The Church of Scotland Bainsford Parish Church Falkirk Accounts For the Year Ended st 31 December 2023 Congregation Number: 221345 Charity Number . SC004142 Bainsford Parish Church of Scotland Trustees, Report Year ended 31 December 2027 Trustees, Annual Report The trustces prescnt Ihc annual report and accounts for Bainsford Parish Church of Scotland. Falkirk for the }'ear endld 31 Ilecember 202.). The financi21 slatements hai'e been prepared in accordanc¢ with the accounting policies set out in note I to the accounts and COTnplN ￿1th thc General Assembly Regulations for Coiigregational Finance: the Chariiies and Tnistcc Ini'eslmeni (Scotland) Act ?OOi. the Clwiiies Aecounts (Scorland) Regulations 2006 (as amended) and Aecounting and Reponing hv ChariEAes'. gtalement of Re¢on1m¢nded Practice applicable to charities preparing their accounls in accordance iiith the Financial Reporting Standard applicable in the IJK and Republic of Ireland {FRS102) (effcctiNe l January 2019). Governance and Management The Lon￿regation is a regiSte￿d charity,. Scottish Charity Number SC004L4? adTninisteTed in accordance w'ith the ternis of the Deed of Constilutiun (Unitary Fonn), and subject to the Aets and Regulations of the Cyeneral Assembl>, of ihe Church of Scotland. Recruitment and Appointment of Trustee5 -Iq¢mb¢rs of the Kirk Session are the charity trustees. The Kirk Session member5 are the PaTish minister or the Interim Modcrator, along iTrith the elders of the Lhurch, who are chosen from those meTnbcrs of the congregialioo w'ho are considered ro hai'e appropriate gifts and skills. Org2nisatfionxl Slructure The Kirk Session ￿SpOnSible for both the spiritU' valued and appreciatcd bv th¢ trustees and congrcoation. During the N"ear. 17 t-unerais M-ere cOnd￿Cted. There H'ere no iyeddings dnd no baplisins LonduLled during the year. Pastoral ￿'1S7￿ were carried out to memErrs in theiT homes. Services H'ere condiicted in thc SlILli¢iLd Elousing c4)mplex. BaiDsford Parish Chureh of Seolland Trustees, Report (continued) For Year Ending 31 December 21111 Achiei'emenls and Perforni8nce (continued) F'alkirk Council rules regarding i'isitor5 to sch(Kils wcrc rclaxcd. si I '.ia% able to i?isit Bainslord Prim(4ry' SLliool: l.anglees Primarb. School: carrongr￿ge High School (AodiiiutLal .b'upport for l.eaming) and Falkirk Iligh 8Lhool. Hi also serl'es as chaplain to 8th Falk"irk Bo￿5 Brigade CompanTr, and 8th balkirk Girls Brinade Company. Scrn'iccs ￿erc hcld cach Sundtij, M'ith Rcaular posts ti) the Chiirch's Faccboi'.I I.: L. edding Worship whLI .qs unaiiailable. Thc eongrLTr(Fation continued to gFjN'e generous support to charilies. includinLF food and a cash rollcciion which as LIondLed to Falkirk FoodbanL and 80 shoeboxe8 were seni io BlvthswDod Caie in respon* to Iheir annual appeal for Christmas gifts for need). children. The Kirk Session continues to be concerned ￿ the increasing a(ycing of tbe congregation. A nun)ber of rnembers. health deteriorated, oihcr5 dJ¢d. as a result: attendance at s¢Th'ices fell throughout the N'car. Sen,"ices coniinued to be Trideo-recorded and uploaded 10 YouTube for those ￿,hO ￿'ere unable or Uni￿1111ng to aitend. Both Bo)'s' Brigade and Girls, Brigade are nonnally well-attended. No Breakfasi Clubs look place. Organisations 8tli Falkirk Bvvb, Brigade 8tli Falkirk Girls, Brigade Ladic8 Cjroup Caring Group (w'hich gends cards lo members. ￿,hO are houscbound, ill. or bereaved) Presbytery P12n The Prcsbylery Plan was scrapped following the General Assembl>'. and Presbvtery started to prepare for the lission Planning Act, thich requires lo have a plan b)" the end of 2022. However: ditTiculties in other areas of ihc Pr¢sbkter¥' haN'e prei'ented a plan from being finalised. Bainsford haK'e continued lo be involved in talks towards incorporation into the Local ELumenical Partnership with our neighbours in Grahamston. Bainsford Parish Church of Scotland Trustees, Report (continued) "or Year Ending 31 December 2023 Finaneial Revie The principal source of income is weck-ly" offerings. For the yeaT ended 31 