## **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**
**==> picture [394 x 206] intentionally omitted <==**
**==> picture [137 x 71] intentionally omitted <==**
**==> picture [125 x 57] intentionally omitted <==**
## **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
1
## **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.
2
## **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).
3
## **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.
4
**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:
- select suitable accounting policies and then apply them consistently;
- observe the method and principles in the applicable Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- 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.
5
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.
8
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 A*Mts
69S.622
686281
Th• olth• ¢lw¥¢h:
Unrpstricted Fur*ds
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.
10
## **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.
11
## **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|
12
## **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.
13
## **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.
14
## **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.
17