Grantully, Logierait & Strathtay Church of Scotland
for Year ended 31st December 2024
Congregation No: 271614 Scottish Charity No: SC 004275
Grantully, Logierait & Strathtay Church of Scotland Trustees' Annual Report Year ended 31 December 2024
The Trustees present the annual report and accounts for Grantully Logierait & Strathtay Church of Scotland.
Reference and Administrative Information
Charity Name: Charity Registration Number: SC 004275 Congregation Reference No: 271614 Contact Address:
Grantully, Logierait & Strathtay Church of Scotland
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Trustees
Kirk Session
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Board Members
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Independent Examiners:
Bankers:
Bank of Scotland, Aberfeldy Branch c/o Pitlochry Branch 76 Atholl Road Pitlochry PH16 5BW
Page 1 of 10
Grantully, Logierait & Strathtay Church of Scotland Trustees' Annual Report Year ended 31 December 2024
Structure, Governance & Management
Governing Document
The Church is administered in accordance with the terms of the Deed of Model Constitution.
Recruitment & 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 and are chosen from those members of the church who are considered to have the appropriate gifts and skills. 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 next Stated Annual Meeting. One of our long serving elders, Duncan Robertson, passed away. Also in 2024, after many years of committed service, Frances Davidson, Mary Kenney and Myra Williamson, stepped down from the Board. We express our gratitude to all of them for their strong support and guidance. We were fortunate to be able to appoint new Board members and Audrey Milne, Robert Banner and Adrienne Stewart joined the Board in June.
Purpose
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 in various ecumenical bodies in Scotland and beyond.
Organisational Structure
The Congregational Board is normally chaired by the minister and meets as often as required, typically six times in a year. Certain responsibilities are delegated to the Finance Committee and the Fabric Committee as appropriate. The Kirk Session which also meets as often as required, again typically six times a year, is responsible for spiritual affairs within the Church.
Objectives & Activities
The Church enjoyed regular in person worship this year led by our Minister, , supplemented by very able and thoughtful pulpit support. Communion was celebrated in both sanctuaries as well as Harvest Thanksgiving and Remembrance. We were pleased to welcome a small number of children to our worship on several sundays throughout the year and to host the local primary school Christmas service in December. We very much enjoyed hosting a full church for linkage services as well as joining together with the other churches in the Linkage for a joint service on the first Sunday of each month. We also joined with the Episcopal congregation of St. Andrews, Strathtay on all "fifth" Sundays in the year and joined with all the churches in the community for our re-instated annual service at St Mary's. In person Session and Board meetings were held regularly as also the Finance and Fabric Committees. As we enter 2025 our focus turns to our church at Logierait and the development of our plans for the building, including the improvement to access and the establishment of a Pilgrim Way, a project which we hope will involve the churches and the community of the Upper Tay valley from Fortingall to Dunkeld, building strong links across the wider community, celebrating the religious history of the area.
The activities of the various groups (Guild, Coffee Group and Quilters) continue. Links with the Primary Schools were maintained as was support for care homes and health services, local, national and international charities. Fundraising projects were well supported, as well as special collections for others and we continue to look for future opportunities.
Page 2 of 10
Grantully, Logierait & Strathtay Church of Scotland Trustees' Annual Report (cont.) Year ended 31 December 2024
Achievements & Performance
In 2024, we continued successfully to alternate services monthly between Logierait & Strathay. At the end of the year our congregational roll was 116. Average weekly attendance of 32 was achieved with a number of our congregation continuing to make use of on line worship offerings started across the Linkage during COVID. With the support of Historic Environment Scotland the annual service at St Mary's Pitcairn was held again in 2024 with strong attendance from across all churches in the Upper Tay community.
A variety of fundraising and social activities were held for the benefit of the wider community. The Church successfully hosted a Sausage Sunday, celebrating the refurbishment on the John Kyd Hall, and were pleased to welcome , , who gifted the Hall to the Church. The Church also supported the Grandtully & Strathtay gala serving afternoon teas in the sunshine, and celebrated the advent of Christmas with a well attended and participative carol concert in the John Kyd Hall. Our fundraising during the year was further advanced by our well established sponsored walk and a week operating the Aberfeldy Thrift shop, which gave us a great opportunity to engage with the wider community involving all of our congregation. Members of the congregation also supported the wider linkage efforts for Upper Tay Anti Poverty Support Group and Parkfest for school age children. During the year members of our Board & Session completed Safeguarding training facilitated by the Presbytery.
