2024-12-31-accounts

The Church of Scotland Kiltearn Parish Church and Cornerstone Project ACCRUED (SORP COMPLIANT) ACCOUNTS 31 DECEMBER 2024 Congregatbn No: 392210 Charlty JJ•: SC O(ffJl

Trustees Annual Report Year ended 31 December 2024 Tr tn￿tee8 PTe8cnt thc allnuBJ ryort and aC￿Ullts for thc Kiltcarn PaTi8h Churth foT the y ended 31 December 2024 R¢fercnce aDd Administrative Information Charity Regi8tr8tiotiNumber. S(XK19180 392210 Kirk S¢ssioTr Memb¢rs and Trusttts Principal Offiee•bearers Mioittr.. Session Clerk Independent Examiner Bankers 53 High Street Alw Ross-shi￿ tv17 OSH

Trustees. Annual Report Year ended 31 December 2024 Strnctur4 Governance and Managemenl Governing Document The Church 18 8dminigr¢d in t¢￿dartee with the i¢rnts of Deed of Con￿l￿tiOn (or of Constitution (Unitary Forn?)), Recruitment and Appolntment of Trustees M¢mb¢Tr of ths Kirk SHsioD ar¢ th¢ ¢harity tru5e5. Th¢ Kirk Scssion maDbrr5 are ckkr5 of thc aDd ar¢ from thos¢ mcmbers of the churrh who considered ￿ heve tIL¢ Bppropriate giti% and skil]s. The mitti5t¢r, who is a m¢mb¢r of the KiTk S￿70￿ ss eleetcd bythe con8re8atioll aThl ind￿ted by Pre5byW. Objectlves And Activities Thc Chwch of Swtl4nd i5 Trilliwian in doctritiE, Retc￿￿ in tra4tion Presbyterian ill polity. It exists io 210rify G(xl und to wvrk for the a￿v￿￿emeM of Christ's Kiugdollh tlyoughout the world. a Datioml Church. it acknOwl￿1g¢S a disrinctiye call afid duty to briDg th¢ ordin4n¢￿ of Teli8iQD t(> the K¢¢)pl¢ in ev¢ry pansh of Scotland Itro￿¥h a terriiori81 minigtsy. It CO-Otws with Ch￿￿heS ill v4rioug &um¢ni¢al bts0￿ in On¢ s¢ryi¢e is held e&¢b SwKlay morniffj8. Th¢r¢ is a Bil)le Study and Prny¢r Me¢ting ¢v¢ry W¢thie8thy afte1th￿ A ehildren's club 1$ held ftn c0mmti￿c ou Friday evts)th￿. Oui Cornmtone premi￿ are opets for fcllowshw, ￿CkS and li8hi ￿11& Our mi&$1£￿ statmellt is to ir u Garing prenGc in Chri8Vs Lam¢ and in our Achievements and Performsnee The church f￿11111¢$ compTi5¢ Cornerswne ￿ the Chll￿h hall, aThJ are ￿￿d by a wmle r&)ge ofgrvups- knittm, ctrcle, a Friday ¢lub, forest manag¢mem group. Bibl¢ stydy w¥ps, Mious w4lk8rs' WUF, Pl￿¢$ Rroup.coffr¢ moinings, iourisl& c￿lists, crnft club, Kilte4rn Kcmects and AGMS of other Rroupg. To 8 i4rg¢ ¢xteM th¢ faciiiues tEplac¢ a COD￿111￿1ry centre ar¥i on occasio1￿ l>andle S￿la] is5u¢& C4)rwst(me 1$ also a local Informa￿ Centre for tiai15 a￿1 wJlks, arGba¢o]ogy and historical and heTI￿ge studies. It 15 a180 a &op-in centre attd refeml pint to other a8eDBie4 dc. Financlal Review The prin¢ipl¢ wurce of in¢ome is tr￿ltional Tvkly off¢rin88 in aided dO￿tim￿ •ttd other forn of fundrnigitig &u¢h as gfdftts from chwltoble bodies and other donatiom8. CO￿1￿￿0￿8 fiowKial monitoritsg is ncce85ary to ensurE that the church and its adjoinin8 f￿lJiti￿8 can continue to operat¢ in O SU8winable mamKT. itl this, our ei8hteenth y¢ar of operaticm from our Cafe. We wllinue to h3ve an open door policy, open ￿ all i7rewtive of CTEed, rdce) 88e or religiott We opernt¢ ow Cafe w¢th vojuntrer styff. •) Th¢ café is ¢volvinR and Wat￿11¥. b) Gitig, card% books and uaft% are Sold a librnry lending seThryce is availabk. c) A meetin8 place facililits forlocal groups ¢.g walkers and envirow￿tsl grou d) Rrgular Praw and Bibl¢ Study group5 mcet. el Genexal thfonmtion and itfornwl droTrirt facfjity. fj Shop fronr facility forlo¢AI orts and ¢rnfts. 8) ChildreJJs club for priw s¢hool chilthrr4 d￿Illg 6¢1k)ol tern) iime.- The JnaioTiry of the atiendets are families oulside the nornial attending chur¢h CQTAgr¢gatioTr. h) CTrft8row. We ￿ntinue to wioy the patronftge of a Very varicd c￿)8￿5¢cti0n of the village CLxnTn•. in p￿￿'cular the elderly and th0￿ living alone. Our rnain airns are to rBaeh many as wK8ible Vlith Christian love. & li8i¢nirRE e4rand èpl8ce ctrf safety aThJ we,l¢om¢ 8Th1. where ￿￿￿lary. 10 internct with other aga￿[e$ aThl ￿1p styJree%.

