St George's Tron Church of Scotland Report and Accounts for the year ended 31 December 2024 Congregation No: 161007 Charity No: SC004931
St George's Tron Church of Scotland Trustees. Report for the year ended 31 December 2024 The trustees present their annual report and financial statements of the charity for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in the accounts and comply with the General Assembly Regulations for Congregational Finance, the Charities and Trustee Investment (Scotlandl Act 2005, the Charities Accounts (Scotlandl Regulations 2006 la5 amendedl and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordancewith the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102 published on 16 July 20141. Objectives and Activities The Church of Scotland is Trinitarian in doctrine, Reformed in tradition and Presbyterian in polity. It exi5t5 to glorify God and to work for the advancement of Christ's Kingdom throughout the world. As a national Church, it acknowledges a distinctive call and duty to bring the ordinances of religion to the people in every parish of Scotland through a territorial ministry. It co-operates with other Churches in various ecumenical bodies in Scotland and beyond. It exists to glorfy God and to work for the advancement of Christ'5 Kingdom. Achievements and Performance The mission of St George's Tron is to proclaim and demonstrate the historic, orthodox Christian message as revealed in Scripture, undertaken through regular services, outreach work, training and discipleship. In May 2024, the former churches of St George's Tron and Wallacewell successfully joined together in a formal union to form a new congregation, St George's Tron. Dlscussions with Glasgow Presbytery continued throughout 2024 in pursuit of the fulfilment of the objectives of the Church of Scotland's Presbytery Mission Planning process. In consequence of this, St George's Tron united with the former New Charge Development congregation of Wallacewell, located in East Barlornock in Glasgow. Whilst this congregation had not achieved sufficient strength or numbers since being created as a new charge in 2012, nonetheless the Church of Scotland was keen to ensure that the good work done there should not he10st, thus it was agreed that it would become a Local Mission Church of St George's Tron. By this legal mechanism, all of the assets of Wallacewell were transferred to St George's Tron, which now takes responsiblity for, and oversight of, that congregation. Thi5 partnership is already proving to be fruitful and a blessing to both congregations and we trust and pray that that it will be still more fruitful yet. A further consequence of the Presbytery Mission Plan discussed over the course of the year with respect to St George's Tron was to form a linkage between St Rollox Church of Scotland , located in Sighthill. Whilst a process of negotiation and agreement to this end took place , the artual linkage would not take effect until 2025. Page I
St George's Tron Church of Scotland Trustees, Report for the year ended 31 December 2024 Over the course of 2024. St George's Tron was identified as a likely base for a new pilot training scheme of the Church of Scotland, whereby a new 'Apprenticeship Route, into training for ministry would be established. Again, whilst significant discussions ans plans took place in 2024, the pilot scheme itself was not schedL¢led to commence until autumn 2025. Given that a number of babies and small children had been born to members of the congregation, work was undertaken to make a creche facility available during Sunday worship services. This required a Significant process of recruitment, includin8 drawing up of volunteer job descriptions, interviews and PVG membership of those involved. This wasa lengthy proces5, but finally resulted in making this provision possible by the end of the year. Over the course of the year, two congregational members professed faith , one of whom was baptised . Both were admitted membership of the Church of Scotland within St George's Tron. Over the course of 2024, the worship and discipleship of the congregation continued to develop through regular worship services and a series of small group activities, inclLJding an Alpha course, designed as an evangalistic outreach programme . A number of other events and activities took place designed to stimulate the faith and spiritual life of the congregation, including a congregational weekend away in March, which once again proved to be a most valuable occasion for strengthening relationships as well as for deepening faith and Christian discipleship. In 2024, the Kirk Session was able to turn its attention to longer-term management issues and, to that end resolved to measure more accurately the significant energy expendiutre within the building, with a view to identifying savings which might be made. Since a significant part of the weekly energy consumption derives from the presence of the popular and busy cafe