Finance

Finance Report

Kirk Session meeting 2nd March 2016

Items discussed at finance meeting on 23rd February 2016:-

Accounts to 31 Dec 2015 as amended-require KS approval

Gift Aid update-qtr 3 and 4 for 2015 submitted-waiting on repayment from HMRC

New Building Fund update-bank balance £30,181; outstanding loans to be repaid

-        £40k to C of S  Trustees; £70k to H&K General Fund

2016 budget-requires KS approval

OSCR accounts 2015 preparation-Fiona Christie acting as Independent Accountant and the financial inspection is under way

Hall lets update

New contract for gas agreed -starts 6 April 2016

New exemption scheme for water/sewerage charges being introduced from april 2016. We will lose our current exemption as our income exceeds the new exemption threshold. Financial impact unknown at this point

C of S funding available under “GO FOR IT” scheme, being investigated

Online banking with Clydesdale Bank applied for-KS approval required

Sunday count location-now in upstairs hall- door duty team leaders please note

Staff pay review

 

H & K Accounts December 2015

 

HOUSTON & KILLELLAN KIRK SCO 12822                                  
                        HOUSTON & KILLELLAN KIRK SCO 12822        
INCOME & EXPENDITURE ACCOUNT     12 MONTHS TO DECEMBER  2015                          
                        STATEMENT OF FUNDS     31ST DECEMBER 2015
GENERAL FUND                                      
                                DEC   DEC      
BUDGET                         FUND BALANCES 2015   2014   MOVEMENT
2015     ACTUAL 2015     ACTUAL 2014        VARIANCE                £   £   £  
       £   ORDINARY GENERAL INCOME      £         £            £         £        £      £                      
                                 General      83,113   74,002   9,110  
            OFFERINGS                     Fabric     46,025   49,992   (3,967)  
                          Legacy     0   1,519   (1,519)  
11,600   Ordinary Offerings 13,469     11,615     1,854       Organisations   0   0   0  
18,900   W.F.O. Offerings 19,626     18,895     732       Flower Restricted   1,329   1,040   289  
87,100   Gift Aid 83,600     87,139     (3,539)       Session     7   7   0  
23,000   Tax on Gift Aid 24,081     23,424     657       Building Fund - Restricted (213)   (13)   (200)  
140,600           140,776     141,072     (296)     Social     0   0   0  
    OTHER INCOME                     Suspense     284   0   284  
                                130,546   126,548   3,997  
8,570   Organisations & Rental 7,870     8,525     (655)                        
3,200   Miscellaneous/Donations 4,016     3,842     174       REPRESENTED BY £   £   £  
200   Bank Interest 254     423     (169)                        
11,970       12,140     12,791     (651)     Clydesdale Bank - Current A/C 15,964   10,986   4,978  
152,570   TOTAL INCOME   152,916     153,863     (947)            - Deposit A/C 0   0   0  
                          Bank of Scotland - Time capsule 0   0   0  
    ORDINARY GENERAL EXPENDITURE                   Church of Scotland Deposit 33,934   103,934   (70,000)  
                          Church of Scotland Loan 0   0   0  
    LOCAL MINISTRY                           49,898   114,920   (65,022)  
                          Debtors - Tax due from Inland Revenue 10,607   12,019   (1,412)  
87,210   Allocation - Note 2 85,986     87,440     (1,454)       Debtors - H&K Building Fund loan 70,000       70,000  
3,000   Ministerial Assistance 0     0     0                    - Others                        0   0  
300   Pulpit Supply 334     50     284             130,505   126,939   3,566  
0                         Creditors - PAYE & Others 41   (391)   432  
0   Minister's Travel 2,425     3,027     (602)             130,546   126,548   3,998  
1,836   Presbytery & Synod Dues 1,836     1,757     79                        
92,346       90,581     92,274     (1,693)                      
                                           
