COWAL KIRK CHUR HOFSC TLAND REPORT AND FINANCIAL STATEMENTS R THE PERI DIAPRIL2 Charity No: SC001976
AL CHURCH NTENT TLAN Page Legal and Administrative Information Report of the Trustees Independent Examiners Report Receipts & Payments Account Statement of Balances 8-10 Notes Formlng Part of the Financial Statements 11-15 Appendix 16
Page I WAL KIRK CHURCH OF SC TLAND Chairty Name: Cowal Kirk Charity Registrntion Number: SC001976 Conoreoation Reference Number: 201292
Page 2 •J LE AL AND ADMINIsfRATIVE IN RMA
Page 3 COWAL KIRK CH OTLAND LEGAL AND ADMINISTRATIVE INFORMATI Cowal Kirk is a union of 5 churches - Toward Church, Innellan Church, Hlgh Kirk, St and Kirn and Sandbank Church. tarled 011 14 06 2023 revSously the mlnlster's post was vacant. t Vld5 agree that pvIouslY Session Clerk at Kirn and Sandbank Church would be the ession I owal Kirk from IS April 2021. It was also agreed that previously Treasurer at St Johns Church iyoiild be Treasurer of Covial Kirk from I, April 2021. However due to time constraints, resigned on iith May 2021 and it was agreed that previoii£ly Trp.a£iJrpr at High Kirk wai Ilrl hp.come Treasurer of Cowal Kirk frofft i ith May 2021. er Bankers Royal Bank of Scotland 70 John Street Dunoon, PA23 8BL
COWAL KIRK CHURCH OF SCOTLAND REpoirr OF THE TRusfEES FOR THE PERIOD IAPRIL 2021 T IDE EMBER 2 The Trustees have pleasure in presenting their report for the period ended 31 December 2021. This report is prepared in accordance with the constitution and the recommendations of the Statement of Recommended Practice Accounting and Reporting by charities and complies with applicable law. Recruitment - Appolntment of Trustees Members of the Kirk Session are the charity trustees. The Klrk Sesslon 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 eletted by the congregation and inducted by Presbytery. Governlng Documents The church is a recognised charity governed by a Constitution which was approved by the members. ObJectlveg and Charftable Purposeg - The Church of Scotland is Trlnltarlan 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 Ordinan of religion to the people In every parlsh of Scotland through a Terrltorial ministry. It co-operates with other Churches in various ecumenlcal bodies in Scotland and beyond. Activities & Achlevements Frorn April to December 2021 there has been a Sunday service in two of the Churches each week, altemating among four Church buildings - Toward Church, High Kirk, St Johns Church and Kim and Sandbank Church. Innellan Church building is no longer used and wlll be put up for sale in the near future. Additional services are held on special occasions, for example at Christmas and Easter. The Cowal Kirk Flower Festival was held in the High Kirk during August, the theme being a'woodland Walk,. The Guild which includes members out with the congregation, meets durlng the winter months and recommenced in Ottober 2021. Financlal Review The principal source of income is congregational giving - weekly offeringsi gift aid donakn'ons and stsnding orders. Grants have also been received from the Augusta Lamont Bequest Fund for new gas boilers and an Audio Visual system at St Johns Church building,
Page S L KIRK CHURCH OF SCOTLAND REP RT OF THE TRUSTEES IDE EMBER 2 Trustees Remuneration During the year four trustees received remuneration. Details are shown on page 11 note Reserves The General Fund represents unrestrirted funds to the sum of £360,682. This fund is available to be used by the trustees subsequent to specific declslon of the church metllber5 In furtherance of the charlry's objettives. Restricted Funds are shown on page 15, note 12. Approved by the trUStS and signed on their behalf bv:
Page S EXAMINER'S RE THE TRUSTEES OF WAL KIRK TLAN I report on the accounts of the charlty for the perlod ended 31X Dember 2021 whlch are set out on page5 1 to 14. Respectlve Responsibilitles of Trustees and Examiner The charlty's trustees are responsible for the preparatlon of the accounts In accordance with the terms of the Charibes and Twstee Investment {Scotland) Aci 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charty trustees o)nsider that the audlt reoulrement ofRegulatlon 10(l)(d} of the 2006 Accounts Regulatlons does not apply. It Is my responslblllty to examine the accounts as requlred un(ier sectlon 44(1)Ic) of the Act and to state whether partlcular matters have come to my attentlon. Basls of Independent Examlnerfs Statsment My examlnation Is carried out In accordance with Regulatlon 11 of the 2006 Accounts Requlatlons. An examination includes a revlevi of the accountlng CordS kept by the charity and a comparlson of the ccounts presented wlth those records. It also Indudes consideratlon of any unusual items or disc105ures In the accounts, and seeks explanatlon from the trustees concerninq any such matters. The procedures undertaken do not provlde all the eviden that would be required in an audit, and consLN]uently I do not express an audlt opinion on the vlew gfven by the accounts. Independent ExJrninerfs Statement In the course of my examinatlon, no matter has come to rny attentlon:. Whlch glves me reasonable cause to believe that In any materlal respect the requirements: To keep accounting records in accordance with Section 44(1)(a) of the 2005 Art and Regulation 4 of the 2006 Accounts Regulations, aftd To prepare accounts whlth accord with the accountlng records and comply wlth Regulation 9 of the 2006 Accounts Regulatlons have not been met, or To which, in rny opinion, attentlon should be drawn In order to enable a proper understanding of the accounts to be reached.
