July 2013 Financial Update 20122013 financial year summary for general account Building fund income and expenditure to date Projection of future income and expenditure Increasing income through Gift Aid ID: 478400
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Slide1
Church Finances
July 2013Slide2
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 AidSlide3
2012-13 Financial Year Summary – General Account – Income Slide4
2012-13 Financial Year Summary – General Account –
Expenditure Slide5
2012-13 Financial Year Summary -
CashflowSlide6
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!)Slide7
Building fund – Income and ExpenditureSlide8
Building fund – cashflowSlide9
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 immediatelyFrom April 2014 we will not lease the current kids church spaceSlide10
Projection of future
income
and expenditureSlide11
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 flatSlide12
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 ordersSlide13
THE END!!!
Any questions then come and see me after the meeting