Devana Parish Church of Scotland, Aberdeen Trustees, Annual Report and Accrued (SORP Compllant) Accounts for the Year ended 31 December 2024 Congregation No. 311924 Scottish Clrity No. SC015451
Devana Parish Church of Scotland, Abeydeen Trustees, Report Year ended 31 December 2024 The trustees present their annual report and financial statements of the charty for the year ended 31 December 2024. The financial Statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and compfy with the General Assembly Regulations for Congregational Finance, the Charities and Trustee Investment Iscotlandl Act 2005, the Charitie5 Accounts (Scotlandl Regulations 2006 las amended) and "Accounting and Reporting by Charities- Statement of Recommended Prartice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191" Objectives and Activities The Church of Scotland is Trinitarian in doctrine, Reformed Fn tradition and Presbytertan in polity. It exists to glorify God and to work for the advancement of Chrisfs Kingdom throughout the world. As a national Church, it acknowledges a distinrtNe call and duty to bring the ordknances of rel10n to the people in every partsh of Scotland through a territorial ministry. tt co-operates with other Churches various ecumenital bodies in Scotland and beyond. Introdurtion During this financial year. Devana Parish Church entered into a union with St John's Church for Deaf People. Prior to the creation of Devana, St John's had been independently based in St Mark'5 Church and had then held fortnightly servbces in Devana Holburn Street. On 30" June 2024, the congregations of Devana Parish Church and St John's Church for Deaf People voted in favouf of the basis of union. The union look effect from 1st September 2024 and was formalised with a Presbytery Service on 10 September 2024. The united charge continues to operate in two buildings, Holburn Street and Fonthill Road. It 15 a COng88tIon of the Presbytery of the North Eèst and the Northern Isle5. Actlvities, Arhlevements and Perfoimance Devana Parish Church has adopted a Mission Statement.'_ By Faith, in Hope, with Love. Worship is central to the Mission of Devana Parish Church. It follows an annually agreed pattern, taking place equally in both sanctuaries, Holburn Street and Fonthill Road, led by the Ministry Team with regular involvement by members of the congregation. The average number attending thi5 year 15 recorded as 120, with six at the services held by St John'5. Online worship is streamed weekly from both churches. The Sacrament of Holy Communion is celebrated each month and twice during Holy Week, with the offer of home communion for individuals. Twenty-four funerals were conducted by the Ministers, some in the ¢hur¢hes and others elsewhere. Monthly services of worship take place in the Cowdray Club and RFverside Care Homes close to the Churches. Mlssion and Outrea¢h includes congregational involvemellt in the work of Christièn Aid, Instant Neighbour Trust, with support locally for the overseas student population through Friends International, and weekly Coffee Shops pr>marily serving the local community and regular special offerings made for local and overseas charities. Our concerns for more isolated members of the congregation are addresse(I by regularty delivering greeting cards, phone contact and personal visits as appropriate. The website is an important means of communication, along with the weekly online newsletter. A new magaiine, to be given to all households ts currently under preparation.
Devana Parlsh Church of Smtland, Aberdeen Trusteg Report Icontinuedl Year ended 31 December 2024 Artlvltles. Athlevemelts and Perfomlance {contlnuedl Chlldren and Young People are regularty in our two church buildlngs, with Sunday aub, Holiday Clubs and a Youth Club, for which we currently have a .5 FTE Mission Development Worker in the Ministry Team. We have also begun a monthly series of Famity Church on a Sunday afternoon, to include actlvTties and a meal and short worship to be shared as a family. Both ministers are involved in school chaplaincies in the Parish. Church premises are use(1 by GirlgLsidin& Mother and Toddler GroL5PS. Phoenix Youth Theatre and a Dance School. Congregatlmal Groups and Ucensed fvemises usevs include a ran8e of frtness. wellbeing and dance classes, Phoenix Adult Theatre, the Church of Scotland Guild and the LÈvtng Well Café for dementia sufferers and their carers. Premises are also regularly used for performances. training courses and one-off occasions. Property matters are managed by a team which cares for two operating church building5, ttyo manses and the currently vacant St Mark's Church building and the vacated manse at Polmuir Road. Employees of the congregation are an Administrator, Treasurer and an 0rganist1Dict0r of Music. The Mlnlsters are actfvely involved In the work of the Church of Scotland localty and nationalty, both convening Committees of Presbytery, and one being the Presbytery Presentative on the national Church Faith Action Programme Leadership Team. Plan5 for the future Devana-Fountainh311 P3ri5h Grouping is in the process of being established, with a formal Basis of Union to be agreed between the two adjoining parishes. to enable partnership mission and outreach and mutual support. Joint activities such as the City Centre Supper aub are already taking place, and the joint Kirk Sessions are considering a plan to develop a Mintstrylmission to Aberdeen's Cultural and Arts Community as per the Presbytery Mission Plan. Flnanclal Re¥lew The principal source of income at Devana Parish Church remains our Free Will Offerings and Standing Orders from members. Healthy investment Income from COSIT investments will also contribute greatty, as will income from hall lets at both buildings. Total funds at 31 December 2024 were £2,433,077, an increase of £110.783 during the year. Free Will Offerings and Standing Order5 from members Sho an increase of 53% from the prevÈous year which can be attributed to thi5 being the first full year of the union of the three congregattons which occurred in 2023. Income from investments has increased to £99,02112023 - £54,2561 and there was an unrealised gain on the market value of investments of £38.149 compared to f52.617 in 2023. Generous legacy income of £41,13512023 - £42,917) was received. Unrestricted funds, including designated frjnds. were £1.440,452, an increase of £82,479. The main movement relates to the income received from the Church of Scotland Consoltdated Fabric Fund which is it7cluded in income from charitable activittes and was used to fund fabrÉc pair works and capital expenditure on an AV system. Restrirted funds have Increased by £24,776 to £952,294.
