CUPAR OLD AND ST MICHAEL OF TART PARISH CHURCH (OF SCOTLAND) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 CONGREGATION NUMBER 2615SO SCOTTISH CHARITY NUMBER SC013123 Hender%i)n141411 k. (. I
Cupar Old •nd 8t Mkhael of Tar¥lt Parfsh Chw¢h (of Scotland) Try•t?o•' R•port Y••r ended 31 Dec•mb•r 2025 The truste present their annud report and attounis lor Cwr & Sl mh8o1 of Tar¥it Parish Chuich lot Scotnd) for the year ended 31 December 2025. The financial staternenls have been prepared in accordarKe with the accounting polic48s sel out in Note 1 to lh8 accounls and conyly with the Generl As$emtAy Aooulallons lor Congrogaiional Flnance, Iho Charl¥o$ and Trtsst88 Inv8Stmenl Iscottandl Aci 2005, the Chariiios Accounis (Scollandl Regulatw)ns 2006 las amenoedl and Accouniing an¢J Reporting tsy Charile5.' Siaiernenlof Recomrnended Practice applicable lo chaniie5 preparSno Ihgw 7Lcounls in accordance with the FInand Reportlng Slandard appIable in Ihe UK and Rewblie of Irdand publl8h8d in (ktob8r Z019. ObJ•¢tlTM• •nd Actiti The Chur¢h of Scotland is Trinilaiian in doclrinfr, r•lormod In Iradilion and Pie$bylerian in pddy.11 exi$ls 10 9lorlfy Gtxl and to woth lor th• advancement ol ChrlBt'5 Klntrjom throughoul tho WO1. As a naiional Church, It a¢knO%ad9¥S a di$iinciive eall #nd duty to brino lh8 ord'nanc$s Of rèlioion 10 th• p80• in trvery parish ol Scoiiand through a leiritortol Tnlni51ry. 11 co-operatey wilh Olher Churehes in various •eum•nicAI bodè# In ScolloTrJ aTrJ beyond. though w? l0$1 sgvgn m•mb8rs In the la$1 yew, we hav6 had arKJlher year ol sll9hl giowih in attendoncès wlhln th• Church wh # numbel of new regulttr att•TrJees al our serwlcv5. WL noimally hold two $ervice$ oach Sunday. One servk& al 11.00am whl¢h 1$ hokl in the san¢luary and 1$ a Ira(h'tional service. The Second servk8 is 914.00pm and Is a more cont8rnFof8ry style. Our yowger p8oplg. 4nd mgmt)w$ ol the Sunday cl attend al thls and have Ihelr own Ilme In Ihe bung? ttnd Iho mèoling rDtsm. Our Sunday Club has a regular •ltondaneè ol •pproxlmat•ty ilft••n youno pooplo and lour dedlcaiod lèad¢r$. T¢ lormai has nol ehttrvaed, and we slill have 8 lamlly seThlce uyuolly hold on Ihe last SUlaY ol the rnth. W• hav• a youlh group whlch m8et8 monlhly the Parlsh Centre %4llh games 8nd bknle Sludy. Our mlnlBtgr. thg Joff MartlTr. now has hyo charq•8 a8 w• are Ilnked wllh Monlmall. W• ar• cornmllled lo the UnTr ol the church88 In the Parlsh Sl. JohTr's and Dalrsie Untled Cupar 01 and Sl Mlchael ol TaThil linked wh Monimall Ihl$ wlll 14k8 placg In 2026. 8olh chhS still meet irs Ih8ir own church at the Th¥)ment. Aehl•v•m•n¢• P•rf•rnian¢• We BS a church conlnue to support Communlty In Cupar whkh wns most ol ihe day on Satuidays In our Pa$kn Cenlre. Thls Charty Supports r6fvgee$ Irn a numb&r of Munlrle$ includlng Ukraino AlghaniBtan. The Ukrainlan nurnb8rs hav8 gone down slighlty aB Ihey have fflovod on, gettin9 work or movlng away. We atso hv4V• a nurtitsr of local vukn•raWe p00ple Irom ih• $urrovrKllng area who feel sale hgre. This number has In¢r9¥8gd ovor Ihg la$1 ygar. Thg Engl$h larvJuage $&0$ wlinue and the 1$ Ilme lo chal over lunch. We contlnu? lo provlde a m¢etirvJ Flac• tor variw8 Ofoanl$ation8. Ex?r¢l$? clas3 mo01$ each MondAy. This 15 for obJ•r mombBiS In the cornrnunlty. Judo rneels In th• alt•rnoen illl early evoning. The Cenwe Is atso a moelno place where doffn11a sutforer$ and ththi carers meel once a monlh. A demenlia group rneels once a week in the loungg. Collee and Chal mernbers rnt In our leunge every week 1h the exceptlon ot an oullng 10 one of Ihe th41 collee ¥hop$ onc8 a month. We also have 8 eraft grwp whh m•et5 •VOry Iwo woohs and of cour$o tht Guikl mtrfjts •vory olhor Iwo week5 from S8p18rnb8r lo M2rchlAw'l. During lh8 year under r8v48w Sl Johns Guik4 have led up th cal Old. W• are now Ihe Cupar Gvikl and have a rn8ffjb•rshlp ot thirty u5 rnemrs.
