Scottish Charity No.SCOJ1357 Church of Scotland Presbytery of Inverness Trustees, Report and Financial Statements For the Year Ended 31 December 2022
Presb of Inverness Contents of the Financial Statements For the year ¢nded 31 tkc¢tnber 2022 Pag¢ Infonnation Report of the TrUS Report of the Independ¢nt Examincr Receipts and Payments ststemcnt of BalanS Notes to the accounts 7-12
Presb of Inverness Administrative Information Charity name: Presbytery of Inverness Charity llumber: SCOl1357 Trustees Th¢'lrustees of tho Pr¢sbytcry are listed in th¢ Hand1k 2022- 23 and on the s¢parat¢ sheet, attached. Bankers R()yal of Scotland 291 lurbour Road Inverncss IVI INU Page I
Presb of Inverness Report of the TThstees For the year ended 31 December 2022 The TStee5 are ple&g¢d to present their reporf together with the financial stsmetÈts forthe ye4r¢nded 31 December 2022. STRUCTURE, GOVERNANCE AND MANACyEMENr Governing document The Presbytery 15 a charit&ble unincorpor8ToJ &8Krfi8tion. The purpos and athntnistrniion ar¢ set oui in the Sranding Orders. These ar¢ dethiled on pages 36 10 41 of the 2022 -23 Presbytery Handbook. are 3 leve15 of courts.. the Kirk Ses5Eon (at congregaiional level): the Presbytery Iixal 8Tea level)" and the Gene1 Assembly (the Church's highest court). It is the Presbyteries which havc oversight of parishos and p&40rn1 responsibilkty for parish miThisiery. Kirk Sessions are suEx)rdinat¢ to the Presbytcry. Recruitment and AppoinlmeDt of Trustees The Pr¢sbytcry shall ¢onsi5t of all eligible Minisiers. Elder5 and Dea¢ons. Each Kirk session shall commission annually, one of its number as a representstive lo the Prestyery. The Presbytery shall elt 8nnualFy by free votc SU1¢en¢ number of Additional Elders to ensur¢ that there 8T¢ as marty F.Iders 45 Ministers. The nurnber of Additional Eld¢rJ shall nev¢r ¢x¢¢ed the nurnbw of Ministers by mor¢ thtn 15%. Eld¢rs' commtssiort$ fr(rtn July I to June 30. Organis21ional Structure Moderator. Presb>tsry 1$ led by the Mod¢rator who shau be apw>inted for a period of one year. but may be re- appoinied. The Mod¢rdiof shall preside over all meetings of Presbylery.. ifabsen( the immediaie posl Moderator (or a forn)er Moderator) shall preside. Clerk. The Presbytery shall appoint a Clerk who shall hold office a)Jrtng the pleasure of the Presbytery: th¢ office of Clerk sh&ll b¢ reviewed from time to ttme. Trt8$urer. The Presbytery shall appoint a Tr¢&wrer who shall thke office thrillg the pleasure of the Presbyt¢ry. Objectives and Activities PI'isbviirv l¢ased io welrn moderator fw the 22r23 session laking over frnm to whom Prtqbyl¢ry ar¢ ind¥bd the work she Ulld¢r during her time in office. The main aims of ¢he Presbyiw are To proclaln> th¢ Gospel of Jesus Christ: througb worship. witiKs& nurtur¢. ond s¢rviee. To encouraRe.' by strengthening and supming the rqJle of God. To supervise ihe Work of the Church within its bouD&s includiftg appropri8te overstght of Congregations and mini5trÉts. Achievetnents Perfornixn¢e The Presbytery has continued to support the congregatiotts within its bound& using money allo&d from ministries and mission nds, the large portion of which supports the of Mi&sion Development worker. The congregational aOUnts werr ¥ll¢Wed by th¢ Ptesbyw's Congregwional AcLounts Examination wmmittee and found to be in ordv. The Property committee eontinues to monitor congregational Fyopaty maint¢naDcc and advis¢ Goll8re8ations on i&su¢s of maintenance, repair and refijrbishment. tbe Ilpyear professional Property Inspethon5 for all ¢onwga(ional properties in th¢ Presbyt is now c4)mplet¢ with the pr(JpeTties trnnsf¢rring from MoTay Presbytery b¢ll surveyed in the year, Achievements and Perforniance (ltSnU¢d) Page 2
