The Church of Scotland
Paisley: South Church
ANNUAL ACCOUNTS
YEAR ENDING
31 DECEMBER 2024
Congregation No: 140788
Charity No: SC 000558
Page l of 27

PalsEey.' SoLrth Ichurch of Scolandl
Trustee5 Report
31 Decemb8r 2024
The Trustees present their annual report and financial statements of the charity for the year
ended 31 December 2024. The financial ststements have been prepared in accordance with the
accounting policies set oul in nole 1 to the accounts and comply with the General Assembly
Regulations lor Congregational Finance, the Charities and Trustee Investment {Scotland} Act
2005, the Charities Accounls (Scotland) Regulations 2006 (as amended) and Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland published on 16 July 2014.
Objectives and Actlvities
The Church of Scotland is Trinitarian in doctrine, Reformed in tradttion and Presbyterian in polity.
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 ()f
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.
Paisley South Church seeks to fulfil at a parish level the stated objectives of its parent body. In
pursuit of these, it provides through its lrfe and work a Christian witness to the community in
which it Is situated. It offers to all a place of welcome, acceptance and fellowship where Christian
faith can be safely explored and openly expressed. To that end, it normally meets for morning
worship every Sunday of the year- and for special seNices during the main festivals of the
Christian year.
The church normally holds a weekly Sunday School for the Christian nurture of the young
throughout the year and midweek fellowship meetings from autumn to spring. During the week
the halls are fully used, and ijsers include Boys Brigade. Scouts, Guides, Brownies,. Rainbows,
Cubs and Beavers, Church Banner Group, Renfrewshire Council and choirs.
In a normal year. the church engages in a variety of activities, both as social events and, where
appropriate. to raise funds. The church also supports the Church of Scotland's world mission
work. Christian Aid. and a range of other charities at home and abroad.
Achlevements and Parformance
Throughout 2024 Covld was no longer the threat it had once been, and the Church reflected the
altered practices within the community and society. Kirk Session retained the new practice
regarding the serving of communion, but all other Covid led changes were discarded.
Weekly worship on Sundays at 11am was streamed live to the Internet and a number of viewers
were watching regularly from their homes locally and also throughout the UK- and even beyond
when on holiday. Services remain available online for a period of 12 months. Some older or
infirm members value engaging their church service from home and do so online or using the
DVD'S which are also available.
The weekly email continued to update many members and the Webslte and Fa￿bCXjk pages
were essential means of communication. Regular activities including the weekly Tuesday lea
room and the midweek worship and coffee meeting entitled 'Wednesday Break, ran throughout
the years. The 'Just Living It, evenings met again for two further sections of materials- offering a
Page 2 of 27

Paisley.. SoLrth Ichurch of Swlandl
Trustees Report
31 Oecember 2024
relaxed opportunlty to explore faith and practice. 'Let's Meet. continued to offer a much valued
opportunity to meet during the day. open to all.
The summer saw the second Sundae Sunday service as the closing service for the Sunday
School which merged several elements in one all age service. Services throughout the rest of
summer were more traditional than the previous year.
In October. at Ihe Harvest Service, the congregation donated specified food ilems to support the
work of both the Renfrewshire Homeless Unit and the Renfrewshire Fi)odbank. In November it
was very encouraging to have the involvement of all the Youth organisations attending the
Remembrance Day Service, with some youngsters and parents attending church in the following
weeks. In December the Chrrstmas Appeal focussed on toiletry gtfts for the Renfrewshire
Homeless Unit and gtfts for children and teenagers for use by the Chaplaincy leam at Barlinnie
Prison. The children presented their Nativity in person, which was appreciated by the
congregalion.
Members of Kirk Session with a district responsibility continued lo visit their districts and support
the Minister in the Church's desire to care for its members. During 2024, two121 new members
were admitted by profession offailh. Twenty-one {211 members were removed from the roll-
eighteen {181 due to death and three13) by transference certificale. There were two {2) baptisms
and one (1) wedding in 2024. There were twenty-four1241 funerals.
During 2024 the Kirk Session met in person. The different working groups of Kirk Session also
met in person as they engaged their different remits.
Pastoral Care continued with their commitment to visit and support members, particularly the
elderly. Outreach engaged with the challenges of presenting the work of the Church and the
message of the Christian gospel to the community and were also creative and effective in their
work. Youth Committee developed ils links with the organisations with the establishment of a
WhalsApp messaging group and ongoing discussion. also in person. The Minister continued his
strong links with the organisation's leaders, including his weekly commitment to attending and
supporting the 8B company as its Chaplain. The Finance and Propety Committee met monthly
to ensure governance, support the Treasurer, and attend to the maintenance and care of the
buildings, and discuss future developments.
The Social and Fundraising group arranged several excellent activities for the congregation
including a Clothes Show, a Theatre trip, a plant sale coffee morning, a church picnic and Ice
cream Sunday, a Macmillan Cancer coffee morning, a Beetle Drive and a Christmas Fayre as
well as tealcoffee after morning services, a weekly tea room and a monthly soup and sandwich
lunch.
The manse continued to be well cared for with the annual programme of redecoration and
prompt attention paid to any of the small maintenance issues commensurate with a building of its
generation.
The challenges facing Paisley South remain those outlined in previous Annual Reports, i.e., a
declining, ageing membership and the ongoing financial burden of meeting rising expenditure
from limited income, but the congregation remains commttted to its core objectives. There is
realistic optirnism about the future, a relief that we are now moving beyond the restrictions which
the pandemic presented and a desire to fccus on engaging with the parish and beyond. The Kirk
Session, under the direction of the Minister and the slrong leadership of the Session Clerks.
Page 3 of 27

