The Church of Scotland Fraserburgh Old Parish Church CONGREGATIONAL ACCOUNTS YEAR ENDED 31 DECEMBER 2023 Congregation No: 342016 Scottish Charity No: sc 013119
Fraserburgh Old Parish Church CONGREGATIONAL ACCOUNTS YEAR EIYDED 31 DECEMBER 2023 Contents Report of the TnteeS Pages2-8 Independent Examiner's Report Page 9 Statement of Financial Activities Page 10 Balance Sheet Page Il Cash Flow Ststement Page 12 Accounting Policies Page 13 Notes to the Accounts Pages 14- 19 Appendix Page 20- 21
Fraserburgh Old Parish Church Trustees, Annual Report Year ended 3 1 December 2023 The trustees present the annual report and financial stAlements foT the Charity of Fraserburgh Old Parish Church for th¢ year ended 31 Dec¢mber 2023. The fitTrancial statements have been prepared in accordarAce with the accounting policies set out in the policies nole to the accnllnl8 on pAge I l and comply with the General Assembly Regulatinns for c.ongregational Financq the Charities and Trustee Investment (Seotland) Aci 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and Accounting and Reporting by Charittes: Statun¢nt of Recommcndcd Practice applicable in th¢ UK and Republic of Ir¢land publi5h¢d on 16 July 2014. Objeeiives and Activities The Church of Scotland is Trinitarian in doctrine, Refornied in traditlon and Presbyterian in polity. It exists to glorify God and to work for the advancement of Christ's Kingdom throughout the world. As national Church, it acknowledges a distinctive ¢all and dthy to bring ihe ordinances of r¢ligion kn thc pooplc in cv¢ry parish of Scotland throu81) a terrtloiiitl tt]inislry. It co-operal¢s wilh other Churches in various ecumenicdl bodies in Scotland and beyond. One service of WOL3hip has been held each week on Sunday mornings throughout the course of the year and infonnal evening fellowship services have been held on a monthly basis. A5 well as the regular church service of worship. the Sunday 8¢hool (AK Club) also meet on a Sunday moming. Thmughoiit the coiirse of each week. manv other activities of the church take place which inolud¢; thc Bible Studv Group, the Guild, th¢ Mens Fellowship, thc Book Club, as)d thc Knit & Natter group. Th activities cater for a widc rangc of ag¢ groups within the congregaiion, fostering fellowship and ¢ncouraging outreach. Many unifortned organisations for young people also meet on a weekly basis within the Church Centre which includes Boys Brigade, Girls Brigade, Girl Guides, Brownies and Rainbows and these groups continue to flourish. As well as the regular we¢kly group activities. various social and fundraising events are also held throughout the year. Achievements and Performance Tlirougliout LITr¢ Trvliulr twclv¢ fflonth perlod under repon, the charge was vacani which Is noiv a period of more ihan nine )ears in vacancy since the retirement of the fonner minister, in June 2014. Perniission to call a n¢w minister was granted in November 2014 but tliis W(IS sisled in June 2018. 'Ihings have however moved on and the new Presbytery Plan plan for the Fraserburgh area has now been approved. The plan proposes the uniting of congregations within Frnserburgh and surrounding district and the union of Churches is due to take place during 2024 resulting in the closure of the Fraserburgh Old Parish Church building. Despite the backdrop of great unccrtainty and thc impending closure of the church, the tnterim Modcrntor. Kirk Scssion and wngregatioii contii)u¢d to work hard throughout th¢ course of 2023 to maintain services and the on¥oing activiues and outreach.
