Scottish charity number: SC010198 Congregation number: 231414
Killin & Ardeonaig Parish Church of Scotland
Annual Report and Financial Statements Year ended 31 December 2024
Killin & Ardeonai Parish Church of Scotland g Contents of the Financial Statements for the year ended 31 December 2024
| Page | |
|---|---|
| Report of the Trustees | 1 - 3 |
| Report of the Independent Examiner | 4 |
| Receipts and Payments Account | 5 |
| Statement of Balances | 6 |
| Notes to the Financial Statements | 7 - 9 |
Killin & Ardeonai Parish Church of Scotland g
Report of the Trustees for the year ended 31 December 2024
The Trustees present the annual report and accounts for Killin & Ardeonaig Parish Church of Scotland for the year ended 31 December 2024.
Reference and administrative information
Charity name: Killin & Ardeonaig Parish Church of Scotland Charity registration number: SC010198 Congregation number: 231414 Church address: Main Street Killin FK21 8TN Contact address:
Bankers: Bank of Scotland (Callander), PO Box 1000, BX2 1LB
Constitution and governance
Killin & Ardeonaig Parish Church is a Church of Scotland congregation established under the unitary form of constitution.
The Elders serving on the Kirk Session are the trustees of the charity and have been chosen from those members of the church who are considered to have the appropriate gifts and skills. The minister, who is a member of the Kirk Session, is elected by the congregation and inducted by Presbytery. The Kirk Session is responsible for the recruitment, appointment, induction and training of new trustees, when required.
The Kirk Session met seven times during the year, with meetings considering both the practical and spiritual matters of the church. Routine business is dealt with by circulation of papers.
The Trustees who served during the year were as follows:
Interim Moderator Session Clerk Treasurer (resigned April 2024)
Day to day oversight for financial matters is delegated to the Treasurer, working with the Session Clerk.
The title deeds of the church and manse are held by the General Trustees of the Church of Scotland.
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.
Killin & Ardeonaig Parish Church is an active church with worship being at the centre of its activities. Services are held each Sunday at 10am with communion being celebrated on the second Sunday of each month. Café church is held on the third Sunday of the month and continues to benefit from the internal reorientation of the church as part of the Forward in Faith project. Informal opportunities for fellowship take place throughout the year.
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Killin & Ardeonai Parish Church of Scotland g
Report of the Trustees for the year ended 31 December 2024
Achievements and performance
Weekly services are guided and delivered by a worship team from among the congregation and led by one of the elders. The monthly programme of services includes communion led by , the Interim Moderator, café church and a service prepared by but led by an elder. Remaining Sundays are elder prepared and led.
A Sunday School is held when leaders are available with forward notice being given to the congregation.
Easter services included a sunrise service at the head of the loch. A Christmas Eve service was held at 6.30pm where a choir from the Killin Primary School took part. There was a large congregation that included many people from the village.
Gifts were distributed to older, bereaved or ill members of the community during the Christmas period.
Bibles were presented to P7 children leaving Killin Primary School whose parents allowed the presentation.
The Forward in Faith project continues to be at RIBA Stage 3. The planning department finally concluded we did not need planning permission for our plans revised on their advice. However, we did need to obtain Listed Building Consent. This was granted in November.
Future plans
To continue to provide Sunday services with worship, teaching and fellowship for the congregation and to which all are welcome.
To continue to promote Forward in Faith as a way for the church to be a beacon of hope, light and life in the community.
To seek funding to allow Forward in Faith to move to RIBA Stage 4, building warrant and associated work.
To seek ways to fulfil the vision of the church. The church’s vision is:
We aim to be a Christ centred family:
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Bible based in our discipleship
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Together in our worship
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Caring in our community
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Serving with our God given gifts
Financial review
Principal sources of funding
The Church is primarily funded by church members through their offerings and the Gift Aid thereon.
Results for the year
The Accounts for the year are set out on pages 5 to 9. The Receipts and Payments Account on page 5 shows a deficit on unrestricted funds of £3,571 (2023: surplus of £14,207). There is a large deficit on restricted funds this year caused by an accounting adjustment to correct our consolidated fabric funds by removing them from the accounts and adding them as an appendix instead. This has no financial impact on the funds available for use by the church.
Total funds carried forward are £33,529 (2023: £37,100) plus £28,713 held in the Consolidated Fabric Fund (2023: £26,705).
