Cambuslang Parish Church of Scotland Receipts and Payments Accounts Year ended 31 December 2024 Congregation No: 160845 Charity No: SC000061
Cambuslang Parish Church of Scotland Reference and Administrative Information Charity name.. CambuslanE Parish Church of Scotland Charity Registration Number- SCOOl)061 Congregational Ref Number 160845 Contact Address- 1-2 Arnott Way Cambuslan8 G72 7JQ Trustees Prlnclpal Office Bearers M ini5tei= Vacant Session Clerk: Church Treasurer.. Independent Examiner Bankers Royal Bank of Scotland 88 Main Street Rutherglen Glasgow G73 2JA Page I
Cambuslang Parish Church of Scotland Trustees. Annual Report Year ended 31 December 2024 The Trustees are pleased to present their report and accounts for the year ended 31 December 2024. Structure, Governance and Management Governing Document The congregation is a registered charity, number SCO¢MJ61 and is administered in accordance with the terms of the Deed of Constitution Iunitary Forml and is subject to the Acts and Regulations of the General Assembly of the Church of Scotland. Recruitment and Appointment of Trustees Members of the Kirk Session are the charity trustees. The Kirk Session member5 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 Kirk Session, which normally meets 9 times a year, 15 responsible for spiritual affairs within the church. Certain financial and fabric responsibilities are delegated to the Finance Committee and the Fabric Committee as appropriate. 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 Chrisvs Kingdom throughout the world. As a national Church, it acknowledge5 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 othef Churches in various ecumenical bodies in Scotland and beyond. The Church meets every Sunday for morning worship. There is also a regular midweek service. We have a formal Parish Grouping with Flemington Hallside Parish Church and participate in shared activities, and shared worship at other times of the year. Cambuslang Parish Church provides pastoral care services for people within the parish area. The Church has Sunday Groups and a number of uniformed organisations (Boys. and Girls, Brigade etcl for young people. The Church also has a Bible Study Group and many of the congregation participate in community based events and projects. The Church also serves the needs of the community by allowing the use of its halls to many non-church orEanisations, such as Alcoholics Anonymous. Girl Guides. Scouts. Meet and Two Veg, and Cambuslang & Rutherglen Voluntary Care Club. We have an informal agreement within our'cluster, consisting of Burnside Blairbeth. Ruthergien Stonelaw, Flemington Hallside and Cambuslang Parish Churches. Working towards sharing resources and outreach within our parishes. Page 2
Cambuslang Parish Church of Scotland Trustees. Annual Report Year ended 31 December 2024 Achievements and Performance In 2024 the Ministry Team of Cambu51ang Parish Church comprised Of1nister (until 7, May 20241, as continued his 6ppoirntrnent a5 interim moderator and the vas appoinled locum from MBrch 2024 and continues in this position. As a congregation we continue to be supported by the Church of Scotland Ministries Council in the employment of the Deacon. We are very grateful for the continuity as brought Jesponsibilities include pastoral care and leading worship. She a150 h35 respon5ihilily for children's work.. our Sunday Club Iled bi, numbers are stable. We are being supported during vacancy and previousty durinabsence by the Easterhouse Parish Church, who continue5 to act as our Interim Moderator. ed the Session with much wisdom, as well as being involved in the life of the congregation. During the year we held an Elders Tea which helped to idcntify areas of concem and requiring development for our congregation and plan with the support of and others to work through these outcomes to better prepare our church. congregation and eldership for the processes involved in finding a suitable minister to lead our congregation forward. minister of continues as Session