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 depa￿re 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 n￿al 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 re￿arted 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 success￿1 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
KI￿lem￿1r
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 P￿tIce).
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 inf0m￿tiOn 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 Ca￿led 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 ca￿e 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
K￿riemu1r
Angus
DD8 4HB
3 Septe￿ber 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 fi￿d$ Subj￿1 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 fi￿￿trance 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¢ fi￿d.
This deSI￿atiOn has an administrative purpose only and does not legally restrict the tNstees' discretion io apply the fund.
Goi￿8 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 dI￿OUnt$ due.
Creditors
Creditors are nomially recognised at their settleTnent amount after allowing f(Trr any trade di￿ountS 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 Ex￿ndItUre
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<br>|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**<br>**Cost or Valuation**<br>At 1 January 2024<br>Additions<br>Disposals<br>At 31 December 2024<br>On disposals<br>Charge for year<br>**Net Book Value at 31 December 2024**<br>**Net Book Value at 31 December 2023**<br>At 1 January 2024<br>**Accumulated Depreciation**<br>At 31 December 2024<br>**Tangible Fixed Assets**|**Equipment**<br>£<br>124,613<br>-<br>-<br>124,613<br>109,630<br>-<br>4,172<br>113,802<br>10,811<br>14,983|**Land &**<br>**Buildings**<br>£<br>487,500<br>-<br>-<br>487,500<br>-<br>-<br>-<br>-<br>487,500<br>487,500|**Total**<br>£<br>612,113<br>-<br>-|
|---|---|---|---|
||||612,113|
||||109,630<br>-<br>4,172|
||||113,802|
||||498,311|
||||502,483|



13 



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$5iOn￿lY valued..
The manse at Lour Road. Forfar
£450.0(M) lin 20201
10 Inveshntnts
21124
2013
M•rk¢i v8lu¢ 8t 31112rL3
Additions
lncreasel1d¢cr¢￿tI- Unr¢￿15¢d appr¢ciai¢onlld¢pre¢iationl
Mark¢l value 3131112124
161.11)6
9,580
170.686
9.426
Investment5 al cosr
I48,￿6
148,236
Th¢ following IMv¢stmcnts ar¢ hcld..
Chur¢h of Scotland Inve5tots Trust
16,326 unil$ in Gtowth Fund
6,015 units in Inco￿ Fund
Market V￿u¢￿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 y￿r
A¢¢ruals
6,956
14,955
35.000
49.955
6.956
14

Forf*r: ￿￿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$iri¢ttd
2014
Fixeo Assets
3.774
1.802
40.193
16,9561
38,813
488.477
87.343
56,576
5,792
14,W7
5,462
268
498,311
170,686
108.737
16.9561
770,778
501483
161.106
145.932
149.9551
759,566
Inv¢51menls
66,544
6,506
CutTent Assels
Current Li&bilities
Ntt aj5tts *t 31 Dt£ 2024
632,396
26.251
73.318
14 Movements in FU￿d$
G*inllLo8yl
rtv*lu*tion
Al l J*th¥*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
D￿18nated Fzbric Fund
D¢signatrd SI*1￿ & GN Crew F￿nd
Desi￿ated Fnend5 of East & Old
D¢signatcd Educatton & Outr￿Ch 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
Toi*l 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 Win*T Bequtsi Is to be used for the Guild
15

Forfgr: E*$4 Old & Inv¢r*rity Parish Church
Notes forming p*rt of ihe finxneial 5t#tements
for the year ended 31 Deeembtr 2024
of Restri¢
Flower Fund- to provide flowers for display during s¢ryic¢s of wotship.
Benevolent Fund- to mDke b¢n¢voknt disiribuiions.
Skca B¢quest Fund-to piovid¢ funds for SuDd#y S¢hooVGood N¢w$ 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 m*inienall¢¢ of church property. This fiLnd also includes £450.IMX>.
being the Y￿lle 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 f￿￿Te prcsuvalioll of the con8re8Blion & maintenanctof its s¢ryi¢es
Inverntty Sunday Sthool Fund- the ttNsit5$ h*v¢ sd asidE fund5 forthe use by the Inverarity Sundoy School.
Inverarity & Ki)u￿111t$ Guild Funa- the tEU5tr¢s hav¢ s¢t aside fvnd5 foithe use of Inverarityand KiJmenl¢s Guild.
2024
2023
IS Colleclioni forThird P*riles
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 Congre￿IlO￿al 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