The Church of Scotland Muthill Parish Church RECEIPTS AND PAYMENfs ACCOUNTS Year ended 31st December 2024 Congrwtlott No: 281671 Cbarity No: SCIK14984
Muthill Parish Church of Scotland Reference and Administrative Inforniation Charity Name: Charity Registration Number: Congregation Reference No: Contact Address: Muthill Parish Church of Scotland SC(KM984 •% (171 Truslets Prlnclp41 Offl¢frbeqrers Minister.. Ses8ion Clerk: Church Treasurer.. Independent Eximlner B#nkers Bank of Scotland I Galv¢lmore Stre¢t Crieff, PH7 4DN Virgin Money I l O Cowgate Kirkintil1h, G66 IJU Page 2
Muthill Parish Church of Scotland Trujtees, Annual Report YeAr ended 31 Detember 2024 Strueture, Governanee and Management Governing Document The Church As administered in accordance with the tern of the Deeds of Constitution (Unit8ry Fomi) Recruitment and Appointment of Trustees Members of the Kirk Session are the charity trustees. The Kirk Session members are the elders of the church and arc chosen from thos¢ members of Ihc chur¢h who are considcrcd to have the appropriate gifts and ski115. Sinc¢ March 2022 when our Minister retired, we hAve been tortunate to have our s¢rvi¢¢s led by m¢mbers of our ¢onsre8ation and other friends of the Church. Org8nisational Structure The Kirk Session is responsible for spiritual and iemporal affairs within the church. It nonnally m¢ets six times a year. or as often as is ne¢¢ssary to fulfill its responsibilities. Objectives and Activities The Church of Scotland is Trinitsrian in doctrine, Refornjed in tradilion and Preshyterian in policy. It eXlSts to glorify God and to work for the advancement of Christ's Kingdom throughout the world. As a national Church, it acknowledges a distinctive call and duty to bring the ordinanc¢s of religion to the people in every parish of Scotland through a t¢rritorial ministry. li co-operates with other Churches in varAOUS ecumenical bodies in Scotland and beyond. Muthill Parish Chuwh of Scotland Conducts Services of Worship every Sunday and other Services to commemorate special events eg.Christmas and EasteT.We hold a Sunday School, Guild, and weekly Lunch Club (non-denominational providin8 a Warni Space). Various activities are for the wider community e8.qulz nighis,coffee mornin8s,film nights in conjunction with neighbouTing Episcopal Church, in our refurbished building. Page 3
Muthill Parish Church of Scotland Trustees, Annual Report (cont) Year ended 31 December 2024 Achievements and Performance We now produce a weeklyvideo recording of our services which is distributed vla YouTube to those unable to attend chUh and as rccordings to housebound m¢mb¢rs who lack internet cOnntion. We support our spiritual development through housegroupg organised by s¢v¢ral members of the congregation, and have re-established weekly Scripture Union meetings for children. Flnancial Revlew The results for the year ended 31 st December 2024 are shown in the Receipts and Payments Accounts Accounts on Page 7 and the Staletnent of Balancct• 15 S¢t out on Page 8. These should be read in conjunction with the Notes to the Accounts on Pages 9-12. Total receipts amounted to £102.436 and tothl paymerlts £123.337 This gave rise to a deficit for th¢ year of £20,901. The comparative figures For 2023 were Reccipts £70163 and total payments £86150. This gave rise lo a deficit for the year of £15987 The principal sources of income to the General Fund (the day-to-day operating accounl of the Church) are includ¢d at Nole 2 under thc hcadin8 Unreslricted Funds. Thcse totallcd £55,441 ¢ompar¢d with the 2023 figure of £42831. Total Ordinary (ieneral Expenditure for 2024 amounted to £54,639 (2023: £40439) resulting in a SUTplus