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2024-12-31-accounts

The Church of Scotland

Congregation No. 301836 Scottish Charity No. SC 008630

Brechin & Farnell Parish Church

ACCOUNTS FOR THE YEAR TO

31[ST] DECEMBER 2024

Trustees’ Report: Brechin & Farnell Parish Church

Reference and Administrative Information

Charity Name Charity Registration No. SC 008630 Congregational Reference No. 301836 Contact Address Church Office 49a Southesk Street Brechin Angus DD9 6AW

Brechin and Farnell Parish Church

Trustees Minister Interim Moderator Kirk Session Members

Page 3

Principal Office Bearers

Minister: Interim Moderator Session Clerks Treasurer

Independent Examiner

Bankers

Bank of Scotland, 31 High Street Montrose, Angus DD10 8LT Royal Bank of Scotland, Brothock Bridge Arbroath, Angus, DD11 1NP until 11 April 24

--------------------------- --------------------------

Brechin and Farnell Parish Church Trustees’ Report Year ended 31 December 2024

The trustees present their annual report and financial statements of the charity for the year ended 31 December 2024

Structure, Governance and Management

Governing Document

The Church is administered in accordance with the terms of a Unitary Constitution.

Recruitment and Appointment of Trustees

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 minister, who is a member of the Kirk Session, is elected by the congregation and inducted by Presbytery.

Organizational Structure

The Kirk Session is responsible for all the affairs of the church, spiritual and temporal and is chaired by the minister or, when appointed, an interim moderator and meets approximately eight times a year. Certain responsibilities are delegated to a variety of small groups (of members as well as elders) who report to the Kirk Session. These include statutory teams (Finance, Property and PVG) and developmental and executive groups based on the two worship centres at Farnell and Brechin. This includes pro tem teams who help organize special events. Our aim is that everyone can offer the gifts they have in service and to draw in folk who serve in many different ways.

Objectives and Activities

The Church of Scotland exists to worship God and to journey together, deepening our faith in working for Christ’s Kingdom throughout the world. As a national Church, we acknowledge a distinct call and duty to bring the Good News of Christ to the people in every Parish of Scotland through a territorial ministry. The Church of Scotland is Trinitarian in our doctrine, Reformed in our tradition and Presbyterian in our polity. We co-operate with other Churches in various ecumenical bodies in Scotland and beyond.

Page 4

The united Kirk Session, bringing together elders from the two worship centres at Brechin and Farnell following the recent union, is in the process of developing a strategic plan to guide our work over the next decade. The strategic plan is expected to cover;

work in each of these areas has already begun.

Worship: Our worship services are normally held every Sunday at 9.30am in Farnell and 11am in Brechin. Brechin Gardner Memorial has a valuable outreach facility regularly streaming services via YouTube and attracting a further 25-30 participants. Each service at both worship centres is followed by tea and coffee providing a valued and valuable socialising extension to Sunday worship.

Presbytery: The united congregation is represented at Perth Presbytery by an elder elected by the Kirk Session and by one freely elected elder.c

Renewal Projects:

The Kirk Session is in the process of reassessing its project priorities following a total expenditure to date of £23,393 (2023-24) on the Manse.

Financial Review

Income & Expenditure: Total receipts were £118.112 (£94,053) of which £30,304 (£10,992) were transferred from the congregations holding in the General Trustees Central Fabric Fund, £67348 (£62,733) was from weekly offerings and donations, £2,000 (none) from legacies, £7,201 (£7,471) was from general fund raising, £4,661 (£4,150) was investment income and none (£4,579) was Manse rental income. Planned giving through Gift Aid donations was £37,857 (£37,270) whilst Non-Gift Aid Weekly Freewill Offering donations was £7,201 (£7,567) and Ordinary Offerings (Open Plate) were £8,857 (£5,009). Tax recovered on Gift Aid was £11,720 (£12,567) along with other donations of £685 (£320). Whilst congregational support during the vacancy was stable, there was a 9% increase in giving of £54,599 (£50,166), excluding tax recovered on Gift Aid, following the appointment of our new minister. Overall, Net Expenditure, was £117,052 (£101,554) excluding the Purchase of Assets and Investments £Nil (£Nil).

