1. 2014 Annual Parish Meeting Finance Report Richard Jayawant

2. Outline The treasury function within Southover Key achievements in 2013 Overview of the 2013 Accounts Plans for 2014 Questions

3. The Treasury Function 2005200720082010201220132014 Number of FT Employees 3333444 Total Voluntary Income (£K) 150269349366300299322 Resources Expended £K) 269365302397429315 Number of restricted funds 1081199 Accounts FormatExcel Accruals Excel Accruals Paxton Accruals Paxton Accruals Paxton Accruals Treasurer statusPT Paid Vol 4 Hr/wk PT Paid 6 Hr/wk Vol Support / Infrastructure Cashier RRG Cashier FRG RRG Cashier Vol Book- Keeper FRG RRG

4. The Treasury Function FRG function – Advise PCC on staffing of treasury function New volunteer treasurer – Derek Hull New volunteer book-keeper – Ruth Jayawant – Act as critical friend to the Treasurer – Act as first filter on financial reports to PCC Format / content Accuracy Ensure PCC business is conducted efficiently – Advise PCC on financial policies and procedures Compliance with charity commission guidance Compliance with Inland revenue requirements

5. Key Achievements Bedding in.... – Completed our second full year running with Paxton accounting software – Management of Restricted funds resolved – Updating the gift aid register Building Structures to support growth – New procedures implemented – Started building greater budget discipline

6. Overview of the 2013 Accounts

7. ERRATA

8. Resources Expended(£K) Total £429,221

9. Ministry Costs £K) Total £238,181 Parish contribution includes insurance + voluntary donation Other Ministry Staff includes Accommodation, NI and Pension

10. Outward Giving (£K) Total £42.6K Tier1 total = £14,000 Tier 2 total = £16,863

11. Tier 2 Giving (£K) Total £16.9K * = includes 2012 allocation

12. Project Expenditure (£K) Total £26K

13. Deficit Analysis (£K) Total £70.7K Year EndUnrestricted Current Assets £K 2012206 2013131

14. Incoming Resources (£K) Total £358,527

15. Voluntary Income(£K) Total £299,656

17. Plans for 2014 Derek Hull to be Treasurer Ruth Jayawant to be book-keeper. Work to strengthen budget discipline Appoint a Giving Officer + Support Team FRG will work to make our financial controls more robust FRG will start preparing the financial systems necessary to support Trinity. Investigate and implement GASDS / Community Building scheme

18. Thank you to... Graham Watkins - Treasurer Janette Watkins – Margaret Campbell - Cashier FRG – Steve / Jan / Zoe Derek / Ruth – the new A Team ALL OF YOU – who continue to give so generously and sacrificially

19. Questions...