2024-12-31-accounts

Scoiiish Charity No. SCOI 5914 Maryburgh & Killearnan Free Church of Scotland Trustees, Report and Financial Statements For the year ended 31 December 2024

Maryburgh & Killearnan Free Church of Scotland CoDlents of the FinAncial Siatements Page Church Inforniation Report of th¢ Trustees Report of the Indep¢nd¢nt Examiner Receipts and Payments Account Statement of Balances Notes to the Financial Statements

Marybur h & Killearnan Free Church of Scotland Church Infonlladon Tntstres A list of active Tnistres during 2024 is provided in the Trustees, Report on Page 2. Address Seaforth Place Maryburgh IV7 8DP Bankers Royal Bank of Scoiland 53 High Street Alness IV17 OSH Solieitors Blackadders LLP l Q Euclid Cff￿¢nt Dundee DDI I.4G Inde endemt Examiner Page I

burgh & Killearnan Free Church of Scotland Report of the TnJstees]or ¢heyear ended Jl December 2024 The Trnslees are pleased to present their report together with ihe financial statements of the church for the year ended 31 December 2024. StAtus of Clkgrity 4nd Gov¢rttlng D￿￿M*￿t Maryburgh & Killearnan Free Church of Scotland is estsblished by Constitution. It is a registered Scottish Charitv (No. SCOI 5914). Alm$ and AtTiliAtioo Maryburgh & KilleamAn Free Church of Swtland is a¢ongregation ofihe Free Church of Scolland working tOWYArds the common aims set out below. The Free chU￿h of Scoiland is a Pr¢5b￿crIan church adhering in its worship and dlxtrine to the EKTrSition of ihe ChuTch of Scotland at th¢ Reforniation. There is an explanatory document which explains the origins of the Church and which gives the historical backwound to the Church coming tnto b¢iD8 in 1843 and lists documents in which is ¢mLNxlied it5 constitution. This dwument is available on requ¢st from th¢ Fr¢¢ ChuKh of S¢otland. 15 North Bank Streel, The Mound. EHI 2LS. The FtEe Church of Scotland currently has around l 00 congregations in Scotland, as well as one in London and four in North Amerieffj and sister Churches founded b}. mission work ith lrtdia, Penj ond South Africa. The Church also h&$ a full-time de8ree 2w8rdin8 eolle8e in the heart of EdinbLEr8h for the trainin8 of Ministers and otheT Christian workers and SLTrStains an extensil'e Missionary pro8rdmme relative to the size of the ehurch. Daiing from 1843 but with its roois in the Refom)ation, it owes its di5tTnctive title to its historical struggle to remain 'free' from state interference in its iniernal affairs. It has close and acti￿e relations with many other Refornied churches of Jeslts Christ throughout the world and stands firnily in the tradition which accepts the Bible in its entirety as the Word ot" tiod and, theretore, derives its tom)s ot-teaching, worship, ministry and government trom it. Th¢ main ¢mphasis of (wr worship is th¢ preaching of the gospel _ the good neThs of a free and sovereign salvation through Jesus Chrisl alone. The Con￿egatIon is within the Inierness. ￿h￿ber & Ros$ p￿$bytery and is authorised by the Chur¢h to have a minister pAid from the eentral funds of the Church. The Chur¢h building and the Minister's manse are the pn)perty of the ¢oMgregatton and atr held in trust by locally elected property (or con8resational) trustees under th¢ Church's Mod¢l Twst D¢¢d. Trustees and ollice Bearers The con￿egatIon is governed and administered b>" el￿ted oifice Eearers (all volunleeTS) and tts minister. The Kirk S¢ssion, IKing the mini51er and elected elders, has responsibilitv for spiritual oversight, while the Deacons, Court, COrnFK)sed ot"Kirk Session members plus elected deacons, oversees financial and property matters. Under Charity Law. the Dexons, Court are deemed to k the trustees of the congregation as those with r¢sp)nsibility for day to dav management and control. This is distinct from the role of property (congregational) trustees who are responsible only for holding propety in trust. The members of the Deacons, Court (the Trustees) who served during the year were as follows: Page 2

