THE CHURCH OF SCOTtAND St. Paul's Parish Church Milngavie Trustees, Report and Annual Accounts For Year Ending 3 1st December 2024 Congregational Releren(e 181209 Scottish Charity Nurftber S(002737
St Paul's P2rish Church avie Contents of the Fill1¢1a1 Statements for the Year Ended 31 December 2024 Page Reference and AdmiThistrativ¢ Details Report of the Trllstees Independent Examiner's Report Staternent of Financial Activities Balance Sheet Notes to the Finallci81 Statements 8 to 20
St Paul's Parish Church Miln avÈe Reference and Administrative Details for the Year Ended 31 December 2024 Clwity Name.. St. Paul's Parish Church Milngavie Charity Regi5¢ration Numb¢r.' SC002737 Congregation Reference No.. 181209 Independent Examiners McLay M¢A]ister & McGibbon Ll,P 145 St Vincent Street Glasgow G2 5JF Baiiker5 Bank of Scotland 2 Station Road Milngavie G62 8AA P38e I
St Paul's Parish Church Miln avie Re ort of the Trustees for the Year Ended 31 December 2024 The trnstees present their report with the fanCial statements of the chaTity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Cha]'ities'. Staternent of Recoulln¢Dded Practice applicable to charities preparing their dccounls in ac¢ordance with the Financtal Reportir]g Standard applicable iti the UK and Republic of Ireland (FRS 1021 {effective l January 2019). OBJECTIVES AND ACTJVITIES Obje¢lives Thc Church of Scotland is Trinitarian in doctrine. Refomied in tradition and Presbyterlan lli polity. It exists to glorify God and to work for the advancement of Christ's Killgdom throughout the world. As a national Church it acknowledges a dislin¢tive call and duty to bring the ordinances of religion to the people in every parish of Scodand through a territoiial ministy. It co-operates with other Churches ia various ecumenirAI bodies in Scotland and b6yond. Activities - In St. Paul's on Sunday there is one service of woiship at 10.30am. The evening services temporarily stopped itt August 2024. The morning service is recorded and streamed on the intemet. A weekly Prayer Meeting is held. The Sacrament of Holy CommuIiion is celebrated during the nkomiug service in January. April, June and October. Advent Services 8re held at 9.30am on a Saturday four weeks prior to Christmas and Services for Lent at 9.30a]n on a Saturday four weeks before Eiaster. Guest PreacheTS and BldeTS have delivETed the addresses at these and the evening services. A number of house bibl¢ study groups operate in the Pari.8h. Tftje Church Choir lead moming worship and meet on a Thursday evening for practice. BaptIsS, weddiDgs and funerals al'e attanged through the Mit]ister. A Harvest Thanksgiving Service is held in September with donations given to the house-boTmd and local charities. A family service is held on Chrtstm28 Eve at 7pllL. The Sunday Club and Bible Class meet durillg the moming service each week for Chilthrn from three years old to those in S6. Slln Kids, for all children and young people in the Community who are of Prin]ary School and Secondary one age group, Ineet once a month. The Ark, for Secondary School pupils. also meet once a month. A Toddler Group entitled 'Trloah's Ai*" operates on a Thursday moming, during school temi. for children up to the age of 3 years. BreakAway@St. Paul's is an outreach to the collJmuDity to support the family members alld family with early onset dementia. The group meet on a Thesday afternoon and provide a relaxed dementia-friendly and sociable environtnent promoting inclusivity, WRd? opportunitiC5 for members to enjoy chat, share in activilies and make new friends. The Guild at]d the Badminton Club meet weekly and the Men's Association fortnightly, throughout the Church season. An in-house produced magazine entitled "Lifc at St. Paul's Milngavie" together with ollr Church website and a PFinted Sunday Intimation5 sheet are our primary ways of comfftunicating with the congregation. A Lunch Club is rt]n by members of the congiegalion every Wednesday during the ChuTch season for Mllbers of the local community. Members of Baldemock PaTiSh Church attcnd many of the a¢(ivities. We partieipate and co-operat¢ with local churches in events alld activities. A nllmber of our members assist in the rullning of an ecumenical drop-in centre mrA by the local ¢hLurhes called "Friendship House" The Douglas Academy Annual Christmas Concert is held within the Church and is well run by the members, parents, and friends. Fund raising for clstian charities is a part of St. Paul's witness and outreach. and during this year we supported many charities as detailed below. 11)e IsLf2nd Milngavie Company of the Boys, Brigad¢ who meet in St Luke's Church is SUPPOrted by the Kirk Session when required. We fmancially and spirithally support our missionary partner in Japan. £2,800.00 has been sent this year. Communicant membership of the Church Ct]Y stsnds at around 600 members. Attendance at Sunday worship COntnUed to average around 170 members at the morning service and 30 members at the evening Service. Tbe moming service recorded and available on You Tube. On-going maintenance of the Church buildin& and halls complex conttnues to be achieved to a very higb standard. The Churcb website is by volunteer members of the congregation and continues to be well visited from all over the world. The congregation donated £l.000.00 to Clyde Presbytery in support of the Holy LaDd But¥ary Scheme. Other donations Cbristian Aid £1,000.00. A total of £2,000.00. To fu]fil the obligations and cornrnitment of the work and Mission of the Church it is acknowledged that approxi(nately 8,500 volutktary bours are dedicated by the TrÈ]stees in any given ytar. Page 2
