Docusign Envelope ID: D15A90E2-4EE2-44B2-8BFB-FC5DD4390DD3 **Dundee: St Stephens & West Parish Church of Scotland Broughty Ferry** **Trustees' Report and accounts for the year ended 31[st] December 2024** **Scottish Charity registration number: SC003714** **Church of Scotland congregational registration number: 291717** Envw ID". D15AWE24EE244B24BF&FC5DD4MDD3 Pa8e 2 Dundee- St stephen$ & West P#ilsh Chmith of Srotl4nd Year ended 31" December 2024 Trustees. ADnuAI Report The tWStees present the 8DDual report 8tKI Rccoullts for St Stq)hen5 & West P&i5h Church forthe year ended 3111 tkceDkner 2024. Reference andAdmllllstrnlfveJ))formatloD ST Stephetss & West PatAsh Church Chaxiry RtgistsationNmtts. Congregation Reference Nut]knr. SC003714 291717 ContsctAdthss.' 14qembers of Klrksesslon and CongregatloDal Board: LlIembers of CoDgregatlonal Board ODty: Prlnclpal oni¢t-Bewers: MiDister'. Sc55Jon Clcjt.. Clerk to the Board and Treasurer.. Docusign Envelope ID: D15A90E2-4EE2-44B2-8BFB-FC5DD4390DD3 Page 3 ## **Dundee: St Stephens & West Parish Church of Scotland Year ended 31[st] December 2024** ## **Trustees’ Annual Report (continued)** ## **Independent Examiner:** James Hair & Co 59 Bonnygate Cupar KY15 4BY ## **Bankers:** Royal Bank of Scotland 3 High Street, Dundee, DD1 1SX ## **Structure, Governance and Management** ## **Governing Document** The Church is administered in accordance with the terms of a Model Deed of Constitution. ## **Recruitment and Appointment of Trustees** Members of the Kirk Session and the Congregational Board are the charity trustees. The Kirk Session members are the elders of the church, responsible for spiritual affairs and are chosen from those members of the church who are considered to have the appropriate gifts and skills. In addition, the minister, is a member of the Kirk Session. The Congregational Board is appointed from within the congregation and members of the congregation are invited to nominate individuals who are believed to have the skills and commitment to contribute to the management affairs of the Church, to become members of the Board. Board members are then appointed at the Stated Annual Meeting and serve for a period of three years after which they must seek re-election at the Annual Stated Meeting. ## **Organisational Structure** The Kirk Session and Congregational Board are both chaired by the Minister and usually meet about four times a year. Certain responsibilities are delegated to various committees as appropriate: Finance, Property and Hall, Social & Fundraising and Garden. Envw ID". D15AWE24EE244B24BF&FC5DD4MDD3 Page 4 Dundee: St Stephens & West P&rish Church of Scotland Year ended 31 December 2024 Trustees. Annual Reporl (continued) Shwfture. GoveTDallce aDd MallagerneDt (rollliDued) ObJeeth"e5 and Actlsdtfies The Cburckn of Scotland is Trillitarian An doctrine, Refonned in trddition alld Presbyterian in polity. It exists to 8lorifyGod and to woik foi the adi'ancellient of c1￿1St,S Kulgdoin throughout the Th'oild. As a national Cliutch. it aCknO￿ledgeS a distixi¢tii-e ¢all axid duty to briIJ8 the ordiiJ3nc¢s of reli8ion to tlie people iii ¢Nery parisli in Scotland through a territorial inistry. li co-operates other Churche5 illi"arious eeumenieal t>odies ill Scotlalld al￿ beyond. I St¢iilitll% Ll- West Parish Church is linked with St Mary's Ritish Church in Diiiidet iiiidti" tlie Jninislry of 31tliou81i eaeli coiitinues to operate utider tlieir existin8 COX)sti￿tIo1Js proi'ided sei'i'iLe4 111 botli chi￿CheS. 10am in St Stepbells and we￿ alld I1.15am ill St Matys. We are gtatefiil for tlie genenius assislallce of retired minista5 who pTh)I"ided Sullday worship when MllLiSter was itl St Mary's or otherwise unavailable. Once the St