The Church of Scotland Stirling: Holy Rude Viewfield Church of Scotland (Union of Holy Rude and Viewfield Erskine) TRUSTEES ANNUAL REPORT AND FINANCIAL STATEMENTS Year ended 31 December 2024 CoDgregrdtion Iyo: 281712 Charity No: SC007533
Index Pagc Contents Trustees Annual Report Independent Examiner's Report to the Trustees of Holy Rude Viewfield Church of Scotland Statement of Financial Activities - Income and Expenditure Balance Sheet 9-10 Accounting Policies 11-17 Notes to the Accounts: Note l Donations and Legacies Note 2 Income from Charitable Activities Note 3 Income from Other Trading Activities Note 4 Investment Income Note 5 Other Income Note 6 Analysis of Expenditure Note 7 Staff Costs and Numbers Notc 8 TrLS8tee Remuneration and Related Party Transactions Note 9 'fangible Fixed Assets NTote l O InN'¢stments Note I l Debiors Note 12 Crcditors Not¢ 13 Analysis of Assets Among Funds Note 14 Volunteers Note 15 Movement in Funds Note 16 Collections for Third Parties Appendix.. Fund5 held on behalf of the congregation by the Church of Scotland Cieneral Trustees
STIRLING: HOLY RLTDE VIF.WFIELD CHURCH OF SCOTLAND TRUSTF.ES ANNUAL REPORT Year Ended 31 December 2024 The trustees prescnl their annual report thd financial statemcnts of the charity for the year endcd 31 December 2024. ThL financial stat¢menls have been prepd in accurdanLC With the accouniing policies out in Note I to lh¢ accounls and comply with the Q¥enerai A¥sembl)' Regulation8 for cong>reJalIonal Fin(InLL". the Charities and Trustee Iiiv¢slment (Scotland) Act 2005. th¢ Charilies Accounls Iscoiland) Rebjulalions 2006 (a5 amended) an ALcounting and Reporting by Charitie5.' Statement of Recommended Praclice applicable t hdritics preparing their accounts in ac¢ordarAce 1th Ihe financial Rcporting Standard applicable in th¢ UK and Republic of Ireland published on 16 July 2014. Objectives and Activities The Church of Scotland is Trinitarian in doctrine, refonned in tradition and Presbyterian i polity. It exists to glorify God and to w'ork for the advancement of Christ's Kingdom throughout the world. As a national Church, il acknowledges a dislinctive Lall <wd dull, lo bring the ordinances of religion t() the people in every parish of Scotland ihrougTh a territor minisiry.. It ¢O-OPCTales with othcr Churuhes in N'arii)u% ecumenical bodies in Scotland an4 be}'ond. The Vungregation of Siirliiig.. l.loly Rude Ille,t1e1d is an active union of Holy Rude and Vierficld Erskine. Activiiies Pdrlllul to Hol), Rudc Viewli¢ld arc.. Services of Worship, civic eN'ents and fundraisingj events such as Concerts. The Lhurch choir was an integral p the Church of thc Hol), Rude and continues to serve the united congregation of Holy Rud Viewficld. a Wornen'5 Group conlinued to meet during 2024. Achievements and Performance The church continues under the spirilu¢il gjuidance ol. th¢ ,ho led the u of the fomer linkage of ihL two vhurLhe%. -fhc )'ear 2U:4 li IIIL I11"s1 1 i)r tli¢ uniled cong?rebJation wilh %i¥nific8nl effort and commitment from Ihe Minister and the -I'rusle¢s I devclop the union for the congregation without losing sight of our ongoing spirilual purp on