Congregations were pleased to rebjrn to meeting in peT50n. S(me found the ability to meet through a dlgital means us¢ful and continue to use that for some of the business m¢¢tings. Presbytery too was pleased to return to mecting in person and have a]50 found the ability io meet digitally a u$eful tool, especially for committee meetings t&etA Pre5byW meetings. FiDan¢i41 Review The 8¢counts show a deficit of £21.540. However. this is not as alatrning as it n]ight first Seem. There was already £9,175 in hand to cover the cost of prop¢ny inspections which were more expensive at £15.300 tban had been expected. There was a review of the Presbytery Clerk's salary. and it was found that the amount being paid wag well below the national rate for this position. The salary w& increase4 and arrtars paid. The balance of the deficit was The Trustees have calculated Prtsbytery thie% for 2022 on a proiwtionate b1& in accordance with ¢ongwgation's Share of income. The ¢xpe¢ted large inrrease in n)ini5try and mi&8ion duc5 didn'i maierialize because oftransitional fimding relief. How¢vor the sch¢dule th"d show iu¢rea5es in fufure ycars can be expxtfyl Reserv¢8 Policy It 18 the Tnte¢s. l1¢Y to hold a minrmum lev¢1 of reserves in order to cover th¢ Clerk's rernun¢raiion, and budgeted exp¢ndtnue. TrnJte¢9 Responsibilities Under le8islation relattrtg to ¢harities in Scotlarf th¢ TruMee5 are required to FYepar¢ financial Statements for each fmancial year which 8ive o true and fair view of the stsle of the char¢ty'5 affairs and of its in¢oming resources and application of resource$, including ils surplus and deficit for that year, and which have been properly prtpared from and are in agreement with the accounting records of the charity and ¢(Knpty with relevatti di5closur¢ requir¢ments. In preparing those financial statements. the TneeS are required to.. Seled suitable accountin8 policies and th¢n appty them ronsi8t¢rttly Make judgements and eslimatcs that are Tc&wnable and pTu&ni PrcFYdr¢ the financial SeMents on the goin8 concem b&%1$ unless it is inappmpriote to prcsume that the ¢hariiy will continu¢ its aciivities The Thstees aT¢ responsible for keepin8 proper aUtIng recorth whi¢h dtsclose with reasonable acTa¢Y at any ttm¢ the charity's financial position and enable the Trust5 to ¢Tr5ure that the flltancial statem¢nts cornply with the requirements of Striion 44 10 48 of The Chariti¢$ and Tnjsice Investment (Scoiland) Act 2005 and the Charities Account5 (Scoiland) Regulations 21kn flowing therefrom. The Trustees also have genernl responsibility for taking such steps as are reasonably open to them to safeguard the charity's lssets and to prevent and detect fraud and other irregularities. 2023 Page 3
Presb of Inverness Report of the Independent Examiner to the Trustets For th¢ year ended 31 Deccmber 2022 I report on the accounts of the Charity for the year ended 31 DecemlKr 2022 which are set out on pages 5 to9. Respeclive responsibilities of trustees gnd euminer The charity's trustees are responsiblc for the preparation of the accounts in accordance with the ternis of the Charities and Trustee Investment (Scotland) Act 2005 and the Chariti¢s Accounts (SLotland) RebFulations 2006 (as amend¢d). The charity trustees consider that th¢ audil requirement of Regulatinn l O( l ) (d) of the Ac£ounls Regulation5 does not apply. It is my rcswnsibility to examin¢ the accounts as rcquircd under scction 44(1) (c) of the and to thte wh¢ther particular matters hav¢ comc to my attention. Basis of independent examiner's stalement My examination is carried out in accordane¢ with Regulation I l of the Charities AcLounts (Scotland) Regulations 2006. An examination includes a review of the accounlins records kept by the charity and comparison of the accounts presented with those records. It also includes consid¢rntion of any unusual item.q