BOARHILLS, DUNINO AND ST ANDREWS: HOLY TRINITY CHURCH OF SCOTLAND Congregatlon Number: 241484 S¢ottlsh Charlty Number: SC017173 Report and Unaudlted Accounts for the year ended 31 December 2024 Henderson Black & Co CHARTERED AccouwANf5. ST ANDREWS
BOARHILLS, DUNINO AND ST. ANDREWS: HOLY TRINrrY CHURCH OF SCOTLAND Report and Financial Statements for the year ended 31 December 2024 Scottlsh CharSty Numbor- SC017173 Contants Pa99 Trustees, annual report Independent Examinèrfs Report lo th8 Tru51ees Staternent ol Financial Activities Balance Sheet Statement ol Cash Flows 12 Notes forrning part of the Financial Statements 13-22
BOARHILLS, DUNINO AND ST. ANDREWS: FIOLY TRINITY CHUACH OF SCOTLAND TRUSTEES. ANNUAL REPORT for the year ended 31 Decernber 2024 The trustees present their annual report and financiai slat8m8nts of th8 charity for th8 y&8r ended 31 December 2024. The financial skiements hav6 been preparwj in accordance wth the accounting polici8S set out on pages 13 and 14 to the accounts and CoMY with the General Assembly RegulatK)ns for Congregational Financa, and tha CharilioÈ and Trugtèg Invègtmgnt ISBOtlandl Act 2005, the Chaiities Ac¢ounts IS¢olandl Regulations go( las amendgdl and Accounbng and Reporting by Charities.. Statement of Recommend Pracice appIae In Ihe UK and Republic ol Irela 0tt8CTh"V8 Irom 1 January 2019 IFRS1021. Oblecfjves and Acll¥llle8 Th8 Church of Scoland is Trinitarian in dothine, Ref0rrn in tradition and Presbyterian In pollty, it exi$l$ to glorify God and to work for tt)e advancement of Chri51'5 Kingdom throughout the nation arKI, Ihrowh mission, to the world. As a national Church, Il acknowledges a distinctive call anLI duty to bring tailh in J85us Christ to the people in every parith of SLotl8nd. To Ihat end It endeavours lo make Ihe Gospel availatAe the lurthest stwtches ol tlw c(u)try. lrtreasingly tt C(FOP8rates olh8r Church8S to Ihe advanment of callino. Fellowing th8 hKJhly suec6sshA union of BDarhills and Dunino Church and Hoty Trinty. St A TrJr8Ws in Novernber 2023, the Mission of Boarhills. Dunino and St Arew5.. Holy Tnnity remains lo worship God and encourage faith in, and Service lo, Je5U5 Christ arnong all Feople 0118Y and lornorrow,. The woik ol sustaining ancl èxecutyng tho misgon of the ¢hur¢h conb.nuos thr(yJghout w8ek, firKling axprassion in regular meelings, o¢¢asional events, rites ol passaoe aThY those clvic dulles which devolve upon Holy Trlnily as tth8 Town Church. ol St Andrgws froffl timg to t1. On th8 Secular side, Holy Trinity Church is the larg88t rn881ing space in Sl Andrew$ and hwses one ol the finest ¢ygans in Scoiiand north ol Edinburgh. The outstsndiNJ actsusii of the building is widely iecognis8d arvj the church Is Consequently muGh in dBtnand for presentation5, concerts lincluding the Scottish Charnber Orchestral, and an IrreaS1rQ diversity ol events. The suite ol halls is used by numerous cornrnvnity organisations, Dunlno Church Is of lh8 most chamiing rurai churehes in ScotL4ThJ and continu•s to play a svanificant rol8 In the lifo of the ar8a. Lately Holy Trinity has bsen ocognisad by the Church of Scottand a5 one of Scotland S'signare churches. aloNJ with St Giles in Edinburgh, Paisley Abbey and Dunfermline Abbey ancl other5. Th15 give5 id8a ol th8 Stalus of lh8 chuich bJldit¥J in lh8 broad8r comrnunity. For 2024, the ¢ongie Interim Moderator an ation was urdei th8 Guardianship ot Fife Presbytery as s Lwum Minister. Flf• Pr•gbytery Pllsslon Pl8n Representatwes of the Sesgon continued attending meetings throughout 2024 with repre5entatwe5 of the oth8r St Andrews church8s, St Leonard's and St Mark's, lo di$¢uss the implementation ot the Frfe Presbytery MSSion PL3n. The58 diS(SsIonS have b8en facililal8d by Rev Alan Kirnmitt and Margaret Kimmitt. The rnegling$ r9$ulted in thg proposal to Fite Presbytery that the Presbytory Mission Plan is afflended to enable Boarhills. Dunino a1 St AThlrews'. Holy Trinity lo leave guarcliansttip an(1 ca]1 a 0.5FfE Minister of Word and Sacrament Irevi8wable after Ihre8 yearsl and that St Leonard's and St Mark's unite. Tho proSaI was aFprovod at th& Fifo Pre$berY rne8ting held tsn 15 Fobruary 2025. This is a highly significant and wekome move for Boarhill$, Dunino arKI St Andwws." Hdy Trinity, IhovJh Session WDuld prolor to havo lMl$S1on to call a full-l'mo mini$1or and wil continua to push for that outcom8. Worshly servSce8 Th8 traditional 5eNice at l 1.15am in the main sancluary of the Holy Trinity church is led b ltte Locurn Ministei, This is preced1 ai 9.45am by a 50r¥ico at Dun1 Church, 18d by Thg numb8r attsndlng sarvices on an avarag8 Sunday Is a healthy 95 to 115 (for both churches combined). Both servics are followed by treShMents which Allows for the eorrtinu&J ¢velopment ot the telk)wship.
BOARHILLS, DUNINO AND ST. ANDREWS: HOLYTRINITY CHURCH OFSCOTLAND TRUSTEES, ANNUAL REPORT lor the year ended 31 December 2024 rhe qualty of the èrvicès continues to be a sirenoih, ably led at Holy Tiinty by Ihe acting Director of Mus¢. and the choir l?adg1, Drgani5t 8t Dunino Church. Th& chDif B Ilourishing witt) 14 choral scholars supported by lundino from the FrieThJs of Holy Trinily. A short 5ervlce al Holy Tilnlty at 3pm on the tirst FrNlay ol èach month Is led by the Locvm Mlnlstsi. Thls was pl8nn8d initially to cat8r tor Ihose who ar9 uThablo. for one rea8on or another, lo attend Ihe Sunday moinino seNice bul has grown 10 gathér a r8guLgr congr83ation ol around 30. most. though noi all, of whoffl are 81d8rty. Lwe-streaming ol services continu85 to b8 popular wth services upload&J io S(la1 media. A serie5 of daily readings is ako avail#Sg Onl1 at the ehurch wèbsite h ..IlwvM.hol l.co. and Jso on Facebook and YouTubo. Thwe are 334 subscribers on Facetx)oK with 183 subscribers on YouTutr Paper dislribution of the full lext of Ihe 9.45am 11.15am serveS undertaken fry Ihose who preler. Around 40 typcally watch the liv£-str8arn8d Holy TnIty Sur¥Jay saTrlc• { YouTuba and Fac8boo Congr8gallonal roll The roll stands at 318. following the union of Boathills and Dunino and Holy Trinty at the end of 2023. Elders Th8 number ol èklats is 30. AI Finance and Fabiic Committee) An¢Jrows Trust). (Chair ol th8 lid r ol the Holy Trinlty St A¢hlevemwt$ ond Pertormance The Fabric and Finance cornrnittee meets monthly to repcrt to Sesslon. Tlis group ojmpiises the cCV¢nor. the chUh Treasurer, the Property ConveTrDr. th8 Hdl Conv8ner and other co-cpled mewoets. Thè property wrtfolio continu9S to trA well-serv8d b who advises on requifed checks aTrJ upgratjes. Apart from the desiied improvement5 ther8 ywére only a small number of >neSSential works r8quir8d at the end ot the year. The church building, the h811 and th8 man58 ar8 W81kmainlain&Y. Mi Archer also acts as Safely Olficer. Th8 Holy Trinity St Andrews Trvsl, coniinues rneer regularfy ancj liais8 wlth Ihe Sesslon on the devolopmont of Ihe church buikding as a verKJ8 lor town avgnts Iconcorts, book launches etc,) in order trth to'oten the Lt)ors' of the church 10 rhe community and to prov8 addrtional IOrne. The Chair ol th Ti,. was a membgr of lh& congregation and an •x- Treasurer, and a5 the Trust s Events C)ir$ctoi, leays the provision ol an eIteWe onIS piogramme including conc8rt& by prestigious organisatlDns sh as tha Scottish Charrtjer Orch8stra arKI many othe[5. Th8 Trust 50 oru8nise5, in con the summer montts. Two èlder5 the Trust keeps Session up to dale wilh hurch. prooramrre through repr8sent the Session and s ol what is planned tepp*d down as Chair at the end of 2024, but remains as a TrUsteeh&S indted thai he wishes to slep down as Events Dlractor from August 2025. A¢bon is being iaken lo ensure th8 continuation of the Event$ Programme. Se68k)n has determined that Ihe piiority project5 for church building are dlsabl&1 &sS aThJ improvad toilèt faciliti8s for Holy Trinity. A costad laasibilty studyb undor tha auspices of the th8 Holy Tnnity Trust. has been completed and Session has decided to prweed firstly whh imwoving disab18d access lo the Ikling. This wojoct will hopefully be compbted in late 2025. subject to gaining the relevant permissions.
