CHARITY REGISTRATION NUMBER: SC010062
Fenwick Parish Church
Unaudited Financial Statements
31 December 2024
Fenwick Parish Church
Financial Statements
Year ended 31 December 2024
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 6 |
| Statement of financial activities | 7 |
| Statement of financial position | 8 |
| Notes to the financial statements | 9 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 19 |
| Notes to the detailed statement of financial activities | 21 |
Fenwick Parish Church
Trustees' Annual Report
Year ended 31 December 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2024.
Objectives and activities
The Church of Scotland is Trinitarian in doctrine, Reformed in tradition and Presbyterian in polity. It exists to glorify God and to work for the advancement of Christ'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 territorial ministry. It co-operates with other Churches in various ecumenical bodies in Scotland and beyond.
Locally, at Fenwick Parish Church, we provide Services of Worship every Sunday morning, and occasional other Services as advertised. There is a small group of dedicated singers and musicians who make a huge input. A few members hold a short monthly service at the local care home.
Our Safeguarding officers keep the Safeguarding Register and ensure all volunteers working with vulnerable people are PVG checked and have appropriate training. There is an active Guild and a Contact Group who keep in touch with the housebound.
Achievements and performance
Attendance in church has been maintained at a steady level, and our investment in 2023 in the live stream equipment, continues to enable those who could not previously participate, to join our services.
The Presbytery approved plan which will result in a three-way union between Fenwick, Kilmaurs, and Crosshouse Churches, for the moment, remains in place. However, the plan is due for review and will not be implemented until the Kilmaurs charge becomes vacant and until then, the status quo remains.
In July we again celebrated our Conventicle Service, which was hosted by our Minister and held in the Church Grounds. Another Service is planned for 2025, when we also hope to have a celebration to mark the formal opening of the Covenanters’ Trail which now joins the Lochgoin Museum and Fenwick Parish Church.
Our continuously developing relationship with Lochgoin was further enhanced in the Autumn when our Church hosted a Covenanters’ Storytelling project and we are grateful to for organising the production.
Sadly, has resigned from her roll as Treasurer after 14 years and will be greatly missed. We now face a major challenge to replace her.
Our roll sits at 245 members as sadly we lost 7 members during the year.
On a happier note, we conducted 2 baptisms and 2 weddings in 2024.
Risk Assessment
The Kirk Session review risks that are pertinent to the Charity including financial and reputational risks with regular assessments.
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Fenwick Parish Church
Trustees' Annual Report (continued)
Year ended 31 December 2024
Financial review
The principal sources of income are regular weekly/monthly offerings and the associated tax recovered through HMRC Gift Aid Scheme. Regular giving decreased by £1,752 in 2024, to £35,940 compared to £37,692 in 2023.
Tax recovered was also slightly lower at £6,500 compared to £7,250 in the previous year.
Hall rentals also decreased to £4,616 from £5,037 in 2023, a drop of £421. However, with the soaring energy costs, our heat and lighting bill was £8,433, an increase of £3,693 from the figure of £4,740 in 2023.
The Church also held restricted funds of £25,776 and endowment funds of £12,673.
Reserves Policy
It is the Trustees policy to hold reserves of approximately 6 months expenditure including designated funds. At the year end the Church has unrestricted funds of £5,284 (2023 - £4,076), which represents less than the normal 6 months expenditure.
Trustees' responsibilities statement
The charity trustees are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in Scotland requires the charity trustees to prepare financial statements for each year which show a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the applicable Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standard and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operational existence.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements 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 hence for taking reasonable steps for the prevention and detection of fraud and or other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information on the congregation's website. Legislation in the United Kingdom governing the preparing and dissemination of financial statement may differ from legislation in other jurisdictions.
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Fenwick Parish Church
Trustees' Annual Report (continued)
Year ended 31 December 2024
Structure, governance and management
Governing Document
The Church is administered in accordance with the terms of the Deed of Constitution (Unitary Form).
