## _**The Church of Scotland**_ **Congregation No. 301836** Scottish Charity No. SC 008630 _Brechin & Farnell Parish Church_ _ACCOUNTS FOR THE YEAR TO_ **31[ST] DECEMBER 2024** ## **Trustees’ Report: Brechin & Farnell Parish Church** ## **Reference and Administrative Information** Charity Name Charity Registration No. SC 008630 Congregational Reference No. 301836 Contact Address Church Office 49a Southesk Street Brechin Angus DD9 6AW Brechin and Farnell Parish Church **Trustees** Minister Interim Moderator Kirk Session Members Page 3 ## **Principal Office Bearers** Minister: Interim Moderator Session Clerks Treasurer **Independent Examiner** **Bankers** Bank of Scotland, 31 High Street Montrose, Angus DD10 8LT Royal Bank of Scotland, Brothock Bridge Arbroath, Angus, DD11 1NP until 11 April 24 **--------------------------- --------------------------** ## **Brechin and Farnell Parish Church Trustees’ Report Year ended 31 December 2024** The trustees present their annual report and financial statements of the charity for the year ended 31 December 2024 ## **Structure, Governance and Management** ## **Governing Document** The Church is administered in accordance with the terms of a Unitary Constitution. ## **Recruitment and Appointment of Trustees** Members of the Kirk Session are the charity trustees. The Kirk Session members are the elders of the church and are chosen from those members of the church who are considered to have the appropriate gifts and skills. The minister, who is a member of the Kirk Session, is elected by the congregation and inducted by Presbytery. ## **Organizational Structure** The Kirk Session is responsible for all the affairs of the church, spiritual and temporal and is chaired by the minister or, when appointed, an interim moderator and meets approximately eight times a year. Certain responsibilities are delegated to a variety of small groups (of members as well as elders) who report to the Kirk Session. These include statutory teams (Finance, Property and PVG) and developmental and executive groups based on the two worship centres at Farnell and Brechin. This includes pro tem teams who help organize special events. Our aim is that everyone can offer the gifts they have in service and to draw in folk who serve in many different ways. ## **Objectives and Activities** The Church of Scotland exists to worship God and to journey together, deepening our faith in working for Christ’s Kingdom throughout the world. As a national Church, we acknowledge a distinct call and duty to bring the Good News of Christ to the people in every Parish of Scotland through a territorial ministry. The Church of Scotland is Trinitarian in our doctrine, Reformed in our tradition and Presbyterian in our polity. We co-operate with other Churches in various ecumenical bodies in Scotland and beyond. Page 4 The united Kirk Session, bringing together elders from the two worship centres at Brechin and Farnell following the recent union, is in the process of developing a strategic plan to guide our work over the next decade. The strategic plan is expected to cover; - developing our mission in Brechin and Farnell and their landward areas; - renewed focus on our relationships with local schools and voluntary organisations to better engage with young people; - securing a healthy and sustainable financial position; - maintaining our property and buildings to a high standard; work in each of these areas has already begun. **Worship:** Our worship services are normally held every Sunday at 9.30am in Farnell and 11am in Brechin. Brechin Gardner Memorial has a valuable outreach facility regularly streaming services via YouTube and attracting a further 25-30 participants. Each service at both worship centres is followed by tea and coffee providing a valued and valuable socialising extension to Sunday worship. **Presbytery:** The united congregation is represented at Perth Presbytery by an elder elected by the Kirk Session and by one freely elected elder.c ## **Renewal Projects:** The Kirk Session is in the process of reassessing its project priorities following a total expenditure to date of £23,393 (2023-24) on the Manse. ## **Financial Review** **Income & Expenditure:** Total receipts were £118.112 (£94,053) of which £30,304 (£10,992) were transferred from the congregations holding in the General Trustees Central Fabric Fund, £67348 (£62,733) was from weekly offerings and donations, £2,000 (none) from legacies, £7,201 (£7,471) was from general fund raising, £4,661 (£4,150) was investment income and none (£4,579) was Manse rental income. Planned giving through Gift Aid donations was £37,857 (£37,270) whilst Non-Gift Aid Weekly Freewill Offering donations was £7,201 (£7,567) and Ordinary Offerings (Open Plate) were £8,857 (£5,009). Tax recovered on Gift Aid was £11,720 (£12,567) along with other donations of £685 (£320). Whilst congregational support during the vacancy was