The Church of Scotland GATEHOUSE AND BORGUE PARISH CHURCH RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Congregation No. 080463 Charity No. SC000961 Charity No. SC000961 Gatehouse and Borgue Parish Church Trustee's Annual Report Year Ended 31 December 2023 The Trustees present the Annual Report and Accounts for Gatehouse and Borgue Parish Church (Church of Scotland) for the year ended 31 December 2023. Reference and Administrative inforniatlon Charity Name.. Gatehouse arKI Borgue Pansh Church Charity Registration No SC000961 Congregation Reference No 08046. Contact Address Triistccs Principal Office-bearers Minister. Session Clerk- Church Treasurer.. Property Convenor Independent Examlner Beli ogilvy Chartered Accounlanls 36 King Street Castle Douglas DG7 1AF Banker3 Bank of Scotland 192 King Street Castle Douglas DG7 1DB Charity No. SC000961 Gatehouse and Borgue Parish Church Trustee's Annual Report Year Ended 31 December 2023 Structure, Governance and Management Governing Document The Church Is administered in accordance with the terms of the Deed of Constitution (Unitary Forml. Recruitment and Appointment of Trustees Members of the Kirk Session 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 lo 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. Organisational Structure The Kirk Session is chaired by the Minister and meets five times a year. It is responsible for spiritual and temporal affairs within the Church. Certain responsibilities are delegated to the Finance Committee and the Property Committee as appropriate. Objectives and Activities The Church of Scotland is Trinitarian in doctrine, Reformed in tradition and Presbyterian In polity. It exists to glorify God and lo work for the advancement of Christ's Kingdom throughout the world As a national Church, it acknowledges a distinctive call and duly to bring the ordinances of religion to the people in every Parish of Scotland through a territorial ministry. It cooperates with other Churches in various ecumenical bodies In Scotland and beyond. Achievements and Perfomance Thirty lo forty people attend worship on a Sunday morning in Gatehouse Church, rising to over fifty in the summer, with regular vi511ors and holiday makers, and even more for servi￿$ al Christmas, Easter, Harvest and Remembrance. On Ihe first Sunday of every month a Servi￿ is held in Borgue Village Hall. Once a month in Gatehouse we are joined by a Sunday School of about fourteen children who come into the Church for the first part of the service and then go through into the Hall. There Is a choir of around nine singers, performing an inlroit al the beginning of each service, and occasionally an anthem as well. Volunteers The church relies on the contribution of volunteers to carry out it's activities but no amounts are recorded in the accounts for this. Financial Review Unrestricted donalion income {including Gift Aid income} has increased by some £1,800. Other staffing costs have increased by around £2,700 due to increase of organ player payments. Repairs total has Increased by some £500. Manse building costs has decreased due to boiler repairs In the 2022 The main result of the year's transactions is that there is an unreslricted surplus of £6,370 for the year. The restricted surplus was £224 and endowment surplus £128. Charity No. SC000961 Gatehouse and Borgue Parish Church Trustee's Annual Report Year Ended 31 December 2023 Resep4es Policy Al 31 December 2023 the Church held unrestricted cash funds of £15.091. restricted funds of£7.075 and endowment funds of £4,565. The Iruslees acknowledge that the level of unrestricled funds requires lo be improved. Charity No. SC000961 Gatehouse and Borgue Parish Church Trustee's Annual Report Year Ended 31 December 2023 Statement of Trustee's Responsibilities The Members of the Kirk Session I Congregational Board must prepare Financial Statements which give sufficient detail lo enable an appreciation of the transactions of the Church during the financial year The members of the Kirk Session I Congregational Board are responsible for keeping proper accounting records which, an request, must reflect the financial position of the