Congregatlonal Nurnbef: 3118TI kottlsh Chartty Numbef: SC018173 ST MARY'S CHURCH OF SCOTLAND, ABEROEEN FINANCIAL ACCOUNTS (Receipts and Payments) FOR THE YEAR ENDED 310ECEMBER 2024 REFERENCE AMD ADMIMISTPATION DETAIIS CHAR￿ NAME St Mary's Church ol Scotland, Aberdeen CHARITY NUMBER SC018173 CHARITY ADDRES5 CONGREGAIION REF NO: 311877 ThUSTEES TRUSTEE NAME OFFICE Ilf held) DATE HELD Ilf notfor whole year) or¢G*JIISATION firk Session Kirk Session rk Session Kirk Session Kirk se￿On Kirk Session firk Session Kirk Sesyon Kirk Session Kirk Sesyon Kirk Session Klrk Sewon Kirk Se￿On Kirk5ewon Kirk Session Kirk Sessson Kirk 5ewon Kirk Session Kirk Session Kirk Session Kirk Session Kirk session Klrk Session Kirk Session Until September 2024 Interim Moderator Co-session Clerk Until Juty 2024 io li 12 Until December 2024 13 14 15 16 17 18 19 20 21 22 23 24 Session Clerk From Ju 2024 25 26 27 28 29 30 31 32 Kirk Session rirl Ses*n Sesslon lirk Sesslon Kifv Seswn Kiftr Sess*)n Kifk 5•ssYJn Vlryin Morny Bart 62 Unlon Street, Aberdeen. ABIO IWD Iloyal Bank of Scotland. 78 Unlon Streei At*rdeen, ABIO IHH sTrucruRE GOVERNANCE AND MANAGEMENT GOVERNIPIG IXXUMENT The Church wa5 admln15tered In accordance wlth the terms of the Deed of constit￿lOn. In September 2010 5t Marfs Church of Scotland moved over to the Deed of Constitution Iunrtary Forml. RECRUITMENT AND APPOINTMENT OF TRUSTEES Member5 of the Kirk Session, who meet as the Unltary constit￿10￿, are the charity trustees. The Klrk Sesslon member5 are the elders of the church and are chosen from those member5 of the church who are considered to have the appropriate gifts and skills. The minister, who is a member of the Klrk Session, is elected by the congre8ation and inducted by Presbytery. ORGANISATIONAL sTrucfuRE The Unitary Constitution, which meets at least five times in a year, is responsible for all spirTtual and business affalrs within the Church. OBJEcnvES AND AcnvmES Probably because we do not have 3 minister, and therefore no natural "leader.. the numbers attending worship have continued to be low, although they have not decreased compared to last year. However, it must be admitted that the number of church activities has decreased, probably due to the lack of a 'leadef Re8ular Session meetings have continued, as well as Sunday seNces led by a rota of guest preachers who are now weel kent, and who deserve our grateful thanks. ACHIEVEME14TS AND PERFORMAIICE Our fund-ralslng for varlou5 local and natlonal chafltles has been s118htty less successful than last year, totalllng £1,377. Thls Included the followln8.' Chrlstlan Akl £398, Poppy Scotland £187, Archway £147, Noonan Syndrome Assoclatlon £118, 5131 Flat £86 and Seaton Prlmary School £441. In 2024. some of our regular groups contlnued, wlth afflllated youth org3nlsatlon5 and social artlvlty groups meetlng In our halls. The work whlch had started In 2023 on the alsle5 In our sanduary was Cofrtlnued, but the work had become a temporary repalr because of other happenlngs durlft8 the year- water ingress in various parts of the church bulldln8s after weeks of bad weather. Subsequentty, a full suThey of the thurth bulldlng was undertaken to ascertain the full