## _**The Church of Scotland**_ **Congregation No. 301836** Scottish Charity No. SC 008630 ## _Brechin & Farnell Parish Church_ _ACCOUNTS FOR THE YEAR TO_ **31[ST] DECEMBER 2025** ## **Trustees’ Report: Brechin & Farnell Parish Church** ## **Reference and Administrative Information** Charity Name Brechin and Farnell Parish Church Charity Registration No. SC 008630 Congregational Reference No. 301836 Contact Address Church Office 49a Southesk Street Brechin Angus DD9 6AW ## **Trustees** Minister Rev. Adriaan van Tonder Kirk Session Members David Adams John Aitken Frances Angus Elizabeth Baillie Ann Banks Maureen Barclay Stephen Bell Dorothy Black Karen Brown Pamela Brown Kathy Calderwood Bruce Cessford - from 13 April 2025 Kay Cessford Martin Cessford Eddie Cheyne Morag Dale George Doig - from 13 April 2025 Heather Edwards Peter George Rosalind Grey - Alison Hair Lynn Hawke Elizabeth Kidd Maureen Leslie Sandra Longmuir Janice Low Mark Nash - from 13 April 2025 Alan O’Neill - from 13 April 2025 Fiona O’Neill Robin Palmer Isabelle Reid Mabel Smith Scott Valentine - from 13 April 2025 Page 3 ## **Principal Office Bearers** Minister: Rev. Adriaan van Tonder Session Clerk David Adams Treasurer Peter George **Independent Examiner** Barbara Bruce, Southend Cottage, Mains of Pitforthie Brechin, Angus DD9 7PF **Bankers** Bank of Scotland, Brothock Bridge Arbroath, Angus, DD11 1NH **--------------------------- --------------------------** ## **Brechin and Farnell Parish Church Trustees’ Report Year ended 31 December 2025** The trustees present their annual report and financial statements of the charity for the year ended 31 December 2025 ## **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 Safeguarding) 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 mission based strategic plan to guide our work over the next decade. The strategic plan is expected to cover; - developing our mission in Brechin and Farnell and their landward areas; - renewed focus on our relationships with local schools and voluntary organisations to better engage with young people; - securing a healthy and sustainable financial position; - maintaining our property and buildings to a high standard; - 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 50 - 60 participants. A similar facility is being developed at Farnell. 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. ## **Renewal Projects:** Following Kirk Session and Presbytery approval some £6,000 was withdrawn from the Consolidated Fabric Deposit fund to cover expenditure on the pew removal and creation of a children’s play area under the balcony, office heating improvements and roof repairs at Gardner Memorial together with audio system improvements at Farnell and other minor fabric works. ## **Financial Review** **Income & Expenditure:** Total receipts were £111,833 (£117,312) of which £8,313 (£29,504) were transferred from the congregations holding in the General Trustees Central Fabric Fund, £73,685 (£66,319) was from weekly offerings and donations, none (£2,000) from legacies, £18,755 (£8,230) was from general fund raising, wedding and funeral contributions, £4,646 (£4,661) was investment income. Planned giving through Gift Aid donations was £41,187 (£37,857) whilst Non-Gift Aid Weekly Freewill Offering donations was £6,523 (£7,201) and Ordinary Offerings (Open Plate) were £9,981 (£8,857). Tax recovered on Gift Aid was £12,689 (£11,720) along with other donations of £3,305 (£685). Whilst congregational support during the vacancy was stable, there was a 12% increase in giving of £60,966 (£54,600), excluding tax recovered on Gift Aid. Overall, Net Expenditure, was £111,111 (£117,052) excluding the Purchase of Assets and Investments £Nil (£Nil). Excess of Receipts over Expenditure being therefore £4,426 (£3,003) although sums of up to £16,800 are expected to be withdrawn from the Central Fabric Fund to cover the costs of remodelling the garden are at the Gardner Memorial in Brechin. Adding funds brought forward at the beginning of the year, the balance carried forward on 31[st] December 2025 in the Fabric account was £337 (£1,949) following a fabric expenditure of £13,063. However, following a successful grant application, some £2,060 for fabric renovation of Farnell Church is due from the National Churches Trust in early 2026. The combined total of unrestricted General and Reserve accounts increased to £10,582 (£5,093). ## **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. Page 5 We currently hold local bank balanccs or £30.398 (£25.973) aThl investmcnts worth £222.128 (£206,445) together wilh C,onsolidated Fabric Fund Revenue balance of £4,889 {£2.531) and Capital {Il) inves(menis of Ma￿et valur £102.072 (£94,654) Growth Fund units" £35,047 (£34,032) Income Fund Units and £26,218 (£32.039) in Deposit Funds. making a nei worth of £403.906 {£393,883) at the year en4t Reserves Policy Thc charity truslL'Ls hdvc consi(lered thc rcscrves rcquircd and hdvc iakLll aLLounl of th¢ir currcni and fvture liabilities. It is the Trustees, policy. where p)ssible, to maintain an unrestricted working balance beiweeii the General and Reserve accounts of ai least tw'o monih's payineots (approximately £ l O,(MJ)}. and £2,(m in the Fabric account to cover unforeseen expenditure ihai may arise from timc lo lime. Unfortunately, rnaintenancc ofthese poliLies hiLi proved incred5ingly difficult to achievr during Ihe year wilh an ai'erdge income of £8.651 (£6,507) ver5U5 an av¢ragc cxp¢nditurc 01 £7,914 L£7.343) and ¢ombined GcnLTal and Rc5¥rvc account biLnk balances averaging £8.182 (£4.546). Balances in the oth¢r unrestricted lund (Sunday School) amounte41 to £605 (£1,1411). with £7,8117 (L7,415) in the restricicd Renewal acc()unt following ft particularly gen¢rou.s donation, and Ll.981 (£1.888) remaining in the Povr Fund und £9.007 (£8.480) in the variou% End()wmenl Fund accounts. Trustees, Respon$ibillties The InembeTh uf Ihe Kirk Session must prepare finttncial statements w'hich give sutricient detail to enable an appreL'iation of ihe tranS￿li0nS of the Church during the financial year. The members of the Kirk Se%%ion are r¢sponsiblc foi keeping proper accounting recurds which. on requcst. musl rcfleci thc financial positiun ufthe Church at thai lime. 'fhi8 must be done to cnsurc that ihe financial statemenLs comply wilh thc Charities and Truslccs Inve5tm¢nl (Scutiand) Act 2C(15, lh¢ Charitivi Accounts- Iscotland Rvbwlations 2006 and the Regulations Ancni Congreg*iional Financc approvcd by the Ciener81 Asscmbly of thc Church of Scolland in 21J)7. They are also r¢è&wnsible for safe¥uarding the assets of the Church and must tdke sleps for the prcvcnlion andlor d¢teclion ol" fraud and oihcr I￿egular1tl¢4. Approved by thc TnL$te¢s and 8i8ned on their behalf, SIRned: NAme: Davld Adam$- Sesslon Ckrk Dale.. Page 6 Brechin anql Farnell Pari15h Church SC 008630 Report of Independent Examiner I report on the accounts of the charity for the year ended 31" DeCeME￿ 2025 Respective responsibilities of trustees and examiner Thc charity's trustees are ieswnsible for the preprdtion of the accounts in accordancc with the terms of thc Charities ￿nd Trustee Inveslment IS¢oiland) Act 2(K)5 and the Charilies Accounts (Scotland) Regulations 2006 (as amended). The charity's irustees consider thai the audit requiremeni of Regulation 10(1 ) (a) to (c) of the Accounls Regulations doe5 not apply. It is my re8tK)nsibility lo