P8 I's Parish Churth Mi]n avie ort of the Truste¢g or the Yejr Eded 31 December 2024 OBJEcfIvES AND AcfiviTIES Voluntcers In comrnoll wtth au congr¢gatioDs of the Church of Scotlatjd, the congregation benefits from the contrtbution made by volunteers who give the tine and talents willingly foT the benefit of the Church. The aiEas of congregatlollal life which rely on the contribution of volunteers ar¢ many and varied and much of the activity wou5d be unable to contiuue We it not foi. the cojnmitjnent sbowu. FINANCIAL REVIEW Finfjnelal Review The fmancial outcome of the a¢tivitie5 for the year 15 set out in the Statement of Financial Activities on page 7 and die Balan¢e Sheet OD page 8 sumrnarises the position at the end of the year. The principal Source of income is fi'om member.%' offtrings on a weekly? monthly. quai1erly, bi-annual and annual basis. The methods of giving are by Weekly Freewill Offerg Envelop (non-Gift Aid), Weekly FTeewill Offering Envelopes (Gift Aid}, Standing Orders (Gift Aid and non-Gift Aid), Cheque5 and Open Plate (non-Gift Atd), and from b]dividual Gifi Aid envelopes via the Open Plate. tn addition, allows the olaiming of Gift Aid a woportion of the cash poltion of ttke Open Plate offering, through the Gift Aid Small Donations Scheme. Our payroll costs cotLtinue to be reduced by an exemption in Employer's National Insllrance contributions, but we are obliged to offer contributions to a pension fund for eligiblc employees with thc Govemment's NEST Pension Fund as Ihe preference of the cOn'¢gatiOnal Boai'd. The General Fwid shows a decTease in offerings by standing oyder and envelopes of £98. Gift Aid continues to be laimed on the eligible poition of the Open Plate Offerin& the opett plate increased by £1,533 and this year a clatm of 8pproxin)ately £31,677 in (iifi Aid. kn relation to Gift Aid, HNfjRC continues to proc65s ow- clairlls within a week. As in preyioll5 yeais, the Acxounts of the Orgallisation$ of the Church aTe incolpwated ill the accounts under the beading of RestTiCted F%unds. Reserves policy The poLi¢y adopted by the Trustees is dictated by iht giving of the meTnber$, and Jnonies ILeld iik the GeJLeral Fund generally eover approxtinately follr months expenditure. The Reserves Policy is considered on an anDual basis. At the end of the y¢ar the Chiiirh held total unrestrtcted fund5 of £290,014. broken down into designated funds of £217,387. as shown on Note 18, and a general fund of £72,627. The Church also beld Testricted funds of £821,035 represented by th¢ Property Ellnd at £611,000 and other rtstricted Funds of £210,035. The trustees ¢onsiderth¢ r¢3ttve tsds will enable them to Colltine lo the congregation for the fortbcoming year. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing docun)ent The ChuTch is administer¢d in the tenns of the Church of Scotland Model Deed of CorA5titution. The Church changed to tbe Chuith of Scotland UDitary Constitution on I Iattllary 2025. Recruitment appointment of new trustees Menibers of th¢ Kirk Session and the Congregational Boaid are the charity trustees. The Kirk Session members are the elder5 olthe chwch and are chosen from thuse members of the church who are considered tts have the appiDpriate gifts lld skills. The Congr¢gational Board 15 appoint¢d within the congregation ld members of the congregation are invited to nominate ]nembers who are believed to have the sktlls and ¢ommithent to contribute to the management affairs of the churcb, to becornc members of the Board. Board mejibers then appoillted at the Stated Annual Meeting and serve for a period of three years afieT whith they may 5¢ek re-election at the next Stated Annual Meeting. Page 3