    LOCAL  CONGREGATIONAL PURPOSES                                      
                                           
4,760   Organist Salary & Supply 4,810     4,183     627                        
7,650   Secreterial & Church Officer Salaries 7,995     7,353     642                        
10,075   Heat & Light 11,590     12,208     (618)       FUND MOVEMENT ANALYSIS   Income   Expenditure  
9,025   Rent Rates Insurance & Water 7,283     6,986     297                 £   £  
3,000   Printing & Stationery 2,261     4,319     (2,058)                        
3,560   Kirk Record and Life & Work 3,750     3,514     236         Fabric Opening Balance 1/1/15 49,992      
840   Telephone 750     769     (19)                        
1,000   Organ & Piano Maintenance 1,493     1,253     240           Manse Dishwasher       456  
5,025   Repairs & Maintenance 5,001     6,089     (1,088)           Resurface of Hall       2,350  
2,750   Cleaning 4,037     1,929     2,108           Income Interest   58      
2,500   Upkeep of Grounds 1,266     815     451           Fittings for Church Halls     149  
100   Communion Expenses 93     103     (10)           Fittingsand tables for Church Halls   1,134  
1,500   Youth Ministry 1,232     798     434           Income interest   64      
2,050   Miscellaneous Expenses 1,463     1,239     224                        
53,835       53,025     51,560     1,465                      
146,181   TOTAL EXPENDITURE   143,606     143,834     (228)                      
                                           
                                           
6,389   SURPLUS/(DEFICIT) FOR YEAR    9,310     10,029     (719)         Closing Balance 31/12/15     46,025  
                                    50,114   50,114  
74,002   General Fund Balance 1st January b/fwd   74,002     63,973     10,029                      
                                           
    Transfers                                      
0         To Fabric Fund               0                      
0         To Building Fund         0     0                      
(1,000)         To Benevolent Fund   (200)     0     (200)                      
79,391   GENERAL FUND BALANCE   83,113     74,002     9,110                      
                                           
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Draft Budget 2016

 

         
HOUSTON & KILLELLAN KIRK                 SCO 12822    
         
    DRAFT BUDGET 2016    
         
GENERAL FUND    
      CHURCH  
ACTUAL     BUDGET  
2015     2016  
     £      ORDINARY GENERAL INCOME        £  
                
    OFFERINGS            
         
13,469   Ordinary Offerings 13,500  
19,626   W.F.O. Offerings 19,600  
83,600   Gift Aid 83,600  
24,081   Tax on Gift Aid 22,150  
140,776     138,850  
    OTHER INCOME    
         
7,870   Organisations & Rental 9,100  
4,016   Miscellaneous/Donations 2,200  
254   Bank Interest 200  
12,140     11,500  
152,916   TOTAL INCOME 150,350  
         
    ORDINARY GENERAL EXPENDITURE    
         
    LOCAL MINISTRY    
         
85,986   Allocation - 85,000  
2,425   Ministers Travel 2,500  
334   Pulpit Supply 385  
1,836   Presbytery & Synod Dues 1,835  
90,581     89,720  
         
    LOCAL  CONGREGATIONAL PURPOSES    
         
4,810   Organist Salary & Supply 5,050  
7,995   Secretarial Salary & HallKeeper 8,370  
11,590   Heat & Light 12,000  
7,283   Rent Rates Insurance & Water 7,945  
2,261   Printing & Stationery 2,500  
3,750   Kirk Record and Life & Work 3,800  
750   Telephone 1,000  
1,493   Organ & Piano Maintenance & Choir 1,450  
5,001   Repairs & Maintenance 8,745  
4,037   Cleaning 5,400  
1,266   Upkeep of Grounds 3,750  
93   Communion Expenses 100  
1,232   Youth Ministry 2,050  
1,464   Miscellaneous Expenses 1,500  
53,025   TOTAL 63,660  
143,606   TOTAL EXPENDITURE 153,380  
         
         
9,310   SURPLUS/(DEFICIT) FOR YEAR  (3,030)  
         
74,002   General Fund Balance 1st January b/fwd 64,810  
         
    Transfers    
          To Fabric Fund    
0         To Legacy Fund 0  
(200)         To Benevolent Fund 500  
83,112   GENERAL FUND BALANCE        61,280