Broom Parish Church of Scotland Congregational Accounts Year Ended 31 December 2024 Congregation No: 160842 Scottish Charity No: SC003290
Broom Parish Church of Scotland Trustees. Report & Congregational Accounts Year ended 31 December 2024 The Trustees present their annual report and financial statements of the charity for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in pages 15 and 16 of the accounts and comply with the General Assembly Regulations for Congregational Finance, the Charities and Trustee Investment (Scotlandl Act 2005. the Charities Accounts (Scotlandl Regulations 2006 las amendedl and Accounting and Rèporting 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 effective from I January 2019. Objectives and Activities The Church of Scoiland is Trinitèrian in doctrine. refomied in tradition and Presbyterian in policy. It exists to glorify God and to work for the advancement of Christ'5 Kingdom throughout the world. As a national Church, it acknowledges a distinrtive call and duty to bring the ordinances of religion to the people in every parish of Scotland through a tÈrritorial ministry. It Co-operate5 Wlth other Churches in various ecumenical bodies in Scotland and beyond. Ser¥lces of Worship and Sunday Club Breakfast Broom Parish Church has services of worship every Sunday at 10.00am followed by a Coffee Break. Communion Services are held three times a year. February, June and Ortober. Our Sunday SeNices 3re live-streamed tD enable those unable to attend in person to participate in worship. This has proved meaningful and helpful and is much appreciated by those unable to attend in person. It is also helpful for those who wish to recall the Service at their leisure. There are additional mid-week Services on Wednesdays from the beginning of January through to Easter and again from October to just before Christmas. These Services are well attended and are held in the Church followed by tea/coffee in the Columba Hall. We have a rota of Readers who contribute regularly in reading lessons. We have a team of three to operate sound. lighting and live-stream eath week. There is a welcoming team of Elders and other members who also uplift the offering. Holy Communion is periodically shared with those in local tare homes, hospitals and as requested in their own homes for those members of the congreiation who are unable to attend service5 in the Church. The Choir contr.nues to contribute to the worship each week, under the leadership of with a growing repertoire of material. We have welcomed additional members. An Intruit 15 sung tit the start of most Services and anthems are sung fqUentlY in addition to special occasions such as Communion, Easter. Christmas and Remembrance Services. The Choir also organi5es and leads a Service of Lessons and Carols on the Sunday before Christmas. Other Services include the Christingle mid-week Setvice prior to Christmas. This is enthusiastically led in the main by our young people and has proved and continues to be a major Service in our church calendar. It 15 heartening to share with our young people and many families in our community. We were especially grateful again thi5 year to have KC Communtty Choir join with us swelling the numbers greatly. The Community Choir prathses each week at Broom. We were happy to have received manv compliments about our Christingle. particularly since it was an entirely new experience for many. We now have a 'tradition' of enjoying a wonderful buffet 3ftenMards which create5 a tremendous sense of community. The Minister has had the privilege of speaking with people who have no church connectron and in some cases have never been in the church who were qutte amazed at how much they enjoyed the experience. a sense of unexperted and genuine enjoyment. Towards Easter we usually have a similar event, the Easteringle Service. telling the Easter story. This is also led by our young people and is followed by a buffet supper.
Broom Parish Church of Scotland Trustees, Report & Congregational Accounts Year ended 31 December 2024 In respect of young people in the Church, there is an obvious need for a specific ministry in working with young people. It is unsatisfartory to think that we can simply do as we have done in past years with a variety of volunteers seeking to 'cont3in' our younE people of varying ages and stages. There are many ministries within the wider church and with the inevitable changes we will be faced with we shoul(1 consider collaboration in young people's ministry. It is clearly not a role to be filled in an ad hoc voluntary capacity parkncularly within an ageing congregation. The current Sunday Club has now developed into a regular monthly Breakfast gathering. This has proved a most enjoyable, positive and practic31 developmerbt a5 It accommodates young kmilies more conveniently than the regular'sunday School type, service. Everyone is welcome to join in the Service following breakfast. The earlier part of the Service is specifically aimed at young families. Currently there are 30 family contscts on our Sunday Club Wh3tsApp group. We keep each other up to date on what's happening. It is the Ministerfs intention to include some of ouryoung families in the planning of Services in future. It is important for us all to consider differer)t styles of worship and not be confined or restricted. Our worship should be suitablè for all ages and there are exciting possibilities for us as we journey through the year. The Min15ter is seeking to recruit someone in the congregation to undortake the Leading Worship Course. This is a course run by the University of Glasgow with accreditation. The Minister has indicated his retirement by the end of August 2025. It is hoped this year that we might have joint ServIs during Holy Week with Williamwood Parish Church. this is yet to be confirmed. Newton Mearn5 and Eaglesham Churches Cluster Despite several meetings during 2024 there continued to be little progress in agreein8 a Mission Plan forthe area. Some changes announced will have an impact however. with four out of the five churches in the Cluster being vacant by the end of August 2025. At the start of the New Year there is a much more positive conSideratn whith involves leaving our current cluster and forming a new cluster and a possible linkage with Williamwood Parish Church. The degree of enthusiasm and positivitysurrounding this initiative contrasts sharply with what has up until now been the case. We look forward to moving on together and we will keep the congregation informed of our progress. Use of Halls We are proud of the part we play in providing faciltties for and support to the parish and the wider community with people of all ages and faiths benefiting from Broom'5 excellent facilities. 