CHARITY REGISTRATION NUMBER: SC001792 CONGREGATION REFERENCE NUMBER: 100544 Castlehill Parish Church of Scotland Ayr Unaudited Financial Statements 31 December 2024 AME Chartered accountants 20 Wellington Square Ayr K471EZ
Castlehill Parish Church of Scotland Ayr Financial Statements Year Onded 31 December 2024 Page Trustees, annual port Independent examinels report to the trustees Statement of financial activities ststement of financial posttion Notes to the financial statements
Castlehill Parish Church of Scotland Ayr Trustses, Annual Report Year ended 31 December 2024 The trustees present their report and the unaudil8d financial $tstwnent$ of the charity for the year ended 31 December 2024. RBferen¢e and admInIstrave detsils Registered charlty name Casuehill Parish Church of Scotland Ayr Charfty registratlon number SC001792
Castlehill Parish Church of Scotland Ayr Trustees. Annual Report (¢Orflnv8d) Year ended 31 December 2024 Independent examlner Stru¢turè, gov•rnane• and manag8m•nt Structure, governance and management The congregation is a registered charty, number SC001792 and L8 administered in &cord8nce with the terms of the Model Deed of ConslitulDn is subject to the Acts and Regulations of the GerEral Assembly of the Church DI bcotl8nd. R[ltment and appointment tsf trustees Members of Ihe Kk Session, the Congregational Bogrd ond the Minister are the charity trustees. The Kirk Session members are the elders of the church and are chosen from thosè mèmbèrs of the church o are considèred to have Ihe appropriatè gifts and skills. The Congregation81 Board is appointèd from wrthin the congregation and members of the congregation are invited lo nDminate individuals whD are beIVed lo have the skills anoj cornmilmenl to contribute to the manajemenl affairs ol the Churcb. lo become members of the Board. Board members are then appointed al the Ststed Annual Meeting and setve for a period ol three years after which they rnusl seek re*lecbon at the nexl Slated Annual Meeting. The Minister is caled and eleded by the congregation and inducted by the Presbytery of the Soltth Wesl. Organisational St[LtUre The Congre9ational Board is chaired by the minister and meets five lirnes in a ytrar. Certain respon8ibililie3 are delegated to the Finan¢e Committee end the Property Comrnittee a8 approprkgte. The Kirk session which also meets five times a year is responsibb lor spiritual affairs within th& church. Risk management The principal risk that of an ageing congregation. This may lead lo dfficulties in getting volunteers for various tasks in the future.
Castlehill Parish Church of Scotland Ayr Trustees. Annual Report (¢ontinuedJ Year ended 31 December 2024 Objectives and activities The Church of Seotland is Trinilarian in doctrine, Reformed in tradition and Presbyterian in policy. 11 exists to glorify God and lo work for the advancement of Christ's Kingdom throughout the world. As a national Church, f( acknowledges a dislinclive call and duty to bring the ordinances of religion to the people in every parish of Scotland through a lerrf(orial ministry. It c(wrates wth other Churches in various ecumenical bodies in Scotland and beyond. Within Casllehill Church, ordinary Sefwces of Worship are held each Sunday morning with additional setwices throughout the Christian Year, for example al Easter and Christmas, and oceasional evening $ervi¢es are offered. These services are open to everyone. The Church seek5 to provide spiritual care and riles of passage for a community of 10,500 people within its boundaries, and on average performs funeral serVIS and bereavement care for 50-70 bereaved families in its midst within any one year. Achigvgments and perfomanee All services and aclimlies have been taking place during the year. Youth church meets from 11 am to 12 noon on Sundays. We continue to Iwe stream Sunday services and a good number of peoplo access this on You Tube and Facebook via the church websf(e. A bunny hunt was held at Easter and was a popular event. A Wam Space event was held on Thursday afternoons. It was hoped this would help people be somewhere warm and in company and perhaps save heating their homes dijring this time. Anyone from the cOnggatIon or communty was welcome to attend. There were a number of activities available or people could just meet and chat over lea and biscuits. The church continued lo be 8 Foodbank collection point for members of the congregation and the community to hand in donations and on Friday momings is a distribution point for South Ayrshire Foodbank. Financial revlew Principal funding source5 The principal source of income for the Church remains the offering5 from members. In 2024 this amounted to £55,26012023 - £57,705). Grft aid of £13,49912023 - £13,537) was received in the year. Our in¢ome was mainly from standing order payments and FWO envelopes from members. Outside organisalions used our halls which brought extr8 income each month. Investment policy All investments are held wi(h the Church Of Scotland Investors Trust in order to preserve funds whilst also producing a rUlar income. In the 12-month period to 30 Seplernber 2024 the funds delivered a lolal return of 12.77% which oulperfofmed their benchrnark retum of 9.720A. The funds have continued lo deliver returns over the long term which are better than that of the benchmark against which the funds are measured. At the balance sheet date there were unrealised losses of £20,758 12023 unrealised losses of £22,534).