stable, there was a 9% increase in giving of £54,599 (£50,166), excluding tax recovered on Gift Aid, following the appointment of our new minister. Overall, Net Expenditure, was £117,052 (£101,554) excluding the Purchase of Assets and Investments £Nil (£Nil). Excess of Receipts over Expenditure being therefore £3,003 (-£7,502). Adding funds brought forward at the beginning of the year, the balance carried forward at 31[st] December 2023 in the Fabric account was £1,949 (£845) in anticipation of ongoing maintenance and repair expenditure next year. The combined total of unrestricted General and Reserve accounts decreased to £5093 (£4.524). ## **Investment Policy** It is our policy to invest funds with the Church of Scotland Investors Trust and to move them between the Trust’s Deposit, Growth and Income Funds as circumstances dictate. We currently hold local bank balances of £25,972 (£23,768) and investments worth £206,445 (£189,359) together with Consolidated Fabric Fund Revenue balance of £2,531 (£26,297) and Capital (II) investments of market value £94,654 (£86,494) Growth Fund units; £34,032 (£33,724) Income Fund Units and £32,039 in Deposit Funds, making a net worth of £395,671 (£391,681) at the year end. ## **Reserves Policy** The charity trustees have considered the reserves required and have taken into account their current and future liabilities. It is the Trustees’ policy, where possible, to maintain an unrestricted working balance between the General and Reserve accounts of at least two month’s payments (approximately £10,000), and £2,000 in the Page 5 Faiyic acco￿1 to cover wrf(Yeseen expathture th# may ￿se frmi to trne. UTrforturA¥dy. m4tnityiwKe of these policies has Froved u￿re￿nglY thfficuli to xhieve dun'n8 the y¢2r with ao aver8ge inc(rfne of £6.507 £4.546 Balances in the Ixhex wtyertnLtrd firml School) ts) £1.148 (£1.4￿￿ with £7.415 (£2.W) in the rc5tncted Renewal account follow￿ Th¥0 twtscularly donatio1￿ arnj £1.888 (£1,894) remainin8 Ihe Poor Fund £8.480 (£1197) m the varii)us E￿¢TrI FWMI Tr¥$ttts' ReJponsibilities Thc members of the kwk SessA(n mud trepare ststerncnts Mthich give sthTiciert drt•il to enable an aFveciatsm of the transxtiims of the Chwch dwth8 the f￿ancIal year. The memkn of the kJTk Sew( reswmsible keryKn8 proper acc(Am￿n8 re¢(Yd% whidl ¢JJ req￿ refi¢¢¢ th¢ fIn￿cial posits￿ of the Chwth * that tsme. This be to that the st*em*YrfS comply wrth the Chartt￿ T[u￿CeS Imtestrnent (Scrtland) Act ?(KJ5. the charli￿ A¢c(Wts (Scotland Regulats￿$ )CiK) the Regulations Anent cffigregatsIx￿ Finance approved by the (?eneTal A55embty of the Chwth of Scrti*Dd in 007 They are also reSpl￿1b1c r(K $8fcguardir4¥ the &ssets of th¢ Clmwth Ind m￿1 take steps for pyeventson det¢curn o(fraud irre8ulanties Apwoved lry the Trustets ther ithAi£ D**. P4e6 Brecbin and Farnell Parish Church SC 008630 Report of Independent Examiner I report on the accounts of the charity for the year ended 31" De￿M￿r 2024 Respective responsibilities of trustees examiner The ch￿Ity's truste¢s are responsible for the pr¢￿Tation of the aeLounts in accoidance wtth the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charitses Accounls (Scotland) Regulations 2006 (as am¢nd¢d). The Charity's trustee5 consider tbat the atxlit requiTement of Regulation 10(] ) (a) to (c) of the Accounts Regulations does noÉ apply. It is m), responsibility to examine the accounts as required under section 44(1 } (c) of ihe Act and to state whether particular matters have come to my att¢ntion. Basis of independent examiner's ststement My examination is carried out in accordance with Regulalion 11 of the Clwities Accounts (Scotland) Regulations 2006. An examination inclth a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also iD¢ludes consideration of any unusual it¢ms or disclosures in accounts and seeks ¢xplanations from the tr￿5(￿5 concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and con5q￿]tEY I do nol express an audit opinion OD the vie1¥ gti'en by the accounts. Independent examiner's statement In the course of my examination, no matter has come lo my attention [otheT than disclosed below ] wbich gives me reasonable cause to believe thal in any materia] res￿ th¢ requirements.. to kecp accounting records in accordance with Section 44(1) (a) of the 21K)5 Act and Regulation 4 of the 2006 Ae£ounts Regulations (as amended). aDd to prepare accounts which accord with the accounting re¢ords and Lximply with Regulation 9 of th¢ 2006 Accounts Regulations (as amended) have noi been rneL or 2. to which, in my Opinio￿ attention should be drdwn in order to ¢nabl¢ a proper understanding of ihe accounts lo be reached. Date: Page 7 **Brechin & Farnell Parish Church Receipts and Payments Account** ## **Year ended 31 December 2024** ## **Notes** |**Receipts**
Offerings & Donations
Legacies
Activities for Generating Funds
Bank Interest
Investment income
Use of Premises
Rental income Glebe etc.