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Killin & Ardeonaig Parish Church of Scotland Report of the Trustees for the year ended 31 Oecember 2024 Flnancial revlew Icontlnuedl Reserves It is the policy of the church to maintain unrestncted funds of approximately six months 'normal' expenditure. This 811ows sufficient funds to enable the ongoing work of the Church to be maintained. Per the Slatemenl of Balances on page 6, the general fund at 31 December 2024 arnounted to £33,52912023. £37,100) which meets this policy. Major repairs to the church are necessary and are included in the Forward in Faith project. The cost of these will nol be funded from annual income and fundraising will be necessary. Therefore, the Trustees consider the current level of reserves to be appropriate. Slgned on behalf of the Trustees on 3 March 2025. Sesslon Clerk Page 3
Killin & Ardeonai Parish Church of Scotland g
Report of the Independent Examiner to the Trustees for the year ended 31 December 2024
I report on the accounts of the church for the period ended 31 December 2024 which are set out on pages 5 to 9.
Respective responsibilities of trustees and examiner
The Charity’s Trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The Charity’s Trustees consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.
Basis of Independent Examiner’s statement
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent Examiner’s statement
In the course of my examination, no matter has come to my attention
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which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations (as amended), and
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to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations (as amended)
have not been met, or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Director
Cornerstone Accounting Ltd Chartered Accountants
11 Erngath Road Bo’ness EH51 9DP
Date: 5 March 2025
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Killin & Ardeonaig Parish Church of Scotland
Receipts and Payments Account
For the year ended 31 December 2024
| Notes UnrestrictedRestricted fund funds Receipts £ £ Gift aid donations 26,032 - Gift aid recovered 7,621 - Freewill offering envelopes 1,926 - Open plate 2,565 - Other donations 2 1,019 140 Legacies 1,361 - Fundraising income 921 - Weddings and funeral income 1,100 - Hall rental income 4,528 - Investment income 1,138 - Total receipts 48,211 140 Payments Cost of raising funds 50 - Giving to Grow contribution 3,621 - Presbytery dues 445 - Minister/interim moderator's expenses 219 - Pulpit supply 652 - Forward in Faith costs 6,878 - Organisation costs 128 - Catering costs 206 - Training and mission costs 205 - Fabric repairs and maintenance 4,347 - Community rooms costs 258 - Manse expenses (including council tax) 3,527 - Investments purchased 21,570 - Insurance 1,813 - Heat and light 3,489 - Cleaning 2,093 - IT and website costs 1,154 - Licenses 190 - Special collections - 440 Donations and gifts 367 - Independent examination fee 500 - Sundry expenses 37 - Removal of CFF balance from church accounts - 26,705 Total payments 51,749 27,145 Surplus/(deficit) for the year before transfers (3,538) (27,005) Transfers (33) 33 Surplus/(deficit) for the year after transfers (3,571) (26,972) Total funds brought forward 37,100 26,972 Total funds carried forward 33,529 - |
2024 Total £ 26,032 7,621 1,926 2,565 1,159 1,361 921 1,100 4,528 1,138 48,351 50 3,621 445 219 652 6,878 128 206 205 4,347 258 3,527 21,570 1,813 3,489 2,093 1,154 190 440 367 500 37 26,705 78,894 (30,543) - (30,543) 64,072 33,529 |
UnrestrictedRestricted fund funds £ £ 13,754 - 7,492 - 2,193 - 3,202 - 142 448 - - 1,224 - 100 - 5,360 - 649 975 34,116 1,423 50 - 2,681 - 399 - 670 - 1,179 - - - 64 - 90 - 180 - 3,991 - - - 1,570 - - - 1,765 - 3,068 - 1,734 - 1,331 - 321 - - 432 185 - 600 - 31 - - - 19,909 432 14,207 991 - - 14,207 991 22,893 25,981 37,100 26,972 |
2023 Total £ 13,754 7,492 2,193 3,202 590 - 1,224 100 5,360 1,624 35,539 50 2,681 399 670 1,179 - 64 90 180 3,991 - 1,570 - 1,765 3,068 1,734 1,331 321 432 185 600 31 - 20,341 15,198 - 15,198 48,874 64,072 |
|---|---|---|---|
The notes on pages 7 to 9 form part of these financial statements.
