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 offi￿4￿rI￿ 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 P￿5 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 statal￿ts for th8 year 8nded 31 D￿nbOr 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 Ge￿eral hssembty Regulati￿S for COng￿gètic1jaI F￿anCe, the Charities TTUSt88 Investment IS0)tland) Acl ￿105. tr* Chwities A￿Unts 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 R￿￿manded 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 ¢kK*lne. Rel￿￿￿ In Ir8elty bas18 to ￿de 8 nutrithous lunch In WBM aNJ w•lwnlng On￿rOnMent lo anY￿e the coNnunty who wlshes to attend. On average 2540 guests arè shown love and hwla1￿Y oac* week. Hot Chocolat• Trust, was ￿l￿nallY 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. ernoliC￿al. s￿￿11 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 ak￿9$Ide u$ kn The Sleeple and Offe￿ an ¢Jpen i￿￿tatIon 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 Pr￿lUCe, are then sold lo help raisg funds for Gongregats"onal and other causes. The￿ was an Oryani￿d 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. HeaO￿aY charity and the Paln Asswlioon. Peopte altr￿d these grwps frrNn Tayside and Angus area. Many of those attending are membws of other Churth of S￿1￿0 crnaii¢J)s. CXK CokY&de Centre is also used by ex*mal (￿ganisati￿5 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 rsgani8atic￿S working in Pakistsn, Nepal. Uganda and on MerLy Ships both ￿th prayer and finanLaal supprt 8ddthn we have h)ngStsT￿1ng links wtth BtythswoLhJ Care (annual SIKthx appeal), Chiistian Aid, Tearfund, Vine Twsl and Embrace the Middlo Ea$1. DUNDEE LAW PARISH CHURCH TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 Achl•v•m•nts and p•rfonnanc• s￿nifican1 8CtNRies and aCh￿vementS against Ob￿Tr￿S 2024 saw the Union of The Steepk Chwth and Cohjside Churth c¥ealing Dundee Lgw Parish Churth. Tre Kirk Sessicx7 of Dundee ￿ Parish Churth (made up d Ehkn frrm the Icirk Sessions) hos been working effe￿1￿ together to devel¢)p pokies and ways Ofw￿ng for the new Congre9akn￿ based aLTOSS Iwo loca￿￿s. Flnandal r•¥i•w Total income lor the year ￿￿$ £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￿ un￿strI¢￿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 ne*ty n•mtrd Dund•e Law Churd). Th86e are added to th8 O￿nIng 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 pr￿￿t5. 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 IndeF￿dent Examiner and Utihty bils for Coklside prior to the uTrlon. ROse￿S policy The chanty trustees have ¢¢wJhJer¢d reserves req￿re￿ and have l•ken into •ett￿nt 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 $811 th8 Manse Ét o*med uso Iho procaeds to pur￿￿8 8 now m(K8 sultsb hpuse that would mget nKJdem environmwtsl standards and be more wnflytable fLY a new Minister lo live Tn. The sale was ¢￿¢￿j*jed on 1st November 2024 and a small grwp was further tasked with finding a propety that met the Churth of Scotland njles for manses and u)uld ￿ tAKchas8d within an agr•8d tAJdgot. In 18te 2024 a small deposit was paid to secure 8 new buikl propety eypo¢X8d to ￿ ready in wmmgr 2025. Th8 Coldsid8 manse was r8rrt8d out during 2024 and pkn were mad8 to 8nsure this h￿8• vKauhJ ba available for Ihe appryntmenl of a new Minisler in 2025. Investmgntwli¢y It is the policy of the trustees to invest the thariws endo*Thent funds in ethica companies w%th a wew to maximizing inc(Mne ¢)V8r lh8 methum48mi. Funds aro C￿enIty inv8st8d rn tha Churth of So)dand Inv8Stor Tnjst's In￿me and Growlh Fund$, 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 sal*aXryy 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 