Springburn Parish Church of Scotland Glasgow ## Report of the Trustees For the year ended 31 December 2023 The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting 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 (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES Objectives and aims** The Church of Scotland is Trinitarian in doctrine, Reformed in tradition and Presbyterian in polity. It exists to Glorify God and to work for the advancement of Christ’s Kingdom throughout the world. As a national Church, it acknowledges a distinctive duty to bring the ordinances of religion to the people in every parish of Scotland through a territorial ministry. It co-operatives with other Churches in various ecumenical bodies in Scotland and beyond. Springburn Parish Church provide Services of Worship, supervised youth activities including groups attached to the Boys’ Brigade and Guide Movements, Ichthus and the Rainbows. The community-led and managed after-school group – the Let’s Go Club – continued from its inception mid-2019, remain a popular club for local primary school children and families Adult activities include regular meetings of the Guild **,** the Trefoil Guild and the Choir. A tea room, popular with many of the congregation continues on a Sunday after the morning service after COVID restrictions were eased. We are further involved in the community with a shared chaplaincy to a large care home, and by presence and teaching in the local Primary School and High School, Elmvale Primary and Springburn Academy, and by hosting the Primary School for main holiday services and events. The Minister is a member of the Parent Teacher Council of Elmvale Primary School. The church also supports Springburn Community Council and provides meeting room space for their monthly committee meetings. Two members of the congregation are community councillors and often work in partnership on community projects such as Christmas and Halloween events, markets and other fun activities in the local community. Accommodation is also provided for Alcoholics Anonymous and Al-Anon. ## **Public benefit** The charity meets the definition of a public benefit entity under FRS 102. ## **ACHIEVEMENT AND PERFORMANCE Fundraising activities** We are a charity registered with ‘easyfundraising.org.uk’ and, on an ongoing basis, encourage our members to use their website when purchasing online. In doing so, when a transaction has been processed, the retailer makes a donation to the church. 1 Springburn Parish Church of Scotland Glasgow ## Report of the Trustees For the year ended 31 December 2023 ## ACHIEVEMENT AND PERFORMANCE **Annual Review of Activities** Springburn Parish Church (SPC) continues to have a mission to the community in which it serves. We are constantly reviewing the needs of those within our parish and working closely with partner organisations and community groups to ensure that we, each unique in our own way, work together to encourage community involvement in the development and decision-making processes that affect their community, and to ensure that our parish remains one that is both inclusive and resilient. As the Church looked to recover from the impact of the Pandemic opportunities which had been identified (SPARC recovery café, Slimming Clubs led by local residents for example.) Armchair Yoga have been further developed strengthening the link with the community In addition, the church continued to support such groups as the Monday afternoon Musical Memories (Singing for the Brain) group where volunteers from the church take part in playing musical instruments, singing and encouraging members, many from various local care homes and suffering with dementia, Alzheimer’s or other illnesses that affect the memory, to sing and take part in activities reminiscent of their youth and other memorable times. An extremely popular and well-loved group, Musical Memories are highly acclaimed and recognised for their valuable work. Would also highlight Tuesday SPARC Café, run by well-trained volunteers, many with lived-experience, and supported by Glasgow North East Recovery Services, offer clients in recovery (and their families) access to many supportive activities to aid them in their recovery journey. This is supported by of professional therapists and counselling in a warm and encouraging atmosphere with no judgement given, Known as a safe space, the café attracts many people in various stages of recovery and offers. We continue to be an available venue for school assemblies for Elmvale Primary School, for youth groups such as the B\rownies, Guides and The Boys Brigade which has run contnuosly which has run for approximately 40years. We hold an open-door policy for our local schools and utilise any opportunity we can to build new, supportive relationships with the children and families in our community. Finally, the church continues to support the mini Artists classss which is very popular with members regularly attending. ## **In summary** Springburn Parish Church will continue to work closely with our colleagues during these challenging times and while the groups both community and church based have continued to return it is apparent that there will be a time lapse before full activities are resumed. Work will continue within the church to welcome back and support our congregation through a time of difficulty and loss. We have new plans such as messy church, a parent/toddler group, ESOL classes. Work has already started on family support activities. Much is planned for 2023. 2 Springburn Parish Church of Scotland Glasgow ## Report of the Trustees For the year ended 31 December 2023 ## **FINANCIAL REVIEW Reserves policy** It is the policy of the Charity to maintain sufficient funds to support the charity’s current activities. Total charity funds of £45154 as at 31 December 2022 (£73820 – 2021) represents accumulated funds arising from past operating results and the Trustees are satisfied that the level held is sufficient to meet all anticipated liabilities. The substantial reduction during the year results from sale of Investor trust units to clear external debt The financial statements show the overall position of the Church as at 31 December 2021 and its income and expenditure for the year ended that date. The church saw total income of £91,472 which was in line £91008) in 2021. Total expenditure increased to £108519 from £106333 in 2021. However, unlike lthe previous 2 years this was attributable solely to everyday items with the impact of foodbank being minimal Following a sale of investor units to reduce outstanding obligations to the denomination the impact of market condition resulted in an investment deficit of £11621 compared to a profit of £3487 was in the previous year Accordingly, the increase in the ordinary deficit for 2022 was restricted to £11259 (accumulated £14846 2021) which continues to be in the right direction This improvement combined with a sale of Investors trust units resulted in the creditors position (£56k) being eradicated While the illiquid position remains a concern, the removal of external debt is progress ## **INVESTMENTS** Investments have been placed with the three funds of the Church of Scotland Investors Trust. The performance of the funds during 2021 against the benchmarks agreed with the fund managers was: - **Deposit Fund** (a cash fund for short-term investment) - the average interest paid on deposits was 0.54% compared with average UK Base Rate of 0.23%. - **Income Fund** (a predominantly fixed interest-based fund) – the total return was 6.9% against a benchmark of 7.20%. - **Growth Fund** (a predominantly equity-based fund) – the total return was -0.61% against a benchmark of 3.06% ## **Risk management** The Trustees have examined the major risks which the church faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks. During 2020 the difficulty in calling meetings meant that the trustees were unable to address fully the risks which emerged during Covid-19 or to receive regular reports. 