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+8 *Treasurer’s Matters*
+
+Following our last meeting we confirmed by correspondence that minute
+7 of that meeting should be understood as giving approval for the
+clerk and treasurer to present the annual report and accounts to Area
+Meeting on 6th May. This was done, and Area Meeting authorised the
+clerk to sign them. Area Meeting also noted our proposal that
+consultation on the right use of the legacy from Sue Freshwater should
+take place alongside a budget process for 2026 and beyond.
+
+We agree that our clerk and treasurer, consulting with MHMC, SESAM
+clerks and David Sterratt (in relation to the 7VT affordability study)
+should draw up a draft budget for the next three years which we can
+consider in September for presentation to AM in November, bearing in
+mind the following principles:
+
+• The budget should be presented for AM approval before year end,
+  thereby meeting our commitment to consult on the legacy
+
+• It will be short and understandable to those attending SESAM
+
+• It might group some headings to keep it simple
+
+• It shouild give AM chance to steer priorities, within a realistic
+  framework
+
+• It should distinguish if possible between routine spending and
+  investment in upgrading our buildings
+
+• It should cover 2026 plus two further years to make a three year
+  overall 3 SESAM Trustees April 2025 horizon, to take account of the
+  legacy (timing of some spend will depend on architects and builders,
+  in practice)
+
+• Investments should aim to enable the two meeting houses to cover
+  their costs by 2029, once Quaker use of the buildings (at prevailing
+  rates) is taken into account.
+
+• We should engage with Friends across SESAM on plans as they develop,
+  and with General Meeting for Scotland, given the need to balance
+  investment in buildings with other Quaker activities and that 7VT is
+  an asset for all Quakers in the area and across Scotland.