The Church of Scotland Old Gourock & Ashton Parish Church of Scotland Trustees. Annual Report and Accounts forthe Year to 31 December 2024 Old Gouror& & Ashtorb Parish (hurch of 0t[and No= 150798 Scotbsh Registered (harity No: SCCX)7324
Old Gour¢Kk & Ashton Parfsh (Thur(h ofscotland No.. 150798 Scottish RIstered Charity No: SC(X)7324
Old Gourock & Ashton Parish Church of StIaTrd Registration No: SC007324 Trustees, Annual Report for the year ended 31 December 2024 The trustees present the annual report and accounts for Old Gourock & Ashton Parish Church of5cotland forthe year ended 31 December 2024. The accounts have been prepared in accordance with the accounting policies set out in in the Accounting Policie5 section of the accounts and complywith the General Assembly Regulations for Congregational Finan, the Charities and Trustee Investment {Scotland) Act 2005, the Charitie5 Accounts IS(J)tland) Regulations 2006 {as amended) and Accounting and Reporting by Charities- Statement of Recornmended 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. ObJect5ves and Attivities The Church of scotland isTrinrtsrian in doctrine, Reformed in tradttion and Presbyterian in polity. It exists to Blorify God and to work forthe advancement of Christ's Kingdom throughout the world. A5 a national church it acknowledges a distinctive call and duty to bring the ordinances of religlon to the people in every parish of Scotland through a natlonal ministry. It cooperates with other Churches in variou5 ecumenical bodies in Scotland and beyond. At Old Gourock & Ashton, one service of worship is held each Sunday at 10am when usually the Young Church meets with an age range from birth through to the end of Primary School. Additionally, occasional 5eTvices in diffent formats are offered and bible study groups and quiet meditstion times take place at appropriate times of the Christian year. The Sacrament of Holy Communion 15 celebrated cin four Sundays at appropriate times of the year. informal Communion Services are usually held at the close of Sunday worship on thefirst sunday of most months and on four midweek 3fternoon5 during the year Communion Services followed by tea/coffee fellowship are offered to our less able conimunicaTrts. In addition, Home Communion is available to housebound members. by arrangement with the Ministeror Convener of the Pastoral Committee. The congregation is fortunate in having tvlo sets of halls which are well used for a wide range of actlvities by different groups. A list of organisations and activities is to be found at the end ofthis report. The halls are also used by a number of community groups. Achievefnerrt5 and Perfomian Attendance at SundayseNices have been fairlystable since the end of the COVID pandemic, on average between 125 and 140 in-person which is below the 150-170 before COVID, but the streamed service regularly attracts over 250 views each week. The services continued to be streamed on Facebook Live and we have evidence that folk from as far apart as Australia and Canada watch either live or a recording on one of the available platfomis. Many people also tch in Gourockl Recorded services are also available on YouTube. Of course, there were several occasions duringthe year when the sanctuary was filled well above the "average" number of people. Four services in particular stsnd out in
Old Gourock & Ashton Parish Church of &otland
Registration No." SC007324
Trustees, Annual Report for the year ended 31 December 2024
that respect: the Unlformed OrEanlsatlons' Parade in September, the Remembrance
Day Service, the Gourock Schools and Churches Togeti)er Christmas Service and our
Christmas Sunday Service.
