Kolvlnslde Hillhead Parlsh Church of Scotland, Glasgow Report and Accounts for the year ended 31 Decombor 2024 Con9r•gatlon No: 160958 Charrty No: 8CW629
Kelvinsid• Hillhoad Parish Church of Scolland, Glasgow Trustees. Report lor the year ended 31 December 2024 The trustees Pfesent their annual Yeport and financMI statsrnts of the thaTity for the year ended 31 December 2024. The financial ststements h•¥e been prepared in acvxdance wrth the accounting polic1•5 set out in the •ccounts and comply with the Genernl Assernbty Regulats"ons for Congregational Finance, the Charits'es and Trustee Investment (Scotlandl Art 2LX15. the Charities Accounts Iscottandl Regulations 2C(16 {as amendtdl and A¢eountsnq and Rewting by Charities.. Ststement olReo)mmended Prnctlce to crrt prepariw their accounts in xcordaro¢e the Financial Reportinq Stsndard applicable in the UK and Republ1£ of Ireland IFKS 1021 as amended for Kt(wntin8 perK>ds commencin8 from l January 2019. ObJertlv•s and Actlwitles The Church of kotland ts Trlnltsrkn In doctrlne, Refornied in tradIts. and Pftsbyterlan In polity. It exlsts to glorify God to ¥York kn th¢ advancement of Chrisvs Kingdom th1olt the wNld. As a national Church, it acknowledges a distinctive call and dutyto briw the Ofdinancès of rel4ion to the people in every pJrish of Scotland through a territonal ministry. It C4>0perates wilh other Churches in various ecumenical bodi•$ in Scotland 4nd bend. Kelvinsid• Hlllh•ad, in on architeLtrr•lly l¥kIl which datss from 1876, Is a Parish Church rlgbt at the heart of the Wert End of Glasg¢x¥. dose tothe Botsnk Gardens afid near the north énd of busy. MOpOlItn eyrns Road. It Is readily ressible by Public tr•nsport. A¢hle¥ernfits afid P•rfofMan¢è In pursuiw its obl•cthM oloffer1 a vmm wekome to all and provlding opportunutles for wor5hlp and prayer, U(atIOn and outreath, vith pasloral ore at the heèrt of much of it¥ artivity. the wcrfk of the church remjined buoy¥nt throughout 2024 Slnce the stsrt of the New Mlsslon Inltlative In September 2023, led b Trinity College, University of Glasgo and theologHns and splrltual ad¥tsers. and more recently Church of Scotland L¢xum coryregation hos and developed inw4ys vftll beyond eyptttslS0n. Principle of h• During 2024 the ¢ongre8atlon ha$ seen • rtrbirthlni of its mission and crttheach and aTh empanded use of the church bulldtys ln eKltlni and lffla8in4ti¥eways, thereby J.1 and htxn* in the West End of Glasgow. There has been • m•rked in¢rease in the number of people woY5h>ppinK with s•veral m•mber5 forrnaltyjoinin8 the con8regatioTr. attracted by the qualityof leadership. th8 Ta• of interestin8 and stimulatini cour5•s and the intrOductTr of ? cz)ntempoTary styleof wothip and rnusio We continue with our community irNolvement wheroby church •ccomcthtion is used by a variety of groups: youth organisations, anonyrnous 8roups battling adrfKtion, sports and dancin8 activities, thoiis, Norweglarb and ewman chuT¢h. nurserles. art ¢row. MUSI1. film and theatrical presentation. Pa8e I
Kelvinsido Hillh•ad Parish Church of Scotland, Glaggow Trustees. R?port for th year ended 31 December 2024 ThrouÉhout 2024 we cantinued to sUPpt our charities- Chdstlan Ald intematlDnal Appeal5. G$BOW Lodging House Mission. Gllszow Women's Aid. and Poppy Scottand. The thurch ol Conne$ Its cost ctstting exerclse throughoutthe rationalisatn of its built envir¢)nfnent. Kelvinsid• Hillhead remalns ès a member of The West End Cluster which is cornprised of Kelvinside Hillhead. Kelvin West (created by the union of Wollin8kn ahd Kélvlnbrld8el and