The accounts show a surplus on day to day activities of £3,373 [down from £6,300]. Costs of £18,396 were incurred repairing the vandalism to the south transept roof. There was a small surplus from the grant for the art work that will be used for a further art project or returned to the sponsors. Net income from The Trinity Centre and the nursery site contributed £12,141 [down from £13,000]. The main reason for the reduction in the surplus was loss of bank interest which was down by £3,080. This was partly due to further erosion of reserves caused by the roof repairs and partly because of the continued decline in interest rates. It is likely that most of the £2,359 earned during 2008 will be extinguished during 2009 because of the Bank of England’s current policy of minimal interest rates.
The PCC has been unable to find a permanent replacement for Robert Andrews as organist. Robert gave his services free but it has been necessary to pay fees to some of the organists who have deputised since his departure. When a new organist is found it is likely that the PCC will have to pay fees of at least £1,500pa.
Giving has increased by about £600 but the church is still very dependent upon the generosity of less than ten families who contribute about 60% of the church’s income.