Tbe Church of Scotland Aberdeen St Stephen's Church ACCRUED (SORP COMPLtANT ACCOUNTS) Congregation No: 311900 Charity. No: SC 014120 2024
Reference and Administrative Information . Charity Name: Aberdeen St strphen's Church Charity Rcgistrasion Number: SC 014120 Congregation Reference No: 3119nn ConlactAdthess: 2 i Lorse Onve Bridge of Don Aberdee AB23 8LN Trustees Elders Board Members
Printipal Office-beY4rers Minister.. Session Clerk: Clerk to the Board.. Church TTeasur¢r'. Independent Examiner Bankers Bank of Scotland 39 Albyn Place Aberdeen ABIQ IYN
Trustees, Annual Report Year ended 31 December 2024 Strueture, Governance and Management Governing Document Th¢ Church is administered in accordance with the tenns of the Model Deed of Constitution. Recruitment and Appointment of Trustees Members of the Kirk Session and the Congregational Board are the chartty trustees. The Kirk Session members ate the elder8 of the church and are chogen from those members uf the Lhurch who èLre considered to have the appropriate gifts and skills. The mit)ister, who is a member of the Kirk Session, is elected by the congregation and indited by Presbytery. The Congregational Board is appointed from within the congregation and members of the con8regation are invited to nominatr individu&ils who believed to have the skills and commitment to contribLLte to the nlanagement affairs of the Church, to become membeLS of the Board. Board Member.8 are then appointed at the Statcd Annual Meeting and serve for a period of three years after which they must seek re-election at the next Stated Annual Meeting, Orgauisational Structure The Congregational Board is chaired by the minister and meets four (4) times in a year. C,ertain responsibilities are delegated to the Buyincss Committee as appropriate. The Kirk Session which meets tive (5) times a year is Tesponsible for SPiTltual affairs within the church. Objectives and Activities The Church of Scotland is Trinilarian in doctrine, Refornied in tradition and Presbyterian in polity. It exists to glorify God and to work for the advancement of C'hrist's Kingdom throughout the world. As a national Chiirch, it &cknowledges a distinctive call and duty to bring the ordinan¢¢s of religion to the people in every parish of Scotland through a teitOriaL ministry. It co-operates with other Churches in various ecumenical bodies in Scotland and beyond. Aberdeen: St Stephen's Parish Church seeks to fulfil the above objective5 through its services of worship, Cafe Church, Sunday School. Bcla Nights.. Guild. Sports Activiti¢s, Chatterbox, and fundraising for thc Chur¢l4 Clwities and school chaplaincies. St Stephen's is also part of the Old Aberdeen Parish Grouping created under the Presbytery Plan which includes St Mary, s, St Machar and Old Machar churches.
Trustees, Annual Report (cont) Year ended 31 December 2024 Aehievements and Performance At 1st January, 2024 Aberdeen St Stephen's Church have on¢ hundred and thirteen (113) members on the Communion Roll. Communicants admitted during the year was three (3). three (3) by Profession atLd zero (O) by Certificate. Con]municants removed during the year was five (5)- four (4) by death and one (l) by C.ertificale and zero (O) otherwise. Cummunicants on th¢ Roll at 31 st December 2024 one hundred and eleven (I I l}. Six (6) members are on the Supplementary Roll. rifteen (15) children under seventeen (17) years of age are involved in the Life of Congregation and fifteen (15) adults eighteen (18) year5 or over who not on the Communion Roll. Elders number thirteen (13) - four (4) male and nine (9) female. Members of the Congregation41 Board number thirteen (13)- four (4) male and nine {9) female. Therc was tkLree (3) baptism, two (2) of which was an adult baptism and zero (O) Child Blessing. Zero (O) weddings were performed and ekght (8) funerals. Financial Review The principal source of income fDr Aberdeen St Stephens Church is through weekly offerings b¢iDg £38,000, an increase of 4.7 O/iJ fr()m previous year. Several memkrs sign up to give through Gift Aid with sixteen (16) members giving Lluough standing order. The churLh hab actively undertaken to highlight the benefits available lo the congregation by giving donations throligh Gift Aid. Fund raising activities are targeted for specific charities throughout the year. Reserves Policy At the year end the Church held unrestricted cash fid8 of £181,460 and this repSellts approximately twenty five (25) months expenditure. The Church also held £2,509 of restricted funds. The church uses int¢r¢st from the reserve ftjnd to cany out regular repairs and refurbishrnents to the church. hall and manse. Our policy is 10 retain the capital and use the inleresl io maintain an ongoing programme which ensures an acceptable level of maintenance.