Recruitment and Appointment of Trustees
Members of the Kirk Session are the charity trustees. The Kirk Session members are the elders of the church and are chosen from those members of the church who are considered to have the appropriate gifts and skills. From 2011 onwards members of the congregation are invited to nominate individuals who are then appointed to the Kirk Session at its discretion. An intended 5-year rolling programme of re-election is yet to be implemented. The minister, who is a member of the Kirk Session, is elected by the congregation and inducted by Presbytery.
Organisational Structure
Under the Unitary Constitution the Kirk Session is responsible for all matters spiritual and temporal within the church. The Kirk Session meets five times per year and at other times as required. Day to day management is carried out by the office bearers and a Management Team composed of the Minister, Session Clerk, and Team Leaders of Property and Finance. Certain responsibilities are delegated to the Finance Committee and the Property Committee as appropriate.
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Fenwick Parish Church
Trustees' Annual Report (continued)
Year ended 31 December 2024
Reference and administrative details
Registered charity name Fenwick Parish Church Charity registration number SC010062 Principal office
The trustees
Principal Office bearers
Minister: Session Clerk: Treasurer Charity Number: SC010062 Congregation Number: 110611
Bankers
Virgin Money 30 The Foregate Kilmarnock KA1 1JH.
Independent examiner
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Fenwick Parish Church
Trustees' Annual Report (continued)
Year ended 31 December 2024
The trustees' annual report was approved on 30 March 2025 and signed on behalf of the board of trustees by:
Session Clerk
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Fenwick Parish Church
Independent Examiner's Report to the Trustees of Fenwick Parish Church
Year ended 31 December 2024
I report to the trustees on my examination of the financial statements of Fenwick Parish Church ('the charity') for the year ended 31 December 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 (the ‘2005 Act’) and the Charities Accounts (Scotland) Regulations 2006 (as amended). You are satisfied that your charity is not required by charity law to be audited and have chosen instead to have an independent examination.
I report in respect of my examination of the charity's financial statements as carried out under section 44(1)(c) of the 2005 Act. In carrying out my examination I have followed the requirements of Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended).
Independent examiner's statement
Since the charity has prepared its accounts on an accruals basis your examiner must be a member of a body listed in Regulation 11(2) of the Charities Accounts (Scotland) Regulations 2006 (as amended). I can confirm that I am qualified to undertake the examination because I am a registered member of ICAS which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention giving me cause to believe that in any material respect:
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accounting records were not kept as required by section 44(1)(a) of the 2005 Act and Regulation 4 of the Charities Accounts (Scotland) Regulations 2006 (as amended); or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting requirements of Regulation 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
30/03/2025
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Fenwick Parish Church
Statement of Financial Activities
Year ended 31 December 2024
| 2024 | 2024 | 2023 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | ||||
| funds | funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | £ | |
| Income and endowments | ||||||
| Donations and legacies | 4 | 47,273 | 5,448 | – | 52,721 | 58,317 |
| Charitable activities | 5 | 8,313 | – | – | 8,313 | 9,972 |
| Other trading activities | 6 | 4,616 | – | – | 4,616 | 5,037 |
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| Total income | 60,202 | 5,448 | – | 65,650 | 73,326 | |
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| Expenditure | ||||||
| Expenditure on raising funds: | ||||||
| Costs of raising | ||||||
| donations and | ||||||
| legacies | 7 | 87 | – | – | 87 | 81 |
| Expenditure on | ||||||
| charitable activities | 8,9 | 66,407 | 4,975 | 1,000 | 72,382 | 75,494 |
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| Total expenditure | 66,494 | 4,975 | 1,000 | 72,469 | 75,575 | |
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| Net (expenditure)/income | ||||||
| And net movements in funds | (6,292) | 473 | (1,000) | (6,819) | (2,249 | |
| Total funds brought forward | ||||||
| as previously reported | 4,076 | 32,803 | 13,673 | 50,552 | 52,801 | |
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| Total funds carried forward | (2,216) | 33,276 | 12,673 | 43,733 | 50,552 | |
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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 9 to 17 form part of these financial statements.
