## **The Church of Scotland**
## **Monigaff Church of Scotland**
**Trustees' Report and Accounts for the Year to 31st December 2025**
**Congregation No: 090517**
**Charity No: SC 006014**
01/08
**Receipts and Payments**
**Monigaff Church of Scotland - 090517 – SC006014**
## **Trustees' Annual Report Year ended 31 December 2025**
The trustees present the annual report and accounts for Monigaff Parish Church for the year ended 31 December 2025
## **Reference and Administrative Information**
Charity Name: Monigaff Church of Scotland Charity Registration Number: SC 006014 Congregational Reference No: 90517 Contact Address: Monigaff Church of Scotland c/o Mrs C A McQuistan Old Schoolhouse Carsluith Newton Stewart DG8 7DT **Trustees** Kirk Session: Mrs Margaret McDowall Mrs Margaret Shankland Minister: Vacant Session Clerk: Mrs Margaret McDowall Church Treasurer: Mrs Caroline McQuistan Inactive Elders Mr Alan Paterson Mr Archie Wylie
## **Independent Examiner**
Mr W Mitchell, 9 St John Street, Creetown, Newton Stewart, DG8 7JA
## **Bankers**
Bank of Scotland, 37 Albert Street, Newton Stewart, Wigtownshire, DG8 6EF
**Monigaff Church of Scotland - 090517 - SC006014**
## **Trustees' Annual Report Year ended 31 December 2025**
## **Structure, Governance and Management**
## **Governing Document**
The Church is administered in accordance with the terms of the Deed of Constitution.
## **Recruitment and Appointment of Trustees**
Members of the Kirk Session and the Congregational Board 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 Session, is elected by the congregation and inducted by the Presbytery.
## **Organisational Structure**
The Kirk Session, which is moderated by the minister meets at need, and is responsible for spiritual and administrative affairs within the the church.
## **Objectives and Activities**
The Church of Scotland is Trinitarian in doctrine, Reformed in 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 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 ministry. It co-operates with other Churches in various ecumenical bodies in Scotland and beyond.
## **Achievements and Performance**
Monigaff church is now closed following the demission of the minister in May 2022. The remaining congregation now worship with Kirkmabreck at the parish church in Creetown. The manse was sold in June 2024 and the church building was sold in May 2025.
## **Financial Review**
Due to the closure of Monigaff Church in May 2022 income from offerings has continued to reduce, although there are still some offerings, made by bank standing order, that have continued. There is also interest received from investments. Expenditure remained high due to the non-domestic rates being charged on the church as it was unused and the increased insurance payment that the vacant church incurred until the building was sold.
Overall there was a deficit of £326 in 2025, excluding the gain on the value of investments.
## **Reserves Policy**
It is the Trustees' policy to hold reserves as follows: General Fund: to meet the ongoing costs of the charity Fabric Deposit Fund: funds are restricted for the mission of the church
Investment Fabric Funds: funds & their interest are restricted to cover the fabric maintenance of the church and manse Investment Stipend Funds: income is used to support the stipend payments as agreed by the Kirk Session Consolidated Fabric Fund: held by the Church of Scotland general Trustees, the capital and revenue accounts support the cost of maintaining the church and manse
Overall the church had reserves of £300,607 of which £3,572 are not designated to a particular purpose. This represents just over thirty one months expenditure which is more than the policy of holding six months expenditure in unrestricted reserves.
**Monigaff Church of Scotland - 090517 - SC006014**
## **Trustees' Annual Report Year ended 31 December 2025**
## **Statement of Trustees' Responsibilities**
Charity law requires the trustees to prepare financial statements for each financial year which show a true and fair view of the state of affairs of the charity and its financial activities for that period. In preparing those financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operational existence.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees and signed on their behalf,
## _Margaret McDowall_
Mrs M McDowall Session Clerk
Date 22nd February 2026
**Monigaff Church of Scotland Church of Scotland SC006014 Independent Examiner's Report to the Trustees of Monigaff Church**
I report on the accounts of the charity for the year ended 31 December 2025 which are set out on pages 6 to 10.
