Cumbrae, Fairlie and Largs Parish Church of Scotland Trustees, Report and Finaneial Statements For the year ended 31 Deeember 2024 Congregation No: 070437 Charity No: SC IMI2782 CumbT•e F•irlle L• Chureh ofscothnd Trnstets. Re ort Finaneial Staternents For the t*r eTJded 31 December 2024 Contents Pagc Tn￿tte5. Report Flnantlal Stst¢ty¢nts Inde￿ndent E¥ambner5' Rwrt S(aiemeni ofFinancial Aciii'iiies Balanc¢ Sheet Nthes io Éhe kinancial Siaiemenis 8- 17 Appcndi - Inc()me & Fxpendiiure AecounVBudgei 18 e and Lar ' h Cburch of tlan For the ear ended 31 December 2024 Th¢ Trustees present the annual report ard arcounts for c￿braC. Fairlic and iAr85 Parish Church for th¢ year ended 31 Decemkr 2024. The financial stateTrKTht5 have been prepar£d in a(tOEdance with tht accounting w)licies xi out in TK)te I to the accounts and comply wtih the G¢neral Assembly Regulations for CongT¢gatioNal Finance. th¢ Charitbes and Trltsiee Invesim¢nt IS¢otland) Act 2005. the Charities Accounts1Scotland) Regulation$ 2006 las amended) and A¢¢owJ¢ing and Reporting by Charities.. Statement of Recommended Prac¢ir¢ applirable to d)aritir5 Ptrparing their accounts in accordance wath IIE Financial Reporting Sthndard applicable in ihe UK and Republkc of IrelaTKI IFKSI 02) lefftctive l January 2019). Referellce Administntiwe Inform&ti Charily Nam¢= Charity Registration Number. Congregation Reference No.. C(￿￿¢1 Address.. Cumbrne. Fairlie and Lar8$ Parish Church of SC￿land SC (K12782 070437 Cu¥nbrd¥. FaiFlie and L4Tgs P￿sh Church of Scotlatyj Bath Street Lar8S KA30 8BL rustees (Kirk Se8$ionl ui3 sabb4tiL Principsl Office-bearers Minister.. Se55ion Clerk- Church Tr¢2sur¢r: Iliams IndepeThdemt Exsminer JRD LLP I I Portland Rtsthd Kilmarnock KAI 2BT B*ttk¢r5 Bank of ScodaThl 32 Main Strtti Largs KA30 8AD TTh5tees' AnNual Re ecernber 2024 ement The church 15 a registered charity, number Sc￿2782. and is adminisierrd in accordancr with the Deed of Constitution {Unilary Forml of the Church of Scotland daied 18 Febnwy 1009. Curnbrae. Fairlie and Largs Parish Chltrch is subject to the A¢ts and Regulation5 of the General Assembly of the Church of Seoiland. Members of the Kirk Sessi¢)n are the ¢￿rity t￿1¢¢$ are list￿ earli￿ in thi5 d0￿ment Tr Kirk Session Membe￿ are elders of the church and are chosen from those members of the church who are eonsid¢rd io have 8PPTopriale gifts and ski115. The ministers who are ￿MberS of the Kirk Stssion, are el¢¢t¢d by the congregation and inducted by PreSb￿lery. Durin8 2024, the Kirk Session m• four times, on¢¢ CumbTa¢. OTKe in Fairlse and tsvice in ￿8s. There are also nine Kirk Se55ion Committees chaired by converKTrr& inclLKlin8 crAnmittees on Cumbrne and in Fairlie. which meet ¢0 di5CUSS 155ue5 relating specifically to these locattons. Committees meet in the there is ￿ full KI￿ Se55ion meeiiIiL, al,.hoii ,h Ihc Finan¢e & Stewardship and Pro cth. Committccs rr,cct on a morc ."coular b&sis. Swion Clerk for the parish 15 with three Deputes, rwmel Objectiwe$ Church of Scotland is Trinitarian in diKtrine, Refomied in tr&4ition and Presbyteri3n in polity. It exisis to glorify God and to work for the advancemeni