Charity No.: SC006420 Congregation No.: 422330 Isle of Bute Parish Church Report and Financial Statements for the year ended 31" December 2025
ISLE OF BUTE PARISH CHURCH Reportof the Trustees forthe year end 31*1 Do¢gmbor 2025 The Trustees present their annual report and financial Statements of Ihg charltyforth8 year end8d 31st December 2025. ConstltutSon The Isle of Bute Parish Church was established on 1, july 2024 by the union of Rothes8yTrlnSty Parlsh Church 8nd th8 United Church of Bute. It operates under a Deed of Unitary Constitution which m8ans that the tempor8L 8ffairs of the congregation are administered by the Kirk Session and Committees governed by Standing Orders effective from that date. Recrultm8nt and Appolntment olTrustees Members of the Kirk Session are the ch8rityTrustees. The Kirk Session's 37 m8mbe¥s are Elders of the Ghurch and ar8 81ected from those members of ihe church who arg considered to have the appropriate gifts and skills. The Kirk Session and the congregation are invited to nominate individu81$ who are believed to have the skills and commitment to contribute to the management affairs ofthe Church. Members of the congregation who are not elders but are considered to have reiev8lltgift$ and $klll$ m8y be eo- opted as corresponding rnember8 ofthe Kirk Session,. those members are notTrustees. Organlsation The Isle of Bute P8ri3h Church'8 congreg8tionBI number is 422330 and it is a registered ch8¥ity, with charity numberSC006420. The Offic8 Bearers (>f the Session during 2025 were:_ Moderator: Reverend SibylTchaikovsky. The Manse. Crichton Road, Rothesay, Isle of Bute, PA20 9JR. Sesslon Clerk". Mr james S. M¢Millan. 4 Battery PLBce, Rothesey, Isle of Bute, PA20 9DP. Treasurer: Mr james F. Martin, 6 Bogany Road, Rothesay. Isle of Bute, PA20 9JS. The membership ofthe Session as at 31 December 2025 was 37 Elders and no corresponding members. A fuu list of the members lincludingthose who only $erv8d for part of the year 20251 is attached as an appendix. Isle of Bute Parish Church liaises with all Christian ChurchES and the Christian Fellowship to hold joint services as part of Bute ChurchesTogether. Operatlonal Structure Active S8sslon committees in 2025: Ad-hoc- Finan¢e- Fundraising- Hatl., Mlssion & Outreach., Property and Salegu8rdlnÉ. The Isle of Bute Parish Church has office accommod8tlon In the Church Centre. Townhead, Isle of Bute, PA20 91H. Wor5hlp and Organlsatlons The Isle of Bute Parish Church is Trinitarian in doctrine. reformed In tradition and Presbyterian in polity. It exist8 to glorify God and to work for the advancement of Christ's Kingdom throughout the world. As a national Church it acknowledges a distinctive call and dutyto bring the ordinances of religion to the people in every parish of
Scotland through a lerrilorial ministry. It co-operates with othgr Church8s inv8rious 8curnenic81 bodies in Scotland and beyond. The Isle of Bute Parish Church w(Fr8hips on Sundays at 11am. There is ai80 a short Sgrvice held on o Thursday morning at the small hail at the regr of Trinity Church. There Is the facility to provide the live streamingof services and funerals however this is d8pendent on the person leadingworship agreeingto it being used. There 18 8 branch of the Guild. The Church Roll as at 31" December 2025 was.. Members.. 559 Adherents: 1 S. and on the Supplementary Roll.. 117. Fin8ncio1 Aevlew The funds held by rhe Isle ol Bute Parish Church are an amalgamation of those held by thg former ongrogations of Rothesay Trinity Church and the United Church of Bute. The original current accounts for both the formei cOngreglOnS are held with the Bank of Scotland, and both remain open 8$ transactions are still being presented ihrough both. Eventuauy, the formerTrinity Church bank accountwill be closed. The prin¢ip818ource of incomelo¥ the Isle of Bute Parish Church is through the weekly ollerir)gs, gift aid donations, fundrÈisingeventS and hiringthe h811 facllltlegtothird parties. Reserves 8rè held wlth the Church of Scotland GeneralTrustees in the Investors'Trust Deposit Fund and Growth Fund. Funding ha8 been received from Historic Environment Seotl8nd towards the harlingwork being carried out on the Church. TherB have 8180 beèn fLbnds released from th8 Consolldated Fabric Fund held by the General Trustees. Reserves Pollcy The Trustees. policy is to maintoin resetves at around 213 monlhs of norm81 runnlng Costs to meet commitments and to cov8r 8ny unexpected exp8nditur8. At Currgnt levo18 of ExpandftuTa this èquates to £9932 on average per month. General. unrestricted and undesignated funds 8tth8 8nd of the yearw8re £14421.00. which is within the tsrget range. The charity aims to increa88 th8 unrestricted reservos to the target level in the short to medium term. 2025 £125,596 Total Reserves Less.. Restricted Designated General ReseNes (£74,506) 1£36.6691 £14,421
