Largs St John's Church linked with Cumbrae Parish Church Jk St Annual Report and Accounts for the Year ended 31" December 2022 Budget 2023 Congregation No: 120672 Charity No: SC 009048
Trustees Annual Report -year ended 31 st December 2022 Governing Document The Church is administered in accordance with the terms of the Model Deed of Constitution. Recruitment and Appointment of Trustees Members of the Kirk Session and the Gongregational Board are the charity trustees. The Kirk Session members are the elders ofthe 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. The Locum Minister and Interim Moderatorwere appointed by the Presbyteryof Ardrossan. The Congregational Board consists of the Kirk Session members together with individuals appointed from within the congregation. Members of the congregation are invited to nominate individuals who are believed to have the skills and commitment to contribute to the management of 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 afterwhich they must seek re-election atthe next Stated Annual Meeting. It is open to the Congregational Board in the course of a year to co-opt members of the congregation with the appropriate skills and commitment to serve on the Board until the next Slated Annual Meeting atwhich such persons maystandforappointment. Organisational Structure The Congregational Board meets six times in a yearand is chaired by a board memberwho is elected by the board. Certain responsibilities are delegated to the Finance Committee and the Fabric Committee as appropriate.The Kirk Session which meets eight times ayear is chaired bythe Interim Moderatorand is responsibleforspiritual affairs within the church. The trustees present the annual report and accounts for Largs St Johns Church of Scotlandforthe yearended 31 December2022. The life and workofStJohns in 2022 has been focussed both on supporting ourcommunity and congregation as the impact of the pandemic receded, worshipping together and developing plansforthefutureviathe Presbytery Plan. Rev May Bell our Locum Minister has continued toconduct services and introduced the Coffee and Chat on a Wednesday morning that has proved very successful in bringing the congregation and members of otherchurces in thetown together. In March 2022, Session Clerks, Morna and Douglas Rae resigned and Allister McGregor and Jim Welsh wara appointed as Clerks tothe Congregational Board and Kirk Session. We have been able to continue to provide Sunday morning worship online as well as in person at StJohns. Members of St Johns have continued to serve and witness through important aspects ofourchurch life such asthe Guild, Girls Brigade and Boys Brigade. The Congregational Board and Kirk Session have focussed on the development of the new Presbytery Plan, and represented the congregation at all stages of the plan's progress. We have continued to engage with our partner Church at Katalonji, Malawi with their new minister, Rev Brown Soko. We have fundraised by selling hats, scarves and gloves. These funds have supported the formation of feeding stalls., bags of fertiliser. purchase of seeds and support for orphans and those affected by cyclone. We are grateful for all those who have continued to reach oul to others, serve others and showthe love ofchrist in ourcommunity in 2022.
Trustees Annual Report-year ended 31st December 2022 Financial Revlew The Statement of Financial Activities and the supporting notes disclose the incoming and expended resources for the year to 31° December 2022. The assets, liabilities and results of the Sunday School, the Guild and theThursday Club hav8 been consolidated with those of the congregation and the format of the financial statements complies with the requirements of the Statement of Recommended Practice 'Accounting and Reporting for Charities. The overall incoming resources were £110,346.50 with total expenditure being £147,154.83 resulting in a net operating deficit of £36,808.33. At the end of the year the overall value of investments had a market value £10,011.14 less than al the start of the year. Some of the investments held by the Trustees form part of the total of the Fabric and Reservefund and some are held in theTransport Fund.The units held intheTransport Fund fell in value by £2,892.73. At the 31°, of December theTrustees had total reserves of £365,658.47 of which £3,388.60 was held in restricted funds. This leaves unrestricted reserves amounting to £362,269.87 which includes a numberoffundsthatare designated and consequentlyexcludedfrom free reserves. These designated funds amount to £184,091.64, leaving £175,285.50 as unrestricted reserves for general use. Unrestricted