The Church of Scotland Freuchie Parish Church of Scotland CONGREGATIONAL ACCOUNTS for the yur •ndod 31" Decemb•r 2023 Congrogatlon No: 261658 Charlty No: SC 016622
Freuchie Parish Church of Scotland Annual Accounts Rèf•ren¢• and Admin1•trat Inform Charity Name.. FteLKttk8 Parfsh ChLrch of SLyJlland Charity Regl$tratt)n No..: SC 010622 Congregatlon Reference No.. 261558 Contact Address Trustee8
Freuchie Parish Church of Scotland Charity No: SC 016622 R•f•renco and Admlnlstra15ve InfomMtk>n- contlnued Bankorn: Bank of Scotland The Cross, Cupar. Fifo, ICrf15 4BP Gov•rnlng Docum•nt The ConGregath?n is administered in ardanCe with the tern of tho Dwd of Constitution Unltsry Fcmi. Reerultrn•nt and Appolntrn•nt of TN8tO Members of the Klrk S•88lon are the tharity tnjslees. The lfjrk SessK)n mgrnbers a the elderyJ of the church and chosen trom trose membe(s of the church who a consdered to have the appropriate gifts and skills. The minister. who is a member of the Kirk Session. is appointed by the Trustees and the appointment was 4reed Dy Presbytery. The Interim Moderator ts a member of the ilrk Session and is app)inte(I pro tèm by Ihe Presbytery. OpJanlBallon•l Structur• The Kirk SessKin is chaired by the Interim Moderator and npets four IlnEs In a year. Certaln responsibilt5 are delegated to the Finance Committee and the ProFerty Committee as approprlatè. The Kirk Session is responsibè for sp¥itual affairs within the Chufth. ObA•ctlvo• afid Adlvlti The Church d Scotiand is Tmitarian in dtttrine. Refomied in tradthfi and Presbyterian in polity. It exists to glorify God and to work for the adVanrrnt of ChTisVs Kingdom throughout the world. nabonal Church. it acknoweS a distinctive call and duty to bring the ordinsnces of religion to the people in every parish of Scoland through a terTrtorial ministry. It perateS with other Churches in vanoLKS ecumenical bcKlrts ri scotla and beyoThJ.
Freuchie Parish Church of Scotland Charity No: SC 016622 Year ended 31° December 2023 Achlev•ment and PerfornianGe Missions Statwnent- Our thurh is part of Ihe communrty of Freuchle caied together lo worship God, to sts'mulats its members to tr Chrisl's rePreSen've$, tc encourage and weleome others Into the urth fanily and to serve in tr.8 comrnunity in wts"¢h rt Is set and in the wider world. We serve the ccfflmunty ty maknng 1he Church Hall avallabk8 fv)r regukr use by the adIent Ixal Primary School, A Pl&ygroLP I Playhour also operate in the Church Hall for chiléren. Regular artemoon teas allenaed malnly by the eltknrty i¢ik¢ phLT ihroug)out the year. Chnstlan concern lor others expresses itself in fund raising support hr a variety of choritie$ Includlng, BtythswryJd, Guild Projects. LoGal Foodbank, Compassion UK and Chiklrèn's Hospiee. All Chnstmas gits this year were dSted to the Salvation kny, for ¢$th'bution to nee0¥ farnilies thrcmjghout Frfe. Flnanclal R•vlew The principal source of incom8 is through weekly offerings and limited fund ralsing actmtles. There wa$ a slight dècrèase in our eeklY offenngs and in gfft aid. General fvnd raising was up for the year as Covid 19 restnctM)ns rK> longer appty. Our fvr*J raising efforts are al voluntary and no expens88 are pa to Any of the Twstees. R•8orvM Pollcy 11 is the Tru5tees' policy b hold reser¥es of approximately SN months eXpendItsJ InclLfvJlryJ designated lunds. At the year end the :hurth hekl unrestncte¢J sh fvnds of £4812 In current accounts and £26124 in r8stricte(5 funds. The restn¢ted fund s for the upkeep of Freuchie Parish chUh and pt)or fijnds for the neffi1 of thè FOCY In t village of FreLthie. Statement of Tn10•8. RosponBlbllltl•• The rnembers of the Kirk Session rNsl prepare finana818tstement8 which givo $uffiagnt d•tail lo enable an apFYeciakn'on of