## **QUEEN’S PARK GOVANHILL PARISH CHURCH OF SCOTLAND** ## **GLASGOW** **170 Queens Drive, Glasgow G42 8QZ** REPORT AND ACCOUNTS Year ended 31[st] December 2024 Charity Number SC001575 Congregation Number 161073 **SORP 2024 Accounts** ## **Trustees’ Annual Report Year ended 31st December 2024** The Trustees (Kirk Session) present the annual Report and accounts for Queen’s Park Govanhill Parish Church of Scotland for the year ended 31st December 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the General Assembly Regulations for Congregational Finance, The Charities and Trustee Investment (Scotland) Act 2005, The Charities Accounts (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 as per SORP 2019. ## **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 cooperates with other Churches in various ecumenical bodies in Scotland and beyond. Club 170 continued serving free food to the homeless and needy people in the community in the Gateway Hall. The foodbank continued to provide food to those unable to afford to buy food basics for themselves and their families. The Minister and Members of John Ross Memorial Church for the Deaf continued with services in the Gateway Hall twice a month, on the first and third Sundays of the month. During 2024 the congregation of John Ross Memorial joined the congregation of Queen’s Park Govanhill to share communion services on three occasions. The having been appointed Interim Moderator until 31st December 2023 stood down, being appointed as Interim Minister from 1st January. Following the Kirk Session vote by secret ballot on the proposed linkage with a view to union with Clincarthill as per the Presbytery Plan which took place on 24th July 2024, a congregational meeting was held on the 28th July where the congregation was informed of the result of the vote, which was in favour of the linkage leading to union, but against accepting the incumbent minister of Clincarthill as minister of the linked or united charge. Following the congregational meeting the stood down as Interim Moderator. was appointed as Interim Moderator, on 13th August 2024. Clincarthill Kirk Session informed Glasgow Presbytery that they were not prepared to continue any association with Queen’s Park Govanhill unless the incumbent minister was accepted as minister of the united charge and therefore, following QPG session vote they were of the view that the Presbytery Plan as proposed could not be implemented. The situation was referred to The Presbytery Planning Review Committee who have suggested a number of options. Currently QPG Session is pursuing possible links with Pollokshields as an alternative future which may lead to permission to call a Minister. continued her secondment to Queen’s Park Govanhill 2 days a week to provide additional pastoral support in the absence of a dedicated minister. 2 ## **Achievements and Performance** . The holiday club took place during school holidays with food, arts and crafts, games and a series of sports coaching taster sessions, funded by Glasgow City Council. The halls accommodation was well used by many diverse community groups. The monthly magazine continued to communicate all church information to members and the wider community. Copies continue to be provided either by email or the church website in addition to hard copies being delivered to members who do not have access to the internet or who request them. The congregation formally employs an organist and a halls facilitator/caretaker /cleaner. The talents and time of many members are employed in a variety of ways throughout the year as shown on note 14 of the accounts. Our giving for others benefitting a number of diverse organisations and charities is shown on note 16 of the accounts. We currently have 14 members who actively participate regularly in worship through scripture reading and leading prayer during Sunday Morning Worship. Our Fellowship Group meets monthly and organises activities and events to encourage all on a journey of Faith and to build friendship and become involved. The Nurture Group works to maintain pastoral contact with all members, particularly the unwell or frail. Our Tech team continues to develop on line ministry through live streaming of services and updating our Facebook page and responding to on line contacts. Our Musical director continues to develop and widen our repertoire in worship. Recently we have purchased copies of the new supplement God Welcomes All. ## **Financial Review** Gift Aid claims that could not be submitted due to lack of access to HMRC website in 2023 were submitted in 2024. Claims were submitted for the period from 1st October 2022 to 4th April 2023; 5th April 2023 to 30th September 2023; and from 1st October 2023 to 30th September 2024. Funds were received for all these claims in full during 2024 amounting to £28,260.58 in total. Following flooding of Basement causing