## **St. Mary’s, Cholsey**
## **End of Year Financial Statements**
**Year ending 2022**
_Page 1_
## • **Introduction**
## • **Reference and administrative information**
The trustees, members of the PCC, at the time of this report, were as follows:
Vicar: Rev Andrew Petit (Chairman) Ex officio Churchwarden: David Newbold Ex officio Churchwarden: Timothy Hammond Ex officio Andrew Avery Elected Valerie Bolt Elected Howard Gander Elected Alex Hammond Elected Catherine Hobbs Elected Irene McClure Elected Gillian Newbold (Deputy churchwarden) Elected Rose Noorduijn Elected Rosemary Price Elected Malcolm Singh (Treasurer) Elected Rebecca Thomasson Elected Deanery Synod member Michael Wolf Elected
## • **Structure, governance and management**
The PCC's official responsibility is to co-operate with the Vicar in promoting in the parish the whole mission of the church, pastoral, evangelistic and social ecumenical. It is also responsible for administering the income and expenditure of the church and for the maintenance of the church building, the church bungalow and the Laurence Hall.
The PCC teams have been as follows:
**Leadership Team:** Andrew Petit (Convenor), Tim Hammond, Dave Newbold, Gillie Newbold (Deputy Churchwarden), Richard Price.
Note: The Leadership Team was disbanded in Feb 2022 following the retirement of the Vicar and was replaced by the Interregnum Committee.
**Interregnum Committee:** Churchwardens, Gillie Newbold (Deputy Churchwarden), Andy Avery (Chair of PCC), Joan Gander, Alex Hammond, Richard Price
**Children's Ministry Team:** Gillie Newbold (Convenor), Irene McClure, James Bennett, Martyn and Pauline Thorne, Susie and Michael Pocock.
**Youth Group:** Irene and Graham McClure (Convenor), James Bennett, David Newbold.
_Page 2_
Miulott Support T¢4m: Tim Hammnd (Convenoi). Anne Pow¢lL Thea PriK Giu SÈlv¢r. Midmel Wolfe.
Graham M¢Clur4 Frona Suuie.
Property team: NO*d GatKler. David Newlx)Id.
lu pr¢pati the financial statements, the PCC is [lreA to:
Select suitsble accounting w)li¢i¢s and then apply them consistently
Follow applicable accountiIl8 staThd and 8taternents of recomm¢nd(xl practic4 subj'ect to any
material departures di8closed gnd explaiiied In the financial statemtnts
Prepare tbe fae1a1 statements on tbe Boing Concern basis unless It is Inappropriate to Presu that
FiDanehl Revlew
The overall income t¢ceIv for the year 2022 was £137. 926. In 2021 it was £178. 240. This represents an
Incre of 22Y• in the Church's 8nnuftt ineome. Tr ra8oDs forthis dr&se were the drop in income fro
the Church bungalow and fees from Wedthngg ¢te coupled with iTKreased spetKling in Church tepaits And the
replaeemellt of the chUh piano.
R¢¢utTing voluntary giving in 2022 was £85. 286. In 2021 it w&8 £93. 330. Th¢r¢ w&8 also aD tndividual
(B)nYmos) donation of £IO.000 in Match 2022 10 the PCC'S restticted Mission Givin8 fuud.
Hire and r¢nt ofchurch buildings an income of £19. up from £4562 in 2021. Thxs iticlthjesthe
bire of the L&wence H8]1 (£11. 032) ènd Church (£ 820). There was also inwm¢ from the Church
Buo8alow of £7. I(.
In 2022 inwm¢ from inv¢stnKnts w&$ £7. 2rA). In 2021 it wds £10.722. This iludeS Tent fiDm the bung8Eow
and interest paYThts from thc Stevenson Iwuest to the Laurence Hall account aTLd interest from the Louisa
Mprtba Minshull's ¢harRty to the Getteral aeeount for th¢ benefit of the poor of the villag
Totsl exwtitmre for 2022 £135. 196. In 2022 li w&8 £175. 71Y). Chutch wlture (eXCl11ng
charitable donations) tepresented £90, 823 (£97.0(M) 2021}, with the most significant items Ixin8 Parlsh
Share of £52, 608 (£ 54. 068 itt 2021) and ChUb Admintslralion of £6. 206 (£18, 652 in 2021).
Across #U jrÉ 2021 there w&8 a 8urplus of £2. 730. In 2021 there w&* a surylus of £1530.