Excess of Receipts over Expenditure being therefore £3,003 (-£7,502).

Adding funds brought forward at the beginning of the year, the balance carried forward at 31[st] December 2023 in the Fabric account was £1,949 (£845) in anticipation of ongoing maintenance and repair expenditure next year. The combined total of unrestricted General and Reserve accounts decreased to £5093 (£4.524).

Investment Policy

It is our policy to invest funds with the Church of Scotland Investors Trust and to move them between the Trust’s Deposit, Growth and Income Funds as circumstances dictate.

We currently hold local bank balances of £25,972 (£23,768) and investments worth £206,445 (£189,359) together with Consolidated Fabric Fund Revenue balance of £2,531 (£26,297) and Capital (II) investments of market value £94,654 (£86,494) Growth Fund units; £34,032 (£33,724) Income Fund Units and £32,039 in Deposit Funds, making a net worth of £395,671 (£391,681) at the year end.

Reserves Policy

The charity trustees have considered the reserves required and have taken into account their current and future liabilities. It is the Trustees’ policy, where possible, to maintain an unrestricted working balance between the General and Reserve accounts of at least two month’s payments (approximately £10,000), and £2,000 in the

Page 5

Faiyic acco￿1 to cover wrf(Yeseen expathture th# may ￿se frmi to trne. UTrforturA¥dy. m4tnityiwKe of these policies has Froved u￿re￿nglY thfficuli to xhieve dun'n8 the y¢2r with ao aver8ge inc(rfne of £6.507 £4.546 Balances in the Ixhex wtyertnLtrd firml School) ts) £1.148 (£1.4￿￿ with £7.415 (£2.W) in the rc5tncted Renewal account follow￿ Th¥0 twtscularly donatio1￿ arnj £1.888 (£1,894) remainin8 Ihe Poor Fund £8.480 (£1197) m the varii)us E￿¢TrI FWMI Tr¥$ttts' ReJponsibilities Thc members of the kwk SessA(n mud trepare ststerncnts Mthich give sthTiciert drt•il to enable an aFveciatsm of the transxtiims of the Chwch dwth8 the f￿ancIal year. The memkn of the kJTk Sew( reswmsible keryKn8 proper acc(Am￿n8 re¢(Yd% whidl ¢JJ req￿ refi¢¢¢ th¢ fIn￿cial posits￿ of the Chwth * that tsme. This be to that the stemYrfS comply wrth the Chartt￿ T[u￿CeS Imtestrnent (Scrtland) Act ?(KJ5. the charli￿ A¢c(Wts (Scotland Regulats￿$ )CiK) the Regulations Anent cffigregatsIx￿ Finance approved by the (?eneTal A55embty of the Chwth of ScrtiDd in 007 They are also reSpl￿1b1c r(K $8fcguardir4¥ the &ssets of th¢ Clmwth Ind m￿1 take steps for pyeventson det¢curn o(fraud irre8ulanties Apwoved lry the Trustets ther ithAi£ D*. P4e6

