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2024-12-31-accounts

The Church of Scotland Kiltarlity and Kirkhill Church of Scotland

www.kiltarlityandkirkhill.org.uk

Receipts and Payments Account

Year to 31 December 2024

Congregation No: 372161 Charity No: SC003866

Kiltarlity and Kirkhill Church of Scotland Year End 31st December 2024

Reference and Administration Information

Charity Name: Kiltarlity & Kirkhill Church of Scotland Charity Registration Number: SC003866 Congregation Reference No: 372161 Contact Address:

Trustees

Principal Office-bearers Minister: Session Clerk: Property Convenor: Treasurer: Safeguarding Coordinator: Health and Safety Officer:

Independent Examiner

Bankers Royal Bank of Scotland Harbour Road Inverness IV1 1NU

Kiltarlity and Kirkhill Church of Scotland 2024

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Kiltarlity and Kirkhill Church of Scotland Year End 31st December 2024

Trustees’ Annual Report

Structure, Governance and Management

Governing Document

The Church is administered in accordance with the terms of the Unitary Constitution.

Recruitment and Appointment of Trustees

Members of the Kirk Session are the charity trustees. The Kirk Session members are the active Elders of the church and are chosen from those members of the church who are considered to have the appropriate gifts and skills. Elders are ordained for life. The Minister, who is a member of the Kirk Session, is elected by the congregation and inducted by Clèir Eilean Ì Presbytery.

Organisational Structure

The Kirk Session is responsible for regulating the church finances, managing and maintaining church property and overseeing the administration and spiritual affairs of the church and congregation. The Kirk Session has the authority to delegate any or all of these duties to a committee or sub-committee. The Kirk Session, chaired by the minister, meets approximately five times per year. Certain responsibilities are delegated to the Treasurer and the Session Clerk as appropriate.

Objectives and Activities

The Church of Scotland is Trinitarian in doctrine, Reformed in tradition and Presbyterian in polity. It exists to glorify God and to work for the advancement of Christ’s Kingdom throughout the world. As a national Church, it acknowledges a distinctive call and duty to bring the ordinances of religion to the people in every parish of Scotland through a territorial ministry. It co-operates with other Churches and various ecumenical bodies in Scotland and beyond.

Worship: a service of worship is held each Sunday at 10.45am alternately in Kiltarlity church and Kirkhill church, both of which services currently may be accessed live on line by using YouTube. Holy Communion is celebrated at least twice each year.

Minister:

is the current minister.

Education:

Tomnacross primary school children attend for games, crafts, art and music with a Christian content. This provides a service to parents and encourages use and awareness of our church building at Kiltarlity with some of the children participating in church activities.

Kiltarlity and Kirkhill Church of Scotland 2024

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Kiltarlity and Kirkhill Church of Scotland Year End 31st December 2024

