Charty reg6tration numter.. SC013352 Strathmore Parish Church of Scotland Annual Rewt arn1 Fina￿la1 stateTh￿ts Year EThJed 31 De￿ber 2024 Strathmore Parish Church of Scotland Contents Referen￿ arml Admlnlstrali¥e Detsils 2to6 statement of Trustee5' RtspJtsiblllOes Indep*￿ert ExamIne￿S Rep)rt statement of Flrondal Actmt BalarKe Sheet io Notes to the FIna￿l Ststernents lito22 Strathmore Parish Church of Scotland Reference and Admlnlstrative Detsi15 Prlndpal Offlc•-bare Prfndpal Offlc• Charfty Reglstratlon Nunthr SC013352 Bankers Royal Bank of ScrthrKI 14 Alan Street Bkiirgowr Perthshire PHIO 6AB Independert Exarnlner Strathmore Parish Churth of Scotland Trustees. Report The trustees present the arnual re￿ to￿ the finanoal stateM￿ts of ttE tt￿rIty for t year erKlal 31 Decemter 2024. The fina￿la1 staterrEnts have bttn preparal In Kcordar£e wlth the acc￿nting ￿kieS set out In note I to the accounts a￿1 cm)ty with the General Assembty Regulations for CoTrJregath)r￿I Fnance, the Charities arKI Trustee Investrnent (Scotlandl Att 2(Ki5, the Charitte5 Accounts (Scotsnd) Regulati￿ 2006 (as amended) and knnting Rewjrting by Charities: Ststement cl Recornff￿nded Prartke applKat4e to charits iryyarlng ther ￿COUnts in acc(￿dan￿ with the FInar￿la1 Rep)rtng Stsndard appltsble in the LK and Republic of IrelarKI effertKe froml ￿U)ry 2019. Strathmore Parish Church of Scotland Trustees, Report Objectives and athitles The Church of Scotla￿1 55 Trinitsrlan In (kthne, Reform& in tralition a￿1 Pre5trfftrtan In ￿lIty. It exists to glorfy a￿1 to work for the acfvancement of Chri5Ys KIr￿￿n throughout the world. As a national Church, it ackr¥)wledges a distinctive CBII and dLty to brirKJ Ordinan￿ of religion to the Fwple in every parish of So)tlaThJ through a territor￿1 ministry. It cTropernte5 With other Churche5 in varlous ￿Umenka1 t(*Jles Sn Scouand aThJ beyond. These accounts refknt the union of Ardkr, Kettlns arml m￿le (A, K & M) wth Glamls (G), and Bassle, Nevay and Newtyle Parishes (E, N & N) on 1st August 2024 to ftym a w un6ted parish, the Strathmore Parish Church of Scotiand. Trt objects of the Partsh are In 51ne wth ttr#)se of the ChuKh of Sc(thnd ar#J are: l. Offering Christian w￿rShip, fell0￿￿h1p, 1nstnKti￿, misslon, aThl servic£: This encompasses a wide range of xtv5t*s trwlth)nal thurth servtes to sodal outreath and comrnunity engageff*nt. 2. PthandThJ the Kingdom of C￿)d. Thls refers to the Church's commitn*rt to sweadlNJ Chrlstlan falth and value5 Lx)th localty and globally. 3. Brlivjing the ordlnartss of relhJk)n to ts people In e•try partsh of Scotland: This highlights the Church's terrlt(Kkl mlnisty a￿1 Its role In prryrfkllro rellgkyjs ser41ces and guldan across Scodand. In addltlon to these core objecbvts, the Churth of SthrKI also urKkrtakes ackn sKh as: Maklng grants, donathxs, loartsi grfts, or to IndWuaL5: Th6 IrKludes SUPkYJrt for Indmduals In need and tIMise pursulrKJ fvrttw ￿lL￿at￿ or mlnlsty. Maknng grants, donatlons, or gllts to oryanizatlons: Thls involb*s SUp￿)rti￿ otlw charltks ar#J voluntsry Lxjdles that al￿n the Church's mlsslon. Carrying tts IA•m activit￿ a￿1 servtes: Thls Ind￿ pThMllThJ pastrxal care, educatk)n, arKI other servios dlrectty to the puNK. strathmore Parlsh Church of Scotland Trustees. Report The