St Michael's and South Church Dumfries The Chllrch of Scotland Financial Statements Jt For tbe Year Ended 31 December 2025 Congregation No: 080491 Charity No.. SC 016201
St Michael's and South Church Trustees. Report Year ended 31 December 2025 The Trustees present their annual report and fjnancial ststements of the charity for the ycar ended 31 December 2025. The financiaI statements have been prepared in a¢cordance with the accounting policies set out in note I to the accounts and comply with the Gen¢TaI Assembly Regulations for Congregational Finance. the Charities and Trustee Investrncnt (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (&8 amendd) and Accounting and Rq)orting by Charities: Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014. Objectfiv and Activities The Church of Scotland is Trinitarian in doctrine. Reformed in tradition and Presbyfrrian 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 acknowledges a distinctive call and duty to bring the ordinances of religion to the people in evcry parish of Scotland through a teitOrial ministy. It co-operales with other Chur¢hes in various ecumeni¢ai bodies in Scotland and beyond. Achievements and Performance St Mich&el's & South's primary function is to proclairn the Kingdom of God. We do this through our athlons in word and sa¢Tament and through the pastoral care of its congregation and thos¢ living WAthin the bounds of its parish. After the introduction of our new Minister. Rev.Gary Peacock, the main diet of worship is now on a Sunday at I1.15am. This is to ¢nable Rev.Peacock to attend to our linked charge of Irongray, Lo¢httOn and Tcrrcgles. We have a regular congregation whose numbers are slowly going up after the Pandemic of around 65-70 which rises to around 80-85 at our bi-annual Communion Services. Fellowship is held after m05t services in our hall where te coffee and biscuits are seTved to members and visitors over an inforn)al chat. We see this as an essential part of our outreach, actively encouraging visitor5 to come for coffee, whether they have attended worship or ot. St Michael's & South is designated the "Burgh" Kirk and as such host5 numerous special services throughout the year. The regulars being The Robert Bums Celebration Service and our Norwegian Connections Service which celebrates Dumfries's conne¢tion to Norway during the second world war. We are also involved in our local Gala "Guid NybuTTiS" where our minister plays an active part in the Gala Day and the church also hosts the Kirkin, of the Cornet Service which starts a week of celebTations. These celebrations mark the granting of the town's Royal Charter in 1186. We also host local dignitaries during the AllUal Forces Day service. Other services of local or national signifiGan¢e aTr held, where appropriate. We also have a regular Remembrance Service on the Sunday nearest I I, November each year and a very well attended Christmas Eve service, at which over 100 people attended in 2025.
St Michael's and South Church Trustecs? Report Year cnded 31 De¢tmber 2025 Minister Now that we have a pemianent Minister we are looking forward to stabilising the offer of worship and faith-based activities. We are also keen to work to be more attractive to our congregation and the wider parish. Kirk Scssion St Micbael's & South Kirk Session meets bi-monthly. The Session 15 responsible for the SpirituaI and Temporal affairs of the Parish. Delegated powers and responsibilities have been given to working committees.. the Way Ahead Group" tbe Finance Committee. the Fabric Committ¢e and the WoTslup Conunittee. A short note of their remit is noted below: Ahead Grou has the remit to look at all possibilities to open the Church to the community and help increase foorfall to our buildings and diversify our incotne streams. The finance Committee meets monthly to review our income and expenditure. ensuring all costs are kcpt to a minirnum while maintaining the standard our buRldings are in. and to authorise work in between Kirk Session meetings within the financial controls set by the Session. The Fabric Committee to look after the buildings of the charge, being the Manse (QUntIY rented out), the lesseT I[1 (forn)erly The Men's Club). the main hall and the Church itself. The Worshi Committee helps when pulpit supply 15 not available and may be able to cover our new mirjister's holidays, therefore. cutting the cost of Pulpit Supply during the year. These committees are in place primarily to support the work of the minister in his duti&s with his much-enlarged parish. Additional meetings of the Session can be called as and when required and is called by the Session ClerL The Session overse¢s the production of the Kirkgate Magazine and the News from the Pews newsletter. Kirkgate News is posted to all families listed on our Communion Roll and News from the Pews is designed for the worshipping congregation and is given to each MeMr in attend8nce at church.
