The parish is registered as a charity (no. 1133917) and the PCC (as Trustees) are responsible for ensuring that the charity remains financially viable and that the funds are used for the intended purposes of the charity.
As Parish Treasurer, my job is to monitor the income and expenditure, ensure that the Restricted and Designated funds are correctly used, and report the current state of the accounts to the PCC and the parish at large.
Financial update December 2021:
Thank you to all who have faithfully continued to give financially to our church during a difficult and challenging year. We anticipate just a small deficit this year— mainly because of the departures of some staff members and savings due to reduced expenditure. Full details of the audited accounts for 2021 will be available at our next APCM.
The PCC met on Monday 13th December at which our 2022 budget was presented and agreed. This anticipates a deficit of £33,000. You can access the details here. If you have any questions, please contact me at firstname.lastname@example.org.
Various scenarios for the budget were considered by the Finance Committee and the one agreed by the PCC will enable our new vicar Ben to consider the way forward for our parish without undue financial restrictions. The anticipated deficit is driven by major changes in giving income due to changes in our electoral roll.
The Finance Team will be working closely with Ben to achieve a more balanced budget by 2024. Groundwork to reduce the deficit has already been started by the Finance Team, Committee and Stewardship Adviser and the details are available here.
An overview of our General Fund income and expenditure is displayed on these charts.
Updates on finance matters will be coming over the next few months including the status of our major appeal funds.
My thanks go to the Finance Team and the Finance Committee for all their hard work this year.