THE CHURCH OF SCOTLAND RUTHRIESTON WEST PARISH CHURCH TRUSTEES REPORT AND ACCOUNTS For the yeAr ended 31 December 2022 Congregation No: 311870 Charity No: SC013020
Ruthriejton West Church ScoilAnd Trnstees A Report Year ended 31 Dteembtr 2022 The Trusltts pr¢5ent their annual report and financial statements of the charity for th¢ year end¢d 31 DecemF 2022. The fmancial sthiement5 have been prepared in accordante with the accounting policies set out on page5 4 nd 5 orth¢ accounts and comply with the G¢nernl Assembly Regulations forCongre¥ational Finance, Accounting and Reporting by Chtsritlcs.. Siaiem¢nt of Recominended Praclicc applicabl¢ ¢0 chariiies preparing ihetr accounts in accordance with the Financial R¢porting Siwidards applicable in the UK and Republic of Ireland {F"RS102) issued in Ociob¢r 2019, the Chariti¢s and Trust¢c Inve5tm¢nt Act ISLUtlwid) Aci 2()5 and the Chariiies Accounts IS¢oiland) Regulations 21106 las am¢nded). ObJeetlv¢s And A¢¢lvlile8 The ChUh of Scotland is Triniiarian in docirine. Refonned in tradition and Presbyterian in polity. It exists lo glorify G¢)d and to work for th¢ advan¢111 tsfchT15t'5 Kin¥dom throughout the world. As & nalionAI Church. it acknowledges B distinctivc cull and duty to bring th¢ iydinanccs of religion io the people in every parLSh of Scotland through a ¢¢rritori&l ministry. 1¢ co-Otmt¢s wtth other Churches in various ecumenical b(Mlies in Scotland and beyond. The Prabytery Mlsjlon Plafj 2022 I'he sense of crisis within the chh of scot1 and ihe steps being taken in respoll5c continued tn d711}171 church dllair8 acm*$ Scotlond. For Ruthrieslon Wesl the year Started with a visit to its Kirk %cs5ion by Convenor of Pre8bylery's PIAnnÈng and Deployment Comrnittee. Irili)Illl&iliiiii iilKTrui the planning chdllcnge and iimelable imposed on Presbytery by i pr()vidcd IL OLJi¢ral AsbLILibly 2021 requir¢ineni lo prvduce & n¢w Pre5by(ery Mission Plart hy the end of 2022. So far as this related to Rulhrieslon West whul wa3 now pr()W5ed wus (hai lh¢ congregation forn? part of the Wesi Abcrdeen Area CJroup, the other conslituenl m¢mr5 being Ihe con¥r¢g¥41ivns of Crnigiebuckler. Cults, Kingswells, Mannofield and P¢ler¢ulter. So that the r4mificaiion5 of the revised Mission Plan could be considered li was thgrttd that. nolth8taIidltsg the Minister's ah%nce ()n medical leave, a Conure8alii)nal Conference take pl4ce shortly aft¢r E&sicr. Tiiis duly Iv(Fk pla¢e and was helpful in fncu%in8 the issues before the congregation and how be81 th¢ life of th¢ ccffl8rewi( could be Lot)iinued through union. The reviKd Mission Plan si8alled ihe conclusion of the congregation's involvement with the River5id¢ Area Group. We ihaftk¢d the cvngrcgations of South Holburn and Ferryhill for our involvement with them in the p1 and extend¢d otsr 8(K)d wishe5 for ihe futur¢. In this it ernphasised that the g(MKI relalionships esthblish¢d with the uth¢r Lun8regyliuns werc unaffeLtcd b) the dlierativns tsi lh¢ Mi55ion Plon. With thc Minister h#ppily returned io his work in ihc spring and following it5 confcreiibe the coii¥regaiion went abou( the husiness of establishing Bood relations with thc oth¢r West Ab¢fdcen A Cjroup congregaiivns and in p•rticular our near neighhnurs al Mannofield and Craigiebuckler. This included participation in joint 5cryices, Ihc rEfst joini mecting of the Kirk Sessi(Trns, conlributtng to meetings of the Area Group development cornmittee and the ¥hoirb cuinbining for a Chrisiian Aid fund raising concert al L Taigiebuckl¢r Church and a Carol Party Servite at Rvihriesluii Wesi Church ai Chri5tm&s. These activities were all 5ucce55ful and creaied a heighted 5¢nse of ihc polential lo be aLliiev¢d ihr(w¥h union. The Joint meeting of Sessions which took place on Sunday 28th August 2022 w&g con5tNctiv¢ and ¢imvivial, certainly laying sound foundations for lulure discuK)n$. The Presbytery Mission Plan w&8 unonimousty approved by Pr¢sb tery at its meeting on 24 Sepiember 2022. Thc irnpaci of the plan for Ruthrie5t¢)n West was as outlincd b additional very significant f¢ature. This was the requircmeni that Larliei in the year but with one no later than 31" Deeember 2023. R11 i¢sluiL West Church buildin¥ rlosed To date progressing the ¢r¢alion of the union for Kuthrieston Wtsl irnplicit in the revised Mission Plan ha5 been inhibited by un£ertainty relating to other rongregalions within the Are& Group. Firstly, Kingswells sought as their rirsi prefer¢nce exPlOre the possibility of a union with congregations in the Gordon Presbytery namely, Westhill