which operates Wlthin the sanctuary, it would be important to identify costs associated with that, other those generated by church activities. To that end a smart energy management system, known by its acronym SMAPEE, was installed and data began to be collected to determine where, when and how energy savings might be made from both an environmental and budgetary perspective. In addition , the Kirk Session treated an Energy Fund with a view to identifying energy saving measures which might be taken both to reduce costs, improve energy efficiency, and to contribute to reducin8 our carbon footprint. Financial Review The principal sources of income are weekly offerings and direct giving via bankers, orders. There is also rental income of over £52,234 which has increased by over 50% from 2023 . The overall income has Increased by £157,000 due to £120,201 from Wallacewell and £31,738 for energy fund donations . There were also an additional E15,881 from Tax recovered from Gift aid. The overall surplus for the year of £126,11612023 deficit £10,915) as shown in the Statement of Financial Activities. The main factor was the significant increase in Giving to Grow of over £17,000. Page 2
St George's Tron Church of Scotland Trustees. Report for the year ended 31 December 2024 Investment Pollcy and Performance The unrestricted reserves at the end of the year amounted to £554,887 including £22,557 held in the Fabric Fund. In view of the very high energy c05ts, increased conEreEational levy and legary of the covid pandemic, the level of reserves wil be reassessed as steps are taken to rebijlld the congregation. Rlsk Management The Trustees regularly review and identlfy the major risks to which the charity is exposed. In 2024, the greatest risk wa5 financial, with increasing contributions required from the Church of Scotland towards the support of local and national ministry costs. The Giving to Grow scheme gather5 income from congregations across the Church of Scotland in order to fund the local ministry provided to parish churches, as well as to finance the central operations of the church and its other activities. In view of the increased cost of living, the scale of contribution each year inevitably rises and it can prove challenging to meet these demands . In the course of 2024, the financial and property assets of Wallacewell Church were added to those of St George's Tron, at the point where the former congregation became a Local Mission Church. Thi5 in some ways eased the financial burden temporarily, but since all assets are finite, and the levy required of two congregations working as one will inevitably increase over succeedinE years, the Kirk Session is monitoring the situation closely i conscious that it cannot sustain an ever-increasing demand indefinitely. Reserves Policv The charity trustees have considered the reserves required and have taken into account their current and future liabilities. It is the Trustees, policy to hold reserves of approximately 6 months expenditure including designated funds. At the year end the church held unrestricted funds of £554,887 of which £22,557 had been designated for fabric fund and £375,015 Asset Fund.The remaining balance of £157,315 represents about 12 months expenditure Structure, Governance and Management The congregation is a registered charity, number SC004931 and is administered in accordance with the terms of the Deed of Constitution Iunitary Forml and is subject to the Acts and Regulations of the General Assembly of the Church of Scotland. Members of the Kirk Session are the charity trustees. The Kirk Session members are the elders of the church and are chosen from those members of the church who are considered to have the appropriate gifts and skills. The minister, who is a member of the Kirk 5e5sion, is elected by the congregation and inducted by Presbytery. Page 3
St George's Tron Church of Scotland Trustees, Report for the year ended 31 December 2024 The Kirk Session of which the Minister is the Moderator, meets monthly or as required. All routine responsiblities are overseen by the Kirk Session including all matters pertaining to Finance and to Fabric as well as the spiritual oversight of the congregation, according to the term5 and provisions of the Unitary Constitution of the Church of Scotland. Page 4
St George's Tron Church of Scotland Trustees. Report for tha year onded 31 December 2024 Reference and Adrninistratlve Information Charity No.. Congregatlon No: SC004931 161007 Trustees Principal Office bearers Minister: Sesslon Clerk.. Church Treasurer- Principal Office The church Office 163 Buchanan Street Glasgow Gl 2JX Independent Examlner Bankers Clydesdale Ban1( 30 St Vincent Street GlasgowGI 2HL Lloyds TSB 180 West George Street Glasgow G2 2NR Page 5
