Charity No.: SC006420 Congregation No.: 422330 Isle of Bute Parish Church Report and Financial Statements forthe year ended 31" December 2024
ISLE OF BUTE PARISH CHURCH
ReportofthgTwsteos forthe y8•r end 31rtDecember2tr24
TheTrustees presenttheir anNel report end finandal statements of the charltyfortheyear erKled 31st
De¢pmber2024.
Constitution
Th81s18 of Buto paSh Church wus t>5trJbli5hed on 1" July2024 lrythe union of Rothc¥ayTrintty P?rfsh Chui¢h
8nd th& Uniied Church of Bute. h operates undera Deed of Unitsry Constrtution wthich rnean5th
Wor5hlp and lknnisation¥ The Isle of Bute Parish Church isTrinrlartan In doctrine. Reformed intraditlon 8nd Pr88byt8ri8n in pobty. It &xists to glorify God and to worktOTthe advarhcement of Chrisvs Kingdom throughout the world. As a n8tlDnaL Church It acknowledges a dislinctNg cali and duty to bTingtheordtnans93 of reiigiDn to the people in every parish of Scod8nd through a territorialrninistry. ItCO-oper8teswlth othwchurches in various ecumenical bodle$ in Scotlgnd and beyond. Thè Isle of Bute Parish Church worshlps on Sunday3 at 11om. There 1$ 8isoa shortservice held on a Thur8d8y moTnSng atthe Castle Street H811. There 18 th8 f8cSlttyto provldeih& tnR streamSngof services and fvner8ts how8veithis is d8p8nd8nt on tho person leadingworshlp weelngto r( being u38d. Th¢re is o branch of the Guild; Pass-rt-on: Stroiters & Stridgrs & 8Bdmlnton Club. The Church Aoll Ag 8t 31"December 2024wag- _ M8mber8-. 577Adhgrents- 118,. and on the Supplemoniary RotL' 17. F5nan¢lal Revlew Thè ndS held byth818ie of Bute P8rish Church ?r8 8n amalggmgtjon of thoge heid bytheforrner congr&g8tions of Rothe88yTrinty Church gnd the United Church of For the purposes ofihests accounts. tho openlng ba18nce8 were tsken from Rothe$8yTrlnityChurch's Inspected accounts a3 at 31° December 2023 and their incom8 8nd expenditure for the period to 3 June 2024. Th8 balance8 01 the United Church of Bute from tho inspected accounts as at 30" June 2024 were In¢orpor8t8d on 1"July 2024 and the Income and expenditurewas the Isio of Buie P8r18h ChurchSfrom that date. The principal Source of ineomèfor tho Isle of Bute P8ri8h chh is thn)uth the aklY offerlng8, gift aid donatlons, fundrB181ng events and hitlngthè hall f8cllit166 to th1 partles. Th• origln81 cuffent accountg for both thè fom)er congregotkJn8 are heid In the Bank of Scotland. Rothe8Byand both remaln open a$tron¥actlong are stillbeSng presentsd through both. Eventuauyithe fomerTrlnty Church bank account will be Closed. R8seNes aro held wlththe chUh ofScotl2rKI GeneraL Trustees in the Irwestorn. TtU3t Depostt Fund Bnd Growth Fund. Atthe end of the period the ¢hurch held £77.884 unrrf¢tsd funds. E35.518 ofwhlch was deslgnotsd. The r8maining£42.366 m8de up the gonet4lfund.
