har rnglstratlon nuthr SC000711 WEST MORAYCHURCH OF SCOTLAND ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
WEST MORAY CHURCH OF SCOTLAND LEGAL AND ADMINISTRATIVE INFORhlATION Klr Smslon Pl•mb•rn Charfty numbor SC000711 Reg18tsrnd offic• S•nquh8r Ro8d Forres M¢xay IV36 1 DG Audltor MacX•nz Kur knmtted Chart•r•JAc¢tyJntsnts aThJ SlaluWAud(lors 19 Culduth•l R*)ad In¥eme88 IV2 4hA B4nk•r8 Bank of ScotLgrpJ 73 SlrBet Nairn 124BS
WEST MORAY CHURCH OF SCOTLAND CONTENTS OF THE FINANCIAL STATEMEKrs Klrk Session Members, reF Ind•p8nd8nt audilorfs rawt Stat•m•nl of finanual activitiès Balance Sheol Slalemenl of ca8h flowa NoteB to Ihe finane1 slatemenls 10-24
WEST MORAY CHURCH OF SCOTLAND KIRK SESSION MEMBERS. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Kirtt Se8&on members pre8rt thw"r anrwl retK)rt WKJ fina1 statements for Ihe y8•r nd 31 Dmber 2024. The financial BLornents h•ve been prepared in accordance with the 8ccountiTWJ polirjes set out in note I lo the financial statements and compty with the crch'S goveming document, the Charrt$ and Tfttee Inveslment IScoll•ndl Acl 2005, the Charilies A¢untS (Scotlandl Regulob"ons 26, FRS 102 Finala1 Repong Standard appllcabl¢ kn the UK Rewt4lc of Ir•la WKI the Chartties SORP "Accounting and Reporting by Charities". Statement of Recommded PractKe applicable to chanties preparing the aUnIS in acc¢)rdance with Iha FinanL?al R•porting Standard •Wk•l)le in ts UK and of lrn18rKI IFRS 102)". Obl•ctlvw •nd •thnlo¥ The Churth ol Scotland is Tnnf(anan doctrine. Reformed in tradilian and Presbylerion in polty. It eXi81s to ghority God and to work for t advanment of Christ's Kwigd(Th thrjght the WO. As a nallonal Chwch. It acknowledges a distirKlive Gall and duty lo bring the OrdinceS of rethgn to the people in every parish of S¢olland through • t•rriton'•l ministy. It ¢{le& with Olr ClwfclK• in vwious ecumenic bodi08 in •nd tyond. publ benefft The Kirk St10n mémbèrs have pakl due r•gard lo giidan¢e i•wed by the General Tru8t•o• ol th• Churth of Scotl•nd In ¢Y•udiNJ whot actwiths the Church slM)ukl ¢AKl•rtth. Acllvitffjs The maln activilies undertaken for th• wbtic beneffil indude- Weekly Sunday worship 18 w¢vided m three churthes, St Leon•rd's. Kthnlo and the Mi58lon church in Dallas. The Premis al St Leonards and Kinlo88 are •lso •xteNvety used by various community group•, and hot m8815 are availae a Yk in the St Le(•T8 ¢hufc h811. None of the •div¢S ¢wlk1 wn wthout ¥011¢¢r$. Al all tim•s im Iru$t¢w have regard lo guvJart• frcAn the 018 of Ih8 Scott15h Charil•s R•gul810r. Achl•v•m•nts •nd p•rtorm•nc• Sl9nifK8nl 8dNitie5 and achievements wainsl obrtN6$ The prindpal ochievement Ihroughout 2024 d$ ueatry an en4ryTonment in which our 6 paral9 G0nkYegJtiS. St Laurenu. Sl Leonard's, R•fford, Sl Michael Dallas. Kink)8s and Findhom and Alves and burthoad, wtdd adju8110 th91088 of their regul8r pl8¢¢ of worship. The use of differenl lyjildings for congr89Otional m8eting$ has hlped lo avoid a contrist approa¢. We supwrt the development of & Commwity ChUh. thing away frc¥n tr tr•Ltional budj. mwnly amon9 younger pecple and Ihew familles. Flnanclal miew Indlvldu•l Congr•gatlon•l Funds Wth the Union on 1st J8nuary 2024 all BIX 5ep•e congre9On8 and their Kith Sesslon8 ceased lo have individual idèntities. They also stopped b"ng separate registereil charrties, are now 81 log8ther as Wesl Moray ClrGh ol Scotkgnd (Cherity SC(100711, prev Ihe chty ntsr tr St Lauren P4ri$fv Crch of Scotlandl I their fvnds became the iespon%bil'ty of th• now Kirk Session, vtho have appoinied a Treasurer. ts¥o Deputy Treasur•r5 Jnd a Finance Committee. The separate bank a¢¢ounts wll gradually rnargo iFo one. 01 the six uxgregations that unrièd on 1s1 January 2024. had operated even a 5m8118urplLts in I provlous year. There are wgnrfunt sum5 held in the chu of ScotlaThJ Investots Trust whith are availabl8 directly as the congregation neeJs them, as 11 as holc1$ in the Church of SC(thd Cortsdid8ted F•bri¢ Fund. wNch we gnly availab for Fabric (buildings Maintenan}.
