The Church of Scotland
Dunbar Parish Church
Financial Statements for the year ended 31 December 2024
Congregation No: 030199 Charity No: SC 000455
Dunbar Parish Church
Trustees’ Annual Report
For the year ended 31 December 2024
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Principal Address
The Manse 10 Bayswell Rd Dunbar EH421AB
Bankers
Bank of Scotland Court Street, Haddington
Independent Examiner
Belhaven Accounting 9 Springfield West Barns EH42 1UE
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Dunbar Parish Church
Trustees’ Annual Report
For the year ended 31 December 2024
The Trustees present the Annual Report and Financial Statements for Dunbar Parish Church for the year ended 31[st] December 2024. The Financial Statements have been prepared in accordance with the accounting policies set out in the notes to the Financial Statements and comply with the General Assembly Regulations for Congregational Finance, the Charities and Trustee Investment (Scotland) Act 2005, the Charities’ Accounts (Scotland) Regulations 2006 (as amended) and Accounting and Reporting by Charities’ Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16[th] July 2014.
Objectives and Activities
The Church of Scotland is Trinitarian in doctrine, Reformed in tradition and Presbyterian in policy. It exists to glorify God and to work for the advancement of Christ’s Kingdom throughout the world. As a national Church, it acknowledges a distinctive call and duty to bring the ordinances of religion to the people in every parish of Scotland through a territorial ministry. It co-operates with other Churches in various ecumenical bodies in Scotland and beyond.
Dunbar Parish Church welcomes all who wish to know Christ and to advance his Kingdom. In addition to normal Sunday worship the Church has a Junior Church, Worship Group, Guild, Community Food Share, Coffee Plus, and a Parent/Carer and Toddler group as well as various links within the community. It also has established Home Groups, Prayer Group and a Bible Book Club where members meet for Bible study, prayer and fellowship.
Dunbar Parish Church has maintained its Mission partnership with a Christian community in Kibungo, Rwanda, and raised £3,015 for specific projects this year.
In addition to well-equipped halls, we have excellent useable space within the church itself. We have 4 rooms, 6 toilets and a well-equipped kitchen and tea preparation area. An internal ramp within the sanctuary allows access to the communion table and apse area and there is lift access to the upper floors.
Achievements and Performance
Rev Gordon Stevenson entered his fourteenth year as minister with Dunbar Parish Church.
Thanks are due to the Property Team for their work during 2024, to the team of volunteers who have acted as stewards each week and to our cleaner, , for diligently carrying out the task of sanitising the building in addition to her normal duties.
The church has 263 members on the Communion roll and 25 adherents. The average number of members attending Sunday worship on-line during the year was 40 per week and the average attending in person was 70.
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Dunbar Parish Church
Trustees’ Annual Report
For the year ended 31 December 2024
No new members were admitted during 2024 and there was 3 baptisms. Communion services were held six times during the year.
Little Fishes, our Parent/Carer and Toddler group, meets weekly with four leaders supported by volunteers. Numbers attending are limited to 30 children each week. These children are accompanied by parents/carers.
We continued our mission partnership with the Christian community in Kibungo, Rwanda, with sponsorship of Nursery places, contributions towards teachers’ salaries and the provision of a healthy breakfast for the children.
In addition, we continued to support the Mvumba farming community by providing their annual health insurance, seed and tools. The search for a suitable field to purchase continues, but the agreed six-year rental has given the community security of tenure as they continue their search. Community Foodshare continues not only to meet people’s immediate practical needs with food but also offers emotional and spiritual support.
Once again, we welcomed the Lammermuir Festival to the church, hosting concerts as part of their programme. All were well attended and appreciated by the audiences and contributed to church funds.
Financial Review
For the year ended 31 December 2024, the Statement of Financial Activities reveal an overall increase on funds for the year of £9,341, including unrealised gains on the year end revaluation of investments of £19,253. After transfers between funds, this represents a decrease on unrestricted funds of £9,988 (including investment gains of £5,983), and an increase in restricted funds of £19,329 (including investment gains of £13,270).
