Peterculter Parish Church of Scotland
Scottish Charity Number: SC001452
Congregation Number: 311913
Report and financial statements
for the year ended
31 December 2024

Peterculter Parish Chureh of Scotland
Contents
Pagt
Trust¢es' report (including reference and adminisirative infomiation)
Independent examiner's report
Statement of financial activities
Balan¢¢ sheet
10
Statement of Cash flows
Notes and 8ttounting policies
12-21

Petereulter P8ri5h Church ofseotland
Report of the Trustees
For the year ended 31 December 2024
The Trustees are pleased to present their report together with the financial staternents of the Church for the yearended 31
December 2024.
Basi5 of preparation
This report has been prepared in accordance with the accounting policie5 set out in note I to the financial statements and
COtnpli¢s wilh the General Assernbly Re%ulations for Congregational Finance. the Charities and Trnstee Investment
(Scotlandl Act 2005. the Charities Ac¢ounis {Scotland} Regulations 2006 {as amended) and "Accounting and Reporting
by Charities.. Siatemeni of RecO￿￿ended Practice applicable to charities preparing their financial statements in accordonce
with the Financial Reporting Standard applicable in the UK and Republit of Ireland IFRS102) effective l January 2019"
Objeftives and aetlvlties
The Church of Scoiland is Trinitarian in doctrine, refonned in tradition and Presbyterian in polit),. It exists to glorify G£KI
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 to-operates with oth¢r Churches in vaTiOUS ¢cumenical bodie5 in Scotland and beyond.
Achicvements and perforrnanc¢
The Church has been in vacancy for th¢ duration of 2024. During January. Sunday worship and pastoral Care were provided
bv Rev Corne Randall.
rom I" Febrnary onward5, the Rev. s￿san Suiherland has been in position as the Locum Mini5t¢r.
as retnained as Interim Moderator throughout the year.
The process of calling a full-time minister commenced in 2024. Perniission to call 8 new minister was granted by the
Presbytery of th¢ North-East and Northern Isles on the 18 December 2023. wilh a Nominating Committee elected on 25
February. The Nominating COM￿l￿¢e has worked hard, producing a Parish Profile, and advertising the vacancy.
Unfortunately, despite their hard ￿Ork, the Church remains in vacancy.
The integrdtion of the fornier Drumoak-Dorri5 parish Continues to progress. Sunday services at both DU￿1$ Church and
DNmoak Church Hall ceased at the end o(2023, but tnonthly, mid-week servic¢s were held in both venues throughout the
year. Attendances at morning worship have steadily increased during the year due primarily to increasing numbers of
forn)er DrUmoak-Du￿iS members attending worship.
The Church of Scotland has instructed that ihe iwo churches at Durris and Drumoak are to be disposed of and have been
put on the market. The Drutnoak chU￿h Hall is to remain in use. The Drumoak-Durris rnanse has been occupied throughout
th¢ year underthe ternis of a Church of Scotland Caretaker Lease 3nd remains as an assei of (he local church. The P¢terculier
manse was occupied on the same basis for the firsi half of the year bui is now vacant and is being upgraded anticipation
of a new minister.
Young Church continues io attract a limited number of children and the Christtn&% Nativity Play was a highlight.
So¢ial activities remain an important feature of church life and a not insignificant contributor io income. Teas and coffees
after Sunday tnorning worship. on Thursday mornings and once a month on Saturdays have continued to fomi an llnponant
part of our fellowship.
Both Peterculter Church premises And DTumoak Church Hall are regularly used during the week by a variety of
organisations. Other ad hoc lets have occuryed throughout the year, fvrther contributing to the ChU￿￿'S income.
Weekly collection5 of foLKI donatlOn5 by the Instant Neighlx)ur charity have continued throughout the year and are gre2tly
appreciated by the charity.
Following a Teorganisaiion of the Alic¢ Sutherland Trust agre¢d with OSCIL these ￿ndS are now included with those of
the Church within the Help Fwid. as the aims of both fimds are similar.

