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← Linktown Church of Scotland, Kirkcaldy

2023-12-31-accounts

Linktown Church of Scotland, Kirkcaldy

RECEIPTS AND PAYMENTS ACCOUNTS Year Ended 31st December 2023

Congregation No: 251514

Charity No: SC 012039

Receipts and Payments

Reference and Administrative Information

Charity Name:

Linktown Church of Scotland, Kirkcaldy

Charity Registration Number:

Congregation Reference No:

Contact Address:

SC012039 251514

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Trustees Kirk Session:

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Congregational Board: Change of Constitution Board disbanded January 2022

Principal Office-bearers

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Locum Minister: Session Clerk: Depute Session Clerk: Church Treasurer:

Independent Examiners

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Bankers

Bank of Scotland Carberry Road Kirkcaldy. KY1 3PA

2

Trustees’ Annual Report Year ended 31 December 2023 Structure, Governance and Management

Governing Document

The Church is administered in accordance with the terms of the Unitary Deed of Constitution having changed from the Model Deed in January 2022 as agreed by the Congregation, Fife Presbytery and confirmed by The Church of Scotland, George Street, Edinburgh.

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 along with the minister, who is a member of the Kirk Session, elected by the congregation and inducted by Presbytery.

Organisational Structure

The Kirk Session, is responsible for the management and spiritual affairs within the church, normally meets at least 5 times per annum, is moderated by the minister and is sub divided into 4 elder groups which in addition to Pastoral care of their geographical area have responsibility for the supervision of Education, Outreach, Communications, various Management duties and all congregational activity. The elder groups also meet separately and report to the Kirk Session.

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.

Services of Worship are normally held each Sunday at 11.00 hrs. with additional services held subject to need, e.g. Easter, Christmas, special occasions, etc. In addition, some services are held outwith the building at local sheltered housing units. Joint services of worship with the other town centre churches are held regularly. The children of the Young Church attend for the first period of the Sunday service, then leave the main service to be taught in separate halls by their teachers. An exception to this procedure is when a family service is held, when the children are involved fully in the main service for the whole of the time.

3

Trustees’ Annual Report (continued) Year ended 31st December 2023

A full programme of activities takes place in the church buildings throughout the week.

The Church Guild meets every second Monday afternoon. A Parent and Toddler group meets on Tuesday mornings. Scouts, Cubs, and Beavers (church sponsored) meet weekly.

A drop in cafe (The Drift Inn) is operated every second Thursday afternoon, this is open to all. A Romanian Pentecostal Church group hold their own service of worship each Sunday evening using our halls. This is a family service run by their own Pastor. The Church halls are also used by many other community-based organisations. The Local Primary School hold their end of term services three times a year in the church. The RNLI, the Area Scout group, all hold meetings on the premises. Kirkcaldy Choral Society, and the Youth Music Theatre, hold their rehearsals in the halls. A youth Karate club also use our hall weekly. From time to time, the halls are also used by local community groups for a variety of clubs. Numerous requests are received for use of our premises and we accommodate, as and when possible, to maximise the social use of our premises and service in the local community. A variety of social and fund-raising events are held throughout the year, for instance, Coffee mornings, Ceilidhs, Burn’s suppers, parties, obviously each year may be different.

Achievements and Performance

Attendance at worship remains relatively stable across the year. All groups operating in the church are well attended. The scout, cub and beaver groups are Church sponsored and are well supported. The guild is regularly well attended.

In terms of the spiritual side, the church has initiated and hosted Congregation and Elder training events and uses member worship groups to lead Sunday services.

A congregational newsletter is issued to all members and others, 3 times a year. Christmas and Easter cards are delivered to members to spread the word and issue invitations to all the services offered by our Church. The Church takes an active part in Christian Aid and organises annual fund-raising events for their benefit. The Church has set up a group for the care and support of people involved with dementia and it is also actively involved in the Local foodbank initiative, and a number of support and regeneration groups in the Linktown area. The church has been and still is, in discussion with the other Town Centre churches with a view to a Union of the four Church of Scotland congregations into one. This will result in the closure of at least two buildings and four congregations will become one. This might take place during 2024

Financial Review

As in previous years our principal source of regular income continues to be given by gift aid, non-gift aid and donations, and despite exceptional times, this income has been reasonably well sustained in all these categories, allowing a good figure in tax recovered. We continue as always, therefore, to be very thankful and humbled by the generosity and support of everyone involved.

