CUPAR ST. JOHN'S & DAIRSIE UNITED PARISH CHURCH OF SCOTI.AND Trustees Annual Report and Congregational Accounts For Year ended 31 December 2025 Congregation No: 261554 Scottish charity No: SC 015721 CUPAR ST JOHN'SAND DAIRSIE UNITED PARISH CHURCH OF SCOTLAND TRUSTEE'S REPORT YEAR END 31 DECEMBER 2025 The Trustees present their annual report and financial slalements of the charity for the year ended 31 st Decembei 2025. The financial stslements have been prepared in accordance with the a¢counling policies sel out in note 1 of the accounts and comply with the General Assembly Regulations for Congregational Finance, the Charities and Trustee Investment Iscollandl A¢t 2005, the Charitses Accounts (Scollandl Regulations 2006 las amended) and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland effective from January 2019. OBJECTIVES AND ACTIVITIES The Church of Scotland is Trinrtanan in doctrine. Reformed in tradition and Presbyterian in polity. It exists lo glorify God and lo work for the advancement of Christ's Kingdom throughout the wodd. As a national Church, it acknowledges a distincb've call and duty lo bring the ordinances of rel￿10n to the people in every Parish of Scotland through a territorial ministy. It co-operates with other Churches in v8riou$ ecumenical bodies in Scotland and beyond. There is one service of worship every Sunday morning in St John's. Additional services are offered weekly on Wednesday mornings in Sl John's H811 and monthly on Vvednesday evenings in the Sanctuary of St John'5. Communion is celebrated regularly and fune￿1$ lake place throughout the year. SeNices tske pla¢e in Residential Care and Nursing Homes on a monthly basis led by the different local churches. Baptisms. Blessings and weddings are offered. Fellowship and support are offered through various regular activities. ACHIEVEMENTS AND PERFORMANCE Worshl During the year, the number of worshippers attending the seNices on Sundays and Wednesdays remained steady. On Sundays, there are a range of ages, including teenagers and young adults attending regularly, though seldom younger children. Sunday Worship services. as well as the Christingle Servi¢e and Walchnight Service on Christmas Eve, were SI￿arned live, with around 40 50 views. The Wednesday moming worship service is infomial, the Wednesday Reflective services offer a chance lo explore different styles of worship, and people from the congregation often participate in worship and sometimes lead, both on Wednesday mornings and evenings. These services attract people who are not part of the Sunday morning congregalDn. The five congregations in the town hold ecumenical setvices every night of Holy Week. In 2026, Cupar Old hosted. There was also a Good Friday Vvalk with the Cross, and a 'dawn' service on Tarvit Hill. During Advent, the Reflective Service was a Remembering Service. There was a Carol Service in Dairsie Memorial Hall Ilhough few people attended). The Christingle seNice in St John's was attended by many families. An ecumenical Walk lo the Manger look place to coincide with the Farmer's Market in Cupar and was also popular. The Sacrament of Holy Communion was Celebrated 5 tsmes on Sunday mornings and once al a Wednesday Reflective Service. Chlldren and Youn Peo le There are no activities organised by the congregation specifically for young people. However, members of the congregation were part of the ecumenical team which organised and ran the Cupar Churches, Children's Holiday Club during the summer. Around 50 children attended in the Old Parish Centre for a week of activities. The barbecue at the end of the club was hosted at st John's Castlehill Primary School held their Christmas Assembly in St John's. CUPAR ST JOHN'SAND DAIRSIE UNITED PARISH CHURCH OF SCOTLAND TRUSTEE'S REPORT YEAR END 31 DECEMBER 2025 Thè Trustees present their annual ￿port and financial slalements of the charty for the year ended 31 sl December 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 ofthe accounts and comply with the General Assembly Regulations for Congregational Finance, the Charities and Trustee Investment (Scollandl Act 2005, the Charities Accounts (Scotlandl Regulations 200618S amended) 8nd Accounts'ng and Reporting by Charilies_' Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland effective from January 2019. OBJECTIVES AND ACTIVITIES The Church of Scotland is Trinilarian in doctrine, Reformed in tradition and Presbyterian in polity. 