main fccus of 2024 has iEen ￿l￿1r￿j into LEing the n&v Parish of Strathmore. Fonr*&J ￿ the unlon of the parishes of Ardler. Keltir￿ and MeKJle (A,K&M). Eassie, Nevay and Newtyle (E,N&N) and Gbmls, the parlsh came into beirvJ on l August 2024. Tr minister of Eassie, Nevay and Newtyle, the Reverend Cadeen Rottrtson, became tt* minister d the rthy parish. The Klrk Sesslon was fOrn￿d by a selection of Ehjers from the preiKMts padsP*s with the otsr Eklers remaining involved as Elders, but not Twstees. The F￿rISh has L*en I￿ erwh to te allLKabJ an Ordained Lcal Mln15ter, the Rev Tim Pcty, arMI has pJnpbrfed a p3rt time asslstant to help wth admlnlstration. The Parish has maintslned fwr churches a￿1 IKJkls SW41￿ in three of tI￿n e￿ry SU￿, wlth tr exception of the months which have a 5th Survjay, when a fvll parish servKe is hekl in one of the churches. The ￿rk Sesskn have Inltlated diSC￿n on hthv to the Church Missin thrDugh(Mrt new parlsh. The prwistsrvj Guikl branctr& have LX)ntin(*d to operate as has the Sunday School In the Kettlns Church. The admintstrakn r4ulred to ensure the amatymath￿ 15 5ucr£ssful has been addressal, wlth the church roll being combined, a ccfftmunKatkn to all thwch mem1￿5 and proLYsses belng updated and property Inltiated across the Forth. Flnandal re¥l•w These accounts reflect the activltks of the E, N & N Parish for 1st January 2024 to 31st Juty 2024 and then from 1st August 2024 untll 315t DwI￿r 2024 the comtir*d actNths of the new Strathmo Padsh. Donatlons and *ac*s Indude transfer (* Balarfes frrm AK & M ar#J Glamts partstrEs to thls oryanlsatlon on the unlon. The expend5ture Incurred Sn these accounts Irt1￿ 5 months rf cxjsts for tr* new larger parlsh. The charty trustees have cons#lered the reseThes requSred ar￿ have taken Into account thelr current and future liabilities. It is the Trustees, polKy to hold reserves of approximatety nlre ff￿th5 exFeTrJlture Including dwnated fun(ts. At the year eTha the Churth hek1 unrestrfjrt￿ funds of £293,088 of which £3,912 had t￿en designated for fabrk fund. The bala￿ of funds was £289,176, of whlch, held in bank aco)unts was £105,660, aThd whiL# the latter ￿presents rather more than nlne months eXpendrtu￿, ts Tntstees a￿ aware of the rttd to re￿late the Meigle Manse and will n to Use some of the a(klthnal reser¥*s ts thls purrKtse. The church also held £123,797 d restri￿ funds whlch have been prov￿ for the purFL s[Edr￿d in Note 15. The funds of the Parish a￿ invested in funds managed thurch of Scrthnd TNstee5 to manage risk and provlde a return on the sums invested. Other than these fuThts othei furth a￿ held on bank dep%lt. Strathmore Parish Church of ScoUand Trustees. Report Plans for future perlods The Reverend Carfeen Robertson has annwrK&l that she 6 to rtlre on 31 August 2025, so trE fccus of much of the year will be dedkated to ensuring that the parsh Gin call a new minlster as scon as possible. An Interim Mtrjerator has LEen app)inted for the purp)5es of seeing the coThJregatton through the prcws of GilliThJ a new minister, the urthrsti>Jl and rTh underway. The Kl Sesslon has agrttd to emplry the Rerf T p￿ as a krf￿M durlThJ the of vacancrf aThJ he has agreed to tske on the ￿6t. The rwi minister will be accomffK*JabJ in the Meigle Manse the intentK)n