The Church of Scotland Mormond West Parish Church RECEIPTS AND PAYMENTS ACCOUNT 2024 Con8regatlon No: 311917 Charfty No: SCCI)7273 31st January 2025
Trustees, Annu•l Reptyt Year endlng 31st December 2024 (cont) Reference and Admlnlstratlve InfnatI Charlty Name.. Mofmond West Parlsh Church Charity Registration Number.. Congregation Reference Number-. SClJ)7273 311917 Bankers Virgin Monev 43 Broad Street Peterhead AB42 IJB Page I
Trustees, Annual Report Year endlng 31st December 2024 (cont) Strurture, Governance and Management Governln8 Document The Church is administered in accordan¢e wrth the terms of the Deed of Constitution Iunttary Forml. Recrultment and Appolntment olTrustees Members of the Kirk Session are the charity trustees. The Kirk Session members are the Elders of the church and are chosen from those members of the Church who are considered to have the appropriate gifts and skills. The rninister, who is a member of the Kirk Session. is elerted by the congregation and inducted by Presbytery. Or8anlsatlonal Structure On 1st January 2024, Strichen & Tyrie united with the linked charge of New Pitsligo to became the charge and congregation of Mormond West Parlsh Church of Scotland. having united with our linked charge of New Pitsligo Parish Church. Eventually, it is proposed that Mormond West Parish Church will come together with New Aberdour. Crimond and Lonmay, to form one wider Church across our corner of Northeast Buchan, with 1.5 FTE Ministerial provision. The Kirk Session, whieh meets at regular intervals durln8 the year. as and when necessary, is responsible for spiritual affairs within the church. The Kirk Session tonstitutes Committee5 and specifies their remit and dutie5 and may specify any restrl¢tion or ¢ondition on the Committee which it considers appropriate. Committees meet as and when necessary, throughout the year. and submlt Reports of these meetinqs to the Kirk Sesslon. We have 10 constituted Committees (see previous pagel. Objectlv The Church of Scotland is Trinitarian In doctrine, Reformed by tradition and Presbyterian in polity. It exlsts to glorify God and to work for the advancement of Chrisfs Kingdom throughout the world. As a national Church, it acknowledges a distinctive call and duty to bring the ordinance5 of religion to the people of every parish of Scotland through a territorial ministry. tt Coperate5 with other Chufches in variou5 ecumenical bodies in Scotland and beyond. The General Assembly of October 2020 endorsed the Hve Marks of MlssloTr, a8reein8 that for the Church to be fit for purpose in the 21st Century, these five marks must be evidenced at local, regional and national levels. They are: TELL- to proclaim the Good New5 ofthe Kingdom TEACH - to teach, baptise and nurture new believers TEND- to respond to human need by loving service TRANSFORM - to seek to transforrn unjust structures of society, to challenge violence of every kind and pursue peace and reconciliation TREASURE - to strive to safeguard the integrity of creation and sustain and renew the life of the earth Actlvltles and Performance The membership roll of Mormond West Parish Churth is currently474 Communicant members. We have 5 adherents and a further 149 members on the Supplementary Roll. We have an average of 48 persons attending each Sunday. in Strichen. Page 2