WEST MORAY CHURCH OF SCOTLAND KIRK SESSION MEMBERS. REPORT ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Res8rv85 polify It 15 the pcAicy of Ihe Chur(b Ihat uwtrirAed ILmds Iwe not bw) dewgnatgd k¥ a 6p•SIc u8• Bhk1 b maintained at a level •4uivaII lo bet4fftn trwee and six rI)nth'S eypentlitwe. The Kirk Session rnemter5 sider tFiat reservo5 al this level wll •n6ure thal, in the event of a significant drop in hJnd1ng, they be gble lo ccrtinue the Churth's current actiwties while consideratn 1$ grm lo ways in whth addrtional fLmds m8y be raised Thi5 level ¢rf regwve8 h•8 mr4aiwJ IhrtvJhout Ihe At the year end, the Church hekl Lretstr c48h ILvth of £1,098.784 {2023 - £32.639 St Laurence Panah Church). Thefe is £63,l7 {2023 - £nil St Lence Pari5ti Chwth) ol restsed I£. 8tfuctur•. 9ov•rn•nu ond m•n•g•m•n¢ The Chjrch is adminisler8d In acoydance wNh terms af the Chwch of Scotland DJ of CorAWtution Il thè tim• In force. In thjne 2021 the Congregati.c apwoved the ach of Ihe Ur¥tsry Ci>nslrtution. All •ffairn of the ¢cfflgregaliw are ¥ested in lQ'rt Session, ofthith all adive elders we membws. The Klrk S?lOn rnemtws vfrK 8aNed during thg y09r VKI LV 10 th¢ dots of *qnatur• of tho fin018191nontB were.. {R191)ed 30 Januwy 20241 IResigned 30 Janry 2024) IRw3nod 10 April 2024)
WEST MORAY CHURCH OF SCOTLAND KIRK SESSION MEM8ERS' REPORT (CONTINUEO) FOR THE YEAR ENDED 31 DECEMBER 2024 Reertdlmenl app)inlment olfrvslees Al active mernbers the Kid( SessKJn a the tharity trLStees. The KI SessKJn members are the elders of the cuTch and are chosen trrAn Yalling m8mberG of the cAYsregth'rm, Bro considered to have the appropriale gifts 8nd 5kiH$. wth the 8pFwv¥l of th8 Kith s85sW. org8n"r8l Stnkre AJI affairs ol the corvJregats'c are vested in the Kirk Session. ol which al actrve ehjefs are membeTS. Stat•m•nt of Klrk S•Mlor• m•mb•rn' rmp0nb1l1tl•¥ Th8 Kirk S888icn member8 ar• TesponsiLl• for Prepari lh8 lfjrk Se50 MemLws' Repul Ihe financial statemtsnts In 8(wd8nco ¥th 8pplicat4c knv and United Km9dom Accnunts"ng Standards (United Kingéom Gener8lly ACpted Accourthw Pradlcel. The law appllcabte to ch•it$ in Scolland requiw the Seslon memws lo prepare financL81 ststwnonts $a¢h finan¢lo1 ytrjr which give a tvue and fatr vi8w ol Ihe ststg of affalrs rf thg Chuth •)d Ll the Incomlng r080urceg and 8ppliGlion of r88ourc8s ol the Chufth f(¥ that year. In prgp8ring thBse financl8151olements. the KJ"rt sess nwtbgr5 required to.. - sdecl suitable accouthng wlicie5 ?nd Ihen apF4y them rymsi5¢enUy' - observe the meihods and pnapleS in the Charities SORP., - make judgements and e8ty'mates th81 are rea$ale and Fwudenl., - sta¢e whglh8r applicable ac4ntIng 6tandwth h• boen folSth¥od. subioct to 8ny mat•ng1 departuw dlscb8ed and explained in the finanoal staterrnnls: and - preparé thè financial slaiernents on the go¢n9 b•¥is il i? in4kyEyiJl• tQ PVPsum• Ihal tho charity will continue irb operati. Th• Kirt S•$sion mofflbgrs ar• rFlit)le for keepiThJ 6uffKa•nl accA)unb"ng ro¢d5 that disdos• with r•asonab 8rKuracy 81 gny Iirne the finanGial pOti of Ihe Church gnd enat4e them lo enaure that the financial slatements comply with the Charftles and Tfustee Investmenl ISAxJUarKI kt 21)05. thè Charitses A¢toun15 {ScoUandl R8gulalion8 20C and Ihe provlsions ol the Irusl deed. They are also resF(Jnte lor safegu8rding th8 ol Ihg Church 4nd hence for taking r¥asonabl• Steps l¢x the wewiu.on and deteclion ol fraud and olher •Tegul3ribe$. The Kirk Session mÈrnber5' report was apryove¢ by Ihe 8c8rd of KidE Segslorn Members. 4 Nub*iTibbi 2025
WEST MORAY CHURCH OF SCOTLAND INDEPENDENT AUDITOR'S REPORT TO THE KIRK SESSION MEMBERS OF WEST MORAY CHURCH OF SCOTLAND Oplnlon We have audrtéd the financial 5&ments of Moray Church of Scodwd Ilhe 'Church'l for Ihe ye8r ended 31 Decernber 2024 vthich comprise the StatenI of financial aclimties. the balance Sheet, tP)e statement of cash fk) and rKJle$ lo the financial statements, mlLyJIng wwificant 8ccountsrvJ Fdiues. The ffinanc¢al reportiry framewot that has btsen applied in their prepwation 15 applicab law and United Kingyom h£counting Standards. including Finanaal Reporting Standard 102 The Financ1 Repoffting Sl8nd8r(18ppIK8bb in Ihe UK 8nd Republ1¢ ol lrnland Iunileé Kingdom Generalty Accepted Accotsng Praraic). In our opinion, the firbancial st8lèmerrt8'. giva a tru8 and fair viaw ol the stste of the ch8rity's affairs as at 31 December 2024 8ThJ ol 11$ Ir¢omlng resources and awicalion of reS0e$. lor Ihe ye8r then enoed.. h•ve been property pTep8red in ac¢wdance with Uruted Kid Generally Accepted AC)Unn9 PrpLtIc•', and have been pfèpared in accffll•n¢• wth tho Cwigs and Tr18& Invo8tmtnt (Scotlardl Act 2005 and rtgukntion 8 01 th8 ChwrtiVdAccwnts (Scotland) Rogul8llons 2C#X. 8alB for oplnlon eonlu¢lél our audit in •¢¢or+Jance with Inlemaiional Slandar(Is cm Authting IUKI IISAS IUKI) and appllcable 18w. Oui responsibilities under those standards are fOr dex11d in th• Audilofs responslbilrties for Ilje 8udrt ol th& lin8ncial s18t$monls 8OCtion of Ir r•FQrt. We ar8 independent of ihe Church accord8ru with the elhical 4uiremènts that are leVant lo our audrt of the finwKig1 statemerts in the UK. induding thg FRC'S Ethical Standard, and Ihe provisions availabb for small errtrties, wi the CirM¥13nc Sel out in noto 27 to tho Iln8nckg1 statem6nl8, and we hav• fulfillod ow trlher ethic•l resp314.1.e in accord•nc• wrth those rnquirèments. We b8118vè th81 tho •u¢l ¢wd¢n¢e ¥ h•ve obtai is and apprOprle to Provide a basis for OLK opinlon. Concluslons r•latlng to 9olng ¢on¢•rn In audrtlng the financial statements. have condudod th•t Kmk S88$ mèml)•rs' of th• goKIg conc•m b13 ol account.ng In the pr¢p8rntion of Iro fin1 stat•m•nt$ o •ppropn•to. Bas•d on th• w• hav• p•rlcm•d. w• hav• rA)t id•ntifi•d any mat•rial urK4rtainties relat9 lo events or candltions that, individually or colleclivdy, may cast swnifunl d(xknt on the Church's ats'lty lo wilinug a8 8 golng concern for a perio¢J of 81 least tIve months lffjm the #181 statements •uthori$•d lor issue. Our re$p)n$iliti•$ ar th¢ re$ponsibilitie• of h Kirk f)owim with rg8peca lo wing Goncem are de8cribeé In the re¥t sections ol Ihits report. Other informjtlon The other informabon cofflprises Ihe informatsw incwed in Ihe nUal reFort olher than the ffflardal stal•mènls and our 8uditor'$ report thereon. The 'rk Session memr8 are responsible for the other inltsmalion contained the annual réport. 0 opInn on the finanrA stslernen15 does r1 cover the other informalDn and we do not express 8ny form of aSranCe conclusim Ihereon. Our respon5iknlily Is lo fftad the other tormati( and, in doing so, consider whelhw the other informatM)n is matenalty ineonsislent wlh thè finan¢i•l statements or our knowledge obtained In the course of the audrt. or (rthephise appears lo be materially misslatod. If we Identlfy such materi81 Inconsistencles or apparent molenal misst8lements. we are rewirecl to Oetemiin8 wheth8r Ihls gtves rise to mat•rial misst•l8ment in the fin¥rKi•l sl•tement8 lhn1¥•$. If. b8wd on Ihe work we have perfomed, we ¢lude that Ihfrr¢ io 0 m•ten"81 nM$$tstement of Ihis fv infomi8tw)n. are rewwed to report Ihal fact. We have nothing lo r•port in ihis regard.