Devana Parlsh Churth of Scotland, Aberdeen Truste Report Icontinuedl De¥ana Parish Church of Scotland, Abeldeen Investment Policy and Perforniance Devana holds investments, at C05t, of £1,488,730 with a 2024 Market Valve of £1,810,22612023 - £1,348,134). These figures are an amalgamation of the investments previously held by the three separate charges. Risk Management The principal risks facing the charity are in relation to lil the potential liabilities associated wtth the buildings, Iiil the potential of running a financial deficit, liiil the inevitable changes in attendance and financial contributions resutting from the continuing impact of the Covid pandemic and external influences of CLtrrent social change. Kirk Se55ion considers these matters on an ongoing basis with the following strategies to address them. lil The Kirk Session uses the rviceS of a Caretaker to assist with the regular inspection of bulldings to address defects, deal with potential deterioration at an early stage, and ensure that health and safety standards are met. Property Funds are invested with the General Trustees of the Church of Scotland to address major works when required. lill The KSrk Session employs a Treasurer who leads the Finance Team in considering matters of cashflow, budgeting and the cycle of stewardship advised by the Church of Scotland focusing on time. talents and financial giving. Ongoing efforts are rn3de to maximise income from hall use by outside organisation5. liiil In response to financial circumstances, the Kirk Session encourages commitment to the congregation through Profession of faith, encouragement to regular financi31 giving and commitment to the mission of Devana ParFsh Church. It atso endeavour5 to provide support to the congregation and community through fellowship and ministry to address social challenges. Reserves Politv The financial statements show. as at 31 December 2024 a Capital Reserve of £751,69012023 - £700,493). Thi5 has increased during the year mainly as a st11t of the increase in value of the investments held in this fund. It is noted, later in the financial statements, that Devana Parish Church doe5 not usually capitalise expenditure of a capttal nature, fvrthermore in the absence of adequate nd raising and a reluctance to borrow monies, the Capital Reserve will be called upon as necessary for fabric costs identrfied. Note 10 to the financial statements shows capitsl expend5ture durin8 the year ended 31 December 2024 which represents the purchase of a new AV system. Structure. Governance and Management The congregation 15 a regTrstered charity. number SC015451, and is 3dministered in accordance with the Deed of ConstitlOn IUnit3ry Form), subject to the Acts and Regulations of the General Assembly of the Church of Scotland.
Devana Parlsh Church of Scotland. Aberdeen Trustees, Report l¢ontlnued) Year ended 31 December 2024 fleuuitment and Appolntment olTwstees The Charity Trustees are the named ordained Active Trustee Elders who have attended at least one scheduled Kirk Session meeting during the year. having therefo taken part in the decision-maksng process of the Kirk Session. Elders are appoÈnted from the members of the congregation wlio arE consldered to have appropriate 8ifts and skÉlls. The Mlnisters are members of the Kirk Sesslon havin8 been tnducted by Presbytery. Organisatlonal Structure The management structure comprlses Klrk Sessron. five Ministry Teams and a Business Co-ordlnating Group. The Klrk Session is moderated by nd has overSht of the whole life ènd seThlte of Deva¢Tra Parish Church. During the period of this report the Kirk Session has mèt seven times. The Session Clerk5 are responsible for keeping the mIne5. Devana is a Team ministry with the charge A Iformerly Ferryhilll in additon to being Moderator of the Kirk Se5510n, w inducted into was inducted into ch3rge B (formerly South Holburnl. The five M4ni5try teams are Worship, Mission and Discipleship, Friendship, Finance. and Property. The Co-ordÉnatlng Group ts convened by the MinLrte Clert and an Assi%tant Clerk 15 responsible for minutes and Cord keeping. Each Team has a clear remit as has the Co-ordinating Group.
Devana Parfsh Chur(h of ScotlarKI. Aberdeen Trustees. Report (cont) Year ended 31 Derember 2024 Reference and Adminlstrnknve Infomkition Charity name: Congregatlonal number: Charlty registr*ion number. Reglsterad office: Operatlonal addre55e5: Devana Parish Church of Scotland, Aberdeen 311924 SC015451 Dèvana Parish Church. Fonthill Road, Aberdeen, ABII 6UD Devdfi(I Parish Church, FuthI11 Road, Aberdeen, ABII 6UD Devana Parish Church. 539A Holburn Street. Aberdeen ABIQ 7LH Elders who have seNed as Trustees since l January 2024to the date of approval of these finandal statements.. KTrk SesSIt)n Prlncipal Offtce-bearers Ministers.. Session aerks.. Congregational Treasvrer= Independent examlner
