LUCE VALLEY and INCH (CHURCH OF SCOTLAND) OF RECEIPTS AND PAYME6 AccouNfs FOR THE YEAR TO 31ST DECFMBER 2025 Con%r¢gatMM No: 071M38 Ch*rity No: SC IN)5302 Page I
. Refetenfe and Administrative Information Clwity Nwne.. Luce Vallc). aad Inch (Church of Swtiand) Charity ReBistrntion Number: SCIK15302 Congregatiot) Reference No: 070438 Contact Address: 99 Main Str¢¢t Gl¢nluce 80PT Trns¢ees List all tnths who s¢rYed at any time during the year up to the (late of si18 the unts. lkn. sthert Ogston. Mr Alan Leiper. Mr Alex M¢Kic. Mr John MLMillarn Mr Andrew Ir%'in4 Mr. Ken M¢Kie. Mr Robert Clark Mts Mar8arct F.Ilen B¥son. Shwila CAm¥ryon. Mrs Alison IAn%icki Mrs G¢ McKi¥' Mrs Fran¢¢y Irvine, Flo stir11 Mr wal Lewi¢ki MTS blaning Mr N'edll Mclbistin. Mr Hu8h GalliM*y. Mr Dayid Llurf. Mrs Ei'el)Tr Wri8hL HiEJry JdAll "Ih¢ Larl of Stair John Dalryinple. Mrs Ern Motrirfto 17.1). Mrs I[e K¢ll)'. Mr Liitle(to 17.2) Mr6 Maur¥¢D McKinleylto 17.?). Chrisiiod Meldrm MTS Ann liodM' ,Mrs Ann Sl&11 Mrs Ann watso Mr l¥n Osknrn Sh¥illl Lowrie. Mr liobert Hi8Bin5 Minister: Rev Stephen 08Ston Se&8ion Clerk: John Mcmillan Chuwh TrcasurerFr¢s Irvjne Indendent Ex••lMer Colin S Wilson Crnig McEntyre & P¢acocL Accountont& 33 Lewis Street Stranraer DG9 7LB BAknkern Royal Bank of Scotlan Bridge Street Str&nr8er Page 2
Trustees, Annual Report Year ended 31 Deeember 2025 Structur& Governance and Management Governing Doeument The Church is administered in accordance with the terms of the Deed of Constitution Recruitment aud AppolBtm¢mt of Tnte Members of the Kirk Session are the charity thtees. The KiTk Session members are the elders of the church and are chosen frorn those Mcmi of the church WI ar¢ considered to have the appmprigte gifts and skills. The Aninister. who is a mLThber of the Kirk Sl0n. is ¢l¢cled by the coiwegation and inducted b>, Presbytery. OrganlsAtioxal Strneture The KI Se&8ion which meets four titnes a year is spOnsI1e fijr spiritual affair3 within the Objectives and Activities The Church of S¢otlalld is Trinilariati in dLKtrine. Refomied in rtadilion and Presbyrerian in polity. Et exists to glorify God and to work for the adi'ancement of Christ's Kingdom throughout the world. As a national Church. it acknowledg¢s a dAstin¢tive 11 and dut). to bring the ordlnancvi of Teligion to the people in every parish of Scotland through a teTritorial ministr).. li co-op¢rates Thith other Churches in various ecumen1] ixxlies in Swlland and iyoThL Other Activitie5 include Service of Worship. Retlections On Line. Prayer Meetin& Bible Studies. Guild. Choir. Support for Bl)thsw(KKI and other Missiorts. FERN group. Gospel Sound. School Chaplaincy, Hospital and Residential Flome visit4 Valentine T¢4 Yulctide 'fe4 Ca1 Services and Summer Fet¢ all the ¢ommunity. Pgge 3
Trustees, Annual Report {eont) Year ended 31 December 2025 AcbievemeDts and Perfomanee The following activities have been carried out during the year under review Service of Worship, Reflcrtions On Line, Prayer Meetin& Bible Studies, Coffee & Chat On l.inc. Guil(L Support for BlvthsM'ood and other Missions, FERN group. Gospel Sound. School Chaplainc)'.HospAtal and Residential Home visit5.Valentine Te4 Yuletide Te4 Carol Services. and Surnrner Fete for all the community. Financial Review Gift Aid Donation has increL8ed from previous year by 6.360/0 Reyerv&4 Policy It is our poli¢y to hold &e3 ¢qual to 6 month5 for d¢sigt¥trd funds at the year end dcsigmated funds of £ 16.765, which we consider appropriate to hold fiJnd5 at this level to meet unexpected expenditure The Church a150 held £9.326. of restridd fimds which have been provided for the purposes specified in Note ? Page 4