2024 once again saw an increase in hall usage. As well ès the orE3nisations who meet dailylweekly/monthly in our halls, again we have welcomed Mearns Costle High School who held their Graduation Ceremony in the Churth and local Nursery Groups who have used the Columba Hall and Sanctuary for graduations, parties and special events throughout the year. We were happy in 2024 to see an increase in the use of our halls by U3A for the various clubs and artivities they offer. In November we welcomed the local Co-op Foodstores. represer)tatives {Pioneersl who held an Open Day forthe community. The increased demand for use of our ha115 at certain times of the day is greater than what we can sometimes accommodate, but we always strive where possible to offer alternative days and times that may be suitable. We enjoy a close working relationship with all our hall users which enables us
Broom Parish Church of Scotland Trustees, Report & Congregational Accounts Year ended 31 December 2024 at times, with their co-operation, to accommodate extra one-off Ex)okings and event5 which benefit the community. The popularity of our halls is reflected in a hall rental incomethisyear of over £60,000 which exceeded the annual forecasted budget. Many people make hall booking5 by coming into the office and this occasionally enables the Minister to come into contsct with them and introduce himself. Personal contact with people has resulted in newcomers to the area attending some of our ServIS and artivities. Some have come from other areas with a church connertion. The use of our premises by the wider community is greatly appreciated. particularly as there is no other comparable fatility in the area. The level of hall use we have at Broom requires demanding and time<onsuming administration and practical preparation before, between and after events. We are indebted to our staff and volunteers who make it Possible to accommodate the high demand. Achievements and Performan Fundraising and Community Events Summer Family Fun Doy Broom Church community enjoyed a fabulous afternoon of outdoor fun with around 3CKJ people attending. Fun artivities included games. a bouncy castle. and a super-size slide. We also had our ever- popu13rTea Room, with lots of sweet treats & home baking. Burgers and ice cream were a150 available. We extend a big thank-you uddon Construction for their generous sponsorship of the event. We were fortunate to have so many volunteers to help with the various event5, including- And finally a big thank-you to everyone who attended and supported the event. Christm05 2024 Once again Broom Church was at the heart of the local community, hosting events in the run up to Christmas 2024. The first event was the Christmas Lights switch on. We had new lights this year and the event was 3 huge success with over 200 attending what has now become an annual event in our busy festive calenda ur fabulous catering team provided drinks and refreshments for all. Everyone wa5 given a glows¥ick before the big countdown to the switch on at 5pm. The second event was Breakfast with Santa. Breakfast was a sold-out 5ucce55 Wlth over 120 member5 attènded a fabulous cooked breakfast and met Santa. A special thanks to ur breakfast chefs and our fabulous events team who hosted our uests for breakfast and a551Sted Santa on his arrival with gifts for all the children. Huge thanks also to for stepping into Santa's boots at the last minute and being a fabulous Sants.
Broom Parish Church of Scotland Trustees, Report & Congregational Accounts Year ended 31 December 2024 Then it wa5 off to the Christmas Fair with festive fun for all at the numerous stalls in the Columba Hall and lona Hall Tearoom. A huge thanks to all who hosted and donated atthe event. Ourfabulotjs festive te3 room was enjoyed by all and a big thanks again to the catering team for all their hard work on the day. Finèlly came our Christingle Service which was another hugely enjoyable evening for all. The Church was packed and we were taken on a fabulous musical journey through the Christingle Story with many of our young families telling different parts of it. The young members of our church gave out 150 Christingles to all children in the church and we were also entertained with fabulous festive songs by amazing Community Choir. Following the SeNice refreshment5 and a buffet was served in the Columba Hall and once again many thanks to and the tatering team for a fabulous festive buffet enjoyed by all. These events do not happen by themsefves and there is a great team of willing helpers at Broom, and in particular.. In addition we are Indèbteo to busine£ses in our conimunit¥ for thcir support ol our Chri5tma5 events. Nicol Estate Agents for their enerous sponsorship of our Christmas Lignts switch on event. Asda Newton Mearns land heir community champion) for continued support and generous sponsorship of our Brea obt with Santa event. Between our Summer Family Fun Day and the various Christmas events we raised over £2.500 for Church Funds. In addition and once again we succeeded in supporting and welcoming our community through the doors of Broom Church. The dates for 2025 are already in the diary for another exciting programme of events throughout the year with further details to follow. Mission and Outreach Over the last year we have continued to successfully maintain links with those within our own community and those further afield. The Mtende Charity. run by Fiona Gunning, continues to be a focal point, which members of our congregation actively supported. An aftemoon tea was held on 14, August which made more than £2,000, and a stall at the Chri5trTras Fayre made £110. In both cases thanks Broom Church tor the use of their facilwiies. In addition, monies from the loose change collections continued to benefft the Ekwendeni community. The Church of Scotland Stamp Appeal. which Broom Church is very much involved with. helped those in need further afield and therefore is as important as ever to continue.
