Charlty r•9htAtlon numb•r SC0010112 (Scotlandl Congre9atlonal numb•r. 191266 DALRIADA allDARGYLLCHURCH OF SGOTLAND ANNUAL REPORfAND UNAUDfTED RNAPKIALSTATEMEKrs FOR THEYEAR ENDED 31 t￿cEI￿8ER 2023 ALRIADA MIDARGYLL CHURCH OF SCOTLAND EGAL AND ADMINISTRATIVE INFORMATION 8ts•• harlty nuM￿r IS¢otland) 6GQO3002 rlnclp•l #ddrus Man8e U5kland Ri*d Ardii$ha Argy PAXI 8HE dep•ndvnt•x4mlnfrr ank•r riig.n DAor.ey 19 Longrr CarnPLEtt￿￿ Argyu PA28 8ES Bank of Scr4t PortallLth Street Lcthgilphead PA318LW LRIADA MID ARGYLL CHURCH OF SCOTLAND NTENTS Page Trusts¢s' report Staternent of Irustees, ￿p￿$￿ill11eS IndepeThJent èxamineffs report statement offin0r￿1 aclMtie5 Balance sheet Note5 to th8 financaal statements 8-22 ALRIADA MIDARGYLL CHURCH OF SCOTLAND RUSTEES, REPORT OR THE YEAR ENDED 31 DECEMBER 2023 g trustees present theirannual aNI finan*f slal8nwts forthg y8w orbjed 311)ecernber 2023. e financial stslements have been wepared In arrAxuar￿e the accounting poliaes Set oui in note 1 to the anclal ststement5 and compty th the goveming rtocvment, the Ch8riUes and TnJste8 Inveslrnent couand) Acl 2005. th8 Charitses Aecounts {s￿tland) Regulation¥ 20C6, FRS 102 'The Fina￿al Roporting ndard appf*able In th8 UK and Republic of Irelanrt and the Charibes SORP "A(x*sunting and Reporung by haFtties.' Statetnenl of R9￿MMended Practs"ce applicab￿ lo Charit￿$ prepanng their acc4)unts in acLX*td8oce with e Finandal Reporting Stsndard applica￿8 in the UK Re[rto￿lE oflff•laryJ (FRS 102)" bltctives and activldes e congregatK)n of North Knapdale Chm* of ScJJllarKI. Scottish Charfty No. SC001002, became Dalrfada Mid gyll Ichurth of Scotlandl. Scottish Chanty No. SCOOf002. on 1# Juty 2￿23 folb)wing the union of the ngregation$ of Ardii5haig Pafish Churth (Churr* ol SLxJllandl, Glassary. Krfrnartm and Ford Parish Church of tland, Lochgilphead Church of ScotLqnd, North lQ)apJale Chur(a) of S¢￿and and South Knapda18 Parish unth (Church of S(x)tlandl. blic b8nefft e truste05 have paid due re9ard to guldan¢e Issued by lh8 Offictt of the Cljarity Ragulator (OSCRI in ing w*at the ¢hanty slwjukl wdèrtake. e lfjrk S655ion ha5 OV8t5ighl of tha wholè life and ser¥Ke of the Churth wthin ils Pwish and res￿nSIbIlity for the iritual and temporal over¥ighl ol the CongregatK)n's affair5. Th8 JQ'rk S&s$ion also d*legat89 certain areas of its rk lo committees and rnay also appoint rnemters and non-fflembws of the congregab.on to serye on such mmlttees. Cornmrttees op8rale witlLtTh the r8nyI gtant8d to Ihem by lQ"rk Sess￿. hl•vem•nts and porlomianc¢ nifi¢art aL*Mb"g$ 8nd &chievgmert¥ ogainslitybbvs rvices are ￿ld acro$s the parish weekty wilh Ihe ￿Then1 rrAa bging.'