Rejerves P0ry
The PCC aims to maintsin a working capitsi of at leL4t 2 months genernl fund expenditure. Averdg¢ monthly
expeIke in w&% £7. 568. At 31° DeceMr 2021 th¢ working (xpitsl balattce was £1
478.
CC and signed 00 its E¢half by:
Lay Chair of the PCC
Page 3
Page 3
Indendont Examlnerfs Roport for the year endod 31 December 2022
Indopgndent Examinerfs Report to the St Mary'8 Church Cholsey Parochlal
Chur¢h Councll
This report on the financial stAtem¢nts of the PCC for the year ended 31 Dember 2022.
which are s¢t out on pages lo , is in respwt of an examination TLed out in aecordance
Ith the Chur¢h Accounting R¢8ulatioLs 2(X)6 (Ih¢ Regulations,) attd $.43 of th¢ Chan"Iics
Act 1993 ('the A¢t').
R8spectlve rnsponslbllltles of the PCC and Examlner
The charity's tnte¢s. the PCC. ar¢ reswnsible for the prepw&tion of the fsnancial 5tafrments.
Th¢ PCC consid¢r that an audit As not required for this year under section 43121 of th¢ Act and
that an independent cxamination is needed. li is my respyn5ibility to issue this lert on those
fitwi¢ial ststements iti accordance with the ternis of th¢ Regulations.
81$ of an Independent Examinefs report
My examination was carried out in accord4nce with the GeneTal Dir¢rtions given by th¢
Charity ComTnis5ion under s.43{7)Ibl of the Act. An examination includes & reiiew of the
accounting T¢cords kept by the PCC and 4 ¢omtrarison of the financial stxt¢meDts with those
rxords. It aiso includes consideration of any unusual items or disclosures in th¢ fingncial
statern¢nts and seekn.ng explanations from you as trustees ¢onc¢ming any $u¢h matters. The
procedure5 undertaken do not provide all the cvidence thai would b¢ r¢quir¢d in an audit and.
consequently, I do not ¢xpre5s an audit opinion on th¢ vi¢w given by th¢ financial statrmcnts.
Independent Examlnef8 $tstsment
In connection with my examitwtion. no matt¢r has come to my attention..
(l) which gives me reasonable cause to believe that in any materia] respect the
Tequir¢ments.'
to k¢ep accoutrting records in ac¢ordance with sectt'on 41 of the A¢t; and
lo prepatt financial $tatements. which accord with the wwiting records and
¢omply with the accounting requirements of the and the Regulations have not
i*¢n met,. or
(2)
to whi¢]4 in my opinioo attents'on SIUld be drawn in order to enable & proEEr
erstan
of the finan¢Tal ststem¢nts to be rea¢h
Davi
ibbons
-, //•.
2oZ
Page 4
## **Statement of Financial Activities**
||**Unrestricted**
**Restricted**
**Endowment**
**Total**
**Prior year**
**funds**
**funds**
**funds**
**funds**
**total funds**|
|---|---|
|**Income and endowments from:**
Donations and legacies
Income from charitable activities
Investments
Other income
**Total income**
**Expenditure on:**
Expenditure on charitable activities
Other expenditure
**Total expenditure**
**Net income / (expenditure) resources before**
**transfer**
**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Other recognised gains / losses**
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**
**Represented by**
**Unrestricted**
General fund
**Designated**
Giving
Laurence Hall
Laurence Hall Rebuild
**Restricted**
Capital
Christians Against Poverty
Family Worker
Mission Giving
Restoration
**Endowment**
Stevenson|85,286
30,313
