ST COLUMBA'S CHURCH OF SCOTLAND Pont Street, London, SWIX OBD ANNUAL REPORT 2023 LUIIICI Registered Charity Number 236173 Congregation number 472427 ## **ST COLUMBA’S CHURCH OF SCOTLAND** ## **REPORT OF THE TRUSTEES for the year to 31 December 2023** ## **THE CHARITY** The name of the charity is Trust Property and Funds held in connection with St Columba’s Church and Congregation and its address is Pont Street, London, SW1X 0BD. The number of the charity is 236173. The charity is commonly known as St Columba’s Church of Scotland. ## **TRUSTEES AND THEIR RESPONSIBILITIES** The charity trustees are the Kirk Session of St Columba’s (the Elders). The custodian trustee is a body incorporated on 5 December 1995 called The Trustees of St Columba’s Church of Scotland, London (Ref. CD (Ldn) 236173/20646). In all its responsibilities it acts with the consent of the Kirk Session. In addition to holding the Church building and its halls, rooms and offices, the custodian trustee holds other properties (at 31 December 2023 two manses and a tennis ground). Details of these assets are shown on the Balance Sheet and note 6 of the Accounts. The Rev C Angus MacLeod MA BD was Minister throughout the year. The Rev William McLaren MA BD was Associate Minister throughout the year.. A list of the names of the Minister and the Elders who constituted the Kirk Session at any time in the year ended 31 December 2023 and at the date of this report is appended. The names of those acting as members of the incorporated body are marked thereon with an asterisk. The Session Clerk is Mrs Charlotte Bradford to whom day to day management of the charity is delegated (in consultation with the Finance Convener and others as appropriate). The Kirk Session is responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Kirk Session to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements the Kirk Session is required to: - Select suitable accounting policies and then apply them consistently. - Observe the methods and principles in the Charities SORP. - Make judgements and estimates that are reasonable and prudent. - State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Kirk Session is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable it to ensure that the financial statements comply with the Charities Act 2011, the Regulations for Congregational Finance of the General Assembly of the Church of Scotland and the provisions of the Trust Deed. It is also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Kirk Session is responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the 2 preparation and dissemination of financial statements may differ from legislation in other jurisdictions. ## **OTHER RELEVANT ORGANISATIONS** **Banker** - The Royal Bank of Scotland, 36 St Andrew Square, Edinburgh, EH2 2YB **Solicitor** - Withers LLP, 20 Old Bailey, London, EC4M 7AN **Auditor** - Sayer Vincent LLP, Invicta House, 110 Golden Lane, London, EC1Y 0TG ## **STRUCTURE, GOVERNANCE and MANAGEMENT** The charity is constituted as a Trust. The document governing the charity is a Trust Deed dated 20 July 1910. New trustees, chosen from the congregation, are appointed from time to time to fill vacancies, by invitation from the Kirk Session. No individual or other body has power to appoint new trustees. New trustees attend induction seminars and work closely with existing trustees. Trustees are given literature issued by the Charity Commission setting out their responsibilities. Conferences for trustees are held periodically. An Away Day is held periodically for all trustees. The general management and administration of the charity are vested in the Kirk Session. Much day-to-day work of the Kirk Session is carried out by Committees (whose members are appointed by the Kirk Session) as follows: _the Finance Committee, the Fabric Committee, the Benevolence Committee, the Hospitality Committee, the Assembly and Presbytery Committee, the Fellowship Committee, the Mission Committee, the Nurture Committee, the Worship and Communication Committee, the Youth Committee, the Napier Committee and the Staff Committee._ These Committees report regularly to the Kirk Session. While minor operational decisions may be taken at a committee