## **Bennachie Parish Church of Scotland** ## **Trustees’ Report and Accounts For the Year Ended 31[st] December 2024** Congregation No.: 331911 Charity Registration No.: SC014790 **Bennachie Parish Church of Scotland Trustees’ Report for the Year Ended 31[st] December 2024** ## **Reference and Administra � ve Informa � on** Charity name: Bennachie Parish Church of Scotland Congrega � on number: 311911 Charity registra � on number: SC014790 Registered address: Church O ffi ce, Church Lane, Kemnay AB51 5QP ## **Trustees** Trustees are the Kirk Session of Bennachie Parish Church. Kirk Session comprises the ministers and the following elders: ## **Principal O ffi ce Bearers** ## **Assistant Minister** **Independent Examiner Bankers** ESP Bookkeeping, Alford Virgin Money, West High Street, Inverurie 1 **Bennachie Parish Church of Scotland Trustees’ Report for the Year Ended 31[st] December 2024** ## **Objec � ves and Ac � vi � es** The Church of Scotland is Trinitarian in doctrine, reformed in tradi � on and Presbyterian in polity. It exists to glorify God and to work for the advancement of Christ’s Kingdom throughout the world. As a na � onal Church, it acknowledges a dis � nc � ve call and duty to bring the ordinances of religion to people in every parish of Scotland, through a territorial ministry. It co-operates with other Churches in various ecumenical bodies in Scotland and beyond. ## **Structure, Governance and Management** The congrega � on is a registered charity, number SC014790, and is administered in accordance with the terms of the Model Deed of Cons � tu � on (Unitary Form). It is subject to the Acts and Regula � ons of the General Assembly of the Church of Scotland. Members of the Kirk Session are the charity Trustees. The Kirk Session members are the elders of the church and are chosen from those members of the church who are considered to have the appropriate gi � s and skills. The ministers, who are members of the Kirk Session, are elected by the congrega � on and inducted by the Presbytery. Within the unitary framework, the Kirk Session is responsible for the management of the church’s assets and for spiritual ma � ers within the church. The Kirk Session meets approximately six � mes a year. ## **Achievements and Performance** In our fi rst full calendar year since union, we con � nued to operate with a team ministry where the leading of worship and pastoral care was shared across the parish by ; this was done with the support of our assistant minister un � l October, when he le � to take up a posi � on in another parish. We held joint services of our congrega � ons in months where fi ve Sundays were present and these rotated around the various churches. These proved very popular and were an opportunity to get to know each other. Looking ahead, in 2025 we plan to hold joint services each month, during which Holy Communion will be taken. The extent and pace of ac � vity at our churches con � nued largely as it did prior to union, but now with local leadership teams providing oversight and management of local ac � vi � es. In terms of outreach, the Hope Café, Loaves and Fishes Café and Kintore Drop-in sessions remained popular and were supported by visitors from across the enlarged parish. Our care groups con � nued to provide outreach and support in our communi � es, and an essen � al part of this was communica � ng the news of the union and what it means for our parishioners. To this end, our new magazine has been well received. We con � nued to raise funds for locally supported chari � es, with Chris � an Aid and the Aberdeenshire North Foodbank being major bene fi ciaries. (A list of supported chari � es is included in the accounts.) Further a fi eld, funds raised by Hope Café and by events at Monymusk supported the drilling of a borehole and the provision of clean water for villagers at Chese, Gutu District, Zimbabwe, and Hope Café provided fi nancial support to pupils at Chikwanda High School, also in Gutu District. Our youth groups con � nued in the form of Sunday School and Mainly Music at Monymusk, Messy Church at Kintore and Sunday School and Li � le Lambs at Kemnay. A Summer Holiday Club was run during August, which was open to children across the parish, and it is intended to do the same in 2025. 2 Bennachie Parish Church of Scotland Trustees, Report for the Year Ended 31" December 2024 There were many other active groups and individuals working locally - arranging music, worship and fellowship, arranging social events, fundraising, looking after our buildings, taking care of safeguarding and data protection, and providing administrative support, amongst other activity. As rèportèd in 2023, many of our eldèrs and mémbèrs werè èngaged in lotal activities, yèt therè was also work to do in setting the direction of our parish-wide activitr'es, as we èxpected to benefit from the shared knowledge and shared resources of our unrted congregations. Our session committees for finance, communications, property and information technology have continued to function. An administration group was established during the yoar, and there was liaison between our care, youth and worship teams although these are not yet constituted as session committe8s. As part the agreed basis for the union and in furtherance of thè Presbytery plan, we are obliged to dispose of some of our church buildings. Sadly, we witnessed the sale of Cluny church and hall in July, with a final service led by Rev. Euan Glen on 16 lune. Also, offèrs for thè purchases of Midmar and Blairdaff churches were accepted, although these sales werè not completed by the year end. In addition, Kemnay manse was sold following the demission of Rev. Joshua Mikelson in 2023 and the consequent reduction in the number of ministers in the parish. Furthermoro, the sale of Old Blairdaff church was completed. In time, we hope to further develop our cooperation across the parish, and we look forward to a new and anthusiastic time togethar. Flnandal Revlew The Church's accounts are prepared for the full year from 1st January 2024 to 31st December 2024. Overall incomè for the year was £334,01212023'. £695,459). Our principal source of income was bv means of regular giving from members of the congregation. FWO and open plate givings for the year were £141,38212023'. £83,249). Other donations of £19,698 were received 12023.. £7,963),. these included ad hoc donations and contributions made through third-party giving organisations. Tax recovered under the Gift Aid and GASDS schemes was £33,74712023.' £28,3881. other notable sources of income included the Loaves and Fishes cafe, with income of £21,51812023.. £24,814) and hall lets at Kintore, Kemnay and Cluny totalling £16,23712023.. £9,612). We received a legacy of £IO.OCKJ from formerly of Kemnay. Overall expenditure for the year was £335.91212023.. £198.6121. Our main expenditure was the Giving to Grow contribution to the Church of Scotland. with our net contribution being £97,642 12023.. £65,433). This wa5 followed by property cost5 of £40.81712023.. 