Partick Trlnlty. rem•inirrfd as a Cètegory b buildiw while currentft subject toatbhual revlew untll December 2025 vthen decision on its fLrtur as part of the New Prnsbytsryof Glasgow Mlssion Plan will be finalised. It should be rboted that durin8 the course of the yeai. Pr¢sbyery exercised its SUpeiS0ry function as part of the Designated RlOuS Charity of the Church ol ScotlaTrd wrth è vlew to a55unng compliance with pro¢eJses and Improvlng prnctices. Flnanclal Revlew The detailed accounts lor th• year •nd•d 31st Decernber 2024 are on pages 8-20. 2034 resulted In deficlt of £8.573 which d•ueased to É6,647 by £1.926 of Unrealed oalns held In Church of Scolland Funds. lin comparison with • surplus in 2023 of £2,6791. Th• maloT Item In 2024 was the increase In Fabrk repalrs by Lwor £41.51XJ to £54,44012023 £12,808). £36,9CM) w•$ dr•wn down from the Gener31 Trustees to help fund this Th• bulk of the incorne durlng 2024 derlved from standln8 order paymeTrts ty members of the congregation and rel•ted GiftAld to charltles. Hall lets In¢rv4sed to £22,294, an increase of ov•r £8,t as iroups •r¢ now rnIn6 t¢ thelr norn)al schedule of meetiws. Impiov•m•nts have bqen mid• in the hill af•a In r•sp•rt ¢1 improved Ilghtlffj tlé•nlw and the provlslon of flbre optlc supported Wfi. Open plate collectlans allow us to tske advanta8e of the GASDS schune vthich irants Gift Aid on anonymouus donatlons up to £40. Donati¢)ns also inCrsed by over £l.IXIO from £8.950 to £9.960 and the church was left a LÉ8ac¥ of É1.350. Flxld costs, induéiw Givin8 to Grow contrlbutlons. Presbytery due$ , insurance w•r•all paid In full. Gener1 expenditufeduring the year has been much a$ expttted. However oil fuel, to heat the Sacrlsty. was very mueh more expensive. Gas and electricity were fortunately covered uDd*r the G•neral Energv Sch¢me but it can be assumed that these charges wlll also increase dramaticalty trre near future. Steps have been taken to redu¢e energy consumption bystrKt contrDI of the heatsnq periods. the introdurtion of LED lighting and the restricti floodlightirvJ of the buildin8 to Saturdays onlv. Organ and m4aSiC Costs. ce again. rellect the very sul)stsntlal commltmert throughout the year o whom the congregatlon remain gfeauy indebted. As always, membef5 of the corrfregation have been generous in re5windiw to $pe¢lal appeal$ for other charities- details are shown in note 7. Page 2
Kelvinside Hillhead Parish Church of Scotland. Glasgow Trustee8' Report for the year ended 31 Decemb•r 2024 Rlsk Manazement The tru$tees regular review and tdentlfy the rna risks to which the tharity is exr4)sed. Its particular. thère are concerns about the rfe profile of the eDn8reg•tion and the reluctance or inability of younger members lo take on key roles. MaintainiTr8 Bnd increasing the numtr of regular Wr$hIpperS Is an ongoing challewÈ, and stronger links vlith the community Ind Close attention to pastoral CDfKerns •re high on the aienth of Ihose to whom these matters are deleRated. The CovKI- 19 pandemic is still makini •n impact on the life of thecongregation and was a flsk ¥sthlch could not have reasonably been foreseèn. The trustees find th¢mselv¥ challewed to find p05itlve and creatNe way5 fopward. The SUPFUt of PresbirteTV and the contlnuing financial supportof loya5 members will be swnific4nt fa¢tofs in achleving their airns. Reseryes Polky Thé charlty trustees have conslder¢d the reMr¥es roquiTYd and have t•k¢D into Kcount thelr cuThent and futur¢ liatmlltles. It Is the Trustees. pollcy to hold feseples of approxlmately tw•lwe month$ exp•ndlture