The Church of Scotland Forfar: East, Old & Inverarity Parish Church ANNUAL REPORT AND ACCOUNTS FOR THE YEAR EIYDED 31 DECEMBER 2024 Congregation No: 281714 Scottish Charity No: SC004921
FORFAR.. EAST, OLD AND tNVERARITY CHURCH OF SCOTLAND Trustees. Report Year ended 31 December 2024 The Trustees present their annual report and fiDancial ststements of the charity for the year ended 31 Decemb¢T 2024. The financial statettlents have been prepared in accordance with the accounting policie5 set out on pages 9 and 10 of th¢ accounts and comply with the General Assembly Regulations for Congregational FinaDCe, Ac¢ounting and Reporting by Charities.. Statement of Recommended Practi¢¢ applicabl¢ to charities preparing tbeir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) effective from l January 2019 and the Financial Reporting Standard applicable in the UK and Republic of treland (FRS102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (S¢otland} Regulations 2006 (as amended). Oblectives and A¢tivities The Church of Scotland is Trinitarian in doctrine. Refomied in tradition and Pr¢sbNerian in polity. It exists to glorify God and to work for the advanceTneDt of Christ's Kingdom throughout the world. As a national Church, it acknowledges a distinctive call and duty to bring ordinaDces of religion to people in every parish of Scotland through a tettiitsrial miDisty. 1¢ co-operates with other Churches in various e¢um¢nical bodies in Scotland and beyond. Following the depare of our Minister in January 2024, th¢ CODgregation entered a period of vacancy, headed by an InteriTll ModerdtOT with a Locum Minister assistins in the day-tfrday running of the charge and taking Sunday services. Now Covering both town and nal parishes, w¢ are using this period to develop joint initiatives and identify areas in which we can b¢ most effective. With the InveTaTity Church building having been earn]arked for closure in Decernber 2023, a concerted effort by th¢ jOiDt congr¢gation successfully overtumed this assessment in August 2024, allowing vaTiOUS building maintenance and improvemeDt works to coinmenc¢. Our Worship TeaTn continue to support our Minister in providing weekly rViceS at both churche5 every Sunday morning, and an eaJly morning breokfast service on the first Sunday of the month. They also regularly conduci 5¢rvices in residential and care homes. often accompanied by ow musical group. Accord. Our midweek reflection 15 Posted online for ihe congregation to access and is enjoyed by maDy far and wide. Our Minister ha5 had support from different members of the Kirk Session and Congregation to share Bible reading5, prnyer5, social ¢vent5 and celebrate special occasions. Our Prayer GTQUP and Bible Study Group continue to m¢ei regularly including events Wlth other faith gTOUPS irt Forfar. The annual Christmas Eve Naiiviry at Inverariry and Christingle Service at East & Old welcomed maDy current, fornier and potential members with the combined retiring collection donated to Angus Young Carers. Our Sunday School meets every Sunday throughout the year at Inverarity Church and Hall, taking part in various 2Ctiviti¢s and crafts whilst learning about God's world and Creation. Their pre-Chri5tmas Kids. Carols & Cakes 5eTviee was enjoyed by family and friends. The Sunday school has a rolling programme of events to raise money to h¢lp with the upkeep of Jeannie, a p)ny at Angus RDA. Led by our Community Team, we continued our relationship with Angus Council and as part of their Family Food and Fun Can)pahgn, we received funding to organis¢ a number of ev¢nts for families to enjoy during in- service days and school holidays. Our Minister. as Chaplain continued to work closely with Inve¥arity & Strathmore Primary Schools with both schools holding regular events in their respectiv¢ Churches. OUT Forfar based Family Worker continue5 to run Baby Blether & Toddler Tim¢ groups on a we¢kly basi5, aimed at children from birth- S years. The Lego Club caters foT school age children. The Heat Hub rearted in East & Old in November, rnnning until the end of March, at which point it transfotined into the Cosy Comer, to provide a wam) md welcoming space foT people during th¢ cost-of-living crisis. Cosy Comer runs ev¢ry Wednesday and the monthly Souper Friday cglnmunity initiative ¢gntinues to offer an opportunity for residents or those who have connections to the Inverarity area to come together for fijod and chatter, helpsng to combat rural isolation and raiSLng ndS for local charities along the way. The Social Bite Awareness Weekend raised Much needed funds to tackle homelessness. Our Music Café welcomes all from the community but is particularly aimed at dementia sufferers and their cares. Various social events wer¢ organis¢d throu8hout th¢ year at both thurches including organ r¢¢itals. ¢onc¢rts. local heritsge talks. table quiy2e5, folk music nights, ooffee mornin85 and Burns Supp¢r.
