Dalserf Parish Church of Scotland FtNAXCIAL STATEMEN'TS YEAR EN'DED 31 DECEMBER 2024 CONGREG.4TION No: 171102 SCOTTISH CHAIUTI" No: SC 016156 . DALSLRF PARISH CHURCH CONTF,NTS Pag Trustees, Annual Report Report of the Independent Examiner Statement of Financial Aclivilies Balance Sheet Notes lo the Financial Statements 19 Appendix 20 Dalserf Parish Church Trustees, Annual Report Year ended.31 December 2024 The irustees present iheir annual report and financial slalements of ihe chartty for Ihc year ended 31 eLembcr 2024. The financial %lalcnieiits hai'e b¢en prepareLI in aceurddncc with the accounting policies set oui in he notes lo the accounts and cotnply ￿71th the General AssemblN' Regwlaiions for Congregational Finance. the Chari ies and Trusiec InN'esiment (Scotlandl tlct ?005. the Charilies Aecounts (Scotlandl Regulaliuns 2006 las amended} nd ACcoUnt￿g and Rcporiing bv Chanlie%.' Siaiement of Recommended Practice applicable to chariiies preparing t eir ac¢ounis in accordance with the Financial Rcporting Standard applicable in the UK and Republic of ￿e1alld publibhed on 16 July 2014. Objecti%'es and Activities The Church of Scotland is Triniiarian in docirine, Rcfornied in trddition and Presbyterian in polit￿. 11 God and to ￿'ork for the ad￿an¢e[ncnt of Chn'st's Kingdom ihroughout rhe world. As a nati aCknowledgL￿ a d1siincti￿'e call and duty lo bring the (IrdinanLes of rcligion to the penple in eN'ery p Ihrough a ierrilorial ministry. It co-operdtes wilh other Churches in various ecumenical bodies ill Scoila xtsts to glorify nal Church, il sh of Scotland d and bcvond. To implement thc ¢1b0￿.¢ objecti¥'es the church organi8c8 and is rcspoiisible fur thc fL7]lo￿.￿ng aciiN'iiies.' weekl). da￿Lme s¢Th'ive uf worohip, uLcasional evening 8en.ices of M'orship. b1-￿'CeklY aftemoon seTr'ices of w'orship, Sunday school. bible study gtoup. the guild. boys brigade. y￿rIS brigade, prayer meetings, choir. alpha ¢ours¢, inlcr ch*rch visit21ions, the gaihering and after school clubs. ..%chiei'emellts Ind Perfornlance 2024 has provcd to be a I'ery, busv and i'ibrant vear. Under the guidancc of our locum, Ih.. congrcgalion has been iransfom)cd into a viable 3Ctive unli with il)c introduciion of li outrcach aiid niission work. "l o help M'ith all ihese new concept.8 5 new elders wer¢ urddined in Nla hushai)d ha% undergone Pre¥bwery trdining and oftcn '..i part in the Sunda!, sen'ile as ￿'ClI as Stan churches. Nfany members pass the conuncnt ihat v'iili l)a15crfhas got 'lwn fnr ftne" aiid wc arL I. do so. Our ￿'ork in the t￿0 local priniari. schools coniinu¢s w"Ith out parinership ￿'][h the-'Mad Ministry" Thi tllany years no child has moN'ed from primary. to s￿ondary schools withoui a basic know'ledge ()f ihe Our monihlv visils 10 thc two local Care Homes aF¢ wually popular with Ihe rcsidcnls and ofien reviv forgtrotteii Iiymns and songs. -Klonthl)', evening -'Songs of Praise" have been inimduced u'ith surprising attendance from ih¢ ncighboulh(K)d. F.quall>', ur '"Pie, Pint and I'arablc" licld monthly in thc Ashgill Bowling Club h2I'c bccn received well. Nqdnl non-members aitend and this has proved I'ery Successful in "planiing the s¢¢d" of our Faith into outsiders. Our small Sundas. School is proving to be popular, both wilh ihe cknldrcn but often with thcir respective oihcr5. Some ol- thc children took part in our Nativity. Perfomiance which adds to Iheir self-Lunfidcncc in other aspec& of Ihcir b'v¢s. 'I"lic (_Tirls F4rigade I111d ilie Guild all thriving £2,700 was raised bv the guild al their annual Chti.