The Church of Scotland Kirk of Keith St Rufus, Botriphnie, and Grange
Financial Statements for Year Ended 31 December 2024
Annual Accounts
Congregation No: 352084
Scottish Charity No: SC 031791
Trustees’ Annual Report Year ended 31 December 2024
The trustees present the annual report and accounts for St Rufus, Botriphnie and Grange churches for the year ended 31 December 2024.
Reference and Administrative Information
Charity Name: Kirk of Keith St Rufus, Botriphnie and Grange Charity Registration Number: SC 031791 Congregation Reference No: 352084 Contact Address: The Treasurer Montgrew Keith AB55 6LE
Trustees
Principal Office Bearers Session
Minister – Session Clerk – Treasurer – Gift Aid Convener – Property Convener – Welcome Committee Convener –
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Independent Examiner
Bankers
Royal Bank of Scotland Inverurie
Virgin Mid Street Keith
Investment Manager
Rathbone Investment Management 1 Albert Street Aberdeen AB25 1XX
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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.
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 and skills. The minister, who is a member of the Kirk Session, is elected by the congregation and inducted by Presbytery. There are committees to help in the smooth operation of the Kirk – Property Committee, Finance Committee, Fund Raising Committee and Welcome Committee. Members of the committees meet when required and reports are submitted to the Session Clerk and distributed to Session members prior to Session Meetings. Elders/Session members are all volunteers.
Organisational Structure
The Kirk Session, which meets seven times a year, is responsible for spiritual affairs within the church. Certain responsibilities are delegated to the Finance Committee and the Property Committee as appropriate.
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. Advancement of the Christian message within the local community by way of weekly services and education by holding a Sunday Club, Youth Group and Summer Fun week as well as various adult discussion groups. Raising of funds to enable the local church to cater for its members and also to make our minister available for Parish weddings and funerals. St Rufus Church also has a presence in local schools and care centres. Kirk of Keith is a public benefit entity. There are no material uncertainties about our ability to continue.
Achievements and Performance
This has been a difficult year due to the uncertainty of the way forward. Costs are well down as no repairs other than essential ones have been allowed. Income was maintained but once again failed to meet our expenses. Once again large part of costs was made up of heating and lighting bills and this is something that will always play large part of the costs.
As a congregation we have worked together to try and raise funds and have tried to show that St Rufus should be maintained as a place of worship. This year saw the closure of Botriphnie Church and it has been put on the market. There is no doubt that the country churches are finding it difficult to draw worshippers so numbers attending services are dropping and we will have to decide whether Grange should remain open. The introduction of live streaming the Sunday services via facebook has allowed people unable to attend in person feel part of the service and it is a very appreciated service. This live streaming also means that members can catch up during the week.