BOARHILLS, DUNINO AND ST. ANDREWS: HOLY TRINtrY CHURCH OF SCOTLAND TRUSTEES, ANNUAL REPORT for the year ended 31 December 21Y24 This will greatly Increase arLessilJlity to the beautiful and historic ¢hur¢h building. It is intended to tmve on to improviro the toilet facilities after the Comptron of that project. The church records setvices also Ilvestreams thern for online vie%wng. This prcr2ss has been rnasterminded by our church officer, Mr John Taylor. Use ot the church bulldlngs Holy Trinity Church Apaft frotn the regular prograrnm8 01 worship. there is an extensive programmè of èvènts in the church, under the auspices of the Hoty Trlnity St Andrews Trust, including CCerts gwen by pStI910uS group5 such as the Scottish Chamber Orchestra an¢ a wide range ol community 8venls. The church hosts university and school cafol seNicès as well as a number ot important community events such as the Remembrance Servi and the R&A wlf serv¢e in Sepkmber. In surnrnary. the church has a significant part in th• lifa of St Andrews. The HBII The Hall is fully used by a WKJè variw ol organisations. There is a 5-year agreement with The St Andrews Free Church for use of the large hall every Sunday for b¥0 worship Se$ and the small hall on Thursday evenings in term-lime foi sludenl Sludy. Pilgdm Care have been a welcome addition as a user of the HJI. Pilgrim Care provide Christian care facilities and pastoral ¢are support for thè ekjerty in th8 St Andr8W5 area. Congregational groups ilUde Little Ch8rubs lod(Jler group and fortnKJMly (3uild me8tings take place t88n September and April. A Family Movie night is h81d every second Saturday in the rnonth arKt Is well attendod by local lamilies125-30 childr8n and adults). The HalL% are still exlrem8ly popular with the Sludeni soci8ti8s'. regular we&kly groups like jujitsu, Sant sport & the Caledonian dancers and society balls, dances, socids aTha lood events takè ac+ in term tirre with around 25 weekend ceilidh's a year. Community use at thè halls includ8 Zumba, dance fit classes, yoga and adum art and drawing class88. St. Andrews Chorus host b¥0 ¢offee mornivJs a year on a Salurday rnoming. Sadly the Scoth"sh Dancers were a notable abs8nc8 last summer but W8 hope to wel¢ome them back In 2025. External Rentsls averaged 53 hours a week gnd 4.5 hour5 foi c4Jr own chur¢h groups. Rent income was £42,92212023- £38,525). Th8 hall is well maintained by our Hall Convener. Mr Sleve Watson, ar hi5 tearn. The Manse Th8 tnans8 Cctinues to be let sirKe the Locum Minister has her own hc4Jse. All IrOrne from the manse counts as revenue. Pa8tor81 care The Pastoral Care GtOUP 45 ably 18d by Mrs Janie and continues to provide support and fellowship. The group work with distr elders and the tninister continu8d to meet the pastoral needs of the congr8oation with home doorsiep wsrting anil suwort, especially lo the eld8rly and housebound. Informal pastoral care is also available by 1818phone, Use ol WhaisApp messaging and the Sending of 8ncouraging gr881ing Cards (provided by the Guikll was $0 u58d. The Ilow&r ministry, to the and elderly, eliots many exprassions of thanks. Chaplalncy Ch8pLq1rY for St Lgonards Junior aThY Senior Sthools continuas under Rev Marion Paton.
BOARHILLS, DUNINO AND ST. ANDREWS". HOLY TRINTfY CHURCH OF SCOTLAND TRUSTEES. ANNUAL REPORT for the year ended 31 December 2024 Outmeh to the eornrnunity The Outroach comtTritte8, chaired by continues to b8 a¢tNe In a number of areas. It continues to suprort the Stoiehouse proiÈci whith provide5 food and toiletrie5 for those who ar8 in need. siorèhouÉa Is OrdInatEd by the Kingdo¥n Vineyard GongregatK¥n and OUF Ilnk pcrson * IAr Ron Cruickshanks. Th8 Outreach group has relaunched 'Family Film nighl'in the Church Hall, which take5 ace ortt a month. and Ihls is prowng to a groat sucSs. tt has rts own Feb(K[ pag8 Wlth 200 sign ups. The Outr8ach has 80 rÈluv6natod our SLJnday School and Ihg number of young paopl4 att•NJing has incre&%ed. Once a rnonth, the older children are hosted in tre neight()uring 'Pizza Express,. The Church is aL%o a memb8r of the Sl. kndrews Churches Eco Network caring for God's Creation thrOh discuss5, actwilies aTrJ events. Th8 Church conb"rNJes to sutv)rt a w9 range ol other charlll8S, Incltjylng Chilsikan Abj aThJ sevèral others. Toddler, chlldren and Youth worf( The pr8school 'Liltl8 Cheiubs" oroup is led ty ojr youth worker, h8avily ug8d and popular church hall and continues to suceesslu It take5 Flace in Ih8 en It bogins with a music and movgment eomponent for bats'e5 and pre-school children accompanied by a parant or carèr. 11 is a vary div8rs8 group, and largely affended by those noi Otherwise Involved wllh church. They meet each Thursday morning during schoDI term time. Over 100 children and 8dulls are regis18red to attend. Not every family atte8 every weèk. bul we have a CDr? oroup of around 50 who att8nd rogulaily. Tho annual Holiday club, hold in August 1$ a loini vèntur8 wilh other churches in Ih8 tn, was agan a great uccess over 13Q chiklren attending the last few years. Regislrats"on lor this year has On just oned. A Fancy Dress GLOW party was held in Holy Trinity loi childrtn as an altsrnatiV8 to Hallow8en. 1 $0 children attended with their lamilies. Th8 Gulld The Guild provid83 a full programm8 of wg11-attended meetings arKJ other events. The biennial sales and coffee rnornlngs are ack&J 10 Ihe gunnols" Thay ralsè consldèrsb sums for both the National Guikl projects and Ihe ¢ongroga*'on. The members have a Iwely nelwoth which provides support aTr enceurag8m8ni. Publlclty and comrnunlcations TIE weekty service5, Iivtr51ieamed. arKI posled on 3crial medla. have been meniioned above. The wanerly ma azine has coniinuèd 10 rod 11 colour'in-hous8'. It 8dit8d by The FaboOK paue and website are undergoing continuad devoltspment and uwjab'ng. One of wr members contribut8s r89ularty with an inswrational rrSage in the Sl Andre¥vs Citizen. Safeguard5ng The SafeguardirvJ grcup Is le¢ by and ragularly reports to Session as a standing ilern on the Session agorida Names DI Ikose who have PVG registrations are ad¢Jeé and removed as roquirod. Financial revi Total Income amounted 10 £234,64712023 - £189,1801. 1r principal 50ur¢e ol Inco is ging Irorn our members mainly by weekly offgrings, stsnding Drders and free wll oltering5. Gift is clairned where appropriate. The total expenditrjre was £237,77212023- £197.2371.