St Paul's Parish Church vi ort of th¢ Trustccs for thc ¢ar EDded 3 D¢c¢mb¢L' 2024 STRUCTURE, GOVERNANCE AND ThW+iAGEMBNT Organlsational strmcture l-he Congregational Board, which comprises 21 elders and 21 members of the congregation, is Ghaired by the Minister or ill lii61h¢r absenG¢ an appoiiited tnjstee and met six tie$ ill 2024. Certain roles and responsibilities, as considered appropriat4 d¢1¢gad (o appointed conunittees VIL P'inance, Inve5tnent and Insurance, Churdi and Halls, Fabric, Mause Fabric. Chw¢h. Halls, alld Manse Furnishings, Church Gardens. CtsEnrnvnicalions, Health, Safety aud Security and Environmental Ilcalth. The Minster also 0dat¢S tbe Kirk Session, which met five titties in 2024. The Kirk Session has responsibility for tb¢ spiritual and pastoral oV¢rSl Df th¢ conEregation and the parish and operates wkth a pro-active committee stnicture viz. Education and Youth. Pa5tnTal and Communication, Stewardgbip, Oveysc85 Missioii. Home Mission and Worship A member of the KiTk Session is appoint¢d to the role of Safeguardtng Co-()Tdinator in terms of The Church of Scotlsnd Code of Good Safeguardijig Pr(iltic¢s to prorect children and adultg at risk from ham or abuse. An Jnternal Rtgk Assessment Con]mittc¢ rGports to the Congregylional Board and ¢0 the Trllst¢¢s with a reinit to consider attd ietK>rt on tx>tential areas of risk to Church lld$ assets. Risk ManageThent The potential risks and uncertaitttie5 facing the eOFJgTegation include Finance control, recording of recoipts. authorisation and paymeTrts of surn5 due. Property. Il¢alth and Safety, and l£gisl4tion and Personnel. A Risk As8es8roent Committee bas identified each risk. its pEr1ved Status and graded tèch rssk as high, medium or low. Responsibility forn)anagiDg the risk li¢s wtth th¢ conveiicr of thc dc5ignaied CtsTnmittee and to whorn the risk sbould be rep(JrtEd. The tnaiu risks have beon identifi¢d and rniligatcd as best is possible, although the Risk Assessment Comrnittee re]naiu opett to referrals from ally individL]al or organi5ation w&thiii the Church who may have ¢oncerns over other risks not yet identified. Othei. Concerns conltnue to be the increasing average age of the congregation aud histor1llY reducing off¢rings. /* Ytszc Approved by order of th¢ board of trusl¢es on ............................................. attd signed ott its behalf by.. Sesslvn Clerk Page 4
Ind¢ dent Examin¢r's Rc ort lo the Trustees of St Paul'5 Parish Church Mi]n vie l T¢POrt on the accounts for tbe ye. ended 31 December 2024 set out on pages seven to twenty one. Respective responsibilities of tTUStees and eJamlner The charity's tnistee.% are responsible for the pr¢p*'ation of the accounts in accordance with the terms of th£ Charities and Trustee Inv¢sttnent (Scotland) Act 2005 and the Chariti¢5 Accounts (Scotland) Regulalions 2006 las amended). The ehariry's trustec5 GonSLdvr tliat the audit requurment of Regulation 10(IXa) to Ic} of the Accounts Regulations does not apply. It is Iny r¢5ponsibility to ¢xaminc thc a¢counts as requtred under Section 44111{c) of the Act and to state whether particul. matters have romc to my attention. Bnsis of the independenl examiner's report My examination was carried ovt in accordance with Regulation I l of the Charities Accounts (Scotland) Regulations 2006. An txamination includes a review of the accounting records Rept by the chaniy and a CoparIS011 of the accounts presented with those records. It al%0 incllldes consideration of aiiy unusual items or disclosurc5 iti thc account5. and seeking explanations frotn y<)u as trustees con¢erniThg any such matters. The proc¢dwES undertaken do not provide all the evidence that would b¢ required in audit, attd con%quently I do not express 8n audit opinion on the view given by the acctsunrs. Independent examinei s statement In connection with my cxaminaiion, no matt¢r has come to my attention.. {1) whi¢h gives me reasonable cause to believe that, in any inaterial respect, tbe requuement5 to keep accounting records in accordance with Section 44(1)(a) of ihe 2005 Act and Regulation 4 of tbe 2006 A¢couniS Regulations. and to prepart accounts which accord wiLh the a¢couiiting r¢cord5 and to comply with Regulation 8 of the 2006 Accounis Kegulations h&ve llot be¢n met. or (2) to which. in llLy opitiion. attentiiTrn should be drawn in order to enable a prop llnderslanding of the accounts lo be rea¢hed. M¢Lay McAlister & MoGibbon LLP Chartered Accountants 14% .%t Vincent Street Glasgow G2 5TF Dat¢.. 201s.[I Page 5
St Pau 's Parish urch Miln avie Statement of Fin for the Year Ended ¢ial Actiyities l Decembcr 2024 31.12.24 Total funit5 31.12.23 Total funds Unrestricted fijnds Restricted fvnds Notes INCOME AND EI¥DOWIIIENTS FROM Donations and legacies 198,874 29,129 228,003 216,153 Charitable aetivities Funeral Donations Coffee Fellowship Donations Lunch Club Dotiations 1,450 1,450 2,637 5,225 1.000 1,722 5,248 2,637 5,225 Other trading activities tnvesttnent income Other income 1,040 9,868 1,040 17,439 3.692 360 14,534 430583 7.571 Tot#1 214,924 259 486 669 600 EXPENDITURE ON Charitable activitRes ChaTitsble Activities 223 026 230 646 453,672 272 094 Net gains on inveStentS 1,262 NET INCOMEI(EXPKNDtTURE) Tr2n5fers between fullds (6,457) 87 531) (184.822) 87,531 18 (191,279) 409,133 riet movement in funds (93.988) (97,291) 1191,279) 409,133 RECONCILTION OF FUNDS Total fvnds brought forward 384,002 918,326 1,302.328 893,195 TOTAL FUNDS CARRIED FORWARD 290,014 821035 1111049 1,302 328 CONTINUING OPERATIONS All in¢orn¢ and expenditure has arisen from continuing activities. The notes fomi part of these fela1 statements Page 6
