The Church of Seotland Inverurie West Parlsb Church Congregation No. 331973 Scottish Charity No. SC016907 Congregational Accounts for the year ended 31 December 2024
Trnrtee•' Rrt Year end¢d 31 December 2024 Th¢ trustees pT¢sent their annual rert and fllwicial statements for Inv¢nrie We Parish chUb for the 4T ended 31 Dernber 2024. Th¢ statements hav¢ be¢n prepred in a¢cordane¢ with the aceoimtitig policftes 5Ct out In not¢ I to the accounts and cnplY witb the General Assembly Re8vIv4tions foT Cowegatiooal Finao¢e, the Charity and Tru6ts¢ ]nvestment (Scotland) Act 2(X15 , th¢ Charities Accounts {S¢ot1) R¢8ulations 2(X)6 {as amellded) and the ALYoimtiD8 and Reporting by Charities.. Stalmfflrt of Recommended Practice applicabk io the clwitias preparing thetr accounts in accordance with the Financial Reportitig StaDd pplicable in the UK And Republic of Ireland publish¢d on 16 July 2014. Objective8 and Activlti¢• Th¢ Church of Scotlattd 18 TTtDitarian in d(thin¢, Refornied in tradition and Prcsbyterian in licY. It exists trj glorAfy G¢)d and to work for the advancemeDt of Clrist's Kingdom througlM)Ut the world. As a national churc it acknowl¢dges a distinctive ¢a]l and duty to bIin8 the OTdin4w¢s of religion to the people in ev¢ry parish of Scotjond through a tfflritorial rnini8ty. Itc(wcrnteJ with (rthcr Churcbes iti Vario ¢¢UMenal bodAe8 tti Swtland atsl Lwnd. Servic¢s of Worsbip normally take place once a week. The is a JunAor Cknb 8T01 and a Guild meetin8. The Con8rwtion atE also Involved in a wid¢ rnnge of Social Events and Communlty Artiviti Achievemen1 And PerforAuan& 2024 proved to bc anoth busy and rewarding year for the congregation of Inverurie W¢s1 Parish Church and thorough the shared faith of the congre8ation, rcmains an active presence in the town of Invenllie. Und¢r the ministy of he cojwwtion continue8 to find and develop new and nan1[u1 b'ays of wo IppJn8, celebrntiD8 and Affinning essential ¢l¢ments of our sbaTed Sullday Bervices at thc W¢8t ChUh ar¢ a bleThl of traditiowl and contemporarywoysbip al they continu¢ to be liv¢ staed. Easr, Christma8 and the sumnw moDdLq of Juty and August ¢ontitiue to provide us with oppornjnities for worsbippin8 together with the neighbowing ¢on8rcgation of St Atslrew's Parisb Church, We also joined toFth¢r wftth oth¢r mcmber co0gatIonS of [nvfflle 4nd District Chllrches Togeth¢r for united Holy Week and Pentecost and the annual Chri8tingl¢ service. At the unit¢d OD Easta Sunday tFe 'ColourB of EaBtw' textile artwofK was at the centre of the Worship space. Tht8 was crea*d from Btrips of cloth donTht¢d aod braided together by many members of th¢ ¢ODgregation with tiny embroided word8 ¢mirdded ID the woven braids which arose in our WOTthp dwing LenL
Aeh*v¢mettts and Perf•maKe {eonL) W¢ are now in 4 parish 8roupin8 With St Andr¢w's and as part of the Presbytcry Plan the Iwo congr¢gations are continuing to look at what our options are r¢garding th¢ l(mg-trnn future of the tsvo church halls. ID Seiknber. after ¢iderIng the implications of tyin8 to sell our ball, and secking the adviL% of the Chuwh of Scotland law departsllenl arding how tQ proed with the rather eompli¢ated title th¢uments, the Kirk Se58iOD ad to d¢moIisb the h911. This will fre¢ up the spa¢e to furtheT develop our garden pgrtrmlips and proje& op¢n up new po&8ibiliti¢s for lrtal mission. whil¢ ¢lirniDatin8 the burd¢n of fijkn maint¢nAntt and ryir co8 It could al80 improve patkiug a¢s8 for th¢ ¢oTrgwation. Thc (kcision Iw not b¢¢D taken lightly, but it feels lJTre a positiv¢ way foThYar Mernbers of the con8re8atioD are visited tivlce Awwally by our eRd¢rs pri(Jr to thc April aod Octobw comm10n s¢rvic¢s and maoy ¢lders maintain regular ntact with member8 at other times throughout tk year. Encounter. our MthlY mag1zi. was di8tnl>ut¢d thuiDg the year with over 250 bous¢hold5 rw¢ivin8 the electronic Versi of the n8azine. There wer¢ 8everal oprthllnitics durin8 th¢ year for niembers of th¢ wngregation to g¢t together aDd discuss a rwe of Subj. In 4ddition to th¢ r¢8ular Blble study, Advcnt and Lent study grouN ID December, th¢ Christian Education Tcan) IK)Sted an ev¢ning of Advent reflection entitled 'Follow tljat Stsrl,, WEST CHURCH GROUPS: •The Prny¢r Group whtch Bet up 26 yearB Ago ¢ODtinued to meet weekly to pray