Palsl8y-' South (Church ol Scouandl
Tru*ees RetK)rt
31 DeGernber 2024
continues to encourage the congregatlon to see a new chapter in 2025 and beyond. The Finance
and Property Committee led the way, investigating how to develop the buildings to progress Ihe
work and witness of the Church. and establishing the 2030 group to assist with this challenge.
Pa8e 4 of 27

Paldey.. Scrtrth (Church of Scotlandl
Trustees Rewrt
31 DEcernber 2024
Financial Review
As noted in the accounting policies, these accounts have been prepared on an accruals basis.
The principal single source of the congregation's ordinary general income in the year was the
members, offerings via the freewill offering scheme and the open plate. On 31 December 2024.
the number of members on the Roll was 265. a decrease of 19 in the year. Based upon our
regular general fund income, excluding legacy, income from the General Trustees and reslricled
income and upon the average number of members on the roll for the year, 274, the average
giving per member was £4.81 per week {2023'. £4.61. 2022: £4.54, 2021: £4.29). When the tax
recovered from offerings given under the Gift Aid Scheme and under the Gifl Aid Small
Donations Scheme is included, the average giving per member was £6.02 per week12023:
£5.69, 2022.. £5.53, 2021- £5.24). This will be the final year I will report average income based on
the full membership as this measure is not realistic as it is showing an increase in donations, yet
our donation figures conlinue to fall year on year.
The members, ordinary offerings {including Gift Aid Scheme reclaim) amount to 68% {2023:62%,
2022: 65%) of the total of our ordinary income. A better method of measuring donation income
that is more traceable is the donations from members who give directly via the bank and offering
envelopes. During the year there were 101 ￿gUlar payments each month yielding £59,215 and
Gift Aid amounting to £14,690. The weekly donations via these methods are equivalent to £14.07
per week, this is a drop of £0.05 per week from 2023. This could be due to a few possible
reasons, but it is concerning that our Income continues to fall.
Income from investments, together with deposit interest, amounted to £8,654 (2023.. £7.229}.
Congregational organisations donated £1,050, and hall lets contributed £4,398. Special
colledions for other charitable causes amounted to £440 as income to the church and a further
£3,314 collected and disbursed directly to third part charities {such income is not part of the
annual accounts)- Legacy income this year amounted to £5,000. In July we received an
unrestricted legacy of £5,000 from the estate of the late Ms Rae Jenkins. Thanks to Rae's legacy
we funded the installation of low energy lights for the car park and the soffits around the church
building. The social and fundraising committee raised funds for the redecoration of the halls via
donations from several activities during the year. This was added to the donations raised in 2023
for this purpose and a new restricted fund created for this purpose- the fund starts with £8.212.
In 2024 the net shortfall in income as compared to expenditure was £18,668 - See page 14.
Thè trustees had approved a budget deficit for the year of £29.240 which would have been
surpassed by £428 to leave us with a deficit of £29,668. A very generous donation of £10,000
from the son {John Beattie) of a former member, Alastair Beattie, who died during the year meant
Ihat the deficit has been decreased by this full amounl.
Salaries of employees continue to be a significant expense and have risen by 9.5% in the year to
£35,635. Whilst our employees perform some key tasks within our church, we musl consider
what level of employment we can continue to afford should donations and income not increase.
Energy costs have now increased for the church after we moved away from a ffive-year fixed term
contract 8nd we have seen an increase of 80% to £11,319. The church buildings are used six
days per week at an average cost of £37 per day.
Page 5 of 27

