THE CHURCH OF SCOTLAND CARNOCK & OAKLEY PARISH CHURCH ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 CONGREGATION NO.. 241452 CHARITY NO.. SC010676
THE CHURCH OF SCOTLAND CARNOCK & OAKLEY PARISH CHURCH ACcourrY FOR THE YEAR ENDED 31 DECEMBER 2024 CONTENTS PAGES Trustees, Annual Report Report of the Independent Examiner Receipts and Payments Account statement of Balances Notes to the Accounts 9-11
CARNOCK & OAKLEY PARISH CHURCH TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 structure, Governance and Management Governing Document The Church is administered in accordance wilh the terms of the Unitary Constitution. Recruitment and Appointment of Trustees Members of the Kirk Session aro the charity Irustees. 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. The Kirk Session has eslablished a number of sub-committees in respect of key areas. Members of the congregation who have the skills and commitment to contribute lo the management affairs ofthe Church. can become members oflhe sub-committees. Slnc8 the end of the year, was appointed as Session Clerk lo allo lo lak8 up an appointment as ession Clerk wilh Culross & Torryburn Paris meantime, Sandy remains a member of our church. urc Organlsatlonal Structure The Kirk Session. which meets approximately eight times a year, is responsible for all affairs within the Church. ObJa¢tlves and Actlvltles The Church of Scotland is Trinitarian in doclrine, Refonned 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. The Church provides a place of worship in Oakley with services of worship taking place al 10.00am. The premises at Oakley are normally used throughout the year for soclal and fundralsing events.
CARNOCK & OAKLEY PARISH CHURCH TRUSTEES. ANNUAL REPORT cont'd YEAR ENDED 31 DECEMBER 2024 Reference and admlnlstratlve Informatlon Charity Name: Carnock & Oakley Parish Church Charity Registration Number.. SC010676 Congregation Reference Number: 241452 Contact Address: Trustaes Kirk Session Independent Examlner Bankers Bank of Scotland, 1 Bothwell Stre81. Dunfermline. Fife, KY113AG
CARNOCK & OAKLEY PARISH CHURCH TRUSTEES. ANNUAL REPORT Cont'd YEAR ENDED 31 DECEMBER 2024 Achievements and Perfomiance During 2024. we continued to worship in our church building at Oakley throughout the year. We held Various fLJndraising events such as a plant sale, a stravwberry tea, and a Christmas fayre and social. We also shared in a harvest social event wilh our neighbours at Culross and Torryburn. These fundraising events are a great source of finan to the Church but are also opportunities lo work togelhèr and reach th6 wlder community. In addition lo the above evenls 8 Bible Study is held on Mondays and the Fellowship Group were able to arrange the monthly fellowship rneetings T@2. Other church groups including the Guild, the Scrabble Group and the Art Group werè also able lo meet throughout the year and make generous donations lo our church finances. The flower ministry conlinued during 2024 and from the cards and letters received. we know how much this is appreciated by those receiving the flowers. Inslead of asklng for harvest goods, an opportunity was given lo members to donate money to Dunfermline Foodbank and the sum of £130 was collected. The funds received from the sale of the Carnock Church building in June 2022 and the manse during 2024 is relained by the General Trustaes bul is available for us lo maintain our church building. This source of funds allowed us lo deal with some maintenance work required on the church at Oakley and continued improvements to our sound system. Since June 2024, we can also use these funds to meet other buifding costs such as insurance and heating. The appointment of an Interim Moderator is the res ife Presbytery. The Kirk Session was pleased when a former retired minister. was approached in late 2022 and indicated her willingness to come back and was willing to Ljndertake both the role of Locum Minister and Interim Moderator. This is in the form of leading Sunday worship and the provision of one day per week for pasloral duties. This has continued throughout 2024, and the Kirk Session and the congregab'on are grateful for all her support. The on8 day a week of pastoral care increased to two days from 1" January 2025. On5ibilil of Statement of Trustees, Responslbllltl•s The members of the Kirk Session must prepare financial statements which give sufficient detail lo enable an appreciation of the transactions of the Church during the financial year. The members of the Kirk Session are responsible for keeping proper accounting records. which, on request, must reflect the financial position of the Church at that time. This musl be done lo ensure thal the flnancial statements comply with the Charities and Trustee Inveslmenl (Scollandl Act 2005, the Charit18S Accounts (Scotlandl Regulations 2006 and the Regulations Anent Congregational Finance approved by the General Assembly of the Church of Scotland in 2007. They are also responsible for safeguarding the assets of the Church and must take reasonable steps for the prevention andlor detection of fraud and other irregularities.