—
115,600
157,531
13,817
199
—
14,016
10,063
7,694
5
—
7,699
10,645
610
—
—
610
—|
||**107,408**
**30,518**
**—**
**137,926**
**178,240**
113,570
18,548
—
132,118
174,938
3,077
—
—
3,077
891|
||**116,647**
**18,548**
**—**
**135,196**
**175,829**|
||**(9,239)**
**11,969**
**—**
**2,730**
**2,410**
10,000
813
—
10,813
2,400
(10,813)
—
—
(10,813)
(2,400)|
||**(10,053)**
**12,783**
**—**
**2,730**
**2,410**|
||**70,401**
**(26)**
**4,508**
**74,883**
**72,473**|
||**60,347**
**12,757**
**4,508**
**77,613**
**74,883**
16,478
—
—
16,478
37,057
(6,814)
—
—
(6,814)
(11,179)
18,437
—
—
18,437
16,110
32,246
—
—
32,246
28,413
—
13,018
—
13,018
13,018
—
3,866
—
3,866
3,750
—
11,486
—
11,486
750
—
10,039
—
10,039
7,291
—
(25,652)
—
(25,652)
(24,836)
—
—
4,508
4,508
4,508|
_Page 5_
## **Balance sheet**
||**Total funds**
**Prior year funds**|
|---|---|
|**Current assets**
Debtors
Investments
Cash at bank and in hand
**Net current assets less current liabilities**
**Total assets less current liabilities**
**Total net assets less liabilities**
**Represented by**
**Unrestricted**
General fund
**Designated**
Laurence Hall Rebuild
Giving
Laurence Hall
**Restricted**
Family Worker
Mission Giving
Christians Against Poverty
Restoration
Capital
**Endowment**
Minshull
Stevenson
**Funds of the church**|1,376
1,317
4,508
4,508
71,728
69,057|
||**77,613**
**74,883**|
||**77,613**
**74,883**|
||**77,613**
**74,883**|
||**77,613**
**74,883**
16,478
37,057
32,246
28,413
(6,814)
(11,179)
18,437
16,110
11,486
750
10,039
7,291
3,866
3,750
(25,652)
(24,836)
13,018
13,018
—
—
4,508
4,508|
||**77,613**
**74,883**|
_Page 6_
## **Statement of assets and liabilities**
||**This year**
**Last year**|
|---|---|
|**Cash at bank and in hand**
**NatWest Current Account**
Family Worker (Restricted) -
Laurence Hall Rebuild (Designated) -
General fund (Unrestricted) -
Giving (Designated) -
Mission Giving (Restricted) -
Christians Against Poverty (Restricted) -
Laurence Hall (Designated) -
Restoration (Restricted) -
**NatWest Business Reserve Account**
General fund (Unrestricted) -
**Barclays Community Account**
General fund (Unrestricted) -
Giving (Designated) -
Restoration (Restricted) -
**Barclays Business Premium Account**
Restoration (Restricted) -
**CCLA (CBF) General Deposit Account**
Laurence Hall Rebuild (Designated) -
General fund (Unrestricted) -
Mission Giving (Restricted) -
Restoration (Restricted) -
Capital (Restricted) -
**CCLA (CBF) Restoration Deposit Account**
Mission Giving (Restricted) -
Restoration (Restricted) -
**CCLA (CBF) Mission Giving Account**
Mission Giving (Restricted) -
Restoration (Restricted) -
**Total for Cash at bank and in hand**
**Debtors**
**Accounts Receivable**
Family Worker (Restricted) -
Laurence Hall Rebuild (Designated) -
General fund (Unrestricted) -
Giving (Designated) -
Christians Against Poverty (Restricted) -
**Total for Debtors**
**Investments**
**CCLA (CBF) Stevenson**
Stevenson (Endowment) -
**Total for Investments**
**Grand total**|11,412
730
12,220
8,382
(17,156)
3,797
(6,853)
(11,236)
9,050
6,306
3,761
3,652
18,437
16,110
(16,174)
(13,856)|
||**14,698**
**13,886**
9,290
9,270|
||**9,290**
**9,270**
135
135
39
7
6,606
5,106|
||**6,781**
**5,249**
30
30|
||**30**
**30**
20,000
20,000
