The Church of Scotland Buchanan Parish Church of Scotland Congregation Accounts For the Year Ended 31" Deeember 2023 Congregation No: 231396 Charity No: SC012927
Buchanan Parish Church of Scotland Reference and Administrative Information CharÉty Name.. Buchanan Parish Church of Scotland Charity Regisiration Number: SC012927 Congregation Reference No: 231396 Contact Address.. Trustees The trustees who served at any time during the year up to the date ot signing the accounts are as follows- Independ¢nt F.x#miner Dickson Middleion Chartered Accountants 20 Bamton Strcct Stirling FK8 INE Bankers The Royal Bank of Scotland plc Milngavie G62 6PB
Buchanan Parish Church of Scotland Trustees, Annual Report Year ended 31, December 2023 Structure, Governance and Management Governing Document 'rh¢ Church is administered in accordance with the tern]s of the Deed of Constitution (Unitary Forn]). Recruitment and Appointment of Trustees M¢mb¢rs of the Kirk Session are the charity trustees. The Kirk Session members are the elders from those members of the church who are considered to have the appropriate gifts and skills. The minister, who is a memb¢r of the Kirk Session, is elected by the congregation and inducted by Presbytery. Organisational Structure The Kirk Session is chaired by the minister and meets several times in a year. It is responsible for the day-to-day and spiritual affairs within the church. Objectives and Activities The Church of Scotland is Triniiartan in doctrine, Reformed in tradition and PreSberlan in polity. It exists to glorify God and to work for the advancement of Christ's Kingdom throughout the world. As a national Church. ir acknowledges a distinctive Call and duly to bring the ordinances of religion to the people in every parish of Scotland through a territorial ministry. It ¢o-op¢rates with other Churches in various ecum¢nical bodÈes in Scotland and beyond. Activities Service of Worship Sunday School BÈble Classes Youth & Other Community Activities CoEnmunity Activities Achievements and Performance Although smatl in numbers, all the a¢tivittes of the church are enthusiastically supported and are particularly valuabl¢ in providing a larg¢, bul wid¢ly spread community on the east sid¢ of Loch Lomond with leisure and other activities against a background of Christian values. Financial Review The results for 2023 show running costs are lower than the previous year with an increase in donations. This has resulted tn a surplus of £9:538 (2022.. deficit £17,049). Future Plans In 2024 the Church will close and unite with Drymen under the title Drymen and East Loch Lomond Church. The new united Church will link with Balfron and Fintry.
Buehanan Parish Church of Scotland Trustees, Annual Report (Continued) Year ended 31" December 2023 Reserves Policy The 'l'rustees have adopted, as a minimum. a reserves policy of nine montFLS expenditure which would currently be £13,995 however the charity currently holds unrestricted ¢ash funds of £148,535. This is kept at such a hkgh l¢v¢l in order to keep the Church and th¢ Manse maintained to the highest possible standard and helps in meeting the expenses of the Church and the ¢ongregation. The Church also held £16,582 in designated lldS 8lld £21,222 in restricted funds for the purFX)ses specified in Note 3. Statement of Trustees, Responsibilities The members of the Kirk Session must prepare accounts which give sufficient detsil to enable an appreciation of the transactions of the Church during ihe financial year. I'he members of the Kirk Session are responsible for keeping proper accounting records which, on request, must reflecl the financial posilion of the Church at that time. Thi5 must be done Èo ensure ihat the accounts comply with the Charities and Trust¢¢ ITkvestEn¢nt (Scotland) Act 2005, Ihe Charities Accoun1£ (Scotland) Regulaiions 2006 (as amended) and the Regulations 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 tske reasonable steps for th¢ prevention and/oT deieclion of fraud (tnd other iTregularities. Approved by the Tntee$ and signed on their behalf, Session Clerk Dat¢: 31 March 2024
Buchanan Parish Church of Scotland Independent Examin¢r'$ Report to Ihe Tru$l¢es of Buchanan Parish Chureb of Scotland I report on the accounts of the charity for the year ended 31 December 2023 which are set out onpages 5 to 11. Respective re8ponsibilitA¢s of trustees and examiner The charity's INstee5 are responsible for the preparation of the accounts in accordance with the tenns of the Charitics and Truslee Investment (Scotland} Act 2005 and the Charities Accounts (SCotI£d) Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10(I}(d) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state wheiher particular matters haTre come to my attention. Basis of independent examiner's Statement My examination is carried out in accordance Regulation I l of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept bv the charity and a comparison of the accounts presented wilh those records. It also includes consideration of any unus1 items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. 'I'he procedures undertaken do not provide ail the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by th¢ accounts. Independent examiner's ststement In thc course of my examination, no matt¢r has Come to my att¢nlion, which gives me reasonable cause to believe that in any material respect the r¢quir¢menls: to keep accounting records in accordance with Section 44{1) (a) of the 2005 Acl and Regulation 4 of th¢ 2006 Accoun15 Rcgulations: and to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounls Regulations hai'e not been met, or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts io be reached. DiLk"son IMiddlel(Trii Chartered AL¢ountants 20 Barnton Strcct Stirling FK8 INE Date.. 31 March 2024
Buchanan Parish Church of Scotland Reeeipts and payments aceount for the year ended 3151 December 2023 Unreslrieted Restrieted Funds Funds 2(123 2023 Total 2023 Total 2022 Note Recei Donations Generdl 15,451 15.451 13,436 Exceptional Bank & Deposit interest Investment income 4,994 4,994 817 Kental income Total Recei 7,753 7,753 28,198 ts 28.198 14253 ments Costs of generating funds Charitable activities Governance costs 239 17,220 1,440 18,660 17,220 1,440 18.660 29,683 1,380 31,302 Pydyments relating to red assets Total Pa ments 1&660 18,660 31 J02 Ex¢¢s$ of Receipts over Payment (Payments over R¢ceipts) for the y¢&r before transfers and other gains and losses 9,538 9,538 {17.(149) Transfers between Funds Exeess of Receipts over Paymentsl (Payments over Receipts) for the year 9.538 9.538 17,049 The notes on pages 7 to I I form part of these accounts.