Financial Review The churLh is grateful for the generous contributions of its members, supplemented by inLome from concerts weddings; a partnership with Siirling District Tourism enables the Lhurch to obtain revenue from tourism entrance fees {£57,600).' this makes a signifiLant and vilal contribution to both ongoing running costs and tabric repairs. Volunteers givc their time and talents willinglv for th¢ benefit of the church whiLh could not continue to function without their ongoing commitment. The contribution ol. the Friends of Holy Rude has been significant in the life of the Church of the Holy Rude and their ongoing involv¢rnenl in the united congregation has yet to be fornialised. The role of volunteers is fornially acknowledged in Not¢ 16. In addition to the contribution from Tourism Stirling, major sources of income are weekly otferinLys and monthly gift aid contributions. The monthly gift aided flind% (Ire dircctly paid into the church bank (ILcount bv mcmbers and make an important conlribulion to C<i8h flow. The rcgJular giving ol'£38,893 for 2024 shows an increase of £17,462 over 2023, presentIng the united contributions of the congregation. Appeals and fundraising have provided significant contribulions towards the work of the hurch, cined out on a voluntary basis with minimal cost.. Christmas Appeal raised £1,230. Day to day expenditure totalled £95,675 compared with £38.314 for 2023.The church fabric exp¢nditurL in 2024 was £15,730 compared with £6,961 in 2023. The Church inLreas¥d its cash balances in 2024 by £9,289 and Carried lorw(ird into 2025 tolal funds of £114,134 as del¢iiled on page 7. The challenge for Holy Rude Viewfield Congr¢gation in the years ahead is to build up the community of faith to glorily God and provide inspiration to fulurc 8encrations. Investment Policy and Performance The congregation holds investments with the Church of Scotland as outlined in not¢ l O to the accounts. These ar¢ shown at market value. Risk Management Two principal tasks fac¢ the charity at present.. thc programme of fabric improvement and building up congJregati()nal numbers. The disposal of Viewfield Church buildingys is being managFcd with the as.%istanc¢ of thc Church ol. Sc()Iland Law Department and Propertv Department. Reserves The Trustees have no staled policy on reserves and maintain sufficient cash fl()w to sustain ongoing activities. The Truste¢s now hold endowm¢nt funds: a restricted Fabric Fund is maintained. Collections t.or flowers are includcd within the General Fund.
Structure, Governance and Management The congregation is a r¢8isleTed charitv, number SC007533 and is athninisfrred in aCCordce ivith the lerms ol- Ihe Church of Scotland Deed of Constitution (Uniiary Fom) and is subj¢cl to th¢ Acls and Regulalions ofthe General Assembly of the Church of Scotland. Members ot.the Kirk Session are the charity intslees. The Kirk Session memixrs are the elders of the Lhurch and are chosen from those m¢mbcrs of the Lhuh M,ho are considered haN'e the appropriale gifis and skills. The minister. who is a member of the Kirk Session. is, elected by the congTegalion and inducted b% Pr¢sb) l¢r)'. The Kirk Session has sole responsibility for all of th¢ affairs of the church <md mceis six times each year, chaired bl, lh¢ minisler. l¥olloii'ing Ihe union. the Kirk Session has reN'ie th¢ structure of church commitlees and responsibilitics and sel up fil'e Lommitlees to organise Propertv, Finance, Pastoral. Il'orship and Communication. with a short tenn Transition Committee to arrange ihe removal of church ilems from VieTh'field. Triistccs PriDcipal Office Bearers Minister: Session Clerks: Treasurer: Charitv Name.. Stirling.. Holy Rude Viewfield Church of Scotland C.hartry Registration N.umber: SC007533 Congregaiional Reference Number: 281712 St. John Street, Stirling, FK8 1 ED Principal 01cc.