The statements reveal a surplus on the General Fund of £7,394 after transfers from other funds. This is a much higher than previous year but it should be noted that much of the increase is due to higher returns from investments made in 2023.
The 3 main regular sources of income for the Church are still - Offerings, Use of Premises and Investment Income.
Total unrestricted Offerings for 2024 (excluding tax recovered on Gift Aid) were £58,835, an increase of only £352 from 2023. The number of members giving to the Church by standing order or envelope is 58 (2023: 61) and £51,064 (2023: £51,383) was given in 2024. In addition to regular giving various donations have been made to the funds restricted for specific purposes such as the Dunbar Foodshare, Overseas Workers Fund and the Rwanda partnership.
Receipts for Use of Church Premises amounted to £15,900 (2023: £9,250), reflecting increased use of the halls. In addition we receive income from phone transmission equipment within the Church tower. The total received was £13,285 (2023: £13,285).
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Dunbar Parish Church
Trustees’ Annual Report
For the year ended 31 December 2024
Investment Income increased from £9,967 in 2023 to £18,014 in 2024. Part of the reason for the increase is the new investments we purchased using a legacy received in 2023. All investments are held in Church of Scotland Investors Trust funds with the objective of securing a reasonable rate of return while maintaining the capital value of the investments. Investment performance for the year, in the light of the current economic climate, is considered satisfactory.
On the expenditure side, the three largest recurring items are Ministries and Mission Allocation, now renamed Giving to Grow, repairs and maintenance and other building costs
The Giving to Grow contribution for 2024 was £61,547, an increase of £670 from 2023. These payments are set by the Church of Scotland, based on the Church's income, and is outside the control of the trustees.
A total of £35,916 was spent on fabric repairs, maintenance and replacement, including the installation of AV equipment, annual maintenance, and work done on the manse. In addition a further £16,548 of AV equipment was recorded as Fixed Assets. £24,834 was transferred from the Legacy fund to the General fund to cover the cost of the AV equipment.
Other building costs included Gas and Electricity bills amounting to £12,260 (2023: £6,289), Insurance premiums of £8,115 (2023: £7,850).
During the year we transferred £200 from the Little Fishes fund to the General fund as a donation towards heat and light. A further £1,000 was transferred from the Foodshare fund to the General fund as a donation towards the running costs of the hall.
Reserves Policy
It has been the trustees’ policy to hold sufficient reserves to produce revenue income to assist the Church in meeting its operational costs.
At the year-end the Church held unrestricted funds of £445,193 down £9,988 on last year. The General Fund balance at the year-end stood at £58,796, which would cover approximately 5 months of general fund expenditure; however the level of other reserves is still fairly high, but the trustees are mindful of the need to maximise the Church's revenue income by using the dividend and interest income produced from the capital held in reserve as designated funds.
The Church also held £250,429 of restricted funds, which have been provided for the purposes specified in Note 15 and include cash balances held in the various mission projects of the Church, such as Dunbar Foodshare, the Overseas Workers Fund and also the Personal Development Fund.
Structure, Governance & Management
The congregation is a registered charity, number SC000455 and is administered in accordance with the terms of the Model Deed of Constitution (or Deed of Constitution (Unitary Form)) and is subject to the Acts and Regulations of the General Assembly of the Church of Scotland.
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Dunbar Parish Church
Trustees’ Annual Report
For the year ended 31 December 2024
Members of the Kirk Session and the Congregational Board are the charity trustees. The Kirk Session members are the elders of the church and are chosen from those members of the church who are considered to have the appropriate gifts and skills. The minister, who is a member of the Kirk Session, is elected by the congregation and inducted by Presbytery. The Congregational Board is appointed from within the congregation and members of the congregation are invited to nominate individuals who are believed to have the skills and commitment to contribute to the management affairs of the Church, to become members of the Board. Board Members are then appointed at the Stated Annual Meeting and serve for a period of three years after which they must seek re-election at the next Stated Annual Meeting.
