Forfar All Souls Church of Scotland TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 DECEMBER2024 Congregation No: a01081 Scottlsh Charlty No: SC (Kll417
Forfar All Souls Churth of Scotland Reference and Admlnistrative Informallon Year ended 31 December 2024 * The5eTru5tee5lOffice gEarer5 were members ofthe se5ss of AberIernr Parfsh Church or DnIchen Letham & Klrkden Parffjh Church or F(rfar 5t Mor4aret's Parish Churth orGuthrie & Re5cobie Parish Church belore the Union and bEcame Trusttesloffite 6•arws of Ftsrfar Souls Crrh Df Scotland at thedate of Ur>n. ThE follpwlng retlred a5 trustee5 durk¥ the p¥lryJ a1 Forf¥AI Sou151s most gratefvl thsupport and cOnt10Th as 7rustee5 Forfx All Souls Ls paoarty1 sad to reuyd tho dea of thè fo*MlnR tru•e5 dur1 thÈ peflod:.
Forfar All Souls Churth of Scotland Reference and Administrative Infomiatk)n (mntl Year ended 31 December 2024 Pthclpal Offl¢frb•x•r5 Moderatr.. Sesslon Clets: Flnancg Con¥•nof - Prkn¢W omre I jan•S[M Str4•t Forfar 008 2HY ch•rlty No: SOJJ1417 Indepdent E¥•rnlrnr EQAc¢ountants Llmited 64 West Hi8h Street Forfar DD8 IBJ Bank•rs Bank of Scotland 72 West HiBh set Forfar DD8 laG
ForfarAII Sauls Church of Scotland Trusteeg Report Year ended 31 December 2024 The trnsteEs prestnt thelr anNal report or¥J finorKial 5tatwnents of the thwity fry the year ended 31 December 20Z4. The Ilnanclal 5taternent5 have been weparEd In accOrdat wtih the accOtIn8 pollde5 set wt on pa¥e 11 of ihe accourts aNI coryty tlth the Genewal Assembly Re8d3t15 lor con8rwi¢al Financ•. th Charits and Trust8 Invo5Dnoni (ScothTrll Art 21J)5. the Charities Accounts lkndandl Rwlations 2CI56 (as amendedl •TrJ Accoumlw RepDrtln8 by Charitles.. Statement of Recommended PArtitE aPiCade to tharitie5 pfEpariry their accounts in arcowdanre wilh Finanoal Reportln& StandaTd kable In the UK arwj Rewbk uf Irel¥ effecuve from l January 2019. oblett and Act1¥ The Church ofscotland is Trinlt3ri3n in doctrlne, Reforrned in traditlrffl and Fe5Wn pdlty. It e%15tstO 810rffy God and to work for the advancement of Ovlsvs KInoM throu8hout the wortd. As a natlonal Church, It ack1vQd80S • dlstlnctlvo call nd duty to bri the orthne5 of rEl[8 to the peorAE in ewy parish of knlaDd th1v1 a twritryial rrrini5try. It ro" operate5 wlth othEr Churche5 In Y50U5 etumEnka bodtes ID 5cotknd Ixyry¥l. Locally w• alm to IUl• ow splrRwality. m&ir wywshlp aC$slIe and UrthrStdlb1e. and to work alDryldè others to makE our local cornrnunity a bEtter plxe to The cCryreWrt rb3w opeote5 frryn 3 Chwth worsw ntr& rurolly at the Aberlemno bulldin& at the Churth In Lethwt) ¥i1118e arnl frorn the lowk meDnI1 buildlrKg in Frvfar. We also rent commerclal premlses In the he( of Forfar tts have a central presen. Worship serv and actrvities take Pl in all 4 ¥èThues. as well as studies. tjppMUntrt for wayer, drop in fadlitie4 youp a(ti¥itie5, thildren'5 actNities. toddler groups and youth dubs, craft groLV lurKh dubs. For those who nOt att a Sunday. we haw a varlety of ahematfvqs rnldweek and oralne. Our many rA8anWSorn sh as the Men's Fellmhlp. the &lld. the h¢e groups and drop Ins. along wlth Dur Sunday School and Mtssy Churth. ertsure that there are aclmlles avai13ble rn all age ran8e& WE have a strong corrwwnlty loa45. runnlrvl a 5thoul unllorni wviecL 4 food proJertaNJ free iwklart Club thrN¥hwt the 51hoal holldoy5. We ve worked hwo to maint¥ln an xti¥e ¥wrshIppl yesence in both the wrnl commuraty and the towD ol Forf•r. We are seeln8 over 200 people attendln8 SI lorrn of worship e4ry wgrtk betwq•n IQO and 150 youn8 people. todd1[t to teens. Along wilh the re8ular W¢fshlp actrltbes. our lunch clubs and tosy CUP$ over iiKI attÈnders on a weekty basl We have also hekl manysocial and ¢omrnynity events that been verypopular wel atteThd. Hbwiclal Rwlew A5 wa5 the case in all the constituent churthe5 prior to the unlon ow source of income166,S%l continues to be fn>m regular offerlw by way of 5tandlnK order and FWO stheme. both and wlthDUt lift ald ltsx recovered on Rlft aid arnDunted to 12.5%]. The balance ol our income comes frcth tharftable athl other whith irKlude h&4 1Èty fundrdlsing and our tharity5hop. There has been an overoll drop In Inco of ap1X 9%. with ow recularoffthry drywn th15 17.1* p•rt5alfy offset by an IrKre&e In IrKome fIC our thafftiblo aThJ actbAll14S.9%).
