OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Meldrum & Bourtie Parish Church Of Scotland

2025-12-31-accounts

Meldrum and Bourtie Parish Church of Scotland

STATEMENT OF ACCOUNTS ACCRUED (2015 SORP COMPLIANT) ACCOUNTS

FOR THE YEAR ENDED 318? DECEMBER 2025

Congregation No: 331983

Scottish Charity No: SC 015960

1

Meldrum and Bourtie Parish Church of Scotland

Trustees’ Annual Report

Year ended 31 December 2025

The trustees present their annual report and financial statements of the charity for the year ended 31 December 2025

The financial statements have been prepared in accordance with the accounting policies set out in Note 1 to the accounts and comply with the General Assembly Regulations for Congregational Finance, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and Accounting and Reporting by Charities: 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 (FRS102) published on 16 July 2014 (effective Ist. January 2015).

Objectives and Activities

The Church of Scotland is Trinitarian in doctrine, Reformed in tradition and Presbyterian in polity. It exists to glorify God and to work for the advancement of Christ’s Kingdom throughout the world.

As a national Church, it acknowledgesa distinctive call and duty to bring the ordinances of religion to the people in every parish of Scotland througha territorial ministry. It co-operates with other Churches in various ecumenical bodies in Scotland and beyond.

Worship Services and Religious Activities

Sunday morning worship continues to take place weekly in Oldmeldrum. In 2025, the Church introduced three new worship services and meetings:

Communion is celebrated on the first Sunday of every second month and occasionally at other times during the year. The Church also continues with its joint Maundy Thursday service with the local Scottish Episcopal Church, alternating venues each year.

Easter morning begins with the congregation meeting in the local community gardens for prayer and praise, followed by a short walk to the hall where a simple breakfast is served. We then make our way up to the church for our Easter Sunday Service.

Our Christmas services include the “Wee Christmas” service, which is designed as a fun, lively, event for families, the evening Watchnight Service, and a Family Service on Christmas morning.

On occasion, Sunday morning worship services are moved to partner churches within the Parish Grouping. In 2025, the Church hosted a shared Palm Sunday Service, inviting all congregations from the Parish Grouping, which proved highly successful with excellent attendance. Congregation members were also invited to join Daviot for an open-air service at Daviot Woods in June, as well as a Songs of Praise service in September at Auchterless.

Community Worship and Special Services

The Church maintains monthly community worship services at Wyverie Court Sheltered Housing, held each second Sunday afternoon. Other special and occasional services include:

2

Meldrum and Bourtie Parish Church of Scotland

Trustees’ Annual Report

Year ended 31 December 2025

Community Worship and Special Services Cont’d

Seasonal Events and Community Outreach

During summer, the Church hosts a Family BBQ & Fun Day, welcoming all in our parish who wish to come along. Additional events include:

Church Hall Activities

The church hall remains a vibrant centre for various church activities:

Fundraising events in the hall include Quiz Nights, a four-day Charity Shop, and an Autumn Fayre with a wide range of stalls offerings crafts, jams and more.

The church hall remains popular as a venue for local groups such as Guides and Rangers, Brownies, Rainbows, adult Yoga and Pilates classes and AA meetings. It is also used for private parties and community groups such as the local junior Pipe band and Aberdeenshire Care Partnership at various times throughout the year.

The Guild, though thriving and well attended, now meets in the centre of the village rather than in the hall.

Community Engagement and Support

The Church remains dedicated to life within the wider community, maintaining connections with both the primary school and the Academy. At Meldrum Sports, Church representatives host a stall, fostering engaging conversations over tea and biscuits. The Church actively supports the Aberdeenshire Foodbank with ongoing collections of donations and monetary support from our benevolent funds.

The quarterly Church/Community magazine remains a vital source of news for both the church members and the wider community. The magazine is distributed to every household and business in the village, and additional copies can be found at the church, the hall, the medical clinic and the dental surgery. An online version is also accessible on the church website.

3

Meldrum and Bourtie Parish Church of Scotland

Trustees’ Annual Report

Year ended 31 December 2025

Community Engagement and Support Cont’d

During 2025, we continued with the Community Connect Grant scheme, which is open to groups to apply for support. In 2025, we made grants totalling £6,801 from this scheme. Details of all benevolent donations can be found at Note 16 of this report.

We also hold a monthly “Kirk Book Group”, which meets at member’s homes and read books that inspire and encourage. The group is open to all in the Parish.

Pastoral Care

The Pastoral Care Team and Flower Committee are active throughout the year, maintaining contact with parishioners who are housebound, bereaved or unwell. Each Sunday, flowers from the sanctuary are distributed to those recently bereaved or ill, extending comfort and care within the community.

Statistics

==> picture [409 x 124] intentionally omitted <==

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Average Attendance|per Service/Meeting|2025|2024| |in|person:| |Weekly Worship|- Churches|40|45| |Prayer &|Praise Evening|Service — New|in 2025|15|-| |Sheltered Housing|/ Care Homes|- Monthly|10|10| |Bricks &|Bites (Replaced|Story & Play|in 2025)|18|8g| |Tunes &|Teas|24|20| |Youth Group|25|25| |Book Group|6|6|

----- End of picture text -----

15 Funerals were conducted during the year (2024 ~ 12) of which 11 were members (2024 - 5). Over the year, 17 members of our congregation died, 6 of whose funerals were conducted elsewhere. 1 Baptism was conducted during the year (2024- Nil).

1 Wedding service took place during the year although this was not conducted by our minister (2024- Nil).

Financial Review

The offerings for the year ended 31% December 2025 are made up as follows:

==> picture [475 x 88] intentionally omitted <==

----- Start of picture text -----
||||| |---|---|---|---| |2025|2024| |Gift Aid Offerings|34,021|36,567| |Ordinary|offerings via plate and 6-monthly envelopes|5,147|4,480| |Donations|3,782|7,283| |Legacies|1,000|-|

----- End of picture text -----

Of the above donations, £3,357 was unrestricted (2024 - £4,809) and £425 was restricted (2024 - £2,477). Tax recovered on Gift Aided contributions was £9,713 (2024 - £16,672)

The Community Café contribution during 2025 was £414 (2024 - £1,023) after expenses. Other fundraising for the New Church Development Fund contributed £6,860 (2024- £5,899) after expenses. The legacy of £1.000 has been applied to the New Church Development Fund

4

Meldrum and Bourtie Parish Church of Scotland

Trustees’ Annual Report

Year ended 31 December 2025

Financial Review Cont’d

Of a total membership of 288 (incl. 3 adherents), 154 members now gift aid their offerings. This represents 53.47% of the membership including adherents.

