Charity roglstration numbèr. SC006482 Iseotlandl
CongregatSon number: 2B1720
ARBROATH AND DISTRICT CHURCH OF SCOTLAND
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
LEGAL AND ADMINISTRATIVE INFORMATION
Prlnelpal offlcè bèar•r5
Chorlty numbor
SC006482
Prlnclpal address
Kepts'e Street
Arbroath
DD11 3AZ
Audltor
Findlays Audit Limrted
11 Dudhope Terrace
Dundett
DD3 6TS
8ank•r8
Bank of Scolland
Brotho¢k Bwidge
Arbroalh
DD11 1NH
Inv¢8tmeni monag¥r8
Church of S¢oii8nd Inve$iors Trusi
121 George Slreet. Edinburgh. EH2 4YN
Barclays
1 Churchill Place, Canary Wharf. London, E14 5HP
Thomlons Investmenls
35 Yeaman Shore, Dundée, DD148U
M&G Investments
PO Box 9038. Chelmsford. CM99 2XF
Evetyn Partners
45 Gresham Streel. London. EC2V 7BG

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
LEGAL AND ADMINISTRATIVE INFORMATION

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
LEGAL AND ADMINISTRATIVE INFORMATION
Trustèès conL

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
CONTENTS
Pagè
Trustees, report
Statement ol trustees, responsibilities
Independent auditorfs report
Slalemenl ol finanual 8¢tivitie$
10- 11
8¥lan¢e $h&el
12
Statement of cash flows
13
Notes to the financial statements
14-35

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their annual report and financial statements for the year ended 31 December 2024.
The financial ststements have been prepared in accordance vAth the 8ccounting poliryes sel out in note 1 to the
financial staternents and cornply with the chvrch'5 ¢x>nStitu￿"0n, the Charitie5 and Trustee Investment (Scotlandl Act
2005, the Charities Accounts (Scotlandl Regulations 20(￿, FRS 102 Yhe Financial Reptsrts"ng Standaid applicable
in the UK and Republic ol Ireland" and the charit￿s SORP "Accounts"ng and Reporting by Charities". Statement of
Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021".
OBJECTIVES AND ACTIVITIES
The Church of Scotland is Trinrtarian in d¢xtrine. refonned in tradition and Presbyterian in polity. 11 exists to Glorify
God and lo work for the advancement of Chrisfs Kingdom throughout the wodd. As a national Church. it
acknowledges a distinctive call to duty to bring the ordinances of religion to the people of every Ferish of the
Scotl8nd through 8 territorial rninistry. It Co-operate5 wrlh other Churches in various ecumenical bodies in Scod8nd
and beyond.
Services are held each Sunday at 10'.00am in Ihe churches In Camiyllie. In¥et*eikJr, and West Kirk, and at
11.'30 am in Friockheim Community Hub, antJ Ihe St. Andrew's. and St. Vigeans churches in Arbroath. A midweek
service is also held every Wednesday al 10'.30 am at Sl. Andrew's. For those unable lo attend in person. we live
slrearn our weekly Sunday worship from St. Andrew's 8nd Wesl Kirk. wrth recordings available from four of the six
locations afterwards, also available by phone and on Ra(Jio North Angus. Communion 15 diaried four trn&5 per year
and c&l&braled additionalty infomi81ty with provision for young people tluiing $¢hool lems in three of our locations.
Our church premises host a variety of church and communty groups each week and our halls are also available for
hire to our community. Further infomialion ol these can be found on our websile- arbroalhdistrictcofs.org.uk
ACHIEVEMENTS AND PERFORMANCE
This has been a truty unique year in Ihe life of the Church of Scolland parishes in and around Arbroath. On 29th
February eight parishes - fomierty the rural charges of Colliston. Cam)yllie. Friockheim and Kinnell, Inverkeilor and
Lunan and the town charges ol Arbroath Old & Abbey. Arbroath St Andrew's. Arbroath St Vigean5. Arbroath West
Kirk uniled lo form Arbroath and District Church of Scolland under Ihe charty nurnber ol the fomier Wesl Kirk. On
1 st May a second Act of Union added the forner Arbirfol parish to the new church famity. Th￿ new parish is served
by a ministry te8m ol lour - three mini$ier$ of word and sacrameni and ¢hildren and familie$ worker whos
salary is funded 504/0 localty. One of the ministèrial posts is cutyentty vacant and wè are abty supportèd in worship
and pastoral care by a locum.
Such a significant change In Structu￿ and ministry ￿SOUrce, wth the resuttant changes in the number of buil(Jlngs
retained, the pattems of worship and the adjuslment to a new Kirk Session and reporting structure has been a big
challenge for all. Consequenlly. this report and Ihese accounls rellect a period of IranSit￿n, ol familiarisation and of
settling in whilst al the sarne time highlighting new initiatives. challenges and plan5.
The number of our worshipping centres has reduced from nine to six and to ensure services each week times have
been 3lleied lo rnake this possible. During Ihe summei and foll¢)wng the Chrisltnas season we h8ve 8150 held
unrted seNices, over the summer in each of our I(￿"0nS to allow for familiarisats.on for the thurd) family. There has
been continued involvement with our ecumenical partners across the town for the Vveek ol Prayer for christs.an
Unity, the Wodd Day ol Prayer. the Good Friday Walk of Wrtness and a Servi￿ to mark the start of the new year.
We've worked hard lo make sure we communicate effectivety with our membership which now stands at over 2000
people. A new website and Facebook page coupled wrth weekty emails and a bi-monthty magazine have helped to
let as many as possible know what is happenin9 and th81 ihe usual wide range of activities for all ages continue.
thanks to the skills. tirne and efforts of 50 many volunteef5. Thi5 has leaped benefits wth a lot of 5UPPOrt for the
annual Christian Aid Coffee Moming and the Summer Fete. The working together of our administrators- personal
and digitally has helped to coordinate bookings for the hi￿ of our halls and provide holiday and S￿knesS cover as
well bringing together the administration of the roll and day to day finanual administration.

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
At the same tiff*, we have knked to c￿ate some new inrfiatNes to offer foks the opportunty to WO￿ together and
through this lo gel Ic know one another. Farnity FrKJays. runs on the ksl Friday of every month h85 alowed
us to welcome Several families fof a meal. a bible story and various craft. kgo activrt￿s and gam85. Al Christrnas
lfim& wa hdd a bvé nativty trail in 2 v•nu¢$- ttr•m and w•$ ènjoyèd by • w￿+ rangè of ages. ￿ also
havè plans for 2025 - th• start of an a￿r Scho￿ *0 to rainfLY￿ the woth donè in schools with Blbla Alivè.
Bubblegum & F￿ff and Easler Code and after Easter be hosting Alpha wekoming and inwting those
interested in the Christian farfh to heaf mNe.
Slralegicalty a huge amount of tiwre and effort has been spent w the transfrrring of records to a new accounting
8yStem and on th? administrats've work that has been nece¥3ary maintaining propeth8 and preparing thos? that are
to bè dispos¢d ol lor abng wth ¢)n• of Worship￿Th9 Commun￿￿$ Into tha bcal commurtlty hub.
Inevitab￿ vAth the cbsures of bU1￿1ngS and Ihts uncertainty of a vacancy, a new UTh￿)n and a whcAe new structure,
there hgve been challeng¢$ and ￿ hav¢ k*st member&
PLANS FOR FUTURE PERIODS
A8 we kjok fo￿a￿d to 2025 Ihen w8 reali8e thal there 18 much *rJrk to do. There are decisions to make on buildings,
a more detailed orgjnisatvJn￿ slwctur8 lo d￿e1)p ond ? hard to tske 8t our finan￿￿. For the pa¥1 3 months
w• have been und*rtaking a Mis$￿n¢1 Li$t*ning Propd lo al$￿ vthal our $trenqth$ ¥r*, %thal our ¢ommunlty'$
n88d$ ar• gnd wh•r• w¢ might se￿. Through both proth"￿1 and $pirrtu4 r*ae¢lJon. we trust Ihal ￿ wll be abb lo
contlnue our deepening of Telat*n8hlps. cement the unlon thal has taken and bok forward to the fijture
together.
FINANCIAL REVIEW
INot8'. In g¢¢ordan¢e wtth th• pth$k)n$ of FRS102. and ufjlr4J lh• ¥4ul$Nlon m•thod of •¢¢ounting. 411
compar8tlve fl9ur•8 are for th• contlnukng chadty numbor onty.. ScC￿ll35j.' Arbroath ￿$t Church ol
Scollandl.
The financlal year to 31 D8￿mber 2024 m4rk•d a 8lgnlfi¢ènl perlod of tr5n$￿n, fol￿n9 the ur*on of tho nlne
ongreg8b'on8. Th• transfer 01 b8lance$ M the unw amcwnl*d lo £2222.563. ¥nd bwus• of th• ac¢ounling
r•quir•m•nts ft*r a unh)n, thi$ ha$ lrnat•d a$ in¢om• in th• yèar. This tr8n$l•r wa$ not 8 ¢ath donation bul
corryJrl8•d a mixture ol prop•ty. Invg$trnenis, And •xlsb"ng bank bAl8nco8.
Excbjdlng th18, regular Income durfng the year affK)unted to £610.274. largety from congregatlonal offerfThJ8, Gfft Ald,
and hall lettings. Total expenditure for the year was £775.160, primaffti rdating lo mini&try costs, property upkeep,
and ￿ngregal￿1nal a¢livilie$.
Al th• y¢8r end, lot8T fvnds stood at £2,531,123 12023.. £397,270). Th1$ ¢tynprlsed unre$tri¢ted fvnd$ of £2,179,860
12023.. £224,464), endrNmwnt fiJnt18 01 £80,29412023'. £170.0161, and restrlcted fundi of £2￿,989(2o23.' £2,7￿)
The financlal poslh.on Is rev16￿￿ regulaty to conunued sustaknwblty and algnmnl thlth tho mlsslon and
priortties of the united congregatKJn.
As part of tht union. the reco9nith)n of proparty tsfjés and r•lat•d ass•ts r•quir•d significant danfi￿tth du• to th
¥8ri*d histori¢al troatm*nt of pwrty ovmtsrship. S•v•ral pro￿rtI￿$ w•r• pl¥￿0U$lY h•ld by indNidual
congregalons but were not forn￿1ty recognlsed wlthln Ihe fflnand4 statements.ofthe merglng churches.
Folbwlng a review and dBrrThcatM process. the ChuT(* of Scoiland prov*Jed guNJance on whKh propertles we
k)¢alty ve81ed and whith are ovmed by the central booy. As a re8dt. knjr Prev￿u8ty unreo)gniBed propertieB.' three
hur¢h hall$ and on¥ m8rt#e, hav¢ b¥en add¢d lo Ihtr balance $h¢el thi$ ytrar, rglpcts'ng the *¢ur•t¥ $$$01 position
ol Ihe ne*ty fomed unh)n. FurthemKJre, a property previtiu* h.sted in the Fixed Assel Register of St Andrews
Church was found to be o*med centraty by The Church of Scotland and h8s been written off from the union's
accounts before flnalslng the c*JaOon of reser¥es and donauons.
These change3 weve necessary lo ensure the finan(xal slatements accuralety refieca the cuwent asset owTrernhip
•nd the tru• posith)n of th• unK*n, •$ ofthe ye•r •nd•d 31 D8¢¢mbor 2024.