3 Springburn Parish Church of Scotland Glasgow ## Report of the Trustees For the year ended 31 December 2023 ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The Church was administered in accordance with the terms of the Model Constitution of the Church of Scotland until it changed to the unitary constitution during the year ## **Recruitment and appointment of new trustees.** 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 who are considered to have the appropriate gifts and skills. The Minister, who is a member of the Kirk Session, is elected by the congregation and inducted by Presbytery. ## **Organisational structure** The Kirk Session is chaired by the Minister and meets ten times per Certain responsibilities are delegated to the Finance Committee and the Property Committee as appropriate. The Kirk Session, , is responsible for spiritual and temporal affairs within the Church. ## **Key management remuneration** The trustees consider all members of the Kirk Session as comprising the key management personnel in charge of directing and controlling the charity on a day-to-day basis. Some trustees give their time freely while others are remunerated. Details of trustee remuneration and expenses are as disclosed within the notes to the financial statements. ## **REFERENCE AND ADMINISTRATIVE DETAILS** Registered Charity Number SC004397 ## **Principal address:** 180 Springburn Way Glasgow G21 1TU ## **Trustees** 4 ## Springburn Parish Church of Scotland Glasgow ## Report of the Trustees For the year ended 31 December 2023 ## **Principal Office bearers** Minister: Session Clerk: Church Treasurer: **Principal Office** 180 Springburn Way Glasgow G21 1TU **Independent Examiner** **Bankers** Virgin Money 30 St Vincent Place Glasgow G1 2HL ## **STATEMENT OF TRUSTEES’ RESPONSIBILITIES** The Trustees have prepared financial statements for each financial year which show a true and fair view of the state of affairs of the Church and of the surplus or deficit for that year and which have been properly prepared from and are in agreement with the accounting records of the Church. The financial statements complies with relevant disclosure regulations and preparation requirements. In preparing these financial statements, the Trustees are required to: 5 rin burn Parish Church of Scotland Gla Re ort of the Trustees For the ear ended 31 December 2023 Select suitable accounting policies and appfy them consistently Make judgements and estimates that are reasonable and prudent Follow applicable accounting standards, subject to any material departures disclosed and explained in the financial statements and Prepare the financial statements on the going concem basis unless it is inappropriate to presume that the church wll continue its attivsties. The Trustees are required to art in accordan￿ with the conditions of the Deed of Constitution and within the framework of charity legislation. They are responsible ft)r keeping proper accounting records which disclose, with reasonable accuracy. at any time. the financial position of the church and to enable them to ensuie that the financial statements comply with the requirements of the Charities and Trustee Investment (Scotlandl Act 2(N)5. the Charities Accounts Iscotlandl Regulations 2006 and the Statement of Recommended Practice (Charities FRS 102)- They have general rèsponsibility for taking such step5 which ale fea50nably open to thern to Safeguard the assets of the Church and to prevent and detect fraud and other irregularities. INDEPENDE￿[ EXAMINER The Independent Examiner, has expressed a willingness to retire from the post. The trustees are grateful fnr hTs willingness to guide the congregation during what was av ery difFicult in the life of the congregation. The trustees will appoint a replacement during the course of 2022 Approved by order of the Board of Trustees on .. behalf by-. .and signed on its Springburn Parish Church of Scotland Glasgow ## Report of the Trustees For the year ended 31 December 2023 - Select suitable accounting policies and apply them consistently - Make judgements and estimates that are reasonable and prudent - Follow applicable accounting standards, subject to any material departures disclosed and explained in the financial statements and - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the church will continue its activities. The Trustees are required to act in accordance with the conditions of the Deed of Constitution and within the framework of charity legislation. They are responsible for keeping proper accounting records which disclose, with reasonable accuracy, at any time, the financial position of the church and to enable them to ensure that the financial statements comply with the requirements of the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 and the Statement of Recommended Practice (Charities FRS 102). They have general responsibility for taking such steps which are reasonably open to them to safeguard the assets of the Church and to prevent and detect fraud and other irregularities. INDEPENDENT EXAMINER The Independent Examiner, has expressed a willingness to retire from the post. The trustees are grateful for his willingness to guide the congregation during what was av ery difficult in the life of the congregation. The trustees will appoint a replacement during the course of 2022 Approved by order of the Board of Trustees on ……………………………………………………….and signed on its behalf by: 6 Springburn Church of Scotland Balance Sheet as at 31 December 2023 2023 2022 Note Fixed Assets.. Tan8ible Bssets Investtnent5 io 6,452 29,661 36,113 li 10946 Total Fixed Assets 14.988 Current Assets Debtors Cash at bank and in hand 12 11.373 11,373 9,062 9,062 Totsl Current Assets Liabilities Creditors falling due within one year Net Current Llabillties 13 21 11,373 9,041 Assets les5 Current Liabilities 26,361 45,154 CredFtors falling due after rnore than one year 14 Net Assets 26.361 45,154 The funds of the chartty: Ersdowment funds Restricted income funds Unrestricted income funds 97.490 {71.1291 26.361 96,824 151,6701 Total charity funds 15 45,154 The accounts wore approved by the tTU5tees on 15 I￿0V 2027 and Eign?d on their behalf bi,: Page I 2021 ## **Springburn Church of Scotland** ## **Report and Accounts** **for the year ended 31 December 2023** **Congregation No: 161030 Charity No: SC004397** ## **Springburn Church of Scotland Statement of Financial Activities for the year ended 31 December 2023** |**Unrestricted**
**Restricted**
**Endowment**
**Unrestricted**
**Restricted**
**Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**Funds**
**Funds**
**Funds**
**Total**
**Note**
**2023**
**2023**
**2023**
**2023**
**2022**
**2022**
**2022**
**2022**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**Income and endowments from:**
Donations & legacies
1
**39,295**
1,580
-
**40,875**

