ST MARGARET'S COMMUNITY CHURCH OF SCOTLAND CONGREGATIONAL ACCOUNrs FOR THE YEAR ENDED 31 DECEMBER 2024 Congregation No: 241463 Charity No= SC007080
ST MARGARET'S coM[uNITY CHURCH OF SCOTLAND CONGREGATIONAL ACCOUNTS AS AT 31 DECEMBER 2024 Referenee and Administrative Information Charity Name: St Margarevs Con]munity Church of Scotlan& Dunferniline Charity R¢gistration Numbcr. SC007080 Congregation Referenc¢ No.. 241461 Contact Address: Trustees Honorary Elders In accordancc witb a decision of thc KiTk Session dated 2° March 2016, and in accordance with Standing order5, thc following members ofthe Kirk Session arc on thc I lonoran, F.IdeT% rolc".
ST MARGARET'S COMMUNrrY CHURCH OF SCOTLA]YD CONGRFGATKONAL ACCOUNTS AS AT 31 DECEMBER 2024 Principal oifice Bearers Minister Reader 8e%sion Clctk Assistant Session Cle Trcasurer Independent EXalTher Ilankers Bank of Scotland Botbivell Street DunfcnnlTne KYEI 3AG Bo()k-k'eeper
ST MARGARET'S COMMUNITY CIIURCH OF SCOTLAJND CONGREGATIONAL ACCOUNTS AS AT 31 DECEMBER 2024 Trustees, Annual Report Year ended 31 December 2024 Structure, Governance and Management Governing Document The Church is a registered charity. number SC007080. and is administcr¢d in accordance with the tenns of the Church of Scotland Unitary Deed of Constitution. Recruitment and Appointment of Trnstees Members of the Kirk Session are tbe cknity tnees. The Kirk Session members the Elders of the church and are chosen from those mejnbers of the church who are considered to have the appropriate gifts and skills. The Minister, who is a member of the Kirk Session is elected by the congregation and inducted by Presbytery. OrgaDisational Structure Th¢ Minist¢r is th¢ Modcrator of the Kirk Session which Tne¢ts 25 required but on a regular basis fouT limes per annum. The Kirk Session is the governing body of the church. An Executive Committee comprising the Moderator. The Session CleTL the Depute Session CleTk and the Outreach Worker along with the Conven3 of the Forutns and Con]mittecs meets as and when required. Objectives and Activities The Church of Scotland is TrinItlan in doctrine. Refornied in tradition and Pr¢sbyteriall in polity. It exists to gloTify God and to work for the advancement of Christ's Kingdom throu¢yhout the world. As a national Churcb, it acknowledges a distinctive call and duty to bring the ordinances of religioTh to the people in every parish of Scotland through a territorial ministy. It co. operates with other Churches in various ecumenical bodies in Scotland and beyon(L
ST MARGARET'S COM[uTy CHURCH OF SCOTLAND CONGREGATIONAL ACCOUNTS AS AT 31 DECEIMBER 2024 Trustees, Annual Report (cont} Year ended 31 December 2024 Achievements and Performance Following thc rcvicw of the nature of the Kirk Session in 2023. The Mission Action Plan was revised to take account of the changes in the shape of the Kirk Session and the various Committees and Fornn]s have been operating L5 envisage(L The Minister and Elders are operating a team ministry of leadership. oversight and Spiritual guidance in and out with the congregatio 2024 was a taxing year for the whole Church as it has sougbt nationally to put into effect its plan for action to address decline in both numb¢rs and Ministers of word and sacrdment. In St Margaret's we have tried to address the decline by actively supporting our community through the Touch Trnst and to a large extent this has been very successful. The Church is a busy place every single day of the week wbere we see people from the local cornrnunity coming in significant numbers to avail themselves of silFicant and life-changing services that are on offer. This. througb the Touch Tn¢ is something that needs to continue and will be supported by the Kirk Session. The Touch TTUSL with a full-ttme Icadcr and part time workets. continues with its wide range of activities including the organisation of an out of school club and ha5 been bighly commended by Presbytery's Mission Director &$ one of the outstanding outreach projects in Fife. The Kirk Session has seen a decline in numbers and decided to Seek.eW blood" and are dclightcd that five new Elders will be ordained in January and two othcr Elders, already ordained. will be welcomed by the Kirk Session. Services have been well attended throughout the year and work with young people on a Sunday Evening continues io be well and well attended through "Let's Connect" None of the good things that go on every week in the Churcb would be possible without the goodwill and conlmittnent of so many of our members. The next stage in our development is to fd funding for a "link" person belween the Trnst and all that it does and the Kirk Session and Congregation and try to begin the process of "integration" between what happens duting the week and getting pcoplc into mission and discipleship.
