2024-12-31-accounts

Parish of Penninghame {Church of Scotland) RECEIPTS AND PAYMENTS ACCOUNTS at 31st December 2024 Congregation No: 090515 Charity No: SC031847

Reference and AdTnini5tfative Inform*lon Charity Name.. Parish of PennlnEhame (Church of kotland) Charity Registration No.. SC031847 Con8reg3tion Reference No.. 09Q515 Contact Address. 9, Auchendoon Road Newton Stewart WWown5hire DG86HY Trustees: Kirk Session Prlnclpal Officq.Bearers Minister.. Session Clerk: T￿&SUrer. Independent Examln•r. Montpelier Professiona (Gallowayl Ltd.. l Dashwood Square Newton Stewart DG8 6Ea Bank•rs Bank of Scot13nd 37 Albert Street. Newton Stewart, DG8 6EF

Trustees, Annual Report Year end¢d 31" Dec•mber Z024 Strurture, Governance and Managernent Governlng Document The Church is administered in accordance with the lernis of the Deed of Constltutlon (Unitary Forml. R•f rultment and Appolntment ol Trustees Members of the Kirk Session are the (￿.ar1* trustee5. Thg Kirk Session fflembers are the elders of the ChLtrch and are chosen from those members of the Church who afe considered to have the approprlat@ gift5 and skllls. The minister. who is a member of the Kirk Session.15 elected by the conÉre8ation and lndutt.ed by Presbytery. Oryanlsatlonal Structure The Klrk Session, whlch meets four tlmes a year and at other times as required. Is responslble for the splrltual and temporal affairs within the Church. Commsttees affe establlshed for Administratlon, Chirities & Welfare, Finance. outreach & Nurture. and Propert¥. In addition, there is now a Pastoral Care Team. All are convened by a Session Mernber, and reports are presented to the tull Se5510n. Oblertlv•s •nd Aetlvltl•s The Church of Scotland Is frlnitèrlan in doctrine, Refomled In tradltlon and Presbyterian In pollty. It exists to 8lor7fy God and to work for the advancement of Christ's Klngdom throughout the world. As a national Church, it acknowled8es a distinc¢ive call ar,d duty to brinR the ordinances of reli8lon to the people in every parlsh of Scoiland through a territori)I mlnlstry. It COvaperate5 Wlth other Churches In varlous e¢umeffiical bodies in Scotland and beyond. Pennin8hame St John's promotes the Chrfstian faith through worship and outreach and s8Nes the communSty of Newton Stewart and surroundin8 area. Moming worshlp takes place in Pennln8hame St John's every Sunday at 10.30am and these servlce5 are recorded and uploaded onto Pennln8h8me St John's YouTube channel, website and Facebook pè8e. Gatherin8 songs arè performed bv a small group of sin8er5 Ortd musiciBns at ihe beginning of mornln8 worship and the choir perform throughout the year at Easter, Remembrance Sunday and Nine Lesson and Carols setvlces. A monthly evenin8 service c3lled ihe Gatherin8, Voune People and 5choo15. weekly Sunday Club, Bible Studies, Mornln8 Prayer Prayers for Peace all take place. Regular Men's Breakfasts and Fèllowshlp Dlnners are held in local ¥enue5 and are an opportunlty to enjoy fellow5hlp and support local businessès. A group for young people aged Primary 7 to Secondary a8e meet for pizza and games evenln8s and monthly activity night5 in conjunction with garcaple Abernethy Trust. Publ TPTe trustees have referred to ihe guidance contained in the Office of the S¢ott15h Charit¥ Regulatorfs ge￿eTaI guidance on public benef1t when reviewing their objectNes and in planning their future Octivities. In particular, the trustees consider how planned activitie5 will contribute to the objective5 they have set.

