THE CHURCH of SCOTLAND
ST. MICHAEL’S CHURCH, INVERESK
REPORT and ACCOUNTS Year December 2023 to November 2024
Congregation Number: 030217
OSCR Registration Number: SC013559
1
St Michael’s Inveresk Musselburgh, Church of Scotland Trustees’ Annual Report Year Ended 30[th] November 2024
The Trustees present the annual report and financial statements of the charity for the year ended 30[th] November 2024. The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the General Assembly Regulations for Congregational Finance, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts ( Scotland) Regulations 2006 (as amended) and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the UK and Republic of Ireland effective from 1[st] January 2019.
Objectives and Activities
The Church of Scotland is Trinitarian in doctrine, Reformed in tradition and Presbyterian in polity. It exists to glorify God and to work for the advancement of Christ’s Kingdom throughout the world. As a national Church, it acknowledges a distinctive call and duty to bring the ordinances of religion to the people in every parish of Scotland through a territorial ministry. It co-operates with other Churches in various ecumenical bodies in Scotland and beyond. This is St. Michael’s over-riding objective and in pursuance of this the Church offers and encourages use of the facilities by several different appropriate organisations. In addition to regular use by our own organisations, the premises are used by the Brownies, Beavers, Scouts, Mums & Toddlers, Exercise Class, the Inveresk Village Society, Musselburgh Horticultural Society, Highland Dancing, the Inner Wheel and the Honest Toun’s Association.
A team of guides offer tours of St Michael’s Church to local organisations and any other interested parties. Open Days ensure that the wider community has an opportunity to see the historic building and hear about the unique features of the Church. These activities have been suspended during the closure of the building.
Achievements and Performance
The year’s activity was constrained by the continuing closure of our main church building, while the ceiling repair costs were compiled and assessed by various Church of Scotland committees.
Throughout the year our regular Sunday services were all held in the Church Hall, with considerable effort put in to accommodating the reduced facilities. The Musselburgh Festival Kirkin’ service had to be moved elsewhere, but the Remembrance service was well attended by local organisations including youth groups and cadets. The annual wreath laying service took place at the war memorial outside St Michael’s on 11[th] November. The Hall also supported funeral services.
The Church Hall continued to fulfil its usual functions without major disruption. Scouts, Cubs and Brownies, Exercise group, Mums and Tots, Highland Dancing, Musselburgh Horticultural Society, and Probus Club have all continued to benefit from the facility. Regular coffee mornings and tea dances were also held throughout the year, as well as private functions.
We also supported children’s activities via Messy Church and Forest Church, in cooperation with the other town churches.
2
St Michael’s Inveresk, Musselburgh Church of Scotland Trustees’ Annual Report (cont.) Year ended 30[th] November 2024
Financial Review
Income and Expenditure
Our total income for the year was £89,456 (£91,451 for 2023). Congregational giving was £49,277 (£49,589 for 2023) with donations attracting Gift Aid of £13,027 (£12,782 for 2023). Income generated from other Charitable Activities totalled £8,763 (£11,822 for 2023).
Total expenditure for the year was £90,016 (£100,326 for 2023).
The £5,513 cost of the major survey of our roof space completed in November 2023 was recovered from the funds held by the Church of Scotland on our behalf, as were two other major items associated with the ceiling repair issue. The result was a small deficit of £560.
Renovation Work
The thorough survey of the Church ceiling and associated roof structure was completed and the report distributed. An unfortunate delay occurred before Presbytery were able to request a full costing and justification for proceeding with a repair, which were also provided.
The cost of insurance and continuing to maintain the utilities for an unused building remains a major burden. The insurance company also insisted that the lightning conductor be replaced with one conforming to latest standards, at a cost of £5994.
The work done so far has led to an improved prospect of effecting the necessary repairs, but no reopening date is yet in sight.
The Church Hall has had no major repair work during the year.
The Manse required a significant roof repair, along with other minor repairs and replacements throughout the year.
Risk Management
The average age of our congregation continues to cause concern, with particular vigilance required on health and safety issues.
Local youth organisations continue to make good use of our Church Hall.