Brecbin and Farnell Parish Church SC 008630 Report of Independent Examiner I report on the accounts of the charity for the year ended 31" De￿M￿r 2024 Respective responsibilities of trustees examiner The ch￿Ity's truste¢s are responsible for the pr¢￿Tation of the aeLounts in accoidance wtth the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charitses Accounls (Scotland) Regulations 2006 (as am¢nd¢d). The Charity's trustee5 consider tbat the atxlit requiTement of Regulation 10(] ) (a) to (c) of the Accounts Regulations does noÉ apply. It is m), responsibility to examine the accounts as required under section 44(1 } (c) of ihe Act and to state whether particular matters have come to my att¢ntion. Basis of independent examiner's ststement My examination is carried out in accordance with Regulalion 11 of the Clwities Accounts (Scotland) Regulations 2006. An examination inclth a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also iD¢ludes consideration of any unusual it¢ms or disclosures in accounts and seeks ¢xplanations from the tr￿5(￿5 concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and con5q￿]tEY I do nol express an audit opinion OD the vie1¥ gti'en by the accounts. Independent examiner's statement In the course of my examination, no matter has come lo my attention [otheT than disclosed below ] wbich gives me reasonable cause to believe thal in any materia] res￿ th¢ requirements.. to kecp accounting records in accordance with Section 44(1) (a) of the 21K)5 Act and Regulation 4 of the 2006 Ae£ounts Regulations (as amended). aDd to prepare accounts which accord with the accounting re¢ords and Lximply with Regulation 9 of th¢ 2006 Accounts Regulations (as amended) have noi been rneL or 2. to which, in my Opinio￿ attention should be drdwn in order to ¢nabl¢ a proper understanding of ihe accounts lo be reached. Date: Page 7

Brechin & Farnell Parish Church Receipts and Payments Account

Year ended 31 December 2024

Notes

Receipts
Offerings & Donations
Legacies
Activities for Generating Funds
Bank Interest
Investment income
Use of Premises
Rental income Glebe etc.
Sale of assets
Sale of investments
Grants & Rebates etc.
Receipts from GTs Con. Fab. Fnd.
3rd Party Contribut'ns-L&W etc.
3rd Party Collections
Total Receipts (Gross)
Less Contributions by Others
Less 3rd Party Collections
Total Receipts (Net)
Payments
Costs of Generating Funds
Charitable Activity Expenditure
Governance Costs
Purchase of Assets & Investments
Total Payments (Gross)
Less Contributions by Others
Less 3rd Party Collections
Total Payments (Net)
Excess of Receipts over Payments
for the year before transfers
Transfers
Excess of Receipts over Payments
for the year
3
4
4
4		 Unrestricted
Restricted
Endowment
Funds
Funds
Funds
Total
Total
2024
2024
2024
2024
2023
£
£
£
£
£
66,319
0
0
66,319
62,733
0
2,000
0
2,000
0
7,181
20
1,029
8,230
7,471
7
0
0
7
36
2,395
363
1,903
4,661
4,150
75,903
2,383
2,932
81,218
74,390
903
0
0
903
3,779
800
0
0
800
800
0
0
0
0
0
0
0
0
0
3,000
1,388
3,500
0
4,888
1,092
29,504
0
0
29,504
10,992
0
0
0
0
168
2,297
0
0
2,297
2,460
34,891
3,500
0
38,391
22,291
110,793
5,883
2,932
119,609
96,681
0
0
0
0
-168
-2,297
0
0
-2,297
-2,460
108,497
5,883
2,932
117,312
94,053
353
0
0
353
214
109,162
539
7,351
117,052
103,967
0
0
0
0
0
0
0
0
0
0
109,515
539
7,351
117,405
104,180
0
0
0
0
-168
-2,297
0
0
-2,297
-2,460
107,218
539
7,351
115,109
101,552
1,278
5,344
-4,419
2,203
-7,500
82
0
-82
0
0
1,360
5,344
-4,500
2,203
7,499

Rounding - See Note 8

Page 8

nt of Balance3 At31 Dec N•te UDreth¥itled Restiieted Ead•Thrynw¢ T•tsl fund$ Totsl BaDk&D B8nk & depostt bataG¢s bro￿11 toNwd ai l 2024 k2J80 23.768 3 1.269 Eic&55 of R¢cgiNs over Pavrn¢ws for the )'ear 2.204 -7.501 Bank. & d¢p(01 bal¥wJ¢es caTried fonvard at 31 2024 4190 23.768 Icosl £42.961) 107. 17.162 81293 2(kn.445 189,3)9 e8. Gift Aid R¢¢ek"vatde 876 eB. Cost of Yepts ￿ vet kn'll -221 570 1.791 11255 Rounthng- SeeNote 8 Approved by die Trllstees o and sig￿1 c4] th'r behair Page 9

.

