## **West Cowal (Church of Scotland)** ## **RECEIPTS AND PAYMENTS ACCOUNTS Congregation No: 201293 Charity No: SC021449** **Year ending 31st December 2024** 1 ## **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 2 ## **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 ￿n￿LI 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 E￿arniner 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 accOl￿tS 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 (scotla￿1) Act ?005 ajxl ihe Charities Accounts IS¢odandl Regyulations 2006. Thc cxatnin(Ilion of lh¢ accounts I￿lud¢d a check using thc Church of Scotland Chceklisi for Exarnination of Congregaiional Accounts: ReceipL% and Paymenls Ve￿10￿. Diiring the vear the TD.i**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 R￿4]$ Lwer Payn￿rtS 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$t¢e Remun•ralloTh and R*lated Party Traftsartion tmstets receNed ￿￿7)￿J1$*Me￿l oFexT*¢WS the year a m*nber ot the e lea- ¢harly year. Paovements In Fund$ A11Jan 2024 Al 31 Dae 2024 Deslgnatrd and Re$trcted Funds Desyna".￿ Fabric Fund D￿s￿na.@d No 1 Ateount par￿ West ¢t)W￿ Jlxp LuneTh c￿jb l*neral 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 $5.777.16 44.692.74 46.773.77 oses of F￿d5 Fabrr FJnd'. Tre Tr￿tee5 have Sel asth ftmds *)T ts FffWrty mai*erwKe Ng 1 Special FuTrJ. Tre I￿￿1￿e5 habt set asvje for ￿bal￿eS ￿ eq￿￿t Wesi Ccwal Sknp. Thg Trustee% distthe not pff*eods of shDP as donati￿ lo Churh Charit*s of West Cthva Isèe Note 7 l￿nCh Cbb.. Fur•Yed by re5trrted grants arKJ donalwffj from of the se1￿. Funds 2024 Funds 2024 luNtt5 2Q4 Tot* 2024 2023 Analysls of Donatlon8 WFO Scheme Inon Glt GIF t Aid DorAts)n$ rax Rects¥e￿d ￿ 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 8 ## **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** 9 ## **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|