We have been involved in forming a children and families network with the two other Church of Scotland congregations in Musselburgh. This has involved a representative from each church, the presbytery mission officer and one of the ministers (taking it in turns) forming a discussion group, meeting once a month and focussing was on our provision for children and families. St Michael’s first contribution has been to host a Christingles service aimed at families with young children.
3
St Michael’s Inveresk, Musselburgh Church of Scotland Trustees’ Annual Report (cont.) Year ended 30[th] November 2024
Reserves Policy
The Trustees have the responsibility of maintaining in good order and repair a Church building over 200 years old, Church Hall 140 years old, and a Manse. For many years they have thought it prudent and desirable to maintain a Fabric and Reserve fund, which has now been depleted by losses in previous years to about £14,000.
The sale of an old Manse and purchase of the new Manse resulted in a small profit of £26,308, reduced to £14,644 following the upgrading of the Manse, and this has now been largely spent on major repairs to the Church Hall and Manse, as well as the ceiling surveys referred to above. The residue has been added to the proceeds of the St John’s Church sale (initially £163,133), in a fund held by the General Trustees, currently at £163,061, as listed in the Appendix. Access to this fund for any purpose is entirely at the discretion of the Church of Scotland.
Structure, Governance and Management
The congregation is a registered charity, number SC013559 and is administered in accordance with the terms of the Deed of Constitution (Unitary Form) 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 elders of the Church and are chosen from those members of the Church who are considered to have the appropriate gifts and skills. The Minister, who is a member of the Kirk Session, is elected by the congregation and inducted by Presbytery. St. Michael’s has a quoad omnia constitution and therefore the Kirk Session (the Session) is responsible for secular as well as spiritual matters.
The Session meets six times per calendar year and is chaired by the Minister.
4
St Michael’s Inveresk, Musselburgh Church of Scotland Trustees’ Annual Report (cont.) Year ended 30[th] November 2024
Reference and Administrative Information
Charity Name: St Michael’s Church Charity Registration Number: SC013559 Congregation Reference Number: 030217 Contact Address: Church Office 21a Dalrymple Loan, Musselburgh, East Lothian. EH21 7UA.
Church Treasurer: Session Clerk: Minister:
Independent Examiner:
Bankers:
Bank of Scotland, 172 High Street, Musselburgh, East Lothian, EH21 7EA.
5
St Michael's Inveresk Musselburgh Trustees, Annual Report Year Ended 30th NoTrember 2024 Trustees, Responsibilities in Relation to the Financial Statements The cbarity trnstees are responsible for preparing a tnlees, anllual report and fillancial statements in accord]Ce witli applicable law and Uiiited Kingdoui Account8 Standards (United Kiiigdoin Generally Accepted Accowlting Practice). The law applicable to charities in Scotland requiTes the charity trustees to prepare Fin]cIal staten]ents for each year which show a trne and fair view of the state of affairs of the chlty and of the incoming resources alld application of Tesoutces, of the charity foi that PLYiod. In plepat8 the financial StateelltS, the trustees are reqiiired to.. Select suitable accounting policies and then apply them consistently" Obsetve the method alld Principles of the applicable Charities SORP; Make judgeinents ]d estiniates that are reasonable alld pdent. State whether applicable accoiulling standaTds and stateinents of recoinmended practice have been followed, siibject to any departures disclosed and explailled in the funcial stateentS. Prepare the fillancial statements oll the goillg concern basis unless it is illapprop1(e lo presume that the cl]lty will continue ill operational existence. The trllstees are responsible for keep8 PTopeT accoulltllig recoriL8 which disclose with reasonable accuracy at any lime the funCIal position of tbe charity and enable tbem to ensiue thal tbe [ancial statements con]ply with the Charities and Tnlee Illveslment (Scotlalld) Act 2005 alld the Charities Accoullls (Scotlalld) RelIatIOnS 2006 (as ainended). Tliey 'e also responsible for Safelard11]g the assets of the clwity alld heiice takillg reasonable steps for the prevention and detection of fraiid and othei. ul'e111JtLes. The thistees are responsible for the maintenaiice aiid integLIty of the charity and financial illfom)ation on tlie congregatioll's website. Legislalion in the Ullited Kingdom governillg the prep.110 alld disseminalioll of fU]Cial statelliellts diffei frolll legislation other Jis(b.ctll0lls. Approved by the Tnislees and signed on their behalf,