Page 7 COWAL KIRK CHURCH OF SCOTLAND NTF R TH 31 DECEMBER 202 PERI DIAPRIL2 21T Funds IQtLI Offerings & Donations Artivitles for Generating Funds Investment Income Other Income 178,750 6,749 2,718 275 29,476 29,758 208,226 36,507 2,719 275 Total ReceSpts 188,4Q2 59,235 247,727 Payments Costs of generatlng funds Charitable Activities Governance Costs Other Costs Purchase of Flxed Assets 128 167,039 1,230 5,003 35,177 5,131 202,216 1,230 io 23,176 23,176 Totsl Payments 191,573 40,180 231,753 excess of (Payments over Recelpts) (3,081) 19,055 15,974 Transfers tol(from) Funds 25,396 (3,040) (22,356) (Deflclt)/Surplus for year 22,315 16,015 (22,356) 15,974
Page 8 KIRK CHURCH OF SCOTLAND TEMENT F BALANCE AT IDE EMBER 202 ri Funds Brought Forward at l April 2021 Kirn & Sandbank R8S Klrn & Sandbank RBS Special Inte5t Klrn & Sandbank Scottish Building Society Klrn & Sandbank N S & l Bond Key Deposit Held High Klrk No l account agh Klrk No 2 account High Klrk Gullfl account High Kirk Benevolent account Hlgh Klrk Benevolent account Hlgh Kirk Pastoral account High Kirk Choir account st John's Current account St John's Fabrlc account St John's Mlnibus account St John's Organ account St John's Bequest account St John's Sunday School l account St John's Sunday School 2 account St John's Benevolent l account St John's Guild account St John's Flower account Innellan Virgln account Toward Current account Toward Fabric account Toward Sunday School account Toward Youth account 17,506 6,541 29.872 1,669 24,047 29,872 39,024 2,000 (85) 26,285 5,755 302 3,541 22,356 895 1,006 12.281 5,700 5,752 14,026 9,796 721 288 37,355 2,000 (85) 4,380 5,755 302 21,905 3,541 22,356 895 1,006 12,281 5,700 5.752 14,026 9,796 721 288 300 1,434 300 1,434 817 8,531 124 336 303 817 8,531 124 336 303 124,116 68,935 22,356 215,407 Movement In Year: Excess of Payments over Recelpts For the Year 22,315 16,015 (22,356) 15,974 146,431 84.950 231.381
Page 9 OWAL KIRK CHURCH OF SCOTLAND TATEMENT F BALAN NT'D E PERIOD I APRIL 2021 TO I DECEMBER 2 21 L*lqA Bank & Deposit Balances Carried forward at 31 December 2021 Cowal Kirk RBS Cowal Kirk RBS Speclal Interest Kirn & Sandbank Scottlsh Buildlng Soclety Kirn & Sandbank N S & I Bond Cowal Kirk - Fabrlc account Key Deposlt Held High Klrk No l account High Kirk No 2 account Hlgh Klrk Benevolent account Hlgh Kirk Pastoral account Hlgh Klrk Cholr account St John's Current account St John's Fabric account St John's Minibus account St John's Organ account St John'5 Bequest account St John's Sunday School l account St John's Sunday School 2 account St John's Benevolent l account St John's Flower account St John's Gulld account 27,569 4,940 60,998 1,674 32,509 60,998 42,184 2,000 124 (85) 18,667 3,834 10,326 5,895 1,006 6,307 14,857 6,116 11,516 11,738 722 288 842 1,434 103 40,510 2,000 124 (85) 10,777 3,834 10,326 7,890 5,895 1,006 6,307 14,857 6,116 11,516 11,738 722 288 842 1,434 103 146,431 84,950 231,381 Znvestments Brought Forward at l Aprfl 2021 Klrn & Sandbank High Klrk St John's {revlsed) Innellan Toward Church 1.199 5.000 140.420 41,195 3,191 1,591 10,000 460 2,790 15.000 140,880 41.195 4,186 995 191,005 13,046 204,051 Investments Carried forward at 31 December 2021 Deposlt Funds Bequest Fund St John's Benevolent Fund St John's Sunday School Fund - St John's Church Purposes St John's Consolldated Funds - Inellan General Fund Investment -High Kirk Benevolent Fund - High Kirk Sunday School Fund - Kim & Sandbank 1,200 1,200 300 460 6,500 5,698 5.000 10,000 300 460 6,500 5,698 5,000 10,000 Carried ForwaNI 28,698 760 29.458
