PRESBYfERY OF FIFE CHURCH OF SCOTLALYD FINANCIAL STATEMENTS FOR THE YKAR ENDED 31 DECEMBER 2024 PRESBYfERY REFERENCE NUMBER 241JOIMI SCOTTtSH CHARrrY NUMBER SC050563
Presbytery of Flfe Church of Scotland Reference and Admlnlstratlve Information Name: Presbytery of Fife Church of Scotland Thè name the charty is known bv: Presbytery of Fife or Fife Presbytery Charity Registration- SC050563 Prestytery Reference No: 240000 Contact Address.. Presbytery Office Wellesley Centre Wellesley Parish Church Wellesley Road Methil KY8 3PE Members Members, who are also ihe Truslees, from l January 2024 to the date of approval of the accounts,, Mlnlsters In (harges- Inducted
Presbytery of Flfe Church of Scotland Referen and Admlnlstratlve Informatlon (cont'd) OLMS (without charges) Assoclate Ministers-ordained wlthout Charge) Retlred Mlnlst•rs, Prohssors, Lgrtuiers. Chaplaln5. Deacons and other Mlnlsters
Presbytery of Flfe Church of Scotland Reference and Admlnlstratlve Informatlon Iconvd) Equalizing Elder5 Commlssioned Elders
Presbytery of Flfe Church of Scotland Reference and Adminlstrdtive Informatlon (mnvd) Commlssloned Elders {contlnuedl Principal Offlce Bearers Moderator Clerk Buslness Convener Treasurer Ind•p•nd•nt Examlner Hen erson B Co Chartered Accountant5 Edenbank House 22 Crossgaie CUPAR Fife KY15 5HW ac 8ankers The Bank of Scotland l QueensGardens St Andrews Fife KY16 9TD Pr¢sbyteryOflke Wellesley Cent Wellesley Parish Church Wellesley Road Methll KY83PD
Presbytery of Hfe Church of Scotland Trustees Report Year ended 31 December 2024 Structu, Governance and Management Governlng Document The Presbytery 15 administered in accordance with the Acts and Regulation5 of the General Assembly of the Church of Scotland (Scottish Charity number SC0113531. Re¢rultment and Appolntment of members of Presbytery All Mlnlsters Inducted to charges within the bounds of the p$bytery become members of Presbytery on their induction. Other ordained Ministers living with the Presbytery or having been living or worklng wlthin the Presbytery may become a member. Each con8re8ation nominates o Representative Elder to be appolnted by Presbytery a5 a Commissioned Elder. Equalizing elders are appointed by the Presbytery chosen because of their experience and skills. Organlsatlonal Strurture The Presbytery met 8 times during 2024. The Buslness Commlttee is responsible for arrangln8 the business to be presented at each meeting and acts on the advice of the nominating committee for appointments to standing committees. Each standlng committee has a remit to ensure the proper supervisory. managerial and spiritual work of the Presbytery can be undertaken. This is exercised through the Board of Management and the Board of Mission. The Committees are appointed for a three year term wlth change5 occurring from time to time wlthin the term. ObJectlves and Actlvhles The essential role of the Presbytery is to oversee the work of the Church within its bounds. This is effected by the supeNision of the Congregations through the inspection of record5 proce55 and the local church revlews in normal times but the Presbytery is anxious to assist the Congregation5 in these challenging time5 and work with Congregations to overcome difficulties as they arise. The objective Is to make progress on the implementation of the Presbytery Plan in consultation with con8re8ations. One of the focusses 8oln8 forward Is the pastoral care of the mlnlsterlal members of the Presbytery. The Church of Scotland is Trinitarian In doctrine, Reformed in tradition and Presbyterian in pollty. It exists to glorify God and to work for the advancement of Christ's Kingdom throu8hout the world. As natlonal Church, it acknowledges a distinctive call and duty to brin8 the ordlnances of religion to the people in every parish of Scotland through a territorlal mlnlstry. It co-operate5 Wlth other Churches in variou5 ecumenical bodies in Scotland and beyond. Achievements and Perfomiance The Church of Scotland Presbytery of Fife wa5 formed with effect from l January 2021 by combining the legacy Presbyteries of Dunfermline, Kirkcaldy and St Andrews. The Presbytery consi5t5 of 53 congregations and Klrk Sesslons in 47 charge5. There are over 205 buildings including churches, halls and manses.
