The Church of Scotland
St Columba Church of Scotland Kilmacolm
REPORT AND ACCOUNTS
FOR THE YEAR TO 31 December 2023
Congregation No: 150821
Scottish Charity Number SC007992
St Columba Church of Scotland Kilmacolm Trustees' Report Year ended 31 December 2023 Page 2
The trustees present their annual report and financial statements of the charity for the year ended 31 December 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the General Assembly Regulations for Congregational Finance, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2015.
Objectives and Activities
The Church of Scotland is Trinitarian in doctrine, Reformed in tradition and Presbyterian in polity. It exists to glorify God and to work for the advancement of Christ's Kingdom throughout the world. As a national Church, it acknowledges a distinctive call and duty to bring the ordinances of religion to the people in every parish of Scotland through a territorial ministry. It co-operates with other Churches in various ecumenical bodies in Scotland and beyond.
Achievements and Performance
In pursuit of our call and duty to bring the ordinances of religion to our parish the following relevant contributions to this end are enumerated:
Sunday Services: Morning Service, average attendance 45 - 60.
Combined Churches: Open-air services celebrating Easter and Christmas were followed by refreshments in our large hall. A Holiday Club was arranged in summer in our hall.
United Services with Old Kirk were held during the summer and at Christmas and New Year.
Communion Services took place in March, on Maundy Thurday and in September.
Other Services: Wednesday Break. This short service of worship and fellowship is organised and administered by a Committee which consists of representatives from other local churches as well as St Columba. It is held on Wednesdays in the Large Hall from 10.30 to 11.30 and average attendance is now 50 plus. Those who come represent all the faith communities in the village. The speakers also represent different denominations. This mid week service is a real success story.
Quarriers Services. Owing to the indisposition of the convenor only one service was held in Campbell Snowden during the year.
A Facebook account has been opened for our church. We continue to raise our profile with appropriate information and photographs of our life and work. This has also led to some requests for baptisms and marriages in our church.
St Columba Church of Scotland Kilmacolm
Trustees' Report Year ended 31 December 2023 Page 3
Another aspect of our Christian commitment has been our involvement in helping local charities. In 2023 the Remembrance Service provided the usual opportunity to aid Erskine Hospital, while a Harvest Lunch provided funds for Port Glasgow Foodbank. Retiring offerings and congregational lunches provided support for The Haven, Christian Aid and Comfort International, and a special concert aided Ardgowan Hospice.
The Presbytery Plan as set out in 2023 was for a union of the two Kilmacolm parishes in the buildings of the Old Kirk. In August the St Columba Session voted to appeal against this. The Appeal was forwarded to the Review Panel. The original understanding from the Session point of view was that this was to be decided within 3 months, but we were advised that it was three months from all the papers called for in the review being submitted. The decision was due in the new year.
our Locum minister resigned in September 2023 due to ill health. Our Interm Moderator for each Sunday. In particular, we have had the good fortune that a final year Ministry student,
has worked hard to find preachers has been able to fulfil this task regularly.
Risk Management
The Safeguarding requirements which are in place are being updated with Presbytery refresher courses being put in place to rectify this.
At our Presbytery's annual Inspection of Records all our records were given their satisfactory seal of approval.
The calibre of the Trustees, their pride in their heritage and their passion for sustaining an effective Christian witness in the local community and beyond are assurances that there is a collective commitment to managing and caring for the spiritual, financial and property-related matters of our church. Tight control of spending has led to a satisfactory financial situation, despite a decline in givings and in rental from the halls. Most of those who use the church and halls have moved in part due to the threatened closure.
Although we are still in a position to operate as a financially viable church, the lack of ministers being trained means that the Presbytery Plan is for a union, as outlined above.
Trustees' Report Year ended 31 December 2023
Page 4
St Columba Church of Scotland Kilmacolm
Financial Review
General Fund
The financial position in 2023 was not as healthy as the previous year. Income decreased by 32% (£38,715) and expenditure decreased by 26% (£26,987).There was an increase in value of the share portfolio and the year ended with a surplus of £9,868. Offerings fell by 15% (£8,640), tax recovery was down by 16% and rent received dropped by 37% (£8,626)
In expenditure the Ministries and Mission payment reduced by £11,766. The Locum's Salary is only until Rev Coull retired, however there are increased costs for Pulpit Supply. Fabric maintenance costs reduced by £22,527 due to no major works.