FORFAR.. EAST. OLD AND VERARITy CHURCH OF SCOTLAND Trustees. Repon Year ended 31 December 2024 We hosted a very successful vi51t from our partner Church in Switzerland including talks and visits to local attractions. a traditional ceilidh and a day trip to Edinburgh. Achievement$ and Performanee The Congregation has a number of teams contributing to th¢ rwining aTKi the ongoing work and mission of the Church. The Big Kirk Shop has had another success1 year, providing income to 5UPPOrt our missional activities and continues to be an asset to the Church. The Green Team Continue to work towards achieving Eco Chureh Gold Awa The Inverarity Team prom%xes rural mission and ¢ngag¢m¢nt and, identifying a need for providing after school activities at Inverarity, we Set up a Kids Club, by our Family Workers and volunteers for thr aft¢rn(KJns a week in tern) time. The Pa%toral team continue to reach out to all our members in the community Th¢ Property Team oversaw the sale of both the East & Old Manse and th¢ purchase of the Strathmore Parish share in our current manse in preparation for welcoming a new minister. They also manage to ongtsing maintenance of ihe fabric of the Congregaiion. The Media Team supports Sunday Worship and leads the Congregation presence on Social Media. Flngntl*l Review Income- The principal sources of income for the op¢ration of th¢ Chuwh are weekly and periodic freewill offerings. Freewill Offerings (without gift aid) were £14,279 compared with £21,346 last year. A number (Trf memb¢r5 provide additional benefit by partieipaikng in the national Oift Aid Scheme, so thai the Church is able to reclaim already paid on donations. For each £1 of donations the church receives art additiortal 25p of tsx r¢claim. In 2024 we managed to reclaim £26,373 of tax. Also renting out rooms within the Church and the Church Hall to external organisations we mpnaged to raise £22,200. Expenditure- The principal head of expenditure for the Congregation is to the National Ministy and Mi55ion Fund which amounted to £65,557. The contribution r¢quired from each local church is allocated yearly by the Church of Scotland on the ba5És of averdged general income over the proceeding 3 years for individual Church¢s. The amouni may also be marginally adjusted by th¢ local Presbyt¢ry. The congregation's contribution to the national fund are paid in 12 instalments per year and from this, Stipends are paid OD a national scale to individual ministers. Details of i)ther item5 of expendilure may be seen in note to the accounts. We have raised fijnds and donated to 4 number of different charities throughout 2024. These are detailed in not¢ IS to the accounts {page 17). Risk Managemettl W¢ continue to monitor our General Account as our outgoings ¢ontinue to increase and look at different ways to incrtrdse our General Income. Res¢rves Poli¢y The Charity trustees have considered the reserves required and have considered thetr current and futrjre Ihabilities. It is the Ttustees. policy to hold reserves of approximatety 6 rnonths ¢xpenditwe in¢ludii)g designated fijnds. Th¢ Church a150 held restricted and endowment funds as detailed in note 14 to the #¢oounts. Structure. Covernathee and Msn$g¢ment The congregation is a registered charity, number SC004921 and is adTnini5t¢Ted in accordance with the tem)s of the Deed of Constitution (Unitary Fom)} and is subject to the Acts and Regulations of the General AsseTnbly of the Church of Scotland.
