Dundee: Balgay Parish Church of Scotland
Annual Report And Accounts Year Ended 31 December 2020
Congregation No: 291709 Charity No: SC017449
Balgay Parish Church of Scotland Trustees’ Report Year ended 31 December 2020
The trustees present their annual report and financial statements of the charity for the year ended 31 December 2020. The financial statements have been prepared in accordance with the accounting policies set out in Note 1 on page 9 of the accounts and comply with the General Assembly Regulations for Congregational Finance, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014.
Aim and Purposes
Dundee: Balgay Parish Church of Scotland has the responsibility in promoting the whole mission of the Church, pastoral, evangelistic, social and ecumenical.
It also has the specific responsibility for the maintenance of the Church and Halls at Tullideph Road, Dundee.
Objectives and Activities
The Church of Scotland is Trinitarian in doctrine, Reformed in tradition, and Presbyterian in polity. It exists to glorify God and to work for the advancement of Christ's kingdom throughout the world. As a national Church, it acknowledges a distinctive call and duty to bring the ordinances of religion to the people in every parish in Scotland through a territorial ministry. It co-operates with other Churches in various ecumenical bodies in Scotland and beyond.
Services are held every Sunday, and also on special occasions (Easter, Christmas etc.). The services are supported by our organist. There is a creche and Sunday School. A Friendship Group meet monthly throughout the winter session, and social activities are well catered for with groups for Crafts, Flower Arranging, Dancing, Supper Club and Rambling.
Achievements and Performance
The worship, witness and fellowship of the church has continued throughout a very challenging year. The year started with our normal routine of services and plans for Easter. This was thrown into disarray when we went into lockdown in March and the closure of our building. Undaunted we had to look at ways of worship and communication for what we thought would be the short term. After a short time we started You Tube videos for a service online that could be viewed at home or listen to on a dedicated phone line. Our Elders kept in touch with their districts primarily by phone. We started a newsletter which was delivered to all those with email addresses and handed in to those that needed paper copies. An informal chat time “Time for Tea” was set up on Zoom for Thursday then moved to Wednesday afternoons. The congregation and office bearers continued to work together with our Minister to maintain the good of the church and parish. Board and Session meetings had to use Zoom and this enabled the business of the church to continue. Our finances were stretched however without regular services in the building and no income from the hire of the halls. We still had our financial commitments to keep. We decided to hold services back in the church ona trial basis when we were able in September although limited to 50 people and many other restrictions for their safety in place. This proved popular and we then agreed to hold fortnightly services until we were once again in lockdown. We trialled Zoom services at the end of the year and these are
proving successful. They continued to be available on You Tube. The gifts of all members and others are valued in the life and work of the church. We now have to look forward and we must now consider where Balgay Is going and what is required to maintain its future. Although we do not know what currently lies in store for our church we must continue to carry out all our normal programmes and new initiatives when we are able to havea life without restriction. However we have to be aware of the risks facing our congregation with a falling roll, an aging congregation, restricted finances, large church repairs required and the effects of Covid 19 on us all. As well as strongly focussing on maintaining the church’s worship, its pastoral work and continuing care of members, the property and fabric requires a considerable expenditure to address items of which we were aware and have appeared in our Quinquennial inspection. Fund raising had already started to support this and fund raising events which also incorporate fellowship with each other will be planned for the future. The input of all organisations plays an important role in the regular life of the congregation. The last year has challenged all our members and they have to look forward with a focus and be realistic in their support for the church, with an awareness of increasing costs and declining roll. We have to look forward to promoting and moving the church onwards in its services to the congregation, local neighbourhood and the wider world. These are very challenging times for the Church and we must be positive and have a clear vision to help achieve our goals and to care and help in God’s name.
Financial Review
The principal source of income is from donations from offerings including tax recovered on Gift Aid which decreased from £51,441 to £49,812 a decrease of £1,629. During the Covid pandemic the church was closed for many months and this reflects most of the decrease in offerings. The Trustees are aware of this situation and are taking steps to rectify the situation. A large part of the Fabric repairs related to electrical repairs. Further repairs will still have to be undertaken next year.
Risk Management
The current risks to the church are the demands on our finances to maintain our buildings and the current outstanding works required. We are currently working to raise funds for these works to minimise the impact they will have on our day to day income.