Church al that time. This musl be done lo ensure that the Financial Statements comply with the Charities and Truslee Investment (Scollandl Act 2005, the Charities Accounts (Scotlandl Regulations 20061 as amended) and the Regulations Anenl Congregational Finance approved by the General Assembly of ihe Church of Scotland 2007. They are also responsible for safeguarding the assets of the Church and must lake reasonable steps for the prevention and l or detection of fraud and other irregularities including the adoption of the Church Df Scotland Policie5 on Conflict of Interest and whi511eblowing. Approved by the Trustees and signed on their behalf. Date.. Charity No. SC000961 Gatehouse and Borgue Parish Church Trustee's Annual Report Year Ended 31 December 2023 Independent Examiner's Report to the Trustees of Gatehouse of Fleel Parish Church I report on the Accounts of the Charrty for the year ended 31 December 2023. 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 (Scotlandl Act 2005 and the Charities Accounts (Scollandl Regulations 2006 las amended) The Charity Trustees consider that the audrt requirement to Regulalion 1011) to {dl of the Accounts Regulations 2006 las amended) does not apply It is my responsibilty to examine the Accounts as required under Section 44111{c) of the 2006 Act and to state whether particular matters have come to my attention Basis of Independent Examiner's Statement An examination Is carried out In accordance with Regulation 11 of the Charities Accounts Iscotlandl Regulations 2006 (as amended). An examination includes a review of the accounting records kepl by the Charity and a cornparison of the Accounts presented wilh those iecords. It also includes consideration of any unusual Items or disclosures In the Accounts. and seeks explanations from the Trustees cancerning any such matters. The prO￿dureS undertaken do not provide all the eviden 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." 1. Which gives me reasonable cause to believe that in any malerial respecl the requirements.. to keep accounting records in accordance with Section 44111 of ihe 2005 Act and Regulation 4 of the 2006 Accounts Regulations las amended). and to prepare Accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations {as amended) have not been met. or 2. ta which. in my opinion. attention should be drawn in order to enable a proper understanding of the Accounts to be reached. Bell gilvy Chartered Accountants 36 King Street Castle Douglas DG7 1AF Date: Charity No. SC000961 Gatehouse and Borgue Parish Church Receipts and Payments Account Year Ended 31 December 2023 Not• Unrestricted Fund• 2023 Restricted Funds 2023 Endovnnent Fund• 2023 Total 2023 Total 2022 R•cèi Donaiions Adivilies for Generating Funds Investment Income Note 54.360 947 52,558 325 -1,993 947 1.972 224 128 57.279 224 128 57.631 54.876 Renlal of Premises Receipls from Linked Chuf¢hes 1.459 2.826 1.459 1.002 1.117 Totsl Recei 61.564 224 128 _ 61AIG 56.995 Po ments Charitable activities 55.194 O ￿94 56.501 tsIP• SS.194 56.501 Exce89 i (Deficit) ol Receipts over Payment• lor the y•ar b•fore tr¥nsl?r• 6.370 224 128 6,722 494 Translern Ex¢g8• I ID*ficltl ol Rw¢¢ipts ovtrr P¥yments for the ye•r 6.370 224 128 _ U22 494 Charity No. SC000961 Gatehouse and Borgue Parish Church Statement of Balances Year Ended 31 December 2023 Unrestri¢ted Rèstricted Fund¥ Funds 2023 2023 Endowment Funds 2023 Total 2023 To¢?1 2022 Bank & Otr o•lt Balanc•8 Bank and deposit balances brought forward 8.721 6.851 4,437 20.009 19,575 Movgment in y•ar'. Exce55 1 (Deficill of Rèceipts over Paymen15 lor the year 37 224 12 494 Bonk & Depo$it bolane•i carri•d forward 7.Q75 565 26.721 20,OQ9 Inve8tment• at market valu 9&aio a722 6232 1Q9.71Jl 102,172 (Cost £74.8671 6{755 . 