DUNDEE LAW PARISH CHURCH (Church of Scotland) Incorporatlng Coldslde Parlsh Church & The Steeple Church Dundee Congregatlonal Reference. No. 281727 Charity registration number SC014314 (Scotland) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
DUNDEE LAW PARISH CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Pilndp•l offi4rI Inlerlm MThJerairA lJ8n kn Sep 2024} Interim Mtyjerator IOLI to Nov 20241 Interim M¢>Jerator (Nov to M8r 20251 kntorim Modtrntor (From Mar 20251 Sesgon Clerk Churth Treasurer h•rlty number13¢oil•Trd1 SC014314 Prlnclpal addrM# nd8e Law P8rish Chur Churdl ol S(xthrnl Netheryale DD14DG Audllor BK P5 Limrted 144 Nethergata Dundee DD1 4EB
DUNDEE LAW PARISH CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Banko Royal Bank of Stxuand 3 High Street Dundee DD1 y
DUNDEE LAW PARISH CHURCH CONTENTS Pige Tnjslees. rewt kKlependenl aKlltortS Tepxt Statement of ftnandal 8GIfvIII88 10-11 88L8nce sheet 12 Notes to Ihe finandal st#ternents 13-27
DUNDEE LAW PARISH CHURCH TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trnstees present thelf arnU rerth statalts for th8 year 8nded 31 DnbOr 2024. The finano¥l slatemenls have been Fyeparyl in wilh the acccwntino t(4ic4es set out in note I IL) the n&tcial stalernents and csyryjty the Geeral hssembty RegulatiS for COnggètic1jaI FanCe, the Charities TTUSt88 Investment IS0)tland) Acl 105. tr Chwities AUnts ISrA>Uandl Rryulailons 2tW)6, FRS 102 'The FinanciJl Repwb'ng Standard apF4icet4e in h UK and Repubkc ol IreLan and the Chtyities SORP 'Accounting and R8wbng by Chantiè8: Ststèmant d Rmanded Pradice appth"cable to charities prep8ring th8ir 8rxounts In accordaru wrth the Fwwbcial R8t•knJ Sland¥d a{¥tat@ in thè UK •ftd R8pub&¢ of Iroland IFRS 1021.. Oblectlvtt &nd actlvftles The Churth of Scoljand is Trfn1tsri in ¢kKlne. Rel In Ir8<mtb and Presbyterian In polity. 11 exlsts to glorify God arKI to V¥)rk for the &Jvancent of Chrfst's Klrvjdffii through1 the world. As a national Church. 11 ad(nowl8dgos a thstinctive ¢1 arxl duty to briry the LYtknarTrLM d reINJ lo the people in every pari6h of Scouand through 8 territorial minlsty. tt ¢wper8t¢s with Ctr4Jrthes In v9ri0 Jmnl bodies In Scouand ond beyond. A¢livitios A¢Yvttl•• ol Dund•• Law PArl•h Churth . 2024 MINISTRY. RsHIP AND Nurn.. Our Iwo Wor•Np Cntrn• offff•ty Sund•y Swvk••. The Slaepbg Cenlm slarts 8110.30am ¥therè88 th6 cdd• Cantro $0ry1¢é stsrts al 11am. Around 50 10 70 pewe attend eac Sunday at the Sle8ple Centre ilh 8wKox. 30 peopb 8t tlie Culdsidg C.entre. In the first part 012024. the Sisep Chwth was tMIj an aswstanl mlnlster. He Conduct V•Eekty Sunday moming worshlp 8eMceJ. At Easier, he led a communbn sei¥sGe on ,Maundy ITriutsday, a Teneiae 80fMCè on Gord Fliday, Ihe Cd3e trgregaIn were invited to join at both of Ihese 6erw¢es and our servic8 on Eastèr gJndAy. DcrtJglAs' (thèr dutiès incljdod pastcrtl the wigregab.on and tyjtreach groups. The Cold8ldo Chwth was akn ln ¥8ncY 2024 $0 the ol the Sunday wore conduct•d by Rey Colin Dempstef. Dundea Law Parish Church w89 form¢d on &h Juty 2024 Coldsidè Clwrth JThJ The Steeple Church frm81ty united 8nd wero 211oc2ted Nvo IAinisters ol Word And Satt8m8nL It was a reed that foll¢)win the demi55ion of Rev ere appoinled to ulred. lead the Fnajority ol the semces al both k)catlons sutwrted by vlsrtkng For our young folk, SdaY school grpS meel the ser#ice. UrMTrMisity Students wè acb'vely wek))med to join worship and the congr¢gattry7. Both our I(al8 CtinUe 10 t•a and ff•• swved after worslw). rxoviding otWrtuty lor felkjwship. During the eaty sunvner peritsj a Geries of Sunday altwr activitS re rKganisèd c4f841ng a chance for people lo meet infomial¥. Prayer Ilfv of the crxyegaiiLVF wU0S on a regular basis SdaY e¥wlws ZOOM dunrg Ihe wlnier peflod and in pe0 thrirwJ BrilFsh Sumw Time. Our Pastoral Assistant slood dcvm trom the rde in June 2024 and it was agreed that pastcal SUP would be provided by Etders and other Irbe15 of the ccryegakn as Tequwed until knryer tsmi arrangements wuld be made. The Men's group haB cnnllnu&d trth m88t on a ThUlaY m(xriThJ. pro¥iding f8lkbtship for thos8 who 8ttbnd.
DUNDEE LAW PARISH CHURCH TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 INTERIM MODERATOR oloYAng NOMINATING COMMITTEE Due lo the planned Unicffl the nInall70 Commi was c&%ed. On the 31st ol Decemtjor 2024 wr m•mb•rshlp st<yJd at 223 momb•rs and have 17 adherents In the c(tyr8glon. ciry CEMTRE CHURCH GROUPING During Ihe year. meetings with othw iryty CtrO thurthes in the Lity grlIng were pul on hold unbl th• planned Unlon had leken 8Th1 new Mbn16ters wffe ASSISTAIU IINISTER I LOCUM APPOIPUMENTS nu&J as an Aswslanl kthniBteT unt4 21st Wsl 2024. S arwinted as a Locum bosed mwnly al the Sleeple Centre and -ts.rne As5islant Mnisler ai the Cddsde Centre from Seplember a8 Febwary 2025. THE ACTIVITIE3 OF THE CHURCH DURING THE VEEK The Porish NurnirvJ ServKe runains al the Steeple Centre. n has its Managemem Gmup. accountable to the Kirk Soswon of DLPC, and it is Self4dIng thrcwh grants and d0.05. The thtrin sessions CtinUe twlcl weekly, th small group8 and indmdual appntrnOrts thttyJgh other days of Ihe wed(. Average atlendanco al dro In s898ion8 is betrNeen 50 and 70 adufts. F$ a lew dogs. Amxoximatety 18 Fwle aro SUPF(Jrted wllhin small groups and inLlviduèl support sessions. Attendance at Dro}n Se$5 iotslkd 4907, 1057 at smal grou and Indidual s8SonS during 2024. 01 thos& atten¢ng, 75% Identsfy as mèn, 22% as women., 95% are un- churched. Most have struggles with substance use andlor gambling. Tha Christian Cn$611&n9 servlc• wllh whlch we have an agreemenl also prowdes six individual sessi5 per Yk in the SteerAe Centre lor people are engaging wth recovery SUPFKXt through wr team. Our stsffing Compris one ftth4Nme sakn'ed Pwish Nurne. e luH4ime salaried Recovery Support W(#er and tsyo pori-¥me VOnIe¢r Parlsh Nwses. +WI the Nur889 are on the Nursing and Mithmery Councl Rogisler. All Glaff hav professional indemnty insurance. We also have around 25 Vc4unt&er5, frorn various congregations and deTMinatnS. somè from no thLvth. Currenty five ol our voltee¢s are pecyle used lo altend for support. staff and Voknnteors coniinue lo bo re(XUi18d accordlng kn c d S 0cS. The Parish Nursing learn c(rtinue3 to womde peWFptred. whdwerson care. demcnslrotsng welcome. acceptance. respect and dignty for eath person. In our sale spwx. Icod, friendship and nnectn are provided. Many peoplg are also signposled to the many other services whcffn we Wofk dosefy, including NHS Heatth Indusion te8m, NHS Oenlal mots'le suryery. NHS Dn and Alcohd Rery)Yery Service. People are also referred by their th01. to Dundee and Anws FThx1 BanK to the many l(x)d lardgTS across Iho iity. and to many dropln services and Organisatn5 as apwopriate lo th&r ne&Js. kn that we ar6 hew by hawng th6 nde8 RKtsv¢ry Road Map, deveb)Fed by our team. Our Frf Parish Nurse is engagng in support Irk wlh hMen in the Dundeo Community Custodial Centre18elb Centre) once a wek. Over lasl year we have tsken seve1 Undergrad NU11g students fu*lime pla¢2Mts, very successfulty., their feedback is so very encouraging.