Devana Parfsh Church of Scotland. Aherdeen Trustee5' Report (cont) Year ended 31 De¢ernber 2024 Rèference and Admlnlstrative Inf(Thètion Icontlnuedl Bankers Bank of Scotland plc, Queen's Cro55 Branch. 39 Albyn Place, Abèrdeen. ABin 1YN National Savings and Investments. Boydstone Road. Gla58ow, G58 ISB Royal Bank of Scotlartrd plc, St Nicholas Branch. 78 Unlon Stet. Abèrdeen, A810 IHH TS8 Bank plc. St NÈtholas, 7-21A St Nicholas StreeL Aberdeen. ABIO 6NN Virgin Money plc, l Queens Cm55. Aberdeen, AB15 4XU In¥estrneFrt ad¥lsors Miller & Co Investment Management mIted. 14 Queen's Road. Aberdeen, AB15 4ZT St James's Place Wealth ManagemenL St James's Place House, 3 Queen's Road. Aberdeen. AB15 SYL Tru5tee< R•sponslbllltles In RelaOn to the Flnandal Statements The charfty trustees are responsible for prÈparin8 a tntstees. annual report and financial statements in accordance with applicable law and United Kingdom Ac(ounting Standards (United Kingdom Generally Attepted Aux)unting Practice). The law appllcable to charities in Scotland reqLsires the tharity trustee5 to prepare financial statements for each year which show a true and fair view of the state of aff3irs of the charity and of the incoming re50urce5 and application of resources. of the dpritv for that period. In Dretsarin%the financial staternents. the trustee5 are reoulred to.. selett suitable accounting policie5 and then apply them con5i5tently- observe the method and principles in the applicable Charities SORP. make judgements and esttrmates that are reasonable and prudent,. state whether applicable accounting standards and statements of recommended practice have been fOll(ed, subject to any departur@5 disdosed and explained in the financial ststements; prepare the financial Statements on the 8Oin8 concern basis unless it 15 inapproprlate to presume that the charity will continue in operational existence. The trusteès are responslble for keepSng proper accounting records which dlsclose with reasonable accuracy at any time the financial posltion of the charity and to enable them to ensure that the financial statements comply with the Charftles and Trustee Investment ISc¢)tlandl Act 2CK15 arKI the Charities Accounts Ikotlandl Regulations 2(M)6 lès amended). They arè a150 responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detertion o fraud and other irregular5ties. The trustee5 are responsible for the maIntenae and integrity of the charity and financial irlformation on the congregation's web51te. Legislation in the ijftited knngdom Boverning the preparation 3nd dlssemlnation of financial statements may dlffer from legislatlon in other jurisdictions. Approved by the Trust and signed on their behalf. olnl Session Clerk JoJntSesslon aw Date- tymay 2025 Date- * May 2025
Dèvana Parlsh Churth of Stotland. Abeideen Independent Examlnerfs Report to the Trustees of Aberdeen St Mark's Church of Scotland Year ended 31 December 2024 l POrt on the flnancial statements of the charity for the year ended 31 December 2024 which are set out on pages 2to26. Respertlve responslbllftles of trustees and exarnlner The char4t¢s trustees are responsible for the preparation of the financial statements in accordance WFth the terms of the Ch8fnies and Trustee Investment Ikotlandl Act 2(K15 and the Charities Accounts Iscotlandl Regulations 2006 las arnendedl. The ¢harity trustees constder that the audit requirement of Regulation 10111 lal to Ic} of the Accounts Regulations does not appty- It is my responsibility to examine the financial Statements as required under seclion 44111 1¢) of the Act and to state whether particular matters have come to my attention. Basls of Independent emamlnerfs statement My examination is cèrrled out in accordance with Regulation 11 of the CharIt$ Accounts Iscotlandl Regulation5 2(K>6 las amended). An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented wtth those records. It also includes consideration o* any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provrde all the evi(lence that would be required in an audit, and consequently I do not expre55 an audit opinion on the vW glven by the accounts. Independent examinerfs statemenl In the course of my examination. no matter has come to my attention.. whlch gives me reasonable cause to belleve that in any materièl respect the reqvirements.. to keep accounting recoids in Bccordance with Section 44111 lal of the 2(K)5 Act and Regulation 4 of the 2006 Accounts Regulations las amendedl, and to prepare financial statements which accord wtth the accounting records and comply with Regulation 8 of the 26 Accounts Reguiations13s amended) have not been met, or to which. in my opinion, attention should be drawn in order to enable a proper understanding of the financial ere ccoun MHA 12 Carden Place Aberdeen ABIO IUR Oate: MNA is the trading name of Maclntyre Hud50n LLP, a lirnited Irabilty partnership based in England and Wales (registered number OC3123131.
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Devana Parlsh Churth of Scotld, Aberdeen Balance 51et at 31 Oetember 2023 Unrestrirted Funds Restricted Funds Endowment Fund5 Total Funds Total Funds 2024 2024 2024 2024 2023 Note Flxod Assets: Tangible assets Investments Total Fixed Assets io li 45.164 1.142.227 1187.391 45,164 1,810,226 1,855,390 4,323 1,348,134 1,352,457 635,141 635 141 32,858 32,858 Current Assets Debtors Cash at bank and in harKI Total Current Assets 12 20,603 252,855 273.458 20.603 577,481 598,084 16,936 974,161 991,097 317.153 317,153 7.473 7,473 Liabllities Creditors falling due wlthin one year 13 20,397 20.397 21,260 Net Current Assets 253,061 317.153 577.687 969.837 Net Assets 1,440,452 952,294 40.331 2,433,077 2 322 294 The funds of the charfty: Endowment funds Restrirted intome furhds Unre5trirted income funds Total ¢harlty fvnd$ 40.331 40,331 952.294 1,440,452 2433 077 36,803 927,518 1,357.973 2 322.294 15 15 952,294 1,440,452 1440 452 952 294 40,331 The accounts weTr approved by the trnstee5 on u4 2025 and signed on their behalf by: Joint Session Clerk Joint Session Clerk Treasurer io