Fraserburgh Old Parish Cburch Trustees, Annual Report Contld Year ended 31 December 2023 Finaneial Revieiv The principal source of income for the church continues to be generated from weekly congregational off¢rings but sadly, numbers attending church declined significantly after the Covid-19 pandemic and a gradual decline has also been scen since that time with many nol returning lo weekly services. As a result. thcre has been a gradual decline in offering income. Offerings to the General Fund for the year were down by around 16 % al £47,517 against £56.648 in 2022. By way of ¢ompari50n, thc 2019 pre- pandemic level was £75,780 so the cuttcnl Icvcl repTe5ents 8 reduction of around 370/0 since ihat ftme. Gift Aid income to the General Fund also decreased at £8.886 against £1 0.065. The annual fund raising events of the ChTiStma5 Bazaar (General Fund) and the Chrislmas Mail (Special Purpos¢s Fund) both went ahead as nornial in 2023 and these activities raised net income of £2.043 and £2,565 respectively. Overall income for credit of th¢ General Fund totalled £65,783, Compared to £76,154 in 2022, and income for the Fabric Fund totalled £895 against £385 in 2022. Despite the sition with reducing numbcrs, ndraising aclivity continued with a total of £6,368 being raised through th¢ 'Kash foT the Kirk, rerbiShrnent fundraising campaign. The manse conlinued to be rented out to a third party family and income totalling £10,200 from renls was credited to the consolidated fabri¢ fvnd. Income through the Church Centre and Coffee Lounge totalled £78,484 against £84,349 in 2022 bul costs weTe h]l¢r resulting in a nei defjcit of £25,923 being reported for the Church Centre for the year. It should be noted however, that the main kitchen wa5 fully iefisrbished during the year at a cost of around £24,000. As well as being an important outreach, the Trift Shop continues lo make a vital financial contribution to ov¢rall funds helping to maintain the Church Centre and other activlties. Gross income of £11,200 was g¢n¢ratcd from the sale of second hand goods with a net sluS of £3,740 recorded after costs and we acknowledge the hard work of all thc volunt¢ers and all those who donat¢ goods. Total expendilure from the General Fund was down by £17.802 at £74.151 against £91,953 in 2022 with ihc main cost d¢¢r¢ase being in Ihe 'Giving for Growth, contributions which totalled £44,707 against £56,382 in the previous year. The combined nei deficit for the year for the Gen¢ral & Fabric Funds was £8,368. This compares to a d¢fi¢it of £16,633 in the previous year which gives a total deficit for General & Fabric Funds over the last four year period of £46,064. The church has adequate reserves and during thc year transfers were made from the Special Purposes Fund and other Funds to replenish the General Fund. Clearly such defi¢its cannot be sustained in the long term and it is hoped that the overall financial position will improv¢ once the union of churches proceeds. An overall deficit of £13.059 across all funds was recorded for the year with total funds closing at £508,844 (2022.. £521,903). The closing balanc¢ of funds in¢lud¢s Fixed Assets of £389,264 with total bank balances of £123.170.
Fraserburgh Old Parish Church Trustees, Annual Report Cont/d Year ended 31 December 2023 Risk Management The principal risks facing the congregation at the present time ar¢ considered to be as follows: Ongoing effect oflhe Covid-19 Pandemie The Covid-19 pandemic resulted in the closure of all church buildings for the most part of 2020 and from January 2021 until the end of March 2021. This resulted in a lot of lost offeting income at that time as well as a significant reduction in the income generated through the Coffee Lounge and Church Centre. Perhaps more Importantly, people fell out of the habit of going to church on a regular basis and also visiting the Coffee Lounge for a coffee with friends etc. We are now three years on from the resumption of 'nonnality' but it would be fair to say that the pandemic has had a lasting effect in that numbers attending church are still much reduced and it seems that a proportion of the congregation has been lost to the church completely. However, numbers attending the Coffee Lounge and using the Church Centre facilities have recovered and it's encouraging that the footfall is back to something more in line with pre-pandemic levels. Proposed union andchurch closuré The charge has now been vacant for almost ten years and, as stated earlier in this report, a union of chuwhes is to take place in 2024 with the closure of the Old Parish Church building. Whilst such a move is encouraging, it does create an element of uncertainty as to what the tllre might hold and there is a fear that some of the existing congregation will leave the Church of Scotland rather than transfer to the new congregation. Ageing Kirk Session and Congregalion It is a simple fact that the average age of the rnembers of the Kirk Session and Congregation is increasing with fewer new and younger members Coming through. As stated above, the life and worship of the church has continued very satisfactorily over the long vacancy period and also during the current period of transition. However. real progress in attracting new worshippers and members cannot be made until such time as the union of churches comes to fruition and a new ministry team is in place.
Fraserburgh Old Parish Church Trustees, Annual Report Contld Year ended 31 December 2023 Reserves Policy The charity trustees have considered the reserves required and have taken into account their current and future liabilities. No specific policy is currently in place but it was detennined a number of years ago that a specific 'Reserve Fund, should be created and funds set aside for emergency purposes. A 'Special Purposes, nd was also set up to fund specific or one-off unexpected items of expenditure and is generally used as an additional reserve fund. As indicated earlier in this report, there was a requirement to transfer funds from the Special Purposes Fund during the financial year in order to ensure day to day costs were covered. The closing balance of each fund as at 31" December 2023, per Note 13, was £7,262 {2022.' £7,262) and £9,108 (2022.. £10,959) respectively. These combioed balances represent approximately 3 months, worth of expenditure through the General Fund. The General Fund itself recorded a deficil of £8,368 for 2023 and Ihe Trustees are aware that th¢ cash position needs to be carefully monitored with thnds being transferred as and when required. Structure, Governance and Management The congregatlon is a registered charity, number SCOI 3119 and is administered in accordance with the ternis of the Model Deed of Constitution and is subject to the Acts and Regulations of the General Assembly of the Church of Scotland. Members of the Kirk Session are the charity trustees. The Kirk Session members are the ¢lders of the church and are chosen from those members of the church who are considered to have appropriate gifts and skills. The minister, who ffts a member of the Kirk Session. is elected by the congregation and inducted by Presbytery. (As already stated in this report, the charge is currently vacant and no minister ts cUntlY in place). The Kirk Session is responsible for the spiritual affairs within the church. The Kirk Session also administers the temporal matters of the church with certain responsibilities delegated to the various committees. the Finance Committee, the Fabrics Comrnittee, the Church Centre Committee, the Social Committee and the Continuity Committee. The Kirk Session meeis on a regular quarterly basis with additÉonal interim meetings held when required.
