The financial year closed on 31st August and once again there are many points worth noting.
Giving has increased over the year and totalled £110,783. This is an increase of £3,496 (3.26%) on last year (£107,287) and is once again the highest ever achieved. Thank you.
Recovered tax is £26,042, an increase of 4.9% over last year (£24,826).
Last year 60% of available funds invested in trusts was moved to the Mixed Managed Fund (a Central Finance Board fund which takes advantage of financial market investments). As a result this has created an income of £17,701, an increase of 7.2% over last year’s £15,105.
Income from letting the caretaker’s flat contributed £12,956.
Income from the church organisations is £29,040. This is £840 down on last year.
Income from external lettings is £74,484 which is another increase on last year’s figure of £72.334 (up 2.97%).
The cost of the utilities, £39,690, is now under budget and £2,582 less than last year. We have benefited for a full year at the new lower price for gas.
Maintenance of the premises was just £467 over the £20,000 budget.
The caretakers have been careful to record their time against caretaking and doing work around the church. As a result, their costs have been maintained slightly below last year’s level and further under budget.
The surplus on the General Fund is £33,908. This will be addressed by the church stewards’ team to identify areas where work needs to be done during the coming year.
The cost to run the church is currently just over £5,200 per week.
.For the coming year, a budget has been agreed at Church Council. This is currently showing a deficit of £11,679 which indicates expenditure on new work during the year.Once again, it is with gratitude to God that the church has managed to balance the books for another year. Thank you to everyone who has contributed in so many ways