Our organisations continued their activities in 2024 and, likewise, the community
groups which nomially use our halls
Old Gourock & Ashton Parish Church of Scolland Registration No.. SC007324 Trustees, Annual Report for the year ended 31 December 2024 The Church Magazine continued to be published, both hardcopy and online. The hard work of everyone involved in producing the magazine. in whichever fom, is highly appreciated. Financial Review The Statement of Financial Activities ISOFAI shows that our total income amounted to £273,405 and total expenditure was £196,630 resulting in a surplus of £76.775 before recognising investment revaluation gains of £5,086. These had the overall effect of increasing funds by £81.861. There was a General Fund deficit for the year of £5,170 reflecting an increased 'Giving to Grow, contribution to the Church of Scotland along with higher utilities and cleaning costs. The major movement in Restricted Funds refiects a £IOO,CrfJ) legary from the estate of the late John Hawthorn. Thi5 is split as a £50,OCKJ contribution to the Mcvicar Fletcher Memorial Fund and £50,000 to establish a new fund for Youth Development in OGA. Our De5igllated funds moved in line wrth nom7al income and expenditu levels. During the year £7,785 was raised by the congregation in specific appeals for external charitable purposes as detailed in note 14 to the account5. This is in addition to further charitable fund raising undertaken by church organisations and collection5 of gifts and materials for other local charities. The Balance Sheet reflects the increase in fund5 as explained in the SOFA so that at the end of the year net a55ets totalled £479,721. This comprise5 £36.596 of tangible fixed assets. investments of £212,775 and net current assets lie bank depostt and current account balances less net debtors / creditor5) of £230,250. Consequently, there are available financial resource5 lie excluding tangible fixed a5setsl in unrestricted fund5 of £330.742. This level of resources is considered adequate to support the trustees, assessment that our charity 15 a going concern. Investment pollry and perfomiance The trustees seek to hold funds generdlly in lower risk investments. Deposits are held within current accounts with the Royal Bank of Scotland and in the Church of Scotland Deposit Fund. Recognising that certain funds can be held for the longer term, funds are also held in the Church of Scotland Income Fund and the Church of Scotland Growth Fund. which provide an annual return and also allow for c2Pltal growth. Income returns were as expected with market value5 increasing marginally acros5 the year. Risk management The trustees consider risks facing the Churth through the maintenance of a risk register which is the subject of periodic discussions at Session meetings. Key risks identified include {il the future shape of the Church in Gourock, {iil a falling congregation with an increasing age profile liiil long term financial 5115tainability livl a breach of safeguarding requirements Iv) loss of key individuals including Youth organisation leaders Ivil
Old Gourock & Ashton PaTish Church of SlIand Registration No: SC007324 Trustees. Annual Report for the year ended 31 December 2024 maintenance of buildings and Iviil breach of church rules, laws and regulations. lincluding Health & Safety requirements). Mitigations have been identified to the extent that these are within our control. Actions to address the risks are documented in the risk register with allocated responsibilities and review dates. Reserves Policrf It Is the trustee5' policy to hold reserve5 to allow the church to complete its ongoing charitable work and to maintain its properties in a suitable condition for this work to continue. In addition, as described in note 13. bequests are maintained in a separate fund to meet major and unplanned work. Structure, Governance and Management The Church is administered in accordance wlth the