Sacred Hearts’ Church

Financial Statements for the Twelve Months Ended 31 December 2017

Church Receipts 2017 2016 Change
Gift Aided Offertory Income £52,627 22.1% £54,642 55.4% £(2,015) -3.7%
Non Gift Aided Offertory Income £28,979 12.1% £26,599 26.9% £2,380 8.9%
Total Offertory Income £81,606 34.2% £81,241 82.3% £365 0.4%
Donations £3,260 1.4% £4,245 4.3% £(985) -23.2%
Legcies £100 0.0% £100 0.1%
Money taken from GDF £141,026 59.1% £141,026 100.0%
Interest £3,743 3.8% £(3,743) -100.0%
Other Income £12,551 5.3% £9,385 9.5% £3,166 33.7%
Total £238,543 100.0% £98,714 100.0% £139,829 141.7%
Church Payments 2017 2016 Change
Diocesan Levy £(37,556) -15.7% £(34,051) -34.5% £(3,505) 10.3%
Capital Levy on Deposit Funds £(2,671) -1.1% £(7,911) -8.0% £5,240 -66.2%
Clergy Stipend and Supply £(2,346) -1.0% £(2,306) -2.3% £(40) 1.7%
Priests Pension Scheme £(990) -0.4% £(2,991) -3.0% £2,001 -66.9%
Staff Salaries £(11,122) -4.7% £(11,008) -11.2% £(115) 1.0%
Church Expenses £(10,717) -4.5% £(8,698) -8.8% £(2,019) 23.2%
Council Tax £(1,507) -0.6% £(1,470) -1.5% £(37) 2.5%
Utilities £(3,233) -1.4% £(4,994) -5.1% £1,761 -35.3%
Repairs and Renewals £(2,839) -1.2% £(3,178) -3.2% £339 -10.7%
Building Works £(173,638) -72.8% £(173,638) -100.0%
Other £(11,510) -4.8% £(11,212) -11.4% £(298) 2.7%
Total £(258,130) -108.2% £(87,819) -89.0% £(170,311) 193.9%
Church Net Payments £(19,587) -8.2% £10,895 11.0% £(30,482) -279.8%
Cash and Bank Bank Petty Cash GDF Deposit Total
Balance at 1 January 2017 43,085 21 360,000 403,107
Church Net Receipts -32,394 47 -137,181 -169,528
Special Collections Net Payments 500 0 0 500
Balance at 31st December 2017 11,192 68 222,819 234,079

The figures above relate to the main parish account and show the Receipts and Payments for year ended December 2017, with a comparison to 2016.

Special collections for 2017 totalled £15,339 compared with £16,441 for 2016.

Additional Donations of around £8,000 have been made, on behalf of the parish, to The Cornerstone Centre, Family Space (Hall Books), Nazareth House and All Saints Academy as well as the money that has been given through the Bar Committee to a number of Good causes and the Justice and Peace Group. Thank you for your generosity and support.

This year we have spent £173,638 on buildings work on the Sacred Hearts site, including the presbytery. Additional money, from the revenue generated from hiring out the hall, has also been spent in relation to access and safety compliance work that needed to be done. I thank Rob Coughlan, Julian Magee and the Hall committee for oversee all this work on behalf of the parish.

Further investment is expected in church refurbishments – including improvements to the lighting and sounds system. Roller blinds are also to be installed in phases, within the church.

Grounds work also needs to be carried out and improvement to the external lighting.

We are also looking at doing repairs to the car park and re-marking the parking bays in compliance with parking regulations – this may result in a reduction of the number of parking bays that are available.

I thank you for the tremendous welcome I have received by the parish, on my arrival as parish priest, in September 2017 and look forward to building on the good works that we do as a parish community.

Father Mark Moran

19th March 2018

 

The various committees that operate within the parish, do so in the name of the parish. The current assets of the other parish accounts are:-

 OTHER PARISH ACCOUNTS Balance 2016 Income Expenditure Balance 2017 GDF Account
BAR £2,613 £10,813 £11,023 £2,403 £19,000
HALL £13,399 £50,262 £56,742 £6,920 £36,015
200 CLUB £14,577 £10,632 £19,832 £5,376 £15,000
CK FILM SOCIETY £5,996 £10,826 £13,616 £3,206 £5,000
SQUASH & RACKET BALL CLUB £7,089 £8,769 £5,089 £10,770
JUSTICE AND PEACE £1,088 £2,018 £2,335 £772
£44,763 £93,321 £108,637 £29,447 £75,015