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 financ￿1 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 Financ￿1 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 ecUmen￿al 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, serV￿eS 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 SerV￿e 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 CoMp￿ted 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 ft￿nth. 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 seTh￿e 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 t￿th 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 Sch￿1 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 org￿lsed 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 congregat￿n 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 1ndl￿ed 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 NuM￿r 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 Charit￿s ￿ Scotsnd requires chanty trustees lo prepare finanaal sts1aft￿nts 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)l￿eS and then appty cJ)nsistently' Observe the methoj and pnnciples in the appI￿1b￿ charit￿s 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 preVent￿ll 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 s￿ned 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 $81 out on pages g to 19. Respective T•sponsibllities of trustees and ex•min•r The chanty's trustees are responsible for the p￿paration of the a(wJnis in aLXOrd8n￿ with the terms of the charib.es and Trustee Investsment (Sc£Jtland) Act 2C()5 and the chanb.es Accounts {ScollaThJl ReguLgtions 2006 las amended). The charty trustees conshler that the audrt requirement of Regula¢￿In 10{11 (al lo {cl of th& Accounts Regulab"ons does nol apply. It is my responsibllity lo examine the accoun15 as required under s8ciK)n 4411) Icl of the Act and lo stst8 whether partK¥Lqr matters have come io my 3ttÈnt￿n. This report is made lo the tFusl&s. as a bLNty. in ao))rdance with the tems of my engagernent My work wa8 undertaken so that I might state to the tnjstees those rnatters l arn required lo slate ID them in an Independenl gxaminefs report and lor no other purpose. To the fullesi e￿ent pemiitted by law, I do not actspl or assume responsibility to anyone other than the Chuich an¢J the truslees for my work or for this report. 8a•l¥ of Ind•p•nd•nt •xamln•¢$ $tstom•nt My examinabon is carr￿d out In accordance wilh RegUla￿n 11 of the Charities Accounts (Scollandl Regulations 2006 las amended). An examina￿1￿ IndL*Jes a rewew of the accounting records kept by the charity and a comparison ol Ihe accJIat￿ on Ihe basis of a ￿•d ¢ounl. was as fo11tr4VS.' 20 2023 Organist Church Offic• Cleaning All Church ol Scotland congr•g8tion$ 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￿ m￿M￿M $bp•nd lin thts fifth and 6ub8equenl y8ar81 £38,884. 5 Tru•t•• •xp•n•ffi. rwnun•r•tlon and rnl•t•d p•rty ty•nHctlon• During the y•ar expens•s of £5.344 ¥vere paid lo one Iruslee lor tr8v•I. p)unol l•x. t•l•phone •TrJ other expenms 12023 £5,335 paid lo one tfusleel. No trustoe 018 p•rson r•l#ted to a tru•too had any p•rw•l inl•r•8t in any c￿tract or transactton 8nlered into by th• ¢harttv durinA the year. Ouring the y•ar a total of £12,31812023 £15.6431 was Ilonated to lh• ch•rty by tru81••1. T•nglbl• flx•d ••••ts Fumliur• Fumliurn •nd oth•r and oth•r •qulpm•nt •qulpm•nt 2024 2023 Co•t At 1 January 2024 Additions Al 31 Oec•mber 2024 11,961 4.283 16.244 Accumul•￿ d•prnciatbon At 1 January 2024 Ch8r9e for year At 31 December 2024 9.632 1.472 11.104 8.357 1.275 9.632 N•t book ¥4u• Al 31 Decernber 2024 At 31 December 2023 2.329 16 CUPAR STJOHN'S AND OAIRSIE UNITED PARISH CHURCH OF SCOTLANO NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 7 Inve8tment• 2024 2023 Market value at 310ecembtsr 2023 Unrealised Ilossl I gain on tnvestmenls Market value at 31 D￿emb￿l 2024 167,187 13.657 155.781 11.406 Invt$lments al cost 95,783 95,763 The followng investments are h•ld wlh the Chur¢t* ol s￿lIand Invts$tor8 TTU$I'. Grth￿h 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 & 0￿Can 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$¢re149n of ihe Trustees. Skinner and Ouncan Trust- these funds are held for educational purposgs and inl¥re81 is being reinvested pending Ihe idents"fic8tion ol an appropriate us& Sunday Schwl Fund- for Sunday School aclivpti8s. The Guild fu￿15 are for the Guilds of the church. Wam Space Grant- Fife Council grant lo support upgrade of kitchen facilitses and provide food for'W8rm Wedno8d8y$'. 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 Ma￿S 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