Scottish Charity number: SC004304 Congregation number: 281650 Crieff Parish Church of Scotland Trustees. Report and Receipts and Payments Account For the Year Ended 31 December 2024 Crleff Parish Churth of Scotland Legal and adminlstratlve Informatlon Scottlsh Charity Number: SC(X)43O4 Church of Scotland Congregatlon Number. 281650 Contart Address: 23 Strathearn Terrace Crieff, PH7 3AQ Printipal Office Bearers: Minister Session Clerk Treasurer Trustees Klrk Session- Active Elders: Elizabeth Philip, a Deacon in the Church, and wlfe of the Minlster, also attends Kirk session meeting5 in this capacity. Independent Examiner. MMG Chartered Accountants 15 High Street Crieff, PH7 3HU Bankers: Bank of Scotla￿[ l Galvelmore Street, Crieff, PH7 4DN Crleff Parish ChuTch of Scotland Report of the Trustees For the year ended 31 December 2024 The Trustees present their report and the financial statements for the year ended 31 December2024. The Trustees wk) served in theyearand tothe date of this reportare shown on page l. 5trutture, governance and management Governing L￿cUment The Church operates under the Unitary Constltution of The Church of Scotland. Recruitment and oppointmentof trustees Members ol the Kirk Session are the Charity Trustees along with the Treasurer. The Kirk Session members are Elder5 of the Church and have been chosen from those members of the Church who are £onsidered to have the appropriate gifts and skills. The Minister. who is a member of the Kirk Session, is elerted by the Con8re8ation and indurted by the Presbytery. The Congregation has an adopted procedure for the appointment, ordlnatlon and induttion of new Elders but no new Elders have been ordained or inducted during the year. TNstee Change5 It IS Wlth sadne55 that durÉn8 the year who had retired from active duties as Elders and active Elder, rejoined the ￿'rk Session in May 2024. two Elders OrgGni5Qtional Structure The Kirk Session is resporisible for the spiritual affalrs wlthin the Church and Is chaired or moderated by the Minister. The duties of Session Clerk were carried out by the Minister in the absence of an appointed Session Clerk. Th@ Kirk Session is responsible for all adrninistrative aspects of the Congre8ation. The Congregation typical￿ meets on at least one occasion during the year to transact the business of the Stated Annual Meeting. Additional Congregational meetings are convened as and when necessary to attend to any urgent. unplanned business which may, from time to time. arise. Worship was held in the St Andrev/s Building and has been attended by a small group. generally of up to 30-35 people. Music is provided by the Praise Band, and services continue to be broadcast on YDuTube usin8 recording equipment loaned to the Congregation by Crieff Connexions. Crieff PaAsh Church of Scotland Report of the Trustees For the year ended 31 December 2024 Structure, governance and management IcontinuÈd) Orgonisotsona15trurture More infomiation abtwt Church life can be found on the Church websrte www.crieff rishchurch.or Facebook Icrieffparishchurchl and 'X' Icrieffchurchl. In addition to these bein8 an additional source of useful information, Sccial Media interfaces allow en8agemeniwith people living inthe Parish, in the local community and beyond. Objectlves and activlty The Church of Scotland. of which Crieff Parish Church of Scotland (the Church) is a part, is Trinltarfan In docrrine, Reformed in tradition and Presbyterian in polity. It exists to glorify God and tD work for the enhancement of Chrisys Kingdom throughout the world. As a national church, the Church acknowledge5 its distinctNe call and duty to brin8 the ordinances of religion to the people in every Parish of Scotland through a territorial ministry. It co-operate5 With other Churches in various ecumenkal bodies in Scotland and beyond. Crieff Parish Church of Scotland is the sole Church of scotland Congregation in the town and, as Such, r( Is the Pansh Church. It is an amalgam of the former Church of Scotland Congregations of St Michael's Churth, St Andrews Churcb. Crieff South and