inross Following Christ Spreoding the Word Serylng the Communlty Church 2023 Trusteesg Annual Report Accrued (2023 SORP compliant) Accounts Kinrosg Parish Church of Seolland Congreg9tion No: 281664 Scottish Charlty No: SC 012555
Trustees, Annual Report Year ended 31 December 2023 The Trustees present thcir annual rcport and fitthnciaE Statllellts of th¢ charity for tbe year ¢nd¢d 31 DeceJnbcr 2023. Th¢ flnanctal stslements have b¢¢n prepared in accoance with the accoulltillg lieies set out on pages 8 and 9 and complywith Ihe General Assembly Regulations for Congregational Finance, the Charitie8 and Trustee Investment (Scotland) Act 2005. the Charitie5 Accounts (Scotland) Re8ulats"ons 2006 (as amended) gnd A¢coutiting and Reporting by Charities.. Stalement of Recomrnended Practice applicable to ckwilies prepartng Ib¢ir accounts in accordance with tILe Fjnancial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014. Objectives and Activities Killross Partsh Church is part of the Church of Scotland artd exists to 8lorify God and to WOL for the advancemeDÈ of Christ'y KingdonL It now operate8 as part of a fornial Parish Grouping alongside the local congregation5 of Clei5h. Fossoway and Orw¢ll & PortmoaL all as recommended by the Presbytery of PcrtM itsclf in ¢nlarged forni as of l January 2023. Th¢ycar startcd with a joint Kinross-5hiFe service at Otwell on l January atd thcn a Day of Praycr 7am to 7pm on 7 Jalluary at Kinross Parisb Church. Sutxlay services are the focus of our congrcgatioDal lifc and offer a range of worship styles. Th¢y are well supported in person as well as being livestr¢amed. Other forn of worship take place1]OUghout the week. including several hous¢-groups. midweck services and evening prayets. The 8acrnment of Holy Communion is celebrated monthly. After most Services many stay to enjoy fellowship over tea and ¢off¢e. Morning Silent Meditation and the late evenADg service of Compline are held rnoothly. Varyin8 fornis of fellowsbip are available via active groups such as the (new) Board Games & Brid8e Group. Guild (which celebrated its 135tb ar1VerSary). Craft Group. Cboir, Dung¢ons & Dragons and Flower Group as well as the weekly online Table Tk. Monthly L¢t's Sing aft¢moons are held for thos¢ living with dementia and there are montbly get-togeth¢rs for adults with learning disabilities at All Friend5 Together. Our Eco Congregation team is a¢tiv¢, including r¢gulaT conununity litt¢r picks alld managiDg its allotm¢nt. iDvolYing young pa)ple from both the Duk¢ of Editknurgh's award scbem¢ and KYTHE. New monthly Social Walks welcome all ages. We feel particularly blessed in the range and support of our various youth ptogrdmme5- from epping Stonefv (babies and toddlers) through JuKioY (Ch (4-1 l yr-oldS), Cn)3Jflre (P7), Sunday @ 7 (lfv 305). Dungeons & Dragons (under 188) and J" Kinn)ss Boys'Brlgade ¢4 Glrls'ANsoeialion. Tbls year's annual Famity Week had over 2(KJ young people oll ils roll. &nd th¢ youth charity KYTHE, founded 10 years ago and still part-fullded by local ¢hur¢he& had a record year for attendees and activities. As part of our engagement with the community, we support local organisations and groups by birukg out our church and Chuwh C¢lltr¢. Among th¢s¢ is Kinross Centre, an independ¢nt chaTity supporting older p¢oplc in Kinross and out-lying ar¢as. The church also engages with the community by running a stall at th¢ Kinrow Fam)ets MdrkeL and our FairtTade Yoluntccrs continuc to k among the most active An the county. Further afield w¢ partner with the Great Church of Debrcccll in Hungary alld this has been th¢ channel through whi¢h th¢ CngregatIOn has continued to support a shelter home in Csongor. Ukraine. Achievements and Perfomanee AtteThdanre at Sunday worship ha5 bc¢n ¥ood Ihougb still low than p-covid levels, with a number continuillg to watch remotely. eith¢r liv¢ oron tch-llp. We are recognisingthat peopl¢ illctcasingly touching church life outwith Sundays, eg via our youth activities. Our quarterly Kin-nections magazine is an excellent means of communication. delivered to every member as well as to community hubs and also available Online. Our website, Facebook, Instagrdm and the weekly electronic news mailer are vllbIe means of sharing irLfonnation. The Pr¢sbyt¢ry of Perth Mission Plan for Parish Grouping is fvlly und¢r way and we aim to unite with the conyegation of Onvell & Portrnoak by the end of 2024. althou8h this will ultimately be subject to Yot¢s by th¢ Kirk Sessions, congregations and Pr¢sbytery. Th¢ changeg are si8nificant for all involved