Trustees. re8ponBlbllltles In reiatlon to the flnanclal 8tatement8 The charity trustees are responsible for preparing trustees, annual report and linancial statements in ccordance wth &pplicable lawand United Kingdom Accountingstsndards (United Klngdom Ggn8rally Accepted Accounting Practice). The law applicable to charities in Scotland requires the charitytrustee3 to prep8r8 fin8nci818tatements for each yearwhich give a true and fÈir view tsf the situation of the charity and of the incoming resources and application ol resources otthe charityforthe period. In preparing the financial statements the trustees are requlr6d to: $919¢t suitable 8¢counting policies and th8n apply them conslstently ob8erve the methods and principltss in the 8pplieable Ch8riiles SORP make judgements and estimates that are reasonable and prud8nt state whether applicable èecounting standarcls have been followed, subjectto any material departures dlsclosed and explaln6d In ih8 financial statements prepara th6 lin8n¢S818tatem¢nt$ on the goSng eoncern basss unless it is inappropriate to presume that the charity will eontinue in busin8SS. The trustee8 arg re8ponsible for keeping proper accounting reeordsthat di9closewith reesonable accuracy at anytime the financial position of the charity 8nd to en$bl¢ thom to $nsure thet the finencialstatements comply with the Charities and Truste8 Investment (Scotlandl Act 2005. the Charity Accounts Iscotlandl Regulations 2006 las amended) an(f the provisions of th8 chartiy's constitution. They are also responsible lor safeguaiding the assets of the charity and taking reasonable Steps forthe pr8v8ntion and detection of fraud and other irregularities. Approv8d by the trustees and Signed on their behalf by- Name Name James F. Martin Treasurer james S. McMilL8n Session Clerk Date.. Date..
ISLE OF BUTE PARISH CHURCH Independent Examiner's Report to thg Trustee5 of1s10 of Bute Parish Church l Report on the accountg of the charity for the year ended 31 December 2025 which are set out on the following pages. Respe¢tlve responsibilili88 of trustees and examlner The ch8rity's trustees are responsible for the preparation of the accounts in accordance with the terms of the ChÈrities and Tiustee Investment Iscotlandl Act 2005 and the Charities A¢counts (Scotlandl Regulations 2006. The charitytruste88 considerthatthe guditiequirement of Regulation 10111 lal to lel of the Accounts Regu18tlons doe$ not apply. It is my responslbility to examine the accounts as required under Section 4411llcl ol the Act and to state whether matters have come to my attention. 8asls of indgpendgnt examingr'¥ 5t8tem•nt Myexamination is carri8d out in 8ccoidancewith Regulation 11 of the Charities Accounts (Scotlandl Regulatlons 2006. An examination includes a review of the accounting recoids kept by the charity and a comparison of the accounts presented with those records. It8180 includes consideration of any unusLJ81 items or disc108ures inthe accounts and seeks expl8n8tions from the trustees concerning any such mRtters. 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 bythe accounts. Ind8pgndent examlner's stat8m8nt During my examin8tion no matter hag come to my attention 1. which gives me reasonable Cause to believe that in any material respect the requirements: *To keep accounting record5 in accordance with Section 4411 Ila) of the 2005 and Regulation 4 of the 2006Account$ Regulations, and "To prepare accounts which accord with th8 acoountirhg records and comply with Regulation 9 olthe 2006 Accounts Regulatlons have not been met, or 2. to which, in my opinion. attention should be drawn to enable 8 proper understanding of th8 accounts to be leached. Mrs LA Paul-AIAAP, MIAB One 2 One Accountancy Services, 10 Gallowgate Rothesay18le of Bute, PA20 OHR Datè..