Trustees, Annual Report (cont) Year ended 31 December 2025 Statement of Trnstees, Rtsponslbilitses The membcrs of the Kirk Session I CongTWtional Board must prepare financial ststernents which give sufficient detail to enable an apprrfiation of the transactio of the Church durin8 the financial year. 'I'he Tnembers of the Kirk Session I Congregatsonal Board are r¢spx)nsible for keeping prOT accounting records which. on r¢quesL must reflect the financial posilion of the Church at that time. This must be done to ensure the fuwicial slalemenls. compl). with the Charities and Trust¢e Investment (Scotland) Act 2(K15. the Charities Accounts (Scotland) Regu]ation5 ?006 and the Regulations Anent Conwrgational Finance approved by the General Assembl)" of the Church of Scotland in ?007. Thc). are also responsible frir safeguarding the a&sets of the C;hurch and musi take rOnable steps for the prei'cntion andlor detection of fraud and other Irregularities. Approved by th¢ Trusttts and on th¢ir behalf. J Memilla S]0 Clerk P*ge 5
Independent Examiner's Report to the Trustees of Luce Valley and Inch (Church of S¢ollaB I repvrt on the accounts of the ch8riry for the year ended 31 st December 2025 which are set out on pages Respeetlve responslbllllks of trnsttts Ind euminer The Lharity's trustees are responsible foT th¢ prcpardtion of Ik accounts in accordance with the terms of the Charitios and Trustee InvestDient (S¢otland) A¢t ?005 and th¢ CharitlC5 Accounlb. (S¥o(knid) Regulations 2006. The chartty IneeS consider that the audit requirement of Regulation 1011) (d) of the Accounts Regulations d(S noi apply. It is my rcsWK1b11ity to examine the attounts as required wider section 44(1 I Ic) of the Act and to stste whcth¢r Darttcular tnatsers have come to mv attention. of ind¢pendent ¢xamixer's 8lAtewwt An examination is eaTried out in accordance with Regu I l of the Charlties Accounts (Scotland) Regulations ?006. An examinaiion includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes considerntion of an), unusual items or disclosures in the accounts. al seeks explanatioDs from the Irustees concerning any such m8ttcrJ. Thc ptocedures undcrtaken do not proi'ide all the evidence Ihai would be required in an audiL and coo8equ¢ntty i do not express an audit opinion on th¢ view given by th¢ accounts. IDdependent eumin¢r's statement In the Course of my examintho no matter has ci)me to my attention [other than disclosed below J which gives me reasonable Ca to believe that in any materi81 w the requirements: to keep accounting records in acCOrdae with Section 44 (I ha) of the ?5 Act and Regulation 4 of the ?006 Accounts Ke8ulation& and ' to prepare ac¢ounts hich accord with the accounting records and comply with Regulation 9 of the 2¢X)6 Accounts Regulations hav¢ not been meL or to which. in my opiniow attrntion shId drawn in onler to enable a proper undeT5tanding of the accounts to be reached. Colin S Wilson Craig McIntyre & 33 Lewis Street Stranraer DG9 7LB 11151 Page O