Peterculter Parish Church ol Seotland
Report of the Trustees (continued)
For the year ended 31 D¢ceN]ber 2024
Financial review
During the period under review total incorne was £141,79812023 £302,705) which includcs £nil {2023 £193,095) of funds
transferred following the Union with Drumoak. Ordinary general income from donations from Tn¢Tnbers, excluding
legacies, was similaT to 2023 and our Gift Day thi5 yearrai5ed £3,701 {2023 £4.844), excluding Gift Aid tax to be recovered
and reflected the continuing commitment of our Tnembers to the Church. This is also seen through our weekly coffees on
Thursdays, Saturday5 and Sundays throughout the year thai raised £6,101.
The fmancial statements for this y¢ar in¢lud¢ the income and expenditure of the new United charge for the fi]11 yearwher¢as
the comparative figures reflect those of the former Peterclllter up to the dale of Union on l November 2023 together with
all income of the United congregation fD)m the date of Union together with the transfer of the fund balances from Drumoak
Durri5 at the date of the Union.
The Church building5 continue to be well used by olltsid¢ organisations resulting in in¢om¢ of £13,400 (2023 £10,816).
With increased Costs, in particular heating costs of £16,544 thi5 year, there was an overall deficit on our general unrestricted
funds of £16,070. Designated funds had a small Su￿1v5 of £1,169 and restricted funds £2,813. This resulted in a balance at
the year-end on the general and designated funds of £219,423 (2023 £2J4,324). restricied funds of £28,129 (£25.316} and
an Endowment fund of £11,144 (2023 £10,591).
The Church continues to mainiain its fabric to a high standard. In addzlion. during 2024 a full upgrade of the manse has
comtnenced including the siart of work on a replacement bathroom and shower room before a fvll redecoration of most
other rooms. in anticipation of new minister being called. Step5 are in place to progress the sale of the former Dn]moak
and Durris churches as well as the fomier Drumoak Duryis rnanse. The sale of the fom)eT Durris Church concluded on 14
March 2025.
The coniribution to the Church of Scotland's national organisation is the single largest element of annual expenditure,
accounting for £68,479 and rhe congregation met its 2024 requiremenis in full. The amount that our congregation has
contTibuted is in excess of the salary and related costs of the tninisiry and these funds are us¢d to provide salaries to
ministers, as well as fund the activitie5 of the national organisaiion and the ass¢5smeni of ihe contribution is b&%ed on a
fomiula linked to the receipts into the General fund.
Risk Management
The Truste¢s have considered the principal risk5 that face the charity, in panicular those relating to fjnances, and have put
plans in place in order to Tnitigate these risks as far as possible. These risks fall undeT both fmancial and non-fmantial risks.
With aD ag¢ing congreg81ion and a falling roll, both nationally and locally within the Church of Scotland, the ability to
continue to raise sufficient funds from available resources, in order io meet both local needs and to contribute to the overall
work of the national Church, is important.
On lh¢ non-financial side attention has also been focussed on areas such as fire prevention, health and safety and f(bod
hygiene. These rssks are managed by ensuring accrediiation is up to date, having appropriate polieies and procedures
place and awareness training for all relevant Users of the buildings.
Reserves policy
The chariry Trustees have collsidered the reserves required and have taken into account theiT current and future liabilitieg.
It is Ihe Trustees, policy to hold reserve5 of at least 12 months expendiiure excluding designated funds. At the end of the
year the Church held unrestricted reserves of £219,423 of which £84.212 had been designated to fabric and other funds as
specified in not¢ 12 10 the financial stat¢mentS.
The Church also held £28.129 (2023 £25,316) of restricted fl￿dS which have been provided for the purposes specified tn
note 12 to the financial statements.

Petcreulter ParRsh Church of Scotland
Report of the Trustees (continucd)
For the year ended 31 DeceTnber 2024
Structure* governance and management
(a) Constilution
The Church is adminisieied in accordance wilh ihe terms of the Deed of Constitution (Unitary forml and 15 subje¢t to
the Acts and Regulations of the general Assembly of the Church of Scotland. The Church is recognis¢d as a charity,
number SCOO1452, by rhe OfFite of the Scottish Chaiiiies Regulator in accordance with the provisions of The Charities
and Trustee Investment (Scotland) Act 2005.
{b) Trustees
Members of the Kirk Session are the current Trnstee5 of the Charity. The Kirk Session members are th¢ ¢ldtrs of the
chU￿h and are chosen from those members of the Church who are considered to have (he appropriate gifts and skills.
The Minister, who is a Tn¢mb¢r of the Kirk Session. is ¢l¢cied by the congregation and inducted by Presbylery.
{¢) Organisation
The Kirk Session is notmallj. moderat¢d by the minis￿r, but during the vacancy, has been moderated by the Interim
Moderator ond meets ai least five times in a year. Certaitj responsibilitses are delegated (o the Finance & EX￿utiVe
Committee and the Property Committee as approprEate. The Kirk Session is responsible foi both the SPiTltual and
temporal affairs withtn the Church.
Referellce and 4dministrAtiYe illformglion
Charity registration number:
Congiegation numb¢r'.
Operational address..
Trustees
Trustees, who include the prin¢ipal office-bearer5, who served since l January 2024 were..
SC001452
311913
2 Craigton CrescenL Peterculter, Aberdeenshire, AB14 OSB
Princi
Congregational Treasurer
Session Clerk to 301612024
Session Clerk from 11712024
Interim Moderator
Indepeiideii( F.xJm iiil'r
Bankers
The Royal Bank of Scotland plc, 40 Albyn Place. Aberdeen ABIO I I

