The Church of Scotland Muthill Parish Church RECEIPTS AND PAYMENTS ACCOUNTS Year ended 31st December 2025 Conffregatlon No: 281671 CbArity No: SC004984
Muthill Parish Church of Scotland Reference and Administrative Inforniation Charity Nam¢'. Charity Registration Number.. Congregation Reference No: Contsct Address: Muthill Parish Church of Scotland SC(X)4984 281671 A.P. Bayne Esq. Drumness Farn) Auchterarder PH3 INW Trustees Mr A P Bayn¢, Mrs H-M Bayne, Mr W R Bell, Mr J Cantlie, Mr G G Donaldson, Mr J G Elliott, Ms l Foster, Mr A Hutchison, Mr P C Mclntosh, Mrs S Plummer, Mrs D Reid. Mr J C Thomson. Mrs E Wallace. (ALI Kirk Session) Principal Offi¢e-beAr¢rJ Minister.. Sessffion Clerk: Church TasUrer. Rev. lain F Paton (Interim Moderator) Mrs Helen-may Bayne Mr William Bell & Mrs Doreen Reid Independent Examiner lan A Wilcock MBA 4 Braco Road, Comrie Crieff, PH6 2HP Bankers Bank of Scotland l Galvelmore Street Crieff, PH7 4DN Virgin Money I l O Cowgate Kirkinlilloch, G66 IJU Page 2
Muthill Parish Church of Scotland Trnstees, Annual Report Year ended 31 December 2025 Structure, Governance and Management Governing Document The Church is admtnistered in accordance with th¢ tenns of the Deeds of Conslitution (Unitary Forni) Recruitment and Appointment of Trustees Members of the Kirk Session are the charity trustee5. The Kirk Session members ar¢ th¢ elders of the church and are chos¢n from those members of the church who are considered to have the appropriate gifts and skills. Since March 2022 when our Miftisler rettred, w¢ have been fortunate lo have our services led by members of our congregation and oth¢r friends of the Church. Organisational Structure The Kirk Session is responsible for spiritual and temporal affairs within the church. It nornially meets slx times a year, or as often as is necessary to fulfill its responsibilities. Objectives and Activities The Church of Scotland is Trinitarian in doctrine, Refonned in tradition and Presbyterian in policy. It exists to glorify God and to work for the advancement of Christ's Kingdom throughout the world. As a national Church, it acknowledges a distinctive call and duty to bring the ordinances of religion to the people in every parish of Scoiland through a territorial ministry. It co-operates with oth¢r Churches in various ecumenical bodies in Scotland and beyond. Muthill Parish Church of Scotland conducts Services of Worship every Sunday and other Services to commemorate special events eg.Christmas and Easler.We hold a Sunday School, Guild, and weekly Lunch Club (non-denominational providing a Wami Space). Variou5 aclivities are run for the wider community eg.mens club.quiz nights,coffee mornings,and film nights in conjunction with neighbourAng Episcopal Church, in our r¢furbish¢d building. Pag¢ 3
Muthill Parish Church of Scotland Trusteesg Annual Report {¢ont) Year ended 31 December 2025 Achievements and Performance We now produce a weekly video recording of our sern'ces which is distributed via YouTube to those unabl¢ to attend Church and as Te¢ordings lo housebound members who lack internet connection. We support our spiritual development through housegroups organised by several m¢mbers of the Congregation. and hav¢ re-estsblished weekly Scripture Union meetings for children. Financial Review The results for the year ended 31 st December 2025 are shown in the Rec¢ipts and Payments Accounts Accounts on Page 7 and the Statement of Balances is set out on Page 8. These Should be read in conjunction with ihe Notes to the Accounts on Pages 9-12. Total receipts amounied to £89664 and iotal payments £63461 This gave rise to a surplus for the year of £26203. The comparative figures for 2024 were Receipts £102,436 and total paymenls £123,337. This gave risc to a