DUNDEE LAW PARISH CHURCH TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 We continue lo meet tho Marks of On 1hrh. 11 Reathing out into our [mun tho GDrAI ol the Gos[ and the k)¥e of the Saviour 2) Nurturing r¥ believers wi recovery KI ne44 lrfe in Chrtst 31 Responth"ng to the ne5 of very di&3(fvÈniagèd and Sligmatised groups of people in cur ¢)ty 41 Challenglng the injus11S anfl Inequallues of aLUSS to serylces that Llight th8 thves of our f8Mow ctttz8ns. 51 Pracb'sing our work in ways that reduce hami lo the en11mMI. ltrJ w(Yking 7Mth (wr Church EcrOUp. CrossR•ach al80 Cata In our Cdd8ide h&i5 IDf Ihctse in Yocovery fr(¥n addlG110n, Thé congregats'on is a mamber of ECO Congv•gaOon Scthd tr06 b•8n the sifvèr award by Eo) Congregat)nS Scotland. The euj gr(yJp is active in prom19 èc¥) issuès wthin wr thtxd) and eco aCtI711eS for church membgrs and the wder c¢)ngregation. The ¢hur¢h ig adivety P8ttiThpabng in the development a iyty centr• eco-garden with 0th8r mambws of th8 rity contm o)nYnunty induding Dunde8 Clty Coundl. Hol Chocotsle Trust and Scottish Water as part ol thing tthvard a Sutrfn1 the Gc4d E¢0-r8ga1k Awaryi in the firture. (rhe 5th Mark of mission to strive to 5aleguaTd the inlegnty ol cTralion.). Conn•ctlon• Café meets at The SteeFle Centrv. We c(18tte ith many othw 8tatulory arKI Ihlrd Sector agencies and members of other Dundge churches cneionS Café. is every Monday momlng and aims lo offer ffiendship and SUPFKKt. partiCLW by offthing $III¥KJrt in ma5t8ring Iho English knguage, lo those who have moved to Dund8è from olhw parts of the WkJ, espguaNy Ih05e who are refugees and asylum se8k8rs. The C8fé is slgffed by volunteer5 from the c0rwg81I and beyond 8nd over recent months has wolcomed guests from 17 nation#lltlu. 'C4fé Cold•lde', run by memb3 cl the congregation, opens on a 7hY>elty bas18 to de 8 nutrithous lunch In WBM aNJ w•lwnlng OnrOnMent lo anYe the coNnunty who wlshes to attend. On average 2540 guests arè shown love and hwla1Y oac week. Hot Chocolat• Trust, was lnallY sel up by Ihe Sle Chuth, u6es a pwi of the buildiryj for youth work and Is a hffjhty respected yoxth outrnach Tw) eklets Ihe Boanl. The congre9ation support Ih8m by Ilowing them the u8e of part ol the buikjing. This was agreed by the General Trustees and by Dundee presbyiery. consent being qiven for them to use these premises 8 len year penoj. Thelr work is based on their core values. whlc Indude.. viewSng young people as pe(wle. supixxting thdr hrAsllc develoFKnenl whlch r88llses physlc41, mental. ernoliCal. s11 and ¥#ntual polenb",' a ccrfnmunty With young POOFle whi¢h is Safe, welcoming and affirmbng to am: and tsjikling relaflonships based on Tesped and Iwst, relationships which are voluntary and two way. The Hot Ghocd¥le Team is keen to work ak9$Ide u$ kn The Sleeple and Offe an ¢Jpen itatIon to Sleep18 mambets to attend their annual cw16veMIg. Hou8• groups. The has 3 groups wth 1 grol methr¥J in the thurth during the day. The cther groups meet in an evening bolh in pers( Zl)OM accuth'r4J lo the ¥•ished ol pwb'(ipants. A Cr8ft Group meets logelher regularty and make cards and other PrlUCe, are then sold lo help raisg funds for Gongregats"onal and other causes. The was an Oryanid outing in late autumn lor members ts) sur¥th Pastcrtl C¥e. In addition lo the congregation acl5¥1, we have a hal lets group thal oversees the betbng out of our Sleeple Centre premises. Groups that use Ihis building regu thde the Parkinson's group. HeaOaY charity and the Paln Asswlioon. Peopte altrd these grwps frrNn Tayside and Angus area. Many of those attending are membws of other Churth of S10 crnaii¢J)s. CXK CokY&de Centre is also used by exmal (ganisati5 including SC. The Cddside 5ancluary 15 aso used every Sunday aftemow by Ihe Dundee branch rf th8 Nigerian Pent¢ct%l81 '1)gww Life Churi*'. World Mlssion activity has inctyjded adivdy swiry individuals and rsgani8aticS working in Pakistsn, Nepal. Uganda and on MerLy Ships both th prayer and finanLaal supprt 8ddthn we have h)ngStsT1ng links wtth BtythswoLhJ Care (annual SIKthx appeal), Chiistian Aid, Tearfund, Vine Twsl and Embrace the Middlo Ea$1.