Cwr Old and Sl Mlehad ol T•rvlt Patl•h ¢hur¢h lof S¢•tl•nd> Tru¥t•o¥' Rgport Y••r •ndod 31 Docemlpv 2023 A¢h4•v•mnts •nd P•rform•nc• Icontlnu•dl Warm Spa¢e$ lun¢ho$ hdd on Mondays 3lillvgry poP0r and as many as lorty pecpie r8gularty attend and enjoy homemade soup and a chai wilh others. The Okl Parish Centre 1$ Stil altractino new groups, either as a onfrolf meeling, or on a r8wlar basis. VIR•n¢l•l R•vl•w Results lor the Year endod 31 D8C8rnbor 2025 are very much kn line wllh exp8clallon6 at Ihe tegnning ol the y•ar under revlew. Incorn• lor lh• y•ar amount•d 10 £136,314 comw•d 10 £147,964 lor lh• pr•vlou$ yaar. Ajihough an overall decrease In incomg 01 e11.650. Standlng Orders r8C8N&d during tho year have Id upw•ll with th8 ligure shown 01 £71.257 increasing by £1.788. Ihis wurc• ot Ineomo roPWgeni$ 75% 01 our r8gular I¢¥0 il Is ess¢nlial that Ihis sourc8 remaTr8 reason8Y consislenl year on year 80 Wo ¢an plan ahead. thher Olt•riw$ hov• d•cr•os•d by £8,132 10 a toial of £859 rn$ulling Irom lh• poslponem•nt of Grft Day duo lo several olh8r app8al8 carrled out wtlhin the year. No legw incemo wai recefved In the •r, a rtrjuciion 01 £7.000 Irom las y•ai. ParSsh Centre rent$ have dson sll(thily, Ihe amouni 01 £17,728 shows an In¢roase of £1,478. Whilst our hire rate5 are very cornpeliliv8, and our facilities are regarded g# lirst clas5. Irom th8 limi18d deiall$ availatsk11 Is vlrtually Impo$$lble kn ealculai• how much Ineomo, 11 any, Iho50 r•ni$ brlno Into the chuich. In lacl, il may wo11 bg thal Ihe h411 15 running at a lo$$ bul d8cision$ on Ihe u$• ol this h811 and Others in the n•w clusier wlll havo 10 bo madv whon the unlon lth•8 place. Wg havo al801)9gn to recov?r £21,509 5wn a$ Gfft Ald- jllhough kncludgd In Ihts surn 1$ e2,000 or GASDS which 1$ a vari8nl of Gilt Aid. Just as dontttims lor 2024 and 2025 ar• very Jlmthr, io ar• th• Bmounts r•covered on th¢80 donalbns. Sifflilar lo olhor chBrili•s and organisallons, ow oxpons05 have svanilicunlly i•aed during 2025. EN)èndilum durfng Iho y•ar hal ine18ay largdy to i num1 of r•pair$ tyjl. Th• total lof 2025 has rlson Irom £135,487 in 2024 10 ¢162,333 duilng 2025- an Incr$9 of £26,846 or lust under 20%. Repairs amounted lo É28.653, an incr88S8 01 £18.231 Irom 2024, #pmad among $tvtr81 il•m$ In¢ludln9 tI0,200 spgni on ne boiler$ ant1 £9,000 lo repalr Ihe boundary wall. Olh8r laroer incrgasgs ITh expenditure came from our GNing to Glow conlribulions- up by £4.632 and unsUrIs1n9IY cosis lor eneroy have Increa$e<l by £2.9e2. Whan Ihese and other costs are added together, Ihey lolal £162,333 and when Ihis ligur8 is deducted Irom the total incorn¢ liquié of £136.314, w¢ ar•1gft wllh a del11 ol t26.019 lor 2025124- £12,477 surF4usl. Whèn thi$ figure Is deduciod Irom our luncls ol £100,862 on 1 Januwy. w• now $how iotal Ivni15 arnourtr14no lo £74,843 al 31 December 2025. Finally, based on inforrnat¥Jn avallat4e lo dale our costs Iw 2026 are likèly to rod# as laro• r8palrs arv now comp1* ak)ng with thB holding ol a Gilt Day, income 8houlL1 increas• ln9 lor rdwn to a surF4us for the y88r,
Cupar Old and 8t Mlchad •f Trvlt Parlah Clwrch (of Scotland Tru•tee•' Report Y•ar •nd•d 31 D•c•mb•r 2025 In1M•t P•ll¢y •nd P•rfornian No inveslmenls are cuNenlly holtl. Tho Iruslees have 86sessed the malor risks lo whKh tho charity is eKFQSed and se¢k lo addre$$ Ihe risks with th8 appropriait acilon. Th• pnCipal risks facing the chariiy a r8ducin9 and agolng eongrogaiton although our Sunday Club has shown a slight incr8a58 in numb8 lor tho lirsl tlm8 In many years. How8ver, we bve ai a lirne ol increasing secularisation In d81 communily dlffully In allraeiing ytyjngei pgopb Into th8 Church, ond Iho risk ol falliThJ incorne. None ol Ihe8e iisks are uniquo lo Cupar Old and w& hoptr aTrJ believe that tho Church 11 08 agn be al Ihv conlre ol the Chrlsllgn cornmunity. R•••ry•• hll¢y Havlno achiev8d our aim ol allairmnu r888rwe8 In exc¢$8 01 £80,000 Ilurlno 2023 and exc8edlng £100,000 in 2024. ouf deficll lor lh8 y88r ha$ r•$uh•d in lallkng below our ieserve alm. Al 310ecemb8r 2025 we held roserv83 01 £74,843 ot whleh £71.773 was In cash. Al thai dale we also unr•51ricled