l)wana Parlsh Churth ot Sc¢)tknd. Aberdeen Ststement of Caslthow5 Year ended 31 December 2024 Totsl 2024 Totsl 2023 Note Net cash used In operating activitles 18 {24,5371 273.727 Cash flows from Invesiing a¢tl¥lU Interest and dividends Purchase of investrnents Proceeds from sale of investments Purchase of fixed assets Proceeds from sale of property Net ¢a5h provided by Inve5tln8 artivitt 99,021 1424,9521 54,256 1269,6351 923 15.3661 421,883 202.061 147,2211 1372,1431 Cash Ilows from ftnanang artlvities Advanced Repayment of borrowings Net cash provlded by financing arti¥ltles Change In cash and cash eqUalents In the year 1396.6801 475,788 Cash and cash equivatents brought 974,161 498,373 8ank and cash equlvalents ¢anied 577,481 974 161 li
Devana Parish Churth of Scotland. Aberdeen Year ended 31 December 2024 Accountin8 Pollcies The principal accounting policies, which have been applied con5É5te¥rtly in the current and preceding year in dealing with item5 which are considered materral to the financial statements, are set out below. Basls of preparatlon The financial statements have been prepared in acwrdance with the charÈty'S constitution. the Charities and Trustee Investment (Scotlandl Act 2tXJ5. the Charities Accounts (Scotlandl Regulations 26 las amended) and "Accounting and Reporting by Charities= Statement of Recommended Prartice applicable to charities prèparing their accounts in accordance with the Financial Reporting Standard applicable in the VK and Republic o Ireland IFRS 1021 leffeLtive l January 20191". The ch8rity is a Public Benefit Entity a5 defined by FRS 102. The financial statements are ppared sterSin& whKh is the functional currency of the charity. Monetary mounts in these financial ststements are rounded to the nearest £. The financial statements have been prepared under the historical cost converfion. The principal accounting policie5 adopted are set out below. Unlon of congfe8atlons On I September 2024 Devana enterered into a Union with St John's Church for Deaf People which operates as a local Mission Church within Devana. The introduction of fvnds from 5t John'5 Church for Deaf People on the date of union are shown under other income on the statement of financial activities and detailed in note 6. The comparative figures have not been restated. Golng concern At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resour$ to ¢ontlnue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of account4ng in preparing the financial statements. Income Income from donations is recogntsed when there is evidence of entitlement to the gfft, receipt is probable and its amount can be measured reliably- Entitlement usually arises immediately on its receipt unless there are terms or conditions wh¥ch must be met before the charity is entttled to the resources. Receipt of a legacy is re¢ognised when it is probable that it wtll be received. Receipt Is normalty probable when there has been grant of confirmation, the executors have established that there are sufficient assets in the estate, after settling any liabilities, to pay the legacy and any conditions attached to the legacy are either within the control of the charity or have been met. Donated professional service5 and donated fa¢ilities are recognised as bncome when the ¢hèrtty has control oveT the item. any conditions associated with the donated rtem have been met, the receipt of economic benefit rom the use by the charity of the item 15 probable and that economic benefrt Can be measured reliably. In accordance with the Charitie5 SORP IFRS102I the general volunteer time of congregation members is not recognised. On receip¢ donated professional services and donated faciltties are reco8ni5Èd on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economi¢ benefst on the open market- a corSpOndIng amount ts then recognised as experhditure in the period of receipt. 12
Oevana Parlsh Churth of Scotlaod. Aberdeen Year ended 31 December 2024 Accounlln8 Policies {c47ntlnued} Interest on funtls held on dep05tt is inclLtded when receivable and the amount can be measured reliably by the charity.. this is normally upon notrfication of the interest paid or payable by the Bank. Investment income Is stated when received. Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payrnent to a third pèrty, it is probable that settlement will required and the amount of the obligation can be measured reliably. Expenditure can be tlasstfied under the following activity headin8S- Costs of ratsin8 fvnds comprise the direct costs associated with fundraising. Expenditure on charTtable actwities includes all other costs associated with the running of the charéty to further its purposes and associated 5UPPOrt Costs. Expendtture includes VAT which ¢artnot be recovered and is recorded a5 Part of the expenditure to which it relates. Fund accountln8 Funds are classrfted a5 either endowment funds, restritted funds Of unrestricted funds, defined as follows= Endowment funds are funds which have been given on the condition that the original capital sum is not reduced, but the income therefrom is LEsed for the purpose defiEI in accordance with the objects of the charity. Restricted funds are fvnds subjert to specffic reqU1ments as to their use which may be declared by the flonor or with their ahOrity or created through le831 proce55es, but stlll within the wider objects of the ch8rity. Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees. discretion to apply the fund. Fixed assets The Church has the right to occupy and use for its charitable objects certain tangible Te a55et5, including the Churches and halls of the former St Mark's, Ferryhill and Holburn Churthes vested in the Church of Scotland General Trustees and the manses of the former Ferryhill and South Holburn Churches vested in local Trustees. No consideration is payable for the use of these assets. Expenditure incurred on the repairand maintenance of these assets is ch3rged as an expense In the statement of financial activities in the period in which the liability arises. All tsngible fixed assets costing in excess of £1,0 having a value to the Church greater than one year, other than those acquired for specrfic purposes, are capttalised. Depreciation is provided to write off the cost or initial value, less residual value, of tangible fixed assets over their estimated useful lives as foltows= Property improvements Office and safety related equipment Muslc and sound equipment 3 years straight line 3 years straight line 6 years straight line
Devana Parish Church of Stotland, Aberdeen Year ended 31 December 2024 Accountlng Policies Icontinuedl Investments Fixed asset investments 3re stated at market valLFe at the balance sheet date. Unrealised gains and losses present the difference between the matet value at the beginning and end of the inancial year or, if purchased in the year. the difference between cost and market value at the end of the year. Realised gains and 1055e5 repSent the difference between the proceeds on disposal and the market value at the start of the year or c05t rf purchased in the year. Transaction costs are expensed as incurred. Cash and cash equivalents Cash and cash equivalents include cash Trn hand, deposits held at call with ban. other short-term liquid investments with original maturities of three rnonths or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Financlal Instruments The chartty has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its fiftancial instruments. Financial instruments are recognised in the charity's balance sheet when the charFty becomes party to the contractual provisions of the instrument. Financial assets and liabilr(ies are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an Trntention to Settle on a Tret basis orto realise the asset and settle the liability simuitaneou5ty. Basicfinanciolossets Basic financial assets, which include debtOTS and cash and bank balances, are inrftially measured at transaction price including transaction costs and are subsequently carried at aTnortised ¢ost using the effertive interest method unless the atrangement constitutes 3 financing transaction, where the transaction is measured at the present value of the futu reiptS discounted at a market rate of interest. Financial assets classtfied as receivable withirt one year are not amortised. Basicfinanclalliabilities Basic financial liabilities. including credttor5 and bank loans are initially recognised at transaction price unless the arrangement con5twtutes a financing transaction, where the debt instrument is meaSud at the present value of the future receipts discounted at a market rate of interest. Ftnancial liabilities tlassified as payable within one year are not amortised. Debt instruments are Subsequent carraed at amortised cost. using the effertive interest rate method. Trade credrtors are obligations to pay for goods or services that have been acquired in the ordinary Course of operations from suppliers. Amounts payable are cla55ified as current liabilities if payment is due within one year or less. If not, they a presented as non-current liabilities. Trade creditors are recognised initially at transaction price and Subsequent measured at amortised cost using the efferttve interest method. Tajtatlon Devana Parish Church of Scotland, Aberdeen is reco8nised as a charity for the purposes of applicable taxation legislation 3nd is therefore not subject to taxation on rts charttable artivities. 14
Devana Parfsh Church of Scotland, Aberdeen Notes formlng part of the flnanclal Statements Year endod 31 December 2024 Unrestrlrted Restrl¢ted Endowment Funds Funds Funds 2024 2024 2024 Unrestrlcted Funds 2023 Restrlcted Funds 2023 Endowment Funds 2023 Total 2024 Total 2023 Donatlons and Lega¢les Offerlngs Tax recovered on Gift Ald Legacles Other 115,447 14,244 41,135 5,024 120,471 14,244 41,135 78,575 11,026 42,917 45 78,620 11,026 42,917 170 826 175 850 132 518 45 132 563 Incom• Irom ch•rlt•bl• ictlvltl•$ Weddings, Baptlsms and Funerals Coffee mofnlngs et¢ Grant Income Recelpts from General Trustees Other 1,251 60 1,311 700 700 6,921 6,921 129,200 9,380 146 812 129,200 5,514 135 965 3,866 19,832 Incom• from other trldlnq •rtlvltles Rent Recelved 36,433 23,698 Inveitm•nt Income Dlvldends recelved Deposlt Interest 47,697 12,302 36,277 2,050 695 84,669 14,352 33,939 5,838 12,260 619 46,818 695 619 Other Inwme Transferred on unlon 5,965 5,965 340,700 94,534 435,234 435 234 Total Income 403,223 60,163 695 464 081 555,065 110 599 619 666 283 15