examine the account5 as required under section 44(1) (c) of the Act and io statc whether particular matters have come to my atiention. Basis of independent exlrnifjer's s¢v4temenl My examination is carricd out in accordance iyith Regulation I l of the Charities Accounts (Scotland) Regulations ?006. An examination includes a reiiieiv of the accounts'ng rccords kLpi by the Lharity and a omparison of the account8 presented with those records. It also illLludes consideralion of any unusual items or disclosures in the accounts and seeks explanations from the trustees c4)nc¢rning any such muliers. I'hL' procedurc5 undertaken do not provide all the cvidencc th¢lt would k required In an audit, and cvn5equently I u nol express an audit opinion on th¢ view giv¢n by the accounts. Independent examiner's statement In th¢ course ot.my examination, no m21kr has com¢ lo m), attlntion lOt￿r than disclosed bclow I which byiv¢s me ieasonable cause to believe that in any maiLrial respect th¢ requir¢ments.' io k¢¢p accvuntingF recor(ts in accordaK¢ with S¢¢tion 44(1) (a) of the 2005 A¢t and Reg>ulation 4 of the 2006 Accounts Regulations (as amended). and to preparc accounts wluch accord ￿1th the accounting records and comply with Regulaiion 9 of ihc 2006 Accounts Regulations (as amended) have not bccn met. or 2. to which. In my opinion, allention should be drawm. in order lo enable a proFr understandingv of thc accounts to be reached. Signed: Iygme: Barbarn Bruce Addresg: Southend Cottage Mains of Pitforthi¢ Brechin Angus DD9 7PF Dale: Page 7 ## **Brechin & Farnell Parish Church Receipts and Payments Account** ## **Year ended 31 December 2025** ## **Notes** |**Receipts**
Offerings & Donations
Legacies
Weddings & Funeral Contributions
Activities for Generating Funds
Bank Interest
Investment income
Use of Premises & Glebe
Sale of assets
Sale of investments
Receipts from GT’s C F F
Other Receipts & Rebates etc.
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**|**Unrestricted**
**Restricted**
**Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**Total**
**2025**
**2025**
**2025**
**2025**
**2024**
**£**
**£**
**£**
**£**
**£**
72,185
1,500
0
73,685
66,319
0
0
0
0
2,000
7,715
0
0
7,715
0
11,040
0
0
11,040
8,230
0
0
0
0
7
2,380
363
1,903
4,646
4,661| |---|---|---| |||93,319
1,863
1,903
97,086
81,218| |||4,818
0
0
4,818
903
0
0
0
0
800
0
0
0
0
0
8,314
0
0
8,314
29,504
1,616
0
0
1,616
4,888
0
0
0
0
0
3,949
0
0
3,949
2,297| |||18,696
0
0
18,696
38,391| |||112,015
1,863
1,903
115,782
119,609| |||0
0
0
0
0
-3,949
0
0
-3,949
-2,297| |||**108,067**
**1,863**
**1,903**
**111,833**
**117,312**| |||245
0
0
245
353
108,558
1,298
1,254
111,111
117,052
0
0
0
0
0
0
0
0
0
0
108,803
1,298
1,254
111,355
117,405| ||**4**|0
0
0
0
0
-3,949
0
0
-3,949
-2,297| |||**104,854**
**1,298**
**1,254**
**107,406**
**115,109**| |||3,212
565
649
4,427
2,203
122
0
-122
0
0| |||**3,334**
**565**
**528**
**4,427**
**2,203**| |||| Rounding - See Note 8 Page 8 r¢chin & FArnell Pgrish Church t of Balan At 31 Deeember2112 Noit UllTtslrkled Rt¥tAded ds Total rotgl fuvd* 2024 lknk & d¢p0511 hSa¢ b￿￿¥hI forwA¥d ￿ l J*n 2025 &1 9J03 Movtm¢llt th )Yw: Exets& of Re£eipES ov¢r PiyJn¢nl& fot IhL' year 527 4.426 ?.2(14 Bonk & dup￿14 hlafKes •rri¢d fvrwllnl •t Ji fkx. 2025 11.513 9J)07 -iOJty8 21.973 ICThsl £42,961} 116,225 111.$07 222 12 ?06.445 eB. Gift Aid ￿*4￿#ble 1060 Nlltb e¥. Lo4t of yrt billeAI 16.846 ifi, RourMthnB- See N(*e 11 AFvrv*wed by the TnjSle￿ nn D&t¢: Trt*wrer P88e ## **Brechin & Farnell Parish Church** ## **Notes to the Accounts 2025** ## **1 Trustee Remuneration and Related Party Transactions** |Minister received Manse Office & Travel expenses|£1,872| |---|---| |The net sum paid for the Manse Council Tax was|£3,207| |Mrs Elizabeth Baillie who is a member of the Kirk Session received|£8,701| |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**|**01-Jan**
**31-Dec**
**2025**
**Receipts**
**Payments**
**Transfers**
**2025**
**£**
**£**
**£**
**£**
**£**
2,579