breakdown of boilers and heating system successful insurance claims were made, plus successful application to General Trustees for monies to cover uninsured losses from the consolidated Fabric Fund held by General Trustees on behalf of Queen’s Park Govanhill. These funds are the proceeds from the sale of the Govanhill Trinity Building in Daisy Street and The Manse at 32 Queen Mary Drive. The general Trustees deduct 10% of the total for Central funds. After this deduction and contribution from General Trustees to repair costs there is currently some £481,944 in the Consolidated Fabric Fund, as shown in The Appendix to the accounts. The General Trustees are in the process of devolving responsibility for the management of funds to Presbyteries or individual congregations with the suggestion that they be invested in a Church of Scotland Investment Account. In anticipation of the implementation of the Presbytery Plan leading to permission to call a minister it may be prudent to invest in a deposit account in the event a new Manse may need to be purchased. 3 ## **Risk Management** Risks to the congregation are financial. Though we have access to funds from the Consolidated Fabric Fund, hold investment Funds with Brooks MacDonald and have received backdated Gift Aid money from HMRC, we will need funds to purchase a New Manse during 2025, will need to cover a potential significant reduction in rental from the Mobile Mast when agreement on a fair rent is made. We also have to take cognisance of the increasing ongoing cost of maintaining our Victorian building with a reducing membership. The safeguarding of children and vulnerable people is a high priority for the Congregation and a safeguarding coordinator is in place to be a point of contact for any concerns and to ensure all safeguarding matters are properly addressed and legal obligations fulfilled, to which end trustees are currently undergoing safeguarding training as it becomes available and a safeguarding panel has been formed. A data protection officer is also in post to ensure we conform to all requirements under data protection rules. ## **Reserves Policy** It is the Trustees’ policy to try to hold reserves of approximately six months expenditure including designated funds. At the year end the Church held unrestricted cash funds of £54,617 of which £7,513 has been designated for the Fabric Fund. In addition, the Church held unrestricted investment funds of £198,249. The Church also held £71,481 of restricted and endowment funds which have been provided for the purposes specified in note 15. ## **Structure, Governance and Management** The congregation is a registered charity, number SC001575, and is administered in accordance with the terms of the Deed of Constitution (Unitary Form) and is subject to the Acts and Regulations of the General Assembly of the Church of Scotland. Members of the Kirk Session are 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 Glasgow Presbytery. The Kirk Session is chaired by the minister and meets formally at least five times a year and is responsible for spiritual and temporal affairs within the Church under the Unitary Constitution. Certain responsibilities were delegated to teams and new groups have been formed from March 2022 to carry out different aspects of the church’s work including fabric, finance and technology. Interim Moderators have been appointed pending the implementation of The Glasgow Presbytery Plan which has allocated 2.5 full time ministerial posts to four congregations including Queen’s Park Govanhill. The plan having been approved by the Faith and Nurture Forum of the Church of Scotland is yet to be fully implemented, and is currently under review by the implementation and review committees of Glasgow Presbytery and therefore we are unable to proceed with finding a new minister to lead the congregation. The Current Interim Moderator is Rev Jerry Eve. 4 Reference and Adminlstrattve Informatlon Charity Number SC001575 Congregation Number 161073 Trustees The following were trustees Imemb8rs of The Kirk Session) during the year and up to the date of this report. Mr Alax Comrie lon sabbatical pro teml Rèv Jérry Eve, Intèrim Moderator from 13.08.2024 Principal Office Bearers Minister= Session Clerk.. Church Treasurer.. Principal Office 170 Queen's Drive Glasgow G42 8QZ Independent Examiner Banker5 Bank of Scotland PLC, 464 Victoria Road Glasgow G42 8PB ## **Trustees’ Responsibilities in Relation to the Financial Statements** The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in Scotland requires the charity trustees to prepare financial statements for each year which shows a true and fair view of the state of affairs of the charity and of the incoming resources and applications of resources, of the charity for that period. In preparing the financial statements, the trustees are required to: Select suitable accounting policies and then apply them consistently; Observe the method and principles in the applicable Charities SORP; Make judgements and estimates that are reasonable and prudent; State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operational existence. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information on the congregation’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Approved by the Trustees and signed of their behalf. Date: 2nd April 2025 6 ## **Independent Examiner's Report** to the Trustees of Queen's Park Govanhill Parish Church for the year ended 31 December 2024 I report on the accounts of the charity for the year ended 31 December 2024 which are set out on pages 8 to 19. Respective Responsibilities of the Trustees and independent Examiner The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention. Basis of the Independent Examiner's Statement My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts. Independent Examiner's Statement In the course of our examination, no matter has come to my attention: 1. which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations (as amended), and- to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations (as 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 financial statements to be reached. Date: 5[th] April 2025 7 |**Queen's Park Govanhill Parish Church of Scotland**|**Queen's Park Govanhill Parish Church of Scotland**|**Queen's Park Govanhill Parish Church of Scotland**|**Queen's Park Govanhill Parish Church of Scotland**|**Queen's Park Govanhill Parish Church of Scotland**|**Queen's Park Govanhill Parish Church of Scotland**||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||||||||||| |**Statement of Financial Activities**|||||||||||||||||||| ||||||||||||||||||||| |**Year ended 31st December 2024**||||**Note**||**_Unrestricted_**||**_Restricted_**||**_Endowment_**|**_Total_**||**_Unrestricted_**
**_Funds_**
**_2023_**
**_£_**
107,187
350
41,713
3,995
33,964
187,208
0
141,823
141,823
45,385
3,933
49,318
49,318
240,794
290,112||**_Restricted_**
**_Funds_**
**_2023_**
**_£_**
0
34,480
0
0
0
34,480
0
36,092
36,092
(1,612)
(1,612)
0
(1,612)
35,743
34,131||**_Endowment_**
**_Funds_**
**_2023_**
**_£_**
0
0
0
0
0
0
0
15,000
15,000
(15,000)
(15,000)
(15,000)
758,285
743,285||**_Total_**
**_2023_**
**_£_**
107,187
34,830
41,713
3,995
0
33,964| |||||||**_Funds_**||**_Funds_**||**_Funds_**|||||||||| |||||||**_2024_**||**_2024_**||**_2024_**|**_2024_**||||||||| |||||||**_£_**||**_£_**||**_£_**|**_£_**||||||||| |**Income and endowment from:**|||||||||||||||||||| |Donations and legacies||||**1**||73,502||0||0|73,502||||||||| |Charitable activities||||**2**||300||40,237||0|40,537||||||||| |Other tradingactivities||||**3**||41,936||0||0|41,936||||||||| |Investments||||**4**||5,066||0||0|5,066||||||||| |Insurance Claim||||||33,688|||||33,688||||||||| |Other||||**5**||22,826|||||22,826||||||||| ||||||||||||||||||||| |**Total income**||||||177,317||40,237||0|217,553||||||||221,688| ||||||||||||||||||||0
192,915
0| |**Expenditure on:**|||||||||||||||||||| |Raisingfunds||||**6**||0||0||0|0||||||||| |Charitable activities||||**6**||178,966||44,162||15,000|238,127||||||||| |Other|||||||||||0||||||||| |||||||178,966||44,162||15,000|238,127||||||||192,915| ||||||||||||||||||||28,773
3,933| |**Net income(expenditure) beforegains**|||||||||||||||||||| |**and losses on investments**||||||(1,649)||(3,925)||(15,000)|(20,574)||||||||| ||||||||||||||||||||| |Netgains /(losses)on investments||||**10**||5,678|||||5,678||||||||| ||||||||||||||||||||| |**Net income /(expenditure)**||||||4,029||(3,925)||(15,000)|(14,896)||||||||32,706
0| ||||||||||||||||||||| |Transfers between funds||||**15**||(41,275)||41,275|||0||||||||| ||||||||||||||||||||| |**Net movement in funds**||||||(37,247)||37,350||(15,000)|(14,896)||||||||32,706
1,034,822| ||||||||||||||||||||| |**Reconciliation of funds:**|||||||||||||||||||| ||||||||||||||||||||| |Total funds brought forward||||||290,112||34,131||743,285|1,067,528||||||||| ||||||||||||||||||||| |Total funds carried forward||||||252,865||71,481||728,285|1,052,632||||||||1,067,528| ||||||||||||||||||||| ||||||||||||||||||||| |||||||||||**8**|||||||||| **----- Start of picture text -----**
Queen's Park Govanhill Parish Church of Scotland
Balance Sheet at 31st December 2024
Total Total
Funds Funds
2024 2023
Note
Fixed Assets:
Tangible Assets 9 726,170 741,170
Investments 10 198,249 192,572
Total Fixed Assets 924,419 933,742
Current Assets
Debtors 11 3,028 14,149
Cash at bank and in hand 67,263 87,042
Other Restricted 71,481 34,131
Endowment 2,115 2,115
Total Current Assets 143,887 137,436
Liabilities
Creditors falling due within one year 12 15,674 3,650
Net current assets 1,052,632 1,067,528
Creditors falling due after more
than one year
Net Assets 1,052,632 1,067,528
The funds of the charity:
Endowment Funds 15 728,285 743,285