16,0101, salarie5 and staffing cost5 of £39,91612023.' £27,365) and Ènergy tosts Ihèatin8 and li8htin81 of £31,37712023= £17,441). During the year, wa racovared costs towards energy, property and insurance to the value of £45,890 from the Consolidated Fabric Funds held on our behalf by the Genaral Trustees12023'. £6,689). There were net gains on investments Imostly unrealisedl of £23,75512023'. £13,941). Overall, we had a surplus for the year of £21,85512023'. surplus of £510,788). We are grateful to all our members and friends who give regularly and generously to the work of the Church. **Bennachie Parish Church of Scotland Trustees’ Report for the Year Ended 31[st] December 2024** ## **Investment Policy** The Church’s investments are held in the Church of Scotland Investors Trust funds. The Church of Scotland Investors Trust provides three funds for investors. The Deposit Fund is used for short-term investment and aims to provide a high rate of interest. The Growth Fund is very largely equity-based and is used for long-term investment. The fund is operated on a uni � sed basis and aims to provide capital growth. Units can be purchased or sold monthly. Income is distributed gross in May and November. The Growth Fund is professionally managed by Newton Investment Management Limited, based in London. The Income Fund is used for medium-term investment and aims to provide immediate high income with funds invested predominantly in fi xed-interest securi � es and operated on a uni � sed basis. As with the Growth Fund, units can be bought or sold monthly with income distributed gross in March and September. The Income Fund is professionally managed by Royal London Asset Management, based in London. ## **Risk Management** The Kirk Session is aware of its responsibili � es for the safeguarding of the Church’s assets and receives reports from Session commi � ees and local leadership teams in order to iden � fy trends which might, if undetected, threaten the stability of our fi nancial posi � on. In par � cular, the following principal areas of risk have been iden �fi ed and these are set out here with the proposed mi � ga � on measures, which supplement our prayers for the Church. ## Declining Congrega � ons Despite our vision to grow the Church, there con � nues to be a challenge in a � rac � ng and retaining new members, especially younger members, in the parish, leading to an ageing congrega � on and ul � mately reduced numbers a � ending regular worship. In some churches, regular a � endances have not recovered following the Covid pandemic. This may be addressed by an outreach program, which is yet to be developed. ## Financial Sustainability A consequence of a declining congrega � on is reduced income from givings. Coupled with everincreasing opera � ng costs, there is a challenge to balance expenditure against income. Whilst we are fortunate to hold signi fi cant reserves, a sustainable outlook requires a year-on-year increase in income, including increased givings from the congrega � on. Ongoing mi � ga � ons include maximising the recovery of tax from Gi � Aid, maximising income from investments, and careful management of expenditure according to a budget. A Stewardship program, which is yet to be developed, will engage with members to review and increase their givings. ## Maintenance of Buildings All our church buildings have listed status, are well over 100 years old and o � en require specialist trades experienced with their fabric. Maintenance and repair can be expensive, and no contribu � ons are received from central of local government or any other external source. We address this risk through our property commi � ee and local teams, who regularly monitor our buildings’ condi � on and 4 **Bennachie Parish Church of Scotland Trustees’ Report for the Year Ended 31[st] December 2024** deal with any repairs. We also maintain part of our reserves in the Consolidated Fabric Funds to address emergency repairs. ## **Reserves Status** It is the Trustees’ policy to hold minimum reserves equivalent to six months’ ordinary expenditure, this being approximately £175,000. The minimum reserves shall be split between £75,000 (at cost) held with the Consolidated Fabric Funds to cover emergency property repairs. A further £100,000 (at cost) shall be held in our own unrestricted funds, including £50,000 on deposit for liquidity reasons. The minimum reserves are held to meet unexpected demands that cannot be met from normal income. Other than emergency property repairs, such demands might include prolonged cancella � on of services caused by health emergency or other civil restric � ons outside our control; deteriora � on of income levels due to declining membership, or increasing opera � ng costs, both scenarios requiring reserves to cover a period of transi � on as our ac � vi � es are matched to available income; or unforeseen liabili � es following the transi � on to the union. Surplus reserves above the minimum should not be held unnecessarily and should be available for use by the congrega � on to further the Church’s objec � ves. Where surplus (and minimum) reserves earn deposit interest and investment income, this income is important to meet our ordinary expenditure. Surplus reserves could instead be made available for funding of projects, equipment or ac � vi � es arising at short no � ce or otherwise not a ff ordable from ordinary income. The decision whether to hold surplus reserves for the genera � on of income or to spend them, will depend on the state of our fi nances and our opera � onal priori � es, and will vary from year to year. At year end, the Church had unrestricted (and non-designated) reserves of £333,560 of its own funds (at cost) plus £821,206 (at cost) held with the Consolidated Fabric Funds. Therefore, the reserves policy is sa � s ed. ## **Statement of Trustees’ Responsibility** Charity law requires the Trustees to prepare fi nancial statements for each fi nancial year, which show a true and fair view of the state of a ff airs of the charity and its fi nancial ac � vi � es for that period. In preparing those fi nancial statements, the Trustees are required to: - Select suitable accoun � ng policies and then apply them consistently - Make judgments and es � mates that are reasonable and prudent - State whether applicable accoun � ng standards and statements of recommended prac � ce have been followed, subject to any departures and disclosed and explained in the fi nancial statements; and - Prepare the fi nancial statements on the going concern basis unless it is appropriate to presume that the charity will con � nue in opera � onal existence The Trustees are responsible for keeping proper accoun � ng records which disclose with reasonable accuracy at any � me the fi nancial posi � on of the charity and to enable them to ensure that the fi nancial statements comply with the Chari � es and Trustee Investment (Scotland) Act 2005 and the 5 Bennachie Parish Church ol Scotland Trustees, Report for the Year Ended 31st December 2024 Charities Accounts (Scotlandl Regu13tions 2006. They are also responsible for safeguarding the assets ol the charity and hence for taking reasonable sieps for the prevention and detection of fraud and oiher Irregularities. Approved bythe Trustees and si8ned on their behalf. 8ennachie Parish Church of Scotland Trustees, Report foi the Year Ended 31 December 2024 Independent Emaminer's Report to the Trustees of Bennachie Parish Church of Scotland I report on the accounts of Bennachie Parish Church of Scotland for the year ended 31st December 2024 which are set out on pages 8 to 28 of this report. Respedlve Responsibilities of Trustees and Euminer The charity's trustees ton5ider that the audlt requirement of Regulation 10(Illdl of the Accounts RÈ8ulats'on5 does not apply. It is my responsibility t**Note **
**Income and endowments from:**
Donations and legacies
