Srott¥h Number.. sc￿3301 Strathnalrn and Strathdeam Church of Scotland IPre¥iou*'D•¥lot and Dunllthbty P•rlsh Churth of S¢oti•nd'l Receipts and Payments Account for the year ended 31 December 2023 Congreiatlon No.. 372164 Strathnairn and Strathdeam Church of Scotland Receipts Payments Accounts Year Ended 31 l>ecember 2023 Contents Page P¥e Report of the Trustees Report of ihe Independent Examiner Receipts and Payments Account Statements of 8alances Notes to the Financial Staiements 10-13 Strathnairn and Strathde¥m Chur¢h of Seatland Receipts Payments Accounts Year Ended 31 December 2023 Report of the Trurtees The Tiustees are pleased to present their report together wth the financial staternents of the Church tof the year ended 31 December 2023. Relerence and AdmlnlMrattr4e Informatknn Charity Narne: Strathnaiin and Strathdearn Church of Scotland Previou5 Charity Nème.. Daviot & Ounlichity Pari3h C￿.￿r(h of Scotirynd (Chonied 23 NAJiust 20231 Charity Re8lStr•iion Number.. SCOJ3301 C¢m8￿8)tIonal Reference Number-. 372164 Contact Addre￿.. Glenkyllachy Lod8e, Tematin, IV13 7YA IAinist•r Session Cknrk Trèasurer Safe8uafthn8Cc#)rdinator Independent Exarniner Chartered Acc￿nIan¢S 32 Tobreck Ro&Y Inverne IV2 4DF B•kers Bank of ScotlaTh1 plc 2.6 E3St8ate Inverness IV2 3PIA Strathnairn and Strathdearn Chufch of Scotland Re¢eipts Payments Accounts Year Ended 31 December 2023 Report of the Trustees Strurture and Governance The Church 15 a Scottish Registered Charty. charity number sc￿13301. The Church 15 administered with the terms of the Unitary Deed of Constitution. Recrtsltm•nt and Appolntm*nt of Trustees Members of the Kirk Sessiart arè the charity trustees. The firk Session members arè the elders of the church and are thosen frorn those rnembers ol the churth who are ¢on5idered to have the appropriate gifts and ski115. The Minister was inducted as the Minister ol Cawdor linked with Croy and Dalcr05s in 2016,. became the Interim Moderator of Daviot & Dunlichity linked with Moy. Oalarossie & Tomatin in 2018, and the Mlnistef of the new United ch¥r8e of Strathnairn and Strathdearn on 12 Au8USt 2023. Oryanlstlon•l Structure The Kirk Session presently meets approximate￿ every two months and under the Unitary Constitution is responsible for both spiritual and finance and property rnatter5 Within the church. We are 51111 settlin8 Into the new union. A Finance Team ha5 been set up. led by the Treasurer with help from •nother elder from the Se$51on, aTh elder no¢ on the SeS￿On. and a member ot the ¢on8regaiion. Othèr tèams will follow. Oblertl¥es and ArtI¥￿Ie3 The Church of Scotland Is Tfinltarian In dollrine, Reformed in tradition and Presbyrerian in polity. It exi5¢5 to lorify God and to work for the advancement ol Christ's Ksnedom throy8hout the world. To this end. tach communlty shall be served by a parish where worshippin8, Wltnessin8 and 5ervin8 con8re8ations are easllv accessible., and where these communitie5 Wtll work ecurnenically.. wilh a priority for the poor. The whole people ot God will be encoura8ed and called out to exercise iheir 8ifts within a mixed ecor+omy of exlstln8 Church structures and New Expressions ol Falih in "well equipped spaces in the rlght places.- Strathnairn and Strathdeam Church of Scotland Receipts Payments Accounts Year Ended 31 December 2023 Report of the Trustees Our Vlslon Our vision is to fulfil the Church of kotland's vision wsthin our parish aThd beyond by followin8 the S Marks of Mission, and thereby endeavourin8 tcs proclaim the Good News. nurture faith. serve human need, transform Inlustlce and care for cteation. Ouf Guldln8 Prfnclpl•sfrom Scrlpture Je5U5 said, 'Love the Lord your God with oll your heart. and with all your mind and with all your stfen8th. and love your neghbour as yoursell." Mark 12.. 31> jesus said. 