Peterculter Parish Church of Scotland
Report of the Trust¢e5 (continued)
For the year ended 31 December 2024
Statement of Trustees, r¢5ponsibilities
The charity Trustee5 are responsible for preparino a Trustees. annual rewrt and fin3ncial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdorn Generally Accepted AecountEng Prattice).
The law applicable to charities Scotland requires the thariti, Trustees to prepar¢ financial staternents for each ftnancial
year which giv¢ a true and faiT vi¢w of the State of affair5 of the charity as at ihe end of the financial year and of the income
and ¢xpenditure for that year. In preparing those financial statetnents, the Trustees are required to:
s¢lect suitable accounting policies and then apply them consistcntly;
observe the method and principles in the applicable Charities SORP.
make judgements and estimates that are reasonable and prudent;
.%tate whether applicable accounting standards and statements of recommended praciice have been followed,
subject to any departures disclosed in the fman¢ial stat¢ments,' and
prepare ihe financial statetnent5 on the going concert) basis unless it ￿$ inappropriate to presume that the Charity
will continue in bllsine5S.
The Trustees are responsible for keeping pioper accounting records which disclose with reasonable accuracy at any time
the financial posiiion of the charity and enable them to ensure that th¢ financial Statements comply with the Charities and
Trnstee Jnvestment {Scotland} Act 2005 and the Charities Accounts {Scotlandl Regulations 2006 {as amended). They are
also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for Ihe prevention and
deteeiion of fraud and other Ktregulariiies.
The Twstees are responsible for the mainienance and integrity of the charity and financial infomaiion on the
congregation's website. Legislaiion in ihe Uniied Kingdom governing the preparation and disseminaiion of financial
statements Tnay differ frorn legislaiion in other jurisdictions.
roi'ed bN" thL Frusiees
ebsioil Llerk
l April 2025

Peterculter Parish Church of Scotland
SC001452
Independent Exalniner's report to the Trustees of
Peterculter Parish Church of Scotland (or the year ended 31 Deternb¢r 2024
I report on the a¢counts of the charity for the year ended 31 December 2024 which are set out on pages 8 to 21.
Respeetive respon5ibilitie5 of Trustces and independent examiner
As described on page 6 the Trustees are responsible for ihe prepaiation of the accounts in accordance with the tenns of the
Charities and Trustee Investtnent (Scotland) Act 2005 and the Charities Accounts {Scotland) Regulations 2006 (as
amended}.
The Trustees ¢onsideT thai Ihe audit requ2reTnent of Regulaiion 10(1} {a) to Ic) of the Accounts Regulations does noi apply.
It 15 my responsibility to examine the accounts as required under section 44{1} (c) of the Act and 10 state whetherparticular
matters have ¢ome to my attenrion.
Basis of iNdepend¢nt examiner's stsiement
My exatnination is ¢aryied out in accordance with Regulation I l of the Charities Accounts Iscotlandl Regulations 2006
(as amended). An examination includes a review of the accounting re¢ords kept by the charity and a comparison of the
accounts presenEed with those records. It also Èncludes consideration of any unusual item5 Qr disclosures in the accounts
and seeks explanations from the Trustees eoncerning any such matters. The procedures undertaken do not provide all the
evidenee that would be required in an audit and consequently I do not express an audit opinion (Trn the view given by the
accounts.
Jndependent examiner's statement
ID the course of My examination, no matter has to Come to my attention
which gives me reasonable ¢ause to believe that in any tnaterial respect of the requirements..
to keep accountEng records in accordance with Se¢tion 44{1) (a) of the 2005 Act and Regulation 4 of the
2006 Account5 Regulations {as amended), and
to prepare accounts which accord with the accounting records and comply with Regulation 8 ofthe 2006
Accounts Regulations (as amendcdl
have not been met, or
to which, in my opinion, attention should be drawn in order to enable a proper widerstanding of th¢ accounts
lo bL fLdclied

Pet¢rculter Parish Church ofscotlaDd
Statement of Financial Aetivities
Ytar ended 31 December 2024
Unrestrictcd
Funds
2024
Restricted
Funds
2024
Endowment
Funds
2024
Total
2024
Tot#1
2023
Note
Incorne
Donation5 and legacies
Charitable activities
InveSt￿entS
Other
104,443
24,988
8,211
1,220
105,663
24,988
9,237
84,317
21,612
3,681
473
553
Total income
Eyp¢nditure
RaÈsing funds
Charitable activities
1,981
152932
1,981
153 731
2,148
122 513
799
Total expenditure
79
r4et in¢ornel(expenditure) before
gains and losses on investments
117,271)
2,804
553
(13,914)
178,044
Net gains I (losses) on investments
Net income / (expenditure)
{14,892)
2,804
553
{11,535)
180,621
Transfers between funds
P4et mol'ement ID funds
(14,901)
2,813
553
{11,535)
180,621
Reconeiliation of funds
Funds brought forward
12
234 324
270231
Funds carried forward
12
The statement of f]nancial a¢tivities includes all gain5 and losses retognised in the year.
All income aDd expenditure derive frotn continuing activities.

