## **PRESBYTERY OF FIFE CHURCH OF SCOTLAND**
## **FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2025**
**PRESBYTERY REFERENCE NUMBER 240000 SCOTTISH CHARITY NUMBER SC050563**
**Henderson Black & Co**
## **Presbytery of Fife Church of Scotland Reference and Administrative Information**
Name: Presbytery of Fife Church of Scotland The name the charity is known by: Presbytery of Fife or Fife Presbytery Charity Registration: SC050563 Presbytery Reference No: 240000 Contact Address: Presbytery Office Wellesley Centre Wellesley Parish Church Wellesley Road Methil KY8 3PE
## **Members**
Members, who are also the Trustees, from 1 January 2025 to the date of approval of the accounts:
## **Ministers in Charges**
Rev Alan Kimmitt Rev Donald Lawrie Rev Debbie Dobby Rev Norman Grant Rev Graeme Beebee Rev Dr Johnathan Humphrey Rev Josh Milton Rev Jane Barron Rev Jeffrey Martin Rev Andrea Fraser (from 12/01/25) Rev Sarah Smith (from 19/01/25) Rev Dr Conor Fegan (to 22/01/25) Rev Allan Morton Rev James Reid Rev Andrew Donald Rev Zoltan Safrany Rev Elisabeth Cranfield Rev Dr Amos Chewachong Rev Gavin Black Rev Gillian Paterson Rev Dr MaryAnn Rennie Rev Andrew Morrice Rev Michael Weaver Rev Gayle Taylor Rev Dr Andre Groenewald (inducted 10/04/25) Rev Michael Okpara (inducted 30/10/25) Rev Elane Sassenberg (inducted 23/10/25) Rev Eileen Miller (inducted 23/10/25 Rev Dr Scott Shackleton (inducted 28/5/26)
1
## **Presbytery of Fife Church of Scotland Reference and Administrative Information (cont’d)**
## **OLMs (without charges)**
Rev Sarah Whittle OLM Rev Michael Allardyce OLM Rev Margaret Mateos OLM Rev Brian Porteous OLM
## **Associate Ministers -Ordained (without Charge)**
Rev Ewan Ritchie Chaplain NHS Fife Rev Donald MacEwan Chaplain St Andrews University Rev Marjory McPherson NHS Chaplain Rev Alec Shuttleworth Presbytery Clerk Rev Fiona Smith
## **Retired Ministers, Professors, Lecturers. Chaplains, Deacons and other Ministers**
The members of Presbytery who are no longer known to Presbytery have been shown with a retiral date of 30 June 2025.
Rev Ian Forrester (to 30/06/25) Rev Nigel Robb Rev Peter Neilson Rev Thomas McDonald (to 30/06/25) Rev David Clark Rev Robert Watt (to 30/06/25) Rev Ruth Unsworth Rev Thomas Johnstone Rev Matilda Wilson Rev David Scott Rev Kenneth Froude Very Rev Dr John Chalmers Rev Elizabeth Fisk Rev Cohn Alston Rev Robin McAlpine Rev Dr Ian Thom Rev David Collins Rev Catherine Collins Rev David Cameron Rev Alastair Symington Rev Marion Paton Rev Gordon Strang NHS Chaplain Very Rev Greenshields (retired 01/06/25) Rev David Coulter (retired 31/03/25) Rev Ken Donald Rev Stewart McPherson (retired 30/04/25) Rev Dr Janet Foggie Mrs Jacqueline Thomson – Deacon Mrs Pamela Scott – Deacon
