Kinross-shire Parish Church of Scotland Report of the Trustees For the year ended 31 December 2025 Kinross-shire Parish Church of Scotland Accrued Accounts and Trustees Report for the year ended 31 December 2025 Congregation Number: 281733 Scothsh Charlty Number: SC015523 Kinross-shlre Parlsh Church of Scot13nd Report of the Trustees Icontlnuedl For the yepr ended 31 L)e¢ember 2025 Table of Contents Trustees, Annual Report Objectives and Activihe5 Achievernentsand Performance Financial Review Investment Policy and Performance Risk Managernent Reserves Policv structure, governance and management Reference and administrative infomiation Independent Examiners Report Accounting Policies Statement of Financial Activities Balance Sheet Notes to the Accounts Appendix io 12 13 14 26 Page 2 of 26 Kinross-shire P8rish Church of Scotland Report of the Trustees Icontinuedl For the year ènded 31 Dècember 2025 The trustees present their annual report and tinan¢ial sratements of the charity for the year ended 31" December 2025. The financial statements have been prepared in accordance with the accounting policies on page 10 ind comply with the Generdl Assembly Regulation5 for ConEregational Finance. the Chariries and Trustee Investment (Scotlandl Act 2CM)5, the Charwknes Accounts Iscotlandl Regulations 2006 las amended) and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing thèir accounts in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland published on 16 July 2014. Objectives and Activities The Church of Scotland is Trinitarian in doctrine, reformed in tradition and Presbyterian in polity. It exists to glorify God and to work for the advancement of Chrisvs Kin8dom throughout the world. A5 a national church, it acknowledges a distinthve call and duty to bring the ordinance5 of religion to the people irk every parish of Scotland through a territorial ministry. It co-operates with other churches from various ecumenical bodles within Kinross-shire, scotland and beyond. We reflect the above in Kinross-shire Parish Church which ts part of the Church of Scotland. and it exlsts to Elorify God and to work for the advancement of Chrisvs Kingdom. Our mission statement= "Worshipping God, Following Christ, Serving the Community, reflects this. As a united church family, we work to build up one another in love, reach out with the Good News of Jesus Christ to the par15h in which we live, and contribute to God's work in Scotland and beyond. We try to put Christian worship, fellowship, and service at the heart of everyday life. As the united church of Kinross-shire Parish Church was formed on 1st January 2025, we are blessed to have three worship centres. The ministry team in Kinross-shire Parish Church comprises.. Two full-time ministers of Word and Sacrament as agreed in the Presbytery Mi5510n Plan and a locally funded part-tirne associate minister. In the future a full-time youth minister will be added working in conjunction with KYTHE (Kinross-shire Youth Enterprise) funded for the next two years through Seeds of Growth initiative. There are three permanent places of worship in our united charge.. Fossoway. Kinross and Orwell with services held each Sunday. The church used and occupied by the coneregation at Portmoak shall be sold as will Cleish Church. The proceeds of the sales will be credited to the benefit of the united congregation of Kinross-shire Parish Church. Until the sales of Portmoak Church and Cleish Church are complete they shall be used as additional places of worship for the united congregatfjon on date5 and at times to be decided by the Ministers and Kirk Session. We welcome our members to come forward to play an athve role in our worship and in service ¢0 our church. Sunday services are the main focus of our congregational life and offer a range of worship styles. They are 5UPPOrted in person as well as being livestreamed. Other forms of worship take place throughout the week, including several house-Eroups, midweek service5 and evening prayers. The sacrament of Holy Communion is celebrated informally monthly and fomally quarterly- After most services many stay to enjoy fellowship over tea and coffee, Flowers from services are taken each week to homes in the parish. The minister5, pastoTrl workers and others visit those in hospital or who are housebound. There are a variety of Services throughout the week that take place in care homes and at the Church Centre. Special services are held at Easter. Harvest, Remembrance Sunday, Christmas and as felt appropriate by Kirk Session. There is morning silent meditation, and evening services of Compline are held monthly. Varying forms of fellowship are available throughout our parish through a variety of active 8roups. These inclLJde Page 3 of 26 Kinross-shire Par15h Church of Stotland Report of the TrustÈès Icontinuedl For the year ended 31 December 2025 Board Games & Bridge, Guild, Craft