fvni*r4J 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 FeL￿ary 2025) All Member5 of ihe Kirt Ses510n are the c*aiity thjsiees. The Kirtl Sessirn mamt￿￿ are the E￿erS of tha cthurch are c*05en frown those rnert¥ew5 of Ihe GhurGh are ￿L￿Sidered 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 DU￿ng Ihe 2024 y8*. Intertm MLwJ&ators were ar¢thted by Pre$b￿ery to oversee the njnnlng of the Kirk Sosslon business. The names cl the Interim Mc#Jerator5 aTE nobj page 2 as ty are akn Trustees during Iho period of their appoinlment. A8 a nov4 Union Ni 2024 t￿nde0 Law Pwish ChL*th is wuired to operate the Unrtary C(*￿1btut￿n 11 is Usual to have 44 meetngs Fer year of the Kirk 5￿K￿. hQY￿Ver in 2024 ￿ have met approximately once month to lac41itale the un￿ then enable apprO￿ate ways of working to be set up the new congregation. None ofth¢ tsustees has any benefi31 int¢rest in the ¢ompany. Al of the tr￿10¢$ are mern￿ of tha company and guarantee lo contiibule £1 In Ihe evenl of a v*ndlr¥J up. Stat¢m•nt of tru*t•e•' rNpon¥lbllltl•s The trustees aro responsible for weparlng the Trustws. RW and th8 finan¢i81 stateM￿ts in aCc￿d9n¢O Voith ap￿ICatIe law and Urwled KirWom AccountiTrJ Standwth {United KK￿d0M e*nefally Accepted Accounting Pf8cts"ce). Th8 law applicabl8 to chartll8s In s(%￿nd (w￿r@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 fIn￿C￿l 8taternert8. the trustees 8re Tequlred to.. - Select sultab5e ac£ounttng p￿deS and Ihen appty them ¢￿51$￿￿ty. - obswve the method$ ano priro*s 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 lnopw0p￿1* to pwum? that t￿ cha￿ty I G￿tinUe 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 tha￿ty and enoble Ihem lo ensure that Ihe flnandal statements compty wtih the Charilies and Trustee Investrnenl Iscotbndl Ad 2(X)5, Ihe Charities knovnts (s￿tkind) Regul8tions 2006 and the prO￿S1on$ 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 8CtsWt￿s. the botsnc* sheel and notes to the fm8n¢ial Statem￿ts, including significant xcwnting Fdaes. The fmanc481 rfjtxyting fram6w(Mk that h8s ap￿led 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 sto10n￿ts. give a true and lair wew of the stale of the thari￿5 affairs as at 31 Dec*mbtt 2024 and of hs Incoming resources and Sp￿1¢￿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 Try￿1￿¢ knvestmont (Scotlandl Acl 2005 and ragU￿lIc￿ 8 of tl)e Chaiitias Act￿nts IS(x*laThJl R8uuktion8 2006. B••li for oplnlon We conduGt8d our audri ￿ aCC￿dan￿ v41th International Slandards ￿ Auditi'ng (UK) (ISAS (UKI) 8nd 8ppli¢able law. Our r8sponsibiliii8$ undèr IIM)se slandards are (urther dBscJibed in ihe Aut*lorfs 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. rnr*Jding the FRC'S Ethical Standard, ènd we hav¢ fuffllled other elhuT resporth￿tres 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￿$hoth Ml being breached and therefore the comparative figurns are nDt audited. As pwl of wr audit of the ujrrenl Feriod. we verffled Ihe bank and debI￿S balances frc¥n the wevhws pwiLMJ Lwl dwj nol wlcym 8 I￿1 audit the prevK)us yearfs resulls. Our oplnion 18 not modified in rèspe￿ of m•ttgr. ConcI￿lan• r•latln9 to golng conc•m In Buditing th& flnanrjal s18tem8nls. we h8vg withde(l thal the trustees, use ol th8 gdng concem basls ol accounting in Iha prgP¥8tion ol Ihe financial slatements ks apkYOWiate. Based on Ihe work we have performed. we have nol ideniffied any rnaterial unLTrt8inbe5 relalino to evenls or conditions thaL indi￿dua￿Y or c(Aecbvety, may cast doubl on the thty'5 ab￿lty to contwe as a going concem f(ff a penod ol al leasl from the rth￿S1 stslements arè aulhoris&J lor issue. Our resp￿)￿￿.111ie5 Ihe rospMsibiSties ol the