Monzievaird Church. The present minister is the is employed by the Church nationally. s also licensed as a Worship Leader by the Presbytery of Perth. At the beginning of the year the Church had access to and responsibility for three buildings all of which are owned by the Church of Scotland General Trustees.. the former Church Sanctuary (St Michael's building), St Andrev/s Halls, a 5Uite of converted hall accommodation, and the Manse which is the home of the Minister and his family. The St Michael's Building 6 now up for salÈ. Crieff Parish Churth of Scotland Report of the Trustees For the ￿ar ended 31 December 2024 Objectlves and actlvlty IcontInu￿) At 31 Decembèr 2024, the Con8reg3tional roll of full Cornmunicant Member5 totalled 395 12023 - 4241. The Trustees make every effort to ensure that the Congragation is and remains GDPR compliant fcr data protertion purposes and it also adheres to National Church S2feguarding Procedures, wtth this work being mapa ed b a Safeguarding Committee. (Elder} is GDPR officer and maintains the Roll of Members. Church Or8anlsatlon$ The following Church organlsatlons continued dunng 2024 a Prayer Group. The Guild and Friday Club. The Flower Group continued in the provision of flowers for Sunday Worship. A Summer Holiday Bible Club took place with the assistance of Scripture Union. Wider Mission The CAP Debt Centre in Crieff continued to operate during 2024 and Crieff Parish Church remains the lead Church locally in this work. The finances of CAP Strathearn continue to be managed by the Parish Church Treasurer and their funds are held separatety and shown as a Restricted Fund in these financial statements at note 12. Crieff ConneKions, where ￿￿are Trustee5, remain a mission partner wtthin the CongregatlDn. This c.iaiity is 5epdrd( on. adverse impact on the Finances of the Congregation. These are dlfflculr tlmes and the TrLStees, having received regular financial reports from the Treasurer during 2024, are in no doubt as to their responsibilities for finante. for mana8ing the Charity's affairs in a responsible vjay and in a manner which aims to ensure continuing suNival into the future. This, cornbined wtth the fact that many trustees are of more advanced age, provides additional challenges. The detail of this financial struggle is outlined below in the Financial Review. Crieff Parish Churth of Scotland Report of the Trustees For the year ended 31 December 2024 Flnancial Revlew The financial results of the Charity for the year ended 31 December 2024 are set out in the Receipts and Payments account on page 8. The year-end Statement of Balances is given on page 9 and a breakdown of many of the headline figures shown in both these statements, along with comparative figures for the year ended 31 December 2023. More information can be found in the detailed notes on page 10 and beyond. For the third year runnin8 the year was a difficult one from an operational level. The operational result in the General Fund is a deficit of £15,38712023 - £17,477). funded by the sale of investment and transfers from other funds. Overall, in the last three years the operational deflcit amounted to £57.868 (2023 - £42.481). At the end of December 2024 there was no general fund, and the 'rainy dav Legacy fund investments had fallen from £46.681 to £41,189. Sale of investments during the year helped fund the current year cash flow deficit. At the yearend the Statement of Balances shown in the CharityAttounts can be summari5ed as totalling £133,099 (2023- £131,020). It must be bome in mind that of this sum, £68.861 {2023- £80.891) is held as Restricted Funds and £23,04912023-£3,4481 which include5funds mostly realised from the Consolidated fabric fund at 121 George Street totalllng £19,205 plus £500 donation transferred into a fabric fund to facilitate the installation of a new heating system in February 2025 are designated. The remaining designated funds are part of the legacy fund previously mentioned. Reserve5 Pollcy A summary of the Reserves of the Charty is noted in the Financial Review and note 12 shows the