lund$ of £70,803 01 which £2,032 has b8en dg$vJnalod loroth01 funds. Th• Church also held £4,040 01 r¢$idct8d funds, whkh have bgon prov lor lh• purpose 8pecili8d In Not• 14. •tniclur•• Ow•rn•nc• •nd M•fi•¥•ffl•nt Th8 ¢Cngr•g&itirt is a r•g15t8ied ch8rlly, nuthi SCO13123 and Is a¢Jm5niii•¥•¢Y Sn accorda wllh the ierms ol tho ouoad omnia con511iullon and L8 $ubl•ci 10 th• Acts and R8gulBllorvd ol lh8 Ggnoral Assèmb of the Church of Scotland. Members ol Ihe Kirk S•s$lon ar• Ihe charlty Irusl¢e$. The Klrk So$slon momberB are the ellers ol Ihg hurch and ar? ¢ho$en from ihoBe membgrs ol the ¢hurch who are consklBied lo hav8 Ihe aFvopfi81• girts and $klll•. The mSnlil•r, who16 8 memb•r ol th• Kirk Se$iion, li •l•ciod by eoThJregalioTh and Induelod by Pr•$brY. Th• KI Seislon m••18 lirn•$ a y•u, and Is chalr•d by Iho mlnlster. tt 1$ rosponslblo lor 8plrftI affairs wllhln Ihe chureh. C&rtain respon8+ll1V4S are dd•galed lo the Flnanc• Committ•• And the Proporty C¢mmlMèé as 8pproprlal8 The essenti81 ml• of th? Klrt( Session is to oversee Ihe wk ol Ihe church I11n ils Parith and lh• wldor communlly. This 15 afl8¢19(I by Ih? $wrvlsth ol all chjrch aclivlilès includlng th8 pasloral care ol all memb8r8 and Iha car? of 01 Iho ehur¢h ytyjlh grow rn••llryJ in wr hal. R•l•r•Re• •nd Admlnl•tr•tlv• lrfwm•tl•n ChaAly Namo.. ypar Cld & Sl Mkhael ol TaNIt Parish Chureh lol Scotkndl Charfly Aeoisiratlon Nur18r.. SC013123 Conw•gatlon Rfrler•n No.. 281590 Cla Addros$'. 10 Park Cupar KY15 5DB
Cupar Old and Sl M1¢hl of Tarvlt Parlsh Chwch {•f S¢otlnd) Try•tee•' R•port Ywr •nd•d 31 D•c•mb•r 2025 Trn¥t••¥ The lollwing $eNe<l from 1 Janu8ry 2025 Rev Jeff Martin, Mr8 Jgan MartSn ISès$ioTr Clethl, Mr David St8venson ITr•asuferl. •Jrs Cela Armilage. Mr$ Eleanor 8arbour. Mr Euan Barbour (to 7 November 20251, Dr Gera Burnell, Klrs Cath Cartw. Mrs Jan•1 Conn811, Mrs GbrLq Fergu$on, Mr Haml$h F&rou$oD, Mr8 H818n Gaukl. Mr$ J6nny Gilchrisl, Mi Jame8 Hanson, Mr$ Gillan Kemp. Mrs Sheila Le8110 25 May 20251, Mr Golin Mgclean. Mr Arthur M8rt1n, PAr$ Frae5 McBrhle. Miss Patricia IAilch&ll, hAr Rkhard Mottram, Mrs Sally k4ottram, Mrs Naoml Rcbertson, Mrs Ell88n Spurr. Mrs Su$an Wall, Mrs Hilary W8bb110 l March 20251. Mrs Hazel York. MrJohn M¢Farfano (from 24 August 20251, Mr$ Elizab•ih McF8dane ltrorn 24 Auausl 20251. Mr Gary Smbth Ilrom 24 Augus120251, Urs Ruth Anderson Ifrorn 24 August 20251, Mr D0Tha Pd8y Ilrorn 24 August 20251, Mr& Mary Sinclair ltrom 25 August 20251. PrfnGlp•l OfflG••b•ar•r• Minl$ler'. Rev Jell K4arb'n S¢$81on Clerk.. Mr8 Jean Manir Chwch Trnasur•r'. Mr Davbj Sl•verbson Ind•p•nd•nl Mr Matthew Slfulh8rs BA. CA. Her¥lgrson 8la¢k & Co. Ed•Trbank Hous• 22 Cros8Qal8 Cupar KY15 5HW B*nk•v• Poyal eart of Scoiiand 3 Falkland G819 Glènrolhe6 KY7 5NS Trn•t••• ft••pw•lblll¢l•• In R•l•tlon lo th• Fln•ncJal •t•t•m•nt• The law appllcablt 10 charltk95 In S¢otland iequlrts Ihe charlly Irusteo8 lo prepare Nnonclal siai•m•nis for eaeh year whkh show a tru8 anJ laii vi•w ol lh• $late ol affairs ol Ihe ¢harty and ol Iho income and •xpendilure of Ihecharily lor Ihal porlod. In preparing the financial 8lalemgni6. Ihe Iru51ee5 are requlred loct $ullObb BCcoun.n9 pdicl•8 and Ihvn #pply them consisl8nlly.' obJ•rye th8 method 8nd princlpla8 In lh• appl9 Chariuos SORP., makeludgements and g$tlmates Ihol ore rga50nable and PA0n1', $lale whelher appl29 accounting $i#ndards and stalemgnts ol rKomm•nd8d practice ¥8 been lollowed. sbject lo any departures db¢lwed explained in the finandal 818temenls,' epare Iho Slalernenls en the goinu ¢onceFn basis Un58 rf is In8pproprlal8 io pre$umo Ihai lh• Charty will conlknue in opw4llonal exisietK•
