August/September 2013

posted 1 Aug 2013, 05:23 by St. Thomas' Church Aboyne   [ updated 1 Aug 2013, 05:24 ]

At end June, the finances at St Thomas are looking reasonably good, although expected costs for repairs and new windows in the Rectory have not yet appeared. It is hoped the work will be done over the summer.

Significant items in the last quarter include the success in selling our four War Stocks. This involved long phone calls and form filling – they were so old, very little paperwork existed, and one was registered to a non-existent address in Huntly, although we received all the dividends!

The biggest cost of the quarter was for our quinquennial report which details the state of the fabric of the church and provides a plan for its on- going maintenance. New rules required a new format for the report, which is now comprehensive, and we thank Gerry Robb for his work on this. It is available from Warren if anyone wants to study it.  

Our new investment account showed a slight fall at the end of the 3rd quarter due to pressures in the international economic situation, but since end June, has recovered – it was expected that this would go up and down, but we are confident that over the year, it will show far better results by monitoring it weekly, and making changes to investments to take advantage of funds performing well.

Detailed reports on the operating account and investment account are available.

Sue Burgess