Upper Annandale Parish Chureh, MoffAt ConEregAttonal Acrounts FOT the Year Ended 31st Decembcr 2024 Church ufsLodand ReferenL% 0707412 ,S¢oltish ChaTity Numbcr SC012236 Uppcr P¥r15b Church. MoffA¢ Rtference and Admini51rAtive Info￿ation Chtsriiy NaJn¢'. UppLr AnnandalL Pdnsh ChurLh Charity Rcgi51ration N￿￿be￿. SC012?36 Con8rcgaiion Rcfcrcncc No.. 070429 Contact Address- Brdidholn) W￿nPl￿dY Moffllt DG109NE PrincipAI oifice-beArers Mini5t¢r'. Se&sion C'.Itrk.. t)epuiy Sesst¢)n Clerk.. Churbh Tieusut¢i". Indvpeiideiii inin¥r t)umfries F.nlerprise Park H¢aihhttll, Dumfri Dctrl 3SJ B*nktrB Bllnk of Scotland 8 1.ltgh Strcet Moffat Pa8c I Upper Annandalt Pftrlsh Church, Mofrat Tru$t¢¢$' Attnu#l Rcport Year Ended 31 Detember 2024 Structure Gover#n¢e and MaN*geJnent Gov¥rRing DOC￿ment The LonbPieb>alii)rt is a rtgTisIcTed charily. nuniber SC012236 is adininisiered in dciorddn¢e wilh Ihe ienns ofihe MLMJel tked ofconsiilulion (or Deed of Consiiluiion Iuniiary Forn)). 11 is $ubj¢¥l io lh¢ Arts and Reuiulaliuns ofihe General Asstmbly L)f the CliurLh ot'S¥oilaDd. Recrultment and Appolntment o(Trusttes m¢￿bers of t12c Kirk Scssion arc the charity trusi¢¢s_ Th¢ Kirk S¢ssion t[￿bC[S arc cldcrs of tlie chureh alid arc choscn froni ihosL n￿MberS of th¢ ¢hurch who aFC con5idcrcd to have thc appropriarc 81ft8 and ski118. Thc mininstcr, who 18 8 memb¢r of the Kirk 8¢ssion, ss clccied by ihc con8rcgation and iDdii¢icd by PT¢4b￿ery. Org*ni$ational Strncture Th¥ Chil￿h,5 affaiTS are managed by different teams e.y. FinatKe, Property, Pasivral. Woibhip, ME%sion ar￿ OutreaLh. C41Lh of ivhiLh rcpons to rh¢ Kirk SLSSLOll at ivcry ill¢¢ting. Th¢ KJrk.SLs5ion is chair¥d by thL IMinistLr EnLxts' at least thrcc timc$ A yLar. Ccrtsin rL.%P(In￿1blIitiC4 arc dclLgalLd tTr th¥ FinaiicL and PTopLrry Lomiiiiit¥L% as dLiYnul appropriate and the Kirk 8e*sioll IE r¢.spoii%iblc tor spir5tual affair8 within thc Church aiid tlie pzrish. Objecdves Thc C.'hurth of Sco(land is Triniiarian in doctriiie. Reformed in Iradition ajid Presb￿er1an in poliiy. Ii exits1¥ (o g]orify Gvd lo Work for the advunc¢iiient of Chri81'5 Kingdoiii IlJroub7hout Ihe world. A¥ a n¢itiuJ]al Church. il acknuwled&Tes a disliTKiive Lall and duly io brinbi Ihe ordin4n¢¢5 vfrelik?iL)n io (he people sn tiery parish ofsioiland Ihrougrh & territorial ininigtry. It Lwp¢ial¢i Wlth uiher ChurLhtS iTt vorious eLuineniLal bodies in ScotI￿n￿ dnd b¢yond. Th¢ Church dnd its LOn￿yTL￿y￿iIiO[J w(Trrhip5 in a vdricty of way5. RL'Lyuiar Sunday worship. whiltst l¥d by cirh¢i' Ihc Mini%t¢r (Ir (Trnc ()f our wor%hEp ILad¥rs, dlw¥ys inipolves viliLr mL'mbLr% of ihc LI)n￿r&￿tiOn rciiding. Icading praycrs providiiig livc music. At ccriain lim¢.