The Church of Scotland Falkland Parish Church of Scotland RECEIPTS AND PAYMENTS ACCOUNT YEAR ENDED 31 DECEMBER 2023 CongFrcg#tion No: 2615.51) Charity No: SC 012247
Reference and Administrative Information Charity Name Falkland Parish Cl)urch of Scotl(ind Charity Registration Number: SC012247 Contact Address= Trustees Kirk ,Ses%i(In Principal OffiL'e-bL'arers Interini Moderator.. Sessioii Clerk.. Church Treasurer.. Independent Examiner Bankers Bai)k ol. SLoiland, "fhe Cross Cupar KY15 4BP
Trustee.8' Annual Report Falklaiid Parish Chur¢h of Scotland Year ended 31 Decembei. 2023 Structure, Governance and Management The Church was adrninistered in accordance wth thc tcrnis of tlie Deed of Constitution (Unitary Fornil. Recruitment An(F Appointment tsf'i"ru8teo McmbS of thc Kirk Session are tiie charity trust¢es. The Kirk Session membcrs arc the eldcrs of the church and are ¢hi)Stn froti) tho.%¢ menibers of tjie churcli who are consider¢d 10 l)aYc the appropriate gifts and 5ki115. The Interiin Mvderatur, who is a nTreinber of the Kirk S¢ssioii, 15 appoii)Icd by Presbirtery itiid chairs Ihe meetings of the Kirk Ses5lOll. Org4ni5alioDAI Sirutturc The Kii"k Scssion met on four oc¢a$ions during 2023. with an average attet)dance of six. Thc Kit* Session lias ovcrsight of all Inaiier5 pertaii)ing tv the Cl)urch. Certain responsibilities arc dclegatcd to thc Financ¢ Conui)ittee, the Property Coi)miittee, tlie Worship and Pastoral Committce and the Fundraising CoTnmittee as appropriate. Objcctives ArtÉYitie5 The Cliurcl) of SLotland is TriiiiraTian iii doctriiie, Refornied in tradition ajid Presbyterian in polity. It exist% io glorify Clod aiid to work loi tlie advai)¢eJnent of Clirist's KingFdom ihroughoul thc world. As a iiational Chui"ch. il ackniowledges a distinctive call and duty lo bring tl)e ordinan¢¢s of relig2on to th¢ people in every parish of Scotlaiid througji a terriiuridl ministry. It co-opcrnt¢s with other Ll)UTches iii various ¢cumeiiical bodies in Scotland and beyond. Falkland Church rcm, 'f¥. Sunday mornii)g scrviccs tl)rouo wei'e conduLted by .liout Ilje y¢di' Worker. sall also i rhe Eden Tay Cliister Mission DeielopinLJIt lip oil a weekly blS vid ejnaillsocial incdia. A Chri%trnas Eve %crvice was led by1) thc sanctuary aiTrd was well supportcd by rl)c con)muniry and ali united service look place at Fi-eucliiL 1111 C'lii-i%lliia% l)ay. Offering% collecicd ai both Lhri%ima5 Sejvices were donatcd to It's Our Time Tu Shiii¢'. Cl)ristian Aid'.$ Cliri8tin<lS 2023 appcal to Iielp undtipiivtlLgTcd young wonicn liviiig in Bangladesh carvc their owi path out of poverry by ii)orea5ing inleniel access aiid li'aining to enclblc tliein to Iradc onlinc from thc satcty of tlieir owi) hoin¢5. Clirislinas gifis were doiiaied 10 ihe Salvation AiThy Toy Appcal and 123 fjllcd shoeboxes were seiit to Blythswood Cai¢ Christmas Sl)oebox appeal. Th¢ l.alkland Luncl? Club coJitjnU¢5 to meet wcekly itl tlie Cominuniiy Hall, providing a meal and activities for eldei'ly and infimi. A Walkiiig Group coi)iinue lo Ineet weelcly on Tliursdays. Falklaiid Lhurcl) coiitii)ues to panicpale in jos111 worship ai)d social evcnt atrai)ged with thc Edcii 'l'ay Clustcr gi'oup aiid during 2023 actively Ln¥agcd in discuE.sioii.% wilh all tlTrc Llu%t¢r cmbcr% workiiig towards a unioii of Ilie four Lliarges iii accordancc with rhc Fifc l?rc8bytery l)laii. Iii a liinL wIIcii cliangc is iihiiiinent, we ¢oRtJi)ue to seek tiod's guidance and vision 10 how bcst tlic spiritual aiid pasioral necds of ilie pati5h Lan be served within tl)¢ proposed Clllstcr strncturc.
