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The Church of Scotland

GRANGEMOUTH ABBOTSGRANGE CHURCH OF SCOTLAND

Year ending 31“* December 2023

RECEIPTS AND PAYMENTS ACCOUNTS

Registered Scottish Charity Number SC000775 Congregation Reference Number 221355

—OO—E SeEO ——

GRANGEMOUTH ABBOTSGRANGE Church of Scotland

Registered Scottish Charity Number SC000775

Contents of the Financial Statements for the year ended 31“' December 2023

		Page
Reportofthe Trustees		1 to4
Independent Examiner’s Report		5
Statement ofFinancial Activities		6
	:
Statement ofBalances		7
Notes to the Accounts		8 to 11
Detailed Statement ofFunds		12 & 13
(Pages 12& 13 do not form part ofthe			f
statutoryfinancialstatements).

GRANGEMOUTH ABBOTSGRANGE Church of Scotland

Charity Registration No. SC000775

TRUSTEES who served throughout the year: - Kirk Session Members

TRUSTEES who served | ofthe yearonly :-

Bankers: Virgin Money trading as Clydesdale Bank PLC Bank of Scotland PLC 1 Bank Street La Porte Precinct Falkirk . Grangemouth. FK1 INB FK3 8AS

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GRANGEMOUTH ABBOTSGRANGE Church of Scotland. Trustees Annual Report Year ended 31% December 2023

‘

Structure Governance and Management

Governing Document

The Church is administered in accordance with the terms of a Unitary Constitution.

Recruitment and Appointment of Trustees

Kirk Session Members are Elders of the church and are chosen from amongst those members of the church who are considered to have the appropriate gifts and skills.

In general, the Minister, who is a member of the Kirk Session, is elected by the congregation and inducted by the Presbytery. As we do not have a minister, we are blessed with an Interim Moderator who is appointed by Presbytery until a new Presbytery Mission Plan is approved.

Those members of the previous Congregational Board have continued in roles showing the skills and commitment to ~ contribute to the management of the fabric of the church, although they are no longer considered trustees as we have implemented the new Constitution from the Church of Scotland.

Organisational Structure

The Kirk Session is chaired by the interim Moderator and met regularly during 2023, to consider all aspects of church life as required under the unitary constitution

Responsibilities are delegated to the Finance and Property

Committees as appropriate.

Risk Management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. .

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.

Sunday Service

Abbotsgrange Parish Church met for worship at 10.30 a.m. each Sunday, conducted by various skilled and dedicated members of our Christian community and these services were also available online. Our choir continues to lead the praise each Sunday under the guidance of our organist{iJ who also attends to the musical requirements at funerals and weddings etc. We celebrate the sacrament of Holy Communion four times per year. Members of the congregation were greeted at the large door during periods of worship by a trained team of volunteers.

General Management Creche Facilities, Sunday School and Bible Class (ABC team) were not available as there are few children attending each Sunday.

Protection of Vulnerable Groups (PVG) is administered

Kirk Session appointed i our Presbytery Elder. Each Church organisation is appointed two liaison elders who report to the Kirk Session annually and provide the link between Kirk Session and the respective organisation, ensuring all requirements are being met.

Joint services were held with our sister church, Zetland Parish Church, in the town on the first Sunday each month to support and promote working together, and ecumenically with other churches at various times throughout the year.

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vo a?

GRANGEMOUTH ABBOTSGRANGE Church of Scotland.

On Eee

Report of the Trustees for the year ended 31“ December 2023

FINANCIAL REVIEW

Reserves policy

It is the Trustees' policy to hold reserves of approximately six months expenditure including restricted funds. Surplus funds are invested in COSIT Deposit Account in order to provide a reasonable return on the capital.

At the year end the church held unrestricted funds of £7,381.

The church held £88,119 of restricted funds which have been provided for the purposes specified in note 2.

Due to the restrictions placed on the Church due to current Mission Planning directives, only very limited maintenance necessary to keep our building wind and water tight has been" carried out during this year.

The organisations attached to the church retained £56 in a bank account to be utilised for the purpose of their activities.

Principal Funding sources

Funds are principally received from the FWO scheme, Gift Aid donations, open plate offerings, donations and retiring collections etc, and interest received from investment and bank deposits accounts.