Stephens and W¢st pulpit is vacant. this con￿egatIon will be¢ome part of th¢ Broughty Feny Parish Chw¢h. We are most gtateful to ow S￿10￿ Clerk. for his ￿Ork ill the Chwch alld the Hall. A¢hlei'ement$ 4nd Perfoiinan¢e We are striiin8 to ￿￿]ntain and in￿e9Se our mejnbersbip. which efforts haie been bolstered by attenthtlg Sullday SeThice5 b&Ne re￿ailled steady con]pared to pre￿.10￿S years. We ￿e detennined to continue God's work in and outside the church and encoutage as many people as possible io make use of our beautiful sallctuary aod so ensure its future for years to coxne. Docusign Envelope ID: D15A90E2-4EE2-44B2-8BFB-FC5DD4390DD3 Page 5 ## **Dundee: St Stephens & West Parish Church of Scotland Year ended 31[st] December 2024** ## **Trustees’ Annual Report (continued)** ## **Financial Review** There is no significant change in the number of Gift Aid donors and over 30 members make their donations by standing order. There was a surplus of receipts over payments for the year of £34,573 (2023 - £68,769 deficit). ## **Reserves policy** At the end of the year the Church had total funds of £71,073 (2023 - £36,500) which is net of General funds of £65,327 (2023 - £29,188), restricted funds of £449 (2023 - £1,879), endowment funds of £5,000 (2023 - £5,000) and designated funds of £297 (2023 - £433). Despite world events causing significant fluctuations in our investment portfolio, these cash reserves are considered to be adequate to allow the Church to operate for at least the next five years. ## **Statement of Trustees’ Responsibilities** The members of the Kirk Session / Congregational Board must prepare financial statements which give sufficient detail to enable an appreciation of the transactions of the Church during the financial year. The members of the Kirk Session / Congregational Board are responsible for keeping proper accounting records which, on request, must reflect the financial position of the Church at that time. This must be done to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 and the Regulations Anent Congregational Finance approved by the General Assembly of the Church of Scotland in 2007. They are also responsible for safeguarding the assets of the Church and must take reasonable steps for the prevention and/or detection of fraud and other irregularities. Approved by the Trustees and signed on their behalf, 28 July 2025 | 7:40 PM BST Date: Docusign Envelope ID: D15A90E2-4EE2-44B2-8BFB-FC5DD4390DD3 Page 6 ## **Dundee: St Stephens & West Parish Church of Scotland Year ended 31[st] December 2024** ## **Report of the Independent Examiner** I report on the accounts of the charity for the year ended 31 December 2024 which are set out on pages 7 to 11. ## **Respective responsibilities of trustees and examiner** The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation 10 (1) (d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts under section 44(1) (c) of the Act and to state whether particular matters have come to my attention. ## **Basis of independent examiner’s statement** My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. ## **Independent examiner’s statement** In the course of my examination, no matter has come to my attention 1. which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and * to prepare accounts which accord with the accounting records and comply with the requirements of Regulation 9 of the 2006 Accounts Regulations 2006 have not been met, or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Date: 18 August 2025 | 2:36 AM PDT James Hair & Co 59 Bonnygate Cupar KY15 4BY Docusign Envelope ID: D15A90E2-4EE2-44B2-8BFB-FC5DD4390DD3 Page 7 ## **Dundee: St Stephens & West Parish Church of Scotland Receipts and payments account for the year ended 31 December 2024** |**Note**
