1. Finance Report
29th April 2018
Claire Evans

2. 2017 Financial Summary
Deficit of £1.1k on the General fund (much better than the £14k deficit budgeted)
Showing an £8k surplus on Restricted funds, mainly due to:
the treatment of the kitchen refurbishment which will be depreciated over 7 years (£7k deficit on Kitchen fund at end 2017 in cash terms)
Some donations in advance for work on the organ which took place in early 2018
Partially offset by hall roof repairs/other smaller fund movements
Still a healthy balance sheet (net assets of £326k)
We had income of £152k, expenditure of £153.1k on general fund resulting in a deficit of £1.1k
Much better than the deficit figure I discussed last year thankfully. Partly due to higher giving and letting income but mainly less expenditure on ger….
Restricted funds on the face of it look very healthy but the £8k positive is largely due to to factors ….
St Mark’s still has a healthy balance sheet of £326k, half of which consists of a flat at Brookhurst Court

3. Income (unrestricted) Expenditure (unrestricted)
Over 74% from planned giving -£113k
Premises income 22% - £33k
All other 4% - £6k
Parish share 40% - £62k
Wages costs 27% - £29k
Other support costs 19% - £29k
Tithe 10% £15k
Other ministry 3% - £5k
INCOME
Over 74% (113k) from planned giving (via plate in church, through bank accounts, CAF etc). This includes gift aid.
Red 1%= other donations. Some events/miscellaneous income
Grey 2% = wedding and funerals fees, concert income etc
Orange slice 22% premises letting incl flat at brookhurst court
Very Small slither on investment income - interest
EXPENDITURE
Orange 40%, £62k on Parish share , clergy costs in diocese
Yellow 3% Other ministry, visiting clergy expenses, childrens work materials, music copyright and the like
Green – 30% salaries for our staff team
Blue – 17% Other support costs, mainly insurance, gas and elec
Purple – we tithe 10% of income

4. Looking forward and looking back (unrestricted funds)
2016
2017
2018 DRAFT Budget
£ 000s
Comments ref 2018
Planned Giving
114.8
112.9
112.6
assumed giving approx in line with 2017
Other donations
1.2
4.1
1.7
assumed non repeat of legacy in 2017
Premises letting
33.5
32.8
32.2
may be lower due to Bright Sparks
Other income
3.3
2.3
primarily Wedding & Funeral fees, difficult to forecast
Total income
152.8
152.0
148.1
Tithe (10% of income on cash basis)
15.4
15.2
14.8
Parish Share
62.0
66.0
PCC agreed increase in Parish Share
Wages
46.7
41.9
42.6
Incls payrise
Other support costs
27.1
29.4
24.0
assumed no major repairs in 2018 (??)
Other ministry
4.2
4.8
6.5
Vicar in post
Total Expenditure (incl tithe)
155.4
153.2
153.9
Net income/(expenditure)
(2.7)
(1.2)
(5.8)
Can I firstly apologize to those who don’t like a lot of numbers as this slide is full of them.
But I have included a few symbols and words so I hope you’ll forgive me
A green arrow means increased income (up) or decreased cost (down)
A red arrow means reduced income (down) or increased cost (up)
Equals is approx. equal
As you will see lots of red arrows so I am really hoping to be proved wrong on this one –
Just to note the biggest figure on the page is planned giving – that’s our regular donations and the gift aid claimed on it. So if we can give a little more each we can do much more as a church.
Which brings me onto thank-yous

5. Team effort – Thank you
All those who have contributed financially to the running of St Mark’s
All those that help count/bank money
Tony
Amanda
Caroline
Caroline
Sorting out the payroll side all year
Amanda
- Bookkeeping each week
- General support in the office
Tony
Gift Aid submissions each month
2016 Independent examiner

6. Any questions?