deficii for the year of £20,901 The principal sources of income to the General Fund (the day-to-day operating a¢¢ount of the Church) are included at Note 2 under the heading Unrestricted Funds. These totalled £79281 compar¢d with the 2024 figure of £55441. Tolal Ordinary General Expendilure for 2025 amounted to £52974 (2024., £54639) resulting in a sutplus in Ordinary General Income of £26307 {2024: £802). The Trust¢¢s regard the overall financial postion of the charity to be sound due to subslantial reserves of Unstricted funds accumulated in the past, but note that no regular paymenls are being made to an incumbant Minister. Reserves Polley The Muthill Kirk Session Fund represents the balance of the Reserves held by the Church. At the end of the financial year £81854(44.1 % ) was invested in bank deposits and £103,957 (55.90/0) in Quoted Investments at cosl. It is the the Trustees Policy to hold bank balances sul'ficient to cover the Ordinary General Expenditure for th¢ ensuing year and to utilise the income from this fund to d¢fray nOn-recUlng iterns of expend2ture. Page 4
Muthill Parish Church of Scotland Trustees, Annual Report (cont) Year ended 31 December 2025 Statement of Trustees, Responsibilities The members of the Kirk Session are required to prepare financial statements which give sufficient delail to enable an appreciation of the trdnsactions of the Church during the financial year. The members of the Kirk Session are responsible for keeping proper accountin8 records which. on request, must reflect the financial position of the Church at ihat time. This must be done to ensure that th¢ financial statements comply with Ihe Charities and Trustee Investment (Scotland) Acl 2005. the Charities Accounts (Scotland) Regulations 2006 and the Regulations Aneni Congregational Finance approved by the General Assembly of ihe Church of Scotland in 2007. They are also r¢sponsible for safeguarding th¢ assets of the Church and must take reasonable steps for the prevention andlor detection of fraud and other irregularities. Approved by the Trusi¢¢s and signed on their behalf, H-M Bayne Sesslon Clerk Dale: Iotb Marcb 2026 Page 5
Muthill Parish Church of Scotland SC 004984 Report of the Independent Examiner Re$peetive responsibilities of trustees Vdnd examiner The charity trustees consider that an independent examination is needed under section 44(1)(c) of the Charities and Truste¢ Inv¢stment (Scotland) Act 2005. 11 is my responsibility to examine the accounts under section 44(1)(c) of the Acl and to stale whether particular matters have come to my attention. Basis of independent examiner's Statemenl An examination includes a r¢view of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from th¢ Irust¢¢s concerning any such matters. The procedur¢s undertaken do not provide all the evidence ihat would be required in an audit. and consequenily I do not express an audit opinion on the accounts. Independent examiner's statement In the course of my examination of the statement of account for thc year ended 31 December 2023, no matter has com¢ to my attention which gives me reasonable cause to believe that in any material re5pect- accounling records have not been kept in accordance with Section 44 {1)(a) of the CharitRes and Truslee Inveslments (S¢oiland) A¢i 2005 and Regulalion 4 of Th¢ Charities Accounts (Scotland) Regulations 2006 the accounts do not accord with those records the statement of account do not cornply with any of ihe requiremenls of Regulation 9 of The Charities Arxounts (Scotland) Regulations 2006 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached Ian A. Wilcock MBA 4 Braco Road Comrie Crieff PH6 2HP Date: l?n' Page 6
