THE CHURCH OF SCOTLAND LVE CK & KIRKBEAN PA USTEES, REPORT S #nd PAYMErirs A E YEAR EPIDED 31 DE 2024 C(fvngr¢g#tion No: l)80437 OSC.R 011 ClTrai!l} %*WW.05(T.org.uk
COLVEND irTHCK & KIRKBEAN PARISH CHURCH EAR ENDED 31 MBER 2024 P•g• Legal and Administrative infornMtion Charity. Examine report TnL8tees' rert Note5 Retttpts & Payments Account 8+9 Stament of Balances io Rwn¢ili&tion of Bank Ba]anc Investment Portfolio C&8h Analysts 12 Funds h¢ld on our behalf by The General Tfttsttts Aptndix 13
LVEND RMATION Cowe4•tion RefN•mb: 080437 Rtr0d Clrity Nlltxb. sco(314 MthL5ter. SÉ$ioo C]L' Clerk to the Bt>STd.. ChutEh Tre&4urer. XlrkSeJ51o4 Bk ofknil8nd 192 Kir6 SIT¢¢t Castl¢ th)u8las Dumfri¢55hir¢ 71DB
DENT MINER'S REPORT OL soirrHWICK & FI)R THF. YiAR EN D31DE TOTHE TRUSTEE CYIUKCH MB£R 2(ll4 J TetKrt Ik flnanci st$t¢mts which are oJ] pws 8 10 13. bliltt ofT d Examintr Th¢ charity's Trust¥s are ]Eswbl¢ for thc pr¢wation of the in ac¢ordan¢¢ with Ihe lernis of the Chatiiies and Trust¢¢ Investtnert Iseotlandl 2(X)5 A¢1 and the Lharities Ac1 Isco'thndl RcgulBts'oD% 20(K). Th¢ ¢haritv Tru51Ee5con$id¢r that the audit rty4uwemenl ofKe8ul8tion 10111 Id) of thc AccouiiL% RY¥ulalioTrs does noi appty. It is my responsibility to ¢x8mirtc the a¢¢ount5 a5 r4uwed undei lon 4411) Icl of thc Att and lostyt¢ wbethLY parri¢ular Matt$ havca)me tomy attentrDn. My e¥amin41ion is caffied out in accothn¢e with Re8ulatM)n I l of the Cknitie$ Acc(nts (Swilandl R¢gulHtions2(M)6. An cxamwathon incl1£5 a rtvicw of th¢ aceounting rwds kept by the clwsty •)d a¢omJ)arisrm r>fihe &ci)UDtspresetW wnhthose rwTds. It it1Je5 cen5i1kratio ofw urAW81 jtems or dis¢loswrs ip tht a¢¢ounts and s#ks explanaiions from the Truses any such mauers. Ib¢ pr(xedttrts do not kyovide the evidenco would b¢ rcquired in an adi¢ ¢onseqLntly. l (k> llDI exwe55 an audit opinion on theoUn $ stsieme In th¢wwg¢ of my &Naminatiot4 no lltter b&4 corn¢ tomy attention.. I. 8iYes me rtgonable Cause to lIeve that iD any matCTial Tespectth¢ r¢quirtsn•ts.' to kc¢paccounling rtords in a¢UYdatWI1h 8e¢ti(x2 44111(o)ot'th¢2005 Adjnd Regu]atioD 4 of th¢ 2(XJ6 Acwurtts KegulatN)n$.And to w¢paTe acUnts whi¢h accor4J with the llccounting [Wra5 PIY with Rcglllatith of the 2006 A(*oullts R¢8uJatioo ba m¢L or 2. To Whic in my opinim sbould b¢drawn irt OTd£rkn EnBble a pMPerdersIad1gvf th¢