Clerk. In addition. we continue to benefit from the servi5 of as our volunteer church secretary, who is in the office one day a week. The Church employs a Caretaker, A,hose salary is to met by income generated by our halls. We a150 employ a clcli n.. r, for both the Arnott I'¥',iy Building and the Kirkhill Halls. We employ an organist. wlio also leods our Choir ontinue5 as our Treasurer supported by the Finance Team. Our Iiidependent Ixaminer 15 Kristina BoK'ie. Through 2024 the congregation lost. by death. a number of well-loved and prominent members. Throughout that time we were aware of the strength of our Church family in offering comfort and support in bereavement. We also had some baptisms and a weddin& which allowed us to share the joy of the gospel with folks in our communitv. We have also seen our 5choo15 work develop. in parlner5hip with the ReaclM)ut trust. wh05e offices are in our building. We have also seen the continuation of joint activities once more with our parish grouping partners at Flemin8ton Hallside Church and enjoy some joint actbvities with our Presbytery planning "Clusterf,. These have included the expansion of the monthly Men's Breakfast club, and evening praise events. We were also once again able to run a Holiday Club. The year also saw the continuatiun of splar Easter and Chri5tma5 services, and the return of our Tuesday Service. Our Youth Organisations have returned to some normality, as have our adu fellowships {the Guild and the Neighbourlyl- The Fundraising Group have been active including ofganisation of a very successful plant sale. We also saw the return of our community Christmas Tree Festival and carol service. As we come again to our Annual State(l Meeting we are delighted tobe in a good financial position due in part to our TasUrer. the good work of our Fabric Officer to control expenditure in this key area, the efforts made in Fundraising. the efforts of the Congregation to maintain their offerings. and a further increase in hall lets in large part refleciing the hard work of our Hall Convenor. Page 3
We continue our partnership with a community organi5ation called Meet and Two VeB. This collects fresh food which would have gone to waste from local supennarkets and distributes this at the church. Our partnership with Theatre South Productions ha5 successfully provided community theatre facilities. This has brought benefits both to this atnateur dramatic group and to the congregation and greatly increased the level of facilities available to let, with several dance, drama and community group5 Utilising these professional facilities. have together brought a level ol expert15e that has enabled an increase in hall use to the benefit of Eoth the Church and the local community, let income, and ha5 enabled further UPErading of f<lLilities io be planned for tl)e coming year. The facilities we provide continue to play an irnportant role in the local community with users of our premises including Boys Brigade, Girls Brigade, Scouts, Gid Guides, Alcoholics Anonymous, Meet & Two Ve& Reachout Trust and Mothers & Toddlers who all receive this free of charge. In addition, our premises are utilised by certain commercially run Eroups and clubs who make payment5 that contribute towards the operation and wnaintenance of our premise5. Page4
Cambuslang Parish Church of Scotland Trustees. Annual Report Year ended 31 December 2024 Financial Review Unrestrirted funds There was an excess of receipts over payments of £12.249 {2023= £6.745}. It should be noted that funds were drawn down from the Fabric Revenue Fund held by the General Trustees. Givings including tax recovered on Gift Aid at £105,807 were lower than 20231£118,6431 mainly due to the timing of the recovery of gift aid. There was £15.168 of fabric repairs and maintenance compared to £10.610 in 2023, with the increase largely attributable to the cost of decorating our Kirkhill halls. The cash balance at 31 Dember 2024 totalled £82,362 compared to £70.113 at 31 December2023. The 31 December 2024 market value of the