Trustees Annual Report leont.) Year Ended 31" December 2024 Achievements and Performance As of 31" December 2024. the Communlon Roll stood at 334 members. no weddings and 20 funerals were conducted during the year. The Sunday Ciknb has 24 children enrolled and the Guild mntinue5 wlth 16 members. A week-lon8 Holiday Club wa5 held in Jvty with 80 children registered for the week with a peak attendance of 72 and around 12 teenagers coming alon8 to the evening events. An enjoyable family ceilidh and barbeque rounded off a very 5uccesslul week. Over 200 paple gathered at the opening of the Christmas Tiee Festlval which ran durin8 Advent weekends. 77 trees were on dlsplay with contributors r•n8ing from ind￿ri￿Val5, charitie51 groups. or8anisailons and local buslnesses. Coples ofthe church na&azine ￿￿ delivered to every church memberto letthem know about the life of the church. The Kirk Session donated £150 bursaries to two local stuoents from the McLÈan bursary. A cris15 relief donation of £40 was made from Oou8las Mortlfication fund for the poor and needv. The consregatbon Supports local and International charlties. Donatlons have been sent io Chrlstian Aid, the Church of Scotland'5 World Missbon Counc•l and £245.75 was donated to F88shell Cambodia after they 8ave a presèntatlon durin8 morning worshlp about thelr work to protect vulnerable chSldren In Cambodla. The Coffee Morning for Homelessness in January and the Chrlstmas Tree Festival in Dectmbef raisèd £1,966.30 for Bethany Chdstian Trust. The congregation contlnues to support the Machars Churches, 8aslc$ Bank whlch provide.5 vltal support for those strsjggllng wlth the c05tryof-lfving crisis. The ¢hurch wa5 Used as a venue by the Gvlld for their BIR Slng and a successful fundraiser for Newton Stewan Music Fe511val showcasin8 youn8 musi¢ian$, Futur¢ It is antl¢ipated that funds wlll need to be raised to reyir the tower. In November funds were approved to install a new commerclal kitchen In the Hall. A 5-year plan has been dr)wn up io refurblsh the Manse to be funded from Resprves. Fln•nclal R￿leW The major source of fundir* contlnues to be through weekly offeriry and re8ular 8Ning. "Gift Aid" continues to be the maln source ol tongregational 8ivins along with tax reclaimed on GSft Aid. There has been a graduol increase In the amount of donations received this year across all types of givlng. Funera15 and weddir6s had no COVID restrlrtlorns. and the use of the hall offe￿d fully to community 8roups. B y the end of 2024 we were able to use £5,rxI) from the General Fund toward5 the refijrbishment of the new Hall kitchen. We ended the year with a def￿. an unrestricted Excess of Payments over Recelpts of mlnus.. £4.838 {2023- surplus £56.4621. An overall Excess of Payments over Rècelpis deficlt of minus- £4,71412023: surplus £57.308) wa5 vnade duiin8 this financial year.