Presbytery of Flfe Church of Scotland Trustees Report {¢onVd) Year ended 31 December 2024 Achlevements and Perfomiance (cont'd) When Fife Presbytery was established on l January 2021 It was a8reed that each of the new Presbyteries would be allocated £150,000 from the central funds in the Church of Scotland to cover operating costs. In due course this sum was reduced to £120,LKJO and this year Fife Presbytery has challenged the underlyin8 assumption that all Presbyteries will be self-sustaining within five years. At this stage it is apparent that Fife Presbytery does not have the critical mass of members and active congregations to be self-sustalning. Since 2019, the Church of Scotland agreed a radical Action Plan, in which a5 part of the Church of Scotland's National Church Strategy, each Presbytery was tasked with developing a Presbytery Mlsslon Plan. The plan for Fife was agreed in September 2022 and this year the focus has been on working with the 14 cluster groups to implement the plan and to begin to make the necessary chan8es and adjustments. It quickly became apparent that there wa5 insufficient manpower resource to deliver the plan and a decision was taken to recruit a part-time Implementation Officer. This post is now filled and has proven to be very effective. In tlme a decision may be taken to try to make this post full-time in order to deliver faster and MO consistent SUIts. In February 2023 the first Fife Presbytery Mission Director left to retum to the charity sector and a new Mission Director was recruited in August 2023. The appointment of a new Presbytery Clerk In June of 2024 gave the Presbytery an opportunity to review some of the ways it had been working with the benefit of some continuity with the new Clerk being the former Business Convener. At the same time the administrative stsff of three part timers left the employment of Presbytery and a new full time administrator employed and the part time Mission Planning Implementation Officer was also replaced. Significant strldes have now been made to address the communications short-falls with a Facebook web presence soon to be supplemented by a renewed website, and a much more comprehenslve weekly newsletter. Presbytery Mission Planning continues to take up enormous amounts of time and energy on the part of the staff and the presbytery committee responsible. However, by the end of 2024 new team ministries had been established in Kirkcaldy Town Centre. Glenrothes Leslie Markinch and Thornton. Aberdour Dalgety Bay Inverkeithing North Queensferry and Rosyth, the Edentay Parish which stretches across Lindores. Auchtermuchty, Falkland, Freuchie, Kin8skettle and many other hamlets and villages, and Levenmouth. By the end of 2025 we expect to have new ministries in St Andrews, the East Neuk, the West Flfe Villages, wlth stlll others engaged in dialogue. These difficult decisions are being made and after a very static period in ministry numbers recruitment 15 underway. The statistics tell a story. From the original 73 congregations and Kirk Sessions in 65 char8es at the formation of the presbytery as the latest round of unions and adjustments took place at mldnl8ht of the 31 December 2024 the number of congregations stood at 53.
Presbytery of Flfe Church of Scotland Trustees Report (cont'd) Year ended 31 December ZDZ4 Flnanclal Revlew The income of the Presbytery comesfrom, in the main, two sources. The Church ofsrotland ha5 made a total contribution of £165,173 in 2024. Thls Includes an allowance of £131,250 and o contribution towards the employment cost of the 8uildin8 Officer. The allowance from the Church of Scotland will be withdrawn at some tlme In the future but not before 2027. The second source of income is from Presbytery Dues levied on each congregation. The financlal year 2024 ended wlth total expenditure of £347,42012023- £240,809) as against total income for the year of £270,09212023- £381,197) giving a deficit for the year of £77,328.12023-5urplus £140,388). At the end of the yearthe balance of funds carried forward w05 £216,87212023 £294,200). The deficlt In the year arlses due to Mlssion Fund grants paid out by Presbytery from the former 5% M and M allocation to individual congregations. The Mission Fund was fully spent in 2024 and new IT equipment Wa5 also purchased in 2024. The financial viabillty of the Presbytery going forward 15 uncertain as the use of the former 5% M and M Presbytery allocation ha5 been used to underpin both 2023 and 2024 budgets and this option will no longer be available after 2024. That change allied to the falling numbers within congregations at a tlme of change due to the number of unions taking place adds to the financial uncertainty as the Presbytery move5 into 2025 Investment Pollcy The Presbytery has not inherited substantial investments but those that it has are held as cash deposits in the Deposit Fund of the Church of Scotland Investors Trust, which the Trustees are content with. The Investors Trust offers a range of facilities for the ir¢ve5tment of funds and provldes the benefit of professional management. portfolio supervision and spread of risk. Ethical considerations and views of the General Assembly form an Integral part of the investment management proce55. Investment in the Trust is also economical and straightforward. There are three professionally managed funds to meet the congregatiollal requirement5 providing an element of growth (the Growth Fundl consistent high income with capital protection (the Income Fund) and a place for short term deposit5 (the Deposit Fund) earnin8 a competltive rate of interest with repayment on demand. Rlsk Mana8em¢nt The principal risks and uncertainties facing the Presbytery can be summarised as follows. A reducing number of members In the majority of churches thaten$ the viability of the Presbytery going forward. The proposed withdrawal in whole or part of the Church of Scotland contributlon of £165,173 in 2024 in support of the Presbytery by 2027. This is a pre55ing i55ue a5 work need5 to be done in the run up to the implementation of the withdrawal of the subsidy.