Ineludlng de$lated fvnd5: At the year end the church held unrertrttd funds of £81,6CrfJ. The church also held £44,27 1 of iestrt¢t¢d funds hw¢ been provldéd for th• purpos¢$ 5p&ified In Note 15. Strtxtur4 Go¥ernanc• and Managemeirt The ¢onywtldn Is * wistered charlty. number 5C(X)6629, •nd Is •dmlnlst¢red In accord•rK¢ With the terms of the Deed of Qmjtitution (Unitary Forml and is subject to the A¢t$ and Regulations of the G•neral Assembly of the Church of Scotland. Members ofthe Kiik Sessit)n •re the ehafity trustees. The Kirk Session rnembers Jre the dd¢rs of the church and are ¢hosen fTorn those members of the church who are tonsld•red to have the 4pproprlate oifts •Thd skllls. The mlnlster, who is a rnernber of the firk Session. Is elerted by the congregation ènd Indutted by Presbytery. As thè church does not cUrrenY havè a Minister, it is the Interim M(Jerator appolnted by the Presbytery of Glasgow, who preside5 4t Kl'rk Se35Kn Me•ts"ngs. Th• Kirk Session whrth m••ts 6 tlmes a year is re5ponsiblefor all affai within the dr(h under the Unltary Constitution. Certain responslbilllles are dele4ated to specffic cmitteeS as appropnjte includin8 Finance and Fabric. The Fabric Te•m undert•k•s much of the responslblllty for the rnJinten4nce of the Church 4End ihe Iformttl Manse until it was sold during the year. P<e3
Kelvinsid• Hillhead Parish Church of Scotland, Glasgow Trustees. Report for tho y•ar ended 31 December 2024 R•f•r•rK¢ and Admlnlrtr4tlv• Informalion Charlty No: Con8reiation No: 160958 Trustees In 2024 the Klrk Sesslon of KelNlnslde Hlllhead contlnued to Teiryew list of trustees seNin8 a5 some of thorn h•d •xpress•d th• d•sire to be retired to the Sta of Erneritus Eldership, thereby remaining •s an •ld•r of the Churth of Scrtand but rt as servini member of KelnSIde trlillh•ad. Bankers Royal bank ol Scottand and Virgin Money Pag¢ 4
Kelvinside Hillhead Parish Church of Scotland, Glasgow Trustees. Report for the year ended 31 December 2024 Trustees, Responsibilities in Relation to the financial Statements The charity trustees are responsible for preparing a trts5tees' annual report and financial ststements in accordance with applicable law and United Kingdom Accounts"ng 5tsndards (United Kingdom Generallv Accepted Accounting Practice). The law applicable to chawities in Scotland require5 the charity trustees 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 charsty for that period. In preparing the financial statimènts, the trustees are required to: select suitsble accounting policies and then apply them con5iStently; observe the method and principles in the Charities SORP- make judgements and estimates that are reasonable and Pfudent; State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial ststements,. prepare the financial statements on the going concern ba515 unless it is inappropriate to presume that the charity will continue in operational existence. The trustee5 are responsible for keeping proper accountin8 records vknich disclose with reasonable accuracy at any tlme the financial position of the charity and to enablè them to ensure that the financial statements cornply with the Charities and Trustee Investment Istotlandl Act 2005 and the Charities Accounts (Scotlandl Regulations 2006 las amended). They are also responsible for safeguarding the assets of the charity and hence for taking reasoriable 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 congregation's website. Legislation in the United Kingdom goveming the preparation and dissemination of financial statements may differ from legislation in other Jurisdictions. Approved by the Trustees on 2 7 25 and signed on their behalf. So88ion Clerk Page 5