Trusttts, Annual Report (Cont'd) Year end¢d 31 December 2024 Reserve8 Policy Ai the y¢ara￿ the held unrid fi￿￿￿Or£34s82 o£whKh £6376 w•$ desigoatul for fthi¢ The Churth also IKld £68(P)l of Jr&tsKtr41 fi]th18 ￿1￿) havo been pro￿4 ptyp09¢8 wified ID Nots 12. ststement of Trustees, Responsibilities vi¢w of the stst¢ of affairs of th¢ ¢lwity and its fmartei&l octivities fN thAt plod. In prepWI￿ Ux)se fir￿1￿1 Sele£é suitsble #ccouDtin8 policie8 a￿d then tbmn ¢onEiswtly. Make )￿d￿ts and estirnates that are TraFA)nable and pru State whcthcr appliGabk ar(¢￿tIllg Sta￿￿th and stst¢mMts rfr¢ixTrrnm¢thkd prxti¢¢ have been folkyrt sDbj&t to my dythrts dis¢losed and ¢xpl8in￿ in tk fjmncial W4 th¢ InL*es, art ￿￿)￿Sib￿ for keepin8 proper records whicb disclose with ttgjonable rmuacy at aoy tim th¢ fill?￿la1 wJsiti(rt] of the ¢hariry alld to eDthl¢ tkn to ¢Jhsurr thDt the fi￿all¢ll1 ststemrnts comply with the Cknxties and Tn￿¢¢¢ InveStll￿1 (S¢odand) Act 21)05 and Cl•rf¢i¢s (Swtlaryd) Re￿10￿ 2(￿. WE E180 ￿SpOnsIble for B￿g￿dIng the asse¢s of the ¢hJrity •Thl he4K¢ for ￿Ing st¢P8 for the Iwoved by thE TTU8t¢¢s and si8tiedon th¢ir b¢FAIC

KlltearD Parlsh Church SC 009180 Independent Eiaminer's Report to the Trnstee8 of Kilte•rn Parish Church I rep)rton tbe ec¢¢)wits of the ¢lJarity fw th¢ y¢w ettdcd 31 Derrrn￿ 2024 Resptt¢iYe responslbilities of Iru5tees and euJHlner The charity's are res[A)D￿l>le the preporntion of the accounts in accorda¢￿e with the tenng of the Clwities Truste¢ Inve5rnt IkotEattd) Art 2005 aad the Chan"ts"es {ScthlatMI) RegulatkTh% 2(M>6. The charity ttystas ￿n51dcr that the a￿lit rt4uir¢m¢trt of Regulation 10(I) (8) to (c) of the Accoullts Reglll•tio￿ dots not llpply. li is my responsibility lo examine the ¥COLmts ag req￿Ired wider seraion 44(1) (c) of the kn and to whether B￿lS of independenl eiamlner'i #latement My aaminatiOD is cBnied ¢)ut iti 4¢cordan¢¢ with Regulation I l of the Charitie8 Aceounts (Scotlthj) Re8ul8lioD$ 2006. Ao ex•￿I00tiOn includ¢8 ¥ T¢Vi¢W of ihe I￿O￿AlitiE re¢ord8 kept by the chality and # ¢OTDP8fi8On of thc pr¢sen￿d with those records. It also iwlydtsg 0)nsi￿ort of DDY unusual itenL8 or disc105ures iti the accounts, and 8eeks explanations from an awlii, and con¥equentlyl do ¢xpr•sÈ all audii opinion t)M th¢vi¢w 8ivth by a¢¢ounts. Independent examiner'8 statement kw accovntii¥ in acwdw with se¢11￿ 44(1) (a} of the 2005 A¢t Rwhtiorn 4 of th 2(K)6 Arfowts R¢8ulations. tmd • to prepare a¢¢￿ts Thich acccrd WAth the a¢cowitinE reeord8 ¢omply with Regulati¢￿ 8 of thè 2006 Accoyots Reguiationy have not beenrt or to which, in my opinioD, attaltion sI￿￿d b¢ drwi ID order w eDpbk a prop¢¥ ￿￿ets￿lD8 of thr ac¢oullts to b

