The Church of Scotland Ellon Parish Church of Scotland ACCRUED (SORP COMPLIANT) ACCOUNIS FOR THE YEAR TO 31ST DECEMBER 2024 CoD8regatb)n No: 331964 ChArlty No: SC IM)8819 Ellon Parish Church of Scotland Accrned (SORP) Accounts Year ended 31st December 2024 Table of Contents Report of the Trw%lees Independent EX*n￿ner'S Report Slatement of FInane1￿ Acdvltles BAlante Sheet Accounting Policies io Notes to the Aceounts Ellon Parlsh Church of ScoilaThd Trustees. Annual Rewkrt Year ended 31 Dttember 2024 The Church of Scotland is Trinitari￿ in d¢xtrine, Refornied in tradiiion and Presbyterian in lity. li exisLg to Glorify C￿d and io Work for the advancemenl of Chrill's Kingdom tbroughout the world. As a nauonal ThuTch, it acknowkdges a distinctive c4ll duty to ing the ordinances of religion lo the Fwple irA every parish of Seoi14nd through a tcrritorial rnini.￿ry. li ¢(Foperales with othu Churches in various e¢um¢ni¢41 bodies in ScotiatMI and iwond. Full detai18 of the church's aciiviiies can be found on lis web$it¢ Ellon Parish Church CODiinue8 ￿ opttaie under the mission %t1teTh￿nt summed up as Meantn8ful Faiih, Mcanin8ful Cornmunily, Meaningful Witness. The *am stsucture, of teims with dele8aied responsibititi¢S fTom the Kirk sessio￿ WQtinuvJ io underpin the prnctical running of Ellon Par￿h Church. The mo¥t Si￿lf1(art¢ pie£¢ of work for 2024 Fttn the development of a 3-y¢4r plun for Ellon pari.sh Churrh. li's anticipated this would run from around May 2025 - May 2027. Following a 5¢Ti¢S of open discussion eveni$ [chu￿b Workshop after worship. setrnon responses and a SWOT analysis carrieAI out by th¢ KI￿ sessi￿}1 a time-limiied ieam w&$ 1gsk¢d lo ¢ollat¢ the r¢spoL%es and ideniify them&$. The geD¢tal hqKs frorn the congregauon w¢r¢ IQ SWStain the Kirk Centre projeci. dtt￿rL$ the %piriiuyl life of cburch community, en8a8¢ our yc)ung pcvplc al level. remain a viable pall of ik rommuniiy in Ellon and io dcvclop our buildings w make thm more accessible. The team met over & peri￿ of 3 month5 at the end of 2024 (Tom this (level0￿d el￿( aims which are.. . To sustain and evolve (Mtr key ministy areas {8pecific#Uy Kirk Cenrre Project, Youn8 People Minlstry. Nei8hbourh(x)ds of C4te. Discipleship al￿ Volunteers) . To becorne and Ternain financially • To support. sustAin and Ixll"Id church ComM￿nity . To a86es8 our buildiDg5 lo make them mor¢ a￿esSIble . To develop men's and boy's ministry . To make chuTch and faith xcessible for th(￿¢ less confident knt their faith . To become a Jn(re intei¥eDerntioDal church . To develop new I￿¢T8 to be oble ￿ fill key roles in Ellon Parish Church &8 these bwom¢ vacant. Thes¢ were under thrtt main themes of sustainable. acttssibk inlcrgeneTationa]. The objective5 &8s(Kiated with these ainL8 will be worked oui by the Kitk Session Teams and agreed in Kay 2025 at the Kirk