units held in the Church of Scotland Investors Fund amounted to £32,236 compared to £29.457 as at 31 December 2023. Restrirted fund5 There was an excess of receipts over payments of £3512023 excess of payments over receipts of £6101. The 31 December 2024 market value of the units held in the Church of Scotland Investors Trust amounted to £24,463 compared to £22,354 as at 31 December 2023. Endowment funds There was an excess of receipts over payments of £1,958 (2023 £1911. The 31 December 2024 market value of the units in Church of Scotland Investors Fund at £114,540 compared to £104,666 as 31 December 2023. Page 5
Cambuslang Parish Church of Scotland Trustees. Annual Report Year ended 31 December 2024 Fabric Capital and Revenue Funds held by Church of Scotland General Trustees Fabric Capital Fund5 increased by a net amount of £11,35012023 £7.3981 reflecting an incrèase in the value of inve5tment5 in the Church of Scotland Investors Fund units with no cost incurred during the year12023 £3,096). At 31 December 2024 Fabric Capital Funds stood at £219.67512023 £208,325). Fabric Revenue Funds increased by £4.623 {2023 £9.625) due to rent from the Cairns Road apartment and revenue on the capital nd partly offset by a draw-down of £10,350 to cover most of the general fabric costs incurred during the year. At 31 December 2024 Fabric Revenue Funds stood at £37.77012023 £33.1471- Reserves Policy The charity trustees have considered the reserves required and have taken into account their CUrnt and future liabilities. It is the Trustees, policy to hold reserves of approximately 3 to 6 months expenditure. At the year end the church held unrestricted funds of £114,59712023 £99.570). representing c.10 months of expenditure. The church also held £34.5L1412023 £32,401) of restricted funds and £132.67212023 £120,841) of endowment funds which have been provided for the purposes specified in Note 2. Investment Policy Surplus funds are invested with the Church of Scotland Investors Trust Growth Fund. This fund is very largew equity- based and 15 intended for long term investment to provide capttal growth. During the year £50,OtK) of general funds were tfansferred to the Church of Scotland General Purpose Depostt Fund to generate interest while maintaining liquidity- This has been presented as cash within the accounts and generated £1,183 of interest in the year. statement of Trustees, Responsibilities The Trustee5 must prepare financial statements which 8Ne sufficient detail to enable Èn appreciation of the transactions of the Church during the financial year. The Trustees are responsible for keepin8 proper accounting records which, on request, must reflect the financial position of the Church at that time. Thi5 must be done to ensure that the financial statements comply wrth the Charities and Trustee Investment (Scotlandl Art 2005, the Charities Accounts Iscotland) Regulations 2006 las amended) and the Regulations Anent Congregational Finance approved bv the General Assembly of the Church of Scotland in 2016. They are a150 responsible for safeguarding the assets of the Church and must take reasonèble steps for the prevention andlor detection of fraud and other irregularities. Approved by the Trustees and signed on their behalf by* Page 6
Cambuslang Parish Church of Scotland Independent Examinerfs Report to the Trustees of Cambuslang Parish Church of Scotland I report on the accounts of the charity for the year ended 310ecember 2023 which are set out on page5 8 to 13. Respective responsibilities of truttees and examiner The charitvs trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts (Scotlandl Regulations 2Q)6 las amended). The charity tru5tee5 consider that the audit requirement of Regulation 10 {1} Idl of the Accounts Regulations does not apply. It is my responsibility to examine the accounls as required under seciion 44111 Icl of Ihe Aci and io state whether particular matters have come to my attention. Basis of independent examinerfs statement An examination is carried out in accordance with Regulation 