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Reserves Policy
It is the policy of the church that unrestricied fijnds whid) have not been designated for a specific use should be
maintaine¢J at a level equivalent to belween three and six month's expenditure. The trustees consider that reserves
at this level will ensure that. in the evenl of a significanl drop in hjnding, they will be able lo continue the church's
current activities while consideration is given to ways in which additional fvnds may be raised. ThB level of reserves
has been maintained throughout Ihe year.
Inv•stm•nt Polley
Following the union of the nine churches to fom Arbroath & District Chufch of Scouand in 2024 it was decided to
maintain the investments held previous￿ by the uniling churches. until Ihe fomalities for the change ol name,
address and of signatories, were complete. This process has taken longer than antiapated.
Overall the Church is commilted lo the prudent management of rts financial resources in a manner that aligns wrth
ils Ghrisli8n values and long-lerm mission. Investrnents are currenty held in welk5pre8d charifund5. 8 few wel
spread Investments trusts, in Church of Scotland Investors Trust Growth and Income units and a few drect equities.
Hol¢Jings will be rationalised once the above-mentioned fom)alib"es are entirely complete. Investments currently held
are well-spread, with a locus on capital preseNat￿n an¢J stable income general￿n. The overall assessment ol risk
is deemed lo be medium.
RIBk Management
The Trustees have assessed the malor risks to which the church Is exposed. partlcularfy those relatlng to flnances,
and have implemenled plans lo mibgate these risks. Wlh an ageing congregation both nationalty and locally, the
ability to continue raising sufficient funds to meel both local needs and contribute lo the broader mission of the
church remains critical. In line with besl practices and guidance. the church will continue to emphasise the
irnportance of stewardship and enga9e the community in svpports'ng rts work. A(Jdilionalty. the thurch will seek lo
make rts buildings available lo olhtr groups, both as a means of outreach and as a source of income geneialitsn.
The long-temi financial viability ol the church will depend on maintaining strong community connections and
exploring new opportunities for income general￿Tr. The current lea(Jership remains committed. with a dedicated
tearn of Trustees who continue to support the church's woth. However. like many other organi5ations. the church
lace5 challenges due lo dernographic changes. with a 5ignrficant portion of Ihe leadership being of retirement age.
Th& long-lemi sustainability will depend on 8ppro8¢he$ lo maintsining relevan¢& wlhin the communty and
attracting now 8ngagèmÈnl.
Non-finanaal risks such as hearth and safety, food hygiene. safeguarding. and fire prevention are regularfy reviewed
by the appropriate teams (o ensure a safe environmenl for all invofved.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The congregation is a registered chanty. number SC006482 and is administered in accordance with the terms of the
Unitary Fomi of Constrtution and is subieci to the Acts and Regulations of the General Assembty of the Church of
Scotland.
Organlsatlonal Structure
Thè day-to-day management and administration of the church is delegated to Ihe principal tsffice bearers, as listed
on the Legal and Administrative Infomation page. These individuals a￿ ￿sponSible for overseeing the routine
operats.ons of the church in accordance wtth the deasions and poliaes set by the trustees.

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2024
R•crultm•rt and 4ppolnlm•nt ol InAt•
M•mb•rs of Kilt Session arn th• ¢h* trtAt￿. Th• S•uion m•mbm 4rn th• •ldèrn of th• ¢hLYch •nd
are (IN)￿n I￿￿n those mernber3 of tlw who (￿81dered to have the rywopriate and •killB. The
mlnbter. who 18 8 member of the Khk So88k)n, Is el8(thJ try the o)ThJr•gathJn aThJ Induc*ed ty Presbfi8ry. Th8 Ktrk
S8ssk)n Is app)Int8d from *rfthin th• coThJr8gatw￿ and m8mbws d tho cl)ngrng￿0n w8 In￿t•d to nomlnats
indr¥iduals who alp bel￿￿ to have the skil3 and canmitment to ryjnlribuie to the rnanagemenl of the
Churth, to become Krk Se86ion member8. The lQth SessKJn 18 (*aiTed try the minirter ￿ meets at beast three
mes In a yffir. Certaln responslbllltl88 aro ddegatod to tho v8rhJu8 Task Groups as apprcprfate. The Kjrk Sossknn
whith medj ot Iwt tPY¢e ti[￿ 4 year 13 responsikAe fvr spiritu41 aff4irs TAithin th• thurth. Thg hJndion3 ofth? lfjrk
Se83N)n, bdh and tsmpwal shal be dew to the lfjrk Se8won ExevJl1￿ vthith shall (XI￿priSe the
Moderator crf the lQrk Se8sbn. Sos8kJn Clerks wlth LI￿ Ehjors frcrfn ea(* task group ￿ Sh￿1 moot onca a month
or 88 d••m*1 n8c*ssary. C•rtAin r•spon&tilrfi•s arn d818gat•d to th• Task Groups as ApF¥owi*& Th8 Kirk S8ssion
3hal rneet at IBa3t annuaty orThtsn to do 80 in VAlh the t)gBd ofCor¥JlilulirM.

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees, report was approved by the Board of Trustees.
7 August 2025

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEAIBER 2024
The trustees are responsible for preparing the Truslees. Report and the financial statements in accordance with
applicable law and United Kingdom Ac￿untrng Standards (United Kingdom Generally Accepted Accounting
Pr8Cticel.
The law applicable to charities in Scouand requi￿$ the trustees to prepare finanaal statements for eath finanaal
year which give a true and fair view ol the state of affairs of Ihe church and of the incoming resources and
application of resources ol the church for that year.
In preparing these financial statements. the truslees are required to..
select 5Ultable accounting policies and Ihen appty them consistenty..
observe th8 methods and principles in the Charities SORP.,
make judgements and esb'mates that are reasonable and prurjenl",
state whether applicable accounting standards have been followed. subject to any material departures disclosed
and explained in the financial statements". and
prepare the financial slalements on the going concem basis unless r( is inappropriate to presun* that the charty
11 continue in operation.
The Iru3lees are responsible for keeping sufficient accounting records Ihal disclose with reasonable 8ccur8cy al any
tlm8 the financial position of the churth and enable them to ènsurè that the financial statements c￿￿pty with thè
Charities and Trustee Investment (Scotlandl Act 2005. the Charrties Accounts (Scotlandl Regulations 2006 and the
provisions ol the trust deed. They are also responsible for saleguarding the assets ol the church and hence for
taking reasonable steps for the prevenlion and delection of fraud and other irregularities.