Trustees, Annual Repiyt Year endln8 31st December 2024 Icont) TELL Weekly Sunday morning worship is held at 10.IJ)am in Strithen. Additional monthly services of worship tske place in New Pitsligo and Tyrie {while we retsin responsibility for these church buildings). 3.(K)pm or 6.(K)pm on the 1st Sunday of the month (Tyriel and 2.00pm on the second Wednesday of the month (New Pitsligo). We deliver a variety of styles of worship accompanied by rnodern praise aUdivisa15, live musicians or the church organ. Our weekly Worship Service. in Strichen. is recorded and shared via social media (Facebook) and our Church website. We also vlorship and create a presence outside of our buildings. beyond Sundays: our Minister is involved in School Assemblies at all 3 of our Parish Primary Schools, we hold Easter Morning worship at Strichen Lake Iwhich is open to alll and treate displays out front, in public view eg. the Illuminated cross on our Church building and the Holy Week crucifix and tomb. TELL TEACH We have established Bo$ Brigade Companies in both Strichen and New Pitsligo. The oblett of the companies is.. The advancement of Chrisys Kingdom among boys and the promotion of Obedience, Diselpllne, Self-Respect and all that tends towards è true Christian manliness,. Both companies are involved in a wide variety of activities to suit the age and stage of the boys acros$ 6 key areas.. get active- get adventurou5: get creative: get into the bible- get involved,. and get learning. 1st Strlchen Boys Brl8ade Company has been active in Strichen since 1977, operating 3 sections with 32 boys and 7 registered leaders. Meeting in the Ritchie Hall on Friday evenings, belMeen October and March. 1st New Pltsll80 Boys Brlgade Company has been artive in New Pitsligo since 1973, operating 3 sections with 40 boys, 5 registered leaders and 2 registered helpers. Meeting in the Village Hall on Thursday evenings, between September and June, utili$in8 the programme supplied by the Boys Brigade. We started MW Youth Challenge, this yeaT, running activities over 3 evenings in the October school break. The Youth were also involved in this yearfs filmed 'Nativity- We ran a successful ALPHA course, open to and attended by people from our extended Parish Grouping (which included some non<hurch participants). We were host to a 'Dreams & Visions. course- delivered by external providers and open to participants beyond our own Con8re8ation. We continue to promote and encoura8e attendance at events such as The Filling Station Buchan and Refuel. TEND The Sharing Larder contlnue5 to operate- 3 days a week. Open for I hour, manned by our volunteers and open to all. The Sharing Larder also provides supplies to our Strichen Primary School's Breakfast Club which supports a number of children two days per week. We continue to support some local families With fortnightty food + household parcels and in partnership with the New Pitsligo Sharing Larder and Maud Community Trust, we were able to contribute to the provision of Christmas Hampers, to those in need in our communities. Page 3
Trustees, Annual Report Year endln8 31st December 2024 (cont) We are registered as an official Warm space promoting out outreach seniices as below: Our Café Retreat lin the Church Hall, Strichenl is well attended. with numbers steadily increasing. Thi5 operates on thethird Thursday of the month. from 2pm to 4pm. We are in our second winter of providing twice monthly'soups On, lunches- open to all providing homemade, nutritious lunch in a friendly and welcoming atmosphere. Those attendin8 are mostly from Strichen with a couple of people who travel from New Pitsligo. Numbers are fairly low and we continue to consider how to encourage greater attendance. Connections are being strengthened with the Co-op and NHS Grampian bringing health and wellbeing information to share. promote