23,036
22,734
586
586
(16,400)
(16,400)
13,018
13,018|
||**40,241**
**39,939**
0
—
283
282|
||**284**
**282**
401
398
0
0|
||**402**
**399**|
||**71,728**
**69,057**
74
20
26
30
1,171
1,119
—
50
104
97|
||**1,376**
**1,317**|
||**1,376**
**1,317**
4,508
4,508|
||**4,508**
**4,508**|
||**77,613**
**74,883**|
_Page 7_
## **Fund movement by type**
||**Opening Incoming Outgoing Transfers Gains/losses Journals Closing**|
|---|---|
|**LHallReb - Laurence Hall Rebuil**
Designated
**Sub-total for LHallReb**
**Worker - Family Worker**
Restricted
**Sub-total for Worker**
**General - General fund**
Unrestricted
**Sub-total for General**
**Giving - Giving**
Designated
**Sub-total for Giving**
**MisGiv - Mission Giving**
Restricted
**Sub-total for MisGiv**
**CAP - Christians Against P**
Restricted
**Sub-total for CAP**
**LHall - Laurence Hall**
Designated
**Sub-total for LHall**
**Resto - Restoration**
Restricted
**Sub-total for Resto**
**Capital - Capital**
Restricted
**Sub-total for Capital**
**Minhull - Minshull**
Endowment
**Sub-total for Minhull**
**Steven - Stevenson**
Endowment
**Sub-total for Steven**
**Grand total**|28,413
4,112
279
—
—
—
32,246|
||**28,413**
**4,112**
**279**
**—**
**—**
**—**
**32,246**
750
9,922
—
813
—
—
11,486|
||**750**
**9,922**
**—**
**813**
**—**
**—**
**11,486**
37,057
80,244
90,823
(10,000)
—
—
16,478|
||**37,057**
**80,244**
**90,823**
**(10,000)**
**—**
**—**
**16,478**
(11,179)
12,018
16,839
9,186
—
—
(6,814)|
||**(11,179)**
**12,018**
**16,839**
**9,186**
**—**
**—**
**(6,814)**
7,291
12,503
9,756
—
—
—
10,039|
||**7,291**
**12,503**
**9,756**
**—**
**—**
**—**
**10,039**
3,750
6,116
6,000
—
—
—
3,866|
||**3,750**
**6,116**
**6,000**
**—**
**—**
**—**
**3,866**
16,110
11,032
8,705
—
—
—
18,437|
||**16,110**
**11,032**
**8,705**
**—**
**—**
**—**
**18,437**
(24,836)
1,975
2,792
—
—
—
(25,652)|
||**(24,836)**
**1,975**
**2,792**
**—**
**—**
**—**
**(25,652)**
13,018
—
—
—
—
—
13,018|
||**13,018**
**—**
**—**
**—**
**—**
**—**
**13,018**
—
—
—
—
—
—
—|
||**—**
**—**
**—**
**—**
**—**
**—**
**—**
4,508
—
—
—
—
—
4,508|
||**4,508**
**—**
**—**
**—**
**—**
**—**
**4,508**|
||**74,883**
**137,926**
**135,196**
**—**
**—**
**—**
**77,613**|
_Page 8_
## **Analysis of income and expenditure**
|**Total**
**Unrestricted Designated**
**Restricted**
**Endowment**
**This year**
**Last year**
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Covenants and Gift Aid
55,038
11,002
19,047
—
85,087
85,723
General Donation
(164)
—
—
—
(164)
8,980
Offerings GADS
—
—
—
—
—
211
Planned Giving
—
—
887
—
887
—
Misc. Donations
—
35
—
—
35
23,237
Collections
25
—
—
—
25
—
Donations appeals etc
—
—
5,100
—
5,100
8,302
Tax recoverable on Gift Aid
13,024
2,280
5,279
—
20,584
18,156
Grants
1,761
—
—
—
1,761
—
Misc. Income
1,280
960
—
—
2,241
11,457
Other funds generated
41
—
—
—
41
1,463
Total
71,007
14,279
30,313
—
115,600
157,531
**Income from charitable activities**
Fees
144
—
—
—
144
4,745
Moulsford Church
—
—
—
—
—
755
Hire of Laurence Hall
—
12,292
—
—
12,292
4,103
Hire of Church
820
—
—
—
820
459
Coffee Shop
—
560
—
—
560
—
Bell Tower
—
—
199
—
199
—
Total
964
12,852
199
—
14,016
10,063
**Investments**
NatWest Bank Interest
20
—
—
—
20
0
Barclays Bank Interest
—
7
0
—
8
—