and Skene, 50rn¢thing onlvFKJssible afterthe(rl0n ofthe new ¢nlaTged Presbyw fwthe wholeof thenortheast of Scoiland in 2023. 8econdly foltowit)8 the decision of Re%. demit th¢ ¢hargc at Pcterculiry, that ci)n8r¢gation a150 wanted to eKplore ihe rM)ssibility of a union 14 iih other congregations. These deyelopments madc thc precise ideniificatton of union parniers wrthin the Area Group uncenain. What •nttges most likely is that a union IKtween thc Craigiebuckler, Manrmjfield ond Ruthrieston West congregations wrll pn)ceed in 2023 and thai this may, or may no4 includv Cults. Mallers will become clear once the SItionS of the Kingswells and Peterculter congrrgations are 5cttkd. As befor¢ Ruthrieston we fUS itself having to rtsw)tKI a5 be il C4TL to circumstances over which it has little if any direct influence. The 8reate conc¢m is the possibility of having io cluse our church buildings before the conclusion of satisfacrory union diScS1On$. To ameliorne this risK the Ruthri¢sion we Kirk Session has developed a defallliplan which li will bui onty if a union b&snoi previou5ty been creknlbefote the Imrd closure d. (hjr Kirk Session has faithfvlty andconni1(sIY considered ihepractical consequencesofthe requirement placed on it lo enable to th¢ c105ur¢ of the RuthrIeS West church building. Several concerns arise. Albeit the r¢vised Presbytery Plan marks a new FM)licy of ¢losinga groupofcunrni]y viable tongregaiions {includingour own) with the intention of Cr]ng, through union4 a smaller group of mor¢ 5usthinable congre8ations there 14 apparently. no Strdte8y for the disposal of thur<h buildings. Thc publtshul guidance is 20 years old and relatrs to the ad hoc disposal of individual church building following the prior forn)10 of new unions. Reflectingthis approac th¢ suggestion has len made that no steps for th¢ disposal of church tIdIngS can be m&Jc before uni(Trns com¢ into exisience. If this is the posinon, theTe is negligible realistic Proset of the Euilding tKing dIswd ofbefore losure. The reality of matters is that once c105e(L th¢ building wiu inevithty bec(¢ irKrniDgty dilttpidated. B¢yond that there 15 at heightened risk of vandalism a5 has Frtned in the ¢ase of (erChUrcheS in the City. Bem practice in such cir¢um5tances is that the tl]ding5 should b¢ 5ecuTed and tmmrthd up. The preference of the Genernl TteeS is understood to be buildings noi Ixwikd up bui churth members undertake at least weekly inspections of the building. Thi5 however can only be a Wial solution 2nd requtr¢s member5 to volunteer time and effort in an obviousty thankless t&%k when ther lime should Itter be dcvotrd its n¢w Mission work bein8 undertaken by the new union. M&tters are aggravat¢d by the rwutrtmeni of Church law that all adivity. including rev¢nu¢ generating letting of the hail& must cea5c as and when the church I]lding is no longer used for wtr5hip. In lIt10Th, insurdn¢¢ premium costs for building no longer used for purposes of wotship are merallY higher. The extent to which all thes¢ concerns were appreciated by thos¢ re5Fwible fow the fonnujaiion of the new Presbytery Mission Plan is unclear. is clear is that none of the concems are addressed in the plan. These thtrefore a m&ner5 for the congregation to k4ress &8 Isi it can. It is io hopcd that imtnediaie st¢ps can be thken to expedite the distMKal of the church EildIng and petIllg disposal. Ihe churth will ¢oniinu¢ to be used iniemJirteni]y for acts of worship with the use ofthe halls continuing to genernte revenu¢ unttl the building is sold. This will be possible onty if Preswery accepts the need for its Mission Plan to k review¢d. This is Swiethi lying within the control of the Ruthrieston West ¢on8regation. Aehievem¢nts Perfor•aee Against all thai frankly disconcerting background the heart and spirii of the congregation may have fcuidered Wtth a sense of pointlessne&s wevailing. It Is greatty io the cr¢dit of thc Minist¢r. the Stssion, Mernrs and all those asso¢iated with the Church. that the risk of a10&8 of hefft has bcen COUnteied by a wide range of aciiviiies and Rnitiaiivv. In Marrh we hosted th¢ very successful and aTveciated rn service of the World Ihy of Prnyer. The of the prepttrntory for work was underthken by of our eid¢r5 With ckne sukwt from other offite bearers.