42,941
446

-
43,387

Charitable activities
2
**18,206**
-
-
**18,206**
11,140
-
-
11,140
Other trading activities
3
-
-
-
**-**
-
-
-
-
Investment Income
4
**1,352**
-
**1,352**

2,003
-
-

2,003

Other
5
**23,802**
6,460
-
**30,262**
34,942
-
34,942
**Total income**
**82,655**
8,040
-
**90,695**
91,026
446
-
91,472
**Expenditure on:**
Raising funds
6
196
-
-
**196**
249
-
-
249
Charitable activities
6
117,287
7,374
-
**124,661**

102,037
6,233

-
108,270
**Total expenditure**
117,483
7,374
-
**124,857**
102,286
6,233
-
108,519
**Net income/(expenditure)**
**before gains & losses on investments**
(34,828)
666
-
**(34,162)**
(11,260)
(5,787)
-
(17,046)
Net gains/(losses) on investments
15370
-
**15,370**
-
-
**Net income/(expenditure)**
(19,458)
666
-
**(18,792)**
(11,260)
(5,787)
-
(17,046)
Transfers between Funds
-
-
-
**-**
-
-
-
-
Gain/(loss) on revaluation of fixed assets
-
**-**
(11,621)
-
-
3,486

**Net movement in funds**
(19,458)
666
-
**(18,792)**
(22,881)
(5,787)
-
(28,668)
**Reconciliation of funds:**
Total funds brought forward
(51,670)
96,824
-
**45,154**
(28,789)
102,611
-
**73,822**
**Total funds carried forward**
15
(71,129)
97,490
-
**26,361**

(51,670)
96,824
-
45,154|**Unrestricted**
**Restricted**
**Endowment**
**Unrestricted**
**Restricted**
**Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**Funds**
**Funds**
**Funds**
**Total**
**Note**
**2023**
**2023**
**2023**
**2023**
**2022**
**2022**
**2022**
**2022**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**Income and endowments from:**
Donations & legacies
1
**39,295**
1,580
-
**40,875**

42,941
446

-
43,387

Charitable activities
2
**18,206**
-
-
**18,206**
11,140
-
-
11,140
Other trading activities
3
-
-
-
**-**
-
-
-
-
Investment Income
4
**1,352**
-
**1,352**

2,003
-
-

2,003

Other
5
**23,802**
6,460
-
**30,262**
34,942
-
34,942
**Total income**
**82,655**
8,040
-
**90,695**
91,026
446
-
91,472
**Expenditure on:**
Raising funds
6
196
-
-
**196**
249
-
-
249
Charitable activities
6
117,287
7,374
-
**124,661**

