REGISTERED CHARITY NUMBER: SC005665
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2024
for
Airdrie Reformed Presyterian Church
McDougall Johnstone Limited 280a St Vincent Street Glasgow G2 5RL
Airdrie Reformed Presyterian Church
Contents of the Financial Statements for the Year Ended 31 December 2024
| Page | ||
|---|---|---|
| Report of the Trustees | 1 to | 2 |
| Independent Examiner's Report | 3 | |
| Statement of Financial Activities | 4 | |
| Balance Sheet | 5 | |
| Notes to the Financial Statements | 6 to | 10 |
| Detailed Statement of Financial Activities | 11 to | 12 |
Airdrie Reformed Presyterian Church
Report of the Trustees for the Year Ended 31 December 2024
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. 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
Charitable Purpose
To promote the advancement of religion and to bring relief to those in need whether that be from old age, infirmity, disability or other disadvantages.
Activities
During the year church services were held weekly and a weekly house visitation programme was carried out to housebound members. Financial and practical help was also given to meet the needs of other charities and also channel support to those in the community who from time to time need support either financially or by deployment of Human Resources. Friday night Kid's and Youth Clubs were held throughout the year. A Drop In Cafe is run during the winter months on Monday nights to provide meals to those in the community struggling with the cost of living crisis.
ACHIEVEMENTS AND PERFORMANCE
Achievements
As in previous years, much resources were deployed in work among the young people with various activities for those ages three through to young men and women in their twenties.
The importance of mission work plays a vital role in the mission of the church and young people from early teens and upwards are encouraged to participate in missions both at home and overseas.
FINANCIAL REVIEW
Trustee Remuneration
Salary totalling £29,548 (2023: £27,787) during the year was paid to Trustees.
Contributions by Trustees
During the year Trustees contributed £16,955 (2023: £12,627) to unrestricted Church funds.
Financial Review
The aim of the charity is not to have large sums of money in reserve but to spend the money wisely in promoting a sound based church ministry within the community. Coupled with this aim is the need to build up reserves for dealing with future maintenance of church buildings.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Session
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 note 1 to the accounts and comply with the charity's trust deed, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and 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 published on 16 July 2014. The Trustees have opted to prepare fully accrued accounts.
The Church is governed by Session made up of elders and the minister. Session is responsible for all organisational aspects of the work of the Church within the congregation, with the congregation being fully autonomous with regards to its finances and property. The congregation is responsible to its Session. The congregation is responsible to its witness of the church in the local community. The Session is responsible for the spiritual oversight of the congregation and for the entire care of the congregation.
Presbytery
Oversight of the Session and congregation is exercised by the Presbytery, which consists of the minister and elders of the Church and is responsible for directing the affairs of the Church in relation to its work and witness. The good order and discipline of the Church is governed by the Book of Church Government of the RPCS. The congregation is subject to the control of Presbytery. Presbytery has the responsibility of dealing with matters relating to the confession of faith in the Church, setting out in detail the order and government of the Church, and also dealing with the overall planning and strategy in the realms of finance and mission.
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Independent Examiner's Report to the Trustees of Airdrie Reformed Presyterian Church
Independent examiner's report to the trustees of Airdrie Reformed Presyterian Church
I report to the charity trustees on my examination of the accounts of Airdrie Reformed Presyterian Church (the Trust) for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
McDougall Johnstone Limited 280a St Vincent Street Glasgow G2 5RL
30 September 2025
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Airdrie Reformed Presyterian Church
Statement of Financial Activities for the Year Ended 31 December 2024
| 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 103,819 Investment income 2 24,652 Total 128,471 EXPENDITURE ON Charitable activities Charitable Activities 112,875 Governance Costs 1,300 Total 114,175 NET INCOME/(EXPENDITURE) 14,296 RECONCILIATION OF FUNDS Total funds brought forward 727,543 TOTAL FUNDS CARRIED FORWARD 741,839 |
2023 Total funds £ 94,526 25,148 119,674 123,866 1,111 124,977 (5,303) 732,846 727,543 |
|---|---|
The notes form part of these financial statements
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Airdrie Reformed Presyterian Church
Balance Sheet
31 December 2024
| Notes FIXED ASSETS Tangible assets 7 Investments 8 CURRENT ASSETS Debtors 9 Cash at bank CREDITORS Amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 11 NET ASSETS FUNDS Unrestricted funds 12 TOTAL FUNDS |
2024 Unrestricted fund £ 662,640 443 663,083 19,962 72,219 92,181 (1,300) 90,881 753,964 (12,125) 741,839 741,839 741,839 |
2023 Total funds £ 667,454 443 667,897 12,067 60,719 72,786 (1,140) 71,646 739,543 (12,000) 727,543 727,543 727,543 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 30 September 2025 and were signed on its behalf by:
Trustee
The notes form part of these financial statements
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Airdrie Reformed Presyterian Church
Notes to the Financial Statements for the Year Ended 31 December 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
