Dundee Lochee Parish Church of Scotland
Trustees' Annual Report and Accounts For Year Ending 31 December 2024
Congregation No: 291731
Scottish Charity No: SC033313
Lochee Parish Church of Scotland Trustees, Report Year ended 31 Deeember 2024 The Trustees pr¢sent their annual report and financial statements of the charity for the year ended 31 December 2024. The financial slatements have been prepared in accordance with the a¢¢ounting policies set out in note I to Ihe accounts and comply with the General Assembly Regulations for Congregational F inance, the Charities and Trustee Investment (Scotland) Act 2005, th¢ Charities Accounts (Scotland) Regulations 2006 (as amended) and Accounting and Reporting by Charities.. Sialem¢nt of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irel&nd effective l January 2019. 0ECT[vEs AND ACTVITIES Th¢ Church of Scoiland is Trinitarian in docirine, Refornjed in trddition and Presbyterian in polity. It exists to glorify God and lo work for the advancement of Christ's Kingdom throughout the world. As a national Church. il acknowledg¢s 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 llnd beyond. ACTIVITIES OF LOCHEE PARISH CHURCH YOUTH ACTVITIES 6"rnlh DUNDEE BOYS. BRIGADE Founded back in 1890, the 6thl8th Duftdee has a long history where tradition is valued. That having said, the importance of the BB being relevani and engagin¥ in today's society is fully acknowledged and th¢ Leaders Strive to ensure the Progrwmrne is vaTied, exciting. challenging and fun-filled. Badge Classes, lois of Inter. Squad Spon$. Competitions. Battalion and National Compelilions, Day Trips. Weekend Aciivilies, Ourings, and Annual Summer Canvas Camp . midweek A¢iivilie5 and the t¢4ching of piping and thumming lo serye our Pipe Band- all form part of our PTogramme. Our cuent rnember5hip is circa 160+ over all (4) Sections, all fully supported by a dedicated group of thlented and selfless volunteer Leaders, making the Company one of the largest in the Couniry. The VISION of the BB is io allow Children and Young People'live life to the fiJll" (John 10..10): it's MISSION is to e allow them io learn. grow and dis¢over in a safe hnd carin8 environment rooted in the Christian Faiih. Ilopefully in the 6th18th Dundee. we anain bo¢h ihese Out¢ome$. ' THE ADVENTURE BEGINS HERE.... 5th Dundee Girls Brigydde report The company meets on a Friday evening. and we have 26 girls on the roll with about 20 regular attenders. The 2023 24 session we have be¢n working on teamwork and a¢tivilies include a variety of craft, physical and spiritual. Chrislmas fun niv.hts were held in December with food. fun and fellowship. One of our new trainee leader5 Ind two of her medical student friends gave up a Friday evening to teach the gir15 CPR training. All participated fully. We welcomed a I, ,li'l fii11'1 Ir), Iliii. ce who sadly closed their company due to red li Tll. T'.i.IiilThi'r delighted to haN'e in ihe team. We have been working without Ihe 'over 80 rulL hili 11 i ,'IfL %1 111 l)(ii)ii)g for that to change. of girls Ju¢ to And Sadly. as decided to give up as leader. We will miss her inputl We welcom¢ all girls trotn Pl io 5,6 to join us on a Friday evening.
