Polmont Old Parish Church Church of Scotland Financial Aecounts for the year ended 31 December 2024 ACCRUED (SORP COMPLIAKD ACCOUNTS Congregation No.. 221369 Scottish Charity No.. SC003421 www.polmontold.org.uk
Polmont Old Parish Church of Scotland Trustees, Report Year ended 31 December 2024 The trustees present their annual report and financial stalcments of the charity for the year ended 31 December 2024. The financial statements have been prepared in a¢¢ordance with the aOUntIng policies set out on pages I l and 12 and comply with the General Assembly Regulations for Congregtstional Finance. the Charities and Trustee Investment (Scotland) Act 2005. the Charities Accounts (Scotland) Regulations 2006 (as amended) and Accounting and Reporting by Charities.- Ststement of Recommended Practice applicablc to charities preparing their accounts in Accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland effective from l January 2019. Objectives and Activities The Church of Scotland is Trinitarian in doctrinc, Reformed in Iradilion and Presbyterian in polity. It exists to glorify God and to work for the advancemcnt of Christ's Kingdom throughout the world. As a national Church, it acknowledges a distinctive call and duty to bring the ordinances olreligion to the people in every parish of Scotland ihrou8h a territorial ministry. It CQ-operates with other Churches in various ecumenical bodies in Scotland and beyond. In addition to our regular weekly services of worship. Polmont Old aims to have an active programme of events designed to reach out to the wider parish with the intention of puttin8 the church at the heart of our community. A lypical week Slarts with a choir rehearsal before our Sunday morning worship. Kidzone (our Sunday morning group for children) share in the start of the worship 5ervi¢e before leaving for their own activities in the Session House. After the scrvic¢ all are welcome to stay for a lime of fellowship over to coffee and biscuits in the fellowship Room. Regular services are also held in our local care homes (al Ivybank once a month and ai Si. Margaret's about every six weeks). The Baby Group meS on Monday afternoons. The Boys Brigadc Anchor Boys meet on Thursday evenings with th¢ Junior and Company sections of the Brigade meeting on Friday evenings. A Bible study group meets fortnightly on Wednesday evenings, and our craft group (Twinspire Crafters) meets on Friday mornings. We also now have a "Chair Keep-Fit" class which meets around twice a month on Friday afternoons. During 2023 we started a new group, "Adventures in Prkyer" which meets on Thursday afternoons. All are wel¢ome to this group. which has the aim of growing and encouraging one another in our faith and prayer and fulfilling Gixl's desire for us to be a praying* powerful church. The Snowdrop Café is a community cafe which is a joinl venture between Polmont Old Parish Church and Polmont Community Council. We have a choice of soups, also a choice of toasties, and we also have hot sausage rolls. plus a wide choice of home baking along wilh tea and coffee. Although ihis is a free cafe . we do encourage a donation if possible for the food and drink that you receive. The donations that we do receive all go to local charities. To date (on 15 January 2025) we have donated £17,700 to different charities. £7,500 of which was donated in 2024. We are open every Thursday from Ipm unlil 3pm, and we are open ev¢ry week of the year. If you know of anyone that would benefit from good food, great company and just a place to chat, please let them know about the Snowdrop Cafe. We have people that came as slrangers and have become good friends, and there is a lol of laughier. As well as our own organizations, oiher groups also use the church hall, providin8 SUPPOrt to all age groups from the young lo our more senior citizens. These group5 provide a broad range of activities including fitne5S classes, dance cla5se5, martial arts, dog training and children's play groups. lThe Wednesday Club {alliated lo Age Scotland) meets on Wednesday afternoons in the church hall.
