PAGE 1 THE CHURCH OF SCOTLAND THEAULD KIRK OFA YR mber 2024. Financial Ststements for Year to P38e Tnjstees, Annual Report Report of Independent Examiner Statement of Financial Activities Balance Sheet Atcounts"ng Policies 10-16. Notcs TR_USTEES. ANNUAL REPORT. YEAR ENDED.3 IST_D_ECEMBER 2024 Thp TrU.tePS pre.qetht the Annual Heport and ttri.ounL8 for thp .Quld kirk of AyT.foT the year ended 31st December 2024. The financial statement.8 have been prepared in accordance with the accounting poheip8 SP.t out on Page 8 the accounts and con)ply th the CTenpraR As8embly Regulhtionf for (;ongrpgation#l F'inante, thp (;haritiè8 and Tru8tp.e IDvesttnent (Scotland) Act 2005, the. Charities AccouT)tsIScotlan(l) Regulations 2006 (a8 atnended) and Accounting £wd Rtrporting by Charities.. Statement of Recomme.nded Practs'ce apph'cable to Charitses Preparing their accounts in Accordance HTrth the Trinancial KoportinE Standard applicable to the UK and Republic of Ireland published On IGtb July 20 14. Charity Number SC 016648 COneatsUnaI Referenco Numbe.r 10060 1 Contaci Addre88 The Kirk OtTice, Blackfriar8' Walk. Ayr. KA7 Irr. ini3 Session C,lerk C,hutt.h Tro.agurèrg IDde MaiilL('ry Virpn Monev Alloway .Stre.e.t Ayr.
Page2 T DECLMBE TRUSTEE ' ANNUAL REPORT. YEAR ENDED 2024 Structure Governance & Mana emeDt Governing Document The Church is administered in accordance with the terms of 8 Unitary Constitution. Recruitment & Appointmeut of Trn8tee8 Members of the Kirk Session Are the Charity Truytees. The 'rk Session members are the Elders tsf the ChuTeh and are chosen from those mvmbers of the. C,hurch whn are considered to have the appropriate gths alld talents. The Mmister is eAlled and eleeted by the Congregatson and ordainedl indueted by the local Presbytery. Organisational Structure The Kirk Sesbion is chaired by the "nIster and normally meets ten time.b a year. Certain responsibilktes are devolved to the Management Group of the Kirk SessioD. Objectives & Activities The Church of Seotland is Trinitarian in doctrine., reformed in tradition and Presbyterian in polity. It exi8ts to glorify God and to work for the advaiicement of Christ'8 Ilingdom throughout the world. As a natsonal church, it aeknowledge8 a distiDctive eall and duty ts) bring the orthnances of reliOn to the people in every parish of Scotland through territorial ministry. It co-operates with other churche8 ID various ecumo.nic21 bodies in Scotland and beyond. ACTtVlTJES PARTICULAR TO AULD KIRK The Auld Kirk of Ayr holds one StrCe of worship every Sunday. Iloly Communion I. held quarteTIy. T&¥is aTe prolided to enable older members to attend Church eaeb week. As the Town Church, thp Auld kn'rk nonn1Y holds tbe annual Remembrance SeThice. whieh is attended by the armed forces and Ial politiciaDS.The"Kirknn of the L'ouncd" Service is also held perioth"c#lly. TuesdAy Lunches are served for most of the yeAr and are supported by Church memberg and the local community. Our balls are well used by organisations and outside bo.e$ such as Art classes , fitness group4 and an after school dub. egular s(Kial events such as Burns. Suppers and Coffee Mornillgs are well supported. sponrShip 18 given to support three children in Honduras and Africa.