Contact Address clo TrLasurer 2 Fairhill Road Whins of Milton Stirling FK7 01.L Bankers Bank of Scotland 7113 I'ort Sireei Stirling Independent F.iaminer
Trustees Report (cont.) Year ended 31 December 2024 Statement of Trustees, Responsibilities The charity irustees are responsible for preparing a truslce's annual report and financial statements in accordance with applicable law and Uniled Kingdom Accounting Stsndards (Unitcd Kingdom (ienerally Acceptcd Accounting Prnctice). The law applicabl¢ to clwiiies in Scotland requires the charity, trustees to prepare financial slatements for each vear which Show a true and fair view of the Sle of affairs of the chari and of the incoming resources Ld 4ippIiL<ilioi) of res1)urc¢s ot. thc charity lor Ihat period. I prewing the financial staiements thc irusiees are required io: select suitable ac¢ounlin¥ puliLies and apply them consisicnily observ¢ the mvthod and principles in thL' applicable L'harities Stat¢mcnl of Accuunlin¥ IJra¥ti¢e make judgemcnts and estimaics that are reasonable and prudenl 8iaie wheihLr upplicablc accounling stsndards and statements of recommended practiLe havc becn followed. subjecl lo any departures disrlosed and explained in lindniial slalemenis preparc the l in¥AllLl<il siaiem¢nls on ihe ongoing concern basis unless il i indppri)prialL 10 prcsume ihdl the ¢harilv H'ill cnntinul in opcralional existence The Irust¢C5 PAre responsible lor kccping propxr uLu)unling records h]Lh disclose with reil%()nabl¢ accurac). al any lime the linancial posilion ol. the Lh11). and to enable ihL'm to ensurc that thL lindnLial %tatLments conipl!, wilh thc C harities and Trusiee Inve5tm¢nt (Scotland) Acl 2(105 and the Lharilies Accounts {Scoild) Re¥ulalions 201)6 (as amcndc They are also responsible for te¥u1d1n the ass¢1% (If ihc charity" and hcnLL for taking reasonable steps for the prevenlion and d¢tc¢lion of Iraud and other irregulariti¢s. The trusiee5 are resnSIble for the mainl¢nance and inlegrity of ihc charity and finanLial intormali()n on thc congregation's i%ebsite. Legislaiiun in the United Kingdi)m 8ovcrnin preparation and di5seminalion of fin&ncial stsm¢nis may diftler Irom legislation in ()th¥r jurisdiclions. ".h,- Iliriiftir .".nd. %cttjnn f ileTk behalf of the TnL8iees. signed:. Pt Middleton, Session C.'lerk 26 Jlnuarn 2025
Independent Examiner's Report to the Trustees of Stirling: Holv Rude Viewfield Church of Scotland I report on the accounts of the charity for the year ended 31 December 2024 H,hich ar¢ set out on pa¥es 7 10 13. Respective responsibilities of trustees And examiner Thc charity's truslees are restx)nsible for the preparation of the accounts in aLLurd¢ce with the lem)s ol"thL. Charilie5 and 'fruslec In%'c51mcni {Scotlandl Acl 2005 and ihe Chariti¢s Accounts (Scotland) Regulations 2006(&s amended). The charity tnlee$ considcr that ihe audil requirement of Regulation l O(] ) (d} of thc Accounls Regulations does not apply. It is my resp)n%ihilit!' lo examine ihe accounts as required undLr section 44(1) (c) of the Acl and 10 SIC whether particular mall¢rs have ¢ome lo my altenlion. of iDdtp¢nden¢ examiner'¥ 8tatement My cxamin411ion is ¢arrted out in accordancc 1th Rcgulalion I l uf the Charilies AcLounl5 ISLI)Ilandl RLgulations 2006{4).s amendi'd). An examination includes a review Df thL accounting records kept by the LharitN' and a comparisi)n of ihe a¢ci)unts prcscnted .}lh thiTrse re¥ords. It also in¢ludLS consideraiinn of iiny unusual items ()r disclosurcs in th¢ a¢Luunlb Ind sccks cxplanali()ns from Ihe tru4l¢es conccminbj Jn). SULh matters. 'l-h¢ pri)Lcdurcs undcrtaken do not provide all ihL Lvidcnce Ihai would bc rcquircd in an audit, and consequenily, I do nol express an audit opinion on ihe view given by thc acLounls. Independent exAmin¢r's statement In the cour5L' ol my extunination. no matter comc io my. alleniion.. which gives me rca50nablc cause lo beliLVC that in an). matL'ri¢il respect ihe requircmcnls.. to keep accounting rccords in dcLorddncc th'ith %eclic)n 44{1 I la) oj. the 20115 Aci and Rcgulalion 4 of the 2006 Accounts Regulati(?n* (as amcndedl. and Ici prL'pare accounts which accord wilh Ihe aciounling records and coinply with Rcgulation 8 ol- the 2006 Accoun15 Rr¥ulations (as am¢ndLdl liaK'c nol been mL't. or to th,hich, in my opinion, attenlivn should bc drawn in OTdcr I 'Tl.'Ihle .1 nTI)DLr under.sianding of the accounts to be rcached. Profe%iiDndl Addr¢ss: Date: 24 'tbruarV 21J25