Trustees. Annual Report (cont) Year ended 31 D¢¢¢mber 2024 Statement of Trustees, Responsibilities The members of the Kirk Session I CongrcLJational Board must prepare financial statemcnts which give sufficient detail to enable an appreciation of the transactions of the'C.hurch during the f3nancial year. The tnembers ofihe Kirk S¢ssion I Congrcgational Board aTe responsible foT keeping proper accounting recoTds which, on request, must reflect the finiLIa1 position of thc Church at that time. This must bc donc to cnsure that the financial staternents comply with the Charities and Tru8tee Investment (Scotland) Act 2005, the Cl]arities Accounts (Scotland) Rcgulations 2006 and the Regulatio Anent Congregational Finance approved by the General Assembly of the ChurLki of Scotland in 2007. Thcy arc also responsiblc for safeguarding the assets of the Church and must take reasonable steps for ihe prevention andlor detection of fraud and other irregularities. Ai)i)rovL.d by thL 'fnisiee% aiid signed on their behalf, Session Clerk Date . !g/gls
St Stephen's Church SC 014120 Independent Examinyr's keport to the Trustees of St Stepbens Church l Teport on the accoullt8,of the charity foT the year ended 31, December 2024 which are set out on these pages. Respective responsibilities.of trustees and examiner The charity trustees are responsible for the preparation of the accounts in accordance with the tem8 of the Charities and Tiustee.Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. 'L'he charity trustees consider that the audit requirement of Regulation 10(1) (d). of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to stai¢ whether particular rnatters have come to my attention. Basig of independent examiner's statement My examination is carried out in a¢cordance with Regu1411ions I l of thc Charities ALLaunts (Scolland) Regulations 2006. An examination includes a review of the accounting recordg Lept by the ¢har?ty and a coinparison of the accounts presented with those records. It also includes consideration of any unusual itLms of disclosures in th¢ accounts, and seekq explomutions from the IN5tees concerning any such matters. The predureS undertaken do not provide all the evidence ihat would be required in an audit. and consequently I do noi express an audit opinion on the view given by the accounts. Independent examiner's Statement In the course of my exarnination, no matter has come to m}, attention which gives me reasonable cause to believe that in any material respect the requirements-. To keep acLDunting records in accordance with 8eLtion 44(1) (a) of the 2005 Art and Regulation 4 of the 2006 Accounts Rc8ulations, and To prep¢ire accounts wh'ich accord with thc accounting records and comply with. Regulation 9 of the 2006. Accounts Regulations have not been net or,. to which. in my opinion, attention should be drawn io order to ¢Thable a proper understanding of the accounts to be reached. Name Address Date 23 July 2025 Signaturc
