LAURENCEKIRK CHURCH OF SCOTLAND ACCOUNTS RECEIPTS & PAYMENTS ACCOUNT YEAR TO 31 DECEMBER 2024 Congregation No: 321930 Scottish Charlty No: SC014830
LAVRENCEKIRK CHURCH OF SCOTLAND TRUSTEES. ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 The Trustees present their knnual Report and Accounts for Laurencekirk Church of ScotlarKI for the Year gnded 31 December 2024 Reference and Admini$tratlve Infom)atlon: Charlty Name: Laurewkwk Churcj) of Scotland Charlty Regtstratlon Number. SC014830 Congregatlon Reference No: 321930 Contact Address: Bankers: Wwgw) Money Monlrose Branch 114 HJh Stre8L MONTROSE DD10 8JE
TRlTEEs. ANMIIAL REPORT FOR THE YEAR ENtED 31 DECE2024 The CIN¢ Is administ with Its Iwns of Cknj d Cc•)Sbbkn F(ffi)l. Hdl Is lministwoJ PaEish Chur¢h of LaK8Wi¢&.' 1st 2rkn). OrganiionalStw¢tu Ttte tk Se8svM whKh meets nine tfjne5 a year rE5p)i kn ¥¥ritLd kn.rs wrfhwi church. Thap rrtirJ8 with toa H1 Cr#nMit. whKti fj5 m•JÈuprf4 I[6&1 3 cl ObJo¢Uvg1 and A¢¥11 The Cr¢h OF S¢and is Tthrtai in (t¢tfv." ReTh pr¥. It >wryk th8 alvar¢emenl of Chnsvs Ihrwts>Jt wrAld. As a CtsJr¢h. it a iJi%liwtt cal duty to the (rtiwce5 of rdvJKm ts the In St¥tsKS ministry. 11 with (thw chuhe& in d9Mitt offiGe In Septanbw 2023. Due to is to aKI 15 wkn.nu a tjnkn with Aberfuthn(At West kkn$ lthe5. IfHt t85 15 uJ to rxmduct SuryJJy woTship. Numb&5 attendiw remainwl stw. DurirvJ Cfmd seval m¥bS m(pRd to gibing by th h&5 J tryukn wwne. fvndra&4ng activibes have taken and we as ¢dfee to a unl, devprnwt 01missi pkn ryars thto thekn ttwrch bLukJww lo me tla mLve M[1. l(mg t¥m. A survEy of the ccnmunity is thn8J to dthn¥ wha • slKyJhl bemJe. U)1hJ by what P 88
TRUSTEES. AIIIIUAL REPQRT ICONTWIUED) FOR ThE YEAR ENDED 31 DECEhER 2024 FIMn¢tal Rev rtnu th8 w a StLS Unrg5lrthY FuTrts d £3.19) m. Wh15t fj Ir¢crf was up ty c6v £2.3C#J 10 the is the Trt&%iees' pdky to IM1 cl fiJTr1s. At ye-thJ. the chu hdd unrfsIdct futKts of £9.079 wrw)ts ¥tyJrvJ 5 rlgwd C£ 0 h&1 rEStrxtl fijrmls (£15.982 ststementd Twusi8ts' Re&P11•S Ttustee In¥8StMt ISuAiK) A(# 2(M)5. Chwrtw AccoJts IScLll¥vJ} laS ThJ th8 R¥JuL4bs Atnt Congregats FinKe appr1p1 by Ihe Gaier¥ As$tty If cl d S(X1¥ in 2W7. J sabJu8rding thg The Chty nurnw Ih&TftJgt 1s SC038643 Approv by Ih•Tru•t••8 and %lgth•d Jn thor b•h•W. S95sJon Cl•rk 23 r¢h 2025
INDEPENDE1 EXAmINEs REPORT TO THE TrUSTEES OF LAURENCEKIRK CHURCH of SCOTLAND I report on the Accounts of thg charlty forthè year ended 31 December 2024 whkh are set out on pagts S to 10. Respective re8pongibllities of TeeS and Examin•r The chanils Twstees are responsibk for the preparKJn oftr Accounts in accordan with the terms of the ChafiEKgs and Trustee Investment IScotk8ndl Acl 2005 and the GharitBs Accoijnls (Sc4AaThJ)Regukti)ns 20C6 {as amendedl. The charitls Trustees consider that the aLJft reqviwent of RegLFLthn 10(1) (a) to {c) of the A¢cotJnts ReguLgtK)n5 does not appty. tt is my responsibilty to e)2mine the accounts as required uThJer secthjn 4411) Ic) of the Act and to slate whether partlar mattefS ha come lo my atterthn. Basis of Indgpendent Examiner's Ststem9nt My eyaminatDn is carried out in accordance with ReguLqi¥)n 11 of the Charthes Accounts {Scot&ndl Regulatn5 20(6 las amended). ATr eXaMinatn includes a review of the a(£ounting records kept by the charty and a compari50n of the