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2010 Statement for the Unrestricted Fund (General)
as at 31st August 2010
Actual Budget Actual
2010 2010 2009
Total Income £90,417 £90,680 £91,855
Total Expenditure £95,853 £91,607 £87,177
Surplus / (Deficit) (£5,436) (£928) £4,678
Annual Accounts for 2009 The annual accounts for 2009 have now been approved by the Kirk Session (The Trustees) and have been independently inspected. The accounts, as last year, now take the form of a Trustees report which includes a review of what has happened in the Church during the year. All our funds are split under three headings of Unrestricted (General), Designated (Fabric, Equipment Renewal and Mission) and Restricted (Building, Trust Funds and Organisations). During the year the Unrestricted fund had a surplus of £2,673 and the Finance Committee have decided that £2,000 of this should be transferred to the Designated Fabric Fund. Our total Unrestricted fund income is slightly down and our expenditure is up on 2008. Our allocation for the ministries was up by nearly £4,500 and we have had additional costs for the refurbishment of the Manse along with maintaining the Church and halls. Although our allocation was adjusted during the year after our Minister left we then incurred the cost of a locum which made up the difference. The outstanding loan, from the Church of Scotland General Trustees, for the purchase of St Joseph’s, was completely paid off during the year along with some interest free loans. A budget for 2010 has been agreed by the Trustees which anticipates a deficit of £3,090 as costs will increase but our income is likely to remain static.
Finance Committee
The Finance Committee is responsible for all the Church's finances responsible to the Kirk Session. The committee consists of the two Session Clerks, the Treasurer, the Gift Aid Treasurer, the FWO Treasurer and five other members.
The committe reports back to the Kirk Session on a quarterly basis with the Annual Accounts being presented in February for approval after they have been independently examined. A budget for the following year is presented to the Kirk Session at their November meeting. A summary of the accounts is presented at the June and September meetings.
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