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Trustees, Annual Report (cont) Year ended 31 December 2024 Finaneial Review The principal sources of income are Weekly Frc¢will Offcrings thfts )'car £43.228, up £7102 from1&8l y¢ar) and &w)ciated Gift Aid as well as. re¥ll1 fund raising events. TnteeS dundted a l()tal of £8,450 during the y¢ar to the charity. Some donations were via the open plate so an accurnt¢ total is im8$1ble lo qU}Illi,. Re5erv¢s Policv Unre.slri¢ted Funds I'hc Ilaihlx)ne investmcnt stands currcnily <11 £485,9111. TheT¥ 1% d predictable io¢rease over the lasl year (the amoiint invLsie¢J inili¢illy £250.000 with a furth¢r £100.OIMI added in early 2020). Suflicient tiinds w¢r¢ lalned ID¢ally to Covknr IhL' c()ngregtrttlional cxpcnscs. R¢%lriLtLd I,unds Huntcr and other .1 rust ttinds ic rc hcld within a qeparate account and total £26,000 (Ihose funds ure for supportuig tlie iieedy in Ihe Parishcs). Deposil Fund, Cir()wlh b'und UT)d Lonsolidaicd Stock Invttslniciits EWL. huld within Ihe L'hiirLh ot. Scotland undcr our LoiigrLgialii)n iiumher _3f 2n%4 iin(I the l)eposit riind a balancc ()f Ll 261137 ¢11 .31 l)eceiiiber 2024. ThL Growth F'und hils il ti)tsl i)1'1700 units with a m¢irkel vuluc of £1 0.84C) as al .3 I l)eL¢mher 21124. '1-h¢ intercst troi)I tIic8L Iiii'o%lmLnl.% bLLll JLL()unlL'd f()r. Statement of Trustees, Respon8ibilities C,harily law rcquirL'S thL. 1rustees Iii PTepllre tinancial statcmcnts for cach financial yvar whi¥h %hi)W il Irue dnd r<iir view vt thc stalc of atTdir% ()r IhL Lhurily and its tinancial activiti¢s for that pcriod. In prcparing thiise rin11] sllltement.8, Ihc Inislccs ktr¢ fL4uired Ii).. scIcLI %uilJble accounting policic8 ajid ihen iipplv them consislenily. makL.jud¥menls aiid estiniatcs that arL rL&%(Inabl¢ 4tnd prudenl- late wh¢lheT appliLable accoui)liiig %ldndards and sldlemenlts vl. reLonunendcd practice have been fiilluwed: %ubjeLI t¢) departurcs di.scli)8L.d lind cxplaincd in the finunL?al .slaiements: ,Trnd prL'Piire the tinaneial st1< temcnts oil Ilic goiiig ¢onc¢rii bd515 uiilcs% il is iiiappropridle lo presuine Ihdl ihe ¢hi*rity will conlinu¢ in Opcrntional cxist¢nc¢. Thc trustccs arc rcsponsit)l¢ Inr keeping, proper accolinting record8 which disclosL willi rLdSC)nablL' aLLuraLy at any lime thc financial po.sition of the charity w)d to enablc thcm to cnsurc that the linanLldl %latLmLnl8 coiiiply willi Ihe Charities dnd .1 ru%lee Investment (Scotland) Act 2000. Ihe Charilies Accounls (scotld) Regiulali(Ins 2006 ld FinanLial I<cTXJrting Standard 102 (F.RS 102 SORP). Thcy are also rcspoiisiblc for saligudrdingF the assets of the charity and hence for takingy reasonable Sieps for the prcvcntion and dctcction of fraud and other irregularities. Approvcd by Ihc .1 rLl%tee.% iinil .sigyiie.d tIiLiI' bL'li£il r. Se55ion Clerk .. Dale
Kirk of Keith St Rufus. Botriphnie and Grange SC 031791 Independent Examiner's Report ¢0 the Trustees of Kirk of Keith St Ruful, Botriphnie and Gr4nge I report on the accounts of the charity for thc ycar ended 31 1)e¢ember 2024 which ar¢ set out on pages 7 to 16. Respe¢tive responsibiliti(* of irustee5 &nd examiner 'I'he charity's tiustCLS arc rc.SPL)nsible f()r Ihe preparalioii of the aLcounls 111 aLl4)rdLe with ihe tern]s of the Charities Tn]st¢e Jnvestmcnt (scoiland) Act 2005 and thc Charitic8 ALciiunts (SC1)tld} RegTulaiions 2006. 