Forfar All Souls Churth of Scodand Trustees. Report (cont) Year ended 31 December 2024 C05t iTrcrea5es contlnue to be a major Conrn. espttlally ènwgy an Iv4erall kKrea5e of approx Il% and also on 8olng property maIntalKe aysts of our listed bll4th. The tru51ees are wNare of the financi31 position. Our rttds were provlded kst year ¥)d we wil (lUe to io forward In faith the¥y11 a£aln be proded In 2025 whl&t having to dlp intoourresewves to rnatntaln our bulklkn85. Aslde from rrtalnlng a prudent arn(Murt in reseThes eath year K of the thwitrfs fund5 afE Jpent * thEre we fuThJ5 for lung te inve5trnenL Havlns consldered the opuons a¥lab. the Fhmnce CgrrnnlitEe intend5 to carry llut a of It5 Investynent polldes kn the Ilnandal Ir. R15k Manaymert The prfnclpal causes for concern are Incoas1 c¢)sts and 9350n6 INomq alowd w6th ag•tr4 congrngatlon, rlting . our havin8 to use reserves. Efforts to relleve the po1 arE bEWW urthrtaken Ixth in conlrd&¥ costs where p05yble focth w trying to Iruea5e membèrs, iiwn¢ throv4h a stewardship campat8n kn thE Autwnn of 2025. ThLs m ur#dertaWnB lo enhance members, flnanclal c¢)rtrfbut(ons IMent in thwth attpd1tS Is almed at "GIVI to GrNt' cornrniiment central fvnd fte5erns Polry The trusiees havE (Ddered th2 re5er¥e5 required and tsken into a£Trt their current and futtsro liablltle5. It is tho trustees. Policy to hold re5efvE5 of appriTrMknatety 9 months. eXd1Djre Incl deWated funds. At the year end the Church held unrestricted of £440.S23, whth represents 12 month5, expenditure aw¥J whle this 15 higher than would ncrfmalty be exFected the Trustees are aware of the need to m3intalTr thE stsndard and DF the bL+Alln85 within their contrd and responsiknlty. and their mbs¥lon 10 8rw their thunh. The chulth 3150 held £274364 olwestrKted fvnds whKh ha¥e been provA1td for the purposes spedfd in Note 16. Slrudure. Gown1n Jnd M•MI•w The con8re8atlon Is a Te8lstered charlty. number Sc2417 and is admtnlstered In acCOrdae with the tern5 of the Deed of Constitutkjn Iunitary FO> and 15 5ubjertto Acts and Wuktior6 oftt Generl AssembPsf ofthe Church of Scotland. Members ol the KI Sesdon ¥e the chartty intstee5. The Kirk Swion mernbers ue the elders of the thurth and ar? chose from those members of the ¢hurth who ire considered to the appropriaie lifts and skilL5. The mln15ters. who are member5 of ihe Kyk Sewory are ekned ty the conyoption and Presery. Certakn responsibikles are delegated to the Flnance Cornttee and the Properry Cormth as approykt& rk ¥A)Ith meets slx tlmes v•ar is responsi¢ for 4x(i affair5 thIn the Clth.
Forfar All Souls Church of Scotland Trustees. Report (cont) Year ended 31 Decernber 2024 nion During ihe current fin•Mal par a rnStr8 look a¢ a basls •1 Unl¢M been the foknwSr tongfteations (all Incorpjrated Scottish charftles).. 14arne5 of combSnln ch¥Sts Aberlemno Parish Church Dunnthen Letham & Klrkden Path Clwjrch Guthrle & Rescoble Parfsh Churth Forfar. St Maare1$ Parth Chwth Fvrtar LDv45un Memorial Parth Clyjrch Jmbv sco944 SCth13833 5C017327 sc rA)i SCL))2417 Please note F¢)rfJr Lowson Memorial riSh of Scothr#J iq the (c Mrne ol this thwbty whlch since the d•te of Unlon has teen known as'Forfar All Souls Chuith of Sand.. The basls of Unkm of these congregailons wa5 approved by the Offl¢e of5cottish Ch¥ity Re8uL3tor IOSCRI the Churth d Scotknd Iparent thwlty- SC0113531 an efftttive Union Imeryerl date ¢f IstApril 202Q As thi5 Union was a meryer of the conBregaty'ons ints we continuiw cureation the merger method of accoufitinz was thmed apwoptht& Thts ffejns the NNndal srthfrthts show the curreni Jnd comparnrlve fures as Ifthe ent1 have bEen the corn thr(wthtyJtthuse periuds. N¢>te 17 to 19 of the finarKial xatements wo¥hks fwther deialls of ihe prEer1er ar post rTffjEr Stzternent of Flnanclal Actfvtties ISOFAI IDrnPDnEnts a5 wdl as Thet assets at the date of rnefgerwhich make up the comtslned l*ur&s dEtsId in these fmancial statements.