December •02i there has been a decre&8e nf 12.212 in reoular offerinos compared with offcring% tor the Near ended 31 DcL¢mbcr ?02? This can be direcilv attributed to the loss durintT thc ycar of sei.'eral members w'ho M'ere regular giNers. Heating & ljtshting costs in the year were £".486. The Manse is let 'iih substantial benefit to the Congregation from both reni receiiied and council tax sai'ed. Investments The church holds investm¢nts ￿lIh The Church of Scotland kni'estors Trust. In line with the stock markct these increased in value b). £i.:5(I during the y.ear. The lrnstees are content with the relurn on their investments. ReserTres Policy It has preNiously been the trusLees' polic). 10 hold a General Reservc Fund made up of accumulated surpluses ot- income O￿tr cxpendilure. In preparatton for the forthcoming Incorporation into Grahamston Ilnited C.hiircli the Kirk Session took the dccision to create a De.%ignated Missivn Fund accordingly transferred £ l 00,000 to this fund. Al J l December ?023, the General Resen'e Fund shoivs a dLficil ol'LL._ ". 67 The congregation also held £17,448 E'bndowment Funds. and Restricied funds of i41)0 which are for the purposes specifi¢d in note 14.111 addition, there are funds held bv the Church of Scot12nd General Trustees on behalf of thc congrcgatiot4 &5 set OUL iii the Appendix lo ihe accounts. Trustees who served I'o da¢e of signing". Trn$tee5 who $ened for part of the lear onlv: Principal oifi¢e-bearers Church TreasuTeT: 'acant Group of 3 elders and l other Bainsford Parish Church of SeotlAnd Trustees, Report (continued) For l'ear Ending 31 December 2V73 Reference and Administratis'e Information Charity Name: Bainsford Parish Church, Faikirk Charity Registrdtion Number: SC004142 Congre¥aiion Reference Number.. 221345 Coniact Address: Independent Examiner: l i()r.i%ii-.i (111)PLr 3 Castle Court C'.amegie c.ampus Dunfetmline KYI I RP14 Banker: Bank of Scotland 138-140 High Strttl Falkirk FKI INR Trustees, Responsibilities in Relation to the Financial ,St*ternents The ehariti, trustees are respon51ble for preparing a 'frustees' Annual Report and financial statements in accordance with appltcable la￿ and Unilcd Kingdom Accounting Standards (Unitcd Kingdom Generally Accepted Accounting Practice). The law applicable to Gharities in Scoiland requires the charity" t￿￿tCe5 to prepare financial statemeiits for cach J'ear NN'hich ghow. a true and fair k'iew of the blate of affairs of the chariti. and of the illcoming resources and application of resources, of the ch2ritv for thal period. In preparing the financial statements, Ihe trustees are required to.. Sel¢ci suilable accounting policies and Ihen appl!. thctn consistenilv. Obsen'e the method and principles in the applicable Charirics SORP. Mak'e judgTemenls gnd estimates that are reasonable and prudent. Stale wheiher applicable aeeounting standards and statements of recomni¢nd¢d prdclice ha￿e been folloi¥'cd, subjeci to any departures disclosed and explailled in Ihe financial statements. I)repa￿ the tinancial slaternents on the goinq conc¢rn b(￿ls unless it is inappropIiate to presume Ihe Lhdrits. ￿,111 continue in operational existence. The trustees are responsible for keeping proper accounting records that disclose with rcasonable accuracy at aiiv linic Ih¥ findllLial posilion of the charity and enable them to ensure that the financial siat¢ment5 comply 'iih rhc Charities and Tru%tee Ini'estmenl (Scotlaiid) .4ct 2005 and the ch￿tieS Accounts (Scotland) Regulation5 2006 (as ￿llended). Th¢y aic dlso responsible for safeguarding the asscts of the charitv and hence for taking reasonable stCP5 for the prei'ention and detection of fraud alld oth¢r irregularilies. Bainsford Parish Churth of Seotland Tru.stees' Rep()rt (continued) For Tr"ear Ending 31 D¢cember 2023 The irustees are responsible for the rnaintenance and int¢.