FORFAR.. EAST, OLD AND tNVERARITY CHURCH OF SCOTLAND Trustees. Report Year ¢nded 31 December 2024 Members of the Kirk Session are the charity trust¢¢s. The Kirk Session is made up of elders and members of the conwgaiion considered to have the appropriate gifts aTrd 5ki11s. The minist¢r, who is a member of the Kirk Session, is elected by the ron8r¢gation and inducted by the Presbytery. The Kirk Sr55ion whifjh En¢¢ts 6 tim¢5 per yeai is re5POll5ible spiritual affairs of th¢ church. Rcfcrcnec and Administrative Inforlnation Trustees: Prlni¢p41 Office B¢arers Minister. Session Clerk". Deputy Se&8ion Clerk Church Treasurer Pryncip41 Offjce East and Old Church East High Street Forfar Charity No: SC004921 Independent Cxarniner Irvine Adarnson Chartered Accountants KIlem1r Bankers RBS 65 East High Street Forfar
FORFAR.. EAST, OLD AND fNVERARITY CHURCH OF SCOTLAND Trustees, Report Year ended 31 December 2024 Trustttsy Responsibilities in Relation to the Fingneittl Statements The charity irusiees ate responsible for preparing a trustees, annual report and financial starements in accordance with applicable law and United Kingdom Accounttng StandaTds (Unit¢d KingdoTn Gen¢rally A¢¢epted Accounting PtIce). The law applicable to charities in Scotland requires the charity trustees to prepare fjnancial ststements for each year whieh show a tNe and fair view of the state of affairs of the chariry and of the incoming resouKes and application of resources. of the charity for ihat period. In preparing the fjnaneial 8taternents. the trustees are Tequired to.. select suitabl¢ a¢¢ounting w)lieies and then apply them consistently. observe the tnethod and principles in the applicable Chariiies SORP., made judgements and estimates ihat are reasonable and prudent; state whether applicable accounting stanthrds and 5tatem¢nts of recommended prnclicc have bee]} followed. subject to any departures disclosed and ¢xplain¢d in th¢ financial stal¢tn¢nts; prepare the financial starements Ofh the goittg concern basi5 unless li is inappropriaie to presurne that chariry will conLinue in operaiional existence. The trnstees are responsible for keeplng proper aceountrng r¢¢ords, whi¢h disclose with Te4sonJble accuracy at any time ihe fmancial Position of the charity to enable them to ensure that the financial statetnents comply with the Chariiies and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006(as amended). They are also responsible for safeguarding the assers of the charity and hence for taking reasonable steps for the prevention and detection of fraud and oiher irre8ularities. The trustees are responsible for the maintenance and iniegrity of the charity and fllydncial inf0mtiOn on the congregaiion's website. Legislation in the United Kingdom goyerning the preparation and dissemination of financial statements may differ from legislatiOD in other jurisdictions. Approved by the Trustees and signed of their half I September 2025
Forfydr: Eydst. Old & Inverarity Parlsh Church SCO 004921 Independent Evaminer's Report to the Trustees of Forfar: EAst, Old & Inverarity Pariyh Church I r¢port on the accounts of the charity for the y¢ar end 31 tkcember 2024 which are set out on pages 7 to 16. Respe¢tive responsibilities of tru$t¢es and examiner The charity's trustees are responsible for the prepar&tion of the accounts in acctsrdancc with th¢ tern of the Charities and Trustee Investm¢nt (Scotland) Aci 2005 and the Charktie5 Accounts Iswtland) Regulations 2006 (as amended). Th¢ clwrity trn5tee5 consider tha1 the audit requirem¢nt of R¢gulati(m 