Broom Parish Church of Scotland Trustees, Report & Congregational Accounts Year ended 31 December 2024 Chrittian Aid week. which is actively supported by Broom Church, and the decision to distribute envelopes with the tommunion cards proved to be a good idea as a significant amount was raised. The Shoebox appeal in November was another DptK)rtunity to help those in need and many of the congregation rose to the challenge by filling a shoebox with much needed ttems. The flower coordinator and her team continued to ensure that flowers were distributed to those members of the congregation who were unable to attend services or celebrating a special event. As mentioned above towards the end of the year Broom hosted several Christmas events. All these events brought families, local residents and those who use our halls on a weekly basis to Broom, thereby helping us to meet our Outreach aims and objertives. Going forward any idea5 for fLrture Outreach events will be most welcome Pastoral Care The Pastoral Care Committee endeavour to maintain contatt with those members who are no longer able to attend Church. It Is so important to let people know we are thinking of them, even although we don't see them any more at Church Servi. Over 40 plants were distributed to members of the congregation this Christmas and we are grateful to the many members of the Cong£Stion who helped with the deliveries. At present there are eleven members on the Pastoral ca CommKttee. We encourage Elders to share news of anyone in their District who may need either a visit from the Minister or one of the Committee owing to illness. being incapacitated or bereavement. If anyone in the Congregation knows of anyone who would benefit from a Pastoral Visit then please inform the Church Office and we can take it from there. Fabric Report Fabric spend in 2024 has been restricted by Presbytery for essential maintenance only and likely to be similar in 2025 until the Presbytery Plan is agreed. Budgeted spend for outside decoration has been approved however we are continuing to source companies who are interested in quoting forthe work which has been challenging. Expenditure in 2024 ha5 been to ensure that our buildings remain wind & watertight. with additional spend on improving our energy consumption as well as security & safety. We have had issues around small leaks in the Ninian Hall roofingwhich we believe were down to leakage around the bolts securing the roofing panels. All bolts and the sealing grommets have now been replaced with additional patch repairs to the gully which appears to have resofved the issues. Early in the year our church was surveyed by a Church of Scotland Architect as well as a Church of Scotland instigated"Better Heating Scheme~ Survey. We have actioned some of the recommendations to improve our safety & energy efficiency. particularly with the increasing cost of energy over the last couple of years. A new"Hive" heating control unit has been installed in the Columba Hall whith allows for better control of the temperature within the hall, increased flexibility for programming as well the ability to remotely control the heating. It has also given some data on the heating-up time of the hall. We have replac-d the lights in the lona & ColiJmba halls with LED panels which reduce the lighting power consumption by around 70%, plus improving the light spread and aesthetics in the halls. Security has been a concern across our properties especially after the tragic incident at Southport. We have installed push exit bars on both doors in the vestibule. 3 latch lock on the kitchen door in the
Broom Parish Church of Scotland Trustees, Report & Congregational Accounts Year ended 31 December 2024 Columba Hall with further push bars planned to both improve security & ability to safely evacuate our buildings. Mactaggart & Mickel patched our Car park as part of the agreement on their usage over 2022123. Unfortunately, with the high usage of the car park. we are aladY seeing new damage which will need to be addressed in 2025. Other items that we should be considering is insulation in the Columba Hall (currently there is virtually no insulation and on colder days we strugglè to get the hall up to reasonable temperatures), improved securty along with tontrolled access to our halls, repairs to the Ninian Hall Classroom roof Iwe are seeing water ingress) and re-roofing the Columba Hall Ithe current tiles have reached the end of their life and have become porous & brittle with some water ingress). Total Fabric spend in 2024 amounted to £7.589 for the year against a budgeted spend of £25,500. however thi5 included the approved spend on outside decoration accounting for £15,440 which has not been carried out. Key spend items were the Ninian Hall Roof1£22(MJl, installation of LED lighting panels1£940I, fire escape furniture1£4451, installation of the Hive control1£4001, Annual maintenance contracts & seNices1£2,5191 with the remaining spend on general maintenance & repairs l£1,0691. Total works finishing slightly better than budget. As our buildings are ageing Sanctuary119591. Ninian Hall119421 and extension119621. Columba Hall 119671 and Manse 119401, it is anticipated that thère will be some additional unbudgeted work required as the halls are extensively utilised through lets to the community. but currently, similar