1. Financial Review
October 2014

2. 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

3. £k Forecast of income/costs for 2014

4. £k Forecast of income/costs for 2015

5. Regular giving inc tax refund £k

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

7. 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

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

9. 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