- and 3rt Sunday¥- lfjlmartin, Lothglphead and Ach8h(#sh and 4th Sundays- Tayvallith and Ardrishaig Sunday- One serwce within th¢ Parlsh on a rOtaUon￿ b￿"5 and •idudirwJ Hoty Communion. congreoabon is athvety trngagirw ¥Yilh the ¢x>mrnunty by haw.ng a 1*e9￿JY Café Connect In Athnamara Hall, kly'Not another coffee rnorning" in Arthshaig Church Haq. a Wee￿y'ComMunitea" rneetir¥J for tea and chal at arknTr Churth, fortni9hty Drop in Café at LochgFJphead ChU￿h Hall. lies wthing the congregab.on inthde House Gmvp rneel¥igs In Tayvallith and Mwion Group Mee￿ng5. Th8 also Gardening andArts and Cr8fts Groups mqeting inArdrishaig Church Hpv. eb5ite for Ihe new eongregalK)n 15 cThty under devd0pm￿t btrt we (x)n￿￿ to c4nnect e*ctronk4ltY vla the hgilphead 8nd North Knapdale w•b5ites. Fl anclal revlew espolKy the policy of tho thanty Ihat u￿￿tn¢￿ fvnds twhith ha* not be8n deswn*•J fur a use Shoul￿ be ntzined at a le¥el equivalent to b8tt¥een three and svx month's expendrture. The trustèe5 conséd8r that ￿Se￿&S his level will ensuT8 that. in th8 event of a 8fgnifirant drop in funding. they wll ba able to Continue th• charity's nt activit￿$ while ￿nsIderatiOn is pr￿ to way5 ￿ whth athIN￿TraI fvnd$ rnay b8 raised. This lèvel ol reserves been mainlained throu9houi the year. at cu ha ALRIADA MID ARGYLL CHURCH OF SCOTLAND RUSTEES. REPORT (CONTINUED) OR THE YEAR ENDED 31 DECEMBER 2023 I major ri5Ls ha¥e be￿ r•vifft¥•d and 8ys18ms or &￿>dur•S been ¢sta￿lshed to manage tIK)se M8ks. Thè finarKial rfsk to which the charity is exFh)Sod as KleThtll*d by the tr￿8 is a general or sudden lowering of nate(f incomè c8USod by th$ loss of objer memLw & congragab.on 6tgr¥kant from a number of members along vth the assooated grft aid tTritments whKh go a long way to ￿Ver the annual expendtbjre. The Trustee5 fA)nsider the ￿>5$ of such income be a material rrak and ale ￿sIdering ways to btslld up fvnds of a luthei six to tW81ve nKinlh$' 6Xpendit￿re In ss of the resgN9s roquirfyd for nomial annual expenditu¥e 86 part of tts medium to lontrtenn strategic plan. e T￿￿tee$ are also JJevekJp(no a I(￿gar-fe￿ strategy Io ye￿ra10 and buibj r¢3er¥w. ¢tuFei yov•rnance and manag¢m8nt e trustees who Served during Ihe year and w to the dat& of sinaluty ol I1￿ ivere. bers ofthe lfjrk Se8￿￿ we Ihe c*anty TNst44s. Membwthlp of Se$6￿ r3 c4M5btuted ofthe elders and ister. Eklers can b8 appoilltad ￿ three ways. The4e are.. Nornlnalfon and rjireet eleclicffi by rnembats of Ihg w)gregath￿.. A $yst8m of signed lilts, in whth mernbo￿ ol the ahwr8gatlon sulKnit a list of nTh¥. Th• namos ng the gTeatest nufflborof votes are dècted., Nwinab"on ar*J 4pointmnl ty the Ktrk se￿10 ALRIADA MID ARGYLL CHURCH OF SCOTLAND USTEES. REPORT (CONTINUED) R THE YEAR ENDED 31 DECEMBER 2023 e Kirk S¢¥won ha5 oversight of lrfè 8n(J servKe of the Church wrthin rts Parish". resp￿sibl￿ for th• irituAI and tempwal o¥ef5ight of th& Congregabon's affair5. The Kirk SeSSK)n a150 deJegat85 ￿rtaIn af¢as of its rk to corftmi(te8S and May also atvoirn members and nrm-rnembers of Ihe rnngwatpJn lo Se￿ on Such mmittoos. c￿Nn￿le￿3 operate within Ihe remit granted io t1￿ by lfjrk