split between restricted reserves. designated unrestricted reserves and discloses a Sum of £nil {2023 - £nill held as an unrestricted reserve. This unrestricted balance is signtficantly less than the recommended level of 6 months of available expenditure which Charities should aim to have in their general fund. However, to allow the Congregation to continue to operate in these difficult circumstances, it will be possible to draw down on funding held in the Legacy Fund which is currently set at £41.189 12023- £46,691). The Trustees are aware that at the rate of deficFts generated over the last three years this legacy funding could be extinguished in little more than two years. Crleff Parish Church ol Scotland Report of the Trustees For the year ended 31 December 2024 Ststement of TrusteÉs' Responslbll]tles The Trusteos are responsible for p￿parIng these financial statements which give sufficient detail to enable there to be an appieaation of the finances and the finanaal transacElons of the Congregation during the year. The Trustees are reswnsible for keeping proper accounting records which disclose with reasonable acoJr3cy the financial wsrtion of the Charity and which enable them to ensure that the Financial Statements comply with the Charities and Trustee Investment (Scotland) Act 2005 and the Charkties Accounts (Scotlandl Regulation5 2006 la5 Amended). together with the Regulations Anent Congregational Finance approved by the General Assembly of the Church of Scotland in 2IXJ7. They are also responsible for safeguarding the assets of thÈ Charity and hence for taking all reasonable steps for the prevention and detertion of fraud and other irregulèrities. 20th Marth 2025 Crl•ff Parish Church of Swtland Independent Examlnérfs Report to t￿ Trustees on the unaudited Financial Ststements of Crieff Parish Chwch of Scotland. I report on the financial statement5 frjrthe yearèNled 31 December 2024 as set out on pages 8 to 19. This report is made to thè trustees. as a bo(ty. in accordance with the terms of my engagement. My work has been undertaken to enable me to report my optnion sei out below and for no Dther purpose, To the fullest extent permFlted by law I do not ac￿pt or assume responsibility to anyone other than the trustees. as a body, for mywork orthi4 report. Respecuve Responslbllilies of Trustees and Independent Examiner The Charitfs Trustees are responsible for the preparat￿)n of the financial statements in accordance with the terms oFthe Charities and Trustee Investrnent (Scotlandl Art 2rK)5 ItheActl, arbd the Charities Accounts Iscotlèndl Regulations 2(M)6 las amended). The charl￿5 trustee5 considèr that the audit requirementsof Regulation 10111 Idlof the aCc￿ntS regulations does notapply. It Is my responsibility to state. on the basis of my examination as required u￿￿er sertion 4411) Ic) of the Art whether particular matters have corne to my attention. Basls of Independent Examln*s Statunent My examinatM)n is Ca￿led out in accordance with Regulation 11 of the Charities Accounts Iscotlandl Regulations 2006 las 3menéedl. An examination incliides a review of the accounting records kept by the Charity and a c¢mparison of the accounts presented with those records. It also Indudes conslderatbn of any unusual rtems 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 exwess an audlt Opinion on whether the financial statements pr￿ent a'tru@ and fairf ￿￿w. Independwrt Examlnerf5Statement In the course of my examination, no matter has tome to my attention: l. thich gives me rea59nable cause to belleve ihat In any material ￿spect the requlremÉnts o to keep proper accounting record5 in accordan￿ with Section 4411) lal of the 2LhJ5 Att and Re2ul3tion 4 of 2￿6 Accounts RegulatlDns, and o to prepare financial statements which accord with the accounting records and comply with RegLtlation 9 of the 2C¥)6 Accounts Regulations has not been MÉL or 2. to which, in my opinion. attention shoutd be drdwn In order to enable a proper undersiandin of the financial statements to be reached. Memjer ol the l.Ist'.tu-.e of Chartered Accountants