CHARITY NUMBER: SC008121 KILMORACK & ERCHLESS CHURCH OF SCOTLAND UNAUDITED FINANCIAL STATEMENTS 31 DECEMBER 2024
KILMORACK & ERCHLESS CHURCH OF SCOTLAND TRUSTEES ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 The Iruslees present their report 8nd the unauditgd financial statements of the charity for the year eTrJed 31 December 2024. REFERENCE AND ADMINISTRATIVE DETAILS R•glst•r•d charlty nam• Kllmor8ck & Erchless Church of Scolland Charlty r•glstratlon numb•r SC008121 Congrngatlonal nurnb•r 372139 Prlnclpal addr•4• 16A Ballrfeary Road Inv8rn$ss IV3 5PJ Mernbern of thFJ Klrk Stss¥Son Congrègatlonal Board During the period, the Congregational Board was mado up of all tha mombers ol the Kirk Sèsslon plus the folloIng members". Mlnlst•r Int•rlm Modvrator Sa$sSon Clork Clerk to Ihe Board Church Tr•asur•r Ind•pendent Examln•r MacKanzie Kerr Limrtad 19 Culduthel Road Invernts8S IV2 4AA Banker¥ Bank ol Scotland The Mound Edinburgh EH1 1YZ
KILMORACK & ERCHLESS CHURCH OF SCOTLAND TRUSTEES ANNUAL REPORT f¢ontlnued) YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Gov•rnlng Do¢um•nt The Church Is adminisl8fed In 8ccord8nce wlth the terms of the Dèed of Constllution. Rocrultm•nt and Appolntm•nt of Tru8t••s Members of th8 Kirk Session and the Con9r8g811onal Board are the Charlty Trustees. The Klrk Sgdslon member5 are the elders of the church and Bre chosen from those members ol Ihg church who are consldered lo have the appropriate gifts and skills. The minister, who is a member of tha Kirk Sesbion, Is elected by the congregallon and inductod by Presbytèry. The Congregational Board is appolnlod from within the congregation and members of the congregation are Invited lo nominate indlvlduals who are believed to havg th8 skills and commblmenl lo contribute lo Ihg management affairs of the Church, lo bowme mgmbers ol the Board. Board members are then appointed al th8 Staled Annu81 MeBllng and s8tve lor a period of Ihrfjg yoars after which they musl seek r8-8leclion al the next Slated Annual Moeling. Org•nlsitlonal Structur• The Congregational Board Is chalr8d by the minlsterllnlertm moderator and meels Soveral limas in year. Certain responsibllilles are dolagoled lo tho Fin8ne8 Commltt&8 and Propety Committ•8 as appropriate, The Kirk Se88ion which moel$ Several Ilmes a yoar is responslble lor splrttual affairs within the church. OBJECTIVES AND ACTIVITIES The Church of Scotland is Trlnllarl8n In doctrlne. Reformed in Iradlllon 8nd PresbyterI8n In pouty. 11 exists 10 9lorlfy God 8nd lo work for the advancement of Christ's Kingdom throughout the world. As a National Church il acknowledges dlslincllv8 call and a duty to bring the ordinances ol religion to th8 people In every parish of Scotland through a territorial ministry. 11 COvoperal8s wllh other churches In varl)us ecumenlc81 bodles In Scotland and bgyond. The prSncSp81 obleclivo ol Kblmorack and Erchles8 Padsh Church 1$ to uphold Christlan worsh*) and witne$$. Regular worshlp servi5 are provlded every Sunday In Beauly through tha minlslry ol Word and Sacramanl. The congr8gatSon organlse perlodlc soclal and fund raising ovents whare anyonè In the community wlll flnd a w8rm wolcom8. The congrggation seeks to support community life and In the past year made the church hall available lo various community OTganisations including Brownies, Babyzone and Beauly Toddler Group, Poauly Carers Lunch Club. Highland Dance Groups and Sewing Bee. The Mlnlsler was Ch8plaln lo 888uly and Teanassle Prfmary Schools. The Minister responded lo requests lo conduct funer818, marriages and baptisms throughout th• y88r. ACHIEVEMENTS AND PERFORMANCE All of our buildings are well maintained so that they are fil for th8 purpose for which they are in The rolling maintenanco programme is currently on hold as directed by the Presbytery. nded.