and a Joint Vision Group is now meeting Monthly to progr¢5s th¢ many a$Pts and detsi15. Similarly, th¢ congffgations of Cl¢ish and Fossoway? already fornially linked. plan to uuifr in due course. A Steering Group rcpr¢s¢n¢xng all the Parisb Grouping ensures open ¢ommuni¢8tion. om the Presbyterian Church of the USA complctcd bis 12-month familiarisAtion iJ%E and remains with us temporarily ahead of COnencIng his own first charge. We ho had a SAX-month plac¢m¢nl as part of bis trdinin8 for full_time rninisty. Durin8 Éhe year special offerlngs were made to KiDross Centr4 ShelterBox. CrossRe2ch and the Salvation Army. as well as on Rcmembran¢e Sunday to Poppysc4)tland. ID total raising the sum of £8.17]. Ovr con8re8ation and community gave g¢n¢rously trj this year's Christian Aid appeal for Malawi farners, contnijuting £3,725 to that worthy caus¢. Wc an tlY¢ church hiit litilL Lould be achievc Iwd-working Minister ill assisted by with thousands of voluntecr houi'5 b! n1<v in our congrcgation. placemcnt in Ali welcomed by aii cxiicinLI ¥a ablL and Financial Revieiv Tbe Statement of Financial Activities (SOFA) on page 6 pmvides 2 top-level summary which is supplcmentcd by the notes on pag¢s 10 to 16 and the following ¢ottmiffltary on mattern of the largest impa¢t:_ Total incomc was £163.432 (2022: £155,553). G¢n¢ral Fulld off¢rAngs and related gift-aid tsx temain the larg¢st part thereof at £120,582 (2022: £122,951). followed by Church and Church Centre premisgs l¢ttings of £21.797 (2022: £21,704). Expenses are anatysed in Nol¢ 5. with the s2ngle l&rgesl ilem b¢illB the awss¢d wntribution of £74,080 to th¢ Ministries & mI10n work of the Church of Scotland (2022: £72.354). reprvienling 47°h of General Fund illcome (2022.. 47 % )- The net result is a decrew in funds of£5.330 (2022 de¢r¢as¢: £11,214) overthe year to £117266. Note 13 shows the movementg for each fund and th¢ opening atkd closing balance& Investment Pollcy and Performance The charity holds investments in the Church of Scotland Investots. Trn5t and the ¢harAty twstrs have rcvicwcd thc5e investments. It is the charity trustees, policy to invest in ¢thi¢al holdings with the objectives of long tem) ¢apiial growth and modcst annual income. Details are shown in note 9 to the aOuntS. Th¢ Gharity trustees believe that th¢ poanCe in 2023 has continu¢d to fvlfil those objrftiV¢S. Risk Management Tb¢ k¢y risks potentially facing the Church ar¢ (a) a fall in the number attendin8 wotship andlor othenvise actively involved. leading to a fall in illeome,. Ib) an unaffordable r¢pair to chh pmp¢rty' (¢) tb¢ d¢partUTe of th¢ n)inister; (d) th¢ risk of fmancial fraud. and (¢) difficulty in fillin8 key posts in the church's organisation. Mitiga¢ion of risks (a) to (c) is best a¢hiev¢d by maintsining a healthy range of acliviiies outlin¢d above and by continuing to providc a fulfilling and ¢njoyablc cnvironmcnt in which all can participate in the life of th¢ Chuwh. Th¢ Ti5k of financial fraud (d) was addressed in 2018 by introducing a proc¢&s of int¢ma] cheeks of the financi records. In addition to the active commilment of the Kid( Session. a Kirk Session Council. comprislng the convenors of all ¢ommitt¢es, the Minister, Session Clerk and Trelwrer meets every six weeks to consider all matters affectiDlI Ibe life of the Chur¢h, reportin8 Its business fully to the Kirk Session. Reserves Policy Tbe charity trnstees have considered the reserves required and have taken into account theircurrent alld future liabilities. 11 is the tsvst¢es' policy to bold untestricted reserves equivalent to 6-9 months.