04van• Parlsh Church of Scotland. Aberdeen Notes formlng part of the flnanclal statements Year •nded 31 December 2024 Unrestrlcted Restrlcted Funds Funds 2024 2024 Endowment Funds 2024 Unrestrlcted Funds 2023 Restrlcted Funds 2023 Endowment Funds 2023 Total 2024 Total 2023 An•lysl$ ol Expendlture R•liln8 Fund$ Invt5tment Managerfs Fee5 Offerlng Envelopes 1,009 154 420 1,429 154 923 229 420 1,343 229 420 420 Chirltable Actl¥ltles Glvln8 to Grow allocatlon Presbytery Dues Mlnlster's Expenses Pulplt Supply and Locum Costs Other salary costs Fobrlc Repalr5 & Malntenanee Councll Tax Other 8ulldlngs Costs Church Offlce Expenses Orgpn & Mu51c Donatlons made Independent examlner's fee Audlt fees Other expenses 139,553 6,568 4,665 264 31,040 139,553 6,568 4,665 264 31,040 15,592 110,799 5,390 8,754 6,337 39,078 110,799 5,390 8,754 6,337 39,078 22,D06 4,875 78,176 11,767 3,587 17,217 330 15,592 22,006 4,875 74,799 11,767 2,695 617 330 5,400 13,407 284,248 136,963 16,302 4,833 4,525 4,716 218 18,095 367 742 1,121 138,084 16,302 4,833 6,525 4,806 218 21,414 389 864 3.377 892 16,600 2,000 90 3,319 22,122 13,880 56,755 200 200 27,487 335,803 Total Expendlture 368 905 22.542 391447 285 400 200 337 375 Support ¢0Sts have not been separately identified as the trustees consider there Is only one charitable activity- Therefore support costs relate wholly to that activlty and have not been separately identified. 16
Devana Parfsh Church of5¢oflad.Aberdeett Notè5 forming Part of the financial ststements Year ended 31 Dember 2024 2024 2023 stsff costs and numbeys Salaries and wages Social securtty wsts Pension costs Redundancy payments 30245 31,676 645 373 6,384 795 31.040 The average number of employees durln8theyÈar was as follow5-. 1024 Number 2023 Number Administration Music staff Premises maintenance No employee had employee beneffts in excess of E60,¢J)012023- £n¥ll. All Church of kotland con8Tegations contribute to the National Stipend Fund which bears the costs of all mSnlstets' stiperTrds and employer's contributions for natlonal insufance, penslon and housing and loan fund. Ministers, stipends a paid in accordance with rhe national stlpend scale, which 15 related to year5 of seryice. For the year under review the mlnimum 5tlpend was £31.642 and the maximum stipend lin thefifth and subsequent years) £38.884. Trustet Remujwatlon and Related PartvTranCt1oTh$ Duilng the year 9 membeTS12023 22 E9,34312023- £7,747). £28712023 £4,.; of thp Kirk Sesstogb receNed reimbursement of miscellaneous expenses totallin8 recesved a salary of £9,55012023 - £7,1191 and penSn contrib)nS of received paynts of £4,83312023- £2,695) No trustee or a pe related to a trustee had afry personal interest tn any contrdrt or transattion ertered into by the charity durin8theyear. Duringthe year 3 tot ofE25712023- £19,666) wa5 th)nated tothe congre8ation by trustees. 17
Devana Parish Churth of Scotland.AberdttTh Notes form1 partoftheffingncial ststements Yèar ed 31 DeCemr 21)Z4 10 Tan8lbte Flxed A55ets Property lThpm¥ements Equipme Defibrllator Equipment Total C05t At l January 2024 Additions Disposals 1,172 3,566 47.221 628 5,366 47.221 At 31 December 2024 628 Depretiatlo At l January 2024 Charge for the year Disposals 228 391 693 5,780 122 209 1,(143 6.380 At 31 December 2024 619 6.473 331 Net bookvalue At 31 December2024 553 44.314 297 45.164 At 31 Decetnber 2023 506 4,323 Durin8 the year the charity had the right to otcupy and use for Irs charitable objects the buildings known as St Mark's Church, Ferryhill Church and Holburn South Church which afe vested in the General T¥ustees of the Church of Scotland. No tonsideration is p3yable for the use of these assets. Expenditure incurred on the repair and maintenance of the assets ère charged as resources expended In the Statement of Fsrtanc>al Activites in the period in which the liability arises. 11 Investments 2024 2023 Market value at l January Acquisitions at cost Disposals Reali5ed gainsllosses on disposals Net gainslllossl on revalutarions in the year 1,348,134 424,952 11.CX)91 1,026,805 269,635 19231 38.149 52.617 Market value at 31 December 1810 226 1 348 134 Investments at C05t 1063 778 The following Investments are held: 2024 2023 Church of Scotland In¥esrors Trt&rt Grovrth Fund Church of scotland Investors Trust Income Fund 407,095 1,186,727 1,593,822 147,585 55,358 13,461 372,(MJl 751,046 1,123,047 162,549 54,131 8,¢7 listed investments held with Miller & Co Investment Managers Limited Listed investments held with St James's Place Weath Management OtheT listed investments 1.810 226 1348 134 Investments are held prmarily for an investment retrn. 18
Devana Parish Chwth ofkndand. Aberdeen Note5 forming part of the fin•1 statements Year ended 31 Drnbel 2024 12 Debtors 2023 Gift Aid Tax Refvnd Due Prepayments Other 10.5(M) 13.603 6,436 13 Credltors 2023 AtcRtals 20.397 21.260 14 An45&5 of NetAssets ArTrongFunds Totsl Fixed Assets Investments Current Assets Current Liabl1leS Net assets at 31 Dec 2024 45,164 1,142,227 273.458 120,3971 1,440,452 45.164 1,810,226 598,084 120.3971 2,433 077 635.141 317.153 32.858 7.473 19
Devana Parfsh Churth ofScotl•nd. Aberdeen Notss formlr¥p•rtofthe finanual rtaternents Year ended 31 De¢ember2024 15 Movements in Funds Other Transfers At ljanuary 2024 InmIng Re50ur£e5 Oulzolno Resour At 31 Dec 2024 11055e5) fvnds Endowmtntfund5 Trusr Account Church Fund Collie Fund Craigmyle Bequest Gauld Knowles McKenzie Surnrners. Bequest 5.277 4,985 3.908 449 4,716 1,730 14.417 1,321 5,277 5.663 4.277 449 5,333 1,957 16,054 1,321 133 545 297 122 45 323 495 182 1,314 695 2.833 Re5tritted fund5 Guild Fund (pviOUsly St Mark'5 Guild Fund) Margaret Donald Fund Benevolent Fund Congregational Development Fund Central Heating Church Reserve Congregational Cater1neVents Fund Flower Manse St John's Church for Deaf People Fund Organ Fund Outreach Fund Sunday School Fund Education Fund William David%in Fund Alice Forbes Bequest Fun Marnse Property Fund Specified DOnatOnS Funi Congregational Organisal 66 28,953 13,424 25.826 11,894 616 416 2,511 1,114 97,21JO 4.661 602 iio 97,912 4,661 18071 11,1671 2,205 1,167 4,354 6,405 9,281 16481 11.1211 220 1.121 6,434 125061 13481 4.466 8,394 8,815 2,937 9,121 10,517 479,262 268,270 9.163 2.937 7,819 10,417 459.542 270536 257 i(K) 31.435 13,118 1.045 115.5921 14201 3,877 I14.) 423 15,274 927 518 423 3,8S3 952 294 2.387 11.7531 112.0551 20