## **Respective responsibilities of trustees and examiner**
The charity trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).
The charity trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
## **Basis of independent examiner's statement**
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent examiner's statement**
In the course of my examination of the statement of accounts for the year ended 31 December 2025, no matter has come to my attention.
1. which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations (as amended), and
- to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations
- (as amended) have not been met, or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## _William Mitchell_
## Mr William Mitchell
9 St John Street, Creetown, Newton Stewart DG8 7JA
Date 13th March 2026
**Monigaff Church of Scotland - 090517 – SC006014**
## **Receipts and Payments Account**
## **Year ended 31 December 2025**
|**Year ended 31 December 2025**|||||
|---|---|---|---|---|
|**Receipts**
**Note**
Donations
**3**
Bank & Deposit interest
Gain/(Loss) on revaluation of investments
Transfer from CofS General Fund
8
**Total Receipts**
**Payments**
4
Charitable activities
Third Parties
6
**Total Payments**
**Transfers**
**Statement of Balances**
**At 31 December 2025**
**Note**
**Bank & Deposit Balances**
Bank & deposit balances brought forward
**Movement in year:**
Excess of Receipts over Payments for the year
Transfers
Bank & deposit balances carried forward
**Investments at market value**
**General Account**
Church of Scotland Investor's Income Fund 2400 units
Church of Scotland Deposit Fund
**Excess of Receipts over**
**Excess of Receipts over**|**Unrestricted**
**Funds**
**2025**
**£**
640|**Restricted**
**Funds**
**2025**
**£**
0
3,370|**Total**
**2025**
**£**
640
3,370|**Total**
**2024**
**£**
881
3,968|
||640
0|3,370
462|4,009
462
0|4,849
-30
11,060|
||640|3,832|4,471|15,879|
||3,836
500|0|3,836
500|19,830
0|
||4,336|0|4,336|19,830|
||**-3,696**
840|**3,832**
-840|**136**
0|**-3,951**
**0**|
||**-2,856**|**2,992**|**136**|**-3,951**|
||**Unrestricted**
**Funds**
**2025**
**£**
6,428
-3,696
840|**Restricted**
**Funds**
**2025**
**£**
74,169
3,832
-840|**Total**
**2025**
**£**
80,597
136
0|**Total**
**2024**
**£**
84,548
-3,951
0|
||3,572|77,161|80,733|80,597|
|||15,946
59,463|15,946
59,463|15,484
56,933|
||0|75,409|75,409|72,417|
The accounts were approved by the Kirk Session and Financial Board on For and on behalf of the Kirk Session
_Margaret McDowall_
**Session Clerk**
_Caroline McQuistan_ **Treasurer**
**Monigaff Church of Scotland - 0905017 – SC006014**
**Notes to the Accounts**
## **1. Trustee Remuneration and Related Party Transactions**
No trustee received any remuneration during the year and no trustees received reimbursement of expenses.
No trustee or any person related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year.
## **2.**
|**Movements in Funds**
**Unrestricted funds**
General Fund
**Restricted funds**
Sunday School
Sunday School Project
Women for Christ
Fabric Fund
Church Mission Fund
Stipend Fund
**TOTAL FUNDS**|**At 1 Jan**
**2025**
**£**
6,428|**Receipts**
**£**
640|**Payments**
**£**
4,336|**Transfers**
**£**
840|**At 31 Dec**
**2025**
**£**
3,572|
|---|---|---|---|---|---|
||6,428|640|4,336|840|3,572|
||109
2,015
160
-533
56,933
15,484|0
0
0
0
2,530
1,302|0
0
0
0|-840|109
2,015
160
-533
59,463
15,946|
||74,169|3,832|0|-840|77,161|
|||||||
||**80,597**|**4,471**|**4,336**|**0**|**80,733**|
## Purposes of Designated Funds
General Fund: This fund is used for week to week running of Church affairs Fabric Fund: The Trustees have set aside funds for any significant maintenance of Church property.