The number of members and adherents who give by standing order is now 152. 14 members give through weekly freewill offering envelopes and 13 by other identifiable methods. The balance give through the open plate, or do not give. A total of 179 members donated by identifiable methods during 2025. This represents 61.8% of the membership.

Overall, the annual incoming resources rose from £120,744 in 2024 to £128,361 in 2025 while expenditure also rose from £119,376 in 2024 to £146,101 in 2025. Details of the differences can be found in Notes 1 - 6 of the financial accounts attached to this report.

Currently, based on the figures for 2024, we now meet 96% (2023 80%) of the costs of a full time equivalent minister of word and sacrament allocated to the charge. Our income base figure results in a Giving to Grow contribution for 2026 of £61,325 of which £51,104 is allocated to ministry here, while the costs of employing a minister is currently £53,120. The Consolidated Stipend Fund endowment contribution for 2026 of £24,702 will be deducted from our Giving to Grow contribution for 2026. The total endowment for 2026 will be £25,328 (2025 - £20,493). This will help reduce our expenditure and will also add to our recorded income going forward.

The finances of the church are still not sustainable in the longer term as we are using investment income to subsidise running costs. The General Fund and Fabric Fund had to have a total of £33,500 transferred in in 2025 (2024 - £15,000). This was largely due to the investment in upgrading the bathrooms at the manse.

Investment Policy and Performance

The Church of Scotland Investors Trust has three funds for Growth, Income and Deposits:

The Growth Fund is very largely equity based and is intended for long-term investment. The fund is operated on a unitised basis and aims to provide capital growth. Units can be purchased or sold monthly. Income is distributed gross in May and November. The Growth Fund management changed during 2025 from Newton Investment Management to a combination of Wellington Management and M & G. The transition to the new managers was completed in November 2025. In the 12 months to 30" September 2025, under Newton’s management, the Growth Fund performance was +10.8% against a benchmark of +14.5%.

The Income Fund is intended for medium term investment and aims to provide immediate high income with funds invested predominately in fixed-interest securities and operated on a unitised basis. As with the Growth Fund, units can be bought or sold monthly with income distributed gross in March and September. The Income Fund is professionally managed by Royal London Asset Management, based in London. In the 12 months to 30" September 2025, the Income Fund performance was +7.58% against a benchmark of +3.70%.

The Deposit Fund is intended for short-term investment and aims to provide a high rate of interest. Deposits are repayable on demand, with interest calculated quarterly in arrears, paid gross in May and November. The fund is invested mainly in short-term loans to banks and building societies. The Deposit Fund is professionally managed by Thomas Miller Investment Limited, based in London and Edinburgh.

The Deposit Fund interest rates are set quarterly and are currently set at 4.09% The average rate during 2025 was 4.43% The average rate during 2024 was 5.10%.

5

Meldrum and Bourtie Parish Church of Scotland

Trustees’ Annual Report Year ended 31 December 2025

Investment Policy and Performance Cont’d

No bank fixed term deposits are currently held. Due to the drop in bank interest rates, the amounts held in bank accounts has been reduced as much as practicable and the money placed with the Investors Trust Deposit Fund.

The markets have been impacted by the global situation and the ongoing war in Ukraine and remain volatile. This has affected the unit values of both the Income and Growth Funds. At the end of 2025, the values of the units in the various funds were as follows:

==> picture [506 x 65] intentionally omitted <==

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |31/12/2025|31/12/2024|Percentage Change|Projected Return| |COSIT — Income|fund|£11.39|£11.06|+2.98|50 ppu| |COSIT|-|Growth Fund|£6.88|£6.38|+7.84|13|ppu| |Deposit Fund Interest Rate|4.09%|4.76%|-14.08%|

----- End of picture text -----

Risk Management

The principal risks facing the charity have been identified as follows:

The church membership has an ageing profile and there is a general decline in the numbers of younger people wishing to join the church. This is not unique to our organisation but is evident across the country. At a local level, this has a potential impact on the level of donations being received and the potential for the charity income to be adversely affected.

The trustees have adopted a policy for stewardship which runs on a 3-year rotation cycle based on time, talents and moncy to try and minimise the impact of the above. In addition, we are looking at new methods of attracting younger members to become involved with the church.

The recent high inflation and cost of living increases have put the church finances under strain and we are not currently financially sustainable.

Sustainability is the target and is essential if the church is to keep going. New strategies will be employed with a view to enabling us to move forward.

There are financial risks associated with the investments administered by the trustees. Values of investments are subject to market forces and the value may go up or down. The trustees consider that, by adopting the policies outlined in the Investment Policy and Performance section above and the regular performance monitoring of the funds in which the monies are invested by the trustees of the Church of Scotland Investors Trust, the risks are acceptable.

Reserves Policy

The charity trustees have considered the reserves required and have taken into account their current and future liabilities. It is the Trustees’ policy to hold reserves of approximately 12 months expenditure including designated funds. This policy was re-examined in November 2022 and affirmed at that time.

At the year end the Church held unrestricted funds of £162,625 of which (-£150) had been designated for fabric. The remaining balance of £162,475 represents about 16 months expenditure which, while higher than the policy, is primarily intended to be used as part of the funding for a refurbished church and a community building. See Note 15 for details of the unrestricted funds.

The church also held £306,519 of restricted funds which have been provided for the purposes specified in Note 15.

The Barbara Thomson and Sylvester Thomson Legacies held under Endowment Funds may be utilised to assist financing a high-cost capital project in the foreseeable future — See Note 15.

6

Meldrum and Bourtie Parish Church of Scotland

Trustees’ Annual Report

Year ended 31 December 2025

Structure, Governance and Management

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 amember of the Kirk Session, is elected by the congregation and inducted by Presbytery.