terms of the Deed of Unitary Constitution which was agreed at the Stated Annual meeting held in March 2009. This involves the Kirk Session and its commtttees. The Unitary Constitution states that the members of the Kirk Session are the charity trustees. However, we recognise that, inevttably. people ordained as Elders become older and frailer with tlme and become unable to attend rk Session meeting5 and tske part in decision making. Therefore, we have two categories of Elders .' Trustee Elders lof which we had 46 at 31" December 20241 and Non-Trustee Elders lofwhich we had 4 at 31st December 2024). The Kirk Session members are the Elders of the church, chosen from those members of the church who are considered to have the appropriate gifts and skills and who have accepted appointment to the Kirk Session. The Minister is also a member of the Kirk Session and has been elected by the congregation and inducted to the charge by the Presbytery. The Kirk Se55ion met four times in 2024. with a fifth schedsjled meeting, in December. postponed due to the Moderator being ill. Our activities in terms of numbers show that our Communion Roll has fallen from 478 at 31 December 2023 to 467 at 31.: December 2024. mainly a5 a result of the deaths of 13 members. 4 people joinEd the congregation by Transfer of Certificate. During the year the Minister conducted 5 Weddings, 3 Child Baptisms and 36 Funerals, including parish funerals. The Pastoral Committee was again able to arrange their usual four Mid-week Communion Service5 and to assist the Minister with visits to house-bound or h05Pitalised members and kept in touch bytelephone with as many people as they thew about who were ill or housebound and flowers were distributed to manv. Additionally, at Easter and at Christmas, gifts and flowers or plants were distributed to around 30 homes. Meanwhile, the Community Interests Committee arranged two collections of food for the Foodbank and also two collections of essential goods for Starter Pack5 Inverclyde. The Social Committee organised two outings by bus: one to Edinburgh to Holyrood Palace. plus Aftemoon Tea at Erskine Garden Centre on the way home, and one to McArthur Glen at Livingston forshopping. A5 reported earlier, the
Old GDurock & Ashton Parish Churth ofscotland Registration No: SC(X17324 Trustees, Annual Report for the year ended 31 December 2024 Communications Committee ensured that the Church Magazine continued to be produced and the Finance and Works teams continued to look after the finances and repairs and maintenance of the building5. The Safeguarding CoMlttee went quietly about its business ensurintF that all those dealing with Dur young people and vulnerable adult5 have completed the necessary disclosure checks. Reference and Administrative Inforrnation Charlty Name: Old Gourock& Ashton Parish Church Charity Re8iStration Nurnber: SC(K17324 Congregational Reference No: 150798 Trustees A list of all trustees who served at any time during the year and up to the date of Signing of the accounts is to be foLJnd as appe.ndix A. Prfncipal Office-Bearers Minister.. Sesslon Clerk: Churth Treasurer.. Independeni Examiner: Bankers The Royal Bank of Scotland plc 122 Cathcart Street Greenock PA15 IBA
Okl Gourock & Ashton Parish Church of Scouand RegisJalK)n No". SC007324 Trustees, Annual Report for the year ended 31 December 2024 Trustee< Responsibilities in Relation to the Accounts The charity Irustees are responsible for preparing a trustees. annual report and accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kiri8dom Generally Accepted Accounting practi}. The law applicable to charities in Scotland requires the charity trustees to prepare aCCOLints lor each year which show a true and fair view of the state of affairs of the charity and of the incoming resources application of resources, of the charity for that period. In preparing the account5. the trustees are required to: selert 5Ultable accounting