Wick St Fergus Church of Scotland Registered Scotlish Char*y Trustees, Report and Finanaal Ststements For the year ended 31 December 2022 congregat No: 412296 Scottish Chanty No.. SC013840
WKk St Fergu$ Church of S¢otsnd R•f•rwK• and Admlnl•tratlv• Inforniall¢)n Charity Name: k St Fetgus Clr£h of ScotlarKI Charity Registration Number. SC013840 Congregation Reference Number. 412296 Contact Address.. TrustO08 The trustees who served during Ihe perAJJ frn 1 January 2022 10 31 t)ecember 2022 b%Ere as follows.. Members of the Klrk Sesslon Currnnt Prlnclpal Offkfrbearer5 Interim Minister.. Session Clerk.. Chairperson to the Board.. CleTk to the Board.. Church Treasurer. Ind•pandent Examlnor Bankews Bank of Scotland 22 Bridp Street, Wth. Caithness. KW14NG Page 1
k St Fergus Church of Scottand Tntee5. Report lor the year •nd•d 31 D•¢embor 2022 Structurn, Gov•rnanc• and ljlanagom Gov•ming Documont The Church is administered in accordance th Ihe temis of the Deed of Constitution {or Deed of Cc)stltun UNtary Fom). Rocrultmant and Appolntsnont of Tru8t•¢s Members of the lfjrk Session and the Congregational Board are the charlty trustees. The Kirk Session members are the elders of the church and are chosen from those members of the church who are consKJered to have the appropriate grfts and skills. The minister, who 1$ a member of the Kirk Session. is eleded by the Cong0th)n and inducted by Presbytery. The gregational Board is appointed from within ts congregats'on and members of the congregation are invited to nominate indMdual$ who a believed to have the skills and commthent to contritAJte to the management affairs of the church. to become members of the Board. Board men)•rn are then apwinted at the Stated Annual Meeting. Oryanl8atlonal Structur• The Congregational Board is chaired by Alan Sinclair (TaSur, Gift AKI and Mission Convenor}. The board usually meets 4 times a year and on an ad-hoc basis for Sing issues requiring a t)ard de¢i$)n. The Congregational board has sub committees for Finance (Grft Ai(VMonthly EnvelopeslFree Will Offerings) and Fabric. The lQrk Session also ffets 4 times a yw chaired by the Interim Minisl The Kirk Session is responsible for the spiritual affairs of Church and was assisted by the employment of joint Locums March 2021 to Detsmber 2022. covering Sunday services, pastoral work in the Parish and online Minbsty. The main changes during 2022 was the selbng up of a new Mission Committee, CommUnonS team and a Cafè Church commthee. These were all set up as a result of the Changes in Ihe Church of Scotland'$ frKu$ to a fvture Missional Church moving foNMrd. These commrflees wll assist us in a¢hlng the S marks of miSsn the central Church has set as a target over the next couple of years for every congregalion in S¢otsnd to attain. Page 2
WKk St Fergus Church of Scotsnd TTh. Roport for tho y•ar •ndod 31 Do¢•mbfrr 2022 ObJ•¢tlvos •nd Actlvllle8 The Church of Scotland is Triniiarian in doctrine. Rel0e in tradItM and Presbyterian in polity. It exists to glorify Gcl and to work for the advancement of Chrisvs Kingdom throughout the world. As a national Church, it a¢knoedge$ a distinclive call and duty to bring the ordinances of rel to the people in every parish of scOand Ihrou9h a territorial minbsty. It cTroperates vthh other Churc1 in vark)u$ e¢um¢ni¢al bcJw in S¢otland and beyond. SeNi¢es of public worship are e¥ery Sunday at 11:30an. The Churches online presence vrds used during 2022 arKI is now an eslablished presen complemenling our trad[lial Sunday worship. Folbwing on from the Lockdowns. we were alluwed back into the nursing homes in 2022 under conditions to carry out our tradOrtal monthly s¢Tri¢es. St Fergus also held in September 2022 a Memorial Ser for the18te Queen Elabeth the Second and Ihe RBLS Remembrance Day service in November. The ¢ongregation have over the years buill bridges in the ¢ommunty with sepii¢es for Guwjes, Brry•mies, Raintwjws arKI the Merchant Navy AsSocian. As part of our MISSI inrtiatives we gave a Donation of £1,000 from the restricted Youth fund io the East Caithness Guides. Brownies and Rainbows and have agreed at Board kvel to take no rent Irtyn any youth groups that want to use our premises. The Church halls are now being used again post COVID by (Guides. Brcwnies. Rainbu•ts. Gardening Club, Yoga Class, Craft groups, Over So'$ group and a card club. Flnanclal R•vloW The Church like all organisalions has gone through extxpiK>nal tirnes in 2020 to 2022 with a massive reduction in income that has had to be mel from reserves. Allhough 2022 was better financialty a$ we increased our regular giving by direct de't and standiThJ orders. aL80 income was availabbe from April 2022 from ntaI of the upgraded Manse, in¢aSed Gift Aid and GASD Claims, h)wer Mission payments also helped to reduce the deficit signifKanty from the 2021 situalion. Ro8er¥es Pollcy Work was completed