Presbytery of Flfe Church of Scotland Trustees Report (convd) Year ended 31 December 2024 Risk Management {conVd) The Implementatlon of the Presbytery Mission Plan is a substantial agenda for change throughout the Presbytery and the demands this will place on all involved will be substantial. Recruitment of Ministers to vacant posts thus easlng the Increaslng burden on the existin8 Ministers in Charge5 Wlthin the Presbytery. Officers of the Presbytery wlll monitor all four risks as best they can but It Is acknowledged that there Is a limited amount the Presbytery can do by way of risk mltigatlon. Reserves Pollcy The trustees have endeavoured to keep at least enough resee5 to ensure they have a yearfs salary for all the paid staff and consultants that equates to approximately £213,260. The balance as at 31 December 2024 was £216,872 which is sufficient to cover these costs for a further year. Trustees. Responslbllftles In Relatlon to the Financial Statements The charity trustees are responsible for preparing a trustees. annual report and flnanclal statements In accordance with the applicable law and United Kingdom Accounting Standards (United Kln8dom Generally Accepted Accounting Practice). The law appllcable to charitles in Scotland requlres the charlty trustees to prepare financial statements for each period that 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 requlred to.. Select suitable accounting policies and then apply them conslstently: ObseNe the method and principles in the applicable Charities SORP: Make judgement5 and estimate5 that are reasonable and prudent- State whether applicable accounting standards and statement of recommended practlce have been followed, subject to any departures disclosed and explained in the financial statements,. Prepare the financial statements on the 80in8 concern basis unless it 15 inappropriate to presume that the charity will continue in operational existence. The trustees are responsible for keepin8 proper accounting record5 which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statement5 comply with the Charlties and Trustee Investment Iscotlandl Act 2005 and the Charities Accounts (Scotlandl Regulations 2006 las 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.
Presbytery of Flfe Church of Scotland Trustees Report (confd) Year ended 51 December 2024 Tru5tee5 Responslbllltles In Relatlon to the Flnanclal Statsments Iconvd) The trustees are responsible for the maintenance and integrity of the charlty and flnanclal InformatSon on the Presbytervs website. Legslation in the United Kingdom governing the preparation and dSssemlnation of flnanclal statements may différ from le8i51ation in other jurisdictions. Approved by the Trustees on 21 June 2025 and signed on their behalf by Convener of Business Committee
PRESBYfERY OF FIFE CHURCH OF SCOTLAND INDEPEMDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PRESBYTERY OF FIFE CHURCH OF SCOTLAND YEAR ENDED 31 DECEMBER 2024 I repotl on the acwunts of th8 thaiity for the yeai ended 31 Dernber 2024 whith are sel out on Pag 11 10 18. R•spg¢tlve r¢8pon8lbllltlo8 ol tN8tse8 and examlnor Thg th81ity's trustees are re6pon6ble for thg pParatIon of the gc¢ount8 in a¢cordanco wth tho t•mi8 of the Charities and Trusltse Inveslm&nt (S¢otLgnd) Act 2(X]5 and the Charities ACCnts {Scoll8ndl R¢gublion$ 2006 las amended). Th& chartylrustees conslder that lh• audll wulr8ment ol Regulat 1011 } lal lo Icl of Ihg AGGounts Regukllons doe¥ not ¥PPty. A is rry resF¥)nslbillly to examlne the ¢91S as required under section 4411) l¢} of the Act and to stste wh8th8r partlcular matters have ¢omg to tny attention. This pOrt 1$ made lo the trustees, as a body, in accordance