1
Charitable activities
2
Other trading activities
3
Investments
4
Other
5
**Total income**
**Expenditure on:**
6
Charitable activities
Raising funds
Other
**Total expenditure**
**Net income/(expenditure) before**
**gains and losses on investments**
Net gains/(losses) on investments
9
**Net income/(expenditure)**
Transfers between funds
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Total funds carried forward|**Unrestricted**
**Funds**
**2024**
£
200,846
54,371
219
17,227
53,434
326,097
328,248
170
3,211
331,629
(5,532)
21,915
16,384
1,171
17,554
569,618
587,172|**Restricted**
**Funds**
**2024**
£
3,981
-
-
2,150
500
6,631
3,842
-
-
3,842
2,788
941
3,729
(1,171)
2,559
60,171
62,730|**Endowment**
**Funds**
**2024**
£
-
-
-
784
500
1,284
441
-
-
441
843
899
1,742
-
1,742
23,212
24,954|**Total**
**2024**
£
204,827
54,371
219
20,161
54,434
334,012
332,532
170
3,211
335,912
(1,900)
23,755
21,855
-
21,855
653,002
674,857||**Unrestricted**
**Funds**
**2023**
£
116,475
46,878
215
7,101
453,427
624,096
189,620
296
-
189,916
434,180
12,453
446,633
659
447,292
122,326
569,618|**Restricted**
**Funds**
**2023**
£
3,125
-
-
632
50,857
54,615
8,696
-
-
8,696
45,919
962
46,881
(659)
46,221
13,950
60,171|**Endowment**
**Funds**
**2023**
£
-
-
-
382
16,366
16,748
-
-
-
-
16,748
526
17,274
-
17,274
5,938
23,212|**Total**
**2023**
£
119,600
46,878
215
8,116
520,650| |---|---|---|---|---|---|---|---|---|---| ||||||||||695,459| ||||||||||198,316
296
-| ||||||||||198,612| ||||||||||496,847| ||||||||||13,941| ||||||||||510,788| ||||||||||-| ||||||||||510,788| ||||||||||142,214| ||||||||||653,002| 8 Bennachie Parish Church of Scotland Balance Sheet At 31st D@c@mb@r 2024 Notè Total 2024 Total 2(I23 Fixed Assets: Tangible assets Investments 378 178 378 178 354 423 354 423 Totsl Fixed Assets Current Asse￿. Debtors Cash at bank and in hand io 20.755 19.108 292 147 311.255 Total Current Assets 306.199 L•bllltles: Creditors lalling duè within one year li 9.521 12.676 Net Current Assets 296 678 298 579 Creditors lalling due after more than one year Net Assets 674 857 653 002 The funds of the charity- Endowment fvnds Restricted funds Unre5tri¢ted funds 17 17 17 24,954 62,730 587,172 23,212 60,171 569,618 Total charity fund5 674 857 653 002 The account5 were approved by Ihe Trustees on 6th April 2025. **Bennachie Parish Church of Scotland Year Ended 31[st] December 2024** ## **Accoun � ng Policies** The principal accoun � ng policies, which have been applied consistently in the current and preceding year in dealing with items which are considered material to the accounts, are set out below. ## **Basis of Prepara � on** The fi nancial statements have been prepared in accordance with ‘Accoun � ng and Repor � ng by Chari � es: Statement of Recommended Prac � ce’ applicable to chari � es preparing their accounts in accordance with the Financial Repor � ng Standards applicable in the UK and Republic of Ireland (FRS102) e ff ec � ve from 1 January 2019, and the Financial Repor � ng Standard applicable in the UK and Republic of Ireland (FRS102), the Chari � es and Trustee Investment (Scotland) Act 2005 and the Chari � es Accounts (Scotland) Regula � ons 2006 (as amended). ## **Fund Accoun � ng** Funds are classi fi ed as either restricted funds or unrestricted funds, de fi ned as follows. Restricted funds are funds subject to speci fi c requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but s � ll within the wider objects of the charity. Endowment funds are funds which have been given on the condi � on that the original capital sum is not reduced, but the income therefrom is used for the purpose de fi ned in accordance with the objects of the charity. Unrestricted funds are expendable at the discre � on of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the discre � on of the trustees for a par � cular purpose, they are designated as a separate fund. This designa � on has an administra � ve purpose only and does not legally restrict the trustees’ discre � on to apply the fund. ## **Going Concern** The Trustees consider that there are no material uncertain � es about the ability of the charitable company to con � nue for the foreseeable future, and therefore has adopted the going concern basis in preparing these fi nancial statements. ## **Donated Services and Facili � es** Donated professional services and donated facili � es are recognised as income when the charity has control over the item, any condi � ons associated with the donated item have been met, the receipt of economic bene fi t from the use by the charity of the item is probable and that economic bene fi t can be measured reliably. In accordance with the Chari � es SORP (FRS102) the general volunteer � me of congrega � on members is not recognised. On receipt, donated professional services and donated facili � es are recognised on the basis of the value of the gi � to the charity which is the amount the charity would have been willing to pay to obtain services or facili � es of equivalent economic bene fi t on the open market; a corresponding amount is then recognised as expenditure in the period of receipt. 10 **Bennachie Parish Church of Scotland Year Ended 31[st] December 2024** ## **Interest Receivable** Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon no �fi ca � on of the interest paid or payable by the Bank. ## **Recogni � on and Alloca � on of Expenditure** Expenditure is included in the Statement of Financial Ac � vi � es on an accruals basis and is recognised when there is a legal or construc � ve obliga � on to pay for expenditure. ## **Fixed Assets** The charity has the right to occupy and use for its charitable objects certain tangible fi xed assets, including the Church, halls and manse, vested in the Church of Scotland General Trustees. No considera � on is payable for the use of these assets. Expenditure incurred on the repair and maintenance of these assets is charged as resources expended in the Statement of Financial Ac � vi � es in the period in which the liability arises. ## **Investments** Fixed asset investments are stated at market value at the balance sheet date. Unrealised gains and losses represent the di ff erence between the market value at the beginning and end of the fi nancial year or, if purchased in the year, the di ff erence between cost and market value at the end of the year. Realised gains and losses represent the di ff erence between the proceeds on disposal and the market value at the start of the year or cost if purchased in the year. ## **Taxa � on** Bennachie Parish Church is recognised as a charity for the purposes of applicable taxa � on legisla � on and is therefore not subject to taxa � on on its charitable ac � vi � es. The charity is not registered for VAT and resources expended therefore include irrecoverable input VAT. ## **Cash and Cash Equivalents** Cash and cash equivalents include cash in hand and deposits held at the bank and with the Investors Trust. ## **Debtors** Trade and other debtors are recognised at the se � lement amount due a � er any discount o ff ered. Prepayments are valued at the amount prepaid net of any discounts due. ## **Creditors** Creditors are normally recognised at their se � lement amount a � er allowing for any trade discounts due. 11 ## **Bennachie Parish Church of Scotland Notes forming part of the financial statements** |**1.**