The Kirk Session meets in person approximately six times in the year and by e-mail outwith these meetings, and in addition to its responsibility for spiritual affairs within the church, is responsible for secular matters such as approval of proposals put forward by the various “Task Force” groups which are formed and disbanded as required. These “Task Forces” can include non-trustee members and report back to Session. This has been found to be a practical method of overcoming a reduced eldership.

The congregation is a registered charity, number SC015960 and is administered in accordance with the terms of the Deed of Constitution (Unitary Form) and is subject to the Acts and Regulations of the General Assembly of the Church of Scotland.

Reference and Administrative Information

Charity Name: Meldrum & Bourtie Parish Church of Scotland Charity Registration Number SC 015960 Congregational Reference Number 331983 Contact Address William Paterson Ceardach, Whiteford Road, Pitcaple, Inverurie, AB51 SEB

Trustees

The following persons acted as trustees who served during the year and up to the date of the signing of the accounts.

Kirk Session (alphabetical by surname)

==> picture [316 x 138] intentionally omitted <==

----- Start of picture text -----
||||| |---|---|---|---| |Elizabeth Buchan|Fiona Morris| |Elaine|Buck|Eileen|Oliver| |William|Dalzell|William|Paterson| |Margaret Green|(Died|28/3/25)|Patricia Patrone| |Steve|Hensley|Brian Reid| |Traci Hensley|Isobel Reid| |Keith Ingram|Sheila|Simpson| |Andrew McCartney|Graham|Smith| |Rev.|Alisa McDonald|Mary Watt| |Anne McLean|Mhari|Watt| |Jean|Mitchell|Phillip Watt|

----- End of picture text -----

Principal Office-bearers Minister: Rev. Alisa McDonald Session Clerk: William Daizell Church Treasurer: William Paterson Independent Examiner Bankers Richard Christie C.A. Clydesdale Bank plc (Trading as Virgin Money) Partner Oldmeldrum Branch James Milne 26 West High Street Chartered Accountants INVERURIE ABS51 3SL 5 Bon Accord Square ABERDEEN AB11 6XZ,

7

Meldrum and Bourtie Parish Church of Scotland

Trustees’ Annual Report

Year ended 31 December 2025

Structure, Governance and Management Cont'd.

Trustees’ Responsibilities in Relation to the Financial Statements

The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in Scotland requires the charity trustees to prepare financial statements for each year which showa true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period.

In preparing the financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as 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 congregation’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

ApprovSE and signed on their behalf,

Date 10" February 2026

8

Meldrum and Bourtie Parish Church of Scotland

Trustees’ Annual Report (Cont’d) Year ended 31 December 2025

Independent Examiner’s Report to the Trustees of Meldrum & Bourtie Parish Church Year ended 31 December 2025

I report on the accounts of the charity for the year ended 31 December 2025 which are set out on pages 10 to 25

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006.

The charity trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiner’s statement

My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts 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 all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In the course of my examination, no matter has come to my attention: -

  1. which gives me reasonable cause to believe that in any material respect the requirements: e to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and

  2. e to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations

have not been met, or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

==> picture [118 x 59] intentionally omitted <==

----- Start of picture text -----
Signed fp IS
Date: 26 3 \26
----- End of picture text -----

Richard Christie CA Partner

James Milne Chartered Accountants 5 Bon Accord Square ABERDEEN AB11 6XZ

9

==> picture [514 x 767] intentionally omitted <==

----- Start of picture text -----
“a ot StenewHAA owlofwilelap 2.+ es x) aesS Psen‘ abers ¥ ~w <zz @ &eC
Sa 30 8 “18 2 ja} 7 | € Is g 5
pew OE Sad ‘pee eon oe Fain
gen Sal
ee PoP bm ot he hm mm oH a od ee a a
= 8 ns vt = _ ~t Ss = et < U2) =)
= 4 at ae * wy een a pe 3 a “th oe
mS “Sf root pee mn oe as = be Ca Sor
se wa = os a
gan ey wy
=
td
3. a a oe i a oe OF eel z Lj at
2x, zs'e'ls22 —_s'isi $ | @ ils |e% igi < abe
Rc 3 iy 2 RE] SB 8] & i 2 2 2
2 me ct ey
in4
3 Beam alm SS ie S |e = jf] < S| &
Son mS FE SP Q. eR 1S a |e} Z aA &
‘Eo Oo = re MO 1S > a ve me we WO eo ey
SES a caine a ox al © we io] i)
a
<
io
3
ro]
a
3
éen a)2 ine) ‘oGFwo se)KH lo=~ rmabtwy S 2os a & ’ % < R \ea
I mweS 29“nS rmrh @mhjo wt w N-}“oO= « anoiek ae“No a& ise)
5 2S nm m ATA + + ~ a ve a cae]
fea ba al ~ _ haat baal[~-) fon)Sa!
3
P|
1s)
&‘
5 + ee ee! ret m 7 ra) ~ =m le a re} oO
wd 5 nm in + +! Qo |e > | x= 3 2S
2 Eow Zs ~ — S IS a= a
t EES a an hen = ie ai =
3 SEA a
il
gS =
3
f=
Cj
=E 3 Nmawn tm!wn leea ho!oO ‘eo9 o~% rayteal wn~ & ~ <x 3 Pe)a
a] Sou Voiea a Dr o |) 8 SI. “) 2
o EEO wa on rent ww te] -) es lo) ~ ~ e Yo
s eae=a] Nn a nN a ae = a iY—)
4
3 nN en fea iw : me of =
Bia SASSm0 S18 mAnS a| 2a 18IF qaS 121ist <2 wf5 a
ee nen no oi as Sa by on Be mt s ise] a
BEREM a Vo — ALSO= ot~ od bdo os,a ~~= te]peg aa
g&
a
@
Bnd3 = A + wn i)
z
we e wr i)
omee as an) b-4=] Tae
2° 2 2 9 £ q c
ga et f&e $¢ e ¢
3cee $3 3 Be £ 3 5 t=Rn 3s € 3
& & Eos g $2 ¢ € © &€ € eet
@ 8 gzs 8PEs2 2 == ge 85se 2S && 5 &tc &¢€ &2 &
ee tras HO B &e $$ & = 8S 6 ¥
5°sal SEeP,S BD 2 Oo poe :8 £2 B2 eg i ~~5 Fn]s 5
-% SE e23t gE EEO § s= cs 3G “© €¢ 8 2 5B
ec 8 ¢5 2 5 8 £85 & Es & & g S$ = ¢ &
2s e Fas Ee =| BS oo 8 ra 8 § S i) a > E| 5 3
zs 22258,2
#3- seseiis 222,£282 223 3222 =§ 23 €# «2 22§ 2 3&
am SEavéf£be& 8206 F&F zhxs Zz Zz xe 2£ @ &
----- End of picture text -----