ST MARGARET'S COMMtrNITY CHURCH OF SCOTLAND CONGREGATIONAL ACCOUNTS AS AT 31 DECEMBER 2024 Trustees, Annual Report (cont) Year ended 31 December 2024 We have gained new friends in the forni of the"Winner"s Churclj" who meet at the same time &s ourselves for worship in tbe upstaits hall. It is go(MJ to have this cmswultural experience. Discussions with th¢ North Church and St Ninian's Church. although appaThtly positiv¢ at the outset. have not progresscd &$ hoped and no real progr b¢eT] made. Finally, the Minister has indicated his intention to retire (age 71) at the end of January 2025. It has. for him, been a long and happy association with St Margaret's and indee<l for over foty years With th¢ Church of Scotlan¢L It is time thouJo to retire aud move on and for St Margaret's to seek a new pastor- 2025 will be an interesting year. Financial Review Total income was boosted this year by two18rge grdnts received, £25.893 frorn the Church of Scotland for renovations to the mans¢ and £IO.000 from Fife Presbytery for mission work through Touch Trust. Excluding these grant monies, income decreascd 31/bo to £92,096 for the year (?023 £95,428). The main sour¢e of income continues to be the General Fund weekly offerings 2nd monthly standing orders and related Gift Aid tax. This income has fallen slightly for the ycar to £58,269 (2023 £65,138) as our Gift Aid elairns are now back on a regular basis (last yearfs figures contained a backlog). Despite the small drop in donations shown above we increased rental income from use of the church halls to £9,648 (2023 £7.256). We al bad a variety of successful fundraising events which raised £21,060 (2023 £20,175). Total expenditure incteascd to £149,546 (up 75 /0 on 2023 £85,347). The most significant increases were in our Giving to Grow contribution of £45.406 (2023 £26.326). our H¢At & Light expendittwe of £13.614 (2023 £4,892) and the Manse Fabric expenses of £30.427 (2023 £2.004). The net result is a decre in funds of £21,557 (2023 incre&s¢ £10,081) over the year to £10,858. Note 8 shows the movement for each fund An detail.
ST MARGARET'S commu]Ty CHURCH OF SCOTL.4ND CONGREGATIONAL ACCOUNTS AS AT 31 D£CEMBLR 2024 Trustees, Annual Report (cont) Year ended 31 December 2024 Reserves Policy The "fnLrtee's policy is to ini'est, a5 far as possiblc. funds in the Church of Scodand Deposit and Incomc Invcstment funds. As at 3 1st December. inNestents held IMVC a tnarket Viilue ot £54,725 (2023 £54,2JO). These investm¢nts arc designatcd bctH'e¢n the Kirk Sesgion Leg¥¢Ly Fun the Fabric Fund and the Mission Fund as showu in notc 8 to the accollnt%. The Trnstee5 revi¢w thc financial SitIon rcgularly and are satisficd that the fund5 hcl¢ togcther with the investments nolcd aVe. are suffici¢nt to mcct any Unfoeen financial requirements over a six month period. Al the end the Church held unr¢stridcd cash tijnds of £6,648. The funds held represent the various flmds as shown in note 8 to the accounts. The Trustees have asscssed the major risks to ivhich the Church is cxposed and are 8ati%fied that tht syslerns in place are adequate to ftnttigate against exposure to auy n]ajor risks and that thc ongoiIig sustainability of the CTrurch is assured. Statement of Trustees, Responsibilities The Jncmbcts of thc Kirk Session must prcpurc financial statcmcnts which givc sutTicient detail to cnable all appreciation of the tsatjsactions ofthe Church during the finall¢ial ycar. The members of the Kirk sl0n are responsil)Ic for keeping proper acGounting TecoTds which, on request, must refiect the fllwicial position