and si8npost people to additional sources of support Our Green Room - formerly our creche which wa5 no longer in use, was refijrbished and repurposed creating a 'Warm Space, with digital technology in place and we provide support for anyone requirin8 asslstance to access online resources etc. Initial openings were poorly attended. The Space is available during any of our opening times, it was used by parents during our Sumrner Breakfast Club and we're continuing to explore how to encourage rnore use. The space does provide a comfortable place for prayer groups, church meetings, and when the Minister is meeting bereaved familie5. Breakfast Club - Over summer 2024 we provided a Breakfast Club for primary aged children to ensure provision continued when schools were closed during the holidays. Breakfasts were available twice a week for the holiday duration. Parents welcomed a quiet moment in our Green Room whilst their children had breakfast. On average 6 children attended fvlice weeklv. TEND TRAN RM Mormond West Parish Church Afternoon Guild has a membershlp of 21 and meets in Strichen Church Hall on the last Friday of September to April inclusive, at 2.CKJpm Speakers are invited to present their interpretations of the Guild theme and topic. Members are encouraged to support Aberdeenshire North Guilds Together meetings and attivitie5. Monies from fund raising events are given to the Church General Fund and Guild Projects. The Guild is an integral part of the Christs'an commitment and overnll life of Mormond West Parish Church. We participate in Christian Aid Week and the Blythswood Shoebox Appeal, annually. This year we have 0150 raised awareness of and supported the work of Marfs Meals and Aberdeen Cyrenians. EASURE Part of the work of The Sharing Larder 15 to reduce waste and encourage user5 to make better environmental choices. It provides a means for the community to share excess produce grown and use up produce whith would otherwise be thrown away. Produce Comes to us frorn our local Ctrop and Morrisons stores. It a150 benefits from donations of iterns from church members, communty groups lin both Strichen and Tyriel, our neighbouring Episcopal Church and members of the public. The Sharing Larder Team in Strichen have begun to work more closely with The Sharing Larder in New Pitsligo this year. (This operates wrthin the Primary school and is not run by the churchl- We currently recycle and compost around all our church buildings. We are in the pr¢xess of improving our energy efficiency-we have made some improvements toour heating system and are working towards improving the insulation in the Hall. Page 4
Trustee5' Annual Report Year endln8 3tst Oecember 2024 (cont) Rnandal Revlew The principle source of income for Mormond West Church is the regular offerings of its members. The 2024 offerings were up on those of 2023 by £14051. Freewill offerings Inon-Gift Aid) were up from the 2023 figure by £2970 to £83221£53521. Gift Aid donations were up on the 2023 figure by £10125 to £419541£318291. Ordinary offerings (Open Platel were up on the 2023 figure by £957 to £31331£21761. Total Gift Aid claimed was up on the 2023 figure by £2627 to £112471£86201. Totsl donation5 in 2024 amounted to £240 general donations and £200 from Strichen School. In addition, 3rd party collections amounted to £17631£2141 in 20231. Reserve5 Pollcy It is the Trustees, policy to hold approximately 4 months worth of expenditure in the General Fund, Includlng the designated fund shown in Receipts and Payments Account Note 2. At the year endin8 31st December 2024 Mormond