Rev Gavin Boswell Rev Violet McKay Rev Nigel Robb Rev Alexander Forsyth Rev Peter Neilson Rev Peter Gerbrandy-Baird Rev David Sinclair (to 30/06/25) Very Rev Russell Barr Rev Arthur Christie Rev David Clark Rev Bryan Tomlinson Rev Cameron Harrison Rev Ruth Unsworth Rev David Smith Rev Thomas Johnstone Rev Daniel Connolly Rev Matilda Wilson Rev Geoff Redmayne Rev David Scott Rev Hugh Conkey Rev Kenneth Froude Rev Andrew Graham Rev Leslie Barrett Rev Elizabeth Fisk Rev Julie Rennick Rev Cohn Alston Rev Dr J Mary Henderson Rev Robin McAlpine Rev Scott Burton (to 30/06/25) Rev Dr Ian Thom Rev David Redmayne Rev David Collins Rev Dr Alan Munro Rev Catherine Collins Rev Dr Douglas Galbraith Rev David Cameron Rev Ian Wotherspoon Rev Alastair Symington Rev Elizabeth Kenny Rev Marion Paton Rev Dr Gordon Jenkins Rev Dr Graham Deans Rev Ian Elston (to 30/06/25) Rev George Nicol Rev Ken Donald Rev Gilbert Nisbet Rev John Brewster Rev Dr Janet Foggie Rev Ann Fraser Rev Ian Gordon Rev Ian Hamilton
2
## **Presbytery of Fife Church of Scotland Reference and Administrative Information (cont’d)**
## **Retired Ministers, Professors, Lecturers, Chaplains, Deacons and other Ministers (cont)**
An exercise to identify previously missed retired Ministers etc was undertaken in 2025 and the following are now added to the list.
Rev David Lawson Rev Ian Bradley Rev Reginald Campbell Rev John Dick Rev James Dick Rev David Adams Very Rev Sheila Kesting Rev Victor Laidlaw Rev Graham Leitch Rev Alastair McCormick Rev William McChulloch Rev Eric McKimmon Rev Alistair McLeod
Rev David Melville Rev Peter Meager Rev Alison Notman Very Rev Andrew McLellan Rev Alistair Roy Rev Maureen Paterson Rev David Scott Rev James Walker Rev Alan Torrance Rev Hugh Wallace Rev Lynda Wright Rev Graham Douglas
## **Equalizing Elders**
Mrs Gayle Lennon Ms Iona Kimmitt Mr Derek Peters (to 30/06/25) Mrs Lorraine Fraser Mr John Belford Mr Fergus Duncan (to 30/06/25) Mrs Catherine Dickie Mr Kenneth Logan (to 30/06/25) Dr Elspeth Smith Mrs Sheila Leel Prof Geoffrey Robinson Mr John Thomson Mrs Lauren Jones Mrs Anne Jeffcott (to 30/06/25) Miss Elizabeth Bracher Ms Elaine Shorthouse Mr Gordon Campbell (to 30/06/25) Mrs Muriel Gray to 30/06/25) Dr Fergus Duncan (to 30/06/25 Mr William Sweenie Barbara McKechnie Mr Colin McKenzie Mrs Ena Hudson (from 01/07/25) Mrs Clare Blanchflower (from 01/07/25) Dr Rachel Pendrey (from 01/07/25) Mrs Sheila Boyd (from 01/07/25 Mrs Catriona Reidpath (from 01/07/25) Mr David Raeside (from 01/07/25) Mrs Helen Ironside (from 01/07/25) Mr William Imlay (from 01/07/25) Mrs Barbara Acheson
## **Commissioned Elders**
Mr Ian McCauley Mr James Adamson Mr Richard McFarlane Mrs Ruth Anderson (to 30/06/25 Mrs Val McKay Mr Graham Armstrong (to 30/06/24) Mrs Jenny McLeod (to 30/06/25) Mrs Patricia Bagnall (from 24/03/25) Mrs Alison McIvor (to 30/06/25) Mr Ewan Oliver
3
## **Presbytery of Fife Church of Scotland Reference and Administrative Information (cont’d)**
## **Commissioned Elders (cont)**
Mr John Bain Mrs Fiona Milligan Dr John Ballany (to 30/06/25) Ms Christine Moodie Ms Grace Cord Mrs Nancy Olszok Mr Hamish Dobie Mrs Iona Pringle (to 30/06/25) Mrs Joyce Drysdale Mrs Margaret Rae Mr Paul Duncan (to 30/06/25 Mr David Raeside (from 20/08/25) Ms Hannah Dunlop (to 30/06/25) Mr Alexander Redpath to 30/06/25) Mrs Janice Falconer Mr William Roxburgh Mr Kenneth Fraser Ms May Russell Mr Andrew Gilmour Ms Valencia Sowry Mrs Karen Grant (to 