Funds Income that is considered as unrestricted income totalled £107,863.29 compared to the previous year at £139,250.21 The principle source of income is offerings and other donations which totalled this year at £80,052.This was some £4,800 lessthan the previous year. All other areas of income this year. are slightly better than the previous year. With our activities not curtailed as much by lockdowns and isolation we have again seen some income from Weddings and Funerals, Coffee Mornings, other charitable activities and of course Hall lets.The flat has been let forthe full year and the manse was also let for eleven months of the year with the tenants moving out in November. We have enjoyed rental income totalling £15,950 this year from these two items.There have been no receipts that would be classified as extraordinary income. Investment income at £1,051 is £492 less than last year. Expenditure across these funds this year tolals £138,047.89 against the previous year at £105,191.17 The Trustees were asked at the start of the year to contribute to the Church of Scotland's centralfunds.The required total this yearwas £67.813- reducedto £59.633afterapplying a vacancy allowance. This was the final remitted total, thereby fulfilling the requirement placed upon the Trustees. Fabric repairs and maintenance have been ongoing this year and have included the day to day maintenance of the buildings and equipment, however pending the results of the local ministerial revue and Presbytery Plan no major projects have been undertaken this year. The total allocated to Fabric and Maintenance was £16,711.35 againstthe previousyearstotal of£5,930.26 As already stated, the unrestricted reserves include a number of designated funds. Principal amongst these is the Designated Capital Fund and the balance of £151,593 in this fund represents the acquisition cost of the manse andToc H Hall. It is therefore held in the form of freehold buildings.
Trustees Annual Report - Year ended 31 st December 2022 Restricted Funds The Africa fund was used this year to help the minister and congregation in Malawi. After fundraising some £532 we sent £1,360.00 To help with various projects which are underwayoutthere. Theyouth fund, has also been dormantthisyearwith no meetings orgatherings. The Living Room Fund records the expenses and donations received for the operation of this outreach facilityforthe local populus. The Community and Outreach fund shows the income and the payments to chosen charities from our regular Feteand Fayre held each summerand Chrislmas. Investment Policy and Performance The Trustees invest primarily in the Growth, Income and Deposit Funds of the Church of Scotland Investors Trust and thereby obtain the benefits of professional management, conlinuous porttolio supervision, spread of investment risk and economies of scale. Th8 Investors Trust has an ethical investment policy and does not invest in companies substantially involved in alcohol, tobacco, gambling or armaments. The Growth Fund is a largelyequity-based fund and it is intended for long-term investment. It seeks to provide growing annual income and a long-term increase in the value of the capital. The Income Fund is primarily invested in fixed interest stocks and is intended to provide consistent high income and to protect the long-term value of capital.The Deposit Fund is intended for short-term investment and s88ks to provide a competitive rate of interestwhile preserving nominal capital value. An investment is also held with the M&G Equilies Investment Fund for Charities (Charifund) which is designed to provide a growing annual income forcharitieswhile atthe same time protecting the long-term value of capital.The Fund is invested mainly in equities and convertible stocks and provides similar fund management benefits to those outlined above. Ri8kManagement The trustees have identified and have under careful consideration listed the following as the main risksfacing thecongregation.. Continued uncertainty for many of the congregation with regard to pandemic infections The resulting potential drop in attendances and income from the above Ageing congregation Impending restructuring of the local ministry. Reserves Pollcy The charity trustees have considered the reserves required and have taken into account their curreni and future liabilities and commitments. At the year end the congregation held unrestricted funds of £175.285.50 which were unallocated and therefore available for general use and taking account of the risks and uncertainties identified above, the trustees are of the view that the holding of this level of unallocated reserves is prudent.