CARNOCK & OAKLEY PARISH CHURCH TRUSTEES. ANNUAL REPORT Cont'd YEAR ENDED 31 DECEMBER 2024 Reserves Poll¢y It is the Trustees, objective to hold reserves of approximately six months, expenditure, excluding designated funds. At the year end, the Church held unrestricted funds of £51,324. Due lo the funds held by the General Trustees following the sale of the church at Carnock and the manse, there is no longer a need to maintain 8 separate fabric fund as property maintenance costs can be met from the funds held by the General Trustees. Funds amounting to £1,174 are held by various Congregational Organisations in furtherance of their activities. The Church holds £2.998 of Restricted Funds for the purpose specified in Note 1. Financial Revlew Our regular offerings in 2024 are in line wilh 2023. Our Giving to Grow payments decreased in the year from £13,899 10 £11,858 atter deducting a vacancy allowance of £11,196 in both years. Funds of £13.742 were received from the General Trustees to meet property costs, repairs, and equipment purchased in the year. Heat and light costs were in credit during 2024. This arose because of an incorre¢l amount taken from the bank account by our former energy supplier in the previous year. Following a complaint, this was repaid in the current year. Most of our other costs were in line with the previous year other than repairs to the building and Èquipment purchased in the year, but these costs were recovered from the funds held by the General Trustee5. There was a surplus for the current year in the General Fund of £12,336. During 2021 the Trustees of the Alexander Mitchell Trust closed its bank account and transferred the remaining funds of £1,998 to the Church to be used by the Kirk Session in accordance wilh the original Trust. The Trustees of the Alexander Mitchell Trust are also members of the Kirk Session. The manse in Carnock was put on the market during 2023. The manse was sold in March 2024 for the sum of £310,500. Afler deducting selling costs and a levy charged by the General Trustees, £274,845 was added lo the funds held on our behalf by the General Trustees. At the end of the year the capital balanc8 Stood at £428,796 with a further £8,427 in a Revenue account representing interest earned on the capital account less sums drawn down for fabric and olher property costs.
CARNOCK & OAKLEY PARISH CHURCH TRUSTEES. ANNUAL REPORT Cont'd YEAR ENDED 31 DECEMBER 2024 The Future The Presbytery Mission Plan has been circulated to all congregation5 within Fife Presbytery. This has been considered by the Kirk Session and shared with the congregation. We are currently in discussions wilh our neighbouring Parishes in the West Fife Villages lo identify ways of working together and our plans for the future. Al the lime of this Report, the Kirk Session's preferred way forward for our congregation is to form a union with our neighbours in Tulliallan & Kincardine and Saline & Blairingone but to maintain links with the other churches in West Fife for shared mission and outreach projects. Part of the process of Presbytery Mission Planning is to assess the ne for our curr8nt number of Church buildings. The Kirk Session believes the Church building at Oakley is well placed both geographically and facilities lo be part of the plan for the West Fife Villages. The proceeds from the sale of Carnock Church and manse has already been used to allow improvements lo be made to the building in Oakley. The church faces many challenges, in terms of numbers, buildings and finances, but the Kirk Session remain committed to providing a ministry in our Parish which is relevant and suitable for our needs both now and in the fulure. Approved by th 2025 and signed on their behalf by: ession er
CARNOCK & OAKLEY PARISH CHURCH REPORT OF THE INDEPENDENT EXAMINER Independent Examiner's Report to the Tru5tg95 of Carnock & Oakley Parish Church I report on the Accounts of the charity for the year ended 31 December 2024, whlch are set out on pages 7t0 11. Respective Responsibilities of Tru51905 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 (Scolland) Act 20051 Ihe 2005 Act'l and the Charit16S Accounts (Scolland} Regulations 2006 las amended) ("the 2006 Regulations"). The charity's trustees consider that the audit requirément of Regulation 1011)Id} of Ihe 2006 Regulations does not apply. It is my responsibility to examine the Accounts as required under section 44{1 }{c> of the 2005 Act and lo state whether parilcular matters have come to my attentlon. Basls of Independent Examlnèrfs Stalament An examination is carried out in accordance with Regulation 11 of the Charities Accounts {Scotlandl Regulations 2006. An examination includes a review of the accounting records kept by Ihe charity and a comparison of the Accounts presented with those records. It a150 includes consideration of any unusual items or disclosures in the Accounts and seeks explanations from the trustees concerning any such matters. The procedures undertaken do nol provide all the evidence that would be reqtjired in an audit and consequently, I do not express an audit opinion on the view given by Ihe Accounts. Independent Examiner's Statemont In the course of my examination. no matter has come to my attention which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with Section 44(1lla) of tho 2005 Act and Regulation 4 of the 2006 Regulations., and lo prepare Accounts which accord wilh the accounting records and comply with Regulation 9 of the 2006 Regulations have not been met-, or to which, in my opinion. atlention should be drawn in ordér to enable a proper understanding of the AcTr)unts to be reached. 24 Februar 2025