% of the ycar. worship will bc lcd by onc of the Church Organi￿1]0nS or will bc ccujncnical in naLur¢ ivorking alofigslde thc tsthcr ChTi5tiai) Cliurchcs in thc arca. Our youth involvcmcnt is sinall a¢tiv¢ attcnding ChuT¢h Tcgularly. mcciing wcckly for Alph24 and %tudy 2nd taking part in Sunday.*rn"i¢c%. ThcTC a r¢&4ilar Fliblc sludy hoiisc 8roup8. Several anniial fvndraisinbT ev¢nt$ are held %pc¢ifJ¢ally lo rai￿ fiitM15 for thc wid¢r C.hurLI)'s niission charl￿ble givink boih locally and fariher afield. Pagc 2 UppeT Annvlndalc P*r551t ch￿reh, MolTal Trusttts. Anrttr*l Repthrt {tont.) Year ended 31 Dtcemher 2024 ACHILVEMEfiT.S AND PERbOKMANCE The Chiirch has had ils firs1 full year in ils refurbi&hed siale wilh a now compleiely flat fli>or floor of approx. 375Th and coinplcicly movablc.%caiiiiq. a si&tc of rhc an sound aiid ￿lsual sysicni aL)d a purposc-huili 5cTh'cry for f¢llowship. Thc new flcxibility and equipmeiii Iiavc madc the Church tar IiM)rc inclllsive 10 many peoplc ivho would havc be￿1 excluded oth¥rwi5C'. th¢ scvcral ivhc¢lchair us¢i.% who now attend, mosily from the local care hom¢. worshippers wilh y(Trung childTen, Iliosc who arc hard of hcaring or visually impaired. The iicw servery ha5 madc posl scrvic¢ f¢llowship an integol p)n of every Sunday with many o(Ihe congre￿il0￿ remAinui8 for inwonllnl soctal inleraclion. The AN equipment ha$ opened the ChuTch ILI the in¢lusTtsn vf live musli, in Jll foms. Irom regular Sw)day praise 10 fyll sLale choils and cor>certs. A 5n]all bur dedilated group ocii)ernb¢rs hd5 trained in its Use. Granls. WeT¢ lo expand our In￿$1¢42] LNuJpment for thi use of ihc youth Jatn B￿2ftd group iviihin thL Church and iinpLlltanily for taking'mobilc PraisL"" tc) nLi¥lib()uring L<)rnTnui?ilii% wh¢r¢ IhiTL dre n() li)ngtr ch￿￿hL¥ or ()r88llisLsd Suoday W(it%hkp. Th18 Is still bciii¥ dcvelopcd but thc sm'iccs arc i)roviiig vcry popular. The opportunitie% for eommunity BTOUP$ to ijse Ihc Church lo scrve the IcK21 community has algo bccn 8rcaily cnhanced hclpinkF Ihc C'huirli lo bccotnc rnorc c¢niral in lh¢ lifc of Ili¢ local cominuniiy. A$ well a.% Church organisaiions. a widc varicly ofboih.4L)cial and healih and w¢llbringJ clas4e& loddl¢r group. C.'iti/rn% Advic¢. tnu5ic groups, C"arer% Group, sti classes and weekly Itd dropin groups for local people LO 5h&re fellowship. FINANCIAL REVIEW 2024 reprcsented th¢ first full y￿r in the life i)f UppLY Annaiidale Parish ChurLh atMI has generarcd our f115E full yea15 aN)ual accounis with adjusunenis being niade 10 Ihc accowits for 2023 to includc w￿￿pI)2ry and KJ allowiiig for a full ￿ld accurate coinparison 211d 21)alysis. It 3150 Saw thc ¢ompl¢tion of thc chu￿11.