The Church of Scotland Westray Parish Church RECEIPTS AND PAYMENTS ACCOUNT Year ending 31 December 2023 Congregation No: 452.186 Charlty P40: SC0251)$3 CONTENTS PAGE Trustees, Annual Report Report of the Independent Examiner Reeeipts and Payments Aecount Statement of Balances Notes to the Accounts 10-12 Wcstray Parish Church Cleaton WESTIL4Y Orknev
TRUSTF.F_S' AYNUAL REPORT FOR THE YEAR EYDED 31 DECEMBER 2023 The Trustees present the report and accounts for tbe Westray Parish Church for the year ending 31 December 2023. Reference and Administrative Information Charity Name: Westray Parish Church Charity Registration Number: SC025053 C(In¥iegFalion Reference No.. 452.386 Bankers Royxl Bknk of Seotland, I Victori& StrccL Kii"kw(tll KW15 IDP
TRUSTEES, ANN'UAL REPORT (cont.) FOR THE YEAR ENDED 31 DECEMBER 2023 Structure, Governance and Management Governing Document Tlie congJr¢gyalioi) operates under a unitary constitution in which the Kirk Session is responsible for all inatters of governance. Reerultment and Appointment of Trus1¢ Meinbers of the Kirk Session are the chaTlty trustees. The Kirk Session inembers are thc ¢ld¢rs ot the church and are chosen frorn thosc mcinbcrs of th¢ church who are C0115id¢r¢d lo Iiave the appropriate gifts and skills. The minister, who is a m¢mb¢r of the Kirk Session, is elected by the congregation and inducted by Presbytery. Organisational Structure Tlie Kirk Session meets several times a year, usually in Westray Parish Kirk. Meetings arc intimated through Sunday Services announcements, newsletters, maLiai.in¢s, and local radio. All mcclingJs arc hcld in public; anyone is welcome lo attend. Objectives and Activities Thc Chureh of Scotland is Trinitarian in doctrine, refomed in tradition and Pre.sbyterian in polity. It exists to glorify God and lo work tor tlie advancement of Lhri5l's Kingdom ihrougjhoul thc world. As a national Chui'cli, il acknowledges a distinctive call and duty to bring th¢ ordinaiices of religion to the peoplc in every purish of S¢()Iland through a territorial ministry. It co-op¢rat¢s with other Churches in various ecumenical bodiLs iii Scotland and beyond. Achievements and Performance 2023 saw a continuation of traditional levels of activity in the Church and of coinmuiiity activities in Westr8y. The Church building Temained open at all ttmes during the year for anyone wishing prayer time or a quiet space. The coi)gregalion nonnally meels for public worship on Sundays at I1.30am but also hosts a nuinber of other cvcnts and services which are intirnaled locally. There are a numb¢r of orgNanisalions connected with the con&?regFation includingj a Guild. Sunday School and Youth Group. We seek to serve God in our cornmunity.. worshippin wilnessing and caring logether. Duriiig tlie year the CongFregational Roll reinained fairly constant, with att¢ndan¢¢ at services on a Sunday morning being similar to recent years. We continued to work closely with our Baptist neighbours and held unii¢d services alternating betwecn th¢ t0 Kirk building7S.
The eonb7resiation continue to take seriously our responsibilities towards enviroiimeiital stewardship and were awarded a Gold Eco Congregation award in 2020. Whil81 ¥ratifyin¥ to receive such recogFnition, we take it as a challengie and incentive to maintain and improve current standards. W¢ are a Fairtrade Church and have played an actii'e role in Westray s Fairtrade Island award as well as having input into the wider Orkney Fairtrade Group. The congregialion is proud lo be partnered wilh conbJrebJations in the Thyolo Highlands Presbytery (CCAP) of Malawi. We value this partnership and remain committed to developingy links with our Malawian partners in vaTiOUS ways. We also have strong connections H'iih the Gogo Olive Trust (a Westray based charity helping to empower woinen in Zimbabwe). We are regularly involved in supporting Christian Aid and other appeals includin¥ an appeal for Ukraine and continue to support several loLal causes includingy the RNLI, MS Rcscarch (uid CanL¢r C(Ir¢ charities. Aetivities for Children & Young People The congregation has a busy and active Youth Group involi'ingJ most ot. the islands. secondary agye youngsters and the Church of Scotland Youth Group (COSY) meets periodically durinsF 5ervic¢ limes for the same agJe group. Tlie minister is regularly inN'olvcd with Primary and Secondary School activities as School Chaplain and there is a Sunday School and l or crèche activity at all services, with all-a&Fe services from time to time througjhout the ye(Ir. The LongyrcLJation has a SateLyuardingi Co-ordinator and adhei'es to the Church ot Scotland"s polic), on Protcclion of Young People and Vulnerable Adults.
