FYVIE PARISH CHURCH End of Year Financial Statements Year Ending 31 December 2024 Registered Scottisli C.liai'ity Number.. SLU01475 Church of Scotland Congregation Number: 342020 Page I Jw.fyviechurch.org.uk
Reference and Administrative Information charf¢y Narne Fyvte Parlsh church charity Reglstratlon Number SCOD1475 Church of Scotland Congregation flefenCe No 342020 Contact Address Mlnister Session Clerk Keeper of the. Roll (hufth Officer Fabrlc Convener Independent Examiner Banke.rs Virgin Money Twstees Registered Scottish Charity Number.. SCOOI475 Church of Scotland Con8re8ation Niimber: 342020 Page 2 www.fyvlechurch.grB.uk
Trustee's Annual Report- Year ended 31 December 2024 Structure, Governance and Management Governing Document The ChLJrch is administered in accordance with the terms of the Deed of Constitutlon Recruitment and Appointment of Trustees Members of the Kirk Session and the Congregational Board 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 to have the appropriate gifts and skllls. The Congregational Board is appointed from within the congregation and member5 of the congregatlon are invited to nominate individuals who are believed to have the skills and commitment to contribute to the management affairs of the Church. Board members are then appointed at the Stated Annual Meeting and serve for a period of three years after which they must seek re-election at the next Stated Annual Meeting. Organisational Structure The Congregational Board Is chaired by the minister. Certain responsibilities are delegated to the Finance Group and to the Property Committee as appropriate. The Kirk Session which met five times during 2024 is responsible for the splritual affairs within the Church. Within the Se55ion, separate groups have responsibility for publicity and pastoral care. Objectives and Activities The Church of Scotland is Trinitarian In doctrlne. Reformed in traditlon and Presbyterian in polity. 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 and throughout a territorial ministry. It co-operates with other Churches in various ecumenical bodies in Scotland and beyond. Worship is held every SL¢fbday during the year with joint Service5 during the summer months with Rothienorman Parish Church. Online weekly seNices of worship were also made available for all to view. Special services for Weddings, Funerals and Baptisms are also held if and when required. Under the direction of an organist and choir mistres5, a choir which is open to all in the congregation and community leads praise on Sundays as well as participating in other mu51cal events in the parish and beyond. Glebe House Church Centre, owned by and adjacent to Fyvie Parish Church, is used by many affiliated church group5 a5 well as community organisations. Church groups include a Woman's Group. Achievements and Performance There is a core group of worshippers who join together most Sundays for worship. the numbers varying depending on the time of year due to the Parish being 51tuated in a rural community. Registered Scottish Charity Number.. SLU01475 Church of Scotland Congregation Number.. 342020 Page 3 www.fyviechurch.org.uk
During 2024 the Women's Group, Yoga Grouptr Communlty Choir, Sewing Group and Book Group met and various annual fund raising activities carried out. These activitles alonE Wlth hire of Glebe House for Community Council meetings and general election voting generate invaluable income. Garage sales, communion lunch and coffee mornings were held at Glebe House during the year along with a weekly Soup Cafe. All are very popular and as well as rai5in8 funds, provide a great opportunity for fellowship within the wider communlty. The Women's GroLtp meet monthly wlth various speakers at their meeting5. Their help at fundraising is invaluable. A yoga and pilates group regularly meet at Glebe House and this also generates income. The Church continues to provide pradice and concert facilities for the Community Cholr at Fyvie which has over 40 members. The Church also provlded the facilities for various musical events and Community Choir concerts as well as participating in Aberdeenshire Councils Doors Open Day5 in September. Financial Review The Charity's principal source of income is donations from members and Gift Aid tax refunds. Substantial funds were raised by members through activities such as the garage sales, coffee mDmings, Soup Café, musical events and donation5 by the Community Choir, Yoga Group, Womens Group, Sewing Group and Book Group. Reserves Policy The Trustee's policy is to hold reserves equivalent to 3 months running costs including pay1£160001 to provide for the continuing work of the Church and to maintain its properties. This is achieved by maintaining investments that generate income. At present there are no specifically desi8nated fund5. This policy is subject to an annual