Meldrum and Bourtie Parish Church of Scotland

Trustees’ Annual Report (Cont'd)

Balance Sheet at 31 December 2025

==> picture [508 x 396] intentionally omitted <==

----- Start of picture text -----
Note 2025 2025 2024 2024
£ £ £ £
Fixed Assets
Tangible Assets 9 160,000 166,000
Investments 10 747,839 723,914
Total Fixed Assets 907,839 883,914
Current Assets
Debtors 11 2,804 3,476
Bank and Cash 125,979 136,468
Total Current Assets 128,783 139,944
Liabilities
Creditors falling due within one year 12 (2,661) (1,085)
Net Current Assets 126,122 138,859
Creditors falling due after one year ”
Net Assets 1,033,961 1,022,773
The Funds of the Charity
Unrestricted Fands 15
General Funds 4,251 4,450
Designated Funds 158,374 169,306
Building Funds 160,000 160,000
322,625 333,756
Restricted Funds 306,519 298,948
Endowment Funds 404,817 390,069
Total Funds 1,033,961 1,022,773
----- End of picture text -----

The accounts were approved by the Kirk Session on 10% February 2026 For and on behalf of the Kirk Session

==> picture [186 x 52] intentionally omitted <==

----- Start of picture text -----
(Nf Session Clerk
Zp: LL=__ ; “Treasurer
----- End of picture text -----

11

Meldrum and Bourtie Parish Church of Scotland

Trustees’ Annual Report (Cont'd) Year ended 31 December 2025

Accounting Policies

The principal accounting policies, which are considered material to the accounts, are set out below.

Basis of preparation

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value.

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities accounts (Scotland) Regulations 2006 (as amended).

The charity constitutes a public benefit entity as defined by FRS 102.

The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern. The financial statements are prepared in sterling, which is the functional currency of the charity.

Reconciliation with previously Generally Accepted Accounting Practice

In preparing the accounts, the trustees have considered whether, in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102, a restatement of comparative items was needed. As the 2024 accounts were prepared using the policies required by FRS 102 and the Charities SORP FRS 102 then the trustees consider that no further restatement is required for 2025.

Fund accounting

Funds are classified as either endowment funds, restricted funds or unrestricted funds, defined as follows. Restricted funds are funds subject to specific 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. Endowment funds are funds which have been given on the condition that the original capital sum is not reduced, but the income therefrom is used for the purpose defined in accordance with the 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 earmarked at the discretion of the trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees’ discretion to apply the fund.

Incoming resources

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably.

Donated services and facilities

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 is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102) 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 facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised as expenditure in the period of receipt.

12

Meldrum and Bourtie Parish Church of Scotland

Trustees’ Annual Report (Cont’d) Year ended 31 December 2025

Accounting Policies (Cont'd)

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Fixed Assets

The charity has the right to occupy and use for its charitable objects certain tangible fixed assets, including the Churches, and manses, vested in the Church of Scotland General Trustees. No consideration is payable for the use of these assets. Expenditure incurred on the repair and maintenance of these assets is charged as resources expended in the Statement of Financial Activities in the period in which the liability arises.

The buildings included in the balance sheet consist solely of the Church Hall in Albert Road, Oldmeldrum. All tangible fixed assets costing in excess of £5,000 having a value to the charity greater than one year, other than those acquired for specific purposes, are capitalised at cost. Buildings have not been depreciated as the trustees are of the opinion that any depreciation would be immaterial. This judgement is based on the opinion that the value of the church hall is mainly in the value of the site rather than the building itself and hence any depreciation would be minimal.

Investments

Fixed asset investments are stated at fair value at the balance sheet date. Unrealised gains and losses represent the difference between the fair value at the beginning and end of the financial year or, if purchased in the year, the difference between cost and fair value at the end of the year. Realised gains and losses represent the difference between the proceeds on disposal and the fair value at the start of the year or cost if purchased in the year. In accordance with the Charities SORP (FRS 102), all investment gains and losses are reflected in the Statement of Financial Activities as part of the net income/expenditure for the year.

Resources Expended

Expenditure is recognised on an accruals basis as the liability is incurred.

Taxation

Meldrum and Bourtie Parish Church is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities.

The charity is not registered for VAT and resources expended therefore include irrecoverable input VAT.

13

==> picture [514 x 753] intentionally omitted <==

----- Start of picture text -----
aeae! § Oo tle Songer! weal cates ooh hn VeCo fn oa
axol, aS Socena! |H FANSHESSa S igilp 7 elws |X Ss (8) [k
wt ~ fon Vee ae ~ foxf ww] od a 5 5
i
~ re a ob o£ b 4 £ tft eps wm XO) eae ao e@€t et ir}
S ieee %
oe |
SEA |
SS Ce romea eeeerm on ‘ ¥ ' XC O rsCd 8 oOS| aherp tfoe ChowPear soleep eos aft rmoo
2A al ce a et coe! 2 ot Pal
bse"®Se te oy oe cel
a4
2 ena tt ckS 20thePA S toanertAS tla% fAe Poein ale rr [sl][ ae] :
ot mit 5 an i! = que NE i
ents 2iFed ae
° cd!
o
KN
S 2S238on tai in eerrs i an wie aowe CALEa) Oe De
P -, £28 2wo G13 aARAANSS8a8R BES FF) SSze) fF 8 Is
9 RN in ea Oo Wt Ss ig ic o oS] les
} ss a a ~ men a a ne)
|
oie st
ZL ee boron et ao agal sof rotor eo ata equ <p ry Dl we oro agou wo “ed
ESu ool hen -
a 2BaeGaao :i i nee C
— H i
i)
& 3 anfonee ee nN aet ror PEND!~ 06 wwDie eta SRAoO tonrorme a
B5S “is “
SI 2 2 + itn crea a) ber! SS] 98 vet
jo a
Son mmG
a}
cael
o
=
an CS eenrmne::' tian 2 ot
=cs «= S C=S w [et QAARAn = a Par] So AS By & &
oe < nm OO at mst om oe cal rae bal ~. ES
£ 23Sedu un mnNN or Tmwi mW ny™ wt aoP Lenoe Sa Sa calI
~~o asiofaA
a fg
Beywn on)
cam 5samp’
"SS a
- ome¢g 3a
Es g =
Oe &§ E 2
peal Low 2
ey Ja Ee]ss Q od -~mo
EeBtn 5g » S3 § =| & 5
So =&§ 22, «< 88 BeSE 35ge iy2 ss >Las
Sentes ot onala8 wades 5goog° iy& ote223oS fa.3 Besy o 8=“ atad#& —éDQ eo 8mHo> ZsSahm 2
ymgoaf. y <=«24ot,235 =&§§ 32 EsleagegZunes8ot6 e898Be2ge1s4n©& &°E5 oe HeeseBFs£435.n ELoeefk=2g 85
~ fox Ss £€k 88 y Ess osu se Ez B33 5 6 5 BS\
25 3 eGxhets 83382582 8% FREE £258\
Ge a Omnu>asds SESEscé6oe> as aga one a
wm w& abet
— ad ~
cs é = ai io) + wi
----- End of picture text -----*

