Here’s the finance update for Clarendon Trust and its subsidiaries. This covers Emmanuel church, its trading subsidiary (event hire, cafes, etc.), our support of other churches within Newfrontiers, our wider family. It also covers our work with the poor and disadvantaged through our Care for our City projects under the governance of the Friends First and Oaks Trusts
Income and Expenditure between September 2023 and April 2024
For this period (Terms 1 & 2) income was £1,631,820 and expenditure was £1,582,005 meaning we had a surplus of £49,815 for the period.
The list below shows a breakdown of our income between September 2023 and April 2024.
As you can see, the majority of it was offering income. Gift Aid is where we claim the tax back from the government from members’ giving. It effectively boosts the amount you give.
| Offering income including Gift Aid | £868,374 | 55% |
| Gift Campaigns including Gift Aid | £246,570 | 15% |
| Trading Subsidiary | £40,049 | 2% |
| Other Donations | £331,305 | 20% |
| Newday | £9,939 | 1% |
| Other Funding | £135,582 | 8% |
The following list shows a breakdown of our expenditure between September 2023 and April 2024.
| Newday | £34,200 | 2% |
| Properties | £234,918 | 14% |
| Care for our City | £283,104 | 18% |
| Ministry to Church Members | £292,456 | 19% |
| Sunday Costs | £145,585 | 9% |
| Admin/Finance/IT | £141,165 | 9% |
| Church Planting | £168,145 | 11% |
| Leadership | £176,711 | 11% |
| Communications | £70,844 | 5% |
| Trading Subsidiary | £27,450 | 2% |
Admin/Finance/IT: Insurance, phones, IT, audit, payroll costs, and salaries.
Communications: Live stream investment, video production, design work, and salaries.
Leadership: Travel expenses, conferences, external speakers, team gatherings, and salaries.
Ministry to Church Members: Pastoral needs, intern training, counselling, students, youth, and salaries.
Properties: Utilities, maintenance, repairs, and salaries.
Sunday Costs: Worship, production, venue hire, kids work/videos, transport/storage, and salaries.
Care for our City: Care initiatives, Baby Basics, Friends First and salaries.
Trading Subsidiary: Cafés, lettings, and salaries.
Church Planting and Newday: Grants to church plants, travel expenses, gatherings with church planters, contribution to Newfrontiers, and salaries.
All the figures in the report are preliminary figures which have not yet been audited.
Please feel free to direct any questions you may have, or any suggestions of information you feel may improve these termly updates to the finance team.
accounts@weareemmanuel.com