DUNDEE LAW PARISH CHURCH TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 Achl•v•m•nts and p•rfonnanc• snifican1 8CtNRies and aChvementS against ObTrS 2024 saw the Union of The Steepk Chwth and Cohjside Churth c¥ealing Dundee Lgw Parish Churth. Tre Kirk Sessicx7 of Dundee Parish Churth (made up d Ehkn frrm the Icirk Sessions) hos been working effe1 together to devel¢)p pokies and ways Ofwng for the new Congre9akn based aLTOSS Iwo locas. Flnandal r•¥i•w Total income lor the year $ £586.720. of ¥thich £466.125 was unrestn.cted and £120.595 r8sldcted. Total expendttijrn in lh8 yur was £274,775, of £165.488 unrBstrideLI £109.287 rejtslcted. There wor8 revaluation gaÉn5 on investments Lrf £3,814, of £1.999 We unstrI¢j and £1,815 were restricted. Net movement in funds was £315.759 compared to £183.038 in the We¥U8 year. On the union of The SteeF4e C?r Dundee and Coldside Partsh Churth Dundee on iho 1st August 2024 fund$ of £338.582 re Iransf8rrod from Coklsidt Parish Church to lh8 nety n•mtrd Dund•e Law Churd). Th86e are added to th8 OnIng fijnds of The SteeFAe Church at 1st January 2024 01 £425.967 glvlng total ¢bNng funds of £1.080,308 al Ihe 31sl December 2024. 01 Ihese £877.118 is unrostricted and £197,874 15 restricted. The prinupal source of income 2024 has been givings the c(MgregatiC. Fr(Kn 2023, the open F4alo increased by 217%, wlh a de(ease of 14% lo the frewl. The gift •d. exckjding any ¥)erJal prt5. saw an crease of almost 5%. ThLs gave 8 cMiblned Incn8se d above 5% al the year end. The revenue from buikling18th'ng8 has akn rnw8ed frrm 2023 &)d hew to off8el any dèfioL FIMnd•l Tr•nshhn to Unlon The preparatlon of thè 2024 acc¥Junts has be d6ffloJlt becwse of dela In the transfer of Informalon relatlng to Coldside. There have a150 been rnateri lac15 lch onty came lo ght after the weparation of iha Cdd&de accounts. exwnde. dwges Ihe Ccldside IndeFdent Examiner and Utihty bils for Coklside prior to the uTrlon. ROseS policy The chanty trustees have ¢¢wJhJer¢d reserves reqre and have l•ken into •ettnt their current and fijture Ilabllllles. 11 Is the Trusiees. polcy lo hobj reserves of approxbmaiety six months expendiiure includlng deslgnÉted funds. Al the year end tho CIMJTth h•&J unrestrict8d funds d £877,118 of which £653,427 ha¢J bgen designaled for various funds. Thg rgmaining balance of £223.691, whK inchjdes a generous Leg8cy, satlsfies the re3eryes policy. The TnJstee5 are 8W8fe of the posw'bl• need kn lund (urth8r mawrtenanrn al lh• thurch and rnan. induding repairs. and may use the additional reserves for these pU#eS. The churth also held £197.874 d r•strid8d fimds have teen providod for the pur[eS 5pofAfifjd in Note 23. Proporty Man•g•m•nl The sle[8 Churth 8grn•d to $811 th8 Manse Ét omed uso Iho procaeds to pur8 8 now m(K8 sultsb hpuse that would mget nKJdem environmwtsl standards and be more wnflytable fLY a new Minister lo live Tn. The sale was ¢¢jjed on 1st November 2024 and a small grwp was further tasked with finding a propety that met the Churth of Scotland njles for manses and u)uld tAKchas8d within an agr•8d tAJdgot. In 18te 2024 a small deposit was paid to secure 8 new buikl propety eypo¢X8d to ready in wmmgr 2025. Th8 Coldsid8 manse was r8rrt8d out during 2024 and pkn were mad8 to 8nsure this h8• vKauhJ ba available for Ihe appryntmenl of a new Minisler in 2025. Investmgntwli¢y It is the policy of the trustees to invest the thariws endoThent funds in ethica companies w%th a wew to maximizing inc(Mne ¢)V8r lh8 methum48mi. Funds aro CenIty inv8st8d rn tha Churth of So)dand Inv8Stor Tnjst's Inme and Growlh Fund$, vthich satisfi¢$ thes¢ ¢rit¢ria and the perfcffiianc• of is kept under regular rtrview.
DUNDEE LAW PARISH CHURCH TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Mafvrtsks The fi)cus 15 now maintsinww Ihe Lwitrjing to a salaXryy staThJ8rd thile cknsety mcmrtoring costs in cffliparis with expendiiure. In order to more ac4xJr8ldy identify fvlure co8ts, we have in place B schedule of proposed Irfa orla r•placements and we intend to set asidè fvnir4J for this work vknan il bocom8s possiblè. Thi6 has 1)e6n oxtended lo cov&r all thé tMJildlngs of Dundee Law Parish Chwch. The congregation 1$ 8 Tegistved tharity. number SC014314. and is adminislexed accordanee with the lemis of the Unilary Consb"tution and subJefA to the RegulatiMs of the Genernl Assembly of the Church of Scotland. The trust88s who Ih8y8ar and up to date ol shwuwe of the ffinancial Slalements wwe.. (Resignod 31 August 2024) (Re51gned 30 November 20241 (Reslgned 30 November 20241 (Re8igTred 30 November 20241 (Resigned 28 FeLary 2025) All Member5 of ihe Kirt Ses510n are the caiity thjsiees. The Kirtl Sessirn mamt are the EerS of tha cthurch are c*05en frown those rnert¥ew5 of Ihe GhurGh are LSidered lo have the 4Jpropriate gifts and skllls. The minister, wtho is a member of Ihe Kirk Ses3icfi. is elected by the o)ngwab"on and inthjcted by Pwbytery.
DUNDEE LAW PARISH CHURCH TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 DUng Ihe 2024 y8. Intertm MLwJ&ators were ar¢thted by Pre$bery to oversee the njnnlng of the Kirk Sosslon business. The names cl the Interim Mc#Jerator5 aTE nobj page 2 as ty are akn Trustees during Iho period of their appoinlment. A8 a nov4 Union Ni 2024 tnde0 Law Pwish ChLth is wuired to operate the Unrtary C(1btutn 11 is Usual to have 44 meetngs Fer year of the Kirk 5K. hQYVer in 2024 have met approximately once month to lac41itale the un then enable apprOate ways of working to be set up the new congregation. None ofth¢ tsustees has any benefi31 int¢rest in the ¢ompany. Al of the tr10¢$ are mern of tha company and guarantee lo contiibule £1 In Ihe evenl of a vndlr¥J up. Stat¢m•nt of trut•e•' rNpon¥lbllltl•s The trustees aro responsible for weparlng the Trustws. RW and th8 finan¢i81 stateMts in aCcd9n¢O Voith apICatIe law and Urwled KirWom AccountiTrJ Standwth {United KKd0M enefally Accepted Accounting Pf8cts"ce). Th8 law applicabl8 to chartll8s In s(%nd (wr@S lh8 InJsl885 to pr8par8 flnandal stat8m8nts for 8ath flnandal year vthlth give a true an4J falr of the slate of aff3ws of the chadty and of the Inccrfnlng resources and PFliution of resources of the ¢harty Ihal year. In preparlng the58 fInCl 8taternert8. the trustees 8re Tequlred to.. - Select sultab5e ac£ounttng pdeS and Ihen appty them ¢51$ty. - obswve the method$ ano priros in the Charilies SORP.. - mak8 judgémfinls and oslimal8s that ar8 r8asonatA8 and rKud8nt.' - sla vthelher applic&le accouniw slandard5 have been f(knwed. SLW to Jny matwlal departures dlsdosed 8nd exklained in the fin8noal slatements.. and - prapare the finano#AI ¥t8tfjmwrts m the gtyng 1xM baoij unbss it is lnopw0p1* to pwum? that t chaty I GtinUe in operation. The tnsstees are responsit4e for keeping sufficient accounb.ry records that discl)5e V•ilh reasonable accaJracy at any me the flnand81 posnion of the thaty and enoble Ihem lo ensure that Ihe flnandal statements compty wtih the Charilies and Trustee Investrnenl Iscotbndl Ad 2(X)5, Ihe Charities knovnts (stkind) Regul8tions 2006 and the prOS1on$ of Ihe trust (leed. Y are also responstblg for 3algguardirrfJ the assets of thfr tharity 8n(I h8nce for taking rnasonablts stéps fof the prwjvenlion and ¢Jeteclion of fraud and olher irregul8ritses. The trustees. repJt was approved by Ihe Board olTrustses.
