## **The Church of Scotland** ## **Belhelvie Parish Church** ## **ACCRUED (SORP COMPLIANT) ACCOUNTS** **Congregation No: 331953** **Charity No: SC016387** **SORP accounts** **Year Ended 31 December 2024** **Belhelvie Parish Church Scottish Charity No SC016387 Year ended 31 December 2024** ## **Trustees’ Annual Report Year ended 31 December 2024** The trustees present their annual report and financial statements of the charity for the year ended 31 December 2024. 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 published on 16 July 2014. ## **Objectives, Activities and Achievements** 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 acknowledges a distinctive call and duty to bring the ordinances of religion to the people in every parish of Scotland through a territorial ministry. It co-operates with other Churches in various ecumenical bodies in Scotland and beyond. This year was similar in many ways to the previous years with the exception of our minister announcing he would be stepping down in February 2025. A regular Service of Worship was provided each Sunday. Typically our live services were attracting 50-60 people and our recorded services a further 60-70. The All-Age service in The Forsyth Hall on the third Sunday of each month has continued to be well received. Sunday School continued to meet on the first Sunday of the month and is staffed by a small team of trained volunteers on a rota basis. The Welcome Team provided hospitality during or after Sunday services, giving valuable opportunities for fellowship. Special services were held for Maundy Thursday and Good Friday, shared with Ellon Church, and we had our usual Founders’ Day service in February, World Day of Prayer service in March, Memorial Service in May and our Elders’ Service in the early summer. Our Remembrance Day Service was well attended and Christmas, as ever, was a busy spell with our Christingle Service, Bon Accord Brass Band Service, Balmedie Leisure Centre Service and Watchnight Service. Six services observing the Sacrament of Holy Communion were held during the year. Two Praise night services were held jointly between Ellon and Belhelvie Churches, the first in Ellon in June and the other in Belhelvie in September. The House Group met through the winter and early spring but the Kirk Club was to wind up after 20 years. A group for people interested in exploring faith, the SNAP group, began to meet monthly in the hope that some may move on to become members. Mainly Music – our parent and toddler class – continued to be very well attended and maintains a waiting list. The Guild continued to be a focal point for learning, fellowship and service within the congregation with a varied program of activities and provision of fundraising soup lunches. Our small prayer group continued to meet in person. Twice monthly services were arranged for Crossreach Balmedie Care Home, involving local ministers and volunteers. Page 1 **Belhelvie Parish Church Scottish Charity No SC016387 Year ended 31 December 2024** ## **Trustees’ Annual Report (continued) Year ended 31 December 2024** ## **Objectives, Activities and Achievements (continued)** Our Monthly Coffee Haven café, run by the Pastoral Care Team, and Men’s Breakfasts continue to be well supported. The revamped Social Committee continue to provide a good range of activities throughout the year, bringing church and community together and raising funds for the church. A group called ‘The Golden Girls’ is active to draw the women of the congregation together for social activities. Our new Safeguarding Convenor continues to do a good job of ensuring compliance with the appropriate regulations, and the Finance team co-ordinate well in the oversight of church finances and accounting. A new mission partner was appointed. The Friends Group of Balmedie House provided monthly entertainment for the residents and held a Crossreach Week in September. The number of groups hiring The Forsyth Hall and Annexe continued to grow steadily this year, bringing in regular valuable income. The