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 Fina￿al 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 c0rgiegai￿nal Finan￿. kne
ChantEs arnd Trustees In¥estrnent Iscotlendi kt 2￿5. Ihe Charrtes Ar￿unts l&otsrKJI Regulation$ 2(￿ ias
amond￿l ané Accounbng and R￿￿n9 ty Charrt*s" Stat*n#nt d R￿0MM￿nd#d PraLiKti aFviK•bb in the UK
and Repu￿1¢ 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
thrO￿h a terntonal Trinssty. tt £o-q)erates other Churc1*5 in varioLS e0Jft￿lraI 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 s￿￿1&Y of the month is hekl in the WTh*gates 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 [T￿t￿9$ wth gL*St s￿￿8kerS 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 TL*sday 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 SeptÉ*ntér 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$ts Chatterb)x Is held on Ihe1<st ofttE and gives community an
OPKK)rtunty to corne alwKJ and be entertained and have a cumia with In8nds Open door meals ￿ath ¢xJl to those
who a￿ hometh. In iernwary acc￿rn￿at¥)n or dealing with drug anrF alcohol d￿nd￿neY Thi5 is on
Wednesday nyht ar*Y prowhjes anYoneW￿0 att￿dS a free meal antl bags of grctenes and any other supp¢yt that
we may tse aNè to offer. The office Issbl Strffed on a vdunlary basiswilh Offi￿ ￿su￿ b&in9 Tuesday and Thursday
10-12. ath0￿￿ ihe5e can vary aepenaing on avaiiabilrty
There afè various fundraissry *Dnti•$ h9ldthro￿hOUtth8YO?r- Spnrg ChTh$tM￿ FairJ. quiz nights, cAKlhs.
Can￿rts etc. and the &Jilds ts)Id daffodil lèas arKI afterTr￿n teas Clxjrch preM￿S ar• made availabl@ to other
omrnunity grout6 suw to availabilty a￿1 tr.8re Is a vacaratK)n hekj in ￿ Smart Hal every Friday
aftem¢Th Our hal was ty)oked for the General Eleciion arxl Fite Hc#JsiThJ Gro￿alSO brthdth$ hall 6 month
gebrYJs to wovide InfortF7atson io resthnts of ￿enr￿ay.
Our minister. th
2$be•n in rt6ttoraknost 7 years rthi an
emains as our P•rtyh
Assistant The
e past(Y81 care and s¢Jrwrt for anyone In the pan4h who wks rt This Includes
bereavement care and fJneral Se*l￿s. hune arxl trb)5Pltal vsits In the year ￿ 31$. Dewnber 2024 tsre were 14
lunerais, O l￿ddIngS aThJ O b4)tysms
Th& miTh$ty te8rn 8erves as che￿81￿ lo Bel¢uryE. Kennoway. Miton Stsr prmary schol￿& rewlaty
invO￿d in assemblies 2Th1 clas$woth T￿Y 3re also part ofihg chaplancy at Levenrnouth kndemy
It is £n Important part of the v6ion of Sl Kenreth s Parish Church trat W￿ are here Its 58r¥8 ourwMl& porish. and
notjust our ow) mérnt¥s. communicats￿ Ihe l(Ne of Gthj aTrJ shomro It In prathcal ways is at the heart ofall we
do seek to gwe opty)rtunth"es to worship. ￿aM and serve, Ihal giwng so)pè gifts ofall
m&mbÈrs to devdop Is knr th8 of a￿.