Castlehill Parish Church of Scotland Ayr Trustees, Annual Report (¢ortllKX4dj Year ended 31 Dgcpmber 2024 Financial review iconllnuedj Re3erve8 policy It is the TTuslee$' policy lo hoks ras6N&s of approximately srx monthg expèndiluTO excILsding restricted funds and designated funds. At Ihe year ènd the Church held unrestred funds of £291,586 01 which £21,785 had been designated for the Fabric Fund and £5,605 for the Designated Pufposes Fund. The balance of £264,196 represents more than six months expendilvre. The Church a150 held reslricled funds lotdlin9 £2,300 which have been provided for the purposes specrfied in the note510 the accounts. The trustees. annual report was approved on 17 Mar¢h 2025 and SIgd on behalf of the board of tru)tee¥ by.. T"LlStee
Castlehill Parish Church of Scotland Ayr Independent Examinerfs Report to the Trustees of Castlehill Parish Church of Scotland Ayr Year ended 31 December 2024 I report to the Iruslees on my examination of Ihe financial statements of CasUehiH Parish Chur¢h of Scotland Ayr Ilhe charity'l for the year ended 31 Deeember 2024. Responsibilities and basls of report As the trustees of the charty yOLt are responsible for the preparation of the financial statements in cordance the requirements of the Char((ies and Trustee Investment {Scotlandl Act 2005 (the '2005 Act.) and the Charities Accounts (Scollandl Regulations 20L% {as amended). You are satisfied that your char(ty is not Tequifftd by charty law lo be audited and hav8 chosen instead lo have an indepgndent examination. I report in respect of my examination of the ehaTiVs financial statements as carrd out under section 4411llcl ol the 2005 ACL In carrying out my examination I have folbwed the requirements of Regulation 11 of the Charitses Accounts (Scotlandl Regulations 2006 las amended). Independent examlnerfs statement Since the charity has prepared ils accounts on an accruals basis your examiner must be a member of a body listed in Regulation 11121 of the Charitias Accounts Iscollandl Regulations 2D06 las amended). I can confirm that l am qualrfied to undert8ke the examination because l am a registered member of ICAS which Is one of the listed bodies. I have completed my examination. I confimi that no matters have come to my attention gmng me cause to believe that in any malertal respect- accounting records were not kept as required by section 4411lla} of the 2005 Act and RegulalKJn 4 of the Charitie5 Accounts {Scolland} Regulation5 20(6 las amended)., or the financial statements do not accord wlh those records. or the financial statements do not comply with the accounting requirements of RwJulation 8 of the Charities Accounts (Scotlandl Regulations 2006 las amended). I have no concerns and have come across no other matters in Connection with the examination lo which lention should be drawn in this report in order lo enable a pioper understanding of the accounts lo be reached. James Bell & Co 20 Wellinglon Square Ayr Ayrshire KA7 1EZ 17 March 2025
Castlehill Parish Church of Scotland Ayr Statement of Financial Activities Yèar ended 31 D8C8mber 2024 2024 Reslricled funds Total funds 2023 Unrestricted funds Total funds Income and endowments Donations and legacies Charitable activities Other trading activities Investsnent income 92,623 5,832 30,172 11,176 139,803 92,623 5,832 30,172 11,435 86,656 6,820 27,350 259 Total income 259 140,062 130,272 Expenditure Expend(ture on charitable activities Total gxpenditurn 126,018 126,018 117,397 126,018 126.018 117.397 Net gains on investments 11 1.733 43 1,776 7,108 Net income 15,518 302 15.820 19,983 Other recognised gains and losses Net movement in funds 15,518 302 15,820 19,983 Re¢onclllatlon of funds Total funds brought forward Total funds carrigd forward 276,068 291,586 1,998 2,300 278,066 293,886 258,082 278,065 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The note8 on pages 8 to 17 fomi part of these financial ¥latsm•nts.