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Fenwick Parish Church
Statement of Financial Position
31 December 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Current assets | ||||
| Debtors | 13 | 20,750 | 14,250 | |
| Cash at bank and in hand | 30,295 | 47,712 | ||
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| 51,045 | 61,962 | |||
| Creditors: amounts falling due within one year | 14 | 7,312 | 11,410 | |
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| Net current assets | 43,733 | 50,552 | ||
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| Total assets less current liabilities | 43,733 | 50,552 | ||
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| Net assets | 43,733 | 50,552 | ||
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| Funds of the charity | ||||
| Endowment funds | 12,673 | 13,673 | ||
| Restricted funds | 34,029 | 32,803 | ||
| Unrestricted funds | (2,969) | 4,076 | ||
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| Total charity funds | 15 | 43,733════════ |
50,552════════ |
These financial statements were approved by the board of trustees and authorised for issue on 30 March 2025 and are signed on behalf of the board by:
Session Clerk
The notes on pages 9 to 17 form part of these financial statements.
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Fenwick Parish Church
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The charity is a public benefit entity and a registered charity in Scotland and is unincorporated. The address of the principal office is 1 Skernieland Road, Fenwick, KA6 6EQ.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to chastities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (Charities SORP (FRS102)) and the Charities and Trustee Investment (Scotland) Act 2005 and the Charity Accounts (Scotland) Regulations 2006 (as amended).
Fenwick Parish Church meets the definition of a public benefit entity under FRS 102.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
Fenwick Parish Church 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 for VAT and resources expended therefore include irecoverable input VAT.
Going concern
Despite uncertainties the trustees are working hard to manage cash resources to ensure as far as possible that the Charity can trade through this difficult period.
Fund accounting
Funds are classified as either restricted funds, endowment funds or unrestricted funds, 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 processes, but still within the wider objects of the charity.
Endowment funds are funds which have been given on the condition that the original capital sum is not reduced, but the income there from is used for the purpose defined in accordance with the objects of the charity.
Unrestricted funds are expendable at the discretion of the trustees in the furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the 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 apply the fund.
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Fenwick Parish Church
Notes to the Financial Statements (continued)
Year ended 31 December 2024
3. Accounting policies (continued)
Incoming resources
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
Resources expended
Expenditure is recognised on an accruals basis as the liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examiner's fee and costs linked to the strategic management of the charity.
All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource.
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Donations | |||
| WFO Scheme (Non Gift Aid) | 5,184 | – | 5,184 |
| WFO Scheme (Gift Aid) | 26,939 | – | 26,939 |
| Tax Recovered | 6,500 | – | 6,500 |
| Open Plate | 3,817 | – | 3,817 |
| Donations | 2,833 | – | 2,833 |
| Covenantor | – | 2,144 | 2,144 |
| Contributions of Congregational Organisations | – | 2,304 | 2,304 |
| Legacies | |||
| Legacy | 2,000 | – | 2,000 |
| Grants | |||
| Warm Spaces | – | 1,000 | 1,000 |
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| 47,273 | 5,448 | 52,721 | |
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Fenwick Parish Church
Notes to the Financial Statements (continued)
Year ended 31 December 2024
4. Donations and legacies (continued)
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Donations | |||||
| WFO Scheme (Non Gift Aid) | 6,083 | – | 6,083 | ||
| WFO Scheme (Gift Aid) | 27,681 | – | 27,681 | ||
| Tax Recovered | 7,250 | – | 7,250 | ||
| Open Plate | 3,928 | – | 3,928 | ||
| Donations | 3,242 | – | 3,242 | ||
