Lossiemouth Church of Scotland RECEIPTS AND PAYMENTS ACCOUNTS 2025 Congregation Iyo: 311919 Charity no: SC000880
Reference and Administrative Information Charity Name: Lossiemouth ChuTch of Scotland Charity Registration Number: SC000880 Congregation Referee No: 311919 Contact Address.. Mr NJ Smith LynhuTSt James Street Lossiemouth Moray IV316BY Trustees Kirk Session Rev G McKee S McSh¢ffrey Mr NJ Slllith Mr C Sfrwart Mr AD Wares Mrs J Wares Mr S Anderson Mrs R Andersun Mrs J Flett Mr P Brash Mi W Smith Mrs K Robertson Mr N Simpson Mrs J Stewart Mrs V¥, Knowles Mr E P¢trie Mrs I Kielhom Mrs L Main Retired 2025 Retired 2025 Retired 2025 Retired 2025 R¢tired 2025
Principal Offiee-bearers Minister: session Clerk Mrs S Mcsheffrey MrNJ Smith Church Treasurer: Independent Examiner Mr Benjamin Stew(lrt 17 Kinnedar Streel Lossiemouth IV316AS Bankers Bank of Scotland 90 High Strcet Elgin Moray IV30 IBJ
Trustees, Annual Report Structure, Governance and Management Governing Document The Church is adminisfrred in accordance with the tern]s of the Deed of Constitution. Recruitment and Appointment of Trustees Members of the Kirk Session are the charity trustees. The Kirk Session members ar¢ the elders of the church and are chosen from those members of th¢ church who ar¢ considered to have the appropriate gifts and skills. The minister, who is a memb¢r of the Kirk Session, is elected by the congregation and inducted by Presbyt¢ry. Until 31 Dec¢mber 2023, the congregation also had a CongregationaI Board, whose members were also charity trustees. On unification, the Unitary ConstTtution was adopted, and as a result the Congregational Board fell into abeyance, and the members of the board at ihat time no long¢r remained as trustees. OrganisationaI Structure The KiTk Scssion which meets six tin3es a year is responsible for .8piritual affairs within thc church. Meetings continued regularly in 2025. From l January 2024 with th¢ union of St James, Church and St Gerardine's High Church in Lossiemouth, the Unitary Constitution was adopted, which meant that the Congregational Board fell into abeyanc¢ and the unified church has been run by the Kirk Session and designaled committees. 'fhe de8ignated conllnittees set up in the united church covered 5 areas; Worship, Nurture, outreac Finarftce and Property and lastly Communication and Social. Objectives and Activities The Church of Scotland is Triniiarian in doctrine, Refonned in tradition and P[eSberian in polity. It exists to glorify God and to work for the adv£cement of Christ's Kingdon) throughout the world. As a national churc it acknowledges a distinctive call and duty to bring the ordinance5 of religion to the people in every parish of Scotland through a territorial ministry. It Co-opcrates with other Churches in various ecumenical bodies in Scotland and beyond. Lossiemouth Church of Scotland offers a sing]e diet of Sunday worship at l 0.30am. During the l 0.30am service. the children of the hurch attend the weekly Sunday School. The Guild meets on alternate Mondays from September through to March. 'fhe Church has a Praise Group who lead Praise Concerts usually twice in the year. Members of the church also a Bowls group in the Church Hall on Friday afiernoons, welcoming both members of the church and visitors. During 2021 and 2022 a new Presb)Qery plan was developed with th¢ outcome in I,ossiemouth being that the two congregations of St Jam¢s' and St Gerardinc's High ullit¢d using thc buildings of Sl James,. This part of the plan camc into fruitRon on l January 2024, and the united church is known as Lossi¢mouth Church of Scotland.
