Treasurer's Report to APCM 2024 (Steve Green)kl
I am pleased to report that 2023 was a year of financial stability due to the measures taken to align income to expenditure which was reflected in the approved budget presented to the APCM meeting last year. To balance the books and avoid a continuation of budget deficit of previous years, Finance Team recommended the capping of the Parish Share which is a voluntary contribution to the Diocese. This was approved by PCC and presented at the last meeting.
Consequently, we paid £60,440.40 as Parish Share, which is still a huge amount of money and a generous contribution representing about 61% of our income from regular giving. Whilst nobody took the decision lightly, it was necessary and provided a platform for stability that has enabled us focus more on outreach into the community.
The opening and closing position of our accounts further demonstrate the approach:
| 2023 Opening Balances |
2023 Closing Balances |
|
|---|---|---|
| Current account | £57,059 | £61,624 |
| Deposit account (CCLA) | £5,446 | £5,694 |
| Deposit account (CMCU) | £25,224 | £25,224 |
| Net Worth | £87,729 | £92,542 |
The slight increase of the current account balance at the end of 2023 is due to money received into the account towards the end of 2023, but was in the first quarter of 2024.
Of course, no budget prediction can foresee all outcomes, and this was true for 2023. An example of was the need to replace on of our church boilers. Similarly, we were blessed with additional giving, including specific giving towards the cost of the replacement boiler.
As a result of the success of the measures taken, we remain in a solid position for the year ahead, and we have sufficient funds to press forward in what we believe calls us to do within the community we have been placed. This means we have the required funding to continue with the Community Engagement \ Youth Worker paid role for the next year.
The account for 2023 have been Independently Examined by Mr David H Martin.
There are no current plans for a Gift Day to support the work of the church in 2024.
The CMCU deposit account which provides a dividend return performed quite poorly in 2023, so PCC has agreed for this account to be closed and the money transferred to other deposit account (CCLA).
Thank you to everyone who has contributed in the last 12 months.
If you are a tax payer and you have not completed a Gift Aid form, please could you consider doing so. One of the benefits of being registered charity, means we can claim tax back on regular giving from tax payers.
In summary, God has blessed us greatly in the last year. Due to the financial stability that we have enjoyed, we have been able to focus on more important matter than finance in our leadership meetings.
All Saints, Anchorsholme
Monthly Income / Expenditure totals - Details As at: 31 December 2023
| Nominal code | Jan_23 | Feb_23 | Mar_23 | Apr_23 | May_23 | Jun_23 | Jul_23 | Aug_23 | Sep_23 | Oct_23 | Nov_23 | Dec_23 | Code total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income | |||||||||||||
| 0101 (Gift Aid - Bank / Envelopes) | 3,870.00 | 4,057.00 | 4,035.00 | 3,965.00 | 4,204.00 | 4,152.00 | 4,147.00 | 4,132.00 | 4,152.00 | 4,157.00 | 4,142.00 | 4,085.00 | 49,098.00 |
| 0201 (Planned Envelope collections) | 2,792.15 | 2,511.01 | 2,931.12 | 3,131.50 | 3,257.00 | 4,038.50 | 3,020.00 | 3,586.67 | 3,108.20 | 3,498.01 | 3,626.80 | 2,796.10 | 38,297.06 |
| 0301 (Loose plate collections) | 1,025.80 | 776.75 | 869.51 | 914.35 | 849.20 | 1,000.49 | 1,016.50 | 983.29 | 802.20 | 1,062.05 | 831.27 | 771.41 | 10,902.82 |
| 0401 (One off gift days) | 260.00 | 280.00 | 300.00 | 280.00 | 280.00 | 280.00 | 280.00 | 280.00 | 280.00 | 270.00 | 270.00 | 270.00 | 3,330.00 |
| 0550 (Donations appeals etc) | 521.00 | 42.00 | 590.00 | 10.55 | 1,090.56 | 1,050.00 | 59.64 | — | 736.19 | 10.00 | 60.00 | 1,020.00 | 5,189.94 |
| 0601 (Tax recoverable on Gift Aid) | 2,545.17 | — | 1,408.24 | — | — | 2,568.44 | 1,130.23 | — | 1,789.93 | 1,459.63 | 2,686.96 | 2,646.53 | 16,235.13 |
| 0801 (Recurring Grants) | — | — | — | — | 2,500.00 | — | — | — | — | — | — | 2,500.00 | 5,000.00 |