11 exists to 9lorify God and lo work for the advancement of Christ's lQ"ngdom throughout the world. As a national Church, it acknowledges a distr'nclive call and duty to bring the ordinances of religion to the people in every Parish of Scolland through a territorial ministry. It co-operates with other Churches in various ecumenical bodies in Scotland and beyond. There is one service of worship every Sunday morning in Sl John's. Additional services are offered weekly on Wednesday mornings in St John's Hall and monthly on Wednesday evenings in the Sanctuary of Sl John's. Communion is celebrated regularly and funerals take place throughout the year. Services take place in Residential Care and Nursing Homes on a monthly basis led by the different local churches. Baptisms. Blessings and weddings are offered. Fellowship and support are offe￿d through various regular activities. ACHIEVEMENTS AND PERFORMANCE Worshl During the year, the number of worshippers attending the services on SLtndays and Wednesdays remained steady. On Sundays. there are a range of ages, including teenagers and young adults attending regulady, though seldom younger children. Sunday Worship services, as well as the Christingk Service and Watchnight Service on Christm85 Eve, were streamed live, with around 40 - 50 views. The Wednesday moming worship service is informal, the Wednesday Reflective services offer a chance lo explore different styles of worship, and people from the congregation often parb'cipate in worship and sometimes lead, both on Wednesday mornings and evenings. These services attract people who are not part of the Sunday mming congregation. The five congregations in the town hold ecumenical setvices every night of Holy Week. In 2026, Cupar Old hosted. There was also a Good Friday Walk with the Cross. and a 'dawn' service on Tarvit Hill. During Advent, the Reflective Service was a Remembering SerV￿e. There was a Carol SeNice in Dairsie Memorial Hall {though few people attended). The Chrislingle service in St John's was attended by many families. An ecumenical Walk to the Manger took place lo coincide with the Farmer's Market in Cupar and was also popular. The Sacrament of Holy Communion was celebrated 5 li￿$ on Sunday momings and once at a Wednesday Reflective Service. Chlldren and Youn Peo le There are no activities organised by the congregation specrfically for young people. However. members of the congregation were part of the ecumenical team which organised and ran the Cupar Churches, Children's Holiday Club during the summer. Around 50 children attended in the Old Parish Centre for a week of activities. The barbe¢ue at the end of the club was hosted at st John's Castlehill Primary School held their Christmas Assembly in St John's. CUPAR STJOHN'SAND DAIRSIE UNITED PARISH CHURCH OF SCOTLAND TRUSTEE'S REPORT YEAR END 31 DECEMBER 2025 Socialloutreachlmlsslon Actlvltle8 Refreshments are served after worship services on Sundays and Wednesday evenings allowing time for fellowship. A good proportion of worshippers attend, and a large team of volunteers serve. Members of the St John's and Dairsie congregation are involved with the Cupar Guild which meets al Cupar Old. Warm Welcome Wednesday's welcome people from the congregation and wider community and provide simple hol food and company. A representative of the local Credit Union attended one day, and also a Fife Council Community Learning worker. In Dairsie, the monthly Friendship Circle provides fellowship opportunities for local people in the Memorial Hall The Busy Hands group met every week in the chU￿h hall. The ladies knitted for the Blylhswood Shoebox Appeal and enjoyed each other's company. The weekly Tea Dances provided another opportunity for social connection. As well as those church-njn groups and aclivilies, the church 5UPPOrts other voluntary organisations by allowing them to use the Hall or Session Room free of charge for their aclivilies. In 2025 these include the Drop in for Carers., Fife Young Carers,. a group supporting vulnerable adults lo live independently in the community and Link Befrienders. Members of the congregation are involved with running some of these