* redevelopment and whilc the fin81 bills luvc bcen paid. the most gcnerou5 membcr has Still to be fully rcpaid and WE are on tar¥cl to have done this by ih¢ alloited time of l• y¢ars. The working surplub ihen in 2024 was a mo¢Jes1 £8,136. which looks like a loi bu( when yoii ¢oJ]sider li costs approxirnalely £I10.000 u year its run Ihe Church. it's a TtSaTively Small ¢ushion. Other thinbS to note in In¥ome- • Thc signifi¢ani drop in r¢vcnuc obtaincd N'ia bJT¥nlS. Wlth po on¢ having ovcrall rlsponsibtlity for this iinport¥mt but involv¢d Chan8CS in how wc give. Volwirary giving up 21'A 0112023 which is a fantastic cffort. IIowcvcr, liow we giv¢ has thangcd. Moiiics dirccily banked and giwcn via rcnMinin8 rcl?L tivcly unchangcd while rhcrc havc bccii significant ipcrea%¢s In open plate giviii&s and oth¢T doDaticn$. While this really po%itivc. it 1% 8tgnifi¢ani bw1£ U.%c wc cannor claim gsft aid on open plalc giving aad QTC re511c￿d in whal wc can clai1￿ on donalion%. In 2024 wc wcir ablc to clairn ovcr £12,000 b4K'k from Ihe iaxman and ihis eoiild be far more wilh a eh#nge in how we give. Thin¥5 ul'nol¢ in Expenditur¢'. The 19QA increase can be artributed largely to i]ll'ee ihings. Th¥ Church bLing flllly op¢rAtioNI tor th¢ ivhol¢ of 2024 dnd th¢ obi'tous runniny Losts inCu￿¢d. The gLyivral in¢t¢atsL' 111 th¢ ci)st vf Iivi51g dffLLlsiig whal Iv¢ spknYII ()n LYILrby, fiiL'I, LhwLh fdbftL and suppliLS LfL'. The cosi of hcating Ihc churchlhall which incre2sLd by 47,/0 on 2023,5 ¢OSt. a5 a rcsult oCth¢ global ris¢ itt eltttricity a￿1 as priccs and rlie faci djc church wa% clo%cd for much of 2023. A5 ever. our tnemb¢T5 aiid friends conlinue lo be m051 faiihrul on 5UPPOrting our wonderful Chuith and we ar¢ graieful. Pa¥¢ 3 Upper AnD#nd#le PAri$h Chur¢h, Moffgt Tru5tL*5' ADnu81 Report {cont.I Ycar ¢ndcd 31 Dc¢¢mb¢r 2024 INVEsT￿IENT POLICY Iji a¢coidaiie¢ ivit]) tlie Tiu%t Decd, tli¢ Chority Tru%t¢¢¥ hav¢ the power to IEJVtsI in wch $tockq,-shaw& iDv¢itincoL% and propcrty thcy 5cc f11. T￿rC arc iio Te%triciio¥is on Ihc Charitg% powcr to invcst but the Charity Truqll￿5 have adopied an clhical iiivcslmenl policy in Ihal ihcy di) not. knowingly dirc¢ily inves( in companiLs in the iobdcco. defence or drinks induslry. RESERVES POLICY 11 Is the ch(￿lty TnJstLes' policy to hold cash re%etvtq of approximtstL'ly thTLe mDttihs ¢XPLndiwrt. At IhL ve2r ettd the Cl]trch held an am¢>unt in exc￿ of the three mthiths ptojeLtLxI expenditttre which we aim lo retsin to Tneet our budget eoiiimittiicTrrs. ststemtnt of Trusttes. Re%poD51bllltles Cliarily la¥¥ tequirr5 Ilit Truslte5 10 Ptfwdrc fiiiaiiLial 51aleinenis fot rach rjn￿llE1u] year wliiLh a tru¢ and fair vl'ihc stol¢ of atrait5 01.ihe charity and it5 lir)nnrial o¢tivilie5 foi- Ihal pci-iod. In pr¥pnrin¥ ihos¢ linoncial slaternenl4 the tru$t¢¢s ar¢ Teqiiir¢d iu.. I SCIL￿ %uitsblL accrjunting poliLiCS and thLm ￿￿pplY th¢m Lonsistenily: 2 Mak¢ judg¢m¢nts and ¢Itima￿S are Teisonabl¢ And pnthtbt.. 