The Church of Scotland Kincardine Coastal Church RECEIIYS AND PAYMENTS ACCOUNTS 2024 Congregation No: 311916 Charity No: SC 005679
Reference and Adrninistrative Information Charity Name.. Kincardine Coastal Church of Scotland Charity Registration Number.. SC 005679 Congregation Reference No.. 311916 Contsci Address: Tru.IteeA Principal Officeabearers Minister.. Session Clerk Church Treasurer..
Reference and Administrative Information Independent Examiner Bankers Bank of Scotland Upperkirkgate Ab¢rd¢¢n
Trustees, Annual Report Year ended 31 December 2024 Structure, Governance and Management Governing Document The Church is administered in accordamce with the ternis of the Deed of Constitution (Unitary Forni). Recruitment aDd AppointmeDI of Trustees Members of the Kirk Session are the charity trustees. as listed on page l. The Kirk Session members are the elders of the church and are choscn from those memkrs of the church who e con5id¢r¢d to have the appropriate gifts and skills. The minister. who is a member of thc Kirk S¢ssion, is elected by the ¢ongr¢8ation and inducted by Presbytery. Orgallisational Structure The Kirk Session which meets six times a year is responsibl¢ for spiritual affairs within th¢ chh. and is also responsible for Finance. Property and Stewardship matters. Objeclives and Activities The Church of Scotland is Trinitarihn in doctrine, Refornied in tradition and PresberiaTr in polity. 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 io bring the ordinances of religion to the penple in every parish of Scotland ihrough a territorial ministry. It ¢o-operatcs with other Churches in various ecumenical bodies in Scotland and beyond. As a r¢sult of the Mission PlanTJing proc¢ss within the Church ot. Scotland, and folloiving the svcccssful Coinpletion of the fornialities, the Congregations of Portlethen and Newtonhill Parish Churches merged on I st Janiiary 2024 to fonn ihe congregation of Kincardinc Coaslal Church of Scotland. We continue to wotEhip in botli church buildings each Sunday with a joined service on the last Sunday of ea¢h month. At this point the FK)Sition of Minister was i JL'lI)l ¢lll(l Kii)I"kjiiiJ through the forn)alilies, we commenced our search for a n¢w ministcr. preached as sole nominee on 8th September and was duly appointed. On I", ill I Ictnber IILld an Induction S¢rvi¢¢ for hitn in Portlethen Church which was led by n behalf of North Eic St & Northerii 151¢5 Presb)Qery. Following th¢ servicc w¢ had an exccllcnt social event to welcome We are very grateful 10 vacancy and llo wa5 our Interim Mi)deTator during the pcriod of ¥i'ho looked after us well hs Locum Minister.
Truslees, Annual Report Year ended 31 December 2024 Objectives and Activities (cont) We have enjoyed a number of fundraising and social events throughout the year. The car-wash fundraising ran monthly from April to November, Soupa Tuesday ran monthly outwith the summer munihs, the Craft group & tlic Lunch Club meet every second wcck and ive ar¢ grat¢ful to the volunteers for providing these friendship and fellowship opportunities as well as the fundraising. The church hosted the Tea & Coffee area at the local Skaleraw Fayre. We hosted a Spring, Craft and Christinas Fayres. Wc h¢ld a brilliant Qiiiz Night and a Wreath Making ¢Yening. We also raised funds for others with collections for Brain Tumour Trust from Carol Singing in Newtonhill and from collections at our Christmas Services. CrossReach, Christian Aid, Ab¢rdeen Cyrenians and Fairtrade Foundation as well as an ongoing food collection for Th¢ Lardcr, Portlcthen. Our fjir15' Brigade Company, 1st Newtonhill, meets on a Monday evening bctwccn 6..30 and 8:30pm and currently ha5 around 35 girls and 5 leaders. They had a busy year with competitions in Fcbruary. At their p&rents evening in March all the girls were presented with the badges they had earned and Ihey had a great eveiiiiig showing off all they had achievcd. In April th¢y held a Bcc themed fiindraising evening to support company fiinds and had an amazing time. The Juniors {girls in primary 4 to 7) then joined with other girls in the Aberdeen area to Camperdown Park in Dundee. We started back in August and 5tart¢d to work on our new badgcwork in th¢me Be a Boss Bcc, all akniit helping the girl8 to be the best versions of themselves. In August they look part in the C¢l¢brate Aberdeen Parade and then in October took part in the turn up Divisional cOmlIti0nS having great fun. In December they did their own infornial nativity pl&y and then finished the year with a great Christmas Party- A branch of the Church of Scotland Guild met on Seven occasions this session and currently has 12 members. They support the education of Sary in Indonesia, the national Ciiiild Pi'ii ccts & the church. 'I'li¢ li<iiL iielcomed interesting speakers, including a talk from on the thenic. from th¢ National Guild Cofflmittee gave a talk about what happens on the National 0[li}IllI, A very intereqtino talk frotn AberNecessities and a Christmas lunch al the Station hotel in Stonehavcii. -Jin¢ along told us all about Zimbabwe & after our AGM & Bring and Buy for the Guild Projects wc had a talk from the Red Cross. Our Sprtng outing was most enjoyable lunch out. Th¢ GLiild organises ihc Carol singing round the village & the World Day of Prayer. We are represented on Guilds Togetlicr North East by our Convenor. They have a small group of members based in Newtonhill and we hope more will join us when we 80 back in September. Achievements and Performance The Congregation had 408 mcmbcrs at 31st December 2024. Ther¢ ar¢ 40 adults who are significantly involved in the life of the congregation without being mcmbers and 37 young people under the age of17 a associated with the life of the ¢on8re8ation in various ways.
