Possilpark Parish Church of Scotland, Glasgow Receipts and Payments Accounts for the year ended 31 December 2024 congregat11 No: 160990 Charfty No: SC003241
Pos$llpark Parlsh Church of Scotland, Glasgow Rofèren¢• and Administrative InfOrntiOn Charity Nama". Chartty Registratton Number: Congre8atlon Reference Number: Contact Address Possllpark P¥lsh of Scotland. Gla$8ow SC003241 124 Saracen Street Glas8OW G22 SAP Truite Klrk S•Mlon Membe All are a150 members of the regatIonal 8oard ConBfe8•tiol 8oard Memb•rn dwlng 2024. Prlndpal Offic*bearers Interim Moderator session aerlL" Church Treasurer. Independent Examlner Banker&' Royal Bank of Scotland Ishopbr7w Brnnth 129 Kirklnt1llh Road 61a5gow. G64 2 LR Page I
Poss11pa Parlsh Church of Scotland, Glasgow Trustees. Annual Report for the year ended 31 December 2024 Structure. Governance and Management Govern1 Document The Church is adminirtered in accordance with the terms of the Model Deed of Constitution. Recrultrnent and Appolntment of Triiste Members of the Klrk Sesslon and the Congregatlonal Oaard the tharlty trnstees. The Klrk Sesslon members are the elders of the chufch and are chosen from those members of the church who are consided to have the appropriate gffts and skllls. The minlster, who is a member of the Klrk Sesslon, Is elected by the con8regation and irhlucted by Presbytffji. The Congrè8atFonal Board ¢cIlsts of the mlnlster, all the elders and a number of members, who are b•li•v¢d to have the skllls and commltmeftt to tontribute to the mana8ement affalrs of the Church. elerted at the Stated Annual Meetlng of the Con8regatlon. The number $0 elected is dedded by the Congregatlon, but must not exceed the number of elders at the date of the electlon. They serve for MamuM period of three years after whlth they are ellglble for re4ectlon at the ne>X Stated Annu41 Meeting. Orlanlsational Structure The Klrk Session, whl¢h meets nlne ¥mes • ye•r, Is responslble for splritual aff•lrs wlthln the churth. The Con8regatlonal Bolrd whl¢h1s re5pon51ble for the temporal •ffalr5 of the ¢hurrh15 thalTed by the mlnister and also meets nlne tlmes in a year. Certaln responslbllltles are deleiated to the Flnance Committee and the Property Committee as approprlate. Oblertlves and Actlvltles The Church of Scotland 15 Ttlnltari4n in doctrine. Reformed In tradltfon and Presbyterlan In pOIv. It exlst5 to glorffy God and to work for the advancwnent of Chrlsvs KTrnK6Jm thfOU8hout the world. As natlonal Churth. f¢ acknowledges a dlstlnthve ull and duty to bring the ordlnances of rell8lon to the people In every parish of SCoar through a territorial ministry. It cowrates with other thurches In varlous ecumenlcal bodies In ScotlarKI and be>x)nd. We are a ctntre ol worship and teaching in the midst of one of the most deprived parlshes in the ountry and hold worshlp servkes every Sunday with Bible Study durlng the week There are groups caterln8 for the needs of the members of the Gongregation 5uth as Sunday school, Bible Study Groups, Pastoral Care Group, Magazlne Athisers. Social Actiwties Team, GK Experience for Youth Outreach, Monday Manoeuvre5.Recycled Teenagers. Hobbies aub. Keppoch Campus Learnin8 hubs, Good 35 New Shop and Friday Flll-UP for free meals wlth a Community chest collertlng food ft)r desknlute people refLYred by the rnedical ntre across the road. Page 2
