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Parish Accounts for year ending 31st December 2001.
Reproduced overleaf are the parish accounts for the calendar year just ended. They form the third from left hand column on each page. The corresponding accounts for the previous three years are also included in further columns - as is the original projection for 2001 and a new one for 2002.
Fr Hugh would like to take this opportunity of thanking the parish finance team for the very hard work they put in throughout the year - in particular Mr Vincent Hawkett who meticulously counts and records the collections, Mr Alan Gray who balances the accounts each month and Mr Norman Philips who has the task of sorting out the rather complicated matter of covenants. These are real "heavy" jobs and he does not know (or would rather not think about) where he would be without their sterling efforts
Notes to Accounts: (These notes refer only to 2001 accounts unless otherwise stated.)
1. The Diocese has changed the accounting headings a little over the years, we have tried to present these accounts with consistent and comparable heads by allocation and combination. These changed again this year as Respository becames a separate item as did adult formation.
2. The accounts presented are on a cash basis and do not fully reveal either money owed to the parish nor what the parish owes to others. At the end of the year the parish was owed £17,000 in tax refunds from the inland revenue. These have now been received. At the same time the parish owed the Diocese about £2000 for second collections, other creditors came to £4000 and the Millenium Youth Fund was owed £5,500. These have been paid out of the tax money received but none of this features in the accounts presented overleaf.
3. The only investments that the parish held at 31/12/01 are the cluniac units (worth about £750) that fund the existing recent Foundation Masses. The funding for earlier Foundation Masses remains with the Carmelites- as you know we are trying to sort this out at present.
4. The money shown as being paid to the school consists of money raised for the Toilet Block and the substantial parish contribution towards the cost of proper Bibles for all school leavers. The School Capital Fund appeal was wound up last year when the cost of the Portakabin had been paid off. This year we will only collect for School Toilet refurbishment. All other money raised by the school etc is handled entirely by them and accounted for in the school accounts. However we do additionally pay the Diocesan levy of £6,500 much of which goes to the schools commission.
5. Missing from the parish accounts - as the money goes straight to Fr Hugh forming his income - in addition to Christmas and Easter offerings included in the parish accounts - are the Mass Stipends (£1865 - some included in the parish accounts) and Stole Fees (for Weddings, Funerals and Baptisms) - (£1087) This last is falling slowly year on year. Last year almost a third of the Baptisms and Weddings made no offering at all
Specific Variations in 2001 accounts.
(a) Income:
1. The collection income for the year shows little improvement on that for 2001. The improvement per capita referred to in the last Annual Financial Report has been reversed and the situation only ameliorated by a significant increase of 10% in average Mass Attendance which left collection income roughly unchanged over the year. By comparison Northfleet and Meopham - our neighbouring parishes - both average over £2 per capita. The target of £36,000 set for 2001 was not achieved but we hope that we may be able to rach that target in 2002. If not we will have to reconsider the decision to donate the proceeds of the Fete to outside charities
2. We are not currently running any major special collection or appeal. Those for the School Extention and the Thatch have achieved their goal. Last autumn Michael Kivatus collection will achieved its goal with his ordination in Kenya. It is your parish priest's (self-interested) opinion that we need to build up resources to tackle in some way the problems of Whitefriars that have been shelved ever since the 1975, 1977 and 1997 surveys condemned the building.
Variations (Expenditure).
1. The main expenditure in 2000 was the re-thatching of our church. This exhausted our savings as I also had the shingles cleaned, repaired and sealed. The re-wiring of the outside lighting was done in early 2001 and appears on the 2001 accounts. Two further jobs remain to be done in the church: (a) the extension of the CCTV system to include the outside of the building and catch those who are damaging the thatch and (b) the removal of the meeting room pillar. These are both in the 2002 budget - the latter as an extrordinary expenditure.
2. Currently house maintenance is only on "as necessary" basis whilst we seek solutions to the structural problems concerning "Whitefriars"- but rooms are being "done up" once sound.
3. The car figure is much higher in 2001 as I claimed the full diocesan rate of 20p per mile... especialy as the KCC re-imburses the parish for mileage I do for them at 42p per mile ! I was claiming c 10p per mile and (15p in retrospect for 2000) in previous years. The current official rate is now 22.5p
4. £5500 has to be set aside for Youth Work - Millenium Fund. This has now been paid in 2002. We have agreed that the proceeds of the 2002 Fete will go to a selection of local charities who are finding the going tough. This is shown in the "Budget 2002" column. Having allowed for this, it is hoped that we may be able to save something from our tax refund with the Diocese as a contingency.
