The Church of Scotland Stow:St Mary of Wedale and Heriot Parish Church Scotli5h Charity No: (SC (M)0228) L ongrL'g7atiun no.. 040283
Trustees, Report 2nd JI Accounts for the Year to 31 December 2024 Administrative Inforni*tio Chari Slow.. Si ma of Wedale and Htriot Pari Lhurch 5 M&nor Park Slow TDI 2RD I'nkstees Kirk %s1On'. Indedenl FJaminer. Bartk of kotlaDd Channel StreeL Gal&8hiels
Structure. Governance and Management Governing Document The ¢hwch Opee5 under a Unithry Constiwtion as by the congrewion in 2017. Recruitment and App)intment of TnleeS Member5 of ihe Kirk Session are the charkty ¢nj The Kirk Session members ar¢ th¢ ¢ld¢rs of the church and are chosen from those memTrm of the ccffirnion who are considered io have gifts and skills appn)priaie to this callin& organisallon Structure Tr Kirk Session is chaired by the minisknlintrrim mLthrtr. ti meets yix times IA tht year and is responsible for both 5pirirual and mp)ral matters wiihin th¢ Chub. "ITh¢ Prom. Committee is a su committec of the Session athj monit(KS and advises on fabric matters. Objeciiyes aDd Adivilie5 The Church of Scotland is Trinitsrian in doctrine. R¢form¢d in trlition artd Presb>1erian in politi. li exiMs io glorify. God and to work ftt the ad%ancernenT of Jesus Christ's word throughout the %orld. As a national Church. li acknoM.ledges a dI1n¢t1ve call and duty. EO bring th¢ ordinance5 of reli81011 to the people in every. parish of Scotland through a ierritorial ministrj.. It ctroper4 with other Churches in vario8 ecumenical bLdies in Scoiiand and beyond. The linkage wilh Caddonfooi continued and is regardul &5 a suc¢es& thoUgh the ideniical service times means thar Cad&)nfooi and HeTiIM have fewer )ninisler-l¢d' services: essentially aliernaiing w¢¢kly between Herith and Slow. Achievements and Perforniance 2024 w&s another challen8ing year. As part of the new presbJ1er)' of Lothian and Bord¢T5 our chlwch "as futther from the cenwe of things and our Se55ion Mas Still awai¢ing nelbs ry advice from presbjtery. obout the fijwre of its No buildin8& as was our linked ¢ODgre8811 in Caddonfrym. As swied in PTevious year& the inlention has been io take part in a major review of all three churches lo ideniify and agree way5 of worship and u5¢5 of buildings. The outcome of this review is still awaiied. Only minor rerAir WO were carried oui in 2024: blrt at the erKI of the year the Quinquennial repon on fabric was received wthich also conthined a list of areas which required 8tt¢ntion. Our kirk Sessi put & loi of effort inio ristng to the many challcn¢e5 facin8 our church and in tsndem with our inierim modeNor. continued io th on r¢swNhsibilities beyond thekr remit. Session noied the coniribuiion ol a5 locum throu)1 th¢ J'ear. sh¢ ¢arried out her Msks with enthusiasm and I'.11[, were 4{1. apwecl4d. Conneciions with Luw'athla chi.r= ' and Session agreed thai (he Christmas Collection would be eaTmaTked for Luatala" organist ai HerioL buili on a previous }ear'5 Vislt to Luwatala in the 5ryin8 and I IQ Lemeni the link beeen eongregalion5. Further work on this linking hls continued through th¢ y¢ttr aThl fimds weni w help with sorn¢ Tebuildin¥ of the chlwch at Luw4taia.