3 Stale whether applicable accounling siandard$ 2nd siaiemeiil8 of recommeiided praciice have been rollowL'd. subje¢1 io any dqTrarturc% di5¢10sed and CKplain¢d in Ihe financial sthiemcftls", and 4 Preware the finanLial si&(ements on Ihe going concern basi$ unless Ll is Èn8pproprÈoie io presume Ihai the Lharity will 6oniinue in Lipvrniion41 ¢xist¢nce. AppTI)vcd hy the TnJqtec.4 and.siencl nn iliLiT1schnlf Pagc 4 Upper ARn2ndalc Pxrl$h Chvrcb. Moffat Charliy P40. Sl'012230 Independent Ex8mlner'5 Report to the Tru$¢ees of Upper AnnAndale Parlsh Church. Moffat I rLPi)n (In Iht ()f thL Charity f()r IhL yL4if LEidcd 31 DLLLmhcr 20?4 ihai ¥rL sci oui i)n pag¢s2toll R¢sp¢ctlv¢ ResptyTh51bSlltl¢s of Trts5tee5 #nd F,x*mlner Thc chorily"$ iru.slcc5 arc rcsponsiblc for Ihc prcparaiioii ofthc accounLS in accordaiicc *'Lth Lhc lerm% ofihe Cliarities l￿d Trusiee Inve%in)enl Iseoilandl Ael 2(K>5 and lh¢ ChJrilie¥ AtcounL% (Scoiland} Reg￿latI(￿S 2006. Th¢ chariry tntsr¢¢s con$id¢r thar the lludit reqtsiTeTnent of Reglilation 10{1 Xal to Icl of the ALLVUTbls Rcb7uiarions doLS not apply. It is ll)y rL'spoLsibiljry to L￿nIne tbL LLLounis rLwiiircd utider SL'Ltion 441 Ic) of the Act and to stAte whetber partiLu]ar matters h&Y¢ to my arttljfion. Basis of Independent Examiner's.Statement My cxaminaiion 18 carricd out in &ccDrdance M'ith Regulation I l of ihc C.haritics Accounts (Scoilandl Rcgulaiivns 2006. An cxaniiiiaiion includcs a rcvicw of Ihc accouniillg rccords kcpi by ihe cli£iriiy und d Coliipcll'iliion ofiiie aCLounis presenled llio%e re¢or(Is. li al40 in¢lud¢% consideraiiort vfany urtuitsal Ii¢nis vfdibrlvsuir¥ in Ili¢ aclvunly ¥¢ck5 rxpliln(IIioJ5 fi(rni Iht Tiiist¢es dlly su¢h iiiott¢rs. The proL¢duTeb U[￿ertI1kVn do not pivvide all t cvidLn¢c that would bc reqiiirLd in an audit Imd. LollsLquLnily, I do not Lxprcss an audit opinion on Ihl view givcn by thL' accou￿ts. Independent Ex2mloer'$ St•temetst In Il)t ¢ovrge of my cxaming4 tion. tLO mattcr has COllLe to Lny artentron -which give5 me reasonable cause to believe that in any matenAI respect the rcquirement-. To keep sccouii(inb> re¢ord5 Itt oc¢ordante wjth Se¢iion 4411 l(al of the 21KTr5 Aci Reu*ulalion 4 0l.ihe 201kn Accounls Regulolions. and To prepare accounls which aceord ivith the ac¢ountinu7 rttords comply with Regulation 9 of the 2006 A¢counib Re¥ulaiiot)s hav¢ noi bc¢n imet. or 2.lv iYhi¢h. in tny vpinion. attLntion JhDuld bc (ITuwn in ordcF io cn8blc a PTopcr ChartLrcd A¢cDunUuii arries. Kirk & Mcvean Dumfrics Et)t¢rpris¢ Park Heathliall