in Ordinary General Income of £802 (2023: £1892). The Trustees rcgard the overall financial postion of the charity io be sound due to substsntial reserves of Uwestricted ndS a¢¢umulated in the pasL but note that no regular payments are being made to an incumbant Minister. Reserves Policy The Muthill Kirk Session Fund represents the balance of the Reserves held by the Chuwh. At the end of the financial year £48,182 (35.3 % ) was invested in bank deposits and £88,604 (64.7 % ) in Quot¢d Inv¢stmcnts at cosl. It is the the Trustees Policy to hold bank balances sufficienl to cover ihe Ordinary General Expenditure for th¢ ¢nsuing year and to utilise the income from this fftd io defray non-rccurrtng Iterns of expenditure. Page 4
Muthill Parish Church of Scotland Trustees, Annual Report (cont) Year ended 31 December 2024 Statement of Trustees, Responsibilities The rnembers of the Kirk Session are required to prepare financial statements which give sufficient delail to enable an appr¢ciation of ihe transaLtions of the Church during the financial year. The members of the Kirk Session are responsible for keeping proper accountin8 records which. on requc5t, Inu51 reflect Ihe financial position of the Church at that lime. This M1 be done to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 and the Regulations Anent Congregational Finance approved by the G¢neral Assembly of the Church of Scotland in 2007. They are also responsible for safeguarding the assels of the Church and musi take reasonable steps for the prevention andlor detection of fraud and other irrcgulariti¢s. Approvcd by the Trustees and signed on their behalf, Page 5
Muthill Parish Church of Seotland SC 004984 Report of the Independent Exgdminer R¢spective responsibilities of trustees and examiner The charity trustees consider that an independent examination is n¢eded under s¢ction 44(1)(c) of the Charities and Trustee Jnve8tment (Scotland) Act 2005. It is my responsibility to examine the accounts under Section 44(IMc) of th¢ Act and to slate whether particular matt¢rs hav¢ Come to my attention. B&qiJ of ind¢pend¢nt examiner's statement An examination includes a review of the accounting records kepi by the charity and a comparison of the accounts presented with those records. li also includes cOlderatIon of any unusual items or disclosures in the accounts. and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all thc evidenc¢ that would be required in an audit, and cons¢qu¢ntly I do not express an audit opinion on the accounts. Independent exAmiDer'8 StatemeDt In the course of my examination of the ststement of account for the year ended 31 December 2023, no matter has com¢ to my attention which 8iv¢s me reasonable cause lo b¢lieve that in any material respect.. accounting records have not been kept in accordance with StIOn 44 (1)(a) of the CILarilies and Trustee Investments (Scotland) Act 2005 and Regulation 4 of The Charities Accounts (Scotland) Regulations 2006 the accounts do not cOrd with those records the ststement of account do not cornply with any of the requArements of Regulation 9 of The Charlties Accounts {S¢uiland) Regulations 2006 io which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be r¢ached Date.. 1st May 2025 Page 6
Muthill Parish Church of Scotland Reeeipts And Piyments Aecount Year ended 31 Dece]nber 2024 Unrestricted Re8tri¢¢ed EDdowmen¢ FuDds Funds Funds 2024 2024 2024 Total Total 2024 2023 Rffelpts ole Donatiorts Le8acies A¢tivili¢s for Generating Fund3 Bank & Deposit interest tnvcstm¢nt incom¢ 51,814 51,814 54,024 770 65,584 11,000 6080 Rentsl of pr¢miges Sal¢ of assets Sale of investments Granis Receipts from General Tnjslees Other receipts 4,907 4,907 3,143 720 20000 720 20,000 440 Total Reeelpts 91,436 11,0 102,436 70,163 PAyments Costs of generating funds Charitable activities Project activities 56,802 5.689 62.491 66,261 Total PAyments 02 66J33 123J37 86,150 Excess ofRec¢lpts/(Payments) 34,634 -55,53S O -20.901 -15,987 Tran5fcrs Excess of Receipts over Payments -55 535 0 Page 7