Hall Convenors have settled into the role well and have streamlined the administrational management for our external lets. Our suite of buildings and our glebe have continued to be well managed and maintained by a group of capable church volunteers. ## **Financial Review** The General Fund income in 2024 was £77,735 (2023 £79,471) and is made up as follows: - The membership remained the major supporters of the Church through their commitment and contribution, with £55,861 (2023 £56,821) being contributed via recorded contributions. A further £5,018 (2023 £4,675) was received by open plate offerings. - Donations in the year amounted to £nil (2023 £910). - In 2024 tax recovery totalled £10,531 (2023 £13,012), plus there was an additional £nil (2023 £199) relating to interest received on the tax recovery claim. - Income from weddings and funerals totalled £1,480 (2023 £2,380). Pastoral Team and Golden Zumba income amounted to £3,987 (2023 £978), interest received in the year was £378 (2023 £336) and Church magazine advertising income amounted to £480 (2023 £160). Once again the annual review cards were used and this raised awareness of giving among the members. The Trustees would again stress the need for members, who have not already done so, to consider using one of the recorded methods of contribution, which allows the Church to format a proper budget for the running costs and maintenance. In addition, donations should be made, where possible, under the Gift Aid scheme which allows the Church to recover an extra 25% of the donation from HM Revenue and Customs. Page 2 **Belhelvie Parish Church Scottish Charity No SC016387 Year ended 31 December 2024** ## **Trustees’ Annual Report (continued) Year ended 31 December 2024** ## **Financial Review (continued)** The General Fund expenditure of £72,104 (2023 £70,677) increased during the year primarily due to Presbytery dues of £2,047 (2023 £nil), higher building costs of £1,351 mainly attributable to higher heat and light offset by a lower Giving to Grow contribution in the year of £2,182. At the end of the financial year the General Fund had a surplus of £5,631 (2023 surplus £8,794) before transfers. A transfer was made during the year from the General Fund to the Designated Fabric fund of £5,000 (2023 £5,000). After the transfer, there was a surplus of £631 (2023 surplus £3,794). Adding this surplus brings the total year end value of the General Fund to £88,508 (2023 £87,877). The Development Project Fund received income of £10,738 (2023 £27,352) via donations and monthly regular giving. Tax recovery amounted to £2,456 (2023 £2,265). Included within note 8 of the Accounts £11,094 (2023 £27,304) has been capitalised during the year for the finishing works carried out relating to the Development Programme. This related to the tarring of the final area of the car park. These movements have resulted in the fund being increased by £2,100 during the year (2023 £2,313) to give a total carried forward fund value at the year end of £10,273 (2023 £8,173). Fundraising activities with the Social Committee and Welcome Team raised £7,116 (2023 £9,944) for improvements within the Forsyth hall and annexe. Other income from hall and annexe lets and donations amounted to £12,841 (2023 £11,128). Hall and annexe expenditure amounted to £14,928 (2023 £15,702) and was for maintenance, repairs and running costs of the hall and annexe. The movement in the fund during the year gives a total carried forward fund value at the year end of £13,543 (2023 £8,514). The Mainly Music recorded income of £1,295 (2023 £1,365) and expenditure of £1,413 (2023 £1,040) during the year. The fund was depleted by £118 (2023 increased by £325) and this has been deducted from (2023 added to) the fund to give a total carried forward fund at the year end of £2,898 (2023 £3,016). The Designated Fabric Fund recorded interest on investments of £1,384 (2023 £1,150) and £5,000 (2023 £5,000) transfer from the General Fund. Expenditure in the year was £2,056 (2023 £11,961) relating to the cost of maintenance and repairs of the church and manse properties. 