extent of nece55ary repairs. FINANCIAL REVIEW 2024 has been yet another problem year financially. Our regular attendance numbers are still at about half of what they were before the pandemic and they V￿uld seem to be Stuck at that level, which has affected our level of Income. Of course, it doe5 not help that we do not have a minister who would be the natural 'leader'. As a result of these factors, 2024 ran a defictt of £13,893, although it should be noted that half of this fi8ure was spent on architectural 5up4ey5 at variou5 points in the year. AFthough we still have a number of le55ees usin8 our halls, unfortunatelytwo of the main lessee5 stopped using St Mary's which affected our Income. The manse has been for sale now for some conslderable tlme, but it 15 provin8 to be difficult to sell. probably due to damp in the property. The final architectural survey in 2024 made it very clear that a very considerable amount of money would be required to Sort out the water ingress problems and to bring the building UP to the modern standard requlred for the future. The congregation does not have this sort of money and nelther does the Church of Scotland, so it would seem that Aberdeen St Mary's has a very difficult decision to make. RESERVE5 POUCrf The Trustees have no specffic reserves pollcy at thls tlme but endeavour to ensufe that, when requlred, excess expendlture Is met from addltlonal dlrect 8fvIn￿ from the membwshlp in tandem *lth spedal fijndralslng events. The Church also held £813 of Restrlrted Funds whlch have been provtded for the purpose5 specified In Note 7 to the Accounts. STATEMENT OF TRusfEES' RESPON51BILmE5 The members of the Kirk Session must prepare financlal statements which 8i¥e sufficient detsil to enable an appreciation of the transactions of the Church during the financial year. The members of the Kirk Session are responsible for keepin8 proper accountin8 record5 whlch, on request. must reflect the fffiantial positlon of the thurth at that time. This must be done to ensure that the financial ststements compty wilh the Charities and Tnjstee Investment (Scotlandl Art 2005, the Charlties Accounts Iscotlandl Regulatlons 21X]6 and the Regulations Anent Congregational Finance approved by the General Assemb￿ of the Churth of Scotland in 2(K17. They are 0150 responsible for safe8uardin8 the assets of the Church and must tske reasonable steps forthe preventlon andlor detectlon of fraud and other irregularltles. Approved by the Trustees and slp*d •Jn thelr behalf Date: J4 q-125. INDEPENDENT ABERDEE TOTh I report on the accounts of the charlty for the year ended 31 Oecember 2024 wthkh are set on pages seven to twelve. Rel￿dIVe resp(mslbllttlu of truslett Ind eurnln•r The ¢harftVs trustees are responslble for the preparatlon of the actourrts In accordance wlth the tern15 of the Charllles and Trustee Investment1Scotlandl Ad 2￿5 and the Charitle5 Accourrts (Scotland) Regulatlon$ 21XY6. The charlty trustees con51def that the audit requlrement of Regulatlon 10 (11 {dl of the Accounts Re8ulatlon5 doe5 not apply. It15 my responsibility to examine the accounts as requlred under sectlon 44 {11 Icl of the Act and to state whether Particular matters have