The Cissie Laird Fund , as the largest of the invested funds, receives the bulk of the bank interest and dividends received. This year gains on investments additional bank interest and decreased expenditure resulted in the value of the fund increasing to £84,493. The Fabric Fund. There was no expenditure from this fund during the year, as there were no major works. A Vat repayment from previous roof works was received. This year, in line with normal practice, the General Fund surplus of £6,854 was placed in the Fabric Fund. This fund now stands at £32,654. The Dr Laird Fund was not used and the balance stands at £6,894. The Benevolent Fund after receiving some bank interest ended the year at £593.
Reserves Policy
The Trustees regard the unrestricted reserves as fulfilling three main functions:
-
Provision of income from investment management.
-
Provision to meet General Fund deficits.
-
Base funding for any major repairs.
Excluding church organisation funds and the manse, £124,041 is held in designated funds and £593 in restricted funds. £50,000 of the designated reserves are held as a financial reserve, and the remaining £74,041 is kept for the fabric maintenance of a Grade A listed building.
St Columba Church of Scotland Kilmacolm
Trustees Report Year ending 31 December 2023 Page 5
Structure, Governance and Management
The congregation is a registered charity, number SC07992 and is administered in accordance with the terms of the Model Deed of Constitution and is subject to the Acts and Regulations of the General Assembly of the Church of Scotland. Members of the Kirk Session and the Congregational Board 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 Interim Moderator is a member of the Kirk Session. The Congregational Board is appointed from within the congregation and members of the congregation are invited to nominate individuals, who are believed to have the skills and commitment to contribute to the management affairs of the Church, to become members of the Board. Board Members are then appointed at the Stated Annual Meeting and serve for a period of three years after which they must seek re-election at the next Stated Annual Meeting. The Congregational Board is chaired by the Interim Moderator and meets two or three times in a year. The Kirk Session which meets five times a year is responsible for spiritual affairs within the church.
Post Balance Sheet Event
On 10 September the Presbytery passed a resolution ordering the union of St Columba's Kilmacolm and the Old Kirk Kilmacolm to create a new church. This union will take place on 29 October 2024. At that point all reserves both designated and restricted will be transferred the new church. As all reserves will be transferred the Trustees are of the opinion that no adjustment is required to the year end values as reported within these financial statements.
Reference and Administrative Information
Trustees
Session
Bankers :
Royal Bank of Scotland 8 St Mirren Street, Paisley, PA1 1UA
Page 6
St Columba Church of Scotland Kilmacolm
Trustees Report
Year ending 31 December 2023
Trustees' Responsibilities in Relation to the Financial Statements
The Charity Trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in Scotland requires the Charity Trustees to prepare financial statements for each year which showa true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the Charity for that period. In preparing the financial statements, the trustees are required to:
-
° select suitable accounting policies and then apply them consistently;
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_@ observe the method and principles in the applicable Charities SORP;
-
° make judgements and estimates that are reasonable and prudent;
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° state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
-
° prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operational
existence.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information on the congregation's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
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their behalf,
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Date :