Muthill Parish Church of Scotland Receipts and Payments Aeeount Year ended 31 December 2025 Unrestricted Restricted Endowment Funds Funds Funds 2025 2025 2025 Totsl To¢al 202S 2024 Receipts Note Donations Le8a¢i¢s Activities for Generating Funds Bank & tkposil interesl Investment income 61.847 5000 61,847 5,000 51.814 13,905 80,752 770 65J84 70J69 iOJ83 Rentsl of premises Sale of assets Sale of investments Grants Receipts from General Trustees Other ff¢eipl$ 7.512 7,512 4,907 1400 1.400 720 20,000 Totsl R¢celpts 79J81 iOJ83 89,664 102A36 P*ymtllts Cosls of generating funds Charitsble aciivities Project 4¢tivilies 52.974 4,544 94 57,518 5.943 62,491 Tot41 Payments 52,974 10,487 63.461 123J37 Exce&s ofReceiptsl(P#ym¢nts) 26J07 -104 0 26203 -20.901 Tran5fcrs Excess of Receipts over Payments 27 Q -104 0 26 203 -20 901 Page 7
Muthill Parish Church of Scotland Statement of Balanees At 31 D¢¢ember 2025 Unrtstrleted Restricted Endowment Funds Funds Fullds 2025 2025 2025 Total 2025 Totsl 2024 Not¢ 2 Bonk & Deposll Balances Bank & Deposit Balan¢¢s brought forward 5,057 128,143 193.200 214,100 Movement in year: Excess of Receipts over Paym¢nt5 for the y¢ar 26.307 -104 26,203 -20.901 Bank & dewisit balances ¢arried forward Investments at market valu¢ Cost £132.726 Oiher Assets Gift Aid Receivable Liabililies Cost of repair not yet billed The accounts were approved by th¢ Kirk Session on: l Oth March. 2026 For and on behalf of the Kirk Session Helen-may BayDe Session Clerk Williydm Bell Treasurer Page 8
Muthill Parish Church of Scotland Statement of Balances IYote5 to the Account5 l Trustee RemuneratloD and RelAted P4rty Trnnsa¢¢ions No trustee or a person related to a trustee had any personal interest in any contract or transaction ¢n*red into . by the charity durin8 the year. 2 MovemeDts in Balanc At 181 Jan 2025 At 31 Dec 2025 Recelpts Paymenty TrAnsfers Unrestrlcted Funds General Fund Kirk Session Fund Iksi8nated Sunday School Fund Designated TAJ Club Fund Designated Lunch Club Fund Desi8nated Guild Fund 14.320 48,182 561 173 1505 316 65m7 70.759 7,122 -50.266 -1,102 19 -19 -1480 -88 79281 0 -52,974 0 -20000 20000 14 42 154 1400 228 Restricted Funds Graves Trust Fund Christmas Trust Fund Andersort Bursary Fund James HalllR¢d Cross Fund Burtinshaw Bequest Fund Fabric Fund Refurbishment Fund 571 3.153 32,000 40.133 31,742 571 -397 1,151 1,348 5,770 3,265 -2,796 211 14 128039 A28.143 iOJ83 -10,487 Endowment Funds Total 193300 89,664 -63,461 219,403 Purposes of UDrestrlcted Funds General Fulld: This fund. under the control of the Kirk Session. is used for the general running of the Church. Klrk Sesgion Fund.. In May 1974 the various Trnsls which the Kirk Session were authorised to use for whAtev¢r purpose they decid¢d, were amalgamated into one fund known as th¢ Muthill Kirk Session Fund Dejigttated Sunday School Fund.. Fund for use by the Sunday School. (not currently activ¢) Design4ted TAJ Club Fund: Fund for use by the J Club Youth. (not currently active) Designated Lunch Club Fund: Weekly Club for the benefit of Senior members of the Parish. Designated Guild Fund= Fund for use by the Guild. Page 9
Muthill Parish Church of Scotland Statement of Balances Note5 to the Accounts (eont.) oses of Restrieted Funds Graves Jrusi hund: Set up for maintenance of graveslon¢s in th¢ Parish ChriJ¢mas Truyls Fund.. Combination of Phillips Trust and Comrie TDJst in Dec.1937 to be applied for the benefit of th¢ Indigent Persons on the Congregational Roll. whom failing. for any other purpose of said congregation Anderson Bursary Fund.. Scl 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 resided for some years in the Parish of Muihill. in such branches of study as may be thought necessary lo qualify them for the Office of the Sacred Ministry. Declaring that the selection of young men and the management