rru31885' rponSIbl11t13 in relation to thefinancialstateme The chArltytmswarB pOnSible fOrprepahngtruthednnSL reporn and finonclai sta7entS In accordance apptscabie law and United "ngdoM Accountingstsndanls (United ngdoM GeneT8iLy Aecepi8d AccoUntlngprzcC£>. Th8 Law applic8bl8 to chèiities in ScotE8nd requiT8S the ch8ritytnJste&4to prèpar• fin3nci8lstatern8nt3 for each year whlch glve a true and falrvlew of the state of a1$ olthÈ charfryand ofihe IncomSng reswrces Gnd application ol rasources of the charltyfrrfthe porfoKI. In prepDrfngthe finandal statsments thetru8to85 ait rtsquirod to: sÈIEQtsuftBble 8c¢ounting policies 8ndthen applythem congistenty obsarve th8 mèthods 8nd principl85 In the appiic3bt8 Chariti85 SORP makejud8em•nts and esfjmate$that•rÈ reasonable and prudent stat8 wheth8r applicablg accounting stsndswd¥ hay8 b8en fou¢)*d. subjart to ary mat•ris1 d8partur•s dlsc106ed ond &xpiolned In ihc flnanciol statcmcnts pr¢poie ih6 flnand81 st818ment8 onthe go5ng conujrn b&s18 unle8s 1118 inapproprlate to prgsurna thot th8 ¢harTtywill¢ontlnue In bu51nes8. Thgtrustpgs aro r05ponslble for keoplng properaccounn& T?cord5that dlsc1050 wlth 10g¥onablp gccurpcy 9t rry tiino> tligfii?¥nci¥l posrtion of the charlty and to enabl&them to 8n3ur¥tli&rtth¥fiii¥n¥ial ¥tdt13rngrtt% ¢grTipIy with the ChJiitieJ und Tru8tee Inve8tmenl IScotiaThJl Act 20QS, the CharityAccounts (SCOtnl RUltIO1 200618$ $mondodl énd tho pfovi9ions ofthe ch8rty'% constrtufion. Th8yor•o180 iotspon8lbltr for 8éfBguardlng the &¥scts oftho charlty8nd t8king r88son8bi& sty lor the provantK>n und detectlon offraud and other Irregularities. Approv&d try the iru8tw SiKn•d on th•lr b•h)If br. NB Tr88sur8r e3¥ion Ciewk D8te-
ISLE OF BLWtE PARISH CHURCH Indep•lldBt Examlner's Rèportto th•Trutse¥ oflsl• of Buto Parl•h Chunth l R8POrt on the a¢Unts of th8 charityfortheyearendwj 31 Oaeemb8r2024which 8fè Sètouton pag88 to. R¢spoGtlvo r08pon8ibiilllès of truÈt••s and•x•mlwi The ¢hutlty'3 are TpOr91b{e tor the pr8parat¢on of the aeeounts Sn accordance with th8 terms of the chariti and T189 knv&sbnent (Scotlandl kn2C415 and tho Charitlys Accounts IS¢odand} Regulutlons 2008. Thg rhJrftytwstees ¢onsiderthatthè8udltrequiremfmt of Regulation 10111 (Alto IcloftheAccDunts Ragutatlons do8s not apply. ft Is my re.8ponslbilityto wminelho aCCnts as requir under Section 44111(cl oftheAct und to 8ttbts whgthor matter8 hove com8 to my attcntion. Bfjsls of Ind•pendent fjxAmln8rfB 8tst6m•nt Nyoxarnination Is carried out in ac¢ordAne.e with Regulation 11 oftho ChArttt88PLcounts IScctland}Regulatlon 2Q08. An 0¥aminoOn InclLKlas a rnv of tho eccountsng [OrdS kept by the chority and a comparlson of the ¥CCDunts pr88entcdwith those recortl$. ItlAcIUdeSc0n$Iderati0ft of8ny unugualltemÈ or dls¢i¢surgS inthe accounts and 8euk.q oxplangtlons from the tru8tee8 concemlng orry 8Lsch m8ttor*. The procoduro% undortakèn do not provlde ou tho evitlence Èh8t wr>uld be required in audlt. and ¢onsequontty I do not expraee 8n eudlt opinion on thoviewoven lrythe acGouni8. Ind•pendènt •xamkner'¥ •tatemont Durlng my wminetion no m8tter ha8 Coma to my 8ttentlon 1. whlch gfv88 me rea8onable COU lo b81ieve that In anyrnÉteri8l re8peGt the ruqulroments: o kggp 8ccountingracord8 In $¢cont4ncewith Section 44111181 of the 2ty)5Act and Re¥uioilon401th9 2006Accounts RèbwIDtlon4 an D pr8P81A gc¢ouNs whkh accord with the occountlng record8 and ¢omplyvAth Reiul8tion 9 ofthft 2006 AcccMJnts Regulation$ h8V8 not been mgt, or 2. to whlch. In my oplAIDn. attentlon shrjuld be drawn to enablfr a pro1 understrndine ofthv CoUnts to be re8ched. One 2 On8 AecountsnGy SeMc8s. 10 Gallry•48t8 Rothesay Isle of Bute. PA20 OHR
