Kirkmichael, Tinwald & Torthorwold Church of Scotland Congregational Accounts For the Year Ended 31st December 2025 Church of Scotland Rcfcrcnce 080468 Scottrsh Charity NumbcT SC030785 Kirkmlcbael. Tlnwald & Torthorw*ld Chur¢h of Stotland Reference and AdMknI$￿tIve InforniAtio Charity Name.. Ktrkmichael. Tinwald & Torthorwald Church of Scotland Charity Re8lStration Numbcr.. SC030785 Congregation R¢ferert¢e No: 080468 Contact Address: PaTk5 View Tinwold Dumfries. DGI 3PL Trustees Yvonn¢ B¢ckly May Copeland Judith J8rdine Sandy Mitchell Frank Wilson Ne85ie Carson David Findlay Andrca Houston Hetbert K¢nncdy Flora Little Sheena Mitchell Elatne Morgan Jean Wilson Margaret Conway John Conway William Houston Barbara Hyslop Loma Mccronc Audrey Matshall Caitlin Robinson Irene We15h Principal Offi¢tsbe#rer5 Int¢r¢m ModcTator.' Locum Minist¢r'. Session Cl¢rk'. Church Trea5urer.' Rev Mhairi Wallace Rev Mhairi Wallat¢ Mrs Andrea Hguston Mrs FIoTence Little lttd¢pendent ExAmlh¢r Gtrald Michael McGill CA FaTrie5, Kirk and Mcvean Dumfries Enterprise Park Heathhall. Dutnfri¢s DGI 3S B4nker5 Virgin Mon¢y 84-86 High Street Dumfries DGI 2BJ Pa8e I Kirkmlthael. Tinwald & Torthorw21d Church of Scotland Tru5t¢es' Annual Report Y¢ar Ended 31 DtceTDbeT 2025 Strutture, Goverinet and Managernent Governing Dotvment The Church is administered in accordanrx with the temis of the Decd of Constitution, which changed to A unitary forniat on 31s¢Mar¢h 2018 Re¢rnltment Ind Appointment of Thistees Members of KiTk Session are the charity trustees. The Kirk Session rn¢mb¢rs are the elders of the church and chosen from those members of the Church who are Considered tts have the appropriat¢ gift5 and skill& The minister, who is a mernber of the Ksrk Session, 15 elecied by the ¢oti8regaiion and induct￿ by Presbytery. Members of th¢ Congr¢gation and Previous Board members are invited to and encourdged to attend session m¢etln85. Ory*nlsAtlonAI Stru¢tur¢ The Kirk Swion is chaired by the Moderator. Th¢ Kirk S¢ssion h¢ld th¢iT main mcetrngs with additional meetings when required. The following Committ¢¢5 have been established- Finance CO￿]ttee. Fabri¢ Committe¢- Social Events Te&rn- Magazine Committee The Kirk Session, with additional short meetings, as required. is r¢spon5ible for the spiriwai affairs of the Church. Session meetings have be¢n Chaired by Intenm Moderator Rev. Mhairi Wall2ce. wh0 15 ￿80 QUT Locurn Minister. Objectlves and Aetfvltles The Church of Scotland is Trinitarian in doctrine, Reformed in tradition and Pr¢5b￿crian in polity. It exists to glorify God and to work for the advanccrncnt of Christ's Kingdom throughout the WOTld. A5 a national Church. it a¢krtowledges a distinctive call and duty to bring ordinances of religion to the peoplc of every parish of S¢otland through a te￿itOrIal mini5ty. It C￿>perateS wtth oth¢r ehur¢hes in vorious ecumenical bodies in S¢otl8nd and beyond. The Parish of Kirkmichael, Tinwald & Torthorwa]d Church of Scotland IKTh Church) covers an area in the northern outskirts of Dumfrics and rural communities w¢ll io the eas¢ and northeast of the town. Each of these aTe8s of Kirkmichael. Ttnwald & Tonhotwatd used to be a PaTi5h in their own right but come together in union in 1999. KTT Church applies the principle of territorial ministy io the united parish through the work of ourLocum Minister Rev. Mhairi Wallace. who h&5 taken over u our minister since May 2016. Mhairi also tIM)k over as our Interim Moderaior in August 2020 We are very fortunate to have Rev. Mhairi Walla¢e &$ our Locum Minister, who also presides over wedding& baptisms and fi]nerals in all three churche5. Wc would like to thank her for her hard work and dedication to Krr and beyond. Page 2 Trustees. Ahrtual Report Icoit.) Year