Sg55iDn. ALRIADA MID ARGYLL CHURCH OF SCOTLAND TATEMENT OF TRU5TEES' RESPONSIBILITIES R THE YEAR ENDED 31 DECEMBER 2023 e Glarity trustaes are WPL¥bsibk for wKering the Twstees. Report and th• financial ststemants in accordance ith applicable law and United K5n￿l0￿ Am)uniing Standards (United lthngdorn Generalty Accepted Accounting aclir*l. though the income of the Tru5115 below E250,0￿, 85 the accounts are prepared ai acrxjunts the Truslegs ve prepared the fina￿￿ statem8nts on a fully am¢d basts aj they ojnsidw this best tepresents tha )Inancial on oflho charity. app11¢aL￿ lo ch8riti¢3 in ScolFand requ￿ Ihe tntstegs trj ￿pare ffinancial st8temerrt$ br fiTrandal ar whlth gNe a tnje aThJ faK of the state of allan ol ts tharlty of the In￿Tring re￿U￿ceS and plication of resources of Ihe charity for thatyèar. propwing Ihese ￿n￿n￿al slalem*ts. Ihe Iwstoos ￿89￿￿￿d to.. elect suitable accouning wllo8s and thon appty them consslentty.. bseNe the methods and prin￿pIeS In lh8 Chanues SORP. akejUd￿ments and esb"tn818s that are reasonab￿ and prudent. tste whether applicable actounting standwds hav8 been folkA%Bd. to any material deparknres disdosed ij explahèd in the financial statem*)t5, and repare thè finana81 stalemgnts on th• gouhg b88k8 unles8 rt is napFwiate to pr8suffle Ihat the charity l ￿nt￿￿e in cweration. 0 tm8teg8 are re8wJnJible for knepmng propar araxunlng records which dL8d059 *ilh reasonable accuracy at any e th8 financL81 positi￿ of the d￿rI{Y and enaile them to ensu￿ that the fina￿al 5tatement5 compty wlh the arilies and Trustee Investrnent (Scouandl Ac4 20D5 the thè Chanb"8s Account8 {StyJUand) Regulalions 2006 am8ndodl. They ar8 also responsibk lor safeguarding the a55ets ol the chartty and lakng re&son8ble Ps lor Ihe prevention and de1￿￿On of fraud and other irre9ularitsas. e twslees 8re fEJponsible for the maintenance and tr>tegrlty of the thanty and ffinancial inforn)alion included on congregatiDn's websit•. Lègi￿al￿On in th8 United TrfjNJdom 9overning the preparati￿ aTh1 di$seminab"on of nrAal ¥lalg))enls May differ from18gts*lJon In olhw jungd￿"[W ALRIADA MID ARGYLL CHURCH OF SCOTLAND DEPENDENT EXAIAINER'S REPORT THE TRUSTEES OF DALRIADA MID ARGYLL CHURCH OF SCOTLAND port on ts finwal staternerts Of￿ (tharity knr Ihè yaara￿d 31 D￿Mber?￿L3. which are sel out on pages speetive TèsponsbblltttM of trust••s and •xamingr e thatlty's trustees are rèspcmsible for th& preparab.on of the finpnlitil tytatements kn actordance wilh the tsfms of Chsrilies and Twst•g Inveslrnent IS(¥U8TrJ) Att 2(N)5 arMI the cha[1t￿ A￿Irtts (s￿￿and) Regulations 2006. e tharity truste8s Con￿￿￿ that the Budrt requirem￿1 of ReguJatp)n 1011)lakl¢) ol Iha Charth8 A(tsJunts Iknd) RWJuLat￿¥ 2(￿ not apF+M. s my mspons1￿.1fy to examine the finarK7d 5latements a5 re(piKed und8r sKlon 44{Illel ol thg Chariti"e3 and stee Investment {SeA)Uar￿A¢1 20Cfj and to *ato WhethWpa￿"￿trma#V13 