with the tem$ of my engagement. My work WAS und8rtak&n so that I might stale lo the trustees those m8tters l am requir&1 to stale lo them in an inddpèndenl examineffs report ané for no other purws&. Tolhe fullest extent pemiitted by18w. I do not accept or assume responsibility to anyone other than the Church and the trustees for my work or for Ihis report. Basls of Ind8pand•nt gxarnlnèr's statèmènt My 8xarnination is carri8d out in aecordgncè with Regulal#)n 11 of the Charities Accounts Iseotland) Regulations 2006 las gmendedl. An examination includes a review of the aG¢Dunling records kept by the charity and a comparison of the accounts pr8s•nled with tho$e recDrés. 11 also includes consideration of any unusual items or disck)$ures in the accc•unt$. and seeks explanations from the Iruslees conceming any such matter& The pro¢edur8s underten do not providg all the &vidence that would be required in an audit, and consequently I do not express an audii opinion on the view given by the accounts. Independent examlner's statement In the course of my examination. no matter has CDrr to my attenlion.. which gives me reasonabk cause lo belyavg that in any material respect th& qUIrements,. to keep accounting records in a¢¢ordance with SectK•n 4411) lal of the 2005 Act and RegulatDn 4 of the 2006 Accounts Regulalicns, and to pr•par• account8 whl¢h ae¢¢xd with the acwunting recordg comrAy with RUl8110n 8 of the 2006 Accounts R8gulalions have not been meL or to which, in my opinion. attention should be drawn in order lo enable a proFer understanding C•f the accounts to be reached. Partner Henderson Black & Co Chartered Accountants 2025 io
PRE88YfERY OF FIFE CHURCH OF SCOTLAND STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDeD 31 DECEMBER 2024 Unrn8tr1¢tsd Funds 2024 Unrn8trl¢tsd Fund8 2023 Tot81 2024 Tol•l 2023 Not68 Income fmm: Charllable acdvmes 103.338 103.338 98.506 96.506 Investsnent Income 1.581 1,581 1.089 1,089 othor Incomo: From The Church of Scotland 165,173 270 092 270 092 165,173 283.802 283,802 381 197 381 197 Total In¢¢)mè Expondltur• gn: Charhable athitie$ 347.420 347,420 347 420 347 420 240,809 240,809 240 809 240 809 Total oxp•ndltur• Net movern•nt In funds 140 388 140 388 Rocon¢lllation of fvnd¥ Total fvnds brought foThYard 294.200 294,200 153 812 153,812 Total fvnd$ carried forward 218,872 216 872 294 200 294,200
PRESBYfERY OF FIFE GHURGH OF SCOTLAND BALANCE SHEET AS AT 31 DEGEP•lBER 2024 Unr•8trlct•d Funds 2024 Total 2024 Funds 2023 2023 Current assots Debtors and preYMents Cash at bank and in hand Total currgntassets 2,160 2,180 218,288 218.288 220.448 22D,448 400 400 316.164 316,164 318.564 316,564 Uabilltles Crediiors.. Amount8 falllig due wTrthin one ye Net cuThofit a889ts 13,5761 13.576}. 216.8n 218,872 (22,364) 122.3841 294,200 294,200 Totsl n•t a88frts 216,872 218,872 294,200 294,200 Total charltyfund• 10 216.872 216,872 294.200 294,200 The accounts wom apFYo¥ed bythe TN8tw on 21 Jun• 2025 and $ign•d on thr behalf by.. Convener ol Business c0mItte T'easurer 12
PRESBIYERY OF FIFE CHURCH OF SCOTLAND CASHFLOW STATEMENT AS AT 31 DECEMBER 2024 Total funds 2024 Total funds 2023 N•t cash provlded by oprntlng actlvlll Cash ftow8 from Invostlng dvlilM: Interest raceNed 1,581 1,089 M•t calh us•d In inmting a¢tlvlli 1,581 1,089 Chang• In ¢a¥h and wulval•nts In the year (97.878) 144.946 Cash 8nd cash equivalents brought forward 171,218 Cash and equlvalents Garr1 fonvard Analy•l• of ¢ash and ¢a•h oqulvalents Cash al bank and in hand 218.288 316.184 Total rA8h and cash equlvl•nts 316 Rone111ation of not Incom• to n•t 3h flow from opgratlng actfvldes 2024 2023 Net inrne for the year Investment income recglvgd Decrease in d8btoTs {Decre8$e}Itnc*ease in uedilots wlthln one year 177,328) {1.581) 11,760) (18,788) 140,388 11.0891 4.939 13811 Net Gash provldod by op•rntlng •ctivitie• 143.857 Analy•h of Changes in n•t d•bt Openlng 6h Cash flows Closing cash 316,184 97,876 218 288 171.218 144,946 316,184 13