Kelvinsidè Hillhèad Parish Church of Scotland. Glasgow for th? ygar ended 31 D0Mber 20 Independent Exarnlnerfs Report to the Trustees of Kthlnslde Hlllhead Parlsh Churth I report on the accounts ol the charity forthe yearended 31 December 2024 whKh are set cwt on page$ 7 to 19. Rthp•alv• r•spon4blllfjes of trustees •nd ewamlner The ¢hailVs trustees •re responsible for the preparation of the accounts in accordancewith the terms of th8 Ch8ritie5 and Trustee Investment (Scotland) Art 2fJ)5 4nd rhe Charrties Accourrts1Swttand) Regulotion5 2(M)61•5 arnended). The charity tnjstees eonslder th•tihe audit requlremeni of RegUlatTr IOIIJ (al to Icl olthe Accounts Re8ulation5 does not oppty, It is rny re$ponslbilhty to eyamlne the acco¢Jnts as required under sectio 44111 (c) of the Act and to state Yknether yrllcular matters have come to rny attention. B•s15 01 lfid•pendenl •y¥nlnrfs rtaltm•nt My emInety.0Th Is c•ryled out In a¢cord•nc¢ with Re¥ulItn 11 of the Ch•rities Accounts IScot14ndl Re8ul*lon$ 2m6 (as amended). An exammation Includ•5 4 rwew Df the accountini record5 kept by the charity and a comparison of the accounts preseAted with those records. It a150 includes corksideralion gf Iny unusual item5 or disclcwre5 in the arcounts, and seeks explanat from th• trustr•s coThcernlng any $uch matters. The procedures undertaken do not Pride all the e¥enCe thatwould bo re4wlrod In an •udlL Ind consequenty I do not eNpresJ an audlt opinlDn cn the vlew gfven by theaceounts. Indep•nd•ni •MarnlnA¢s stknfflaffli In the course of my Èxamlnatlon , no mitter has come to my attentlon lothef than thsdosed below'l whith glves me reasonable cause to believ•that ith any matewial wespeci ihe fequlrements.. to keep acC(ntIng record$ In accordance with Section 44111 li) of the 21))5 Art and Rwulwtion 4 of the 20C6 A¢counts Re8ul4tion5 •mendedl, and to piepaTe acc4xnts which accord with the acc¢unts'ng retords and compty with Regulation B of ttte 2Crt)6 Atcounts Regulatit)ns las amtndedl ve not been rn•( or to which, In my opinion. att•ntion should be 4Jrawn in order to enable a proper tsnderstsndiw of the •¢cnts to be reached. Pa8e 6
Kelvinside H Illhead Parlsh Church of Scotland. Glasgow Statsment of Financial Activities for tho y8ar ended 31 December 2024 F¥rrfts 1024 Funth A124 70ts1 24 Fun 2023 Funds 2015 Funds Total 2023 Income •nd endowments from: Donations & le8acies Charitable activities Olher Irading 8Ctiviti•s Investment Income Other Totsl Ihcom• 59.442 21294 59,442 22.294 56,583 16,671 56,583 16,671 2,071 36,900 120.707 3,459 36,900 122,095 L360 1.501 2,861 74,614 1.501 76,115 Ewendlture on: Aaising funds Charltable attNbtl•s Total •xpendltur• 130,668 130.668 130,668 130.668 75,203 75,203 75,203 75,203 N•t In¢(wnellexpenolturel b•fore 8¥lns & losses on Inve$D•tt Net 8alns/llosses) on investment5 N•t Income/lèxp•ndlwi•> 19.9611 185731 1.926 16,647J 15891 1.501 1,767 3,268 912 1.767 2,679 1.926 3,314 19.9611 15891 Trwnsfer5 betheft Funds Gainllk)ssl on revaluatiort of frAed assets Nrt m*ement In fvnd$ 19,9611 3.314 16,6471 15891 3,268 2,679 R•condllatlon ol funds: Total fund5 brought ftsrnrd Total funds carrled fwward 91.561 81.600 40,957 44,271 132.518 125.871 92.150 91,561 37.688 40.956 129,838 132,517 15 Page 7