| 1101 (Fees for weddings and funerals | 251.00 | 236.00 | 237.00 | 454.00 | — | 106.00 | — | 249.00 | 409.00 | — | — | 351.00 | 2,293.00 |
| ) | |||||||||||||
| 1230 (Church hall lettings - objectives | 751.00 | 1,215.00 | 1,719.00 | 1,159.75 | 1,512.75 | 1,103.25 | 970.00 | 1,578.00 | 1,513.00 | 1,318.05 | 2,045.25 | 1,076.25 | 15,961.30 |
| ) | |||||||||||||
| 1322 (Miscellaneous Income) | 3.15 | 4.00 | 5.00 | — | — | 93.55 | — | — | — | — | — | — | 105.70 |
| Income totals | 12,019.27 | 9,121.76 | 12,094.87 | 9,915.15 | 13,693.51 | 14,392.23 | 10,623.37 | 10,808.96 | 12,790.52 | 11,774.74 | 13,662.28 | 15,516.29 | 146,412.95 |
| Expenditure | |||||||||||||
| 1801 (Giving to missionary societies) | — | 1,273.00 | 1,193.00 | 1,193.00 | 1,193.00 | 1,193.00 | 1,193.00 | 1,193.00 | 1,193.00 | 1,193.00 | 1,193.00 | — | 12,010.00 |
| 1850 (Home mission) | — | 318.00 | 398.00 | 398.00 | 398.00 | 898.00 | 398.00 | 398.00 | 398.00 | 398.00 | 398.00 | — | 4,400.00 |
| 1901 (Stipends quota) | — | 9,160.00 | 9,160.00 | 9,160.00 | — | — | 8,526.40 | 434.00 | 8,000.00 | 8,000.00 | 8,000.00 | — | 60,440.40 |
| 2050 (Salary of parish administrator) | 440.04 | 440.04 | 549.95 | 482.68 | 482.68 | 603.30 | 482.68 | 482.48 | 603.30 | 482.68 | 482.68 | 603.30 | 6,135.81 |
| 2051 (Salary of Community | 1,592.81 | 1,592.61 | 1,592.81 | — | 3,426.54 | 1,713.27 | 1,713.27 | 1,713.27 | 1,713.27 | 1,713.07 | 1,713.27 | 1,713.27 | 20,197.46 |
| Engagement Worker) | |||||||||||||
| 2054 (Employers Tax and National | 474.22 | 446.82 | 446.62 | — | — | 523.57 | 553.77 | 523.77 | 523.57 | 553.97 | 523.57 | 553.77 | 5,123.65 |
| Insurance) | |||||||||||||
| 2059 (Nest ASACEW Pension) | 140.70 | 140.70 | 140.70 | 140.70 | — | 308.64 | 154.32 | 154.32 | 154.32 | 308.64 | 154.32 | 154.32 | 1,951.68 |
| 2110 (Visiting speakers costs) | — | — | — | — | — | — | — | 50.00 | — | — | 50.00 | — | 100.00 |
| 2120 (Council tax) | — | — | — | 309.82 | 314.00 | 314.00 | 314.00 | 314.00 | 314.00 | 314.00 | 314.00 | 314.00 | 2,821.82 |
| 2140 (Water rates - vicarage) | — | — | — | 348.27 | — | — | — | — | — | — | 395.83 | — | 744.10 |
| 2201 (Parish training and mission) | — | — | — | — | — | — | — | — | — | — | — | 293.33 | 293.33 |
| 2301 (Church running - insurance) | — | — | — | — | — | — | 1,310.03 | — | — | — | — | — | 1,310.03 |
| 2310 (Church office - telephone) | 31.20 | 31.54 | 66.32 | 47.88 | 40.74 | 40.74 | 40.74 | 40.74 | 40.74 | 40.74 | 41.08 | 35.94 | 498.40 |
| 2330 (Church maintenance) | 2,175.00 | 20.88 | 2,251.12 | 684.00 | 40.90 | 127.64 | 329.82 | 468.00 | 840.72 | 6.94 | 12.84 | 2,232.00 | 9,189.86 |
| 2331 (Cleaning) | 279.76 | 359.86 | 349.70 | 279.76 | 392.47 | 397.68 | 464.61 | 279.76 | 299.85 | 380.29 | 279.76 | 381.19 | 4,144.69 |
13 January 2024 Page 1
| Nominal code Jan_23 Feb_23 Mar_23 Apr_23 May_23 Jun_23 Jul_23 Aug_23 Sep_23 |
Nominal code Jan_23 Feb_23 Mar_23 Apr_23 May_23 Jun_23 Jul_23 Aug_23 Sep_23 |
Oct_23 Nov_23 Dec_23 Code total |
|---|---|---|
| 2332 (Equipment Rentals) — — — — — — — — 154.94 2333 (Equipment purchases) 762.71 94.43 78.99 — 811.06 2,150.00 — 141.89 200.48 2361 (Printing and Stationery) 32.00 23.33 17.96 — 57.37 181.23 — 47.50 18.00 2370 (Miscellaneous Expenditure) — — — (24.74) — — — — — 2380 (Licences / Subscriptions) 326.57 57.12 89.38 96.16 51.67 55.84 70.06 146.66 65.33 2395 (Catering Expenses) 28.79 29.08 30.60 23.88 9.75 26.58 — — 8.70 2405 (Church running - Gas & Electricity) 800.00 800.00 800.00 — 792.40 502.02 391.43 368.42 347.80 2420 (Church running - water) 43.59 43.59 59.66 59.66 59.66 59.66 59.66 59.66 — 7,127.39 14,831.00 17,224.81 13,199.07 8,070.24 9,095.17 16,001.79 6,815.47 14,876.02 Expenditure totals |
— — — 154.94 12.96 13.95 257.86 4,524.33 23.90 95.92 — 497.21 — — — (24.74) 62.98 1,407.43 311.86 2,741.06 — — 9.84 167.22 517.26 852.90 663.72 6,835.95 96.94 96.94 96.94 735.96 14,105.37 16,025.49 7,621.34 144,993.16 Balance (income - expenditure) 1,419.79 |
|
| 7,127.39 14,831.00 17,224.81 13,199.07 8,070.24 9,095.17 16,001.79 6,815.47 14,876.02 Expenditure totals |
||
13 January 2024 Page 2
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