KIRKCUDBRIGHT PARISH CHURCH OF SCOTLAND UNAUDITED FINANCIAL STATEMENTS 31- DECEMBER 2024 scorrisH CHARITY NUMBEIL.. SC005883 CONGREGATION NUMBEIL.. 080490 CARSON & TROTTER CHARTERED ACCOUNTANTS 123 IRISH STREEr DUMFRIES DG12PE KJTkrudb t P1ri5b Church of Scotl Tru$tet5' r¢ ear ended 31st December for the The Tn￿￿S present their 8nnual report and financial stst¢ments of the Charity for the year ended 3151 December 2024. The financi415tatements have bccD prepared in accord￿ the acthunung FKFlicie5 Set out on pages 10 to I I to the accounts and cottply wlth thc General Awmbly Regulation5 for Congregational FI￿aT￿. the ClJ#rities and Tntst¢¢ Investment {Scotlandl Aci 2005. the Cljarities A¢£ounts (Scow) Re8UlatiO￿ 2(K)6 (a5 am¢D￿l and A￿OUntIng and ReFK)ning by Chariiies.. StA*ment of Recommenw Practice applicable ¢0 clwiti¢s pr¢paring thcit ￿cOUllts in a¢¢ordatKe with th¢ Financ￿ R¢porting SthndaTd appli¢abk in UK afyl Republic of Ireland publ￿￿j1 on 16th July 2014. Prefaee Thts rqK)rL in thc -Objeciives and Activities" sectiory ¢oveT5 nwiy of the ongoin8 and routillc actsvities of the churc whilsi the "AchievcnKDts and PerfortDarKe- section roc￿e5 OD iDN)vauo￿s as as pmgrek4 in re￿ieWing 8nd refming initiatives & activities Mthich ha￿ been ongoing over the past )rar. Objectlves and aetlvltie5 Th¢ Church of ScotIa￿j was fowyjed in I5(￿). li is Triniwian in doctrine. Reforn￿l in tradition Presbyteri￿ in FrfTrlity. It exRsts ￿ gloTify fjod and to work for the advwKement of Chn"￿'S K￿8d0￿ throUg1￿l the world. As national Church, it acknowledges a disti￿live call duty ￿ bling the 0rditi￿￿ of Teligion io the po)ple in every parish of Scotland ¢brou8h a trrritoriaj miDiSty. The congtcgation's thi￿]0￿ sth*1￿11 is "KIrkC￿ngbl Patisb Church ￿ the heart of Kithuth8hL having Kirkcudbrighi Parish Church seeks io draw people towards devel(ryxn¢Dt of a personal and dwntD8 r¢lationship with Jes￿8 Chn5t as their Sa￿oUr a￿1 Lord. To this UML Sthices are held every Sunday well as faclliiation of number of Bible Study ￿ meetin8 at various times througknut ea¢h week. OLEr mint5ter a]s) personally initiated & faeilitsted a number of morning & evenittg subjec1-f1K￿s3Cd BAble Study Groups duTing 2023, aTrl ¢oniiuucd in 2024. of which nb)re detsil will be siv¢n in the "AthIrvc￿ atyj PrrfornwKc- ￿tiott Orth￿ rep)rL Weekly Sunday WoTship is off¢red ￿ two Serv￿. 1. 9.30am. Service.. Thi$ 15 mfonJal in style & held in the Church Hall. the Worship M￿S1C ￿tAB provided by a Praise Band and the t¢a¢kn8 and pra)rr5 kiog led by a TO4 ¢OASi51iDg of the Ministr and a number of TrLLStees. During Smiees. an area of the Hall is sd-asTde for ¢hildren of vaTiOWS ages to pafficipate in reading & art tivities. well Is J￿$1 io have fillL 2. 11.(K)am. Serrice.. This is more traditiotml iti style. albeit thE foTmat & pre5entstion varies from week io weck (k8an-led Worship music alternaies on a rots ￿ryth piano. which is accouwied by a rang¢ of insttimknts. Gyeai use is made of the four large DKJnitOT screeTrs stratrgically sitt￿￿4 around the sancwary to provide Yi5ua] illustraiion & 4rwmpaniment w the Senn0￿ as well as clear presatstion ol Hymn Ve￿eS and Scriptyre readings, Mthich ar¢ the source and the focus of th¢ preacbiDg and ￿a¢hll￿. A joini Service of Holy Cornmvnion is held in the Church fow times a year. OD the firsi SuThla)s of F¢bnwy, May, Au8USt and November. A le&s forn￿1 quarterly COull￿n Selvicc is ai50 celebrnted at the 9.30 am. Chw¢h Hall Servi¢e. A Bereavemeni Seryice is ananged annually in November. the name of Mthich svas cbange4 in 2023. 