Cupar Old and St Ml¢hwl •f Tarvlt Pavlsh Glw¢h lof Scotlandl Trust••#' R•port Y•ar •nd•d 31 D•c•mb•r 202J Thit•u R•¥ponslbllltlM lrt R4114> to tl PItt•neI Jt•t•m•nts l¢oth¥nwidl Th8 Irusteg$ aro r•spon8iblg lor ko¢ping proppr aceounling r8corJ$ whlch di$¢lose wlh rea8on8ty• accuracy at any limo the 'na[la1 posliion ol thè ¢harily and lo enablè Ihem to ensure that th8 linancial statemen1$ compty th the Chwies and TNstee Inveslm&nl IS¢oikndl Act 200S and Ihg CharS1i0$ Account$ IScoiL4ndl Regula0$ 2006 las amendedl. They arg $0 iosponslble for saleouardinu Ihe ass81$ ol th8 charlty and honce lor iaklng reasonable sieps lor the prevention and deieetion of fraud othèr irregularlli¢8. Tho twstees ar• re$ponsiUe ihe maintsnance and Ini•grfty of Ihe charity and fthanclal Informallon on the congr8gaiion's Webs8. LegSslallon kn th8 United King&)m govorniThJ the preparation and dis88mlnalhn ol financi41 $lalemeni8 may dbffer Irornlogislation In olher jurisdtIon$. Approved by the Trusle8B or* 21 Klay 2026 and 51gn8d on Ihelr bghaN. Mthrtln, ii•••lon Clttk
CUPAR OLD AND ST MICHAEL OF TARVIT PARISH CHURCH (OF SCOTLANDI INDEPENDEMf EXAMIt4ER'S REPORT TO THE TRUSTEES OF CUPAR OLD AND ST MICHAEL OF TARVIT PARISH CHURCH {OF SCOTLANDI YEAR ENDED 31 DECEMBER 2025 I rewl on th• aeeounts ol the ¢harily lor the yaar •nd8d 31 D¢¢mber 2025 which afe Set out on pagas 7 to 16. R•p•¢ilv• rnJpon•lblllll•• ol tru•¢o•$ ond •xamlnor The charitys trustees are responsibk8 for Ihe preparation ol Ihe aceounls in aecordance with Ihe lerms ol Ihe Charib'es and Trustèe Invèstmont Iscotkndl Acl 2005 ond tho Charilie3 Accounts Iscollandl Règulaty'ons 2006 las amended). The charlty trusi••s eonsid8r thal the audit iequlremènl of Rggulalion fOI11 lal lo Icl of the Accounts Regulation5 do¢8 not awy. 11 is my responsIlity to •xamine Ih? accounts as requlrad undgr s•ction 441111¢> ol th? Act and to stalo whelher partkular marttr¥ have corng lo my attenth)n. TNS report Ss madè to lh8 trustees, as a body, In aecordanc8 vAth the lermB of rny 8ngaqemant. My work WAS undgrtaken so that l rnighl stat• rts thg trustees those matters l am roqulr•d to stalo lo them In an Sndep&ndonl gxamSnarfs roport and for no other purpose. To the fulbsl exlent permitled bylaw, I do nol accept or assurne responsibillty to anyon• Olh•r than Ihe Church and the Iru818•s lor my or lor this roport. 8••1• ol Indep•nd•nt •x•mlMr'• •l•t•m•nt My exarninalion +s carried out In ae¢¢rdance vAlh Regulallon 1101 the Charllles count8 (Scotlandl Regulallons 26 las am•ndadl. An •x4mination Incl10$ a rwi•w of th a¢counlin9 records kept by th• eharity and & compariscrt of th• a¢¢ounts presented with th¢yag r•¢or(Is. 11 also includes consldgr8llon ol any unusual item3 or disc103urey in thg acco¢Jnls, and sèèks 8xpIBnations liom the truste89 cone•rnin9 any such mallers. Th8 wocodur•s undèrtgkgn ¢Jo not provk1• al the evidence Ihal would b8 fsqulred In an alIt. and eons•quently I do ntx owess an audit opinlon on the vSew gen by Ihtr a¢¢ounts. Ind•pond•n¢ exarnln•r'• 8tat•m•nt In Ihe courso ol my 8xamlnalon. no matt•r has eom• 10 my aN?nllon'. whlch glv•8 me reasonable eaus• to b•ligVg in any material resp•ct th& rgqu5romtrni$.' lo keèp •¢counlin9 records in accordan¢¢ with S•¢iion 44111 lal ol the 2005 Act and Règulalion 4 of Ihe 2006 Accounts Reoulallons, and to prepar8 accounts whi¢h a¢¢ord ¥th tho accounllng reco8 and ¢omply wilh Re9(atn 8 01 the 2006 A¢vrtIs Regulatlons hav• rnl beon met, or to whlch, in my oplnlon, attsnlion should b• drawn In ordr lo enable a proper understandlng ol the a¢¢ounl$ io b? r?a¢hed. Matth8w Strulh8r5 EA CA Partn&r Hendoison Black & Co Chart•rod Accountants Ed•nbank House 22 Crossyatè CUPAR File KYIS SHW * Ja6 2026
CUPAR OLD AND ST MICHAEL OF TARVIT PARISH CHURCH IOF SCOTLAND) STATEMENT OF FINANCIAL AcTrvmES YÈAFI ENDED 31 DECEMBER 2025 UNgstrki4d R•8trlct•d Funds Funds 2025 unrJtrIet Retriei•d Fund# Fund• 2024 2024 Total Total 2024 OonBlions and aCle8 Charllable acllvllies Olh81 Iradlng aclivrties Invostmenl incom• Grant Irom File Couril 109.208 6.474 17,726 1,047 206 109,414 1,653 8,127 17,726 1.047 123.106 5,604 16,248 1.450 105 123,211 951 6,555 16.248 1.450 soo Totil Inwffl• 134.455 136314 146408 1.556 Exp•ndllUf• on: Raising lund5 Charllable acllvttlos T•t•l •xp•ndltix• 132 160,134 160.2 132 2.067 162,201 2.067 162.333 255 133,116 13337t 25S 2,116 135.232 2.116 135487 N•t Incom•loxp?ndltw• 125,8111 IW81 126,0191 13,037 15601 12,477 Tran8f8r8 bthe•n funds 2QO 12001 18001 800 N•1 mov•m•nt In ld 25.611 26.019 12.237 240 12,477 R•e¢)n¢lllatbon of fund• TO1 lundj brought loNMrd 4 448 100,862 84.177 4,2Q8 88.385 Tolal lund8 tarrf•(I forward 4.040 74.843 100.862
