Gift Aided Offerings £ 17,456 Gift Aid Repayment £ 8,880 Non Gift Aided Offerings £ 18,186 Special Collections £ 4,213 Votives £ 2,314 Mission Group £ 422 Hall/stall/200 Club £ 3,362 External Grants £ 5,504 Approved Project Fundraising £ 12,944 SM &OHR Youth Project £ 8,144
£ 81,425
Expenditure
Utilities & Council Tax £ 8,294 Youth Programme £ 2,300 Insurance £ 4,887 Church and House Repairs £ 3,514 Special Collections £ 3,411 Diocesan Taxes £ 4,970 Salaries £ 21,976 Printing £ 2,225 Divine Service £ 1,017 Housekeeping £ 4,499 Stall & Papers £ 734 Hall Repairs/Supplies £ 781
£ 58,608
Income less Expenditure £ 22,817
Parishioners have made a huge effort, despite the very difficult times, to support the parish by very generous giving. As a result, a surplus of £22,817 has been recorded this financial year. This headline figure, however, contains a number of important and exceptional items.
Regarding income, general giving through Sunday collections for the Parish and direct debits has held steady. We continue to enjoy a tax repayment from Gift Aid. Also, as more people are using the church, items such as votives and discretionary fundraising have increased. Further, we benefitted for part of the year from the Job Retention Scheme (which is now closed). Income is further supplemented by the second collections which are destined for projects already in progress (our youth projects and our ongoing maintenance projects).
Regarding expenditure, it has been reduced significantly thanks to economising and reduction in salary costs. Savings were made in the area of utilities and salaries, though this may be a temporary situation.
In my view, as parish priest, our parish finances are in a reasonable shape and we should be able to proceed with our pastoral programme for the coming year with a little comfort. At the same time, we cannot be complacent in the face of rising inflation and a cost of living crisis.
St Margaret’s is a Parish of the Archdiocese of Glasgow, a Designated Religious Charity, Number SC018140