**Donations and Legacies**
FWO scheme (Gift Aided)
FWO scheme (non Gift Aided)
Ordinary offerings (open plate)
Other donations (Gift Aided)
Other donations (non Gift Aided)
Tax recovered on Gift Aid incl. GASDS
Legacies
Value of donated goods
**Total Income**
**2.**
**Charitable Activities**
Weddings and funerals
Hope Café
Loaves and Fishes coffee shop
Catering
Use of premises (Church halls)
Table sales, fairs and other fundraising
Life and Work
**3.**
**Other Trading Activities**
Sale of goods and services
**Year Ended 31st December 2024**|**Unrestricted**
**Funds**
**2024**
£
108,317
16,596
16,469
2,500
13,220
33,744
10,000
-
200,846
5,655
2,745
21,518
1,595
16,237
6,453
168
54,371
219
219|**Restricted**
**Funds**
**2024**
£
-
-
-
-
3,978
3
-
-
3,981
-
-
-
-
-
-
-
-
-
-|**Endowment**
**Funds**
**2024**
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Total**
**2024**
£
108,317
16,596
16,469
2,500
17,198
33,747
10,000
-
204,827
5,655
2,745
21,518
1,595
16,237
6,453
168
54,371
219
219||**Unrestricted**
**Funds**
**2023**
£
65,047
11,828
6,374
20
5,443
27,763
-
-
116,475
3,195
966
24,814
5,955
9,612
2,210
126
46,878
215
215|**Restricted**
**Funds**
**2023**
£
-
-
-
2,500
-
625
-
-
3,125
-
-
-
-
-
-
-
-
-
-|**Endowment**
**Funds**
**2023**
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Total**
**2023**
£
65,047
11,828
6,374
2,520
5,443
28,388
-
-| |---|---|---|---|---|---|---|---|---|---| ||||||||||119,600| ||||||||||3,195
966
24,814
5,955
9,612
2,210
126| ||||||||||46,878| ||||||||||215| ||||||||||215| 12 |**4.**
**Investments**
Bank and deposit interest
Investment income
Sale of investments
**5.**
**Other Income**
Grants:
Benefact Trust
Dr. John Anderston Trust
Listed Placed of Worship Scheme
Receipts from General Trustees
Refunds
Transfer of union funds:
Blairdaff and Chapel of Garioch
Cluny
Echt and Midmar
Kintore
Monymusk
Other income (Note 20)
**Total Income**|**Unrestricted**
**Funds**
**2024**
£
5,019
9,454
2,754
17,227
-
-
995
45,890
2,937
-
-
-
-
-
3,612
53,434
326,097|**Restricted**
**Funds**
**2024**
£
1,249
901
-
2,150
-
500
-
-
-
-
-
-
-
-
-
500
6,631|**Endowment**
**Funds**
**2024**
£
433
351
-
784
-
500
-
-
-
-
-
-
-
-
-
500
1,284|**Total**
**2024**
£
6,701
10,706
2,754
20,161
-
1,000
995
45,890
2,937
-
-
-
-
-
3,612
54,434
334,012|**Unrestricted**
**Funds**
**2023**
£
3,325
3,776
-
7,101
-
-
-
6,689
4,286
45,945
105,197
148,271
95,126
47,876
36
453,427
624,096|**Restricted**
**Funds**
**2023**
£
281
351
-
632
1,750
-
-
-
-
1,517
14,081
17,734
6,387
9,389
-
50,857
54,615|**Endowment**
**Funds**
**2023**
£
246
136
-
382
-
500
-
-
-
-
5,616
8,960
-
1,290
-
16,366
16,748|**Total**
**2023**
£
3,852
4,264
-| |---|---|---|---|---|---|---|---|---| |||||||||8,116| |||||||||1,750
500
-
6,689
4,286
47,462
124,895
174,965
101,513
58,555
36| |||||||||520,650| |||||||||| |||||||||695,459| 13 |**6.**|**Unrestricted**
**Funds**
**2024**
**Restricted**
**Funds**
**2024**
**Endowment**
**Funds**
**2024**
**Total**
**2024**
£
£
£
£
**Analysis of Expenditure**
Charitable Activities
Giving to Grow allocation
97,642
-
-
97,642
Pulpit supply
1,710
-
-
1,710
Presbytery dues
7,706
-
-
7,706
Minister's vehicle & travel expenses
8,548
-
-
8,548
Ministers' council tax
13,302
-
-
13,302
Office and secretarial
2,282
-
-
2,282
Telephone & broadband
4,023
-
-
4,023
Salaries & staffing costs
39,916
-
-
39,916
Fees - organists and Church officers
4,599
-
-
4,599
Cleaning and materials
5,695
-
-
5,695
Property (repairs, servicing, cleaning)
39,067
1,750
-
40,817
Heating & light
31,377
-
-
31,377
Water
293
-
-
293
Insurance
16,189
-
-
16,189
Organs & music
996
146
-
1,142
ICT licences & software
4,221
-
-
4,221
ICT AV equipment
11,410
-
-
11,410
Youth
4,709
-
-
4,709
Outreach
2
-
-
2
Safeguarding
18
-
-
18
Care
19
119
-
138
Church magazine
2,530
-
-
2,530
Life & Work
210
-
-
210
Worship (incl. fellowship supplies)
1,800
34
-
1,834
Donations to third parties
5,540
1,610
441
7,591
Session
-
-
-
-
Governance
10,800
-
-
10,800
Finance and banking costs
180
-
-
180
**Analysis of Expenditure carried forward** 314,785
3,659
441
318,885|**Unrestricted**
**Funds**
**2024**
**Restricted**
**Funds**
**2024**
**Endowment**
**Funds**
**2024**
**Total**
**2024**
£
£
£
£
97,642
-
-
97,642
1,710
-
-
1,710
7,706
-
-
7,706
8,548
-
-
8,548
13,302
-
-
13,302
2,282
-
-
2,282
4,023
-
-
4,023
39,916
-
-
39,916
4,599
-
-
4,599
5,695
-
-
5,695
39,067
1,750
-
40,817
31,377
-
-
31,377
293
-
-
293
16,189
-
-
16,189
996
146
-
1,142
4,221
-
-
4,221
11,410
-
-
11,410
4,709
-
-
4,709
2
-
-
2
18
-
-
18
19
119
-
138
2,530
-
-
2,530
210
-
-
210
1,800
34
-
1,834
5,540
1,610
441
7,591
-
-
-
-
10,800
-
-
10,800
180
-
-
180|**Unrestricted**
**Funds**
**2023**
**Restricted**
**Funds**
**2023**
**Endowment**
**Funds**
**2023**
**Total**
**2023**
£
£
£
£
65,433
-
-
65,433
868
-
-
868
-
-
-
-
4,847
-
-
4,847
8,242
-
-
8,242
1,729
-
-
1,729
1,908
-
-
1,908
27,365
-
-
27,365
1,305
-
-
1,305
-
-
16,010
-
-
16,010
17,441
-
-
17,441
293
-
-
293
11,157
-
-
11,157
1,470
201
-
1,671
2,734
-
-
2,734
3,295
1,874
-
5,169
1,702
-
-
1,702
70
-
-
70
-
-
-
-
180
3,362
-
3,542
915
-
-
915
126
-
-
126
450
62
-
512
708
3,197
-
3,905
403
-
-
403
785
-
-
785
137
-
-
137
Incl. in property| |---|---|---|---| ||||169,574
8,696
-
178,270| 14 |**180**
£
**Analysis of Expenditure brought forward** 314,785
Supplies - Loaves and Fishes café & catering
9,389
Supplies - Hope café
415
Supplies - other charitable activities
689
Equipment
935
Maintenance
1,139
Work Experience
635
Other charitable
261
328,248
Raising Funds
Offering Envelopes
150
Rent
-
Supplies - Other fundraising
20
170
Other
Refund erroneous deposits
3,098
Other
113
3,211
**Total Expenditure**
331,629|**180**
£
**Analysis of Expenditure brought forward** 314,785
Supplies - Loaves and Fishes café & catering
9,389
Supplies - Hope café
415
Supplies - other charitable activities
689
Equipment
935
Maintenance
1,139
Work Experience
635
Other charitable
261
328,248
Raising Funds
Offering Envelopes
150
Rent
-
Supplies - Other fundraising
20
170
Other
Refund erroneous deposits
3,098
Other
113
3,211
**Total Expenditure**
331,629|**Restricted**
