The Church Of Scotland
Partick Trinity Church Of Scotland
ACCRUED (2015 SORP COMPLIANT) ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
Congregation No: 160982
Scottish Charity No: SC007632
Partick Trinity Church Of Scotland Trustees’ Report Year ended 31 December 2024
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 General Assembly Regulations for Congregational Finance, 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.
Objectives and Activities
The Church of Scotland is Trinitarian in doctrine, Reformed in tradition and Presbyterian in polity. It exists to glorify God and to work for the advancement of Christ’s Kingdom throughout the world. As a national Church, it acknowledges a distinctive call and duty to bring the ordinances of religion to the people in every parish of Scotland through a territorial ministry. It co-operates with other Churches in various ecumenical bodies in Scotland and beyond.
Partick Trinity holds regular services on Sunday mornings at 11am, focusing on corporate worship and systematic expository Biblical preaching; five small groups meet on Tuesdays and Wednesdays to further explore Sunday’s Bible passage.
There is a Youth Ministry incorporating a crèche and BLAST for older children on Sunday mornings, the young people joining with the adult congregation towards the end of the service. Youth Fellowship on Sunday afternoons continues fortnightly. Kids’ Club and Youth Café run fortnightly in church, and a youth group meets monthly in a local coffee shop. Access to some of the local schools has continued, with the Cosy Café, running in partnership with the Wheel Trust, weekly in Hillhead High School, and football coaching at Hillhead Primary.
The building also hosts weekly gatherings of Rainbows, Brownies, Guides and Rangers.
Achievements and Performance
The Stated Annual Meeting was held as part of the Sunday morning service on 23rd June. The annual church weekend away took place the weekend of 14[th] - 16[th] June, again at Lendrick Muir
Welcome lunches for those new to PT took place in various members’ homes during September and October.
At Easter we had a family Fun Day, a short service on Good Friday, and a family service on Easter day.
At Christmas we had a Family Fun Day, Carols by Candlelight, an all-age service on Sunday 22nd, and a family service on Christmas Day.
Small Groups meeting mid-week and the Friday coffee mornings are well attended.
Towards the end of the year, St John’s Renfield joined our cluster.
Thanks to several volunteers, one room in church house was redecorated, and the garden was completely redesigned.
2
Partick Trinity Church Of Scotland Trustees’ Report (cont) Year ended 31 December 2024
Financial Review
The principal source of income is offerings, which totalled £100,347 in 2024, (up 30% on the previous year) with a further £22,569 recovered under the Gift Aid scheme. Investment income from reserve funds was £5,663 in 2024, up 3% on the previous year. Total incoming resources were £165,407 which was significantly higher than previous year total of £116,407 mainly due to increase in offerings and grants from various trusts and foundations towards youth work costs.
Total expenditure was £163,990 (up from £158,846 in 2023). This included £50,579 in payments to the central funds of the Church of Scotland; £52,717 in local salary costs for the full-time Youth Worker, Church Facilitator and part-time Caretaker; and £38,262 for fabric repairs and maintenance on the church and manse, council tax, and on other building costs such as heating, lighting and insurance.
Despite there being an anticipated deficit, due to surplus in reserve funds, decision was made to make a grant of £2,250 to our mission partners the Gonzalez Family towards the costs of their mission work in Mexico.
After financing these items, income exceeded expenditure by £1,418. This was much better than anticipated against a budgeted deficit of £25,239 as income was significantly higher than anticipated and overall expenditure slightly higher.
Risk Management
Since the majority of the congregation’s income is derived from voluntary donations by its members, the Trustees believe the main risk it could face would be of a reduction in the number of active members or in the commitment of those involved. They are reassured that at present there is no evidence for either of these outcomes materialising, but nevertheless remain committed to effective programmes of outreach and inclusion, and to the practice of promoting Christian stewardship as part of an ongoing programme of Bible teaching and Discipleship.
A further risk is of the need to spend significant sums of money on maintaining buildings. However the Trustees believe that adequate Reserves are held to meet this need should it arise, and are committed in partnership with Glasgow Presbytery to effective programmes of buildings inspection and maintenance.