of Christ's Kingdom Ihroughoui the world. As a national Church. it acknowledges a disiinaive Call artd duty io bring the ordinance5 of reli8ion to the people of every parish of Seotland through a ieTriiorial ministry. It co-operates with other Churches in various e¢umeni¢al bodies in kotland and beyond. Act]￿ties. AthieverneDt5 Performxnce TIIL parish of CunibraL. Fairlic arjd Largs has two fiJll-lJm¢ Miniders of Word and Sacrarnent. the is ernploytd a5 paTt-ttrne Parish ASSI￿ant. a posilion funded IL.Lall) 41nLe January )d?4. SerTrices are conducied on a weekly basis in Fairlie 19.302m) Largs (I l.(K)wnl by One prexher, with the Cumbrae service (I I.OOaml ¢ondu¢ted by one of th¢ other two. Sunday 5ervice5 are livestreamed from all thr¢¢ lo¢&ions via Fac¢btx)k or on YouTube. There is also a shorter weekly service on a Thyr5day morning in fhe Mary Stewart (Thapel within Largs Parish Church. Th¢ Sacrament of the Lord'5 Supper is Celebrattd three lime5 a year in all Ihree locatio￿ ai a moming service on the last Sutsdays in January, April and (ktober, weather pemiittin& arbd a $lKbrt afiern(K>Tr Cornmunion i5 celebrdied in the Mary S*wori cha￿1, L.dr'.. On 30th June 2024 the final Sullddy service was cojxlucted in the Churth of S¢otlwJd. Larg5-. St Columba's Parish Churcli by thL DuiiTr¥ the xtvice the 5acrdrnenl of Baplism was celebrdled. d th The Communion Roll ai 31st December 2024, st(KKI ai 1222. During 2024. 87 n￿[￿be[S were remved from the roll Ihrough death, I by certificate of transferetKe. aThd 316 otherwise. Four were admilled bv Certificate of Transference. During the year Ihe Mi inisters conducted three Baptisms aThJ six Wcddings. Mthile 67 fu￿raIS were condu¢t¢d by the Clergy ieam. AlIlK)ugh it is far 10 say that are an a8in8 con8re8alion. we have a few younger Members and young fatnilie5 Wlthin the congregation attend regularly, and continue to look for ways to ¢n¢ournge more in this a8e group to become involv¢d in th¢ lif¢ and work of Cumbrae. Fairlie and largs Parish Chwch. We have a snxqll Crèche. Surtd8y F￿day, Junior Church aT¥J a number of teenagers who rn¢¢t as Fr¢¢way. Th¢5¢ young pwple participate in Sunday ¥￿)rship before leaving the sanduary 10 meei in peer groups while God's Familie5 is a thriving community. which meets once a month on a Satwday t￿MIng. This act of worshi cHters foT oun childr¢n. ￿coMpanIed bv their partnts OT grandparents. and offcrs a Bible story and a¢tiviii¢s. In April, the baptj5cd an infant member of the grow) during their timr ¢og¢th¢r. Mc55y Church has conlinued io meel on Cunibixe and iii F4ii"li¥ ivitli a good number of childien at¥J adult helper5. (Jjr Worship. Mi55ion and Discipleship ConuniLiee has iwo groups which 80 itlto local cate home5 ￿ lead sI￿rt xis of worship. All three thur¢h¢s are fOrt￿al¢ in havit)g enthu5ia5tic choirs, which lead th¢ singing during worship and sing anthems on a regular bass Every Church orBanisaiion is under the jurisdiaion of the Kirk Session of the Church and Cumbrae, Fairlie and Largs Parish Churth has a wide rdnge of church Organisati￿S. Mthich cater for all ag¢s. Some ¢v¢nts are weekly, somc fortnightly. some