Kirkmiehael, Tinwald & Torthorwald Chllreh of Scotland Congregation*l Accounts For the Year Ended 31s¢ December 2024 Church of Sland RefereJK¢ 080468 Scothsh CharityNumbcr SC03Q715
Klrkml¢h•el. Tlnwld & Torlhorwald Chureh of S¢otlnd RcftrtFICE Adminis¢r4¢ivt Jnformgtlon CharityN4me.' Kirkmsch8el. TinwJld& Torthmvdd Church of Scoi18nd Cbarfty Registraiion Ntsmber.. SC03078J Congyegation ReferenceNo.' 80468 CoTtst Adthss: Parks View TiDwald Dutllfries, DGI 3PL Prln¢ip*l 0¢Ttr1 Intcrim Modcr&tOT." Locwll Mirsist¢r'. S¢ssiiJn Clerk.. Church TTea5ureT: Indtptndttit Examimer Barnkers vir81ftmorY 84-86 High Str1 Dumfri¢5 DGI 2BJ Pagc I
Kirkwitba¢l, TlnwAld & Torthornld Chwr¢h of S¢oilnd TruJte¢s' ADnttl Report Year Ended JI Dectojber 2024 Struefiire, Gov¢rnD¢e gnd M4n4g¢menl Gov¢rlllog Document Th¢ Chur¢h is admfftistered in accordance with the leTmS of the Dxd of ConstitutiOD, lth ch&n8ed unitsry fortn on 31st Marth 2018 RecrltMent and AppDlntmiut uf Tru5te¢s M¢Tniws of Kitk S¢ssion are lh¢ ctwity trustees. The Kirk Se55ion membcrs th¢ ¢ld¢rs of the church and ar¢ chos¢n from those nMberS of the chureh who are consi&red have the appropriate gifts ond skills. The minister. who 15 a wKmber of the Kirk Sessio]L is elected by the w)8r¢g2tion and inductrd by Prcsbytery. MernEas of thtt CongT¢gation and PT¢ViOUS Bo4rd M¢mr5 w¢ invit¢d to and encourwd ts) attcnd sc55iOn e¢t8& Ory#Misational StThctur¢ The Kirk Session is chaired by the Moderathr. The Kirk Seson five main meetings with additional tr%etin8S when r¢quiT¢d. The following CoTtunites hay¢ b¢¢n estsblish¢d- Fil¢¢ Committe¢- Fabric Committee- Social Ev¢nts Tcam- Ncwslctt¢r Comnuttec The Kirk Session, with Additional Short m¢ttingi as r¢quirtd. is re4x)nsible for th¢ wiritual affrS Of the Church. S¢ssion IK¢tt chwml by Intrrkm Moderator Rev. Mhairi Wallac4 who is ajso our urn Minist¢r. Obje¢tiv¢s Artivi¢i& Th¢ Church of Scotland is Trinitsrian in th)ctrine. Refornied in tradition and PSbtriart p)lity. It exists ( glorify God and w Work for the advancemcni of Christs Kingdom throughout ihe world. As a national Chur¢h. it acknowledge5 a di51indiv¢ and duty to bring ordiryan¢¢s of r¢ligion lo ihe wple of cvcry parish of Scodand Ihrou8h a territoria] ministy. Itcowratrs with other churches in vaTiOU5 CCUllKni¢ai bodies S¢odand and y0ftd. The Parish of Kirkmichacl. Tinwd & TonhoTwald ChuTch of Scotland (KTT ChTJrchl covers 8n area in the nonhern ou15kffts of Dumfrie5 and rural cornmunitics well to the c&st and Mrthcasi of the town. EA¢h of arcas of Kirktni¢ha¢l. Tinwald & TorthoJwald us¢d 8 p8tish in thew ri8ht but came tO8ethcr in utLLOD in 1999. Church J lies th¥ M2lliStrT rinciple of territOri81 ministyto the united parish through the work of ow Locum who has taken ov¢r 8$ our minisier sin¢¢ May 2016. also took over a5 OUT Inl¢Tim fvJodcrator in August 2020 Wc 4r¢ fortynate to hav &8 our Locum MiJJisteT, wkn a]so presidc5 OVCT wedding4 baptisms and funerals in 011 thrcc thurchcs Wc wauld likc to thank h¢r for hcr hard work and dtditauon to KTf and beyond. Pa8e 2