policies and then apply them consistently,. observe the method and prlnclples of the applicable Charities SORP; make judgements and estimates that are reasonable and prudenL' stste whether applitable atcount standards and statementsof recomrnended practice have been followed, subject to any departures disclosed and explained in the accounts- and prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operational existence The trustees are responsible for keeping proper accounting record5 ivhich disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensuie that the accounts comply with the Charities and Trustee Investment Iscotlandl Act 2005 and the Charities Accounts Iscotlandl Regulations 2006 (as arnended). They are also responsible for safeguarding the assets of the charity and hence for taking reasonable 5tep5 for the prevention and detection of Iraud and other irregularities. Approved by the tru51ee5 and 5igmed on their behalf, Sesslon Clork 20 March 2025
Old Gourodt & Aghton Parish Church of SI8nd Independent Exaniner's Report to the Trustees of Old GouroGk & Ashton Parish Church for the year ended 31 December 2024 I report on the accounts ofthe charity for the yearended 31 December 2024 which are set out on page5 8 to 20. Respe¢tive responsibilities of trustees and examlner The charity's tru5tee5 are responsible for the preparation of the accounts in accordance with the terrns of the Charities and Trustee Investment Iscotlandl Act 2005 and the Charities Accounts IScotland} Regulations 2CK)6 (as amended). The charity trustees consider that the audit requlrement of Regulation 1011} lal to Ic) of the Accounts Regulations does not apply. It is rny responsibility to examine the accounts as required under section 44(11 Icl of the Act and to state whether particular matters have come to my Jttention. Basis of independent exarniner's ststement My examination Is carried out in accordance kvith Regulation 11 of the Charities Accounts (Scotlandl Regulations 2006 las amended). An examination includes a review of the accounting records kept by the charty and a comparison ofthe accounts presented with those records. It also include5 considerdtion of any unusual itern5 or disclosures in the accounts, and seeks expla nations from the trustees tonceming any such matters. The procedure5 undertaken do not provide all the evidence that would be required in an audit. and consequently I do not eKpress an audit opillion on ihe view given by the account5. Independent examinerfs ststernent In the course of ffly exami nation, no matter has come to my attention l. which gives me reasonable cause to believe that in ary materlal respect the requirements: a. to keep accountlng records in accordance with section 44 (11(al of the 25 Act and Regulation 4 of the 2006 Accounts Regulations las amended), and b. to prepare accounts whlch aCCd with the accountlng 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 propel understanding of the account5 to be reached. 20 March 2025
Old Gourock & Ashton Parish Church of Scouand Statement of Financial Activities Year Ended 31 D•cember 2024 Note Unrestrlcted Restricted Funds Funds 2024 2024 Tolal 2024 Total 2023 Incomo and endowments from: DrJnalK)ns and legacies Activities for generating fvnds 2 Investment incom8 Charitable actwitles 147.493 4,607 14,587 5,739 100.000 247.493 4,607 15,566 5,739 149.391 5.363 12.022 3.452 979 Total income 172,426 1(K).979 273,405 170,228 Expenditure ¢)n: Raising funds Charitable activitles 158 192.972 158 196.472 171 176.929 Total expenditure 193.130 196.630 177,100 Net Income beforn galns and losses on Investments (20.7041 97.479 76.T15 16,8721 Net gain on Investments 5.086 8,686 Nèt Income I lexpondlture) {15.6181 97,479 81.861 1,814 Transfers between fund Categories Net mov8m8nt In funds {15.618) 97.479 81,861 1,814 Total funds brought foThvard 382,956 14.904 397,860 396.IM6 Total fund5 carried forward 367.338 112,383 479.721 397.860