of Scotland MMG Chartered Atco(Entsnts, Independent Examiner 15 High Street. Crieff, PH7 3HU Date: 21st March 2025 Crieff Parlsh Church of Scotland Year Ended 31st December 2024 Receipts and Payments Account Unrestrkted De5i8nated Re5trlcted Funds Funds Funds 2024 2024 2024 Total 2024 Total 2023 Recel Donation5 Receipts from Buildings Investment Income Gross Receipts Other Charitable Attivities Tot31 Income Note 54.338 6.505 152 3,303 8,089 65,729 64,704 6.505 6.673 1,427 1,520 1,275 2,202 63,197 216 4,794 8,491 16,580 10,909 13,420 84.570 86,317 Other Receipts Total Recelpts 28,258 28,258 18,009 63.197 33.051 16.580 112,828 104,326 Cost of Charitable Activities Governance Costs Total Expendlture {77.5751 13.1221 126.642} 1107,34011103,1631 7 {1.(X)81 11,0081 19361 {78,583) 13,1221 126.6421 1108.34811104.0991 (15.387) 29,929 110.0621 4.481 227 Net income /{Expenditure) Transfers Between Funds 12 15.091 110,3281 1296) {4,7631 114AZ5) Net Movement in Funds 19,601 4,481 227 Crfeff Parlsh Church of ScotJarKI Year Ended 31st December 2024 ststement of Balances Funds 2024 Funds 2024 Funds Total 2024 Totsl 2023 Bank and Dep05it Balance5 Brought Forward {5,825) 51.137 48,760 48,533 Excess receipts over payments {296) 19,GOI 114,8251 4,481 227 Balances Carried Forward li 6,121) 23.049 36.312 53,241 48,760 Investments at Mafket Value Growth Fund Income Fund Total Investments 45,198 41,189 32.551 73,740 67,383 9,053 73,740 76,436 41,189 32.551 Other Assets Stock Gift Ai(1 Receivable Other Debtors and Prepayment 125 7.257 1,520 8,903 125 7,257 1,520 8,903 125 6,7CQ 2,028 8,853 Liabilittes. Creditors and Accruals 12,783) 12,7831 13,0291 Crieff Parlsh Church of Scothnd Year Ended 31st December 2024 Notes to the Flnancial Ststements Unrestrlcted tksignated Restrirted Fund5 Funds Funds 2024 2024 2024 Total Total 2023 2024 l. Donation5 Offerings- Non Gift Aid Offerings- Gift Aid Offerings- Open Plate and Donations Tax Recovered on Gift Aid Legacies Congfegtional Organisations Crieff Friday Club Young People Guild Subscriptions and other income Flower Group Donation5 Donations Arnott Trust Youth Work Funding Arnott Trust 8.151 27,281 3,974 8.331 8,151 9.087 27.781 26.199 3.974 3.239 8,331 8,528 2,300 SCK) 600 1.607 1.607 1.376 1.090 105 1,171 42 6,862 5,000 65,729 64,704 105 8,089 8.089 54.338 3.303 8.089 2. Receipts From Bulldlng5 Hall Hire and Use of Premises 6.505 6.505 6,673 3. Investment Income Bank Interest and Dividends 152 1,275 1,275 1,427 1.427 1.520 1,520 152 4. Gros5 Receipts - Other Charitable Activltles Weddings and funerals Fund-raising income Christians Against Poverty CAP Strothearn 774 1.428 774 2.360 1.914 600 7,891 8,545 10,909 13,420 216 7.891 8,491 2,202 216 5. Other Receipts Receipts from Investment Sales Income from Consolidated Febrlc Fund 9,053 19,20S 28.258 9.053 18.009 19.205 28,258 18,009 io Crieff Parish Church of scotland Year Ended 315t December 2024 Notes to the Financial Statements Unre5trkted DeSi￿atsd Restrlcted Funds Funds Funds 2024 2024 2024 Totsl 2024 Total 2023 6. Charltable Actlvities Giving to Grow Minister's Travel Manse Council Tax Pulpit Supply Presbytery Dues Salary- Cleaners Payment to Praise Band Salary- Organist 5alary- Church Officer Stationery. Postage and Licences Light and Heat Insurance Upkeep ofGrounds Bank Charges Life and Work Fabrlc Repairs (Note 8) Youth Work Office Telephone and WiFi Crieff Connexions Caterin& Teas and Coffees Christlans Against Poverty Charitable Donation5 Funding- Church from Arnott Trust Guild Meeting and Other Costs Church Flowers Friday Club Fairtrade CAP Strathearn 32.823 1.969 3.641 770 1,419 3.003 32,823 39,764 1,969 1,489 3,641 3,550 770 286 1,419 1,059 3,(K)3 2,747 950 900 73 320 2,270 5,264 8,076 648 137 45 8,340 15.869 1,403 I,ioi 722 633 1,000 95 600 950 120 2,271 10,136 12,024 120 2,271 10.136 12.024 2(Xi 137 137 1,403 722 600 6.000 1,261 160 1.701 1.261 160 1.701 1,024 262 1,810 17,689 26.642 17,689 9,141 107.340 103.163 77,575 3.122 7. Governance Costs Independent Examiner Fee 1,008 l.IXI8 936 li Crleff Parlsh Church of Scotland Year Ended 