102,037
6,233

-
108,270
**Total expenditure**
117,483
7,374
-
**124,857**
102,286
6,233
-
108,519
**Net income/(expenditure)**
**before gains & losses on investments**
(34,828)
666
-
**(34,162)**
(11,260)
(5,787)
-
(17,046)
Net gains/(losses) on investments
15370
-
**15,370**
-
-
**Net income/(expenditure)**
(19,458)
666
-
**(18,792)**
(11,260)
(5,787)
-
(17,046)
Transfers between Funds
-
-
-
**-**
-
-
-
-
Gain/(loss) on revaluation of fixed assets
-
**-**
(11,621)
-
-
3,486

**Net movement in funds**
(19,458)
666
-
**(18,792)**
(22,881)
(5,787)
-
(28,668)
**Reconciliation of funds:**
Total funds brought forward
(51,670)
96,824
-
**45,154**
(28,789)
102,611
-
**73,822**
**Total funds carried forward**
15
(71,129)
97,490
-
**26,361**

(51,670)
96,824
-
45,154|**Unrestricted**
**Restricted**
**Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**2022**
**2022**
**2022**
**2022**
**£**
**£**
**£**
**£**
42,941
446

-
43,387

11,140
-
-
11,140
-
-
-
-
2,003
-
-

2,003

34,942
-
34,942| |---|---|---| ||**82,655**
8,040
-
**90,695**|91,026
446
-
91,472| ||196
-
-
**196**
117,287
7,374
-
**124,661**
|249
-
-
249
102,037
6,233

-
108,270| ||117,483
7,374
-
**124,857**|102,286
6,233
-
108,519| ||(34,828)
666
-
**(34,162)**
15370
-
**15,370**|(11,260)
(5,787)
-
(17,046)
-
-| ||(19,458)
666
-
**(18,792)**
-
-
-
**-**
-
**-**|(11,260)
(5,787)
-
(17,046)
-
-
-
-
(11,621)
-
-
3,486
| ||(19,458)
666
-
**(18,792)**
(22,881)
(5,787)
-
(28,668)
(51,670)
96,824
-
**45,154**
(28,789)
102,611
-
**73,822**|| ||(71,129)
97,490
-
**26,361**
|(51,670)
96,824
-
45,154| Page 2 **Springburn Church of Scotland Year ended 31 December 2023** ## **Accounting Policies** The principal accounting policies, which have been applied consistently in the current and preceding year in dealing with items which are considered material to the accounts, are set out below. ## **Basis of preparation** The accounts have been prepared under the historical cost convention, modified to reflect the inclusion of investments and the manse at market value, and in accordance with applicable accounting standards, Accounting and Reporting 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 (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The Charity meets the definition of a public benefit entity under FRS 102. ## **Fund accounting** Funds are classified as either restricted funds or unrestricted 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. Endowment funds are funds which have been given on the condition that the original capital sum is not reduced, but the income there from is used for the purpose defined in accordance with the objects of the charity. Unrestricted funds are expendable at the discretion of the trustees in furtherance of the charity's objects. If parts of the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, they are designated as a separate fund. The designation has an administrative purpose only and does not legally restrict the trustees’ discretion to apply the fund. ## **Income recognition** Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is 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 on notification of 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 recognised as income on the basis of the value of the gift to the charity which is the amount the charity would 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 (FRS102) the general volunteer time of congregation members is not recognised. Page 3 **Springburn Church of Scotland Year ended 31 December 2023** ## **Accounting Policies** ## **Expenditure recognition** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. 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. The Charity is not registered for VAT and expenditure therefore includes irrecoverable input VAT. ## **Fixed Assets** The charity has the right to occupy and use for its charitable objects certain tangible fixed assets, including the Church and halls, 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 assets is charged as resources expended in the Statement of Financial Activities in the period in which the liability arises. The manse which is vested in Local Trustees is included at market value as estimated by the Trustees. All other fixed assets costing in excess of £500 having a value to the charity greater than one year, other than those acquired for specific purposes, are capitalised. Depreciation is provided on a straight-line basis to write off the cost or initial value, less residual value, of tangible fixed assets over their estimated useful lives. Plant and Machinery - 25% on cost and 10% on cost ## **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 cost and market value at the end of the year. Realised gains and losses represent the difference between the proceeds on disposal and the market value at the start of the year or cost if purchased in the year. ## **Taxation** Springburn 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. Page 4 ## **Springburn Church of Scotland** ## **Notes forming part of the financial statements for the year ended 31 December 2023** |Unrestricted
**Restricted Endowment**
**Unrestricted**
**Restricted Endowment**
Funds
**Funds**
**Funds**
**Total**
**Funds**
**Funds**
**Funds**
**Total**
2023
**2023**
**2023**
**2023**
**2022**
**2022**
**2022**
**2022**
£
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**1**
**Donations and Legacies**
Offerings
**26,788**
-
-
**26,788**
**27,168**
-
-
27,168
Tax Recovered on Gift Aid
**5,819**
-
-
**5,819**
**7,957**
-
-
7,957
Legacies
**0**
-
-
**-**
**3000**
-
-
3,000
Donations
3,596
1,580
-
**5,176**
4,816
446
-
5,262
Other
3092
-
**3,092**
-
-
-
40875
39,295
1,580
-
**40,875**