Old GouriK* & Ikghton Parlsh Church of Scotland Balance Sheet Yèar Endgd 31 Oecember 2024 2024 2023 Flxéd assets Tangibl8 assets Investments 36,596 212.775 54,360 207,692 249.371 262,052 Current Assets D6btors Church of Scodand dap(sts Bank and cash 1D 107.027 84.531 6,697 84.017 242.g19 148.540 Cradltors FallirvJ du& wmhln Of ytrdr 11 (12,569) 112,7321 Net Current Assets 230,3 135.e4J8 Not Assets 479,721 397,860 Unrestrloted Funds Ganoral FurKJs Daslgnaled funds 13 44.239 323.099 49.4 333.547 367.338 112.383 382,956 14,9)4 R8strlcted Funds 13 Total Funds 479.721 397,8fj0 The accounts were ap[yDV bythe Twstees on 20 March 202?. For and on bohalf of the Trusfrees Session Clwk TreasuTEr
Old Gourock & Ashlon Parish Church of Scolland Accounting Policies For the year ended 31 December 21r24 General information These financial statements are presented in pounds steriing IG8PI as that 15 the currency in which the charity's transaction5 are denominated. They comprise the financial statements ofthe charity forthe year ended 31 December 2024. The principal activity of the charity is detailed on page l of the Trustees Annual Report. The charity is defined as a public benefit entity and thu5 the charity cornplies with all the dlsclosure requirements relating to public benefit entities. Old Gourock & Ashton Parish Church of Scotland is adminiSted in accordance with the terms of the Deed of Unitary Constitution which was agreed at the Ststed Annual meeting held in March 2(K)9. It is recognised as a charity for tax purposes by HMRC and is registered with the Office ofthe Scottish Charity Regulator (OSCRI under charity number SC007324. Details of the registered office can be found on page 6 of these financial statements. Basis of preparation The financial statements have been prepared under the histortcal cost convention unless otherwise stated withirs these accounting policies and in accordance with United KinEdom Accounting standards, including the Financial Reporting Standard 102 'Financial Reporting Standard5 Ill the UK and Republic of Ireland, IFRS 1021. the Statement of Recommended Practice1SORPI "Accounting and Reporting by Charities. the Charities and Trustee Investment {Scotlandl Act 2005 and the Charities Accounts (Scotlandl Regulations 2006 las amended). The principal accounting policies. which 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. Going concem As explained in the Trustees Report. the trustee5 have a reasonable expectation that the charity has adequate resources to continue in operational existence of the foreseeable future. Thus. they continue to adopt the going concern basis of 3ccounting in preparirbg the financial statements. Fund5 Funds are cla55ified a5 either restricted fitnds or unrestricted funds, defined as follows. Restritted funds are funds Subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but still within the widerobjects 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 therefrom is used for the purpose defined in accordance with the objects of the charity. io
Old Gourock & Ashton Parish Church of Scouand Accountlng Policies For thè year ended 31 Drnber 2024 Ullre5tricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees, discretion to appty the fund. Incoming resources Income is recognised when the charity hasthe entitlernent to the funds, any performance conditions attached to the itemlsl of income have bn met. it is probable that the income will be received and the amount can be MeaSud reliably Re59urces expended Expenditure is recoEnised on an accruals basis as the liability incurred. Taxation Old Gourock & Ashton Parish Church is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activitie5. The charity 15 not reElStered for VAT and resouS expended therefore include irrecoverable input VAT. Interest receivable Interest on fund5 held on deposit is iluded when reCedbIe and the amount can be measured reliably by the charity; this 15 normally upon notlfication of the