groups. Several Charib'es were supported by retiring collections and in other ways- Christian Aid, Jenga, Cupar Foodbank and Crossreach. A book and jigsaw sale was held for Christian Aid in May. St John's and Dair5￿ became a Fairtrade Congregation again in 2024. This was promoted throughout the year, but especially with a Fairtrade Stall before Christmas and a Fairtrade Christmas tree. The chalkboard in the grounds is updated weekly with thoughtful messages and refle¢lions, and the benches are used by the community. Plannin for tho Future Rev Gavin Black retires on 30th June 2026. The Fife Presbytery MiSs￿n Plan as it applies locally was amended in September. Ceres Kemback Springfield is no longer part of the Cupar Cluster, and the union which is lo be created will now comprise three congregations Cupar Old, Monimail and St John's and Dairsie. The other change lo the Mission Plan was the recalegorisation of Sl John's Church and Hall as 'B - to be disposed of by December 2027.. A local review of all the buildings still retained by the Cupar Cluster congregations has begun and will identify which of the buildings will become the worship centre for the new congregation, or il a new church building will be built. The Cluster Steering group has met regularfy during the year and there have been joint elders, meetings. This planning for the union will continue through the year ahead. FINANCIAL REVIEW The Financial Accounts for 2025 show that the total income for the year was £123.38912023 - £114,657). The increase in income is mainly the result of an increase in funds from the Consolidated Fabric Fund. £55,891 in 20251£35,959 in 20241. Donation5 through offering envelopes of £5,536 were lower than the previous year figure of £5,767. Other offerings and donations decreased over811 by £260. Income from premises hire also decreased in the year from £9,381 to £8.295, Investment income rose slightly. CUPAR STJOHN'SAND DAIRSIE UNITED PARISH CHURCH OF SCOTLAND TRUSTEE'S REPORT YEAR END 31 DECEMBER 2025 Expendrture for the year was £130,019. This was an increase of £7.569 on the previous year12024 - £122,450). The increase related mainly lo fabric repairs and giving to grow conlributlons, which We￿ £28,198 12024- £23,583) and £58,26512024- £52,423) respecbvely. Removing the figures for restricted funds. i.e. those that have been raised and spent on specific items, the account$ show a deficit of £6,676 before gains on investments are taken into account. The figure relating to restricted funds shows surplus of£46. However, after gains on investments tolalling £12,957 the overall surplus was £6,32712024 - £5,864). INVESTMENT POLICY AND PERFORMANCE The Trustees may invest funds surplus lo immediate requirements in any investment securities as may be considered prudent. The congregation's investments a￿ summarised in Note 7 of the financi81 statements for the year ended 31 December 2025. Over the course of the year the market value of these investments has increased by 7.20/0 as ￿rnpared with an increase of 8.20/D for the previous 12-monlh period. All investments are held by the Church of Scotland Investors Trust in three separate funds.. the Deposit Fund, the Growth Fund and the Ineome Fund. The market value of the Growth Fund investments increased in value by 7.8.10 while the market value of the Income Fund investments also increased over the course of the year by 3%. Funds held by the General Trustees of the Church of Scotland, and not included in the accoun15, are detailed in Appendix 1. No change in the Trustees, investrnent policy is contemplated al this jur¢clure. RISK MANAGEMENT During the year the Iiustees have undertaken a review of the risks associated with the day to day njnning 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 managelmiligate the risk. The Trustees are aware that risk assessment is not a one-off exercise and a review of their Risk Register is carried out on an annual b8SIS. RESERVE POLICY In setting the reserves policy. the Trustees wish to ensure that the charity's core activities are able lo continue in the immediate future and that reasonable future financial contingencies are covered. It is the Trustees, policy to hold reserves, which do not include restricted funds, which equate lo around eighteen months expenditure. The