HEART OF FIFE PARISH CHURCH OF SCOTLAND IGLENROTHES. LESUE. MARKINCH & THORNTON} SCOTTISH CHARITY REGISTERED NUMBER CONGREGATION REFERENCE NUMBER SC002472 2414 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER2 CUNNINGHAM GRA CHARTERED ACCOUNTANTS HEART OF FIFE PARISH CHURCH OF SCOTLAND (GLENROTHES. LESUE. MARKINCH & THORNTON) Pa Report ofiho Trtssteas Independent Examnerfs Rar*Jt Staternènt of Finanual ActY¥itie8 ststemont of Financ4al P￿rtIOn Notes to the Financial Slat•m8nts 10-20 AppèTraix 21 CUNNINGHAM GRANT CHARTERED ACCOUNTANTS HURT OF FIFE PARISH CHURCH OF SCOTLAND (GLENROTHES, LESLIE, MARKINCH & THORNTON) TRUSTEES, ANNUAL REPORT R THE YEAR END MBE The Trustees pra￿￿t their annual report finar￿al ststèmèrtts of the charity for Ihe yew end8d 31 Decern￿r 202S. Tho ￿n8￿141 Slalwnents hav? been prepared in xcordance wth the attountirrfJ poliries set out in the notes to the eLcounts and cornpty wrth the General Ass•mbty Rtgulations for CorvJregational Financ•, th• Chariti95 and Trustee In¥85tmenl (Sc0Ua￿ Act 2Q)S. th? Charrties Accounts {Scx)Iland) Règulation8 20C6 las amended) ond Ac(>Junting and Repofbng by Chath"es." Statement of R•c•mmènded prai￿(* applicable to thariliès prèparing Ihoir •c¢ounls in accordan￿ with the Financrdl Repofbng Standard app1K•￿ in the UK and Republ￿ of Ireland publish￿ on 1 January 2019. STRUCTURE. GOVERNANCE AND IMNAGEMENT The ¢￿gregatiOn is a registered charity, number SCCQ472. ¥nd 18 *Jministered in accudarth with ￿ tomi¥ of thè De•d of Consblutbjn {Unitsry Fonn) is subj'ect to the Acts and RegLdalrons ofth? General Assen￿lY ofthe ChLYch of Scolland. Memters of th¢ ￿rk Se$s￿n arts ￿ charity trustees. The lQrk Ses%on m•mbèrs are the Eklers ofthe Church and are chosen from those members of th• Church 9)r￿Ide[ed to have approwiatè gFfts and 8kélL5. The Ministers. who are mernbeTS of the ￿Tk Session, are dected by thè tongregatrjn and induded by Presbyt•ry. The Sossior7 which mgl gx thrnes durir*J Ihe ygar. is responsibl6 lor all affairs wilhin the Churth under the unitary constitution. The Kirk SessK)n s￿r￿1 groups Spec1￿ ￿sponSibl11ts•S.' Mission 1r2 (focusing on the firs1 two Marks of Mi6SKJn), MissiC￿ 314ffj (fo￿$￿19 on Mawk5 Of Mr6&0n 3. 4 and 51. Fabric. Fina￿ and Commurucak+ns. Int8grath)n of the oJngr8gatK*n and Se6sion f￿￿￿￿n9 th• union in 2024 continu96. The Elders who are responwble for the spiritual aflalrs within tM Church are supwjrted by in these gr￿p$ by ¢tromed members ofthe congiegation who are belkwed to have the skilh and commIn￿rtt0 contrilxrte to the manag&m&nt affairs of ihe Churth but are not trustees. The Congregati￿ has been a*)cat8d a team ministry of three Ministers of Word and Sacramènt. Wth Rev David Smith rètiring in 2024 and Rev Dr Conor Fegan transferring to Edinburgh.. ￿ Town Churth on 22 J￿￿ary 2025, we ar8 ojrrentty in vacancy and a ntsnwnatino C£*mmittee c￿ntinUeS to Wofk to fill t￿se vacaraes. Rev Ewan Ritchie worked wrfh us pa￿tiMe as assoaate mimter from 6 J￿￿ary to 31 August 2025 and R￿ Dr Sarah Whitde its1r￿d UÉ aè a Ic￿M on 1 November 2025. Thtr ministy leam ￿ wjpported try a bjlktime Pastoral Assi*anl. a p•rt4imtr Chiktren and Families Wotr*er. and part-time Missb)n Ctrordinator. Som¢ members of the o)ngregation, many of *t*om havo completed the Frfe Presbytery Weaving ￿tr$hiP ctyjtse. also part￿[p￿te in ltrading worship. OWECTIVES AND ACTivmES Th8 ChL*¢h of S¢otsrKJ is Trii￿1?11an in okb*ine. Refonn&J in tradition a￿1 Presbytèr* in polity. 11 exists to glorty God and to WO￿ for the advancement of ch￿￿$ Kir¥dom throLyhoLrt As a national Churth. il ackno%￿adg0s a dlstin¢ttvg ¢aH and duty to thg or(linances of rel￿ts)n to the peoplè in èvèry park*h of Scouand through a terrilorial ministy. tt ciwerates wrilh Oth￿ C￿r¢he$ in various t￿M￿lC￿ ti￿leS in Scolland and b&yond. Tha KSrk S*Mion h•$ a¢b)p￿ tho Marks of Mi8sb)n aB its piimary ob￿ct￿O. To prodaim the Gc￿￿ News ofthe King&)m To teach, bapti8e and nurture new believers To respoTrJ lo human need by kjwng ser¥Ke To seek to transform Lmlust structurns of bj challBfyg vioknce of wory knnd purs￿ poa and reconcilk?bon To stsivè to safeguth th8 integnty of ueation and sustain and renew the of th8 èarth To help in fO￿$S1r￿a the a(aNib•s of th• corvjr0ga￿Tr, two group5 wgwp fprrr*d. The 1r2 Group lo￿860£ on t first ts¥o marks of mi¥won, the Y415 Gr￿p foryJ68eB ￿ Ihe TemainirvJ three ￿rkS ol m*ion S8rvic4s of Worship are hekl every SLFNlay rnomiry at 10:30 a.m. SuThJay wotshlp was hèld in 8¥ church building from January until September on a siX-Week￿ rotation. enablir¥J the various legacy congregat'ons to come together in felhjwshlp. Al their mggting in September. Ihe Kirk Session deuded to ty having two Sunday morning services, this time on a three-weekty rr>tation to gr4e tho t￿rogatIon arbOth¢r thoicg of W￿hIP venue. Afternoon and evening Serv￿ are also held in Iho variou5 thurth bUl￿dir￿s. During the warnier months ol the year, an ouldcor afternoon 8er¥bce was held on the first Sunday of each month. JunKJr Church 1$ avalable for childrèn of primary sthod age. Worship lakes pl* mnthly in rare homes and 8th001 chaplaincy offered in lo￿1 schocAs. HEART OF FIFE PARISH CHURCH OF SCOTLAND {GLENROTHES. LESUE. MARKINCH & THORNTON) TRUSTEES. ANNUAL REPORT FOR TH YEAR ENDED MBER OBJECTVIE8 AND ACTMTIES (¢onLI Adbvi1*8 durirwj th• week. th•t bomfft tho pariBti ¢¢#nmurity. ￿￿￿d•.. the Guild, Wo)me In, Good compaThor￿, ￿zheIM?￿S Group, Messy Church. Monday Club. Youlh ¢￿b$. frtnes¥ and martial arts dasses. Guide Dog Puppy Training. T¢¥m Jak. C(wnpassionate Friends, Express Gr￿p, Crossroads, Gingerbreod. Slimming groups, thoirs. NHS baby immunisation. Tiger Clubs and Guid&s. erownios and Rainbows. The Little Fishes and Wild W¢ans Baby and Tc#Jdlo( G￿Up$ ar• rLm by the church In the St Ctslumba's and St Margaret's buiklings resp•ctively. Sorne of th• premk8*s are ￿$0 used for Local Counul R•sidonts rneetings and as # Polling Stakn'on w￿n fwuir•d. Our congregatKJn Bctively part￿Apat￿ •cu)*nicalky in Gl•nrothes ChurdL•S To￿therand s•éks tow0￿with olhaf denunlnatlon8 where POSBtiA•. ACHIEVEMENTS AND PERFORMANCE Heart of Fif• Parish Churth (Glenrothes. L•sliè, Markinch & Thornton) ra a Unl￿ ol si¥ I￿￿1 thurthes Joined too&lh8r on 1 July 2024. Th￿e thurchas were Glenrolh•$.. Chrisf s lQrk Chur¢h of Sc4Jtland. Gbnrothes.. St Columba's Parish Churth of Scottand. G￿nrOthe8.. St Margaf•Vs Parish Church ol Scotland. Glènroth86.' Sl Ninl4n'8 P8rtsh Church of ScGlland, L8sli8.' Trinity Parish Cl￿rch of Sc¥Jlland, and Markinch and Thomton Parknh Church ol Scotland. ThraUgh￿jt 2025 intsgrnb.on of the conortyatK>n and KI￿ Sg88ion eonb.nued to improvo. Th• Sunday mcmlno ar• broodcast Mve on v•rk*u8 Mattorm8 for fflembors unable to att•nd. Th• numhr att¢ndlng wor8hlp rd approximat•ly 175. Hollday dub6 W•f• run at M•rkinch and in tho St Maryar8fs buikling. Weèkly warm sp8c8s worè providod in ol our bulldingi and • fr•• Chritha8 Day lunch wa8 prQ4*j￿ to about 40 people from •round th8 pariBh. On R•m•mbr•nce Sund8y. th8 Act of Rwn•mtyraru WA8 hold in two ol th• L*urth bJiklth)o$ during the momlng Service, &8 wdl Bs 8th1Kes at the M•fflorial Gardens in Gl¢firoth•s and War M•morials in Leslie. Marklnch and Thomton. During the KJ)trJl I￿lidays. Frfe Councll uwj two of the Churc*'8 prnmraes to (I8tthJt• free pathed lunch•s to lamillos In n••d. In partntrshlp wlih G￿￿rOthe$ Rotary w• rnlsed • tthal 01 £3.143 towards Ihtr purc*1￿ of mosquitts Ml$ for our parlner church In chU￿Chos•mS, Malawi. This w4$ matth-frJnded by Ihe Rotary 80 that in tot31 £6,561 wo6 6ent to Mglaw. In addition. w• donat•d £1.440 10 th• Ghnmtho8 Outr¢•¢h Work•f which ffl4￿ lurmled by th• Scryture Unlon. FIWICIAL REVIEW Our pdrdpal Murcm of in(w* •f• from weekty off•riNJ$. Glft tax ￿l￿nds. thurth organlsotion activitltsl •nd hall l•18. Wo h8¥0 noticed a d•cf•#8• In offeringB 8irtt lh• union. The m•iority of m8mb8rs who paid by standlrlg order had tts tr•n8f•r thair off8rirrfJs from on• of th• legacy thurth•s' 8£counl lo the Heart of Fif• account. and $omtt h•v• chosen not to. Somè m•mters a￿ att?n(tino ¢hureh less often as ieNie•i were not bw'ng ￿ld in'thal church every w••k. Som8 m•mb•rs have do¢i<1od lo ltsa¥• tho thurch anogÈth•r. For ¢18rflkatlon, CorvJregational Organlsallon incom•l•xpaTh1iture covers incorn•l*xp•nditure from Ihe rn8trfcted Youth In41iatP4es, Spwsorod Chikl, Wam Wek4Th. and Guik16 Funds. •Tha the desvJnated F￿r, Youth, Mission and Outr6ach, and G￿d CoM￿n￿)￿ F￿d5. Th• SlatsM￿t of F￿a￿la1 Adivnl8s •hows a defthil for th• yè•r of f25.91112024- £38,802). Total fund8 at the yew-ty)d ww• £518,52812024- £544.43n. HEART OF FIFE PARISH CHURCH OF SCOTLAND IGLENROThES. LESLIE. MARKINCH & THORNTON) TRUSTEES, ANNUAL REPORT R THE YEAR ENDED 1 DECEMBER RISK MANAGEAIENT Tho Tn￿te8S consider tr* k4kn¥*1g to b• th• main rtsks fxiry the We ar• curr¢nlty in ¥0¢4w for t4VO of Word and Sacramant and tsJnwu8ntty thero Is a rnducod ministry rosourc•. The increased in lo&ng members due to th• d•ff4raphu of our conwegation couhj ad¥eTsety affKt our viability ¥$ • ¢oNJrogation and ow inccyno strnam. The srle and age of our buihjffigs mèan that thern is a risk that a larye r•palr may bo required, for exampl• lh¥ ropk¢¢m¢nl ola boibeT. wl¥ch would impact on our ab116ty lo wornhip in the affeL#ed praml8w or off•T our hdls for communrty and hirn. The incro88¢d re9ukntory framv￿rtt in a rar￿ of aro8$ frc*n Chi￿j pr￿t￿tIc￿ and data prot8¢tion to health and safety and ampltym•nt plac85 • bb3 w￿r￿1b11￿ on ¥olunts•rn. Th•rè is ¥ risk that we ar• unabl• to Ilnd volunte8r8 wtth Ihe skills and Compet8t￿ to cary out th88e tasks. Th• tharty Tel￿& on a Small cL)r• ofYolLmteets to carry out a number of key tasks sNJt u$ 41 wl8k Bhould th•y be un8bl¢ io Ihem oul for any rea¥on. The cost-of-livin9 crisis is a ¢>)nc•m both in t•rnw of Inc￿￿8 and •xpandrtur• •speclalty on co8t of uUlilo8. Th• TW$t￿l ￿ taking lh• 8tep8 to th￿8 risks.. A ¥a￿ncy committee has b88n form8d to s••k for candwjatoo tojoln our mlnl$ty 1•8m. New loms olwor¥hip and activity to encourage a broadef •9• profilp have been intrL•Juced such •• montlty M8GSy Church And Church In the Wood6 once a month duriw Ihè summ•r momhs. Outside exp8rti8e 18 8￿ght %th•n r•auirnd to wpport ui in adherirvJ to Statutory MqLw•m•nts. Th•re Is 4180 re9ular part8m ol pfowrty iuTheys arraryod by Pfesbyt•ry. F6f• Pr•W•ry i• looklng to •upporl churth•• In f8bri¢ mJlt•r¥ and to reduce Ihe ￿nIOn plac8d on vdunte8r•. There Is a requirom•nt to ￿sU￿• Ihat there are r*)'8ing$8 points of f￿lUrn, •nd th•t more than one parson l• *ble and wlh'ng to cary cyjt t￿0 k•y iask$. W• wiu gnsuie that dowmentatthi IÉ in Pl￿ lo r•¢ord what tho various rol•$ •nl•l. The Se88lon dotarmin¢d to r•vleM nYMion•l Tequirnm8nt hr of tyjr b[￿Id￿vI dumg 2028. RESERVES POLICY cthafty Iw$l••s h•v• Iho le9￿[•d and ha¥• tsk•n Into aca¥Jnt thdr curT•nt and fulur• Ilabilili•$. 11 16 th• Tru$ie?B' policy lo hokj re8erv•s of approxim*t•ty 34 monlh8' expenditure induding d•$ignat•d fvnds. Al the year end the Church hekj unrestl￿ted furd$ ol £87.$91 12024- £105,340) of vthl¢h £15,816 (2024- £21,725) hJ8 b￿n designaled for fabn'c. T￿ Church al￿ held £362.103 12024 . £355,748) In r•strid•d fundB wh6o) hove b••n sxovld•d lor the pUl￿Se8 8peufied in N(ts 16. GOING CONCERN T￿ ¢harty trustee• reLognS8• that wilh th• 8ubstsntial d*it WKI f¥Niry congrogalion numb•r• r￿Ulting in redudk*n In Incorne. steps need lo be tAkon to •nsur• we r•m•in 8 going c4)n(•m. Th•s• M)thda.' Iho n••d for al ow ¢hurth builthngl wilh a viffl¥ to rOd￿0ftg our ov01h￿dI Reduung the number of paid employ••s wrth church offir¢r 4rKI c•retak•r roles takon on by ¥olunts•rn Ongoing t¢￿801￿￿at￿ Ofe¥penditU￿ on le￿Phone linos and pnnth.ng Workhg to ira8￿¢ our h•1 hiffj whrf&t keepirwJ ratss •ffordabl8 u6•rn Standardising our weddir4J lett across all oui buildings A stewardship raM￿￿an to encouf•Je generosty amrvJ mom￿r5. indudmig WL¥ndion al SI￿dIng ord•TS for fegular giving and r8gistratb)n for Grfl in 21)28 xploring wen￿8 lor external fvnding I￿￿K11n9 and 84oking Oxtem￿ giants for sporAfi proiects PrOmO￿.0n of C46hbac* Ihrough aasy fuThJrai&ng Drawing down resources Irryn the Consolidated Fabric Fund and Investm￿18 ￿¢r• appropriate Taking advantage ol the L￿ted Places of l*Vorship Grant schèmè to recknirn VAT on fabric expendlturn In 3 listed buadings HEART OF FIFE PARISH CHURCH OF SCOTLAND IGLENROTHES, LESUE. MARKINCH & THORNTON) TRUSTEES, ANNUAL REPORT FOR THEYEAR NDED 31 DECEMBER 2025 REFERENCE AND ADMINISTRATIVE INFORMATION HARITY NAME Heart of F6fe Parish Ctwrcth ofscoll￿ (GlÈnrothes. Loslie. Marknn¢h gnd Thomton) CHARI￿ REGISTRATIOM NUMBER SC002472 CONGREGATION REGISTRATION NUMBER 2414WI CONTACT ADDRESS St Columba's Builrfr The Chjrch Office Rothes Road G￿n10th¢S Fife KY618N PRINCIPAL OFFICÉ BEARERS MiThst•rn'. Rev DT Ct)nor F•gan1to 21 J4nu*ry 20251 Rèv Al￿ Kimmitt S•$•￿￿ Cknrks.. Mrn Cwol Gib•on110 5 F•bruary 20251 All•on Olh•r {from 5 F•bn•ry 20251 Church Tr•A8urnr'. Mrn Dorothy Wo INDEPENDENT EXAMINER Barry Grant Ch4rtered A￿untant Cunnu)gham Granl Unit G6 Th• Grnnary Bu•ineM C•ntr• Cupar Fif• KY15 8ANKER8 Royal Bank of Scolland 3 Fthlkland Gate Glenrothes Fil• KY7 SNS Bank of Scoll•nd 9 FaI￿￿d Gat• Glenfolhes Fife KY7 5LW Virgln Money 5 Falkland G•t• Glenroth•• Frfe KY7 SNS HEART OF FIFE PARISH CHURCH OF SCOTLAND {GLENROTHES, LESUE. MARKINCH & THORNTON) TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 1 DECEIABER TRUSTEES The fdl(Ming tnJ8tee8 were m&mbors ofth• Kirk S•ssb)n of the Heart of Fife Parish Chwch of S¢otland from 1 January 2025 Mr8 Ann Adam 00 20111ru, Mrs J￿0t *Alwn6on. Mrs Wlma Andèrson, Ma Ruth A￿jern￿, Mr Jthn Baker (to 10106r251, Mrs Loma Bakw1311071251, Mr Robert Batl(Aw, Mr ￿ltraM Biaik. Mrs Ros? Bowrie, Mr John 8um8, Mr8 Agnes Butler, Mrs Mithele Cafbory. Mf ChrisiN8. Mr lan Chri8tie. Mr6 Jean Christie, Mrs Moir) Chri¥ti?, Mr5 Mary Cothrane. Miss Margaret C0fvI￿ Ilo 04111r251. IAr HLb3h Connell, Mr ETh6t Conner Ito 22103r251, Mr Anthony Cromb. Mrs Margaret Cromie. Mrs MargarBt DalJleish {to 17112r251. Mr Ralph Dean. Mr6 0￿en Dean. Mrs Myra D•as {to 03109r251, Mrs Dor￿ Dewar. Miss Sandra EkJ•r, Mrs Sh•Aa Fi16011, Mr Gilbert Fort>es (to 08107r251. Mr8 Pal Fcths (to 081071251, Mrx Shelagh Ford. Mrs Jean Forrester (to 3110Bf251. Mrs Chri$tin8 Frawr, Mrs Carol GibBon. Mr lan Gordon, Margar•t Gor(h)n, Mrs Gitte Gordon, Mr Bryan Gould. Mr8 Sheena Grant (to 17112r251, Mr M8rtm Green, MIJ NKola Hall. Mr Paul HamlN¢)n. Mr5 Val Har18y, Mr6 Teresa Hendwson. Mr Craig Higgins, Mr8 Fiona Hogins (10 04111rds1. Mrs ￿￿￿1 Hlwins, Mr Jam￿ Houm. Mr Jim Imwiu, IArn EhzBbgth John$lon. Mr• Lauf•n Mr¥ Pomela Kay, Mr David Kerr, Mr8 Beth KSeb, Mrs Margaret Kwi)mltt, Mx Iono ￿n￿nItt. Alan Kknmllt. Mrs Karln Llddk* (to 301111251, Mr Brian Lumsden, Mr¥ Shona Lumsden (to 12111r251. Mr P￿1 Massi•, Mrs Fiona Massie, MIM Mar4yn Maul•, Molra M¢Ewon, Mr Sluart McGtywan llo 21102QSI, Mrs J•nth McNaught. Mr6 Betty Menzies, Mr Gordon Miclwe, Mr Jim Millor (to 05111r251. Mrs Margaret Mill8r Ilo 05111r251, Mr8 DA1￿ Mtt¢h¢ll, MI￿ Leah Moir. Mi lan Morgan. Mrn Monison, Mrs A9￿1 Munro. Mr8 Aison Nonnand, Mr8 AJi8on Olivof. Mr Ewan Oliv•r, Mr Ronabj Pa90. Mrs Wlrna Pa9e. Mr8 knnda Patarson. Mary Patsy, Mrn Mary Potb'grew. MrB Naima Po*My, Mf R•dpJth. Mrs Carole Redpath {to 031091251, Mrs Catriona R•Klpath. MrB Eliubeth RO￿a, Mrs NKola Ross. Mr Lir¥Js•y Roy, Mr8 Arteno Russ•ll, Mlss Marianne Sankoy. Mr S•nk•y, Mrn M•rgor•i S￿koY, Mi JIM Shand, MT8 May Sh•w, Mr JOIM Snlki, Mrs Hilary Thomas, Mrn Ire￿ Ure, Mr lan Watt (to 031111251. Mr K•nnelh IN1k￿, Mr John Wood (to 23111r251. Mr Alan Wooll•y, Mr8 Dorothy Wwl*. Tha follovlng TWIt•￿ •r• ¢wr•Mty on l￿b•1**I ID•v•.' Mr8 Ro80 B¢y*i•, Mr Gordon Mlthl•, •rKI Mrn Mary Pat•y. HEART OF FIFE PARISH CHURCH OF SCOTLAND IGLENROTHES. LESLIE, MARKINCH & THORNTON) TRUSTEES, ANNUAL REPORT R THEYEAR ENDED 31 DECEMBER TRUSTEE'8 RESPONS181UTies IN RELAT1014 TO THE FINANCIAL STATEMEt4TS Th8 charity trust￿ ar8 r￿pon￿bkn for p￿p￿ing • trustees, annual repc*l 8nd statemgnts in accord￿¢• wrth applicable law and Vnilad Kwi•loffl Acu*unting Standwds (unit￿ K¥y￿rn G•n•ralty Accept￿ Accounting Practical. Th• la•4 applical)1o to chafiti•s in ScolaF*J r•(WI￿ ihe thority trustees to PTeparo finatKa&l 8tatemgnt¥ for year vthith show a true and fair view ol the stato ¢1 affairs of the ￿rty and of the irKoming resources an¢1 •ppli¢olon ol rosourc￿ of I￿ chaity for that p8Md. In preparing those ffin￿(la1 6tstwn•nts. the truste08 ar• r•qUi￿d to.. S•l•ct suilabl• accounting pol￿ aThd Apply thern conw$t•nty.' Obserye th• mèlhod and priThipkns of the applicable Chantiès SORP: Make judgèmonts and 08timatès that are reaBOnab￿ pr￿jen1' Statewheth8r ap￿ICabl& ￿c(￿n￿r￿j 6tandardÈ and stalements ofret£>mmended pra(aic8 hjve b8•n folk)wod, s￿10Ct to any d•partur•• discbJ88d and frxplwned in ffi￿rtdal italemenlB'. and Proparo tho finandal Statornenls on thè golrvJ c4)ncem basis unltss il is inappropri•t• lo wéwme that th• ¢harty wlll cOn1n￿ in op•r#lion￿ •x¢itence. Th• tru$t•es are rosponsibie lor keeping adequate JgX*unts'no recorth Ihat ar¢ $uffiu•nt to show and explain the chanty's transactions And dl8th16 wrth raasonabl• aC￿raCY al any tim• the ffina￿al poiibon of th• charity and to •nabk* th•m to ensur& thal the financial slat8ment8 compty with tha Charibes and Trusta• Invasiment Iscotlèndl Act 2005 and the CharitlO8 A¢ts2unts Iscotlandl R•oulations la6 am•ThJ•d}. They are also responsible for 8afeguardirvJ the 48S•ts ol th• charty and h•ru lor takn'ng reason•bkn $tsps for th• We¥￿tKITh And d8t8ction of frthud t41¢J olher The tru$le8s ar• ro8p)n8lbl8 for the malntèn&r￿ and integrlty of th¢ ¢hadty and financial Infr>mation on the congr•go1ion'$ w•bsit•. Legislation in th• Unil8d Kj'nwlorn g0vem1￿d lh• pr8paration and di$iemln&tson of finandal 8tal•rnont8 m•y diff•r from l•gi8latior* in Ot￿rIyA$a1¢¥oft￿. Approved by tha Trul1￿8 •ThJ 8lgMd on tholr b•hoff. i•on OIN?r S••8lon Chrk Dal•'. HEART OF FIFE PARISH CHURCH OF SCOTLAND IGLENROTHES. LESUE, MARKINCH & THORNTON) INDEPENOENT EXAMINER'S REPORT TO THE TRUSTEES R THE YEAR ENDED 1 DECEMBER 2025 I report on the accounts ofthe dHrTty lor tr* ytsr 31 December 202S wlith ar• 491 out in the Stat•m8nt of Flnanual Actwth"•s, Stslemenl of Balarbces and Notes to Ihe Acc¥yJnts. R&8PECTIVE RESPONSIBILMES OF TRUSTEES AND EXAMINER The charity's InLstses are r9sF4ynd￿0 for prewNJ thè ary￿1ts in ￿)￿ar#? the tèm* ofthe Charlt*s and Trustee Invostment (Scotlandl Ad 2CKJ5 and thé Charthes A(￿nIS ISKollandl R8guJation$ 2C￿ {as amended). The dHnty tntstees consid8r that the aLbdit rgquirement of Regulation 10(1) lal to {c} of the Ar£oL￿ts Ragulabons do$s not appty. 11 is my reswJnsit41ty to examim th¢ x¢tyJnts as wuwed sa(lion 44111 (cl of the Act and to stal• W￿lhar particular rnatters have coma to my attontion. BASIS OF INDEPENDENT EXAIAINER'S STATEMENT My examinalkjn Is earwJ otrt in •>>)rtsrKe wth Reg￿tion 11 of the Chprthtrs Acctyjnts (scotlar￿ Regulatho 2006 1¥$ 8men(Jedl. An examination I￿￿leS a rnvièw of the ￿0)unti￿a records kepl by Ihe charity and a comparison of the accoLtnts prètsntèd those records. tt also irdudes cvnsiderat*)n of any unusual items or disdosur•$ In the arxounts. and seeks expfanations from the Irustees C￿)C&m1n9 any matters. Th proc8duies undèrtak$n do ncl prcvKle all ev•JerKe that would bg requir&J in ￿ aLk4iL ¢M8equentty I do not express an audit owr4on LN) Ihe vi•w giv•n by th8 a¢￿ints. INDEPENDENT EXAMINER'S STATEMEP In t￿ cours• of my •X*nlnati￿. no matter has coTh to my attgnlw)n 1. which gi￿5 m• ￿a$OnatIe cause to believ• Ihat in any malerial res￿ the to keep accounliThJ rerard8 in accordan￿ with secb.on 44111 la) of the 2005 Act and R•gulat*)n 4 of th9 20(fj AccLJunts Rogulations las arn8ndgdl. and to prepa￿ *o)unt8 whth accord wth the ￿l￿nI1￿a r&)ytls orwj compty ￿th ROg￿ti0Th 8 of th8 2(KJe Accl￿nIS Re9￿ationS la6 arn￿d) havo not been met. or 2. to which. in my opi)lon, att¢nlKJn shoukl ￿ drawn in O￿ar kn enable a proper undeT81anditvJ of thtr arLts￿ to be reached. Barry Gr•nl Chartered Accout*nt Cunningham Grant Unit G6 Thè Granary B￿lnesS Centre Cupar Fife Y15 5Ya Date= r-- Tr- O TOFFIFE PAR SH THES BALANCE SHEET RTH Total Funds 2026 Prkr Year 2024 FIX Tangibl• a81•ts Investm￿ts 32,819 412.967 14.610 383.419 445.786 397.829 RR NTA D•blor Bank and cash 112] 11,395 70,796 24,079 173,512 82,191 197.591 Cr•ditorn falllw du• on• y••r 9,451 51,083 72,740 146,508 518,528 544,437 Endowmont fijndi Re8tslcled income funds Unrn8tricted irKomo fur 116] 88.832 382.103 87.S91 83,348 355,749 105,340 118] OTAL CFL4R 518.528 544,437 The accounts w•1• approved by the ￿Ik se￿lOn on Iz I(￿17￿1￿ Foi and on behall of th• Kirk S•ub)n Al￿tin Olvnr SeSS￿n Clerk f¥lw O Dtyothy Wool* L&Jb Trnasurw EART OF FE PARIS CHOFS ThES LES E MARKI THOR NOTES TO THE FINANCIAL STATEMENTS FOR THEY R ENDED 1DE EMBER 2 111 ACCOUNTING POLICIES Th• prfndpal a￿O￿n11n9 polk￿86. have been opplitid CAY￿1$tenty the ¢xrrent w¥ceding yearin d&allng wtth item¥ which are ci)n￿der4d materid to th• accounts. arg $8t out bohyw. BASIS OF PREPARATION Th• financial statem•nts have been PTepAr•d ￿ a(Lordanc4wrth Accounting and Reporting by Chanties.. Statgrn•nt of R8C4)mmend8d Pwtke appbcthè to Charit￿ ￿paring their a¢￿Unts in accord•nce vrtth the FinoncAal Reporting Standa￿s applirablo m the UK and Republic of Ireland {FRS 1021 leffediv8 1 January 20191 and ihe Flnandal Reporting Stsndards applicab18 in the UK and R•public ol Irekqnd IFRS1021. the Charitiès and Truste¢s I￿eStment (Scollandl Act 2005 and the Charites Actsjunts (Scollandl Raguktions 20Cfj las amendedl. The financ4818tstements ar• P￿￿ted in •tèrling whth is tlw ftMKaicf￿l of lh• chffj and rounded to th8 noare8t £1. The tharlty con8tit&rteB • pubk ￿n0ft ￿tity •s d•fiMd by FRS 102. GOING CONCERN Thg Trust￿1 consider Ihol th•r• are no mai•rial uKertainties alx*ul th• ability of tho ¢harty to confjnu• for th• for•s8•able fijture. and t￿refOre •doptsd the going ts)n￿M basis in pr¢paring Ihese finanDal statements. Th• Trustees h•v• ¢on$ld•red • period of 12 month from tM date of approval of th• 8tst•m•nt8. FUNDACCOUNTING Unreitrkt•d fund8 are av•ll•bltsfor atthe disty•th)n oftm Tn￿100$ In fvrth•ranc•ofth•ir th#rhabl• objects'¥￿. unrollr￿t•d fvnds irdud•d d••Kdnat•d W*th•f• th• Tn*t•es. •t trwir th"K¥•llon, h•¥• ¢rnat•d 8 fund f¢y 8pothe purpo88. R•8trkted funds are 8ubl•¢t lo ipecific c(x)dit*)n• by ¢*>norn ￿ lo Ihey ba u8¢d. Further eyplon•lon ol the nalure purF¥M• of oach ftmd Is Induded In Iho rot•8 to t￿ fflnancial st#t•m8nt•. EThlowmant lund8 ar¢ lynd$ %thich have ￿trn oiv•n on the condition that the orisinal caprial Gum ¢B not r•du¢ad. but the wKcffie Ih•r4 u￿d Sjr Iht PUfP08e doffin￿ ui a¢o)rdance wth the objects of the chanty. INCOMING RESOURCES Incom• Is r8cA)gnlMd i) •¢c¢unts th• ¢hwlty 18 legalty entilled to ts funds. any rArfom)onca condltlon8 hav• b••n m•t, th• amotsntl can bo m￿￿•<1 r•Nabty. aThJ h is prob•tl• that Incom• wiu bo ro￿l¥ed. Ca8h donati)n8 •re rethgius•d on receipl. Othér th)n8t¢on$ •re roo>JnMd once the charity hai b88n notffjeé ol thè donation, ￿1088 perfo￿￿(4 condrtKJns requir• dèlorral ol ltte amount. Ir￿arn• tax recovernbl? in rèlatlon to (kniations received und•r Gfft or deed8 01￿0n9n1 Is r•tr)gr4$e(l at th• tlm8 oftho don•tiw. Revenue grgnt$ •r• ¢redlted to Ihe Incom• and oxpenditure •o*unl in the Pefh)d to Ih•y rdate. Caplt•l grwrts ￿ WOgni••d In th8 Staternnl of Flnandal Aclivitso$ wh•n they are rowv•bb•. For restricted (*pitsl gran18, funds ww thry r•du(*d o¥•r tm useful econom* Irf• of the asset in I￿ deprecAation. DONATEO SERVICES AND FACIL ￿lEs Donated professional seNi(x8 #nd dor*aled rocognised as vthon the d￿rity has ￿trol ￿•1 thè item, any condilKsns assocrdted with Ihè donated itom have been m•t, th• receipl of economic benefit from use by th• charity of the item 18 pffjbablo and thal the ￿n0m￿ benofft can be mea5ur8d rn￿8bty. In accorunt the tharity would havè been willirrtJ to pay to obtain sèrvices or facilitiOS of equivalent economie on tho open market., 4 eorr•spMdirvJ amount is then recognis•d as expendituM in the sjariod of r•c•ipt. io HEART OF FIFE PARISH CHURCH OF SCOTLANO S LESLIE MARKINCH & THORNT NOTES TO THE FINANc￿L STATEMENTS FOR THE Y&4R ENDED 31 DECEMBER 202S 11IACCOUNTING POUCIES EXPENDITURE Expèndllum. prnnts in Ihe Icrfrn of support ONJ fv to individuaL8 and L*8rrtatAo insbtutKJns. is ￿CoUnted IN on an accn￿lS basis has béèn dauifitd under hea(liws Ihat aggregat• all costs r•lat8d to th• ¢4tsgory. Exponditur• indudo¥ any VATwhlch cannot ￿ fijty rec￿81￿d. and li r•ptytsd oftho •xpondNur• to whlch it re￿te$. Charit#bl• •xpènditure cornpii885 Ihow costs incurred ty ihe charity In t￿ dalivery of 1¢$ adivilies and swvlcos lor Il¥ benefic4arie$. It in¢lude$ b)th ¢0s18 th91 ¢on bo •1&￿ted diredty to Buch aclNthes and Iho$e ¢osts of an indirect naluro neces8wy lo support tMm. Gov•manc• eosts Indu￿ th05• wJrred in the wvemanc• ol th• char*y aTh1 Its a$86ts and 4r• primarfty associatgd with ¢onslitulvJwl ¥1*lulory reqLMrewl8. TANGIBLE FIXED ASSETS charity has the rfght lo orxupy and for ¢*arilabl8 obl￿ts cortain tarvJlbl8 fc4•d aB$ots. Indudlng tho Church, h￿13 and manm, Vested in th• Church of Scouand G•ner41 Truilee•. No considerntKJn is payabl• for th• us? of IhgBe aBsels. Expendilure incurred on th8 repair Mainl•nan￿ of the￿ a$￿t$ 13 cth•rg&J a8 resour￿8 •xp•nd•d In t￿ •tat•mant of thaw*i•l Klviib•• ￿ the pwi¢xl in whth th• lability •rlws. TAngibl• fvx•d ••Jeli ar¢ al le￿ accwnulated doprnualion and ￿£￿)￿101•d Imp*im*nl Cost Includ•8 costs dlr*L#ty 8ttrlbLrtabl• to making Ihè assèt c•p•ble of operating •8 inlondod. DePr•C￿li0￿ ha• been provided on ￿1 tarvJibla fixod asmts at rate5 ￿￿)lated to write off th• co•t, l••• ••lkn•t•d rn•lduo1 ol •ach ?ss•t on o By8l•mat￿ b86is over rt• •xpxlad umlul Irf• a8 fe4￿.. Flxiur•s. fftlirwJ8 and offlc• •q￿￿￿OnI 5 y•arB 8tralght lin• INVESTMENTS Flx•d ass￿ Irwethnts •r• •tal•d •1 m•rknl at th• b•1•￿ date. unT￿ll￿d galn• and lo8￿3 r•pre8ent the differ•nce befvleen th• mathet V8luL• at thè beginNng end of th¢ fm•n(aal yoar or, rf puichisad In th• y•ar, lh• dtff•rnnc* b•w•n C￿*1 •nd m*ket value at th of the yoar. R￿lts•d •nd IoBBeo r¢pre8ent the difference tetrmen th• pnK••ds on disposal and thè Mo￿*1 •t th¢ $t•rt of the year or cost If purchaJ•d in th? yo#r. CASH ANO CASH EQUIVALENTS Ca8h and ea8h aquiv#f•nts •r* b••i¢ firwKid 1ntslrurnr￿ wthich iKlud• ￿•h in hnd. d•poslts h￿d •t ￿11 with banks, oth•r shorf.torm liquld Im•8tm•nts tMlh orvjinal m•turfti08 olthf*e m01rt￿ or I￿$, and bank overdrafts. li HEART FE PARI CHURCH THES 4RKINCH & THOR NOTES TO THE FINANCIAL STATEMENTS R THE YEAR ENDED 31 DECEMBER 2025 [11 ACCOUNTING POLICIES DEBTORS Trad• and other debtors ¥rn rOcogn￿ed al th• sethment amount dLta afterany dks¢wnt offergj. Prepaymgnts are ¥al￿d at the amount wepaid net ol any discoLfftts du*. CREDITORS Crnditorn ar• ￿Mis1￿ rowini•¢d 81 thdr s•tUom•ni #m(￿nt after allwirwJ for trade di8counl$ du•. TAXATION The ch*rlty Is •x•mpl froffl tax cffj ts ¢haritable aclr4th1. CRITICAL ACCOUNTING ESTIMATES ANO JUDGEMENTS In the application of the ac4>)untirwJ polleAe8. Ihe trptstees arè rwulred to mako judGèm•nts, eslmal•$ and a88umption• obout th ¢arying 8mounl• ol•¥••ts aTh1 fla￿.1*1189 that not rnadity apparent frorn oth8r 8ourc•i. The ￿￿￿￿1?• and ¥16oelat•d assumk*ions ar• on hi•tr)rh* •xp•rl•nce and othtsr f•(lors that •re ¢on¥ld•r•d to b• rn18vant. ActrJ•l may drfhr from thwi 18￿mIl•s. Th• estimot88 urKler￿.TrJ a••umptson8 ar• roviewed on an ongoiryJ basil. Rovi$v)ns to 4ets)unbng estimatès rwnl••d Sn th8 perfgJ In which Ihe osOmat• li rnVi￿ wh•rn the revis￿n •ff•ds only thal period. or In Ih• period of tho r•vi$ion fulurn porw)d8 th• r•vision affeth l>oth ￿vraftt and fthure pBriod•. 12 t7JO r £igi8: (o ￿ ts? 000 oon* P) 82ag 81 HEARTOF F PARISH HUR NR TH Ni4RKINCH & THORNTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2024 181 STAFF COSTS Salaries and wage$ SocAal Sacurty costs Pen$wJn co$t$ 39.874 54.433 873 372 40,547 54,805 The average number of emF1￿•S th• y￿r was as fthltr4F.' Mu8lc 8tAff Premise$ Adminlstr*tion Youth workars D•t¥lls ol lo¢um ¢o$ts ar• ￿Ven kn nof• ￿] No •M￿¢y￿ h•d b•n•fts 01£80,(KKI (2024 0). All Church of Scotland Congrogallo￿ contribut• to Nallonal Sllp￿d Fund b•or4 the colt of all mlnl$l•rs' 8llp•ndi and •mloye¢i contritsrtions for nat￿nI1 knsuranut. pension ond hou$ing lown ftmd. Mlnl$t•rn' •tlp•nd$ are paid in accordance *ilh the n•t￿nal stipend 8cal8, whi¢h li r•l•led lo yearn of wvlce. For Ihe year under review Iho mlnimwn stlp•nd wa8 £32.433 and m•xlmum ￿l￿Ond {In the 5th •r S￿)$•qu•￿1 ye•rnl £39,856. 181 TrUSTEE REMUNERATION AND RELATEO PARfi TPANSACTIONS D￿n9 tho yoar tha I￿r0¥￿r￿j •yyn8•8 **rè p*d on b¢h*ff of mini$terB- Rov. Dr. C Fegan- £NII12024- £2,736), Rov. A Klmrymtt £4.349 {2024- £4.2741. Rev. D Sffdth £NII 12024- £8141, Rev. E Rttchiè £480 t2024- £Nil). During th• y•ai th• follo￿A￿ wem paid to membern of th? Kirk Ses$￿￿- A Nom)8nd organist £5,81012024. £6,1821, M Bamott ￿r¥l•k￿r £2.31012024. £10,351). No trust•• or person reLql•d lo a tw$1￿ h>J any p•r6onal Trnterosl in any contract or transactlon •nt•red into by th¢ ch¥rty durirvJ th¢ year. During the a total of £45.992 {2024- £52.1951 was donated to c4JngrtyatK*n by trn818ea. 15 SH CHURCH sco GLENROTHE NCH THO NOTES TO THE FINANCNL STATEMENTS THE YEA 1DEC 2025 110} TANGIBLE FIXED ASs￿s 2025 2024 At 310Éc8mber 2W24 38,017 A¢lditions 27.968 10.943 At 31 Decomber 2025 76,928 48,980 Dé At 31 December 2024 34.450 Charge lof th• year 9,659 4,416 At 31 D•c•mt*r 2025 44,109 34,450 Book Val At 31 Decemb•r 2025 32.819 14.510 At 31 December 2024 14,510 7.983 [111 INVESTMENTS IAarket value At 31 Da¢¢mb•r 2024 383,419 386.578 Additions Withdraw￿¥ Unrealised g•ins on inv8stments {27.0461 23.887 24,095 At 31 December 2025 412,967 363.419 Inv6slrnents at cost 263,853 258,400 Invastmnts comprise- Church of Scolland in¥&stors Tw$t- Income Funtl Church of So)Uand investors Twst- Gro¥Ah Fund Church of ScoU?nd Inv&stors TNst- Dewit FLM 16 RT OF FIFE PARISH CHURCH OF SCO GLENR H&TH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 1121 DEBTORS Gfft Ald tsx r•lund du• Other debtors Propaym•nt 8.076 2,768 551 8,498 1,489 14,092 11,395 24,079 1131 CREDITORS- amounts du• on• y• 9.408 12.921 38,162 Other ueditorn- Gfving to Grc Othor cr•ditors- 3rd Party Donalion 9.451 51,083 Genw•l De$￿ana1•d R•8trlra•d Endowm￿1 Tol 1141 ANALYSIS OF NET ASSETS T¥nglbl• •66811 Inv•$lments Curronl a$sot$ Curr•nt liablliti 32,819 28,497 (48,921) 19,4511 32,819 412,967 82,191 19,451) 284.775 77.328 88.887 53.839 A• at 31 Decomber 2￿25 64,647 362,103 88.832 518,528 Tangible a88eti InvesimentB Curroni 48Strts Currèni ￿*bilitI•l 14,510 26,452 38,070 (51,0831 14,510 383,419 197,591 (51.083) 10.208 67.183 284,385 91.364 82.374 974 AS at 31 December 2024 27.949 77.391 355.749 83.348 544,437 1151 VOLUNTEERS In coffffion vmh al ￿n￿rIg•{b)n8 olth• Chur¢h ol S¢oU4rttl th• cthgrngatlm b•noffts frThm I nt￿L￿tion made by ¥￿￿niS•[B who oiv8 Ihif lime and takrynts wlh.ngly for tho ben•fft of the Churth. Thg af•aS of ￿nor89allOnal lila vthich r8ty on the c4Jntributh)n of voluntoers aro many and vari8d and much ofthe actlwty ￿Uld be unable to conlinu? wore il r￿1 for the commitrnent shtyrfm. 17 * 10 r Irj i• {8* È&£gi&. 10 IN to Vi ¢D¢DO JO c 2 ¢0 v)(ya offjo J J ooo o 000 LL F- E%?EEEEEE. E &S&&&&" £Pt(55l *) c HEART PAR sc GL TrIES LESU RKINCH & RNTO NOTES TO THE FINANCIAL STATEMENTS EN EMBER 2 2025 2024 11n COLLECTIONS FOR THIRD PARTIES Christlan Aid Toar Fund BMhswood C8r• Gilhan R￿* Nurs•s Scot8 lQ'rk, Kandy Malawl Nets GI￿roth•• Foc*Jbank 711 61 85 120 180 3,143 io 3,510 20 FE PAR SH CHUR TLAND GLENROTHES LESLIE MARKINCH TH RNT APPENDIX- FUNDS HELD BY THE CHURCH OF SCOTLAND GENEIiAL TRUSTEES FOR THE BENEFIT OFTHE CONGREGATION FOR THE YEAR ENDED 31 DECEMBER 025 2025 2(r24 Conso idat•d Fabiic Fund Capital account Crndit IM1•n￿% h•kl at 31 D•cthmber 2tr25 at cost 762.388 248,207 Mark•t y￿U8 of bala￿1& at 31 D•comber 2025 808,101 285.893 R•v•nu• •Cr￿unt CTOdit balanc• at 31 D•¢•mb•f 202S 10.148 25.115 T•mpornry account IDebrt)ICr•dll ￿lane* at 31 o￿AMber 2025 (3.520) 115.374 Whoi• puw>8è h to augment the Stbwnd of L¢￿1* Trtnty Expanda￿? Cr•dll b4lw8 al 31 Decernber 2025 al ￿$1 1,841 M•rk•t v•lu• of balwKo8 •t 31 D•¢wnb•r 2025 1,841 P•rm•nvnl •ndry•M•nt Cr•dit balarK•s at 31 D¢¢•mb¢r 2025 at co 1.494 1,494 MJrk•l V￿￿0 of balarK•8 at 31 D￿mber 2025 1,494 1.494 21