The Finance Committee is responsible to the Kirk Session for all the Church’s finances. The committee consists of the Treasurer, the two Session Clerks, the Gift Aid/FWO Treasurer and six other members. The committee reports to the Kirk Session on a regular basis with the Annual Accounts being presented for approval in February after independent examination. A budget for the following year is presented to the Kirk Session at their November meeting.
Treasurer’s Report for the year ended 31st December 2015
Income to unrestricted funds for the year ended 31st December 2015 was £151787. This figure includes Gift Aid of £29187. Income to designated and restricted funds in addition to the above, excluding church organisations, was £71741.
Previous years’ restricted funds have included large receipts in respect of the St. Josephs Development Fund and I am pleased to report that sufficient funds have been received during the year to totally repay the remaining £45380 of loans outstanding at 31st December 2014, as estimated, one year and three months ahead of schedule. This has been a huge effort by congregation and community alike and is a wonderful achievement.
Also, our Manse is being extensively refurbished in readiness for the arrival of our new minister and surplus funds within our accounts have been reallocated to the Fabric Fund to assist with that cost.
The St Joseph’s Centre continues to be the social hub of our village and advance booking for lettings in all our halls is now essential. Income from the facilities last year increased to £21182, reflecting their popularity. The St. Josephs Centre hosts the Mill Café, open Tuesdays to Fridays inclusive, and on Farmers Market Saturdays. The Balerno Village Screen – our village cinema continues to thrive and we have benefited by further gifts of fixed assets from the Cinema Group of £4964 by way of modern projection equipment which offer the best facilities available in our area plus new blackout curtains which give improved viewing. Generous donations from our other active Church Organisations provided income of over £13,000 during 2015.
The audited accounts were presented to and agreed by the Kirk Session on 9th March 2016 and are subject to Presbytery approval.
David M Booth – Treasurer – firstname.lastname@example.org .
15th March 2016