Devan• Parish Churth of Scotland. Aberdeen Notes formln8 part of thefinancial ststements Year ended 31 December 2024 15 Movements Fuhxls Ictxrtinuedl Other Galnsl (hse$) Transfer5 At l January 2024 Incoming Outgoir Resour Re50ur At 31 Dec 2024 funds Unrestricied Funds Projetts Fund Kitchen Fund Organ Fund Education Account Fabric Account Manse Account Benevolent Fund Supper Club Fund Chapel Chimers R055's Trusr Congre8atitsnal Development Fvnd Sanctuary and Music Fun M Mclntosh Bequest Fu Sunday Club Summer Club Unallocated General Fund 2,274 2,893 2,870 10.377 95.398 19,914 22,671 2.(X)2 503 12.2741 2,893 2.870 10,377 95.821 19,914 30,405 5,434 503 50 373 356 I1.3) 237,956 13.408 1,870 16 238 253.234 1,905 31,995 11,6031 30,330 593 127 130 224,146 657,480 700.493 1357 973 1.427 85 383 15.3091 IfA)91 4.631 130 230,833 688,762 751,690 356,534 380.621 22,602 403 223 1358.gd51 1367.8961 11,W91 9.302 11,799 29,604 11641 6.758 Capital Reserve Total fund5 2 322 294 2 433 077 21
Devana Parbh Churth of Scotland. Aberdeen Notes forniing part of thefinandal statements Year ended 31 DeceMr 2024 15 Mo¥emÈnts In Funds (conlnuedl GainllL0551 TransFers OulWbY on Re¥aluatlon between Resourtts otjnvestsments fvnds At l January 2023 Incomln8 Resour$ At 31 Dec 2023 Endowmentfunds Trust Account Church Fund Collie Fund Craigmyle Bequest Gauld Knowles Mcxenzie Summers. Bequest 5,277 4,640 3.611 449 4.221 5.277 4,985 3,908 449 4,716 1,730 14,417 1,321 119 65 12(M) 426 232 108 387 142 1.028 13.102 1,321 287 619 200 2.215 Restrirted funds St Mark'5 Guild Fund Margaret Donald Fund Benevolent Fund Congregational Development Fund Central Heating Church Reserve Con8re8ational Flower Manse Organ Fund Outreach Fund Sunday School Fund Education Fund William Davidson Fund Alice Forbes Bequest Fun Manse Property Fund Specified Donations Func Congregational Organisatiorss Fund 238 28.754 8.733 330 15021 15.4391 121,1601 66 25,826 11,894 1,%3 971 23.350 54,570 4.661 42,579 51 97,200 4,661 807 1,167 8,665 1,121 9,163 2.937 7,819 10,417 459.542 270,536 1.167 4.476 4,498 10.055 2.937 6,774 2.749 58.795 265,046 475.CKJO 4,607 18901 13,3771 18921 172 3(Xl 228 817 870 12,233 122,0061 14201 42183 16.3231 153,1171 1421,8831 423 423 17,763 110 599 12.4891 15.274 927 518 300 22
Devana ParF5h Churth of Scotland. Aberdeen Notes formlng part of thellnantialststements Year ended 31 December 2024 IS Movements in FurKIs l¢Mtinuedl Gakni(Loss1 At ljanuary Iwoml 2023 At31 Dec 2023 Unrestricted ndS Projects Fund Kitcheri Fund Or8an Fund Education Account Fabric Account Mènse Account Benevolent Fund Supper Club Fund Chapel Chimers Ross's TrSt Congre8ational Development Fund Sanctuary and Music Fun M Mclntosh Bequest Fun Sunday Club Sumrner Club Unallocated General Fund 6.843 2,893 2,870 10.377 40A52 14294 16,601 2,274 160431 2.274 2.893 2,870 10,377 95,398 19.914 22,671 2.1K>2 503 53,446 5,620 6.070 11,9281 503 230.454 2.773 29,188 593 127 7,502 75 L142 237.956 2,848 30,330 593 127 130 224,146 657,480 700.493 1357 973 130 289.11 387,878 647,979 1 035 857 202.885 535.894 19,171 12825491 1284.4771 19231 8,266 18.485 34.266 6,543 Capital Reserve Totst lunds 1999 286 666 342 775 2 322 294 23
De¥aM Parlsh (hurrh ol Sc)tland, Aberdeen Notes formln8 part ofthe financ1 ststements 15 eMents In Fund5 (¢ontlnuedl Purposes of Endowment Funds TwstAttount.. IrKoFnelrom the Tnjst Account is used to support the incumbent Moderatorofthe Kiik Sesslon. Church Fund {afvrmerDDwdson Fundj.. Income isto be useis for Stipend. Collie Educaliontrl.. Income is to be used for educational pUrses. Crnigmyle BequesL. Income 15 to be used for Chrrstmas grfts. Gould Fund.. Income 15 to be used for youth activities. Knowles 8equesr.' Incorne ss to be used for Benevolent purpos McKenzle Bequestr Income isto be used for Benevolent purp05e5. SvmmersBtouest.. Inc<t is to be used forthesunday khool. Purposes of Rtstrkted Funds The GuIldFundlfomr51mors GulldFund).. These are fund5 set aside for Guild actmties. MuryarettnoldFynd.. Thisfund was established In 2016 from a legacy, the conditions of which require the capital to bè maintained and the interest used for the purchase of books. music etc. BenevolentFund.. To be used for Benevolence withir the Congregation. ParTr5h and thewider CotnTnunity. Congregotionul Oevelopmtnt Fund (incArfng thefvrmer Bequest Fund).. To be used for the purpose of assistance with projects benefictal to the development of CongatIOnal development. CentrulHe&tlnq.' To be used in the event of major repairs to the Manse central heating system. Church Reserve.. To hold monies foi and on behalf of 8roups/projects in abeyance at pYe5ent. During the year, these funds were used for various purposes such that the fund has raow closed. Coterlng/events Fund.. To be used for Church social events at either building. whether internal or missional, created from former Holburn Lunch Club mnies. Conore9odonal.. To temporarily hold monies collerted for charitable PUfpose& L)uring the year, these funds We used for various purpo such that the fund has now tlosed. FlowerFund.. To be used to provide flowe¥5 in the church when income donations are insufficient. Mofft>se.' To be used for general maintenance of the Manse. Stjtshn's Chur¢ltfvrlknlPeople Fuml.. To be vsed for the local Missior7 Church withln Devana. Orgon.