The Friends of St Alphege Music

THE FRIENDS OF ST ALPHEGE MUSIC

TREASURER’S REPORT 2015

Balance Sheet

1. Shows a surplus for the last year of £4370.55. However if you look at the figures for the deposit account you will see that it is £5000 up on last year. We received a grant from the Ouseley Trust but this is solely to be used for funding lay clerks. So, if we take this £5000 out of the equation, we will actually have made a loss of £629.45. But this compares favourably against the loss made the previous year.

2. The cash in hand is high because we had just had the Beer Festival at the end of August which, being a bank holiday, meant that the cash couldn’t be banked before the end of our financial year.

3. So our reserves are made up of (3 figures on sheet). Again, if you exclude the £5000 from the Ouseley Trust, our total reserves stand at £10492.85. I am mindful that these are one-third down from the £15k+ we had in June 2013, and of the need to watch our spending very carefully.

Receipts and Payments

4. You will see that all the receipts are up on the previous year (actually 14 months because we changed our financial year to tie in with the school year).

The increase in donations is primarily due to the £5000 grant already mentioned.

• Functions – considerably higher income, but so was the expenditure. Overall a profit of just over £4400.
• Recital series: profit of £3700, split almost evenly between door takings and refreshments – an average profit of £110 per week.
• Gatehouse concert – profit of just over £1100.
• Beer Festival – profit of £2500 which we shared with church funds.
• Carol singing – various venues – raised over £1500.

5. On the payments side, you will see that we have tried successfully to keep the choir maintenance and admin costs down.

• Functions – higher because there have been more of them, but this also includes the loss made due to the cost of orchestras at the WW1 concert and at the Christmas Eve mass.
• Marketing is up largely because we produced two glossy What’s On booklets at some cost. At some point the committee needs to asses the cost / benefit value of these.
• 100 club prizes – down. Some cheques not cashed. 3rd draw last Sunday.

6. Sundries includes the productions costs and sales of our CD, choir hoodies (balance out), the ins and outs of disposing of the organ console, our annual donation of £1000 to the organ fund and annual insurance policy.

7. Trips – figures are not a true reflection as most of the income for summer weeks was paid to the PCC whereas, to date, we have paid the deposits for accommodation, diesel and other expenses. We will be meeting Tim Drakeford soon to put our figures together.