TREASURER'S REPORT

Mr Warner presented the Trustees Report & Accounts The Trustees Report section was read through and agreed. The Accounts have been inspected by Karen Hancock as an Independent Examiner and approved.
Total Overall Incoming Resources for the year showed a figure of £79,992. The 2010 planned giving through FWO envelopes and direct payments to the church bank account (including tax recovered) of £43,230 was up by £1,465 compared to 2009 with plate collections from all services at £8,253 up by £535. The total Voluntary Incoming Resources was £58,691.
The Hall rents at £11,890 continue to impress due to the high usage level of the facilities. (Frank Sizer was thanked for the considerable work involved in arranging the bookings, collecting and banking the rent). The Fund Raising figure was £3,048 with £2,605 being raised for All Saints Restoration & Repair Fund mainly from the summer Fete.
Resources Used, show the Parish Share at £53,502 (up by 1.1%) which was met in full. The Share for 2011 is £53,315. Expenditure has been kept under close control and there are two items that needed comment. The Major Repairs/Structure Church and car park show a figure of £15,715. The bulk of this cost is the resurfacing and extension of the car park at St Marks. The Equipment Cost at £2,239 is mainly due to the replacement of the risograph printer.
Our Charitable donations from church funds, including the Dearle Charitable Funds, during the year amounted to £10,807, but in addition there were other charitable donations from special collections and missionary boxes amounting to £3,050.
The Restricted funds include the All Saints Restoration & Repair fund, commenced in 2008. This continues to receive donations including the share of the profit from the summer fete and the balance in the fund is £3,420.

The total Resources Used during the year was £105,013. To summarize, 2010 was a year where despite a tight control of budgeted expenditure, we have had certain capital expenditure arising that had to be funded from reserves. Our net assets at year end were £305,738 with the Total Resources Used exceeding the Total Incoming Resources by £25,021 as shown on page 7.
Despite increases from FWO, standing orders, plate collection, ecclesiastical fees and hall rent, we still have to utilise capital of approximately £4000 pa to balance the books against budgeted expenditure. Mr Warner commented that it would be good if we could narrow this gap!

The Trustees Report & Accounts were duly approved and signed for presentation at the forthcoming APCM.