HEART OF FIFE PARISH CHURCH OF SCOTLANO
GLENROTHES LESLIE WIRKINCH & TH
RNT
SCOTTISH CHARITY REGISTERED NUMBER
CONGREGATION REFERENCE NUMBER
SC002472
241490
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OECEMBER2024
CUNNINGHAM GRANT
CHARTERED ACCOUNTANTS

HEART OF FIFE PARISH CHURCH OF SCOTLAND
GL
NROTHES L
LIE ￿RKINCH & THORNTON
Conten
R•port ol Ihe frustees
Independenl Examinerfs Re￿rt
Stai¢ment of Financial A￿1VI￿.eS
Stalemeni ol Finanoal Posi1￿n
10
Notes 10 th8 Finawal State￿￿nts
Appendix
24

HEART OF FIFE PARISH CHURCH OF SCOTLANO
GLENFiOTH
S LESLIE MARKIN
H &THORNT
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENOED 31 DECEKIBER 2024
The Trustees present Iheir annL+al report aid fin￿la1 stsigments of Ihe dBrity for yew endgj 31 Oecernber
2024. The financial stskrrents have been )repare¢J n ￿Kdance wrth Ihe accnunlrn9 policies seloul in the noles
to the accI￿nIS and comply th Ihc Gcncral Assembty Regula¢ion¥ fDr cororegats.onal FIn￿ce. the Ch¥ilies and
Trustee Investment lkniiandl Acl 2005. the Ch2nliès A¢¢ounls Iscoysndj R￿Ul•tityns 2006 la8 amended) and
Aecounling and Reporting by Chanl¢es.' Sta'emenlol Recornmended Pra¢b￿ a?pltsble lo charities prepariry I￿1r
accounts irb a￿or￿anCe with thé Financv41 Reporting Standard aFg1icabl2 in iho UK Rewbk of Ireland
published on l January 2019.
STRUCTURE GOVERNANCE ANO MANAGEMEI
The Congregation is a regisleied charity. nJmberSC002472. and ts a¢rninislered in accordance wth Ihe le'ms of
the Deed cf Consiiithion (Unitary Formland is subied io Ihè Acts and Re9￿atrOns of the General Assert)lyol Ihe
Chufch of Scotland.
Mernbers of the Kirk Session are Ihe charits. trusl*s. Ttrie Kirk Session rnÈrnbers ar& Fldg.r* nflho Church
are Ch￿en from those mèmbers of the Cfurch who are considered to haNe me appropria'.e gifts and Skills. The
Min15ter5. who are members ol t￿ Trfirk SessK)n. aree1￿ed by ts ffjngwation anl induded by Presbylèty.
Thg Kirk Sesgon, which hag rnél SY￿ lifllos sinco Ihè un*in. 15 rosponsiblo fof oll offair5 wkhin tha Churth under Ihe
unitary conslitulion. The Kwk Session Gomrrises several group5 w,Ih specific responsibilstie5' MiSs￿n 112 IfocugNg
on the first two Nlarks of Mission). Vilss on 31415 If¢J)Jsing on Mark5 of Mission 3. 4 ano 51. Fabric. Finance, and
Communtsiion5. This has been parJcularfi di1r￿ul¢. and lime consuming. as each legaLy cOng￿ga￿On did things
Jghtly differently. Iherefore. Ihese lasf5 8FB fKrt yet cornpkie and the work coninue5. The Eld&rs WDO arè
resronsible for tha gpiriual affairs vathin th* ChLrch are SUPPOrtod i) the59 groups by co-opted members of the
o)ngregats'Dn who are tElieved lo have the skills and comrnitrnert lo contribule lo tho rnanagemenl affairs of th@
Church bul are noi trustees.
Tho con
re
ation has b8en albGated a'.ean wi-.
',￿ree TAinslers ofword an¢J Sauarnènt. With ¢he rdiral ol
n 14 April 2024 anLI
ndicabn9 on 4 November ￿24 that he wovld bo
eac
Ing as sole nominee at a church In =dinburgh in Ihe New Year. we arÈ in vaewey aThd a nomttiatmg
l￿￿MIt1ee has been formed.
The ministry leain 15 suppor1￿ by a fUl￿1￿￿e Pa510ral Asst51anl. a pan-timE ChiKJren and Faniligs W0￿er. ano a
rA8rt-liffÉ Missx)n Co-oidin3lor. Somo m•mb9rs of tha con910ga1*c￿. many of whorn have completed tre Fife
Presbytery Weavinq Worship cou@e. also parlicipale in leadin9 wotslip.
OBJECTIVES ANO ACTPIITIES
Thè Church of Scolland is Trinitari¥n in docrine, Ref¢rrned n Iradknon attl p￿byleri8n in polity. It e￿St5 loglorify
God and to work for the advarcemenl cl Chrisl's KIngdA)￿ t￿￿￿hoUt the As ¥ national Church it
ackno1￿ed9eS a distincbve call aTrJ thjtyto the oidrnaw ofre1￿￿n to the peogle in euery parish ofSoJlEand
through a ierrilonal milli5try. It CO-operaiÉs with other Churchès in varioLS ecumgnical bodies in Scolanj and
iEyond.
The ￿'rk Sesson has adopted Ihe Fi4È IAarf(s of MissM)n as 41$ primary obioctiv•.
To prodaim the Good News olthÉ King(k)m
To lea¢h. baptkse and nurture new believe
To respond to numan need by lovng Ser￿
TO 5vek lo transfo￿ uniusi S￿c￿reS of sociay. 10 thaiier¥Jè ¥￿￿nce of evèry kind aTrJ pursuo Jeace
and reconcliaLon
Tts strive to safeouarf lh8 int￿ty01ertrthn and Sustain #Ad renew the lifè ofihe ewth
To help in roc￿ssIng the actiwties of the Ccnglogal￿. kn group5 ￿re lom)e(l. The 112 c.roup fwusses on Ihe
rirsl tSYO tnark5 Of rn155￿. 31415 GftsJP't￿55e5 on Ihe rernainirs maths ofmt59
Services ol Worship are held evwy Sundai mrThng xt 10.30 a.m. In J￿lY anlf August, Sunday rnoming WOf5hip
was hèld ine&h church bu,.Iding on a 6-week rotstion, ènatsing Ihe Vaiiousl￿acy con9régaliorts to come together
in leSlow5hip and gèt to know orbè another mfg ouithly. From September lo Dwernber servi￿$ ￿ere held
alternately - three 5¢rvre5 each w￿k in '.hree buildin95. Afternoon and ev￿1￿9 s8rvces are a150 hekl In the
various church bUild￿9S. Junior Church is avaTlat•lo for Ghiklren of prirnary school age a crèche Is prnvhyeo
lor babie5 and Infants. WoF5hip lakes placé monthty n ky>l care homes arxt xhool ¢h¥laincy is offgred iri Ioc81
schools.

HEART OF FIFE PARISH CHVRCH OF SCOTLAND
ENROTHES LESLIE MAR
CH & THORNT
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEM
OBJECTIVES AND ACTIVITIES (Cont..)
Throughout the week the church runs activities forall age5. These indude.. the Guild, Good Companions. Welccm8
In. Wam Spa￿. coffee momings. Klessy Churth. Monday Club. Yovth c￿b. as well a5 Ihe Lillle Fishes and Wild
Weans toddlergroup5. Mso. Sl Dfosian's on Fife Pilgrim Way offers iours anil welLy)me 100s ofvstiors every year.
Our ha115 are used by many c(Mnmunity groups. These indude". Altheimerf5 Group. fitness and martol dassgs.
Guide Oog puppy Irainin9. CoMpaSs￿nale Friends. TeamJak. EXp￿sS Group. Crossroads. Gingerbread, slimrning
groups. ch￿r$. NHS baby irnrnun$5ation. Tiger Clubs and Guhles. Brownies and Rainbow5. Some of the premisès
a￿ also used for Local Council and resw1enis group meelings and as a Pollin9 Station when required.
Ourcongwalxsn aclvety particspales ecumen￿allY in Glentothe5 Churches Tcg8ther and seeks lowothwtth Other
denominations where possible.
ACHIEVEMENTS AND PERFORMANCE
On 1 July 2024. six ￿)cal chufches joined togeiher to fowm lh8 H8art ol Fife Parish ChEtrch of Scouand IGlenrolhe5.
Leslie. Mafkinch & TIK)mtonl. These churches were Glenrothes.. Chr6t's Kirk Church of SrA)Iland. Glenrothès.. Sl.
Columba's Parish Church of Scolland. Glenrtsthes.. S¢ marga￿t.S Parish Church ol Scoyand. and Glenrothes.. St
Ninian's Parish Church of Scotland. Les1￿.. Trinity Parish Church of Scouand. and Marf(inch & Thornton Parish
Church of Scotland. This union w35 proposed in the Frfe Presbytery Plan but voted for, and approved. by every
Kirk Sesgon and CongfegatK)n of each ol Ihe Churths.
Th8 weekly services afe broad¢asi INe ￿ various plafforrns lor members Unab￿ to attend. The number atlendir¥J
worship is approxirnately 200 beh¥een all the church seNce5.
A holiday was run at Markinch and atso in the St Margaret's buitrjing. week￿ warn spaces were provided in
tr40 ol our building5 and a I￿e Christmas Day lunch was provKted to about 40 people from around the parish.
Or* Rememtirance &Jnday. the Act of Remembra￿? was held in tsvo of th8 churth buikllngs during the morning
service as well as a service a¢lhe Memofial Gardens in Glenrothes and lh8 War MemwtaLs in mark1r￿h & Thornton.
Ouftng the school hOl￿ays. Fife Courtil uses iwo of ￿ Chuich's p￿rn￿eS lo distribulo freè pad(ed lunches lo
familie5 in need.
Thomton Parish Church was sok1 on 6 Decemb&r 2024. wlh a service hokl on 3 December form81ty marking the
closufe of the building.
FINANCIAL REVIEW
Our princspal sources ol income are from weekfy olleiings. Gift refunds. church organisalion actNibe5 and
h811 lels. We have noticed a decrease in offerings Since the union. The majority of rnembers who paid by sta￿1n9
order had 10 transfèr Iheir offerings from one of the legary churches. aco)unts to Ihe Heart of Fife account. and
some have ¢h05en not to. Some n￿l￿berS are attendin9 church les5 often as servir£s were not being hekJ in'theirf
church every week. but once every si¥ weeks in July and August. then once every two weeks from Seplember to
December. Some rnembers have 4Yec¥Jed to leave Ihe d)urth altC4Jether.
For dafifi¢ation. Congregalhjnal Organisation incompjexpenditure covers irwxsmelexpenditure by Ihe Little Fishes
To¢Ydler Group. Sponsored Ch11iJ. Warm Welcnme. Fk)wèr Fund, The Guikl. Young People and Families Fund, and
Ihe Mission and Oulrea¢h FuThJ.
Al the year end we had a Cdlec￿e GNing to Grow shortfaj of £38.162. The tsat#"lity was Sèttled in 2025 from tha
sale ol Thornion Church.
In 2024 Sl Mar9aret's Parish Church recerved a beque5l for £5.OCQ for ihe upkeep of that building which is a150
now part of Ihe Property and Equipment Fund. They aL%o recewed a bequest of £6.279 which has no restrictions
on it so this has been pul in the General FuThJ. Markinch a￿1 T￿rntOn also rec8wed a beouest of £1,789 during
the year whrh had no reslriciK)ns attached.
The Statement of FIna[￿tal Activi1*5 Sh¢h￿ a defio"I forth8 year of £38.602
Total funds al the year-erMI were £544.437

HEART OF FIFE PARISH CHURCH OF SCOTLAND
GLENROTHES LESLIE MARKINCH & THORNTON
TRUSTEES. ANNUAL REPORT
R THE YEAR ENDED 31 OECEMBER 2024
INVESTMENT POLICY AND PERFORMANCE
Our Invesiment obJe¢ts"ve$ a￿ Ihe preservabty) ol capilal whitsi pfovKling consis￿nI income. The funds are held
in the Church of S¢oUand Investors Trust split beN¥een Ihe Gr0￿h Fund and Ihe Ine*yne Fund. The Trustees of
Investors Trust appoint reputable Fund managers lo manage boih FuThSs on their behalf. 80th the Growih and
Income Funds have delivere(I posilive re￿m$ in 2023 awwj 2024.
RISK MANAGEMENT
The T¥u5tees consider Ihe f<Alowing to the main risks [￿g th¢ clwity..
We are ¢uffenUy in vacancy for a Minister ol Word and Sauament and O)r￿eqUen￿Y the￿ is a reduced
ministry resource.
The I￿￿ased risk in h)sing members due lo Ihedfrnwraph￿$ oloureoThJregation could adversely affKt
our viability as a cor¥JregaiN)n ènd our income s￿8M.
Thè $￿e and 8ge of our buikjings maan that there 15 a risk that a13rg9 repair may be required. forexample
the replacement of a boiler. ￿1¢h would impact on our ability to worship in the affected p￿rnises or olfer
our haws for community use and hire.
The incr8358d regulatory frarnework in a range ofareas from Child pro¢e¢bon and protection to health
and safety and empknyment places a bi9 ￿ponsIbIlity on volunteets. There 15 a risk that we are unable
¢0 find volunteers wilh the skills and compeience 10 carry out Ihese tssks.
The charity ￿lieS on a small core of volunteer5 10 cary oul a nurnber ol key tasks which put us at risk
should Ihey be Una￿e lo carry them oul lor any reason.
The cost-of4ivin9 Cris+5 is a con¢¢m t)oth in t8rn￿ of income and expendrture especialyon cost of utilities.
The Trustees ara taking thè Idl¢)wng stèps to miligate these risks:
A vacancy comrnittee has been forrned to seek for a suiiable caTrJHfjale to jthn our ministry 188m.
New forms of worshw) and aciwrty to encouraue a broader age profile have been introduced Such as
Messy Chuf¢h for famil*s once a month.
3. OulsKle expertise is soughl when required to support us in *Jh¢ring to Stslutory reqUI￿n￿nts. There is
also a regular pattern of prowrty surveys affaThJed by Presbylery. Fire P￿$bYlery is k)oking io support
Churches in fabllc rnaltets and to reduce the burden place(l on volunieets.
There Is a requirernent lo ensure that lhe￿ are no'single points ol failure, and Ihat more than one person
is able and ￿lling to rarry out these key tasks. Wè will ènsure th31 docurnentabon is in place lo record
whal the vanous roles entail.
The ￿rk$O$S￿n deleNnine(I lo r8viewthe missional reqtsiremgnlfof each ofourbuiJdirKJs du¥ing 2025126.
RESERVES POLICY
The charity Iruslees have considered Ihe ￿SeNe5 required and have taken inlo account their current and future
l¢abililies. 11 is Ihè Trusl8es' policy lo hold reserves of approximaiely 34 monihs. eX￿ndItUre including designated
funds. At the year end Ihe Ch￿rth hek1 unre$iii¢ted fund5 01 £105.340 of which £21.725 has been ¢esKJnaied for
fabr￿. The Church atso held £355.749 in reStr￿led funLJs whth have been prO￿ded for the purposes specified in
Nola 16

HEART OF FIFE PARISH CHURCH OF SCOTLAND
GLENROTHES
MARKINCH & TH
RNTON
TRUSTEES. ANNUAL REPORT
RTH
YEAR ENDED 31 DECEMBER 2024
GOING CONCERN
The charity tn15tee5 recognise Ihat with the subslantial dèficil and lalliThJ coThJregau"ons resulting in reduction in
income. steps need lo be taken to ensure we ￿main a going CO￿8m. These indude..
viewing ihe need for 811 our thurch buiklin9S With a wew to ￿d￿ong our overheads
a slewdr¢Jship campaign lo er¢ourage generosity amongst rnembers. ind￿J1*yj promotion of stsnding
orders for wular givin9 and ￿gIStratIon for Gift Aid
a community audit 10 enwurage errfJagernenl ￿th Ihe chufch. promote Ihe services we offer and ensure
they are aligned wrth the needs of Ihe people we look lo serye
promotion of online cashback through easylundraising
use of ¢rowdfunding an¢J seeking exlemal grants for specifie P¥Ojéds
drawing down resour￿5 frorn the Cons¢Yida*d Faiic Fund and investments where appropriate
taking advanlage of the Lisle¢J Places ol Worship Granl stheme to reclaim VAT on labric expenditu￿ in
cKJr 3 listed burfdings
UNION
During the current finan¢ial year. on l Juty 2024. a re5truciuring took place v4? a ba515 of Union belween Ihe
lollowng congregaiions (all uninrA)rpor3ted Scotbsh Charibesl..
Naffl8s of combining ¢hariti•s
S¢otti$h Charlty Numbor
Glenrothes.. Christ's Klrk Church of Scoland
SC007397
Glenrothes.. St Columba's Parish Church of Scotland
SC016386
Glenrothes.. Sl Margarei's Parish Church of ScollaThJ
SC009845
Le51ie Trinity Parish Church ol Scolland
SC014025
Markinch and Thomton Parish Church ol ScoUaThl
SC003417
Glenrothes.- St Ninian's Pailsh Church of ScoUaThJ
SCLK$2472
Please note Glenrothes.. St Ninian's Parish Church of Scolland is Ihe fomwr nam8 of Ih*s charity which since the
date of Llnion has been known as"Heart of Frfe Parish Church of ScolLqnd"_ The basis ol Union ol Ihese
congregations was approved by the ol Scollish Charity Regulaior IOSCRI and the Church of Scotland
(parent charity- SC0113531 with an elleciwe Llnion ImeTrJerl date of 1 Juty 2024.
As Ihis Union was a ￿￿[ger of the congregaiitins into one ¢onbnuing eongregalion the merger method or
aceounts'ThJ was deemeij appropriate. This means the financ￿￿1 stalemenls show th6 current an(1 comparative
rigures as if the enlib.es have been the combined Ihroughout those periods. Note 18 to 20 of the financial
31alements wovides further detaits of the pre-rnerger a￿1 ￿$1-merger Statemeni ol Financial Activit￿eS ISOFAI
component5 as well as Ihe net as5et5 al Ihe date of merger which makè up the ¢xJrnbined figuros detailed in
thesè fIna￿l￿1 statements

HEART OF FIFE PARISH CHURCH OF SCOTLANQ
GLENROTHES LESLIE hlARKINCH &THORNTON
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
ReFeRENCE AND ADMIMSTRATIVE INFORMATION
CHARITY NAME
Heartol Fife Parish Chufch of ScodaTrl (Glenrothes. Lesle. Markirch & ThorTrtonl
CHARITY REGISTRATION
NUMBER
SC002472
CONGREGATION REGISTRATION
NUMBER
2414SYJ
CONTACT ADDRESS
slcd￿mb3'S BuildiThJ
Trie Chwch O
Rothe¥ Ro¥1
GbnrDthe5
Fi'e
618N
PRINCIPAL OFFICE BEARERS
hAniSte￿..
Stss*Jn Cberks..
Church Trta5wer.'
INDEPENDENT EXAMINER
C1arfered Acc¢yJntant
cEjnni￿narn Gr8nt
Uoit G6
The Grarnary &JsiDe55 Centre
Cjpar
Fle
Kf15 5YQ
BANKERS
R)yal Bank of Scotland
3 Fal.%lan4Y Gaiè
Genroi
Fle
KY7 SMS
Bank ol Scot￿￿j
9 FalÉland Ga
G'e4)rot￿o$
Fle
Kf7 5LW
Vrgin ￿eY
5 Falkland Ga
Genrothes
Fle
KIU7 SMS

HEART OF FIFE PARISH CHURCH OF SCOTLAND
GLENROTHES LESLIE MARKINC
8 THORNTOII
TRUSTEES. ANNUAL RIPORT
FOR THE VEAR ENDED 33 0ECEK4BER 2024
TRUSTEes
The followng trustees were rrembets of itre Kirk sesS￿n of the Hean ol Fife Parsh Chuteh of Scotland frun the
ale of unx)n on 1 July 2024 and ￿manOj so LV to 31 D￿efflber 2024. Prior to ¢he un￿n they had sened as
Iwsiets olone ol the legacy congregation
In addthn, th• loll¢)wng solved 86 twsta05 of the legaLy eth1￿￿90￿0￿$ 10 30106124 as indicated..
Christ's Kirf( Par￿h Chwch olscoyai
Inlerim V£*Jerator
Markinth and Thomion PJ-.sh C.-￿r{h ol S.:oll#n,-
110 14 January 20241.
St C￿t￿nl*.S Pari
10 0*041241
hurGh of ScoUanJ'.
110 031041241,
lar
arel's Parish Ciurch ol
to 31109241.
Sl Ninian's PaThsh Chu-ch ol Scotla1￿..
'.I'. L?r 'ron i i'JJi24
Truste
11 yeArl.
2year81 ard
2 years).

HEART OF FIFE PARISH CHURCH OF
COT
GLENROTHES LESLIE MARKINCH & THORNTO
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEklBER 2024
Twslee's ResponsI￿.1111eS in Felatk)n to the FIfta￿d Statemenis
Tho ch8rity truslc08 aro rcsponsible for prwarin9 8 twsb38s' ann￿1 roport 8ndffinaThial 8t0*￿#19 in a￿•[cranCe
wilh applir2ble law and United Knadorn A￿￿￿&"ng SlaThlard& (United Ki￿￿0M Ganorally Accèpted Accojnling
Praclicel.
The law applut* to tharit￿S in Scouand wuires ihe charity tr￿s￿eS io preparo financial s￿lemen1s each
y¥81 which $how a tru& and fair of .h¢ $t8te* of offairs ol lthe th3rity of the irKorning resource5 and
App￿e3110n of rÈsoLWtÉs. ol thè tharity ftr that perit)d. In prèpanr¥J th* finwcial statements, the tnjstees are
reqvired lo..
Sèlect suitable attounting pol￿1&$ afid thèn apply them o)rsisiènly.'
Observe the method and prinopl& in the ¥pplutr40 Charities SORP;
Make judgements ar*J eslKnates that a￿ I￿SOnab￿ and pr￿den1'.
Slatè whether applicab￿ accaU￿n9 Slandards and stalemeTrts of recommend&J prackn"c8 have beèn
followed, subif¢i lo any d13cJosed ￿ explainett in ihe finanoal slaietrEnts,
Prepare Ihe finan￿31 slalements on the going corttrn basis unless it 6 inappropriate 10 prayJrY* that I
chanty will conbnue n operalMJnal exist￿Ce.
The ¢rusteès are respon5ibk for keeping propef accountiwwJ ￿cL￿d5 which d15ckn5e wllh reasonable accuracy ai
any lime the financial position of Ihc Charityar￿ to er.8bk thcrn toenjure that Lie financial *atements crrnpy with
the Chariiies and Trustee Investmènt IS¢oOandl Aet 2005 and the Charib"8s ACco￿ts (Scollandl Regulatons 2006
las aMen￿dI. They are also respx)nsible Icr 5afeaua.'dirAJ the asset5 Dfthe cha"ityand hence for taking reasonable
Steps for the prevention aTrJ ￿tect￿n af fraud 8r¥J clher irragulantiès.
The trustee5 are re5ponsble foi the maifjten8nce and integrity of the chavity end finan081 infomwlion on the
tongregatx)n'5 website. L￿ls￿lI0n in the Lnited Kingdcth ￿arn￿9 IhèprÈparai#Jn 3nddi55eminaticn offirancial
statements may differ from legisla11￿ in olher j￿r￿dictI(￿s.
Approved by Ihe TrUSt￿S ano slgngj the1r￿￿

HEART OF FIFE PARL8H CHURCH SCOTLAND
GLENROTHES LESLIE WKINCH & THORWCN
INDEPEliDENT EYAMIN&RE REPORT-O THE TRUSTEES
AR ENDEO 31 DECEMBER2024
I repoil on the accojnts of Ihg chafty for yew ended 31 Oec6mber2024 ykniGh are setoul on pag85 910 23
RESPECTIVE RE8PON81BLmE8 OF TrIE TRusfEE8 AND EXAMINER
¢haritVs trLLStees are reSp￿S1￿1e for wepariThJ the finarKial ststeff*nts in accordan￿ wilh Ihe tem)s ol the
Charit*s and Trust8e In￿SIment (scoll￿dI Ad 2LK15 and Ihe Charitss Ac￿lI1t9 Iscouandl Regulatsors 2006
las amendeoi.
The Charity IAssle•s ton$idw th#t the avdil requirement of r8wlati>n 10I1Xal to Icl of t￿ Charities Accounts
regulations does not aQ￿v. 11 is ry r8swnsibi&ty to examin.e whether ihè a(xx)unls as required un￿r sedion
4411 Ilcl ol the Act and lo st81e whethe", parb"cular matters have to my artention.
BASIS OF INDEPENDENT EXAMINER'S STATEP4ENT
My examnabon 15 carried ￿J1 ln accordarte vKlh ReouFalDn 11 of Ihe Chariik>% A(rniJnlq Igeoiiandl Ragulat￿n4
2006. An exarninabon indu4Jes a rèwew )f Ihe actounLin9 recc*ds kept by he charity and a compari50n ol Ihe
acwunts presented wdh those iecords. It also indvde5 congderatK)n of any unLssual rterns or disck)surè5 in the
accounts, arKI 3eeks explanations Irom U)- trus￿05 Gonwning any such matters. The pf￿￿[￿re$ undertaken (Jo
noi provi¢J• all th• £vad8nce that would bo rewiréd irn an audic and Cor￿qLIen11Y I do not expr8SS 8n sudit )pinton
on the view given by the accounts.
INDEPENDENT EXAMINER'S STATEMENT
In the coursé of my oxamnabon, no malt¥ ha$ com¢ to ry attontiort
1. wh'ch gNes me re8sonaNe cause tr) telieve tha in any rr0￿81 respect the requiremenls..
lallo keep accounting records in accordance with *ction 4411llal of the 2005 Ad and
RegulaiioTr 4 of the 2006 AccountsRegulaiions (as amenoeoi. and
Ibl lo prepai0 2ccountE whKh a¢cor¢Y wim tho A<wunbng r￿ordS and comply wth RegulatiDn 8 rA Ue 2006
AC￿Unts Regulatio￿ la5 amended) have not baen rnet. or
2. to whtrth. in my opinon. allanbtin should be olrawn in o￿art0 a proper Und&rt8￿j1ry ol ihe
accoL4n15 k) be reached.
charl￿..&￿
CunniTrgham Grant
Unit G6
The Granary Business Centrè
Cupar
File
KY15 5YQ
Dale Ib
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HEART ￿ FIFE PARISH CH
(F SCO
GLENROTHES LESLIE MhRbaNCH & THORNTON
BALANCE SHEET
FOR THE YEAR ENDED 31 0
CEMB-R2
24
Total
F￿d$
2024
Prior
Year
2023
FIXED ASSETS
Tangble assèts
Investhien15
14.510
383.419
7.983
6.578
397.929
.561
CURRENT ASSETS
Oeblors
Bank and cash
112]
24,079
173,512
16.742
157,595
TOTAL
URRENT ASSETS
197.5S1
214.337
RftE￿f LIABILITIES
Cred*ors l*ling thje within ono
51.oe3
25.859
NET CURRENT ASSErs
146.508
138.478
544,437
583.039
THE FUNDS OFT
CHARITY..
Efidowment funds
ResInct￿ incom8 funds
Unreslricte¢ income
83,348
355,749
10&340
76,425
320.822
185.792
1161
TAL CHARITY FUNDS
544.437
583.039
The accountswe approved by Ihe Kir< Ses$on on
For and on bthalf ol the K￿k Se￿1
15106174
10

RT OF FIFE PARSSH CHURCH OF SCOTLAND
GLENR
IE MARKINCH & THORNTON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
111 ACCOVNTING POLICIES
7he principal aco)uniing potig"es, which have been appl￿ ￿nsi￿enty in the oJrTenland preceding year in dealing
wilh iterns which are considered material to Ihe accounts. ale Sel out tslow.
BASIS OF PREPARATION
Thefinancial slalements have been prèpared in accordancewilhAccounliThJ and RepM)rtsng by charit￿$. Slatemeni
ol Recommended Practi￿ appluble its charities preparing Iheir accounts in accordance wilh the Financial
Reportin9 Standards applicable in the UK and Republic of Ireland IFRS 1021 leffethive 1 January 20191 and the
Financial Reportsng siani5ards appliuble In the UK and RepublK ol I￿ra￿l IFRS1021. the Chartbes and Trustee5
Inve5tmeni IScotlan<Jl Aci 2005 and Ihe Charit85 Accounts [s￿tI?n￿j Regulation5 2006 las amen¢edl.
The financial slalements are presented in slerting whtch is Ihe fundi(mal currency ol thè charity and are rounded
to the nearesi £1.
The Chanty conslittsles a Publ￿ benefit 8nbty as defined by FRS 102.
Merger accounling has been applied lo hlathinch & Thomiofi, Christ ￿"th. Sl Columba's, St Margarets. St Ninian's
and Trintty Le￿ie Parish Churche5 of Scot￿nd which ￿re United inio Heart of Fife Parish Church ol Scotland
(Glènrolhes. Le51ie, malk1￿ch & Thomlonl IforTh*tty called St Ninian s Parish Church of Scotland before dale of
UnK)nl. Th8 basis of union of Ihe5e Cong￿93b0ns was approved by Ihe offi￿ of Scollish Charity Regulator
IOSCRI and the Church orS￿lIand with an effective Un￿￿ date of 1 Juty 2024. The merger melhod of accounting
has been appl￿￿ 10 th8se financial statements a5 5fthe etsii1*5 had aKYays been cotnbined. The accouniing ptslici8S
of all eniilies were previously aligned and consequenity there has been no need lo modify any existin9 accounting
policie5 in Consolidating Ihe Uniled cKwwailL￿, olhw than reslaiing from receip15 and payments basis as
appropriatt
GOING CONCERN
The Trustees consider thai the￿ arè no material Un￿rtainl*S aboiAI the ability of thè charity lo COnbn￿ lor the
foreseeable futu￿. and therefo￿ has adopied the 9OU)g concern basis in preparing Ihese finanrial statements.
The Trustees have conside￿d a period 0112 rn￿thS from the date ofapprovèl of the financial slatemonts.
FUNO ACCOUNTING
Unrestricled fu￿15 a￿ avalable for use 81 the discrtlionolth& TN5tees in lurtherancè tsf Iheirchar¢lable objeclwes.
Unrestricted funds in¢lu¢Jed designaied funds Whe￿ Ihe Twstees, at Ihetr disc￿￿on. have ￿ated a lunrj for a
specific purKx)5e.
Rèslricled funds are subject lo Spear￿ r￿dItIOnS by donor¥ as lo how Ihey may be used. Furiher &xplanation of
the natu￿ and purposè of each lund is included in the rnte5 to the finanoal statements.
Endowmeni funds a￿ funds %vhieh have been given on (xjndibon that the Original capital Sym Is noi ￿dUC0d,
bu¢ the incorne Ihare trom Is used lor Ihe purpose defined in accordancè wilh the Obj￿1$ ol Ihg charity.
INCOMING RESOURCES
Income 15 recognised in the acctsunls when Ihe ¢hai*ty 15 le9alty enliued to Ihe lunds. any performan￿ conrjitions
have been rnèi. the amounts can be measured reliably. and il is probable Ihat income will be ￿¢81ved.
Cash donatKJns a￿ ￿e0gniSed on receipt. Other donalions a￿ we￿nised On￿ the eh8rity has been notified of
the donation. unless perfom)ance condit￿nS require deferral of the amount. IncA)me recoverable in relati￿ to
donations received undèr GIllAid or deeds of covenant is recognised at Ihe ￿rne ol Ihè donalon.
Revenue grants are credited to tho income and expenditure attounl in the Peri￿ 10 ihey rdale.
Capital granis are recognised In Ihe Stsiement of Finawal Activities when Ihey are re￿1¥able. For reslrithed
capilal grants. funds will be reduced over the uselul ecor￿mie lile ol the asset in lin• with ils d¢p￿￿at￿Yn.
li

HEART OF FIFE PARISH CHURCH OF SCOTLAND
GLENROTHES L
RKINCH & TH
NTON
NOTES TO THE FINANCIAL STATEMENTS
R THE YEAR EIYDED 31 DE
EM8ER
24
111 ACCOUNTING POLICIES
DONATED SERVICES AND FACILITIES
Lk)naied prof8S5ional seNices and donated facilities are recognised as income when Ihe charity has control over
the item. any condit￿nS associated with Ihe donaled ilem have been rnet, the receipt oleconomic benefit from use
by the charity of Ihe ilem is probable and that the econ%Jnle benefit can be measured ￿lIablY. In accor¢Yance with
the Chaftlies SORP IFRS 1021 the general volunleer ts[r￿ ofcon9regat¥)n rnefftbe￿ is rkol recognjsed.
On receipi. don8ied professional services and ¢Jonated faolits'es afe recogn15ed on the basis of the value of ihe gift
lo the charity which is Ihe amounl Ihe chariiy wouk1 have been willlng to pay to obtain services or facilities of
equwaleni economic benefit on the open ma￿et. a coffe5pondin9 amount is then reccqnÉsed as expendilure in the
penod of rec&pt.
EXPENDITURE
Expendiiure. includin9 grants in the fom of support and gifts to indmduals and charilable
inslitulions. 15 accounted for on an accruals b3Si5 and has been dassifie<J under headings that aggregate all costs
relaied 10 th8 category.
Expenditure includes any VATwhi¢h cannoi be fulty ￿¢￿Ve￿. and k% rowrted as pan of Ihe expenditure to which
it relates.
Charitsble expendi¢u￿ o)mprfjses th058 costs irKurred by the charity in the ddivery ol its activities ancl seNices for
ils beneficiar￿$. It indude5 both c051s that can be alkncated dire¢Uy to S[￿h aciivits8s and Ihose wsts of an indirect
nalure necessary to support them.
Governance cosis indude thosè incurred in Ihe go¥eman￿ of thè charity and its assels and are primarily
associated with constitut￿nal and slatulory reqU1￿ments.
TANG18LE FIXED ASSETS
The tharity has the nght to occupy and use for ils charitable objects certain tangible fixed assets. including tho
Church. ha115 and manse. Vesled in thè Church of S¢oUand Gèneral Tmstees. No consideration 15 payable for Ihe
use of Ihese assets. Expendilure Irturred on The ￿pair and maintenance of ihese assets is charge(1 as resources
expended in the stalemenl ol Iinanci313clivites in the ￿nC￿l in whKh the liability anses.
Tangible fixed assets are slated at cost less accumulated dep￿UatiOn arKI a(Lumulaled impairrnent losses. Cost
I￿lu{jeS costs direcuy allribulable to fflaking the assel Capab￿ of operabng as intended.
Dep￿cIall0n ha5 been prOV￿e￿ on all langible fixed a55e15 al rates ¢abJlated to wfite off Ihe cost. lèss estimated
sidual value, of each asset on a systemab"¢ basis ovèr its expected useful Ille as follows..
Fixtures. fitting5 and office equipmenl
5 years Straighl line
INVESTMENTS
Fixed assei inveslrnents are stated at market value ai Ihe balance sheet da*. Unrealised 9ains and 105se$
represeni the difference barween Ihe market value at Ihe beg¢nning and end of the financial yeaf or, rf purchased
in the year, the difference be￿een cosl and market value at the end of Ihe year. Realised gains and losses
represent the differenc8 between the pwc8eds on disposal and Ihe markel value al Ihe stsrt of Ihe year or cosl if
purchased in the year.
CASH AND CASH EQUIVALENrs
Cash and cash eouivalents are basic financial Trnstrumeft15 which indude cash in hand. ¢eposils held al call wilh
banks. oth8r S￿rt-teM1 liquid investments with original maturrties of th￿ months or less. and bank ovefdrafts.
12

HEA
T OF FIFE PARISH CHURCH OF SCOTLAND
GLENROTHES LESLIE MARKINCH
TrIORNTON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DEC
MBER 2024
111 ACCOUNTING POLICIES
OEBTORS
Tradg and other deblor5 are rewnised at the settlement amount due aiierany discount offereil. Prapayments a
value(l al Ihe arN)unt p￿paid net of any discounts due.
CREOITORS
Creditots are nornally rewnised at Iheir seiuement arnovnl afteralbmng for any trdde dK£counts due.
TAXATION
The charity is exempt from lax on its Charitable activities.
CRITICAL ACCOUNTING ESTIMATES ANO JUDGEMENTS
In the applthb.on of the accounling polic*s. the trustees are required to rnake judgements, estimatès and
assurnptions about the carrying arnounts olassets and lia￿'ll￿e$ Ihal are not readily apparent from other sources.
The estirnates and associaied assumptions are based on hisloncal experience and other fa¢lors that are
conSide￿d lo be relevant. Actual re5ulls may 4Jrffer from these eslimates.
The estimates and underlying assumptions are revÉewed on an ongoiry basis. Revisions to aco)unbn9 estimates
are re¢ognised in the period In which th8 estimate is ￿Vised where the fev6K)n affect5 Only that period. or in the
period ol Ihe ￿visiOn 8nd fubJre perN)ds where ihe rewsion aflects both CU￿￿1 and future period5.
13