S¢ Columba Church of Scotland Kilmaeolm Independent Examiner's Report to the Trustees of St Columba Church Page 7 Year ended 31 December 2023 report on Ihe a¢¢oiints of the Charity for the year ended 31 December 2023 which are set out on pages 8 to 17. Respective responsibilities of ¢rustee5 and examiner The Charity's Trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Ti'uslee Investment (Scoiland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The Charity Trustees consider that the aiidit requirement of Regiilalion l O( l ) (a) lo (c) of the Accounts Regulations does not apply. It is my responsibility to examine the a¢counts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention. Basis of independent examiner's statement My examination is carried out in accordance with Regulation I l of the Charities Accounts (Scotland) Regulations 2006 (as amended). An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any iinusual items or disclosures in the accounts. and seeks explanations from the trustees concerning any such mAtters. The procedui'es undertaken do not provide all the evidei)ce that would be required in an audit, and consequently I do not express an audit opinion on the vi¢w given by the accounts. Indepeiidoiit examiner's statement In the course of my examination, no matter has com¢ to my attention, which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts R¢gulations (as amended). or the accounts do not accord with such records, or to pi'epare accounts which accord with the accounting re¢ords and Gomply with Regulation 8 of the 2006 Accounts Regulations (as amended) have not been met. I have no concerns and have come across no other matters in connection with the examination to which attention should b¢ drawn in this report in ordei. to enable a proper understanding of the a¢¢ounts to be reached. Date: q_1 ut
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St Columba Church of Scotland Kilmacolm
Statement of Financial Activities Year ended 31 December 2023 Page 8
Unrestricted Unrestricted
Restricted Restricted
General Designated Funds General Designated Funds
Fund Funds Total Funds Total Fund Funds Total Funds Total
Note 2023 2023 2023 2023 2023 2022 2022 2022 2022 2022
£ £ £ £ £ £ £ £ £ £
Income and endowments from:
Donations and legacies 1 61,929 - 61,929 - 61,929 73,100 - 73,100 - 73,100
Charitable activities 2 360 2,422 2,782 - 2,782 4,468 4,443 8,911 - 8,911
Other trading activities 3 14,809 - 14,809 - 14,809 23,435 - 23,435 - 23,435
Investments 4 - 1,419 1,419 33 1,452 - 696 696 - 696
Other 5 - - - - - - 13,545 13,545 - 13,545
Total Income 77,098 3,841 80,939 33 80,972 101,003 18,684 119,687 - 119,687
Expenditure on:
Raising funds - 572 572 - 572 - 572 572 - 572
Charitable activities 70,244 6,863 77,107 - 77,107 85,643 18,451 104,094 - 104,094
Total expenditure 6 70,244 7,435 77,679 - 77,679 85,643 19,023 104,666 - 104,666
Net income/(expenditure) before gains and losses
on investments 6,854 (3,594) 3,260 33 3,293 15,360 (339) 15,021 - 15,021
Net gains/(losses) on investments - 6,575 6,575 6,575 - (7,323) (7,323) - (7,323)
Net income (expenditure) 6,854 2,981 9,835 33 9,868 15,360 (7,662) 7,698 - 7,698
Transfers between funds (6,854) 6,854 - - - (15,360) 15,360 - - -
Net movement in funds - 9,835 9,835 33 9,868 - 7,698 7,698 - 7,698
Total funds brought forward - 390,273 390,273 1,969 392,242 - 382,575 382,575 1,969 384,544
Total funds carried forward - 400,108 400,108 2,002 402,110 - 390,273 390,273 1,969 392,242
There may be minor discrepancies in totals as pence are not being shown
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|St Columba Church|of Scotland|Kilmacolm|||||||||||||||
|Statement|of Financial|Position|As|at 31|December 2023|||||Page|9|
|Fixed%|Assets|||OO|tTNotea|£|||OO|£|i||||rs£|rs|'Theaaccountsawere| approved byas the||Trusteesion|ai|Le||—|
|Tangible Fixed assets|||9a|275,000|||275,000|L 7|fo|2|
|Investments|||10|||84,219|||78,001|||||
|tt oe|a|;|——|
|||~||359,219|||||353,001|||
|Debtors|and|prepayments|2435|3806|:|
|Bank and cash|||||43,055|||36,791|||
|TO 7|a a—|||,|||ij|eel)|as|aaa|~|aaa|||a|
|Falling due within one year|||12|||(2,599)|||(1,357)|||
|Net Current|Assets|42,891|||(39,241|
|Net Assets|||402,110|||392,242|
|Unrestricteda Fundsee||wp|400,108|————390,274eee||oP||||ee|||
|||||||||||||||||||
|Total|Charity Funds|—|15|~~|402,110|||392,242|||||||
|ee|—H|fp|A|| _||anal|Sees eee ee|Lo|4|
|There|may be|minor|discrepancies|in|totals|as pence|are|not being shown|
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St Columba Church of Scotland Kilmacolm
Notes to the Financial Statements Year ended 31 December 2023 Page 10
Accounting Policies
The principal accounting policies, which have been applied consistently in the current and preceding year in dealing with items which are considered material to the accounts, are set out below.
