CONGREGATIONAL ACCOUNTS 2014

Transcription

1 The Church of Scotland Duror Parish Church CONGREGATIONAL ACCOUNTS 2014 RECEIPTS AND PAYMENTS ACCOUNTS Congregation No: Charity No: SC Receipts and Payments 1

2 Reference and Administrative Information Charity Name: Charity Registration Number: Duror Parish Church SC Congregation Reference No: Contact Address: Mrs C Anderson (Duror Parish Church Treasurer) Darach DUROR Argyll PA38 4BS Trustees Miss J Cameron Mr A Milton Mrs R Cameron Mr H Petrie Mr D Chrystal Miss R Stroyan Mrs E Gill Principal Office-bearers Locum Minister Interim Moderator Session Clerk Church Treasurer Presbytery Elder Rev A Winning Mrs E Gill Miss J Cameron Mrs C Anderson Mrs R Cameron Independent Examiner Mr R Allward Ach-na-Sith Duror Argyll PA38 4BS Bankers The Royal Bank of Scotland 26 George Street Oban Argyll PA34 5SA 2

3 Trustees Annual Report Year ended 31 December 2014 Structure, Governance and Management Governing Document The Church is administered in accordance with the terms of the Deed of Constitution (Unitary Form). Recruitment and Appointment of Trustees Members of the Kirk Session are the charity trustees. The Kirk Session members are the elders of the church and are chosen from those members of the church who are considered to have the appropriate gifts and skills. The minister, who is a member of the Kirk Session, is elected by the congregation and inducted by Presbytery. Organisational Structure The Session is chaired by the minister and meets six times in a year, and has a joint meeting with St Munda, Glencoe, at least once a year. The Kirk Session is responsible for spiritual affairs within the church and those that would otherwise be the responsibility of a Congregational Board. Objectives and Activities The Church of Scotland is Trinitarian in doctrine, Reformed in tradition and Presbyterian in polity. It exists to glorify God and to work for the advancement of Christ s Kingdom throughout the world. As a national Church, it acknowledges a distinctive call and duty to bring the ordinances of religion to the people in every parish of Scotland through a territorial ministry. It co-operates with other Churches in various ecumenical bodies in Scotland and beyond. Services of Worship: Sunday Communion 10.00, plus 12 joint Services with St Munda's on last Sunday of every month, alternately in each church. 1 st Sunday in March and October. Sunday School First and third Sundays of month, during school terms. (In abeyance since August 2013.) After School Club Youth Group (For secondary age) After school, most Fridays during school terms, in fourweek blocks. (for pre-school & primary school children, and young families). Every 2nd and 4th Tuesday pm, during school terms. 3

4 Trustees Annual Report (cont) Year ended 31 December 2014 Achievements and Performance Sunday Worship Attendance Average 15 (excluding Sunday School) Sunday School Currently in abeyance. After School Club 10 Youth Group 8 (secondary school pupils) Guild 12 Village Lunch 30 (Sponsored by Campbell Bequest Fund) Christian Aid Lunch Harvest Thanksgiving Contributions to Lochaber Foodbank Wednesday Coffee Mornings Run by the Guild. Average attendance 30 (monthly February - December) World Day of Prayer Jointly with St Adamnan's Episcopal Church Burns Ceilidh Fund-raising event for Duror Church funds. Harvest Supper Fund-raising event, jointly with KDCC, for Duror Church funds and KDCC funds. Flower Festival Fund-raising event for Duror Church funds. Talents Challenge Fund-raising event, jointly with St Munda's, for Manse Fund. A replacement Manse was purchased with the greatly appreciated help of the General Trustees. Financial Review The principal source of income is from weekly offerings. The 2014 offerings showed an overall increase of 159 compared with Gift Aid offerings remained the same, but there was an increase in both non-gift Aid Freewill Offerings, and Ordinary Offerings. Gift Aid offerings constituted more than 80% of total offerings. The Gift Aid refund of received in 2014 was based on donations received in Our total funds showed an increase of 1140 by the end of the year, and the market value of investments in Church of Scotland funds was up by approx 4.6% on the 2013 figure. Fund-raising events raised a total of for church funds. Monetary donations totalling were made to: Christian Aid ; The 2 Lochs Project; Mary's Meals; Erskine; and Kentallen & Duror Community Centre. In addition, donations in kind were made to Lochaber Food Bank. Ministries and Mission Contribution 2014: see Note 7. Reserves Policy It is the Trustees' policy to hold reserves of approximately six months' expenditure including designated funds. At the year end the Church held unrestricted funds of 28619, of which had been designated for the Fabric Fund, 1840 for the Manse Fund and 7285 for the Project Fund. The General Fund balance alone, of 7560, is equivalent to between 5 and 6 months' expenditure, based on the level of expenditure in The Church also held 4046 of restricted funds which have been provided for the purposes specified in Note 2. 4

5 Trustees Annual Report (cont) Year ended 31 December 2014 Statement of Trustees' Responsibilities The members of the Kirk Session must prepare financial statements which give sufficient detail to enable an appreciation of the transactions of the Church during the financial year. The members of the Kirk Session are responsible for keeping proper accounting records which, on request, must reflect the financial position of the Church at that time. This must be done to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 and the Regulations Anent Congregational Finance approved by the General Assembly of the Church of Scotland in They are also responsible for safeguarding the assets of the Church and must take reasonable steps for the prevention and/or detection of fraud and other irregularities. Approved by the Trustees and signed on their behalf, Janice Cameron Session Clerk Signed...Janice Cameron... Date 3/2/15.. 5