Restricted income funds 15 71,481 34,131
Unrestricted income funds 15 252,866 290,112
Total charity funds 1,052,632 1,067,528
The accounts were approved by the trustees on……...……………...………….and signed on their behalf by:
Session Clerk Treasurer
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**Queen's Park Govanhill Parish Church of Scotland Year ended 31st December 2024 Accounting Policies** 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 belo ## **Basis of preparation** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102)amended on 5th October 2018 and effective from 1st January 2019 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities accounts (Scotland) Regulations 2006 (as 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 that the original capital sum is not reduced, but the income thereof is used for the purpose defined in accordance with the objects of the charity. Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees' discretion to apply the fund. ## **Incoming resources** Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. ## **Donated services and facilities** Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS102) the general volunteer time of congregation members is not recognised. On receipt, donated professional services and donated facilities are recognised on the basis of value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised as expenditure in the period of receipt. **Interest receivable** Interest on funds held on deposit 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 charitable objects certain tangible fixed assets, including the Church, Halls, vested in the Church of Scotland General Trustees. and the Manse, vested in local trustees. No consideration is payable for the use of these assets. Premises at Daisy St have not been incorporated in Balance Sheet. Expenditure incurred on the repair and maintenance of these assets is charged as resources expended in the Statement of Financial Activities in the period in which the liability arises. All tangible fixed assets costing in excess of £20,000 having a value to the charity greater than one year, other than those acquired for specific purposes, are capitalised. Depreciation is provided on a straight-line basis to write off the cost or initial value, less residual value, of tangible fixed assets over their estimated useful lives. Fixtures, fittings and office equipment 10 years Motor vehicles 5 years **Investments** Fixed asset investments are stated at market value at the balance sheet date. Unrealised gains and losses represent the difference between the market value at the beginning and end of the financial year or, if purchased in the year, the difference between cost and market value at the end of the year. Realised gains and losses represent the difference between the proceeds on disposal and the market value at the start of the year or cost if purchased in the year. **Taxation** Queen's Park Govanhill Parish 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 recognised for VAT and resources expended therefore include irrecoverable input VAT. **10** 5f(rnlTArtrfLlefi￿i￿sb￿￿Dts thtytxtthjl sltkrtth2124 Urtrekrfrtd R¢Jthrted E￿0v￿ Iar￿rfrttI r&rfil Fifi15 Fi Fo Fi Fqn15 2024 2021 2023 2823 2123 2023 *o￿l￿1t5 4911 55y6 ii¥J 55J6 9,149 TuTrcovettdoDElawJ 17 11,i¥J (tr(th&WoJk]ll(fjnrl 3J91 3,193 71 73J2 107,1 107.187 alldbJTrx Ir thDll5 137 J37 ,730 Ji B£nlrecthed 419 41,936 419Afj 41.936 S￿51 Ikp05dinlu¢51 ImhtrL￿ fromloknRossM(woi 31.t88 Rwts fromCtternlTmslt£% 14 56J14 ffjrlheye￿Pth3ISll￿rethr 21124 LiTeslriel¢d Rethirled Eidofftenl Ttyldi fnr¢slii¢lel le￿n¢￿tI EJrd¢wmenl Tthldl FM#ds Fumds FAxds F￿¥$ F#ftds 2024 2L124 21124 2024 ?Lt23 2023 2023 2023 6 kndy5is RaisingFund5 lovestnMI MwiBerfs Ftts ChorilGbleAclThilies &M￿s¥)￿e0￿￿*lltK 51y6 3,756 51246 3,Tr5 Ptesb)derytkn$ Mintsterfs F4￿￿eS inc TAvlThone CounclT 5J>l 497 5JOI 497 439 439 3,639 3,a39 rt￿pty cu 6,540 5,150 11,950 (hhff skny c0515-¢thEèllEI -1￿￿*F￿￿taI 111442-7171. 4989 11649 5.IXI 1199) Il619 -PellsI)llContnbul￿ns 555 555 -TIxlIDsut￿e 2715 1715 69fvn Fab￿ReP￿S &M•lliten M4D5eFwendJbJJE HutDiB ￿dIABbling Wituch￿es &bsunace CkinlliBMaleJith aodtaulldry (hutchTekphooeaLdPosta8e Pnlltins,StstK>jw￿dSkntQcOpY￿iB (hgall4lldMus 14,797 14.P)7 1&81 1&055 24J54 6J53 1,653 24J54 6J53 1&53 1284 I8,￿6 6W6 1912 575 575 510 1$ lo(kg￿*4li)llS (hberFwses (kntre￿b 5271 5,373 5J73 D￿Y StF¥dtiute IlldepelldeJiFJameP5Fee ]kptE(iIIKID Restrthor8WiSit&)ns 119 119 650 720 15,1 15.r 44,162 234127 15,tm 15.C ,162 162 36,r 34{￿12 15,( 141,823 15,[ 191915 178966 44,162 238J27 141 123 36,092 192915 li **----- Start of picture text -----**
Queen's Park Govanhill Parish Church of Scotland
Notes forming part of the financial statements
for the year ended 31 st December 2024
Support costs have not been separately identified as the trustees consider there is only one charitable activity.