Open £3,541.2 increased 15%

FWO £8,854.50 decreased by 7.5%

Standing Orders £18,815.80 decreased by 15.5%

The Gift Aid Tax reclaim on qualifying offerings for the year end 2023 is still outstanding, awaiting a response from HMRC.

2023 Giving to Grow

Gross	£31,716
Less endowment Income	£ 382
Less PresbyteryVacancy allowances	£11,196
Net	£20,138
2024 Giving toGrow (Projected)
Gross	£28,135
Less endowment Income	£ 378
Less Presbytery Vacancy allowances	£11,196
Net	£16,561

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GRANGEMOUTH ABBOTSGRANGE Church of Scotland

Trustees Annual Report Year ended 31“ December 2023

Achievement and Performance

There are at present two hundred and fifty- four members on the electoral register. The following list comprises what would be normal during the year. The Girls Brigade meet every Tuesday from 6pm. From August to May. The Wednesday Coffee Club meets each Wednesday from 2:00p.m.

Boys Brigade Sections meet every Friday from 6pm. from August to May. Zumba classes meet every Monday at 6pm.

In addition, we have a band of willing volunteers who meet on an as required basis to oversee remedial works to maintain the fabric of the building.

In all cases the Safeguarding policy is strictly adhered to. ~

Statement of Trustees Responsibilities

The members of the Kirk Session must prepare financial statements which give sufficient detail to enable an appreciation of the transactions of the Church during the financial year. These members are responsible for keeping proper accounting records which, on request, must reflect the financial position of the Church at that time. This must be done to ensure that the financial statements comply with the Charities and Trustees Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 and the Regulations Anent Congregational Finance approved by the General Assembly of the Church of Scotland 2007. They are also responsible for safeguarding the assets of the Church and must take reasonable steps for the prevention and/or detection of fraud and other irregularities.

Approved by the Trustees and signed on their behalf. ‘

Sessidn Clerk

pate: SO” Sealeinlhe:LOA

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GRANGEMOUTH ABBOTSGRANGE Church of Scotland.

$C000775

Independent Examiner’s Report to the Trustees of Abbotsgrange Parish Church.

[ report on the financial statements of the charity (SC000775) for the year ended 31“ December 2023 which are set out on pages 6 to 12.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 (“the 2005 Act”) and the Charities Accounts (Scotland) Regulations 2006 (as amended) (“the 2006 Regulations”).

The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the 2006 Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the 2005Act and to state whether particular matters have come to my attention.

Basis of independent examiner’s statement

My examination is carried out in accordance with Regulation 11 of the 2006 Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning 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 accounts. .

Independent examiner’s statement

In the course of my examination, no matter has come to my attention: =

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 Regulations, and
e to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Regulations have not been met, or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

bate.%) Satin ber JOLY

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GRANGEMOUTH ABBOTSGRANGE Church of Scotland.

Receiptsand Payments Account Year ended	Receiptsand Payments Account Year ended	31 December2023	31 December2023
		Unrestricted			Restricted
		Funds			Funds		TOTAL				TOTAL
			2,023		2,023		2,023					2,022
		3		£	£	ra	£	£			£			£
Receipts (see Note3)
Donations		35,792			-		35,792				47,913
Activites forGenerating Funds			-		-		-				11,164
Investments			-		907		907					-
Fabric			1,240		12,317		13,557					“
Legacy / Others			477		437		914				16,970
SubTotal				37,509		13,661			$1,170					76,047
LadiesCircle			8,600		-		8,600					4
				8,600		5							zn
TOTALRECEIPTS				46,109		13,661			59,770					76,047
Payments ( seeNote	Note4 )
Cost of GeneratingFunds CharitableActivities		119 47,093			-		119 47,093				15] 64,003
Fabric Projects SubTotal		—___2.35	2.35	49,347		-	—__2.135		49,347		—_4,349	4,349		68,503
LadiesCircle		______8,600					______—8600
SubTotal				8,600		-			8,600					:
TOTALPAYMENTS				$7,947					57,947		bis			68,503
EXCESSRECEIPTSOVERPAYMENTS				11,838		13,661			1,823	-		-		7,544
												3
TRANSFERS	NONE

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Grangemouth Abbotsgrange Parish Church Statement of Balances At 31 December 2023

