CUPAR ST. JOHN'S & DAIRSIE UNITED PARISH CHURCH OF SCOTI.AND Trustees Annual Report and Congregational Accounts For Year ended 31 Décember 2024 Congregation No: 261554 Scotlish charity No: SC 015721
CUPAR ST JOHN'S & DAIRSIE UNITED PARISH CHURCH OF SCOTLAND TRUSTEES. REPORT YEAR END 31 DECEMBER 2024 The Trustees present their annual report and financial statements of the charity for the year ended 31 st December 2024 The financ1 ststements have been prepared in accordance with the accounting policies sel out in note 1 of the accounts and comply with the General Assembly Regulab"ons for Congregational Finance. the Charibes and Truslee Investment IScoUand} Acl 2005. the Chanlies Accounts (Scollandl Regulations 2006 las amended) and Accounting and Reporting by Charitses.. Statement of Recommended Praekn'ce applicable lo chanties prepanng their accounts in accordance wth the Financ1 Repott'ng Stsndard applicable in the UK and Republic of Ireland effectsve from January 2019. 08JECTIVES AND ACTivmES The Church of Scotland is Trinrtarian in doctnne. Refomled in trad'On and Presbyterian in polity. It exists lo glorify God and to work for the advancement of Chrisfs lQngdom throughout the world. As a national Church, it acknowledges a distinctive call and duty to bring the ordinances of religion lo the people in every Parish of Scotland through a lemtonal ministy. It ¢Othoperales ¢)ther Churches in various ecUmenal bodies in Scouand and beyond. Sl John's and Dairsie United Pansh Church aims to spread the Good News of the Gospel. by sharing the ways and teachings and love of Jesus Chrisl in and through the community il serves, and lo those further afield. Missional work is undertaken throughout the week as well as Sunday worship Until May 5th, serVeS of wofship t1 place on a Sunday moming in both DaiTsie Church and Cupar Sl John's. Thereafter there was one service in Sl John's. On the L3sl Sunday of the year, a joint service is held on allernale yeais m Cupar Old Pansh Church and St John's. Sn 2024 the SerVe was in held in Cupar Old Church. Additional worship $eNices are also offered during Hoty VlÈek and Christmas, as well as celebrating the Sacrament of Hoty Communion regularfy throughout the year. Funerals. and baptisms also took place throughout the year. On 5th May the Service of Ck)sure for Dair51e ChLtrch buikling took place It was well attended by the joint ongregalion and members of the communty. The church and hall had been pul on the maikel in April and the sale was CoMpted in July. ACHIEVEMENTS AND PERFORMANCE Wor5hl During 2024 the number of regular worshipper5 remained Wdty steady. This in¢luded a g¢)od mix in age range wrth a number of teenagers and young adults. In addition to Sunday Worship. a weekly midweek worship service was held on a Wednesday moming in the hall at St John's. This is a rn informal Ser¥e Whe wotship and felk)wsttip are intemingled. A monthty Reflective Service was hehj on the first ftesday of each ftnth. Further worship seNices were also held throughout the year, including the well*stablished ecumenical Holy Week Services, Gcth Fnday Cross Walk. and Easter Moming Dawn seThe from Tarvit Hill. The Worfd Day of Prayer in March was held in St John's Church. Addits"onal services were also hekl through Advenl and Christrnas including a Service lo Remember Loved Ones, and a carol service in Dairsie War Memonal Hall. The Walchnighl Service and Christmas Day Servi¢e were tth shared wrth Cupai Old, wrth Walchnight in Cupar Old and Christmas Day in St John's. The Sacrament of Holy Communson was celebrated 5 ts.mes during 2024. An online presence continued throughout the year, with a steady number of engagements each week on Facebook. Sunday Serv¢ces were streamed on YouTube with average vtews in the region of 50.