KILMORACK & ERCHLESS CHURCH OF SCOTLAND TRUSTEES ANNUAL REPORT (contlnuedj YEAR ENDED 31 DECEMBER 2024 ACHIEVEMENTS AND PERFORMANCE CONTINUED In these ways. Kilmorack and Erchless Parish Church. as part ol the Nats"onal Church. seeks to minlste to the spiritual and practi1 needs of the people who live in the parish. FUTURE EVENTS The final service was held in Struy Church on 31 December 2023. The Property was pul up for sale and on 31 January 2025 was sold, with net prijceeds of £68,287. FINANCIAL REVIEW The principal source ol income is from the offerings given al Sunday services i.e. Open Plate and Free Will Offering envelopes. A large proportwjn of these are Gfft donations on which tax 15 reclaimed. The income from these sourc8s decrgasod from £32,679 10 £26.527, a decrease of 19%. There •re number of individuals who give lo the church monthly by direct debr( which has resulted in a strady income stream in the year even when there were not aVayS services held in th8 churcfJ. The total income decreased from £46.630 to £43.218. a dease of 7%. The total payments incr8ased from £53.151 to £63.550. an Increase of 20%. Only essenlial tsb¥ic repairs were undertaken during the year atthough these did irbcrease from £10.769 10 £13.428, to essential works. At the year end total fvnds were £122.703 (2023 - £143.035). of which £18.54812023 - £17.627lwere restricted. R•s•r¥•8 Pollcy 11 is the Trustees. policy to hold r8serv8s of cash in the General Fund of approximately £10.000 1.8. 2 10 3 months expendrture. Designatod funds are unreslricted fvnds which have been designated by th8 trustees to cover spacffic projects. Re$tn"cted furHls are fvnds received that are required to be usod for specffic purpose. We have the following properb.es within the Parish to mainlain.. Beauly Church lovar 100 years old) Church Manse Church Hall There is a restricted rling programme of maintenance for the manse as wo11 as essgntial fabric upkeep for all the properties. The Church also hokl$ £18.548 of Restricted Fund5 which are for the purposes specified in Note 4.
KILMORACK & ERCHLESS CHURCH OF SCOTLAND TRUSTEES ANNUAL REPORT {contlnu•d) YEAR ENDED 31 DECEMBER 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES The members of the Kwk Sessionlcongregatioftal Boar¢J musl wepare financial statements which give sufficient d8tsil lo enable an apPlatIOn of the transath.ons ol the Church during Ihè financial wr. The members of the Kirk S8ssionlCongregational 808rd 8r8 resKKJnsible for keeping proper accounting records which. on request. musl refiect the finarrial kx)silion of the Church at that time. This must b8 done lo ensure that the financral siatements comply with tho Charrties and Trustee Inveslmenl IS¢ollandl Act 21X)5. the Charrtie5 Accounts IScoVandl RogulatJon$ 2006 and Ihe R¢gulatsons Anent Congiegalional Finance approved by the General Assembty of the Church of Stland in 2007. They are also Sponsible for safeguarding the assets of the Church and must lakè r8asonabk slops fc* the pr8venlion andlor detection of fraud and olher irregulantses. INDEPENDEPff EXAMINER as been appoinled irKlèpèndent exanmner for the ensuiffj year.
KILMORACK & ERCHLESS CHURCH OF SCOTLAND INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF KILMORACK & ERCHLESS CHURCH OF SCOTLAND YEAR ENDED 31 DECEMBER 2024 I r8POrt on the a¢UnIS ol Ihe charity for the year ended 31 Dgcgmb8r 2024. To the full8st extent parmitted by law, l (Jo not acc8Pt or assLtme responsibility lo anyone other than Iho chority and the charity's board ol trustees. as a body. for my work or for this report. R•spKUv• responslbllltlo5 of trustM8 and •xamln•r The charity's Iruslees are responslbla for the prep8ralion of the account$ in accordance wllh the tS ol the Charities and Trustee Investment (Scollandl Act 2005 and the Charilk?s Accounts IScoii•ndl Regulations 2006. The charity trustees consider that th8 audit requirement of Regulabon 1011 Ildl of the Accounts Regulations do8$ nol apply. 