The Church of Scotland
Forfar, St. Margaret’s Parish Church
Trustees Report & Accounts For the year ended 31 December 2022
Congregation No: 301803 Charity No: SC001506
PRESRBYTERY OF PERTH
Reference and Administrative Information
Charity Name:
Forfar, St. Margaret’s Parish Church
Charity Registration Number: SC001506 Congregation Reference No: 301803 _ ee
Bankers
Bank of Scotland, 72 West High Street, Forfar DD8 IBJ
_ Trustees’ Annual Report Year ended 31 December 2022 Structure, Governance and Management
Governing Document
The Church is administered in accordance with the terms of the Deed of Constitution (Unitary Form).
Recruitment and Appointment of Trustees
Members of the Kirk Session are the charity trustees for the congregation. 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 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 which meets six times a year is responsible for spiritual, temporal, property and financial affairs within the church. Operational matters are delegated to seven Task Groups : Congregational Care and Education, Fabric, Finance & Administration, Fundraising, Mission & Outreach, Public Relations and Worship : with co-ordination provided by a Conveners Group.
Objectives and Activities
The Church of Scotland is Trinitarian in doctrine, Reformed in tradition 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 througha territorial ministry. It co-operates with other Churches in various ecumenical bodies in Scotland and beyond. Other activities particular to St. Margaret’s Parish Church include Guild, Men’s Club, Monday Coffees, Teen Café on Friday afternoons. School Uniform and Winter Coat “Pop Ups”, informal worship services on Wednesday mornings and Playtime Tots on a Tuesday morning.
Sunday Breakfast Church, Sunday Clubs for primary and secondary age children and Senior Circle ceased to operate during Covid and have yet to restart.
Trustees’ Annual Report (cont) Year ended 31 December 2022 Achievements and Performance
Worship is held every Sunday at 11.00. A short informal service is held on Wednesday morning at 10.30 am followed by tea and coffee. In total these services engage with some 80 members each week and an open sponsored Scout Group with around 100 members meets during the week. The Church halls are used by a wide range of local organisations and a wide number of congregational social activities, such as weekly warm drop-in centre on a Monday and Friday afternoon. Almost 200 hundred people of all ages make use of the hall facilities every week providing a point of contact with many who are not members of the congregation. The congregation continues to support a range of charitable organisations through financial givings and has a regular collection programme for food which is distributed through the Lowson Memorial Church in Forfar and Trussle Trust to individuals in the community.
Following the outcome of the Angus Presbytery Plan, plans to renovate/refurbish St. Margaret’s Church building will no longer go ahead. St. Margaret’s Church will now close and the congregation will unite with one of the other congregations in the town.
Financial Review
The principal source of income is from weekly and monthly offerings by way of WFO scheme £8,174 (£9,469 : 2021) and Gift Aid donations £34,696 (£36,859 : 2021). Tax recovered on Gift Aid donations was £12,886 (£5,523 : 2021). Other offerings and donations amounted to £7,691 (£19,540 : 2021). Gift Aid donors remain at a similar number as previous years with the majority donating by bankers order. There wasa decrease in all income, apart from Tax Recovered, due to restrictions in the church building during the Coronavirus (Covid 19) outbreak. Tax recovered shows a substantial increase as 2022 figure included tax recovered from 2021.
Reserves Policy
At the year end the church held unrestricted funds of £258,954 of which £96,389 had been designated for fabric fund and £15,371 for furnishings fund. The church’s unrestricted funds show a deficit of £4,651 for the year mainly due to unforeseen repairs. The main item of expenditure is the allocation to Central funds for National Ministry and Mission Allocation £42,173 (£44,517 : 2021). A discretionary allowance of £7,000 was given by Presbytery for 2022. There were also other staffing costs of £5,401 (£4,201 : 2021).
The Church also held £71,192 of restricted funds which have been provided for the purposes specified in Note 2.