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities accounts (Scotland) Regulations 2006 (as amended).
Fund accounting
Funds are classified as either restricted funds or unrestricted funds defined as follows.
Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider objects of the Charity.
Unrestricted (and designated) funds are expendable at the discretion of the Trustees in furtherance of the objects of the Charity. If parts of the unrestricted funds are earmarked at the discretion of the Trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the Trustees' discretion to apply the fund.
Incoming resources
Income is recognised when the Charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Donated services and facilities
Donated professional services and donated facilities are recognised as income when the Charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the Charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS102) the general volunteer time of congregation members is not recognised.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the Charity which is the amount the Charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised as expenditure in the period of receipt.
St Columba Church of Scotland Kilmacolm
Notes to the Financial Statements Year ended 31 December 2023 Page 11
Accounting Policies (continued)
Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the Bank.
Fixed Assets
The Charity has the right to occupy and use for its charitable objects certain tangible fixed assets including the Church, halls and manse. No consideration is payable for the use of these assets. Expenditure incurred on the repair and maintenance of these assets is charged as resources expended in the Statement of Financial Activities in the period in which the liability arises.
Investments
Fixed asset investments are stated at market value at the balance sheet date. Unrealised gains and losses represent the difference between the market value at the beginning and end of the financial year or, if purchased in the year, the difference between cost and market value at the end of the year. Realised gains and losses represent the difference between the proceeds on disposal and the market value at the start of the year or cost if purchased during the year.
Taxation
St Columba Church Kilmacolm is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities. The Charity is not registered for VAT and resources expended therefore include irrecoverable input VAT.
Going Concern
The trustees regularly review the financial information and projected income and expenditure and has concluded that the present arrangements in place are adequate for the Church to meet its liabilities as they fall due for the foreseeable future. Accordingly, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.
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St Columba Church of Scotland Kilmacolm
Notes to the Financial Statements Year ended 31 December 2023 Page 12
Des Res
General Designated Unrestricted Restricted General Designated Unrestricted Restricted
Fund Funds Total Funds Total Fund Funds Total Funds Total
2023 2023 2023 2023 2023 2022 2022 2022 2022 2022
£ £ £ £ £ £ £ £ £ £
1 Donations and legacies
- - - -
Offerings 49,053 49,053 49,053 57,693 57,693 57,693
Tax recovered on Gift Aid 12,076 - 12,076 - 12,076 14,407 - 14,407 - 14,407
From Congregational organisations 800 - 800 - 800 1,000 - 1,000 - 1,000
61,929 - 61,929 - 61,929 73,100 - 73,100 - 73,100
2 Income from charitable activities
Weddings and Funerals 300 - 300 - 300 550 - 550 - 550
Miscellaneous income - 1,121 1,121 - 1,121 3,918 3,250 7,168 - 7,168
- - - -
Church Organisations' income 1,301 1,301 1,301 1,185 1,185 1,185
Fund raising 60 - 60 - 60 - 8 8 - 8
360 2,422 2,782 - 2,782 4,468 4,443 8,911 - 8,911
3 Income from other trading activities
Rent received 14,809 - 14,809 - 14,809 23,435 - 23,435 - 23,435
14,809 - 14,809 - 14,809 23,435 - 23,435 - 23,435
4 Investment income
Dividends received - 833 833 - 833 - 609 609 - 609