Reserves Policy
The charity trustees have considered the reserves required and have taken into account their current and future liabilities. It is the Trustees policy to hold reserves of approximately two months general expenditure in General Funds including designated funds with sufficient funds being transferred to cover fabric expenditure. At the end of the year the church held unrestricted funds of £58,755 which included a loss of £6,477 for fabric purposes. The remaining balances have been designated as specified in Note 16 Movement in Funds. The restricted funds have increased from £8,211 to £8,460 and the endowment funds have increased slightly from £1,523 to £1,548.
Structure, Governance and Management
The congregation is a registered charity, number SC017449 and is administered in accordance with the terms of the Model Deed of Constitution and is subject to the Acts and Regulations of the General Assembly of the Church of Scotland.
Members of the Kirk session and the Congregational Board are the charity trustees. The Kirk Session members are the elders of the church and are chosen from those members of the
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church who are considered to have the appropriate gifts and skills. The minister, who is a member of the Kirk Session, is elected by the congregation and inducted by Presbytery. The Congregational Board is appointed from within the congregation and members of the congregation are invited to nominate individuals who are believed to have the skills and commitment to contribute to the management affairs of the church, to become members of the Board. Board members are then appointed at the Stated Annual Meeting and serve for a period of three years after which they must seek re-election at the next Stated Annual Meeting. The Congregational Board is chaired by the minister and meets five times in a year. The Kirk Session which meets five times a year is responsible for spiritual affairs within the church. Both bodies also meet as and when required for specific business.
Reference and Administrative Information
| Charity Name: | Dundee: Balgay Parish Church of Scotland |
|---|---|
| Charity Registration Number: | SC017449 |
| Congregation Reference No: | 291709 |
| Contact Address: | Balgay Parish Church |
| Per Mrs Nan McArthur | |
| 33 Blacklaw Drive | |
| Birkhill | |
| DUNDEE | |
| DD25RJ |
Trustees
The trustees who served at any time during the year up to the date of signing the accounts were as follows:-
Members of the Kirk Session
Members of the Congregational Board
Principal Office Bearers
Minister Session Clerk Clerk to the Congregational Board Church Treasurer
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Independent Examiner
Bankers Royal Bank of Scotland, 3 High Street, Dundee, DD1 SLY
Trustees’ Responsibilities in Relation to the Financial Statements
The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Law applicable to charities in Scotland requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period.
In preparing the financial statements, the trustees are required to:
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e select suitable accounting policies and then apply them consistently
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® observe the method and principles in the applicable Charities SORP;
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e make judgements and estimates that are reasonable and prudent; e state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operational! existence.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable it to ensure that the accounts comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information on the congregation’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions
Approved by the Trustees and signed on their behalf,
Dundee; Balgay Parish Church of Scotland $C017449
Report of the Independent Examiner
| report on the accounts of the charity for the year ended 31 December 2020, which are set out on pages 7 to 16 up to and including Note 17.
Respective responsibilities of trustees and examiner
The charity trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).
The charity trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the Accounts regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination is carried out in accordance with regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit opinion on the accounts.