expenditur¢. including designated llds. At the yearaend the church held unstrICted funds of £96,980 (2022: £100,953) equivalent to seven months, norn)al expenditure (2022: eight Tnonths). Structur4 Governance and Management The congregation ts a r¢gisternl charÉty. number SC012555 and is subject to the Acts and Regulations of the Gen¢ral Assembly of the Church of Scotlattd. Ithas operated under the Unitary Constitution since l January 2018. As r¢commend¢d by the Mission Plan of the Pr¢sbyw of Pert the four congregations of Cl¢ish. Fossoway Kinro&s, Orw¢ll &Portmoak fomied a ¢los¢rwoTking together und¢ra Parish Grouping frorn l January 2023. We at Knuoss plan to unitc into a single congregation wlth Orwell & Portmoak by 31 December 2024. TheKirk Session membersare theelders ofthe church and achOS¢ from those mernr5 of the chuTch who ale considered io have the appropriate gifts and skills. The minister, who is a member of the Kirk sessio is elected by the cotwegatton and inducted by Presbytery. Reference and Administrative Information PrineipAI Office: Chrity ttumber: Independent Examiner: Bankers: SCUI2.5.Si RBS, 52-i4 Eab'l Port, L)ullL¢iiiil¥. KY IL i RIB (All trnstees who served at any time duTing the year alld up to the date of tb¢ signing of the accounts) Trustees, Responsibilitles In Relation to the Financial Statements The charity trustec$ arc r¢spon$ible for prepating a trnstees, annual report and fllwi¢ial statem¢nts in accordan¢c with applicable law and United Kingdom Accounting Statmlards (Unitsl Kingdom Gen¢rnlly Accepted A¢countillg Pwti¢e). The law applicabl¢ to charities in scotla[ requir¢s th¢ ¢harity trustees to prq)ar¢ [all¢la1 statements for each ycar wbi¢h show a true and fair view of the sta* of affairs of the cllarity and of lh¢ incoming resources and applitiOn of r¢sources, of th¢ Gi11ty for that period. tn prq)ar&ng those financial statements, the rruslees are rquired ts): select suitable accounting policies and then apply them con5iStenily' observ¢ th¢ m¢thod and principles in the appli¢able Cbarities SORP; mak¢ judgments and ¢sÈimales IILat are r¢asonable and prndent;
state wkther appli¢abl¢ auntill8 standards and statetllcnts of r¢comm¢nded pwlice have been followed, subject to any drpartum disclosed and ¢Aplained in the fall¢ll1 statements" prq)are the financial gtatements on the gotng concern basis unless it is inappropriaic to presume that the charity wdl continue ill operational exist¢n¢& The trustees kTe responsible for keeping proper accountiD8 records wbich disclose with reasonabl¢ a¢mcy at any titne the financial position of the charity and to ettsble them to ensure that the financial statement5 comply with the Charities and Tntee InVtment (Scotland) Act 2005 and the Cbarities Awounts (Scotland) R¢gulations 21KI6 {as 2meuded). They are also responsibl¢ for safeguarding the seL8 of the charity and hence fortaking rea8onabl¢ steps for th¢ pr¢v¢ntiOtt and detection of fraud and other irregularities. Thc trustccs arc rc5poDsible for the maint¢nan¢e and intcgrity of the chaiity and financtal inforniation on the congregation's website. Legislation in the United Kingdom gov¢rnillg thc preparatioll alld di&q¢mination of fmancial statements may differ from legi51&ion in other jurfftsdtctions. loved bv the Triistees and 41yned on thcir bchalf, *h Februgry 2024