trustees wilh respeL* to going con(xm are de¥cribed in th• relev8nt sections of thls r•ptyL Other Infomiatlon The other infomiallon comprlses ts Infomiauon Inthded ￿ Ihe annual rerlxt cther than the finaroal stslements and our audI￿S ￿port the￿. The trustees ère the other information contained within the annual rep¢>rt. ()Jr opinion on the fin8nual ststements ¢kns nLrt cover the other Info￿ation and we do not express any fomi of 8ssufdnGe Gondu5ion thereon. Our rE5ponsit4Ity 15 lo read Ihe other inlcwrnation in doing so. considor whether the olher inforniation Is materiaHy incons8knt Ihe statements ￿ our knowledge obtained in th8 cours8 of Ih8 audiL or otheM8è 8PP8*g to ￿ m8tati8ty misstaied. ff we identify mat￿181 inconsistenu8$ 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 {Scot￿nd) Regulattrns 2006 requi￿ us to rewrt lo rf. in ow the informall1￿ given in the finan(yal stateM￿ts 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 req￿re lor rAJf audtt. R•sponslblW•s of tpust• As ex￿ained more fully In the slalerwit of trustees. respcfflsibil'ties. the trustees are responsible for the prep8Tat¢on of Ihe financaal Slatem￿ts and for being salisf*J thal they gNe a lrne and fair view, and for such inlgmal control a8 the truste6s d6t•m)ina is na￿ssary 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 #b￿lty to ojntinué 88 a gory th"sdowg. as apphcable. matt￿5 related to going concem and uslng the gdrvJ bas18 ol accwnlw Ihe Irusta8s th Intend to ￿$0 q)gratlons. or have no realistsc aliemative bul lo do so. Audltoe¥ r•¥pon¥lbllhlu lor th• •udlt ol th• fln•ncl•l st•tsm We have been appointed os audrt(* under s6dion 44(1 Ilcl ol the Ch8riti8s and TNst88 Invostrmenl (SfXtLgndl Act 2005 and report in acc(Kdan￿ with the Act 8nd relevant rewlatirffis mad• or havlrwJ effect thereunder. Our L*iedivos are to obtsln reas(xthlg assuran¢0 oiwl *thothor tho fl￿￿￿al SIatwn￿ as o are fr•e from m8lerial misstatement, whether the to fraud cf error. and lo issue an auditorfs repul that includes OUT opinion. Reasonable assurance i¥ a high level ol assuranc* but Is not 8 guarantee that an audit cC￿duCtOd in accordan with ISAS IUKI VAII alway8 detect a material nx5sLrytement vthen it e￿￿19. Misstatements can 8dse from fraud or error and 8re 0)n￿dered material rf. irKliMdualty u in the aggregale, they coukj re8srmbly b8 expe(aed to inlluen the economic dedslons of users on the basis of these financi81 stslemerrt5. The ex1ent to whlth ￿ wocedures are capaL4e of detecling iregulaiit*s, inthding fraud, B detsiled bek)w. At the pknnlng 81age, we 888e88 lh8 r18k of malwlal n¥sstalemenl and any such Srregulartties and d88ign audlt procedures taA(Yed to th888 fi8ks whid) VAI be fohyA*d to ensure that we are capablo of meetiw oJr respOn%1￿.11tIes in Ihis arpa. Factors rethnt to our assessmw)L have a po8th* Inyct on Ihe capabl#ty of procedures to detect such egularities. are the si2e ol the endty. the cc¥nplety of the entys operation$ and our undetstsnding of thelr regulalory and control enVir￿Ments. The stsff working on Ihs audr* asswmeni have been tuty imiefed in relalion to Ihe rth&r1￿6 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 ext￿￿9 an Opin￿ rm Ihe eff￿tiVeresS 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 diSthS￿es majè ty the drecio￿ . Evduate the overall presents11￿. struclure and crrtent d the finanual statements. ¥thd￿g the disdosures. and ￿ether Ihe fin￿tsaI 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 p￿nn￿d scope and timing of thè audll and $lgnlfi(¥rrt audfft Ilndhgs, any sIgnIfi￿nt defKxeni¥8s In intemal control that we iflenknfy during our audiL A further desuiptiw of our resKX)nsibihti'•s is avalablts