West Cowal (Church of Scotland)
RECEIPTS AND PAYMENTS ACCOUNTS Congregation No: 201293 Charity No: SC021449
Year ending 31st December 2024
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Reference and Administrative Information
Charity Name: West Cowal (Church of Scotland) Charity Registration Number: SC021449 Congregation Reference No: 201293
Contact Address:
West Cowal Church West Cowal Manse Kames, Tighnabruaich PA21 2AD
Trustees
Principal Office-bearers Minister: Session Clerk: Church Treasurer:
Independent Examiner
Bankers Royal Bank of Scotland John Street Dunoon PA23 8BL
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Trustees’ Annual Report, Year ended 31 December 2024
Structure, Governance and Management
Governing Document
The Church is administered in accordance with the terms of the Deed of Constitution (Unitary Form).
Recruitment and Appointment of Trustees
Members of the Kirk Session are the charity trustees. The Kirk Session members are the elders of the church and are chosen from those members of the church who are considered to have the appropriate gifts, skills and commitment to contribute to the management of the affairs of the church. The minister, who is a member of the Kirk Session, is elected by the congregation and inducted by Presbytery.
Organisational Structure
The Kirk Session is chaired by the minister and meets two or more times in a year receiving an up to date financial report on each occasion. The Kirk Session is also responsible for spiritual affairs within the church.
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 of Scotland through a territorial ministry. It co-operates with other Churches in various ecumenical bodies in Scotland and beyond. The congregation of West Cowal meets together for various activities including, services of worship, bible study, social events and community activities.
Achievements and Performance
This is the second year of the new congregation of West Cowal, which was created from a Union of the three former congregations of Kilfinan, Kilmodan & Colintraive, and Kyles. A new congregational number was created and the charity number of the former Kilmodan and Colintraive Church was retained. The main achievements were the integration of the mission, finances and buildings into the new congregation.
Financial Review
The principal sources of income are from congregational offerings. The ordinary offerings were maintained despite the move to the new congregation. Investment income reflected the volatility in the markets during the year. The minister’s travelling expenses are met by the Augusta Lamont Bequest.
Reserves Policy
It is the Trustees’ policy to hold reserves of approximately two months expenditure including designated funds. At the year end the Church held cash funds of £46,773 of which £10,000 is being held for special initiatives. The remaining balance represents about 6 months ordinary expenditure.
Statement of Tru5tees' Responsibilities, Year ended 31 December 2024 Tlir i))eiiibers of Ilic Kirk £cssion must prc[#e financial statements w'hich give sulyicient detail to enable an appreciaiion of ihe transaciions ul ChurLh duriiig tli¢ financial y¢ar. The mcmbcrs of Ihe KÉrk Session ar¢ responsible lor keeping prop¢r accouniing records which. on requesi, tnusl nLI the financial pxisition of the Church ai thai lime. This musi be done to ensure thai the financlal gtatements eornply 7th the c.harities and Tru5lee Iniestrnenl Iscotland) Act 200), the Charities Accounts (Scoildnd) Regiulations ?O(h and the Regulations Anent Congregational Finance approved by thc Cjcncral .435cmbl)' of thc Church OÉ. Scoiland in ?007. They are also responsible for safeguarding the dssets of Churih aDd musi tske reasonable stcps for the prevention and/or detection of fraud and other i)Tegulariiies. Approved bv the I rustees and sigrKd on their behalf.