(ryiry of the charits" and financial inforniation on the ¥oiigrE¥aliun s H'ebbltv. Legislaliun in thc Llnilcd Kin&Fdurn &ioN"¢rning the preparation and disseniination of financial statctncnt5 mav diffcr from Icgislation in oth¢r juri.sdictions. th Approved by the tNStccs on 13 March 2025 and signed on their behalf. Bainsford Parish Church of Scotland IDd¢pendent Examiner's Report to the Trustees of Bainsford Parish Chllrch Year ended 31 December 2023 I report on the accounts of the charity for the vear ended 31 Decembei 2023 which alr sct out on pagc5 8 10 18. Respeetii'e responsibilities of trustees and examiner The chartty" s trustees arc rcsponsible for the Preparation of the ￿cOUnts in accordance ￿1th the iernis of thc Charities and Trnslce Inl'estment (Scotland) Acl 2005 and thc Charities Accounts (Scotland) Regulalions 2006 (as amendcd). -rhe charitl truslees consider that ihe aiidit reqU1￿ment of RciTrulation 10(1) (a) lo (c) of ihe Accounts Regulations does not apply. It is mi- rcspollsibtlilv io cwine the accounts as required undcr Section 44(1) (c) of the Act and to state ￿,he1her particular mattcrs hai'c come lo mi, atieiition. Basis of independent eigminer's statement My" examinalLOLi is carried out in accordance with Regulation 11 of thc Charities Accounts (Scotland} Regulaiion5 2U06 (as amended). An e.xamination includes a rek'iew of thc accounting recDrds kept by ihc lh￿tY and a comparison of the accounts presented i*ith those records. It also includes consideration of any unu.%ual ilems or disclosures in the aeeounls and seeks explanations from the trustees conceriillig aIi! buLh matters. The procedures undertaken do not proi'ide all the ei'idence that would be required ii) an audit: and consequentlv I do noi express an audii opinion on the I'le￿ given b), the accounts. Independellt exwminer's statement Iii the Luuf5e of m5. exatnination. no matter has Come to Tn!, attention which gives me reasonable cause to believ¢ that in any tnaierial respect the requircments: to keep 2ccounting records in accordance iwith Section 44(1 } (a) of the 200) Act and Regulation 4 of the 2006 ,4c¢ounts Regulalions (as ￿ellded). and to prepare accounts Th'hich accord Hryth the accounting records and Compl￿ Mith Regulation 8 of the 2006 Accounts Regulation9 (8$ 8mellded) hal'e not been met. or to ￿'hiCh, in my opinion, attention should be drawn in order to enablc a proper understanding of the accounts tii Lil i-LLILlTrid. C. Cl "Thi)Tn50n CoopLr 3 Casile Court Camegie Campus Diinferniline KYII 8PB 14, m(￿Lh 2025 Of40 QL)0# Bainsford PArish Church of S¢otlaDd Bal*nee Sheet Year ended 31 December 20J? Totsl Funds Total Funds Unrestrided Resirleted Funds Futtd5 Endowment Funds Fixed Assets: Invttsiment5 44.057 40.808 40.808 Total Fixtd Assets 44.057 Current Assets Debtors 3.747 144.980 3,747 158 780 4.823 Cash at bank tmd iD hand 400 159.901 Totsl Curr¢nt.4s$ets 148.726 401 13,401 162.527 164,724 LiabilitlC5 Crediiots falling du¢ within one )'ear 7.616 7,616 4.297 Net Curr¥nt Assets 400 13,401 154,911 160,427 Creditors falling due afteT more than one ear Net Assets 57.458 ?01.235 The flind$ of the chsritv: Enduwment funds ResiTr¢ted inc0￿e fimds Unrestricted incorn¢ funds 14 57.458 57,458 400 i2.000 395 141,110 148.840 Total charity funds 14 141 110 400 57,458 198.968 201,235 The a¢coullts were approved by Ihe trusLees on 13 Match 2095 and stgned on theÈr behalf b>.: Bainsford Parish Church of Scotland Statement of Cash FloiTrs Year Ended 31 Deeember 2023 Note 2023 2U22 Cash flows from operating activities Nel cash provided by operatittg activities 16 1.121 5,211 Change in cash and cash equivalents in the year (1,121) (5,211) Cash and cash ¢quivalents at the beginning of the year 159.901 165,112 Cash and cash equivalents at the end of the year 158,780 159,901 io Bainsford Parish Church of Scotland Notes forming part of the financial State￿entS Year ended 31 December ?02? Accounting Policies Basis of Preparation The financial statements have b¢en prepared in a¢cordatEce with Accounting and Reporting b) Charities.. Statement of Recommended Practice appli¢able to charities pr¢paring thcir accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102) (effective l January 2019), the Charities artd Truslee Iiivestment (Scoiland) Act 2005 and the Ch2rities Accounts (Scotland) Regulations 2006 (as amended). Fund Aecollnting Funds are classified as either restricted funds or unrestrict¢d fund8 defined as follows. Reslri¢ted Funds are ￿ndS subject to specifie requirements as to th¢ir use M,hich tnay be declared by the donor or with their authority or creaied through legal processes. but still within the wider objects of the charity. Endoil'ment funds are funds which have been given on the condition that the original ￿pital sum is not reduced, but the income th¢r¢ from is used for th¢ purpose defined in accordance with the objccts of the charity. Unr¢siricted funds are expendable at the discreTion ofihe trustees in furtherance of the objects of the charity. If parts of the unr¢5tricted are eam)arked al the discretion of th¢ trustees for a particular purwse, thev are designated as a separate fund. This designation has an administraiii'¢ purpose onlv and docs not legall)." rc5trict the trustees. discrction to appl), the fLind. Ineome All income is reco(Fnised in the yearto which il relate4 when there is sU￿1clent evidence to provide the n￿eSSary certainty that th¢ income will be received, and the value of Ihc incoming r¢sources can be measured with sutTicienl reliability. Doiiations and gifts in kind are broEi8ht into the accounis ai their market value io the charity. Expenditure Expenditure is recognised on an accruals basis as the liability is incurred. Charitable expenditure comprises these costs incurred by the Chariry in the delivery of its activities and services for its benefi¢iari¢s. It includes both costs that can be alllxated dircctly to such activities and those costs of an indirect nature necessary to supp)rt them. Gov¢rnance costs include thos¢ costs associated w'ith meetino the constitutional and statutory requirement5 Of the charity and iiiclude the examiner s fees and costs linked to the stra(¢gi¢ management of the charity. Tangible Fixed Assets Th¢ Charity lias the right lo occupy and use for Tts charitable objects certain tangible fixed assets. ineluding the Chur¢h. halls and tnanse, vested in the Church of Scoiland General Trnstees. No consideration is payable for the use of these assets. Expenditure incurred on the repair and maintenance of these assets is charged as resource5 expended in the Statement of finattcial activilies in the periiKI in which the liability arises. InTrestments Fixed asset investments are stated at market Tralue al the balance sheet date. Unrealised gains and losses represent the differ¢nc¢ between th¢ value at the beginning and end of ihe financial year or, if purchased in the year, the difference between cost and market value at the end of the >'ear. Realised gairks and losses rcpresent the difference between the pFoc¢¢ds on disposal and the market valu¢ at th¢ Start of the year or ci)st if purchas￿ in the year. Taxation Bainsford Parish Church of Scotland, Falkirk is recognised as a charity forthe purpose5 of applicable t&xation legislation and is iherefore not subject to taxatiott on its charitable activitt¢s. The charity is not regisiered for VAT and resources expended therefore tnclude irrecovetable input VAT. QO mc rt¢OV> CCP- e4e**n 4OthOr4<> Bainsford Parish Church of Scotland Notes forming part of the financial statements for the year ended 31 December 202.3 Staff costs and numbers Bainsford Parish Church of S¢oiland. Falktrk doe5 not employ any staff. All Church of Scotland congregations contribute tothe National Stipend Fund which bears the costs of all rninisters, stipends and employevs contribuiions for national insurdnce. pension and hou5Èng and loan fund. Ministers. stipends are paid in accordance M'ith the nation81 stipend scale. which is ￿lated 10 years of setvice. For the year under review, the minimuTn stipend wos £30. IJ) and the Tnaximum stipend (in the tenth and subsequent year5) t37.03? Trusttt Rernuneration and Relattd Party TrnDsactioTrs No truste¢s received reimburseTrt¢nt of expenses during the year. Cleaning of the Church and Hall continues io be carried out by a cleaning company owned by one of the trnstees. and the sum paid to this company was £1,589 During the year, a total of £5*02 was donated by trustees. Investments ?023 202• Market value at: 31 December 20?2 Unrealised (loss} I gain on investments Market value at-. 