%lJnas fayre. As usual our 'Saturday -1 eas" were a great success with almost £8.000 being raiscd. Hall. of this mvn¥y ai)es io Narious local chclrities and half to Dalscrf ChutLh lunds. W'¢ continuc to be forninaie in our siiuaiioii on the Cl deside Tourist Route as many trdvellers prefer the peace and quiet in Dalscrf to the general hubbub and queues ai t e local gardcn centr¢s. The inlroduciion of "streamed" and recorded services has proved lo be very popular with many Brit. p¢upl¥ r¢gularly followin8 us each week. The daily readings over Decctnber of Advent scripture pro popular. Once again. thc Church is ind¢bicd lo all who go the "extrd mile" lo mainlain ihe many and varied as ects of chur¢h life. Nqeiiibers are el￿Ouraged to become involved even in simple menial tasks like S￿'eepIng the floor or washing th¢ dishes. t)alserf Church's position in ihe Clyde Valley Clustcr 15 Still not determined li seem5 extraordin3ry ihai s. far the most successful church in ihe area should be Considered for closure. Kirkfieldbank and Crossford hatre form ly united, and their minisier has retired. Dalserf s rcprcscntatives will Coniinue io pul our strong c&qe beforc the tbipl¢menlation Cottunittcc. li is a very. fluid situaiion and as no fmal de£ision will be taken for over a year, "anytkn'ng ¢ happcn,." the The locum's ing in al local prii'ileged to mcans ihai lor .luisliati Fdilh. s in ihem long h and foreign particularly Dalserf Parish Church Tru5tees' Annual Report (Contd.) Year ended 31 December 2024 Financi41 Rei'ie Wilh thc large increase in mernbership and attendancc dunng 20?3. Ihe overall nornial incom has increased dramatically in ?0?4 b), 230/0. Thi"s will hai'e a positii'c knock-on cffcct in thc rcfund through the fi Aid Sysiem. l)espitc not hal'ing a fulltime minisier for l O vears Dalserf has siill paid the Mintsiry- and Nlission I ii'ing to Grow) contributions lotalling over £250,000 io ihe Church of S¢otlan(L despiie ￿eLl,1ng %'¢ry liiile in relu In !025 our possible Giving to Grow Contr5butions is sd at £52,754, just aboi'e ihe sum required io Co￿tr ihe cos1 'Minisier of W'ord and Sacramenl" I,uckn'ly Dalscrfhas received a'transilional relief.. and ihis sum has been reduc*1 to £42,452. 11 is importani to note thai Dalscrfs Icvel of income far exceeds ihe incomes of the two churches, Overtown and Crossford'Kirkfieldbank ￿'1th wlll.ch Dalserf fom)s the Cl)'de Valley Cluster. li is clear from five or six year financial staiisii¢s. that Dalserf is the financial powerhouse of ihe lusier. despite maintaining the largesi buildings. Dal.4erf is ofien sarcasiically spoken of as a "Gathcred Churc whereby ils membcrs arc not locally based bui travel some disiance for each service. This indicates a Icvcl of c iiments nol seen elsewhcrc. Our members are in aiiendance b¢cause they wani io be ihere. One N'isiting minister aimed that t￿.5 was the resuli of 'ihe veil bel￿'Cen Fleai'en and Earth being i'ery thin in Da15erf'. The closure of Dals would lead 10 Ihe immediate dispersion of ihe congrcgation lo Lanark. Carluke. la￿., Larkhall elc.. ￿'here most of i e congre¥atiDn actually liv¢. The largc regular offering income at Dalserf would be lost io the cluster wilh immediai ¥ffccl and thc Cluster as a whole would rLy4uire"central" financial assistance. quile contrdry to what was anlicipated ifj Ihc"Plan' Investment income remains buoyant with the greater part of this being added to our reserves for fu ure usc. Fund- raising has b¢en ¢.xceptional. The Saturday Teas. despile being run for fewer H'eekends, raised almosi .nno Half or Ihis was designat¢d for local chariiies. The"Open Day" rdised a fi￿her £1.6(M), H.hilsi ihe Guild broug in an amazing £2,700 in their Chn'stmas Fayre. 'I'he "l li￿ ing to Grow Coniribution of £19,967 was made up of £3.806 endowments income, plus £ bi)th paid direci io Edinburgh, plus £?4,365 from Dalserf in len equal pa>7nen¢s of £2,437. Thc remain the Vacancy Allowance. £14.306 was fonvarded io the Church of Scoiland to pay the locum mini Anderson. (in CIlLbe rent, T£ll,196was er, Rev Fiona .1 oial ineomr fc)r 2024 was £135,054 12023.. £184.9601. a decrease of £49,906 in 2024, due to a on £76.138 in 2023. off bequest of Total expcndiiure increased from £81,233 in 2023 10 £88.079 in 2024. Costs continue io be monitored sely. The resulting Surplus for the year. prior to the net gal￿$ (2023-. gal￿> on investments. was £46.975 (202 £103.727}. Investments recorded an increase in valuc of £54.864. follow'ing an increase in value of £42.553 in 2023 The overall surplu5 for the year was £101,839 (2023= Suryjlus £146.280). ID%'estmeDt Polie). and Perforni*nct Mosi of thc church's