The Friends of our Lady of Tintern
AGM Finance Report 14th March 2026

The cancellation of Vespers in 2025 due to inclement weather was disappointing, and it had an adverse impact upon our finances. As things stand we are in a position to fund and anticipate Vespers in 2026. At the 3rd April 2025 we had £1,705.85 in our bank account. At 2nd March 2026 it contained £2,931.59. This includes a grant from the Welsh Churches Fund of £1,000 for the pilgrims route. For the purposes of FOLT, aside from the pilgrim route, we have resources of £1,931.59.

Our finances were boosted by a donation from the Tintern Wine tasting fund of £400, which was very welcome. The sale of calendars was wonderful, we sold all our calendars and could have sold more, despite the absence of opportunity to market these at Vespers. We raised £476, which included some donations.

In terms of expenditure the charges for the printing of the calendars and the insurance of the statue remained stable. The absence of bank charges since August 2025 is helpful. We have paid £91.20 from our bank account to Ionos for internet support, however David Benson and I need to reconcile this with Steve Evans' regular payments to Ionos as well.

The cancellation of Vespers meant that we missed the opportunity to sell calendars and cards, as well as to benefit from donations. Fortunately we were not charged for the cancellation of the sound system, nor for St John’s Ambulance.

Expenditure
Internet charges	£91.20
Bank charges	£22.00
Calendar printing	£216.00
Insurance	£91.31
Vespers printing	£195.15
Statue upkeep	£34.60
Total Expenditure	£650.26

Income
Calendar sales	£476.00
Wine club donation	£400.00
Welsh Churches Fund grant	£1,000.00
Total Income	£1,876.00

Reconciliation £1,705.85 +£1,876-£650.26=£2,931.59

NB: Our financial year ends at 31 March 2026. Between now and then the only expenditure should be £7.20 in internet charges. Thus at the end of March our closing balance should be £2,924.39.

Elisabeth Lewis
Treasurer, FOLT