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Financial Report 2010

For St. Richard's, Chichester, Our Lady of the Assumption, Bosham

21st May 20

Once again the time has come to present our Parish financial summary for the past year. I wish to express my thanks to the Finance Committee, not only for producing these figures but for their diligence in looking after our money throughout the year. I have always been struck by the generosity of the people of the Parish and this is particularly true of the support given to our chosen charities and to one off appeals such as that for Haiti. These figures do not appear in the schedule presented as the report is only concerned with income and expenditure for the benefit of the Parish - as opposed to "third parties".

As you will see, there is a modest surplus of income over expenditure, however in reading these figures it must be borne in mind that the income was artificially augmented by a substantial legacy. While at the same time, the expenditure was much greater than usual because of the refurbishment project. If we remove these two "extraordinary" amounts, then a more realistic figure shows the surplus over the year to be in the region of £5,000. With the increasing costs of simply "keeping the show on the road", we clearly do not have much of a cushion to fall back on. So there is no room for complacency and yet there is much to be grateful for. One way of increasing our income fairly painlessly would be for people to use the Gift Aid scheme; accordingly 1 would like to draw your attention to the letter on the back of this leaflet. If you would like more detail or would like any questions answered regarding this report, the Finance Team are in the office every week and would be pleased to contact you.

Once again my renewed thanks for your continuing generosity and support.
21" May 2010
Fr KieronO'Brien

Income 2009

Offertory Collections
£82,183
Donations
£1,345
Legacies£62,111
Tax rebates
£15,432
Bank Interest
£3,054
Repository£1,710
Chaplaincy
£8,415
Fund Raising
£4,428
Other income
£1,180
TOTAL 2009 £179,858
TOTAL 2008 £176,186

Expenditure 2009

Personnel
£27,994
Travel
£1,509
Office
£7,252
Establishment
£18,968
Domestic
£7,528
Repository£2,395
Property
£4,038
Liturgical/pastoral
£14,975
Schools
£4,590
Projects
£50,959
Diocesan levies £23,513
Other£0
TOTAL 2009 £163,720
TOTAL 2008 £164,564