level, any significant decisions are referred to the Kirk Session, in accordance with the responsibilities of the trustees. The Kirk Session meets six times a year and at such other times as it may determine. All key management personnel are volunteer trustees, so no remuneration or benefits were provided to them in relation to their role as trustees. ## **RISK ASSESSMENT** The charity trustees – the Kirk Session – consider that the Church buildings are adequately insured against structural damage. The income of the Church arises from the range of sources mentioned below. The Kirk Session encourages members of the congregation regularly to review the level of their giving. In the early autumn of 2023 we offered the congregation opportunity to consider ideas, responsibilities and priorities for the next five years as part of an informal stewardship season. The Kirk Session has appropriate arrangements in place for the preparation of financial statements, the keeping of proper accounts and records, the safeguarding of assets and the detection of fraud. The Kirk Session recognises its responsibilities to both Church members and visitors in matters of health, safety and security and so regularly reviews its procedures and takes professional advice where required. ## **RELATED PARTY TRANSACTIONS (See Note 15 to the Financial Statements)** 3 The charity trustees – the Kirk Session - confirm that to the best of their knowledge and belief there were no financial transactions undertaken by the Church in the year ended 31 December 2023 in which the charity trustees or any person/company connected with them had, directly or indirectly, a material interest apart from the following: Ms F Gardner and Mr Gary Wallis (trustees) were in receipt of £4,783 and £72 (2022: £2,585 and £nil) as relief Administrators. Mr PW Bradford (son of a trustee) was in receipt of £99(2022: £41) as a relief caretaker. ## **RESTRICTIONS IMPOSED BY THE TRUST DEED** The trustees hold the Church building for the purpose of public worship according to the doctrine, worship, discipline and government of the Church of Scotland. The trustees can only dispose of it on condition that the proceeds are used for the acquisition or erection of a new church. ## **KEY OBJECTIVES OF THE CHARITY** St Columba’s is part of the Church of Scotland, the National Church in Scotland, recognised by the State but independent in spiritual matters. The Church of Scotland is Trinitarian in doctrine, Reformed in tradition and Presbyterian in polity. It exists to glorify God, to work for the advancement of Christ’s Kingdom throughout the world and to provide the ordinances of religion to the people of Scotland through parish ministry. By extension, it does the same for Scots and any of other nationalities who are attracted to a Presbyterian style and form of worship in England, Europe and further afield. St Columba’s is bound by the objectives of the Church of Scotland and governed by its laws. It is subject to the jurisdiction of the Presbytery of England and the Channel Islands and to the supreme court of the Church, the General Assembly. Subject to that, the Kirk Session is responsible for all matters relating to St Columba’s, both spiritual and temporal. All matters of substance are reported to the congregation, which is required to receive its Annual Accounts. The key objectives of St Columba’s can best be summarised by quoting in full its Mission Statement. ## **MISSION STATEMENT** ## **In the name of Jesus Christ, we, as a congregation of the Church of Scotland, aim to** _Witness to the power of God the Father, of Jesus Christ His Son_ _and of the Holy Spirit in our lives;_ _Maintain strong public worship in the Presbyterian style;_ _Learn more of God and grow in faith and love;_ _Serve God and His Church, each other and those in need both near and far;_ _Provide a friendly and hospitable welcome to all;_ _Offer Christian fellowship both at St Columba’s and by going out as a community of caring people._ ## **We invite you to join us in this mission.