Tru$ttts' Annual RtPDf¢ {¢oNLI Year tndtd 31 Dec¢rnb¢r 2024 CHIEVEMENTS AliD PE ANCE The formal memir$hip of the church comprises those on the mlin roll togeiJKI with thosc on the suppicmentary Toll. At the $18rt of th< y¢arth¢r¢ w¢re 288 communicant tn¢mbETS on th¢ main roll and 45 ott the suppl¢m¢nlary Toll. in addition th¢r¢ w¢y¢ a numb¢r ofindividuals involv¢d in the lif¢ of the church.but were not communi¢aHt m¢mbcrs. During th¢ yeaT 12 communicant members pa55ed away. I member was admi(ted by ¢ertifi¢at¢ and 43 w¢re removed from th¢ Toll. Changes mcani thai it the ¢nd of the ycar th¢T¢ were 234 communciant members #Dd 45 5uppl¢mcntary roll Mem[5. We ld our th1 Communion Servites in FelKuary, Jun¢ and November along with a Bnmch irt F¢bruary. Wc rerncmbered fallen at Re]n¢mbrancc Scrvicc at Tinwald Church on Ihe l(hhofNovetnb¢r. We held our Annu81 C8Tols Chri5knas service on Surtday 15th DetemiT. We held our ChEistsn&¥ Ev¢ $¢rvic¢ UJ TÉnwaJd Church. KTT Guild ¢o]Jtinu¢d 4 varicd Guild programme wth fellowthip b¢tw¢¢n th¢ m¢mbrTS. W¢ held a H8TY¢St BrUh tn Tinwald Pllrish Hall on 6th 0¢tOT. A D8fftyJil t¢a was had in Tinwajd Church on Sunday 14th April. On 30th November we ettjoyed a Scots Night in TInTr1d Parish Hall. Th¢ Chw¢h mwntain5 a website www.kttchurch.OTg.uk on which further dethils of Church Servi peopl¢ aod aGtivit¢s can be foun¢L FINANCIAL OVERVIEW During the year to 31si DetembEr 2024. our principal source of income tontittues 10 it that of wyekly offerings and standin8 ordets. RESERVES P LI All reserves are held by th¢ g¢neTal Iru5tees of t1 Chuich of SLoil4Dd. At th¢ year end there were unrestsiaed fth)d8 tn th¢ g¢]]BT41 5¢rve of £33.3110 And a resiricted Fabric atLd Capital Funds of £1.283. Page 3
Truste¢¥' Anny•l Report leoMLI Ytlr end¢d 31 Der¢mb¢r 2024 St¢¢ment of Trusteea, RuponiibililitJ ChaTty J&w rtqUiTes the Trustees to pwart fm&ntial at&temeuts for th fittBnciAI armIll¢ Show tn]¢ w]d fair view of the state of èffaiTS of the Charity and ils fmaneiai activities forthat perio In pTep18 those fin187 si&tements. the tnjstees Ate wuired to.. I Seleet sui¢abl¢ a¢¢oun¢Jn8 poli¢ks then apply them ¢ortslsnily, 2 Mak¢ judg¢ma)ts wnd ¢s¢imat¢5 ¢T¢ p$OnbI¢ and PTDd¢Jrt'. 3 State l)¢t1 ipplitable ac¢Duntmg $tandard$ and stat¢m¢ttts of rtcomrnenthd practice have bee follow¢l Subje10 any deportu$ dts¢losed aod pIld IJJ the fin•n¢i41 styTrm¢nts' gnd 4 prep the fsnancioi st#*meni$ on the 80inB concern b¥is unless it is inaprrtopri4te toFYesume that the charity will continu¢ ID oFwotioD41 ¢w5t¢nc¢. Approved by Ihe TrJste¢s And stgned on Ihtir behalf 20 Date Page 4