St Paul's . Ch h M]] ie Balance SlieEt 31 D¢¢otobcr 2024 31.12.24 31.12.23 Notes FIXED ASSE'rs Tattgible asset Jnvestments 13 14 611.000 32147U 611,000 318563 932,470 929,563 CUKiUNT ASSETS Ikbtors C3sh atbaDk and in hand 15 8,1 l8 170 821 8,974 363 793 178,939 372.767 CREDrroRS Amounts falling dlle within one year 16 (360) (2) Z+]ET Ci]RRENT ASSErs 178 579 372 765 TOTAL ASSETS LESS CURRENT LIABILrnKs 1,111,049 1,301328 r4ET ASSETS 1111049 1302 328 18 Unrestrlcted fwids Resttided fuud5 290,014 821035 ' 384,002 918 326 TOTAL FUNDS I 111 Q49 1,302 328 The finaTL¢ial statements were 8pproved by the Board of Trustees alld authorised for issu¢ o I.*..-&.a.oad were sigDed oll its behalf by: The notes fonD part of thes¢ fiuaTJ¢iai statements Page 7
St Pau '5 Parish Church Mi avie otes to the Financial Ststem¢nts the Year Ended 31 December 2024 ACCOtJNTING POLICIES Basis of preparing the financial Statements The fanCIal statements of the dLarity, which is a public benefit ¢ntity under FRS 102, have been prepared in accordance with the Charities SORF IFRS 102) 'AccounttiJg and Reporting by Charitics,. Stat¢ellt of R¢conMnended Pradice applicable to charities preparing thetr accowits in accordance with the Financial Reporting Standard appli¢able in the UK alld Republic of Ireland IFRS 102) (effective l January 2019),, Einancial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of treland, and the Chatities and Trnstec Investment (Scotland) Act 2005. The Fan¢[al statements have been prepared under the historical cost convention, with the exception of illvesttnents which we included at .ke1 value, as modified by the rcvaluation of certain a&4ets. The Accounts of Church (hEalli5atioJs are checked, and balauces Verifi by members of the Finance Coullllittee of the Congregational Board. The fmancial statements are prepared in sterlingi which is the functional OuenCY of the charity. The Trustees h&ve reviewed the charity's opu'atittg costs for the next 12 months, and the sourc&s of fimd5 available, and are s8tisfi¢d that the charity 15 a going rollcern. Incomlng re50urees All donations and gifts are inclttded within the illcoming resources under either uJ]restricted or restricted fimds according to tbe tetyns der which the donation is made, and the income is recogllised once the Charity has entitlement to the fullds, it is probable that the income will be rec¢ived, and the amount can be measured reliably. Donations and associated Gift Aid are accounted fotr when received. Legacies and similar income are recOlS¢d at fair value when the executor is satisfied that the gift will not be required to meet claims on the Estate and atty conditions have been met or are within the control of the charity. DonatiQllS and gifts in kind are brought into the accounts at th¢iT arket value to the Charity, uDless it is not practical to do so. Resources expended Resources expended 8rE included in the Ststement of Financial Activities on an ac¢ruals basi5, inclusive of ally VAT which cannot be recovered. Resources expended are classified by activty. The costs of each activity are made up of the total direct costs 8Dd thared costs, inclllding support costs involved in undertaking each activity. Direct eosts attributable to a single a¢tivity ar6 allocated directly to that activity. Fixed ass¢ts acquired costing less than £10,000 are written off to expenditure in the perftod of a¢quisition. Tingible fixed assets The charity has the right to occupy and use for its charitable objects certain taDgibl¢ red assets, including the Church. haiEs and nLallse. The heritable properties ¢on5iSting of the Ch and Halls are not recorded in the accounts and ar¢ vested in the ChuKh of ScotIalld Trustets. Title Deeds for this mallse at 41 Braefoot Avenue, Milngavie are held on beha]f of the Trnstees of St. Paul's Parish Church ITA the name of the Session Clerk, the Depute Sessioo Clerk and the Clerk to the Congregational Board or tbeir succe&8ors in office, and these are lodged with Adairs, Soli¢itors. 3 CEsll¢ Street, Dumbarto4 G82 IQS. The Manse is llominally Valued at £611,000, and expenditure incurred on the repair aiLd rnaintenance of this asset is charged as resources expend in the statemellt of fjnancial activities in the period it) which the liabiltty arises. The Manse iJJ Braefoot Avenue whith is identified as a tangft>le f]xed asset is not depreciated in the accounts. Miuor low-cost repai15 and maintenance items are charged to the General Fvlld. Other fabric repairs, stonework restoratioa, developmenL altenanCe and related expellditure are charged to the restricted Fund 'Resknation in Faith, Fabric Appeal established in 1991 for such purposes. Taxation St. Paul's Parisb Church is recognised as a charity for the pose3 of applicable taxation legislation and is therefore not subject to taxation on its charitable activities. The cbarity is not registered for VAT and resources expended therefore include itrecoverable inpllt VAT.