Financial Review
Once again our principal regular source of income of £22,964 is through voluntary offerings, of which regular gift aid donations of £12,387 make up 54%, an increase of 3% on the previous year, with a further £4,419 added from tax reclaimed. Open Plate and Weekly Freewill Offerings totalled £3,636 down on 2023 but in line with 2022. Other donations also increased at £1,162 and Weddings and Funerals provided £1,280. Fundraising Events achieved income of £5,705, reflecting efforts and contributions from individuals, church groups and the wider membership. Collections within our Parish for other charities amounted to £1,306. Church group activities contributed £449 to income.
Our total incoming resources for 2024 were £62,682 with total resources expended of £66,621 giving a deficit for the year of £3,939.Increases in our costs this year were driven principally by refurbishment works at the John Kyd Hall, a key part of our plan to maintain "A" status for the Strathtay Church. The first part of 2024 saw signfcant work to upgrade the access, toilet and kitchen facilities, as well as refurbishing the Main Hall to create a more useful and welcoming space for our church groups to meet. Of our total fabric costs of £27,340, £25,000 was spent on the upgrade to the John Kyd Hall. This included a full refresh of the external paintwork. Further costs of £1,690 were incurred to remediate and make watertight the roof at Logierait and work was started on the guttering at Strathtay Church. Our linkage costs also increased this year as overdue maintenance work was started on the Manse in Aberfeldy. We expect, and have budgetted for, further work in 2025 as the Linkage seeks to catch up with maintenance spend deferred over the COVID period. Funds to support our maintenance and refurbishment costs were drawn from our CFF Income Account, which continues to collect the rental income from the Strathtay Manse and provides us with a steady income stream to cover fabric, heat and light costs.
Our share portfolio contributed gross investment income of £10,859 up 26% on last years figure of £8,595. The market valuation of our investment portfolios grew by £11,700 or 4.2% to £287,706 while our current assets including funds held on deposit with GT Trustees totalled £27,888, giving a total value for our assets of £315,594, an increase of 3.75% on 2023. Our Evelyn portfolio is managed on a fully discretionary basis and during the year our fund managers realised and reinvested on a selective basis to maintain performance in our portfolio.
The Trustees are of the opinion that the membership generates sufficient income, together with our investment portfolio income, to meet our new Giving to Grow allocation within the Linkage. However we rely on the revenue from the continued rental of the Manse to create funds for our Consolidated Fabric Fund to meet ongoing heat light and repair costs. Costs for the repair and renewal of our church buildings are an unknown element and we may have to look to our reserves to cover this in the future.
Reserves Policy
We hold investments with the Church of Scotland Investors Trust in Edinburgh and with Evelyn Partners, our Investment Managers. The investment objectives are to build a firm and stable financial infrastructure to enable the continuance of our work.
The Trustees have a policy to hold sufficient reserves as the income from this helps to reduce the burden of increasing running costs to our Membership. At the year end the Church held unrestricted and designated funds of £203,706. The Church also held £111,888 of restricted funds which have been provided for the purposes specified.
Page 3 of 10
Grantully, Logierait & Strathtay Church of Scotland Trustees' Annual Report (cont.) Year ended 31 December 2024
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 disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees and signed on their behalf,
Date - 16th March 2025
Page 4 of 10
Grantully, Logierait & Strathtay Church of Scotland SC 004275
Report of the Independent Examiners
We report on the Accounts of the Charity for the year ended 31st December 2024 as set out in pages 01 to 10
Respective responsibilities of trustees and examiner
The Charity Trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustees investment(Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The Charity trustees consider that the Audit requirement of Regulation 10 (1) (d) of the Accounts Regulation does not apply. It is our responsibility to examine the accounts as required under section 44 (1) (c) of the Act and to state whether particular matters have come to our attention.
Basis of independent examiners' statement
Our examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 and 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 seeking 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 we do not express an audit opinion on the accounts.