the trdnsxtions of the Churth éunn9 the financial yèar. The m•mbers of th8 Kirk Session are responsibl8 for keeping proper axounting records which, on qUest, must refiect the fjnanoal positi'on of the ChLffch at that time. This must bg done to ensure that the financial stat8menls comply with the charit$ aid Trutst Inv?strnènt Iscovandl Act 2005, the CharitS Accounts (St18nd) Re9ulabon8 20(6 and the Regulations An8nt Congregab'onal Finance approved by the General AssemY of the Church of Scotsnd in 2012. They are also responsible for safeguarding the assgts of the Church and Must take rea$ortab steps for the prevention aThllor detedion of fraud and other irregulanttes. Approved by the TnJstee$ signad on their behalf Session Clerk 25th Februery 2024
Freuchie Parish Church of Scotland Charity No: SC 016622 Indoyndont Ex•mlnefs Re)rt to the Trustses of Freuchle Parf•h Church of Scolland I reFX)rt on the Ac¢tyJnts of the Chwlty ftK Ihe year ended 31° Decmber 2023 which are set out on pages 5 to 9. Re8pectlve mponslbllltknl of tru•t•• Qxamlner The charity's Iru&e¢s are rcop)naibSo for th• prgparation of th• aeeounts in attnrdAnrp. with the terms of the Charities and Trustee8 Invosbrnnt (Scotland) Act 2005 and the Charities Accounts Iscotland) Règulations 200E. The Charity trnss Consid that tre alit rUIreMent of Regulation 1011) (dl of the Accounts Régulations does not appty. I,. is my responsibilrty to eXame the accounts as requir&1 under section 4411) Ic) of the Ad and to slate whether rts'Cular matters have to my attsntw)n. Ba818 of Ind•p•nd•nl •xamIn9# 8tat•m My examination Is rrd out in accordan with RegUlatn 11 of the Charlties Accounts (Scollandl Regulation 2006. An examination includes a review of the accounting rrdS kept by the Charity and a MPariS0n of the accotmls kyesented tnose rerds. It also inGlude8 c(rssideratK)n of any unusual rtems or disclosures In the accounts, and seeks explanab'on5 from the trustees ccnGeming any suth matters. The procedures undertaken do [vide all the evKlonGe that would be requir¢d in an audlt. an¢ consequenty I do not exFYes$ an audit opnion on the eW gw by the accounts. Ind•p•ndont ex•mln•r'• •t•trm•nt In the Course of my examinthicn no mattw ha$ c<)me to my attwtion which 9iv¢s m8 rea*nablo cause to betieve that ir+ any material respect the requirements.. to keep a¢Cnting rwds In accor(lane8 wth secti 44 11Xal of the 2005 Act and Regulation 4 of ts 2(K6 Aexounts Regulations, and to prepare xcounts a(xord acct)unting retrdS aTrJ compty with Regulation 9 of the 2006 Accounts RegulatK)ns have not been met, or to which. in my opinon, attwbtion shoubd te drawn in order to wable a prop8r understanding of the aCcOts to be reachaj. 9th March 2024
Freuchie Parish Church of Scotland Recel and Pa ment Accounts 31 23 Notes Unrpstn'cted Restricted Funds Fund 2023 2023 Total 2023 Total 2022 Rècei Donations From Con801idated F8bn'c Fund - Cap From Consolidated Fabric Fund - Rev Fund Raising Events Bank & Deposil Interest lnveStfft Incoma 22684 1405 20570 2919 22684 1405 20570 2919 114 2168 23239 971 20 1362 114 811 1357 £48,935 £925 £49,860 £25.592 Rental of Premws 5555 5555 7146 £54.490 £925 £55,415 £32,738 men Cost of generating funds Charitsble Activities From Consolidated Fabric Fund - Cap From Consolidated Fabric Fund - Rev Poor Fund G0veMan Costs 81 36760 1405 20570 81 36760 1405 20570 700 100 101 30669 7CN) 11x1 100 TAL PAYMEN £58,916 £700 £59,616 £30,870 EsS of Payments over Receipts for the year 4.426 £225 -£4,201 £1,868