DLiinfrie5 DGI 3SJ P#8c 5 Upper Annandale Parish Church, MoffAt .8tatement of FlnanclAt ActlvitEes Year ended 31 D¢¢¢mber 2024 Unre51ry¥led Res(ric￿d EndLiwmenl Funds Funds Fiinds 2Q24 2D24 Note Totgl 2024 Total 2023 Ineomin Rt*ouree$ Incoming Resources from Cenerated I,"UDd5 Voluiitary Iiieomc Iiive8tincni Tncome Charitable Activiti Other Incomiii8 Resources Total Incomin Re50urres 82.X88 2.519 29.312 .S,X7X 8X,766 2.519 32.(M2 317.573 3,394 17,2118 124.257 462.512 3,630 114,719 9,508 R￿0 Cosrs of Gcn¢rating Funds ch￿1ritabIC Activilics Ciovcrnaiicc Costs Tvtxl RL'source5 Ex ces 218 105.765 60() 106.583 ?IB 155,426 600 192 728.444 61)0 729,?36 49.661 ended 49,661 N¢t ID¢omlnpJOutgolng before Transfers 8.136 40.153 -32.017 -266.724 Net GainslL055e5 InvestmeThts -3.090 -3,090 TrnDifer$ betw'eell Fund8 -39.873 39.873 36879 Net Movernent In Fur•ds -34,827 -35,107 -225.941 Total Fund$ Brought Forw'ard 310.666 12.631 329,2Y7 555,238 T tal Fund$ Carried Fornird 281.819 12,351 294.190 329.297 Pagc 6 Upp¢r Anm4Dd8le P*ri$h Chureh, Moffat BA14Nr¢ Shcct At 31 December 21124 2024 21121 bixed Assef5 Tangiblt Fixed Asset$ lovesimeni% 160,00(J 35.186 195.1%6 160,000 18.276 I ¥X.276 Current knet$ Debtors Batjk ztid C#sh 10 179420 179,42Q 147.4( Credltor5 Falling du¢ within onr YCOT 6UO 600 146.8U4 341.990 178.¥20 377.096 Loa Loi)n fTom PaTishioner 47.8(M) 47.800 Net Assets ?94.19n 329.296 Unr¢ytri¢ted Funds (i¢neral Funds Designllted Fund5 14 281.839 316.666 2111.839 316.660 Rt5trirtcd Fund5 Endo*ment Fundy 12 12.351 12,631 Totil Fynd$ 294.190 329.296 Accounts were approved by thL Kirk S¢$51VO Pag¢ 7 Upptr Ann4nd#le Parish Church, MoifHt Aecountlng Poll¢l¢s T￿¢ PrillLiPok 'aluc 2024 Nel Bwk V21uc 2023 8. T4n8ible Fixed A￿ets Cos1 AddilioTh& in Ycar Resideniial InN'¢simeni Prop¢rly 160,000 160.000 16U.000 9. Invcst¥Dent$ 21124 2023 Market Value ai 31 D¢ceinber 2023 Pro¢ccd5 On Church ot Scotland Growth Fund Proclrds Church ()f SLoildrtd IIiLuinL Fuiid Procccds of Smith &. WilliaTrnSOli Portlolio invcstn*tLts Realised loss iDve%ttn¢LIIs Unrealiscd gainllo&s on invcstmcnts ihis year 38,270 34,372 -3.090 35.186 3.904 3¥.276 The folloiving inveslmenls are held 554 Gl&¥vsiMithklinL plL ordinary sh2fL5 -31? IAG plc ordinary %harL% I Oxfi Royal D￿tch Shell ple TrTdin8ry %har¢% 554 Haleon plc ordinary sI￿re5 7.460 734 25.011 1.9%1 35.186 8.033 557 1.759 38.276 Page 11 Upper Annandalc Parb$h Chur¢h, Moffit NotLS Formlng Part of th¢ Fi##nei41 Staternents Year endtd 31 D¢¢cmber 2024 2024 2023 111. Debt4)fA Jilt.Aid Tax Rcfund Duc 3,164 3.11?4 I l. Crcdllors ALLYual% 600 12. An*lys1$ of Net As$et$ Among Funds 2024 Gtb)eral Designated Restri¢t¢d EndoM'mL'nt Total Fixc(J A55Ct5 Ini'e%tmcnts CurreDr A*%cts Currcnt Liabililic. 