KllteArn Parlsh Chareh StatenLent of FIDanetsl Aodvldes YeAr ended 31 Deeember 2024 DLIKnated Reth¢¢d Funds Totsl 2023 2024 2024 2014 lllrmitig g¢DeT¥ted Voluntary income 31J96 34.193 34.123 2,050 170 405 10 15.411 129 19.164 3.753 11.796 36,353 114 18.425 54.892 48.139 ClwitÈble activities 33,606 450 IllJ8 450 47.771 45.019 3&056 12,608 48,671 45,919 Net ID b¢for¢ olh¢r 297 5,817 6221 UAreall41 on tsveJt#WLt 815 815 502 Net DJovemM¢ Ill 297 922 5,817 7.036 2.722 28209 5.454 02274 95,937 93215 28506 6J76 68,091 102J73 95937

Kllte*rn Parlsh Chnr¢h B8l•D¢e Sheet At 31 Deeember 2024 21ll4 2023 Tatt8ibk Fixed assets Invutsn¢Rts 80,000 82J83 81,768 C•rren¢ AB8ets Swck 148 105 14904 15.0 21.082 21230 Falling due vrtthinone ye 840 NetC¥rreAt A$￿tt 20J90 14.169 102.973 95,937 68,091 6,376 28,5( 28209 5.454 62274 Dellgnated Fuxds Regtrfitted F•ndg 12 Tot￿ FuDd9 102.973 95937 Th¢ ￿o￿lts wer¢ Approv¢d by th¢ KI￿ Session (m 18th M4Y¢h 2025 For4Dd 00 behalf of the Kirk S¢swn S¢ssioo Cicjk

Klltearn Par15h Church Aecounthig Policles The prin¢ip41 o¢countiOB poJi¢i4 Mthi¢h hav¢ b¢wJ applia wtsist¢nty in th¢amnt atsd pree¢ditig yc•r in ￿ling Cknities (issued Jnwy 2015). Basls of preparation Trystee Invest0K￿ (Scotla￿1> Act 2005, Thr C&•Jiiies A¢wmts (Swtlafrj) R¢8ulations 2C4)6. thc RcgulatiODS Con8r¢gatioDal Finaw approv¢d by thr knembly of the Chwth of Scolla￿l ID 2(K17 aDd the StstcllKtrt of nds tsicled filltds ar¢ subj¢d w spe¢ific TequireD￿ts a8 kn their ￿lch rnay i% declarrd by thc OT irauttrKbrity ￿ created througb leBAI pr￿¢￿ but #ill vrithinth¢ objwts of th¢ ¢knrity. UnrBble the of tlKsc 6tat¢m¢th of fin￿¢1￿] wivitios in th¢ wi(Ml iti Iwhi¢hth¢ liability aris¢s. InvestMnts diff¢rcnr betw¢¢n th¢ markd Val￿ at bcginDing and tnd of th¢ financial ytar or. Af pur¢hU￿ in thc ycaT. th¢ diff¢tewt bett￿ctI ¢ost and mathet valu¢ It the end of & year. Reaiid galns a￿4 lows JHv¢8¢nt th¢ diffw¢ bBttWe￿ th¢pr￿ttd5 on disp(tsAI alld tkn v4kn ai tkn of yew orcosi if purchA8¢d in the y¢Jr. TAxadon Kiltrarn Puish Ctwch i¥ reco8ni5ed 28 a charity for tht of applicabk t&￿11•xl I¢8￿￿11￿ll and as ttrwefott th)t subject to twtion on its ¢Jwitabl¢ athitr& The th•rity is wt IE8iSt¢red for VAT aTKI r¢$L￿¢￿ eXp￿d th¢r¢he in¢W¢ irTe¢ornbl¢ I￿P￿ VAT.