Sale of assets
Sale of investments
Grants & Rebates etc.
Receipts from GTs Con. Fab. Fnd.
3rd Party Contribut'ns-L&W etc.
3rd Party Collections
Total Receipts (Gross)
_Less Contributions by Others_
_Less 3rd Party Collections_
**Total Receipts (Net)**
**Payments**
Costs of Generating Funds
Charitable Activity Expenditure
Governance Costs
Purchase of Assets & Investments
Total Payments (Gross)
Less Contributions by Others
Less 3rd Party Collections
**Total Payments (Net)**
**Excess of Receipts over Payments**
**for the year before transfers**
**Transfers**
**Excess of Receipts over Payments**
**for the year**|
**3**
**4**
**4**
**4**|**Unrestricted**
**Restricted**
**Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**Total**
**2024**
**2024**
**2024**
**2024**
**2023**
**£**
**£**
**£**
**£**
**£**
66,319
0
0
66,319
62,733
0
2,000
0
2,000
0
7,181
20
1,029
8,230
7,471
7
0
0
7
36
2,395
363
1,903
4,661
4,150
75,903
2,383
2,932
81,218
**74,390**
903
0
0
903
3,779
800
0
0
800
800
0
0
0
0
0
0
0
0
0
3,000
1,388
3,500
0
4,888
1,092
29,504
0
0
29,504
10,992
0
0
0
0
168
2,297
0
0
2,297
2,460
34,891
3,500
0
38,391
22,291
110,793
5,883
2,932
119,609
96,681
0
0
0
0
-168
-2,297
0
0
-2,297
-2,460
**108,497**
**5,883**
**2,932**
**117,312**
**94,053**
353
0
0
353
214
109,162
539
7,351
117,052
103,967
0
0
0
0
0
0
0
0
0
0
109,515
539
7,351
117,405
104,180
0
0
0
0
-168
-2,297
0
0
-2,297
-2,460
**107,218**
**539**
**7,351**
**115,109**
**101,552**
1,278
5,344
-4,419
2,203
-7,500
82
0
-82
0
0
**1,360**
**5,344**
**-4,500**
**2,203**
**7,499**| |---|---|---| Rounding - See Note 8 Page 8 nt of Balance3 At31 Dec N•te UDreth¥itled Restiieted Ead•Thrynw¢ T•tsl fund$ Totsl BaDk&D B8nk & depostt bataG¢s bro￿11 toNwd ai l 2024 k2J80 23.768 3 1.269 Eic&55 of R¢cgiNs over Pavrn¢ws for the )'ear 2.204 -7.501 Bank. & d¢p(01 bal¥wJ¢es caTried fonvard at 31 2024 4190 23.768 Icosl £42.961) 107. 17.162 81293 2(kn.445 189,3)9 e8. Gift Aid R¢¢ek"vatde 876 eB. Cost of Yep*ts ￿ vet kn'll -221 570 1.791 11255 Rounthng- SeeNote 8 Approved by die Trllstees o and sig￿1 c4] th*'r behair Page 9 **.** ## **Notes to the Accounts 2024** ## **1 Trustee Remuneration and Related Party Transactions** |Locum Costs|£1,360| |---|---| |Minister, Interim Moderator & Locum received travel expenses|£841| |The net sum paid for the Manse Council Tax was|£3,180| |who is a member of the Kirk Session received|£7,986| |for providing her services as Church Administrator during the year|| _Rounding - See Note 8_ ## **2 Movements of Funds** (Held locally in Bank Accounts) |**Unrestricted Funds**
General Fund Account
Reserve Fund Account
Sub - Total
Fabric Fund Account *
Sunday School Fund A/c
Guild Fund
**Restricted Funds**
Renewal Project Account
Poor Fund Account
**Endowment Funds**
General Purposes Trust A/c
Session Trust Account
J Dall Bursary Account
McCosh Bursary Account
Ferrier Hood Fund Account
Rev. Gardner's Trust
**Total Funds**
(Held locally in Bank Accounts)|**01-Jan**