BOARHILLS, DUNINO AND ST. ANDREWS.. HOLY TRINITY CHURCH OF SCOTLAND TRUSTEES, ANNUAL REPORT for the year ended 31 December 2024 Net expEnditure, before any gains or losses on investments, was fJ,125 for 2024 cPared to £8,057 in 2023. Th8 cash flow statement at pag8 12 rellecls an increase in ¢ash and cash 8quiva18nls, of £4,853 compared to a r8duclion of £54,911 in 2023. Wofk conlinu8s on th8 managing ol the church's finances by the Finance Committee on a day-lo-day basis. expenditure is closely monitored. Inves¢men¢ PLill¢y and Perfomance The Iruste8s have previously adopted a balanced risk approach airned al produciro a compeb'tive level of Incotne whilst protecting the capital inv8sled. The church still has substantial resourcas, both in PrOty and those invgsted In the Church of sliand Income and Growth Funds whh provide the trustees with professional rnanagement, continuous portlolio supervision and a Spread of ieStment risk and economies of scale. Ethical concerns are also addressed by the investment managers who do not invest in any cornpanies whos? management practices ale judg8d to b8 unacc8Ptable or whose business is substantkqlly involved in gambling, tobacco products, al¢ohol. armaments or other activities harmful to SOCi8ty. The underlying value of Ihe investments ha5 incr8ased ty £34.13412023- £34,5001- Invèstment income of £26,048 12023 - £23,4091 was recewed In Ihe year, which the trust88s regaid a8 satisfactory. Rlsk Monagement The trustees have assessed the maitr r15ks lo which the church 18 exposed and s88k to addfess Ihem wilh appropriat8 action. Risk ass8s$ments. tA)Ih the usual ones and additional risks associated with COVID are carrfed out gUlarlY by thè saf8ly ofticer and ¢haTrJe8 lo prwedures are aFplied as appropriate. Thè principal risk5 faced by Ih8 charity lie in raising income lo balanco thè Gon8ral fund, the p8rtorman¢8 Ot its investments and in recrurting irustees and offK8 tÉarers wth th8 relevant skills and experience needed by the congregabon. The large costs of running th& building ¢ontynue to ba a major (y)ncgrn that rnu$l be a(Jdressed to arrBie at a Sustainab levd of expenditure commensurate with the level ot itTrcorDe of the church. Holy Trinity Tnjsl has been most suceosslul in attractirvJ conc8rts and events wh¢h have generated considerabl8 incom8 for th8 church. There are ambrtious plans for further dèvelopment of this, coupled with the fad Ihat Ihe chuich is now b8ing publieis8d as an important part of the Fite PilgrirD way. The members of Holy Trinity Trust arg to b& commendad for thr efforts in supiKYt of the thryregatK)n. The trustees consider the variabilty ot investment returns from the porlfolio to be a major financial risk. This risk is mitigated by the appointment of expert professional advisers with Considerable experiencg in th charity sector. This alDn provides a cost-otteciive management and as51s in providing a predictable level ol income to coniribute to the prograrn of charitable actniilies of the congregation. Roserv•s Polley Tf* charity trustees have considered the reserves required and have tsken Inio account their current and future liabilities. 11 iq the trustees. pD1Y to hold free cash res8rves ol approximately six months axp8nditure I[ludI d8signated funds. At 31 Decgmber 2024 £32,573 was availabla in unrèstrittsd ¢ash reserves wilh a further £181.361 in unrestricted current assets. With th8 pr8S8ure on cash reserves over recent yeats. It was beon n&$s8ry 10 "9Kchanoe' unrg8tricted Investrnents, held in Church of Scotland funds, for ¢ash which has come in Irotn restricted sources. A fijll review of restrieled func$$, in 2023. highlighted Ihai a Iran5f8r frorn unrestrieled to r8stri¢tecl reserves was required lo prop8fly r811ect th8 y8ar-on-year impact ol this transition. In addition. at 1 January 2024, ttr Trustees transferred the balance on the Manse restricted hjnd lo unrestricted tunds. Thi5 reflected the availability of the asset, and the Income aiising froffl it, for th8 general purposes of the Church. At the year end th8 church h81d unrestricted funds of £899,265 12023 - £191.2021 ot which £30,31212023 - Q7,0041 was in available nel Crnt agseis. excluding lh8 current asset inve$lrnents 01 £174,79812023- £84.7631. Al the year end, th8 n81 assets carried forward amounted to £1,451.840 12023 £1,420,831) of which £66,922 12023 £77.3951 comprised tangib fixed a859ts us&Y for charitae purposes, £825.00012023
BOARHILLS, DUNINO AND ST. ANDREWS.. HOLY TRINITY CHURCH OF SCOTLAND TRUSTEES. ANNUAL REPORT for the year ended 31 December 2024 £625,000) ol inv8stnt W0rtY. £518.18812023- £574.0891 in k)ng lerrn investm8nts £241,730 I23 £144,347) in net current ass8ts.Wilhin the lolal furfs the UnStrICted funds aTnountsd lo £899.265(20 - £191,202). The church also held restricted fUJ5 of £521,975 12022 £1,199.0291 and permanent andowmènt lunds of £30.6(KI12Q23- £30.6001 which havo toon provk18d lor tha purp& spÈcitiÉd in note 12. Structu, Goveman¢e and MAnagement Th• corvrogabon is a r8gistergd charity, number SC017173 and Is adminisl•red In accordance with t lem5 of the Deed of Con5trtuliDn (Unitary Forml arKI is subject to the Aas ancl Regulations ol Ihe General Assembly of t Church of ScotlaThY. hAembers of the Kith Session are the charity trustees. Tre lth'rk Sesgon member5 are the 8klers ol the church and a ch)sen from Ihose memLrs ol th9 chuth who are considered to have Iho appropriate gifts and skills. Tho church r8tnains under Guardkqnslw'p of Pr8sbfftry. wa5 al)Inted as lllt8rirn Moderator in April 2023. was aFpoinl8d Locum Uinlstei from octob 2017, %%ith duh'es at Holy Trinity and un o. This has proved to bg a most harTnonious appointment aTrY the LooJm Minister continue5 to lead significant improvements in cOnggatIOnal morde. On the lmInIStratIve side Ihe ol Il Church Adminstrator, Is greatly apprLrlaied. The Church Ottice has also proved invaluable. He has consideiable IT media $kn'lL8 whh ream the services. Thè church 15 suworted on ihe linanclal slde by the Traasurèr, Mr d the Booldceeper, Releren¢e and Adrninistr•tive Inlonngtion Trugl The following have sewed as Irusteeslmembets of the Kirk Session from 1 January 2)24 to Ihe L1ats of signing itt& accounts unless Otherwise siaied-. TIre are a numberof eld8rs in the CTrlgregation who are mt m4rnbers ol th8 [k Session.