L¥DEPEI¥DENT EL4I¥IINER'S REPORT TO THE TRUSTEES OF ST. MtCHAEL'S KIRK INVERESK I report on the accounts of the Charity for the year ended 30 November 2024, which are set out on pages 8 to 16. Respective responsibilities of trustees Ydnd examiner The Cliarity's trustees are respoiisible for the preparation of accounts in accord]Ce with the terll of the Charities alld Tntee Investment (Seotland) Aci 2005 alld tbe ch]tIeS Aecoullts (Scotland) Regulations 2006 as amended. The Charity Trusleeg consider the audit requirement of Re8ulation 10(1) (a) to (c) of the Accoullts RelIatiOnS does not apply. It is my responsibility to eXne the acColtS as required wideT section 44(1) (c) and to state whether particular tnatters have come to my attention. Ba515 of iDdependent examiner'5 Statement My exallllllation is catned oiit accoidance with Reglilatioll I l of the Charities Accounts (Scotlalld) RelIationS 2006. An examination includes a review of the accoimting records kept by the charity and a compaiison of the accoullts presented with those i'ecords. It also illeliides collsideratioll of ally Ullusual itell)S OT disclosures in the aCcoltS, and seeks expltIOnS froLn the trustees concenilllg any such inatters. The procedures ulldertaken do not provide all the evidence that would be required in an audit, and consequently I do not express all audit opillion on the view given by the accoullts. Independent elMiner'S statement In the course of my examination of account for the year ended 30 November 2024, no matter has come to my altelllioll- l. Which gives ule reasonable cause to believe that iu any aterial respect the requenient$.' To keep accountiiig records in accord8ce witb Section 44 (1)(a) of 200.5 act and Regulations 4 of the 2006 Accoullts RelIatiOnS (as amended), and to prepare accoullls which accoi'd with the accoiwtill8 I'ecordg and comply with the Regulation 8 of the 2006 Accounts Regulatioiis (as ameiided) have iiot been mel, OT 2. To which in n]y opinion, attelltion should be drawn in order to enable a proper understanding of the accounls to be reached. I¢ JJ. Jè
St Michael’s Inveresk Musselburgh Church of Scotland
Statement of Financial Activities
| Year Ended 30 November 2024 | **Note ** | Unrestricted | Restricted | Total | Unrestricted | Restricted | Total |
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | ||
| 2024 | 2024 | 2024 | 2023 | 2023 | 2023 | ||
| Incoming Resources | £ | £ | £ | £ | £ | £ | |
| Income and Endowments from: | |||||||
| Donations and Legacies | 1 | 62,804 | 0 | 62,804 | 64,470 | 0 | 64,470 |
| Charitable Activities | 2 | 8,763 | 0 | 8,763 | 11,822 | 0 | 11,822 |
| Other TradingActivities | 3 | 4,140 | 0 | 4,140 | 5,135 | 0 | 5,135 |
| Investment Income | 4 | 202 | 0 | 202 | 128 | 0 | 128 |
| Other IncomingResources | 5 | 13,548 | 0 | 13,548 | 9,656 | 240 | 9,896 |
| Total Incoming Resources | 89,456 | 0 | 89,456 | 91,211 | 240 | **91,451 ** | |
| Expenditure on: | |||||||
| Charitable Activities | 6&9 | 89,638 | 378 | 90,016 | 100,326 | 0 | 100,326 |
| RaisingFunds | 0 | 0 | 0 | 0 | 0 | 0 | |
| Governance Costs | 0 | 0 | 0 | 0 | 0 | 0 | |
| Total Resources Expended | 89,638 | 378 | 90,016 | 100,326 | 0 | 100,326 | |
| Net income/(expenditure) before | (182) | (378) | (560) | (9,115) | 240 | (8,875) | |
| gains and losses on investment | |||||||
| Net gains/(losses) on investment | 0 | 0 | 0 | 0 | 0 | 0 | |
| Net income/expenditure | (182) | (378) | (560) | (9,115) | 240 | (8,875) | |
| Transfer between funds | 10 | (10) | 0 | 3,370 | (3,370) | 0 | |
| Net movement in funds | (172) | (388) | (560) | (5,745) | (3,130) | (8,875) | |
| Reconciliation of funds: | |||||||