16Q.O(X> 35.186 131.423 411,4(K> 160,000 35,186 147,404 48,400 15,981 Ntt Assets at 31 Decernber 21124 278.209 15.981 294.190 2023 CtNerAI Do5ignatcd RestrictC41 EndoTrvment Total Fixld A5SCts InvLsmK"nt Cllrrcni A8SCts Cu]Tenl Liabilities 16o.oo 3R.27 118,989 -600 160,000 0,431 47.800 179.420 48.400 Nct A&sL'ts at 31 DecL'mbL'r 2023 31(1.665 12.631 329.296 13. Volu#teers In Lommon with all ¢ongregatiotLE ofthe Church of Scotlai?d tlic Longrcgatiom bencfit.s from thc cnntrihlltion rnadt by unt¢er% wlio gsvc thcir timc tor the hcnctit of the chU￿b Thc arca% of congTcgational lifc which Tely on the coiTrtributioll of voluntcers art many and vari¢d and tnu¢h of thc Chuicli'5 work would bc uiMblc to continuc wcrc ir noi for the commiimtn( shtswn. Pag¢ 12 UppeT Annandalt Parisb Church, Moffat Notes Formlng Pgrt of thi. Fin4rt¢io1 Statements Y¢gr ¢nded 31 De¢¢mbor 2024 AtlJaD 2024 Incomlng Outgoing TrAn5f¢rs N¢t Galng ReS￿ur¢e5 Resources on Invesimei At31 D¢c 2024 14..Movemeftt$ in Fund5 EndtswmLlIt FuRd5 Restricted Funds ThITd Party CollertiOTJS FwidFai5inWRLdLve1opn￿nt 648 648 9.508 9,50X 49.661 49.661 39.873 39.873 12,631 12,351 UMreBtricted Funts De&igna￿d Organ Fund Designalcd Junior Lliurch Fund Designaied Flo%ver Fund DesignatLd Guild ALwunt GcD¢ral Fund5 1.370 438 1,370 43¥ 94 391 279.546 391 314.373 154,719 106.583 -39.873 -3.090 T•¢wl Unrestrieted 316,666 114.719 106.583 -39.873 -3090 281,839 Ttstal Funds 329.297 124.227 156,244 -3,D90 294.190 fD FabriL Fund.. The TrustCLS hav¢, silt a¥idc fuo(ts' for ihc mdintLnafLLL of thL Church propLrty. OrLaii Fund.. thL TrusTLLS havL %¢t asidc funds for thL majntLnaiicc of thc orgdn, piaiio and othLr mU%iLdl tqiiipmLnl. Junior Cl)urch Fund." Th¢ TFuste¢s have %ct asidc fi]nds for encouraging and develnping T¢ll￿￿tt astloiigst young ]Koyle in the church Magazinc kul￿= This account 2s ￿8cd 10 facilitate the colle¢iion of paymcnts for ihc L]l￿- and Lifc & Work ma¥azincs Thc fuiids arc tran%ferred annually to the gcncTal account to mcci costs. Guild Accouni.. An accouni uscd by UAPC (iuild to admini51cr Ihcir finaiKes. Deposil FuDd&'. Dcposii iccounis used io hold reserve I'unds 15. C.oll¢ctions for Third Parties 2024 2023 Mary's Meal% Gata AppEal 111(K>d Bikcs 440 320 138 100 226 223 100 100 20 GtJLde Mvifot Mounlain Rebcue Biblt SoLiety Trdr Fund F#miliis Outsidc 527 1.639 7114 Page 13 Upper Annllnd&le Parish Church, Moffkt Appondix trj the Finalltllll Statemetyi I'esr ended 31 Deeember 2023 FUNDS HELD nN BEHALF ()F THE foNGRECvATJON BY TI.IE CIIURCI.I OF SCOTL4ND tiENERAL TRUSTEES 2024 CAPIT.4L ACCOUNT Ctedil Balaiiii's held at 31 DeLembLr ￿t wst MarK'Lr IlaluL of BalanLI'S &1 31 DcL'ember 19,989 100,OOJ 19.989