CUPAR OLD AND ST MICHAEL OFTARVIT PARISH CHURCH (OF SCOTLANDI 8ALANCE SHEET AS AT 31 DECEMBER 2025 Unrn4trl¢¢ed Aestrkled Funds Fund• 2025 2025 Unr•strf¢t•d R•#irfet•d Funds Fund• 2024 Tot1 Totsi Not• Tan9ible fixed assets 2,43Q 19 19 Total Ilx•d as8•t• 2.430 2,430 19 19 Curr•nl •$1• Debtors and propaymgn15 Cash at bank and in hand Tot•1 ¢urr•nl M•l 11 8,386 8.386 71.773 80,159 11,559 92,692 104,251 11,559 4.M8 97,140 4.448 108,899 76,119 4.040 Uabllltl•# Credilofs.. Arnounl$ fallin9 du• wlthln or yew N•t currnDI ••wts 12 17.7461 68,373 17,7461 72,413 17.8561 96,395 17.8S61 4,448 100,843 T11 n•t a•••l• 70.803 74,843 96.414 4,448 100.862 Tot•1 ¢h•vlty 14 96,414 4.448 100,862 The accoLtnt$ worv approved by Iho Kirk Session on 21 May WJ26. Fov and on b•hatt el lh• Klrk Ses6kJn J•&n 8 Martln, S••*h)n Cl• DA si0vern, Treasurer
CUPAR OLD ANO ST MICHAEL OF TARVIT PARISH CHUACH (OF SCOTLAND) NOTES FORMING PART OF THE FANCIAL STATEMENTS YEAR ENDED 31 DECEIIBER 2025 Ac¢ountlng Pollel•• Cupar Okl and St Michael ol TaNil Parfsh Chureh lol ScoilaThYI is a regi51ered charity wilh Ihe OlfKe ol the Scottigh Charity Regulator. The contact athlress is 10 Holly Park, Cupar, KYI S 5DB. The piincipal a¢¢ounling pol19$, whh have been applied consislentty in the current pracodiro year In dealing with item$ whl¢h are ¢on$id•r¥d matsrial to the account$, are 3vJt out bok)w. BaBl$ of Proporaon The financial stai0rn0nt$ ha been prepared in aecordance with Aceounts'ng R•portlno by Charllle6.' Statement of Aecomm&Nl8d Practic¢ appli¢ab19 to charifjes prepbring Iheir accounts in aceordanc8 wSlh the Flnancial Repon9 Standards applicablg In the UK and Rgpublk of Ir8land IFRS 1021 lelfective 1 January 20191 Ichaiilies SORP IFRS 1021 and the Financial Reporting Standard 8pplicablg in Ihe UK and Republ ol Ireland IFRS 1021, the Charities and Tru8le• Investm•nl (Scollandl Act 2005 and th9 Charhias A¢eount$ IS¢otJantJl Regulation$ 2006 las amendedl. Cupar Old and Sl Ml¢hA•l ol Tarwt Parish chh conslitules a publSc b8ngllt 8nb"ly. The Tru3lees consider that th8r• ai8 no malèrial unc•rtalnlès thai W0d Igad Ihem to question t charSlls ablllty lo conllnu• a$ a going Orn. Th• Ilnanclal 5talement8 are piepared in slorllng, 1¢h Is lh• Ivnclonal ¢urr?rY ol lh8 ehodty, aNI thè arnounts roportod are roLtndod 10 th• nè4ro#t t. Fund• Funds are classified as •llh•r r•stricl•d lunds or unreslricled lunds. defined as follow6.. Aeslrt8d lunds ar lund$ sle¢¢ to specSlk requiremenls as lo th8lr use whkh moy b8 declar8(I by the donor or vlth Ih8lr authoilty or crèal8d through Itgal procè$s06, lyjt still within the der objects of thè ehaiity. Unreslr4cl8d funds are expandabl• al tr• dllcrollon ol Ihe iru8ieè$ In tvrthèrance ol Ihe objecls ol the charity. 11 part5 01 th8 unre$trtcted luNls are earrnark8d al th6 dlser8l+on ol tho Irust•as lor a partlcular purpose. they are dgslgnalod as a sèparAle fund. Thi$ ¢Jg3ignalbn has an adminlslralive pu)$8 only and doos ngt legally reslrlcl Ihe IruBle8s' dlscrolon to aFWy the fund. In¢•m• Al donAik)n$ and gfft$ are Included wllhln Income under either unreslrieled or r8sirlci•d lunds aceordu)9 lo the lorms und•r whleh lh• donation 18 made and when Ihe amounl can be quanlilled wth reasonable ¢ertalnty. Donallons a1 gffts In klnd Are tKought Into th• aceounts at thslr mark Yye to Ih? ¢harity. Granl Income ig recognlsed when r•c8lvat4•, wh8r• thèra Is sUfflent edence ol enlemeTht lo11, Ihe p4nounl du• can r81iabty mea6ured rec8lpt is eertaln. Whero granls are relaitd 10 parformènc•, incorn8 is accounted for as the chadty frawns the rfghi to eonsideralion by ils perto¥mance. Exp•ndllur• Expgnditurè Is r•cognls•d on an a¢¢ruals ba815 a3 thg IlabS1ty Is Inr#Jrred. T•xtlon Cupar Okl and St Mleha810l TaNt Parish Chureh lol Seoii8ThJl Is rscognlsed as a charlty loi the PUIPOS95 01 applicable laxation legislation and Is therfrfore not subjecl to taxation on ils chariiabla activllies. The charlly is nol r•#islèrgd lor VAT and expgnditvre Iherelore indudes irrecoverable inpul VAT. VAT rglunds re1Ve¢j undor Ihe knsled Places ol WorsNp Grant Sch•rn8 are no11 ¢ff Ihe &xp&ndrfure lo which they r•latg.