Kinross Parish Church of Scotland Independent Examiner's Report ts the Trustees of Kinross Parish Church of Seotland Year ended 31 December 2023 I report on the accounts of the clLarity for the year ended 31" December 2023 which are set out on paga8 6tol6. Respective responsi111tie$ of trustees And ex*miner The charity's tn]stees arc Ec5POll5iblc for the pr¢paration of the accounts in accordanc¢ with th¢ t¢rn of th¢ Charities and Trnste¢ Investment {Scotland) Act 2005 and thc Chariti¢s Accounts (Scotland) Regulations 2(M)6 {&s amended). The charity trusl¢¢s ¢onsider thai th¢ audit r¢quiretnetLt of Regulation l(Kl) (a) to {¢) of the Accounts Regulations does noi apply. 11 is my responsibility ¢xamine the accounts as requir under wtion 44{1) (c) of the Act and to stai¢ whether particular matters have come to my attention. Bgsis of indepelldent examiller'8 $tatemeDt My ¢xan)ination is ¢atTied out in ac¢ordance with Regulation I l of the Clwities Accounts (Scotland) R¢8ulations 21X)6 (as amended). An ¢xamination includes a review of the accouoting records kept by the charity and a Comparison ofthe accounts presented with th0 r¢¢ords. It a]so includes consideration of any unusual itctns or dis¢losur¢s in th¢ account5, and s¢eks ¢xplanatlOlLS from the trust¢es ¢on¢erning any such matter5. The prorcdures undertaken do not provide all the evidence that would b¢ Tequired in an audiL and consequently I do Dot express an audit opitkion on the view given by the accounts. Independent examlner's statement In the Course olmy examination, no matter has come to my attention . which 8ives me teasonable cause to b¢Jieve tIt in any material respect the r4uirements". to keep accounting records in accordance with Section 44(1) (o) of the 2(M)5 Act and Regulation 4 of th¢ 2006 Accounts RegulatioDS (as amcnd¢d}. [d to prepare accoutLts which a¢¢ord with the accounting rerdS and wmply with Regulation 8 of the 2006 A)Unts Re8ulatiorL8 (as amcndcd) have not been met. or 2. to which. in my opinion, attention should b¢ drnwn in order to enable a proper und¢tstanding of the acLOI)nfS to be reached. Pl¢ab¢ delete the words lll bra¢kets il"th¢y do noÈ apply. Ik words do oppty set out tIse matters which have c0C to your attention.
counting Poli¢ies Tbe principal a¢wunting policie& wbich have been applied consistcntly iti the curr¢nt and preceding y&ar in dealing with lltcn which considered matcrial to tbe accounts. are 5Ct out below. Basls of prep#r&tion The fmancial slaterthents have been prepared in accordallce with Accounling and R¢porting by Charities: Statement of Recommended Prdctice applicable to charities preparing their accounts in accordance with the Financial reporting Standards applicable in tEke UK and Republi¢ of Ireland (FRS102) issued on 16 July 2014 and theFinancial Reporting Standard applicable in the UK and Republic of Ireland (FRS102}, the Charities and Tntstc¢ Inv¢skncnt (Scotland) Act 2005 and the CharAti¢s A¢counts (Scotland) Rcgulations 2(M)6 (as amend¢d}. Fund llccountillg Funds are classifigj as eith r¢Strict endowm¢n¢ fimds 01 unrestticted fund4 defined as follows. Restricted fimds ore fuDds subject to specific requtrements as to tbeir use wbich may be declared by th¢ donor or wilh their authority or eated t]Ougb legal PTocesses. but still within the wider objects of the charity. Endowment funds are funds which have be¢n giv¢n on the condition that thc original Capital sum is not r¢thic¢4 bui th¢ income theT¢ from is used for th¢ purpose defmed itt accordance with the objects of the harity. UDr¢stri¢t¢d funds are expendable at the discrction of the trustees in furtb¢ranc¢ of the objects of the charity. If parts of thc unrcstricted fvnds ar¢ carnrked at the di5crction of th¢ trust¢es for a particular pur, they ar¢ designated as a separatr fund. This dcsignatiott has an administrative purposc only and (kjes noi legally restricÉ tbe trustees. discretion to apply ihe fvnd. Incomtng resources Income is recognis¢d when the charity has entitlementto the fvnd& and perforniance