Stirling: Holy Rude Viewfield Church of Scotland Statement of Financial Activities- Income and Ex enditure . Iolal teStrIcted Restricted Endowment Funds 2024 Fund5 Fynd5 uTbil 2024 2023 2023 2023 Total YearTnife&31 Decethber 21lltr f¥ryie Funds 2024 2024 Income tndowmeDts from: Donation% and legacies Charitable activities Other trading activities Investments TTan5fer ot. Ilnion Balance (hhcr Total Incume 96.581 -S.107 12,5(K) 109,081 5,107 6.448 58 30.273 240 30.273 990 8.521 750 8.521 6.448 58 24.359 5.302 72.188 101,849 101746 120 694 148 165 xpen(litiire on: Raising luiid8 Charii(Iblc dLlivities Othvr 1.0t1 F.xp¥ndi¢ure 45.277 95.675 15.730 111.405 38,314 6,963 19.877 lQ.823 72,188 102,188 Nel incomcjlexpenditurel belore %#ins #ncl Ii)%%e$ on in%'e¥lm¢nts 6.071 3.218 9,289 Net gainsl(Losses) on inveslmen¢S 6¥0 4,156 4,836 (846) 16,159) {7,005)1 95,883 el incnrnel(expendlture) 6.751 3,218 4,156 14.125 19,031 10.823 66,029 'rransfers betw¢en Funds 1277,5(M)) {277.500) Net movemtnl in Fund5 6,751 3,218 4.156 14,125 19.031 1266,677) 66.029 (181.617) Reeoncilialion of frunds.. 'rotal fui)d% broughi forward Total funds d forward 277 788 2816?6 LOZ2 JAQ (K)y
Stirling: Holv Rude Viewfield Church of Scotland Balance Sheet At 31 December 2024 Total Funds 2U24 Prinr Ye¥4r 2U23 l%ote Fixed Asse¢5: Tangible Assets Investments 10 TotY41 Fixed Assets Current Ass¢ts: Debtors Cash ai bank 1.000 500 Total C.urrcnt Asset5 Liabilities Creditors falling due H'ithin one l'ear el Curreni A55et5 12 31,962 Creditors talling due after more than one year et Assets 114 134 100 009 The funds of the charitv: I"'nd0'm¢nt tunds Reslricted income funds Unrestricted income funds 15 70.185 66.029 Total C".harity Fund5 15 114 1.34 100 009 The accounts were approved by the Kirk Session on 26 January 2025. IrA -, f+FT- Tnt¢ty< e5sion Clerk5 'rreasurer 26 January 202
Stirlin Hol Rude Viewfield Church of Scotland Year ended 31 December 2024 ACCOUNTING POLICIES Th¢ principal dLcounling' policies, which have been applied consistently in the current and precedi dealing with items which are considered material to the accounts. are set out below. g year in B85]5 of Pr¢parxtion ThL linancial slatements have been prepared in accordance w5th Accounting and Reporting by Ch ities.. Statement ot Recommended Praclice applicable to charities preparing their accounts in accordancd with the Financial Reporting Standards applicable in the UK Republic of Ireland (FRS102} ¢tTectiN'e from I January 2019 and the Financial Reporting Siandard applicable in the UK and Republic of Ireland (IRSIO2), the Charities and .1 rustee Investmenl (scotld) Act 2005 and the Charities Accounts (SLoiland) Regyulations 2006 (as amended). Fund AccouDtinR Funds are classilicd as restricted or unrestricted funds. defined as follows.. Restricled funds are funds subj¢¢t to specif)c requirements a5 lo their use which may be declared donor or with their authority or created through legal processe5, but still within the 'Ider objecls charity. the Endowinent funds are funds which have been given on the condition that the original Lapital sum r¢ducecl, but the income there from is used for the purpose defined in accordance with the objects charity. Unrestricted funds are expendable al the discretion of the trustees in furtherance of the objects of ¥ charit),. If parts of the unrestrictcd funds are earniark¢d at the discretion of the Iruslees for a particular purpose. they are designated as a separate lund. This designation has an administrative purpos¢ only and does not legally restrict th¢ trustees, discretion to apply the fund. snot tthe Going Concern The 'frusl¢es consider that there are no malerial uncertainties about the ability of the charitable c(*npany to onliniie for the foreseeable future, and therefore has adopted the going concern basis in preparinl these financial statements. Recognition of Income IncomL' is rec()ginised whLn the charity has entiil¢ment to the funds, any perfomjance conditions the itern{s) of income have been met. it is probabl¢ that th¢ income will be received. and the amo measured reliably. ached to nl can be Donated Servi¢¢s and F4¢ilities Donat<..d professional servic¢s and donated facilities are ¥08nised as income when the charity has c()nlrol ov¢r tkie ilem, any conditions associated with the donated item have been met, the receipt of ccorK)miL benefii from the use by the charity of the ilem is probable and that ec()nomic benefit can be measlired reliably. In accordance with the Charities %ORP (FRS102) the general volunteer time of COngretIon membrS is nol recognised. C)n receipt, donaied professional services and donated facilities are recognised on the basis of th value of the gifl to the charity which is the amount the charity would have been willing to pay to obtain sdrvices or facilities of equivalent economic benefit on the op¢n market; a COespOndIng amount is then rec gnised as expenijiture in the period ot receipi.