**Receipts**
Donations
3
Legacies
3
Activities for generating funds
3
Investment Income
3
Sale of investments
**Total receipts**
**Payments**
Cost of generating funds
4
Charitable activities
4
Governance costs
4
Purchase of investments
**Total payments**
**Excess of payments over receipts for the year**
**Total funds brought forward**
**Total funds carried forward**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total
**2024**
**2024**
**2024**
**2024**
2023
2023
2023
2023
**£**
**£**
**£**
**£**
£
£
£
£
**32,463**
**-**
**-**
**32,463**
30,643
-
-
30,643
**25,000**
**-**
**-**
**25,000**
-
-
-
-
**15,042**
**-**
**-**
**15,042**
15,997
-
-
15,997
**11,288**
**-**
**-**
**11,288**
11,029
-
-
11,029
**135,847**
**-**
**-**
**135,847**
80,916
-
-
80,916| |---|---| ||**219,641**
**-**
**-**
**219,641**
138,585
-
-
138,585| ||**4,991**
**-**
**-**
**4,991**
5,061
-
-
5,061
**76,574**
**1,430**
**-**
**78,004**
63,785
1,248
-
65,033
**792**
**-**
**-**
**792**
792
-
-
792
**101,280**
**-**
**-**
**101,280**
136,468
-
-
136,468| ||**183,638**
**1,430**
**-**
**185,068**
206,106
1,248
-
207,354| ||**36,003**
**(1,430)**
**-**
**34,573**
(67,521)
(1,248)
-
(68,769)
**29,621**
**1,879**
**5,000**
**36,500**
97,142
3,127
5,000
105,269| ||**65,624**
**449**
**5,000**
**71,073**
29,621
1,879
5,000
36,500| Docusign Envelope ID: D15A90E2-4EE2-44B2-8BFB-FC5DD4390DD3 Page 8 ## **Dundee: St Stephens & West Parish Church of Scotland Statement of balances** **at 31 December 2024** |
**Statement of balances**
**at 31 December 2024**|| |---|---| |**Note**
**Bank & deposit balances**
Balances at 31 December brought forward
Excess of receipts over payments for the year
**Balances at 31 December carried forward**
2
**Investments at Market Value**
(cost £373,196)
**Assets**
Gift aid recoverable
**Liabilities**|**Unrestricted**
**Restricted Endowment**
Unrestricted
Restricted
Endowment
**Funds**
**Funds**
**Funds**
**Total**
Funds
Funds
Funds
Total
**2024**
**2024**
**2024**
**2024**
2023
2023
2023
2023
**£**
**£**
**£**
**£**
£
£
£
£
29,621
1,879
5,000
**36,500**
97,142
3,127
5,000
105,269
36,003
(1,430)
-
**34,573**
(67,521)
(1,248)
-
(68,769)| ||65,624
449
5,000
**71,073**
29,621
1,879
5,000
36,500| ||432,283
-
-
**432,283**
447,364
-
-
447,364| ||2,960
-
-
**2,960**
6,043
-
-
6,043| ||2,960
-
-
**2,960**
6,043
-
-
6,043| ||3,297
-
-
**3,297**
2,261
-
-
2,261| The accounts were approved by the Kirk Session and Congregational Board on March 2025. For and on behalf of the Kirk Session and Congregational Board **Session Clerk** **Treasurer** Docusign Envelope ID: D15A90E2-4EE2-44B2-8BFB-FC5DD4390DD3 Page 9 ## **Dundee: St Stephens & West Parish Church of Scotland Year ended 31[st] December 2024** ## **Notes to the accounts (continued)** - **1 Trustee remuneration and related party transactions** During the year 6 (2023 -4) Trustees were reimbursed for expenditure paid on behalf of the charity of £1,205 (2023 - £1,474). No trustee received any remuneration during the year. No trustee or a person related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year. - **2 Movements in funds** |**Endowment funds**
Memorial Fund
**Restricted funds**
Fund
**Unrestricted funds**
General Fund
**Designated funds**
Social Group
Friendship Circle
**Total unrestricted and designated funds**
**Total funds**|**At**
**At**
**01/01/2024**
**£**
**Receipts**
**£**
**Payments**
**£**
**Transfers**
**£**
**31/12/2024**
**£**
5,000
-
-
-
**5,000**| |---|---| ||1,879
-
(1,430)
-
**449**| ||29,188
219,637
(183,497)
-
**65,327**| ||279
4
(140)
-
**143**
154
-
-
-
**154**| ||433
4
(140)
-
**297**| ||| ||29,621
219,641
(183,638)
-
**65,624**| ||**36,500**
**219,641**
**(185,068)**
.