Possllparf( Parfsh Church of Scotland, Glasgow Trustees. Annual Report for the year ended 31 December 2024 The Congregation also acts as host for a number of tharitable organisations- Alcohollc knonymou5, four Cocalne Anonymous 8roups one of whlch Is Iranlan. Iwo Narcotics groups, a Rape Crfsls Drop in 5eNce, North West Recovery Communlties Cafe, See the Person for adults with learning needs. Hospitals and Institutions Committee, Kinship Carers and Arthrrtus Care. This year we opened our doors to the Sroups from the Community Centre when it was without heating. We participated in community projects such as Possil loves airlstmas, Sharlng Cowlalrs and pretty pathways to Sthogl. Also, on Sundays the Assembty of God and the Ll8hthouse Church. both Pentecostal con8regatlons meet for thelr worshlp. Once a year the Cowcaddens Dlstrict hold theSr Di¥ine SeNce in our premlses. We a150 have tofflmerdal lets, whlch are Slimmin8 Wodd, the Constttuency Labour Party and the Counclllor's Surgery. Athverents Md P•rfomianc• Our con8regatfon contlnues to stsnd fimi, bearln8 wltnes5 to the love of G¢)d and the misslon of the Church of Scotland In Possilpark, as we offer a safe and wekomlro space for whosoever. We are 8rowlng both In numbers and Chrlstian maturtty. and ¢wr Klrk Se55ion Is wothn8 hard to di5cem how best we might serve our wider community. The reputatlon of the church Is enhanced by the level of wmmitment to exwesslng the love of God In OUrMmunity Flnandal Revlew Althou8h total rec•lpts have Incr•ased by approxlmately £2.000 . Ell536 had to be drnwn down from the General Trustees to help fund new Radiators and toilets. DOnaOn$ have also $18nlflcantly reduced due to an anonymous donatton of £12,IXiO receiveAI in 2023. The accoutts show an increase In expendlture of over £7.000. due to increases In He•t and Ilght of £4,500 and cleaThn8 of É2,500. Reserves Pollcy Over the part few years thère have ben Insuffldènt fun& ralsed to m•èt non proprty costs Thls year £11,536 was drawn down from The General Trustees to fund the fabrlc costs which were £19.122 Usuolly* fundin8 of fabric cosis 15 very much dependent on the investments held and the Trustees believe it Is prudent to contlnue to retaln ttr lor thTS Ixirpose. At the end of the year our Ger)eral Fund balance stood at £15,806. The churth has no restricted or endowment funds at the present tlme. Statement of Trustees. Responslbllftles Page 3
Possllparf( Parlsh Church of Scotland, Glasgow Trustees, Annual Report lor the year ended 31 December 2024 The Trustees must prepare financial statements which g? sufficient detail to enable an apprecrdtion of the transactions of the Church during the finanaal year. The TNstee5 are respcnslble for keeplng proper accountln8 record5 which, on requ rnust reflert the financial position of the Church at that time. This must be done to ensure that the finani?al stéments ¢ornpty with the Charities and Trustee Investmenr (Scotlandl kt 2005, th@ Ch3rlttés Accounts Iscodandl llegulall.ons 2006 las amèndod) and the Rè8ulafjon5 Anent Con8regatk)nal FlnancÈ approved by th GènÈral Assemb of thÉ churth ts Scotland In 2016. They are also responslble for safeguardln8 the assets Dt the thurch and must tske re350n3ble steps for the PrevenoTr 3nd/or detectton of fraud and (rther irr4u13rttios. Approved by the Tru5tee5 on 2110812025 and signed onthelr behalf by. Page 4