Maryburgh & Killearnan Free Church of Scotland Report of the Trusteesfor iheyear ended 31 December 2024 Appoinlmenl of Charity Truytees The Kirk Session exercises its discretion in detem]ining the most appropriate method of electing new Truitees (Elders and Deacons). Any election process must involve the communicant membership of the congreggtion_ There is no fixed tem) for Trusteeship. Prior to their appointment, new Trustees would have seThred the Church for some time in i'arioug roles and would be familiar with the Churoh's values. its aims and objectives as well as its day-to-day op¢txtions. As part c>f their induction programme, new T￿Stee$ are requir¢d to understand their ststutory responsibilities as well as the responsibilities of their office within thc ¢ongwgation a$ eldcr or dcacu). A¢tivities Athievtments During the lastyear. th¢ congregation met re8u12rl)' and carried out various activities inpursuit ofthe above stated aims. Hkghlight& events and developm¢nts of note in the year include the followtng: In relation to eongreggtionAI activities.. Every Sunday we mettwice in tk church for WO￿lp. Each Weth)esday evening we mrt for Bible audy and prayer. Every S￿nd Sunday of the month we take the Se￿1¢¢ in the I￿8] Care Home. On Tueglays we ran a Dropin Cafe for the community. Throushthjt the year we held gn E&¢er Setvice, Air Service. Harvest Thanksgiving Seniiee and a Caml se￿Ie4 to all ofwhich the community camealon We have also had a number of missM)nary organisations comeand speaK whom we fir&ncialty support Ev¢ry ft>rtnI￿t on Mondays th¢ Knittin8 and Sewtn8 8roup met in ourhall. This is attendcd by pwpl¢ in th¢ ￿T￿munity. Ev¢ry W¢dn¢sday morning th¢ Moth¢r& T(Kldl¢rgroup m¢t in our hall. The wom¢n in our church held a coffee morning to raise funds for Women for Mission (WFMk an organisation that supports mission Frojects worldwide. 'Ihe Ross-shire Flower Llub also used our hall for flower aThgement demonstrationsto whlch metnlRrs of the commwlty and the surrounding atEa came. We led a eommunity Remembrance Service. Every S￿nd month wetake Assemblies in the I￿1 primary sclM)ol, and atr involved tn prize giving and end ofterm ￿leb￿tiOn& and we took Txrt in the Remembrance Service at the School Remembrance Garden. In relation to eongregatiollal funding: We are thankful for the financial supwrt and commitment frorn the congregation. Reserves Resultsfor iheyear As a result of all unrestricted fund deficit for the year of £5,518 (2023.. £10,048) the wngregation's unrestricted funds had a balance of £36.753 {21123.' £42,271) at the year end. The G¢)ngregatioD also had restricied funds amounting to £38) (2023.. £3, 971). Reserves The trnstees satisfied with the level of reserves retained by the charity, noting that th¢ defjcit this year was considerably less than il rnight have been with the work on the stone boundary wall costing £22,200. This was due to the generolls donations receii'ed both last year and this year to offset this exceptional expenditure. nn heh8lf af the Trii*tè Dated: 15 April 2025 Page 3