Castlehill Parish Church of Scotland Ayr Statement of Financial Position 31 December 2024 2024 2023 Flxed assets Tangible fixed assets 16 11,961 14,693 Current assels Invesbnents Cash at bank and in hand 17 196,437 86,565 194,661 69,216 283,002 263,877 Credltors: amounts falling due within one year Net current assot$ 18 1,077 504 281.925 263,373 Total assots18ss current liabilities 293.886 278,066 Net assets 293,886 278,066 Funds oftho charrty Restrted funds Unrestricted funds 2,300 291,586 1,998 276,C68 Total Charity funds 19 293,886 278,066 These financial slalements weTe approved by the board of trustees and 8Uthorised for issue on 17 arch 2025, an¢J are signed on behatf of the board by- Th9 llOt8s on pago$ 8 to 17 fomi part of these financlal Jtstements.
Castlehill Parish Church of Scotland Ayr Notes to the Financial Statements Year ended 31 December 2024 General Informalion Th& charty is a publ benefit entity and a re The address of th& principal office is Ayrshire. islered Chari in Scotland and 15 unincorporated. Statsment of compllance These financial statements have b*n prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland.. the Slalemenl of Recornmended Practice applKable lo ¢harilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK 8nd Republic of Ireland IFRS 1021 (Charities SORP IFRS 102)) and the Chari(ies and TTuslee Investment {Scotlandl Act 2005 and the Charity Accounts (Scotlandl Regulations 2006 las amended). Ac¢ountlng polkles Basls of preparation The financial slalements have been PTepafed on the historical cost basis, as modrfied by the revaluation of certain financial assets and liabilitie5 and investment properties measured al fair value through income or expenditure. The finantial slalements are prepared in sterling, which is the functional currency of the entity- Going concern There are no materi81 uncertainties about the charity's ability to continue. Judgemènts and key sources of estlmatlon uncertalnty The preparation of the financial statements requires management lo make judgements, eslimales and assumptions that affect the amounts reported. These estimates and judgements are conlinualty reviewed and are based on experience and other factors, including expectslions of future events that are believed lo be reasonable under tho ¢ir¢umstsn¢os. Fund accounting Unreslricled funds are available for use at the discretion of the Irusl$es lo further any of the eharitys purposes. Designaled funds are unrestricted funcls eam)arked by the twstees for partulaT future project or commitment. Restricted funds ar8 subjected lo restrictions on Ih&ir expenditure declared by the donor or through the lem)s of an appeal, and f811 into one of sub-¢18sses.' reslricled income funds or endowment funds.