Sessiotk. Much of the t¢sr of the year has t*en tsken up with (rganising the life of the clwrch including.. . The Tunntng of the Kxrk Centrc ComrnuDity LaTthr, Shop and Cafe . Dcvcloping and recruiting m¢mbus for the Strward$hip Tearn . The continu¢d work of the fran￿. . Cl(￿[ working links with B¢]helvie Parish Church. . Kirk Fesi Mission Week Involvemcni in communtty events (Ellon Cl)TiSthW L4ghts Switch On. Bllon G8Ja. Communiry Chnstnw CArol 5iJ)gillg in paTmetship with Ellon C&sde Gardens) . Money rnised At 'extra' Christmas suvic¢s goin8 to 'FOnT)￿ Youth Project, {around £7(X)) . Mon¢y r¥ised from Bcer and Carols being donared io 'Kaylei8h's Wee Stst5' Organi.4ing and running 'The Bereavement Journey. Course. No development4 have taken place regarding the outcomes of the 'Accelerate' programme or any intentional discussion around the financial fu￿re of Ellon Parish Church &$ mentioned in the developmenis from 2023 trw%tee% reIxYt. jr main plan for 2025 is ￿ develop and start w￿kIng (m the objethives from our 3 year plan. The Church is athninistered in xcordonce wilh the trrn18 of the Unitsry Deed of Constitution. The trust¢e5 wbo serve4J during the period from l January 2024 10 the date the financial statements wue approv￿ are incluthd in the legal 4Thd 4dminisirative informalion. Members of the Kirk SessioD are the chArity tri￿. The Kirk Sessilx membeT8 are elders of hurch and are chosen from those members of the ¢huTch who 8rc coDsidcred io have the appropriyte gifts and Skills. The minister. who is J member of & Kirk Susion, is cl￿t¢d by Ihe crngregalion Ind￿led by ts Pre$b￿cry. The Kirk Session can delegate various a¢¢ivilies to be carried out ff develqyed by ihe ieants (which meet at least every two months). Th¢ Kirk Session which meets severBJ tinw5 a year is responsible for the spiritua] tempor￿ ¥ff8irs witbin the church. Although th¢ TnJste¢$ have discussed the risks specifically this year, howcver, th¢ risks for (hxs ye&T 9T¢ th¢ 5gme 45 previou5 years, with the pandemi¢ and il's ¢ff¢¢ts 4 continuing risk f¥tor. Tbe trnstKs 'hav¢ f¢lt thc risks io be: the agein8 congregation the need to incre￿¢ our income the ￿ed to reduce expenthture the overall reduetion in giving the increLsin8 COSt5 involved in th¢ upke¢p of (xw buildings the reduction in renial income generat¢d by thc Id of th¢ Kirk CeDtre tOfAns the changing naiuTe of the lets renew¢d compeiition in ihe town. The effects of the Preslrytery Plan The Kirk Session and SieTwardskn"p Team are fvlly aware of the above cot)cern$ ar41 have eonsideted the clwity s finan¢i41 requireti￿ts aThl makitig plans to mitigate the risks rKJied. FIn4nd￿ Rtvlew The principa] source of income is from fTeewill offerings which t(Aalled £120J96 for the year {2023.. £1145831. Overall income was £203.ffi2 againsi trtal ex￿iditUr¢ of £220,447 ￿vIng a rel￿ted deficit the year of £16,158. The overall vulue of fun(Ls Closed at £1.877.089 of wbich £50,194 comprised bank and ¢osh b￿anCe& Re4erves Pollcy The clwity trust¢¢s have consider￿ the reserves required and have i#ken inlo account th¢ir current and futu￿ liabilili¢s. No 5pxific EK)Iicy 15 Cu￿￿tiY in place. bjt suffi¢ieni funds 4r¢ Alw&y.