CUPAR ST JOHN'S & DAIRSIE UNITED PARISH CHURCH OF SCOTLAND TRUSTEES, REPORT YEAR END 31 DECEMBER 2024 Blble Stud A new initiative called Soup and a Scripture provided an informal Bible Study ovef lunchtime ofi a Friday once a month. Chlldrgn & Youn Peo le The Youth Fellowship Group, Step Out In Faith met for part of the year, bul the young people are now older than the target age group. and It has now slopped meeting The Cupar Churches Holid8y Club look place during the sch¢x)I summer holiday. One volunteer from Sl John's and Dairsie helped with the week of activities for Primary aged children al the Old Parish Centre in Cupar. The week culminated with a BBQ for the families and volunteers, al Si John's. Castl&hill Primary Sch1 held ils Christmas Assembty in Sl John's while Dairsie Primary School held an assembly al Easter in Dairsie Church. Social l Outreach l Mlsslon Actlvitl?$ Opportunities for fellowship continued lo be promled and encouraged, with refreshments seNed in the Hall after the Sunday morning servi¢es. St John s Guild closed due to a dwindling membership. Some of the members attend Cupar Old Guild. Warm Wedn8sday continued lo welcome people throughout the year, offering soup, toaslies and lea or coffee, as well as ¢ompany. Up lo 25 attended. from the community and congregation. Dairsie Friendship Circle continued lo meet in the War Memorial Hall following the closure of the church hall, and offered an opportunity for fellowship for those in the village. Dairsie was also host to a lea party in the spring. In Sl John's a coffee morning in October orglsed by members of the eongregalion and fn.ends was anolhef Opportunity for fellowship. The Drop-ln monthly meetings for lunch continued throughout 2024. fhese provide an opportunity for people caring for a family member with dementia lo meet with others in the same position and, when possible, lo bring that family member along loo. This group is open to anyone in the community. The Busy Hands group, for nkmber of the wngregation and ¢ommunity. Mel throughout the year f¢X knitting and to enable people to soeialise With the help of others in the congregation, boxes were made up pnd sent off as part of the 8lythswood Shoebox Appeal. Weekly T&a Dances continued in the hall. Though numbers attending are low, they are enjoyed. For the fourth year running, the Fellowship and Outreach Team decorated the Sanctuary al Sl John's and held an open weekend for the community during Advent. in 2024 enlilled Light of the World . Though not as well attended as previous years this still brought visitors into the chuich who are not involved in the congregation in any other way. The ch81kboard in the grounds of Sl John's continued to offer words of comfort and reflection to the community throughout the year Now a well-established focal point in the communty, it fomis an important area of outreach lo the community. One of the younger members. helped by other from the congregation, held a 'Clolhes for You, event, where donated clothes were rnade available lo anyone in need in the community. The day was busy, showing there is a need. The congregation. and community, gave generously to several retrial collections during 2024, including Jenga, Age Concern Cupai, Sunshine Kitchen, the Harvest Foodbank Appeal, and the Advent Shelter Scotland Collection During Christian Aid Week a weeklong Book and Jigsaw sale was held in Sl John's. raising £765, while in Dairsie members olthe congregation worked alongside others in the community lo run a plant sale. This raised £345.
CUPAR ST JOHN'S & DAIRSIE UNITED PARISH CHURCH OF SCOTLAND TRUSTEES, REPORT YEAR END 31 DECEMBER 2024 The church received Fairtrade Place of Workship accreditation in October 2024. A sale of Fairtrade goods was well supported by the congregation. Plannln for the Future A steering group comprising members of the four congregations in Cupar Cluster, met, with more meetings planned. The remit of the group is to plan the pr¢xess of working towards the Union of the congregation$ under Fife Presbytery Mission Plan. Separately, the Buikying Review Group is working to fomulale ideas and a vision for the Sl John's buildings lo make them fil for worship and mission in the fvture. FINANCIAL REVIEW The Financial Accounts for 2024 show that the total income for the year was £114,65712023 £132,815). The decline in income is mainly the result of there being no legacy receipts In 2024 (£20,501 In 20231. Donations through offering envelopes of £5,767 were higher than the previous year figure of £4,344. Other offerings and donations decreased overall by £9.540. In¢ome from premises hire also decreased in the year from £11.833 10 £9 381, while investment income rose slightly. Income from the Consolidated Fabric Fund ncrease(l from £22,419 10 £35,959. Exp8nditure for the year was £122,450. This was an increase of £15,794 on the previous year 12023 £110,324). The increase related mainly lo fabric repairs and heat and light, which were £23.583 12023- £19,101} and £11.73812023- £5,814) respectively. Removing the figures for reslricled fvnds. i.e. those that have been raised and spent on Specific items, the accounts show a deficit of £6,529 before gains on investments are taken into account. The deficit lating lo reslricled funds was £1.264. However, after gains on investments lotalling £13,657 the overall surplus was £5.86412023 - £33,897) INVESTMENT POLICY AND PERFORMANCE The Trustees may invest funds surplus lo immediate requirements in any investments, securits'es as may be considered prudeni. The congregation's investments are summarised in Note 7 of the financial stslemenls for the year ended 31 December 2024. ther the course of the year the market value of these investments has increased by 8.2% as compared with an increase of 7.3% ft)r the previou$ 12-monlh period. All investments are held by the Church of Scotland Investors Trijsl in three separate funds.. the Deposit Fund, the Gr¢)Wth Fund and the Income Fund. The market value of the Growth Fund investment$ increased in value by 9.40k while the market value of the Income Fund investments also increased over the ¢ourse of the year by 0.9%. Funds held by the General Trustees of the Church of Scotland. and not included in the accounts, are detailed in Appendix 1. These inelude funds of £179.436 being held on Deposit by the General Trustees from the sale of Dairsie Church. These may be invested in future. No change in the Trustees, investment policy is conlemplaled al this juncture. RISK MANAGEMENT During the year the trustees have undertaken a review of the risks associated with the day lo day running of the Church. This has included health & safety and financial risks. The risks that have been identified have been discussed within committee and al the Kirk Session and subsequently recorded in the risk register. noting the measures that are being taken lo managelmiligale the risk. The Trustee$ are aware that risk assessment is not a one-off exercise and a feview of Iheif Risk Register is carried out on an annyal basis.