Pai51By. South (Church of So)tLqndl
Truste&s Report
31 Dec8mber 2024
Total funds carried forward have decreased to £626,926 from £642,991. This figure includes the
purchase price of the manse, £410,000. Removal of the manse value leaves the church with
£216,926. In addilion, Invested and held with the central Church in the consolidated fabric fund is
an amount of £200,097 (this money came from the sale of the previous St Luke's Church
building of Neilston Road) which could be used by Paisley South Church for the purposes of
fabric expenditure and other purposes. We would need approval from the General Trustees to
use these funds. Therefore, the potential total funds available in cash and investmenls is
£417.023 (calculated from consolidated fabric + liquid and invested assets minus the manse).
The global markets have continued to FErform positively and as such the end of year value of our
investments has risen by £2,603 in the year equivalent to 1.57%. Full details of our investments
are available in note 10, page 22.
Legacies continue to help with our day-to-day solvency and I would urge all members to
remember the church in your Will as such donalions are significant and continue to help us
progress our Christian witne5S.
During the year we took the position of increasing the amount asked for any hall let to £25 per
hour to help offset the additional cost of energy and the Finance and Propety Committee
continue to I￿k for ways to spend money wisely ensuring that the buildings are wind and
watertight and fit for purpose. Due to the increase in hall renting fee we did lose one organisatlon
however an additional rental and the increase has raised additional funding.
The finance and property committee reported to the trustees costs that a￿ required to be spent
to refurbish the church and halls. The costs are signtficant- more than £240,000. This is
something that needs to be budgeted for and project managed.
To help reduce propety expenditure the finance and propety committee continue to investigate
projects that will enhance the buildings and reduce costs in the longer term, such as solar
panels, ground source heat pumps, etc. This work is continuing through the newly formed 2030
group.
As part of trustee meetings this year, as treasurer, I wanted to express very sirnply how our
income and expenditure is broken down before any work is carried out to keep the buildings
functioning for us and the groups that use our facilities. The following was what was used:
Projectèd Income= £108,000
Projected ExpendFture: £111,100
Gtving to Grow= £64,800 {60% of Income}
Presbytery Dues = £ 1,700
Salaries = £34,600
utilities £10,000
As can be seen our expenditure is already higher than our income. The Trustees are working on
how to ensure that this position is reversed and as friends and members we will be calling on
your help and prayer.
AS our current expenditure is higher than our income The focus must be to increase donations
and other income whilst at the same time look al reducing expenditure, recognising that funds
will need to be used in the short term lo ensure that our buildings require less day-to-day
Page 6 of 27

Pai51ey. South (Church of &od8ndl
Trustees ReFOrt
31 D8￿mber 2024
maintenance. It is incumbent on every member to help increase the membership of our church
and in doing so increase the donations that will ensure a long-tem future of Paisley South.
Summary of finances
2024
Income
Expenditure
SurpluslDeficit
126,481
145,149
-18,668
FIX￿ A￿15
Manse
Investments
410,000
168,091
Currènt Ass•ts
Cash and Bank Accounts
(inclusive of liabilities and creditors)
49,035
General Trustee Investmonts
200,097
Glft Aid
As part of the finance ￿VIeW I want to record my thanks lo Jean Lindsay who has diligently been
the Gift Aid Convener for Paisley South (and Lylesland) for 25 year5. An amazing amount of work
for one person to have completed each year and I'm sure over that period she will have
processed in excess of £125,000 in successful Gift Aid tax reclaims.
From everyone in Paisley South- Thankyou Jean
Treasurer
Page 7 of 27

Par￿eY.. South (Church of Sto￿and)
Trust885 R8POrt
31 Dec8rnb8r 2024
Investment Poll¢y
In accordance wtth the Constitution the Trustees have the t)ower to invest in such stocks and
shares and other investments as they consider both ethical and appropriate. The policy is to
ensure a good level of income consistent with security of capital and accessibility of funds.
Money which is surplus to immediate requirements is invested at the highest appropriate rate
with institutions approved by the Trustees. Our inveslmenl funds are held in the Church of
Scotland Investors Trust Funds. The market value of all our investments at the end of the year
was £168,091. The value of unrestricted investments was £161,002 and the value of restricted
investments was £7,089.
Risk Management
The principal risks to the charity are financial risk and reputational risk. The membership of the
congregation is declining year on year as society increasingly becomes secular in its attitudes
and habits. The charity's principal source of income is its members. donations. Income is not
keeping pace with annual expenditure and were it not for generous legacies, there would have
been a need to draw from reseNes lo make go(yJ the shortfall. The world financial climate meant
that in 2023 the value of reserves recovered well from the previous year's signrficant drop,
though the full recovery is yet to tske pla￿.
We regularly present to our members the challenge of giving. We also carry out various activities
lo reach out to those in our parish who a￿ not connected with the church. We pray earnestly for
people to be drawn to our church.
Many of the activities of the Church involve working with children and vulnerable adults. So as to
ensure that such people are properly protected, as a congregation we operate within the
procedural framework provided by the Church of Scotland nationally. All individuals working with
children and vulnerable adults require lo be adequately trained in the principles of safeguarding
and to undergo PVG checks wilh Disclosure Scotland. Members of the Kirk Session also are
trained in their safeguarding responsibilities. The Kirk Session appoints a convenor who is
responsible for ensuring the proper operation of our safeguarding policy. We believe that in this
regard we are compliant with the relevant legislation.
Reserves Policy
It is the Trustees, policy to hold reserves sufficient to la} provide working capital to meet the
regular financial commitments of the congregation without the need for an overdraft facility, (b}
provide for the financial requirements of those organisations for whlch it is responsible, (c)
provide for the repair and maintenance of the fabric of the church, the halls and the manse, (d)
maintsin andlor replace the furnishings and fittings in the church and the halls and non-moveable
fittings in the manse and (el provide for the needy. at the sole discretion of the Minister, via the
disbursement of sums not exceeding £250 for any one family. The level of unrestricted liquid
reserves as of 31 December 2024 was £189,907 (cash £28,905 + investments £161,002).
The total assets and investments is £216,926 made up from the unrestricted and designated
funds of £189,907 and restricted liquid reserves tolalling £27,020 (cash £19,931 + investments
£7,089) which have been provided for the purposes set out in the poslscript to Note 15. In
addition, £200,097 (see Appendix) is held by the General Trustees in the name of the
congregation. for mainly propetylf8brlc use (other uses can be applied for), in a temporary
Page 8 of 27