Freuchie Pari¥h Church of Scotland nt ol Bala8$ Year ended 31 st t)ernber 2023 Notes Unrestricied Restricted FuTrJs Fund 2Iy23 2023 Total 2023 Total 2022 Bank Cash Ba1CeS Balances Brought forw¥d 9315 28146 33693 MOvewnt in Year Excess of Expendrture over Receipts -£4,426 225 -£4,201 1868 Totals £4.889 £26,371 £31,260 £35,461 Investments at Market V lu Growth Fund (Bequests) as at 31.12.23 Cost 11263 £5.83 £85.ee3 £0 £65,863 £60,820 sil Fun No. of Unrt8 274 - C08t £2363.67 M8rketValue 274 @ £10.96 £3,003 £0 £3,1)J3 £0 No. of Units 1008- Cost £3194.16 MarketValu¢ 1008 £5.83 £5.877 £0 £5,877 £0 Grtt Aid Receivable £1,078 £0 £1,078 £1,109 Unbilled Heat & Lht £0 £0 £0 £0 The a(Unts were apwovec by the Tn¥st¢os on 25b) February 2024 Fa ees- Session Clerk Tfeasuref
Freuchle Parish Church of Scolland nded 31st December 202 1 Tru•lMs R•muner•tlon and Related Partl¢• Transactlon8 During the year 2023 the was an interim moderaior who received no expenses and a MissK)n Devdopment Vtsl)rker trecved travelling exFenses of £65.50. No trustee received any remuneration or reimbursement of expenses other than the above dunng the year. No trustee or a person related to a trustee has any prsonal interest in any contract or transaction entered into by the chanty during the year. Mov•m•nt In Fund• 01.01.23 Rewpts Payw*nts 31.12.23 General Account 8699 53410 57726 4383 The Guild 818 1190 708 SurKlay S¢h 45 £9.562 £54.490 £58,916 £5,136 Poor Funds 3547 114 700 2961 Sunday Schcd Prize Fund 150 150 D Moryison Bequest (Fab) 22202 811 23013 Total Funds £35.461 £55,415 £59.616 £31,260 f Restricted Fu The Poor Fund is for the support of the poor of the Parish at the behest of the rk Se$sn. The Allan Hynd Fund for Surthy School Prizes is restricted ts the pur¢hase of Sunday Sch Prizes.
Freuchie Parish Church of Scodand Notes to the nts for ear en ed31 December 2023 3 Anatysh of Donatlon8 Unrestricted Restn¢ted Funds Funds 2023 2023 Total 2023 Total 2022 WFO Schem8 (non Gift Adl Gift Aid Donations Tax Recovered on Gift ANJ Donati(5 Ordinary Offerings Other Offefings, Donations etc 3175 8678 3057 3293 4481 3175 8678 3057 3293 4481 3635 8624 4313 3363 3304 £22,684 £0 22684 £23,239 Anatysl• of payments Fun Offering Envebpes £81 £0 £81 £101 rita Glvlng to Gr Pre8tylery D Cluster Costs Interim Moder8try Expen8e8 Pulpit Supply Misvjon De¥downent 14M)*•r Other Stsffing Costs Fabric Rep8irs and Mon8n¢t Church OffK¢ Eypenses Outreach Heating & LWirvJ Insurance Copynghl Licence• 8373 8373 11100 661 240 77 77 3572 3572 2257 142 5460 2886 398 1357 3538 2085 352 193 7524 7358 1048 1781 3539 2278 401 51 7524 7356 1048 2481 3539 2278 401 51 700 £36.841 £7(M] £37,541 £36,289 man £1 £0 £100 £100 Total Payments £38,941 £700 £37.641 £36,289
Freuchie Parish Church of Scotland A(xoun r ended 31st December 202 5 Mlnlstefs Stlpend All Church of Scotland congregat*)ns contribute to the National Sttpend Fund whh bearn the costs of all ministers, stipends and employe¢s contribukn'ons for national insurance, pension and housing loan ftjnd. Ministers. stipends are paid in a(rdaftce the national Stipend Scale which is lated to the years of service. For the year under VW the minimum stipend was £30135 and the MmuM stipend (in the fifth and sub8equ8nt years Servi is £370321. 6 Colloctlon• lor Thlrd P•rtl•• 02 ChrlsJan Aid Shoebox Appeal Ukraine Appeal Foodbank Glenrothes Love Oliver 637 60 55 250 200 172 85 £782 £677
APPENDIX I Freuchie Parfsh Church of Scotland FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES ITAL NT A AT 1ST DE EMBER Openiro Balance £9,113 Transferred beh¥een Funds From Capital A 972 9379 To Captial Act (11) 972 -9379 £0 Propety Costs -14C6 Invest Interest CFF- Cap A£c Invest Interest CFF - Cap &(11) 435 Closing Balance £8,408 Opening Balance as at 1st January 2023 17398 Income for the year 5333 22731 ndi Administration 253 Expenditure Part c<tsi of gan 7000 Lightening Conduthr Water pipe installan 5994 7576 20570 20823 Closing Balance ag at 31st t)ecember 2023 £1.908 10