Trustees, Annual Report (eont) Year ended 31 Deeember 2024 Finaneial Review We hav¢ ¢hanged our method of preparing these accounts to be on the R¢¢eipts and Payments method, this has necessitated the restatement of 2023 ¢omparatives. Following the merger of Portlethen and Newtonhill Churches, we adopted acquisition accounting and the funds from Portleth¢n ¢an be seen as Transfcr of Union Balances in each of the fund5. We al%0 look the opportunity to ralionalise the funds held. The surplus for the year of £43.794 is entirely as a result of the transfer of funds on union and without it we would have made a small loss of £178. The comparative 2023 figurcs are for N¢Mrtonhill Church only, wherea5 the current year Accounts are for the new joint church. Oiir income and expenditure therefore looks significantly different from previous years. Reserves Policy It is ihe Trustccs. policy to achieve and hold reseryes of approximately Six months expendttyre in addition lo designated funds. At the year end the Church held unrestricted cash funds of £67,439 of which £22.142 had been designated for fabric fund. The remaining balance of £45,297 represcnts alx)ui 5.5 tnonths ¢xpei)diture. wliich is lower than the truslees would like and we will consider options to remedy this during 2025. The Church also held £23,009 of restricted funds whi¢h have been provided for the purposes specified in Note 2. The Sheila Shearer Fund is held in trust by the Church of Scotland and is valued at £11,324 Statement of Trustees, Responsibilities The members of the Kirk Session must prepare financial slalements which give sufficient detail to enable an appreciation of the nsactionS of the Church during the financial year. The members of the Kirk Scssion are restK)nsible for kccping proper accounting r¢cord5 which. on rcqucst, must reflect the financial position of the Church at that time. This tnust be done to ensure that the financial st&tements comply with the Charities and Trustee Investment (Scotland) Act 2005, the ChaTili¢s A¥¢ounts (Scotland) Rcgulations 2006 and the Rcgulation5 An¢nl Congrcgational Finance pproved by the General Assembly of the Church of Scotland in 2007. They are also responsible for saf¢guarding the assets of the Church and must take reasotiable steps for th¢ prevention and/or d¢le¥lioii of frdud aiid oth¢r irregularities. Approied by ihe Tnistees and signed on their behalf, Date . ZDZS
Independent Examiner's Report to the Trustees of Kineardine Coastal Church of Sc( I rew)rt on the accounts of Ihc Lharity for th¢ y¢ar ¢nd¢d 31 st D¢cemb¢r 2024 which arc set out on pages 7t0 12. Respective responsibililies of trustees and examiner The charity's tNstees are responsible for the preparation of the accounts in accordance with the tenns of the CharitlC5 and Ttvslee Lnvestment (S¢otland) Act 2005 and the Charitie5 Accounts (Scotland) Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10(1) (d) Df the Acct)unts Regulations does not appl).. It is my responsibility to examinc the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention. B*si$ of independenl examiner'5 St&tcmcnt An examinRtion is carried out in a¢cordanLe with Regulalion I l of the Charities A¢¢ounts (Scotland) Regulations 2006. An examination includes a review of the accoiinting recnrds kept by ihe charity and a cotnparison of the accounts prescnlcd with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the tru5te¢s Concerning any suoh matters. The procedures undertaken do not provide all the evidence that would be required in an audit, aiid cons¢quently I do not exprcss an audit opinion on the view given by the accounts. Indepcndent examiner's $tAtement In the course of my examination, no matter has come to my attention which gives me reasonable cause to believe ihat in any material respect the requirements.. to keep accounting records in a¢cordaThce with Section 44 (1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and • to prepare accounts which a¢cord wilh the accounting records and ¢omply with Regulation 9 of the 2006 Accounts R¢8ulalions have not been me¢ or to which, in my opinion, attention should be drawn in order lo enable a proper understanding of the accounts to be reached.