Peterculter Parish Chureh of Scotland
Stalement ol Firtaneial Activilies
Year ended 31 Deeember 2024
Unrestricted
Funds
2023
Restrieted
Fund5
2023
Endowment
Funds
2023
Total
2023
Note
Income
Donations and legacies
Charitable a¢tiVilies
Investments
Other
82,235
21,612
3.369
176666
2,082
84,317
21,612
3,681
193 095
89
223
Total income
Expenditure
Raising funds
Charitable activities
2,148
119461
2,148
122 513
Total expenditure
Net Into￿e/(eXptnd1I￿re) belore
gains and losse5 on investments
162,273
5,180
10,591
178,044
Net gains l (losses) on investhienis
Net income / (expenditure)
164,850
5.180
10,591
180,621
Transfers between funds
Net movement in lunds
164,841
5,189
10,591
180,621
Reconciliation of funds
Funds brought forward
12
Funds carried forward
12
The ststement of fmancial activities includes all gains and losses recognised in the year.
All intome and expenditure derive from continuing activities.

Peterculter Parish Church of S¢otland
Balance sheet as at 31 DeceN]ber 2024
2024
2023
Note
Fixed Assets
Invc5ttncnts
Current assets
Debtor5
C&sh at bank and in hand
io
17,874
203 520
221,394
12,966
215 744
228,710
Creditors: amounts falling due
within one year
Creditors and accruals
Net eurrent assets
Total assets less current liabilities
58
2JJl
The funds of the charity:
Endowment funds
Unrestricted income fvnds
Restricted income funds
12
12
12
11.144
219,423
10,591
234,324
Total charity funds
12
The account5 were approved by the Kirk Session on l April 2025
For and on behalf of the Kirk Session
10

Peterculter Parish Church of Scotland
St2tement of Cash Flows
Year ended 31 December 2024
Note
Totsl
Funds
2024
Total
Fund5
2023
Net cash used IN operating activities
16
Cash flows fron] inve5tfftng Activities:
Interest and dividends
Investments introduced
9,237
3.681
Net ¢ash provided by investing activities
Cash nows from financing 4¢tivities
Repayment of borrowings
Net ¢ash provided by financing activities
Change in cash and eash equivalents in the year
(12,224)
139,905
Cash and ¢ash equivalent5 brought forward
215 744
Cash and Cash equivaltnts carried forward

Ptterculter Parish Church of Seotiand
Notc5 and aceounting policies
Year ended 31 Deecmber 2024
Accounting policies
The principal accounting poli¢ies, which have been applied consistenily in the current and preceding accounting year in
dealing with items which are consideTed to be material to the r]nancial ststements. are set out below.
la) Basis of preparation
The flnancial siatements have been prepared in accoidante with the Statement of Recommended Practice..
Accounting and Reporting by Charities applicable to tharities preparing their accounts in accordance with the
Financial Reporting Siandard applicable in the UK and Republic of Ireland (FKS102) issued on 16 July 2014 and
the Financial Reponing Standard applicable in the UK and Republic of Ireland IFRS102), (as amended for
accounting periods commencing l January 2019), the Charities and Trnstee Investment {Scotland) Act 2005 and
the Charitie5 Accounts {Scotland) Regulations 2006 (a5 amended).
The chU￿b wnsiitutes a public benefit entity as defined by FRSIO2.
The financial statements are prepared in £ sterlin& which is th¢ functional CLurency of ihe charity.
(b) Income
All income is recognised in the statement of financial activities when the charity has entiilemeni io the funds. any
perforniance condiiions attached to the item(s) of income have been meL li is probable that the income will be
received, and the amouni can be measuTed reliably.
Donated services and facilities
Donated professional services and donated facilities are recognised as income when the chariry has control over
the item, any condiiions associated with the donated item have been met, the receipt of economic benefit from the
Use by the charity of ihe item is probable and that the econtsmie benefit can be measured reliabl}'. In accordance
with the Charities SOiiP (FRS102) the general volunteer time of congregation members is not re¢ognised.
On receipt, donaTrd professional services attd dorta￿d facilities are recognised on the basis of the value of the gift
to the charity which is the amount the charity would have been willing io pay io obtain the services or facilities or
equivalent economic benefit on the open market. a corresponding amount is then recognised as expenditur¢ in the
period of receipt.
Interest reeeivable
Interest on funds held for depgsit is included when receivable and the amount can be measured r¢liably by the
charity. this is normally upon Dotification of the interest paid or payable by ihe Bank.
(c} Expenditure and irrecoverable VAT
Expendi￿re is recogni5ed once there is a legal or Constructive obligation to make a payment to a third party, it is
probable that settlement will be required, and the atnount of the obligation can be measured reliably. Expenditure
can be classifjed under the following activity headings..
Costs of raising funds comprise the costs of w¢¢kly offering envelopes and ihe direct costs associated with
fundraising events.
Expenditure on charitable activitie5 includes all other costs associated with the runningof the charity to further
its purposes and the associated 5UPPOrt costs.
Ir￿0Verable VAT is charged as a tost against the aciiviry for which the expenditure was incurred.
12