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF ARBROATH AND DISTRICT CHURCH OF SCOTLAND
Opinion
We have audited the financial statements of Arbroath and District Church of Scotland (the 'church'l for the year
ended 31 December 2024 which comprise Ihe statement of finanoal activrties, the balance sheet, the statement of
cash flows and notes to the financial slatemenls. induding significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and Unrted Kingdom Accounting Standards.
including Financial Reporting Standard 102 The Fin8ncJ81 ReportAng St8nd8rts 8pplic8ble in th8 UK 8nd Republic ol
Irelond (United Kingdorn Generally Accepted Accounb"ng PractiGel.
In our opinion, the financial statements".
give a true and fair Y￿W of the state of the charity's affairs as at 31 December 2024 and of its incoming
resources 8nd applicalion ol resources. for the year then ended.,
have been property prepared in accordance wsth United Kingdom Generally Accepted Accounting Practs'ce..
and
have b6•n prepared in accordance with the Chanties and Trustse Inv•stm&nl Iscotlandl Act 2005 and
regulation 8 01 the Chanties Accounts (Scotlandl Re9ulations 2006.
8a818 for oplnlon
We conducted our aufjlt In a¢¢ordan¢e wilh Intemalional Standafd$ on Auditin9 IUKI IISAS IUKII and appll¢abl$
law. Our résponsibilities under those standards are further desuibed in the Auditorfs rgsponsibilili&s for the &udit ol
the fi'nancial statements section of our report. We are independent of the church in accordance with the ethical
requirements that a￿ relevant lo our audit of the financial statements in the UK, induding the FRC'S Ethical
Standard, and the provisions available for small entitie5. in the circum5t8nces sel out in note 31 lo the financial
statemen13, and we have fuwilled our other elhical responsibilrties in accordance with these reqU1￿mentS. We
tselieve th81 the 8udil eviden￿ we have obtained 1$ suffKienl and 8ppropri8te lo provide 8 basis for our opinitsn.
Conclu8lon8 r•latlng to golng eoncém
In auditing Ihe financi81 statements. we have conduded th81 the tru8leès' use of the going Ctsncttm basis of
a¢¢ounling in the preparation of the finan¢ial slalements 1$ 8ppropiiale.
Based on the work vle have perfom)ed, we have not identffied any material uncertainties relatlng to events or
conditions that, individualty or collecti¥ety. may cast significant doubl on the church's ability to continue as a going
concern for a period of at least ￿efve months from when the finanaal statements are aulhorised for issue.
Our respon8ibililie$ and the wponsibilities of the tfU8tees wth respect to going Mncem ¥rt described in Ihtt
relevant sections ol this report.
Oth•r Infomiatoon
The other informalion cornprises Ihe information included in the annual reporl olher than the finarcial statements
and our 8udilorfs report Ihereon. The trustee$ 8re responsible fr)r Ihe other information cont8ined within the annu81
report. Our opinion on the financi815tatements does not cover Ihe other information and we do not express any ft>im
of assurance conclusion thereon. Our responsibility Is to read the olher Infom)ation and, in doing so. consider
whether the other infomiation is materialty inconsistenl with Ihe financial statements or our Kno￿edge obtaine¢J in
the course of the audit. or othewse appears to be malerially misstated. If we identify such material inconsistencies
or apparent material misslaternenls. we are required to detemiine whelher this give5 rise to a materpl misstatement
in the financial slalements themselves. 11. based on the work we have performed. we conclude that there is
material rnisstatement of this other inft>rmation, we are required to report that fact.
We have nothing to report in this ￿gard.

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF ARBROATH AND DISTRICT CHURCH OF SCOTLAND
Matt•r• on whkh w• ar• r•qulrod to rnport by ?xc•ptlon
hav8 nothing to rèport in respect of th8 fOlly￿n9 matters In r91a￿On to vthbch Ihe charl11￿ kts)unts Iscodandl
Regulations 2C¥J6 requires us to rfrport to you rf, in our opMX￿."
tho infonn¥l￿ given kn tho ffin4nu#l $tstemsnts 1$ me￿51$to￿t •rry mat¢rfo1 wp0L* wlth th& trusts¢$'
r•port, or
proper accounting records ha￿ nol been kept.. or
th• financlal slat•m•nts are not In agreement wllh the accountlng racords." or
we have not receNed all the inlormath)n and explanalions we requirg for our audiL
R••pon•lbNltl•• of tru•t•
As explained more in the statement of Iru8tee8' reSp￿S1￿.￿beS. the tnJSt8￿ are re8pon8iNe for the prepar8b.on
ol the financial statements and for bekng satisfied that they give o true and fair wew, and for such nlemal contrG4 as
the trusiees delermlne Is necessary lo enat4e the preparthn of finanual $talernents that are free frorn materfal
misstslemenl. whether due to fraud or errw. In pr•paring thtr financial state￿nI1. the tru•te?¥ ar• ￿sponsib￿ for
assèssin9 th• ctturch's ablty to contlnuo as a g￿n0 0)n¢￿n. dlscbslng. as 8ppkat4•, mattors rglated to going
concern and using the going concem basls of accounllng unhss ihfr Iwstefrs Olther Intend to c•asfr Lyrallon8, or
have no r8alists'c attematsv8 bul to do so.
Audltorf• r••pon•lbllltJ•• for th• •udSt ol th• fln•ncl•l •tst•m•nts
W• havfr b8•n appointed as audrtor under seCt￿n 4411llc) ol th• Charli1•8 and Trust8e ln￿StM•nt Iscotsndl A¢t
2CQS and report In accordance vhth Ih•Act and relèvant r8gulatlons mad• or havlng effect thereund8r.
Our obJeclfve8 are to oblain reaoonablp assurance •bLxrt *thether the flnandal statements a8 a whob aro free from
material mi38lalemenl. vthelhef due lo fraud or error. and lo issue an audrtorf8 report that indude3 our opinion.
Ro8$onabl¢ 8$SUran￿ w o hyh ol o$iur4n¢* but 1$ not • guor#nts• th•t an ouait ¢ondu¢ted In a¢¢ord¥n¢•
vAth ISA$ IUKI vlll thlays detsd a mat&rf81 ml$ststemnt when it ¢xi$t$. Ml$it8t•m*nt$ ¢8n •rt$¥ trom fraud or
error and afg ¢on$id•f¥d mat•rial rf, indNhluaty or in lh* aggregate, th&y codd b8 exp•d8a to bnfluen
the eCt)nOm￿ d•a8ions of us•rs taken on the basis of thesa financAal statements.
Irregularftkis, Indudlng fraud are kn$tanC￿ of nonwcomplance laws and regulatlons. de8vJn procedures In
line with our Tesponsiblrtie3. a3 ouuined above. lo detect materilll mirrJtatem•nts in r•¥pecl ol irregularitie8,
including hud Ind nor￿QMplianc• with IWB and re9ulation$ •$ dtsta1￿ bgbyw.
The audrt te8m has appro￿81• skllls and •xp•rti8e rnquir•d and thmuph dlKusslons t*hth mnwm•nt and
Trustees, knowledge of the sector to ensure any nonwcomplance is recognised and 811 Trecessary disdosures are
made. The contrc46 In place h* the church mtyate lh8 rtsk of fraud and alw ahl$ them In hvJhl"9hts"Thg any
inslances of fraud ¢hat mlghl have occuThed.
The extent to vthi¢h our pro¢edur•8 arn c•pot4e oldete¢tin9 thgd•r6t*•, I)￿￿1n9 fr•ud. 16 detolknd belw..
Maklng enquiries of management about any kncmn or suspected instsnces of non compliance vAth law8
and regulations, incljding GDPR. empknyment law. safeguarding law, health and safety laws and fraud
R￿leW of Cor￿spOndence wth ￿gu￿10[S induding OSCR. ConVan￿ House and kgal adv¢sors
Review ofkgal fees expendrture and board minules
Challenging a8surnptN)ns and judgefflenls rnade by managempnl in their SWnTficanl accounting e8timates
inC￿ding th• applic8t*)n of judgemèni&std accounting pOl￿*S and th• albcalion of rèslridèd axpansès
Auditing th• risk of m8n8gemtrnl ov•Nid• ¢onlth. induding through t•$tino of joumal •nlri•$ and oth•r
adjustments for 8ppmpriateness
Performing anatytical procedures to idenbfy any unusual transaclion&
• re¥￿Tra minutes of meeiings of managemenl and those charged with go¥emance