BOARHILLS, DUNINO AND ST. ANDREWS: HOLY TRINrrY CHURCH OF SCOTLAND TRUSTEES, ANNUAL REPORT for Ihe year ended 31 December 2024 Prln¢lwl Oftlctrbwers Locum Mini818r Interim MoL1erator hAinisters in Associallon Children s. and Youth worker Session aerk Treasurer Plesbytgry elder Grft Aid Convener Chur¢h Officer Administrator Bookk8eFer Safeguarding crdInaS Convaner of Fabric and FInar t8arn Hall convener Pl11paI ljflca". Thè Church (Xlte. South siraet. Sl Andra, Fifa. KY16 9NL SC017173 241484 Charity Registrats'on Numb8r.' CO)regatIon Reference Number.. Independent Exam1rr H8ThI8rson 8lack & Co, Chartèr8d Accounlan15. Sl Andrev Royal Bank ol Seotland, 113- 115 South strt, St Andrews. Fife, KY16 9QB
BOARHILLS, DUNINO AND ST. ANDREWS: HOLY THINy CHURCH OF SCOTLAND TRUSTEES, ANNUAL REPORT for the year ended 31 December 2024 Trustees, Responslbllltles In rolallon lo the FIarSaI Statement$ The charity trustees are reswrns10 for prgparing a trustees. annuai repcxt aThl financial stateTherrt5 in accordanc8 with applicable law and Unltett KirYJdom Accounting Standards (United Kingdom Generally Accepted AcctyJntsrKJ Practsc81. The law applicable to Charities in Scotyand raqUir the charity trustaes to prepare financia1 slatements lor each year which show a true and lair view ol the state of alfaiis ol the charlty and ol Ihe Income and 8xp&N1ity1g of Iho chorty for that porKd. In preparing the financial statements, the tnJstees are required to.. select suitable accounting mlicies and Ihgn apply Ihern CO[stentIy. observ8 the mothcxj and principlès In tha applicable Charitios SORP. rnake judgements anol esiirnaies Ihat are rgasonabla and prudent. state whether appluble acnbng standards and 5taietnent5 of recoMEndj practice have been lollowed, subject lo any departuros disclosed and •xpL4ined In the financial slalamants. prepare the financial statements on the going concern basis unless It inappropriate lo pregJme ihai the eharity will continue in op8rational exk818nc8. The tru8t88s ara reswnsible tor keeping propor accounling records which disclose with ieasonable accuracy at any timo the financial position of the charity and lo enablo Ihom ts ansure Ihal th8 financial Statements comply wilh Gharibes and Trust8e Investsnent (Scollandl Aci 2005 and the Charitiès Accounts ISco¢landl Regulalions 2006 las amended). They are also r#ponsible lor safeguarding the assets of Ihe charity and hence lor taking rèasonabb 5tsps for the prevention and deteetion DI fraud a1 other iiregularili88. The tTU5tees are re5PK>n5ible foi the malnlenance and ini8grily of charity and linancial inforrnation on t congregation's websitg. Legislation In the United nglM governing the pwaiaiion al dissemination of financial siaièmènts rnay diffef from 18gislati In Other lurisdiclorts.
BOARHILLS, DUNINO AND ST. ANDREWS: HOLY TRINrrY CHURCH OF SCOTLAND Independent Examlnerfs Report to the Trustees of 8oarhi114 Dunino and SL Andrews: Holy Trlnlty Church ol Scotland I report on ihe accounts ol the chwity for the year ended 31 December 2024 which are sel rAJt on page8 10t0 22. R•#pectSv0 r08ponBlbllltles of try$le•• and •xgmln•r The eharty's trustee5 are raSnSIble lor the tyeparation ol the accounts In acctsrde with Ihe lerms of the Charlties aThJ Trustee InvestTllt (Scotlandl Act 2005 and the Chanties Accounts (Scolandl Regulations 2006 las amendedl. The chanty trustees consitler that the audit r8quirement of R8gulatr'on 10llllal to 1¢) ol the P£counts Rggulab"ons ¢Joes not apply. li Is my rosp)nsibility 10 axamine the accounts as requir uNler settion 4411llcl of the Act and to sl3le whether particular matters have come ro my attention. Th rerxyl is made lo the Iruslees, as a Lx)dy, in accordance with 18rm5 of my engagemeni. My work has bo8n undertaken so that I might stat8 to the trustegs those mattors l 8m r8quir8d to stat? to them in an Independent examiner's r&wrt and for no other puipose. To ihe lullesi exteni permilled by law, I do noi accept or assume r88portsibility to anyono cslhoi than charty and th8 trust888 lor rny work or tor this rekxsrt. Basss of Indèpendent examlner's statomort My exatTrillatiOn 15 carried out In a(wrdan¢e with Regulation 11 Df the Charities Accounts Iscotlandl Regulations 2006 las amendedl. An oxamination irtlud85 a revi8w ol th8 accc4Jntin9 records kopt by t harity and a cornparison ot the accounts psented with Ihose reccrds. It a130 includes consideration ol any unusual iterns or disclosures in th8 accounls, and Seeks exFAanatlons from the tru5te8s conc8rning any such matters. The proc&Yur&5 undertaken do not provid8 all the evidence Ihal wou be required in an audil, aTrJ consequenY I do not express an aud1 opinion on Ihe view given by the accounts. IndepeThJent ?xwnlner'8 8lalement In the wJrs8 Ot rny 8xaminatk)n no matter has ¢om8 to my attention.. hich gives m& reasonable cause to believe that in any rnalerial rest¢¢t Ihe requirements". to keep accounting rgeords In aeeorclanc8 Wlth 44 11llal of tho 200S Act artl Regulation 4 DI the 2006 Accounts Re¥ulauon5. an¢Y to V8pare a¢¢ounts which accord with the QGcounting recor&8 and COmY wilh ReguSati¢)n 8 01 Ihe 2006 Aceounis REgulations have not been met, or 2. to which, in rny opnicn, attenlon should b8 drawn in ordar to onab18 a proper understanding of the accounts lo be r8a¢hed. Chestney Houao, 149 Atstet Str••t, St Andrews, Fife, KY16 9PF Henderson B1k & Co, Chartered Aecountant*, 10 July 2025