Klrkmlehitl, Tinwald & ToTthorwAtd Cbureh of SeotIgDO Chirity SC030785 Ind¢ptndeffjt Examintr's Rtport to tht Trnsctes of Kirkmich•¢l, Tiniv•ld & TorlhotTrvald Chvrth of Scotlattd I rewrt on the accnts of the dwity foT th¢ ¢nded 31 DeCeMr 21124 that are sti out on pa8¢$2toJl R¢spettiYt R¢ipoD5ibiliti¢s of Trtte5 aDd Ex4mlner Tr charity's slee5 are responsible for Ihe pJtpaTation of the accounts in tt¢4ord•rt¢ thB tcnns of the Chartiies al Tnjstee Inveskneni IS¢otlsnd) Ath 2005 4nd th¢ ChaTilios Aunts {S¢otl8nd) Re818170ns 20D6. The ch'ty tru5tee5 fortsidcr Ihllt the audit rc4UiTemcnt ofRc8ulation Iollllal to Ic) of the Arwunt3 R¢gulatio5 d(rs not apply. It 15 my J¢spJnsibility io examine Ihc accounts TCqUiTcd und¢T s¢dion 44{IG)of th¢ Act And to stat¢ wkthcr particul4T mottcrs hav¢ wme my attention. Baskn ofIndeptndent Eximintr'i St•temtnt My examinaiion i8 ¢8rried oui in Xcordance with Regylation I l orth¢ Chaiities AUl1 (Scoil)nd) R¢8ul4tion$ 2006. AnttdmiDation ild¢S & revi¢w of tk acwunting records kept bythc dJBrity and 4 compBTiSKTrn of th¢ ¢015 pKsrnd with th05e rOrds. It A150 includes nsid¢rBtioJJ of gDy unu5ugJ itcm50f discloswc5 in the account$ and sccks cxplanation5 fTom the Tn]stees concerning Bny such matter8. Tht wttedutes un&rt£ken do not ptovide all the evideft¢e Miuld r¢quired ao audit wns¢qu¢ntlyp l not express an dit opinion (xx the view giyen by IhB accouDtS. Indtpendtnt ExAmlntr's Statemtmt In Ihe course of rnyexstlliTr8tiDll. no matter has tome 10 my attention l.whi¢h gives m¢ rea8onabl¢ ¢aus¢ to b¢lieve ihai in any Material respect tl r¢quiT¢mcnt'. To kcrp 3wvnliDg rdS in &GGOTdanc¢ with Section 44IIXal or 2005 Ad and R¢gylation 4 of th¢ 2006 AG¢ount5 R¢gulations. and To PTepETe ttccowits which Ac¢ord Mryth th¢ o¢wunting r¢coTd5 comply with Re8lllation 9 of the 20[ Ac¢ounts Regulatii>ns ha not MCL OT 2.10 whi¢14 in my opinion. Attcntioll Should be dramryj in orthr to enable a pmrEr und¢rstaTKliDg of thr aGcount5 to b¢ Thched. Pg8¢ 5
Kirkmichael, Tinwald & Tortborwxld Chur¢h of Scotllld Receipts Ind Payments Account Year end¢d 31 Dttember 2024 Urtrestrieted Unrestrirted Chur¢h Other Funds Funds 2024 2024 Note Totsl 2024 Toigl 2023 Rtsources Ineoming Resources from Cenerated Funds Voluntsry Income A¢tiviiies for Generating Funds Invc5tr¥Knt In¢fjme ChArit#ble Activitie$ Other Incoming Re50UTces 32.843 2.423 32.643 2,423 52.061 2,522 2,322 165 Resourc 37,788 37.788 53.446 Rsour¢e$ Ex ende Costs of Generating Fund5 Charitabl¢ A¢(iviiics Gov¢rn8nt¢ Costs 187 37.926 ,320 187 37.926 .320 150 34.404 l.2É Total Resources ET[ 39,433 39.433 35.814 Net Jheomlngloutgoing befor¢Tr4D$f¢r$ -1.645 -1.645 17.632 Transfers b¢¢w¢¢th Fytsdj Net Movement in Fund5 .645 -1,645 17,632 Total Fypds Brought ForwArd 34.945 1.283 36,228 18.596 Total Funds Cgr Forwsrd 33.300 1.283 36.228 Page 6
Kirkmichael. TlnwAld & Torthorwald Chirch of Scotllnd BglAnct Sh¢¢t At 31 D¢cThber 2024 ty)tt 2024 2023 Curr¢nt Assets D¢bts)rs Bank and C 34.583 34.583 36,228 Creditors Fallin8 du¢ withinon¢ yrar 34,583 36.228 36228 UDr¢J¢Tic¢¢d Funds Grn¢ra] Fund5 tksignated Funds 32.500 80 34.145 800 33,300 34.945 Restrlcttd Funds Endown)¢nt Funds io 1,283 1283 Tot1 Fund$ 34.583 Th¢ AoUnts were approved by the Kirk Ses$ion Do Page 7
