The Church of Scotland Glenmuick Ballater Parish Church REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1¥4G ATION No: 321927 CHARITY No: SC I￿5522 Reference and Administrative Informgtion Charity Name: GI¢DmuicL (Ballater) Parlsh ChuTcb Charity Registration Number: SC005522 Congregation Reference No: )219?7 Contact Address: Trustees Bankers Virgin Money l Qu¢¢ns Cross Aberdeen AB15 4XU Trustees, Annual Report Year ended 31 December 2024 Strneture, Governance and Management Governing Document The Church is adn]inistered in ￿COrdanCe with the terms of the UDitsry Constitution Reeruitment and Appointment of Trnstees Members of the Kirk Session are the charity truste¢s. The Kirk S¢ssion members are the elders of the chuTch and are chosen from those members of the church who are considered to have the appropriate gifts and skills. The minister, who is a member of the Kirk sessio￿ is elected by the congregation and inducted by Presbytery. Organisational Strncture The Kirk Session is chaired by the minister and meets six times a year. The Kirk Session has fornied committees dealing with fabric and fuwice. worship and ecumenical, social and communication n)atters. Objectives and Aetivities The Church of Scotland is Trinitsrian in doctrine. Refornied iu tradition and Presbyterian in polity. It exists to glorify God and to work for the advancement of Christ's Kingdom throughout the world. As a national ChuTC]4 it acknowledges a distinctive call and duty lo bring the ordinances of religion to the people in every parish of Scotland through a territorial ministry. It Co-operates with other Churches in various ecumenical bodies in Scotland and beyond. Glenmuick (Ballater) Parish Church holds a service of W0￿bIp every Sunday morning. The annual ecumenical Remembrance service is held in the church and we aim to have two joint services with Braemar Crathie Church each year. onc hcld ill our church and one at Crathie. Various gtoups including the Ballateers community choir us¢ our church hall for their meetings. Achievements and Performance Throughout th¢ yeat we have produc¢d leafiets for the congregation to keep them infornied of events happening in the church. This provides us with a way of keeping in touch with those Membe￿ who do not regularly att¢nd church. Posters are also put up on our noticeboard giving infom￿tIOn on church events. There w&$ an ecumenical riverside seryice followed by breakfast on Easier Sunday morning. The primary school children attended an Easter service at the church in March 2024 and a Christmas s¢rvice in Decemb¢r 2024. It is hoped to build on this connection with the school in the futute. We held ow two Stated Communions in April and October. Our Annu￿ Stated Meeting was held on 30 June 2024. The chuT¢h w&8 once again open during the day oveT the summer welcoming many tourists who came to Ballat¢r. There was an ecumenical "Songs of Praise" service held during Ballater Victoria Week in August. The Salvation Arn]y Cltadel band led the worship and the Ballateers choir took part also. This was a wonderful time of PTai5e and fellowship. Donations at the door were split between the Salvation Arn]y and Ballater Victoria Week. In August we had a bingo night in th¢ golf club to Taise fimds to help with church roof repairs. This was a very su¢¢essful evening enjoyed by all aud raised £486. Our Harvest Thanksgivtng service took place at th¢ beginning of October 2024. Over the Christmas period we collected food dOn￿lonS for the Cyrenians and this was well supported. The Upper Deeside Parish Grouping has held several meetings in the year. There w&s a joint service at Aboyne church in May 2024. the theme of this being ryew Things and Unity-. We continue to hav¢ refresbments served after the Sunday service. which allows members an opp)rtunity for fellowship after the service and we thank all those who help on Sunday mornings. Financial Review The principal sources of income continue to be Gift Ai¢ weekly freewill offerings. ordinary offerings and donations. Our membership numbers continue to fall and total donations this year have fallen by 14/0 compared to last year when we had a large one off Gift Aid donation. Free Will offering donations and other donations are similar to last year while ordinary offerings have fallen. Income