AehR¢vetlleJats Perfornianc¢ The Church had 95 member% on its roll at l January 2023. Two members were added to the Roll of Communicallts and six members removcd flve deaths and one transfer bv certificate. There remains 91 members on the Communicants Roll plus 3 adherents at 31 December 2023 .'the Church continues to serve the pastoral needs of the pÈrish, with three baptlsms conducted in the Church during the year. Engagernent continues through the Mission Development Support worker with the I school and services are deltvered in the care home at various points during the year by th¢ worship team. Finan¢l#l Revlew The main source of incorne remains from regulaT offerings and donotions. Tncome from this source (including related gift aid iefunds) increased slightly during 2023. Fundraising opponunitres have remained limited. Investment iftcome however has in¢reased. Expenditure h&8 remained stablè despite rising electricity and fuel costs, resulting in an actual deficit for the y&gr of £4,264. The inerease in Lunch Club income and ¢xpenditure reflects the return lo tull op*ations ptsst Covid. To help with cashflow towards the end of the year. we withdrew £8,705 from the Con501idated Fabric Fund Revenue account and this has ensllred we have suffjcient cash reserves to meet almost 6 muRths expenditure, and a surplus per the accounts of £4,441. Th¢ Church is dependent on the Manse rents to Ver Its annual operatlll8 d¢ficits. Reservts Pollcy It is the wlicy of the Trustees to attempt to hold reserves of approximately three months expenditure in¢luding d¢signated funds. The lev¢1 of reserve5 held in our own fitnds at th¢ end of 2023 would meet that policy. 11J¢ Trustees continue to explore ways to increase revenue and build reserve5. Funds wer¢ drawn from the Consolidated Fabric Fund to meet expenditure during 2023, but no fvnds have been with<trdwn since 2021. capit fndS are available to cover the expenditure exp¢cted in 2024 on a new boiler. ststernent of Trustees, Responsibilities The members of the Kirk Session must prepare financial statements which give suffjcient detail to enable an appreciation of the transactions of the Church during the financial year. The metnbeTS of the Kirk Session are responsible for keeping proper accounting records which. OT2 requesL must r¢flect the financial position of the ChuTch at that titne. Thi5 Illust be done to Cnsure that the fJRancial statements comply with the Charities and Trn$t¢e hjvestment (Scotland) Act 2005. the Charities Accounts (Scotland) Regulations 2006 and the R¢gulaiiolls Anent Congregational Finance approved by th¢ General Assembly of the Church of Scotland in 2012. They are also responstble for safeguarding the assets of th¢ Church and must take reasonable steps for the prev¢ntion anivor dete£tion of fraud and other Trregularities. Approved by the Trustees and sied on their behalf, 6th F¢bnwy 2024
Falkland Parish Church of Scotland Independent Examiner's Report to the Trustees of Falkland Parish Church I report on the accounts of the charity for the year ended 31 December 2023 which are set out on paged 6 Respective responsibilities of trustecs and examiner Th¢ charity's trustees are responsible for the preparation of the accounts in accordance with the temis of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity trustees c()n8idcr tliat the audit requirement of Regulation 10(I) (d) of the Accounts Regulations doc.s not apply. It is iny responsibility lo cxainine the (IcLounts a.8 required under section 44(1) (c ) of the Act ]d lo .%late whether dny particular matters have come to my attcntion. Basis of independent examiner's statement My examination is carried out in accordance with RegulatTon I l of the Charities Accounts (Scotland) Regulations 2006. An cxaminalion includes a review of the accounting records kept by the charity and a comparison of the accouiit.s pi-esenled with those recoi'ds. It also include.