AGENDA

AGENDA FINANCES

• FINANCIAL RESULTS 2013 + 2014• BASES FOR 2016 & 2017 CONTRIBUTIONS• BUDGETS FOR 2016 & 2017• CHURCH LAW 1/2015 covering :

– contributions schedules• Reports: a) Violence and Trauma Fund b) Gossman Trust• God’s Money: Stewardship + Financial Management

ELCSA (N-T)CONTRIBUTION HISTORY ANALYSIS

MONTH % -age outstanding

2011 2012 2013 2014 2015

Jan 47% 42% 87% 31% 29%Feb 36% 27% 44% 20% 29%Mar 23% 26% 29% 15% 20%Apr 23% 23% 22% 16% 12%May 21% 20% 18% 14% 11%June 16% 20% 15% 15% 11%July 14% 16% 13% 10%Aug 11% 13% 11% 11%

Sept 10% 16% 10% 12%Oct 8% 11%  9%  11%  Nov 7% 10% 8% 12%Dec 3% 7% 8% 9%

  = Synod held in this monthBLUE= best record

VOLUNTARY GIVING

2014 Income Statement - Expenses

SUMMARY 4.09.2015Actual Actual Budget

Expenses 2013 2014 2014

Salaries incl. offi ce staff& pensioners -11 877 168 -12 269 077 -13 528 935Travelling, Accom. & Synods -263 575 -370 722 -392 685Office -193 094 -380 010 -265 787Membership Fees -120 773 -141 286 -92 564Sundry Expenses -124 979 -315 364 -248 004Circuit Expenses -155 820 -170 000 -170 000Solidarity Subsidies -348 951 -298 905 -321 405

PROJECTS -1 126 991 -2 083 041 0

-14 211 351 -16 028 405 -15 019 380

E L C S A (N -T ) FINANCIAL STATEMENTS 2013/2014

2014 Income Statement - ExpensesACTUAL ACTUAL Budget

EXPENSES 2013 2014 2014

PERSONNEL COSTS -11 877 168 -12 269 077 -13 528 935 Salaries - Pastors & Bishop+PF -8 651 680 -9 032 531 -9 596 189 Salaries - Pastors spouse allowances -136 200 -142 800 -153 400 Medical Aid contributions -1 409 616 -1 416 586 -1 591 268 Pension Fund Contributions -998 175 -877 214 -1 252 878

Group Personal Insurance -215 453 -249 278 -281 724 Sundries -4 432 -23 100 Work Permit -17 300 Total Cost of Employment -11 411 124 -11 722 841 -12 915 859

Personnel costs offi ce staff -466 044 -546 236 -613 076

TRAVELLING and ACCOMMODATION -263 575 -370 722 -392 685 General -14 860 -72 678 -30 000Overseas Furlough -14 762 -51 614 -34 000 Synods -36 854 -28 885 Motor vehicle expenses -70 140 -106 451 -149 800 Prov. for replace. of motor vehicle -53 800 Running expenses -70 140 -106 451 -96 000 Meeting & accom. Expenses(CC) -126 959 -139 979 -150 000

OFFICE -193 094 -380 010 -265 787 Printing & Stationery -9 816 -9 370 -10 976 Postage & Telephone -12 158 -21 832 -67 013 Purchases , Repairs & maintenance -42 415 -43 047 -35 000 Audit fees -31 500 -58 824 -32 000 Bank Charges -17 041 -20 343 -20 797 Rental & rates -80 164 -226 594 -100 000

2014 Income Statement - ExpensesACTUAL ACTUAL Budget

EXPENSES 2013 2014 2014

MEMBERSHIP FEES -120 773 -141 286 -92 564 U.E.L.C.S.A. -111 300 -132 511 -70 000 L.W.F. -3 473 -2 025 -2 862 L.U.C.S.A. -6 000 -6 000 -8 254 S.A.C.C. -750 -11 448

SUNDRY EXPENSES -124 979 -315 364 -248 004 Insurance -17 905 -19 015 -21 000 Transfer costs -96 938 -42 291 -188 320Management fees on Investments -112 288Repair & Maint: Land & Bldg -34 778 -1 000 Communication -10 136 -8 221 -22 684 Unforseen expenses -98 771 -15 000

CIRCUIT EXPENSES -155 820 -170 000 -170 000Solidarity Subsidies -348 951 -298 905 -321 405

