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. Page 1 ort of the TnLStees Recrniinxeni and Apptsinin*ttt of Elkn Elders Hre appoLDledbythe meJnbet5 of the Church ￿ CoJyegati4xd Jlleetingatd aterellM)I'alby the Se55X￿. Re8iStered Clwity n SC(K)5065 Pnncipai address S Woodview Drise ML6 9FU Tnistees Ollli.2 ?80a Si I'jllicllt Str¢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 Page 4 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 Page 5 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| Page 6 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| |---|---| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Page 7 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| |---|---| 8. FIXED ASSET INVESTMENTS ## 9. Page 8 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| Page 9 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 . Page 10 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 Page 11 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 Page 12