42,941
446
-
43,387

**2**
**Income from Charitable activities**
Hall lets
**17,248**
-
-
**17,248**
**10,591**
-
-
10,591
Tearoom
**958**
**958**
**549**
549
Weddings and funerals
-
-
-
**-**
-
-
-
-
Sale of Life and work
-
-
-
**-**
-
-
-
-
18206
18,206
-
-
**18,206**

11,140
-
-
11,140

**3**
**Income from other trading activities**
Rent of manse
-
-
-
**-**
-
-
-
-
-
-
-
**-**
-
-
-
-
**4**
**Investment income**
Dividends received
1352
1352
-
**1,352**
2,003
-
-
2,003
-
-
-
-
1,352
-
-
**1,352**
2,003
-
-
2,003

**5 Other Income**
Income from Consolidated Fabric
13,302
-
-
**13,302**
31,742
-
31,742
Grants received
1,500
5,250
-
**6,750**
3,200
3,200
Foodbank Grant/Donations
9,000
1,210
-
**10,210**
100
100
23802
23,802
6,460
-
**30,262**
34,942
-
35,042|Unrestricted
**Restricted Endowment**
**Unrestricted**
**Restricted Endowment**
Funds
**Funds**
**Funds**
**Total**
**Funds**
**Funds**
**Funds**
**Total**
2023
**2023**
**2023**
**2023**
**2022**
**2022**
**2022**
**2022**
£
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**26,788**
-
-
**26,788**
**27,168**
-
-
27,168
**5,819**
-
-
**5,819**
**7,957**
-
-
7,957
**0**
-
-
**-**
**3000**
-
-
3,000
3,596
1,580
-
**5,176**
4,816
446
-
5,262
3092
-
**3,092**
-
-
-|Unrestricted
**Restricted Endowment**
**Unrestricted**
**Restricted Endowment**
Funds
**Funds**
**Funds**
**Total**
**Funds**
**Funds**
**Funds**
**Total**
2023
**2023**
**2023**
**2023**
**2022**
**2022**
**2022**
**2022**
£
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**26,788**
-
-
**26,788**
**27,168**
-
-
27,168
**5,819**
-
-
**5,819**
**7,957**
-
-
7,957
**0**
-
-
**-**
**3000**
-
-
3,000
3,596
1,580
-
**5,176**
4,816
446
-
5,262
3092
-
**3,092**
-
-
-| |---|---|---| |||42,941
446
-
43,387
| ||**17,248**
-
-
**17,248**
**10,591**
-
-
10,591
**958**
**958**
**549**
549
-
-
-
**-**
-
-
-
-
-
-
-
**-**
-
-
-
-|| ||18,206
-
-
**18,206**
|11,140
-
-
11,140
| ||-
-
-
**-**|-
-
-
-| ||-
-
-
**-**|-
-
-
-| |||| ||1,352
-
-
**1,352**|2,003
-
-
2,003
| ||13,302
-
-
**13,302**
31,742
-
31,742
1,500
5,250
-
**6,750**
3,200
3,200
9,000
1,210
-
**10,210**
100
100|| ||23,802
6,460
-
**30,262**|34,942
-
35,042| Page 5 ## **Springburn Church of Scotland** ## **Notes forming part of the financial statements for the year ended 31 December 2023** |**Springburn Church of Scotland**
**Notes forming part of the financial statements**
**for the year ended 31 December 2023**|**Springburn Church of Scotland**
**Notes forming part of the financial statements**
**for the year ended 31 December 2023**|| |---|---|---| |84235
**Unrestricted**
**Restricted Endowment**
**Unrestricted**
**Restricted Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**Funds**
**Funds**
**Funds**
**Total**
**2023**
**2023**
**2023**
**2023**
**2022**
**2022**
**2022**
**2022**
£
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**6**
**Analysis of Expenditure**
**Raising Funds**
Tearoom
-
-
-
**-**
-
-
-
-
Offering Envelopes
196
-
-
**196**
249
-
-
249
196
-
-
**196**
249
-
-
249
**Charitable Activities**
Ministries & Mission Contributions
**32,825**
-
-
**32,825**
**24,500**
-
-
**24,500**
Presbytery Dues
1,505
-
-
**1,505**
**1,153**
-
-
**1,153**
Minister's Expenses
2,771
-
-
**2,771**
**5,243**
-
-
**5,243**
Council Tax Manse
2,463
-
-
**2,463**
-
Pulpit Supply
909
-
-
**909**
**2,375**
-
-
**2,375**
Other Salary Costs
3,110
-
-
**3,110**
-
-
-
**-**
Church Fabric Repairs & Maintenance
40,040
-
**40,040**
**7,211**
-
-
**7,211**
Water & Insurance
2,789
-
**2,789**
49,048
500
-
**49,548**
Heating and lighting
4,731
-
**4,731**
1,288
-
-
**1,288**
Postage,stationery & Advertising
1,299
**1,299**
5,951
-
-
**5,951**
Foodbank/community Costs
-
7374
**7,374**
5,733
**5,733**
Professional Fees Accountants
4,900
-
-
**4,900**