**31-Dec**
**2024**
**Receipts**
**Payments**
**Transfers**
**2024**
**£**
**£**
**£**
**£**
**£**
4,149
75,798
86,323
8,954
2,579
375
1,049
0
1,090
2,514
4,525
76,847
86,323
10,044
5,092
845
31,347
20,359
-9,883
1,949
1,460
224
536
0
1,148
0
79
0
-79
0
6,830
108,497
107,218
82
8,190
2,065
5,790
439
0
7,415
1,894
93
100
0
1,888
3,959
5,883
539
0
9,303
6,321
1,737
6,459
40
1,639
1,226
300
443
0
1,083
2,764
405
450
0
2,719
887
32
0
0
919
1,781
338
0
0
2,119
0
122
0
-122
0
12,980
2,932
7,351
-82
8,479
**23,768**
**117,312**
**115,109**
**-0**
**25,972**| |---|---| * Includes £29,504 drawn down from GT's CFF _Rounding - See Note 8_ Page 10 ## **Purposes of Unrestricted Funds** General Fund is an account used for the everyday running of the Church Reserve Fund is an account used to support the General Fund Fabric Fund is an account used for the maintenance of Church property Sunday School account is used for general Sunday School expenditure Messy Church account was closed in January with remaining funds transferred to the Sunday School Account Guild Account is held on behalf of the Guild and is currently donated to the Church for general expenditure ## **Purposes of Restricted Funds** Poor Fund is an investment and associated bank account used to provide help for the needy of the community Renewal Project account is to prepare the Church for the future and renew its mission in the community ## **Purposes of Endowment Funds** General Purposes Trust is a collection of endowments providing income for general purposes Session Trust is a collection of endowments (A&M Birnie & A S Grant) providing income for Session expenditure James Dall Bursary is an endowment providing income to assist Church of Scotland Ministry students McCosh Bursary is an endowment providing income to assist University students Ferrier Hood Fund is an endowment providing income for the Young Church Guild Trust Fund includes an endowment by Miss Roma Moffat providing income for the Guild Sunday School Trust is a collection of endowments providing income for the Sunday School Rev Gardner's Trust is an endowment providing income for payment of the Minister's stipend ## **General Purposes Trust Benefactors** ## **Session Trust Benefactors** ## **Sunday School Trust Benefactors** |**3**
**Analysis of Donations**
Gift Aid Donations
WFO Scheme (Non Gift Aid)
Ordinary Offerings (Open Plate)
Other Offerings, Donations etc
Tax Recovered on Gift Aid Donations|**Unrestricted**
**Restricted**
**Endowment**
**Funds**
**Funds**
**Funds**
**Totals**
**Totals**
**2024**
**2024**
**2024**
**2024**
**2023**
**£**
**£**
**£**
**£**
**£**
37,857
0
0
37,857
37,270
7,201
0
0
7,201
7,567
8,857
0
0
8,857
5,009
685
0
0
685
320
11,720
0
0
11,720
12,567
66,319
0
0
66,319