Trustees Annual Report-year ended 31st December 2022 Reference and Admlnlstrallve Informallon for year endlng 31st December 2022 Charity Name: Charity Registration Number: Congregation Reference No: Contact Address: Largs St John's Church of Scotland Sc009048 120672 Trustees Klrk Session Congregational Board Principal Office-bearers Locum Minister: Interim Moderator: Session Clerks: Clerk to the Congregational Board: Church Treasurer:
Trustees Annual Report-year ended 31st December 2022 Reference and Administrative Information (cont'd) Inde endent Examiner lenbank Main Street Inverkip PA16 OAX Bankers Royal Bankof Scotland, 35- 37 Main Street Largs KA30 8AF Trustees'Responslbllltles In Relatlonlothe Flnanclal Statements The charity trustees are responsible for preparing a trustees. annual report and financial statements in accordance wilh applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicabletocharities in Scotland requires the charity trusteesto prepare financial statements for each yearwhich show a true and fairview of the state of affairs of the charity and of the incoming resources and application of resources ofthe charity forthat period. In preparing the financial statementsthe trusteesare requiredto: selectsuitable accounting policies andthen applythem consistently; observethe method and principles in the applicable Charities SORP; makejudgements and estimates thatare reasonable and prudent" state whether applicable accounting standards and statements of recommended practice have been followed. subject to any departures and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriateto presume thatthe charitywill continue in operational existence. The trustees are responsible for keeping proper accounting records which disclose with r8asonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial stalements 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 henco fortaking reasonable sleps forthepreventionand deteclion offraud and olherirregularities. The trustees are responsibla for the maintenance and integrity of the charity and financial information on the congregation's website. Legislation in Ihe United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in otherjurisdictions. Approved by theTrustees and signed on their behalf, Dated April 2023
Trustees Annual Report -year ended 31 st December 2022 Independent Examlners Report to the Trustees of St. Johns Year Ended 31 st December 2021 I report on the accounts of the charity for the year ended 31 st December 2022 which are set outon pages 12 to22 Respectlve re8pon8ibilitie8 of the trustees and examiner The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the CharitiesAccounts (Scotland) Regulations2006 (as amended). The charitytrustees considerthat the audit requirement of Regulation 10(1 } (a) to (c) of the Accounts Flegulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whelher particular matters have come to my attention. Basis of independent examiner's statement My examination is carried out in accordance with Regulalion 11 of the Charities Accounts (Scotland} Regulations 2006 (as amended). An examination includes a review of the accounting records kept by the charity and a comparlson of the accounis presented with those records. It also includes consideration ol any unusual items or disclosures in Ihe accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do notexpress an auditopinion on the viewgiven bylhe accounts. Independent examiner's slatement In the course ol my examination. no matter has come 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 Act and Regulation 4 of the 2006 Accounts regulations (as amended), and to prepare accounls which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations (as amended) have not been met, or to which, in my opinion, attention should be drawn in order to enable a proper undorstanding of the accounts to be reached Name.. Professional QualificationlProfessional Body: ACAMAICIMA Address: Date:
Trustees Annual Report Year ended 31st December 2022
Trustees Annual Report-year ended 31st December 2022
