Financial Review October 2014.

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Presentation transcript:

Financial Review October 2014

View at APCM (April) for 2014 1 Jan - Forecast Deficit £116k Known changes Less Increase in income £60k – (one off gifts) Other changes less £15k Revised forecast deficit £41k

£k Forecast of income/costs for 2014

£k Forecast of income/costs for 2015

Regular giving inc tax refund £k

Touching Our Community Children Healing On the Streets Reaching The Lost Outreach To Older People Alpha Living Stones Crossway Toddlers Young People Students Services

2015 Cost budget is being prepared Reducing income Living Stones & local ministry PCC will approve budget in November £100k+ deficit unmanageable Reduces our cash to <1 months costs

Need to reduce expected deficit Increase income – regular and one off gifts Review all costs and make reductions Finalise cost budget v income

Action Today – collect 2014 giving pack Next 2 weeks - Prayerful response October 26th – Gift Day – please return your pledge/gift in collecting baskets Gift Aid – If you are a taxpayer please indicate so that we can arrange to recover the tax on your gifts