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St Martin’s-in-the-Veld Overview of the Parish Accounts for the six months ended 30 th June 2014.

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Presentation on theme: "St Martin’s-in-the-Veld Overview of the Parish Accounts for the six months ended 30 th June 2014."— Presentation transcript:

1 St Martin’s-in-the-Veld Overview of the Parish Accounts for the six months ended 30 th June 2014

2 TOPICS TO BE COVERED 1.Overview of the Parish Accounts for the six months 2.Diocesan Financial Lekgotla Feedback 3.Implementation of the Parish Strategic Plan

3 Financial Results – January to June 2014 Actual 2014 Budget 2014 Income1,633,1531,822,850 Expenditure1,562,6791,786,441 Surplus/ (Deficit) 70,47436,409

4 Income – January to June 2014 Actual 2014Budget 2014 Parishioners1,497,8521,601,000 Church Collection151,193144,000 Pledged Gifts1,346,6591,457,000 Other Sources135,301221,850 Weddings24,88024,000 Interest15,0367,200 Fundraising14,20242,450 Donations22,14425,200 Bequests57,555120,000 Sundry Income1,4843,000 Total1,633,1531,822,850

5 Expenditure – January to June 2014 Actual 2014Budget 2014 Diocesan Assessment 267,499267,498 Cost of Employment 948,707985,468 Parish Programs 28,21865,615 Operating Expenses 286,870401,250 Outreach Ministry 31,38566,610 Total 1,562,6791,786,441

6 Balance Sheet as at 30 th June 2014 ASSETS Fixed AssetsR 2,228,390 PropertyR 1,376,123 F & F / Organ / Piano R 852,267 Current AssetsR 1,202,174 BankR 1,017,553 Fixed Deposit R 183,266 Petty Cash R 1,355 TOTAL ASSETSR 3,430,564 EQUITY and LIABILITIES Accumulated FundsR 1,669,258 Special Purpose FundsR 1,749,806 Current Liabilities (Accrued Expenses) R 11,500 TOTAL EQUITY and LIABILITIESR 3,430,564

7 Summary 2014 Half-Year Feedback Dedicated Giving behind budget by R 110,341 Church Collections better than budget by R 7,193 Expenses underspent by R 223,762 Cash position of R 1,017,553 Write down some provisions and focus on Insurance Refurbish the Church Hall, Parish Room, Kitchen and Toilets – fundraising to date amounts to R 85, Outreach Ministry and Mission – Urban Ministry (Rosebank Homeless Association) Continued Focus on Youth Ministry Implementation of the Parish Strategic Plan Finalisation and implementation of Security plans and enhancements

8 DIOCESE OF JOHANNESBURG Feedback from Lekgotla

9 Diocese of Johannesburg Reason for the Lekgotla Summary of Findings –The Diocese as a whole is solvent –Contributions towards the Diocese inadequate –Use of Parish “savings” for use by DFB and the Trustees –Financial pressure (Diocesan Centre, lapses in budgeting and management control) –Payment of post-retirement medical aid –The same few Parishes continue to provide the majority of the cash flow –Poor performance of Diocesan Office –Poor leadership and management control –Attendance at meetings and appropriately skilled people –Lack of Accountability

10 Diocese of Johannesburg To rectify the situation: –All Diocesan entities contribute equitably towards running costs –Current contribution model no longer sustainable 50% / 50%) –People need to be accountable at all levels –Contribution regime for funding the post-retirement medical aid –Repay borrowings on Diocesan Centre –Motivate people with skills to serve on BoT, DFB, etc –Change of Diocesan Rules – DFB (body with clout) and attendance at meetings –Effect change in staffing and procedures in the Diocesan Office

11 Parish Strategic Plan Bucket List VISION AND STRATEGIC PLANINSPIRATIONAL LEADERSHIPPARISHIONERS HOME GROUPSTEACHING AND SPIRITUAL GROWTH / TRAININGYOUTH MINISTRY PRAYERGET REALWORSHIP AND MUSIC OUTREACH & MISSIONPORTFOLIO MANAGEMENTPLANT & EQUIPMENT MAINTENANCE FUNDINGCOMMUNICATION PLANURBAN MINISTRY SUCCESSION PLANNING

12 Parish Strategic Plan Vision and Strategic Plan (Luke) Home Groups Prayer Community Building Committee New committee established Fundraising to date Get St Martin’s New initiatives Sermon Series Hall Refurbishment Youth Ministry Urban Ministry Communication Plan Portfolio Management Worship and Music Plant and Equipment Maintenance Succession Planning

13 THANK YOU ONE AND ALL FOR YOUR ONGOING CONTRIBUTIONS TO THE GROWTH OF GOD’S KINGDOM. GOD BLESS YOU ALL.


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