Church of Scotland Whiteadder Parish Church Annual Report and Financial Statements For the year ended 31 December 2024 Congregation Number: 030265 Scottish Charity Number: SC006722
Whiteadder Parish Church ofscotland REFERENCE AND ADMINISTRATIVE INFORMATION Charity Name: Whiteadder Parish Church of Scotland Charlty R8gistration Number: SC006722 Congregation Reference Number: 030265 Contact Addre55: The New Manse, The Glebe, Chirnside. Berwickshire, TD113XE Trusiees: Session Clerk: Church Treasurer: Independent Examlner: Banker3: The Royal Bank of Scotland 6The Square Kelso TD5 7HG
Whiteadder Parish Church of Scotland TRUSTEES'ANNUAL REPORT YEAR ENDED 31 DECEMBER2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Document On the 1 of J8nuary 2024, Whiteadder Parish Church of Scotland was established through the union of Chirnside Parish Church wilh Hutton, Fishwick and Paxton Parish Church. Whiteaclder Parish Church is administered in accordance with the terms of the Unitary Constitution. Recrultment and Appolniment of Trustees There have been no new Trustees added in 2024. Organisationalstructure In accordance with the Unitary Deed of Constitution, all aff airs of Whiteadder Parish Church are administered by the Kirk Session, with assistance from people associated with the Kirk Session. The Kirk Session comprise8 all ruling elders of Chirnside Parish Church and Hution. Fishwickand Paxton Parish Church atthetime of Union. The Ninister is very grateful for the wisdom, dedication and integrity of the leadership team of Whiteadder Parish Church. Stewardshlp: 2024 In review With the conclusion of the union and disposal of the Hutton and Paxton buildings, Whiteadder Parish Church is now structured as agreed in the Lothian and Borders Presbytery Plan. Whiteadder retains the Chirnside buildingand manse. Whiteadder Parish ChuTch has the combined Investment held by the General Trustees which is restricted to 18bric expenditure. The interest and dividends of these investments is placed in a revenue 8ccount and accessible for fabric or missional purposes. This interest will cover annual building insurance and heating costs, drastically improving the financial position ofthe church. Twojumble sales peryear have also assisted Whiteadder Parish Church to operate with a surplus of income. The 2024 annual gift day usually held in Novemberwas deferred to February 2025. During 2024, the main service for the parlsh was held al Ihe Chirnside church. A weekly service is held at the Paxton church and Whiteadder contributes monlhly to offset the electricity and cleaning costs. Attendance at Whiteadder is stable at around 20 people attending per week. The reLationshipwith Chirnside Primaryschool results in numerous school assemblies being held in the church, and the minister being involved in the school. A Knit and Natter group use the building on Tue8day evenlngs for a donation. The minister is thankful for the wlsdom an(i enthvslasm of the Kirk Session and other leaders, especially through this time of change. Slncerely
Whiiead(ier Parish Church of Scotland Flnanclal Revlew The principal SOUTces of income are Open Plate, Free Will Offering Envelopes and Bankers Order. Ad hoc fund raising 18 done through jumble 88le9 and an annual gift day. As 2024 is the first year of the now unlted Whiteadder parlsh Church of Scotland, there are no year-on-yesr comparative figures. Claiming of Gift Aid rebates are ongoing, both thrDugh registered donors and the Gift Aid Small Claims Scheme. Rebates on building insurance have been received into the Whiteadder bank account. Intereston investments held centrally by the Church of Scotland have been drawn down in accordance with investment rules. An amount of £8,400 w88 drawn down from investments for the replacement of a portion of roofon tha m8n8e. There were 21 participants in the Freewill Offering Scheme, len people vvho donate by banker's order, 38 people registered for Gift Aid. and 121 members. Reserves Policy It is Ihe TrusEees pollcy to hold reserves of approximately three month's expenditure includingdesignated funds. At theyearend, Whiteadder PC held unrestricted cash funds of £9,676.12. With monthly expenditure averaging £2.500 per month. this balance represents almostfour month's expenditure. Statement of Trustees, Responsibilities rhe members ofthe Kirksession must prepare financial statements which give sufficient detail to enable an appreciation of the transactions of the church during the financial year. The members of the KITk Session are responsible for keeping proper accounting records which. on request, must reflect the f inancial position of the church at that time. This must be done to ensure that the financial statements comply with the Charities Accounts {Scotland} Regulations 2006 88 amended bythe Charities Accounts (Scotlandl Amendment Regu18tions 201 O. and the Regulations Anent Congregational Financ9 approved by the General Assembly of the Church of Scolland in 2016. They are also responsible for safeguarding the assets of the church and take reasonable steps for the prevention andlor detection of fraud and other irregularities. Approved bythe Trustees and signed on thelr behalf,
Pago 14 Whiteadder Parish Church of Scotlan INDEPENDENT EXAMINER'S REPORT to the TRUSTEES OF WHITEADDER PARISH CHURCH I report on the Accounts of Ihe Charity for the year endod 31 December 2024 which are Set out on pages S to 9 Respective responsibilities of Trustees and Exarnlner The Charity's Trustees are responsible forthe preparation ofthe Accounts in accordance with the terms olthe CharitiesAccounts {Scotiandl Regulations 2006 as amended by the Charities Accounts IScotland}Amendment Regulations 2010. and the Regulations Anent Congregational Finance approved bythe GeneralAssembly of the Church of Scotland in 2016. The Charity Trustees consider that the audit iequirement of Regulation 101111(Jl of the Accounts Regulations does not apply. It is my responsibilityto examine the Accounts as required under Section 4411)(cl of the Act and to stale whether particular matters have come to attention. Basis of Independent Examiner's Statemenl Myexamination is carried out in accordancewith Regulation 11 ofthe Char1tiesAccounts (Scotlandl Regulations 2006 as amended by the Charities Accourrts (Scotlandl Amendrnent Regulaiions 2010. An examination includes a review of the accounting records kept by the Cherity and a Compatison of the Accounts presented with those records. It also includes consider8tion of any unusual items or disclosures in the Accounts, and seeks explanations from the Trustees concerning any such matters. The procedures undertaken do not provide allthe evidencethatwould be required in an eudit, and consequently I do not express an audit opinion on the view given bythe AcGounts. Independeni Examiner's Statement In the course of my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in eccordence with Section44(1)(a) of the 2005 Act and Regulation 4 ot the 2006 Accounts Regulations, an to prepare Accounts which 8ccord with the accounting records and oomply with Regulstion 9 of the 2006 Accounts Regulations have not been met. or to whlch, In my opinlon, attention shovld be drawn in order to enable a proper undBrst8ndin of the Accounts to be reached.