The Strength and capabtlity of the Kirk Session was markedly enha mid-year by the indtIOn and ordination of three new ruling elders. All three had previ(rttsly made very significant contritrJtions to the life of the congregation and their OrdinlOn w&8 a gre IxMJn for Ix)th Ruthrieston We51 and th¢ wider Church cornmunity. This year Saw the well-earned reiirement of our Orbit Editor and transrM)rt cwrdinator who exemplifies the essence of servic¢ wiihin our congregation. Never drawing attention to herself She or ¢reaiing any fuss she w8s entirely effective calling others to wivide help to othus in a manner which rewardillg both for those providing help and those benefJttiH8 frrfft the help. Forthis a very signÈficani debt of grdlitude is owed. L(x)king to the future. Session appointol a steering group (reportÈng lo Session) ts> lead union discussions whe these get underway. It fts intended that the Meering gwup will alw. when nrfessary, addr¢5s and implement the various Practical issues arising frIKn the closure of the church iwildings. But for impending union. it would have been desirable to ¢(stIlUte refreshed committees with resFKJnsibility for the day-liaY oversight of the care and rnaintenan¢e of ¢huTch buildings. %t¢wardship and financial matters. mtssion and Outreach. worship and educatio and pasioral care. The expeLtstion 15 that in due course these matters will b¢come the responsibility of the kirk session of the new congregaiion fomied by union. In the meantimc. by default, the current resTMsibility for these activiiies. rests wtth our group of dedicated office bearetx. Panicular thths ar¢ due io the property convcnor. the trelwru. the free will offertng treasurer. the Session Clerk, the tea tearn coordinator, the AV team suppMing worship. the transport cordInator, the duty mta co-ordinator. not forg¢ttin& of course. the Minister all of whom have undertakert coosideTrble amounts of work on behalf ofthe ongr¢gation. None of this is to Sugge that the Congregati h&5 mttely been mating time pending a union. Most of the activities curtailed during the pandemic have resumed in one forni or another. The resumption of acttVilie5 has served to reinforce how Yaluable they are, a gwd example being the pmvision of teas and coffees after Sunday service. The congregation benefits grty from the opwrnity for fellowship this provRde5. The capability within the congregation io undertake worship when th¢ Manister is on Icaye h&$ contÉnually enhanced with the congregation responding tM)5itively to the variety of the servic¢s. Those involved in leading worship are themselve5 rewarded by the eX5enCe. A wannly appreciated Christmas Service was conductrd for the staff and residents at Ruthricston House. Alert lo the possibility that various Chrisiian fesiiv41s may be being cel¢bMed for the la time our buildrn& the congregation commttted to marking these festivals in style. The church was UllfullY decorated for Harvest Thanksgiving and. together with the large hafi. for Advent and Christmas. The congregaiion has prDvided direci support to the Inchgarth Foodbank with donations of f(MKI Sbjffs and financial support garnered al Harvest Thanksgiving and the tremendou51y suc£essful (kgan Extrdvagallz A particular feature of our Sunday worship that should not go unrnartcd is the regular presence of and contribution5 by our Sunday Club for church famÈlies. li is gre*ty to the credit ofthe dedicated Club leaders and th¢ Minister that the numb¢r of youngsters attending the Club incre in 2022. Tlte rtllre Whatever the future holds for the congregation there is no doubt that this will a very significant chapter in ats history. Whether or not this is related to impthding closure of the church building there is a palpable d. for many. increasing appreciation of fellowship within the c(mgr¢gation, le&Jing to art ever-ekw relationship with God and those we seek to serve. How Blessed we are. Paul's second letter to the Corinthians is one that is thoughi to have been written during a distressing tim¢. As such it May have singular relevance for us. Before the Grdce closing his letter. Paul wrote "Allihoi remtti. my deorfamify. is ihit." celebraie, evtyhing in order, sIrenen one apwher, think in ihe ame wry. be Peace." d1he Godoflove 0peaCe wdl be wiihyou" God Bless all as we endeavour lo put evoything in order.
FlnaDelal Review The year under review saw a gradual return to norniality after years th41 were dominated by the pandemi¢. For most of the year contribuitons from members of the congregattoD bore good coinparison to previou$ years but there app¢ared 10 be a small reduciion towards the end of the year. Similarly. tax recoveries ihrough ihe Cyift Aid Scheme held up unlil the last return for the year. The use of the hall8 genernlly made a usetul ¢ontribuiion in line wilh the budget, though at lower levels than we enjoyed pr¢-pandemic. In lotal. regular sources ol. tncome fell short of budget by £3.167, but there was a one-off addition of £4,253 r¢sultin8 frorn the closure of the publie8tions bank account. All items of expenditure compared closely io budget though individual Small increases combined io make an overspend of £2.664. Therefore, before iaking into acc(iuni gains and losses on inve$tmenrs, the General Fund incurred tt deficit of £20,349. slightly more ihan the budget of £18,766. F.xpendilure charged lu ihe Fabric Fund totalled £6,638 in the year. the Inain item betng the r¢placement of the gas fire in the loun&ye of th¢ manse. Ihis lund inLurr¢d a deficit of £5.798 hefore taking into account losses from investments. The naiur¢ of the church buildin85 and th¢ manse means that we are always suscepliblo lo costly repairs