ended 31 DtCEmber 2025 ACHIEVEMENT AND PERFORMANCE The fornial membership of the church comprises ihose on the main Toll togcther with thos¢ on the supplementary roll. At the stsn of the year th¢r¢ W¢Te 234 wrntnunicant member8 on the main roll and 44 on the 5uppl¢mentary ￿11. in addition ther¢ were a nurnber of individuals Énvolved in the life of the church,but were not communicant members. DuriDg thc yrar 8 communicant member8 P&8sed awayy chang¢5 meAnt that at the end of th¢ yeAr th¢re W¢T¢ 226 comrtJunGi8nt members and 44 5upplemcntary roll members. We held our three Communion Services in February, June and Noyembcr along with a Bnjnch in Kirkrnichael Hall in Junc. We Temembered the fajlen at our Remembrance Servt¢e at Timvald Church on thc 9th of November. We held a Songs ofpraise on 2nd February in Tinwald Church We crlcbrated thc World Day of Prayer on 9th March We held a Daffodil Tea on 13th April in Kirkmichacl Hall W¢ had a Communion Bnmch in Kitkmich&el Hail on 29th June We ¢¢l¢brated Horvcst with &Bn]nch in Kirkrnicha¢l Hall on 5th O¢tober Our finat celebration for th¢ y¢ar was CaTols for Chri5tm&s on 7th Drf¢mber in Torthorwdd Hall The Church M￿ntainS a w¢bsite www.kttohurcKor&uk on which furth¢r detsils of Church 5ervice$. people 8nd activitC5 can be found. AN IAL VERV During the year to 3 IBt December2025. our prirt¢lpoJ source of income continues to be thatof weekly offerin8s and Standing orders. VES POLICY All reserve5 are held by the g¢n¢ral tru5t¢¢5 of thc Church of Scotland. At the year cnd there were unrestrict¢d funds in the general reserv¢ of £33.300 and 8 rcstrictcd Fabric and Capits] Funds of £1,283. Page 3 Trustees, Annual Report Itont.) Year ended 31 December 2025 ststtment of Trustr¢sT R¢5ponsibTlities Charity law requires th¢ TTU5t¢e5 to prepare financial staiernents for each finarttia] year whirh show a m]e and fair view of the $tAte of affairs of th¢ ¢hdrTty and its financial activities for that p¢riod. In Preparing those fLn2ncia] statements. the trnst¢es are required to.. I Select suitable at￿)unting polici¢s and th¢n apply them ¢onsistently* 2 Make jud8cments estimates tha¢ ar¢ reasonable and prudent: 3 Statc wh¢th¢r applicable accounting stsndaTds and statemet)ts of reeommertded PT&tiGr hav¢ be¢n followed, subject to any departures disclosed and explained in the financial statements,. and 4 PrepeTe the fiTwi¢iai statements ott the going concern b8sis uDl¢$s it is inappropriate to presume that the charity will continue in operntional ¢xis¢en¢e. Approved by the Tru$t¢es and $i￿¢d on their khalf S¢s5ion Clcrk Date Page 4 Kirkrnich4tl, Tinwlld & Torthonvild chU￿b of Scotlin Charity No. SC030785 lrtdtptDdent Examiner's Report to the Trustees ofKirkmiehael, TlnwAld & Torthorwold Chwych of Scotland I teport on thc &cGounts of the charity for the year ended JI Decemb¢t 2025 are set out on pagc82to 11 Ruptelfvt R¢5ponsibilitie8 of Trusttts and Ei4mineT The charity's twstee5 are responsible for the preparntion of the accounts in aetordanGr with thc terms of th¢ Charities and Ttusiee Investsn¢nt (Swiland) Aci 20D5 and th¢ Ch8TitiCs Accounts {Scoiland) Rcgulalions 2006. Thc charity tnjslees consid¢r thai the audit rcquirement of Regulation 10(Illa) to Ic) of th¢ Accounts Regulation5 docs not apply. It is my r¢sponsibi12ty to exainine the accounts as TeqUITed uThJcr section 44(l¢l of the Act and to state whether particular rnattcrs have come my ait¢niion. Ba515 of Independ¢ttt Examiner's Skntement My examination is carried oui in a¢¢ordan¢e with Regulation I l of th¢ Charitles A¢￿Unts (Scotlandl Regulation5 2006. An ¢xamination include8 a review of the accounting Te¢ord$ kept by the charity and a ¢ompari8ion of the accounts PTesent¢d with those records. It 21s0 includ¢5 