99,866
91,024
-4,386
7,035
2,514
1,033
0
0
3,547| |---|---| ||5,093
100,900
91,024
-4,386
10,582
1,949
6,864
13,063
4,587
337
1,148
224
767
0
605
0
79
0
-79
0| ||8,190
108,067
104,854
122
11,524| ||7,415
1,770
1,298
0
7,887
1,888
93
0
0
1,981| ||9,303
1,863
1,298
0
9,868| ||1,640
1,007
470
-150
2,027
1,083
0
334
150
899
2,719
405
450
0
2,674
919
32
0
0
951
2,119
338
0
0
2,456
0
122
0
-122
0| ||8,480
1,903
1,254
-122
9,007| ||| ||**25,973**
**111,833**
**107,406**
**0**
**30,399**| (Held locally in Bank Accounts) * Includes £5,821 drawn down from GT's CFF _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** Miss Eve Gourlay Mrs R. Ballantyne Miss Roma Moffat Mrs Mary Raitt Miss Mary Crowe Mr & Mrs A. S. Fraser Miss Hazel Bremner G W Mitchell M J Cameron Craigo Lyall Webster ## **Session Trust Benefactors** Alfred & Mary Birnie Mr A S Grant ## **Sunday School Trust Benefactors** R. M. Gordon Andrew C. Cross ## **3 Analysis of Donations** |**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**
**2025**
**2025**
**2025**
**2025**
**2024**
**£**
**£**
**£**
**£**
**£**
41,187
0
0
41,187
37,857
6,523
0
0
6,523
7,201
9,981
0
0
9,981
8,857
1,805
1,500
0
3,305
685
12,689
0
0
12,689
11,720| |---|---| ||72,185
1,500
0
73,685
66,320| _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**| |---|---|---|---|---|---|---|---| ||||**2025**|**2025**|**2025**|**2025**|**2024**| ||**Cost of generating funds**||**£**|**£**|**£**|**£**|**£**| ||Investment Managers' fees||0|0|0|0|0| ||WFO Envelopes & Stewardship Costs||245|0|0|245|353| ||||245|0|0|245|353| ||**Charitable activities**||||||| ||**National Ministry & Mission and Wider**||**Work**||||| ||Giving to Grow||42,867|0|0|42,867|36,499| ||Presbytery dues||1,919|0|0|1,919|1,995| ||Minister / Locum Travel Exps etc.||1,872|0|0|1,872|1,417| ||Pulpit Supply||1,114|0|0|1,114|476| ||Locum||0|0|0|0|1,360| ||Other Salaries, Employers NI & Fees||17,179|0|0|17,179|15,974| ||Heating and Lighting||8,596|0|0|8,596|10,696| ||Insurance Church & Manse||9,781|0|0|9,781|9,205| ||Manse Council Tax||3,207|0|0|3,207|3,600| ||Grounds, Cleaning Mat'ls & Laundry||541|0|0|541|1,568| ||Church Office & Telephone Expenses||1,770|0|0|1,770|997| ||Life & Work||0|0|0|0|0| ||Printing & Advertising||919|0|0|919|1,320| ||Organ & Music||0|0|0|0|663| ||Miscellaneous Expenses||1,269|728|774|2,771|7,494| ||Fabric Repairs Churchs||12,369|570|0|12,939|9,268| ||Fabric Repairs Manse||107|0|0|107|9,447| ||Glebe||1,174|0|0|1,174|1,761| ||Parish Nursing / Anna Chaplincy||0|0|0|0|0| ||Poor Fund||0|0|0|0|100| ||Bursaries||0|0|480|480|450| ||Renewal Project||0|0|0|0|439| ||Third Party Collections||3,873|0|0|3,873|2,323| ||||108,558|1,298|1,254|111,111|117,052| ||**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 £32,433 and £39,856 ## **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 ## **7 Collection for Third Parties** |**Collection for Third Parties**
Brechin Attic Youth DropIin Centre
Scottish Bible Society
Brechin Flood Appeal
Brechin (2), Ferryden & Friockheim Primary Schools
Brechin - Royal British Legion
Christian Aid
K&I Waddell African Missionary Work
RSABI
MacMillan Cancer Support
Funeral Memorial Donations
Total Collections for Third Parties
_Not included in Notes 3 and 4_
_Rounding - See Note 8_|**2025**
**2024**
**£**
**£**
200
160
227
1,400
651
89
477
206
200
174
56
2130| |---|---| ||1,743
2,096| ||| ## **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**
**2025**
**2024**
Account No.