Maryburgh & Killearnan Free Church of Scotland Report of the Independent Examiner to the TnLstttsfor tkyear ended 3J December 2024 I report on the accounts of the church for the year ended 31 tkcembex 2024 which are s¢t out on pages 5 to7. Respective responsibilities of trustees 2nd eI2miner The charity's trustees are responsibl¢ for the pr¢p4rntion of the accounts in accord￿Ce with the tern)s of the Charities and Trustee Investment (S¢otl8nd) Act 2005 and ihc Charitics Accounts (Scotland) Re8ulation$ 2006 (as amend¢d). Th¢ ¢harity trustC¢5 wnsidcr that thc audit rquir¢iiiciit of Rcgulatioii 10( l ) (d) ofui¢ A¥¥ow)1s R¢gulatioIis doei iioi apply. 11 is my rcspun5ibilily to examine the aLLOUtits as r¢quired under section 44(1) (c) ofihe Aci andio S￿le whetherparticul￿ matters have come to my attention. Basis of Independent Examiner's statemeDt My examination is Ca￿led out in a￿)rdance with Regulation I l of the Charities Accounts Iscoiland) Regulations 2(X)6 (as amended). An examination includes a review of the accounting records kept by the charity and a cornpari￿n of the aeeounts presented with those records_ It also includes consideration of any unllswal items or disclosures in the accounts, and seeks explanations from the trustees concerning such matters. The procedures undertaken do not provide all the ¢vid¢nc¢ that would be required in an audit, and consequently I do not express an audit opinion on the view 8iYen by th¢ aecounts. Independent ExamlDer's Ststement In the Course of my examinalion, no matter has come to m}, attention . which gives me reasonable cause to believe that An any material respect the requirements.. to k¢ep ar¢ounling records in accordance with Seciion 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations (as amended), and to prep￿e accounts which accord with the ac¢ounting records and comply with Regulation 9 of the 2J06 Accounts Re8ulations (as amended) have not been m¢L or 2. to which, in my opinion, attention should bc drawn in oTdcr to enable a proper understand&n8 of th¢ accounts to be reached. Dat¢.. . 2025 Page 4

Maryburgh & Killearnan Free Church of Scotland Receipts and Payments Accounts For the year ended 31 December 2024 Unre5¢rieted General Deslgnated Restrlcted Fund$ Funds Total 2024 Totsl 2023 Reeeipts Offerings and donatiODS Gift Aid Trust IncoEne Magazine refitnds Hall let5 Presentaijons R¢o¢al Income Ratts Refund Invesimeni lrtconre Interest 43,561 9,￿)7 1421$ 57.776 9,907 42,088 20.344 4,500 288 624 520 408 3.600 1,263 643 513 Tot$1 R¢¢¢ipts J4215 78.245 Payments Paymentsforcharltdble actlvili Remittances to C¢ntrn] Funds Heat & Li8ht Insuran¢e Repairs & renewals Cleaning expense5 Council'l-&Qrent5 Minislefs expenses Pre%bytery du¢slf¢es Publi¢ation$ Missioft work Supply expense5 misce1lan￿uS Governance costs Independent examination Total Payments IDefitltVSurplv for th¢ year 39,637 10.290 4.317 712 288 3,101 678 2.180 286 39,637 10290 5,172 23.461 288 36,249 14.237 3,898 17,210 288 3.033 1,436 879 139 2,075 658 520 856 549 22200 678 2,180 286 2.005 189 65 2,005 189 65 61.742 2288 1.405 24305 87.352 19,107) 80,622 16,882) {1.405) {9,￿￿) Trnrt$fers Designated fabric fund to church wall fi]nd Gift Aid on church wall donations General fund ty church w&ll futKI EICR ai Tore Manse12023) movemettt in futhd$ afttr transfers 11.001) 11,800) (3.6001 1.81K {1.9￿) (4J06) 12,464 (1312) 29007 (J,5891 3974 {9.1071 46245 {6.882} 53.127 Total fund5 brought forward Total funds tarried forwArd 28J95 &158 385 37.138 46.245 Representeil by: Unreslrlcted Funds General Fund Desl¥nutsdf4nds Fabri¢ Fund Killearnaj Proykny Fund Rcslieted Funtts Fabric Fund Wall Fund Ladies Fellowshkp Hall Fund WFM Appeals 28J95 28095 29.807 1,001 11,463 158 8,158 752 2,500 256 335 256 256 124 124 The nofrs OTh page 7 fomi pan of these fjnancial $￿ternents. Page 5

