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 statsrn￿ts 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 c￿rrt￿ 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 th1o￿l￿t 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 be￿nd. 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. ￿MOpOlIt￿n 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 intrOduct￿Tr 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. MUSI￿1. 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 sUPp￿t our charities- Chdstlan Ald intematlDnal Appeal5. G￿$BOW Lodging House Mission. Gllszow Women's Aid. and Poppy Scottand. The thurch ol Con￿n￿e$ Its cost ctstting exerclse throughoutthe rationalisat￿n 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 SUpe￿iS0ry function as part of the Designated R￿￿lOuS 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 Unreal￿ed 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 W￿fi. 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 inCr￿sed 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. Gener*1 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$tees regular￿ review and tdentlfy the rna￿ risks to which the tharity is exr4)sed. Its particular. thère are concerns about the rfe profile of the eDn8reg•tion and the reluctance or inability of younger members lo take on key roles. MaintainiTr8 Bnd increasing the numtr￿ of regular W￿r$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$l￿ated fvnd5: At the year end the church held unre￿rtrttd funds of £81,6CrfJ. The church also held £44,27 1 of iestrt¢t¢d funds hw¢ been provldéd for th• purpos¢$ 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 cUrren￿Y havè a Minister, it is the Interim M(*Jerator appolnted by the Presbytery of Glasgow, who preside5 4t Kl'rk Se35K*n Me•ts"ngs. Th• Kirk Session whrth m••ts 6 tlmes a year is re5ponsiblefor all affai￿ within the d￿r(h under the Unltary Constitution. Certain responslbilllles are dele4ated to specffic c￿￿mitteeS 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 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 ftsrn￿rd 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 5￿Tred on their tse￿lf 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 InclUs￿n of investments at Ma￿Et 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 app11￿ble 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 charl￿e5 and Trustee Inveslment ISc(rtlandl ALt 2￿*5 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 I￿al 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 deS1w￿tItsn 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 T*hen 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 C￿eSpOndIng amount is then recognised as expenditure in the peri£￿ of receipt. In a￿Ixdlnce wlth the Charitie5 SORP IFRSIIY21 the qenernl Volunte￿ b'meof¢owegaUon members Is not recLyanised. PaEe 9 Kelvinside Hillhead Parfsh Church of Scouand. Glasgow Y￿r 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 M￿Sure￿ 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 I￿ecoverable InputVAT. Flxed Assets The charity has the rth to cccupy and use for its tharitable objerts certain tsngibte f￿ed 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 ￿l￿e. 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 be￿teft 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$41 and the m4rk¢t value •tth• stsrt of the year or cost rf purchased in the yeor. Thxatlon Kelvinside Hillhead Parlsh Church is Teco8nised ws a chaiity fN the purposes of appl￿ble tsxation legislat￿n and is therefore not subject to taxation on its charitsble activrtie Prfe 10 Kefvlnside Hlllhead Partsh Church of Scotland. Glas9OW Nots• f0M￿ng p#rt of IIHndal statements for the y•¥r ertd￿ 31 D￿9Mb•r 2024 Fun Totsl 21U4 Funth 2013 FUNII Funth zo2J T4¥ts1 24 I iyonauons ¥bd iq•d•s Offeri￿5 Tax Recovefed on Glft Ald Legacles Donations 34.102 14,030 L350 9,9fil 34.102 14,030 1,3 34,580 12,052 I,oc 8,950 34.580 12.052 1.000 8,950 59,442 59,442 56,583 56.583 2 lrt¢offl• froffl Ch•rltable %ll¥lll•s Hall lets Weddin85 •nd fun•r•ls Con¢rwtlon•l ewnts 22.294 22,294 14,071 14,071 22,294 22,294 16,67L 16,671 3 In¢4Yn• from othff tr•dln8 aCtl¥lllos 4 Investment Intoffle vldends received Deposlt interest 941 447 J.388 941 2,518 3.459 2.071 2.071 692 1,501 Z,052 2.862 L360 5 Other Incorne Drawn d￿vn from General Trustees 36.9￿} Pa8e 11 Kelvinside Hillhead Parish Church of Scotlan4 Glasgow N4)t•¥ forn4ny wt d the fINr￿l•l 8tat•m• ft*th• ￿01 •nd•d 311)4cemb•r 2024 F￿d$ ¥)24 TOMI 2024 Furn15 Funds Funds I￿3 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 Wh￿1V 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 Trat￿TraI 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•ftyTran￿lI￿s 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 com1r￿n 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 0￿posalS 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 y￿r 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 N*hYm•nt In Sunds 6￿(Lo$s] J•rwry Incon￿￿ Dnmwwl Atjl Endowment fvnds None Restrtcthd funds Organ Fund Ben•vol¥ftt Fund Flower Fund H￿lar Fund Sunday School Lryacy Fund 20..20 Vision Fund RtrroofinKand SFPF 8,918 6,922 420 LIC 7,009 17,fy)1 14191 40957 183 385 746 41 420 1,106 7,336 17,535 679 44,271 41 534 L388 1.926 Unrestrlcted fvnd$ 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 C￿1•0￿¥ onlA•n 1023 A0￿ul¢￿ Ae￿￿¢￿ lfiv••hlb•rtts T1*h￿trI Atjl IOZ3 End(W￿￿ent￿n￿$ None Restricted funds Organ Fund Bénevolent Fund Fl(yNer Fund HO￿ar 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$1st wlth wbstontrél repalrslo •rhl r•lrthern•nt of the F•t￿r WI￿ Oryan. Thp knMlentFund 13 ￿￿lIable W the Mintsier wthe fxk se$*•￿ 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 H*Fw•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 ltr2D￿ls70n Fund lincorpornting the former mI￿10n 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 stone￿￿rk and to Und￿￿lte sustsntlal Wofks which wll m•intaln ind enhance the fabrk of the A.tlst•d bulldlng. 16 An•lysls ol N•t A4sets Art￿￿1 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 y￿r 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 m￿lan 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 Ap￿ndiX 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