Trustees Annual Report Year ended 31 st December 2022 Accountlng Pollcles 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. Basls of preparallon 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 unrestrictedfunds, 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 process but still within the widerobjects ofthe charity. Endowment funds are funds which have been given on the condition thatthe original capital sum is not reduced, butthe income therefrom is used forthe purpose defined in accordance withthe objectsofthecharity. Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects ofthe charity. If parts of the unrestricted funds are earmarked atthe 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 applythefund. Incoming resources Incom6 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 amountcan be measured reliably. Donated service8and facilities Donated professional services and donated facilities are recognised as income when the charity has control overthe 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 volunteertime ofcongregation 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 s8rvices or facilities of equivalent economic benefit on the open mark8t' a corresponding amount is then recognised as expenditure in the period of receipt.8 10
Trustees Annual Report -year ended 31st December 2022 Interest recelvable Interest in 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 bythe Bank. Flxed Assets The charity has the right to occupy and use for its charitable objects certain tangible fixed assets, including the Church, halls and manse, vested in the Church of Scotland General Trustees. 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 Statementof Financial Activities in the period in which the liability arises. All tangible fixed assets costing in excess of£5,000 having avalue to the charitygreaterthan one year, other than those acquired forspecific purposes are capitalised. 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 the cost and market value al 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 in theyear. Taxation St. John's Church Largs 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 forVAT and resources expended therefore include irrecoverable inpul VAT. 11
Trustees Annual Report- Year ended 31 st December 2022 co r4 12
Trustees Annual Report Year ended 31 st December 2022 r<> rTh S C e4 ty- 13
Trustees Annual Report Year ended 31 st December 2022 Notes forming part of the financial statements for the year ended 31 December 2022 2022 2021 7 Staff ¢osts and numbers Salaries and wages Social security costs IlJ37 12 10,225 12 Totyl 11.349 10,237 The average number of employees during the year, calculated on the basis of a head wun¢ was as follows: 2022 2021 Musi¢ staty PreTni5es maintenance No employee had employee benefits in excess of £50.000 (2021 nil) All Church of Scoiland congregations contribute to the National Stipend Fund which bears the costs of all ministers, stipends and employer's contTibutions for national insurance, pension and housing and loan fund. Minister8, Stipends ar¢ paid in accordance with the national stipend scale. which is related to years of service. For the year undcr review the minimum stipend was £28,700 and the maximum stipend (in the fifth and subsequent yws) £35,269. 8 Trustee Remuneration and Related Party Transactions During the year 4 trustees received reimbursemnt of expenses incurred totslling £4.333.49 In addition, Largs Printing Company, whose proprietors are members of the Kirk Session re¢¢ived £2,852.70 for the provision of prinling services during the y¢ar. During the )rar a total of £17,328.IKI was dollated ts) the congregation by lrnstees. 14
Trustees Annual Report -year ended 31 st December 2022 Notes forming part of the financial statements for the year ended 31 December 2022 9 Tangfible Fixed Assets Freehold Land & Buildings Ftstures. Fittlngs & Equipment Total Cost At 1st January 2022 151593 151593 At 3 1st December 2022 151,593 151,593 Aecutnulated Depreciation At 1st January 2022 Charge for Year At 3 1st December 2022 Net Book Value at 31st Dernber 2022 151,593 151,593 Net Book VaIu¢ at 3 1st December 2021 151593 151.593 Freehold Land & Buildings Fixtures, Fittings & Equipment Total Cost At 1st January 2021 151593 At 31 st December 2021 151,593 151,593 Accumulated Depreclailon Ai 1st January 2021 Charge for Year At 3 1st December 2021 Net Book Value at 31st December 2021 151.593 151,593 Net Book Value a¢ 31st December 2020 151.593 151.593 15
Trustees Annual Report Year ended 31 st December 2022 Notes forming part of the financial statements for the year ended 31 December 2022 10 Investment5 2022 2021 Market value at 31 December 2021 Sold during year Unrealised gain / (loss) on investments Market value at 31 December 2022 212,130 185,433 io.oii 202,119 26,697 212,130 Investments at cost 61,838 61,838 The following investments are held: No. of Units 454 9,096 2,044 M&G Investments - Charifund Accumulation Units Church of Scotland Investors Trust - Growth Fund Church of Scotland Investors Trust - Income Fund 11 Debtors 2022 2021 Gift Aid Tax Refund Due 3,457 4,815 8,272 Other 5,904 5,904 12 Creditors 2022 2021 Accruals 4,755 7,653 16
