KENNOWAY, WINDYGATES AND BALGONIE ST KENNETH'S CHURCH OF SCOTLAND SCOThISH CHARITY REGISTERED NUMBER CONGREGATION REFERENCE NUMBER SC016733 2515C6 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 CUNNINGHAM GRANT CHARTERED ACCOUNTANTS
KENNOWAY. WINDYGATES AND BALGONIE ST KENNETrfs CHURCH OF SCOTLAND Conten Report ofthe Trustees Independent Exarninerfs Rep¢ Statement of Finaal Acts"1$ Statement of Finart4al PcK8rtb Noies to the Finana Slatements 8-17
KENNOWAY, WNDYGATES AND BALGONIE". ST KENNETH'S CHLRCH OF SCOTLAND
TRUSTEES, ANNUAL REPORT
The trLLStees prèsent thetr annual reFort and finanrial stat6Wts of the chanty frjr the year entsd
31Y Oecefflber 2Q24 The finanaal statements have prepaied in ac(ordanc wrth xuumng set
out in 1 to trE accounts and wrth tt General A5sembty Reguiabts for c0rgiegainal Finan. kne
ChantEs arnd Trustees In¥estrnent Iscotlendi kt 25. Ihe Charrtes Arunts l&otsrKJI Regulation$ 2( ias
amondl ané Accounbng and Rn9 ty Charrts" Statn#nt d R0MMnd#d PraLiKti aFviK•bb in the UK
and Repu1¢ of Irelaryj eifective from l J)Ltary 2019
OBJECTIVES AND ACTIVITIES
Th8 Chur¢h olSw¥and is Trinitarian in doctrine. Ref(wrned intraditi¢n •nd Presbyterian in It8X15ts to glorlfy
God and to work for Ihe athanc•nwt of Christs Klwcrn throughout the worfd. As 3 netion81 Church. it
a¢knowW a distinclive cal gf duty tj bring tr.e Ordinan of 910n ) thè p8(We ofevery pansh ol Scooand
thrOh a terntonal Trinssty. tt £o-q)erates other Churc15 in varioLS e0JftlraI bcxjies in Scovand and
beyond
coniifiuè lo worshp we8kly in Kennow¥y. with eKtra sÈrv¢e5 held when 8wropriate dunNJ th Christi4n
calendar. The service on the last s1&Y of the month is hekl in the WThgates InstrtKt¢e Slar church abo me8ts
on second Sunday of the Month when aderS arè availab to takè the servi(t There are 2 Gulds- one In
Kennoway and one n YgateS- who hold monthly [Tt9$ wth gLSt s8kerS Our WOVV group lairned at
aaults Wlh supp)rt neeasi D)ntsnue to meet on Ihe first &Jnday of Ihè month in the aftemoon
Vve hold a weokty coff04 rnorning on a TLsday whth B prowng very ptspuler. Al&Jdin's C¥Y¢ 1> also open at this
time giwThJ pewe the oKY)rtunty to pr up a bargain As a treat. a hcffi& baking stsll s ld 0tt85ionally on
Tuasday attre coffee momirKJ. thith Is abo Drowrrtj lo t very 5tKcesslul. hèkl a fvndraisng coff momir
In SeptÉntér fo¥ Macmillan Nursès ano we rawl £ Prayer¢¥wrtuThbes a pr(0 and Is a weekly
prayer meeting h8kJ in Ihe vestry on a Tuesday mrynirKJ. There Is a Pdstsral Care Team who a5SiSt the ministèr
with horne and hosptsl vi$ts Chatterb)x Is held on Ihe1