** 4 DELIVERY OF PUBLIC BENEFIT The Kirk Session confimis that it has referred to the Charity Commission's general guidan on public benefit when reviewing the charity's aims and objectives and when planning future activities. The Kirk Session believes that the Christian values upon which it bases its work are of significant benefit to the whol8 of society. While some of the activities which it carries out specifically benefit St Columba's congregation, St Columba's Church is an ou￿ard-loOkIng organisation, concerned with seeking to transform society for the b8tter. So the Kirk Session works hard lo ensure that the benefits which it aims to provide are not èxclusive to Christians or to Sl Columba's congregation. ACHIEVEMENT OF KEY OBJECTIVES In order to achieve its key objectives, St Columba's holds services every Sunday, special services at Christmas and at Easter, weekly Holy Communion and monthly baptisms. There are meetings, talks and discussions on aspects of the faith and matters affecting the daily lives of Christlans as well as social events, including weekly Scottish Country Dancing and Tennis. Much pastoral car8 is provided by the Ministerial team and Elders, with contact maintained through correspondence and telephone calls with more isolated members. This is coordinated by an Elder in conjunction with the Minist8r and the Office Manager. A key objeclive is to maintain a level of contact especially with those who have not fully returned to in-person worship. A review ofother key objectives is planned and in the early autumn of 2023 trustees and congregation met lo consider ideas, responsibililies and priorities for the nexl five years. st Columba's has a close connection with several charity partners, in particular Scotscare, which provides emotional, financial and practical support to Scots and their families in Greater London with a wide range of s8rvices from financial support, advocaw, counselling, lo sheltered housing. training and job coaching and more. and Borderline, the only charity specifically set up to help homeless Scots in London. On 1st April 2023. a merger between Scotscare and Borderline was completed. Homelessness is now a core service provided by Scotscare, alongside their existing range of services. We also support RESTART. a small, London-based charity whose objective is to help homeless men and women to br8ak the ¢yGle of homelessness, mov8 from the streets, confront th8 Issues obstructing their futurès and return to independent living.. and GlassDoor, which partners with churches and community centres to give shelter and support lo homeless peop18 in London. In addition. we run a Lenten appeal each year for a small charity nominated by m&mbers of the congregation or Trustees, supporting a UK-based and an overseas charity in alternate years. An Annual Slated Meeling is held in the first half of each year at which the congregation receives the audited accounts together with an update on significant issues for the church and on Ihe care of our buildings. Apart from the Ministerial team and our staff (a full-time administrator and a full-tiTTTe Garelaker, supported by three relief caretakers. plus a Director of Music. assistant organist and accountant) all of the work of Sl Columba's is carried out by Elders and members of th6 congregation on an unpaid basis. Pay levels of staff are reviewed annually and compared with the market. On 22 September 2023 Ihe offi￿ Manager left for a new job closer to home. The new Office Manager, a full-time appointment recruited through Covent Garden Recruitment Ltd, started on 9. Odober 2023. The number on the roll on 31 December 2023 was 708 (2022. 739). Total income in 2023 amounted to £902.820 (2022.. £934,185). Total expenditure in 2022 amounted to £675,884 (2022'.