% consideratioi) of any unu8u&l items or disclosurcs ii) Ilie decounls, and seeks explanation.s fomi the trustees ooncerning any such matters. The procedure% undLrt<qken do iiot provide all tlie evidcnce that would be required in an audit and consequently I do i)Dt express an (tudit opinion on the view given by the accounts. ludependent ¢xamincr's statemcnt In the course of my examination of the stalemcnt of account for the year ended 31 DeLember 2023, no matter has come to my (Ittenlion. which gives me rLasondble cause to believe that in any material respect the requirements to keep aLcounting Fecords in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accouiits Ilcgulalion.s, and to prep-e accoiinls wliich accord with the accounting records and comply with Regulation 9 of the 2006 Regulation% havc not been tnet or to which, in my optnion, attention should be drawn in order to enablc a proper understanding of the account5 lo be rcachcd. Si)ed Name Address Date L</3ILtr
Falkland Parish Chureh of Scotland Recei ts and Pa ments Account Year ended 31 December 2023 Unrestricted Restricted ]nd5 Endowment Funds TotAI 2023 TDt%l 2023 2023 Recei Donations l.egacies Activities for Cjenerating Funds Bank & Dew)slt inleresi Investiiiejil Trnconie 2023 2022 Note 19,659 19,659 19,072 966 966 1,444 2.338 22,970 2,338 22,970 1,903 ?2,420 Rental of Church Rooms Sale of dssets Sale of investments Granis ReLeipts from Gcneral'frustees CIusieT Fund liicome Lunch Club Income 195 1,285 8,705 640 1,285 8.705 640 1,262 4,838 4,838 1,920 Total Recei ts 38,4_38 38,438 25,797 ments Cost5 of generating funds Charitable activities Governance costs Otlier Payments Total Pa 'm¢nts 70 70 279 34,719 33,807 120 33,807 120 33.997 34.998 Excess of Receipts over Payments for the year befor¢ transfers 4,441 4,441 -9,201 Transfers Excess of Rcccipts i)ver Payments for the )'ear 4,441 4,441 -9,201
Falkland Parish Church of Scotland Statement of Balances At 31 December 2023 Unrestricted Restricted Funds Funds F,ndowment Funds To¢41 Total 2023 2Q23 2023 2023 2022 Note Bank & De osit Ral#n¢es Bank & Deposit balances brvuglii fonvard 15.420 15.420 24,621 Movement in year: Exce%.$ of Receipts over Paynienis for the year 4,441 4.441 -9,201 Bank & Deposit balancrs carried forward 19,861 19,861 15.420 Investment.q at market value .huTch ot"S¢otland Investois Tru5t-Growth Fund (c05t £21,709) Church of Scotland Investors Trnst- Income Fund (cost £25,000) 54,545 54,545 50522 ?2,293 22,293 76,8.38 21,47C) 54,545 22,29.1 Assets Gift Aid Receivable 800 8(X) 768 Liabilities PAYE The accounts werc approvcd by the Kirk Session and Financial Board on For and Iiii bch<ilf of ihL Kirk Se.%siuii aii(I financial Board Session Clerk Treasurer
Falkland Parish Church of Scotland Statement of Balances Notes to the Accounts l. Truste¢ Remvnerotion Related Party Transactions No trustee or a person related to a trustee had any interest in any contract or transaction entered into duringy the year. 2. Movements in Funds AtlJ* Ai31 Doe 2023 2023 Rcceipts PiyTnent8 Transfer5 Unrestrictcd funds Revenue Funds General Fund Designalcd Fabric Fund Organ Fund Cluster Fund Sunday School Ac£ouDt Lunch Cliib Capital Funds Fabric Fund Sunday School Fund -5,198 6,339 5,551 410 430 5.252 30.345 1,329 24,958 1,690 189 5,978 5,551 90 431 4.986 640 960 6,123 6.389 386 200 13,370 386 200 38.438 33,997 Restricted funds Revenue Funds Organ Fund Pari%h Welférc Fund Capltal Funds Jackson Bequest Iorgan) 49 1,001 49 1,001 1,000 1,000 2,050 2,050 EDdowment funds Total funds 15,420 38,438 19,861 ses of Desi ated Funds Fabric FLind.. The Trustees have Set asidc funds for the mainlcnan¢e of th¢ Church propety Organ Fund This fund is intended for use to purchase a new organ Cluster Fund - This represent5 income and expenditure incurred on behalf of the Eden Tay Clust¢r group. Sunday School Fund - The Sunday School holds its own funds for exprnditure on Sunday School Activities. Lunch Club Fund - The Lunch Club holds ils owrL fund5 for expenditure on Lunch Club Activities. oses of Re tricted Funds Organ Fund - This fund is used for the upkcep and tuning of the organ Parish Welfai¢ Fund - this fund is be used for thc poor of th¢ parish at the discretion of the minksler.