Independent examiner’s statement
In the course of my examination no matter has come to my attention
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which gives me reasonable cause to believe that in any material respect the requirements: e to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations (as amended), and
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e to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations (as amended) have not been met, or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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Statement of Financial Activities
| Year ended 31 December 2020 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Note | 2020 Unrestricted Funds |
2020 Restricted Funds |
2020 Endowment Funds |
Total | Unrestricted Funds |
2019 | Restricted Funds |
Endowment Funds |
Total | |
| Income and endowments from | ||||||||||
| Donations and legacies Charitable activities OtherTrading Activities Investments |
1 2 3 4 |
50,843 614 1,780 289 |
450 0 0 43 |
0 0 0 56 |
51,293 614 1,780 388 |
56052 4345 8693 398 |
6411 0 21 |
59 | 62,463 4,345 8,693 478 |
|
| Other | 5 | 0 | ||||||||
| Total Income | 53,526 | 493 | 56 | 54,075 | 69488 | 6432 | 59 | 75,979 | ||
| Expenditure on Raising funds Charitable Activities |
6 | 161 64,486 |
0 391 |
0 0 |
161 64,877 |
241 80391 |
1288 | 241 81,679 |
||
| Total expenditure | 64,647 | 391 | 0 | 65,038 | 80632 | 1288 | 81,920 | |||
| Net Incoming/(Outgoing) Resources before recognised Gains and Losses Gain/(Loss) on Revaluation ofInvestments |
(11,121) | 102 | 56 25 |
(10,963) 25 |
(11,144) | 5144 | 59 63 |
(5,941) 63 |
||
| Net Income/(expenditure) | (11,121) | 102 | 81 | (10,938) | (11,144) | 5144 | 122 | (5,878) | ||
| Transfers between Funds | (91) | 147 | (56) | i) | 59 | (59) | 0 | |||
| Net Movement in Funds | (11,212) | 249 | 25 | (10,938) | (11,085) | 5144 | 63 | (5,878) | ||
| Reconciliation offunds | ||||||||||
| Total Funds Brought Forward | 69,967 | 8,211 | 1,523 | 79,699 | 81051 | 3067 | 1460 | 85,577 | ||
| TotalFundsCarriedForward | 58,755 | 8,460 | 1,548 | 68,761 | 69,966 | 8,211 | 1,523 | 79,699 |
|
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Balance Sheet as at 31 December 2020
| Note | 2020 | 2019 | |||||
|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | ||||
| Fixed Assets | |||||||
| Investments | 10 | 1,487 | 1462 | ||||
| Current Assets | |||||||
| Debtors | 11 | 6,996 | 9.718 | ||||
| Bank and Deposit Balances | 61,257 | 70,478 | |||||
| Cash in Hand | 362 | 400 | |||||
| Total Current Assets | 68,614 | 79,996 | |||||
| Current Liabilities | 12 | ||||||
| Creditors falling due | within one year | 1,340 | 1,759 | ||||
| Net Current Assets | 67,274 | 78,237 | |||||
| Net Assets | 13 | ~ 68,761 | 7 79 699 | ||||
| The Funds of the Charity | |||||||
| Unrestricted Funds | |||||||
| Designated Funds | 5,397 | 12,317 | |||||
| Other Funds | 53,357 | _57,648 | |||||
| 58,754 | 69,965 | ||||||
| Restricted Funds | 8,460 | 8.271 | |||||
| Endowment Funds | 1,548 | 1,523 | |||||
| Total Funds | ~68,761 | 79.699 |
The Accounts were approved by the Trustees on 28/03/2021 and signed on their behalf by
Session Clerk
Clerk to the Congregational Board
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DUNDEE: BALGAY PARISH CHURCH OF SCOTLAND
Notes forming part of the financial statements For the year ended 31 December 2020
Accounting Policies
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|The|following|accounting|policies|have|been|applied|consistently|in|the|current|and|preceding|year|in|dealing|with|items|which|are|
|considered|material|in|relation|to|the|charity's|accounts.|
|a)|Basis of|preparation|
|The|accounts|have|been|prepared|in|accordance|with|applicable|accounting|standards|and|under|the|historical|cost|convention,|
|modified|to|reflect|the|inclusion|of investments|at|market|value,|and|include|the|results|of the|charity's|operations,|all|of which|are|
|continuing.|
|The|charity|has|adopted|the|requirements|of Statement|of Recommended|Practice|-|“Accounting|and|Reporting|by|Charities”|
|Statement|of Recommended|Practice|applicable|to|charities|preparing|their|accountsin|accordance|with|the|Financial|Reporting|
|Standards|applicable|in|the|UK|and|Republic|of treland|(FRS102)|issued|on|16 July|2014,|the|Charities|and|Trustee|Investment|