10 "A Service of R¢membrance" Anyone in the Parish of Whatr￿ dcDominaiion wTrM) experie￿￿1 grief over the loss of o loved one. At the end of 2024. tbefte Thrre 386 tt*mbers on th¢ ￿11 of the Parish Church a￿1 4 bapts.sD￿ 2 * and 26 Kirkt hi Pirl$h Chur¢h of Seotl*nd Trllstees. r¢ eAr 315t D mber 21724 Me&sy Church is an initiattve Successfully bv many Churrbrs ￿ encournge a more ititerdctive and creative Style of worship. Part of its tt)ixsion is io attr4Ct thlults 4nd chilthrn ￿ thke pan in ¥iivitics and to worthp iogether. This was bcgun Kirkcudbrighi in 2018 and h&s continued successfully as x regular ttK)nthly evellL We have been encourn8e in continuing thi5 1$ It gives OPIKlrtuniiy ￿ allr3ci & nheet aduiL8 as cljkn WIKI do wt otl)¢rwig£ attend our regular Services. Home fellotW5hip gTDUP5, iDvolTring up io JO ￿(¢*1¢, med e8ch ￿Tek iti differeni members, homts as well Ls in Church venutr. Th¢ir aim is to en¢c￿e fellowship & build relationshtw #s as to enhallce understa￿j￿¥ of Cbri*i discipleship. fait￿ and kTh)wledge of #mon￿ the r£mE¢rship. An activ¢ MullLS and TOLS gTOUP ruThs VAYJ a we¢k in th¢ Cbjrch Hall. staffol by chweh volutlleers. This also bTings an interesting mix of new f*ces ofparEnts & as wtjl &$ dK)s¢ of thildren tlYllLselir5. A church Friendship Group. Tun by Pa4ora] Care stsrted in (ktober 2019. It meets eyery Wethjethy from 2. 4.00pm. in the Church Hall (or eDtena1ti￿L irLstructioo di￿￿3$10￿ fellowEhtp aDd refresbments. li ]s a thrivmg group with an avera8e atwthce of 30 p4rticApant& The Parish Playets Drama Club involv¢s of the eojwytion aDd the ￿mmunity on tw The church 15 OFrn durin8 the on Tuesdays. Wednesdays Thurs(￿, ￿ alk•w ￿5110T5 and lo￿13 lo learn aboui tk hislory of our church aThl also ￿ exPene￿¢ the unique Spiritu￿ atsnosphc￿ present within saiKtiiary. This is 51affed by a rota of volunteer Trwste¢5 congregation memttts". Appr()x. 2,5(M) visi￿r8 were rlcorned by a ￿aM of volurtteers over ihe SUMM￿ p¢tiod. Significant donatioTLS wrr¢ Trcelvc￿ including valuable 5at¢s from the RcdryelopnM fimthaisin8 tsbl The church is also (m a numkn of cOmm￿ty Bro￿￿ in the towi including Commurrity Rotary. Fli5tory, Lilerary Sixieries ar#d Summer FestsVit￿s. The Parisb Church Hall has alwa>s been a popular vell￿ for maoy ¢ODllnunity actsvili&s, atd m4uy groups rent space in the Hall on a regular basis to a¢cornmod*te their aetivities. In 2024. for example. il a ll￿1n venue for the 'rkcudbrighi Ja72 Fc¥tival in JUDE. and Kith￿1 Fringe in Sepienthr. Kirkcudbri8hi PaTish Church with other Churchts ill variou5 eCUti￿] ￿dIeS in a￿1 Locally, we forn) part of an e¢utnenical gr0￿ing called Kukcudbright Churches T¢)gether ard work with sister ¢ongre8ati0Tr4 in KirkcudFJri8hi consi5tin8 of St Andr¢￿& & Si Cuthbert's Ronjan Catholic. KiTkcLKlbri¥ht CornTnuDiry Church a￿1 Gre￿"2T5 S¢oiiish Episcopal congregalions. Joinl smYe5 held in each othe¢s ¢hurches ai different limei in the year. as well as a jomt open &ir SeThi￿ trt the SEU)rn. A150 shaTcd ar¢ a nulllkn of joint study groups which takt place during Advent and t￿l On Christh￿S day. Chtsrclrs To¥ether sbares the of prowding & serving Chri5trn*s Ill￿h¢s itnmediaiely after the christi￿ S¢Tvices thken place. A¢hieY¢meDt8 *lld p¢rfomAnce With Covid relaod ￿￿tric￿l)n5 no Iongcr ar4>1i¢abk by 2023. OPPO￿lty WLS taken by our Session & Minister fo review current congre8aiional activitie% &$ wrll as ￿ ¢xplore inwkmentsllon of new c4y>rwnii1￿ the aim of COntributill8 to the mi&sioN11 ,,, di5ciple5hip. Our m1nis¢￿. ,11 4¢11 as in building depth & undts51aT￿ in of fatth & IniDiSter-facilithtrd SDiall Brilup IIIL't'III'.4', gave opwrnmity to rnernber5 & Oth￿ kn attelld these Ii) iiiTrie iogedTh to study, th5c￿$ aThl und￿￿ at a deeper level som¢ of thc importani turhings of the Scnpwre. A number ot"$￿1¥1 events ￿Tre a150 h¢ld & hosted by the rntniw and hi5 wife at the matLse, which also contributed to bU￿dIn8 of th"ethips wrythin the ¢ongregaiioTh Thc mIn￿￿r also Orwi￿d 8 "Tbrupenny Supprf in Septenkn. 2024 in the parish hall, A 50ciBI eveni that w&$ enjoyed by over I￿ po)ple. t P#r15h Church of Seotl*ttd Trust ear eDded 31st December 2024 Enwura8ement w&s also 8iven to Wll8rtg4tioDal m¢mirr5 of tr IM￿rta￿% of presenting a warni welcome to all wTrh) visit or atte￿1 our Services Is well as a requirement for us to be rnore Cornti￿ty focused by providing moT¢ Social (wortuniiies within ourpremists for Intorn￿l gel.iogethers e*. Witb that in min(L we hold regular Coffee (w¢n to alL and through voluntsry contributions at these. many th0ts5ands of po￿}d5 have been rdi5d for use by our Mi55ionary Part￿5. A FlThyjbw￿ operates from within the Church smg volunieeT5 malldy froln the variows chuychts within We coniinue io seek wdy5 to allow our Church buildinB th be made greater use of by the cothmu￿ty. In