Financial Review This year's accounts have drdWTr under the Office ofthe Scottish Charity Regulator's IOSCR) 8uidelines, The main &8pe¢is of the accounts for 2024 are.. General Fund ofT¢rings up 6Dlo lio £10,997). which follows a decre of150/• in 2023 Tax reclaimed on Gift Aid of £3.230 DonatiS ioldlling £2,fj62 were received during the year £1.180 was paid for funerals and weddings Rcgular FundraL5ing rdi5ed £570 Hires of church buildings raised £775 An effurt was mHde 10 clear ihe oui.8tanding M & MIGivin8 10 Grow arrears: the sum of £6.000 wa% paid in addition 10 the ¢¢)s1% &%¥o¢iaied with havin8 a locum Ise¢ below) Locum costs of £8.917 were full>. paid in the year Givin& 10 Grow cosis of £10,505 wer¢ still due ai the year end K¢duc¢d ¢ost of organ supply. pulpit supply. tel¢phone and ¢ravel helping to offset loss of income strearns. cui in council i&x during vacancy (from I. MAY Thty Ci¢neral Fund hud ¥ dLfiLI( l(Ir thL year of £1,041 Stow church - cleaning of the ¥uti¢rs and rhone5 was Caled oul bt o ¢osi of £1,180 £8.51 ? drnwn down from our Lonsolid21ed Fabric fithd to pay insuran¢e. Continued hi8h cosi of insurance £5.997 £ 100 wa4 TrI1¢¢td Bnd irAnslcrr¢d io l.uwAtslA Reserve Policy Thc HoArd r¢vicwi lis rer¥e8 from time to time. Its current policy i5 thmi unreslricled reserves sho11 b¢ suificient io cover one N'ear's ordinary income plus foreseeablc Lummiimen15. Our Reserve F'und sir4nd$ low levcl 01. £4,254 and cach year li is noied thai considcrniSon has lo be given as 10 how t*si ihis can be increased back io the afore50id lewel which is equivalent to £30,IM)0 - £3S.0(X). Ilnlortunately there h&8 been no initiativ¢ to this. and li is most likcly ihat the small reserves that the chur¢h has will be called on to ossist with what appear5 10 k a Lhall¥ngins year in 2025. SialLmLnt of i"ru.stces Rc%ponsibilili¢s Thi membl'rs (Ifih¢ Kirk Sessi()n &rtd Ci)ngre¥ational Board musl Prere financial $t¢M¢nL% which givl yuificient detail to ¢nable an appreciation ofthe transuciions of ihc C hur¢h during IhL' linancial
'ear. The menibcTh i)f ihe Kirk Session and Longregational Bthird are respun5iblL fur kLcpl pri)per COLllllinbT f¢Lord% which. on reques1. must Tefle¢i the financial p05iiion ofihc Churrh &t thal iimL. Thi8 musi be done In en%uTe that the financial 5taiements compl J with ihc Ch&riliLS and Triisiee Invesimeni (Scoilandl Acl ?IM)S. the L'harilie5 ALLi>U1115 l%¢uilaiidl R¢¥ulaliiTrn.5 2(IOh and the Regulaiiijns Anenl C'un¥reii0nthl finanLe appro¥¢d by thc lTrcneral Ai8emhly of thc Chur¢h of Sroiland in ?007. They also responsiblL fnr saf¢Buarding Ihe &85eis of the Church And musi take r¢dsunable sieps for ihe preveniion and d¢i¢Ltion of Iraud und oiheT regularities. Apiircibiil hN IIIL Tnikli'L'% iiiid %i¥ned on their txhalf, D&tt 6, Aprll 2015
Stow:St Mary of WedAle ¥dnd Heriot P¥rish Chureh SCO 00228 Independent F.xamlner'J Report to the Trustee8 of stow.til Mary of Wedle Heriot Parijh Churth I rewrt on the accounts of the charity for the year ended 31° D¢c¢mber 2024 which are sei out on the accompanying pages. Respective responyibllities of truylees and exAminer 'lThe Lhdrity's truslees are reswjnsible for the prepardtion of ihe accounts in accordance with th¢ lernis of the Chariiies and Trustce In%'eslrnent (Scoiland ) Aci 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity IrLLCe8 consider that the audit requiremenLs of Regulation 10 ( I ) (d) of th¢ Aclounls Regulations does nol appl. li is m), r¢stM)nsibililN' lo examine the accounts a4 required under section 44 (1) Ic ) of the Act and to slale whether particular malters ha come to my attention. Balis of Independent exAmintr's JtAtement M>. examination is carried oul in accordance with Regulalion I l of the Charili¢s Accounts (Scotland) Regulations 2(X)6. An examination includes a review ofthe accounting reiords kepi by. Ihe charity and a comparison of the accoun1.5 presented with thos¢ rccords. It also includes considerniion of anv unusual items or disclosures in ihe accounts. and seeks explanations from the InL4'lees co¢rning any such matters. The proLeduTes undertaken do not pn)vide all thc ci'idencc that would b¢ required in an audit. and Lons¢quL'ntly I do nol cxptess an audil opinion on the leW given b). the accounis. dependent eimlner'J 814¢tment In die LOL&r of my cxaminalion. no matter has come to rny attention which gil'es me re&wnable caLLS¢ lo believe thal in any malerial resp1 the requirements: to keep accounting record5 in aL'cordance Vliih Scction 4411) la) of ihe 2005 Act and Re¥ulalion 4 of the 2006 Account5 regulalions. and lo prepare accounts V*hich accord with the accountin8 records and compl) with Regulation 9 of the 24M)6 Accounts Regulaiions have not be¢n mel. or 2 10 which. in my opinion. attention should be drawTr in order lo enable a proper UndeTstsndIn of the accounts to rcach¢d. D411¢ () ' Api"I121i&)
Stow and Heriot Parish Church Statement of Balances At 31 December 2024 Funds Fund• 2024 Funds 2024 Tol•l 2024 Total 2023 2024 8ank & Do o•lt Balancg Bank & deposit balances blfv¥d 9453 1938 nla 11391 Transfers Mov•m•nt In y••r: Exce8s of Receipts 0r Paym% for the ye -1639 -199 nla -1838 1445 Bank & dewsit balances Corr fOard 7814 1739 nla 9553 11391 Inveslmgn (cost £ 7,663) atm rkot valu 5284 2953 nla 8237 7279 A880ts Gift Aid Recefvable 1170 1170 818 Llabllltl•8 M & M payments 10505 10505 15124 The accounts Vre apwoved by the lfj'fk Sessv)n and FinarKkql 80ord on 21st March 2025 l. Iir (ind Iin hL'hLIII' ()1 IhL' Kirk SLs%i()n ai)d I. inaniial Ilard
Stow & Heriot Parisb Church Not totb A l. Trustee Remuneratlon •nd R•l•t•d P•rty Tr•n•actlons During the year no reimbuTSement of travel expenses was Pa to any trustee ouDtJ No trustee or a person related lo a trustee had any personal Inte81 in any conlract Of transaction entered into by the charity during the year. 2. Mov•rn•nt• In Fund• At1J•n 2024 IAt31 D•c 2024 R•c•lpt• Paym•nts Trnn•f•rn Unr••trlct•d fund• General Fund~ Fabnc Fund Roserv• Fund. Sunday School SusFense alc." 4756 4161 20484 19579 21525 20153 3715 3587 455 455 24 41702 9452 40C63 7813 RMtrlcl•d lund• Organ F4Jnd Listed Building Furld 1818 135 305 1819 135 1953 305 1754 Endowm•nl fund• nla Total lund• 11405 40169 42007 9567 ' Note ReseNe Fund includes £4.254 Investments lal costl £5.284 market value ' Note Organ Fund includes £3,001 Investments lat costl £2,953 maTkel value Fabn¢ Fund The Tru$tee$ have set asth funds for Ihe maintenonce of the Church property Reserve Fund.. The Trustees will appty these funds to meet the ¢hurch'$ mapr needs Sunday School Fund. The Trusteos IMII use these funds for Sunday S(wl purFQSeS Suspen88 c'. This account is onty used to temwarity hold rnOn prK)r to rfrallcKth"on to other funds f Re8tn' Fun Organ Fund." This fvnd 11 be applied to maintain the organs in Stow and Henot churches Listed 8uikling Furbd..This fund wll be used ft)r major repair5 to Slcw and Her churches,which are listed buildings