invc51menis are invcsied in the Church of Scotland Gr0￿h Fund with a lesser Iniome Fund. It is hoped that the investment capital will keep pace w'ith inflation whilsi providing thc high an inLome as possible. The in¢ome obiained (£15.0(M) approximaiel).), mainly in the Siipcnd F Watson Fund and ihe Jean MLFarlane Fund is used to offsrt ihe general expenses, as is £3,806 of End and thc Glebe rent of £600. amount in thc hurch with as d. the Nlarion 'ment income Dalserf Parish Church Trustees, Annual Report (Contd.) Year ended 31 December 2024 Risk ￿lanAgement In some w'avs it is easier to ¢rilicise the X'aliotial Lhurch for all the upheai'a] Ihai has taken place 0￿cr t rcgarding the fomiation of '"CIusi¢r5' Hoy'ei'er, it is the Ordina￿ church and its tncmbers who hai'c burdcn of all the ill feeling, the dismaN', Ihc pcrcci*'ed unfairness and insensilii'itN' of the whole process. We ￿.￿rC rcminded recently in Life and Il'ork thai Ihc Trnstees agreed th81 '"M.hcrc a church can afford',a minister tliey should be pern]ilted io call one. So It is extrcmel)" galling to b¢ rq)earcdlv reminded th.ryl nur fuiiirè is in jeopardv when wc are so financiallN' sound. Hou'eier, Èl 15 oftcn '"adi'ersiii thal spurs us on froTn the "siatus quo.. Lnde- l )alserf has bttn transfomed and is now one of (he tnost succe<8￿] rural parish¢5 in the area. l)al%ri I ￿ IJJ uwv LaLI Il" Ihere is oulside interference that denies realkty_ lTh¢ prow)sed aliernalii'e5 do not bcar criti￿[ anal>sis and in ihe N'icw f Dalscrf Kirk session, are doomal io failurc. The Cll'de I'allo. ￿.11[ become a spiriiual w.ilderness dei'oid of ali5, Chn. setilements, KLrkfieldbank, Hazelbank. Crossford. ¥etherl)urn, Ashgill. sha￿sbUrn, Garrion. Roseb ian input. N'ine alld Dalserf Ilself are to be aband()ned in thc t￿me of-"Nlission' . c lasi tw'o ycars had 10 be￿ thc Rt$ertrfS Policy It is the Tnjqtees. polic￿ to hold rLScri".cs in the CTencral Fund ai th¢ bcginning of the )'ear of approxin]at expendilurc, {£!O,WOI io allu￿ fur Lash flou" problems during thc sun]mer holida). period. ly fil'e months Ai the vear cnd ihe Church held unr'outh group. Ihc pastoral care group, th team, the fabric cortinLittee and ihe finance team. safcguardin IndependeDt Examiner .45 announced in 201 examiner of Ihe accouiiis liTri 111 1 .4 Ste￿,an & Co, charter￿ .4ccountanl. Nem. tADark. is th ..1￿ >ubseqLtenl years. independenr Dalserf Parish Church Trustees, Annual Report (Contd.) 'ear ended 31 December 2024 Reference and AdministrAtii"e Information Trustees PrincipAI Office•bearers Principal Office Tre•$urer S¢ssiun Cl¥rk Holm Road C-.rnssford Carluke Charil), No.. SCO16156 Independent Tr.xaminer C hanered Accountanis The M￿hanicS IIYork8hop l Lanark Soiiih Lanarkskn're MLI 1 9DB Bankers 'irgin Bank 43 Hamilton Road loihen&ell N'orth IAnarkshire ,KII.13DD Dalserf Parish Church Trustees, .4nnual Report (Contd.) Year ended 31 December 2024 Trustees, Responsibilirie5 in Relation to tbe FiDancial StAtemtntS The chariiy cruscees are responsible for preparingv a trustees annual rewn and financial stalemenis in applicable lam" Lnited Kingdom .4ccounting Siaudards" (Lnitcd Kingdom Gcncrally .4ccep Practicc}. cordance with Accounling The law applicable io charities in Scoiland requires the ch2rilJ lrnstecs lo prcparc financtal 51atemen ,hich show a truc and fair i'icw. ol the siaie of affairs of the charit%. and of the incoming rcsources an resources of Ihe charitN. lor that period. In preparing the fU￿ncial staiemenls. the trnstccs are required to for each }'ear application of sclect suiiable accounting W>licies arkd then apply them consistently. observe the tncthod and pnn¢iples in the applicable Chariiies SORP. make judgements and c5timates that are reasonable and Prudeni. slate w hethcr applicable a¢¢ouniing standards and staiemenis of rttommended prdciice have subject io anv departures disclos￿ aDd explainal in rhe financial 5taiemenis. prepare the financial statemenis on ihe going conccrn basis unles5 it is inappropriate lo presume will Lonlinu¢ in opcraliunal existence. en follow'e of the chan'iy and financial