Financial Statement


The past 12 months has seen the Church retain its sound financial position, having received regular Covenanted and Non-Covenanted Giving from our members and visitors of £24,032.76, an increase of £1,776.32 (around 8.00%) on the previous year, with a total income of £44,207.39, an increase of £5,461.95 (14.1%) on 2016 - 2017, with around a 2.8% decrease in ' Premises Letting's Income and an 88.4% increase in Other Church Income, from £7,338.86 to £13,827.16 - this increase includes the Pecuniary Legacy given to the Church from our dear friend, 'Bill' Ward, plus our New Organ Fund Raising Events, which have raised £5,550.55 so far.  We also had a bumper year with the Autumn Fayre raising over £2,700.   Our total expenditure of £39,963.91 is up from £37,091.36, a figure which reflects the requirement to transfer 'Bill's' Legacy to the Trustees for Methodist Church Purposes (TMCP)


Happily, we have been able to maintain our commitments to the Chorley and Leyland Circuit and Connexional Funds, namely World Mission, Home Mission, Property Fund, Training Fund and the Methodist Church Fund and the Circuit Charities of the Year, Chorley Help The Homeless and Bay 6.  We continue to donate to specific funds/charities, namely 'My Life', Methodist Women In Britain, Methodist Homes for the Aged and Methodist Action North West, with additional Retiring Collections for various 'needy' causes.

 
Financial Reserves Policy


The church maintains a Reserves Policy, in line with Circuit guidelines, which is to hold a minimum of 6 months' average expenditure, to maintain our commitment to raise our full Circuit Assessment and other operating costs and to fund planned activities and repairs.


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