Financial Update

JUNE INCOME		JUNE OUTGOING
Standing orders and envelopes	2379.40	Quota	4844.10
Dividend from investment	633.36	Utilities	107.37
Fete raffle tickets sold	500.00	Organ & Pano tuning	140.65
Fete proceeds 'on the day'	2000.00	Assigned fees due to the Diocese	357.00
Retiring collection in aid of		Salaries for Organist, weddings etc	555.00
Portsmouth Cathedral Development	106.03
Wednesday coffee morning donations	112.00
Eucharistic Gift donations	40.00

At the end of June the bank balance stood at £2,104.61, which is rather low bearing in mind the fantastic outcome of the Fete day.

JULY INCOME		JULY OUTGOING
Standing Orders and envelopes	2443.35	Quota	4844.10
Donation Waterlooville Music Festival	525.00	Utilities	107.37
Plant sales (Festival week)	120.60	Organ tuning/repair	191.53
Plant sales (General sales)	165.00	Photocopier paper	133.91
Sales of votives	62.55	Final invoice for old copier	206.96
Sales of Magazines	33.18	First invoice for new copier	247.63
Income for Marriages	980.00
Photocopying charges	32.50
Eucharistic Gifts donation	15.00

Retiring collection to Macmillan Nurses raised £155.35.

After raising £113 at the Parish Lunch in April, a further £130 has been raised in favour of Koforidua.

After Margaret Symonds’ very moving talk on the 29th July, the current amount raised for St. George’s in Baghdad is £482.65. This includes a £50 donation from the Wednesday Coffee Morning collections. A bottle of 5p pieces was donated and you will be interested to learn that this amounted to £67.60. (And don’t worry, it didn’t take too long for me to count!!)

I am unable to provide a month end bank balance as these figures are not to hand. July income and outgoing figures are up to 24th July and I would expect the balance to be similar to that of June.

I have been informed by Lloyds TSB Bank that they intend to start treating the PCC account as a business and will apply charges from 10th August 2007. With the PCC’s approval I am looking to move the account to another bank who will provide free banking services.

Once the new account is up and running I hope that standing order donations received will be automatically transferred to the new account but would ask those of you who do use this method to be prepared to sign a standing order amendment form which I will produce for you.

As always, if you have any queries please feel free to come and ask and I will endeavour to provide the information needed.

Carol McKells
Hon Treasurer to the PCC