ACHIEVEMENTS AND PERFOFIMANCE
AtteThJanee at worsh,p is typically in thè range ofso 70 pewè In KennNay. 2540 pewe in Wndyga¢e5 Institute
and 10-20 pecvle at Star. Events and or9￿03t￿nS are in mc&1 casès well SUpr￿rted aThy t(xnrnittod ￿ad•r¥ h01p
to keep tr*org3nL5atonal lrfe oftr*wgregatrJnheaMly W)rshipprovth altemative folmsofworship
and has a committed fol(Ming There We. unfv)rtunatety m oJrrent SurKlay rnorning chJkJren's groups
Wndygates chur¢h •nd ￿￿.￿J1￿> hw¢ been wrton the rnarf4￿ sale a￿j an offer h&s a(x￿led Thts wtll
ho￿fvIty bè condudèl earfy in fv rwyear

KENNOWAY. WINDYGATESAND BALGONie. ST KENNETFfs cHl￿CH 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 a￿aS as safèJuardiThJ ol thiklren and vulnerab* *lLIts. safety issuos WKI
fina￿184 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 h￿fill 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
Ses*on Cl8rk ar￿c￿ L>apul￿s. FInan￿S are WLtlarly ty the Trust8e$ anLJ &Jvis*d by the Treasu
Any mai)r fin￿￿1￿1 probktn te L*at wm Dy 5tewaFdship pr￿ramme5 aTrJ a review (* current o)sts. Thore
310 no Imm8dtste r&a$¢ms to exFeGI any SLkn￿tial th9nges in attendar￿￿ or fina￿al C￿Mrtment
which canr¥)t t* resdved by Iha tru51ees
RESERVES POLICY
It is tho TrL¢tees' Wicy to hokj wre5tTLtsJ res￿5 (WKI￿JIng $(Ths IEld in de5yTraied fuThtsl sufficenl to cover
normal general fvnd expÈndituro ffor several monlhs. but not ex*ediny six months. At the year enrt, trE Church
had a sutplu5 of£17.029 1£20.300 m 2D231 In urrestrided (ash funds ias explain￿5 in finaroal ￿vI0W statementi
There are no Iwally hekj fabrt reserve5, but sums nekl ￿ our be￿11 by the Ger￿31 Trustees provK* a ¢ushKJn
In Ihe event ol a major faMc need. R85trthd fuThJs totaliing Q1,542 1£20.188 in 20231 ar8 held for the S￿￿fiC
purFoses slipulatetj by donots a￿1 a￿ de(alÈ￿ In rwjle 14
The Iwslees cons¥Jer Ihèsè rpseNe levels re8sMatrAe. but to So• a h¥her Gen¢r¥l Fund raswe in
futurè
STRUCTURE. GOVERNANCE ANO mANA{￿MENT
ngregabon B a registered chanty. nurni￿r SC018733 and Y6 admini$tere¢ in accordarKe wrth the terms of
the Unitsry D￿d of Constrtuth)n and 15 5L*>ject tc the Acis arKI Regulatio￿ d the Gonor￿ ass￿blY of th•
Church of Scotland All tsJ*ness 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 ir*Juraed 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 s￿nIng 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$i*s Responsibilit￿ In Relation to tr*9 Finanual Statemgnts
Th¢ ¢hartty tntst*s are reS￿￿gibbO farprepwng a trus￿5. annual mptsrt and finan¢itil ¥t8temtsnt$ in J￿rdance
th applicable la* and Unit&J Accounb'w Standards (Unrted Go￿ra1￿ Att8rrt&d A¢countrvJ
Praclicèl.
Thè law applicable to charithrys in Scotknnd requirès the tharity tru$tees to pffjpare finaro¥ ststements ￿ 8o¢h
year which show a trutr and lair wew of th• 6tste of affairs of ts tharity #nrl of th• Incornng resourGes aThJ
applicat￿n ol re8OWC8s, of thtr thanty for tr￿t In pr•parng Ihe finar£i￿ stat8m8nts. the trust••$ •rg
￿1￿0 to
Sel8Ct 5uitatye 8D))urtiffj aThJ t1￿ w Ihwn CCrnl¥*nty,'
the m8thoJ #rwj ￿nc#ple4 in It* ¥FF4ic4b4 Ch•ty•s SORP..
Make jw*ernents ar*J e5bmates Ilwt ar• roa%Mabl• am pnKJent".
Sta* whth8r appIl￿b￿ aC£￿￿tIr¥j Stsnda￿s and ot reoJmmth1ed prxtKe ha
b••rt followad. wt4ecl to any departyrns dirydos•d eXp￿ined In tho fjnancgl St8￿M￿nts,
Pr8paftr the financwl $to*ments on t￿ goinq &)￿M bo9* it to pregum•
thaltré chanty will conb.nw n ¢yraliMI •ister￿.