£732,164P) giving a surplus of£226,956 (2022: £202,021} before investment gains. Net assets of all funds at 31 December 2023 totalled £8,877,505- an increase of £539.707 from Ihe balance at 31 December 2022. The Church's investments are invested in the Church of Scotland Investors Tnjst. All investments acquired have been acquired in accordan￿ with the powers available to the trustees. The investment portfolio is designed lo produce a satisfactory yield and the prospect of growth in value over the medium-temi and long-term period. In 2005 the trustees decided to set up a 50th Anniversary Appeal Fund for ex￿ptIonal maintenance expenditure on the chur¢h building in future years. The Fund amounted to £41,991 at 31 December 2023. with no change in funds during the year. The Congregational Funds {ex¢luding tangib18 fixed assets) amounted to £2,752.319 at 31 December 2023. Funds held as reserves are required lo meel any unforeseen reductions in income or unplanned expenditure. The Trustees consider that reserves of at least hvi¢e annual expenditure are sufficient to cover an unforeseen reduction in income or unplanned expenditure. The Kirk Session considers that there are no material un￿rtaintIeS about the charity's ability to continue as a going cOn￿rn. Each year a budget is prepared and presented to the Kirk Session for their review, dis¢ussion and approval. The value of the Church building shown on the Balance Sheet is its cost in 1955. It is insured for £ 31,363.174 (including tha organs) on the basis of a total loss. FACILITIES The facilities of the Church building, its halls and offices, as well as its manses, are. in the opinion of the Trustees, adequate for the purpose of its work in the foreseeable future. By order of th8 Trustees Charlotle E Bradford A Trustee & Session Clerk Date.. Stslur* 2024 ## **ST COLUMBA’S CHURCH OF SCOTLAND** ## **KIRK SESSION** The Minister: The Rev C Angus MacLeod MA BD The Associate Minister: The Rev William McLaren MA BD Elders at 31 December 2023: |Ms WendyBetts(from 14 May2023)|Miss Helen Miller| |---|---| |Prof Rona Mackie Black|Dr Peter Mills| |* Mrs Charlotte Bradford(Session Clerk)|Mr Robert Mills| |Mrs Alison Buchanan(died 14 April 2023)|Dr Sarah Mills| |* Mr Roderick Buchanan|Mrs Daphne Moore| |Mr Gordon Cameron|LadyNatzler| |Mr Roderick Cameron(from 14 May2023)|Ms Sheila Nicoll| |Mrs Isobel Carter(from 14 May2023)|* Mr David Nicolson| |Mrs Patricia Clarke|Mrs Katherine Payne| |Mr Graham Cumming|Mr Hugh Pym| |Ms Karen Cunningham|Mrs Susan Pym| |Ms Nadia Dallsingh(from 14 May2023)|Mrs Catharine Robertson| |Miss Naomi Donaldson|Mr John Russell| |Mrs Heather Farwell|Mr Andrew Smith(from 14 May2023)| |Mrs Hazel Forbes|Dr Gillian Smith| |* Miss Elizabeth Fox|Mrs Rosa Somerville| |Mr Martin Funnell|Mrs Jill Steele| |Ms Fiona Gardner|Mr Stuart Steele| |Mrs Lilias Gillies|Mrs Jean Stevenson| |Mr William Glasson|* Mr Michael Stevenson| |Mr Benjamin Gourlay|Mrs Catriona Sutherland-Hawes (resigned April
2023)| |* Mr James Henderson (resigned
November 2023)|Dr Judith Taylor| |Mr Donald Johnston|Mr Alan Thackrey (from 14 May2023)| |Dr Ruth Kattumuri(from 14 May2023)|Mrs Pamela Thackrey (from 14 May2023)| |Dr David Kerr|Mr GaryWallis| |Mrs Fiona Lang|Dr Joanne Wallis| |Dr Neil MacDonald(from 14 May2023)|Miss BetsyWilkie| |Mr Colin Mackinnon(from 14 May2023)|Mrs Anne Wilson| |Mrs Catherine Macnish|| |Lady Macpherson (resigned September
2023)|| |Mrs Elizabeth Maliphant|| |Mrs Catherine McDonald|| * Members of the incorporated body of Custodian Trustees 7 ## **KIRK SESSION COMMITTEE CONVENERS 2023** _Finance Committee –_ Roderick Buchanan _Fabric Committee_ – Elizabeth Fox _J. Murray Napier Committee -_ Michael Stevenson _Benevolence Committee –_ Betsy Wilkie _Hospitality Management Committee_ – Benjamin Gourlay _Fellowship Committee_ – Rosa Somerville _Assembly and Presbytery Committee_ – Gillian Smith _Nurture Committee –_ Role vacant: acting convener Michael Stevenson _Worship and Communication Committee –_ Hugh Pym _Mission Committee_ – Naomi Donaldson _Youth Committee_ – Gary Wallis _Staff Committee_ – Charlotte Bradford ## **KIRK SESSION APPOINTMENTS** _Sunday School Superintendent_ – Fiona Gardner _Crèche Supervisor –_ Role currently vacant _Safeguarding Co-ordinator – Sheena Clark (Presbytery Safeguarding CoOrdinator) (to date)_ _Data Protection Co-ordinator_ – Susan Pym _Tea Together_ - Chairman: Hazel Forbes Secretary: Role vacant _Christian Aid_ – Naomi Donaldson _Presbytery of England and the Channel Islands –_ _Presbytery Elder:_ Charlotte Bradford _Others (appointed by Presbytery)_ : Elizabeth Fox, Peter Mills, David Nicolson, Susan Pym, Michael Stevenson, Rona Black 8 Independent auditor’s report to the trustees of the Trust Property and Funds Held in Connection with St Columba’s Church and Congregation ## Opinion We have audited the financial