Kelvlnside Hillhead Parish Church of Scodand. Glasgow Balance Sheet a8 at 31 De¢•mber 2024 1023 FIX Assetr Tangible a55ets Investments io li 13,106 30.395 43,501 2,070 28,469 30,539 Total Flxed A55ets Current Assets Debtors Cash at bank aftd in hand 12 14.030 71,193 85,222 11,974 90,904 102.878 Tot•1 CurrffitAss•11 Uabllltl Creditors ts111 du• within one year Net Cun•ntAss•ts 13 2*53 82.370 101.978 Assets less Curr•nt U•biiiiles 125.871 132.517 Creditors falllnz due •fter more thanoneyear 14 P4et A•sets 125.871 132,517 The fvnd$ ofthe ch•rlly. Endty•vmentfund$ R•stri¢ttd Income fvnds Unrestrict•d income funds 44.271 81.6(XJ 40,956 91.561 Total ch•rfry fund¥ 15 125,871 132,517 The accounts were approved by thetrustees on 27 nd 5Tred on their tself by., Pa8e 8
Kelvin8ide Hillhead Parish Church of Scolland. Glasgow Year ended 31 December 2024 Accountln8 Pollcles The prin¢ipal ac¢ountiw pallches, wNch have been applled conslstently in the current and preceding year In dealln¥ WTth tterns lthlch are considered material to the •ccounts, are set out below. Basls ot preparatlon The accounts have been wepared under the historical cost convention, modified to refiert the InclUsn of investments at MaEt value, and in accordance with applkable accowiting standards. A¢¢ountin8 and Reportini by Charltles: Ststementof Recommended PTactice to charilies prep•riw thelr attounts In accerdance with the Finanaal Reportlng Standard app11ble In the UK •nd Republi¢ of Irel•nd IFRS 1021 (effective l January 20191, the Financial Reportiry Stsndard applicable In the UK and Republk of Ireland IFRS1021. the charle5 and Trustee Inveslment ISc(rtlandl ALt 25 and the Charitle5 Accounts (Scotlandl Re¥ulatig115 2Crf)6145 amendedl- The Charity meets the definition of • public benefft entity under FRS 102. The Truslees conslder thatthere aTe no materi•l uncert•ints'es Jbout thecharity's abilrty to wntlnue as going concern. Fund a¢¢ountln4 Funds are ¢M5sthed as either restrirt•d fuftds ar UTrrertrLt fvnds, d•finEd a5 fom(7. Restricted funds •re fvnds subject to speclflc requlrements as to thelr use whlth may bè détlared by the donor or with their authorlty or created through Ial piocesses. but stlll wlthln the wlder objects ¢f the charlty. Endtrwmentfunds •rn funds whkh have been gl¥en oft the condlllon that thtrorlwnal pits1 Sum not redut•d, but th• lrt¢om• th•r• from is used for the purpose defifi in •¢cord•nce with theobittts ofth• charlty. Unrestricted fvnds are expendable •t th• discretk)n of the tru5tee5 in furtherance Llf the charlty's objects. If parts of the unre5trict8d fund5 •ro •armarked at the discrètion of the trustees f+y * Particular purpose, they are designated as a separate fund. The deS1wtItsn has an adminthtive purpose offlly4nd does nol legalty restrict the trustees. dlsc¢etion to applythe fvnd. r•cognlOrJn Income Is recoqnlsed when the chaiity has enlldementtothe funds. •ny perforrnaTrce condltifMS attached to the iternlsl of incorne have been rneL it15 prob•ble that the incorne will b• rettived and the arnount can be moasured reliably. Interest on funds h¥ld on deposit is included Then receivable and the amount (an be measured reliably bv the charity; this Is norrnalty on notification of interest paid or wyable by the bènk. Dlvkdeftds on investments are rec(*niJed oncethe dNidend has been declared and nolificat•on has been rece•ve(t of the divldend due. On recelpt, donated proftsslonal servkes and donated faciltties are recognised as income on the bo515 of the value of the glft to the charity which Is the amount the charity would have been YlilliT to pay to obtsln strvices or facilities of equivalÈnt econwiK benefit ¢)n the open rnarke¢ a CeSpOndIng amount is then recognised as expenditure in the peri£ of receipt. In aIxdlnce wlth the Charitie5 SORP IFRSIIY21 the qenernl Volunte b'meof¢owegaUon members Is not recLyanised. PaEe 9