'All authority in Heaven and on Earth has been 8iven to me. Therefort go and make disciples of all nations, baptising them in the name of the Father. and of the Son. and ol the Holy Spirit. and teaching them to obey everythin8 and I have commanded you. And surety l am with you alway5. tg the very end of age." In addition 10 the artivities already listed, Prayer Meetin8$ are regularly held in The Strathdearn Hub and Crov Church. We also 5UPPQrt the Highland Foodbank and donations lor this are uplifted at both Services at Crov and Tomatin every month. Good5 were also donated at HaNest Thank5givin8 in lieu of the traditlonal harvest lfts of fruit and ve8etables The Guild enjoyed many interestin6 and enjoyable mtetin8S thfou8hout 2023 at all three local venues- Croy Church. The Strathdearn Hub and Daviot Churth. We also attended the Guilds Together Service at Nairn. and enjoyed the Guilds Together afternoon tea at the Kin8smills Hotel. A Unlted Servlce and Guild Dedlcatlon took place at Daviot Church on 30 Ocwber. The Frlday mornin8 Coffee & Crafts sessions on Friday mornin8$ at 0￿0t Churth are well attended and enjoyed by all. Worshlp Worship normally take5 pLice each Sunday ai Oawot Church at 12 noon, with Certain jolnt serwi¢es. suth as the first Sunday of ihe year, or the Good Friday E¥ening Service, with Moy, Dalar055ie and Tomatin alternatin8 Wlth each other's ¥enues. Holy Communion normally takes place in February. July and November. with joint services in either Daviot. Dalarossie or Tornatin. The Sacrament ol Baptism is administered as and when it is appiopriaie. A joint cornmunity Rèmembrance Sunday Service and Act of Remembrance wa5 held wlth St. Paul's Episcopal Church. Croachy. at thè War Memorial at Oaviot at 10.15am orn Remembrance Sunday. The chan8ed format, nece$51tated by Covid. may well be repeated annually. Also because of covid restrictions, the Watchni8ht Service, and usual services at St Pauls for Chri5tma5. had to be cancelled. However, it was possible to have a Christrna5 Celebratin in the Cabin in the Wood at Farr specifically for the younger children. A World Day of Prayer Service is normally held each year, the venue alteTnatiTh8 between the linked parlshes, but again this could r￿¢ take place as U5val because of the l¢xkdown restrirtion5. However. the possibility of home worship was made possible by Rev 8rookes emailing oui and posting on Facebook and the website, written copies of his service& He also recorded services from the vafiOUS ehurches In his char8e, whlch could be seen on Youtube. A joint service was hèld in Daviot Church in early Au8USt invol¥sn8 members from Daviot & Dunlichity and Moy. Dalrossie & Tomatin, and Cawdor, and Croy & Dalcross. Starthnalm and Strathdearn Churth ot Scotland Receipts Payments Accounts Year Ended 31 Decern￿r 2023 Report of the Trustees Churth Rom Involved in the life Of the Cong￿lI10n.. Chlldren 17 or under 18 year5 or over not on Communion Roll Comrnunion Roll E141e 241 12 Total 8aptisms Adult Baptisms Thank4ivin8 and blessing of chlldren servlces Weddin8s ¢ondurted by Minister Furser315 conducted by MinisterlM¢knator 21 Achhv•m•nts Completing the Union Coniinuing the work of the previous four Kirk Se$s￿n$ and learnlw toworkto8ether in our new Ufilted Parfsh.. The athaneement ol our Church's vis￿0 throu¢h social media and thewritten word. The progress made with the dispo￿1 of buildin4s wh¢ch will allow us to focu5 more on mission in theyearahtad. stsrthnalrn and strathdearn Chureh ot ScotsaTh Re¢eipts Payment5 Accounts Year Ended 31 DecÈmbÈr 2023 Report of the Trustees FIMnd•l Re¥iew The pnnciple soLrces of income fly Church are weekty offeriws, bequesT 3TrJ investmtnt dividernls and interest. The over311 surpluslllefi£itl lof the year ftrr the Churth was £117,034) IX722.' surplus £25.4761. The def￿1t cornpared to the prior year wa5 as a resutt of a numberof lattors. Firitty. leycy donatk)ns were down fmm£23k to £500. Siwifcant repair tosts for bulldln85 were c3rried out duriw the ¥ear In Pfepar•tion lty sale of $4me bLi￿aIn85 Due to the congreBational unk)n of the 4 churches and Jrnal8amatlon Into I par15h, There We￿ some Ofher One￿tt c05rs whlch would be exptcted io occur in the future. The expeciation be that in the fuiure 09en plaie. weekly offerin85 and other donations wtyjld in£rea5t due to Ihe ¥rn*18amatior, ol the 4 parikns. The Ch4¥th rem•ins in a strth)8 li￿£r￿1 positrf) folk)win8 th¢eoryre8atwJnal uni•rL A￿•￿￿1 Pollry 1t has. in the past. been the Trus*es' policy to hod re5eNes of up to one y￿r.