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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 .

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Church Finances

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  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

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