INCOME AND EXPENDITURE 2019-2021 REPORT

Published on December 2, 2022
2019 2020 2021
INCOME
Basket Collection 47,049.42 7,910.50
Envelope Collection 75,639.80 66,405.30 76,649.42
Shrine Income 7,199.76 5,522.00 12,420.00
Rental Income 27,682.83 18,402.90 15,418.70
Fundraising 32,373.14 2,425.00
Donations  Bequests 853.42 6,379.23 13,276.67
Tax Refunds/Rebate 2,148.48 1,076.85
Income from Parish Investment Fund 456.00 115.00 116.00
Deposit Interest Received 2.70 0.02 0.02
Bingo Income 15,478.07 5,738.40
Diocesan Levy Collection 955.00 1,166.00 2,040.00
Other Collections 4,220.00 6,210.00 3,124.86
Other Income 6,920.57 3,387.79 2,098.33
           220,979.19             124,738.99            125,144.00
EXPENDITURE
Wages and salaries 29,815.06 12,704.74 12,668.42
Employers NIC (UK) PRSI (Ireland) 5,350.00 5,111.17 2,352.70
Pastoral Programme Expenses 2,715.99 1,458.35
Rent Payable
Insurance 18,730.47 18,605.00 17,860.67
Security 59.88 24.95
Light and heat 23,561.95 14,256.08 15,590.11
Cleaning 638.23 2,851.27 826.40
Rates, Water, LPT  Waste Collection 2,371.36 1,457.37 779.07
Repairs and maintenance 53,979.99 20,314.44 10,104.92
Diocesan Levy 14,676.00 6,726.50 9,172.50
Diocesan Retirement Fund 1,000.00 1,000.00 1,000.00
Missallettes, Printing  Stationery 5,786.37 6,191.90 1,996.24
Altar Shrine Requisites 6,674.68 2,363.66 4,479.28
Telephone, Broadband & Internet related expenses 2,454.09 1,974.39 2,795.21
Computer software, hardware & servicing costs 2,750.06 9,532.87 7,959.60
Hire of Equipment 553.50
Music/Choir Expenses 1,450.00 453.00 553.50
Legal and Professional 1,845.00
Accountancy Fees 491.28 543.83 443.93
Youth and Community Expenses 3,358.47 1,274.11 1,471.69
Bank charges 1,120.81 694.52 532.11
Donations/Collections 2,729.47 854.50 2,710.00
General expenses 2,092.99 420.64 32.00
TOTAL            184,205.65             108,813.29              93,328.35
TOTAL  (Profit\Loss)              36,773.54               15,925.70              31,815.65

This is a financial statement showing the income and expenditure of the parish for the years 2019, 2020 and 2021.  The delay in bringing this information to you is a result of the disruption brought about by Covid 19.  The Finance Committee had its first meeting in a long time this week to review the figures.

First of all we would like to thank all who have honoured their responsibility of supporting their parish financially.  Thanks also for your contributions to the collections for the support of the clergy.  Even in difficult times you managed to keep things afloat with your generosity.

The figures speak for themselves.  2019 would have been a normal year, whereas 2020 and 2021 were affected by Covid.  Fortunately, we did not make a loss in any year.  This was helped by reduced spending and the benefit of Government Grants.

On examining our income and expenditure for this year to date it is obvious that the income compared to 2019 has not recovered while expenses have   increased.  This is due in particular to a much reduced basket collection as smaller numbers attend Mass.

At a time when many are coping with financial challenges we appeal to your continued support and once again sincerely thank you for supporting your parish.

Should you wish to discuss any aspect of this statement please feel free to contact me or any member of the committee.

Fr. Gerard Ahern PP

Parish Finance Committee – Jim Kearney, (Chairperson), Fintan Doyle, Tom Hannifin, Eamon O’Keeffe, Anne Whelan, Julia O’Neill, Mick Kehoe.