6 Duror Parish Church SC Independent Examiner s Report to the Trustees of Duror Parish Church I report on the accounts of the charity for the year ended 31 December 2014 which are set out on pages 7 to 12. 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 by the Charities Accounts (Scotland) Amendment Regulations The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention. Basis of independent examiner s statement My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 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 [other than disclosed below*] 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 9 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. Name and address: Mr Ross Allward Ach-na-Sith Duror Argyll PA38 4BS Signed:...Ross Allward... Date:...9/2/15... * Please delete the words in brackets if they do not apply. If the words do apply set out those matters which have come to your attention. 6

7 Duror Parish Church Receipts and Payments Account Year ended 31 December 2014 Unrestricted Restricted Endowment Funds Funds Funds Total Total Receipts Note Donations Legacies 0 0 Activities for Generating Funds Bank & Deposit interest Investment income Rental of premises Sale of assets Sale of investments Grants Receipts from General Trustees Other Receipts Total Receipts Payments 4 Costs of generating funds Charitable activities Governance costs Total Payments Excess of Receipts over Payments for the year before transfers Transfers Excess of Receipts over Payments for the year

8 Duror Parish Church Statement of Balances At 31 December 2014 Unrestricted Restricted Endowment Total Total funds funds funds Note Bank & Cash Balances Bank & cash balances brought forward Movement in year: Excess of Receipts over Payments for the year Bank & cash balances carried forward NB: the final figure of includes in Petty Cash, received in 2014 and allocated to Funds, but not banked before 31/12/14 Investments at market value (cost 35597) Assets Gift Aid Receivable Liabilities Cost of repair not yet billed The accounts were approved by the Kirk Session and Financial Board on 3/2/15... For and on behalf of the Kirk Session and Financial Board Janice Cameron Session Clerk C Anderson Treasurer 8

9 Duror Parish Church Notes to the Accounts 1 Trustee Remuneration and Related Party Transactions During the year 0 trustees received reimbursement of expenses. (Please note: Minister's expenses are reimbursed in full to the Minister by St Munda's Glencoe and the amount is stated in St Munda's Congregational Accounts. Duror Church later reimburses St Munda's Glencoe for our percentage share of this and other shared expenses, but does not reimburse the Minister directly. ) 2 Movements in Funds Unrestricted funds At 31 At 1 January Dec 2014 Receipts Payments Transfers 2014 Designated Fabric Fund Designated Project Fund Designated Manse Fund General Fund Restricted funds Campbell Bequest Fund Total funds Purposes of Designated Funds Fabric Fund; Normal repairs and maintenance are met from the General Fund; extraordinary items from the Fabric Fund. Project Fund: to be used at the discretion of the Kirk Session for any project benefiting the Church. Manse Fund: Established to meet Duror's share of major repairs which may be required at St Munda's Manse Purposes of Restricted Funds Campbell Bequest Fund: This Fund was set in 1952 by Lachlan Campbell and the Capital is held by the General Trustees. The income is administered by the Kirk Session for the good of the poor of the parish. 9

10 3. Analysis of Donations Unrestricted Restricted Endowment Funds Funds Funds Total Total WFO Scheme (non Gift Aid) Gift Aid Donations Tax Recovered on Gift Aid Donations Ordinary Offerings (Open Plate) Other Offerings, Donations etc Analysis of Payments Costs of generating funds Investment Managers fees Offering envelopes & fund-raising expenses Charitable activities Ministries & Mission allocation Presbytery dues Donations to Third Parties Locum Minister's expenses Youth Work & Sunday School Pulpit supply costs & Locum salary Fabric repairs & maintenance - Church Other fabric costs - Manse Council Tax - Manse Heat and light - Manse & Church Insurance - Church Insurance - Manse Church Magazine - Link Life and Work Printing, stationery and postage Music, choir & miscellaneous expenses Governance costs Independent examiner s fees Other payments Purchase of assets Purchase of investments 10

11 5 Minister s Stipend All Church of Scotland congregations contribute to the National Stipend Fund which bears the costs of all ministers' stipends and employer's contributions for national insurance, pension and housing and loan fund. Ministers' stipends are paid in accordance with the national stipend scale, which is related to years of service. For the year under review the minimum stipend was 25607, and the maximum stipend (in the fifth and subsequent years) Collections for Third Parties Erskine 50 Two Lochs Project 50 Mary's Meals 204 Christian Aid Christian Aid (Philippines Appeal) 121 ActionAid Ministries and Mission Allocation The Ministries and Mission Contribution for 2014 was 5817, reduced by Vacancy Allowance of 4853, to a final figure of 964. This was paid in full before 31 December Duror Guild Accounts 2014 Duror Guild Accounts for 2014 are attached. 11

12 APPENDIX FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES CAPITAL ACCOUNT Credit Balances held at 31 December at cost Market Value of Balances at 31 December Notes 1. If any of the above lines do not apply to your congregation for both of the years being reported then they can be removed from the note. 2. The note only requires the year end figure for each year to be shown. Detailing the movements is not necessary but can be shown as additional disclosure if considered appropriate. 3. Capital and Revenue accounts are always credit balances but Temporary accounts can be either credit or debit balances. If a debit figure this should not be included as a liability but in most cases will be recouped from property sale proceeds in due course. If this situation applies it may be appropriate to include an explanatory statement as part of the note. 12

13 Duror Guild Accounts 2014 Expenditure Income Projects Mary's Meals Petty Cash Passage from India World Day of Prayer Guild Badges Coffee Mornings Guild Capitation Fees Christine's Cards Lochaber Cancer Palliative Care Subscription World Day of Prayer Erskine Heart for Art Lochaber Pres. Dues Duror Parish Church Balance 31/12/ Balance 31/12/ Expenditure Petty Cash Income Trans to Bank Cards 3.00 Gift for Moira Subscriptions Balance 31/12/ Balance 31/