Trustees Annual Report leont.) Year ended 31 DKember Z024 Reserves Policy (cont.) At the end of year the Church decreased its unrestricted cash funds to £77.32912023'. £82,167). We have also been able to finish the year with a balance of E18,850 in Reserve Funds12023- £29.IX)01 with f45.515 held in a separate unrestricted Reserve Funds purpose entitled 'Nelson Legacl. Our aim is to keep the working baLince in Reserve Funds to a figure of not less than £12,QW during 2024. Refurbishment of the main bathroom in the Manse was approved b¥ ihe Kirk Session in 2024 and pped at £7,CKJO. The Minister affereij to put the remalnder of his 2023 Manse Allowance and all of hls 2024 Manse Allowance toward5 this project which was financed from Reserve Funds. At the end of the year the Church hokls E3.070 {2023: £2,946? of reStr￿ted and endowment funds which have been provided for ihe purposes specified in Note 3. In addition to cash funds, the Church a150 hold5 unres".ric'.ed investments with a market value at the year end of £424.52712023'. £420.6891, as dÈs¢rlbed in Note 4, and restricted investments with a market value at the year end of £ts,95812023: £13.8321. At ihe end of 2024. the Truslees de￿nated £2.(XX) for Outreach work and £1,5CA) for Congre8ational Organisational work. The desrynated Manse Allowance Fund has been allocated £1,200 for2025. InY¢gkn)ent P¢￿er and Pdley The Bènnan Trust138.384 units) and Bequest Endowment Fund$11.262 unilsl have been invested in an Income Fund wlth The Church of Scotland's Investors. Trust, a fund which alms to provide investors with a hi8h ar.d sustainable income with funds invested predominantly in fixed Inte￿St bonds and operateé on a unitised basis. The Income FLJnd is professionally managed by Royal London A55et Management based in London. Distributions from the Income Fund are made in March nd September, bul they are effettively three months in arrears from :he perlods in which they have been accrued. Consequently, the income accrued in the Fund in the first half of a ca,'endar year determines rhe dlstribution made in September and ihe income received in the second half of a year determinès the payment made in the following Marth. Investment IrKome received this year was £25.64112023.' £19.8231. In the 12-month perfod to September 2024. the fund delivered a total return of 12.77% which outperformed it5 benchmark of 9.72%. Thi5 fund continues to deliver ￿turnS over the long temi which are better than thal of the benchmark a8ain5t which the Fund is measured. The Trustees, havin8 re8ard to the liquklity ￿qUIre￿entS o* ihe Church finances. have kept available Reserve Funds in an interest-bearing Deposit Fund wtth The Chui ch of Scotland Investors, Trust. Dep051t5 are moved between the ReseThe Fund and General Account on an as required basis so a5 to keep a workin8 b?laree in the General Account at all tlmes. The Fund is professionally managed by Thomas Miller Investment LI￿lted, bosed in London afKI Edinburgh. The Fund'5 aim is to provide investors with a)mpetitive rates of interest. while presèNin8 nominal capital values Deposits ère repayable on demand with interest calculated quarterfy in ar￿ar5, paid gross in May and November and closety trdck Snterest received by the Trust. Deposit Funtl interest received this year was £1.863 (2023- £1,219), although the legacy on dep051t will have had an effert in the inueased Inte￿St receNed.

5taternent of Trustee￿ Responslbllltles Year ended 31" Det+mber2024 The tnetnbers of ihe Kirk Session must prepare financial statements which give sufficient detail to enable an appreuation of the transactions of the Church durinB thè financla1 year. The mefnbeTS of the Kirk Session are responsible for keeping pioper accounting records which. on request, must reflect the Pinancial position af the Church at that time. This must be done to eA5ure that the financial staiements Comply with the Charilies and Trustee Investment Iscctlandl Aa 2(J)5. 1he Charitie5 Accounts (Scotlandl Regulatlons 2006, and the RegLtlations Anent Con8re8ational Finance approved by the General Assembly of the Church of koiland in 2iJ)7. They ore Jlso responslble for safeguarding the a55et. Date; Iz.s.££

Examinerfs Report to the TN5tees ol Parish of PenninGharne Ichurth of Scotlandl I report on the accounts of the charity for the year ended 31 December 2024 which are set out on pages 8 to 14. Re5pert6ve responsibllltles of trustees and examiner The charity'5 trustees are responsible tor the p￿paration of the accounts In accordance wlth the temis of the Charities and Trustee Investment Iscotlandl Act 2(X)S and the Charities Accounts (Scotlandl Regulation5 21)06. The charity truste￿5 consider that the. audit requirement of Regulation Iolllldl of the Account5 Flegulations does not apply. It Is my ￿ sponsibility to examine the accounts as required under section 441lllcl of the Art and to state whether particular matters have come ro my atteAis0n. B•sSs of Independent examlne¢s Statement My examinatlon Is carried out in accordance with Regulatlon 11 of the Charitles Accounts15cotlandl Régulations 2006. An examlnation includes a review of the accounting records kept by the charity nd a compari50n of the accounts presented with those records. It also Include5 conslderatlon of any unusual items or disclosures in the accounts. and seeks explanations from the tru5tee5 concerning any such matters. The procedure5 undertaken do not provide all the evidence that would be quired in an audlt, and consequently I do not express an audit oplnlon on the accounts. Independent examlnerfs statsmenl In the course of my examination. no matter has corne to my attentlon which 8ives me reasonable cause to believe that In any material respect the requirements: to keep accounting records in accordance with Section 441111al of the 2QK15 Act and Regulation 4 of the 2¢X16 Accounts Regulation5. and to prepare accounts whlch accord with the accountinB records and comply with Re8ulation 9 of the 2C(16 Accounts Re8ulation5 have not been met, or 2. to which, in my opinlon, attentlon shoul(J be drawn in order to enable a proper understanding of the accounts to be reached. Chartered AccoLsntant5 Ire Montpelier Professional IGallowayl Lbmited l Dashwood Square Newton Stewart DG8 6EQ an Dale..