$ expeThdit￿ in lentral lurtds. At the yearend the cashhebj inGeneral Funth and Fabnc FJnd5 cwrent ￿0￿nIS conkined £723W12022. £61,981), W￿Ch 15 sufficient to cover the annual expernditure of the Con6re8at*)rn The reseNes h￿e been signi1cafit￿ In¢￿*Sea due io the Conare8aiional Union Ti•nsfets of lityid cath lid ￿ve$iments and iemporary funds held centrally by Ihe Church of otland tDtallln8 £578.714 in the year. At yearènd thetotal ￿seweS of the Church We￿ E841,43412022.. £279,7541 which are split betwetti f*neral FurKI E275,63312022.. £40.1801 and ihe cornblrEd De￿￿nIted Funds of £S6S,g)1 12022.. £239,574). Fyturepla The four cO￿re{at1)nS have Trow worked through the pro￿55 01 enacting a union to create this new charge. Ihe ratonèle ￿ the continuiTh8 Outworkini of 3 condtI￿ of appr￿3¢ from ihe General fru5tees In relation 10 Cawdor. They asked that further con51der•t¢m be ¢lwen to rdea5elretentlon ol bulldln¥5 Al wrtle5 ayttd that relea51Th8 The Mound a> soon as powble IS Ehe rt8hi of KtiDn • IL would uhirn•tety ni iPe gbleciives of the Presbytery Mi55ion Plan. Dii¢UsJ￿TrS have iThdicoted encow•8w potent•l for Cawdor Church buildvw to also be rel¢ased ¥•le locally to purtart ol period Con8re8ational union transfers Transfer beh¥een funds Surplus/defKit lorthe year C•sh and b•nk *t •nd olp•rlod 40.180 253.914 111.5221 16,9391 175.633 239.574 324.800 11,522 10,0951 279,754 578,714 254,278 279,754 Is 117,0341 141,434 25.476 559.508 14 A•pr•i•nt•d by.. General Currnnt Account G•ngral Fund Deposit Account Fabric Fund Currènt Account Fabric Fund Deposit Account Temptsrary FuThJ Deposit Accounts Temp)rary Fund Revenue A£¢¢unt 35,198 240,435 35.198 240.435 37,102 6.687 525,014 3,￿1 14l434 22.427 17.753 39,554 1,198 1%,956 1,866 Z79,754 37,102 6.687 525.014 13.¢J)2 14 Other Assets and Llabllfties Mafk•t Valu• of Inv•gtrn•nts 2023 2023 2023 Orllnal Unrnstrlcted D+slqnaied Restrlrted Cort Fund Fund Fund 2023 fotsl Fund5 202Z Total Funds Incorne Fund Growth Fund Growth Fund Capital Fund 32,7C8 40.IC6 44,201 41,495 198.482 81,323 41.495 L98,482 81,323 9,272 29,128 148,689 19,209 206,298 Other Llabllltles Accrued expenses 467 467 250 250 ieescn oiu, I J2L a". d stsrthnalrn and Strathdeam Church of Scotland Receipts Payments Accounts Year Ended 310ecember 2023 NOTES TO THE ACCOUNTS l. Accountln¢ Pollcies Basi5 of Pre aration The accounts have been prepared under ihe Recipts & Payments basis. under the historical cost convention and in accordance with the Charities Accounts (Scoilandl Regulations 2C¢)6 las amended). Heritable properties, consisting of the Church and previou5ty the manse. are not recorded In the statement of balances. The historital cost and market value of these properties are not known. Taxation The Charity is exempt from taxation on its Ch¥rit¥ble A¢ttvities. 