Kirkmich#¢l. TinTv4ld & Tor¢horwald Church of Scotland Accounting Policit8 Th¢ principal acwunting policies. which have be¢tt applied consiM¢ndy in the curr¢nt snd preceding year in (k8]ing with ioms which ar¢ ¢orLsid¢r¢d maTiaJ lo the a¢counw set out bclow. The charity ha5 adopted the requireinents of the Statcmentof Recommended Practicc.. Accounting and Rwrting by Ch4riti¢s (issued February 2(XJ5) Bists of Pr¢p¥ratlo The accounts have PTepar¢d itl accordance with applicable accounting stsndard5 and under the histOTi¢al Cost ¢onvenlion. moiifjed to reflect the inclusion of investments at market value and in accordance with the Charitics and Tru5trc InvestttLeTht {Scotlandl Ac(2005. The Chariiics Accounts (Scotlandl Rc8ulation5 2006. the Re8ulation5 ancnt Congregationaj financc approved by th¢ Gener Asxmbly of ¢h¢ Church of S¢otlaod in 2007 and lh¢ Sram¢ntof Recommcndcd Practice.. Accouniin8 and Reporting by Charities120051. Fynd$ Fund5 classified &% ¢ither Testyictcd funds or UDTestri¢t¢d fund& defined as follows. Rcstrictcd fuajds are fvnds subject to specific rcquirements a5 to their use which may bc d¢¢laT¢d by th¢ dortor or with their authorty or created thrnugh Icgal prOCeS. but Still within the wder objects of the charity. Endowm¢ni fijnds are fvnts whith hav¢ b¢¢n 8iv¢n on the condition that the original capitsj sum is ntstr¢duCt but the there from is used for th¢ p$¢ d¢fJn¢d in a¢wrdanc¢ with th¢ obj¢cts of the charity. Unfestrictrd funds are expcndabk ai the discretion of the tnJstee5 in furtherance of thc objccts of thc ¢hoTity. If p8r15 of th¢ unTe5trith¢d funds ¢armÈrk¢d at th¢ dis¢r*ion of th¢ trustees foT a particular purrM)sc. thcy are desIated a5 a separate rund. This designation has an adrDini$trfiv¢ purpose only and does not restri¢1 the discretion io applythe fund. Ih¢omlng Resourtes All donations and gifts ar¢ in¢lvd¢d withti) incomin8 r¢sour¢¢s urtd¢r either unrestricted orrestricted funds according to the turns under which the donation is made and when the amouni catl b¢ quantificd with TeAsonabl¢ certainty. Donatiolls and 8ifts in knnd ore brou8hl into thc accounts attheir market value to the charty. Resource5 Exp¢Dd¢d Exttnditure is r¢cognis¢d on aTL aecru8Js basis as the liability is in¢un¢d. Tanglblt Flxtd A$8tts The thyrity has the ri8hi to occupy and usc for ils chariLible objects ccrtatn tangibl¢ fjxed assets, including the ChuTth, halls aThd man5c, ve5t¢d in the Chur¢h of Swtlthd GenrrÈl Trus$. No ¢on$ideration is payable for the usc of these &%5ets. Expenditure incurr¢d on the TcpaiT and of thes¢ assets is ¢h8rg¢d as resources in the ststsment of financial activities in the period in which the liability aTi5es. No Tangibl¢ Fix¢d Ass¢ts are held Inv¢stmtnts Fixed ass¢t inv¢stsn¢nts art stated at Tnatket valu¢ at th¢ b41oD¢¢ sh¢ei dite. Uorealis¢d gains and losses