St Paul's PArish Church Miln avie otes to the FinaDcial Ststements- continued oi. the YearEnded 31 December 2024 ACCOUNTG POLICIES- continued Fund5 Funds are Classified as either restricted ndS or unrestricted funds, defjned as follows.. Unrestri¢led funds air expendable at the discretion of the twstees in filltherance of the objects of the charity. If parts of the Ujllrstricted fund5 are earmajked at th¢ discretion of the trustees for a paiticlll3r puipose, they are designated as a separate fund. Restricted funds are funds subject to specific requirements as to their use, which may be declared by the donor or with their duthoi'ity or Created through legal processes. but still within the wider objects of the charity. Endowm¢nL funds are fi]nds which have been given on the condition that the origillal Capital Sum is not reduced. but the income there frotn is used forthe putpose defvjed in accordance with tbe objects of the charity. tn our case we haye no Endowment funds and as a reslllt we do not show any in the Financial details. Cash at bank and in haRd Cash at BaDk ¢ind in includes Cash and short terni highly liquid investments with a short maturity of 3 months oi. less from the date of a¢qui5ition or Op¢llg of the account. Financial Instrument5 The charity only has f]nancial asset5 fmancial liabilities of a kind that qualify as basic fEnancial insth]ments. Basic Financial Instruments are initially recognised at transaction value and subsequently rneasur¢d at their settlement value. Flxed A$$et Investments Investments are sho fair value. All gains and losses are retognised in the Stlttement of Financial Activities as they arise. Realised gains and losses on investtnents are calclllated as the differen b6tween sales proceeds and fair value at the opening balallcc sheet date (or purchase price if puhaSed subsequent to the last year end). Unreali5ed gains and losses are Calculated as th6 difference between the fair value at the year-end dote and fair Value at the opening balance sheet date (or ¢05t if purchased since the last year end). Realised and unrealised gains and losses on investments are combined in the Statement of Financial Activities. Pension Costs The Charity opeTates a workplace pension s¢heme for its employees. Contributions are charged to the SOFA as they becotne payable in accordance with the leS of the s¢h¢me. DONATIONS AND LEGACIKS 31.12.24 Total nds 31.12.23 Total funds Unrestricted funds Restricted fi]nds DoDatRons recovered on Gift Aid Legacies DesEgnated CoMe WFO Non Gift Aid Cheques- Gift Aid Standing Orders- Gift Aid Gift Aid Envelope5 Open Plate 13,899 31,677 3,000 1,124 4,515 3,50Q 114,727 7,983 26.500 2.629 40,399 34.306 3,000 1,124 4,515 3,500 114.727 7,983 28,709 35,117 3,035 5,688 3,450 114,139 9,079 198 874 228 003 216,153 Page 9 continued...
St Paul's Parith Church Miln avte Notes to the Filela1 Statements~ continu for the Year Ended 31 December 2024 OTHEI R TRADIL¥G ACTlVtTIES 31.12.24 Total funds 31.12.23 Total funds Unrestricted funds Restricted funds Use of Premises 1,040 360 INVESTMENT INCOME 31.12.24 Total nds 31.12.23 Total funds Unrestricted lunds Restricted funds vestment tncome 7,571 JNCOME FROM CHAIUTABLE ACTIVITIES 31.12.24 31.12.23 FuneTaI Donations Coffee Fellowship Donations Lun¢h Club Donation5 1,450 2,637 5,225 1,000 1,722 9,312 OTHER INCOME 31.12.24 Total funds 31.12.23 Total nds Unrestrtcted funds Restricted funds Baldernock Contrfftbutions L.P.O.W Refund Sale of Property 3,692 3,692 1,388 2,094 427 101 3,692 430 583 CHARITABLE ACTIVITIES COSTS Dityct Costs (see note 8) Support costs (see not¢ 9} Totals Charitable Activities 447 372 Page 10 eontinued..
St Paul's Parish chh Miln avie Notes to the Financial Statemcnts- continued for the Year Ended 31 DeceEnber 2024 DIREcf COSTS OF CHARITABLE ACTIVITIES 31.12.24 31.12.23 Staff costs Water and Insurance Manse Expenditure Electricity & Gas Manse Legal Expenditure Ministy & Mission Allocation Presbytery Dues Minister's Expenses Pulpit l Organist Supply Interim ModeratOT Salary & Exp RepaÈrs Major f%abTiC Repairs Printing & Stationery Telephone, BB & Postage Life l Life & Work Mission Japan Payments Holy Land Bursary stewardship Cards Other Charity Donations Church Flowers Software & Licences Miseellarteous Expcnses Grants to Organisations Organisation Exp¢nditure quipment 58,007 11,387 2,169 18,360 46,886 10.780 3,385 11,100 18,089 89,53 I 5.916 94 4,533 2,253 828 25,381 2,377 893 118) 2,900 1,500 705 5,646 1,623 I,840 11,796 1,000 19,909 3,147 89,301 4,820 649 2,858 2,237 1,623 180,862 4,154 1,076 2,800 1,000 3,055 1.628 2,036 9,001 22.212 28.133 447 372 SUPPORT COSTS Governanc costs Charitable Activities Support costs, included in the above, are a8 follows: 31.12.24 Charitable ActRvities 31.12.23 Total a¢tivities Accountancy and legal fees Page 11 continued...