Luce Valle and Inch Church of Scotland Reeei tsandPa ments Account Year ended 31 December 2025 UMres¢rlete41 Retri¢11 Elldowment Fujds Funds 2025 3025 Tot1 Tot•1 2025 2024 Not¢ tkjnations Legacies 40447 2607 43054 37169 & tkposit inter&qi 410 2433 55 123 10 47 475 956 1732 2603 VAT R¢fd 45290 2785 57 48132 39857 Rental of premise8 Sale of assets S41¢ of investma 3301 3301 4584 15(X)2 15002 RÈceipts from GaTal Tntstres Total Reeei 63593 2785 57 66435 44441 Costs of geD¢ratiDg Charitsble activitl Governance cogts 36347 2801 59148 50301 J24 360 360 tal Pa 56671 2801 36 59508 50765 ExceBs of R¢¢¢lpts ovtr Payments ror the year before trxn8ferJ -16 6927 324 The TranBfer of Unlon BalaDee Exeoss of Receipts over Payments for the yr 6922 -16 21 6927 5324
Luee Valle gnd Ineh Statement of Balances At 31 December 2025 Church of Seotland Fu$ 2•25 Fun 2025 Total 2025 Totsl 1024 21)25 *Dk Brou nvgrd 98210 9298 916 108424 114748 Movement in year Ex¢¢55 of Receipts over Pa)mtsts for yrar -16 21 6927 324 Bank & deit bala 105132 9282 937 115351 108424 tments at mvket v (cost £4235) Fabric Fund (cost £497) Miss Wale8 TTU5t (cost £130) G¢nernl Fund {cost £1759) Old Lwe Church FJthwm¢nt To1 13271 2fj279 5806 1659 6201 1789 2374 23695 2201 35945 Gift Aid Reeèivablt abili Cost of r¢pair notyd bilkd Tr accounts were approved by the Kirk Session and Financial Board onll 312 For and on bchaif of the Kirk Session and FinallGial B(wd Seuion Ckrk Tr¢asurer Page 8
Luee Valle nd Inch Statement Df Balances N tes to the Aerounts l. jTrugtee RwnunerAtioD and Related Party Transaetlfym Durlng the y¢ar l trkLStees received RemUnerlon iotsl £3765 During the year 3 ttustee5 1Ved reIrnbursemt of expcw incurred total £3099 Church of Seotland 2. Movements in Funds AtlJ• At 31 Dec 202S yments Tr*Msft UnreBtri¢ted funds DeSIwted Fabric Fund Desi8nated Fabric Fund INS&1 A¢1) (Transfer from New Luce Churth) Genernl FLET 2716 14765 12810 16765 12775 35 -12810 47677 45712 41906 41483 63168 61751 56671 58248 Restrieted funds .Sllbbatieal Fund jMi&8 Wai¢s Guild 2234 2631 3327 2259 153 1391 2784 3128 1590 Luce Valley Women Old IAKe Churth Endowment Mission Fund 916 102 57 36 937 107 1216 9321 2842 2837 9326 Inve8tments- Dwbsit Fund ICOS In¥torS Th 35935 1842 47777 Total funds 108424 66435 59508 115351 ted Funds i Fabric Fund.. The TTreeS have set &side funds for the Main of the Churth pro 1Gene Fund For the day to day runni of Church Sabbatical Fund for Ministers conference expenses Miss Wales Fund to give a helping hand to anyone in trouble Old Luce Church Endowment Fund Anonymously donated in 1976 any amount over original can used however the TnLSiees deemed to appropriale
Unrestrlcted Restrirted Funds Funds 2025 EndowmeDt Funds Totsl Totsl 2025 202S 2025 2024 Analysis of Donvdtions WFO Scheme (non Gift Aid) Gift Aid Donations Tax Recovered on Gift Aid DonatiOL8 Ordinary Offerings (Open Ple) Other Off¢ring& Donations etc 26,369 8,719 5,359 2,607 43,054 24,792 5,089 5,232 2,056 37,169 8.719 5,359 40,447 2,607 4. Analysis of Payments Costs of generating fuuds Investtnent Managers, fres 'Offering envelope5 104 95 104 104 Charitable activities Ministries & Mission allocaiion Presbytery dues Volunw Additional Stipend Minister's expenses Mtni5tertal Assistance