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 Tn￿teeS
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 si￿￿tion with reducing
numbcrs, ￿ndraising aclivity continued with a total of £6,368 being raised through th¢ 'Kash foT the
Kirk, re￿rbiShrnent 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 s￿￿luS 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 cU￿ntlY 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 finE￿ClaI 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¢ Lh￿ltY 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 in￿grity 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 ￿￿01￿5 •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$trieted
Funds
Funds
2023
T•tsl
2023
Totsl
2023
2022
IDeome a￿d ¢ndowments from:
Donations & legacies
Charitabl¢ aclivities
Other trading activities
Invesknents
Other
65,525
13,039
99,889
1.839
13.876
79,401
13,039
99,889
IW9
75.962
11,840
109.570
249
Total Ineome
180292
13076
194,168
197,621
Ex
endÉture on:
Raising funds
Charitable activiites
102.645
90.706
102,645
iOU82
90,405
105242
13,876
Total eipeLditUTe
193?51
13,876
207227
195,647
Net ÉD¢omel(￿peMditure) before gAins and 1055
on inve$tmnets
(13,059)
(13,059)
1,974
Net gainsl(losses) on invesknents
Net In¢ome1(expe￿d1ture)
{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 r￿ed 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 r￿ed 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
Yt*reJbdtd 31st Dt¢¢mbtr2023
ThB Princip￿ a¢¢ow>tin8 ￿lICIe￿ whichhave FKen appliedw￿ls1￿llfy in th¢ cwrerrt ar¥J precvJinB year in 41e4luJg with it¢rr4 g
con8idered rnthrialtoth¢ ¥¢*t outbelow.
Bgsls o(prepAr*llfjD
Th¢ finthcial kmvr Fry￿] In with Acco￿tin8 alld Rep)rt2￿ by c￿rItIes". Stota))￿t of Re¢omnR
Pn￿tiCe #pplicabl¢ ￿ ¢haritie$ prepanns their accOU￿S in &xy)rd¥n¢e the FI￿claI ReporLillS Stand8rds aPFdic&ble in the VK 0￿0
Republi¢ of Ir¢kndlFRS1021, 15s￿ed on 16 Juty 2014 And th¢ Fi[W￿l￿ RepDrtins StsTra￿ app]Icable In ihe UK and Republic ofittlana
(FRS102k the ChaTitstsattdTnthe¢Tnve&bnentlScotlandl Ath2(M)5 artd th¢ Chwiiie$¥¢oullts IS¢otLindlRe8ulations20061
Theaccwits h&v¢ tt¢n pre1w￿j in UK £ sterling.
F￿d5 are cl&%sifJedss eitherTe51ri¢i•J kndsot uETrrestricted f￿￿$, defined ￿ follow5
Re#rictcd *rÈ fi￿5 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￿￿$4￿ fundslvhithhave Ettn given ontht cotyJitionth* the on8M￿ Lyiitsi isnot raluc*L butth¢ th¢rc fmm
1$ foTth¢pUrsX￿ defined mxcordaTrxwithth¢obi¢¢ts ofthc¢]wity.
lJnTf5trithd fuTth are expendable at the diseretion of tr￿￿eS iTr fultherance of objects of the ch￿lty if p&ts of the
are eamarke4 at the discretionof Ehe trusttts fora particul￿ putpose, they are tsi8nated as a sepa1￿e f￿. Thi5 do$1￿10￿ h*
athini$tYati*e pw5c OnlYw￿ docs rK>t legBllytuthrtth¢tsus1tt5' di5￿¢t10ntOapptythe fu￿j.
Income is tecognise41 th the ¢harity ha5 cntillernent to the Co￿lI10n5 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 f￿1]ItIES are recwised as incomr whcn th¢ rharity ha5 CQlltrol Dver the itern. any condi%ioAs
550cla￿ wthtbedonaied itemTrAvtbcen melthe ie¢¢iptof economie k￿r11froM the by the thatityof the itWB ￿ PTobdbl¢ and that
eewomi¢ be[￿fit Me￿]red religbty In ￿t￿ra)ll¢¢ wth the Chriiies SORP IFRS1021 the BerwAI volunte¢r tTmt of¢on￿g4110n
meTnbcrs 15 not Fecwised On receipt. don*d 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 ol*ain seTrice6 OT r￿llItieS of qw¥￿ent lyon￿1¢
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 #JR￿jntÉ￿bQtue&￿red rciiabjy by the chETity'. thiyisJ￿rn￿1lY
nottfication of the ittt¢restpaid 0[p￿ble bythe bank
Fixed
The ch￿ty thc rJ8ht to ￿upY th usc foT its chAntable objects (*rt*in tsngible fixed 155¢t4 inrludiNg thc chuT£￿ h￿1$ and M￿L￿.