This year, in view of the continued very different circumstances, we continued to carry out regular maintenance work within the Church and halls. To exercise good Stewardship however, all plans for large expenditure on the modernisation and upgrade of our buildings were placed on hold three years ago awaiting a decision on which buildings were to be retained.

4

Trustees. Annual Report (continued) Year ended 31st December 2023 Reserves Policy As a￿ays. rt is our Tntstees. policy to IbJkY reserves of approximatety six month's expenditure. induding designated fijnds. Al year end the Church held unreslrict&Y General Reserve funds of £53,637 plus £36,855 which has been desigflaled foi the fa￿C furvj. There are also restricted funds for Fabric use of £4.400. AdditlDnal restrided fund5 are £1,261 in the Se55ion trust fur￿ particular causes idenlrfied by SessK)n or the Minister, £103 for y￿ng Church project. aNI £800 for Guikl wod(. In addition, the Guild comm(Élee holds £281 for charitable use. The Flower Fund holds £265, Sunday Coffee holds £66 Tr Kirk Café committee holds £425. Al the end of the year, the general fund also held a carry forward figur8 of £271,481. tkkring the year, in vtew of the wish lo adjust some of Ihe funds, il was agreed fMJures for Defibrillator Fund should be moved into Fabric Fund, and ftgures for Youth Club aTrY Muyc Group should be moved into the general fund and the Wednesday woup fund was c[eaT￿l. Trustees are aware of the need to maintain our ￿lI]dingS in good condition and are well aware. vAth any okl buildiTrJ, repairs can be cosuy. A goDJ General and Fa￿"¢ reseNe is therefore necessary and regarded as importanL Statement of Trustees. Responslbllities The members ofthe Kitk Session must prepare financial statements, vthich gNe sufficxnt detsils to enable an appreciatKJn of the transactions of the Church during the financtal year. The members of the Kirk Session are responsi￿e for kee￿ng proKtr ac¢ounling records, which, on request, Must re￿ct the financral postlion of the Church al that lime_ This mtjsl ￿ done to ensure that the finan(ial statements comply with the Charities and Trustee Investment IScolland} Ara 2(K)5, the Charities Accounts {ScotlaThJ) Regulations 2006 3nd the R￿ulatIonS 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 deledion of fraud and other iffegularities The Congregational Treasurer provides a financial stalement at each meeting. The Church indiv￿ual groukE accounts are examined at least annually. In addition, the Church ￿countS are examined on a quarterly basts. Approved by thg Trustees and signed on thelr behalf. 35