Trustees, Annval Report (eont) Year ended 31 December 2025 Achievements and Performance This was Ihe second year of the united Churcty and the two old congregations have continued to unite together with great purpose and desirc to make the union a success. Thc numbers attending we¢kly service in tbe old St James, building are 5(W/o higher than kfor¢ the union and members of Ix>th the old congregations gladly fulfill the roles and tasks of the united church. This is v¢ry encouraging for the future development. There are plans to develop th¢ church site, how¢ver these need to be held back until the St Geradine's building is Sold to release funds for any developmenl. All the chur¢h groups flourished during the year. alld the church hall is used by groups every day of the week, hence bTin8ing the church itself more into the community. The Lossie Stngcrs who are associated with the church perfomed 2 concerts in the church during the year with nwiy of ihe audience new to the church. Despite a large financial loss this year, due to th¢ requiTements of121 Geor¥e StreeL the church decided that it was now appropriate to unite with the adjoining parish of Duffi, Spynie and Hopeman and thus complete the requirements for this parish of the Prebytery plan. The old St Gerardin¢'s building was oftered for sale and an offer accepted, and it is expeoled that missives will be concluded early in 2026. Finally with the retiiement of our Minister, Rev Geoff McKe¢ in September 2025. we await Premission from Presbytery to call a minister for the new united Charge. Financial Review The principle source of the church income is the weekly congregation offering which remained stsble over last year. However due to the way that 121 George Street calculate its requirements (basically based on income 2 years previously). the requircments from 121 George Street rose by 200/0 (approximately £8,500). There wer¢ on¢-off faLtors which caused this and requirements for 2026 will reduc¢.Other expenditure retnained constanL and we did not have to spend n¢arly as rnuch on fabric works this year. However the large Tequiremenis fTom 121 meant that we had to transfci £8,000 fmm the fabric fimd to the general fund in order lo be able to continue to pay our suppliers. In total, Ihe unrestricted funds showed a deficit of £5,247 in 2025 (2024 deficit of £7,602) whilst the restricted funds had a 2025 deficit of £1,322 (2024 sUlUS £267). In tot<il the church showed a 2025 deficit of £6,569 (2024 deficit £7,335). With the advent of the union it is hoped thai th¢ deficit can be reduced further this year. Reserves Policy It has been the Trustees, policy to hold reserves of approximately four months expenditure including desigynated fi]nds. These were mostly held in the JA Scott Fund, which though not restricted, had a twofold purpose. Firstly som¢ ()f these funds may be transferred to the General Fund when r¢quired in the &2rly part ot the year when the larger FX)rtion of the Church's expendtture is made, and secondly, the interest from this account can be transferred to the Church's fabri¢ fund for repair, maintenance (d development of the Church properties. At the year end the Church held unrestricted cash funds of £40.905. Of this amount £l6.677 is held in the Fabric Fund, which allows the Church a degree of comfort should any unforeseen repairs be required, but also allows us to improve and en1iCe the buildings of the Church for all its users. The ChurLh also held £517 of restricted fimds which have been provided for the purposcs specified inNote 2.
Trustees, Annual Report (eont) Year ended 31 December 2025 Statement of Trustees, Responsibilities The members of the Kirk Session must prepare fll]ancial statements which give sufficient delail to enable an apprecialion of the transactions of the Church during the financial year. "rhe members of the Kirk Session e responsible for keeping proper accounting records which, on Tequcst, must reflect the financial pDsition of the Church at that tim¢. this must be done to ensure thai the financial stalement8 comply with the Charities and Tte¢ Investment (Scotland) Aci 2005, the Charities AccounLq (Scotland) Regulations 2006 and the Regulations Anent Congregational Trinimce approved by the General Assembly of the Church of Scotland in 2007. They ar¢ 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, S Mcsheffrey Session Clcrk Date.. l O-Feb-26