St Michacl's and South Chureh Trustees, Report Year ended 31 December 2025 Grou and Or anisation Tbe Sunday Club is for young people aged three and above. The Sunday Club has been tive throughout 2025 during school temi times and is supported by a dedicated band of volunteer teachers under the leadership of Dr Ruth Thomson. The Club put on their annual Nativity play in December and also are part of the weekly service until they head oifto the hall to learn about the WOTd of God at a level of understanding appropriate to their ages. Thanks must go to the parents and grandparents who bring their young people week on week. The Junior Choir continues to rehcarse in the Church on a fortDighily basis. Numbers throughout 2025 have grown sligbtly and they take part tn service5, where appropriate, along with Diva Voice who support special services and oi ' Light Up A life switch on night. The Guild Continues to hold meetings on the second Monday monthly during their session and have an active syllabus. St Michael's & South Burns Club m¢¢t monthly and continue to celebrate the work of the National Bard. A special service is held amiually in the ChuTch followed by a wreath laying CmonY at the Mausoleum in which Burns and Jean Armour's bodies are interred. The original grave and the Mausoleum are visiied by people from all over the world. The Bible Study Group meet in the Church Office on the third Tuesday monthly. Passages from the Bible are discussed and different views put fonvard in a safe place. The Choir tskes part in OUT Sunday Service5 and enhances the signing to the glory of God. Under the leadership of our exceptional org&nist Simon. The choiT would welcome new members. Fellowship Team - Tea, coffee and a cake is a very important part of our Sunday gathering. Ethel who has co-ordinated this vitaI service has Stepped down placing fellowship in the hands of Flower Arrangcrs- A very small, but dIcated, team work week on week to ensure flowers are in church. Most weeks members of the Parish donate to the cot in memory of a loved onc or a special personal occasion. Our flower calendar is ably looked after by Jean. Church Visitors - Under the organisational skills of Richard and with the support of a team of volunteer5, we continue to open the Church to visitr)rs of the t(Trwn. People from all over the world travel to Dumfries for Bums. the Norwegian connection and other farnily ties. During 2025 a Graveyard Tour w85 developed and has been delivered by our Development Officer and another tcaTll of volunteers and will continue in the years to come. D¢v¢lopment Officer- In December 2023 the Ktrk Session agreed to invest in an 18-month contract for a Development Offjcer. The role began in February 2024. The session in July 2025 agreed not to continue with the Tole and the position ceased at the end of August 2025. The momentum started by the Development OffiGer since then has been picked up by the Elders.
St Michael's South Church Trustees, Report Year ended 31 December 2025 Financial Revieiy The Finance Committee has worked hard to keep an eye on income gen¢rated and costs, The r¢view for 2025 makes harsh reading due to work that needed to be c8ryied out to the steeple which we could not wait for grant applications to help with the cosL The continuing decrease on giving and the major increases in utilitie5 has Tesulted in a substantiat reduction in our reserves. The Session are awar¢ of the now urgent need to redress some of the one-off expenditure that has occured over the past two yeaTS. During the year under r¢view. tncoming Resources decreased from £152,672 to £77,002, a deereose of around 49.5 %. However, last yeavs incoming resourses did include three bequests totalling £70,967. Risk Mana cmellt In a volatile economy there is an on80ing threat to our overall financial performan¢e. However. the Kirk Session strive to reduce risks and has instructed the Finance Committee to meet rnonthly and keep a very strict review of costs and income against the budget they approved at theiT December meeting. Thi5 will include the Development Officer's cost. Members are encouraged to attend on a regular basis and give to their church along with an annual call to review givings and increase, where p)ssible. The Church activities at the prescnt time expose it to little in the WAY of financial risk. It has no credit risk nor liquidity risk and whilst it is subject to interest rate risk. the sums involved are in no way matuial. Reserves Polic The Charity Trnstees have considered the reserves requiTed and have taken into account their current and liabilities. It is the Trustees. policy to hold reserve5 of at least 6 months expenditure including designated funds. At the year end the Church held unrestricted funds of £120,012 of which £461 had been designated for the Guild and £2,497 had been designated for the Burns Club. The remaining balaure of£l17,054 represents about ten months of th¢ 2025 level of expenditure. 2025 expenditure did include one-off costs including a boiler TeplacenwiL roof repairs and a major organ service. The church also held £11227 of restricted ndS and £2,773 of endowment funds which have been provided foT the purpose5 specified in No* 14.