Achievements and Performance During 2024 ihe Presbytery of Forth Valley and Clydesdale agreed a Mission Plan coverin8 ministry posts and building5 across the new Presbytery area. As the Kirk Session of Polrnont Old was uncomfortable with the way in which the Mission Plan had been prepared. we submiiied a request for the section atfecting Polmont Old io be reviewed. At the time of preparation of these accounts {15 March 2025) this review has not yel been completed. The cuent Mission Plan (at 15 March 2025) is for the congregation of Polmont Old to unite with the congregations of Redding and Westquarter. and Laurieston, using the church building currently used by Redding and Weslquarter as the worship centre. All three halls (Polmont Old. Redding and Weslquarter, and Laurieston) are planned to remain open. allowing continued outreach into the local eommunity across the Lower Braes. While the review is ongoing we continue discussion and joint work with the congrcgations of Redding aTKI Weslquarter. and Laurieston, in the expectation of a fulurc union with them. Several joint 5erYi¢es were held durin8 2024, and it is expected that this will continue into 2025. Financial Review Total inwme in 2024 was around £90.440. compared with around £274.420 in 2023. The 2023 figure included legacy income of £182,807. Withoui ihe legacy, the 2023 figure would have been around £91,610. Compared with the 2023 income excluding ihe1¢8acy, the 2024 income has reduced by around 1.3Yo. 2024 expenses al around £105,790 were around 2.8% lower than in 2023. (The 2023 figure was around £108,790). Congregational regular giving ("open pla. offerings plus giving via standing orders or weekly envelopes) fell from around £47.480 in 2023 to around £42.820 in 2024, de¢reasing by around 9.8 /0. Once the way fonvard for Polmonl Old and the oiher Lower Braes churches becomes clearer we hope to reemphasise Christian stewardship and encourdge our members to review the level of their regular giving. Income arising from the activities in the church hall (around £16.140) rose by around 15 /0 compared with 2023 (around £14.030). Other significant income sources are Gift Aid, interest on our holdings in the Church of Scotland Investors. Trust Deposit Fund, use of the Church building for weddings and fierls. and "one-off. donations. During 2023 the Congregation received a signiftcant legacy (£182.807) as the Jimmy Reilly legacy trnst sold lh¢ residential property which it had held on behalf of the congregation. The proceeds from the sale, after deducting marketing cosls and legal expense4 were passed to the congregation as a restricted "fabric" fund, as required by the Church of Scotland. The truslees have decided to use this fund to cover the congregation's property expenses (for example heating and lighting. repairs and maintenanc< buildings insurance and cleaning costs). for the tirne being. This large legacy means that ihe congregation's financial position in 2024 w&5 reasonably comfortable. Given the uncertainty overth¢ fuiure of the church building, and the size ofthe restricted'fabric" fund, it was decided not to organize any fundraising events during 2024. However the underlying issues ol the reducing size of our con8r¢gation and continuing cost inflation Continu¢ to affect us.
Investment Policy and Performance Our endowment inve5ttnents (£47,925 at Dccember 2024) are held in the Church of Scotland Investors Trust, Growth and Income Funds and provided an income of £1.120 in 2024 (£986 in 2023)- Their value rose by £3.884 over the year (a rise of £3.130 in 20231. A breakdo between the endowment funds is shown in Note 16. The Growth Fund seeks to provide investors with growth in capital value while distributing an element of income each year, and the Income Fund seeks to provide investors with a high and sustainable income and to protect the long-lemi nominal value of capital. The Investors Trust has adviscd that during the 12-monih period to 31 December 2024 the Growth Fund delivered a tothl return of 11.6% which was below the comparativ¢ index for the fund (16.30/0)- Infonnation for the same period for the Income Fund is not yet available (&5 at 15 March 2025), however the Investors has advised that during the 12-month period lo 30 September 2024 ih¢ Income Fund delivered a tal reium of12.77% which outperformed its benchmark return of 9.7211/0. This fund has continued lo deliver returns over the long lem) which are better than that of the benchmark againsi which the Fund is measured. At 31 December 2024 we also held £224,875 in the Church of Scotland Investors Trust's Deposii Fund. Around £137,800 represented the remaining balance of the sale proceeds from the Jimmy Reilly le8acy property. This portion is restricted for Fabric usc &s meniioned above. The Deposit Fund is intended for short-teml investment. ideally of no longer than eighteen months, and seeks to provide a competitive rate of interest whilst spreading risk and preserving nominal capital value. The Invesr$ Tnjst has advised that the interest rates paid by the Deposit Fund during 2024 were as follows: uarter 3 months to 31 March 2024 3 months lo 30 June 2024 3 months to 30 September 2024 3 months to 31 December 2024 AnnualIS Inierest Rate 5.230/0 5.33 /0 5.070/0 4.760/ The trustees consider the security provided by the Deposii Fund meets our objective for this rnoney in the short temi, until the posilion in relation to union with our neighbouring churches (IAurieston Church. and Redding and Weslquarter Church) and the associated c105ure of buildings becomes clear {expected to be during 2025)-