Pago 3 TR.TJSTEES' ANNUAL R_EPQLT. YEA& ENDE.D 3 1ST DECEMBER 224 ACIeveents Performanse¥ We greatly apprveiAte the support of 80 many loyal member8 However, we I2re. aware of the need to increase the numbers attending Sunday Worship And supporting the ongoing work of the Church Fin Tho net deficit on the conKrp.gation81 Aecount Amountèd to £27,576. The Trustee8 are LunLerned about continuing deficils and Are Ad(Irp¥ying this problem a.4 a mAtter of urgencs,. Iuvegtm.¢Dt Policy pJi_d_Perform Our inve9tmeiils Are held in low riyk equTits"e and Unit Trugts with A vie.w to ar.hiiivinK return And u180 CJllPitAI Cirowth. Thp Tru.qteeg 8Atl8fipd with the pe.rfonnaDee Ri¥k mngmnI Th, Mun#KÉimvnt (Jroup meets regularly and 18 kept updated on finanei matters. Our aim is to cut costs And to ine.rea8e our level of giving. Every etTort i¥ boJn% made to encourAge niembery to Mttend worship on a rpgulAr bag18 nd to become involved in the work of the "rk. Re8crYe.g Policy DetHil.4 of the Re8erve$ ore. shown in the Balancp Sheel on PHge 7 of these uccuunL¥. The chRnge in value8 rellect the year'g financial results And the variation in the v#ILie. of Inveytments. The (ixnerAI Fiind 8nd thv Fabrie Fund Are u8v.d for the dAy to dAy running of thp C,hurch and for largpt C.81)itxl ProjecL8 respeetively. In the. past. transferg have been mAde from General Tr und to Fabric to provide for mijor projecL4. Flowever, at presjent thi8 is not POS8ible, the General Fund has a ncKatsve bAIAnce. The C',apital Re.¥erve was crealed when the values of the Manse and 'rkhouSe were incorporated into the BalunLe Sheet. Rp5trieted and PJndownient Tr und8 are used in accordanee with the tertn8 of the indiwdual Truyts.
P•9• 4 The Charity Tru8tee¥ are Mponsible for preparin¥ a Trugtee8' Annu8] Rep(tyrt nd nanal Statements iti ord81)ee with app.Cab]e law And the UK Accounting Standards (United Kd0Th Generolly Aernpted Ar£ountinK PrActieel Charlty law requireb the Tru8tee8 to prepare financial gtstsments for each financial year WC Show a ¢rue and faw view of the 8tate of affairs of the charity and it'8 financial activitie8 for that peri1. In prep&rinK those finan081 gt8temeDts. the Trustee8 ore rpquired to Select 8Uitable accounting yolicie$ and the.n apply them conJLqte.ntly. Observe the method and principle8 in tbe appbcable ChAritses SORP Make e8timate8 and judgments that are reasonable and prndeot.. State whether Applicable a)Unting 8tandArds Rnd 8tatemenL8 of Tornmended practice have been followed, 8ubjtt tl) any departum diwJo8ed 8nd explakned in the rinancial Ntatempnts, Prepare the financia) jtatements on the goini contern b8 unlethD it io inappropriate to pre8ume that the charity continue in operational existence. The Tru8tee• are re8p¢)nBible for keeping proper a¢xountiog record• which dido8è with rea80DAble a¢xurHey at Any tune the finAn(iai positson of the Charity and to enable them to ensure that the financial Statements comply with the CharAtie8 and Tru8tee Inve8tmpnt(Scotland ) Act 2(K15 and the Charities Am)untts (&otland) Regula¢iong 2006. They are also respoll.ble for SafPArdthg the wets of the Cbarity and henee for takm% reaAon8ble iteP8 for the prevention and detrttsou offraud 8nd other Arregularitse8. Tbe Tru8tse8 are responsible for the maintenance and inteKn¢y of the Charity alld the financial infomation on the ¢ongregatson'$ web8ite. tgi81ation in the unit KinKdom governin% the preparation and di88emitiation of the fill•ncio1 rtatement8 may der from LeEatson iu other jun8dictsons Approved by Ihe Tnjgteeg end swd on ttw*r bohall. e3s1 uien( Date 29Th 1 2025