Notes to the Accounts 2024

1 Trustee Remuneration and Related Party Transactions

Locum Costs £1,360
Minister, Interim Moderator & Locum received travel expenses £841
The net sum paid for the Manse Council Tax was £3,180
who is a member of the Kirk Session received £7,986
for providing her services as Church Administrator during the year

Rounding - See Note 8

2 Movements of Funds

(Held locally in Bank Accounts)

Unrestricted Funds
General Fund Account
Reserve Fund Account
Sub - Total
Fabric Fund Account
Sunday School Fund A/c
Guild Fund
Restricted Funds
Renewal Project Account
Poor Fund Account
Endowment Funds
General Purposes Trust A/c
Session Trust Account
J Dall Bursary Account
McCosh Bursary Account
Ferrier Hood Fund Account
Rev. Gardner's Trust
Total Funds*
(Held locally in Bank Accounts)		 01-Jan
31-Dec
2024
Receipts
Payments
Transfers
2024
£
£
£
£
£
4,149
75,798
86,323
8,954
2,579
375
1,049
0
1,090
2,514
4,525
76,847
86,323
10,044
5,092
845
31,347
20,359
-9,883
1,949
1,460
224
536
0
1,148
0
79
0
-79
0
6,830
108,497
107,218
82
8,190
2,065
5,790
439
0
7,415
1,894
93
100
0
1,888
3,959
5,883
539
0
9,303
6,321
1,737
6,459
40
1,639
1,226
300
443
0
1,083
2,764
405
450
0
2,719
887
32
0
0
919
1,781
338
0
0
2,119
0
122
0
-122
0
12,980
2,932
7,351
-82
8,479
23,768
117,312
115,109
-0
25,972

Rounding - See Note 8

Page 10

Purposes of Unrestricted Funds

General Fund is an account used for the everyday running of the Church Reserve Fund is an account used to support the General Fund Fabric Fund is an account used for the maintenance of Church property Sunday School account is used for general Sunday School expenditure Messy Church account was closed in January with remaining funds transferred to the Sunday School Account Guild Account is held on behalf of the Guild and is currently donated to the Church for general expenditure

Purposes of Restricted Funds

Poor Fund is an investment and associated bank account used to provide help for the needy of the community Renewal Project account is to prepare the Church for the future and renew its mission in the community

Purposes of Endowment Funds

General Purposes Trust is a collection of endowments providing income for general purposes

Session Trust is a collection of endowments (A&M Birnie & A S Grant) providing income for Session expenditure James Dall Bursary is an endowment providing income to assist Church of Scotland Ministry students McCosh Bursary is an endowment providing income to assist University students Ferrier Hood Fund is an endowment providing income for the Young Church Guild Trust Fund includes an endowment by Miss Roma Moffat providing income for the Guild Sunday School Trust is a collection of endowments providing income for the Sunday School Rev Gardner's Trust is an endowment providing income for payment of the Minister's stipend

General Purposes Trust Benefactors

Session Trust Benefactors

Sunday School Trust Benefactors

3
Analysis of Donations
Gift Aid Donations
WFO Scheme (Non Gift Aid)
Ordinary Offerings (Open Plate)
Other Offerings, Donations etc
Tax Recovered on Gift Aid Donations		 Unrestricted
Restricted
Endowment
Funds
Funds
Funds
Totals
Totals
2024
2024
2024
2024
2023
£
£
£
£
£
37,857
0
0
37,857
37,270
7,201
0
0
7,201
7,567
8,857
0
0
8,857
5,009
685
0
0
685
320
11,720
0
0
11,720
12,567
66,319
0
0
66,319
62,733