| Covenantor | – | 1,841 | 1,841 | ||
| Contributions of Congregational Organisations | – | 1,292 | 1,292 | ||
| Legacies | |||||
| Legacy | 4,000 | – | 4,000 | ||
| Grants | |||||
| Warm Spaces | – | 3,000 | 3,000 | ||
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| 52,184 | 6,133 | 58,317 | |||
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| 5. | Charitable activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Weddings/Funerals | 1,700 | 1,700 | 530 | 530 | |
| Income from Church of Scotland | |||||
| monies held by General Trustees | 6,613 | 6,613 | 9,442 | 9,442 | |
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| 8,313 | 8,313 | 9,972 | 9,972 | ||
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| 6. | Other trading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Use of Premises | 4,616 | 4,616 | 5,037 | 5,037 | |
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| 7. | Costs of raising donations and legacies | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Costs of raising donations and legacies | |||||
| - Giving Envelopes | 87 | 87 | 81 | 81 | |
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Fenwick Parish Church
Notes to the Financial Statements (continued)
Year ended 31 December 2024
8. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Endowment | Total Funds | |
|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | |
| £ | £ | £ | £ | |
| Charitable Activities | 65,627 | 4,975 | 1,000 | 71,602 |
| Support costs | 780 | – | – | 780 |
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| 66,407 | 4,975 | 1,000 | 72,382 | |
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|
| Unrestricted | Restricted |
Total Funds |
||
| Funds | Funds |
2023 |
||
| £ | £ | £ | ||
| Charitable Activities | 71,466 | 3,248 |
74,714 | |
| Support costs | 780 | – |
780 |
|
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| 57,368 | 3,491 |
60,859 | ||
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9. Expenditure on charitable activities by activity type
| Activities | ||||
|---|---|---|---|---|
| undertaken | Total funds | Total fund | ||
| directly Support costs | 2024 | 2023 | ||
| £ | £ | £ | £ | |
| Charitable Activities | 71,602 | – | 71,602 | 74,714 |
| Governance costs | – | 780 | 780 | 780 |
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| 71,602 | 780 | 72,382 | 60,859 | |
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| Independent examination fees | ||||
| 2024 | 2023 | |||
| £ | £ | |||
| Fees payable to the independent examiner for: | ||||
| Independent examination of the financial statements | 780════ |
780════ |
10. Independent examination fees
11. Staff costs
| The total staff costs and employee benefits for the reporting period are analysed as | The total staff costs and employee benefits for the reporting period are analysed as | follows: |
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Cleaners Wages | 5,024 | 4,533 |
| Organist Wages | 1,820═══════ |
1,493═══════ |
All Church of Scotland congregations contribute to the National Stipend Fund which bears the costs of all Ministers' stipends and employers contributions for national insurance, pension and housing and loan fund. Ministers' stipend are paid in accordance with the national stipend scale, which is related to years of service. For the year under review the minimum stipend was £31,642 and the maximum stipend (in the fifth and subsequent years) £38,884.
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Fenwick Parish Church
Notes to the Financial Statements (continued)
Year ended 31 December 2024
11. Staff costs (continued)
The average head count of employees during the year was 3 (2023: 3). The average number of full-time equivalent employees during the year is analysed as follows:
2024 2023 No. No. Number of staff 1 1 ════ ════
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
12. Trustee remuneration and expenses
The Minister received reimbursement of expenditure during the year as undernoted
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Ministers expenses | 599 | 889 |
a trustee of the charity was paid £4,064 (2023 - £3,573) for cleaning the hall. , daughter of a trustee, was paid £960 (2023 - £960.) for cleaning the church.
Of the offerings total of £36,581 (2023 - £37,692) shown in Note 4 of the Accounts, Trustees' donations either by way of Gift Aid or WFO amounted to £8,652 (2023 - £8,652); the anonymity of Open Plate contributions prevents the church from quantifying Trustees' donations in this category.