in March 2022 in lully upgrading the manse from Fabric Funds hehj in Edinburgh allowing us to nt the manse out via letb'ng Agents Getygesons Lttl. H¢ywever January 2023 the manse rental will be paid into the Fabric rese Unt in Edinbutgh. we will nol be able to use it a$ we did in 2022 to suppthenl our main ac<>)unt. Statement of Trust•o8' Responslbllltle8 The members of the congregational board must prepare financral statents whh give sufficient detail to enabb an appreciats'on of the transactw)ns ofthe church during the financ year. The members of the congregational board are responsible for keeping proper accounting records which. on reques( must flect the financial position of the church at that time. This must be (bne to ensure that the financial Statements compty with the Charities and Trustee Investment (Scotland) 2005, the Chariknes Accounts Iscovand) Regulations 2006 as amended by the charit ACcnts (Scotlandl Amer)dment Regulations 2010. and regulations anent congregional finance approved by the General Assembty of the Church of Scouand in 2007. They are also responsib for safeguarding the assets of the church and must take reasonable steps for the prevention andlor dtion of fraud and other irregularilies. Approved by the Trustees o 2023 and shJneJJ on their tehalTr. Tnjstee
Wk St Fergus Church of Scodand Scoth'sh Charity registration number SC013840 Ind•pond•nt Examln•f¥ R•port to the Tnmtees of Wick St F•rgus Church of Scotland I r8POrt on the accounts of the charity for the y ended 31 December 2022 which are set out on pages 5 to 8. Respgctlve rosponslblllllos ol trustoes and oxamlner The charitys trustees are responsible for the preparatKJn of the accounts in a¢¢ordance wrth the temis of the Charities and Trustee Investment (Seodandl knt 2005 and the Chartbe$ A¢¢ounts IS¢otland) Regulations 20C6 as amended by the Charities Accounts (Scotlandl Amendment Regulations 2010. The charty trustees consider that the audit qUirement of Regulation 10(1){d} of the A¢Unts Regulats'ons does not appty. It is my responsibiSty to examine the accounts as required under se¢tion 44{11{¢) ol the Act and to state whether parlKular matters have Come to my atients'on. Ba•18 of Independent examln¢rfs st•tom•nt My Mination carried out in xcordance wrth Regulation 1101 the Charities Accounts (Scotland) Regulations 20C6. An examinatK)n includes a revw of tt)e accounting records kept by the charty and a comparison of the accounts presented with those rewrds. It also includes consideratton of any unusual items or disclosures in the aettnts. and seek$ exp&nation$ from the trustees conceming any su¢h matters. The pro¢edur•s undertaken do not provide all the evKtence v#hich would be required in an audTL and consequenlty I do not express an audit opinion on the view given by the accounts. Independent •xamln•rfs statement In the ¢ourse of my examination, no matter has ¢om8 to my attenti 1. which gives me reasonable cause to bdieve that in any material respert the requirements.. to keep aceounts'ng re¢ord$ in accordance seCn 44{11{a) of the 2005 Act and Regulation 4 of the 21x16 kcounts Regulations. and - to prepare ac¢ounts which a¢¢ord with tre accounting records and cornpty ith RegulatM)n 9 of the 2006 Accounts RegulatM)ns have not been me( or 2. to which. in my opinion. attention should drawn in c¥der to enable a understanding of the aoUnts io be reached. Dale: 17AQ ID13
WKk St Fergus Church of Scotknd Statom•nt of Finan¢lal Activili•8 for tho yfrar ondod 31 Docomb•r 2022 ujo Imotr) rin •ION <0 cqJAIcc Page 5
St Fergus Churth of sl]8r1 Statomwt of Flnanclal Acthiltlo• for the year •nd•d 31 D•cwnb•r 2022 )011 r¢DVWJ ?00)0> ¢3>0? •ION 11
2(900
Page 5a
WKk St Fergus Church of S¢olarKI stst•ment of Flnanclal AclMtl•s forth• y•ar ended 31 DeCemr 2022 ¢•J (o Lrj ou> a> 4r• •ION 8ce888 cinJSCc (fOSz (L(L[L Page Sb
Wk St Fergus Church of Scotland B•lan¢e Sh•¢t a8 •t 31 December 2022 2022 2021 Tanglble Flxod A880ts 2.625 2.625 Inv•$lm•nt• 123 123 Current A880ts Debtors Bank investrnent accounts Bank current accounts 3.702 2.086 40,918 46,706 3.237 38.346 40.808 82,391 Current Llabllltles Creditors falling due thin one year. Accrued expenses aThJ deferred incoff* 6,150 2,491 Not Curront Ass•ts 40.556 79.900 Not A8•0ts 43.304 82.648 The above net assets rnwesent the funds... General Fund Fabric Fund Organ Fund The Guihj Youth Fund Sunday School Kirk Session Benevolent Fund 3.509 12.692 7.934 45.668 20,160 943 7.665 139 139 12.692 20,160 20,160 6.865 139 139 6.665 139 139 The finarrial staterr notes thereto on pages 5 to 8 were apwoved by the Trusiees 023 and sigrEd on their behaw ty.- Page 6