DUNDEE LAW PARISH CHURCH INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF DUNDEE LAW PARISH CHURCH Oplnlon We have audited the financial slatements of Lhjndee Law Parish Church (the 'than) Icff the year ended 31 Decornber 2024 vthlch comwi86 the st8tement of fift•wl 8CtsWts. the botsnc sheel and notes to the fm8n¢ial Statemts, including significant xcwnting Fdaes. The fmanc481 rfjtxyting fram6w(Mk that h8s apled thei¥ preparalicffi is aFp14cat4e law and United Ktngdom AccoLtnling Standards. induding Financial ReF¢Nting Standard 102 The Financial ReportMYJ Standard applKats in tl>e UK and Repubh"c of Ireland (United Kingdom GeneraMyAccepted Arxounting Prataice). In our opinicffi. the financial sto10nts. give a true and lair wew of the stale of the thari5 affairs as at 31 Decmbtt 2024 and of hs Incoming resources and Sp1¢tiOn of resources, foi Ihe year then ended; hove been prowly prepared in 8CCfyd8nce wlth Unkod lfjngdom Genwawy Accepted Accounttng Practi,. have been pvepared h) wrylh the ()wthyeB and Try1¢ knvestmont (Scotlandl Acl 2005 and ragUlIc 8 of tl)e Chaiitias Actnts IS(xlaThJl R8uuktion8 2006. B••li for oplnlon We conduGt8d our audri aCCdan v41th International Slandards Auditi'ng (UK) (ISAS (UKI) 8nd 8ppli¢able law. Our r8sponsibiliii8$ undèr IIM)se slandards are (urther dBscJibed in ihe Autlorfs responvAbiliti8s for Ihe audrf ol the lin8ncial slalemenls sect11 of cw rern We wo indep8ndwt of the thanty In a(%dan¢t woth the ethical reqLFiremenls that are relevant to aud¢t of Ihe financial statements rn the UK. rnrJding the FRC'S Ethical Standard, ènd we hav¢ fuffllled other elhuT resporthtres in a¢xcffdance wth these requirements. We believe that the audlt evldence we have olrtatr Is sufflclent ar approwlate to wovtde a basls fcy our oplnion. Emphuls ol matt•r Audited financial ststements were not required in Ihg period due to the audit It$hoth Ml being breached and therefore the comparative figurns are nDt audited. As pwl of wr audit of the ujrrenl Feriod. we verffled Ihe bank and debIS balances frc¥n the wevhws pwiLMJ Lwl dwj nol wlcym 8 I1 audit the prevK)us yearfs resulls. Our oplnion 18 not modified in rèspe of m•ttgr. ConcIlan• r•latln9 to golng conc•m In Buditing th& flnanrjal s18tem8nls. we h8vg withde(l thal the trustees, use ol th8 gdng concem basls ol accounting in Iha prgP¥8tion ol Ihe financial slatements ks apkYOWiate. Based on Ihe work we have performed. we have nol ideniffied any rnaterial unLTrt8inbe5 relalino to evenls or conditions thaL indiduaY or c(Aecbvety, may cast doubl on the thty'5 ablty to contwe as a going concem f(ff a penod ol al leasl from the rthS1 stslements arè aulhoris&J lor issue. Our resp).111ie5 Ihe rospMsibiSties ol the trustees wilh respeL to going con(xm are de¥cribed in th• relev8nt sections of thls r•ptyL Other Infomiatlon The other infomiallon comprlses ts Infomiauon Inthded Ihe annual rerlxt cther than the finaroal stslements and our audIS port the. The trustees ère the other information contained within the annual rep¢>rt. ()Jr opinion on the fin8nual ststements ¢kns nLrt cover the other Infoation and we do not express any fomi of 8ssufdnGe Gondu5ion thereon. Our rE5ponsit4Ity 15 lo read Ihe other inlcwrnation in doing so. considor whether the olher inforniation Is materiaHy incons8knt Ihe statements our knowledge obtained in th8 cours8 of Ih8 audiL or otheM8è 8PP8g to m8tati8ty misstaied. ff we identify mat181 inconsistenu8$ or apparent material misslatements, ¥ are wuired to detefftiino t*hether this gives iise to a materBI rnisstalement in the finanual statements Ihemsdves. 11. based on Ihe wort( we have performed. we rA>nclude th8t there is a material mlsstatemenl of thls other information. we are required to repcfft that facL We have nolhing to repmxt in thi5 rwwd.
DUNDEE LAW PARISH CHURCH INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF DUNDEE LAW PARISH CHURCH Matt•rn an whlch ar• r•qulr•d to r•port by •xc•p We have thing to rekvl in respecl of the folTh¥ing rnatter5 M Telat)n to the Chwilies rxwnts {Scotnd) Regulattrns 2006 requi us to rewrt lo rf. in ow the informall1 given in the finan(yal stateMts is in(xy)8isl&)t In any materi4 re8pe(I wlth the trustees, proper accounting records have not been keO: the finanaal statemenls are nol in agreement with Ihe acu>unting records: or we have nol re¢xlv8d 8H the Inlomiabon and 8xr4analkms reqre lor rAJf audtt. R•sponslblW•s of tpust• As exained more fully In the slalerwit of trustees. respcfflsibil'ties. the trustees are responsible for the prep8Tat¢on of Ihe financaal Slatemts and for being salisfJ thal they gNe a lrne and fair view, and for such inlgmal control a8 the truste6s d6t•m)ina is nassary to enable the Fryaratkn of finanual statements that ara frèa from m#t8ri91 misslalement. ether due to fraud or error. In prepanng the finanaal statements. Ihe trustees are responsible for 88888sing Iha ¢harOty'8 #blty to ojntinué 88 a gory th"sdowg. as apphcable. matt5 related to going concem and uslng the gdrvJ bas18 ol accwnlw Ihe Irusta8s th Intend to $0 q)gratlons. or have no realistsc aliemative bul lo do so. Audltoe¥ r•¥pon¥lbllhlu lor th• •udlt ol th• fln•ncl•l st•tsm We have been appointed os audrt( under s6dion 44(1 Ilcl ol the Ch8riti8s and TNst88 Invostrmenl (SfXtLgndl Act 2005 and report in acc(Kdan with the Act 8nd relevant rewlatirffis mad• or havlrwJ effect thereunder. Our Liedivos are to obtsln reas(xthlg assuran¢0 oiwl thothor tho flal SIatwn as o are fr•e from m8lerial misstatement, whether the to fraud cf error. and lo issue an auditorfs repul that includes OUT opinion. Reasonable assurance i¥ a high level ol assuranc but Is not 8 guarantee that an audit cCduCtOd in accordan with ISAS IUKI VAII alway8 detect a material nx5sLrytement vthen it e19. Misstatements can 8dse from fraud or error and 8re 0)ndered material rf. irKliMdualty u in the aggregale, they coukj re8srmbly b8 expe(aed to inlluen the economic dedslons of users on the basis of these financi81 stslemerrt5. The ex1ent to whlth wocedures are capaL4e of detecling iregulaiits, inthding fraud, B detsiled bek)w. At the pknnlng 81age, we 888e88 lh8 r18k of malwlal n¥sstalemenl and any such Srregulartties and d88ign audlt procedures taA(Yed to th888 fi8ks whid) VAI be fohyAd to ensure that we are capablo of meetiw oJr respOn%1.11tIes in Ihis arpa. Factors rethnt to our assessmw)L have a po8th Inyct on Ihe capabl#ty of procedures to detect such egularities. are the si2e ol the endty. the cc¥nplety of the entys operation$ and our undetstsnding of thelr regulalory and control enVirMents. The stsff working on Ihs audr* asswmeni have been tuty imiefed in relalion to Ihe rth&r16 adivltses, kncludlng the regulalory regime in which Ihey opernte. As part ol an audit in accorwjance vAlh Is (UK), we exercise wofes%(Thl wdgwnent and maintaln wofesslonal sceplicism throughout the 8udit. We 81so'. . Idenbfy and a88888 the rlsks of material mi8slalwwrt ol the fmancaal statements. ¥thether to fraud or eryor, design 8nd wrfomi audil prrxedwes respMsr4e to Ihose risks. 8fMI obtain evidence th81 is sufficierrt and appropriate to pmvide a basis our nIon. The risk of not detecting a material misstat8m8nt rasutting from fraud is higher than for resultmg from efror. as traud may involve cijlhJsKn. forgery, intentional omissions. misrepresenklions, or Ihe oveThide ol internal Cffitrol. Obtain an understanding of internal ccmtrc4 retevanl lo Ihe audit in cffder lo design audtt procedure3 Ihat are appropriate in the circYmstan. Ixrt rtot f( the wrpose cl ext9 an Opin rm Ihe efftiVeresS of the intemal control.
