Annual Accounts

  

 

 

The Church of Scotland

 

Kinlochleven Parish Church

 

 

 

 

 

 

RECEIPTS AND PAYMENTS

ACCOUNTS

2020

 

 

 

 

Congregation No: 382180

 

Charity No: SC 030288

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-2-

   Reference and Administrative Information

 

      Charity Name:                                   Kinlochleven Parish Church

 

      Charity Registration Number:           SC030288

 

      Congregation Reference No:             382180

 

      Contact Address:                                         c/o

 

   Trustees

 

   Kirk Session                                                                    Congregational Board

   Rev. Dr. Malcolm Kinnear                                              

 

   Principal Office-bearers

 

   Minister:                      Rev. Dr. Malcolm Kinnear

   Session Clerk:             Arthur Custance

   Clerk to the Board:     Rhona Lawson

   Church Treasurer:       Rhona Lawson

 

 

   Independent Examiner

 

  

 

 

   Bankers

 

   Royal Bank of Scotland,

   6 High Street

   Fort William

   Highland

   PH33 6AS

 

 

 

 

 

-3-

    Trustees’ Annual Report

    Year ended 31 December 2020

 

     Structure, Governance and Management

 

      Governing Document

 

      The Church is administered in accordance with the terms of the Deed of Constitution.

 

     Recruitment and Appointment of Trustees

 

     Members of the Kirk Session and the Congregational Board 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. The Congregational Board

    is appointed from within the congregation and members of the congregation are invited to

    nominate individuals who are believed to have the skills and commitment to contribute to the

    management affairs of the Church, to become members of the Board. Board Members are then

    appointed at the Stated Annual Meeting and serve for a period of three years after which they must

    seek re-election at the next Stated Annual Meeting.

 

 

     Organisational Structure

 

 

      The Congregational Board is chaired by the minister and meets eight times in a year.  The Kirk

    Session which meets six times a year is responsible for spiritual affairs within the church and acts

     as both  finance and property committees.

 

 

     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.

 

      Unfortunately, there is no Sunday School or Youth Fellowship at the moment.  There is a Guild of

      around 10 and  Pensioners Lunch Club of about 15.

  

     Achievements and Performance

      Repair work this year has been mainly boiler servicing and electrical testing.

      Expenses have been mainly Covid safety equipment and microphone equipment for online services.

      Due to Covid, we only raised money for and donated to Poppy Scotland..

  .    

 

 

-4-

 

   Trustees’ Annual Report (cont) Year ended 31 December 2020

 

 

    Financial Review

 

    Our main source of income is from weekly offerings.  These have dropped this year, as has number of

    members giving by Gift Aid, due to bereavement and the church closures..

    We raised £129 for Earl Haig.

    There was no Faith Mission Summer Scheme this year to donate to.

 

  

    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 cash funds of £46866.77 which includes our Reserve Fund.

 

    We are still planning to replace the Church Hall windows at some point in 2021,

    therefore we must retain the Reserve and Fabric Funds at their current levels.  

 

  

   Statement of Trustees' Responsibilities

 

   The members of the Kirk Session / Congregational Board 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 / Congregational Board 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 2007. 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,

 

   

  

 

    Rev Kinnear

 

 

 

 

    Session Clerk

 

                                                                                                                            Date …………………

 

 

 

 

 

-5-

 

     Kinlochleven Parish Church                                                               SC 030288

     Independent  Examiner’s Report to the Trustees  of  Kinlochleven  Parish Church                      

 

     I report on the accounts of the charity for the year ended 31 December 2020.    

 

     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.

 

     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 2006. 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  provide

    all the evidence that would be required in an audit.

  

     Independent examiner’s statement

     In the course of my examination, no matter has come to my attention 

1.     which gives me any 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.

 

       In my opinion, the accounts and notes thereon have been properly prepared, on a cash basis and

      comply   with the General Assembly's regulations anent Congregational finance.

     There is a balance to the credit of the Church of Scotland of fiftytwo thousand nine hundred and

     fiftyeight pounds  and seventyeight pence (£52958.78).