The Congregational Board is chaired by the minister and meets at least 4 times in a year. Certain responsibilities are delegated to the Property Committee as appropriate. The Kirk Session, which also meets at least 4 times a year, is responsible for spiritual affairs within the church.
Risk Management
The principal risks faced by the Church are those related to finance both in its ability to grow congregational giving and control costs, particularly those connected to the maintenance of the fabric of the Church and the Manse, and the ongoing maintenance of the Church and halls. The trustees believe that these risks are mitigated by periodic stewardship campaigns to increase giving.
Trustees' Responsibilities in Relation to the Financial Statements
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in Scotland requires the charity trustees to prepare financial statements for each year which show 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 the financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the method and principles in the applicable Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operational existence.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are 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.
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Dunbar Parfsh Chur¢h Trustees, Annual Report For the year ended 31 December 2024 The trustees are resp)nsible for Ihe maKIlenco and inlegrity of tr¢e chanty and finanaal infonnation on the congregalion's websile Legiation in the Unit8d 'ngdoM 9)verning pr8parats.on and diss6min&'on of financia slalements may drffer from legislalicn in other Jurisdicticns. Approved by the Trustees and si ned on Itr behaff by. ruglee Is . D81e
Dunbar Parish Church SC 000455 Independent Examinerfs Report to tha Trustees of Dunbar Parish Church I report on the financial statements of the charity for the year ended 31 December 2024 which are set on pages 8 to 16. Res ective Res nsibilities of Trustees 2nd Examiner The charitvs truste8s are responsible for the pr8paration of the firkqncial statements in accordan with the tems of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the Accounts Regulalions does not apply. It is my responsibility to examine the financial ststements as required under seciion 44(1){c) of the Act and stste whether particular matters have come to my attents'on. Basis of Inde endent Examinerfs Statement My examination is canied out in accordance with Regulation 11 of the Charities Accounts (Scotlandl Regulations 2006 (as amended). An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with Ihose records. 11 also includes consideration of any unusual items or disdosures in the financial statemenls and seeks explanations from the trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the financial statements. Inde ndent examinerfs stalement In Ihe course of my examination, no matter has come to my attention: 1. Which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with Section 44(1){a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations (as arnended). and to prepare financial statements vthich accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations (as amended) have not been rnet. 2. To which, in my opinion, attention shouhl be drawn in order to enable a proper understanding of the financial statements to be reached. 17131a£ .Date Belhaven Accountsng 9 Springfield West Barns EH42 1UE
Dunbar Parish Church
Statement of Financial Activities Year ended 31 December 2024
| Note Donations and legacies 2 3 Other trading activities 4 Investments 5 6 Raising funds Charitable Activities 10 15 15 Total Income Expenditure on: Total Expenditure Net expenditure before gains and losses on investments Income and endowments from: Charitable activities Total Funds Carried Forward Transfers Between Funds Unrealised (losses)/gains on investments Net Movement in Funds Total Funds Brought Forward Net (expenditure)/income for the year |
Unrestricted | Restricted | Total 2024 £ 112,983 1,355 31,052 25,937 171,327 - 181,239 181,239 (9,912) 19,253 9,341 - 9,341 686,281 695,622 |
Unrestricted | Restricted | Total 2023 £ 109,817 2,825 24,770 16,095 |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||
| 2024 £ |
2024 £ |
2023 £ |
2023 £ |
|||
| 77,722 870 31,052 20,442 130,086 |
35,261 485 - 5,495 41,241 |
74,503 1,480 24,770 12,075 112,828 |
35,314 1,345 - 4,020 40,679 |
|||
| 153,507 | ||||||
| - 152,066 152,066 |
- 29,173 29,173 |
122 135,356 135,478 |
- 32,091 32,091 |
122 167,447 |
||
| 167,569 | ||||||
| (14,062) 21,632 |
||||||
| (21,980) 5,983 (15,997) 6,009 |
12,068 13,270 25,338 (6,009) |
(22,650) 11,257 (11,393) 4,870 |
8,588 10,375 18,963 (4,870) |
|||
| 7,570 | ||||||
| - | ||||||
| (9,988) | 19,329 | (6,523) | 14,093 | 7,570 678,711 |
||
| 455,181 445,193 |
231,100 250,429 |
461,704 455,181 |
217,007 231,100 |
|||
| 686,281 | ||||||
The notes on pages 10 to 16 form part of these financial statements.