10(1) {a) lo {c) of the Accounts Regulations does n apply. It is my responsibiliry to examine the accounts as r¢quiTcd under section 44(1) (c) of the Act and to stste whether patti¢ulor matters have come to my attention. Basls of lttdependent exRrniner's statement My examination is Caled out in accordance with Regulation I l of the Chariti¢s Awounts (Scotland) Regulation5 2006 (as m¢nd¢d). kn examination includes a review of th¢ ac¢ountlDg CordS kept by the charity and a comparison of the accounts pres¢nted with those records. It also includes consideration of aThy wJu5ual items OT disclosures in the account4 and seeks explanation5 from the trustees concerntng 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 audil opinion on the view given by the aecounts. IndeptndeRt ex8rniner'5 Statement In the course of m). exatnination of the accounts for the year eoded 31 December 2024. no matter has come to my attention which gives me reasonable cae to believe that in any mat¢rial res¢1 thc requirements.. to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2(K)6 Accounts Regulations. and to prepare aG¢ounts which accord with the accoun¢ing re(ords and romply with Regulation 8 of the 2(K)6 Accounts Regulations have not been mei, or io whicl in my opinion, attention should be dramn in order io enable a proper understsnding of the accounts to be reached. Irvme A(tamson Chartered A¢courttants and Chartered Tax Adviser5 7 St Malcolm's Wynd Kriemu1r Angus DD8 4HB 3 Septeber 2025
Forfar: East, Old & Inverarity Parish Church Statement of Financial Activities Year ended 31 Deeember 2024 Note Unrestricted Restrieted Fund5 Funds 2024 2024 EDdowment Funds 2024 Unr¢stri¢ted Restrlcted Funds Funds 2023 Endowmeot Funds 2023 Total 2024 Total 2023 2023 Income and endowmellts from: Donations and l¢gaci¢s Charitable activities Other trdding acttvities Investments Other Total iD¢OtIi¢ 158.154 8,305 45.470 3,048 3,125 218,702 1.397 2,131 159,551 10.436 45,470 6.877 3,125 225,459 116,038 6,817 49,289 2.542 51,577 226,263 117,682 10,034 49,289 5,279 51,577 233.861 3217 911 2.318 669 2,008 4.439 2.318 5,530 2,068 Expemditure on: Raising funds Charitable activiti¢S Total expellditure 163 212.186 212,349 163 223,664 223,827 368 176,734 177,102 368 184.634 185,002 11.344 11,344 134 134 7,699 7.699 201 201 Net incomel(expeoditure) before gain5 and losses on investments 6,353 (6,905) 2,184 1,632 49,161 (2,169) 1.867 48,859 Net gain51(105S¢5) on [d assets and investments 5.830 135 3,615 9,580 5,257 542 3,627 9.426 Net incomel(expenditure 12,183 (6,770) 5.799 11,212 54,418 (1,627) 5,494 58285 Transfers b¢tw¢¢n fvnds 400 859 (1.259) 750 322 (1,072) N¢t movement in fund 12,583 15,911) 4,540 11,212 55,168 (1,305) 4.422 58,285 Total funds brought forward 658,627 32,162 68.777 759.566 603.459 33,467 64.355 701,281 Total fund5 carried forward 671210 770 778 658627 759 566
Forfar: East, Old & Inverarity Parish Chur¢h Balanee Sheet At 31 Deeember 2024 Total 2024 Totsl 2023 Note Fixed A95ets Tangible Fixed assets Inyestments 498.311 170,686 668.997 502,483 161,106 663,589 io Current Assets Debtors Bank and cash 16,070 92,667 108,737 16,693 129,239 145,932 Liabilitl¢s Falling due within one year 12 6,956 49,955 Net Current Asset$ 101,781 95,977 Net Assets 13 770,778 759,566 Unre5trleted Fund$ General fi]nds D¢5ignat¢d funds 14 38,813 632,396 671,209 26.251 73.318 53,115 605,512 658,627 32,162 68,777 Restrieted Fund5 Endowment Funds 14 14 Totsl Funds 770,778 759,566 The accounts wer¢ approved by the tNstees on I September 2025 and signed on their behalf by..