ESSiQll knicfK /4k

LINKTOWN CHURCH OF SCOTLAND SC 012039 dependent Examinerfs Report to the Trnstees of Iinktoiwn Chureh I rcport on the accoutts of the charit). for the year etyled Jl" DecemlKr 202) wbicb sei out on p￿t$ 7 to Respe¢tiYe responsibilities of trusttts examiDer The charity's trustees are responsible for the prepardtion of the accounts in accordance ￿1th the tCTtns of the Clwities and Tn￿tre Investmeni (Swtlalld) Act ?W5 andthe Cl]aritics Acwunts (Scotlatkd) Regul&tons 2006. The charity tr￿teeS CODsider that tbe at￿lt FequiremeDt of Regui2tion 1011 } (d) of the Accounts RegUl￿lOnS does not apply. It is resEK)nsibiliTh' to exaJni]Je the a(ounts lg requtred under section 44(1) (c) of the Act and to stste whether tArticuiaT matters have come io m! attentio Basis of independent txamiM¢rfs statement Mv examination is carried out in accordanr¢ with Regulation I l of the Ckwiti¢s Accounts IScotland} Regulations 2(K)6. An Lxatnination Anclude5 a review of the accounlints kept by the charity and a comparison of th¢ accounts presented Mqth those ￿￿or&s. It also includes consideration of any unusual lien or disclosures in the EttO￿lts, ￿kS explauatiOll5 from the trust￿ COnCCTDing any sllch matters. The procedures undertaken do not provide all thc cvidcncc that would k requiml ill an audiL and Consequently I do not expre&s an audit opinion on the view given by the accoullts. Indcp¢ndeJAt cxamincr's stateTrellt In the CQUT5e of my examination: for tbe Vvdr ended 31" December 202.1 llo Tnatter h&5 COTnc to my atiention. l. wbich gives m¢ Eeasollable cause ￿ beliei¥e that in any D]aterial re5￿ct the requirements: to keep accounling recor(Ls in accorknce with Section 44(1) (a) ofthe 2(Kii Act atsj Regulation 4 of the 2006 Accounts Regulations, and to preparc accowLts shthichaccord withthe ac£x)Iint1ng￿C0IdS a[￿ cO￿p1V with Regulation 9 ofthe 2006 Accounts RegLilatiollS have llot Ecn Incl or 2. to wbicty inmy opio10￿ 2ttentionslKJuid be drawninorderto enable aproper understanding of the accounts to be reached. /At kn2ty Date:

LINKTOWN CHURCH OF SCOTLAND, KIRKCALDY SC012039

Receipts and Payments Account Year ended 31 December 2023

Receipts
Donations
Legacies
Receipts from Fundraising Activities
Bank and Deposit Interest
Investment Income
Rental of Premises
Proceeds on Sale of Fixed Assets
Proceeds on Sale of Investments
Grants
Received from General Trustees
Trading Receipts
Total Receipts
Payments
Costs of generating funds
Charitable Activities
Other payments -
Total Payments
Excess of Receipts over Payments
for the year before transfers
Transfers
Excess of Receipts over
Payments for the year		 Unrestricted
Funds
2023
£
31646
2500
1665
0
15105
50916
6595
0
0
0
0
0
57511
131
52770
0
0
52901
4610
 Restricted
Funds
2023
£
0
0
0		 Endowment
Funds
2023
£
0
0
0
0		 Total
2023
£
31646
2500
1665
0
15105
50916
6595
0
0
0
0
0
57511
131
52770
0
0
52901
4610		 Total
2022
£
40158
0
1418
0
2558
**44134 **
5970
0
0
0
0
0
**50104 **
120
57096
0
0
57216
-7112
4,610 0 0 4,610 -7112

7

LINKTOWN CIIURCH OF SCOTLAND, KIRKCALDY SC012039 Ststement of Balxnces Year ended 31 December 2023 Unrestricted R¥tritted End(bwmeAt FuDds Fuuds 2023 Total 2023 Toti 2022 21J23 2023 Bak & Deposit Balan¢es Bank & Ikposit Baiance5 Organisations Movtrnetrt ID vear". Surylw8 of Income over ￿pelld in yw to 3111Y23 £4610 324428 792 3284 i27712 792 3259)6 819 Bank DrwsiÉ FAlan¢¢ dfivd 325220 32851M 32675) Church •lc £7Y2 Investments at Market VaiBe (LU5t £8437) 370S6 3538 40S94 37733 Gift Aid Recovtrable Cost ofrepaits not yet billed TOTAIS 362276 The accounts were approved by the Kirk Session and bioancial Board oll .......14th March 2024 For aEKi on behaltof the Kilk Session and Fin2ocial Board S¢s5iOD Cle￿(

LINKTOWN CHURCH OF SCOTLAND, KIRKCALDY SC012039

Notes to the Accounts

Year ended 31 December 2023

Trustee Remuneration and Related Party Transactions

During the year one trustee received reimbursement of expenses incurred totalling £207 This related to ministers travel expenses.

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.