Report of the Independent Examiner Respective Responsibilities of ihe Kirk Session and Independent Earniner The Kirk Session considers thal an independcnl examination is n¢ed¢d under scclion 44 (1) (c) of the charitics and Truslee Ini'c5tment (Scotland) Act :005. It is m). responsibilit!, to examine the accOltS under section 44 (1) Ic) of the act and io stste whether particular matters have come to my attention. Basis of Independent Examiner5 Statement .4n ¢Aamination inLludes a reTrie. ot-.he accounlino records kept b!, the charity and a comp8rison of the a¢counts presented b). those records. li also includes eonsideration of an!, unusual items or disclo.sures in the aLLOLLnis and seekingi explanations from the iru5tees concerning anv such matters. The procedures undertaken do not proi.ide all the ei'idence ihat M'ould be required in an audit. and cons¢quentl)" I do not express an audit opinion of th¢ accounts. Independent ExamRners Statement In the Course ot"m}'" exatnin&iion of ihe stalemeni of Ihe accounts for Ihe year ended - I st D¢c¢mber ?024 no matier came to m} atiention and to the best of m), knoM:ledge and ability Ihe tinancial statements comply NNith th¢ Chazities and Trustee Investment (scotla1) Act ?005 ajxl ihe Charities Accounts IS¢odandl Regyulations 2006. Thc cxatnin(Ilion of lh¢ accounts Ilud¢d a check using thc Church of Scotland Chceklisi for Exarnination of Congregaiional Accounts: ReceipL% and Paymenls Ve10. Diiring the vear the TD.i<iees do noi anpear to have used reSer¢S to pay t.or ordinary expenditure.
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West Cowal (Church of Scotland) Receipts and Payments Account Year ended 31 December 2024
| Receipts Note Donations 3, 7 Legacies Bank interest Investment income Rental of premises LMS Refund (Pulpit Supply) Refund of Shared Ministry Costs Grants Receipts from General Trustees Other Receipts Transfer of General Trustees Funds Charity Shop Total Receipts Payments 4,5,6 Charitable activities Total Payments Transfers Excess of Receipts over Payments for the year Excess of Receipts over Payments for the year before transfers |
Unrestricted Funds 2024 £ 34,610.53 6,100.00 596.44 8,821.34 |
Restricted Funds 2024 £ 978.50 - - - |
Endowment Funds 2024 £ - - - - |
Total Total 2024 2023 £ £ 35,589.03 43,333.61 6,100.00 - 596.44 89.30 8,821.34 - 51,106.81 43,422.91 264.00 215.00 - - 4,955.38 - - - 4,400.00 4,565.13 - 4,076.84 - 14,587.02 7,132.00 8,698.80 67,858.19 75,565.70 65,777.16 82,059.29 65,777.16 82,059.29 2,081.03 (6,493.59) - - 2,081.03 (6,493.59) |
|---|---|---|---|---|
| 50,128.31 264.00 - 4,955.38 - 4,400.00 |
978.50 - - - - - - 7,132.00 |
- - - - - - - - - |
||
| 59,747.69 | 8,110.50 | - | ||
| 61,510.53 | 4,266.63 | |||
| 61,510.53 | 4,266.63 | - | ||
| (1,762.84) - |
3,843.87 - |
- - |
||
| (1,762.84) | 3,843.87 | - |
West Cowal Church of Scotland statement of Balances At 31 December 2024 UnreStrtt Restricted Endowment Funds Funds Funds 2024 2024 2024 Total 2024 Note Bank & De osit Balanees Bank & deposit balarres brought foThw8rd 28,701.88 15.990.86 44.692.74 Movement In year: Exces5 of R4]$ Lwer PaynrtS 11.782.84) 3.843.87 2.081.03 Bank & deposit belarces carrEd forward 26.939.04 19,834.73 0.00 46.773.77 Investments at market value ppendix 249.003.12 Liabilities Cosl of Pair r¥Jt yet blled The aGGounls were approved by the Kirk Session and Financial Bcord cn For and on Jeia f of t*e Kirk and Finxncial Board
