Appendix 2 - Perth Common Good Fund - Financial Statement for the Period to 31 December 2024 for Financial Year 2024/25
Perth and Kinross Council · 3 February 2025
Back to Perth Common Good Fund Committee — 3 February 2025 and its agenda
Text extracted from the council's PDF. Layout and reading order may differ from the original.
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Appendix 2 PERTH COMMON GOOD FUND FINANCIAL STATEMENT FOR FINANCIAL YEAR 2024/25 AS AT 31 DECEMBER 2024 2024/25 Budget Actual to date Committed and Under Consideration Projected Outturn Projection Over/(Under) Spend £ £ £ £ £ Expenditure Property Costs Rent & Rates 1,300 1,035 - 1,323 23 Repairs and Maintenance - General 15,000 (220) - 3,000 (12,000) Repairs and Maintenance - Moncreiffe Island 62,000 3,123 33,363 36,487 (25,513) Depreciation & Impairment 3,400 - - - (3,400) 81,700 3,938 33,363 40,810 (40,890) Supplies and Services Financial Assistance - St Johns Kirk Carillon 2,000 - 2,000 2,000 - Financial Assistance - Perth & Strathearn Round Table 20,000 20,204 - 20,204 204 Financial Assistance - Small Grants 75,000 44,317 35,107 79,424 4,424 Financial Assistance - Capital Grants 50,000 22,604 18,580 41,184 (8,816) Financial Assistance - Cost of Living 30,280 7,013 - 7,013 (23,267) Administration Charges 15,000 15,000 - 15,000 - Legal Fees - 87 - 87 87 Printing, Stationery, Advertising and Postages 500 - - 413 (87) 192,780 109,226 55,687 165,325 (27,455) Christmas Events Rent, Rates & other property costs (storage for Christmas lights) 15,000 9,449 5,760 15,209 209 Erect, Dismantle and Maintain Christmas Lights 20,000 4,844 18,314 26,000 6,000 Switch on Ceremony 50,000 - - - (50,000) 85,000 14,293 24,074 41,209 (43,791) Total Expenditure 359,480 127,457 113,124 247,344 (112,136) Income Rents, Fees & Charges 255,000 212,014 - 260,000 5,000 Interest on Investments 60,000 - - 78,000 18,000 Fishing Permits 900 525 - 900 - Total Income 315,900 212,539 - 338,900 23,000 Surplus / (Deficit) (43,580) 85,082 (113,124) 91,556 135,136 Opening Balance 01/04/24 2,054,181 2,054,181 Surplus / (Deficit) (43,580) 91,556 Projected Common Good Fund Balance at 31 March 2025 2,010,601 2,145,737 Earmarked in Reserves:- Minimum Revenue Account Balance (1,700,000) (1,700,000) Repair and Renewal Reserve (120,000) (120,000) Projected Uncommitted Closing Balance at 31 March 2025 190,601 325,737
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Appendix 2 PERTH COMMON GOOD FUND FINANCIAL STATEMENT FOR FINANCIAL YEAR 2024/25 AS AT 31 DECEMBER 2024 Grants Small Grants Capital Grants Meeting Paid Polish Scouting Experience - Marine Adventure £1,000 29/04/2024 Roverway International 2024 £300 29/04/2024 Sri Lankan Community in Perth & Kinross £2,080 29/04/2024 St John's Football Club £1,680 29/04/2024 King James VI Golf Club - Flooding £5,769 15/05/2024 Perth & Strathearn 200 Round Table £20,204 29/04/2024 Children Alone Seeking Asylum (CASA) £500 26/08/2024 Cost of Living -Health & Wellbeing Café £1,560 26/08/2024 Perth & Kinross Mela Association £15,800 29/04/2024 Cost of Living - Ad-Lib Arts - Hardship Fund £1,800 26/08/2024 Cost of Living -Perth Minorities Association (PMA) £6,848 26/08/2024 PKC Events Team - City of Perth Salute 2024 £17,500 29/04/2024 Our Lady's Primary School Parent Council £1,459 26/08/2024 Polish Scouting Association - Summer Camp £1,000 29/04/2024 Chansons Chamber choir £900 29/04/2024 Polish Scouting Association - 64th DH Girl Scouts - World Jamboree £500 29/04/2024 Polish Scouting Association - 44th Boy Scouts - World Jamboree £500 29/04/2024 Friends of Letham Primary Parent Council £1,808 26/08/2024 Neuro Central £320 26/08/2024 Cost of Living - Inch View Primary - Panto Trip £2,825 25/11/2024 Wednesday Tea Dance Club - Christmas Party 2024 £350 25/11/2024 Servite Housing Tenants Group £300 25/11/2024 Cost of Living - Giraffe £4,500 25/11/2024 5th Perth Rainbows and Brownies - Hi Vis Vests £155 25/11/2024 Kinnoull Tennis Club £15,000 25/11/2024 Total Paid 82,055£ 22,604£ Committed Our Lady's PS Parent Council £1,000 29/04/2024 Early Years Scotland £2,006 29/04/2024 Perth Choral Society £1,000 29/04/2024 Chansons Chamber choir £700 29/04/2024 St John's Football Club £740 29/04/2024 Fair City AFC £3,840 29/04/2024 Adventure Circus - Dragonfyre £5,000 26/08/2024 Friends of Letham Primary Parent Council £547 26/08/2024 Peform in Perth Festival 2025 £6,230 26/08/2024 Perth Indian Association (POI) £2,000 26/08/2024 Perth Outdoor Playgroup (POP)/Tayside Owls £618 26/08/2024 St John's Kirk - Spire Repairs £10,000 26/08/2024 Buttons & Bows Baby Bank £4,000 25/11/2024 St John's Kirk Carillon £2,000 25/11/2024 Inch View Primary - P7 Residential £1,000 25/11/2024 Bertha Park High Parent Angle £1,534 25/11/2024 Total Committed 23,635£ 18,580£ Under Consideration Perth Festival of Arts £2,281 03/02/2025 Perth Chinese Association £4,655 03/02/2025 Hearts & Minds £1,536 03/02/2025 Scottish Brass Band Association £5,000 03/02/2025 Total Under Consideration 13,472£ -£ Total £ 119,161 £ 41,184 Funding Approved - No longer required Small Grants Capital Grants Meeting Cost of Living - VitalityMe CIC £10,520 22/03/2023