CUPAR OLD ANO ST MICHAEL OF TAAVIT PARISH CHURCH (OF SCOTLANDI NOTES FORMING PART OF THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 1 Ac¢ountlng Pollcl•• {¢ontlnuod) Donat•d ••rél¢• facwltles Donated professional swvices and donated lacilili8s are recogThsed as Incorne when tha charSty has control over the rtem, any conditions associated wlh the donated item bg?n rnel, the recepl ol oconomlc tenelll from the use by the chanty ol Iht ilom is proba8 and Ihat economlc bènefll eBn be measured rel1y. In aecordanc8 ¥th Ihe Charili•s SORP IFRS1021 Ihg ggneral volunteer timo 01 ¢onoregalion rnembers is nol recoonised. On rgceLDI. donaled prolos81on81 $grylces and donated lacSlltl88 ar• r•eoonisod on th basis ol the valuo ol thè gift to lh8 charity whkh Is tho amount tho charity would have been willing lo pay to obiain $ervices or facilities ol eqU[vani è¢onomic bgnelil on the op8n markot. a corrgspoTrJing amount Is than re¢oonl$g<1 as expenditure in Ihe perlod ol recelpl. Fln•Trcl•l In•lrum•nts FinAncial inslrumenls are recoonis8d in tho ¢harityB balance sheet when the charity bècomes party lo tha contraetual provlsbns 91 Ihe Inslrumenl. Baslc Ilnaneial a$sgts includ8 debtors and eash and bAfbk balarscesl a+xl basK Iinanclal 1Sabllib'es (which includ8 creditors) arè inilialty mèasufgd at the arnounl roc•Nabl• or payable induding any transaction eosls and ar¢ subsequently carried at Amort150d ¢ost U51ng the ellectlv8 Ini8fest melhod. Basic linancial assetsniabillll8s, classiliÈ<l 03 receivabllpayabla thIft on• y&4r. are nol amortisgd. Int•r••t r•c•lv•bl• Interèst on lund¥ on dewjsil Is Includ8d when receivable aKI Ihe amount can b• r81iably moasured by th8 charlty,. this is normally uwn notilication ol Iha intor6sl paid or payable by the bank. Tanolbl• flx•d •u•l The eharity has thg righl to occupy and us8 lor Its ¢haritabl• obie¢is certaln langJl8 Ilx8d ass81s, ludlng Ihe Church, hall and mAns•, vesled In the Church ol Scoiian¢J Goneral Trus1$. No consmlgraiion Is payablg for thg use ol Ihese as$èts. EXndIture tncurred on the repalr and mainlenan¢e ol Ihese ass•ls is eh4rged a$ expenth'lure In lh• stalemenl ol linan¢ial al¥ltIeS in tho p•rlc41 which the Ilabj'lty arises. Tanglble fixed ass8ts cosllng in ex¢$$ 01 £10) havlng a value lo thè eharity 9reaior than one year are eapitalis•d. D&prKialion to write oll th8 cosi or inilrdl value of langiNe lixed ass?Is over Ihlr ¢$ts'maied Useful Ilves18 as follows.. Olllc• and other wulpment- 5 years straight line 2 Judg•m•nts •nd k•y •oure•• ol •Jtlmatlon unc•rtalnty In Ihe application ol Ihe chariws a¢¢ouniin9 policies Ihe Trusloes ar• r8qulred to make judgernent$. eslmaiès and Assumpiions about Ihe Carn9 amtyjnt of as58ts and liabilrties Ihal are Th)1 reaf1ily apparent Irorn other sources. Thè SM810$ and associated assurnpllons af• based on hislorScal xpeii&nce and other faclors Ihal are consid&r8d lo be rglgvanl. Aclual resulls May dlffor liom th898 08tirnales. The gsts'maigs and Undeng assurnpiion$ af revlèw on an ongolng basls. R•510n8 to a¢countlr estimales ar• r•cogni58d in the period in which tho •stimaie Is r•vis8d where the revision aftecls onty thai pèr*)d, or in the perbd ol r6visSon And future pgriods Whe the r8vlsk)n All$cts bolh currenl and fulufe perbds. io