KIRK TRUSTEES, RE I DECEMBER ThB Tr8t¢C5]MCntthcir[ep?rt with the Stat¢5of the charity fortheyearend•J 31" DKcmber 2024. CoverDIDE dotwmttht The Chureh i8 athnthist¢rtd lTrrdIncc with theterns of the tl¢¢d OfctilUttOn lor tcd of Con¥tilution (Uniwy Fornill. Membcrsof the KidÈ dth¢Con8reBati0n&1 BoDrdorn the Ctrwity Tntst¢¢s. The Kirk Session memtr ¢ th¢ Eld¢r5 of the ckur¢h and Are ChC from th(e th¢tnb¢r5 of thp church who ate considered to have the apprnprie gifts ond skill$. Th¢ Minis. wh0 15 a member of the Kirk StSSiQll. is ¢l¢cted by the congregation ond indueitsl by Prt3bytery. Th¢ Con8rewional Bogrd is APPOintEd from within the congre8at&OD And membets of the wn8re8ation ¥re invited io JMHnUJatt individyth who are believed to have the skillg ana ¢omminnent to conthbllte to the m•4pgffnent affairs of the Chut¢h end to btcthn¢ mNber5 of the BoBrd. Boord Members #Ye then wintyj &tthe Sthtrd Annual Meetitig attd serv¢ foTa wxwjof three years afttr whiEh th¢y mwt seek rty ele£iion ag the DexIst¢4 AnllU M¢¢tin& OT¥XD15RtIDn The Conuegakn Bts rwTh512 >le for the of rhurch life, rneets follr tim¥ a ye#r. Ccr respo81blIIicS fire delegAtrd to th¢ Finanr¢ Cornmittee and EO the Fabric C05nmitEec as apprOPre. Also, th¢ Kirk SessiON ehairwj by th¢ Minisierllntrrim Moderttor. rn¢¢ts fourt¢5 aye4r alld ts r¢5pvnsibl¢ for sp2riti] affairs the rhurch. Rtskr The ThteeS have examtntyj the major StrOtegK operational risks which the ¢vIty fKe5 8Dd eonfinn that Sy5t¢m5 hDYe been b]illO to ¢nabl¢ r¢8u]&T rcp)rts to be 50 thBt the neccssEry gt betskent0minimi1b risk& Oblee¢fvos •d adfvlti The Churth of scland 13 Trinitèri IN doth1¢. R¢fornied in trndition Attd PrE5bytrrian in wlity. li exists to 810rify Gtdand towork fiYth¢¥4JvfinttmentofehtisVs KingdfjTn throu8houtthe As• churc it kntswk4 a di5EiDctive e411 aDd thty tts brllL8 dIaC¢S of relitw ts) the pwpl¢ eycry of Scotland thrgh ¥ ¢0[11 rn15ty. ThergatiOn L8retffut&1 pbYtery thdpltys agrtiD thegovernwof thturCb ka]ty. Srr )bJ1}V Artivities" ab)w.
Our pri[ JOUTCC of fvom th¢ iTrvesUntnt rM)rtfolio Thuc FTov¥Je tknth wbkh 41¢ fw L¥h restricted use. This incothe is SUFF¢n1ed by collectiws through the"Free Will Ofknns"ITrW0)meth Dnd plae0p1¢d5lhr¢giar(IMJgrc8atlong1Ving1TO sUndgori. Muslofthe5e ale Gift Aidvd. W¢ to 4 nurnberof puishiw¢r8 movin8 thew OJninB fnm the FWO envelqw lo bank STatKlin8orderg. lvtthrllt PDlky In led8[WEth Twust tknJ.theThes hav¢ th¢ pmerto illvcst UL Juch sth¢kA, ¥b%. invathThts prorm they$¢¢ fil. This in¥estmtttt ty. dEle84Eed to EvetyD Ptrers Inve4uneniManwmentl l.P 8rentrrtsrrilQnSOTr the chariws Powerto snvest and the1rnsteeJbavenw wJoOedan ethicd p)licy. Re5erve5 pDIty h Isthe TTuMees' ]CYt0 hokl Cash r#•vts ofar4wximately three month$ ofthe projemed aDnual expeodl¢w¢ cludingdesBtiaEed fvnd& The kvel of reseryes i% wbject to ¥1¢ ty th¢ Lolw¢I¢ Bo•rd. The Cbllr¢b Also acc io iDvestynent incotnt. unmtricd and rD5trirtd ifwured. rFllbric ad FInGECOmM5ees Mtti re1rty0 airn to he&Uk wpknned fabrictnaintsn8me WQt* ¢osutpth4Ie Adhere ournn2l IN• PLW.