13. Debtors
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Other debtors | 20,750 | 14,250 |
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| Creditors: amounts falling due within one year | ||
| 2024 | 2023 | |
| £ | £ | |
| Accruals and deferred income | 7,312 | 11,410 |
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14. Creditors: amounts falling due within one year
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Fenwick Parish Church
Notes to the Financial Statements (continued)
Year ended 31 December 2024
15. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | At | ||||
| 1 January | 31 | December | |||
| 2024 | Income | Expenditure | Transfers |
2024 | |
| £ | £ | £ | £ | ||
| General Fund | (3,157) | 60,202 | (66,494) | 9,500 |
51 |
| Designated Fabric Fund | 7,233 | – | – | (2,000) |
5,233 |
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| 4,076 | 60,202 | (66,494) | 7,500 |
5,284 | |
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|
| At | At | ||||
| 1 January | 31 | December | |||
| 2023 | Income | Expenditure | 2023 | ||
| £ | £ | £ | £ | ||
| General Fund | 2,577 | 66,593 | (72,327) | (3,157) | |
| Designated Fabric Fund | 6,633 | 600 | – | 7,233 | |
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| 9,210 | 67,193 | (72,327) | 4,076 | ||
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Fabric Fund - The Trustees have set aside funds for the maintenance of the Church properties.
Restricted funds
| At | At | ||||
|---|---|---|---|---|---|
| 1 January | 31 | December | |||
| 2024 | Income | Expenditure | Transfers |
2024 | |
| £ | £ | £ | £ | £ | |
| Hall Development Fund ( | |||||
| Murchland/Corkhill) | 12,052 | – | – |
12,052 | |
| Publicity Fund (Covenanter) | 3,330 | 2,144 | (1,273)) | – |
4,201 |
| Sri Lanka - Making Dreams Come | |||||
| True | 39 | – | – | – |
39 |
| Guild | 1,112 | 1,573 | (1,541) | – |
1,144 |
| Ecumenical Worship | 216 | – | – | – |
216 |
| Fenwick Babies and toddlers | - | 731 | – | 731 | |
| Adapt and Thrive | 13,469 | – | (753) | (7,500) |
5,216 |
| Warm Spaces | 2,585 | 1,000 | (1,408)) | – |
2,177 |
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|
| 32,803 | 5,448 | (4,975) | (7,500) |
25,776 | |
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|
| At | At | ||||
| 1 January | 31 | December | |||
| 2023 | Income | Expenditure | 2023 | ||
| £ | £ | £ | £ | ||
| Hall Development Fund ( | |||||
| Murchland/Corkhill) | 12,051 | 1 | – | 12,052 | |
| Publicity Fund (Covenanter) | 3,058 | 1,841 | (1,569) | 3,330. | |
| Sri Lanka - Making Dreams Come | True | 39 | – | – | 39 |
| Guild | 1,085 | 1,291 | (1,264) | 1,112 | |
| Ecumenical Worship | 216 | – | – | 216 | |
| Adapt and Thrive | 13,469 | – | (1,336) | 13,469 | |
| Warm Spaces | – | 3,000 | (415) | 2,585 | |
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| 29,918 | 6,133 | (3,248) | 32,803 | ||
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Fenwick Parish Church
Notes to the Financial Statements (continued)
Year ended 31 December 2024
15. Analysis of charitable funds (continued)
Hall Development Fund (Murchland/Corkhill) The fund is for hall development.
Publicity Fund (Covenanter) - Income from this fund is given towards the publication of the Covenanter and advertising.
Sri Lanka - Making Dreams Come True - Income for this fund is for a visit from our contacts in Sri Lanka.
Guild - represents the guild fund.
Ecumenical Worship - money received from the Mission Primer Account for development and maintenance of community worshipping at Hallhouse Care Campus in Fenwick.
Adapt and Thrive - money received for a community café and vestry plumbing.
Warm Spaces - money received for community warm spaces.
Endowment funds
| Endowment funds | ||||
|---|---|---|---|---|
| At | At | |||
| 1 January | 31 December | |||
| 2024 | Income | Expenditure | 2024 |
|
| £ | £ | £ | £ | |
| 6,077 | – | 1,000 | 5,077 |
|
| 717 | – | – | 717 |
|
| 1,262 | – | – | 1,262 |
|
| 485 | – | – | 485 |
|
| 715 | – | – | 715 |
|
| 2,678 | – | – | 2,678 |
|
| 1,739 | – | – | 1,739 |
|
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|
| 13,673 | – | 1,000 | 12,673 |
|
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|
| At | At | |||
| 1 | January 202 | 31 December | ||
| 3 | Income | Expenditure | 2023 |
|
| £ | £ | £ | £ | |
| 6,077 | – | – | 6,077 |
|
| 717 | – | – | 717 |
|
| 1,262 | – | – | 1,262 |
|
| 485 | – | – | 485 |
|
| 715 | – | – | 715 |
|
| 2,678 | – | – | 2,678 |
|
| 1,739 | – | – | 1,739 |
|
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──── |
──────── |
|
| 13,673 | – | – | 13,673 |
|
════════ |
════ |
════ |
════════ |
- 15 -
Fenwick Parish Church
Notes to the Financial Statements (continued)
Year ended 31 December 2024
15. Analysis of charitable funds (continued)
benefit of youth in the Parish.