for indiviéuais, 8roups or (rgani5atioDs from within th¢ congwgation, or th¢ Ial communty. as well as national and intemational concenkq. • The Wtst Church Guild met re8ularly throughout the year 4Dd as 8Iw8yS. their guE$t speakers provided all interesting variety of topies which iti 2024 inclu&d talks about The Eeumenic81 Acciympanlm¢ Pro8ramme in Palostine and lsra¢l, the 'LiviD8 Well Café,, which provides P4 8afe and l¢oming place for adults with rn¢mory pmblem4 and 'My Lifr a8 a Midwifr,. • JllDlor Ch•r¢h- Youll8 people atlen(li8 8rfvi¢cy are provid with an'in Church, experi¢DCC and during the second part of th¢ 8¢rvAce YOUD8 familieijoi Junior Church leaders to woyk on a craft activty re]atiDg to the tbeme of th¢ service or tbey can I¢1n tn church and access th¢ 'play a8 you worsbip, EKTrx which ¢tal a similar tiVIty. •MAlnly M•oic. ha8 b¢¢n ring at West rhurch for 12 yeaTS and is a group f(f ETh- nursery chilllren and their parents, grdndpareDts or other caT1ver8 to enjoy song rhyme4 socialising and 8nacks, all within a Christian ¢ontexL tO8ether with fellow elw in Inventrie 18 actively involved in chaplaincy work with th¢ town'B four prirn schools and 8CCLrAlary sknl. As W of thi5 haplaillcy WO at Inv¢rurie Acad¢my, voAuDteeT5 from our ¢ongre84tion h¢Jp oitt weekly at a '¢haplaincy f¢, pthich pwvide8 a qui¢ acc¢$siblc s1 for any pupils who want to stop by.
Achievernents ¥nd Perform•#¢e {conL) Supporting the WO of Christian Aid forn an iinporknt part of OUT t¢gular comuthent lo the wider WO of the Chvrcb and fuDdraisin8 activities included the amiual Christmas ¢ard d¢livery 8cl*m¢, book sak and a 80up and sweet lunch. The West Church bas conlinued to send used posts8c stsmp5 kn the World Mission Stamp AM)eal 1¢h ha ised for many worthwhile projects over the years and in 224 the money rnis¢d continued to stwort s¢ttin8 up tree nurseries itt Malawi, Zambia and Zirnbabwe as part of the 'Firnily Planted. which nms witii March 21Y25. The conw8ation a8aill suworted the wotk of Cr08sReacM the carc ami of thc Churc through th¢ sple of calen(lars and Fairtrnth continues to be an importsnt roc for tbe congregation and 2024 th¢ 30th anniversary of tbe Faittia& mark first aFoearing on products io th¢ UK. Fairtsade Fortni8bt 18 now h¢ld in Septemb¢r and ihe theme for 2024 was B¢ the chan,, 8POtlightin8 th¢ ways that ¢v¢ryoue ¢nact real ¢hange by clM)08iog Fairtrdde. The hurd) ma8aziti¢ is to higbligbt thc growin8 challenges that climate change hyngs to farrners and workers in the conmiuDities Fairtrade works with. Th¢ annual Christma8 promotional evening• at the be8iDning of November was most suc¢esshl and appreciated by all who attended. Inventrie West Churcb is a m¢D]bcr of Eco Congregation Scotland and our Environmental Mattm team regularly raise awarene&8 of ¢nvironmentsl issues. Soctal and fimdraisiDg activities continued tlmugknut 2024 and included., quiz ni8bt 'Popup' MediteTrnean BistrD ¢V¢Ding with eht¢rtainment. a walking tsea5ure hunt round Inverlltie. Bennachie Bike Ride- an annual 23 mile cycle in th¢ shadow of BemJachi¢ a garden paty or8ani5ed by our or8aDis¢s to raised fimd to &fray th¢ cost of tuning and 8erYicing the organ. th¢ salc of p-loved and knitted Cthisth]as decoratioD& the 0tr80in8 sBl¢ of donated 8oods online via Facebook MaEkotylace After 16 y¢ar8, th¢ C¢ntr¢ a popular venue in the to providing cxcellent bospitality and spa¢e for churth aDd community 8roups to meeL A numkn of seasonal offer8 hav¢ proved very proved very p)pular with cuthmers. In September £6.000 from the 8Tatuities left by appreciativ¢ ¢u8tomer5 was distributed to 19 voluntsry groups in the local ar¢A ulld our small 8fdnts scheme. Over th¢ last 16 years £71.000 of atULtieS has be donated to over 2CK) small groups and lo ¢Ilties. A thafjk yov afternoon tea was beld during the year for the stsff a1 Volunt on wbom the succe&s of the centr¢ dynd& The dwrcb garden which wa8 develop io 2021 has ¢ontinued to flouri8h thanks to ¢fforts of an enthusiastic group of volujrteern aDd has prcrfluc¢d an alldae of vcgctabl¢s for the Acorn Centr¢ kitchwL