'I'he Lliarity tiiislees LoiisiIiL'r thal the audit rcquircmciit Dl. Regiulalion I11{l ) (d) of thc Ac¢(Trunl% IILgulalii)ns doe8 nul gkpply. It is my rcsp()1isihililv lo excwnine Ihe dLL()unl% required under section 44{1) (c) of Ihe Act dnd Iii,%liite wheih¢r particul mutters havc comc to In), iltlLnli()n. Bayis i)f indLpcndent cxamiDer's 8tstement My cxaii)inillijn 1% ¢(itticd out iii accoi'danLe wilh RLgrulcqtion I l of tl)e C.htiriliLS ALL(Iiinls (Scotlaiid) Rcgulali()ns 211116. An cxainii)alii)n ii)LliJLIL.4 a review ot. thc 4wcounting rccords kept by the ihiwily a compari81)n of the uLLounts prcscntcd with Ih<)se rvL()rds. It nlso in¢liidcs considcration ol. ally UnUSUiil il¢m% or diSLlI)%iires in Ilie accounts. ]d seLk8 expldll(Ili()n4 In)In the Irustcos conccming any such mdllLf8. '1'h proccdures unclLrl4iken do not providL all IhL ¥Vi(JLnL¢ Ihiil w()iJld be reqiiired in an audit, and conse4uLnily do I)ot Lxpre%% an audil ()pinion L)11 Ihc vicw givLn IhL il¢L()IITtI%. Indep¢ndcnt exthminer'q xlatemcnt In thc coursL" ol. my ¢Xiiinindliiin, no matter hEts comc l() my atlLnlion [IilhLr ihJn disclosed below ] hich giv¢s mc rc&8()n¢ihlc LdU.%e li) helivve tlial in at)y i)ialvri¢il r¥.%PLLi II)L IL'quiremenls: li) kcL'P aL¥ountirtg rccords in a¢cord(mLe with %etyti(In 44(1) (ci) oft. the 2005 Act and RLgulaliun 4 or tlic 2U06 ALL()Iinis Regyiilalioi)s. and lo prepk]rc aLLiiunls whiLh dLL()rd with ilic accounting reci)nl% and ¥omply with Regyululion 8 of thc 2006 Accoun1% IIL4iJI(Ili()ns hiiV¢ not bccn mct, or 2. to which. in my i)pinion, allenlion should bc drawn in nrdor to cnahlc a prOT underslllnding of thc accounls to EL. rLached. Name.. Sied . ProfLYSi(Indl ()Ii'ililiL,'IliiiniPri)t"c.ssioiial Bodv.. A%.¥i)Lidliiiii (Il- ("'IiiirlLre(I l eriified ALLounldnls Addre&N'. l)ale: i-o¥-a Plcas¢ dclctc thc words in brackets if'they do not apply. Irthe words do dppl) set uul Ihose matters ,hIch havc come to your attention.
Kirk of Keith: St Rufus, Botriphnie and Grange
Statement of Financial Activities
Year ended 31 December 2024
| Note Incoming Resources Incoming resources from generated funds Donations and legacies 1 Activities for generating funds 2 Investment income 3 Incoming resources from charitable activities 4 Total Incoming Resources Resources Expended Costs of generating funds 6 Charitable activities 6 Staff costs 7 Total Resources Expended Net incoming/outgoing resources before transfers Transfers between funds Net incoming/outgoing resources before other recognised gains and losses (Loss)/Gain on revaluation of investments (UK) 10 Net movement in funds Total funds brought forward Total funds carried forward |
Unrestricted Restricted Funds Funds Total 2024 2024 2024 £43,228 £11,266 £2,148 £6,465 £63,107 £0 £63,107 £322 £63,584 £10,325 £74,231 £0 £74,231 (£11,124) £0 (£11,214) £0 £35,143 £35,143 £24,019 £0 £24,019 £566,216 £26,000 £592,216 £590,235 £26,000 £616,235 |
Total 2023 £36,126 £11,876 £1,891 £5,340 |
|---|---|---|
| £55,233 | ||
| £440 £82,738 £7,966 |
||
| £91,144 | ||
| (£35,911) £0 (£8,059) |
||
| (£43,970) £636,186 |
||
| £592,216 |
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Kirk of Keith: St Rufus, Botriphnie and Grange Balance Sheet As at 31 December 2024 2024 2023 N¢X¢ Fixed AyseL$ T&1b]¢ fixed assets InveslmenL Rathbon¢ Invesmient £381 ElS,546 £485,918 £501,845 £758 E14.611 £451,710 10 £467,079 Cyrrent A5tS r)cl)IiJrs (I IMRC) Bank 1114,390 £114.390 £125,137 £125,137 Current LiobilitilcredItorJ Falliii&p diie withiD onc year Ncl C.urr¢nt 12 E114,39J £125,137 Nel Asset$ £616,23J £592,216 Unre%lrlL'ttd Fund GLnL'fdl fund% £590.235 £S66,216 nesikiiiaiLd funds SurplLislld¢ficiL} £0 £24,019 £0 1£43,9701 liestrlc¢¢d 13 £26,OC £26,WO I'olAI £616.235 £592.216 The accowits were appTovLd by Ihe Kirk Session on 12810212025. l.or and behalf of thc Kii'k 8L%81I)n. Sesslon Clerk Treasurer
Kirk of Keith, St Rufus, Botriphnie and Grange
Accounting Policies
The principal accounting policies, which have been applied consistently in the current and preceding year in dealing with items which are considered material to the accounts, are set out below.