is to sell the Ne￿ie Manse, once it Ls vaca￿. The future thurches ts also to be rthed later in the year. The key activty is to pmgress the thas that a￿ effenJirvJ arour#J Prrm￿t￿r￿j the Church's Mlsslon arKI ralslng t￿ profik of the nthv parish anongst ts inhabitsnts, whllst malntalnln9 the servte routlne. The congregation is a regtstered charity, number SC013352 aTrJ is admlnistered In accordano wlth temis of the Model Deed of Constitution (or Deed of Corstlttthn (Unltary Forni)) and Is subJ&t to the Acts ar￿ Regukitknns of the General Assembly cl ts Church of Scouand. Members of the KI￿ Sessth are tr* ch)rty tntstees. Tr Klrk Stsslon members are the ekjers of the church and a￿ chosen fr￿n those members of tre church who a￿ con5klered to have the appropriate glfts and skills. The minister, who ts a member of the Klrk Sessbn, Is elected by the u)ngregatlon a￿1 I￿lucted by p￿bYtery. The Klrk s￿l0n whKh meets slx Umes a year abng wlth the elders are not menbers of the Kirk a￿ re5wtsible for splrltual affalrs wlthln the church. RI￿ management The charity's att￿lt￿5 exFAise It to a nuMt￿r of finandal rlsks IrKI￿11￿J credit rlsK cash flow risk and liquhjity risk. The trLtstees have assessed major risks to whlch the d)atlty Is exFosed and are sat1511ed that s￿5 are In [￿a￿ to MW extxjsure to the nw rtsks. The charity's activtties expose li wrnarify to trE finarKlal tsks ar￿[￿￿ frcffl ts recurrfng eXp￿KI1tUre eJceedirwJ its irKotre. Strathmore Parish Church of Scotland Trustee5' Report The charity's prinapal finanaal assets are bank balar￿S and Investsnents. The c1¥3rlty s uedit risk is primarly attributsble to its inVestsn￿ts. The résks on them s managed by Investlng in funds oreratd by the of ScotkThJ Tr￿tee5. The credit risk on IKiuid funds a￿1 deriwdtibe finarKial instruments is limited becau* the counterparties are banks with hKJh uedit-ratings asggred irtemati(Yo1 uedti-rdting agenaes. In order to malntaln Ilquidlty to ensure that furnts a￿ a41ailable for operatK)ns Jnd future devekJFwnents, the trustee5 IM)kl on Irtstsnt arKI slKxt terni acce55 a balan￿ of fvrth to rneet anticipatèj expernllture. The annL4al rewt was apwov& brf the trLLStees of the dwrfty on 8 Juty 2025 and shJrEd on Its behaff ty.. Paje 6 Strathmore Parish Church of Scotland ststsment of Trustees. Responsibllltles The t￿SteeS are responsible fcy preparing tt* Tr￿ Pnnual Re￿rt arnl the finandal ststsments Sn cordance wth the United Kiwdom Accountirq Stsndards (UnFiBd ￿￿d0M Geng31ty Acceptsj countlng Practte) and applicatle and reguLJtions. The law appltcabÈ to th￿tE5 requires the trust￿5 to prepare flnancial statements for each flnandal year whlch glve a true and fair c( the state of affairs d the dwrty and of the Incornlng resources and apPItati￿ rf re￿urCeS of d￿rity ts that ￿lOd. In prepariThJ flnaKkl stateff£nts,the tru5t*s ae rEqulred to: sekrt suitable accounting t￿l(leS and then appty them con•; obseThe the nEthods and princi* in the Charities SORP; make j￿rnents arKI estimates that are reasonable arAI prudent State whether apFllcable accountin9 stsTrJards have been fdh)W￿, sUb￿t to materlal departures dtscksol explalned In the fina￿lJI statements: and prepare the financlal statements on t￿ coKern bas15 unles5 It ts Inapwopth to presume that