Interest Receivable Inleresl on funds held on deposit is included wh¢n receivable and the ami)unl can be measured reliably by the charity; this is norn]a]ly upon notificalion of the interest paid or pay(Ibl¢ by the Bank. Recognition and Allocation of Expenditure Expenditu is included in the Statement of Finance Activities on an a¢cruals basis and is recognis¢d when there is a legal or constructive obligation to pay for ¢xpenditure. Fixed Asset5 The charity has th¢ right to occupy and use for ils charitabl¢ objects certain langible fixed a55els. including the Church, hall% and manse, vested in the c.hurch of Scotland Qieneral Truslees. No consideration is payablL for the use of these assLls. Expenditure incurred on the repair and maintenance of ih¢se assets is charg¢d as resources expendcd in the Statemenl of Financial Activities in the period in which the liability arises. T8n2ible Fixed Assets Th¢ church has no title to tangible fixed assets at present. Consequently, no depreciation is included in ihe accounts. I'he Viewfield Church buildings are presently beingi marketed for sale by the I,aw Department of the (ieneral Trustees: proceed5 will be accounted for as and when they are realised; hall pro¢¢eds to the GL'neral l-rustees- Church building proceeds lo local trusie¢s. Investments Fixed asset inve8lments are Stated at market value at the balance sheet dalc. ljnrealised gTains and losses represent the difierence betwecn the market value at the beginningJ and cnd of the financial year or, it" purchased in the Vear, the difference between cost and market value al the end of the year. R¢alised gains and losses represent the difference between the proceeds on an J. disposal and the markel value at the start of the year or cost if purchased in the year. Taxation Stirling: Holy Rude Viewfield Church is recognised as a charity for the purposes of applicable taxation leg7islation and is therefore nol subject to taxation on ils charitable a¢livilies. The charity is not regislcred for VAT and rcsources expendcd Iherelore includ¢ irrecoverablc input V A'r. Cash and Cash F.quivAlents Cash and cash equivalenls include cash in hand and deposits held with the Investors Trust. Debtors Trade and oiher debiors are recogniscd at the settlernent amount due after any discount off¢r¢d. Any prepayment5 are valued at the amount prepaid net of any discounts due. Ai the end ol. the year the only debtor was HMRC gift aid recoverable from donations received since September 2024. Creditors Creditors are nomially recognised at their s¢ttlement amount after allowing for any trade discounts due. At the end of lh¢ yLar there wer¢ no oulslanding unpaid amounts. 10
Stirling: Holy Rude Viewfield Church of Scotland Notes forming part of tbe financi21 statement5 Incorne for the yeAr eDd¢d 31 December nresfrfernésfricTJ- ri Fund5 FuDd5 2024 2024 unds 2024 2024 Funds 2023 2023 2023 202J Donations and Legaeles Ofterings Tax reLI)vcred on Gift Aid Legacies Tourism Siirling Other 38.893 9.512 38,893 9512 22.578 6.488 22.578 6.488 45,100 12,5(Ml 57,6CK) 207 96 109081 Income from rharitable aetivities Weddinsps F'unerals Coff¥c momings ¢¢¢. ConLertq 2,247 2,247 240 240 750 990 Inei)me froni other tradinR #clivities Reni Receivcd from Hall L¢ls X,521 Invcslmtni lTr¢ome l)ivi(l¢iid% rLLcived Deposit interest 58 -%8 58 OthLr Incom¢ ReLClPts IroTh General Trustees Insllran¢c scttlLment t)LM% Ciranl{VA T recovered) Holy Rude l.inkage 2,636 577 2,6.36 577 5 - Transfer of Union Balance represenls ihefinal balancesfrom ihe cerlified accounts of ihe Church ofihe Floly RIe as oi 30 November 2023, the dale of union wilh Viewfield Erskne toform .Siirling.' Holy Rude Viewfield.