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF ARBROATH AND DISTRICT CHURCH OF SCOTLAND
Because ol the field in which the charty operates in. we identffjed the following areas as those most likely to have a
material impact on the financial slalements..
Direct impact on financial statements=
Companies Act 2006
FRS 102
SORP 2019
Indirect irnpact on financ481 ststements..
Employrnenls18WS
Heatth & safety laws
Food hygiene regulations
Safeguarding regulations
GDPR
A fvrther descripbon of ovr responsibiliti'trs is availabltr on the Financial Rèporling Council's website al.. ht￿S..11
www.frc.org.ukl8uditorsresponsibil(ii&s. This des(XiPts"on loms part of our audilorfs r&port.
Oth•r matter8- comparatlve Infonnaljon
The financial statements for the year ended 31 December 2024 indude corresponding figures lor the year ended 31
December 2023. Those figures were denved from financial slalements Ihal were subject to an independent
examination, rather than an audit. We have not audrted Ihe financial slalemenls for the year ended 31 December
2023 and, accordingly, we do not express an audit opinion on those figures.
Your attention is drawn to the 18U Ihal the ¢h81ty has prepared finan¢i81 S￿l￿MentS in ac￿rdance with "A¢¢¢unling
and Reporting by Charilie$'. Stslem&nt ol R&¢ommènd&d Practi￿ applicabl& lo ¢hariti¥$ pr¥p8rin9 their a￿oUnt8 in
accordance wrth the Financial Reporting Standar¢J applicable in the UK and Republic ol Ireland IFRS 1021. las
amended) in preference to the Accounting and Reporting by Charities.. Stalemenl of Recommended Practice issued
on 1 April 2005 which is referred lo in the exlant regulations bul has now been withdrawn.
This has been done in order lor the fjnan¢i81 statements to Provide a true and fair view in accordance with current
Generally A¢¢epled A¢¢ounling Pr8¢ti¢e.
U80 of our rèport
This report is rnade solely to the Charity's trustees. as 8 body. in ac￿rdance wth Regulation 10 of the Charities
Accounts Iscollandl Regulabons 2006. Our audit work has been underlaken so th8t we might $18te to the ch8rily's
trustees thosè matters we are r￿UlTed to state to thèm in an auditor's report and for no other purpose. To thè fullèst
extent pemitted by law, we do not accept or assume responsibilty lo anyone other than the charity and the charity's
trustees as a body, for our audit work, for this report, or for the opinKJns we have fomied.
s Audit
Findlays Audit Limited, Ststuiory Auditor
Chartered Accountants
11 Dudhope Terrace
Dundee
DD3 6TS
7 August 2025
Findlays Au¢Yit Lirnrted is eligible for appointmenl as auditor of the churth by virtue of rts eligibility for appointrnent as
auditor of a company under section 1212 of Ihe Companie5Acl 20C6.

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEAIBER 2024
Current financial year
Unrestricted EndowTnent
funds
funds
2024
2024
Restricted
funds
2024
Total
Total
2024
2023
Income and endovrnents from:
Donations and legacies
Ch8ritsble activities
Other trading activities
Investrnenls
Other income
425,397
23.012
64.578
46.204
1.859.251
47,391
1.070
388
472,788
24.082
64.966
48.438
2.222.563
80,938
12.635
5,330
11,972
2.234
55.989
307.323
Totsl Income
2.418.442
58.223
356.172
2.832.837
110.875
Expondltur• on..
Raising funds
Charitable activili$s
Other expenditure
4.148
579,826
115.645
262
438
74,841
4.848
654,667
115.845
2.558
152,660
14
Total expendltur•
699,619
262
75.279
775.180
155,218
Nel gainslllossesl on
investrnents
15
66.378
2.333
7.465
76.176
18.274
Net Incomellexpendltur•l
1,785,201
60.294
288,3S8
2,133,853
128,0691
Tran3fers be￿een funds
170.195
1170.0161
11791
Nel movement In fund$
11
1.955.396
1109.7221
288.179
2.133.653
128,0691
R•¢oneillatSon ol lund•=
Fund balan￿S al 1 January 2024
224.464
170.016
2.790
397.270
425.339
Fund balances at 31 December
2024
2,179,860
60.294
290.969
2.531,123
397,270
The statement of financial activitie5 includes al gains and105ses recognised in Ihe year. All income and expenditure
derive frorn continuing activities.
10-

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEAIBER 2024
Prior financial year
Unrestricted Endovmient
funds
funds
Restricted
funds
Total
2023
2023
2023
2023
Notès
Income and endowments from:
Donations and legacies
Charitable activities
Other trading activitiès
Investments
80.938
8.764
5.330
9.680
80,938
12.635
5,330
11.972
3.871
2.292
Total Incorn?
104.712
6.163
110,875
Exp¢ndltur• on..
Raising funds
Charitable activiti$$
2.558
2.558
152,660
143.616
9.044
Total •xpèndltur•
143,616
2,558
9.044
155,218
Nel goinslllossos) ot) Inv&$lments
15
7.883
8.391
16,274
Net Incom?IlexpendltUTel *nd movemenl In fund¥
131.0211
5.833
12.8811
128,0691
R•eonclllatlon ol fund8:
Fund balan￿S al 1 January 2023
255.485
164.183
5.671
425.339
Fund balonce$ at 31 December 2023
224.464
170.016
2.790
397,270
11

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Notès
Fixed assets
Tangible assets
Inve5trnents
17
18
786,361
1.3(￿.124
29,955
301,114
2,092.485
331,069
Current assets
Debtors
Cash at bank and in hand
19
78.616
389.862
4.936
64.699
468.478
69.635
Credltors.. amounts lalllng due vAthln
one year
20
129.8401
13.4341
Net current a¥•?ts
438.638
66,201
Totsl 48$•18 1•8$ ¢urr¢ni11oblllU¢$
2,531.123
397,270
The lund8 of the church
Endowment funds
Restricted income funds
Unrestricted funds
80,294
290.969
2.179,860
170,016
2,790
224,464
22
23
2.531.123
397.270
The financS8l stateménts w8r• approvèd by th• trusle•s c*17 August 2025
12-

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Ca•h flow8 from op•rntlng aetlvltl••
C88h generaled frO1￿1{abe0thd by)
operalons
1.157.W3
{50,0521
knv••tlng •etlvltl••
PuTch88e of langit4¢ fixed assets
Proceeds from disposal of tangible fixed
a&ryets
Purchase of investments
Proceed8 from disposal ol InNY•tn*nts
Investment income recelved
1767.5351
11,2591
{115.6451
136.2481
38.248
11,972
N•t c••h lu••d lThVg•n•rni•d from Invmllng
{832,7401
10,713
N•t ¢i•h g•n•r41•d from fin*n¢lng i¢llvltl••
N•t In¢Y•*ulld•¢Y••••) In u•h •nd u•h
•qulval•nts
325.163
{39,3391
Cash and caoh 6qufva*nt8 at begIn￿n9 of year
104,038
Ci•h •nd c••h •qulval•nts •t •nd ofyur
389,882
64,699
Th• not•$ on ￿0•5 14 to 35 frJTh part ofthwi finanod stat•m•nts.
13-

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
Charity inforrnation
Arbroath and District Church ol Scolland is a ￿gIStered Scoth"sh Charity ISCLW821. The prinapa address of
the charity is Keptie Street, Arbroath. DD113AZ.
1.1 Accounting convention
The finanaal statements have been prepared in accordance with the church's goveming document, the
Charities and Trustee Investment Iscollandl Act 2005. the Charities Accounts (Scotlandl Regulations 2006.
FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities
SORP "Accounting and Reporting by Charities. Ststement of Recommended Pr8Ctice applicable lo ch8rities
preparing their awounts in aGwrdance with the Finanual Reporting Standard applicable in the UK and
Rèpublic ol Ireland IFRS 1021". The churd) is a Public Benefit Entty as defined by FRS 102.
The financial statements are prepared in sterting. is the fijnctional currency of the church. Monetary
arnounts in these financial statements are rounded lo the nea￿st £.
The financial statements have been prepared under the historical ￿st cOnvent￿n. modified to include the
revaluat￿)n of certain finan¢i81 instwuments al lair value. The prinrypal a¢￿untIng ptsli¢itrs adopl&J are set out
below.
1.2 Golng eonc•m
At the time of approving the fin8ntyal slatemenls, the trus*trS have a reasonable expectation th81 the churth
ha3 8dequ8le resources lo ￿ntInue in operational exislence for the foreseeable fvlure. Thus Ihtr INslee$
continue to adopt th¢ 90ing ¢on¢em basi$ of a¢¢ounlin9 In preparing the finanoal statements.
1.3 Charltable fund$
Unrestricted funds are available for use at the dIs￿lI0n of the trustees in furtherance of their charitable
objectives.
Restdcted funds are subject to speafic condrtions by donors or g(antors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financAal statements.
Endowment lunds are subject to specthc condrtions by donors that the capital must be maintained by the
church.
1A In¢ome
Income is ￿cOgnised when the church is legalty enlitled to it after any perfom7ance conditions have been met.
the amounts can be rneasured reliabty. and it is probable thal income wll be received.
Cash donations are recognised on receipt. Other donations a￿ recognised once the church has been nots'fied
of the donation. unless perfomance conditions require deferral of the amount. Income tax recoverable in
rela¢ion to dona¢ions recewed under Grf¢A￿ or deeds of co¥enanl is iecognised at Ihe Urlle of the donation.
Legacies a￿ recognised on receipt or otherwise if the church has been nolffied of an impending distribution.
the amount is known, and receipl is expecte(l. If the amounl is not known, the legacy 15 treated as a
ontingent asset.
Grants. including govemment grants are rec￿niSed in the Statement of Financial Activities when the charity
has enlrtlement to the funds. it is probable thal Ihe income will be received. and the amount can be measured
reliably. Mthere grants are restrided to 5peryfic purp95es. they are credited to 8 restricted fund and reoognised
in accordance with the tems of the grant.
Income from the rental of thurrh halts and olher premises is recognised in the Staternent of Financial
Actwthe5 when the rent81 services are provided. and the income is ieceN8bk.
14-