KENNOWAY. WINDYGATESAND BALGONie. ST KENNETFfs cHlCH OF SCOTLAND TRUSTEES. ANNUAL REPORT R THE YEAR ENDED 31 DECEMBER2024 FINANCIAL REWEW The prinokwl sourceol ncL¥ne 1st wular giving'5 ofthe membèrn ttrmLghtho Weekty Frotywll offenng Sch8me and by Standng Order. wrth Gfft Agd Tax recxweries wropriate. Incorre frorn offenngs was £48.365 12023 - £53.9551 Wllh tota unre5tnded Irwm& at £77.705 Restrrted Irthne was £18.62a The General Fund Llefiot was t2.(3 INVESTMENT MANAGEIIENT There a no swnificant invesbnents wuirry man•3ement. RISK MANAGEMENT The trusteès keep p)tethal rtsk aaS as safèJuardiThJ ol thiklren and vulnerab lLIts. safety issuos WKI fina184 resilienTr under revew at every meeting Safe9uwding risks are minimtsed by tre Safeguardiro Co- ordinat(x ensurès all volunteers arè woperty dsdosed. and apponted tranoj in Safeguarding. and that process&s 8re In plxE lo deal %Yilh any ISS thai ar15e Prop and safery iss(es a thè responsibility of the twslees adwsed by the Propbrty Con%enor. Both Ihese posts V.diD vacant arKI as a ternptrèry rneasur8. Sesson Clerk has undertaken these We remain hfill thatboth of these Kx>sthor6 wll bè fill In the naar f(rture Safety aThJ well- being of staff and gLKyJ empbyment practy.re We dèalt wlh by the trustees advi by th8 Seson Cl8rk arc L>apuls. FInanS are WLtlarly ty the Trust8e$ anLJ &Jvisd by the Treasu Any mai)r fin11 probktn te Lat wm Dy 5tewaFdship prramme5 aTrJ a review ( current o)sts. Thore 310 no Imm8dtste r&a$¢ms to exFeGI any SLkntial th9nges in attendar or finaal CMrtment which canr¥)t t resdved by Iha tru51ees RESERVES POLICY It is tho TrL¢tees' Wicy to hokj wre5tTLtsJ res5 (WKIJIng $(Ths IEld in de5yTraied fuThtsl sufficenl to cover normal general fvnd expÈndituro ffor several monlhs. but not exediny six months. At the year enrt, trE Church had a sutplu5 of£17.029 1£20.300 m 2D231 In urrestrided (ash funds ias explain5 in finaroal vI0W statementi There are no Iwally hekj fabrt reserve5, but sums nekl our be11 by the Ger31 Trustees provK a ¢ushKJn In Ihe event ol a major faMc need. R85trthd fuThJs totaliing Q1,542 1£20.188 in 20231 ar8 held for the SfiC purFoses slipulatetj by donots a1 a de(alÈ In rwjle 14 The Iwslees cons¥Jer Ihèsè rpseNe levels re8sMatrAe. but to So• a h¥her Gen¢r¥l Fund raswe in futurè STRUCTURE. GOVERNANCE ANO mANA{MENT ngregabon B a registered chanty. nurnir SC018733 and Y6 admini$tere¢ in accordarKe wrth the terms of the Unitsry Dd of Constrtuth)n and 15 5L>ject tc the Acis arKI Regulatio d the Gonor assblY of th• Church of Scotland All tsJness L8 1Jndert8k ty the rk Sessb)n. Members of l(Jrk Session are the ctsnty tnjstees arK1 are the eldets of the church and 8r2 chosen those mernbers of wh) a consKJered lo have aANopnate gifts and skiRs The m'ri¢-. a mÈmberol the rk Session. Is elected by the ojngegab'on and irJuraed by PresLrytw Tr aLts as moderator ol the session. The Kirk SessKJn nomxity meets SLX tine5 8 year tl undertaKe all cnurch business induding the wprowal cl rA)unts In Awl.