The Iru•tees im rryonsib￿ for ke*piry prcyef ￿(X)Un￿n9 re(yyts *fiich tjlsdose rea$(￿ab￿ gtturacy at
any time th¢ finarcial p¢$rton ol tho charity •nd to enabl¢ lo ensuffj trtyi the fin•n¢iai stalemenls comply wlh
the Chants"es Tru8t•8 InvÈslrn8ni lknlaThll Art ?¢J)S and tIKt Chantk•& Accounts IS¢oVandl RegU￿ti¢>n$ 2W6
la$ amendedl. Tf*y are also resp)n¥ble for safeguardirvJ iheawts ofthe chafty and henc@l￿tak1r¥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•ifftt*nar￿ •nd integrity of bmj chafity orbj fnaThJal Infrym￿1on M ITh•
conoraoAtion'svnbsrt8 Layislalion in United K*rydom go¥•rning lh• pro￿Ta￿On 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 8￿Jrt requirement of reyul*w 10(1113I to Icl of tho Chantl86 Accounts
regulations does nol appty. tt is my res￿nsibl1rtY to exarni￿ wheVEr the ￿lUnts as reqLBred under secb.on
441111¢) ofthe Act and to stste *+etr*r 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 e*￿ana1￿)n3 from the trustees C(￿￿*[n¥¥j any such mallet5. The proCea￿TeS ulldertaken do
nDt provide all thè *¥￿ence that woukl t* r￿1r8d 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 tel*ve that In any rnatena the requifftnts".
iaito Keep acc(xJnlirMJ records in accordance ￿ 5edion 4411llal of tr* 21X)S Act and
R￿ulatIon 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 c￿nplY ￿ Regulats"OA 8 olthe 2C
Accwnts ReguiztThs las arf*rK1*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
B￿k and cash
1101
3.311
39,038
2.135
40.421
42,349
42,5
Creditr)rs foling due knithin one y*4r
2.C*8
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 pre￿ding 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 Re￿rti￿) by Charitw". Staternent
of Rec1￿Men￿￿ Pradice ￿l￿ble 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
Finall￿81 Reportsrg Standards applicabk In thè UK aThY Re￿bI￿ 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 ￿n￿rta#￿ie$ ab)ut the abtlity of the charrty to cwtinue for the
foreseeabk future. and trE￿lore 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 fina￿481 statements.
FUND ACCOUNnNG
unrestr￿teLl fvThJs are avarfatAe foru4e atthedi5c¥ebon olts TnJst￿s In fvtherantèoftheircharitabkn obJ"ectNès.
un￿stn¢￿e￿ bjnds irtlLKle deswjnated fvfKÉs vthere Tr￿tees. * 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 IThj￿je<j in the rKJles to finaroal stste￿nts.
INCOMING RESOURCES
Income is recc¥Jnised in the accounts Ihe ch*ty i8 antilled to thè fijnds. any ￿rf￿rnartt cond￿'0n9
have tr*en met. the can Ir￿ul&j reli￿y. aThJ rt is prrknable that wll be reca￿d.
Cash donations are reo)gnis8d on receipt Oll*r donats￿s arè rerxgntsèd On￿ the tharty has toèn notified of
donab"on, Un￿$$ perfoftna￿e 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 d￿allOn.
Revènue grants am uedrted to thè incry￿ aTrJ ex￿￿rtUre ￿Ctyj￿t in Ihe pentsd to whth thèy relate.
Capital grants are recognised in Ihe str1￿QntofFln8r￿* Al*￿t￿ as a reStr￿ted fund when Ihey a￿ r￿1vabl8.
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 se￿1￿$ and donated laolilies aré Ter￿n￿￿j 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)n￿7)￿ tengfft can bè measured rfrliabfy In ac£ordanc* wlh
the Chant￿S SORP IFRS 1021 the gen8fal volunt8ertsme of congr•3atyon meM￿rn ¢5 rKJl feetsJn158d
On r8t*pt, donatsd proIts￿o￿al serwrm ar#J donatod faolrt*s 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￿ t*nefit on the open markel a correspthling amount LS tt)trn recogniset183 expendituré In the
of re¢xipt.
EXPENDITURE
E¥p8ndrture, I￿￿K11r￿j ￿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 ind￿￿eS any VAT vthich canmt be fvlty rec4Mf*l. 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 t￿ffl
Gov•rnance cc6ts lts)se rturrtyj In th8 of tha th8rity and ts 48s•ts and ar• primarify
a$￿ated wth corAtrtuknal ¥ThY 8tatuW r•quiwenls.
TANGIBLE FIXED ASSETS
The Charity has the rwJhl to CttLW w¥J chanlth obiticts certafft tangitAe fix•d assets, inthjdfftg the
Church. ha115 and mans•. ￿ted In th& Churth gf ScoUaThl ￿r￿al Trust*s No cMswJ•rafron Is payabl¥ for the
usè af these assets ExpeThYilur• Incurned on tho rowr and moint•nance of th8se assets 18 charg•d B¥ resourc￿1
•xp•nd¥d in Ihe statémsnl of finar￿￿91 In the In wh￿￿ the liability arts•s
Toryible fixed are statsd at ¢￿1 less accJJmul•i¢d depr•CWti¢￿ Dnd accthmujoted inpaim)•nt Ios868. Co$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 c￿c￿la￿d 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 mèasu￿1 at transaeb
pnce Induding tranSact￿n costs a￿1 are subsequently cam8d at wnthsed cost usirrtj the affEcti¥e Interest methrxl
Un￿58 the arrangemèntconstilutes a finanaThJ transacbon. Ihe transat*on 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$￿Un￿￿ at a market rate ol Intsr8St Finan0* Ikthlitw clas*￿￿ a8 payab￿ wthin or• y•ar
are not arno￿¥8￿.