ha¥è rAyne to my att•rnioTr. is of Independentexamlnefs $tatoment examination is carried out in aQt¢Xd￿ce tpAh Reg￿81￿￿ 11 of Ihè Charthes Att(xrnts Iscotrand) Regulations 8. An exarnination indudes a of the acuJuntiTrJ recotds kept by the charty and a o)mparison of th• Statements pres8nte(J wrth those TeQ)rd5. It also in¢hJd&% con9dewation of ffj unusual items or disdosur&s the financ￿1 Stat￿ments, and seelj.ng eX￿al)sls whith at8 not attributab19 to a gngle a(My are apportioned bèlween those actmlies on a b8SIS consi8teTht wrth the use of resour￿$. Central staff cDsts are alknL7ta the basis of b.me spent. and deprerya)on charges are allocated on the portiLW of the as58fs use. Th8 Chaiity 1$ ¥)ot register8d forVAT 8rbJ exvwdi￿r• th8rBforo kKknJes irr8cov8rabl& input VAT. Tanglblt fixed assets Tangl￿ fixed asset8 are In￿"alty measurad al and $￿sequen￿ m&rysurod at cost or valuation, nèt ol dgprets8*on and any impairmenl k)s8e8. Depreuation is re¢ogni5ed so as to writ• off the or 748hJalkJn of a558ts1oss thoir residual valu85 OV8f their usefvl INes on the follo￿￿9 ba58S." Frq•hDkl land and buiidir No depr¢L?*"cffi tharged Th8 gain or loss arising C￿ the Oisposal of an asset 15 dgtemined a8 the drfference betrleen Ihe sa18 pr￿eEdS and th• carrying valu8 oftho asset. and is wni5ed in the statem¢nt of finandal adiwties. 7 Flxtd asset invostmtnts Fixed asset investmeTht5 are initK9￿ measured al transaclion price ￿dud1￿ transa¢aKJn (>Jsts. and are subwuenty m8asufed at fay ¥akn 31 each reporb.ng date. Chang85 in faw value are reco￿lsed ￿ net incomellexpenditurel ftsr Ihe year. Trdnsa(*"oTr I)￿S arè èxperssed as incurred. Impalrnwnt OffiX￿ assets Al each reporting end date. the tharty revi￿S Ihe cawrwng amounts of tts tangible a55813 tts detemiine wh?th8r there is any indic*tKJn that Ih088 assets have stAlored an ifflpaim)aTht loss_ 11 afiy su(* Indi¢4tion 8Xi51s, the rerover?bie amount of the assel is esbmal￿ in order to detemilne the exienl of the Impaimienl ss (rf any). Cash and cash fjqulvalents Cash and cash equwalents In¢￿th r25h in hand. ￿8￿sItS held at call wlth banks, olheT short-temi liquld investments wrth original maturitses ol Ihree months or less, and bank overdrafts. Bank overdrafts are shown within bor(￿ing8 in h"ab4ths. 10 Flnan¢ial Ingtruments Thè d)arity has 818d8d to appty th• proMsi¢xts of S•diM 11 '8asic Fln*)ual Instruments. and Sectlon 12 'Othèr FiThanual Instrum8nts155ues' ol FRS 11Y2 to ￿1 of rts finanrid inslrumenls. Finan(aal instrumerts are re&wnised in the thar6tfs b21anL¥ shoot when Ihe thaiity becomes party to tho o)ntradual ￿$￿n$ ofthe instrw7WIt. Finanaal assets and liabilrtie$ are offset. ￿￿th the Thet arnounts p￿Sentert in the fmantsal statements, when thara Is a legally enfor￿able right to set off th? retognised amourts and there is an intèntion to sottie on a not bas(s orto ￿liSe the awt and s¥lY•thè liatrflity