or disclosures in the accounty and seeks explanations from thc truste¢s concerniiig SULh Inatlets. The predureS undertaken do not provide all Ihc evidence that would be required in an audiL and consequently I do not express an audil opinion on the view given by th¢ accounts. Independent Examiner's StAt¢rneDt In the course of my examination. no matter has come to my attcntion . which gives me reasonable uSe to believ¢ that in any maierial respect the requirementS'. to keep a¢counting records in a¢cordAnce with Section 4411) (a) of the 2005 Act and Re8ulation 4 ofthe 2006 A¢counts Re8ulations, and to prepare ac¢ounts which accord with the accounting re£ords and comply with Regulation 9 ofthe 2006 Accounts Regulations have not been me¢ or 2. to Whic in my opinion. attention should be drawn in order to etthble a proper understanding of the ccniint% to hc leheA. L*iur¢¥redAcrounia . 2023 Page 4
Presbytery of Inverness Receipts and Payments Account for the year ended 31st December 2022 General Desiinatsd Restrf¢ted Total Fund Funds Funds Funds 2022 2022 2022 2022 Total 2021 Recelpts M & M allowance Presbytery dues Property inspection dves Bank interest receNed Investment income Other income 76.CXN) 76,OCKI 9.637 35,341 7,424 3,621 27 49 9.637 124 52 280 10,093 127 52 280 86,096 Recelpts from asset & Investment sales 76.(MJ3 46.462 Sale of assets Yotal re¢elpts 10.093 76.fy)3 86,096 46,462 Payment$ Costs of g*neratlng funds Charltable attivities Governance e05ts 22.Crf)8 9.12S 33.719 64,852 53,8 Totsl payments 22.508 9.12S 33,719 65,352 53,890 Excess of recelpts over Payments lor the year before Translers 12,415 9,125 42.284 20,744 7,428 Transfers between funds Excess of recelpts over payrnehts for the year 12,415 9,125 42,284 20.744 Page S
Presbytery of Inverness ststement of Balances as at 31st December 2022 General Desl8nated Restrkted Total Funds Funds Funds Funds Total Funds 2021 2022 Bank & deposit balanc Brought forward 26,607 9.125 37.786 73,518 Movement In thé ar. Surplus/ldefieitl for the year Bank deposits & balances Carrled forward 11415 9.125 42,284 20.744 7,428 14.192 80.070 94,262 73,518 Made upthu5: Royal Bank of Scotland Chur¢h of Scotland Deposit Funds Cash 6.3) 7m2 80,070 86,370 7,892 49,284 24,134 100 73,518 14,192 80,070 94,262 Instm•nts at m•rket ¥alu• Church of Scotland Intome Funds 1123 units. Cost £2) 1.341 1,535 Assets Office equlpment at valuation Llabllttles Independent Examinatlon 250 250 Nel assets 14,192 80.070 95,603 74,803 The Accounts were approved by the Trustees on For on behalf ol the Trustees Moderator Treasurer Page 6
Presb of Inverness Notes to the Financial Ststements For the year ended 31 December 2022 l. Accounting Policie8 Aecoun¢iAg COn10n The financial slatem¢nts have been prepared under the historical cost Conventio and in accordance with the Charities Awounts (Swtland) R¢gulatiolls 2(M)6. Ba.sis offinanciolslatements I'h¢ fancIal statements have been p• on a receipts and Trents basis. Investments Investments are h¢ld as bank balances or income units held with the Church of Scotland. Bank balances and the mark¢l valu¢ of other investm¢nts are shown in the fmancial stat¢ments as at th¢ y¢ar end date. Receipts and PAyJnent4 Aeeouttt For the purpose of the RCipts and Paymcnts account as shown on page 5. funds are d¢fined as follows.. Unre8trieted funds cornprise grants and oth¢r incom¢ received forthe objects of the charity without further spccified purpose and are available 45 8cncral funds. Restricted funds comprise inwme which has IMI received fff the objccts ofthe charity and specified for a restricted purpose within these ObJeS by the donor. Page 7
