Financial Review In 2011, total Receipts were £131,745 and are detailed in the financial statements. £83,960 was spent to provide Christian Ministry from All Saints Church including the contribution to the Diocesan Parish Share, which largely provides the stipends and housing for the clergy. The net result for 2011 was a deficit of £7,658. This is against a surplus for 2010 of £11,266, which was due to the receipt of the Lister Legacy amounting to £18,771. Without this Legacy the deficit would have been £7,515. Income over Expenses in the General Fund produced £2,567 (in 2010 it was £871). This was achieved by a year on year increase in income of £1,439. Gifts by Gift Aid were up by £2,881, Income tax recovered was up by £455 despite the loss of Transitional Relief. Hire of the Church/Hall again decreased, this year by £1,340. A drive to keep down expenses resulted in a reduction of £5,677, down by 12.6% after taking out the Parish Share which increased by £4,116 (5.4 per cent). The other Parishes in the Benefice contributed £9,036 towards the team expenses. Expenses that reduced significantly were Ministry and Team Expenses £1,939 (there were fewer priests for much of the year), Children’s Groups £764, Evangelism £449, Gas £2,037 and Minor Maintenance and Equipment £1,240. The one item that increased significantly was Photocopying £848. There was little scope in 2011 for spending money on the Farbic. However, repairs to the external stonework were undertaken which were largely responsible for the total Fabric expenditure of £14,734. In 2011 £1,742 was spent from the Vicar and Wardens fund on Altar Requisites, this cost will revert to the General Fund in 2012. Restricted funding and Expenses are explained in the notes to the accounts. No funds were brought forward from last year as a Restricted Fund. The balances carried forward to 2012 are:-
Restricted funds Designated funds General funds Church Hall funds Total
Nil £19,186 £14,988 £19,616 £53,790
Reserves policy The Parochial Church Council is aware of the need to increase the reserves in both the General and Fabric Funds. This was addressed as part of our Stewardship Campaign launched in November 2011. Peter Hill and John King, February 2012.
Approved by the Parochial Church Council on Monday 12 March 2012 and signed on their behalf by the Reverend Canon Lee Francis-Dehqani (PCC Chairman)
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All Saints' Church, Oakham