WEST MORAY CHURCH OF SCOTLAND INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE KIRK SESSION MEMBERS OF WEST MORAY CHURCH OF SCOTLAND Matt•rn on vthlch wo ar• r•qulr•d to report by exc•pUon have nothing lo report in respect of the foll mattern Mi reLotion to thiGh gnd thè Charit8 ACrunts (Scoilandl RegutionS 20C roquir•8 US to report lo you rf. in ow opwiion". the infomalion given In the fffjanual 18 MK(81$1enI in any matèrial rped Wbth the Kyk Session merntrs' Teport.. proFer accounting records have Th)t bo k. thè financial stslements are not in ggreement ith the accountir¥J record5; or we have not received all infom•liw 8nd eXplt requTr for our RMpon¥lbllltl¢¥ of Klrk Sesslon memb AS explained more fulty in tre statent of KNk Sessron mwnb•TS' rn8P)nsibilth'e$. the Kirk Session m•mb•rs ar• responsib for the preparation ol the financial stateMts 8ThJ fcrf boing sth"sd that tNryy give a true arbd tsir view, and for such inlemal control a5 the (k Sès8iM Mem1¥ detemiine is nec6s8ary to enable the preparation ol fiTrand 8talements that are free from fflgterial misstalemenl. whetsr lo fraud or errcv. In pwring t financial statement8, the Kirk Session m8fflbef5 are respmsth for as6è8&'ng the Church's ah'lily to continue as going concom, disdosing, a8 aplicab16. maltofs rd8ted to going conc•m and u$ing the going concwn b8sis 01 accounllng unless the Kirk S•s8ion memb¢rs Irlend to cegse op8raion8. Qr ¥0 no r•ali¥tsc attemotive bul to do 80. AudltoV• rn•pon•lbllltlH for th• •udlt ol tht fln•ncl•l st•t•mMts h8ve b8en appointed a8 auditor und•r section 44{1llcl ol charit and Trustse Inv8slm?N Iscouondl Act 2005 and report in accordance with the Act rè11n1 regulatws made ¢y h8vin9 effect ther6d•r. Our objectives ale lo obtain reasonab •ssur•n¢8 about the statements 88 a Who are free from materlal mi8s18tenenl, whelhef due lo fraud ¢y trrty. •nd to issue an auditorfs T9pt th•1 Includes our opinion. Re8gonable assurance is a high level of gSSUTance 1$ not a gu8r8nlee that an a111 NdUCted in •ccord•nce Imth ISAS {UKI wll aN¥ays dele¢t 8 mat•ri#l mlsslatemert Vh8n it e¥i5ts. Vd$Stalements Can &r¢8e from froud or error and we considored malen81 il. dIvidUaly in the gregate. they could reasonably be eycied lo inlluenL the economic d18jn$ of u¥ors tsken on Ihe ba&8 of Itme fYwK4al #•t•m•nts. Tha Oxttnt lo whth OLf prc¢edures are capaNe of det•ctivJ wYeguL•rflles, inchjdlng fraud. IB dotsid tr40w. We 8ssess8d the su8ceplibility of Ihe cornpany's financial st•lem?nl$ to malerial mi5siat8monl and how fraud might occur, indUd9 through ¢Jiscussions th the thr•clor8. discussions wathin our audit team plgnning m•eting. upjats'ng our r•cord of intemal controls and ensuring these contrgb opor•ted as intended. We evaluatod po$$ibl• incentives and cyportunits•$ for fraudulent MpA)ipallOn of the fiw¢i41 statements We id1 laws and regulations that are of wgnifi¢anc¢ in th¢ conlext of the coffyny by (fiscussions wlh directors gnd updaliThJ our Lmderslandlng ol the sector in which tho company offtes. Laws and Tggulations of dir0 siwfKance in the cwtext ofthe wipany include The Comp•ni•$ Act 2006, and UK Tax legiatr.C¥). Wa considored thé exienl of compliance wrth ISe l#ws and reguon$ as port of our audit procedures on the related financial statement iloms Indvding o review of fiT)anaal sLement th'sdosur•s. We revie¥1 the LX)rnpany' record5 of breaches of lawd and rylations. mirmjtes of meetsng5 arHI corresponolence wrth rebe¥ant 8horitieS lo identify potential material misstalemwts arising. dixussed the company's poliaes pfo¢44uw frK compliance laws and r¢gLlaliMs bylth members of man*Jement responsible for complian.