Excludes Special Collections for Third Parties - See Note 6 Excludes HLF/HES GPOW, DCMS LPOW, HMRC SBS & JRS & Grants

Rounding - See Note 8

Page 11

4 Analysis of Payments Funds Unrestricted Restricted Endowment Totals Totals
2024 2024 2024 2024 2023
Cost of generating funds £ £ £ £ £
Investment Managers' fees 0 0 0 0 0
WFO Envelopes & Stewardship Costs 353 0 0 353 214
353 0 0 353 214
Charitable activities
National Ministry & Mission and Wider Work
Giving to Grow 36,499 0 0 36,499 26,965
Presbytery dues 1,995 0 0 1,995 1,189
Minister / Locum Travel Exps etc. 1,417 0 0 1,417 880
Pulpit Supply 476 0 0 476 813
Locum 1,360 0 0 1,360 14,428
Other Salaries, Employers NI & Fees 15,974 0 0 15,974 15,980
Heating and Lighting 10,696 0 0 10,696 5,105
Insurance Church & Manse 9,205 0 0 9,205 8,784
Manse Council Tax 3,600 0 0 3,600 0
Grounds, Cleaning Mat'ls & Laundry 1,568 0 0 1,568 2,025
Church Office & Telephone Expenses 997 0 0 997 1,262
Life & Work 0 0 0 0 168
Printing & Advertising 1,320 0 0 1,320 419
Organ & Music 663 0 0 663 79
Miscellaneous Expenses 593 0 6,901 7,494 4,181
Fabric Repairs Churchs 9,268 0 0 9,268 2,291
Fabric Repairs Manse 9,447 0 0 9,447 13,946
Glebe 1,761 0 0 1,761 597
Parish Nursing / Anna Chaplincy 0 0 0 0 540
Poor Fund 0 100 0 100 526
Bursaries 0 0 450 450 0
Renewal Project 0 439 439 579
Third Party Collections 2,323 0 0 2,323 2,233
109,162 539 7,351 117,052 102,989
Governance Costs
Independent examiner's fees 0 0 0 0 0
Purchase of Assets / Investments
Purchase of assets 0 0 0 0 0
Purchase of investments 0 0 0 0 0
0 0 0 0 0

Excludes disburment of Special Collections for Third Parties - See Note 6 Rounding - See Note 8

Page 12

5 Ministers' Stipends

All Church of Scotland congregations contribute to the National Stipend Fund which bears the cost of all ministers' stipends and employer's contribution for national insurance, pension and housing and loan fund. Minsters' stipends are paid in accordance with the national stipend scale, which is related to years of service. For the year under review the minimum and maximum stipend were £31,642 and £38,884

6 Gardner Community Association SC 047375

The Gardner Community Association has a Management Board of Trustees some of whom are also Elders and Trustees of the Gardner Memorial Church

----- Start of picture text -----
7 Collection for Third Parties 2024 2023
£ £
Brechin Ukraine Support 526
Brechin Flood Appeal 227 570
Brechin (2), Ferryden & Friockheim Primary Schools 1400
Brechin - Royal British Legion 89 247
Christian Aid 206
DEC Turkish Earthquake Appeal 500
RSABI 174
Total Collections for Third Parties 2096 1843
----- End of picture text -----

Not included in Notes 3 and 4 Rounding - See Note 8

8 Rounding

All sums of 49p and below have been rounded down All sums of 50p and above have been rounded up

APPENDIX

FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES

CONSOLIDATED FABRIC FUND
Account No.
Consol. Fabric Fund - Rev
301836-50
Consol. Fabric Fund - Cap
301836-55
Consol. Fabric - Cap(II)
301836-56
Growth Fund
663018365
Income Fund
663018366
Deposit Fund
663018367
Capital + Revenue Accounts Market Value at 31st December		 2024
2023
£
Cost £
Market Value at 31 Dec
£2,531
£26,297
£0
50,365
£94,654
£86,494
26,581
£34,032
£33,724
32,039
£32,039
£32,039
108,985
£160,724
£152,257
£163,255
£178,554

