Post on 04-Apr-2018
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Financial Review
January 2013
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Topics for today
Highlights of 2012
Looking forward to 2013
Action
Accounting Change for 2013
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Alpha
Children
Crossway
Young
People Way In
Healing
On the
Streets
Living
Stones
Toddlers
Outreach
To
Older
People
ReachingThe
Lost
Students
Touching
Our
Community
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Financial Highlights from 2012
Detailed accounts not yet available BUT
Income lower than budget by 34K
Costs lower than expectedWhy? Mainly:
Staff vacancies saving 32K
Lower maintenance/running costs 16K Expect a small deficit in the year of 9K
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Income 2008 to Forecast for 2013 k
0
100
200
300
400
500
600
700
800
900
1000
2008 2009 2010 2011 2012 2013
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An open door to our community
We want greater impact in 2013 & beyond
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Provisional Plan for 2013
Living Stones 160k
Staff costs 308k
Common Fund 214K
Ministry 39k
Management & Support109k
Building repairs 29kTotal Costs of 859K
Includes ministry outside the parish of 280K
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Cost Comparison 2012 v 2013 k
634 699
160 160
0
100
200
300
400
500
600
700
General Fund Living Stones
2012
2013
2012 Costs are only estimated
2013 cost budget is only 6K higher than 2012 budget
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2013
Backdrop of reducing income
Cost forecast of 859K
Based on current commitments income of787K
Not a short term problem but not
sustainable in to 2014 PCC has put some new spend on hold
Further review by PCC in March 2013
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Action
Todaycollect 2013 giving packExisting givernamed pack
Newun addressed pack
Includes booklet on principles of tithing fromNigel
Next 2 weeksPray
seek the Lord over how much you shouldgive regularly to the ministry of St Johns(more, the same or less?) and/or additionalone off gifts if appropriate.
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Action: once you have made a decision then
please complete the pledge form
Gift AidIf you are a taxpayer pleaseindicate so that we can arrange to recover
the tax on your gifts
The pledgeChanged
January 27thGift Dayplease
return your pledge in collecting baskets
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Accounting Changes
in 2013
Changes to Living Stones RestrictedFund
A Restricted fund should be in surplus
or at worst have zero balance
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-67.5 -72.9
-100
-50
0
50
100
150
200
2012 2013
IncomeExpenditure
Deficit
Living Stones 2012 & 2013 k
42% of costs 46% of Costs
WHY: 47% of people do not allocate giving
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Changes
Removal of the Living Stones (LS)
restricted fund status from 1st Jan 2013
Auditors & PCC have approved changes
No effect on LS as it will continue to be
funded as now with budget set by PCC
Options on Gift Pledge removed & existingpledges are void
You may still give to LS