11 of the Charwtips Accounts (Scotlandl Regulations 2006 las amended). An examination includes a review of the accounting retords kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or di5c105ures in the accounts, and seeks explanations from the tnjstees concerning any such matters. The procedures undertaken do not provide a51 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 examinerfs ststement In the course of my examination. no matter has come to my attention which give5 me reasonable cause to believe that in atby material respect the requirements- to keep accounting records in accordance with Section 44 {1} lal of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations las 3mendedl, and lo prepare accounts which accord with the accounting records and compty with Regulation 9 of the 2006 Accounts Regulations las amended) 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. Page 7
Cambuslang Parlsh Church of Scothnd Receipts and Payments Account for the year ended 31 December 2024 Unrestrlcted Restrlcted Endowment Funds Funds Funds Totsl 2024 Total 2023 Recelpts Donations Activities for Generating Funds Bank and Deposit Interest Investment Income Rentsl of Halls Other Receipts Legacy Drawn down from General Trustees Investment encashed Grants Totsl Recelpts 105,807 2,647 1.397 1.200 52.220 4.792 105,807 118,643 2,647 1,779 1,681 199 3,624 3,220 52,220 32.371 ii,oii 5,000 10.350 2,424 6.219 10.350 3,893 183A 6.219 2.708 192340 169,113 Payments Costs of Generating Funds Charitable Activities Governance Costs Totsl Payments 132 171.752 380 172,264 132 159 177,586 162,278 380 350 750 178,098 162,787 750 EX$5 of Recelpts over Payments for the year before transfers 11,149 1,135 1,958 14.241 6,326 Fund Tran5fer5 Excess of Recelpts over Payments I,l(KJ 12,249 {I,Iwi 35 1,958 14,241 6,326 Page 8
Cambuslan8 knsh Churth scOand St*ement of Balances At 310ecember 2024 Unyestrttt Restricted EndsMment Fund$ Funds Funds Total 2024 Total 2023 Bank and Dewxit Imlances A5 at I january 2024 Excess of Receipts over Payments As at 31 December 2024 70,113 12,249 82.362 10,046 35 si 16.175 1,958 18,132 96A34 14,241 110575 90,008 6.326 96A34 Investments at nrket yue Church of ScotJar¢d Investors TruttGrowth Fund 32236 24,463 114.540 171.239 156.4TI Cost of Investments 20J60 15299 61913 99,372 99372 Assets Gift ReCe[&bI0 15.LKKJ 5.100 Uabllltles Deposit held re High Flvers 1.750 1.he accounts wtr¢ approved by the Kirk Ses510n on I l Mav 2025
C•mblang Parish Chwth olscotland Note$ tothe Accounts forthe ye•r ended 31 Decemiw ZOZ4 l. Basls of attounting These accounts have been prepared i)n the Re¢eip15 & Pdyments basi5 in alxx1rd3nW1th the Charitie5 and Trustee Investmerrt Iscotlandl Act 2005. The Charrties Accounts1Scotlandl ReyJIloS 2(M16135 arnendEdl and the Regylation5 anenl Congregational Finance approved bythe General Assembtycrfthechurth of Scoiland in 2016. 2. MNement kn Cash Funds At IJ 2024 Ileceip15 PaTres Transkn At31 Dec20Z4 Unre5tri(ted funds General Fund 70.113 183A13 11712641 Restrkted fw The Guild Sunday Groups Pastoral Care Toddler Group Hollday CILtb Neighbourlv Youth Fellowship Pipe Band Fabric Fund Benevokni Fund Cafe Fund Courtyard Fund 3.401 571 742 L121 519 317 203 1.224 1580 12.037) 13121 703 750 1.399 526 170 1373 17951 130DI L527 IL3741 13cKII 275 15261 973 1.458 175 202 10,046 175 162 10.081 401 (5.084} I1.1) 6,219 Endowment funds Quintin MuFr- Revenue Acmunt CW Gibb Trust- Capital AccouTrt CW GibbTrust- Revenue AttouTrl Miss Black Bequest- Capit31 Atcount Miss Black Bequest- Revenue Account 10.209 1424 17501 IL883 712 230 1,002 194 14175 54 7501 ,132 Total Cash Funds 178.0981 110.575 Purpose of Funds Unrestrltted Fth General Fund Restrbcted Funds The Guild Sunday Groups Pastor41 Care Toddler Fund Holiday Club Neighbourfy Youth Fellowship Pipe Band Fabric FuTrd Benevolent Fund Café Fund Kitthen Equlpment Fund Courtyard Fund Afellowship STP Tofund the work ofthe O)ddrÈM5' Brp5that meet on Sundav To prode pastcffal care Agroup forToddlers Tofvnd a thildrens hol*Jaydub Fn the summer. aftern(K)n meeting Alellow5hip group for young people To introduce peopleto playingthe Great Hlthland Balpe Monies put aside IwfabTiC purpose5 To prowide finanoal aSsi5tsDtthe needv Tofund a comrnunty£afé or similar Tofin3nthe replacement of kiithen equtpment Todevelop the(thurch Courtyard Endowment Fw Quintin Muir A bequest to be used to fund youth Wkand assisting persons wÉthin the Parish f3angdifficult finanaal arcumstances AIDJst fund set asideforspefial projects A bequestfund to be spent on 7rtxrth work CW Gibb Trust Miss Wack Bequest
