## **Cong. Ref No. 251526**
## **LEVEN PARISH CHURCH CHURCH OF SCOTLAND**
## **Trustees' Report and Accounts**
## **For the Year Ended 31 December 2024**
**Scottish Charity No. SC031969**
## **Leven Parish Church**
## **Year ended 31 December 2024**
||**Pages**|
|---|---|
|**Contents**||
|Trustees' Annual Report|**1 to 4**|
|Independent Examiner's Report to the Trustees|**5**|
|Statement of Financial Activities|**6**|
|Balance Sheet|**7 to 8**|
|Notes to the Accounts|**9 to 15**|
**Leven Parish Church**
## **Trustees' Annual Report Year ended 31 December 2024**
The trustees present the annual report and financial statements of the charity for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the General Assembly Regulations for Congregational Finance, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and Accounting and Reporting by Charities; Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014.
## **Reference and Administrative Information**
Scottish Charity Registration Number SC031969 Principal Office: Church Office Durie Street Leven Fife KY8 4HA **Principal Office Bearers:** Minister Ministry Development Staff Session Clerk: Deputy Session Clerk: Church Treasurer:
## **Kirk Session:**
1
**Leven Parish Church**
## **Trustees' Annual Report Year ended 31 December 2024**
## **Independent Examiner:**
Paterson Boyd & Co. Chartered Certified Accountants 8 Mitchell Street Leven Fife KY8 4HJ **Bankers:** Royal Bank of Scotland 23/25 Roslyn Street Kirkcaldy
## **Structure, Governance and Management**
The congregation is a registered charity, number SC031969 and is administered in accordance with the terms of the Deed of Constitution (Unitary Form) and is subject to the Acts and Regulations of the General Assembly of the Church of Scotland.
The 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. The Kirk Session, which meets three times a year, is responsible for spiritual affairs with the church. The temporal affairs are handled by Committees who report to Session.
## **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.
Leven Parish Church of Scotland has been linked with Kennoway, Windygates & Balgonie St Kenneth's since 22[nd] October 2023. of reserves which would enable them to
Until 13[th] October 2024 services were held at 11.30am. From 20[th] October 2024 services have been held at 10.00am. This will be reviewed in September 2025.
## **Achievements and Performance**
Our Congregational Roll now stands at 262 a reduction of 17 from our roll the same time last year.
The congregation continues to provide outreach to our community. The coffee mornings on Tuesdays (closed July and August) have been well received and offer a time of fellowship for members of the community. It has also provided a source of income for the church. We still offer Pastoral Care and personal service in other organisations. From November 2024-March 2025 we are offering a Warm Space session once a week for those in the community who feel isolated/lonely and who may have financial struggles. We provide free soup and sandwiches. The funding for this was granted after an application to Fife Council. Our Gift Day on the first Sunday in Advent provided Christmas presents for Levenmouth Homestart, a charity for disadvantaged families in the area. We continue to be able to provide a meeting place for our Guild and Toddler Group. Since August 2024 we have also provided a meeting place for Leven Brownies.
Our thanks as always are due to all who hold office in our groups and committees for the work they do and to those who have, over many years, worked to maintain and where possible improve the fabric of our church and halls.
Thanks are also due to our Minister, and members of Kirk Session.
We pray that they will all continue to receive God’s blessing to carry out their work in the years to come, and that many more of our members will come and join them to carry out he duties to enable Leven parish church to be relevant and purposeful in the community. Our mission development worker work has been unwell for the majority of 2024. We continue to pray for her recovery.
2
**Leven Parish Church**
## **Trustees' Annual Report Year ended 31 December 2024**
## **Risk Management**
The Trustees consider the following to be the main risks facing the charity:
1. The age profile of the members remains high at the older end of the scale. In the future this could affect our income streams.
2. The size and age of the premises mean that there is a risk that a large repair may be required.
3. The increased regulatory framework in a range of areas from child protection and data protection to health and safety and employment places a big responsibility on volunteers.
- One of the results of the third risk is that it is vital that we find volunteers with the skills and competence to carry out
- 4. these tasks.
The Trustees are taking the following steps to mitigate these risks:
1. The average age of the congregation, in line with other churches, is increasing every year so we are encouraging more members to become more active. We are trying to encourage more members to become Trustees. Our Stewardship Committee are looking at ways to increase our income.
2. As noted below in the reserves policy, the Trustees have ensured that adequate reserves are in place to enable the Church to cope with the expenses of unexpected repairs.
3. The Trustees ensure that they keep up to date with all current regulations as regards child protection, health & safety and employment law and adopt any recommended changes to procedures required.