of the Churcb ar that time. This M$t bc donc to ellSe that tbe financia] statements comply with the Charities and Trustee Investment (Scoiland) Act 2005, the Charities AccounL% (Scotland) ReLnllation$ 2(M)6 and the Regulatinns Anent Congregational Finance approed by the Gener AsSeblY of the Church of Scotland in 2007. Th¥y atc also re5wnsible for safeguarding the assets of the Church and must take reasonable stcps for the prcv¢ntion an(Vvr dLl¢ction orrraud and other irregularities. The TnL8tees' Rewrt was approvcd by the Trust$ and signcd on their behalt,
ST MARCARETIS COMNIUNITY CHURCII OF SCOTLAND coriGREGATIONAL ACCOUNTS -4S AT 31 DECEMBER 2024 Independent Exanjiner's Report to the Trustees of St Margaret's Community Church of Scotland I rcFKJrt on the accounts of the ¢barily for the year ended 31 December 2024 ivhich are set out on pages 9tol6. Respective responsibilities of trnstees and examiner The charity's trustees are reswn.sible for the PTeparation of th¢ accounts in a(Lordancc with the ternis of the Charitics and Trustee Investment (Scotland) Act 2005 and the Lharities Accounts (Scotland) Rcgldations 2006 (as amended). The chatity trustees consider that the audit requircment of Regulation 10{1) (d) of the Accounts Regulations does not apply. It is my rcsponsibiltty to examine the accounts as rquwed under sectiol) 44{1) (c) of the Act and to slate whether particular matteTS have come 10 my attcntion. B2515 of independent examiner'5 statement My exatnination LS &imcd out accoTddnce with Regulation I l of the Charities Acc(Amts (Scotland) Regulalions 2006 (as amended). An cxattkinatioll includ¢s a reliew of the accounting records kept by the charity and a comparison of the accounls pIesenled with Ihose reLor(Ls'. Ii also includes considcration of at]y UnSual itctlls or disclosuT&5 in the accounts. and seeks explanations froD] the trustccs conccming any such mattcrs. Thc pr(KcdurLs undertak¢J) du nut PTOI'idc all thc cvidcnc¢ thal would b¢ r¢quir¢d in an audit. and consequently I do not express an audil opinion on thc vicw givcn by thc accounts. Independent eJaminer's statewent In the course of my examination, no tnaiter has come io my attentio which gives me reasonablc cause to bclieve tbat An any nmterial respect the requirem¢nts.' lo keep accounting records. in acLx)rdance with Section 44 (Ixa) of th¢ 2005 Act and Regulation 4 of the 2006 AcLounts Rcgulations, and to prepare accounts which accord w'ith the accounting records and comply with Rcgulation 9 of the 2006 Accounts Regulalions have not been meL or io whiLb, in my opinion. attention should be dralvn in order lo ¢nablc a piopcr UndetandIng of th¢ a¢¢ounts to be rtrached. Name: Address:
ST MARGARET'S COMMUNtTY CHURCH OF SCOTLAND CONGREGATIONAL ACCOUNTS AS AT 31 DECEMBER 2024 Reeei ts and Pa ments Account Year ended 31 December 2024 Unrestrfcted Restrieled Funds Funds 2024 2024 Total 2024 Total 2023 Recei Donations & Ltgacies Grants Receipts from Fundraising Activities Life & Work collections Intcrest & Investment income Rental of piSeS Note 56,(X)9 2,260 35.893 58.269 35.893 21.060 126 2,993 9,648 65,138 21,060 126 2,993 9,648 20,175 368 2.491 7.256 Total Recei ts 89.836 127.9119 ments Expenses for Fundraising Activities Payments relating directly to charitable activities Donations Governance costs: Independ¢nt Examination Preparation of annual accounts 3,599 3.599 2,435 99241 5,000 30,916 10.000 130.157 15,000 71,987 10,000 250 540 250 540 385 540 Total Pa ents 108,630 40,916 149,546 85.347 Excess of Re¢eipts over (Payments) lor the year before transfers {18.794) (2,763) {21:557} 10,081 Transfers Excess of Receipts over Payments for the year 2.763