31 December 20?. 40,808 3,250 44,057 45,644 4,836 40,808 Investments at cost 21.733 The following inve5tsneTtts are held.. Numbtr of Shsres Cost Price Value 3111?123 Value 3111212* GroMih Fund Endowtnent B¢ntYolcnt & D¢acons' Coun Fund 8(K) 1.732 4,664 4,320 Music, Organ, Church & Hall Maintenance 6,757 20.IM)I 21,733 39.393 36,488 44,057 14 Bainsford Parish Church of Scotland Notes forming part of the financial stateRnents for the year ended 31 December 2023 10 Debtors 202_1 •0?2 Gift Aid Tax Refund Due 3.747 4,823 I I Creditors 2023 2022 Accrnals 7.616 4,297 4,297 7,616 12 Analysi5 of Net Assets Ajnong Funds General De5igDated Restrieied Endowment Total Investments CuTheni Ags¢tS Current Liabiliiies 44,057 13.401 44,057 162,527 7.616 48,247 100,479 400 7.616 Net assets at 31 tk¢ 20?- 40.631 I[￿,479 400 198.968 General Designated Restricted EDd0wm¢￿t Total Inv¢stments 40,808 11,192 40.808 164,724 4,297 201,235 Cuffeni Assets 152.658 479 395 Current Liabilities 4297 Net assets at 31 Dec 10 148.361 479 395 52,0(K) 13 Volunteers In common with all congregations of the Church of Scotland the congregatton benefits from the contribution made by volunteers who give their lime and talents willinglv for Éhe benefit of the Church. The are95 of congregational life whirli rely on the contribution of volunteer5 are many and varied and much of the activity would be unable to continue M'ere it not for the commitment shown. 15 Bainsford Parish Church of Scotl2nd Notes fonning part of the finaneial statements for tbe year ended 31 December 2023 14 Movemellts in Funds At: 31 December JaNuarv ?073 coming Resource5 Outgofittg Resou￿eS RevAluation Tr2v5fers 2023 Endowment funds Gabriel Blane Fund (Revenue} Gabriel Blane Fund {Capital) Church of Scotland Inve5thieni TTUSt 8,489 811 (222) 9,078 39225 ,529 3,250 44.004 4.376 57,458 222 3,250 Restrictèd fund$ Life and Work B¢neyolent Fund (121) 121 400 400 395 121 Unrestricted funds General Fund Fabric Fund Caring Group Mission Fund 148.737 27.823 (25,321) (104,2321 47.007 103 103 94,000 6.000 l(H),000 148.840 27.823 {35,4i21 Total fund$ 201 30 35.775 198.968 05es of Endowmen Funds To provide income for the music and fabric of the church. This is generated from the interest received from the Gabriel Blane Memorial Fund and 8lso the Consolidated Fabri¢ Fw)d. oses of Restricted Funds To provide income for the Benevolent Fund. The Ben¢volellt Fund is fvnded from the int¢rcsr incom¢ generdied froTll Mrs. Garnock's Trust. 05¢5 of Unrestricted Funds To provide incorne for the genernl day to day running of the church. Interest from the following trust fund$ Is credited to the fabric ￿nd- Mr. M¢Nair's Trust Fund Miss Geniles Bequest Miss Stew'art Memorial Fund Mr. Jam¢5 Young Memorial Fund 16 Bainsford Parish Church of Scotland Notes forming part of the financial statements for the vear ended 31 De¢en)ber 2023 Is Collection5 for Third Partie5 ?023 Falkirk Foodbank Blythswood Care Pakistsn Flood Appeal Ukraine Appeal 250 145 308 299 250 752 16 Reconciliation of net ￿0Vement in funds to llel cash flow from operdtiDg activities 2023 20?? Net rnoyemeni in funds for the reportino period l& per the siatemeni of financial activities) (2267) (9,023) Adjustments fo￿. Unrealised gain l {loss} on inve5thJents (Increase) l D￿rease in Debtors Increase l {Deer￿¢) in Credilors (3,250) 1,077 3,319 4,836 (3,869) 2,845 5.211 17 BAINSFORD PAIUSH CHURCH OF SCOTLAND APPENDIX FUNDS HELD ON BEHALF OF THE CONGREGATION B Y THE CHURCH OF SCOTLAND GENERAL TRUSTEES 2023 20!2 CAPITAL ACCOUNT Credit Balances h¢ld at.. 31 December 2023 at cost 22.191 22,191 Market Value of Balances at". 31 tkcember 2023 31.699 28,244 REVENUE ACCOUNT Credit Balan¢e at.. 31 Decetnb¢r 2023 17,116 15,810 TEMPORARY ACCOUNT Debit B8lanr¢ at.. 31 DeCem￿r 2023 62 61 18