Forfar All Souls Clwrch of Sc(rtland Trustees, Report (cont) Year ended 31 Dec•rnber 2024 Trusts•< A•4wndbllltlEsiTh the Fkn•wl•l Statements Th? charlty trustees ore re5ponsl>le for prep¥hw a trusthg< anrwal and finat%Jal stat#nents In accordan wlih applIcale la¥ and UThlted Klrvddom Accountlry Standth (United Gerltl Accountjnx Practkel. The law P1(able to charW5 In knlland reqwe5 the th•ity tntstee5 to preparq ffinan¢ial stat•ments for Èach year whiih shDW a true and fair view ofthe state of affalrs ofthe trity and ofthe and ey4)ertdiiure tsf thethartty for that perlod. In prEparini t finandal staterneTrts. the trustee$4re required to: - select Sulta& accountln8 p&kl•s and ihw apptythEm consi5tendy. - obsepée the method piincls In the apThble chai SORP: - rnakejUd8effntS and estimotes that a prtht," - stat• wh4th•r appllcabl• acco[[nO standanls and thiements of rocthnffl prxike ha¥E be?n lolkTh¥ed. sthlert to arby departures dls£105ed and explalned in the fbNncialsMQrn•fflS: - prepare the financSal stst•nents on the concem basts unlE5S It Is Inapwopriatt tp pSume that the Crity (ontsnue in operat1rleXI5tenCe. Th• trustets are responsible For keepln8 atquate re¢LYds thèt Ire suffiEnt to 5h(M eXaIn the chariV5 tran5Jclions arKI dts(10se re350nable accwary at any lome the finanda (#titsn of the charfty and to enable them to eTrW that the finandal ststements comply with tht Chaiitiès and Tnth In¥e5tment {Scotlar) Act I(15 and charitle5 Accounts15cotlandl Re8ulaUons 2006 la5 3mErthl. They orE 0 resble for saye8uard1 the a55gYs d thq chartty and heTKe for taking reasonable Steps for the prevention and dete# of fraud athl other irreDdaritfjes. The tIU5tees are Tesponslbk for thg maknt•naYKe and Int•8rfty of thè tharty and finandal Inform3tiDn on the con8re83tion's bsite. Le8i51ation in the Unlted the weparaiim and dlssemlnJtfon of flnarKlal slatermnts may dttfer from leR151atlon in OtherlurlC1IDrts. Approed by ihp T'urtees and signod oi thdr behalf
Forfar All Souls Church of Scotland Independent Examinerfs Report to the Trustee5 of Forfar All Sou15 Church of Scotland Year ended 31 December 2024 I report on the Kcounts of the chartty for the year ended 31 December 2024 which are set out on paEes 9 to 26. Respective re¥¥onsibilities of trustses and examiner The tharfty's trustees ère responsible for the preparation of the accounts in accordance with the terms of the Charltles and Trnstee Investment (Scotland) Art 2005 and the Charities Accounts (sCoand} Regulatlons 200613s amEnded). The charlty tn15tee5 consider that the audit requirernent of ftegulalion 10(11 lal to Ic) of the Axcounts Regulation5 doe5 not ¥pply. It is my responsibility to examine the accounts as required urKier section Mlll (c) Df the Act ar to state ether particular matters have come to my attention. Basls of 5ndependent eMamlne¢s statement My examination is carried out In accordarbce wlth Regulatlon 11 of the Charlties Accounts 15cotlandl Regulations 2IJ06 (as amended). An examlnation indudes a revlew of the acEcunting record5 kept by the charity and a cornparison of the accounts presented with those records. It also includes consideration of any unusual items or disdosures In the accounts, and seeks explanations from the trustees concerni any such matters. The procedures undertaken do not provide all the evidence that would be required in an audlt, and consequently I do not expTess an audlt opInn on the view given by the accoun Independent examlnerfs statement In the course of my examlnation. no matter has come to my attentlon which Elves me reasonable cause to believe that in any rnateiial re5PPCt the requirernent5- - to keep accounting records in accordance with Section 4411) (al of the 2rx)5 Art and Regulation 4 of the ZQ06 Accounts Regulatlons las amendedl. and - to prepare accounts which accord wlth the accountlng records and comply with Regulation 8 of the 2LK16 Accounts Re8ulattons las amended) have not been met or to whlch, In my oplnion. attention should be drawn in order to enable a pr(yer undEf5tanding of the accounts to be re?ched.