Parish of Pennln8hame {Chur¢h of Scotland) Receipts & Payments A(c￿nt Year Ended 31st December 2024 Unrestrkied Funds 2024 RestTlcied Fund5 2024 Endowment Funds 2024 Total 2024 Total 2023 Recei Donations15ee Note 11 Legacies Activitie5 for Generatin8 Funds Bank & Deposit Interest Ir7veslment Income 79335 1.732 81.067 75,817 45,515 1.863 24.884 106.082 1,863 25,641 108,571 1,219 19,823 142.374 757 1.732 631 Rentol of premises (see Note 6J Sale of investments Grants Presbytery M&M5 Discretionary Fund Other Recelpts (see Note 7) Penninghame Guild TOTAL RECEIPTS 6.586 6.586 8.887 121 121 141 619 2,351 619 648 112.789 757 115.897 152.050 Pa ments Isee Note 21 Cost of generating funds Charitable activities Penninghame Guild Governance costs pur¢￿aSe of Equipment TOTAL PAYMENTS 129 116,052 129 118.336 700 136 91.859 833 795 J.932 700 352 1.332 J14 1,332 114 1,119 94,742 117.627 2,632 352 120.611 Exttss of Receipts over Payments .for the year belore transfrrs Transfers (unrestricted to restrlctedl {4.838) (281) 405 14,714) 57,308 Ex¢855 of Recelpts over Payments for the yÈar 14.8381 12811 405 14,7141 57,308

Parlsh of Penninghame Ichurch of Scotlandl Statement of Balances st As at 31 December 2024 Unrnstrict•d Rostrict•d Endowm•nt Funds Funds Funds 2024 2024 2024 Total 2024 Total 2023 ank slt Balance Bank & Deposit Balances brought forward 82.167 1.140 1.$06 85,113 27.805 Mov•ment in year: Excess of Receipts over Payments for the year 148381 12811 405 {4,7141 57,308 Bank & Deposit Balances carried forward 77,329 859 2,211 80,399 85,113 Bequest Funds Bennan Trust 13,958 13,958 13,832 424,527 424,527 420,689 434.521 438.485 434,521 Funeral (December) HMRC (Gift Aid tax to recover) Grant (LP of Worship) 1,302 1,302 1.480 1,302 1.683 Ll bllitle Loan from General Trustees The accovnts were approved by the Klrk Session on 12, March, 2025 For and on behalf of the Kirk Session Jenny Burns. Session Clerk Pauline J Ekern, Treasurer

Parlsh ol Pennln8hame {Chur¢h of Scotland)- Notes to the JAounts Unre5trfcted Restrfcted Endowment Funds Funds Funds 2024 2024 Totsl 2024 Totsl 2023 l. Analy515 of Donatlon$ Gift Aid t)onations Tax Recovered on Gift Aid FWO Scheme (non Gift Aid) Ordinory Offerings (Open Platel Other offerings, Donations, etc. National Giving Dav Conzesational orÉanisation Outreach 41,663 12.199 3,074 15.699 6.7(M) 42,163 12,199 3.074 15,699 0,7 37,876 10,230 3,294 15.194 8,590 447 785 81,067 257 374 75,817 785 1,732 79.335 2. Analys59 ol Donltlons Cost ol G•ner•tln8 Fun Fund ralsin8 expenses r)fferlng envelopes 122 129 122 129 129 136 Charltable actlvltle5 Mlnlstrles & Mlssion allocation P￿$bytery dues MSnister's expenses Pulpit supply Other staffing costs Fabrlc fepalrs & malntenance Councll tax Heat &118ht Insurance Other building costs Or8an and music Prlntln8 & stationery Loan repayment5 Iln¢. Interest) Coneregational organisations Outreach Expenses- Qther 48.436 1,505 3.097 48,436 1,505 3,097 46.437 1.50S 3,031 8,914 22,971 2,951 14,W6 4,238 116 836 3.317 8,914 23.471 2,951 14,906 4.238 116 836 3,317 12,547 4,028 2,880 7,253 4,042 300 1,083 3,373 SOD 914 2.441 1,410 116.052 447 785 200 L932 1,361 3.226 1,962 118,336 1,336 1.709 2,335 91,859 352 352 Plnnlnghame Gulld 700 833 G¢wernance Costs Independent examine¢s fees Other payments Purchase of Equipment 1.332 1332 795 114 114 1,119