balance of unreslricled funds at 31 December 2025 was £186,90412024 - £181,914). The charity held restricted fvnds of £36,480 al 31 December 202512024 - £35,143}. These are detailed in note 11. STRUCTURE, GOVERNANCE AND MANAGEMENT The congregation Is a registered charity, number SC015721, and is administered in accordance with the terms of the Deed of Constitution (Unitary forml and is subject to the Acts and Regulations of the General Assembly of the Church of Scofjand. Members of the Kirk Session are the charity trustees. The Kirk Session members are the elders of the Church and are chosen from those members of the church who are considered to have the appropriate gifts and skills. The minister, who is a member of the Kirk Session, is elected by the congregation and inducted by the Presbytery CUPAR STJOHN'S AND DAIRSIE UNITED PARISH CHURCH OF SCOTLAND TRUSTEE'S REPORT YEAR END 31 DECEMBER 2025 As the congregation operates under Unrtary Con$b'lulion, there 15 no Congregational Board, the management of the congregation being carried out by a number of Teams. In the case of this congregation these are the Finance Team, the Propety Team, the Faith and Support Team. and the Fellowship and Outreach Team. Members of the teams are appointed from the Kirk Session and the congregation, who are invited to nominate individuals believed lo have the skills and commitment to contribute lo the management of the affairs of the church. The Teams meet at least 4 limes a year. make decisions and bring these lo the Kirk Session for approval. The Kirk Session, which meet$ 4 limes a year with additional meetings as deemed necessary, 1$ ￿sponsible for spiritual affairs within the church. REFERENCE AND ADMINISTRATIVE INFORMATION Charity Registration Number SC 015721 Congrogation Reforence Number 261554 Contsct addross CloTreasurer. St. John's Church, Bonnygate, Cupar KY15 48Y Trustges Kirk Se$$ion The following have served as Tnjstees and Members of the ￿'rk Session from 1 January 2025 until the date of approval of the a￿OUnt$, unless otherwise slated.. Eldgrs.. Mrs M Black. Mrs P Craig, Miss M Dymock, MrsA Famier. Mr R Farmer, Mrs O Fraser, Mr N Fraser, Mrs W Ferguson, Miss R Ferguson, Mrs R Gettinby, Mrs A Gillespie, Mrs D Graham, Mr M Hammond. MrsA Kennedy, MrA Kennedy, Miss M Kennedy, Mrs H Lang, Mrs G Lennon lunb'l September 20251, Mrs E Lyden. Dr K Mccall, Mrs V MacKay, Mr C Mackenzie. Mr J McPherson (until July 29th20251, Mrs l Morrison, Mr M Orr, MrsA Peebles, MrsA Richmond. Mr C Stockton. Mr D Thomson, Mr D Watson. Piln¢lpal offl¢e-bearers Minister Rev. Gavin W Black Ses$ion Clerk Miss R Ferguson Minutes Secretary Miss R Ferguson Church Treasurer Mrs J. E. Roberts Finance Convenor Mr C. Stockton CUPAR ST JOHN'S AND DAIRSIE UNrrED PARISH CHURCH OF SCOTLAND TRUSTEE'S REPORT YEAR END 31 DECEMBER 2025 Prlnclpal Office St Johns Church 77 Bonnygate Cupar KY15 4BY Charity No. SC015721 Independent Examiner Mr. Matthew Struthers 8A CA, Henderson Black &Co, 22 Crossgate, Cupar KY15 5HW Bankers Bank of Scotland, 1 Queen's Gardens, Sl Andrews, KY16 9TD TRUSTEES. RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS The Charity Trustees are responsible for preparing trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. The law applicable to charities in ScoUand requires the charity trustees lo prepare financial statements for each year which show a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements, the trustees are required to.. Select suitable accounting poliC￿S and then apply them consislenlly., ObseNe the method and principles in the applicable Charities SORP,. Make judgements and estimates that are reasonable and prudent., Slate whether applicable accounting standards and statements of recommended pract￿ have been followed, subject to any departures disclosed and explained in the financial slalemenls., Prepare the financial statements on the going con￿rn basis unless il is inappropriate lo presume thatthe charity will ¢ontinue in operational existence. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and lo enable them lo ensure that the financial ststemenls comply with the Charities and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts (Scollandl regulation$ 2006 las amended). They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information on the congregab'on's website. Legislation in the United Kingdom goveming the preparation and dissemination of financial statements may drffer from legislation in other jurisdictions. Approved by the Trustees on . 