CUPAR ST JOHN'S & DAIRSIE UNITED PARISH CHURCH OF SCOTLAND TRUSTEES, REPORT YEAR END 31 DECEMBER 2024 RESERVE POLICY In setting the reserves policy, the Twstees wish to ensure that the charity's core activities are able to ntInUe in the immediate luture and that reasonable lulure financial contingencies are covered. 11 is the Trustees. Folicy to hobd reserves, which do not include reslricled funds. which equate lo around ei9hteen months 8xpendilure. The balance of unrestricted funds al 31 December 2024 was £181.91412023 - £176,356). The charity held restricted funds of £35, 143 al 31 December 202412023 - £34,837). These are detailed in note 11. STRUCTURE, GOVERNANCE AND MANAGEMENT The congregatn is a registered charity. number SC015721, and is administered in accordance with the terms of the Deed of Constitution Iunitary forml and is subject lo the Acts and Regulats'ons of thè General Assembly of the Church of Scotland. Members of the Kirk Session are the charity Iruslees. The Kirk Session members are the elders of the Church and are chosen from those members of the church who are considered lo have the appropriate gifts and skills. The minister, who is a member of the Kirk Session. is elecled by the ¢ongregalion and 1ndled ty the Presbytery As the congregation operates under Unitary Conslitulion, there is no Congregational Board. the management of the congregation being carried out by a number of Teams. In the case of this congregation these are the Finance Team. the Propety Team, the Faith and Support Team. and the Felbwship and Outreach Team. Members of the teams are appointed from the Kirk Session and the congregation, who are invited lo nominate individL*als believed lo have the skills and commitment lo contribute to the management of the affairs of the church. The Teams meet al least 4 limes a year, make aeasions and bring these to the Kirk Session for approval. The Kirk Session, which meets 4 limes a year with additional meetings as deemed necessary, is responsible for spiribjal affairs within the church. REFERENCE AND ADMINISTRATIVE INFORMATION Charlty R•gl8tratlon NuMr SC 015721 Congregatlon Refernnce Number 261554 Conlact addrnss CloTreasuw, Sl. John's Church, Bonnygate, Cupar KY15 4BY Truste•• Klrk Sesslon The following have seNed as Trustees and Members of the Kirk Session from 1 January 2024 until the dale of approval of the accounts, unless otherwise staled'.-
CUPAR ST JOHN'S & DAIRSIE UNITED PARISH CHURCH OF SCOTLAND TRUSTEES. REPORT YEAR END 31 DECEMBER 2024 Prlnclpal offlc8-bearn Minister Session Clerk Minutes Secretary Church Treasurer Finance Convenof Prlnclp•l oifice Sl Johns Church 77 Bonnygate Cupar KY15 48Y Chanty No. SC015721 Independent Examlner &Co. 22 Crossgate. Cupar KY15 5HW Bankors Bank of Scotland, 1 Queen's Gardens. St Andrews, KY18 9TD
CUPAR ST JOHN'S & DAIRSIE UNITED PARISH CHURCH OF SCOTLAND TRUSTEES. REPORT YEAR END 31 DECEMBER 2024 TRUSTEES. RESPONSIBILMES IN RELATION TO THE FINANCIAL STATEMENTS The Charity Trustees are reswnsibk for preparing trustees. annual port and financial ststemertrls In accordance with appluble law United lQ'ngdom A¢counts"ng Standards (United Kingdom Generalty Accepted Accounting Practice). The law applicable to Charits Scotsnd requires chanty trustees lo prepare finanaal sts1aftnts for each year which show a true and fair vrew of the stale of affairs of the charity and of the incoming resources and application of resources of the chanty for that penod. In prepanng the financol slalemenls. tr* trusiees are required lo.. Select suitable accountsng p)leS and then appty cJ)nsistently' Observe the methoj and pnnciples in the appI1b charits SORP" Make judgements an¢J esbmale5 that are reasonable and pnjdent.. Stsie whelherapplicable accounting standards and statements of recommended pract have been followed, subied lo any departures discbsed and explained In the financial slatemenls", Prepare the financial statements on the going Concern basis unth il is inappropriate lo presume that the chanty will continue in operational existence. The trustees are spOnSible for keeping