Cost £
Market Value at 31 Dec
Consol. Fabric Fund - Rev
301836-50
£4,889
£2,531
Consol. Fabric Fund - Cap
301836-55
Consol. Fabric - Cap(II)
301836-56
(3500 GFU)
Growth Fund
663018365
50,365
£102,072
£94,654
Income Fund
663018366
26,581
£35,047
£34,032
Deposit Fund
663018367
26,218
£26,218
£32,039
103,164
£163,337
£160,725
Capital + Revenue Accounts Market Value at 31st December
£168,226
£163,256
_Rounding - See Note 8_
Page 13|**CONSOLIDATED FABRIC FUND**
**2025**
**2024**
Account No.
Cost £
Market Value at 31 Dec
Consol. Fabric Fund - Rev
301836-50
£4,889
£2,531
Consol. Fabric Fund - Cap
301836-55
Consol. Fabric - Cap(II)
301836-56
(3500 GFU)
Growth Fund
663018365
50,365
£102,072
£94,654
Income Fund
663018366
26,581
£35,047
£34,032
Deposit Fund
663018367
26,218
£26,218
£32,039
103,164
£163,337
£160,725
Capital + Revenue Accounts Market Value at 31st December
£168,226
£163,256
_Rounding - See Note 8_
Page 13|**CONSOLIDATED FABRIC FUND**
**2025**
**2024**
Account No.
Cost £
Market Value at 31 Dec
Consol. Fabric Fund - Rev
301836-50
£4,889
£2,531
Consol. Fabric Fund - Cap
301836-55
Consol. Fabric - Cap(II)
301836-56
(3500 GFU)
Growth Fund
663018365
50,365
£102,072
£94,654
Income Fund
663018366
26,581
£35,047
£34,032
Deposit Fund
663018367
26,218
£26,218
£32,039
103,164
£163,337
£160,725
Capital + Revenue Accounts Market Value at 31st December
£168,226
£163,256
_Rounding - See Note 8_
Page 13| |---|---|---| ||103,164
£163,337
£160,725|| |||| |||£168,226
£163,256| |||Page 13| ## **Brechin & Farnell Parish Church** ## The Church of Scotland Investors Trust Certificate of Investments Held at 31 December |**Deposit Fund**
**Type**
**No of Units**
Reserve Fund
Unrestricted
2,000
**Growth Fund**
**Type**
**No of Units**
**Unit Price at 31 Dec - £**6.88
Reserve Fund
Unrestricted
7,000
Fabric Fund
Unrestricted
7,724
Sunday School Trust Fund
Unrestricted
1,660
Renewal Fund
Restricted
2,000
Poor Fund
Restricted
690
General Purposes Trust Fund
Endowment
5,240
James Dall Bursary
Endowment
3,000
McCosh Bursary Fund
Endowment
235
Ferrier Hood Fund
Endowment
2,500
Rev Gardner Memorial Trust
Endowment
900
**Income Fund**
**Type**
**No of Units**
**Unit Price at 31 Dec - £**11.39
Church of Scotland Guild
Unrestricted
132
Session Trust Fund
Endowment
500
**Market Value of all Investments**
**Cost of all Investments**
**Unrestricted**
**Restricted**
**Endowment**|**Deposit Fund**
**Type**
**No of Units**
Reserve Fund
Unrestricted
2,000
**Growth Fund**
**Type**
**No of Units**
**Unit Price at 31 Dec - £**6.88
Reserve Fund
Unrestricted
7,000
Fabric Fund
Unrestricted
7,724
Sunday School Trust Fund
Unrestricted
1,660
Renewal Fund
Restricted
2,000
Poor Fund
Restricted
690
General Purposes Trust Fund
Endowment
5,240
James Dall Bursary
Endowment
3,000
McCosh Bursary Fund
Endowment
235
