2014 annual parish meeting
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2014 Annual Parish Meeting. Finance Report Richard Jayawant. Outline. T he treasury function within Southover Key achievements in 2013 Overview of the 2013 Accounts Plans for 2014 Questions. The Treasury Function. FRG function Advise PCC on staffing of treasury function - PowerPoint PPT PresentationTRANSCRIPT
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2014 Annual Parish Meeting
Finance ReportRichard Jayawant
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Outline
• The treasury function within Southover• Key achievements in 2013• Overview of the 2013 Accounts• Plans for 2014• Questions
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The Treasury Function• FRG function– Advise PCC on staffing of treasury function
• New volunteer treasurer – Derek Hull• New volunteer book-keeper – Ruth Jayawant
– Act as critical friend to the Treasurer– Act as first filter on financial reports to PCC
• Format / content • Accuracy• Ensure PCC business is conducted efficiently
– Advise PCC on financial policies and procedures• Compliance with charity commission guidance• Compliance with Inland revenue requirements
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Key Achievements
• Bedding in .... – Completed our second full year running with
Paxton accounting software– Management of Restricted funds resolved– Updating the gift aid register
• Building Structures to support growth– New procedures implemented– Started building greater budget discipline
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Overview of the 2013 Accounts
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ERRATA
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Resources Expended(£K)Total £429,221
238.2
29.4
26.0
71.6
26.98.2
29.0
Ministry Costs
Buildings - upkeep
Project Expenditure
Mission Giving + Projects*
Church Activities
Southover Counselling
Other
* = includes transfer to Rwanda balance to J Lamb
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Outward Giving (£K)Total £42.6K
11.8
8.7
4.9
3.2
3.5
3.5
3.5
3.5 Extra Parish ContributionTier 2 mission givingTier 2 MG 2012Tier 2 other givingTier 1 - CMS RwandaTier 1 - Judah TrustTier 1 - MECOTier 1 - Transition House
Tier1 total = £14,000Tier 2 total = £16,863
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Deficit Analysis (£K)Total £70.7K
18.0
19.0
5.0
3.0
26.0
Boiler and Porch
Rwanda transfer
Counselling Transfer
2012 Mission Giving
Structural
Year End Unrestricted Current Assets £K
2012 206
2013 131
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Incoming Resources (£K)Total £358,527
299.7
8.3
18.12.3
30.2Voluntary IncomeInvestment IncomeIncome from BuildingsSouthover CounsellingIncome from other activities
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Voluntary Income(£K)Total £299,656
156.4
24.0
15.0
57.1
7.08.5
21.89.9 Planned Giving
Income tax recoverableCollections at servicesOne off gifts - unrestrictedOne off gifts - RestrictedSundry donationsRwandaGrants + legacies
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Plans for 2014
• Derek Hull to be Treasurer• Ruth Jayawant to be book-keeper.• Work to strengthen budget discipline• Appoint a Giving Officer + Support Team• FRG will work to make our financial controls more robust• FRG will start preparing the financial systems necessary
to support Trinity.• Investigate and implement GASDS / Community Building
scheme
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Thank you to...
• Graham Watkins - Treasurer• Janette Watkins – • Margaret Campbell - Cashier• FRG – Steve / Jan / Zoe• Derek / Ruth – the new A Team
• ALL OF YOU – who continue to give so generously and sacrificially
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Questions...