2023 costs were significantly higher mainly due to the one off cost of £9,008 converting the manse from oil to gas central heating. The fund was increased by £4,328 (2023 depleted by £5,811) and this has been added to (2023 deducted from) the fund to give a carried forward fund value at the end of the year of £14,096 (2023 £9,768). Page 3 **Belhelvie Parish Church Scottish Charity No SC016387 Year ended 31 December 2024** ## **Trustees’ Annual Report (continued) Year ended 31 December 2024** ## **Financial Review (continued)** The Investment Funds recorded a gain of £3,333 (2023 gain £3,097) for the Growth and Income funds held with the Church of Scotland Investors Trust. The Fabric Reserve fund also held with the Church of Scotland Investor Trust received interest of £7 (2023 £4) giving a total carried forward funds value at the year end of £53,799 (2023 £50,459). The Glebe fund received rent of £772 (2023 £728) during the year for sheep let. After deducting rental payments to the Church of Scotland amounting to £600 (2023 £600) there was a surplus of £172 (2023 £128) resulting in a total carried forward fund value at the year end of £2,348 (2023 £2,176). There were no movements in the Benevolent fund, Right Christmas Appeal fund and Flower fund during the year with fund values remaining at £2,124, £10 and £250 respectively. ## **Risk Management** 2024 saw a reduction in membership of two, one through death and one by certificate of transference, with four new members joining – three by certificate of transference. There was one baptism, and one service of blessing. This downward trend, as with so many congregations, is cause for concern and we are constantly reflecting on how we might change it. Despite the challenges of the cost of living crisis, our giving has held up relatively well this past year, and the central church’s move to a new system of calculating our central ‘dues’ (‘Giving to Grow’) looks to be benefitting us going forward, leaving a little more finance in our own hands. Increasing Hall usage is also helping us financially as well as raising the profile of our Church within the community. The nationwide Presbytery Planning process, necessitated by a shortage of ministers, declining numbers of folk in membership and an historic surplus of buildings, is still underway and we are conscious that those changes will inevitably affect us here in Belhelvie which now falls under the combined Presbytery of the North East and the Northern Isles (NENI). We are looking forward to closer working relationships with Ellon Parish Church, while still retaining our congregational integrity and ministry. Page 4 **Belhelvie Parish Church Scottish Charity No SC016387 Year ended 31 December 2024** ## **Trustees’ Annual Report (continued) Year ended 31 December 2024** ## **Reserves Policy** The 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 six months expenditure including designated funds. At the year end the Church held unrestricted funds of £88,508. This includes the provision for six months expenditure and also the amount envisaged on necessary church repairs. The Church also held £838,764 of restricted funds which have been provided for the purposes specified in Note 14. ## **Structure, Governance and Management** The congregation is a registered charity, number SC016387 and is administered in accordance with the Deed of Constitution (Unitary Form) and is subject to the Acts and Regulations of the General Assembly of the Church of Scotland. 