statements of the Trust Property and Funds Held in Connection with St Columba’s Church and Congregation (the ‘charity’) for the year ended 31 December 2023 which comprise the statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: - Give a true and fair view of the state of the charity’s affairs as at 31 December 2023 and of its incoming resources and application of resources, for the year then ended - Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice - Have been prepared in accordance with the requirements of the Charities Act 2011 and of the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended) ## Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Trust Property and Funds Held in Connection with St Columba’s Church and Congregation’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 9 ## Other Information The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. ## Matters on which we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 and the Charities Accounts (Scotland) Regulations 2006 (as amended) require us to report to you if, in our opinion: - The information given in the trustees’ annual report is inconsistent in any material respect with the financial statements; - Sufficient and proper accounting records have not been kept; or - The financial statements are not in agreement with the accounting records and returns; or - We have not received all the information and explanations we require for our audit ## Responsibilities of trustees As explained more fully in the statement of trustees’ responsibilities set out in the trustees’ annual report, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. ## Auditor’s responsibilities for the audit of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with regulations made under that Act. 10 Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below. ## Capability of the audit in detecting irregularities In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following: We enquired of management, and the finance committee, which included obtaining and reviewing supporting documentation, concerning the charity’s policies and procedures relating to: - Identifying, evaluating, and complying with laws and regulations and whether they were aware of any instances of non-compliance; - Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected, or alleged fraud; - The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations. - We inspected the minutes of meetings of those charged with governance. - We obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on those laws and regulations that had a material effect on the financial statements or that had a fundamental effect on the operations of the charity from our professional and sector experience. - We communicated applicable laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audit. - We reviewed any reports made to regulators. - We reviewed the financial statement disclosures and tested these to supporting documentation to assess compliance with applicable laws and regulations. - We performed analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud. - In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or 11 non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities _._ This description forms part of our auditor’s report. ## Use of our report This report is made solely to the charity's trustees as a body, in accordance with section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005, section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed. ## Joanna Pittman ## 21 August 2024 Sayer Vincent LLP, Statutory Auditor 110 Golden Lane, LONDON, EC1Y 0TG Sayer Vincent LLP is eligible to act as auditor in terms of section 1212 of the Companies Act 2006 12 ST. COLWWs% CHURCH OF SCOTLAPID STAIEMENTLF F1114NCblLAciivmE8 FOR THEYEAR ENDEO 31 DECEMBER2123 23 Totsi Unrestrkted Re51ricted Total FundB* 2Q2J Fu￿¥ 2022 2n,394 3Bg,277 792gS 48,500 12,815 286.2 389.27T 1W,834 46.50 292.948 376.918 58.030 115.222 10.577 YJ3.5 376.918 13B.520 115.222 Us* ¢1 wam InYe51rngntk 101.539 9).4 Total In¢om• 76846B 114.354 OD2.820 843.IIB 91,057 934.1 Ex￿nd￿Ur•￿. 