Appendix 1 – Perth Common Good Fund – Financial Statement for the period to 29 February 2024 for Financial Year 2023/24
Perth and Kinross Council · 29 April 2024
Back to Perth Common Good Fund Committee — 29 April 2024 and its agenda
Text extracted from the council's PDF. Layout and reading order may differ from the original.
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Appendix 1 PERTH COMMON GOOD FUND FINANCIAL STATEMENT FOR PERIOD TO 29 FEBRUARY 2024 FOR FINANCIAL YEAR 2023/24 2023/24 Budget Actual to date Committed Projected Outturn Projection Over/(Under) Spend £ £ £ £ £ Expenditure Property Costs Rent & Rates 1,300 328 - 1,300 - Repairs and Maintenance - General 13,000 - - 3,000 (10,000) Depreciation & Impairment 3,400 - - 3,400 - 17,700 328 - 7,700 (10,000) Supplies and Services Financial Assistance - St John's Kirk Carillon 2,000 2,000 - 2,000 - Financial Assistance - Perth & Strathearn Round Table 20,000 18,292 - 18,292 (1,708) Financial Assistance - Small Grants 75,000 30,972 20,115 51,087 (23,913) Financial Assistance - Capital Grants 50,000 2,500 40,893 43,393 (6,607) Financial Assistance - Cost of Living 69,500 28,700 10,520 39,220 (30,280) Administration Charges 15,000 15,000 - 15,000 - Legal Fees 2,000 - - 2,000 - Printing, Stationery, Advertising and Postages 500 - - 500 - 234,000 97,464 71,528 171,492 (62,508) Christmas Events Rent, Rates & other property costs (storage for Christmas lights) 15,000 12,747 - 15,000 - Erect, Dismantle and Maintain Christmas Lights 20,000 14,652 1,063 15,715 (4,285) Switch on Ceremony 40,000 40,000 - 40,000 - 75,000 67,399 1,063 70,715 (4,285) Total Expenditure 326,700 165,191 72,591 249,907 (76,793) Income Rents, Fees & Charges 250,000 263,830 - 258,000 8,000 Interest on Investments 60,000 56,793 - 65,265 5,265 Fishing Permits 900 780 - 900 - Total Income 310,900 321,403 - 324,165 13,265 Surplus / (Deficit) (15,800) 156,212 (72,591) 74,258 90,058 Opening Balance 01/04/23 1,945,348 1,945,348 Surplus / (Deficit) (15,800) 74,258 Projected Common Good Fund Balance at 31 March 2024 1,929,548 2,019,606 Earmarked in Reserves:- Minimum Revenue Account Balance (1,500,000) (1,500,000) Repair and Renewal Reserve (120,000) (120,000) Projected Uncommitted Closing Balance at 31 March 2024 309,548 399,606
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Appendix 1 PERTH COMMON GOOD FUND FINANCIAL STATEMENT FOR PERIOD TO 29 FEBRUARY 2024 FOR FINANCIAL YEAR 2023/24 Grants Actual Small Grants Capital Grants Meeting World Challenge Trip to Ecuador 250.00£ 22/05/2023 Friends of Letham Primary Parent Council 680.00£ 22/05/2023 Perth Minorities Association - Mela Festival 19,040.00£ 22/05/2023 Perth Fundraisers of Inspire Dance Studios 450.00£ 22/05/2023 Perth Strathearn Round Table - Perth Fireworks Display 2023 18,292.00£ 18/09/2023 Polish Scouting Association (a) Junior Leaders 579.00£ 18/09/2023 SSAFA Armed Forces Charity Training 1,100.00£ 18/09/2023 Polish Scouting Association (b) Stonoga Scout Rally 1,000.00£ 18/09/2023 Perth Bridge Club 2,500.00£ 22/05/2023 Polish Scouting Association (c) Butterfly & Insect World 588.00£ 18/09/2023 Wednesday Tea Dance Christmas Party 2023 450.00£ 27/11/2023 Cost of Living - YMCA Tayside 13,700.00£ 20/12/2023 Cost of Living - Letham4All 15,000.00£ 29/01/2024 Perth Flower Club 300.00£ 29/01/2024 Adventure Circus - The Legend of Kinnoull Hill Dragon 4,900.00£ 18/09/2023 St John's Kirk Carillon 2,000.00£ 29/01/2024 Perth Chinese Association 1,635.00£ 29/01/2024 £ 79,964.00 £ 2,500.00 Committed Small Grants Capital Grants Meeting Cost of Living - VitalityMe CIC 10,520.00£ 22/05/2023 Black Watch Regimental Trust 4,550.00£ 22/05/2023 Perth Working Men's Garden Association 2,850.00£ 22/05/2023 Perform in Perth Festival 2024 6,000.00£ 18/09/2023 Polish Scouting Association (a) Junior Leaders 500.00£ 18/09/2023 Adventure Circus - The Legend of Kinnoull Hill Dragon 3,500.00£ 18/09/2023 Kinnoull Parish Church - Phoenix Youth Project - Digital Literacy 250.00£ 18/09/2023 Craigie & Moncreiffe Parish Church - Air Thrill Trip 120.00£ 18/09/2023 Friends of St John's Kirk - Kirk Spire 2,930.00£ 18/09/2023 PKAVS - Walled Garden 17,000.00£ 18/09/2023 YMCA Tayside 5,000.00£ 18/09/2023 Kinnoull Parish Church - Phoenix Youth Project - Pool Table 552.45£ 18/09/2023 Craigie & Moncreiffe Parish Church - Youth Project 684.01£ 18/09/2023 Holiday @ Home 2,000.00£ 27/11/2023 Moncrieffe Primay Parent Council - Trim Trail and Gazebo 11,877£ 27/11/2023 Perth Chinese Association 605.00£ 29/01/2024 Perth Festival of the Arts 1,990.00£ 29/01/2024 ESOL 600.00£ 29/01/2024 £ 30,635.00 £ 40,893.46 Total £ 110,599.00 £ 43,393.46 Funding Approved - No longer required Small Grants Capital Grants Meeting Perth Highland Games - Stage 3,560£ 27/11/2023 Polish Scouting Association (c) Butterfly & Insect World 79.50£ 18/09/2023 Perth Minorities Association - Mela Festival 960.00£ 22/05/2023 Perth Strathearn Round Table - Perth Fireworks Display 2023 3,708.00£ 18/09/2023 4,747.50£ 3,560.00£