spite of cutreD¢ limited f2¢ilTtics ￿thin thc san¢nJary, we have been able to knsi a Jaa con¢it a Flower Festival: YaTiOUS Choral concens aThl at the FrinBe Festival. Th¢ church builthn8 provides an exbibiiion f¥ility for the annual Town Arts Crdfts Fair. as well as bein8 A major venu¢ Cor the atsnual KIrkcu￿righl Jazz Festival in June. For the firsi time the church was used as an alternate to outdoor 5FAce. in cases of inclemeni wtather. for the p)pular "Sc4)t¢ith Nights" organised by K]￿u￿right Sumtn¢r Festiviti￿ gnM4). Wc al￿ wtlwme io our Church each December over 2(K) hildrell from th¢ local school for a spccial Chn"strnas Sem"ce. and additionally IK)5t a special nativity presthttttion fornjcd by I￿al ckn"Idren's nursery. uliich alwa)s bnn8s many people wkn can ¢njoy our sallcw. Church Hall in 2024 seen I￿reased use by a number of coM￿ty Is VKII &$ Ch¥Tth gn)up& The investhKnt in Audio•Visu81 & connectiiity equipment contRDues to greatly enhance the WQTship expcrience, not just for those in thc 5ancw, bui a]so for th(￿ U￿ble io attend who are now able to w4t¢h the sern.￿ live at home by means of Zoom. Using the fow large monitor screens. the H)ryDn ThDrds. Scriptttye reathngs. and sernJon.relaied illustrntkons ¢an all now bc clearly displayed to tlKv PTe*Di. as well as to tlx)se wdtrlllng by Zoom. An addju0t￿l bcDefii of the A.V. investment. which has becn DMKh appre¢iatyJ by familias WIM) have experie￿ed loss. has been the ability in real time to bring iogethw friends & rclaiives from n]any Contiwjts ￿ be rye5ent with I1￿e in the Sattetuary and thus able to share ￿ burden of grief at the fi]nernl service of ther loved one. Our monthly Newsl¢i¢er also plays a vahthle Tok ID c4)DU￿￿￿O& with our memFw as as the Aryder eomDJunity of Kirkcudbright. 11 is seni out eltrtronically *% well ls in paper fo￿ and copies are a￿lIable ai lo￿1 trar(xTrm5 & othcr public venues Such as the ￿lIOr centre. Pom Office e*. Fort￿￿0￿)￿8 events as well other happcnings in Church life are all highlightrd and our minister contributrs a topi¢a] monthly me55age for all r¢adcr5. With the help of the new Cburth Office printcr. the New5kller h&$ t*en able ¢0 publish in cok>ur this )tar. a￿1 this been well receiv¢d by its 4(Mh readers. Our Church Redevelopment group 4iiticipaie progressing plaLs ID 2025 for the improvetncnt of the in￿10T of th¢ sanctuary, attd we are fortunate in haying an ¢nthusiaMic Fundrai5tyEvents Tegm who have been iital in implementing comnwrriry fo¢￿E￿ specified in Not¢ 16. P4t4 rkc Parlsh Ch￿r[b of Tru5tees' re rt "eir e￿ded Jl$i Dectrnber 20 Stru¥tur4 goyernallce and mallagement Governlng Do¢llmeit Thr CongT¢gaiion of Kiwkcudbnght Pansh Church is a rwstered Clwity. numbeT SCI)05883. [￿ring 2018 thc CongTegaiion thanged its coAwwtt'ona] positio￿ following th¢ priKedute5 by the Church of Scoiland. Until Apn'l 2018 it operated oft the basis of the Model ConsuDAion under a Ikcd of co￿51]1Ullon daied 2(hh May 1965. A r*w Deed of Constitutioo daied 16th April 2018. iswl by d¢leEaiion of the Gener81 Avanbty of the Church of ScotlArtd authonsiD8 a Uniw CoffjtiWtyXL OrgaDtsatlonai Jtrurture The Kirk Sc&siot) L8 chaired by the Minister. or SOTneone appointed to depuie, and meeL% ai le￿ Dine limts a year. It (¢)erates with the follo￿7￿8 list of Teams th repcffl b￿k to the Kirk Session". Fina￿t. Facilities Management.. World Mission; wors￿"p.. Pdstoral Cart. Mission and Educ4uoTh Communication. Chwch Red¢velopm¢nL These icaTtL c40 irKlud¢ elders ar¥J co-op*d membm T•ho are ¢lda5. Reertiitmenl appolnlment & tralulng M¢mbers of(he Kirk Sthsion are the chan.iy I"nNees. The KI￿ Session tnemkn are the elder5 of th¢ ¢bu￿b and TrK￿en from It￿se nmbers of the church art ton5idered ￿ bave the 4PPTopriatr gifts aDd skill& The ffjinistrr. who is a member oftbe Ktyk Sessiory is el¢rt¢d by tl* fODgr¢gaiion al￿ llbJuct¢d by Presbyreo.. Reference and admlnlJtratfv¢ det*lli Trustees The ffi￿tee$ wkn served 8t ony tin% th¢ )rar aryj up to & da* of this rerffi were as follow5: l OffKe- Minisier". Session Cluk dr¢rs ChAdty nunther: SC005883 Ch•reh oflke: CTrwch Hall. St Mary Streel Kirkcudbrighl DG6 4AA IndtpeTrdeDt Eumin¢v. & Trotter C.