WEST MORAY CHURCH OF SCOTLAND INDEPENDENT AUDITOR'S REPORT (CONnNUED TO THE KIRK SESSION MEMBERS OF WEST MORAY CHURCH OF SCOTLAND Dunng aTrn9 ting 4wth th6 audil tèam. the RespyTh8 lThJNN1u81 IRI} drthv attenti¢)n to th8 key afeas which rnighl involve rn0n-ccfflpllan Vlith law5 aThl TegulaticTrs or frd. Wt DI managemerl vthtthtrr tY were sware ol any instarKe5 of norcCplI8nce with18ws re93b[M6 or krKYIedge of any actu81, suspeded allege¢ Iraud. 8ddresse<l Ihe rk of froud throwJh ment ¢)verride of ¢Ctrol5 by lesting the approprness of journal ertries ar¥J Identsn9 any lfint trth"On8 that 7here unLoual or OLrt8ide the rmal course of ixjsiness. assessed whelher ltyents made in makiTrJ accwntir¥J estimates gave rise lo possible indicolion of m8rbagienl knas Al the com etIC stage of Ihe a11[ th6 RfB review In(J(kd ensuring lh the 0M had aPPrCh&d their work wlth appro[ts protss<)nal scepudsm aTrY tnus cap%lty to klanoty nor Coml¥n¢ t I•w• 4n¢ r•guI•ln& •nd Ir. There are inherent lirnilh)ns in Ihe audit wc¢edures dexn.bed above and Ihe further vernoved Thon-compliance With18 and r•gulalicn8 o frorn the events and tranwons in Iho finanu'al Slptwerts. the le85 likely wo woukl become ware of it. Aso, nsk of ncé d•t•ctsng • matengl misstatemenl &ue to freud is hlgh•r the n$k of nol detecting one r&81Iting frryn erryx. 48 fraj may inlvè d•llrat e¢n¢oalmenl ty, for 0xarrp. forgery or Inlenlonal mlBrepras8n1alknns, or throu CDIILffjknn. A lurthw thscription of ouf rn8oonsit4lit is gvailable M the Finanti81 R6F(ling c1.8 webiite at.. IWs.'Il www,frc 0rq.ukJudilorsresptsn8ilIts.e8. This d•Kriptson ttyms part of our auditor's report. Oth•r M•tt•rn Your gtteiton is lo fgct th the tharty has wepgred ffinan¢i•l ¥tstatYWi18 ¥1 Kcordanco h"AcCountIng antt Rep)rtsng by Ch8rils.' Slaternent of Recommended aFable to ctrorrties preparing their 8c£ounts In accordan th the Fln8nwl R¢p)rting Sland8rd aF¥1ble th8 UK and Republlc of Ireland (FR8 1021" las arnen(ledl In prefererKe to the AcUntirvj and Repyb'rvJ tyy chan1$.. Statement ot Recomm•ThJS Prxtke 19sd 1 Apnl 25 vthi¢h rd•Tr•d lo in ts ex1aN rew[4nI bul ha8 now l)••n wltndrawTr. Thi8 hag begn donè in ord8T for th8 ffinamal at•m•nl# to wid• * tr falr vthy kn accordance th cUrt GenerallyAcceOed Accounting PracticE. prior yearts fvjures Wre una4•Jrted. of our report TN$ rport is made soldy lo th• ¢h•nty's twst••$, •$ o thy, In a¢cordance wRh Rogulation 10 ot th• Ch¥lUo• Aoxunts (SGotlandl ReatrOnu 2008. Our Iart work h88 been urthrfaken $0 that we rright state Ic the ch&rily'ts truslees those matters we are requed lo slale lo them in an a1110.$ report aryd lor rK) other WTP)s•. To tho full•sl permitted by18w. we not rA c ass rnSps1tsIty to other than th• th8rity and the chArily' trustee5 as a body, fcr our audrt work. lor thi5 IEPDrt. or for the opir¥on8 we ha fomed. For and on behalf of VacKenzie Kerr Limited Chart•i•d Aecounlants 8NI Sialutory Audltors Redwood 19 Cuhjuthel Road Inv91nes9 IV2 4A4 5 Novérnbèr 2025 MacKen1 Kerr Lirnried i¥ elwe for apwntrnenl as auoilty of It* Church by vylue of its elyklIty for apArthent as aLltor of a comparry undv secbon 1212 of Ihe Coryr¥E8Act 2(X6.
WEST MORAY CHURCH OF SCOTLAND STATEMENT OF FINANCIALACTivinES INCLUDING INCOME AND EXPENDITUREAccouKr FOR THE YEAR ENDED 31 DECEMBER 2024 Unr•strict•d R•strlcted fund• fund¥ 2024 2024 T&1 Unr•8trlct•d RestrScted turids fufKIs 2023 2023 Total 2024 2023 Incom• and •ndo*Tn•nts from: Donatb)ns aThJ legacies Chjrrtable activrt Investments other inccffie 753,809 69.050 18,024 440.ChJO 65.228 818,837 69,050 19.397 440.000 66.540 2,916 86,540 2.918 1,373 Total Incom• 1.280.683 66.601 1,347.284 69,482 89,482 Exp•ndllur• on., Charitable activities 260,859 260,859 75.402 336 75.738 Totsl •xp•ndttur• 280.659 260.659 75,402 336 75,738 Net galnWIID8se81 on Inv•8tment$ 11 32.414 173 32,587 N•¢ Incoml•Xp•Thrt1tUr•) 1,052.438 66,774 1.119.212 {5,9201 1336) {6,256} Tranjfers t¢en lund$ 13,707 113.707} N•t mov•m•nt In funds 1,Cth.145 53,067 1.119212 15,9201 {3381 {e,256) Recon¢lll•tion of funds: Fund belances at 1 Jwu8ry 2024 32,639 32,639 38,559 38,895 Fund b•lan¢M •t 31 D•c•mb•r 2024 1.098,784 53,087 1.151,851 32,639 32,639 The $18tement of fin8ncwl act1Vrties knckwjes all gains arnl h)$86s recognlsed In Ihe ygar. All irts)me and expendrtur• derive from ¢ontlNing adimt.
