_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.
Page 1
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:
- Bible based in our discipleship
- Together in our worship
- Caring in our community
- 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).
Page 2
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
1. which gives me reasonable cause to believe that in any material respect the requirements:
- 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
- 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
2. 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
Page 4
## 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.
Page 5
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
Page 7
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.
Page 9