**Funds**
**2024**
£
3,659|**Endowment**
**Funds**
**2024**
£
441|**Total**
**2024**
£
318,885||**Unrestricted**
**Funds**
**2023**
£
169,574|**Restricted**
**Funds**
**2023**
£
8,696|**Endowment**
**Funds**
**2023**
£
-|**Total**
**2023**
£
178,270| |---|---|---|---|---|---|---|---|---|---| ||9,389
415
689
935
1,139
635
261
328,248
150
-
20
170
3,098
113
3,211
331,629|-
-
14
-
-
-
169
3,842
-
-
-
-
-
-
-
3,842|-
-
-
-
-
-
-
441
-
-
-
-
-
-
-
441|9,389
415
703
935
1,139
635
430
332,532
150
-
20
170
3,098
113
3,211
335,912||8,985
127
312
10,067
130
426
189,620
276
20
-
296
-
-
-
189,916|-
-
-
-
-
-
8,696
-
-
-
-
-
-
-
8,696|-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|8,985
127
312
10,067
130
426| ||||||||||198,316| ||||||||||276
20
-| ||||||||||296| ||||||||||-
-| ||||||||||-| ||||||||||| ||||||||||198,612| 15 ## **7. Staff Costs and Numbers** |||| |---|---|---| |**Staff Costs and Numbers**
Wages and salaries (net)
Income tax and National Insurance contributions
Contributions to workplace pension scheme
Employee mileage
Payroll administration costs
Pension administration costs
Total
The average number of employees during the year was as follows:
Office administrators
Loaves and Fishes manager
Church officer
Cleaner|**2024**
**£**
33,591
3,922
1,404
399
420
180
39,916
**2024**
**Number**
1
1
1
0.8
3.8|**2023**
**£**
25,137
920
750
-
378
180| |||27,365| |||**2023**
**Number**
1.3
1
0.3
0.3| |||2.9| No employees received employee benefits (excluding employer pension costs ) of more than £60,000. All Church of Scotland congregations contribute to the National Stipend Fund which bears the costs of all ministers' stipends and employer's contributions for national insurance, pension and housing and loan fund. Ministers' stipends are paid in accordance with the national stipend scale, which is related to years of service. For the year under review the minimum stipend was £31,642 and the maximum stipend (in the fifth and subsequent years) £38,884. ## **8. Trustee Remuneration and Related Party Transactions** One trustee received remuneration from their employment with the charity. received net salary of £3,946 (2023: £13,572) as Loaves & Fishes Manager to April 2024 plus pension contributions of £167 (2023: £587). received net Three trustees had total expenses incurred by the charity of £19,738 (2023: £13,782) for ministers' council tax, telephone and broadband at manses, and ministers' travel. There were no related party transactions. A total of £49,834 was donated to the charity by Trustees (2023: £29,955). ## **9. Investments** |**Investments**||| |---|---|---| |Additions
Disposals
Realised gain/(loss) on investments
Unrealised gain/(loss) on investments
Net gain/(loss) on investments
Market value at 1st January
Transfer of union balances (as investments)
Market value at 31st December|**2024**
**£**
-
(2,754)
113
26,396
23,755
354,423
-
378,178|**2023**
**£**
-
-
-
13,941| |||13,941
37,854
302,629| |||354,423| 16 |Investments at cost (31st December)
The following investments are held:
Church of Scotland Investors Trust Growth Fund
Church of Scotland Investors Trust Income Fund
**10.**
**Debtors**
Gift aid tax refund due
Owed for use of premises & catering
Refunds due
Prepayments
**11.**
**Creditors**
Accrued utility expenses
Accrued ministers' expenses
Other accrued congregational expenses
Agency collections to pay
**12.**
**Analysis of Net Assets among Funds**|**2024**
**£**
205,771
297,761
80,417
378,178
**2024**
**£**
16,897
1,405
431
2,024
20,755
**2024**
**£**
2,920
3,526
2,336
740
9,521|**2023**
**£**
207,006| |---|---|---| |||274,733
79,690| |||354,423| |||**2023**
**£**
11,139
2,815
3,185
1,970| |||19,108| |||**2023**
**£**
4,121
2,918
4,660
977| |||12,676| |||| |Fixed Assets
Investments
Current Assets
Current Liabilities
Net assets at 31st Dec 2024
Fixed Assets
Investments
Current Assets
Current Liabilities
Net assets at 31st Dec 2023|**Unrestricted**
**£**
-
322,414
176,289
(7,561)
491,142
**Unrestricted**
**£**
-
297,405
171,932
(10,727)
458,610|**Designated**
**£**
-
18,464
78,786
(1,220)
96,030
**Designated**
**£**
-
21,557
90,230
(779)
111,008|**Restricted**
**£**
-
22,437
41,032
(740)
62,730
**Restricted**
**£**
-
21,497
39,845
(1,170)
60,171|**Endowment**
**£**
-
14,863
10,091
-
24,954
**Endowment**
**£**
-
13,964
9,248
-
23,212|**Total**
**£**
-
378,178
306,199
(9,521)| |---|---|---|---|---|---| ||||||674,857| ||||||**Total**
**£**
-
354,423
311,255
(12,676)| ||||||653,002| 17 ## **13. Contingent Asset** N/A. ## **14. Volunteers** In common with all congregations of the Church of Scotland the congregation benefits from the contribution made by volunteers who give their time and talents willingly for the benefit of the Church. The areas of congregational life which rely on the contribution of volunteers are many and varied and much of the activity would be unable to continue were it not for the commitment shown. ## **15. Collections on behalf of Third Parties (Agency Collections)** These collections and disbursements are not part of the income and expenditure of Bennachie Parish Church. |Christian Aid including Christian Aid Garioch
Aberdeenshire North Foodbank and Trussel Trust
National Evangelical Church, Minyara, Lebanon
DEC/Christian Aid Emergency Appeal
Archie Foundation
Charlie's House
Poppy Scotland
Aberdeen Cyrenians
Alehousewells School (for British Red Cross)
Cycling without Age
Alehousewells School Sensory Garden
Friends of Anchor|**2024**
**£**
2,475
2,112
1,034
974
380
195
167
121
15
-
-
-
7,472|**2023**
**£**
902
938
-
-
200
-
99
225
-
98
46
25| |---|---|---| |||2,532| **16. Donations from Church Funds to Third Parties** |**Donations from Church Funds to Third Parties**||| |---|---|---| |Water Project, Chese Village, Zimbabwe (Hope Café Fund)
Local Disbursements from Charitable Funds
Chikwanda High School, Zimbabwe (Hope Café Fund & Monymusk disco)
Water Aid (Hope Café Fund)
Aberdeenshire North Foodbank (Hope Café Fund)
The Square, Kintore (General Fund)
Wee Rascals Nursery, Kintore (General Fund)
IDCT (General Fund)|**2024**
**£**
4,015
2,051
1,160
200
200
(200)
114
50
7,591|**2023**
**£**
-
2,547
290
-
-
200
-
100| |||3,137| 18 ## **17. Movement in Funds** |**Movement in Funds**|||||||| |---|---|---|---|---|---|---|---| |**Unrestricted Funds (incl. Designated Funds)**
General Fund
George & Catherine Duncan Memorial Fund
(C)
James Walker Bequest
(C)
Margaret Grant Bequest
(C)
John Walker Legacy
(C)
Elizabeth Dickson Legacy
(C)
Martha Dickson Legacy
(C)
John Urquhart Legacy
(C)
Agnes McCullum Forbes Bequest
(C)
Peter & Jemima Walker Memorial Fund
(C)
John Donald Bequest
(C)
Elizabeth Harper Memorial Fund
(C)
Hugh Ross Legacy
(C)
Henry H Patterson Legacy
(C)
Fred Henry Legacy
(C)
Celia Jane Duthie Moir
(C)
Webster Bequest
(C)
Cluny Legacies
(C)
Hope Café Fund
(EM)
TV Screen & AV System
(EM)
Church Centre Fund
(KE)
Loaves & Fishes Fund
(KE)
Equipment Replacement Fund
(KE)
Special Projects Fund
(KE)
Kemnay Youth
(KE)
Centre Windows Replacement
(KE)
Little Lambs of Kemnay
(KE)
Drop-in Fund
(KI)
World Vision Fund
(M)
Manse Fund
(M)
Music Fund
(M)
Mary Simpson Fund
(M)
Flower Fund