to 2024, the proposal is to restrict this to essential repairs only in 2025. Financial Review The format of the Congregational Accounts complies with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ad Ireland IFRS 1021 lettertive 01 January 20191. statement of Financial Activltles The Statement of Financial Artivities on page 13 gives an ovetview of the movement in the Church Funds during the year. Total income amounted to £180,929 whilst Expenditure totalled £176,569 resulting in a surplus of £4.360 before recognising an unrealised gain on investments of £9,041. An analysis of the movement over the Restricted and Unrestricted Funds can be found in Notes I to 5 with the salient points as follows: Unrestricted Funds- Income from Offerings at £86,095 (including gift aid tax recovery of £IS,9731 showed a reduction of £6,18917%1 on last year. Thi5 reduction is a result of the sad death of some members and other members moving away from the area. and not being rep13cÈd by new member5. Hall let income at £64,985 represents a £12,210 123%) increase on last year. Rates saw an inf lationary increase with the Church premises tontinuing to see strong demand from various community groups and clubs. Expenditure of £166.658 was £11.87818%1 higher than 2023. However, it was £11,91517%1 lower than the figure budgeted for 2024. These positive an(1 negative variances are mainly due to heating and lighting costs. The Church previously benefitted from having low fixed price enew deals in place, however, the electricity price deal expired at the end of September 2023 with the gas price deal expiring at the end of March 2024. Renewal saw the unit Pri per kwh for electricity increase from c.12p to c. 29p, with the unit price forgas increasing from c.2p to c.7p per kwh. The Budget for 2024 assumed the same energy usage as 2023 at the new prIs. However, due to various actions taken including
Broom Parish Church of Scotland Trustees, Report & Congregational Accounts Year ended 31 December 2024 the installation of a Hive system in the Columba Hall. use of LED lighting, and better management of usage and thermostats. the cost of elertritity and gas used in 2024 was £3,543119%1 higher than the previous year, but £10.295131%1 lower than Budget. Remaining costs came in close to Budget. Cost of Living p3y increases were awarded to our stèff in line with the National Living Wage. Overall there was a deficwt of £2.466 following an UnalIsed gain on investments of £6,802 compared with a surplus of £1.547 last year, after an unrealised gain on investments of E5,014. Restricted Funds= Capital of £18,185 and atcumulated dividend income of £2.453 were transferred from the funds held with the General Trustees of the Chtjrch of Scotland to the Fabric Fund. This amount 3nd cash held in the Church's bank account fLSnded fabric expenditure of £7,245. The Trustees gave theirapproval for£l,334 of fabric expenditu on longterm energy saving items to be funded from the Broom Special Purposes Fund. Expenditure on community events was financed by the Community Fund, with this Fund now exhausted. The Trustees have approved that the Mrs J S McGeoch Legacy lan Unrestricted Fund) be utilised to support community èvents. As a result and as expected there was a surplus on Restricted Funds of £13,628 which increased to £15,867 after an unrealised gain on investments. Balance Sheet As at 31 December 2024 the Net Assets of the Church increased by £13,401 to £170,449. The Analysis of Net Assets is shown in Note 12, with the Movement in Funds detailed in Note 14. Fixed a55et5 are being depreciated in line with the stated accounting policy. Investments, at a market value of £104,880, are invested in the Church of Scotlar)d Investor5 Trust Icosin Gr0h Fund. The unit price of the investments was £6.38 at the year-end cornpared with £5.83 at the end of 2023. Debtors at the year-end of £7.401 are detailed in note 10. and have since been collected. Creditors at £6.238 in note 11 are in respect of the usual provision for costs expended but not paid at the year end. Funds held by the General Trustees of the Church of Scotland The market value of the investtnents at 31st December 2024 was £132,806 against a cost price of £98,185. Investment income of £2,937 is held in the Revenue Account and available to be drawn in 2025. An analysis of the investments is set out in AppendrA l on page 24. Investment PoEicy and Perfomiance The investment5 of the Church, together with the Funds held by the General Trustees of the Church of Scotland on behalf of the Church. are invested in the Growth Fund of the Church of Scotland Investors Trust I"Cosif"i and thereby obtain the benefit of professional management, continuous portfolio supervision, spread of investment risk and economies of scale. Capital invested in the Growth Fund is largely equity based and is intended for long term investment. The funds are operated on a unitised basis and aim to provide caprtal growth whilst generating income for Church purposes. COSIT has an ethical investment policy and does not invest in companies substantially involved in alcohol, tobacco. gambling or armaments. The total return was positive in 2024 IpositNe in 20231 as global market conditions remained robust. The total return for the year was 11.75%110.2% in 20231 from income distributed and capital growth.