PAGE 5 Examin I rpport on the accounts of the Charity IOT the year ended 318¢ December 2024 whie.h arè get out on pa%es 6- 16. The (:hArit)'8 Trustees are r¥pon81bl for th£. prvp8ration of the attounts in AecordAnr with ihp tpm¥ of the Charitses and Trusiee Invetme.nt IScotl&nd) tlct 2005 and the Charities Accounts (Scodand) Regulv4lion5 .2006. The ChAnt)' ThI.4t.55 consider that the autht requiremeni of Regulauon 1011) la) to (c) of the AccounL4 Rpgulatson.q doe not apply. It 1.9 m}. responsibility to oxainADe the #ttounts under wtson 44 lil e of the Act and to state wheiher particular n3aitsr8 hAve me to my attentson. Bo818 of llld¢DeDdonLJK My examination 18 carried out in aCCordce th Regulation I l of the C.haritsp$ Ar£ounL9 Iscotland) ReKulauons 21106. An pxamination ineludey # review of the OUntin¥ records kept b> ihè charitv and a compan80D of the accounts pre¥ented x'ith theye reeord8. It algo indude4 con8idpration of any unu8ual items or Ih8do3ureB in the (tounts.8nd kS explAnatson8 from the Tnistees toncerninK llny yuch matlpr¥. predure¥ undertaken du not provide all the wdpncp that would bp. required in n #udit. and LX)n¥equeiitly. I do not exprÈ& an audit opinion on thep accounts. In the cour¥e of my exAminatAon of the 8tMent of accounts for the year ended 31yt December 2024. no matter ha8 come to my aitrntion Il'hich give¥ nie reHson8ble cauge to belipve thal. in an> material respect, the reqUements.. to kepi? Aw.ouii¢inK r.rd5 in AccordRnce wilh 8(Y.tion .1.1 11) 141 of thel'hHriIip.¥ and Trustee. Invp¥lments ( ScotlHnd l AL't 2005 diid Rewlalion 4 of the L'.hHritieg A(Y.ounL91.ScotJaD ReKulatsons 2006 and to prepAre accounts which accord with the Accounting recor(L9 fvnd r.¢)mply with Regulation 8 of the Churitiey Accoun¢y (&9118nd) KeKul&tion8 2006.hae no¢ been me¢, or To whl'cb, iti my opinion. attentioo should be dra7rn in order to enable a proper understanthn% vf ihe accounts lo be Teaehed. lame Addre¥8 Date .IOTI I Iliiri.h .lO')- Signo'(I
Page 6 ENT Unrertrlrtd FJThdowmvnl unrv0trica Fund Fund8 2024 TOTAL 2024 2024 Funds 2023 IN MIN Incoming Resources from generated fund8 Voluntary income Note I Activitie8 for geaeratiti& fund8 Note 2 Investment income Nots3 In(xyming (:hArity Artivitioo Noto 4 Other incoming re80urce8 Note S IN 2024 TOTAL 2023 2023 2023 56,398 11.874 625 ,398 20,133 62,576 6.2 1,283 8.259 296 62.576 13,035 3,166 6,739 1.535 67 5.967 76,757 69,063 67 5,%7 85,379 8,274 348 Note 6 Costs of generating futtda Charitable activitie8 224 98.100 123.615 2.541 850 224 191.7C 126,5L 93,258 123.813 2.541 350 126.704 98,324 93,258 348 191.930 54.750 6.014 28.3 49.019 21.567 84.984 106.551 TrAn8fer8 belwoon fund Nnt Inrnin out] rooour(¥gN ror0 o¢beT rety)gniRed gBinH IoMs0 54,750 6.014 283 49,019 21,S57 1C6.551 Gain on re-valuation of inves¢ment8 IA)38 on re'valuation of inve8ttDents Ga on 8ale of inve8tments 9,702 4.605 15,351 (dedudionl iiiiiii 4.057 1,926 437 6,420 Net movement in fundB Total Fund8 brouKht forward edF 45,048 523.965 478,917 10,619 160,689 171,308 761 16,822 17,583 25.624 549,589 523,*5 86,910 247,599 160,689 437 17,259 16,822 112.971 814,447 701.476 701,476 667,808
Page 7 2024 2023 Tangible Fixed Asgets IDve8tmellts 522.500 123,937 646.437 522.500 134.416 656.916 Debtors io 9.925 0.125 1.067 27,764 F8llinK due withiti t)ne year 6.391 6.691 44.501 NEY ASSM 70 1,477 General Fun¢L8 i FJ F8brie un Quild Sunday SchMI 85.246 42.729 1.431 .323 .441 1.844 520.000 478.920 171.X48 17.582 S.0[ 5*1.968 I t.68? 16,820 101.477 For and on behall crf the Kwk Sessi