||Ge
tim
T'S}
=x
soa 4H
we &|SS Oe Ce
fF we
NM A
Fm
HA OSE SF
S5R88 2588s ARB8E °°
=
™
wae
ga"|woe
ft
|e’
2
eons|Nee
SF
2
eens|| |---|---|---|---|---|---| ||eo
$f
3
a
Eos
z 55
a|Bo
8
8
8
FF
HF
FE
F€
FSF
FF
F
FS Fr.
F
EF
#8
BF
BF
8
a|gg
a|~
a|| ||=||||| ||fa||||| ||“ss
8
Pi
a
225
EEGs
2a,°
a|2 cee
or +
a
2
ome Of eS
ee
~|rs ed
we
nm|een
“7
s
a|| |3
|
Ss
‘peed
=
o
i 2)
ve
°|oS
tics
=]
g
FS}
a
SES w
2 =
ges
=|AM Se Oo Fe SN OF
Flt
me es
-
a
=
=
5
SESkS
S5S8e
2°
8
o
~~
SON en
mal
v
—
nN|i=)
~
ax|oO
Pa
on
.
Es
=|| |5
x
|
ne
QO
£
‘gt
Ls]
Cu
eo
:
|
=
[a]
oo}
=
}
3
=
«|
aaeedg
=|RIS]
~
=
|S
S@
5 Sa
me
wy
'
Ff
i
5
Eow
Fegan
oF RS
"oS eu
s
ml
' oR
'
3
22,
2E8u
a
gi
m
ony
motte
2
3
S'R]
2
£8x|SSS828 'E¥Sese'szaee''
“AS57
SERSe
SESH
oo
mm
TAM +
COR
MN
+t
oe
a
Se
oo
i Os ie
t
'
F
€
t
#£
Ft
#
8
FF
8
8
Ff
#
#&
&
2ras
=o
tga
Seewmeoat eonyutztrornttrinmets
REEES
SSSR RS’
g
aa
tex
3|fel
5
re]
t
=
mpe
+
13
&
S
nt
a}:
i
>|bard
jg}
8
=o
oe
~
+},
2
Sal
8
5
4
Q
ont
re
o
+]
§
Ka
re)
2
oS
=
Swe
o
3
E
a
i
3
@
E
@
ic}
&
ey|wy
=| ||2
fae
Ea
3
[=|
Bw
2
>3||||>3| ||82s||||| ||eG
a
Se
8
$ Ve.
2
~~
P3
2
fe ll
s
xs
om
&
2
as
etx
9
25
gc
Zea
s4,g¢
Sd
wa
=|
Ee
8esee
=a
om
BaeSER
sa
3
mg
SOs
eo
os
= oe o §
ae
5
eGese
=
ots
I
he
2 OE 8 2
~
gf
a
SoaREs
ww
ry
ae
wa
3
2
g
& 2
2
is
< SES
42
2
g
Ss
ok
.
o
in
3
N3
Lal
oe
an|g
5
8
@
2
3
a
q
x
3
=I
3
ies
2
g
8
28
2
2
8
&
2 #8
922
2
285
2
£8
¢€
a
md
=
ral
s
B23
g=
225
2
S52
SSA
ve
azo
eee
Be223 482 SSS Gees e2 3
SSSA Se eee ashe*s Gewas
2echso di
easkereasa
an
A
Fon
‘3a
De eB
= 8
osoSSR SH oe RR
HetZGe8a
5228
sEB sus g
wa oy
Sos
Cheek
eeebss 86% Bess 8
oe
ar)
Ces SSSeek aSEEE|g
a
=
<
2
3
=
=
a
A
CP.
#2
es
ial|s
a3
a. 2
2 2
as
o
go
22
gs
pa
2 Ss
ao
ae
°
B
=
Q um
i)
8 Ew
8
ag
§
&
Leal
a
no||

Meldrum and Bourtie Parish Church of Scotland

Trustees’ Annual Report (Cont'd) Notes forming part of the financial statements for the year ended 31 December 2025

2025 2024
£ £
7. Staffcosts and numbers
Salaries andwages 4,586 4,368
Social security costs -
Total 4,586 4,368

The average number of employees during the year, calculated on the basis of a head count, was as follows:

was as follows:
2025 2024
Number Namber
Ministerial support - -
Music staff - -
Premises maintenance 1 1
— a

No employee had employee benefits in excess of £60,000 (2024 - nil)

All Church of Scotland congregations contribute to the National Stipend Fund which bears the costs of all ministers’ stipends and employer's contributions for national insurance, pension and housing and loan fund. Ministers’ stipends are paid in accordance with the national stipend scale, which is related to years of service. For the year under review the minimum stipend was £32,433 and the maximum stipend (in the fifth and subsequent years) £39,856

8. Trustee Remuneration and Related Party Transactions

During the year one trustee received reimbursement of expenses incurred totalling £5,370 (2024 - £4,988) in respect of travel expenses, telephone and Council Tax.