31st December 2024 Notes to the Financlal Statements 8. Analysis of Fabric Expenditure 2024 2023 St Mkhael's Heating and Elertric5. roof and clearan 1,816 1,816 2,378 2,378 St Andrew's Boiler Service and Heatin8 Repairs Lightening Conductor Fire Alarm, extinguishers, serwicing and Safety General Repairs Tree Maintenance Lighting. plumbing and electrical repairs 302 476 1,386 122 350 3,166 5,801 348 1,621 2,776 sanctuary Buildings Joint Repalrs W Clark- handyman type repairs 549 549 371 371 Manse Alarm Service, maintenance, security New Boiler Heating and Electrical Repairs 173 146 7,068 3.130 10,344 173 Total Fabric Expendlture 15.869 9. Trustee5' Remuneratlon and Related Party Transactlons 2024 2023 Council Tax for the Manse Travel Expenses for Minister's Car Other Expenses 3.641 1.969 3.550 1.489 No payments were made to Trustees during the year other than as noted below 12 Crieff Parish Church of S¢otland Year Ended 31rt De¢ember 2024 Notes to the Finanaal Statements 9. Trustees. Remuneratlon and Related PartyTransactions Icontinued) Related Party Transactions Trustee and Elder. re￿Ived £120 {2023 - £320) during the year forthg provision of Churctr Officer Duties. Crieff Connexions, a Registered Charity and a Mission partner of the Church in whith the are Trustees ￿ceived a sum of £-12023- £1,000) from the Arnott. TrusL. Logos Youth Centre of whic is a Trustee recwed z sum of £150 from the Guild 12023-£150 from the Guildl and £l,l(X) from the AmottTrusL Trustee, plays in the Church Priase Band and received a share of £95012023 - £9001 paid to tnat Band Group from the ArTr)tt Trust. Church Treasurer via his ownership o•usiness Services offered pulpit supply on three occasions during the year at nil supply f￿ and hence this service was gifted to the Church. All Church of kodand Con8re8ations contribute to central funds via the Giwng to Grow Scheme Iformerly Ministry and Mi55ionl towards ihe cost of all Minister's Stipends, Employer National Insurance Contributions, Pensions and Housing and Loan fund5 across the Church natlonally. Minister's stipends are paid in accordance with a national stipend scale which is related to year5 of service. For the year under review the mlnimum stipend was £31.64212023- £30,135) and the maximum stipend £38,884 {2023- £37,032). 10. Offerln85 Upllfted For Thlrd Partles 2024 2023 The Leprosy Mi55ion Tear Fund (Gaza Appeal) 72 646 718 During the year these special offerirvds were uplifted for the third parties mentioned. The sums were remitted to the third party in question in full. 13 Crieff Parish Church of Scotland Year Ended 315t December 2024 Notes to the Flnancial Statements 11. Bank and Cash Balances 2024 2023 Bank Current Account Deposit with Church of Scotland Youth Bank Account Arnott Trust Sunday School The Guild Flower Group Friday Club Internet Banking- CAP Strathearn Cash on Hand Rounding 31.536 50 902 13,373 io 632 85 434 6.124 95 16.672 50 902 13,638 io 803 140 559 15.922 53,241 48,759 IZ. Movement In Funds Atl At 31st Non Cash December ts &￿ents Tfanslers Movements 2024 January 2024 Recel Unrestricted General Fund Unrestricted Designated Funds Restrirted Funds 63,197 178,5831 15,091 295 50,139 33.051 13.1221 110,328) {5.5021 64,238 80.881 16,580 {26,6421 14,763) 2,806 68,861 131,020 112,828 {108.3471 12,4011 133,099 Analysls of Funds Atl At 31st Non Cash December 2024 January 2024 ft￿1 Unrestricted General Fund Bank and Cash Other A55ets Liabilities 15.8251 63.197 {78,5831 8,854 13,029} 15.091 16,1211 49 8.903 246 12.7831 295 63.197 178,583) 15,091 14 Crieff Parish Church of Scotland Year Ended 31st December 2024 Notes to the Flnanclal Statements 12. Movement In Funds Atl At 31st Non Cash December P ents Transfers Movements January 2024 Recei 2024 Unrestricted Designated Funds Bonk ond Cosh Youth Fund Sunday School The Guild Flower Group Social Fund / Teas etc Friday Club Toddlers and Youth Groups Legacy Fund Fabric / Bolier Fund Rounding 901 901 io 632 105 918 509 267 io (1.2611 1160) 160 702 603 267 105 216 1.607 11.7011 10.328 19.705 {10,3281 19,705 3,448 33,051 {3,1221 