The Church of Scotland Glenmuick allater Parish Church REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 CONGREGATION No: 321927 CHARITY Iyo: SC I)05522 Reference and AdminAStrative Information ch￿lty Name: Glenmuick (Bailater) Parish Church Cllarity Registration Number: SC005522 Congregation Reference No: 321927 Contsct Address: clo Elaine Adams Culsten Ballater AB35 SSH Trustees Rev David BaTr Elaine Adams lain Latta Eli7ab¢th Simpson Ivy Duncan James Clark Kathleen MacKay Raymond Carn)I Jillian Carrol Sheena KfflT David Horne Douglas Gl&8S Lesley Davidson Principal Offiee-bearers Minister: Session Clerk: Church Treasurer: Rev. D. Ba D. Horne E. Adams Independent Examiner MaTgaret Britten Hillsid¢ of Badentoy Portlethen Aberdeenshire AB12 4RR Bankers Virgin Money l Queens Cross Aberdeen AB15 4XU Trustees, Annual Report Year ended 31 December 2025 Strneture, Governance and Management Governing Docum¢nt The Church is administered in accordance with the t¢rn]s of the Unitary COnsti￿tion Recruitment and Appointrn¢nt of Trnstees Members of the Kirk Session are the charity trustees. The Kirk Session members are the elders of the church 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 preSby￿ry. Organisational Structure The Kirk Session is chair¢d by th¢ minister and meets several times during the year. The Kirk Session h&$ forn]ed committees dealing with fabric and fll]ance and s(Kial nlatters. Objectives and Activities The Church of Scotland is TrinitsTiaTh in doctrine. Refom)ed in tradition and PresbyteTAan in polity. It exists to glorify God and to work for the advancement of Christ's Kingdom tbroughoth 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 Scotland through a territorial ministy. It ctroperates with otber Churches in various ecumenical bodies ID Scotland and beyond. Glenmuick (Ballater) Parish Church holds a service of worship 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, one held in our church and one at Crathie. Various groups including the Ballateers community choAr and a Walking to Health group use our church hall for their meeting5. Achievements and Perforniance Despite the fact that our minister vlas absent from May onwards due to ill health, we have tried to n￿lD￿aIn our regular calendar of events during the year. We held two Ststed Communions in May and November. The church was once again open during the day over the summer welcomin8 many tourists who came to Bailater. Our Harvest Thanksgiving service took place at the beginning of October 2025. In December we had a bingo night in the golf club to raise funds to help with our ongoing running costs. This was a very success￿1 evening enjoyed by all and raised £800. We continue to have refresl)n]ents served after the Sunday service, which allows members an opportunity for fellowship after the servi¢¢ and we thank all those who belp on Sunday momings. Financial Review The principal sources of income continue to be Gift Al￿ weekly freewill offerings. ordinary offerings and donaiions. Our membership numbers continue to fall and total donations this year have fallen by 130/0 cornpared to last year. Free Will offering and ordinary offering donations are similar to l&st year while Gift Aid offerings have fallen. Income from the rental of premises has decreased with fewer funerals than last year and no weddings. Hall rentsl income has increased with regular generous contributions from the groups ￿illg the hall. We received two legacics in the year totalling £6,000 neither of which put any restriction on their use and so th¢y have been added to general funds. Our fundTaising ￿ from the bin80 night held in December and coffees after the Sunday Service. Bank interest recelved is lower than last year du¢ to interest rntes falling. Other income received was made up of all insurance claim for the Temoval of an unsafe tree in the manse garden and reimbursements for pulpit supply costs for Sunday services during our minister's period of absence. A balance of £13,185 of Giving to Grow contributions remained outstanding at the year end. Before the year end, a finance group w&8 fornied to explore ways to reduce this balance and Presbytery were approached to ask for assistance. We also had discussion5 with a member of the Stewardship team about digital giving and we are in the process of setting up ways for visitors and members to donate ￿SIng this metbod. We will also continue to explore fimdTaising ide&s and other opportunities to increase OUT income. Reserves Policy It been the Trustees, wlicy to try to hold sutTicient r¢serves to cover approximately twelve months expenditure but following a review, we have decided to reduce this to six months. Ai the year end the Church beld unrestricted c&sh funds of £19,875 of Nvhich £2,710 had been designated for the t"abric fund £268 to the flower fimd and £10 to the heating fimLL The remaining balance of £16,887 would cover 960/0 of