The Church of Scotland
Lismore Parish Church
Trustees' Annual Report
and
Congregational Accounts
for the year ended
31st December 2022
(Receipts and Payments)
Congregation No: 211308
Charity No: SC030972
Reference and Administrative Information
Charity Name: Lismore Parish Church Charity Registration Number: SC030972 Congregational Reference Number: 211308 Contact Address: Trustees ( Kirk Session):
==> picture [481 x 202] intentionally omitted <==
Bankers:
Royal Bank of Scotland George Street Oban Argyll PA34 5SB
Trustees Annual Report — Year ended 31st December 2022
Structure, Governance and Management
Governing Documents
The Church is administered in accordance with the terms of the Unitary Constitution.
Recruitment and appointment of Trustees
Members of the Kirk Session are charity trustees. The Kirk Session members are the elders of the Church who are chosen from those members of the Church who are considered to have appropriate gifts and skills. The Minister, who is a member of the Kirk Session, is elected by the congregation and inducted by Presbytery.
Organisational Structure
The Kirk Session, which meets up to 5 times per year, is responsible for the spiritual and management affairs of the Church. Certain responsibilities are delegated to the Treasurer and Property Convener.
Objectives and Activities
The Church of Scotland is Trinitarian in doctrine, Reformed in tradition and Presbyterian in policy. 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. Lismore Parish Church holds a Service of Worship each Sunday and is linked with Appin,
Achievement and Performance
During the year average attendance at morning worship was 18
Financial Review
The principal source of income is from weekly offerings.
The total funds held (locally) by the Church increased over the year by £11195 with no liabilities.
Reserves Policy
It is the Trustees’ policy to hold Reserves of £5,000, which is approximately six months expenditure. However, due to the difficult financial position this level of reserves cannot always be maintained.
Sustainability Statement
‘Stewardship Awareness’ is brought to the congregation’s attention with the aim of increasing
congregational involvement and attendance as well as Offerings.
We continue to try to reduce our overall costs but are fully aware of the difficulties involved.
Statement of Trustees' Responsibilities
The Trustees must prepare financial statements which give sufficient detail to enable an appreciation of the transactions of the Church during the financial year. The Trustees are responsible for keeping proper accounting records which, on request, must reflect the financial position of the Church at that time. This must be done to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 and the Regulations Anent Congregational Finance approved by the General Assembly of the Church of Scotland in 2007. They are also responsible for safeguarding the assets of the Church and must take reasonable steps for the prevention and/or detection of fraud and other irregularities.
Approved by the Trustees and signed on their behalf, . . . . . . . . . . . . . . . . . . . . . . . . Date: .
Lismore Parish Church Charity No: SC003718
Report of the Independent Examiner
Independent Examiner's Report to the Trustees of Lismore Parish Church
I report on the accounts of the charity for the year ended 31st December 2022 which are set out on pages 6 to 10
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006.
The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent Examiner's Statement
In the course of my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and
-
to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations
have not been met.
==> picture [155 x 101] intentionally omitted <==
....................................... Nam
Date : ___ 2023
Lismore Parish Church
Receipts and Payments Account Year ended 31st December 2022
==> picture [494 x 652] intentionally omitted <==
----- Start of picture text -----
Unrestricted Restricted Endowment
Total Total
Funds Funds Funds
2002 2021
2022 2022 2022
£ £
£ £ £
Receipts
Donations 8877 8877 7967
Legacies
Gift Aid
3574 3574
Received
Activities for
Generating 352 352
Funds
Bank & Deposit
60 60 2
Interest
Investment
481 481 530
Income
Receipts from
General 11550 11550
Trustees
Other Receipts 203 203 1123
Total
25097 25097 9622
Receipts
Payments
Cost of
Generating Nil Nil Nil
Funds
Charitable
12694 12694 11388
Activities
Governance
Costs
Total
12694 12694 11388
Payments
Excess Receipts
over Payments
12403 12403 11388
before
Transfers
Transfers 0 0 0
Excess Receipts
over Payments 12403 12403 11388
for the Year
----- End of picture text -----
Lismore Parish Church
Statement of Balances
as at 31[st] December 2022
==> picture [447 x 200] intentionally omitted <==
----- Start of picture text -----
Unrestricted Restricted Endowment Total Total
Funds Fuds Funds 2022 2021
£ £ £ £ £
Opening 4054 4054 5820
Balance
Receipts 25097 25097 9622
Payments 12694 12694 11388
Closing 16457 16457 4054
Balance
----- End of picture text -----
The Accounts were approved by the Trustees on 2023
For and on behalf of the Trustees: …....................................... Moderator
…....................................... Treasurer
Lismore Parish Church Notes to the Accounts
1. Trustee Remuneration and Related Party Transactions
was reimbursed £514 for expenses
2. Movement in Funds
==> picture [519 x 150] intentionally omitted <==
----- Start of picture text -----
At 1st Jan Receipts Payments Transfers At 31st Dec
2022 £ £ £ 2022
£ £
Unrestricted
Funds
General Fund 4054 25097 12694 16457
Fabric Fund 6054 588 1796 4846
Bell Fund 170 0 0 170
Total Funds 10278 25685 14490 21473
----- End of picture text -----
3. Analysis of Receipts
==> picture [495 x 195] intentionally omitted <==
----- Start of picture text -----
Restricted
Unrestricted Endowment
Funds Total Total
Funds Funds
2022 2022 2021
2022 2022
£ £ £
£ £
Donations 6011 6011 8528
Open Plate 3421 3421 1092
Interest 541 541 2
HMRC 3574 3574
General
11550 11550
Trustees
25097 25097 9622
----- End of picture text -----
==> picture [534 x 94] intentionally omitted <==
4. Analysis of Payments
==> picture [466 x 620] intentionally omitted <==
----- Start of picture text -----
Unrestricted Restricted Endowment
Total Total
Funds Funds Funds
2022 2021
2022 2022 2022
£ £
£ £ £
Charitable
Activities
Ministries &
8763 8763 9707
Mission
Presbytery
213 213
Dues
Minister’s
514 514
Expenses
Other Staffing
Costs 0 700
(Honorarium)
Fabric Repairs
and 508 508
Maintenance
Shared Charge
0 68
Costs
Heat and Light 561 561 321
Insurance 1695 1695 530
Other
290 290 62
Expenses
3rd Party
150 150
Collections
Total
12694 12694 11388
Payments
Governance
Costs
Independent
Examiner’s Nil Nil Nil
Fees
Other
Payments
Purchase of
Nil Nil Nil
Assets
Purchase of
Nil Nil Nil
Investments
----- End of picture text -----
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, which is related to years of service.
For the year under review the minimum stipend was £28700 and the maximum stipend in the 5th and subsequent years was £35269.
6. Collections for Third Parties
£150 – Scottish Air Ambulance
7. Fabric Funds held by Church of Scotland General Trustees and the Investors Trust
==> picture [504 x 233] intentionally omitted <==
----- Start of picture text -----
At At
Receipts Payments Transfers
1st January 2022 31st December 2022
£ £ £
£ £
Consolidated
Fabric Fund 3943 3943
Capital
Consolidated
Fabric Fund 29713 315 55 29973
Revenue
Deposit Fund 9143 9143
Total held by
Church of 42799 43059
Scotland
----- End of picture text -----
The Capital of the the Consolidated Fabric Fund of £3943 had a market value of £6072 at 31st December 2022.
Investors Trust Growth Fund – 4373 units originally costing £14999.39 had a market value of £23614 at 31st December 2022.