proper accounting records whica) disdose with reasonable accuracy al any lime the finanoal position of the charity and to enab them to ensure that the financial 5totements comply with the Chari15es and Trustee Investment Iscotlandl Acl 2005 and the Charities Accounts (Scollandl fegulatsons 20 las amended) They are also responsibpe for saleguardirYJ the assets of the Charty and hence for lakin9 reasonable steps the preVentll and deleth.on of fraud and other Irr•gulaiities. The trustees are respJnsible for the maintenance and integrity ofthe chanty and financial infomvts.on on the ¢ongregats"on's website. Legislab'on in the United Kingdom goveming the Pfeparatsjn and di558mknats.on of financBI statements may differ from legislabon in other jurisdictions. Approved by the Twslees on 3 June 2025 and sned on their behalf by". ession
CUPAR ST JOHN'S APID DAIRSIE UNITED PARISH CHURCH OF SCOTLAND INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CUPAR ST JOHN'S AMD DAIRSIE UNITED PARISH CHURCH OF SCOTLAND YEAR ENDEO 31 DECEMBER 2024 I ieport on the &cL)unts of the charity for the year endfrJ 31 December 2024 which are $81 out on pages g to 19. Respective T•sponsibllities of trustees and ex•min•r The chanty's trustees are responsible for the pparation of the a(wJnis in aLXOrd8n with the terms of the charib.es and Trustee Investsment (Sc£Jtland) Act 2C()5 and the chanb.es Accounts {ScollaThJl ReguLgtions 2006 las amended). The charty trustees conshler that the audrt requirement of Regula¢In 10{11 (al lo {cl of th& Accounts Regulab"ons does nol apply. It is my responsibllity lo examine the accoun15 as required under s8ciK)n 4411) Icl of the Act and lo stst8 whether partK¥Lqr matters have come io my 3ttÈntn. This report is made lo the tFusl&s. as a bLNty. in ao))rdance with the tems of my engagernent My work wa8 undertaken so that I might state to the tnjstees those rnatters l arn required lo slate ID them in an Independenl gxaminefs report and lor no other purpose. To the fullesi eent pemiitted by law, I do not actspl or assume responsibility to anyone other than the Chuich an¢J the truslees for my work or for this report. 8a•l¥ of Ind•p•nd•nt •xamln•¢$ $tstom•nt My examinabon is carrd out In accordance wilh RegUlan 11 of the Charities Accounts (Scollandl Regulations 2006 las amended). An examina1 IndLJes a rewew of the accounting records kept by the charity and a comparison ol Ihe acc<xJnts Pfesented wrth those records. 118lso indudes constrderation of any unusual il8ms or disclosures in the accounts, and seeks explanabons from the trustees concerning any such matters. The prOLu[es unijertaken do not p¥ovide all the evidenc that woukl be required In an auL1rt. anL1 consequenty I do not express a audit ODtnion on the vithv aiven by the accounts. Indeyndenl examln•rf$ $tstsm•nl In the coursa ol my 8xaminatKJn, no matter has o)me lo my attention.. which giv•s rne reasonable cause to bdie¥e that in any material respec* the requirements.. lo keep accountsng reCrdS in aca]rdan wilh Sect 44111 lal of tho 2005 Act and RegulalK)n 4 of the 2C(6 Accounts R8gulatvJns. a1 to ppare accounts whth accorf wbth the acuwntNvJ r8cords arvj comply with Regulatlon 8 of the 2006 Aecounts Regulats"ons have not been meL or lo which. In my opinion. attent shoubx bo dr&¥n in order to enable a propgr undorstarkling of the accounts to Edonbank House 22 Crossgate CUPAR File KY15 5HW Henoerson LiiacK & Lo Chartered Accountants 2025
CUPAR ST JOHN'S AND DAIRSIE UNITED PARISH CHURCH OF SCOTLAND STATEMENT OF FINANCIAL ACTIVITIES YEAR ENOED 31 DECEMBER 2024 Unrestrleted Restrlcted Funds Funds 2024 2024 Unrestrlcted Restrfct Funds Funds 2023 2023 Total 2024 Total 2023 Not•5 Income and endowments from: Donations Le9acies Charitable activities Other trading activities Investments Grants Other- from General Trustees. Consolidated Fabric Fund 62,560 62,560 70.677 20,501 1.250 11,833 3.903 70.677 20.501 1.534 9,381 4.632 233 1,767 9,381 4,740 250 596 11,833 3,984 1,555 108 250 81 1.555 35,9S9 114,066 35.959 22,419 22,419 13281S Totsl Incorno S91 114857 130.583 Expondlturn on: Raising funds Charitable activities 82 120,513 120 595 82 122,368 122,450 114 109.132 109.246 114 110,210 1,855 1.855 1,078 Total Expendlture 110.324 Net lexpondltur•lllncome before galns and losses on Inve5trn•nts (6,5291 11,284) 17,7931 21,337 1,154 22,491 Nel gain$ on inve$lmenls 9.980 Not Incom{eXPend1tur0 5,430 434 31.317 2.580 33.897 Transfers betsIn funds 128 (1281 3C6 Net movement In funds 580 Total funds brought foThvard 176,356 34,837 211,193 145,039 32.257 177,296 Total funds carrled fonNard 181914 35 143 217057 34837 211 193
