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
irTH￿CK & KIRKBEAN PARISH CHURCH
EAR ENDED 31
MBER 2024
P•g•
Legal and Administrative infornMtion
Charity. Examine￿ report
TnL8tees' re￿rt
Note5
Retttpts & Payments Account
8+9
Sta*ment 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 Apt*ndix
13

LVEND
RMATION
Cowe4•tion RefN•mb*: 080437
R￿￿t￿r0d Cl*rity Nlltxb￿. sco(￿314
MthL5ter.
S*É$ioo C]*L'
Clerk to the Bt>STd..
ChutEh Tre&4urer.
XlrkSeJ51o4
B￿￿k 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$t¢m￿ts which are oJ] pws 8 10 13.
bliltt
ofT
d Examintr
Th¢ charity's Trust¥s are ]Eswbl¢ for thc pr¢wation of the in ac¢ordan¢¢ with Ihe lernis
of the Chatiiies and Trust¢¢ Investtnert Iseotlandl 2(X)5 A¢1 and the Lharities Ac￿￿1￿ Isco'thndl
RcgulBts'oD% 20(K). Th¢ ¢haritv Tru51Ee5con$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 incl￿1£5 a rtvicw of th¢ aceounting rwds kept by the clwsty •)d
a¢omJ)arisrm r>fihe &ci)UDtspresetW wnhthose rwTds. It it￿1￿Je5 cen5i1kratio￿ ofw urAW81
jtems or dis¢loswrs ip tht a¢¢ounts and s#ks explanaiions from the Trus*es any such
mauers. Ib¢ pr(xedttrts do not kyovide the evidenco would b¢ rcquired in an a￿di¢
¢onseqL*ntly. l (k> llDI exwe55 an audit opinion on the￿oUn
$ stsieme
In th¢wwg¢ of my &Naminatiot4 no ll￿tter 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¢UYdat￿WI1h 8e¢ti(x2 44111(o)ot'th¢2005 Adjnd Regu]atioD
4 of th¢ 2(XJ6 Acwurtts KegulatN)n$.And
to w¢paTe ac￿Unts whi¢h accor4J with the llccounting [W￿ra5 ￿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 pMPer￿dersIa￿d1￿gvf th¢

KIRK
TRUSTEES, RE
I DECEMBER
ThB Tr￿8t¢C5]MCntthcir[ep?rt with the Stat¢5￿￿of the charity fortheyearend•J 31" DKcmber
2024.
CoverDIDE dotwmttht
The Chureh i8 athnthist¢rtd lTr*￿rdIncc with theterns of the tl¢¢d Ofc￿￿tilUttOn lor t*cd 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 Ch￿C￿ from th(￿e th¢tnb¢r5 of thp church who ate considered to have the
apprnpri￿e 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¢ m*Nber5 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
respo￿81b￿lIIicS fire delegAtrd to th¢ Finanr¢ Cornmittee and EO the Fabric C05nmitEec as apprOPr￿e. 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 Th￿teeS have examtntyj the major StrOtegK operational risks which the ¢￿vIty fKe5 8Dd
eonfinn that Sy5t¢m5 hDYe been ￿￿b]ill￿O to ¢nabl¢ r¢8u]&T rcp)rts to be 50 thBt the neccssEry gt
betskent0minimi*1b￿ risk&
Oblee¢fvos *•d adfvlti
The Churth of sc￿land 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 ￿dI￿a￿C¢S of relitw ts) the pwpl¢ ￿ eycry of
Scotland thr￿gh ¥ ￿￿¢0[1￿1 rn￿15ty.
Ther￿￿gatiOn L8retffu￿t&1￿ p￿bYtery thdpltys ag*rtiD thegovernwof tht￿urCb ka]ty.
Srr ￿)bJ￿1}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 pla￿e0￿p1¢d￿5lhr¢g￿iar(IMJgrc8atlon￿g1Ving1TO sUnd￿gori￿. Muslofthe5e
ale Gift Aidvd. W¢ to 4 nurnberof puishiw¢r8 movin8 thew OJn*inB fnm the FWO envelqw lo
bank STatKlin8orderg.
l*vtthrllt PDlky
In le￿d8￿[￿WEth Twust tknJ.theTh*es hav¢ th¢ pmerto illvcst UL Juch sth¢kA, ¥b**%. invathThts
prorm ￿they$¢¢ fil. This in¥estmtttt ty. dEle84Eed to EvetyD P*trers Inve4uneniManwmentl l.P
8rentrrtsrri￿lQnSOTr the chariws Powerto snvest and the1rnsteeJbavenw wJoOedan ethicd
p)licy.
Re5erve5 pDIty
h Isthe TTuMees' ￿]CYt0 hokl Cash r#*•vts ofar4wximately three month$ 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. unmtric*d and rD5trirtd ifwured.
rFllbric a￿d FIn￿GECOmM5￿ees Mtti re￿1￿rty￿0 ￿airn to ￿he&Uk wpknned fabrictnaintsn8me WQt*
¢osutpth4I￿e Adhere ￿our￿nn￿2l IN• PLW.