come to my attentlon. Basls of Independenl •x4mlnerfs statement My examlnatlon Is carrled out In accordance wlth Re8ulatlon 11 of the Charities Attounts (Scotlandl Regulations 2LKA. AD examlnatlon includes a revlew of the accountin8 records kept bv the ch¥ity and a comparfson of the accounts presented wlth those records. It a150 indudes consideratlon of any unusual items or dlsclosures In the accounts, and seeks explan*ions from the trustees concernlng any sud) matters. The procedu￿$ undertaken do not provide all the evldence that would be required In an audit, and consequently I do not express an audit opinion on the vie 'ven by the accounts. Indewdent examlnerfs statement In the course of my examlnatlon. no matter ha5 come to my attentlon whlch 8ives me reasonable cause to believe that in any materlal respertthe requlrements: > to keep accountlng records in accordance wfth Sertion 44 (11 (a) of the 2CM)5 Act and Regulatlon 4 of the Account5 Regulations, and > to prepare accounts whlch accord with the accounti118 records and comply with Regulation 9 of the 2006 Accounts Re8ulations have not been met. or 2. to whlch, In my oplnion, attentlon should be drawn In order to enabSe a proper understanding of the accounts to be reached. nAND A8ERDE RECEIPTS AND PAYMENTSACCIAINT FOR THE YEAR ENDED al DECEMBER 2024 Unr•rtrlrt•d R•stfkt•d Fundi Fundi 2024 Total Fundi Tol•l Fvnds Nots RECEIPT5 DonatW8 Legac￿$ ActsMI￿S for Generating Fund8 Interesv Divfvlends Investrnent Incon7e £49,393 £0 £0 £0 £1,377 £0 £0 £50,770 £0 £0 £0 t74,830 £1.361 £507 £0 £1 J77 £60,844 £32,221 £77,741 Other RL)celpts Rental of Premi Sale of Investments Granl from General Trustees Other Receipts TOTAL RE￿Ip1S £4,830 £0 £0 £0 £0 £4.830 £0 £0 £0 £7.593 £0 £0 £0 £85,334 Éo £1 PAYMENTS Cost of Generating Funds charitab￿ Activities Govemance Costs TOTAL PAYMEMrs 141 -£68.562 360 £0 -£1,881 £0 141 -ffl).443 360 141 96,984 330 97A55 69.063 70,944 SurpluslDefl¢itforthe year 13,389 504 13,893 12,121 STAIEMENT OF BALANCES AS AT 11 DE￿mbER 2024 2024 Not• NKANO CASH IN HAND Balance Add SurplusPDefi¢lt for the year 37.550 49,871 23,857 37,550 Lrt• money kn￿ted at C ol S a051￿ Balance RESERVES Re8tri¢tod Funds Un￿StrICted Fund8 813 1.198 NOTES: Investrnenh al Valuation H8N Lets Owing 53,517 49,848 49.fA6 Uabllhle&' A¢¢ruel$ £0 These Financial Attounts were a roved the Kirk Session on 2714-1 kJF I ACCOUNnNG pouaES These Accounts ire prepired on i R•celpts ond Piymqnts IC•shl b•sls, Herltible propertles conslstln8 of the Church, H•lls ond M8nse1456 Klng Street, Abefdeenl are not recorded In the Atcounts. The tltle deeds ore held by the Chufth of kotland General Tfllstees. 2 ANALYSIS OF DONATION5 Unr•Jtrfct•d A￿tr￿l•d Fundi Fundi 2024 Tol•l Totsl ATh•1￿$ of Donatlom WFO Scheme (Non A￿) Glft Ald Donatlon8 Tax Rec¢v•red on Glft Ah C4)natloni Oiher Offering8, Donatlon8. •tc Ordinary Offorfng8 (Open Plate) £9,￿0 £24,209 £0 £9,080 £0 £24,209 £9,083 f25,6L £8,948 £2,851 £0 £8,948 £1,377 £4,228 £0 £4 325 £1377 E60 770 £8,483 £27,350 Actlrftles forGeneratlN Funds W*Jdlng Fund Fund Raising £0 £0 £0 £0 £0 £0 £0 £190 £1,381 3 ANALYSIS OF PAYMENTS Unrestrfrtd Restrkt•d Funds Funds Total Totsl C05t of Generatlni