175MOB 175,885 238,S2B IOM1 175.30 189.875 238.528 10,571 61.582 247.970 180.404 210.875 7,775 247.970 211 375 218.875 7.775 Pr9mtsèA 13,950 JO,971 Otrer(wis Gr4￿5 tnade p8bJ ovfjr 61.582 48.189 48.169 Total E¥PUnd￿r• 8W)292 75.572 675,864 3,024 79,140 732.164 Ngt In¢orn•1oxp•Trd5kn•?bolor• 1BB.174 38,782 226,95S 190.094 11.927 202.021 Npl98lrs Ib98BsI ￿ Irt40gbnBn 312.751 ).5771 1401.241 1691.8181 N•t 326,959 212,74B 539,707 11W.4831 1389.3141 {48&7971 TF4n•forv 2,000 214,746 2.0001 2.0 Nèt m0￿M*nI In I￿nd￿ 324.9S9 $39,707 1102.4È31 1387,3141 1489.7971 R•c¢N)Cbli*ti¢%l of funth: Ttstal lunda Ttstsi carri￿ 4.844.176 S.169.135 3.493,622 3.708.3YO 8.337,798 &8n 505 4,946,659 3,890.936 4K44,176 3 493.6Z2 8.827.595 8.337.798 t RealriGted Fun03 intlLthth8 Enth)ffteni FUM on there Y•$ no movementkn 20> or ￿. At 91 tlmes¢oveT¢d bythl¥ repDrt had a bdance of £321,717 repr68enting fixad t&￿Ible QBBet5 of £314.742 and cHsh of £6.9T5. 13 sT.￿LIN￿* CHURCH OF SCOTLAI O*LAWCE8HEET AT 31 DECEIIBER2123 2012 Unr•8¢rfoi•d Rest￿tted Fun¢ts Funds * T•tsl Tothl 2022 Fund¥ t T¥ng*Jkn 80$ 2.417.SS7 314.742 2.286.920 3}L￿.fj94 4.704.487 3.521.436 2.732.309 6.493.614 8225,923 2.401.751 314,742 1.7Y.849 3.026,024 4.136.eOO 3.340,T6U 2.718.493 4.760.873 7.477.366 U￿￿NT A8SET¥ 28.45D 145,447 145.447 ofsrdjllrd Irr¥ 287.381 265 287.646 Trusl C48h atl)8￿Land kn h￿j 296￿13 .778 214.8B3 $37,846 19).051 1gJ.318 404,934 728.162 335,057 787. 152.591 152.856 487.84B 920.741 (bJe￿ihln one>par 10 73,19) ,309 6D.309 464,648 1&,934 651.$82 707.S76 152.886 860.432 NET ASSETS S.1￿.135 3.T08J70 &877.6C 4.844,176 3.493.622 6.337.798 321.717 1.717 3.386,653 3.386.653 5.1S9.135 6,877.505 321,717 1171,905 321,777 3.171.905 4.844,176 8,337,798 R93kn¢1•d 1nt1xne￿￿ 12 17 5.169,1JS ,169.135 3.708.370 4.W.176 4.844.176 3.493.622 t RÈsirlcieO Fund5 incTLth tha En￿￿m￿ni FL￿d no mtsvw￿ In2￿220T ￿. At￿l￿m£S co¥br£d bytrdi r¢wt had B b￿￿￿¢￿£8?￿.717 rewea￿ti￿fv8￿t8Wth0sÉÈts cifJ14,742 Hnd csthofe&975. rwd bythe Kkk So551cffi and sill￿￿ tyl 0$ une 2024 une 2024 14 ST. COLUMBAS CHURCH OFSCOTLAND STATEIIEpifoF CASH FLOVIS FOR THE YEAR TO 31 DECEMBER 2 2023 2022 14817971 n#t incom# to r*t c& ati￿ thatU8S CkvwJBnd6 and inle￿91 re￿ting101￿ve￿tl￿U Cwea8ellln(¥easel in debtys Irmll6e In cre 4.420 1180.8341 118.997 18.271 3.1 1138.5201 199.8251 41.148 207,314 498.561 1697.1111 180.634 1312.7511 I419.￿) 20.236 138.520 691.818 IGaiTEI Dn invEstynen Y.414 572.143 826,924 ¢h•ry• In¢•slJ Anllt¢•sh •qthlgnti ￿th•￿1 173.5621 129,8t3 CA8h atth cath •wlval•nig al l January Cmh and eAth •wlvalgtiig At31 Dr￿•m￿•T 775.294 701.712 487,648 287 646 SIKrt ierrn 296.m 701.712 15 8T. COLLI￿% CHU￿￿oF ¥cOTL￿ts NOTES YO THE FIK4NCIAL STATEMEIITO FOR1￿yEAR ENDED 31 OE¢EMBER2 1 XCOLIIrnG POU¢IES The fdkMiThll polci05 h8v• boen In do￿1n9 wthttom6 wld•rod matsrtal tolhp Chwcws fvN*hY¥lsi•i8rnonlÈ. PeD5kn ¢ontriWw¥ Thpchyrih contrfbutestothepersonal peTr5￿￿ xheme50Ftert•in employees and operat￿ awwkpiJce peDsKJn $theM¢ usiwth¢ Natlonal EmployrefitWw5 Twsi INEST). .Gr•ntsmad¥ Gtants mad@arechargedtotherelevaThtfvnd Inth¥yèatkn whlchthRv )￿appr￿ed, comrnvnkatedtQTecIWeTrts4nd pald. FuThds Unre51rittedfvnd5maybÈ usedforthe oblectsofthethvrthwithout restrttlon. Residrted funds 3re tDbe used ¥wthin thE fE5trctiOhS down bythe donor. Permanenienoowrnent [￿nds$re hÈldasuwtsi Viith no wwer to spend the futM15.atthllugh inmrnefromthem rnaybe Spent￿thD￿l re5triEtian. Y¥r￿b￿l￿X+0as$Qts Allassetsarelorthari¢abkvse. FfeeholdPrqperty Ih theTtuStees'opinhlTr replaCeff￿nI and Ma￿ty11￿e5•flIfjo¥￿j buitdlnylchurch.rna￿C${nd tenni$¢lublexLvd b(￿kValue.S0nO depredation h¥5 been yvwded. The Fabricctrnmittee re8ularfy revlevJthp 3SSètstD Ènsurè no rnaterlaldlmlnutlon of value. Freehold prwrty Iscarrledatorl8ln3lc05L Are5ervo tund, thè Ramsay Fabrlc Fund,Is used to makefinonu•l pr¢v1Ion lorf￿l￿e repairsor repk1Ctn*nts. Slwffic•nt repalrs afid rene¥Als3rele. For ￿la¢le5. eThtlllcmÈnt i%takertasthe eartlerotthe dateon which efther.. Iheth?rity ￿aWarEthat probate has bEen Bramed, the ￿￿te has beEnfinalW and notlficatlon has been made, rwhÈn a dlstributlon ￿r￿e1ved from the E5tatE. Re(Èipt Df a lew, In whole or In part. ￿ only(x>n5idEfEd wob3￿*￿henthe amounrun beffleasured reliably4ndthethartty has bem notified ofihe oxewtors intÈntion tr makea distribution. Wherc Ir8acieshave been Dotffied