62,733| |---|---| _Excludes Special Collections for Third Parties - See Note 6 Excludes HLF/HES GPOW, DCMS LPOW, HMRC SBS & JRS & Grants_ _Rounding - See Note 8_ Page 11 |**4**|**Analysis of Payments**|**Funds**|**Unrestricted**|**Restricted**|**Endowment**|**Totals**|**Totals**| |---|---|---|---|---|---|---|---| ||||**2024**|**2024**|**2024**|**2024**|**2023**| ||**Cost of generating funds**||**£**|**£**|**£**|**£**|**£**| ||Investment Managers' fees||0|0|0|0|0| ||WFO Envelopes & Stewardship Costs||353|0|0|353|214| ||||353|0|0|353|214| ||**Charitable activities**||||||| ||**National Ministry & Mission**|**and Wider**|**Work**||||| ||Giving to Grow||36,499|0|0|36,499|26,965| ||Presbytery dues||1,995|0|0|1,995|1,189| ||Minister / Locum Travel Exps etc.||1,417|0|0|1,417|880| ||Pulpit Supply||476|0|0|476|813| ||Locum||1,360|0|0|1,360|14,428| ||Other Salaries, Employers NI & Fees||15,974|0|0|15,974|15,980| ||Heating and Lighting||10,696|0|0|10,696|5,105| ||Insurance Church & Manse||9,205|0|0|9,205|8,784| ||Manse Council Tax||3,600|0|0|3,600|0| ||Grounds, Cleaning Mat'ls & Laundry||1,568|0|0|1,568|2,025| ||Church Office & Telephone Expenses||997|0|0|997|1,262| ||Life & Work||0|0|0|0|168| ||Printing & Advertising||1,320|0|0|1,320|419| ||Organ & Music||663|0|0|663|79| ||Miscellaneous Expenses||593|0|6,901|7,494|4,181| ||Fabric Repairs Churchs||9,268|0|0|9,268|2,291| ||Fabric Repairs Manse||9,447|0|0|9,447|13,946| ||Glebe||1,761|0|0|1,761|597| ||Parish Nursing / Anna Chaplincy||0|0|0|0|540| ||Poor Fund||0|100|0|100|526| ||Bursaries||0|0|450|450|0| ||Renewal Project||0|439||439|579| ||Third Party Collections||2,323|0|0|2,323|2,233| ||||109,162|539|7,351|117,052|102,989| ||**Governance Costs**||||||| ||Independent examiner's fees||0|0|0|0|0| ||**Purchase of Assets / Investments**||||||| ||Purchase of assets||0|0|0|0|0| ||Purchase of investments||0|0|0|0|0| ||||0|0|0|0|0| ||||||||| _Excludes disburment of Special Collections for Third Parties - See Note 6 Rounding - See Note 8_ Page 12 ## **5 Ministers' Stipends** All Church of Scotland congregations contribute to the National Stipend Fund which bears the cost of all ministers' stipends and employer's contribution for national insurance, pension and housing and loan fund. Minsters' stipends are paid in accordance with the national stipend scale, which is related to years of service. For the year under review the minimum and maximum stipend were £31,642 and £38,884 ## **6 Gardner Community Association SC 047375** The Gardner Community Association has a Management Board of Trustees some of whom are also Elders and Trustees of the Gardner Memorial Church **----- Start of picture text -----**
7 Collection for Third Parties 2024 2023
£ £
Brechin Ukraine Support 526
Brechin Flood Appeal 227 570
Brechin (2), Ferryden & Friockheim Primary Schools 1400
Brechin - Royal British Legion 89 247
Christian Aid 206
DEC Turkish Earthquake Appeal 500
RSABI 174
Total Collections for Third Parties 2096 1843
**----- End of picture text -----**
_Not included in Notes 3 and 4 Rounding - See Note 8_ ## **8 Rounding** All sums of 49p and below have been rounded down All sums of 50p and above have been rounded up ## **APPENDIX** ## **FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES** |**CONSOLIDATED FABRIC FUND**
Account No.