Broom Parish Church of Scotland Trustees. Report & Congregational Accounts Year ended 31 December 2024 R5sk Management In addition to the risks associated with delivering the core objectives of the Church, risk management involves identifying the types of risk which every persort, oan1$ation, and business using or having acces5 to our Church premises could face and identifying the mÈans of mitieating them. The Trustees are aware that risk assessment Is not a one-off exercise and tarry out a review of the relevant risks on a regular basis. 2024 saw the continued return to more "normal" activities in the Church. Increasing numbers of people and organisations are using the premises, with risk mitigations refreshed to ensure compliance with all the relevant legislation e.g. health and safety. working at height, safeguarding, etc. The principal riskslchallenges facing Broom Parish Church are similar to those facing many churches at this time= A declining and ageing congregation. Consequent pressure on income for congregational purposes and fabric maintenance-it is hoped that the stewardship appeal under way in early 2025 has a positive impact on income. Difficulty in recruiting office bearers and support people with necessary skills and time availability. External economic pressures impacting on costs such as ener&y. contracL5 and payroll. Energv costs. in particular, will continue to be a major challenge to mitigate in 2025 and beyond. Impact of the Presbytery Plan on the local Churches. The Trustees are working hard to minimise the impact of these riskslchallenges and see a swift and collaborative delivery of the Presbytery Plan as key. Reserves Policy It is necessary to hold reserves in order to allow the work and witne55 of the Church to be maintained in a planned way whilst recognising that the principal sources of income, the offerings of members, cannot be guaranteed and may fluttuate from year to year. Equally other sources of income, such as fund raising and income from hall lettings are liable to fluctuation. At 31 December 2024 the Unrestricted General Fund ReseThes amounted to £52.376 representing over 3 months expenditure. Overall it is felt that a level of reserves of between 3 and 5 months is appropriate. The Church also holds £66.446 in Designated Reserves and £51,627 in Restricted Reserves that have been provided for the purpKJses specified irk Note 14. Structure. Governance and Management The congregation is a registered charity. number SC003290 and is administered in accordance with the terms of the Deed of Constitution (Unitary Forml and is subject to the Acts and Regulatsons of the General Assembly of the Church of Scotland. Members of the Kirk Session are the 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 SessTron, is elected by the congregation and inducted by Presbytery. The Kirk Session nomally meets nine times a year and is responsible for all affairs within the church under the Unitary Constitution. Responsibilities are delegated to specific committees as appropriate.
Broom Parish Church of Scotland Trustee5' Report & Congregational Accounts Year ended 31 December 2024 Reference and Administrative Information Charity No SC003290 Congregation No 160842 Trustees Movemènts frem l January 2024 to 24 March 2025 io
Broom Parish Church of Scotland Trustees, Report & Congregational Accounts Year ended 31 December 2024 Independent Examiner Bankers Virgin Money ISA The Avenue Newton Mearns Glasgow G77 6AA Martin Ait Co Ltd Chartered Accountants Caledonia HoLTrse 89 Seaward Street Glasgow G41 IHJ en Trustees, Responsibilities in Relation to the Financial Statements The charity trustees are responsible for preparing 3 trustees. annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). The lawapplicable to charities in Scotland require5the charitytrustees to preparefinancial statements for each year, which show a true and fairview of the state of affairs of the charity and of the incoming resour5 and application of resources. of the charity for that period. In preparing the financial statements. the trustees are required to select suitable accountinE policies and then apply them consistently,. observe the methods and principles in the applicable Charwties 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 accountin.g records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements Comply with the Chartties and Trustee Investment (Scotlandl Att 25 and the Charities Accounts IScotland} Regulations 2006 las amended). They are also 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 respor)sible forthe maintenance and integrityof the charity and financial information on the congregation's website. Legislation in the United Kingdom governing the pr@paration and dissemination of financial statements may differ from legislation in other jurisdictions. Approved by the Trustees and signed on their behalf. arc