info congreL7alj()n s M'ebsite. Legislaiion in th¢ Lnited Kingdom go￿¢ming the prepardiion and disseTninat' sutements may differ from legislation it) other jurisdictions. ation on Ihe n of finan¢ial Approvcd by the Trustees and signed on their behalf. Dalserf Parish Church Indcpcndent Examiner's Report to the Trustees of Dalserf Parish Church Year ended 31 December 2024 I report on thc f￿anCIal sthiemenis of the chariiy for ihe year ended 31 December 2024 ￿h1"ch are set o 19. on pages 7 to Respectii'e r¢spoDsibilities of trustees and examiner The charity s Irustees are respon_%iblc lor the prepardtion ol- Ihe financial 51aiemenis in accordaiicc ￿1th Charitics and Trnsiee InNesimeni (Scoilandl A¢1 2(M)5 and ihe Chanries Accounts Iscoilandl Regul amended). e i¢nns of thc lions 2006 las Tlie cliarily trusl¢¢s Lunsider that the audil requirement of Regulaiion 10{] l (a) lo Ic) of the Accounts Rpgulations does noi appl￿. It is my rLsponsibilil)' io examine ihe fLnancial staicmcnt5 as rcquir¢d wider section 44(1 I IL ol-llie .4ci lind to stale M.heiher particular mailers have come to m%. aiiention. Basis of Indtptnd¢n¢ examiner's 5tAtement ' examindtion 18 carried oui in accordance with Regulaiion I l of the C.hariiies .4ccounis (Scotlandl R las amendedl. tln examination include8 a rc*'icw' of ihe accouniing recnrds ke￿ b). the charilN' and a LO finanLial %iaiemcnts presented with Ihose records. li also includcs cunsiderdli()n of an}. unusual iiems the fiIiaiioidl stdl¢tt)cnls and Seeks explanations from ihe trusiees concerning any such maners. undenakcn do nol provid¢ all ihe e¥'idence that w'ould be requweAI in an audii, and consequently I do audit npini()n on Ihc Yiew gii'Ln b). Ihe financial siaiemenis. gulalion.% 2006 parison (yfthe disLlosurLs In he pr(￿edurcs noi express an Independent examlner'fj statemtnt In ihc course of my examinaiion. no matter has come io my atteniion. wliich tne rcasonable Cause io believe that in any mai¢rial resp￿1 the requirements: lo keep accounting rcLi)rds In accordance wilh Seclion 441) lal of the 2W5 Act and Ri 1006 ALLounis R¢guldlions las amended), and ID prepare fin1c Iicial stalLmLiJls m.hich accord with the accounting re¢onls- atNI coinply with the 2(K>6 Accounis R¢gulaiions las amended) have noi been m￿. or lation 4 of the e&wlation 8 of lo which. in MY opinion. aii¢nlion should be drawn in ordcr to enable a proper undcrstanding f th¥ fu￿nCIal Member of the Institute occhanered Accountants of Scoiland l A Stcwart & Co Ltd C harterLI4 Accountants The Nlechanics Workshop Ncw. Lanark South Lanarkshire MLI I gDB Date '. 24 Nlarch 2014 Dalserf Parish Church Statement of Financial Activities Year ended .11 December 2024 Llnreyiricted Re5tricied LDdowmtnt Tr'unds 'unds 2024 21124 Unresiri¢i¢d Rtsiricied Tr.￿￿0￿Men1 unds Funds bund 2023 202.3 'lotal 202.1 2024 21124 202.1 Inco￿¢ 2nd endowrnenls from: l)onaiions and legacj Charitable a¢iiviiies QihLr irading activilies InvesimenL4 OihL'r 65.50J 7.170 14.847 1.633 5.726 81.983 55,965 7,716 1,7?0 2%.286 137.914 1.79.5 1.7?(1 33.531 I,47Y 2.431 37.744 27,581 4.153 6.010 2.5Y8 2.657 19.000 13J611 9.1.fy87 10.999 80.274 184,IlhO ExpeNdliure on.. 128 76.537 235 128 86.994 957 $9 6.1.947 235 I'huriiable aLIiVIIi¢S ()Iher 15.270 722 0.217 957 7?2 IMI exp¢Jidilur 76.900 88.079 64.241 1.000 111,2.7.1 Nel inromellf xpertdliurel bcfort Rains #nd In%%e8 on iDvestment4 25.785 7.8?1 13.369 4h.975 29.446 14.9931 79.274 IU3,727 Nil1108YsVgains on Investmcnts 45.(A6 2.016 7,202 54.8(A Jfi.025 1.355 5.173 42.553 Nel iNcotNellexpenditurtl .1 ran8fcr between fund.¥ 71.43] 9,8.17 101.&19 6S.471 14.1951 1.1.63111 4.195 X4.447 146.2HO Nel rnovernenl in fuNdy 71.4Jl 9.11.17 101.839 61.276 84.447 146.2HO RecoDeiliatlon of funds: Total fund% brought fvrward 611.841 119.870 169.835 901.546 550.565 119.313 85.38 7_5_5.266 Total funds LarTied forward 683.272 129.707 190,4Ufi l.(K)3.385 611.841 119,1170 169.835 901.