		Unrestricted	Restricted	Endowment	Endowment
		Funds	Funds	Funds		Total	Total
		2023	2023	2023		2023	2022
	Note	£	£	£		£
Bank& Deposit Balances
Bank& deposit balances			£19,219	£74,458		£0	£93,677
brought forward							~
Movement in year:
Excess ofReceipts over Payments forthe year	2	-£11,838	~ £13,661		£0	£1,823	£7,544
Bank& deposit balances
carried forward		£7,381	£88,119		£0	£95,500	£93,677
Investments at market value
(cost£235,942.00)	3	£0	£250,085		£0	£250:085	£240,958
Assets
Gift Aid Receivable (Unknown at time ofwritin;	4	£0	£0		£0	£0	£0
Liabilities
Costofrepair not yet billed	5	£0	£0		£0	£0	£0
TheaccountswereapprovedbytheKirkSession	SessionandFinancialBoardon			on«0	SeaternbevO,ly
For and on behalfofthe Kirk Session and Financial Board
			Session Clerk
			Treasurer

==> picture [14 x 11] intentionally omitted <==

----- Start of picture text -----
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GRANGEMOUTH ABBOTSGRANGE Church of Scotland

Notes to the Accounts for year ending 31st December,2023.

1 Trustees Remuneration and Related party Transactions. Ministers Expenses Travel £nil Manse Council Tax £0

Telephone/Broadband/Zoom Enil

No remuneration was paid to any other Trustee during 2023, No Trustee or person related to a Trustee had any personal interest in any contract or transaction entered into by the charity during the year.

2 Movement in Funds

==> picture [481 x 308] intentionally omitted <==

----- Start of picture text -----
Unrestricted Funds At 1 January Incoming Outgoing At 31 Dec.
2023 Resources Resources 2023
£ £ 2 £ FE
General / Fabric £19,219 £37,509 £49,347 £7,381
Ladies Circle £0 £8,600 £8,600 £0
Total £19,219 £46,109 £57,947 £7,381
Restricted Funds ,
Kirk Session £11,164 £6,274 £0 £17,438 - F
Union Fabric £4,087 * £7,242 £0 £11,329
Flower £928 £15 £0 £943
Creche,Sunday
School & ABC £3,881 £35 £0 £3,916
Choir & Organ £621 £27 £0 £648
Res Stipend £3,777 £68 £0 £3,845
Cosit Deposit -
General & Fabric £50,000 £0 £0 £50,000
Total £74,458 £13,661 £0 £88,119
Total of Both £93,677 £59.70 £57,947 £95,500
----- End of picture text -----

correction to 2022 end figures

Purpose of Restricted Funds.

Kirk Session

Union Fabric Flower SS, Creche & ABC Choir & Organ Res Stipend Cosit Deposit - General & Fabric

To provide charitable donations through special collections and Minister's discretion. To provide funds for major fabric repairs. Maintenance & improvements to the buildings.. To provide floral displays during services of worship. To provide funds for the Sunday School ,Creche & Bible Class (ABC). To provide funds for the purchase of Music & Hymnaries For Stipend purposes

To provide good deposit interest rates returns to support the works above

GRANGEMOUTH ABBOTSGRANGE Church of Scotland

Notes to the Accounts for Year ended 31st December, 2023.