WEST MORAY CHURCH OF SCOTLAND BALANCE SHEET AS AT 31 DECEMBER 2024 2023 Flx•d a•s•ts Tangle assets Inve8lm8nt8 13 14 442.799 589,401 14.848 1.032.200 14.848 Currenl assels C8sh Bt bAnk In hond 130251 17,791 Credltors.. amounts lalllng wlthln on• y•ar 15 (10.6001 N•t ¢Ufr•nt •M•t• 119,651 17.791 To¢•1 4u•l• ¢urr•nl Il•bllNI•• 1,151,851 32.639 Th• fund¥ of th? Chwch Restrlded In¢ome fund5 Unrestrkt8d funds s3,(7 1,098.784 17 32,639 1.151051 32,639 The finarla1 51al8ments wwe apwovgd KNI( Sass" membw8 4 Novththr 2025
WEST MORAY CHURCH OF SCOTLAND STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Ca8h flowi from opfrrallng a¢llvltl• Ca$h generated fr¢mllabg(Kb•d by) operation5 666,597 (5,8421 Inv•stlng •ctfvftl•¥ Purchase of tangible fixed a88ets Proceeds from disposal of laryble ffixed assets Purcha8e of in¥oslments Invèstmèrt Incomè recelved 1446.719) (556.8151 19,397 N•1 c••h lu••d Inyg•n•r•t•d from In¥Mtlng •¢tlvlti 1544.1371 26 P4•t #h g•fft•rt•d from flmnclng •ctMII•• N•t Iner•i••l{d•er••u) In e•sh and c••h •qulval•nts 112,460 15,8181 C•8h •nd *h •quiv•l•nts at beginry cl yew 17,791 23,607 C••h •nd ¢••h •qulv•l•nts at •nd of y••r 130,251 17,791
WEST MORAY CHURCH OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounllng polkl•s Ch•rlty Infomi•tlon Wesl Moray ChLwch Df Scotl8nd is an unincorporgted chorrty. regstered in Scottand regi81er•d chartty numb•i SC000711. 1118 adm#)istered in h'ne with the Unrtay Constitution of the Church of Scotland. 1.1 B•8 of prnp•r•tlon The finanal statèment5 have b•en prepared in aCcd•e 1th th• Church's govenxng Ihxument. t Charities and Trustee Investment IScthland} Act 2005. the Charities A¢xounts {Scotlandl Regul8lion5 2008, FRS 102 'The FancIal Reportln9 Stsndard appltable in Ihe UK and Rewbljc of Ireland, and tho Chorib'es SORP Accounting end Reporting by Chanb"es.' Statement of Recommended Praetiee applubl& to charitie$ preparin9 thr accounts in accordanc wtth Fmncial RepDrtir¥J Standard applie4bl• in th• UK and Republic of Ireland IFRS 1021" The Church is a Pubhc Benefit Ety 88 d&fin•d by FRS 102. The fingnGial slalemenls are prepad in sterlng. vthich 1$ functiongl currency ol tho Church. Monotsry amounts in these finarKial 8talemenls are rounded to the neafe81 £. Th8 finanual statemerrts have been prep8red under the historical cost convention, modffied lo indude Iho revaluation of freeh¢Jd properties and lo Nlude wivestment proFerties arKI certain finand•l in8tfum8nls al fair value. The prln¢ip81 accountirvJ pdicies are set out beknw. 1.2 Golng conc•m At the lim? of approv9 th• financial sl•teAn•nls. the 'Tk Seswn m•mb8rs have a r•#$onabl• expectalSon Ih•i th• Church h•s 8dequete resources lo in operatv)n•l exislenc• ts the fornse8able ftrtLre. Thus the Kirk Session members continue lo a&)pl th wrvj nCern ba815 of Kcountiny In preparing the fin8n¢i81 •tat•rn•ntS. 1.3 Chirltsbk fund• Unreslricled fund8 are available far use at the d18rniTh of Ihe Kith Se681Dn members In furtheran¢o of tar ch8ritable objectives. Reslricled lunds are subject lo Spear eonrfrt by donors ci grantors as lo how they may used The purposes and uses of the restricted funds we sel out the rntes to the finanoal stattmnts. Endowm•nt lund$ •r• iLj•¢t lo ¥¢ffic condrtn$ by doncY¥ that the ¢aptsl mu8t be malnlained by th• Church. 1.4 Incomo Incom• 18 r•cow18ed when the Church is legalty entitlgd to rt after Y porffMn wnditions have bee mel. the amoun18 cw be measured lIay, arrtl It is ycthbte Ihat kncome will be received. Cesh donallons are recrAJnised on receipt. Cther th)n8ti we rec<wlsed once the Churth h08 been lffi?d of the donation. unless perforni8nce conditws rewire delerr81 of the amount. IffMe tax recoverable In elatn lo dwtion5 recwve(I er GfftAid Of deed5 of coverwrt is rxogNsed at th9 I'me ofthe donation. Legacies are reEogni8ed on ieEeipl or othewse rf Ihe Church has teen nCrd d an impendiThJ di5tn'bulion, the amount Is known, receipt is expected. W the amc4Jnl is not kr. the ga¢y 1$ treated as a ¢ontingenl 8ssel. 10-
WEST MORAY CHURCH OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS {CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng poUGles IContlnu•d) 1.5 ExpendStur• Exporbditur• Is recognised once Ihere 15 a 81 or Constr obligation to Iransfef economic benefft to a trd party. il is PrOle that a transfer of eccmmic l)eneffts will té requirwj in settIennI, and thg amount the obligation can be measured reliat4y. Expenditure is classified by ath'vy. The costs of xtivty are mode LP of the total of dIrt costs and shared costs, including supwrt costs Invo in mdortaking actsvty. Direct $ts attribul&t40 to 8 Slngle actlvity ar6 located directly to that xtivty. Shwed costs whbch eonth"bLrte lo more than one athity an¢J 8upport co81& wlMc are not atthbut8ble to a slngle aclNity are 4ppthon8d betymen t0 xtivM88 on M ba&$ n¥l¥tenl wth the use of resources. Centr•l $laff costs 8re alkxatad r)n tha basis of time Spent, and deprety'ation ¢harge$ are alocated on th8 porti1 of tm •MeYs use. 1.6 T•nglbl• flx•d u••ts Tangible fixed assets are inibalty m•asur8d At cost and subsequtlY $10 at cost or vaatiOn, n•1 of d6yeclatlon and any Impaimient k)8S•S. Depreryetion is reccgnised 80 •8 to writ• off th¢ cost or valu•tKm of 888•ts their resldu81 vglu¢B over thelr Uj1 lives on the loll(ywbng ba8•8'. Freehold land and Iik$ing$ Plant and owipm•nt 50 yw• 8tralgM 20% r8ducing bAl•nce •nd 25 straight Ine The galn or kts arisiw on Ihe di8posal of awt IB detffimin •8 the diffr¢t btheen the 8alo proc•ed8 and th¢ (xnylng value ol the Mi•l, •rrtl o rwnised in the 8lal•m•nt of fiMndAI actlvlties. 