ForfarAII Souls Churth ¢rfScotland Stat4rn4nt of Flnanclal Activllies Incwie and eXpwl1l a(11 Year ended 31 December 2024 iazj Ormtkni•Th¥l•i•g W74 95 169 32J91 163.JB7 IIY7 ZlCgJ ¥437 90 Iq551 aoA77 Othwtrndlrrfattmues IrA*Stments 3JSi W39 050 17.1 10.735 IL947 L5 Il515 22.987 79.217 3U17S RaIr(lundS LO 261 iJo> 7V 741 170JJY 338996 3ts,7 7LQ71 151 I7115 340,299 16Q8 &146 745 SL710 J2 11 9J12 41.151 146 ioj 4L151 454M4 71W7 423. 15 1?8.721 Ifrarid
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Forfar All Souls Church of Scotland Accountlng Pollcles Year ended 31 December 2024 The prlncipal accountlng pollcies whlch have been applied consistently in the current and preceding year in dealine wlth iterns which are considered material to the accounts. are set out below. Basls of preparation The financial statements have been prepared in accordance wlth Accounting and Reporting by Charities: Statement of Recommended Practlce applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FR5102) effectfve from l January 2019 and the Financlal Reporting Standard appllcable in the UK and Republic of Ireland (FRSIO21, the Charities and Trustee Investment {Scotland) Act 2005 and the Charities accounts {Scotlandl Regulations 2006 (as amendedl. The charity con5titute5 a public benefft entity as defined by FRS 102. Assets and liabilities are initially recognised at histortc C05t or transactlon value unless otherwise stated in the relevant accounting policy note{sl. Merger accountlng ha5 been applied to Aberlemno Parish Churth, Dunnichen Letham ènd Kirkden Parish Church. Forfar Lowson Mernorial Parish Churth. FDrfar St MarBaret's Parish Church and Guthrie & Rescobie Parish Church which were United into Forfar All Sou15 Church of Scotland {fomierly called Forfar Lowson Memorial Parish Churth before date of Union). The basis of Union of these congre8atlons was approved by the Office of Scottlsh Charlty Regulator {05CR) and the Church of Scotland {parent charity - 5C011353) wlth an effectlve Unlon date of l Aprll 2024. The merger method of zccountlng has been applied to these financlal statements as If the entities had alway5 been combined. The accounting policies of Aberlemno Parish Churth, Dunnithen Letharn and Kirkden Parish Churth. Forfar Lowson Memorial Parish Church, Forfar St Margaret's Parish Church and Guthrie & Rescobie Parish Church were previously aligned and consequentty there has been no need to modify any existing accounting policies in consolidating the United con8re8ation, other than restating from receipts and payments basis as appropriate Golng concern The Trustees consider that there are no material uncertaintles about the ability of the charity to continue for the foreseeable future. and therefore ha5 adopted the goin8 conrn ba515 in preparing these financial statement5. li
Forfar All Souls Churth of Scotland Accounting Poliaes (continued) Year ended 31 December 2024 Fund accountln Fund5 are classified a5 either restricted funds or unrestricted fund5, defined as follows. Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider objects of the charity. Endowrnent funds are funds which have been given on the condition that the original capital sum is not reduced, but the income there from is used for the purpose defined in accordan with the objects of the charity. Unrestrltted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted fund5 are earrnarked at the discretion of the trustee5 for a partlcular purpose, they are designated as a separate fund. This deslgnatlon has an administrative purpose only and does not legally restritt the trustees, discretion to applythe fund. Recognition of Income Income is recognised when the charfty has entitlement to the fund5. any performance conditlons attached to the Itern(sl of income have been Met. it is probable that the intome will be received and the amount can be measured reliably. Donated service5 and facifities Donated prOfeSonal services and donated facilltles are recognised as income when the charity has control over the item. any conditions assoaated with the donated item have been met. the reipt of economic benefit from the use by the charity of the itpm 15 probable and that economic benefit can be rneasured reliably. In accordance with the Charlties SORP {FRS1021 the general volunteer time of congregation members is not recognised. On receipt, donated professional services and donated facilities are recognised on the basls of the value of the gift to the charity which is the amount the charity would have been vjilling to pay to obtain services or faalttles of equivalent economic benefrt on the open rnarket: correspondin8 amount is then recogni5ed a5 expenditure in the period of receipt. Interest receivable Interest on funds held on deposit is included when (eIVable and the arnount can be measured rellably by the charlty; thls ts normally upon notification of the interest paid or payable bythe Bank.
Forfar All Souls Church of Scotland Accounting Pollcles (contSnued) Year ended 31 December 2024 Recognftlon and allocation of expendityre Expenditure is induded in the Slatement of Finanaal Artivities on an accruals ba515 and 15 recognised when there is a legal or constructfve obIltIon to pay for expendlture. Fixed Assets The charity has the right to occupy and use for its charitable oblects certaln tanglble fixed assets, including the Church, halls and manse, vested in the Church of Scotland General Tru5tee5 (Aberlernno Parlsh Church. Dunnlchen Letham and Klrkden Parish Churdi. Guthrle & Rescobie Parlsh Church. and Forfar Lowson Memorial Parish Churthl. No consideration is Payable for the use of these assets. Expenditure incurred on the repair and maintenance of these assets is charged as expenditure in the Statement of Financial Activitie5 in the period in which the liability arise5. The thurch indudin8 Halls and the Manse are vested In the name of the Charity (Forfar St Margaret's Parlsh Chtsrch). The properties a carrled at deemed cosl other than the thurch bulldlng whlchls a Ilsted herltage property and has not been brought into the accounts due to the dlfflculty in obtaining a valuation on a continuing use basis. The propertie5 are not depreciated as the residual value is considered to be in ex$$ of the carrying value. All tsngible fixed assets costin8 in ex55 of £l,IxKI having a value to the charity greater than one year, other than those acquired for speclfic purposes. are capitalised. Depreciation is provided on a straight-llne basis to write off the c05t or initial value, le55 residual value, of tanglble flxed assets over their estimated useful INes: Computer Equipment Fixtures & Fittings Plant & Machinery Other A55ets 3 year5 5 years 5 years S years 5 years Motor vehlcles Inveslments Fixed asset Investrnents are stated at market value at the balance sheet date. Unreali5ed gain5 and10sses represent the dlfference between the market value at the beginning and end of the financlal year or. If purchased in the year. the difference between cost and market value at the end of the year. Realised gains and105ses represent the difference between the proceEd5 on disposal and the market value at the start of the year or cost ff purchased in the year.