Independent examiners' statement
In the course of our examination of the statement of accounts for the year ended 31 December 2024, no matter has come to our attention:-
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which gives us reasonable cause to believe that in any material respect:
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accounting records have not been kept in accordance with Section 44 (l) (a) of the Charities and Trustee Investments (Scotland) Act 2005 and Regulation 4 of The Charities Accounts (Scotland) Regulations 2006
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the accounts do not accord with those records
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the statement of accounts do not comply with any of the requirements of Regulation 8 of The Charities Accounts (Scotland) Regulations 2006
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to which, in our opinion, attention should be drawn in order to enable a proper understanding of the
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- accounts to be reached
Page 5 of 10
Grantully, Logierait & Strathtay Church of Scotland Receipts & Payments Account Year ended 31 December 2024
| Note Receipts Donations & Voluntary Income 3 Legacies Fundraising Events 4 Special Collections 5 Consolidated Fabric Fund 6 Investment Income Deposit Interest Grants 7 Sale of Shares net Other Income Total Receipts Payments 8 Cost of Generating Funds Charitable Activities Governance Costs Other Payments Total Payments Transfers between Funds Surplus / (Deficit) Surplus / (Deficit) |
Unrestricted Funds 2024 22,964 0 5,705 1,306 21,899 10,359 0 0 0 0 62,233 1,415 65,006 60 0 66,481 (4,248) 0 (4,248) |
Restricted Funds 2024 0 0 449 0 0 0 0 0 0 0 449 0 140 0 0 140 309 0 309 |
2024 22,964 0 6,154 1,306 21,899 10,359 0 0 0 0 62,682 1,415 65,146 60 0 66,621 (3,939) 0 (3,939) Total |
2023 22,246 0 6,795 1,144 20,203 8,595 0 0 8 1,319 Total |
|---|---|---|---|---|
| 60,311 | ||||
| 2,062 58,958 60 0 |
||||
| 61,080 | ||||
| (770) 0 |
||||
| (770) |
Page 6 of 10
Grantully, Logierait & Strathtay Church of Scotland Statement of Balances as at 31 December 2024
| Bank & Deposit Balances Balances b/fwd Movement in year: Surplus / (Deficit) Sales of Investments Purchase of Investments Balances c/fwd Investments at Market Value Balances b/fwd Transfers Between Funds Movement in year: Disposals Additions Gain / (Loss) on Revaluation Balances c/fwd Total Assets Funds General Fabric Special Fabric Trusts Church Groups Hardship Funds Total Funds |
Unrestricted Funds 2024 (13,113) (4,248) 8,299 (4,639) (13,701) 214,055 (350) 213,705 (8,299) 4,639 7,362 217,407 203,706 203,706 0 0 0 0 0 203,706 |
Restricted Funds 2024 41,280 309 0 0 41,589 61,951 350 62,301 0 0 7,998 70,299 111,888 0 94,249 11,240 5,155 1,001 244 111,888 |
28,167 35,647 (3,939) (770) 8,299 77,496 (4,639) (84,206) 27,887.88 28,166.8 276,006 260,463 0 0 276,006 260,463 (8,299) (77,496) 4,639 84,206 15,360 8,832 287,706 276,006 315,594 304,172 203,706 200,942 94,249 87,090 11,240 10,845 5,155 4,710 1,001 342 244 244 315,594 304,172 Total 2024 2023 |
28,167 35,647 (3,939) (770) 8,299 77,496 (4,639) (84,206) 27,887.88 28,166.8 276,006 260,463 0 0 276,006 260,463 (8,299) (77,496) 4,639 84,206 15,360 8,832 287,706 276,006 315,594 304,172 203,706 200,942 94,249 87,090 11,240 10,845 5,155 4,710 1,001 342 244 244 315,594 304,172 Total 2024 2023 |
|---|---|---|---|---|
| 28,166.8 | ||||
| 260,463 0 |
||||
| 260,463 (77,496) 84,206 8,832 |
||||
| 276,006 | ||||
| 304,172 | ||||
| 200,942 87,090 10,845 4,710 342 244 |
||||
| 304,172 |
The accounts were approved by the Kirk Session / Congregational Board on 16th March 2025 For and on behalf of the Kirk Session / Congregational Board
Page 7 of 10
Grantully, Logierait & Strathtay Church of Scotland Notes forming part of the financial statements for the year ended 31 December 2024
1 Trustee Remuneration and Related Party Transactions
During the year 2 trustees received reimbursement of expenses totalling £2,496, which were properly incurred in the activities of the charity.In addition, , the Session Clerk, received £200 for the provision of his services as an organist during the year.