Pwsley. South (Church of S￿￿and)
Truste&5 Report
31 D￿mber 2024
account and invested within a mixture of Growth. Income and Deposit Funds. As this money is
invested the values can rise and fall based on the unit price of Ihe investments.
Structure , Governance and Management
Governtng Document
The congregation is a registered charity. number SC000558 and is administered in accordance
with the terms of the Unitary Constilulion and is subject to the Acts and Regulations of thè
General Assembly of the Church of Scotland.
Recruitment and Appointment of Trustees
The members of the Kirk Session are the charity trustees. The Kirk Session members are elders
ol the church and are chosen from those members of the church who are considered to have the
appropriale grfts and skills. There are 43 members of the Kirk Session. The minister is a member
of the Kirk Session.
Organlsatlonal Structur•
The Kirk Session, which normally meets five times a year, is responsible for spiritual, property
and financial affairs within the Church. Meelings in 2024 were conducted "in person", Zi)om
meetings were never used in 2024. Certain responsibilities are delegated to the Worship,
Property, Finance, Youth, Personnel, Outreach and Pastoral Groups as appropriate.
Page 9 of 27

Paisley.. Soulh Ichurch of kndandl
Trust885 Report
31 December 2024
Roferenca and Adminlstratlve Informatlon
Trusto9$
A lisl of Ihe Trust8es of the charrty who served at any time during the year up to the date of the
signing of the accounts is appended.
Prln¢lpal Offica-bearers
Minister-
Joint Session Clerk:
Joint Session Clerk=
Church Treasurer:
Prlnclpal Office
123 Rowan Street
Paisley
PA2 6RZ
Charity No: SC000558
Indepèndent Examlner
Bankers
Bank of Scotland
The Cross
Gilmour Street
Paisley
PA11DD
Pa8e 10 of 27

Pai51ey= s￿th (Church of SKotlandl
Trustees Report
31 December 2024
Truslee$' Re$pon$lbllhles In Relatlon to the Finan¢lal Statements
The chartiy trustees are responsible for preparing a trustees, annual report and financial
statements in accordan￿ with applicable law and United Kingdom A￿oUntIng Standards (United
Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in Scotland requires the charity trustees to prepare financial
statements for each year which show a true and fair view of the stste of affairs of the charity and
of Ihe 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-
stale whether applicable accounting stsndards and ststements of recommended practice
have been followed, subject to any departures disclosed and explained in the financial
statements..
prepare the financial statements on the golng concem basis unles5 it is inappropriate to
presume that the charity will continue in operational existence.
The trustees are responsible for keeping proper accounting records which disclose wtth
reasonable accuracy at any time the financial tX)sition of the charity and to enable them lo
ensure that the financial statements comply with the Charities and Trustee Investment (Scotlandl
Ad 2005 and Ihe Charities Accounts Iscotlandl Regulations 2006 las amended). They are also
responsible for safeguarding the assels of Ihe charity and hen￿ for taking reasonable steps for
the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrty of the charity and financial
information on the congregation's website. Legislation in the United Kingdom governing the
preparation and disseminalion of financial statements may drffer from legislation in other
jurisdictions.
Approved by th8 Trustees and signed on their behalf,
Page 11 of 27

Paisley.. (Church of Scolandl
Trust88s Report
31 December 2024
APPENDIX- LIST OF TRUSTEES
Changos to trust•es durlng the year
Joined, re-joined, retired, resigned, deceased etc.
Name
Role
Elder
Elder
Elder
Elder
Reason
Died
Died
Died
Inaclive
Page 12 of 27

P3isley,' South (Church ol Scotlandl
Trustee5 R8POrt
31 December 2024
Independent Examiner's Report to the Trustees of Palsley: South (Church of Scotland)
I report on the accounts of the charity for the year ended 31st December 2024 which are set out
on pages 14 to 27.
Respectlve r8sponsibilitlos 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{11 (a} to (cl 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 independant 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.
Independont examiner's statement
In the course of my examination, no malter has come to my attenlion
which gives me reasonable cause to believe that in any material respect the requirements..
to keep accounting records in accordance with Section 44(1) (al of the 2005 Act
and Regulation 4 of the 2006 Accounts Regulations (as amended), and
to prepare accounts which accord with the accounting records and comply with
Regulation 8 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 13 of27