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Dunbar Parf•h Church 8al4n¢• Sh•ot A• at 31 t)•C•mr 2024 FiK•d A$ts T8ngknl• FÈ¢¢d ¥sul¥ Investyn• 17.376 451.946 io 432,693 Tatsl FIX Aw¢• 439.662 Debion 11 14.512 Z33.704 248.276 214.810 229,315 Liibilill Cr•dtor8 fal¥NJ the one y 12 3.015 1.8$7 N•t Curr•fitA•Mts 246,619 N•t AMts 69S.622 686281 Th• olth• ¢lw¥¢h: Unrpstricted Furds General fvnth atad 51.402 403,779 386.397 445.193 45S,181 R•strkknl Fd5 250,429 231,1CQ Totsi fuTrds 695.622 888.281 Th• slNtwnents wqre approved by the trust•e• M 14> and signed M thev behawby". Tho nfAeB on pagab 10t0 16 loim put ol fmnoal ilatements.
Dunbar Parish Church
Notes forming part of the financial statements for the year ended 31 December 2024
1 Accounting Policies
The principal accounting policies, which have been applied consistently in the current and preceding year in dealing with items which are considered material to the financial statements, are set out below.
Basis of Preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities accounts (Scotland) Regulations 2006 (as amended).
The Church is a public benefit entity as defined by FRS 102.
The trustees consider that there are no material uncertainties about the Church's ability to continue as a going concern as reserves are currently available to fund General Fund deficits.
Fund accounting
Funds are classified as either restricted funds or unrestricted funds, defined as follows.
Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider objects of the charity.
Endowment funds are funds which have been given on the condition that the original capital sum is not reduced, but the income therefrom is used for the purpose defined in accordance with the objects of the charity.
Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees’ discretion to apply the fund.
Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis.
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Dunbar Parish Church
Notes forming part of the financial statements for the year ended 31 December 2024
Donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS102) the general volunteer time of congregation members is not recognised.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised as expenditure in the period of receipt.
Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank or other deposit holder.
Fixed Assets
The charity has the right to occupy and use for its charitable objects certain tangible fixed assets, including the Church halls and manse, vested in the Church of Scotland General Trustees. No consideration is payable for the use of these assets. Expenditure incurred on the repair and maintenance of these assets is charged as resources expended in the Statement of Financial Activities in the period in which the liability arises. All tangible fixed assets costing in excess of £1,000 having a value to the charity greater than one year, other than those acquired for specific purposes, are capitalised. Depreciation is provided on a straight-line basis to write off the cost or initial value, less residual value, of tangible fixed assets over their estimated useful lives:
Fixtures, fittings and office equipment 3 years
Piano 20 years
Investments
Fixed asset investments are stated at market value at the balance sheet date. Unrealised gains and losses represent the difference between the market value at the beginning and end of the financial year or, if purchased in the year, the difference between cost and market value at the end of the year. Realised gains and losses represent the difference between the proceeds on disposal and the market value at the start of the year or cost if purchased in the year.
Taxation
Dunbar Parish Church is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities. The Church is not registered for VAT and resources expended therefore include irrecoverable input VAT.
