APCM th April 2015

APCM 2014 Summary A successful year with an overall surplus of £11,655  Additional planned giving raised approximately £ 17,000;  Generous donations and collections;  Higher fees from Funerals;  Costs reduced, principally maintenance;  Outward giving set at 5% instead of 10%  £30,000 set aside for our buildings  Parish Council grant of £2,500 and Friends income of £ 7,884 (restricted income)

KEY PARISH INDICATORS 3 *Costs/day exclude outward giving costs and property reserve provisions

APCM strategy  Our strategy for 2014 was to increase our reserves and prepare for 2015  Our reserves now stand at £206,000 (unrestricted and property)  As we discussed at our meeting in January, our plan for 2015 anticipated: i. A substantial decrease in donor and rental income (£27,600) ii.Additional overhead costs ( parish share, governance and inflation) (£7,400) iii.An improvement in our Crossway printing costs We are forecasting a loss for 2015 (excluding Youth worker and architect costs)

APCM 2014 St Alban’s House  To mitigate the ongoing deficit, the PCC has agreed to sell St Alban's House and reinvest the proceeds in 2 rental properties;  It is anticipated that when the new properties are let, the benefit will be to improve the current income;  St Alban's House is now vacant and on the market: the rental income is forecast to start towards the end of 2015;

APCM improvement What else can we do to improve our financial position? i.Rent out St Alban's room; ii.Create additional fund- raising opportunities; iii.Reduce our Parish Share/other costs; iv.Increase our congregation v.Institute a gift day/ revisit our planned giving; vi.Enhance our current income- activities further; vii.Any other ideas?

APCM 2014 Conclusion If we sell St Alban's house and reinvest the proceeds as planned, we might, together with some of the other initiatives, approach break-even in 2016.

APCM th April 2015 QUESTIONS?