St Ste heLt's Churth Incoiii¢ & Ex cnditure Aeoount Unrestricted Funds 2024 Re5éricted Endowment Funds Fund5 2024 2024 Tntgl 1024 Total 1023 Reeei Donatlons Leg8cle5 Activitiey for Generating Funds Bank interest DEposiI int¢resl Note 91.787.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 D.00 0.00 91.787.06 0.00 0.00 0.00 45,099.94 0.00 o.Do O.DO 2,560.50 94,347.56 0.00 0.00 1,728.00 46.827.94 2,560.50 94.347.56 Reserve General PuTSey 12gscy Fund 0.00 0.00 0.00 0.00 o.oo 0.00 0.00 0,00 0.00 o.ao 0.00 0.00 0.00 Tothl Rttei 94J47.56 0.00 94,347.56 46,827.94 PA men Costs of gÈn¢r*tin8 fundB ChoritAble ietivitles Gov¢rngnce costs Other Ré&ervc CJen¢ral Purposes tal Pa m¢nt5 250.00 86,937.31 250.00 86.937.31 0.00 60,325.40 0.00 87.187.31 0.0 ¥7,IB7.31 hOJ25.40 Exccss of R¢[pt9 over Pgyments for the year bLbfure traTrsfer¥ 7,160.25 0.00 7.160.25 113,497,46} Trnnsfe 0.00 o.oo 0.00 Exces5 of ReceiptJ oYeT Payments for the ye4r 7,160.25 0.00 o.uo 7.160.25 13.497.46
St St8phell3'5 Church Aberdeen Annual aGGounls for the erioj SCQ14120 CC17a 31-Detr24 01nlf2024 3111W24 Statement of tinancial activities rrIcted funds Endthrn•nt fund$ fvnd8 2024 Total 2023 In¢omlng r•tourco5 (Nots 21 In¢ame and vnrfwmqntsfrorn.. atvj legaGi? F01 F02 F03 FIM FOS 91.047 06 000 2.$e 50 740.00 91.047.06 0.00 2.580 50 740.OD Othrrlo4dlng ocl¥lt D.00 o.oc 1.728.DD othor Totsl Intome 94,347.38 94.347.56 48,92T.g4 R4•ourcts oxponded IN48 31 EApwdltur•on: Aobinq funds 280.( 86,937 31 aoo 0.00 250.DD ot,9J7.31 0.00 60.325.40 Othor 000 o.oo Tothl Expondlrg 87.1a7.31 0.00 87.4e7.31 eo.325.40 Ii¢t Incom*iMp•niiiuv•i ¢•for• lllin• •nll 7.160.2S 7,160.25 13,497.48 .00 Gro•J tran$lgrn h••n fund M•t InwrrdnW(¢utg•lngl rn•ouro•• b•for• ouo Y.160.25 7.160.25 13,497.46 Othor r•cognlJed 911n(lOOI? N•t yainl l{loi•eBI Dn InmMun 29.467 77 0.00 ooo 29.4¢7.77 7.W29.96 M•t Inc0Th9 1 •xp•ndltur• 2.307.B2 22.307.52 J6 R9clIaOn ol lund•'. Tolll fvndll brV9h11?rw1 Tol•l fvnd# Girdqd IDrw4rd 203.7 1$t.460118 000 206.276 8S 18J.kn9.33 2,SOg.10 ,276.85
Seclion B Balance sheet at 31 December 2024 Sl Stephen's Church Aberdeen SC014120 Unr05tdcted lunds R•5thc nd$ Enthowmgrt lund Totol 2024 Totsl 2023 Flxed as3B18 Tangl1@ aig•i8 InvesentS Total lixed as8•t• F01 F02 F03 FD4 F¢ 172.317 96 o.uo O.L)O 0.00 17 172.217.g6 201,785 73 201.785. Curlent Dcbto Cash ai b8nk and in hand Totsl ¢ur¥ent •i•ts 9,557.01 9.67 1,690.4G 9.15 ,189.81 Crgdltor¥ falling dua wilhln y2ar 22,J48.24 22h48.24 5,184.89 14gt Gurr•nt iv•ts .142. 51. Credltorn falling due after one y¢8r 0.00 o.oo 0.00 0.00 Q.DO Ngt A¢MI¥ 181,4 9.33 Th• lund¥ of the Charlty End¢v81 furyds Raslrlct&d Incomg funds INots 131 Unresirlctod lunds o.uo 2.JD9.IJ 181,460.16 0.00 2,509.15 203,767.70 ,509.15 181.4601 u.ju Total fund Acuunlè •pprovod Wthe tnJ&tees un and lgr*d on Ih•ir oghall by th• SawDn CIwk•ndTtt•sww i).-i-o DI gporoval 1¥15
st En'# chtsh Pollc19$ AccDuntl Pollcles The principal accounting kolic. which have b88n 8ppli•l conslslantty in the CJjellt and precedino year in dealing wilh it8ms whicm are eonsk18red maleilai to the accounts. are sei out b61ow. Basis of Prepqratjon These ar£ounts h8ve been prepar8d on the ba51s ol hlstorlc cosilgxcept Ih8t InVe5knl5 are shown al rnarkel value) In acGordan(r wlth.. Attounlin9 6Nd Reportlng by ChaNlies- Statement of Recothrnended Pra¢• ISORP 2N51". Fund accountlng Th8 Funds of th8 Church tonsisl of the followlng.. nre .Unfeslricted fund8 are qv8ilabl8 for u8e at the dl$cretlon of the 8oafd in lurtheranc• ol tho 98n8ral objedlvè$ of the charty. Re¥lricted funds Rr8 $ublecl8d io rostrkknoni on