30/06/25) Ms Susan Stewart Mrs Elizabeth Grant (to 30/06/25) Dr Stuart Swanston Mrs Margaret Greive (to 30/06/25 Mr Gordon Thomson Mrs Bonnie Hacking Mrs Elizabeth Thomson (to 30/06/25) Mrs Pauline Hoey Mr Adam Waldie Mrs Ena Hudson (to 30/06/25) Mr George Walker Mrs Maureen Jack Mrs Jean Wallace (to 30/06/25) Ms Hazel Jessiman Mr George Watt Mrs Barbara Leppard Ms Morag Wilkinson Mrs Nicky Lynch Mr William Wood (to 30/06/25) Mr Hugh MacKenzie Mrs Catherine Wilson Mr John MacMillan (from 08/04/25) Mrs Jean Martin Mr Robert Borthwick Miss Frances McCafferty Miss Gail Stenhouse (from 19/03/25) Mr Ian Mccaulay (from 01/07/25) Mrs Janis Lauritsen (from 18/03/25) Mrs Elaine Souter (from 06/06/25) Mr James Lawson Mrs Margaret Dow Mrs Jean Wallace (from 01/07/25) Mr Henry Watson (from 01/07/25) Mrs Elizabeth Thomson (from 01/07/25) Mrs Margaret Grieve (from 01/07/25
The following commissioned elders were listed in the 2024 accounts, but not shown as retiring.
Mrs Clementina Dodds (to 30/06/24) Mrs Lorna Duffin (to 30/06/24) Mr William Henderson (to 30/06/24) Mr George Luke (to 30/06/24) Mr John Wilson (to 30/06/24) Mrs Dianne Waddell (to 30/06/24)
4
## **Presbytery of Fife Church of Scotland Reference and Administrative Information (cont’d)**
## **Principal Office Bearers**
Moderator Rev Arthur Christie **Clerk** Rev Alec Shuttleworth **Business Convener** Rev Dr Mary Ann Rennie **Treasurer** Mrs Sarah Wood Until 21 February 2026 Barbara Acheson from 21 February 2026 **Independent Examiner** Joanne Paul BA, CA, CTA, TEP Henderson Black & Co Chartered Accountants Edenbank House 22 Crossgate CUPAR Fife KY15 5HW **Banker** s The Bank of Scotland 9 Falkland Gate Glenrothes Fife KY7 5LW **Presbytery Office** Wellesley Centre Wellesley Parish Church Wellesley Road Methil KY8 3PD
5
**Presbytery of Fife Church of Scotland Trustees Report Year ended 31 December 2025**
## **Structure, Governance and Management**
## **Governing Document**
The Presbytery is administered in accordance with the Acts and Regulations of the General Assembly of the Church of Scotland (Scottish Charity number SC011353).
## **Recruitment and Appointment of members of Presbytery**
All Ministers inducted to charges within the bounds of the Presbytery become members of Presbytery on their induction. Other ordained Ministers living with the Presbytery or having been living or working within the Presbytery may become a member. Each congregation nominates a Representative Elder to be appointed by Presbytery as a Commissioned Elder. Equalizing elders are appointed by the Presbytery chosen because of their experience and skills.
## **Organisational Structure**
The Presbytery met 11 times during 2025, 4 Ordinary Business Meetings, 1 special business meeting (via Zoom) and 6 Presbytery Services. The Business Committee is responsible for arranging the business to be presented at each meeting and acts on the advice of the nominating committee for appointments to standing committees. Each standing 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 with changes occurring from time to time within the term.