Forfar All Souls Church of Scotland Accountlng Pollcles (continued) Year ended 31 December 2024 Taxation Forfar All Souls Church af Scotland Is recognised as a charity for the purpose5 of applicable taxation leglslation and is therefore not subject to taxation on its tharitable artivitie5. The charity is nat re8iStered for VAT and expenditu therefore include irrecoverable input VAT. Cash and cash equhrnlents Cash and cash equivalents include cash in hand and deposits held at Bank Df Scotland and with the Investors Trust. Debtors Trade and other debtor5 are recognised at the settlement amount due after any dlscount offered. Prepayments are valued at the amount prepaid net of any discount5 due. Creditor5 Creditors are norrnally recognised at their settlement amount after allowlng for any trade discounts due. 14
ForfarAII Souls Churth of Scotland Notes to the financial 5tatementS Year ended 31 December 2024 Unre Ae- En(k*w- ment Comblned Fund5 Total 2023 Fd$ 2024 Fund5 Total 2024 Funds 2023 L Donatlons and l•1 Offerings Tax recovered l(knAidl le8acies Donadons GI8 Day tharltablo Contrfbut other 153.739 37.942 824 .$63 162340 41,n7 44,170 4.092 1093 10,500 10.996 166A32 46263 15,500 19.865 1.460 1500 8.224 3.827 Z.169 10,393 3,827 L50D 57 li 95 391 163 187 Weddlng5 and Funerals 1>8anlsations Concvts & qvwis 5.222 137 20.166 5.359 21,369 3.475 250 18.927 3.725 19336 Incorne from other tradtw adl¥ltl•s Rent Received fmrn Property.. Hall Lets Manse Lets Chartty Shop 3.552 7A82 11.434 3.215 5,209 7X)I 5.209 167 IL Investment Inwme Dlvidends recel¥ed Bank interest 14.334 3.697 18.031 16.265 918 2.613 39 17.222 3,513 39 5. Oth•r Incom• Recelpts fmm Gerheral TrSte¢S 637 637 Other VAT Recovered Grants 2.466 14,311 167 270 93 14.581 51U SC
Forfar All Souls Church of Scotland Notes to the finanaal statements Icontinued) Year ended 31 December 2024 Unr ¢t•d Jtri¢ted Comblfved strknl strlcted mert Comblmd Fd$ Fw Fd$ Totsl Fund5 FdS Total 2024 2014 2023 20 6. Analtols af Expend1 Investment Man¥erfs F Fund Ralslr¥4 Expenses offeth8 Enlrtlopes 169 261 43D 250 986 236 317 261 67 303 Charltable Actlvltles Giv#)8 to Grow Corrtrib< 147.698 EndowmEnt Incpme 13,1371 Vacaw Allowance 11.196) Tran51tlon AllrA¥arKe Presbytery tJes MlnSsterfs Expenses Manse enseS Pulplt 5upplv Locvms, SaL4ry LoThms' Costs oan[St Fees Other salary costs Lease Costs Fabrlc Repalrs & Malnte Heat and Light Insuran Councll Tax CleanlnE Printin& postage and rt Photocopiqr Charges Offtach Costs Payroll Costs ITCosts HSE Costs oar Charge5 ComrnunKation Costs Newsletter e¥pen5es AttthJntsncy fees Ovgan & Music Donation5 to other thar Flowers Other Expense3 Depreci•tion Chwty Shop E¥pen5es Church Organisations 147.698 14L052 13.137 13.1711 1111961 111,1961 13JJ501 3.959 1116 9.104 1645 75 2a5 2.IL 25.357 141052 13.1711 111.1961 13.0501 5,781 L219 34,488 L259 5.781 1.219 42An 1259 2.116 1875 285 520 21,05Z 520 32,f 11,553 5.850 35 34,342 19,709 36,825 22,692 5.189 3,238 1286 1039 416 28 1.611 579 56 28.849 24,(N19 19.708 iiio 3.112 8241 75 37. 3LO54 20.598 2.110 3.S07 6,048 1471 7,817 6.123 928 42.948 23.620 614 381 3.851 2.667 2.042 6.039 41 2.097 39S 168 Sfi23 7A17 13 io 231 143 1.168 108 1,178 339 80 828 2,698 1358 L624 490 547 I734 5.470 1051 23 i.OS3 2.078 3.734 2.654 828 1691 13S8 74Z 490 2,078 3,734 590 240 547 15.475 2.313 2.051 2.627 2.627 5.327 5.838 2.359 3.157 5.838 li 39 769 270 Totsl Support costs have noi been separately klentified as th& tntstW5 consldr thqT• Is onty one Eharitabl• actNIty. Ther•fore sUPPOrt CQSts relate wh(Aly to th acti¥ity and have rrt SepardtÉ identified.