St Pau's Parish Churc i Mihi aw ot¢5 to the financi#l Stat¢m¢nts- Continued for the Ye. Ended 31 December 2024 io. TRUSTEES, REMUNERA TION AND BENEFrrs During thc year no TTuslees received reimbllrsement of expenses. The following trustee5, members of th¢ Kitk Session aud CongregatEonal Board Irceived salaries as under rjoted.. Organist l-,itidoce Assistsnt 13,384.80 4,782.96 tTnll21 Roard 1"hich Officer 20.058.04 DuJ"itig y¢. approximately £120,000 was donated to the coDgreg&tion by trustee5. Trustees, expenses There were trllste¢s' expet]ses of £649 paid dEU'illg the y¥ar end¢d 31 Deccmber 2024 to Rev l.. Brennan. There were no expenses paid for the year ended 31 D¢cemb¢L' 2023. STAFF COSTS 31.12.24 31.12.23 Wages alld salaries AII CIIuTLh of Scutland congregations contribute to the National Stipend Fund which bears tbe cost of all rnÈnisters' stip¢d5 a]td employerfs conrributions for national ittsurance. pension and housing and loan hnd. Ministers, stipends are paid in accordance with the national stipend scalc, which 15 related to years of service. Foi the year under review the minimum Stipend wa5 £31,642.00 and the maxtmusn stipend lin 5th alld subsequent years of sei'vicel £38,884.00. The average monthly number of employees durit)g the yeoT was as follows.. 31.12.24 31.12.23 Adininistratio Organist Church Officer Cleaner No e]nployees received emoluTn¢nts in excess of £60,000. Pag¢ 12 olltinued...
St Paul's Parish Church Miln avie Note5 to the Financial Statements- tontinued for the Year F.lld¢d 31 December 2024 12. CoLlPARATIvEs FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted nds Resiricted funds Total nas INCOMX AND ENDOWMEI NTS FROM Donation5 and legacies 188,453 27,700 216,153 Charitable aetlvltics Funeral Donations Coffee Fellowship Donations Lunch Club Donations 1,000 1,000 1,722 5,248 ,722 5,248 Other trading activities Investment income Other income 360 8,224 360 14,534 430,583 6,310 429 195 Total 199 425 470 175 669 60 EXPENDITURE ON Charitable aetivities Charitable Activities 206,378 Net gain5 on investsnents NET INCOMEI(EXPENDITURE) 1374) 409.507 409,133 RECONCtLIATION OF FUNDS Total funds brought forward 384,375 508,820 893,195 TOTAL FUNDS CARRIED FORWARD 384001 918 327 1302,328 13. TANGIBLE FIXED ASSETS Freehold pyoperty COST At l January 2024 and 31 December 2024 611000 NET BOOK VALUE At 31 December 2024 611.000 At 31 December 2023 611000 Page 13 continued...
St Paul's Parish Church Mijn aviE Notes to the Financial Statements~ continued for the Year Ended 31 Decembcr 2024 14. FIXED ASSET INVESTMENTS Unlisted invcsttnents MARKF,T VALUE At l January 2024 Revaluations 318,563 At 31 December 2024 321.470 NVT BOOK VALUE At 31 December 2024 321,470 At 31 December 2023 318,563 There were no investtnent assets outside the UK. Cost or valuation at 31 December 2024 is reprcsented by.. Unlisted investments Valuation in 2024 Valuation as at 2023 2,907 318563 321470 Is. DEBTORS: AMOIJNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Tax on Gift Aid 8,974 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Other creditors 360 17. ANALYSIS OF f4ET ASSETS BETWEEf4 FUNDS 31.12.24 Total funds 31.12.23 Total tkds Unr¢stricted uds Restricted fimds Fixed assets Investtnents Current assets Current liabilities 611,000 139,566 70,469 611,000 321,470 178,939 611.000 318,563 372,767 2) 181,904 108,470 290,014 821.035 1 111049 1302 328 Page 14 ontinued...
St Paul's Parish Church Miln vie Notes to the Financial Statements- continued for the Year Ended 31 December 2024 18. MOVEMENf IN FUNDS Net mov¢ment in fundg Transfe between funds At 31.12.24 Atl.1.24 Unrestrlcted funds Genernl Fund General Reserve Fund Youth Activities Fund Harvest Flowers Stewardship & Outreach Sunday Club Fund 77,213 294,001 3,865 2,287 5,255 14.036) (550) {88,981) 72,627 205,020 3,613 1,458 6,355 941 {252) 1829) (900) 440) 2.000 384,002 16.457) (87,531) 290,014 Restricted funds Audio Visual Improvements Property Fund Badminton Club Fund The Guild fiund Lunch Llllb fiund Mens Association Fund St Pauls Church Choir St Pauls Churcli Society Restoration in Faith Fabric Appeal Overse8s Mission Fund- Japan Noah's Ark Group Fund Coffee Fiellowship Fund Garden Fund Kirk Session Benevolent Fund Breakiway- Dementia Group Travelling Fund 13,500 611,000 738 5,100 520 1,397 189 381 273,370 2,707 1,139 1,791 34 5,609 709 142 (13,500) 611,000 640 7,554 435 1.289 136 504 188,159 3,667 1,774 148 34 5.109 444 142 (98) 2,454 {85) 142 {53) 123 {174,192) 960 935 {1,643) (250) 88,981 (300) (500) 635 {90a) 918 326 184822 87,531 821,035 TOTAL FUNDS 1,302 328 191279 1111049 Page 15 contillued...