BOAAHILLS, DUNINO AND ST ANDFIEWS.. HQLY TIIINITY CHURCM OF ScoTLD STATEMENT OF ANANCFAL ACTfVITIES lorthe yeor¢n¢ed 31 Decembet 2024 Fun nds Toi•l Fur¥Js FdI Fundi Total Ir¢0M••r Ifom.. &5,982 61,3SS 927 61.356 42.073 78,209 57.209 2.039 ia140 2WS 81.a34 $7209 ChailLI0alll8S lTrée51TrEnts Transr Union Ban¢o 24,8 18.140 rcholscalland brte Fmd Tot411ti¢ttnp 42291 S.610 189,180 24.66Q 2Y.847 27.713 502 196.ns 21S.484 20.620 2a6.104 Tolll wxpqnulttsr• 162.120 NEtI•xFthithtwolnncorn•b•for• 17,1651 (7k441 14.054 nonlnwstniorrtry¢p¢rty 45,0 27,671 N¥1 14.835 19.299 34.134 229 11mdXpefidhurV> 7.670 23.339 3T.(IJ9 5.510 65.327 Tranf6rs b8tn 700 700.393 53.556 708.L 1677.0541 148WI 118.OB3 lurf$U9fOnVdrd 191,202 1.199.029 IA20,831 239,242 I.Q80.146 30.BL 1,349.98B 521 .2 75 30 600 1 451.840 1 420 831 10
eOARHILLS, DUNINO M4D sr ANDREWS= HOLY TRImy CHUACH OF $TLAND BALII4CE SHEEI •131 DeCeMr 2ty24 Ltrrfestrtod Resirlld Tol¥ TOIII Fur Fd FuNI• FurAI 2021 2J TBn&ible As IThvgsiThwI pryty e&922 625.wo 2.233 694.156 68.922 625.0 518.18 77D9J 825.( 574,089 1.275.484 fj25.W) $72.049 I.197.(9 $15,9SS 515955 ¢uTheni 174,798 De913 6.56J 6.07$ 213.gJ4 250.551 122,598 15&178 AmouDis I3m 11 a824 .824 241.7&> lo.1 10091 30,600 20. e99.265 521.9F5 191.3)2 30Eo 1.42Q.831 1.199. 12 .6 Rttstrfelèd
BOARHILLS, DUNINO AND ST ANDREWS: HOLY TRINITY CHURCH OF SCOTLAND STATEMENT OF CASH FLOWS for the ye8r ended 310ecember 2024 Note$ 2024 2023 Net cash used in operatlng actlvltles 13 37,220 25,lJ)2 Cash Ilows from Investlng 8Ctlvltles: Investment income Purchases ol tangibl8 lixad assgts Purchases ol investments Proceeds from Sa ol investsnonts Net cash provlded byl(u8ed Inl Inv8stlng a¢tlvltle$ 42.073 28,987 118,6511 169,3251 31,080 29,909 42,073 Change In cash and eash oqulval&nis in the year 4,853 154.9111 Cash and eash equlvoltnts brought torward 64,340 119.251 Cash and cash equbvalents carrled forward 69,193 64.340 Analy$l$ ol ¢h•nge$ In net debt 2024 2023 Cash at 1 January 64,340 119,251 Cash flows in year 4,853 154.9111 Cash at 31 D8c*nbèr 69,193 64,340 12
eoARHILLS. DUNINO AND ST ANDREWS: HOLY TRINITY CHURCH OF SCOTLAND Aeeounvng Poll¢i¢$ for the year ended 31 December 2tr24 Prlnclpal A¢¢ountlng Pollcles The princip a¢courtllng policies. whKh havè been awAigd consislenuy in Ihe cwreni and pr8¢•Jln9 y8ai da19 th items whKh aTe considw8d maigrfal 10 tho accounts. ats oulbebw. Bo91¥ ot pr¢parafiot) The Pina181 siaitm8nts havtr prepared Ki 1h A¢couniiTh) and Rowrting by CharilKdS'. Slalemenl ol Recomrnended Pra¢ii¢e 8Kpli¢l6 to ¢haTrfies prgwaring their accounts In attord8nce wllh the Finan>al RgPOrtin9 SlaTvJards appliGaNe In Ihe UK and Republi¢ ol Ireland IFRS 1021 gffoclive Irotn 1 January 2019 and the Finan¢Kal R8porting Slandard applicable lfi the UK aThJ Republ ol Irar IFRS 1021. the Charities nd Trustee Invesbmoni (ScotlaJ) Aci 2005 and Ihg Charilies accounts IS¢oiiandl Rewlati$ 20 las amand8dl. The charity meets the delinityon ol a bo111 8niity under FRS 102 These accounls are PTe5enled FouThJs 51¢rfing. Ihe lunthional ¢ufr8rty of the Ghairfy. value5 are rounded 10 neaffjsi pound. The trustee5 consider Ihal Ihere are no ImMlate uncwainiies )oul th8 chills atY lo continue a5 a 9Dlng ¢on¢ern. As descilbod in lh& Tru¥ie8s' Retort Ihechurch remains wd&r Guardlan$hlp of Presbyttry. Fund ¥c¢ountln Funds are classllled a$ ellher rostrtied tu$. erwjowmtnl lund5 unraslrr¢t¢d funds, dglkned as follows.. Fie9th8¢ lunds are luThJs SLOi8¢110 Swi[ reqrMents as to Ihelr use ¥Jhth may b8 dlar•d by Ihe donoi oi ¥1 their authority oi Created Ihrough legal pio¢ess8s. butslill wilthn the widBr objects ol Ihe chanly. Endiwimenl tunds Brè funds whh have giv on 19 GotKlilK>n that the OlNJinal Capi surn is not reduc80. bul thg IrTr thi5 IS U59d lor tha purwsè dglkned in a¢cordance Iho objects ol Ihg charity. Unr8Slricted lufid5 are 9xp9Jab1e al Ihg dre1K)n ol Ihe trustees in lurth8rancè ol the objeGls ot Ihe chanty. pafls ol Ihe unrosirid8d funds artr eaTTnarked al Ihe dls¢ro1ion ol the Irusiees lor a part¢ulaT PUnD05e, they are dasi9naled In a s4)arai$ fund. Thi¥ dosionaiion has an adrninislralive purpose only and does not ltyaly ren¢t Iht ITU$lees'disGrelion lo appty the fund. InGoffle Iiotn VestMentS and gains and lossès Invesimor)ts aT6 apport bgtwgen r&sirlcléd and unresiiided luNJ$ bas on Ihe balan ol each fund. Ineom lllcome is remgnised when the chHrity hag ernillemeffl 10 thè lund5. any performance Gondilions allached lo the como have been met. il is piobable Ihal Ihe income will be re¢wved and Iho amount can bt mta5ur4d ieliably. Expendltur• Eipendilurè is re¢ogrMsèd a$ SODll ts th£re a kgal or CoJ¢110 obllgalion comm1n9 IhB Gharity lo that eKpèndlure, il is probable thai S¢lll6meni will bb requiigd Ihg amount ol the 0JaIl)n can bo mga$ur6d relwbly. All exp&ThYilure is a¢couni8d lor on an accruals basis. Ikfb•ted sery¢e$ fo¢lllti Donaied pioless)nal $wvi¢es and donaied lacilrfies are recognised as income when thè charity has eonirol ov•r Ihe ileffl. any condilK)ns assccialed with Iha th)naied item havo bggn twl, the recBipl ol econom bgngllt from Ihè u$e by the charily of IhB item 15 probable that econom1¢ bènelil Can bo mèasured Tel>1y. In accordancg Ylilh the Chariiies SORP IFRS 1D2J Ihp gOner volurneer lime ol ¢ongrogaiion membgr$ is not recogni58d. On ieceipt, donatèd prolgs4onal seM¢es and donaiod lacililks are reco9nised on bas1$ ol Ihe value ol Ihe gill lo Ihe charity whKh Is amounl the th8riiy woukl have téen williw pay its sorvg5 or facili1$ ol equivalent ¥¢ontrri¢ b¥ntrfit on Ihp opgn market,. a Correspondlng am(nI Is Ih8n Gnised as expenditure in Ihg perlod ol re¢elW. Iniere$l on lund$ held on 48posil is included fec8wable and the arrrf)uN can be mearnd ¢pliaNy by the ¢harily.' Ihis is normally upon nolllKalion ol the tares1 paid Dr payablebylhe bank.