Risk Management If Polmont Old is to remain open in the medium terni, we believe the main risks facing us are as follows: the reducing size of our Congregation. This is likely to result in a continuing decrease in the level of donations. Our roll stood at 243 at 31 December 2024, down from 254 a year earlier. We aim to maintain or increase the number in our congregation by being a welcoming church and providing a wide range of activitic4 as described above. increases in the cost of maintaining the church buildings. The CO of insuring and maintaining our church (which is a listed building) and our hall is a significant financial burden. If Presbytery dectde that our church building is to remain open, we will re-visit our plans for ihe major work necessary to put our church building in good order. Putting the church in a good state of repair ought to reduce our annual maintenance Reserves Poliey The charity tNstees have considered the reserves required and have taken into acwunl their current and future liabiltties. In nornial circumstances it is the trustees. policy to hold reserves (including desi8nated funds) of approximately three months, expenditure. At 31 December 2024 the Church held unrestricted fund5 of £93,11 O of which £55,565 had been designated for the fabric fund. The level of unrestricied funds represents around eleven months, expenditure. The church also held £141,080 of restricted fijnds which have been provided for the purposes specified in Note 16. The position in relation lo union with our neighbouring churches (Laurieston Church. and Redding and Westquarter Church) and the asso¢iated closure of buildings is not yet clear. Once the current review is cOmpled (as mentioned under "Achievements and Perfomjance" above), we will re-assess the financial situation. Previously w¢ were seeking grant funding for a major projec¢ to rerb]sh the church building. If Presbytery decide that our church building 15 to remain open. this project may still be required. Following the project (if il goes ahead) we would expect the level of unrestricted funds to return to around three months, expenditu.
Structure, Governance and Managen)ent The congregalion Ès a registered charity. number SC003421. is administered in accordance with the tertns of the Deed of Constitlltion (Unitary Forni). It is subject to th¢ Acts and Rc8ulations of thc Gcneral Assembly of the Church of Scotland. Members of th¢ Kirk S¢s5ion, whi¢h nomwlly meets monthly. are the charity trnstees. The Kirk Session m¢mbcrs aTc thc clders of the church and are chosen from those members vf the churth who are considered to have thc appropriate gifts and skills. The rninister. who is a member of the Kirk Scssion, was elected by the congregation and inducted by Presbytery. Certain resFK)nsibilities are delegated io the Finance Committee and ihe Property Commi1 apPrDPriC. Referenee and Administralive Information Trusteu l Kirk SetsioD member5 Princip21 (lfficfrbeArers Prlneipal olee Charity, No." SC003421 Independent Ex*miner EQ ALcounuinis Ltd Unit 4B. Gatew'ay Business Park Beancross Road Grangemouth FK3 8WX Bankers Bank of Scoiland 1381140 Hi8h Strfft Falkirk FKI INR
Trustees, Responsibilities in Relation to the Financial Statements The charity trnstees are PonSible for preparing a Iruste¢s' annual report and finan¢ial statements in a¢wrdan¢e with applicable law and United Kingdom Accouniing Swjdards (United Kingdom Generally Accepted Accounting Practi). The law applicable to charilies in Scotland requires the charity tst¢eS to prepare financial slalemenls for each year which shom. a true and fair view of the state of affairs of thc charity and of the income and expthditure of the charity for that period. In preparing the financial statements. th¢ trustees are required to.. select suithble ac¢ounting policies and then apply thern consi$tenily' nh.serve the method and principles in the applicubl¢ Chariti¢s SORP,. make judgements ond ¢5timates that ar¢ iea5011abl¢ and prudelli. stat¢ wheth¢r appli¢able a¢couniing standard5 and statements of recommended practice have be¢n followed, subject to any depaffur¢s disclosed and explained in the financial stalemenls., prepare the financial statements on the going concem basis unless it is Inappropria to presume that the charity will Continue in operational exisience. The lrnstees are responsible for keeping proper accounting e0rdS that are sutyicient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure thai the finan¢ial statements comply with the Charities and Trustee InVlment (Scotland) Act 2005 and the Chariti¢s Accounts {Scotlandl Regulations 2006 (a5 ainetKled). They a also responsible fot safeguarding th¢ asscts of thc charity and h¢ni¢ for taking reasonable epS for the prevention and det¢¢tion of fraud and oth¢r irregularities. Thc truslcc5 are responsible for the maintenance and integrity of the charity and financia] infommtion on the congregation's website. Legislation in the United Kingdom goveming the preparalion and dissemination of financial 5tatemenls may differ from legislation in other jurisdictions. Approved by the Tnjslees and signed on their behalf, Session Clerk Date. .24 ' March 2U25....