| 2 Movements in Funds Unrestricted Funds General Restricted Funds Fabric Special Fabric Trust Fund Church Groups Hardship Funds Total Funds |
1st Jan '24 £ 200,942 87,090 10,845 4,710 342 244 103,231 304,172 |
Incoming Resources £ 62,233 0 0 0 449 0 449 62,682 |
Outgoing Resources £ (66,481) 0 0 0 (140) 0 (140) (66,621) |
Transfers £ (350) 0 0 0 350 0 350 0 |
Gain / (Loss) on Revaluation £ 7,362 7,159 395 444 0 0 7,998 15,360 |
31st Dec '24 £ 203,706 |
|---|---|---|---|---|---|---|
| 94,249 11,240 5,155 1,001 244 |
||||||
| 111,888 | ||||||
| 315,594 |
Purpose of Restricted Funds
Fabric Fund - is a fund made up of a collection of bequests from parishioners together with the bequest from the Eastertyre Trust. The income from these funds reinvests in the fund and both capital and income are reserved for fabric purposes.
Special Fund - is a fund made up of bequests from parishioners for the purpose of Psalmody, Organ and Sunday Club. . The income from these funds can be used should general funds not cover the general expenditure of the designated activities.
Fabric Trust Fund - comprises the Mary Gordon Robinson Trust together with Lady Hester Stewart Bequest. The income from these funds reinvests in the fund and both capital and income are reserved for fabric purposes.
Church Groups - t hese funds are restricted for the activities of our affiliated Church Groups, namely Guild and Quilters Group.
Unrestricted Funds
General Funds include a deposit in the sum of £1,000 with Perth & Kinross Credit Union.
| 3 Donations & Voluntary Income WFO:Incl Gift Aid Gift Aid Gift Aid Tax Recovery Open Plate Donations Weddings & Funerals Legacies |
Unrestricted 1,183 12,387 4,419 2,533 1,162 1,280 0 22,964 |
Restricted 0 0 0 0 0 0 0 0 |
2024 1,183 12,387 4,419 2,533 1,162 1,280 0 22,964 |
2023 +/- 1,543 (23%) 11,979 +3.4% 4,184 +5.6% 2,876 (12%) 840 +38% 825 +55% 0 +0.0% 22,246 +3.2% |
|---|---|---|---|---|
Page 8 of 10
Grantully, Logierait & Strathtay Church of Scotland Notes forming part of the financial statements for the year ended 31 December 2024
| Notes Note Unrestricted Restricted 4 Fundraising Events Sundry Income 0 0 Fund-Raising Events 5,705 0 Life & Work 0 0 Church Groups Quilters Group 0 150 The Guild 0 299 5,705 449 5 Special Collections for Third Parties Tayside Mountain Rescue (from Coffee Group) 70 0 Christian Aid 360 0 Christian Aid (St Mary's Service) 0 0 RSABI (Coffee Group) 100 0 Christian Aid (Earthquake Turkey/Syria) 0 0 Crossreach (Perth Prison) (Coffee Group 0 0 Air Ambulance (Coffee Group) 100 0 Dogs Trust (Coffee Group) 0 0 Marie Curie 0 0 Tearfund 225 0 Aberfeldy PC Foodshare 116 0 Poppy Scotland 125 0 Breadalbane & District Riding for the DIsabled 100 0 Shelter Scotland 110 0 RNLI 0 0 Total of Special Collections 1,306 0 6 Consolidated Fabric Fund Drawings Energy Costs 0 0 Insurances 0 0 Fabric Repairs & Maintenance 21,899 0 21,899 0 7 Grants received (all Restricted) CORRA Winter Hardship Fund 0 0 CORRA Foundation Household Hardship Fund 0 0 0 0 8 Payments Costs of Generating Funds Fundraising costs 160 0 Investment Managers' Fees 1,255 0 1,415 0 Charitable Activities Giving to Grow 21,437 0 Presbytery Dues 702 0 Travelling Expenses 594 0 Pulpit Supply 200 0 Fabric Repairs & Maintenance 27,340 0 Heat & Light 4,157 0 Insurance 3,284 0 Organist 1,720 0 Professional Fees 510 0 Special Collections Remitted 1,356 0 Charitable Activities Grants 0 0 Printing Costs 0 0 Digital Expenses 491 0 Linkage Expenditure 9 3,062 0 Miscellaneous Expenses 153 0 Church Groups Quilters Group 0 0 The Guild 0 140 65,006 140 Governance Cost Independent Examiner's Fees 60 0 Other Payments Purchase of Investments 0 0 0 0 2024 |