(M)|**At 1st January**
**2024**
**£**
458,610
77
3,948
1,432
678
326
574
276
1,060
202
88
22
88
88
110
2,326
9,413
-
2,585
6,734
4,705
7,846
46,766
897
1,426
16,380
993
676
23
787
258
208
20
569,618|**Transfer of**
**Union Funds**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Income**
**£**
278,554
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
65
5,245
32
11,636
23,482
2,328
30
116
3,137
809
625
0
28
2
7
0
326,097|**Expenditure**
**£**
(283,202)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(5,435)
-
(12,607)
(11,445)
(2,492)
-
(14,551)
(550)
(540)
-
(807)
-
-
-
(331,629)|**Transfers**
**£**
16,002
(77)
(4,044)
(1,507)
(676)
(325)
(573)
(275)
(1,058)
(202)
(88)
(22)
(88)
(88)
(109)
(2,486)
(9,400)
21,017
-
-
2,151
(16,288)
4,430
-
(5,124)
-
-
-
-
-
-
-
1,171|**Investment**
**Gains/**
**(Losses)**
**£**
21,178
(0)
96
75
(1)
(1)
(1)
(0)
(2)
(0)
(0)
(0)
(0)
(0)
(0)
160
(13)
268
-
-
-
-
-
158
-
-
-
-
-
-
-
21,915|**At 31st**
**December**
**2024**
**£**
491,142
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
21,349
2,396
6,765
5,886
3,595
51,032
927
1,542
-
1,252
761
23
8
260
215
20| ||||||||587,172| 19 |||**At 1st**|**Transfer of**|**Income**|**Expenditure**|**Transfers**|**Investment**|**At 31st**| |---|---|---|---|---|---|---|---|---| |||**January**|**Union Funds**||||**Gains/**|**December**| |||**2024**|||||**(Losses)**|**2024**| |**Restricted Funds**||**£**|**£**|**£**|**£**|**£**|**£**|**£**| |Parish Support Fund|(BC)|756|-|505|-|-|-|1,262| |Sunday School Fund|(BC)|102|-|3|-|-|-|105| |Alexander Adams Bequest|(C)|662|-|29|-|-|4|695| |Margaret Allan Bequest|(C)|625|-|27|-|-|4|656| |Downie Prize Fund|(C)|3,884|-|169|-|-|25|4,078| |George Gellately Legacy|(C)|1,513|-|65|-|-|10|1,587| |Rosa Eva Reid Bequest|(C)|3,033|-|127|-|-|26|3,186| |Cluny War Memorial|(C)|502|-|21|-|(183)|3|343| |Mary Anne Downie Legacy|(C)|740|-|31|-|-|5|775| |Isobella Gordon Bequest|(C)|505|-|14|-|-|28|547| |Rev. William Murdoch Bequest|(C)|574|-|17|-|-|28|618| |James Anderson Bequest|(C)|604|-|24|-|-|3|631| |Burnett Mortification Fund|(C)|1,415|-|26|-|-|77|1,517| |Robertson Mortification Fund|(C)|748|-|14|-|-|41|802| |Thom Forbes & Abernethy Fund|(EM)|4,557|-|121|(1,150)|-|332|3,861| |Chair & Echt Refurbishment Project|(EM)|8,619|-|41|-|-|-|8,660| |Flower Fund|(EM)|212|-|1|-|-|-|213| |Local Purposes Fund|(EM)|865|-|3,373|-|-|-|4,238| |Burnett Mortification|(EM)|1,065|-|-|(460)|-|-|605| |Anderson Grave Fund|(KE)|4,429|-|232|-|-|-|4,660| |Benefact Trust Grant|(KE)|1,750|-|-|(1,750)|-|-|-| |Fyvie Flower Bequest|(KE)|1,149|-|63|(34)|-|-|1,179| |Church Clock Bequest|(KE)|115|-|6|-|-|-|121| |Ministry Student (formerly Whitworth Assistant)|(KE)|1,407|-|76|-|-|-|1,483| |Organ|(KE)|691|-|-|(146)|-|-|545| |Robertson Trust Grant|(KE)|1,967|-|-|-|(988)|-|979| |AVA Grant|(KE)|115|-|135|(119)|-|-|131| |Church of Scotland Warm Space Grant|(KE)|-|-|-|-|-|-|-| |Band Equipment|(KE)|29|-|2|-|-|-|31| |Mary Buchan Memorial Fund|(KE)|1,251|-|3|-|-|-|1,254| |Kemfest|(KE)|-|-|450|(158)|-|-|292| |Charitable Fund|(KI)|2,161|-|217|-|-|-|2,378| |Flower Fund|(KI)|247|-|25|-|-|-|272| |Grave Maintenance|(KI)|2,496|-|251|-|-|-|2,747| |**Restricted funds carried forward**||48,787|-|6,066|(3,817)|(1,171)|585|50,451| 20 |**Restricted funds brought forward**
Price Memorial
(KI)
John Burnett Mortification
(KI)
Sustainable Kintore
(KI)
Clock Fund
(M)
John Burnett Charitable Trust
(M)
**Endowment Funds**
Anderson of Glack Fund
(C)
James & John Walker Bequest
(EM)
Alexander Grant Legacy
(EM)
Charitable Bequests
(KE)
Sunday School Bequest
(KE)
Fabric Fund Bequest
(KE)
Yule Bequest
(KE)
Mary Troup Fund
(M)
**Total Funds**|**Restricted funds brought forward**
Price Memorial
(KI)
John Burnett Mortification
(KI)
Sustainable Kintore
(KI)
Clock Fund
(M)
John Burnett Charitable Trust
(M)
**Endowment Funds**
Anderson of Glack Fund
(C)
James & John Walker Bequest
(EM)
Alexander Grant Legacy
(EM)
Charitable Bequests
(KE)
Sunday School Bequest
(KE)
Fabric Fund Bequest
(KE)
Yule Bequest
(KE)
Mary Troup Fund
(M)
**Total Funds**|**At 1st**
**January**
**2024**
**£**
48,787|**Transfer of**
**Union Funds**
**£**
-|**Income**
**£**
6,066|**Expenditure**
**£**
(3,817)|**Transfers**
**£**
(1,171)|**Investment**
**Gains/**
**(Losses)**
**£**
585|**At 31st**
**December**
**2024**
**£**
50,451| |---|---|---|---|---|---|---|---|---| ||(KI)
(KI)
(KI)
(M)
(M)
(C)
(EM)
(EM)
(KE)
(KE)
(KE)
(KE)
(M)|637
449
397
9,601
300
60,171
6,006
5,498
3,735
4,467
626
521
1,043
1,317
23,212
653,002|-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|64
45
37
416
2
6,631
284
-
83
734
33
27
55
69
1,284
334,012|-
-
(25)
-
-
(3,842)
-
-
-
(441)
-
-
-
-
(441)
(335,912)|-
-
-
-
-
(1,171)
-
-
-
-
-
-
-
-
-
-|-
-
-
356
-
941
45
519
336
-
-
-
-
-
899
23,755|701
494
409
10,372
302| |||||||||62,730| |||||||||6,335
6,016
4,154
4,759
658
549
1,097
1,386| |||||||||24,954| |||||||||| |||||||||674,857| Note: (BC) = Ex Blairdaff & Chapel of Garioch; (C) = Ex Cluny; (EM) = Ex Echt & Midmar; (KE) = Ex Kemnay; (KI) = Ex Kintore; (M) = Ex Monymusk. 21 |**2023 Comparatives**
**Unrestricted Funds (incl. Designated Funds)**
General Fund
George & Catherine Duncan Memorial Fund
(C)
James Walker Bequest
(C)
Margaret Grant Bequest
(C)
John Walker Legacy
(C)
Elizabeth Dickson Legacy
(C)
Martha Dickson Legacy
(C)
John Urquhart Legacy
(C)
Agnes McCullum Forbes Bequest
(C)
Peter & Jemima Walker Memorial Fund
(C)
John Donald Bequest
(C)
Elizabeth Harper Memorial Fund
(C)
Hugh Ross Legacy
(C)
Henry H Patterson Legacy
(C)
Fred Henry Legacy
(C)
Celia Jane Duthie Moir
(C)
Webster Bequest
(C)
Hope Café Fund
(EM)
TV Screen & AV System
(EM)
Church Centre Fund
(KE)
Loaves & Fishes Fund
(KE)
Equipment Replacement Fund
(KE)
Special Projects Fund
(KE)
Kemnay Youth
(KE)
Centre Windows Replacement
(KE)
Little Lambs of Kemnay
(KE)
Drop-in Fund
(KI)
World Vision Fund
(M)
Manse Fund
(M)
Music Fund
(M)
Mary Simpson Fund
(M)
Flower Fund
(M)|**At 1st January**
**2023**
**£**
47,606
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
8,877
5,384
50,384
10,075
-
-
-
-
-
-
-
-
-
122,326|**Transfer of**
**Union Funds**
**£**
412,535
72
3,783
1,385
643
309
544
261
1,006
192
83
21
83
83
103
2,262
9,007
2,036
6,734
-
-
-
-
-
-
-
-
23
771
258
204
20
442,416|**Income**
**£**
137,429
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
966
-
7,994
31,995
1,707
851
70
307
340
-
-
17
-
4
-
181,680|**Expenditure**
**£**
(165,889)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(417)
-
(8,106)
(15,181)
-
-
-
-
(142)
(180)
-
-
-
-
-
(189,916)|**Transfers**
**£**
15,447
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(4,059)
(14,352)
(5,326)
(10,029)
1,356
15,972
795
856
-
-
-
-
-
659|**Investment**
**Gains/**
**(Losses)**
**£**
11,483
4
165
46
35
17
30
15
55
11
5
1
5
5
6
64
406
-
-
-
-
-
-
-
101
-
-
-
-
-
-
-
12,453|**At 31st**
**December**
**2023**
**£**
458,610
77
3,948
1,432
678
326
574
276
1,060
202
88
22
88
88
110
2,326
9,413
2,585
6,734
4,705
7,846
46,766
897
1,426
16,380
993
676
23
787
258
208