## **Objectives and Activities**
The essential role of the Presbytery is to oversee the work of the Church within its bounds. This is effected by the supervision of the Congregations through the inspection of records process and the local church reviews in normal times but the Presbytery is anxious to assist the Congregations in these challenging times and work with congregations to overcome difficulties as they arise. The objective is to make progress and commence work on the implementation of the Presbytery Plan in consultation with congregations. One of the focusses going forward is the pastoral care of the ministerial members of the Presbytery.
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.
## **Achievements and Performance**
The Church of Scotland Presbytery of Fife was formed with effect from 1 January 2021 by combining the legacy Presbyteries of Dunfermline, Kirkcaldy and St Andrews. The Presbytery consisted of 73 congregations and Kirk Sessions in 65 charges. There were over 205 buildings including churches, halls and manses.
6
**Presbytery of Fife Church of Scotland Trustees Report (cont’d) Year ended 31 December 2025**
## **Achievements and Performance (cont’d)**
When Fife Presbytery was established on 1 January 2021 it was agreed 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 £120,000 and this year Fife Presbytery has challenged the underlying 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-sustaining.
Since 2019, the Church of Scotland agreed a radical Action Plan, in which as part of the Church of Scotland’s National Church Strategy, each Presbytery was tasked with developing a Presbytery Mission Plan. The plan for Fife was agreed in September 2022 and this year the focus continuous to be working with the 14 cluster groups to implement the plan and to begin to make the necessary changes and adjustments. The appointment of the Presbytery Mission Plan Implementation Officer which was to run until the end of April 2026 is now to be extended to the end of December 2027.
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 2025 new team ministries had been established in St Andrews, the East Neuk, the West Fife Villages, with still others engaged in dialogue. These difficult decisions are being made and after a very static period in ministry numbers recruitment is underway. The statistics tell a story. From the original 73 congregations abd Kirk Sessions in 65 charges at the formation of the presbytery as the latest round of unions and adjustments tool place at midnight of the 31[st] of December 2025 the number stood at 42 congregations in 38 charges.
Our promise as the Presbytery was established was to help and enable the congregations to do what is asked of them fully supported. Our Weekly Newsletter is a huge step forward in this regard. It also contains a Presbytery Gazette for the effective and efficient sharing of official process and business. We have spent a lot of time this year considering how we make sure we help congregations be compliant not only to our own standing orders and church law but the demands placed upon them by civil law which has become exponentially more difficult with the passing of the years. Our two senior employment posts are the Presbytery Clerk and the Mission Director, a division of labour which puts mission aims and objectives of our charity functions on an equal footing with the regulatory and legal. We continue to be realistic about what we need and what we can afford to resource in terms of our building stock. We are not architectural curators. We are servants of God in the service of the poor, the marginalised, the week and the spiritually hungry who may never in their lives cross the threshold of a church building, modern, Victoria, or Mediaeval (and we have them all)
7
## **Presbytery of Fife Church of Scotland Trustees Report (cont’d) Year ended 31 December 2025**
## **Financial Review**
The income of the Presbytery comes from, in the main, two sources. The Church of Scotland has made a total contribution of £142,916 in 2025. The allowance from the Church of Scotland will be withdrawn at some time in the future but not before 2027. The second source of income is from Presbytery Dues levied on each congregation. The financial year 2025 ended with total expenditure of £202,882 (2024 - £347,420) as against total income for the year of £241,249 (2024 £270,092) giving a surplus for the year of £38,367 (2024 – deficit of £77,328). At the end of the year the balance of funds carried forward was £255,239 (2024 - £216,872).
The financial viability of the Presbytery going forward is uncertain as the use of the former 5% M and M Presbytery allocation has 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 time of change due to the number of unions taking place adds to the financial uncertainty as the Presbytery moves into 2026.
## **Investment Policy**
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 investment of funds and provides 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 process. Investment in the Trust is also economical and straightforward.
There are three professionally managed funds to meet the congregational requirements providing an element of growth (the Growth Fund) consistent high income with capital protection (the Income Fund) and a place for short term deposits (the Deposit Fund) earning a competitive rate of interest with repayment on demand.