St James Church of Scotland, Lossiemouth SC 000880 Report of the Independent Examiner Indepcndent Examiner's Report to the Trustees of Lossiemouth Church of Scotland I rtport on the accounts of ihe charity for the year ended 31 December 2025 which are set on pages 7 to l l. ResptIVe responsibilirties of trustees and examiner The charity's truslees are responsible for the preparation of the accounts in accordance with the ternis of the the Charities and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts (Scolland) Regulations 2006. The charity trustees consider that the audit requtmnent of Regulation 10(1 } (d) of the Accounts Regulations does not apply. Tt is my responsibility to examine the accounts as required under section 44(1) (c) of th¢ Act and to stale whether particular matters have come to my attention. Basis of independent exAminer'$ statem¢nt My examination is carried out in accordance with Regulation 11 of the Charitics Accounts (8eotland) Re¥ulations 2006. An examination includes a review of the accounting rccords kept by the charity and a comparison of the accounls presentcd with those rOrdS. It a]so includes consideration of any unusual items or disclosures in thc accounts, and s¢eking explanations from the trustees concerning any such matters. The procedures undertaken do Dot provide all the evidence that would be required in an audiL and Consequently I do not express an audit opinion on the accounts. Independent examiner's statement In the course of my examination, no matter come to my atiention. which gives me reasonable cause to believe that in any matrrial respect the requirements: to keep accounting records in accordance with Section 44 (1)(a) of the 21M)5 Act and Regulalion 4 of the 2006 Acwunls Regulations, and to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts. Regulations have not been meL OT to which, my opinion, attention should be drdwn in order to enable a proper understanding of ihe a¢counts to be reaLhed Benjamin Stewart 17 Kinnedar Street Lossiemouth IV316AS Dat¢ March 12 2026
Lossiemouth Church of Scotland Recei ts and Pa 'ments Account Year ended 31 December 2025 Ullrestriet¢d Restricted Funds Funds 2025 2025 F.ndowment Fund5 Total 2025 Totsl 2025 Reeei Donations ttgacies Activities for Generatitig Funds Bank & Deposit int¢rest vestm¢nt iDcome 2024 Note 54,936 647 55,583 63,243 692 451 692 1,455 442 453 56.079 649 56,728 65,140 Rental of premtses Sale of assels Sale of investtnents Grants Receipts from General Trustees Other Receipts 11,945 11,945 11,774 4,849 4,849 3,355 Total Recei ts 72.873 649 73,522 80,269 Costs of generating funds Charitablc aetiviti¢s Governance costs 450 78,376 1.271 79,647 87,154 Total Pa 'ments 78,820 1271 80,091 87.604 Surplus/{Deficit) of Receipts over Payments for the year before trnnsfers (5,947) (622) (6,569) {7J35) Transfers 700 (700) SurplusllDefieit) of Reeeipts over Payments for the year (5,247) (lJ22) (6,569) {7J35}
Lossiemouth Chureh of Scotland Statement of Balances At 31 December 2025 Unrestrieted Re5tri¢¢ed Endowment FuDds Fllnds Funds 2025 2025 2025 Total 2025 Total 2024 Nots Bank & De sit Balane¢s Bank & deposit balallces brought Forward 46,152 1,839 47,991 55,326 Movement in year Surplu{[kfl¢]t) of Re£eipts overPayn¢nts for the year {5247) (1,322) (6569} (7,335) Bank & deposit balances arried fonvard 40,905 517 41,422 47,991 Investments at market value 3.564 3,504 3353 Assets Liabilities The accounts were approved by the Kirk Session on l O February 2026 For and on behalf of the Kirk Session Session Clerk Treasurer
St James, Church of Scotland LossAemouth Statement of Balances Notes to the Accounts l. Trustee Remuneration and Related Party Transactions Mrs Rosemary Anderson, a member of the Kirk sessioffj was paid as deputy organist £900 (2024.. £300). Mrs Katberine Robertson, a member of the KiA( Session was paid as organist £420 (2024: £2,500). No other trustee or a person related to a trnstee had any personal interest in any contract or transaction entered into by th¢ charity during the year. 2. Movements ill Funds AtlJa 2025 At 31 Dee 2025 Reeeipts Payntents Tran51ers Unrestricted funds DesIgated Fabric Fund DeSIated Cash Flow IJA Scott) Fund Designated Window (Sutherland) Fund Desig[ted Bible (Rev Cordiner) Fund General Fund 16,686 18,646 460 9,760 451 (1.769) (8,000) 16,677 19,097 460 537 9,823 46,152 537 4.134 40,905 62.662 72,873 (77,051) (78,820) 8,700 700 R¢stri¢ted funds Guild Good News Club Midweek Fellowship 1,481 169 647 {1,221) (50} (71K)) 207 121 189 189 1,839 649 Endowment funds {1,271) (700) 517 Total funds 47,991 73.522 (80,091) 41,422 oses of Desi ted Funds Fabric Fund: Th¢ Trustees have set aside funds for the maintenance of the Church property CashFlow (JA Scott) Fund.. The Trustees have set aside reserve funds for casb flow and Providing income to the Fabric fund. Window (8uth¢rlartd) Fund.. Th¢ Trustees hav¢ set aside funds for any repairs to the Stained Glass windows Bible (Rev Cordtner) Fund.. The Trustees have set aside flmds for the purchase of bibles. s¢s of Restricted Funds Guild Fund: This nd is to 5UPPOrt the activities of the Guild Good News Club Fund.. This supports activities of the Good News Club (Sunday School) Midw¢ek Fellowship: Monies collected in thi5 fund are distributed to the church and othcr charities.