DUNDEE LAW PARISH CHURCH INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF DUNDEE LAW PARISH CHURCH Evaluatè Ihe apprWaten8ss of 8f>>Junllng pdk4e6 used the reatthabl8n8ss 01 ac£cyJnllng •sllmates and laled diSthSes majè ty the drecio . Evduate the overall presents11. struclure and crrtent d the finanual statements. ¥thdg the disdosures. and ether Ihe fintsaI Jlatements represent the underlymg transath"(ms and events in a rnanner that achieves fair presentati1. We communlrata with thaTged with govemm regarding. amcng thr matters. the pnnd scope and timing of thè audll and $lgnlfi(¥rrt audfft Ilndhgs, any sIgnIfint defKxeni¥8s In intemal control that we iflenknfy during our audiL A further desuiptiw of our resKX)nsibihti'•s is avalablts Fywncitil RertIng Cwncil's websile aL. https.'Il vhwi.frc.org.uklauditwsrespwsits.llies. This descnpboMI fm pwt d our audbtsrfs re[. Your attants'c 18 drawn lo ihe f8cI thal the charity h8s prepaj financi81 st•lMw)ts h 8txx)rd8nce with"Accounthng and Reporling by Charityes.. Slalement of RecxNnmended F¥ath"ce aPF4lcat4e to tharftles preparing their accounts In accordance wth the Flnanclal Repclng siarhjard apptheab In Ihe UK RePL1C ol Iraland IFRS 1021. las amended) in preference to the Accounung and Rep(xlYig by Charill85.' S(alement ol R8commend8d Practlca Issued on 1 1 XK)5 ¥thbth1s refweil to n the exlant reISti9 l)ut has now been wlthdrJwn. This has baen done in Cer for the finanLyal Statemts to wowda a tru• and fAir viaw in accanCe WFth curnnt GeneratyAcc4pted AC£th'rj I>rnLce. Use of our r•port This reporl is made scAdy lo the tharity's tsusiees, as a trthy. in acc(wdance Regulats'crt) 10 of thè Chanti8s Accnunts (Scotlandl RewlatIS 2008. Our •JOn wcrfk ttas b8en undertaken 80 th81 we mlghl slat8 to Ihe charity's Iru¥(#es Ih05e matters we awe reqvire(I to slate 1¢ Ihem an audilor S rep1 and Icff no olhew wrpose. To the fulleiil extent pernitted by l•w, we do not •¢pl w •wme ro$F•11.1itY to onyon• Ollw th8n Ihe th•rity and th8 chAn'ty'• trustees as a body, for audit wc¥K for this reFKNt. for the nic$ vle hava fcrfmed. ran us Charterod Ctirtified AGcg)untsnts 144 Neihergate Dursdee DD14EB 2A>L BK Flus Lvnited is elb3itle aFwinlment as ol the tharity by wrtue of its eloits.lity Icf appointmgnt a8 audllor of a comp8ny urKler seclh)n 1212 ¢X C11eS Art 2(.
DUNDEE LAW PARISH CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 CuTh•nt Iln•ncl•l y••r Total Totsl fund8 2024 2024 2tr24 2023 Income and end0entS from: Donations and Segaues Other trading ac¢iwlies Investments Other inGom8 128.767 49.509 3.528 284.321 117. 246.667 50.033 5.309 284.711 390,154 31.320 3,943 250 524 1.781 Total Incom¢ 466.125 120.595 586.720 425,667 EXp•ndIrfr on: Charrtabte adiwties 165.488 109.287 274.775 245,256 Total expdItre 165.488 109.287 274.775 245.256 Net galnsllb)ss8s1 on Investments 14 1,999 1.815 3.814 2,627 Net Inwn• and mgv•m•nt In fvnds 302,6 13.123 315,759 183,038 R•¢on¢lN•tlon of funds.. Fund balances al 1 January 2024 Coldside Parish Churth 81 l August 2U24 2,603 135,304 425.967 242,929 283.819 49.447 5,316 338,$82 Fund bknn¢•8 t 31 D•c•mb•r 2024 8T1,118 197,874 5.316 1,080.308 425.7 The statement ol flnanrAal adivilkn In1¢5 all gglns r¢¢ognW year. AJ InvJme and ¢VndUre derive from continuing aclivities. 10-
DUNDEE LAW PARISH CHURCH STATEMENT OF FINANCIAL ACTivmES (CONTINUED) INCLUDING INCOME AND EXPENDrfuRE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Prlor flnanclal year Total fundg 2023 fund 2023 2023 Income and end¢)wmwrtJ from: Donatlons legacies Other tradlng actiwtles Inve8lmènls Other income 244,673 31,320 2,659 145,481 390.154 31.320 3,943 250 1,284 250 Tot•1 In¢ome 278.852 147,015 42S,667 Exp•ndltur• on.. Chaiilable actkniies 127,149 118,107 245,258 Tot•1 •xp•ndltur• 127.149 118.107 Z45.256 Nel galnsl(kJsses) IrNeslnwnts 14 1.208 1.419 2.627 N•t InGom• •nd mov•rn•rt ln fvndl 152,711 30.327 183,038 R•c¢mclll•tlon of fund•: Fund balances 81 l January 2023 137.952 104.977 242,929 Fund balAnc•J at 31 D•c•mb•r 2023 290.863 135.304 425,967 11
DUNDEE LAW PARISH CHURCH BALANCE SHEET ASAT31 DECEMBER 2024 2023 Noi Flxed abs•ts TAngitA8 assets Investments 275.[ 44.924 17 35,921 319.924 35,921 Cu•Y•nl as•t• Dgblors Cash al t}k and In harrfl 26.752 751.752 24.994 373,543 777,504 398.537 Cr•dllorn: amounts f•Hlng du• rltNn on• y•ar (17.1201 18,4911 N•t curr•nt a•B•t• 760,384 390,046 Totsl ass•t• lem cwr•nt Il•bllth• 1,080.308 425,967 Th• fuDd• of th• ¢h•rfty Endowment funds Restricted incorTh8 fuNJs Unrestn'clwj lunds 21 5,316 197,874 877.118 135,304 290,663 23 1,080.308 425,967 The financ%81 stalements were approved by the trleeS on ......... .... . .. .... Tlwufol 12-
DUNDEE LAW PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcl•s Charity inforniation EhJndee Law Parish Churth 15 a is a regi51ergd dwty. numbw SC014314. WKI 15 a(kninislere(l in acnIanc$ th Ihe lerms ol the Uniiary constitu11c and is sui¥ed to Ihe Acas and RegulatK5 01 the General Assembly of the Church of Scotland. 1.1 A¢countlng COnV•ntlon The financial ststernents hove been Fvepared n 8Ct¥xdanc wilh the goveming document, the ChaeS and Twslee Inveslmenl {s8nd) Ad 2CK15. Ihe Ch8rllles Actnts (Scotlandl Regulations 2006, FRS 102 Yhe FlnanLyal RepLvtlng Stsndard apphCab in the UK and Repul4 of IrEland' and Ihe Charities SORP 'hmJunling and Repryts"ng by Chan15. sla1&Ynt of Recommend1 Pracb"ce applicable lo charities Preparfng their nts in acojrdance viti Finanoal Repcwb"ng Slandard aPFlicablo In tha UK and Repubbc of Ireland IFRS 102r. The charity is a Putc Benefil Entity as defined by FRS 102. The charity has lakon advantaw CA Iho wo¥is1 in th& SORP fty thiti'•s not to prepwo a statonenl of cash Ilm. The Ilnanclal 8tslem8nts are preparad In 8t8rfng. wtlch Is t Itha1 currency of the ch8rlty. Monelary amounts In these finandal statements are DjUnd to the n8are8t L Tho finana81 stat8m•nts havo undw lh• hthic81 cost con¥•nli(x) . Tha pn'ncip81 accounting poh'cies adLyt?d jre set wt beknw. 1.2 Golng conMrn At the Ilme of apkvo¥lng the fln8nd8181atwnents, th8 1rust5 have a reasonable expectalkjn that the chArfty ha$ adequate resources to conb.nue in operational existence for the forexeeatle fvture. Thus the tnBlees ccffjts'nue io adopi the CCbcwn basis of accoLmliry in weparing Ihe fanal ststoments. 