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 gift and skills. The minister, who is a member of the Kirk Session, is elected by the congregation and inducted by Presbytery. Certain responsibilities are delegated to the Finance Committee and Property Committee as appropriate. The Kirk Session which meets six times a year is responsible for spiritual affairs within the Church. ## **Reference and Administrative Information** ## **Trustees** ## **Principle Office-bearers** Page 5 **Belhelvie Parish Church Scottish Charity No SC016387 Year ended 31 December 2024** ## **Trustees’ Annual Report (continued) Year ended 31 December 2024** ## **Principal Office** Belhelvie Parish Church Balmedie Aberdeenshire AB23 8YR Charity No: SC016387 ## **Independent Examiner** Chartered Accountants 5 Bon Accord Square Aberdeen AB11 6XZ ## **Bankers** Virgin Money George Street Branch 62 Union Street Aberdeen Page 6 Be]hel￿e Pgrijh ChU￿b Sconlsh Charlry No SC016J87 Year endal 31 December 2f124 Trustees, Annu41 Report (Continued) Year ended 31 December 2024 Trustees, Responsibilities in Relation to the Financial Statements The charity trustees are restK)n5ible for preparin8 a trustee's annual report and financial statements in accordan¢e with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Th¢ l&w appli¢abl¢ to charitics in Scotland rcquircs thc charity trustcc3 lo prcparc financial statcmcnts for cach ycar which show & true and fair view of thc statc of atTairs of thc charity and of Ihe incoming rcsourccs and application of r¢sourc¢s. of the charity for that period. In PTcparing Ihc financial slatcm¢nts. Ihc tru5tccs aTe rwuired 10.. select 5Uitablc accounting policies and ih¢n apply th¢n] wnsislently- observe the method and principles in Ihe applicable Chariiies SORP. make judgments and estimates that are reasonable and prudent. slate wheTher applicable accounting standards and statements of recommended practice have been followed, subject lo any deparnires disclosed and explained in ihc financial siat¢ments' and prcparc thc financial statcmcnts on the goin8 con¢¢rn basis unless il is inappropriate to PTesumc that thc charity will Continuc in opxrational exi5t¢n¢e. The tn￿te¢S arc rcsponsiblc for kccping propcr accounting records which dis¢los¢ Thith rc&sonabl¢ accuracy at any time the financial position of thc charity and to enablc them to ensu￿ thai the financial slatements comply with the Chariiies and Trustees Invcstmcnt (Scolland) Act 2￿5 and the Chariiies Accounis (Scotland) Regulalions 2006 (as amended). They are also responsible for safeguarding the assets ol. Ihe charily 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 infonnation on the congregation's website_ Legislation in the United Kingdom govemin8 ihe preparation and dissemination of fllYanci&l staternents may differ from legislation in other jurisdictions. Approved by the Trustees and Si￿ed on their behalf. Date . 25 Page 7 BelheJvi¢ Parf8h Cburtb S¢ottish Charity No SCOJ6387 Y¢*r Ènded 31 Deeehnbtr 2n24 Belhelvie Parish Church SCO 16387 Independent Examinerls Report to the Trustees of Belhelvie PArlsh Chureh I report on th¢ ac¢ounts ot the ¢harity for the y¢ar ended 31 December 2024 whibh ar¢ sd out on pag¢s 9 to 18. Rupective respottsibilities of tnJ8tees ind ¢xAminer The charity's tW5treg are rcspon5ible for thc preparation of th¢ accounts in accordanc¢ with the tcrnis of the Charilies and Trustee Investm¢nt (Scotland) Act 2005 and th¢ Chanties A¢¢ounts (Scoiland) Regulations 2006 las anKndedl. The charity truslee5 consider that the audit requiremeni of Regulation 10(11 (a) to (cl of th¢ Accounts Rcgulations docs Dot apply. It is my responsibiliiy io examine the accounts as requiTcd Lmder scaion 4411) (c) of the Act and to slate whethcr porticular n*tt¢rs haNe conK io my attcntiun. B￿18 of independent exaThiner's s14temffjt My cxarnination 13 ¢2rried out in #ccordance wilh Regulation I l of thc Charities Accounts (Scotland) Regulations 2(X)6 (as amended). An ¢xamination includes a rcvi¢w ol-the accounting rccoTds kepi by the Charity and a comparison of the acci)unt5 pr¢sented wilh those records. li also includes considcration of aTJy unusual itcms or disclosur¢s in the accounts. and seeks explanaiions from ih¢ trusle¢5 Lonbrmin8 any such matters. The procedures undcrtaken do no( pr()vi¢Je all th¢ evid¢ncc thai would bc ￿quITCa in an audit, and cOn￿qUen11Y I do not express an audit opinion on the view given by th¢ accounts. Independent examiner'j statement In the cour5¢ Qf My examination. no matter has ¢ome to my