Achievements and Performance

Kiltarlity and Kirkhill Church of Scotland 2024

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Kiltarllty and Klrkhlll Church of Scotland Year End 31st December 2024 Financlal Review The principal sources of Income are donations and weekly offerings, income tax recovered thereon and investment income. Offerin85. including donations from weddings and funerals, over the year We￿ £46,251 up by £1,028 wI￿n compared with the previous year. The￿ are 40 people contributing by standing order. Advantage is being taken of the Gift Aid Small tk)nations Scheme. Claim5 for Gift Aid rebate totalling E9.069 were made during the year (covering 20241. Advantaee is taken when applitable of the Listed Places of Worship Grant Scheme for the recovery ofvAT. Reseryes Pollcy The trustees aim to hold cash reserves of at least six months 8eneTal expendit¥Jre. At the year end the church held unrestricted cash funds of £36,266. The localty held Reserve Fund has been des8nated for property maintenance and 8eneral purposes and has been invested in Grofflh units Wlth The Church of Scotland Investors Trust. The locally held Fabric Fund 15 invested panly in Growth units and partly in Income unit5 Wlth the Trust. Funds held on tr)ehalf of the congregation by C of S (ieneral Trustees are shown in ihe Appendix to these accounis and can be applied only to maintenance and repair of the church and manse and related expenditure as approved by the General Trustees. No extraordinary fabr￿ expenditure is anticipated in 202S. Statement of Trustees, Responslbllltles The members of the Kirk Session 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 are responsible for keeping proper accountin8 records which. on request, must reflect the financial position of the Chuich at that time. Thi5 must be done to ensure that the financial statements comply with the Charities and Trustee Investment IScotland} Act 2(K15. the Charities A¢counts15coilandl Re8ulatK)n$ 2LX)6 and the Regulations Anent Congregational Finance approved by the General Assembly of the Church of Scotland in 2￿)7. They are also responsible for safeguarding the assets of the Church and must lake reasonable steps for the prevention èndlor detection of fraud and other irre8ularilie5. Approved by the Trustees and sizned on their behalf on I￿ February 2025 Kiltarlity and Kirkhill Church of Scotland 2024

Kiltarlity and Kirkhill Church of Scotland Year End 31st Decernber 2024 Independent Examinerfs Report to the Trustees of Kiltsrlity & Kirkhill Church of Scotland I report on the accounts ofthe charity for the year ended 31 December 2024. Respective re5ponslbilitles of trustees and examlner The char￿5 tnjstees are responsible for the preparation of the accounts In accordance with the terms of the Charities and Trustee Investment (Scotlandl Act 2LK15 and the Charities Accounts (Scotlandl RegulatK)ns 2006. The charity trustees consider that the audit requiremenl of Regulation 10111 Idl of the Accounts Regulations does not apply. It is my r@s￿nSIbilitY to exarninè the accounts as required under settion 44111 Icl of the Act and to state whether particular matters have come to my attention. Basls of independent examinerfs statement My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotlandl Regulations 2LK16 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 disc105ures ir) the accounts, and seek5 explanations fr(yn the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be requlred in an audit. and consequentty I do not express an audit opinion on the view given by the accounts. Independent examinerfs statement In the course of wny examination. ￿ matter has come to my attention: which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with Section 44111 lal of the 2005 Act and Regulation 4 of the 2CN)6 kcounts Regulations, and to prepare accounts wh￿h accord with the accDuntin8 records and comply with Re8ulation 9 of the 2CM)6 Accounts Re8ulations have not been met. or to which. in my opin￿n, attention should be drawn in order to enable a proper understandin8 of the accounts to be reached. Kiltsrlity and Kirkhill Cl￿rch of Scotland 2024

Kiltarlity and Kirkhill Church of Scotland Year End 31st December 2024

Receipts and Payments Account

Note
Receipts
Donations
3
Activities for Generating Funds
Interest Received
4
Rents from Land & Buildings
5
Investment Income
6
Other Income
7
Payments
Cost of Generating Funds
8
Charitable Activities
8
Surplus / Deficit of Funds
Unrestricted
Funds
2024
£
59,697
-
-
-
595
-
60,291
-
57,681
57,681
2,611
Restricted
Funds
2024
£
-
-
-
-
884
-
884
-
-
-
884
Endowment
Funds
2024
£
-
-
-
-
198
-
198
-
-
-
198
Total
Total
2024
2023
£
£
59,697
66,232
-
-
-
-
-
-
1,677
1,457
-
2,123
61,374
69,812
-
-
57,681
51,749
57,681
51,749
3,693
18,062