St Mieh2el's 2nd South Church Trust¢e5' Report Year ended 31 Decembcr 2025 Structur Governance and Mana ement The congregation is a registered charity in Scotland under charity number: SC 016201 and is adrninistered in accordance with the tern]s of the Deed of Constitution (Quad Omnia) and is subject to the Acts and Regulations of the General Assembly of the Church of Scotland. This was updated in November 2024 to the Fomi of Unitary Constitution. Members of the Kirk Session are the chaTity trustees. The Kirk Session members are the elders of the church and are chosen from those members of the church who are ¢onsidered to have tbe appropriate gifts and skills. The Interim Moderator is not a member of the Kirk Session but acts a5 a chair or moderator and is appointed by the Presbytery. The Kirk Session m¢ets quarterly as per schedule and can and does meet more frequently as and when deemed necessary. The Kirk Session 15 responsible for the spiritual and tempornl affairs of the congregation. Certain responsibilities have been delegated to the Fabri¢ Committee and Flnance Committee. The Fabric Committee was amalgarnated with the Way Ahead Group in December 2023 to ensure the fabric work of the Church can continue.
St Mi¢h2el's and South Chur¢h Trustees, Report Year ended 31 Deeember 2025 Referenc¢ and Administrative IDforn)ation Trustees Audrey Brown. James Carnocban, Douglas Dawson (retired Sept 2025). Donald Durrant (retired Nov 2025), George Erskine (died Jan 2025), George Ferguson, George Galbraith (retired Jan 2025), Elizabeth HaiDin& Janet Henderson, William Howat. Ethel Inglis, Jean Johnstone, Christine Mcclymont, Craig McEwen, Graeme McIlorum, William Milven. Anne Moffat, Rena Murray, Esther Preston, Richard Reade, Heather Reilly, Andrew Trotter, Roy Watson, Fiona Watson, Joan Wright. PrAneipal Offi¢e-bear¢rs Minister.. Gary Peacock Session Clerk: Esther Preston (to June 2025) Session Clerk: Audrey Brown (from June 2025) Chur¢h Tr¢asurer.' Craig McEw¢n Principal Offiee St Michael's and South Church St Michael Street Dumfries DGI 2QF Church Office 25 Castle Street Dumfries DGI IDL Charity Registration Number Registered with Officc of Scottish Charity Regulator under number: SC016201 Independent Examiner Craig Paterson. B.Com CA Farries Kirk & McVe8n, CA Dumfries Enterprise Park Heathhall Dumfries DGI 3SJ Banken Bank of Scotland 91 High Street Dumfries DGI 2BN
St Michael's and South Church Trustees, Report Year cndcd 31 Deeember 2025 Trnstees? Responsibilitlcs in Relatlon to the Financial Statements The charity trustees aTe responsible foT preparing a tTUStees' 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 ststements for each year which show a true and fair view of the state of affairs of th¢ chaTity and of the incoming resources and application of resources, of tbe charity for that peLiod. In preparing the financial statements, tbe trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the method and Principles in the applicable Charities SORP. - make judgements and estimates that are reasonable and prudenl. - state whether applicable a¢¢ounting standards and slatements of recommended practice have been followed, subject to any departures disclosed and explained in the fInancial statements. - prepare the financiaL statements on the going ¢onGern basis unless it is inappropriate to presume that the charity will continue in operational existence. The trustees are responsible for keeping proper accounting records which disc105e with reasonabl¢ accuracy at any time the financial position of the charity and to enable them to ¢nsure that the rinancial statements comply with the Charities and Trustee Investment {SGotland) Act 2005 and th¢ Charlties Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the ch8rity and hence for taking reasonable steps for the prevention and detection of fraud and othtr irregularities. The trustees arc responsible for the maintenance and integrity of the ch81ity and financial inforniation on the congregation's website. Legislation in the United Kingdom governing the preparation and dissemination of financial ststements may differ from legislation in other jurisdictions. Approved by the TTUStees and signed on their behalf, A Brown, Sessioll Clark Date: 27 Mareh 2026