Dundee Lochee Parish Church of Scotland Trustees, Report {Cont'd) Year ended 31 December 2024 ACHIEVEMENTS AND PERFORMANCE 2024 was a key year for L(Khe¢ Parish Church, for after the many hiccups in union discussions in 2023. finalty progre55 began to k made. The catalyst for this was undoubtedly a joint Kirk Session conference held in February und¢r the auspices of the Pr¢Sbtcry of Perth Planning Team. It was well attended and. crucially, people began to g¢t lo know each other. By early June a second joint Kirk Session conference had agreed on the name of the united congr¢8alion - Dund¢e.' Westgail (Church of Scoiland). This was the preferred name by a large margin of those voting. Bases of Union were finalized over the summer and on I S September voting by the five Congregations Mtho would forn] the union look place-. Cainperdown, Lochee, Logie and St. John's Cross. Menzieshill and Dundee Wesl. The result of Ihal vole was an overwhelming decision to approve the Basis of Union and Basis of Team Ministry by a totsl overAII of 165 10 10. Work then began on finding office-bearers for the new Union and organizing Committees. To our astonishment this proved to be much more straightforward than aniicipaled, so thai by the end of 2024 all posts were filled except for Propety Convener. The joint group of Treasurers is to be commended for achieving hamionization of accouni processes wiihin a short three-monih lime window, so that the legal start dale of the new union Lould be l January 2025. OUTREACH By necessity much of our energy in 2024 h&s been spent on organizing and preparing for the new union. Neverthel¢s5. outreach continued, almost by default. Messy Church continued to attract good support from local families and Messy Christmas was particularly well-attended. Lochee's MDS supported a Menzieshill iniiiaiive of Conneci Youth. There was hugely successful Christmas Fayre in November that nol only raised £2000 bul was attended by a large number of folk from both congregalion and Lommunity. A very positive atmosphere was experienced. Also. jusl before Christmas. Westgail had its Carol Service for the housebound at Loch¢e that was well supported by all five congregations. with one family commentin8 that it was the only Chrisknas eveni ihey could attend in that f¢5tiv¢ season. What has been particularly noticeable on Sundays is the number of visitors who have attended worship, often returning ov¢r s¢v¢ral w¢¢ks. S¢rvic¢s have b¢en 8¢nerally well-atlend¢d with around 50 - 75 each week. It is as if the union achieved, the congregation have relax¢d from the stresses they experienced last year and can now more fully devoie themselves to a warni friendly welcome and. in our new union, to outreach based upon the Five Marks of Mission. In the autumn there was a good turnout in another joint Kirk session event. based on these marks of Mission. with many positive ideas generated. As Lochee Parish Church moves inio being part of Wesigait Church of Scoiland. the early indications are so far positive that little signs of growth may already be 8ppe&ring. We walk forward in that faith and hopc. Task Groups The IA)ch¢e Parish Church's key Strategic Objectives are operated through "Task Groups" with m¢mbcr3 from the Trustees and members of the Congregation. The Groups are "Worship, Pastoral Care, Stewardship. Finance, Property, Safeguarding. and Community Circle.