Unmtrlctsd Ra8trlct•d Endowmont Fund8 Fund8 Fund• 2024 2024 2024 Total 2024 Totsl 2023 3. An•ty81• of Donatlon8 WFO Scheme (non Gift Aid} Gift Aid Donabons Direct Debil Donations Tax Recovered on Gift Aid Donations Ordinary Offerings (Open Platel Donation$ - Weddings & Funerals Other Offerings, Donations elc 5589 2800 3230 5589 28¢)0 3230 5190 2862 3315 2608 1180 2712 18119 2608 1180 2712 18119 2272 730 2546 16915 4. Anaty•l• ol (Xh•r Incomo Regular Fund Raising Events Dividends Interest from DeFositslCurrent Acc Transfer from General TrusteeslCFF Grants Hire of Premises VAT reclaim Other 570• 570 1034 387 387 318 150 1c6 8512. 10300 7754 530 870 21944 8512 10300 775 530 870 22050 1125 582 3209 5 Anaty81s of Payments Co•ts of gon0rTh9 fvnd¥ Investmènt Managers, fees Sunday School Act¢vities Offering envelopes 142 142 6. Charltabl• •ctlvlil•8 Ministries & Mission allocats.on Presbytery dues Ministerf5 expenses Pulpit suppty Locum's salary Travel Fabri¢ repairs & maintenance Council Tax Heat and light Insurance 6000 • 6000 9000 435 435 247 2143 8917 8917 120 989 5610 703 586 1108 2641 5705 3984 989 4170 5997. 14156 4170 5997 14156 Other building costs Printing. Ststionery and wstage Refund from previous year Other expenses -1469 348 537 881 41678 41321 31139
- Mlnl•t•e• Sllpend ASI Church of Scotland congregatKins ccmknbute to Ihe Nat1 SbF¢nd Fund t•thich bears the o)sts of the ministèrs, stipènds and èmployers, insurnnce contributions. pension and housing and ban lund payments. MinLsters a pa in acranCe with the natM)nal stipend scale. is related to years of Se. For the year ur¥Jer revyw, the minimum sb'pty* was £31,642 and the maximum stspend Wds £38,884 2024 2023
- Coll•ctlon• for Th1 Partl•• Galashiels fc bank Disaster Ernergan Fund {Ukraine) Luwatslalzomba 130 350 480 160 9 Gov•rn*nc• coryts Independent examinerfs fees Othèr pym•nts Purchase of assets Purchase of investments nla nla nla la nl8 nla
Ac¢ounts for Y•ar onded 31st Docgmbef 2024 Receipts and Payments Account Unre8trlctsd Funds IttrIcted Funds TOTAL TOTAL 2024 2023 RECEIPTS General Fabr SusFense Reserve Sunday S¢h¢)ol Organ Listed Buildin Total Offerings IFWO, Ordinary & GiftdI Tax reVered DonalKJns Fund raising events Bank interest Invesbnent inwme Rental of premises Other income Transfer from Consoklated Fabric Fund Grants Receipts from General Trustees Totsl RK•lpts 13559 3230 1180- 570 135S9 3760 1330. 570 13559 3760 1383 570 12019 3T22 823 1034 530 150 53 53 387 387 775 870 8512 10300 170 170 557 775 870 775 870 1125 2469 9535 8512 10000,. 8512 10300 300 20484 19579 40083 170 53 223 4028e 31213 PAYMENTS Costs of generatwig funds Chantae a¢twit3 Govemance costs Other payments Totsl P•ymfrnts 21525 20153 24 41702 305 305 421)07 29753 21525 20153 24 41702 305 305 42007 29753 Exce•• of Rocelpts over Payments -1041 -574 -24 -1639 -135 53 -82 -1721 1460 10
Accounts for the Year End•d 31st Decgmb•r 2024 GENERAL FUND GENERAL FUND 2023 2024 2023 2024 It4COME Offorlng• 5190 FWO IGtft Donations) 2862 Direct Debrt Donations 3140 Tax recover8d on Gfft Aid Donttts'ons 1704 Other t)onation8 I2 OrtJin8ry offenngs lon platel EXPENDITURE Natlonal Mlnlytry and Mlsslon & Wlder Work 9000 Conth"bubon to M & M Fund 5610 Locum's salary 24 Presbylery Due8 5589 2800 3230 2562 6000 8917 14857 15352 Local St•ffln9 Co•ts 1241 Mini81&fs Ir8velling cosis 109 Minislerfs telephone c081s 793 Lc<umllnlenm Moderatorfs tra1 costs O Pulpit supply O Organ supply 15159 18789 Oth•r Orfllnry G•n•r•l Incom• 1034 Regulor fvnd r8ising •vents 1125 Hire of Premisès 720 Weddings & Funer818 O Grants & other 1 C8ddonlool. share of expon$gs 120 570 775 1180 300 2143 Prop•rty Cts 586 Equipment. repairs & mainlonance 2641 Heating & lighting Council lax 989 4170 Tol•l Ordln•ry G•nernl Inc¢)m• 20484 20539 EXPENDITURE Tolal Ordlnary G•ner•l Exwndltur• 4335 5159 20394 21525 Oth•r Loc•1 Co•t• O Printing. Stsbonery & pholocopyiThJ -1469 Galashiè18 Fellowship of Churches - refund 58 Wre8ths O Newsletters 387 Website & zts)m Other 145 {DEFICITVSURPLUS .1041 Tfr Irom Itol Fabrbc Fund 243 8811 Gonoral Fund B•lanc• at 1st Janury 4756 -941 20394 348 21526 4766 GENERAL FUND BALANCE at 31st OECEMBER 3716