Stirling: Holy Rude Viewfield Church of Scotland Note5 formin% part of the financial slatem¢nts cont'd E¥p¢nditure for the year ended 31 December 2024 Unresirieled Fut)ds 2024 Reslricted und5 2024 Endow menl bunds Tot#1 2024 Unrestricted Fund5 2023 Restri¢t¢d Fund5 2023 Erhdowrnent Funds 2023 Tulal 202J Anal)'sis of Lxpendilure Kai%iii ? l.und% InvL%iincni Manager's Fee5 Offeriiig P.nvelopes Lharitahlc Activi Givinb lii (Jrow contribution Preshytcr), l)u¢s Voluiiiary Addhlional Stip¢nd Minisler's l-.xp¢n5¢S Mini8i¥r's Absistance I'ulpii Supply Other .%iclary costs Fabrii Rcpairs and Maintenance LounLil l ax Other 14uilding Costs Church C)ffi¢e F.xpenses Organ and Mu5jC Other Expenses 35.017 1.544 35,017 1,-544 18,463 486 18.463 486 1,926 1.926 1.606 1,606 440 3.040 440 3,040 15,730 3,794 38.572 1.727 7,991 71K) 587 6,963 3,678 8,436 694 3.066 700 $87 6.963 3.678 8.436 694 3,066 $98 15.730 6.963 3.794 38,572 1.727 7.991 963 TOTAL 111405 38 12
.No¢es foming part of tbe financial 5tat¢ment5 for the )'ear ended 31 December 2U24 continue 2024 2023 Staff Coyts #nd N'ujnbers Sttlaric% and {oii¢ Inonth 2023) So¢iHI Securiiy costs (one month 2023) Total 7.553 1.827 5A7 152 The average number of employees during the year was 85 follows.. 2024 Number 202 Number Ministcrial support Adiniiii.%trdlii)n Pr¢mibcs Mainten&n¢¢ No employee had eii)pliiy¢e bencfils in excess ot £50,000. All chUh of %¢oiland congrcgRlions Lontribute to the NulionAI stind fund whiLh bears the co ministers, stipends and ¥iiipli)yer % iontribulions fur national in5uraiiLL, pension and housin¥ and Minisicfs. 51ipend5 ar¢ paid in &LLvrduiiL¢ with Ihc Iiationol 51ip¥iid %iJle, which iq relal¥J to year F,'iii' thL y¢nr und¢r rcvi¢w thl miniiiiiiiii siipend £1 I,(142 Mi)d the maximum Stipend (in the fil siih4¥iiiicnt yetwb uf SLrvicel LJll.11144. sof811 )un fund. of SLfviLe. and Trii%li'i, Ri'iiilliii I'lltion nnil Ilcl:Itcd Pvrtl, Tr%n**ctiibn¥ Nil IruslLe iir a p¥rson rclAi¢d to a irnsiee had any pei'iuii&l Iii1¢1¥s1 iii knuiIIL'a¥l ui. tsdiiS<L4III)11 by the charily durin¥ thL year. t)iiring th¥ )'ear & total ()f £21,100 donaled to th¥ wiigregation by trustees. 13
Notes forming part of the financial statements for the year ended 31 December 2024 eont'd. T*ngible Fixed Assets A8 Outlineil in the statement uf #cii)unting polieies. the church bas the rigbt to occupy building5 Wlth the title held b) the C'hurch of .4+c()tIMnd. The church iherefore holds no tangible fixed assets as at 31 Decemb¢r 2024. A5 a reminder, the shared manse was included in the 2022 accounts of Viewfield F.rskine Church ai a proportion of its market value, bul the accounts of Holy Rude did not include the oiher proportion. A5 the title to the manse is now held by Church HQ, its value was removed from the 2023 accounts of Siirling.. Holy Rude Vi¢wfield and the 2024 accounts refl¢¢t this change. Assislanie from the Church ()[ %¢()tIRnd I,aw and Property D¢pnrtmenls is apprecial¢d in the disposal of Vi¢wfi¥ld r.rskine biiilding%. A.4 ou(lii)ed in the Accounting l)olicie%, Ihe procL¢ds i)l- aiiy %al¢ ()I' Ihe Viewficld Hall would go lo the (ieneral -1 ruslees.. any prc)¢eeds Iron) Sale of ihe church building would go lo IULUI irus1¢¢5. 14