110.3281 23.049 Investments Legacy Fund 46.691 50,139 33,051 15,5021 41,189 {5,5021 64,238 13.1221 110,3281 15 Crieff Parish Church of Scotland Year Ended 31st December 2024 Notes to the Financlal Ststements 12. Movement In Funds Atl At 31st Non Cash December Transfets Movements 2024 January Restricted Funds Bank and Cash Benevolent Rentoul Bequest Fund Ache50n Bequest Fund Christina Low Fund Welr Fund Wright Fund Livingstonia Fund Henderson Fund Play Leader Christian5 A8ain5t Poverty Ilocall Drop In Café Arnott Trust Fund CAP Strathearn 6.454 1.903 11.433) 5,021 1,903 1,600 1,275 3,452 2,130 1,109 71 1.275 3,452 2.130 1.109 71 1.630 253 1,700 13,637 8.089 (8.3531 15.922 7.891 117.689) 51.136 16,580 126,642) (1,630) 16fX)I 253 11,700} 13.373 6.124 36,311 {4.7631 Investmènts Arnott Trust Fund 29,745 80,881 2,806 32,551 2,806 68,862 16,580 {26,6421 14,7631 The principal purposes to which each of the above funds are utilsed is described in full at note 14. 13. Roundlng Differences In these financial statement and related notes differences of + or- £1 may appear occasionally, malnly in column or line totals. The minor differences arise as a result of rounding up or down pennies into whole numbers and are immaterial in the context of the Financial Statements as a whole. 16 Crieff Parlsh Churth of Scotland Notes to the Financial Statements Year Ended 31 De￿rnber 20Z4 IQ Purp05es of Designated Funds and Restrltted Funds Note 12 of thesefinancial statement5 sets outthevarious unrestrIrt￿ Designated Funds and the Restricted Funds which form a partof the activities of the Charity. The use5 and purposes of each fund listed at note 12 are described below. Unre5trirted Deslgnated Funds Legacy Fund Thisfund is to hold legacies given tothe Church Witho￿ restriction. the use of which (an be determined by the Trustees. This fund was established from the legacy of £89,C￿0 received from the late Soclal Funds and Teo and Coffte These fund5 carry any surplus from Social related activities with the objective of usinE any free funds to help purchase catering related equipment. This fund accommodates the finances associated with the supply of refreshments followin8 Sunday Worship. Youth Fund, Sunday Seeker51SchoolJ Fund. The Gulld, Rower Group and the Friday Club The attivities of each of these groups whith operate in the life of the Church are described in the TrustÉe's Report. Each 8roup operated under the Congregation's Charity reference number and a5 such the outcome of thelr flnanclal actlvlties Is amalgamated into the full Church financial statements. Each group which remains operational appoints an approprtate individual to record the financial transartions and all groups operate separ3te bank accounts. the details of whlch are noted at note 11. Fobrlc Fund During 2024 four monies were upltfted from the Congregation's Consolidated Fabric Funds held at 121 George Street. Edinburgh for the purpose of replacing the heating system in the St Andrews buildin8 and related associated fabric costs. This fund was au8mented by a donation from a member of the Consregation. Restrlrted Funds Arnott Trust Fund Thisfund wa5 establlshed byTrust Deed In 1971 bythe late￿¥•and appoints the Minister and Session Clerk as Trusteesto make use of the sums allocated to the local Trust Fund bank account underthedeedtobe used bythem at theirdiscretionfirstlyforthe Sunday School children towards the cost of their Christmas Party and Summer OLrting Dr in some other way in which the Children will benefit to the full and secondly for any other Charitable purpose linked to youth work. 17 Crieff Parish Churth of Scotland Notes to the Financial Statements Year Ended 31 December 2024 14. Purposes of De5ignatal Funds and Restrlrted Funds {continued) Benevolent Fund Thls fund is under the control of the Kirk Session with the purpose of making payments of a Benevolent nature at the discretion of the Minister. any appointod Pastoral Assistant and Session Clerk. to people in need within the Con8re8ation. Rentoul Bequest Fund This fund has origins dating back to 1921 stemming