with resulting deficit5 for ihe fund and the ne¢d for recourse to ¢ncashm¢ni of inv¢s¢menis. The reserves of the Church at the end of the year iotalled £646.237, a reduction of £57.513 from th¢ previous year's Ioial of £703,750. Of this tolal. £508,785 is represented by (he holding v4lue of th¢ manse. Liquid re50urce$, inwestrnenis (£141,847) and bank balances1£16,720) ioiAll¢d £1 58,567. During the y¢ar Iwo further inslalmeni repaym¢nls of the loan from the Church of Scotland General Trn5tees were made and ihe balance otst5tanding al the year.end SiL)od al £23.741. Iii keeping with investsnenis gener#lly, the urtit values of our invesimenis fell during the year and some losses were incU¢d from the sales thai were required io fund the deficits on the Gen¢rnl and Fabric Funds together with the loan repayrnenis. As is mentioned in more delail e15¢where in this report, our future as independent tongregaiion h85. under the Prc5byiery of AberiJ¢en and Shetland Plan, been prescribed and our buildings are to be closed by 3 1° December 2023. For ihe y¢ar 2023 we will continue to 0rale independ¢ntly bui wiihin th¢ Wesi Aberdeen Grouping while working towards & union. Inveslment Policy and PerformAn£e The Church's investment policy is io obtain a good rate of return wiihoui exposing its funds to undue risk. Accordingly, the reserves of the Gerjeral and Fabric Funds are invest¢d substsnlially with the Church of Scotland Investor5 Trust it5 Income Fund. The Income Fllnd incurred a negative return of12.2 Q/D for the year. This fund 15 invested in pr¢domin8nily red inieregt securities and operdled on a ¢Jnttised basis. The unit price of the Income Fund at 31 December 2022 fell by 15Dh over the year. Compared with the Financial Times All Share Index which fell by 30/•. Rlsk M*n#g¢rnent
The Church has in place a structure of ol¢ers and c4)mmittees which deal with the various aspects ofthe Chur¢h's operdt10115 and admtnistrdlion. These committees have procedure5 to identify risks which may arise from time to lime and the rneans io couTrlern¢t these, so that any impact on ihe Church's operdtions is mitigated. In Parficular, a Close w4tch is kepl on the lev¢] of inrorN¢ that is needed to meet the annual costs and the support of the congregation gives greai en¢ourag¢mcnt. Costs ar¢ kept und¢r control but inevitably will be liable to rise in line with inflation. Res¢rveJ Pollcy For the limiled life in prospect for the wngregation. th¢rc are sufficient re8erves lo ensure it can meet its blig4tions to its local work and thc e0t¢r work of ilic Church of Scotland until and Yortd the prospectiv¢ union wilh otlier congregations. If these circumstances We to chang¥, these reserves would be enough only to coniinue inderrndenily for a relatively few years. Ai th¢ end of 2022 the Chureh had unrestricted funds of £587,341, of which £509,149 wa5 dcsignal for the Fabric ttnd £12.933 for the E)¢velopment Fund. In addition, the Resiricted Pabrie fund h¢ld a balance uf £58,806. Structure Governan¢e M•n4gem¢nt Governin In (ktobei 2019 th¢ Lhurch adopt¢d the Uiiitary Constiiuiion as framed by the Church of Seoiland. Under th¢ Unitary con51ituiion fjll the affairs of the Church, boih spiritual and i¢mporo1. areadministered by the Kirk Session and Iherefore the Deacons, Court becne redundani anil dis501ved. The service of the Ikbeons was alway5 regarded very importan¢, and they cunlinuc to take full pan rn the wvrk of th¢ Church through the Lommittee sinjclure. They are encourAged io attend and cotrtJibu* to mec(ing5 of the Kirk k53ion though noi beiiig eniiiled to Vol¢ at these meetings. Members of the Kirk Se&8ion are th¢ charity truylees. The Kirk Session mernbers are the elders of the church e chosen from those members of thc ¥hU17 wli(I dr¢ Lonsidered to have the appropriate gifts and skills. Newly apFxyinted trustees are advised by the Kirk Session of their legal dulles and resrKJnsibililies where IIKe&sary trdining is pn)vided. Follnwin8 the adoption of the Unitary con81ilulion, all aifwrs vf ihe Church are the resFM)0sibilrty of the Kirk S¢ssion. 'llhe Kirk Session is chaired by the Mirtijter and there ar¢ four main meeting5 a year. Reftreoce #nd Admlnlslrnilve lnrorrnitin Trusttej Tlie ITuslees who served during the year and up to th¢ date of signin8 the accounts were..
PrinelpAI oifietrbeMr¢rs Minisr. Session Clerk Church Tre&5urer: Prlnclpal Olllct Broomhill Road Aberdeen AB107LN Ch•rlty number: IDdeptDdttht xmintr Grnham Bonds FCA cfA Buchanan Bonds Ltd Chartered Accountsnt5 and Chartered Ta¥ Advisers 39 Brdeh¢ad Lres¢¢nt Stonehav¢n AB39 2PP Bnk¢rJ "rsB Banl Gr Western R{1. Aberd¢¢n Trust¢¢s' Re8poMiblllll¢s IA lo Ib¢ Fili11 St•teme•ts The charity NSt¢es are rexrwsible for prepull a tree$. annual And fmancial 5Wements in accordanL% with 4pplicabl¢ law and unl Kin8th)m AccnI18 Signdwib (United Kingdom Generally A¢¢epled Ac¢ounlin8 Pr11¢¢). Ihe M151ees are rtsponsible for keeping ac¢ounting recorth VJhi¢h dixlose with rca5cab1¢ acawacy at any lim¢ the financial ws11 of the charity *MI to ¢n4ble thffli ensu that the financial slaicments comply with the Charliies and Tnet Investtnent ISc(Aland} Aci 25 and the Charities A¢¢ounts (Sc18nd) Re8ulation5 2000 {as amended). They ar¢ also Insible for safeguardtng the assets of the eharity and hence for tskin8 r¢ax>nable steps for thc pventIOn and (kteclion of frdud and other irregularities. lThe tnJste¢s are responsible for the rnainienerv and integrity of the charity and finan¢ial inf0mtiOn on the congregaiion's website. l£gisl&lion in the United Kin8thm governing the pr¢paNion and diwmination of rinancial 51Alements rnay diff¢r from legislwion iti other juti5dictThi. their Fxhalf.