consideration of any unusual items of di5closur¢s in the accounts and secks expldnations from the Tru5tces concetning any such matter5. The procedure$ uod¢rtak¢n do not provide all th¢ evidence that would be requI￿d in an audit and, ¢onsequ¢nt]y* I do not exwess an audit opinion on th¢ view given by the accounts. Independent ExAmlM*r'$ Ststement In the course of my ¢x8mination. no maller has com¢ to my attention l.which 8IV¢5 Jne reasonable cause to beli¢v¢ that in any material resprctihe Tequircmcnt: To keep acwunting records in aecordan¢¢ with Section 44IIKa) of the 2005 Act and Regulation 4 of the 2006 Awounts Regulation$, To prepare accounts which accord with th¢ accounting recor(ts and comply with Rrgulation 9 of the 2006 Account5 Regulations have not been m¢L or 2.to which. in my opinion, attcntion should be drawn in order to enable È proper undeT5tandin8 of th¢ a¢¢ount5 to bc reached. Gerald M. MCGIII, B.A. C.A Charter¢d Accountant Farries, Kirk & M¢Vean Dumfries Enterprise Park Heathhall Dumfries DGI 3SJ Page 5 Kirlunlthg¢1, Tlnwald & Torthorwild Church ofs¢otlrtnd Recelpts and Payments Aecount Yur ended 31 De¢tmber 2025 Unrestricted Uorestri¢tcd Church Other Funds Funds 2025 2025 Note Total 2025 TDtAI 2024 Resource5 Intomlng Resourtes from G¢￿trIte￿ Fund5 Voluntary Inwme Activities for Gener8ting Funds Investment Income ChArlt8bl¢ Attivitlej Other Incoming Resources 48,310 48.310 32.843 2,423 390 390 2,522 4a l Jntornln urte5 Ex endtd Costs of Generating Funds Charitable Activities Goveman¢e Costs 187 61,JlO 1,440 187 61,310 1,440 187 37.926 1,320 TotAI R re# Ex ended 62.937 62.937 Net Incomingloutgolng before TrAnsfe -14,237 -14,237 -1.645 TrAllS(ers betwteD Funds Net Movement In Fund5 -14.237 -14237 .1,645 Totsl Funds Brought Forward 33 JOO 1,283 34,583 36,228 Total Funds led Forward 19.063 Page 6 KirkmiehA¢l, Tinwald & Torthorwald Chureh of S¢otl4Nd Balance Sh¢ct At 31 December 2025 note 21125 2024 Cunent Assets Debtors Bank and Cash 20.346 20J46 34,583 34,583 Cr¢d5tor5 Falling due within one year 20J46 34,583 Net A$sets 34,583 Unrestrlcted Funds General Funds Desrgnated Funds 18,263 81M) 32,500 800 19,063 33.300 Restrleted Funds Endoivment FuTrds 10 1,283 1.283 Totsl Fund$ 34.583 The Accounts were approved by ihe Kirk S£55ion for and on behalf of the Kirk Session Iq Session Clerk Church Tre&surer Date Pa8e 7 KlrkmlchaeL Tlnwald & Torthorw41d Chureh of ScotlAnd Aeeountlng PoIlcles The principal accounting policies. whÉch have been applied ¢onsi5tent]y in th¢ ¢UTreni and preccding year irt d¢aling with items whi¢h are considered material to the accounts. are set Qui below. The charity has adopted the requirements of the Ststement of Recommended Praetie¢= A¢counting and Reporting by Charities {i55ued Febrnary 2005) Basls of Preparation The accounts have been prqwed in accordance with opplicablc aceountin8 S(￿dayds and under the htstrjri￿I ¢ost ￿nVention. motifi¢d to Teflect the inclusion of invcstments at market valu¢ and in accordance with th¢ Charitits and Trustee 1nv¢stsneni IS¢olland) Act 2005. The Charities Accounts (Scotlandl Regulaiions 2006, the Regulations anent Congregational Finonce approved by the Genera] Assembly of the Church of Scotland in 2007 and the Statement olRecommended Practice.. Accounting and Reporting by Charities {2005). Funds Fund5 are cla5sifJ¢d as either restricted funds or unrestrtcted funds. defined &8 follows. ResiM¢ied funds are funds subl￿t ¢0 spe¢ifi¢ requirements &s to their use which MAY be declared by the donor or with their authority or ¢reo¢ed through lega] process¢s bu¢ siill within the wider obj¢¢is of the charity. Endowment funds are funds which have been given on th¢ condition that the original c&pital sum is not reduced, bui the incom¢ there from is used for the purpose defined in accord￿)Ce with the obj¢¢ts of the GhaTity. Unrestricted fijnds are expendable at the discretion of the trustee5 in furtherdnce of the objects of the chsrity. JfpaTLs of the unTe5tTiCted funds are eamiark¢d Ht Ihc discretion of the trustees for a particul￿ purpose, th¢y are designated a5 8 separate fund. This designation h&5 an administrative purpose only and does noi restrict the trustee5' dis¢r¢tion to apply the fund. Incomlng Resourees All donations and gifts are included within iD¢oming re50urce5 under either unrestri￿ed or restricted fijnds a¢¢ordinE to the ternis under which the donation 15 made and when the amount can be quaDtified with reasonable certainty- Donations and gift5 In kind are brought into the accounts at their maTket value to the GhaTIty. Rtsouttes Expended Expenditure is recognised on an ￿￿ru41S basis as the liability is incurred. Tanglble Flxtd Assets The charity has the right to o¢¢upy and use for its chariiable object5 certain tangible fixed assets, including the Church. halls and manse. vc5ted in the Church ofsGotland General Trustees. No ¢onsideration is payable for the use of these &ssets. Expenditurc incU￿¢d on ihe repair and maintenance of these 2ss¢ts is Charged as re$ouK¢s in the statement of finan¢ial activities in ihe period in which the liability OTISCS. No Tangible Fix¢d Assets are held Investments Fixed asset investments are stated at market value at ihe balance Sheet dat¢. Unrealised gains and losses represent the diff¢r¢n¢e between the market value at the beginning and end of the fjnancial ycar or, if purd)ased in the year, the difference between Cost and mwket value at the end of the year. R￿liSed gains and losses represent the difference between the pro¢eeds on dlsposal and the market value at ihe start of the year or ¢est if purch&4ed in th¢ year. No Inve5thients are held Taxatlon Kirkmichael. Tinwald & Torthonvald Church of Scotland is Tecognised as a charity for the purpose5 of applicabl¢ taxation legislation and is therefore not subject to taxation on its chartiable 2Ctivities. The charity is not register￿ for VAT and r¢sources expcnded therefore iThclude 2rrecover8bl¢ input VAT. Page 8 Klrlunlchael, Tlnwkld & Torthorwald Church ofstotland P4otes Formlng Pgrt of the Fin•neial Stitements Ytwr ended 31 December 2025 Unrestricted Unrestricted Chur¢h Other Funds Funds 2025 2025 Total 2025 Tot#1 2024 l. Voluntgry Ineome WFO Scheme (non Gift Aid) Gift Aid Donations Tax Recovered on Gift Aid Ordinary Offerings {op¢n Plate) Other Offerings, Donations etc Currie Bequest 2.569 15,686 4,416 644 2,569 15,686 4.416 1,930 15,114 9,476 1,136 5.187 18.000 18,1>(Xl 48.310 2. Actfvitlts for Generiting Fvnds Other 2,423 2.423 3. Investmtnt In¢om¢ Bank and Deposit Int¢r¢s¢ 4. Incoming Resources from Chgrltable A¢tlvltl¢s Lif¢ & Work Wedding & Funeral Fers Tran5feTred from Other Source Magazine Advertisements Endowmeni Inwme Insurance Claim Proceeds 40 350 40 350 126 2,296 390 390 4a. Other Intorne Resourcej Total Incomln Rtsour¢es 48.71x1 48,7Th) 37,788 Page 9 KlrkniichaeL TinwAld & TorthorwAld Chureh of Seotlattd Note$ Formlng Part of the Finantial Statements Year ended 31 Dteember 2025 Unrestricted Unrestricted Chll￿h (hh¢r Funds Funds 202S 2025 Total 2025 Total 2024 S. Anglys15 of Resources Expended Cost of Genemdng Funds Offering Envelopes 187 187 187 187 187 187 Ch4rStablt Activities Give io Grow Presbytery dues Minisiels Expenses Locum Pulpti Supply Laptop & Computer Costs Organist and Organ Costs Donations mOder￿or,$ Afternoon Tea Maintenance PA System Music Licence Heat & Light Insurance Priniirig, Stationery & Advertl5in8 Other Expenses Life & Work 9,140 914 3,659 12,422 650 664 3,319 225 9,140 914 3,659 12,422 