CUPAR ST JOHN8 ANO DAIRSIE UNITED PARISH CHURCH OF SCOTLAND BALANCE SHEET AS AT 31 DECEMBER 2024 unTtrict•d R•strfctsd Funds Fund5 2024 2024 Unrestricted R?5trict•d Funds Funds 2023 2023 Total 2024 Totsl 2023 Not•s Flx•d As8&ts Tangible Fixed Assets Investments 5,140 158,122 5.140 180.844 2,329 146,163 2,329 167,187 22,722 21.024 Totsl Flx•d A8sats 163,262 22.722 185,984 148,492 21,024 169.516 Current Assets Debtors Cash al bank and in hand 2,922 19.9S5 2,922 32,386 3,441 27,906 3,441 41.719 12,421 13.813 Totsl Curr•nt Asjots 22,887 12,421 35,308 31,347 13.813 45,160 Llabilltl•$ Creditors due wthin one year Not Curr•nt Ass•ts 14,2351 18,652 14.235) 31,073 13,4831 27,864 13.4831 12.421 13,813 41,677 Total Net assets 181.914 35.143 217,057 176.356 34.837 211,193 Total charfty funds 11 181,914 35.143 217,057 176.356 34,837 211,193 The gecount$ were aprrfoved by the Iruslees on 3 June 2025. Far and on behaff ol the Iruslee5 Sessbon Cl rustee 10
CUPAR ST JOHN'S AND DAIRSIE UNITED PARISH CHURCH OF SCOTLAND NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1 Accountlng Pollcle8 The principal accounting policies. which have been applied consist8ntly in the current and preceding year in dealing wrth items which are considered malerial to the aCcots, a set out below. Basls ol preparatlon The financial slalemenls have been prepared in accordance with Accounting and Reporting by Charities. Slalement of Recommended Practice applicable to charits'es preparing their accounts in accordan with the Finanaal Reports'ng Standard applicable in the UK and Republic of Ireland (FRS1021 (effective 1 January 20191 (Charitses SORP (FRS 1021, the Financial Reporting Standard applicable in the UK and Repu1¢ of Ireland IFRS1021, the Charities and Tluslee Investment (Scotiandl Act 2005 and the Charities Accounts {Scotland) Regulations 2006 (as amended). Cupar St John's and Dairsie United Parish Church of Scoliand consts'tutes 8 public benefit entity as defined by FRS 102. The financial statements are prepared in sterfing, which is the functsonal currency of Ihe ents'ty and the amounts ported are rounded lo the nearest £. The trustees consider that there are no material uncertainties vknich would lead them to question the charity's ability to continue as a going concem. Fund$ Funds ar8 classified as either restn'cted funds or unrestricted funds, defined as follows.. Restricted funds are funds $ubjecl to specific requirements as lo their use wthich mpy be declared by the donor or with their authority or created through legal processes, but still ¥thin the wider objects of the charity. Unrestricted funds are expendable at the discretion of the trustees in furtherance ol the objeds of the charity. If parts of the unrestricted funds are earmarked at the discretion of the trustees for particular purpose. they are designated as a separate fund. This designation has an adminislrali¥e purpose only and does not legally restrict the trustees. discrets'on to apply the fund. Income All donations and gifts are included within income under either unrestricted or r•stTiCt8d funds according to the lems under which the donatr'on is made and when the amount can be quantified with reasonable certainty. Donations and grfts in kind a brought into the accounts ot their market value lo the chanty. Grant income is recognised vthen receivable. Whe trfe is suffioenl evidence of entillemenl to it, the amount due can be reliably measufed and receipt is certain. Expendlture Expendrture is recognised on an accruals basis as the liatm.lity is incurred.