20| |---|---|---|---|---|---|---|---| ||||||||569,618| 22 |||**At 1st January**|**Transfer of**|**Income**|**Expenditure**|**Transfers**|**Investment**|**At 31st**| |---|---|---|---|---|---|---|---|---| |||**2023**|**Union Funds**||||**Gains/**|**December**| ||||||||**(Losses)**|**2023**| |**Restricted Funds**||**£**|**£**|**£**|**£**|**£**|**£**|**£**| |Parish Support Fund|(BC)|-|1,417|-|(661)|-|-|756| |Sunday School Fund|(BC)|-|100|2|-|-|-|102| |Alexander Adams Bequest|(C)|-|625|11|-|-|27|662| |Margaret Allan Bequest|(C)|-|589|11|-|-|25|625| |Downie Prize Fund|(C)|-|3,663|66|-|-|154|3,884| |George Gellately Legacy|(C)|-|1,428|25|-|-|60|1,513| |Rosa Eva Reid Bequest|(C)|-|2,869|49|-|-|115|3,033| |Cluny War Memorial|(C)|-|474|8|-|-|19|502| |Mary Anne Downie Legacy|(C)|-|699|12|-|-|29|740| |Isobella Gordon Bequest|(C)|-|487|4|-|-|13|505| |Rev. William Murdoch Bequest|(C)|-|552|6|-|-|16|574| |James Anderson Bequest|(C)|-|575|9|-|-|20|604| |Burnett Mortification Fund|(C)|-|1,387|6|-|-|22|1,415| |Robertson Mortification Fund|(C)|-|733|3|-|-|12|748| |Thom Forbes & Abernethy Fund|(EM)|-|6,973|24|(2,536)|-|96|4,557| |Chair & Echt Refurbishment Project|(EM)|-|8,619|0|-|-|-|8,619| |Flower Fund|(EM)|-|212|-|-|-|-|212| |Local Purposes Fund|(EM)|-|865|-|-|-|-|865| |Burnett Mortification|(EM)|-|1,065|-|-|-|-|1,065| |Anderson Grave Fund|(KE)|4,272||157|-|-|-|4,429| |Benefact Trust Grant|(KE)|-||1,750|-|-|-|1,750| |Fyvie Flower Bequest|(KE)|1,169||43|(62)|-|-|1,149| |Church Clock Bequest|(KE)|111||4|-|-|-|115| |Ministry Student (formerly Whitworth Assistant)|(KE)|-||32|-|1,375|-|1,407| |Organ|(KE)|892||-|(201)|-|-|691| |Robertson Trust Grant|(KE)|3,502||-|-|(1,535)|-|1,967| |AVA Grant|(KE)|725||-|(610)|-|-|115| |Church of Scotland Warm Space Grant|(KE)|3,280||-|(2,752)|(528)|-|-| |Band Equipment|(KE)|-||1|-|29|-|29| |Mary Buchan Memorial Fund|(KE)|-||3,125|(1,874)|-|-|1,251| |Charitable Fund|(KI)|-|2,161|-|-|-|-|2,161| |Flower Fund|(KI)|-|247|-|-|-|-|247| |Grave Maintenance|(KI)|-|2,496|-|-|-|-|2,496| |**Restricted funds carried forward**||13,950|38,236|5,348|(8,696)|(659)|609|48,787| 23 |**Restricted funds brought forward**
Price Memorial
(KI)
John Burnett Mortification
(KI)
Sustainable Kintore
(KI)
Clock Fund
(M)
John Burnett Charitable Trust
(M)
**Endowment Funds**
Anderson of Glack Fund
(C)
James & John Walker Bequest
(EM)
Alexander Grant Legacy
(EM)
Charitable Bequests
(KE)
Sunday School Bequest
(KE)
Fabric Fund Bequest
(KE)
Yule Bequest
(KE)
Mary Troup Fund
(M)
**Total Funds**|**Restricted funds brought forward**
Price Memorial
(KI)
John Burnett Mortification
(KI)
Sustainable Kintore
(KI)
Clock Fund
(M)
John Burnett Charitable Trust
(M)
**Endowment Funds**
Anderson of Glack Fund
(C)
James & John Walker Bequest
(EM)
Alexander Grant Legacy
(EM)
Charitable Bequests
(KE)
Sunday School Bequest
(KE)
Fabric Fund Bequest
(KE)
Yule Bequest
(KE)
Mary Troup Fund
(M)
**Total Funds**|**At 1st January**
**2023**
**£**
13,950|**Transfer of**
**Union Funds**
**£**
38,236|**Income**
**£**
5,348|**Expenditure**
**£**
(8,696)|**Transfers**
**£**
(659)|**Investment**
**Gains/**
**(Losses)**
**£**
609|**At 31st**
**December**
**2023**
**£**
48,787| |---|---|---|---|---|---|---|---|---| ||(KI)
(KI)
(KI)
(M)
(M)
(C)
(EM)
(EM)
(KE)
(KE)
(KE)
(KE)
(M)|-
-
-
-
-
13,950
-
-
-
3,826
603
503
1,006
-
5,938
142,214|637
449
397
9,089
300
49,107
5,616
5,347
3,613
1,290
15,866
507,389|-
-
-
160
-
5,507
112
-
24
641
22
18
37
28
882
188,070|-
-
-
-
-
(8,696)
-
-
-
-
-
-
-
-
-
(198,612)|-
-
-
-
-
(659)
-
-
-
-
-
-
-
-
-
-|-
-
-
352
-
962
278
151
98
-
-
-
-
-
526
13,941|637
449
397
9,601
300| |||||||||60,171| |||||||||6,006
5,498
3,735
4,467
626
521
1,043
1,317| |||||||||23,212| |||||||||| |||||||||653,002| 24 Purposes of Endowment Funds Anderson of Glack Fund James & John Walker Bequest Alexander Grant Legacy Charitable Bequests Sunday School Bequest Fabric Fund Bequest Yule Bequest Mary Troup Fund Purposes of Restricted Funds Parish Support Fund Sunday School Fund Alexander Adams Bequest Margaret Allan Bequest Downie Prize Fund George Gellately Legacy Rosa Eva Reid Bequest Cluny War Memorial Mary Anne Downie Legacy Isobella Gordon Bequest Rev. William Murdoch Bequest James Anderson Bequest Burnett Mortification Fund Robertson Mortification Fund Thom Forbes & Abernethy Fund Chair & Echt Refurbishment Project Flower Fund Local Purposes Fund Burnett Mortification Anderson Grave Fund Benefact Trust Grant Fyvie Flower Bequest Church Clock Bequest Ministry Student (formerly Whitworth Assistant) Organ Council COVID Resilience / ACTI Grant Robertson Trust Grant - (C) (Capital £3,000) income to be used for fabric purposes. Capital returns to family on disposal of church. (EM) The capital must be held in perpetuity. The income may be used for general purposes. (EM) (The Anderson-Grant Bequest) is held for the benefit of local children in need or any other worthy charitable cause within the parish. Capital to remain intact. (KE) (Capital £1,000) income to be used, at the minister's discretion, for providing assistance to the poor and needy in Kemnay. (KE) (Capital £600) income to be used to provide Sunday School teaching resources. (KE) (Capital £500) income to be used for any purpose within the fabric of the Church. (KE) (Capital £1,000) income to be used for any purpose as decided by the Finance Committee. (M) (Capital £1,000) income to be used for maintenance of the Troup family grave, with surplus going to special church projects. (BC) previously Poor of the Parish: to be used for the needy. (BC) for Sunday school resources. (C) for Sunday school resources. (C) for Sunday school resources. (C) for Sunday school resources. (C) for Sunday school resources. (C) for Sunday school resources. (C) for maintenance of Cluny war memorial. (C) for maintenance of own family grave. (C) for maintenance of own family grave. (C) for maintenance of own family grave. (C) To be used for fabric repairs and maintenance. (C) to be used at the Minister's discretion for the benefit of the poor of the parish. (C) to be used at the Minister's discretion for the benefit of the poor of the parish. (EM) (short titled as 'Poor Fund') for the benefit of the poor of the parish. (EM) was held for the major fabric project at Echt Church, now complete but held for further improvements if required. (EM) is held for the provision of flowers for church services. (EM) is held for the benefit of local purposes. (EM) is held for people in the parish who are in necessitous circumstances. (KE) to assist with the upkeep of the Anderson gravestones. (KE) received towards replacement of Fellowship Hall windows and replacement dishwaher. (KE) to provide a floral display in the Church buildings. (KE) for the upkeep and repair of the clock in the Church at Fraser Place. (KE) for financial support of a ministry student. (KE) for upkeep of the church organ. (KE) provided for support of vulnerable members of the community. (KE) to provide lunch club funding for vulnerable people. 