Pulpit supply Other 5tatTmg costs Fabric r¢pairs & maintenance ,Coun¢il Tax Heat and light Insuran¢¢ 24,744 1,080 24,744 1,080 913 2,364 2,364 1.780 3.579 1,577 5.115 1.616 5.063 1,806 1,616 5.063 .'Other building Co5 Church's Staffing Costs 'Hall Stsif]ng Costs Organ & musi¢ 'Prinling, stattonery and postage Other expenses .Equipment- Projecthr et 3,018 2,160 1.184 3,018 2.160 ,184 3,014 2,160 524 1.969 2,801 4,770 3,937 2,889 50,301 56.347 2,801 59.148 . Governanee costs Independent examiner's fee5 ,Purchase of assets .Pur¢hase of investments 3241 36 360 360 324 36 360 360 elo Pa
- Minister's Stipend All Church of Scotland congregations contribute to the National Stind Fund which bears the costs of all ministers, stipends and employees 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 Ivas £32,433 and the maximum stipend (in the 5th and subsequent year £39,856 2025 2024
- Collections for Third Parties Scripture Union OMF MAF Church of Scotland - Ukraine Jim & Juzia Paterson The Scottish Bible Society Tear Fund From Overse&8 Mission Fund 165.76 198.60 197.72 314.60 153.20 274.83 233.46 338.79 1,211.44 883.36 1.806.76 Tear Fund (From Gospel Sound) Poppy Scoiland From General Fund 245.00 121.46 366.46 78.25 Full Total 1,577.90 1,885.01 Page 11
FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAND GENERAL TRusfEES 2025 2024 CAPIT ACCOL'NT Credit B8lances held at 31 De£ember at co 102817 102817 Market Value of Balanc¢s at 31 Decemb 14834? 142321 VF.NUE ACCO NT Openlng Balance 3103 Inch Church wfwd 1.1 l ?0?3 Dividend Income 1663 IntEst Receiv Dew)sit Fund Income Fund Groth Fund 108 7413 2056 1663 1379 5063 1380 8667 Insurance Property Costs Admin Cost 2820 3,323 5.062 381 8,766 350 3170 Closing Balance 1893 99 TEMP RARY A co Inch Church Hall - Valuation report Closin8 Balance Nule 2113 2113 1560 fany ofthe above liKv to)Y)ur congrwiionfor bh ofiheirars being reported t1 ihey can be removedfrom ihe nofe. The nole only requir&% tk w elfigurefr each year to be shown. Lklailing the movements is MJI nec&Ysary bul can be Jhom'n ay addilional discloswe ifcomideredappropriute. The note only req4lre& ihe )Yar endfiRyre for ea¢h )ar lo be Jhown. Deiuillng the movemenrs is nol nec$llry bui can be sknwn additional discloswe ifcowiderediwpropriale. Page 12
GENERAL FUND 8LK INCOME Offering5 W.Tr.O Scheme (non Gift Aid) Gifi Aid Donatis)ns Tax on Gift Aid Donation Ordinary Offering¥Open Plate) 24.(KX) 6.300 26.069 8.644 5.359 2.000 35,700 42,072 WeddiThJs & Investments & De>51 l)se of Prvmises Fund Raising I'S 1200 350 2.3th) 1.100 2.201 3.850 39,550 3.640 45.71? NLOnL Mlnistry and Mission & Wth Work + Travel Exp 34.0?7 36.99) National Stipend Fund Allocation Less:Vacancy Allowance Less StId Endowment Income Less I'ran5ition Funding Less.'Endowmeni Income Less: Glebe Rent(Includes Gle Repair) Mission & Ren¢wal Fund Allocation Presbtery Dues (6,577) (5.?78}', (7.077) (5.341),. 1.080 21.573 25.814 Volunt8ry Add Stipend & Employers NaL14 Minister'5 Expenses Minisri&l A&4istan¢e(Salarie4NI & Exp) Pulpit Supply l)thrr Saiarie4National Insurance & Pension 5J 5.178 Bulkllry Co8ts ats.. 14eatin8 & Lighting Other Local cOS I"eI¢.PostyPriniiS¢tlon¢rv.Photo¢0Py1_ Other Expenses 7,)4? 5.IlX) 5.063 3.500 .540 37.773 41.1)06 3.806 Q•n•ral Fund 8IWwllD•ll¢lt) for#* Y•v Page 13