Funds Offering Envebpes -£141 £0 -£141 4141 4141 4141 4141 Governance Costs Independent Examlnatlon 4360 4360 4330 MARfS CHURCH TO TME ACCO TLA140 ABE DEE FOR THE YEAR E DEO 3 ANALYSIS OF PAYMENT5 (Contl Charltsble Acllvltles Mh)istrieJ end Mlss preSb￿ery Dues IAinlsterf8 Expen8e8 Treasurer DutyB Cleaning Pulpll Supply Othèr Stafflng C08ts Fabric Repair and Malntsnan Council Tax Heat and Light In8uran¢8 Garther Church Te￿phOne Postsges, Printing wtd SXatvJnery Charittes ot￿r Expenses .£21,197 1,454 £0 1,178 -£352 -£3,COO -£9,660 -£9,775 44,845 .£9.308 -£2.991 -£1,620 -£498 £0 -£21.197 £0 41,454 £0 £0 EO 41,178 EO 52 £0 43,(h)O £0 -£9,880 £0 49,775 £0 -£4,845 £0 -£9,308 £0 42,991 Éo 1,820 -£498 -£25.091 41,170 41,3 £0 2,120 -£9,321 -£35.883 3,731 -£2.874 1,920 £0 I.IEA) £0 1,1 -£1,761 -£1.761 1,525 -E120 1,645 468,562 41,881 470,443 1,411 -£1,016 3,554 96,984 4 TRUSTEE REMUNERATION AND RELATED PARTY TRANucfioN5 The Trustees, with the exception of reimbursement expenses during the year. wa5 paid £4,820 per annum as churth or8èni5t. did not receive any remuneration or Durln8 the year, the Tnjstees paid, in total, donations to St Marfs of £11550 5 MINISTE*S sfipEND As St Marfs dldn't have a mlnlster In 2024 there Is no information for this section. 10 MARr PID R THE DE R ENDED E ACCOUIITS BER2 6 INVESTP￿AT MARKET VAWE Market V¥1￿ as It l Jinu•ry 2024 IncTEase In Value durfni ye•r M•tht V•lue •s •t 31 December 2024 £40,110 É3,785 E43I95 The hlstorfcal cost of thls In￿stMent Is £3,495 In Marketvilue a5 at l Januory 2014 Ifwse In Value during year Market Valve a5 at 31 December 2024 É9,535 £87 £9,622 £53517 TOTALINVESTMEiirs 7 MOVEMENT IN FUNDS IN>rnlw R•souft•s OLOI.24 R•wurns Us•d Transfern 3L1224 Desunated Fabrt Fund - Church D￿￿nated Fal￿ Fur*d- Manse General Fund TOTAL OF UNRESTRicfED FUNDS £0 £1.436 -£9,775 £8.339 £0 £0 £0 £0 £36352 £54238 459288 48458 É22844 £55 674 489 063 119 Restrlcted Fufftds Senwcthns Fhmr Fund evolent Furtd Youth Outreach Charthes TOTAL OF RESTrICTED FUND5 £515 £0 £298 £0 £0 £0 £0 £0 £119 £0 £0 £0 £119 £515 £0 £298 -£119 £0 £0 £813 1,881 TOTAL OF ALL FUNDS E37,$50 £57,OS1 470,944 £0 £23,657 11 MARfs QI RQI OF SCOTiAND ABERDEEN ENDEDJ BER Purpogtt of D•skn•ted Funds F•brfc Fund- Church 8uSldlngs', The Trustees h•ve set •slde fvndi for the m•lntenance ol the churth property. The Trustees have set •slde lundj lor the m•lrtenance of the manse property. Fabric F￿￿ - Mnnse: Purpose of ftertrkted Fundi Senlor Cltlzens Outreach: Thls lund exlsts to provlde outlw and soclal events for older members. ThSs fund exlsts to provlde flowers for dlsth dur1￿ servkes of worshlp. Thls fund exlsts to provlde, at the Mlnlsterfs dtscretlon, assistance to deserylng cases. This fund exlsts to provlde ass15tance In developing Youth outreach in the Parlsh. Flower Fund: Benevolent Fund: Youth Outreach Fund: COLLEclloNS FOR THIRD PARTIES Christian Aid Poppys¢otland (Earl Haig Fund) Inspire Charfie Hou Orchard Brae £398 £187 £729 £155 £ll)9 £￿3 srAR Flat £86 £147 Archway NOONAN Seaton Primary School TOTALS £118 £441 £1377 MOVEMENTS IN FUNDS- CHURCH ORGANISATIONS At l January 2024 At 31 December Recelpts payn￿ 2024 Good Companions £1,072 £1,044 £LO% £980 12