West Parish Church held unrestricted cash funds of £34001 of which £34001 will be used as working capital to meet any immediate financial outlays likely to arise, e.g., building maintenance costs. Regular monetary commitrnents Such as Buildings and Public Liability insurance costs, heating and lighting, Ministerf5 stipend monthly payments to the General Trustees in Edinburgh ènd manse direct debit Council Tax bills also have to be paid, as well as office administrative costs. plus salaries to the organist. Secretary and cleaner. The Designated Fabric Fund of £2615 held in deposit with the General Trustees in Edinburgh, can be accessed if need be. This fund however, is left to generate a small amount of interest which is used to meet ongoing expenditure. The Bruce Bequest Fund which at 31st December 2024 stood at £4778 15 administered by the Kirk Session and Is solely used to fund initiatives for the wellbein8 of those who used to be known as 'the poor of the parish,. The George Phillips Bequest Fund which vms used to benefit those in need in the area of the former parish of Tyrie, YA5 closed due to the small balance in the account and there having been no beneficiarles In recent years. Herftable Propertv The Trustees hold title to the following propertles Tyrie Church Hall 11.25ha offarmland or thereby known as Manse Farm Statement of Trustees, Responslbllltles The member5 of the Kirk Session must prepare financial statements which give sufficient detsils to enable an appreciation of the transactions of the Church during the financial year. The member5 of the Kirk Session are responsible for keeping proper accounting records which, on request. must refiect the financial position of the Church at that time. This must be done to ensure that the financial statements comply with the Charities and Trustee Investment (Scotlandl Act 21x15, the Charities Accounts (Scotlandl Regulations 2006 and Regulations Anent Congregational Finance approved by the Generol Assembly of the Church of S¢otland in 2007. They are also responsible for safeguarding the assets of the Church and must take reasonable steps for the prevention andlor detection of fraud and other irregularities. Approved by the Trustees and signed on their behalf 26/oi/zozf Mlnlsier Page S
Mormond we Parlsh Chufth SCIM)7273 Independent ExamlTrerfs Rewt to the Trustees of Morniond Wett Parlsh Parlsh ChuTth I report on the accounts of the ¢h4rity for the year ended 315t Decernber 2025, which are set out on pa8es 7 to 15. Respecuve rewnslbllliles of Trustees and Examlner The charity trustees consider that an independent examination is needed under Section 44llllcl of the Charities and Trustees Investment Iscotlandl Act 25. It is my responsibility to examined the accounts under section 44llllcl of the Act and to stste whether particular matters have come to my attention. Basls of Independent Ex•mlnees Statement My examination is carried out in accordance with Regulation 11 of the Charitie5 Accounts (Scotland Regulatlons 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts present with those records. It also includes consideration 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 all the evidence that would be required in an audit, and consequently, I do not express and audlt opinion on the View given by the accounts. Independent Examlner's Statement In the course of my examlnation. no matter has come to my attention. Which gives me reasonable ¢•use to believe that in any material respect: the r*quirements To keep èccountin8 records in accordance with Section 44llllal of the 2(K)5 Art and Regulation 4 of the 2W6 Accounts Regulations, and To prepare account which accord with the accounting records and comply wlth Re8ulatlon 9 01 the 26 Account Regulations have not been met, or To which. in my opinion, Jttention should be drawn In order to enable proper understandln8 of the a¢¢ounts to be reached. P¥8e 6