TRUSTEES, ANNUAL REPORT (cont.) FOR THE YEAR ENDED 31 DECEMBER 2023 Financial Review The principal source of income during the year was donalions under '"gJift aid" which at £9,936 had decreased by 4.8 % on the previous year. Weekly Free Offcrings wcre less than the previous year with a dccr¢as¢ of 27.00/D to £1,671 while open plate offerings increased by 17.1 0/0 on the previous year to £3,631. Inv¢slm¢nt income was up on the previous year with prevailing interest rates edging upwards from tlie lower rates experienced during 2022. The balances held have decreased slightly. however interest rates remained quite low so that interest earned was modest. A reduced level of regyular receipts was realised in the year compared to 2022, and wlien Lombin¢d with an increase in the expenditure on charitable activities, an excess of payments over receipts was Tealised. Open plate offerings were again irnPToved iiih ihe return of rcg7ular Sunday worship. The net position was an overall excess of payments over receipls of £1,206. Reserve5 Policy It is ihe Trustees. policy to hold reserves of approximalely six months expendilure including desigmaied funds. In additlon to covering general administration and running costs, there must be sufficient funds to cover the rcpair and replacement of equipmenl and to maintain the buildinbys (Westray Parish Kirk, Th¢ Manse and Ivy Cottagie) in a sat15factory state. At the year end the Church held cash funds of £105,212.49 of which £67,346.04 had been designated for the fabric fund and £28,461.38 restricted for furtherance of the Gospel. pastoral care and Christian educalioii. The remaintng balance of £9,405.07 represents approximately tour months expenditure on ordinary charitable activili¢s.
TRUSTF.F.S' ANNUAL RF.PORT leont.) FOR THE YEAR ENDED 31 DECEMBER 2023 Statement of Trustees, Responsibilities 7lie Trustees prepare financial slatemenls which giwe sufficient detail io enable an apprccialion of the transactions of the Church durinbF ihe financtal year. The Trustees £ir¢ I'cspoiisiblc foi. kc¢i)iiig i)i'opcr a¥counliiig i'ccoi'ds wliicl), on I'cqucst. iiiusl rcflcct the financial posiiion of Th¢ Church ai ihal lime. This musi be done io ensure ihat the tiiiancial statements comply with the Charities and Trustee Investment (Scollandl Act 200). Ilie Charities Accounts (Scolland) Regulations ?(M)6 and the Regulations Anent ConsJeg7ational Financ¢ approvcd bs, Ihe General AsseiYJbly of the Church of Scotland in 2007. They are also responsible t.or safeguarding Ilie asqelq of Ihe Church and mugt take reasonable steps for the prevention andlor detection of fraud and other irrcgulariti¢s. AppluV by tli¢ Trustees aIid signed on their bellalf, Date . 13
REPORT OF THE I,DEPEYDENT EXAIIIINER TO THE TRUSTEES FOR THE YEAR ENDED 31 DECEI¥IBER 2023 Westray Parish Church SC025053 I report on the accounts of th¢ charity for the y¢ar ertded 31 December 20?3 which are set out on pag)es 8 to I l. Respective responsibilities of trustees and examiner Thc charity's Irustcc8 are regpon8iblc for Ihc prcparation of the aceounls in dLCOI-d(IlIL¢ Wltl) the terIiis of tlie c]rItIcS aiid Trustee liivestment {Scollid) Acl 2005 and th¢ Charities Accounts (Scotland) Regulations 2006. The charity trusleL8 consider that the audit requirement