Trustees Annual Report Year ended 31 st December 2022 Notes forming part of the financial statements for the year ended 31 December 2022 tri o r-4 0 rA cri vi c4 17
Trustees Annual Report Year ended 31st December 2022 Notes forming part of the financial statements for the year ended 31 December 2022 m Tr4 ¢ C 18
Trustees Annual Report Year ended 31 st December 2022 Notes forming part of the financial statements for the year ended 31 December 2022 Q Ci O c o s e C tr- C C - rfi rfi ffi Tt c 19
Truslees Annual Report Year ended 31st December 2022 Notes forn]ing part of the financial statements for the year ended 31 December 2022 Africa Fund.. This is a fund to provide support for ongoing partn¢rship projects in Africa, principallymalawi and Ghana. Restoration Fund.. This fund has been set up to record incom¢ and cxpenditure related to the refurbishmentofthe Dunn Memorial Hall. Community Outreach Fund: This fund is used to account for specific fundraising events to assist othercharitable organisations Youth Organisation Fund: has been set up from a legacy received with instructions to use it forthe ben¢fit ofyouth organisations affliiatedto St. Jol)n's The Living Room Fund.. has been set up to account for the donations, grants and costs associated in the running ofthisproject. General Fund: This fimd is usedto account forthe day to day operations ofthe Church. Fabric & Reserve Fund: This is available to fundextraordinary expenditure. Benevolent Fund.. The Trustees have set aside funds for us¢ by th¢ minister in relieving hardship andproviding support incas¢s ofneed. Flower Fund: The Trustees have set aside fimds for the purchase of flowers to provide floral decorations at church services and toprovide comfort and supportwhere required. Choir Music Fund: The Trustees hav¢ set aside funds for the purchase of music resources for use in worship. Transport Fund: The Trustees have set aside fimds to enable transport to be provid¢d for attendance atchurch services andotherrelatedactivities. Services Recording Fund: The Trust¢¢s have set aside funds for the purchase of equipment to provid¢ r¢cordings ofchurch services forthe housebound. Tea Fund: TheTrustees have set aside fimds forthe refitting, redesigning ofthe kitchen. Pastoral Care Fund: The Trnstees have set aside funds for the us¢ of th¢ pastoral care team wher¢ costs oftransport need to b¢ met. Capital Fund: The Trustees have set aside those funds that are held in the forni of heritable propety. Sunday School Fund: This is a fundforuse bythe Sunday School. The Guild Fund: This is a fLd foruse bythe Guild. TheThursday Club Fund: This is a fund foruse bythe Thursday Club. 16 Collections for Thlrd Parties 2022 2021 FoodBank Ukraine SalvationArmy 100 568 600 600 1168 700 20
Trustees Annual Report - Year endod 31 st December 2022 Notes forming part of the financial statements for the year ended 31 December 2022 17 General Fund Ineome WFO Scheme (noll Gift Aided) GiftAid 46,785.30 Tax rwovered on Gift Aid Donations Ordinary Off¢rings (Open Plate) Oth¢r Offerings, Donations Contributions from Congregational Orgallisltions Weddings and Fun¢rals Income froTll Inv¢stm¢nts Income from Deposits and Current Acounts Flat & ManscRcnt Contributions to Costs for Use of Premises from CoTrJmunity and Outsid¢ Agencies 7,978.50 11,246.81 2,547.05 5,033.45 470.00 200.00 1.000.56 43.77 15,950.00 4,854.00 96,109.44 Expenditure Ministries and Mission Allocation 59.633.00 59.633.00 1.455.00 6.307.76 1.702.69 41.70 240.00 56.30 4,973.10 5.960.00 9.167.10 224.00 F$bytery Dues Locum Salary Ministels Travelling Expenses Ministc5 Telephone and Other Expenses Pulpii Supply Church oificer Organist Cleaner l Officer Fabric Repairs and Maintenance Organ and Piano Maintenance HeAting and Lighting Council Rates Insurance Churcb Telephone and Postages Printin& Ststionery, Photo¢opying Life and Work (net cost) Church Magazine (net cost) Publicity and Advertising Grants to Congregational Organisations Cleaning Maierials and Laundry New Equipment Copyright Licellce Miscellaneous Expenses 19.256.42 5.433.54 1.313.99 1.324.80 159.00 1,542.50 22.00 500.00 29.95 0.00 0.00 2.428.92 121,771.77 D¢fi¢it for Year 25.662.33 21
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Ji IARGS: CHURC"ii or sc(Jri.AND Annual Report and Accounts for the Year ended 31" December 2022 24