ST MARGARETIS COMMUNITY CItURCH OF SCOTLLND CONGREGATIONAL ACCOUNTS AS AT 31 DECEMBER 2024 Statement of Balances At 31 December 2024 Unrestricted Restricted Funds Fund$ 2024 2024 Total 2024 Total 2023 Nole Bank & De osit Balanees Bank & dcpo.sit balanc brouJt forward 25,442 6,973 32,415 22.334 Movement in year". Excess of Receipts over PallentS for the vear {18,794) (2,763} (21.557) 10,081 Bank & deposit balances carried forward 4.210 Investrnents at market value (cost £57.168) io 54,725 54.230 Gift Aid Receivable Rents outstanding OtheT 2,157 2,157 1,400 J,000 1,400 17U 2.570 3,557 Llabilities Expenses (2,911) (2,911) (5,730) The accounts w¢r¢ approv¢d by thc Kirk Scssion on For and i)n bLhalf ()f ihL Kirk. %L%%I() Treasurer io
ST MARGARET'S COMMUNITY CHURCH OF SCOTLAND CONGREGATIOINAL ACCOUNTS AS AT 31 DECEMBER 2024 Notes to the Accounts Unrestrlcted Restricted Funds Funds 2024 2024 Total 2024 Total 2023 l Donations & Legacies Free Will Offering Envelopes Regular Dollations Legacies Tax Rccovered on Gift Aid Donations Ordinary Offerings (Open Plate} Weddings and Funerals (donations) Other Offerings, Donations etc 4,927 29.544 4,000 9.214 3,714 371 4239 56,009 4,927 29,544 4,000 9,214 3.714 371 6,499 4,619 34.081 19.065 3,667 155 3,551 2260 2,260 Unrestricted Restricted Funds Funds 2024 2024 Total 2024 Total 2023 2 Grants Church of Scotland - Manse renovation Pr¢sbytery of Fife- Mission Fund 25.893 10.000 35.893 25.893 i O,(K)O Unrestricted Restricted Funds Funds 2024 2024 Total 2024 Total 2023 3 Reeeipts from fundraising aetivities Cafc income Other fimdraising 11.031 10.029 21.060 11,031 10.029 21,060 7,569 12,606 20,175
ST MARGARET'S COMMUNITY CHURCH OF SCOTLAI¥D CONGREGATIONAL ACCOUNrs AS AT 31 DECEMBER 2024 Notes to the Accounts cont. UnrestrReted Restricted Funds Funds 2024 2024 Totsl 2024 Total 2023 4 Expenses for fundralsing activities Cafu expenses Offering envelop¢s Other 2,395 63 1.141 3,599 2,395 63 ,141 3.599 2,360 75 2,435 Unrestrieted Restricted Funds Funds 2024 2024 Total 2024 Total 2023 5 Charitable activities Ministries & Mission allocation Presbytery dues Minister's expenses Pulpit supply Other staffing costs Book-keeping costs Fabric repairs & maintcnance Fabric maintenance manse Manse Council Tax Heat and light Insurance and water Printing, slationery and office expenses Life & Work payments Cleaning Other expenses 45,406 1212 4.379 409 6.446 1.415 7.512 1.925 3.033 13.614 2.592 934 630 4.518 5.216 99,241 45,406 1,212 4,379 409 6.446 1.415 7.578 30.427 3,033 13.614 2,592 934 630 4.518 7,564 130 157 26,326 1.002 1.519 4.647 1,310 13,192 2.004 2.962 4,892 3.361 586 486 3,771 5,929 71,987 28,502 2,348 Unrestricted Restricted Funds Funds 2024 2024 Total 2024 Total 2023 6 Donations Touch Trust 10,000 10,000 15,000 15,000 i 0,000 10.000 5.000 12
ST IIIARGARET'S COMIMLNITY CHURCH OF SCOTLAND CONGREG.4TIONAL ACCOLIYTS AS AT 31 DECETrIBER 2024 Iyotes to the Accounts cont. 7 Trustee Remuneratlon and Related Party Transactions During the }'ear the Minister ieceived Teitnbursement of expenses totalling £4,379 (2023 - £1 <1 0) Ina Ci!iJfLiiI Tax for the Manse was paid of £3.03) (2023 - £2,962). li elder of the ¢hurclL rccciN'ed £1,365 (2023 £1,365) for services Ll an eldcr of thc cburcb. rcccivcd £930 (2023 - £973) for services provtded as Icer. He also received £200 for othcr s¢rri¢c5 providcd. urc The fi)IlawinE trnqteeq are also trustees of The Touch Trust {Dunferndine) SC048217: 1.,08,'24) I"hL .1 OULh l TUbL pruvided ¢]ning and caretakcr scrvicc5 throughout ihe year and the church paid £4,828 for thcsc scrvices. li also paid for new church chairs and upgtades to the securitv systems. The churcb paid £5:)56 foi its sharc. Otber than as noted alK)ve, no lntee. or person related to a tntee. had any PCTsonal interest in any contract or ts2Dsaction eniered into by (be Lharity dIllg the year an<L other tlwi the Minister, no other trustee received reitnbursem¢nt ofexpenses. 13