PRES8Ry OF FIFE CHURCH OF SCOTLAND NOTES FORMING PART OF THE FIIIANCIAL STATEhlENTS YEAR ENDED 31 DECEMBER 2024 1 A¢¢ountlng Pollcle• The prinapal accounting poliues. whith have been applied ojnsislty in Ihg wrrenl yoar in dgaling with items which are considered material to the accourts, are set out below. Basis of prnparalion The financial slalernents havè been prepared ift accordance vjtth Aounling and Reporting by Ch8rities". Statement of Recommended Practice applicable to charitie3 preparing their accounts in accordance with the Financial Re1X)n9 Stand8rds applicable in the UK and Republi¢ of Ifeland IFRS 102) (effective 1 January 20191- {Charbties SORP {FRS 1021 and the Financial Reporting Standard appllcable in the UK and Republtc of Ireland IFRS 102), the Charrties and Trustee Investment IScorf8nd) Act 2005 and the Chariyes Accounts (Scollandl Regulattons 2006 la8 amended). The Pr8sbytery of Fif8 constitutes a public b8nafft gnoty a$ defined by FRSIO2. The Trustses consider that there are no matsrial un¢ert8inties that would lead them to question the charity's ability to ¢ontynuo a$ a going concem. The finanaal slatgments arg prepared in sterting. whlc is thg futhal currency of Ihe charity. and thg arnounts reported are rounded to the neatest £. Fundg Funds 8re d88Stfted as elther restslcte(d funds or unrestrlcte(J funds, defflne(l as foll#. Restricted funds are lunds subject to specific Tequirements a5 to their use vthich may be declared by the donor or wlh their aulhorfty or created through legal processes, bul SIOII wlthin the der oblects of the charfty. Unreslrided funds are expendable 81 the discretion of the trust¢os in furtherance of the objects of the charity. If parts of the unreslriclgd funds are eamiathed at the disuelion ofthe trustees for a parttcular purpose. they ale designated as a separate frjnd. This designation has an administrthe purpose only and th)es not legalty re8ts1cl the trustees. dlscxetlon to appty the fund. Incom• Incorng is rgcognisod wh8n the charity has entitlement lo the funds. any perforrnanrE conditions attached to the item{sl of income have been met. il is probable that the inojme will be received 8nd the amount can bè lIablY moasur8d. Expandltsrg Expenditur8 is reDJgnis&J on an accruals basis as the liability IS Micurred. Taxatlon The Presbylgry of Frfe is reojgnised as a tharity for the purpose8 of appIlble taxation legl8lallon and is therefore not subject to laxalion on ils charitable activsbes. The charfty 18 not reglslered forVAT 8nd expendlture therefore InLgudes (trerable input VAT. 14
PRESBYfERY OF FIFE CHURCH OF SCOTLAND 140TES FORMING PART OF THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 l Ac¢ounllng Pollcl•8 IntInu•d) Donatod ¥ervk•8 and facllllfgs Donatsd professional services and donated facililies are recognisod a$ income when the ¢haiity ha8 o)ntrol over the Item, any C¢dItiOnS associated wlh the donated item have been rnel, the recelpl of oconomic b&n8frt from Ihg use by the charity of the item 13 probable and that economic benefit can be measured reliably. In accordance wilh the Charflles SORP IFRS102) the general volunteer tin of prosbylery trustees is not recogni$.. On receipt. donated professional 8erw¢e¥ and donated facilbts8s are recogni$ed on the basis ofthe value of the gift lo the charfty which is the amount the charity would have been willing lo pay to obtaln 8eMces or facilitEs of equivalent oeonomi¢ benefit on the open market.. a ojrresponding amount 1$ then recognised 8$ expenditure rn the por*>J ol r1p1. Flnanclal Instruments Flnancial instrum9nts arg rgcognl8ed in the Charity's balance sheet when th$ ¢harfty becomes pgty to the contractual provisions of the instrument. 