No trustee or a person related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year.

During the year a total of £9,529 was donated to the charity by the trustees (2024- £10,768).

9. Tangible Fixed Assets

==> picture [380 x 95] intentionally omitted <==

----- Start of picture text -----
Office
Buildings Equipment Total
Cost
At 1 January 2025 160,000 - 160,000
Additions - - -
At 31 December 2025 160,000 - 160,000
----- End of picture text -----

16

Meldrum and Bourtie Parish Church of Scotland

Trustees’ Annual Report (Cont’d)

Notes forming part of the financial statements for the year ended 31 December 2025

There are no tangible fixed assets capitalized other than buildings. Buildings are not depreciated as per the accounting policy.

==> picture [449 x 370] intentionally omitted <==

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Office| |Net Book Value|Buildings|Equipment|Total| |At 31 December 2024|160,000|-|160,000| |At 31 December 2025|160,000|-|160,000| |10.|Investments| |2025|2024| |£|£| |Fair value|at|31|December 2024|723,914|710,132| |Investments added|during|2025|at| |cost|-|-| |Investments|realized|(5,002)|(5,004)| |Realized|gain|/(loss) on|disposal of investments|167|253| |Unrealized|gain|/|(loss)|on| |investments|28,760|18,533| |Fair value|at 31|December 2025|747,839|723,914| |Investments|at cost|695,229|699,095| |Note:|Errer|in|cost|of units|for|2024| |corrected|--|previously|recorded|as| |£669,095| |The following|investments|are held:| |Church|of Scotland Investors|Trust — Income Fund|51,407|Units| |Church of Scotland Investors|Trust — Growth Fund|23,592|Units|

----- End of picture text -----

==> picture [447 x 182] intentionally omitted <==

----- Start of picture text -----
11. Debtors
2025 2024
£ £
Gift Aid Tax Refund Due 2,374 2,954
Other 430 522
2,804 3,476
12. Creditors
2025 2024
£ é
Accruals for expenditure 2,661 1,085
2,661 1,085
----- End of picture text -----

17

:

seme Ge
EF ef
ES wet ke
©
Q
A
x		 5
é
a eg
<
5
E <
= Ow
zs
S
E
.
3
2.
2S
a
FE		 wetBed
S
=
Pats
ah
ee
(8
se
 e
an
a
a
ge
18
RR
ls
Se
12
a=}
:
:
3
:
a
ml
3		 Soe
Be
Pae
om ¢R
c
ome
-
Sm
g&
3°		 2 BS
an
= > oo
o
SO
1S
i?
1b
s
 g
+
 4
rs
5
ed
a
5
E
-¥
-
2
:
S
E
Z
w
5
5
2		 .
g
5
wn
Sa
~
28
i)
an
rm
22
SS
ae
a &
oe
£83
5
g8
22
=:
Se
se
yw 2
om
Sa
a5
3
a
ge
<
Em
ws
fo &?
5 5
ma
ne @
oo
Sen
=
o
ie
2
3 a
QD we
hu
3S
as
o
>»
Ze		 24.
ma
=
2
ES
6"
8
=
:
~
:
te WN
38
ES
A
%
3
3
se.
§88
a
s&s
6&8
89%
3%
8
3
A
-<
<
<3
=
ss
©
2 on
Bf
a:
a
<_<
.
&
wont		 an
cod
5%
 g
a eliae
ao
a
‘ea
[5
mq
[R
g=
1s
"
*
tha
sa
le
1S
2
no
>
 oe
s&5
lz
ee

|

==> picture [400 x 748] intentionally omitted <==

----- Start of picture text -----
.wi22MERo aaraeSSSAGE=“ ASSS§ :S13) 2= 3aE|gSs
we OD GN oot a8 24 figzig}a8 =c * $&
“ge
a
: cn
eSes oe OS822-< _
boot
Sense® ‘a Som)a qoS&S z 3
opsE ES a S: ieed
;
4
ba
LD om 8 ; oo|
g@ os~ a oeSTErs<n! uw z ) i”|, ey
ES
s
=
, Ss S = &
= es & 3
,3 ndWG, FAKECD omen= &eA"D S ZGAS18Feaie s=fg3a | %
é < nyaaoe B08 ©Z
z
B)Sout S G : : 88 i
=S3 .]na23,ba RASSahs= Rseeoage) [(i)] alia %2a ~° i13)
238"gan e238 [3]
5 A
be
a
Pag 2888 |
2.= E,Ssox «@ aSkSCLTS , ..|
g
"3 | t ~-' 7
- “t
E E
| aS
in
a
:
. =aeS a8mnSeRSeeSFA=z | ateaSin ::
eid 2a oe
. i
oe
o : :
: SASSae Ea 3
2 8 * 5 RAHza x 1 = ce
= NMne~ ooa| ~~~ aa2Sa | aSaha)g TaE}Q ) ]||
= Ss
" Qo 2
= if) qe:
. ee : Sentre:
Nee £9
~~© [5] 20 3 : 7
ee
Eg 20 &
a
sf 5h &
Ze $F s 3 3 Q ray
1 ge B5 &§§ >is) taa
Hel,ae := P E 7 :8 A
:i : 382ae2 2& 28E§ 3 Eo
EE a :o :
33 ES z a)= ZESSE5 [oe] [ES] i E5
~3 tomcas E 2SEnRGE [me] ae3 ;
a8a3 $=nt Repes$25Essscr2982xeo>B 3 3S a 3S
ar 33Sant nmoe: Cs)“i. beBEZZEBoas SESEWH a p<Egoo54g
----- End of picture text -----*