aiieniion- which gives me reasonable ca￿e to bcli¢ve that in ary material respeci Ihe requirenrnts.. lo keep accowjting rea)rds in accordance with Section 44111 (al of thc 2005 Act and Regulation 4 of the 2006 Accounts Regulations (as arnendcd}, and to prepare aecow)ts which *¢enrd with the 2tcounting rccords and comply with Regulation 8 of the 2006 Accounts Regulationg (as amcnd¢dl hawe Th)1 bccn rnet. or to whiLh. in m}. É)pini()n, aiieniion 8htTruld bE drawn in ord¢r io enablc a proper und¢rstsndin8 of th¢ ac Sigti¢d j￿LS Milnc Chancrcd Accountants 5 Bon Accord Squar¢ Aberdeen ABI 16XZ Date Page 8 ## **Belhelvie Parish Church Scottish Charity No SC016387 Year Ended 31 December 2024** ## **Statement of Financial Activities** |**Year ended 31 December 2024**
**Note**
**Income and endowments from:**
Donations and legacies
1
Charitable activities
2
Other trading activities
3
Investments
4
**Total income**
**Expenditure on:**
5
Raising funds
Charitable activities
Other
**Total expenditure**
**Net income/(outgoing) before gain/(loss)**
**on investments**
Net gain/(loss) on investments
**Net income/(outgoing)**
Transfers between Funds
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Total funds carried forward|**Unrestricted**
**Funds**
**2024**
**£**
71,410
5,467
480
378
77,735
46
71,560
498
72,104
5,631
-
5,631
(5,000)
631
87,877
88,508|**Restricted**
**Funds**
**2024**
**£**
13,194
-
22,024
1,391
36,609
-
20,024
-
20,024
16,585
3,333
19,918
5,000
24,918
813,846
838,764|**Endow-**
**ment**
**Funds**
**2024**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
**-**|**Total**
**2024**
**£**
84,604
5,467
22,504
1,769
114,344
46
91,584
498
92,128
22,216
3,333
25,549
-
25,549
901,723
927,272|**Unrestricted**
**Funds**
**2023**
**£**
75,617
3,358
160
336
79,471
99
70,134
444
70,677
8,794
-
8,794
(5,000)
3,794
84,083
87,877|**Restricted**
**Funds**
**2023**
**£**
29,617
-
23,164
1,155
53,936
-
30,364
-
30,364
23,572
3,097
26,669
5,000
31,669
782,177
813,846|**Endow-**
**ment**
**Funds**
**2023**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
**-**|**Total**
**2023**
**£**
105,234
3,358
23,324
1,491| |---|---|---|---|---|---|---|---|---| |||||||||133,407| |||||||||99
100,498
444| |||||||||101,041| |||||||||32,366| |||||||||3,097| |||||||||35,463| |||||||||-| |||||||||35,463| |||||||||866,260| |||||||||901,723| Page 9 Belhelvie Parbh Churc Scottish Charity No SC016387 Year Ended 31 December 2024 Balance Sheet At 31 December 2024 T•t*l Funds 2024 Total Fllnd$ 2023 Filed AMet$: Tangiblc as￿t5 Invesiments Totsl Flxed knets 739,423 53.671 729.356 50.331 779.687 793,094 Currtnt Asset5 10 17.834 13 1,442 149,276 17.872 110.477 128,349 C&8h al hank and in h£nd Total Currtnt Ay*ty Crcdiiors fftlliAg dur within onc year Net CurreDt A¥Jtts 15.098 6.313 122,036 901.723 134.178 Net knets 927,272 The funds of ihe eharlty: Endowment fu￿lS 14 Rcstricted ir£ome ￿ndS 14 838,764 88.-$08 813.846 87.877 Unre5tricled inc(>me fund8 14 Tothl eharlty funds 927,272 901,723 The accounts were approved by rhe InLStees on 14 12> and stgntd on Ih¢ir behalf by.. ssion Cluk asurel Page 10 **Belhelvie Parish Church Scottish Charity No: SC016387 Year ended 31 December 2024** ## **Accounting Policies** The principal accounting policies, which have been applied consistently in the current and preceding year in dealing with items which are considered material to the accounts, are set out below. ## **Basis of preparation** 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). ## **Fund accounting** Funds are classified as either 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 there from 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. ## **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 Church, hall and manse, 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. All tangible fixed assets costing in excess of £1,000 having a value to the charity greater than one year, other than those acquired for specific purposes, are capitalised. Depreciation is provided, excluding Land and Buildings, on a straight-line