Page 10 WAL KIRK TATEMENT OF BALAN THE PERI DIAPRIL2 LAND NT'D Brought Forward Growth Fund Fabric Fund (9811 unlts) - St John's 59,259 Bequest Purposes (2257 units) St John's 13,633 Consolidated Fund5 {6513 units) - Innellan 38,700 Cooper & 150th Funds (562 units)- Toward 2,399 Gen. Cong. F4Jrposes(206units) - Toward 1,244 Gen. Purposes (190 units) Klrn & Sandbank 1,148 Klrk Session Ben. Fd (30 units)-Klrn & Sandbank 181 28,698 760 29,458 59,259 13,633 39,338 3,394 1,244 1,148 181 638 995 In¢om¢ Fund Fabrlc Fund {3CK)O units)- St John's 37,440 Bequest Fund {2,423 units) - St John's 30,239 Invest. Income (105) units- Sandbank & Kirn 1,310 37,440 30,239 1,310 214,251 2,393 216,644 Other Assets held at 31 December 2021 Equlpment 23,000 Toward Church - Estsrnated value 80,000 St John's Church & Grounds Title Is held at a Dunoon Sollcitorfs offlce and Is In the name of the Congregatlon and Tnjstees of St Johns - Estlmated value 1.000,000 Llabllrties at 31 December 2021 Accounts Fee 1,000 Approved by the Trustees and signed on their behalf. 27 February 2025
Paoe 11 NOTES TO THE ACCO These Finanoal Accounts have bn prepared on a Receipts arKJ Paylints basls. flature and Pu ofeKhF The nature and rAJrpose of each fuThl Is outllned In the report of the tnjstees for the year. rants Pal There were no grants pald in the year. emun The following tnjstees reoived remuneration as follows: Du rin the eriod four trustees received remuneration for provid In ed £390 for providin itsu recelved £655 an ieir >erwiLES as organlsts. service.s è£ Ilows: received £754, provi(Jiiiy receive or There were no expenses pald to ony chartty trustee In the year. & Donatl WFO Dotptlons Gift Ald Donations Tax Recovered on Glft Ald Offerlngslopen Plate General Donatlons Donations - Xmas Appeal Donations - D Moore Donatlons - CHAS DonatlDns - Howers D Thomas Estate 463 l Taylor Estate 500 Church of Scotland - Fabrlc 12,608 Church of Scotland - Innellan Ins 714 Church of Scotland - AV Equipment 1,569 Augusta Lamont - AV System 35.CK)O Augusta Lamont - Gas Boilers 23,497 Church of Scotland - Fire Safety 9.721 Augusta Lamont - Xmas Cards 629 Church of Scotland - IFUN 600 Church of Scotland - Xmas 14)peal 1.000 Church of Scotland 92 Grant toward5 Boiler 2,360 Guild Incorne 856 Benevol Donatiors 38.187 18,818 11,229 9.885 8,368 1,612 38,187 18,818 40,520 9,885 8.368 1,612 160 200 25 463 500 12,608 714 1,569 35.000 23.497 9,721 629 600 1.000 92 2.360 856 842 29,291 160 200 25 178,750 29.476 208,226
Page 12 WAL KIRK CHURCH OF SCOTLAND TE THEA NTS R THE PERIOD I APRIL 2021 T IDE EMBER 2021 nr Hall Hire Shop Income Tree Fe5tlval Other Fundralsing Activitles 4,617 4,617 29.758 616 1,516 29,758 616 1,516 6,749 29,758 36,507 nr RBS Compensatlon Sundry Income 150 125 150 125 275 275 Shop Costs Other Costs 5,1)03 5,003 128 128 128 5,003 5,131
