From John Marsland, chairman of the Parish Finance Council.
I briefed you in December last year and I am pleased to report that the year since then has been financially stable. We have completed a few projects, notably the reorganising of the Narthex and the refurbishment of the administration office.
Our beautiful, historically important Church requires constant maintenance and updating and two big projects are waiting in the wings. These are the repair of the Chimney stacks in the presbytery at a cost of £14K and the repairs to the boundary wall at a cost of £19K. In addition we are currently conducting surveys to see the extent of the repairs required to the presbytery stonework, this will be a six figure sum, a challenge for future years.
Fortunately, thanks to your generosity we are able to meet our current commitments as our balances are currently £18K in the current account and £45K in the deposit account with the Diocese. These numbers will be increased by £9K which is due from the Gift Aid scheme. Many thanks again to those who participate in this way.
Also, as you know, under the diocesan development programme, ‘Forward Together in Hope’ we will be starting to work more closely in partnership with neighbouring parishes. In the not too distant future the partnership may be looking at employing staff to do some of the work that has previously been done by clergy, and this will have financial implications.
In this briefing I thought it may be helpful if I mention some of the routine types of expenditure we incur each year. Some examples are Repairs and Renewals £15K, Administration £11K, Wages £12K and Diocesan Levy £9K.
You will all have seen in the press how inflation is on the rise, for example a pound donated in 2007 is now worth only about 80p. This has a detrimental effect on our finances and it is perhaps worthwhile for all of us to consider from time to time the effect of this on our individual donations.
Thank you all for your continuing generosity. It is this which allows us to face our future financial responsibilities with confidence whilst supporting relevant worthy causes at the same time.
In conclusion, thanks to your contributions the Parish continues to have a beautiful Church of which we can be proud and a Presbytery with Hall which is in constant use.
Again we are on the threshold of yet another well managed but challenging financial year.