Broom Parish Church of Scotland Trustees, Report & Congregational Accounts Year ended 31 December 2024 Independent Examinerfs Report to the Trustees of Broom Parish Church I report on the accounts of the charity for the year ended 31" December 2024, which are set out on pages 13 to 23. Respectlve responslbillties of trustees and examiner The chariws trustee5 are responsible forthe prepatIOn of the accounts in accordancè with the terms of the Charities and Trustee Investment15cotlandl Act 2005 and the Charities Accounts Iscotlandl Regulations 20061as amended). The charity trustees consider that the audit requirement of Regulation 10(11 lal to Icl of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44111 Icl of the Act and to state whether particular matters have come to my attention. Basis of independent examinerfs statement My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotlandl Regulations 2006 las amendedl. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented wtth those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustee5 concerning any such matters. The procedLJS 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 account5. Independent Exarninerfs Staternert In the course of my examination. no matter ha5 come to my attention= which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with Section 4411) lal of the 2005 Act and ReEu13tion 4 of the 21XJ6 Accounts Regulations las amended). and to prepare accoijnts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations las amended) have not been met. or to which, in my opinion. attention should be drawn in order to enable a proper understanding of Martin Aitken & Co Ltd Chartered Accountants Calèdonia House 89 Seaward Street Glasgow G41 IFU 24 March 2025 12
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Broom Parish Church of Scotland Trustees, Report & Congregational Accounts Year ended 31 December 2024 Balance Sheet UnrÈstrittÈd Rèstricted Funds Funds Note J)24 Total Total 2023 Flxed Assets- Tangible assets Investments Total Fixed Assets 2,110 I,880 I{kn,9) 3,233 95,839 99,072 78.9)1 8LOII 25,979 25.979 CuirentAssets Debtors Cash 3t bank and in hand 8,362 58,819 36.319 25.977 62.296 Totsl CurrentAs5ets 43.720 25.977 69.697 67.181 Liabilities Creditors falling due within one year Net Current A55ets 329 9.205 57,976 37.811 &3,459 NetAssets 118.823 Sl.626 170.449 157,048 The funds of the chartty: Restricted Funds Unrestricted Funds Total Charlty Funds 51.626 51.626 118.823 170.449 35.759 121,289 Is7,(8 118.823 I,823 51.626 The accounts were approved by the Trustee5 on 24 Marci 2025 and Signed on their behalf bv.. 14
Broom Parish Church of Scotland Trustees, Report & Congregational Accounts Year ended 31 December 2024 Accounting Poli¢ies The principal accounting policies, which have been 3pplied Consistent in thè 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 bv Charitiès= Statement of Recommended Practice applicable to CharleS preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland IFR51021 effertive from l January 2019 and the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021, the Charities and Trustee Investment Iscotlandl Att 2CK)5 and the Charities accotjnts {Scotlandl Règulations 2006 las amended). Fund accounting Funds are classified as either restricted funds or unrestrirted 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. Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objerts ot the charity. If parts of the unrestrirted funds are earmarked at the discretion of the trustees for a particular purpose, they are designated as a separate fund. Thi5 designation has an administrative purpose only and does not legally restrict the trustees. discretion to apply the fund. Going concern The Trustees consider that there are no material uncertainties about the ability of the charity to continue for the foreseeable future, and therefore has adopted the going concern basis in preparing these financial statements. Income recognition Income is recognised when the charity has entitlement to the funds. any performance conditions attached to the itemlsl of income have been met. it 15 probable that the income will be received and the amount can be measured reliably. 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. Dividends on investments are recognised once the dividend has been declared and notification has been received of the dividend due. On receipt. donated professional services and donated facilities are recoBnised on the basis of the value of the giftto the charitywhich is the amount the charitywould 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. In accordance with the Charities SORP IFR51021 the general volunteer time of congregation members is not recognised. Liabilities are recognised as expenditu as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. 15