## **Risk Management**
The principal risks and uncertainties facing the Presbytery can be summarised as follows.
- A reducing number of members in the majority of churches threatens the viability of the Presbytery going forward.
- The proposed withdrawal in whole or part of the Church of Scotland contribution of £142,916 in 2025 in support of the Presbytery by 2027. This is a pressing issue as work needs to be done in the run up to the implementation of the withdrawal of the subsidy.
8
## **Presbytery of Fife Church of Scotland Trustees Report (cont’d) Year ended 31 December 2025**
## **Risk Management (cont’d)**
- The implementation 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 easing the increasing burden on the existing Ministers in Charges within the Presbytery.
Officers of the Presbytery will 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 mitigation.
## **Reserves Policy**
The trustees have endeavoured to keep at least enough reserves to ensure they have a year’s salary for all the paid staff and consultants that equates to approximately £177,507. The balance as at 31 December 2025 was £255,239 which is sufficient to cover these costs for a further year.
## **Trustees’ Responsibilities in Relation to the Financial Statements**
The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with the 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 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 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 statement 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 continue in 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 Trustee 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.
9
## **Presbytery of Fife Church of Scotland Trustees Report (cont’d) Year ended 31 December 2025**
## **Trustees Responsibilities in Relation to the Financial Statements (cont’d)**
The trustees are responsible for the maintenance and integrity of the charity and financial information on the Presbytery’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 on 20 June 2026 and signed on their behalf by
Rev Dr Mary Ann Rennie Convener of Business Committee
10
**PRESBYTERY OF FIFE CHURCH OF SCOTLAND**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PRESBYTERY OF FIFE CHURCH OF SCOTLAND**
## **YEAR ENDED 31 DECEMBER 2025**
I report on the accounts of the charity for the year ended 31 December 2025 which are set out on pages 12 to 19.
## **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.
This report is made to the trustees, as a body, in accordance with the terms of my engagement. My work was undertaken so that I might state to the trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the trustees for my work or for this report.
## **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.
## **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, and
- to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations
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.
26/08/2026
Joanne Paul CA Edenbank House Partner 22 Crossgate Henderson Black & Co CUPAR Chartered Accountants Fife KY15 5HW
11
**PRESBYTERY OF FIFE CHURCH OF SCOTLAND**
## **STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2025**
||**Unrestricted**|**Unrestricted**||**Unrestricted**||
|---|---|---|---|---|---|
|||**Funds**|**Total**|**Funds**|**Total**|
||**Notes**|**2025**|**2025**|**2024**|**2024**|
|||**£**|**£**|**£**|**£**|
|**Income from:**||||||
|Charitable activities|**3**|96,928|96,928|103,338|103,338|
|Investment income||1,365|1,365|1,581|1,581|
|**Other income:**||||||
|From The Church of Scotland||142,916|142,916|165,173|165,173|
|Sundry income||40|40|-|-|
|**Total income**||241,249|241,249|270,092|270,092|
|**Expenditure on:**||||||
|Charitable activities|**4**|202,882|202,882|347,420|347,420|
|**Total expenditure**||202,882|202,882|347,420|347,420|
|**Net movement in funds**||38,367|38,367|(77,328)|(77,328)|
|**Reconciliation of funds**||||||
|Total funds brought forward||216,872|216,872|294,200|294,200|
|Total funds carried forward||255,239|255,239|216,872|216,872|
12
**PRESBYTERY OF FIFE CHURCH OF SCOTLAND**
## **BALANCE SHEET AS AT 31 DECEMBER 2025**
|**Unrestricted**
**Funds**
**Total**
**2025**
**2025**
**£**
**£**
**Note**
Debtors and prepayments
**7**
3,008
3,008
273,621
273,621
**Total current assets**
276,629
276,629
**Liabilities**
Creditors: Amounts falling due
within one year
**8**
(21,390)
(21,390)
255,239
255,239
**Total net assets**
255,239
255,239
**Total charity funds**
**10**
255,239
255,239
Cash at bank and in hand