Unre$tricted RwtrFcted Funds Fund$ 2023 2023 EDdeTrt Funds 202J Totsl 2023 Total 2022 3. Analysis of Donations w'ro Scherne Inoa Gift Aid) Gift Aid Donations Recovered on Gift Aid Donations Ordindry Offerings {Op¢n Platel Othcr OffttIn Donaiivns etc Sunday S¢hool Dontttions 3,877 9,879 3,004 1,115 1,784 3,877 9,879 3.004 1,115 1,784 1,588 10,595 3,201 1,173 2.515 19,659 19,659 19,072 4. Analysis of Payments Costs of generating funds Offcring Lnvelopc8 Fundraisin¥ Expenses 70 70 84 195 279 70 70 Charitable activities G2ving to Grow contrEbution PTesbneFV du& Interim Modcrelor Expenses Pulpil supply Other Siaifjng Co51s Fabric Repairs & Maintenatt¢e Heat znd l.ight InstsianLe Ground% MaintenattL Organ, Piana & CLI. COSis Sate Custody Fees l.unch Club Expenses Sunday Scho(Il F.xpcttse5 Cluer F.Kpcn%¢s Cluster Contribulivn (hheT ¢xp¢nscs 8,692 563 408 2,952 1,750 8,692 563 408 2,952 1,750 1,131 4,920 4,904 560 331 127 6,388 15.538 616 511 2.261 2,525 879 4.719 4,418 520 310 4,920 4,904 560 331 127 6,388 3,045 960 77 44 33,807 960 77 44 33,807 -1,023 240 160 34,719 Goverllan¢e Costs Ind¢pendellt kniner 120 120 Other PaymeDts Pt2rchas¢ ot'lnves1rnenis
- Minister's Stipend All Church of Scoiland 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. Nqinisters, stipends ar¢ paid in accordance with the national stipend 5cal¢, which ]% rclaled to years of service. For the year under review the minimum stipend was £30,135 and the maximum stipend in 5th and subsequent years of service was £37,032.
- Bank and Cash Balanees 2023 2022 Bank of Scotland General Alc Bank of Scotland .8unday School Alc Lunch Club Funds Church of Scotland Investors Trust Deposit Fund 12,850 437 4,988 1.586 19.861 8,152 430 5,252 1,586 2023 21122
- Collections for Tbird Parties Christian Aid Love Oliver 285 177 245 422 285
APPENDIX FUNDS HELD ON BEHALF OF THE CONGREC.ATION B Y THE CHURCH OF SCOTLAND GENERAL TRUSTEES 2023 2022 CAPITAL ACCOUNT Credit Balances held at 31 December at cost 45,566 45,566 Market Value of Balances at 31 December 65,399 70.172 AIEVENUE ACCOUNT Opening Balance at l January Adjustment for over allocated rent 2018 and 2021 per General TnteeS Interest during )'ear CFF Share Dividend Rental tncome from Manse received during year Administration Costs Withdrawals during year Closing BalanLe al 31 December 26,336 -504 961 2,092 5,073 -272 -8,705 24,981 20,296 1,476 4,890 -326 26,336 10