Movement in Funds

At 1
January
2023
£
Unrestricted Funds
Designated Fabric Fund
39,085
Designated Gen Reserve Fund
50,927
Kirk Cafe
425
Young Church Project
87
Guild Fund (see also restricted)
281
Sunday Coffee
86
Music Group
241
Defibrillator Fund
610
Wed afternoon group
22
Youth club
1,016
Flower
265
General Fund
264,845
None - Agency collection
357,890
Restricted Funds
Women's Guild Work
800
Session Trust Fund
1,068
SS and Youth Work
330
Restricted Fabric Fund
4,400
6,598
Gain in value of Investments
Session Trust £150.50 Gen Reserve £2710.40
Restricted agency fund -from Statement of Assets
Endowment Funds
0
Total Funds
364,488		 Receipts
2023
£
2,710
16
55,023
57,749
42
72
114
0
57,863		 Payments
2023
£
2,840
241
1,016
49,643
53,740
0
898
0
54,638		 Transfers
2023
£
610
-610
-22
1,256
1,234
151
151
2,861
0
1,385		 At 31
Dec
2023
£
36,855
53,637
425
103
281
86
0
0
0
0
265
271,481
0
363,133
800
1,261
402
4,400
6,863
-898
0
369,098

9

LINKTOWN CHURCH OF SCOTLAND, KIRKCALDY SC 012039 Year ended 31[st] December 2023

Purposes of Designated Funds

Fabric Fund & General Reserve Fund – The Trustees have set aside funds from previous years’ surpluses for the maintenance of the Church property.

Defibrillator Fund – It was agreed the remaining £610 in this fund should now be moved to the Fabric Fund.

Guild Fund - The Guild has its own fund and fund-raising activities. Guild Bank Account and Cash - £281

Linktown Kirk Café - The Café operates with a Committee of Church members and donates its profits to the Church for identified purposes, and to other charitable purposes from time to time. Own Bank Account and Cash - £425

Flower Fund – Balance £265

Music Group Fund – As this group is no longer operating, it was agreed this balance should be moved to the general fund. £241

Young Church Project - £103 is held on behalf of the young church.

Youth Club - Currently not operating so but balance now moved to General Fund £1016

Wednesday Afternoon Group – Currently not operating so this fund has been cleared.

Purposes of Restricted Funds

Session Trust Fund – This is a Fund set up many years ago by the Trustees to provide for any specific identified need. Church of Scotland Growth Fund units - £1,292

Guild Woman’s Work with Church - Set up many years ago by the Trustees. £800 invested in Church of Scotland Deposit Fund.

Young Church and Youth Fund – In previous years the Trustees set aside funds for use by the Young Church and for youth work. £330 invested in Church of Scotland Deposit Fund.

Restricted Fabric Fund – Funds donated and invested many years ago by the Trustees to be used solely for Fabric purposes in Church £4,400

Purposes of Endowment Fund – Nil

10

LINKTOWN CHURCH OF SCOTLAND, KIRKCALDY SC012039

Year ended 31 December 2023

Analysis of Donations
WFO Scheme (non Gift Aid)
Gift Aid Donations
Tax Recovered on Gift Aid Donations
Ordinary Offerings (Open Plate)
Other Offerings, Donations etc.
Analysis of Payments
Costs of Generating funds
Investment Managers' fees
Offering envelopes
Cost of Exceptional Fundraising
Charitable Activities
Ministries & Mission allocation
Presbytery dues
Voluntary Additional Stipend
Minister's expenses
Ministerial Assistance
Pulpit supply
Other staffing costs
Fabric repairs & Maintenance
Council Tax
Heat and Light
Insurance
Equipment Costs
Church Office expenses
Organ & Music
Printing, Stationery & postage
Other expenses
Governance Costs
Independent examiner's fees
Total Expenditure		 Unrestricted Restricted Endowment
Total
Total
Funds
Funds
Funds
2023
2023
2023
2023
2022
£
£
£
£
£
6,011
6,011
7,362
17,501
17,501
21,176
6,111
6,111
7,507
1,235
1,235
1,060
5,071
5,071
3,981
35,929
0
0
35929
41086
131
131
120
0
0
131
0
0
131
120
18620
18620
26830
1377
1377
1141
0
0
0
207
207
465
0
0
11534
11534
7400
7134
7134
6294
2832
2832
2419
0
0
0
3135
3135
3997
3606
3606
3354
1374
1374
3075
0
0
0
396
396
0
304
304
151
2251
2251
1970
52770
0
0
52770
57096
Nil
Nil
Nil
0
0
0
52901
0
0
52901
57216

