Financial matters, April 1923

Mr Hillman, on behalf of the Finance Committee, presented the church accounts, which showed that the total income during the year amounted to £891 9s 10d.
Last year there was a debit balance of £35 0s 8d, and this year a balance on the wrong side of £38 1s 10d.
Mr Rogerson said he thought something should be done to try and wipe off the debt. Mr Hotblack agreed, and said he thought it would be good plan if the churchwardens started a fund with this object. He would be pleased to start the list with a donation of £5 (£250 today).
. . . . . . . . . . .
The Rector said he thought they were very generous in the amounts which they gave away and in the future he did not think it would be possible to help all those who made claims upon them, for many of these claims came from societies he had never heard of.

(Extracts from Vestry Meeting, 10th of April 1923)

It is interesting to note that the annual income of £891 in 1923 was worth approximately £46,500 today. Surprisingly half that sum was worth £46,000 in 1913 – as referred to in another post. The reason for this is the very high rates inflation between 1915 and 1920 – probably a direct result of the First World War.