Trustees, Report (Cont'd) Year ended 31 December 2024 Fin4n¢e Review 2024 was once again a challenging year from a financial viewpoinc however, at year end we achieved our objective and mel all our financial commitments. As usual we were fortunate to have resetves to see us ihrough and we also sold a nwnber of units from our investments to cover property repairs. The main source of income "members contributions" have been impacied due io the loss of key members who have died during the last two >'ears. The ¢urrent economic crisis particularly the continual increase in pri¢¢s has a more difficult cash flow situation, particularly in th¢ ¢arly part of the year requires careful management. INVESTMENT POLICY AND PERFORMANCE The congregation holds units in the Growth and Income Funds and as noted above much of the units in the Church of Scotland Gr0h and Income Fund units were sold in 2021 io assist with the Trinity Project Costs- as a result the Market Value has reduced substanlially. These ¢ held for th¢ long term and had a lower market value in the last two years but have made a bit of recovery in 2024. IUSK MANAGEMENT As reported lasl year the key risk facing the ¢ongregalion is the continual drop in membership. principally through the removal by death of active members. In addilion, we Are an fdgeing congregation with few members below the age of Sixty. Howev¢r. we do have very active youth organisations. with a BB Company of1 $5 boys and a GB Company of 25 8irls. as well as the continuing development of Messy church. Ther¢ is a risk that our income will not be sustainable to meet our commitments and to this end we keep stewardship at the forefroni of our minds. As we move forward in 2025 in the Union of five con8regalions, Campcrdown, Lochee, Menzi¢shill. Logie St John's Cross and Dundee West we hope that financially we will be in a Stronger position financially. RESERVE POLICY We q¢ek io relain Su1clent reserve5 to meet unforeseen cosis and io cover cash flow issu¢s that may arise. We will continue to maintain a reasonable level of Capital and funds to generate incom¢ in the Revenue accounis to perniit Property and l.abric maintsincd to a high level. The charitv Trustees have considered the reserves required and hal'e laken into aLLounl their Lurreiil and future liabilities. It is the Trusl¢¢s' wlicy to hold rcscrves of approximately ninc months expenditure. including desigii&ted funds. At year end the Church held: Ilnrestri¢ted Funds of £62,027 Designated Funds of £ 296.041 R¢strict¢d Funds of £146.825 Provided for th¢ pury)0s¢s a5 sp¢cified at Note 15
Dundee Lochee Parish Church of Scotland Trustees, Report (cont) Year ended 31 December 2024 Siructure, Governance and MAnagemenl The congregation 1$ a registered charity, number SC033313 and is adminisl¢ied in accordance with the terms Deed of Constitution {Unitsry Fomi) and is Subject to the Acts and Regulations of the General Assembly of the Church of Scotland. Members of the Kirk Session are th¢ charity Trustees. The Kirk Session members are the elders of Ihe church and ar¢ chosen from those m¢mber5 of the chUh who are considered to have the appropriate gifts and skills. The minister. who is & m¢mber of the Kirk Session. is elected by the congregation and inducted by Presbytery. The Kirk Session which meets six times a y¢ar and at additional times if it is deemed to be required is responsible for spiritval affairs and F8bri¢ matters. Reference And Adminis¢ra¢ive Infonnation Charity Name Charity Regi8tr*tion Number Congregation Reference Number Dundee Loch¢e Parish Church of Scotland SC033313 291731 Contac¢ Addrejs rustti'% hA%'o sor% i.d duriThk thi. i i Ir 'iiiil t(i il:Ili' lit. I'i'ii%l<L. .Ai)i)r()I dil Session Clerk.. Church TreasuTer'. B&llkers Royal Bank of Scotland High Street Dundee, DD19LY