## **Financial Review**
Ordinary giving is still insufficient to meet the normal day to day running of the congregation therefore regular fundraising activities are required in order to balance our budget.
The Statement of Financial Activities on page 6 shows a net surplus for the year of £15,005 (2023: deficit £1,363). Funds at the year end totalled £83,083 (2023: £68,078) and the detail of the net assets held at 31 December 2024 can be seen on the Balance Sheet on page 7.
## **Investment Policy and Performance**
The Church holds investments in the Growth and Income Funds of the Church of Scotland Investors Trust, as is authorised by the Deed of Constitution. No further external investments are held. Dividends of £936 (2023: £820) were received from these investments in the year. Details of investments are provided on note 9 to these financial statements.
## **Reserves Policy**
The Trustees endeavour to maintain a level of reserves which would enable them to meet 3 months expenditure which would be approximately £20,000. At the year end the Church held £80,652 of unrestricted funds (including designated funds) some of which are capital and can only be applied to fabric work, which equates to approximately 12 months of expenditure.
3
**Leven Parish Church**
## **Trustees' Annual Report**
## **Year ended 31 December 2024**
## **Trustees’ Responsibilities in Relation to the Financial Statements**
The charity’s trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in Scotland requires the charity trustees to prepare financial statements for each year which show a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the method and principles in the applicable Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any
- departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will
- operational existence.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustees Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information on the congregation’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the Trustees and signed on their behalf by:
Date:
Session Clerk
4
**Leven Parish Church**
## **Independent Examiner's Report to the Trustees of Leven Parish Church Year ended 31 December 2024**
I report on the accounts of the charity for the year ended 31 December 2024, which are set out on pages 6 to 15.
## **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 (as amended). The charity trustees consider that the audit requirement of Regulation 10 (1) (a) to (c) 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 (as amended). 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.
## **Basis of independent examiner's statement**
In the course of my examination no matter has come to my attention:
1. 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 (as amended), and
- to prepare accounts which accord with the accounting records and comply wit Regulation 8 of the 2006 Accounts
- Regulations (as amended) have not been met, or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date:
Paterson Boyd & Co Chartered Certified Accountants 8 Mitchell Street LEVEN Fife KY8 4HJ
5
## **Leven Parish Church**
## **Statement of Financial Activities Year ended 31 December 2024**
|**Note**
**Income and endowments from:**
Grants, donations and legacies
**1**
Charitable activities
**2**
Other trading activities
**3**
Investments
**4**
**Total income**
**Expenditure on:**
Raising funds
**5**
Charitable activities
**5**
**Total expenditure**
**Net (expenditure)/income before gains**
**and losses on investments**
**Net (expenditure)/income**
Transfer between funds
**6**
**Net movement in funds**
**Reconciliation of Funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**Funds**
**2024**
**£**
**62,502**
**4,306**
**4,083**
**17,879**
**88,770**
**150**
**78,837**
**78,987**
**9,783**
**4,311**
**14,094**
**1,800**
**15,894**
**64,758**
**80,652**|**Restricted**
**Funds**
**2024**
**£**
**-**
**4,017**
**-**
**-**
**4,017**
**-**
**3,106**
**3,106**
**911**
**-**
**911**
**( 1,800)**
**( 889)**
**3,320**
**2,431**|**Endowment**
**Fund**
**2024**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total**
**2024**
**£**
**62,502**
**8,323**
**4,083**
**17,879**
**92,787**
**150**
**81,943**
**82,093**
**10,694**
**4,311**
**15,005**
**-**
**15,005**
**68,078**
**83,083**|**Unrestricted**
**Funds**
**2023**
**£**
57,944