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Dunbar Parish Church Notes forming part of the financial statements for the year ended 31 December 2024
| Unrestricted Restricted Funds Funds 2024 2024 £ £ 2 Offerings 58,455 380 Donations Dunbar Foodshare - 32,463 Personal Christian Development Fund - - Overseas Workers Fund - - Rwanda - - Other 379 - Tax Recovered 12,911 318 Grants 2,864 2,000 Contributions from Congregational 364 - Legacies 1,000 100 2a Endowment Income 1,749 - 77,722 35,261 2a Weddings and Funerals 870 - Little Fishes Fees - 485 870 485 4 Use of Premises 15,900 - Phone Mast Rental 13,285 - Energy generation income 1,867 - 31,052 - 5 Deposit Interest 5,685 2,238 Dividends Received 14,757 3,257 20,442 5,495 Unrestricted Restricted Funds Funds 2024 2024 £ £ 6 Raising Funds Offering Envelopes - - - - Charitable Activities Giving to Grow Allocation 61,547 - Presbytery Dues 1,851 - Minister's Expenses 2,492 - Pulpit Supply 731 - Local and International Mission 567 1,046 Salary Costs (note 7) 12,504 - Fabric Repairs & Maintenance 17,088 - Fabric Repairs -Replacement 8,766 - Fabric Repairs - Major Improvements 10,062 - Exhibition Costs - - Council Tax 4,008 - Other Buildings Costs 20,412 - Subtotal 140,028 1,046 Donations and Legacies Income from other trading activities Analysis of Expenditure Endowment income from funds held by the Church of Scotland General Trustees Income from investments 3 Income from charitable activities |
Unrestricted Funds 2024 £ |
Restricted Funds 2024 £ |
Total 2024 £ 58,835 32,463 - - - 379 13,229 4,864 364 1,100 1,749 112,983 870 485 1,355 15,900 13,285 1,867 |
Unrestricted Funds 2023 £ |
Restricted Funds 2023 £ |
Total 2023 £ |
|---|---|---|---|---|---|---|
| 58,455 - - - - 379 12,911 2,864 364 1,000 |
380 32,463 - - - - 318 2,000 - 100 |
58,483 - - - - 447 13,566 - 240 - |
- 34,759 - - 50 - 405 - - 100 |
58,483 34,759 - - 50 447 13,971 - 240 100 |
||
| 1,767 74,503 1,480 - 1,480 9,250 13,285 2,235 |
- 35,314 - 1,345 1,345 - - - - 1,125 2,895 4,020 Restricted Funds 2023 £ - - - - - - 774 - - - - - - - 774 |
1,767 | ||||
| 109,817 | ||||||
| 1,480 1,345 |
||||||
| 2,825 | ||||||
| 9,250 13,285 2,235 |
||||||
| 31,052 | 24,770 | 24,770 | ||||
| 7,923 18,014 25,937 Total 2024 £ - |
5,003 | 6,128 9,967 |
||||
| 7,072 | ||||||
| 12,075 Unrestricted Funds 2023 £ 122 |
||||||
| 16,095 | ||||||
| Total 2023 £ 122 |
||||||
| - | 122 | 122 | ||||
| 61,547 1,851 2,492 731 1,613 12,504 17,088 8,766 10,062 - 4,008 20,412 141,074 |
60,877 1,064 2,483 502 18 11,851 29,387 3,569 - - 3,573 14,140 127,464 |
60,877 1,064 2,483 502 792 11,851 29,387 3,569 - - 3,573 14,140 |
||||
| 128,238 |
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Dunbar Parish Church
| Dunbar Parish Church | ||||
|---|---|---|---|---|
| Notes forming part of the financial statements for the year ended 31 December 2024 Unrestricted Funds 2024 £ 6 Subtotal brought forward 140,028 Church Office Expenses 3,462 Organ and Music - Other Expenses 1,589 Professional Fees - Overseas Worker Fund - Dunbar Foodshare - Benevolent Fund expenditure - Rwanda Fund - Depreciation 6,141 Bank Charges 366 Independent Examination 480 152,066 Analysis of Expenditure (continued) |
Restricted Funds 2024 £ 1,046 - - - - - 28,112 - - - 15 - 29,173 |
Unrestricted Total Funds 2024 2023 £ £ 141,074 127,464 3,462 4,523 - - 1,589 1,911 - - - - 28,112 - - - - - 6,141 625 381 353 480 480 181,239 135,356 |
Restricted Funds 2023 £ 774 - - 550 - - 30,717 - - - 50 - 32,091 |
Total 2023 £ 128,238 4,523 - 2,461 - - 30,717 - - 625 403 480 |
| 167,447 |
Notes:
Support costs have not been separately identified as the trustees consider there is only one charitable activity. Therefore support costs relate wholly to that activity and have not been separately identified.