Peterculter Parish Churth of Scotland
Notes Ond accounting policies (Cont'd)
Year ended 31 December 2024
Accounting polieies {¢ontinued)
(d) Operating leases
The charity elassifJ¢s the lease of printing equipment as an operating lease. the tEtle to the equipment remains with
the lessor and the equipmeni is replated every 5 years whilst the economic life of such equipment is nomally 10
years.
Renthl clwges are charged on a straighi-lin¢ basis over the period of the lease.
(e) Fund aeeounting
Funds are classified as ¢ither restricted funds or unrestricted funds, defined as follows-.
Unrestricted funds are expendabl¢ at the discretion of the Trustees in furtherance of the objetiives of the
charity. If parts of the general fund ar¢ earniarked at the discretion of the Trustees for a particular purpose
they are designated as a separate ￿nd. The designation has an administrative purpose only and does not
legally restrict the Trustees, discretion to apply the fund.
Restricted funds are subject to specific restrictions as to their use which may be declared by the donor or wilh
their authority or created through legal process, but still within the wider objetts of the charity.
Endowm¢Dt funds are funds which have been given on condition thai ihe original capiral sum is not reduce(L
but the income therefrom is used for the purpose defined in accordance wilh the objects of the charity.
(fj Tangible fixed assels
The charity has the right to occupy and use for its charitable objects certain fixed assets including the Churc
halls and manse vested in the Church of Scot18nd General Trustee5. No consideraiion is payable for the use of
these assets. Expenditure incurred on the repair and Enaintenance of these a55ets is charged as expenditur¢ in the
statement of finantial activities in the period in M'hich the liability arises.
(g) Taxation
The charity is exempt from tax due on income and gain5 falling within sect20n 505 of the Income and Corporation
Taxe5 Act 1988 or seciiort 256 of the T&Yation of Chargeable Gains Act 1992 to the extent thai these are applied
to its charitable objects. No t&x charge5 have arisen in the charity.
(h) Golng eoncern
At the time of approving the financial Statements the Trustees have a reasonable expectation that the charity has
adequa￿ resources to confinue in operatsonal existence for ihe foreseeable future. Thus the Trustees continue to
adop( the going ¢on¢ern basis of accounting in preparing the financial statements.
(i) Cash and ea5h equivalents
Cash and cash eouivalents include cash in hand, deposits held on call with banks. other short-temi liquid
investments with original maturities of thre¢ months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in ¢urreni liabilities.
(i) Investments
Fixed asset investments are initially measured at transaction price and are subsequently measured at fair value at
each reporting date. Unrealised gains and losse5 representthe difference between the market value at thebeginning
and end of the financial year or, if purchased in the year. the difference between cost and tnarket value at the end
of the year. Changes in fair value are recognised in net income {expe[jdi￿rel for the year. Realised gains and
losses represent the difference between the proceeds and the market value at the start of th¢ year or cost if
purchased in the year.
13