review. The sale of the Scout Hut and Earages adjacent to Ardlogie House (formerly the Old Manse} was flnali5ed in January 2019. These funds went into a Consolidated Fabrlc Fund and current balance 15 £52.020. Statement of Trustee's Responsibilities The members of the Congregational Board must prepare financial statements whlch give sufflcient detail to enable an appreciation of the tran5actlons of the Church during the financial year. The Members of the Congregational Board are responsible for keeping proper accounting records which, on request, must reflect the financial posltion of the Church at that time. This must be done to ensure that the financial statements comply wlth the Charities and Trustee Investment (Scotlandl Act 2005, the Charities Accounts (Scotlandl Regulation5 2006 as amended by the Charities Accounts (Scotlandl Amendment Regulations 2010, and the Regulations Anent Congregational Finance approved for by the General Assembly of the Church of Scotland in 2007. They are a150 responsible for safeguarding the assets of the Church and must take reasonable steps for the prevention and/or detection of fraud and other irregularitles. Registered Scottish Charity Number.. SC001475 Church of Scotland Congregation Number.. 342020 Page 4 www.fyviechurch.org.uk
Approved by the Trustees and signed on their behalf. Clerk tu the Kirk Session Date.. 11 fvlwrcli £OLS Registered Scottish Charity Number.. SC001475 Church of Scotland CowTrgreEation Number.. 342020 Page 5 www.fyviechurch.org.uk
Fyvle Partsh Church SC001475 Independent Examlnees Report to the Trustees of Fyvie Parlsh church I report on the atcounts of the charity for the year ended 31 December 2024. which are set out on pages 7tol2. Respertive responslblliti85 of tllSStees and examiTreT The charity's trustees are responsible for the preparation of the accounts In accordan with tlie terims of the Charities and Trustee Investment (Scotlandl Acl 2005 and the Charities Accounts Iscotlandl Regulations 2006. The charity trustees consider that the audlt requlremÈnt of Regulalion 1011) {dl of the Acr.ounts Regulations does not apply. It is my re5pDnsibilily to examine the account5 as required under sectKJn 44111 Icl of the Act and to srate whether particular matters have come to my attention. Basis of independent examlnerfs 5tatemefit My exawninJtion is cariied out in accordance wf(h Regijlation 11 of the Charitles Accounts (Scotlandl Regulations 2006. An examinatlon Includes a review of the accounting rewrds kept by the charity and a comparison of the accounts presented wlth those records. It a150 includes conslderation of any unusual Items or disc105ures in ihe account5, and seeks explanations from the trustees concerning any such matters, The procedures untlertaken do not provide dll the evidence that would be required in an audit, and consequently I do not eKpress an audit oplnion on the view given by the accounts. Independent examlnerfs ststement In the course of my examination, no matter has come to my attentioii. which gives me reasonable cause to believe thal Iii any material respect the requirements: to keep accounting records li) accordance with Section 4411) lal of the 21K)5 Act and Regulation 4 of the 2006 Accounts Regulations, and to prepare accounis which accord with the acLountin8 records and comply with Regulation 9 of the 2006 Accounts Regulations have not been met, or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Date.. 15 April 2025 Registei"ed Scottisli Charity tyumber: SC001475 Church of Scotland Congregatlon Number-. 342020 Pae 6 www.fyvlechurch.orÉ.uk
Fyvle Parish Church Receipts and Payments Account Year ended 31 December 2024 Unrestrlrted Restricted Endowment Total Funds Funds Funds 2024 Total 2023 Receipts Donations Legacies Activities for generating funds Bank & Deposit Income Investment Income other Income- Consolidated Fabric Fund Note 25,381 106 5,489 534 4,642 25,381 106 5,489 534 4,837 28,074 2,500 4.177 658 4,129 194 36.153 194 36,347 39,539 Rental of Premises Sale of Assets Sales of Investment5 Grants Weddings & Funerals Other Receipts Total Recelpts 825 825 355 2,135 3,803 42,916 2,135 3,803 43,110 1,070 2,332 43,296 194 Payments Cost of generating fLtnds Charitable Activitie5 Governance Costs Adjustment Total Payments 47,395 47,395 49,202 47,395 47,395 49,202 SurplusllDeficit) for year 4,479 194 4,285 Registered Scottish Charity Number: SC001475 Church of Scotland Congregatlon Number.. 342020 Page 7 www.fyviechurch.org.uk