Iholr eyndtture Impos•d bythe ijonor. End nlFu There are no endowm&nt funds. IDeornlng Ro¥¢urc All Incomlng resourc¢¥ are inGlud•d In the slaternent of flnanclAI Bctlvki¢y when the charfty 5$ , anlillod lo the ineome and Ihe amount can bÈ qJaniifi&J wllh r•aienab18 8ccuTrcy. Tha folhwing 1clI polics •r¢ appllad lo particularcal8Gories of Incorne.. Incornino resources frorn gr8nts. wtsre relaled to porform8nc8 and ¥ecific deliverabl•s. are QGounled fcT 85 the chailty earns tho f4ghl to conslderalbn by P8rtDrTr.ance. Unb$s incapable of financial mÈasuremenl, leg8Cs are cr¢ditsd 88 Ing)ma In the year In which ihey are recelvgble, The Trustee5 have daleimined thai Iheydo not r9ard £ legacy as roctivablo un1 probate h85 been granted in reS¢t of the legal¢è'& eslale. Thg value of services provided W voluDleerg has not been InU9 In those acojunts. Interest recelve(l 18 Included when receivable. Rosourr•B Expgnd•d Expenditure 1$ re¢ogniBed on an accNal bas1$ os a liablllty15 IDGuired. Any 51aff ¢o$l$, governanGO GQSIS 8nd iho rnajorlty of exhiblllon C1$ and 8UPPOrt cost8 Are itemB of oxponditur• •llocated so1• lo unrn8tricl8d fundj, Go¥¢rnance Gos15 InGlude Ihoso c051s #•soclaled with m•¢lSng the con•tttulional and sLalutory requ1mentS ol the Charity. Suppori Gosl$ indud• all properlyand adrnlnlstr8tlon costs. The 8o8rd h88 taken th• view not lo allocate Iheae costs bemren r8s+rfcted and unr8Stn"Gtod fvnds. Flx•d AJ#•ts Thtr charity hai the right lo octupy and usa lor It8 charrtabb objectlV8$ rtaIn tangIb Ilxed aydets. inGluding thg Church. hall and m8n$e. v8slod In Ihe ChufGh of Scotland Genaral TruJteeJ. No consideration pay8blo for th use of these Jssels. Expendilura Incurred on the repalr and rnilntanance of these assets 15 Charged as resources expended in IhB Stslemenl of Financjal Activities in the perlod in Whleh the IlabS1ty arkw, Invogtrn•nth Fixed asset invesknents are slated al market value at the balance sheet d4t•. Unrealijvd gains and 10sÉ6$ repre5entthe difference beiwoen the market value al the bpginning and ond of the financial ygar or. rf pur¢ha8ed In th¢ yuar. the diYer8nca be c0513nd market value at Ihe end ol the year. R8ali5ed goins and k)sses fepresent the differenp beee the proceed5 afjd dispD581 and the market value at the start ol the cr Nst rf purtha#ed in the yg?r. Taxation Sl Stephèn's Church 1$ recogniÉed a5 a chaTityfor the purpose5 of appI&ble taxation gislatiOn and is t*8r8fore not Subje to iaxatlon its oha",tsbk activities. Th8 charly is ftot registered for VAT and resources expended Iherefora include Coverb1e inpvt VAT.
hen, rmin rtol Unrestrl¢tsd Funds enoOi¥rnSnt Total 20Z4 20Z4 1014 l Dor•&tloM and LtqrKI 3U.UQO.49 7.990.68 0.00 0.00 45 055.88 0.00 0.00 o.oo 38.000.49 7,990.68 0.00 0.00 4S Q55.89 91 047.06 38,31111 7.788.13 Tax rgcaveted on GrftAid o.oo D.oa D.oo o.oo o.oo Valu@ of donal good4 omBr 0.00 12000 44,219 94 2 Incam• fpom Ch•rhbXtTr41l[•• 0.00 0.00 3 IncornwfrovD rtbFrlrndlnB 4cllYMI Rènt C1ved 740.00 740 00 0.00 ooo 0.00 0,00 740.00 740.00 880.0) 880 00 4 InweAtmeni In¢rffie OIVid&nds recafve 25. 2.56U.SO 9) 0.00 2 560.50 25605Q 1728. 