Petereult¢r Parish Church of Scotland
Notes and #ccounting policies (cont'd)
Year ended 31 De£t￿ber 2024
Accounting policies (tontinued)
(k) Financial instrurnents
The charity ha5 elected io apply the provisions of S¢ction I I 'B35ic Financial Instruments" and Section 12"Other
Fitlancial Instrumenr issues of FRS102 to all its financial instruments.
Financial in5truTnents are recognised when the charity be¢oTnes party to the contracrnal provisions of the
ill5trument.
Financial assets are offset, with The nei amounrs Presented in ihe ac¢ounts when there is a legally enforceable right
to set off the recognised amounts and there is an intention to settle on a Det basis or to realise the asset and settle
the liability simultaneously.
Basie financial 2s5ets
Basic financial assets, which include debtors and cash and bank balances, are initially Tneasured at transaction
price including transaction eosts and are subsequently Ca￿ led ar amortised ¢o5t using the effective interest rnethod
unless the arrangements constitute a financing transaction, where the transaction is measured at the present value
of the future receipts discounied ai a market Tate of interest. Financial assets classified as receivable within one
year are not amort15ed.
Basie finantial liabilities
Basic financial liabiliiies, including Creditors and bank loans, are initially recognised ai transaction price unless
the arrangement5 constitute a financing transaction. where the debt instrnment is measured at the preseni value of
the future pavments discounted at a market rnte of interest. Financial liabilities classified as payable within one
year are not amortised.
Debt instn]ments are subsequently Carried at amort15¢d cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of
operations from suppliers. Amounts are classified a5 currcTit liabilitie5 if payment is due within one year or less.
If ntsl, they are presented as non-¢urrent liabilit2es. Trade creditors are recognised initially at transaction price and
5ub5equently measured at amortised cost using the effective interest method.
Derecognition tsf financial liabilities
Financial Isabilities are derecognised when the charity's cgntrdctual obligaisons expire or are discharged or
cancelled.
(11 Employee benefits
The costs of short-tern) employee benefits are recognised as 8 liability and expense, unless these costs are required
to be recognis¢d as pan of ihe cost of siock or fixed assets.
The cost of any unused holiday entitlement is r¢cognis¢d in the period in which the employee'g services are
received.
2. Critical aecounting estimates and judgements
In the application of the eharity's accounting p)licies, the Trustees are required to make jlldgetnents, estimates
and assumptions about (he canying amount of assets and liabilities that are not readily appaient from other sources.
The esrimaies and associated assumptions are based on historical experi¢n¢e and other factors ihai are considered
to be relevant. A¢tsal results may differ from ihese estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. R¢visions to accounting estiTllate5
ar¢ recognised in the period in whieh Ihe estimate is revised where the revision only affects that period, or in the
period of the revision and future period where ihe revision affects both curr¢nt and futhre period%.
14

Peterculter Parish Church of Scotland
Notes gnd aetounting policies (eont'd)
Year ended 31 December 2024
DonAtkons and legacies
Year to 31 December 2024
Unrestricted Restricted Endowment
Funds
Funds
Furtd5
Total
2024
Offerings
Tax recovered on gift aid
Endowment in¢ome
Legacies
Glebe Tent
Other donations and grdnis
69,654
12,225
2,780
10,327
4,601
69,654
12,225
2,780
10,327
4,601
Year to 31 Dec¢rnber 2023
Unrestricted Restricted Endowment
Funds
Funds
Fund$
Total
2023
Offerings
Tax recovered on gift aid
Endowment income
(hher donations and grants
68,389
12.3(X)
1,066
480
68,389
12,300
1.066
082
4. Income Irom charitable activities
Year to 31 December 2024
Unrestricted Restrieted Endowment
Funds
Funds
Funds
Total
2024
Regular fundraising events
Weddings and funerals
Use of premises
Other
8,052
1.282
13.400
8,052
1.282
13,400
Year to 31 December 2023
Unrestrict¢d Restricted Endowment
Funds
Fund5
Funds
Total
2023
Regular fundraising events
Weddings and funerals
Use of premises
Other
7,084
460
10.816
7,084
460
10.816
15

Pel¢rculter P8ri5h Chureh of Scotl8nd
Notes and ae¢ounting policies (cont'd)
Year ended 31 D¢cenJber 2024
5. Investment income
Year to 31 December 2024
Unrestricted Restricted EDdowment
Funds
Funds
Funds
Total
2024
Deposit fund inierest
Interest on tax re¢overed
Bank interest
6,984
134
446
553
7,983
134
27
Year lo 31 December 2023
Unrestricted Restricted Endowment
Funds
Funds
Funds
Total
2023
Deposit fund interest
2,693
68
223
2,984
Interest on tax recov¢red
Bank interest
29
647
29
668
6. Other
Year to 31 December 2024
Unrestricted Restricted Endowrnent
Funds
Fund5
Funds
Tot#1
2024
Transfer Alice Sutherland Trust
Year to 31 December 2023
Unrestricted Restrictcd Endowment
Funds
Funds
Vunds
Total
2023
Transfer of Union balances
95
Anglysi5 of expenditure
Unrestricted Restricted
Funds
Fund5
Totsl Unrestricted Restricted
2024
Fund5
Funds
Total
2023
Raising funds
Oftering envelope5
Fundraising cosis
224
224
239
239
16