monthly and others happen legs frequently. Below #Te just so￿￿ of what is hapt£ning acros5 our parish: Boys, Brtgadc, Girls, BTigad¢, Plant to Plat¢ with Cumbrae Primary School, several Parent and Trmldler group& including Jolly Tot% Wann Wednesday, Intergenerational Tim¢, lh¢ Guild. Prayer rneeiingsfgroups, Bibl¢ s￿(ty groups. %)ciallmission events including concerts, tea and coffee after ¢hur¢h, the Soup and Bread event after church. church ￿rbeCu4 Craft Caf¢, H¢at & Hospitslity and the Kirk Cafe. Many of t￿$¢ ¢vents offer informal, ￿KIal ar￿ spiritual opportunitie5. Cumbrne Falrlle in s Pxrisb rtb olStotl* For the ear ended 31 Decem r 2024 Activities, Achiev¢ments And PerfonnHDt¢ continued Our halls a¢ross th¢ parish are used exlet)sively by other organisauons and help supp)rt the work of ihe ¢ommunity. There is regular fundraising a¢iiwiiy throughout the year foi church fw)ds through cotree nh)mingx concats and the annual Guildl¢hurclblBB fayreslfairs. The church also offers its sUPPOrt to Christian Aid through the Strawberry Tea and Lent Lunches: have a North Ayrshi￿ worl￿￿'S Aid collection point a￿j the congregation is also hu8ely supportive of the annual Blyihswcd Shoeknx Appea]. with lllmdreds of IK)xes being donated every year. Remembering the les5 fortunate in our cotnTnunity at Harvesl-time and during AdvenL nKmber5 of Junhor Church and the ongrrgat50n a¢ross ihe parish dO￿ted items to the lo¢al FI￿ Banks and offered gifts to Ix distributed ai Christmas. The Largs Food Bank continues to based in the Centcnary Lounge located in Largs Parish Church with a donalion point in Fairlie. while do￿110￿5 for the North Ayrthire Ardrossan Fo(xlbank continue ￿ be re¢eived at St Columba's. Several fellowship groups supporting those with addietions are ￿ld in the parish. The Church has o qLwi¢rly newsletter. produced by the Communications Committee and distributed in print and elecironically. FinAnci*l Review The Con￿egatIOnS of Cumbrae Fairlie and Largs Parish churches seek to maintsin and develop appropria* llexible. and sustainable fa¢ilities capable of supporting local mÈssÈon and ￿)rShIp. The principal souice of regular income is the weekly Freewill Offering supplemented by Gift Aid rtrlaims. Th¢ a¢¢ounts io December 2024 show total offerings. open plate. ￿ECklY Fretwill Offerings and regular Starvjing Ordcrs in the year of £213.719. Income Tax re¢overy throu8h Gift Aid brou8hi in a fi￿￿er £30.124 in the year. Rental of the hall accommodaiion wiihin ihe iotsl stsie of buildings gen¢￿ed £57,057 in 2024. Mthile the flai within the Si John's building along with the rentsl of the fomw rnanse house brought in £33.15l. The accounts have been prepared on an acc￿￿lS basis ar￿ the cash deficit for the year VdS £109,264. Inveslments increased in value during ihe year. held in a nuth of forn￿ arwj with various principals. from £942.124 to £1.009,130, an in¢rease of £67,005 that reduced the cash deficit from £109.264 to £42.258. This 15 unsustainable. Investment Policy Curnbrae. Fairlie and Largs Parish ChU￿h uses the Chur¢h of Scotland Investors Tnw io inveM ￿nds. Funds are distrib￿ed bet%veen the Growth Fund and Income Fund. The church also holds investmenis with Aviva. M&G Investmen15 and Lloyd5 Banking Group. Risk MAnagement The main risk facing our agirbg al￿ d¢¢r¢asing membrtship is a redurtion irt intome as well a5 leadeTship resource aod ability. This wryll impact the njnning of our church. and maintenance of our buildings. We Theed to manage our reserves carefvlly. The Kirk Session has retle¢￿d ag¢ing in a redu￿101[ thTOU8h retiren￿l from aciive duty. 5(NnoÈmes Sabbati￿1. in the number of active oifice Bearers ITh the ytar. from to 87 to 62 a$ 2025 began . Cumbrae. Fairlie and Largs Parish Church has risk managemem protocols in place covering health & safety. fire PTOtection and safeguarding. These are regularly updaied. Reserve5 Policy li is the Trustees. Policy to hold in Reserves sufficient monie5 to maintain all the church's buildings in a state of good repair. While there is uncertainty atouThI timing and values. some of the buildings will be sold. Development of one Selected church buildillg in Lar85 is. a5 thi5 rry￿rt 15 fillali5ed, expeaed to Use significant fund& Funds are invtsied as descri￿d Én the Policy and can be drawn down agairt%¢ the aims and objeciives of ihe various be￿$ts and legacies. Cvmbra Fatrlie **d PxrBh Trustees, A For the e4r eThled 31 Deeember 21n4 statement of Trnstees. R¢s￿￿81b111LfiL1 The trustees are responsible ftir prepry a trust¢¢S' ye￿A 8fMI ststeMe￿ts in accLYdanct witb applithle law and United The law app]icable lo ¢h8rAiies in Scotland re(￿7[& the trustees ￿ prepare fin￿la1 statements for eath financia] year which 82ve a true and falr view of the ststc of affairs of the and of the iti¢<*niD8 ffflQuT￿s aod appli¢&tion of reS0w￿ of the ch8rity forth* peTiO In prep￿Ing these financia] statem¢nts. lh¢ trust¢¢S are required to: - 5¢1¢ot Suitable X¢OUDting policie5 and them apply them c4)nsistentty" - observe ibe method and Principles in the Chariti¢s SORP 2019 (FRS 102)" . make judgemats aThl Lstimaies thai arc reLsotJable or . state whether applicable accounting stsnd2rds and s￿lements of recom￿ &Ya(ti¢e have I￿1 followed, subject to any departures disclosed and explained in the financial tsemetrts. and . pr¢p&re the financial $12tements ￿ the going ¢on¢ern unless it i8 inapprowi#te ty prn￿lle Umi the charity wtll continue in ¢)peration. The trnst¢es art respoJ]sibl¢ for keepi￿8 acwmtiDg records which disclo￿ with reasonabk ￿￿raCY at any tim¢ the fmw)cial >sition of the ¢lwity and to enabk them to ¢Th$U￿ the r￿cIal staMo)ts comply with th¢ and Investment (Scotland) Act 2005 and the Charitie> Accounts (ScotlaThd) Regulations 2￿6 (as amended). They aye also ￿spOnsIble ts safeguarding the a￿ts of th¢ clwty and hence foT trking ￿*sOnable • forthe PTeventi(m and detedion of fraud and oth¢r irregultrities. The Tntr$' Report Wds appToved by th Kirk Sessx)n sigoal on their beh]fon l June 2025 by. Cumbrne Fairlie h Ckllr h of Scotland Inde ¢nd¢nt Exgminer'5 Re rt to the Trustees of Cumbrse F8irlie L* Church of Stotland I report on ihe ac¢ounts of the charity for year a)ded 31 De¢ember 2024 which are Set out Ibn page5 6 to 17. Respe¢tiv¢ re5pon5ibilities oftntstees and examiner The charity'5 trustet5 art responsible for the prepaMi(xJ of the accounts in accordance with the iemts of the Charittes and TTusl¢¢ Inv¢stment (Scotland) Act 2005 and the Charities A¢cowits (ScotLind) Regulation5 2006 (as amended). The charity t￿Ste¢S Consid￿ that the audit requiremeni of Regulation 10(1 I la) to (¢) of th¢ Aocount5 RegulatiOfLS does thot apply. It is my resp)nsibility to examine accounts ￿ required undcr ￿(tion 44(1) {c) of th¢ Act and to 5tat¢ whether particular matters have come to my attent￿n. Basis of independent examiner's staternent My examinaiion is carried out in accordance with Rtgulaiion I l of the Chariiies ACco￿ts (Scoiland) Regulations 2006. An examinaiion includes a review of the accounting records kepi by the chariry and a comparison of the accounls presented wilh those records. It also includes consideration of any unusual itelns or dI￿10$￿r¢S in the accounts. and seeks explanations from the trustees concernirkg any Such mailers. The procedures undertaken do nol wovide all the evidence (hat would be required in an audit, and coll5equently I do noi express an audir opinion on the view given by the accounts. Independent exgminer'5 5tateJnent In the course of m) examination. no matteT has corne ￿ my attentio which gives me reasonable c￿lSe to F*lieve that in any material respect the requirements.. to keep actouniing tuords in accordance with Sedion 44(1) la) of ihe 2005 Act and Regulaiion 4 of the ?006 Accoiints R¢gulations. and • to prepare accounts which accord with the accountÉn8 records and comply ￿'Ith Regulation 8 of the ?006 Accounts Regulations have noi been rnd. or to ivhich, in mv opinion. attention should drawn in wder io enable a proper widersranding of ihe ac¢ounis tg be JRD LLP I I Portland Rogd Kilm#rnoek KAI 2BT 12 June 2025 &tsFtr4 e* CMmbT* F*ir]Kt P#risb Chur¢b of S¢o11•4d Balance At 31 De£ember 2024 Uprestricted Rtstrict¢d E4dowryeDt Funds Funds Funds 2024 2024 2024 Total FMnd8 Totsl 21123 Note Flxe41 Assets Tangible Fixed &ssds 8118 9118 451.593 451.593 275 12 1009,130 275212 1,460,n3 I J93,717 451,593 47,791 47,791 1.137.720 rTeDt Awts io 14.659 16.970 95.51KI 14,659 29,980 95.5 20,684 106,967 127258 Churth of Scotland InvestLYS Tnjst Bank and ¢ash Church (tr2anisatÈonJ 5.920 18 145,179 5.920 158.189 276.467 Credltors Falling due wiihin year 9.527 9,527 18,540 18,540 9.527 Net Currenl Assets 135,652 5.920 148,662 257.927 Net Assets 1273.372 54.881 281 132 1609385 1051,644 The fvnds ofthe charity: Unreslricted IDcome F•Dds G￿er&I fi￿d5 Designated eApilal fiuMJ 14 821,779 451593 1273.372 821,779 837.818 451.593 451.593 12733T2 1289.411 54,881 93.960 281,132 268.273 Restrtetsd In¢ornt Furtds Endowment Fund5 14 14 54,881 281.132 Tot*1 Chlrity hnds 281 132 1609385 1651644 The accounts were approv¢d by the Kirk Sessi￿) and signed on theFr behalf on l JuDe 2025 by. Cumbrge Fairlit ADd Lg Pgri*h of S¢otl*nd Notes forThin art of the financial 5tatemtDts For the ear ended 31 Decernber 2 untin The prirbcipal accounting policies. which have been applicd con5i5tently in the current and precedin8 year in dealin8 Wlth items which are