Dundee Lochee Parish Church of Scotland Year ended 31 December 2024 Trustees, Responsibilities in Relation to the Financial Statements The chartty Trustees are responsibl¢ for pr¢paring a Trustees. annual report and financial statements in accordance with applicable law and United Kingdom AoUnting Sla[ards (United Kingdom Generally A¢c¢pted Accounting Prnctice). The law applicable io charities in Scotland require5 the charity Trustees to prepare financial statements for each year which show a true and fair view of the slate of affair5 of th¢ charity and of the incoming resour¢¢s and application of resources, of the charity for that period. In preparin8 the financial sta*ments, the Truslees are r¢quired to.. select suitable coUntIng polictes and then apply them consistenily. observe the method and principles in the applicable Charities SORP; mak¢ judg¢menls and estimates ihat are reasonable and prudent. Stsle whether appli¢abl¢ accounting standards attd statements of recommended practi¢¢ have been followed. subject to any d¢partur¢s disclosed and explained in the financial stat¢ments. prepare the financial statements on the going ¢on¢ern basis unless it is inappropriate to presume that the ¢harity will continue in operational existence. The Trustee5 are resw)nsible for keepin8 proper 4¢counting records which disclose with reasonable accuracy ai any lime the financial position uf the charity and lo enable them to ensure that the financial statements comply with the Charities and Trustee Invesiment (Scotlandl Act 2005 and the Charities Accounts (Scoiland) Regulations 2006 la5 amended) and the charity'5 Constitution. They 8r¢ also resEKinsible for safeguarding the assels of th¢ charity and hence for takin8 reasonable Steps for the prevention and dcteclion of fraud and other irregularities. The Trustees are responsible for ih¢ maintenance and integrity of the ¢h4rity and financial infornlation on the congregAlion's website. 1£8islation in the United Kingdom governing the preparation aftd dissemination of financial statements may differ from l¢gislation in other jurisdictions. Approved by the Truslees and si8ned on their behalf. Dgte 30 May 2025
Dundee Loehee Parish Church of Scotland Independent Examiner's Report to the Trustees of Dundee Loehee Parish Church Year ended 31 Deeember 2024 I report on the accounts of the charity for the year ended 31 December 2024 which are set out on pages 9 10 18. Resp¢¢tlve responsibilities of Trustees and examiner The charity's Trustees are responsible for the preparation of the accounts in a¢¢ordance with ihe ternis of th¢ Charities and Trustee Investment (Scotland) Act 2(K)5 and the Charities Accounts (Scotland) Regulations 2006 (as amend¢d)- The charity TNslees consider ihat ihe audil r¢quirement of Regulation l O( I l (a) lo {c) of the 2006 Accounts Regulations does not apply. It is my responsibility lo examine the account5 as required under seclion 44(1) (r) of the Act and to state whether particular matters have wm¢ to my attention. B#818 of Independent exminer's $tatemen¢ My examination is carried oul in a¢cordanc¢ with Regulation I l of Ihe Charities A¢counts {Scoiland) Regulations 2006 (as amended). An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts. and seeks explanations from the TrnSes concerning any such matters. The pro¢edures undertaken do not provide all the evidence that would be required in an audi¢. and consequently I do not express an audil opinion on the view given by the accounts. Indepemdent examiner's JtatemeDt In th¢ Lourse ol'my examinalion, no matter has come to my attcnlion which gives me reasonable cause to believe that in any material respeLt the requir¢menls.' to keep ac¢ouniirtg recordy in accordancc wilh stiOn 44{1) (a) of the 2005 Act and R¢gulalion 4 of the 21KI6 Accounts Regulations, and lo prepare account5 whi¢h accord with the accounting records and ¢omply with Regulation 8 of the 2006 Accounts Regulation5 have noi been met, or to which, in my opinion, atteniion should be drawn in order lo enable a proper underslanding of the Aecourtis to be reached. Date:
Dundee L4>chee Parish Church of Scotland Statement of Finan¢i#l Activities Year ended 31 D Nolt Unr¢5trict Dtsiznoted F•nds 2024 Unre5trid Fund5 tk5ignBt bunds 2023 R¢stricied Funds 2023 Totsl 2014 Totsl 2023 2024 2014 2023 Income D()nLl1ions and I¢¥TdL j¢5 Charitable activities Other trading a¢tiviti¢$ Investments Other 41706 IlJ38 14308 759 49.734 11.JJ8 14208 4.949 40J24 6,504 51828 14,613 14,613 190 4,190 43.940 3,559 2,619 Toil Income 12 69 io 3,559 79,273 Expenditure on.. Raising funds Charitabl¢ activities 166 89J29 166 93,620 109.058 3.747 42J12 155J17 4391 Tvtxl eipendiiure 3.47 Iss 42512 17 89.495 4291 Netl¢ip¢ndilurellineome befort gains and I9¢5 on inve5tThen15 (39,987) 3321 5ffj28 (31,138) {211385) 2213 3.559 (14.5131 Net (lossy8atn on inve5tsnents 626 713 7J31 &044 Net (eApend•turtllincibm¢ (39J61) 3.221 14.1192 (2LIM8) {19572) 22lJ 10,8 (&469) Trdnsfers beNeen Funds 4.U94 1.941 {1.94ll Net movemtnt funds (35J66) (874} 14.092 (2L048) (17,631) 272 10090 (&469) Reconeiliaiion ol funds: Toial fvnds brought foTward 296.915 132.731 526,940 114,923 296,643 121,843 533,409 Total funds Tried forward 62.026 296.041 146J25 504W2 97292 29A915 132,733 52&9411
Dundee Lochee Parish Chureh Year ended 31 December 2024 B¥dlAnce Sheet as at 31 Deeember 2024 UDrestritted Funds 2024 Duignt¢d R¢stri¢trd Fund Fund5 2024 2024 Total FlldS 2024 Utllestrithed Fun&8 2023 Designated Funds 2023 Restrict1 Funds 2023 Toial Funds 2023 Note Fixed Assets: Tangible assets Investmen 2YJJ(KI 126,571 41 3W 13.501 290.(M)O 290,3(KJ 122 839 413,139 14.127 112,444 112.444 109,338 109,338 Totsl Flxed Attl 2.( 290,(XIO Current A55¢15 D¢btors C&sh * bank and in hand Tot41 Current AsJet5 S,246 $246 31 88,477 7,104 88.655 95,759 7,104 118,965 126.069 042 042 6,915 6.915 23.395 23,395 48,055 Liabilities Creditors falling due within one year Net Curreot Assels 12 455 12,268 (12,268) 444 6.91 Nel Assets 62.027 29&IM2 1824 504.893 96.915 132733 526 940 The fundj Df the charity: Designated Funds Restrirted incorne fi]nds Unre51rict¢d income fun&% 15 296.041 146.825 027 296,915 132.733 97,292 Tot81 Charlty funds 526.940
Dundee Lochee Parish Church Year ended 31 December 2024 A¢NI1g Policies The principal accounting tM)licies. which have been applied consistently in the curreni and pre¢eding year in dealing with items which are considered material to lh¢ a¢counts, ar¢ 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 io charities preparing their a¢counis in accordance with the Financial Reporting Siandarits applicable in the UK and Republic of Ireland (FRS102) effective l January 2019, the Charities and Trnstee Investhient (Scotland) Act 21X)5 and the Charitie5 aceoltnts (Scotland) Regulations 2006 (&% amended) Fynd 4c¢oun¢ln8 Funds are classified as either restricted fund5 or unrestricted funds, defined follows. Resiricled funds are funds subject Io 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. Unre.8lricled funds are expendable ai the discretion of the Trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the discTetion of the Trustee5 for a particular puryjose, they aTe designated as a separate fund. This designation has an administTative purpose only and does not legally restTiCt the Trustees. discretion to apply the fund. In¢omlng resour¢e8 Income is recognised when the charity has entitlement to the fund5, any performance conditions attached to the item(s) of income have been mel, il 15 probable thai the income will be received and the amount can be meaSUTed reliably. Donations are reco8nis¢d when the chaTity