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ITEM

DESCRIPTION

 

    VALUE

 

A

TOTAL PARISH FUNDS AT 31ST DECEMBER 2020

276,873

 

 

 

B

AVERAGE ANNUAL LOSS OVER THE LAST 5 YEARS

20,000

 

 

 

C

FORECAST LOSS FOR THE 2021 YEAR

25,000

 

 

 

D

NUMBER OF YEARS FUNDING LEFT COULD BE

10 YEARS

 

 

 

E

OFFERTORIES IN THE LAST 7 YEARS ARE DOWN 35%. PER ANNUM THAT IS

20,000

 

 

 

F

INCOME- WEEKLY OFFERTORIES IN 2013

1,100

 

 

 

G

INCOME- WEEKLY OFFERTORIES IN 2020

700

 

 

 

H

EXPENSE- PARISH LEVIES PER ANNUM 20,000 AND PER WEEK

400

 

 

 

I

EXPENSE- WAGES (after furlough ends) PER ANNUM 30,000 PER WEEK

560

 

 

 

 

Following a Quinquennial survey in 2018 in the next 2 to 3 years we will need to find about 80,000 to cover the work required on the two churches and the presbytery. This estimate does not include the Parish Centre which is not profit making. It runs at a loss.

On average 60% of those using the Centre are currently not required to contribute. 

 

 

St Ambrose Parish Finance Committee 20th July 2021


The above financial summary is presented to a Parish Meeting on July 20th 2021 and shows clearly the parlous state of our finances. In the coming months we shall be looking urgently at ways to alleviate the shortfall that so clearly exists.  We need especially to find ways of generating additional funds.

 
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