Achievements •nd Perforni•ttLY (cont.) The garden tsam bosted two sue&sfid ¢v¢ntS 41urin8 th¢ Yr. a soup and sweet lunch followkng th¢ AGM in May to raise fundB for the project. an op¢n ening in Au81]s¢ for those Intere¢d in the PMjI. The artivities of 2024 again clearly 8how that OUT identity a8 a chUb is embe(Med in more than a building. 'Church' is in our ConVeatiOnS our relationships. our pray¢r8 for other, ow m1 and gre¢ts ftn th¢ tbe help given and re1veAl aTr4 the hospitality thc A¢orn Centr¢ Offe to the conmiunity. Most of aIl it 18 in our coDtinU81 effots to 0¥DIsC Christ in afjd arnon and we now look forvmrd to ¢ortinuitig to serv¢ and be a presenc£ in owpari&h 8nd local community in 21r25. FknallciAI Revl¢w The ¢onsolidat¢d ChUh Accounts ts 2024 slK>W a negativ¢ mov¢m¢ni in funds for the year of £18,326, wmpared to a D¢gative movellKnt of £53,762 in 2023. The n¢t movement in funds for 2024 convi8 the following.. - Totsl (htgoing Re8ourc¢s . Church Financed by.. Contrfbutlon from Arn Centre Ilnverurlel Ltd Ubuntu (38.149) 37,541 973 Ne¢ SurplM8- Cbur¢h 363 Dw¢lopment FuDd Fund adjustments (Guild, Ubuntu & John Bothwell (652) 420 Total Cash Trthsactions 2,133 Less Adjustsnents for Non-cash TratiOnS Depredation (21,494) Add Rcco8nised Gain8 Investments 1.035 Net Mw¢ty¢nt in Fllndj 18 26 In rUwlla1 tern 24 Saw an Improvaent iti the Church's finall$ comred to 2023 but was still a challenging year for the Cburch. Several difficult decisions were taken by the Kil* Session iti order to save mcY and improve the fu181 position of the Church. These included yeplacing th¢ Church Offic¢T Post on the rel1ment of the previous 8th01a with a less than fidl tim¢ post and closing thc Church Hall for ext¢rnal Icts in order to savc on energy costs. The rUwla] position of thc Church was akn helpKd in 2024 by 8n increase in Givings compared to 2023, significant fimthaising ¢fforts involving a wide range of ev¢Dts which yield¢d £6,740 and by continued high interest rates which meaDt that g(x)d Teturns were rec¢ived on the fimds that the Churcb has invest¢d through the Church of Scoiland. There was al
reduction iu our Ministries & Mis80n allocation Compared to 2023 due to th¢ second y¢4r of the"GiviDgto Grow- funibng fonrAula Introd by the Church of scirtjal. All of itcnb not¢d in the paragtaph above ben¢fitted the financial sItIon of the Church in 2024 comFdred to 2023 and led to a small surplus of £365 being T¢wrded on the day to day Church budgeL b¢fore adjustiti8 for other fimd balancaq attd non- cash tranetIonS. The Chur¢h is fortunats to have a rea50Dabl¢ l¢vel of RNwYc& Thc sma]I sury)lus rc¢orded on the Church budget for 2024 meant that the was no r4uirement to call on thes¢ Res¢Tves to support day to day nkmin8 ¢05ts during 2024. There were no major fab projects dIng thp year. The wst of maiotsining and running our buildings does repr¢s¢nt an iocreasiD8 share of overall chUh expenditllre with th¢ recent past. This AS mainly due to enqgy ch8eS staying at W lev¢ls as a result of ¢xtml economi¢ factors. AIthou8h energy costs were sli8htly lowcr in 2024 compared to 2023. they 81ill amounted to £27,820 compared to £IOJ47 in 2022 reflectiD8 an almost trebling in costs. The Cburch has ken steps to reduce ener8y COD8umption and ba8 entered into new ¢ontr4¢ts for el¢¢tri¢ity and gas supply whi¢b will provtde some financial benefii in 2025. TR wa8 tho £12,812 spent on ODgoin8 fabric ¢xFndItU to maintain thc Chub, the Church Hall aThl th¢ Mans¢ which was a sn1 r¢thOn on the amount 8peDt in 2023. There h88 kn conliDued progress on agreein8 Options for Ihe re&veli4)ment of the Church Hall with work bein8 done in partn¢rsbip with ]nv¢rurie St Andrews Cbur¢h of Scotland, with whom the West Church AS now linked for planniog mattcrs. Each ChuTcb currendy has its own Church Hall. Un&r the Pr¢sbyt¢ry Property Plan it b&8 now been WllfiTm that one of th¢ Hall8 Wtll n¢¢d to be disp¢ns¢d with iti the n¢xt f¢w y¢ars. The Kirk Se&sxon of thc West Church has be¢n reviewlng Ornions for the firture of the Hall and bas now agreed in principle that the Hall Should be disposed of. either tljrougb sa]c or demoltlion. Mattets are still at a very early sta8e, but th¢ fiTrt stcp in the pr(*ess (an asbestos survey) was complet1 in D¢c¢mber 224. The West Church coLtinve8 to IK)Id b8Jan¢¢8 wfftthiti th¢ D¢Yclopm¢nt Fulld to support this project in due covrn¢. In¢ome from l¢ts was £7,155 in 21r24 ¢ompared to £13,087 in 2023. The d¢crea8e catt partly be ¢xplain¢d by the closure of the Hall for extern l¢ts meaning that all lets J)ow bave to be aCCOmDiodated in the Church buxlibD8. It AS also the case that some groups who previously used our fllitieS are now no long¢r op¢rntill8 whilst oth¢r8 now meet ViTtw8lly wh¢n before Covid tlKy would hav¢ m¢t iti pcrson. The Acorn Centr¢ had a go¢)J year ID fllwKial lenn8 in spile of havin8 to d¢al vlith continued levels of irfflation on food Costs and a larg¢ uplift in the National Minimum Wagc for the sond year in a row. Hospitslity tskitigs ww¢ g( throughout the year and ended up just below the level rOrded in 2023. Some price illcreases bad to b¢ implementrd ID 2024 to reflect the hish¢r ¢08ts of the Centre, but the attempts to str&e a balanc¢ betwKn maiDtsinthg footfall and covltig (x)sts. The Qntr¢ is still v¢ry well used and attracts vpry p03itivc f¢cdback
Ukntu (our Fairtrad¢ shop) ¢ontinues lo opernte and r¢¢orda a surplus for the year of £1,999. The Ubuntu MaDa8er r¢tir¢d iD early 2024 and has l)een replaced by a up of Con8r¢gatioD81 memE¢rs who WO on a volunlary bksis to (q)erate aod manage the 8hop. CaBh balances recoyded a Small ineffase of £3,051 in 21r24. Cashflow is still rarethlty managed for th¢ maiti C&urch bank accouot and the othu bank accounts beld by the vaTiOUS funds. At th¢ end of the year totsl cash balan¢e8 wff¢ £251,510 and rcmain in a healthy posi¢iofy although a proportion of the balan¢% relates to fimditig held to support the redev¢lopm¢nt of the Churcb Hall. The Cburcb bud8et has been set for 2025. Due to a numbeT of new cost pr¢&sures for 2025 we have not been abk to set a budget for the year whirh balances InMe aod ewnditure. The main factors 8jvin8 ri8¢ to this FM)sitioo 4t¢: l. An increw in the '1Ving to GrovP' contribution to the celltrdl Chur¢b of Scotl8ty1 of £7.534 compared to 2024. Th¢ contiibutioa is b&%d on the figurgB fiDm the Church Ants for 2023. 2. An 6.73% iDorase in the National Minimum Wage from A11 which will increase PayToII costs by almost £3.5CKI. 3. An increas¢ in the requ¢$ted Fa1( Iget of £6.6) compared to 2024 refltillg the need kn undertake a survey of the Church spir¢. 4. An adjuthent for one off Funth7ising efforts and donations received ill 2024. 5. Increas¢s ia the lev¢1 of Presbyt Du¢8 and COU11 Tax compr¢d 10 2024. The overall Chur¢b budget for 2025 projects a defictt of £J9,223. Although it AS deficit bud8et, it is al a lower level than the Chureh budget that w8s set for 2024. This position WAII eontinued to b¢ ¢ov¢ted by using Church R¢s¢rves. However. setting deficit budgets at this level is not financially sustsinabl¢ in th¢ IoD8 term Jnd Some fIther diffilt cknices will still A¢d to be consider¢d by the Kirk Session to $af¢guard thc r]Daucial p)sition of the Cburch ID the mediun) to long¢T tern e8pecially in relation lo us¢ of Chvrch IwildiD8& In tbe curr¢nt uncertain finaD¢ial climate, Chuwh'8 finaticial po8ition will oDtiDue to d¢rKnd largely )n th¢ ¢ontiDUiD8 SXIrt and ¢onimi¢ment of ihe Con8re8ation togcthcr with & finall¢ial Frfornwice of th¢ AL Centsr. Rlth Management The tntstees have identified that the principal risk5 and ulertaIntieS facitig the Chur¢h are: l. An ageing and declining congregation Jn order to minimi8¢ the iMt of an agcing COnBTcgation and a dr(y in ubS tbwugb illne&8 or deat& the tn8 have e8t&blished a Mainly Music Group which m¢ets weekly durin8 the school tffln. The Group is very popuJ8r. OD¢ of the aims of th¢ Group is to &velop and d¢¢pen relatio1hlpS with yOUDg families who b#ve & connection with the ChUh and also those with no Church links. In addition to this proie¢l, we ¢ontinue to inv¢sti8•te wayj of