Bank interest - 586 586 33 619 - 87 87 - 87
Unrealised gain - 6,575 6,575 - 6,575 - - - - -
- 7,994 7,994 33 8,027 - 696 696 - 696
5 Other income - - - - - - - - - -
- - - -
Legacy 13,545 13,545 13,545
Totals 77,098 10,416 87,514 33 87,547 101,003 18,684 119,687 - 119,687
There may be minor discrepancies in totals as pence are not being shown
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St Columba Church of Scotland Kilmacolm
Notes to the Financial Statements Year ended 31 December 2023 Page 13
General Designated Unrestricted Restricted General Designated Unrestricted Restricted
Fund Funds Total Funds Total Fund Funds Total Funds Total
2023 2023 2023 2023 2023 2022 2022 2022 2022 2022
6 Analysis of Resources Expended £ £ £ £ £ £ £ £ £ £
Raising Funds
Investment Manager’s Fees - 572 572 - 572 - 572 572 - 572
- 572 572 - 572 - 572 572 - 572
Charitable Activities
Ministries and Mission Allocation 33,144 - 33,144 - 33,144 44,910 - 44,910 - 44,910
Presbytery Dues 739 - 739 - 739 657 - 657 - 657
Pulpit Supply 3,050 - 3,050 - 3,050 305 - 305 - 305
- - - -
Locum's Salary 2,430 2,430 2,430 8,003 8,003 8,003
- - - -
Organist remuneration 2,400 2,400 2,400 2,202 2,202 2,202
Cleaner remuneration 2,288 - 2,288 - 2,288 2,154 - 2,154 - 2,154
- -
Fabric Repairs & Maintenance 3,546 3,546 3,546 8,114 17,959 26,073 26,073
- - - -
Heating & Lighting 6,819 6,819 6,819 4,717 4,717 4,717
Insurance 13,414 - 13,414 - 13,414 12,169 - 12,169 - 12,169
Church Office/Printing Expenses 852 - 852 - 852 1,004 - 1,004 - 1,004
Organ & Music 914 - 914 - 914 658 - 658 - 658
Other expenses/ Outreach 248 5,188 5,436 - 5,436 350 - 350 - 350
Church Organisations' Expenditure - 1,675 1,675 1,675 - 492 492 492
Examiner's fee 400 - 400 400 400 - 400 400
70,244 6,863 77,107 - 77,107 85,643 18,451 104,094 - 104,094
Total 70,244 7,435 77,679 - 77,679 85,643 19,023 104,666 - 104,666
Support costs have not been separately identified as the trustees consider there is only one charitable activity. Therefore support costs relate wholly to that activity. There may be
minor discrepancies in totals as pence are not being shown
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St Columba Church of Scotland Kilmacolm Notes to the Financial Statements
Year ended 31 December 2023
Page 14
7 Staff costs and numbers
The average number of employees during the year, calculated on the basis of a head count, was as follows:
| Music staff Cleaning staff |
2023 2022 1 1 1 1 2 2 |
|---|---|
All Church of Scotland congregations contribute to the National Stipend Fund which bears the costs of all ministers' stipends and employer's contributions for national insurance, pension and housing and 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 minimum stipend was £28,700 and the maximum stipend (in 5th and subsequent years of service) was £35,269
8 Trustee Remuneration, Contributions and Related Party Transactions
During the year 3 trustees received reimbursement of expenses incurred of £430. In 2022 3 trustees received £882
No trustee or a person related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year.
Trustees gave offerings of £26,735, including tax recovered, in 2023
9 Tangible Fixed Assets
| gible Fixed Assets | Buildings |
|---|---|
| (Manse) | |
| Net Book Value | £ |
| As at 31 December 2022 | 275,000 |
| As at 31 December 2023 | 275,000 |
Fixtures, fittings and office equipment: Items purchased in the past have no value as they are now fully depreciated. It is the policy only to capitalise items over £5,000.
Church Buildings
The asset value of the Church buildings is not shown in the accounts. The trustees believe that it is not possible to place a market value on the buildings. The current rebuilding valuation of the church buildings and organ, for insurance purposes, is £29,575,201 (2022 : £26,289,067) , manse £428,848 (2022 : £381,198) and contents of hall and church £227,305 (2022 : £206,640).
Manse
No depreciation is provided for the manse as it is the opinion of the trustees that the residual value is greater than the book value.
