Over the past few months I have been keeping you updated on how the annual report has been progressing. I am delighted to let you know that it has now been completed with the last document arriving from the bank recently. A copy has been placed on the Charity Commission website (see the link on this page). The charity registration number for the church is 1127787. The annual reports for the last five years are then available at the bottom of the screen.
The Easter Offering has been taking place over the past few weeks and £773.23 has been given. Of this £317.70 has been gift aided which will attract a further £79.42, bring the total to £852.65.
Thank you again for your continued financial support of the church and other funds.
We have just passed the half-year point in the church’s finances. The total for our giving over the first half-year is £55,318.60 which compares with £54,071.97 at the same time last year and shows an increase of £1,246.63 (2.3%).
It will shortly be the end of another tax year. Nearly all of those who contribute regularly to the church finances use Gift Aid, which means that for every £1 given, the Government gives the church a further 25p. This means it does not cost anyone anything, other than paying the correct amount of tax. During April you will receive a letter from the church in acknowledgement of your support, which will also inform you of the amount of your giving for the full tax year. This will assist those of you who require to report to HMRC the amount of your charitable giving.
Further assistance from the Government allows £8,000 of unrecorded giving to be gift aided. In previous years the amount was £5,000 but it has now been raised to £8,000. The church is able therefore to recover gift aid on the loose cash in the collections. The estimated loose cash total for 2016/17will be in the region of £6,500 which means that we will be £1,500 short of the £8,000 limit and we can therefore include the non-gift aided amounts from those who give by envelopes. At the moment I do not know how much this is likely to be but it does mean that we should be able to recover Gift Aid on almost all the money given in the church collections. This will be the first occasion we have achieved this and I will let you know next month if we have been successful. David Barnes will be advising me how much is given through the envelope scheme and we will then be able to see how close we are to £8,000.
I thank you again for your continued support of the church in so many ways.