basis to write off the cost or initial value, less residual value, of tangible fixed assets over their estimated useful lives: |Central heating boiler system and controls|15 years| |---|---| |Fixtures, fittings and office equipment|5 years| ## **Investments** Fixed asset investments are stated at market value at the balance sheet date. Unrealised gains and losses represent the difference between the market value at the beginning and end of the 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 proceeds on disposal and the market value at the start of the year or cost if purchased in the year. ## **Taxation** Belhelvie 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. Page 11 ## **Belhelvie Parish Church Scottish Charity No SC016387 Year Ended 31 December 2024** ## **Notes forming part of the financial statements** |**For the year ended 31 December 2024**
**1.**
**Donations and Legacies**
Offerings
Tax recovered on Gift Aid
Donations
Interest on Gift Aid tax recovered
Development Project
**2.**
**Income from charitable activities**
Weddings and Funerals
Other
**3.**
**Income from other trading**
**activities**
Use of Premises
Glebe Income
Other
**4.**
**Investment Income**
Deposit interest|**Unrestricted**
**Funds**
**2024**
**£**
60,879
10,531
-
-
-
71,410
1,480
3,987
5,467
-
-
480
480
378
378|**Restricted**
**Funds**
**2024**
**£**
-
2,456
-
-
10,738
13,194
-
-
-
12,841
772
8,411
22,024
1,391
1,391|**Endow-**
**ment**
**Funds**
**2024**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Total**
**2024**
**£**
60,879
12,987
-
-
10,738
84,604
1,480
3,987
5,467
12,841
772
8,891
22,504
1,769
1,769|**Unrestricted**
**Funds**
**2023**
**£**
61,496
13,012
910
199
-
75,617
2,380
978
3,358
-
-
160
160
336
336|**Restricted**
**Funds**
**2023**
**£**
-
2,265
382
-
26,970
29,617
-
-
-
11,128
728
11,308
23,164
1,155
1,155|**Endow-**
**ment**
**Funds**
**2023**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Total**
**2023**
**£**
61,496
15,277
1,292
199
26,970| |---|---|---|---|---|---|---|---|---| |||||||||105,234| |||||||||2,380
978| |||||||||3,358| |||||||||11,128
728
11,468| |||||||||23,324| |||||||||1,491| |||||||||1,491| Page 12 ## **Belhelvie Parish Church Scottish Charity No SC016387 Year Ended 31 December 2024** |**Notes forming part of the financial statements**
**For the year ended 31 December 2024**
**Unrestricted**
**Funds**
**2024**
**£**
**5.**
**Analysis of Expenditure**
Raising Funds
Offering Envelopes
46
46
Charitable Activities
Giving to Grow Contribution
41,468
Presbytery Dues
2,047
Minister’s Expenses
5,533
Pulpit Supply
319
Other salary costs
6,362
Relief Organist
160
Fabric Repairs & Maintenance
-
Other Building Costs
9,128
Glebe Rental
-
Sunday School and Teaching
140
Printing, Stationery and Postage
420
Photocopier Lease & Service Cost
1,037
Third World Child Support
273
Charitable Donations
1,379
Depreciation
-
Other Expenses
3,294
71,560
Governance Costs
Independent Examiner’s Fee
498
498
**Total**
72,104|**Restricted**
**Funds**
**2024**
**£**
-
-
-
-
-
-
-
-
2,056
12,164
600
-
-
-
-
333
1,027
3,844
20,024
-
-
20,024|**Endow-**
**ment**
**Funds**
**2024**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Total**
**2024**
**£**
46
46
41,468
2,047
5,533
319
6,362
160
2,056
21,292
600
140
420
1,037
273
1,712
1,027
7,138
91,584
498
498
92,128|**Unrestricted**
**Funds**
**2023**
**£**
99
99
43,650
-
5,301
358
6,428
240
-
7,777
-
125
282
1,158
296
2,899
-
1,620
70,134
444
444
70,677|**Restricted**
**Funds**
**2023**
**£**
-
-
-
-
-
-
-
-
11,961
12,797
600
-
-
-
-
279
1,061
3,666
30,364
-
-
30,364|**Endow-**
**ment**
**Funds**
**2023**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Total**
**2023**
**£**
99| |---|---|---|---|---|---|---|---| ||||||||99| ||||||||43,650
-
5,301
358
6,428
240
11,961
20,574
600
125
282
1,158
296
3,178
1,061