Page 8 The Auld Klrk o . Year t• 31st Decern 2024 The principal aOUnting polio.es which have been apph.ed consistently in the current and preceding year in dealing with items which are considered material to the attounts, are Set out below The charity ha3 adopted the requirements of the Statement of Recommended Practice. Accounting and Reporting by Cbaritie81 issued February 2005 1 . The a(xounts have been prepared in aw)rdanee vrith applieable a(rountillg standards and undpr lhe histtlrical cost convention, rnodified to reflect the indusion of tbe Manse and Kirk House at valuation and Investments at Market Value. and in accordance with the Charities and Trnstees Investment Seotland 2005, The Charities Aecounts( Seotland) 2006. the Regulations anettt Congregatsonal Congregktional Finance approved by the General Assembly of the Church of Scotland in 2007 and the S¢atement of Recommended Practice .' Accountsng and Reporting by Charities(2005). un Funds are dassified as either-restricted" or"unrestricted- defLned as follows Restricted fund8 are subject to specific Tequirements 88 to their use wluch may be declared by the donor or with their authority or created througb legal preSseS, but 81ill rythIn the wider objects of the charity. Endowment funds are funds wkn'ch have been given on the condition that the original capital fund is not redueed.but the income there from is used for the purpose defined in attordanee the objects of the charity. Unrestricted funds are exendable at the dwretion of the trustee8 in furtberance of the objeets of lbe eharity.lf part3 of the unrestricted funds are earniarked at the of the trustees for partscular puryose. they are designated as a separate fund. This designation has an administrative purpose onl). and does not leg2ll} restriet the trustees, discretion to apply the fund. All donation8 and glfts are induded within incoming resources under either unrestncted funds or restricted fun¢L8 aceordmg to the tenns under wbich the donation is made and when the amount can be quantified with reasonable ¢Èrtamty. Donations and £ts in kind are brought into the a(Ullts at their market value to the charity. Expenditure is reeognised on an aixruals ba81¥ as the liability is incurTed.
Page 9 The Auld l(trk of A - Y¢•r to 31•t De¢¢ber 2024. un Tangible Fixed knets The Charity ha$ the right to CUpy, and use for it's charitable objectives. the Church Budding. which is vested An the Church of Scotland General Trustees. No consideration is payable for the use of this asset. The Church Halls . liirk House and the Manse are owned by the Auld Kirk of Ayr.. Expenditure incurred on the repair and maintenance of these assets is charged as Tesources expended in the st4tement of fthancial actsvitie8 in the period in wkn.ch the 'abth"ty arige$. All tan@ble a88ets having ¥ value to the charity greater thAn one year. other than th08e acqwred for speeific purposes. are c8Pita]ised. The Manse and "rkhoUse have been incorporated at valuation. The holthng at Sessionfield Farni has been shown at bk v8lue. No valuation nor eost is aNailable for the Church Halls The Trustees do not consider it appropriate to depreciate any of the Buildings ,as they have a useful life which could extend to 50 years. nv Fixed knet Investments are stated at Market Value at the balance sheet date. IlnreAh'sed gains and losses represent the difference between market value at the beginning and end of the fiDanc&al year or. if purchased in the year. the difference betwpen cost and market value at the end of the year. Reah'sed gains and losses represent the difference between the pr(ed8 on sale and the market value at the start of the year or cost if purcbased in the year. The Auld Kirk of Ayr is recogtwd as a Charity for the purposes of applicable taxation legislation and 18 therefore not subject to taxation on it's charitsble actiiitses. The charity is not registered for VAT and resource8 expended therefore iticlude irrecoverable VAT.