Pais18y.' South (Church ofS¢oUand)
Trust88s R8POrt
31 December 2024
Statfjmont of FlTron¢k91A¢UvlUo8
Nots Unrestrl¢t•d
Fun
2024
Reslrlclwl
Funds
2024
Endownrent
Funds
2024
Totrl
2023
IrKom8and ondowmant8from'.
Donations aNJ legao88
¢haTrtstle ￿tI¥l￿e$
Oth¥iradiry ￿NItie8
Inveslmerts
91,271
4,695
4,398
&270
14.645
588
1,790
91,859
6.485
4,398
8,654
14.645
117638
4246
3933
7229
4054
2440
Thir(I PsrtyCo1lect￿ns
Tolal Incom•
16
440
3202
126.481
139540
Expend￿ra on:
R8isiry fvThJs
ChantabIeathV￿e5
149
142.8V2
143.011
149
188
142940
2.138
145 149
143128
Net income lexpen(Nturelbefore gdln8
and10s5e5 on Invostrnonts
3588
Net 9ain$ I IkJ55è$1 on invefftnts
1539
2.603
6519
Net Incrffiel lfyxpeDdrturo1
116,1
Transfers beMEenfurKJs
15
182121
8212
148t nk)¥8mant Infunds
126,4051
2931
ReEonGIlla￿on of fund
Totsl ftnd5browht foNrard
625.312
17,679
642,931
Totsi functs tArri¥J forY13rd
599,907
27.019
624926
642991
Page 14 of 27

P8is18y. South (Church of Scodandl
Trustees Report
31 December 2024
Balance Sha•t at 318t Dec8mbgr 2024
Unrestrlcted
R•8trlcttrd
Endowment
Total
rotsi
Fund$
Funds
FUJ
2024
2024
2024
2023
xèdAss¢ts:
TangiNgA5sets
Invgstm8nt$
410.1M)O
161.002
41QCM)O
16&trJ1
57&091
410.000
10
7.089
165.488
Total Flxed As6ets
571,002
7,089
575,486
CurrentAs8et8
Debtors
11
1238
1,238
5.101
C88h at arK1 In hthl
29.264
18,179
47,M3
60.713
ENJ¢M7nant
15
ReSt[￿ted
1.751
1,751
1,889
TotslCurrentA¥sets
30.502
19.930
50.4J2
87,703
Li4bilrti¢$
Credilcfsfalliro éLE W*thin or
year
12
1,597
1&97
Net currenia$sots
28,905
19,930
48.835
67.503
Crecfith fawing due after more
than 0￿ ye8r
NetAyef$
599.907
27.019
626,926
642.991
The fvnd8 ofthe c￿rIty..
End0￿rnent Funds
Restricted in¢oT
fv￿8
15
27.019
27,019
17.679
Unrestricted fvnd$
15
599.9)7
599,907
625.312
Tot•1 Gharriyfvnd¥
599.907
27.019
626.926
642,991
The Accounts were approved by the Trustees on
and signed on their behalf by..
Page 15 of 27

Paisley.. SoLrth Ichurch of Seollandl
tes Forming Part ofthe Finan¢ial Statement
Year End&1 31 DeCeM￿r. 2024
Accountlng Poli¢io8
The principal accounting policies. which have been applied consistently in the current and
preceding year in dealing with items which are considered material to the accounts, are set out
below.
Basis of preparatlon
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities:
Statement of Recommended Practlce applicable to charities preparing their accounts in
accordan￿ with the Financial Reporting Stsndafds applicable in the UK and Republic of Ireland
(FRS 102} issued on 16 July 2014 and the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 102}, the Charities and Trustee Investment {Scotlandl Act 2005 and the
Charities Accounts (Scotlandl Regulations 2006 las amended).
Fund accounting
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.
Endowment funds are funds which have been given on the condition thal the original capital sum
is not reduced, but the income therefrom is used for the purpose defined in accordance with the
objects of the charity.
Unrestricted funds are expendable at the discretlon of the trustees in furtherance of the objects
of Ihe charity.
If parts of the unrestricted funds are earmarked at the discretion of the trustees for a pathcular
purpose, they are designated as a separate fund. This designation has an administrative purp¢)se
only and does not legally restrict the trustees, discretion to apply the fund.
Incomlng resources
Income is recognised when the charity has entitlement to the funds, any perfomance condttions
attached to the item{s) of income have been mec it is probable that the income will be received.
and the amount can be measured reliably.
Donated sprvices and facilities
Donated professional Se￿iceS and donated facilities are recognised as income when the charity
has control over the item, any conditions associated with the donated item have been mel. the
receipt of economic benefit from the use by the charity of the ilem is probable and that economic
benefit can be measured reliably. In accordance with the Charities SORP (FRS 102) the general
volunteer time of congregation members is not recognised.
On receipt, donaled 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 amount18 then recognised as expenditure in the period of receipt.
Page 16 of 27