St Michael's and South Chur¢h Independent Examiner's Report to the Trustees of St Michael's and South Church Ycar ended 31 Dee¢mber 2025 I report on the accounts of the charity for the year ended 31 December 2025 which are set out on pages 9 to 17. Respective respon5ibiliti¢s of trustee$ and a]ner The charity's trus¢e¢s are respoDsible 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 (a5 amended). The charity InJ5tees 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 AGt and to State whether particular matters have come to my attention. Basis of indep¢ndent examiner's statement My examination is caled out in accordance with Regulation I l of the Charities Accounts (Scotland) Regulations 2006 (as amended). 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 consideTation of any unusual item5 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 requtred in an audit, and consequendy I do not express an audit opinion on th¢ view given by th¢ accounts. Independent ¢xaminer 5 StatCJll¢Dt In the course of my examination. no matter has come to my attention which gives me Tea50nable cause to believe that in any material respect the requirements: - to keep accounting Teeords in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations (as amend), and - to prepare accounts which accord with the accounting records and comply with Regulation 8 of tbe 2006 Accounts Regulations (as amended) have not been met, or to whicm in my opinion, attention should be drawn in order to enable a proper undeTStanding of the accounts to be reached. Name.. Craig Pate on, B.Com CA Professional QualificationlProfessional Body: Institute of Chartered Accountants of Scotland Address.. Farries, Kirk & mevea CA. Dumfries Entery>Tise Park, Heathhall, Dumfries. DGI 3SJ. Date: 27 March 2026
St MichaeI's And South Church Statement of Fillanckal Activities Year ended 31 Doe¢mber 2025 Unre51ri¢¢ed Restricted Funds Funds 2025 2025 Endowment Funds 2025 Notc Totsl 2025 Total 2024 Incom¢ and endowments from.. Donations and legacies Charitable activities Other trading activities Investments Other Total Income Note 59.748 4.242 5.085 5.062 581 60.329 4,242 5,085 132,489 2,402 7,626 8,542 1.613 265 .020 1.000 846 Expenditure om: Raising funds Charitable a¢tivities Other Totsl eJpenditllr¢ 123 146.235 123 147.407 223 169,lJ2 699 146,358 473 147.530 169355 Net incomel(expettdlture) before galDS and losses 04 invcstments -71.222 147 547 -70,528 -16,683 N¢t gain51(losse$) on In5(ments Net ineOmel(expendlre) 147 547 -69,427 -15.481 Transfers between Funds 20 -20 Not movement In funds 147 527 Roeonelllgtion of funds: Total fimds brought fonvard Total funds earried forwArd 190 113 120011 11080 246 20) 439 134011 218920 203 439
St Miehael's and South Chllr¢b Balance Sheet at 31 December 2025 UNr¢stri¢tcd Fllnds 2025 Restritted Endowm¢nt Funds 2025 Totol Funds 2025 Totsl Fund5 2024 2025 Note Flxed A55ets." Tangibl¢ 2SS¢1$ ItLve5tsnents Totsl Fixed Assets 15.374 15 Currcnt Assets Debtots Ca%h at bank and itt hand Totsl Currtnt A55¢ts LIAbllitles Crcditor5 falling due within one year r4et Current Assets io 15,000 l5.OQO 104 2.773 97 2,773 119597 10,000 196 689 206,689 105,597 J 1227 960 li 104 6J7 27 960 118638 906 205,783 CTeditOTS falling duc after tnore than onc aT Ntt Ass¢t5 li 120 011 27 134011 220 056 The fund5 of the tharity". Endowm¢nt furtds R¢stricied income funds Unrestrieled income fvnds Tothl thirity funds 12 2,773 2.773 1.227 120011 134011 2.246 11.OBO 190 113 203 439 11.227 120011 120011 11227 773 The accounts were approved by the trustee$ on 27 March 2026 and Signed on th¢ir behalf by.. G Peacocl Minist¢r C M¢EWe Trwurer io