v¢$t¢d in th¢ Church otscotland Ger*r&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 &% t￿￿￿re£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 y￿uC to tl* c￿lty than Ont year. othrr tkn those wuirel for
$trtific putP05e& ￿ capitalised ]f applic8bl¢, depre¢iatioti is ptovided on a strAi8ht-line wri* off the ¢ost ty thiiAI y¥Ju4 le55
r¢sidual Y￿ue. or￿gible ftx¢d #ssetsovErthEITC51imared ￿tful Iivu."
FrtlK>JO Buldin85
FwTrishing5 gnd Lxuspmart
Nodcprt£i4ion
4 years onAstroi8ht lin¢
Tansible fLxed &ssds are include4 at¢ost1¢5sdcpreciation and impamht The resIdu￿ valup is re05sessed at the e￿j ofeach aceouhttttgrththl. No
deprcckition char8cd onthtiw) bwld]ng5 foTwhich iitle isheld I￿￿)Y(Ch￿¢h Ctrrtt¢tyJ￿ ThitftShopl. It Istkc Vi￿0ftheiT￿ that the vdues
fairtystated in Baian¢e Shed.
Fixed ￿Se1 investsn¢nts arc stated )1 mArket value at the b￿ance shettda*. Uptealisoj Bal￿5 snd ID$￿ represent the (bfference bctwren
the value ￿ the beginning aodend of financial ye4r or. if pwthasvd In theycpJ.thc dIff￿re betwcencost8nd rn8rkeE y￿UC at
thB end of Iheyear Re￿iSed￿nS yrnl195s¢s]rwesert thBdifference Lkn4Vnlhe prrtttds on dispo￿] the morketvgiueatthe #artof
thewrw¢os1 ifpurch&d in theytÈr.
Ta￿1104
FIaserb￿8h Old Pl￿sh Ch￿ch &* a ¢harity for ihc PUTtrf>ses of ￿plicAbl¢ 14With l¢ysl•ion Jnd 1$ thBTefore not subject lo
t￿atiOn 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 rtttiv*blelp*y*bttwilbill ODtye*r
D¢btOTsand ueditors with nostai&l ittter¢s¢Ew¢alla r¢ceivable or ￿Yable ￿thin0￿e￿￿¢Te￿[deé wtv]kW￿npri¢e. Any losse5 2risinBfrom
llnpaimtnt are￿9115¢& Inthcprofil and Ioss&ccotsffl irt(AhpTadrninistsativ¢costs.

Frgserburgh Old Parish Ch￿re￿
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 Don*tions & 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 c￿tre & Coffee Lounge
Furlough Income for Church Centre
Thrift Shop
Thrift Shop Covid-19 Grant Income
Rental of ll)ar￿e
78.469
78.469
84.069
11220
11320
15.301
10,2(Kl
99￿89
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 consoliil*ed 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 COng￿gatIOnS 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 ye*r 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 F￿h9{P￿schOOl* C¢bty*) Trunding ree¢iveil from thLations and hmdrais]D8specif￿IIY 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¢n8nt*of ¢hur¢h PTopetty.
Funds from Ih¢CtHJ501idafrd Fabri¢ P￿d 10 ￿ used for the mgitiienEllce of the ¢hur¢h
Mattse F￿d
s￿id1 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.
Th￿e fyntts8r¢ geller&t¢d alld by th¢Trift Shop Co]tUDittt
These ar¢ geDcrated and M￿ag¢dbY the AK Club lead¢rs foTbCt￿1 ofthe Youth Chut
Th¢se fi￿￿5 8reg¢n¢ratcd aDd rnaDa8¢d by the Guitd Co]Jututt
These fvDts 8enLYaled and by ¢he Mens F¢M0￿b]p Conyllittrt
Th¢TTUStees hav¢ sd ￿kd¢ fuDd5 forth¢msilltettatsceofthe YouthCbuFth.
F￿NdS 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 di￿10n Df K￿k 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 Fi￿l Responders
Abern¢cessities (ChTiStm&8 Eve)
Barnab&slTearfi￿d (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