Pol￿eY.. South Ichurch of Scollandl
Note5 Forming Part ofthe Financial Statement
Year End￿ 31 D8cemb8r. 2024
Interest receivabl8
Interest on funds held on deposil is included when receivable and the amount can be measured
reliably by the charity. this is normally upon notification of the interest paid or payable by the
Bank.
Fixed Assets
The charity has the right to occupy and use for its ¢harttsble object's certain tsngible fixed
assets, including the Church and halls, vested in the Church of Scotland General Trustees. No
consideration is payable for the use of these assets. Expenditure incurred on the repair and
maintenance of these assets is charged as resources expended in the Slatement of Financial
Activities in the perlod in which the liability arises.
All tsngible fixed assets costing in eX￿sS of £20,000 having a value to the charity greater than
one year, other than those acquired for specific purposes, are capilali5ed. Depreciation is
provided on a straight-line basis to write off the cost or initial value, less residual value, of
t8ngible fixed assets over their estimated useful lives:
Fixtures. fittings and Offi￿ equipment 10 years
Investments
Fixed asset investments are stated at market value at the balance sheet date. Unrealised gains
and losses represent the drfference between the market value at the beginning and end of the
financial year or, rf purchased in the year, the difference behveen cost and market value at the
end of the year. Realised gains and losses represent the difference be￿een the proceeds on
disposal and the market value at the start of the year or cost rf purchased in the year.
Taxation
Paisley= South Church 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 resources expended therefore include irrecoverable input VAT.
Page 17 of 27

Pa151ey= South (Church ofscotkndl
Notes Fom)Ing Part of the FiDanoal Slat6rngnt
Year Ended 31 December, 2024
Vnr95trlct•d
rotsl
Tot41
Funds
Fund$
2024
2024
2023
Donation5and Lew¢l
Ofterlngs
T8x re￿Vered on grftAKI
Legac
tJThtion frcrfn CorKJ.Orgs. (see Note 171
Valueofdonated good5
6&019
68.6(
69.712
17,202
11202
16,369
30555
5,000
1,050
750
252
588
117638
I￿￿￿froM Gharltabl•actlvWo5
WethJlng$ and fun8rals
Coffe8 Mornings etc.
Orgarisations
1.840
1,320
2.e45
2,645
2,592
2.0
334
1,790
IncrAn•from 0thortradlr¥9 adlvltk*s
4.398
IrNestmgnt Income
receiveé
&270
8,654
7229
DeKN)*l interèst
Otherlncom•
Other r￿lPt5 Isee Note 181
R￿lptsfrOrn Gerer81 Trusi88S
14,645
14,645
4,054
14,645
Page 18 of 27

Paisley.. South (Church of Scollandl
Note5 Forrning Part of the Financial Slalemgnt
Year Ended 31 D8cember, 2024
Vnrestrfcted
R•5trtctgd
Endowment
Total
Not•
Fvnds
Funds
Fulld8
2024
2024
2024
2024
2023
Analysi8ofExpendliure
InvesbnentMan8&*8 F*s
off￿r￿j Emek)pes
149
149
186
149
149
&ving to Gr
PresbyteryDue8
Minister Expenses
Pulsxt Swply
Olh&rsalaryc05ts- Salaries Isee Note7)
- Pe￿10￿ Conlrlbubons
64,474
64474
63762
1.655
16
2222
3,925
3925
3437
818
818
548
30,722
30722
28913
1,243
1243
1190
- Tax I In$uraT
3.670
3670
2442
Fabric Rep*rs & MainteT*n
Counril TEX
8,696
8696
11529
3,716
3716
26
Heating and Ughlng
InswatK
11,319
6278
3.426
3426
36(X)
Church 0ffiCeexper￿ (see note 6a)
Oroa) aThJ Mu*c
4,861
580
6043
580
355
FI￿r$
168
Other Expenses Isee nots 6bl
rk Session Benevo￿￿t Fund Pay￿nts (see Note
cl
765
3314
4247
300
Third PartyCharitie51see Nole 161
Independent Examinerfs Fee
1.008
1913
3599
200
200
200
142862
2138
145000
142940
143011
2138
145149
143128
Page 19 of 27

P8i$ley'. South (Church of ScolLgndl
Notes Forrning Part of the Financial Stat¥ment
Year En¢J8d 310ecember, 2024
Note
Offlce Ex￿n$¢ Breakdown
Website
Chur¢h PhonelBroadband
Office Petty Cash
Photocopier & Stationery
PCISoftwarelLicenses
Bank charge￿Fee$
345
1.224
146
1.265
1,906
-25
4.861
6b
(Xher Expenses
Fundraising Ex￿pIlon3I Items
Outreach
TealCoffeelFood
Special Flowers
Other
Restrictad- Outreach Group
Restricted- Youth Expenses (J Dewar)
934
76
792
93
594
92
673
Klrk Sesslon Benevolènt Fund
Cash balance tifv
Expense
Cash Float
Cash in Hand
290
-290
3(M)
This cash is hèld by the rninister and spending is audlt8d by
ITrustee} on bèhalf of the trustees
Page 20 of 27