Polmont Old Parish Church of Scotland Independent Ex2miner's Report to the Trustees of Polmont Old Parish Church Year ended 31 December 2024 I report on ih¢ accounts of the charity tor the year ended 31 December 2024 which are set out on pages 9 to 22. Respective reStnSibIlItIeS of truslees and examiner The charity s truslees are responsible for the preparation of the accounts in accordance with the tern)s of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 las amended). The charitv trustees Consider that thc audit rcquir¢incnl of RegUl10n 10{1) (a) lo Ic) of the Accounts Regulations docs not apply. It is m) i¢sponsibiliiy io examine thc a¢coun(s as required under section 44(1} (c) of thc A¢t and to statc whether particular matters have come to my attention. Basls ofindependent examiner'$ statemenl My examination is carried out in accordance with RegulalTon I l of the Charities A¢¢ounts (Scotland) Regulations 2006 (as amended). An examination includes a review of the accounting recc)rds kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees con¢ernin8 any such matteTS. The procedures undertaken do not proi'ide all the eNid¢nce that would be rquired in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent ey(aminer's statem¢nt In th¢ Course of my cxamination, no mat(er has corne to my attention which 8iv¢s me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in acrdanCe with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations (as amended), and to prepare accounts which accord with the accounting records and comply with Re8ulation 8 of the 2006 Accounts Regulations (as amended) have not been mei, OT 2. to which. in my opinion. attention should be drawn in order to enable & proper understanding of the accounts to be reached_ Name: Professional Qualifi¢ationlProfessional Body: C.A. (ICAS) Address: IQ Accountants Ltd Unil 4B Gateway Business Park Beancross Ro Grangemouth FK3 8WX Signatu
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Polmont (Md Parish Chvrch of Seotland BalAnce Sheet Tdt 31 December 2024 Total Funds 2024 2023 N•ts Flxed Ass¢ts: Tan8ible Lssets Invesiments 47,925 44.041 Total Fiied Asstts 47.925 Currettt Assets rkbtors li .322 2,412 251701 Clth at bonk and in hknd Total Current A$$ets 23¥ 105 Ll#bilities Creditors fallin8 due within year Lyet Current Creditors fallin8 dye after more than one year 12 4ffj30 249J43 234 189 et A•Kts 282114 293 The funds thfthe chArity: Endowmcnl nd9 ReMdcLed funts UnreMrac¢ed 16 47,925 141,080 93.110 44,041 171,173 78.370 T•t*l cbarky fuTrd$ 16 282.114 Th¢ dGcounts aroVed by thc In ¢)n 24 m1h 2(r25 and sigrtd on their b¢halfby: Session aerk 10
Polmont Old Parish Church of Scotland Year ended 31 Deeember 2024 Accountillg Policies The principal accounting policies. which have been applied consistenlly in the current and preceding year in dcaling with items which are considered material to the aOunt$. are set out below. Basis of preparation The financial slalements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRSI 02} effective from l January 2019 and the Charities and Trusiee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). Fund accountittg Funds are classified as either restricted funds or unrestricted funds. defined as follows. Restricted fvnds are funds subjecl lo specific requirements as to their use which may be declared by the donor or with their authority or Created through legal processes, bul still within the wider objecls of the charity. Endowment funds are funds which have been given on the condition that the original capital sum is not reduced, but the income therefrom is used for the purpose defined in accordance with Ihe objects of Ihe charity- Unrestricted funds are expendable at the discretion of the truslees in furtherance of the objects of the charity. If parts of the unrestricted funds are earn]arked at the discretion of the trusiees for a particular purpose. they are designated as a separate fund. This designation has an administrative purpose only and docs noi legally restrtct the trustees, discretion to apply the fijnd. Going concern 11)e truslees consider that there are no material uncertainties aboul the ability of the charity lo continue for the foreseeable tre, and therefore have adopted the going concern basis in preparing these financial statements. Recognitiou of illeome Incom¢ is recognised when the charity has entitlement to the tund4 any perfomance conditions attached to the ilem(s) of income have bccn meL it is probable that the income will be received and the amounl can be measured reliably. DoD9ted services and facilities Donated professional services and donttted facilities are rccognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be mettsured reliably. In accordance with the Charitie5 SORP (FRS102) thc general volunteer time of congregation members is not recognised. On receipL donated professional services and donated facilities are recognised on Ihe basis of ihe value of the gift lo ihe charity which is the amount the charity would have been willing to pay lo 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.