-
-
**-**
Cleaning materials
-
-
**-**
-
-
-
**-**
Telephone?Internet
4,512
-
-
**4,512**
2,858
-
-
**2,858**
Depreciation
2,410
-
**2,410**
2,410
-
**2,410**
Support to Organisations
7,826
**7,826**
Other expenses
5,197
-
-
**5,197**
-
-
**-**
117,287
7,374
-
**124,661**
102,037
6,233
-
108,270
**Total**
117,483
7,374
-
**124,857**
102,286
6,233
-
108,519||**Unrestricted**
**Restricted Endowment**
**Funds**
**Funds**
**Funds**
**Total**
**2022**
**2022**
**2022**
**2022**
**£**
**£**
**£**
**£**
-
-
-
-
249
-
-
249| ||196
-
-
**196**|249
-
-
249| ||**32,825**
-
-
**32,825**
**24,500**
-
-
**24,500**
1,505
-
-
**1,505**
**1,153**
-
-
**1,153**
2,771
-
-
**2,771**
**5,243**
-
-
**5,243**
2,463
-
-
**2,463**
-
909
-
-
**909**
**2,375**
-
-
**2,375**
3,110
-
-
**3,110**
-
-
-
**-**
40,040
-
**40,040**
**7,211**
-
-
**7,211**
2,789
-
**2,789**
49,048
500
-
**49,548**
4,731
-
**4,731**
1,288
-
-
**1,288**
1,299
**1,299**
5,951
-
-
**5,951**
-
7374
**7,374**
5,733
**5,733**
4,900
-
-
**4,900**

-
-
**-**
-
-
**-**
-
-
-
**-**
4,512
-
-
**4,512**
2,858
-
-
**2,858**
2,410
-
**2,410**
2,410
-
**2,410**
7,826
**7,826**
5,197
-
-
**5,197**
-
-
**-**|| ||117,287
7,374
-
**124,661**|102,037
6,233
-
108,270| |||| ||117,483
7,374
-
**124,857**|102,286
6,233
-
108,519| Support costs have not been separately identified as the trustees consider there is only one charitable activity. Therefore support costs relate wholly to that activity and have not been separately identified. Page 6 **Springburn Church of Scotland Year ended 31 December 2023** **Appendix** ## **FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES** **----- Start of picture text -----**
2023 2022
£ £
CAPITAL ACCOUNT
Credit Balances held at 31 December at cost 309,606 -
Market Value of Balances at 31 December 314,000 -
REVENUE ACCOUNT
Credit Balances held at 31 December 7,018 -
TEMPORARY ACCOUNT
Credit Balance at 31 December - -
**----- End of picture text -----**
Page 7 ## **Springburn Church of Scotland Notes forming part of the financial statements for the year ended 31 December 2023** ## **7 Staff costs and numbers** |**Staff costs and numbers**|| |---|---| |Salaries and wages
Pension costs
Total
The average number of employees during the year was as follows:
Music staff
Grounds maintenance|**2023**
**2022**
**£**
**£**
7211
3,816
-
-| ||7,211
3,816| ||**2023**
**2022**
**Number**
**Number**
1
1
1
1| ||2
2| No employee had employee benefits in excess of £60,000 (2022 nil) All Church of Scotland congregations contribute to the National Stipend Fund which bears the costs 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. For the year under review, the minimum stipend was £28,700 and the maximum stipend (in the fifth and subsequent years) was £35,269. - **8 Trustee Remuneration and Related Party Transactions** During the year one trustee (the minister) received reimbursement of expenses incurred in respect of Council Tax and and travel and other expenses totalling £5243 (2020 £6084 No trustee or person related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year. During the year a total of £6050 was donated to the congregation by trustees. ## **9 Volunteers** In common with all congregations of the Church of Scotland the congregation benefits from the contribution made by volunteers who give their time and talents willingly for the benefit of the Church. The areas of congregational life which rely on the contribution of volunteers are many and varied and much of the activity would be unable to continue were it not for the commitment shown. ## **Springburn Church of Scotland Notes forming part of the financial statements for the year ended 31 December 2023** ## **10 Tangible Fixed Assets** |**Cost/valuation**
At 1 January 2023
Additions
Gain /(loss) on revaluation
Disposals
At 31 December 2023
**Accumulated Depreciation**
At 1 January 2023
Charge for year
Eliminated on Disposals
At 31 December 2023
**Net Book Value**
At 31 December 2023
At 31 December 2022
**Cost/valuation**
At 1 January 2022
Additions
Gain /(loss) on revaluation
Disposals
At 31 December 2022
**Accumulated Depreciation**
At 1 January 2022
Charge for year
Eliminated on Disposals
At 31 December 2022
**Net Book Value**
At 31 December 2022
At 31 December 2021|**Audio Visual**
**& Sound**
**Fixtures &**
**Manse**
**Equipment**
**Fittings**
**Total**
**£**
**£**
**£**
**£**
-
-
30,110
30,110
-
-
-
-
-
-
-
-
-
-
-
-| |---|---| ||-
-
30,110
30,110| ||-
-
23,658
23,658
-
-
2,410
2,410
-
-
-
-| ||-
-
26,068
26,068| ||-
-
4,042
4,042| ||-
-
6,452