and distribution of this bequest shall exclusively lie in the power of the Minister and Klrk Session for the time being, of the said Parish." Jome,Y Hall/Red Cross Fund.. Originat¢d from th¢ amalgamationof th¢ James Hall B¢qu¢st and the Red Cross Fund in 1977. The tern)s of the Hall Fund were "To be applied for the benefit of Residenters in the Parish of Muthill in straitened Circumstances by reason of long illness.'The Red Cross Fund to be applied 'To assist the sick or infirn] members of Church in Muthill. Burlinshaw Beqtlesi Fund.. Set up from th¢ will of Anni¢ Burtinshaw "To provide coal for th¢ Poor of Muthill Parish." Fabric Fund.. Funds set aside for the maintenance of the Church and Manse Refurbishmeni Fund: Funds sel asid¢ for the refiwbishment of the Church Buildings. Page 10
Muthill Parish Church of Scotland Statement of Balances Notes to the Accounts (Cont Unrestricted Rutrlcted Funds 2025 EDdowm¢nt Funds Funds Tot*1 Total 2024 2025 2025 2025 3 Analys15 01 Donations WFO Scheme (non GIftAldl GiftAid Donations Tax recovered on Donations Ordinary Offerings (Open Piatel Other Offerings, Donalions etc. Misc. 49.120 9,170 355 2,545 49120 9170 355 2545 31,105 6,163 7,731 6,815 842 &La 4 Analysls of Payment5 Costs of Generating Funds Investmènt Managers, lees Offerlng Envelopes Charllable Activities Glving to Grow allocatlon Presby1ery dues Mlnlsterlal Expenses Pulplt Supply Other stafflng costs Fabric repaSrs & malntenance Council Tax Heal and Light Insurance Charltable Dlstributions and Educatioi Pflnting, statlonery and postage Oiher expenses 19,623 802 70 4,112 4,740 703 19,623 802 70 4,112 4,740 703 15,640 830 14 4.822 2.645 1.471 8.301 5,736 8.301 5,736 10,606 5.006 5.689 1,382 4.640 4,640 1.539 Governance costs Independent examlnefs fee Other payments Malor Projects Charitable activitles 5,943 60.846 Page 11
Muthill Parish Church of Scotland Statement of Balanees Notes to the Accounts eont S. Minister's Stipend All Church of Scotland congregations contribute io the National Stipend Fund which bears the costs of all ministels stipends and employels contributions for National Insuran¢¢. pension and housing and loan fvnds. Minislerfs stipends are paid in accordance with the National Stipend scale which is related to years of S¢rvi¢¢. Minimum Siipend - £31.642- Maximum Stipend in 5th and subsequent years of Service £38,884 6 Collectlon lor Thlrd Partles 2025 2024 TOTAL 7 Investmenls at Cost 2025 2024 Church of Scottand Investors Trust- Growth Fund Unrestricted Funds Restrlcted Funds 430 unlts 10,950 unlts 365 L4ll 365 Imarkel Value 2025 £78,294,. 2024 £72,604) M&G Charlfvnd Unrestflcted Funds Restricte¢ Funds 8,017 unlts 7,070 unlt$ 55,737 55.737 125ts5Q I20 (Market Value 2025 £226,113., 2024 E192,7171 Totsl Investmerts at Cost Imarketvalue 2025 É304,407- 2024 £265.3211 8 Bank and Other Deposlls Bank Deposlt and Current Funds Unrestricted Funds Restricled Funds Total Deposlts a.oaa Page 12
Muthill Parish Church of Scotland Statement of Balances Notes to the A¢count5 cont 9 Accounting Principles (a) The Accounts are prepared on a cash basis. (b) Heritable properties, consisting of the Church, Hall and Manse, are not recorded in the accounts (c ) Nonnal fabric repairs are charged to the General Fund. extraordinary repairs and replacements are charged to other Unrestricted Funds. APPFNDIX FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAND CENERAL TRUSTEES 2025 2024 CAPITAL ACCOUNT Credit Balances held at 31 December at cost Market Value at 31 December 986 Income Dlvldends received on CaptltalAccounts Interest recelved on Revenue Account Renl from Manse 693 729 285 4000 857 enditure Admistration ¢harges ty General Trustees 305 ¢nditure 4.138 4,281 it Balanc Credit Balance at 31 December 29 Page 13