11,990
2,015
4,293
76,242
34
82,131
82,165
( 5,923)
3,486
( 2,437)
1,000
( 1,437)
66,195
64,758|**Restricted**
**Funds**
**2023**
**£**
-
3,637
-
-
3,637
-
2,563
2,563
1,074
-
1,074
( 1,000)
74
3,246
3,320|**Endowment**
**Fund**
**2023**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Total**
**2023**
**£**
57,944
15,627
2,015
4,293
79,879
34
84,694
84,728
( 4,849)
3,486
( 1,363)
-
( 1,363)
69,441
68,078|
|---|---|---|---|---|---|---|---|---|
6
## **Leven Parish Church**
## **Balance Sheet as at 31 December 2024**
## **Fixed Assets**
Investments
**Total Fixed Assets**
**Current Assets**
Debtors Bank and cash
## **Total Current Assets**
## **Creditors**
Creditors falling due within one year
**Net Current Assets**
## **Net Assets**
## **The funds of the charity:**
General funds Designated funds Restricted Funds
**Total Funds**
|**Note**
**9**
**10**
**11**
**12**|**Unrestricted**
**Funds**
**2024**
**£**
**53,573**
**53,573**
**3,205**
**25,539**
**28,744**
**( 1,665)**
**27,079**
**80,652**
**3,013**
**77,639**
**-**
**80,652**|**Restricted**
**Funds**
**2024**
**£**
**-**
**-**
**-**
**2,431**
**2,431**
**-**
**2,431**
**2,431**
**-**
**-**
**2,431**
**2,431**|**Endowment**
**Fund**
**2024**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total**
**2024**
**£**
**53,573**
**53,573**
**3,205**
**27,970**
**31,175**
**( 1,665)**
**29,510**
**83,083**
**3,013**
**77,639**
**2,431**
**83,083**|**Unrestricted**
**Funds**
**2023**
**£**
49,262
49,262
2,841
14,435
17,276
( 1,780)
15,496
64,758
510
64,248
-
64,758|**Restricted**
**Funds**
**2023**
**£**
**-**
-
**-**
3,320
3,320
-
3,320
3,320
**-**
-
3,320
3,320|**Endowment**
**Fund**
**2023**
**£**
**-**
-
**-**
-
-
-
-
-
**-**
-
-
-|**Total**
**2023**
**£**
49,262
49,262
2,841
17,755
20,596
( 1,780)
18,816
68,078
510
64,248
3,320
68,078|
|---|---|---|---|---|---|---|---|---|
7
**Leven Parish Church**
## **Balance Sheet as at 31 December 2024**
Continued…......
For and on behalf of the Kirk Session and Congregational Board
**----- Start of picture text -----**
…...........................................................................
Session Clerk
…...........................................................................
Treasurer
**----- End of picture text -----**
8
**Leven Parish Church**
## **Notes to the financial statements for the year ended 31 December 2024**
## **General information**
The charity is a public benefit entity, registered as a charity in Scotland.
## **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.
## **Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities accounts (Scotland) Regulations 2006 (as amended).
## **Fund accounting**
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 donors 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 therefrom 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.
## **Income**
All donations and gifts are included within incoming resources under either unrestricted, restricted or endowment 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
## **Expenditure**
Expenditure is recognised on an accruals basis as the liability is incurred.
## **Tangible Fixed assets**
The charity has the right to occupy and use for its charitable objects certain tangible fixed assets, including the Church, halls 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 expenditure in the statement of financial activities in the period in which the liability arises.
## **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**
Leven Parish Church of Scotland 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 expenditure therefore includes irrecoverable input VAT.
9
## **Leven Parish Church**
## **Notes to the financial statements for the year ended 31 December 2024**
|1.**Grants, donations and legacies**
Offerings
Tax recovered on Gift Aid
Legacies
Grants
2.**Income from charitable activities**
Weddings and Funerals
Sale of Life & Work
Charitable Activities
Coffee Mornings/Lunches/Sunday Break
**3. Other trading activities**
Use of Premises
Fundraising
4.**Investment income**
Dividends Received
Deposit Interest Received
Bank Interest|**Unrestricted**