from the rental of premises h&8 increased slighdy, nwinly due to more funerals than last year but there were no weddings. Hall rentsl income has halved as on¢ Nvalking group folded during the year. We received two legacies in the ye8r totslling £3.000 neit}￿ of which put any r¢striction on their use and so they have been added to general funds. Our fundraising was from the bingo night held in August and coffees after the Sunday service. Bank interest received is higher than last year due to interest rates increasing and also because of additional funds bcing plac¢d on deposit. Other income received was made up of an electric refund and flower fund monies brought into our current account. We cleared our outstanding 2023 Giving to Grow contributions and paid £5.400 towards our 2024 allocation. A balance of £9,230 remained outstanding at the year end. Once we have finalised our budget for 2025, we will look at whether we can start to reduce this balance. We will continue to explore fundraising ideas and other OPEK)rtimities to incre&se our income. Reserves Poliey It has been the Trustees. poli¢>" to ty to hold sufficient reserves to cover apprDxinMtely twelve months expenditUTe. At the eTrJ the Church held unrestricted cash fimarison of the accounts pr¢sented with thos¢ records. It also includes consideration of an}. unusual ilems OF disclosures in the accounts, and ￿ekS explanations from the trustecs conc¢rning any such matters. The procedures undertaken do not provide all the evidence that would b¢ T￿ll1r&I in an audiL and consequentlv I do not express an audit opinion on the view given by the accounts. Indep¢Dd¢Dt examiD¢f's statement In the course of Jny ex&Uni￿lI0￿ no has wme to my attcntion: which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with S￿tion 44(1) (a) of the 2(K)5 Act aTyJ Regu]ation 4 of the 2006 Accountg Regulations. and to prepare a¢counts which accord with the acry)uDting records 2nd comply with Regulation 9 of the 2006 Accounts Regulations have not b¢cn meL or 2. to which, in my Opinio￿ attention should be drawn in order to a)abl¢ a proper undcistsnding of the accounts to be reachcd. Date: Glenmuick Ballater Parish Church Recei tsandPa ments Account Year ended 31 December 2024 Unrestrieted Funds 2024 Restricted Funds 2024 Endowment FuDds 2024 Total 2024 Total 2023 Ree¢1 Note Donalions 23.966 23,966 3.000 865 28,065 10,000 1.181 174 Legacies Fundraising Bank & D¢trt)sit knt¢r¢st Investment income 865 125 213 130 2,190 47.610 27.956 213 2,594 30.763 Rental of premises Sale of Cons Fabric FuDdunits Grants From Cons Fabric Rev ajc Other receipts 3.IIK) 3.100 2,660 3.172 476 3,172 476 3,663 1,043 Total Recei 213 37.511 ments Costs of generating funds Cost of Charitable activities 87 87 460 33.629 1.029 2.100 36,758 28.912 Total Pa ment5 029 36.845 Excessl (defieit) of Receipts over Payments for the year before transfers 988 (816) 494 25,604 Transfers Ex¢essl(deficit) of Receipts over Paymcnts for the y￿r 988 816 494 666 Glenmuick Church Statement of Balances allater Parish At 31 December 2024 Unrestricted funds Restrirted funds Endowment funds Total 2024 Total 2023 Note Bank & D¢ osit Balantes Bank & (kposit balan¢¢s ixought f0Th￿d 20211 13.994 14,608 48,813 23.209 Movemenl in year: (DeficityExLYSS of Re￿Ipts over Payments forthe year 988 (816) 494 666 25.604 Bank & dep(￿Lt bth¢es Carried forward 21.199 13,178 48J113 Investments at market value Dr Ethd Emsli¢ Trust Fund {Cost £31207.50) Assets 116435 116,435 106,397 Electric refund due 914 914 Liabilitie5 Giving to Grow Contributions Minister's travel eipen 9230 234 7,553 240 The accounts were approved by the KiTk Session on z Lozs For and on bchalf of the Kirk Seq¢ion Se$8ion Clerk Treasurer Glenmuick Ballaler Plotes to the Accounts l Trn$tee Remuncration and Related Party Transactions Three trustees received reimbursemenl of expenses totslling £6,580 duTing the year. No trustee OT a person related to a trust¢e had any personal interest in any contract or Iransaction entered into by the cl]arity durAng the year. 2 Movements in Fund$ Parish Chureh At31 At l January 2024 Receipts PayLnents Transfers 2024 Unrestricted funds Genernl Fund Designated Heating F￿d Designat￿ Flower Fund DeSIgn￿¢d Fabric Fund5 16.345 510 29,834 564 247 (27.291) (1.064) (79) 5,282 33.71 