Fywncitil Re￿rtIng Cwncil's websile aL. https.'Il vhwi.frc.org.uklauditwsrespwsits.llies. This descnpboMI fm pwt d our audbtsrfs re[￿. Your attants'c￿ 18 drawn lo ihe f8cI thal the charity h8s prepa￿j financi81 st•l*Mw)ts h 8txx)rd8nce with"Accounthng and Reporling by Charityes.. Slalement of RecxNnmended F¥ath"ce aPF4lcat4e to tharftles preparing their accounts In accordance wth the Flnanclal Repc*lng siarhjard apptheab￿ In Ihe UK RePL￿1C ol Iraland IFRS 1021. las amended) in preference to the Accounung and Rep(xlYig by Charill85.' S(alement ol R8commend8d Practlca Issued on 1 ￿1 XK)5 ¥thbth1s refweil to n the exlant re￿ISti￿9 l)ut has now been wlthdrJwn. This has baen done in C￿er for the finanLyal Statem￿ts to wowda a tru• and fAir viaw in acc*￿anCe WFth curnnt GeneratyAcc4pted AC£th￿￿'r￿j I>rnL*ce. Use of our r•port This reporl is made scAdy lo the tharity's tsusiees, as a trthy. in acc(wdance Regulats'crt) 10 of thè Chanti8s Accnunts (Scotlandl RewlatI￿S 2008. Our •JOn wcrfk ttas b8en undertaken 80 th81 we mlghl slat8 to Ihe charity's Iru¥(#es Ih05e matters we awe reqvire(I to slate 1¢ Ihem ￿ an audilor S rep￿1 and Icff no olhew wrpose. To the fulleiil extent pernitted by l•w, we do not •￿¢pl w •wme ro$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 C￿￿11eS 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 end0￿entS 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•ndI￿rfr on: Charrtabte adiwties 165.488 109.287 274.775 245,256 Total exp￿dIt￿re 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,$82 Fund b*knn¢•8 *t 31 D•c•mb•r 2024 8T1,118 197,874 5.316 1,080.308 425.￿7 The statement ol flnanrAal adivilkn In￿1¢5 all gglns r¢¢ognW year. AJ InvJme and ¢Vnd￿Ure derive from continuing aclivities. 10- DUNDEE LAW PARISH CHURCH STATEMENT OF FINANCIAL ACTivmES (CONTINUED) INCLUDING INCOME AND EXPENDrfuRE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Prlor flnanclal year Total fundg 2023 fund 2023 2023 Income and end¢)wmwrtJ from: Donatlons legacies Other tradlng actiwtles Inve8lmènls Other income 244,673 31,320 2,659 145,481 390.154 31.320 3,943 250 1,284 250 Tot•1 In¢ome 278.852 147,015 42S,667 Exp•ndltur• on.. Chaiilable actkniies 127,149 118,107 245,258 Tot•1 •xp•ndltur• 127.149 118.107 Z45.256 Nel galnsl(kJsses) IrNeslnwnts 14 1.208 1.419 2.627 N•t InGom• •nd mov•rn•rt ln fvndl 152,711 30.327 183,038 R•c¢mclll•tlon of fund•: Fund balances 81 l January 2023 137.952 104.977 242,929 Fund balAnc•J at 31 D•c•mb•r 2023 290.863 135.304 425,967 11 DUNDEE LAW PARISH CHURCH BALANCE SHEET ASAT31 DECEMBER 2024 2023 Noi Flxed abs•ts TAngitA8 assets Investments 275.[ 44.924 17 35,921 319.924 35,921 Cu•Y•nl a*s•t• Dgblors Cash al t}￿k and In harrfl 26.752 751.752 24.994 373,543 777,504 398.537 Cr•dllorn: amounts f•Hlng du• r*ltNn on• y•ar (17.1201 18,4911 N•t curr•nt a•B•t• 760,384 390,046 Totsl ass•t• lem cwr•nt Il•bllth• 1,080.308 425,967 Th• fuDd• of th• ¢h•rfty Endowment funds Restricted incorTh8 fuNJs Unrestn'clwj lunds 21 5,316 197,874 877.118 135,304 290,663 23 1,080.308 425,967 The financ%81 stalements were approved by the tr￿leeS on ......... .... . .. .... Tlwufol 12- DUNDEE LAW PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcl•s Charity inforniation EhJndee Law Parish Churth 15 a is a regi51ergd dwty. numbw SC014314. WKI 15 a(kninislere(l in ac￿nIanc$ th Ihe lerms ol the Uniiary constitu11c￿ and is sui¥ed to Ihe Acas and RegulatK￿5 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 Cha￿￿eS and Twslee Inveslmenl {s￿￿8nd) Ad 2CK15. Ihe Ch8rllles Act￿nts (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 Chan1￿5. sla1&Y￿nt of Recommend￿1 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 Put*c Benefil Entity as defined by FRS 102. The charity has lakon advantaw CA Iho wo¥is1￿ in th& SORP fty th*iti'•s not to prepwo a statonenl of cash Ilm. The Ilnanclal 8tslem8nts are preparad In 8t8rfng. wtlch Is t￿ I￿￿tha1 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 1rust￿5 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 CC*bcwn basis of accoLmliry in weparing Ihe f￿an￿al ststoments. 