Broom Parish Church of Scotland Tru5tees' Report & Congregational Accounts Year ended 31 December 2024 All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings. Fixed Assets The charity has the right to occupy and use for its charitable objerts certain tangible fixed assets, including the Church, halls and manse, vested in the Church of Scotland General Trustees. No consideration 15 payable for the use of these assets. 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 other fixed assets costing in excess of £1,000 having a value to the charity greater than one year. other than those acquired for specific purposes, are capitalised. Depreciation is provided on a stfaight-line basi5 to write off the cost or initial value. less residual value. of tangible fixed assets over their estimated useful lives.. Fixtures. fittings and e(Fuipment 5110 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 c05t and market value at the end of the year. Reèlised gains and10sses represent the difference between the predS on disposal and the market value at the start of the year or cost if purchased in the year. TaxatiDn Broom Parish Church is recognised as a tharity 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. Pension Costs and Post Retirement Pensions The Church operates within the National Employment Savings Trust." NEsf. Contributions are chargeable to the Statement of Financial Activities in the period to which they relate. 16
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Broom Parish Church of Scotland Trustees, Report & Congregational Accounts Year ended 31 December 2024 Notes forming part of the financial statements (Cont'd) 6 Staff costs and number5 Salaries and Wage5 32,320 31.312 Pension Costs 450 32,802 31.762 The average number of employees during the year was a5 follows: 2023 Number Number Administration Music staff Iself-employedl Premise5 maintenance No employee had employee benefits in excess of £EQ,(m121r23 nil) All Church of Scotland congregations contribute to the National Stipend Fund which bears the cost of all ministers, stipends and employer's contributions for national insurance. pension and housing and loan fund. Stipends are paid in accordance with the national stipend scale which is related to years of service. Forthe year under review, the minimum stipend was £31,642 and the maxamum stipend lin the fifth and subsequent years I was £38,884. 7 Trustee Remuneration and Related PartyTransactions During thè yearone trustee Ithe Minister) received reimbursement of expenses incurred in respect of Council Tax. travel and other expenses totalling £5,14312023 £5.3531. In addition a member of the Kith Session received £9.91812023 £8.914lfor providing Secretarial servi5 durir)g the year. With the exception of the Ministerand no trustee received any remLJneration Dr reimbursement of expenses du.'i ng the year. No trustee or person related to a trustee had any personal Inte$t in any contratt or trdnsaction entered into by the charity duringthe year. During the year a total of £21,fi)212023 £21,939) was donated to the congregation by Trustees. 19
Broom Parish Church of Scotland Trustees, Report & Congregational Accounts Year ended 31 December 2024 Notes forming part of the finanaal statements (Cont'dl 8 Tangible Fixed kssets C05t Equipment Totsl At Istjanuary 2024 Additions 17,222 18.9)2 Disposals At 31st December 2024 17,222 18,9)2 Accumulated Depreaation At Istjanvary 2024 Charge for year Eliminated on Disposals At 31st December 2024 14,381 955 15,669 L123 1,456 16,792 Net Book Value At 3tst December 2024 224 2,110 Cost At 1st january 2023 Additions 17.222 I8,2 Disposals At 31st December 2023 Accumulated Depredatlon At tstjanuary 2023 Charge for year Eliminated on Disposals At 31st December2023 17.222 18,9)2 13,426 955 1,120 14,546 L123 14.381 1,288 15,669 Net Book Value At3tst Dember2O23 2,841 392 3.233 9 Investments 2023 Market value at 1st January Purchased during the year Gain (Lossl on Revaluation Marketvalue at31st Dember 95,839 78,559 10.589 6,691 95,839 9,041 Investments at cost 69.2% 58,7( The followi ng investments are held= Church of Scotland Investors Tnjst Growth Fund 104,880 95,839 20
Broom Parish Church of Scotland Trustees, Report & Congregational Accounts Year ended 31 December 2024 Notes forming partof the financial Statements {Cont'd) 10 Dèbtors Gift Aid Tèx Refund Hall Rentals Prepayments 5.025 3.159 178 8.362 2,553 7.401 11 Creditor5 fallingdue withirh one year 2023 Accruals 6.238 6,238 9,205 9.205 12 Analysis of Net Assets Among Funds Gera1 Dèsignatèd Restricted Totsl Fixed Assets Investments Current Assets 2,110 15.5T3 2.110 I.880 69,697 16,2381 170,449 25.979 25.977 13291 5L626 3.118 Current knabilities (s.) 52,377 NetAssets at31 oeMber2o24 General Designated Reslricted Total Fixed Assets 3.2a2 14,231 52.191 18,0121 61.643 3.233 95.839 67,181 19,2051 157,048 Investments 57.868 1,718 23.740 13,212 IL1931 35,759 Current Assets Current abilItieS NètAssets at31 Dèomber2023 59.646 13 Voluntee In common with all congregations of the Churth of Scotland. the tongtegation benefit5 from the contributions made byvolunteers who give theirtime and talents willingly for the benefit of the Church. The areas of congregational life which rely on Ihe contribution of volunteers Bre many and varied and much of the artivity would be unable to continue were it not forthe commitment shown. 21