CUPAR OLD AND ST MICHAEL OF TARNvf PARISH CHUIICH IOF SCOTLANDI NOTÉS FORMING PART OF THE FITrIANCIAL STATEMwrs YEAR ENDEO 31 DECEUBER 2025 Unr••tvl¢i•d RMtrl¢t•d Funds Fund• 2W25 2025 Unr••tflct•d Rg•lrlctod Fund• nd• 2024 2024 Tolal 2024 2025 J Donallon• and l•ga¢l Offeriry envdop8S Dlre¢t bank (k)naiion$ Ordinary off¢Fino$ (open plaiel Tax roctsvered on (knnalio Holklay cknb 0th8r orrertnys and donation8 L•gaci08 8,969 71.2S7 6.760 21,509 8,969 71,257 6.760 21,569 9.584 69.469 5,860 22,252 9.594 69.469 5,860 22,282 75 8,991 7,0 75 713 146 859 8,991 7,000 4 Inc0 Irorn ¢h•rfl•bl• 11••• Waddlngs ond lun•r4ls Tea. comee and lunchas le wwj Work 2.2SO 4.122 102 2250 4.122 102 1,653 1,650 3.870 84 1,650 3.870 1,653 951 ,604 S In¢w• fr•m h•1 ir*dno •Ctbvhl•4 U80 01 Premlsg8 17,726 17,726 1fj,248 16.248 6 Inv••tm•nl Incorn• Bonk and d4p¢sll ini•r•st 1,047 1,047 1,450 1.450
CIIPAR OLD ST kllCHAEL OF TAIWIT PARISH CHURCH IOF SCOTLAND) NOTES FORMING PAFIT OF THE FINANCIAL STATEMEKrs YEAR ENDED 31 DECEM8EA 202S U4W•tylcl•tl R••trfdod Funth Fwd• 2025 Ilnro•trlctad A••lrl¢i•rf Fund• Fund• 2024 2024 Toi•l 2025 Total 7 An•ly•l• ol •xp•ndltur• RiisSng lund& Oflerlry 8nv8kp85 132 132 132 132 255 256 255 Char1tl• •etlvltl slg ID Grow (see nole 151 Pre5bry dues MiTh8t8r and ILAn Iravgl Minl8ler'y 1818phono gnd other exe$ Pulpit surwv Salarfes Fat¢ ropalrn and maInler M&ns8 rèp&lr$ Pro1•551onal le98 H8at aNI Ilghl Insur8nc• Man$• ¢¢un¢il tax Prfnl, stalionory, wySng ond &e51g Kitthen and loilel Sup181 Td¢phon• and Int•rr•t Sunday cbjb Iday club Bank chai& Hymn books aTrJ ts0$ Other donaiion$ Life and Work pUh8$0 ol suWI¢ l>Jild Ind•pwthnl ox4mlni¢)n f•• Oth•r exF4ndllure EquW))oni deprla11)n 65,725 2.656 2,247 520 309 23,918 27.161 1,492 65.725 2.858 2,247 $20 309 23.918 27.161 1,492 61,092 2.656 61,092 2,656 2,218 637 637 21,931 8.611 21.931 2,630 9.244 9,212 1.808 2,630 9.744 9.212 I,8 12,646 tO,307 1,952 12.646 10.307 1.952 500 2.336 2,336 1,261 1.186 2.466 2,466 1.645 1.169 827 571 1.169 827 571 1Ja 60 200 200 102 376 1,334 1,998 2,898 2C4) 102 376 1,334 1.914 2,910 1,914 2,910 2,898 603 160.IJ4 2,067 162.201 2 116 ?35.232 Total •xp•ndhur• 160,266 2,067 162.33 135,481 &Jpwrt W818 hav• not been seporaly Idwufled a• Ihe tW11088 ¢on$kr Ih8re18 only one charflaN• 4¢tivily and Iher•loro support costs r•lal• wholly10 Ihai •¢livity. 12
CUPAR OLD AND ST kllCHAEL OF TARvrr PARISH CHURCH (OF S¢OTLAI NOTES FORMING PART OFTHE FINANCIAL STATEIEpns YEAR ENDED 31 DECEMBER 2025 a Stall ¢o•ts •nd numbera 2025 2024 Solarfe$ and wage5 Social s8cudty cost$ Totsi 23,918 21,931 23.918 21.931 No am0Y•0 rVed remunerabon In &xctrss 01 £60.0). The 8vwao¢ nurnber ol omrA0yS durlng Ihg year, c8kulaled on th• ba$ii ol a head counl, B5 a6 fdkn¥s'. 2025 X124 Admlnislrallon Organi81 8&adk Premiie$ malnt•nan¢8 All Church ol Scollar•Y ¢Ngrngalions conlrfbule lo lh8 Naloml Stipend Fund wN¢h b•ar5 th• ¢o$tJ ol all mlnlsler&' slip8nd8 aNI ornployer's cont1)n& nallonal Insurance, p8nsion ar houslng and loan fund. Mln15ters' Sllpend$ ir• Pa In accofdgt vllh the nat 81ipend SC8te, Wttich is ¥•lai¢d lo years ol servko. For the year und•r i•vi8W lh& mSnimum 511pond was £32,433 and the m•Kimum Slipond lillh an(1 $thoquonl y•arsl £39,956. 9 Tru•t•• •xp•n•••, r•muMMtlon anrt r•l•t•d rtY tr•nucllon• During Ih• yw eMp&ns•$ 01 £4,720 re pAk11fj on• liu$iM tfav•l, wun¢l lax, l•l•phon8 and olher exp•ns8s12024 £4.713 to one Iw$tè•l. No IDJsto9 or • pw$on rdai8d lo a trn8ieg r•¢thved any remuner4llon ry had Any lnal Inl•r•Bt in any Oih•r ¢onlra¢t ¢1 transaction •nl•v•d inio by Iho chBrlly in lh• y•ir undDr r•w•w. A tolal or £37,76012024 £33,OS81 wai d¢nai•d durfng the y8ar10 Ihg ¢hwty by lh• tru8teoo. 13