The charity has adopted the requirements of the Statement of Recommended Practice: Accounting and Reporting by Charities (issued July 2014). The accounts have been prepared on a simple accounts basis as last year.
There are no material uncertainties about our ability to continue,
Basis of preparation
The accounts have been prepared in accordance with applicable accounting standards and under the historical cost convention, modified to reflect the inclusion of investments at market value, and in accordance with the Charities and Trustee Investment (Scotland) Act 2005, The Charities Accounts (Scotland) Regulations 2006, the Regulations anent Congregational Finance approved by the General Assembly of the Church of Scotland in 2007, the Statement of Recommended Practice: Accounting and Reporting by Charities (2005) and Financial Reporting Standard 102 (FRS 102 SORP).
The charity is a public benefit entity as defined by FRS 102.
The accounts are prepared in sterling which is the functional currency of the charity. Monetary amounts in these documents are rounded to the nearest £.
Funds
Funds are classified as either restricted funds or unrestricted funds, defined as follows.
Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider objects of the charity.
Endowment funds are funds which have been given on the condition that the original capital sum is not reduced, but the income there from is used for the purpose defined in accordance with the objects of the charity.
Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees’ discretion to apply the fund.
“Bank” includes cash in hand and bank deposits.
Incoming resources
All donations and gifts are included within incoming resources under either unrestricted or restricted funds according to the terms under which the donation is made and when the amount can be quantified with reasonable certainty. Donations and gifts in kind are brought into the accounts at their market value to the charity.
Resources expended
Expenditure is recognised on a simple basis as the liability is incurred.
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Kirk of Keith St Rufus, Botriphnie and Grange
Accounting Policies (continued)
Tangible fixed assets
The charity has the right to occupy and use for its charitable objects certain tangible fixed assets, including the churches, hall and manse, vested in the Church of Scotland General Trustees. No consideration is payable for the use of these assets. Expenditure incurred on the repair and maintenance of these assets is charged as resources expended in the statement of financial activities in the period in which the liability arises.
All tangible fixed assets costing in excess of £100 having a value to the charity greater than one year, other than those acquired for specific purposes, are capitalised. Depreciation is provided on a straight-line basis to write off the cost or initial value, less residual value, of tangible fixed assets over their estimated useful lives. New hymn books were purchased in 2016 for all 3 churches (including large print editions and melody versions) and they are to be depreciated on a straight line basis.
Investments
Fixed asset investments are stated at market value at the balance sheet date. Unrealised gains and losses represent the difference between the market value at the beginning and end of the financial year or, if purchased in the year, the difference between cost and market value at the end of the year. Realised gains and losses represent the difference between the proceeds on disposal and the market value at the start of the year or cost if purchased in the year.
Taxation
Kirk of Keith, St Rufus, Botriphnie and Grange is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities. The charity is not registered for VAT and resources expended therefore include irrecoverable input VAT.