CARNOCK & OAKLEY PARISH CHURCH RECEIPTS AND PAYMENTS ACCOUNT YEAR ENDED 31 DECEMBER 2024 Unrestricted Funds 2024 Restricted Funds 2024 Total 2024 Total 2023 Notes Recel ts Offerings Fundraisin9 Events Bank & Deposit Interest 34,671 2,055 1,279 34.671 2,055 1,279 34,484 4,090 864 38,005 38,005 39.438 General Trustees other Income 13,742 901 13,742 901 51.600 964 Total Recei ts 52,648 52,648 92,002 Pa ments Charitable Activities Costs of generating Funds 39,382 116 39.382 116 84.600 134 Total Pa ments 39,498 84,734 Excess of Receipts over Payments for the yeaf 7,268
CARNOCK & OAKLEY PARISH CHURCH STATEMENT OF BALANCES AS AT 31 DECEMBER 2024 Unrestricted Funds Restricted Funds Total 2024 Total 2023 Bank & De osit Balances Balances brought fotward 38.174 2.998 41.172 33,904 Movement in Year: Excess of Receipts over Payments for the year 13,150 13,150 7,268 Balances carried forward 51,324 2,998 54,322 41,172 Assets Heat and Light refund Gift Aid recoverable 4,305 1.403 1,382 1,382 1,382 Llabililios Other credilors The Accounts were approved by the Kirk Session on 23 February 2025. Kirk sion Sesslon Clerk Treasurer
CARNOCK & OAKLEY PARISH CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 1. Movements in Funds At1 January 2024 At31 Decembèr 2024 Incomlng Resources Outgolng Resources Transfers Restricted Funds Mrs Helen Dawson Sunday School Fund Aexander Mitchell Trust 1.000 1,000 1.998 2,998 2,998 Unrestricted Funds General Fund Congregational Organisations 36,889 1,285 47,293 5,355 {34,957) 4.541 925 925 50,150 1,174 38,174 52.648 39,498 51.324 Total Funds 41,172 52,648 39,498 54,322 Pur oses of Restricted Funds Mrs Helen Dawson School. Sunday School Fund.. This is a fund to provide for Ihe work of the Sunday Alexander Mitchell Trusl.. This fund was received in 2021 to be used by tho Kirk Session in accordan with the former Alexander Mitchell Trust. Pur oses of Desi nated Funds Congregational Organisalions.. These represent funds held by Congregational Organisations and include the Guild, the Scrabble Group and the Flower Fund in furtherance of their activities.
CARNOCK & OAKLEY PARISH CHURCH NOTES TO THE ACCOUNTS Cont'd Analysis of Offerings Unrestrl¢ted Funds Restricted Funds Total 2024 Total 2023 Offerlngs WFO (non - Gift Aid} Gift Aid Tax Recovered Open Plate Legacies Other Congregational Organisations 2.968 16,291 5,576 4,431 2,968 16,291 5,576 4,431 3,935 14,136 6.108 5,715 1,200 80 3,310 50 5,355 50 5,355 34,671 34,671 34,484 Analysis of Payments Unrestricted Funds Restrlcted Funds Total 2024 Total 2023 Charitable Activities Giving lo Grow Locum Costs Presbytery Dues Minister's Expenses Pulpit Supply Fabric Repairs & Maintenance Insurance Heat and Light Fillings and Equipment Broadband Other Expenses Congregational Organisations 11,858 9,284 797 11,858 9,284 797 13,899 8,111 723 4,906 1,366 (2,8221 8,396 423 633 4,541 4.906 1.366 12,822} 8,396 423 633 4,541 23,154 1,673 5,279 28,803 418 419 2,121 39.382 39.382 84.600 Costs of generating Funds WFO envelopes 116 116 134 39,498 39,498 84,734 Analysis of Net Assets Between Funds General Designated Restri¢ted Total Current Assets Current Liabilities 50,150 1,174 2.998 54.322 Net Assets at 31 December 2024 50,150 1,174 2,998 54,322 10
CARNOCK & OAKLEY PARISH CHURCH NOTES TO THE ACCOUNTS Cont'd Minister's Stipond All Church of Scotland congregations contribute lo the National Stipend Fund, which bears the costs of all ministers, stipends and employer's ContributOn$ for National Insurance, pension and housing and loan fund. Ministers, stipends are paid in accordance with the national stipend scale, which is related to years of service. For the year under review. the rllinimum stipend was £31,642 and the maximum slipend in fifth and subsequent years of service £38,884. Trustee Remuneration and Related Party Transactions No Trustee or a person related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year. Connected Charltles The Church, through the members of the KI Session, also controls the Alexander Mitchell Trust, a registered charity number SC012614. The trust exists for the relief of poverty. There was no income or expenditure during the year ended 31 December 2024. The Trust closed ils bank account and transferred the fvnds to the church for safekeeping until a use for the remaining funds can be found in accordance with the original Trust Deed. Collections for Third Parties 2024 2023 SMILE Dunfemiline Foodbank 366 130 354 300 496 654 Funds held on behalf of others During the year funds of £1,800 were received from Fife Presbytery for the creation of Lego Clubs by the 6 congregations making up the Wesl Fife Villages. This does not form part of our ac¢oun*s but is held within our bank account until the funds are spent. The balance remains at £1,800 at the end of the year.