Forfar: EasL Old & Inv¢rarity Year Endtd 31 December 2024 Accounting Policies The principal accounting policies, whi¢h have been applied consistently in ihe ¢urrent and preceding year in dealing with items which are considered material to the &ccounts, are set out below. Basis of preparatio The accounts have been prepored in accordance with Accounting and Reporting by Charities.. Statement of Recornmended Practice applicabl¢ to charities prepaiing their account5 in acwrdan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) effective from l January 2019 and ihe Financial Reporting Standard applicable in the UK atsd Republic of Ireland {FRS102}, the Charities and TTUStee Investment {Scotland) Act 2005 and th¢ Charities Accounis (Scotland) Regulations 2006 (as amended). Fund aecovnting Fund5 aTe classified as either restricted funds, ¢ndoNinent funds or unrestrieted fi]nds, defined as follows. Restricsed funds are fid$ Subj1 to specific requirements as to their use which may be declared by the donor or with th¢ir authority or ereated through legal processes, but still within the wider objects of the charity. Endowrnent fijnds are funds which have been given on the condition that the original capital sum i5 not redu¢¢(L but the income ther¢from is used for the purpose defined ID accordance with the objects of the charity. Unrestricted funds are exp¢ndable at the discretion of the trustees in fitrance of the objects of the charity. If part5 of the unrestricted fi]nds aT¢ ¢arniarked at the discretion of the tn2stee5 for a particular purpose. they are designated as a separat¢ fid. This deSIatiOn has an administrative purpose only and does not legally restrict the tNstees' discretion io apply the fund. Goi8 coneern The Trustees cot]sider that th¢r¢ ar¢ no material uncertainties aboui the ability of the charitable company to continue for tILe foreseeable future, and ther¢fore has adopted the going concern basis in preparing these ftnancial statrments. Recognition of income ncome is recognis¢d when the charity has entitlement to the fuT)ds, any perfom)ance conditions attached to th¢ ilem{s) of intom¢ have been met, it is probable ihat the income will b¢ received and the amount can be me&sured reliably. Donated servlees and faeilitles Donated professional service and donated facilities are recognised as income when the charity has control over the item. any conditions associated with th¢ donated item have been meL the receipt of ¢conomic benefit from the use by the charity of the item is probable and that ¢conomi¢ benefit can be measured reliably. In arcordance wtth the Chartties SORP (FRS102} the general volunteer tirne of congregation members is not recognised. On receipt, donated professional setvices and donated facilities are recognised on the basis of the value of the gift to th¢ eharity whi¢h is the Jmount the clwity would have been willing to pay to obtain services or faciliti¢5 of equivalent economic benefit on the open nwket., a corresponding amount is then re¢ognised as expendiDJre in the period of receipt. Interest receivable Interest on fuThds held on deposit is included when receivable and the amount can be measured reliably by the charity. this i5 nornially upon Dotification of the interest paid or payable by the bank or deposit taker. Recognition aDd allocation of expenditure Expenditure is included in the Statement of Financial Activities on an accnsals basi5 and is recognised when there is a legal or constnjctive obligation io pay for expenditure. Fixed assets The charity has the right to occupy and use for its ¢haritable objects certain tangible f]xed assets, including the Church, halls and manse. vested in the Church of S¢gtland General TNstees. No consideralitsn is payable for the use of these assets. Expenditure incurred on repair and maintenance of these assets is charged a5 resources ¢xp¢nded in the Statement of Financial Activities kn the period tn which the liability arises. All tangible fixed assets costing in excess of £3.500 having a value ¢0 the charity greater than one year, other than those a¢quired for specific purposes, are capitalised. Depr¢ciation is charged at a rate of 250/9 or 33 1130/0 {as appropriatel on a reducing balance basis. Land and BuildÉng5 for which the title is held locally {namely the BB hall and the manse) have been introduced io the accounts at a valuation as shown in Note 9. No depreciation is provided on land and buildings.
Forfar: East, Old & InverArity Year Ended 31 December 2024 InYe5tJneDts Fixed &%set investments are stated at market value at the balance sheet date. Unrealised gains and losses represent the diff¢rence betw¢¢n the market value at the beginning and end of the financial y¢ar or, if purchased in the year, the difference beNeen cost and mOTket value at the end of the year. Reali5ed gains and losses represent the difference between the proceeds on disposal and the market value at the start of the year or cost if purchased in the yeaT. Forfar.. Ew, Old & Inyerarity Parish Church is recognised as a charity fr>r the purposes of applicabl¢ taxation legislatton and is therefore not subject to taxation on its charitsble actiYitie5. The charity 1$ not registered for VAT and resources expended therefore include trrecoverable input VAT. Cash And eash equivalents Cash and cash equivalents include c&8h in hand ond deposits held with the Investors TNst. Debtors Trade and other debtors are r¢¢ogni5ed at the settlernent amount due after any discount offered. Prepaym¢nis are valued at the amount pr¢patd n¢t of any dIOUnt$ due. Creditors Creditors are nomially recognised at their settleTnent amount after allowing f(Trr any trade diountS due.
