Church Income and Expenditure (Last Updated 18/08/2010)

Income & Expenditure 2010
 
January 2010
 
Income £3843-89
 
Expenditure £3027-14
 
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February 2010
 
Income £2096-91
 
Expenditure £2145-82
 
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March 2010
 
Income £5169-84
 
Expenditure £1902-57
 
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April 2010
 
Income £5580.81
 
Expenditure £2217-94
 
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May 2010
 
Income £8203.82
 
Expenditure £5870.07
 
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June 2010
 
Income £2687-03
 
Expenditure £2193.02
 
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July 2010
 
Income £2564.92
 
Expenditure £3927.89
 
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Some Interesting URC Financial Facts which we will encounter in 2011:
 
Direct Ministry Costs 2011
 
Total Cost £22.7m
 
Cost per Stipendiary Minister £32,000
 
Cost per URC Member £249
 

Ministry Related Costs 2011
 
Total Cost £2.6m
 
Cost Per sitpendiary Minister £5,000
 
Cost per Member £39
 
Other Costs 2011
 
Total Costs £3.2m
 
Cost per Stipendiary Minister £6,000
 
Cost per Member £47
 
Overall Total
 
Total Costs £22.7m
 
Cost per stipendiary Minister £43,000
 
Cost per Member £335 (£6.44 per week)

The Church holds an Investment Portfolio of £121,000 (November 2008) (long term) to fund the Building Bridges Project and use of the Children's Centre over the next 10 yrs. This is currently yielding £846 per month and is being dispersed into the Fellowship Fund (Current Account) (approx 10%) and the Community Fund (Project Account) (approx 90%). It is hoped the overall yield will be circa £10,000 pa. We will transfer approximately £7,000 to the Community Fund each year for the next 10 years,(this will be used to pay rental for use of the Centre (currently £5,000 or 12.5% of the annual running cost, whichever is the greater, (though in real terms our use of the centre is only around £1,500 -the balance of £3,500 (£5000) is seen by the church as a contribution towards the centre running costs)). £1500 will remain in the Fellowship Account to balance the books.
 
The Church also had £60,000 in short term investments but this has diminished to below £24,000 due to us having to purchase a Manse and repay a mortgage each month. It is anticipated that this fund will have gone completely by March 2010.
 
The church has a Memorial Account which is made up of bequests. It stood at around £4500 at the beginning of the year. Due to the church having to purchase new furnishings this has diminished and now stands at £140.75 (January 2009).
 
The church has £12,000 invested in Income Bonds. This yields an average income of £40 per month which goes into the Fellowship Account and is used to balance the books.
 
Finally, the church holds £2803.00 in 3.5% War Stock Certificates which yield £49.05 in June and December each year - this is again used to balance the books.
 
If you have any questions regarding our accounts please feel free to ask by contacting the Church Officers - see contact pages on this website.
 
This is by no means the end of our search for financial support. We are actively exploring other avenues in order to take us forward into 2016!!!!!

We want to be wholly transparent with the Community in terms of what is going on financially both within the church and the "Building Bridges Project".