Kelvinside Hillhead Parfsh Church of Scouand. Glasgow Yr ondod 31 December 2024 Accountin8 Polldes Expenditure recognition Llablllties are recoqnbsed as expendlture as soon 45 there15 a legal or constnKtive obli8atioD commith'n¢ the charlty to that expendlture, Is probable thai settlement wlll be requlred and the amount of the obllgatlon can be MSure relwbly. All •xpendrture is KMunted for on an acuuals basts. All expenses includlng support costs arrfs 8overnarKe eosts are allo¢aied or apportlon•d to the appliuble expenditure headiny. The Chaf ity is not rqistered for VATand expendlturethefefore includes Iecoverable InputVAT. Flxed Assets The charity has the rth to cccupy and use for its tharitable objerts certain tsngibte fed a55ets. includl thè Church and ha115, 14ested in the Church of kotlaTrd General Trusteek No ronsideration is payable for the use of these assets. Expenditure incuned on the repair and maintenance of these as5etS 15 charged a5 resources expended In the Ststement of Flnanclal Activltles In the perlod in vthich the Ilablllty arlses. All other fixed assets casting in excess of £2,LW havinK a lue to the charitygreater than one year, other thRn those acquired for spe¢ifK purp05•5, are upitslised. Dèpreclation Is protrlded on a straight-line b•sis to lle off the Cost or inrtlal le. less ruldual value, of tsrtBible fixed assets over their estimated useful lives. Investments Rxed au¢t inv¢stments afe stated at markét value atthe balance sheet date. Unr8aYised pins and b055•5 Mprès•nt the diftwenco beteft the market •1ye at the beginning and end of the finJw•l yt•r or. if purch45ed in th¢ mr, th• diff*ren¢¢ betw¢¢Th Cost •nd m•rknt v•luv •t the end ofthe ye•r. R¢4lised gains and105se5 repfesentthe drfference betwe¢n the pfo¢etds on dispo$41 and the m4rk¢t value •tth• stsrt of the year or cost rf purchased in the yeor. Thxatlon Kelvinside Hillhead Parlsh Church is Teco8nised ws a chaiity fN the purposes of applble tsxation legislatn and is therefore not subject to taxation on its charitsble activrtie Prfe 10
Kefvlnside Hlllhead Partsh Church of Scotland. Glas9OW Nots• f0Mng p#rt of IIHndal statements for the y•¥r ertd 31 D9Mb•r 2024 Fun Totsl 21U4 Funth 2013 FUNII Funth zo2J T4¥ts1 24 I iyonauons ¥bd iq•d•s Offeri5 Tax Recovefed on Glft Ald Legacles Donations 34.102 14,030 L350 9,9fil 34.102 14,030 1,3 34,580 12,052 I,oc 8,950 34.580 12.052 1.000 8,950 59,442 59,442 56,583 56.583 2 lrt¢offl• froffl Ch•rltable %ll¥lll•s Hall lets Weddin85 •nd fun•r•ls Con¢rwtlon•l ewnts 22.294 22,294 14,071 14,071 22,294 22,294 16,67L 16,671 3 In¢4Yn• from othff tr•dln8 aCtl¥lllos 4 Investment Intoffle vldends received Deposlt interest 941 447 J.388 941 2,518 3.459 2.071 2.071 692 1,501 Z,052 2.862 L360 5 Other Incorne Drawn dvn from General Trustees 36.9} Pa8e 11
Kelvinside Hillhead Parish Church of Scotlan4 Glasgow N4)t•¥ forn4ny wt d the fINrl•l 8tat•m• ft*th• 01 •nd•d 311)4cemb•r 2024 Fd$ ¥)24 TOMI 2024 Furn15 Funds Funds I3 TDtsI 2024 6 AD•ly515 of Empendlture R•lsln8 Fund$ Investrnent Manaqers Fee5 Offwlng Envelopes Ch•rltabl• Actlvltle5 Glvlfii to Grow Presbytery Oue$ Locum R•bat• of Manse costs Inet) Pulpll Supply Garden and Grounds F4brl¢ Repalrs & Maintsnance Insurance H•atln& Ilghtlnl and cleanirvA Phot¢Kopyln&println8, Statk)n, telephone Organ & Musl¢ Expenses Interejt on Lotn Independent Examlner Depreclatl< Other exp• 25,663 3.455 7,535 25,663 3,455 7,535 2&624 1,600 1.725 26,624 1,725 2.499 307 2A99 307 2,792 2,792 12,808 10,431 10,269 997 3,374 12,808 10.431 10,269 997 3,374 10,784 12.585 797 4,255 10,784 12.585 797 4255 5,347 2,501 130.668 5,347 2,501 130,668 518 3.565 75,203 518 3,565 75.203 130,66B 130,668 75,203 75,203 Supportcosts have not been 5tparatsly idenlified as ihe truslees consider there only one ch•ritsble actiwty. Therefore support costs relate Wh1V to that lrtivbty and ha? not been separatoly identified. Page 12