25 ## AVA Grant Church of Scotland Warm Space Grant Special Collection not Disbursed Band Equipment Mary Buchan Memorial Fund Kemfest Charitable Fund Flower Fund Grave Maintenance Price Memorial John Burnett Mortification Sustainable Kintore Clock Fund John Burnett Charitable Trust Purposes of Designated Funds Cluny Legacies George & Catherine Duncan Memorial Fund James Walker Bequest Margaret Grant Bequest John Walker Legacy Elizabeth Dickson Legacy Martha Dickson Legacy John Urquhart Legacy Agnes McCullum Forbes Bequest Peter & Jemima Walker Memorial Fund John Donald Bequest Elizabeth Harper Memorial Fund Hugh Ross Legacy Henry H Patterson Legacy Fred Henry Legacy Celia Jane Duthie Moir Webster Bequest Hope Café Fund TV Screen & AV System - (KE) for hospital transport. - (KE) to support the Winter Warm Space initiative at the Church Centre. - (KE) for The Leprosy Misison, collected on Christmas Eve 2022 but not disbursed until after year end. (KE) for equipment for Kemnay praise band. - (KE) for audio-visual equipment in church buildings and a television at Littlewood Court. - (KE) held on behalf of Kemfest (annual wellness festival) organisers. (KI) to provide for discretionary charitable work. (KI) to provide flowers for display during services of worship. (KI) to provide for the maintenance of specified graves. (KI) to provide for bibles for new communicants. (KI) to provide money to people who are in necessitous circumstances. (KI) to provide for activities to address climate change. (M) to be used for repairs and maintenance of the clock, bell and tower. - (M) to be distributed at the discretion of the minister to assist in cases of financial hardship. (C) This fund is established (in 2024) by aggregating the individual legacy funds held in the following names: George & Catherine Duncan, James Walker, Margaret Grant, John Walker, Elizabeth Dickson, Martha Dickson, John Urquhart, Agnes McCullum Forbes, Peter and Jemima Walker, John Donald, Elizabeth Harper, Hugh Ross, Henry Patterson, Fred Henry, Celia Jane Duthie Moir, and the Webster bequest. Investment returns are used for general purposes. (C) to generate income for general use. Moved to Cluny Legacies fund (2024). (C) to generate income for general use. Moved to Cluny Legacies fund (2024). (C) to generate income for general use. Moved to Cluny Legacies fund (2024). (C) to generate income for general use. Moved to Cluny Legacies fund (2024). (C) to generate income for general use. Moved to Cluny Legacies fund (2024). (C) to generate income for general use. Moved to Cluny Legacies fund (2024). (C) to generate income for general use. Moved to Cluny Legacies fund (2024). (C) to generate income for general use. Moved to Cluny Legacies fund (2024). (C) to generate income for general use. Moved to Cluny Legacies fund (2024). (C) to generate income for general use. Moved to Cluny Legacies fund (2024). (C) to generate income for general use. Moved to Cluny Legacies fund (2024). (C) to generate income for general use. Moved to Cluny Legacies fund (2024). (C) to generate income for general use. Moved to Cluny Legacies fund (2024). (C) to generate income for general use. Moved to Cluny Legacies fund (2024). (C) to generate income for general use. Moved to Cluny Legacies fund (2024). (C) to generate income for general use. Moved to Cluny Legacies fund (2024). (EM) set aside for day to day running of the Hope Café and to make disbursements to worthy causes. (EM) for upgrades to the audio-visual system at Echt church. 26 Church Centre Fund (KE) set aside for day to day running and maintenance of the Church Centre. Loaves & Fishes Fund (KE) set aside for the day to day running of the Loaves and Fishes coffee shop. Equipment Replacement Fund (KE) set aside funds for replacement of equipment in Church, Office and Centre. Special Projects Fund (KE) set aside for specific donations outwith General Fund. Centre Windows Replacement (KE) for replacement of Fellowship hall windows, Kemnay church centre. Kemnay Youth (KE) for youth activities in Kemnay (formerly Word). Little Lambs of Kemnay (KE) set aside for day to day running of the Little Lambs of Kemnay group. Drop-in Fund (KI) to provide for lunches at the weekly drop-in meeting. World Vision Fund (M) to be used to sponsor a child through the World Vision Program. Manse Fund (M) to be used for upgrading and maintaining the Manse. Music Fund (M) to be used for the purchase of music resources in worship. Mary Simpson Fund (M) to be used for youth work and the purchase of CH4 hymnbooks. Flower Fund (M) to be used to provide flowers to members of the Church and local community on special occasions and bereavement. Note: Restricted and designated fund purposes are temporariliy limited for use in the former parishes pending review and reorganisation. ## **18. Transfers between Different Classes of Fund** Robertson Trust Grant (Restricted) to Loaves and Fishes (Designated) to meet costs of lunches for vulnerable adults, being a legal use of the trust grant, £988. War Memorial Fund (Restricted) to General fund towards costs of memorial removal, £183. ## **19. Planned use of Designated Funds** Designated funds are to be used according to their purposes listed above. Designated funds are for long-term use, except for the following: TV Screen & AV Systems: Expected to be used in full within 5 years. ## **20. Other Income** Other income comprises: **£** Erroneous deposit by HMRC 2,938 Erroneous deposit by local business 60 Erroneous deposit by member 100 Compensation from Virgin Money 450 Virgin Money Cash Back 25 Closure of unreported dormant bank account 39 3,612 27 ## **Appendix to the Financial Statements** ## **For the Year Ended 31st December 2024** ## **Consolidated Fabric Funds held on behalf of the Congregation by the Church of Scotland General Trustees** |**Capital account (55 account)**
Credit balance at 1st January at cost
Congregational union transfers
Transferred to 56 account
Credit balance at 31st December at cost
Market value of balances at 31st December
**Capital account (56 account)**
Credit balance at 1st January at cost
Congregational union transfers
Transferred from 55 account
Transferred from 85 account
Property Costs (transferred to BPC account)
Credit balance at 31st December at cost
Market value of balances at 31st December
**Revenue account (50 account)**
Credit balance at 1st January at cost
Congregational union transfers
Investment income
Rental income
Support costs
Property, Energy & Insurance Costs (transferred to BPC account)
Credit balance at 31st December at cost
**Temporary funds (85 account)**
Credit balance at 1st January at cost
Congregational union transfers
Property costs
Property Sales (Chapel of Garioch manse)
Property sales (Kemnay manse)
Property sales (Cluny church)
Property sales (Old Blairdaff church)
Law dept fees
Outlays
Interest
Transferred to 56 account
Levy on receipts from property sales
Credit balance at 31st December at cost|**Total**
**2024**
£
-
-
-
-
-
101,373
-
-
708,282
(6,318)
803,338
847,071
31,974
-
29,402
413
(854)
(39,573)
21,362
334,857
-
(12,018)
-
330,000
131,000
10
(3,910)
(150)
-
(708,282)
(75,000)
(3,493)|**Total**
**2023**
£
-
76,232
(76,232)| |---|---|---| |||-| |||-| |||-
25,141
76,232
-
-| |||101,373| |||131,453| |||-
37,756
964
-
(57)
(6,689)| |||31,974| |||-
(3,459)
(5,644)
345,000
-
-
-
(950)
(50)
(39)
-
-| |||334,857| 28