Forfar All Souls thurch of Scotland Notes to the financial statements Icontlnuedl Year ended 31 December 2024 20 7. StAtrfosts Ind numbers 31166 94 345 31(A)5 34.342 Social 5WJTity ¢OSts Tot81 34J42 The avera8e nuwberof en¥loy¢¢s (kn the )vrw45 4$ followT: Nrnber Nwmber Mimier1d1 support Administsation 81¢ staff Outrrach D¢vclopllKn¢ Sts Premisas nIllieDCe No employee had eD)ploJtt benefiLS ITh ¢x¢¢ss of £5WO12023 11) All Church of S¢otlJThl ¢onthIe to the NwionBI Siipend Fund whidi ljears the LYXLS Dr1 rnini5ter5' stipends and employ&$ contributiom fDr tionaL insurw. pEnsi(qk aDd bJu5ing •lld loan fund. Mioistus, stipends are paid in accardlle with th¢ national slipend whith is rtl•ted pr5 of5efvicE. For the )rar wndcr l¢W the minimwn stipend w45 £31,642 and the mlM (in the tth and subsequeni y¢s) £38.¥84. . TThstee RemvnErad•n Rel•ted PArty Tr•nJ•etloas Dunn the ear M'o tnJ51eus ieceil'ed reimlMw5e ofexpen5es I[ iotaliin8 £6.97712023 £4326). In Adth'tio ]KS Wete of the Kirk Se55ion re1V1 £7,046 (2023 £10.483) for their serk'icc5 a5 p3510ral ,. d adminisTriiii'e 355isTants. Durin8 the year a of£29,119212023 £21256) was donatrd to the tongreEalion by tre¢S. 17
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Forfar All Souls Church of Scotland Notes to the flnanclal statements (continued) Year ended 31 December 2024 10. In4wm•rts 2023 Market value at l January Addition5 at cost Disposals Unrèalised 8•ln I (loss) on InVestMts Market ¥ae at 31 December 346.434 325.358 5L994 398,419 2L076 346,434 In¥estrn*nts at cost 111102 112.102 The Investments are ¢arried at theirfalr vahR. The ftqlowing are held: Church of 5colland In¥e5t(K5Tru5t Growth Units Church of Scotland Investors Trust Incoffle Units OtherlnbYslments/jlthgs etc No. 17.523 17.523 3,908 2390 23,890 ILD 2023 ft AKI Tax Refund Ihe 30.772 37.Gf 4.779 73.211 5.776 13.702 358 Prepayrnents Trade Debtors 19A36 cr•dIv% 2021 Accruals Other Credftors 10.797 L269 9.173 454 Trade CredltN5 33,745 45,812 5.750 15,377 19
Forfar All Souls Church of Scotland Notes to the financial statements (continued) Year ended 31 December 2024 13. Collectlons and fundrnlsln8 for Thlrd Parths 2024 Z023 Chri5tvan Aid Cro55 Reath Panahata Clinlc 454 SY 140 494 2CI) Poppy 5wdand Rotary Club Eckwedenl Hospital Forfar Fairtrade Forum Mission Aviation Fdlowship 5cott15h FaSrtrade Forum Ukralne Relief RCHA Red Cross Brechln Flood Appeal R5ABI InlstOn CHAS 346 423 1.585 419 205 50 537 161 976 237 381 120 1,587 253 cyAan5 4.410 5,589 14 Volunteers In cofflmon th all congregations olthe Church of Scothnd the congregatloft benefft5 from the contribution mode by vglunteer5 vhKJ gT¥e their tlme and talents v4ill•n8ty for thè bÈnèfit ofthe Church. The areas of congre8ational Iofe which rely on the (ontributlon of volunteers are many and varied and much of the actlvtty would be unable to contlnue vlere it not for the cornmllrrl shown. l& Analysh of NEt A55ets Amon8 Funds Cumt financoal year Flxed Assets Investments Desknated Re5tr1rted Endowmeni Totsl 16.846 291,445 18,089 145.812 280.568 5,054 498 21.9DJ 398,419 344,516 145.8121 719.023 106.476 53.479 Currenr Asseis Current tsabllitles Net assets •t 31 DeG 2024 270,812 2.136 159.955 276.364 2,136 General Deknoed Restrkted Endowment Total Comparatl¥• finandal year Flxed Assets 7.957 202.278 106,677 110,9981 305.914 6,852 427 14,809 346.434 374.018 115.3771 719,884 Investments 141, 6.914 1,924 iio Current A55ets Current Liabilr<ie5 Net assets at 310ec 2023 2EQ.318 14.3791 263,218 148.718 2.034