1.7 H•rgI au•ts Al the bglonce shgel date Wesl Moray rch of Scot[j hdds the property of the preoxigling churches cf St L•urerbce Crch, St Leonard5 Church. Alv68 Clvjfch, Burg1 Church. Dalla5 Church, Findhom Church, nlo8s ChLJrch and R$fford Churth The valJe of these wop¢rti8s we inalwabl• and th•refwe •r• not IrJea in the finarK4al 8wtyn•nt•. 1.8 Flx•d •M•t Inve•tm•nts Fixed as$81 investments are initially meaJur¢d at transactkm prke exling transactlon costs. 8nd ar? subsequenly measur&J 81 falr ¥alu8 al each rerotYKJ dale. Chang&s in fair value afe wnised in nel inGornellexpendlturel lor the year. TnsIk $11 are exn8¢ 8$ incurred. 1.9 Impalnn•nt of flx•d At éach rewrtg end date. the Chwch review3 the cwrying amounts of 115 lar8ibk9 assets lo determine whether tttere 1$ any indic81ion thot those ass8ts have SLrffwed wnpainnenl loss. If any 8uch Indrglion xists, the r8cover8t4e am01 cl the a$59t is estimated in order to deterrnir extent ot the impawm•nt loss lif any). 1.10 Cash and ca•h •qulv•hTrts Cash and cash •quvalents inc]Le cash in hand. ¢W8its held at ¢811 with ks, omer stKrt-lem liquid inveslmenls with original maturities of three mwlhs cf 5, ar¥J bank er(IT&. Bank overdrafts are shown within borrowiNJs in current lbilities. B•sk fftMncl•l•ss•ts BaTK finan(a81 assets, whh include debt0 and cash and bank b81anr4s. arg iNtially mèasured at transaction indufling tr8nsaction costs and are Subsoquènty ttled 81 amortised c051 using the effective Interest method unless Ihe arrangement cortstilLrtes a transaction, where t transaction is m6asured al the present value of the fvture recwpt5 dIscnto at a mgrket rate of interest. Financial assets classrfie(l as receNable within one year gre not amorti5ed. 11
WEST MORAY CHURCH OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng polki•# (Continued) 8•51¢ lirwi¢i•l li•bilitieJ B8$i¢ fin8n¢id liilth"e$. including ¢Teditors and bank loans are iNb"ally re¢ogni8ed al transactKsn price unless the arrangement C$'tu18$ a finanan9 trSactiOn. wtsre Ihe debt instrument 15 measured al the preaent ye of tho future payrnenls discounted * a rnwkel rate of nterest. Financial liablrties d85$ified as payable wiihin one year are rK)l aMOrti. Dtbl knslruments are subslquorrtty ¢rrid at •mC11 ¢ost. the efféctive intete8t Tate method, Trjde creditors are Obligatns to pay for gc(rfls or ser¥iceB Ihat have been acquir8d in Ihe OTdinwy COLxse of owationJ from suppliers Amounts payable are classffied a5 rrent liabilitEs if payment is due wlhin on? year or les5. If not, they are SeIe£l as norFcurrent I1les. Tr uedrtors are recow18ed Initially at Ir8n$8Ctlon prteè 8nd su1quenty m6•sured 8t Klse{l eo8t u$NJ Iho effeclive irern81 method. D•r•cognlllon of fln4nel•l Il•blllU•s Fin•nci•l Iobllilws are dereo>3rM8•d the Church's contr1 obllgations expir8 or are diJth•rged or cCelle. 1.11 EmployM b•n•frts The cost ol any unu8ed hdklay errtrtloment 16 r•cwrM8•d in the in ¥thich th8 amploy8e'8 8eNIL¥s org rtc4ived. T•rmln8llon beneffts are recognised immwtialety M an exwnso when the Church 1$ demonstr•bly ¢omrnltted lo lermlnate the ¢mployment of w enWoye8 or lo provide terninath'on benefits. 12-
WEST MORAY CHURCH OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income fvom donatlons and hgacl•8 Unrn•trlctsd RMtrlct•d T(btsl UnrnBtrfct•d Rethctod fund• funds fund8 2024 2023 2023 Total 2024 2024 2023 Donation8 and 9ifts Grants ChUh guild 753.809 12,329 52.899 765,938 52.899 64,127 2,208 205 64,127 2,208 205 753,609 65.228 818.837 66,540 e6,540 Donatlon• and glfts Donations and gfts received Contributied frtyn FKeviou8 church•8 97,101 97.101 64.127 64,127 858,508 12.329 668.837 753.609 12,329 765,938 64.127 64.127 Grnnts VAT recovery grgnl Communfty and Renewable Energy S¢8me Gr8nlScApe Scotlor 2,208 2.208 41,574 11.325 41.574 11.325 52.899 52.899 2,208 2,208 Income from Gharltsbh 4¢tfvitl•• Unmtrl¢t•d Unr•JtrlGt•d fund fund• 2024 2023 Church actfvitl INeddings and knerals Use of premises Other ch81ilgble inec*no 5.045 17,602 46,403 2,400 518 89,050 2,916 13-
WEST MORAY CHURCH OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Incom• from InYe81ments Unrnstrfc¢•d Re•trkt•d fun¢ts funds 2024 2024 Total Unr•stri¢ted Re5tr1ct•d funds fundi 2023 2023 Tot•1 2024 2023 Inter88t receivabje 18,024 1,373 19,397 26 28 Oth•T Incom• Unrutrl¢tsd UnrtrIcted lunds fund• 2024 2023 Net gain on di8PO801 of tarsibh fix•d aBsets 440.oc The other income relate8 to th• procééds from of lh8 St Leonard's manie vthi¢h w•s by th• Ger•I Tru$le•i of th• Churth of ScotlwKI for the Churth. 14-
WEST MORAY CHURCH OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THEYEAR ENDED 31 DECEMBER 2024 Exp•ndltuv• on chaTIL•bl• actmo Church actlvttles 2024 hur¢h •ctlvltles 2023 rect co•ts Depreciation and impalnn8nt Glvinp lo Gr *loc4tion Minl$lèrf8 expenses Prestyery duas Other staffing costs PrintiNJ and &gv•rtl8kn9 other oxpenses Insurance Heal and liglrt coun thx Fabric myirl arvj maintenance Spadal Clon$ Holld8y meals and warni place Chlxch gulld expenses other ¢harltable expenditure 18.768 2,807 3.069 2.394 16,773 404 9,068 24,449 45,264 3,096 25.767 3,712 24,161 2,982 4.880 485 287 10,068 6,912 19,34D 27 1.891 550 2212 23 S,445 250,159 75,738 Shar• of Support •nd 9ov•rn•nc• cos1• (••• n¢)t• 7} Gov¢man 10.500 280.659 75,738 An&ly•l• by fund Unrestrict•d fijnds Restrlcted funds 260.659 75.402 336 260.659 75,738 Support tosts •locat•d to actlvttles 2024 2023 Govemance co 10,500 Analy88d b•tw••n: Churth acti¥rt 10,500 15-