Mormond West Parlsh Church Recelpts and Payments Account Year endln 31st December 2024 Funds 2024 Fund5 2024 Fund5 2024 Total 2024 Total ZOZ3 R•¢elpt• Donat1$ Nots3 E65,884 E65.884 £52.355 Legades 8•nk & Depostt lTri•rést Investment Income EO EO EO 233 £66,284 £0 EO £66.284 £52.588 Clalm Irorn nIs¥ll1e Trust Rental of Preml$e5/Glebes Gr•nts £0 £559 £8.525 £8,525 £5,028 £0 £5,255 £5,455 £0 £5.028 Cons. Fabrlc Fund Trinsfer of Unlon 8alance. New Pttsll80 Othr Rertlpls Ell.842 E23.181 £7,774 £42,797 £3,837 Éo E3,814 £23 £4.248 Tot•1 R•ulpfs-G•n•rnl A£cowrt £9),465 É28.232 £7.774 E126,471 £68,105 Gulld £2.748 £2.748 £2.339 Bruce Bequest Reslllence Group AVA Grant pald to GeTh•r•l Fund In errty 71 E871 £422 £3,217 £3,217 £2,499 £8,150 £2.748 £4,088 E6.836 £13,410 TOTAL RECEIPTS £93,213 E32,320 £7.774 £133.306 É81.515 P¥ents Costs ol Generatln8 Funds Charitable Activities N•4 £234 £234 £225 E83,927 É4.517 £83,927 É4.517 £S.528 £59,370 £4,402 Other P•yments Cos Wlnier Support Granl Communty &lé E5.528 £432 £432 Tot•1 Paym•ntsthG•n•rnl Act0rt E88,678 E94.638 E63,997 Guild ÉL37S É1.375 É2,440 £669 Bruce 8equest Resilience Group £2.440 £2C() £8.118 £8,118 £3,272 £1.375 £10.558 £0 £11,933 £4,141 TOTAL PAYMENTS 1.053 £16.518 £0 E106,570 £68,138 Excess of R•celpts over P•wneTrtsfor lh• y•r b•fore transl•rs £3,160 £IS.802 E7,774 £26,736 £13.377 Tranrf•r B•twM•n Funds Mot• S £7.053 7.053 £0 Excess of Recetpts over P*ym•rts for the ye•r £10.213 £8.749 E7.774 £26,736 £13.377 Page 7
Mormond West Parlsh Church Statement of Balances In 24 UnrestrfLted Restrkted Endowrnent Funds Funds Funds 2024 2024 2024 Total 2024 Totsl 2023 STATEMENT of BALANCES Bank & Deposlt Balances Bank & Depgsit Balanc•s BIF See Note 2 £27.806 £20.722 £48,528 £35,151 Movement In Year: Excess of rec•ipts ov•r paym•nts for the year Tran5feT between funds £3.160 £7,053 £38,019 £15,802 6.779 £29.745 £7,775 4274 £26.737 £13,377 £7.501 £75.265 £48.528 Investment •t M•rket V•lue Church of Scotland Inv•sto Trust GTQWth Fund A$ts Glft Ald R•c•fv•bl• £11247. £6,692.LK) Ll•bllltles The Accounts were approved by the Kirk Session on 9th March 2025 For and on behalf of the Kirk Session Minister Treasurer Page 8
Mormond West Parlsh Church Statement of Balances Notes to the Accounts Trustee Remuneratlon and Related Party Transartlms During the year the Minister reteived reimbursement of expenses totalling £2942 The Ministerfs stlpènd 15 paid dirertly by the Church of Scotland General Trustees in Edinburgh. In Addltlon During the year Church Secretsrvs sakry totalled £3989 and the Church Cleanerfs salary totalled £1384 Movernent of Funds At 1st January 2024 At 31st December 2024 MOVEMENTof FUNDS Recelpts P•yrnents Ti•nslers Unrestrlrted Funds Desi8nated Fabric Fund Mormond West Guild Fund General Fund - Strlchen & Tyrle General Fund - New Pitsll80 £2.615 £1,627 £23.564 £0 £2,748 £74.227 £16,238 £93,213 £0 £1,375 £85,483 £3,195 £90,053 £0 -£1,6LM) £8,653 £2,615 £1.400 £20.961 £13,043 £38,019 £27,806 £7,053 Restrlcled Funds 8ruce Bequest Fund Bruce 8eque5t Fund - Pitsligo Community Café (Music) lin G Accl Cos Winter Support Grant lin G Ac¢) Vallenfall Grant lin G Accl Resillence Group AVA Grant Paid to General Fund in Error Pltsli80 Legacy Fund Pitsli80 Legacy Fund lin G Accl Gen. GS Davidson Trust Fund Gen. GS Davidson Trust Fund Interest Aberdeenshire Council Food Fund £3,945 £422 £2.577 £23 £528 £3.OLM) £3,217 £2,440 £0 £432 £5,528 £0 £8,118 £2,851 -£2,577 £4,778 £0 £46 £0 £455 £5.LMY) £0 £3,172 £8,150 £3,C £6,921 £0 £0 £15.