## **St Catherines Church Burbage** 

## **Financial Report Year Ending 31 December 2023** 

The financial accounts for the year to 31[st] December 2023 shows the following, with a comparison to 2022: 

|to 2022:|||
|---|---|---|
||**2023 (£)**|**2022 (£)**|
|Income|121,206|119,909|
|Expenses|121,688|105,297|
|Profit/Loss|-482|14,612|
|Assets|57,326|45,201|
|Liabilities|40,359|27,752|



So, as you can see the income is up slightly and expenses are substantially higher which has led to an operating loss in 2023 of £482, which considering the economic climate I consider to be well within the ability to manage and function. 

You will also note that we have assets exceeding liabilities.  The main assets is the balance in the bank accounts along with monies owed in gift aid from HMRC.  The liabilities are made up mainly of expenditure incurred in 2023 yet not paid until 2024 as well as outstanding fees payable to the diocese. 

The main source of income is, as we are all aware, from giving, weddings, and funerals and it has been an up and down year for this. 

Many of you will recall my talk to the congregation in August on giving in conjunction with my note in the notices in June when I showed that on the current rate of giving at that time we would be in severe financial trouble sooner rather than later, topped off with a projected shortfall of @£6,073 in giving for 2023. 

Since then the projected shortfall went from that to: 

September £7,622 November £5,180 December £3,871 Actual shortfall 

So by digging deep into your pockets we have managed to make a significant dent into the shortfall for or main sources of income. 

In addition, we have also had some super results in our fundraising activities with profits raised on the following: 

Christmas Fayre £2,967 Burns Supper £1,270 Irish Evening: £    447 Rectors Ball £2,081 



In addition to this we discovered that we are eligible to reclaim any VAT that we pay on building repairs, so a refund was claimed and paid of £2,768. 

All of our obligations were met apart from some outstanding fees owed to the diocese for weddings and funerals, and the Parish Gift was paid in full along with the balance of the loan from St Peters which has enabled us to increase the balance in our reserve bank account to £15,500. 

It is also worth noting that we are still maintaining payments of £1,000 per month into this account along with a standing order to the diocese of £2,000 per month for the parish gift. 

Once again it has been an eventful financial year which we have survived and my thanks once again go to all the congregation, Father Andrew and the finance team. 

**Tim Neal** Treasurer 



St Cathgrln8s Church Burbag8
Flnanclal Roport Ygar Endlng 31 Docombor 2023
The financial accounts lor the year to 31 si De(£mber 2023 shows the following, with
a c(xnparison to 2022."
20231£)
121.206
121,688
482
57,326
40,359
20221£)
119.909
105,297
14,612
45,201
27,752
Incorne
Expenses
ProfiVLoss
Assets
So, as you can see the income is up slighvy and expenses are substantially higher
which has led to an operatiThJ knss in 2023 of£482, whth considerirKJ the economic
dimate I consider to be well within the abilty to manage and functKJn.
You will also note that we h8ve assets exceeding liabilities. The rn8in assets IS the
balance in the bank accounts akjng with monEs owed in gift aid from HMRC. The
liabilities are made up mainly of expenditure incurred in 2023 yet mt paid until 2024
as well as outstandin9 fees payable to ihe diocese.
The main sour(% of income is. as we are all aware, from giving, weddings, and
funerals and it has been an up and down year lor this.
Many ol you will recall my talk to the congregation in August on giving in conjunction
with my note in the notices in June when I showed that on the current rate ol giving
at that time we would be in severe finanaal trouble sooner rather than later. topped
off with a projected shortfall of @£6,073 in giving for 2023.
Sirr* then the projected shortfall went frcffj that to.
Septernber £7.622
November
È5.180
December £3,871
Actual shortfall
So by diggingdeep into your pocketswe have m8nage(J to m8k8 a signrficantdent into
the 8hortf811for or main sources of income.
In aijdition. we have 8180 had some sup8r re8ults in ourlundr8i$ingactivitig$with profits
raised on theloiiowing-.
Chnstmas Ftyra
Burns Supper
Irish Evenin&
Rectors Ball
£2.967
£1.270
£ 447
g2.081

In addition to this w8 discovered thatwe are 81igib18 to r8ciaim 8ryVATthatwe pay on
building repairs. so a refunij w8s cLaim8d and paid of £2.768.
All of our obligationswere met apartfrom sorne outstsndingfees owed to the diocese
forwedding5 8nd funer8is. and the Parish Grtwas paid in full 8longwith the ba18nce of
the loan from St Peter5which has enabled usto incre890 the balance in our reserve
bank account 10 £15,500.
It IS 8Lso worth notingthatwe aT8 Still maintaining paym8ntsof £1,000 per rnonth into
this account 8longwith 8 stsnding orderto the diocese of £2.000 per rmonth forthe
parish gift.
Once again tt h85 been an eventful fin8ncialyear which we have survwed and mythank5
once again 80 to sllthe congregation, F8thèrAndrew and thefinanee team.
Tim Ng8l
Tr8asLJrer