Kiltarlity and Kirkhill Church of Scotland 2024

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Kiltarlity and Kirkhlll Church of Scotland Year End 31st December 2024 Statement of Balances Funds 2014 Ful￿$ 2024 rds 2024 Total 2023 2024 B•n & bt balan¢ r?vnpTrI Fund£ 34.761 34.761 32,277 OeslgffotsdF¥nds De￿gnated Reserve f￿nd Accovni 12.256 i.sos 48.523 IZ.256 I.SDS 48.523 12.2$6 297 LC￿ally Held FabrK A(COUfiI 16.7P6 Jfj.77fj 16.7F6 16,776 16.776 1fj.776 E47dowmentlundJ John Matoonakj be9￿eSt Dr Duncan Fraser8equesi Ned Fletcher Bequest Tot#lErtdowment Fur 549 549 1,618 4.748 6,924 1.628 4,748 6.924 1.628 4.748 6.924 Tot41 & (￿￿51% 61￿nce 46,5ZJ J6.775 6.924 12,223 fjB,53Q Oth¢T A•wts Grft Ahs R4ceivab xcountsveappr•vel trrfIheKirkSessw￿OTh 10 Febr￿ry 2025 Kiltarlity and Kirkhill Church of Scotland 2024

Kiltarlity and Kirkhill Church of Scotland Year End 31st December 2024

Notes to the Accounts

1 Trustees' remuneration and related party transactions

No trustee or person related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year.

2 Movement in funds

Unrestricted Funds
General Funds
Designated Funds
Designated Reserve Fund
Guild Account
Total Unrestricted Funds
Restricted Funds
Locally held fabric fund
Endowment Funds
John MacDonald Bequest
Dr Duncan Fraser Bequest
Ned Fletcher Bequest
Transfer from Kiltarlity
Total funds
At
01.01.24
£
32,277
12,256
297
44,830
16,776
549
1,628
4,748
6,924
-
68,530
Receipts
£
60,027
-
1,346
61,374
-
-
-
61,374
Payments
£
57,543
-
138
57,681
-
-
-
57,681
Transfers
£
-
-
-
-
-
-
-
-
-
-
At
31.12.24
£
34,761
12,256
1,505
48,523
16,776
549
1,628
4,748
6,924
-
72,223

Purposes of Designated Funds

Purposes of Endowment funds

Kiltarlity and Kirkhill Church of Scotland 2024

9

Kiltarlity and Kirkhill Church of Scotland Year End 31st December 2024

Notes to the Accounts (contd.)

Note
3 Donations
Free Will Offering (Non gift aid)
Free Will Offering (With gift aid)
Open Plate
General Donations
Special Collections
Weddings & Funerals
Gift Aid Tax recovered
Congregational Organisations
Youth Ministry
Tuesday Coffee Morning
Guild
4 Interest Received
General Fund
5 Rents from Land & Buildings
Rent from Hire of Halls
6 Investment Income
Designated Reserve Fund
Locally Held Fabric Fund
John MacDonald Bequest
Dr Duncan Fraser Bequest
Ned Fletcher Bequest
7 Other Income
Life & Work Subscriptions
VAT Recovered
GT Grant for Removal Expenses
Unrestricted
Funds
2024
£
9,112
30,851
4,549
389
-
1,350
9,069
55,320
2,419
612
1,346
59,697
-
-
-
595
595
-
-
-
-
Restricted
Funds
2024
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
884
884
-
-
-
-
Endowment
Funds
2024
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
51
148
198
-
-
-
-
Total
2024
£
9,112
30,851
4,549
389
-
1,350
9,069
55,320
2,419
612
1,346
59,697
-
-
-
595
884
-
51
148
1,677
-
-
-
-
Total
2023
£
2,500
32,707
4,579
2,227
180
3,030
17,101
62,324
20
3,464
423
66,232
-
-
-
528
752
-
45
131
1,457
85

-
2,038
2,123

Kiltarlity and Kirkhill Church of Scotland 2024

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Kiltarlity and Kirkhill Church of Scotland Year End 31st December 2024

Notes to the Accounts (contd.)