Kllt¢arn Parlsh Church Notes fornthig part of the flnanelal statements for the y￿r ended 31 De￿nther 2024 UllTtitrld¢d Dated Regtrlded Tot41 2024 T•tsl 2023 2024 2024 2024 I VoluDIiry incom¢ 1.125 1.474 21.814 1.616 7,336 3.429 23267 1490 6J88 1.978 142 7.336 3.429 Tax recovered ¢)n Gift Aid Endowrnent Income Pr¢sbytery AIIovdt￿t 31.596 2,599 2 Aetmtits for Ceer8tkn¢ Fll•d8 Use of Premis6S Glebe Rent 405 405 952 999 S99 999 4105 2,(550 Dividends received Baok itttcrest 114 119 io 15 51 io 129 170 Ineoml8 R•w•r¢¢ fr•m CbArlt*bh Atlivid Weddin8s alldFun¢rAL8 lJ27 851 lJ27 1.011 210 260 580 252 10,704 210 9.751 9.75 1 5JOO lJ65 Grant R¢ceived 1.365 3.753 15.411 19,164 Jl,796 114 18,425 48J39

Kllearn ParAsh Chur¢h Notes fonnlng part of the flDanelal statements for the year ￿d¢d 31 Dee¢mhr 2024 F￿dI T•)tal Tot1 20LI 2024 2024 2•24 2024 5 Analy •fR#ty•r¢u 22J92 22,392 308 21.09) 81 953 Pulpit Sytoly MiDiSterfs Expenses 213 213 1,982 2.093 1.819 2.681 8,427 532 2.681 14300 1.093 368 3.742 574 47.771 2.645 15,472 i.oij 283 5.873 561 Life and W(xk 1pm¢ 368 3.742 363 574 35.606 1.252 45,019 12.158 Gtsv¢rnn¢t Cmts Indep¢nd¢nt Examinu's Fee 450 450 900 T•tl Expettded 36.056 12.608 45,919 SupIxxt Msts havemt been separatety Id￿tif￿￿ as the In￿ consider thETe Rs only one clwithbkACtivity. Therdore Support cc6Ls re]ate WI￿llY to that activity and FAve ￿ been w•tely ideniified.

Kllt¢•rn Parlsh Chureh Notes formlAg part of the flnM¢lal stAtements for the year ended 31 Dee¢mber 2024 2024 2023 7 Stff ¢oth md av¢r48¢ ￿￿￿E¢r of ejnploy￿$ during the ¢akUlat￿ ott th¢ basis of a hewa eouLi wa$45 foUow5'. 2024 2023 All Church of Scixlafyj con8fwtions 0)m￿1)ute to the NatiollNI Stipetyj Fund w￿h b¢an the w3ts of all mini ipettd8 employ¢V$ rontnbutiow fornational its8ur￿, Fthsititi IK)USiDg loan fi￿￿. Mini8teJ¥ 5tiPB]Mts Jr id in ac￿rdanCe with thc nalionuj sliper￿ 5Gale. which is rcijtrd to yws of s¢rviGc. For the yetr utmkrrriw the sttp¢rKI £31.642 and the s1iFa (ID 8th aThd AuFwu¢nl yea[¥) £38J84 Tr•s¢e¢ R¢miu¢TatSon Ind Rd¢ed Party Trb•s•tll•n8 COU￿11 tsx Hmounkng to £2681 ill of thc maw¢ Trqppid during )rar. 8 T••glble FKx¢4 A•f¢ts Pro￿ To¢ At l January 2024 Additio 80.(MKJ Ai 31 De¢wber 1024 80,1100 Aecumvlated Deprec(*tt•n A¢ l January 2024 ch￿ loryear Eltmimted thspds At 31 Dcccmber 2024 Netlook At 31 De¢emb¢r2024 At 31 D￿emE¢r 2023 80,0

Kllt¢arn Partsh Chur¢h Notes fornthig part of the flnAncAal ststements for the Ye￿ ended 31 Detember 2024 2024 23 Mark£t valus rt31 Dumber 2024 2,583 1,768 Shareg sold 502 1.768 ThE followin8 illv¢Sim￿ts 81¢ b¢ld.. Shares C￿￿￿l10&t¢d FthAC Futhl 1.168 io Cretht 2023 A¢¢n]als IJ All￿Yth of Net A%ts Getser8J D￿ted Katricted Tutsl Fixed Assels 80,( 80.000 2J83 21,230 2J83 16,790 4.019 421 N¢t ¥F4¢ts •t 31 2•24 421 19,373 Al l J•nA•ry Ineo]blD# O•tgobkE At Jl D¢¢ 2Q24 62274 18.425 12,608 68.091 D¢A2u•ted fundF Fabrie fijnd J.454 929 0.376 Uorestri¢t¢d httdi 28209 31.925 31.628 28,506 Tf•tal tsMdA 95.937 51,279 44 J43 102.973

Klltearn Parish Chureh for the year ended 3] December 2024 APPENDIX FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAI¥D GENERAL TRUSTEES 2024 2023 Credit B4lazK¢8 l￿d at 31 D¢¢cmEcr at cosl 1,7fj8 Llfj8 Market Valu¢ oFBa]anc¢$ a¢ 31 D¢ceroF*r J,707 Cr&JltBolan￿ kt 311)¢¢em 421 913