CUPAR ST JOHN'S AND DAIRSIE UNITED PARISH CHURCH OF SCOTLAND NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2024 1 Accountlng Poll¢les Icontlnuedl Donated •eThl¢es and la¢llltles Donated professional services and donated facilities are recognised as income when the charity has control over the rtem, any condibons associated wlh the donated item have been mel. the ceipt of economic benefft from Ihe use by the chanty of the item is probable and that economic benefit can be measured reliably. In accordance wrth the Chantses SORP IFRS102) the general volunleeT time of congregation members is not recognised. On receipt, donated professional ser¥ices and donated facilities are recognised on the basis of the value of the gift lo the charity which is the amount the charity would have been willing to pay to obtain setvices or facilities of equivalent economic benefft on the open market, a corresponding arnount is then recognised as expendrture in the period of receipl. Interest re¢elvable Interesl on funds held on deposit is included when rèceivable and the amount can be measured reliably by the church., this is normally upon nolificalion of the interest paid Of payable by the bank. Tanglble Ilxed assets The charity has the right to occupy and use lor its charitable objects certain tangible fixed assets, including the Churches. halls and manse. Vesled in the Church of Scottand General Trustees. No consideration is payable for the use of these assets. Fabric expenditure incurred on the repair and maintenance of these assets is charged as expenditure in the stalement of financial activities in the period in which the liability arises. All tangible fixed assels costing in excess of £1.000, havlng a value lo the charity greater than one year, are capilalised. Depreciation Is provided on a slraight line basis lo wnte off the cost or initial value, less residual value, of tangible fixed assets as follows.. Furniture and olher equipment (excluding ¢omputer equipment) Computer equipment 10 years 4 years Investments The charity only has basic financial instruments. Investments are a fomi of basic financial instrument and are initially recognised at their transaction value and subsequently measured al their fair value as al the balance sheet date using the closing market value. The statement of financial activities includes the nel gains and and losses arising on revaluation and disposals Taxatlon Cupar St John's and Dairsie United Church of Scolland is fecognised as a chanty for the purposes of applicable taxation legislation and is therefo not subject to taxatson on its charitable aclivilies. The charity is not lStered for VAT and expendrture therefore includes irrecoverable input VAT. VAT refunds re1Ve under Ihe Listed Places of Worship Grant Scheme are netted of against the expenditure lo vthich they relate. 12
CUPAR ST JOHN'S AND DAIRSIE UNITED PARISH CHURCH OF SCOTLAND NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1 Accountlng Pollcles (conllnuedl 1.1 Union of Dalrsle and Cupar: St John's The linked congregab.ons of Dairsie and Cupar. St John's were united on 1 January 2009. The Scottish Chanty Registratson number SC015721 of the united congregation is the number previously held by Dairsie congregakn'on. The Chanty Registration number of Cupar.. St John's SC031896 was discontinued. 1.2 Judgements and key sources of estlmation uncertainty In the application of the chanty's accounting policies Ihe Trustees are reqUId to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The esb'mates and assoaated assumpb.ons are based on historical experience and other factors that are conSided to be relevanl. Actual $VIts may differ from these ests'mates. In preparing these financial statements the trustees have made the following Accruals Truslees estimate the Tequirement for accruals using post year end infomialion. This identifies costs which are expected to be incurred for ServIS provided by other partt'es. Aruar$ are only released where there is a reasonable exFectats'on that these costs wll not invoiced in future. The estimates and underfwng assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in vthich the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and fijture p8riods. 13
