The Church of Seotland Old Cumnocl£ Old Church REClli IPTS AND PAYlVtENTS ACCOUNTS FOR THE YEAR ENDEI D 31st DECKMBKR 2024 Congregation No: 100584 Charity No: SC 006025 Relerellce Aiid AdTnini8trative Infoi'm#tion Charity Naine: Old CuiDllDck Old Church Chai'ity Ilcgists'&tiDn NUn]b￿.: SC.O(J602S Congreg&tioll R¥ferenLe No.. 100584 Contaot Addrcss: Triistci.. Principal Ofllee-bethrers Ministei-. Session Clerk C]l￿th TJYagurer'. Inoepeiident fi xaThiiior Riiyktl B￿k of Scotltbll 30 %atLdg&te Ayr IET Trusties, Annual Report Year ended 31 December 2024 Structure, Governance and Management Governing Document Th¢ ChuTGh is administered in accordance with tlie term5 of the Unitary Constitiition, Recruitment and Appointment of Trustees Members of the Kii'k Session aT¢ tlie charity trustees. The Kirk Sessioii member8 ￿-e the elders of die chui'ch g￿d are choscn from tliose meinbers of the cliwrli who ue considercd to liave the appi'opiiate gitis and Skills. The ministei. whu is a membei- of the I(irk Session, is eleGted by the Gongregation and indiicted by Th'esbylery. Organisational Structure Old Cumnock Old Church is T]n1￿Y Constitution.. The ICTrlc Session which mcets ten times a yegr is responsiblc foi. spi¥ittial aff8iTS Within thc church. Certain r6sponsibilitics al'e delegated to the Finance CoinTntttee and the Pt'operty Lommittee as appropriate. Objectives and Activities The Church of Scotland is Tiinilarian in doctsinB, Reforined in tradition and Pi'esbytcil￿] in polity. It exists to glorify fJnd and to woi'k foi" thc advan¢ement of Christ's Kingdom I'hroughnut tlie world. A8 a nation&1 Church, it acknowlecl¥es a distinctive call and duty to bring tlic oi'dinance8 of religion to the people ill every paTish of Scotland I'hrougli & teiTitorial ministty. It co-operates with otbeT Churclies in y￿￿ou& ecutncnical bodies in Scotland Emd beyond, other activiliesparlicular to Old Cumnock Old Churck.._ Words of Wisdoin - a Chiistian book"Icoffee shop Guild- Bl'anch of Church of ScotI￿ld Guild Parish weddings. funerals, local authorlty, Inemorial and cominunity services. Sunday School, Handbsll Ringers. Social events such as:. Tinsel Treats SatLii'day, Guild outings, Sunday School outing8 and parties, Monthly soup lunches Acbievemeiits ajid Pei"formdnLe Atlcnd8nc£ at syents was good as was altendallce by individual groups Triistees, Annual Report (cont) Yenr ended 31 December 2024 Flnancial Rcview 'I'h¢ principal .￿Urce ot- iiicoine wa,% weekly offerings with a pcrcentago incIc88e of 1.150/0 (Inore glVlLE by membei'8). Reiierves Policy It is th¢'lhJ5tees' policy to hold i'eseTV&S Ot appiN)ximaiely two ycar,% expenditure including dcsignated fiJnd8. At the yeor end tl)e c.hurch htld iinr&stsicted fund8 of £290,000. Statement of Trustees, Responsibilities The inembers of the Kiik Scssion inust prep￿￿ fittanctil St&terner￿ which give sufficient detail lo Lndbl¥ an dppreciation of tlie ts￿84¢tio1js of the Churcli duTing th¥ fiiiaJitiiaL year. lTre illLinb¥i'5 ur the Kirk Sttssion al'e rthponsible foi. keepin£ piDpu &cLouiitiiig IKoi'ds iyhich, on i'eque8È, Imii8t retrlect the financiAI positioii ot the Cl)ui'cli at tliat tiine. "I'liis mu8t bt donc to cn81re diat the finaiicial 8tat&inents coinply with thc Charltics atsd Tiustee Invcgtment (SGOtlai)d) Act 2005, tlie Chkllitiey Accounts (Scotl8nd) RcEulations 2006 tlie ReRululiviis Aiittnt Consregational Finance ai)PL'oved by the (Jene1￿ AS8￿￿bIY ot. the CIIui'ch of .8c()tldncl in 2007. Tli¢y air Al.8Q Tegpnnsible for safeguarding the as8ets of tlie C.hurcli mijst tRln For and on bel)alf of the Ti'u6te&s Old Cumnoek Old Church Notes to the Accollllts l. Trustee Rexnuneration And Related Party Transaetions During tlie year I trustee received reimbuiEement of expenses inciiiTed totalling £640 . 