1. Key aspects of 2012 Annual Report and Consolidated Accounts and Outlook for 2013 23 April 2013 Annual Parochial Council Meeting

2. Key areas of church finances Christ Church Spitalfields Consolidated Accounts PCC (Ministry & Mission) CCSV Group (Venue Business) ChurchProperty Hanbury Hall (Community Hall) All Saints House (35 Buxton Street)

3. INCOME 2012 – sources of income 3 NOTE: ‘Restricted income’ includes Property (Hanbury Hall & All Saints House)

4. GENERAL INCOME:£361,606 (↓8%) - Voluntary giving:£160,705 (↓13% on 2011) - Venue hire:£194,793 (↓5%) - Public access:£ 6,108 (↑ 23%) OTHER ‘RESTRICTED’ INCOME: £135,245 (↓19%) - Property:£58,573 (↑7% on 2011) - Restricted funds:£76,672 (↓45%) Includes Children’s worker (£26k) Crypt development (£25k) Church gardens (£10k) CONSOLIDATED INCOME: £496,851 (↓15%) INCOME 2012 - overview 4

5. INCOME 2012 – sources and comparison 2009-2012 Restricted funds in 2012 include: £26k Children’s worker (Gift Day) £35k Crypt & Gardens Grants 5 £

6. EXPENDITURE 2012 - overview GENERAL COSTS: £382,394 PCC:£137,774 Operations:£244,620 Areas of expenditure: Mission & ministry: £ 66,738 (↓21% on 2011) Common fund:£ 56,700 (↑ 5%) Away giving:£ 14,336 (↓6%) Public access:£ 12,111 (↑1%) Church building:£103,288 (-) Venue/operations:£129,221 (↓1%) OTHER ‘RESTRICTED’ EXPENDITURE Property:£24,109 (↓ 28% on 2011) Restricted funds:£63,913 (↑ 192%) Includes: Crypt redevelopment (£46k) Church gardens(£3k)

7. EXPENDITURE 2012 – breakdown and development 2012 TOTAL CONSOLIDATED SPEND: £470,416 (↑ 3% on 2011) 7

8. Expenditure 2012 – comparison 2009 to 2012 Includes £49k crypt development spend 8

9. How Does Our Income Match Our Expenditure? 2012 RESULTS General funds at end 2012: deficit of - £11,934 Represented by: PCC: -£10,924 CCSV: -£1,010 Restricted funds at end of 2012: surplus of £38,369 Represented by: Property: £25,610 Restricted funds: £12,759 INCREASE in Group funds overall:£26,435 9

10. CASH position as at 31/12/12 General funds: £105,550 Restricted funds: £199,290 Property: (£34k) Funds: (£165k) TOTAL CASH on 31/12/12: £304,840** NET CASH POSITION 2012 * Minimum reserves equal to approx. 3 months operating costs **I ncludes debtors, net of any liabilities falling due within 12 months 10 Minimum reserve*

11. 2013 OUTLOOK & ACTIONS Key target is again to achieve a balanced budget, i.e. expenditure no higher than income Lift voluntary giving: ─preaching and teaching on good stewardship Lift venue hire revenue ─work with a catering partner to increase Christmas party sales ─improve sales resources to attract & convert more sales Reduce costs: ─reduction in Public Programme expenditure & staff costs ─reduction in Worship Leader hours ─reduction in casual verger hours Improve productivity: install Sage accounting software Projects: - Crypt redevelopment: submit planning application; further fundraising - CCSV: exploring new business model (outsourcing) - Hanbury Hall: redevelopment to begin; commence business planning 11