## **3.**
## **4.**
|**Analysis of Donations**
FWO Scheme (non Gift Aid)
Gift Aid Donations
Tax Recovered on Gift Aid Donations
**Analysis of Payments**
**Costs of generating funds**
Offering envelopes
**Charitable activities**
Ministries & Mission allocation
Presbytery dues
Minister’s travel expenses
Rates
Heat and light
Church Water/ Insurance
Church Fabric repairs and building costs
Manse maintenance
Bank Charges|**Unrestricted**
**Funds**
**2025**
**£**
0
480
160|**Restricted**
**Funds**
**2025**
**£**|**Total**
**2025**
**£**
0
480
160|**Total**
**2024**
**£**
40
638
203|
|---|---|---|---|---|
||640|0|640|881|
||**Unrestricted**
**Funds**
**2025**
**£**
0|**Restricted**
**Funds**
**2025**
**£**|**Total**
**2025**
**£**
0|**Total**
**2024**
**£**
0|
||0|0|0|0|
||943
230
41
611
343
1,612
0
0
56|0
0|943
230
41
611
343
1,612
0
0
56|1,149
183
138
2,272
0
8,932
158
6,937
61|
||3,836|0|3,836|19,830|
**Monigaff Church of Scotland - 0905017 – SC006014**
**Notes to the Accounts Continued**
## **5. Minister’s Stipend**
All Church of Scotland congregations contribute to the National Stipend Fund which bears the costs of all minister's stipends and employer's contributions for national insurance, pension and housing and loan fund. Minister's 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 was ££32,433 and the maximum stipend (in the fifth and subsequent years) £39,856.
## **7. Fund Raising for Third Parties**
No funds were raised for external organisations in either 2024 or 2025.
Church Fellowship Christian Aid
|**2025**
**£**
500
0|**2024**
**£**
0
0|
|---|---|
|500|0|
## **8. Outstanding amounts** There are no outsanding amounts.
## **APPENDIX**
FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES
||2025|2024|
|---|---|---|
||£|£|
|Consolidated Fabric Fund–Capital|||
|Credit balances held at 31 December at cost|208,251|203,477|
|Market value of balances at 31 December|208,251|203,477|
|Consolidated Fabric Fund–Revenue|||
|Credit balance at 31 December|11,623|2,693|
|Temporary Fund|||
|Credit balance at 31 December|0|-115|
|Church of Scotland Investor's Income Fund 2400 units|||
|Credit balances held at 31 December at cost|17,500|17,500|
|Market value of balances at 31 December|15,946|15,484|
|Church of Scotland Deposit Fund|||
|Credit balances held at 31 December at cost|50,000|50,000|
|Market value of balances at 31 December|59,463|56,933|
**Monigaff Parish Church (090517)**
## **General Fund Budget for 2026**
|Budget
2026
£
**_Ordinary Expenditure_**
**_National Ministry and Mission & Wider Work_**
Minister's Stipend etc Contribution
3,934
Less: Endowment & Glebe Rent Income
-153
Less: Guardianship Allowance
-3,125
Presbytery Dues
250
**_Local Staffing Costs_**
Minister's Travelling Expenses
0
Minister's Telephone & Other Expenses
0
Pulpit Supply
0
Salary and Honorarium - Organist
0
**_Buildings and Other Local Costs_**
Worship
0
Buildings
0
Administration
480
Collections for other bodies
0
**_Total Ordinary Expenditure_**
**_Less: Ordinary Income_**
Investment & Deposit Income
840
Other Income
0
Collections for other bodies
0
**_LEAVING NET EXPENDITURE TO BE MET BY OFFERINGS_**
**_Offerings_**
Gift Aid and Covenants
480
Tax Recovered
120
Open Plate
0
Other donations
0
**_Net Ordinary Income/(Expenditure)_**|£
906
0
480|Actual
2025
£
943
0
230|£
1,173
41
3,122|
|---|---|---|---|
|||41
0
0
0||
|||0
2,565
56
500||
|||840
0
0||
||1,386||4,336|
||840||840|
|||480
160
0
0||
||546||3,496|
||600||640|
|||||
||54||-2,856|