 

 

      Signed: 

 

        Name:               

                                                                                                                Date …………

:                                                               

 

6-

 

 

 

    Kinlochleven Parish Church

 

 

 

 

 

 

 

    Receipts and Payments Account

 

 

 

 

 

 

   Year ended 31 December 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrestricted

 

Restricted

 

Endowmen

 

 

 

 

 

 

 

 

 

 

Funds

 

Funds

 

Funds

 

Total

 

Total

 

 

 

 

 

 

2020

 

2020

 

2020

 

2020

 

2019

 

 

 

     Receipts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Donations

 

21570.31

 

 

 

 

 

21570.31

 

24284.57

 

 

 

 

   Activities for Generating  

    Funds    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bank & Deposit interest

 

16.77

 

15.01

 

 

 

31.78

 

38.74

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rental of premises

 

960.00

 

 

 

 

 

960.00

 

960.00

 

 

 

Special Collections

 

204.50

 

 

 

 

 

204.50

 

326.50

 

 

 

Linked shared expenses

 

1618.14

 

 

 

 

 

1618.14

 

3580.78

 

 

 

Other Receipts

 

1984.63

 

 

 

 

 

1984.63

 

590.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Legacy                                                                                      

 

100.00

 

 

 

 

 

100.00

 

00.00

 

 

    Total Receipts

 

26454.35

 

15.01

 

 

 

26469.36

 

29780.59

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Payments

 

 

 

 

 

 

 

 

 

 

 

 

 

Costs of generating funds

 

84.04

 

 

 

 

 

84.04

 

108.70

 

 

Charitable activities

 

24031.64

 

 

 

 

 

24031.64

 

27638.49

 

 

 

Governance costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Total Payments

 

24115.68

 

 

 

 

 

24115.68

 

27747.19

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Excess of Receipts over Payments

    for the year before transfers

2338.67

 

15.01

 

 

 

2353.68

 

2033.40

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Transfers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Excess of Receipts over Payments

    for the year

2338.67

 

15.01

 

 

 

2353.68

 

2033.40

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                   

                     

 

     

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                                                      

 

 

 

                                                                     -7-                                                                                     

     Kinlochleven Parish Church

 

 

 

 

 

     Statement of  Balances

 

 

 

 

 

 

 

 

 

 

 

 

 

    At 31 December 2020

 

 

 

 

 

 

 

Unrestricted

Restricted

Total

Total

 

 

 

funds

funds

2020

2019

 

 

Note

£

£

£

£

 

 

 

 

 

 

 

 

    Bank & Deposit Balances

 

 

 

 

 

 

     Bank & deposit balances

     brought forward 1/1/20

 

33144.20

17460.90

50605.10

49571.70

 

 

 

 

 

 

 

 

    Movement in year:

 

 

 

 

 

 

     Excess of  Receipts over Payments

       For the year       

 

2338.67

15.01

2353.68

2033.40

 

 

 

 

 

 

 

 

     Bank & deposit balances

 

 

 

 

 

 

     carried forward

 

35482.87

17475.91

52958.78

51605.10

 

 

 

 

 

 

 

 

     Investments at market value

 

 

 

 

 

 

     

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

     Gift Aid Receivable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Liabilities

 

 

 

 

 

 

     Cost of repair not yet billed

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     The accounts were approved by the Kirk Session and Financial Board on

 

     for and on behalf of the Kirk Session and Financial Board

 

 

__________________________________________________      For Session Clerk

 

 

__________________________________________________       Treasurer

 

 

-8-

   Kinlochleven Parish Church

   Notes to the Accounts

 1

Trustee Remuneration and Related Party Transactions

 

 

The Minister's travel expenses for the period Dec '19 to July '20 totalled  £1072.39

No other trustee received reimbursement of any sort.

 

 

No trustee or a person related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year.

 

 

2

Movements in Funds

 

 

 

 

 

 

 

 

 

 

 

 

At 1 January

 

 

 

 

 

 

 

At 31 Dec

 

 

 

 

2020

 

Receipts

 

Payments

 

Transfers

 

2020

 

 

 

 

£

 

£

 

£

 

£

 

£

 

Unrestricted funds

 

 

 

 

 

 

 

 

 

 

General Fund

33144.20

 

26454.35

 

24115.68

 

 

 

35482.87

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted funds

 

 

 

 

 

 

 

 

 

 

Reserve Fund/New Access

11371.97

 

11.93

 

 

 

 

 

11383.90

 

Fabric Fund

5371.93

 

2.70

 

 

 

 

 

5374.63

 

Flower Fund

218.19

 

0.12

 

 

 

 

 

218.31

 

Organ Fund

301.59

 

0.16

 

 

 

 

 

301.75

 

Joint Manse Fabric Fund

197.22

 

0.10

 

 

 

 

 

197.32

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total funds

50605.10

 

26469.36

 

24115.68

 

 

 

52958.78

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purposes of Restricted Funds

 

 

 

 

 

 

 

 

 

 

Joint Manse Fabric Fund: The Joint Trustees have set aside funds for the maintenance of the Manse.