considered material to ihe account& are set out below. The charliy has adopted the requirements of the Stsiemenl of Rccrxnnxnded PrdCtÉce.' Accounting and Reporting by Charities (issued January 2019). Basis of preparatio The accounts have been prepared in aecordance wth applicable accounting standards and urmler the historical cost conveniion. modified to refle¢¢ ihe inclusion of invesinKnts at market value. and in a¢cordan¢e with the Char¥ties and TN5tee Inv¢5tment (scotla￿J) Act 2005. The Charities Accounls (Scotland) Re8ulations 2006 las amended). Ihe Regulations aneni Congregaiional Finance approwed by the General Ass¢mbly of the ChuKh of S¢oilaThJ in 2007 and the stalen￿nI of Recommended Practice.. Accounting and Reporting by Charities (20191. gttountirtg Funds are cla55ified as either resiricied fur￿ or unrr51rided fimds. (r endowment. defiTKd as follows. Restricted fijnds are fvnds subje¢1 to sjxctfic rwuirements as io their use which may b¢ d¢¢lared by the do¢Jor or with iheir authority or created through legal pnxesses, but still within the ivider objects of the charity. Endowment fisnds are fuThds which have bttn given on the condilion that the original capital is reduced, but th¢ in¢om¢ ih¢re from is used for the pyrpose defjned in a¢¢ordan¢e I￿1b ihe obje¢ts of ihe charily. Unrestricted ￿ndS are expendable at ihe discreiion of the tn￿1¢¢$ in furtherance of the objects of the Charity. If part5 of the unrestricied fvnds are cam￿rked al the discretion of the tnLStees for a particular purpose. ihey are designated as a separaie fijnd. This designation has an administrative pu￿05¢ only and does not legally Testrid the trusiees. disc￿lon io apply the fi￿d. Designaied fvnds are generdlly bequests and legacies left to the Thurch Ithich are available for any large eX￿￿lture. Income All donations and gifts are included within income under either tsnWtria¢d or restricid f￿￿$ according to lh¢ iemis undeT which the donation is made and %vhen the amounl can be quantified with rewnable certainty. Donations and 8ifi5 in kind are brought into ihe acctsunts ai ¢heir market value io ihe charity. Expendtture Expenditure Is reeognised on an accruals b&sis as the liability is incurred. Tfingible fixed Assets Expendiiure Jncurred on ihe repair and mainienaJKe of buildings is ¢harged as ffvenue ex￿￿ltUre in the sta¢emeni of financial activitie5 in the year in which the liability ari5e5. The Tr￿￿tees. policy is to write off fJxture5 and small items of plant in the year of p￿rChaSe. Fre¢hold buildings are considered by ihe Trusiees to at le&si hold their value and as such no depreCI￿lon has been ¢harged. Investments Fixed asset investments are stated at market value at the balance shed date. Unr¢alised gains and losses represeni the differ¢nce bettveen the market value ai ihe be￿nn]rtg and eThJ of the financial year or. if purchased in the year. the difference between cost and market value al the end of the year. Realised gains and losses represent the difference F*tween ihe proceeds on disposal and the n￿rket value at the start of the year or cosi if purrhased in the year. TaxAIio umbrae. Fairlie and lar85 Parish