CCLA (CBF) Mission Giving
—
—
3
—
3
—
CCLA (CBF) General
481
—
—
—
481
173
CCLA (CBF) Restoration
—
—
1
—
1
—
CBF Minshull
—
24
—
—
24
31
Bungalow Rent
7,160
—
—
—
7,160
10,440
Total
7,662
32
5
—
7,699
10,645
**Other income**
Insurance claims
610
—
—
—
610
—
Total
610
—
—
—
610
—|**Total**
**Unrestricted Designated**
**Restricted**
**Endowment**
**This year**
**Last year**
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Covenants and Gift Aid
55,038
11,002
19,047
—
85,087
85,723
General Donation
(164)
—
—
—
(164)
8,980
Offerings GADS
—
—
—
—
—
211
Planned Giving
—
—
887
—
887
—
Misc. Donations
—
35
—
—
35
23,237
Collections
25
—
—
—
25
—
Donations appeals etc
—
—
5,100
—
5,100
8,302
Tax recoverable on Gift Aid
13,024
2,280
5,279
—
20,584
18,156
Grants
1,761
—
—
—
1,761
—
Misc. Income
1,280
960
—
—
2,241
11,457
Other funds generated
41
—
—
—
41
1,463
Total
71,007
14,279
30,313
—
115,600
157,531
**Income from charitable activities**
Fees
144
—
—
—
144
4,745
Moulsford Church
—
—
—
—
—
755
Hire of Laurence Hall
—
12,292
—
—
12,292
4,103
Hire of Church
820
—
—
—
820
459
Coffee Shop
—
560
—
—
560
—
Bell Tower
—
—
199
—
199
—
Total
964
12,852
199
—
14,016
10,063
**Investments**
NatWest Bank Interest
20
—
—
—
20
0
Barclays Bank Interest
—
7
0
—
8
—
CCLA (CBF) Mission Giving
—
—
3
—
3
—
CCLA (CBF) General
481
—
—
—
481
173
CCLA (CBF) Restoration
—
—
1
—
1
—
CBF Minshull
—
24
—
—
24
31
Bungalow Rent
7,160
—
—
—
7,160
10,440
Total
7,662
32
5
—
7,699
10,645
**Other income**
Insurance claims
610
—
—
—
610
—
Total
610
—
—
—
610
—|
|---|---|
||71,007
14,279
30,313
—
115,600
157,531
144
—
—
—
144
4,745
—
—
—
—
—
755
—
12,292
—
—
12,292
4,103
820
—
—
—
820
459
—
560
—
—
560
—
—
—
199
—
199
—|
||964
12,852
199
—
14,016
10,063
20
—
—
—
20
0
—
7
0
—
8
—
—
—
3
—
3
—
481
—
—
—
481
173
—
—
1
—
1
—
—
24
—
—
24
31
7,160
—
—
—
7,160
10,440|
||7,662
32
5
—
7,699
10,645
610
—
—
—
610
—|
||610
—
—
—
610
—|
|**INCOME TOTAL**|80,244
27,163
30,518
—
137,926
178,240|
_Page 9_
## **EXPENDITURE**
|**Expenditure on charitable activities**
Adventure Plus
—
1,666
1,666
—
3,332
2,400
Balsam Family Project
—
—
—
—
—
2,400
Christian Aid Week
—
—
—
—
—
1,473
Eric Twine
—
—
—
—
—
2,425
Go Mad Tanzania
—
1,666
1,666
—
3,332
3,550
Message Trust
—
1,666
1,666
—
3,332
2,400
Missionary Aviation Fellowship
—
1,666
1,666
—
3,332
2,400
Tear Fund DEC Appeal
—
4,727
1,350
—
6,077
—
Tear Fund Yemen Appeal
—
—
—
—
—
3,885
Wednesday Church
—
76
76
—
152
100
A Rocha
—
1,666
1,666
—
3,332
—
Christians Against Poverty
—
—
6,000
—
6,000
6,000
Parish Share etc
52,608
—
—
—
52,608
54,068
Ministry
152
3,306
—
—
3,458
1,824
Salary of parish administrator
8,820
—
—
—
8,820
5,389
Vicars Expenses
50
—
—
—
50
1,983
Vicarage Expenses
41
—
—
—
41
673
Church Insurance
162
—
—
—
162
3,674
Church Office - Telephone and
Internet
1,201
—
—
—
1,201
796
Organ / Piano Tuning
2,696
—
—
—
2,696
—
Church Maintenance and Minor
Repairs
3,539
—
300
—
3,839
4,107
Cleaning
2,070
2,452
—
—
4,522
2,529
MIisc. Parish Expenses
—
—
—
—
—
879
Services General Upkeep
665
—
—
—
665
337
Activities - Kids Club Creche 9+
405
—
—
—
405
425
Activities Flower Fund
—
—
—
—
—
150
Administration
9,606
400
—
—
10,006
18,652
Visiting speakers / locums
1,857
—
—
—
1,857
—
Church running - electric