li￿￿lianeou$ty. ALRIADA MIDARGYLL CHURCH OF SCOTLAND OTES TO THE FINANCIAL STATEMENTS (CONTINUED) OR THE YEAR ENDED 31 DECEMBER 2023 A¢¢ounllng pollcl IContlnu•dl Basic financlalass•ts Basic financial as8els. whth inthje debt￿5 and cash al￿ bank bolanc85, are initiamy mèasured at Iransarlion pn.cè induding transathon costs and are 5ubseqyenty (arriad at arnorbsed cost Lt$ing the effectlv interest method unless the arrangern8nt con5titut8s a finan¢Jng transaction. where th8 transaction Is measured at the present WdhJ8 of the fijiure receipts di5o)unted at ¥ ￿rket rale of intare$L Financial assats dassifigd as refAivablv Wrth￿ one yew are rb)t amorb"sed. 8•sl¢ financial Ilabllld•¥ Basic finanaal lia￿lities, indudiig er•ditor5 and b3nk b)ans ar• Inffjally rg(¥JgTh¥•J at tronsaL*Jn pFic* unle88 thè arrang8rn8nl conskn"tutes a financ¥ThJ transaction, where Ihe debt instwment 15 measured at the present value ol the future payrnents discounted at a m*kBt rate of inler8St. Financial UabWb"es da55ir￿d as payable within one year ar• amortised. Debt instruments are sub5equenty al anJ)rbsed cos( uslng Ihe Nhteresi rato method. Trade (xeditors are Obligat￿fts to pay f￿ goods or serNI￿ Ihat have been wul￿d in thB ordinary course ol operatton5 frorn SUPF4iers. Amounts payabl• aro dassnled as curienl liabilities rf payment 15 due within one year or le&8. If not. they are presented as f￿￿ur1eTht liabil￿.e5. Trade c¥edttors are recognis8d al Iran5action price and Bubsequenty measur8d al arrnrffisad o)st I￿ng Effedr￿ intergsl mèthod. D•rncognition of finaRclalll*￿uIlles Financaal 1vabilit￿ are dere$))gnis￿ vkn Ihe chanws ￿ntraL*Ual Dbligations expl￿ or are disehargod or eaThcelled. . 1 Employ￿ h¢nefits The c05t of Any unused holiday 8nlillement li rgDJgni3￿ ￿ Ihe peiiod in whith the empkjyee's seNces are re￿1ved. Tem)inathon ber￿fits are ￿1))￿nIsed irrniediately as an expense wthen the Cha￿ 15 thmDnstrably ￿MmItted to terrnina(e the •mployment ofan to ErfO￿de tem1inat￿n benèfits. Critical accounting ¢•llffl•t¢s lydggm•nts In the aprAi¢8tK)n ol the charrtfs Orxounb"￿j ￿li￿e$, lh8 trustees *e ￿￿1[8d lo make juduements. 8slim#ts¥ and 455umptsoTr5 about the carrying arnount of assets and liabilti￿5 that are not readily appa￿nt from olher sources. The esumales and assooated assumpts.ons based on hi5toticd trxp8rien￿ and other factors Ihat ar8 CA)nswiered to be ielwdnt. A(aual resums dthi from these esh"mates. The estimates and undeth.ng assumpth)ns arè on an ongolng basis. RewshJTh5 to accx)unting estimates aro reeognised in Ihe in which e5b.mate is re¥ised where the rewsbn aff6ets On￿ that period. 01 in the period of Ihe revision and futur¢ ￿riodS wh8r8 the rwsion affe(as bolh cutrenl and future pe￿)d￿. 