KENNOWAY. WNDYfjATES AND (%)NIE.. ST KENNETHS CHURCH OF SCOTLAND TRUSTEES. ANMUAL REPORT FOR THE YEAR ENDED MBER 2 24 Reference and Athinbstralwè Inf¢Jrmaiio SESSi3N CLIF CONTA ESS ) brae51de Kennoway File KY8 SLY INDF.PFNif..NT EXAMINER unningham Grant Chartered A(Lountants Unil G6 Granary Busin0$5 Centre Cupar Fife KY1S 5YO BANKERS Bank ol Scoll8nd High Slroot Leven Fifo TAVSTEES Trustees lall aro eldeTrl who serya at durry the yw up to tho date of snIng the fin8nck81 slaléinènis wJre
KENNOWAY. WNOYGATES AND 8ALGONIE. ST KENNETh'S CHiRCH OF SCOTLAND TRUSTEES. ANNUAL REPORT R THE YEAR EM) 31 DECEMBER 2024 Tru$is Responsibilit In Relation to tr9 Finanual Statemgnts Th¢ ¢hartty tntsts are reSgibbO farprepwng a trus5. annual mptsrt and finan¢itil ¥t8temtsnt$ in Jrdance th applicable la and Unit&J Accounb'w Standards (Unrted Gora1 Att8rrt&d A¢countrvJ Praclicèl. Thè law applicable to charithrys in Scotknnd requirès the tharity tru$tees to pffjpare finaro¥ ststements 8o¢h year which show a trutr and lair wew of th• 6tste of affairs of ts tharity #nrl of th• Incornng resourGes aThJ applicatn ol re8OWC8s, of thtr thanty for trt In pr•parng Ihe finar£i stat8m8nts. the trust••$ •rg 10 to Sel8Ct 5uitatye 8D))urtiffj aThJ t1 w Ihwn CCrnl¥nty,' the m8thoJ #rwj nc#ple4 in It ¥FF4ic4b4 Ch•ty•s SORP.. Make jwernents arJ e5bmates Ilwt ar• roa%Mabl• am pnKJent". Sta whth8r appIlb aC£tIr¥j Stsndas and ot reoJmmth1ed prxtKe ha b••rt followad. wt4ecl to any departyrns dirydos•d eXpined In tho fjnancgl St8Mnts, Pr8paftr the financwl $toments on t goinq &)M bo9 it to pregum• thaltré chanty will conb.nw n ¢yraliMI •ister. The Iru•tees im rryonsib for kepiry prcyef (X)Unn9 re(yyts fiich tjlsdose rea$(ab gtturacy at any time th¢ finarcial p¢$rton ol tho charity •nd to enabl¢ lo ensuffj trtyi the fin•n¢iai stalemenls comply wlh the Chants"es Tru8t•8 InvÈslrn8ni lknlaThll Art ?¢J)S and tIKt Chantk•& Accounts IS¢oVandl RegUti¢>n$ 2W6 la$ amendedl. Tfy are also resp)n¥ble for safeguardirvJ iheawts ofthe chafty and henc@ltak1r¥j roas()ablo steps for Ihtr pre¥enbon •nd d8lecbon cl fraud and olhor irwulwTrb•8. Th• tfUSt•e8 are rg$pon81)l& for tho m•iffttnar •nd integrity of bmj chafity orbj fnaThJal Infrym1on M ITh• conoraoAtion'svnbsrt8 Layislalion in United Krydom go¥•rning lh• proTaOn aiMarThn•bon olfin•no•l Statements may differ from Lslation In oth8riunsdthins. Approwl ty tle Trustee8 an¢ signpl ryl •hetr beb11F Se85.OT) CleTk D8ie $l¥lz5
KENNOWAY, WNDYGATES AND BALGOME.. ST KENNETPI'S CHURCH OF SCOTLAND INDEPENDENT EXAIANER'S AEPOR T ro TkE TRUSTEES OF ST KENNETH'S CHVRCH OF SCOTLAPIO Fofi THE YEAR ENOED 31 DECEMBER 2024 I report on ine accounts of ine chanty year endgd 31 December 2024 wllic are set out on pages 6 to 17 RESPECMVE RESPONSIBIIITIES OF THE TRUSTEES AND EXAMINER The Charity's tnJstee$ a resptsnsib for prewrwJ tt fnancial statèments in ar£ordan with b)e tern5 of the Chantw and TrL48tee Investrneni l&olarKII A(a 2(5 and Ihe Chanbes Accourts IScx)Vandl Regubtions 2[ las amendedl. The Charity tnJsÈe$ cons¥Jer that Ihe 8Jrt requirement of reyulw 10(1113I to Icl of tho Chantl86 Accounts regulations does nol appty. tt is my resnsibl1rtY to exarni wheVEr the lUnts as reqLBred under secb.on 441111¢) ofthe Act and to stste +etrr particulw rnatters havè ccffie to rny attentK)n. BASIS OF INDEPENOENT EXAMINER'S STATEMENT My examinah.on L5 carrEd out in afjcofdarce R8gulatr)n 1101 thè Char$ Accounts Iscotlandl R8Jubtions 2D(. An examinabon Indudès a rewew ol the accountiro records kept by the charty antt a comparison ol the accounts presented wtlh mosè records rt also w)CJudes consvjerabon of any unusual Items or disdosures in Ihe accounts. and seeks eana1)n3 from the trustees C([n¥¥j any such mallet5. The proCeaTeS ulldertaken do nDt provide all thè ¥ence