**-**
**71,073**| ## **Purpose of Endowment Fund** The Fund of £5,000, while protected, allows the income to be used for general purposes of the church. ## **Purposes of Restricted Funds** The Fund was primarily for fund raising publicity but has been widened to include all publicity, including the cost of the church magazine. ## **Purposes of Designated Funds (within Unrestricted Category)** All funds are currently in use by the described activity. Docusign Envelope ID: D15A90E2-4EE2-44B2-8BFB-FC5DD4390DD3 Page 10 ## **Dundee: St Stephens & West Parish Church of Scotland** ## **Year ended 31[st] December 2024** ## **Notes to the accounts (continued)** ## **3 Analysis of receipts** |**Donations**
Offerings
Tax recovered on gift aid
Legacies
**Activities for generating funds**
Use of premises (Church Hall)
Organisations
Fund raising
**Investment income**
Dividends and interest received
**Other payments**
Proceeds of sale of investments|**Unrestricted**
**Restricted**
**Endowment**
**Total**
Unrestricted
Restricted
Endowment
Total
**Funds**
**Funds**
**Funds**
**2024**
Funds
Funds
Funds
2023
**£**
**£**
**£**
**£**
£
£
£
£
**23,511**
**-**
**-**
**23,511**
24,275
-
-
24,275
**8,953**
**-**
**-**
**8,953**
6,368
-
-
6,368
**25,000**
**-**
**-**
**25,000**
-
-
-
-| |---|---| ||**57,463**
**-**
**-**
**57,463**
30,643
-
-
30,643| ||**14,330**
**-**
**-**
**14,330**
14,353
-
-
14,353
**4**
**-**
**-**
**4**
82
-
-
82
**708**
**-**
**-**
**708**
1,562
-
-
1,562| ||**15,042**
**-**
**-**
**15,042**
15,997
-
-
15,997| ||**11,288**
**-**
**-**
**11,288**
11,029
-
-
11,029| ||**11,288**
**-**
**-**
**11,288**
11,029
-
-
11,029| ||**135,847**
**-**
**-**
**135,847**
80,916
-
-
80,916| ||**219,641**
**-**
**-**
**219,641**
**138,585**
**-**
**-**
**138,585**| Docusign Envelope ID: D15A90E2-4EE2-44B2-8BFB-FC5DD4390DD3 Page 11 ## **Dundee: St Stephens & West Parish Church of Scotland** ## **Year ended 31[st] December 2024** ## **Notes to the accounts (continued)** |**Year ended 31st December 2024**
**Notes to the accounts (continued)**|| |---|---| |**4**
**Analysis of payments**
**Cost of generating funds**
Investment managers fees
Offering envelopes
**Charitable activities**
Ministries and mission allocation
Presbytery dues
Pulpit supply
Other salary costs
Fabric repairs and maintenance
Other building costs
Organ and music
Organisations
Other expenses
**Governance costs**
Independent examiner's fees
**Other payments**
Purchase of investments|**Unrestricted**
**funds**
**£**
**Restricted**
**funds**
**£**
**Endowment**
**funds**
**£**
**Total**
**2024**
**£**
Unrestricted
funds
£
Restricted
funds
£
Endowment
funds
£
Total
2023
£
**4,909**
**-**
**-**
**4,909**
4,985
-
-
4,985
**82**
**-**
**-**
**82**
76
-
-
76| ||**4,991**
**-**
**-**
**4,991**
5,061
-
-
5,061| ||**27,685**
**-**
**-**
**27,685**
23,729
-
-
23,729
**902**
**-**
**-**
**902**
658
-
-
658| ||**28,587**
**-**
**-**
**28,587**
24,387
-
-
24,387
**200**
**-**
**-**
**200**
900
-
-
900
**7,549**
**-**
**-**
**7,549**
6,965
-
-
6,965
**17,876**
**-**
**-**
**17,876**
13,884
-
-
13,884
**20,105**
**-**
**-**
**20,105**
14,948
-
-
14,948
**-**
**-**
**-**
**-**
426
-
-
426
**140**
**-**
**-**
**140**
-
-
-
-
**2,117**
**1,430**
**-**
**3,547**
2,275
1,248
-
3,523| ||**76,574**
**1,430**
**-**
**78,004**
63,785
1,248
-
65,033| ||**792**
**-**
**-**
**792**
792
-
-
792| ||**101,280**
**-**
**-**
**101,280**
136,468
-
-
136,468| ||**183,638**
**1,430**
**-**
**185,068**
206,106
1,248
-
207,354| Expenses relative to the Manse are paid equally by St Stephens and West Church and St Mary's Parish Church, Dundee. The expenses are included in the analysis above under the appropriate headings. ## **5 Minister's stipend** All Church of Scotland congregations contribute to the National Stipend Fund which bears the cost of all ministers' stipends and employers' contribution for National Insurance, pensions and housing and loan fund. Minister's stipends are paid in accordance with the national stipend scale. For the year under review the minimum stipend was £31,642 and the maximum (in the fifth and subsequent years) £38,884. ## **6 Collections for Third Parties** A collection for Christian Aid - £461.50 was made during the year (2023 - £290). In addition it was decided that the proceeds of the May coffee morning (£626) would be donated equally between the Samaritans and Parkinsons UK and the proceeds of the November coffee morning (£707.60) would be donated equally between Dundee Bairns and Dementia Scotland.