SOUTHWICK &
EAN PARISH CH
RCH
TES TO THE RECEIFfs and PAYmE￿rS 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 re￿I¥¢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 StiF*ThJ Fund wbicb be4rs th¢c03ts0f
all ]ninisters' stiF¢nds and *nployeV5 contribvtions for national insuT2ncetr pension and housing and
loan fi2nd. Ministrrs, *i￿ndS#￿ paid in ￿cOrd￿￿e wtth the I￿10￿1 stip¢nd scale. which is related to
ye4rsof servict. Fortheye&r und¢rrevi¢wthe minimum stitKndw48£31.6428ndthemaXim￿j stipend
in the 5 and 8ubsequeMt yea]¥ of service is £38,884
InvtatmeDts held ID ch1￿￿ ofknll*Dd Invegtor8Trut
￿eCon￿g￿tioll 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 ￿e￿ber 2023 at cost
£31034
CTtdtt ba18Ote held JI D¢ix4nber 2024 at eost
£32.034
M8Tket value of b￿anC¢s 31 December 2¢r24
£49,091
Con￿lId*1¢￿ 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 D￿tiOnS
550
550
215
st￿dIn￿Orders
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
IS1￿7
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
Chll￿h Off
6.860
6.800
7.508
Or8￿)15t
3,952
1.626
1.626
Fundraisittg Exp¢n8es
286
286
Investsnertt man￿eme11t Costs
8.122
3,414
11,536
7,035
8&166
3,414
99.702
115A67
lYETRECEIPTSI￿AvmENrs} (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
Coty8ftg*tioD41 BO￿ A¢wpn¢
11,633
4,725
TOTAL
35051
INVESTMENTS Sto¢kMarket ltturltlts *dmlMi*er¢d by EvelyD ￿rther1
MxrtiD bequeBt A¢MuDt
467¥58 444J12
Unrvjtrkted athd F*brie Fund
203.161
241J60
Cbm￿￿ of SL￿lld lllvutmeDt trwt
CoD•olidat¢d FAbrSc Fu•d
43A86 41J42
TOTAL
714305
727ffj14
io

COLVEND. soifnJwIcK& KIRKBEAN PARISH CHURCH
YEAR ENDED 31. DECEMBER 2024
R￿o￿tIllItitsn 0[B￿k At ￿1￿￿1￿¥ *Dd ettd ofptriod:
Colvend, SoJthwick & Klrlthe4ll Church CorywAtlottxl BoAnl Ae¢oixL
31n2nOU OpElliMg Bthn¢¢
£ IlJ35
Net RtteipW(PAytheDts)
£ 19491
Tra￿￿r from Beqymt A¢eooxt
£ 4WO
TrA￿Ter to BeqHut Ac¢ouit
(£
IWJ)
31112121ll4 Clojiry Bth#te
£ 3S026
Colvemd. Sonthwl¢k& KlrkbtaD Chu￿￿ Bt4UUtAwouDt
31112r2023
OpenlDg B*lxnce
£ 472S
TrADJfew fyom Congre¥*¢10￿1 Board Aecoint
TTaDSteT to Congrekation41 Bo*Yd AetOUDt
(£ 11￿0)
3V12n024 elr￿1￿¥ BAl*llet
£ 825
li

COLVEf4D. SOiryItWICK & KIRKBEAN PARISH CHURCH
INVFSTMENT PORTFOLIO CASHANALYSIS FOR THE YEAA EIYDED 31" DECEMBIR
2￿4
21124
F•bri¢ Fyid
OpelllDg
43,686
4&476
2.162
74.843
R#tlpts
Inc(wtLe frutll InVeS￿ents 15,0
41.168
56.255
24.354
Expenaej
manag¢[n￿t F￿5
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
conu￿ld￿¢￿ Fxbric
2024
CAPITALACCOiTr
Credit baltnee5 held at 31# Decanber at cost
32,034
Market Yallle of bAlanc¢s at31* DeceEnb¢r
49,091
CTdtt b￿8￿¢¢ 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" D￿ember
Credii balan¢¢ held 8¢ 31* D￿eMb¢rat¢0$t
Moknvilue of kn]antts 8t 31. D¢cemb¢r
13