-54 l)alserf Partsh Church Balance.Sheet As at 31 December 2024 2024 20b3 Flxed Assets Tdii&ibl¢ AsS¢ts' Ini'¢slmvnLS 4.144 611£,(A! 5.101 Toi*l Flxed .l5seiJ 089.786 600.879 Current As$e15 Debttsrs Bank and Cash in Hand 10 10.IKK) 304,349 294,417 'I'otal Current Asselj 314.349 301,417 CTcdiiors falling w]thLn one year 750 750 Yel C'urreDt Ajvts 313.599 JW.667 P*tl A5¥el$ I.￿3.385 901.546 The Fthnds of tht Ch4ri1) >.'ndownienl fund% 190.406 169.835 129.707 114>,870 I'nre%lrlcted Income funds 683 ?72 611.841 .1 olll ('harlt> FundF .003.385 Th¢ financial ststetnents M'ere approved b>. ih¢ th￿tee9 on 23 Nlarch 2U?4 and signed on th¢ir behalf by.. Dalserf Parish Church Notes to the Financial Statements l'ear ended 31 December 2024 Accounting Policies The principal accounting policies. which hai'e been applied consistentlv in the current and preceding with itctns ￿.￿u"Ch are considered material to the financial stsiemenis. are set out belo￿.. year in dealing Basis of prep#ratioD The financial Statements have been prepared in accordance N'ith Accounting and Reporting by Chariti Recommended Practice applicable to charities preparing their financial slatcmcnts in accordance wi Rcporting Standards applicable in the UK and Republic of trcland SORP {FRS102), the Charili Investm¢nt (Scotlandl Aci 2005 and the Chariti¢s accounts (Scoilandl Regulations 2(M)6 (as amended). Statemeni of the Financial s and Trustee The chariiy meets rhe definition of a public benefit eniily In tern￿ of FRS 102. The financial statctncnts hai'e been prepared on thc lll"Storical cosi basis, as modified by the revaluation financial asscts tncasured at fair value through incomc or expenditure. f cenain The financial statements are prepared in Sierling. wlll.ch is the fun¢iional currency of the cntity. Tr"und aceoullting Funds are classified as ¢ither resiricied endowment or unre5triaeAJ funds. dcfmcd as follows.. Rcstricted funds are funds subjtti io spccific requiremenis as 10 their use wlu.ch may be declared by th thcir authority or creaied through legal processes. bui sttll within ihe wider objects of thc charity. donor or with End0￿'m¢￿t funds are funds which have been given on ihe condition thai ihc original capital sum is Ihc incomc iherefrom is used for the purposc defined in accordance wilh ihe objccts of thc chan"ty. t reduced, but Unrestricted funds are expendable at the discreiion of the misiees in furtherancc of the objttts of the c the unrestricted funds are trarmarked at the discrnion of the trns¢ees for a pafiicular PUryM)se. Ihey are scparatc fund. This designaiion has an adtninistrdtii'e purpose only and docs not legally restnci the trn to apply the fund. iy. If parts of esignaicd as a ees, discrction Income Income is rcCO￿￿Sed when the ¢hariiy ha5 cntitlement to ihe fijnds. any perforniancc conditions attach of incomc have been m￿. it is probable that the income will be rettived and thc amount can be measur io the item(51 reliably. Expenditure Expenditure is recognised on an accruals basis as the liabiliiy is incurrcd. DoDAted 5er+ices aDd facilities Donated professional scrvices and donai¢d facilities arc rccogtllsed as income when ihe chariiy has item, any condition associated with the donated ilc¥n has been rn￿. the receipi of economic bcncfit fro charit! of thc item is probable and that economic benefii can be measured reliabl).. In accordance wi SORP IFRS1021 the general volunieer timc of congregaiion members is noi rccogniscd. ntrol 0￿er the the use by the the Charities Interest rtceivable Int¢r¢st on funds held on deposit is included m.hen receii.ablc and the amount can be measured reliably this is nornially upon notification of the interest paid or payable by the B3nk. y the charity,. Dalserf Parish Church Notes to the Financial Statements (contd.) Year ended 31 December 2024 Accounting Policies Tan%ible Fixed Assets The charity has thc right to occupy and use for its charitable objects cenain iangible fixed assets. inclu halls, vestcd in the Church of Scotland Gcneral Trustees. No considcration is payable for the use Expcnditure incurred on the repair and maintenance of these assets is chargcd as resources expended in financial actiiiities in ihe period in ￿.h1"ch the liabilily arises. ng ihe church, f thcse assets. c statement