dclopIng our Sunday n)orning services to welcome and attrll¢t th¢ youoger 8enerntions. We are also strivtDg to p)rovidc service5 to assist thc elderly to attend S¢rytc of worship and ¢bub events by. for e9Mple, wovidin8 2. A r¢duction in resular 8iving. Regular giving has increased in both 2024 and 2023 COMrnI to 222 bvt Givin88 are still below bistorical lev¢ls refie¢tin8 recent falls in th¢ COngatIonal roll. Givin88 ar¢ monitored on a monthly bL%is which provi&s an Op11lty to bIin8 to tbe trustee$, attention any SAgnificaot changes to our ruwla1 situation and where appTopriat¢ takc wly action to n)iti8ate any finan¢iAI chall¢n8es. 3. Buildin8 repirs Inven1¢ West Church h&8 rw)onsibility for the Carc and ffepair of three pioperties. Re8ular SsMent of th¢6¢ propert1¢8 16 ¢arried out and any work rwired is done tim¢owly. The Chvr¢h and Manse are well maintain¢d but our Churrh Hall is not in the 8am¢ condition and has a considerable requirement for backlog mainienance. The KI Session 48 trnstees bave now made a dlsiOn in principle to dispose of the Church Hall, ¢ith¢r t10gb Sale or d¢molition. DiMssAoll8 ar¢ at an early sts8¢ to agree the best Option for disposiog of the Hall. Re81ng ov¢rnll n]ntenanCe of the Church's buildings, we do have 0080iJI8 annual maftllt¢nan contr¥ts in place for boikr SVIC]ti& fir¢ alann8, fir¢ extinguishers. lift maint¢D8D¢e, and window 1¢4Ding. 4. Data l>rotection Th¢ trustees are Aware of the importance of protecting pern1 d4t& tn order to minimise any risks whi¢h may 8tt in the loss of dx all Offic¢ B¢ar¢ hav¢ bccn trained in Ihta Protection principlr5. Pers<ll1 and financial records are all Btored ID se¢urety locked cw)tK4rds. The Chuych also ¢mptied the Church Hall of p3per reconls ID 2024 with any re¢ord8 th did not require r¢tsntion being dispos of as collfidential waste. 5. Replacement of Key Offic¢ BeaTers A numb¢r of our key Office Bearr5 have been in post for many Yea and it can b¢ a rballen8e to find 5Uitable repla¢¢ments when they decide to stand down. An example 18 our Property Cojmoi post wh¢r¢ th¢ previous Convenor stood &)wn at thc end of 2024 aft many YM5 of service, but a suitabl¢ r¢placement has not yet been i&ntifi¢d The role 1$ bein8 covernl on temporary basis by a member of the Kirk S¢88ion. Th¢ Joint Sc88ion Clerks bav¢ also Antimat¢d that they wish to stand down at th¢ end LTrf March 2025 and w¢ have b¢¢n f(MAte to idcDtify a wellwlified rn¢rnber of Ihe Ki Session to take theirplace.
Re8trveB Poliey The general policy of the chUb is to mainlaill resery¢s equivalent to six month8 ¢xpcnd1tu. This would Tquire basic reserves of aroujxl £78S(M). At present th¢ General Fuad balance is £49261 which would cover ¢108e to fowr rnonths of expenditure. Th¢ Trustees will also eontinuc to keep th¢ level of r¢s¢rv¢s Under clos¢ review with the aim of increa8iD8 the General Fund balall duritig 2025 ifpo&sibk. At the y¢ar CAMI the Church held unmtrictcd of £1.620,350 compiisi118 of £49.261 for the Genernl Fund and £lJ77,089 iti the Hitable Prnperty Futt4L reprts¢nting Church proFrty. Tr Church akn had a balance of £268,868 on restri fimds whicb have bcen provided for the pwposes spo¢ifi¢d iti Nots 14. StrJdur¢, GovernAn¢¢ and Mtsymen The Church is administer¢d in accothnce with the ternig of the Unitsry Deed of Constitutio Membets of the Kirk Sesston are the cknity trust¢es. Th¢ Kirk Scssion members a the elders of th¢ ¢bur¢h and ar¢ ch08en from those rn¢mb¢r8 of the cburcb who are ¢onsid¢Kd to have appropriate gifts and skills. On Sunday 27th May 2011]nv¢rurie West Churcb athpted a Unitary Constitution. Under the Unitary Constitution the futiOnS of the COnegational B(rd w¢re tsken over by the Kirk se10, which DOW coveJB iK)th spiritual and opcrational matter The con84¢10naj Boanl sub committ¢es have been rcpl&d by a llumber of Teams. covcrinB Environm¢nlal Matt¢ts, Fabric, Financ¢. Fund Raising, Social Event ChTistian EdtiOn, PublicAty and th¢ Acorn Centr Management Group. The Kirk S¢&ioD mct eight times iti 2024. RefereDe¢ a•d Admlnl#r*tSve Inf4)nMlion Clwity Name: IDv¢rurie We8¢ Parish Church Charity R¢8istration Number. SC016907 Cowe88tioD R¢ference No." 331973 Inv¢ruric W¢st Church West High Street InveruTi¢ AB513SA
Th¢ followin8 individua15 were trustees of Inverurie West Parish Church <kntD8 2024.. INdep¢Adeni Eunther BAnker8 Vir8in Moneyj 26 West Hish Stre¢L IDv¢rurAfy Aberd¢eD6bir4 AB313SL 10
