TREASURERS WORKSHOP Parish Income Expenditure Buying and Reserves

TREASURERS’ WORKSHOP Parish Income, Expenditure, Buying and Reserves 1

How to: Increase Income? Reduce / Manage Expenditure? Ø Parish Buying Ø GPC Card (Nat. West) Manage Reserves and Cash? 2

Parish Income Voluntary Planned Giving (recurring) § Tax efficient (Gift-aided) } monthly standing order/ § Other Planned Giving } weekly gift aid envelopes (*) – contact Richard Illidge for help with claiming § Cash Collections at Services } GASDS scheme (*) Voluntary Grants and Legacies (non-recurring) Fundraising Activities Dividends and Interest – Cash Management Scheme Fees retained by PCC for Weddings and Funerals Trading Activities – hall lettings, magazine and book sales, coffee shop etc. 3

Parish Expenditure Parish Share paid to Diocese Staff Salaries / Honoraria Clergy and Staff Expenses Mission and Evangelism Regular Church Running Expenses Ø Utilities: Gas / Electricity / Oil / Water Ø Telephone and Mobile Ø Insurance - EIG Ø Cleaning Ø Routine Maintenance Trading Costs Governance Capital: Major Repairs, Maintenance and Improvements 4

Parish Buying: Releasing Resources for Parishes

Parish Buying Aims Currently 3, 300+ members. • Buying with Confidence – professional procurement • Saving Money – aim to save £ 10 m across English dioceses annually • Saving Time – one stop shop • All wrapped up in Better Stewardship of resources

Parish Buying Suppliers • Selected following thorough tender process • Regularly Monitored • Fixed Contracts • Ecumenical Cooperation

Registered suppliers also now available for: • IT Hardware • Telecoms • Church Consumables

Working Ecumenically

Actions • Register at www. parishbuying. org. uk • Sign up and use the contracts • Log your energy contract details • Encourage others • Feedback

www. parishbuying. org. uk Email: procurement@churchofengland. org or Tel: 0800 368 0887 (freephone)

GPC Procurement Cards • • A Purchasing Card available via Nat. West No monthly charges or interest applied Works like a credit card Applications via the Finance Office (email Juliette Hill for details) • Parishes must be up to date with parish share payments, fee returns and other statutory returns (incl. annual accounts) 12

Parish Reserves What is a reasonable level of Reserves and Cash to maintain? CC 19 – Charities and Reserves www. charitycommission. gov. uk 13