|(Scotland)|Act|2005|and|the|Charities|Accounts|(Scotland)|Regulations|2006|(as|amended).|
|b)|Fund|Accounting|
|Funds|are|classified|as|either|endowment|funds,|restricted|funds|or|unrestricted|funds,|defined|as|follows:-|
|Endowment|Funds|are|funds|given|on|the|condition|that|the|original|capital|sum|is|not|reduced,|but|that|the|income|therefrom|is|used|
|for|the|purpose|defined|in|accordance with|the|objects|of the|charity.|
|Restricted|Funds|are|funds|subject|to|specific|requirements|as|to|their|use,|which|may|be|declared|by|the|donor|or with|their|authority|
|or|created|through|legal|processes,|burt|still|within|the|wider|objects|of the|charit|of the|
|Unrestricted Funds|are|expendable|at|the|discretion|of the|trustees|in|furtherance|of|the|objects|of|the|charity.|If parts|of the|unrestricted|
|funds|are|earmarked|at|the|discretion|of the|trustees|for|a|particular|purpose,|they|are|designated|as|a|separate|fund|(Designated|Funds)|
|The|designation|has|an|administrative|purpose|only|and|does|not|legally|restrict|the|trustees’|discretion|to|apply|the|fund.|
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|c)|Incoming|Resources|
|All|donations|and|gifts|are|included|within|incoming|resources|under|either|unrestricted|or|restricted|funds|according|to|the|terms|under|
|which|the|donation|is|made|and|when|the amount|can|be|quantified|with|reasonable|certainty.|Donations and|gifts|in|kind|are|brought|
|into|the|accounts|at|their|market|value|to|the|charity.|
|Donated|Services|and|Facilities|
|Donated|professional|services|and|donated|facilities|are|recognised|as|income when|the|charity|has|control|over|the|iter,|
|any|conditions|associated|with|the|donated|item|have|been|met,|the|receipt|of economic|benefit|from|the|use|by|the|charity|of the|item|is|
|probable|and|that|economic|benefit|can|be|measured|reliably.|In|accordance|with|the|Charities|SORP|(FRS102)|the|general|volunteer|time|
|of congregation|members|is|not|recognised.|
|On|receipt,|donated|professional|services|and|donated|facilities|are|recognised|on|the|basis|of the|value|of the|gift|to|the|charity|which|is|the|
|amount|the|charity|would|have|been|willing|to|pay|to|obtain|services|or|facilities|of|equivalent|economic|benefit|on|the|open|market;|
|a|corresponding|amount|Is|then|recognised|as|expenditure|in|the|period|of receipt.|
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d) Resources Expended
All expenditure is included on an accruals basis and is recognised when there is a legal obligation to pay. Irrecoverable VAT is charged against the relevant category of resource expended.
Charitable activities include expenditure associated with carrying out the charity's objectives. Costs of generating funds are those costs associated with attracting voluntary income Governance costs include those incurred in the governance of the charity and its assets and are associated primarily with constitutional and statutory requirements.
e) Tangible Fixed Assets
The charity has the right to occupy and use for its charitable objects certain tangible fixed assets, including the church, halls and manse, vested in the Church of Scotland General Trustees. No consideration is payable for the use of these assets. Expenditure incurred on the repair and maintenance of these assets is charged as resources expended in the statement of financial activities in the period in which the liability arises.
f) Investments
Fixed asset Investments are stated at market value at the balance sheet date. Unrealised gains and losses represent the difference
between the market value at the beginning and end of the financial year or, if purchased in the year, the difference between cost and market Value at the end of the year. Realised gains and losses represent the difference between the proceeds on disposal and the market value at the start of the year or cost if purchased in the year.
g) Taxation
Dundee: Balgay Parish Church of Scotland is recognised as a charity for the purposes of applicable taxation legislation and is not, therefore, subject to taxation on its charitable activities. The charity is not registered for VAT and resources expended therefore include irrecoverable input VAT.
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DUNDEE: BALGAY PARISH CHURCH OF SCOTLAND
Notes forming part of the financial statements (cont) For the year ended 31 December 2020
| 1 | Donations and Legacies | Unrestricted | Restricted | Restricted | Endowment | Unrestricted | Restricted | Endowment | Total | |