Note : Following the outcome of the Angus Presbytery Plan, plans to refurbish St. Margaret’s Church Building will no longer go ahead. St. Margaret’s Church will now close and the congregation will now unite with one of the other congregations in the town.
- Trustees’ Annual Report (cont) Year ended 31 December 2022
Statement of Trustees' Responsibilities
The members of the Kirk Session must prepare financial statements which give sufficient detail to enable an appreciation of the transactions of the Church during the financial year. The members of the Kirk Session are responsible for keeping proper accounting records which, on request, must reflect the financial position of the Church at that time. This must be done to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 and the Regulations Anent Congregational Finance approved by the General Assembly of the Church of Scotland in 2007. They are 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,
Session Clerk
Date Vip | 3\ 25
_ Forfar St. Margaret’s Parish Church SC001506
Independent Examiner’s Report to the Trustees of Forfar, St. Margaret’s Parish Church
I report on the accounts of the charity for the year ended 31‘ December 2022.
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 (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006.
The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence 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.
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which gives me reasonable cause to believe that in any material respect the requirements: e to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and
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e to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations have not been met, or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Name:
Address:
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Forfar, St. Margaret’s Parish Church
Receipts and Payments Account YearDecemberended 31 2022
| Unrestricted | Restricted | Endowment | |||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Total | Total | |||
| 2022 | 2022 | 2022 | 2022 | 2021 | |||
| Receipts | Note | £ | £ | £ | £ | £ | |
| Donations | 3 | 62,298 | 1,149 | 0 | 63,447 | 71,391 | |
| Legacies | 1,000 | 0 | 0 | 1,000 | 0 | ||
| Activities for Generating | |||||||
| Funds | 2,417 | 0 | 0 | 2.417 | 55 | ||
| Bank& Deposit interest | 0 | 0 | 0 | 0 | 0 | ||
| Investment income | 1,611 | 535 | 0 | 2,146 | 2,095 | ||
| 67,326 | 1,684 | 0 | 69,010 | 73,541 | |||
| Rental ofpremises | 876 | 0 | 0 | 876 | 200 | ||
| Sale ofassets | 0 | 0 | 0 | 0 | 0 | ||
| Sale ofinvestments | 0 | 0 | 0 | 0 | 0 | ||
| Grants | 0 | 0 | 0 | 0 | 0 | ||
| Receipts from General | |||||||
| Trustees | @) | 0 | 0 | 0 | 0 | ||
| Other Receipts - Guild | 748 | ) | 0 | 748 | 1,114 | ||
| Total Receipts | 68,950 | 1,684 | 0 | 70,634 | 74,855 | ||
| Payments | 4 | ||||||
| Costs ofgenerating funds | 447 | 0 | 0 | 447 | 450 | ||
| Charitable activities | 73,154 | 20,048 | 0 | 93,202 | 70,983 | ||
| Governance costs | 0 | 0 | 0 | 0 | 0 | ||
| TotalPayments | 73,601 | 20,048 | 0 | 93,649 | 71,433 | ||
| Excess ofReceipts over Payments | |||||||
| for theyear before transfers | -4,651 | -18,364 | 0 | -23,015 | |||
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | ||
| Excess of Receipts overPayments | |||||||
| fortheyear | -4.651 | -18,364 | 0 | -23,015 | 3,422 |
_ St. Margaret’s Parish Church Statement of Balances
| At 31 December 2022 | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||
| funds | funds | funds | 2022 | 2021 | ||
| Note | £ | £ | £ | £ | £ | |
| Bank& Deposit Balances | ||||||
| Bank& deposit balances brought forward |
16,090 | 89,556 | 0 | 105,646 | 102,22 | |
| Movement in year: | ||||||
| Excess ofReceipts over | ||||||
| Payments for theyear | -4,651 | -18,364 | 0 | -23,015 | 3,4: | |
| Bank& deposit balances | ee | a | ||||
| carried forward | 11,439 | 71,192 | 0 | 82,631 | 105,64 | |
| Investments at market | ||||||
| value (see Appendix for | ||||||
| Detail) | ||||||
| (cost £71,680) | 247,515 | 0 | 0 | 247,515 | 268,3! | |
| Assets | ||||||
| Gift Aid Receivable | ||||||
| Liabilities | ||||||
| Cost ofrepair not yet billed | ||||||
| The accounts were approved by the Kirk | Sessionon | \WtHh | Marcnw | 2023 | ||
| For and on behalf of the Kirk Session |
||||||
| Session Clerk | ||||||
| Treasurer |
Forfar, St. Margaret’s Parish Church
Notes to the Accounts
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1 Trustee Remuneration and Related Party Transactions During the year payments were made to a trustee eceived payments amounting to £2,420 in respect of organist duties. The oe not claim travelling expenses during the year. In addition, the congregation paid the manse Council Tax amounting to £2,210, manse heat and light costs amounting to £1,764 and manse telephone costs amounting to £572.