BOARHILLS. DUNINO AND ST ANDREWS: HOLY TRINITY CHURCH OF SCOTLAND Accountlng Pollcle8 for the year ended 31 December 2024 Flxed assets The charily ha$ Ihe rKJhl to o¢¢xJpy ancl use for ils Charitable object5 certain tangib18 IIx8d ass8ts, IdIng the Church buildings. vested in the Church ot Scotland General Trusl88s. No cOnderatIon Is payable lor the use of Ihose assets. Expenditure incurred on Ihe repair and mainl8nanc8 01 Ih8s8 assets Is charged as expendiiure in the Statement ot Finanal Activities in the period in which th8 liability arises. Tile to the Churth is v8Sterl in the Churth of ScoiiarKI General Trustees. fill&s lo the hall and the investment prow1y are vested in the Mirister and Kirk Session as TStee$. The original cost ol the hall is Unk7) and it Is very diflicull to arrive at a value on a current use ba$ and so M value Is assigned 10 It in th056 finanal siaiemonls. All lawible fixed assets costing in exces5 of £1.000 having a value lo the charity greal8r than one year, a tal81Sed. Depreoaiion is provid&1 on a slraight-line basis lo wrile off Ihe cost or initial value, less resldual value. of tangible fixed assets over Ihwr estimated useful lives.. Fumishinps & Fittings 10 year5 Inve$iments Fixed and current asset investments are staled al market value at tt)e balance 5he81 dale. Unrealis8d gain8 and losses r8pr8s8nl the drflerertÈ b8tW9en the market valve ai the beginniryj and end of the financial year or, il purd)ased in Ihè yÈar, the dilferen¢e beiyeen cost ar rnarket ¥alu8 al th8 end of the y8ar. Flealised galns and losses represent the differtnce between the proceeds on diswsal and th8 martet value al the start ol the year 01 iy)st rf pur¢haseLI in the year. Flnanclal Instruments Financial insirumenis aro recognlsed in the charity's balance sheet when th8 charity becomes party to Ihe ¢onira¢tual provisions of the inslTUTnent. Basic financial assets IwhKh include debtors arKI tash ar1 bank balances) and basic financial liabilities (which include credilorsl are initially measured at the amount we1vae or payable including any transaction costs and are subsequently ¢arried al amorh5ed c051 using the effective interest method. Basic financial assetsllial1l1es. classilied as wVe/Payabkn Mlhin one y8ar, are not amorbsed. T8xatSon Boarhills. Dunino and St Andr.. Holy Trinity is recognised as a charity and 1$ therefo not $ubi*t to taxatKn on ils charitab18 activities. Th8 charity is not registe1 for VAT arKI 9XndItU therefore IludeS jrr8cov8rae input VAT. Alloc8tlon of expdItuTe Costs chargerl to a resiricled fund ilUde direct suppxxt costs in rdabon to th8 restrKtsd aCti¥Al$. Judgemenls In •pplylng arcountlng p)Ilcles and key sources of 88tlmallon In Ihe aPPCation of the charity's acwunting polici8S, the Iwstees are required to make judgernents, estimates and assumptions atKJut Ihe ¢arrying amount of assets arKI liabilitie5 that are not readily availabl8 from other sourc8s. The esrnateS arKI asso¢iated assumoions aty based on historical exp8r189 and olhar laelors Ihal are levant. AUal results may Ilifler from these estimates. In preparing the39 financial sta18menls, the Iwstees have rnade the lollowng judgernents.. Accruals Trustees esfjmate the Qu1Ments for accwals using wsl year end information. This klentffies ¢osls Ihat are expe¢ied lo be Incurred for seivices provided by other parties. Accruals are only r818ased when there is a reasonable oxpectalion that these costs wll not b8 invoiced in luluro.
BOARHILLS. DUNINO AND ST ANDREWS: HOLY TRINITY CHURCH OF SCOTLAND Not fomilng part of the flnanclal ststements for the year ended 31 December 2024 Unreslrlcted Fle$lrlclod Fund8 Fund8 Unrestrlcted ReBlr6ctod Fund$ Funds Toial 2024 Tal 2023 Donattons 8nd leo8¢1•8 Offerings Tax rgcovarablfy on Gitt Aid donallons Chutrh llectIOn bomes Leyaciès Othgr donations 41.935 10.843 7.406 2.340 225 44,275 11, 34,611 12.184 3.717 6,500 21.197 78.209 2.100 225 36.711 12,409 3,717 6,500 21.697 81.034 25.798 85,902 380 2.945 soo 2.825 In¢omè from chDvllHblp actlv6tkn6 Weddngs and lunfjrals Chantable and fund rak8ino 8VtTrt$ Use ol premi$o$ Sale ol stnall Itgms and 0S 8.745 3,747 0,745 3.747 46.864 8.495 4.299 44,120 295 57.209 8,495 4,299 44,120 295 57209 61.356 Inv88tm8nt Income Interest on dewsits Church ol Scoii&nd un Dld0ndS recdvèd Proparty r&ni In8ti 525 3,713 95 16.025 20.258 525 25,428 95 16.025 42.073 201 1.749 21,715 21.370 23,119 89 3.578 26,987 3.578 24,94B 21.715 2.039 15
BOARHILLS. DUNINO AND ST ANDREWS.. HOLY TRINITY CHURCH OF SCOTLAND Noto¥ lormlng Part of the linanclal statements for th¢ yo•r onded 31 December 2024 Unrtstrtctsd Aestrlclod Funds Fund8 UnTr$lrf¢tod H08trf¢t8d Fund8 Funds Total 2024 Tolol AnItyS ofoxpondllure Raising lunds Fur iaising ev8ni$ 1,668 $02 502 502 502 1.668 ChaitableaGIMhg$ Givlng 10 GrOwk)calft Pre5bylery Dues Locum mlnigters and expenses Locum organists Oiher s&ry¢¢$1$ RepaiTS maiTrlenance ol properties Chvrth garden expenses IDsufanGe Healing and LvJhlino Church local cosls Benfi¢iail$$- Biirtll lund Organ maintenance Churth olli¢• •xpttsts Church lelethone Donations Book-keepin9 and payroll lees Indepe ndent examinat expenses Legal and professional lees Depre¢iaiion 23.7t 2.379 18.955 13.261 31.163 37.331 23,709 2.379 18,355 13.261 37.470 46.776 20,361 1.5SO 11.862 9.155 25.914 22.382 1.040 17,436 15,225 J,483 20,361 1,53D 11,862 9,155 21,914 22,J82 1.240 17.436 IS.225 3,483 6.233 3,491 S.986 1205 998 8,468 2,580 22,531 8,307 9,445 200 6.000 200 19,896 24,725 4,704 19.696 24,725 4.704 4,515 9,744 7,397 4,515 6.233 3.744 7.397 1.364 225 10.666 5,3)6 2.090 10.320 215,484 3,491 5.988 1.21 938 8.468 ?.580 10.666 3.336 2.090 10.473 236.104 22,531 153 153 20,620 10,560 196.735 Totsi 7.772 162,120 197237 Supwn cosis have noi been separaiely ideniiiw as tho Irusi88s conder Ie is only on& charilae adlwty. Thereloie SWKJrt cosis idaie w411y 10 thai a¢iNity. Glvln9 to Grow JJIouii•n 2024 2tr Tolal alkicabon Les5 Iran5ilion lundir Les5 paid by slipend 8tKknJrnent COrne Less L8$s Gl$b8 r8ni Amount pa. pgr now 5 43,735 {8241 33.521 12,7261 137 5. 91ott costs ond number¥ Unr•strJcW Ro8trl¢iod Funds Funds Lknieslrlctod R•strfcted Fund$ Funds Tot•1 2024 TolAI 2023 Salarie$ and 4Yages ¢ontributn$ )0.917 246 31.163 6,307 37.224 246 37,470 25,576 6.000 31.576 338 31.914 .907 25,914 Continued cn page 17.