Ferrier Hood Fund
Endowment
2,500
Rev Gardner Memorial Trust
Endowment
900
**Income Fund**
**Type**
**No of Units**
**Unit Price at 31 Dec - £**11.39
Church of Scotland Guild
Unrestricted
132
Session Trust Fund
Endowment
500
**Market Value of all Investments**
**Cost of all Investments**
**Unrestricted**
**Restricted**
**Endowment**|**Cost**
**£**
2,000
**Cost**
**£**
24,733
9,405
3,466
11,760
1,001
11,145
4,752
534
6,435
1,718|**Market**
**£**
£2,000
**Market**
**£**
£48,160
£53,141
£11,421
£13,760
£4,747
£36,051
£20,640
£1,617
£17,200
£6,192| |---|---|---|---| |||74,950|£212,929| |||**Cost**
**£**
1,144
5,392|**Market**
**£**
£1,503
£5,695| |||6,536|£7,198| |||83,486
40,749
12,761
29,977|£222,128
£116,225
£18,507
£87,395| _Rounding - See Note 8_ Page 14 **Brechin & Farnell Parish Church** ## **REVENUE** ## **FORECAST 2026** ## **ACTUAL 2025** ## **GENERAL FUNDS INCOME** |**GENERAL FUNDS**
**INCOME**|||| |---|---|---|---| |Offerings & Donations|||| |Gift Aid Donations|43,000|41,187|| |WFO Scheme (non Gift Aid)|7,000|6,523|| |Ordinary Offerings (Open plate)|11,000|9,981|| |Other Offerings, Donations|2,000|1,805|| |Tax recovered on Gift Aid Donations|13,500|12,689|| |HMRC SBS & JRS Grants|0|0|| |||76,500|72,185| |Investment income|2,450|2,380|| |Fundraising|11,600|11,040|| |Weddings & Funerals|7,000|7,715|| |Use of Premises & Glebe|5,000|4,818|| |Drawdown from GT’s C F F for Maintenance Exp.|4,900|8,314|| |Other Misc. Income|500|1,616|| |||31,450|35,882| |Total Ordinary General Income||**107,950**|**108,067**| |**EXPENDITURE**|||| |Cost of Generating Funds|||| |WFO & Stewardship|275|245|| |||275|245| |National Ministry and Mission & Wider Work|||| |Giving to Grow|44,900|42,867|| |Presbytery Dues|1,991|1,919|| |||46,891|44,786| |Local Staffing Costs|||| |Minister's Car & Telephone|2,000|1,872|| |Locum|0|0|| |Pulpit Supply|1,200|1,114|| |Other Salaries, National Insurance & Pensions|20,000|17,179|| |||23,200|20,165| |Buildings Costs|||| |Heating & Lighting|9,250|8,596|| |Insurance|11,004|9,781|| |Manse Council Tax|3,620|3,207|| |Grounds, Cleaning Matl's & Laundry|850|541|| |General Building Maintenance & Glebe|10,000|13,650|| |||34,724|35,775| |Other Local Costs|||| |Church Office & Telephone Costs|1,850|1,770|| |Printing & Postage|1,250|919|| |Organ & Music|150|0|| |Miscellaneous Expenses|2,000|1,269|| |||5,250|3,958| |Total Ordinary General Expenditure||**110,340**|**104,930**| ||||| |**GENERAL FUNDS SURPLUS / (DEFICIT) FOR THE**|**YEAR**|**-2,390**|**3,137**| |||**CAPITAL**|| |**PROJECTS / IMPROVEMENTS**|||| ||**BUDGET**|**FUNDING SOURCE**|**STATUS**| |**GARDNER - GARDEN PROJECT**|**16,000**|**GT’S COMMON FABRIC FUND**|**_APPROVED_**| |**MANSE PARKING AREA**|**3,000**|**GT’S COMMON FABRIC FUND**|**_TBA_**| |**FARNELL FLAT ROOF**|**_TBA_**|**GT’S COMMON FABRIC FUND**|| Page 15