St Michaells and South Church Year ended 31 December 2025 Aceountin% Policies The principal Accounting policies, which have been applied consistently in the current and preceding year in dealing with items are considered material to the ac¢ounls. are set out below. Basi5 of preparatloD Th¢ financial statements have b¢¢n pr¢par¢d in a¢¢ordan¢e with Accounting and Reporting by Charitics: Statemcnt of Recommended Pra¢tic¢ appli¢abl¢ to charities preparirtg their accounts in accordance with the Financial Reporting Standards applicable in thc UK and Rcpublic of IrelBnd (FRS102) i65ts on 16 July 2014 and the Financial Reporting Standard applicablc in the UK and R¢public of Ereland (FRS102), the Charities and trustee Investment (Scotland) Act 2005 and Ihe Charities accounts (Scotland) Regulations 2006 (as amended). Fund aCCDUlltin Funds are classificd as either restricted funds or unrestricted funds. defined as follows. Reslri¢l¢d funds are funds subject to specific requirements as to their use which may be declared by ihe donor or with their authority or created through Icgal proccsse5, but still within the wider obje¢ts of th¢ charity. Endowmerti funds are fund5 which have been given on the condition that the original capital sum is not reduced. but the income there from 15 Used for th¢ purposc defined in ac¢ordan¢e with the objects of the Charity. Unrc5tri¢t¢d fund5 are expendable at the discretion of the trustees in furthcrance of thc obje¢t5 of the charity. If parts of th¢ unrestricted funds ar¢ earmarked at the discretion of the tru5te¢s for a particular purpose. they are d¢signat¢d as a s¢parate fund. This designation has an administrative puipose only and do¢s not legally restrict th¢ trustees, discretion to apply the fund. Ineomin% resollrees Income is recognis¢d when th¢ charity has ¢ntitlement to the funds, any performance conditions attached to the item(s) of income have been met. it is probable that the income will be re1ved and tlie amount can be measured r¢liably. Donatcd services and facilities Donated professional services and donated fa¢iliti¢s are recognised as ineomc when the charity has control over the item. any Conditions associated with the donated item have been met. the Teceipt 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 ChIlLeS SORP (FRS102) the general volunteer time of ¢onEreEation memb¢rs is not r¢cognised. On receipt. donated professional s¢rvices and donated facilities are rccognised on the basis of the value of the gift to th¢ charity which 15 the amount the Charity would have be¢n willing to pay to obtain services or facilities of equivaIent economic benefit on the open market. a corresponding anjount is then Tecognised as expenditure in the period of receipt- lllterest rccelvnble Interest on funds held on deposit is included when t¢ceivable and the amount can be measured reliably by th¢ Charity. this is noMllY upon notification of the interest paid or payable by the BEnk. li
St Michael's and South Church Yesr ended 31 December 2025 Fixcd A55ets The charity has the right to occupy and use for its charitable objects certain tangible fixed assets. including the Church, halls and manse. vested in the Church of Scotland G¢n¢ral Trustees. No consideration is payable for the use of thesc assets. Expenditure incurred on the repair and maintenance of th¢se assets is ¢harged as resoutces exp¢nded in the Statement of Financial Activities in the period in which the liability arises. All langible fixed assets having a value to the charity great¢r than one ycar, other than those acquir¢d for specific purposes, are capilalised. Depreciation is provided on 2 straight-line basis to Write off the cost or initial value,1¢55 rc$idual value, of tangiblc fixed assets over their estimatsd useful lives.. Fixtures, fittings and offic¢ equipinent 10 Years Investments Fixed asset investments are staled at market value at the balance sheei date. Unrcalised gains and losses represent the difference between th¢ market value at the beginning and end of th¢ financial year or. if purchased in the year, the difference between cost and market value at the end of the year. Realised gains and losses represent the difference between the procceds on disposal and Ihc market value al the start of the y¢ar or cost if purchased in the year. Taxation St Michael's and South Church is recognised as a charity for the purposes of applicable taxation legislation and is therefore'not subject to taxation on its Charitable activities. Thc charity is not regist¢red for VAT and resources expended therefor¢ include irrecoverablc input VAT. 12