Forfar: Ea$t, Old & Inverarity Parish Church Notes forniing part of the finan¢ial statements for the year ended 31 December 2024 Unr¢stricted Restrieted Endowment Funds Funds Funds 2024 2024 2024 Unrestricted Restricted Endowment Funds Funds FuDd$ 2023 2023 2023 Total 2024 Total 2023 I DoDations and leg*eies Offerings Tax recovered on Gift Aid Legacies Other 54.195 26,373 3.872 73,714 54.195 26.373 3.872 75.111 70.207 15.900 70,207 15,900 1,397 29.931 1.644 31.575 158.154 1.397 159,551 116,038 1,644 117.682 2 Ineome from charitable ¥4Ctivities Weddings and funerals Minibus income Coffee mornings etc 570 570 1.566 8,300 1.200 1,200 2,767 6,067 1,566 565 2,767 450 7,735 5.617 8,305 2,131 10,436 6,817 3,217 10,034 3 Ineome from othtr trading aetivities Shop income Rent received from Hall Lets 23270 22.200 45,470 23,270 22,2(10 45.470 27,539 21,750 49,289 27,539 21.750 49.289 4 IDvestment incomt Interest received Dividends received 1,064 2.584 3,&18 1,064 5,813 6.877 312 2,230 2.542 312 4,967 5,279 911 911 2,318 2,318 669 669 2,068 2.068 S Other income Grants received Advertisirtg Fund balances from InverJrity & Kinnettles Church 3,125 3,125 20.820 785 20,820 785 29,972 29,972 3.125 3.125 51.577 51.577 10
Forfar: East, Old & Inv¢rarity Parish Church Notes formiDg part of the finanei#l statements for the year ended 31 December 2024 Unrestricted Restrieted Endowment Funds Funds Funds 2024 21124 2024 Unr¢51ricted Restricted Endowment Funds Funds Funds 2023 2023 2023 Tot41 2024 Total 2023 6 ADAIy5is of ExndItUre Raising fuDd$ Offering Envelopes 163 163 163 163 368 368 368 368 Cltaritable Activities Ministries and Mission All(Kathgn Presbytery Dues Ministees travel expenses Pulpit supply Other salary costs Water rates and council tax Fabrtc R¢pair5 & Mwntenance Insurdn¢e Healing and Lighting Cleaning Bank charges Ministews ielephone Church Magazine. Printing & Stationery Broadband and web5lte Outward fiknd expenses Minibus expenses Accounting Services Legal and professional fees Ind¢p¢nd¢ni examiner's fee Social committee expenses General Expens¢5 Organ and music expenses 65,557 3,246 1,500 9,960 48.137 968 24.935 8,094 13,591 1.226 1.404 508 695 65,557 3246 1,500 9.960 48.137 968 24,935 8,094 13,591 1,226 1,404 508 695 62,700 1,677 3,982 517 30,530 3,817 9,988 6,199 8,486 5.388 1,357 1,278 732 1,232 12.512 62.700 1.677 3.982 517 30,530 3,817 9,988 6.199 8.486 5,388 1,357 1,278 732 1,232 12,512 2.006 492 5,177 5.177 6,917 516 1.794 1.440 5,607 4,035 1240 6,917 2,006 516 1.794 1.440 5.607 2,139 1.240 492 1.368 7,105 2,373 1,180 1,368 7.105 5,392 1,180 1,896 3,019
Shop ruDning costs Charitable Donations Life & Work Expenditure Depreciation 9.566 1.326 462 2.107 212.186 212,349 9,566 1,926 462 4,172 223,664 223.827 9.632 740 378 3.071 176,734 177.102 9,632 840 378 5,846 184,634 185,002 600 1.931 11,344 11,344 134 134 134 2.574 7,699 7.699 201 201 201 Total 12
Forfar: East, Old & Inverarity Parish Church
Notes forming part of the financial statements for the year ended 31 December 2024
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| **7 ** | Staff costs and numbers | ||
| Salaries and wages | 48,137 |
30,530 | |
| 48,137 | 30,530 | ||
| Total | |||
| The average number of employees during the year, calculated on the basis of a head count, was as follows: | |||
| 2024 | 2023 | ||
| Music staff | 2 | 2 | |
| Administration | 2 | 2 | |
| Premises maintenance | 3 | 2 | |
| 7 | 6 |
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 the fifth and subsequent years) was £38,884.