A¢¢ounts for tho Year End•d 31st Dec•mb&r 2024 us 88lance al 1 st January Movement in year lanct at 31st D•c•rnb&r Fabrl Fund 4161 530 150 8512 387 -24 VAT refund Donations. Tlr from CFF Interest from Deposit & Current accounts ExFendrture - Slow church vestry Expenditu - Slow church rhones Exnditre . Slow ¢lc¢k (nell ExFenditure - Insurance 8•lanc• at 318t Docomb•r Balance al 1 st January Interest from Deposrt & cuffenl 8ethinls Expenditurè al*n¢o •131•t Doc•mber 4818 -3180 .380 4619 3687 INVESTMENTS lat ¢osti chh of Scotland Investors Tru81 . Growth Fund ReseNe Fund 459 2228 Balanee al 181 Janu8ry Income from Collections & t)onalion8 Disburwnenls 8•l•n¢• at 31st OK•mber 210 197 Church of Scotland Investors Trusl - Ircome Fund Reserve Fund 197 units 2026 Organ Fund 287 un 247 7255 B Ildln Balance at 181 January Don8tson B•l•nc• •t 31st t)ec•mb•r 8HORT TERM DEPOSITS Church of Scotland Investor8 TNSt. Depowl Fund Organ Fund 999 135 135 Bank Current Accounts Genoral Fund Fabric Fund Organ Fund Other Ch8rrtl88 Fund Suspense AccnI Listed 8uilding Fund Totsl 3715 3587 619 247 Balonce at 1st January Tfr B•l•nc• •¢ 31st D•cembèr 4254 4254 359 9368 12
STOW ST.MARY OF WEDALE & HERIOT PARISH CHURCH NOTES ON ACCOUNTING PRACTICES FOR THE YEAR ENDING 31st Decembor 2024 1 The Accounts have been prepared on a cash basis. 2 Basis of Accounting lor Fabric Purposes All fabric expenses are mel by the Fabric fund 3 Heritable Properties Heritsble Properties are not included in the A¢unts. These CUrntlY are'_ 1 Si. Mary of Wedale Church. Stow 2 Heriol Church 3 Stow Manse GENERAL FUND BUDGET Actual 2024 Budget 2025 INCOME Offerin 8389 Gift Aid Donations 3230 Tax on Covenants & Gift Aid Donations 2608 Ordinary Offenngs (Open Platel 3742 Other Offerings, DonalK>ns elc 8400 3200 2400 3000 17000 17969 Other Ordina General Income 570 Regular Fund Raising Events 300 Grants 775 Hire of Premises LQ Share of expenses - Caddonfoot 900 600 900 2400 19400 Signed Fraser M Simm (Church Treasurer Date 6th April 2025 2515 Total Ordlnary General Incomo Funds held on behalf of the Congregation by the General Trustees Capital Account Credil Balance al 1 sl January lal costl L05s on sale of units Transfer lo Fabric Fund Ilnsuraneel Roof repairs Credit 8alance al 31 st December lal costl Market Value at 31st Decernber1979 @10 961 EXPENDITURE Local Minist 14917 Ministry Iinc locvml Ilocum £8.9171 666 Travelling Expenses Q Pulpit Supply 11893 -1028 -5332 -3180 2353 2.150 13139 700 15583 13839 Mission and Wider Work 435 Piesbytery Dues 435 250 Rpvenue Account Income Dividend received on Capital Account Intere51 received on General Account Gain on sale of units Local Con O Organ Supply O Telephone, Printing, Stsbonery 4170 Healing & Lighting O Council Tax l Rates 989 Maintenance 348 Other Expenses ational Pur oses 352 150 3800 398 600 450 5000 19089 enditure Administration costs & adjustment Excess Expenditure Balance at 1st January Balance at 31st Decembor 5507 68 330 623 953 21525 Total Ordin•ry General Expenditurg -1041 SURPLUS (DEFICIT 311