& 123 Irish Stree( Ihmfn'es. DGI 2PE Banken: Bank tpl. Scod4 192 kms Str¢c4 C￿¢ Lhugla& i￿7 IDB P*y5 Kirknrydbri t Parlsb Church ofscod*nd Trusiets, re ded 31 Dece for the 2024 Trumees, Responiibililies ia Rel•tloll io Ihe FknwEe￿I Statell￿nI• The chariiys TTusiett are responsible for prepanng a TnLs*cs' Anrtuai RqM)rt aTwJ Fin￿￿18] sts￿Ments in accord8n¢e with applicable law ond Uftitcd K￿￿(Tr￿ A(*OUlltiDg s￿￿]￿rth (util￿1 Kingth)m fjffffilly Aecewed A¢couttkn8 Practice). Thc law applicablc to charitie£ in Seotjynd require5 the ¢barity5 Tr￿1¢&$ to prw Pmawia] sthtrmeots for edch which show a tyue and fair of the Maie of affair5 of the cban.ty a￿j of the Incomi￿ resour￿5 and awlication of resourc¢s of th¢ chan.ty lor that p¢ricd In preKwing the fifywKial s￿￿Ments. TnLsiees are required to.. - select suithble account￿ policies and gpply them colts￿￿￿, - observe the mcthods and principles in thc Charitics SORTr 2015 {FRS1021: . make judgements al￿ e￿IMateS that are reasoJJable at]d prudent; . stste wthetber applicable accotmung ththrd5 have bccn followr(L subj.eci to ally n*tcrial th"sclOs￿ and explaincd in the fit]an¢ial ststements: . prcpaff thc fmancial stsieTtThts on the gomg cor*ern b&sis unlets il is itiapprwiat¢ 10 presu￿ thai the church will onlin￿ in operarion. The TnLStees aTE resp)Asible keepi￿ prow aCCOUnling re￿d$ which di5clox with r￿sOnable a¢cuTacy at any tallle the fllwKial wsition of the charity ar￿ to enable tF¢m kn ¢n3u￿ that financial 5tatcrnents comply with the Chariti&s and T￿￿ttt Inyestmenl {s￿tI2￿dI Act 2¢)05 and the Clwiiies Accounts {SCOtIa￿l} Regulations 2￿6 Ils amended). They are also r¢sponsibl¢ for safrguardwg thc LsseLs of the cl]arity aTrl hence for iaknng re4sonAble steps for the prevention and dthiion of fraud and other iryegularits¢s. Trustees are res￿)ng1b1e for the maintenaNc atkl intwAty of the chan.ty and financial jnfornwtion on the congregations's website. Legi￿atiOn in the Uniied K￿EdOM gov¢m1￿ the prep3Nion aTrJ disseminats.on of financ￿1 statements may differ from kw"slatxon in other Jurisdictio￿￿. Td Much 202J and sig￿￿ on theÉr ttbajf by Pyt6 udb t Pirl$b olSeoll*lld ent Eiamlner'5 R ri io ihe Try$iew of Kirktudbri ht Parnh Chryrch f l on the aw)unts of the thrity for the yearetthd 31s¢ 2024 ￿1¢h are set c￿1 on pages 8 to 18. Rejwtfvt rejpomslbulrfcs of and ejamlller The charitys mLSt¢es are tesp)ttsibl¢ for the preparation of the accowJTS ID ￿0[da￿t the tern￿ of the Cban"ti¢5 aTrJ rn¥tcLs Investnmt (S¢otlaryJ) Aci 2003 and the Clwi'iies Accounts IS¢otlandl Regulats.￿S 2(MK> #rnendcdl. The chariry trusiee5 fonsidei thai lh¢ awjil reqUIren￿nI of Regu￿10￿ 10(1 Kal to Ic} of the Accounts Regulatsons does not apply. It is my responsibility to exami￿ the accounts as ye4u￿ed und¢T 5¢£1i(m 44 (IX¢) of the Ac¢ and to State WF pani¢u]ar matter% have come to my attentioty B4s1s of independent examlner'i ststrment My ex8millation is wrioj in KcoftlZ￿ with Regubiion I l of the Cknities AccwTts (Scotl&Thl) Regulatiorts 2(M)6 (05 amend¢d). An ￿ami￿all0rt iTKluts a review of the a¢counbng records kept by the ¢hAn"ty and a ￿50n of thc ￿￿Ounts presented ￿7th th)se re&)rds. It a]so irt¢lwJes coLsMkTriion of any itellLS or di*iosuKs in th¢ accounts. and seeks explanations fTom ￿￿ttS concernin8 any gJ¢h maller5. The Pr￿ th) noi proiidc all the evidence that would be Yequired it) an a￿41￿ and GoJ•y I do DDI a￿￿"1 opinion on the view givcn by the 4CCo￿ts. IndependeThi ex#mlDer's st*ternelli a. thich gives Ill¢ Twonabl¢ ¢au8e ty bclieve that in any material re$￿th the r4uireM￿ts'. . to keep accounting reeords in *cordary¢ with s￿￿0￿ 44(IXa) of the 2W5 kn and Rc¥ulation 4 ofthc 21K)6 Accounts Regulatio￿ and . lo prepare acwunts wd]icb accord w?th accrAmtitig re£ords con¥)ly Regulation 8 of the 2W6 A¢rAx￿ts Re¥ulationq: have nDI been met" or b. ID my opEni(m￿ attention sknld be drnwtt in order to enabk a Unde1￿lDR of the xcounts to be Carson & Trotter Ch•rt¢red Accoullt*nii 123 Irlsh Street Dumfrie5 DGI 2PE D*te: 24th Mareh 2025 P￿¢7 Klrkcudbrl ht Parlsb Church of S¢otlaDd Statement of Fin•llciil Actlilties for the ear ended 31st De¢embfT 2024 Tot*l Ullr¢Atk￿ Restrtcted Fundi Fllnd Fulld 2024 Total Fund$ 21123 (tytes