Parish Share payment.
We have had to carry out repairs at St Tim’s (£320) and this week there will be an insurance assessment at St David’s that is sure to highlight some actions that we have to do to the building. So although this month we have had more funds coming in than has gone out, we cannot be complacent – it still costs a lot of money to keep our parish going.
Although I have said how good it was to have five Sundays in March, this does not affect anyone who gives by ’Gift Direct’ (i.e. donating to the parish directly from their bank account each month). These parishioners do not have to find extra money to give in the five Sunday month.
In March, £761 was given by ‘Gift Direct’- up by £192 on March last year, this is great to see as it shows that more people are using the scheme, making it easier for yourselves and makes mine and the Gift Aid secretary’s task a lot more manageable.
Don’t forget, if you are a tax-payer the ’Gift Direct’ tax is returned to the Parish immediately that month (in March we had £167 returned).
If you are interested in Gift Direct, please speak to a church warden.
Honestly, it is of benefit to everyone!
This month’s Finance Report is one of those with the ‘good news’ and then unfortunately the ‘bad news’.
This February we gave £2,800 to the Parish by means of envelopes and Direct Giving and there is an additional £360 received from Sunday cash collections.
In February 2012 we gave £1,878 by envelopes and Direct Giving and £1,028 in Sunday cash collections. So in total we gave £3,160 this February compared to £2,906 in February 2012, which is so very encouraging.
In addition this, we also received rental income from the Tuesday Eat & Meet cafe at St Timothy’s, which has contributed an extra £165. So with all other collections our total income to fund the Parish came to £4,070.
Unfortunately, our expenditure for February came to £4,177 – so we have spent slightly more than what has come in.
This is disappointing as we have worked hard at cutting back in all areas of spending, and are so very careful in managing our day to day housekeeping; yet despite quite significant cuts in expenditure and an almost frugal conservation of everything we use, we have not managed to live within our budget again this month. Oh dear!
The first two Lent lunches have brought in £100 which will go to ‘Christian Aid’. Well done to all the team who prepare, cook and serve such delicious, but simple Lenten meals. You’re doing a fantastic job!
For January we had a total income of £5,045 – this includes all the money we gave to the parish in our donations, funeral fees, collections at baptisms and funerals, rent from the hire of St Tim’s and other fund raising activities – it also includes a rebate of £1,798 from the Diocese for paying our full share commitment last year.
The total expenditure for the month came to £4,026 – so we actually managed to pay our way in January – which we would not have done without the rebate from the Diocese.
In January, we in the Parish gave £2,161 (by means of direct giving, envelopes and loose collections on Sundays), which is down by almost £800 on January of last year, when we gave £2,957. There were only four Sundays in January 2013 as compared to five Sundays in January 2012 – but even if this is taken into consideration, our giving is down on last year.
Our final accounts for the full year to 31 December 2012 are currently being prepared. Preliminary results show that in 2012 we gave £29,091 to the parish (by direct giving, envelopes, Sunday collections). This is down 5 per cent on what we gave in 2011 (£30,578).
This year, 2013 is going to be another difficult year for us financially.
We are already seeking new (i.e. cheaper) suppliers for altar supplies and stationery and we will continue to seek the best value on any goods or services we buy.
If anyone has any suggestions on how we can save money – or raise extra income, please let me or the churchwardens know.
Peter Rosser, Treasurer
For the month of November we gave £2,254 to the Parish by way of gift envelopes, loose collection and Bank Direct giving. This works out at £563 per week – about the same as was given in November of last year.
It is a bit down on what we gave in the previous month of October this year (£620 per week) – but a up on what we gave in September (£536).
Our total income for the month was £5,790 including £629 from the All Hallows lunch and raffle and £331 from the Virtual Fair concert.
A huge thanks to everyone who helped organise and deliver these events – all those who attended them have said that they both were a lot of fun and very, very enjoyable.
Initial receipts into to the Virtual Fair amount to £960 (so far) - if you haven’t yet got around to making your donation, you’re not too late to make it! Last year we received our final donation on Boxing Day!
Last year our Virtual Fair Donations & Concert made £1,761.
This year (so far) the donations and concert have brought in £1,291 – so we have a fair way to go to match last year’s giving.
Finally, our expenditure for the month came in at £1,850 as we have not paid our Share Commitment (£2,998). However with the Virtual Fair money and the expected rebate for Gift-Aid on our giving, I hope that we can pay our outstanding Share commitment in December.
For October we gave £2,481 to the Parish by way of gift envelopes, loose collection and Bank Direct giving. This works out at £620 per week.
In September we gave the equivalent of £536 per week- so thank you to all who have been able to give that little bit more; it really does make a great difference.
In October 2011 we gave the equivalent of £580 per week.
In total, our income for October was £4,836 including receipt of rents of £345, wedding and funeral fees of £895 and money from collections at baptisms, weddings and funerals of £437.
As explained last month, we have temporarily postponed our Share Commitment to the Diocese and so our expenditure for October was lower than September. In total we spent £2,364. Most of this was spent on heating our two churches.
At the time of writing, it is too early yet for the money raised by the,
‘Eve of All Hallows, Parish Lunch’
. . and Parish raffle to have been paid into the account – but thanks to all who supported this event and also to those who helped to make it a
The next big event in which we are hoping for ‘phenomenal support’ is our regular November Virtual Fair (details on p9), so please support this event, if you able. If you are not able to attend the ‘Cabaret’ itself, hopefully you’ll remember the pledge representing your 40 pence or so a week, that you have hopefully been putting aside in order to donate it to the Virtual Fair.