% m4iniained ¢0 m¢¢1 the day to day (ycrating requirements of the church. C&sh b4lan¢es held At thc ycar.end provida cover for approxiraatcly 3 monih$' worth of no￿al op¢rating expenditure. Reference atyd Adnthd5¢rativ¢ Inf¢Irn￿*JOll Charhy NAme: Ellon Parish Church of Scotland Charity Rewtratlon Numb¢r: SCiX)8819 Con%reKation RefereD¢e No: 3319664 Cont•¢t Addru¥- Ellon ParLsh Church of Scotland Tnth. Annual Rewjrt Year ended 31 December 2024 Ststement orTn￿, ReSpo￿lbilItieS The cbariry t￿SteeS are responsibl¢ for preparing a trustees, annu41 and financial statements in x¢ordao¢e with applicable law and United Kingdom Accouniing Stsnd8rds (Unl￿d Kin8dcAn Generally Accepied Accounting Practice). The l*w applicable to charities in Scotland requir￿ the eh8Tity trus*e8 to prepare financi81 stsiements for exh yeaT which Bhow a w and fair view of the stste of affairs of the Ch￿IlY and of lh¢ incoining resource8 and applicaiion of r¢sow$. of the charity for that period In preparing the financial statemenLs. the trwste¢5 are required to: select suitable accountiog wlicies and then applv them consistrtttly: observe the rneth￿ and principles in the applicablc Clwttse8 SORP: make judgments &rtd ¢slirnat¢s that are reasonable and prudent. stste whether4)plie&ble 4ccounring star￿ardS and starem¢nt$ of re¢omm¢nd¢d pr*ii¢¢ ave be¢n follow¢d. subjeS and the CFthriiies AL￿Ints (Scodand) R¢gthlitiony 21kn.las amended) The chariiy ML$￿8 eomsider thai the audit requiremenl of Regulatb)n 1011) la) to {c} of the RegulalioTr d(Jes not 8pply. It is my responsibillry io examine the atttsJnts as under section 4411) (c) of the Aci and to s￿e whether t&rticular mattern bave corne lo my ￿trnI1(￿. DthofindyDden¢ ¢￿MIner,6 sl•lement An exatuinauou is catried oui in accordance with Regulaiion I l of the Chtiriu¢s Accounts (ScotlaDdl Regulaiions 20(hfj (as an)ett￿l. An ¢x4miDaiion I￿ludeS a reTriew of the account￿$ r¢totds kw by th¢ Ch￿1¢Y and mpati50n of the aCc￿nIS presenred with Ihose records. It also in¢lwles con.8ideraiion of any unusual iiemi i)r dI.￿l￿￿Tel in the act￿￿15. and seeks explanations from ihe thjaees concerning any Aueh mat*r%. The pn*edurei undenaken do not provide all Ihe eviiknee thai would be requiTed in an iudii at)d consequer￿lY I do expres$ a Audit opinion on th¢ view gven by the JndependtDt eX￿￿tter.