Full details of the Income and Expenditure Account can be seen in the attached pages [given out at the APCM – please ask if you wish to see copies of them].
Headline Figures
The “2025 Total” figures show the loss position when all the church’s bank accounts are taken into account.
Total income for the year was £120,455 (2024: £133,589) Expenditure was £159,216 (2024: £163,289) resulting in an excess of expenditure over income of £38,761 (2024: £29,701).
The biggest reason for the reduction in the overall position is the withdrawal of £44,000 from Unrestricted Fund B (“Churchyard Fund”). This was to cover the cost of new boilers and the repairs to Church Hall.
Regarding “normal activities” (excluding the effect of bank transfers and investment income), it will be observed that expenditure is fairly static, as compared with 2024, but overall income has fallen by £13,134. The reason for this is the decline in giving. Taking out the figure for Gift Aid recovered (£8,212), giving for the year was down by £16,448 (£82,729 – £66,281).
Reserves
Despite the withdrawals in the year, the parish still has significant financial reserves, totalling almost £279,000 at the end of 2025 (2024: £317,721)
Finally, thanks to Dani for her hard work with all the bookkeeping; the team at St Margaret’s and St George’s who count the money and pay it into the bank and Angela for examining the accounts. Janet Dalton, Treasurer
St Margaret's Church Prestwich 