**Funds**
**2024**
**£**
**52,068**
**7,195**
**-**
**3,239**
**62,502**
**760**
**126**
**1,070**
**2,350**
**4,306**
**1,750**
**2,333**
**4,083**
**936**
**16,494**
**449**|**Restricted**
**Funds**
**2024**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**4,017**
**-**
**4,017**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**Funds**
**2024**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total**
**2024**
**£**
**52,068**
**7,195**
**-**
**3,239**
**62,502**
**760**
**126**
**5,087**
**2,350**
**8,323**
**1,750**
**2,333**
**4,083**
**936**
**16,494**
**449**|**Unrestricted**
**Funds**
**2023**
**£**
47,844
10,100
-
-
57,944
1,550
210
6,040
4,190
11,990
1,885
130
2,015
820
3,086
387|**Restricted**
**Funds**
**2023**
**£**
-
-
-
-
-
-
-
3,637
-
3,637
-
-
-
-
-
-|**Endowment**
**Funds**
**2023**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Total**
**2023**
**£**
47,844
10,100
-
-
57,944
1,550
210
9,677
4,190
15,627
1,885
130
2,015
820
3,086
387|
|---|---|---|---|---|---|---|---|---|
**-** - - **17,879 17,879** 4,293 4,293
10
## **Leven Parish Church**
## **Notes to the financial statements for the year ended 31 December 2024**
|5.**Analysis of Expenditure**
**Raising Funds**
Offering envelopes
**Charitable Activities**
Ministries and mission allocation
Presbytery dues
Minister’s expenses
Pulpit supply
Other salary costs
Fabric repairs and maintenance
Other building running costs
Church office expenses
Organ and music
Life & work expenses
Other expenses-groups
Professional fees
**Total**|**Unrestricted**
**Funds**
**2024**
**£**
**150**
**150**
**33,092**
**1,750**
**-**
**43**
**13,566**
**7,441**
**13,322**
**2,917**
**1,440**
**126**
**3,967**
**1,173**
**78,837**
**78,987**|**Restricted**
**Funds**
**2024**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**3,106**
**-**
**3,106**
**3,106**|**Endowment**
**Funds**
**2024**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total**
**2024**
**£**
**150**
**150**
**33,092**
**1,750**
**-**
**43**
**13,566**
**7,441**
**13,322**
**2,917**
**1,440**
**126**
**7,073**
**1,173**
**81,943**
**82,093**|**Unrestricted**
**Funds**
**2023**
**£**
34
34
37,058
1,749
-
2,780
12,661
8,990
12,364
2,219
1,440
210
1,520
1,140
82,131
82,165|**Restricted**
**Funds**
**2023**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
2,563
-
2,563
2,563|**Endowment**
**Funds**
**2023**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Total**
**2023**
**£**
34
34
37,058
1,749
-
2,780
12,661
8,990
12,364
2,219
1,440
210
4,083
1,140
84,694
84,728|
|---|---|---|---|---|---|---|---|---|
Support costs have not been separately identified as the trustees consider there is only one charitable activity. Therefore support costs relate wholly to that activity and have not been separately identified.
11
**Leven Parish Church**
## **Notes to the financial statements for the year ended 31-Dec-24**
|6.**Transfer between funds**
From Congregational Organisations to General Fund
7.**Staff Costs and Numbers**
Salaries and wages
Social security costs|**Unrestricted**
**Funds**
**2024**
**£**
**1,800**
**1,800**|**Restricted**
**Funds**
**2024**
**£**
**( 1,800)**
**( 1,800)**|**Unrestricted**
**Funds**
**2023**
**£**
1,000
1,000
**2024**
**£**
**11,379**
**2,187**
**13,566**|**Restricted**
**Funds**
**2023**
**£**
( 1,000)
( 1,000)
**2023**
**£**
10,342
2,319
12,661|
|---|---|---|---|---|
The average number of part-time employees during the year, calculated on the basis of a head count was as follows:
|Administration
Music staff
Premises maintenance|**2024**
**1**
**1**
**1**
**3**|**2023**
1
1
1
3|
|---|---|---|
No employee had employee benefits in excess of £60,000.
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 accordance with the national stipend scale, which is related to years of service. For the year under review the minimum stipend was £31,462 and the maximum stipend (in the 5[th] and subsequent years) £38,884.
12
**Leven Parish Church**
## **Notes to the financial statements for the year ended 31 December 2024**
## 8. **Trustee Remuneration and related party transactions**
During the year the Minister received reimbursement of expenses incurred of £nil (2023: nil). In addition the following members of the Kirk Session received salaries for secretarial services: received £3,081 (2023: £2,964).
During the year a total of £12,639 was donated to the congregation by the Trustees.