888lc finanaal assets Iwhoch intjude dèbtors and cash and bank balances} and basic financAal liabilities (which include credilorsl are Inlilally measured at the amount rgceivabla or payable ineiuding any transaction costs and are subsequ8nlly carrigd al amorbsed ojsl using the effedivo interest method. Basic financlal assetsAiabililies. dassified as receivablelpayable Ythin one year. are not amortisgd. Thg charity only has baslc financlal Instruments. Interest r•c•lvabl• Interest on funds held on depo8k18 Included vknen receivabk and the amount can reli8bty measured by the tharlty: thls 1$ nomRIty upon no1catIOn of Ihe Intere81 p8id or p8yabte by the bank. Tanglbl• Ilx•d ass•ts Tangible red assets Costing in excess 01£1000 having a value lo the charity greater than one year are capilalised. DepatIon to write off the cost or inibal value of tangible frxed assets over Ihelr ostimatgd usgful Ilv&s 1$ as follows: Office and othar equipment- 10 years straight line Computer equipment- 4 yearn straight line Ther8 18 no tanglble fixed 888ets at 31 December 202412023- nifj. 2 Judgements and key Ur¢08 of estimation uncertainty In the application of iho tharity's accounting poliaes the Trustees are requlred to make ludg9m•nts. estimates and assumptions about the carying amount of assets and liabilities that are not readily apparent from other sources. Th& &slimalgs and asso¢ialed assumpUons are based on historical gXP9ri0nce and other factors that are Considered to be relevant. Actual results may differ from those estimates. The estimates and vnderfying assumptions are rawawed on an ongoing basis. Rovi$ion$ to a¢¢ounting e81imate5 are reetyJnised in the period in which the ostrrnate 1$ revised wherg the ravision aff$ onty th81 Perifxl, or in the perfod of reM3ion and future period8 where the revision affects both current and In prepadng these finandal statements the Tru51ees have made the foll7ng judgement.. Acuuals Trustaes estlmale the requlremenl for accNa18 uslng post year end Infomiatlon. This identiltes c08ts that are expected lo be incurred foi thlid paty seNces relallng to the accounting ye8r but that are not invoiced until after the year and. 15
PREs8ERy OF FIFE CHURCH OF SCOTLAND NOTES FORMIIIG PART OF THE FINANCIAL STATEMENTS YEAR EMDED 31 DECEMBER 2024 Unrestricted Funds 2024 Unr•ytricted Funds 2023 Total 2024 Totsl 2023 3 Income from charftabl• actlvltl•8 Prasbytery assassments Worship (xjurses 103.338 103.338 95,901 605 95,901 605 103,338 103,338 96,5C6 Unrgstrlcted Funds 2024 Unrgstrlct Funds 2023 Total 2024 Total 2023 4 Anatysl$ of 0xwdr* Ch•ritabltt aclfvltles Salaries Soual seIlty costs Pension costs Other staff costs Payroll processing Office rental 179,126 179.126 12,759 12,759 18,727 18,727 3,008 3,Ci18 905 3.oc leA),0 1eA),090 9.937 9.937 18.119 18.119 2.728 2,728 821 821 1.750 1.750 3,CX)O Ik iijj Telephone costs Stationery, print and postage ¢))sts Computer and website costs In8uran¢e Travel cnsts Presbytery costs Mission and mission plan ojsts Pastoral care costs Weaving worship Training Costs Independent examination fee Other expenditure Mission Fund gtsnts 318 609 2,115 1,325 7.958 1,oe6 3.199 13,204 318 677 560 448 1.500 8.512 677 2,115 1.325 7.958 I,C6 3.199 13,204 1.500 8.512 6.287 21,OB6 854 582 3.983 2.275 6.287 21,086 854 582 3.983 2.275 3,186 3.186 96,846 96,846 47,42 Total expendlture 347,420 347,420 240,809 240,809 Support c(Jsts have not been separatety identffied as the trustees ojnsider there is only one chaiitable acamty and therefore support tS rebate wholly to Ihat activity. 16