Polmont Old Parish Church of Scotland Year ended 31 DeeembeT 2024 Iterest receivable Interest on funds held on deposit is included when receivable and the amount can bc measured reliably by th¢ charity. this is nornially upon notification of the interest paid or payable by Ihc financial institution. Recognition and #llocation ofexpendilure Expenditure is included in the Statement of Financial Activities on an accruals basis and is recognised when there is a legal or constructive obligation to pay for expenditure. Fixed Assets The charity has the right to occupy and use for its charithble objects certain tangible fixed assets, including the Church and manse, vested in the Church of Scotland General Trustees. No consideration is payable for the use of these assets. Expenditure incurred on the repair and maintenance of these asseis is charged as resources expended in the Stalcment of Financial Activities in the period in which the liability arises. The only tangible property asset owned by the charity is the hall, which is vested in the Minister and Kirk Session as Trustee5 for the congregation. The original cost of ihis hall is unknown and it is very difficult lo arrive at a value on a current Use basis and so no value is assigned to it in these financial Slatemenls. See note 15 10 the accounts for the position in relation lo the property which was owned by the Jimmy Reilly Legacy Trust. All tangible fixed assets wsling in excess of £IO.000 having a value to the charity greater than one year, other than Ihose acquired for specific purrrt)se& are capitalised. Depreciation is provided on a straight-line basis lo write off the cost or initial value, less residual value, of tsngible fixed assets over their estimated useful lives= Fixture& fillings and office equipment Motor vehicles twenty years five years Investments Fixed asset investments arc stated at market value al the balance sh¢¢t date. Unrealised gains and losses represent the difference belween the market value at the beginning and end of thc financial year or, if purchased in ihe year. the difference between cost and market value at the end of the year. Realised gains and losses represent the ditrerence between the proceeds on disiKTr5al and the market value at the start of the year or cost if purchased in the year. T4xation Polmont Old Parish Church is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities. The charity is not registered for VAT and resources expended therefore include irrewverable input VAT. Cash and cash equivalents Cash and cash equivalents include cash in hand and deposits held at the bank and with the Church of Swtland Investors Trust. Debtors Trade and other debtors are recognised at the settlement amount due after any dIoUnt offered. Prepayments are valued at Ihe amount prepaid nel of any discounts due. Credilors Creditors are nornially recognised at their settlement amount after allowing for any trade discounts due. 12
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Notes forming part of the financial statements for tbe year ended 31 December 2024 2Q24 2023 Stsff costs 4ttd ari&s and wages Social secwity costs 19,766 18.670 The aver88e numberof cmploycesdurin8 the year wa8 ag follo. 2024 2023 N••b¢r Mini5teri415upfA)n Adrninis¢ratii>n emises mwfttwJc¢ The CO of8elf-empkyy I0M organists is indu&d in the fi8uresth)v< No emptoyeehad employee inefits in exLr&s of £50.