Fraserburgh Old Parish Church Trustees, Annual Report Contjd Year ended 31 Decejnber 2023 Referenee and Administrative InformatlOD Charity Name". Fraserburgh Old Parish Church Charity Reglstration Nuniber. SC013119 Congregation Reference No: 342016 Contact Address: The Church Office 5 Barrasgate Road Fraserburgh AB43 9HH
Fraserburgh Old Parish Church Truslees, Annual Report Cont/d Year ended 31 Decetnber 2023 Trustees continued PrincRpal oifiee Be8rers Minister: Po%itinn Jnterim Moderator.. Sesslon Clerk.. Church Trcasurcr: resenilv vacant Inde endent Ex Bankers Royal Bank of Scotland, Broad Street, Fraserburgh
Fraserburgh Old Parish Church Trustees, Annual Report Contld Year ended 31 D¢¢ember 2023 Trustees, Responsibilities in Relation to the Financial Statements The charity trusteeg are responsible for preparing a trustees, onnu&l report and finEClaI statements in accordan¢¢ with applicablc law and Unitcd Kingdom Accounting Standards (United Kin¥dom Generally Accepted A¢counling Practice). The law applicable to charities in Scotland requires the charity Iruslees to prepare financial statements for each year which show a true and fair view of the state of affairs of the charity and of the incoming resourcei and application of resources. of the charity for that peri(Kl. In preparing the financial slalements. the trustees are required to.. select 5Ultablc accounting polici¢s and then apply them consistently. observe th¢ method and principlcs in Ihc applicablc Charitics SORP- mak¢ judgments and estimates that reasonable and prudeni; state wh¢ther applicable accounting standards and statements ot recornmended pra¢tice have been follow'ed, subject to any departures disclosed and explained in Ihe financial statements. prepaTe the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in operational existence. The trustees are responsiblc for kccping propcr accounting rccord5 which disclo with r¢a30nablc accurac), at any lime Ihc financial position of ili¢ LhltY iuid to eiiabl¢ tlicIn lo ¥ii¥ure il)¢it Ih¢ fiiianLfftal s(aiemenis Lomply with ihe Chariiies and Trustee Investment (Scoiland) Aci 2005 and ihe Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for sateguarding the assets ot'the charity and hence for iaking reasonable steps for the wevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and ingrity of the charity and financial infomiation on th¢ ¢ongr¢gation's website. Legislation in the Uniicd Kingdom govcrning the pr¢pamtion and dissctnination of financial statcmcnts may differ from l¢gislation in other jurisdictions. ,Ipiir(Ivtd b). thL TrLl%tLLS (Iiid s,, giiLd on their b¢half, th Date: 15 May 2024
Fraserburgh Old Parisb Church Independent Examiner's Report to the Trustees of Fraserbllrgh Old Parish Church Year ended 31 December 2023 I report on the accounts of the charity for the year ended 31 December 2023 whi¢h are ser out on pages l O to 20. Respective r¢sponsibilttie3 of irustees and examlner The charity's trustees are responsible for the prepardlion of the accounls in accordance with the tenns of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounls (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit rquirement of Regulation 1011) (a) to (c) of the Accounis Regulations does not apply. It is my responsibility to exarnine the accounls as required under section 44{1) (c) of the Act and to stat¢ whether particular matters havc come to rny atsention. Basis ofiDdependent examlner's statemenf My examination is carried out in a¢cordance with Regulation I l of the Charities A¢¢ounts (Scotland) Regulations 2006 (as arnended). An examination includes a r¢vi¢w of the accounting records kept by th¢ charity and a comparison of the accounts presented with those Tecords. li also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evtdence thgt would be required in an audiL and conscquclltly I do not cxprcss an audit opinion on the i'iew givcii by thc accounts. Independent exarniner's statement In the course ot my examination, no matter has come to my attention: . which gives m¢ r¢asonable cause to belteve that in any material respect the requirements: to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act snd Regulation 4 of the 2006 Accounts Regulations (as amended), and to pr¢poro accounts whi¢h aG¢ord with th¢ aGGountiiis 015 •id Goiiiply widi R¢¥ulaLivIk 8 ufthc 2006 Accounls R¢gulations (as am¢nded) hai'e not bc¢n mcl, or 2. lo whi¥h, in my opinion, aiiention should be drawn in order to enable a proper understanding ot the accounts to be reached.