ISLE OF BUTE PARISH CHURCH Statementof ¢0Ipts and paymènts Forth8 perlod ended 31 D8cemb8r 2025 Note Unièstrlcted R88trlcted 2025 Rècelpts Offerings Hnd Donations Charitable Activities 76.738 6,154 2,293 76.738 6,154 2,482 2.475 11.139 98,988 Investment Income 1B9 OtherTrading In¢omg Insurance Claim 2.475 11,139 13.803 85.185 Tax recovered 10.113 368 10.113 fe &Work 368 CongreEatlon81 Organi$8tions Sale of Assets 47 47 700 700 Grants 18,418 89,430 18.418 89.430 744 C8PIt81ReLeas8fromConsolidat8d Fabilc Fund Miseellanous 744 11,972 E 107.848 119.820 Trfal Recelpts 97,157 É 121,651 218.808 P8ym&nts Costs of Generaiing Fund8 Activities 122.145 744 £ 113.206 235,351 744 Gov8rBnc8 Costs Pa5S it on 297 297 fe &Work 378 378 Other 1.000 1,000 Total Payments 123,564 £ 114.206 237,770 D8llcltlSurplu8 for tho or 26.407 7.4145 18.962
ISLE OF BUTÉ PARISH CHURCH St8tam6nt of Balance5 Year to 31 De¢embeT 2025 Not99 Unr88trlct6d Restrlcted 2025 Cash funds Cash and Bank Brought Forward £77,497 E67.(1 È144.558 Movoment in Year per summ8ry -£26,407 £7,445 -£18,962 Cash BankHt 31 DÈc8mb8r2024 £51.090 È74,508 E125.596 Openlng Transfer Galn Closing Ilncluded in FundsAbov81 Investrnents 8t tn81ketVaiue £31.581 £2,475 £34.056 The Accounts were approved bythe trustoès and 8lgned on thelr behalf by: J8m88 F MBrtln Jomos Smcmlllan Sasslon Clèrk Troo¥uror
ISLE OF BUTE PARISH ¢HURCH NotsstoTh•AcGount Yearto 31 Decemb8r2025 Funds Opening Balance Closing Balance Receipts Payments TrarterS Designated Funds Group5 Youth Furid 3,284 £ 1.100 £ 1.053 3.730 £ 28 1,673 £ 1.500 1,130 £ £ 1,059 É 554 1,059 105 2,272 3,864 1,798 1,500 1,180 761 Flower Fund 58 67 Hall Painting The Renfrew Bequest Pass it On so 298 Music Fund 554 Christina Reed Lega¢y Campbell Bequest Total Desbgnat*d Funds Gener81 Fund5 12.000 12.201 £ 35.518 É 3.389 E 1,351 42,366 £ 94.722 £123.267 77,884 £ 98.110 É124.618 1,645 É 112 £ 1.000 6,515 È 135 34,772 £ 119,763 É 713,207 23,742 £ 325 66.674 £ 120.335 £ 114,207 12.000 12.740 36.669 14.421 51,090 757 539 887 600 Total unr85tricted Funds 287 Benevolent Fund M&AFund 500 7.150 41,329 25.270 74,506 Fabri¢ Fund TrustA¢¢ounts 1.203 1.703 Total r95trlEied Funds Total Funds É 144,558 E218.446 E238.824 1.416 £ 125.596 al Th& unrestricted funds are available to be spentfor 8ny purpose of the charity. The trustees hgve crooted the followSng design8t&d funds.. tQUE5-fund comprlslngof the following church org8nisations-The afternoon Guild. The Guild, Lighthouse, Pass It on. and The EveningGuild. The funLls are dealt with diie¢tly by the indfvidual groups. FJbtLoEulld-Thesefunds ore forthe upkeep of th8 fabrlc of the buildings. IboBe0frLt-FUds formeriyforchildren and young people fts bl below 8nd prevlously h81d 88 stricted. Tha donor. fouowing a conversation abouttheir u59, has instructed tharthe funds b8 r8l8a8ed to b8 ppligd atthe dl$¢r0tlon of th8 rksessIon. The Legacy 15 to help 5UPPDrt th8 congregation duringthe financi91 uncertainties grising from the pandemic and mayalso, at the disGr8tion ofth8 Kirk Session. be applied toThe Restri¢tÈd Fabrlc Fund forConEregation81 Buildings. i0-These fun¢Ys are designated forchoirand Mu$lc 8XP8nses associated with the worship. EasthQn- Fundsfor assistingVulR9rfjblo p8oplo S8ttlngup 8 naw horne.