WEST PaORAY CHURCH OF SCOTLAND NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs •llocat•d lo acllvStl•s {Contlnu•d 2023 Gov•rnaThc• Costs comprlse: ALxIit fa•6 ACConCY 7,750 2,750 10,500 N•t movement In fund• 2024 2023 The net mobment Sn fund8 8tAt•d 8ft•r thaffJl@{endlh'ng}.' Fees payable lo the ch8Ty's au(tor'. . for the audit of the ch¥rills fmano'al 8i•tem¢nts . for olhw financial Bervices DgFY8ciation of ovmed langibb fixed asBets Profil on dl•po••l of t•n• fix•d aswts 7.750 2,750 18,768 1440,WO) 3,712 Klrk S•Mlon M•mb•rn None of the KieK SOl0n members lor any p•Tror connèrl•d with tmI rKoNed any romuneration or terwfits from the Church during th¢ year. 10 Employ••• Th¢ ov¢rag? mcthly number of ¢mOoye•$ ¢uMq Ihe yew W.. 2024 Numb•r Z023 Numb•r lrtlud•d in oth•r 8taffiw is £4.372 Mid PAYEINI. Tnere were no empbyees whose annual remuneratson wag mcKe than £60.00D. 11 Gin and l¢sM on lthf•tm•nts Unvestrlcted Re5tr1cted fvnd¥ funds 2024 2024 Totsl Unre5trted R•strlct•d funds lunds 2023 2023 Tot•1 2024 2023 GairlI1055e5I 8ri9ing on". Revalu*ton of investmen15 32,414 173 32.587 .16-
WEST MORAY CHURCH OF SCOTLAND NOTES TO ThE FINANCIAL STATEmEs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Taxatlon The tharity 18 ex¢mpt from tsxation its adiwts l)•tause all ils #pplièd ffi)r ctsable purposes. 13 Tanglbh flx•d •u•ts FT••hold land Plint•nd and VMFxn•nt T*)tsl Co•t At 1 Jgnu•ry 2024 Additions 18.560 63.752 18,560 446,719 382,967 At 31 DeC•mr 2024 382,967 82,312 485.279 D•precllltlon and Imp•lmMnt At 1 JaNary 2024 Depreclatlon dwrged in the year 3,712 11,109 3.712 18,768 7,659 At 31 D0mber 2024 7.659 14.821 22,480 Carrylng •mounl At 31 Decerrt)er 2024 375,308 67,491 442,799 At 31 Decem1 2023 14,848 14.848 14 Flx•d u••t lTrvMtm•nt¥ Unll8t•d Invutments Colt or v•lu•tk>n Al 1 Januwy 2024 Additions ValuathM ch•tyos 556,81 S 32,588 Al 310¢¢ember 2024 589,401 Carylng amount At 31 De¢embef 2024 589,401 At 31 DecembeT 2023 15 Cr•dltor•: amourts falllng du• wlthln on• y•ar 2024 2023 Accru81s and deferred iicom¢ 10,600 17-
WEST MORAY CHURCH OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Restrlcted fund¥ Th8 festricted fLmOs of the chartty Iho yded balae$ crf donations and grts hebj C trust s'eCt to speufK ccd1.rs ty doncws as to how ttw may be used. Al 1 Incomlng Resourcw Trnn8f•ra G•ln8 and January resou1¥ •xp¢nd¢d 2024 At31 Dec•mber 2024 Andèr8()n TruBt Mclntosh and Kinn4ird Tru8t Dallas Reslricted Bank Rafford PA System Rafford Restrid¢d Bank Sl LardS Y(xrth Sl Leongrds Restricied Bar Kinloss and Finthom N8tfjonal Lottery. music furKI Granl8cape Scodand Ltd- Klnkn88 Church and H811 double glazing Community and R•newabl• En•Tgy Sd)•me Communty and Renewoblg Energy Scheme. Injulation and C8lhedral Wndows Finthom Church Refvrbi8Mxnt Fund 294 3.491 10 1,029 4.841 1,OS2 736 10 304 3,654 {101 11,0291 14,8411 11,0521 (7361 1.395 11,3951 11.325 11,325 23.053 {9401 22,113 18.521 13,7041 14,817 854 854 88.001 113.707} 173 53,067 Pr•vlou• y••r: At 1 In¢omlftg R••our¢•s Thn•f•rn Galn• and At31 J•nu•ry r•¥ourc •xp•nd•d lo¥8 D•cemb•r 2023 2023 Speaal colleclions CommuNty support fund 27 1271 13091 (3361 18-
WEST AIORAY CHURCH OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 RMtrkt•d funds IConllnu•dl R•8tncted funds irKILKIe- Th1$ represents caprtal held in the Churth of Scdand Investors Tru Inc)me FuTrJ. The Intwe8t is avallable for l¢)¢al 8pec4al needs in the parish IrfAI¥8s. Thls f8presenls capitsl hèld In the Church of ScotlwKI Investors Trust Inc(xn• FurKJ. The interest is avaAabl for local speclal need$ in the psh ol &d. Appeal In 2018 to upgrade the 8ourKI sy8l•m in Raff0 Clwrth. Resldual funds u for soft fvrrishlngs. R6pre$ents the b48nce of funds ¥•d for youth work. Curythty in ab•yance. For the purch•se of music4 inslrumenlB These We three separate propcls sdar panels. insulation and ChgUr81 ndowS almod al •nergy conseNalion of the Ki055 C)rCh, hall suite and mwb80 Iik11ngs, with the holp of grant gthemes vknere the 9Tants are being release¢J lo the Staterne d finwKiJl •th'vIt at the rate the •88et• are belng depreciated. This contains the rgsidue of moneys gNen for tho rèfurbi8hrMnt of tts FIndIrn Church, A18rge legacy was restricted to thi8 fund and the remaining fJal8n¢e ryI rèwir• lo be fepaid lo the execLAors of tth's 0$1+ on the community ha8 conyltt•d Ihe PUTthase ol chLKch buildirwJ. AtMUlated 1nter•T*l is held by Vlts•l Moray Church of srnlld in a re8trki•d fvnd. 19-