RtrrHRIESTON WEST CHURCH OF SCOTLAND ABERDEEN CONGREGATIONAL ACCOUNTS for the year ended 31 December 2022 Collgregation No: 311870 Charity No: SC013020
THE CHURCH OF SCOTLAND RUTHRIESTOIY WEST CHURCH tNDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CHURCH OF SCOTLAND RUTHRIESTON WEST CHURCH I report on the accounts of the chaTity for th¢ y¢8r ended 31 December 2022 which are sel out on pages 110 14 Rupedive re8poDsibill¢ies of trnstees and examiner The charity's trustees are responsible for the preparation of the accounts in accordance with the tetms of the Charities and Tnistee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity trnstees Consider that the audit requirement of Regulation l 011) (a) to (c) of th¢ Accounts Regulations does not apply. It is my responsibility to examine the accounts as quired under s¢¢tion 44(1) (c) of the Act and to state whether particular matt¢rs have come to my attention. B#Ji# of iDdependellt examiner's Jtsitemenl My examination is carried out in ac¢ordan¢¢ with Rcgulalion I l of the 2006 Accounts Regulations. An examination includ¢s 4 revicw of Ihc accounting records kept b). the charity and a comparison of th¢ accounts prts¢nted with thos¢ records. It also includes consideration of any unusual items or dis¢losures in the accoun and seeks explanations from the tNst¢¢s ¢on¢¢rning any such matters. The procedures undertaken do not provtde all th¢ evidence thai would requiraf in an audiL and conscquently I do not expre55 audit opiiiion on the view giveii by the a¢counts. Independent examiner's Sta¢ement In the course of my examination. no matter has come to my attention: which giv&s me reasonable cause to believe that in any rnaterial respect the requirefftentS'. to keep accounting records in accordance with Section 44(1) (a) of th¢ 2005 A¢1 and Regulation 4 of th¢ 2006 Accounts Regulations. and to prepare accounts which ord with the accounting rordS and comply with Regulation 8 of the 21)06 Accounts Regulations. have not b¢¢n met: or to which. in my opinion, attention should be drawm in ord¢r to enable a proper understanding of the accounts to be reached. .Z-aZS
Ruthritslon W¢st Church Sttemettt of Finntil Aetivities Yur ended 31 December 2022 Note Unr¢s¢rictd Re5trlcted Fwnds Fyod$ 2022 2022 Totsl Total 2022 2021 Ineome and ettdowmethts from: Donation5 and legdcies Charitabl¢ Jdivitics Other trdding aciivities Investment income Other gain5 and105se3 Tot&1 Inconhe 56686 59676 228 6053 6535 52348 810 3785 5757 6053 1931 67571 4921 72492 62700 Expe4di¢yre on: Charitable activities Totgl Expenditure 98184 98184 1905 1905 I089 l(X)089 87946 87946 Net expendlture before 811Tr9 8Dd lojses on IveStMeIl -30613 3016 -27597 -25246 Net gilnj (losw) on Investm¢ffjts Ntl expendlture (Income) -21209 -51822 -8707 -5691 -29916 -57513 -3110 -28356 Transfers between Net rnovement ID tsnds .51822 -5691 -57513 .28356 Reconclll•tlon offunds: Total funds broughi forward 639253 64497 703750 732106 Toll Fundj cirried forward 587431 58806 646237 703750 All amounts derive from continuing a¢¢iviti¢s.
Rutbri¥¢•D Wut At JI Deeethb¢r 2•22 TolAI Fu•ds 2022 Prltyr Yur 2021 FIDds 21122 2022 Nol¢ Fixed Agletl Tan8Lblc Fixcd A&qets Invesitnrn¢S Total Flxed Assets 508785 93957 (2742 4577 478(A) 52467 513362 141847 6552U9 514277 209727 724004 C¥TTent •M¢ts Dcbt(xs Bank aco)llnts and cash depxbits Tot1 Curre#l Asgets io 3236 3236 16720 19956 3597 18020 21617 7259 7259 12697 Llbilitits C're{lir8 f•llith8 duc within one year IW75 920 20895 18130 Net C¥rreDI {Ll•bllltknyAsts .7278 6J39 -939 3487 To¢al Ajsets lesj Current Ll•blll¢les 595464 588C 654270 727491 Llabllltl ('.rcdilors fallin8 due in mthr thatt one y¢•r Total Net Al$ 12 8033 587431 8033 64fi237 23741 70375D 58806 The of ihe ehrlry: Restrkied Fun Urtstrkted IDe•ow fund• 15 15 58806 588( 587431 646237 64497 639253 703750 587431 587431 511806 The Ae¢oynts ¢Te approvtd by th¢ 19th FtbruAry 2023 •d sts•ed o thdr behalf by: P J Sh#rp Session Clerk M A C Wbteler CoTr8fcBatioThal Trwwer
Rln¢t0 W¢st Ch4reh StteMent ofcgh Fknws Year ended 31 Dec¢mb¢r 2022 Totsl Funds 2022 Tot1 Funds 2021 Note Net ch ed in opertloths 16 .29611 -29441 C•sh flowi from investln¥ Aetivities: Inierest and divideTrd5 Procttds from sale of investmenls Payments ¢0 acquire investments N¢t eash provided by iavesling a¢ilvltl¢s 6535 5757 13055 -36989 18177 44499 Cash nowj from finaTreln% etivitieJ: Repayment ol loan Irom Gen¢Tal Tr%1$ Loan interest paid -15247 -941 .16188 -14800 1391 16191 Ch•n¥e ID f•$b Ind e#sh equivlents in the yar -1300 -63809 Ch and cash equivalents brought fonvard 18020 81829 Cash nd c$h e4¥lvl¢ttts trrled forw*rd 16720 18020