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 a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Fixtures and fittings | - 25% on reducing balance |
|---|---|
| Motor vehicles | - 25% on reducing balance |
| Computer equipment | - 25% on reducing balance |
Taxation
The charity is exempt from tax on its charitable activities.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| Rents received Interest receivable |
2024 £ 24,649 3 24,652 |
2023 £ 25,148 - |
| 25,148 |
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Airdrie Reformed Presyterian Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
3. AUDITORS' REMUNERATION
| AUDITORS'REMUNERATION | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Fees payable to the charity's auditors for the audit of the charity's financial statements | 1,300 | 1,111 |
4. TRUSTEES' REMUNERATION AND BENEFITS
Salary totalling £29,548 (2023: £27,787) during the year was paid to Trustees.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
5. STAFF COSTS
| Wages and salaries Other pension costs The average monthly number of employees during the year was as follows: Total Staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Charitable activities Charitable Activities Governance Costs Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2024 2023 £ £ 40,718 38,542 2,955 2,834 43,673 41,376 2024 2023 3 3 Unrestricted fund £ 94,526 25,148 119,674 123,866 1,111 124,977 (5,303) 732,846 727,543 |
|---|---|
- COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
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Airdrie Reformed Presyterian Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
7. TANGIBLE FIXED ASSETS
| Fixtures Freehold property and fittings £ £ COST At 1 January 2024 and 31 December 2024 648,200 39,909 DEPRECIATION At 1 January 2024 - 21,220 Charge for year - 4,672 At 31 December 2024 - 25,892 NET BOOK VALUE At 31 December 2024 648,200 14,017 At 31 December 2023 648,200 18,689 FIXED ASSET INVESTMENTS MARKET VALUE At 1 January 2024 and 31 December 2024 NET BOOK VALUE At 31 December 2024 At 31 December 2023 There were no investment assets outside the UK. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors |
Motor vehicles Computer equipment Totals £ £ £ 1,500 9,547 699,156 1,229 9,253 31,702 68 74 4,814 1,297 9,327 36,516 203 220 662,640 271 294 667,454 Unlisted investments £ 443 443 443 2024 2023 £ £ 19,962 12,067 |
|---|---|
- FIXED ASSET INVESTMENTS
9.
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Airdrie Reformed Presyterian Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Other creditors | 1,300 | 1,140 | ||
| 11. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Other creditors | 12,125 | 12,000 | ||
| 12. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.1.24 | in funds | 31.12.24 | ||
| £ | £ | £ | ||
| Unrestrictedfunds | ||||
| General fund | 727,543 | 14,296 | 741,839 | |
| TOTAL FUNDS | 727,543 | 14,296 | 741,839 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestrictedfunds | ||||
| General fund | 128,471 | (114,175) | 14,296 | |
| TOTAL FUNDS | 128,471 | (114,175) | 14,296 | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1.1.23 | in funds | 31.12.23 | ||
| £ | £ | £ | ||
| Unrestrictedfunds | ||||
| General fund | 732,846 | (5,303) | 727,543 | |
| TOTAL FUNDS | 732,846 | (5,303) | 727,543 |
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Airdrie Reformed Presyterian Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
12. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestrictedfunds | |||
| General fund | 119,674 | (124,977) | (5,303) |
| TOTAL FUNDS | 119,674 | (124,977) | (5,303) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.23 | in funds | 31.12.24 | |
| £ | £ | £ | |
| Unrestrictedfunds | |||
| General fund | 732,846 | 8,993 | 741,839 |
| TOTAL FUNDS | 732,846 | 8,993 | 741,839 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestrictedfunds | |||
| General fund | 248,145 | (239,152) | 8,993 |
| TOTAL FUNDS | 248,145 | (239,152) | 8,993 |
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024 .
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Airdrie Reformed Presyterian Church
Detailed Statement of Financial Activities for the Year Ended 31 December 2024
| Detailed Statement of Financial Activities for the Year Ended 31 December 2024 |
||
|---|---|---|
| INCOME AND ENDOWMENTS Donations and legacies Offerings Donations Gift aid Christian Giving Fund Investment income Rents received Interest receivable Total incoming resources EXPENDITURE Charitable activities Wages Pensions Minister Expenses Manse Expenses Website costs Church Hall Insurance Light and heat Telephone & Postage Photocopying Outreach Sundries Books & Stationery Wishaw RPC Maintenance Admin Salary Cont. Office Supplies Maintenance & Fabrics Flowers, Gifts, etc. Travel Expenses Christian Mission Costs Holiday Bible Club Hospitality Wishaw RPC Utilities & Phone Sermon Audio Fixtures and fittings Motor vehicles Computer equipment Organisational Support Presbytery Support Pulpit Supply Carried forward |
2024 £ 67,856 7,656 24,621 3,686 103,819 24,649 3 24,652 128,471 40,718 2,955 - 4,772 297 2,400 5,989 991 167 1,696 125 575 8,168 12,738 753 4,166 13 315 2,500 27 1,066 5,705 1,074 4,672 68 74 5,220 3,705 1,178 112,127 |
2023 £ 68,055 7,423 15,317 3,731 |
| 94,526 25,148 - |
||
| 25,148 | ||
| 119,674 38,542 2,834 205 5,294 1,785 2,429 5,113 856 1,898 1,230 155 212 6,319 12,683 1,354 7,873 135 - - 368 727 4,838 457 6,230 90 98 12,190 5,552 1,111 120,578 |
This page does not form part of the statutory financial statements
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Airdrie Reformed Presyterian Church
Detailed Statement of Financial Activities for the Year Ended 31 December 2024
| Charitable activities Brought forward Presbytery for Church Support Support costs Finance Bank charges Governance costs Auditors' remuneration Total resources expended Net income/(expenditure) |
2024 £ 112,127 - 112,127 748 1,300 114,175 14,296 |
2023 £ 120,578 2,520 123,098 768 1,111 124,977 (5,303) |
|---|---|---|
This page does not form part of the statutory financial statements
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