10- ALRIADA MIDARGYLL CHURCH OF SCOTLAND OTES TO THE FINANCIAL STATEMENTS (CONTINUEDI R THE YEAR ENDED 31 DECEMBER 2023 In¢ome froffl donations and knga¢l•s Unlestrkt￿ RMtsiet•d lunds funds 2023 2023 Tolal Unr•strJetèd Re•tsleted lund8 lund• 2022 2022 Totsl 2023 22 Donations and gms Grants 93,￿1 351 93,952 86.326 2,072 88,398 1(Kl.101 351 l(KTr.452 86,326 2.072 88.398 Inc4Jmg from ¢h4rll4blo a¢tMII•# Unmtrkted Rejtrlctsd fund• 2023 Total Unrnstrletad R￿triCI&d fynd$ fvnds 2022 2022 Total 2023 2023 2022 Church 4¢tfvltlo5 Sale of goods Portorm8nc8 rdabj grants Charltable rental In￿rne 2.127 2.217 65.410 4,308 89,718 5,000 10,774 17.712 21.614 4,412 19.839 23,831 71.772 13,720 85.492 11 ThT 7) B] (no •p)W 51 ALRIADA MID ARGYLL CHURCH OF SCOTLAND OTES TO THE FINANCIAL STATEMENTS (CONTINUED) OR THE YEAR ENDED 31 DECEMBER 2023 OtherAncomg Unmtrlci•d R•8trl¢ted Total Unr•8trl¢t•d R￿trIcted fund• fund8 2022 2022 Total 2023 X123 2023 2022 Olher irvJffle 22.672 30.010 17.933 20,479 exp•nd1￿1* on chafflabh acU¥lll•• Chweh Church actJvltle# 2022 2023 Dlre¢t M&MIGTG Presbytery L￿e$ Mins l Moderator expensss Pulpit supply Fabric & Maintenan Shared manse ¢05ts Heat and LKdht In5urallc& Prints'ng, stationery and poslag8 Advertising Other expenses Technology Outreach ath￿tIes Other staffing costs 55.283 2,539 3,333 2.325 43.665 18.854 12,643 9.135 838 52.558 1.933 2,100 5,387 51,fj79 3,171 8.077 7.731 1.153 1.092 9,455 898 9,635 1,120 li 12.510 365 3.728 1,485 173.351 150,445 Grant fvnding of actmties (see note 81 12.984 Sh•v• of supportmnd goV¢man￿ ¢o•ts ls•• ￿0t• 91 Goveman 182.351 163.429 Analy8h by fund Unr?sth'cted hJrKIs R&strid￿l funds 158.815 23,536 113,757 49.672 182.351 163,429 13- ALRIADA MID ARGYLL CHURCH OF SCOTLAND OTES TO THE FINANCIAL STATEMENTS (CONTINUED) OR THE YEAR ENDED 31 DECEMBER 2023 Grants ￿Yabl* Church a¢dvlties 2022 Grants to instiluléons.. 12.984 Support co8t8 allocated to •ctivltl•* 2023 2022 G0Veman￿ t05ts Analys8d l>ètwe•n: Church acti¥itres Govemance r￿S eonslst ol ujsts duè lor ￿)￿￿1￿ and Independent Ex8mknab'on wwcés. N•t mov¢rnent In fund# 10 2023 2022 The net movement In fvnds k% 0fterthargTri￿(￿ed￿tfig>.. Fees payable to thè ¢havrtl8 independent examlnw. - for Ihe ind8pend9nt examinth.an ofthe dwnws finan¢Sal slatements - for other as5uranco seN¢es 8,000 11 Trustee None of the trustees lor any pgrs(Th win8ded *rylh lkn) recejved any rernUnarat￿n or ben8fft8 from the eharty during th? yèar. 12 Employ•o8 The average rrwthLv numb8r ofentheas duritvJ the year was.. 2023 Numl 2022 Numb•r Minister There ￿ra no employees whose annual remunerntion w• Ihan £60.OtfJ. 14- ALRIADA MID ARGYLL CHURCH OF SCOTLAND OTES TO THE FINANCIAL STATEMENTS (CONTINUED) OR THE YEAR ENDED 31 DECEMBER 2023 Gain• *nd on InvMlm•nts Unro•tricted Unr••tri¢t•d fundi fund8 2023 2022 Gain￿o$s¢S) arfsiThJ on.. R&valuation of Inveslmènts 3.505 15.3001 Taxallon The c*arity is exempt from laxation on its adivibes because aff ils Ir￿Me Is atvlted for cknaritatA8 purposos. T•nglbh fixed a￿81 Froohold land Cost orvaluation At 1 January 2023 347.OLXI Al 31 D8cemb8r 2023 347.000 Carrylno Amounl At 31 D8cembor 2023 347,CKJO Al 31 D￿rnber 2022 347,000 The ￿rryIng valu8 of14nd inLYuded ￿ land and buiklNigs comwSsas'. 