All Saint’s PCC Treasurer’s report for 2014.
I am hopeful that the official report of the financial examiner will be available for the meeting but I
have produced a summary of the transactions for the year in case it is not.
A summary of Income and Expenditure for the year is provided overleaf.
Investments
The investments of the Clayton bequest have now been in place for a full year and since the financial
environment has been favourable have provided both a useful income of £21,000 and some capital
growth.
At 31st December the value of the investments was as follows:Deposit AC
Income Investment AC
Capital Growth investment AC
Capital Growth investment AC
Total
£389,902
£551,727
£366,248
£9811
£1,288,040
Restricted fund only for installing the WC
Income
The year saw a fall in planned giving as a number of members moved away from the area. The
general Sunday collection also fell in total as two services per month (February-October) were held in
St Mary’s. However income per week for the two Sundays per month when services were held in All
Saints remained at similar level to that for 2013.
Income from the donations box, coffee and sales has fallen. The church has been open less frequently
particularly on Saturdays and my impression is that, when open, fewer visitors arrived.
A legacy of £200 was received from the estate of M Heath.
St Mary’s were able to pay off their debts, which included more than 2 years of their share of Rector’s
expenses.
Expenditure
Our share of the benefice ministry costs was lower than in 2013 because of the way the Benefice
decided to split the total between the four churches.
Utility costs decreased probably partly because of the warm winter and our decision to keep the heat
on continuously. However it is in part due to the irregular billing from the Gas supplier and should be
larger than the figure shown. We also had the benefit of a full year of electricity from PV panels.
Building maintenance was low apart from the final payment for the work done on the chancel and
vestry roof and the window repairs. Now that all the Quinquennial work is complete we might hope
that building maintenance costs will be low for a few years.
There was an increase in cost related to the bells because we have paid a deposit on work to be
completed after the reordering.
The archdeaconry library continues to be a drain on resources but an increase in hirings already
booked for 2015 may help to remedy this.
Loss on year
The Parish share was paid in full but general outgoings exceeded the receipts. The good news is that
the overall loss was reduced from £15000 in 2013 to £1277 for 2014. While this a great improvement
the books can be balanced only by using dividends from the Investment account and drawing on some
capital.
Re-ordering work
Expenditure on the reordering during 2014 was almost entirely composed of fees for the architects and
consultants and totals £34,769 once VAT has been reclaimed
All Saints running costs 2014 (excluding reordering works)
Summary to
Income
Sunday Collections & Donations
Other service collections
Banns, Weddings, Funerals
Recharge Rectors expenses
Gift aid/ small donations refund
FIT payment (PV panels)
Yard Sales & events
Donations Box
Sales
Coffee etc
Archdeaconry library hire
P'copier recharge
Misc
Self Generated Total
Legacy
Bank Interest CCLA invest
Bank interest CCLA deposit
VAT repayment
Total income
Expenditure
Ely DBF Parish Share
Church Insurance
Audit
Clergy expenses
Churchwarden/officer expenses
Service costs (wine wafers etc)
Books and Course materials
Utilities
Organist, Choir, Bells fees
Organ,,bells & other music
Building maintenance
Charities
AS Cleaning
Subscriptions
Children/ Youth
Publicity
Misc
P'copier
Archdeaconry Library
Total Running costs
End of
Year
2014
Notes to 2014
2013
12337
1698
2109
1665
3792
757
1857
754
58
590
247
384
366
26614
200
21000
2000
2791
52605
14536
2050
2051
797
3494
774
2559
857
111
1333
20251
4534
2100
2186
22112
4698
2160
2486
652
108
2431
930
2162
12827
1298
540
548
200
120
150
940
1905
53882
620
141
3620
1254
1218
10375
1212
557
508
198
444
53
people leaving & collection 3/4th Sun to SM
nett of fees to Ely DBF
Inc SM repayment for 2.5 yr
est - in process of reclaim
Church open less often than 2013
264
32704
3000
9446
4564
49717
6317
64200
Reduction - Warmer winter and PV panels
Organ tuning & repair. Bell repair deposit
Mostly windows and roof, Quinqu’l. works
2013 included p’copier purchase 4000
Loss on year 2014 £1277