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ST MARGARET'S COMMUII'ITY CHURCH OF SCOTLAND CONGREGATIONAL AccouNrs AS AT 31 DECEMBER 2024 L Otes to tILe Accounts cont. loVeents iD Funds (conL) oses of Desi led Furtds Kirk Session Lega¢y Fund: The Tnee$ have set aside the i¥pits] from the R Ke L£ga¢y as tontingtncy reserve for any major work.. Drop In Cafe lund.. lll¢ome and expenditure of the wttkly Drop kn Cafe. Parish Fw)d.. Historic fid io help the needy in the Parish. Fabric Fund: fithd for the upkeep of the ¢buh and its buildillgs Mission Fultd: flld to ryand the l10al outreath of the church oscs of Rcstricted Funds Flow¢r Fund: ThÈs is a fid w provi(k l]ow¢rs for display during seTViC¢S of wors]]xp. Boiler Fulld Fund.. This provide5 for nujor r¢pairs otl the boil¢r and control teLS. New Roof Fund.. This is a to a&sist with the cost olthe upkeep & re-roofing of the Church. Encrgy Sllrvey Fund.. Thi8 is the grant nKTrney received from thc Church of Scotlat]d for an energy survey. Spiritual Deve1po¢llt Fund: This fi]lld TS used to provide people Thith the chance to study and extend their knowlcdge aDd ullderstalIllg of spiritual tnatters within the Cburch of ScotlaD¢L Church Chairs Fund.. This 15 a to replace clLurclL chairs as required Mission Fund." Th%s is a fid from Fife Pre5bcry for mission ViOTk Manse Renovation Fund: This is a fimd from Church of Scotland to QTry Out renovation WOt on the man Other Restricted Fwids: Thi5 iticludcs the balances for Ixvs Connect FuDds and Singing in Harmony Fund. Kirk Session i Fuod 'orkin Balance Held as tash at bank Held in i)]vestments Totsl Opening Balance at l January 2024 Movement in the yvdr Closing Bala[e at 31 D¢¢¢nkn2024 Gain on investment at year end Actual Fund at 31 De£cmber 2024 (1.438) 35.128 33,690 (1,4)8) i5.128 321 35,449 33.690 321 34.011 (1,43¥1 Minister's Stipend All Church of S¢otlaDd congregations contribu to the National Stipcné Fund wtiich bears the costs of all ]ni$lerS, stipends. alld cmployers ¢Olltr[b10n for uational it)surance. pell5ioD and hoTLsing a[ loan fi]nd. Ministers, stipends are paid in ac¢oTdallce with the national stipend scale, which is related to yvars of service. For the vear under retiew the rninimllm stipend vrds £3 1,642 znd th¢ T[1u stipeNI (in the fifth and subsequent years ) was £38.884. 15
ST MARCARET'S COMTrtUNITY CHURCH OF SCOTLAND CONGREGATIONAL ACCOUNTS AS AT 31 DECEMBER 2024 Notes to the Aceounts conL 2024 2023 10 Investments Market vaLue at l January GaiThl{tA)ss) on revaluation Market value 31 December 54230 495 54,725 52,251 1,979 54.230 Investmcnts at cost 57.168 57,168 2024 2023 11 Collections for Tbird Parties Touch Trust 6,115 6.115 1,976 1,976 12 Volunteer5 In common with all ¢ongre¥dtions of the Church of knilan¢ the cOngatiOn benefirs from the Contribution made by voluntrers who give theirtime and tai¢nts wllillgly for the benefit of the Church. The areas of CODgregational jift which rdy on the contributions of volullteers are rnY al varÈed al much of tbe activity would be unable io continue were it not forthe conm11thttt showi. 16