For September our direct giving into the Parish was £2,680 by way of envelopes, loose collections or Direct Bank payments (Gift Direct). This figure does sound substantial, however it is down on September 2011 when we gave £2,807.
Taking into consideration the income generated by Baptism collections, Weddings and Funerals, our total income for September came to £4,320 compared to £4,826 for September last year; down £500 over the same period. The surprising thing is that during this period, outside income from Baptisms, Weddings and Funerals is up on the same period last year, yet our actual income is down.
Our expenditure came to £4,879 which is down on September 2011 by careful housekeeping (Last September expenditure was £5,066), but despite being as frugal as we can, it has still caused us difficulty with the bank and unfortunately we have been in the embarrassing position of having had a number of our cheques rejected by the bank. Another unheard of event.
We have had to take the decision to suspend our ‘Share commitment’ for October and November as we will not be able to pay the money we owe the Diocese.
In total so far this year we have spent £52,000. That seems a lot – but we have cut back expenditure wherever we can – in the 9 months to end of September 2011 we spent £60,000 – so significant savings have been made this year.
However our income for the nine months to end of September only came in at £48,400. This includes all weekly/monthly giving, rental income and fund raising activities. This is a shortfall of £3,600 over the year just to September.
In total, so far this year our actual weekly/monthly giving has been £21,995 – the same period last year we gave £23,417 – which represents a drop of 6 per cent.
Please support the Virtual Fair and Parish Raffle – we really need all the money we can generate if we as a Parish are to survive.
If YOU can think of any other fund raising activities – please let us know!
Times are difficult – we all want to make sure we get the best value for money and most of us have to economise where we can. The same applies to our Parish as we have managed to bring expenses down to £5,300 – which is £800 less than our expenses in August 2011. This is really marvellous and clearly shows that savings are being made wherever possible.
The bad news however is that income for August was down on last year, as we only received £4,100 – the bottom line being that we have again had to go overdrawn.
We gave £2,322 to the Parish in August.
This was made up of £1,906 from weekly envelopes and Gift Direct (Direct Debits) and £416 from our Sunday collections.
This is also down on August 2011 when we gave £2,439 to the Parish.
The biggest source of income in August was from wedding and funeral fees, which came in at £1,020 and there was a further £373 from collections at the weddings, baptisms and funerals.
Summary and Look Forward:
August has been another month when we have been unable to pay our way which means that we have again been unable to pay our Share commitment to the Diocese.
We really do need to bring more money into the Parish if we are going to survive.
Note from the Editor
Often I am guilty of simply glancing briefly at the Treasurer’s Report, (Sorry Peter) but as I was ‘editing’ this report I must admit to some shock and concern about the current financial situation.
To hear that we have been unable to pay our ‘monthly dues’ to the Diocese, is particularly worrying, as this is a first for our Parish, which has always managed to pay its way.
Just like all debts, these will not just disappear; they must be ‘addressed’.
I do ask that you read and reflect on this report.
First the Good News.
The Virtual fair and Annual Prize Draw have again been very well supported. The Virtual Fair raised £1,416 (2010: £1,304) and the Prize Draw £469 (2010: £495).
(Note: it is anticipated that there are still some Virtual Fair donations still to be made — see page 20.)
Huge thanks to all who have supported these fund raising activities and to Darren and all those others who organised them.
Our ‘regular’ income was also good this month. Direct giving (envelopes and direct bank giving) came to £2,187 (2010: £1,877) and the loose Sunday collections came to £325 (2010: £337). We also received rent with regard to St Timothy’s, a very important source of income, of £265.
Our expenses for the month were £4,222 – up by 11% on November 2010 – and will certainly go up again in 2012.
At present we are just about paying our way each month with regard to our monthly payment to cover the Diocesan Share and also our utility costs – although our expenditure for repairs and maintenance can be extremely high! The costs of repairing the damage done following the recent break-in at St Timothy’s is covered by insurance – but of course we will have to pay the first £250 ourselves.
2012 is going to be a challenging year.
In September we gave £2,004 to the Parish by way of envelopes, Sunday lose collections and the regular Gift Direct (direct debit scheme).
This was the major component of our total income for the month of £3,700. Unfortunately expenditure was £4,100.
Now this is not an unusually high figure for our monthly outgoings – our Share Commitment (to the Diocese), utility bills for both churches and altar supplies all add up and are quite a significant figure.
It is true to say that we still rely heavily on the extra income of those five Sunday months, to cover the shortfall on the four Sunday months.
[If anyone has any fund raising ideas, please let the wardens know.]
We have now reached the end of the third quarter of 2011 – isn’t time flying!
For the nine months to the 25th September 2011 we had a total income of £51,650 and of that, we spent £51,060 – so we are only just covering our costs.
People are generous – and the total that we have given via the weekly envelopes, Sunday collections and the regular Gift Direct has risen from 2010 – we have given £22,300 for these last nine months compared to £21,200 in 2010 – however looking further back to 2009, for the same period we gave £22,200!
Therefore, in a direct comparison with that year, there has only been an increase of £100 – particularly worrying at a time when costs are going up for everyone.
Nevertheless it is essential that the Parish is able to meet its financial obligations and for this reason the emphasis must be placed on the concept of regularity in giving.