2026 and stgned on their behalf by.. Rhona Ferguson Session Clerk CUPAR ST JOHN'S AND DAIRSIE UNITED PARISH CHURCH OF SCOTLAND INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CUPAR STJOHN'S AND DAIRSIE UNITED PARISH CHURCH OF SCOTLAND YEAR ENDED 31 DECEMBER 2025 I report on the a￿O￿nts of the charity for the year ended 31 December 2025 which are set out on pages 7 to 17. Respectlve responslbllltles of trustees and examiner The charity's Iruslees are responsible frjr the preparation ol the accounts in a(tordan¢e with the terms of the Charib'es and TTLislee Investment Iscotlandl Act 2005 and the Charities Accounts (Scotlandl Regulations 2006 las amended). The charity trustees consider that the audit requirement of Regulation 10{11 lal lo 1¢) of the Accounts Regulations does not apply. 11 is my responsibility lo examine the accoun15 as required under section 44111 Icl of the Act and to stsle whether particular matters have come lo my attention. This report is made lo the Iruslees, 88 a body, in accordance with the terms of my engagement. My work was undertaken so that I might slate lo the trustees those matters 18m required lo slate to them in an independent examinerfs report and for no other purpose. To the fullest extent permitted by law, I do not a¢cepl or assume responsibility lo anyone other than the Church and the Iruslees foi my work or for this report. Basis of indapgndent &xamlnfrr's statement My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scollandl Regulations 2006 las amended). An examination includes a review of the accounting records kept by the charity and a comparison of the acwunts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts. and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide 811 the evidence that would be required in an audit, and consequenlty I do not expr8ss an aLNJit ODinion on the vtew aiven bv the accounts. Indepand•nt examln•r's statement In the course of my exarninab'on, no matter has come lo my attention.. which gives me rèasonable Cause lo believe that in any material respect the requirements: lo keep accounting records in accordance with Section 4411) lal of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations. and lo prepare accounts which a¢cofd with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations have not been mat. or lo which, in my opinion. attention should b8 drawn in order lo enable a proper understanding of the accounts to be reached. Matthew Slruthers BA CA Partner Henderson Black & Co Chartered Accountsnts Edenbank House 22 Crossgate CUPAR Fife KY15 5HW 2026 CUPAR ST JOHN'S AND DAIRSIE UNITED PARISH CHURCH OF SCOTLAND STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2025 Unrestricted Restricted Funds Funds 2025 2025 Unreytricted Restricted Funds Funds 2024 2024 Total 2025 Total 2024 Notes Income and endowments from.. Donations Charitable activities Other trading activitie$ Investments Grants Other- from General Trustees, Consolidated Fabric Fund 53,822 500 8.295 4,795 53.822 500 8.295 4,881 62,560 1,534 9,381 4,632 62,560 1,767 9,381 4.740 250 233 108 250 55,891 123 303 55,891 123 389 3S,959 114066 35.959 Totsl Income 591 114.657 Expendlture on: Raising funds Charitable aclivK(ies 85 129,894 85 129,934 82 120,513 82 122.368 40 1,855 Totsl Expendiluro 129.979 40 130.019 120,595 1.855 Net lexpenditurellincome before galns and losses on Investments 16,676) (6,6301 16,529) 11,2641 17,7931 Net gains on investments Net In￿me1(eXpendltUreI 4,665 1,662 6,327 5,430 434 Transfers between funds 325 13251 128 11281 Net movomont In funds Total funds brought forward 181.914 35,143 217.057 176,356 34,837 211,193 Total funds carrled forward 223 384 181 914 35 143 217057 CUPAR ST JOHN'S AND DAIRSIE UNITED PARISH CHURCH OF SCOTLAND BALANCE SHEET AS AT 31 DECEMBER 2025 UnrnStrlCt￿ Rostrl¢tod Funds Funds 202S 2025 Unrostrlctod Restrlcted Fund$ Funds 2024 2024 Totsl 2025 Total 2024 Noto$ Fixèd Assets Tangible Fixed Assets Inveslrnenls 4.294 169.463 4,294 193,801 5,140 158,122 5,140 180.844 24,338 22.722 Total Flx•d Assèts 173,757 24.338 198,095 163,262 22,722 185,984 Current Assèts Debtors Cash al bank and in hand 3.176 14,143 3,176 26,285 2,922 19,965 2,922 32,386 12,142 12,421 Totsl Curr•nt As$•ts 17,319 12,142 29.461 22,887 12,421 35,308 LlabS1ities Crediltsrs due within one year 9 Current As$•ts {4.1721 14.172) 25,289 14,2351 18,652 {4,2351 31,073 13.147 12,142 12.421 Total Net assets 186,904 36,480 223,384 181,914 35,143 217,057 Totsl ¢harlty funds 11 186,904 36.480 223,384 181,914 35,143 217,057 The accounts were approved by the trusleeg on ........................................................ 