(W in either 2¢r23 or 2024. All Church of Scotland ¢on8reyi(fflscontriPMtetothe Nati1 StirAd Fu]Ml wthich ttarsthe wsts of211 ministexs, stipends and employevs (J)ntributions lornional Inranc& pension and housÉn8 and loan fund. Ministen, stit)d5 are paid itk a¢cord8nc¢ the national 5titnd SLxJ¢ which is re18kd to ye4rs ofservice. For 2024 the minimum stipend was £31.642 and the mlximwn stipth4 {rn the fillh and subsequthi years of service) £38,884. Trustee Remulleration #lld Reknted PArty Tramsa¢doms tring 2024 one trustee ¢¢IVed reimbursement of expthses Incurr lotstliTr8 £1,967. and Council Tax of £2,242 was in rel10n kn the manse. No ¢rustee or pttwn relatrd to a trth h*J any inteff5t in any Lx>ntra¢t or transadion tered into by the charity thirin8 the year. Durin8 the ytara tytai of£lO.437 w45 thtwted to the ¢4Jn8won lry tnthe5 {£14.143 in 2023). 15
Notes foming part ofthe finaDcial statements for tbe yegr ended 31 December 2024 Tanglble Flx¢d Assets om¢¢ Cost At l January 2024 Additio]ts Distx)sals At 31 DccemFr 2024 Buildlngs EqyipweDI To¢41 Aecumulted D¢prt£i8t At l January 2024 Charge for year F.liminatcd on Disposats At 31 Dee¢mber 2024 N¢t Book Val¢ At 31 December 2023 At 31 December 2024 oriit¢ Equipment Bulldthg5 Total Cost At l January 2023 AdditiotLS Disws#]s A¢ 31 Deccmber 2023 Atcumulated Deprttiath At l January 2023 Charge forycar Eliminated on Di$posals At 31 Decembcr 2023 Net Book V*lu¢ At 31 Dccember 2022 At 31 December 202J I(1 Invutments 2024 2023 Markct value at start of period Unre4lised sain / Ilo$sl on inves¢mertts Market value at end of pcriod 44,041 40.911 Inves¢ments at cost 17,&11 The following investments arc h¢ld: Chureh of SCland Invesiors Tru5t- Gromryh l.und (Alexander Legacy and Man50n Memorial) Income Fund (Dunlop Trust, Dick and Boyd Bequests) 44,717 3,207 40,863 3,178 16
Not45 forming part of the fiDanci*l statements for tbe year ended 31 Detember 2024 11 Debtors 21124 2023 Gtfl Aid Tax Refund Du¢ Listed Places of Wotship VAT Refund Due 2,412 418 2.412 12 Creditors 2024 2023 A¢cruals Other 3,916 4.630 3.916 13 An#ty5is of Net As$¢ts AmoDg Futhds Gener81 D¢signated Re8irkted Endowment Total Fixed Assets Investments Current A5set$ Curren¢ l.iabiliti¢s N¢t assets At 31 De¢ 2024 47.925 47,925 238,105 41,461 3.916 37,545 55565 141,080 55,565 141,080 47,925 281114 Getteral Deslgn4ted Restrl¢¢ed EndowmeTrt Tol41 Fixed Assets Investsn¢nts Cyrreni Assets Current Liabilities Net 8ss¢ts at 31 Dec 2023 44,041 44,041 254,172 27,301 55,565 171,307 22.671 55.565 171,307 44.041 293,584 14 voltte In common with all eott8reg8tion5 of thc CThurch of Scotland the eon8regation b¢nefits from the contribution made by voluntws who give their tim¢ and talents wtllingly for the bencfit of the ChuKh. The ttre&s of congrt8ational life which rely on the contribulioti ofvolunteers are many and varied and much of the a¢tiviiy would be unable fo eontinue were it not for the commilmcnt shown. 17
Notes forming part of the financial statements for the year ended 31 December 2024 15 Rela¢¢d Prtits The charity truth eonsider that the Jam&s R¢ilty Lcgacy Tn&wd5 a rela party &s li shared some )mmOn trustees and pUrSe$ a5 desLYittd ilow. Thc trustees of thc James Reilly Lew T were ex oificiis the Minister. the Session Clerk and the Treasyrer. {Thc Cla io the Congregaiionai Floard was alsD a thastee.) The purFose of the trua was to hold ¥ Idential property, left ¢0 the church by the late James Reilly. on of the Lvngrc8a(ion. Dwing 2023 the PrOlY was xjld and the ptoce¢¥Js {£182.8071 were trnnsftrr to the church as a ]egxy. Prior to June 2022 the property rented tthants and the Tcntsj irKon%, afteXt$ Wds donaw to the church by 16 Movements ID Fnmd$ Atl