1.3 CharftAbl• fund• Unreslrided fund6 are av*kgbl8 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 ¢(￿dI￿on8 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 perf￿n￿Ce tr)n¢JittOn5 have been met. the amounts can be rneasured re&'W, and it is wthable that w￿l)Me will be received. Cash donab.ons are recc*Jntsed on receipL Olher d￿al￿￿S are reo)gnised once the c*arity has been nots.fied of the donal1￿, unless perfLYmanr* ￿NItiOnS wulre deferral of the am¢JJnt. Income tax re￿verable In relalion lo donalpN15 re￿ved undw Gift Aid or deed5 of co¥enanl is re￿gnISed at the time of the donabon. L898ci89 arn r•cognis•d on rwt or oth•r*ise rf the Ch￿ has b••n nolified ol an IM￿nd￿ng 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 AccoU￿nI Continu•dl 1.5 Expendlture Expend6ture Is rwnlsed orth there Is 8 legal ty crrnlnKJiva C**at￿ to translar economlc b8nèfit to a thiid party, it is wobaue that a Iransf8r of acor￿1￿ b￿fft5 wlF be requir&J in Settlement, and the arn￿jnt of the oblytson can be measured rehatAy. Expenditure is da&wfied by adivity. The costs of oath aCtI￿ty arg mado up of the total ol di￿ costs and shared costs, induding wpcrft costs invdve41 in Ur￿le￿"n9 eath a(*"wty. DI￿d costs attn"bulat48 lo a single actlvlty we aMocal*d 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 ri￿t 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$86ts. Expendiiure ineuffed c*) Ihe repair and mainlwwK* of these assets is clwgod as r8wces expended in the Statement ol Fln8nd81 Acll¥llles In Ihe perknd In the Ilabllty artses. AJI tangible fixed asset8 having a vakn to the dwity ￿eater than year. cther than thoBe acquired for sp8cthG purwses, ar8 capitabsed. Tanglblg fixed assets arn inibdty measured at cost and sthequonty measurod at cosl or vahjallon, nel of deprecialion and any irywTnent knsseg. Deprndalon Is rncognlsed so as to wrtte off the rA)st ry Valu*.(￿ of 86sets18s8 thelr resldual valLbes ovar thelr useful h'ves on Ihg folNing bases: Freehohj land and t￿lIdIng5 Office Equlpment R•c¢Ydod at ci>st 20% sts¥Jhl line The galn or loss arlslng on the disw)sal of an asset is detemmned as the drfference tets¥een the sale proceed$ and the cming value ofthe and 1$ foc(wsed in the statement offinancid aciiwbe$. 1.7 Flx•d 4U•t Inv•8tm•nts Flxed asset inv&%tments arB In6tSally measured 81 trwtsaclkjn KYtr* eXc￿r￿j tr8nSackn￿ cthts, and 8r8 subsequendy measured al lair vakne at eath re(ffiirq dale. Changes In lalr value are recryJnlsed In nel inrA)rnellexpenditUTel the year. Transa(thn rxJsls are eypensvd 8s Inwrred. 1.8 knpalrm•rt of fix•d aM•ts At each reporting end date. the tharity reNie¥ts the carying a￿￿UnIS of its tangNI e assets to determine whether there Is any that those ass8ts have suffered ￿ impairment 105s. If any such irKlution extsts, the retx)¥erable am(AJnt of the assel is eslimal&J in or(ler lo delerrnine the extent of the impairment 10ss1rf 8nyl. 1.9 Cash and cash •qulval•nts Cash and cash equivalents indude cash in hand. depjsits held at call banks. other 8hort-lemi liquid investsnents wth origin81 mabjrities of Ihree *ss. and bank overdrats. Bank overdrafts are shown within t￿[rOwIngS in current kabiliti'85. 