6,452| ||-
-
30,110
30,110
-
-
-
-
-
-
-
-
-
-
-| ||-
-
30,110
30,110| ||-
-
21,248
21,248
-
-
2,410
2,410
-
-
-
-| ||-
-
23,658
23,658| ||-
-
6,452
6,452| ||-
-
8,862
8,862| ## **Springburn Church of Scotland Notes forming part of the financial statements for the year ended 31 December 2023** |**11**
**Investments**
**WIP**
Market value at 1 January
Purchased during the year
Sold during the year
Gain /(loss) on revaluation
Market value at 31 December
Investments at cost
Net gains/(losses) on disposal of investments
Sale proceeds
Market value at 1 January
Net realised gains/(losses) in year
The following investments are held:
Deposit Fund - General Purposes and Congregational Funds
Church of Scotland Investors Trust Income Fund
Church of Scotland Investors Trust Growth Fund
**12**
**Debtors**
Gift Aid Tax Refund Due
Prepayments and accrued income
**13**
**Creditors falling due within one year**
Taxation and Social security
Other creditors
**14**
**Creditors falling due after more than one year**
Loan from General Trustees
Less due within one year|**2023**
**2022**
**£**
**£**
29,661
91,287
-
-
-20005
(50,005)
1290
(11,621)| |---|---| ||10,946
29,661| ||16,789
50,645| ||(11,621)
(50,005)
29,661| ||-| ||1,008
2,018
2926
2,819
7113
24,824| ||11,047
29,661| ||**2023**
**2022**
**£**
**£**
0
3,957
0
-| ||-
3,957| ||**2023**
**2022**
**£**
**£**
21| ||-
21| ||**2023**
**2022**
**£**
**£**
-
-
-
-| ||-
-| ## **Springburn Church of Scotland Notes forming part of the financial statements for the year ended 31 December 2023** ## **15 Movement in Funds** |**Movement in Funds**||||||| |---|---|---|---|---|---|---| ||**At 1**|||**Gain/(Loss)**||**At 31**| ||**January**|**Incoming**|**Outgoing**|**on Manse/**||**December**| ||**2023**|**Resources**|**Resources **|**Investments**|**Transfers**|**2023**| ||**£**|**£**|**£**|**£**|**£**|**£**| |**Endowment funds**||||||| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| |**Restricted funds**||||||| |Flower Fund|4,930|380|(671)|-|-|4,639| |Foodbank Operation|3,699|8,040|(7,274)|||4,465| |Christian Education|1,662|||||1,662| |Wednesday Prayer Group|149|||||149| |Climate Challenge Fund|7,944|||||7,944| |Defibrillator Fund|130|||||130| |Parish Fund|1,987|-|(1,560)|-|-|427| |Fabric Fund|76,323|-|-|-|-|76,323| ||96,824|8,420|(9,505)|-|-|95,739| |**Unrestricted funds**||||||| |Analysis of Net Assets Among F|-|-|-|-|-|-| |||-|-|-|-|-| |Bequest Fund|22,791|-|-|-|-|22,791| |General Fund|(51,580)|82,655|(117,483)|||(86,408)| ||(28,789)|82,655|(117,483)|-|-|(63,617)| |||||||| |**Total funds**|68,035|91,075|(126,988)|-|-|32,122| |**_Analysis for Previous year_**|**At 1**|||**Gain/(Loss)**||**At 31**| ||**January**|**Incoming**|**Outgoing**|**on Manse/**||**December**| ||**2022**|**Resources**|**Resources **|**Investments**|**Transfers**|**2022**| ||**£**|**£**|**£**|**£**|**£**|**£**| |**Endowment funds**||||||| ||_-_|_-_|_-_|_-_|_-_|_-_| ||_-_|_-_|_-_|_-_|_-_|_-_| ||_-_|_-_|_-_|_-_|_-_|_-_| |**Restricted funds**||||||| |Flower Fund|4,884|346|(300)|-|-|4,930| |Foodbank Operation|9,332|100|(5,733)|||3,699| |Christian Education|1,662|||||1,662| |Wednesday Prayer Group|149|||||149| |Climate Challenge Fund|7,944|||||7,944| |Defibrillator Fund|330||-200|||130| |Parish Fund|1,987|-||-|-|1,987| |Fabric Fund|76,323|-|-|-|-|76,323| ||102,611|446|(6,233)|-|-|96,824| |**Unrestricted funds**||||||| |Analysis of Net Assets Among F|-|-|-|-|-|-| |WIP|-|-|-|-|-|-| |Bequest Fund|22,791|-|-|-|-|22,791| |General Fund|(40,222)|68,740|(83,584)|3,486|-|(51,580)| ||(17,431)|68,740|(83,584)|3,486|-|(28,790)| |||||||| |**Total funds**|85,180|69,186|(89,817)|3,486|-|68,034| **Springburn Church of Scotland Notes forming part of the