Cambuslang Parlsh Churth of 5cothnd Notes to the Accounts for the year ended 31 Dewnber 2024 unre5ctsd Restricted End0ment Funds Funds Funds Totsl 2024 Totsl 2023 3. Donatlon5 Stsnding order offeriros WFO Scheme Open Plate offerings Gift Aid donatTons Special Appe81 Ilncl Grft Aid of £1,952) Tax Recovered on Glft Ald 75.418 10.017 10.508 399 75,418 10,017 10.508 399 75.953 10,628 10.674 1,035 9.465 105A07 9,465 los.7 20,353 118,643 4. Anatysls ol Payments Costs of Generatlng Funds Offering envelopes 159 Charitable Artivtttes Ministry and Mission allcKation Locum costs Presbytery dues Minister's expenses Deacon's expenses Loeum's Expensès Salary costs Fabric repairs and maintenaTe Pulpit Supply Council Tax and Water Heating 8nd IEhti Insurance Printing and ststionery Other costs Professlonal fees 66.120 7,997 66.120 7,997 75,113 4.768 1,789 1.331 640 1,933 878 35,715 15,168 1.933 878 35.715 .168 3fy) 7.339 28.867 10.610 660 7.810 10,706 4.997 2,131 12.846 SSD 162.278 7.339 5.246 1051 5,246 2,051 15,178 696 177586 750 S96 17L752 750 Governanie Costs Independent Examiner's Fee a50 Total costs 1722FA 178J)98 162.787 5. Trustee Remuneratltyn and Related Party Trartsaaio9 inister of Cambuslang Parish Church acted as a trustèe Of the charitv. He was pald directly by the Church of kntland. However he also recelved relmbursement of expenses of £640 and council tsx of £2,761 No trustee or person related to a trustee had ary personal interest In ary contrart or transaction éntsred Into by the charity durFng tt% year. & Mlnlster's 5tlpend All Church of Scodand con8reEations cJ)ntribute to the Nattonal Stipend FuThd whlch bear5 the c05t of all rninisters, stipend5 and employers, contribLrtions for insurarKe. Fension and IK)USiFE and loan fund. Stipends are paid in accordan wlth the national stipend scale, which is relateil to years of se. For the year under review. the minimum stipend was £31.642 arKI the maximum stipend lin the Ilfth and subsequent years) was £38,884 Page 11
Cambuslang Parfsh Church of ScotlarKI Notes to the Accounts for the year ended 31 December 2024 7. Investments Market Galn/lLoss) Market Value at on Value at 1st Jan 2024 Purchases Disposals Revaluation 31st Dec 2024 Church of Scotland Investment Trust Growth Fund 156,477 14,762 171.239 Held in respert of: Unrestricted Funds General Fund 29,457 2,779 32,236 Restritted Funds Fabric Fund Benevolent Fund 20.752 1.602 22354 1,958 151 2,109 22,710 1.754 24,463 Endowment Funds Quintin Muir- Capital 104.666 9,874 114.540 8. Collertlons for Third Parties 2024 2023 Lodging House Mission Christian Aid Erskine Tear Fund Poppy Scotland Cambuslang Foodbank Barnardos Turkey & Syria Appeal 98 904 30 409 19 243 455 109 267 91 710 2,130 1,509 Page 12
Cambuslang Parish Church of Scotland Memorandum Appendix Year ended 31 December 2024 Funds held on behalf of the Congregation ty the Church of Scotland General Trustees REVENUE- CONSOUDATED FABRIC FUND Receipts Rent received Interest on Consolidated Revenue Account Revenue on Consolidated Capital Accounts 7,045 1,859 7,903 16,807 Administration Costs Drawn down to General Fund 11,8341 {10,3501 Excess( Payments)/Receipts 4,623 Opening Balance at l January 2024 33,147 Closing Balance at 31 December 2024 37.770 CAPITAL- CONSOUDATED FUNDS Recelpts Payments- Excess IPayments)/Receipts Increase/ldecreasel in value of Investments in the year 11.350 Opening Balance at l January 2024 208,325 Closing Balance at 31 Dember 2024 219.675 TOTAL CONSOUDATED FUNDS 257,445 Page 13