St George's Tron Church of Scotland Trustees, Report for the year ended 31 December 2024 Trustees, Re5pon5ibilities in Relation to the Financial Statements The charity trustee5 are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standard5 (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in Scotland require5 the charity tru5tee5 to prepare financial statements for each year which show a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to.. select suitable accounting policies and then apply them conslstentlv- observe the method and principles in the applicable Charities SORP; make judgements and estimate5 that are reasonable and prudent,. state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures dlsclosed and explained In the financial statements; prepare the financial Statements on the going concern basis unless il is inappropriate to presume that the charity wlll continue in operational existence. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial Statements comply with the Charities and Trustee Investment Iscotlandl Act 2005 and the Charities Accounls (Scotlandl Regulations 2006 las amendedl. They are a150 responsible for safeguarding the assets of the charity and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information on the congregatlon's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Approved by the Trustees on 2* li12£ and signed on their behalf. . Sesslon Cletlr Page 6
St George's Tron Church of Scotland for the year ended 31 December 2024 Independent Examiner's Report to the Trustees of St George's Tron Church I report of on the accounts of the charity for the year ended 31 December 2024 which are set out on pages 7t021. Respective responslblllties of trustees and examiner The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts Iscotlandl Regulations 2006 las amended). The charity trustees consider that the audit requirement of Regulation 10111 lal to Icl of the Accounts Regulation5 does not apply. It is my responsibility to examlne the accounts as required under section 4411) Icl of the Act and to state whether particular matters have come to My attention. Basls of independent examiner's Statement My examination is carried out in accordance with Regulation 11 of the Charities Accounts Iscotlandl Regulations 2006 las amendedl. An examination includes a review of the accounting records 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 concernin8 any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent examiner's statement In the course of my examination , no matter h35 come to my attenlion lother than disclosed below I which gives me reasonable cause to believe that in any material re5pecl the requirements.. to keep accounting records in actordance with Section 44111 (al of the 2005 Act and Regulation 4 of the 21X)6 Accounts Regulations las amended), and to prepaie accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations las amended) have not been met, or 2. to which, in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. Name: Address.. Date Lo£¥ Page 7
St George's Tron Church of Scotland Statement of Financial Activities for the year ended 31 December 2024 Unrestricted Funds 2024 Restricted Endowment Funds Ftsnds 2024 Unrestrirted Funds 2023 Rèstricted Endowment Funds Funds 2023 Total Total 2023 Note 2024 2024 2023 Income and endowments from: Donations & legacies Charitable activities Other trading activities Investment Income Other 221,757 52,334 2,600 224,357 52,334 38,099 33,465 2,600 40,699 33,465 244 48,316 120,125 244 48,316 122,725 500 274,590 500 Totsl income 2,600 277,190 2,600 Expenditure on: Raising funds Charitable activities Total expenditure 148,607 148,607 1,968 1,968 150,575 150,575 130,136 130,136 3,504 3,504 133,639 133,639 Net income/lexpenditurel before gains &10sse5 on investments Net gains/llos5esl on investments Net income/(expenditurel 125,984 632 126,616 iio,oiii 19041 110,9151 125,984 632 126.616 iio,oiii 19041 110,9151 Transfers between Funds Gain/lloss} on revaluation of fixed assets Net movement in funds 125,984 632 126,616 iio,oiii 19041 110.9151 Reconciliation of funds: Total funds brought forward Total funds carried forward 428,903 554,887 14361 196 428,467 555,083 438,914 428,903 468 14361 439,382 428,467 15 Page 8
St George's Tron Church of Scotland Balance Sheet a5 at 31 December 2024 2024 2023 Note Flxed Assets: Tangible assets Investments Total Fixed Assets io li 384,516 390,359 384,516 390,3S9 Current Assets Debtors Cash at bank and in hand Total Current Assets 12 170,567 170,567 38,108 38,108 Llabllltles Creditors falling due within oneyear Net Current Assets 13 170,567 38,108 Assets less Current Liabilities 555,083 428,467 Creditors falling due after more than one year Net Assets 14 555,083 428.467 The funds of the charlty: Endowment funds Restricted income funds Unrestricted income funds 196 554,887 14361 428,903 428,467 Total charityfunds 15 555,083 The accounts were approved by the trustees on 241112S and signed on their behalf by.. Sesslon Clerk Treasurer Page 9