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
A¢¢oundng poll¢l••
Icontlnuodl
1.6 Exp•ndltur•
Exp8ndiluTe is recognised once there is a ￿31 or con8lruclNe obb'9at￿n lo transfer economic benefit lo
th¥d poty, it 1$ prob•blg th81 • transfgr of ￿¢tioN￿¢ b•nsfits wll bo r￿utrI1 in selU8monl. and lh• •mount of
th• obllgation can b• m•asuf•d reliabty.
Gwmanc• ¢osts 8r• defin￿ 48 in IM wvwnanc* of th• clwrlty and it6 o)mOan¢• wtth
$tstutory r8qulr¢mènts. Th¢s• Consist scwy of audit & Indèp•nd￿t oxamlnation f¢•s. In thè prfor yèar,
support costs were presented separatety. From Ihe cjjnenl year, they are induded wilhn their natural expense
categories. ComparatNe fjgur88 hav8 been re8tatod to roll8ct this chango in polcy.
1.8 T•ngllA• flx•d •*••ts
Tangible fixed Bssels are initialty measured at cost and subsequenty moasured al cost or valuation, nel of
doprecialion and any imp8imwnt bsse8. A￿ts ar* ¢8prtatstd when th• i)dr¥idual £l.CO). Iltrms
¢￿￿ngle$S th•n £1.(h)0 or• treotod 4$ *xpnd6tw• in th• y••r ol pur¢h86•.
Oeprwot￿jn is recognited 80 ai to write off the c￿t or valuation of 4s8ets less their residual value8 over their
u8•fv1 IIv¢$ on tho ft41tr*Ang ba￿.
Freehold buildirvJ•
L•8sehokl Improv•m•nts
Fixlures and fitling8
Equipment
No depre(4atk
10 ytsats straffjht IM)
5 year3 8trabJht line
S years S￿￿￿ht lino
Th• galn or So$$ arfslng on of an •$s•t 6$ det•rrth•d dIff￿n￿ b•￿In th• 101• pr￿•d1
•nd the ¢arylng vabje olth• 4$8•t, and 1$ r•¢ryrls•d In lh• $t8t¥m•nt of finano•l Act￿1111$.
Th• bu1￿)Ing9 h¥v• not be￿ d•we¢lot¢d, 48 th• Tru$ts•$ bd•¥• ihelr rnwdual ¥•￿0 *rfll ex￿￿ th•lr n•t
book value, primarity due to •xt•nsive mainl•na￿e and upk••p. Cèrtain propèrties hav• t••n rocognliod at
PO8tsy•ar•nd 8810 v8bJ•s, which support th• Tw$t••s' vifrw that no d•preciab"on 1$ n￿l88ry. Oth•r
propertk86 have been ¥abJed by the Trustees based on factors such as slze, Ixation, and market actlvty,
including recent sales of properties currenty Isted lor s* simlar characterislics.
The ¢hur¢h has the rfght lo cttupy and use for ts Chantsb￿ obje¢ts c*rt8in tsngit48 fixed assets, Indudlng
the ¢hur¢h, halli ond manse, vÈ$ted in lh¢ Chur¢h of Scolbnd G•ner•l Tru$te¢$. No ¢on$id0f•l￿n 1$ p•yoblo
for th• us• ofthes• #ss•ts. Exp•nditur• incurr•d on Ihè and maint•n8nc• of th•s• a$$ets 1$ ¢*4ry•8 9$
expendltur• in Ihe Statement of Fin8naalAclNib'68 li th& penod In whth tha hobilty aris￿.
1.7 Flx•d I$￿t Inv••tm•nts
Investrnents in the Church of Scolland Unié Twsts we measured at the bidloffer wice deternined by the
Churth of Scorfand al Ihe year end.
Invèstments hald in invèskngnt porffolo$ ¥? at th•ir martet Value 8$ provthd by lh• inwtment
managers at the year end.
1.8 knpalmi•nt of flM•d #•*•ts
At each reportlng end date, the chwth re¥lews the canWThJ aff￿Unts of tts langib* a56ets to deteThnlne
vthelher there is any indicaknn that those assets have suffered an impairnenl loss. If any such indrabon
eyis18, the r￿0Verable amount of th? a&sgt is estimated in order lo deterynine the extent of the wnpairment
ss lif any).
15-

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2024
A¢coun¢ing policies
(Continuedl
1.9 Cash and cash equlvalents
Cash and cash equivalents indude cash in hand. deposits held al ¢811 with banks. other 5hort-teirn liquid
inve5trnents wth original maturities of Ihreg m¢)nlhs or less, and bank oveidiafts. Bank overdrafts are shown
wbthin borrowings In current liabilrties.
1.10 Flnanclal Instruments
The church ha5 eleded to appty the provisions of Sedion 11 'Basic Finanryal Instruments. and Section 12
'Other Finanaal InstNments Issues. of FRS 102 to all of its finanaal instwmenls.
Financial instruments are recognised in the churth's balance sheet when the church becomes paty to the
contractual provisions of the instrument.
Flnancial assets and liabilit￿5 are offstrt, wilh the nel amounts presented in Ihe financial stslements, wh8n
there is a legally enforceable nght to set off Ihè rè¢ognised amounts and ther& 1$ an intention lo settle on a nel
basls or to realise the asset and se¢Ye the liability $imuNaneou$ty.
Basic financial assets
Basic fin8n¢ial assets, whth #idude doblors and ¢ash and bank balances, aw initially measured at
transaction price including transaction costs and are sUb￿qUentty CArried at amortis¢d ¢ost using the effective
interest method unless the arrangement constilules a finanung transaction. where the transaction is
measured at the present value of the lulure receipts discounted at a market rate of interest. Finanaal assets
classified as receivable within one year ale not amortised.
Baslc finonclal Ilabillties
Basic finanual liabilities. including credrtors and bank klans are Initial￿ recognised at transaction price unless
the arrangement constilules a financing transaction. where the debt instrument is measured al the p￿sent
value ol the future payments discounted al a market rale ol intefe61. Finanrial liabilitie6 classified as payable
wrthin one year are not amortlsed.
Debt Instrumènts ¥re subsequèntty carried at amorti$ed ¢o$t. usin9 the t￿ctly• interest rate m•thod.
Trade creditors a￿ obligations to pay for goods or services that have been aCqUi￿d in the ordinary course of
operations from suppliers. Amounts payable are classffied as current liabililies il payment is due within one
year or less. 11 nol. they are presented as non-current liabiliues. Trade creditors are recogni5ed initially at
Ir8ns8clion price and subsequentty measured at arTr)rtised cost using the effeclNe interesl rnethod.
Dv•¢ognitiOn of financial liabilities
Financial liabilitie5 are derecognised when the thurth's contractual obligation5 expire or are discharged or
cancelled.
1.11 Ernployee benefits
The cost ol any unused holiday entrflement is recognised in the period in vthich the employee's Ser¥￿e$ are
received.
Terrnin8tion beneffits are recognised immediatety as an expense b¥hen the chur¢h 1$ demonstrably ¢ommrtted
to temiinate the employment of an employee or to provwje lemiinats.on beneffts.
1.12 Retlrement benefits
Payments to deffined contribution retirement benefft sthernes are charged as an expense as they fall due.
16-