J*Duary 2024 At31 Dee¢mb¢r 2•24 Imcom¢ ExpeAdlturt Tr1#5fera Endowment funds Alexandcr Lc Man50n MemoTiai Dunlop Tn]5¢ Dick arld Boyd Bequests 39.557 iJ06 3,732 123 43288 1,429 3.178 29 47.925 Restrirted funds Sp¢¢ial collections (CHASI Sunday S¢h(x>l teaching materials 134 134 455 30 485 Pastor CKJmmitttt use Histori¢ legacies Flower Fund 815 174 187 802 1.589 82 lJ89 229 245 98 Youth Fund 174 3CKI 391 i( 183 Ener8y Costs Fund Restrict1 Fabric Fund 1,070 .450 1.070 30 168 059 137 792 10269 147 50 Unr¢5trkted funds Designaied Fabric Fund Generat Fund 55565 55,565 8.350 78 36 Total fund$ 282 114 18
Notes formlttg part ofthe fin%Deial Statements for the year ended 31 December 2024 Movements iti Funds (eoDtID4ed) Atl JAn*ry 21123 At 3] D¢cembtr 2Ots l¥torn¢ E%pendltllre TTansf¢rs Ehdowm¢Mt fund$ AlcKaThder t 3A639 1210 1918 39,557 1,306 Manson Mernorio] Jnlop TrusL Dick and Boyd Bequests 116 Reslrirted fwTrds Srtciai colleLqi(A (CHAS} Sunday Sch(x)l leaching mat¢ria15 Pa5tora] Commitlee use Historic legacie5 oir social fu1 Flower Fund Youth Fund Di8hw&fher Fund FergY Costs Fund Rcstricled Fabric Fund 134 134 428 27 145 455 815 1.589 iJ89 62 259 82 174 85 2,763 650 14.749 475 18(N) 650 37 168 059 95 171307 UDrestrirted fvnds Design¢4 FabrÉ¢ Fund Gencrdl fund 5.565 (so.j} 35.565 12 84 77 78 36 Totsl 10&787 293 584 19
Notes forming part ofthe financial statemellts for tbe year ended 31 Deeember 2024 Fun Alexander Legacy Held in Growth Fund. Inthme be th1gJ the Gener Fund MarEFATrn Memorial Heid in Growth Fund. Inry)me to be used for Sunday Scknl If]rt8 maferiajs In10p Trust, Di¢k Bequ¢& Boyd Bequest Held in Itrne Fund Income lo as directed by the P&%t(nl Committee of R&%tri Funds SFecial colle¢iioTL Ai the of 2023 the retirin8 L¥)lled1 from the Watchnighi Service had Mt yet been scnl to ChilttreTh's Hospicts Across Seotland {CHASI. Thi$ sent in jUary 2024. Sunday School th]n8 materials Sw)dy Sdwl trxhing maTids (ac¢Th inL¥Mll¢ fmm thc Mat)son Mcmorial fitnd). P&%toral Committee To as directol by the Paqora] Committee (aLled inumne from the Ihnknp Trnsl Di¢k Beque# and Boyd BffjuE5tI Choir social fimd Yotsth FLttk1 Flower FuT¥l Fabric Youth work expen Pft)c¢¢th the sale of the Jimrny Rcilly Icgw prtsrty. )nations towar(Ls a replacement dishw&sbu for thc clwrch hall. This was install¢d in Dectmb 2023. Dishwashtt &pecifi¢alty to be u*1 forclwrch or thurth hall cnu&y (t& se5 of De51 The Tn have 5Ct aside fund5 for the maintu)ance of th¢ thureh propty and in artticipation of making a contriiKAion if a grant is applied for wir the church. 20
Notes forEDillg part of the finaneial statements lor tbe year ended 31 Detember 2024 17 Colkttlott$ for Thlrd P8rtles 2024 21123 Jars of Cra¢ Mlsslon Abroad Falkirk Food Bfink Cowpa55ioll UK Str4tbtArroD H05plet ErJkle DEC rthqake Ap11 M¢mlllan Caneer Support Chrtsttso Aid PfJppy5COtl•tyd CHAS (Rachel House) CrossRea¢h 1st. MaryAret's House 223 174 120 225 303 10 1,242 1.217 237 134 438 74 The congregation also provides 8ifts of food for the Falkirk Foodbank which helps those in need in our local are4 as well as supporting the annual Blythswood Care Shoebox Appeal which aims to bring happiness to those in need in a number of countrles across Europe and Asi4 combining the Christlan message with pwtical help. 21
APPEIWTX FtINDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAND GEIYERAL TRUSTEES AprrA UNT 2024 2023 Credit Balances held at 31 Demberat U>5t Mark¢t Vut of Balances at 31 December REVENUE A OUNT Cr]lL Balance at 311)ecember MP RY Credit BAl4t)ce at 31 December 22