11 is my r8sponslblllty to examln8 the accounts as required under section 44111{cl of the Act and lo slate whether particular matters have come to my attentio•. Ba818 of Ind•p•nd•nt èxmln•rfi •tat•m•nt My examination is carried out in accordan¢e with Regulatson 11 of the Charitie8 Accounts IScotl•ndl RggujallcS 2006. An examinalion Includes a revigw of tho accounling records kept by the charity and a comparison of the accounts presented with Iho$g r8cords. 11 also Includes considèration of any unusual ilems or disc105ur85 in the accounts and s8oks èxplanations from the Iruslees oxJn¢¢ming any such matters. The procedures und8rtak&n do not provld8 all the evidence that would be required #i an audrt. and consequently I do not express an auUIl opinion on the accounts. Ind8pgnd8nt examlner's statement In the course of my examinalion, no matter has como lo my attontion 1. which givos m8 ro88onablo cause to balleve that in any matadal respect the requirement. to kp accountin9 records in aceordance wlth Section 44{11{al of the 2005 Act and Regulation 4 of the 2006 Accounts Regul8llon$, 8nd lo prgpar& accounts whlth accord with the accounting records and compty with Regu18tion 9 of the 2006 Accounts Regulatsons havg not b88n mg1, Of 2. to which. in my opinlon. ottentn should be drawn in order to enable a proper understanding ol Ihe accounts to b8 r8ach8d. MecKenzie Kerr Limited Redwood 19 Culdulhel Road Inverness IV2 SAA Dale.. Il iq>Lr
KILMORACK & ERCHLESS CHURCH OF SCOTLAND RECEIPTS & PAYMENTS ACCOUNT YEAR ENDED 31 DECEMBER 2024 Unrestricted Deswjnaled Unrestrth Restricled Funds Funds Total Funds Total 2024 Total 2023 Recei ts See Note 2 Donations Fundraising Events Dividends Received Bank & Deposit Interest 27.755 $36 28.291 28,291 35.154 134 2,446 7.475 1.958 7.227 1.958 10,763 1,958 11.684 3.536 921 4,072 41,012 921 41,933 45,209 Rental of Premises 1,285 1.285 1.285 1.421 TOTAL RECEIPTS 38,225 4,072 42.297 921 43,218 46.630 Pa ents See Note 3 Charitsble Activiéies 63.181 369 63.550 63.550 53.151 TOTAL PAYMENTS 63,181 369 63.550 63,550 53.151 Exc8sslDeficil for the year before transfers 124.956) 3,703 {21.253) 921 20.332) 16.5211 Transfers Excess of Receipts over Payments for the year 24.956 3,703 21.253 921 20.332 6.521
KILMORACK & ERCHLESS CHURCH OF SCOTLAND STATEMENT OF BALANCES YEAR ENDED 310ECEM8ER 2024 Unrestrict&J Rèstn"ct8d Fund$ Total Funds 2024 Total 2024 023 Bank & Depo•lt 8alanc At 1 January 2024 125,408 17.627 143.035 149.556 Excess of rtceipls over payments for 21.253 921 20.332 6,521 At 31 D•¢•mb•r 2024 104.155 18.548 122.703 143.035 Investm•nts 24 023 Consolldatgd Fabric FuThJ Capital Account- Mafkel Value Consolidated Fabric Fund Capital Account11 . Market Value 158.905 155.112 The accounts Te approved by the lQrk Session and Congfogatsonal Board on 4 March 2025 For and on behaff of the Kirk So$sn and Congrggalio Charty number.. SC008121
KILMORACK & ERCHLESS CHURCH OF SCOTLAND NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2024 1 ACCOUNTING POLICIES Bails of pr•par•tlon The Accounts are prepared on a cash basls. Horltable property Heritable propèrties, consistsng of the Churches, Halls and Manse are not recorded in the accounts. The Tiue Degds arg held by the Church of Scotland General Twstees. Ropalrs and malnton4n¢• Normal fabric repairs and maintenance are charged lo the Gen&ral Fund. Mlnlst•rfs stlp•nd AJI Church of Scotland congiegations contribute lo the National Stipend Fund which b88rs th8 cost of all ministers. stspend8 and 8mployers' ContribitnS for natsonal insurance, pension. housing and loan fund. Ministers, stipends are paid in accordance with the natsonal 51ipend scale whlch is r8latod to yeais of service.