financial statements for the year ended 31 December 2023** ## **15 Movement in Funds** ## **Purposes of Endowment Funds** _**The Smith Bequest:**_ Income is to be used to provide Sunday School teaching materials _**The Jones Legacy:**_ Income is to be used to meet Youth Development costs ## **Purposes of Restricted Funds** _**Flower Fund:**_ A fund to provide flowers for display within the church premises. _**Guild Fund:**_ The Trustees have set aside funds for use by the Guild Committee. _**Manse Fund:**_ **The** fund reflects the net book value of the manse _**Refurbishment Fund:**_ **E** stablished in 2015 to deal with major refurbishment of the Santuary ## **Purposes of Designated Funds** _**Fabric Fund:**_ A fund for the maintenance of the church properties. _**Youth Development Fund:**_ A fund to provide specific support for young people in the church and local community. _**Sunday School Fund:**_ The Trustees have set aside funds for use by the Sunday School. ## **16 Analysis of Net Assets Among Funds** |WIP|**General Designated**
**Restricted Endowment**
**Fund**
**Funds**
**Funds**
**Funds**
**Total**
**£**
**£**
**£**
**£**
**£**|**General Designated**
**Restricted Endowment**
**Fund**
**Funds**
**Funds**
**Funds**
**Total**
**£**
**£**
**£**
**£**
**£**| |---|---|---| |Fixed Assets
Investments
Current Assets
Current Liabilities|-
-
-
-|| |Liabilities over 1 year
**Net assets at 31 December 2023**|-
-
-
-|| ||-
-
-
-
-|| |WIP
**Previous year**
Fixed Assets
Investments
Current Assets
Current Liabilities
Liabilities over 1 year
**Net assets at 31 December**|**General Designated**
**Restricted Endowment**
**Fund**
**Funds**
**Funds**
**Funds**
**Total**
**£**
**£**
**£**
**£**
**£**
2,043
-
4,409
-
6,452
4,486
-
25,175
-
**29,661**
2,861
6,201
9,062
(21)
-
-
-
(21)
-
-
-
-
-
9,369
-
35,785
45,154|| |||45,154| ## **Springburn Church of Scotland Notes forming part of the financial statements for the year ended 31 December 2023** |**17**
**Collections for Third Parties**
Christian Aid
Lodging House Mission
Poppy Scotland
Glasgow Caring City (Ukraine)
Crossreach|**Paid**
**2023**
**2022**
**£**
**£**
263
-
280
-
219
-
672
-
70
-
-
-
-
-| |---|---| ||1,504
-| ## **Springburn Church of Scotland Balance Sheet as at 31 December 2023** |**Note**
**£**
**Fixed Assets:**
Tangible assets
10
Investments
11
**Total Fixed Assets**
**Current Assets**
Debtors
12
-
Cash at bank and in hand
11,373
**Total Current Assets**
11,373
**Liabilities**
Creditors falling due within
one year
13
**Net Current Liabilities**
**Assets less Current Liabilities**
Creditors falling due after
more than one year
14
**Net Assets**
**The funds of the charity:**
Endowment funds
Restricted income funds
Unrestricted income funds
**Total charity funds**
15|**Note**
**£**
**Fixed Assets:**
Tangible assets
10
Investments
11
**Total Fixed Assets**
**Current Assets**
Debtors
12
-
Cash at bank and in hand
11,373
**Total Current Assets**
11,373
**Liabilities**
Creditors falling due within
one year
13
**Net Current Liabilities**
**Assets less Current Liabilities**
Creditors falling due after
more than one year
14
**Net Assets**
**The funds of the charity:**
Endowment funds
Restricted income funds
Unrestricted income funds
**Total charity funds**
15|**2023**

**£**
**£**
**4,042**
**10946**
**14,988**
9,062
9,062
21
**11,373**
**26,361**
**26,361**
**-**
**97,490**
**(71,129)**
**26,361**|**2022**

**£**
6,452
**29,661**| |---|---|---|---| ||||36,113
9,041| ||11,373||| ||||| ||||45,154
-| ||||45,154| ||||-
96,824
(51,670)| ||||45,154| The accounts were approved by the trustees on 15 Nov 2023 and signed on their behalf by: **Session Clerk** **Treasurer** Page 14 Page 15 <**1*4XY•W