Basic Financial Instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity’s accounts when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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Notes forming part of the financial statements 2024
| Unrestricted Funds 2024 |
Restricted Funds 2024 |
Total 2024 |
2023 | |
|---|---|---|---|---|
| 1 Donations and Legacies | ||||
| Offerings and donations | £36,476 | £36,476 | £36,126 | |
| Gift Aid Tax Received | £6,752 | 0 | ||
| £6752 | ||||
| Legacies (unrestricted) | 0 | £0 | 0 | |
| £43.228 | £43,228 | £36,126 | ||
| 2 Activities for Generating Funds | ||||
| Hire of Hall | £3,284 | £3,284 | £3,919 | |
| Life and Work (surplus) | £0 | £0 | £0 | |
| Other | £750 | £750 | £1,464 | |
| Other – Christmas Fayre | £7,232 | £7,232 | £6,493 | |
| £11,266 | £11,266 | £11,976 | ||
| 3 Investment Income (UK | ||||
| Investments) | ||||
| Deposit funds (held at CofS) | £474 | £474 | £375 | |
| Growth funds (held at CofS) | £0 | £0 | £0 | |
| Bank Interest | £1,674 | £1,674 | £1,516 | |
| £2,148 | £2,148 | £1,891 | ||
| 4 Incoming Resources from Charitable | Activities | |||
| Weddings and Funerals | £6,465 | £6,465 | £5,340 | |
| Other | £0 | £0 | ||
| £6,465 | £6,465 | £5,340 | ||
| 6 Analysis of Resources Expended | ||||
| Costs of Generating Funds | ||||
| Offering Envelopes | £322 | £322 | £440 | |
| £322 | £322 | £440 | ||
| 6 Charitable Activities | ||||
| Ministries and Mission Allocation | £29,652 | £29,652 | £34,040 | |
| Presbytery Dues | £1,937 | £1,937 | £2,525 | |
| Advertising | £0 | £0 | £0 | |
| Minister’s Travel Expenses | £880 | £880 | £720 | |
| Sunday Club Buses | £0 | £0 | £0 | |
| Pulpit Supply | £0 | £0 | £0 | |
| Fabric Repairs/Maintenance | £5,949 | £5,949 | £21,866 | |
| Rates (Manse) | £2,547 | £2,547 | £2,494 | |
| Flowers | £0 | £0 | £0 | |
| Heat and Light | £11,854 | £11,854 | £10,691 | |
| Insurance | £6,702 | £6,702 | £6,453 | |
| Vacancy Costs | £0 | £0 | £0 | |
| Printing, Stationery, Postage | £229 | £229 | £374 | |
| Hire of Hall | £50 | £50 | £50 | |
| Depreciation | £377 | £377 | £377 | |
| Telephone | £1,077 | £1,077 | £988 | |
| Fun Week | £0 | £0 | £0 | |
| Organ Tuning/Music (CCLI licences) | £754 | £754 | £315 | |
| Donations to other charities | £0 | £0 | £0 | |
| Other Expenses | £1,576 | £1,576 | £1,825 | |
| £63,584 | £0 | £63,584 | £82,738 |
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| 7 Staff Costs and Numbers Salaries and Wages Social Security costs (NI) |
2024 2023 £9,509 £7,380 £816 £586 |
|---|---|
| £10,325 £7,966 |
The average number of employees during the year, calculated on the basis of a head count, was as follows:
| follows: | ||
|---|---|---|
| 2024 | 2023 | |
| Church Officers (Part Time) | 4 | 7 |
| Church Officer (Full Time) | - | - |
| Cleaner | 2 | 2 |
| Organist | 2 | 2 |
| Youth Worker (Part Time) | - | - |
| Parish Assistant | - | - |
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 £28,700 and the maximum stipend (in the fifth and subsequent years) £35,269.
In accordance with Church of Scotland regulations applicable to all congregations, Council Tax of £ 2,547 was paid to Moray Council for the Kirk manse.
No employee earned over £60,000 in 2022.
8 Trustee Remuneration and Related Party Transactions
Six trustees received reimbursement of expenses totalling £944.
The following trustees did receive payments in connection with carrying out Church Officer duties at weddings or funerals. The monies were not from church funds but from the undertakers or wedding parties but they did pass through the church bank account and arrangements were in place for income tax where appropriate. The details are as follows:
One trustee did carry out essential repair work to the manse and church boilers, the total value of the transactions was £1289.