Petercult¢r Parish Chureh of Scotland
Notes and accounting policies (cont'd)
Year ended 31 Deeember 2024
7. Analysis of expenditure (cont'd)
Unrestricted Restrieted
Fund5
Funds
Total Unrestricted Restrieted
2024
Fund5
Funds
Total
2023
Charktable activitie5
Giving to Grow allocatson
Locum costs
Presbytery dues
68,479
13,936
68,479
13,936
715
86,130
1,291
633
15,837
16,130
24,397
3,201
70,234
70,234
86,130
1,291
633
15,837
16,130
24,397
3,201
71.964
170
2,565
13.911
6,052
16.638
3.352
71.964
170
2.565
Minister's expenses and council t&
Pulpit supply
Other salary costs
Fabric repairs and tnaintenan
Other building costs
Church offJ¢e expenses
Other expenses
6.052
16.638
3.352
799
Suppon costs have not been separately identified as the Trustees consider that there is only one eharitable activity.
Therefore, supwn costs relate wholly to that activity and have not been separately identified.
8. Emolumellts and staff costs
Staff eosts were as follows:
2024
2024
Wages and Salaries
Employer's national insurance
15,837
No employee received remuneration of more than £60,000 per annum.
The average number of etnployees during the year, calculated on the basis of a head count, was as follow5..
2024
Nufftber
2021
Numbei
Admrni5tration
Pretnise5 maintenance
Music staff
Total
All Church of Scotland congregatLOll5 contribute to the National Stipend Fund which bears the rosts of all ministers,
stipends and eTnployer's contributions for national insurance, pension and housing and loan fund. Ministers, stipends
are paid in accordance with the national st1pe￿d scale, which is related to years of service. For the year under review
the minimutn stipend was £31,642 and the maximum stipend (in the fifth and subsequent years) was £38,884.
9. InvtttTNent5
2024
2023
As at 31 December 2023
Transfer of Union balance
Unrealised gain in year
As at 31 December 2024
47.267
44,690
17

P¢tereulter Parish Churth of Scotland
Notes and accounting policies (eont'd)
Year ¢nded 31 December 2024
10. Debtors
2024
2023
Gift aid tax recoverabl¢
Other debtors
12,725
12,570
396
11. Creditors: amtsunts falling due within one year
2024
2023
Accruals
Other creditors
6,662
2.900
12. Movements in funds
l Jgnu8ry
2024
Incoming Resourees
Resources
Expended
Unrealised
Gains
31 December
2024
Transfers
Unre5tri¢ted funds
General fund
Designoted funds..
Social fund
Session fund
Fabric fund
151,281
124,112
{141,849)
(7121
2.379
135,211
61
12,000
{4971
500
64
12,000
203
Restricted funds:
Help fund
Key deposit
Rogie bequest
Young church
Flower fund
Resthcted funds
AV fund
Benevolent Fund
Flora Donald
Development
Walker legacy
Walker grave
Boyd headsione
Charity fund
2,739
77
100
2,926
2,052
5,385
825
1,469
122
4,502
1,003
392
35
2.088
5,119
9,946
78
100
3,534
1,873
5,385
825
1,757
129
4.502
674
545
(75)
(724)
288
(1,003)
(392)
135)
12
Endowment funds
Totgl fund5
Represented by:
Unrestricted Restricted
Funds
Funds
Endowment
Funds
Tot81
Investments
Nei cu]Tent 85sets
49.646
169 777
49,646
209 050
219423
18

Petereulter Parish Church of Seotland
Notes and accounting policics (cont'd)
Year ended 31 December 2024
l January
2023
Incoming Resources
Resources
Expended
31 December
2023
Tr8nsfers
Unreali5ed
gains
Unrestricted funds
General ￿nd
Designated funds:
Social fund
Mid-week lunches
Session fund
Fabric fvnd
28,952
239.591
(119,526)
(313)
2,577
151.281
19
196
{458)
500
(196)
61
12,0(K)
12,000
Restrieted funds".
Help fund
Key deposit
Rogie bequest
Younts church
Flower fund
Restricted funds
AV fund
Benevolent fund
Flora Donald
Development
Walker legacy
Walker grave
Boyd headstone
Charity fund
2,682
76
100
2,299
,216
5.385
3.250
57
2,739
77
100
2,926
2,052
5,385
825
1.469
122
4,502
1,003
392
35
670
{52}
(575}
(2,425)
1,469
122
4,502
1.003
392
35
Endowment fund5
Total funds
Represented by:
Unrestricted Restricted
Funds
Funds
Endowmcnt Tot41
Funds
Investments
Net Current assets
47,267
187 057
47.267
10 591 222 964
Purpose of Vunds
Design8ted funds
S(Kial fund.. A fund io provide 5UPPOrt for social and fundraising activities.
Mid-week lunches". Funds to provide lunches for ihe community.
Session fund.. Fund5 to be Ut￿lised at the discretion of Session for futur¢ fabric works.
Fabric fund.. Funds set aside for fabric repairs of a maiers21 or capital nature out with nornlal repairs.
19