that woukl t r1r8d n ¥ ajdrt. conwuenyy I do Thot express an audit opir4on on Ihe view given by the acc£Jnts. INDEPENDENT EXAMINER'S STATEMENT In the ol my oxaminatrjn. no mattw has to my attwon 1 which oiv8s Mè cause to telve that In any rnatena the requifftnts". iaito Keep acc(xJnlirMJ records in accordance 5edion 4411llal of tr 21X)S Act and RulatIon 4 of th8 20(b A(xtyJnts RwJui4Dws las amep¢Jedl. and Ibl to weparE accounts vkni¢h axord wth the a¢xountiry rec(nJs arKI cnplY Regulats"OA 8 olthe 2C Accwnts ReguiztThs las arfrK1*dl have not fi. or 2 to wh. in ry cpiTron. atsnbon sh)uhJ te drawn to enatk a propèr uxler5taTrJirvJ ol the aCCUUnLS to reaijled CuThnin9ham Grarnt Unrt G6 The Granary Busness Cefilre Cupar Frfe KY15 5YQ
- (N ty- C4 (FJ Ci ¢Li Vi 0 (y Jrtryry ¢L* -0 ovi 4fj Q 7i
KENNOWAY. VVINOYGATES AND BNLGONIE ST KENNETH'S CHURCH OF SCOTLANO BALANCE SHEET AT ECEIABER2 Tot•1 FuThJs 2024 Prior Y¢ar 2023 FIX ET Tangoie assets 1,028 1.543 RR Debtors Bk and cash 1101 3.311 39,038 2.135 40.421 42,349 42,5 Creditr)rs foling due knithin one y4r 2.C8 40.781 40.488 41.789 42.031 R8strrtod ineom• lun 22,¢)09 19.780 20,188 21,843 RITY F 41,789 42.031 The accounts were awo¥*d by the sess For and on behalf ol iho Sess Iqxs so"¢n Clert. Treasure"
KENNOWAY. WINDYGATES AND BALGONIE". ST KENNETrfs CHURCH OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS R THE YEAR ENDED 1 DECEMBER 111 ACCOUNTING POLICIES The prirwial acu)unbng politiès. whth have been appl cx)nststeftty in ts ¢utrenlaTrJ preding yearin ¢aling with rtems which are nSKyered to be matenal to accc4Jnts, are set out below BASIS OF ACCOUNTING The finanr#al statemerrts havebeen wep¥•d in aorortsncowlhAccthnbNJ Rerti) by Charitw". Staternent of Rec1Men Pradice lble to thanbes pfepanng their a(t(MJnts in acwrdan¢ with the Finanthal Reportiro Standards aFplickn In the UK Repth ol Ireland IFRS 1021 leffthe 1 January 20191 and the Finall81 Reportsrg Standards applicabk In thè UK aThY RebI of Ireland IFRS 1021, the Charitses and Trustaès Investsnent Isenllandl Act 2005 and the Cha¢tss AcccAJnts Iscouandl ReguKabons 2(th las amendedl. The financial ststements are PTapare¢ In sterfirKd. IunLtcnal r)J ol the Charity and are rovndod to the nearest £ Thè charity o)nsts"14ttes a Publ Benefft Entsty as deffineAI by FRS 1¢r2 GOING CONCERN The Trustoes consider thai there a no matenal nrta#ie$ ab)ut the abtlity of the charrty to cwtinue for the foreseeabk future. and trElore has adopted lh8 goiThJ con basts in wepanng these financ481 statements. The Trustees have considereLI a of 12 months fr date ol approval of fv fina481 statements. FUND ACCOUNnNG unrestrteLl fvThJs are avarfatAe foru4e atthedi5c¥ebon olts TnJsts In fvtherantèoftheircharitabkn obJ"ectNès. unstn¢e bjnds irtlLKle deswjnated fvfKÉs vthere Trtees. * their disubb. have uèated a fvnd for a Speci purposè. Restncted fvnds aro subject to speeJ tsjndibons by dory)r5 as to they may t U5e(l. Furthèr èxpkgnats.on of th¢ natu and purFrf)se of eath lund Is IThjje<j in the rKJles to finaroal ststents. INCOMING RESOURCES Income is recc¥Jnised in the accounts Ihe chty i8 antilled to thè fijnds. any rfrnartt cond'0n9 have tren met. the can Irul&j reliy. aThJ rt is prrknable that wll be recad. Cash donations are reo)gnis8d on receipt Ollr donatss arè rerxgntsèd On the tharty has toèn notified of donab"on, Un$$ perfoftnae coftjthns require defeffal of the amounl Irwne lax r?coverab in rejatson to donabor6 recewed un(Jer Grft or deets ofcovenant i8 at tsm? of the dallOn. Revènue grants am uedrted to thè incry aTrJ exrtUre Ctyjt in Ihe pentsd to whth thèy relate. Capital grants are recognised in Ihe str1QntofFln8r Alt as a reStrted fund when Ihey a r1vabl8. The fijnds 11 t* redu over the USefr ec£¥w)mK life ofthe asset in wrth ts tsprea8kn.