Fraserburgh Old Parish Cbureh Statement of Finaneial Activities Year ended 31st December 2023 Nots Unr¢stri¢t¢d Re$trieted Funds Funds 2023 T•tsl 2023 Totsl 2023 2022 IDeome ad ¢ndowments from: Donations & legacies Charitabl¢ aclivities Other trading activities Invesknents Other 65,525 13,039 99,889 1.839 13.876 79,401 13,039 99,889 IW9 75.962 11,840 109.570 249 Total Ineome 180292 13076 194,168 197,621 Ex endÉture on: Raising funds Charitable activiites 102.645 90.706 102,645 iOU82 90,405 105242 13,876 Total eipeLditUTe 193?51 13,876 207227 195,647 Net ÉD¢omel(peMditure) before gAins and 1055 on inve$tmnets (13,059) (13,059) 1,974 Net gainsl(losses) on invesknents Net In¢ome1(exped1ture) {13,059) (13,059) 1,974 Transfers between funds Net mov¢mellt ID fund$ (13,059) (13,059) 1,974 Reconeiliation of funds: Total fimds brought forward Total funds Carried forward 13 518,465 505,406 3,438 3A38 S21,3 508044 519,929 521,903 13 10
Fraserburgh Old Parish Cbur¢h Balance Sheet At 31sl Deeernber 2023 20 2022 Note Pixed Assets Tangible red assets Investments 389264 384.949 389264 384,949 Current A55ets Stocks Debtors Bank and Lash io 4.186 123,170 127J56 2,617 146,840 149,457 Credito Falling due within on¢ y¢ar li 7,776 12303 Net CurreDt knets 119080 13@9S4 Net Assets 521,903 The fund$ of tke Charity: Endowment funds Restricted income fiinds ij 3,438 505,406 3,438 518,465 Unr¢stri¢tcd incom¢ lId5 Total charity funds 13 508,844 521,903 Total Funds 508,844 521,903 l-he accounts wert a rov¢d b the Kirk Scssiop. on I 24 and sigllwj on their behalf by.
Fraserburgh Old Parish Church Statement of Cashflows YeAr ended 31st December 2023 . R¢coDciliation of net movement in funds to net casb flow from operating activities Total Funds 2023 Total Funds 2022 Note Net cash used In operating activfities 14 -18,731 6,566 Cashflows from Rnvestillg activlties: Interest and dividends Proceeds from sale of investments Net cash provided by investing aetivities 1,839 249 1,839 249 Cashflows from finaneing activities: Repayment of borrowings Net cash provided by financing activities Cashflows relating to fixed assets: Payments to acquAr¢ fixed assets Proceeds from disposal of fixed assets Net cashflow relating to red assets -6.778 -5,923 -6,778 -5,923 Change in cash and eash equivalents in the year -23,670 892 Cash and cash cquivalcnts brought forward 140,840 145,948 Cash and cash equivalents carried forward 123,170 146,840 12
Fn5trbur£b Olrf Pirisb C&•rcb YtreJbdtd 31st Dt¢¢mbtr2023 ThB Princip a¢¢ow>tin8 lICIe whichhave FKen appliedwls1llfy in th¢ cwrerrt ar¥J precvJinB year in 41e4luJg with it¢rr4 g con8idered rnthrialtoth¢ ¥¢t outbelow. Bgsls o(prepArllfjD Th¢ finthcial kmvr Fry] In with Accotin8 alld Rep)rt2 by crItIes". Stota))t of Re¢omnR PntiCe #pplicabl¢ ¢haritie$ prepanns their accOUS in &xy)rd¥n¢e the FIclaI ReporLillS Stand8rds aPFdic&ble in the VK 00 Republi¢ of Ir¢kndlFRS1021, 15sed on 16 Juty 2014 And th¢ Fi[Wl RepDrtins StsTra app]Icable In ihe UK and Republic ofittlana (FRS102k the ChaTitstsattdTnthe¢Tnve&bnentlScotlandl Ath2(M)5 artd th¢ Chwiiie$¥¢oullts IS¢otLindlRe8ulations20061 Theaccwits h&v¢ tt¢n pre1wj in UK £ sterling. Fd5 are cl&%sifJedss eitherTe51ri¢i•J kndsot uETrrestricted f$, defined follow5 Re#rictcd rÈ fi5 subj to specifjc rLNuiremtnt$ 85 to their use which may Ee declared by the or With their authorty OT cr¢at¢d thFWth le proce55e5, bui still within thc wider objects ofthecharity. Eftdi)wm¢ni f$4 fundslvhithhave Ettn given ontht cotyJitionth the on8M Lyiitsi isnot ralucL butth¢ th¢rc fmm 1$ foTth¢pUrsX defined mxcordaTrxwithth¢obi¢¢ts ofthc¢]wity. lJnTf5trithd fuTth are expendable at the diseretion of treS iTr fultherance of objects of the chlty if p&ts of the are eamarke4 at the discretionof Ehe trusttts fora particul putpose, they are tsi8nated as a sepa1e f. Thi5 do$110 h athini$tYatie pw5c OnlYw docs rK>t legBllytuthrtth¢tsus1tt5' di5¢t10ntOapptythe fuj. Income is tecognise41 th the ¢harity ha5 cntillernent to the ColI10n5 attacd to the item(sl of incorne have met, it is probable thÈtthe intom¢will be reK¢ivedand the 8mounicÉnbe measured r¢]i4tsy Donald professi strviC¢S Ind dtynated f1]ItIES are recwised as incomr whcn th¢ rharity ha5 CQlltrol Dver the itern. any condi%ioAs 550cla wthtbedonaied itemTrAvtbcen melthe ie¢¢iptof economie kr11froM the by the thatityof the itWB PTobdbl¢ and that eewomi¢ be[fit Me]red religbty In tra)ll¢¢ wth the Chriiies SORP IFRS1021 the BerwAI volunte¢r tTmt of¢ong4110n meTnbcrs 15 not Fecwised On receipt. dond prof¢55iond services and doJJated fa¢iliiies are reeoBlli$td on th¢ b4si$ of the V¢ ofthe sift w the charity whieh i8 the clwtLy kne beerj lIling lo to olain seTrice6 OT rllItieS of qw¥ent lyon1¢ efton the open &cotr¢swtdingamount 15 then reeowjised gs exK&ituEr inth¢ prri1 ofT¢c¢ipI IDtere5t re¢etYabl Intetesi on funds h¥ia deposit Is Included whenreceiyable and the #JRjntÉbQtue&red rciiabjy by the chETity'. thiyisJrn1lY nottfication of the ittt¢restpaid 0[pble bythe bank Fixed The chty thc rJ8ht to upY th usc foT its chAntable objects (rtin tsngible fixed 155¢t4 inrludiNg thc chuT£ h1$ and ML. v¢$t¢d in th¢ Church otscotland Gerr&l TnL%ttts No con5id¢Trtion is wAble for the Lse of thcse assets. Exp¢ttditw¢ on repaiE 2nd mwnttTJan¢¢of these assets is ch&rgd &% tre£s0[pCr¥1Cd the Stst¢llKM of FirAncial Activities inthe wod in whi¢h U All t4wbl¢ fixed 055ets ¢ostin8 in txt¢ss of £l.WO VIng a yuC to tl clty than Ont year. othrr tkn those wuirel for $trtific putP05e& capitalised ]f applic8bl¢, depre¢iatioti is ptovided on a strAi8ht-line wri off the ¢ost ty thiiAI y¥Ju4 le55 r¢sidual Yue. orgible ftx¢d #ssetsovErthEITC51imared tful Iivu." FrtlK>JO Buldin85 FwTrishing5 gnd Lxuspmart Nodcprt£i4ion 4 years onAstroi8ht lin¢ Tansible fLxed &ssds are include4 at¢ost1¢5sdcpreciation and impamht The resIdu valup is re05sessed at the ej ofeach aceouhttttgrththl. No deprcckition char8cd onthtiw) bwld]ng5 foTwhich iitle isheld I)Y(Ch¢h Ctrrtt¢tyJ ThitftShopl. It Istkc Vi0ftheiT that the vdues fairtystated in Baian¢e Shed. Fixed Se1 investsn¢nts arc stated )1 mArket value at the bance shettda. Uptealisoj Bal5 snd ID$ represent the (bfference bctwren the value the beginning aodend of financial ye4r or. if pwthasvd In theycpJ.thc dIffre betwcencost8nd rn8rkeE yUC at thB end of Iheyear ReiSednS yrnl195s¢s]rwesert thBdifference Lkn4Vnlhe prrtttds on dispo] the morketvgiueatthe #artof thewrw¢os1 ifpurch&d in theytÈr. Ta1104 FIaserb8h Old Plsh Chch & a ¢harity for ihc PUTtrf>ses of plicAbl¢ 14With l¢ysl•ion Jnd 1$ thBTefore not subject lo tatiOn on ch3Titsbl¢ adiviiies. Th¢ charity is 1[ra tor VAT in respect of Church Cenire (Coffee Loun8¢ and Fun¢tsl T Jneomel 2Th1 Thnft Sknp iTwme. Rdevant mcome and exrthlitw¢ foT the specffic llctsvities gTe #atyj ner of VAI.. Atl othtt incom¢ andewnditurc isswcd gross. Debtor51creditfyts rtttivblelpybttwilbill ODtye*r D¢btOTsand ueditors with nostai&l ittter¢s¢Ew¢alla r¢ceivable or Yable thin0e¢Te[deé wtv]kWnpri¢e. Any losse5 2risinBfrom llnpaimtnt are9115¢& Inthcprofil and Ioss&ccotsffl irt(AhpTadrninistsativ¢costs.