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
c￿1¢11 accountlng •otlrn•t•s and ￿d9•Ments
In the application of Ihe thuTch'¥ accounling polrAe8. the tru8tee8 required to make iudg8mert8, e8timal88
and assumpllons ab)ut thè carrying amount ol assèts and tha￿.￿.•S that not rèadty apparènt from othèr
sour¢•s. Th* *$bmal•$ and a$wat*d assumptions ar• bas*d on hi$torKal *xp•r*n¢* and o¢h•r fa¢lor$ that
•re ¢on$ider¢d to be rek¥anLA¢tU81 resuh may dffler from Ihex eslrntes.
The esllmates and undertylng assumplhjns are re¥le**d on an ongolng basls. RevI￿On8 to accounllng
estimates are recogni8ed in the per￿1 in whth the estimale is mised where the revision affects that
p8riod, OT in the perh?d of the rewsM)n and ftjture period8 where the r8vision afvcts both C￿rrent and fvture
peilod$.
K•y •oureM of ••tlmatlon un¢•rt*lnty
D•prnclatlon
D•prwalion 1$ con?ider¢d 8 key accountsn9 ?¥timaltr, rnquiiing judgment in asstr$iing thtr u¥ofv1 •¢onomi¢
ve6 and re8idug1 values ol tsngiblo fixed a88ots. These •stsmat•8 are basad on Ihe intended of th•
assels In delN8ring Ihe charity's acii¥rties. hlstOriC818xperience, and industry nomis. Th• d&preclatlon charge
Is reviewed annudty, and any chanw In asSumpt￿n$ COU￿ lead to materlal a￿UStMents in Ihe fflnanclal
8ts1ements.
Property ¥•lu•ilon
As part ol the union of Multip￿ cOngwat￿n3 during the year, the charity assumed re3ponstJdty for a number
of propeths lincbjding thurch hals and a man8el whth had not pre￿Ou3ty been re¢>)gni8ed on any balance
sheet. Ahhough the Church ol Scodand retains thvnersh* of churth bu￿Ing$. these addrtlonal properlle6
w•r* conflnmd •8 belng Ixalty ¥•$l•d ond hov• tr•r•for& be•n rwnimd In the finoftty81 $l¥tsm&nts for the
fir81 lim*.
In the 8b8•nc• of fomal v8luaUon8. th• trust￿ have appll8d ￿dg•man1 In 08llmatlng tha falr vtha ol th080
propert￿$ for Indu￿on in the fixed asset register. These estimates We￿ based on a range of lactors, induding
property size. kjcation. recent market activty. cond￿'0n. and indicative s* price6 for comparable buildings.
The trustees considered th18 appToach to be reasonabk and pfoportknnate. gfven the nalure and use of the
aMets and the cost of obtaining profe3•K>￿1 valuption&
The va￿a￿0n ofth•￿ pro￿rt*S r•prn••nts • $lgnffl¢•nt of •8tlmallon And ludg•m8nt wlthln lh• Ilnand81
slalem8nts.
In¢om• fvorn doMtJon• and logacl
UN••trl¢t•d R••trl¢t•d
fvnd•
fund•
2024
2024
Totsl Unrn•trl¢t•d R￿trICI•d
fvnd•
fund•
2Q23
2023
T¢)tsl
2024
2023
Donation3 and
Legacjes
Grants
248.268
7.967
171.162
8.W21
255.189
7.967
209.632
80.938
80,938
38.470
425.397
47.391
472.788
80.938
80,938
17-

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2024
Income from donalion¥ and le9acies
(Continuedl
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Don•tlon¥ •nd glfts
Offerings
Gift Aid
Ed Low Memorial Trust
196.546
45,233
4.489
8,921
205.467
45.233
4.489
65.229
11,807
3.902
65,229
11,807
3.902
246.268
8,921
255.189
80.938
80,938
Grant8
Church of Scotland
Angus Council
Perth Presbytery
Hill¢rest Foundation
The Duncan Trust
Scottish Govemm&nl
162,846
2,OCIJ
162.846
27.470
8.000
5,000
3.432
2.884
25.470
8,000
3.432
2,884
171,182
38,470
209.632
Church of S¢oll¥nd gf¥nl$ re¢eNeJ during the y¥ar r&l•l& pr¢dominanty to fund$ r&¢l8im&d from the Central
Fabric Fund. These funds are eamarked for use by A￿roath and Oistrict Church ol Scotland but ar& h81d
centrally and controlled by the Church of Scotland unts"l eligible repair woths are completed.
As the charity does not hold or control these funds. ihey are not included in the balance sheet. fvstead, they
are recognised as income when reimburserrent is confi￿ed and received. typicalty in arrears of the related
expendilure.
18-

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2024
Income from charitsble activitres
Rellglous
actlvltles
2024
Rellglous
actlvltles
2023
Groups, clubs & communty acb"vth"es
Weddings & lunerals
20,182
3,900
11,800
835
24,082
12,635
Analysls by fund
Unrestricted lunds
Restricted funds
23,012
1.070
8,764
3,871
24.082
12.635
In¢om• from oth•r tradlng o¢tlvlll•s
Unrn•trlet•d R•strlet•d
lund¥
funds
2024
2024
Total Unr•strteted Ré•trlct•d
fund8
fund8
2023
2023
Total
2024
2023
Use of preml$e$
84,578
5.330
5,330
Trading income primarity comprises renlal in¢ome from thur¢h halls. 11 also indudes in¢om¥ from tt)¥ rental of
91gbe$, in¢ome related lo $olar panel installatsons, and tho rontal of surplus man$e$.
19-

ciJ
ED
CDO

iry rA oj

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2024
Expenditure on charitable activities
Religious
activitles
Religious
activities
2024
2023
118 re8tated
Dlrect costs
Stsff costs
Depreciation and irnpaimient
Ministry costs
Church organisations
Premises costs
Other charitable activrties
103,203
11,129
268,195
6,￿2
225,400
24.838
20,615
9,985
69,332
4.048
39,885
8.195
639,667
152,060
Sharè of 8LlPPOrt and gov•mane• eo8t818•• not• 101
Governance
15,LKJO
654.667
152,660
Anoly$l$ by fvnd
Unrestricted funds
Restrictèd funds
579,826
74,841
143,816
9,044
654,667
152,660
Pré8•ntstlon of éxp•ndlturè
In the year en¢Jed 31 Dec 2024, the Church revised the policy for the p￿SentatiOn of support costs to Include
them within theii natural expense categories. rathei than disclosing them separatety.
Comparative figures for Ihe year ended 31 Dec 2023 have been ￿$tated to reffecl this change. This
restatement has no irnpact on lolal expendrlure or the net movement in ftjnds for the prior year. It is a change
in pre8ent8tion, m8d8 onty lo improve the darity and ￿nsisten¢Y of the financial statem8nl8.
10 Support eost8 alloeat•d to aeiiviti•s
2024
2023
•¥ re#tated
Govèmance costs
15,000
600
2024
2023
Govemance costs comprfse:
Audit & independenl examination fees
15.000
600
15.000
600

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2024
10 Support ¢o¥ts allocated to a¢tivitie¥
(Continuedl
Charitable expen¢Jiture is set out in Note 9. The comparab.ve figu￿$ for the year ended 31 December 2023
have been restated to reflect a change in accounting policy regarding the presentation of support costs.
Further details are provided in Note 9.
11 Net rnovgment in funds
2024
2023
The nel movement in is slaleil after ¢h8rgingllrJe(libngl=
Fees payable for the audit of the charity's fjnancial slatements
Depreciation of owned tangible fixed assets
Loss on disposal of tangible fixed assets
15,000
11.129
115,645
9,985
12 Tru8t•
During the year, the Church met costs totslling £19.11912023.' £3.5501 in relation to the minister.
These ¢ompristd'.
Manse-related expenses of £14.20512023.' £3.5501. Including council tax. utilities, and tèlecoms. Thé
increase in manse costs reflects the holding ol additional manses following the union.
Travel costs of £4,914 12023.. £nill. incurred in ojnnectson with the minister's duties.
During the year, Iruslee$ donated a total 01 £43.719 to lh& Churth12023." £16,450). Th& in¢r&a$e is due lo the
union, with this yèar's total rèflèctin9 donations from Iwslèes acros$ the newly unitèd Church. Th¥
comparative figure indudes onty donations made wrthin Arbroath West Kirk Church ol Scotland.
During the year, the Church enlered inlo the follwng related party tr8ns8ctions'.
Two individuals served as both Tmstèes and employees. One rèsigned as Trusteè in May 2024 but
remained employed.
The daughter of a Trustee (who stepped down In April 20241 was employed as 8 Church
Administrator. The Trustee did not participale in decisions about her appointment or pay.
A Truslee employed by the Church of Scotland seryed as Children & Farnily Worker for Arbroath and
District Church of Scotland. During the year. a contribulion of £16.409.61 wa5 paid directly to the
Church ol Scotland towards this Truslee's salary", no payments were m8de diiecty to the Ttustee.
All remuneration and contribulh)ns were made in respect of employment services only and not for setvices
perfomed as Trustees. These arrangements were conducted on normal commercial tem)s and wrth
appropriate approval and oversight.
Totsl related party remunerats'on and benefits paid during Ihe year. including gross salary. empl¢)yer pension.
employer NIC, and payments to Ihird parlies. amounted to £52,330.
These individuals were not employed by, nor held trvstee posth.ons in, A￿roath West ￿rk Church of Scotland
in the year ended 2023,. accordingty, comparative inforniation has not been presented.
-23-

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2024
12 Tru¥te
(Continuedl
All Church of Scolland congregations wnlribule lo the Nabonal Slipend Fund. which bears the cost of all
rninisters, stipends and employer contributy'ons for Nalional Insurance. pensions. housing. and loan frjnds.
Ministers, sb'pends are paid in 8ccordance with the national sty'pend scale. which is related to years of service.
For the year under review, the minimum sbpend was £31,642 12023. £30,1351, and the maximum stipend in
the fifth and subsequent years of seNice was £38.88412023". £37.0321.
13 Employees
The average monthty number of employees during the year was:
2024
Number
2023
Number
Music staff
Prernises Maintenance
S8cretarial staff
Other staff
Total
12
Employment costs
2024
2023
Wages and salaries
Other pen$ion ¢o$l$
100,643
2,560
20,198
417
103,203
20,615
The average monthty headcount for the year is reported as 12. This figure ￿fleCt$ 4 staff members employed
prior to the union of congregations, and 14 staff rneMbe￿ employed thereafter. The average is the￿fOre
slightly lower than the current staffing level. Wh￿ has remained at 14 since the unlon.
There were no ernployees whose annual remuneTation was more than £60,IXIO.
14 Other expendlture
Unrèstriet•d Unrèstriet•d
funds
funds
2024
2023
Net loss on disposal oltangible fixed assets
115,645
-24-