six month's expenditure excluding fabric repairs and maintenance costs, although if we had paid the remaining liability for Giving to Grow of £13,185, the balance would only haTre represented 210/0 of six month's expenditure. The TnLStees are looking at new ways to increase income in the coming yeaT including digital giving to try to build up OUT reserves. The church also held restricted funds of £10,664 wbich have provided for the purposes specified in Note 2 to the accounts. Statement of Trustees, Responsibilities The members of the Kirk Session must prepare financial statements which give sufficient detail to enable an appreciation of the transactions of the Church during the fuwicial year. The members of the Kirk Session are responsible for keeping proper accounting records whiclL on requesL must reflect the fuwicial position of the Church at that time. This must be done to ensure that the financial ststements comply ￿7th the Charities 8nd Trust¢e Investment (Scotl8nd) Act 2005, the Charities Accounts (Scotlond) Regulations 2006 and the Regulations Anent Congregational Finance approved by the General Assembly of the Church of Scotland in 2007. They are also responsible for safegLwding the assets of the Church and must take reasonable steps for the prevention andlor detection of fraud and other irregularities. Approved by the Trustees and signed on their behalf, D. Horne Session Clerk Date . Glenmuick (Ballater) Parisb Church SC 005522 Independent E38mfiner's Report to the Truslees of GlenDyuick (B￿ter) Par&sh Cburcb I report onthe a¢￿unts of the ￿lty for the year ended 31" Decembcr 2025 Tpknich are set out on pages 6 to 11. Respective responsibilities of lrnstees eumin¢r The charity's trustees are responsible forthe PTepardtion ofthe accounts in accordance with the terms of the Cbarities and Trustse Investment (ScotlaDd) Act 2005 and the Charities Awutts (Scotland) Reguiaktons 2006 (as amended). The charity trustees consider that the a}￿lt Tequiremffljt of Regulation 10(1) (d) of the Accounts Regulations does not apply. It is my responsibility to exomine tbe ac£ounts &8 required under section 44(1) (c) of thc Act and to state whether p8rticular matters have come to my attentio Basis of independent examiner's statement My ex81ni￿on ks carried out ill awirdance with Regulation I l of the Charities Accounts (Scot18nd) Regulations 2006. An ex¥m1￿￿on includes a review of the a¢counting r￿ordS kept by the charity and a cOmp￿lSOn of the accounts PTesented those records. It also itrludes consideration of any unusual itetDS or disclosures in tbe counts, and seeks explanations from the ttIL8tees concerning any such matters. The procedures undertaken do not provide all the evidence that would k requEred in an audiL and CODsequently I do not express an audit opinioll on the view given by the accounts. IDdependeDt exwni￿er'9 statement In the Course of my examin￿0￿ no n)att¢r has come to my attention.. l. vA)i¢h gives m¢ reasonable cause to believe that in any matertal re$r￿t the Tequirements: to keep accounting records in aw[daJ￿¢ with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 A¢counts Regulations, and to prepare accounts which accord with the aCcO￿tillg re¢or(Ls and cornpty with Regulation 9 of the 2006 AccouThts Regulations have not iwi mel or 2. to which, in my opinion. attention should be drawn in order to enable a PToper understaThding of the accounts to be reached. marg￿et Britten Hillside of Badentoy Portlethen Aberdeenshire AB12 4RR Date: 5th May 2026 Glenmuick allater Parish Church Recei tsandPa meDts Account Year ended 31 December 2025 Unrestricted Funds 2025 Restricted Funds 2025 Endowment Funds 2025 Totsl 2025 Total 2024 Recei Note Donations 20.869 6.000 1214 110 20.869 6.000 1214 417 23.966 3,000 865 Legacies Fundraising Bank & tkposit inteT&%t Investment income 175 132 468 28.193 175 2,596 30.964 30.763 Rentsl of premises Grants 2.688 2.688 211 3.100 211 3.025 2.616 3,025 1616 3.172 476 From Cons Fabri¢ Rev Other receipts Total Recei 386 39.504 Costs of generating funds Cost of Chydritsble a¢tivitAes 121 121 87 37.725 41.525 36.758 ments 37,846 36.845 Total Pa (Deficxt)l excess of Receipts over Payments for the year before transfers (1324) (2..514) 1,696 (2.142) 666 Transfers Exeessl(defAeit) of R¢eeipts over Payments for the year 666 514 1.696 Glenmuiek Church Statement of Balanees allater Parish At 31 December 2025 Unrestricted funds Restricted funds Endowment funds Total 2025 Total 2024 Iyote Bank & De osit Balantes Bank & deposit balances brought forward 21.199 13.178 15.102 49.479 48.813 Movement ID year= {DeficityExcess of Re(*l￿S over Payrnents for the year (1,324) (2.514) 1.696 (2.142) 666 Bank & dewsit imlan Carried forward 19,875 10.664 47J37 49,479 Investments at market value Dr Ethel Emslie Trust Fund (Cost £31,207.50) Assets 125 125,560 ￿60 116 435 Electric re￿nd due Pulpit supply refund 914 7(K) 700 700 700 914 