APCM 2015
th
28
April 2016
APCM 2015
Summary
An operating deficit of £11,785
 Sale of St Alban’s House generated a super profit
of £536,801
 Generous legacies and donations of £16,000;
 Costs increased, principally maintenance and a
new boiler (£19,000);
 Our net income has declined by £33,000
 Outward giving returned to 10%
 £10,000 set aside for our buildings
 Overall reserves have increased from £228,787 to
£767,235
APCM 2015
2015 Plan
 Our plan for 2015 anticipated a loss based on:
i. A substantial decrease in donor and
rental income (£27,500)
ii. Additional overhead costs ( parish share,
governance and inflation)
iii. An improvement in our Crossway
printing costs
iv. A rental income from a new property
However, the additional boiler costs were not
forecast but neither were the legacies &
donations
KEY PARISH INDICATORS
GROWTH
ADULTS
ADULTS : New basis
CHILDREN
BAPTISMS
WEDDINGS
FINANCIAL
PLANNED GIVING
COSTS/DAY*
RESULTS
ALL RESERVES
2011
Actual
118
2012
Actual
118
22
17
2013
Actual
124
101
14
35
15
37
22
20
15
£126,118
n/a
-£20,231
n/a
£125,547
£453
£5,208
£149,054
2014
Actual
2015
Actual
90
16
86
15
14
14
10
13
£116,145 £118,475 £104,160
£411
£396
£429
£19,400 £41,237 -£11,785
£179,248 £228,787 £767,235
*Costs/day exclude outward giving and property/boiler reserve
provisions
4
APCM 2015
St Alban’s House Gain
 To mitigate the ongoing deficit, the PCC had
agreed to sell St Alban's House and reinvest the
proceeds in 2 properties;
 1 property has been purchased for £310,000 and
is now income producing;
 The PCC are now exploring the purchase of a
second property, which if completed, will be
income producing by the year-end
APCM 2015
2016 Forecast
• Currently we are forecasting a higher deficit for
2016
• Our Parish share will remain at the 2015 rate: it is
anticipated that our parish costs will better reflect
our congregational numbers in 2017;
• 2015 was a poor year for Fund-raising and no
improvement has been anticipated for 2016;
• We will need to improve our planned giving, as
overall it has decreased by £14,000, with a further
decrease expected in 2016
What can we do to improve our financial
position?
APCM 2015
CONCLUSION
• WE have a strong Balance sheet
• WE are cash strong
• WE have reserves specifically to cover the
Quinquennial building work required
BUT
WE need to balance our books and generate
more income
APCM 2015
th
28
April 2016
QUESTIONS?