| Total funds brought forward | 18,530 | **5,992 ** | 24,522 | 24,275 | 9,122 | **33,397 ** | |
| Total funds carried forward | 18,358 | **5,604 ** | **23,962 ** | 18,530 | **5,992 ** | 24,522 |
8
St Micbael's Inveresk Musselburgh Church of Scotland Balallce Sheet As xt 30 liovember 2024 2024 2023 Fixed Assels Tallble Fixed Assels Ini-estniaits Total Flxed A$set$ 2.059 3.512 io 3.512 Current Assets Debto C&5h at Bank and in Hand Total Cunynt A55ets li 1,084 21.722 22.806 1.803 25.411 27.214 Llxbllltles Creth'toIs fallin8 due within one year 12 902 6.203 Net CuTTe]it Asse15 21904 21.011 Creditors fallin8 afi¢r Inor¢ than one year Net A&sets 13 23963 24,523 The fuud5 of the cbaTitY: Untesliirted funds Resrricted fijllds Endourynent fillS 18.359 5,604 18.530 5,992 Total Chaiity Fulld5 15 23.963 24.522
St Michael’s Inveresk, Musselburgh Church of Scotland Year ended 30[th] November 2024
Accounting Policies
The principal accounting policies, which have been applied consistently in the current and preceding year in dealing with items which are considered material to the accounts, are set out below.
Basis of Preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable to the UK and Republic of Ireland (FRS102) issued on 16[th] July 2014 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities accounts (Scotland) Regulations 2006 (as amended).
Fund accounting
Funds are classified as either restricted funds or unrestricted funds, defined as follows.
Restricted Funds are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider objects of the charity. Endowment funds are funds which have been given on the condition that the original capital sum is not reduced, but the income therefrom is used for the purpose defined in accordance with the objects of the charity. Unrestricted funds are expendable at the discretion of the trustees in the furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees’ discretion to apply the fund.
Incoming Resources
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS102) the general volunteer time of congregation members is not recognised.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is recognised as expenditure in the period of receipt.
Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
Tangible Fixed Assets
The charity has the right to occupy and use for its charitable objects certain tangible fixed assets, including both the Church and Manse, vested in the Church of Scotland General Trustees. No consideration is payable for the use of these assets. Expenditure incurred on the repair and maintenance of these assets is charged as resources expended in the Statement of Financial Activities in the period in which the liability arises.
10
St Michael’s Inveresk Musselburgh Year ended 30[th] November 2024
The Church Hall is held in the name of the Local Trustees. The hall was built in 1879, for a cost “not to exceed £700”. In line with the practice adopted by the Church of Scotland General Trustees, this cost has been discounted at 2% per annum since the hall was built, resulting in a nil carrying value for this asset. Expenditure incurred on the repair and maintenance of all of these assets is charged as resources expended in the Statement of Financial Activities in the period in which the liability arises.
All tangible fixed assets costing in excess of £5,000 having a value to the charity greater than 1 year, other than those acquired for specific purposes, are capitalised. Depreciation is provided on a straight line basis to write-off the cost or initial value, less residual value, of tangible fixed assets over their estimated useful lives:
- Fixtures, Fittings and Office Equipment 4 years.
The charity had no other tangible fixed assets as at the balance sheet date.
Investments
The charity did not hold any investments as at the balance sheet date.
Taxation
St Michael’s Church is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities. The charity is not registered for VAT and resources expended therefore include irrecoverable VAT. However, the cost of outside renovation work on our listed building does qualify for recovery of VAT.
11
St Michael’s Inveresk Church Musselburgh Church of Scotland
Notes forming part of the financial statements For the year ended 30 November 2024.
