THE FRIENDS OF ST JAMES THE GREAT, THORLEY
ANNUAL GENERAL MEETING 18th MARCH 2005
TREASURER'S REPORT - YEAR ENDING 31 DECEMBER 2004
1. The year was again financially very successful. There was an excess of income over expenditure of £5272.50 compared to an excess of income over expenditure of £4725.78 in 2003. This is an increase of £546.72. This year exceptionally includes Gift Aid Tax Refunds for prior years. Without theses the excess for 2004 would be £4306.57 a decrease of £419.21 from 2003.
The excess funds have been invested in the Central Board of Finance (CBF) until such time as they are required.
Details for the last four years are as follows (amounts in brackets indicate a loss):
|
2004
|
2003 |
2002 |
2001 |
|
| Profit (Loss) |
Profit (Loss) |
Profit (Loss) |
Profit (Loss) |
|
| Subscriptions | £1172.00 | £1,406.00 | £1,362.00 | £990.00 |
| Donations | £419.55 | £130.43 | £395.88 | £512.22 |
| AGM | (£32.63) | (£45.74) | (£59.87) | (£30.00) |
| Flower Festival | £3515.34 | £4,024.12 | £2,555.54 | £2,561.59 |
| Quiz Evening | £179.00 | £189.40 | £197.82 | £253.61 |
| Barn Talk | £0.00 | £0.00 | £124.73 | £0.00 |
| Jubilate Concert | £0.00 | £43.83 | £100.00 | £0.00 |
| Souvenirs | (£132.88) | (£146.09) | £21.90 | £37.00 |
| Sunday Teas | £802.36 | £700.76 | £575.42 | £589.20 |
| Repairs & Maintenance | (£2690.75) | (£2,049.98) | £0.00 | (£25,000.00) |
| Sundries/Miscellaneous | (£33.14) | (£12.38) | (£50.34) | (£21.80) |
| Lottery Registration | (£17.50) | (£17.50) | (£17.50) | (£17.50) |
| Miscellaneous Equipment | £0.00 | (£50.00) | £0.00 | £0.00 |
| Bank Interest / Charges | £0.00 | £0.00 | £1.14 | (£0.33) |
| Gift Aid Tax Refund | £262.52 | £0.00 | £0.00 | £0.00 |
| CBF Interest | £862.70 | £552.93 | £376.20 | £948.09 |
| Total |
£4306.57 |
£4,725.78 | £5,582.92 | (£19,177.92) |
| Gift Aid Tax Refund for Prior years | £965.93 | |||
| Excluding PCC Payment of £25000 |
£5,822.08 |
2. Subscriptions
The total of £1172.00 is a decrease of £234.00 over 2003. There were 83 paying members and 7 subscriptions from couples who married, or whose wedding were blessed, at St. James during the year.
3. Annual General Meeting
The sum represents the cost of refreshments and the contribution towards the running costs of the St Barnabas Centre.
4. Donations
Donations totalled £419.55 which was £289.12 more than in 2003. This included a single donation of £100 and £196.25 given in memory of Cecil Handscomb.
5. Flower Festival
The excess income over expenditure for this event was £3515.34 a decrease of £508.78 over 2003. Overall income decreased by £1188.59 and overall expenditure decreased by £679.81.
Details of the net changes are:
a) Raffle net income was £26.20 less.
b) Donations increased by £188.35.
c) Refreshments net income was £71.75 more and Ice Cream sales £11.03 more, a total of £82.78.
d) Souvenir sales decreased by £44.42.
e) Net income from the sale of plants was £76.32 less.
f) The cost of flowers increased by £21.52.
g) Flower donations totalled £480.45.
h) Stalls income was £294.92 less mainly due to fewer stalls. The cake stall income was £118 less and another stall not present in 2004 produced £161 in 2003.
i) Other expenses were £69.49 less largely because there was no donation for the St John Ambulance attendance. This includes newspaper advertisements, postage and sundries.
j) 2003 had income of £301.20 from the Paintings Exhibition and exceptionally £1014.11 from Photographic sales. The equivalent income for 2004 was £325 from the Craft stalls a negative difference of £990.31.
k) Income from Programmes increased enormously by £123.84.
Details for the last three years are:
|
|
2004
|
2003 |
2002 |
| Profit (Loss) |
Profit (Loss) |
Profit (Loss) |
|
| Raffle | £459.00 | £485.20 | £478.80 |
| Church Collections/ Donations | £752.60 | £564.25 | £681.88 |
| Bell Tower / Church Tours and Bell Ringing | £0.00 | £0.00 | £24.00 |
| Refreshments | £1008.90 | £937.15 | £741.22 |
| Ice Cream | £35.05 | £24.02 | £16.71 |
| Souvenirs | £58.58 | £103.00 | £116.00 |
| Plants | £229.43 | £305.75 | £301.50 |
| Flower Expenses | (£435.00) | (£413.48) | (£602.70) |
| Flower Donations | £480.45 | £0.00 | £0.00 |
| Stalls | £660.87 | £955.79 | £766.52 |
| St Barnabas Centre (1) | (£120.00) | (£120.00) | (£120.00) |
| Other Expenses | (£132.54) | (£202.03) | (£181.29) |
| Paintings Exhibition | £0.00 | £301.20 | £332.90 |
| Photographs | £0.00 | £1,014.11 | £0.00 |
| Craft Stalls | £325.00 | £0.00 | £0.00 |
| Programmes | £193.00 | £69.16 | £0.00 |
| Total | £3515.34 | £4,024.12 | £2,555.54 |
Note 1. The payment for the St. Barnabas Centre represents the Friends’ contribution to the running costs of the building.
6. Quiz Evening
Another successful Quiz Evening was held, and the net income was £179.00, including raffle receipts. This was a decrease of £10.40 from 2003. Included in the expenditure is a contribution to the running costs of the St Barnabas Centre.
Details are as follows:
|
2004
|
2003 |
2002 |
|
|
Meals |
(£208.50)
|
(£240.60) |
(£247.85) |
|
Expenses |
£0.00
|
£0.00 |
(£9.88) |
|
Hall |
(£40.00)
|
(£40.00) |
(£40.00) |
|
Tickets |
£344.50
|
£387.00 |
£411.00 |
|
Refreshments |
£0.00
|
£0.00 |
£5.55 |
| Donation |
£10.00
|
£0.00
|
£0.00
|
|
Raffle |
£73.00
|
£83.00 |
£79.00 |
|
Total |
£179.00
|
£189.40 |
£197.82 |
7. Souvenirs
The only expenditure was £175.08 on key fobs and coasters. This was offset by £42.20 from the sale of souvenirs on Sundays when teas were held, leaving net expenditure of £132.88. Receipts from sales at the Flower Festival are included in the income from the shop and were not separately identified.
8. Sunday teas
The sale of refreshments on Sunday afternoons to raise funds was continued from April to October. The net total was £802.36, an increase of £101.60 over 2003.
9. Repairs and Maintenance
There was expenditure of £2690.75 on repairs to the Lych gate and no expenditure on miscellaneous equipment, which was £640.77 more than in 2003.
10. Sundries and Miscellaneous
This was postage of £15.19, stationary £17.95 and annual Lottery Registration of £17.50.
11. Gift Aid Refund
This is the payment from the Inland Revenue (including interest) in respect of tax refunds for Gift Aid payments.
Adrian Phillips
Honorary Treasurer
17th March 2005