650 664 3,319 225 4,571 741 3,812 9,055 807 548 2,590 460 18.164 18,164 4.672 268 4.914 5,552 541 795 84 268 4,914 5,552 541 795 84 259 4,426 5,107 558 195 126 61.310 61,310 37,926 Governance Costs Ind¢pendent Examin&5 Fe¢ 1,440 1,440 1,320 ,320 Totsl Resowrets Expended 62.937 62.937 39,433 Support costs have not been 5¢paratrly identified &8 the tn￿¢¢¢5 ronsidcr therc 15 only one eharitabl¢ actiwty. Therefore SUp￿rt ￿Sts relate wholly io ihai activity and have not been separately ideniified. Pag¢ 10 KirkmithAeI, Tlnwald & Torthorwald ChuNh of scot￿￿￿ Notes Fornilng Part of the Flngnc141 Statements YeAr ended 31 Dtcernber 2025 6. Minister'j StApend All Church of Scotland congregation5 contribute to the National Stipend Fund which bears Ihe costs of ail ministers, S¢ip¢nds and employer's Cotstributions for nationa] insurance* pension and housin8 and loan fvnd. Ministers. stipends paid Èn a¢¢ordan¢e with the national stipend s¢ale. which 15 relat¢d to year5 of service. For the year under review the minimum stipend £32,433 and the M￿]MUM stipend (in ihe fifth and subsequent years of 5eTvice) £J9,856 7. Trustte Rernuneratlon and Relited Party TrA1158Ctlon$ During the year no trustees r¢¢eived any Temuneration and no trustees received reimburs¢m¢nt of expenses {2024 nil) Ministerfs expenses and travel amounted to £3.81212024 £3.812) and M8nse Council t&K £nil12024 £nil) 819 No Tangtble Flx¢d Assets or Investments are held Page 11 Klrkmichael. Tlnwald & Torthorwald Church of Scotland Notes Formlng Part of the Financial StAtemetkts Yeir ended 31 Detember 2025 AtlJ¥n 2025 In¢orning Outgolng Transfers Resources Rt50urces At 31 D¢¢ 2025 10. Movements In Fund$ Endow)n¢nt Funds Restrlcttd Funds Garden Fund Tinwald Car Park Fund 50 1,233 50 1,233 1,283 Unrestrftted Funds Gcneral Fund 31500 48.7 62,937 18,263 Designated Krr Guild 81K) 33.JIK> 800 19.063 Total Funds 34,583 62,937 20.346 05e of De unds Krr Guild is the United Guild for Kirkniicha¢l. TIn1￿[d & Torthorwald Chur¢h. The Garden Fund is to be used for developing and tnaintaining the manse gATden. The Tinwald ¢aT park fund is to be ￿5¢0 for developin8 and mainiaining the w park ai Tinwald. 11 Colleetlons forThird Partks 2025 2024 Poppy Scotland Nith Inshore Rescue General HaiB Fund V¢teran5 Garden WoTld Day of Prayer 155 225 160 200 100 380 460 Page 12 Kirkmlchael Tinwald & Torthorwald Church ofscotland App¢ndlx I FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES 2025 C$ ital Account Credit Balances held ai 3151 December 2025 at ¢o$t 12,964 Market Value of balances at 3 1st December 2025 18,975 Revenue Aecount ric Credit Balance at 3 1st December 2025 33,623 31,882 Revenue A General Credit Balance at 31st December 2025 18,285 18,285 Paton Memorlal Fund 683 683 R¢v. F.1. MacDonald Fund 277 277 CroTrvth Fund Jac1￿0￿ MortRfication Trust 909 909 Market Value 1.901 1,901 Paage 13 Klrkml h l Tinwald & Torthorw8ld Church of Scotland Appendix 2 FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE TRUSTEE5 OF KTT Trust Fund5 2025 2024 Currie Be u¢$t Fund Income on Investsnents Profit (Los5) on Realisaiion of Investsnents 17.462 30,839 48.301 16,256 165.501 181,757 Net Capitsl Additions￿]Sp0sa1S 48.301 181.757 Expenditure Transfer to Church Account Management Fe¢$ 18,000 4,464 22,464 5,225 5.225 25,837 176.532 Balanee 4t 1st January 2025 566.817 390.283 Balance at 3 1st December 2025 592,654 566,817 Investrnents Lisied Investments-currie Bequest 565,282 543,958 At Market Value 593,957 544,752 Deposlts Standard LTfe Wealth 27,372 22,859 592,654 566,817 The Investments under th¢ Currie Bequest Fund5 are in tn￿t for the Church with only the In¢ome belng available for transfrr to KTh. Th¢ TTU5tees of the Currie Bequest Fund are the Kirk Sessi(&n of KTT.