Broom Parish Church of Scotland Trustees, Report & Congregational Accounts Year ended 31 December 2024 14 Movement in Funds At tstjanuary Incoming Outgoing 2024 Resources Resour Other (see note) At 31st Dember 2024 Restricte(I funds Fabric Fund Community Fund Flower Fund 6.529 2LCXB 16,2391 12581 21.293 179 Project Fund Summer Playscheme Youth Development Broom Speual Purposes 3,693 694 3,599 io. 14.252 35,759 930 11,312 14,548 51,626 321 23,539 IL3341 19,9111 2,239 Unrestrided funds Sunday Club Fund Agnes Lawn Legacy Mrsj S Ge0ch Legacy General Fund 447 447 L238 102 fQ,891 5,1( 52,377 118.823 4,59) 61.643 1,289 416 I56.0 1166.6581 157,3 1166,6581 1.342 6.&)2 Total funds 157,(M8 I,929 1176,$691 9,041 170.449 Note: Other represents unreali5ed gain on investments. At tstjanuary Incoming (Xitgoing Other Resour Re50ur¢es (see note) At 31st Dernber Restricted funds Fabric Fund Community Fund Flower Fund Project Fund Summer Playscheme Youth DeveloptHent Broom Special Purposes 114,8131 11.2281 6.529 179 179 3.693 694 3,547 694 9,277 12.965 47,037 L714 11.6281 674 285 14,252 35.759 4.715 117.6691 1,676 Unrestrirted funds Sunday Club Fund Agnes Lawn Legacy Mrs J S McGeoch Legacy General Fund 447 49,851 4.192 65.253 150,LrJ 1154,7WI 119.741 151.313 I,78) i.lco 91 4.5 61,643 121,289 5,015 Totsl tunds 166.718 .028 1172.4491 6.691 157,Jq8 Note: Other represents unrealised gain on investments. 22
Broom Parish Church of Scotland Trustees, Report & Congregational Accounts Year ended 31 December 2024 Notesforming partof the fin1 statements Itont'dl s of Restsitted Funds Fabric Fund.. The maintenancè of the thuich properties. Community FuDd= A551Stwith the development &promotion of the church in Ehe tomtnuntty. ower Fund.. Provision of flower5 and hOrtityltu fordtsplaywithin the churth premises. Projert Fund.. Support for identifiÈd projÈttswithin and OUlththe churth. SummerPlaystheme Fund: Provision of retrÈational attivitie5forchildren of the cornmunsty duringthe surnrner. Youth DÈvÈl¢)pmÈmt Fund: Provision of speofi£ 5UPPOrtforyoungpeople in the thurrh and local community. Broom Spetial Purpose5= Alund thatthe donors have spetifi(Èlly requested are ukedtofund iterns and projects outwith the general purposes of the thurth atthe disuetion of thÈTrustee5. sesof Desi ated Funds Sundayclub Fynd: The TllreeS have set aside fundsforuse bythe Sunday Club. Agnes lawn Lem.. The Trustees have set aside these fund5,Wlththe endorsementof Lawfi'5 family, to contnbute tofundingthe employrnentcosts of afamilyyouth worker. J S McGeoth Lew. TheTrustèes have seta5ide thi5 legacyto stjpportpiomotion of the thltrth inthe local comrnunity. 15 CollertionsforThird Parties Nwnber ChristianAid Turkey Appeal Christian Aid G3za Appeal Poppy Scotland Mtende Community Proje Glasgow City Mission iodgine House Mission 492 SC039 SC014(86 263 265 SC(1)14YJ 431 71 L059 23
Broom Parish Church of Scotland Trustees, Report & Congregational Accounts Year ended 31 December 2024 APPENtxx I FUNDS HELD BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES FOR THE BENEFftOF THE CONGREGATION Con501idatedFabricFund CAPITALACCOUNT Credit Balances held at 31st Dember at cost 112.178 Market Value of Balances at 31st Dember Invested with Churth of Scotland Investors Trust Growth Fund I32.6 REVENUE ACCOUNT Crèdit Balance * 3tst December 1937 2,789 APPENDIX 2 GOODWILLFUND A Goodwill Fund is administered by the inisterfOrthe provisÈon of financial assistance to those in need within the parish. vements in the fund during the year were as follow5: 2024 Balance at Lstjanuary Funds ReIVed Funds Disbursed Balan at3tst December 229 24
Broom Parish Church of Scotland Trustees, Report & Congregational Accounts Year ended 31 December 2024 ANNUAL BUDGYEAR TO 31 DECEMBER 2025 Statementof Financial Activities Athal. 2024 Bl&t. 2025 Unrestrirted RÈ5trided Unrestricted Restrfcted Funds Funds Funds Funds Incorne: Offerings linL GiftAidl Hall Rentals 70,454 Weddirkgs & Funerdls Projett Fund- Coffees,Kirk Kafe.Caid Craft Congregational & Commtsnity Events Investment Income 1.670 550 Deposit Inctsme Drawdown from General Trustees 2l3 2.810 Endowment Income 746 Total Income 157.W) 21539 167.759 Expendittsre: Giving To Grow Contribution Presbytery Dues Ministees Expenses Staff Costs 2,tY33 32,9)2 35.914 Fabric Repai & Maintenan Council Tax & Insuran 7,245 13.355 9.224 25.350 6,118 2,2(KJ 2.21X> Heating & Lighting Mainternance of Grounds 21339 5.241 2.IrJ 2,1 Church offi Expenses Halls-CleaninglPest Control Equipment & Furnishings Technology Exps & Maintenan Depreuation Choir. Organ & Mu5icExpenses Outreach 201 L727 L123 6.(Bl 421 L750 L123 5.7(K> 57 Professional Fees LI2 i.lc Project Fund Dtsnètions Other expenses Total Expenditure Net IExpèndlturÈl Income before Movement in InvèstmÈnts 23 9.911 15.35S 19.268) 0628 6,802 2,239 Il4661 IL1381 19,9951 uNall$ed Gain on Invesiments Nei Movement in Funds IL1381 19.9351 25
Broom Parish Church of Scotland Trustees, Report & Congregational Accounts Year ended 31 December 2024 ANNUAL BUDGEfYEAR TO 31 DECEMBER 2025 Balan Sheet as at 3tst Decembpr 2025 Budget Aclual Fixed Assets iiio 987 Investments I(N,88A) l(M,88 Current A55ets Debtors Bank & Cash 7,401 61296 53,453 Current Liabilities Creditors NET ASSErs 170.449 159.314 Represented bv: Unrestritted Funds General Fund Sunday Club Fund Agnes Lawn Legacy Mrs J S Ge0th Legacy 51377 447 ,078 447 .891 5,1( 62,129 5,210 Re5trirted Fund5 Fabric Fund Community Fund Youth Development Fund Project Fund Summer Playscheme Broom Special Purposes Fund Flower Fund 2L293 10,748 11,312 3,599 11,540 3,599 694 14.869 14,548 TOTALFUNDS 170,449 L59,314 FUNDS HELD BY GENERAL TRusfEES 26