==> picture [501 x 743] intentionally omitted <==

----- Start of picture text -----
be5 & OS aya el @ gg |e
eS a ee MP ON al A Sls
eet aes ary ey ON Sh wh me PAY
wy "eeOEOP ap osrn cewi oN cr)ey] wy New [ooaA
4E8o i “ a
fo
Boona a caineed t anon a) ¢ E oa
‘3 xt = a &
as « 4 = =
SA
feat
a2 anaut a SSPi ioO Seiin. < 1 5 a‘
= at ~ St = x
8 e SF Ss 8 a
Qoy ey
ye
ial
@ wy 1D ein mlm om te
Sset =osce ae otme anct ata! & ie] LNre\
= face OF\
|\
G:}\
3 p a £395 |g S ais\
RM we @ Ss aad en woolen ey sO Sno! 98\
Cont3 @ eBey eooo wy es eeaj a\
= a)\
By\
Lan ad yond ‘ —~ oo\
= e @ eo awe Bl 8 ey =\
ie| 2maEdayBain Q2 mhtte9 S| 2.«4 4bef5\
ma iene) S nme Sa S\
43a a a a\
& - R\
Re ~ 1 t q ' oO Wo ' i Se N\
re) By a rs a\
Bey ae\
: eg +\
Z E*\
a)\
= 2 = t eee igi: ‘ig\
Si = éot heeret ON vs]be &2\
> oN ret Oot in =]
aa
o
a
= =]
o nN AMA eo ot tes
wn Ew =" SAW as 2/8
ZB og + = te wml oO Ss
pant
5 28 re ay a
I ° ror aAYH ro le
Andrae %Sl Bn A Aad Ra; Sly
aS Zige § aan igs “|g
Se ¢ =
5 3 nan
i =}
ai °¢
a 3 on
= § wn i oO
sz os 5 § a fy
~ I z 3 a ©
re a 8 &§ => ?
as— ~~c rea Ra Q, waey rorlo
es & 28% = §we
oe, 2 ¢ a8 a3
Es S £ EOS 3 8 O -
Em = ~~8 § 6 go
Ze=ggSkcy |ow me NAAROON£825BECO> OS CLeSBs § AISankamom#33Oo 3
----- End of picture text -----

||||bes
23
2
Bx
ES
ee
#2
:
8||Se
eles
tle &
:
@ & gis
Chow
oy lS
teelels
|e=sa & SIS/S/S Sia}
(SiS
2SBS
PRESSf Sel
alal
eesya
jAeeq
= Sees
[sla
=
See
we abe]
es]a ob
>|
es
map WD
ay
os)
\
‘
o
Rles
hie
al pe
cas| SN
oy ee aed cl|Se
eles
tle &
:
@ & gis
Chow
oy lS
teelels
|e=sa & SIS/S/S Sia}
(SiS
2SBS
PRESSf Sel
alal
eesya
jAeeq
= Sees
[sla
=
See
we abe]
es]a ob
>|
es
map WD
ay
os)
\
‘
o
Rles
hie
al pe
cas| SN
oy ee aed cl|[ek
|e
is
7
a
ey
ee
ue|| |---|---|---|---|---|---|---|---|---| ||||A|||||| ||||Fae
&
<
8|8|Ww
t
FEB
co
fle
Ff
+
1S
&
"SS SASS
YS
a
5
1S
= SON ES
a
a
o
ole
fx
we aay
|e
[Sp
2
.|=
ale
faye
3]
J|,|| ||||@
2
=
Sat
so
a
é.
fal|8|pm
B | png poo,
=
oeEmm rn
f]
.
~~
aA!
:
=
1Sl
“f
aom ea
al
la
ial
eyo
\
=
ey
Ja
1s
Seen"
Nae
Nn?
Noe|[alal
[Sy
ay
ae|[a
12
|S
on
S|| |~|||@
Ex
sa
ss
E|ee|seqas ipenme =
4
3
Sala |jgese
& GWalalS [Ss]
“
ale ne,
2.
%
>
aN
S.
2
ere
ood
ie ial
€
—
bd
pal
“i
3
ov|[SiS
LyGQ
S|
|
|e
wane| OPE||S
afy
.
@\
ey
‘pam|| |:||||||||| |&
eresS
3
A
=|||. 2
28.
SESa
(BS||saavgece asses = eleicia
SSASESISESS A SSIS 35)
Sods
iagges g Alot
jocsleal
ars
S
Sl
|S Sil|[SIR]
lalel
|e Bl||S
le
1s|| ||||||||poe|| |s
=
A
0|||is
«3,
Ecta|a|ensinic 'izoazs ©
ne)
am SlKi8 ZELR x SiSlaix SQi
ne,
ate
Nn wialwiloe ole|(SIS)|is
:
=|| |i
Ew
2
c
3
e
2|||fon
5.
BR
eS
SA
&|«#|g'‘iais'|es's s alai'ls ‘lel
.
a
14S
S 8 si
(8
fs
+
tis
io%
Sos
is
18
mH
[Ae
wy TITS
.
wv
a
ol|lal
gic
14
wt|:
|:|“| ||
&
5
5
ca
|
e|||2
F
5
SS
ey
7)
S
fal|oa|=
NNS ‘ig
'
|ae tee
Ey
i
©
Se
ie
a
S| |e
nn
ied
les
a
3
2
NG
&
a]el
tl
oie
je
—
~|e
os
ocd
S|3S
>
=
>
Snr|| ||.
Zz
z||Pn
Ew
Ee
ES
2&8
E|.|OO NA st tlt
AIDS
SOnR S ABlaje ‘jk
fo
Sale
ikeae & SIS1SiS
1a}
S
Aas
[Saas
&
sao
jal
Ka
Kad
foi]
Mee pO
+t
sls
fs}
S||“lS
ia4l
jas
isis)
fa|&
18
is
ie
jis
scan|| ||Z|||||||| ||:
>
s
€
nS
aS
a
-
329
&
ee
&§
a &
a9
©)
fi
3
2A
&
~~ 3
i]
SH
mM
Pa
po
=
Ss
2
as
=
me
gg
f,
g
Es
3
2
s
5
=o
gs
ae
S$ 3
&
2||2 Fe
~BSa
3
on
=
wn
5
3B
&
¢§
¢€
&
2
E
3
OO||oo &
Sep
PLN ow
ee asia
~t © Slelols
a888l8 S583
S SeS/2 S12
VAs toes
S alricliocial
Ss
&
BS
Cin
=)
|= 15)
!
z
Famed
Ge
3
z
54
23
a)
5
ee
SY
ge HS
=
m <
9 §
3 &
3
- ee
#8
Bs
=
EZ
z #8
26
iI
a § Be
&2':
§ Ba
eos
ea S2o,e95
2
om
3
peed S25g0538a5
§
oom goa EP SS
= a
SACEZ
EASE
88
8
g
BOOS
SASe
oe ese 8
5
seer
oh
gates 88
PEE
22
ESOBER
=
85
5 8
gaz2533
€
22
2
5
See
865
86
252455
§
a@&
mon
oO
[oa|(S13)
leial
1 oO
[8/8]
ey
|
:
2%
ga
Eg
2
3
£8
a
Ks
85
ef
: 2
=
2%
Ee
Ga
22
a3
&&
Loa
sea||E
la
a
1
a
"
2
=
=
&
3
3
&
fom||