| 7 Staff Costs and Numbers Salaries and Wages Employer pension contributions Total Cleaner Treasurer The average number of employees during the year was: |
2024 £ 12,504 - 12,504 2024 Numbers 1 1 2 |
2023 £ 11,851 - |
|---|---|---|
| 11,851 | ||
| 2023 Numbers 1 1 |
||
| 2 |
No employee had employee benefits in excess of £50,000 (2023 nil)
All Church of Scotland congregations contribute to the National Stipend Fund which bears the costs of all ministers' stipends and employers' contributions for national insurance, pension and housing and loan fund. Ministers' stipends are paid in accordance with the national stipend scale, which is related to years of service. For the year under review the minimum stipend was £30,135 and the maximum stipend (in 5th and subsequent years) £37,302.
8 Trustee Remuneration and Related Party Transactions
No Trustee received remuneration. One Trustee received reimbursement of expenses incurred totalling £2,492 (2023 £2,482). One related party received a payment of £30 during the year (2023: £30).
During the year, Trustees made donations of £12,044 (2023: £12,065) to the Church.
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Dunbar Parish Church Notes forming part of the financial statements for the year ended 31 December 2024
| 9 Cost At 1 January 2024 Additions in the year Accumulated Depreciation At 1 January 2024 Charge for Year 10 Additions Tangible Fixed Assets At 31 December 2024 Unrealised (losses)/gains on revaulation of Investments Net Book Value At 31 December 2024 Market Value at beginning of year Investments At 31 December 2024 At 31 December 2023 Market Value at end of year Investments at Cost |
Piano £ 12,500 - 12,500 5,531 625 6,156 6,344 6,969 |
Office Equipment £ 12,376 16,548 28,924 12,376 5,516 17,892 11,032 - 2024 £ 432,693 0 19,253 451,946 343,674 |
Total £ 24,876 16,548 |
|---|---|---|---|
| 41,424 | |||
| 17,907 6,141 |
|||
| 24,048 | |||
| 17,376 | |||
| 6,969 | |||
| 2023 £ 187,044 224,017 21,632 |
|||
| 432,693 | |||
| 343,674 |
All investments are held in Church of Scotland Investment Trust funds. The Trustees' report discusses further the performance of investments.
| 11 Phone Mast Income Gift Aid Tax Refund Due 12 Agency Collections 13 Fixed Assets Investments Net Current Assets Net Assets at 31 Dec 2023 14 Volunteers Analysis of Net Assets Among Funds Creditors Debtors |
General £ 17,376 |
Designated £ - 298,010 91,981 389,991 |
2024 £ 13,285 1,220 14,505 2024 £ 3,015 3,015 Restricted £ - 153,936 101,302 255,238 |
2023 £ 13,285 1,227 |
|---|---|---|---|---|
| 14,512 | ||||
| 2023 £ 1,657 |
||||
| 1,657 | ||||
| Total £ 17,376 |
||||
| - | 451,946 | |||
| 33,017 | 226,300 | |||
| 50,393 | 695,622 | |||
In common with all congregations of the Church of Scotland the congregation benefits from the contribution made by volunteers who give their time and talents willingly for the benefit of the Church. The areas of congregational life which rely on the contribution of volunteers are many and varied and much of the activity would be unable to continue were it not for the commitment shown.