08bt in¥lwmenis am su1)W￿nty car￿j 01 orn0rt￿d cg)st. usirg •ff•cb¥e inler•st ratè rnelhod.
Trad8 cr•Jitorg are ¢)bIlgath￿ to pay lor goods or that hm bwi awuirod m th• ordinary courn• of
operab'ons from suppl￿ts Arnounts payaty• are cbg*fied as eurront liats1￿8$ rf payrnont Is duè wrthin y•ar or
le6s 11 not. they are present•d as non<urrent lia￿111￿ Trade cr•Jrtors are rectsJnise<l Ini1￿lty 8t transactyon pricè
and subseq￿nty mts¥5ur&J at amortts*J cost Using th• ¢ffectsv8 rneth￿J.
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 14bilit￿5 Ihat arn not rgaolity apparènl from othèr
sourc8s. estm8tes and 8sgooatthl 355UrnPtion$ ar• based on h￿l￿tal eX￿nenC• aTrJ olher f8etoTr Ihat ar
¢￿)nSId￿red to be le￿9nt A¢tual re8u¢ts may differ frorn osthaths.
èstimates and undèrfyin9 assumptiorts are rev*wed ¢)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 ￿LG￿lE 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¢oli￿d con9reg8ik)ns c0rtrir￿t¥ tts Ihe Natsonal StP8nd Fund Ih8 cost of all
rninisiers, sti￿ndS an¢J ernyloy&s contnbuDons ￿ na￿￿81 Inwrancg, ￿nsIon and housirg loan lyThJ
MiniJlers' JtlFend$ are paKJ In lh8 nauonal Str￿nd $¢aSe. whiL* Is rdated to y4ar5 of seNc•.
For the year un¢*r thg minwmwvt way £31.642 max*))um stpano (in th& 5th
and sub$eguent yearsl e38.e84
181 TrVSTEE REMUNEFIATION AND RELATED PARTY TPANSACTIONS
¢oi%*d f*vnbur8•))•nt of tfaNYJl •ThJ li*d 01 £98012023- £9EQI
-'Obnc I lam paid by the congreggbofi wos tt.27512023- £2.2211
PaFi$h Aaa￿onI IMDSII n￿b￿seMe￿ 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$6ts
Current assets
Current14biliti8s
1.028
20.340
11.5881
1,028
42,349
11.5881
As at 31 D8cemter 2024
19.780
41,789
Tar￿J￿￿ assets
Currènt assets
Current liabilibes
1.543
42.556
12.0681
20.188
12.0681
As at 31 Dec￿ber 2023
21,843
20,188
42.031
1131 VOLUNTEERS
In common with all cwwab"on$ ol th8 Church of Sco¥aTh4 Ihe coNJr8gabon beneffts Ircffl the
contribution rnade by V￿unteets who gNe th•r Ime and talents wllingly for the benefit of Ihe Church.
The a￿a$ 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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-WJth
*OO
.Jiii$,I'
Si£2e>ffj
C&LtLo •c
C LL CL CL O
L)LiV)2uv)>

¥)
1¢)
Vofw

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•mtr*r 2024
47.729
REVENUE
Cr•drt bolance at 31 C*ewnt*r 2023
8,872
DivHlends 8nd interest recei¥*d
Administration costs
2,798
11631
Cr•drt balance at 31 D¢¢em￿r 2024
11,505
TEMPORARY ACCOUNT
Debrt balanc• at 31 Oec4mber 2023
Propoty ¢0918
2.480
D¢bit ￿lance at 31 D￿erni￿ 21Y24
2.480
JrirKJ Iha y••r the Ge￿ra1 Tru8tts¥ transferred hekj In thr•• uthJer￿.ry Indlwduolly
In￿s￿d 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
D￿ldendS Internst Tr￿¥8￿
Administratson cosls
1211
Credit balan￿ at 31 tlecembaf 2W23
8.872
18