1. M¥Mment In Funds Asattst As at 31st January Z024 December 2024 R•celpts Payments Transf•rs Unrestrlcted Funds General Fund General SavlnFJ Account Reserve Fund Nelson Legacy Des. Con. Organisation Fund Deslgnated Outreach Fund Designated Fabric Fund Des18nated Manse Allowance Fund 6,930 112,777 12 1112.2441 5.487 12,950 14 18,850 45,515 29,CfAI 45,515 110,1501 19141 2,4411 1141 12,C1141 1117,6271 914 2.441 181 22 7LX) 82167 112,789 77,329 R•strlct•d Funds CongreEatlonal Organlsations Fund Outreach Fund Fabric Fund Congre8ational Yauth Fund Penninghame Guikl Fund 447 14471 17851 15CQI 120)) 17001 2.632 785 6C() 340 619 259 1.140 2.351 859 Endowmint Funds McLean Bequest Dou8las Mortificatlon Trust Ewart Bequest Kelly Bequest Kerr Bequest S89 392 204 13001 1521 681 535 383 29 37 154 134 671 133 804 1,806 757 13521 2,211 TOTAL FUND5 15.113 I15￿97 IIZO.6111 80,599 f Unrestrlrted Fu General Fund: Funds used for the day lo day income and expendlture of the church and to receNe and pay oul collecllons to selected charlties. Reserve Fund: to hold any surplus fund5 generated by the church for use in future prohcts and to move in and out of the General Fund5 10 maintain a workin8 balance. Nelson LeBacy: Unrestrlcted Pur Oses of Desi nated F nd Con8re8ational Or8anisations Fund: Funds set askle by the Trustee5 for the work carried out by Church org?ni5ations. Outreach Fund: Fund5 set aside by the Trustees fDr the work of the Church within the wider local communbiy. li