of Regulation l O( l ) (d) of the Accounts Regulations does not apply. It is m), responsibility to examine the accounts as required under section 44(1) (e) of the Act and to state whether particular matters Iv¢ coinc to iny attaition. Basis of independent examiner'5 StatemeJ]I My ¢xamination is carried out in accordance with Regulation I l of the Charities Accounts {Scoiland) R¢giulations 2006. An examination includes a Teview of the accountingi records kept by the charity and a comparison of the accounts presented with thnqe rec()rds. It also includes con.sideration of any unusual items or disclosures in the aLcounls and seeks explaiiations from Ilie trustees Loncerniiib? any such mallers. Thc pro¢dur¢s underti&cn do not providc all thc cvidcncc that w'ould b¢ r¢quir¢d in (111 (iudil, ¢iiid Lons¢qu¢ntlv I do iiol express an audit opiiiion on thc vicw giycii by the accounts. Independent examiner's statement In the cc)ur%e of- IDY examii)ali()n, Ao maller has Come lo my aitenlion- whiLh gyji'es me reasonable caus¢ lo believe that in any material reSet the rcquir¢m¢nt$'. to keep accountillgy records in accordance wilh Section 44(1} (a) of the 2005 Act and RUlatIOn 4 ot the 2006 Accounts Regulalions. and to pr¢par¢ accounts wliich accord with the accounting records and comply with Regul&tinn 9 nf the 2O0fi Accounts Regulatio$ have noi been met, or 2. to which, in my opiniorL attention should be drawn in order to enable n proper undcrstanding of Ihc accounts to bc rcachcd. Datc
We$tray" P¥rish Church Reeeipl$ and Pavments Account Year EJ)ded 31 December 2023 Note Unrestricted Funds Total 2023 LTnrestricted Funds Total 2022 Receipt8 Donaiions LeBacies Fundraisingi Evenis B8nk and Deposii inierest Inv¢stm¢nt Income 21,738.20 16,429.46 510.00 91.76 5,961.93 2,038.00 10.66 3,688.10 R¢nlal of prcmises Sal¢ of Assets Sale of Investments Grants Receipts from Orkney Presbty Other Receipts 85.00 8,857.79 Total R¢ceipt5 28JOI.89 31,115.01 Payments Cosls of gleratI1]g funds Charitable activit5C5 Governance costs Other pa]entS 29,057.80 23,485.70 450.00 2.440.01 Total Payments 29,507.80 25,925.71 ExLess IDefi¢i¢l of Re¢eipis over Paymen(s for (hc ycar {1204.91) 5,189.30
Ivestrai, Parish Chureh Slatemenl of Balances As at 31 December 2023 Note Fund Total 2023 Fund Total 2022 Bank & Cash Balances Unrestricied Balances bTOULht forward Restricted Balances brought fonvard 77,957.02 28A61.38 72,767.72 28,461.38 Movcmcnt in 'xc¢ssl{L)¢ficit) of Receipts over Paynents for the year car.. (1,205.91) 5,189.30 Third Party Collcction held &t prior y¢ar and paid ovor in )'ear. Third Party Collection held at year end. 1115,212.49 106,4111.40 InestmentS Cliurch of Scotland Iiivestors Trust Growth Fund - at cost 250.00 250.00 chui.ch of Scotland Invc3tors Trust Growth Fund - ot valuation 2,915.00 2,700.00 Assets Li2bilitie$ -l-hird Party Collection held at vear end. Unbilled Heal & Light The accounts were approved bv the Kirk Session on 17 March 2024 'or and bcliult- ot. thc Kirk Scssion .1 rcasurcr