Ruthrleston West Church Aeeounting Policies For the yewr eDded 31 D¢c¢mb¢r 2022 The principal accounting policies Nthich have bttn applied consistently in the CUTreni and preceding year in d¢aling with items which are considered material kn the accounts are set oui below. Bwls of pr¢paratk•n 'The financial .statements have been prepared in accordance with Awoynting orn1 ReFM)rting by Chariiies: stsment of R¢comm¢nded Prdciice applicable to ¢hariiies preparing their accounts in accordance with the Financial Reporting Standar(ts applicable in the UK and Republic of Ireland IFRS 1021 issued October 2019 and the Financial Reporting Sthndard applicable in the UK and Republic of Ireland IFRS 102). the Chariiies and Truutt Investment (Scotland) Act 21J)5 and the Charities Accounts {Scotland) Regulations 2006 (as w¢d). The charity constitutes a public benefit enlTty as defined by FRS 102. Ftsnds Fund5 are c&SifIed cither re5triried funds or utvestri¢ied fimds, defined as follows. Restricted fvnd5 Jrt fvnds subj¢¢i to sp¢¢ific requirements &$ to their ¥J5e which May be d¢clar¢d by the donor or with their auihority or created through le8al processes. siill within th¢ wider objecis of ihe Chariiy. End07n¢nI funds are funds which have be¢M 8iven on the condiiion that the original ¢4pitsI sum is not reduced. bui th¢ incom¢ there frorn is Us¢d for th¢ pu defined in accordance with the objects of the charity. Unrestricied funds are expendable at the discretion of the trustees in furtherantt of the objects of the charity. If parts of the unres¢ricied funds are eam)arked ai the discretion of ih¢ trustees for a particular pul)St. Ihey are desi¥naied as a Separate fund. This de5i8nation has an fAlministralive pwpose only and does noi legally restrict the Irustee5' discreiion io apply the fund. Ineomlng resourees All donations. gifts and legacies are included wthin incoming resources when the Church has entitlement to the funds recorded under either unresiricied or restricted funds according to the tern)s under which the donation is made 4nd wh¢n th¢ gmount bc quantified wilh reasonable cenainry. Resources expend R¢sou¢S expended, which include irrecover8ble VAT. are r¢¢wis¢d in th¢ period in which they are incurred and allocat accordin8ly b&%cd 4)propiiate means. Inter¢sl receiv•bl¢ Interest on fund5 held on deposit is included when receivable and ihe amounf can be Mred reliably by the charity. this 15 normally upTrn notification of the interesi paid or payabl¢ by the bank. TixatSon Ruthriesion West Church is recogni5ed as a chwrity for the purposes of applicable taxation legislation and 1$ thcrefore not subjett to tsxation on its charithble aciivities. The charity is not regisiered for VAT and re50uree5 txpendcd therefore include irrecoverable input VAT.
Donated serviee5 nd facilities Donated professional s¢rvi¢es and doned faciliiies are recognised &% In¢th when the chan.ty h&s control ov¢r the item. any ¢ondilion5 associated with the doned itrm have l*en meL the receipt of ecOn(niC benefit from the use by the charity of the item 15 probable and the economic benefii can measured reliably. In accordan¢e with the Chariiies SORP IFRS 1021 the general volunittr (ime of congrewion members is not recognised. On r¢ceipL donaied professional s¢rvices and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have Ien willing to pay to obtsin %rvices or faciliiies of equivalenl economic ben¢fii on th¢ open market. a correstx)nding amouni is th¢n recognised as expenditure in the period of receipt. Tangible fixed #Mets All Eangible fix¢d 15sets. which are carried * CO having a value to the chartry greater one yw and whose cosi exceeds £2000, other than thosc acquired for speciftc purpos are capitalised. Depreciation is provided on a straighi-line b&sis lo wrTle off the cost or iniiial value. less residual value, of tsngible fLxed assets over their estimad useful live5.' Equipment Furnitwe and Fill118$: betsveen 5 and 10 years The trustees pre of the opinion the residual value of the marnse is not materially different from the carrying mount and therefore no d¢pre¢iation is provided on that InvestrneDts Fixed asset investsnents are stated at market value at the bala[e 5h¢d date. Unrealised gains and losses represent the difference Ncen the market value at the beginning and end of the financial year or. if purch in the year. the difference between the cost and markei vaIue at the end of the year. Realised gains and l¢)5ses represent the diff¢rence between the pro¢eeds on distmisal and the market value at the stsrt of the year or cost if purchas¢d in th¢ year. FiD&ncial lustruments The charity onty has fmancial &55ets and fmancial liabilities of a qualify &5 basic f1¢181 instruments. B&%ie financial instritments are initially re¢ognised at transaciion value 8nd subsequenily mwured at their settlement value with the excewion of loans which are subsequently measured at amorti5ed cosl using the effective interest method.