has been notified in writing of E&)th the amount and settlement dp4te. In the event that a donation is subject lo condition5 that require a level of performance Èefore the charity 15 entitled to the funds the income is d¢f¢rred and noi recognised until either those condiiions are lully met. or the fuifilmeni of those ¢ondilions i5 wholly within th¢ ¢onlrol of the ¢harity and il is probable that those ¢ondilions will be fulfilled in ihe reporting period. Legacy gitts are r¢cognised on a case by case b&sis following confimialion when the adminislraiorlexeculor for the estate has communicated in writing both the amount and settlement dale. In the event that the gift is in the fom) of an asset other ihan cash or a financial asset traded on a reco8nised stock exchange. recognition is subject to the value of the gift bein8 reliably me&suTable with a degree of rewnable accurdcy and the litle to the &8set having been transferred to the charity. Interest on fund5 held on deposit is included when receivable and the amount can be measured reliably by the charity.. this is normally upon notification of the interest paid or payable by the Bank. The generd volunieer time of congregation members is not quantifiable and therefore nol recognised in the accounis. Flxed Assets The Charity has ihe right to occupy and use for its charitsble objects certain iangible fixed assets. including ihe Church, hails and manse. vested in the Church of Scotland Oeneral Tntstees. 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 Siaiemeni of Financial Activifies in the period in which the liahilitv arises. Note: Th¢ congregations, manse al whiLh is owned by locally. is included in the Trusiees valuation ai 3 ljl tkcemb¢'r ?Ii'.I l)LpfLiiali(Iii lids Ii<>i hLLli provided, as in the opinion of the Trustees. no impairnient of the carrying value h&s occurred during Ihe year. Investmellts Fixed &8set investments aTe 5tsted ai markei valu¢ at th¢ balance sh¢¢1 dat¢. Unr¢alised gains and losses repr¢sent the differen¢e between the market value at the beginning and end of the financial year or. if purchased in ihe year. the difference between cost and market value at the end of the year. Realised gains and losses repTesent the difference between the proceeds i)n disposal a] the rnarkd valu¢ at the start of the y¢ar or cost if pUrChd in the yeaT. Dundee Lhee Parish Church is recognised as a charity for the putposes of applicable tlxation legi51ation 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 V AT. io
Dundee Lochee Parish Church of Seotland Notes forming part of the financial statements For the year ended 31 December 2024 Unrestrict¢d Funds 2024 Designied Futtdj 2(124 Restricted FuThds 2024 Tol•l Fmnds 2024 Unrestricted Funds 2023 Designated Fund5 2023 Restricted Fund5 2023 Toial Funds 2023 Donalions and Legacies Offerings l ax recovcred on (iift Aid Gift Day 293F7 3.908 2.115 ¥34 6J22 29 3.9U8 1115 834 6J22 27,985 4.944 S70 iJ14 27.985 5,576 Legacies Contributions from Chganil0nS 968 968 42.766 49.734 40J24 52,828 lTrcome from ¢h4ri¢abk 8¢tivilies Iltddiii¥T% and l-.unerals Coffee momings etc Miscellaneous VA T reclaim 160 2,455 2.485 6338 1lJ38 990 990 3,065 968 2,455 2.485 6238 liJ38 S023 023 In¢orn¢ from otber trdittg *rtivities Rent rec¢iv¢d Grnnts 14308 14308 13.613 13,613 14308 14308 14,613 54 205 3.058 1.132 3.612 lJ37 46 139 2.744 815 3,212 954 24 190 Deposil int¢rcst Bank intere5l 759 190 4,949 631 3.559 Other income Transfer from Gcrtcrnl Tnts¢¢¢s 2.619 019
