KINCLAVEN CHURCH OF SCOTLAND Trustees Report and Accounts For the year ended 31 December 2024 Congregational Reference Number 271618 Charity Number SC009251
Kinclaven Church of Scotland Report of the Trustees for the year end 31 Decunber 2024 Referenee and Administrative InforniAtion Charity Name: Killclaven Church of Scodand Charity RegIstratll Number: SCO(P)251 Congregalw)n Reference Number: 271618 pe1
Kin¢laven Chureh of Scotland Report of the Trnstees for the year ended 31 De¢emb¢r 2024 Strueture, Governanee And M2n*gement Governing Document The Church is administered in accordance with the temis of the Deed of Constitution (Unitary Form). Recruitment and Appointment of Trustees Members of the Kirk Session are the charity trLtstees. The Kirk Session members are th¢ elders of the church and are chosen from those members of the church who are considered to have the appropriate gifts and skills. The ministrr. who is a member of the KI sessio is elected by the congregation and inducted by Presbytery. Organisational Strnethre The Kirk sessio which nornially meets six times a year. is resp)nsible for spiritual and financial affairs within the Church. Objertives and Activities The Church of Scotland is Trinitirian in doctrine. RefoTmed in tradition and Presbyterian in polity. It exists to glorify God and to Work for the advancement of Chrisl's Kingdom throughout the world. As a national Church. it acknowledges a distinctive call and duty to bring the ordinances of religion to the people in every parish of Scotland through a leitOrial ministy. It Co-operntes with other churches in Vario ecumenical bodies in Scotland and beyond. Services are conducted every Sunday at 9.45am with crèche available if required. Various social events are held during the year. for example. coffee mornings. An active Guild meets once a month during the winter. A recent iniliative has begun, called Warni Spaces. with funding &ssislance from Perth and Kinross Council. reaching lut to members of the local community to come to the Church Hall for company, a snack and hot drink in the winter months. Financial Review The principal sources of income are weekly offerings, Gift Aid Donations. Investment Income, Weddings and Funerals. Investment income dekxnds on the stock market which can fluctuate. Reserves Poli¢y It is the Trustees Policy io hold reserves of approximately six months expenditure including designated funds. At the end of the year the Church held unrestricted funds of £221,435. Page 2
Kinclaven Churcb of ScollaDd Report of Ihe Trnstees for the year ended 31 Deeember 2024 The Church also held £2,620 of restricted funds which have been providcd for the purpos¢s 5pecifJed in Note 2. Statement of Tru$te¢s' Responsibilities. The meTnkns of the Kirk session rnt prepare financial statements which give sufficient detail to enable an appreciation of the transactioL8 of tk Church duTtng the financial year. The members of the Kirk Session are resFM)nsible for kecping propcr accounting records which, on requesL MSt refleci the flnancial position of the Church al thal time. This rnust be done to ensure Ibat the f1claI statem¢nts comply with the Chan'ties and Trustees Investment (Scotland) Act 2005: tF.e Charities Accounts (Scotland) Regu]ation5 2006 the Regulations Anent Congregational Financ¢ approvcd bv the general Assembly of the Church of Scotland in 2CK)7. They are also responsible for safeguarding tk assets of Church and must take reasonable steps for the prevention and lor detectton of fraud and other irregularities. Approved by th¢ Truslccs and signed on thir }half, Pa8e 3
Kinelxven Church of Seotl%nd Report of the Trusttes for the year ended 31 Deetmber 2024 IDdep¢ud¢nt Examiner's Report I report on the accounts of the th&ity for the year endol 31 December 2023. which are set out in pages 5-10 Respective respoL8ibilities of InLqttes and examiner The charity's trustees are responsible for the preparati of the accounts in accordance with thc ternis of the Charities and Trn4tee Investment (Scotland) 2005 Act and the Charities Accounts (ScotIand) Re£ulation8 £006. The charity trLLSteeq consider that the audit requiiemenl of Regulation I 1) (d) of the Accounts Regulations drts not apply. It is my respOlbIlIty to examine the accounts as required under *ction 4411) (c) of the Act and to Slate whether particular matters bave come to my attention. Basis of Independent Examiner'i statement My examir]ation is Caled out in accordance with Regulation I l of thc ChaTitiCs Accounts (Sc.otland) Regulatio 2(X)6. An eKamtnallon includes a review of the accounting records kcpt by thc clwity and a compalison of the accounts pTrsented with those records. It also includes consideration of any unusual items or disclosures in tk accounts and se¢ks explanations from the truste¢s concerning anv such maueTS. The proceduTCS undertaken do noi provide all the evidence that would be required in an audit and. con8equcntly, I do not express an audit opinion on the aco)unts. Independent ExAminer's Statement In the course of my eknnlination, no matter ha5 come to my attention which gives mc reasonable LXUSe klieve that in any matrrial Tespect Ihe requirem¢nts: to keep arcounting records irA &cOrde with section 4411) (a) of the 2005 Act a1 Regulation 4 of the 2006 Accounts Regulation5. and to prepare accounts which accird with the accounting COrdS a1 comply with Regulation 9 of the 2006 Accounts Regulations have not been meL or to which, tn m) opinio[4 attention should be draTrvn in order to enablc a propcr understanding of the accounts to be reached. I l. March 2025 Page 4