**Net current assets**
**Current assets**|**Unrestricted**
**Funds**
**Total**
**2024**
**2024**
**£**
**£**
2,160
2,160
218,288
218,288|
|---|---|
||220,448
220,448
(3,576)
(3,576)|
||216,872
216,872|
||216,872
216,872|
|||
||216,872
216,872|
The accounts were approved by the Trustees on 20 June 2026 and signed on their behalf by:
Rev Dr Mary Ann Rennie Convener of Business Committee
Mrs Sarah Wood Treasurer
13
**PRESBYTERY OF FIFE CHURCH OF SCOTLAND**
## **CASHFLOW STATEMENT AS AT 31 DECEMBER 2025**
|**Net cash provided by operating activities**
**Cash flows from investing activities:**
Interest received
**Net cash provided by investing activities**
**Change in cash and cash equivalents in the year**
Cash and cash equivalents brought forward
**Cash and cash equivalents carried forward**
**Analysis of cash and cash equivalents**
Cash at bank and in hand
**Total cash and cash equivalents**
**Reconciliation of net income to net cash flow from operating activities**
Net income for the year
Investment income received
Increase in debtors
Increase/(decrease) in creditors within one year
**Net cash provided by operating activities**
**Analysis of changes in net debt**
Opening cash
Cash flows
Closing cash|**Total**
**funds**
**2025**
**£**
53,968
1,365
1,365
55,333
218,288
273,621
273,621
273,621
**2025**
**£**
38,367
(1,365)
(848)
17,814
53,968
**£**
218,288
55,333
273,621|**Total**
**funds**
**2024**
**£**
(99,457)|
|---|---|---|
|||1,581|
|||1,581
(97,876)
316,164|
|||218,288|
|||218,288|
|||218,288|
|||**2024**
**£**
(77,328)
(1,581)
(1,760)
(18,788)|
|||(99,457)|
|||**£**
316,164
(97,876)|
|||218,288|
14
**PRESBYTERY OF FIFE CHURCH OF SCOTLAND**
**NOTES FORMING PART OF THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025**
## **1 Accounting Policies**
Presbytery of Fife is a registered charity with the Office of the Scottish Charity Regulator. The contact address is Wellesley Centre, Wellesley Parish Church, Methill, KY8 3PD.
The principal accounting policies, which have been applied consistently in the current 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 (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).
The Presbytery of Fife constitutes a public benefit entity as defined by FRS102.
The Trustees consider that there are no material uncertainties that would lead them to question the charity's ability to continue as a going concern.
The financial statements are prepared in sterling, which is the functional currency of the charity, and the amounts reported are rounded to the nearest £.
## **Funds**
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 donor or with their authority or created through legal processes, but still within the wider 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**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be reliably measured.
## **Expenditure**
Expenditure is recognised on an accruals basis as the liability is incurred.
## **Taxation**
The Presbytery of Fife 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.
15
**PRESBYTERY OF FIFE CHURCH OF SCOTLAND**
## **NOTES FORMING PART OF THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025**
## **1 Accounting Policies (continued)**
## **Donated services and facilities**
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS102) the general volunteer time of presbytery trustees is not recognised.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised as expenditure in the period of receipt.
## **Financial instruments**
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Basic financial assets (which include debtors and cash and bank balances) and basic financial liabilities (which include creditors) are initially measured at the amount receivable or payable including any transaction costs and are subsequently carried at amortised cost using the effective interest method. Basic financial assets/liabilities, classified as receivable/payable within one year, are not amortised. The charity only has basic financial instruments.
## **Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be reliably measured by the charity; this is normally upon notification of the interest paid or payable by the bank.
## **Tangible fixed assets**
Tangible fixed assets costing in excess of £1000 having a value to the charity greater than one year are capitalised. Depreciation to write off the cost or initial value of tangible fixed assets over their estimated useful lives is as follows:
Office and other equipment - 10 years straight line Computer equipment - 4 years straight line
There were no tangible fixed assets at 31 December 2025 (2024 - nil).