Notes Note Unrestricted Restricted 4 Fundraising Events Sundry Income 0 0 Fund-Raising Events 5,705 0 Life & Work 0 0 Church Groups Quilters Group 0 150 The Guild 0 299 5,705 449 5 Special Collections for Third Parties Tayside Mountain Rescue (from Coffee Group) 70 0 Christian Aid 360 0 Christian Aid (St Mary's Service) 0 0 RSABI (Coffee Group) 100 0 Christian Aid (Earthquake Turkey/Syria) 0 0 Crossreach (Perth Prison) (Coffee Group 0 0 Air Ambulance (Coffee Group) 100 0 Dogs Trust (Coffee Group) 0 0 Marie Curie 0 0 Tearfund 225 0 Aberfeldy PC Foodshare 116 0 Poppy Scotland 125 0 Breadalbane & District Riding for the DIsabled 100 0 Shelter Scotland 110 0 RNLI 0 0 Total of Special Collections 1,306 0 6 Consolidated Fabric Fund Drawings Energy Costs 0 0 Insurances 0 0 Fabric Repairs & Maintenance 21,899 0 21,899 0 7 Grants received (all Restricted) CORRA Winter Hardship Fund 0 0 CORRA Foundation Household Hardship Fund 0 0 0 0 8 Payments Costs of Generating Funds Fundraising costs 160 0 Investment Managers' Fees 1,255 0 1,415 0 Charitable Activities Giving to Grow 21,437 0 Presbytery Dues 702 0 Travelling Expenses 594 0 Pulpit Supply 200 0 Fabric Repairs & Maintenance 27,340 0 Heat & Light 4,157 0 Insurance 3,284 0 Organist 1,720 0 Professional Fees 510 0 Special Collections Remitted 1,356 0 Charitable Activities Grants 0 0 Printing Costs 0 0 Digital Expenses 491 0 Linkage Expenditure 9 3,062 0 Miscellaneous Expenses 153 0 Church Groups Quilters Group 0 0 The Guild 0 140 65,006 140 Governance Cost Independent Examiner's Fees 60 0 Other Payments Purchase of Investments 0 0 0 0 2024 |
Notes Note Unrestricted Restricted 4 Fundraising Events Sundry Income 0 0 Fund-Raising Events 5,705 0 Life & Work 0 0 Church Groups Quilters Group 0 150 The Guild 0 299 5,705 449 5 Special Collections for Third Parties Tayside Mountain Rescue (from Coffee Group) 70 0 Christian Aid 360 0 Christian Aid (St Mary's Service) 0 0 RSABI (Coffee Group) 100 0 Christian Aid (Earthquake Turkey/Syria) 0 0 Crossreach (Perth Prison) (Coffee Group 0 0 Air Ambulance (Coffee Group) 100 0 Dogs Trust (Coffee Group) 0 0 Marie Curie 0 0 Tearfund 225 0 Aberfeldy PC Foodshare 116 0 Poppy Scotland 125 0 Breadalbane & District Riding for the DIsabled 100 0 Shelter Scotland 110 0 RNLI 0 0 Total of Special Collections 1,306 0 6 Consolidated Fabric Fund Drawings Energy Costs 0 0 Insurances 0 0 Fabric Repairs & Maintenance 21,899 0 21,899 0 7 Grants received (all Restricted) CORRA Winter Hardship Fund 0 0 CORRA Foundation Household Hardship Fund 0 0 0 0 8 Payments Costs of Generating Funds Fundraising costs 160 0 Investment Managers' Fees 1,255 0 1,415 0 Charitable Activities Giving to Grow 21,437 0 Presbytery Dues 702 0 Travelling Expenses 594 0 Pulpit Supply 200 0 Fabric Repairs & Maintenance 27,340 0 Heat & Light 4,157 0 Insurance 3,284 0 Organist 1,720 0 Professional Fees 510 0 Special Collections Remitted 1,356 0 Charitable Activities Grants 0 0 Printing Costs 0 0 Digital Expenses 491 0 Linkage Expenditure 9 3,062 0 Miscellaneous Expenses 153 0 Church Groups Quilters Group 0 0 The Guild 0 140 65,006 140 Governance Cost Independent Examiner's Fees 60 0 Other Payments Purchase of Investments 0 0 0 0 2024 |
2023 18 6,102 0 0 146 529 |
|---|---|---|---|
| 6,795 | |||