5. In the course of 2002 we are going to have to move our bank account to NatWest as the diocese implements centralised banking. Getting the money to the bank will become a problem
Medium and Long Term Strategy.
Generally the lack of free reserves is agreed to be not a good idea and restoring them to at least £10,000 a priority. Until we do so we would be unable to meet any large unforeseen expenditure.
The current policy with regard to "Whitefriars" is essential maintenance only. This is now becoming less expensive as we realise the underlying causes of some of the faults - new joints are put in with expansion linkings when thay have to be replaced. The large sitting room has been re-decorated, recarpetted and re-furnished
Income
Budget 02 |
Year 2001 |
Budget 01 | Year 2000 | Year 1999 | Year 1998 | |
Covenantable Ord Rcpts |
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Offertories |
£36,000.00 | £33,730.43 | £36000.00 | £33029.55 | £29508.05 | £27,289.84 |
Parish Second Collection |
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Diocesan Second Colln |
£3,000.00 | £3,140.61 | £2400.00 | £2295.54 | £2187.58 | £2,652.31 |
Xmas&Easter Offerings |
£3,900.00 | £3,879.76 | £3600.00 | £3546.58 | £3420.47 | £2,707.29 |
Other Coventanted Donations |
£1,000.00 | £100.00 | £2000.00 | £1616.94 | £2292.00 | £2,372.00 |
Total Covenantable Receipts |
£43,900.00 | £40,850.80 | £44000.00 | £41,790.61 | £37228.10 | £35,021.44 |
Non-Coventantable Ordinary Receipts |
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Interest & Investments |
£50.00 | £40.50 | £250.00 | £196.56 | £510.51 | £523.21 |
Fetes & Bazaars |
£6,000.00 | £6,951.97 | £6000.00 | £6327.70 | £5972.75 | £4,869.80 |
Votive Candles etc |
£2,000.00 | £1,793.31 | £1750.00 | £1712.73 | £1565.37 | £1,730.48 |
Rent of M.R. |
£60.00 | £56.30 | £50.00 | £50.00 | £55.00 | £35.00 |
Catholic Papers & Pubs |
£1,200.00 | £1,833.19 | £1400.00 | £1717.44 | £1496.97 | £1,542.26 |
Mass stipends through parish |
£0.00 | £215.00 | £50.00 | £13.68 | £38.68 | £233.68 |
Misc (Sacraments etc) |
£1,500.00 | £1,527.75 | £1200.00 | £1162.65 | £1156.52 | £1,296.84 |
Tax Refunds -covenants |
£21,000.00 | £0.00 | £15500.00 | £84.61 | £5132.66 | |
Transfers fromother a/cs |
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Total non-cov receipts |
£31,810.00 | £12,418.02 | £26,200.00 | £10,573.27 | £15,927.46 | £10,231.27 |
Extrordinary Receipts |
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Legacies, Grants, Donations |
£2829.23 | £212.00 | ||||
Special Collections & Appeals |
£3,500.00 | £3,034.00 | £3000.00 | £3078.80 | £3476.79 | £3,164.87 |
Money from deposit |
£14302.19 | |||||
Ins Claim & PO Comp |
£1,473.10 | |||||
Total Extrordinary Receipts |
£3,500.00 | £3,034.00 | £3,000.00 | £17380.99 | £6306.02 | £4,849.97 |
Total Receipts |
£79,210.00 | £56,302.81 | £73,200.00 | £69,744.87 | £59,461.58 | £50,102.68 |
Standardised per capita |
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giving (main offertory) per person at |
£1.25 | £1.14 | £1.26 | £1.26 | £1.13 | £1.06 |
Mass per week. |
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Net Parish Assets at Year End |
£9,000.00 | £3,114.89 | £13,700.00 |