Groups, Choirs & Praise Band, D¥Jngeons & Dragons and Flower Groups, online Table Talk, Tea & Blether. Oasis ladies Eroup and Refresh. Leys Sing afternoL)ns are held for those livirbg with dementia anLI there are monthly get together5 for adults Wtth learning disabilities at All Friends Together. We feel particularly blessed in the range and support of our various youth programmes from Stepping Stones Ibabies and toddlers) through Junior Church14-11 year-old), Messy Church, CrDssfire IP7+1, Sunday @ 7116- 30$), Dungeons & Dragons {under 1851 and 1st Kinross Boys, Brigade & GiAs' AssociatioD. This yearfs annual Family Week had over 2(I>F young people on its roll. The youth charity KYfHE. founded 11 year5 ago and is still part-funded by local churches, had a record year for attendees and activities. The funds raised at Christmas Fair held in Orwell Church were all sent to Overseas Mission Fund to support Lorna Ferguson, the daughter of one of our members. As part of our èngagement with the community, we support local organisations and groups by hiring out our premises including churches. Among these is Kinross Centre. an independent charity supporknn8 older people in Kinross and out.lying areas. The church also engages with the commuT)ity by running stalls at the Kinros5 Farmers Market, Fossoway Gathering, Kinross Better Place to live Fair, Fossoway Film nights and having weekly Fairtrade stalls. In addition we have active engagement with local schools. Further afield we partner with a number of people and churches including the Great Church of Debrecen in Hungary and actively continue to support our partners in Malawi. Achievements and Performance Attendance at Sunday worship has been good though still lower than pre-covid levels, with many watching remotely. either live or on catch-up. We are recognising that people are increasingly touching church not just on a Sunday but also through our outreach into our local community thrrJuEh Stepping stones and house groups for example. Our website, Facebook, InstagrJm. and the weekly electronic news mailer are valuable means of sharing Information. ThÈ Admin & Comm team of volunteers has been working to 5UPPOrt clear, consistent and coordinated communication across the three WOTship centres and in the community. A leaflet of Advent & Christm35 services was delivered to every household in Kinross-shire to introduce Kinross-shire Parish Church and to assure everyone of a warm welcome. Church Administration Managerfs hours have been increased to support the administration of church lrfe, parhcularly assisting the Treasurer and Property Convener. Careful attention continue5 to be paid to legal responsibiltties such as data protection. We welcomed Alex Johnson on placement as part of hiE trainin8 for full-time ministry. During the year our Special offerings contributed £9,891 of the total £11.682 donated to third parties as shown in note 17. We are an active church, but little could be achieved without being led by an extremely capable and hard working Minister in Rev Alan Reid, assisted by Rev Robert Calvert, Rev Christine Sime, and Probationary Alex Johnson. This team is enhanced by our worship leaders Brenda Fraser and Irene McFarlane. In conclusion we have many aims and objeclives for 2026 as we all get to know our larger congregation better and understand that we all have one common objective and that is to spread God's Good News to Kinross.shire. We look to the future wilh excitement as we see the opportun(tres ahead as one church and how we can grow as a church. Page 4 of 26 Klnross-shire Parish Church of Scotland Report of the Trustees Icontinuedl For the year ended 31 Oecember 2025 Financlal review In this tirst year of the united corbgregation. it Is good to report that income was higher than anticipated at £349,057. The largest element of this was of course Donations and legacies of £259,968 including gift-aid tax recoveries of £42,992. Rental income from premises lets was also significant at £32,337. Expenditure was also as expected at £367,008. the largest item being our GivinE to Grow levy of £152,887 to Church of Scotland, th15 based on recent annual levels of ordinary income. This forms Kinross-shire's share of ministerial salaries, central costs and wider outreach of the national church. Our premises consurne the next biggest category of costs at £99,377. with local payroll following at £43,910, and outreach & community at £22,696, The net result for 2025 was a deficit of £17,951, with which the Trustees are 5ati5lied given thi5 Was the lir5t year of the four former congregations coming together. However. adding an uplift of £47.183 in the market value of our investments led to a final surplus of £29.232. Full details are found on the Statement of Financial Ath"vities on page 12 and in the notes which follow. The Balance Sheet on page 13 shows that we have a