Therefore support costs relate wholly to that activity and have not been separately identified.
2024 2023
Note £ £
7 Staff costs and numbers
Salaries and wages 21,140 20,602
Social security costs 2,715 3,120
Pension Contributions 600 555
24,455 24,277
The average number of employees during the year was as follows:
2024 2023
Number Number
Ministerial support 0 0
Administration 0 0
Music Staff 1 1
Premises maintenance 1 1
2 2
No employee had employee benefits in excess of £60,000 (2023 nil)
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 year's of service. For the year under review the
minimum stipend was ££31,642 and the maximum stipend (in the fifth and subsequent years) £38,884.
During the year 1 trustee (the Minister) received reimbursement of expenses incurred totalling £445. In addition
8 , who is a member of the Kirk Session, received £4,989 (net) for providing services as organist during the year.
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 or waived any remuneration or expenses.
During the year a total of £12,360 was donated to the congregation by trustees.
13
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Queen's Park Govanhill Parish Church of Scotland
Notes forming part of the financial statements
for the year ended 31 st December 2024
Note
9 Tangible Fixed Assets
Office
Buildings Equipment Manse Total
Cost
At 1st January 2024 750,000 0 231,170 981,170
Additions 0 0
Disposals 0
At 31st December 2024 750,000 0 231,170 981,170
Accumulated Depreciation
At 1st January 2024 240,000 0 0 240,000
Charge for the year 15,000 15,000
Eliminated on Disposals
At 31st December 2024 255,000 0 0 255,000
Net Book Value
At 31st December 2024 495,000 0 231,170 726,170
At 31st December 2023 510,000 0 231,170 741,170
Previously owned assets were sold and used to build new sanctuary and suite of halls. Trustees' fair valuation of these estimated at £750,000 in 2007. 2% was charged in 2024.
New manse purchased in 2017 for £231,170. No depreciation charged.
14
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Queen's Park Govanhill Parish Church of Scotland
Notes forming part of the financial statements 2024 2023
for the year ended 31 st December 2024 £ £
10 Investments
Market value at 31st December 2023 192,572 188,639
Further investment
Sale of investments
Unrealised gain / (loss) on investments 5,678 3,933
Market value at 31st December 2024 198,249 192,572
Investments at cost 105,414 105,414
The following investments are held Gain/(Loss)
Unrestricted Funds
Brooks McDonald Portfolio QP 198,248 5,677 192,571
New Manse Fund QPG 1 0 1
198,250 5,677 192,573
Note
11 Debtors
2024 2023
£ £
Gift Aid Refund due 2,528 13,649
Other (Investment Income and Bank Interest) 500 500
3,028 14,149
12 Creditors
2024 2023
£ £
Accruals
Baird Trust Grant - unused in 2023 & 2024 13,000 3,000
Other (independent examiner's fee) 650 650
(Tearfund - outstanding donation) 14
(Holiday Club - outstanding donation) 2,010
15,674 3,650
15