Muthill Parish Church of Seotland Statement of Balances At 31 Dteember 2024 Ullrestricted Rtylri¢ted Elldowment Funds Fundi FuMd8 2024 2024 Total 2024 Total 2024 2023 Note 2 B4Dk & Deposlt Bwl•n¢es Bank & Deposit Balances brought forward r¢ststsd 30,422 183,678 214,100 214,404 Movemetst In year. Excess of ReIptS over Payments for the year 34,634 -55.535 -20,901 -15.987 Bank & deposit balances carried forward Investments at market value Cost £132.726 604 2LI 254 1 Other Assets Gift Aid Receivablc Li4biliti¢s Cost of repair not yet billcd The accounts were approved by th¢ Kirk S¢ssion on: 29th April 2025 For and on behalf of the Kirk Session Se58ion Clerk Treasurer Pag¢ 8
Muthill Parish Church of Seotland Statement of Balances Notes to the Aeeounts l Trustee Remuneration Related Party Transa¢tions No trustee or a person related to a tnte¢ had any p¢rsonal interest in any contract or transaction entered into . by the charity during the y¢ar. 2 MovemeDts in Balances Al 1st JaD 2024 restAted Receipts At 31 Dec 2024 P#ym¢nts Tran8fer8 UDr¢Jtricted Fundj General Fund Kirk Session Fund Designated Sunday School Fund D¢si8nat¢d TAJ Club Fund Designaied Lunch Club Fund Dcsi8na(ed Guild Fund 13.518 14,701 561 173 1053 417 30,422 55.441 34,095 54,639 614 481 61 17 05 1653 14 91,436 1201 56,802 65,057 RtrIcted Fund8 Gr8v¢s Trust Fund Chri.slmos Trust Fund Anderson Bursary Fund Jam¢s HalllRed Cross Fund Burtinshaw Beque Fund Fabric Fund Refurbishmer)t Fund 571 3,485 30.718 33,791 33,723 571 3,153 32,000 40,133 31.742 332 1.282 6,342 3.376 5J57 60 66J35 20,551 A2&143 183,678 Endowm¢nl Funds Total 214,IINI 102,436 123J37 1933110 Purposeg ofunrestricted FuDds Genernl Fulld: This fund, under the control of th¢ Kirk Session. is used for the 8¢ner&l running of the Church. Kirk Sejyioll FuDd.. ]n May 1974 the various Trusts which the Kirk Sesslon were authorised to us¢ for whatever purpoK they decidcd. were amamlamat¢d into one fund known as the Muthill Kirk Session Fund Designated Sund*y Sch¢)ol Fund: Fund for use by the Sunday School. (not currently active) Designated TAJ Club Fund: Fund for u5¢ by th¢ J Club Youth. (not Currently active) Designated Luneh Club Fund: Weekly Club for the ben¢fit of S¢nior members of the Parish. Designa¢ed Guild Fvnd.. Fund for use by th¢ Guild. Page 9
Muthill Parish Church of Scotland Statement of Balanees Notes to the Accounts (cont.) Pur o$es of Restricted Funds Gruves Tnist Fund.. S¢t up for maintenance of gravestones in the Parish Chrislmas Trugls Fund: Combination of Plll'llips Trust and Comrie Trust in Dec.1937 10 be applied for the beneflt of the Indigent Persons on the Congregational Roll, whom failing. for any other PUryK)se of said congregation Anderson Bursary Fund.. Set up from the Will of Mrs Ann Taylor or Anderson in 1871 in the following tern]s- "To be applied in assisting deserving young men of limited means. who are natives of. or who have r¢sided for some years in the Parish of Muthill, in such branch¢s of study &s may be thoughi necessary to qualify them for the Office of the Sacred Ministry. Declaring that the selection of young men and the managemenl and di.slribution of this bequest shall exclusively lie in the power of the Minister and Kirk S¢ssion for the timc being. of the said Parish." James Hall/Red Cross Fund: Originated from the amalgamationof