accounts psented wf(h those records. tt akn includes consKJeralion of any unugjal rtems or di5ck)sures in the accounts, and seeks e4)kinatK)ns from the trustees COnMir any such matters. The procedures undertaken do not provKle all the eviden that would be Tequired in an audil. a1 consequenty I do not eyprgss an audl opinion on tr VEW gwen by the Accounts. Independent Examinerfs Statomert In the course of my e>aminati)n. no matter has come to my atte[rtN Whh- gwes me reasonab cause to belEve that in any maleiial resped the requirements". (al lo keep accounting records in acCOrdae with Secthjn 44(11 la) ol the 2(5 Act aryj RegUL4n 4 of the 2006 Accounts RegulatKJns, and {b} lo prepare Accounts wh 8CCOtd wrth the accountiNJ records and compty wilh Reguktion 9 of the 2006 Accounts Regulath)ns have tK)t been met. or to Whh, in my opinwJn, attentK)n smiukl be drawn in order to enab a proper undeandIng of the Accounts to be reached. March 2025
LAURENCEKIRK CHURCH OF SCOTLAND RECEIFfs & PAYIAEpifs ACCOUNT YEAR ENDED 31 DECEMBER 2024 Un- Restricted restrtcted Funds Fund5 2024 2024 Endow- ment Ftsnd 2024 Total 2024 Total 2023 RECEIPTS Donations Legacies Activrties for Generating Funds Bank & Deposit Intest Investsnent Income 19.526 19,526 21,114 4.011 4.011 1,662 595 103 24.474 24 23,757 46 24,489 Rental of PrnIseS Grants Other R[pts Sale of investments 897 1,742 2.639 TOTAL REGEIPTS 24.654 1,788 27,128 27,159 PAYMENTS Costs of Generating Funds Charitable Activities Govemance Costs 143 21.201 120 2.639 23,840 120 32.657 2(Kl TOTAL PAYMEp¥rs 21,464 2.639 24,103 33,541 SURPLUSIIDEFICIT) FOR YEAR 3.1 1851} 3,5 16,3821 Transfer of Funds 851
AT 31 DECEI1 2tr24 FurK 2024 Total 2024 Total 2023 2024 Bank & DoPOSit Balancos Bk & Detsrt Balances tMwJlrt fuwad 13,425 Irr2 22.039 28.418 m0veffl kn y•ar 3.19) 18511 16.3821 B#nk & JJepo¥it Balae¥ carriBd lor**rrf 25 C61 22 036 Inv•stmerts at Co•t 79) Total Curr•nt A58ets In F 14.111 Invo8trnènts at Marknt V•luo Gfft The knunts w•r• approved by the Kirk Swsion aryl Bo•nl onZ3Mu¢h 2026 For 2nd beh8 of the Kirk sessi and Board
LAURENCEKIRK CHURCH OF SCOTIAND NOTES TO THE AccouKrs YEAR TO 31 DECEMBER 2024 Trustse Remuneration and R?lat•d Party Tran&icty No Trustees recew&J reNnbursemenl of eypense& No Trustee or a pergon related to a tnke had any peonal nterest i) any ntrt or traaon entèred into by the charity during the year. Movements in Funds Asat Cost of 1 Jan 2024 Income Expenditire Investments Sold 31 Dec 2024 Unrestricted FUNIS 6.144 24.654 21,464 12551 9,079 Regtrrcted FuThl¥ Roof R8seiNe 13,125 13,811 TMTV 300 Endowment Fu1 3.217 1.788 2.639 (4951 1,871 Total Funds 750 Purpose of Restricted Funds: Roof Reserve This fund was initialty restrthd to roof repairs but was exterbkd to repairs to all of the church fabr. This fund will be used in full in 2025 for paIrS lo the North Gab. TMTV The Meams TV Project was sel up in colt()ratn with Meams Academy with fundiry of £2,000 from the Novum Trust. £1,700 was spent on pads for pwil& The Novum Trust have Stipu that the remaining £300 should be spent on 0irta¢h. Purpos• of ErKlowment Fund: This fund originates from lols of small bequests, which were amabamed into one fund and, gwen the purpose of the majorty of the bequests was to nefIt the Fwr of the Parish, is used for bevOnt purposes.