Paisley.. South (Church of Scotlandl
Notes Fortning Part of the Financial Statement
Year Ended 31 December, 2024
2024
20YJ
Note
Staff costs and numbers
Salaries and wages
Social security & wn$ion
costs
30,722
28.913
4.913
35,635
3,633
32,546
The average number of ernployees during the year was as follows-.
2024
Number
2023
Numb8r
Organist & Choirmaster
Church Secretary
Church Officer
No employee had employee benefits in excess of £60.00012021 nil).
All Church of Scotland congregations contribute to the National Stipend Fund which bears Ihe costs of all
minister5. Stipends and employer's contributions for national insurance, pension and housing and loan fund.
Ministers, stipends are paid in accordance wth the national stipend scale, which is related to y8ars of
service. Forthe year under review the minimum stip8nd was £￿1 642 and the maximum stipend in the frfth
ané subsequent years was
Trustee Remuneration and Rel8ted Party Transactions
During thg year nine191 trustees received reimbursement of &xpenses incurred totalling £6,529
12023=£8,114, 2022'.£4,457, 2021.. £10,054).
No othertruslee or a person related to a trustee had any personal interest in any contract or transaction
enter￿1 into by the chaiity during the year.
Page 21 of 27

Paisley.. South (Church ofscotlandl
Notes Forrning Part ofthe Finanaal Stalefftnt
Yèar End8d 31 D8cernber. 2024
Note
TanlllyleFlxedAsset¥
Offlcg
Equlrmfjnt
Bulldlngs
Man60
Total
Cost
At 1st Jan￿2￿24
410,000
410,OiKI
At 31£t Dec￿t￿r2024
410.0Tr)
Accumulated DBprecLitlon
At 1st Janu8ry2024
Ch8rge for year
Ellrninat£d ￿ D1$po￿8
At 315t D￿eMter2tr24
Net Bookvalue
AI 31st Der&nber 2024
410.1￿0
410.000
10
Inv88bMents
20rJ
2022
Marketvalue at 31I tkcentsblfv
158.970
2024
2023
Fljrrthg of IrNesthEnts
pro￿ from Sale of Inveswts
ised In year9a￿{lO$s) on s￿e0f inve8trng7ts'
6,518
Mthdvaluè8t31stOecember2024I2023
168091
165488
Unreli$e(Ig¥n 111￿10n Inve*m6nts
117451
16,3481
Invesbnants acost
171.836
171.836
ThofolKiwing i•ve4tm?ntsare hold aft•r purchaswlnvgstmwt
GaInllL*￿>
2024
2023
C ofs InvTrusi Gr￿ Fund.. Manse Mslnlenance
C ors Inv Trust IncLYne Fur%l.. Manse MaInth￿e
C ofs Inv Trust IncL¥ne Fwd.. FabricFund
C ofs Inv Trust Incune Fund.. General Reserv8 Fund
14,
11.104
47.105
1.210
Ico
12.826
11,(NM
46,679
BD3
After$￿e3
2.539
C ofs Inv Trust IrKome He￿*r907TTL¥t
7.025
MarfE8tvalw * 31st D*emb¥
168 091
'thefigure quotsj herelstrEtOla 0￿￿110$$) inthB irNesknentWittr￿nthe year exGlu(SrvJ s*s.
Page 22 of 27

Paisley.. South IChur¢h tsf S¢ollandl
Notes Formlng Part of the Financial Stalem8nt
Year Ended 31 December, 2024
11 Debtors
2024
2023
Gift Refund dL
1,238
1,238
5,102
12 Creditors
2024
2023
Oth8r'. Indep8nd8nt ExamSWs fee
Gas (Dec 20241
Electricity (Dec 20241
HMRC Tax
200
2￿
363
122
Ot￿r.. Age￿Y
16
1,597
13 An8lysi$ otNotAsset5 Among Funds
GI￿rnI
Designated
2024
R88trlctsd
Endowment
Total
2024
2024
2024
2024
Fixed Assets
410.1XIO
161,(K)1
28,040
410.￿0
168,091
50,432
1.597
Inve$tments
Current Assets
7,089
19,930
2462
Current Liabilities
1,597
Netasse*s at 315t D•¢ 2024
865
599.041
27,020
626,926
G8n8ral
Deslgnatsd
2023
Restrlcted
2023
Endowment
2023
Total
2023
2023
Fixed Asset5
410,￿0
158,463
48,805
410,0
165,488
67,703
200
Investments
7.025
10,654
Current Assets
8,244
200
Current Liabilitifrs
N•t assètsat 31st Dec 2023
617,268
17,679
642,991
14 Volunteers
In wmmon with all ¢on9regatK)rts of th& Church of Scotland the congr8gation benefits from the ¢ontriEKrtion mwJ8
by vdunteers who give their lime and talents wlllngty forthe benefit ofthe Church. The areas of congr8gation21
lif8 which on the contribution of volunteers are many and varied and much of the &tivtywould be unabte to
Continue werg it not for the commitment sholwn.
Page 23 of 27