1662 74.86T 74,867 The Accounts were approved by the Kirk Session and Financial Board on 2024 For and on behalf of the Kirk Session and Financial Board Session Clerk Treasurer Charity No. SC000961 Gatehouse and Borgue Parish Church Statement of Balances Year Ended 31 December 2023 Trustee Remuneratlon and Related Party Transactions During the year 1 Trustee received reimbursement of expenses incurred totalling £2,987 together with Council Tax for the Manse of £3,136. In addition who is a Trustee, received £996 for providing her services lo pulpit supply. also received an interest fr8e loan in the year of £3,000, which was rePa￿d by the ypa,, end. Movement• In Fund$ At J•nu•ry 2023 R•celpt• 2023 P•ym•nts 2023 Tran8f•v• 2023 At31D 2023 Unrn•trl¢t•d lund• Gtsn•ral Fund R••trlct•d fund• Clock & B811 Maini&n8n Gr8¥e$ Upkeep A¢¢ounl 98 20 118 Endowin?nt fvnd• en210s Tru8t CoAtes Legacy 830 35 865 Totsl Fund• Pur oses of Reslricted Funds Graves Upkeep Fund - lo maintain the Graveyard Clock & Bell maintenan￿ Fund- transferred from the Borgue Church for maintenance Pur 0868 of Endowment Funds Income from the Menzies Legacy Is to be used to provide materials for Ghristian education Income from the Coales Legacy is to be used for the needy in the Parish Charity No. SC000961 Gatehouse and Borgue Parish Church Notes of the Accounts Year Ended 31 December 2023 Analy818 of Donatlons Unrn•trl¢tsd R￿th¢t•d Endowment Funds Funds Funds 2023 2023 2023 Totsl 2023 rot¥l 2022 Gfft Aid Donth"ons Tax Recovered on Grft At'd Oonabons Ordinary Offenngs (Open Platèl Other Offenngs, Donab"ons elc 37.346 31.Y6 26.010 9.582 6.463 10503 6,977 6.577 Analysls of Payments Charftablo actlvltl•8 Ministriès & Mis%on all¢)cAb"on Ministerf$ 6x￿nIeS Pulprt suppty Other staffing costs Fabric repairs & maintenance Counc#l Tax Heal an¢J light Insurance Other building co8ts- M8r Printing, stationery and posta96 Independent Examiners fee Other expen￿$ 27.154 2,988 150 6.171 27,154 2.988 150 6,171 4.808 3,136 2,299 2.933 871 1,687 492 28.885 3.016 496 4,286 3,551 1,944 2.730 1,549 1.629 456 3.136 2,933 871 1.687 492 Charity No. SC000961 Gatehouse and Borgue Parish Church Notes of the Accounts Year Ended 31 December 2023 Mlnisterfs Stipend All Church of Scotland Congregations contribute to the National Slipend Fund which bears the costs of all Minister's stipends and employer's ¢onlributions for national insurance, pension and housing and loan fund. Ministers, stipends are paid in accordance with the nalional stipend scale, which is related to years of seryice. For the year under review. the minimum stipend was £30.135 and Ihe maximum stipend (in the 5 and subsequent year5) £37.032. Collections for Third Partles 2023 2022 CHAS Pakistan FI￿dS Ukrainè Christian Syria Hope For Justiee Stewartry Food Bank 218 130 7, 125 438 202 252 181 10 Charity No. SC000961 Gatehouse and Borgue Parish Church Notes of the Accounts Year Ended 31 December 2023 Minister's Stipend All Church of Scotland Congregations contribute lo the National Stipend Fund which bears the costs of all Minister's slipends and employer's contributions for national insuran￿, pension and housing and loan fund Ministers. stipends are paid In accordance with Ihe national stipend scale, which is related lo years of service. For the year under review. the minimum stipend was £30. 135 and the maximum stipend {in the 5 and subsequent years) £37.032. Collections for Third Parties 2023 2022 CHAS Pakislan Flo(xls Ukraine Christian Aid Syn Hope For Justice Stewartry F<)od Bank 218 130 1. 125 438 141 202 252 181 130 T65 2.0 10 Charity No. SC000961 Gatehouse and Borgue Parish Church Appendix Year Ended 31 December 2023 FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES CONS LIDATED FABRIC FUND CAPITAL 2023 2022 Cre(Jil Balances held al 31 December at cost 58.3T4 Market Value of Balances at 31 Decernber NS LIOATED FABRIC FUND CAPITAL DEP IT FUND Credil Balance at 31 December 39.4è9 RowfH FUNDS Credit Balances held at 31 December al cost 22,82_6 Markèt Valuè ol 8alanc6s at 31 Dec&mber INCOME FUND Credit Balances held at 31 Oecember 81 cost 16.891 Market Valuè ol 8818nces at 31 Oecèmb¢r CON OLIDATED FABRIC FUND REVENUE Credit Balance at 31 December During the year ended 31 December 2021, Ihe property ol Btsrgue Church was sold lor total net proceeds of £33.894.44. and these funds were invested In the Fabric Funds During the year the Consolidated Fabric Fund Capital (fradilional Mixed Fund) Account was transferred Into the thrèè underlying Individually Invested Funds, and a gain of £1.702.38 was made.