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DIOCESE OF MONMOUTH DBF AGM 2016

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Presentation on theme: "DIOCESE OF MONMOUTH DBF AGM 2016"— Presentation transcript:

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


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