¢)J) £7.501 £0 £8,650 -£8,150 21,053 £15,Ll)O £21,053 £7.501 £274 £1,500 £40,095 -£274 -£1,500 -£7,053 EO £20.722 £16,518 £37,246 TOTAL FUNDS £48.528 £133,308 £106,571 £0 £75,265 Pur os f De51 nated Funds The Oesignated Fabric Fund is a fixed sum of £5464 held on deposit by the Church of Scotland Investors, Trust in Edinburgh, and accessible, if required, by the Trustees for maintenance of Mormond West Church Property. Pur oses of Restricted Funds The Bruce Bequest Fund is administered by the Kirk Session. and is used solely to fund initiatives for the benefit of the p¢)or of Strichen and Tyrie Parish. Page 9
Mormond West Parish Church ststement of Balances Notes to the Accounts (ujnt) 3. Analysls of Recelpts Unrestrlcte(l Resirfcted Endowrnert Funds Funds Funds 2024 2024 2024 Total 2024 Totsl 2023 ANALYSIS of RECEIPTS Donatlons FWO Schem• (Non Glft Aldl Glft ASd Don)tlons Ordinary Offerinis (Own Pl•t•l Other Ofvrlngs, ODn(rtlons ete £8,322 £41,954 £3,133 £240 £8,322 £41,954 £3,133 £240 £5,352 £31.829 £2,176 £0 Tax r•c•lv•d on qlft ald Other Recelpts Other Donatlons £11.247 £1 £11,247 £1 £8,620 £0 £3,715 £0 Strlch•n Sehool Communlty Café £200 £200 £150 £787 £23 £810 £968 £65.907 £52110 Artlvltl•sfor G•n•r•tlni Funds £0 £0 £0 £0 £0 B•nk & Deposlt Interest Vlryln Mon•y Acc. G• S O•vldson Trust Fund Account Bruc• 8•qu•st Ace. N Bank of Scotland Acc. C of S D•poslt Fund Interest Investment Income C of S Growth Fund Divid•nd £41XJ £4th) £233 £233 Rento1 of Premlxj Rent paid for us• of Strlehen and Tyrle Church•s Glebes £8,525 £8,525 £5,255 £8525 £8525 £5.255 Trlnsfer ol Unlon 6•l•n¢e £11,842 £llJ42 £23.181 U3.181 É7,774 £7.774 £42,797 £42.797 £0 £0 Pale 10
Other Recelpts Life and Work £42 £42 £42 Electricity Refunds of Direct bIt5 Miscellaneous Kings Trust Wedding and Funerals New Pltsllqo Church Contrlbutlon Bruc• 8•qu•st Grènts £41 £41 £150 £521 £521 £377 £0 £559 £3,210 £3,210 £0 £1.610 £2,069 £0 £0 £5,028 £5,028 £5,000 Consolldat*d Fabrie Fund £3J14 £5.028 £8.842 £9W7 Tot•1 Recelpts IGener•l Account) £28232 £7,774 £126.471 Gulld 8ruc• B•qu•st R•slll•neo Group AVA Grant Pald to G•n•ral Fund in Error £2.748 £2,748 £871 £2.339 £422 £871 £3,217 £3.217 £0 £2,499 £8,150 £2,748 £4J £6036 £13,410 R•c•5pts 8•l•n¢•s Total £93J13 £32,320 £7.774 £133,307 £81,515 Page 11
Analys15 of Payments Unrestrlrted Restrlcied Endowment Funds Funds Funds 2024 2024 2024 Total 2024 Total 2023 ANALYSIS of PAYMENT5 Costs of Generatln8 Funds Offering Envelope5 £234 £234 £225 Charltable Acilvliles Ministrie5 & Mission Allocation Presbytery Dues Minister's Expenses Pulpit Supplies Other Staffing Costs Fabric Repairs & Maintenance Manse Fabric & Maintenance Council Tax Heat and Light Insurance Church Office Expenses & Phone Organ & Music Println8, Ststionery & Postage £42.071 £2,178 £2,942 £543 £5,373 £4,409 £3,840 £3,048 £11,089 £6,909 £1.154 £0 £371 £42.071 £2.178 £2,942 £543 £5,373 £4,409 £3,840 £3,048 £11,089 £6,909 £1,154 £0 £371 £29,818 £471 £1,793 £491 £3,941 £3,318 £1,118 £2,978 £7,481 £5,674 £1,812 £70 £405 £83,928 £0 £0 £83,928 £59,370 Other General Accounts Expenses Gifts Life and Work Cleaning Glebe Expenses CCLI Licences Community Café Gardening Donations Other ExpenseslPayments Audio/Visual Equipment Cos Winter SupportGrant £130 £42 £189 £130 £42 £189 £800 £314 £1,000 £576 £500 £1,398 £0 £5,528 £10,476 £30 £42 £1,512 £800 £293 £95 £522 £500 £248 £360 £0 £314 £568 £576 £5(h) £1,398 £0 £432 £5,528 £5,960 £4,516 £0 £4,402 Total Payments IGeneral Account) £88,678 £5,960 £0 £94,638 £63.997 Strichen & Tyrie Guild Bruce Bequest Resilience Group £1375 £1,375 £2,440 £8,118 £669 £200 £3,272 £8,118 Total Payment £90,053 £16,518 £0 £106,571 £68,138 Pa8e 12