Tru8tres An4ual Report (¢on¢inwed) Ytar Ended 31 December 2024 TrnstseJ' Responslbllhlu in Relation to the FiDandl s¢ts The charity tru8t¢e8 are re#wJsible for Fnrparin8 A tru8tees' annual report and fInala1 statements in accordance with th¢ applicable Jaw and United Kingd AccouDling Standard8 (Unit4 Kingdom Generally Accetsl knry)unting Practi). The law 4pp]icable to charities in Scotland rquires the cknity trustees to prepre ficancial statements for each year whith show a trne and fair view of the stat¢ of affaits of the charity and of the incoming resouwes aod app]ltion of resowce4 of th¢ ¢lwAty for that wiod. In preparing th¢ financial stat¢mcnts, thc trteeS are 3¢l¢d suitable accounting policies and then apply them consistently; observe tb¢ method and principl¢8 in the applicabl¢ ChaTitie8 SORP: k¢JUdgements and >imates that are reasonabl¢ pnen( • Stale wheth¢T appli¢ble aG¢ountin8 StandJTd5 atKI statements of Tery)llenaed practice bav¢ been followe4 subject to any dyrtures discloged and explaiDed in the financial statements. prepare the fttwicial stat¢mvDts on the goi08 coern basis unless it 18 itiapwopriat¢ to presu1 that th¢ charitywill ¢ontinu¢ in wationaj cxi8t¢nce. Th¢ trustee5 are resp)nsible for keeping proper accounting which di8c105e with reasonable accuracy at aDy time the financial IltiOn of the clwity and to en4bl¢ them to ensure that tbe financial statements comply with th¢ Cbariti¢8 and Tntee Investm¢nt (Swtlattd) A¢t 21M)5 and tk Charities ACcots (Scotbod) R¢gulations 21X)6 (as am¢n&d). They are also ttspon8ible foT safeguarding the as8¢ts of the clwity and henc¢ for takills rcasonable step$ for the prcvcotion atml detretion of fraud and other irre8ulaTities. The trustees a responsible for the rnaiDtetwic¢ and inteIty of th¢ ¢harity and financial inforniation on the congr¢8ation's websil¢. Le8]ation in the UDit¢d Kin8dom governing th¢ pr¢parntion and di&s¢millation of financial stst¢mcnts rnay differ from1¢8islation in other jwisdidions. Approved b the Trnstees and 51 ed on tlJ¢ir behalf. li
Inyernrie Wejt Paiyih Church SC016907 Independent Examlner'i Rep•rt to the Tru8tee8 •f InY¢rnrie Wo#t Cbwcb I report on the accounts of the cknity for th¢ year ¢lld 31 Dec¢mkr 2024 which &Te Set out on pages I to 25. Re4p¢etiv¢ ReJponJH)Ilities oftrustea and examiner The charity'$ trust¢CS 8r¢ responsible for the preparation ofth¢ actounts in aKordance with the tern15 of the chill¢S and Tnte¢ knv¢stm¢Dt (Scotland) Act 2005 and tbe Clwities Accounts (Scodl} Regulations 2(Klfj (as amenthd). The chlty tte¢S consider that th¢ audit rwimettt of Regulion 10(1) (a) to (¢) of the A¢couDt$ Rcgulations (kKs not apply. It is my responsibility to ¢xamin¢ the accounts as reqUId Und section 4411) {c) of th¢ Act and to slate whth particutsr nmttcrs have come to my attention. Basis of independent exMmin¢r'$ 8tatemtt My examination is can1 out in accordanc¢ with Regulation I l of the chltieS Accounts (S¢otland) R¢gu]ations 2(K16 (as arneDd). AD exaMitiOn includes t review of the ac¢ounting records kept by the ¢17ty and a comiwison of the present4 with thos¢ records. It also iticlth consideration of any UDusuaI itell]s or di10sr¢S ID the ac18, and seeks explanations for the trust8 con¢¢rning ally such nkntters. The pr(edS undertaknu do not pwvid¢ all th¢ evidence that would be required it) an audi¥ and consequ¢ntly I do not express ar audit opinion on the VAew given by the awounts. llldependent u2mlDer'8 Statement In the course of my examination, no tter has Qome to my attcntion which slves me r¢a8onable caw¢ to b¢liev¢ that in any m2tffliaJ SPe¢t the to keep acwuntillg rordS in Accordance with S¢¢tion 44 (1) (a) of the 2005 Act and Regulation 4 of the 21x16 Accounts Regulations (as amendedA and to W accounts which cord with tbe accounting recor& &nd comply with R¢8ulation 8 of th¢ 2006 Accounts Re8ulation$ { amended) have not been me¢ or to Whic in my Opinio attentiott sh¢wld be drawn in order to eDable a prop¢r under8tandin8 of the *counts to be r¢ached. 12
Stst¢meDt of Financlal 7ml 191 13
Balance Sheet At 31 Derember 2024 FLYed Aijéts ..T•tal Flxod A•ts -(>wJkn& du•tltrthcfflo ye ICrltcrfs lallry •7TW yow 101 1913W, ,Th• ind•rfth• ¢iwrftr. ,itrin5bl¢ied Inccffla .T•tsl ¢h#rftrifvnd• "' 191 'Ih kw• OFFj ty t on 11th MArGh 2025 d tiJf 14
StateDnt of C••h Floj Year Ellded 31 Detember 2024 .'N•i ¥••d Iwj •p•r4ilng ¢Uvi ¢•th iiaw•lrom Inv•alno ¢Ovlfj•• '.Ptyriws¢ as6•ts ",M•t C4th y•vld•d ty In¥•Yhg 115 "C•sh iiwsfrom •cW¥NI•s ",N•l c•th prtyhdfrd by ocdvlll•• Chthny kn c•th ¢ath eqU•1•nI$ in IhD y•r 15