Income and endowmenli from: Donaiions and leEacies Cbaritable A¢tiviiies Other Trddmg Activities Jnvestsnents 87.047 12,773 11,797 4.622 68.523 10,262 45,823 13.925 155.570 23,035 57,620 18,547 92.828 14,794 54.692 10.777 Tot*] in¢otne 116239 138.533 254.772 173.091 Expendltsre on: Raising fi]nds Charitable activities 4.036 I￿332 4.036 215,748 2,046 162,769 115.516 Total expenditure 104.208 115,516 219.784 164.815 11.971 23.017 22.727 Nei Ba]n￿(lo￿eS) on itivest 34,988 22,727 8276 17,768 Net ltttornel(expeDses) 11.971 45.744 57.715 26,044 Tr•nsfen b¢¢weell funds (2,512) 2,512 Net MoVeme￿t In fuDd* 9,459 48256 57.715 26,(H4 Reconelllxtion of funds: Total fuDd$ brought forwxrd TDt*l funds carrfed forward 186.IXI4 1,776,473 1.962,477 1,936,433 195.463 1.824.729 2.020,192 1.962.477 All income and extxndibjre derive from cont1Th￿ activiti The ststement of financi81 aetivities iti¢h￿¢S a]1 gaitLS and I0￿S rwised during tlr ￿T. The notes 011 p4gu 10 to 18 forn In llltegnl part of thtte fillAD¢i￿ s¢*tement& Page 8 I Pari￿ Cb•rrh of S¢otla uce theei ber 2024 Jl¥t 2024 2O2J Not Flied *ueti Tan8ible asscts io $4JOO lJ93,6 54,727 1570,902 1.048,128 1,625.629 Current *J*ets Debtors Cash ai bank and in batsj 12 24Jii 367.008 22.522 317.039 391119 Credlton: amountj f*llinE due within year Net turrent •sKts 339.561 13 (20,055 (2.713) 372,064 336,848 Tol*l Net assets UI20.192 1,962.477 Tht fuDd5 01 (he chlrlty Restrickd fun(ts Unr¢stri¢¢ed fi Designa*d fimd 16 I JU729 1,776,473 16 16 IW16 2JJ47 135.473 50.531 195,463 186.(K)4 Totsj ehariry fRndi 2020,192 1.962.477 The fJnaDcial statements were approvcd and auth(yiqed for iwe bv Ihe K7rk SN%itYt ¢iTr ??rd l{2rcTr 2nd Signed their behalf bj The note8 om 10 to 18 form Integr￿ p*rt of thae gt•tememt& Kirkeudbri t Church ofs(tstland ietnents ear ended 31*t Deeemb¢r 2024 for ihe Summary of Sig￿riC*￿t attounting polltiej The significant a¢counting policies applicd ID the prcpardtson of these financial siaiemcnts are set out ￿low. These p)licie5 have be¢n co￿ls￿￿￿Y applted ￿ all )rars presented unless oth¢TW￿¢ stat¢d. General information #Md basi5 of prep#r*tlo Kirkcudbrighi Parish Church of Scotland is a tharity regis1￿￿ ill Swtlatkl. The addre￿ of the Church and nature of activities are given in the trustres reporL Th¢ r￿M￿la1 Mai•nents have been prepared in accordance ￿th Accounw Rerorting by Charities.. Sthtement of Recommended Practice applicable to chariii&s pr¢paTing their accounts in aC￿rda￿e with the Financial Repotn'n8 Standard aPPh￿ble iti the UK 8TrJ Rcpublic of trcland {FRS102} i&sued on Tr6th July 2014 l&$ updated through Upda1¢ Bulletin I publis1￿d 2nd Febnwy 2016. the Financial Reportsng Standard applicablc the UK and Republic of IrclaThl. the chan.iies atKI TTus*e Investh￿l {S¢otl4nd) Act 2(KJ5 and the Charities Accounts IS¢otlar¥J) Re￿￿tIO￿Ls 21x16 (as atDeth). The ¢harity applid UpJat¢ Bulletiti l ￿ publislrd ￿ 2fy1 Febnwy 2016 tknB Dot irKlude a cash l]ow statenmit on thc grouThls that 11 15 appl>ing FRS 102 ￿10￿ I The charity CUbStitut&s a public b¢n¢fit entity defll*d by FRS102. The finItic￿ sthtements are prepared on a going ¢on¢crn basis urmler the hisiorical cost Conventio￿ mo¢Jified to iticlude c¢nain items at fair valu¢. The ststernents are presental ID s*rlm8 ￿l¢b is the futithional ¢urmKy of the clwity. 12. FuDd ac¢ountiDg General are unrestricted funds which ar¢ available for use ai discrtion of ￿ trus*ts in of the general objectives of the chan.ty and wthich have becn destgnated for otl*r purp)w. Designaied fun(L5 comprise unyestricted fiuth thai Iwve been sd aside by the trusiees for particu10rpu￿. The aim and use of de5i8wed fiuKI is Sd out in the tt)t&s to the fina￿￿1 ststements. Restricted funds are subject ¢0 iestri¢tioLs on their expendiDJre ith￿5¢d by th¢ donors or ￿1¢h have been raised by the ¢P￿lty for particular purp05ts. The cost of raisi￿ and administering such fiJnds charged against the specific fiumt Th¢ aim a￿j w 0f￿h restrKtrd fillmj is set iti the notes ￿ the fioancial statements. IJ. ID¢oJn¢ rttognitlo All income is included in the SOFA when the ¢harity is legally entided to the I￿o￿t after any perfornMnce conditions have been met. the amount can