Mormond West Parish Church Statement of Balances Notes to the Accounts IC¢t) The New pitsllgo Legacy Fund Accwnt The Pitsligo Legacy Fund Account was closed and the monies transferred to the General Attount. The Kirk Session agreed that £15000 be designated to Fabric and the balance for general purposes. Mlnlsters, Silpend All Church of Scotland congregations contribute to the National Stipend Fund which bears the costs of all ministers, stipends and employerfs Contributions for National Insurance, pension and housing & loan fund. Ministers, stipends are paid in accordance with the national stipend scale, which is related to years of service. For the year under review the minimurn Stipend was £31642 and the maximum stipend lin the first and subsequent years of service) £38884 Collectlons for Thlrd Partles 2024 2023 Collertions for 3rd parties Christian Aid Macmillan Mary's Meals Aberdeen Cyrenians Refuel MCR Pathways £635.L £681.00 £241.00 £236.(X) £920.00 £o.(NJ £0.00 £367.00 £127.00 £153.00 £1,793.00 £1,567. Pale 13
Mormond West Parish Church Statement of Balances Notes to the Accounts (cont) Investments 2024 2023 DEPOSIT FUND l Fabrlc Fund £3.595.LX) £3,595.? l General Puip05es Church of Scotland Investors Growth Fund 350 units @ £6.38 per unit (Cost £195.56) Market Value Market Value Church of Scotland Investors Growth Fund 350 units @ £5.83 per unit {Cost £195.56) £2.233.(K) £2,040.50 2 Fabrlc Fund Church of Scotland Investors Growth Fund 800 units @ £6.38 per unlt (Cost £400.fy)1 Church of Scotland Inve5tor5 Growth Fund 800 units @ £5.83 per unit (Cost £41x).IJ)I £5,104.00 £4,664.00 3 Genefal Purposes Church of Scotland Investors Growth Fund 280 units @ £6.38 per unit {Cost £184.45) Market Value Market Value Church of Scotland Investors Grovrth Fund 280 units @ £5.83 per unit (Cost £184.45) £1,786.40 £1.632.40 4 Fabrlc Fund Church of Scotland Investors Growth Fund 150 units @ £6.38 per unit IC05t £266.25) Church of Scotland Investors Grovrth Fund 150 units @ £5.83 per unit IC05t £266.25) £957.IXJ £874.50 TOTAL BALANCES £10,080.40 £9,211.40 Due to unification of Strichen & TyTie Parish Church and New Pitsligo Parish on 1st January 2024 the 2023 balances include New Pits1Tr80'5 balance Page 14
FUNDS HELD ON BEHALF OF THE CONGREGATION BY CHURCH OF SCOTLAND GENERAL TRUSTEES 2024 2023 CONSOUDATED FABRIC FUND CAPITAL AccouKr Cost of units at 31 December Market value of units at 31 December) £92,656.20 £92,965.20 £141,638.08 £133.717.68 REVENUE ACCOUNT Credlt Balance at 31 December . £20,160.20 £14,949.99 TEMPORARY ACCOUNT Debit Balance as at 31st December -£2.356.(KJ £o.c INDIVIDUALFUNDS- KING'STRUST Expendable Cost of units at 31 December Market value of unlts at 31 December £18,276.21 £18,276.21 £0. £o.c Permanent Endowment Cost of units at 31 December Market value of units at 31 December £9,401.35 £91,042.60 £9,401.35 £83,194.10 In the 2022 Flnancial Statements. the investments were shown using unit cost rather than the market value. Investments should have been shown as market value as per The Charities Accounts (Scotlandl 2006, Schedule 3, Part 161cl During the year, the Consolidated Capital Investment Mixed Fund wa5 transferred to the General Trustees- Capital by the General Trustees of the scheme. P¥ge 15