Maryburgh & Killearnan Free Church of Scotland Ststement of Balances As at 31 tkcetntKr •024 Nfjfes 2024 2023 Opening {D¢ficit) aosing b￿ance forye8r ianee Op¢ning (Deficii) Closing b￿aTr¢t for y¢pr balan¢¢ Bank *ttd ￿$b ib balld 46J45 (9,IOT) 37,138 53,127 (6,882) 46,245 Total 0ss¢ts 46 J4S 9,107 37,138 53.127 16.88?) 46 •45 Reserves General fimds DesigDated fvnds R¢strict¢d fuTrd5 2&595 &158 385 29.807 12.464 3,974 46.245 37.138 St#t¢mettt of xsstts h¢ld for charAtsble ￿r￿Se8 Church and manscs 105.247 104.247 105.247 14)5.247 The c.hurch and Manse at MaryhurBh have llot heen thown in the fi8urts ahnve. Thts iq just the cost price of the manse Kille2tn2n & the Churth Hall. St8temeDt of debtors at31 December2024 Gift Aid r¢¢laim du¢ 687 467 Statsment of15abllitles 8t31 Detembtr 2024 It)voi¢es due for p&yma)t Approvrd by thE Trust￿5 on 15 April 2025 alld 5isned on their behalf by the undernotcd.. The notes on page 7 fomi part of these fin8ncial statements. Page 6

Maryburgh & Killearnan Free Church of Scotland Notes to the Receipts and Payments Accounts For the year eJKled 31 Ikcemb¢r 2024 Accounting Poli¢ieJ Accounilng The financial stateTn¢nts have been prepaTed under the historical cost convention. and in a¢¢ordance with the Charities Accounts (Scotland) Regulations 2￿6 (as amended)- Basts offinanclal sf•iements i'he fjnallcial statem¢nts have been prepared on & receipts aThJ FAyments b&sis. Reeelpts and Payments Aeeolnl For purpose of the Receipts and Pa￿nents Account as shown on pag¢ 5, fithds ar¢ defined as follo￿. Unr¢$tri¢t¢d fund$: ¢omprise grants and other income received foT tbe objects of the ChU￿h without furth¢r 5pccified purpose and arc available as 8eiieral fijtids. Restricted ¢ompris¢ in¢om¢ which has iken received ftir the objects of the church and specified for a restricted pury)ose within these objecis by the donor. TrIn￿¢tIOnS wlth Trumees There were no transactions with trustees during the year. 3, Unrestrict￿1 funds Balance at 01.01.24 In¢oming R¢sources tesour¢es ¢xp¢nd¢d Balance al 31.12.24 Tr4nsfers G¢iJ¢rnl Fund Designatsdfunds Fabi]¥ Fu]id Kill¢aman Propeny fuml 29,807 64.030 (61,742) (3.500) 28VJ5 1.001 11,463 {i.001) (1.900) (1,405) &158 Total un￿$trICt￿ funds 42,271 64.030 163,147) (6,401) 36,753 Erplanolion off4nd5 The Generdl Fund encompasses all income and exp¢nditure relaiing w the pyimary focus activities of the charity, other than those for which fimding is restricted. DesIgna￿dfuR￿% Fabric Fund is ￿￿eY sd aside by the trnstees f(x expenditure on the fabric of the building. Kille8m#n Monse Property Fund is money set aside for the Killearnan Manse. 4. Restricted funds Balance ai 01.01.24 Incotntng Resources sources expended Balanct at 31.12.24 Transfers Fabric Wall 752 2,500 256 335 920 11,620 (1,672) 8,080 121200) 256 Wf.M Appea15 1.060 015 {1,390) (615) (7) 124 Totsl restricted fvnds 3.974 14.215 124.205) 6.401 385 EXPl￿all0￿ oAfvids The Fabric FUJKI is set up for the faiyic of the buildinAs of MaryburRh & Killeaman Free Chureh. The Wall FI￿d was set up for the repairs to the wall o￿lS1de the ¢hur¢h, and is now closed. The LFHF Fund is the Ladies Fellowship Hall Fund, available for llnprovements to the hall. WFM ￿nd is money raised for the work of Wom¢n for Mission projects,. in 20?3_24, this was"Breakin Appeals. supports different appeals as they oecur, here Agia Linl £400- FC camps, £lOQ.. Page 7 Barriers" £115.