1.3 CharftAbl• fund• Unreslrided fund6 are avkgbl8 lor use al the di8¢xellon of the tru8tee8 In fvrtherance of thelr dwritabl8 obAoctive8. Restricted fvnd8 we suLyect to gpeufic Conthb.ty by doncys ty yil(Y8 to they may be used. The purposes anij u808 of the restrKAed fvnds are sel oul in the nrJtO8 to the finaNial statements. End¢y•Tnent funds a 8uty.ecl lo speiific ¢(dIon8 by don(Ys that the capila must be Mainta[n by the tharity. 1.4 lftcom• In¢xrfne Is recogn15ed %then the dlarlty Is18galy entthd lo it after any perfnCe tr)n¢JittOn5 have been met. the amounts can be rneasured re&'W, and it is wthable that wl)Me will be received. Cash donab.ons are reccJntsed on receipL Olher dalS are reo)gnised once the carity has been nots.fied of the donal1, unless perfLYmanr NItiOnS wulre deferral of the am¢JJnt. Income tax reverable In relalion lo donalpN15 reved undw Gift Aid or deed5 of co¥enanl is regnISed at the time of the donabon. L898ci89 arn r•cognis•d on rwt or oth•rise rf the Ch has b••n nolified ol an IMndng di51ribution. the amount is known. is expected. Ir the is nol known. the legacy is treated as a onlinwt asseL 13-
DUNDEE LAW PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 AccoUnI Continu•dl 1.5 Expendlture Expend6ture Is rwnlsed orth there Is 8 legal ty crrnlnKJiva Cat to translar economlc b8nèfit to a thiid party, it is wobaue that a Iransf8r of acor1 bfft5 wlF be requir&J in Settlement, and the arnjnt of the oblytson can be measured rehatAy. Expenditure is da&wfied by adivity. The costs of oath aCtIty arg mado up of the total ol di costs and shared costs, induding wpcrft costs invdve41 in Urle"n9 eath a("wty. DId costs attn"bulat48 lo a single actlvlty we aMocald dlTr( to that •¢ttty. Shw8d D%ts vthich contritxrte lo more than one 8ctivty and SUPF4)rt costs whith are not attsibutat4e to a yngle activty are apFrfYttoned beknn those actiwilK8S on 8 basis ¢onsistenl with the use of re%rCes. Central slaff c¥)sts are all¢x8t8d on the basls of Ilme spent, and depr8ualfion tharge5 arg on the of the assefs use. 1.6 Tanglbl• flx•d a•wts The (arity has thè rit to OC4wpy and use Its tharflat4e ct4ectives certdn ianglble fixed assets, Indudlng the Chur¢h, halls, vesled in tho Church of ScollaTrJ General Twslees. The SteerAe manse was Sohj during the yeAr. No Consideration is p8yabl8 for the use of Ihese a$86ts. Expendiiure ineuffed c) Ihe repair and mainlwwK of these assets is clwgod as r8wces expended in the Statement ol Fln8nd81 Acll¥llles In Ihe perknd In the Ilabllty artses. AJI tangible fixed asset8 having a vakn to the dwity eater than year. cther than thoBe acquired for sp8cthG purwses, ar8 capitabsed. Tanglblg fixed assets arn inibdty measured at cost and sthequonty measurod at cosl or vahjallon, nel of deprecialion and any irywTnent knsseg. Deprndalon Is rncognlsed so as to wrtte off the rA)st ry Valu.( of 86sets18s8 thelr resldual valLbes ovar thelr useful h'ves on Ihg folNing bases: Freehohj land and tlIdIng5 Office Equlpment R•c¢Ydod at ci>st 20% sts¥Jhl line The galn or loss arlslng on the disw)sal of an asset is detemmned as the drfference tets¥een the sale proceed$ and the cming value ofthe and 1$ foc(wsed in the statement offinancid aciiwbe$. 1.7 Flx•d 4U•t Inv•8tm•nts Flxed asset inv&%tments arB In6tSally measured 81 trwtsaclkjn KYtr eXcrj tr8nSackn cthts, and 8r8 subsequendy measured al lair vakne at eath re(ffiirq dale. Changes In lalr value are recryJnlsed In nel inrA)rnellexpenditUTel the year. Transa(thn rxJsls are eypensvd 8s Inwrred. 1.8 knpalrm•rt of fix•d aM•ts At each reporting end date. the tharity reNie¥ts the carying aUnIS of its tangNI e assets to determine whether there Is any that those ass8ts have suffered impairment 105s. If any such irKlution extsts, the retx)¥erable am(AJnt of the assel is eslimal&J in or(ler lo delerrnine the extent of the impairment 10ss1rf 8nyl. 1.9 Cash and cash •qulval•nts Cash and cash equivalents indude cash in hand. depjsits held at call banks. other 8hort-lemi liquid investsnents wth origin81 mabjrities of Ihree *ss. and bank overdrats. Bank overdrafts are shown within t[rOwIngS in current kabiliti'85. 14-
DUNDEE LAW PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Acwinting polici {Contlnu•d) 1.10 FinanGial inslnjments The tharity has lo ar( the thskms ol Sth 11 'BasOc Flnand81 Instrumenis. and S8cllon 12 'Olher Financial Instwments Issues, of FRS 102 to of its financia instrum8nts. Flnandal In5trnments e rocoJnis&J in the cwWs bBlanc sheat tharity bacAynes party to the cwtraclual WOWLN)s of the inslrnmenl. Flnanclal assets ¥nd MktAlllÈs are offsèL w4lh the net arn wesented in the flnandal stat8menl$, vthen there is a kgamy enforceable nght to sel off the recognised arnounts and there is intention lo Se on a net b8sls or lo realise Ihe asset and settle the Ilabltty SThuft8n1$ly. Basic flnancl•l •ss•ts Bawc financid assets. wfilch IaUde dBbtLVS and cash and bank balances. are inlb81ty measured at transaction price induding transaction costs and sthequenlly carried al am(xtised cost using the effective int•resl method unless the artangemenl ¢cst11uteS a finanang transaction. vthere the transadi'on is measured at the pTrs8nl vahjo of thè fulure recepts diS¢)nI¢d at a mark•t rate ol interest. Financial as8et5 da88ifi8d a8 receIvae thin one year are not amortJ"sed. 8ask Ilnon¢lal Il•blHd•$ B8slc finandd Ilabl.e8. incbjdlng crodltCrfB and bonk k)8n8 8rn initl8ly recogni8ed 81 tr8ns8cllon pric8 Lmless the arrangement CstilU1eS a financing tran5adIC, vthefg the debi instmmenl 1$ measur8d at th8 pre8ent V81ue of the future P8yTnents di6cwnted at a mwkel rnte of Intere8L Financ4al liab'li8s d8$wfied 88 Payabla thln one yoar am not amorknsed. Debt Instrwnents arvj subsequenty at rKwllsed (x>8L uthg the effep Interest r8te method. Trade creditors are obligations to pay IC goods or servbces that have been acyulred in the crfdln course ol operallons from SUPlers. Afftjnts pay8t4e A dassrfied as currenl Nablllles Ir payin1 is due vlthin one year or less. 11 not, they are presented a5 n((lITTent h'ab'lities. Trade creditors are recognised inillally al Iransacticm price and subsequentty measurJ at amothed eo81 usHig the effective intefesl method. Dern¢ognhlon of Iln•n¢lal Ilablllrl•s Fln8ncial liabdilies are derecognised th8 tharttys c4JrnLMI ¢'Orts exrire or ar8 distharged or cancelknl. 1.11 Txtlon Dundee L8w Parish Churth is rocoynised as a tharity fEthe purpose5 of appbcable laxalion legislation and 18 ther8forn not subj to taxation on its dwiitstAè 8dpiib•s. The ¢arlty not rtered for VAT and resourcAVS expendod therefty¢ indvde irr8¢oWw8e input VAT. 1.12 Employ•e ben•fft4 The cost of any unused holaY enb"tlement is recwsed In the wic4J in Ihe emwee's services are recelved. Tembinalon beneffts are rew¥sed imffledlalely as an expense when the charity 15 demonstrabty Eommitted lo terninale the wnKA0nt rf an or to Frnde iernilnalion b. 15-