Unrestricted RestrA¢ted Funds FuDds 2025 Endowment Funds Total Total 2025 2025 2025 2024 3. Analysis of Donations WFO S¢h¢me (non Gift Aid) Gift Aid Donations Gift Days Recovered on Gift Aid Donations ordin Offerings (Open Plate) Other Offerings, Dot)ations et¢ 9,987 23,773 800 10.136 10,240 9,987 23,773 800 10,136 10,240 647 55,58.3 8,071 27,836 7,273 6,959 8,473 4,631 63,243 647 647 54,936 4. Analysis of Payments Costs of gen¢rating funds Investhient Managers. fe¢s Offeriag envelopc5 444 444 450 450 Charitable activities GivTng to Grow allocation Prestry dues Minister's expenses Pulpit supply Other gtatTJng costs Fabric repairs & maintenance Council Tax Heal and light Insurance Payrnellt of oirtstanding accounts. Printing. stationery and postag¢ OtheT expenses 52,885 2,044 1,118 224 3.723 1,769 1.441 6,523 6,090 52,885 2,044 1.118 224 3,723 1,769 1,441 6.523 6,090 44,338 1.548 4,870 11,893 2,293 8.871 5,600 2,488 226 5,027 87,154 72 2,487 78,376 72 3,758 79,647 1,271 1,271 *Following c105ure of Si Guardine's I ligh ChurLh on 31 De¢¢mber 2023, the UliÉied corjgregaiion paid acr055 fuods to thc 8t Cierardine's High Church bank a¢roUn., sufficient so thai the locd trades pcoplc could be paid. Non local accounts weT¢ seitled by the Church of 8rotland head offi¢& Du¢ to thi5, th¢r¢ were nu fijnds availablc from Si GeEarditie's Iligh Church Io pass Oll tts the unitcd LThr¢h. Governanee ¢ost$ Independ¢nt examineT'S f¢es Other payments Purchase of assets Purch&8c of investments 10
S. Minister's Stipend All Church of Scotland congregations contribute to the National Stipend Fund which bears the costs of all ministers, stipends and employels contributions for national insurance, pension and housing and loan fund. Ministers, stipends are paid in accordance the national stipend scale, which 15 related to years of service. For the year under review the minimum stipend was £32,433 and the MlMuM 8tipend (after five years) £39,856. 2025 2024 6. Collections for Third Parties Poppy Scotland SLottish Bible Society Bear Necessities Tearfundlcompassion IJK Home for Good Vine Trust Lossiemouth Boys Brigade 128 170 170 50 50 112 50 50 50 50 312 568
APPENDIX FUNDS HELD OIY BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES 2025 2024 CAPITAL ACCOUNT Credit Balances Ileld at 31 Decemb¢r at Cost Market Value of Balances at 31 December REVENUK ACCOU Credit Balance at 31 December -29.74 64.62 TEMPOK4RY ACCOUNT Debit Balance at 31 December -18534.29 -7086.61 Notes f any of ihe above lines do not apply to your congregolionfor both of the years being reporled iken ihey Gan be removedfrom the note. The nole only reqtlires ihe year endfigure for each year to be shown. Detailing the movements is not necessary but can be shown ¢%S additional diJclo,sure fi COFLfidered appropriate. The nole only requires the year endfigure for each year lo be ,shown. Delailing the movements is. not necessary bul can be shown as addilional disclosure if co3}derLa appropriate.