Finance Updates
July 2011:
Each month the Finance Team at the Forge look at the figures of what’s come in and what’s gone out; using those facts they then seek to share with staff, Elders & Trustees the story of what is happening within the Forge, in terms of its financial health.
The team asks itself questions like – Is income where we want it to be? Are costs being controlled? Are we carefully monitoring restricted income both in and then out again? The team knows that each set of numbers tells a story, the question is, what is the story telling us?
Once the team have grasped the story and shared it with the various leadership teams, the next group of people who need to know what’s going on is the congregation – the very people who make it all happen in the first place. Without each and every gift the Forge receives being used wisely and well, allowing the church to demonstrate and develop its Transforming Lives vision, we’d rightly be asked what is going on!
So, how do we share with you, the church, the story? The Finance Team have pondered this question over the last few weeks and what we propose to do over the next few months is share some of the church’s financial story. Topics like, how much does it cost to run this church; what do 242 & Kids spend their budget on; where does the money for mission get spent; how much has income grown in the last year; how do we help people in need – all these and much more will be covered. Equally, if there is a specific question you would like to ask then please get in touch: sheila@forgechurch.com will make sure your email hits my inbox.
Review of 2010 Finances: If you wish to ask more questions please email Sheila@forgechurch.com A copy of the annual accounts can be viewed here 2010 final draft
MON£Y MATT£RS @ The Forge
January is the first month of the Forge’s 2011 financial year.
January 2011 figures:
Actual Budget Variance
Income Jan 2011 £27,975 £25,001 £2,975
Expend Jan 2011 £25,501 £27,072 £1,571
If you want to know more, or have specific questions you would like to ask then please contact Sheila at the church office (01449 710437 sheila@forgechurch.com) and I would be happy to help.
Sheila Taylor
December is the last month in the Forge financial year; work on the year-end figures, which includes sending figures to the Accountant for examination, will take place over the next few weeks.
Jan – December figures:
Actual Budget Variance
Income Jan – Dec 10 £298,296 £251,489 £46,807
Expend Jan – Dec 10 £294,301 £299,768 £5,467
To find out more about the finances of the Forge, please email sheila@forgechurch.com. To give to the ongoing work of the Forge as part of the Strategic Plan Pedge day, please follow links on the site.
MON£Y MATT£RS @ The Forge
The financial year for the Forge Community Church runs from 1st January to the 31st December. So, how is it going so far in 2010? Here is a snapshot of the finances for the Forge Community Church.
Jan – October monthly figures:
Actual Budget Variance
Income Jan – Oct 10 £238,770 £209,574 £29,196
Expend Jan – Oct 10 £241,584 £249,807 £8,223
If you want to know more, or have specific questions you would like to ask then please contact Sheila at the church office (01449 710437 sheila@forgechurch.com) and I would be happy to help.
Jan – August monthly figures:
Actual Budget Variance
Income Jan – Aug 10 £194,974 £167,659 £27,315
Expend Jan – Aug 10 £190,728 £199,845 £9,117
If you want to know more, or have specific questions you would like to ask then please contact Sheila at the church office (01449 710437 sheila@forgechurch.com) and I would be happy to help.
Jan – June 2010 – Monthly Figures:
Actual Budget Variance
Income Jan – Jun 10 £148565 £125745 £22821
Expend Jan – Jun 10 £140589 £149884 £9295
If you want to know more, or have specific questions you would like to ask then please contact Sheila at the church office (01449 710437 sheila@forgechurch.com)
Jan – April 2010 Monthly Figures:
Actual Budget Variance
Inc Jan – Apr 10 £108,554 £83830 £24724
Expd Jan – Apr 10 £95,307 £99,923 £4616
The Forge Community Church is a charity, limited by guarantee, and its income is such that it has to have its annual accounts Independently Examined. The latest version of annual accounts for the year 1st Jan – 31st Dec 2009 are available to view here.
Print This Page