Meldrum and Bourtie Parish Church of Scotland

Trustees’ Annual Report (Cont’d)

Year ended 31 December 2025

Notes forming part of the financial Statements for the year ending 31° December 2025

15.
Purposes ofEndowment		 Funds
ScroggieCruickshankLegacies - Incomefrom thisfund is used forchurch purposes.
BarbaraThomsonLegacy - Incomefromthis fund isusedforchurchpurposes.
Anoptionmaybe exercised in the future fortheuseofthe capital fora
specific project.
InvestedFunds (1)& (2) - Incomefromthesefunds isused forchurchpurposes,youngpeoples’
ministry, ministryexpenses, maintenance ofgraves andbenevolentpurposes.
TocherBequest - Incomefrom thisfund is used forbenevolentpurposes.
SylvesterThomsonLegacy
ChurchPurposes—CapitalAccount Currentlythe capital is invested, andthe incomeheldavailable forgeneral
churchpurposes.
Anoptionmaybeexercised inthe future fortheuseofthe capital fora
specific project.
SylvesterThomsonLegacy
Deserving causes—CapitalAccount Currentlythe capital is invested, andthe income held available forany
deserving localcausesas determinedbytheKirk Session.
Anoptionmaybeexercised inthe future fortheuseofthe capital fora
specificproject.

15 Purposes of Restricted Funds

Sylvester Thomson Legacy Deserving Causes — Income Fund This fund is the income from the capital fund of the same name and is used for local deserving causes as determined by the Kirk Session.

New Church Development Loan Fund This fund was closed during 2024 following the completion of the Glebe sale and repayment of the original loan. The remaining balance of £5,070 was transferred to the New Church Development Fund Guild This fund is used for Guild purposes and is controlled by the Guild. Sunday Club This fund is used to fund the children and young persons’ ministry work and is funded by money set aside by the trustees and a share of the income from the invested funds.

Organ Fund This fund was established during 2018 following receipt of a generous legacy from the estate of late Hilda Webster for the purpose of maintaining and possible future replacement of the church organ(s). Investment income is also used to fund a new music group established in 2024.

22

Meldrum and Bourtie Parish Church of Scotland

Trustees’ Annual Report (Cont’d) Year ended 31 December 2025

Notes forming part of the financial Statements for the year ending 31° December 2025

15. Purposes of Designated Funds

Designated funds are determined by the Kirk Session at their discretion as they may see fit from time to time and are not restricted by legal definition. The designated status can be changed at the discretion of the Kirk Session.

Fabric Fund

Fabric Fund The trustees have set aside funds for the maintenance of church properties. It is also funded by fundraising events and donations. General Reserve Fund Reserve Fund Fund This is a general fund held in reserve to supplement any other congregational funds as required. Miss F. Forbes Legacy The income from the invested capital in this fund is accumulated in the fund and the capital and revenue may be used at the discretion of the trustees. New Church Development Fund Church Development Fund Development Fund Fund This fund was established during 2016 and is used to track other revenue and costs for the project which are not restricted by the New Church Development Loan Fund. Sylvester Thomson Legacy Church Purposes — Income fund This fund is the income from the capital account of the same name and is used for general church purposes.

General Reserve Fund Reserve Fund Fund

New Church Development Fund Church Development Fund Development Fund Fund

Evelyn Webster Fund

This fund was established during 2022 from a bequest of £5,000 from the estate of the late Mrs Evelyn Webster. The money has been invested in the Church of Scotland Investors Trust, Growth Fund and the income earned from this investment is currently applied to the New Church Development Fund.

23

Meldrum and Bourtie Parish Church of Scotland

Trustees’ Annual Report (Cont’d)

Year ended 31 December 2025

Notes forming part of the financial Statements

for the year ending 31** December 2025

16. Charitable Donations

The following charitable donations were made from the various funds and are shown in these accounts.

2025 2024
LocalBenevolentDonations viaMinister 1,000 -
Donationto InverurieFoodBank 2,400 2400 400
Scottish Bible Society 200 200
Meldrum ConnectPrinting 4,780 5,256
Easter& Christmas Gifts to CareHomes& Housebound 121 152
Donation to ScottishChurches Trust 50 50
Electricity, Wi-Fi&Expenses 456 496
FoodVouchers& Picnic toGo 170 183
Flowers for bereaved 262 316
Community ConnectGrants 6,801 2,310
Meldrum Parents inPartnership - 1,000
AberdeenshireHealth& Social Care 50 120
Tunes&TeaExpenses 3,421 826
19,711 13,309
From Organisations
Guild 1,000 510
20,711 135,819
  1. Collections for Third Parties

The following are in addition to the above but are not shown in the accounts as they were raised for specific purposes and not for the charity.

A retiring offering at the Harvest Thanksgiving services raised £250 for Christian Aid Scotland, £125 each to the Ukraine appeal and the Gaza Appeal.

The retiring Offerings over Christmas raised a total of £570 which was divided equally between the Leprosy Mission and The Friends of Anchor, each receiving £285.

In addition, church members involved with Christian Aid Week raised £1,035 from a sponsored walk and bucket collection and an additional £414.60 from seed box collections, making a total of £1,449.60

24

APPENDIX

FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES

==> picture [494 x 71] intentionally omitted <==

----- Start of picture text -----
|||||| |---|---|---|---|---| |2025|2024| |CFF CAPITAL ACCOUNT|£|£| |Credit Balances held at 31|December|at cost|___40| |Market Value of|Balances|at 31|December|a.|

----- End of picture text -----

REVENUE ACCOUNT

Credit (Debit) Balance at 31 December

TEMPORARY ACCOUNT Credit (Debit) Balance at 31 December

25