Church of Ascension Vestry 2015 Wardens Report

Our core purpose as the Parish of the Church of the Ascension is to inspire and nurture friendship with God and each other. Our long-term vision is to be a vibrant church of choice drawing people from all demographic sectors of the community. Parish Mission & Vision

Welcome increase in average contribution per giver, was ahead of inflation And more than compensated for base erosion Fun raising’s recent reversal shows revised emphasis Income Trends CAGR 2010/14 R000's % Number of givers % Average per giver % Planned Giving1,304.61,201.31, % Loose Plate % Fun Raising % Other income % Total Income1,474.01,394.01,307.61,186.21, %

Fluctuation in “other clergy cost” in 2014 reflects no assistant priest Pastoral & worship reflects cost youth ministry, social responsibility & parish tithe Property reflects cost necessary maintenance in “plant” and rectory Transport reflects accumulation of car replacement reserve Spending Trends CAGR 2010/14 ExpensesR000's % Diocesan Assessment % Clergy Cost % Other clergy costs % Administration % Pastoral & Worship % Property % Transport % Total Expenses1,385.31,369.91,221.71,080.11, %

Consistent policy of allocating interest to funds And appropriating unallocated income to funds for specific projects, Mainly maintenance, car replacement and social responsibility Interest income has increased with fund balances The Bottom Line CAGR 2010/14 R000's % Income before Appropriations % Interest Allocated % Appropriations % Retained Earnings

Tithe increased faster than income, as rate was increased in 2012 Contribution to mission reduced in 2012 as PG membership base was eroded 2014 first year of regular social responsibility provision Parish Giving Trends CAGR R000's 2010/14 Parish Tithe % Other Donations % Social Responsibility Diocesan Mission % Donations/Gross income %11.7%11.5%10.2%10.6%10.5%

Total inflated by new funds administered through parish Vehicle replacement fund not dissipated by vehicle replacement in 2014 Sundry funds include office equipment replacement reserve Year End Fund Balances R000's Organ Fund Social Responsibility Fund Maintenance Reserve Vehicle Replacement Fund Tithe Fund Bonginkosi Fund Canadian Donation Fund Archdeaconry Fund Archdeaconry Special Fund Sundry Funds Total Funds

Detailed AFS On handout “line by line” income & expense detail for 2013 & 2014 NB policy on Property, Plant & Equipment Total assets small as investments offset by special funds liability Questions Adoption Adoption of AFS

Number of givers in planned giving is based on real numbers Broader base reduces increment needed from each contributor Irregular income receipts and fun raising budgets are conservative Total income increase required (7.1%),is below 2010/14 CAGR (7.7%) Budget Income CAGR2015Budget 2010/14Budgetchange %R000's% Number of givers-7.3%1189.3% Average per giver18.6% % Planned Giving9.9%1, % Loose Plate-1.9% % Fun Raising32.8% % Other ad hoc-10.8% % Total Revenues7.7%1, %

Clergy cost - Provincial Retirement Fund “Other” - assistant priest Pastoral - increased monthly social responsibility Property - rectory roof rehabilitation & generator for church Transport – reduced VRR provision Budget Expense CAGR2015Budget 2010/14Budgetchange %R000's% Diocesan Assessment5.9% % Clergy Cost6.6% % Other clergy costs13.5% % Administration8.4% % Pastoral & Worship-7.5% % Property12.6% % Transport18.5% % Total Expenses7.2%1, %

AFS include “line by line” income & expense detail for 2015 Questions Adoption Budget 2015

Gresham Chartered Accountants Inc are Diocesan auditors familiar with accounting policies and annual return reconciliation Have done audit for 2013 and 2014, In both cases well within deadline Due largely to quality of input from office & treasurer Actual fee for 2013, R (ex VAT), less than quoted Fee for 2014 likely to be similar, given learning in 2013 Re-appointment of both auditor and treasurer for 2015, proposed Auditor Appointment

Community Engagement, Pastoral ministry, within parish including youth & young families “Fun raising” to engage wider community “Social Responsibility” to serve wider community Reflections on the Future

King’s Trust, Spirit led ministry to far & near Bonginkosi (ministry to Sweetwaters, centered on worship service) Masibumbane Mission (food parcels for AIDS/HIV families in Mpophomeni) HNO (Hlanganani Ngothando, Bulwer) Shoe Boxes (Sizanani Widows Support Group, Mpophomeni) Never Never Land Creche Sibongumbomvu School (Canadian Donation & Winter Warmth) Jika Joe outreach Africa Enterprise, a bond that we would like to nurture Social Responsibility Ministries supported by C of A

Acknowledgements and thanks We both gained far more than we contributed The Last Part