|---|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Total | Funds | Funds | Funds | ||||
| 2020 | 2020 | 2020 | 2020 | 2019 | 2019 | 2019 | 2019 | |||
| Offerings | ||||||||||
| Open Plate | 3,113 | 0 | 3,113 | 7250 | 0 | 7250 | ||||
| FWO Envelopes | 6,708 | 0 | 6,708 | 6310 | 6310 | |||||
| Gift Aid Offerings | 27,988 | 0 | 27,988 | 28764 | 28764 | |||||
| Other Offerings (Donations) | 4,726 | 0 | 4,726 | 220 | 220 | |||||
| 42,534 | 0 | 0 | 42,534 | 42,544 | 42,544 | |||||
| Tax recovered on Gift Aid | 7,278 | 7,278 | 8897 | 8897 | ||||||
| Donations | 0 | 450 | 450 | 0 | 6411 | 6411 | ||||
| Legacies | 0 | 0 | 2000 | 2000 | ||||||
| Members' Subscriptions | 1,030 | 1,030 | 2612 | 2612 | ||||||
| 50,843 | 450 | 0 | 51,293 | 56,053 | 6411 | 0 | 62,464 | |||
| 2 | Income from Charitable Activities | |||||||||
| Weddings and Funerals | 625 | 0 | 0 | 625 | 1275 | 1275 | ||||
| Coffee Mornings etc | 0 | 0 | 0 | 0 | 1122 | 1122 | ||||
| Sales ofWork etc | 0 | 0 | 0 | 0 | 1894 | 1894 | ||||
| Other Fundraising | 0 | 0 | 0 | 0 | 73 | 73 | ||||
| Magazine Surplus | (11) | 0 | 0 | (11) | (19) | (19) | ||||
| 614 | c= | 0 | TG | 614 | ~ 4,345. | 0: | 0 | 4,345 | ||
| 3 | Income from other trading activities | |||||||||
| Use of premises | 1,780 | 0 | 0 | 1780 | 6350 | 6350 | ||||
| Insurance Claim | 0 | 0 | 0 | 1244 | 1244 | |||||
| Craft Group for purchase of Cooker | 0 | 1099 | 1099 | |||||||
| 1,780 | 0 | 0 | 1,780 | 8,693 | 0 | 0 | 8,693 | |||
| 4 | Investment Income | |||||||||
| Deposit Interest | 275 | 43 | 0 | 318 | 363 | 21 | 384 | |||
| Dividends received | 0 | 0 | 56 | 56 | 59 | 59 | ||||
| Bank Interest | 14 | 0 | 0 | 14 | 35 | 35 | ||||
| 289 | 43 | 56 | 388 | 398 | 21 | 59 | 478 | |||
| 5 | OtherIncome | Noother | Income |
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DUNDEE: BALGAY PARISH CHURCH OF SCOTLAND
Notes forming part of the financial statements (cont) For the year ended 31 December 2020
| Unrestricted | Restricted | Endowment | Total | Unrestricted | Restricted | Endowment | Total | ||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | ||||
| 6 | Analysis of Resources Expended | 2020 | 2020 | 2020 | 2020 | 2019 | 2019 | 2019 | 2019 |
| Charitable Activities | |||||||||
| Ministries & Mission Allocation | 38,186 | 0 | 0 | 38,186 | 35063 | 35063 | |||
| Presbytery Dues | 1,007 | 0 | 0 | 1,007 | 1040 | 1040 | |||
| Minister's Travel & Other Expense: | 2,109 | 0 | 0 | 2,109 | 780 | 780 | |||
| Purchase ofComputer (for Ministers use) |
748 | 0 | 0 | 748 | |||||
| Pulpit Supply | 120 | 0 | 0 | 120 | 4120 | 4120 | |||
| Other Salary Costs | 3,406 | 0 | 0 | 3,406 | 7861 | 7861 | |||
| Heating & Lighting | 3,470 | 0 | 0 | 3,470 | 4245 | 4245 | |||
| Insurance | 3,583 | 0 | 0 | 3,583 | 3915 | 3915 | |||
| Manse Council Tax | 2,389 | 0 | 0 | 2,389 | 1858 | 1858 | |||
| Postages, Printing, Stationery etc | 920 | 0 | 0 | 920 | 653 | 653 | |||
| Advertising | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Cleaning Materials & Laundry | 32 | 0 | 0 | 32 | 184 | 184 | |||
| Ministers Removal Costs | 0 | 0 | 0 | 0 | 1572 | 1572 | |||
| Other Costs | 513 | 0 | 0 | 513 | 987 | 987 | |||
| 56,483 | 0 | 0 | 56,483 | 62,278 | 0 | 0 | 62,278 | ||
| Donations to Third Parties | 0 | 0 | 0 | 0 | 789 | 789 | |||
| Fabric Expenc (seenote 14) | 7,225 | 0 | 0 | 7,225 | 14206 | 14206 | |||
| Organisations’ Running Costs | 778 | 0 | 0 | 778 | 3119 | 3119 | |||
| 8,003 | 0 | 0 | 8,003 | 18,114 | 0 | (6) | 18,114 | ||
| Church Flowers | 0 | 391 | 0 | 391 | 0 | 1288 | 1288 | ||
| 64,485 | 391 | 0 | 64,877 | 80,392 | 1,288 | 0 | 81,680 |
Support Costs have not been separately identified as the Trustees consider there is only one charitable activity and support costs relate wholly to that activity
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Notes forming part of the financial statements (cont) For the year ended 31 December 2020
- 7 Staff Costs and Numbers
| Staff CostsCosts and Numbers | |||
|---|---|---|---|
| 2020 | 2019 | ||
| £ | £ | ||
| Salaries | 3,406 | 7,861 | |
| The average number ofemployees during the year, calculated on | the basis | ofa head count, was as follows | |
| Number | Number | ||
| Organist | 0(4 resigned4/10/20) | 1 | |
| Cleaner | 1 | 1 | |
| Noemployeehademployeebenefitsinexcessof£50,000 |
The average number of employees during the year, calculated on the basis of a head count, was as follows