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|**Queen's Park Govanhill Parish Church of Scotland**|**Queen's Park Govanhill Parish Church of Scotland**|**Queen's Park Govanhill Parish Church of Scotland**|**Queen's Park Govanhill Parish Church of Scotland**|**Queen's Park Govanhill Parish Church of Scotland**|||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**Notes forming part of the financial statements**|||||||||||||| |**for theyear ended 31 st December 2024**|||||||||||||| |**Note**|||||||||||||| |**13**|**Analysis of Net Assets Among Funds**||||||||||||| ||||||||||||||| |||||**General**||**Designated**||**Restricted**||**Endowment**||**Total**|| |||||**£**||**£**||**£**||**£**||**£**|| ||||||||||||||| ||Fixed Assets|||||||||726,170||726,170|| ||Investments|||198,248||1||||||198,250|| ||Current Assets|||62,779||7,512||71,481||2,115||143,887|| ||Current Liabilities|||15,674||||||||15,674|| ||**Net assets at 31st Dec 2024**|||
245,353||7,513||71,481||728,285||1,052,632|| |||||||||||**Endowment**
**Total**
**£**
**£**
741,170
741,170
0
192,572
2,115
137,436
0
3,650
743,285
1,067,528|||| ||||||||||||||| |**14**|**Volunteers**||||||||||||| ||In common with all congregations of the Church of Scotland the congregation benefits from the contribution made||||||||||||| ||byvolunteers whogive their time and talents willinglyfor the benefit of the Church. The areas of congregational||||||||||||| ||life which relyon the contribution of volunteers are manyand varied and much of the activitywould be unable to||||||||||||| ||continue were it not for the commitment shown. The list below is not exhaustive||||||||||||| ||_Arranging flowers in the sanctuary each Sunday_||||||||||||| ||_Organising tea/coffee after the morning service each Sunday_||||||||||||| ||_Running a creche at the same time as the morning service each Sunday_||||||||||||| ||_Organising a mealfor homeless and rough sleepers each Sunday afternoon_||||||||||||| ||_Organising a Foodbank tofeed all comers short of food_||||||||||||| ||_Running the church office each weekday morning_||||||||||||| ||_Organising a weekly lunchfor all comers each Tuesday_||||||||||||| ||_Organising a weekly coffee morning for all comers each Thursday_||||||||||||| ||_Using technical expertise to run sound and videofor each Sunday Service_||||||||||||| ||_Giving time and effort toproduce musicfor services_||||||||||||| ||_Giving time and effort toproduce choral singing for services_||||||||||||| ||_Organising a mission to children each summer_||||||||||||| ||_Organising and running a Brownie Pack each week_||||||||||||| ||_Organising and running ayouth clubforyoung people each week_||||||||||||| |||||||||||**16**|||| Editi118,ytibliiliiiigdpidpriiiizi¥ all￿pillIA. li￿g￿liFe Btiildiiig rtiid Npdolipig o ii'ebsilefvr cliiiicli nclii'ilies Maiiirufjimg thidreplliriiig cliiffclipreiiiif85 Proi'idlligloodelcfvrjii￿ra1s,prtr[ieS dpidgroiip5 renliiigiliepremises MoiiagiFigfili￿Icl￿l slPSIeip￿, baiikiligoF￿p1od1l(J1Ig OCCOliFIIs MoiiilafjimR I￿Rnber$llzP deialfs coiiforiillii£lo dalapFOteclzoii reqiirdiiepitS Acln eli'pnrlicipnlipry i?ISiiiidm' ii'orsliip iliroiigji lendiiig iFi reddipigs dpihprrtiers Orgaiii5iFig 1118olsaFFdeFilertaiiiiii&Jlfvrclitldreyi dNriiigallschoollwlidai3 I1￿011g1101l¢ tlie ieor Queell's P￿.k G(￿nhilIPal'1sh £Th￿r¢b (IScdla]Ml N(trs f￿.