5,286| ||||||||100,498| ||||||||444| ||||||||444| ||||||||| ||||||||101,041| Support costs have not been separately identified as the trustees consider there is only one charitable activity. Therefore support costs relate wholly to that activity and have not been separately identified. Page 13 **Belhelvie Parish Church Scottish Charity No: SC016387 Year ended 31 December 2024** ## **Notes forming part of the financial statements** ## **for the year ended 31 December 2024** |**Notes forming part of the financial statements**
**for the year ended 31 December 2024**||| |---|---|---| |**6.**
**Staff costs and numbers**
Salaries and wages
Social security costs
Total|**2024**
**£**
5,026
1,336
6,362|**2023**
**£**
5,081
1,347| |||6,428| The average number of employees during the year was as follows: |Organist|**2024**
**2023**
**Number**
**Number**
1
1| |---|---| No employee had employee benefits in excess of £60,000 (2023 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 £31,642 and the maximum stipend (in the fifth and subsequent years) £38,884. ## **7. Trustee Remuneration and Related Party Transactions** During the year 4 trustees including our minister received reimbursement of expenses incurred totalling £3,270. Belhelvie Parish Church met the costs of council tax, telephone and broadband for totalling £3,448. In addition, who is a member of the Kirk Session received £6,362 for providing his service as organist during the year. These costs are included in Note 6 above. No other trustee or a person related to a trustee had any personal interest in any other contract or transaction entered into by the charity during the year. During the year a total of £19,860 was donated to the congregation by trustees. Page 14 **Belhelvie Parish Church Scottish Charity No: SC016387 Year ended 31 December 2024** ## **Notes forming part of the financial statements for the year ended 31 December 2024** ## **8. Tangible Fixed Assets** |**Cost**
At 1 January 2024
Additions
At 31 December 2024
**Accumulated Depreciation**
At 1 January 2024
Charge for year
At 31 December 2024
**Net Book Value**
At 31 December 2024
At 31 December 2023
**Cost**
At 1 January 2023
Additions
At 31 December 2023
**Accumulated Depreciation**
At 1 January 2023
Charge for year
At 31 December 2023
**Net Book Value**
At 31 December 2023
At 31 December 2022|**Land and**
**Buildings**
**£**
720,156
11,094
731,250
-
-
-
731,250
720,156
**Land and**
**Buildings**
**£**
692,852
27,304
720,156
-
-
-
720,156
692,852|**Fixtures,**
**Fittings and**
**Office**
**Equipment**
**£**
47,517
-
47,517
38,317
1,027
39,344
8,173
9,200
**Fixtures,**
**Fittings and**
**Office**
**Equipment**
**£**
47,517
-
47,517
37,256
1,061
38,317
9,200
10,261|**Total**
**£**
767,673
11,094| |---|---|---|---| ||||778,767| ||||38,317
1,027| ||||39,344| ||||739,423| ||||729,356| ||||**Total**
**£**
740,369
27,304| ||||767,673| ||||37,256
1,061| ||||38,317| ||||729,356| ||||703,113| Page 15 **Belhelvie Parish Church Scottish Charity No: SC016387 Year ended 31 December 2024** ## **Notes forming part of the financial statements** ## **for the year ended 31 December 2024** ## **9. Investments** |Market value at 31 December 2023
Unrealised gain on investments
Market value at 31 December 2024
Investments at cost
The following investments are held:
Growth Fund
Income Fund|**2024**
**£**
50,331
3,340
53,671
10,902
37,004
16,667
53,671|**2023**
**£**
47,234
3,097| |---|---|---| |||50,331| |||10,902| |||33,814
16,517| |||50,331| |**10.**
**Debtors**
Prepayments and Accrued Income
Gift Aid Tax refund due
**11.**
**Creditors**
Accruals and Deferred Income
Agency Collections (see note 15)|**2024**
**£**
2,847
14,987
17,834
**2024**
**£**
9,809
5,289
15,098|**2023**
**£**
2,595
15,277| |---|---|---| |||17,872| |||**2023**
**£**
5,157
1,156| |||6,313| ## **12. Analysis of Net Assets Among Funds** |Fixed Assets
Investments
Current Assets
Current Liabilities
**Net assets at 31 Dec 2024**
Fixed Assets
Investments
Current Assets
Current Liabilities
**Net assets at 31 Dec 2023**|**General**
**£**
-
-
93,029
(4,521)
88,508
**General**
**£**
-
-
89,813
(1,936)
87,877|**Restricted**
**£**
739,423
53,671
56,247
(10,577)
838,764
**Restricted**
**£**
729,356
50,331
38,536
(4,377)
813,846|**Endowment**
**£**
-
-
-
-
-