benefit of the poor of the Parish.
-
upkeep of the headstones (1 in Fenwick, 1 in Cathcart).
-
supplement the ministers stipend.
-
to be transferred to the benevolent fund.
-
benefit of the choir.
-
discretionary use which is decided by the Trustees.
16. Analysis of net assets between funds
| Analysis of net assets between | funds | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total Funds | |
| Funds | Funds | Funds | 2024 | |
| £ | £ | £ | £ | |
| Current assets | 12,596 | 25,776 | 12,673 | 51,045 |
| Creditors less than 1 year | (7,312) | – | – | (7,312) |
──────── |
──────── |
──────── |
──────── |
|
| Net assets | 5,284 | 25,776 | 12,673 | 47,733 |
════════ |
════════ |
════════ |
════════ |
|
| Unrestricted | Restricted | Endowment | Total Funds | |
| Funds | Funds | Funds | 2023 | |
| £ | £ | £ | £ | |
| Current assets | 15,486 | 32,803 | 13,673 | 61,962 |
| Creditors less than 1 year | (11,410) | – | – | (11,410) |
──────── |
──────── |
──────── |
──────── |
|
| Net assets | 4,076 | 32,803 | 13,673 | 50,552 |
════════ |
════════ |
════════ |
════════ |
17. Collections for third parties
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Christian Aid | 286 | 436 |
| Rosyth Teacher | 660 | 660 |
| Mediterranean Hope | 931 | 436 |
─────── |
─────── |
|
1,877═══════ |
1,532═══════ |
18. Volunteers
In common with all congregations of the Church of Scotland the congregation benefits from the contribution made by volunteers who give their time and talents willingly for the benefit of the Church. The areas of congregational life which rely on the contribution of volunteers are many and varied and much of the activity would be unable to continue were it not for the commitment shown.
- 16 -
Fenwick Parish Church
Notes to the Financial Statements (continued)
Year ended 31 December 4
19. Funds held on behalf of Fenwick Parish Church by the general trustees
In addition to the assets reflected by the foregoing Financial Statements there are sums held on behalf of Fenwick Parish Church by the General Trustees of the Church of Scotland. The movements in this fund is shown below. The balance remaining in the hands of the General Trustees of the Church of Scotland at 31 December 2024 is £13,699 (2023 - £12,722).
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Opening Funds | 12,722 | 19,314 |
| Funds Received | 6,833 | 7,796 |
| Interest Added | 757 | 767 |
| Funds Released | (6,613) | (15,155) |
──────── |
──────── |
|
| 13,699 | 12,722 | |
════════ |
════════ |
- 17 -
Fenwick Parish Church
Management Information
Year ended 31 December 2024
The following pages do not form part of the financial statements.