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | |
| 2024 | 2024 | 2024 | 2023 | 2023 | 2023 | |
| £ | £ | £ | £ | £ | £ | |
| 1. Donations and Legacies | ||||||
| Offerings | 49,277 | 0 | 49,277 | 49,589 | 0 | 49,589 |
| Tax Recovered on Gift Aid | 13,027 | 0 | 13,027 | 12,782 | 0 | 12,782 |
| Legacies | 500 | 0 | 500 | 2,000 | 0 | 2,000 |
| Value of Donated Goods | 0 | 0 | 0 | 0 | 0 | 0 |
| Other | 0 | 0 | 0 | 100 | 0 | 100 |
| Total | 62,804 | 0 | 62,804 | 64,470 | 0 | 64,470 |
| 2. Incoming Resources from Charitable Activities |
||||||
| Life and Work | 168 | 0 | 168 | 252 | 0 | 252 |
| Mission Aid | 384 | 0 | 384 | 302 | 0 | 302 |
| Weddings and Funerals | 680 | 0 | 680 | 700 | 0 | 700 |
| Coffee Mornings etc | 4,226 | 0 | 4,226 | 3,215 | 0 | 3,215 |
| Teas and Coffees | 954 | 0 | 954 | 870 | 0 | 870 |
| Other Fund Raising | 2,116 | 0 | 2,116 | 4,524 | 0 | 4,524 |
| Charitable Activities on behalf of other Charities |
235 | 0 | 235 | 1,869 | 0 | 1,869 |
| Concerts/Events | 0 | 0 | 0 | 90 | 0 | 90 |
| Other | 0 | 0 | 0 | 0 | 0 | 0 |
| **Total ** | 8,763 | 0 | 8,763 | 11,822 | 0 | 11,822 |
| 3. Other Trading Activities | ||||||
| Use of Premises | 4,140 | 0 | 4,140 | 5,135 | 0 | 5,135 |
| 4. Investment Income | ||||||
| Deposit Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Received | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank Interest | 202 | 0 | 202 | 128 | 0 | 128 |
| **Total ** | **202 ** | 0 | **202 ** | 128 | 0 | 128 |
| 5. Other Incoming Resources | ||||||
| Donations General | 0 | 0 | 0 | 0 | 0 | 0 |
| Church of Scotland – Funding from Manse/St John’s sale |
12,948 | 0 | 12,948 | 9,056 | 0 | 9,056 |
| Sundry | 0 | 0 | 0 | 0 | 240 | 240 |
| Income fromgroups | 600 | 0 | 600 | 600 | 0 | 600 |
| **Total ** | 13,548 | 0 | 13,548 | 9,656 | 240 | 9,896 |
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St Michael’s Inveresk Musselburgh Church of Scotland
Notes forming part of the financial statements For the year ended 30 November 2024.
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | |
| 2024 | 2024 | 2024 | 2023 | 2023 | 2023 | |
| £ | £ | £ | £ | £ | £ | |
| 6. Analysis of Resources Expended | ||||||
| Costs of GeneratingFunds : | ||||||
| Investment Manager’s Fees | 0 | 0 | 0 | 0 | 0 | 0 |
| OfferingEnvelopes | 103 | 0 | 103 | 92 | 0 | 92 |
| Ministries and Mission | 45,810 | 0 | 45,810 | 43,308 | 0 | 43,308 |
| PresbyteryDues | 1,420 | 0 | 1,420 | 782 | 0 | 782 |
| Minister’s Expenses | 960 | 0 | 960 | 960 | 0 | 960 |
| Ministerial Assistance | 600 | 0 | 600 | 720 | 0 | 720 |
| Other SalaryCosts | 5,720 | 0 | 5,720 | 5,933 | 0 | 5,933 |
| Fabric Repairs and Maintenance | 19,304 | 0 | 19,304 | 25,581 | 0 | 25,581 |
| Council Tax | 3,708 | 0 | 3,708 | 3,603 | 0 | 3,603 |
| Other BuildingCosts | 8,827 | 0 | 8,827 | 13,059 | 0 | 13,059 |
| Church Office Expenses | 298 | 45 | 343 | 635 | 0 | 635 |
| Organ and Music | 704 | 0 | 704 | 1,048 | 0 | 1,048 |
| Loan Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Expenses | 730 | 333 | 1,063 | 3,153 | 0 | 3,153 |
| **Total ** | 88,185 | 378 | 88,563 | 98,872 | 0 | 98,872 |
Support costs have not been separately identified as the trustees consider there is only one charitable activity. Therefore support costs relate wholly to that activity and have not been separately identified.