**Endowment**
**£**
-
-
-
-
-|**Total**
**£**
739,423
53,671
149,276
(15,098)| |---|---|---|---|---| |||||927,272| |||||**Total**
**£**
729,356
50,331
128,349
(6,313)| |||||901,723| Page 16 **Belhelvie Parish Church Scottish Charity No: SC016387 Year ended 31 December 2024** ## **Notes forming part of the financial statements for the year ended 31 December 2024** ## **13. Volunteers** In common with all congregations of the Church of Scotland the congregation benefits from the contribution made by volunteers who give their time and talents willingly for the benefit of the Church. The areas of congregational life which rely on the contribution of volunteers are many and varied and much of the activity would be unable to continue were it not for the commitment shown. ## **14. Movements in Funds** |**At 1**
**January**
**2024**
**£**
**Restricted funds**
Flower Fund
250
Forsyth Hall Fund
8,514
Designated Fabric Fund
9,768
Glebe Fund
2,176
Benevolent Fund
2,124
Right Christmas Appeal Fund
10
Development Project Fund
8,173
Mainly Music
3,016
Investments/Deposits
50,459
Heritable Property
729,356
813,846
**Unrestricted funds**
General Fund
87,877
**Total funds**
901,723
**At 1**
**January**
**2023**
**£**
**Restricted funds**
Flower Fund
250
Forsyth Hall Fund
3,144
Designated Fabric Fund
15,579
Glebe Fund
2,048
Benevolent Fund
2,124
Right Christmas Appeal Fund
10
Development Project Fund
5,860
Mainly Music
2,691
Investments/Deposits
47,358
Heritable Property
703,113
782,177
**Unrestricted funds**
General Fund
84,083
**Total funds**
866,260|**Incoming**
**Resources**
**£**
-
19,957
1,384
772
-
-
13,194
1,295
3,340
-
39,942
77,735
117,677
**Incoming**
**Resources**
**£**
-
21,072
1,150
728
-
-
29,617
1,365
3,101
-
57,033
79,471
136,504|**Outgoing**
**Resources**
**£**
-
(14,928)
(2,056)
(600)
-
-
-
(1,413)
-
(1,027)
(20,024)
(72,104)
(92,128)
**Outgoing**
**Resources**
**£**
-
(15,702)
(11,961)
(600)
-
-
-
(1,040)
-
(1,061)
(30,364)
(70,677)
(101,041)|**Transfers**
**£**
-
-
5,000
-
-
-
(11,094)
-
-
11,094
5,000
(5,000)
-
**Transfers**
**£**
-
-
5,000
-
-
-
(27,304)
-
-
27,304
5,000
(5,000)
-|**At 31**
**December**
**2024**
**£**
250
13,543
14,096
2,348
2,124
10
10,273
2,898
53,799
739,423| |---|---|---|---|---| |||||838,764| |||||88,508| |||||927,272| |||||**At 31**
**December**
**2023**
**£**
250
8,514
9,768
2,176
2,124
10
8,173
3,016
50,459
729,356| |||||813,846| |||||87,877| |||||901,723| Page 17 **Belhelvie Parish Church Scottish Charity No: SC016387 Year ended 31 December 2024** ## **Notes forming part of the financial statements for year ended 31 December 2024** ## **14. Movement in Funds (continued)** ## Purposes of Restricted Funds Flower Fund: This is a fund to provide flowers for display during services of worship. Forsyth Hall Fund: This fund meets the running costs of the hall and generates capital for improvements. Designated Fabric Fund: The Trustees have set aside funds for the maintenance of the church property. Glebe Fund: Income generated is used for the upkeep of the glebe. Benevolent Fund: Funds can be used to assist parishioners who have specific financial needs. Development Project Fund: This is a fund to assist with the plans to develop the Church, new car park, provide more space in the existing Forsyth Hall and create an annexe to the Hall. Mainly Music Fund: This fund is kept for the purpose of sustaining the Mainly Music ministry within Belhelvie Church. ## Purposes of Designated Funds Sunday School income and expenditure is administered within the General Fund. Fabric Reserve Fund, incorporated under Investments/Deposits above, is held for providing funds for major development work to the church’s buildings. ## **15. Collections for Third Parties** |**Collections for Third Parties**
Christian Aid Week (see note 11)
Christian Aid - Turkey Appeal
Poppy Scotland (see note 11)
Crossreach (see note 11)
Friends of Balmedie (see note 11)
Moderators Challenge (see note 11)|**2024**
**£**
3,623
-
276
340
243
807
5,289|**2023**
**£**
490
345
380
429
-
-| |---|---|---| |||1,644| Page 18