Castlehill Parish Church of Scotland Ayr Notes to the Financial Statements (tanlinu Year ended 31 December 2024 Accounting pollcles iconllnued) Incoming resource5 All incoming resources are included in the stslement of financial actThiities when entitlement has passed lo the eh8rity.' il is probable that the economic benefits associated with the transaction wll flow to the charty and the amout)I can be reliably measured. The following specific policies are applied to particular categories of income.. income fmm donations or grants is recognised when there is evidence of entillemenl to the gift, reipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured al the fair value of the goods uriless this is impractical to measure reliably. in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are rQgnised in the accounts when received rf the value can be reliably measured. No amounts are included for the eonlribulion of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This iq classified as unrestricted funds unless there is a contraclijal requirement for il to be spent on a particular purpose and returned rf unspent, in which case it may be regarded as reslri¢led. Resources expended ExpendiluTe is recognised on an aecruals basis as a liabilty is incurred. Expenditure includes any VAT which cannot be fulty recovered, and is classrfied under headings of the statement of financial ath'vf(ies lo which (( relates.. expenditure on raising funds includes the costs of all fundraising aclivil¢es. èvents, non- charitable trading activities, and the sale of donated goods. expendf(ure on charitable aclwrties includes all costs incurred by a charity in undertaking adivities that further its charitable aims for the benefft of rts beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charrfcable actimlies. other expendilurg includes all expenditure that is nef(her related lo raising funds for the charity nor part of its expenditure on ¢harilable activities. All costs are allocated lo expendrture categories reflecting the use of the resource. Direct Costs attributable to a single activity are allocated directly to that activty. Shared Costs are apportioned between the activities they Contribute lo on a reasonable, iustrfiable and consislenl basis. Tangible assets Tangible assgls are Initial recorded at cost, and subsequently slated at cost less any accumulated depreciation and imp8imienl losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the dale of revaluation less any subsequent accumulated depreciation and subsequent accumulated impaiment losses.
Castlehill Parish Church of Scotland Ayr Notes to the Flnancial Statements (conllnuedl Year ended 31 December 2024 Accountlng poli¢i9$ (confrnuedj Tangible assets fconllnued) An increase in the Carn9 amount of an asset as a result of a revaluation. is recognised in other recognised gains and losses, unless rt reverses a charge for impairment that has previously been recognised as expenditure wrthin the statement of financial activities. A decrease in the carrying amount of an asset as a resutt of revaluation, is CogniSed in other recognised gains and losses. except to which (( offsets any previous revaluation gain. in which case the loss is shown within other recognised gains and losses on the slalement of financial activities. Depreciation DeprKiation is calculated so as to write off the cost or valuation of an asset, less f(s residual value, over the useful economic lrfe of that asset as follows.. Plant and machinery Equipment 250/0 reducing balance 250A reducing balance Impaimignt of flxed assets A review for indicators of impaimient is carried out at each reporting dale, wlh the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingty. Prior impairments are also reviewed for possible reversal al each reporting date. For the purposes of impaimienl testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash- generating unit to which the asset belongs. The cash-generaling unil is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets 01 groups of assets. For impairment testing of goodwll, the goodwill acquired in a business combination is, from the acquisition date, alk)caled lo each of the cash-generating units that are expected lo benefit from the synergies of the combination, irtespeclive of whether other assets or liabilities of the chaTity are assKJned lo those units. Donation$ and lega¢ie$ Unreslricled Total Funds Unrestricted Tol81 Funds Funds 2024 Funds 2023 Donatlons Donations Gift Aid 66,124 13,499 66,124 13,499 69,234 13,537 69,234 13,537 Legacies Legacies 13,000 13,000 Grants Grants receivable 3,885 3,885 92,623 92,623 86,656 86,656 10