interest paid or payable bythe bank Tangible fixed assets The charity has the right to occupy and use for its charitable objects certain tangible fixed assets, including the Church. halls and manse, vested in the Church of Scotland General Trustees. No consideration 15 payable for the use ofthese a55ets. Expenditure incurred on the repair and maintenance of these assets is charged as resources expended in the Statement of Financial Activtties in the period in which the liability arises. All tangible fixed a5set5 Costing in exces5 of £5,(M)O having a value to the charity for greater than one year, other than those acquired for specific purposes, are capitalised. Depreciation is provided on a straight-line basis to write off the cost or initial value, less residual value, of tangible fixed assets over their estirnated useful lives: Freehold buildings Fixtures, fittings and office equipment 10 years 10 ypar5 li
Old Gourock & Ashton Parish Church of Scouand Accounting Policies For the year onded 31 December 2024 Investments Fixed asset investments are stated at market value at the balance sheet date. Unrealised gains and losses represent the difference betsveen 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 erld of the year. Realised Eains 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. Financial instruments The Church only enters into basic financial instrumenttransactions that result in the recognition of financial assets and liabilities like gift aid receivable. other debtors, Church of Scotland deposits, bank and cash and atcruals. Gift ald receivable and other debtors are measured at the settlement amount due. Accrua15 are recognised at the transaction price. Cash and cash equivalents include Church of Scotland deposits and bank and cash. Cash is represented by cash in hand and deposits held with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three month5 frorn the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. 12
Old Gourock & Ashton Parish Church of S(x)tland Notes forming part of the financial statements For the yr ended 31 December 2Q24 Unrestrtcted Restrlcted Funds Fund5 2024 2024 Total 2024 Total 2023 1. Donatlons and Lagacies Offerings Tax recovered on Gift Aid LegaGigS Organisations, in(x)me Miscellaneous income speal collections 93,880 21,309 2.(X)O 18,825 3.694 7,785 93.880 21.309 102,(K)Q 18.825 3,694 7.785 94.384 20,623 3,916 16.590 3.370 10.508 100.CMXI 147,493 1(M).OLK) 247,493 149,391 AII 2023 Donath)ns and Legacies irKX)me relates to unrestrtcted funds. 2. Othertradlng athvitigs Use of Halts 4.607 4.607 5,363 4,607 4.607 5.363 All 2023 Other trading acti118$ iTKX)me tplates to unrestiicted funds. 3. Invgstments IncA)me from Church of sand Fund Bank interest Other 14.184 403 15,118 11.685 337 14.587 979 15. 12,022 2023 Income from Church of Scoland fuThJs and Bank inlerest indudes £653 and £34 respectively relating to Restricted funds. 4. Charitsble Actlvlttes Tea and Coffee Events Church Fayre Other fundraisiro events 3.3 3,396 2.343 3.452 5,739 5.739 3,452 AII 2023 Charitable Activlttes Iome relates to unri¢ted funds. 13
Old Gourod( & Ashton Parish Church of Scotland Notes forming part of the financial stalements For the year ended 31 December 2024 Unrestrl¢tod Restrfcled Funds Funds 2024 2024 Total 2024 Total 2023 5. Analysls of Expendlture Ralslng Funds Offering Envek)pes 158 158 171 158 158 171 Charitable Acttvitigs Giving lo GW Atlocalion Presbytery Dues Ministerfs Exwnses Pulpit SUpY Organist induding supply Depreciab"on Fabric Repairs & Maintenance Church services & Messy Church Ix)sts CleanirvJ & Cleaning Matellals Council Tax & Insurance Heating & Lightir Ice running )Sts Alarm System & Security Bank charges Church transport Special Collections Drsbursed Communications & IT (x)sts Bursarles Donations to ch1t (ganISatIOnS inlemal expenditure Other expense5 Ben6v(Aence expenditure Organisat'ons support expenditure Fabric fund expenditure Bequest