Church of AscensionVestry 2015

Wardens Report

Our core purpose as the Parish of the Church of the Ascension is to inspire and nurture friendship

with God and each other. 

Our long-term vision is to be a vibrant church of choice drawing people from all demographic

sectors of the  community.

Parish Mission & Vision

Welcome increase in average contribution per giver, was ahead of inflationAnd more than compensated for base erosionFun raising’s recent reversal shows revised emphasis

Income Trends

2014 2013 2012 2011 2010 CAGR

2010/14

R000's R000's R000's R000's R000's %

Number of givers 108 124 127 126 146 -7.3%

Average per giver 12.1 9.7 8.7 7.3 6.1 18.6%

Planned Giving 1,304.6 1,201.3 1,108.9 921.1 892.8 9.9%

Loose Plate 89.6 83.9 88.6 105.2 96.6 -1.9%

Fun Raising 14.4 23.1 38.9 8.1 4.6 32.8%

Other income 65.4 85.7 71.1 151.9 103.1 -10.8%

Total Income 1,474.0 1,394.0 1,307.6 1,186.2 1,097.1 7.7%

Fluctuation in “other clergy cost” in 2014 reflects no assistant priestPastoral & worship reflects cost youth ministry, social responsibility & parish titheProperty reflects cost necessary maintenance in “plant” and rectoryTransport reflects accumulation of car replacement reserve

Spending Trends2014 2013 2012 2011 2010 CAGR

2010/14Expenses R000's R000's R000's R000's R000's %

Diocesan Assessment 350.5 332.4 308.7 305.4 279.0 5.9%Clergy Cost 195.2 182.4 171.3 161.6 151.0 6.6%

Other clergy costs 107.8 196.3 160.7 126.2 65.0 13.5%Administration 284.9 267.5 223.9 208.3 206.0 8.4%Pastoral & Worship 110.0 109.2 65.1 49.3 150.4 -7.5%Property 223.6 185.4 170.4 137.9 139.0 12.6%Transport 113.3 96.9 121.6 91.3 57.4 18.5%

Total Expenses 1,385.3 1,369.9 1,221.7 1,080.1 1,047.8 7.2%

Consistent policy of allocating interest to fundsAnd appropriating unallocated income to funds for specific projects,Mainly maintenance, car replacement and social responsibilityInterest income has increased with fund balances

The Bottom Line

2014 2013 2012 2011 2010 CAGR2010/1

4

R000's R000's R000's R000's R000's %

Income before Appropriations 88.7 24.1 85.9 106.2 49.4 15.8%

Interest Allocated 15.4 14.2 15.1 11.5 12.2 6.1%

Appropriations 72.8 9.5 68.9 87.3 37.1 18.3%

Retained Earnings 0.4 0.4 1.9 7.4 0.0

Tithe increased faster than income, as rate was increased in 2012Contribution to mission reduced in 2012 as PG membership base was eroded2014 first year of regular social responsibility provision

Parish Giving Trends

2014 2013 2012 2011 2010 CAGR

R000's R000's R000's R000's R000's2010/

14

Parish Tithe 43.9 41.4 27.8 22.0 21.7 19%Other Donations 1.6 3.2 3.3 3.0 1.3 4%Social Responsibility 12.0 6.4 0.0 0.0 0.0 Diocesan Mission 115.7 109.7 101.9 100.8 92.1 6%

Donations/Gross income % 11.7% 11.5% 10.2% 10.6% 10.5%

Total inflated by new funds administered through parishVehicle replacement fund not dissipated by vehicle replacement in 2014Sundry funds include office equipment replacement reserve

Year End Fund Balances

2010 2011 2012 2013 2014R000's R000's R000's R000's R000's

Organ Fund 19.0 18.1 15.9 13.3 17.8Social Responsibility Fund 72.0 56.5 43.9 23.8 71.9Maintenance Reserve 59.1 108.0 139.8 46.8 76.4Vehicle Replacement Fund 21.9 51.1 66.0 147.3 95.5Tithe Fund 21.7 22.5 27.9 43.7 43.9Bonginkosi Fund 0.0 235.2 234.5 139.3 124.1Canadian Donation Fund 0.0 0.0 0.0 0.2 42.1Archdeaconry Fund 0.0 0.0 0.0 0.0 9.9Archdeaconry Special Fund 0.0 0.0 0.0 0.0 64.9Sundry Funds 93.2 106.2 94.2 112.0 136.2 Total Funds 286.9 597.6 622.2 526.3 682.7

Detailed AFS On handout“line by line” income & expense detail for 2013

& 2014NB policy on Property, Plant & EquipmentTotal assets small as investments offset by

special funds liability

Questions

Adoption

Adoption of AFS

Number of givers in planned giving is based on real numbersBroader base reduces increment needed from each contributorIrregular income receipts and fun raising budgets are conservativeTotal income increase required (7.1%),is below 2010/14 CAGR (7.7%)

Budget 2015 - IncomeCAGR 2015 Budget

2010/14 Budget change

% R000's %

Number of givers -7.3% 118 9.3%

Average per giver 18.6% 12.1 0.4%

Planned Giving 9.9% 1,430.4 9.6%

Loose Plate -1.9% 98.9 10.3%

Fun Raising 32.8% 14.0 -2.7%

Other ad hoc -10.8% 34.6 -47.0%

Total Revenues 7.7% 1,577.9 7.1%

Clergy cost - Provincial Retirement Fund“Other” - assistant priestPastoral - increased monthly social responsibilityProperty - rectory roof rehabilitation & generator for churchTransport – reduced VRR provision

Budget 2015 - ExpenseCAGR 2015 Budget

2010/14 Budget change% R000's %

Diocesan Assessment 5.9% 373.1 6.4%Clergy Cost 6.6% 213.5 9.4%

Other clergy costs 13.5% 214.8 99.1%Administration 8.4% 305.9 7.4%Pastoral & Worship -7.5% 138.2 25.6%Property 12.6% 247.5 10.7%Transport 18.5% 69.7 -38.5%

Total Expenses 7.2% 1,562.7 12.8%

AFS include “line by line” income & expense

detail for 2015

Questions

Adoption

Budget 2015

Gresham Chartered Accountants Inc are Diocesan auditorsfamiliar with accounting policies and annual return reconciliation

Have done audit for 2013 and 2014,In both cases well within deadlineDue largely to quality of input from office & treasurer

Actual fee for 2013, R18 000 (ex VAT), less than quotedFee for 2014 likely to be similar, given learning in 2013

Re-appointment of both auditor and treasurer for 2015, proposed

Auditor Appointment

Community Engagement,

Pastoral ministry, within parish including youth & young families

“Fun raising” to engage wider community

“Social Responsibility” to serve wider community

Reflections on the Future

King’s Trust, Spirit led ministry to far & near

Bonginkosi (ministry to Sweetwaters, centered on worship service)

Masibumbane Mission (food parcels for AIDS/HIV families in Mpophomeni)HNO (Hlanganani Ngothando, Bulwer) Shoe Boxes (Sizanani Widows Support Group, Mpophomeni)Never Never Land CrecheSibongumbomvu School (Canadian Donation & Winter Warmth)

Jika Joe outreach

Africa Enterprise, a bond that we would like to nurture

Social Responsibility Ministries supported by C of A

Acknowledgements and thanks We both gained far more than we contributed

The Last Part