8[Trustee Remuneration and Related Party Transactions]
During the year the Minister received reimbursements as follows: travel expenses £1,500, telephone £508 and manse council tax £238. The following trustees received payments for providing services during the year:
| £4,000 | Organist |
|---|---|
| £1,872 | Administrator |
| £14,346 | Treasurer |
| £1,305 | Organist |
During the year a total of £19,337 was donated to the congregation by trustees.
No trustee or a person related to a trustee had a personal interest in any contract or transaction entered into by the charity during the year.
| 9 Cost or Valuation At 1 January 2024 Additions Disposals At 31 December 2024 On disposals Charge for year Net Book Value at 31 December 2024 Net Book Value at 31 December 2023 At 1 January 2024 Accumulated Depreciation At 31 December 2024 Tangible Fixed Assets |
Equipment £ 124,613 - - 124,613 109,630 - 4,172 113,802 10,811 14,983 |
Land & Buildings £ 487,500 - - 487,500 - - - - 487,500 487,500 |
Total £ 612,113 - - |
|---|---|---|---|
| 612,113 | |||
| 109,630 - 4,172 |
|||
| 113,802 | |||
| 498,311 | |||
| 502,483 |
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Forfar: Ea$i. Old & Inverarlty P*rish Chureb Notes fonning part of the financial 5tAtements for the year ended 31 Decernber 2024 The following lssets h&ve been prOfe$5iOnlY valued.. The manse at Lour Road. Forfar £450.0(M) lin 20201 10 Inveshntnts 21124 2013 M•rk¢i v8lu¢ 8t 31112rL3 Additions lncreasel1d¢cr¢tI- Unr¢15¢d appr¢ciai¢onlld¢pre¢iationl Mark¢l value 3131112124 161.11)6 9,580 170.686 9.426 Investment5 al cosr I48,6 148,236 Th¢ following IMv¢stmcnts ar¢ hcld.. Chur¢h of Scotland Inve5tots Trust 16,326 unil$ in Gtowth Fund 6,015 units in Inco Fund Market Vu¢t 31112n4 104,16 66.526 170.686 11 Debior$ 2024 2023 16.070 16.070 16.693 16,693 12 C.rtdlior$ 2024 2023 F4111tt8 vlllhlo Ollt yr A¢¢ruals 6,956 14,955 35.000 49.955 6.956 14
Forfr: t, Old & Ithvernrity Parish Church Nffvtes forming part of the financial 5tAtements for the year ended 31 Detemb¢r 2024 13 AnAlysl$ ofNtl A$sets Arnon¥ Funds Unrestri¢ted GtntrAI Unre$tri¢ De5igrtated Total Total Re$iri¢ttd 2014 Fixeo Assets 3.774 1.802 40.193 16,9561 38,813 488.477 87.343 56,576 5,792 14,W7 5,462 268 498,311 170,686 108.737 16.9561 770,778 501483 161.106 145.932 149.9551 759,566 Inv¢51menls 66,544 6,506 CutTent Assels Current Li&bilities Ntt aj5tts t 31 Dt£ 2024 632,396 26.251 73.318 14 Movements in FUd$ GinllLo8yl rtvlution Al l Jth¥ry 20Z4 OulgoiTh¥ Resource5 At 3J Dt¢ 2024 Resources Tr4Dsfer & otbtrg&l45 Endowmellt Ministry Fulld James Watson Cr4ik B¢quesi Je R Winter Bequest J,877 31.423 33.477 68,777 27 ,769 1.820 3.616 4.067 33.954 35.297 73.318 896 1,259 2,318 112591 Reslri¢trd Gre TeamlFlowu Fund minib Fund 12,896 13,994 4,535 584 32.162 1,566 802 18.8481 5.614 Benevoleni Fund Skea Bequest Fund Guild Fllnd 1,962 4,439 12,4961 111,3441 859 859 26.251 UnTeylrieled lunds D18nated Fzbric Fund D¢signatrd SI1 & GN Crew Fnd Desiated Fnend5 of East & Old D¢signatcd Educatton & OutrCh Fund Designated Inyerarity Sunday School Fu Dtsignalcd Inyerarity & Kinnenles Guili Gen¢Tal Resuve Fund General Bequest FutLd 585,892 2.649 