I I I

Pai8￿Y'. South IChur¢h of Scotlandl
Note$ Forming Part of the Finan￿al Staterr*nt
Yoar E￿Ie￿ 31 D8C8mb8r, 2024
Pur
ose of Desl nated Funds
ntral R
The Trustees have set aside funds lal to promoltr tho work of the
'Creche' and'sunday School, so far as is necessary. Ibl provide
rinance for the work of thè Session, {0) provide finance foi the
pastoral work of the Minister, Idl lo provide msjsic for the choir and
lel to provide working capital for the General Fund.
Thè Trustees have sel aside fvnds for the Maintenan￿ of the
Church property.
The Trustees have sel aside funds for the maintenance of the
Manse property.
The Trustees have set aside funds for the rnainlenance of the organ
and forth8 purchase of music to enhance worshi
Fabrlc Fund".
Manse Fund:
slc Fund..
Pur
oso of Restricted Funds
atlon Funs:
The Trustees havg $8t up this fund to aid generation of fvnds to
help with thè costs of redecorating the halls.
Thtrd Part Coll
This is a stslement of the amounts ¢olle¢ted by the congregation in
favour of other charitable and worthy causes.
h T¢h Flower Fund:
This fund is vsad to purchase flowers on a weekly basis for the
sanctuary and are then sent on to members and peo in the
communty as sde¢ted by the minister.
This group operates under the di¥ection of the Kirk Sa5sion forthe
purposes of charita￿e outreach helping to meet our kims a$ a
Ghristian Church.
reach Grou
Fund:
Kirk
ion Benevolent Fund
For charlta￿a purposes at the discretion of the Minister. Donations
from weddings and fvnerals shall be added lo this fijnd.
This fund was Set up after a Bequest of rnoney was left to Paislay
South Church for the purposes of youth support and
en¢our8gemenl within the Church.
With the approv81 of OSCR. the Twstee5 have taken over the
administration of this ¢haritsble trust which was established to
provide grants (>f money or kind to the aged and infirm members of
the congregation.
arBe
uest
Youth
ru
Page 25 of 27

Pai51ey.' South (Church of Scotlandl
Notes Forming Part of the Financial StsterrEnt
Y8ar Ended 31 tlecember, 2024
16
Collectlons forThlrd Partl•s
2024
2023
Renfrewshire Food Bank
Christian Aid
Adams House
UNICEF
Mary's Meals (Outreach Group)
MacMill8n Cancer Care
5QX)
944
208
266
340
100
522
440
2,440
Donations disbursed to Thlrd Partles
2024
2023
Mary's Mèals
Smile Train-NHS
48
365
Scripture Union
Compassion UK
RenfrewshFre Food Bank
Christian Aid"
Poppy S¢otland
Adams House
UNICEF
Ma¢Millan Cancer Care
100
400
568
20
1,015
382
372
205
342
1.103
209
298
522
3.148
3.599
Money ¢ollectetl was banked with CA directly
17
Donatlons from Congregatlonal Organisations
2024
2023
Wednesday break
Parents & Toddlers
100
50
950
700
1.050
750
Analysls of UnreBtrlcted Other
Raeèlpts
18
2024
2023
Congregational Gatherings
Miscellaneous Incoma
4.465
10,180
14.645
3,647
407
Page 26 of 27

Pai51ey.' South Ichurch of Scottandl
Not85 Forming Part of the Financial Statement
Year Ended 310ecember, 2024
APPENDIX
FUNDS HELD ON BEHALF OF THE CONGREGATION
BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES
2024
2023
CAPITAL
ACCOUNT
Credit balances held at 31 December at cost
178.383
178,383
Market Value of Balances at 31 Deoember
182,066
177.962
REVENUE ACCOUNT
Credit Balance at 31 December
18,030
9,423
TEMPORARY ACCO
Credit Balance at 31 December
(Representing th8 net proceeds of the sale of the SL Luke's Church in October 2021)
(Funds are invaslad in the Cos Deposit Fund, Growth Fund and Incomg Fund)
The Capital Account fund details are as follows..
Markot
Valu¢
31 Dec
.24
28,373
35,186
118,507
kqarket
Value
31 Oec
.23
28,373
32,152
117,436
Market
Value
31D
.22
28.373
29,781
113,150
Original
Inv8Stmant
Cost
Gain{Los$l
DetX)sit Fund
Growth Fund
Income Fund
28.373
30,002
120,008
5.184
{1,501)
178,383
3,683
182,066
187,384
173,916
Page 27 of 27