of All tangiblc fixed asscts costing in excess of £l.000 hal'ing a value to ihe ¢harit!' greater than one year. acquired for specific purposes, are capitalised. Depreciation is provided on a straighi-line basis to wrii initial value, less rc5idual value, of tangible fixcd assets 0￿er their estimated useful lives.. Iher ihan thosc off thc cost or Fixtures. fittings and equipment 10 years llli'e5tments Fixed asset investments are slated at markei valuc at thc balance sheei dale. Unrcaliscd gains and loss difference betwecn the market value at the beginning and end of the financial year or. If purchased difference beiwcen cost and market valu¢ at the cnd of thc year. s represent thc Ihc year, the Realised gains and105scs represent ihe diffcrence between the proceeds on disposal and the market val the year or cost If purchased in the year. at the start of Taxation Dalscrf Parish Church is recognised as a charity for the purposes of applicable taxation legislation and subjcct to taxation on its charitable acti￿.]tICs. The charits. is not registered for VAT and resources cxp include I￿¢COVerable input VAT. s therefore not nded therefore Finaucial instruments The Church only eniers into basic financial instrument transactions that resuli in thc rccognition of fLna liabilities like gift aid reccii'ablc, other debtors, Church of Scotland depogits, bank and cash and ac rCcci￿.able and other debiors are mcasurcd at the settlement amount due. Accruals are rec()gnised at price. Cash and cash equivalentq include Church of Scotland deposits and bank and ca%h. Cash is rcpr in hand and dcposits held wilh financial institutions repayable without penalty on notlLe of not tnore Q"ash cquivalcnts are FLighly liquid invcsttnents that mature in no more than three months from the dat and that are readily convertible to known amounts of ush with insignificant risk of ¢lw)ge in value. cial assets and als. CIift aid he Iransaciion cnled bN' cash han 24 hours. of acquisition 10 Dalserf Parish Church Notes to the financlal statements Year ended 31 December 2024 I,'nresiricied Restritied Endov4meTrt Funds F unds und5 2024 2(124 2D24 Lnre5tricted Restrici¢d F.ndowmeNt Fiinds Funds Tr lind% 21123 202.1 202.1 Toi#l 2024 'rotal 202.1 DonJtions and IR%*cies UITerLngs 'fax recover￿ on (Jifi Aid 48.473 14.4x4 6.647 55.1?0 15.6R4 8.633 1.320 .226 40.137 R,-Sfi2 4.751 1,060 $0.xRs Y.622 70.138 1.633 76,13 VdluL ufdonaied giMxIs Other 1.320 1.226 1.266 1.266 14.147 1.63.1 81,98.1 76.1.111 1.17.1114 Income from ¢h8rltxblf activltits Weddingtr% and Funerals Lull¢L morning% el¥ 300 12,59fi fi.870 5.72 7.616 2.h(Kl .479 7.1711 .4.726 12.8IMF 7.716 .479 Iii¢i>nie froni other IradinR Aclivliles Rcril RiiLivcd 2.431 1.720 1.720 2.4.11 2.431 1.720 1.720 Invejtrnent In¢ome 15.852 4.855 421 3.732 •.420 3.5 18.693 12.177 14.252 1.4$4 1.910 747 Ih.162 5.7R9 2,417 9.163 tkpo411 Jnieiest Conmilidaied FabriL F."und- Insurance Energy 2.588 6.1174 6.874 9.163 27.q81 4.1 $3 6.010 37.744 211.21Vtr Total 102.6XS 19.OlXI 13J69 9.1.6N7 10.999 80.274 184.960 Dalserf Parish C"hurch Notes to the financial statements {contd.) Year ended 31 Deccmber 2024 l.Hreslric¢ed Resirif led kndowmeni U￿dI Trunds Trund 2024 2nZ4 21124 Ilnre51TiCted Kestricied F.ndowment Fund$ Tr'unds Fund 202.1 202.1 Tolal 2024 202.1 Analysis of F.xpeNditure Rai4inLFiinds Offering Envelop 128 128 59 59 Charitable AiiiNiiie¥ minj4iri￿ & ML5810n All￿&110￿ Prc%byierY I)ue¥ Voluniary Addiiional Siipend Mini4ier'% I:xpLn¥e4 45,554 1.166 45.554 i.ifi 37.99J 1.2?6 37.993 1.226 $47 799 799 1.600 11.360 Pulpii Supply ()IhcT %alary ( ()41 I'abrii Eiepair¥ & Maini¢nanLe Other ilujldingi ('11st C'huTLh ()IfiLe l.xpLnscs IndepLmdenl E:xaminer'¥ l.¢es Vthcr I:xpenye 12.555 9,J65 9.0211 4.5fi5 7_SU 9,110 ?.250 11.020 1.2x8 4).0?8 4.Sh5 7.su 2.-524 R.077 7.164 2.gxo R70 2.205 7.Ih4 2.980 870 380 76,537 10.457 86.()94 6_3.(P47 1,000 0,217 Oiher DeprecialLO¥h 235 722 957 2J5 722 76.90 88.079 b4.241 1.00 ¥1,2.1.1 Suppvn coyis have noi been.