Presbytery of Inverness Notes to the Accounts for the year to 31st December 2022 i Trustees remuneration and Related Party transartlons: Salary & pension costs Presbytery Clerk Mission development worker 17.203 25.673 2 Movement In funds- Bank balances At l Jan Recelpts Payments Translers 2021 At 310ec 2021 Unrestrfrted fvnds De558nated fvnds: Property Inspectlon fund 9.125 9.125 General fund 26,607 35.732 10.093 10,093 22.508 31.633 14,192 14,192 Restrkted fund Temperance fund Minlstries & Mi55lon fund 1,901 78,169 80,070 35,888 76,CO) 76,CQ3 33.719 33.719 Endowment funds None Total funds 73.518 94.262 Pur ose of Desl nated Funds The Property Inspettion Fund was set up in order to meet buildln8 inspettion costs. The General Fund represents funds available for general purposes. Pur ose of Restrlrted Funds Temperance Fund: the Trustees have set aside these funds specifically to give help towards local problems of social deprivation. drink. dru8 abuse, physical and mental health problems. These funds cannot be used for other purposes. The balance of the ministries & mission fund has been allocated to pay for the costs of a mission development worker. These particular funds are restricted for mlssion purposes only. Page 8
Presbytery of Inverne55 Notes to the accounts( continued) 3 Analysis of payments Ge•)erdl Desl8nated Restrfcted Fund Funds Funds Total Fund5 Total 2022 2021 Property Inspections Conferences Grants Moderator & Clerk's reception Mission planninB Costs Office equipment, printing & stationery Web51te Data protettion Communlcaiion Clerk's salary Mis51on development work emoluments Travel costs Hospitallty Contribution fof use ol halls/rent Publiclemployer s liability insuran Tralnlng 6,175 9.125 15,300 15,000 301 115 301 263 553 35 468 17.203 25,673 1.272 916 35 459 7,225 29,974 23 13,414 3,788 25.673 830 86 301 31)0 321 321 2CM) 22.C#)8 321 2,200 64.852 9.125 33.719 53.890 4 Governance costs Independent examinatk*n Page 9
Presbytery of Inverness Charity number SC011357 Abstract of accounts Year ended 31 December 2022 2022 2021 Recelpts Presbytery dues M & M allowance Property inspection dues Investment income Bank Interest C of S Deposit Fund Other income Other donatlons Sale of assets 9,637 76,000 7,424 35,341 3.621 49 27 52 127 86,096 Payments 46,462 Property inspections Training Mission plannin8 Costs Grants Moderator's and Clerk's receptlon Website Data protection Telephone Clerk's salary Mission development workers emoluments Travel Costs Offlce equlpment. printin8 & stationery Hospitality Contribution for use of halls/rent Professional fees Sundry costs Public/employer's liability InsurantÈ 15,300 2,200 301 15,000 35 468 17,203 25.673 1,272 263 916 901 500 35 459 7,225 29,974 23 553 300 321 65,352 321 53,890 Surplus/{deficlt) for the year 20.744 7,428 Page 10
Presbytery of Inverness General fund: Budget for 2023 2022 Budget 2022 Artual Variance 2023 Budget Conferences Property surveys Outreach costs Offite equipment. statlonery & prlnting Communlcatlon Clerk's salarv Convenors, /Clerk's expenses Training Hospitality Use of Halls Insurance Moderator's social Webslte Data protectlon Contlngencies Independent Examination 500 500 6,175 500 6,175 240 380 317 16,224 300 380 148 232 7.405 215 13,414 285 200 830 600 321 6,009 70 200 670 1,500 600 327 500 54 35 2,000 600 353 250 500 54 35 35 zoo 275 275 soo 225 11,791 22,508 10,717 Other Income Less other income 21,728 71 76 298 11,720 22,432 10,712 21,430 Mlsslon Development Worker Post: Budget for year to 30.09.22 30.09.22 30.09.22 Budget Artual Varlance 30.09.23 Budget Salary Pension 30,104 29,290 684 245 418 421 459 689 23 Rent or equivalent 318 300 ro be met from the discretionary budget 32,461 31,174 Note this budgetfor the contrad year to 30th September 814 Office costs Communicatlon Travel 173 38 666 18 1,287 Page11
Presbytery of Inverness The Tnjstees who served during the year were as follows Page 12