There may be minor discrepancies in totals as pence are not being shown
St Columba Church of Scotland Kilmacolm
| St Columba Church of Scotland Kilmacolm | St Columba Church of Scotland Kilmacolm | ||||
|---|---|---|---|---|---|
| Notes to the Financial Statements | Year ended 31 December 2023 | Page 15 | |||
| 10 | Investments | 2023 | 2022 | ||
| £ | £ | ||||
| Market value at 31 December 2022 | (Market value at 31 Dec 2021) | 78,001 | 85,530 | ||
| Disposal of investment at value | (357) | (334) | |||
| Unrealised gain/(loss) on investments | 6,575 | (7,195) | |||
| Market value at 31 December 2023 ( Market value at 31 December | 2022) | 84,219 | 78,001 | ||
| Investments at cost | 56,822 £ |
57,047 £ |
The following investments are held:
4,600 Lloyds Banking Group Ord
65,551.7931 Evelyn Growth Portfolio Clean GBP
11 Debtors
| Gift Aid Tax Refund Due Other |
2023 2022 £ £ 864 1,075 1,571 2,731 2,435 3,806 |
|---|---|
| 12 Creditors Accruals |
2023 2022 £ £ 2,599 1,357 2,599 1,357 |
|---|---|
13 Analysis of Net Assets Among Funds
| Fixed Assets Investments Current Assets Current Liabilities Net assets at 31 December 2023 |
General Designated Restricted Total £ £ £ £ - 275,000 - 275,000 - 84,219 - 84,219 - 43,489 2,001 45,490 (2,599) - (2,599) - 400,109 2,001 402,110 |
|---|---|
There may be minor discrepancies in totals as pence are not being shown
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St Columba Church of Scotland Kilmacolm
Notes to the Financial Statements Year ended 31 December 2023 Page 16
14 Volunteers
In common with all congregations of the Church of Scotland, the congregation benefits from the contribution made by
volunteers, who give their time and talents willingly for the benefit of the Church. The areas of congregational life which
rely on the contribution of volunteers are many and varied and much of the activity would be unable to continue were it not
for the commitment shown. Purposes of Restricted Funds
15 Movements in Funds Gain
At 1 Jan Incoming Outgoing on Sales & At 31 Dec
2023 Resources Resources Revaluation Transfers 2023
£ £ £ £ £ £
Restricted funds
Benevolent Fund : This is a fund to assist those in need in
the community and is under the control of the Minister,
Benevolent Fund 585 8 - - - 593 Session Clerk and Clerk to the Board.
Flower Fund : This is a fund to provide flowers for display
Flower Fund 1,383 25 - - - 1,408 during services of worship.
1,968 33 - - - 2,001
Unrestricted funds Purposes of Designated Funds
Fabric Fund : The Trustees have set aside funds for the
Designated: Fabric Fund 23,566 1,334 (86) 986 6,854 32,654 maintenance of the church property.
Manse Fund : This fund holds the value of the Manse, as
Designated: Manse Fund 275,000 - - - - 275,000 determined by the Trustees.
Sunday School Fund : This fund holds the balance of
Designated: Sunday School Fund 707 - - - - 707 income of the Sunday School.
Wednesday Break: This fund holds the balance of income
Designated: Wednesday Break 735 1,301 (1,675) - - 361 of the Wednesday Break.
Mixed Badminton: This fund holds the balance of income
Designated: Mixed Badminton 1 - - - - 1 of the Mixed Badminton.
General Fund - 77,098 (70,244) - (6,854) -
Miss Cissie Laird Fund 83,372 1,206 (5,674) 5,589 - 84,493
Dr Laird Fund 6,894 - - 6,894
-
390,275 80,939 (77,679) 6,575 400,110
Total funds 392,243 80,972 (77,679) 6,575 - 402,111
There may be minor discrepancies in totals as pence are not being shown
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St Columba Church of Scotland Kilmacolm Notes to the Financial Statements
Year ended 31 December 2023
Page 17
16 Collections for Third Parties
| Erskine Hospital Port Glasgow Foodbank Comfort International Christian Aid The Haven Ardgowan Hospice Ukraine Appeal Campbell Snowden Crossreach Totals |
2023 2022 £ £ 247 498 317 291 764 153 392 0 108 0 440 0 0 415 0 176 0 155 2268 1688 |
|---|---|
There may be minor discrepancies in totals as pence are not being shown