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Dunbar Parish Church
Notes forming part of the financial statements
for the year ended 31 December 2024
15 Funds
| Restricted Funds The Isa Grahame Bequest The Rwanda Fund Overseas Worker Fund Dunbar Foodshare Fund Personal Development Fund Little Fishes Benevolent Fund E Main Fabric Unrestricted Funds Reserve Fund Unrestricted Legacies Total Funds General Fund Designated funds |
At 1 January 2024 £ 138,217 311 1,085 49,901 36,992 1,371 3,023 200 - 231,100 60,409 343,370 403,779 51,402 455,181 686,281 |
Income £ 3,201 - - 35,314 1,609 485 57 100 475 41,241 |
Expenditure £ - - - 28,127 - 1,046 - - - 29,173 |
Transfers Between Funds £ (3,200) - - (1,000) (1,609) 200 - - - - (6,009) |
Gain/(Loss) on Revaluation £ 13,039 - - - - 231 - - 13,270 |
At 31 Dec 2024 £ 151,257 311 1,085 56,088 36,992 610 3,311 300 475 |
|---|---|---|---|---|---|---|
| 250,429 | ||||||
| - 3,864 3,864 |
- - - |
- (27,229) (27,229) 33,238 6,009 |
3,870 2,113 5,983 - 5,983 |
64,279 322,118 |
||
| 386,397 58,796 |
||||||
| 126,222 | 152,066 | |||||
| 130,086 | 152,066 | 445,193 | ||||
| 171,327 | 181,239 | - | 19,253 | 695,622 |
Purposes of Restricted Funds
The Isa Grahame Bequest : The bequest can be used for any purpose that benefits the local mission of Dunbar Parish Church. The balance of unexpended income from the fund is transferred to the General Fund.
The Rwanda Fund : The funds are for the purpose of supporting our partner Church in Rwanda.
Personal Development Fund: The donations can be used to help further individual Christian development.
Benevolent Fund : The purpose of the fund is to provide grants and assistance to members, adherents and residents of the parish who are in need.
Overseas Worker Fund : Funds are for the purpose of supporting our partners working overseas.
Dunbar Foodshare (Previously known as The Basics Bank Fund): The funds are for the purpose of supporting our foodbank for local people in need.
LITTLE FISHES : Funds to support the Little Fishes Parent & Toddler Group
E MAIN FUND : The funds are to be spent on the Church Sunday School
Purposes of Designated Funds
The Unrestricted Legacies Fund: This holds all unrestricted legacies which can be used for any purpose of the Church. Reserve Funds : Reserves which can be used to top up the General fund if neeeded
15
Dunbar Parish Church
Notes forming part of the financial statements for the year ended 31 December 2024
16 Collections for Third Parties
| Collections for Third Parties | |
|---|---|
| Rwanda Projects Release International |
2024 2023 £ £ 3,015 - - 1,657 |
| 3,015 1,657 |
16
Dunbar Parish Church
APPENDIX
FUNDS HELD ON BEHALF OF THE CONGREGATION
BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES
| see * below Credit Balances held at 31 December at cost Credit Balance at 31 December REVENUE CAPITAL Market Value of Balances at 31 December |
2024 £ 13,024 19,068 24,433 |
2023 £ 13,024 |
|---|---|---|
| 18,167 | ||
| 24,746 |
Funds held centrally by the Church of Scotland General Trustees on behalf of the Congregation. The funds are not included in the Balance Sheet of Dunbar Parish Church, except to the extent noted below, but can be released on application to the General Trustees.
This balance includes mast rental of £13,284 (2023: £13,284) collected for the Church and remitted after 31 December 2024. This remittance is included in the * balance sheet as a debtor.
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