14- DUNDEE LAW PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Acwinting polici {Contlnu•d) 1.10 FinanGial inslnjments The tharity has lo ar(* the thskms ol Sth 11 'BasOc Flnand81 Instrumenis. and S8cllon 12 'Olher Financial Instwments Issues, of FRS 102 to ￿ of its financia instrum8nts. Flnandal In5trnments *e rocoJnis&J in the c*wWs bBlanc* sheat tharity bacAynes party to the cwtraclual WOW*LN)s of the inslrnmenl. Flnanclal assets ¥nd MktAlllÈs are offsèL w4lh the net arn￿￿￿ wesented in the flnandal stat8menl$, 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 SThuft8n￿1$ly. Basic flnancl•l •ss•ts Bawc financid assets. wfilch I￿aUde dBbtLVS and cash and bank balances. are inlb81ty measured at transaction price induding transaction costs and sthequenlly carried al am(xtised cost using the effective int•resl method unless the artangemenl ¢c￿st11uteS a finanang transaction. vthere the transadi'on is measured at the pTrs8nl vahjo of thè fulure recepts diS¢)￿nI¢d at a mark•t rate ol interest. Financial as8et5 da88ifi8d a8 receIva￿e ￿thin one year are not amortJ"sed. 8ask Ilnon¢lal Il•blHd•$ B8slc finandd Ilab￿l￿.e8. incbjdlng crodltCrfB and bonk k)8n8 8rn initl8ly recogni8ed 81 tr8ns8cllon pric8 Lmless the arrangement C￿stilU1eS 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$wfied 88 Payabla thln one yoar am not amorknsed. Debt Instrwnents arvj subsequenty at *rKwllsed (x>8L uthg the effe￿p￿ Interest r8te method. Trade creditors are obligations to pay IC￿ goods or servbces that have been acyulred in the crfdln￿ course ol operallons from SUP￿lers. Afft￿jnts pay8t4e A￿ dassrfied as currenl Nablllles Ir payin￿1 is due vlthin one year or less. 11 not, they are presented a5 n(￿￿(lITTent h'ab'lities. Trade creditors are recognised inillally al Iransacticm price and subsequentty measur*J at amothed eo81 usHig the effective intefesl method. Dern¢ognhlon of Iln•n¢lal Ilablllrl•s Fln8ncial liabdilies are derecognised th8 tharttys c4J*rnL*MI ¢￿'Orts exrire or ar8 distharged or cancelknl. 1.11 T*x*tlon Dundee L8w Parish Churth is rocoynised as a tharity fE*the purpose5 of appbcable laxalion legislation and 18 ther8forn not subj￿￿ to taxation on its dwiitstAè 8dpiib•s. The ¢*arlty not r*tered for VAT and resourcAVS expendod therefty¢ indvde irr8¢oWw8￿e input VAT. 1.12 Employ•e ben•fft4 The cost of any unused ho￿laY enb"tlement is recw*sed In the wic4J in Ihe emwee's services are recelved. Tembinalon beneffts are rew¥sed imffledlalely as an expense when the charity 15 demonstrabty Eommitted lo terninale the wnKA0￿nt rf an or to Frnde iernilnalion b￿. 15- DUNDEE LAW PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 Crftlcal a¢counllng 0stlm*os and ludg•mmts In the applicalion of Ihe tharivs acrxunts'ng FrfJfKlles, Ihe trustees are required to make judgements. eslim4tes Bnd assurnpticffi8 about the amount of as8ets and liabilities Ihat *e not readity apparent from other sourGes. The 88￿MateS 8nd as80L¥ated a8surytior￿ are based on hisk¥ical exp￿1￿￿0 and other faclors that are (xjnsidered to be rele¥ant.Adual results rnay drfler frc*n these estimates. Th8 estlmates and UndwI￿ry gs9Jmpti￿S are Te4fjEwed on an (Mrytiiry basis. Royision$ lo è¢)>)unllng 881irnates are racc￿nIS￿j in tho penod in the estwnale is revised wthere the rwsion affects C￿lY thal poriod. or in the of the rn¥ision and lulwe wmxls thth•A8 tho afferts both ￿lTent and futurn periojs. Incom• from don*lon• 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 Ir￿me 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 T￿￿VatIo 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- LDOrLn oaj **0 ¢D r 10 C33e4 *0 c•w• ¢JJ O r Irj * 10 I x In p ID ffj In oin tysin 10 ¢0 n* oui ¢Ji r rln In ID In Ir) v ¢0 iry In No) cl￿ (i(L2(L(L(ii￿I C OOott>L)J