- To be used for maintenance ofthe Organ. (treach.. To be used to purchase equipment and materia15 forseryices at venues other than the church. 5undoySchool.. To be used for materials, trips etc. Educutpon Fund flYluding the former Youth Cwnisorfoft fvndl.. To be used to promote Christian educatson and development for individuals and group5 Within the Cong8tion. Iyillhm DOon.. To be used for the Fabric of the Church. Alice ForbesBequestFund.. To be used for Fabric purpws. Monse Property Fund.. Thi5 fund represents the value of the Manse which If 501d. the proceeds must be used for fabri£ purposes. Durin8 2023 the manse was sold and the balance on the fund was transferred to the William Davidson Fund, which as noted above, is used forthe Fabric of the Churth. 5pecllledDonutlons Fund.. This fund represents donation5 eNed for a specific purpose. Congreqation#l (hygnlsotions FUMI.. This fund represents the monies held by various Church Groups in the former Holburn South Churth. 24
Devana Path (hurth ofscothnd. Aberdeen Notes forming partof the finantial Statements Year ended 31 Decernber 2024 15 Movements In Funds Icontinuedl Prolerts Fynd (lrtluthng the lornr South Ilolbtsm Chorknble Apts Fu•KIJ.' This Fund represents fLtnds set aside to meet charttsble appeals for specific projects and is e atthe discretlon of the Kirk Session. Duringthe year. these funds were used forvarious purposes such that the fund has now c105ed. Kitchen Fund.- Thi5 fund is used to meet ongoing repair and replacernent of kitchen equipment. Fund.. This hlnd Is used to meet t)oth annual and extraordinary expendr(ure in relation to continued maintasnance. tuning etc of the Church organ. Educotlon Account.. This Mnd is used forthe pUoSe5 of Chri5t4an education across the whole age range of the RibrArAccountr This ts used to meet major repair and masntenance costs of the Church buildings as well as replacement and repair etc equipment used in the church. There Is a separate fund for malntainenance etc of thea)urch Organ. Monse Acmunt {includlng thefwnwFenyhlllDwtsSefton memoriulFuj.. ke the Fabric Accountthe resources in this account are used to maintain the Church Manse. In this case howw all repair and ffla1ntenae a)sts associated with the Manse are met from this actourt rather than the General Fund. 8enevolent Fund.. This fund may be used at the dixretion of the Minister to provide finènclal suport to any person considered to be in need whrch may not be ableto be met from public or other funds. Svpper Club Fund.. Funds that are set aside the purpose of providing freshly cooked evening meals in a safe and welcoming env¥ronfflent for the homeless. lonely and vulnerable. chope1chinl$." Church Group for the administration requirements of the Chapel Chimers. R055'5 Trurt.- Thi5 fvnd was established in 2019 from monies reeeNed from the trust, previously associated with Queen Street Church but suspended in 2017 and 2018 due to reconstruction work carried out by its trustees. Conqreg&titinal Deve1trpnt Fund.. These funds are set a5rde to assist with the performance of project which are determined as being beneficial to the development of the con8re83tioJ)'s activities. Sonrtuory tynd Musk Fund.. Funds for costs associated withteh enhancement of worship and sanctuary. includin8 the purchase of music resouwces used for Worship. Mmclntosh Beque¢Fund.. Funds set aside for ministerial support. Sunday aub Fund.. Church or8anisation for prirnary school children, normally holding thities on Sunday mornings. Summer Club Fund.. Church organisation lor primary school children. nomially holdtng attlAties for one week drIng summer. Geneml Fund.. Sometimes referred to as the "Congregational Accounv. thi5 fund is used for the management of the routine day to day incomeand expendf(ure of the th*regats'on. Copliul Rese¢ Fund.. This fund represents proceeds received from the Sale of the Manse whlth have been set aside by the Trustee5to meetthe c05t of maitir capital projects. 16 Volunteers In common wth all congregations of the Church of Scottand the congregation benefits from the contribution made by volunteers who gi¥e their time and tslents willingty tor the beneft of the Church. The areas of congregational life which fely on the contributton of ¥olunteers are many and varied and much of the attivity would be vnable to continue were it not forthe commitment shown. 17 Controllln8 P•rty The charity is urkderthe control of the Trustees, as detailed on page 6.
Devana lISh Church of Stodand. Aberdeen Not lormk¥ partofthefirlatitial Statem Yearended 31 Decemkn 2024 18 Reconclllatlon of nel movement In fvmls to netsh flow from operatlnz artm 2023 Net MoveMt in fijnds Add back depreciation charge Deduct investment income Dedutt galDs/add back losses on investmènts Deduct 6aifts/add back losseson disposal of piopertv Oedurt other gains/add backother Decrease/l(ncrea5el in debtor5 Increase/ldecreasel in creditors 110,783 6.380 199.0211 138,1491 323,008 1.043 154,2561 152,6171 53,117 13.6671 18631 124.5371 112,1441 15.576 273,727 19 CollertionslorThird Partle5 1024 2023 Christian Aid DEC appea15 DEC Turkey & Syria earthquake appeal Earl Haig Fund Poppy Scotland Friends Intematio?I Instant Neighbour Living Well Project Dementia Bape Crisis Roxburghe House World Day of Prayei 1,519 1,950 539 433 469 183 626 1,170 311 2,377 79 4,951 26