St Cath￿￿•$ Church
An•ty•l• of Incomg and oxp•ndlturo
$91g¢tgd pgrlod: 01 Jjnuary 2023 to 31 Dgc•rnbgr 2023
Tfrtal
eomln9
111*)10- F8esfNw￿dln￿
fLhiwals
11073
12073
16.(lJg
724
1>%15- RoYR(￿
01(W)10-Gin knj-standlng Oi
01(WO.Glft *&l.W¢•kty Envowb
021M)1o.Othww￿d gwlng-
SlaTh*ingOrdws
441
25.383
441
25,383
2Z,243
124
124
1414
1414
Vl8&kly Env81opas
5.172
1,861
O3W15.C0n￿ROCOYts
¢)YY)20.GII ￿ Ehv•lOPO•.
0￿0.¢01￿￿7￿ atWéddlry&
Fumrals
1,e45
FLYd Ra￿Ing
18
547
10.011
o8￿10.TaX￿￿ ￿GIft￿
10.thhwthythgener•tsJ
OXWO. 14è*AyCMrth
11175
11175
810
810
oirth5- PLAnMJMJU8ILEE
EVENTS
e78
12&)
OM￿S. DONATIC*IS ¢HRISTUS
REX REFURB
0￿￿5. PlaDNmRos0 Gatthn
StA)rbSorS￿p
0￿5. Datfodlknmm
0￿￿30. May F•yT•
O￿O- N4lnl
138
182
f&)100-Ch[islTh￿ Fa￿•
(&)105. 8aeof*kn
(&)120. 1(M)c
0￿120.
135-
OW140- lrfbh
IfJ)270.CottÈb&C*•&
1443
2.gn
24
1.997
2213
2,213
11012
12012
4.014
525
120120-ChuTthhal
120JOO.
92.031
94.244
g•nw•l•Lllund• Tol•ts
17 ￿21)24 Pag• I

T*
••tnoiid
LMty•
9.778
13.379
120110-Churth hall1•￿￿￿￿￿￿knb1
121035- Lgnl
121￿0-
121150- P¥AmSunday Lunth
29
1.2
107
107
271
11.238
11,230
14,
Om￿5. DEFI8RILATOR Gfl4Nr
08(N)15. KINGS CORONATKK4
IREES
S.39)
6.2
s,e61
7.287
0th155.WaTrSp3ce Grants
1*)300.8¥&Ch¥o8 ROf￿d
130350.VATREc￿MED
130400.$4**r
2.768
15,72S
kncominB fEsources Grand
totals
118.400
1212
171M)35. Rect￿ST￿ PWCosts
170115. LL¥Kh(>A
71
17020$. 14è&&yCIRXth Exp¢n•o•
170240. B￿bap8a1¢(
2￿)I0.or￿
127
8.470
127
8.470
231￿0. P￿h
231W.
23201Q.WthlloCrq
&576
270200.CHRL8TitsREX
REFUR818HMENT
170195- PlaDNm Gatthn
1105. Rev
17￿0. Rect￿SBa1cC￿ts
17fAN5.AffQfflL￿lT••c0￿L
17r￿O-C￿lISts￿ F•TO
170120-
170130- 81 In&h Ev•nlng
170210- May Fa¥c(￿lS
231075.VLlUnt￿Emp￿￿
615
615
.931
1364
470
470
1.407
Totsis
34.149
34.149
31.165
17Awl 2024 Pa9•2

Th•y
Luty
Ch&iirAbl••t&vifiès
l7(￿￿o.P￿￿h Lunch
18￿10-ch¥11ab10
1W)10-Pwsh Gfft
2￿0.F￿*￿rG￿I
231010.(￿T•f￿w￿1k
24(M)10.El8th
241WO-Ga&
35L￿O.￿r
2W70.Fnind&of)bC
25(thO.P*th Oulln9
27(M)25.AVSystèrn
27(K*O.Pv*
2Tfthi.WlaquD
27fy)70-M•*n Po￿1
25,(
711
771
iyj
35
27S
31J16
28.477
Gov•nMnc•costs
Z(W30.EffWuyee Co41•
202100-Tax & Nl
21(M)10.QwgYèXr￿
23(N)10. Ir￿ranc0
2221•
22,
21,01
6.1
4.631
4.925
241110-G•%vd Eloth
49.
49,
46,143
2291
145
231CW- MEMORI￿ EETrKHES
2JICW. KINGS COR(WTWY4
TREES
232015-WIFI
232￿0.2￿￿ LICEFf
2.713
2.T13
Ji
$77
6221
6J14
R•8ourc8• Grand total•
121.65
1￿2•7
*)24 Pag•3

St Cathwln•• church
Balance Sheet (Summaryl
A5 at.. 31 Decernber 2023
*4*Jiiiw2023
As a)1112tt022
Flx•dxs•ls
TaryJlbhJ
1.373
8,3n
8.373
8.3n
19.698
31.62T
57.326
45.201
U￿1￿￿5
40 359
2T,F52
17,418
25,821
TaL11 l￿bIl￿￿¥
2455•
25,821
•prn$ont•d
158,T22
D•slgnal•d
12J16)
12.3481
DoY￿a￿d. ParishLands(>•ty
750
Des91a￿d. ￿￿&br¥)& L￿h￿n9
1119J411
Dwa*d. Lunthc
Dowa*d. Qu04w￿TM Pwty2016
I11￿))
361
113.e031
3ei
Pew
(5.4611
15.4611
1,239
dw¢h
24JJ*
26,821
17AwI2024
Pkpl

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