be reliably and li is probable that the income will For donaiioos to bc recogni5￿ th¢ ¢haTity will bave been notifiuj ofthe anM)unts 2nd the settlement dJ¢c. If the are ¢ondiiio]LS attsched tt) the donation 8NI this requi￿ a level of befor¢ entitlement can be obtained then income i4 deferred until tknse conditions are fuuy met or the fulfilmcDt of those conditiotLS is within the control of the ¢harity and il is probable that they will b¢ Mfilled. No amouni is i￿luded ID the financial ststellKnts for vohm*er lime in line with the SORP (FRS102). For legacie& entitkmeni is the ethier of the cknity bein8 t￿Mir￿d of an irllpumth￿ distribution or the legacy being received. Ai this ￿ltit iDcome is re¢0gtt￿. Ott ocwion lesacies will be notified ￿ the clwity however it is not Po￿lbIt lo Measu￿ thc WDOUnt to bc disth"butrd. OD thesc the kgacy is treated ¥ a contingent &s8rt a￿1 dixlosed. P•2e 10 dbrl ht *rfsh Church of Seod*Dd Notes to ibe Fin*￿¢1￿ St•ten*tyts rtbe ded 31st mber 2024 IA. Expendlture re¢ognition All ¢xpcnditurc is accountcd for on an accruals basis and I￿ been classthed ￿nder heathng5 that aggregatr all osts related io the category. Expendibjre is re¢owsed where there is a legal or cotLstructsv¢ obligation io make pairynens to third parti&q, it is probable thai s¢ttlcmeDt will bc required and the all￿vnI can ￿ nuwred reliably. Support costs are those that ￿7$¢ the wYTrrk of the clwity but do not diredly repre5¢trt tharithble a¢tivitie5 and nclude office costs and governarKe costs. & govenwtt Costs have been all(Kat￿ to activities ott a b&sis ¢onsisient with the use of the resourr¢s. T•nglble flxed *sseti depre¢l*tion The charity ha5 the right ￿ OCCUPY 2nd use for its ch•Titable Obj￿15 certain t￿gible fixed asscts. illcluding th¢ Church and It￿n5c, vested in the Church of Scotland Ge￿ra1 Tn￿l￿s. No consideration ts pa￿ble foT the us¢ of in the S￿le[￿en1 of Financial Activities in the peri(Ml in wFtich thc liabih'ty aTiS¢& All tanEible fixed haviTr8 4 value to the charity than one y¢ar. othrr than those acquired for specific purposes. are capitaltsed. Deprecialion is pmvided on a straight-11￿ basis to write off the cost or initial value, less re5ith]ai value. of r￿ed &wts oyer tr¢ir ¢stimatyJ useful h"ves: Church Hall Chyrch Silver Computer Equipment Iwjed ai valu*ioo no de￿73￿0￿ 4)plied Includd at valuati¢x4 w d¢prwintton applicd 33.3Y• straight IEDC IDveiiment propertles Invesknent properties a￿ Me&￿￿ ai fair vah* at cKh Yeporting datr with chang&s in fair value Tecognised in 'net gatn￿[lo￿￿> (m fair value movemcDt of investmcni pro￿￿ in the Sts*ment of Financial Activities. IDvesimeDts Fixed asset Énvcsto*llts are sthted ai their fair value ai tl* BalarKe SI￿et da*. Utirea]ls￿ gaiLs and losses represe0¢ the diffuen¢e benveett the rnatkd wdlue ai l*ginning end of the financial >ear or, if purchased in th¢ year. the difference betwe¢D com and market value ai the eDd of the ycar. Realised gains and Ios5¢5 rcpreseJ]t the differ•Ke beNteD the on d]SpC￿ atKI the markd vdue ai the Stan of the year or cosi if pur¢hwd ix) the w. Kirkcudbright Parish Church is recognised &s a ¢lwity for the purposcs of applicable thxalion legi51aiion and is therefore not subject to taxalion on its charithbl¢ ￿tiVitieS. The charity is not rc8iMered for VAT and resou expett&d therefore irKludc lrretiw￿l¢ input VAT. IDeDrne from doL#tions & legxfi Uurethettd Restrlt¢¢d 2024 21123 Off¢rings Tax recovered OD Gift Aid 61.146 11,882 61.146 12.512 44,940 18.642 241 18.089 63,294 15225 630 44,940 4.864 13.778 241 Other I￿oMe 14278 31 18.089 87.047 68.523 155.570 92.828 Of the income from doDatioTr8 & legxies in 2023. £85,412 was utwestricted aryl £7.416 re5tricwL P•ge Ri Kirkcudbrl t P•rish Churcb of Scotland Not￿ to tht FinsD Ill Statements for the ear ended 31st December 202 Incom¢ from th•rf¢able •cdvltks Unr¢strleted Restrkted 2024 2023 Weddings and Funerals Fundraistng a¢liviiies Coffee mornings eic 960 11,539 2,295 IlJ33 7,667 2.595 19,(*X) 2,595 12.773 10.202 23,035 14.794 Of the itKome from charitable ¥tiviiies iti 2023, £6.962 unresthctol £7,832 restricte& Income from other tr•ding aetivities Unrestrlcted Restricted 2024 2023 Rent receivable 