SOUTHWICK & EAN PARISH CH RCH TES TO THE RECEIFfs and PAYmErS ACC FOR THE YEAR ENDED 31 DECEMBER 21ll4 Trutrt & CoDnectal Pemu rethuner&tN)n upeD Durin8 the ye&r a Trust¢¢, the Rev'd. J Murdorh reI¥¢d £4,936 in cornbined trav¢1 and getternj expenses. In addition. Mr. IL F¢r8U4 who i$a me]nbBrof the ConwgatiOn8J Boarf T¢ttived £928 for pmiding hi5 servic¢s Chw¢h Officts 8nd Mr5. J. F¢rgus. an Elder. rec¢iv¢d £4.044 as full-titDe Church Orwist. Mlnhters. Stlpttsd All Church of scot1 congre8ation$ ¢ontr¢buTe to theNational StiFThJ Fund wbicb be4rs th¢c03ts0f all ]ninisters' stiF¢nds and nployeV5 contribvtions for national insuT2ncetr pension and housing and loan fi2nd. Ministrrs, indS# paid in cOrde wtth the I101 stip¢nd scale. which is related to ye4rsof servict. Fortheye&r und¢rrevi¢wthe minimum stitKndw48£31.6428ndthemaXimj stipend in the 5 and 8ubsequeMt yea]¥ of service is £38,884 InvtatmeDts held ID ch1 ofknllDd Invegtor8Trut eCongtioll holds inv¢sknents in The Chutch of Scot]8JJd ]nve5ti)r5 TTUSL The v8Jues at 31 Dxemlxr2Q24 were as follows.. CowoUdAtsI Fabrlc FuDtt-CapltAI A¢eolltst{heid on our behalf by GeDernl TTh$ttu) Credit l¢be[d JI eber 2023 at cost £31034 CTtdtt ba18Ote held JI D¢ix4nber 2024 at eost £32.034 M8Tket value of banC¢s 31 December 2¢r24 £49,091 ConlId1¢ FAbrf¢ FYxd- Rev¢nw A¢eoullt(btld on onr bebAlf by GtDeTrl TrM*¢os) Credit Ixisnte 31 D¢ber2023 £ 9.S(Y) Credil 31 Dt¢ernber2024 £ 11,452
RKCEIvfs Af4D PAYMENTS ACCOUNT FOR THE YEAR ENDED 31# DECKMBER 2024 2024 2023 UDrestritted RMtrl¢tsJ Exptmdablt Tofal CEllYS FWO 4228 4.228 5,144 7,549 7.549 8J51 Visitor DtiOnS 550 550 215 stdInOrders 12,430 11430 10.555 FuneralsJWeddiD8S 2,100 1160 2.650 Oth¢r Colle¢tions 6.104 Gift Atd Tax RttoveT•J 4.489 Futhsin8A¢tivity 5302 5,502 3 J75 10.500 10,5 Gener4J Truste¢s 2J83 2J83 io.(M)o 50,(KIO 60.(MJ) 60.0 47J68 107J68 102J&l 41.168 IS17 24054 TOTAL RECEIPTS 163ffj23 127337
COLVEND. SOUTIIWICK & KIRKBEAN PAIUSH cilliRCH RECEIVTS Af4D PAYMEfws AccoiJNf WOR THE YEAR EP4DED 31" DECEMBKR2024 EDdowmtkt UttTeytri¢ted Rffltri¢ted pendab Totsi Totsl Minisrry All(*4tion 27288 27288 27.821 Vawcy Allow8[e R¢paymurt 531 6.531 Presbyt¢ry Dutt% 870 870 870 Mini5ter5 travel & other¢osts 4.936 4,936 5,486 Jlpit Suppty 2.819 1819 1,394 Cleaner 1.682 1,682 Fabri¢ Mainten 15,147 15,147 