| 7. Staff Costs and numbers | 2024 |
2023 |
|---|---|---|
| £ | £ | |
| a. Salaries, pension costs and wages |
0 | 0 |
| b. Social security costs |
0 | 0 |
| Total |
0 | 0 |
The charity has no full-time employees
All Church of Scotland congregations contribute to the National Stipend Fund which bears the costs of all ministers’ stipends and employer’s contributions for national insurance, pension and housing and loan fund. Ministers’ stipends are paid in accordance with the national stipend scale, which is related to years of service. For the year under review the minimum stipend was £31,642 and the maximum stipend in 5[th] and subsequent years of service - £38,884.
8. Trustee Remuneration and Related Party Transactions
The minister received reimbursement of expenses to the value of £ 960.
During the year one trustee received reimbursement of expenses incurred totalling: £116.
No trustee or a person related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year.
During the year at total of £ 31,412 was donated to the congregation by trustees.
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St Michael’s Inveresk Musselburgh Church of Scotland
Notes forming part of the financial statements cont. For the year ended 30 November 2024.
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | |
| 2024 | 2024 | 2024 | 2023 | 2023 | 2023 | |
| £ | £ | £ | £ | £ | £ | |
| 9. Tangible FixedAssets –Office Equipment |
||||||
| Cost: | ||||||
| At 1stDecember 2023 | 5,813 | 0 | 5,813 | 5,813 | 0 | 5,813 |
| Additions | 0 | 0 | 0 | 0 | 0 | 0 |
| Disposals | 0 | 0 | 0 | 0 | 0 | 0 |
| At 30th November 2024 | 5,813 | 0 | 5,813 | 5,813 | 0 | 5,813 |
| Accumulated Depreciation | ||||||
| At 1stDecember 2023 | 2,301 | 0 | 2,301 | 848 | 0 | 848 |
| Charge foryear | 1,453 | 0 | 1,453 | 1,453 | 0 | 1,453 |
| Eliminated byDisposals | 0 | 0 | 0 | 0 | 0 | 0 |
| At 30th November 2024 | **3,754 ** | 0 | **3,754 ** | **2,301 ** | 0 | **2,301 ** |
| Net Book Value | ||||||
| At 30thNovember 2023 | 3,512 | 0 | 3,512 | 4,965 | 0 | 4,965 |
| At 30th November 2024 | 2,059 | 0 | 2,059 | 3,512 | 0 | 3,512 |
| 10. Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 11. | Sundry Debtors | 2024 | 2023 | |||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Gift Aid Refund due | 1,084 | 1,067 | ||||
| Other Amounts Due | 0 | 736 | ||||
| Total Debtors | 1,084 | 1,803 | ||||
| 12. | Creditors | 2024 | 2023 | |||
| £ | £ | |||||
| Accruals | 902 | 6,203 | ||||
| Other | 0 | 0 | ||||
| Creditors falling due more than 1 year | 0 | 0 | ||||
| Total Creditors | 902 | 6,203 | ||||
| 13. | Analysis of Net Assets Among Funds | |||||
| General | Restricted | Total | ||||
| £ | £ | £ | ||||
| Fixed Assets | 2,059 | 0 | 2,059 | |||
| Investments | 0 | 0 | 0 | |||
| Current Assets | 17,202 | 5,604 | 22,806 | |||
| Current Liabilities | 902 | 0 | 902 | |||
| Liabilities due more than 1 year | 0 | 0 | 0 | |||
| Net Assets at 30 November 2024. | 18,359 | 5,604 | 23,963 |
14. Volunteers
In common with all congregations of the Church of Scotland the congregation benefits from the contribution made by volunteers who give their 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 unable to continue were it not for the commitment shown.