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Notes forming prt of the finn¢l#l sttem¢•ts For the year eDd¢d 31 Detember 2022 Staff wsts nd numbe 2022 2021 Sal8rie5 wages 5670 3640 The averag¢ number of employees durin8 th¢ ycar. calcUlad ort the basis ora head count. wls follows.. 2022 Number 2021 Number Premises security No employtt had employtt benefits in excess of £50.(MIO (2021 nil) All Church of Scotland ccffigregations contribuie to the National Siipend Fund wht¢h bears Ihe costs ofall mini51crs' siipends and employels contribuiions for nation41 insurance. pension arKI housing and 104n fund. Minister5, 5tipeThts are paid in accordance with the national stipend scal¢. which is relaied to years of service. For the year undtt review the minimum siipend was £28,700 and the ]MUM siipend (in filTrh and subsequcnl years) £35.269. Trustte R¢wun¢ritlott nd Related Prty Tr4AsaellMs No tsvste¢ received or waived any remwmtion or reimburx¢rn¢nt of expenses during the year. Durin8 th¢ year 4 T¢£$ rKeived reimbur5¢ment of church r¢l¥ied expenses incurred lolalling £948. The Church paid £3.549 for coun¢tl lax for the rn$¢. No tru51e¢ or a per50n related to a thLS¢¢e had any person41 interest in any ¢ontract c ¢ransacit(M) enlered into by the Charity during the year. During the year a wl of £24.589 was donated to the congregation by ttustees.
Notes formithg prt Dfthe rtTrancil sttttnts For the yur t•d¢d 31 Def¢wber 2022 8 Tamgible Fixed Ass¢ts EquipJDe•t Totsl Cost At l January 2022 and 31 December 2022 508785 13058 521843 Ateumul•ted Lkpr¢citio• I 11Irent At l January ?02? Charge for year At 31 December 2022 7566 915 8481 7566 915 8481 Net Book V8ly¢ 31 December 2022 508785 4577 513362 Net Book Value 31 Dttemb¢r 2021 508785 5492 514277 BuildiD15 Equipmeot To¢41 Cost At l January 2021 Athlitions At 31 Decemtrtr 2021 508785 13058 521843 508785 13058 521843 Aceumulated Depr¢citiOD I Impirmellt At l January ?021 Charg¢ for year At 31 December 2021 6651 91J 7566 6651 915 7566 Net Book v41¢ 31 December 2021 508785 5492 514277 Net Book Value 31 D¢¢ember 2020 508785 6407 515192 The Manse (residential prom) has noi depreciated in acrd&e with the thariry SORP and FRS102. Given th¢ nanwe of the asset and the Church'5 requirement to mainlain the property to a high standard the TrUSe$ are of th¢ opinion its estimated residual value is high and not maierialty different to the canying amouni. Its useful eronomic life exceeds 50 years and any depreciaiion charge would be immaterial. The wst of the land and buildings has not been split &5 required by FRS102 and the SORP on the grounds that it Is impractical to do so without IncUing undue c05t and effort. The chariry has the right to occupy and us¢ foi its charitable objects cenain tsngtble fixed &wts. including the Church and hall. vested in the Church of Scoiiand General Tnjsiees. No consideration is payable for the use of these assets. Expendilure incurred on the rqjair and maintenance of th¢se assets is charged &8 resources expended in the StsLe¥neni of Finan¢ial Activities in the peri¢)d in which th¢ liability arises. Tangible a55ets iOtall¢d £513 J62 (2021 £514277) of which £508.78512021 £508,785) w&8 unrestri¢ted and £4,577 (2021 £5492) w&s restric*d.
Notes forming part olthe fiMtseil stateents For the y¢Ar ¢ndeé 31 Dttebtr 2(122 9 Investments 2022 2021 Market value at 31 tkcember 2021 AdditRons at cost Dispo1$ at matet value UnreI$¢d {loss} gain on invesiments Marf(et value at 31 December 2022 209727 188903 36989 -13523 -2642 209727 42432 -25448 141847 Investtnents at cost 107660 135858 The following investments are held: M¥rk¢t value 2022 Mrket value 2021 I,(M)O units (1.1] units). Church of stland Investors Tn Growth Fund 12.921 units {16.321 unitsl, Church of Scoiland Invesiors TnLSt Income Fund 54(K> 6040 136446 141846 203687 209727 The 4)portionment of investsnents for 2022 aThJ 2021 between r¢5tri¢ted and unstricied fid$ are as dethiled in Ne 13. 10 Ikbtors 2022 2021 Gtft Aid thx refijnd due Other 1785 1451 3236 20?6 1571 3597 All debtors related to Unrestrict funds ix)th in 2021 and 2020. I I Creditoys lalling due wilhin on¢ year 2022 2021 Accruals Loan interesi Loan insthlment 5007 180 15708 20895 2588 295 15247 18130 The church undertook a loan of £75,175 from the General TnL5t¢es on 31st DecembeT 2018. The loan is unsecured and is repayabl¢ in quarlerly insthbnents over 5 yeats with the Èntetesi rttr of 3Y.. Creditors totalled £20,895 (2021 £18.1301 of which £19.97512021 £18.130) w&8 unrestricted and £920 (2021 nil) w&s re5tricied. AO
Notes form1¢ part of th¢ finameiil sttememts For the YUT eMd¢d 31 December 20ll 12 Creditors f•lliTrg due more thaD one year 2022 2021 8033 23741 This amount T¢lates to the loan rethJ in note I l aknve and the amr¥j repayable in more than one year. 13 Analysis of Net Assets Between Funds Gth¢rnl Designated ReytTiCt Totsl Fixed asseis Investtnents Bank Balances Current Assets Current Liabilities Long iemi liabilities Net Assets at 31 December 2022 508785 24932 19530 4577 47890 7259 513362 141847 16720 3236 -20895 -8033 646237 69025 -10069 3236 -2885 -17090 -8033 528124 -920 59307 58806 Fixed &ssets Investments Bank Balances Current Assets Current Liabiliire5 Long terni liabilities Net Assets t 31 December 2021 508785 56921 20231 5492 56594 2411 514277 209727 18020 3597 -18130 -23741 703750 96212 4622 3597 -2588 -15542 -23741 546654 92599 64497 Bank balan¢¢5 and c&th deryisits were as follows= £16,720 (2021.. £18.020) of which £9.461 (2021.. £ 15,609) w&% unrestricted and £725912021: £?.411) was restrided. 14 volte¢r$ In oommon with all congregatt'ons of the Church of Scotland the congregation benefits from the contribuiion made by volunteers who give their tim¢ and talents willingly for the ttnefit of the Church. The areas of congregatiOTd lifr wthtch rely on the contribution of volwiieers are many and varied and much of the adivity would be unable to wntinue were ti Mi for commitmeni show).