All Church of Scotland congregations contribute to the National Stipend Fund which bears the costs of all ministers’ stipends and employer's contributions for national insuranmce, pension and housing and loan fund. Ministers’ stipends are paid in accordance with the national stipend scale, which is related to years of service. For the year under review the minimum stipend was £28,137 and the maximum stipend (in 5th and subsequent years of service) £34,577
8 Trustee Remuneration and Related Party Transactions During the year, 1 Trustee received reimbursement of expenses incurred, totalling £ 3,292 (2019 1 Trustee - £2635)
No Trustee or a person related to a Trustee had any personal interest in any contract or transaction entered into by the charity during the year.
During the year a total of £16,443 was donated to the congregation by trustees.
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10 Investments 2020 2019
€ £
Market Value at 31 December 2019 1,462 1,399
Unrealised gain/(loss) on investments 25 63
Market Value at 31 December 2020 1,487 1,462
investments at cost 1,279 1,279
Investment held 117 units Church of Scotiand Investors Trust income Fund
11 Debtors
Unrestricted Funds
Tax recoverable on Gift Aid 6,996 8,908
Hall Rent due 0 210
6,996 9,118
i2. Creditors falling due within one year
Unrestricted Funds
Gas / Electricty 918 1,200
Inland Revenue (Staff PAYE) 67 174
Photocopier Costs 354 385
1,339 1,759
1,339 1,759
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Notes forming part of the financial statements (cont) For the year ended 31 December 2020
13 Analysis of Net assets among funds
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General Designated Restricted Endowment Total
£ £ £ £ £
Investments 1,487 1,487
Current Assets 54,696 5,397 8,460 61 68,613
Current Liabilities (1,339) 0 0 (1,339)
53,357 5,397 8,460 1,548 68,761
Current Assets
Debtors 6,996 6,996
Short Term Deposits
C of S Investors Trust Deposit Fund
General Purposes 27,000 0 27,000
Special Purposes 0 0 7,565 7,565
Bank Balances
Royal Bank of Scotland
Business Instant Access Reserve 20,700 (6,477) 61 14,282
Business Current Account 0 0 0 0
Treasurers Account 0 0 0 0
Organisations’ Bank Accounts (Various) 0 11,750 657 12,407
Cash
In Hands of Organisations’ Treasurers 124 238 362
54,696 5,397 8,460 61 68,612
For the year ended 31 December 2019
Analysis of Net assets among funds
General Designated Restricted Endowment Total
£ £ £ £ £
Investments 1,462 1,462
Current Assets 59,407 12,317 8,217 61 79,996
Current Liabilities -1759 0 0 (1,759)
57,648 12,317 8,271 1,523 79,699
Current Assets
Debtors 9,118 9,118
Short Term Deposits
C of S Investors Trust Deposit Fund
General Purposes 40,000 40,000
Special Purposes 0 0 7,522 7,522
Bank Balances
Royal Bank of Scotland
Business Instant Access Reserve 10,289 746 67 11,096
Business Current Account ié) 0 0 0
Treasurers Account 0 0 0 0
Organisations’ Bank Accounts (Various) 0 11,417 442 11,859
Cash
In Hands of Organisations' Treasurers 0 154 246 400
59,407 12,316 8,210 67 79,995
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DUNDEE: BALGAY PARISH CHURCH OF SCOTLAND
Notes forming part of the financial statements (cont)
| 14 | Details | of Fabric Expenditure | 2020 | 2019 | ||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Church and Halls | ||||||
| Heating Repairs & Service | 1,500 | 2,506 | ||||
| Roof Repairs | 1,670 | 3,970 | ||||
| Fire Extinguisher Check | 111 | 109 | ||||
| Sundries | 193 | 609 | ||||
| Stair Lift | 282 | 180 | ||||
| New Cooker | 0 | 1,099 | ||||
| Electrical Repairs | 3047 | 836 | ||||
| PAT Safety Check | 209 | 154 | ||||
| Window Repair | 0 | 1344 | ||||
| 7,012 | 10,807 | |||||
| Manse | ||||||
| PAT Safety Inspection | 185 | |||||
| Kitchen Appliances | 524 | |||||
| Carpet Cleaning | 140 | |||||
| Replacement Windows | 1,860 | |||||
| Alarm Check | 73 | 0 | ||||
| Gas Safety Inspection | 140 | 0 | ||||
| Sundries | 213 | 690 | 3,399 | |||
| 7,225 | 14,206 |
15 Volunteers
!n common with all congregations of the Church of Scotland, the congregation benefits from the contribution made by volunteers who
give their time and talents willingly for the benefit of the Church. The areas of congregational life which rely on the contribution of volunteers are many and varied and much of the activity would be unable to continue were it not for the commitment shown.