2023 2022 Fwh 347.1)Jo 347,000 Fr8ehokl land and buil(kngs compri5gs thfr rna￿e and h8H al ArdrishavJ and thè Bellanoch ChuK*. They arg induded at èstimated v8fues ori•nal costs are wknown. 15- ALRIADA MID ARGYLL CHURCH OF SCOTLAND OTES TO THE FINANCIAL STATEMENTS (CONTINUED) OR THE YEAR EbVDED 31 DECEAIBER 2023 FIx8d •8wt In¥081rnents Llstsd investment• Cost or valuawon At 1 January 2023 Valuation changes 78,152 14431 At 31 December 2¢Y23 77,709 Carrylng ￿no￿t At 31 December 21Y23 77,709 At 310oe6mb8r 2022 78.152 0gbtow• 2023 2022 Amounts f•lling du• wlthln ono y•ar. Trade debtors 16.452 CuFrnnt agS•t Invo¥bnents 2023 2022 Unlisted inveslrnents 188.883 173,012 Current a88et in¥eStrr￿nts are n￿aSUrel1 al18tr th1DL￿h profjl and loss. Crndltor•: amounts falllng ¥Athln OM y•ar 2023 2022 Trade creditor5 Ar￿u￿$ and d8[off￿1 inwme 355 1.866 9.355 1.886 16- ALRIADA MIDARGYLL CHURCH OF SCOTLAND TES TO TIIE FINANCIAL STATEMENTS (CONTINUED) R THE YEAR ENDED 31 DECEMBER 2023 Endtrwrrwrt fund¥ Endowment fvnds rep￿sent assets wlwch must be hekl ￿rrnanenty by th8 charity. In(y)me arising on the endowmant fvnds can ba used in accordance ￿￿th the objects of the chaiTty and ks indL4ded as unrnslricled inclyna. Any capital galn$ or knsse¥ arisln9 on the assets fonn part of the fund. At 1 January 2023 IncomlrbB v•sour¢•s At31 D•cgmber 2023 P•n￿an¢￿t ondowmnts 1.797 1.797 Pr•vlous y•ar: At l January 2022 Incomlny rpsourc8¥ At31 ember 2022 PernMMntendowments 1.787 10 1,797 21 R•strlct•d lund$ Th0 re8trK#ed funds of th8 tharty o)mpri5e Ihe unexgEnd8d balanc85 ￿ doiwts.ons and grnnts held on Irvst Subject to speofic ojndltiolls by d(mDf5 85 to twjw they may b8 used. Atl January 2023 Incornlng R•sourc88 expènded Tr4n8f8 At31 Docembèr 2Q23 c￿nb￿￿￿ congwation F8IMi¢ Fund Non speofic bU￿dIng maintenance Lad¢e8 Kbrk Party 169.624 13.112 123,538) 41 159,241 3.424 2.281 3.424 2.281 175,329 13.112 123.536) 41 184.946 17_ ALRIADA MID ARGYLL CHURCH OF SCOTLAND OTES TO THE FINANCIAL STATEMENTS (CONTINUED) OR THE YEAR ENDED 31 DECEMBER 2023 Rutrletod fund• {Continu•dl Prnvlou¥ y•ar. At 1 January Incornlng Re&ourc•s 2022 •xpend•d Trnnsf•Y• At31 DK•mb•r 2022 Combimd ￿ngregatiOn Fabric Fund Invertussa Churth Non specttic l)uilding mair)tenan Ladie5 ￿￿rk Paty 123.407 3.424 (49.672) 61.853 13.4241 169,624 3.424 2.281 3,424 2,281 129.112 34.036 (49.fjr2) 61,853 175.329 Inverfussa Church donations towards maintenanc•. As thts buthjing has been 50hJ the doThor8 gave permission to usa Ihesè fvnds for Olhwbuildings. Ladie8 Wc*k Patywas gNen by th8 ladies of the ¢hurth to be usqd al ￿lT diswbon. Unrn9tr1¢ted 22 The Un￿StrICted funds ol Ihe chaiity comprise the unexpended balances of donations and 9rants whlth are ol subject