Westray Parish Church Notes to the Account$ for The Year Ended 31 December 2023 l. Trustee Remuneration and Related Party Transactions During the year Trustees received reimbursement of expenses incurred or paid on their behalf:. 2023 2022 Travelling Expenses Council Tax Postage Stationery & Advertising Giftg for Members of Con&FrebJation Sunday School 3,027.66 2,066.12 79.72 252.92 168.97 £5,595.39 1.170.83 1,900.04 121.05 190.00 185.76 £3,568.28 No trustee or person related to a trustee had any personal inleresl in any contract or Iransaction entered into by the charity during the year 2. Movements in Funds At 01 Jan 2023 At31 Dec 2023 Receipts Payments Transfers Designated Fabric Fund 66,768.37 827.67 67,596.04 General Fund 7,762.56 27,339.96 29,507.80 5,594.72 Con80lidatcd Loan Fund Stewart Endowment 134.26 3,676.09 3.810.35 28,461.38 28,461.38 106,668.40 ?8,301.89 29.507.80 105.462.49 -1. Desi Daied Funds Fabric Fund.. The Trustees have set aside funds for the maintenance of the Church property Fgbrie Funds held on behalf of the Congregation by the Church of Scotland General Trustees Capital Accounl Credit Balances held at 31 DeLember at cost 2023 2022 11,666.66 11,264.38 Market Value of Balances al 31 December 14.331.66 13.714.38 Revenue Account Credit Balanc¢s held at 31 D¢¢¢mber 56,283.27 51,179.52 10
Westrav Parish Church Notes to the Accounts for The Year Ended 31 December 2023 Analysis of Donations Unrestricted Fund5 Total 2023 Unrestricted Funds Total 2022 WFO Scheine (non Gift Aid) Gift Aid Donations Tax R¢coi'ered on Gift Aid Donations Ordin(iry Offerings (Open Plate) Other Offerings, Donations dc ,671.00 9,936.00 5,931.41 3,630.80 568.99 21,738.20 2,289.00 10,435.00 395.50 3,101.78 208.18 16.429.46 5 Anal)'sis of Payments 2023 2022 Charitable Aetivities Minislry & Mission Presbytery Dues Minister's Travelling Expenses Other Staffing Costs Fabric Rcpairs & Maintenance H¢ating & Lighting Council Tax, Rates, Insurance Church T¢l¢phone & Postagc5 Printings Stationary, Photocopying Outrcach - Life & Work Equipment Ecumenical Expenses Mi5ccllan¢ous Expenses Sunday School & Youth Group 16,599.00 485.00 3,027.66 14.357.00 485.00 1,170.83 1,601.66 4,220.96 584.03 228.20 378.00 565.88 lJ94.21 3,858.95 242.94 450.91 504.00 944.19 423.22 796.83 225.03 29,057.80 23,485.70 Other payments Special Appeals Inter Kirk Fund 2,097.50 342.51 2,440.01 450.00 450.00
We5trAy Parish Church Jyotes to the AccouDts for The Year Ended 31 December 2023 6. Analysis of Nel Assels Between Funds Designated Fabric Fund Siewart Endowmwnt Generdl Total Fixed Assets Investn]¢nts 500 units in COS Growth Fund Current Assets Current Liabilities 250.00 67,346.04 250.00 105,212.49 9,405.07 28,461.38 Net Assets at 31 December 2023 9,405.07 67,596.04 28,461.38 105,462.49 The Stewart Endowment is restricted io use for furtherance of the Gospel. paslordl care, Christian education and missionary outreach within the parish of Westrdy. 7. Ministers Stipend All Church of Scotland congFregFalions contribute to the National Stipend Fund which bears the costs of all minisiers, stipends and employer's contributions for national insurdnce, pension and housing. and loan fund. Ministcrs, stipends are paid In accordance wilh the national stipcnd scale, which is ielated to years of seTh'iee. For ihe year under review the minimum stipend wag £30,135 and the maximum stipend {in the fifth and subsequeni years) £37.032. 8. Collections for Third Parties 2023 2022 Ukraine Malawi Chrisiian Aid Orkney Food Bank Inter Kirk Fund 1,582.00 240.00 1.822.(Kl 12