conditions atthched to the item(s) of in¢orne have been meL and il is probable that the income will be receivd and the amount can be measured r¢liably. Donated *rvice8 And fleilities Donat¢d professiooal seryices and donatcd facilili¢s are r¢cogniscd &8 income wh¢n the ¢lwity hA5 control ov¢r th¢ it¢m, any conditions aSslated with the item have bccn m¢( the receipt of economic benefit from the by tbe charity of the ilem is probable and Ibat ¢Yonomic bellefit (¥n b¢ m¢asur reliably. In accordance with thc chltieS SORP IFRS102) th¢ generdl voluntea time of Congregation m¢mb¢Tr is not retognised. On receip¢ donated professional s¢rvic¢s 8nd donated facilities are recognised on th¢ bLSiS of the v21ue of the gth to the charity which is the amouDt the CIlty would bave been willing to pay to obtain services or facilities of equivalent onOmi¢ b¢J)efit on the open market. a corresponding amount is then recognised as exp#ndithr¢ in the period of receipt. IDterttt Teeeivable lutcRst on lld$ held Oll d¢posit is includ¢d when rw¢ivable and the amount can be rneasur r¢liably by the charity: this is norni&lly upon notification of th¢ illtcrcst paid or payabk by the Bank. Fixed Assets The charity has the right to occupy and use for its charitablE objects ccrtaio tangible fixed asset& including the Church, halls and manse. vested ID the Church of Scotland General Trustees. No consideration is payabl¢ foT the use of these assets. Expendithre incurred on the repair and nthintenan¢¢ of these assets is ¢harg¢d as resources expended in the Statcment of Financial Activities in th¢ period in which the liability aTiS¢S.
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Kinros$ Parish Church of ScotlAnd Balance Sheet at 31 Deeenther 2023 (£) Umrntricted Rtttrieled EttdowmeDtfotsl Funds Fu•ds Funds Fwids 2023 2022 Note Fixed kn¢ts Tangible assets InvestrttAts 33,482 33.482 7.363 7,303 40.845 40,845 38.179 38,179 Tot#1 fAAed as8ets cllrrt Assets Debtors Cash at W atk1 l18tMI 6.401 63,880 70,281 6,401 76,803 83,204 5,062 87,172 92234 12,923 k2,923 Li4biliti Cr¢ditors faltig du¢ within one year Net Current Assets Ji 6,783 63,498 6,783 76,421 7,817 84,417 12,923 Net AJget8 12 9fj9811 12,923 7,363 117,266 122,596 The of tht thgrfty: Endowment fiu)ds Restricted Uorcstri¢lcd incom¢ llaS 13 7J63 12.923 96,980 6,820 14.823 100,953 Total chadty hods 117J66 122496 The A¢¢ounts were approved by the trnstees on S Febjuary 2024 and sied on their belwlf ty.
All tangible fLxed ass¢t5 cosling cx¢es$ of £5,000 havÈng a value the charity greater than one year. other than those a¢quir¢d for specific purposc& arc eapitalised. Dcpreciation is providoj on a ytraighÉ- line basi5 to write off the cost or initial valuc. Ic55 Tcsidual valuc. of tangiblc fixcd a55cts ovct thcir estInled useful lives: FAxture4 fitting and office equipment Motor vehicles 5 years 5 years IvtMeNts Fixed assel investments are stated at market value at the balance sheet date. Unrealised gaiDs and losses r¢pr¢sent the diff¢r¢n¢e b¢tw¢en the m&rket value at the begintiing and end of the ftnancial year or, if purcha8¢d in thc ycar. th¢ diff¢renc¢ b¢tween cost and market value at the end of the year. Reatised gains and105Ks repr¢5¢llt the diff¢r¢nce b¢twe¢ll th¢ pffK¢eds on disposal and th¢ market valu¢ at the start of the year or ¢081 if purclwsed in th¢ year. Taxation Kinross Parish Church of Scotland is recognised as a charity for the purp05e5 of applicable taxation legislation and is th¢Teforenot subject lo laxation on its ch1tble activities. The charity is not regtstered for VAT and r¢sourc&8 expended therefore include irrecoverable input VAT.
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