PRESBYTERY OF FIFE CHURCH OF SCOTLAND NOTES FORMING PART OF THE FINANCIALSTATEMENTS YEAR ENDED 31 DECEMBER 2024 S Stsff and numborn 2024 2023 Salarias wages Soctal security ¢o$ts Pension costs Other staff cLJsls 179.128 12,759 18,727 160,090 9,937 18,119 2,728 Total Staff (x)ss Tricludes redundanry of £1.51612023- nil) No employee received remuratIoN in excess of £60,000. The key management personnel ofthe charity cornprise the Presbytery Ctert an(1 Missxjn DiTgLbrs. The total remunerath?n of Ihe key management personnel during the year was £110,78712023- £105.3611. The avvJage nurnber of employees during year, calculated on the basls ola hgad unt. was as foll¢yws.' 2024 2023 Key management personnel PTesbytery buildings offi¢x Admlnistrallon 6 Tn oxpen50s. rgmUn•A0n and relaled party tr•nsactionJ The lollowiw ttU5tees are not remunerated foi Iheir serv$ as trustee8 but hold a r¢t of employment in a peisonal capacity. They received tho fr4Iowng gross salary, pension ¢ontribution¥ and dealh in s?rvr benefit by reason of th¢ir ¢mploym¢nt'. 05.. £2,952., £50612(r23 £48,195; £6,747.. £1,092) 29,167, nil,. nil12023 not an emr40) nil12023 £10,238., nil.. nil) 4,410: nil; nil (2023 £6.825-. nil.. nil) Expenses of £2.681 We pabj to 6 trustees fortravel and telephone (2023- £2, 10 2 trustees). £9,882 was pald In Ihe year (2023- £18,251) to pastoral (N>ordlnatlng services a wlf ¢mploymen pouse of a trustse. for the delivery of asis. 7 D•btors and w•p4ym•nts 20Z4 2023 Othw debt0 and prepaymw 2.160 2,160 4CO 17
PRESBYTERY OF FIFE CHURCH OF SCOTLAND IIOTES FORMING PART OF THE FINANCIAL STATEMEKrs YEAR ENDED 31 DECEMBER 2024 8 Cr8dltor¥: afflounts falllng du• wlthln on• year 2024 2023 Paslornl re costs Expenses Salarigs Independent examination fee Deferred incy)me 1,$00 231 10,938 3.576 6.311 ,57 2,364 9 Voluntsern The Presbytery of Fife beneffts from considerable Contribution made by volunleeTS who gNe their time and talents llinglY for the benefit of the Presbytery. The areas of the work of I Presbytery which r8ly on the contribubon of volunlgars are many and varied and muth of the activity would be unable lo continue were it not for the cornmilrngnt shown. 10 Movèments In Fund# At1 January 2024 At 31 Demr 2024 Income Expondltur• Tran•f•rs Unrnstrl¢t•d fund* General Fund 294,200 294,2C 270,092 270,092 1347,420) 347.420 216,872 216,872 Total fund• At1 January 2023 At 31 Decembgr 2023 Incom• Expgndiiuro TAnsfe Unrnstri¢tsd fvnd• G¢n&raJ Fund 153,812 381.197 1240,8091 294,200 153.812 381.197 240,809 294,200 Total funds 153,812 381,197 240,809 294,200 Purposos of Funds General Fund= Funds for the general purposes ofthe Presbytery. 18
APPENDIX 1 PRESBYfERY OF FIFE CHURCH OF SCOTLAND YEAR ENDED 31 DECEMBER 2024 MEMORANDUM TO THE FOREGOING ACCOUNTS LOGIE, MOONZIE AND FORGAN FUND Funds held by th• Church of Scotland Genoral Trustee8 whlch are not included in the foregolng accounts. 2024 2023 Capltal account 8alancgs held at 31 December 2024 at GO$t 76,038 76,038 Market value of balan at 31 Decemtser 2024 120.315 110,968 RovoTrue accounl Balan at 1 January 2024 149,794 141,967 Add deposit and growth fund interest and dividends less any costs 10,851 7,827 Balance at 31 December 2024 160,645 149.794 The Logie, Moonzie and Fofgan Fund is a tricted fvnd held and cntrolled by the General Trustees,. reslricled, to be spent, in consultation with Presbytery, on the fabric of Balmerino, Creich, Flisk and Kilmany, Cupar Old and St Michael of Tarvit, Cupar St John's, Dairsie, Leuchars. Monimail, Newport-on-Tay. Tayport and Womiit