==> picture [503 x 616] intentionally omitted <==

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |4|Analysis|of Payments| |Unresticted|Restricted| |Funds|Funds|TOTAL|TOTAL| |2023|2023|2023|2022| |£|£|£|£|£|£|£| |Cost|of Generating|Funds| |Offering|Envelopes|£119|£0|£119|£151| |Sub|Total|£119|£0|£119|£151| |Charitable|Activities| |G|to|G/|Ministry|&|Mission|Allocation|£31,716|£0|£31,716|£37,141| |Less|Presbytery|Allowance|£11,196|£0|£11,196|£11,316| |Less:|Endowment|Income|£382|£0|£382|£382| |Net|Sub|Total|£20,138|£20,138|£25,443 ™| |Presbytery|Dues|£925|£0|£925|£1,507| |Minister’sTravel|from|dec|2021|£0|£0|£0|£80| |Pulpit Supply|£2,664|£0|£2,664|£2,519| |Manse Telephone, Broadband|& Zoom|(BT)|£0|£0|£0|£64| |Organist/Salaries|£2,400|£0|£2,400|£1,800| |Presentation|£0|£0|£0|£489| |Insurance and|Rates|£3,330|£0|£3,330|£3,014| |Heating and|Lighting|(includes manse figures)|£5,356|£0|£5,356|£3,678| |Printing and|Photocopier|£556|£0|£556|£546| |Cleaning|Sevices|£6,669|£0|£6,669|£6,042| |Church|Music|£1,189|£0|£1,189|£214| |Kirk Session|£450|£0|£450|£o| |Appeals|£2,667|£0|£2,667|£1,435| |Wreath|£102|£0|£102|£99| |ChristmasFlower|FundTree|£145£0|£0£0|£145£0|+|£140£0| |Sunday|School ABC|£0|£0|£0|£0| |Choir &|Organ|Fund|£0|£0|£0|£0|=| |Creche|£0|£0|£0|£0| ||_|Life and Work|£252|£0|£252|£216| |Sub Total|£26,705|£0|£26,705|£21,627| |Fabric|Projects/Building|Fund| |Fabric|Repairs and|Maintnance|£2,135|£0|£2,135|£4,349| |Union|(|Building|Fund)|£0|£0|£0| |Sub Total|£2,135|£0|£2,135|£4,349| |Total Church|Expenditure|£49,097|£0|£49,097|£51,570| |Organisations| |Ladies|Circle|£8,600|£0|£8,600|£8,000| |Sub|Total|£8,600|£0|£8,600|£8,000| |TOTAL PAYMENTS|£57,697|£0|£57,697|£59,570| |Governance|Costs| |Independent|Examiners|Fees|£250|£250|£250| |Other Payments| |Legacy|Investments|£0|£0|£0|£8,467| |TOTAL EXPENDITURE|£57,947|£57,947|

----- End of picture text -----

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)

GRANGEMOUTH ABBOTSGRANGE Church of Scotland.

Notes to the Accounts for year ending 31st December,2023.

5 Minister's stipend

All Church of Scotland Congregations contribute to the National Stipend Fund which bears the cost of all ministers’ Stipends & employer's contribution for Nat Ins, Pension, and Housing and Loan Fund. Ministers' Stipend are paid in accordance with The National Stipend Scale, which is related to years of service.

6 Collections for third parties

Collections for third parties
	2023	2022
Strathcarron Hospice	0	£2,000
GOPW (Talbot House)	0	£2,000
Maggie's Centre	0	£2,000
Grangemouth Heritage Trust	meh	£2,000
Seagull Trust	£2,000	0
Forth Valley Sensory Centre	£2,000	0
Memillian Cancer Support	£2,000	0
Smile train	£2,000	0
Grangemouth Childrens' Day	£300	£0
Glitter team	£300	£0
Scottish Poppy Appeal	£155	£0
GOPW	£910	£0
Youth Organisations	£450	£0
Christian Aid	£257	£135
Turkey/ Syria earthquake	£845	£500
Beancross Primary School	£150	£150
Falkirk Food bank	£350	£0
	£11,717	£8,785

7 Church organisations

The Church Oganisations operate under the auspices of the Kirk Session. They are Independently managed by an elected committee and are responsible for all financial affairs of the organisation.

The Church Treasurer or nominee conducts the annual examination and the income, expenditure and opening and closing balances are included in the foregoing accounts

Assets	2023	2022
Cash at bank and in hand
Virgin Money/Clydesdale Current ace	32,468	£14,091
BankofScotland Treasurer's acc	13,084	£29,586
COSIT Dep Fund - General	25,000	£25,000
COSIT Dep Fund - Union/Fabric	25,000	£25,000
COSIT income Fund - Union Fabric	224,647	£216,448
COSIT Income Fund - Legacy	25,438	£24,510
Ladies Circle	56	£8,625
TotalCurrentAssets	345,693	£343,260

Gift Aid Tax Relief Due - awaiting response from HMRC as at 01/04/2024

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GRANGEMOUTH ABBOTSGRANGE Church of Scotland