from a legary from the late with the purpose of creating a 'Sabbath School Librarf. Acheson Bequest Fund The estaie of the late￿ dated 1975 made provision for a legacy to the former Crleff South and Monzievaird Church. There are no specific restrirtions as to its Use and the Income from this fund is repatriated to the general fund to help meet local congregational needs. Christina Low Fund This fund has the specift stipulation thatthe annual income should be used for the'sunday School Christmas Treat and Sunday School Outin<. Welr Fund Crieff, South and Monzievaird Church received a legacy of £2,6(NJ from the late Miss Weir on 4 July 1920 with the stipulation that £500 be used forthe general schemes of the Church as the Minister and Kirk Session shall see fit, £500 be used for Foreign Mission Schemes of the Church, £500 be used for Women's Foreign Mission Fund. £100 be used for the Poor of the Church and £l,OCh) be directed 'to funds subscribed by members of the Church for the purpose of the central Fund of the Church.. A¢cordin8Jyi annual income from this fund is repatriated to the General Fund to help meet the annual central misslon contrlbutlon. Wright Fund This fund emanates from a legacy given by in rnernory of her brother, Mr farmer. Crieff, to be used for 'evan8elical purpose5'. Historically the income from this fund ha5 been repatriated to the 8eneral fund to help rneet the annual central mission contribution5. Livinqstonio Fund In 1920, left the capital for this fund such that income from the fund 15 used to support a mi55ionary rnaintalned by the Congregation of Livin8Stonia. Since 1970 the Income from this fund has been repatriated to the general fund to help maintain the annual central mission contributions. 18 Crieff Parish Church of Scotland Notes to the Finandal Statements Year Ended 31 December 2024 14. Purposes of Deslgnated Fund5 and Restricted Funds {contlnued) Restrlcted Funds (continued) Hendetson Fund Historically income from thisfund was used for 8enevolent purposes, however as the income is very small each year due to low prevailin8 interest rates. it has been credited to the seneral fund for use towards the ongoing running cost5 of the Congregation. Play Leader Funding provided specifically to be used to pay for a play leader to work with young people in the Congregation is transacted through this fund. Christians Against Poverty The Congregation participates in the activities of Christians Against Poverty which operates in the local area. A £50 monthly contribution is funded from contributions given by individual members of the Congregation and hencethetransactionsare refletted through this restricted fund. Drop In Café Funding was secured in Financial Year 2017 and earlier to help finance the costs of running a regular outreach drop in café in Church premises. CAP Stratheorn As fully reported in the Trustees Report, Crieff Parish Church was appointed lead Church as part of the formation of Christians Against Poverty ICAPI in Strathearn. CAP Strathearn finances are channelled through Crieff Parish Church and are held separately as a restritted fund. 19 Crieff Parish Church of Scotland Year Ended 31st December 2024 Appendix Fund5 Held on Behalf of Congregatlon By The Church of Scotland 2024 2023 Funds In Consolidated Fabric Fund Revenue Account Income Interest Received Consolidated Fabric Fund Dividend Less: Central Adrninistrative Costs Le55 Property Costs to Crieff 3,660 2.436 701 1671 {3471 19,5811 15.6621 3,070 Temporary Fund5 Property Costs 12621 Credit Balance at 31st December 2023 Credlt Balance at 31st December 2024 8,352 2.690 5,282 8.352 Temporary Fund5 Costs of Sale of St Michael's Church Building 13,302} Funds Retalned In Church of Scotland's Investor's Tntst New Consolidated Fabric Fund 2024- Capltal Credlt Balance at 31 December 2023 Rounding Transfer from former capital Fund Less Property Costs to Crieff Credlt Balance at 31 December 2024 Unreallsed Gain on Investment 77.281 61.570 15.710 {9,6241 67.657 7,285 77,281 Market Value of Capltal Account at 31 December 2024 74,942 20