St George's Tron Church of Scotland Year ended 31 December 2024 Accounting Policies The principal accounting policies, whith 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 IFRS 1021 leffective l January 20151, the Financial ReportinE Standard applicable in the UK and Republic of Ireland IFR51021, the Charities and Trustee Snvestment (Scotlandl Act 2005 and the Charities Accounts (Scotlandl Regulations 2006 las amended). The Charity meets the definition of a public benefit entity under FRS 102. Fund accountlng 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 treated 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 pvrpose, 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 itemlsl 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 deposlt 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 servlces and donated facilities are recognised as income on the basi5 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 marlcet; a corresponding amount is then recognised as expenditure in the period of receipt. In accordance with the Charities SORP IFR51021 the 8eneral volunteer time of congregation members is not recoEnised. PaEe 10
St George's Tron Church of Scotland Year ended 31 December 2024 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. Flxed 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. ExpenditLJre 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 £2,000 having a value to the charity greater than one year. other than those acquired for specific purposes, are capitalised. Depreciation is provided on a straight-line basls to write off the cost or initial value, less residual value, of tangible fixed 355ets over their estimated useful lives. Audio visual and sound equipment 20 % reducing balance Fixtures and fittings 20 % reducing balance 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 gairbs 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 St George's Tron 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 11
st George's Tron Church of Scotland Notes fomiing part of the financial statements for the year ended 31 December 2024 Unrestricted Restricted Endowment Fund5 Fund5 Unrestricted Funds Restricted Endowment Funds Funds Funds 2024 Total Total 2023 2024 2024 2024 2023 2023 2023 l Donations and Legacies Offerings Tax Recovered on Gift Aid Energy Fund Donations Donations Donation of assets from Wallacewell church 40,823 23,286 31,738 5.709 120,201 221,757 40,823 23,286 31,738 8,309 120,201 224,357 27,985 7.405 27,985 7,405 2,600 2,710 2,600 5,310 2,600 38,099 2,600 40,699 2 Income from Charitable artivities Hall lets Weddings and funerals Fundraising activities 52.234 loo 52,234 loo 33,201 33,201 264 33,465 264 33,465 52,334 52,334 3 Income from other trading activitie5 4 Investment income Dividends received Deposit interest 2214 244 244 244 5 Other Income Grants General Trustees-Draw down Social events 500 500 3,927 44,390 3,927 44,390 500 500 48,316 48,316 Page 12
St George's Tron Church of Scotland Notes fomiing part ofthe financial staternents for the year ended 31 December 2024 Unrestricted Funds 2024 Restricted Endowment Funds Funds 2024 2024 Unrestricted Funds Restrirted Endowment Total Funds 2023 Funds Total 2023 2024 2023 2023 6 Analysis of Expenditure Raising Funds Investment Managers Fees Charitable Activities Giving to Grow /Ministries & Mission Presbytery Dues Minister's Expenses Pulpit supply Council Tax Telephone,Postage and Telephone Printing Other Salary Costs Fabric Repairs & Maintenance Water & Insurance Heating and lighting Equipment Manse Cleaning and Caretaking Cafe and catering Outreach and Entertainment ITand Software Church Officer Payroll services Independent Examiner Depreciation Other expenses 39,712 4,392 1,323 550 2,631 1,062 390 1,404 25,955 12,975 40,007 425 235 1.603 130 1,621 4,754 80 39,712 4,392 1,323 550 2,631 1,062 390 3,372 25,955 12,975 40,007 425 235 1,603 130 1,621 4.754 80 22,780 1,080 623 930 2,571 300 556 22,780 1,080 623 930 2.571 300 556 3,504 33,064 16,111 27,869 2,136 261 5,710 609 2,312 4,534 705 1,968 3,504 33,064 16,111 27,869 2,136 261 5,710 609 2,312 4,534 705 5,843 1,072 5,843 1,072 7,304 681 7,304 681 Page 13
St George's Tron Church of Scotland Notes forming part of the financial statements for the year endgd 31 December 2024 148,607 1,968 150,575 130,136 3.504 133,639 Total 148,607 1,968 150,575 130,136 3,504 133,639 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 14
St George's Tron Church of Scotland Notes forming part of the financial statements for the year ended 31 December 2024 staff costs and numbers 2024 2023 Salaries and wages Social security costs Pension costs Total 3,372 3,504 3,372 3,504 The average number of employees during the year was as follows= 2024 Number 2023 Number Administration Music staff Premises maintenance (Note.. overogefull time equivolent number can be given in addAtion to but not instead of the headcount number) No employee had employee benefits in excess of £60,00012023 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 £31,642 and the maximum stipend lin the fifth and subsequent years) was £38,884.