Consol. Fabric Fund - Rev
301836-50
Consol. Fabric Fund - Cap
301836-55
Consol. Fabric - Cap(II)
301836-56
Growth Fund
663018365
Income Fund
663018366
Deposit Fund
663018367
Capital + Revenue Accounts Market Value at 31st December|**2024**
**2023**
**£**
Cost £
Market Value at 31 Dec
£2,531
£26,297
£0
50,365
£94,654
£86,494
26,581
£34,032
£33,724
32,039
£32,039
£32,039
108,985
£160,724
£152,257
£163,255
£178,554| |---|---| _Rounding - See Note 8_ Page 13 ## **Brechin & Farnell Parish Church** ## The Church of Scotland Investors Trust ## Certificate of Investments Held at 31 December |**Deposit Fund**
**Type**
Reserve Fund
Unrestricted
**Growth Fund**
**Type**
**Unit Price at 31 Dec - £** 6.38
Reserve Fund
Unrestricted
Fabric Fund
Unrestricted
Sunday School Trust Fund
Unrestricted
Renewal Fund
Restricted
Poor Fund
Restricted
General Purposes Trust Fund
Endowment
James Dall Bursary
Endowment
McCosh Bursary Fund
Endowment
Ferrier Hood Fund
Endowment
Rev Gardner Memorial Trust
Endowment
**Income Fund**
**Type**
**Unit Price at 31 Dec - £** 11.06
Church of Scotland Guild
Unrestricted
Session Trust Fund
Endowment
**Market Value of all Investments**
**Cost of all Investments**
**Unrestricted**
**Restricted**
**Endowment**|**No of Units**
2,000
**No of Units**
7,000
7,724
1,660
2,000
690
5,240
3,000
235
2,500
900
**No of Units**
132
500||**Cost**
**£**
2,000
**Cost**
**£**
24,733
9,405
3,466
11,760
1,001
11,145
4,752
534
6,435
1,718
74,950
**Cost**
**£**
1,144
5,392
6,536
83,486
40,749
12,761
29,977|**Market**
**£**
£2,000
**Market**
**£**
£44,660
£49,279
£10,591
£12,760
£4,402
£33,431
£19,140
£1,499
£15,950
£5,742
£197,455
**Market**
**£**
£1,460
£5,530
£6,990
£206,445
£107,990
£17,162
£81,293| |---|---|---|---|---| _Rounding - See Note 8_ Page 14 ## **Brechin & Farnell Parish Church** ||**FORCAST**|**FORCAST**|**2025**|**ACTUAL 2024**| |---|---|---|---|---| |**GENERAL FUND**||||| |**INCOME**||||| |Offerings & Donations||||| |Gift Aid Donations|38,500|||37,857| |WFO Scheme (non Gift Aid)|7,500|||7,201| |Ordinary Offerings (Open plate)|9,000|||8,857| |Other Offerings, Donations|700|||685| |Tax recovered on Gift Aid Donations|12,000|||11,720| |HMRC SBS & JRS Grants|0|||0| |||||67,700
66,319| |Regular Fund Raising|800|||722| |Exceptional Fundraising|3,800|||3,289| |Weddings & Funerals|4,000|||3,170| |Use of Premises|1,000|||903| |Other Ordinary Income||200||108| |||||9,800
8,191| |Total Ordinary General Income||||**77,500**
**74,511**| |**EXPENDITURE**||||| |Cost of Generating Funds||||| |WFO & Stewardship||380||353| |||||380
353| |National Ministry and Mission & Wider Work||||| |Giving to Grow|42,862|||36,499| |Presbytery Dues|2,000|||1,995| |||||44,862
38,494| |Local Staffing Costs||||| |Minister's Car & Telephone|1,500|||1,417| |Locum||0||1,360| |Pulpit Supply|1,000|||476| |Other Salaries, National Insurance & Pensions|16,500|||15,974| |||||19,000
19,226| |Buildings Costs||||| |Heating & Lighting|12,000|||10,469| |Insurance|9,500|||9,205| |Manse Council Tax|3,600|||3,600| |Grounds, Cleaning Matl's & Laundry||750||738| ||||25,850
24,012|| |Other Local Costs||||| |Church Office & Telephone Costs|1,100|||997| |Printing & Postage|1,500|||1,320| |Organ & Music||100||79| |Miscellaneous Expenses|1,500|||1,314| |||||4,200
3,710| |Total Ordinary General Expenditure||||**94,292**
**85,796**| |||||| |**GENERAL FUND SURPLUS / (DEFICIT) FOR THE**|**YEAR**|||**-16,792**
**-11,285**| |**FABRIC FUND**||||| |**INCOME**(Investments)|1,100|||1,043| |**EXPENDITURE**||||18,715| |Maintenance|1,100|||| |Projects|25,000|||| |||||**-25,000**
**-17,672**| |**FABRIC FUND SURPLUS / (DEFICIT) FOR YEAR**||||| Page 15