£1,663.28 | £15361.00 | £12,879.18 |
Expenditure
Budget 02 |
Year 2001 |
Budget 01 |
Year 2000 |
Year 1999 | Year 1998 | |
Ordinary Payments |
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Church: Supplies/Consumables |
£4,500.00 | £3,650.90 | £2,500.00 | £4244.93 | £3,085.05 | £2,454.97 |
Ord Repairs & Maint |
£2,000.00 | £1,227.08 | £2,000.00 | £1575.82 | £624.94 | £393.04 |
Furniture & Equipment |
£1,000.00 | £709.50 | £500 | £604.72 | £1,474.96 | £2,702.29 |
House; Food & Household Exp |
£3,500.00 | £3,178.02 | £3,200.00 | £2714.60 | £3,184.00 | £3,196.18 |
Ord Repairs & Maint |
£1,200.00 | £1,101.07 | £3,000.00 | £412.68 | £1,518.74 | £921.10 |
Furn & Equipment |
£800.00 | £531.68 | £1,500.00 | £3003.45 | £2,522.74 | £1,803.43 |
Staff - Wages Domestic Help |
£2,500.00 | |||||
- Other Wages |
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National Insurance |
£104.00 | £104.00 | £104.00 | £166.85 | £338.00 | £774.70 |
Property Ins, Rates & Taxes |
£3,500.00 | £3,218.00 | £3,000.00 | £2705.14 | £2,486.03 | £2,096.54 |
Heat and Light |
£4,500.00 | £4,231.77 | £4,000.00 | £4012.38 | £3,243.99 | £3,232.57 |
Diocesan Development Fund |
£6,500.88 | £6,500.00 | £6,000.00 | £6500.00 | £6,500.00 | £6,500.00 |
Telephone, Stationery & Post |
£4,500.00 | £4,308.79 | £4,500.00 | £4359.98 | £4,101.08 | £4,370.46 |
Catholic Papers & Publications |
£1,400.00 | £1,368.87 | £2,000.00 | £1999.18 | £1,780.81 | £1,795.50 |
Mass stipends through parish |
£450.00 | £345.00 | £100.00 | £20.00 | £108.68 | £170.00 |
Misc (Sacraments etc) |
£1,200.00 | £1,203.78 | £1,800.00 | £237.75 | £1,405.71 | £1,296.84 |
Car Allowances |
£5,500.00 | £5,457.45 | £3,200.00 | £2625.00 | £2,400.00 | £2,600.00 |
Christmas & Easter Offerings |
£4,000.00 | £4,021.21 | £3,600.00 | £3398.13 | £3,230.47 | £2,697.29 |
Area Bishops Fund |
£520.00 | £502.00 | £504.00 | £496.00 | £527.00 | £445.00 |
Sick & Retired Priests Fund |
£2,100.00 | £1,259.92 | £1259.92 | £1259.92 | £1,259.92 | £1,259.96 |
Fete expenses & prizes |
£6,500.00 | £6,876.23 | £1,600.00 | £1697.63 | £1,213.93 | £716.06 |
Bank Charges & Misc |
£700.00 | £694.17 | £1,800.00 | £1743.98 | £1,070.24 | £2,198.51 |
Clergy in-service training |
£240.00 | £35.00 | £150.00 | £140.00 | £58.50 | £165.00 |
Deanery Levy |
£300.00 | £250.00 | £250.00 | £216.60 | £138.80 | £104.50 |
Payment of Diocesan Collectns |
£3,250.00 | £615.50 | £2,550.00 | £2099.87 | £2,887.83 | £2,070.00 |
School |
£500.00 | £552.00 | £500.00 | £1280.00 | £4,066.08 | £4,168.68 |
Total Ordinary Payments |
£61,264.88 | £51,941.94 | £49,617.42 | £47,814.61 | £49,427.50 | £47,452.91 |
Extraordinary Payments |
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Repayment of Loans from Ps |
£32.00 | |||||
Money put on loan to Diocese |
£12,000.00 | £463.92 | £6,500.00 | |||
Interest paid |
£1.44 | |||||
Payment of Special Collections |
£2,500.00 | £2,590.27 | £7,700.00 | £2358.69 | £3,211.42 | £2,780.54 |
Replacing vessels/thatch&MM |
£2,000.00 | £1,405.99 | £4,000.00 | £18,868.00 | £4,664.51 | £1,505.10 |
Total Extraordinary Payments |
£4,500.00 | £3,996.26 | £27,700.00 | £21,226.69 | £8,339.65 | £9,607.35 |
TOTAL PAYMENTS. |
£65,764.88 | £55,938.20 | £73,317.42 | £69,041.30 | £57767.15 | £57,140.26 |