Forfar All Souls Church of Scotland Notes to the flnanclal statements (continued) Year ended 31 Dernber 2024 l& Movements In¥ertmEnt In(o•w E¥pendltur• Trnnsl•r5 pln/(lossl At 31 DOG At Ilan. 2024- Cuent year Endowmerrt lunds 8enevolent Fund 1034 1034 102 2.136 2.136 102 Reslrleted fundi 8enevokncè Fund Chdr & Or8an Fund Refurbishrnent Fund Property Alteration Fund Redecoration Fund Letham Church Renovatlon Fund churth Gulld Fur# 4,976 5,205 44043 50 4,976 5,205 46.043 4.050 39J57 3,278 56.406 71J27 115 87 299 5,050 41.6¢XI 3,695 L859 3.266 L4102 2.916 117 593 (261 (2,8491 19.3631 Property Improvement Fund Community Hub Fund Cratt Chat and Cupple Fund Flower Fd Food Proprt Hardthlp Fund Men's Guild Fund 74,243 232 (5881 (L4261 (6,1421 (1,4801 11.6311 I41.3) 15191 92 375 37.421 3.161 l.(M]2 32. 1.416 10.667 3,226 3.525 12291 MI5 Outreath Development Fund Soclal thnmittee Fund nday School Fund Vouth Group Fund 26.524 1.238 511 717 342 1.475 263.218 342 15,2431 17L0711 1220 276.364 79.217 5,LK)Q l1nre5rtsd fund5 De5iEnated Fabric Fund 126.345 12A26 14,5781 933 137.526 Des*nated FurnlshiN85 Ftsnd Guild Fund 15.636 396 15.636 13961 General Fund Designated in the picfure Fund Reserve Fund Desl8nated- 55hrSurfers 305.916 292 Z33.571 2.526 Qi&J61 12.1101 17.OCO 280.568 5.784 265 5.820 265 454,634 719W6 248.959 328.176 1309.7801 15,OCQI 51.710 sI1z 440,523 719,023 Totsl fund5 2024 zi
Endowment funds 8enevdent Fund .. fo be dotrf tD dVpV50n5 notln recetpAporoDW rthf. PILW used to buyitems AortheloodproiecL Restrfcted funds 8enwttlen¢e Fund .. Thisful is toprovlde benelencedt the KtrkSession¥ oYscrrtNin Chalr& (kqon Fu4Jd .. Thislund h to tissist W7th the c05tof mu51cOrVthp RefvrblshmertFuftd ,' Thisfvnd it to asstwlth the mairtenort¢ fepolr. rent1 tmd Improvement of thefixtures ondffftinqs undfvrnius wlthln the chvrch propertses PropertyAlterntlon f¥& .. Thtsfvidts to with ma10fter0t1OTrs ID dwrrh builthrys ethom churth Renovorfon Fund .. ToprDthforthE rnlosrtlon of Letham Churth Hollgnd Gmunds Chwd• 6ulldFuml .. To meet the costs ofchurrh GuKd octlvltles Property Imyovrynt Fund .. Thisfundlsfvrfuturn Improvements to the Chur5 ond homs Commimlty lfvb FWMI .. Thi¥fvndi5fvr thefv¢¥Kin9 of the con5tnKtion ofo comfflunityhub Chotand Cupple Fund .. Thisfvndisfv theprO5 of croft mutethlorthe group Flow Fund .. Thlsfvnd tsfvr the provlslon offv*vs on spedol days to the member5 offjour congreggtkjn who ontribute t(J thi5fvnd Food Prolert .. Thls fvnd Is to cover the a>st OI addltfonolAood to cover the needs ol ourfood parcel dlstrlbutlon Hun15fv1p Fund .. Thlsfund Isforoutrecth ro the homeless IdthEr910VPS In nEedwithin ourcL¥mmunity Mens'Gdd .. Thisfundis to cover the r05t uf Men s GuMtIeS Mlnllws .' Thtslvwrdi5 ta coverthe repain undmaintenonce oAthe chuf(h minthus Outrrnch cthlopffKnt Fund . Tlwsfvndis to meet the co#oA¢ommunlfy development workondffloted urtivities 5odal Comnthe Fund .' Thtsfvnd Is to coverullsoclolortltl¢s SundaySchaolFund . fhtslund s to CO the cost olfesourcesforallsundoyschoolartlvhles Youth Group Fund .. Thislund cubwour Youth Group actfvldes Unrestrlcted & dTrated fvnds DesignatrdFulMVf Fund .. The tnutee5 hove setusidefvndsforthe fflointenonce 0Sthe church wopert Fwn15hlngs Fund .. 7k tnfjtees IMThY5etasidefvnd5forthE rnplGcementolthurrhfvrnlth9S GuMdFund .. To coverthe cost arnnIng ForforAIISouts Chvrth ofscotlond One sentence hwtforeoch ofthe obove VAstrted & de&gnutedfvr5 to thepuqJDse In thePICTure Fund .. To produce 0ndd1strlbea nkmthly newsletter to ollhnmes In Lethttm Wlloge onddistrict RestnE Fund .. Nv re5triction5 Dulgnated - Sllbv Surfers ." Thls lund is to cOr the cost ol osslstlng members of the tongregatlon wlth omputinq skllls Transfers: all trnnsfers were agreed by the Kirk Se5yov and are in line with the relEvantfuntl crileria. 22