Detailed Statement ofFunds for Year ended 31st. December, 2023

	Appt	KirkSessionFund	2023	2022		2023		2022
	INCOME				EXPENDITURE
	Dividend/Interest LadiesCircleforChantabledonations		£16 £8,600	fil £8,000	YouthOrgsexRetiral Collections Beancross PrimarySchool	£450 £150		£0 £150
	Presentations Donations		£0 £2,251	£100 £2,221	Special Collections ScottishPoppyAppeal	£1,452 £155		£1,435 £0
	Retiringcollections		£3,165	£442	seagull trust	£2,000		£2,000 paidtodifferent charities
	uncashedcheque		£405	£390	forth valleysensorycentre	£2,000		£2,000
					memillan cancersupport	£2,000		£2,000
					smile train	£2,000		£2,000
					grangemouth children'sday	£300
					glitter team - phyllis paterson	£300
					Christmastreedonations2022 (GOPW)	£910		£0
					Presentations	£0		£339
								~
	Total		£14,437	£11,164	Total	£11,717		£9,924
					Excess /(Deficit)	£2,720		£247
	App2	FABRIC FUND
	Church/Manse Repair& Maintenance
	INCOME				EXPENDITURE
	Dividend/Interest		£659	£457	Cleaners/Cleaning Material	£75		£96
	ZumbaClub		£300	£300	WalkerFireCertification	£444		£360
	Dancers, CentralSong Studio, etc		£1,951	£1,540	‘Church - Repairs. Material/Decoration	£565		£438
					Manse-Repairs,Material/Decoration LothianHeatingRepairs /Checks etc...	£0 £862		Z1,579 £1,972
					office suiteforlaptop	£190		-
					Christmas tree/Poppy Wreaths	£247		£239
	Total		£2,910	£2,297		£2,383	as	£4,684
					Excess	£527
«
	App3	SUNDAY SCHOOL, CRECHE & ABC
	INCOME Dividend/Interest		£35	£25	EXPENDITURE	£0		£0
	Collections Donations		£0	£0
	Total		£35	£25	Total	£0		£0
					Excess	£35		£25

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'
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GRANGEMOUTH ABBOTSGRANGE Church of Scotland

Detailed Statement of Funds for Year ended 31st. December, 2023

App4	FLOWERFUND	2023	2022				2023		2022
INCOME						EXPENDITURE
Dividend/Interest Donation		£15 £0	£10 £0			Flowers	£0		£0
Total		£15	£10			Excess/Deficit	£10		£10
App 5	CHOIR&ORGANFUND
INCOME						EXPENDITURE	£0		£0
Dividend/Iinterest/Donation		£27	£18
				:		Excess/Deficit	£27		£18
								~
App &	RESERVESTIPENDFUND
INCOME						EXPENDITURE	£0		£0
Dividend/Interest		£68	£45		bs	Excess/Deficit	£68 _		£45
App7	UNION FUND
INCOME						EXPENDITURE/TRANSFER
COSIT Interest /Dividend		£12,063	£8,858
							.

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2023-12-31-accounts

The Church of Scotland

GRANGEMOUTH ABBOTSGRANGE CHURCH OF SCOTLAND

GRANGEMOUTH ABBOTSGRANGE Church of Scotland

Registered Scottish Charity Number SC000775

Contents of the Financial Statements for the year ended 31“' December 2023

Structure Governance and Management

Governing Document

Recruitment and Appointment of Trustees

Organisational Structure

Risk Management

Objectives and Activities

Sunday Service

Protection of Vulnerable Groups (PVG) is administered

On Eee

Report of the Trustees for the year ended 31“ December 2023

FINANCIAL REVIEW

Reserves policy

Principal Funding sources

2023 Giving to Grow

GRANGEMOUTH ABBOTSGRANGE Church of Scotland

Trustees Annual Report Year ended 31“ December 2023

Achievement and Performance

Statement of Trustees Responsibilities

pate: SO” Sealeinlhe:LOA

$C000775

Independent Examiner’s Report to the Trustees of Abbotsgrange Parish Church.

Respective responsibilities of trustees and examiner

Basis of independent examiner’s statement

Independent examiner’s statement

bate.%) Satin ber JOLY

GRANGEMOUTH ABBOTSGRANGE Church of Scotland.

Grangemouth Abbotsgrange Parish Church Statement of Balances At 31 December 2023

GRANGEMOUTH ABBOTSGRANGE Church of Scotland

Notes to the Accounts for year ending 31st December,2023.

Telephone/Broadband/Zoom Enil

2 Movement in Funds

Purpose of Restricted Funds.

GRANGEMOUTH ABBOTSGRANGE Church of Scotland

GRANGEMOUTH ABBOTSGRANGE Church of Scotland.

5 Minister's stipend

6 Collections for third parties

7 Church organisations

GRANGEMOUTH ABBOTSGRANGE Church of Scotland

GRANGEMOUTH ABBOTSGRANGE Church of Scotland