11

LINKTOWN CHURCH OF SCOTLAND, KIRKCALDY SC012039 Year ended 31 December 2023

Ministers Stipend

All Church of Scotland congregations contribute to the National Stipend Fund which bears the costs of all ministers' stipends and employer's contributions 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 minimum stipend was £28,700 and the maximum stipend (in the fifth and subsequent years) £35,269

Collections for Third Parties
Alzheimer Scotland
Ukraine Appeal
Blythswood Care
Christian Aid
Gillian Rose Midwife Sponsorship
Samaritans
Sight Scotland
Veterans
Stroke Association
Young Church Project
Turkey & Syria Appeal
Total		 2023
£
105
-
140
1000
2000
410
134
-
-
324
4113		 2022
£
-
1000
75
1000
2000
173
95
97
27
-
4467

12

LINKTOWN CHURCH OF SCOTLAND, KIRKCALDY SC012039 Year ended 31 December 2023

APPENDIX

FUNDS HELD ON BEHALF OF THE CONGREGATION
BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES
CAPITAL ACCOUNT
2023
Credit Balances held at 31st December at cost
Nil
Market value balances at 31st December
REVENUE ACCOUNT
Credit Balance held at 31st
December
Nil
TEMPORARY
ACCOUNT
Credit Balance held at 31st
December
Nil		 2022
Nil
Nil
Nil

13

LINKTOWN CHURCH OF SCOTLAND, KIRKCALDY

SC012039 General Fund Budget

INCOME
Offerings
WFO Scheme non Gift Aid
Gift Aid Donations
Tax Recovered
Ordinary Offerings
Other Offerings
Other Ordinary General Income
Congregational Organisations
Regular Fund Raising
Exceptional Fundraising
Weddings and Funerals
Investment Income
Bank and Deposit Interest
Use of Premises
Miscellaneous Income
Life & Work Income
Donations
Legacy
Donation for Youth Project
Retiral offering
Christmas Appeal
Total
EXPENDITURE
National Ministry & Mission and Wider Work
Ministries and Mission Allocation
Presbytery Dues		 Budget
2024
7,000
18,000
6,000
1,000
100
32,100
500
1,500
1,000
500
10,000
0
4,500
200
0
500
1,000
0
0
1,500
21,200
53,300
18,620
1140
19760		 Actual
2023
6,011
17,501
6,111
1,235
0
30,858
506
1,665
0
400
15,105
0
6,595
0
245
0
2,500
64
-428
0
26,652
18,620
1376
57,510
19996

14

LINKTOWN CHURCH OF SCOTLAND, KIRKCALDY SC012039

Local Staffing Costs
Ministers' Travel Expenses
Ministers' Telephone Expenses
Pulpit Supply
Church Officer - Salary
Organist - Salary
Cleaners - Salary
Building Costs
Fabric Maintenance - Church
Organ/Piano Maintenance
Heating & Lighting
Insurance
Cleaning Materials
Upkeep of Grounds
Fabric Maintenance - Manse
Council Tax - Manse
Other Local Costs
Printing, Stationery & Postage
Telephone
Equipment
Life & Work Expenditure
Publicity & Adverts
Outreach - Bangladesh Nurses
Choir & Music Expenditure
Young Church & Youth
Miscellaneous Expenditure
FWO Envelope Costs
Retiral offering expenditure.
Audio & CCLI Licences
Total
Surplus/Deficit		 Budget
2024
200
0
11500
0
3800
3200
18700
2,000
200
3,000
3,500
50
0
0
0
8,750
300
0
1,200
0
0
300
0
50
250
130
0
450
2680		 Actual
2023
207
0
11534
0
3853
3281
18875
2,832
396
3,135
3,606
10
0
0
0
9,979
304
0
1,374
420
0
395
0
34
628
131
276
488
**4,050 **
49,890 52,900
3,410 4,610

15