## **2 Judgements and key sources of estimation uncertainty**
In the application of the charity's accounting policies the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.
In preparing these financial statements the Trustees have made the following judgement:
Accruals
Trustees estimate the requirement for accruals using post year end information. This identifies costs that are expected to be incurred for third party services relating to the accounting year but that are not invoiced until after the year end.
16
**PRESBYTERY OF FIFE CHURCH OF SCOTLAND**
## **NOTES FORMING PART OF THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025**
|**3**
**Income from charitable activities**
Presbytery assessments
**4**
**Charitable activities**
Salaries
Social security costs
Pension costs
Other staff costs
Payroll processing
Office rental
Telephone costs
Stationery, print and postage costs
Computer and website costs
Insurance
Travel costs
Presbytery costs
Mission and mission plan costs
Pastoral care costs
Training costs
Independent examination fee
Other expenditure
Mission Fund grants
**Total expenditure**
**Analysis of expenditure**|**Unrestricted**
**Unrestricted**
**Funds**
**Total**
**Funds**
**Total**
**2025**
**2025**
**2024**
**2024**
**£**
**£**
**£**
**£**
96,928
96,928
103,338
103,338
96,928
96,928
103,338
103,338
**Unrestricted**
**Unrestricted**
**Funds**
**Total**
**Funds**
**Total**
**2025**
**2025**
**2024**
**2024**
**£**
**£**
**£**
**£**
142,794
142,794
179,126
179,126
7,424
7,424
12,759
12,759
16,138
16,138
18,727
18,727
11,151
11,151
3,008
3,008
905
905
905
905
3,000
3,000
3,000
3,000
380
380
318
318
646
646
609
609
941
941
2,115
2,115
1,297
1,297
1,325
1,325
4,128
4,128
7,958
7,958
1,034
1,034
1,066
1,066
2,021
2,021
3,199
3,199
4,834
4,834
13,204
13,204
839
839
-
-
3,174
3,174
3,186
3,186
176
176
69
69
2,000
2,000
96,846
96,846
202,882
202,882
347,420
347,420
202,882
202,882
347,420
347,420|**Unrestricted**
**Unrestricted**
**Funds**
**Total**
**Funds**
**Total**
**2025**
**2025**
**2024**
**2024**
**£**
**£**
**£**
**£**
96,928
96,928
103,338
103,338
96,928
96,928
103,338
103,338
**Unrestricted**
**Unrestricted**
**Funds**
**Total**
**Funds**
**Total**
**2025**
**2025**
**2024**
**2024**
**£**
**£**
**£**
**£**
142,794
142,794
179,126
179,126
7,424
7,424
12,759
12,759
16,138
16,138
18,727
18,727
11,151
11,151
3,008
3,008
905
905
905
905
3,000
3,000
3,000
3,000
380
380
318
318
646
646
609
609
941
941
2,115
2,115
1,297
1,297
1,325
1,325
4,128
4,128
7,958
7,958
1,034
1,034
1,066
1,066
2,021
2,021
3,199
3,199
4,834
4,834
13,204
13,204
839
839
-
-
3,174
3,174
3,186
3,186
176
176
69
69
2,000
2,000
96,846
96,846
202,882
202,882
347,420
347,420
202,882
202,882
347,420
347,420|
|---|---|---|
|||347,420
347,420|
||||
|||347,420
347,420|
Support costs have not been separately identified as the trustees consider there is only one charitable activity and therefore support costs relate wholly to that activity.
17
**PRESBYTERY OF FIFE CHURCH OF SCOTLAND**
## **NOTES FORMING PART OF THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025**
## **5 Staff costs and numbers**
|Salaries and wages
Social security costs
Pension costs
Other staff costs
Total|**2025**
**£**
142,794
7,424
16,138
11,151
177,507|**2024**
**£**
179,126
12,759
18,727
3,008|
|---|---|---|
|||213,620|
Staff costs includes redundancy of nil (2024 - £1,516)
1 employee received remuneration in the band £60,000 to £70,000.