2. Funds Unre%trlct•d Funds Unrestricted lunds comprise all income rttei¥ed for the objects and activities of the Church without lurther specified purpose and are available a5 general fvnds. Deslinat•d Funds Desi8nated fvnds are also urtrestricted bui have been set aslde by the Trustees for spe¢tfi¢ purposes. The de518nated lunds included in ihese financial statements are a5 follows.. Fcbrtc Fund The fvnd is financed by in￿tmentS held by the Church and the Church Of Scotland Genefal Trustees. which is designated for the maintenance, ￿pair and development of the Church properties. The fund also receives income from a Permanent Endowment Fund. Gulld A semi•endowmeni fund with its own bank account whith is used to support ihe actiwties of the local Church of Scotland Guild. TempororyFund The net sale proceeds of the manse is dedicated to the purchase of a new manse. The fund is held by the Church of Scotland General Trustees. The Church had no restricted funds in operation durin8 the current or previous year. io Starthnalrn and Strathdearn Church ol Scotland Receipts Payments Accounts Year Ended 31 December 2023 NOTES TO THE ACCOUNTS Unrestri¢*ed tksl#n•ted Renri¢ted FuThls Funds Funds 2023 2023 2023 Tot•1 Funds 2023 Total Funds 2022 Note DO￿tiOnS afbd Le8a¢les Weekly offerin8S Open plate donations Legacy donations Other donations Gift aid received S.260 4.597 5,260 4,597 500 1.696 2,968 4.950 4.074 23,011 131 2,311 1.696 2,968 15.021 15.021 34.477 R•c•lpts from Charltabl• AcdIA￿l Evènts (wèddings. funerals etc.) Other receipts 1,365 2.522 3,887 1,365 2,522 3,887 790 320 I,iio lfive#menl Income Interest on dep051t fund Incomè fund dividends Endowment fund dividends 387 5,913 1,427 1.814 5.913 1,196 966 3.029 6,300 1.427 7.727 li Starthnalrn and Strathdeam Church of Scotland Receipts Payments A¢¢ounts Year Ended 310ecember 2023 NOTES TO THE ACCOUNTS Total Funds 2023 Totsl Funds 2022 Funds 1023 Funds 2023 Funds 2023 Payments for Fundra151￿ Artmtles Payrn*nts Relltlw to Ch•rFtable Aciiviti•s Cleanin8 servtces 8ht & heal Insurancè Ministries & rnission allowance Or8anist services Presbytery dues Pulplt supply Repairs & maintenance Softwore and IT Stationèry and printin Subscriptions Sundry expenses 320 6.665 16291 2.236 2.482 12.182 3.464 320 6,665 2.439 2.236 2.482 12,182 3.464 8,454 1.102 119 181 1.385 1,060 2.568 2.761 1.250 2,280 81 2,402 1,141 258 326 167 106 8.454 1.102 119 181 1.385 29.507 11.522 41,029 14,400 10. Donatlon$ P￿d Donation5 2.265 2.265 2.265 331 331 11. Govemart¢e Costs Bookkeeping services Other1è8al and professional fees 375 37S 71 571 375 375 12. Other Expenses Interesi expense 13. Payments Relatlni fo Asset & Invemments Purcahse of current investments 12 Starthnairn and Strathdeam Church of Scotland Receipts Payments Accounts Year Ended 31 December 2023 NOTES TO THE ACCOUNTS 14. Analysis of Funds General Fabrk Guild T•mpordry Fund Fund Fund Fund Unrestrlctod O¢siinoted Oeswated DesI￿ated Total Funds 2022 Openinq balanc• l January 2023 Receipts received Payments expensed Congregational union transfers Transler between funds ao$1￿ balance 31 D•c•mber 2023 40.180 25.208 132,1471 253,914 111.5221 275.633 40.752 198,822 1,427 279,754 26.635 43,669 578,714 111,5221 324.8C¥) 11.522 365.552 200.249 841,434 IS. C¢ntrei•tlonal UnSon Translers Durin8 the year, the congregations of Daviot & Dunlichity.. Moy. Dalrossie & Tomatin,. Cawdof.. and Croy & Dalcross were combined under this Charity number, previously Dèviot & Dunlichity Parlsh and now. Strathnaifn and Strathdearn Church of Scotland on 12 August 2023. As a resuli, cash balances from the other churches and Investments and funds held centrnlty by the Church ol Scotland were all mer8ed during the year. The amount in the accounts is a total of all cash reserves, investments and centrally held funds which were translerred during the year. There is an expectation that some other smaller amounts wlll be transferred during 2024 as well, on¢e the administration of closlng a¢¢ounts and payin8 final liabilities have all been resolved by each individual ¢onKre4ation. 16. Artlvttles •fter the B•L4ncé Sheet D•1• ITh January 2024, one of the Church buildin85 was sold for a consideratiort of £50,￿1. Oue to the Church buildings being historic and the original historic cost not bein8 known. diffitulty in knowing a reliable market valtse. they are not includèd in the balance sheet items in these accounts. 13