represent the difference between thc market value at the beginnkng 2nd end of the financial year or. if pUrch¢d in the yeiT. the diff¢Ttn¢¢ b¢twe¢n ¢0 And Trwk¢t value at the cnd of tk y¢ar. Rea]i3ed gains and losse$ represent the difference between the proceeds on dispostt] and the marketvalu¢ a¢ ¢he siart of the y¢aror ¢osi if pur¢has¢d u) th¢ year. No Investments are hcld T4xitio Kirkmi¢hr£l. Tinwald & Torthorwald Church of Scotland 15 recOiSed charity for th¢ purp)ses of appIlb]e wxaiion l¢gislation and is therefore noi subject to r8xatiDn on eharti8ble activities. The charity is not registtTed for VA T and resources experlded therefore include inrcovernbl¢ llipui VAT. Pag¢ 8
Kirkmichgel Tinwald & Torthorw•ld Church of Scotland f4otes Formlng Prt of the Fingncial Statements Y¢•r ended 31 Decemb¢r 2024 Unr¢stricd UTj$trlCted Church Other Funds Funds 2024 2024 To¢1 2024 Tfjtal 2023 l. Voluntsry Ineomt WFO Scheme (non Gift Aid) Gift Aid Donation5 Tax R¢wvcred on Gift Aid Ordinary OfferitLg5 {open Platrl Othcr Offerings. Donations etc Currie Bequest 1,930 15,114 9.470 1.930 15.114 9,476 1,136 5,187 3.206 13,694 9,803 1.126 4.230 20.LXJO 5,187 32.843 52,061 2. Activltits for Cen¢ratlni Fllnds Other 2.423 2,423 1,221 2.423 3. InvestmeRht Itt¢om¢ Bank 8TLd D¢pDSit Int¢r¢5t 4, In¢omlng R¢50urees from Charstable A¢tivitie5 Life & Work Wedding & Funeral Fees Ttansferred from OtheT Sour¢¢ Magazine Advcrtistmcnts EndowttKnt Income Jnsur8ni% Clami PTo¢e¢ds 126 loo 126 150 2296 2.296 2.522 2,522 165 41. Other Income Resourees Tot1 Itttomin ur 37.788 37,788 53,446 Pa8e 9
Kirkmichael. Tinwald & TorthorwHld Church of Scotland Notes Forming Pirt of the Financial Ststemtnts Y¢ir ¢Dded 31 D¢e4mb¢r 2024 Unr¢stri¢t¢d Unr¢strictrd Churth Oth¢r Fund5 Funds 2024 2024 Tot41 2024 Toi•l 2013 S. An•lysi5 ofResourcu ExpeThded Cost of Generitiag Funds Offerin8 Envelopes 187 187 187 187 150 150 Charitable Adivitie5 Give w Grow Presby*ry dues Minisl¢r's ExF¢nS Lncum Pulpit Supply L&ptop Organist Donations Mod¢TUtorfs Atlernoon Tea Maintenanc¢ PA Sy5tcrn Music Licence Heat & Light Insuran¢¢ Printing, Ststionery & Advertisu Other Expcnsts Life & Work 4.571 741 3,812 9,053 807 548 2,590 460 4.571 741 3.812 9.055 807 548 2.590 460 741 3,726 7.836 541 2.550 150 20 8.882 658 248 3,016 4,900 662 204 270 4,672 4.672 259 4.426 5.107 358 195 126 259 4,426 5,107 558 193 126 37.926 37.926 34.404 Govtrngnce Costs Indep¢rtd¢nt Ex8mirt¢e$ F¢¢ 1.320 1.320 1.320 .320 .260 260 Total Resowrtts Expended 39,433 39,433 35.8J4 Support Costs have not en separn¢¢ly identified as th¢ tru$t¢es wtssiderthere ts ottly one charitable activty. Therefore 5UPPOrt costs relate wholly to that activity and h2ve not beer. seplratrly so¢ntird. Page 10