Possllpark Parlsh Church of Scotland, Glasgow SCCK13241 Independent Examlnerf5 Report to the Trustees of Possilpark Parish Church of Scotlan¢ I report on the accounts of the charltyforthe year endec 31 December 2024 vjhlch arè set out on pages 5 to 9. Rosp4cIl responslbllld•s ol trust •nd ex•mlnr The ¢harlty'5 tffustee$ ar• Y•sponslbl• for th• prep•r•tlon of the xcounts In accOrdare wlth the terms of the Chrities and Trustee Investment Iscotland) Ad 2D05 and the Charities Accounts {Scotlandl Re8ulattons 2006 las amended). The chaflty trusteeg eonslder thèt the audlt fequirement of Regulation Iolllldl of the Accounts Regulations does not apply. It ¢5 my responsiblllty to exanlne the accounts as r8qulred under sectfon 441lllcl ofthe Act and to stste whether partlcular matters have come to my attentlon. B16 ol Inde•endent ex•ffllnerfsstJtem•nt An examinatton Is carrled out In accordance with Regulatlon 11 of the Charltfes Actounts (Scotlandl Rtyulaon$ 2006 (as amended). An examln•t(on indudes a revlew of the ¥rnn8 records kept bv the charlty and a comparison of the accounts pre5eited wrth those records, It also Includes constderatton of any unusual Items Dr d15cIosure5 w the accounts, and seeks explanatlons from the trustees concerning any Such marters. The procedures undertaken do not provlde all the e¥ldence that would be requlrd In an audtt. and consequentty I do not express an audtt oplnlon on the vlew glven by the accourrts. IndependLt •x•nln•rfs statenmnt In the course of my examination. no matter has come to my •ttenUon [other thon dlsclosed below J whlch elves me reasonable cause to believe that in any materfal respertthe requirements: rd•to keep accountlng rLYwd5 In accordance wlth Sethon 44 111141 of the 2005 Act and Regulatlon 4 ofthe 20ffi Accounts Regulatlon5 (a5 arnendedl, and •to prepare accaunts which accord wlth thè ctthnttn8 fec4)rds and comply wlth Ro8ulatlon 9 of the 2006 Accounts Regulatlons {•$ amendedl have not been rnet. or 2. tc whlch, in my oplnlon, atténtlon should bè drawn in ord•r to •nae a prop•r und•rstsndln8 of the ar£ounts to be reached. Date.. LOLJ Pa8e 4
Possllpark Parlsh Church of Scotland. Glasgow Receipts and Payments Account for the year ended 31 December 2024 Funds Funds 2024 Funds Total 2024 Totsl 2023 Note Recelpts Donatlons Legacies Actlvltfes for Generatlng Funds Bank & Oeposit Interest Investment Income Rental of Premlse5 Lottery award -¢ontrlb to heatf Drawn from Investment Managers Drawn from General Trurtees Other Receipts 23,464 23,464 31,985 6,288 6,288 4,954 12,394 12.394 14.326 1,040 11,536 981 11,536 981 351 54,662 54,662 52,657 Assets and Investmènts Sale of fixed assets Sale of InstMentS Total ReIPts 54,662 54,662 52,657 Payments Cort of Generatln8 Funds Charitable Artivities Governan Costs 169 S474 275 169 54.874 275 186 47,248 235 55,318 55,318 47,670 A5set5 & Investments Totsl Piyments 55,318 55,318 47,670 Excess ol (ptyments) over Recelpis for the year before transfvrs Transfer5 16561 16561 4,987 Excess of Ipaymertts) over R•c4lpts 16561 {6561 4,987 Page 5
Possilpark Parlsh Church of Scotland, Glasgow ststement of Balances At 31 December 2024 Unrethed Rtstrftted Endowment Funds Funds 2024 2024 Total 2023 2024 2024 Bank and Dep[t Balanr*s Bank and deposit balance5 brought forward 16,463 16,463 11,475 Mov¢rn•nt kn ywr. Exce55 of Aecelpts over Payments 16561 {6561 4,987 Bank and depo51t balance5 carried fonvard 15,806 16,463 Inv•stm•nts at m•fk•t v•lu• Icost . £73.1851 75,074 75,074 73.130 Glft Ald Racélvable Llabllltl•s Glvlna to Grow The 4¢count5 were approved bythe Trustees on 2110812025 wnd 5¥ned on their behalf by: Pa8e 6