CUPAR OLD AtrID ST MICHAEL OF TAHVTh PARISH ¢HUR¢H (OF SCOTLAND) NOTES FORMING PART OFTHE FIN&V4CIAL STATEIAETr¥rs YEAR ENDED 31 DECEMBER 2025 10 Tanglble Ilxed ••et• ONI¢• •nd oth •qutpment 2024 •nd •lh•r •gulpm•nt Cts¥i Al l January 2025 Athjilions At 31 Docèmbw 2025 68.365 3,014 71.379 68a65 68.365 Arturnul•l•d dw•clatk At l January 2025 Charge loi year Al 31 D8¢ember 2025 88.346 603 68,949 Not book vlu• At 31 Doe•mbor 2025 2.430 19 At 31 Decernber 2024 19 19 11 D•btor• •nd pr•p•yffl•n¢• 2025 Debtor- Gift D¢blor- hall renids Oih•rthbtors and pleYMn1# 6,8$1 $49 6.563 12 Cr•dltoN: •mount• 1•115ng du• thIn on• y••r 2024 lThJ8p•nd•nl examinallon fae H981 Ilohl Minlslofs Irav Minlstsrfs relrnbui$omeni• Communlty In Cupar 2,000 312 2,WO 321 535 S,Lb)O S,OQO 13 VoluntMr• In common wilh 411 corvJr8gatlcns ol the Church ol Scolland Ih? congregalhin bonefils Irorn Iho conirlMJlion made by voluni8er$ glvfr Ihelr Ime and iabn15 wllliThJly lor Ihe benefit ol IhB Church. Thé Ji¢as ol ¢ongre981iono1 lile th¢h rely on Ihe ¢ontribullon of volunieers are rTrany and varied and much of the acilvily wouhj h unablg lo ntinUe w918 11 not for Ihg comrniim•ni $hown. 14
CUPAR OLD AND ST MICHAEL OFTARvrr PAAISH CHURCH (OF SCOTLANDI NOTES FORAIING PART OF THE FINANCIAL sTATEME1s YEAR ENDED 31 DECEklBER 2025 14 Mov•m•nt• In Fund• At 31 l>•¢¢mb•r 202S 1 JAnry 2025 Incom• Exp•Nllfvr• TrMsler Unm4trfGl•d fund8 General Fur Fabric Fund Flmi Fund De119 Calé Fund 94,096 134,395 431 352 It59,9201 68,771 431 100 13121 34 160.266 134,455 2CNJ 70.803 R•strkt•d tund• Art Black Fund Gulhl HaY Club Fd DelibrrtLqlor Fthd Wam) Spaco Fund 1,488 1.013 671 1,276 12001 11,3341 15331 1,288 1,192 284 1,276 1,713 146 12001 1.859 2.067 2TrJ lund• 100,116 36.31 Al 31 l J•ThJ•ry 2024 In¢•m• Exp1• Tr•n•lw• D•E•mb•r 2024 UNvtrfd•d fund• General Fund Fabric Fund Flower Fund Dom•niia Calé Fund 82,439 145.290 1132.8331 18001 94.096 431 352 1.535 96.414 687 820 14251 133371 R••trlct•d lund• Anne 81ack Fund Quikl HolaY Club Fun Deli.111 Fund Warm Space Furn1 1,688 1,077 167 1.276 12001 18451 1,488 1,013 671 1.276 981 7$ 12001 1,10 500 (SQOI Totsl lun(t• 385 147,964 1135,4871 15
CUPAH OLO AND ST MICHAEL OF TARVIT PAAISH ¢HUR¢H (OF SCOTLAND) NOTES FORMING PART OF THE FINANCIAL STATEMENTS YEAR ENDED 31 OE¢U48EA 2025 14 MDv•m•nt In lund• (Mntlnuodl OS8s of Unresiricied Funds GenBral Fun¥.. Funds of Ihe church whlch not eOna or rostrithed. Fabrlc Fund.. Th8 L8 a deSIgna lund Iho Trtsiees h•vo Bol a5kle lunds for the malntenance ol FIow9r Fund.. Th1$ 1$ a do$41nat•d lufyj to pro¥e fknvors for disF4oy durlw 8eMC8S a di5tribulion thereall81. Dem&nlla Calé Fund.. Thi$ Is a de5VJThat8d fuTrJ to provKl• r•llel and r•laxollon l¢rd•menii• sullèrers 8nd Ih•ir ¢ar•ts. Pu s rif RaÈtii Anne Black Fund.. This Is a fund lor Iw1$ And rosldents ol Cupar and the surroundlng area, foi Ihg benBlil ol d•s•rvlng indigent rnen and MOn who 810 over 60 ar$ ol 49• ttr ato in ddKal6 h8allh. Tho•• •ull•rino Irorn bliTrJrn8s, dealn•ss or any phy8ical &8th1ily $hall hav• elorer. Guikl Fund.. Thls lund l& lor Ih&th ol Ihg Guik1. Hollday Club Fund.. Thls has èe•n sol up SO Ihai cUr ad, along th thr8• olher Cupar churches. can provide qomgj, gni8rtainm&nl and I¢1110n on in aMu#I basis for 911 you p•0• ilhin th• Cwar ar•a. Dolltffjllalor FuTrJ. Thi> fuTrJ up to wovklo funds lor mainhMne• ol Ihe dolibrilaior sllu&18d ai tho ¢hw¢h. Wami Space Fund.. A grant WaB 18C8fv8d from Flle Coun¢ll lo provldg a warm 8po¢e 4n snack frw of ch4rg¢ lor p•opb within Iho comMulY. 15 Qlvlno to Qrow Alloutloh 2025 Tot#1 allocwtlon Less paid by Slip•nd EndoTn8nl IrKom• LeB& Transltlon fundln9 Amount payableb yr 1• 7 71,935 14,5801 11,6301 69.225 14,6461 13.4881 16 Colrtllom lor thlrd 2025 2024 ChrtsllaTh Ald Wal PoFpy Appeal Dysionia Society Cupat Foodbank 675 100 S20 212 400 59 16