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2024
14 Other gxpgnditure
(Continuedl
The net loss of £115.645 relates to the wrrte-off of tangible fixed assets lo#owing the union of congregations.
These assets primarity comprised tenanys improvements to church buildings owned by the Church of
Scotland. As the charity did not hold legal lrtle to these properties and the irnprovements could not be
relocated. their carrying value was fulty wrilten off. In addrtion. a number of low-value assets no longer in use
weFe a150 written off during the penod.
-25-

•vJw
4N
7J

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2024
16 Taxation
The chanty is exempt from tsxation on its activibes b￿ause all rts income is appl￿d for charitsble purposes.
17 Tanglblè Ilxèd assèts
Frnohoh1
Loa8ohohJ Fixiurt8 and
ng$
Equlpmant
Total
C￿t
At 1 January 2024
Additions
Business combinal￿n8
18.812
21,128
39,940
75,535
692,000
44,125
692.OCKJ
31,410
At 31 December 2024
736.125
31.410
18.812
21.128
807,475
D•pr•elatlon and Impalmi•nt
At 1 January 2024
Depreciabon charged in the year
4,703
3.762
5,282
4.226
9,985
11.129
3.141
Al 31 De¢ember 2024
3,141
8.465
9,508
21,114
Carrylng amount
At 31 December 2024
736.125
28.269
10.347
11.620
786,361
At 31 December 2023
14.109
15.846
29.955
During the year, addits'ons to tangible ffixed assets totslling £692.ol￿ were recognised in respect of church
halls and rnanses acquired through Ihe union.
As part of thè assèt rèvièw and consol￿3110￿ procè$$, a detailed assèssment of propèrty ownership and
vésting arrangements was undertaken. This resulted in several adjustments to the fixed asset register, as
outlined below".
A building which was previousty included in the fixed asset ￿gIster of one of the legacy
congregations. was found to be vested in Ihe General Trustees of the Church of Scotland and not
under Ihe Ioc81 congregalion's ¢x)nlrol. As such. this 8sset was derecognised.
Conversety, certain properties - comprising manses and church halls were identified during the
review as being local￿ vested in the Arbroath and Distnct Church of Scodand cong￿gation, despite
not having been ￿COgnised on any of the legacy cong￿gatiOns. fixed asset registers. These assets
have now been recognised as additions. vmh corresponding amendments to the donated value of the
legacy church reserves.
These adjustments ￿flect the accurate posrtion of property holdings under lo(xl trusteeship and ensure the
rLxed asset register properly ￿preSentS the buildings vested in the local congregation.
-27-

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
18 Flxod a•s•t Imi•8trn•nts
U8t•d
Unll8t•d
Imi••tm•nts Inv••tm•nts
Total
Colt or valu•tSon
Al l January 2024
Addition8
Vabjatlon ¢hanges
Inv?strnenl manao•r f•
Union acquisitions
Dlsposals
170,016
36.246
47,7es
12,7541
495.217
138,2481
131,098
301,114
36,246
80,932
12,7541
928,834
{38,2481
33,167
433,817
At 31 D￿M￿l 2024
708,242
597,882
1,306,124
C•rrylng •mount
Al 31 DI￿rn￿r 2024
708,242
597,882
1,306,124
At 31 DI￿rnber 2023
170.016
131.098
301,114
A8 al 31 DI￿rnbo1 2024, lh• hlstori¢o1 ¢o$l olfrA•d oSS•t knV•$tMW￿ w¥s £789,173 {2023'. £256.431).
The trusteei conslder ind￿RIu81 h(4dings In exc￿8 01 5% of the PLviofth vabje to bo material.
t•rf•l Int•rn•ts by v*lu•:
2023
BNY MELLON GLB FDS BNY MELLON US EQ INC E GBP
OODGE & COX WORLDWIDE US STOCK GBP INC
FTF CLEARBRIDGE US EQ INC EB INC
NATiXIS INV FDS LOOMIS SAYLES US EQTY LDRS QAACC
IFSL EVENLODE INCOME D INC
11,412
8,850
7,7C
11.449
10.2S7
8,759
-28-

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
18 Flx•d •*Mt Iffti••trn•nt¥
Icontlnuodl
Inv••tm•nt rf•k•
FRS 102 requires Ihe d￿(*)￿￿￿e of informalion in r*tion to ￿rtain Investment risks. These risks are sel oul
by FRS 102 a8 fol¢yw8'.
Crndrt rf$k.' Ihls Is th• rtsk Ihat onè paty to a In$trumgnt VAI Cau￿ a fflnan¢fial for th& Qthof paty
by lailing to disch•rge •n oLli9abon.
Market rf8k.' this c¢ryrt8es currency ii8k. interest rate rt8k and other pfu ri8L
CurTency risk.. thi8 is Ihe risk that tht lair vabA or fu￿￿# ts8hfrJw8 of a finanoal a8ltl wil thduattr because ol
th• ¢h8ng•s in m8rk•t inler¢$t ral•s.
Interest fate risk.. thi8 is Ihe rlsk that th8 laSr vakn of fvtur• c•shlv4¥8 of a finar+dal asset wlll fluctuate b￿ause
of changes in mark•t intorest rntss.
The Church has exposure to these ri•ks becau￿ of the In¥￿tMentS it m&kns to IMP￿rnent ￿ Investment
Strategy. The Iruslee8 manage investrnent ri8k3. inc*Jding credrt risk and market risk. wthin agreed risk hmits
vthi¢h ore s•t ts￿n9 Into a¢¢ounl$ th• Trusf$ $trat89* inv&6tmnt obj¥¢tive$. Th$￿ In￿&1m0nt oble¢b've6
and rf$k Ilmtt$ arg Imphmèntgd through tht In￿$1M*nt mana9•r agr*8m*nt$ In pla¢4 wlth the Chur¢h'6
Investment managers and monitoret1 by the Trustees by regular reviews ofthe investment portlolos.
Curr•ncy rf•k
The Church * 8ubje¢i lo currency ri3k because 5omtr of tho Chur¢h'$ invtrstrnent8 arè helj in )￿r0e85
mork•l$ the po¢4ed In¥¥8tm•nt ￿hth$. At th• y••( •nd. t￿ Chur¢h'8 •xpo$ur• to fvnd8 Inv•$tlng In
OV•lS•88 wurn*$ wa$ £134.11912023'. £124,34n.
Int•rn•t rnt• rfBk
The charity is iubject lo inkresl rate risk through inveslments coryri$ing bonds. Al the year end th• Church's
expo8ure to fvnd8 Inve￿ing in bondj w•1 £43,54312023: £32,768).
Olh•r prte• rknk
Other pri￿ rtsk ariges prinapaly in relatKJn to equrfm hdd in poc4ed vehthB. The Church rnanoges this
e4)08ure to other Plica ri6k by conslructs'ng a d￿￿TSe wjrtfdio of investments acr066 various markets. At the
year end Ihe fvnds exp05uTe lo these fvnds was £3C(1,298 {2023.' £12.W11.
19 D•btor•
2024
2023
Amounts fallno du• wllhln on• y•ar.
Trat1e debtors
Olher deblorn
5,402
73,214
4,9
78,816
4,936

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2024
20 Creditors.. amounts falling due within one year
2024
2023
Trade creditor
Other credrtors
Accruals and delerred income
2.878
2.241
24,721
1,784
1,650
29,840
3,434
During the year, the congregation acled as a cuslodian trustee lor collecth)ns made on behalf ol third-party
charities and organisalions. These amounts a￿ not considered incorne of the congregation and are held
temporarily under'other creditors. unb'l they are passed on to Ihe inlended recipients.
A8 3131 Dtseember 2024. the lotsl 8rTh)unl held on beh811 of others w8$ £2,241 12023.. £nill, relating lo
collections lor Chnstian Aid, The Salvation Amiy, and various other charitable causes. While these funds are
held within the congregatson'$ main bank account, they ale dearty identified in the a¢¢ounting records and will
be remrtted prompty.
21 Retlrem•nl benefit Schem
2024
2023
Oellned contrfbutlon •cheme•
Charge lo profft or los$ In ￿Spect of a&fined contribution s¢h*m•s
2,560
417
The church operates a defined Contribution pension scheme for all qualifying employees. The assets ol the
scheme are hèld s8P8ral8ty from those of the ¢hur¢h in an independentty administefed fund.