WEST MORAY CHURCH OF SCOTLAND NOTES TO THE FINANCIALSTATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 17 Unr••trlct•d funds The unr85trid8d of the charity comw'se tr unexwrthd b•lanc8s of donations and grnnts whieh •fè not subject lo speufi¢ cdit)n5 by (Or$ arnl grantcffs as to they may used These indude designated funds vthich have been set 8sKle tyjt of lestriCte¢l fiJnd$ ty the trustees for SpfiC purposes. At I Incomlng R•SOV¢• Transfevs G•lns and At31 January vesouTcH expended los•M D•c•mb•r 2024 2024 Aves & Bwead Guikj D811os Sunday Schc<l Raffor(I Sunday School Sl Leonards Fabr Fund Findhom and Klrdo$8 F•bn¢ Fund nlo88 Hall Management Findh(xn Development Sl Laurence Fabryc Fund Sl Laurence Fwer, Oryan Gud Funds Sl Laurenee Commun Support Fund Gon•ial fvnds 29 1291 11,6441 18231 14,867) 823 4,667 7.878 13.200 14.034) 17.8781 113.2001 4.034 1268} (1981 1.746 11,748> 7.582 32.639 1.246.682 12.2111 (258250) 15,371) 45.299 32,414 1,098,784 32.639 1.280,683 1260,6591 13.707 32.414 1,098,784 Pr•vlou• y••r: At 1 Ineomlng R••OUr¢ TMnsf•v• Gain& an At31 JInry r••ourc•8 expended 10s5•• D•e•mb•r 2023 2023 Unre¥lricted funds 38,559 69.482 175,4021 32,839
WEST MORAY CHURCH OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Unr••trlcled funds IConllnu•d) Thos• aro th• unrestricted funds wluch we free to be uted fLY whakn PUTPO8t. Guild orw unt61 SprknJ 2023. Fund8 are ts •Jer Churth d Scotland Guild and bcal felk>wship. Historic fund avalable rf Sund•y Sehod strKMJkl rnstsrL Hi8lorf¢ fvno •v•labkn if Surthy SC1K sPthld r•8tart. Fund designated for repatr and martenanc• of tl11a$. Fd dognated tor repair and mainlenarKe of trAMldry•. Furvj 8s¥lmllated Into G•nwal Fund prlor lo unlon d inynding cbsure of Findhom Churth. Fund and Ac¢ounl identsfylng Income and ExFrKIItUf• r¢loled lo thè ec4nmLmity Klnloss Churth and link•d room8. Fund Erealed before Findhom Church was scduW for lisposal. Only item n(yw link•d is the Wu•Jl, th8 C4Prtal ol whKh is hekl in the Chur¢h of Scouand In¥98tor6 Tru•t Inc¢me FuThJ. Incom• i• h•ld locally in Restricted Fund. Used for repa¥ and mainiononco of ChLrch arKI manee. U•fj(188 • r¢rye lurKI rf regldar su1#Y IINW ¢S)nrkns r¥)t received. Money6 received from Lgg8ci08 {memcrflaD (x acb¥th••. Available as 'siart-up'. Laltedy only refiocting Youth Fund8 The organ pipès need regular S61¢•ng arKI LKcasional more oxtensive wNk. The Guikl was an auloncmous group under the 9uidanc of Ihe Churth ol SeotlaThl Guild 18 rw defunct Currently txoviding o monthty hot meal in a w•rni tsu11. No charge but denatrorts excee¢Jing experyjilure, Inilalty a Restricted Fwd bLrt now D88wnated as Pl8 in St Laurence IrMti"atfve Fwrfl. -21
WEST MORAY CHURCH OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 18 Analy81s of n•t asa•ts b•tw•èn funds Unvestrlcted R•strkt•d funds funds 2024 2024 Total 1024 At 31 Dec•mb•r 2024: Tanolble assets Investme8 CLwrgnl asselslllabithtiesl 401.225 589.401 108.IS8 41,574 442,799 589,401 119.651 11,493 1,098,784 53,067 1.151,851 Total lund• 2023 funds 2023 2023 At 31 D•G•mb•r 2023: Tangible 88sets Cwrenl as8el8lllabilti•81 14.848 17.791 14,848 17,791 32,639 32,639 19 Capllal commltsn•nl• Amount¥ contraded for bul not prowded In t fin8rK411 sl•temeth'. At the year end, 11 had been awd to fft doufjè g1o2iNJ in St L8ond's thurch hall 6Llecl lo Presbytery agreement. 20 R•lat•d party trnn••ctlon• There were no (8clOSab relate(I pwty Iransocb'on$ durirvj the yrI2023- none}. 21 Conymrnllyo figur•• The comparatives are Tt comparable as this yea¢s figur8s rolaie io lh8 figures for 6 churcho$ %thi181 last year'8 figures relate l•lY to St LaLrnncè Parish ChLYth of Scotland. 22 Organlsatlonal Structuve Tfe Wesl Moray ChurL of Scotland are iwyptyaled m the a¢counts of the Churth of Scotland.
WEST MORAY CHURCH OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS {CONnNUED) FOR THE YEAR ENDED 310ECEMBER 2024 Ll Cash g8nerat•d fnJnV{hort••d by) op•rallo 2024 2023 SurplLwJldefiull for th¢ #r 1.119,213 16,2581 AdJu¥lm•nts for. In¥tment income recognised in statomert of finKK491 aclivilies Galn on di8P)8•1 Of t•n¥tyt fixed assets Fair value gain8 and losses on Investments Depreciation 8rKI impairmgnt of t•n9ibkn fixed assets (19.397) 1440,000) (32.5871 18.768 1261 3,712 Mov•m•nts In capft•l: Increa8elld8crease) in cnditws 10.600 13.272) C••h g•n•rat•d Iromf(•0rb•d by} op•rntlorA 6S6,597 16.8421 24 An•1 ol ch•ng•• In n•t fund• Church had no mat•rbal d•bt year. 20 Mlntht•fi •tlp•nd All Church of Scotland Congregats conthtarte to Ihe N(ThI st1pd FurKI thich beaT8 the costs of all mini8t•rs' sts"p8nds and employers contributions for national InsuWl. ponsion ar houslng and loan lund. MinlBl•rs' 8tynds are P8K% in acrdSnce 7hith thè nationol $ty8nd 5rale. whkh is rel•t•d lo yoars of 8orvlce. Fe¢ tho y•ar under rnview the minimum st1pd wa6 f28,700 •nd tr rnaxlmum 5tsp•nd in 5th •nd Iubsoquent years of Servi was £35269. 28 Coll•ctlono lor thtrd p•rths ColloGtions for third parties InUded. 2024 2023 Crossrea¢h Leprosy Mi88ion Eart Haig PoppyApp•al (R•Membrar service In St Lwnwds} 300 200 100 27 Non4udll •ervlc•• pmld•d by •udllor In common with many other bu%ne88es of cr size WKI natwe, w• use auditorn to a¥$t wlth t pleration of the financial statèmnls.
WEST MORAY CHURCH OF SCOTLAND APPENDIX FOR THE YEAR ENDED 31 DECEMBER 2024 FUNDS HELD BY ThE CHURCH OF SCOTLAND GENERAL IRUSTEES FOR THE BENEFIT OF THE CONGREGATION 422322 W••t Ilorny Consolldatod fabrlc Fund 2024 CAHTAL ACCOUNT Crldié balant•s hdd at 31 D•c•th al eost Morkel value ol balan¢0$ al 31 O•¢embor REVENUE ACCOUNT Cr•dil balance at 31 D•c•mbef TEMPORARY ACCOUNT Credit b•lan¢• 0131 [knMb Indfvkluil Fund Purpo••: 2024 EXPENDABLE Cr•dil balar8 h•ld at 31 Dtt•mb•r at CO8t M8rket Value of balance8 8t 31 Decenknr PERMANENT ENDOWMENT Credrt b•lonces held 8131 Oecertr at C05t Market value of balances at 31 DeGembef -24-