the James Hall Bequest and the Red Cross Fund in 1977. The ternls of the Hall Fund were "To be applied for the benefit of Residenters in the Parish of Muthill in slraitcned CircuMsLces by reason of long illness."The Red Cross Fund to be applied ' fo assist the siek or infinn members of Church in Muthill." Burlinshuw Beques( Fund.. Scl up from the will of Annie Burtinshaw "To provide coal for th¢ Poor of Muthill Parish." Fabric Fund.. Funds set aside for the maintenance of the Church and Manse Refvrbishmeni Fund., Funds set aside for the refurbishment of the ChurLh Buildings. Page 10
Muthill Parisb Churcb of Scotland Statement of Balances Notes to the Accounts cont Unratri¢trd Restrieted Fund$ Endowment FwDds FuDdJ 2024 Tot•l Total 2023 2024 3 Analysis of Donations WFOScheme InonGiftAldl Gift Aid Donations Tax recovered on Donatlons Ordinary Otterings Iopen Platel Other Offerings, Donations etc. Grants 90 17,870 11,184 12.363 12,517 31,105 6,163 7.731 6.815 31105 6163 7731 6815 4 Analysis ol Payments Costs of Generating Funds Investmènt Managers, lees Offerln8 Envelopes ChaAtable ActNllles Ministrles & Misslons allocatlon Prestytery dues Minlslerial Expense8 PulPIt Supply Other stafflng costs Fabric repalrs & malntenance Council Tax Heat and Light Insurance Chaillable Distilbutlons and Educatior Prlnting, stationery and postage Other expenses 15,640 830 14 4.822 2,e45 1,471 15640 830 14 13,285 751 5.157 3,655 5.133 2645 1471 10,606 IC606 5006 9,365 6.675 18.218 3.327 1.382 1382 Governance costs Independent examiner's fee Other payments Malor Projects Purchase of Investments 60.846 19,889 Page 11
Muthill Parish Church of Seotland Statement of Balanees Notes lo the Accounts (cont) 5. Minister's Stipend All Church of Scotland congregations contribut¢ to th¢ National Stipend Fund whi¢h b¢ars ihe costs of all minister's slipcnds and ¢mploycrf5 contributions for National Insurance, pension and housin8 and loan funds. Minislevs stipends are paid in accordance with the National Stipend scale which Ès related to years of Service. Minimum Stipend- £31.642' Maximum Stipend in 5th and sub3cqucnt years of Servic¢ £38.884 6 Coiiectlon fof Thlfd Partles 2023 ChrtstianAld- Haryest Ersklne Hospital Poppy Scotland Britlsh Red Cross. Ukralne 759 298 170 TOTAL 1417 7 Investments at Cost 2024 2023 Chur¢h ot Scorfjnd InvestorsTrust- Gr0h Fund Unfeslrlcted Funds Restrlcled Funds 430 unlts 10,950 units £Jii (Narket Value 2024 £72.604', 2023 £66.3451 M&G Charlfund Unrestricted Funds Restflcted Funds 6.017 unlts 7,070 unlts 55,737 70.213 55.737 (Market Value 2024 £192717; 2023 £187,8221 Tolal Imiestm•nts at Cost Imarketvalue 2024 £265321: 2023 £254,167) 8 Bank and OtherDeposfts Bank Deposit and Current Funds Unrestricted Funds Restricted Funds Total Deposlts Page 12
Muthill Parish Church of Scotland Statement of Balances Notes to the A¢¢ounts cont 9 Accounting Principl•s (a) The Accounts are prepared on a cash basis. (b) Heritable propertles, consisting of the Church, Hall and Manse, are not recorded in the accounts (c ) Normal fabric repairs are charged to the General Fund; extraordinary repairs and replacements are charged to other Unrestricted Funds. APPENDIX FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH O). SCOTLAND GENERAL TRUSTEES 2024 2023 CAPITAL ACCOUNT Credit BalanLet+ held at 31 Dccembcr at cost Market Value at 31 Dember REVENUE ACCOUNT Income Dlvldends reteived on Captital Accounts Interest receSved on Revenue Account Renl trom Manse 676 07 729 857 3000 610 629 2750 nditure Admlstration charges by General Tfusiees 305 140 140 Eice5J Income Ex enditurc Cr¢dit B814nce a¢ Ist.Januarv Credit Balance at 31 December 4.281 3,849 Page 13