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[￿￿￿￿[￿01L0￿LlO0_

HEART OF FIFE PARISH CHURCH OF SCOTLAND
GLENROTHES LESLIE PAARKINCH & THORNTON
NOTES TO THE FINANCIAL STATEAIENTS
R THE YEAR ENDED 31 DECEMBER 2024
2024
2)23
18] STAFF COSTS
$818ri8s and wages
Social Securiry (x>sts
Pe[k8￿n costs
54.433
s¢,￿2
372
251
54.805
55.213
The average nurnb¢r of emploY￿S (Junngthe year was as follows:
Flusie staff
Premlses
AdMIn￿[ration
Youth workers
14
0eiai15 01 looJm ￿$t5 are gwen in
No employee h&1 t￿efitS in excess 01£￿.(￿K)I2￿l3- 0).
All Church of Stvllaml crm9re9alions cortribjleto the ￿lO￿al Stipmd Fund vkniGh bear5 tv* co8t of all
In151er5' s1ipetKJs and employ&s Gonlribution3 lor nalion811nsufance. pen5Jon and hou•n9 108n fund.
Min)sters' stipends are paid in awKd8nc¢ kne nobonal stipend ¥¢ale. which is related to years of 5eThice.
For the year under review the minirnurn S'ipe￿ was £31,643 ar¥J the ma**mJm sliperKI lfft the Sth and
subS￿u￿t yoarsl £38.884.
191 TRUSTEE REKKJNER4TION AND RELATED PARTY TRANsAcT￿Ns
Diiring Ihe year the follo￿7n9 exwtses were paid (y) tEh-11 ol sr.inisters-
- 12,73612023- £3.2591.
4.27412023- £5.3881.
12023 - £3.9121.
During the year the followng salariès wep paid 10 i)&nbers of ihe Kirt Session-
roanist £- 12023- £4.￿8).￿r￿nlst £6.18212023- £5,395).
£10.751 12023 £9.0921.
No Irusiee or person rdaled to a trustee had any pwsma irterest in any ¢ontr* or transaLttion enter&J
into by the charily during the year.
During the year a total of£52,19512023- £72.2661 was th)nated to thé COn￿￿9a110n by trustees.
16

RT
F FIFE PARISH CHURCH OF SCOTLAND
GLENRofHES LESLIE MARKIN
TH
RNT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1101 TANGIBLE FIXED ASSETS
2024
2023
Al 31 December 2023
38.017
28,322
Additions
10.943
9,695
At 31 December 2024
48,960
38.017
De
reciation
At 31 December 2023
30.034
27.032
Charge lor the year
4.416
3.002
Al 31 December 2024
34.450
30,034
Al 31 D￿rnber 2024
14.510
7,983
Al 31 Decernber 2023
7,983
1.290
1111 INVESTMENrs
Markei value
Al 31 December 2023
386.578
360,064
Additions
Withdrawals
Unrealis&J gain5 on inv¢5tments
4,637
{27.0461
23.887
21,877
Al 31 December 2024
383.419
386.578
Investments ai tost
296,477
323.523
Investments comprise-
Church of Scotland inveslors Trust- Income FuThJ
Church of Scotland inveslors Tru5t- Growth Fund
Church of Scotlan*J Invesiofs Trusl- Oeposit FunLI
17

HEART OF FIFE PARISH CHURCH OF SCOTLAND
GLENROTHES LESLIE ￿A￿KINCH & THORNTON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
1121 DEBTORS
Gift Aid lax ￿fUnd due
Other debiors
Prepaymenl
8.498
1.489
14.092
12.066
4.676
24.079
16,742
1131 CREDITORS- amounts duo wthin one year
Accruals
Oihv cr&Jitors- Giving to Grow
12.921
38.162
7.949
17.910
51.083
25.859
Gwal C*signaleLI
Reslricled
Endowment
Total
1141 ANALYSIS OF NET ASSETS
Tangible assets
Investments
Currenl a5sels
Cufren¢ liabilili8S
14.510
26.452
38.070
151.0831
14.510
383.419
197.591
151,0831
10.208
67.183
264.385
91.364
82.374
9T4
s at 31 Oecwnber 2024
27,949
77.391
355,749
83,348
544.437
Tangiblè assets
Investments
Current assets
Current liabililies
7,983
32.216
63.578
25.8591
7,983
386.578
214.337
125,8591
9.328
98.546
269,535
51,287
75,499
926
As at 31 D￿nbel 2023
77.918
107.874
320.622
76,425
583.039
1151 vOLu￿EERs
In tommon with 311 congregations of Ihe Church ol Sco113nd Ihe Congr￿allOn benefils from Ihe
ntnbution made by volunteers who give th￿r time and talents willingly lor the benefit of the Church.
The areas of congregational lif8 which rdy on the ¢on¢nbtstion of volunteers are many and varied and
rnuch of th8 acuvity would be unable to Conlin￿ %4£￿ il not for the commiiment sh)wn.
18

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C OOOOOQOCbOI

HEART OF FIFE PARISH CHURCH OF SC
TL4ND
GLENROTHE
LESLIE MARKINCH & THORNTON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE Y
R ENDED 31 DECEMBER 2024
2024
2023
117] COLLECTIONS FOR THIRD PARTIES
Christian Aid
Tear Ftsnd
Blylhswood Care
Gi115an Rose Nurses
Glenrothes Foodbank
DEC Earthquake appeal
Church of Scollarvj Syria appeal
Earf Haig Fund
Children's Hospi￿ across S(oiland
711
48
85
120
1.006
41
178
220
1.102
138
35
146
3.046
21

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HEART OF FIFE PARISH CHURCH OF SCOTLAND
GLENROTHES LESLIE MARKlhtCH & THORNTON
APPENDIX- FUNDS HELD BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES FOR THE
BENEFIT OF THE CONGREGATION
FOR THE YEAR ENDED 31 DECEMB
2024
2023
consolidat￿ Fabric FuThJ
Capital account
Credit balances held al 31 2024 at cosl
246.207
246,207
Markèt valuo ol balanc•5 at 31 D￿ember 2024
285.893
283,957
Revenue aeeounl
Credit balatKe at 31 December 2024
25.115
16,465
Temporary account
Credil balance al 31 L)ecember 2024
115,374
14011
lrndividual Fund
Whose purpose is to augmenl the Stspend OF Leslie Trir¥ty
Expendablo
cr￿11 balan￿5 at 31 0￿ber 2024 at o)sl
1.841
1.675
Market value of balances at 31 Oecember 2024
1.841
1,675
Pemianent endowmÈnt
Crwjit balance5 at 31 December 2024 al (xjst
1.494
1,494
Market value of balances at 31 Oecember 2024
1.494
1,494
24