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St Michael’s Inveresk Musselburgh Notes forming part of the financial statements cont. For year ended 30[th] November 2024
15. Movement in Funds
| 15. Movement in Funds | |||||
|---|---|---|---|---|---|
| At 1 Dec | Incoming | Outgoing | Transfers | At 30 Nov | |
| 2023 | Resources | Resources | 2024 | ||
| £ | £ | £ | £ | £ | |
| Endowment Funds | 0 | 0 | 0 | 0 | 0 |
| Restricted Funds | |||||
| - Renovation Fund | 0 | 0 | 0 | 0 | 0 |
| - St John’s Guild | 0 | 0 | 0 | 0 | 0 |
| - St Michael’s SundaySchool | 378 | 0 | 378 | 0 | 0 |
| - Kirkwood Organ Bequest | 1,264 | 0 | 0 | 0 | 1,264 |
| - The Hastie Fund | 1,627 | 0 | 0 | 0 | 1,627 |
| - Moodie Bequest | 937 | 0 | 0 | 0 | 937 |
| - Thompson Bequest – Heating | 1,425 | 0 | 0 | 0 | 1,425 |
| - Organ Fund | 361 | 0 | 0 | (10) | 351 |
| Total Restricted Funds | **5,992 ** | 0 | 378 | (10) | **5,604 ** |
| Unrestricted Funds | |||||
| - Fabric Fund | 13,765 | 202 | 0 | 0 | 13,967 |
| - General Fund | 4,766 | 89,255 | 89,638 | 10 | 4,392 |
| Total Unrestricted Funds | **18,531 ** | 89,456 | 89,638 | 10 | 18,359 |
| Total Funds | 24,523 | 89,456 | 90,016 | 0 | 23,963 |
Purposes of the Endowment Funds
St. Michaels’ Church has no such funds at this time.
Purposes of the Restricted Funds
-
The ‘Renovation Fund’ was set up specifically to pay for the renovation work of the south-facing exterior wall, the steeple, windows and doors. This Fund was increased following a Congregational Appeal in 2015-16 to enable Phase 2 of the renovation to take place. The work is now completed, and the fund closed.
-
St John’s Guild was responsible for its own finances. This fund is now closed.
-
St Michael’s Sunday School is responsible for the management of its own financial position. As well as fund raising activities specific to the Sunday School, it also undertakes fund raising activities in support of the church.
-
The Kirkwood Organ Bequest provides funds to maintain and renovate the Lewis organ. Management of this bequest is aligned with the Organ Fund, see no.9 below.
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The Hastie Fund. A legacy from Mr George Hastie, who died in 1832, to be administered by the Kirk Sessions of the churches in the area who were to make loans to ‘decent honest tradesmen. or other industrious persons with a preference to young men beginning business’
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The Moodie Bequest – Widows, provides some support for indigent widows. There have been no recent additions or claims.
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Thompson Bequest – Assistants. This fund was used to provide minor or temporary payment to assistants or trainee ministers, but has now been exhausted.
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Thompson Bequest – Coal, Heat etc. provides funds for indigent parishioners. There have been no recent additions or claims.
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The Organ Fund was set up specifically to pay for renovation work to church organ.
Purposes of the Unrestricted Funds
The Fabric and Renewal Fund is maintained to cover the costs of regular repairs. Additions to this fund are made from general income and donations.
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St Michael’s Inveresk Musselburgh Church of Scotland Trustees Annual Report Year ended 30[th] November 2024
| 16. | Collections for Third Parties | 2024 | 2023 |
|---|---|---|---|
| £ | £ | ||
| Christian Aid | 235 | 228 | |
| Diabetes Research | 0 | 1,440 | |
| Bethany Trust | 0 | 201 | |
| Scripture Union | 0 | 500 |
Appendix
FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES
| 2023 | 2024 | |
|---|---|---|
| Credit Balance at 31st December | £ | £ |
| Capital account | 168,678 | 157,171 |
| Revenue account | 0 | 5,890 |
| Total | 168,678 | 163,061 |
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