Fyvie Parish Church Statement of Balances At 31 December 2024 Unrestricted Restrlcted Endowment Funds Funds Funds Total 2024 Totsl 2023 Bank & Deposlt Balance5 Bank & Deposit balances blf 26,114 3,913 30,027 35.933 Movement in year.. Excess of Receipts over Payments -4,479 194 4,285 -5,906 Bank & Deposit balances clf 21,634 4,107 25,742 30,026 Investments: cost £114,235 131,037 10.957 141,994 134,250 Assets Gift Aid Roceivable Dec 24 Rothie Share of Expenses Receivable Pulpit Supply 2,570 2,570 499 1,591 Liabilites Organist Investments: Unrestricted Funds are held by The Church of Scotland Investors Trust and comprlse of Growth Fund - Gerberal CongreEatlDnal Purposes Income Fund - General Congregetional Purpose5 Restricted Funds are held by The Church of Scotland Investors Trust and comprise of Growth Fund - Grave Maintenance Fund IncoFne Fund- Restricted Legacy Fund5 The accounts were approved by the Klrk Sesslon and Flnancial Board on Ilth March 2025 For and on behalf of the Kirl( Session and Financial Board Registered Scottlsl) Charity Number: SC001475 Church of Scotland Congregation Number: 342020 Page 8 www.fyviechurch.org.uk
Fyvie Parish Church Notes to the Accounts l. Trustee REmuneratlon and Related Party Transactlons ho Is a member of the Session and Congregationa l Board, received £l,B54.00 as Church officer During the year the Minister and four141 trustee5 recieved reim bursment of expellse5 incuThed tatalling £4,673.80 2. Movements in Funds At 01.01.24 At Receipts Payments Transfers 31.12.24 Unrestricted Funds Current Account Deposit Account Fyvle Klrk Session Account COS General Congregational Purposes Depasit Fund 18,609 42,382 47,395 1,093 96 1,189 6,411 26,114 438 42,916 6,850 21,634 47,395 Restricted Funds Grave Fund AcLount 3.913 194 4,107 3,913 194 4,107 Endowment Funds None Total Funds 30,027 43,110 47,395 25,742 Purposes Depo%it Fund for Generdl Congrgational Purposos is held by The Church of Scotland Investors Tiust Pur ose of Restricted Funds The purpose of the Grave Fund Account (Restrictedl is to servlce the ongoing work of the Church, whilst the Grave Fund provide5 for the upl(eep and malntenance of designated 8raves. Re8lStered Scottish Charity Number.. SC001475 church of Scotland ConEreEational Number: 342020 Page 9 www.fyvlechurch,org.uk
Unrestricted Restricted Endowment Funds Funds Funds 2024 2024 Total 2024 Total 2023 2024 3. Analysi5 of Donatlons WFO Scheme {non Glft Aldl Gift Aid Donations Tax Recovered on Gift Aid Donatlons Ordinary Offerings (Open Platel Other Offerings Congregational Organi5ational Donations Choir 17,454 2,676 2,411 17,454 2,676 2,411 17,354 5,723 2,557 1.580 1,260 1,580 1,260 1,180 1,260 25,381 NB.. CongreEational Organisation include Book Clijb, Yoga Group, SewiNE Group 25,381 28,074 4. Analysis of Payments Costs of generatlng fund5 Investment Managers, fees Charitable Attivities Minstries & Mission allocation Presbytery dues Voluntary Additional Stipend Minister's expenses Ministerial Assistance Pulpit Supplv Other staffing costs Fabric repalrs & maintenance Council Tax Heat and light Insurance other building costs Church office expenses Organ & mu51c Printing, stationery & postage Other Expenses 16,574 16,574 20,125 232 997 997 861 645 6,613 7,729 3,048 4,928 3,800 917 645 6,613 7,729 3,048 4,928 3,800 917 1,121 8,027 3,741 2,978 5,019 3,638 697 397 397 396 1,747 47,195 1,747 47,395 2,367 49.202 Governance Cost5 Independent examiner's fees Other Payments Purchase of assets Purchase of investments Registered Scottish Charity Number: SC001475 Church of Scotland Congregation Number: 342020 Page 10 www.fyviechurch.org.uk
- Mlnlster's Stipend All Church of Scotland Congregations contribute to the National Stipend Fund which bears the Costs of all mlnisters, stipends and employers, contrlbutions for national insurance, pension and housing and 102n fund. Minister5, Stipend5 are paid in accordance with the national stipend scale, which is related to years of seNlte. For 2024 the minimum stipend was £31,642 and the maximum stipend in 5th and subsequent years of service was £38,884
- Collectlons for Third Parties 2024 2023 559.16 Christian Ald 179.02 Regsitered Scott15h Charlty Number.. Sc1475 Church of Scotland Congregatlon Number: 342020 Page 11 www.fyviechurch.org.uk
APPENDIX FUNDS HELD ON BEHALF OF YHECONGREGATION BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES 2024 2023 CAPITAL ACCOUNT CrÈdit Balance5 held at 31 Decernber at cost Market Value of Balances at 31 December REVENUE ACCOUNT Credit Balance at 31 December TEMPORARY ACCOUNT Credit Balance at 31 Dember 52,020 49.658 Notes f any of the obove lines do not opply to your con9regution for both of the yeiyrs being reported then they can be removed from the note. The note only requKres the yeur endfigurefor eoch yeor to be shown. Detolllng the movements 15 IIGt necessL7ry but con be shown us udditlonal dFsclosure if corFsidered cpproprlote. Included in the balance ut 31 December 2024 is £2,592.37 interest thu¢ hos been tipplied durlng 2024 Included in the balonce ot 31 December 2024 is £230.99 odmlnstrntion costsfor 2Q24 RegsStered Scottish Charity Number.. SC001475 Church of Scotland Congregation Number: 342020 Page 12 www.fyviechurch.org.uk