1 TREASURERS’ WORKSHOP Parish Income, Expenditure, Buying and Reserves.

Slides:



Advertisements
Similar presentations
Earning Money  What is income and what are 3 possible sources?  Income is money that you have available to you to spend  3 sources: babysitting,
Advertisements

St. Mary Parish, Wrentham MA Financial Summary Fiscal Year 2010, 2011.
Treasurers’ Day 19 September 2014 Diocesan Budget Process.
John Preston Exeter Diocesan Launch. 1.How PGS works 2.Launching PGS 3.What others say.
When you think about the Church of England nationally what words or phrases come to mind?  Old…?  Big historic buildings…?  Rich…?  Traditional or.
Hibiscus Coast Parish John Perris Finance Committee Chairperson Church Norms require each Parish to undertake a renewal of its Planned Giving Program.
Stewardship Our Parish Finances... Not Good! Cost of Running our Church £70,700 (Excluding Charitable Giving ) Income Planned Giving £38,700 Income.
St Columba’s Church Annual Congregational Meeting 30 March 2014 Financial Accounts for the year to 31 December 2013.
Lloyd Stangeland Iowa Yearly Meeting November 9, 2013.
Clubs & Societies Financial Administration Guide.
Business Accounting GCSE Business Studies tutor2u™
PART OF THE PIONEER NETWORK OF CHURCHES MEMBERS OF THE EVANGELICAL ALLIANCE AND YORKSHIRE BAPTIST ASSOCIATION DAYSPRING IS THE NAME FOR JESUS FOUND IN.
Personal Finance.  Salary: Money paid to an employee on a regular basis  Withheld: Money held to pay taxes.  Deposit: Money that is put into your bank.
Diocese of Bristol | Parish Officer Training 2014 PCC Treasurer core training Matthew Hall Finance Manager.
ACCOUNTING MECHANISM. Accounting Documents and Records.
Copyright © 2008 Delmar Learning. All rights reserved. Chapter 18 Financial Management of the Medical Practice.
3.1 Sources of Finance Chapter 18 Part 1.
Bristol Diocese 18 th October ways to save your parish money.
Credit Fundamentals 18-1.
Review of Year – 2014 Income Planned Giving & Collections 174,388 Youth Worker 24,727 Gift Aid 44,884 Grants 9,250 Events 9,892 Other Income 13,035 Total.
Real Estate Principles and Practices Chapter 15 Property Management © 2014 OnCourse Learning.
Topic 4: Understand the benefits of paying in advance ifs Certificate in Personal Finance (CPF5)
Start up money Capital“money invested by the owners” - it can be a substantial amount - limited to personal wealth (Sole trader/partner) - LTD/PLC can.
Welcome to our new fundraising scheme. What is the new scheme? A new and easy way to: generate a long-lasting, regular income for us, and… save money.
FINANCIAL STATEMENTS. Why Use Financial Statements? Investors and bankers Investors and bankers Suppliers and creditors Suppliers and creditors You and.
Current challenges and why The Give Back Campaign is essential to the future of fundraising Fundraising in 2015 – The Challenges and Opportunities.
SORP 2005 Statement of recommended practice. Contents What is changing What is changing SORP 2005 SORP 2005 Charities Act Charities Act Trustee responsibilities.
Consumer Econ Project. Steps of Project 1. Budget-1 2. Spending Spree-Move in items 3. Food items per week and general recipes 4. Short essay explaining.
Securing Your Financial Future Cash Management Presented by Teresa Muench NEA Member Benefits April 4, 2015.
Which one calculates Net Worth?
Managing Your Money Class Notes: 1 - 9
The Finance Department
 It is especially important if you are starting a new business that you get a proper record keeping system in place from the beginning.  Good record.
Source of finance All businesses need money to finance business activity. This can be for the initial setting up of the business, for its day-to-day running.
Carmen Appich. What is East Sussex Credit Union? A community savings and loans co-operative. Owned by its members. Has ethical objectives. Regulated by.
PSD: Managing Own Money Challenge 3. Level 2 – Challenge 3 You are about to look at 4 different situations. For each you need to consider/discuss with.
As a Book-Keeper it is important that you can identify and categorise items of business income and expenditure Income (business receipts) – can either.
Personal Management Charting Your Course Through Time & Money.
OCR Level 3 Cambridge Technicals in Business Unit 4: Business Accounting Capital and Revenue.
St Giles Church Ickenham Financial Statements 2014 St Giles PCC 2014.
 Provides an objective view of your finances  Helps you live within your income  Enables you to chart your financial future.
Accounting & Financial Analysis 1 Introduction to Accounting.
Easy Start 1Define the following key words: Asset, Liability, Gross profit, Net Profit, Creditor, Debtor, Cashflow, Balance sheet, Profit & loss, Expenses,
Parochial Fees Sally Westlake Table of Parochial Fees Fees belong to the DBF from 1/1/13 Fees are based on costs of ministry, making the church.
Produced by Blackburn Diocesan Resources Officer 2005 CHRISTIAN RESPONSE Running A Programme.
Real Estate Principles and Practices Chapter 15 Property Management © 2010 by South-Western, Cengage Learning.
Financial Statements Business Plan.
Chapter Goals... Explain the role of finance for businesses in terms of capital expenditure and revenue expenditure Explore internal finance options –
Financial Update Congregational Meeting 2015 May 3 rd,
Finance Training Picture?. What is Your Role? Picture? Together, you have primary responsibility for all your society’s finances – starting with the budget.
Financial Planning December 2013 Today Incorporation Assessment Bookkeeping Tax and VAT Finances Risk Social Currency.
Account Number Is your unique reference number in a bank?
2015. For every pound that is given in the basket, but not in an envelope, we wash 25p down the drain.
Parochial Fees Jessica Cook. The Table of Parochial Fees Fees legally belong to the DBF Fee levels increase each year Fees are based on costs of ministry,
1 TREASURERS’ WORKSHOP Roles & Responsibilities. 2 Key Responsibilities (Things you have to do)  Keep accurate books and records for the PCC  Prepare.
Financial overview 2015 and What we plan to spend in 2016.
Coolhurst Management Information AGM, March 2016 Past Performance, Present Management Tools, Future Plans Nick Collin.
Making the Most of Parish Buying Robert Kissick National Procurement Officer 26/01/16.
£ £ Your Details (BLOCK CAPITALS please) Standing Order
Ten ways to save money for your parish
WELCOME.
John Preston National Stewardship Officer.
New Advisors Conference 2016
Finance Report 29th April 2018 Claire Evans.
Beatrix Potter School PTA
John Preston National Stewardship Officer.
Church Finances : How does it all work?
2017 Accounts.
APCM 2018 Our Finances.
Two Cities Information Evening
Presentation transcript:

1 TREASURERS’ WORKSHOP Parish Income, Expenditure, Buying and Reserves

2 Reduce / Manage Expenditure?  Parish Buying  GPC Card (NatWest) How to: Manage Reserves and Cash? Increase Income?

3 Voluntary Planned Giving (recurring)  Tax efficient (Gift-aided)} monthly standing order/  Other Planned Giving} weekly gift aid envelopes  Cash Collections at Services } GASDS scheme (*) Fundraising Activities Parish Income Fees retained by PCC for Weddings and Funerals Dividends and Interest – Cash Management Scheme Voluntary Grants and Legacies (non-recurring) Trading Activities – hall lettings, magazine and book sales, coffee shop etc. (*) – contact Richard Illidge for help with claiming

4 Parish Share paid to Diocese Parish Expenditure Staff Salaries / Honoraria Clergy and Staff Expenses Regular Church Running Expenses  Utilities: Gas / Electricity / Oil / Water  Telephone and Mobile  Insurance - EIG  Cleaning  Routine Maintenance Governance Capital: Major Repairs, Maintenance and Improvements Trading Costs Mission and Evangelism

Parish Buying: Releasing Resources for Parishes

Parish Buying Aims Currently 3,300+ members. Buying with Confidence – professional procurement Saving Money – aim to save £10m across English dioceses annually Saving Time – one stop shop All wrapped up in Better Stewardship of resources

Parish Buying Suppliers Selected following thorough tender process Regularly Monitored Fixed Contracts Ecumenical Cooperation

Registered suppliers also now available for: IT Hardware Telecoms Church Consumables

Working Ecumenically

Actions Register at Sign up and use the contracts Log your energy contract details Encourage others Feedback

or Tel: (freephone)

GPC Procurement Cards 12 A Purchasing Card available via NatWest No monthly charges or interest applied Works like a credit card Applications via the Finance Office ( Juliette Hill for details) Parishes must be up to date with parish share payments, fee returns and other statutory returns (incl. annual accounts)

13 Parish Reserves What is a reasonable level of Reserves and Cash to maintain? CC19 – Charities and Reserves