fund eynditure 71,886 2,375 4.054 71.886 2.375 4.054 65.888 2,376 4.479 6,984 17.764 17,952 3,813 2,852 17.764 17.952 3.813 2,852 17,764 8,292 2,516 8,229 8,882 1.579 1.611 855 853 10,508 1,752 1.200 3,874 7.570 1,726 500 2.800 14,977 1.560 12.761 2,242 12,761 2,242 927 927 643 7.785 1,996 3.5tKI 3.931 12,490 7,766 749 3.476 7.785 1,996 3.5C4) 3.931 12,4 7.766 749 3,476 5tH) 5LKI 192,972 3.5(Kl 196,472 176,929 Total 193,130 3,500 196,630 177.1(M] Support (xisls have nol been sepaiatdy kdentifi as the trustees considerthere is only one charit8tAe activity. Al 2023 expendilure noted atrrf)ve rel*es to Unrestrict1 Funds other than Bursaries of £1,200 relating to Restrted FuThJs. 14
Old Gourock & Ashtorb Parish Church of Scotland Notes forming part of the financial statements Fortho year ended 31 December 2024 2024 2023 6. Staff costs and numbgrs Salaries and wages Sodal security costs Total The average nurnr of employees during the year. calculated on the basis of h8adwurt was as follows: _ 2024 2023 No Pastoral support All Church of Scouand congreyalJDns c4)ntA)Lts to the Nation St7per Fund lch bears the (x)sts of all ministcr stipends and em0Ye5 gJntribut¢ons lor national insurance. pènsh)n and houslng and toan fund. hffjnister's stipeThJs are paid in accordance wth Ihg national stipend scale, which is rdated lo years of service. For the yaar urmler review the minimum stipend was £31,64212023- £30,135) and the maxiffluffl stipend 5th and subsequent yeats) was £38,884 12023- £37,032). 7. Trustee Remuneration, Relatgd Party Transactlons and Volunt&•rs During the year one IStee red reimbursemerrt of expenses tolalllng £4.054.12023- one trustee. £4,479) Voluntary contributions from Twslees during the year totalled £34,543 {2023- £34.750) 8xduding relal8d Gift Aid Te(x)veries. Other than as rK)ted above, no trustee or related to a bslee had any IrsINl interest in any cLtract or transaction entered intr> ty the tharity during the year. In common with all cx)ngregations of the Chwth of S(x)Uand the congregation bgnefrts frc*n th8 contributions made by vdunleers who give thr time and talents willingly for the benefit of the Chutch. The areas of ox)ngregational lrfe w1ch rely on the cu)tiibution of volunteers are many and varied and much of athity woukl be unae to continue were it t for the CmminI shown. 15
Old Gourock & Ashton Parish Church of Six)Iland Notes forming part of the financial statements Forthe yoar ended 31 December 2024 8. Tanglble Flxed Assets As at 31 Dec8mb8r 2024 Buildings Equipment Total Cost At 1 January 2024 Addfdon$ 6,833 78.381 585.214 Disposals Al 31 Decembgr 2024 SI,833 78.381 585,214 AUmUlated Depreciation At 1 January 2024 Charye foryear Elimin8ted on Dlsposats 458.801 16.344 . T2.053 1,420 530,854 17.764 At 31 Dmber2024 475,145 73,473 $48,618 Net Book Valué At 31 0ecembeT2024 31.688 36,596 At 31 Demter 20Z3 48,032 6.328 54.360 As at 31 D8wnber 2023 Equlpment Tot81 At 1 January2023 Additions 74381 585.214 At 31 DEceMr2023 501833 78.381 584214 Accumulale<l Deweclation Al 1 Jonu8ry 2023 chor fDry68r Erlated on DisMkyals 44Z457 1fj.344 70,633 1.420 513.0gf) 17.764 At 31 December2023 458,W1 72.053 S30.854 Net 8ook Value Al 31 Dec4mber2023 44032 6,328 54,360 Al 31 Decembw2022 64.376 7,748 72, 144 16
Old ()Jurock & Ashton Parish Church of Swland Notes forming part of the financial statements For thp yaar endgd 31 December 2024 9. Investmènts 2024 2023 maet fdlue at 1 January Additiot)s at cost Dlsposals Unrealised gain on investments 207,692 199,006 (31 5,086 8.686 Market value at 31 Dember 212.775 207,692 Investments al cost 205,367 209,450 The follo investsnents are hdd". Church of &otland (Cofs) Gru*Ah Fund units Church of Scotland (Cofs) In¢xJme Fund units During the year Cofs IrKX)me Fund units with 8n original (xist of £54,425 were alISed and reinvested in Cofs Grovth Fund units a Mit resulb'w iOme of £3 Ixing transferred to our Cofs Deposit balan(8. 10. Debtors 2024 2023 Legacy receivable Gift tax reCeNale 100.0 6.152 875 6,093 604 ot[r 107,027 6,697 11. Credltors 2024 2023 Accrua15 12.569 12,732 17
