January 2020

Kirk Session Report
20th November 2019
The Session was updated on the progress of one of our number – Geoff Goldstraw
who is undergoing treatment. The best wishes of the Session are sent to Geoff
and his family.
TOPCOP Finance Report – Statement of Financial Activities for Quarter to 30
September
The amount of gift aid due to be recovered for the quarter was £3,166 and this
had now been received.
Taking that into account, the income for the 9 months was £84,123, which was
very close to the budget, but was about £2,500 below the total income for the
same period last year. This year a legacy of £2,000 was included, so the reduction
on normal income was £4,500 which must be a concern.
On the expenditure side, the actual costs were close to budget overall, but Fabric
and Maintenance costs were already ahead of the full year’s budget and allowing
for further accounts which will be paid before the year end, the total for the year
would be about £12,600, compared to the annual budget of £7,000.
Income £2,536 was lower and expenditure was £4,557 higher, a total of £7,093
worse than the previous year for the same period.
A reduction of £3,000 in the Ministries contribution had been agreed by
Presbytery, but the higher Fabric and Maintenance costs would more than offset
that saving. As far as the final outcome for the whole year was concerned, the
final deficit is likely to be somewhat higher than the original projection of just
over £11,000, possibly as much as £13,000. This was substantially higher than
last year’s actual which was £1,430.
As a consequence action would have to be taken early next year to improve
income, while controlling costs. It was agreed that the Interim Treasurer would
write an article for the Magazine, setting out the present position and the need for
improvement.
Consolidated Fabric Fund - The amount standing to our credit at the Consolidated
Fabric Fund Revenue Account held by the Church of Scotland General Trustees
was £4,785. This would be transferred to the current account at the Bank of
Scotland shortly.
Presentation to Calum Macdougall - The amount collected was £3,855 and a
cheque for that amount had been passed to Calum. Those figures are not included
in the Statement as the receipts are cancelled out by the final payment.
Bank Balances - The credit balance as at 20 November on the Treasurer’s Account
was £15,063.11. That compared to £19,759 at the same time last year. The
balance on the Outreach Account was £9,141.10
Gas and Electricity supply contracts - The Trustees have negotiated new contracts
with Scottish Hydro for gas and Opus for electricity.