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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 . - PowerPoint PPT Presentation
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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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20000
30000
40000
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60000
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
-13Jul
-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
Jan-14
Feb-14
Mar-14
0100002000030000400005000060000
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