Fabric Fund.. Fund5 set aslde by the Trustees for specffic repair and alteration projects to the Church. hall and Manse. Manse Allowance Fund: Funds set aside by the Trustee5 for the purpose of ongoing redecoration and the replacement of minor fixtures and ftttings at Manse. of Restricted Funds Congregational Organisations Furrfl: Donations 8Nen specifically for work carried out church organisations such as Sunday Club. Outreach Fund: Donations given speclflcally for the work of the church within the wlder community. Fabric FurKI: Funds lor Specific repair and alterntion projects to the Church. Youth Fund.. to provide social activities for secorKlary school aged members of Sunday Club. Penninghame Si John's Gulld Fund: to be used for Guild income and expenditure purposes and to receive and pay out collections to selected charities. McLean 8equest: assistin6 those schooled in the parish, as bursaries durin8 Arts and Dlvlnlty courses at any Scott15h University. Douglas Mortification Trust: for the benefit of the poor In Pennin8hame Parlsh as directed In It5 orl8lnal Trust Deed. Ewart Bequest: provtdln8 coals to the poor of the parlsh. Kelly Bequest: providln8 annual entertalnment for the poor of the parlsh. Kerr P4equest'. to benefit the slck and alllng of the parish. It w05 proposed and a8reed that ihe purposes of the 8equest Fund be adopted as follow5, as belng compllclt wlth OSCR'S (leflnltlon of "Rellef of Poverty: Flnanclal. Emotional and Physical Need5. ie utility Costs, emergency overnight accommodation. Iransport to and from thvrth, unifoms, wintèr coats and shoes, transport to relatives or hospital. Ail the above funds ire allocated at the 501e dlscretlon of the Minister of the parish. Inv•stmont Income In 2010 the Con8re8ation became the beneficlary of the Income frorn the Bennan Trust, whose capltal comprises a holdin8 of 4% Consolidated Loan Stock and a holdinB of 3.5% War Stock. On inception the holdings had a market value of £31S,534. There Is provislon for the Trust to be brought to an end in 2060 Sn favour of the Parish of Pennin8hame, failing whieh, the General Trustees of The Church of Scotland. In early 2015 the Government redeemed both of the above holdln85 and the Trusteès of The Bennan Trust have now relnvested the capital in the Income Fund of The Church of Scotland Investorf Trust. The dlstrlbution of Income in this Income Fund was paid at the rate of 30 per unit Ippul in Marth and September which Is back up to the level generaied prior to the Covi(I pandemic. The Deposit Fund ha5 continued to benefit from increases in interest rates as the Bank of England Base Rate has Increased. The annuol rate rose to 5.07% for the quarter to 30th September 2024. compared to the same period in 2023 which was 4.8% 12

1. Analysls of Con8regational Organisatlon and Outreath Funds 2024 Net Cost 2023 Net Cost £ re nls Rttelpts Payments Blbl• Study foups Books 62 (621 11421 Sund•y Club Prlzes Aclmty materlaLs Gifts & presents Hall hlre Ixmas partyi Summer OYiiNd 7 Sessions 176 29 98 633 1633) 11191 IB251 {iiz} Ps¥lms and Str•t¢hes l)onailons 666 447 I,J61 19141 Ilm791 Outreach Wre•lh M•klni Oonailons 385 Maierlals 390 151 HolSd•y aub Donalions 3rt7 Artlvlty fflaterlals Refreshment5 Cellldh band L749 266 350 2.365 12,0181 11,0561 turd•y SD£hl Quix 25 1251 ChrSstm•s TM• FJtlv*l Mince ples Band 54 154 1154) 11921 Day outlcat¢rlnFJbooks Alpha Course Donations 53 292 11591 188) 785 3,216 12A411 11.3361

2. Contrlbutlons to Costs (Rental of Premlses) 2024 2023 No. Funerals Weddlngs Hall Lets zo 26 350 Z,557 8,887 31 13

3. Other Re¢eipts

4. Collectlons for Thlrd Parties 2024 2023 Pennlnzhame Churth Guide Dogs for the Olind Eggshell Carnb¢dla ChrlstSan Aic Bethany Trust Workl Mission 255 246 270 $69 1.930 325 1.966 3,310 3.349
5. Mini5tees Stlpend All Church of Scotland Cong￿gationS contribute to the Giving to Grow Fund whKh beèrs the cost of all ministers, 51ipeids ard employers, contributions foi National In5urancÈ, pension and housin and loan fund. Ministers. stipend5 are pald in accordance witl? the national stipend scale, which Is related to years of sp.ry1￿. For the year under ￿vieW the mlnimum Stipend was £31.642 and the maximum stipend lin the W and subsequent year5 of 5eryice) £38,884. io. Trustee Remuneratlort and Related Party Transartion During the year one Trktst@È receNed relmbursemeni of expen5e5 incurred totalling £6.048 for Council Tax. telephone and travel costs. The total amount of unrestrif.ed donations mado bv Trustees d￿￿￿E Ihe year amountsto £7,755. Durin8the year, a dose family rnernb•r of chamber5 (Trusteel received £1.700 as relief organist. There were no further related party transactions during the year. Charity Trustee Liability Insurance is provlded ty our policy with Church of Scotland Insurance Seti¢icès Ltd, wholly owned by the General Trustees of the Chur(h of Scotland. 14