St Paul's P.Ish Church Miln vie Notes to the Financial Statemen - cOntlled for the Year Ended 31 December 2024 18. MOVEMENT IN FUIYDS- continued Net movement in funds, includeil in the above are as follows.. In¢oming resources ReSoUeS expended Gains and losses Movement in fijnds Unrestrieted fund General Fund Youth Activities Fund Harvest Flowers Stewardship & Outreach Sunday Club Fund 214,001 61 799 (219.682) (313) (1,628) (900) 1,645 14,036) (252) (829) {9001 63 Restrieted funds Audio Visual Improvements Badminton Club Fund The Guild Fund Lunch Club Fund Mens Association Fllnd St Pauls Church Choir St Pauls Chur¢h Society RestoratioJJ in Faith FabTiC Appeal Ovd'seas Mission Fund- Japan Noah's Ark Group Fund Coffee Fellowship Fund Kirk Session Benevolent Fund Breakaway- Demeutia Group 214,924 (223,0261 1,645 (6,457) (13.500) (454) (6,258) 15,310) (3,037) {52) {1,005} {192,950) (2,800) {250) (4,280) 1500) {13,500) (98) 2,454 (85) 142 {53) 123 1174,192) 960 935 (1,643) (500) 635 356 ,712 5,225 3,179 (i) 1,128 17,496 3,760 1,185 2.637 1.262 885 230,646 184 822 TOTAL FUNDS 259 486 453,672) 191279) Page 16 continued...
St Paul's P.13 Church Miln av Notes to the Finallcial Statements- continued for the Year Ended 31 December 2024 18. MOVEMENT FUP4DS- continued Comp&rAtives for Inovement ID funds Net movement in funds Transfers betwccll funds At 31.12.23 At 1.1.23 Unre5trieted lund5 General Fund General Reserve Fund Yollth Activities Fund 14arvest Flowei"s Stewardship & Outreach Sunday Club Fund Home Mission Fund Overseas Mission Fund 76,329 294,001 4,152 2,380 4,202 3.884 (3,000) 77,213 294,001 3,865 2287 5,255 1,381 1287) (593) {1.447) 570 {1,250) 500 2,500 1,250 384,375 (373) 384,002 Restricted funds Audio Visual Improvements Property Fund Badminton Club Fund The Guild fund Lllnch Club Fund Mens Association Fund St Pauls Church Choir St Pauls Church Society Restoration in Faith FabrEc Appeal Ovetseas Mission Fulld- Japan Noah's Ark Group Fund Coffee Fellowship Fund Garden Fund Kirk Session Benevolent Fund Breakaway- Dementia Group Travelling Fd 12,500 300,000 922 5,268 702 1,544 144 494 177,913 1,847 556 69 61 5,859 799 142 1.000 311,000 (184) (168) (182) (147) 45 (113) 95,457 860 583 1.722 (27) (250) (90) 13,500 611,000 738 5,100 520 1.397 189 381 273,370 2,707 1,139 1,791 34 5,609 709 142 508 820 409 506 918 326 TOTAL FUNDS 893 195 409 133 1302,328 Page 17 continued...
St Paul's Parish Church Mi]n avie Notes to the Financial Statements- ci)ntinued for the Year Eoded 31 Decembei. 2024 18. MOVEMENT IN FUP4DS- Continiied Comparative net movement ill funds, inch]ded in the above are as follows.. Incoming resources Resources expended Gains and losses Movement in fvnds Unrestrleted funds General Fund Youth Activities Fund Harvest Flowers Stewardship & Outreach Sunday Club Fund Home Mission Fund Overseas Missioll Fund 196,370 90 1,030 (199.065) (377) {1.6231 (1.447) {1,365) (1,250) 1,250 6,579 3,884 (287) (593) (1,447) 570 (1,250) 1,935 199,425 Restrlcted funds Audio Visual Jrnprovetnents Pi'operty Fwid Badminton Club Fund The Guild Fund Lunch Club Fund Mens Association Fund St Pauls Churth Choir St Pauls Church Society Restoration FaÉth Fabric Appeal Overseas Mission Fund- Japan Noah's Ark Group Fund Coffee Fellowship Fund Garden Fund Kirk Session Benevolent Fund Breakaway- Dementia Group (206.377) 6,579 (3731 1,000 311,000 275 7,424 5,248 1,763 207 969 134,782 3,760 1,165 1,722 1,000 311,000 {184) (1681 (182) 1147) 45 (113) 95,457 860 583 1,722 (27) {250) 90) 1459) (7,592) (5,430) (1,910) (162) {1,082) {44,3731 12,900) (582) 5,048 (27) (250) 860 470 175 65,717) 409 506 TOTAL FUNDS 669 600 272,094> 409 133 Page 18 continued...
