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Treasurers Report
Board Meeting 2 February 2010
Annual Accounts to 31 December 2009
During the year, our Offerings plus tax reclaimed on Gift Aid totalled £149,455, an increase of £330, with total income showing an increase of £3,866 to £164,549.
There was an increase of £2,376 in our allocation to 121 George Street but other expenses have been contained which means our total expenses were up £1,527 to £140,273 creating a surplus in the General Account of £24,276
We have transferred £10,000 from the General Account to the Fabric account leaving a balance in the General Account of £46,651
After this transfer the Fabric Fund stands at £71,365. The Kirk Carnival brought in £5,310 which is a substantial sum considering that the day was the wettest in recent memory
During the year the balance of the loan for the Manse extension was repaid One major item of expenditure was the new hearing system in the Kirk. This was charged to the Legacy Account which along with the installation of new electrical switches reduced the balance of this account by £14,378 to £17,555
From the statement of funds our total assets are £136,095 an increase of £12,557 over last year.
£123,100 is held with The Church of Scotland Deposit Scheme where the current interest rate is 1.89%
Financially we have had a good year and I would like to thank the Finance Committee for their input and support with a special mention to Anne & Jack who give so freely of their time and financial acumen and to Douglas who has spent so much time negotiating with Scottish Gas to ensure we get the best possible energy rates
John King
Treasurer.
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