Wk St Fergus Chufch of ScolwKI A¢¢ounllng Polkl•• The principal accounts'ng polKies. which have been applied consistenty in the current and preceding year in dealing with ilems which a &)n$tyJered matwia in the finan¢kil $tstements, a set ¢xrt belryw. Ba818 of preparatlon The financial ststements are prepared in acccKtsrKe ith applicable accountiThJ standards and under the historical cost convenlion, modifth to reflect the inclusion of investments at market value, and in accordance with the Charities and Trustee Investment {ScoUandl Act 2C(15. the Charitses Accounts IScotland} Regulations 20(E as amended by the Charitses Accounts (Scotland) Amendment Regulation$ 2010, the regulations anent ¢wregatIaI finance approved by the General Assembty of the Church of scOand in 2ts)7, and th8 Statement of Recommended Practice.. Accounting and Reporting by Charities 2005. Funds Funds are classified as eitrw $tricted fuTrJs crf unwlrthd fvnds. Restrthd funds a funds subject to specific requirements as to their use whth may be declared ty the donors or ther authority, or Created through legal prctess, but sbll wthin the wder objects of the charity. ErKlowment funds are funds which have been given on the condition that the original caprtal sum is not redled but its income is used for the purpose defined in accordance wth Ihe objects of the charity. Unrestricted funds are expendab at the discretTh of the trustees in ffijtheran of the obCts of the ¢harity. If parts of the restrKted funds are eamiarked at the discretw)n of the trustses for a particular purpose. Ihey are designated as a separate hjnd. This designation has an administrative wrpose onty. and does not restrKt the trustees. discre11 lo appty the fvnd. Incomlng resource• ASI donations and gifts are included Nthin incoming resources under either unrestricted or restricted funds according to the terms under which the donatK)ns are maje. and when the amunt can be quantified asonable certainty. DonatiMs and gifts in kind a brght into the accounts at their market value to the charity. Re80ur¢e8 expended Expenditure is reccgnised on an accruals basis. as the IHbilty is incurred. Tanglble Flxod Assets The charity has the right to occupy and use for its charitable obpcts rtain tangib18 fixed assets. including the church. ha115 and manse. vested in ihe Church of Scotland General Trustees. No consideration is payable for the use of those assets. Expenditure incurred in ts maintenanGo 01 those assets is charged as resources expended in the slatemenl of finaNal activits in the per*)d in which the Ikqbility arises. In the year 2011, a croft proFety was bequeathed to the church. and it was caprtalised in the year ended 31 December 2013 when it was dear that it vested in the trustees of Church. T$ propety ¢omprise$ land onty. thefOre the i8 no requirement tr a poly on depreciation. Invo8lm•nts Fixed asset or loThJ tem investments are stated ai cost at the baLgnce sheet date. UnalL9ed gains or k)sse$ represent the drfference be1vn the market value at the beginnin9 of the year {or Cost rf purchased during the yearl. arKI the market vdue * the end of the year. Realised gains or losses present the difference beiween the prc¢eeds on disposal and the cost at the beginning of the year. Taxatlon Wick Sl Fergus Church of ScotlarKI is reco9ni%ed as a charity for the purposes of applicable tax legislation and is therefore not subpct to taxalion on its charitable actNibes. The ¢hanty ts not registered for value added tax and sources exFEnded therefore indude irrecoverable value added Page 7
Wk St Fergus Church of Sc4nd Statutory Notss to the Flnanclal Stalefflents For the year ended 31 December 2022 2022 2021 1 Herftable Property In 2011 a tegxy wa$ received in the fonn of a share in the property kncpwn as Myreland Croft in Caithness. Although a market valuation wa5 made by Aberdeen and Northem Marts, it greatly exceeded the value under crofting law which woukl reStrt it to fifteen limes the annual rent Title to Ihe propety tse clear in the year 2013, and tt is capitalised on this ba$is. 2.625 2 Inveslments 3 'A% War Stock Govemment stocks are valued al ¢osL 123 123 3 Debtors Income re¢eNabte 3.702 4 Cr•dhorn Accrued expenses 2,491 5 Mlntsl•rf8 StiwKI All Church of Scotland congregati$ contribjte to the NalM)nal StirerKI Fund whh bears the costs of all ministers. $b'pends arKI ernoyerS contributions for national insurance. pension and the housing and k)an fund. Ministe¢s stiperrfl$ a paid in accordance with the national stipend Scale whth is r•U3ted to years of service. F( the period under remew the minimum stipend vrds £28.7LM) and the maximum stipend - in the fifth and subsequent years - VAS £35,269. 6 Payments to Truste88 and related partl•s Remunerotlon for pulplt suppty: Pulpit Suppty 11 60 60 Expense8 Expenses paid to or on behaff of Tntstees.. Locum expenses Manse Counc tax 1,942 1.401 -74 No trustee or a person related to a trustee had any petsonal interest in any ¢¢act or tran$tion entered into by the charity during tr PWKXI. 7 Commllm•nts ExperKliture contracted for but not provided in Ihe fin¢?1 ststements 10.000 Page 8