Castlehill Parish Church of Scotland Ayr Notes to the Financial Statements (cpnlinuedj Year ended 31 December 2024 Charitable actlvlties Unrestricted Total Fund5 Unrestricted Total Funds Funds 2024 Funds 2023 Fundraising events Sundry income 5,293 539 5,293 539 5,686 1,134 6,820 5,686 1,134 5,832 5,832 6.820 Sundry income consists of VAT reclaimed under the Listed Places Of Worship Grant S¢heme and sundry mpensatIon payments. other trading activltles Unreslricled Total Funds Unreslricled Total Funds Funds 2024 Funds 2023 Hall lets Advertising income 29,682 490 29,682 490 26,540 810 26,540 810 30,172 30,172 27,350 27,350 Investment Income Unrestricted Funds Restricted Total Funds Funds 2024 Deposit account interest Investors Trust interest Income fund dmdends 777 777 10,399 11,176 258 10,657 11,435 259 Unrestricted Funds Restricted Total Funds Funds 2023 Deposf( account interest Investors Trust interest Income fund dividends 566 566 8,666 9,232 209 8,874 215 9,446 11
Castlehill Parish Church of Scotland Ayr Notes to the Financial Statements iconllnuedl Year ended 31 December 2024 Expenditure on charftable actlvltles by fund type Unrestrided Funds Restricted Totsl Funds Funds 2024 Charitable activities Support costs 2,039 123,979 126,018 2.039 123.979 126,018 Unrestricted Funds Restricted Total Funds Funds 2023 Charitable activities Support costs 874 116,208 316 1,189 116,208 117,082 316 117,397 Expanditure on charttable activities by activity type Activi(ies undertaken directly Support costs Total funds 2024 Totsl fund 2023 Charitable activi(ies Governance costs 2,039 120,248 3,731 122,287 3,731 113,820 3,577 2,039 123,979 126,018 117,397 10. Anatysls of support costs Charitable Activities Total 2024 Total 2023 Staff costs Premises General office Governance costs Ministries and mission Presbytery dues Organ and music expenses Fabric expenditure Depreciation other expenses 13,284 31,376 334 3,732 51,749 1,289 2,014 11,823 3,986 4,392 123,979 13,284 31.376 334 3,732 51,749 1,289 2,014 11,823 3,986 4,392 12,330 23,596 938 3,576 50,512 1,289 1,714 12.614 4,898 4,741 116,208 123.979 11. Net gains on investments Unreslricled Funds ReslTlCted Total Funds Funds 2024 Gainslllossesl on investments 1,733 1,776 12
Castlehill Parish Church of Scotland Ayr Notss to the Financlal Statements {contlnu•d) Year ended 31 December 2024 11. Net gain5 on investments (¢onUnvÈdJ Unreslrided Funds Rg$lricted Total Funds Funds 2023 Gainsl{lossos1 on investments 6,932 176 7,108 12. Not incom• Nel income is stated after chargingllcredilingl.. 2024 2023 D8precialton of tangible fi'xed assets 3,986 4,898 13. Indapondant axamlnation fegs 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial slalgments Other assurance services 1,716 2,016 3,732 1,560 2,016 3.576 14. Staff costs The total stsff costs and empbyee benefits for the reporting period are analysed as follc)ws'. 2024 2023 Wages and salaries 13,284 12.330 The average head count of employees during the year was 212023.. 21. The average number of fUltIMe equNalent employees during the year 1$ analysed as follows. 2024 No. 2023 Administration staff No employee received empbyee benefts of more than £60,000 duTing the year12023.. Nill. 15. Trustee remuneration and expenses who is a member of the Kirk Session received £1,51012023 - e services. During the year £1,650) for providing bead There were no expenses paid to truste8s during the year. 13