the charfty wlll C￿￿TrUe In LAJ51r￿SS. The trustees a￿ restb)nslb* for keeplThJ prq￿ Kcounyro records ttot dlsck6e vAth reasonable accurary at ary time the fiThancial p)sitK)n d the charlty and enable them to ensure that the flnanckl statemerts c(mpty wth the Charilies arKI Investsnait (Scodand) Art 2(X)5, the c￿￿ritIeS Accounts (Scrxland} Rewlations 21))6 (as amended) and provisi¢x6 of the Trust De&l. The trustees are also res4xMsI￿e for 5afeguardirvJ the assets of the charity and hen￿ for tsklng rea￿na￿e steps for prthenuon arKI detec￿ of fraiKI and other Irre￿larit*S. Apwoved by the tnstees of the d)arty on 8 Juty 2025 aTh1 sigr*d on Its tehaff ty: strathmore Parlsh Church of Scotland Independent Examfjner's Report to the trustees of strathmore parlsh Church of Scodand I report on the ￿COUrt$ of the ses for vthth fuThts are to be are as folhm: Purrnse of DeS￿nated FurKIs Fabric FuTrJ: The Trusttts have set aside funds for the malntenarKe of the thurch pp)perties. Glamls Gulhy Fund: The Trustees have set asKle fu￿15 for use ty Glwnls Gulkl. Stone5 Fund: For malntenano of r￿￿orIalS at Newtyk. PurpM)ses of Restrfcted Funds McLeish Robertson Fund: 50% used ftjr dlstritrArth)n * Kettlns, 50% to te u5aJ for Fabr￿ pur[￿Se5. Kettlnslmeigle Guilds. Autormrns groups wfithln the corvJregath)n afflllaied to the Church of thnd Guild, meetiThJ for fellowship and fundrdisifKJ for charitsbk purFoses. Sunday School FuThls: Monies gifted to tre Sunday thl to be used for thelr own purp05e5, tC*Jetr*r with donating to dwritsble (Yganisathxs during the year. Sr￿n￿r Hayes Fund: Used for Im[￿erished and incapacitatoJ c¢ the Parfsh. McLeish Robert%ffi Fund: For the relief of pjverty in the parish. Purpw of Endowment Funds Income from the Lyburn legacy 15 to be used frK Genernl Purposes. Page 21 Strathmore Parish Church of Scotland Notes to the Financial Ststements for the Year Ended 31 December 2024 16Volunteers In comThL)n with all (￿regatIO￿$ of the Church rf Scotland the congregation benefts from the contributK)n made by v(Aunteers who gfve their time and tslents williThJty for the benefit of the Church. The a￿$ of coryregational Ilfe whkh rety on the contribution of vdunteers are many and varied and much of the actNity would be unabSe to continue not ts the commitrnent shown. 17 Collectlon for Thlrd Partles 2024 2023 Poppy Scouand She￿r Foc%lbank 50 1,085 137 Chr15tlan Akl 1,072 283 1,542 Earthquake ApFeal 2,631 18Analysl$ of net asxts 1xtwe￿ funds furbds ftinds Total fund8 2024 Current assets Current Ilabllltles 293,545 456 123,795 15,485 432,826 456 Total ￿ assets 432 370 Endowment funds Restrlctsd funds funds EX￿ndable Total funds 2023 Current assets 19 Related party transactions There were rv) related party tsansXtW￿ In tr* year (rttw th)n stated in rmxe 8. 22 STRATHMORE PARISH CHIIRCH OF SCOTLAND SC013352 APPENDIX FUNDS HELD BY THE CHURCH OF SCOTIAND GENERAL TRUSTEES FOR THE BENEFrr OF THE C.ONGREGATION 2024 21123 Mthrk¢t val￿ o( Balances ai 31 De¢wber 1332 909 2J7837 CrLilii Boluwxs held ai 31 tk¢¢tykr Al 453 229 9%.78( Morket Valuo of BJlJn¢4$ 8131 De¢¢mber 496 44.1 103.112 Cr¢dii Bfjlo￿¢ at 31 Dcc¢mbc¥ CT¢dii Bula￿¢ al 31 DwcmbL¥ 139 (125 This does not fonn p4rt of the A¢counti *nd is tsfjli. for ittforniAtion for the cOn￿￿*110D