Dundee Loehee Parish Church of Scotland Notes forming part of the financial statements For the year ended .31 December 2024 Uwr¢stricted Funds 2024 Desnated Funds 2024 Restiicted Funds 2024 Tot1 Fwnds 2024 UnTestricied Funds 2023 Designated Funds 2023 Re5tyiCted Funds 2023 Total Funds 2023 AnalTrsis nf expenditure isin Fun Offiring erivelopes 166 Charitable activities Ministries & Mission Allocation MDS ?U' o o( Sdlai Prcsbi'leTV due5 Ministers expenses Ml)S Car lleagle Pulpit supply Other salary ¢0sts Fabric repairs and tnainienance Council lax Other building costs Organ & music DTllP Inn Cate Loan Iniiresi Independent examiner5 t£e Other L-hurch C)r¥7Jn15ations 3&243 3V19 3<819 l.l38 lJ18 1.491 21M 1.138 lJ18 1.491 100 5.037 19.916 3,356 12J09 1.752 5.t137 19.916 3J56 12J09 1.752 25,401 3,814 16.093 42J12 67,913 3.814 1&093 i.J¥o 16310 iJ80 IA210 1.3?0 7A92 1,3211 7.492 4.291 47 3.747 4.291 4391 109.058 42 12 155 17 29 109.058 3.747 42.512 15SJ17 89.495 4291 93,786 Support costs have not been separately identified a5 thc Tntstees consider there 15 OTEe charitsble aui¥ity. Therefore supwrt costs relate wholly to that activity and have noi been s¢parately identified. 12
Dundee Lochee Parish Church of Scotland Notes forming part of the financial statements For the year ended 31 December 2024 2024 2023 S¢tr¢osts and numbers Salaries and wages Social security and pension 5,440 5,037 Total 5,440 5.037 Th¢ average number of employ¢es during the year was as follows.. Number Nymb¢r Adm Iiiiblraiiiin Music staff Premises maintenance No employee had employee benefits in excess of £60.000 (2023 - nil) All Church of Scotland congrcgalions contribute to the National Stipend Fund which bears the eosis of all ntinisters, stipends and employer's contributions for national insuranc¢, pension and housing and loan fund. Ministers, slipends are paid in accordance with the national stipend scale, which is related to years of service. For ihe year under review the minimum stipend was £31.642 and the mlmuM stipend lin the fifth and subsequent years) £38,884. 8. Trus¢e¢ Remunerntion Relted Pxrty Tran$*¢tloDS No Trustee or a person related ts) a Trustee had any personal interest in any contract or translI0n ¢nler¢d into by th¢ charity during the year. DurinR the year a total of £9.000 (2023 - £12,000) was donated to thc ¢on8r¢8atioD by Trust¢e$. rcceived reimbursement of travel exp¢ns¢s amounting to £358. additionally .1 was paid on his behalf. 13
Dundee Loehee Parish Church of Scotland Notes forming part of the financial statements For the year ended 31 December 2024 9. Tangible Fixed Assets Office Equipment Buildings Totsl Cost Ai l January 2024 Addililins Disposals At 31 December 2024 290,000 300 290,300 300 290.300 AuMlated Depre¢l•tlon At l January 2022 L h:IrblL li)r i'L.'Ir Eliminated on Disposals At 31 December 2022 Net Book Value At 311)ecember 2024 290,0(NJ 290,000 300 290JOO 290,300 At 31 December 2023 300 10. Investments 2024 2023 Market value at 31 December 2023 Di5P05als at cosi Unrealised (10ss)Igain on investments 122,839 (551) 4.283 I 14,795 8,044 Market value al 31 December 2024 126,571 122,839 Investtnents at Cost 50,067 The tollowing investments are held with Church of Scotland Investors Trust: Growth Fund - R¢strict¢d 14,51 l units Unrestricled 1,031 units Income Fund - Reslricted 1,796 units Unrestricted 693 unils 14
Dundee Lochee Parish Church of Scotland Notes forming part of the financial statements For the year ended 31 December 2024 11. Deblorg 2024 2023 Gift Aid Tax Refund Due 5246 6,933 171 Prepayments 5246 12. Creditor8 Accru415 455 12268 13. Volunteers In common with all congregations of the Church of S¢otland the congregation benefits from th¢ wntribution mad¢ by volunteers who give their time and talents willin8ly for the Ixnefit of ihe Church. The &r¢as of con8regational life which reply on the Contribution of volunteers ar¢ many and varied and much of the 1]Vity would be un&ble to continue were it not for the commilmenl shown. 