Circuit
Meeting 11 November 200 8
I Budget
for the year to end 31 August 2009
At the last Meeting I advised that the Budget had been
agreed with all the Churches but one, Edmonton. I am pleased to advise that
Edmonton subsequently also agreed, so we are proceeding with a Circuit Budget
of net expenditure amounting to £280,000.
This represents an amount of nearly £300 a member.
II
Accounts for the Year ended 31 August 2008.
Draft Accounts have been with the auditors Graeme Bruce
& Partners for over a month now. As they have not yet signed off on them, I
am not in a position to give them to you.
I can tell you that they show a surplus of £8,400 in the
year.
We spent £30,000 as the costs of moving ministers into their
new manses and redecorating them.
As at 31 August, we held £79,000 in Unrestricted Funds and
£81,000 in Restricted Funds making a total of £160,000.
We intend to utilise a large part of these Restricted Funds
in this current financial year by installing new kitchens in four manses and
carrying out substantial roof repair work at 79 London Road. The total cost of
this will be £29,000. However, as we are funding this work from our Restricted
Funds (Circuit Advance Fund) at TMCP, there is no impact on the assessments
payable by Churches.
Finally, I would like to thank all the Treasurers of
churches in the Circuit for their support and assistance during the year.
Andrew
Anderson
Circuit
Treasurer
10
November 2008