BOAFIHILLS. DUNINO AND ST ANDREINS.. HOLY TRINITY CHURCH OF SCOTLAND Noles form5ng part ol the flnanclal statemonts tor the year ended 31 December 2024 5. Stoll co¥ts ond numbers l¢onllnuedl 2024 Number Number The averago numbèr ol employs (Jfin9 lh• yèarwas as lolkyws.. Chtsr¢h Olll¢er and Setreiaiy Youlh woikers Cargtakats and ¢anS No eoyee had beng115 in gxeessof t60.12023- nlll. All Church ol S¢oiiana congregaiion$ contribut8 10 lh• NaiK)nal Slipènd Fund which boaT5 the t051s ol all minisleis, slipends and ernployer's conlnbulions lor naiional Snsur8n¢e. penslon and hou$lng and loan fund. Minisio1S' Stipands ar& paid in a¢cordance wilh the nation stipend 5cal&, ieh Is relate¢ lo years ol Sgiv8. For tho year und61 review Ihe minimutn sbpend was £31.642 1202J ,135) and th& rnaximum stipend lin the lirth arngsubsequenl ywsl £38.88412023- £37.0321. TN8teo Remtsmratlon afjd Relat•tt Party Tran5actlon9 No Iiuslees TeGeiv£d refflun£rabon or gxpanses duriro th$ year. No Iru$i8e oi a person reId 10 8 Irusi80 had any por$¢nal ini8rè$i in any eontract or Iransaclion enleigd lo bylhe charity during the year other than as de$cnb&Y ab)ve. Durtng the >8r a to1 ol t11.49312023- £13.4001 was donal8d to the Co09a0n by Iru51ees. Flxed •¥ts 2023 Furnlshlngs F¥rnlshlng$ & Ftttlngs & Flltlngy ost Al 1 January Addrfi¢ns At 31 Denkner 92.565 18.$51 Aceumulated Depreclatjon Al 1 January Charge lor yèar Al 31 DeGgmber 33,B21 10.473 23,108 Mel Book Volue Al 31 DeG&mber 66.922 77.395 InveBtment PrortY 2024 Land & Bulldln95 Lftnd & ulldlngs V&lu•llon At l January Rovalualion Ai 31 Oe¢gmtér 625.000 580.WO 625 ODO The lair value of Ihe inveslrnenl prorthy has been diiived ai on the basis ol o valuatrn ¢ariied out ai 31 Derember 2023 and the Iruslee5 are of the opinion Ihal Ihis valualion rernalns approprlale al 31 Oecèmb 2024. The Vall¢n was mado on an open mathai value basis by ielgrEllcg lo market evidellcg 01 transaclK)n price5 lor sifflllai prop8rtles. The 011n cost ol thg L% £352.Id9. 17
BOARHILLS, DUNINO AND ST ANDREWS.. HOLY TRINITY CHURCH OF SCOTLAND Notes formlng part ol the flnanclal ateMentS for the year ended 31 De¢ember 2024 Inveslments 2024 2023 Mark8t Value al 1 January Additions to investments at cost Disposals at carrying value Nei gain on revaluation Market Value at 31 Decernr 658,852 586.707 69,325 131,6801 692.986 658 852 cash added to investments in the year was £iyl12023- £38.2451. Investment5 at market value cornprise.. Church ol Scotland Growth Fund units Church ol Seotland Income Fund unts Other lisi&Y investments 365,115 326,303 1,568 692.988 333,639 323,353 1,860 658 852 Included as-. Fixed asset inve3trnents Current asset investmenis 518,188 174,798 892,986 574,089 84,763 658.852 The higtorieal cost value ol inVestntS at the year was £476.04312023- £476.0431. 10. D•btors Total 2024 Totsl 2023 Unrestrlcted lunds Grft ReCoVerae Other dsbtors pr8P8ymeFJts 3,917 6,563 3,432 6.075 11. Credltors: amounts falling due wlthln one year Tolal 2024 Total 2023 Unrestrlcted funds Acuuals Other creditors 5.991 8,824 10,831
BOARHILLS, DUNINO AND ST ANDREWS.. HOLY TRINITY CHURCH OF SCOTLAND Notes formlng part of the flnanelal $1otements for the year onded 31 D8cemb&r 2024 12. Movomenth In funds O•ln At31 Invejlrmnt Dec*nknr 2Vd4 Movements. 2024 nuary 2D24 Incomè EKpBndNur$ Tr•nsforn Endowmenl lund¥ 30,000 600 30.000 600 30.600 Wilson fund ICapil&l R•stvkted funds Birrell lund IFlev8nuel Wilson lund IRevenu81 Flo¥ver lund Gibson Giave fund Mi55 Rodgers Grave lun(J Miss Slurrock's Grave fund Faunl Grave ld Graves Res8rv• lurKI Miss Bealh's hnortilication Aag Resioraiion lu Mr$ DkIe'S Bequest Trinity Community Project Trinity Account fund (see Pgpertlx 11 Youth Work Mentoring ThAanse Fund Mi55 R8dloTds B8qU881 hAi55 Grubb's 8veSt 42,348 207 1.185 1,029 4.190 43.052 207 1,365 380 12001 292 292 921 1,000 687 7,386 582 7,536 8.198 4,402 1.000 6.575 651 163 177 2,744 664 722 731 7,287 16,4601 700.393 21,379 400,478 1 199 029 17ty),3931 519 19.488 19.4451 2.115 10.226 14,568 430,192 521.975 20,620 7W.393 UnTrIe4 tunds t)88lgnated funds Church Garden fund Church Guild Generd Beque5ts- Ses&on Mis$ MewlaThJ'$ 8egJe$i 320 4,748 297 699 12,8501 6.452 2.97J 25) g,675 13,4711 4.879 3,463 250 8,592 193 &365 14,4901 193 nerol funds General fund 181.527 191,202 204.622 209.987 212.662 217.152 702.544 700.393 14,835 899,265 Tolal funds 1.420,831 234,647 237.772 34.134 1,451,840 19
BOARHILLS, DUNINO AMD ST ANDREWS: HOLY TRINITY CHURCH OF SCOTLAND Notes tormlng port of the flngncl¥l Ststements for the year 818d 31 Dec8mber 2024 12. Mo¥emonts fut)d8 Iconllnuedl ILoJs1 on Inwstm•nt rnovpm8nl8 A131 DAc•mr 2023 Movement8- 2023 2023 IncoTh ExpondliW• TrAmsl• EndowrtM>nt tur¥ 30,000 600 30.600 20,000 600 30.600 Wilson fund (Capilall Flestrlctad fund8 BITrell fund (Revenue) Wilson fund IR&venu81 Floww fund Gibson Grave fund Miss Rodgtr's Grave fund Miss siurrock's Grave lund Faunl Grave lund Graves Re$eNe fund Miss Btraih's MorhliGation Flag Restoration Mrs Dickie's 6eqLeSt TTinily Community Prqect Trinity Accouni fund (see Appendix 11 y1 Work Metoring Manse Fund Miss Fl6dl£rfds BÈoua81 Miss Grubb's Bequest Feasibility StLhJy 42.493 207 914 1.898 3.276 42,348 207 1.185 5(KJ I2) 292 921 1.000 687 5,629 $82 S,744 6.249 6,977 292 921 1.000 687 6.575 582 6,709 7299 7,387 902 700.393 21.379 4W.478 142 301 327 3.507 519 565 572 158 2,484 16.IS31 648,111 53,087 302.195 3.500 1.080.146 S,130 462 17.838 48.687 114,7931 63.556 16.889 3.500 27.773 53.556 72,671 1.199.029 Unre5¢rlct fundg Designated funds Church Garden lund Church Guild Genera Bequests- Seg&ion Miss NeYAand'$ 88quesi 744 5.190 172 11.0401 6,073 2.651 I3,0} 452 2.972 250 9.675 150 8.974 6,106 12,7041 150 Genoral lund8 Gen8ral lund ¥JO.268 155.301 fJ9,242 161.407 159.269 162.120 50.852 53.556 6.079 181.527 191,202 Total funds 1,349.966 78.9 1.420.831 Over the years. lh9 a85et8 In th8 restricted lund$ hav8 changed from cash to inveslmgnls. To rell¥tt the impaGt ol ihi5 transilKin. Iransler¥ hav8 made in the year Irom the unreslricled general fund to ts)mpansai* re51ricled funds.