Notes forming part of ibe financial Slatements for the year ended 31 De¢ember 2024 cont'd. 10. Inveytments 2024 Market Value at 31 December 2023 77,235 Unr¢alised gain on investments 4.838 Market Value at 31 t)cc¢mber 2024 82,073 Inveslmenls al cost 84,240 'rhc following investments are held.. Church ot Scotland Investors 'l'rust Church i)f %LI)ilftnd D¢posit Fund '[ raidcraft 64,956 17.117 100 £82,173 Cayh In B#nk £30,962 I l. Debtor9 2024 2023 Gift Aid 1.ax Refund Other 1,000 500 500 12. C.reditor5 2024 2023 Accruals Other 13. AnAIysiy of Net Assets Am(bng Funds Cjeneral Designated Re5tri¢ted F.ndowment Total frixed Assets Investments Current A5.%ets Current Liabilitie5 11,887 17.733 100 14,229 70.185 82,172 31,962 Net Assets #t December 2024 70,185 114 134
Notes forming part of the financial statements for the vear ended 31 December 2024 cont'd. 14. Volunteerg n common with all eongregalions of Ihe church of Scoiland, lh¢ congregation benefits forni the contribution made by volunteers who give their time and talents 'll[lnlY for Ihe benefit oftlie Church. I'he areas of congr¢gational life which rcly an the contribution of voluilteerg are many and varied and much of the activity would be unable to continue were il not for the commitment shown. 15. Movements in Funds At l J#nuAry 2024 Income F.xpendilure Transfers At 31 De¢ 2024 F.ndown)vnt Fund Mary Fli)d¥¢ '[ riisl 66,029 4,156 70,185 Re4lriL,le(l Funds l.abriL I'-ui)d 18,948 15,730 14,329 Unre41ricted Funds lJ¢iiLral 1.41nd 22.869 101,746 95,675 680 29,620 Tot#1 Funds 100009 120694 Pur oscs ()I' l.'i)di)wiiiLnl I,ui)ds -ri)L Mary 14odgL Triist 14 fnr thc'l riislecs lo make grants to support work ti)wui'ds ai)y <)fih¢ piirposc i)r the l(Ir¥i¥il IniSSiIIII %LlILm¢ (Il'th¥ Churlh ol Ll)Iland. oses of Reslricted Funds l-'abric Fund A¢coiinls for the cost of all pr()perty repairs and maintcn&nce ofthe Lhurch and Inanse: income to the fund is from renlal for the use of the Chiirch. 16. ColltIOn4 for Third PArties 2024 2023 856 90 942 180 240 425 Christian Aid Cros5rcaih Poppv Sci)tlllnd St8rtup Siirlin H0111¢5tart Stirling Str¢¢t Pastors 60 70 250 805 2.308 16
APPF.NDIX FLNDS HF.LD O.Y BEHALF OF THF. COliGREGATIOIY BY THE CHLRCH OF SCOTLAND GENERAL TRUSTEES 2023 $124 J Risk Or an Fund Credit Balances held at 31 December al cosl 5.882 6.504 Market Value of Balances at 31 December Cun.801idated Fxbric Fund Temporary Account l)ebit IlalancL al 31 December 126 17