KENNOWAY. ¥MNDYGATES AND BALGONIE". ST KENNETH'S CHURCH OF SCOTLANO NOTES TO THE FINANCIAL STATEMENTS R THE YEAR ENDED 31 DECEMB R 2024 111 ACCOUNTING POLICIES DONATED SERWCES ANO FACILITIES Donated professional se1$ and donated laolilies aré Ternj as when chanty has tontrol over the Itern. any ¢or¥Jitions asscwied wAth the (kjnated rtem been met. Ihe recapt of •thnornic benefft from use by the chanty of the Item LS yobabkn that th8 e0)n7) tengfft can bè measured rfrliabfy In ac£ordanc wlh the ChantS SORP IFRS 1021 the gen8fal volunt8ertsme of congr•3atyon meMrn ¢5 rKJl feetsJn158d On r8tpt, donatsd proItsoal serwrm ar#J donatod faolrts ore recc4jnL on the basis olthe value ofthè gill to the tharity which is ihè arnount the charrty Woukl have tthn willir¥J to pay to rA)tain Ser¥e5 or facilili&s of equN8bnt ecOn(M tnefit on the open markel a correspthling amount LS tt)trn recogniset183 expendituré In the of re¢xipt. EXPENDITURE E¥p8ndrture, IK11rj ants In the support afyj gifts lo Indivbjuats and charitaw lrthtytub0, 1$ acwunted for on an atcrua15 ba$1$ arK1 has bBen ¢lasgfied undar hgadir4J8 thai a3gwate 811 tosts relatsd to category Expendrture indeS any VAT vthich canmt be fvlty rec4Mfl. r•KtJrt•d aj pgrt oftr •XFendrtur& to whi¢h it relates Chantsble •xp8fKliiure ¢cmprtsos thgse ¢ts by the chanty in ts delwery ol rtj a¢tswb88 ar 8oNc88 for its beneficianes. It Includes both cc4ty th¥t be threctty to Slth ¥c'wtss and thoBO COSt8 018n indirect nature nece8Sary to suFport tffl Gov•rnance cc6ts lts)se rturrtyj In th8 of tha th8rity and ts 48s•ts and ar• primarify a$ated wth corAtrtuknal ¥ThY 8tatuW r•quiwenls. TANGIBLE FIXED ASSETS The Charity has the rwJhl to CttLW w¥J chanlth obiticts certafft tangitAe fix•d assets, inthjdfftg the Church. ha115 and mans•. ted In th& Churth gf ScoUaThl ral Trusts No cMswJ•rafron Is payabl¥ for the usè af these assets ExpeThYilur• Incurned on tho rowr and moint•nance of th8se assets 18 charg•d B¥ resourc1 •xp•nd¥d in Ihe statémsnl of finar91 In the In wh the liability arts•s Toryible fixed are statsd at ¢1 less accJJmul•i¢d depr•CWti¢ Dnd accthmujoted inpaim)•nt Ios868. Co$t in¢4Kles cthts dirgdy attnbuI8b to making th& 4s#èt QF•ral• 88 InteTrJed. D¢preualion has been proviw on all tangibkn fix•d agsets ai r8t¥5 cclad to wnte olf o)st, olimated residual valuè. of each ass•1 a Systemat basis ¢)¥er rts eXFrtted uselul li 85 loTrky•A" Equipm•nt- 4 years $trab3ht hr CASH AND CASH EQUIVALENTS Cash and casl) equivalents are basic finanoal IngtnJm8nts wh¢ch Ind¢Je cash in hand. ¢Japosits hehl at e•ll wth banks. other shry¢-terni 14Uhd In¥estments wilh oTrJinal mabJnbos of throe months of *ss, and bart ov•rdroft6