14. Analysis of Net asjets Among fund$ Uthrestrl¢ted Funds 2024 Designated Funds 2024 Reytricted Funds 2024 42 To¢#1 Funds 2024 Fixed Assets Inve5th1enis Currcnt A5seis Current Liabilities Joo 14,127 290,000 290JOO 126a7l 88,477 {455) 112,444 34J81 6.041 (455) 296 041 146,825 504,893 Unrestricl¢d Fund% 2023 Desi8nated Funds 2023 Restricted Fund5 2023 Totxl Funds 2023 Fixed Assets Investments Current Assets Current Liabilitie5 300 13,501 95,759 {12.268) 290,000 290,300 122,839 126,069 (12,268) 109,338 23,395 6,915 296.915 132 733 526 940 15
Dundee Lochee Parish Church of Scotland Notes forming part of the financial statements For the year ended 31 December 2024 15. Movements in Funds IRveJtment giinsl 11056esl At31 JnuaTy In¢oming Resources Outgoing Resour¢e5 Dectmber 2024 Triniftri 1024 Restricted Fundj Fabnc Fund ¢55ion Fund Propety fund Mgnse Mainiengnce 26.727 40JIJ S114 31,578 1,1196 916 142J12) 33320 (2.2731 282 829 32.689 riower Fund Guild Fund B SiirlinB & L Stewart Fund C-harles Siewan Fund R C Reid & Jdmes Hunier Funds Andy DoigI218I Fund Totsl Reitri¢ttd Fundi 1,026 9.627 5.143 2.573 12156 559 8 464 25 263 774 414 207 970 2.296 10,756 559 IJ2 7J3 70 330 Ihslgnxttd Fundi Property fund M4Ln5e Fund ()rgani58tion5 290,Lh 290, 29A915 13,7471 {4mSI 296041 Uurtstrleted Fund (icncral Fund Inv¢sim¢ni Funds 82,7S8 14,534 97292 68J12 759 69,071 {109.0581 4,1)95 46,107 626 626 4,095 62,026 Totll Unrtttrltted Fundi 626 Tot*1 Fundi 52 Iss 17 Ail J8nuory 2023 Inv¢slmeni gainsl 110.sse51 At31 Incomin8 ResourLe% Uut80in8 Resource December I'rdn.%fLYS 2Q23 Rtttrl¢ted FuDds fabric Fund Session Fund Property fund Manse MaintLnancc 26,727 36.835 26.727 40.513 1,186 1.445 235 2.492 2.278 648 3U.695 31.578 Flower Fund Guild Fund M B Slirling & C Stewart Fund Charle5 %t¢wart Fynd R (i Rcid & lutnes Ilunl¢r Fund5 828 7.766 4.148 2,074 9.724 45 23 219 os 605 323 162 758 916 8.590 4.388 2,296 10.736 60 274 T0¢41 R¢stri¢i¢d Funds 132.733 Deslgnated Fu•d$ G¢ncral Futtds Fund Or8anisaiions 2.IK)O 290.L¥)O 4.915 2,(m> 4,643 ?90.643 1,941 h.Sn4 ?9(1.91 Unrutri¢eed Funds General frund Jnve5unent Funds 101,709 13,214 14,923 68.603 607 69,210 189,4951 82.758 713 713 139.4951 97.292 Totsi Unr¢styi¢ted Funds 411.566 713 394.207 Total F'unds 533 409 526,940 16
Dundee Lochee Parish Church of Scotland Notes forming part of the financial statements For the year ended 31 December 2024 15. Movemenls in Funds {conl) Pmrpose of res¢rleted funds Fabric Fund, Prorty Capital Fund and tksignated Property Fund are for repair and maint¢nanc¢ of Church buildings. Session Fund is for Session purposes and comprises of funds from L K Smart and Mrs Cargill. Manse Maintenance and Manse Fund for repair and maintenance of the Manse building. Flower Fund to meet the costs of Floral displays at Church services. Outreach for various project work in the Community. Guild Fund is for Guild purpos¢s and cotnprises funds from Devine TnJsL Keiller Bequest and M.B Stirlirtg & Miss MCKAY. M.B.Stirling & C.Stewart and the Andy Doig12008> Funds are for Sunday School. Charles Stewart (Choir) for Choir expenses. R.G.Reid and James Hunter Funds are for Boys, Brigade. 16. Collectlons for Thlrd PArtleJ The following incom¢ from Special Collections was re1ved and distributed during the year.. 2024 2023 Christian Aid 158 89 17
Dundee Lochee Parish Church of Scotland APPENDIX FUNDS HELD ON BEHALF OF THE CONGREGATSON BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES 2024 2023 CAPITAL ACCOUIYT Credit Balances held ar 31 D¢¢ember 2024 at ¢osi 21.410 Market Value of Balances ai 31 December 2022 83 29.066 EV Credit Baian¢e at 31 D¢¢¢mber 2024 427 18