| 0 186 395 0 232 100 70 70 41 0 0 0 0 0 50 |
|||
| 1,144 | |||
| 0 2,685 17,518 |
|||
| 20,203 | |||
| 0 0 |
|||
| 0 | |||
| 800 1,262 |
|||
| 1,415 | 0 | 2,062 | |
| 21,437 702 594 200 27,340 4,157 3,284 1,720 510 1,356 0 0 491 3,062 153 0 0 65,006 60 0 0 |
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 140 140 0 0 0 |
22,600 731 384 100 17,726 4,234 3,140 1,600 450 1,094 3,869 21 472 1,736 265 25 512 |
|
| 58,958 | |||
| 60 | |||
| 0 | |||
| 0 |
Page 9 of 10
Grantully, Logierait & Strathtay Church of Scotland Notes forming part of the financial statements for the year ended 31 December 2024
9 Minister's Stipend
All Church of Scotland congregations contribute to the National Stipend Fund which bears the costs of all ministers' stipends and employer's contributions for national insurance, pension and housing and loan fund. Ministers' stipends are paid in accordance with the national stipend scale, which is related to years of service. For the year under review the minimum stipend was £31,642 and the maximum stipend in 5th and subsequent years of service £38,884
10 GLS Share of Linkage Activity
| Expenditure Manse Maintenance Manse Council Tax Pulpit Supply & Ministers Travel Stationery & Printing Hardware & Software Telephone Manse Insurance NG Book Launch Miscellaneous Less: Share of Minister's Contribution |
2024 £ 1,964.11 1,072.37 701.99 0.00 271.73 294.00 134.35 638.37 26.23 5,103 (2,041) 3,062 |
2023 £ 497 1,059 295 69 316 294 124 0 18 |
|---|---|---|
| 2,671 (935) |
||
| 1,736 |
Page 10 of 10
Grantully, Logierait & Strathtay Church
APPENDIX I
FUNDS HELD IN THE CONSOLIDATED FABRIC FUND ON BEHALF OF
| CAPITAL ACCOUNT Balances held at 31 December at cost Market Value of Balances at 31 December REVENUE ACCOUNT Manse Rent Dividends Interest Received CFF Drawings Admin Costs Credit Balance at 31 December TEMPORARY ACCOUNT Debit Balance at 31 December |
Nos Units Deposit Fund Cash Growth Fund 3,397 Income Fund 922 9,900 1,012 3,026 (21,899) (928) (8,890) 53,889 |
Book Cost Gain / Loss £9,602 £0 £10,765 £10,908 £7,966 £2,231 2024 £ |
Market Value £9,602 £21,673 £10,197 £41,472 £41,472 |
2023 £ £39,511 |
|---|---|---|---|---|
| £28,333 £13,139 |
||||
| 53,889 (80) |
£39,511 | |||
| 62,779 | ||||
1. The Revenue Account may be used to provide income for Heating & Lighting, Insurance and Extraordinary Repairs, should there be insufficient funds within the General Funds to provide for these expenditures. Dividend income of £1,012 was credited to the Revenue Account during the year.
2. Heritable Properties consisting of Logierait and Strathtay Churches, the John Kyd Hall, the Manse, and the Glebe Lands are not recorded in the accounts, but in the Property Register. The Title Deeds are held by the General Trustees of the Church of Scotland.
3. The temporary account costs relate to a property enquiry made on behalf of the trustees relating to the water access rights to the John Kyd Hall.
Grantully, Logierait & Strathtay Church
APPENDIX II
BANK RECONCILIATION
| Balance Sheet as at 31st December Actual Balances as at 31st Dcember - Bank of Scotland Account - Quilters Account & Cash - The Guild Account - Evelyn Partners Income Account - Evelyn Partners Investment Account - Perth & Kinross Credit Union - 121 George Street Deposit Fund Total Balances as at 31st December |
2024 £ 27,888 15,887 627 374 262 2,801 1,000 6,937 27,888 |
2023 £ 28,167 |
|---|---|---|
| 19,264 127 215 232 391 1,000 6,937 |
||
| 28,167 |