St aul's Parish Chur¢h Miln avie Notes to the Financial Statements - con for the Year Ended 31 December 2024 rtued 18. MOVEMENT IN Fuf4DS- eonÉlnued Purpose of Restrieted Fund$ 'Restoration in Faith, Appeal Income contributed by members, is used for stonework restoration and majur fabric repalls plus lated costs and restricted for these purposes. Income r&ised by and used by mernbers for n]nning the club. IDcome is raised by members and its use is restricted for purposes decided by the members. Incotne resiricted by dottors for eases of hardship and recipients, needs are presented to the Session to rnake judgen]ents on awards. In¢ome llsed for the nmning of the club as a Community-orienlated facility. Income raised by metnbers and used for restrictrd putyoses which they decide. Income restricted by donors to be used to support Missionary partner Loma Ferguson in Japan. Has no income aDd represents the nominal value of the manse. Ill¢0e restricted by donors lo help the youth of th¢ church attend confeiences and help with expense5 if they do Yoluntary work overseas. Income mainly fro]n 5ubscriptiolls and used for materials and refreshments for the benefit of the children. Income from donations received after Morning Worship and disbursed at dEscretion of the Minister. Income from donations specifically for the Church Garden. tJcome from donations or grants specifically for the use of the BreakAway group. ttLcome from ]llembern of Choir used for materials and for the bellefil of the choir. Income from donations frotn members of Society alld used to enhance the Sanctuary of St. Paul's or for special occasions or visits to places of interest. Created from an anonyinous donation and Gift aid to improve the Audio and Video syst£s in the 8ctuary. Badlt0Th The Guild Fund Kirk Session Benevolent Fund Lunch Club Fund Men's A5soeiation Fund Oversefi5 Mission (Jap8D) Property Fund Travelling Irund Noah's Ark Fund Coffee Fellowship Fund Church Garden Fllnd BreakAway Group Fund St Paul's Chureh Choir Fund St. Pa1,5 Church Society AN Improvement Fund Purpose of Deslgnated Funds General Reserye Fund Finauced from lega¢ie5 rtteived or other ut]restrict¢d sources and can be used to meet wibudgeted GeneFal Expenditur¢. Ks fjnanced from the General Fund and monies ¢ontributed by the children are sent to Christian charities of their Choice. Financed in fjrst in$tance from Investment tncolne attd used to support all Youth Activities and events for the youth in the ¢hurGb. Financed in fjrst instance from Investment Lncome and used to purchase flowers and posies for Sanctw and members of congregatiot) ai Harvest Time. Financed in ftrst inslance from Inyesttttent Income and ll5ed to pUhSe cards for distribution to Parish. Also used to pay for outreach projects. Financcd from tnvestment Incom¢ and used to support FIome Mission and Projects in the UK that are of benefit to selected arw. Financed from Investnlent Illcome to be used to support Overseas Mission and projects. Sunday Clvb Fund Youth Activitles FuThd HArvest Flower Fund Stewardship and Outreach FuThd Home Misslon Fund Over5eAS Mysslon Fund Page 19 ontinued...
St P4111's Parish ChutGli Miin avi¢ Notes to the Financial Statcm¢nts- continued for the Year Ended 31 December 2024 18. MOVEMENT IN FUNDS- eontinued Tr¥n5fers betiveen funds General Fund Transfers Donation from Noah's Ark Group DonatiL)n froni Beakaway DellL¢ntia Group Donation from Men's Ass0¢iation Donation lo Stewardship & Outreach Fllnd 300 900 250 Total General Fund Transfers Pbrie fiund TrAn5fer5 R¢plac¥Jllent ofboiler, kitchen dnd sound system in Church paicl by Fabric Fund bul agreed to use Reserve r'uTrds for Ilie5e stgiiificaot repair w02ks Tolgl Fabric Fund Transfers 19. RELATED PARTY DISCLOSURES Th¢r¢ were no relat¢d paty transactions for the year ended 31 December 2024. COLLECTIONS FOR THIRD PARTIES 20. 2024 2023 DBC Middl¢ East App¢al (Special Colle¢tion) B¢atson W¢st of Scotldiid Cdncer Centre (Funeral Collection) St Maare19 Hnspice (funeral Collectiolll Christian Aid l.unLh Collection) (Rctiral Colle¢tion) 488.00 1206.50 1,000.00 751.20 1,870.00 597.00 481.75 1,600.00 1,600.00 1,600.00 978.73 Music in Hospital (C.hoir Coffee Morning) CHAS- Robin House Children's Hospice (Tree Festival) Gld5gow City Mission (Tree Festival) Funding Neuro (Tree Fesuval) Daknuir Ilarclay Panty (Men's Asso¢iation Coffee Morning) Donations in 2023 6 693.80 12 173.18 6 693.80 Page 20