to specffjc condibons by donors 8nd grantor5 as to how thgy may ba used. These indude d8swnated fvnd$ which have ￿en set asKJe of￿restr￿a8d Iwds by Ihe trnstees for sp8ofic purpo6e¥. At 1 January 2023 1￿mIn￿ Re*ourca• TrnMf•rn our¢H •xppnd•d G•ln8 and At31 D￿mber 2023 General funds 564.114 154.014 1158.815) {411 3.505 562,777 Provlovs year. At 1 ￿nuary 2022 Incomlng resources R8#ovr¢•g oxpended Trnnsfers G•ln¥ and losse* At31 0o¢•mb•r 2022 General lunds 576.259 188.765 (113.75n (61,853) 15.300) 584,114 ALRIADA MID ARGYLL CHURCH OF SCOTLAND OTES TO THE FINANCIAL STATEMENTS ICONTINUED) OR THE YEAR ENDED 31 DECEMBER 2023 Anaty81• oln•t ••g•ts b•l*wn fund UTrrnstrlctsd Restiict•d Endovnnent fund• funds funds 2023 2023 2023 Total 2023 At 31 D•Mrnb•r 2023: T8ngibl& assets Investrnents Current 855etsllliab1l￿OSI 347,0 347,000 77,709 304,811 77,7Tr) 87.237 215,7n 1,797 ,777 164,946 1.797 729.520 Unm¥tsl¢tsd R•stslcted Endovrtnont fuThls funds fund$ 2022 2022 2022 Total 2022 At 31 0￿•MbOl 2022: Tangible a5seis In¥e8tmen Current ass8ts1lliabilities) 347.Ci#l 347,000 78,152 316,088 78,152 97.177 217.114 584.114 175.329 1.797 741,240 RBl•ted party transact10￿* The￿ were no d1Sd¢A￿b1g r8kled p•trsnsaclions during thè year (2022- rh)na). Mln18tsf8 Stlpgnd 25 All Church of Srntland txryregati(￿5 ojntribute to the Na￿nal StyeThJ Fund wh** bears the tO5ts of all Minister￿ sb'p8nd3 and ernployees wntriblrtions n4Uonal insutanLX, aThd housing and loan fund. Mini$le15' stipends are paid in aCcOrdar￿ with the nab.onal stspend Scale, whith 1$ related to yèars of servlce. For the yoar under ravi8W the Minim￿ Yds £28.rn and ihe maxmnum stlpend (In Ihe fifth and subsequent years) £35.269. 26 C?Il•ctlon• forThlrd Parti9¥ 2022 Kilfvsalk (Donald Se￿) GL9$gow City Mis5iOTh TEARFund IhoNest} Klttwalk IMS Centrel Jamie's trealrn8nt lund Poppy Scouand Christian Ald Isond dirgrl Irom CA thlbdionl CFWS (Christmas) 35 111 143 695 1,615 570 3,169 19. ALRIADA MIDARGYLL CHURCH OF SCOTLAND OTES TO THE FINANCIAL STATEMENTS (CONTINUED) R THE YEAR ENDED 31 DECEMBER 2023 Funds held on b•half ofthe congregalk*n by th• Chur¢h of S¢ollaDd G•norn1 Tw•teoS ns ricF ndC8 Cradil Balance al 31 Det8mber2023 (at eost).. £414,(62 (2022". E349.819) Made up 88 fd1Th5.' DeFQSit Fund.. £57,729',12022.. £0) Ir￿rne Fund." £55.196,'12022." £48.481) Grtr•Ah Fund.. £301.13712022". £303,138) Market va￿.. £487.471 (2022.. £4(￿.038) -20- ALRIADA MIDARGYLL CHURCH OF SCOTLAND OTES TO THE FINANCIAL STATEMENTS (CONTINUED) OR THE YEAR ENDED 31 DECEMBER 2023 An4ly8L* of H•tAs￿* atthe d•t• of Meygor Ardrt•h*lg Lochgllph¥d Glassary Kllmartln 11S.056 South Knapdalo B3.265 North Knapilale 101.336 Comblned Total 735.119 NetAss8ts 370.095 Repre8ent8d by.. Unrestricted Funds Restricted Funds Endowment Fsjnds 328.401 39,898 15.561 44.575 70.481 83,265 95,631 5.f05 567,432 165.890 1.797 370.095 85,386 11S.056 83285 101.338 735,119