Buchanan Parish Church of Scotland Statement of balances as at 31" December 2023 Unrestricted Restricted Funds Funds 2023 2023 Total 2023 Total 2022 Note Bank & De osit Balances Bank & deposit balance5 brought fotward 153,656 153,656 170,705 Movement in year: Excess of R¢c¢ipls over Payments for the year 9,538 9,538 (17,049) Bank & d¢posi¢ balances Ca]ed forward 163,194 Fix¢d Assets Property. Improvements Organ Equipment 15,537 5,685 15.537 5.685 6,480 6,201 21,222 21,222 22,681 Investments at Market Value (cost £ 1,828) 1,923 1,923 2,735 Total 165,117 21,222 186,339 179,072 Th¢ accounts w¢re approved by the Kirk Session and Financial Board otL 31 March 2024 For and on behalf of the Kirk Session and Financial Board Session Clerk I'reasurer The notes on pages 7 to I I form part olthese accounts.
Buchanan Parish Church of Scotland Notes to the accounts for the year ended 31$1 Deeember 2023 Accounting policies Basis of preparatRon The Accounts have been prepared in accordance with applicable accounting standards and under the historical cost convention, moditied to reflect the incluston of income and expenditure on a r¢c¢ipts and payments (i.e. cash) basis and investm¢nts al mark¢t valu¢, and in accordance with the Charilies and Trustee Investment (Scotland) Act 2005, Th¢ Charities Accounls (Scotland) Regulations 2006 (as amended) and the Regulations anent Congregational Finance approved by th¢ (ien¢ral Assembly of th¢ Church of Scotland in 2007. Funds Funds are classified as either Testricted funds or unrestricted funds, defined &s follows: RestYicledfund.s are funds subject to specific requirements as to their use which mas. be declared by the donor or with their authority or created through legal process¢s, but still within the wider objects of the Church. Unres¢ricfedfunds are expendable at the discretion of the trustees in furtherance of the objeLts of the Church. If parts of the unrestricted fund5 are eannarked at the discretion of the tnleeS for a particular purpose, they are designaled as a separate fund. I'his designation has an administrative purpose only and does not legally restrict the tru5tees' discretion to apply the nd. Incoming resour¢¢$ All donations and gifts are knclud¢d within r¢c¢ipts under either unrestricted or restricted fLmds according to the tenns under which the donation is made and when the amount can be quantified wÈth reasonable certainty. Donations and gifts in kind are brought into th¢ accounls at their market value to the Church. Investment income is accounted for upon receipt. Legacies are accounted for as receipts upon receipt. Resour¢¢s exp¢nded Expendtture is recognised on a cash basis as payment is made. Tangible fixed assets The Church has the right to o¢¢upy and us¢ for its charitable objects certain tangible fixed ass¢ts, including the Church and mans¢. vested in the Chureh of Scotland General Trust¢¢s. No consideration is payable for the use of these assets. Expenditure incurred on the repair and mainteThanL'e of these assets is charg¢d as resources expended in ihe receipts and payments account in the period in which the liability is paid. All tangible fixed assets costing in excess of £5,000 having a value to the Church greater than one year, other than those acquired for specific purposes, are capitalised. Depreciation is provided on a straight-line basis to WTite off th¢ cost or inilial value, less residual value, of tangible fixed ass¢ts over their ¢stimat¢d useful lives: Property Improvements Organ 30 years 25 years
Buchanan Parish Church of Scotland Notes to the accounts for the year ended 3181 December 2023 (continued) Accounting policies (continued) Inv¢$tments Fixed asset inv¢stments are stated at market value al the statemenl of balances date. Unrealised gains and losses represent the difference between the market value at ihe beginning and end of the financial year or, if purchased in the year, the difference between cost and market value at the end of th¢ year. Realised gains and losses represent the difference between the proceeds on dksposal and the market value at the start of ihe year or cost if purchased in the year. Taxatio Buchanan Parish Church of Scotland is recognised as a Church for the purposes of applicable taxation l¢gislation and is therefore not subject to taxation on its charitable activities. The Church is not registered for VAT and resources expended therefore include irrecoverable input VAT. 2. Trustee remuneration and Related Party Trydnsactions During the year three (2022: three) trustees received reimbursement of expenses incurred lotalling £288 (2022- £100). Furthermore the Minister received £nil (2022.. £453) in respect of Council Tax and £752 {2022.. £779) foi other manse related expenses. All Church of Scotland eongregations contribute to ihe National Stipend Fund which bears the costs of all ministers, stip¢nd8 and employer's contributions for national insurance, pension and housing and loan fund. Minist¢rs' stipends ar¢ paid in a¢¢ordanc¢ with the national stipend scal¢, which is related to years of service. The cost for 2023 was £30,135 (2022: £37,032). No other trustee received any remuneration in the year.
