1. DIOCESE OF MONMOUTH DBF AGM 2016
2015 FINANCIAL OVERVIEW

2. NEW for 2015
The DBF agreed to ‘close down’ it’s Designated Fund with effect from the beginning of the year.
The DBF agreed to implement a new accounting regime – FRS102 – with effect from the 1st January (NB Comparatives plus Transition Statements)
2015 is the first period of account to include additional resources from the RB Transformation Fund.

3. INCOME CHART 2015 TOTAL £4.1m (Notes 2-5)
2006 Share represented 70% of Income Other Voluntary Income 17%. O/S Share 06 £103k 07 £100k
Per page 17 – Generating Funds = Insurance Premiums and Collection of Loan Repayments (See B/SHT)
Per page 17 – Other Voluntary Income = Block Grant + 6% Contribution (£212k) and EIG Rebate / PBd Grants
Per page 17 – Charitable Activities = MDT Admin Fees and Tertiary College Chaplaincy Contribution
TOTAL £4.1m (Notes 2-5)

4. EXPENDITURE CHART 2015 TOTAL £3.98m (Notes 8 & 9 )
Support for Ministry £3,109m = Stipends + Other Costs £2,347 – PBd Activity £454k – Diocesan Cleric Exps £91K (incl Dist. Grants, Removals & Dioc. Clergy (JL/JG/ArchD’s etc…) – Training £73k (incl Co-ord £26k) – 85% Support Costs £145k.
Grants & Support = DBF & C&P £98k, + Contra Loan activities £58k (See B/SHT)
Other Property Support = Insce Premiums £155k + DAC 39k + QQI’s £21k
Parish Support = Sector Ministry £55k + PDA & Outreach 13K + Insce Premium Discounts £3k
Communications = DCG £3k + Publications £8k
Governance = Registrar £20k + Insurance Policies £7k + Conference £2k + Audit £4.5k + Gov Body £6k

5. BALANCE SHEET 2015 2015 £000’s 2014 Assets TANGIBLE FIXED ASSETS
INVESTMENTS
R.B. LOANS
DEBTORS
CASH
328
1,579
369
729
915
317
1,591
521
327
1,002
Total Assets
3,920
3,758
Liabilities
SHORT TERM CREDITORS & ACCRUALS
370
175
Total Liabilities
739
696
TOTAL RESTRICTED & UNRESTRICTED FUNDS
3,181
3,062

6. ANALYSIS OF 2015 RESULTS £’s
SURPLUSES / (DEFICITS) ON FUND ACTIVITIES:
BOARD OF FINANCE – GENERAL FUNDS ,294
PARSONAGE BOARD & C&PC RESTRICTED FUNDS ,351
________
OVERALL OPERATING SURPLUS / (DEFICIT) ,645
GAINS / (LOSSES) ON INVESTMENTS:
RESTRICTED FUNDS (C&PC only) ,098
GENERAL FUNDS (35,617) _________
NET TOTAL ,126

7. FUND BALANCES 31ST DECEMBER 2015
FURTHER ANALYSIS CAN BE FOUND IN NOTES 20 & 21

8. DIOCESE OF MONMOUTH DBF AGM 2016
FOR A HARD COPY SET OF FINANCIAL STATEMENTS PLEASE RING D.O