Page 13 KIRK CHURCH OF SCOTLAND TE THEA NT DIAPRIL2 21T R THE PERI 202 ri iv Minlstry and Mission Costs M and M Costs Stafflng Costs Locum Costs Organ Costs Organist Llfe and Work Pulpit Supply & Costs Manse Costs Boller Costs Repairs & Fabric Heat and Llght Insurance St John's - Roof Repalr Kirn & Sandbank Buildlng Costs Augusta Lamont - Roof Repalrs Augusta Lamont - Mlsslon Costs Bullding Enhancement Costs Fire Safety Costs Webslte Costs Presbytery Dues Gift - D Moore Glft - Flowers Glft - Starter Packs Mlnlbus Insurance Posvstatlonery & Admin Phone/Internet Costs Sundry Expenses Advertlsing Licences 11,336 25,076 1.569 4,717 3,510 4,645 432 1,005 8,830 25,330 17,634 9,582 13,205 11,317 11,336 25.076 1,569 4,717 3.613 4,645 432 1,005 8,830 2S,330 18,129 9,582 13,205 11,317 20,283 5.928 7,960 103 495 20.283 5,928 7,960 9,721 888 4,682 9,721 888 4,682 160 50 160 50 1,332 2,369 297 1,733 4,041 881 453 812 1,332 2,369 297 1,733 4,041 881 453 812 198 1,635 ccu Cleanlng Costs Guild Costs Christmas Appeal (West Coast Cinemas) 198 1,635 167,039 35.177 202,216
P49e 14 TE THEA 9. Cont'd Governance Costs Accountancy Fee 1,230 1.230 1.230 1.230 io. Audio/Visual Equipment Laptops (x2) 20.679 2.49 20,679 2.497 23.176 23,176 ii. In(yease Ufirestrlcted Funds General Fund Restritted Funds Endowment Fund 315,121 81.981 22,356 188,492 59,235 191,573 40,180 23,246 25,396 360,682 (10.653) (3,0401 87,343 (22,3561 Total Funds 419.458 247.727 231,753 12,593 448,025 12. An Investment held In The Churth of Scotland Investors Trust for the Aetcher Bequest has not teen Included in the list of Investments at 31 Dember 2021. Detalls of thbs Investment are as foltows: 1500 Units, Cost £750, Market Value £9,060.
Page 15 WAL KIRK CHURCH OF SCOTLAND NOTES TO THE ACCOUNTS FOR THE PERIOD I APRIL 2021 TO 31 DECEMBER 2021 12. Restrlrted Funds Restrlcted funds held at 31 December 2021 a. Flower Fund (St John's) Sunday School (St John's) Gulld (St John's) Parish Misslon (Klrn & Sandbank) Christian Education (Kirn & Sandbank) Morrison Bequest (Klm & Sandbank) Printer Fund (Klm & Sandbank) Minibusrrailgate (Klrn & Sandbank) Buildlng Fund (Klrn & Sandbank) Sunday School (Klrn & Sandbank) Augusta Lamont Fund (Hlgh Klrk) Organ Fund (Hlgh Klrk) Flower Fund (High Kirk) Pastoral Fund (High Klrk) Cholr Legacy (High Kirk) Benevolent Fund (Innellan) Mulanje Hospltal (Innellan) Inverchaolaln Bequest (Toward) 1,434 1,470 103 703 127 844 520 4,420 60,998 300 7,290 380 220 5,895 1,006 392 246 995 87,343 Designated Funds Deslgnated funds held at 31 December 2021 are: Bequest (st John's) Fabric Fund (St John's) Minibus Fund 1st John's) Organ Fund (St John's) Benevolent Fund (St lohn's) Fabric FLtnd (Kirn & Sandbank) Organ Fund (Kirn & Sandbank) Legacy Fund (Klrn & Sandbank) BenevolenUGeneral Fund (Kim & Sandbank) Sunday School (Kirn & Sandbank) Fabric Fund (High Kirk) Guild Fund (High Kirk) Fabrlc Fund (Toward) Sunday School (Toward) Youth Club (Toward) 49,961 78,530 6,116 11,516 1,142 2,864 348 32,270 1,497 3,652 5,158 919 124 336 303 194,736
APPENDIX Page 16 COWAL KIRK (CHURCH OF SCOTLAND) FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAND GENERAL TRusfEES 2021 April 202 CAPITAL ACCOUNT Credit Balances held at 31 Dcttrnb¢r at (st 68,180 80,261 Market Value of Balances al 31 tkcember 70.860 REVENUE ACCOIINT Credit Balance al 31 December 1.380 1.744 TEMPORARY ACCOIINT Credit Balance at 31 Dec¢mbeT 95,841 98.879 Nole.s l. /fury nfihe ahove line.Y do nol apply lo)w congregaiionfor boih ofihejears bein& rcporled ilicn ihL can be reini?vL'dfroni ihc nu¢e. 2. 7lie nole only reqtsire.i ihe year endfiffe ff)r each year in he .shown. l)eluiling ihe movemenl.% 1.4 neee.¥ary hul can he.shown (Lf addilional di.fclo.Yt4re ifconyidered appropriale. 3. The nolL* unly reqtsirLps ihe yeur endfigure for eucli yeur lo bc . hown Deiuiling ihe nwvemenlJ is li n¥6es.4ary bul can be .IhuNn (Li uddilional disdoswre ifLvni'idered (4ppriipriul&