strong level of inve5tment5 at £705,551 and cash and bank balances of £156,784. A cottage at Cleish is estimated to be worth £80,IX)O and this will be sold in due course. In addition £532,129 at cost (MV E656,6171 is held in the Church of Scotland's Consolidated Fabric Fund which is available for future fabric costs. Merger accounting has been used to add the assets of the individual congregations to these accounts. This means that 2024 shows ihese assets as if the four conEregations had always been one. During the year various overlapping funds have been rationalised. seeking permission where necessary frDm donors and the charities regulator OSCR. Details are shown in note 15 on pages 18 to 22. A significant effort has been required to prepare for the linancial aspects of the union and to manage it since. The Trustees are grateful to the Finance Committee and in parhcular to our treaSu￿r for thelr skill, support and effort. Investment Policy and Performance Funds beyond those required in ihe short to medium tem) are held in Investments at the Church of Scotland Investors Trust as detailed in note 10. Any income from these contributes to the running cost of the Church. Risk Management The principal risk5 we face are ageing member5hip* office bearers and Kirk Session alongside reduced numhers and income. To try to reduce the impact of these we have family services and Messy Church tD encourage additional younger members and families. Younger people are being encouraged into leadership roles and eldership. Giving by Standing order as a more reliable source of income is being encouraged. If income should fall we would have to reassess our expenditure. We should be aware of the risk of Ransomware attack on sensitive éata due to tts association with religion. In addition we could suffer Reputational Damage due to an incident or decision which could result in members leaving us. Reserves Policy The charity trustees have considered the reserves required and have taken account of their current and future liabilities. It is the Trustees. policy to hold at least 40% of annual expenditure in liquid reserves and at the end of the year the Church held unrestricted cash funds of £139,57412024 £141,329) which represented 38% of current year charitable activity expenses. This was a year of exceptional expenditure but consideration should be given whether we wish to withdraw investments in the future to achieve the policy. The balance of the reserves 15 in medium and long-term investments with Church of Scotland Investors Trust IMV of £531,453 in Unrestricted Funds). We also require reserves for the unpredictable major repairs for old buildings at unplanned times. Endowment reserves of £37,IX)7 at MV are held in long term investments. Restricted Fund5 Wlth MV of £137,091 are held for the purposes specified in note 16 to the financial 5tstements. Page 5 of 26 Kinross.shire Parish Church of Scotland Report of the Trustees Icontinuedl For the year ended 31 December 202S Structure, governance and management la) Governing Document The congregation is a registered charity and is administered in accordance with the terms of the Deed of Constitution Iunitary Forml and 15 subject to the Acts and Regulations of the General Assembly of the Church of Scotland. {bl Recruitment and appointment of Trustees Members of the Kirk Session are the charity trustees. The Kirk Session comprises 15 elders of the church who are chosen from those members of the church who are considered to have the appropriate 8ifts and skills. The ministers. members of the Kirk Session, are eletted by the congregation and indurted by Presbytery. The aim is for Kirk Session membership to be on three year rotation. Ic) Organisational Structure The Kirk Session meets monthly and whilst it has oversight of all areas of the Church the meetings focus on governance and legislative issues. The wider eldership meet quarterly to Concentrate on the other arguably more important 35pects of Church life. There are teams with responsibility for Pastoral and Fellowship, Outreach and Comrnunity, Youth and Families, Worship and Discipleship, Admin & Comm5, Finance and Property, all of which meet regularly. These teams report directly to the Kirk Session. Working Groups are formed and disbanded as required and report to the Kirk Session. Page 6 of 26 Kinr055-5hire Parlsh church of Scotland Report of the Trustees l£ontinueill For the yeaf ended 31 December 2025 Reference and administrative information Charity name.. Kinross-shire Parish Church of Scotland Congregation nutnber: 281773 Charity registration number: SC015523 Operational a(Jdress: Mrs Linda Stewart clo 10 Station Road Kinross KY13 8TG Trustees Trustees who served TILL 30.6.25 unless Otherwise Stated Ginni Auld Russell Auld Stanley Bayne Kerrie Baston William Black Donald Brown 31.12.24 Alex Cant Lynn Caldwell Beth Cox Gini Currie Pat Eadie