1.438 12.763 1.048 1.722 50.942 1173 65&627 35,392 127,IMZI 5.813 600.055 2.649 1.438 26.090 1.106 1,058 36.624 1189 671.209 18.504 1.084 787 162.935 100 1177,6531 400 16 218.702 (212,3491 400 5,829 Toil findy 759.566 225.459 1223,8271 9,580 770.778 Endowment F Income from th¢ MiDlStsy Fund is kn bt u$¢d foT Ministets cxpEn5es. Income from th¢ J8mt5 Wotson Craik B¢quest LS lo b¢ used foT lliUSic and prgise. In¢om¢ from th¢ J¢an R WinT Bequtsi Is to be used for the Guild 15
Forfgr: E$4 Old & Inv¢rrity Parish Church Notes forming prt of ihe finxneial 5t#tements for the year ended 31 Deeembtr 2024 of Restri¢ Flower Fund- to provide flowers for display during s¢ryic¢s of wotship. Benevolent Fund- to mDke b¢n¢voknt disiribuiions. Skca B¢quest Fund-to piovid¢ funds for SuDd#y S¢hooVGood N¢w$ Cjtw. Mjnibus Fund- for the running of the chur¢h minlbus Guild Fund. cover fjuild activities. es of UnE¢StsiCted De ated Fu cd Funds Fabrsc Fund- the trnsttt5 have st¢1d¢ for the minienall¢¢ of church property. This fiLnd also includes £450.IMX>. being the Ylle al which the manse has b¢en inlrodu(rd 10 lh¢ a¢countS. lrnprovement Fund. for th¢ imptt)Yemeni of¢hur¢h buildinss. Social & fjood News Crew Fund- the trust¢¢s hawe set aside thd$ social a¢iiviti¢s ènd for expe1 of the Sunday SchooVGTr)d N¢% Crew. Eduuiion 8t (tr¢h Fund . to fijnd education and outreach in the loc communityAnd iwd Priend5 of E&Q- th¢ ttUSlr¢s hav¢ 5rt asidE fund5 foT fTe prcsuvalioll of the con8re8Blion & maintenanctof its s¢ryi¢es Inverntty Sunday Sthool Fund- the ttNsit5$ hv¢ sd asidE fund5 forthe use by the Inverarity Sundoy School. Inverarity & Ki)u111t$ Guild Funa- the tEU5tr¢s hav¢ s¢t aside fvnd5 foithe use of Inverarityand KiJmenl¢s Guild. 2024 2023 IS Colleclioni forThird Priles MND Scotland 349 Water Aid DefiblllAtor Fund 1.500 18Q 198 Riding for the Disnbl¢d Poppy ScotlBnd Er5kille House 210 288 130 Brechin Flood Appe Leprosy Misson Macmillan Cancer 801 85 1,387 159 cFtAS Carers 823 Parkins1> UK 174 3.926 3,222 As weil & raising funds for other charitie5. For[. E&sL Old and Invuariiy Chur¢h giv¢s kn ¢th¢r¢h8tili¢s in kind. We work alongside Christian Aid. LepTO$y Mission and Forfai Actson of Churches Together and Bive of ow tim¢ and ialents in worf(inÈ supplying food at Various events and w¢ also giyc lh¢ u5¢ ofour prEtni5C5 foT fv£¢ for sixlle of Ihe cvenis thai they orBBniseand Sllpply all the tea, ¢offte *d swr for said events. 16 Volunteers In ¢ommon with all ¢onwatiOJLS of the Churth of Swtl3nd th¢ congregation b¢n¢fiis from th¢ ¢oniribuiion mad¢ by YoluRt¢¢ts who 8ive their lime talents willTn8ly for the bencfil of the Churth. Tbc of CongreIlOal life vjhich rel) on the eontriblltiw of volllnleer6 e m8nyand vari¢d Jnd m4¢h of the activity would b¢ unablc to continue wcrr il not for the commitment sJM>wn. 16
Forfar East & Old Parish Cbureh APPENDIX FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAIYD GENERAL TRUSTEES 2024 CAPITAL ACCOUNT Credit Elalan¢es held at 31 December at eost 195,975 Morket Value of Capital Account at 31 De¢ember 218,578 REVENUE ACCOUNT Credit balance at 31 Dec¢mbeT 77221 TEMPORARY ACCOUNT Credit balance at 3 1 December 212,080 17