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 th￿aten$ 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 rese￿e5 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 De￿rnber 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 p￿ParatIon 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 ACC￿nts {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 ￿¢9￿￿1S 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 undert*en 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 R￿Ul8110n 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 pre￿YMents
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 th￿r
behalf by..
Convener ol Business c0￿mItte￿
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 equlv*l•nts
316
R￿one111ation of not Incom• to n•t ￿3h flow from opgratlng actfvldes
2024
2023
Net in￿rne 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

PRES8￿Ry 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 Ao*unling 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 appIl￿ble taxation legl8lallon and
is therefore not subject to laxalion on ils charitable activsbes. The charfty 18 not reglslered forVAT 8nd
expendlture therefore InLgudes (tre￿￿rable 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 I￿ntInu•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 r￿1p1.
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 Y￿thin 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 no1￿catIOn of Ihe Intere81 p8id or p8yabte by the bank.
Tanglbl• Ilx•d ass•ts
Tangible r￿ed assets Costing in excess 01£1000 having a value lo the charity greater than one year are
capilalised. Dep￿￿atIon 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 foll￿7ng 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

PREs8￿ERy 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 0xwd￿r*
Ch•ritabltt aclfvltles
Salaries
Soual se￿Ilty 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,C￿6
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$ts
Pension costs
Other staff cLJsls
179.128
12,759
18,727
160,090
9,937
18,119
2,728
Total
Staff (x)ss Tricludes redundanry of £1.51612023- nil)
No employee received remu￿ratIoN in excess of £60,000.
The key management personnel ofthe charity cornprise the Presbytery Ctert an(1 Missxjn DiTgLbrs.
The total remunerath?n of Ihe key management personnel during the year was £110,78712023- £105.3611.
The avvJage nurnber of employees during year, calculated on the basls ola hgad ￿unt. was
as foll¢yws.'
2024
2023
Key management personnel
PTesbytery buildings offi¢x
Admlnistrallon
6 Tn￿ oxpen50s. rgmUn•A￿0n and relaled party tr•nsactionJ
The lollowiw ttU5tees are not remunerated foi Iheir serv￿$ 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
D￿em￿r
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