PAGE 10 Unrestrirtr(I .'nduM-nii'nl rtsrmi 'r FuniLs" 2024 TOTAL 2024 Doral Fun(L8 2023 TOTAL 2023 Fr.kh0Lnd 318t DeCeber 2024 2024 2024 2023 2023 1 Volunta Offerings Tax recovered on Grft kn'd Legacies Organi8ations Endowment Income Other. Donations etc Income 41,998 8,740 41.998 8.740 49.620 8,991 49.620 8,991 2,657 350 1,653 56,398 2.657 350 1.653 .398 816 349 2,800 62,576 816 349 2,8Cx) 62.576 2 Aetivitie8 for eneratin funds Regular fund-raising Aetilryties Use of prenLises Other 11,874 8,259 20,133 6.296 6,739 13,035 11.874 8,259 20,133 6,2 6.739 13,035 3 luve tment Income Dividends Received 625 296 67 9881 1,283 1,535 348 3,166 625 296 67 1,283 1,535 348 3,166 4 InLxkmin .8ourro.s f (;har)Iiil l(.. Art.ivLi Coffee Mornings et£ Guild Others Guild 635 635 166 635 635 S Other Incom Resources c.of S Cirant- Hall Windows arm spaces grants. Corra Foundation . Hardsbip Grants 2.650 2,267 1.050 2,650 2,267 1.050 5.*7 14,241 5.967 85.379 TOTAts 69.CE3 8,555 67 77,685 70.7 348
GE Unriislrirled knArrirtod 'undo è.'ndowtnpnt UThreHirLctod Fund8 2024 R¢'NlrEeted TOTAL 2024 2024 2024 Fund8 2023 TOTAL 2023 OF 2023 2023 tsof DED Offering Envelopes 224 224 198 224 224 Church of Scotland. "Giving ts) Gro Presbytery Due8 MInter'S Expense8 Pulpit Supply Other Salary Costs Fabric Repairs & M&iDtenanee Warni Space8 Grant Payments CorTa Foundation H8rd8hip Grant Payments Council Tax Other Buildings cts Telephone, Stats"onery.Bank charge8 etc Organ & Music Independent Examiner'8 Fees Other Expen8e8 38,567 978 6.141 38,7 978 6.141 36,9 978 978 17,846 28,642 260 13,897 6.768 2,267 1.050 5,125 18,115 3,073 2,027 17.846 28,642 13,897 97.665 2,267 1,050 5,125 18,115 3,073 2,027 9).897 5.245 19.634 2.782 5,245 19,634 2,782 720 720 3.471 2.541 350 JL 1611r25 OSCRAccouwfs2024 Nlfllii 123,615 123,813 310 98.100 2,541 2.541 350 350 2,361 93,258 93.258 348 348 348 126.506 126.104 3,019 191.106 191.930
Pay 12 of thpfina Sdlaries & ake8 sla1 Securit). Lo8ts 17.846 13.897 The average number of employee8 during the year. based on a head count. w&¥ follow¥. 2QZ3 Mini8teri81 Support Ailminiytr4ts0 Music Staff Preniisey Muinlen8nce Church of ScotlAnd cOngrADn¥ eontribute to the NAtsonRI Stipend Fund which hpRrs thp CLI of All minigtsb.rA' Alii)pndg and emplo>pr'8 e(Jntributitsn4 for n8tsonAI in¥uranre. ppn.8ion and housing & IoAn fund. Mini8tsbrs' are p#id in Arr.ordanee. th the national stspend SCAle. which 18 related to yearg of gervice. 'nT thp ypar undpr rpp.,thp minimum Ntsppnd '8.¥ S .3 1.642 and thp mÈximuD) Ntii)f.nd , in ,ryth And .subgpqupni yPArq of gp.r¥icp WA g38,8114 7) TRUSTEEIEMVNERATION AND DQNATIOTrIS received £6.150 C'hurLh OffiLer. ')1 I l .>llO w"¢i- Al P1(1. Jri re4pect (Trf kirkhouyp TVLeived A 6. 14 1 expenaes. £3 145 was Ill I'l1111.1 I Iiun('.Il Tax for the manse. Donations received Trustees- The lotal thjnalions from Trustees. based on Grfl and Fr88wiII Offerings infomialion 8V8118ble. was £20.81)J