Kirkmithael, TinwAld & Torthorwald ChwT¢h of Scotland Notes Forming Part ol the Fln•D¢i81 St4ternents Year ended 31 Dtt¢mber 2024 6. MlnS$t¢r'$ Stipend All Church of Sc4)tlartd congregations contribute to thc National Stipvnd Fund which bears the costs of all ministers, ipends and e#Jploy¢rs Contributions for national insuTane¢. pension and housing and loan fund. Ministers, stiptnds are paid in aOrdance with the llatior stipend sc8le, which is reiat¢d to years of SCTvice. Forthe year und¢r review the mioimum Stipend was £3 1,642 and the mlMuM stip¢nd lin the fjfth and 5ubsequeni ye&rs of xJvi¢¢l £38.884 7. Trnst¢e R¢myn¢ution and Related Party TTans8ttions During the yettr no trustecs rectivcd any remuncmion and tKTr trustc¢s received reimbursemet)t of expenses {2023 nil) Minrstetr5 expenses and travel munted to £3,81212023 £3.726) and Manse eouncil t8x was £nil (2023 £nill 819 No Tanglble Flxed Asstts or Invtstments ore h¢ld Pag¢ll
Kirkmicha¢l, Tinwatd & TorthorwAld Chureh of S¢otl•nd Note5 Forming Part of the FinAlltl&l Stittments Ye#r ¢nded 31 December 2024 AilJ#n 2024 Incomin¢ Outgoing Tram$fers Re50ur¢es Resourtts At31 De¢ 2024 10. Movem¢xi$ im Fund5 Endowment Funds Res¢ri¢ted Funds Garden Fund Tinwald Cor Pork Fund 50 .233 1.283 30 1.283 UllTestrirteJ Funds G¢n¢Tai Fund 34,145 37.788 39,433 32.51)0 Designated Guim 800 800 Total FundB 34.583 atcd Fund5 Krr Guild i5 thc United Guild for Kirkmicha¢l, Tirtwald & Torthmvald Churnh. The G8rd¢n Fund is to b¢ used for developing and rnaint&irLing the rnanse garden. The Tinwald car park fund is to bc US fordeveloping and maintaining the car park atTinwald. 11 Collections for Third Parties 2024 2Q23 Generaj Haig Fund Veterans Garden World Day of Prayer 150 2(K) J(K) 460 130 P8g¢ 12
Kirkmichae Tlnwald & Torth d Church of S tlgnd Appendix FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES 2024 2023 Credit Balances held at 31st D¢¢ember 2024 at cost 12,964 12.964 Market Value of balat)ces at 3 1st Decernber 2024 18,975 18.078 Revenue A£colln rle Credit Balanrx at 31si Dec¢tnb¢r 2024 31.882 29,785 Revenue Aetount Gener81 Credit Balance at 31st December 2024 18,285 17.377 Pgton M l Fund 683 649 Rev. F.1. MatDonald 277 263 Growtb Fund J8¢kson Mortllleatlon Trust 909 909 Market Value 1.901 1,737 Paage 13
Klrkrni¢hA¢l TinwAld & Torthorwgld Chreh of Scotland Appendix 2 FUNDS HELD OIY BEHALF OF THE CONGREGATION BI. THE TRVSTEES OF Krr Trnst Funds 2024 2023 rrie Be uest Fun Income on Investmcnts Profit (LLsss) on Realisation of Investments 16,256 165 501 181.757 15 J85 24,732 Net Capital Addilion&lDisp05als 181,757 24,732 Expenditure Transfer to Church Account Management Fees 20,000 4,897 5.225 5,225 24,897 176,532 -164 BanCe at 1st January 2024 390,285 390,449 Ba]allce at 3 Isi DecembeT 2024 566,817 390.285 Inv stmen Listed Investments QUle Bequest 543.958 377.246 At Market Value 544,752 517,038 Dep051ts Standard Lifr Wealth 22,859 13,D39 566,817 390,285 The Investments under the Currie Bequest Funds are in trust for the Krr Church with only th¢ Income betn8 available for transfer to Kfr. The Trnstees of the Currie Bequest Fund are the Kirk Session of KTT.