tothÈ charity.orihethanty i5aw4reofthe8¢antin8of probate, and the crlteria for inrome retO8nition ha¥e not been met. then the leEOry 151fEated 654 ¢ontin8erst assetand d55d05ed if Llablmes l rnaterfal unD* ID¥dcesaTh1conthctual 0bll¥afjonsat￿Ten￿are ccwed for inthESEattount& rinandallnstsuThthts The Ch￿rCh has ba5i13nd Th￿n-ba￿(￿na￿1ia1aS5ets andfiThJnthl li3￿1ftle#. Baslcflnènclal Instrufflents are In￿altyreCOIn1Sed it transèctlon Klueand5ubsequentlyrneasured* thÈlrSètt￿MèTht alue. Non.basicfinaDaal In5twmEnts are measured atfaIr￿lUeWfth any8alnorknts8oin8toth•stAt*m4ntoflIr￿ThCial a￿t*s. ￿11 tbjl$ 3re Eiven inthE investments notelnore 71 and InJn¢hl ill5tThmÈnts note Inotelll. Ihvertmem Income Investment incomeand rEHligedand unreallsed ￿hn$ and1055e5are IlcKalodtothe pooled funds Icon8re8aUonal, Napier. Ramsay Fabrfc and 7 minorfundsl in proportlon to iheli v¥lutat i iantsary. Th• Ilu¢ation Is adjus￿&for$Ig￿4rIr￿Dt eiception41 inflows¢f furth, e& fromleKJde5. 16 ST. COLUMBA'S CHINiCH QF ￿0TLAND IW TO TIIEHIW4¢14L STATEIIEIITS FOR THE YEAR ENOED JI DECEIIBER2023 2 WCOME Note• VMestrJcted AeJtrlct•d 70ts1 Fubbts Fund* 2Q23 UnNtricied Restrietwd FUNIS FU￿( T¢lJl 2022 Denoilons •nd fe•sl*KWh918X ￿¢0Ve￿I Orw Jote OnliDV Oonaticrf P1amed￿n9 ColbclknsfordhDTS Other donalknns WethlD9andith?rser¥*•lee J.H. Ah￿r￿ 6wJe51' Other ￿(x)me 37.628 37.628 27.210 8.474 15e.4B9 27.210 8,474 15S.489 10,577 3.347 5,946 6.432 25.0$0 303 150.985 150.96S 12.815 60.6 7.￿7 12H15 10.577 60,656 ,347 5.946 6.4 .050 7,039 2,919 2.919 286 12 15 10577 'H•ldbi lh• O*j￿fft¢ffS1 C¢lun￿ Uwpfpmrnl 387,928 571 780 387.926 871 376.487 431 37&487 Qrggn up• M8n8e Ronwi 389.2n 376 918 378 918 71,149 91.823 162.972 57.397 633 58.030 79,641 137,038 Inlgresl 13&S20 E Niownhu M Port(in8on D Lang C Fr•&mBn E Stthvxt FTa AEBoyd S Hamngton MEN￿ RS fvbtrt)I James AlwThlèr NLthcl8ty7 97.010 97.010 24,￿0 24.CO) 13.367 11367 10,1))O 10.CO) 4.545 4.545 2W 115.222 115.222 Total Inc 78S,4e6 114.351 )1820 843.118 91.067 934.185 ' There was a ¢onfyftGenleYs￿ es 8131 D6¢eff￿￿2022r8lal1dlO o18P8L¥off£Z4.OTrJ. whKh w8s ccrfrffts08ndr8¢•V8dlnJ8mr8ry2023. 17 8T. ￿Lu￿BA's CHURCH OF KOTLAND NOTESTO THE FWCiILSTAIEUFNTS FOR TME YEAR 04DeD 31 DECEMIIIR2023 J EXPENDrruRE UTrreyirfcled ReJtricl8d FLmd5 F￿ndS Totul 2W22 2023 I￿try IAlnknte5 and Mlsslcr QtherduBsand ministyewBnsos 162.815 9.754 2.739 162,815 9,7S4 2,739 175,308 240,703 240.703 5.e98 1,56 247,970 247.970 Pf*mls ChuFr* utlhlee ChuK* m8kntsnar Cwi MinL%te¢s Fulh•m m8 69.726 24.042 37.881 17,842 422D 2P23 4,105 68,487 23. 68.487 40.866 34.305 30,627 16,981 37A81 4,LM2 4,030 18M27 3,244 2,284 3.1 28.272 180.404 13.8C 4,105 30.036 175.885 3.100 28,272 211,375 IrwJr8n( 13,990 1￿075 3D.971 mlniwayon 1e7.615 167015. 154.552 16.￿? 5.477 18.681 184,552 T6.￿2 5.477 18.681 olhgrem￿￿YTr0Tht Djsts orhÈrmu41ccos¢B 5,7S7 19.J75 7.788 10.620 4.22D 238.52 5,757 19,375 7,738 10,020 Comouror 11,640 2,811 216,875 11,640 su￿ry&￿PEnI•B 216,875 3,016 o.a70 3,018 6,870 6&5 10.571 4,075 4,075 M8gaan& k61dlaAd Lif• And Work 550 7,775 S90 7.775 10,571 ¢h*vitsbhgrAnlsfM:- -JM NaplÈ¢ Fund - ￿l&￿ttir￿ lor oth•ns - Bbn8vrl£nt Fund -A￿Xand￿r Rose klerThirf* FuThJ - StC(lumba% Hrw F￿0 37,142 12,815 3.447 37.142 12,815 3.447 29.to) 70.577 29,500 10,$77 5.479 949 45.1 61.582 61.$82 48,16 TotsE•xprtdNuh) 653.024 79.140 732.164 Al c&igregalkns¢wirbi u¢eto ofTha C￿reh ofsothand th¢h Wro th•(￿l01￿nIster5.stlp6rf$and wnthng, NOt￿n£1 InSWa￿e¢onth￿ubVN￿.thts Hots￿￿ & Lr￿ 8natl* and R•rAvAlV￿ Dflh8 (￿U￿. stipe￿¥ are cordance kn a stiwd Sealè rdated byears ¢1 $wvK%. Total govern￿e ￿J5t6 h 2023M￿£lO.44D12U22£S.12O)re1Stin9 tO8uthtfèÈÈ Thp 10181 lo *istitutiOn8 ￿ 2023*B8£49.9S712022 £40.177} p*d t01nd￿￿JaI5￿￿s£11.643I2O22£7.￿I. 4 INCOME FRQM CHARITABLE ￿lm Certain ollbe thwthY$ •thW. nol thdwtakon ￿ rydN•fflonoy. rwproduco for1￿¢th￿. Incorno 511 S COLLECTIONS FOR OTHERS colleG￿￿t*￿t￿m￿1e lorothers end pwd cweta8foltso'. 