Frgserburgh Old Parish Chre Notes formitig part of the finakeial statements for Èbe year ended 31st December 2023 UDreslrieted Restricted Funds Funds 2023 2023 Totsl 21123 Tolal 2022 l Dontions & Legatie$ Offerings Tax recovered QD Gift Aid l£gaci¢s & donatiotjs Value of donated go( Other Other- Guild Fees 48.494 8.886 7.371 48,494 8,886 7?71 57.775 10,005 7,330 13,876 13076 774 774 7ty2 65,525 13,876 79,401 75,962 2 Incorne frnm ¢hArttsblt £t]vitIeS Weddings & Fun¢rals Regular Fundraising Events Other fimdraising Furlough Income for Church Staff 574 5.723 6,742 574 S,723 6,742 845 5,347 5,648 13.039 13,039 11040 3 IDcomt fTlbm otber trading activities Church ctre & Coffee Lounge Furlough Income for Church Centre Thrift Shop Thrift Shop Covid-19 Grant Income Rental of ll)are 78.469 78.469 84.069 11220 11320 15.301 10,2(Kl 9989 10,21)0 99,889 10200 109,570 Investment income Dividends received Deposit int¢rest 1.839 249 IW9 249 Additional ID¢ome Nots Rtntsl IDcomt Includ¢d within the income fi8ur4 is the following income Tental and hall hire.. Manse rental incom¢ to the consoliiled fabric fund Hall hAre income tncluded within Church Centr¢ iJRcome Total inc•Jne from rentsl hall hire £10200 £3,280 £13.480 li) Other ID¢ome- Gran¢$ Other income cornprtses a grant that was provided to th¢ Church Centre io &ssist with the put]x)se of the main kitchen refurbishment. Otber iocome- Graut £13,876 14
Fra$¢rburgh Old Parish Church Notes formiDg part of the financi21 statements the year ended 318t December 2023 Unrestrffieted Restricted Funds Funds 2023 2023 Total 2023 Total 2022 S Anatysis of Expenditure Raising of Funds Centre & Coffee Lounge Trading & Other Costs Trift Shop Trading & Other Costs Other Fundraisin8 Costs Offering Envelopes 94,373 7,480 174 618 102,645 94J73 7,480 174 618 102,645 87,236 2,675 494 90,405 Charitable Activitfies Giving to Grow Allocation Payments Presbytery Dues Voluniary Additional Stipend Ministerfs Expenses Pulpit Supply Other salary costs Fabric Repairs & Maintenance Council Tax (Manse) Heat, Light & Insurdnce Church Offic¢ Expenses Organ & Music Other expenses Church RepaiT & RefuTbislm]ent Project Special Pury)oses Expenditure 44,707 596 44,707 596 56,382 596 5,149 8,402 13,864 5,149 8,402 27,740 8,454 8,179 10,672 13,876 8.250 3,813 8250 3013 10,845 3,507 5.925 5925 6,607 90,706 13,876 104,582 105242 Total Expenditure 193J51 13,876 207,227 195,647 Support costs have not been separately identified as the trustees consider there is only one charitable activity. Therefore support Costs relate wholly to that actiVLty and have not been sepatately identified. Centre & Coffee Loun Purchases & wages Other costs Depreciation of furnishings & equipment ¢ Tradin & Other Costs com rises.. 66,722 25,188 2,463 94J73 66,722 25,188 2,463 94,373 58,973 26,937 lJ26 87,236 15
Fra5¢rburgh Old Parish Church Iyotes forming part of th¢ financial statements for the ended 31st December 2023 2023 2022 6 Staff costs and numbers Wages & Honordrium (Church) Wages (Church Centre) NIC (Church and Church Centre) Total 8,402 37,095 8.179 33,522 45,497 41,701 The average number of employees during the year. calculated on the basis of a head counL was 8 follows.. 