2026. For and on behalf of the Iwslees". Rhona Ferguson, Se55ion Clerk Craig Stockton, Trustee CUPAR ST JOHN'S AND DAIRSIE UNITED PARISH CHURCH OF SCOTLAND NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 1 Accountlng Policies The principal accounting policies, vthich have been applied Consistently in the current and preceding year in dealing with items which are considered material to the accounts, are sel out below. Basls of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Stalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) {effective 1 January 2019) (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021, the Charities and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts (Scotland) Regulations 2006 la5 amended). Cupar St John's and Dairsie United Parish Church of ScO￿and conslitlrtes a public benefit entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the entty and the amounts reported are rounded to the nearest £. The trustees consider that there are no material uncertainties which would lead them to question the charity's ability lo conlinue as a going con￿rn. Funds Funds are classified as either restricted funds or unrestricted funds, defined as follows.. Restricted funds are fijnds subject to specifi¢ requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider objects of the charity. 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 eamiarked al the discretion of the trustees for a parb"cular purpose, they are designated as a separate fund. This designation has an adminislralive purpose only and does not legally restrict the truslees, discrebon to apply the fund. Incorne All donations and gifts are included within income under either unrestricted or restricted fijnds according to the terms under which the donation is made and when the amount can be quantified with reasonable certainty. Donations and gifts in kind are brought into the accounts at their market value to the charity- Grant income is recognised when receivable, where there is sufficient evidence of entitlement to It. the amount due can be feliably measured and receipt is certain. Expenditure Expenditure is recognised on an accruals basis as the liability is incurred. CUPAR ST JOHN'S AND DAIRSIE UNITED PARISH CHURCH OF SCOTLAND NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 l A¢countlng Pollcles Icontlnuedl Donated servlces and fa¢llltles Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met. the receipt of economic benefit from the use by the charity of the item 1$ probable and Ihat economic benefil can be measured reliably. In accordance with the Charities SORP (FRS1021 the general volunteer time of congregation members is not recognised. On receipt. donated professional services and donated facilities are recognised 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 facilib'es of equivalent economic benefit on Ihe open market. a corresponding amount is then recognised as expenditure in the period of receipt. Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the church,. this is normally upon notification of the interest paid or payable by the bank. Tanglble flxed assets The charity has the right to occupy and use for its charitable objects certain tangible fixed assets. including the Churches, halls and manse, vested in the Church of Scotland General Trustees. No consideration is payable for the use of these assets. Fabric expendtture incurred on the repair and maintenance of these assets is charged as expenditure in the statement of financial aclivilies in the period in which the liability arises. All tsngible fixed assets costing in excess of £1,000, having a value to the charity greater than one year, are capilalised. Depreciation is provided on a straight line basis to write oft the cost or initial value. less residual value. of tangible fixed assels as fr)Ilows'. Furniture and other equipment (ex¢luding computer equipment) Computer equipment 10 years 4 years Investments The charity only has basic financial instruments. Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as al the balance sheet date using the closing market value. The slalement of financial activities includes the net qains and and losses arising on revaluation and disposals Taxation Cupar St John's and Dairsie United Church of Scotland is recognised as a Charity for Ihe purposes of applicable taxation legislation and is therefore not subject to taxation on ils charitable activities. The charity is not registered for VAT and expenditure therefore includes irrecoverable input VAT. VAT refunds received under the Listed Places of Worship Grant Scheme are netted of against the expenditure to which they relate. 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 2025 1 Accountlng Pollcles {contlnued} 1.1 Union of Dalrsle and Cupar: St John's The linked congregations of Dairsie and Cupar.. St John's were untted on 1 January 2009. The Scottish Charity Registration number SC015721 of the united congregation is the number previously held by Dairsie congregats'on. The Charity Registration number of Cupar.. St John's SC031896 was discontinued. 1.2 Judgements and key sources of estimation uncertainty In the application of the charity's accounting policies the Trustees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilib'es that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. In preparing these firsancial statements the trustees have made the following judgements= Accwals Trustees estimate the requirement for accruals using post year end infomation. This identifies costs which are expected to be incurred for seNices provided by other parties. Accruals are only released Whe￿ there is a r6asonable expectation thal these costs will not be invoiced in future. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which 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 future periods. CUPAR ST JOHN'S AND DAIRSIE UNITED PARISH CHURCH OF SCOTLAND NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 unrestrict￿ Restricted Funds Funds 2025 202S Unrestricted Restricted Fund8 Fund6 2024 2024 Total 2025 Total 2024 2 Income Donations and Legacies Offering envelopes Gift Aid donations Ordinary offerings (open platel Tax recove￿ on Gift Aid donations Other offerings and donations Legaaes 5,536 32,424 5,823 8,110 1,929 5,536 32,424 5,823 8,110 1,929 5,767 38.572 5.659 10,373 2.189 5.767 38,572 5,659 10,373 2,189 53.822 53,822 62.560 62,560 Income from charitable actlvltles Weddings and funerals Charitable and fund raising gvgnts Guilds 500 500 350 1.184 350 1,184 233 233 500 500 1,534 233 1,767 Incom8 from othor trading a¢ti¥itie8 V$& of Piemises 8.295 8,295 9.381 9.381 8,295 8,295 9,381 9,381 Invesbnent inc¢)m• Bank and deposit interest Invèstment income 140 4.655 86 226 4,655 4,881 272 4,468 4.468 4,795 86 4,632 108 4,740 Grar Wam Space Grant 250 250 250 250 Othèr Incom• From Consolidated Fabrrc Fund IApp 11 55,891 55.891 55,891 55,891 35,959 35,959 35.959 35.959 Total Income 123 303 86 123,389 114.C66 591 114,6 12 CUPAR ST JOHN'S AND DAIRSIE UNITED PARISH CHURCH OF SCOTLAND NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Unrestricted Restricted Funds Funds 2025 2015 Unrestricted Restricted Funds Funds 2024 2024 Total 2025 Total 2024 3 Anatysrj of Expenditure Raising Funds Offering envelop8$ 85 85 82 82 85 85 82 82 Charitable Actlvltl•s Giving to Glow, note 12 Presbytery dues Minister's travel Minister's phone & other expanses Pulpit supply Salaries Fabric i&pairs & maintenance Organ maintenance & purchase He81 and light Insurance Manse counol tax Print, stationery and postage Advertising and publicity Professional fees Bookkeeping Donations Equipment deprèciation Guilds Other expenditure Independent examination fee 58,265 2,664 1,008 58,265 2.864 1.QX)8 943 728 7,980 29,198 25 10,467 5,421 3,857 132 439 90 2.445 52.423 2.664 52,423 778 864 7.912 23.583 295 11,738 5,715 3,605 219 409 90 2.379 778 728 7,980 29,198 25 10.467 5.421 3,857 132 439 90 2.445 7,912 23,583 295 11,738 5,715 3,605 219 2.379 846 1.472 1.472 451 4,663 2,148 451 1,404 3.130 2,256 3,170 2,256 3,259 2,148 129,894 40 129,934 120,513 1.855 122,368 Total 129,979 40 130. 