37222 Mans¢ CowJ¢il Tax 3,036 3,036 3,002 IDsuran¢e 7,098 Elettricity 1.498 1,498 HeAtin8 Oil 4.445 4,445 AgThated Church Pmpety Costs 17.154 Chllh Off 6.860 6.800 7.508 Or8)15t 3,952 1.626 1.626 Fundraisittg Exp¢n8es 286 286 Investsnertt maneme11t Costs 8.122 3,414 11,536 7,035 8&166 3,414 99.702 115A67 lYETRECEIPTSIAvmENrs} (40,798) 43JII6 61ffj73 63.921 11.770 SURPLtFSIIDEFIcfT) forye4r 140,795) 61th73 63.921 11,770
COLVEND. soifniwIcK& KIRKBEAN PARISH CHURCH STATEMENf OF BALANCES AT 31° DECEMBER 2014 2024 2023 CASH AT BANKAND IN HAND Coty8ftgtioD41 BO A¢wpn¢ 11,633 4,725 TOTAL 35051 INVESTMENTS Sto¢kMarket ltturltlts dmlMier¢d by EvelyD rther1 MxrtiD bequeBt A¢MuDt 467¥58 444J12 Unrvjtrkted athd Fbrie Fund 203.161 241J60 Cbm of SLlld lllvutmeDt trwt CoD•olidat¢d FAbrSc Fu•d 43A86 41J42 TOTAL 714305 727ffj14 io
COLVEND. soifnJwIcK& KIRKBEAN PARISH CHURCH YEAR ENDED 31. DECEMBER 2024 RotIllItitsn 0[Bk At 11¥ Dd ettd ofptriod: Colvend, SoJthwick & Klrlthe4ll Church CorywAtlottxl BoAnl Ae¢oixL 31n2nOU OpElliMg Bthn¢¢ £ IlJ35 Net RtteipW(PAytheDts) £ 19491 Trar from Beqymt A¢eooxt £ 4WO TrATer to BeqHut Ac¢ouit (£ IWJ) 31112121ll4 Clojiry Bth#te £ 3S026 Colvemd. Sonthwl¢k& KlrkbtaD Chu Bt4UUtAwouDt 31112r2023 OpenlDg Blxnce £ 472S TrADJfew fyom Congre¥¢101 Board Aecoint TTaDSteT to Congrekation41 BoYd AetOUDt (£ 110) 3V12n024 elr1¥ BAl*llet £ 825 li
COLVEf4D. SOiryItWICK & KIRKBEAN PARISH CHURCH INVFSTMENT PORTFOLIO CASHANALYSIS FOR THE YEAA EIYDED 31" DECEMBIR 24 21124 F•bri¢ Fyid OpelllDg 43,686 4&476 2.162 74.843 R#tlpts Inc(wtLe frutll InVeSents 15,0 41.168 56.255 24.354 Expenaej manag¢[nt F5 3.414 8.122 7.035 N¢1 Re¢elp 11.673 33,046 44.719 17J19 surp17(DentItl forYe•r 11.673 33,046 44.719 55 J59 81 J22 136,881 92.162 Aethll#ts#miroved by TrHitoe4 0 2111 3.¥.4 21Tr2S
FUNDS HELD BY THE CHiIRCH OF SCOTLAf4D GENERAL TRUSTEF5 R THE BENEFrr OF THE CONGREGATION IIW7 Colvt#d. SollthTrl¢kAlld Kirkl conuld¢ Fxbric 2024 CAPITALACCOiTr Credit baltnee5 held at 31# Decanber at cost 32,034 Market Yallle of bAlanc¢s at31 DeceEnb¢r 49,091 CTdtt b8¢¢ al 31# De£fflDbEr 11.452 TEMPORARY ACCOUPll Credit bal at 31• December IDdIvIdu 2024 Credit balance heid atjl. December at cos¢ M8rketvlllu¢ of [SACeS at 31" Dember Credii balan¢¢ held 8¢ 31 DeMb¢rat¢0$t Moknvilue of kn]antts 8t 31. D¢cemb¢r 13