Church of Scotla￿] is recognised a charity for the purrKbse5 of applicable thxaiion legislation and is therefore noi subject to laxation on lis charitsble a¢iivities. The charity is not rcgistered for VAT aThJ resources ex￿nded therefore include irrecoverable input VAT. Ill Eli. ¥r r*-4 W¥kW UL L nYoYxx<%on 0> 1 ots I 0*4%W4 -¥1[ Falrl and Lar ureh f N te5 formin arl of Ihe financ or Ihe eAr ended 31 December 2OZ4 2024 2023 6 Staf( t05ts And nnmbtrs Salari¢s and iiage5 Suii&l s¢Lwrii) LOS15 Pension cos15 02.225 34.418 286 62.511 260 34.678 The ai'ernge number of emplo>"ees during the s"e8r. cal￿1&[ed on the Imsls of a head ¢ounL 112$ as fo11014S: 21124 2DZ3 Ministerigl suprrt)n Admin stsff Musi¢ siaff Pretiuses maintenance 10 No crnplo>'rc had crnplmLf brnefits in rnc¢$5 iTrf£60.tM)0 12023= u¥ll. All Church of Scotland cMgregaiion5 c(miribule to ihe N.￿lO￿al Siirthd frund ii'hich bears ihe costs of all milli￿ers. siipends and ernplo)"erf5 conlribu¢ii)n5 fi]r Thational insurJnce. ￿E15]Dn and housing OT¥1 loan fund. Minister5. siipends are paid in ¢cordance i¥iih the natii)tJal Sti￿nd scak. ii'hich is related ￿ !Vdts of sen"ice. For the un&r rv'i¢%i" th¢ minimum stI￿n￿ il'as £31.642 and ihe maximum stipend lin the fifth and subseqwnt !'£arsl £38.884. 7 Trustee Remuneration RelF4ted Party TraDs4ction5 Mini￿erS iiere re1rn￿r￿ lor an) Irdi'el and ￿her eNpenses totslling £8.115 120?3= £9411. telephone cosis totallin8 £206 12023-. £2061 and had Ihe manse rale5 of £6.8(M) pwd12O23.. £4.9401."Shere ii"a5 no addiiiorAI I'oluntan. 51ipend in 2023 12022.. INill rnaking l(Trial exrtnses of £15.21112023.. £6.0871. TTU51L'¢S LL¢iird a 5alw of £1.89812023- f1.9581 Ii"hilc arlivg a5 a Chuich Wutkei and vf £9.305 1?1I?l E8.•181 iihilL ailing ILS Chur¢h Adtnini51ra¢ui. During ih¢ lear a IOLal of aA)ro.Kimaiel1 £40.0(X) 11&$ 410Tha￿l Èo the Lthwegatiun trus*¢5 IKi¥k Se55ionl. 8 Tangible Ass*¢s Frtehoid Property Eq￿ipment Tot*1 Cost or VaMgtioD At l Januars. 2024 Added Ai 31 Decejythr 2024 451.593 451.593 451.593 451.593 Ae¢Mthul¥ltd Depre¢lxilo Ai l Januar%. 2024 Char8e for >ear At 31 Decethr 2024 Ne( Book V8lue Ai 31 Ik¢¢Tthr 2024 451.593 451.593 Ai 31 Decen*)er 2023 451.59) 451.593 Refer to t￿le 18 re8arding proK*rti' title %2luation Cumbrae Fairlie and La ri5h Cthurch of Scotl#Nd rmin art of the fingntÉal statements cember 2024 9 Investments 2024 2023 Mark¢t valu¢ at 31 December 2023 Addiiions Di5posa15 Unrealised gatn I Ilossl on investrnent5 Market value at 31 December 2024 942,124 471.816 419.970 67,005 1,009,130 50,338 942,124 Irbve5tmtnt5 at cost 594.994 594.9)4 The follo%ving investments are held.. Church of Scotlarhd Invr5toI5 Tru5t- ChuTch of Scotland lrtvestovs TrI￿- M&fj Invesimenls Lloyds Banking Group Aviva 98.81412023.- 98.814) Growth FW￿ Units 19,92712023: 19,927) Income Furhd Units 45412023: 4541 Charifvnd Income L'nits 4,87012022.. 