14
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Notes forming part of the financial statements (cont)
For the year ended 31 December 2020
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16 Movements in funds
Atl Incoming Outgoing Unrealised At31
January Resources Resources Transfers Investment December
Endowment Funds 2020 Gain/(Loss) 2020
Kilgour & Martin Bequest 1,523 56 0 (56) 25 1,548
Restricted Funds
John Black Trust 446 3 0 0 448
Choir Music Fund 474 3 0 0 477
Flower Fund 689 450 391 147 894
CH4 Hymn Book Fund 1,603 9 0 0 1,612
Rae Family for Kitchen 5,000 29 0 0 5,029
8,211 493 391 147 0 8,460
Unrestricted Designated Funds
Fabric Fund 748 0 7,225 0 (6,477)
Organisations 748i] 0 7,2250 i]0 0 (6,477)0
Guild 0 0 0 0 0
Sunday Schools 62 375 424 0 13
Craft Group 10,369 5 0 0 10,374
Dance Group 936 571 260 0 1,247
Mens Club 129 0 0 0 129
Flower Group 75 84 94 46 111
12,319 1,036 8,003 46 0 5,397
Unrestricted Funds
General Fund 57,648 52,491 56,689 (91) 53,359
69,967 53,526 64,692 (91) 0 58,756
Total Funds 79,700 54,075 65,083 0 25 68,763
PurposesIncome fromof Endowmentthe Kilgour &FundsMartin Bequest is for congregational purposes
Purposes of RestrictedFunds
Flower Fund: This is a fund to provide flowers for the sanctuary
CH4 Hymn Book Fund: This is a fund to provide new hymn books for use of the congregation
Rae Family in memory of Connie to be used for Kitchen improvement
PurposesFabric Fund:of DesignatedThe TrusteesFundshave set aside funds for the maintenance of the Church property
Deficit in Fabric Fund will be adjusted by transfer from General Account during year ended Dec 2021
Organisations Accounts: These accounts are to enable the members of the various organisations to meet
the aims and purposes of the organisations, and to provide services to the members.
