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 a￿OUntIng 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 me￿S 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 {a￿lliated
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 cu￿ent 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 fi￿er￿ls. 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
Inves￿r$ 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
cOmpl￿ed (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 re￿rb]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￿ ￿ apPrDPri￿C.
Referenee and Administralive Information
Trusteu l Kirk SetsioD member5
Princip21 (lfficfrbeArers
Prlneipal o￿lee
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 t￿st¢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 InV￿lment
(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 reSt￿nSibIlItIeS 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 RegUl￿10n 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 ac￿rdanCe 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

n n 'n M11
]&uo

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 a￿roVed by thc In￿ ¢)n 24 m1￿h 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 a￿Ount$. 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 ￿t￿re, 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
I￿terest 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 dI￿oUnt 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

-00
rry
oth
z OLLU_

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 mwft*twJc¢
The CO￿ of8elf-empkyy￿ I0￿M organists is indu&d in the fi8uresth)v<
No emptoyeehad employee i*nefits in exLr&s of £50.(W in either 2¢r23 or 2024.
All Church of Scotland ¢on8reyi(fflscontriPMtetothe Nati￿1 StirAd Fu]Ml wthich ttarsthe wsts of211 ministexs,
stipends and employevs (J)ntributions lorn*ional In￿ranc& pension and housÉn8 and loan fund. Ministen, sti￿t)d5
are paid itk a¢cord8nc¢ the national 5tit*nd 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
t￿ring 2024 one trustee ￿¢¢IVed reimbursement of expthses Incurr￿ lotstliTr8 £1,967. and Council Tax of £2,242
was in rel￿10n 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 DccemF*r 2024
Buildlngs
EqyipweDI
To¢41
Aecumul*ted 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 SC￿land 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 vol￿￿tte
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 P*rtits
The charity truth eonsider that the Jam&s R¢ilty Lcgacy Tn&wd5 a rela￿￿ party &s li shared some ￿)mmOn trustees and
pUr￿Se$ a5 desLYittd i*low.
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 PrO￿lY 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%, aft￿eXt￿$* Wds donaw to the church by
16
Movements ID Fnmd$
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
Restrict￿1 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 fu￿1
Flower Fund
Youth Fund
Di8hw&fher Fund
F￿ergY 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
I￿n10p Trust, Di¢k
Bequ¢& Boyd
Bequest
Held in It￿rne 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 j￿Uary 2024.
Sunday School
t￿h]n8 materials
Sw)d*y Sdwl trxhing ma*Tids (ac¢Th￿ inL¥Mll¢ fmm thc Mat)son Mcmorial fitnd).
P&%toral Committee
To as directol by the Paqora] Committee (aL￿led 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 prts￿rty.
)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
ErJkl*e
DEC ￿rthq￿ake Ap1￿1
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 D￿emberat U>5t
Mark¢t V￿ut of Balances at 31 December
REVENUE A
OUNT
Cr￿]lL Balance at 311)ecember
MP
RY
Credit BAl4t)ce at 31 December
22