DUNDEE LAW PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 Crftlcal a¢counllng 0stlmos and ludg•mmts In the applicalion of Ihe tharivs acrxunts'ng FrfJfKlles, Ihe trustees are required to make judgements. eslim4tes Bnd assurnpticffi8 about the amount of as8ets and liabilities Ihat e not readity apparent from other sourGes. The 88MateS 8nd as80L¥ated a8surytior are based on hisk¥ical exp10 and other faclors that are (xjnsidered to be rele¥ant.Adual results rnay drfler frcn these estimates. Th8 estlmates and UndwIry gs9JmptiS are Te4fjEwed on an (Mrytiiry basis. Royision$ lo è¢)>)unllng 881irnates are raccnISj in tho penod in the estwnale is revised wthere the rwsion affects ClY thal poriod. or in the of the rn¥ision and lulwe wmxls thth•A8 tho afferts both lTent and futurn periojs. Incom• from donlon• and Total UnrnstrlGted R•strlct•d fund• lund# 2023 2Q23 Total nds 2024 fund• 2024 2024 2023 Donations and Legacies Grani8 128.404 363 117. 246,304 110,707 133.966 140.881 251,588 133,960 4,600 128.767 117, 246.667 244.673 145.481 390.154 In¢om• from oth•r tradlnq aGd¥lO•s Unrnstrfcted Reltrlcled fund¥ lund• 2024 2024 T¢)tsl Unr•*trlct•d R•itrlct•d fund• funds zr123 2023 Tot•1 2024 2023 Other Irme 49,509 524 50,033 31,320 31.320 In¢om• from Inv••lm•nts Totsl fvndi 2024 lund• 2024 fuTrd 2023 funds 2023 2023 Inctrne frDm unlisled investments Interest TVatIo 395 3.133 841 4.488 348 2.311 744 3,199 1.335 3,528 1.781 2.659 1,284 3,943 16-
DUNDEE LAW PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 h•r Incom• Vnr•5trict8d R¢strithd funds funds 2024 TDtal Rpstrithd lunds fundg 2023 2023 Total 2024 2023 N8t galrb L¥k disposal of tangible fixed assels Other income 283,823 283,823 888 250 250 284,321 284.711 250 250 17-
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DUNDEE LAW PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 ExpendSlure on chlvltable advmles Iconfjnuedl Supwt costs have not been separntdy thtified as the InJste¢s ¢(msider the is one tharrtable actimty. Therefore 8UPWt costs relate wtholy io thal acliW and have no¢ b98n 8epara¢dy identified Grants payablè 2P24 Granl from lntemali18I Fund 300 Support co•ts alloc•l•d to •¢tl¥ltl•# 2024 2023 Govemance costs 10.440 An•ty••d b•tw••n: Chwitable Adivilios 10,440 2024 202? Audit fees Accourrtan 6,480 3,960 10 N•t mov•m•nt In fund¥ 2024 2023 The net mrnel in funds 16 Btated after thw9N(5ting). Fees payable for the audii ol Ihe tharitvs fin8nual slalements Profit on dispos81 of langibkn fixed assols 6,480 1283.8231 11 Trustoes riro tho yew on8 Tn1•• r$V• pBymants for W•b Hothg Slee$. NLe of Ihe trustees lor any Fepdons conneL%ed with them) rerAved any remunvjration during Ihe year. No tntee or a person related to a trustee had pers(al in¢erest in any contract or transaction entered into by Gherity duting the year. During the year a lot* d £22.775 {£29.8512023) was donated to the rgregatIOn by Ihe Trustees. -20-
DUNDEE LAW PARISH CHURCH NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAI8ER 2024 12 EmaYS The average montNy number d empknyees duriry the yew was: 2024 Numb•r 2023 Number Ministerial support Parish Nurse Premises maintwance Organist Total Employmont co•ts 2024 2023 Wages and 8818ri88 68.574 65,309 AAI Church of Scouand congTegatlons cffiidbut8 IO thè Natbond Stlpend Fund whlch bears the cosl of all minlslers. sllpends and employeVs conlritsJbons lo natkmal Insurance, penslon and houslng ond loan fvnd. Minislers stipend$ are paid in accordance Mlh Ihe nati swnd vthich is rtlated lo years of semcg. For th8 yaar undor revlew the mlnlnxbm stlpand was £30.135 the m0muM slipand lin the fifth and subs8Wgnl ygw51 wgs £37.032. There were no omF4oyoo8 th08• reeratI was rnwe than £60.000. 13 Volunteer• In ccffnrn wrth all Congrngati0 ol the crth ot Scrthnd tho congrgg8ts bgnafils from Ihe contritAlions rnade by VOkrntee syho give their tirne and taknts vri¥ingty Ihe benefft of the Ctrrtjrch. Th8 areas ot ongregational life %thi¢h rety the ccffilrilli¢jn ol voknleers are many and varied and of the activity woukl be unat4e to conunue were ft nol lry Ihe crffimFlment shown. 14 Galn• and on Inv••lm•nl• Umistricted Re•trfthd fvnds funds 2024 2024 Tot•1 Unrn•trlct•d R•strlctsd fuhdts 2023 Total 2024 2023 2023 G8insl{knsses) arising c". Revaall ol 1,999 1.815 3,814 1,208 1,419 2.627 15 Taution The thanty is •xenV from taxati on its athibes because 811 its income is aF chaiitable purposes. -21
DUNDEE LAW PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Tanglblg flxod assets FT••hold knd and I'1din TOW Equipment Cost Al 1 Janu8ry 2024 Coldside Parith Church Manse 01.08.2024 132.859 132.859 275,000 275.0 .41 ?1 Drpernbw 2024 192.A40 4n7 A411 D•preclatlon and Impalrnnt Al 1 January 2024 132,859 132,859 At 31 December 2024 132,859 132,859 Canylng amount At 31 December 2024 275.000 275,000 On the 181 August 2024 the mans8 for Coldslde Pwlsh Churth wos trgn$f8Thed lo Dund88 Law Parfsh urch on Il's Unl wlth The Sloeple Churth Dund80. The manse at 9 Abercom Street Chjndee was Vaed by Ihe Tru8t8es at 3181 2024 al £275.000. Flxed assets not knduded in thè balance sheeL Coldde Parish Churth, Main Stree( ndee. Sloeplo Church, Nath8rg8t8. Dundae. The cginal cost (rf the tlaIngS are not known and have there1 not been induded because. In the oplnion of the Tnjstees, the c05t ol pn)feswcJnally vakjiry them lo include a value In the aCCots outweighs Ihe benefits th usefs of th& accounts. FIAi¥d laikn¥$6"i)ii•il• Unll•t•d Inv•$tm•nts Cost or VI110n At l January 2u24 Valuation change5 Coldside Parish Church Inveslmenls 01.08.2024 3i.¥£1 3,814 5.189 At 31 December 2024 44,924 Carrylng amount At 31 December 2024 44.924 At 31 Dgcembgr 2023 35,921