Old Gourock & Ashton Parish Church of Sctslland Notes forming part of the financial statements Fly thg year #n(18d 31 DeceTr*)8r2024 12. Analysis of Net Assets Among Funds As at 31 December 2024 General Designated Restrlcted Funds Funds Funds Total Funds Fixed Assets Investments Current Assets Current Liabilitres 36,596 202,976 84,040 112,383 (5131 36.596 212.775 242,919 112,569) 9,799 46.4 (12.056) Net assets at 31 Dec 2024 44.ZJ9 323,099 112,383 479,721 As at 31 December 2023 General Deslgnalgd Reslrfclod Funds Funds Funds Totsl Funds ed Assets Inveslments Current Assets Current Li8biliUes 54,360 197,981 81.206 54,360 207,692 148,&10 (12, 732) 9.711 5Z430 (12.732) 14.904 Net assets al 31 Dec 2023 49.409 333.547 t4,904 391,860 18
Old Gouruck & Ashton Parish Church of Scotland Notes forming part of the financial statements Fortha ywdr gnded 31 Docembar 2024 13. Movements in funds At1 Year ended 31 Decembèr 2024 January 2024 At31 DeGgmber 2024 Incomè Expenditure Transfers Restrf¢ted funds Mcwicar Fletcher memori Fund 14,904 HaOrn Fur 50,979 13.500) 62,383 50,000 14.904 1,979 3,500) 12,383 Unrestricted funds Deslgnaled Fabric Fund 118,210 Designated Bequest Fund 134.655 Designated Benevolell Fund 37,889 Dèsignated Org's Support Fund 28.470 Designated Organlsauons Funds 14,323 General Fund 49.409 5,071 3.725 1,784 1.357 18.825 149.gLM) 117,764) {500) {749) (3.476) 118.721) {155,070) {196,280) 105,517 137.880 38,924 26.351 14.427 44.239 382,956 180,662 367,338 Ellmlnated on consolidatlon 13.150) 3,150 Total fundg 397,860 278,491 {196.630) 479,721 Ael Year ended 31 December 2023 January 2023 At31 December 2023 Incorne Exwditure Transfets Restrleted fvnds MGVicar Fl6tch8r Mèmorial Funfl 15.417 687 (1,2) 14,904 687 14,9 unrestn.cted lunds DesignAted FabrK Fund 12&926 4,025 Designalod BoquestFund 128,0 8,165 Designated Benevolence Fund 3&272 2,117 DesNgrpated Ory's Support Fund 29.646 1.624 Designated Organisatsons Funds 10,827 16,590 Gen8Tr1 Fund 48.908 148. 156 (32. 741) (1,560) (s) (2.800) (13,094) (127.655) (20,000) 20.000 118,2qO 134,655 37,889 28,470 14,323 49,409 Elimlnatod on wnsolidation (2,450) 78.91 2,4 Total funds 9T,86 19
Old Gourock & Ashton Parish Church of So)tland Notes forming part of the financial statements For the year ended 31 Dember 2024 Pu oses of Restdcted Funds Mcvicat Relcher Mertvjllal Fund is lo bo to rmowde bUaries in Ihe churth who are wng on to furth9r edurabcn. HawthLYn FId is to used foryouth Devthpment In Okl Gour(K &Ashton ChLYth Pur ses of Desi nated Funds Fabric Fund.. Th8 Trustees have set askle furKSs lor the mawtenanco ofthg churh property. BE¥ue5l Fur.. The Tru51ee5 have set as¥Je fijnds to m88t 8ry rroior ar.d Wlanned expen(%LJr8. Benevolen Fu1.. The Trust885 have Set ade funds to provtde supwt to tEedy pariShKxIs. Organisaliorts Sw)port F.. Th8Tn1eeS have set fvtKls to SUPPL¥t organisat1( ol the Church. Organisab0r Funds". Thèse fuThl$ ar• hekl by varKXts (¥yanrsati(s orth6 thurth to pr)taf6IloYhIp. 14. Collections for Third Parties 2024 2023 Children in Povety Inverctyde Compassionate Inverdyd Mary's Meals Wine Trust Christian DEC Turkey Earthquake Atpeal Alzhelmers Scotland Ardgowan Hospice 2.215 2,000 2,0 1.110 460 3.365 3,747 1.591 535 461 7,785 10,508
Old Gourock & Ashton Parish ChurGh Appendix A Trustees who served during the year ended 31 December 2024 21
Old Gourock & Ashton Parish Church Appendix B Organisations Young Church Parish Players Indoor Bowling Parents and Toddler5, Group {Little Rascals) The Guild Sunbeams 2, Gourock Brownles 1st Gourock Guides 2, Gourock Guides 3 Gourock Company The Boys Brigade- Company Section, Junior Section, Anchor Boy5 i< Gourock Scout Group -scout Troop,. Cub Pack,. Beaver Colony Greenock and District Scout Council- Explorer Scout Unit {Darrochl Gatewav Ladies Badrninton Kraft Daft Dementia Café