BOARHILLS, DUNINO AND ST ANDREWS: HOLY TRINITY CHURCH OF SCOTLAND Note8 formlng part of the flnanclal statements for thg ygar ended 31 December 2024 12. Mov8ment8 In fund$ Iconllnuedl Purposes ol Endowmènt lund# Birrell fund.. The fund was established by an orfginal donation of £30.000 to be mntain&J as the capital with Ihe ir0M8 bging applied lo provlde for the relief of 'indigent gentlelolk of St. Andr&ws'. n ." The fund was established by a bequest of £600 to b8 maintained as Ihe catal wlh the income Ling applied lo prOVe lor the benefit of the poor, living within lh& p8dKamenlary undarieS ol IIE uly of Sl. Andrews. purpos of ROed funds .. The income is 10 be apPlij lor Ihe relief ot'indigent gantlefolk ol St. Andrews" Wilson lund.. The income 1$ 10 be applied 10 provide lor the benefit ol the pcor, living vlthln the padlamenlary tndarIeS ol Ihe City ol Sl. Andrews. This is a fund lo provide flowers for display in the church du¢iNJ Serv6$ ol swtship. £.. The lund5 were crea18d to assist 1th the mwnIen9 ol various graves. Miss Bealh's Mortrf tion. The fund was eslablished by a LEquesl 22 June 1877 to pro¥Ad8 lrrtxj lo be $ lo assist the poor of the City Parish ol Sl. Andrews. Fl Restoration fund.. Th8 fu Wds formed lo attract support for the reslootion ol a historic flag within the church. The project was completed in 2008 and th8 balance of the fund Is retained to tneet future expenses. Mrs Dickie's B ues .. This bequesi was made 10 assisi ¥wlh the wrchase of comrnunion silv8r. Tri1 .. The fund wrd5 created Irorn a bequest lor Ir purrA)se ol doing ¢ommunty work. Trini A nI d- This fund vrds croat8d lo hdd lunds raised by Iho8e attendlng TriThty setvi(s and to support the activities and mission ol Trinity group. .. Funding was received lo assist ¥vlth th8 rn@ntodng expenses of yOLrth workors. ns Lo Fund.. This reflects th8 value ol the [K0rtY in Priory Garder6 lintended for use as a manse) plus investment inc0rn8 arising on the fund. As the asset is available lor the general unreslricled wrp)ses ol th8 Church, Iho Trustees made ihe decision, on 1 JVary 2024, to tran5f8r the balance on thi8 fund lo the unstriCted oeneral fund. U8sI.. fhis bequest was received to form a Capiial Fabric Fur. In 2023 sourKI equipment was purchased lor the church and capitali$erl as a fixed 8$5et. &th the assel transferring to unrestricted lunds. sma arel Gwbb's 8e U8s1.. This b8qU8St was rocelved to lorm a Capital Fabric Fund. Fe8 &1¥.. Funding was CeIe to earry out a tea5aL¥l'ty study in 2023 on upJrading facilities in Ihe CNIh PurpL1585 01 De8lgn8led funds Funds have b88n designalecl lo m*nlaln Ihe Ghurch gardens. Chuich Guild.. The Church Guild works to promote fellObiP wlhin the corrfJr8gall and lo hokt lundrwsing events from whl¢h thèy make donations 10 the General luThJ ol th8 church and to other Charfl$. The following funds wer8 received aThJ set asid8 to prowd8 for proJe¢ts deslgnaied by thg Minister ar¥J SeSon from timtr to time.. Geneial Beqvests- S8ssk)n Miss Newland'5 Beque51 21
BOARHILLS, DUNINO AND ST ANDREWS: HOLY TRINITY CHURCH OF SCOTLAND Notes formlng part ol the flnancial ststements lor the year ended 31 Deeember 2024 13. Reconciliation of net rnovement In funds to not eash flow from oper?Ilng actlvltles 2024 2023 Net movernant in funds per Staternenl of Financial AdNilies Add back depreciatlon charge Deduct investment income Deduct galns on investrnents Deduct gains on ralUatIOn of Irwesiment property Increase in debtOTS IDecreasellincrease in creditors Not Cash uséd in optraiing adivtues 31,tM19 10.473 142,0731 134.1341 70.843 10,713 128,9871 I33,9) I45.0) 11,8701 1,199 125,0021 14881 12.LK)n 137.2201 14. coll1n$ fty Thlrd Partles Storehouse LatinLink Boliwa Er$'ne Edintxjrgh Dire World Day of Prayer Gaza Hospital Beach Wh&èl¢hair¥ Reliral gift Disasters Ernerger¢y Cornrnittee- Turtfeylsyrfa aFpeal me Shed 1,761 98 39 374 120 104 329 230 1,521 80 171 391 246 2.409 12,2131 437 633 3,055 13,C631 33 625 Donations paKI Balance from ptsvious year Baiance earrièd to nexi year 16. Volunteers In common ¥%lih all cowregatiorns of thè Chur¢h of Scotland the congregation benefits from the contributions rnade by volunteers who give Ihdr lime and talents wllingly for the benefit ol the Church. The areas ol congregational life which rely on the contributions ol volunteers are many and varied and much ol the activity would be unable to eontinue were it not for the commitment shown. 22
BOARHILLS, DUNINO AND ST ANDREWS: HOLY TRINITY CHURCH OF SCOTLAND Appendlx 1 to the Ilnanclal statementg lor the year ended 31 December 2024 Analysls of fran¢t10n9 on the Trlnlty A¢¢ount Fund Ireslrlctedl 2024 2023 Offerings - Gill Aid and non Gift Aid Equipment and depreciation Share ol investment income Share of gain on investmants Youth worker salariés Movement in yoar Balance of funds brought forward Ir8stricledl Translors from Holy Trinity Balance ol funds carri8d loard Irestrictedl 2.565 11531 179 731 16,3071 12.9851 7,387 2,325 11531 159 572 16,0001 13,0971 6,977 3,507 7.387 4,402
BOARHILLS, DUNINO AND ST ANDREWS: HOLY TRINITY CHURCH OF SCOTLAND Appendlx 2 to the flnanclal slalemenls tor Ihe year ended 31 December 2024 Fund$ held on behall ot the Congregatlon by the Church ol Scotland Gen¢rnl Trustees and not Included In the forgoong •¢¢ount$ Consolldat•d F¥bric Fund Revenuo Account 2024 2023 Balanc8 brought forward Transfer of Union Balae Dividends Interest earned Used against costs Transferred to church account Balance at 31 December 11,491 12.940 4.216 145 9,219 7,520 11,0661 27,362 1,689 5,810 11,491 Consolldated Fabrlc Fund Capltal Account 2024 2023 Balance brought forward Transfer ol Union Balance at cost Transferred lo church account Balance kt 31 December 258,119 258,119 14,929 43,190 258119 Markèt Valuè of b*ance5 at 31 December 362,914 359,981