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No trustee received any reimbursement of expenses during the year. No trustee or a person related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year.
| 2 | Movements in Funds | |||||
|---|---|---|---|---|---|---|
| At 1 Jan. | Loss on | At31Dec | ||||
| 2022 | Receipts | Payments | Investments | 2022 | ||
| £ | £ | £ | z | £ | ||
| Unrestricted funds | ||||||
| Designated FabricFund Designated Furnishings |
95,000 | 1,389 | 0 | 0 | 96,389 | |
| Fund | 15,149 | 222 | 0 | 0 | 15,371 | |
| Guild Fund | 826 | 748 | 733 | 0 | 84] | |
| General Fund | 173,506 | 66,591 | 72,868 | -20,876 | 146,353 | |
| 284,481 | 68,950 | 73,601 | -20,876 | 258,954 | ||
| Restricted fund | ||||||
| BenevolenceFund | 4,821 | 71 | 0 | 0 | 4,892 | |
| Choir&Organ Fund | 5,043 | 74 | 0 | 0 | 5,117 | |
| Refurbishment Fund | 26,718 | 390 | 4,753 | 0 | 22,355 | |
| Property Alteration Fund | 52,974 | 1,149 | 15,295 | 0 | 38,828 | |
| 89,556 | 1,684 | 20,048 | 0 | 71,192 | ||
| Totalfunds | 374,037 | 70,634 | 93,649 | -20,876 | 330,146 |
Purpose of Designated Funds Fabric Fund : The Trustees have set aside funds for the maintenance of Church property. Furnishing Fund : The Trustees have set aside funds for the replacement of Church furnishings. Purpose of Restricted Funds Benevolence Fund : This fund is to provide benevolence at the Kirk Sessions discretion. Choir & Organ Fund : This fund is to assist with the cost of music resources for worship. Refurbishment Fund: This fund is to assist with maintenance, repair, renewal and improvement of the fittings, fixtures and furnishings within the church. Property Alteration Fund : This fund was to assist with major alterations to church buildings but this is no longer going ahead. These funds will now be returned to the doners if they wish.