Invernrie Wmt P•riJb Chureh A¢counlinE Policxs Th¢ wincApal a¢¢0118 policie4 which knve been applied WDSiSt¢nily in the current and preceding year in dealing with items which are COJL8idernl matsrial to the accounts, azE Set out below. ij of preparation Th¢ financial ststcments have been rnrpr¢d in accordance with the Accounting and Reporting by Clwitic& Statcmcnt of Recommended Pr&tice applicabl¢ to charities prepmg their accounts in accordance with the FiDan¢ial Reporting Standards applicable An the UK and Republic of Ireland (FRS 102) i8su¢d on 16 July 2014 attd the FinJaI R¢wting Standard applicabl¢ in th¢ UK and RepubIi¢ or¢d (FRS102). th¢ Clwiti¢8 and Tnwtee Investment (Scotland) Act 21KI5, and The Chariti¢y A¢c(wzts {ScL*laDd) Re8ulatio 2(K)6 (as amellqkd). Fund aeco•nling FuDds are classified as either restrA¢ted funds or unrestTiCt¢d fund6 defllwd as follow8. Re8trActed funds are funds subjeet to specific Tequirnents as to their use which may b¢ dec]aTrd by the donor or with their authority or created through legal processe4 but still witlJAll tIL¢ wi&r obJts of th¢ clwity. End0llent fimds ar¢ funds whicb have been given on th¢ Conditi that the original capitsl sum is not reduced, but the in¢on¢ there fr(Mn is used for the pujposes defined ID accordan¢¢ with the objects of tbe charkty. unrestTict funds are expendabl¢ at the di8¢retion ofthe tTUSt¢es in fiWtherWc of tbe obj¢¢ts of th¢ ¢baTity. If rtS of the unr¢stri¢tsd fimds ar¢ eattnaed at the discretioo of th¢ trustrts for a particular putpose) tW att desi8llated a8 a Parnte fund. This (ksignation has an administralive purpose 80d do¢s Dot kgally the tru8tr¢8' discretion to apply the fund. ]nconx is recognised when the charity has eDtiti¢llKnt to the fimds. any rfoanCe ¢ondAtiow attached to the item(s) of income h4v¢ be me( it is probabl¢ Ibat the An¢om¢ will b¢ r¢¢¢ived and th¢ amount can bc rn¢asur¢d r¢liably. Rextsurett expende41 Expenditwe is TOSD15¢d an accnuls basis as the liability is in¢¥rred. Donated #trvites fAcilitie Donat¢d professional services and dated faciliti¢B ar¢ r¢¢ognised as income when the dlty has cothl over the it¢m, ant ¢ondition8 associated with the donated item have been meL the receipt of economi¢ benefit from the w¢ by the charity of the item is probable and that economic benefit can b¢ rneed reliably. In accordance with th¢ Charities SORP (FRS 102) the generdl volunteeT lim¢ of ¢on8r¢gatioJ) members is not T¢¢O8ni8ed. 16
On receipL donated professional service8 and (knmted facilities are recogni8ed on the basis of the value of the to th¢ clwrity which is the anM)uDt the charity would have been willing to pay to obtsiti services or facilities of equivAient ¢conomi¢ benefit on the open markol a cryonding arnoullt is then rwo8oi8¢d 08 exndItuTe in th¢ iod of TlpL Interest Yeeelvthbk Interest on funds held on deposit is included when e1v&ble and the amount can be asured reliably by the ¢lwity" tbi5 is nornially U nthification of tbe int¢r¢$t paid or payabl¢ by th¢ banL Fked As*ts Th¢ ¢haTity and kn8 the Jigbt to U8¢ its clwitable objects certain langible fixed a8sets, including the Church. Church Hall and a rnanse at I Westburn Place, IDveTurie. The title to these properties 18 vested in the Inv1¢ Church COnggatiI Board. No consideration is payable for the of these assets. Expeudltu ill¢UTr¢d on the repw and nltenance of these a&8¢ts is ¢bawd as resouc5 cxpcndcd Ati the stst¢m¢llt of finala1 tivItieS in th¢ petiod iti whi¢h the liability arixs. The properties of the Church are valued iti the Accounts at OpeD Market Value. based on professional valuation8 obtained on 9 Jvty 2008. Th¢ exceplion to this ig the manse at I W&stburn Placc, ]nvcrthie vknich is shown at a Tru8te¢s valujtion EAs¢d QD the original purdase price. All tangible fixed assets costing ID exce85 of£s,(MN) haviJb8 a value to tbe charity 8Tratsr thaD QDe y¢aT, other than those acquired for spe¢ifi¢ puys, aye capitslise Depreciation i5 provid oll a straight-lin¢ basis to write off the cost or iftitial value. less residual value, of tangibl¢ fixql &¢18 over their estill use1 lives: Kitchcn Equipmettt Fixlur¢s, fittings and offic¢ equipment Church Manse Church Hall 5 arS 50 years 25 years No depreciation is provided iti th¢ Accounts in r¢spert of the main Church building on the gndS that it 18 ov¢r yegrs old and wxll retain value provid¢d tha¢ an adcquat¢ kv¢l ofmaintenance continU¢S to k cafficd ovt The Trnstee8 will T¢Vi¢W this on a regular bs. Fixed &85Ct inveslm¢nts stst¢d at nwket Ille atthe balance st1 date. Unrcalis¢d gains and IosBes represent th¢ dIff¢r¢ll bctw¢¢n the market value at thc b¢giDning and end of the fin181 year or. if pur¢ha8ed iti tbe year, the diffcfftK¢ between cost and majket value at the end of the yw. R¢alised gain5 and lo ryresent the differ lknv¢¢n the proceeds on disposal and the market V4h at the start of the year orcost if pur¢based tti the year, 17