Castlehill Parish Church of Scotland Ayr Notes to the Financial Statements (tontlnued) Year ended 31 December 2024 16. Tanglble flxed a$$ets Plant and machinery Equipment Total Co$t At 1 January 2024 Additions 31.736 1,254 2,015 33.751 1.254 35.005 At 31 December 2024 32,990 2,015 Depreciation At 1 January 2024 Charge lor Ihe year At 31 December 2024 17,394 3.898 21,292 19.058 3,986 23,044 88 1.752 Carying amount At 31 December 2024 11,698 14,342 263 11,961 Al 31 December 2023 351 14,693 17. Investments 2024 2023 Investors Trust Inme Fund 1 Investors Tru51 Income Fund 2 Investors Trust Income Fund 3 21,368 170,313 4,756 196,437 21,175 168,T13 4.713 194,661 At the balance sheet dale there were unrealised losses on investments of £20,758 12023 £22,534). The historic cost of the investments is £217,19512023- £217,195). 18. Creditors: arnounts falling due within one year 2024 2023 AGcruals and deferred income Social securty and other taxes 504 573 504 1.077 14
Castlehill Parish Church of Scotland Ayr Notes to tho Financial Statements (conlinued) Year ended 31 December 2024 19. Analysls of charltablo funds Unrestricted funds At 1 Jan 2024 Gains and At losses31 Dec 2024 Income Expenditure Transfers General fund Designated fabric fund Designated PUTP05es fund General reserve fund 184,809 127,152 {114,4731 1,540 199,028 20,177 10.921 19,5061 193 21,785 5,914 1.730 12,0391 5,605 65,188 276,068 65,168 139.803 {126,0181 1,733 291,586 At 1 Jan 2023 Gains and Al losses 31 Dec 2023 Income Expenditure Transfers General fund Designated fabric fund Designated purposes fund General reserve fund 186,014 113,269 1105,8591 114,774} 6,159 184,809 4,616 11,588 110,7951 13,995 773 20,177 1,141 5,201 14281 5,914 65,168 256.939 65,168 276,Q68 130,058 1117,0821 17791 6,932 Designated Fabric Fund - funds sel aside for the maintenance of chUh property. Designated Purposes Fund - funds sel aside for specrfic projects which are short leTm in nature and do not merit the creation of individual funds. 15
Castlehill Parish Church of Scotland Ayr Notes to the Financial Statements {contlnu8d) Year ended 31 Decembor 2024 19. Analysls of charltable funds {¢ontinu6d) Restricted funds Al 1 Jan 2024 Gains and At losses 31 Dec 2024 Income Expondilure Transfers Youth Church Fund Music and flower fund 1.426 259 43 1,728 572 572 1.998 259 43 2,300 At 1 Jan 2023 Gains and At losses 31 Dec 2023 Income Expenditure Transfers Youth Church Fund Music and flower fund 571 215 13161 780 176 1,426 572 572 1,143 215 13161 780 176 1,998 Youth Church Fund - funds set aside for the expendf(ure of the Youth Church. Music and Flower Fund - this fund provides music material for the choir and flowefs for display dLFring worship on weeks where there is no donor. 20. Analysls of net assets betwe&n funds Unreslricled Funds Restricted Total Funds Funds 2024 Tangible fixed assets Cuirent assets Creditors less than 1 year Net assets 11.961 278,246 11.0771 289.130 11,961 283.002 11,0771 4,756 4,756 293,886 Unrestricted Funds ReStrted Totsl Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 14,693 261,879 1504) 278,068 14,693 263,877 15041 278,(E6 1.998 1,998 16
Castlehill Parish Church of Scotland Ayr Notes to the Financial Statements (conllnu Year ended 31 December 2024 21. Mlnlster's stipend All Church of Scotland congregations contribute lo the National Stipend Fund which bears the cost of all ministers, stipends and employer's contributions for national insurance, pension and housing and loan fund. Ministers, stipends are paid in accordance with Ihe national stipend scale, which is related to years of service. For the year under review the minimum slipenij was £31,642 and the maximum stipend in 5th and subsequent years ()f service £38,884. 22. Volunteers In common with 811 Church of Scotland congregations the Church benefits from the contribution made by volunteers who gThie their lime and talents willingly for the benefrt of the Church. The areas of conggatIonal life which rely on the contribution of volunteers are many and varied and much of the activity would be unable lo continue were il not foi the commitment shown. 23. Related parties During the year a total of £16,23012023 - £17,114} was donated lo the congregation by trustees. 17