ISLE OF BUTE PARISH CHURCH Not•s totha Accounts Year to 31 December202S Funds IContlnu6dl bl The charity haB re¢oiv&d tho lollowing restrictèd funds durlngthe year: t&AfuDd-Ministries and Allocation Fund. YouthFund- Th88efunds arelo be used to ¢8TryOUt significant works on the congregational Buildings over the next féwy88rs. TtLLStAc¢ounts-Th888 funds have accrued from legacies lefito the Church overthe years and must be r8Stricted forthe following purposes.. Educ8tional Purpose$ Modern Poverty Sundayschool Memori8lwindows General Purposos Kirk Session 2. Invostmani8 Market Valu8 Brought Forward al 1 January 2025 Add.. Additionsto investment8 Dispos81s carryingvalue Add net investment galnlloss Marketvalue as ot 31 D8cember 2025 rJ1.581 £2,475 £34,056 Invostmont8 8tfalrvalu8 comprl¥ed'. Investors Trust Grh Fund Total £34.Q66 4,950 unit8 held in the Churoh ofscotland Investors trustGrowth Fundforvarfou$ tw$ts
ISLE OF BUTE PARISH CHURCH Notes to the Accounts Yearto 31 December2025 3. Anely¥l¥ of Donatlons & Offerlngs Unre8trict&d Restricted Tot81 WFO S¢heme 9,783 35,701 14.485 1.573 2.200 12.997 £ 9.783 £ 35,701 £ 14.485 1,573 £ 2,200 É 12,997 Gift Aid Donation5 Ordinary Offerings G8n8ral Donations Waddings & Funerals Use of H811 76.738 f 76.738 d. Analysls of Paymènts Cost ot G8neratlng Funds Offering Envelopes Charltablo Actl¥ltlo¥ Givingto Grow Presbytery Dues Minist6rs Expenses Organist Saiari8S 63.784 2.540 2.827 5.365 7.811 176 £ 63.784 £ 2,540 E 2.827 5,365 7.811 176 Printing,Stationery & Postage Telephone Equlpm8nt Advertlslng Trainingfor Mission Choir& Music Expenses Misc Expen606 Heat & Ilght Fabric R&pairs & Maintenance Major Fabric Repairs W818r rates 789 789 35 35 131 131 844 844 1.088 15.883 8.953 1.088 f 15,883 É 19.577 E 93.630 £ 28,530 £ 93.630 2.298 £ 10,480 £ 3.479 258 2.298 10.4180 Insurance Councilt8x- Flat 3.479 258 C188ning Gov8r8nc8 Audit fees 744 744 É 122.889 £ 113,207 £ 236,096
ISLE OF BUTE PARISH CHURCH Note¥ to IheAceounts Ye8rto 31 DÉeèmb8r 2025 S. Mlnl$teT5 Stlpend All Church of S¢ot18nd ¢onEf8g8tion8 eontrlbute to the N8tlon8lStlpend Fund whlch b8ar8th8 Cost of all ministers, stipends and Èmployer's contributions forndtlOn81 insuran¢8. pension and housing and 108n fund. Ministers, stipends arè paid in accordance with the national stipènd scale, which is r&lat8d toy8ars of service. For Ihe year und&r revi8Wthe minimum stip?nd w8$ £32.433 and th8 maximum stipend (ln thefifth and subsequenlyearslwa5 £39,856. 8. Truslee RemurtÉr8tlon and Related Party Transaction$ Durlngthe yèar 1 member of the Kirk Session received £2.542for providingmusical s8tvices. 7. Spaclal ColLectlon8forThlTd PHrtIés Lodging Hou$e Misslon UNICEF-Jar$ of Gr2C8 Venezuelfjn S¢hool (Fiona Samuel) £295.lJ) £832.00 £298.00
ISLE OF BUTE PARISH CHURCH Notes to the A¢count8 Yoarit> 31 Dec•mb8r 2025 APPENDIX 1 Klrk Sesslon Mernbershlp Janu8ry2025-31rt Decembar 2026 Malcolm Alexander- Deceased Douglas Allan Cerol-Ann Di¢k$on Vicky Feiguson Ron ForrÈstar N8ggie Alexand8r- Resigned 08102125 Margaret Clark Robert Ewing Edith Forre8ter Elizebeth Gilrnour Janette Henderson Phil Haine5 Joycè Itvin8 P&t8r Lingard S8ndy Long Jam88 Martin Kgtharine Keith Margaret Long Fr8nces Martin Isobel Morrison- Resigned 03102125 J8n8 MacFie E18ine MacKirdy James Mcmillan Fiona SAmts81 Flon8 Sh8W Jimmy McEwan Anne McGhie John MacKirdy Jim Reynolds- R68igned 16106125 Colln Sharp StÈwartSh8W Davina Smith lan &nclair EIiz8b8th Speir8 Tony Spencer EIsp8th Squair Sibyl Tchaikovsky Mary Sp8nc8r Graham Sprowl Gordon Sutheri4nd Meg Young