KENNOWAY, WINDYGATES AND BALGONIE" ST KENNETTrfs CHURCH OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS RTHEY AR ENDED EMBER 2024 111 ACCOUNTING POLICIES FINANCIAL INSTRUMENTS B8s1¢ financial assets Basic financial assets. whith IndLbl8 cash bank bal. a inthlty mèasu1 at transaeb pnce Induding tranSactn costs a1 are subsequently cam8d at wnthsed cost usirrtj the affEcti¥e Interest methrxl Un58 the arrangemèntconstilutes a finanaThJ transacbon. Ihe transaton Is measured at Ihe present valu8 of Ihe luture at a mèthet rate of thtsi•st Finanoal ass•ts dassffi8d as within ong year are not amortlS8d Basic frnamal Iiabil¢t Basic finanaal liabilit, IndLbthrrfJ (Yedrtors and bank h)arya, are inthally rewnis•d at tran3ath.on priee unless th& arrangemènt corotrtutes a financtng tr8nsadlc. %there the debt Instrument LS m•a5ure(l ai pffjsènt value of th fvture paymtrnts di$Un at a market rate ol Intsr8St Finan0 Ikthlitw clas a8 payab wthin or• y•ar are not arno¥8. 08bt in¥lwmenis am su1)Wnty carj 01 orn0rtd cg)st. usirg •ff•cb¥e inler•st ratè rnelhod. Trad8 cr•Jitorg are ¢)bIlgath to pay lor goods or that hm bwi awuirod m th• ordinary courn• of operab'ons from supplts Arnounts payaty• are cbgfied as eurront liats18$ rf payrnont Is duè wrthin y•ar or le6s 11 not. they are present•d as non<urrent lia111 Trade cr•Jrtors are rectsJnise<l Ini1lty 8t transactyon pricè and subseqnty mts¥5ur&J at amorttsJ cost Using th• ¢ffectsv8 rnethJ. TAXATION ¢hanty Is •x•mM from tax on ts ¢harrf¥b ath"bo. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS In tha 8pplic8bon ol the thanty's aecounbry polws. th• Trustees am wyir&J to mak¢ iudgem•nts. ¥3tsm8t•s and assumptions aboth Its ¢2rrying ol assèts an¢J 14bilit5 Ihat arn not rgaolity apparènl from othèr sourc8s. estm8tes and 8sgooatthl 355UrnPtion$ ar• based on hltal eXnenC• aTrJ olher f8etoTr Ihat ar ¢)nSIdred to be le9nt A¢tual re8u¢ts may differ frorn osthaths. èstimates and undèrfyin9 assumptiorts are revwed ¢)n an onts¥)Iro tyasis ReviSiL 10 occounfrrrfJ egbm8t•s arè recognised In penod In which ts estym8te 1$ rèwged wher• Ihe revL8W only that pariod. or In thè p•noJ of the •nd fiJbJr• p•nctyJs w*we thfr aff•cis both Then1 aTrJ fvlure penod8. io
121
In¢Dtsla)v fr¢D - ajm 00 ¢oov¢4 ¢)J I ry
KENNOWAY. WINDYGATES AND LGlE ST KENNETH'S CHURCH Cf SCOTLAND NOTES TO THE FINANCIAL STATEMENTS R THE YEAR ENDEO 31 DECEMBER 3)24 2024 2023 17] STAFF COSTS SalarÉs and wag0S Social So¢unty costs 3.744 3,744 The averag• c4 empby••8 dwng ts >•ar WOB 88 lollowj Pr8mi$•$ m•inlenw No ¥mployee hw) teneflts In exc•ss of £iJo.(KKI12023- 01 All Church ol S¢olid con9reg8ik)ns c0rtrirt¥ tts Ihe Natsonal StP8nd Fund Ih8 cost of all rninisiers, stindS an¢J ernyloy&s contnbuDons na81 Inwrancg, nsIon and housirg loan lyThJ MiniJlers' JtlFend$ are paKJ In lh8 nauonal Strnd $¢aSe. whiL Is rdated to y4ar5 of seNc•. For the year un¢r thg minwmwvt way £31.642 max))um stpano (in th& 5th and sub$eguent yearsl e38.e84 181 TrVSTEE REMUNEFIATION AND RELATED PARTY TPANSACTIONS ¢oi%d fvnbur8•))•nt of tfaNYJl •ThJ lid 01 £98012023- £9EQI -'Obnc I lam paid by the congreggbofi wos tt.27512023- £2.2211 PaFi$h AaaonI IMDSII nbseMe of tra¥l aThJ exper 01 £1.OCQ rust••. r•e•%d £3.744 for •¥ b••YI•. 12023. £312). Dunng Ih• y•ar a tclal 91 £22.87512023- £23,465) wo• donated to fv *))ng¥•3ation by Iruiton.