Organ Fund: The Trustees have set aside funds for the maintenance of the organ.

Fabric Fund:  This is a fund for the maintenance of the Church /Hall and contents.

Flower Fund: This is a fund to provide flowers for display during services of worship and also for the garden.

Investment Fund: 5 ½ % Treasury Stock – this was cashed and added to our unrestricted income.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-9-

 

 

 

   Guild Accounts:                         1/1/20       Opening Balance                               724.35

                                                                         Total Income                                     720.45  

                                                                         Total Expenditure                           1056.00

                                                      31/12/20     Closing Balance                             £388.80

 

 

                         

   Lunch Club                              1/1/20        Opening Balance                                 232.79

                                                                        Total Income                                       163.76

                                                                        Total Expenditure                               200.00

                                                    31/12/20    Closing Balance                                 £196.55                      

 

 

   

 

-10-

 

 

 

Unrestricted

 

 

Restricted

 

 

Endowment

 

 

 

 

 

 

Funds

 

Funds

 

Funds

 

Total

 

Total

 

 

2020

 

2020

 

2020

 

2020

 

2019

 

 

£

 

£

 

£

 

£

 

£

 

3  Analysis of Donations

 

 

 

 

 

 

 

 

 

 

WFO Scheme and

 

 

 

 

 

 

 

 

 

 

Gift Aid Donations

15896.50

 

 

 

 

 

 

 

15566.72

 

Tax Recovered on Gift Aid Donations

2826.55

 

 

 

 

 

 

 

2764.57

 

Ordinary Offerings (Open Plate)

1537.26

 

 

 

 

 

 

 

1531.07

 

Other Offerings, Donations etc

1310.00

 

 

 

 

 

 

 

4422.21

 

 

21570.31

 

 

 

 

 

21570.31

 

24284.57

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 4  Analysis of Payments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Costs of generating funds

 

 

 

 

 

 

 

 

 

 

Offering envelopes/cash book

84.04

 

 

 

 

 

 

 

108.70

 

 

84.04

 

 

 

 

 

 

 

108.70

 

Charitable activities

 

 

 

 

 

 

 

 

 

 

Ministries & Mission allocation

13783.67

 

 

 

 

 

 

 

11128.37

 

Presbytery dues (late banked)

383.00

 

 

 

 

 

 

 

820.00

 

Minister's Travel

1072.39

 

 

 

 

 

 

 

1913.68

 

 

 

 

 

 

 

 

 

 

 

 

Pulpit supply/Melvil Organist

50.00

 

 

 

 

 

 

 

70.00

 

Manse phone/Internet

712.60

 

 

 

 

 

 

 

691.52

 

Honor.

100.00

 

 

 

 

 

 

 

100.00

 

Fabric repairs & maintenance

2220.59

 

 

 

 

 

 

 

5732.21

 

Council Tax

2296.02

 

 

 

 

 

 

 

2020.58

 

Heat/Light/Clean

1970.51

 

 

 

 

 

 

 

2616.17

 

Insurance

1235.86

 

 

 

 

 

 

 

1309.96

 

Gift & flowers

0.00

 

 

 

 

 

 

 

525.00

 

Sundry

43.00

 

 

 

 

 

 

 

 

 

Mission & Wider Work

164.00

 

 

 

 

 

 

 

711.00

 

Transfers

 

 

 

 

 

 

 

 

 

 

 

24115.68

 

 

 

 

 

 

 

27747.19

 

Governance costs

 

 

 

 

 

 

 

 

 

 

Independent examiner’s fees

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-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 £28137 and the

       maximum stipend (in the fifth and subsequent years) £34577.

 

 

 

2020

 

2019

 

 

£

 

£

 

  6. Collections for Third Parties

 

 

 

 

Scottish Poppy Appeal

 129

 

  38

 

Leprosy

 

 

133

 

Christian Aid

 

 

49

 

Open Doors (Dec 19)

 

 

75

 

Food Bank

 

 

106

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

129

 

401

 

 

 

 

 

 

           7.    The Mission and Ministry allocation for Kinlochleven Church was £13784 and was paid in

                   full by  31st   January 2021.

 

 

 

 

FUNDS HELD ON BEHALF OF THE CONGREGATION

BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES