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Financial Report 2008

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

21st June 2009

This report should be read in conjunction with minutes of the Open Parish Meeting 2009

Fr Kieron notes: "My thanks go to the volunteers on the Parish Finance Committee for producing these figures. On the face of it we are doing quite well, as there is a modest surplus of income over expenditure. However, there is not much slack for complacency! I would like to thank parishioners for their continued generosity, even in these days when we are all tightening our belts. I would also like to urge those who are not yet part of the Gift Aid Scheme, to consider joining. If anyone would like a more detailed breakdown of the figures, please contact the Finance Committee via the Parish Office.

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Please note the following when reading the Parish Accounts statement;
1. Parish Accounts are maintained in line with the proceedures laid down by the Diocesan Finance Office and on completion each year are sent in to be checked and audited.
2. The reason for the difference between the figures given at the Parish Open Meeting and those listed in the Income and Expenditure Statement is that the former included all income received by the parish including stipends, Christmas Offerings etc which go towards the cost of the parish clergy. These are left out of the Income and Expenditure Statement 2008 as the purpose of this is to show parishioners where the monies received came from and how it was spent in running the parish.

Income 2008

Offertory Collections
£80,740
Donations
£2,856
Legacies£51,001
Tax rebates
£18,353
Bank Interest
£5,080
Repository£1,585
Chaplaincy
£8,415
Fund Raising
£5,569
Other income
£2,587
TOTAL 2008 £176,186
TOTAL 2007 £145.571

Expenditure 2008

Personnel
£27,977
Travel
£2,088
Office
£9,558
Establishment
£18,150
Domestic
£8,077
Repository£2,470
Property
£19,921
Liturgical/pastoral
£20,212
Schools
£3,901
Projects
£26,782
Third party £25,398
Other£0
TOTAL 2008 £164,564
TOTAL 2007 £137,665