LAURENCEKIRK CHURCH OF SCOTLAND NOTES TO ThE ACCOUNTS YEAR ENDED 31 DECEMBER 2024 Un Restricted Funts 2024 Endow. ment Funds 2024 Restricted Funts Total Total 2024 2024 2023 Analy$Fs of Donations WFO Scheme Inon Grft AKII Gfft Aid Donatpjns Tax Recoverd on Grft Ahd Donation51S.D.S. Ordinary Offerings (Open PLate) Weddingsl FuneraL8 Other Offerings, DonatnS 1.473 9,352 3.788 2,660 2,115 138 1,473 9,352 3.788 2,660 2,115 138 2,423 9,565 3,904 2,873 1,986 363 Analysis of Payments Offering Envebpes Other Fundraising E>penses 143 143 130 554 684 143 143 Charitable Activities Giving for Growth Presbytery Dues Minislerfs Expenses Pulprt Supply Other Staffing Costs Fabri¢ Repaits & Maintenan Council Tax Heat & Ltght Insurance Organ & Mus Pfinting, Ststi)nery & Postage Other Ejpenses Ma[e Upkeep Shared E>penses (Recovered in 2024) The Calm donalDn Wam) Hub ExpenseslRefund of Grant Projector 2.881 743 2,881 743 6.073 251 1,140 1,299 3,615 161 925 3,100 3,386 731 14 499 1,184 405 2.785 4.742 179 2.785 4,742 179 4,842 3.724 4,842 3,724 248 28 465 28 465 2,639 2.639 9.624 270 21 201 Governance Costs Independent Eyaminerfs Fees 120 120 200
LAURENCEKIRK CHURCH OF SCOTLAND NOTES TO THE ACCOUNTS YEAR TO 31 DECEMBER 2024 Ministerfs Stipend All Church of Swltand Congrega$ contnbute to the Nalional Stipend Fund whKh ar$ the cost of all minsters, Slpends and Empk)yeis conlributi)ns for Nati)nal Insurance. Pension and Housing and Loan Fund. Ministers. stipends are paKI in aCCordare with the NatKJnal StInd whh is reLgled lo years of semce. FOT the year uryjer review, the mininum 5tiperKS was £31,642 arvj tl maKmum stipend (in the frfth and subsequent years} was £38.884. The Contr)ution to MinistrEs Mission is shown rt of Endowment Income. Collections for Third Partie$ 2024 2023 Remembrance Day- Poppy scotnd DEC Earthquake Appeal Chrk81ian A#J 183 213 215 237 183 665
LAURENCEKIRK CHURCH OF SCOTLAND YEAR ENDED 31 DECEMBER 2024 APPENDIX FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES 2024 2023 Capital Account Credrt BaL8nces hekl at 31 Dember at Cost 14.748 Market Value of BaLgrKes at 31 Dember REVENUE ACCOUP Credf( Baknce at 31 December TEMPORARY ACCOUNT Debrt Balafi at 31 Decemt*r 10
Laureneeklrk Church of S¢olland Budget 2025 Actual Budget 2025 Analysis of Donations 2024 FWO Gift Aid HMRC Tax rebate Open Plate Weddingsl Funetals Other Offerings £1.473 £9,352 £3.788 £2.660 £2.115 £138 £19.526 £1,5Crf) £9.500 £2,700 £2,CK)O £300 £18,400 Other Income Activities for generabng funds Inveslement Income Sale of Inve51ement Rental of premises £4,011 £952 £2,639 £3,650 £100 £0 £27,128 £22,050 Analy818 of Payments Offering EnveloFES £143 £140 Charitsble Activities Giving to Grow AllcKation Presbytery Dues Ministers, Expenses Pulpit Supply Other Staff Costs l organisL cleaner) Fabric Repairs & Maintenan Heal & Light Insuran Organ & Music Manse Costs Prinb"ng, stationery & Postage The Calm Project l Restricted Fund } Other Expenses £2,881 £743 £0 £2.785 £4,742 £179 £4.842 £3,724 £248 £7,550 £750 £300 £0 £4,500 £200 £4,000 £3,500 £500 £300 £40 £0 £41XJ £22,040 £28 £2.639 £465 £23,841 Govemance ndependent Examiners Fees £120 £0 Surplus Deficit £3.025 1130) Nothing has been Included al>ove for repair¥ to the Church Belfry, which are estimated at £33,000. Grant assistance is to be sought to fvnd some of th18 ¢05L 11