)
|
| 3 | Unrestricted | Restricted | Endowment | |||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Total | Total | ||
| 2022 | 2022 | 2022 | 2022 | 2021 | ||
| £ | z | £ | £ | £ | ||
| 3. | Analysis ofDonations | |||||
| WFOScheme(non GiftAid) | 8,174 | 0 | 0 | 8,174 | 9,469 | |
| GiftAid Donations | 34,696 | 0 | 0 | 34,696 | 36,859 | |
| Tax Recovered on GiftAid Donations | 12,886 | 0 | 0 | 12,886 | 5,523 | |
| Ordinary Offerings (Open Plate) | 1,879 | 0 | 0 | 1,879 | 1,823 | |
| National GivingDay | 0 | 0 | 0 | 0 | 4,510 | |
| OtherOfferings, Donations etc | 4,663 | 1,149 | 0 | 5,812 | 13,207 | |
| 62,298 | 1,149 | 0 | 63,447 | 71,391 | ||
| 4 | Analysis ofPayments | |||||
| Costs ofgeneratingfunds Fundraising Expenses |
0 | 0 | 0 | 0 | 0 | |
| Offering Envelopes | 447 | 0 | 0 | 447 | 450 | |
| 7 | AT | 45 | ||||
| Charitable activities | ||||||
| Ministries& Mission allocation | 42,173 | 0 | 0 | 42,173 | 44517 | |
| Presbytery dues | 1,028 | 0 | 0 | 1,028 | 939 | |
| Minister’s expenses Travel | 0 | 0 | 0 | 0 | 0 | |
| Manse Expenses | 5,909 | 0 | 0 | 5,909 | 6,229 | |
| Locum Salary | 0 | 0 | 0 | 0 | 0 | |
| Pulpit supply | 60 | 0 | 0 | 60 | 0 | |
| Otherstaffing costs | 5,401 | 0 | 0 | 5,401 | 4,201 | |
| Fabric repairs& maintenance | 6,361 | 4,753 | 0 | 11,114 | 1,899 | |
| Guild | 733 | 0 | 0 | 733 | 560 | |
| Heatand light | 5,096 | 0 | 0 | 5,096 | 3,432 | |
| Insurance | 4,356 | 0 | 0 | 4,356 | 4,127 | |
| CCLI Licence | 453 | 0 | 0 | 453 | 422 | |
| Church office expenses | 616 | 0 | 0 | 616 | 405 | |
| ArchitectFees | 0 | 12,815 | 0 | 12,815 | 3,628 | |
| Printing, stationery and postage | 233 | 0 | 0 | 233 | 105 | |
| Other Expenses | 483 | 0 | 0 | 483 | 267 | |
| Refund of New Build donations Link/Life &Work |
0 252 |
2,480 0 |
0 0 |
2,480 252 |
0) 252 |
|
| 73,154 | 20,048 | 0 | 93,202 | 70,983 | ||
| Governance costs | ||||||
| Independent examiner’s fees | 0 | 0 | 0 | 0 | 0 | |
| Otherpayments | ||||||
| Purchase ofassets | 0 | 0 | 0 | 0 | 0 | |
| Purchase ofinvestments | 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 |
5 Minister’s Stipend
All Church of Scotland congregations contribute to the National Stipend Fund which bears the costs of all ministers' stipends and employer's contributions for national insurance, pension and housing and loan fund. Ministers' stipends are paid in accordance with the national stipend scale, which is related to years of service, For the year under review the minimum stipend was £28,700 and the maximum stipend in the fifth and subsequent years of service £35,269.
| 6. | Collection forThird Parties | 2022 | 2021 |
|---|---|---|---|
| Ukraine Appeal | 176 | 0 | |
| Lowson Memerial Food Bank | 200 | 0 | |
| SSAFA | 100 | 0 | |
| Panihati Nurse Scheme | 100 | 125 | |
| Christian Aid | 520 | 260 | |
| Crossreach | 158 | 175 | |
| Shelter | 58 | 0 | |
| Total | 1,312 | 560 |
|
- APPENDIX
FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES
| |
| |
| 2022 | 2021 | |
|---|---|---|
| CAPITAL ACCOUNT | z | £ |
| Credit Balances held at 31 December at cost | 10,691 | 10,691 |
| Market Value ofBalances at 31 December | 15,777 | 17,007 |
| REVENUE ACCOUNT | ||
| Credit Balance at 31 December | 6,417 | 6,082 |
| INVESTMENTS ATMARKETVALUE | Total | Total |
| (see Statement ofBalances ) | 2022 | 2021 |
| Halifax | 182,034.48 | 192,564.23 |
| Investors Trust -Growth Fund | 24,624.00 | 27,542.40 |
| Investors Trust— Income Fund | 40,856.64 | 48,285.12 |
| 247,515.12 | 268,391.75 |