PROJECTS -1 126 991 -2 083 041 0Mission -1 033 560 Theological Education -275 770 Church Music -83 244 Other, (Old Age H, DSH,Gossm) -63 634 Youth Fund exp -312 865 KZN Youth Hub exp -30 000 Specific Reserve Expenses -1 126 991 -283 968

TOTAL EXPENSES -14 211 351 -16 028 405 -15 019 380

2014 Income Statement - Income

SUMMARY 4.09.2015Income Actual Actual Budget

2013 2014 2014

CONTRIBUTIONS - CONGREGATIONS 10 922 543 11 778 844 12 367 188Solidarity 958 819 957 845 1 490 000Interest + Dividends 426 921 541 739 350 000Sundry Income (Rental+Sundry) 12 834 218 894 21 000EKD Subsidies 945 458 1 057 917 750 000Transfer Interest to Reserves -320 191 - -262 500

PROJECTS 1 126 991 1 745 438 -

TOTAL INCOME 14 073 375 16 300 677 14 715 688

SURPLUS/ (DEFICIT) FOR THE YEAR -137 976 272 272 -303 692

Capital Growth(fair value adjustments) 279 322 1 272 325 500 000 Total Comprehensive Surplus(deficit) 141 346 1 544 597 196 308

E L C S A (N -T ) FINANCIAL STATEMENTS 2013/2014

2014 Income Statement - IncomeACTUAL ACTUAL BUDGET

INCOME 2013 2014 2014

CONTRIBUTIONS - CONGREGATIONS 10 922 543 11 778 844 12 367 188

Solidarity 958 819 957 845 1 490 000Interest + Dividends 426 921 541 739 350 000Sundry Income (Rental+Sundry+Int on debt) 12 834 218 894 21 000EKD Subsidies 945 458 1 057 917 750 000Transfer Interest to Projects (Reserves) -320 191 -262 500

PROJECTS 1 126 991 1 745 438 0Offerings - Mission 510 520 557 864 Offerings - Theological education 257 369 234 248 Offerings - Church Music 57 778 71 061 Offerings Other,(Old Age H, DSH) 74 865 95 262 Offerings Youth Funds 226 459 201 494 Youth Hub Fund(KZN) contr. 98 236 Offerings Seniors work - 13 495 Other 473 778

TOTAL INCOME 14 073 375 16 300 677 14 715 688

SURPLUS/ (DEFICIT) FOR THE YEAR -137 976 272 272 -303 692

Capital Growth(fair value adjustments) 279 322 1 272 325 500 000 Total Comprehensive Surplus(deficit) 141 346 1 544 597 196 308

2014 RESULTS OBSERVATIONS

• We are now showing comprehensive income including the reserve funds as requested by the auditors.

• Deficit for 2013 was –R137,976• Surplus for 2014 was R272,272• Solidarity for 2014 was R532,155 below budget . • EKD receipt for 2014 was R307,917 above budget because of weaker

Rand .• Interest and dividends received were R191,389 above budget. • The return on investments was 14,6%.• Sundry income includes interest owed by congregations R188,000 • Capital growth was incorrectly shown in 2013 at R279,322 the correction

was then included in 2014. The 2014 amount thus looks amazing at R1,272,325. (Total for 2 years = 1,551,647 )

• Capital growth per annum should be about R600,000 to R660,000. The average for the last 2 years was R775,000.

SOLIDARITY

SOLIDARITYAMOUNT 2012 Cum 2013 Cum 2014 Cum

> R100,000 3 3 3

> R50,000 4 7 4 7 4 7

> R40,000 1 8 1 8 3 10

> R30,000 3 11 5 13 1 11

> R15,000 1 12 3 16 4 15

> R10,000 6 18 2 18 2 17

> R5,000 0 18 1 19 1 18

R0 - R4,999 6 24 6 25 8 26

No payment 6 30 5 30 4 30

30 30

30

Outstanding Contributions Dec 2014

Dec-14 Paid since New Bal.

Durban/St P         554 488 554 488

VDBP                228 415 228 415

Trinity           1 180 268 1 180 268

Westrand       865 382 504 700 360 682

Johburg Church of Peace 174 610 88 085 86 525

Moorl/Winterton 133 804 133 804 -

3 136 967 726 589 2 410 378

Audited B/S 3 127 665

9 302