Notes foming part of th¢ finxn¢ial JtAt¢m¢Dts For the year ended JI Ikeewber 2022 15 Movement its Futtds Exptndilure At31 Dttember 2022 Jry 2022 Restricted Funds Fabric Fund Organ Extravaganza Retirnl collectio Total Restricted Fwllds 64497 3931 920 70 4921 9622 920 70 10612 58806 (A497 58806 Unrestricted Futtds De5l8Tiated Fabric Fund Designwed Developmeni Fund Designated Organisations 523213 12755 10686 546654 1781 228 2972 4981 15845 509149 12983 5992 528124 23511 Generdl Fund Total Vnrestrie¢td F4Thds 62590 67571 95882 119393 59307 587431 639253 Total Funds 703750 72492 130005 646237 Atl JaDIIry 2021 Expenditure At31 December 2021 Restricted FndS Fabric Fund Retrral collections Tot41 Restricted Funds 65588 64497 205 265 205 1356 65588 64497 Unrestricttd Fund5 De5ignaied Fabric Fund DesIgned Development Fund Designat¢d Org¥nisations 530787 12695 1952 9526 523213 12755 10686 546654 1353 3365 1864 11390 554679 General Fund Total UMre5tricted Funds 111839 666518 59070 62435 78310 89700 92599 639253 Tot*1 FThd 732106 6271K) 91056 703750 Gains and losses ort the market valu¢5 of investments are included in income or expenditure. 12
Notes formiDg p8rt of the financial statements For Ib¢ yr ellde4131 December 2012 Note 15 eontd Purposes ofRestricted FuDds Fabric Fund The Restricted Fabric Fund ha5 been created from the bequesi from Mrs l JohTtston, who stipulated that it be used for fabric purposes. The Trnst¢¢S will use this fijnd for the maintenan¢e of th¢ fabric of the Church an where appropriate. enhancements and improvemenis io ih¢ fabric. Retirdl Colleciions Each year retirdl collections are taken at certain servi¢es in aid of charities that are decided by the Kirk Session. Purp05¢5 of Designated FuDds Fabric Fund Th¢ Tru51ees applied the surplus ndS resulting from the sale of the previous manse, less the share of the costs of th¢ new manse, to ihe Fabric Fund to be used for future property-relaied expenses. Development Fund.. The Developm¢nt Fwjd ¢xi5ts lo accumulate funds. from the activities of the Events Committee inter alia, for tnajor expenditure of a capiiai natt]r¢. 16 ReconeiliatioM of nel tDovement in funds to net ¢4$b flow frorn operating aetivities 2022 2021 Net rnovemeni in funds Add back depreciation charg¢ Deduci interest and investment income Add net losses {deduct net gllin51 on investments Increase (decrease) in debtors Increase (decrease} in crediiors Loan interest Nei c&sh used in operatÉng activities -57513 915 -6535 29916 361 2304 941 -29611 -28356 915 -5757 3110 -872 128 1391 2022 2021 17 Other voluntary incomt He4t2Dg contributlOJl5: Guides Brownies & Rainbows 300 200 5(Ml 300 200 500 13
Notes fOring part of the fiDnci81 st4teTheDts For the yer ended 31 Decembtr 2022 Note 17 eontd In oddition the following trpnsfers to central church fimds were TTtade by these church organisations.. 2022 2021 Ht*tlDg Tennis Club Monday Circle Bowling Club The Guild 125 200 200 250 775 125 200 200 250 775 18 Rental ofpremises 2022 2021 Payments from non40ngr¢gational OTganisations for the use of halls: Morven Singers Silver City Chimes Kendo Club Zumba ¢lasse5 Miscellaneous 413 180 2970 2170 320 6053 525 1560 1470 170 3785 19 Collections for Third Parties The following amounts were collected on behalf 8nd paid to the following charities- 2¢>22 2021 Chrisiian Aid Earl Haig Fund 55 150 205 70 70 Disbursed 70 205 14