Buchanan Parish Church of Scotland Notes to th¢ ac¢ounl8 for the yer ¢nded 31$1 December 2023 {¢ontillued) 3. Movements in funds At3131 Dee. 2023 At i$t Jan. 2023 Receipts Payments Transfers DepclatiOn Revluation Unrestricted funds De5ignaled Fabric Fund General Fund 22,141 134,250 28,198 156J91 28,198 1,632 1,632 (812) 22,961 142,156 165,117 18,660 18,660 812 Restricted funds Sunday School Fund Manse Fund 16,480 6,201 22,681 (943) 516 1,459 15,537 5,685 21,222 Organ Fund Total fund5 179,072 28,198 18,660 812 186J39 oses of Desi nated Funds Fabrie Fund: The Trustees have set aside funds for the maintenance of the Church property. Pur 05es of Restricted Funds Sunday School Fund.. Funds were received during the year to be speciftcally used for the Sunday School. Manse Fund.. Funds were received in previous years to be specifically used for the refkt, refurbisl]ment and redecoralion of the Manse. Organ Fund.. Funds were received in previous years to be specifically used for the purchase of a new organ in the church. 4. Analysi5 of donations Unr¢$tri¢ted R¢strict¢d Funds Funds 2023 2023 Total 2023 Total 2022 WFO Scheme (non Gift Aid) Gift Aid Donations Tax Recovered on Gift Aid Donations Ordinary Offerings (Open Plate) Other Offerings, Donations etc 5,335 1,715 2,887 5,514 5,335 1.715 2,887 5,514 5,441 1,215 2,364 3,697 719 13,436 15,451 15,451
Buchanan Parish Church of Scotland Notes to the u¢¢ounts for th¢ year ¢Dded 315t December 2023 {coRtinued) 5. Analysis of paynJent$ UnrestrRcted Restricted Funds Fund$ 2023 2023 Total 2023 Total 2022 Costs of generating funds Offering ¢uN'elopcs BanklLegal Fees 123 116 239 Charitable actii'ities Ministries & Mission allocation Minister's expense5 Pulpit supply Other staffing Costs Donations Fabric repairs & maintenance Council Tax HeaÉ and light Insurance Printing, stationery & postage Other expenses Rounding 7,355 408 129 2.550 7,355 408 129 2,550 17.993 229 550 980 750 5,418 453 851 1,492 50 917 3,768 3,768 (569) 1,627 300 1,652 (569) 1,627 300 1,652 17.220 17,220 29,683 Governance c051s Tndependent examiner's fees 1,440 1,440 lJ80 6. Tangible Fixed Assets Property Improvements Orgin Total Net Book Value At 31 ' December 2023 At 31, December 2022 15,537 16,480 21,222 22,681 6,201 7. Estimate of year-cnd asscts 2023 2022 Gift Aid claim 2,257 2,067 8. Estimate of year-end liabilities 2023 2022 Independent examiner's fees 1,380 1.380 1,380 1,380 io
Buehanan Parish Church of Scotland APPENDIX FUNDS HELD ON BEHALF OF THF. COYGREGATION BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES 2023 2022 CAPITAL ACCOUNT Credit Balances held at 31, December at cosl 1,827 Market Value of Balances at 31, D¢¢ember 1,923 2,735 REVENUE ACCOUNT Credit Balance at 3 E" D¢c¢mb¢r 22,961 19,571