1.728 ts) Tot•1 0,00 94.347.51 6 knily¥l¥ of Expendi& CJffènno knvBIOW$ 250.00 250.00 o.oo o.oo ESD DU 0.00 Charltsble •GtfvItIv•'. Plinl$ing¥ 8 Mis*itsn AllCUtIc Prqibw•ry 35,428.00 2,710.00 J,274.88 1,3JJ OQ 23,986.48 3,819.69 4.6J9.32 4.889 29 2.6eo.DQ 4gS 3eooTg 86.937 31 0.00 35.426 00 2,710.00 J.274 88 1,355 DD 23,988.48 3,810.69 4.e39.32 4.889.29 2.seo.00 98,033 00 0.00 3,304 43 330.00 4.eeo.e7 3.731.19 2.281.98 4,715.19 2,395.00 0.00 ooo o.oo o.oo 0.00 ooo 0.00 Fab¢lL S inaht•nAnc• Ccurdl e•14rtd liahl IniufAnc• Or9an & muilc Printin9. •t•boDory4nd pxlqg• Qtn•i expthisoJ 0.00 0.00 0.00 000 0.00 000 0.00 88 937.31 80.325 40 Tol•l 87 167.31 .00 87 117.31
7 staff artd nurnbDr4 Sal8naY waces SO1 5ecurtty cMi3 Total 00 0.00 o.oo 0.00 0.00 0.00 000 0.00 ' 0.00 0.00 0.00 0.00 2024 Numts¢r 2033 Numb•r Tho Qvafdgè numbor of ernFlOyI ratryearV1a5 foS1(x48' PrérniyP m#lnlwirK All Churchol S¢olAnd wrqrggabon• ¢xJnidbutetotro N41111 Slynd Fund wNeh beèr$ the costy(4allmifilB15.1tipfjlldY nd Orn0ve$tonthbUtic11gf0rThSIr#l Iniurdnc8, snd UsIng and 108n tsnd Mlnister&' stloendsare pald In occorfAnce with th? nauonal SC0. Ylhlch ia rallltqd to 1> ol 1•TVg For1 yaar undw ravlÉwthe mlnlrnu Abpqnd vJs £25,(M4 and maxknum sund lkn the fbvth wia )ubsaqu•nlyoars of £22,74&' I TNtsoR•rnunof4iion and Relatsd Party Translctlo IlJ94.86 g T•nglbl• FlxqdAsui E4ulpmont Totyi AI I J•DU4ry 2024 Addluon 0.90. o.oo Q.QD 0.00 DOO D.00 O.DO As at Jl D•cembef 2024 Aul•l•d O•prt¢lAtton At 1 January 2024 Charp fOrar Eirnlnatgd on dl8PWI& Al 31 D•Nfflb•r 2024 o.ou 0.00 0.00 0.00 0.00 0.00 o.oa 0.00 N•tBookV•lu• Al 31 5mbar 2024 Al 31 O•c4rnb•i 2024 0.00 10 In¥••kn•rrt 2023 Mathelvaluv llt31 Dwrnboi 202J £S.83 69.snoo 64,2•0. UnrgollBed gaini uoi•l on In¥qslmni¥ Mthl vdue •t 31 O•tswThb•r 2024 940800 59 972.00 £e.38 01977 00 Cash D•po$ll al c(ch Offlca 98.81 10J.78 Bank ol Scollapd lc Twg•hn 132.304.97 Tot41 InvlMn 172 317.96 201 785 73 InwBirnonl1 41 •1 31.323.59 31 323 $9 ol 8cou•nd Trguurer4 • 34,19P.BI 9.557.01 11 C•btor• O.OD 0.00 OverpuyThnl rfm & M {GIn to GTh} 12 Ereaitor5 Plucb Loyod Loprosy CofSM&M MlniStElS Trawjl JOR PropeFty 3.184.89 812.55 15,3Q7 QQ 480.00 763.80 5.184 80 22,Y8.24 5 184Ag
13 Anatvsls of NEtAssets4nono Funds Genernl Pg¥lqnat£d T•tsi InveMents Curr•ntAgi•li CunThtLiknlth N•tAsiets at JI D•c•mhr2021 ooo 00 .00 Taren0 Endwm•ntFund$ 14 Volunt4orn In C4anmcfi with all congreg&tons uf Lhe Grah of wngrryattor b&noffts frorn thecontritwjlbn mèdé byvoluntéètswho thdr bmeand ialents wllinqlyforlh&.beMfrt of Chuth The ale82 tsf congrega01 life vthich rely on the ¢tthbJboN ¢f ¥nteern many and varled much ofthe unable tO¢#nnUt w¢rè lin1.& coinmltmeniJhLVm. 11 Mo¥wn•nt In Fund¥ At31 D•Gimbir 2024 J•nuary TrRn4fe Endthmontfund¥ D.00 0.00 0.00 Alet•d Fund¥ Youlh Woth Fund Gr4luity Fund FabdG Fund pi•nipot txtsp Inc•ntr• siwtsi P4¢k• ooo 000. 9J.JO 1,157.72 50340 32.57 e36.43 8023 2,509.15 1.167.72 503.40 32.57 030 43 ho?3 2.50&.15 000 ono 000 000 0.00 o.oo 000 ooo o.oo Unrv4ty1¢l•d fvnJB Genw41 Fund 103 707.7Q 94 347 68 .29 467.77 181 460.IB TQWI fvn 10•.37¢.09 -J47. Thw•arnno Wd. Fotits luthr•n&af •wrflL aupportand f•llLw8h¥vRhin pnrflh. Fartsfvrf•r•rico wpport4nd f•lty%Yhlpv41Ih lh• pad*h.
APPENDIX FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES 2024 2023 CAPI AL ACCOUNT Credi¢ Balances held at 31 De£tmber &1 cost 3l,422.4( 31427.35 Market Value of BAlin¢es at 3l December 69 59 972.0(k 77 00