880
100
—
—
981
802
Church running - water
132
—
—
—
132
374
Church running - oil
2,854
—
—
—
2,854
1,239
Laurence Hall running - electricity
—
1,894
—
—
1,894
1,345
Laurence Hall running - insurance
—
1,310
—
—
1,310
1,222
Laurence Hall running - maintenance
—
2,637
—
—
2,637
2,657
Laurence Hall running - water
—
382
—
—
382
—
Church major repairs - structure
—
—
2,082
—
2,082
36,115
Church major repairs - fees
—
—
—
—
—
600
Church major repairs - installation
—
—
410
—
410
8,033
Laurence Hall + interior and exterior
de
—
205
—
—
205
21
Total
87,745
25,824
18,548
—
132,118
174,938
**Other expenditure**
Bungalow Maintenance and Minor
Repairs
3,077
—
—
—
3,077
891
Total
3,077
—
—
—
3,077
891|**Expenditure on charitable activities**
Adventure Plus
—
1,666
1,666
—
3,332
2,400
Balsam Family Project
—
—
—
—
—
2,400
Christian Aid Week
—
—
—
—
—
1,473
Eric Twine
—
—
—
—
—
2,425
Go Mad Tanzania
—
1,666
1,666
—
3,332
3,550
Message Trust
—
1,666
1,666
—
3,332
2,400
Missionary Aviation Fellowship
—
1,666
1,666
—
3,332
2,400
Tear Fund DEC Appeal
—
4,727
1,350
—
6,077
—
Tear Fund Yemen Appeal
—
—
—
—
—
3,885
Wednesday Church
—
76
76
—
152
100
A Rocha
—
1,666
1,666
—
3,332
—
Christians Against Poverty
—
—
6,000
—
6,000
6,000
Parish Share etc
52,608
—
—
—
52,608
54,068
Ministry
152
3,306
—
—
3,458
1,824
Salary of parish administrator
8,820
—
—
—
8,820
5,389
Vicars Expenses
50
—
—
—
50
1,983
Vicarage Expenses
41
—
—
—
41
673
Church Insurance
162
—
—
—
162
3,674
Church Office - Telephone and
Internet
1,201
—
—
—
1,201
796
Organ / Piano Tuning
2,696
—
—
—
2,696
—
Church Maintenance and Minor
Repairs
3,539
—
300
—
3,839
4,107
Cleaning
2,070
2,452
—
—
4,522
2,529
MIisc. Parish Expenses
—
—
—
—
—
879
Services General Upkeep
665
—
—
—
665
337
Activities - Kids Club Creche 9+
405
—
—
—
405
425
Activities Flower Fund
—
—
—
—
—
150
Administration
9,606
400
—
—
10,006
18,652
Visiting speakers / locums
1,857
—
—
—
1,857
—
Church running - electric
880
100
—
—
981
802
Church running - water
132
—
—
—
132
374
Church running - oil
2,854
—
—
—
2,854
1,239
Laurence Hall running - electricity
—
1,894
—
—
1,894
1,345
Laurence Hall running - insurance
—
1,310
—
—
1,310
1,222
Laurence Hall running - maintenance
—
2,637
—
—
2,637
2,657
Laurence Hall running - water
—
382
—
—
382
—
Church major repairs - structure
—
—
2,082
—
2,082
36,115
Church major repairs - fees
—
—
—
—
—
600
Church major repairs - installation
—
—
410
—
410
8,033
Laurence Hall + interior and exterior
de
—
205
—
—
205
21
Total
87,745
25,824
18,548
—
132,118
174,938
**Other expenditure**
Bungalow Maintenance and Minor
Repairs
3,077
—
—
—
3,077
891
Total
3,077
—
—
—
3,077
891|
|---|---|
||87,745
25,824
18,548
—
132,118
174,938
3,077
—
—
—
3,077
891|
||3,077
—
—
—
3,077
891|
|**EXPENDITURE TOTAL**|90,823
25,824
18,548
—
135,196
175,829|
|||
|**GRAND TOTAL**|(10,579)
1,339
11,969
—
2,730
2,410|
_Page 10_
## • **Conclusion**
Financially, 2022 was a tough year for St. Mary’s. The financial outlook for the Country in 2023 is not very positive and there is a concern that this may flow down to organisations like ours. There are several areas where we need to spend in 2023 and this may prove to be very difficult.
This report dated: 17[th] May 2023.
_Page 11_