4,870) Ordinary Sharts 1.596 (2023: 2.100) Ordinary Shares 630.433 220,393 148.453 576.086 218,400 136,186 2.323 9,129 942,124 7,200 1,009,1 ?9 10 Debtors 21124 2023 Gift Aid Tax Refvnd Due Let of Premises 9.754 4.905 14.659 20,684 20.684 I Creditors 21124 2023 Accrua15 Trade Crediiors 7.200 11.340 18,540 7.527 9.5?7 12 Angly5is ofNet Assets Among Fllnds Getttr*l Desigth*led Restr5ded End•wrnent Tot41 Fixed Assets Inv¢5tment5 Current Assds Current Liabilities 451.593 451,593 1.009,130 158.189 {9,5271 1.609,384 686.128 145.179 19.527) 821.780 47.79) 7,0 275.212 5.920 N¢t assets #131 December 21124 451.593 54.881 281.131 13 Volunteers In common with all congregations ofthe Chur¢h of Scotland the congregation benefit5 frorn the contribution ma(k by volunteers who give ih¢ir time and ￿entS willingly for the b¢n¢fii of ihe Church. lTh¢ areas of Congregational life which rely on the contribution of volunteers art many and varied aTMI much of the activity would b¢ unable to Coniinue ere it not for ihe commiimeni sknwn. 12 r2024 At t J1•￿Ty TIMSk￿ 2•24 Al 31 IJ¢¢¢mber 2024 funds FaiquTrMTfANTrTw51 P¢nncl Beque51 Bucha￿￿ B4uc5t T Clatk B¢9K Wothr￿p0a￿ Lcg￿> Si Mar￿a￿r5Tn￿1 W￿50￿,51[￿s1 AB Allan TrUSL￿￿￿8￿ A￿nV￿O￿5Tnllt RcseTh￿ FWKJ Broiin L. Dimch Beq Neiil&nth bEquest ATKMYMOUS Carnpbell Try 617 3.?35 8.160 .396 16071 179 8.4117 3.513 39$ 6.4¥6 6.438 IJMI 55 3.167 3.167 3.ljg 315 826 Fife Beqve$i R05s& &v¥ Beqtui Ilanmll B¢que51 1991 1_823 789 1_583 37_073 1&017 11.984 I.￿8 734) 1801 16M91 1978) JaiW5 Boa¥ B¢qii¢SI Mys E Weiy Be0￿$¢ FIoutrFu Sl Colunibi¥S¢outs ch￿dlinE Srthl Fabn Youn¥ Chusch Planl J6.738 17. 0.415 947 67.098 15.tA61 ?? 1.443 ti3.9)3 17.808 Ory Benrnolenl Ch￿1 Thetiuiid ti￿de DD .536 551 453 44Q 33 Mxbre&ioiBUr￿L 103 Rry1r1¢￿ twnds Ch￿￿ OrpnisaiKJDs CoD5eTh?tiw)Fund 4.395 413 ￿en￿1)I¢ll1 Futtd Choil.MwK FuThl Da¥'idClatk' Beguesi EB Jwes FibYi¢ Fund FlokntrFund Htli &. Hoswtsiil¥ M&GrtBoi Bun 67 149 358 16.4 4J85 14J851 13.4WI 1.701 5wn5DtEdathiTritseS 46? lo￿ercI0￿l "I￿0￿5 AfirdFund Y(KLthOig4ni58tKxLFut 13.9361 397 38.305 I'*rp5trtcEtd Batt Exttutri. J. L￿[d BequE5t M 5teiian LeBau.' Deubpnated FabncFLThI Dtsignated Designat¢d CkniiFund De51gnated Benutyenl Fwhl 111057 57.4 .9?] 24.679 16.7811 ?55 ?55 473 16,873 473 10.873 De51gnaied F￿nd Des*￿1￿71¢d Smi¢es Re - STCOLUMBA'S Cbutth-to P￿￿￿le4¢h￿ m•iemls tortheYowCJw SloWUF￿d-IDPthdt oowyts￿bta￿rify the s¥*tu*ry Cknithine ScDlland-*lbJiJnl left fthTCThadline Sccii4roJ fwmu5e5wDClu* of51 Ile￿IngPl￿-ID tEwr*tsAmain￿￿knt111n8F1￿L Or8an-knthe tyiramdlntint￿Kc4fthtcknb eDE¥olent-forthEiYrtfitofibe"ler% r)u¢s Vuluntar) Additional Siipend Mini51¢rs' El￿￿5¢$ Minislcrial A55i51ance Pulpit Suppl OihL'r salary tosis Fabric Repair5 & Mainienance Council Tlx Other Iluildings Costs Church ()t'fieL l-.Ypenses Organ & Mu51C Othcr cxpcn5e5 (Mhcr Church Or8ani5aiions Pa>"roll Burcau & Other Accounting InderKndcnt ExoJniner's l Auditofs Fee Offering EnitIo￿5 186. 133 98.473 1.932 191.500 8.115 17.280 941 5(K) 57.8(K) 85.0(K) 45547 94.568 6.SlX> 109.( 18.163 1.284 17.374 17.467 1.705 34.678 43.587 4.920 44.809 10.573 109.350 21.000 1.250 I l.(KJO 7.168 7.492 2.000 2.000 72 348 532.287 262J33 490.IM)O Resull Irom tontinuing oper*llon$ 11092621 139,0771 Fund5 transferred frvTll Prn'ious coTrgre8ations 793.554 Net incomeltxpenditure per SOFA 109362 754J77 Thi5 paB¢ (kr5 not r(Thi rArt ofthe charih s AawioTh' acwjnts. 18