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Depreciation for 2024
9 Tangible Fixed Assets
| Cost at 31.12.2023 additions disposals at 31.12.2024 Accumulated depreciation at 31.12.2023 Charge for 2024 (10%) at 31.12.2024 Net Book Value at 31.12.2023 at 31.12.2024 PM - Plant & Machinery OE - Office Equipment HB - Hymn Books (CH4) |
P&M HB OE Total £5,902 £3,774 £826 £10,502 |
|---|---|
| £5,902 £3,774 £826 £10,502 £5,902 £3,016 £826 £9,744 £377 £377 |
|
| £5,902 £3,393 £826 £9,744 £0 £758 £0 £758 £0 £381 £0 £381 (depreciated @ 25% straight line basis) (depreciated @ 25% straight line basis) (depreciated @ 10% straight line basis) |
10 Investments (UK)
| Investor Trust deposit Fund 352084 Market value at 31.12.2023 Market value at 31.12.2024 Investor trust growth Fund 352084 Market value at 31.12.2023 Unrealised gain (loss) Market value at 31.12.2024 Rathbone Investments Value at 31.12.2023 Additional Investment Unrealised gain (loss) alue at 31.12.2024 Total Net Book Value of Investments Investor Trust gain/(loss) Rathbone gain/(loss) (Loss) Gain on revaluation of investments |
2024 £4,700 £9,911 935 £10,846 £15,546 £451,710 £0 £34,208 £485,918 £501,464 £935 £34,208 £35143 |
2023 £4,700 £9,180 £731 £9,911 |
|---|---|---|
| £14,611 | ||
| £460,500 £0 (8790) |
||
| £451,710 | ||
| £466,321 | ||
| £731 (£8,790) |
||
| (£8,059) |
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Notes forming part of the financial statements (cont)
| 11 Debtors Gift Aid Tax due from HMRC 12 Creditors Accruals Social Security/HMRC |
2024 0 £0 0 £0 £0 |
2023 0 |
|---|---|---|
| 0 | ||
| 0 £0 |
||
| £0 |
| 13 Analysis of Net Assets Among Funds General Fixed Assets £381 Investments (inc R'bone) £501,464 Current Assets £88,390 Net assets at 31.12.2024 £590,235 |
Designated £0 |
Restricted £26,000 £26,000 |
Total £381 £501,464 £114,390 |
|---|---|---|---|
| £616235 |
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Notes forming part of the Financial Statements
For the year ended 31 December 2024
12 Movement in Funds
at 31.12.2023
| 12 Movement in Funds at 31.12.2023 |
|
|---|---|
| Restricted Funds Hunter Fund Trust Fund Fabric Legacy (Barron) Unrestricted Funds Designated Fabric Fund Investments General Fund Total Funds |
At 31.12.2023 Incoming Resources Outgoing Resources Transfers At 31.12.2024 £20,000 £20,000 £6,000 £6,000 £0 £0 |
| £26,000 £0 £0 £0 £26,000 £0 0 £0 £466,321 £35,143 £466,321 £99,895 £63,107 £74,231 0 £99,895 |
|
| £566,216 £98,250 £74,231 £0 £590,235 |
|
| £566,216 £98,250 £74,231 £0 £616,235 |
Purposes of Restricted Funds
Hunter fund: this is a fund to support pensioners and needy within Botriphnie Parish at Christmas time.
Trust Fund: this is a fund to support pensioners and needy within St Rufus and Grange at Christmas time
Barron Fund: this is a fund available to assist the congregation to meet its fabric commitments of St Rufus church
Purposes of Designated Funds
Fabric fund; the trustees have set aside funds for the day to day running of the church. Following a Finance Committee meeting in February 2022 the Designated Fabric Fund was transferred to the General Fund.
Contingent liability
The charity has historically recorded grant funding in respect of property enhancement. These grants have conditions that could result in the grants being partly repayable. These conditions apply for 5 years and were satisfied during 2014 and 2015.
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APPENDIX
FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES
| 2024 | 2023 | |||
|---|---|---|---|---|
| CAPITAL ACCOUNT | ||||
| Credit Balances held at 31 December at cost | £86,107 | £86,107 | ||
| Consolidated Fabric Fund (Shares Held)) market value A/C no 553520842 Market |
£126,037 | £120,079 | ||
| REVENUE ACCOUNT Credit Balance at 31 December Fabric fund a/c 503520841 |
£87,566 | £79,378 | ||
Temporary Account (£1803)
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