Sacred Hearts’ Church

Financial Statements for the Twelve Months Ended 31 December 2018

Financial Statements
For the twelve months ending 31st December 2018
Church Receipts 2018 2017 Change  
Gift Aided Offertory Income £59,240 53.27% £52,627 22.06% £6,613 12.56%
Non Gift Aided Offertory Income £27,733 24.94% £28,979 12.15% (£1,246) -4.30%
Total Offertory Income £86,973 78.21% £81,606 34.21% £5,367 6.58%
Donations £9,218 8.29% £3,260 1.37% £5,958 182.77%
Legcies £0 0.00% £100 0.04% (£100) -100.00%
Money taken from GDF £0 0.00% £141,026 59.12% (£141,026) -100.00%
Interest 3370.23 3.03% 0 0.00% £3,370 100.00%
Other Income £11,637 10.47% £12,551 5.26% (£914) -7.28%
Total £111,198 100.00% £238,543 100.00% (£127,345) -53.38%
             
Church Payments 2018 2017    
Diocesan Share Capital Levy on GDF accounts (£44,696) -40.19% (£40,227) -16.86% (£4,469) 11.11%
             
Clergy Stipend, Supply & pension scheme (£2,890) -2.60% (£3,336) -1.40% £446 -13.38%
Staff Salaries (£19,513) -17.55% (£11,122) -4.66% (£8,391) 75.45%
             
Church Expenses (£10,626) -9.56% (£10,717) -4.49% £91 0.99%
             
Council Tax (£1,533) -1.38% (£1,507) -0.63% (£26) 1.73%
Utilities (£6,456) -5.81% (£3,233) -1.36% (£3,223) 99.70%
Repairs and Renewals (£8,520) -7.66% (£2,839) -1.19% (£5,681) 200.12%
Building Works (£7,958) -7.16% (£173,638) -72.79% £165,680 -95.42%
Other (£11,774) -10.59% (£11,510) -4.83% (£264) 2.29%
Total (£113,967) -102.49% (£258,130) -108.21% £144,163

-55.85%

Church Net Payments (£2,769) -2.49% (£19,587) -8.20% £16,818 -85.86%
 
 
Cash and Bank Bank Petty Cash GDF Deposit Total
Balance at 1 January 2018 11,260 0 222,819 234,079
Church Net Receipts -2,769 0 0 -2,769
Special Collections Net Payments 854.93 0 0 855
Balance at 31st December 2018 9,346 0 222,819 232,165

 

The figures above relate to the main parish account and show the Receipts and Payments for year ended December 2018, with a comparison to 2017.

Special collections for 2018 totalled £15,239 compared with £15,339 for 2017.

Further Donations of around £2,000 have been made, by the parish, through the parish committees work and a £25,000 donation on behalf of the parish, towards a school Eco Learning space, is pending and conditional on match funding. Thank you for your generosity and support.

During this year we have incurred the final costs of the 2017 buildings work on the Sacred Hearts site, which was retained of £6,500,

Work in the church includes the installation of the final sets of blinds on the sanctuary, the relocation and repair of the baptismal font, the alteration of the pews which accounts for the 200.12% increase costs. Off set the contribution of £5,310 from the parish 200 club.

The 75.45% increase in staff salaries is due to the centralisation of the parish accounts and a temporary increase of hours for a fixed term period.

 

On 1st January 2019 ALL Parish accounts were centralised and now fall under the control of the Parish Finance Committee and the parish priest.

 

During 2019 there will hopefully be:

  • improvement to the external and internal lighting.
  • 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 look forward to building on the good works that we do as a parish community.

Father Mark Moran

1st March 2019

 

 

OTHER PARISH ACCOUNTS          
  Balance 2017 Income Expenditure Balance 2018 GDF Account
BAR £2,402 £5,141 £4,668 £2,875 £19,000
HALL £6,920 £49,819 £36,451 £20,288 £30,015
200 CLUB £5,376 £10,235 £7,912 £7,700 £9,000
CK FILM SOCIETY £3,206 £7,963 £7,872 £3,297 £5,000
SQUASH & RACKET BALL CLUB £10,770 £9,851 £2,485 £18,136  
JUSTICE AND PEACE £772 £1,384 £1,272 £883  
  £29,447 £93,321 £108,637 £29,447 £63,015