Church Finances

July 2013

Financial Update• 2012-2013 financial year summary for

general account• Building fund income and expenditure

to date• Projection of future income and

expenditure• Increasing income through Gift Aid

2012-13 Financial Year Summary – General Account – Income

2012-13 2011-12 2010-110

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Income for previous 3 years

Offerings Gift Aid Other

INCOME 2012-13 2011-12 2010-11Offerings 43,037 38,282 41,057Gift Aid 6,889 8,505 7,050Other 6 1,440 586Total 49,932 48,230 48,699

2012-13 Financial Year Summary – General Account – Expenditure

EXPENDITURE 2012-13 2011-12 2010-11Ministry costs 30,449 33,224 29,100Establishment costs 7,625 9,512 6,595Church expenses 3,275 4,256 4,432Evangelism & outreach 1,424 1,728 2,894Gifts & Missionary Support 7,056 8,963 7,064Total 49,828 57,683 50,085

2012-13 2011-12 2010-110

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Expenditure pre-vious 3 years

Ministry costsEstablishment costsChurch expensesEvangelism & outreachGifts & Missionary Support

2012-13 Financial Year Summary - Cashflow

2012-13 2011-12 2010-11Income 49,932 48,230 48,699Expenditure 49,828 57,683 50,085Bank balance 3,124 3,020 12,473 2010-11 2011-12 2012-13

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Cashflow previous 3 years

Income ExpenditureBank balance

2012-13 Financial Year Summary

• Income has remained around £50,000 for previous 3 years• Expenditure well controlled last

year• Bank balance = 3 weeks

expenditure (low!)

Building fund – Income and Expenditure

INCOME Up to June 2013Jun - Nov 2012 18,169Feb - Mar 2013 17,350Apr - Jun 2013 3,930Gift Aid 7,920Total 47,369

EXPENDITURE Up to June 2013 July 2013-March 2014Lease 5,833 10,500Fees 3,160 2,000Equip & Mtc 4,729Gifts 4,000 3,105Total 17,722 15,605

Building fund – cashflow

Up to June 2013 July 2013-March 2014Income 47,369 5,000Expenditure 17,722 15,605Balance 29,647 19,042 Jun

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Cashflow

Income ExpenditureBalance

Projection of future income and expenditure

Assumptions:• Remaining building fund balance to be used

for renovation work• From April 2014 all ongoing unit 1a costs to

be funded from general account• From April 2013 gift aid can be claimed

immediately• From April 2014 we will not lease the current

kids church space

Projection of future income and expenditure

2012-13 2013-14 2014-15-10000

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Expenditure Bank balance no change Bank balance up 10%Bank balance up 20% Income no change Income up 10%Income up 20%

Projection of future income and expenditure• If income increases by at least 10% in

2013-14 and in 2014-15 then the move to Unit 1a is sustainable

• Income trend for 2013-14 year-to-date is relatively flat

Increasing income through Gift Aid

• 2012-13 claim was £16,037• From April 2013 loose cash offerings

of £20 and under can be claimed• Cash offerings over £20 and cheques –

please use a Gift Aid envelope• Once only Gift Aid form can be used

for cheques and standing orders

THE END!!!

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Any questions then come and see me after the meeting