11.797 45,823 57,620 54,692 11.797 45.823 57.620 54,692 Of r¢Dt Yeceivable in 2023. £9,975 atKi £44.717 r¢5trictyl Rcnts received included in unrestricted are for Hall lets a￿j tlM>5t itKluded ID TestrKt•l fimds are rents [￿e1Ved S. Ineome from i•vethDts ujwut￿tttd Re*Tieted 2(124 2023 Bank inter¢st Dividends re¢eivcd 4.622 8.347 5.578 12.969 5,578 5.819 4.958 4,622 13.925 18,547 10.777 Of the it)corne from itivcstsD¢nts in 2023. £2J16 uDrcstri¢trd and L8.461 Testil￿. O. Expendlture on rAlsing fuDds Unrestrkted Retrleted 2024 2023 Otb¢r Costs of Fundraising 4,036 4.036 2.046 4.036 4,036 2,046 Of the exFftditure on raisirtg fillds in 2023. £2.046 w&% UDr¢stricted. P￿t 12 Kirkcudbri h¢ Partsh Churth of 5¢od4Dd Not for the io ihe FinaD¢l*l Stat r tDded 31$t D¢¢tmber 2 ADAly3ts 0fexpeDdl￿rt on ¢harltable *¢tivities Unmtrleted Restrlcted 21124 2023 Giving to Gri)w all￿ation Presbytery dues Minisievs cxpeii Other Salary Cos CW'st Costs In5Urnll¢C LiBht and heat 49.542 1279 1.678 9228 1,913 7.949 8.501 4,464 4.826 JJ07 782 217 .592 227 49.542 1,279 1.678 9,228 1,913 7,949 8,501 4,464 4.826 3,507 982 217 ,592 227 780 180 4,527 2.31KJ 2.31K) lo1.(￿ ioi,(K)o 49288 1,279 1.494 8,140 1,725 7,142 5.292 4,579 4.365 3,403 1,054 775 1,122 14.421 (46J) 101 4J25 2.475 50,653 470 631 5(K) Office expenses COU￿11 T 2(W) Bookkeepin8 fees Dcpreciation Hall Fund exFaittwe Organ and Clock Fund expenthtu Fabri¢ Fund expThliwre World Church Team ex￿nd1￿￿e Athll)SOD Place ex￿din￿e Palmer Bequest Fund ex￿￿lI￿re Friendship Group expenses Mums & Tots ex￿ndin￿e R￿velop￿￿￿t Fts￿1 780 180 4527 1.230 1218 8.rf12 1.236 1218 8.602 l(K1232 115.516 215.748 162.769 Of the ex[￿￿1t￿re on charitable ¥tiviiies in 2023. £108,403 was uoYestr￿te4 £54,365 WTS restrictrd. Support & governance co*ts have been sepllTrtely identified as the Trus*&s ti)￿￿1der thcrc ts only i)nc chan"table actsvity. TI￿refOre SUp￿)rt cogs Yelatc w￿￿1}Y ￿ tha¢ a¢tivity and have ￿t be￿ separntcly identified. P•tt 13 Kirkclldb ' ht Parish hurcb DI Sco Notes to tbe Fininelil St*ttnMIts for the ear ended Jlst Detember 2024 Employees mber of employees The average number of employees during the year w¢re: 2024 umber 21123 Number Athnini5tration Employment to¥ts 2024 2023 Wages salaries 9228 8,140 All Church of S¢otlaDd wngregations contribute to the Natsonal sti￿ Futtd W￿"¢b be8rs the costs of all MAni5t¢T5' siipetKIs and enwloyefs contributioThs for National lAsurw, pettsion and knusing and loan Minisiers. are paid in accorda￿e with the natsonal stwd xale. wkn"¢h is ￿lated to years of scrYiGe. For the year under review the stiped w&5 £31,642 and the MxEimum stweThJ (in the fifth aTrJ subsequent years) £38,884. No CDwloyees rec¢ive4J remu￿￿0￿ to more than £60.(XK) (2023 . 1M)ne). Trubtee remuller*tlow and relited ￿rtY tr￿￿£tIOnS During the ￿T the Minister Wds rrimTrrtwstsJ for tsavel aDJ bro￿ costs tothlliDg £1.679 tkning the yrar a totsl of £14.670 was doratal to eoD8regkn"on by Tntste¢& P4e 14 Kirk¢Ndbri ht Parisb Church of Scotlind Notes to the SiatemeDts lor the 'e*r ended 31st December 2024 io. T*tt%ible fixed auetj Lalld and Bwlldt•gs Slfverware Church Orga Computer equlpmetti Tot*] Cost Iv*lMatio At 1st January 2024 At 3 Isi December 2024 42.5(K) 12.(MKI 20.(KX) 45.808 120J08 42.5(M) 12.(KKI 20,( 45.808 120.308 Deprecl*tloTr At 1st January 2024 Charg¢ for the year 20.(MK) 45.581 227 65,581 227 Ai 3 1st December 2024 20,tKKI 45.808 65.808 Net book values At 3 1st December 2024 42.5(M) 12,C 54.5(K> Ai 3 1st tk£ember 2023 42,5(M) 12,(KK) 227 54.727 The Church Hau and silvenvdre are I￿hthd in the awouots at a valuation pwvidcd by the TnLSW as Th) mark value is readily available. In the cir¢ullLStances the believc thai ￿ provision for depreciation on these assets should b¢ nMde alld ￿711 review th¢ valuatio￿ at each )tar t￿1 ty de*r￿ whether or not ty remaiD appropriate. Investm¢Jbts 21124 2023 At 1st January 2024 Gal￿{10&8) on investsnents .570.902 1,553,134 22,726 17.768 Ai 315t Deceml*r 2024 .593,628 1.570.902 Inv¢sftnents at 191,015 191,015 The followiDg investsn￿ are held: The Church of Scotlar*J Invcstors TftL￿ Growth FUNI Investsnent property 263.629 240,902 1.330.0(M) 1,330,000 1.593.629 