St George's Tron Church of Scotland Notss forming part of the financial statements for the year ended 31 December 2024 Trustee Remuneration and Related Party Transartions During the year one trustee (the minister) received reimbursement of expenses incurred in respect of Council Tax, travel and other expenses totalling £3,954. 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 £46,731 was donated to the congregation by trustees. This included £20,181 for offerings and £26,550 towards the energy fund 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.
St George's Tron Church of Scotland Notes forming part of the financial statements for the year ended 31 December 2024 10 Tangible Fixed Assets Audio & Flxtures & Manse Isual Fittings Total Cost/valuation At l January 2024 Additions Gain1110s51 on revaluation Disposals At 31 December 2024 361,143 14,414 175,053 550,610 361,143 14,414 175,053 550,610 Accumulated Depreciation At l January 2024 Charge for year Eliminated on Disposals At 31 December 2024 7,162 153,089 1,450 4,393 160,251 5,843 8,612 157,482 166,094 Net Bookvalue At 31 December 2024 361,143 5,802 17,571 384,516 At 31 December 2023 361,143 21,964 390,359 Costlvaluation At l January 2023 Additions 361.143 175,053 536,196
St George's Tron Church of Scotland Notes forming part of the financial statements for the year ended 31 December 2024 Gain /llossl on revaluation Disposals At 31 December 2023 361,143 175,053 536,196 Accumulated Depreciation At ljanuary 2023 Charge for year Eliminated on Disposa15 At 31 December 2023 5,349 147,598 1,813 5,491 152,947 7,304 7,162 153.089 160,251 Net Book Value At 31 December 2023 361,143 21,964 375,945 At 31 December 2022 361,143 27,455 383,249
St George's Tron Church of Scotland Notes forming part of the financial ststements for the year ended 31 December 2024 11 Investments 2024 2023 Market value at l January Purchased during the year Sold during the year Gain /llossl on revaluation Market value at 31 December Investments at cost Net gains/llosses1 on disposal of investments Sale proceeds Market value at l January Net realised gainslllossesl in year The following investments are held: Church of Scotland Investors Trust Income Fund Church of Scotland Investor5 Trust Growth Fund include investments with C of S Investors Trust Gmwth und Income Funds us al)ove. 12 Debtors 2024 2023 Gift Aid Tax Refund Due
St George's Tron Church of Scotland Notes forming part of the financial statements for the year ended 31 December 2024 13 Creditors falling due within one year 2024 2023 Accruals Loan from General Trustees 14 Creditors falling due after more than one year 2024 2023 Loan from General Trustees Less due within one year
St George's Tron Church of Scotland Notes forming part of the financial statements for the year ended 31 December 2024 15 Movement in Funds Ati At31 January Incomrng Outgolng GainlLoss 2024 Resources Resources Investments December 2024 Transfers Endowment funds None Restrirted funds Kirk Session Benov Fund Flower Fund Mission Fund Job Club Minister's PA Equipment Fund Development Fund Outreach Specia5 Collections Sunday School 173 447 173 447 757 1,962 142 757 1,962 774 2,600 11,9681 727 15,8051 245 753 163 14361 727 15,8051 245 753 163 196 2,600 11,9681 Unrestrirted funds General Fund Desi8nated Funds- Events 7,054 242,852 1116,8691 133.038 14,3161 22,557 12,5601 31,153 375,015 14,3161 22,557 12,5601 31,153 375,015 Fabric Fund Artist Fund Reserve Fund Asset Fund
St George's Tron Church of Scotland Notes forming part of the financial statements for the year ended 31 December 2024 Energy Fund 31,738 131,7381 274,590 1148,6071 428,903 554,887 Total funds 428,467 277,190 1150,5751 555,083 Analysisfor Previous year Ati At31 Detember 2023 January Incoming Outgolng GainlLoss 2023 Resourcès Resources Investments Transfers Endowmentfunds None Restricted funds Kirk Session Benov Fund Flower Fund Mission Fund Job Club Minister's PA Equipment Fund Development Fund Outreach Special Collections Refurbishment Fund 173 447 173 447 757 1,962 142 727 (5,805) 245 753 163 (436) 757 1,962 1,046 727 (5,805) 245 753 163 468 2,600 (3,504J 2,600 (3,504) Unrestricted funds General Fund Designated Funds.. Events 17,065 120,125 (130,136) 7,054 (4,316J (4.316)