¥eparaiely idenlifled the tnL8teu consider there is only one charitsble aciivity. Therefr)re, 4upIK)r¢ co$1$ rclaie wholly lo ihat activity and have not been seporaiely Identif￿d. 12 Dalserf Parish Church Notes to the financial statements (contd.) Year ended 31 December 2024 2024 2023 Staff costs and numbers Salaries and wages 12,555 11.36 There were no Nl contributions madc on behalf of staff. The average number of employees during the year was as follows.. - 2024 2023 Numb¢r umber Music Siaff Premises Maintenance No employec had employee benefits in excess of£50,00012023.. None) All Church of Scotland congregations contribute io the National Stipend Fund which bears ministers stipcnds and employer's conlnbutions f()r national insurance. pcnsion and housing Ministers. slipcnds are paid in accordance with the national stipend scalc, ￿.￿"ch is related lo y For the yw undcr review, the minimum stipend was £31,642 and the maxitnum stipend (after £38,884. he cost of all nd loan fimd. rs of service. Ive years) was 13 Dalserf P•rish Church Notes to tl]e financial statements (contd.) l'ear ended 31 December 2024 Tangihle Fixed Assets Fixtures & FittiDg5 TotAI C051 Ai l January 2024 AddiiirJns 9.574 9,574 At 31 December 2024 9,574 9.574 .4ccuniul&ied Depreciation Ai l Jc?JiuaTh. ?0?4 Charge for year 4,473 957 4,473 957 Al 31 December 2024 5,430 5,430 Ncl Ilook I'alue .at 31 L)LiLinber ?024 4,144 4,144 At 31 t)CLember 2023 5,101 5,101 'ixtures & Tr'iltin%s Total Ai l January 2023 Additions 9,574 9,574 At 31 1)ecember 2023 9.574 9,574 Acciimul&lcd Deprt¢iAilon At l J¢ll)uary )023 Charg¢ for year 3.516 957 3,516 957 Al 311)ecembcr 2023 4,473 4,473 et Ilook I'*lue At 311)¥lLnibcr 2023 5,101 5,101 Al 311)ttember 2022 6,058 0.058 All fixed assets (building%) c>f l)alserf Church are vested with the General Trustees of the Church Edinburgh. r SLoiland, Trustee remuneration and rclltcd part). transaction5 During the year, two trustees received reimbur5cmenl of cxpcnses incurred iotaling £84712023.. £ whom r¢ceived £30012023.. £300), Ihe other being the Locum re£¢ived £547. The l.ocum was pai £14,306 {2023.. £7,339) from Dalscrf funds but through the 0￿]CeS of the Church of Scotland. .2491 one of a salary of Voluntary contributions reccived during the year from itustees amountsj to £17.31412023'. £16,8 gift aid. 3} cxcluding 14 Dalserf Parish Church i Otes to the Financial Statements (contd.) l'ear ended 31 December 2024 llli'estmeuts 2024 2023 Market value at beginning of year In￿ested In year Unrealised gain / (loss) on investmenis 595.778 35.000 54.864 23.217 30.007 42,554 Market value at end of year 685.642 95,778 Investmcni at cosi 472,780 37,774 The following investTncnts arc hcld= The Church of Scoiland InN'&%tors Trnst Growth Fund Income Fund 97,319 units 2,592 units 656,974 28,668 67.370 28.408 685.642 95.778 io. Debtors (iifi .4id refund due 10,O(K) 7,000 Creditors Accruals 750 750 12. Ang1)'sis or rlet Assets bets%'een funds Gener*1 De5i2lb*ted Restricted Tr.ndoM'meDt Total Fixed Assds Ini'estmenis Currcnt Assets CU￿ent Liabilities 703 543,277 105.244 3,441 23,376 102,890 4.144 85.64? 14,349 (7501 118,989 71,417 34.798 1750) Net a5se15 11 .11 December 2024 34.048 649.224 129.707 190,406 03J85 C¥en¢ral Designated Restrirted EndoH'mellt Total Fixed Assets InvcstTncnts Cu￿ent Assets CU￿ent Liabilities 938 497.631 80.976 4,163 21.361 94.346 5,101 595,778 301.417 {7501 76,786 93.049 33.046 { 750) Net assets at 31 December 2023 J2,296 479.544 119.870 169.8_15 901,546 15 Dalscrf Parish Church Notes to the Tr"inancial Statements (contd.) Year ended .31 December 2024 13. Movement in Fund% At l January 2024 Incoming Ke¥ource5 Outgoing Resources (Jainsl {lossesl Al .11 l)ecember 2n24 Transfers Tr"ndowment Tr'iind5 I hll.741 9.094 5.734 7.635 7,162 40 171,().17 16,76() Benevolent 169,835 13,369 7,2112 1911,406 Restricled b'unds 1S.160 1,675 3(J.955 2.151 60.929 44 2,581 3,880 (6781 ,771 678 (1.7711 14.()lU 4,n?7 45,521 Youili 14amilion I lall 2,000 1,008 -180 Dalscrf RLsI()ralii)n 12.091 1,008 65,229 1111,870 1 9,1100 2,016 12(),7117 Unrestriclcd Trund5 ( ILIILral l)ulreacli I l)L'%l l)esigmAtLd I'4ibriL l)esignated %tipcnd l)esignatLxi l..Incr¥ency Sui)day School 'IIL (iuild Mr5 Jean Mul.arlai)e Memorial I'und (legaLyI 32.?96 4.982 5.187 328.372 72.506 336 10.558 8.279 493 70,754 ()gX 34.11451 4.