Kinclaven Church of Scotland Receipts and Payments Account Year ended 31 December 2024 Unrestrieted Ro8tri¢ted Funds Funds 2024 2024 Total 2024 Total 2023 Receipts Donations Legacies WdIng and funerals Investment income Use of premises l Miscellaneous Income Coffee morning and sak of mugs Note 21.592 2.000 21,592 18,947 5,000 2,549 4,721 120 40 339 29.035 40 339 29.035 943 32280 Pertb and Kinross Council - W8rn1 Spaces Grant Guild donation for Church chairs 175 469 175 469 Total Rtteipts 29.679 29.679 32,280 Payments Costs of genering funds Charitsble activities Governance costs 81 33.207 2(K) 81 33.607 2(M) 663 24,944 200 400 Total Payments 33.488 400 33,888 25,807 Exeess of Reteipts over Payments for the year before trnnsfers {3.809) (400) {4.209) 6.473 Transfers Excess of Rffeipts over payments for theyear 3,809 (400 (4209 6,473 Page 5
Kinclaven Church of Scotland Statement of Balances At 31 December 2024 UnrtStricted Restrirted Funds Funds 2024 2024 Totsl 2024 Total 2023 Iyol Bgnk and Deposit Balances Bank & dq)ositbaJances brought forward 9,598 3,020 12.618 6,145 Movement in year. Excess l(Deficit) of RApts ovcr Paynts for the year {3.809) (400) (4,209) 6.473 Bank & deposit balanLxs Lwried forward 5,789 2,620 8,409 12,618 Investments at marftet vallle 215.647 215.647 201,886 Total Funds 221,436 2.620 224.056 Assets Liabllities Agency Collectx)n The accounts were approval by Trte¢S on 4 Marth, 2025 For and on behalf of ttle Trustees Susion Ckrk Elder Page 6
Kinclaven Church of Scotland Notes to the Accounts for the year ended 31 December 2024 l Movements in Fund8 GXID I (Loss) AtlJan 2024 At 31 Dec TransferJ Investments 2024 Receipts Pvdyments Unrestricted funds General Fund 211.484 211,484 29.679 29,679 33.488 33.488 13,761 221,436 221,436 Reslricted funds John Gowans Bquest Fund Merc£r Nairne Fund 2,384 636 3,020 2,384 236 2,620 400 41Kl Total fund5 214,504 29,679 33.888 13.761 224,056 Purposos of R£striL%ed Funds John Gowan B4uest Fund- to provide support to youth organi5ations within the church Mercer Nairne Fund - to provide 5UPPOrt to further the education of young pa)ple in the parish. Investmettts Held Localty. RevaluatK)n Gain l (Loss) 2024 Charifimd - M&G Charities Investment Fund COS Investors Trust- Growth Fund COS Investors Trust- Income Fund COS Investors Trust- Deposit Fund 197,580 5.104 12,863 100 215,647 185.233 4.504 12.049 12,347 600 814 201.886 13,761 Page 7
Kinclaven Church of Scotland Iyotes to the Aeeounts for the year ended 31 December 2024 2 Anatysi8 of Reipts Unrestricted Restricted Funds Funds 2024 2024 Total 2024 Total 2023 orrerings WFO Schemq non Gift Aid Gift Aid Donations Tax Recovered on Gift Aid Donations Ordinary Offerings - Plate Other Offerings 1.404 10.310 1.404 10,310 1,586 9,520 4,158 3.759 1,961 21,592 4,158 3,759 1.961 21,592 3,407 3,784 650 18,947 3 Collections for Thinl Parties 2024 2023 Poppy Scotland Christian Aid Wcek Cash For Kids CHAS, Rachel House Cath's Kitchej) World Day of Prayer Disas Emergency committee Muddle FAst Appeal Christian Aid Turkey/Syria Earthquake Appeal 2(Kl 550 157 407 250 200 515 100 100 250 71 206 350 1,586 1,870 4 Trustee Remuneralion and Relat Party Transactions During the year. one trustr received remiuneration of £2.(KIO in respect of organist fees and one tNstee received remuneration in Kspect of pulplt supply amounting to £4,070. Four Irustees re1ved reimburseTncnt of expenses amounting to £1,297. 5. Minister's stipend All Church of Scotland congregations contribute to the National Stipend Fund whKh bears the costs of all ministers. stipends and employerfs contribulions for national insuran(Y. pension and housing and loan fijnd. Ministers, stipends are paid in accordance with the national stipend scale which is related to years of Servi For 2024 the minimum stipend is £31.642 and the MlMuM stipcnd (aft¢r 5 years and subsequent years of service) is £38.884. Page 8
Kinclaven Church of Scotland Notes to the Accounts for the year ended 31 December 2024 6 Anatysis of Payments UnrntrKted Restricted Funds Funds 2024 2024 Total 2024 Total 2023 Costs of generating funds Offering Envelopes Mugs for resale 81 81 87 576 663 81 81 Ch2rit4ble activities Giving kn Growiministy and Mission Presbytery dues InlM Moderaknrfs expenses Pulpit supply Vacancy costs Organist's fees Fabric mainteTW)cE- Church Fabric maintenance - Hall Electricity - Church Electricity - Hall Heating oil- Church InsurdnLr- Church Equipment Other expense5 7.924 7.924 404 281 4,070 6.830 340 180 3,496 240 2.000 2,870 4,482 130 503 1,283 2,028 281 4.070 2,000 9,213 9.213 305 1,172 1,270 2,052 3.972 544 33,207 305 1,172 1270 2,052 3.972 544 33,207 562 24,944 Governance costs Independent examiner's fees 200 200 2(M) Page 9
Kinelaven Church of Scotland Accounts for the year ended 31 December 2024 APPENDIX FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SC(yfLAND GENERAL TRUSTEES CONSOLIDATED FABRIC FUND 2024 2023 CAPITAL ACCOUNT Balance held at 31 December at rA)St 42,095 42.095 Market Vue of Balance at 31 DeLvnber 61.617 58,704 REVENUE ACCOUNT Crait Ba]ance at 31 Decemb 7.152 4,721 Page 10