1.655 122,450 Support costs have not been separately identified as the trustees consider there is only one charitable actimty. Therefore support Costs relate wholly to that activity. 13 CUPAR ST JOHN'S AND DAIRSIE UNITED PARISH CHURCH OF SCOTLAND NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 202S 4 Staff ¢o¥ts and numbers 2025 2024 Salaries and w8ges So(yal security costs Total 7.980 7,912 7,980 7.912 No employee received remltneration in excess of £60,000 and none are considered to be key management personnel The average number of ernployees during the year. calculated on the basis of a hèad count. was as follows.. 2025 2024 Organist Church Officers Cleaning All Church of Scotland congregati'ons contribute to the National Stipend Fund whi¢h be8rs the costs of all ministers, stipends and employerfs Gontribulions for national insurance, pension and housing and loan fund. Min1St8rs' stipends are paid in a¢¢ordance with the national stipend scale, which is ielatèd to years of service. For the year under review the minirnum stipend was £32.433 and Ihtr maximum stipend {in the fifth and subsequent yeafsl £39,856. 5 Trustee expenses, r•mun•rotSon and rolated party tran8actlons No charity trustee, or persons connected to 8 Iruslee. received remuneration in the year12024- nil) except a$ described below. During the year expenses of £5.856 were paid to one trustee for travel, council lax. telephone and other expenses 12024 £5.344 paid to one trusteel. No Iruslee or a person rdated to a trustee had any personal interest in any contract or transaction entered into by thè charity durino Ihe year. Durin9 the year a total of £10.75612024 £12,318) was donated lo the charity by trustees. 6 Tanglble fixed asséts Fumlturè FumStur¢ and othtrr and other equipment equipment 2025 2024 Cost At 1 January 2025 Additions Al 31 December 2025 16,244 11.961 4.283 16,244 16.244 Accumulated d•pre¢iotion At 1 January 2025 Ch8r9e fw year Al 31 Decernber 2025 11,104 846 11.950 9.632 1,472 11,104 Net b¢)ok valu• Al 31 December 2025 4.294 5.140 At 31 Decembei 2024 5.140 2.329 14 CUPAR ST JOHN'S AND DAIRSIE UNITED PARISH CHURCH OF SCOTLAND NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 7 Investm•nts 2025 2024 Market value at 31 December 2024 Unrealised Ilossl I gain on investrnents Market value at 31 December 2025 180.844 12,957 167.187 13.857 44 Investments at cost 95,763 95,763 The following investments 8re hdd with the Church of Scotland InvestNs Trust.. Growth Fund - 24.419 units Income Fund- 2,265 units 8 Debto 2025 2024 Gift Aid Councll tax in advanea Othèr debtor5 2,089 592 495 2.329 543 50 3.176 2,922 9 Crèdltors.. amounts falling due within one year 2025 2024 Independent examination fa8 Heat and light Other creditor8 1,8CKI 1,498 874 1,590 2.OC18 639 4.172 4.235 10 Volunts•rs In cornmon with all congregations of the Church of Seotland the eongregation ber*fits from th8 contribution made by volunteers who give their time and talents willingly for the benefit of the Church. The areas of congregational life which rety on the contribution ol volunteers are many and varied and much of the adivity would be unatAe to continue were it not for the commitmènt $hown. 15 CUPAR ST JOHN'S AND DAIRSIE UNITED PARISH CHURCH OF SCOTLAND NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 11 Movements In Funds Gainl Ilossl on At31 In￿$t- December ments 2025 At1 January 2025 Expend . itur• In¢om• Tr•n8f•rs Unrestricted funds General Fijnd Organ Fund Development Fund 177.180 3.916 838 123,303 {129.979) 325 11.341 182.150 3,916 838 181.914 123.303 129,979 325 11,341 186,904 R•strictsd funds Benevolent Fund Skinner & Duncan Trust Fund Sunday School Fund St John'$ Guild Fund- for the funds of the Guild Warm Space Grant 18,430 561 43 16,109 43 25 18 1401 13251 1,010 19,118 61 16.715 35.143 86 40 325 1.616 36,480 Total funds 217,057 123.389 1130,019} 12.957 223.384 Movements In Funds Gait)I Ilossl on At31 Invest- December m•nts 2024 At1 January 2024 Expend - Itur• Incom• Transf•rs Unrestricted fund8 General Fund Organ Fund Development Fund 171,602 3,916 838 114,C {120.5951 128 11,959 177,160 3,916 838 176,356 114,066 120,595 128 11,959 181.914 Restricted funds Benevolent Fund Skinner & DUn￿n Trust Fund Sun