Marbn Grant 31.12.24 Debbie Hill Lillah Houghton Esme Malcolm Irene McFarlane Jeanette McLennan David Munro fjwen Perry Tina Shepheré .Cath Stewart Dorothy Thomson 150bel Watt Mike Barnacle Eileen Black Helen Buchanan Margaret Clark Fiona Dearing Lesley Harvey Morag Hogg Chrishne MacLure Gordon McFarlane Harry McLennan Rev Margaret Michie Jean Paterson Margaret Ritchie Margaret Spence Helen Stuart Jackie Watson Suzanne Wilkie 31.12.24 31.12.24 31.12.24 31.12.24 31.12.24 31.12.24 David Leslie Jenny Mas50n Alan McGhie Margaret Mcmillan 31.12.24 Stuart Neave Janet Reid Jane Smith Gillian Stuart Helena Thomson Kathleen Weir 31.12.24 31.12.24 31.12.24 31.12.24 31.12.24 31.12.24 31.12.24 Trustees who have seNed for the full period of the Trustees Report Rev. Alan Reid Kathrine Baird Allan Dearing Brenda Fraser Margaret-Elspeth Harman Alan Harper Anne McKay Alexander Smith Rosemary Tolson Douglas Walker Cara Chalmers Alice Gètley George Hayton Linda Stewart Jaffrey Weir Principal Office Bearers Rev Alan Reid Jaflrey Weir Linda"Stewart Minister Session Clerk Treasurer Principal Office Kinross Parish Church 10, Station Road Kinross KY13 8TG Independent Examiner Vicki Silvera, Valley View, Lochend Farm. Scotlandwell, Kinros5 KY13 9JQ Bankers The Royal Bank of Scotland plc, 52-54 East Port. Dunfermline, KY12 7HB Page 7 of 26 Kinross-shirè Parlgh Church of Scotland Report of the Trustees IcontirtuÈdl For the year ended 31 December 2025 Trustees, Responsibilities in Relation to the Flnancial Statements The charity trustees are responsible for preparinE the trusteeg annual report and financial statements in accordance with applicable law and Unwted Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charitres in Scotland requires the charrty trustees to prepare financial statements for each year which show a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial siatements, the trustees are required to.. select suitable accounting policies and then apply them con51StÈntlv- observe the method and principles in the applicable Charthes Standards and Statements of Recom- mended Prathce ISORPI: ake judgements and estimates that are reasonable and prudent: state whether applicable accounting SORP have been followed, subject to any departures disclosed and explained irt the financial statements. prepare the financial st8temÈnts on the going concern basi5 unless it is inappropriate to presume that the charity will continue in operntional existen￿. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotlandl Act 21X)5 and the Charities Accounts Iscotlondl Regulations 2006 las amendedl. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable Steps for the prevention arkd delection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information on the congregation's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in otherjuri5dictions. Approved by the Trustees and signed on their behalf, Jaffrey Weir, Session Clerk Page 8 of26 Kinroswhire Parish Church of Scotland Report of the Trustees Icontlnued) For the year ended 31 December 2025 Inde endent Examinerfs re Independent Examinerfs report to the Trustees of ￿nrOsS-ShIre Parish Church Year ended 315t De￿mber 2025 I report on the accounts of the charity for the year ended 31 D￿mber 2025 whth are set out on pa8es 12 to 26. Respective responslbillties of trustees and examlner The charitvs trustee5 are responsible for the preParat￿n of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotlandl Act 2(K)5and the Charities Accounts {Scotlandl Re8ulation$ 2ty)6 {as amendedl. The charity trustees consider tt)at the audit requirement of Reguktion 1011} la) to Icl of the Accounts Regula- tlons does not apply. It is my responsibility to examine the accounts as required under section 44111 Icl of the Act and to state whether particular matters have come to my attention. Basls of independent examlnerfs Statrmert My examination is rarried out in accordance with Regulation 11 of the Charities Accounts (Scotlandl Re8uIa- tion5 2006 las amended}. An examination inclvdes a review of the accounting record5 kept by the charity and a compari50n of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanatiODS from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and cons quently I do not expres5 an audit opinion on the view Eiven by the accounts. Independent examinees ststement In the course of my examination. no matter has come to my attention which give5 me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with Sertion 44(11 {a) of the 2(M)5 Act and Regulation 4 of the 2006 Accounts Regulations las amended), and to prepare accounts which accord with the accounting record5 and comply with Regulation 8 of the 2006 Accounts Regulations {as amended) have not been meL or to which, in my opinion, attention should be dravm in order to enable a proper understsnding of the accounts to be reached. Vlcki Silver Chartered A