Page 15 Whiteadder Parish Church of Scotland WHITEADDER PARISH CHURCH RECEIPTS AND PAYMENTS ACCOUNT YEAR ENDED 31 DECEMBER 2024 Funds Unrestricted Unrestricted Endowment Total 2024 Fabric 2024 2024 2024 RECEIPTS Free Will Offering Scheme Open Plate Offerings Bank Direct Debits Donations Fund Raising Events Income from Investments GeneFalTrustees Fabric Fund Gift Aid Claim Miscellaneous TOTAL RECEIPTS 4.594 6.054 3.192 1.645 1,516 3,002 8.400 2,761 5.657 36.821 4,594 5,944 3.192 1.645 1,516 3.406 8,400 2.761 5.657 37.225 403 403 PAYMENTS Givingto Grow Presbytery Dues Minister's Travel Council Tax Heating & Lighting Insurance Stationery Miscellaneous TOTAL PAYMENTS 12.488 516 720 2,141 3.490 3,465 192 9.388 32.400 12,488 516 720 2.141 3.490 3,465 192 9,388 32.400 Excess of Receipts over Payments 4.421 403 4.825
Page 16 Whiteadder Parish Church ofScotLand Funds Unrestrlcted Uniestricted Endowment Toial 2024 Fabrlc 2024 2024 2024 STATEMENT OF BALANCES AT 31 DECEMBER 2024 Opening Bank Balances 5.294 35 30,559 35,888 Movement Inyear: Exce55 of payments over receipts Exces5 of receipls ovef payments Bank Balances Carried Forward 4,382 9.676 4.826 40,714 36 31.002
Page 17 Whiteadder Parish Church of Scotland Whiteadder Parish Church NOTES TO THE ACCOUNTS Trustee remuneration and Related PartyTransactions During the year. no expenses or Temuneration were paid to any Trustee or connected person. Movement in Funds At 111124 Recelpts Payments Transfers At 31112124 Unrestricted General Fabric 5,294 35 36.780 32,398 9.676 36 Endowments Forsyth Richardson 20,373 10.186 295 148 20.668 10,334 Total Funds 35,888 37.224 32,398 40.714 Purpose of Designated Funds Fabric Fund The Trustees have set aside fundsfor the maintenance ofthe church property. Endowment Funds Income from The Forsyth Legacy is to be used for general purposes. Income from The Richardson Legacy is to be "tor the benefit of the church junior members". Analysls of Donations Unrestrlcled Unrestrlcted Endowment 2024 Fabrlc 2024 2024 Total 2024 FWO Inon.GiftAidl Gift Aid Donations Tax Recovered on Gift Aid Donations Ordinary Offerings (Open Ptatel Fundraising Other Offerings (Donations) Total 2,479 4.415 2.761 5.891 1.516 2,479 4.415 2,761 5.891 1,516 1.645 18,707 18,707
Page 18 Whiteadder Parish Church ofscotland Analysls of Payments Unreslrlcled Unrestrlcted Endowment Total 2024 Fabrlc 2024 2024 2024 Cost of Generatlng Funds Free Will OffeTlng Envelopes Charltable Aclivltles Giving to Grow Presbytery Dues Minister's TTavel Organist Fabric Repaifs, Maintenance and Renewats Heating and Lighting InsuTance Council Tax Organ Maintenance and Music Printing and Stationery Other Expenses Total 12,488 516 720 12,488 516 720 7,528 7,528 3,490 3,465 2.141 33 192 3,490 3.465 2,141 33 192 30,573 30,573 Minister's Stipend All Church of Scotland congregations contribute to the National Stipend Fund which bears the costs of all Ministers, stipends and employers contributions for National Insurance. pension and Housing and Loan Fund. Minister's stipends are paid in accordance with the national stipend scale. which is related to years of service. For the year under review. the stipend scale was asfollows: Point 1 £31,642 Point 2 £33.711 Point3 £35,780 Point4 £37.850 Point5 £38.884 Collection5 forThird Partles Christian Aid £247
Page 19 Whiteadder Parish Church of Scotland APPENDIX FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES Fund 56 Consolidated Fabric Fund (Capital- Growth Fund, Income Fund and Deposit Fund) Credit balances held at 31 December2024 at cost Marketvalue of balances at 31 December 2024 Fund 50 Consolidated Fabrlc Fund (Revenue) Credit balance at 31 December 2024 Fund 85 Temporary Fund Credit balance at 31 December 2024 Individual Fund Purpose: EXPENDABLE Credit balance held at 31 December2024 at Cost Marketvalue of balances at 31 December 2024 PERMANENT ENDOWMENT Credit balance held 8t 31 December2024 at cost Marketvalue of balances at 31 December 2024