Kineardine Coastal Church of Scotland Recei ts and Pa ments Account Year ended 31 December 2024 Unrestricted Restricttd Ekndowmtnt Funds Funds Funds Totsl Restated 2024 2024 2024 2024 2023 Recei Donations Activities for Generating Funds Bank & Deposit interest Note 51,756 7,746 1,896 61,398 1.095 52,851 7,746 20,436 81,033 20,297 3,318 7,637 31,252 144 18,396 18,396 ,239 Rental of premises Receipts frotn General Tru5t¢e5 Transfer of Union Balan¢¢ 17,858 17,707 36,742 17,858 17,707 43.973 7,231 Total Recei 133,705 8,470 18,396 160,571 31,958 PA tnents Costs of generating funds Charitable aciivities 83 83 83 97,964 897 17,833 116,694 28,904 Total Pa ments 98,046 897 17,833 116,776 28.987 Exce35 of Receipts over Payments for the year before transfers 35,659 7,573 563 43,794 2,971 Transfers Excess of Receipts over Payments for the year 35,659 7,573 563 43,794 2,971
Kincardine Coastal Church of Scolland Ststemenl of Balances At 31 December 2024 Unrestrlcted Re5trlcted EDdowmeDt Funds Funds TotAI As RestAted 2024 2024 2024 2024 2023 Note Bank & De sit Balances Bank & dep05lt balance5 brought forward 31,779 15,436 10,762 57,978 59,888 Movement in year: EXCLSS of Rcctipts oY¢r Paym¢nis for the year 35,659 7,573 563 43.794 2.971 Bonk & dcp051t balMc¢5 GHrricd forword 67.439 23,009 11,324 101.772 62,859 Investments at market value (cost £15.3381 40,245 40.245 Assets Gift Aid R¢c¢ivable Refund from Cenlraj Fabric fund 9,0(10 7,142 500 9.500 7,142 3,879 Liabilitie$ Ileal & Light costs foT HlIest) 6.51X) 6,500 595 The accounts were approved by the Kirk Session and FinanciMI Board on 30104125 For and on behalf of the Kirk Session and Financial Board
Kincardine Coastal Church of Scotland Notes lo the Accounts Year ended 31 Decetnber 2024 l. Trustee Remuneratioll Ilel:Itcd I'arty TrAllsACtions During the ycar vas reimbursed for expenses incurred totallino £97? Of i¥"hich £854 was for reiiLOldl & di&tui'bdJlLL LOSts aiid £119 for travel expenses. In addition, who is a member of the Kirk Session received £2,454 for providing her services as or¥anisi during th¢ year. 2 other trustees wer¢ reimbursed a total of £50 for the cost of PVG checks. No trustee or a person related to a tn15tee had any personal interest in any contract or transaction entered into by the Charity during the year. 2. Movements in Funds AtlJaD At 31 Dec 2024 Re¢¢lpts P9yments Tr*n$f¢rs 2024 Unrestrieted funds Designaied l.'abric Fund D¢Sl¥nitl¢d M)ns¢ Fund General Fund 1,0 1,281 29.498 31.779 21,142 22.142 1.281 1,281 112.563 133,705 98,046 98,Q46 45,297 67.439 Restrieted funds Café Kirk Christmas Tre¢ Fund Extension Fund 7.179 7,230 229 400 180 1,706 1,961 636 12 1.718 1,781 Guild Holiday club Jaffa 538 717 636 33 33 1,196 3,244 92 JPIC Fund Souod & Communication Fund Sunday Fun Club Youth & Childr¢n'5 work Fund tk)nations to be pa55cd on 1.196 22 3,2Z2 92 6.094 157 636 7,330 157 15,436 8,470 897 Endowment funds Stipend Endoiymcnt Sh¢i14 8hcorrr Trnst.. Capital Revenu¢ 17,833 17,833 5,000 5,762 10.762 563 18.396 17,833 11,324 Total funds 57,978 160.571 11fi,776 101,772
Kincardine Coastal Church of Scotland Notes to the Accounts Year ended 31 December 2024 2. Movements in Fund5 (collt) oses of Desi ated Funds Fabric Fund This fund is to allow for unexpecled expenses for the fabric of the church Manse fund This fund is to allow for unexpected expenses for ihe fabric of the manse oses of R¢stri¢ted Funds Café Kirk ihis Tnoney is to be used on the agreement of the members of Café Kirk committee and the Trustees for future requirements of Cafe Kirk, ¢hur¢h outreach and future church development Chrislmas Tree Fund .. This