forming part of the financial statements (cont) of the financial statements (cont) the financial statements (cont) financial statements (cont) statements (cont) (cont)
the year ended 31 December 2019
16 Movements in funds
Att incoming Outgoing Unrealised At 31
January Resources Resources Transfers investment December
2019 Gain/(Loss) 2019
Endowment Funds
Kilgour& Martin Bequest —1460_ ee ee oe 8 <5 1523
Restncted Funds
John Black Trust 442 3 0 445
Choir Music Fund 470 oo 0 474
Flower Fund 565 1,472 1,288 689
CH4 Hymn Book Fund 1,590 13 0 0 1,603
Rae Family for Kitchen Improvements i] 5,000 o 5,000
3,067 6,432 1,288 0 0 8211
Fabnic Fund 12,611 2,343 14,206 0 748
acumen a A Ss ———— ———_- ——
12611 2343 14206 0 748
Organisations
Guild 456 94 350 (200) 0
Sunday Schools 130 1,157 1,225 0 62
Craft Group 10,052 1,415 1,099 0 10,368
Dance Group 1,359 1,317 1,234 (500) 936
Mens Club 129 0 0 Qo 129
Badminton & Scrabble Club 0 Vv) 0 0 0
Messy Church 0 0 0 0 0
Flower Group eas24,812 Pema6,320 =18,114 2s.(700) a.0 ee.12,317>
Unrestricted Funds
General Fund 56,239 63,168 62,518 759 57,648
S Nelson Bequest Fund 0 0 (4) 0 0
81,050 69,488 —__ 80,632 —— a =F. ~ [69,964]
Total Funds 85 577 75,979 81,920 ’) 63 79,698
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Notes forming part of the financial statements (cont) of the financial statements (cont) the financial statements (cont) financial statements (cont) statements (cont) (cont) For the year ended 31 December 2019
15
DUNDEE: BALGAY PARISH CHURCH OF SCOTLAND
17 Collections for Third Parties
| Collections for ThirdThird Parties | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Christian Aid Week | 0 | 838 |
| Cancer Research | 0 | 0 |
| Total Recall Memory Choir | 0 | 310 |
| Dundee Foodbank | 0 | 280 |
| Help for Heros | 0 | 220 |
| Stroke Assoc | 0 | 0 |
| 0 | 1,648 | |
| APPENDIX | ||
| Funds held on behalf of the congregation by the Church of Scotland General Trustees | ||
| 2020 | 2019 | |
| £ | £ | |
| CAPITALACCOUNT | ||
| Credit Balances held at 31 December, at cost | 11,378 | 11,378 |
| Market Value of Balances at 31 December | 17,863 | 18,319 |
| REVENUE ACCOUNT | ||
| Credit Balance at 31 December | 5,833 | 5,362 |
| Note | ||
| During the years, the revenue account increased by | ||
| Dividends on Capital | 436 | 576 |
| Interest on Revenue Balance | 35 | 38 |
| 471 | 614 | |
| anddecreasedbyRentRevueNegotiationFees | 0 | 0 |
APPENDIX
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||||||||
|---|---|---|---|---|---|---|
|GENERAL|FUND|BUDGET|Budget|Actual|
|INCOME|2021|2020|
|£|£|
|Offerings|
|FWO Scheme|(Non|Covenanted)|6,500|6,708|
|Gift|Aid|Donations|28,000|27,988|
|Tax|on|Gift|Aid|Donations|8,200|7,278|
|Ordinary|Offerings|(Open|Plate)|3,500|3,113|
|Other|Offerings|and|Donations|2,500|4,726|
|48,700|49,813|
|Other|Ordinary|General|Income|
|Contributions|from|Congregational|Organisations|500|0|
|Income|from|
|Special|Events|1,900|0|
|Weddings|and|Funerals|500|625|
|Magazines|(net)|100|-11|
|Deposits|250|284|
|Endowments|(Kilgour &|Martin|Bequest)|56|56|
|Legacy|0|
|Use|of Premises|3,000|1,780|
|6,306|2,733|
|Total|Ordinary General|Income|55,006|52,546|
|EXPENDITURE|
|National|Ministry|and|Mission|& Wider Work|
|Ministries|and|Mission|Allocation|31,308|38,186|
|Presbytery|Dues|1,164|1,007|
|32,472|39,193|
|Local|Staffing|Costs|
|Minister's|Travelling|Expenses|1,000|905|
|Minister's|Telephone|1,000|913|
|Pulpit|Supply|180|120|
|Other|Salaries|2,500|3,406|
|4,680|5,344|
|Buildings|Costs|
|Heating|&|Lighting|4,000|3,470|
|Water|Charges|&|Insurance|3,650|3,583|
|Manse|Council Tax|2,400|2,389|
|10,050|9,441|
|Other|Local|Costs|
|Postages,Printing,|Stationery &|Photocopying|1,000|1,081|
|Advertising|0|0|
|Cleaning|Materials|&|Laundry|400|32|
|Computer|Purchase|for|Ministers|Use|it)|748|
|Other|Expenses|1,200|803|
|2,600|2,664|
|Total Ordinary General|Expenditure|49,802|56,643|
|General|Fund|Surplus/(Deficit)|5,204|(4,097)|
|Fabric|Fund|Income|0|0|
|Fabric|Fund|Expenditure|18,000|7,225|
|Fabric|Fund|Surplus/(Deficit)|(18,000)|(7,225)|
|TOTAL SURPLUS/(DEFICIT)|FOR YEAR|(12,796)|(11,322)|
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17