1 / 13

Church Finances

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 .

dorie
Download Presentation

Church Finances

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Church Finances July 2013

  2. 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

  3. 2012-13 Financial Year Summary – General Account – Income

  4. 2012-13 Financial Year Summary – General Account – Expenditure

  5. 2012-13 Financial Year Summary - Cashflow

  6. 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!)

  7. Building fund – Income and Expenditure

  8. Building fund – cashflow

  9. 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

  10. Projection of future income and expenditure

  11. 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

  12. 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

  13. THE END!!! Any questions then come and see me after the meeting

More Related