Rounding - See Note 8

Page 13

Brechin & Farnell Parish Church

The Church of Scotland Investors Trust

Certificate of Investments Held at 31 December

Deposit Fund
Type
Reserve Fund
Unrestricted
Growth Fund
Type
Unit Price at 31 Dec - £ 6.38
Reserve Fund
Unrestricted
Fabric Fund
Unrestricted
Sunday School Trust Fund
Unrestricted
Renewal Fund
Restricted
Poor Fund
Restricted
General Purposes Trust Fund
Endowment
James Dall Bursary
Endowment
McCosh Bursary Fund
Endowment
Ferrier Hood Fund
Endowment
Rev Gardner Memorial Trust
Endowment
Income Fund
Type
Unit Price at 31 Dec - £ 11.06
Church of Scotland Guild
Unrestricted
Session Trust Fund
Endowment
Market Value of all Investments
Cost of all Investments
Unrestricted
Restricted
Endowment		 No of Units
2,000
No of Units
7,000
7,724
1,660
2,000
690
5,240
3,000
235
2,500
900
No of Units
132
500		 Cost
£
2,000
Cost
£
24,733
9,405
3,466
11,760
1,001
11,145
4,752
534
6,435
1,718
74,950
Cost
£
1,144
5,392
6,536
83,486
40,749
12,761
29,977		 Market
£
£2,000
Market
£
£44,660
£49,279
£10,591
£12,760
£4,402
£33,431
£19,140
£1,499
£15,950
£5,742
£197,455
Market
£
£1,460
£5,530
£6,990
£206,445
£107,990
£17,162
£81,293

Rounding - See Note 8

Page 14

Brechin & Farnell Parish Church

FORCAST FORCAST 2025 ACTUAL 2024
GENERAL FUND
INCOME
Offerings & Donations
Gift Aid Donations 38,500 37,857
WFO Scheme (non Gift Aid) 7,500 7,201
Ordinary Offerings (Open plate) 9,000 8,857
Other Offerings, Donations 700 685
Tax recovered on Gift Aid Donations 12,000 11,720
HMRC SBS & JRS Grants 0 0
67,700
66,319
Regular Fund Raising 800 722
Exceptional Fundraising 3,800 3,289
Weddings & Funerals 4,000 3,170
Use of Premises 1,000 903
Other Ordinary Income 200 108
9,800
8,191
Total Ordinary General Income 77,500
74,511
EXPENDITURE
Cost of Generating Funds
WFO & Stewardship 380 353
380
353
National Ministry and Mission & Wider Work
Giving to Grow 42,862 36,499
Presbytery Dues 2,000 1,995
44,862
38,494
Local Staffing Costs
Minister's Car & Telephone 1,500 1,417
Locum 0 1,360
Pulpit Supply 1,000 476
Other Salaries, National Insurance & Pensions 16,500 15,974
19,000
19,226
Buildings Costs
Heating & Lighting 12,000 10,469
Insurance 9,500 9,205
Manse Council Tax 3,600 3,600
Grounds, Cleaning Matl's & Laundry 750 738
25,850
24,012
Other Local Costs
Church Office & Telephone Costs 1,100 997
Printing & Postage 1,500 1,320
Organ & Music 100 79
Miscellaneous Expenses 1,500 1,314
4,200
3,710
Total Ordinary General Expenditure 94,292
85,796
GENERAL FUND SURPLUS / (DEFICIT) FOR THE YEAR -16,792
-11,285
FABRIC FUND
INCOME(Investments) 1,100 1,043
EXPENDITURE 18,715
Maintenance 1,100
Projects 25,000
-25,000
-17,672
FABRIC FUND SURPLUS / (DEFICIT) FOR YEAR

Page 15