2023 1022 Lentsn sppe81'. Tr¢ Iwe Taylrf TN81120#.. cspB Ase0c￿On'> Feslival of Silence 7.170 1,397 97$ Svnd¥y Sch￿1 DecembBrT Pwpy ScodMd Scots Carè Glas8 Dmr El￿$ DIM QurL IRoyalSe<*ushl 751 475 215 1( HPA￿t apre41 Frierd5 oISICdLth*a'$ Clw)Ir FurKI 1Q.57T ' ThB fSPB AssiKthn'& ￿ abbro4lAkn olA6Kclakn ¢￿￿￿[￿110Th￿ k$Bnts￿￿que Buth1￿ Fas 18 8T. CQLUMBA'S CHVRCH OF SCOTLAND I•XES TOIHE F*4ANC14LSTATEIIENTS FOR THEYEAR ENOED JI OE¢EIIBER2023 O TAN￿BLE FVXED ASSET3 Free1￿ld Equlpmnt Totsl BaLince &11 Janu8ryW23 d￿r0 the wr nce atJ1 Decernbei2023 2.705.787 39.309 20138 17,S49 2,762.645 20.236 2 712 881 2 705.787 Accumuw thpr•¢knl l j9[￿￿ry20Z3 Ch&ig&for year 310o¢en*)or2023 12.284 1,7 14.039 46.152 4.42 50.572 Nèl brd vduo At 31 D￿rnber2022 Nbl bcd y￿u0 at 31 D￿rnber2023 2.7￿.787 2.7￿.787 &441 21012 2.716.493 2.732.309 3.510 M￿ketY￿UÈQfl￿ PKWksara corddorgdlo t•ln •xc499 ofthfr COSL No lorrnd ¥a￿ja￿ hBB t￿On wopÈ￿es ate Iwred fL* totalllro rncts thAn £35rn. Tho tfoehjld IhB Churc* bjihliry. tsDrngnG•S (FUhama￿ CM50a)and rm l¢nri5 cbJblAdonl Th• •wiwenl IThrA￿e6f￿r a nowSOL*yJ &yslwTr. a Tvand a 7h•pla￿S QDPWdn6 ￿anD Iheupngmdw ￿aryJ. 7 ￿VESTME1￿rs Pr￿lfid Funts AJ•xand•r St Colum￿4 Rom Fund H¥w• Fffi To¢al 2023 Total 2022 market￿U￿#t 31 Dacomb¢r2Q22 Ilknns Gain Ib8$l¢n tevalthvm to m¥W vayo marke1v￿u￿￿I 31 c*¢Ember2023 4,413.172 419,WO ?IS.493 4,7eO.873 419,9 312 751 5 493 614 5AS2,691 296.761 5 749.452 5.126.389 333,79T 33,428 IrF*Ht4d In.. Peolod F¥rO4 A￿7￿1d*r R•Bè F￿nd SIC￿￿MbA'B H¢uÈ* FuDd 2023 Unlts Unl Un116 ch￿￿h ofscotland I￿￿TrUSt Fund Units almA￿V￿U0 Irwmo Fund Unmgat mark4t va 709.926 3.018,K 172.327 2 1Ob.789 5 128 38g 2B,182 15,466 1e4.301 169.498 333.797 33.428 33.428 713 5.493 514 2.28S.920 2 839 469 5.126.389 2.286.92 Restmied Fwd$ 333.797 33.428 SA93.614 Hl•tovl¢al ¢o•t Gr0￿h Fvnd Unrt5 * cost Incw8 FU￿ Unmsal c(¥t 480.259 172,327 2.02B.8 28.18Z 15.46$ 91.873 1E4.XIB 256.181 2,120,678 27.572 27.572 4 0S3.285 CEBTORS•d PREPAYMENTS 211 19,779 136214 9.233 145.447 PrwaymETts Unr•¥trict•d R•s¢rict•d PundB Fundv Tol Unresirf¢tèd Rostrktgd Fund6 F¥nds Ttstal 2022 g CASH at BANK and in I1￿1D Permanent endowrnent Po(W cash Bene¥(4￿l FU￿ Icaoh not ID Alexgnder Rose Fund St CcAumD8'& Housv FLnd 6.975 116.179 20.344 41.707 2.846 190.051 6.975 333.062 20.344 41.707 6.975 87.208 18.756 8.975 422,2e6 18,75fj 3S,866 2.785 487.648 214.883 335,058 2.785 152.590 214.883 404.934 335.058 10 CREofTQRS and pRo￿s1oNs 2023 Chur¢h puwey ur¢h o￿aniSa1 In(x7me recaved In ￿¥111￿• s2.(￿8 14,936 8.194 7&198 11.833 2.138 19 ST. COLLNBA'S CHURCH OFSCOTLAND NOTESTOTHE FIN￿l¢lAL STATEMENT8 FOR THE YEARENDED 31 DECEMBERX23 11 A14111¢1AL IIISTIW¥EIIT8 FlnDnclal4sWs mMwrndall•lrv*Je throuth Investr￿nts ' ¥23 5.493,014 4,760,873 12 CHUft¢H FUNDS FwyeQren￿d 31 DBcathr2923 Pa￿tr at & Experms 7r•r*fer6 31 D¥ernbor l IrnpAxne 4.844.178 321,717 138,785 700,171 IfyJO.2921 (WO) S,189.135 321.717 bk• J NIvrrayNsp￿[ Fund Benevoloni Fund AJ&xand8r RvpA kl#tntThl Fwd Sl Columb35 How FU￿1 2.376.201 113.4S5 S51.321 34.995 76.5WJ 3.B7J 11.528 1.550 134.&51 6.401 18. 137.1421 (3.4471 i&e881 2.549,70D 122367 374A6S 3e375 815 11815 12,815 2875.972 727 r r8strlctqd Fth FufK Sco15 in GtB&t Wèr Lth￿n Apwl Fu￿j &rNJ8cand M*ln Fu kl8rtin Fund Wlllivrn R Rwts￿ Fuid I74.￿2 5.970 41.991 8.4 1.126 5.628 9,￿0 113.9901 176.Q 5.970 41.991 9,243 1,226 69A06 303.926 ZT4 479 29S,933 8237.79B 180.634 312 7S1 721988 6.677.S Baknce at Invests￿eNt 1 January veBknwl L055e5 P8ymernts BalarKg al & Eynseg Transfers 31 [￿cern￿r ParybArwdÈd 31 December2022 Gpnpral ¢ongYeDatlonel Endowneffl Fund 4,945.659 321.717 58,02 12W.5771 785,096 I￿3,023} 12.0001 4.B44.17fj 321.717 aritable reslrf¢ted*und J MuN8y Nap￿r Fund B¢nevdÈnt Fund nder Rose Mefflonal Fund St C¢lumba's HovBe Fund C(l￿¢l￿)nS for Olh8r8 2,fj45.911 124.263 394.802 40.49T 59.916 2.￿8 9.729 1.302 13CNI.0261 114.0901 147,7301 15,8551 129,6001 (1,564) 15,4801 IM91 10,S77 2.37Q.2D1 2,000 351.321 10.577 10,577 3.ZOS.473 73.793 2.OCQ 2,875.972 Oth*r r•$irftted fund5 f¢amsay F¥brie Fund Scots in Greol War London 50th knrNvFrsaryl)pozl Fund SlrAlec ar￿ Ladyma￿n Fund SlrAlec Mor¥Th F￿d Willam R R Wiknn Fund 215,090 5,970 51,993 9,338 1,238 70,117 353,746 4.871 {24.390} I20,9￿) 174.602 5,B70 41.991 8.491 110.DD21 11.059} .$88 63.754 295.933 8.827.595 138,620 .6918181 795.efjs EndowmeTht Funds endowrneDtfvnd ￿pr￿nt￿the perm3nent endowTnWtto the tharityaltheChurchbulldlnB4¢ Ptyl¢ StrgeL ThEJ M￿rr￿¥ Nèpkr Fund 15a re51r1cted charitablefund, whlth rnJke5 8r$nts Urtd1rthÈtÈrn￿ ola