9. **Investments**
|9. **Investments**
Market value/cost at 31 December 2023
Disposals
Interest received
Unrealised (loss)/gain on investments
Market value at 31 December 2024
Investments at cost
The following investments are held:
**Growth Fund – Unit Price at 31.12.23: £5.83**
**Income Fund – Unit Price at 31.12.23: £10.96**
10.**Debtors**
Gift Aid tax refund due
11.**Creditors**
Accruals
Accruals - Independent examiner's fee
Accruals- other taxes and social security costs
2. The Gourlay Bequest: 5,340 units (original cost £18,401)
1. The Gourlay Bequest: 360 units (original cost £4,334)
1. Young Church: 2,433 units (original cost £10,000)|**2024**
**£**
**49,262**
**-**
**-**
**4,311**
**53,573**
**32,735**
**15,522**
**34,069**
**3,982**
**53,573**
**3,205**
**-**
**1,197**
**468**
**1,665**|**2023**
**£**
45,776
-
-
3,486
49,262
32,735
14,184
31,132
3,946
49,262
2,841
35
1,164
581
1,780|
|---|---|---|
13
**Leven Parish Church**
## **Notes to the financial statements for the year ended 31 December 2024**
|12.**Movement in Funds**
**Restricted Funds**
Flower Fund
Pastoral Care
Toddler Group
Drama Club
Guild
Harmony Concerts LPC
Bible/Hymn Book Fund
Benevolent Fund
**Total Funds**
**Unrestricted funds**
**Designated funds:**
Gourlay Bequest
Fabric Fund
Hall Curtains
Young Church
General Fund
Total Unrestricted
Total Funds|**At 1 Jan**
**At 31 Dec**
**2024**
**Income Expenses**
**TransfersRevaluations**
**2024**
458
929
( 716)
( 100)
-
571
433
-
-
-
-
433
152
418
( 266)
( 200)
-
104
1,000
50
( 1,040)
-
-
10
758
2,620
( 1,084)
( 1,500)
-
794
2
-
-
-
-
2
468
-
-
-
-
468
49
-
-
-
-
49
3,320
4,017
( 3,106)
( 1,800)
-
2,431
30,604
936
( 10)
( 1,450)
36
30,116
16,391
17,045
( 7,441)
-
2,937
28,932
1,294
-
-
-
-
1,294
15,959
-
-
-
1,338
17,297
64,248
17,981
( 7,451)
( 1,450)
4,311
77,639
510
70,789
( 71,536)
3,250
-
3,013
64,758
88,770
( 78,987)
1,800
4,311
80,652
68,078
92,787
( 82,093)
-
4,311
83,083|
|---|---|
## Purposes of Restricted Funds
Funds raised from organisations within the church are raised with the specific purpose of funding their function and as such are restricted
## Purposes of Designated Funds
**Fabric Fund** : The Trustees have set aside funds for the maintenance of the church property.
Income from the **Gourlay Bequest** can only be used for upkeep and maintenance of halls. This money was left to the Guild and is governed by trustees from Guild and Session.
**Young Church** : The Trustees have set aside funds to support the activities of the Young Church
14
**Leven Parish Church**
## **Notes to the financial statements for the year ended**
## **31 December 2024**
## 13. **Analysis of Net Assets Among Funds**
|Investments
Current Assets
Current Liabilities
**Net assets at 31 December 2024**
**Analysis of Net Assets Among Funds**
Investments
Current Assets
Current Liabilities
**Net assets at 31 December 2023**|**General**
**Funds**
**2024**
**£**
-
4,678
( 1,665)
3,013
**General**
**Funds**
**2023**
**£**
-
2,290
( 1,780)
510|**Designated**
**Funds**
**2024**
**£**
53,573
24,066
-
77,639
**Designated**
**Funds**
**2023**
**£**
49,262
14,986
-
64,248|**Restricted**
**Funds**
**2024**
**£**
-
2,431
-
2,431
**Restricted**
**Funds**
**2023**
**£**
-
3,320
-
3,320|**Total**
**2024**
**£**
53,573
31,175
( 1,665)
83,083
**Total**
**2023**
**£**
49,262
20,596
( 1,780)
68,078|
|---|---|---|---|---|
## 14. **Analysis of Net Assets Among Funds**
## 15. **Volunteers**
In common with all congregations of the Church of Scotland the congregation benefits from the contribution made by volunteers who give their time and talents willingly for the benefit of the Church. The areas of congregational life which rely on the contribution of volunteers are many and varied and much of the activity would be unable to continue were it not for the commitment shown
15
**Leven Parish Church**
## **Notes to the financial statements for the year ended**
## **31 December 2024**
## **APPENDIX 1**
## **FUNDS HELD ON BEHALF OF THE CONGREGATION**
## **BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES**
|**CAPITAL**
Credit Balances held at 1 January 2024
Transfers between funds
Credit balance at 31 December 2024
**REVENUE**
Credit Balance at 1 January 2024
Dividend received on capital account
Dividend received on revenue account
Property costs
Administration charge
Revenue released to Balance sheet
Credit balance at 31 December 2024
**TEMPORARY ACCOUNT**
Credit balance at 31 December 2024|**2024**
**£**
302,907
-
302,907
3,213
15,722
175
( 8,073)
( 1,198)
9,839
( 9,839)
-
-|**2023**
**£**
3,936
298,971
302,907
437
2,764
16
-
( 4)
3,213
( 3,213)
-
-|
|---|---|---|
Capital account is income generated from the sale of Scoonie Manse and St Andrews Church (including Bain Hall).
16