St Michael's and South Churcb Notes forming part of the financial statements for tbe year cnded 31 December 2025 Unrestricted Rc5tri¢ted Funds Funds 2025 Endowment Funds 2025 Tot41 21125 Total 2024 2025 l DonAtSon$ and Lcgacie Offering5 Tax re£overcd on Gift Aid Legacies Value of donated good$ 50.297 3,940 581 50.878 3.940 46.535 10,Doo 7Q.967 250 5.511 581 132489 Income from donation5 and le8acies wa5 £60,329 {2024 £132,489) of which £59,748 was unrestriGtcd {2024 £131,855) artd £581 w&5 rcstricted (2024 £634). Other donations in¢ludes Tea & Coffees £1.168.17. Light A Life £2,740.34. Guild subscriptions £288 and Burn$ Club subscrtptions £420 and retiral collections totalling £894.62. 2 Intom¢ from eh#ritable actiwities W&ldings, baptisms aod funeTals Coffee mornin8s. rag bags e¢¢ Guided tour5 Donation5 for ¢haritie5 Other 910 910 510 76 1.34B 468 2,636 696 2,636 696 42 In¢om¢ from charitabl¢ a¢tivities was £4,242 {2024 £2.402) of whleh £4,242 was unrestricted (202, £2,402} and £Nil was r¢strtckd {2024 £Nil). 3 Ineotho from other trgdlng #etlvltles Rent received- H8]Is Rcnt rcc¢ivcd- Man5C 980 980 4.105 810 6.8 16 Dividends reccived DeposÉt intCT¢5t 5.062 265 265 1020 46 Total InvtMent incom¢ was £6,346 (2024 £8542) of whi¢h £5.062 was unrc5tri¢ted (202 £7,035), £1,020 Iv8s from Endowment Funds (2024 £1,040) and £265 was r¢striGted12024 £4671. S Other Income Oih¢r 1.000 her InMe was £1,000 InsurancB ¢tolm for roof. (2024 was £20 survey incom¢ and £1.592.95 ratcs refund). 13
St Miehael's and South Church Not¢s forming part of the financlal s¢atsm¢nts for thc ye4r ¢nd¢d 31 Do¢ember 2025 UDrcstrlcted Restricted Fund5 2125 Endowmtnt Flliids 2025 Total 2025 Total 2024 Z025 6 Analysi5 Dr ExpeDditurc Raising Funds Investment Mart88er's Fees Offtting Envelop¢s 123 123 123 123 223 223 ChiritAbl¢ A¢tiviti¢s Ministries & Mission Allocation Presbytery Dues Voluntory AddStional Stipend Minisi¢r's Expenses ministeri Assist8nC¢ Pulpii Supply Other Salary Costs Fabri¢ ii¢pairs & Mainienance Council Tax Other Buildings Cos Church office Expens& Organ & Music Charitable Donations Oth¢r Bxpenses 43,446 1,360 43,446 1,360 27,363 1.072 1,309 1209 1.060 31,073 15.027 598 23.235 6.567 16.073 676 5.811 146235 1,060 31,073 15,027 598 23,235 6.567 J6,073 676 6.983 147.407 5.698 33,962 65,468 22,334 4,383 2,931 468 699 699 473 473 169 132 Totsl 146358 699 473 147530 169355 Support Costs have not been 5¢parat¢ly iderttified as the trustee5 consid¢r ihcre is onlyonG ch8ritabl¢ activity- Therefore 5UPPOrt costs relate wholly to that artivity and have not becn separal¢ly identifjed. Expenditure on charitable activities was £147,40712024 £169,132) of which £146.235 was unrestricted (2024 £167.910). £473 was from Endowjnent Funds12024 £473) ond £699 wa5 restricted12024 £749). Fabric Repairs & Maintenat)ce costs include- varfous boll¢r services & repairs £2,096.64, Mcn5 Club Wdter boiler & ia)slallation £454.12. new main hall boilcr £1,941.60, fire extinguisher serviGe £80.52. PAT te51in8 £92.00, gardenin8 expenses £141.97, light bulbs £22.99. chandelier £45.6Q, light winder£380.50,cleaning materials £745.57, rails for walkway £44.97. Steeple in5PeCtion (NARRO) £2.340. mi¢Tophone socket rcpairs £49.20, mansc skip hire & sharèj expenses £1.480.63, key cutting & padlocks £20.56, ¢hair for vestry £89.97, tOllT ¢xpertses £262.08. plastcter£360, ioofin8 works £3.500.Jolttery workg {H Keir) £567.60. Main hall decoration £100, vestibule painter £150, Mens cltsb removal cost5 £60. 14