KENNOWAY. WINDYGATES AND BALGONIE.. ST KENNETrfs CHURCH OF SCOTLAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEM8ER 2024 191 TANGIBLE FIXED ASSETS Equirmant At 31 Decémber 2tr23 2.058 Addthons DtsFM)sals At 31 Dec[ 2024 2.058 At 31 Decemter 2023 515 Charge For year Disposals 515 At 31 Oecernber 2024 1.030 NetB kv I Al 31 DecemL*r 2024 1.028 At 31 Oecember 2023 1,543 2024 2023 1101 DEBTORS Trade debtors Gift Ai<J tax lUnd due Prepaid eypen5e5 Other d8bto¥s 770 280 1.085 770 701 154 3,311 2.135 14
KENNOWAY. WINDYGATES AND BALGONIE.. ST KENNETH'S CHURCH OF SCOTLAND NOTES TO THE FINANCIAL STATEMEKrs HE YEAR END 31 DECEMB R 2024 2024 2023 1111 CREDITORS- ornounts due v*thin one yea( Accrua 1.588 G&n8ral Restrict8d Tatal 1121 ANALYSIS OF NET ASSETS TaTrJibk as$6ts Current assets Current14biliti8s 1.028 20.340 11.5881 1,028 42,349 11.5881 As at 31 D8cemter 2024 19.780 41,789 TarJ assets Currènt assets Current liabilibes 1.543 42.556 12.0681 20.188 12.0681 As at 31 Decber 2023 21,843 20,188 42.031 1131 VOLUNTEERS In common with all cwwab"on$ ol th8 Church of Sco¥aTh4 Ihe coNJr8gabon beneffts Ircffl the contribution rnade by Vunteets who gNe th•r Ime and talents wllingly for the benefit of Ihe Church. The aa$ of congregational lrfe %thi¢h lY on the contiibubon ol volunteers a many and varied and much olthe a¢b"ty btr unajte to conbnua rt not lorthe t)ynmthwnt shry•m. 15
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KENNOWAY, WINDYGATES AND BALGONIE.. ST KENNETrfs CHURCH OF SCOTLAND APPENDIX FUNDS HELD ON BEHALF OF THE C NGREGAMON BY THE CHUR F SCOTLAND ENERAL TR STEE 2024 CAPITAL Mathèt value of balanett ot 31 2024 70.111 Invesbnèn15 Ot cut al 31 DÈc•mtrr 2024 47.729 REVENUE Cr•drt bolance at 31 Cewntr 2023 8,872 DivHlends 8nd interest recei¥d Administration costs 2,798 11631 Cr•drt balance at 31 D¢¢emr 2024 11,505 TEMPORARY ACCOUNT Debrt balanc• at 31 Oec4mber 2023 Propoty ¢0918 2.480 D¢bit lance at 31 Derni 21Y24 2.480 JrirKJ Iha y••r the Gera1 Tru8tts¥ transferred hekj In thr•• uthJer.ry Indlwduolly Insd Funds into th• Trndthonal Mixed Fund as ab)¥*. Th8 2023 comparab'vss 2023 CAPITAL Th• Church ol ScotsThJ Invastors TNst I¢ FuThJ Growth FuThJ D8POWt Fund 13,831 39,306 13,140 Market Val ol balances at 31 DOc•M 2023 86,277 InwJb7)•nt5 at co¥t al 31 Oec•mbèr 2023 47,729 REVENUE Credil balanc6 at 31 December 2022 6,913 DldendS Internst Tr¥8 Administratson cosls 1211 Credit balan at 31 tlecembaf 2W23 8.872 18