St George's Tron Church of Scotland Notes forming part of the financial ststements for the year ended 31 December 2024 Fabric Fund Artist Fund Reserve Fund Asset Fund 22,557 (2,560J 31,153 375,015 22,557 (2,560J 31,153 375,OlS 438,914 120.125 (130,136) 428,903 Totsl funds 439,382 122, 725 (133,640) 428,467
St George's Tron Church of Scotland Notes forming part of the fjnancial ststements for the year ended 31 December 2024 15 Movement in Funds Pur oses of Restricted Funds Flower Fund.. A fund to provide flowers for display within the church premise5. Mission Fund.. The Trustees have received funds to be used for Mission work. Outreach Fund: A fund to assist with the development and promotion of the church within the community. Development Fund: goodwill donation to assist in development of new congregation. Job Club.. Grant funding from Cinnamon network to resource job club in partnership with Christians against Poverty ICAPI Pur ose5 of Desi nated Funds Fabric Fund.. represents funds for the maintenance of the churth properties. (Also include purpose5 of Endowment Funds if upplicoblej Artist Fund: funding to resource a 3 year"g05pel sketchbook" projert. Reserve Fund: represents funds set aside for extraordinary unbudgeted expenditure. Designated Asset Fund". represents part of the book value of Church's assets which would not be readily convertible into cash. 16 Analysis of Net Assets Among Funds General Designèted Fund Funds Endowment Funds Total Fixed Assets Investments Current Assets 384,516 384,516 170,567 170,567
St George's Tron Church of Scotland Notes forming part of the financial statements for the year ended 31 December 2024 Current Liabilities Liabilities over l year Net assets at 31 December 2024 555,083 555,083 Previous year Gèneral Designated Fund Funds Endowment Funds Total Fixed Assets Investments Current Assets Current Liabilities Liabilities over l year Net assets at 31 December 2023 390,359 390,359 38,108 38,108 428,467 428,467
St George's Tron Church of Scotland Notes forming part of the financial statements for the year ended 31 December 2024 17 Collertions for Third Parties 2024 2023 18 Wallacewell balance sheet The wallacewell assets at the date of the union comprised net assets of £119,055 as set out below. Period to 211612024 Asat.. Incoming Outgoing Adust to 0110112024 Resources Resources Accruals Asat: June'2024 Current Assets 120,442 13,697 13,497 120,642 Current Liabilities 441 441 120,442 13,697 13,497 441 120,201 19 Contingent Liabilities At 31 December 2011, the Church was due to pay £636,737 in respect of repayment of loans
St George's Tron Church of Scotland Notes forming part of the financial ststements for the year ended 31 December 2024 from the Church of Scotland General Trustees, comprising capital of £600,000 and interest of £36,737 and £397,433 in respect of Ministries and Mission contributions to the unincorporated Councils and Committee5 of the Church of Scotland. During 2012 £75,000 of loan capital was repaid and a further sum of £62,854 was added to the amount due in respect of Ministries and Mission.Both bodies have indicated that they will not seek to recover amounts due from the charity or its current trustees except in the case of dissolution of the charity or sale of the church buildings which are vested with the General Trustees. Accordingly no liabilities were incorporated in the 2011 accounts and the same approach has been adopted in 2024. Should recovery be sought in respect of the loan it would include outstanding interest which continues to accumulate though no charge is shown in the 2024 accounts in respect thereof.
St George's Tron Church of Scotland Year ended 31 December 2024 Appendix FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES 2024 2023 CAPITAL ACCOUNT Credit Balances held at 31 December at cost 55,489 41,071 Market Value of Balances at 31 December REVENUE ACCOUNT Credit Balances held at 31 December TEMPORARY ACCOUNT Credit Balance at 31 December Page 28