% stAtement In the c(wse of my examinalion, no rn•tt¢r cryn¢ to my alte411ii)n'. which pve% me reasonable cause to believe Ihai in any ma*rial respeL1 the reqU1￿Me￿I8.. ts) kecp accountin8 TEcords in acc(xdance with Se¢uon 44 (Ima) of the 2￿5 Aci knd Regul￿10￿ 4 of the 2(M16 AcwuniA Regulation6 las ametsdedl, artd • to Ptepare accounts which accord with ihe accounLin8 ftEcord$ camply with Regulatinn 8 of the 2￿6 AccTrJnis Re8ulalion% la5 amended) have TK)t been rnet, nr 10 which. in my opinion. &tt¢niion be dravrn in order io enable a woper urt(krstsndin8 of the 4¢¢ounts be reached. SBP Accountants & Tax Advis¢rs 27 Finlr¢yJOll Str¢¢t Frascrburgh AB43 9JQ Ellon P￿$h Church of Seotland Statement of Financial Activities Year ended 31st Deeernber 2024 Funds Tot•1 2023 DoDation% and lepcies Othcr IradAn8 t*iivilit JDcome fr()m Invesimttus 159.913 19.147 1.897 159.913 19.147 1.897 21705 2113002 162,322 18.788 1.318 26,382 208WIO Income from CThtiiiable activities 203￿02 Chtirii#ble dLliViti¢8 216J27 3.TlO 150 220A47 216,527 3,770 150 220847 195.927 GovernAnce Costs Jnveismeni Cut¥ Jo 199817 Nrt 1¢X￿l￿re) befty¢ (1&785> {16.786) 9393 Net 8ainA / Iloswl on In￿¢m¢￿¢S 627 627 490 Net ID¢oMel(ex￿Dd1t￿rt) (14158) (16,158) 9,883 15 116163) (16,IS8) Rea￿ClI￿lI0• of fwth: Totsl funds brou8ht forw*d Nei nb)vemeJll iti fuods 1.891.813 116.163) 1.434 1.893.247 116.1515) 1.851,802 9.883 31.563. TTUMC&¥ tkpositfund Tot•1 r4rried forvArd 1075,65• 1,439 1.877,089 ij93J48 Ellon parish Church of Scodand 2fj24 2023 Flyed Assets Tangjble r￿ed Investments 1.76&729 41.515 1.771.155 39,333 1,808244 IJIO488 Current Amets Stocks tkbwTS ond cash 2(K) 27.138 50.194 77J32 io 9.759 80,037 9DYJ6 Credltor4 Falling due within on¢ y¢OT Ne¢ Current A55ets 81759 Nel Amelj The fwids of the charlty: Reslrictrd lunds UnreBtrl¢ted Iwome funds Gcncr41 fund8 A2 13 1.4J9 .434 1.875.650 1.81)1,813 Totsl ¢harf¢y lundl lJ77.089 1193247 The a¢¢ounts wtt¢ Approved by the Klrk SesthD For •t)d on beholt yf the Klrk Se&¥5on Minister Session Cle Elloth PaTisk Cbllrch of Scotland Year Ended 31 D¢c¢mber 2024 The Principal xcouDting ￿￿1cleS. whi¢h have been applied eonsisieiitly in ihe ind precedu)8 year in d¢aling with items which are considered maierial to the actounts, are sct out b¢l¢)w. B*Jis of prepAratAo The fiDaTLcial s(atcJnents bav¢ bwn pT¢par¢d in accord￿ with A¢¢ouniing RwTtinK by awi¢i¢5.' Sts*m¢t)t of R¢¢ommended Prncti¢¢ applicabk to chatitics prcpariT¥ th¢ir a¢￿￿nts in a¢¢ord8n¢e with the PRDan¢i41 Reporlin8 Standards ipplicable in the UK atxl R¢publi¢ of Jreland ITrRS1021 i8su¢d on 16 July 2014 *)d the Fitwicial Rqxirbns St¥ndard applicable in the UK ond Rq)ubli¢ of ]rclHrwJ (FRS102). with the Chan"tie$ ond Tntstee Investment {Scoil8rMII Act 2005 and the chsn.ties Aec(NJthts ISwt14nd) Regulwtions 2006 {as amended). The accounL8 have been preparui in accordance with the wuirements of FRSIO2. Th¢ am)unt$ hve been kuyred in UK £ acrliDg Colleern The 'l'rusttts have Considered the oveTHII fiDzncial ￿SitiOn of the ¢hureh and are of the view ih*t thcrc are no mwerial un¢ertainti¢5 ¥bDUtth¢ Clwrch's ability io ¢ontiThue for the De￿ tw¢lv¢ rn￿￿L8 for the fores¢eable future and, on this basis, the have been a wing b35i& Funds ¢laMified as eithtt Ttstrictejj fvn& or unreslrictel fiwth, defined # fo11oWk RLYtriclrd fund5 are funds subiwl lo ip¢cifK requ1￿Ments as ￿ their use which may be &C1￿C￿ by thc dopor Or with their authoriry or Cr¢)￿d thmugh le¥81 ptQCCS5cs. bui still withrn thc widcr objccts of thc charily. Income is re¢ognis¢d WI￿ th¢ ¢I￿lIY has rntitlcmcnt lo thc f(md8. •ny p¢rfornian¢e consthtion8 atts¢hed the ilelll(8) of incorne Iwc brcn mc( il is wobabl¢ that th¢ in¢ome wdl be rnceiv￿ the &mounl can b¢ mca8urcd rcliably. Don#ted *rvlcu 4Dd f*cllldes Dotlatcd prof￿}i0￿al %rviL¢$ ¥nd don8td hcilttiei we r¢¢o8nised Is incornc WITh thr charity h&% Control ov¢r the ilem, hny conditson$ 4s$0¢i8ied with the donaied il¢m have b¢¢n m¢t, th¢ r¢r¢ipi of c¢onomic benefit from the use by the ¢harity of the item 15 wobable and thal economic b¢n¢fit wi b¢ measwrd Teliqbly. ltt Drdhn¢e with the C'.hanlie8 SOKP ITrIISI 02) thc gcnml vohjntcer lime of c(Jn8re8ation mernbers is not recognised. On receipt. dontt￿d prof¢tsionAI *rVi￿6 aTO donD*d fxilitses are recO￿lS>j on the basis of the vliuv uf gift lo the charity which is amount th¢ thariry would have been willing 14) pay to obtain 8ervi¢eo or fa¢iliti¢s of cquJYal¢ni economi¢ b¢D¢fit on th¢ open mHtht,' • ¢orrespoThlin8 arnount is th r¢co8ni8¢d w eKpenditure in the Per1￿j ofrK¢ipt. Ellon PArish Cknur¢h of S¢otl*nd Year Emded 31 Dttembtr 2024 Accointing Polltfiel Icontlnyed) Re¥0irC￿ expended IDiere8t reeelvlblt tntetest OD funds held on dq￿lt ts included whets receivable and the b¢ measured x¢li8bly by the chlrily" ihis is nornially trM)tifi¢ation of ¢he inlerest paid orp8yable by the bank T•n%lble fjitd usetJ Th¢ &h￿"ty has the ri8htto o(twry and w¢ fw its ¢barithble obicrts ccrfain ￿￿gIble including the urch. hails and man8¢, v¢s¢¢d ID th¢ Church of S¢otloTh1 Generaj Trusts￿. No ¢tsn$id¢ration is payabl¢ fLf the use of thc8e ￿SerI. Expenditure invJrr¢d ¢)n the r¢wir and mainl¢nat)¢¢ of th¢8¢ asg¢ts 16 clw8ed as source8 expenthd in the $tstrmenl of financial acti￿lIeS in thcpcriod tn which the liability 8riJe5. All tan8ibl¢ fJKed assets ¢o$ting in ¢x¢e88 of £2500 a YAlue to the charity 8reai¢r thgt) OD¢ y¢aT. other than th(bse acquired for 4Kcific PUryM)w, ar¢ ¢apitslised No depreciation 18 ¢haTged on thc prop¢ry on the thar the estimated resith181 vatue of the prowly is nol CODsidered ￿ bc si8nificgntly differtnt from the carryiii8 valut of the 855ffl and iherefore thc deprecialion char8c and the a¢¢urwlaLed depreciaiion are hot 1ll4teri￿ although. due iu Ibe notutc of the PTOPCrtits. th¢ do rM)i believe that a rtliablc rnark¢¢ valuation Is possibl¢. D¢pttriiiion