Kelvinside Hillhead Parish Church of Scotland, Glasgow Notes forming part of the flnancial statements for the year ended 31 Deumber 2024 staff costs and numb•rs No stsff were employed duiing either 2023 or 2024. All church of Scolland congre81t1t$ ¢ontrbbute to the National Sts"pend Fund vthich bEars the costs of all mintjters, stipends and empbyeT'S contributions for TratTraI insurance, peThS and housing jnrl loan fund. stipends are p•id in aecordonce with ttte n•tMial stipend xale, vthich is related to years of servl¢e. For the year undef review, the mlnlmum sti• wa$ É31,642 and the maxlmum stipend lin the fifth and subsequent years) was £38,884. Trustéè R•fflun•rtllon artd R•l*t•d p•ftyTranlIs No trustee recelved any remuneTrllon or Teimburjernent of expenses dunrythe year. No trustee ai person relètrd to a trustee had any personal Interert In any contr•rt or tr•n5•Ctlon •nty•d into by the chbrlty duringthe year. offLYin8s and donations include a totsl of èt least £13.10012023- £16,845) lextluding Gfft Ajdl 8lven by the charfty trustees. Thls fyure not Indude don4Uons thwh the Opért Ptst¢, whhch are 8l¥en 4nonymously. Volyrtte¢r$ In com1rn wth Jll congreqatlons of the Churth of Seoland the cowreytion benefits from the contrlbudoTh made by volunteers who glve thelr Ime and talents willlryly for the benefit of the Churth. The aws of con8re8ational lrfe which rely on the contrtbutkn of volunteers are many and varied and mast ofthe artivlty would be unable to conunue were It not for the ¢ornmTrtment shown. Page 13
Kelvin8ide Hillhead Parish Church of Scotland. Glasgow Noto¥ fornilng part of the financlal statem lor the year ended 31 December 2024 10 T¥nWble Rx•d Assèts Sound Boller nd on Tank Syst In Chufth Grounds Toul COst/valu At l January 2024 •iddittons Gain Ill¢ssl ¢n re¥•luatlon 0posalS At 31 Decembtr 2024 12,940 12,940 16,383 16,383 16,383 ,yo 19.323 Accumulatsd Depr•d•llon At l January 2024 Ch¥Tge for yr Eliminat on Th'spos*ls At 31 Oe¢ember 2024 10.870 2.070 10,870 5,347 3.277 3,277 12,940 16.217 N•t Book V•lu• At 31 December 2024 13,106 13,106 At 31 fJ¢cember 2023 2,070 2.070 Page 14
Kolvinsid8 Hillhead Parish Church of Scotland, Glasgow Not•s fornilng part of the Ilnanclal statemenls for the year ended 31 December 2024 11 Irwestfflénts 2024 2023 Market value at l January Purchased durir4 th• yèar Sold duTiW the Gain11105sI on rerdluation Market value •t 31 D•cember 28,469 26,702 1,926 30.395 1,767 28,469 Investments at cost 26,778 26,778 The followirg investrnents are held.. Church of 5coiland Investors Trust Income Fund Church of Scotland Investors Trust GTOVrth fund 814 Units 3,353 Units 9,1 21,392 30,395 8,921 19,548 28,469 12 Debtors 2024 2021 GfftAid Refund Due Oth•r 14,030 11,974 14,030 11,974 ia Credltors tslllni due ¥Athln cne ye•r 2023 Accruals Oth•r tt•ditors (1.9211 19321 {2,853) <01 19001 14 Credltor5 fall1 due after more yew 2024 2023 L¢•n from General Trustee5 at l January L•ss repaid durini year Pag* 15