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Killin & Ardeonaig Parish Church of Scotland Statement of Balances As al 31 December 2024 2024 Surplus for year 2023 Surplus for year Openlng balance Closlng balance Opening balance Closing balance Bank and cash Church current account COSIT deposit fun(J general COSIT depos11 fund - f3bric Guild funds Sunday School funds Benevolent funds 25,541 11.395 26,7D5 194 74 163 32,085 839 11,741 10,993 25,730 237 72 101 13.800 402 975 1431 25,541 11.395 26,705 110,556) 126,705) 133) 161 74 370 74 163 207 62 Totsl assets 64,072 13Q,$431 33,529 48,874 15,198 64,072 Repre8ent•d by: Unrestricted fund 33,529 37.100 Restricted lunds 26,972 33,529 64,072 Invèstm•nls al Market Value chUh ol Scotland Investorn Trust Growth Fund Benevolent Fund12,089 units12023'. 2,06211 General Fund1953 units12023' nilll Church of Scotland Investors Trust Income Fund General Fund11,465 units (2023.. nilll 13,328 6,080 12.021 16,203 35,611 12.021 Statement of assets Manse expenses refund due - Killin Church Gift aid due 567 229 460 460 796 Statement of Ilabllltles Independenl examination fee Supplier payments due Special collections to be disbursed Cleaning costs outstanding 600 2.516 60D 267 151 3,116 1.018 The financial statemen15 on pages 5 10 9 were approved by the Trustees on 3 M8rch 2025 and signed on Ihelr behalf by the undemoted.. Session Clerk Treasur8r Pa8e 6
Killin & Ardeonaig Parish Church of Scotland
Notes to the financial statements
For the year ended 31 December 2024
1. Accounting policies
Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Regulations anent Congregational Finance approved by the General Assembly of the Church of Scotland in 2007.
Basis of financial statements
The financial statements have been prepared on a receipts and payments basis. All voluntary income, income from tax recoveries on Gift Aid and bank interest is accounted for when received. Expenditure is recognised when paid.
Receipts and payments account
For the purpose of the receipts and payments account as shown on page 5, funds are defined as
Unrestricted funds comprise grants and other income received for the objects of the church without further specified purpose and are available as general funds. Some unrestricted funds have been defined as Designated funds by the Trustees where they have been ringfenced for a specific
Restricted funds comprise income which has been received for the objects of the church and specified for a restricted purpose within these objects by the donor.
2. Donations and collections for third parties
In the year, Special Collections were taken up from the congregation for the following:
| Strathcarron Hospice Siobhan's Trust Retirement collection for Cathie Reid Mary's Meals |
2024 £ 120 20 - - 140 |
2023 £ - 91 285 72 448 |
|---|---|---|
3. Unrestricted funds
| Balance at 01.01.24 Receipts Payments £ £ £ General fund 36,669 47,379 (51,091) Designated Guild fund 194 145 (178) Designated Sunday School fund 74 - - Designated Benevolent fund 163 687 (480) Total unrestricted funds 37,100 48,211 (51,749) |
Balance at Transfers 31.12.24 £ £ (33) 32,924 - 161 - 74 - 370 (33) 33,529 |
|---|---|
Explanation of funds
The General Fund represents all income and expenditure relating to the primary focus activities of the charity, other than those for which funding is restricted.
The Designated Guild Fund represents ringfenced income and expenditure managed by the Guild for charitable purposes.
The Designated Sunday School Fund represents ringfenced income and expenditure managed by the Guild for charitable purposes.
The Designated Benevolent Fund represents ringfenced income and expenditure managed for the benefit of the local community. Page 7
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Killin & Ardeonaig Parish Church of Scotland Notes to the financial statements For the year ended 31 Dember 2024 4. Restricted funds Balance at 01.01.24 Recelpts Payments Transfers Balance at 31.12.24 Special collections fund Fabric fund 267 26,705 140 (440} (26.705} 33 Total restricted funds 26,972 140 (27,145} 33 Explanation of funds The Special Collections fund represents donations collected to donate to other charitable organisations. The Fabric fund represents funds held by the Church of Scoland which can only be utilised for expenditure on the building. 5. Transactions with Trustees and related parties Durin the ear. no Trustees received remuneration for their services. AJI Church of Scotland congregations contribute to the National Stipend Fund which bears the costs of ministers, stipends and employerfs contributions for national insuran, pensions and housing and loan funds. Ministers, stipends are paid in accordance wth the national stipend scale which is related to year5 of service. For the year under review, the minimum stipend was £31,642 and the maximum stipend {in the fffth and subsequent years} was £38,884. Total donatlDn5 by Trustees in the year was £7.92712023- £8,044) 6. Volunteer tlme The Church relies heavily on the contribution of signffieant volunteer time for the delivery of its programme of activities. This has not been quantified for the purposes of these accounts. Page 8
Killin & Ardeonai Parish Church of Scotland g
Notes to the financial statements
For the year ended 31 December 2024
Appendix 1
Funds held on behalf of the congregation by the Church of Scotland General Trustees
| Consolidated Fabric Fund Capital account Market value of balances at 31 December Revenue account Opening balance at 1 January Income from: Growth fund Income fund Deposit fund Revenue interest Administration costs Closing balance at 31 December |
2024 £ 26,190 1,224 280 351 716 75 (123) 2,523 |
2023 £ 25,481 249 - - 989 15 (29) 1,224 |
|---|---|---|
The Church can apply to drawdown these funds for expenditure on fabric by submitting a claim to the General Trustees.
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