Note
8 Analysis of Payments
Cost of Generating Funds
Offering Envelopes
Charitable Activities
Giving to Grow
8a
Presbytery Dues
Minister's Expenses
Manse Costs
8b
Pulpit Supply
Church Magazine
Licences
Cleaning
Organist Fees
Repairs & Maintenance
Electricity
Telephone & Internet
Insurance
Church Garden
Life & Work
Youth Ministry
8c
Tuesday Coffee Morning
Guild
Other Expenses
8a
Giving to Grow
Allocation
Less - Endowment Income
Less - Transition Funding
8b
Manse Costs
Repairs & Improvements
Council Tax
Telephone
8c
Youth Ministry
General
Youth Group / YLI
Messy Church
Friday Club
Unrestricted
Funds
2024
£
-
-
26,514
583
1,788
4,192
109
-
659
1,480
1,200
2,127
12,413
698
3,484
-
126
1,646
269
138
255
57,681
30,498
2,568
-
1,416
-
26,514
725
2,528
939
4,192
-
1,531
88
27
1,646
Restricted
Funds
2024
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Endowment
Funds
2024
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Total
2024
£
-
-
26,514
583
1,788
4,192
109
-
659
1,480
1,200
2,127
12,413
698
3,484
-
126
1,646
269
138
255
57,681
30,498
2,568
-
1,416
-
26,514
725
2,528
939
4,192
-
1,531
88
27
1,646
Total
2023
£
-
-
22,885
513
1,021
5,551
181
-
621
1,512
1,800
2,400
9,219
496
3,280
423
126
690
617
413
-
51,749
25,480
2,595
-
-
22,885
2,177
2,519
856
5,551
386
160
70
74
690

Kiltarlity and Kirkhill Church of Scotland 2024

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Kiltarlity and Kirkhill Church of Scotland Year End 31st December 2024

Notes to the Accounts (contd.)

9
Collections for Third Parties
Blythswood Care
Highland Hospice
Christian Aid
Mary's Meals
The Vine Trust
Tear Fund
Tomnacross Parent Council
Kirkhill Parent Council
Kirkhill Gala Committee
Mlali Community Trust
2024
2023
354
-
175
310
327
439
264
322
322
127
277
2,917
-

10 Minister's Stipend

All Church of Scotland congregations contribute to the National Stipend Fund which bears the costs of all the Ministers' stipends & employer's contribution for national insurance, pension and housing loan fund. Ministers' stipends are paid in accordance with the national stipend scale, which relates to years of service. For the year under review the minimum stipend was £31,642 & the maximum stipend (in the 5th and subsequent years) £38,884.

11
Investments held
Designated Reserve Fund (Unrestricted)
Reserve fund - 4,404 units C of S Investors Growth Fund
Locally Held Fabric Fund (Restricted)
2,103 units C of S Investors Growth Fund
1,000 units C of S Investors Income Fund
Endowments
John MacDonald Bequest
Dr Duncan Fraser Bequest - 375 C of S Trust Growth Funds
Ned Fletcher Bequest - 1,094 C of S Trust Growth Funds
Cost
12,256
5,853
10,923
16,776
549
1,628
4,748
35,957
Market Value
2024
Market Value
2023
28,098
25,675
13,417
12,260
11,060
10,960
24,477
23,220
-
-
2,393
2,186
6,980
6,378
61,947
57,460

Kiltarlity and Kirkhill Church of Scotland 2024

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Kiltarlity and Kirkhill Church of Scotland Year End 31st December 2024

Funds held on behalf of the Congregation by the Church of Scotland General Trustees

Capital Account
Opening balance held at 1st January at cost
Realised Gain
Closing balance held at 31st December
Market value at 31st December
Revenue Account
Opening balance at 1st January
Rental income
Interest earned
Dividend
Correcting Entry from GTs
Transfer from Capital Account
Administration Costs
Closing balance at 31st December
2024
£
18,950
-
18,950
27,741
27,695
-
1,705
677
-
30,078
85
29,992
2023
£
18,417
534
18,950
26,430
26,000
-
893
840
-
27,734
38
27,695

Kiltarlity and Kirkhill Church of Scotland 2024

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