Page 13 of befin state ear en 'ble Fixe BuilditiKLt£ At Valu8tiun lanse. 20 Seafield Drive, Ayr. 2024 400,000 2023 400,000 Blackfriar$' Walk, Ayr. At book value sp99ionfie.ld 120,CC(I 120.000 2.500 ,b22,500 The Manse wa8 bought kn 2016 and Kirkhouse was valued b> a Cbartered Surneyor 9 Investments 2024 2023 Miirkei value at .'Il I)O(.he.r 202.1 4t)l(l in ypHr 134,417 25.891 140,896 value Df InVL'nlrne.nls 15.351 123,93-, 6,419 Decre8•e 134.41 1 mrket value ut .41 1)É'(rmbpr 2024 VALUE VALUE 111 LILL4 3111212023 The following inve8tments are beld nit Trusts: 2100 units M&G Chatifilrtd Income Fund Oihen- 509 Ordinary Compass 200 Ordinary Astra Zeneca 999 Ordinary Nalwe51 Group 1205 Ordinary Unil¢ver 30,920 54,530 10.923 21.200 2.034 20.936 3.727 54.804 12.1.937 134.477 17(Kl Units M&G charlnd were sold during year and realised £?5 89134
Page 14 2024 2023 10 D10[# Gift Aid Tax Refund Due Other8 8,800 1,125 9.925 9.000 1,126 10.126 Aecruals Otber8 2.660 3,730 2.960 3,730 6,390 6,690 12 GeDer Re8triLted Fixèd A88ets 520,000 2,500 s,500 InveBtments 4.957 73.370 37.182 8,428 1%8.937 Current A88ets 83.812 29.204 131.626 9,154 7.764 Current laabilities 6.391 6,391 Net Ag$ets at 31112124 564 166 171308 667.810 Volun lu common with all Congregation8 of the Church of Scotland the Auld Kirk of Ayr benefits from the contribution made by volunteer8 who give their time vrillillgly for the good of thè Chutch.The areas of Congrègational life which rely on the contribution of volunteers are varied and wuch of the actiNTrty would be unable to Conte were it llot for the commitment shown.
Ill atalemL I 2024 Pagg 15 ear eud 14 Movemenl in Fup A88t Tncoming 0 110112024 Re8ouce8 Outgoing RO.suurN Transfer8 A8at 3111212024 TrJndowvnent In¢f]m¢ LA)eal Stipei)d Re$tricted Fun Flnwp.r Youth work and rplie.f Iw.aTr mission Blaekwood Davidsott Adairg monument Gillieson DW Kay IG,822 350 17,583 79 490 2.428 1.197 8.259 132 153 2.215 8.152 48,677 20..511 72.672 3,980 4,574 7,445 3,079 171..305 7.762 48.331 19,673 64,413 3.848 4,42 1 7.141 2.961 160.686 100 2.082 359 118 13.160 2,.54 1 un 7ind 77.601 6.288 12.988 58.325 68.272 95.848 105. 177 6.288 654 68.926 95.848 85,247 Fun abric b'und Sullday School Gudd 60.442 9.673 42.730 1.845 520.000 582,293 701.476 166 580 1,431 520.000 564,167 667,808 9,839 93,036 T t IFun 126.704 ])uryo¥e¥ of knd.owment Fupds 1Cal SLipend Fun Pu.ryosc8 of R.e&thL I.'IA)WI,; YI)UI'H WITrRK I;()Al. & R .1,11,: IA)C.AI. MI.%%I(lN. IIIA(;KW()()I) l)A Vl l)8()N- Al)AlK'. (:1 I.I.I&SON l)W Kny (:uii.t) %U NI)AY 8(;11001. Ilnre8tric¢e ril'iierc?I fund Provision of income towards eost of local stipend. Provibion vf fitswoTS in Lhe (:hurTh Yuul h Wurk In the C,hurr.h )J%l.(JrAI IN41n'. Ail MI%1n Prujert %e,Nyi()nfie.Id b'arm & IAul Mib¥Tron P&st(Jral lJtir' Maints).Eianco of statuv. arvund ¢ho Lbun.'h of arp.x Hnbun(l ih(. I,ytrh (IAIQ. ()rgMn Muinltrnun¢y. unt1 Th]i81'11 unil l)y Cluild l.'undN rdi8?d uhi'.Il by .4undxy School Nbrmal ineomo. and e.xpv.Ddi¢uro of thc C()nKreguiiun ThLri1 wor¥ nu cvn(lili(JnN fi)r thi I.queSt l)egign41t*.d Fund8 Fabric Fund u..¢1 fur eApitiil I)rujp.r.l8 ¥nil [nJr Thi)llir¥.
PAG_b lfj N ie8 formin ear en 15 Collectlons for Thlrd artles 2024 2023 Military Fundraiser Blblg Society Emergency Appeal8- Ukralne et¢ Earthquak8. Turk&y Whltoley• Poppy Scotland 150 35 605 321 176 23 186 97 468