Liabilities Giving to Grow contributions Pulpit supply fee Minister's travel expenses 13.185 loo 13,185 100 9.230 234 13385 13285 The accounts were approved by the Kirk Session on For and on behalf of the Kirk Session Se&sioD Clerk Treasurer Glenmuick Ballater Notes to the Accounts l Trustee Remuneration and Related Party TraDsaetions One trustee received reimbursement of expense5 totslling £5,943 during the year. No trustee or a p￿SOn related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year. 2 Mov¢meDts in Funds Parish Church At31 At l January 2025 Reeeipts Payments Transfers 2025 Unrestricted fuDds General Fund DeSig[￿ed He*ing Fund Designat¢d Flower Fund tksiwted Fabric FuTLd8 18,888 io 168 2.133 21,199 30216 (32.217) (o) 16,887 io 268 2,710 19,875 6.206 36,522 5,629 37,846 Restricted Funds New heating system FabTiclorgan lund Sunday School 112 12.741 325 112 10,227 325 10.664 386 (2,900) 386 2,900 Endowment funds Ethel Emslie Fund 15,102 2.596 9￿ 16.798 Total funds 49,479 41,646 oses of Desy ated Funds Fabric Funds". The Trustees previously set aside fill)ds for the maintenance of the Church propety. Flower Fund: Funds have been set aside for floral displays in the church and for flow¢r gifts for pastoral care. Heati Fund: The balance represents funds set &side for heating costs in the church. Pur os¢s of Re5triet¢d Funds Fabriclor an fund. 1.wo legacies Teceived in 2023 stttified that the monies had to be used for nuintenance of the fabric of the buildings and the organ and so these are held in a restricted funLI New Heati Fund: This is the balance remaining from funds set aside for the insta]lation of new infrd-red heaters in the church in an earlier year. Sunda School Jam Hearts ". This funding was set aside for the runni￿ costs of the group. The Sunday School has not resumed post pandemic. OS￿ of Fandowment Funds Income from th¢ Dr Ethel Emslie Fund is used to help persons in need of financial assistance who are members of Glenmuick (Ballater) Parish Church or reside in the parishes of Tulli¢M Glcngairn and Glenmuick. Unrestricted Funds 2025 Endowment Funds 2025 Funds 2025 Tots] 2025 Total 2024 3. Analysis of Donations WFO S¢hem¢ (non Gift Aid) Gift Aid th)natio￿5 Tax ReCoVe￿d on Gift Aid tN)nati Ordinary Off¢riJJgs (O￿n Plate) Other Offering4 Donations et¢ 1.895 9,608 3,840 3.684 1.842 20,869 1.895 9.608 3.840 3,684 1,842 20,869 1.950 11.539 5.054 3,129 2.294 23,966 Analysis of Rental of premises Weddings Funerals Use of hall 1,280 1,408 2.688 1,280 1.408 2,688 2.880 220 3.100 5. AD*lysis of Other Receipts Pu]pit supply reirnbursed InsuraTKe refim¢kd Electri¢ity tefund From Fiow¢r Fund ￿OUnt 1,546 1.070 1.546 1,070 328 148 476 2,616 2,616 6. Analysis of P8ymeDt$ Costs of generAting funds Offering thvelo￿s 121 121 87 87 121 121 Charitable activities Giving to Grow all￿allOn Presbytery dues Minister's C￿nseS E￿Ipli supply Other staffing costs Fabric repairs & maintena￿¢ Heat and light Council tsx 12.718 1,202 1,977 2.812 4,432 2,604 2.742 3.966 4,886 12,718 1,202 1.977 2.812 4.432 5,304 2,742 3,966 4,886 12,953 856 2,776 229 4.140 2,537 2,060 3,633 4,610 79 603 2.282 36,758 2.700 FloweT Fund Orgall & Tnusic Other expenses 246 140 37.725 200 900 900 1,040 41,525 Minister's Stipend All Church of Scotland congregations contribute to the National Stipend Fund ￿thieh bears the costs of all ministers, stipcnds and employer's contribulions for national insurance, F¢nsioD 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 y¢ar under review the minimum stipend was £32.433 and the maximum stipend (in the 5th and subsequent years) was £39.856. 2025 2024 8. Coll¢¢tions for Third Parties Th¢ Salvation Arn]y Ballater Victoria Week 120 120 240 io APPENDIX FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CItURCH OF SCOTLAND GENERAL TRUSTEES 2025 2024 CAPITAL ACCOUNT Credit Balances held at 31 December at cost 83,010 83,OOS Market v￿lle of Balances at 31 December 103J73 97.582 REVENUE ACCOUNT CreditJ(Debit) Balance at 31 December 22 Notes l. Glengairn Church Sale The net proceeds of £134,696 from the sale of Glengairn Chwch which were lemwrarily held in an investment account with the Church of Scotland Inv¢stors Tn￿l Deposit Fund at 31, December 2014 were reinvested as follows: Consolidated Stipend Fund £45,000 Consolidaled Fabrlc Fund-capital £89,696 During the year ended 31 tk¢¢mb¢r 2022 636 units of Growth Fund units were sold to assist with the cost of the new heating system. The cost and market value of total holdings at 31 D￿ernber 2025 is shown above. 2. Revenue Account Dividends from the Consolidated Fabric Fund holdings are credited to this account. The total income for the year was £3.397.21 which includes dividends of £3.330.63, interest earned on the Revenue Fund of £66.37 and £0.21 intercst on the Deposii Fund. £3,025.41 was drawn dowTh from the fund in December 2025 to cover the buildings insurance element of our insurance premium.