Peter¢ulter Parish Church of Scotland
Notes 8nd accounting policies {cont'd)
Year ¢Dd¢d JI December 2024
Restricted funds
Help fund.. To provide suppon to ihe poor of ihe Parish.
Key deposit fiind". To hold key deposi1% nei of replacement lock costs.
Rogie bequest.. To provide an annual income io ihe Young Church.
Young church.. To receive colleciions for specific chariiable donations and the running ofthe group.
Flower tund.. l o provide flowers during the seivices of worship and oiher occasions within Ihe Church life.
Restiicied funds.. To hold funds for speLific fabric WOTk on Church building repairs.
AV Fund.. To hold funds to improve the streaTning of services.
Benevoleni fund.. To hold funds for special needs wiihin the parish.
Flora Donald bequest.. To hold funds for fabric PUTposes at Drumoak Church.
Developmenr fund.. To hold ￿ndS for upgrade work and equipmeni at Drumoak Church.
Walker legacy.. Interest on capital to be paid to the incumbent minister.
Walker ¥rave". Inwest on capital to be used for the upkeep of the Walker headstone.
Boyd head5tone'. Interest on capital to be used for the upkeep of the Boyd Headstone.
Charity fund". This fund contains many STnall Icgaeies principally for the poor.
13. Controlling party
The charity is under the control of the Trustees, as delailed on page 5 throughout the ¢l￿reAt and preteding year.
14. TTllStee remuneration and related party tran$8ctions
During the year under revi¢w the charity r¢imburscd ¢xpcn5C5 of £3,684 10 6 Trnstees. In addition. the Charity paid the
followin(p TDJstees. or those related to them. for service5 Supplied as follows..
Related party
Transaction
Arnount
Outstanding
Organist
Salary
2,138
No other Trustee. or a p¢rson r¢lated to a Irustee. had any personal interest in any contract or iransaetion entered into
by the charity during the y¢ar.
t)uring the year a total of £21,159. ¢xcluding CJift Aid, wa5 donated to the congregation by Trustees.
15. Volunteers
In cotnrnon with all Congregations of the Church of Scotland the congregation benefits from the contributson made by
volunteers who give theiT time and talents willingly for the benefit of the Church. The areas of congregational life
whi¢h rely on the contribution of volunieers are many and varied and much of the activity would be unable to continue
were li not for the commilmenr shown.
16. Reconciliation of net movement in funds to net cash flow from operating aetivities
2024
2023
Nei movement funds
Deduct interest income
Gains l Losses on investments
Decrease l {increasel in debtor5
Increase I (decrease) in creditors
(11,535)
(9,237)
(2,379}
(4.908)
180,621
(3,681}
12,5771
3,090
Net eash used in operating activitie5
20

Peter¢ult¢r Parish Church of Scotland
Notes and accounting policie5 (cont'd)
Year ended 31 December 2024
17. Operating lease commitments
At the reporting end date the charity had outstanding commitments f(Trr future minimum lease payments under non-
cancellable opeiating leases which fall due as follows..
2024
2023
Within one year
Between two and five years
1.000
1,000
The operating lease represents a lease of a multifun¢tion device frorn a third party. The lease term 15 over S years and
rentals are fixed for the full terni of the lease. Expenditure for the year in respect of this lease amounts to £1,000 {2023
£ 1,000)
18. Collection5 for other Charities
During the year ihe Church also undertook various collections for other Charities as follows..
2 The Nations
Aberdeen Sireei Pastors
ChTlStian Aid
Poppy5¢0tland
Let This Little Lighi
UNJCEF- Jars of Grace
542
227
683
686
227
60
21

Peterculter Parish Church of Scotland
Appendix to the fin#n¢ial statement
Year ended 31 Decen]ber 2024
Funds held on behalf of the congregation by lh¢ Church of Scotland General Trustees
2024
2023
Capital account
Credit balance at 31 December 2023 at cost
284,594
Transfer of Union balance
240,169
Transfer from Con501idaied Fabric fund
Credit balance at 31 DeCem￿r 2024 ai cosi
Market value of balances ar 31 December 2024
Revenue aeeount
Credit balance at 31 DecemLYr 2023
43,902
Transfer of union balance
37,407
Inve5tmeni income
17,104
6,495
Admin costs
Credit balance at 31 December 2024
Temporary Fund5
Debit balance at 31 December 2023
Dtumoak
(1,956)
Durris
Debit balance at 31 December 2024
22