St Mieha¢l's And South Church Iyotes forming part of the financial statements for tbe year ended 31 December 2025 2025 2024 7 Staff costs and nurnber5 sarles and wages Soctal security costs 26,377 30.337 3.625 The average number of employees during the y¢ar wy5 as follows.. 2025 Number 2024 Number Ministert?1 sUPPOrt Music staff Premises maintenan¢e Development officer No ¢mployK had ¢mploy¢e b¢fits in ¢x¢e55 of£50.000 (2024 Th11). All Church of Scotland congregations contribute to the National Stip¢r2d Fund which bear5 the costs of all minist¢T5' stipends and employer's contributions for national inSLLrance, pension and housing and loan fund. Minxsters, sripends are paid in accordancc with the national stiprnd sFale, which És rclatcd to years of sthvice. For thc year under review the minimum stipcnd wa5 £32.433 and thc Maximum stipend lin thc fifth End subsequent years) £39.856. 8 Trustw Rernuneratioth #nd Rditsd Party Tr8n8attlons Durin8 the yearthe Minister had £l.308.84 travel expenses paid on thelr b¢half (2024- £Nill. No tnjstec or a pejson related to a trustee had any personal interest in any contra¢1 or transaction ent¢red into by the eharity during the year. During the year a totsl of £10,000 was donated to the congregation by trustees. 9 Investments 2025 2024 Market valuc at 31 December 2024 Unmli$ed gain I (loss) on investmet M8rket value at 31 DecembEr 2025 14.273 13,071 Investments at cost The following invt5tm¢ni$ are h¢ld: 2180 units Unit Trust Fund Church of Scotland Invc5tor5 TTI 33 ujuts Income Fund Church of Scotjand Investors Trust 15
St Mi¢hael's South Chllreh Not¢s forming part of tbe financial statements for tho ycar ended 31 Decembcr 2025 10 Debtors 2025 2024 Oift Aid Tax Refu[ Duc Other Is.000 20,000 11 Credltors 2025 2024 Accruals Creditor5 960 840 66 906 960 12 Anllysts of Net Assets Amollg Funds GenerAI D¢slgK8ted Rc5tri¢t¢d Endowm¢nt Totgl Ients Curient Assets Curtettt Liabilities 15,374 101346 1960) IS J74 119.597 1960) 3,251 1.227 2.773 Net 8sset$ ht 31 Dtc 202$ 116760 134011 13 Volunteers In ¢ommoo wittx tongrtgalions of thc Church of SGotland the congregation benefits from the contribution made by volunteers wlio give ihcir time and talcnts willingly for the bcncfit of the Church. Thc areas of congregational lif¢ which rely on the contribution of voluntceTS arc Many and varied and much of th¢ tiVIty would b¢ unable tts continu¢ were it not for the commitmeiit showll. 16
St Michael's alld South Cbureh Notcs foTJlljll¥ Part of the financlal statements for the year ended 31 December 2025 14 Movernents Funds At I JsnuAry Incoming 2025 Rcsollrces Outgoittg Resour¢es At 31 Dcc 2025 TrnDsftrs Endowm¢Dt fvods Miss NÈmmo Fund McLellan Trust Fund 538 33 987 .20 551 -473 -473 -20 R¢strleted fllnd$ Sunday S¢hool Fund B¢n¢voleTrt Fund Flower Fund George Henderson Trust Fund 1.229 4,115 220 49 98 366 132 846 -70 1.208 4,214 157 -629 -699 11.227 Unrestrleted fun41s Desi8nated Fabric Ftsnd De5ignal¢d Guild Fund J)¢signated Burns Club Fund Special ReseNes Fund General Fund 6205 8.346 461 694 2,497 699 168.632 4,029 61 12318 68 190.113 -15,027 .769 .150 10,000 20 -200 -80.000 9.524 406 1846 92,661 14.574 120.011 -130412 -146.358 Totgl funds 203 439 -147 530 13401I Pur oses wm i Fund Miss Nimmo Furtd: Th¢ incom¢ from this fund is transf¢rr¢d to the Guild. MoL¢llatL TTU5t Fund.. Th¢ incom¢ of thts fijnd is split bctw¢¢n th¢ Benevolent Fund and Dumfrtes Academy. ses of Restricted Fund SuJ]day School Fund.. This fund is used for any ?dditio#al fundinB requircd by the Sunday Sehool. Benevolent Fund.. This fund is used to provide gifts and support to churGh memlxrs in nccd. Flowcr Fund.. Thi5 fund is used to provid¢ flowers for th¢ church. Gtsjrge Henderson Trust Fund.. Th¢s¢ funds are availableto aDyone ttaining towirds the ministry. osc rabric Fund.. The Trustees have set aside funds forth¢ maintenance of the ¢hur¢h property. Guild FuThd.. Thi5 fund 15 used for the general running of the Gtjild and 5UPPOrting ¢haritable projects. Bums Club Fund.. This fund is vs¢d for the gcneral running of the Bums Club. Spccial Re5¢rves Fund.. Th¢ Trust¢¢s have set a5id¢ funds to meet uncxpc¢t¢d expenses. G¢ncrEI Fund- This fvnd is us¢d forthe gen¢ral day io day running of the Church. 15 Collettions for Third Partles 2025 2024 Earl Haig Fund rirst Ba5c Ag¢n¢y Swtti5h Bible S¢xi Chri5tiart Aid Malawi Appeal 129 223 156 246 15 309 676 468 17