is provid¢d OD b itrai8hi-lill¢ basi¥ io wrilr LTrtrthr or inilial valu¢, 1¢sJ r¢sidual value. of ian8iblc r￿ed a$3¢ts ov¢r ￿k￿r¢S(ln￿1¢J usdul liv¢8, ￿ fol]ows'. reehold Buildin85-. LeasLhold iinprovernetii8 Pl#nt arKI rnathinery J years Fixcd as￿ investments ire ¥thtrd ai market valve 81 the bo]anc¢ shea thte. Unrealised gains los$es Tepr¢Knt the difference between Ihe markct value at the t*8inning and th)d of the fJnan¢iil year OT. if purchased in th¢ y¢or. th¢ difftrcD¢C b¢￿en and nwket value ai the end of Ihe ye4r. Re4lised gwns and lu51￿ r¢pTCSCDi thc differcncc b¢tw¢¢n the proceeds on disposal aod th¢ mark¢1 vaiw at the start of the year or ¢091 if pllrthued in th¢ y¢ar. Stoekl Sts￿ks are vilued at the lower of And nei Tralis•ble v4lDe. Txxatlon Ilon Parish Church 15 charity for th¢ of •ppliE•blc iaxation le¥islatÈon and ij th¢rcfor¢ ttot Subj￿1 to laxatiOD on its cbaritabl¢ a¢tiviti¢S. The EbArity is wl rcgistcrcd for VAT and re￿UrceS eXF*nded thuefore ioclude itr¢¢overabl¢ uwt VAT. Debtors and ¢redl¢or8 rece1￿ble Ipay*bl¢ wllhlw ODe ye*r Debtors and creditors with no ststed int¢r¢st Tale nttivabl¢ or payable within one ycar are re7 kiTht¢it41 sJA) bdni ￿nd￿yS OAJ4 If*.887 Tol T•iwA T•tsi 81.464 2.X7 IU287 1886 5.559 3166) JJ 36.￿5 15JJJ J3JJY 10.J 1SJ53 35JS9 IQ.JB 359 12.339 OthtbuildiDISLIISLI Chw¢h tsffirccxprnjcs 11355 li￿4 IU39 7.2Y2 327 746 746 Ix) 17 iy ttsthiixd￿ty￿ bm S414rieSaroJ WE8 31075 588 J2ffi3 >X975 3• Nuwdtr¢rr4¢wk•J AIIClwJrcb ￿￿1￿￿1]3￿￿￿1 rnWI￿¥¢I￿rf1 ItiFDd wK£J1.a12￿ thE JY¥51w£3SWlknixpbJ>w t4Y*dw4Y¥ CThwÈh. ljtr23 tywr*#¢*¢*l*•d4JJ171 K*aliu£lOJ52 12023 ¢th¥￿￿9.619). l 2024 1.7SJ 299.731 79ffl0 2.1)3ml 31* D•MrnbEr2024 IJJ At l Jw1024 299.ni 62,165 5.166 301 5.131 EluninNlrdon4i4N* At )lii D￿rthrI024 67.331 367A26 2023 1771 153 39,JJ3 0.1 31 ikwJiil Iowb) I￿￿111T￿¥ 6Z7 Mts*rncntln ClOw￿tv￿￿ IODe 1,7 2S.163 11 Credts 567 165 7J19 A¢￿t￿LS 2• 1.7sxn9 IlJ15 I.7￿n9 IA19 77.532 Omni Aljl 13 Filth 2•24 LA￿ fuRd IA39 fvid 1.75OXUJ 1.75QC 1417 627 ?y) Utskryfllid 11 rutxl U*v¢lwx¢ ￿thA￿￿K¢Of£ll22 tmiwins Iw H•ll Ellon P￿ISh Church of Scolland N(*es fornJin8 part of the finandgl ststemeDts ror the )e4r ended 31st December 2024 14 Volunteers In with JJI ofscalaThJ the ¢￿s[eg￿l(￿ btttets￿ fmm rhtcthtslb￿A Hde by Wdurl￿£rS who th￿riT(¢ and tthots w￿l￿Y f￿ the I￿trIl of QuLTch. The of ¢on#T¢¥￿iLy￿1 l]ft t¢ly th¢ ¢L￿nb￿lffl ofidwmeers ¥e m￿Y var￿ thurh of the w¢wld Ft unthle 10 c(ffitiwe ii M fow The STr*￿. Th¢ ¢h•rity (y¢rw A ¢kfin¢d all ¢D¥Ao>Yu. The ofth¢ %b¢o)t aye JXM rf¢l¥cban"ly IL vas 16x1 £5881 14 Appendlx Yew ended 3151 Ilettthbtr 2024 Crttlii ￿lArth￿ 31 lknnber 2024 1.289 C*pltsl Gruwith Yund Fw 614 31.398 31.391 cteditb4J￿a btjd * JI Deeetythr 2fr24 ¥ 32.022 7273 Incorne Vund D¢￿11 Y1.398 31.988 tsfBalvAxs•31 Dt4wbEt2024 38.071 3&634 Tahp*Nry Cred5t 31 fknmbet 15