West Cowal Church of Scotland Stat@m@nt of 8alanco5 Notès to the Account$ Tru$t¢e Remun•ralloTh and Rlated Party Traftsartion tmstets receNed 7)J1$Mel oFexT¢WS the year a mnber ot the e lea- ¢harly year. Paovements In Fund$ A11Jan 2024 Al 31 Dae 2024 Deslgnatrd and Re$trcted Funds Desyna". Fabric Fund Dsna.@d No 1 Ateount par West ¢t)W Jlxp LuneTh cjb lneral Funu Totsi fvnds 2.9]2.17 10.cm crj 12.117.78 3.873.r 16_IS9.71 2.S02 17 10.000.CbJ 18.623.55 1.851.S8 13.7.47 1826 TJI 978.50 (3,W).(l 59.747.69 162.750 931 87.858.19 $5.777.16 44.692.74 46.773.77 oses of Fd5 Fabrr FJnd'. Tre Trtee5 have Sel asth ftmds )T ts FffWrty maierwKe Ng 1 Special FuTrJ. Tre I1e5 habt set asvje for baleS eqt Wesi Ccwal Sknp. Thg Trustee% distthe not pffeods of shDP as donati lo Churh Charits of West Cthva Isèe Note 7 lnCh Cbb.. Fur•Yed by re5trrted grants arKJ donalwffj from of the se1. Funds 2024 Funds 2024 luNtt5 2Q4 Tot* 2024 2023 Analysls of Donatlon8 WFO Scheme Inon Glt GIF t Aid DorAts)n$ rax Rects¥ed Grft Akl OrdThry OfFews (Open Plalel 23.478. 23.478.th) 25.288.00 6.67£t.OD 7.829.05 3.539.68 43.333.61 7.791.03 3.341.5D 7.791.03 4.320 00 978.50 978.50 34.610.53 35.589.03
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West Cowal (Church of Scotland) Statement of Balances Notes to the Accounts
| 4. Analysis of Payments Charitable activities Ministries & Mission allocation Presbytery dues Minister’s expenses Pulpit supply Other staffing costs Maintenance Council Tax Heat and light and WiFi Insurance Other building costs (Fabric) Domestic costs Printing, stationery and postage Other expenses Local Ministry Support (Supply) Charity Shop Third party collections Kilmodan Church Refurbishment Lunch Club |
Unrestricted Funds 2024 19,627.00 641.00 11,426.69 6,527.52 990.00 6,293.22 946.64 6,274.89 4,584.68 - 3,269.25 299.80 629.84 - - - - - |
Restricted Funds 2024 - - - - - - - - - - - - - - 626.23 640.40 - 3,000.00 |
Endowment Funds 2024 - - - - - - - - - - - - - - - - - - |
Total Total 2024 2023 19,627.00 29,084.00 641.00 1,045.00 11,426.69 1,246.30 6,527.52 477.20 990.00 3,325.00 6,293.22 1,223.09 946.64 2,488.23 6,274.89 5,160.37 4,584.68 4,025.03 - 819.00 3,269.25 892.69 299.80 519.34 629.84 5,001.34 - 675.40 626.23 5,199.33 640.40 3,270.00 - 14,587.02 3,000.00 3,020.95 65,777.16 82,059.29 |
|---|---|---|---|---|
| 61,510.53 | 4,266.63 | - |
5. Minister’s Stipend
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 insurance, pension and housing and loan fund. Ministers' stipends are paid in accordance with the national stipend scale and linked to years of service: Minimum Stipend £28,137; Maximum Stipend in 5th and subsequent years £34577.
6.
| Collections for Third Parties Cowal Hospice Trust World Day of Prayer Malawi Poppy Scotland Ministers Retirement expenses |
2024 2023 £ £ - 370.00 202.00 100.00 200.00 - 238.40 - - 2,800.00 640.40 3,270.00 |
|---|---|
The net income from the shop will be split 80% to the congregation and 20% to the Society of Friends of Kilfinan Parish Church.
7 West Cowal
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West Cowal (Church of Scotland) Statement of Balances Notes to the Accounts
APPENDIX
FUNDS HELD ON BEHALF OF THE CONGREGATION
BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES
| 50 Consolidated Fabric Fund Revenue 56 Consolidated Fabric Funs Capital II 85 Temporary Funds Growth Fund General Purposes Market Value Growth Fund Fabric Fund Market Value Income Fund General Purposes Market Value Total Investments at Market Value |
2024 £ 21,683.38 186,106.77 (6,706.49) 9,927.28 19,267.60 18,724.58 0.00 |
|---|---|
| 249,003.12 |