- 18 -
Fenwick Parish Church
Detailed Statement of Financial Activities
Year ended 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| WFO Scheme (Non Gift Aid) | 5,184 | 6,083 |
| WFO Scheme (Gift Aid) | 26,939 | 27,681 |
| Tax Recovered | 6,500 | 7,250 |
| Open Plate | 3,817 | 3,928 |
| Donations | 2,833 | 3,242 |
| Covenantor | 2,144 | 1,841 |
| Contributions of Congregational Organisations | 2,304 | 1,292 |
| Legacy | 2,000 | 4,000 |
| Warm Spaces | 1,000 | 3,000 |
──────── |
──────── |
|
| 52,721 | 58,317 | |
──────── |
──────── |
|
| Charitable activities | ||
| Weddings/Funerals | 1,700 | 530 |
| Income from Church of Scotland monies held by General Trustees | 6,613 | 9,442 |
─────── |
─────── |
|
| 8,313 | 9,972 | |
─────── |
─────── |
|
| Other trading activities | ||
| Use of Premises | 4,616 | 5,037 |
─────── |
─────── |
|
──────── |
──────── |
|
| Total income | 65,650 | 73,326 |
════════ |
════════ |
- 19 -
Fenwick Parish Church
Detailed Statement of Financial Activities (continued)
Year ended 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Expenditure | ||
| Costs of raising donations and legacies | ||
| Giving Envelopes | 87 | 81 |
──────── |
──────── |
|
| Expenditure on charitable activities | ||
| Wages and salaries | 1,820 | 1,493 |
| Legal and professional fees | 780 | 780 |
| Ministries & Mission | 22,050 | 22,172 |
| Presbytery Dues | 859 | 859 |
| Minister's Expenses | 599 | 889 |
| Pulpit Suppy | - | 100 |
| Locum | 13,968 | 11,732 |
| Fabric Repairs and Maintenance | 5,715 | 6,221 |
| Insurance | 3,012 | 2,719 |
| Heat and Light | 8,433 | 4,740 |
| Cleaning | 4,898 | 5,480 |
| Postage and Stationery | 636 | 1,234 |
| Telephone | 1,027 | 1,006 |
| Sound and Vision | 1,350 | 10,527 |
| Organist Costs | 1,805 | 2,220 |
| Covenantor | 1,273 | 1,569 |
| Other Expenses | 208 | 74 |
| Church Organisations | 1,541 | 1,264 |
| Restricted Funds expenses | 1,408 | 415 |
| Endowment Fund expenses | 1,000 | - |
──────── |
──────── |
|
| 72,382 | 75,494 | |
──────── |
──────── |
|
──────── |
──────── |
|
| Total expenditure | 72,469 | 75,494 |
════════ |
════════ |
|
──────── |
──────── |
|
| Net (expenditure)/income | (6,819) | (2,249) |
════════ |
════════ |
- 20 -
────
Fenwick Parish Church
Notes to the Detailed Statement of Financial Activities
Year ended 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Costs of raising donations and legacies | ||
| Costs of raising donations and legacies - Giving Envelopes | ||
| Giving Envelopes | 81 | 81 |
──── |
──── |
|
──── |
──── |
|
| Costs of raising donations and legacies | 81 | 81 |
════ |
──── |
|
| Expenditure on charitable activities | ||
| Charitable Activities | ||
| Activities undertaken directly | ||
| Organist Costs | 1,493 | 1,493 |
| Ministries & Mission | 22,172 | 22,172 |
| Presbytery Dues | 859 | 859 |
| Minister's Expenses | 889 | 889 |
| Pulpit Suppy | 100 | 100 |
| Locum | 11,732 | 11,732 |
| Fabric Repairs and Maintenance | 6,221 | 6,221 |
| Insurance | 2,719 | 2,719 |
| Heat and Light | 4,740 | 4,740 |
| Cleaning | 5,480 | 5,480 |
| Postage and Stationery | 1,234 | 1,234 |
| Telephone | 1,006 | 1,006 |
| Sound and Vision | 10,527 | 10,527 |
| Organist Costs | 2,220 | 2,220 |
| Covenantor | 1,569 | 1,569 |
| Other Expenses | 74 | 74 |
| Church Organisations | 1,264 | 1,264 |
| Restricted Funds expenses | 415 | 415 |
──────── |
──────── |
|
| 74,714 | 74,714 | |
──────── |
──────── |
|
| Governance costs | ||
| Independent examiner | 780 | 780 |
──── |
──── |
|
──────── |
──────── |
|
| Expenditure on charitable activities | 75,494 | 75,494 |
════════ |
════════ |
- 21 -