2023 2022 Administration Premises maintenance Other No employee had benefits in excess of £50.000. All Church of Scotland COnggatIOnS contribute to the National Stipend Fund which bears the costs of a]1 ministers, stipends and employer's contributions for national insurance, pension and housing and loan fund. Ministers, slipends are paid ID accordance with the national stipend scale, which is related to years of servi¢e. For the year under review the minimum stipend was £30.135 and the maximum stipend (in the fifth and subsequent years) £37,032. All Church of Scotland congregations are required to pay directly to the Local Authority the assessed Council Tax in respect of their Manses. In the year under revi¢w this amounted to Nil (2022..£Nil). (Manse r¢ntcd to a third party for the full 7 Trustee Remuneration and Related Party Transactions During the year Tn]stees received the following combined totsls of honorarium. expenses and payments". 2023 2022 Y4ature ofpayment Number of Trustee5 Honorarium Funeral Officer Fees Ent. M(KI.0cum & Pulplt Supply F¢es & Exp$ Wages 125 3.595 1,243 4,963 175 8.394 695 9264 No trustee or a person related to a trustee had any personal interest in any contra¢t or transaction entered into by the ¢haTity during the year. During the year a total of £23,750 (est.) was donaied to the wngregation by trustees. Many trustees work on a voluntary b&sis for the church and the related organisatioATrs. No fornial wages were waived. 16
Fraserburgh Old Parish Church Notes forming part of the finallcial statements for the year ended 31st December 2023 8 Tangible Fixed Assets Furnishing5 & Buildings Equipment Total Cost At l January 2023 Additions Disposals At 3 1st December 2023 380,000 10,268 6.778 390368 6.778 380,000 17,046 397,046 Accumulated Depr¢¢iation At l January 2023 Charge for year Eliminated on Disposals At 3 1st December 2023 5,319 2,463 5J19 2,463 7,782 7,782 Net Book Valu¢ At 31st December 2023 At 3 1st December 2022 380,000 380,000 9264 4,949 389264 384,949 Title to the Church Centre and Thrift Shop Buildings is held locally by Fra5erburgh Old Parish Church. The estimated values of these buildings have been stated at £320,000 and £60,000 respectively. Title to the Church Building. Penny School Hall and Manse is held centrally by Church of Scotland, Edinburgh and therefore these buildings are not reflected in the Balance Sheet. 9 Investments 2023 2022 Investments at cost 10 Debtors 2023 2022 Gift Aid Tax Refund Due Other Debtors Prepayments 1.846 1.829 511 4,186 2,205 412 2,617 11 Creditors 2023 2,022 Accruals Other 4,247 3,529 7,776 5,955 6,548 12,503 17
Fra5erburgh Old Parish Chureh Notes forming part of the f¢181 statements for tbe yer ended 31st Detember 2023 12 Analy5iJ of Net As8e¢s Among Funds Ceneral Duignated Re5tritted Indowment TOTALS Fixed Assets Investhjents Current A55ets Curt¢ni Ltabililies Net Assets 3J$t Dettllber 2022 389,264 389364 11,988 (5,718) 6270 111.930 {2,058} 499,136 3,438 127a56 (7,776) 508,844 3,438 13 Movements Funds At l Jgnuary IttcomiDg Outgoing 2023 ources Resourees Trgosfers At 31 Dec 2023 Restrleted funds Music Fund R¢furbiskn¢ntFuud (Pellllysth& Cethl 988 2,450 3,438 988 13.876 13,876 {13,876 13J76 3,438 Unrestrleted funds Generdl Fund Fabric Fund Consolidated Fabric Fund Manse R¢nta] Fund Special Pyrposes Fund Church Centre Thrift Shop AK Club The Guild fvlens Fellowship Youth Fund Reserve Fund R¢furbi5hment Fund 65.783 895 11.632 (74,1511 18541 (2,131) (2,476) 14,638 3,000 {15,698) 2.476 (4.416) 23.542 (21,580) 6270 3,041 33.600 39,797 10,959 338,105 93.815 3.386 4,503 410 2.172 7,262 18.056 518,465 2,565 78,484 11220 296 2,923 126 9,108 335,724 75,975 3,095 801 396 2,172 7,262 21.962 50S406 1104,407) {7,480) {587) (625) (1401 6J68 180292 500 (193a51 {1.962 Total fllnds 521W3 194.168 207227 $08,844 ses of Restricted Fund UsOJ brnrtitiifthuTch