APCM 2014

30th April 2015

APCM 2014Summary

A successful year with an overall surplus of £11,655

Additional planned giving raised approximately £ 17,000;

Generous donations and collections; Higher fees from Funerals; Costs reduced, principally maintenance; Outward giving set at 5% instead of 10% £30,000 set aside for our buildings Parish Council grant of £2,500 and Friends

income of £ 7,884 (restricted income)

KEY PARISH INDICATORS

2010 2011 2012 2013 2014GROWTH Actual Actual Actual Actual ActualADULTS 124 118 118 124ADULTS : New basis 90CHILDREN 17 22 17 19 12

BAPTISMS 32 35 37 20 14WEDDINGS 22 15 22 15 14FINANCIALPLANNED GIVING £124,280 £126,118 £125,547 £116,145 £118,475COSTS/DAY* n/a n/a £453 £411 £396RESULTS -£23,362 -£20,231 £8,024 £0 £11,655ALL RESERVES n/a n/a £149,054 £179,248 £228,787

*Costs/day exclude outward giving costs and property reserve provisions

APCM 2014 2015 strategy

Our strategy for 2014 was to increase our reserves and prepare for 2015

Our reserves now stand at £206,000 (unrestricted and property)

As we discussed at our meeting in January, our plan for 2015 anticipated:i. A substantial decrease in donor and rental

income (£27,600) ii. Additional overhead costs ( parish share,

governance and inflation) (£7,400) iii. An improvement in our Crossway printing costs

We are forecasting a loss for 2015 (excluding Youth worker and architect costs)

APCM 2014St Alban’s House

To mitigate the ongoing deficit, the PCC has agreed to sell St Alban's House and reinvest the proceeds in 2 rental properties;

It is anticipated that when the new properties are let, the benefit will be to improve the current income;

St Alban's House is now vacant and on the market: the rental income is forecast to start towards the end of 2015;

APCM 20142015 improvement

What else can we do to improve our financial

position?

i. Rent out St Alban's room;ii. Create additional fund-

raising opportunities; iii. Reduce our Parish

Share/other costs;iv. Increase our congregationv. Institute a gift day/ revisit

our planned giving;vi. Enhance our current

income- activities further; vii. Any other ideas?

APCM 2014Conclusion

If we sell St Alban's house and reinvest the proceeds as planned, we might, together with some of the other initiatives, approach

break-even in 2016.

APCM 2014

30th April 2015

QUESTIONS?