TaxalloD Invenwie West Parigh Church is recognisal as a charity for the puryxjses of applicable taxation legislation and is therefore not bJeCt to taxation on its charitable activitie& Th¢ Charity is t re8iStcred for VAT and re80urccs expenikd th¢r¢for¢ include irrecoverable input VAT. 18
Notes form?Mz part of the finan¢l41 •ts¢tmeDts for the yr ended 31 December 2024 .' !" .' ÈI•M• 4OJ12 19
forming part of the fmancial 8tattmtttt• for the year ended 31 December 2024 2515 2515 IT7120 ÈXE1 cfr•ArknxihlUX£ts8.?8q OQ3É?KIti11Qh£lYT.146W
Notes formithg part of the fiM8netsl itst¢m¢nts for the year ended 31 December 2024 6,Slaff co and nmb•rnj__-_ jscthl oecwlly 6710 512991 Thè d8mWcrya8s thJrtwJ the yw, ¢uL•teAI I ,tAsls of a haad cnt. was as llY¥S.. . ...__.. emF4tyee h1 ban15 In excess crf£50.fAIO12023 nS1)j...... .. IAII CIKYch of Sccl¥KI ¢onwagatknnB cc¥lfbut• to th• NalkThl ,,stid Flmd VCh begrB Iho costs rfall mirastorB' Stlpffid$ lthMI. PAiMt¢ts stlpth¥J8 are pavj in xecfthca fth tho .Mllin8i slIp scalo. wtdch b related to years dseplce. F(¥ ts I yew rthiew thg mlthwn $tlp8Thi £31,642 maxlmwn stIF1 (ln 5th an(1 yews oi$8nlc8) £38.884. -jTru• R•mun•rntson •nd R•Ild rty Trnns•¢lion• Durlng thé year. the blhiv+irvJ expwtses T8lmtrAM¥ad to Ihg -LMlrl8w, th8 ICtyxKII Ta¥ MorAe 3Cfj3.541 lidrl S8sslon CJal expoMe8 r¢imbJBed I" year of£5&95 ty 8xydiiure trKurr•J on tfjttgit '4n any ¢(x*iact c¥ taCtk1Tr enttrwl knto lry th•rlty dwlTri It• ! IYW. year a tc441 c1£1l611 dCma1 lo 21
Not¢s formlng part ofthe flDanclal statem¢nts for the year ended 31 Dember 2024 IWJl8 41rJJ 407M', .iiKIEi The Kirk Sl0n holds the entire shareholding of the Arn C¢Dtr¢ (Inverwie) Limited, a company inCoOrated in ScotlaDd under reBi8tered number SC333855 and haviD8 its Ye end as 31 December 2024. The ststed aim of the canpany is to support its parent orgatiisalion, loverurie West Parish Chur¢h (IWPC) by rneans of disburm¢Dt of its entir¢ profit to IWPC. At 31 Decemir 2024 the company had N¢t A5ts of £l,IK)O and Retained Profits of £Nil, aft¢r disbursing the sum of £37.541, which amounl is rcfl¢cted as income in these accounts. Collwuently. DO group 8ccounts have been prepared. The Directora of the compaDy are the Chair of the A¢orn Centre Management Group and Session Clerk of th¢ W¢st CbuTch Congregation. 22
Notr$ forming part of the fittanrial st•tements for the year eBd¢d 31 De¢¢mber 2024 11888 11 931 12529 75 ..N•t*•i•t•A Ji 0•62024 ".thh rdy arMh clth• xthlly wjd t• uwt40 lo¢iY 23
Noteg forming part of the flnan¢hl Statements for the yt*r ended 31 December 2024 IloM)on I ITnn5Fe R•#isrl•dlur 5n)', I lHePWert¥.FUDd ose of Restiieted Fd9 Th¢ John Bothwell B¢qu¢st: This fiwd pVId¢S resOU¢S for ChtistiaD education and Junior r¢b activities. Development Fund: This fund provides the Tesouff es for the red¢velopm¢nt of th¢ Church. West Cburch Guild: This fimd 8UPPOrts the activities of the Guild. which is a con8regatii)nal organisation. Ubunth: This fimd 18 8cneroted from the fiir trade shop located within the A¢om Centre. Funds are used to support th¢ aims of fair trade. osc of Desi ated Fund The Heritsblc t¥operty Fund: The Trustees have estsblislied this fund to introduce the heritable properties of the churc Church Hall, the matte at I Weslburn Pl¢, Inverurie into the Church's baJBnc¢ sheet.
',Add tk depiEulon C9• ,' 153762) 21494.. .'OBthKt I wjd iwk h)ssts M iTr•lm•rti l {w351.. 'Ditr•as¢ stuck | 4174: ,Net Cath Ud ITr Op•rnlng diYll•s ' Note 16 Colkedomi on Behalf ofThird P•rties Dwillg 2024 there was two retiTill8 colkctions." A ¢ollection of £39) for an Isr1 I Palestin¢ app¢al. A Harve3t F¢6tival Se1¢t Colltion of £340 which was equally split ithycen th¢ Abcnleetishire North Foodbank and Cbtistian Aid (£170 each). Nots 17 Dtpolits with Chmreh of S¢od•nd At the 31 Dcccmber 2024 IDverurie West Church h¢ld amounts of £212,608 ' de&1¢ aunIS WAth the Church of Scotland. 25