fund is money raised to for an outside Christmas Tree 8¢t ihe church premises Extension Fund . This was collected for the consideration of an extension of the Newtonhill chUh building Guild This fund is for the exclusive use of the church Guild Holiday club = This fund is money raised for use in the Children's summer Holiday Club & has be merged with the Youth & Children's Work Fund) Jafta .' This fund is for the exclusive use of the children'5 midweek club - Jaffa JPIC (Justice, Pcace and Integrity of Creation) this supports Christian Aid, Fairtrade & Eco Congregation Sound & Communication fund .' This fund is to allow for the development and upkeep of the church Sound & Communication systems Sunday Fun Club . This fund is money raised by the Sunday Fun club for their own use Youth & Children's Work .' This fund is to be used for development of youth & children's work either within or without the church & includes the Margaret Donaldson fund ses of Endowmeni Funds Revenue from Sheila Shearer Fund is available for everyday use Capital from Sheila Shearer Fund (£5,000) is to be us¢d for future church development Stipend Endowment Fund is held by Central office, th¢ interest of which is used to pay toward the stipend 10
Kineardine Coastal Church of Scotland Notes to the Account5 Year ended 31 December 2024 Uttrestricted Funds 2024 Restricted Fund5 Endowmettt Fund5 2024 As Restated 2023 2024 2024 3. Analysis of Donat10115 Regular Offering5 T&x Recovered on Gift Aid Donations Ordinary Offerings (Open Plaic) Other Donation5 Other Donations Chrisimas Tree Fund Guild Income 29,006 10.675 9,914 2.161 29,006 10,675 9,914 2.318 400 11.548 4,890 2,210 1.047 157 400 538 538 603 51.756 1.095 52,851 20.297 4. Analysis of Poyments Costs of generating funds Offering envelopes 83 83 83 83 83 83 Charitsble activities Giving to Grow Contribu¢ions Pr¢sbytery dues Mini51¢r's expenses Locum Minister Costs Pulpit supply Organisis Costs Other starring c0515 Fabric repairs & mairt¢enance Council T Heal and light In5urMn¢e 21,536 2,136 1.623 l4,215 200 5.835 11.377 7,279 17.833 39,369 2,136 1.623 14,215 200 5.835 11.377 7,279 13,567 365 766 2,403 1.960 2,326 1,243 2.347 5.793 4,213 20,302 2.585 204 40 5.793 4.213 20,302 2.585 204 40 (hher building c0515 Church offi¢¢ exF¢n5e5 Organ & mu51¢ Printing, stationery and postage (hhcr expenses 150 410 626 626 Expenses frortl Organi5ationsRestricled Funds.. Guild Christmas Tree Fund Sound & Communicatiot) 717 180 717 867 180 1,199 28,904 97,964 897 17.833 116.694
Kincardine Coastal Church of Scotland Notes to the Accounts Year ended 31 December 2024 5. MiDlSter's Stipend All Church of Scotland congregations contribute to the National Stipend Fund which bears the costs of all ministers, stipends and employer's contributions for national insurance, pension and housing and loan fund. Ministers, stipends are paid in accordance with the national stipend scalc, which is r¢lated to years of setwice. For the year under review th¢ minimum stipend was £31.642 and the maximum (in the fifth and subsequent years) £38,884 A$ Reststed 2024 2023 6. Collections for Third PArties Aberdeen Cyrenians Brain Tutnour Research Christian Aid CrossReach Earl Haig Poppy collection Fairtrade Foundation Living W¢ll Project Newtonhill Guild 160 698 ,333 136 135 575 150 151 309 86 2,405 1,033 12
APPENDIX FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES 2024 2023 CAPITAL ACCOUNT Credit Balances held at 31 December at cost 14,627 Market Value of Balan¢¢s at 31 December 30.591 REVENUE AccOur Credit Balance at 31 December 4.941 TEMPORARY ACCOUNT Credit Balance at 31 Decetnber 236,122