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2024
22 Restricted funds
The restricted funds of the charity wrnprise the unexpended balances of donations 8nd gr8nts hekl on twsl
subject to specific ¢A)ndttions by donor5 as tr) how they may ￿ used.
At 1 Ineomlng R•soure•s
January resources expended
2024
Transf•r8 Galns and
At31
losses Deeember
2024
Audio & Muslc
Flower Fund
Fabric Fund
Havilah
Fun. Food & Friendship
Mental Health
Holiday Meals
Ministry Fund
Overse85 Mission
42.225
12621
889
42,852
179
1179
152.827
77.954
115.720)
138.0291
16001
1461
5,685
142,792
39,925
2.291
772
114
41,793
20,430
2.611
818
61.S24
20.430
120,622)
891
2,79)
356.172
175.279)
11791
7,465
290,969
Prevlou• year:
At 1 Incomlng ReJourcg¥ Trnn¥fvr4 Galnj and
A131
Januory ￿OUr¢￿ 0x￿Nd+d
los$&s Do¢•mbtr
2023
2023
Fl¢)wer Fund
Fun, Food & Friendship
Stlpènd Funa
404
5,267
12251
{6.5271
{2.292}
179
2,611
3.871
2.292
5,671
6.163
{9.044}
2,790
Mu8lc Fund." For the maintenance and upkeep of the organ in Inverkeilor Church and for the malntenance
and provision of music resources in St Vigeans Church.
Fabrfc Fund.. For the fabric. maintenance and building projects associated with the church property at St
Vigeans and at St Andrew's lJean Scolt Fund).
Havilah.. To support individuals who are vulnerable adults.
Fun. Food & Friendship= To piovide Gomrnunrty meals and a welcoming spacè.
Mental Health: To provide support for adults mental heatth issues.
Overseas Mlsslon: To support and build relationships wth overseas partners.
Hollday Meals.. Provision of meals for chIld￿n dunng school hol￿aY outreach activities.
Ministry Team Fund.. To support staffing ofthe ministry team.
The transfer of £179 Irom ￿$triCted reserves represents the ￿claSsIfica￿.0n of the Flower Fund from 8
restricted ￿Serve to a designated reserve.
31

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2024
23 Unrestricted funds
The unrestricted fijnds of the tharity comwise the unexpende(I balances of donations and grdnts which are
not subject to specific conditions by donors and 9rantots as to how they may be used. These include
designated fijnds which have been set aside out of unrestrided fijnds by the trustees for specific purposes.
At 1 January Incomlng Resources Transfers Galns and
At31
2024 resources expended
losses December
2024
Flower Fund
Youth Fund
Guild Fund
Audio & Muslc Fund
Fabric Fund
Benevolent Fund
Reserve Fund
Capital Fund
General Fund8
5.413
18,568
5.728
21,219
319.828
40,149
74,395
179
274
5,866
17,070
4.353
21,302
191.970
40,541
72,001
21,967
55,053 1.604,790
1,775
1.185
13,2731
12,5601
11401
1137,8881
11661
12,6341
17.9881
1544,9701
223
10.030
558
240
29.955
191,549 1.933,142
170,016
224,464 2.418,442
1899,8191
170,195
86,378 2.179,860
Pr¢vlou$ y*•r:
At 1 Jonuary In¢omln9 R•sourc•• Tr•n•f•rn G•ln$ and
At31
2023 r••our¢M $x￿n￿•￿
lo$$*$ Doe•mb8r
2023
Capital Fund
Guild Fund
Youth Fund
General Fund3
38,681
1.037
1,834
213.933
19,9851
12,1021
11,9461
1129.5831
1,259
29,955
1.185
1,775
191.549
2.250
1,887
100.575
6.624
255.485
104.712
1143.6161
7.883
224,464
Flowor Fund. To provide flowers for Ihe church and church communrty.
Youth Fund: To support the funding and running of children and youth activities in church, in school and the
wider communty.
Gulld Fund: To provide for Ihe activities and wnning ol the Guild.
Au(Ilo & Muslc.. For the mainlenance of and projecls associated wilh sound and music provision in worship.
Fabric Fund.. Maintenance of churth properfie5.
Benevolent.. To relieve haidship and need within the COrnTnunty.
Reserve.. To provide for unforeseen expenses of a general nature.
Capltal Fund: Fixed Assets listed in the accounts and depreuated in fine wth accounting poliaes each year.
The transfer of £179 to designated reserves represenls the reclassification of the Flower Fund from a
restricted reserve to a designated reserve.

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2024
Endovnnent funds
These are expend8ble endowrnent funds which are material to the church's actryrb'es.
At 1 Ineomlng Rèsoureès Transfèr8 Galns and
At31
January r•sourc•$ èxpendèd
losses Dèeember
2024
2024
Tom Artken 8eqtJest
st Vigeans Charitable Trust
Mary Salmond 8equest
170,016
1170,0161
789
57.434
12621
2,967
16341
3.494
56,800
170.016
58.223
12821 1170.0161
2,333
60,294
Prnvlou8 y•ar:
At 1 Ineomlng R•8oure•s Tran•f•Y8 Galns and
At31
January rnsoure•s •xp•nd•d
1088•8 December
2023
2023
Tom Aitken Bequest
164.183
12.5581
8,391
170,018
Tom Altken Boqu•8t
This legacy was received from the lale Mrs Kathleen Patullo in mernory of her lather. Tom Aitken. and was
intended to be used at the discrelion of Ihe Kirk Session ol the fomier St Margaret's Church (now part of
Arbroalh and Oi$tri¢l Chur¢h of S¢oii8ndl. The legacy had previousty been das$ifi&d as an endowment due lo
its inv6stment $t8tus". howèver. it has since bèen rèwewed and dèièminèd to be an unrestrictèd lÈ98cy. As
such, th8 fund has beèn rel6as8d to gen•ral lunds for usè in accordan￿ wrth tha original intention.
St Vlgeans Charttable Trust
To relieve hardship and need within the ￿MMUnty al the diSc￿li0n ofthe Minisiry Team.
Mary Salrnond Beqye¥t
This fund was established to support stipend costs, with incomè historicalty allocated to the Ministry Te8m
Fund. The income shown in the cuffent year does not rep￿sent new Income eamed but rather reflects the
transfer of the fund from the fomier congregation into the newty merged Arbroath and District Church of
Scotland.

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2024
Total
fund•
fund
fund•
2024
At J1 D•e•mb•r 2021:
Tory1b￿ assets
21,￿7
788,361
1.308,124
438.838
1245.246
170.220
602$¢
Curr￿1 as8•WIIAW1￿}
288.418
2.179.
60294
2W.989
2131.123
Total
fund•
furn
fund•
2023
At 31 O•e•mb•r 202>:
Tar¥lbk* a88•ts
131,098
170.018
301.114
e6.201
2.790
224.464
170.018
2.790
397270
. Th• at Grnrnp￿n Gardw
. hmithlor chu￿ Hal
Both properU•s sokl for rnnts kn •x(xss of th8lr n•t ￿Th0k vahkrys. As the￿ dIs￿$
orgxrrpd aftw the fmanual year they not been rnlle(tsJ in the financiul stslements fortlw year. The
on dli• and Mlg pvu(xedB wll be ￿ll80d In thB next a￿￿UnI￿9
Th•r• ￿1• no di8doMbl8 ￿t￿l p•ty tr￿•¢￿$ durin9 th• y￿r 12tr23. nrffj•l oul tr•ns•d•)n8 v•ilh
IN8t8eB. dlBdrAed TAilhin nots 12.
28 11)luntwrn
In oth•r of th• of So)Il•TrJ tm b￿0￿8 from th•
conlribution rTMde ty vCl￿teeTr Tfvtho gr4* Iheir time arKI talents vAlwily for the ￿efft of the ChJrE*.
The areas of congregational Ife tlthhth roty Iffl tho o)ntrknth of ¥ohJnteer5 are many and varted and muth
ofth8 ath¥lty bo unaL4•to (#)ntknu•w8rn l rntfor the c4ymmllm8ntshLTr￿.

ARBROATH AND DISTRICT CHURCH OF SCOTLAND
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2024
29 Cash generated fromllabsortjed by) operations
2024
2023
Surpluslldeficitl for the year
1,203,017
128,0691
Adjustments for..
Investment Income recognised in slalement of finanual ath"vitses
Loss on dispos81 of t8ngible fixed assets
Fair value gains and losses on investments
Depre¢i8bon 8nd impairment oftsngible ffixed assets
148,4381
115.645
176,1761
11.129
111,9721
116,2741
9,985
Movèm•nts In worklng capltal..
Ilncrea5elldecrease in debtors
Increaselldecreasel in creditors
173.6801
28.406
1.345
15,0671
Cash generated froml1ab8ort￿d by) op•ratlon8
1.157.903
150,0521
30 Analy•l• ol ehangé8 In nèt fvnds
The ¢hur¢h had no material dtsbl during the year.
31 Non4udlt 8•rvlc•• provld•d by audltor
Consistent with other entities of similar size and nature, and in accordance v￿h the PAASE proVis￿n$, the
church has engaged (he auditor to assist in the preparation of the finanrjal statements.

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