CUPAR ST JOHN'S AND DAIRSIE UNITED PARISH CHURCH OF SCOTLAND NOTES FORMING PART OF THE FINANCIAL STATEAIENTS FOR THE YEAR ENDED 31 OECEMBER 2024 Unmtrict¢d RtrICt Funds Funds 2024 2024 Unr••trlct•d ReBtricted Funds Fund8 2023 2023 Totsl 2024 Total 2023 2 Inc¢xn• Donation¥ and Lgg•c59* Offering envelopes Gift Aid donalions Ordinary offen.ngs lopen platel Tax recoverwl ort Gift Aid donaln$ Other offerings and donations Legaaes 5,767 38,572 5.659 10,373 2.189 5.767 38.572 5,659 10.373 2.189 45.358 4.862 11.349 4,764 20.501 45,358 4,862 11.349 4.764 20.501 62.560 91,178 91,178 Incom• frorn eharltsbl• actSvttl Woddin9s and funèrals Chantable and lund raising e¥ts Guilds 350 1.184 350 1,184 233 240 1.010 240 1,010 233 233 1.767 1,250 596 Income from other dIng activtti Use ol Prenwses 9.381 9.381 11.833 11.B33 9.381 9,381 11,833 11.833 In¥trnnt Incorne Bank and deposit in¢erest Investment income 164 272 81 928 3.056 3,056 4.740 81 Grants Wami Spac• Grant 250 250 1.555 1,555 1.555 1.555 29) 250 Oth•r Incom• From Consdidated F8bnc Fund IAW 1) 35.959 35,959 22.419 22,419 35.959 35.959 22,419 22,419 Total Income 114. 114. 14
CUPAR ST JOHN'S AND DAIRSIE UNITEO PARISH CHURCH OF SCOTLANO NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 310ECEMBER 2024 Unrnstrlct•d R•strlct•d Fund¥ Fund¥ 2024 2024 Unmtrl¢tsd R•$trSct Funds Funds 2023 2023 Totsl 2024 Total 2023 3 Anal1 of Exp•ndltur• Rl*lng Fund¥ Offering envelop88 82 82 114 82 82 114 114 ClrIbI• Actbvlll Giving to Grow, not• 12 Pr•$byttry dues Ministerfs travel Ministerfs phon• & oth•r Pulpit supply Sal8ri&s Fabric repaifs & maint•na Organ mainlenanc• & purtha Pmmises hir• H•al and light Insurance Manse counctl tax Prlnt. stationèry ond poilage Athi•rti$in9 and publiaty Prole$¥ional fees 8ookkeeping Donation8 Equipment d•w•¢lo1ion Guil¢J$ Olh•r expenditure Indvpendent examinatn l•• 52.423 52,423 52.994 3,143 52.994 3,143 778 778 250 250 7.912 23,583 7.912 23,583 19,101 295 19.101 295 11,738 5,715 11.738 5,715 3.605 219 5,719 5.912 3.508 267 125 5,912 3,508 267 348 1S0 2.379 305 1,275 805 2,437 1,914 219 150 2,379 2,379 2,379 1.472 1.472 451 4.863 2.148 1.275 451 805 3.259 2.148 2.289 1,914 120.513 1.855 122.368 109.132 1.078 110210 Totsl Support costs have not be sep8r8tety i¢J•nttfth as th• tNslw8 consid•f ih•r• 1$ onfy on• ¢hgrrlaN• •¢tlvty. Th8f•fof• Sup ¢osis relate t•hMty to that acbwty. 15
CUPAR ST JOHN'S AND DRSlE UNITEO PARISH CHURCH OF SCOTLAND NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 4 Staff costs and numborn 2024 2023 Salaries and wages Sooal security costs Total 7.912 No •mployeo receNe(I f¢MUrMt in eyc4M ol £fil.CKN) and noMI a(• c¢n*der•d lo be key man8gement personnel. Th• ¥verage number ol ¢mploy••$ during thtr yew. Cak>JIat on Ihe basis of a •d ¢ounl. was as fo11tr4VS.' 20 2023 Organist Church Offic• Cleaning All Church ol Scotland congr•g8tion$ conlnbute lo Ihe Nalional Stswnd Fund whth bears the c061s ol all minislers. stipends and employerfs conlribuhons for national in$uronce. penwon and housing and loan fund Ministers, 8tip•nd$ ar• paid in accordance with th• national stipend Kale, is felatad to y•ars gf Sorvice For the year under review Ihe minimum $tip•nd E31.642 and t mMM $bp•nd lin thts fifth and 6ub8equenl y8ar81 £38,884. 5 Tru•t•• •xp•n•ffi. rwnun•r•tlon and rnl•t•d p•rty ty•nHctlon• During the y•ar expens•s of £5.344 ¥vere paid lo one Iruslee lor tr8v•I. p)unol l•x. t•l•phone •TrJ other expenms 12023 £5,335 paid lo one tfusleel. No trustoe 018 p•rson r•l#ted to a tru•too had any p•rw•l inl•r•8t in any ctract or transactton 8nlered into by th• ¢harttv durinA the year. Ouring the y•ar a total of £12,31812023 £15.6431 was Ilonated to lh• ch•rty by tru81••1. T•nglbl• flx•d ••••ts Fumliur• Fumliurn •nd oth•r and oth•r •qulpm•nt •qulpm•nt 2024 2023 Co•t At 1 January 2024 Additions Al 31 Oec•mber 2024 11,961 4.283 16.244 Accumul• d•prnciatbon At 1 January 2024 Ch8r9e for year At 31 December 2024 9.632 1.472 11.104 8.357 1.275 9.632 N•t book ¥4u• Al 31 Decernber 2024 At 31 December 2023 2.329 16