￿1￿£ wtofthe fin￿¢111 ststemeDts fQ'tbeTrT￿'tDthd3l stDKeth 2024 Moi'emenls In Funds 15 15tJaDU 2024 ing Resiu'ces OulE(ing Re$MI'ces 315t Dtcenknr 2024 Irl￿fEr$ EndOwn¥￿￿￿ds op ajuirli and Halls QP Miiri@. HeTldci￿Ol] 741.170 lis.￿0) op 818 818 114.(K)01 Reslrrledfmds QP kiik kssiuiiB¢J]tvoltlll Fulld op aub17U QP Sumllrrhlission,IHohday aub QP Fioiiff Fund QP Fello115h￿ Conneth'on QP ￿l11th Stop QP Hospitality op r]M QP Pathfi[￿￿5 QP FoodL',ank Johll Ross MenDriai ChuNh lkn.'elopllrnl F￿d 1.012 IJ05 1.059 1.771 1.01? 457 174 1.963 573 9.)16 1,1 3.855 11.6211 iio_i)i) I￿8} 14AS11 19_YJ61 (fA)71 1.771 3.442 2233 1505 763 15.824 (4n 111.87?} 14 1901 915 11.156 41.751 5.6(6 6.138 .1.11 144.16!} 71.481 1.y1r￿1¢led￿Ads I￿1£￿ared Fabllc Fund (kneiil Fwid John Ros5 MenDriai Chll￿h JnTresillMI Funds 15.6(N8 40 198 61.$79 169.735} 11ts)231} 7.513 141 ?75) 5.678 181994 2￿.112 1178.%@ -41.174 Tital FUD 1.0675 17 15 Movements ill Fullds IslJallUary kncoDMDg 2023 Resourres OutgiADg Resour(es 31st De¢eDknr Trallsffrs 2023 ENrfowmenifund5 Clurcb alld Halls 75fi170 {15.I¥N)) 741,170 op op 1297 818 818 758285 115,IW} 743285 Reslrfet*dfvAds QP KllkS¢ss¥)ll B¢ncvokDI FuDd QP Cknb 170 QP Miss￿￿ 1.012 1,589 1.012 (1,552) (9380 (1281) 741 9.704 1.059 op QP The& op Fellowsbip Conne£tk)n op tuncb Stop QP Coffee Chjb QP Hospttahty op QP Pathfilld￿s op FoodbaJ)k FlowerFuDd 1382 670 1,771 112 7tr) 3,629 11059 (3,548) {ii 1477 1.771 355 -355 1.810 1814 (1,181) 3.442 988 215 li￿) (A157) 763 16,546 &965 1,513 (827) Is,￿4 6,138 rkve1op￿lli Fund 35,743 34,480 136,IW2} 31,131 UNre51ricfedfynds tksi8nated Fabr￿FUtsd C£neTaiFund 29.152 3y)5 141939 {17,478) 1124J45) 15,fA8 41J98 Johll Ross Menk)nalchU￿h 41275 3933 191,141 2J,621 41275 192JT2 2￿,112 I,(￿7j28 tllve5thrnt Funds 18&639 240,794 1.034,822 -141,823 1191915} Total PuryM)se of Funds Funds op op C£orge Kent MellK>rialforPathfiDd￿s &ctivitEs. Mu]KlH¢lld¢￿Oll ￿u<$I i5 to b¢ usd foTih¢ ¢llcourdgcurnl of a]N)]]gyoung p¢opk. De5ignalérf Fab]K Fulld is a fiujd to pnvid¢ forth¢ a￿Di1¢￿an¢¢ OfallQl￿￿ll￿b p￿perty. Restrieterf op op op op op Kll1S¢sS￿1] &ll¢vok]Jl Fu]Jd is foTUSC by th¢ Mll]i51¢T ford¢s¢Tviug caus¢5. Cl]b 170 14 a fund to provik food and con¥anionsh4) forthe honrkss and rough skepers. SuttuKIMissiou is a filud lo pwvid¢ d ll￿5¥)￿ lo chldtrll. FlowerFund 14 a fund to provxle tk)wers fortsp]ay durng se￿￿eS ofwo]sh4). 18 op Th¢ othufuuds ￿lat¢ lo OTgani5alKID5 iu th¢ cbu]rh Further￿doWn￿t Fund i4 to effe£tivety decrease stipend costs by illcreasillg the kvelofendownrnt illconr Lkv¢iopnKui FuDd i5 forth¢ ofth¢ church and hall5 (tace and Fiavourcaférdises fi]nds with llK)st of thepn)frts beiDg donated to church fvnds 16 Collections Ior ThlrdPartles 2024 2023 rosy Mtssion iistw ANJ 593 439 275 est,heart & Stroke CHAS (ChJkhrD'S H05pKc, Robiu HL)use) Teathd-Tollet twn)ing Str¢¢l Pd5to 59Y) 230 494 Food Bank IJ)dgllig House Poppy Scotland Blytheswood Care DECFArthquakeAppeai Red CTOSS 778 124 874 359 (lasgow City Mission 2.458 3,036 APPENDLX FUNDS HEtJ) ON BEHALF OF THE CONGREGATION BYTHE CHLIiCH OF SCOJLIND GEJERAL IRUSTEES 2024 2023 CIPITAL ACCOUNT Credt Bakne at 31 Ikcenl)er 481,9 227,405 ma￿¢t th of baknKes at 31 tkcellbei 481,944 227,405 REVEliIT ACCOLNT Credrt BAkne at 31 Ikcelll) 24,325 4,853 TETrIPORARYFLF4DS tkbi Bak￿e at 31 Ikcenl)er 441