Kelvinside Hillhead Parish Church of S¢oUand, Glasgow Notes fomilng part of tho financial Statements lor the yoar gnded 31 Decembor 2024 15 NhYm•nt In Sunds 6(Lo$s] J•rwry Incon Dnmwwl Atjl Endowment fvnds None Restrtcthd funds Organ Fund Ben•vol¥ftt Fund Flower Fund Hlar Fund Sunday School Lryacy Fund 20..20 Vision Fund RtrroofinKand SFPF 8,918 6,922 420 LIC 7,009 17,fy)1 14191 40957 183 385 746 41 420 1,106 7,336 17,535 679 44,271 41 534 L388 1.926 Unrestrlcted fvnd$ General Fund 91,561 120,707 1130.6681 91.561 120,707 1130.668) 81,6LN) 81,6CKJ 132.518 122.095 {130.668) 1,926 125,871 AnolrJliltyPYev104ffj yeor G•lnl(LDtsl JirA••ry C1•0¥ onlA•n 1023 A0ul¢ Ae¢ lfiv••hlb•rtts T1htrI Atjl IOZ3 End(Wentn$ None Restricted funds Organ Fund Bénevolent Fund Fl(yNer Fund HOar Funtl Sunday School Le8acy Fund 20.'20 Vision F¢Jnd Re-roofin8 and SFPF 163 8,918 5,922 420 1,106 163 42Q 1106 232 163 16.193 {1.277J 37.688 17.LVI f419J 40.957 1.501 Unre5trfcted fvnds Genèral Fund 92,150 92.150 74,614 74.614 (75.203) 175,203J 91.562 91.561 Totsl ftwxlj 129.838 175.203) 1768 132.518 Page 16
KelviTh8ide Hillhead Pari8h Church of Scotland, Gla8gow Notes fonTring of the ffinaneial Statements for the year ended 31 December 2024 15 Mo¥ent In Funds Th• Ory•n Fwd1545$1st wlth wbstontrél repalrslo •rhl r•lrthern•nt of the F•tr WI Oryan. Thp knMlentFund 13 lIable W the Mintsier wthe fxk se$• for modest Char(tab payTrents to those in need within the ConirégatsJft andlor Parish The Flower Fynd augments provlsion of ftowers ffK disptay durlng seThltes of WDrship and to provide deeorltion for HFw•51, Christmas et£. Fkw4er5 are l•t8r delivered to 5i(k, bei•av•d or housestKJund membefs or friend5 of the corqTeqalioTh. The Houar Fund was Inltlated by and Is malntalned In meTrx)ry ol the late Dr Stuart Howr to asslst in supportinl Drnma and Music artiirity With1 the CoryregatKJn. The Sunday khool LeRa¢y was bequeathed by the knte Mrsl)oris May •Trd rn¢ts the ¢ost of eduotlonal rnsources ind expenses a$50¢iated Vlth Youw Chuith. The ltr2Dls70n Fund lincorpornting the former mI10n Fund) wms to encourage the the Gxlregats'on's aim of growing as a P•nsh Church Y•ithin the htsart of the Wést End olGlas80w, particularly by de¥eloplng Ilnk3 wlth thlldren and youwfamllles and prÉ)ffrt>tln£ an Interest musl¢ ènd the arts wiihln worshlp. The Re-rcofin8 and Special Fabflc Proj•cts Fund wa5 set up to al(Ml the Churth to repalr and cunseple the rcofand h.th lovel stonerk and to Undlte sustsntlal Wofks which wll m•intaln ind enhance the fabrk of the A.tlst•d bulldlng. 16 An•lysls ol N•t A4sets Art1 Funds Funth Totsl Flxed knels .106 13,106 30,395 85,223 (2,8531 Investments Current Assets C4trrent Lbablllttes Uabilltles over l year Net assèis at 31 December 2024 30,395 13,876 71,347 118531 81.6 44,271 125,871 Pr•vlow yr FU Fundi Fixed Assets Investrnents Current Current Liabilities Liabilities ovef l N•tas6#ts * 31 Der4mlJor 21Y2a 2.070 2,Q70 28,469 102,879 90,391 I9) 11488 91,561 40.957 132,518 P4e 17
Kelvin8ide Hillhead Pari8h Church of Scolland. Glasgow Notes forming part of the financial statsmgnts for the year ended 31 Docember 2024 17 Coll¢cUons lor Thlrd Partl 2023 Lod8bn8 House mlan Chrlstlan Ald Maryhill Appeal Alzhelmers Sodety Poppy Scotland Wornin'5 Aid Crossf•Kh 875 1,633 525 3.163 I.LIS2 625 818 458 4,509 4.750 Page 18
Kelvlnslde Hlllhead Parl8h Church of Scotland. Glasgow ApndiX Year ended 31 Decembgr 2024 FUNDS HELD ON OEHALF OF THE CONGREGATION BY THE CHURCH OF scollAND GENERAL TRusfEES 2024 2023 Cr•dit &alan¢es h•ld at 31 December •t¢ost 160,623 197,523 Market Value Of Balinces at 31 December 160,623 197,523 Credit 8al•nces held at 311)ecember 17. 8,100 Credit Balance at 31 December Page 19