Possilpark Parfsh Church of Scothnd, Glasgow Notes fomiing part of the aOUnts for the year ended 31 December 2024 l Bisls of AcntIng These accounts have betn prepared on the Recelpts & Payments basis in accordance with the Chèritie5 and Trustee Investment Iscotlandl Art 2CQ5, The ChaTltles Accounts IS¢otlandl Re8u14tlons 2006 las arnondtdl and the Regulations anent CreallonaI Finance approved by the General Assembly of the Church of Scotland in 2016. 2 Movernent In Funds Atljaft 2024 ReIpts Pwn•hts Trmsler6 At31D• 2024 Dl&nated Fabrlc Fund Genernl Fund 16.463 54.662 155.3181 15,806 16.463 155.3181 15.806 Non• None 16,463 54.662 155,3181 15,806 PurpN• ol Fund• Fobric Fund- Deals whh fimds •sld• by th•Trust••s for thè m•lftt•n•nc• of th• Church prop•rty Generol Fund- Doa15 whh the day to day runnln8 of the Churth 3 Arta$ ol Donattons Fun Funds 2024 Tot•1 Tot•1 2024 WFO Stheme ffton Glft Ald Gift Aid Donations Tax Recovered on Gift Ald Donk Ordinary Offerings Iopen platel Contributions from Organisations other Offerir85. Donations. etc 16.318 16,318 12,987 L627 4.997 522 1.627 4.997 522 3.356 12574 23.4164 23.464 31,985 Pa8e 7
Possllpark Parlsh Church of Scotland. Glasgow fomiing part of the accounts for the year ended 31 00mb•r 2024 4 AntyS ol P•yrnw Funds 2024 Funds 2024 Funds Tot•1 Tul•l 2023 CtMt oJ6eMroth9fv Investment Managerfs Fees Offerlng envelopes 169 169 186 169 169 186 Givlng to Growl M&M allo¢atlon Presbytery Dues Mlnlst•r's Trwd exps Water rates Pulplt Supply Otr Sal•ry Costs Fabric repairs Church Fabric replr5 M4n5è Equipm•nt Musk Heat and Illht Insurnce aeanlng and Hy8lene Prlntln& Stadon•ry & Port41• Telephone and Intemet Other expens•s 783 215 64 548 4.830 4,830 4.360 6,520 19.164 19.122 19.122 3,525 1,121 5.954 10.453 1,233 5.562 10.453 L233 5.562 196 1.188 590 3.114 267 1.227 653 1,188 590 54.874 54.874 47,248 Independent Ex•mlner's Fee 27S 275 235 Purchase of Investments Purchase of Flxed Assets Total 55.318 55.318 47.670 5 TTUStee Remuneridon WHI Rel•ted P•rty Tr•ns•cdo Dudng the year one truslee was employed •$ deaner and recel¥ed £3540. No trustee or person related to a tyu&ee had any personal Intefesi kn any contrart or transactlon entered Into bv the charlty durfni ihe year. Page 8
Possllpark Parlsh Church of Scotland. Glasgow Notes fomiing part of the a¢¢ounts for the year ended 31 Decambor 2024 6 Mlnlster's Stlwnd All Church of Scotland con8re8ations tantribute to the National Stipend Fund thch bears the costs of a mlnlsters, pendS and employer's contributTons for national insurance, pension and housing and loan fund. Stipends are paid in •ttordance with the national stipend scale, which is related to years of service. For the year under review, the minirnum sdpend was £31.642 and the maximum stipend (ln the lifth and subsequent years) was £38.884. 7 Invstm•nts M•rket ¥•? •t 6•knllLoss) on M•rket Value •t 31 Dec 2024 Invest Wkhdr•wn Rmlu•tlon X)24 Funds M•n•oed by R•thbones 73,130 75.074 73.130 75.074 H•kl IN r•sp•ct ot. Unrnstri(ted Funds DeslKnated Fabrlt Fund 73,130 75,074 Althou8h deslgnated lor fabrlc. the In¥estments can be used for general purposes If requlred. Olspomltlon of In¥estmnts: 2D24 2023 UK Flxed Income over15 Fixed Inc¢Nn UK Equltles Overseas Equlties Property Alternatt¥e Assets Cash 4,011 4.178 9.614 11.459 27,081 3,207 S,989 11,602 11,784 28,362 3,178 5,973 12,222 75,074 73.130 Unll June 2024 the portfollo wa8 managed by Investec. Rathbones has now takert over In¥Mtec, and the Investec Platform waslran5ferred to the new Rathbones one. Coll¢cll¢)ns lor Thlrd Partles 20 2023 Christt•n Ald 570 570 Page 9
Possllparf( Parlsh Church of Scotland, Glasgow Year ended 31 December 2024 Appendix FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAND GENERAL TRusfEES 2024 2023 CAPITAL Accoumr Credit Balance5 held at 31 December at cost 394.309 394,309 Market Value 406,575 404,746 TEMPORARY FUNDS Credlt Balan¢e at 31 December REVENUE ACCOUNT Credlt Balance at 31 Decemb 10,066 3,695 Page 10