1.570.902 The inv￿tment properti￿ aTe ID the a¢counts at a Y¥ah￿tIon provided by the TnLStees, bciDg estimaie of their fair valu¢. P*ge IS Kirkeudb ' t Partsh ch￿£h of Scotland Notes to the FI￿￿¢1￿ StstemeDts ror the ear eDded 31st December 2024 12. Debton: al] rectlvable withAn one year 2024 2023 Trade debtors Pr¢payments 22.868 1.643 20,932 1.590 24,511 22,522 13. CredltOT¥: dut T¥ithlD one ye 21124 2023 CreditOT5 20.055 2.713 20,055 2.713 14. Anllysis of Det #Mets betweett fundi Total URrestrkted De￿£￿#t¢d Restrlct¢d Funds F￿￿￿ 2024 Fixed a&seLS Invcslments Current assc Current liabililies 54.5(K) 54,500 1,593,628 392.119 (20.055) ,593.628 248,610 117.509) 31,093 {2.546) 112,416 28,547 166,916 1.824.729 2.020.192 15. Volunteers In common all congregation5 ofthe Churth of Scodand the c4)n8rwtion benefits from the ¢ontribution made by volunteer5 gtve their lime artd taleDts willingly for the benefit of the ChurtlL The aras of congreEatioDal life wthich rely on the contribuiion of volut)teer5 are ma￿Y and varied and much of th¢ activity would be unabl¢ to contittue wrw¢ li ￿)1 for th¢ slv)w P*y 16 rkeud ri ht P*rlsh Churth of S¢ott*Dd Noi be Fin*tt I St*tenhtrn ear tndfd 31st December 2024 for the 16. An￿y•s1 Of eh*rlt*bie funds B4l•nce OIIOlQ4 Bal•nce ID¢ome Expendltwt Trillsf¢n G*lnlODV) 31112124 Unre5trif led: General fijnds Designated funds: Fabric Fund Reservc FuTra Fund Redevelopment Runni￿ Fund Heart for Art FuDd Bequ&41 Fund 50531 99.446 {96,430) I25,(￿) 28.547 12.589 43.844 54,5 667 6.421 3.164 (4.527) 12,495) 25.1 11,988 72,008 54.5(K) 3.510 6.171 (3.311) 117) 23232 ,037 24,269 Tot•J Ullrestrict￿ funds 186.C 116,239 (104268) (2J12) 195.463 Restricted funds Organ and c1￿k FutKi Youth Projeci Fund Church Ret￿Vatio0 Fwxd World Church T¢am FvThl Atkinson PIKe F￿d pa]tt￿ Bequest Fu Hall Fund Mums & TOL¥ Friendskn"p Group Furrfl Kirkcudbrighi Churckn Together Redevelopment Projeci Fu￿1 17.597 10,762 37,777 286 1.626.081 21.336 552 1.186 806 220 59,870 0,462 436 1.959 2.715 52,183 714 (180) 23,879 11,198 39,736 701 21,614 1.598.678 23,163 {2.3￿) (lo12￿> (780) (1218} (1.236) 228 1227 1.195 701 340 125.138 120 71,586 (8.602} 2284 .776.473 138533 (115,516) 2.512 22.727 1.824.729 To1￿ IuDd$ 1.962.477 254,772 (219,784) 22.727 2.020.192 General Unmtrkt¢d Funds The TnLs*es can w these for the general d4y ￿ daYb￿SIDe$S of Chu￿h. Purposes of RHtrActed Funds A FOT the maintenallce of the Church Organ and the Sw1¢ Clock B For us¢ in relation to Church project5 involving p￿. C For renovauon work nece&w io the Church buildts)g. D For use by the World Church Team &5 requir￿4 in their ongoing proje¢¢s. E For the upkeep and ￿￿l￿tenance of rented ac£oM￿tiOn in Ahns HO￿ in AthllLq)n Place, in order to provide those residcnts of knkcudbright or its surn)unding paTIs1￿ or those •A75hing to rtside tn Ki￿CudbT1ghI whom the Tn￿lets in di5creiion coThsider are in need . having re8aTd ￿ their age. healdl means, personal circumstances. or conneciion to Kirkcudbrighi or KI￿c￿right PaTisb Churcl or any one or llM)re of swh cffiWi& F To award fitJan¢ial support to anyo￿ in the Parish or a mernber/adlTheni of the congregation WIM) is in fuwjcial. physical or emotional need atwj to wadc th¢ kitchen faciliiies ai Church Hau. G For improvements ￿ Church Hall faciliiies H To purchase equipThKnt for group whJ"¢h provides support ￿ nM)ther5 and chi]dTh. I To SUPFrf)n the on8oin8 activities of the Church's FriCtKLs￿"p Group. J To riDgf¢nce Wlltribuiio￿ ￿ the ccUmen￿l 5UFPrt group Orth￿ DanK. P•g¢ 17 Klrktlldbri t P•risb Churth tsf otlalld lo tbt Financial St*t t#r ended 31st DeteMb¢r 2D24 for the K For PTojecL5 and Purp￿ compming the rede¥ek￿ of the Churclj Buildi￿8 IlonneTly a Designaied Fund until tkcember. 2022). Purpo*% of DeslgnAied Funds A The Trustee5 have sd aside for the maintawce of the ChU￿}L Church Hall and Church Manse. B The Tn￿1¢¢$ have set asi(k fvn&s hcld in reserv¢ for Church use as required. C The TnLstres have sei aside a sum equivakni io the Val￿ of ¢ert4in fLxed &wts in the ac¢ounts. D For expenth'n￿e on the chU￿b thclopmeni is outwtth direct investmt in building projects or equipment. F Thc tr￿te¢S have set aside bwtsted to tl P*ge 18