DUNDEE LAW PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Flx•d as%•t inv•stm•nts (ContSnu•d) Totsi Investments at 31 Dernber 2024 were £44.924 cl £18.228 we unreslncts¢J. £21,507 were restsicted and £5.189 were end(Ament fijnds. The foll(Mlng irNe8lFn8nts are h8kl wllh the Chunth of Srnuand InvestQTS TrusL General Purpose8 Chartes Smith Fund Sunday Sthoc4 Endowment Fund 2.810 un 3.200 units 100 unrts 547 units The endowment fvnd al#0 18 £2.000 In a NSI Bond. During the year investments a market va6 of £5.189. and (y)st of £4.454, wor8 transferred from Coldside Parish Church to nde& Law Parish Churth on th• wion with The Stoepl¢ ChLirth on the 1BI August 2024. 18 Flnanclal Instrument• 2024 2023 Crryln# imotsni of fln•ncll •M•ts Instruments measured ot lair vahje throWI profft c l)ss 44,924 35,921 19 Debtors 2024 2023 Amounts l•11Snq du• n on• y••r. Other deblofs Prep8yThents Ènd 8ccnJed Inccrfne 13,632 12.120 15,357 9,637 25.752 24,994 Cr•dltor•: •mounts f8llh)g due wlthln M• y•w 2024 2023 ArLruak and deferred Ino)me 17.120 8,491
DUNDEE LAW PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 21 Endowm¥nt funds En(lowmeni tunos rerffewt assets whicn must be nehy pernianenlly by Ihe Chm. Inccme anng on the end0vMnI lunds can be used in accordance wilh the obJ.ts of the thanty and IB induded as unrestricted Income. Any capll81 galns or kn8se8 all9 cm the asset3 form part of the fund. At31 D•G•mb¢r 2024 P•mian•nt •ndo¥wn•nts Benevol Fund C 8 FarquhafBon 3.316 2.0 3.316 2,000 5.316 5.310 On 1st AugLFSt 2024 endowment fvnds 01 £5.316 wefe tsnsferre(l from cok1de Parish Churth on the union vnth The Steeple Churth Oundee. The 8enevol8nt Is used IN s81 purposes at the dlscn1b offftè Klrk olS88810n. The C B Farquhar5 Fund- hrteresl Is 8lb(ted to f8Mc expendltum. 22 R•itrlct•d lund¥ The roslricled funds of tho ¢hity compris• the unexpd0d baLqnce8 ol donations grants hew cffl trust 8uty•ct to sp•crfl¢ c£1$ by dmY$ as to how they may b• used. Al 1 kn¢¢ynlng RourC Cold•id• Jy•ry re•our¢e• exp•nded Fund• at I 2024 August 2024 Galni and A131 Dec•rnber 2024 Charfes Smith Fund Flower Fund Sieeple Youth Fund Inlemational pre Parish Nurslng Vission PlaYGrp sleep Ski Club Conneclions Cafe Flower & Gift Fund Community Cafe 28,124 546 801 314 94.280 741 21)) 3.603 6.695 623 1,760 30.507 750 852 18 105.380 741 200 4,048 5,607 240 11,358 (1761 <211 (3001 1104,3911 17 55 115,491 445 3.111 (4.1991 240 11.034 524 (2001 Devefv)p¥nent Worker Ajoxander Ch]IM8 Fund 31.761 6.412 31,761 6.412 135,304 120,595 1109.2871 49,447 1,815 197,874 -24-
DUNDEE LAW PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 22 Restrlct•d fvnd• (Contlnuèdl Prevlaus y¢•r. At 1 kn¢offling Resourus Tr•nsfers r•r¢ gxpended 04lns loss•s A131 December 2023 2023 Charl8s Smlth Fund Flower Fund Steeple YcKrth Fund Inlemational ProieGt Pansh Nursing Dundee Nalivity Mlsslon PlayGrDUP Sleeple Ski Club Connections Cafe 26.314 529 402 115 141 140.180 150 (951 (3001 (801 1.376 28.124 546 801 314 94.280 723 318 63,763 43 1109.6631 11,1581 741 741 200 3,603 6,695 3,310 8,156 16,811) 104.97T 147.015 1118.107) 1,419 135.304 Ch•rl•• Smlth Fund .. TIMS 15 a fund lo as5iBt wth rnission at home •)d oversga$. Flowgr Fund . This is a fund to pmide flowers for dispkgy during ol Wofshlp. Steeple Youth Fund .' This Is a fvnd to be usod l(wards Iho a¢A1e$ of th8 youth groups. Int•matlonal Proled .' This is lor Church overseas. Parfsh Nurnlng '. This provides health checks, hol fwd & cc4Jnseling lo homel8ss individuals. Ound•• Natlvlty '. Th1s1s ¥ chrlskn.an èvent hdd as pwt of Dimdee's Chrtstmas Llghl Nighl programm8. St••pl• Skl Club .. This is members friends to go $kng in season. Con•ctIOnS CaN . Welc(¥ne and English language suptKi for evoryone. parucularfy rvfugees. Mlsjlon .' This is for rrHs5ion purposes. Coldilde C•fé . To wovid¢ nulribous lunthes and felw¥hip to Ihe community PlayGroup A sal• pl8c8s for chiklr8n of 81 ag8s 8nd nation81rt1es to meèt, make frlend8 and b•com ommunity. On the 1st August 2024 restrided fvnds of £49.447 were Iransferred from Qldside Pwlsh Church on th¢ unlon wlh The SteeFe Church Ddee. These funds induded: FI0r & Gift Fund.. TIHS is used to pTh¢Je IkAvws forthe Servic on Sunday. Communtty Cafe." This is for the njnning of the Ccffimunity Cafe. Communlty Development Worker". This 6s uwj f(x the ernF4oyment and aclivilie5 of the Communlty Development Wod(er. Alexandew Ogilvie Fund.. This 18 used the e rlthe (ngregatIOn and parish.
DUNDEE LAW PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 23 Unr••trlct•d lund• The unrestricted funds of the tharity cornpe the unexpended balances of donalions and ants which are not subject to spe(afic condibon8 by donors and grant è8 to how they may be used. These include d6signat8d funds vthich have b•on set aw(18 out of unrestrithd f1$ by Ihe trust888 fLY 8pedfic purpose6. At 1 January Coldsld• 2024 r••OUrc expend•d Funds at 1 August 2024 G•lns and IrAS• At31 D•c•rnber 2024 Fabrtc Fund General Purpose Fund- 23.618 24.200 52.236 1.257 1.999 55.492 Junior Church Fund- Des Reserve Fund Manse Fund - 767 14,145 767 14,145 275.0 275,000 Gentral Fund - Cold$ide Manse Sale - (6.0931 16,0931 283.823 180,463 283,823 229,784 Genèral funds 214,809 1165,4881 466.125 1165.4881 283,819 1,999 871,118 Pr•vlou• y•ar. At l J•nu•ry Incomlng R••ourc 2023 r•#ourc• •xp•nd•d Tr•n•f•r• Gain• lo••e At31 D•c•mber 2023 Fabiic Fund General Purpose Fund Gener81 funds 23,160 458 23,618 50.245 64.547 1.025 277,169 12421 242 52,236 214,809 1127,1491 137.952 278.652 1127.1491 29D,663 On 151 November 2024 Th8 sleep mans8 vrds sokl £285,245. The expenses cl sale were £1,422, vIng net funds of £283.823. These have en pla¢ed in a desi9nated Manse (und which be used to Purchase a new monse. £51 has been paid as a deposit lo sere a new buikl propwty expected lo be ready in sunmer 2025. This deposit is currenty inckjded in Prepawnents towards the cost of the new m8nse. On the 1st Augusl 2024 unwE5tr"cted fund8 of £283,819 were transferred from Cddside Pansh Church r)n the Uni( with The Stteple Churth Dundee. InclJd8d in these were the foknAng fijnds". Junlor Church D•slgnat•d Fund: bdcryiry to Ihi5 onjanisation and Under th* control of the Kirk Ses510n. Man8• DeBignatsd Fund.. represents the market vahje of the manse at 9 Abercom Street. Dundee. -26-
DUNDEE LAW PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 24 Analysls af n•t asuts b•lw••n lund• Unrestrlcled Re5tr1cted Endovfflient funds funds funds 2024 2024 Total 2024 At 31 D•c•mb•r 2024: Tang as8818 Inv8stm8nls Curr8nt assetsl{11obtlNlesl 275,0 18,228 583.890 275.000 44.924 760.384 21.507 176.367 5,189 127 877.118 197.874 5.316 1.080,308 Unr•¥tri¢t•d R•rICt Endo¥mi•nt funds lunds 2023 2023 Total 2023 2023 At 31 Do¢•mbw 2023: Investments Current asse1{liabltit$I 16.682 273,981 19.239 116. 35,921 390.040 2.663 135.304 425.967 25 Related party lrnn*actloM Th8r8 W8r8 rKJ dlsclosatl8 rel111 party transacllons during th8 y8ar (2023- ncfflal.