KILMORACK & ERCHLESS CHURCH OF SCOTLAND NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2024 2 ANALYSIS OF RECEIPTS Unrestricted Desvjnated Ursreslricted Rèslricled Funds Funds Total Funds 024 024 024 Total Total 024 02 R&ceS Is F.W O, Inon-Glft aldl Gift aid givings Tax i&covered on Glft ald Open plate Weddings/Funerals Donations 9.005 16,723 9,005 16,723 9,005 16.723 9,528 17.695 263 482 1,282 536 799 482 1,282 799 482 1,282 5,456 1,065 1,410 Tol81 27,755 536 28,291 28.291 35,154 Fundralsing gvenls 134 Bank & depo911 Inloresl Dlvidends racelved 7,227 1.958 3,536 10.763 1.958 921 11,684 1,958 7,475 2.446 Rental ol premlsgs 1.285 1,285 1,285 1,421 TOTAL RECEIPTS 38,225 4,072 42,297 921 43,218 46,630
KILMORACK & ERCHLESS CHURCH OF SCOTLAND, NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2024 3 ANALYSIS OF PAYMENTS Unr8slri¢t8d Designated Unreslricled Restricted Funds Funds Totsl Total 2024 2024 2024 Total Total 2024 2C123 National Minisl & Mission & Wider Work National Stipend Fund Allocation Less: Endowment income Les5: Glebe rent Less:_ Presbytery alk)wance Presbytery du8s 25,925 25,925 25,92 25.814 570 26.384 25,925 25,925 25.92 Local Staffin Costs Travel expenses Telephone Pulpit suppty 1,266 430 1,860 3.556 1,266 430 1,860 3.556 1.266 431 1,860 3,55 1.489 516 932 2.937 Buildin Costs Fabric rèpairs & malnlen8nce Heat and light Insurance Manse - Councll Tax 13,428 10,777 3.025 2,538 29.768 13,428 10,777 3,025 2,538 29,768 13.428 10.777 3.02$ 2,53 29.76 10,769 4,662 2,859 2,479 20,769 Other Local Co315 Stslionery Music licen¢e So¢k81 evgnts Computgr Printing costs Cleaning Donations Life & work Accountan Fees Flowers 36 510 517 36 510 517 184 510 517 483 441 85 1,119 1,119 1.119 660 126 126 124 840 60¢ 36 4.30 252 780 140 220 3.061 600 600 369 4.301 369 369 3.932 TOTAL EXPENDITURE 63,181 369 63,550 63,55 53.151 10
KILMORACK & ERCHLESS CHURCH OF SCOTLAND NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2024 4 MOVEhlENT IN FUNDS At1Jan 2024 IncomKig Outgoing Transfers Al 31 Oec 2024 Unrostrfctsd Funds General Fund 56.887 38,225 163,181) 31.931 Dollgnatgd Fund¥ Flower Fund 261 536 {3691 428 Craft Group 633 633 Bgauly Sunday School c.ol S.. Deposi¢ Fund - G8n.AlC 61.909 3.237 65.146 c.of S.- Dèposit Fund- Fab.AJC 5.713 299 6.012 Totsl 125,408 42.297 63.550 104.155 R•8trlct•d Funds C8nnich Church 52 54 - Sunday School 860 45 905 - Beauly coThJregation 16,715 874 17.589 Total 17,627 921 18,548 TOTAL FUNDS 143.035 43,218 63,550 122,7Q3 Pu ose5 01 De51 nated Funds Flower Fund - This fund is to provide flower5 for display and enhancg Ihg S8rvic8s of %WTship in Beauly Craft GcoLbP - This group moèl for fellowship and io make items lor the comfort and 8njoyrn8nt of the Corlegalon Bgauly Sunday School - providès funds for the Christsan Education. Charitable giving on¢ social activiti8s und6rt2kon by tha young paople ol thè community c.ol S. DoposII Twst Fund - This fund 1$ suitablo for tha general and fabric accounts giving a hl9her ralo 01 interest than the banks accounts Pur oses ol Restricted Fund5 - to be used for the mainlanance ol Cannith Church only Iresidual intor8st in account on lo be used for Sunday School expenses - cours9 botsks. prizas 8lc. - lo be used for the benefrt of Beauly congrog8tion
KILMORACK & ERCHLESS CHURCH OF SCOTLAND NOTES TO THE ACCOUNTS YEAR ENOED 310ECEMBER 2024 S TRUSTEE REMUNERATION AND EXPENSES No romunerallon was pald durlng tho year lo any charity Iwslge. During the year £287. r8 rèimbursed expensos lolalllng 6 SALE OF STRUY CHURCH . POST YEAR END On 31 January 2025 the Church al Stwy was sold The property was vested In the General Trusteos of tha Church ol Scotland. The net proceeds after costs was £68.287 and IhS5 amount will be held in a Consolidatèd Fabrie Fund. on behalf of tho Parlsh. by the General Trust88s. This lund18 shown on page 7 of Ihosg Accounts.