CUPAR STJOHN'S AND OAIRSIE UNITED PARISH CHURCH OF SCOTLANO NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 7 Inve8tment• 2024 2023 Market value at 310ecembtsr 2023 Unrealised Ilossl I gain on tnvestmenls Market value at 31 Dembl 2024 167,187 13.657 155.781 11.406 Invt$lments al cost 95,783 95,763 The followng investments are h•ld wlh the Chur¢t* ol slIand Invts$tor8 TTU$I'. Grthh Fund- 24.419 uni16 Income Fund . 2,265 units O•btorn 2024 2023 Gift Aid Coun¢S1 la¥ In advaftce Other debtors 2.329 543 50 2.907 534 9 Cr•dltor•'. amounts l•lllng du• wlthln on• y••r 2024 2023 Ind•pond¢nt •x•minalion fe• H•al and light Other credilor8 1.590 2,OC 839 1.440 800 1,243 10 Volunt••r• In common vAth all conyreg81ions of the Church ol S¢o118nd the congregalion bentsfi15 from the contrfbutlon m8de by volunleers %tho give their lime and lal•nl$ llInglY lor the b•n8fit of the Chur¢h The arta$ of ¢ongregalionBI life whi¢h rely on the contrfbution ol volunlwl are rnany 8nd v8ri•d and much of the activity would be unoble tt) continue were11 not for the commitment shown. 17
CUPAR ST JOHN'S AND OAIRSIE UNITED PARISH CHURCH OF SCOTLAND NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2024 11 Movements In Funds Galnl Ilos•l on At31 Invest- D•c•mber ments 2024 January 2024 Expond- ituro Incom• Trnn8f•rn Unr•8trfct•d fund• Gener81 Fund Organ Fund Development Fund 171,802 3.916 838 114,C66 1120,595} 128 11,959 177,180 3,916 838 176,356 114,086 120.595 128 11,959 181,914 R••trlct•d fund• Benevolénl Fund Skinner & Duncan Trust Fund Sunday School Fund St John's Guild Fund lor the funds of the Guild Wami Space Grant 17.258 533 23 15,741 60 28 20 233 1,112 18,430 561 43 18,109 14511 1.282 250 11.4041 11281 128 34.837 591 1,898 35,143 Totsl fund• Mov•m•nts In Fund• Galnl 110•81 on At31 Inv••t- D•e•mb•r m•nt• 2023 January 2023 Expend- Iturn In¢om• Trnn•l•rn Unr••trtct•d fund• General Fund Or98n Fund Dw•lopmenl Fund 140.285 3.916 838 130.583 1109,2461 9,980 171.802 3.916 838 145,039 130,583 109.248 9.980 178,358 R••trlct•d lund• Ben•vol¥nl Fund Skinner & 0Can Twst Fund Sunday School Fund Sl John's Guld Ftsnd - lor the fvndj of the Guild Wami spo Granl 16,340 514 10 15,393 49 19 13 17.258 533 23 15,741 18051 557 1.555 12731 1,078 1.282 32.257 2,232 1,426 Total lund• The General Fund is for Ihe general purposes ol the church. Thel 11 ve been Organ Fund - the trustees have set 8sid8 funds lor the upkeep of the organ and the purch88e of music. Dgvelopment Fund - set aside for the general development of youih proj8¢ts. fRe Fun Benevolent Fund - Ihe lund was or4gin8lly sel up for th• bonefil of the Poor in Dairsie Parfsh and is Available for disbursement al the di$¢re149n of ihe Trustees. Skinner and Ouncan Trust- these funds are held for educational purposgs and inl¥re81 is being reinvested pending Ihe idents"fic8tion ol an appropriate us& Sunday Schwl Fund- for Sunday School aclivpti8s. The Guild fu15 are for the Guilds of the church. Wam Space Grant- Fife Council grant lo support upgrade of kitchen facilitses and provide food for'W8rm Wedno8d8y$'. 18
CUPAR ST JOPIN'S AND DAIRSIE UNITED PARISH CHURCH OF SCOTLAND NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 12 Glvlng to Grow Alloeatlon 2024 2023 Tot818llocation Less Transitional funding Less Endowmenl incorne Less Income from gth lent Amount pad, per nole 3 57.586 11.417) 11.9261 11.8001 54.941 {1.94n 13 COll•Ctio for thlrd 2024 2023 Sheller A9è Concèm Foodbank Dairsie School and War MÈmon"al Christian Aid MaS M6als Jenga World Day of Prayer Sunshine Club Clothesline Proied 79 250 459 105 230 220 215 2(Kl 155 282 19
APPENDIX 1 CUPAR ST JOHN'S AND DAIRSIE UNITED PARISH CHURCH OF SCOTLAND YEAR ENDED 31 DECEMBER 2024 MEMORANDUM TO THE FOREGOING ACCOUNTS Funds held by The General Trust•es of the Church of Scotland. whlch are not In¢ludod In tho foregoing accounts. CONSOLIDATED FABRIC FUND 2024 2023 Capttal Cost of Growth Fund un Cost of Income Fund units 83.264 28,322 111.586 284.792 284.460 569.252 284,792 284,460 569,252 Deposit Fund 1.130 1,130 Transfer from Temporary Funds 179,436 Balance al 31 December 2024 749.818 570,382 Market value al 31 December 2024 1.025,032 796,968 Temporary Funds Sale of Da*sie church - proceeds Sale costs Levy transfer lo CFF Transfer to Caprtal Fund Balance at 31 December 2024 205.000 15,6681 119.9371 {179.4361 41 Revenue Balance al 1 January 2024 63,579 60,942 Add income.. Inleresl income DivideThJ income Rental Income 3.830 29.138 2,304 24.199 32,968 26.503 Less expenditu". Property costs Transfer lo congregabon Administration costs 35,959 2.160 22.419 1,447 138.1191 123,866) Balance al 31 December 2024 58.428 63,S79