ISLE OF BUTE PARISH CHURCH Statsment of Recelpt5 and paymen1¥ For the period ended 31 Dec•mb•r2024 vThrrkt 2024 R8colpt8 Off81ings and Donations Ch8rltab(e Actlvitles 54.897 2.570 54,897 3.731 2,594 2,121 53,343 1.181 Inveffiment Income ()th6rTr8d(ngActNiti08 2.121 59.475 Tex recover8d 12.233 12,233 168 f8 &Work Congrog8tionalOryanl8atlon Sal8 ofAs8ets Transfèr ol Unlon Fund# 150 1,000 107.480 1,929 122.960 74.124 1.185 88,860 33.356 744 MlsGeLianous 34.11x1 TotoL Recelptg 148,335 37,987 186,302 P8ym4nt8 co$ of Generatlng Fund8 ActNlties 105.507 1,020 833 6.S76 112,083 1,020 2.890 Qoverancg costs Oth•r Total Paym•nts 1tr7.360 115.993 Dolkltlsurplus trthe yaar 40.975 29.334 70,309
ISLE OF BUTE PARISH CHURCH Ststemont ot Balances A$ 31 Decembei 2024 2024 Cash funds Cts8h 8onk Brought Fowar 47583 26687 74250 Mov8m8nt in Y88r p8rsumm&ry 62365 70309 Ca8h and Bankat 31 Dec•mb8r 21)24 65537 79)22 144559 Oporntrf Trnn8ter Gain Cioging Ilncluded in Fund$ Above) Inve¥tMenrs et markotvaluo 14831 14629 2121 31S81 TheA¢counts ErdapPYaed by th•tru8le•s and •Ign on thrb•hOlI by. Treasurer Sèsslon CL•rk
ISLE OF BUTE PARISH CHURCH Notes to Tho Accounts. Yearto 31 Decembgr2024 l. Fund8 Opening B818r4ce Closing B8L8nea Roceipts Poyinents Tr8nsfei¥ Dui8nffjt•d Fund• GrotSP8 Youth Fund 2,942 E 1.175 £ 1,971 £ 144 1.581 £ 833 3,284 3,730 1,673 1,500 1,130 12.000 1.615 Flower Fund Hall Pginting The Ranfrew Bèquest Chrlstin8 Reed Lega Campbell Boqueat Total De$l¥ned Fund• Gergrgl Fund8 yo1 unro¥¢rlotad Fund• 1.500 1.102 11000 11,901 28.118 12,201 35.518 42.366 6.494 £ 1.739 £ 52.722 £ 73.091 É 106.528 59.217 E 74.830 £ 107.3fl 3A13 £ 232 £ 2.(4)o 5.830 £ 5.790 £ 2258 £ 6.632 818 833 23.081 51,199 77.884 1.645 6,515 34,772 23,142 88.674 68novolollt Fund M&AFund FBbric Fund E 33.356 22.924 56280 Tru8t Awounts Tot•lf8atrirf Funds 15,033 É 3.993 £ 8.632 Trtal 74.250 £ 78,823 £ 116,993 £ ID7.479 144,559 41 Thè uTrr8Stri¢tsd lund#8r& awall&bl8to be gpgnttorarry puffjJo3e of thecharity. The trvÉtse# CTe4ted the foUth¥lngde84¥ned lund&'. touoa-fijnd compv181ngofthofotLryrtlngchurch otg8nlsatlonJ-Th8 8ft•moon Gu41d. Th8 Qulld. li8fftthou¥e. Pa88 It on. Bnd Th8 EvenlngGuSld. Thalund¥ 4rèd88lt W4iih directtytyth•lndl¥ldual p8. Etiktio- The8¢ funds8reforth¢ upkoep ottha labriGof the bulldin8& ItRe-FudSlom7eAlyf01ehl1rtrPn andswngpeople 85 In bl be[•8d PreoU31yha1d as restrictud. Th8donor. fclknwing a ¢0nV8rsan atoutth8iT us4 ha8instsucwdthatthelundsb0rel9d to be apped atthg 1S15GrEtton of th8 $SsIon. titl#ti-Th8 LeEaGy l$to helpzupportthe congrgeation duringthe fln8ncl81 unc8rt8lntie8 arl81ft8 from the pandemic 8nd m8y8150. Él the dirycmtion ofthe KithS858ion. be appbed toTh8 Restriclpd Fabric Fund for Congrewipnal Buildiw. bl Th8 ch8rrty hBs recebved th8folloTn8vtr5ctedfUd5 durIngthe t&AfuuQ- Minl¥trie5 and AlocatiDft Fund.