Forfar All Souls Church of Scotland Notes to the flnancial statements (contlnued) Year ended 310ecember 2024 16. M•)vem•nts In l¢ryrtlnuedl Investsnent At l Jw. InciMn Ewndtw• Transfers plnl(lossl At ai D ZOZ3- ¢ompafatfve Efftd(Mm•nt funds Benevolent F¢Jnd 1.853 1.853 142 2.034 2,034 39 142 Restrlrt•d funds Benevole Fund Chdr&Organ Fund Refurtjlshment Fund Property Alteratir)n Fund Redecoratiryb Fund Letham Church RenOVatn Fund 4,892 5.117 22.355 38.828 4,976 5.205 46.043 so 23.303 123303} 115.475} 4,OSO 39.857 3.278 56.406 74327 115 27.447 2,549 55.606 14.410 Churth Gulld Fund 13,2721 1849} 16 Pfoperty Improvement Fund Communlty Hub Fund CTafL that and Cupple nd Rower Fund Food Proje HardshSp Fund Men's Guiw Fund mini15 Outreach Oe¥elopment Fund Soclal Committee Fund Sunday School Fund Youth Group Fund 1.649 153) 1547) 12.7551 11062) 1825) 11,475) 135.289) 186) 14) 13.5321 168,224) 87 299 10.667 3.226 3,525 12.291 iii 342 1.475 263.218 12.729 1.301 2.750 20.493 31.922 {4.8351 11651 711 252,6 77,520 16 Unre5tr1LtEd fvnds OeslEnated Fabrk Fund De5i8nated FuMh]ng5 Fund Guild Fund fjeneral Fund Design*ed In the PICTurè Fund Reserue Fund t)esignated- Sllversurfers 123.102 15.371 1.869 277,430 217 (l739) 2.250 2,072 126.345 15.636 396 265 IL33D) 277380 1265.781) (1225) 19891 (1,9611 13CQI 18 305,916 292 5,784 265 5.n5 265 423,Y69 678,7Z8 282.820 1272.075) 350379 1340299) li.C#y)I 20,920 11.073 454.634 719J86 Total funds 2023 23
Forfar All Sauls Clwrch of Scotland Notes to the flnanclal statements (contlnuedl Year ended 31 December 2024 ChxRyA' (I•B' ClwyD• thwltyv fhirtty Iprtr Ipwt- Carrkn•d mEryvI mEryW) Totsl TDtal IrKuw Total elpwdture Net kne0rlèXpenI1ej 3J51 12h76 37.no 165.161 32B.052 IziJ751 144.14¥ IlE71) 1350,7171 14J6Y) 12iAX)1 I52,6} 715 12.156 51,812 1&6541 ($631 14.8841 113 15.4751 533 4.353 441 31.629 22,730 13.7ni .44YI tharltyA AbeJrnw) P4ytsh Chvrth Ch2rtty6 Dwmthn Letham Chw£h Charttyc Guthr & Rescabiè Pirish Cknh CkwttyD Fwfw.5t Mirw•t'5 PwlthClwJrth CWtyE Fff¥ Lowson Parbhthurth Total Ttyal IKome Tthl •%pernlltur• Netknrnplloipendhwel Netpthsllh)ssesl 36Jii a1695 3.626 17.654 28.153 72953 175,298 360,379 In,4) 18S,6661 11640911 1340.2W 6399 112,7131 ID.DSO IG,ISO 21,077 Imi 4JID 13.110 gA79 3A37 10212 41.158 lat(h4Dn Iunlw Comblr Total 67J59 57.546 7ZA36 357,742 16&592 721174 Unre5tr*red funds Restr5rtedlLTh15 53,775 14X 9.496 301A68 45,914 56274 IU6 S759 57.y6 19.043 147.550 456.217 263.822 136 722.175 72A36 357.742 166593 14
Forfar All Souls Church of 5¢otland Notes to the flnancial statements Icontlnuedl Year ended 31 December 2024 The po[e5 d txjth Dunnkhw LeTh KFrtdeD Parbh Churth ¥•J FNfx Ltr•I MErrvJthl Parlsh Clwrh wmr? Pr15 alLqned and ¢tyWlUEThtthtre has bEen M nEEd ts mAIW¥•rtyd5t¢•cctyJMq The ured conirwlon. Aberlernno Parkh Chrt F<fF 5¢ Mwiarg1'5 Partshthw¢h, & Re5roblE Parf5h Clxych use¥ rKeSpts and payrnents ba for prEpaiini thElr $14ternrts thttewe xeslathttkn rhe %o)umlw perloj and vjryeniwrup tothE dète ol w¢ryr. maln rtwlred felèikn to [rll$ ol 1n¥r5trn Ind th èld Lbty Athkh amounied to an £15.748 •JluMmert I£IDJ(A) Ind E4,948 respectpthj kn the £omparnti¥e £JJ50 atytmerrt In the ojrreni finarKlal yw Up to thE meryerllloftld On unftln8lthe nwerl thmwa5 fwbolarydthecQrtsth(e84r3n5. 15
APPEM)IX FUNDS HELD ON BEHALFOFTHE CONCREGATiON BY THE CHURCH OFSCOTLAPID GENERAL TRUSTEES 1024 APITAL A Crnlit B&lanEes held yt 31 Dr]b¢r at co 45J8&17 Market Value of Ba1Cc¥ st 31 D¢rani 66,7J4.68 REVENUE ACCOUNT Crvjit Baianre J l December 18.749.05 69ffi46.6B MPORARY ACCOUNT Cr¢dit B3¢¢ 4t 31 ikcunbrr ii.oso.I I (1.049J3 ) 26