chotrBDO worghiprnvsi¢ faulitses. Rrfwbi&bwni Fh9{PschOOl C¢bty) Trunding ree¢iveil from thLations and hmdrais]D8specifIIY for PthDy Schwl Churth Centre Tefurbishmeth PTojccIs. oses of Desi Fabric FuDd Consolidaitd FabJi¢Fund ated Funds TheTtU5tees hav¢ sth asidBfwt4ts forthe maini¢maAcEof the chwch property. Rellt fromth¢mgJw is iec¢ived intothis and is lo b¢ us¢d for tt t¢n8ntof ¢hur¢h PTopetty. Funds from Ih¢CtHJ501idafrd Fabri¢ Pd 10 used for the mgitiienEllce of the ¢hur¢h Mattse Fd sid1 futsd Chur¢b Centre Thrift Shop AK Club The Cjuild Mtos Fellowship Youth Fund Re5erv¢ Fknjd RefurbisbrneEt Fund ThE Ttu81tts bav¢ srt &*ide fiJDds for speth oll¢ff projects. Thts¢ w¢raityJ aEd ]• by th¢ Churthcelltrecommittee. The fyntts8r¢ geller&t¢d alld by th¢Trift Shop Co]tUDittt These ar¢ geDcrated and Mag¢dbY the AK Club lead¢rs foTbCt1 ofthe Youth Chut Th¢se fi5 8reg¢n¢ratcd aDd rnaDa8¢d by the Guitd Co]Jututt These fvDts 8enLYaled and by ¢he Mens F¢M0b]p Conyllittrt Th¢TTUStees hav¢ sd kd¢ fuDd5 forth¢msilltettatsceofthe YouthCbuFth. FNdS sd asidc by the Kirk S¢ssii)L for UDfoieseu ¢osts and emeigency fundi Fundin8 for s80¢t4wy iefi]tbisbmttJtproj¢¢t alld &150 the Pumy SdM)Dl Tcfiubishm¢ni from gLYJtr (%)ntr]IJuIio aJ)dwbe Lsedlltthe di10n Df Kk S¢5520n.
Fraserburgh Old Parish Church Notes forming part of the financial statements for the year ended 31st December 2023 14 , Reconciliation of net movement in funds to net cash flow from operating activities 2023 2022 Net movement in funds Add back depreciation charge Deduct interest income Deduct gains/add back losses on investments Decrease (Increase) in debtors ncrease (Decrease) in creditors Net cash used in operating activities -13,059 2,463 -1,839 1,974 1,326 -249 -1,569 -4,727 -18,731 -158 3,673 6,566 15 , Volunteers In common with all congregations of the Chur¢h of Scotland the congregation benefits from the contribulion made by volunteers who give th¢ir time and talents willingly for the benefit of the Church. The areas of congregational life which rely on the contribution of volunteers are many and varied and much of the activity would be ullable to ¢ontinue wer¢ it not for the cotnmitment show. 2023 2022 16 Collections for Third Parties Poppy Scotland ChrRstian Aid Fraserburgh Community Council (Foodbank) Broch Community Fil Responders Abern¢cessities (ChTiStm&8 Eve) Barnab&slTearfid (Bon Accord Silver Band and Christmas Eve) 665 779 600 494 126 903 943 824 126 2,796 2,664 19
APPENDIX FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES 2023 2022 CAPITAL Crdit Balances held at 31 D¢¢ernber 21 at cosi Market Value of Ba]anees at 31 Deeember 21 REVENUE Credil Balance ai 31 December 21 CONSOLIDATED FABRIC FtJl¥D 33.600 39,797 20
Fraserburgh Old Parish Chureh Year Ended 31st December 2023 APPENDIX 2 - GENERAL & FABRIC FUNDS INCOMING RESOURCES 2023 GENERAL FABIUC 2022 GENERAL FABTUC Ineomin Resourees Donations & Ikggii¢S Offerings Tax recovered on Gift Aid Lega¢ies Value of donat¢d g(x)ds Other 47,517 8.886 6,643 56.648 10,065 6.800 608 Total donations & legacie5 63,046 608 73513 In¢ome from eharltsblt &ctivitle5 Weddings & funerals Regular hndraising Other fundrwsing Furlough income Totgl Intojlle from charitable *ctivities 287 287 460 385 2,043 2.112 2J30 287 un 385 Income from othet trHding activities Chur¢h C¢ntre & Coffee Jmnge Thrift Shop Total income from trading attivities Investment income Dividends received Deposit interest Total inve$tmeDt income 407 69 407 69 TOTAL If4COMING KESOURCFS PER NOTE 13 6&783 76,154 385 21