ISLE OFBUTE PARISH CHUKH Note8tothe Ac¢ounts Yrt0 31 DecembBf 21>24 l. Funds Icorrtlnuedl coows-ThOS91undtt be u8•J to caryoutsiw)ffiegntwrk•on tho eon8rWIDnil 8uiit1ingsoNwthefitxtftwwr8. ItuaLActd-Th9$e fundj haseen1•d from Iwiesiefttoth&Church 0rtheY1r8fjnd mu8t be r88trlctsd foTthefoUowing purposts8: E#u¢adonal Pjrpctha Modem Pov8rty Sunday School Memorf8twlndLM3 GeneF81 JrPoS KtrtS0881on I Inbwtrn•nts M8rk8tV8lue Brought Forward w 1 JBnu8ry 2024 Add.. Addltion8tO ill¥88tments @ VBiuafrom Unlon DI8P08818 canyingv&lu• Add not IrNestment8ainno8a M8rketValuo8s at 31 DecDmber 2024 £14,831 £14,629 E2.121 £31.581 Inv88iments4rtfalr¥aiu• ¢omprAs0d: Investors Tru Growth Fund Total 4,950unlt held intha Church ofS¢ottand In¥e8torstru*Grthwth FundforvarityJ8trust5
ISLE OF BUTE PARISH CHURCH Notes totheAccounts Yearto 31 D•cember2024 3. Annlysis of Donjtions &OffEriry¥ Untestsl¢t Restricled Total WFO Schemg 11.189 20.1)37 12.M 501 E 11.169 E 2D.037 £ 12.792 501 GIftAld Oon8tlon8 Ordinary Offeiittgs Gencr81 Donatlon8 Weddlng8 & Fun8r815 Use of Hall 2.21KI 8.198 2,200 8,198 E s47 £ 54,897 4. An•ty•la ol Payimnts Co81010?n•TOtlngFund¥ Offe¥ing Envelop88 h8rltable Actlvftl• GivlnKto Grow Pre8byteryDuo8 Mlnl?tsrs Expen6e8 Org8nist Sal8rles 49,641 703 £ 49,461 703 3.246 3.246 5,334 5,349 1.130 Prlnting,St8tlonery&Po8ts88 Telephone Equlpment Advartlslng TTolnln8for Mls&lon Cholr & Musl¢ Expan388 Mlsc Wenses HèAt & light F8brle Repalrs &Malnten8nc• Upkeep ofGround8 Water iat•g 1.130 90 87 130 130 1.614 819 1,614 819 20.753 £ 20,753 8.932 1.880 1.738 7.475 £ 2.794 4696 1.738 7.475 1794 Insurance Council t- Flat Cleanlng Goverance Audttfees 1.020 £ 106.527 6576 £ 113,103
ISLE OF BUTE PARISH CHURCH Notes to theAccounts YgArto 31 D8comb¢r 2024 5. Mknls¢er¥ Slipwd AIIChurch olScotLqnd congregatlongGVTrtritr4Jre totho NationalStiptt)d Fund whlch be8rsthecTh8tof all minist8FS' 8tipend8 and emplo¥ 8 contribution8 for national insurance, pension snd hou8ing8nd loon fund. Ministers'8Jpgndsare p8kl in accord8nc6vAthth&national8ttpend scHlo, which i$r818tsdtoye8rs of s¥rvlce. For theyear¢tndeF ravrawthv MlTnuM stipeod vM8 £30.135 and the rnaximuffl 51Tpend lin the flfth and sub8equontyearslwa5V7.032. Trust•• Ramuner•tlon and Relat•d p8rtyTran•IlotsI IXTrin8the year 1 memborofthe KlrkSa88lon roc•i¥•d £2.54OfLxpTtyridlngrnu8lc8LseMc8& 7. spe0{cOlleCtIons10r7h11d P•rtl $8lv4tlon Army 8ut• Paulatyw Core LodginkHotJso Mi881on UNICEF_J•r8 ol Gr&ce £340.00 £366. £591.
ISLE OF BufE PARISH CHURCH Noteg tothe Acc4)Um$ Yearto 31 Dècember 2024 APPENDIX1