2. Movements In Funds Atljan 2024 At 31 Dec 2024 Receipts Payments TrAnsfers Unre.gti4eted funds Fabrkc Fund Other Agelloies Account J Smith Bequest Gibson Bequest High tntcrest. Fabric ￿]nd Miss Janet Rankin Bequest Gen￿al Fi￿d 1,186 1,089 2.075 793 5,799 io 10,911 15,699 24,732 11535 2,085 15,800 2,724 1,316 6,835 47.629 60,130 1,322 6,868 33 72,066 78.707 116,151 142,761 25,992 22,068 Restricted funds Flower Fund Fabi'ic Rcplacement Fund Connell Beqiiest 312 24.570 908 25,790 36 162 348 24,732 912 25,992 202 Tolal funds 142 761 Pii oses of DGSI nated Fund8 Fabric Fund.. The Trustees have set aside funds for the in8intenance of the Church propeity Othei. Agencies Account.. This fund is used for Lhe iEceipt and disbiii'sement of moni¢s colleoted oil behalf of othei- parties. J Smith Bequest, Gibson Bequ&8t, Mi88 Janet ￿￿]kin BouesL Mrs Agnes Bradford Bequest, High tnterest Fabri¢ Fund.. ThEse funds are iwed by thc TnJ8tees as capital rcs¢rve thnds, with the incoins being cither reinvested or used for specific purposes. Pui oscg of Regtrirted Fiinds Flower Fund: This is a fimd to provide flowers foT display duiillg services of WOiEhip Coiinell Bequest,. Thts fund ig to assist witli the purchase of music resol￿CeS foi use in woi'ship. Fabric Replacement Fund.. This fund 18 for the replaceinent and refurbisbn]cnt of rnajor fabiio ifrms. Unrestricted Restricted Funds Fuiids 2,024 2024 Total 2024 Total 2023 3. Analy81s of Donations WFO Scheme Gift Aid Donatioiis Tax Recovered on Gift Aid Don.. Ordinary Offerings (Open Plate) Other Offerings, Donations e 20,488 9,057 6,532 3,169 20,488 9,057 6,532 3,169 23,564 10,337 6,641 2,935 4,396 4. AnAlysis of Payments Costs of generating funds O£fcring cnvclopcs 194 194 CliarfitAble actlvities Give to Grow allocation Presbyteiy dues Minister's expense8 Ministei'ial Assi5tanc¢ Oth¢i' staffing costs Fabric repairs & maintenance Council Tax Heat and light Insurance Oi'gan & music Printing, stationery and postagc Other expenses 32,323 775 640 2,109 25,.508 38,780 32,323 775 640 2,109 25,508 38,780 30,164 775 960 312 12,437 14,393 1,283 5,685 4,718 8,243 5,164 8,243 5,164 2,478 131 116 151 2,478 131 116 151 2.550 5,395 Governance eD.%ts Indepeiident examiner's fees Other payments Lo￿1 Repaylnent Word5 of Wisdoin P￿r￿aSe of investments Total Payments 116 151 116 151 S. Minister's StApLand All Chiiich of Scotliuid congregations contribute to the National Stipend Fund whicli bears the costs of 811 inisters, stipends and einpl0￿'s cotsh'ibutions foi national insui'8nce, pension and hoiising and loan fiind. Ministers, stipends paid in accordance witli the national stipend Sclcle, which is i'el&ted to ye￿8 of se￿Ie8. For the y￿. undei. review, the ininiinum stipend was £31642 and the maxin]iiin Stipend in the fifth and ￿lbseQLlent years of service - £38844. 2024 2023 6. Colleetion8 for Th5rd Parties Dr Graham's Homes AyL?hiie Hospic Ukraine Appeal lom islands hosp breast canceT 649 1,661 929 1.483 649 7. Couneil Tax Cowkcil Tax foi the manse of £1,283 iYl&tes to the Old Church's 50ts/0 share (The other SOQ/o is paid by Lugar P￿[Sh Church, pthner in linked charge.) 2024 2023 8. Investments M&rket value at 1st Janu£uy 2024 Sale of Invc8tsnents Unrealiscd gain on investments Market value at 318t Decembei 2024 255,423 263,423 14,315 269 738 8,000 255 423 ItLvestinent8 at cost 121537 123 553 The following investments are held.. Ulc Trusts and Eqiiities Chiii'ch of Scotland Deposit Fund Chllich of Scotland Growth Fund 90,322 21,001 158,415 269 738 89,663 21,001 144,759 255 423