18,888 io 168 2,133 21.199 3,356 20.211 34,704 Restricted Funds New heating system Fabriclorgan fund Sunday School 112 13.557 325 13,994 112 12,741 325 13,178 213 (1,029) 213 1.029 Endojvment funds Etbel Emslie Fund 14,608 2,594 2.100 15.102 Total funds 48,813 37511 36,84 49,479 Pur oses of D¢si ated Funds Fabric Funds: The Trwstees have set aside funds for the maintenance of the Church property Flower Fund: Funds have be¢n set aside for floral displays in the church and for flower gifts for pastoral care. Heatin Fund: Th¢ balance represents funds set aside for heatiDg costs in the church. Pur oses of Restricted Funds Fabriclor an fund. Two legacies received in 2023 specified that the monies had to be used for n￿Intenallce of the fabric of the buildings and the organ and so these are held in a restricted fun(L Sunda School Jam Hearts . This funding was set aside for the running costs of the group. The Sunday School h&8 not resumed post pandemic. Pllr oses of Endowment Funds Income from the Dr Ethel Ernslie Fund is used to help persons in need of financial assistance who are members of Glenmuick (Ballater) Parish Church or r¢side in the parishes of TulliclL Glengairn and Glenmuick. Unrestricted Funds 2024 Restiicted Funds 2024 Elldowment Funds 2024 Total Totsl 2023 2024 3. Anatysis of Donations WFO Sth¢me (non Gift Aid) Gift Aid Donations Tax Re¢oveTed Gift Aid Dori (kdinary Offtrings (0￿ Plate) Other Offtring& D￿atiOnS dc 1,950 11,539 5,054 3,129 2,294 23,966 1,950 11,539 5,054 3,129 2,294 23,966 1,935 15,111 3.958 4,118 2.943 28,065 Anatysis of Rental of premises Weddings Funerals Use of hall 1.300 960 400 2.660 2,880 220 3,100 2,880 220 3.100 S. Analy$i$ of Other Receipts Pulpit supply reimbursed Ele¢tricity refiu)d Frm Flower Fund account 1.043 328 148 476 328 148 476 1.043 6. Analysis of Payments Costs of generating funds Offering env¢lopes Fi]m night co 87 87 129 331 460 87 87 Charitable activities Givin8 to Grow all(Wi"on PresbY￿ry dues Minister's exttn8es Pulpit supply Other staffing costs Fabric repairs & TnaintenarKe Heat and light Counckl tsx Insurance 12,953 856 2.776 229 4,140 1,872 2.060 3,633 4,610 79 239 182 33.629 12,953 856 2,776 229 4,140 2.537 2.060 3.633 4,610 79 603 2,282 36,758 5.638 438 1,754 1,052 3,928 2,443 3,957 3,551 4.209 665 Flower Fund 224 1,718 28.912 Organ & music Other expens¢s 364 2,100 2.100 1.029 Minister's stipend All Church of S¢otland congregations contribute to the National Stipend Fund whAch bears the cost5 of all n]inisteis' stipends and employer's contributions for national insurance. pension and housing and loan fund. Mini5frrs' stipends are paid in accordance with the nation￿ stipend scale, which is related to years of service. For the year Und￿ review the minimum stipend was £31.642 and the m&Yimum stipend (in the 5th and subsequent years) was £38,884. 2024 2023 8. Collections for Third Parti¢s Scottish Air Ambulance Charity The Salvation Arn]y Ballater Victoria Week 384 222 222 828 120 120 240 io APPENDIX FUNDS HELD ON BEHALF OF THE COIYGREGATION BY THE CHURCH OF SCOTLAIYD GENERAL TRUSTEES 2024 2023 CAPITAL ACCOUN[ Credit Balances held at 31 December at cost 83,005 83,005 Market Value of Balances at 31 December 97 82 92,118 REVENUE ACCOUNT (Debit)ICredit Balance at 31 December 22 Notes l. Glengairn Church Sale The net proceeds of £134,696 from the sale of Glengairn Church which were temporarily held in an investment ac¢oullt with the Church of Scotland Investors Tn￿t Deposit Fund at 31" December 2014 were reinvested &s follows: Consolidated Stipend Fund £45,0(X) Consolidated Fabric Fund-capital £89,696 During the year ended 31 D¢cemE¢r 2022 636 units of Growth Fund units were wld t() assist with the cost of the new heating system. The cost and market value of totsl holdings at 31 December 2024 is shown above. 2. Revenue Account Dividends from the Consolidated Fabric Fund holdings are credited to this account. The total incom¢ for th¢ year was £3,392.79 which includes interest earned on the Revenue Fund of £61.92. £3,171.86 was dra￿ down from the fund In D¢cember 2024 to cover the buildings insurance element of our insurance premi￿ This was done before the final administrative charges for the year of £21.80 were applied to the accounL resulting in the closing debit balance at the year end. li