The key management personnel of the charity comprise the Presbytery Clerk and Mission Director. The total remuneration of the key management personnel during the year was £121,464 (2024 - £110,787).
The average number of employees during the year, calculated on the basis of a head count, was as follows:
|Key management personnel
Presbytery buildings officer
Administration
Pastoral care|**2025**
**£**
2
-
1
1
4|**2024**
**£**
3
1
2
-|
|---|---|---|
|||6|
## **6 Trustee expenses, remuneration and related party transactions**
The following trustees are not remunerated for their services as trustees but hold a contract of employment in a personal capacity. They received the following gross salary, pension contributions and death in service and other benefits by reason of their employment:
Rev D Coulter nil; nil; nil (2024 £21,805; £2,952; £506) Rev A Shuttleworth £51,250; £3,587; £9,000 (2024 £29,167;nil; nil) L Fraser nil; nil; nil (2024 £5,857; nil; nil) L Jones £nil; nil; nil (2024 £4,410; nil; nil)
Expenses of £2,145 were paid to 4 trustees for travel and telephone (2024 - £2,681 to 6 trustees).
Margaret Kimmitt, spouse of a trustee, received £1,898 as an employee providing pastoral care services (2024 £9,882 for the delivery of pastoral co-ordinating services on a self employment basis).
|**7**
**Debtors and prepayments**
Other debtors|**2025**
**£**
3,008
3,008|**2024**
**£**
2,160|
|---|---|---|
|||2,160|
18
**PRESBYTERY OF FIFE CHURCH OF SCOTLAND**
## **NOTES FORMING PART OF THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025**
## **8 Creditors: amounts falling due within one year**
|**reditors: amounts falling due within one year**|||
|---|---|---|
|Payroll processing
Expenses
Salaries
Independent examination fee
Computer software licence|**2025**
**£**
605
590
15,845
3,576
774
21,390|**2024**
**£**
-
-
-
3,576
-|
|||3,576|
## **9 Volunteers**
The Presbytery of Fife benefits from the considerable contribution made by volunteers who give their time and talents willingly for the benefit of the Presbytery. The areas of the work of the Presbytery 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.
## **10 Movements in Funds**
|**Unrestricted funds**
General Fund
**Total funds**
**Unrestricted funds**
General Fund
**Total funds**|**At 1**
**January**
**2025**
**Income Expenditure Transfers**
**£**
**£**
**£**
**£**
216,872
241,249
(202,882)
-
216,872
241,249
(202,882)
-
216,872
241,249
(202,882)
-
**At 1**
**January**
**2024**
**Income Expenditure Transfers**
**£**
**£**
**£**
**£**
294,200
270,092
(347,420)
-
294,200
270,092
(347,420)
-
294,200
270,092
(347,420)
-|**At 31**
**December**
**2025**
**£**
255,239|
|---|---|---|
|||255,239|
||||
|||255,239|
|||**At 31**
**December**
**2024**
**£**
216,872|
|||216,872|
||||
|||216,872|
## **Purposes of Funds**
General Fund: Funds for the general purposes of the Presbytery.
19
## **APPENDIX 1 PRESBYTERY OF FIFE CHURCH OF SCOTLAND**
## **YEAR ENDED 31 DECEMBER 2025 MEMORANDUM TO THE FOREGOING ACCOUNTS**
## **LOGIE, MOONZIE AND FORGAN FUND**
**Funds held by the Church of Scotland General Trustees which are not included in the foregoing accounts.**
|**£**
**Capital account**
Balances held at 31 December 2025 at cost
Market value of balances at 31 December 2025
**Revenue account**
Balance at 1 January 2025
Add deposit and growth fund interest and
dividends less any costs
Balance at 31 December 2025|**2025**
**£**
**£**
76,038
129,101
160,645
10,108
170,753|**2024**
**£**
76,038|
|---|---|---|
|||120,315|
|||149,794
10,851|
|||160,645|
The Logie, Moonzie and Forgan Fund is a restricted fund held and controlled by the General Trustees; restricted, 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 Wormit.