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TREASURERS’ WORKSHOP Parish Income, Expenditure, Buying and Reserves

Learn how to increase income, reduce/manage expenditure, handle parish buying, use GPC cards, manage reserves and cash effectively.

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TREASURERS’ WORKSHOP Parish Income, Expenditure, Buying and Reserves

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

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

  3. Parish Income Voluntary Planned Giving (recurring) • Tax efficient (Gift-aided) } monthly standing order/ • Other Planned Giving } weekly gift aid envelopes • Cash Collections at Services } GASDS scheme (*) (*) – contact Richard Illidge for help with claiming 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.

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

  5. Parish Buying:Releasing Resources for Parishes

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

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

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

  9. Working Ecumenically

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

  11. www.parishbuying.org.ukEmail: procurement@churchofengland.orgorTel: 0800 368 0887 (freephone)

  12. GPCProcurement Cards • A Purchasing Card available via NatWest • 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)

  13. Parish Reserves What is a reasonable level of Reserves and Cash to maintain? CC19 – Charities and Reserves www.charitycommission.gov.uk

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