()211 14.457 364,173 1.1.562 27.522 5,200 222,7.15 4.100 6,222 246.190 5,331 18,124 611,841 102,685 76,900 45.646 683.272 54,864 16 ¢> 4f ￿&c¢M tr4 2z Dalserf P arish Church Notes to the Financial Statements (contd.) Year ended 31 December 2024 Moverment of Funds Icontd.) Purpose of F"odow"ment Funds Income from ihe Marion Watson Fund is used for the gencrnl maintenance of Dalserf Church. Income frotn the Benevolent Fund is distribuied io suiiable p￿pIe at the suggestion of th¢ minst Purpose of Restricted Fund5 Miss Hamilton Fund - During ?013 thc Parish of Dalserf receii'ed a bequcst from thc Estate Elspeih Hamilion, the pre%'ious 0￿.ner of Dalserf Esiate. The moncy is not for church purpo administered by ihe Kirk Scssion. just lthe the Benel'olent Fund. for the benefit of ihe socially deprived member5 of thc community within the ￿undary of Dalserf Parish. ( The late Iqiss but NNill be nd financially The Youth Fund is specifically funded pris'ately bv SyTnpathetic individuals io provide finance io with the youth and aged in the parish whether they bc associatsj with Dalserf Church or noi. Christian ￿'ork The Homilton Hall Fund Ipreviously ihe N￿. Mcding Place Fund) is for the building and Hamilton Hall. aintenance of Th¢ Bus Fund is the proceeds of N'oluntary. contributions made by ihose using the Sunday Bus cover the cost of th]"s service. and is used to The Dalserf Resioration Fund has been scl up as a restricied fund to gaiher monies for the rcpai in Dalscrf village. of the old kirk Purpose of Designated Funds The Outreach Fund is io proN-ide f￿ance for reac￿"n8 oui io the community with the Christian hope that It will produce a Spiriiuai rcswnsc in the hearts and minds olsome members of the pari essage in the and beyond. The Fabric Fund is given an allocation of money at ihe be￿nn]ng of cach year io covcr thc gen of church buildings. I maintenance The Stipend Fund is invested io proyidc an income each year io offset the cost of the ministcr'5 S The Emergency Fund is io proNide immediate funds for laoe rqmirs in cxcq>tional circums unexpectLxl boiler replaceTThent, structurdl damage caused bj. high ￿'1nds. etc. nces, su¢h as The Sunday School and Guild Funds are used lor development of th&se activities respectively wi the church. n the body of The Mrs Jcan McFarlane Memorial Fund was created bv a Icgacv from the late Jean McFarlane { death in 2017. The income from this fund ￿,111 bc used for church mainienance. elder} on hcr Dalserf Parish Church Notes to the Financial Statements (contd.) Year ended 31 December 2024 14. 'oluDteer5 In cornmon w'iih all congrcgations of the Church of Scotland. the congregaiion benefits from made bv N'olunteers m.ho gii'c theLr (ime and talents M"illingly for the benefit of the Church congrcgaiional life which rcly on the contribution of K'olunteers are many and varicd and Tnu would be unable to continue were li not for the commilment shown. e contribution The areas of of the actii'i(N' 15. Collections for Third Parties 2024 20 Harnilton Churches Drop In St Andrew s Hospice Larkh211 Foodbank Popp), Scotland IL4F Benevoleni Fund Dal%erf CIirl% Bri¥adc B()v% Brigidd¢ (Oi'crtown) Maric Luric Nethcrburn Primary Dal%crfPrimary Kilbry'de Hospice Larkhall I'olunteers Christian .4id Sali'ation Army Lanark Mcn's Shed Dalserl-church Guild Arrictta Choir 355 Hamilton Churches Drop In Si Andreu. s Hospice Larkhall Foodbank Popp). Scotland RAF Benevoleni Fund Girls Brigade Boys Brigade (Ovcrtown) lane Curi¢ Netherbum Primary Dalserf Primary Kilbrvdc Hospice Larkhall Volunteers 500 160 2(Ki 250 250 500 645 245 485 5(KJ 2( 50 4.5(Xl 19 APPENDI FUN'DS HF.I,D OY BEHALF OF THF. CONGREGATIO BI, THE CHLIRCH OF SCOTLAIND GLNE114L TRLSTEES 2024 CAPITAL ACCOLNT Credit Balances held at 31 December at hisrorical cost 322 604 Markei Value of Balances ai J l Decetnber 370,009 344 802 REI'ETrilTF. ACCOlI)T Credit Balance ai 31 December The above balances arose following disp()sal of the rnanse in 2019. 20