3
Partick Trinity Church Of Scotland Trustees’ Report (cont) Year ended 31 December 2024
Reserves Policy
2024 saw an overall increase in value of investments held by the church in the Church of Scotland Income and Growth Funds, which increased by £6,709 from £140,206 to £146,915 due to improved trading conditions in market.
The congregation holds a Reserve Fund for the purpose of securing the smooth running of the congregation. The target value is the equivalent of between 6 and 9 months of total expenditure (between £82,000 and £123,000 in 2024). At the end of 2024 the value of the Reserve Fund was £123,162.
Any excess above the Reserve Fund may be held in a General Ministry Resource Fund which stands at £47,615. This money is available to spend on special projects in connection with the activities of the congregation. There is a deficit of £17,233 in restricted funds.
Structure, Governance and Management
The congregation is a registered charity, number SC007632 and is administered in accordance with the terms of the Model Deed of Constitution (or Deed of Constitution (Unitary Form)) and is subject to the Acts and Regulations of the General Assembly of the Church of Scotland.
Members of the Kirk Session are the charity trustees. The Kirk Session members are the elders of the church and are chosen from those members of the church who are considered to have the appropriate gifts and skills. The minister, who is a member of the Kirk Session, is elected by the congregation and inducted by Presbytery. The Kirk Session is responsible for spiritual affairs within the church, and meets three times per year.
4
Partick Trinity Church Of Scotland Trustees’ Report (cont) Year ended 31 December 2024
Reference and Administrative Information
Charity Name: Partick Trinity Church Of Scotland, Glasgow Charity Registration Number: SC007632 Congregation Reference No: 160982 Charity Address: 20 Lawrence Street, Glasgow G11 5HG
Trustees
Kirk Session Members
Principal Office-bearers
Independent Examiner
Bankers
Virgin Money 326 Byres Road Glasgow G12 8AN
5
Partick Trinity Church Of Scotland SC007632 Independent Examiner 5 Report to the Trustees of Partick Trinity Church Of S¢otland I report on the accounts of the charity for the year ended 31" 2024 Set out on pages 8 to 15. Respectlve responslbilities of trustees and examiner The charivs trustees are responsible for the preparation of the accounts In accordance ¥th rhe terms of the Charitles and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts (Scotland) Regulations 2006 las amended). The charty trustees consider that the audit requirnent of Regulatlon 10(1} la) to Ic) of the Accounts Regulatlons does not apply. It is my responsibllity to examlne the accounts as requlred under sertion 441) (cl of the Act and to stste whether particular matters have come to my attentlon. Basls of Independent examlner's statement My examlnatlon is carrled out in accordance wlth RegulaOn 11 of the Charities Accounts (Scotland) Regulations 2006 las amendedk An examination include5 a review of the accounting records kept by the charlty and a comparison of the accounts presented with those records. It also Includes consideration of any unusual items or disclosures in the accounts. and seeks explanations from the trustee5 concerning any such matter% The procedures undertaken do not pmide all the evidence that would be required in an audiL and consequently I do not expres5 an audit opinlon on the vlew given by the accounts. Xndependent examiner's statement In the course of my examlnatlon. no matter has come to my attention [other than disclosed below which give5 me rea59nable cause to believe that in any material respert the requirernents= to keep accounting records in accordance with Section 44111 lal of the 21)05 Att and Re9ulatlon 4 of the 2006 Accounts Regulations las amended), and to prepare account5 which accord with the accounting records and compty with Regulation 8 of the 2006 Accounts Regulatirtns {a5 amended) have not been mec or 2. to which, in my opinion, attention should be drawn In order to enable a proper understanding of the accounts to be reached.
Partick Trinity Church Of Scotland Statement Of Financial Activities Year Ended 31st December 2024
| Note Income and endowments from: Donations & Legacies 1 Charitable Activities 2 Other Trading Activities 3 Investment Income 4 Other 5 Total Income and endowments from: Expenditure on: 6 Raising Funds Charitable Activities Other Total expenditure on: Net Income /(Expenditure) Before Gain/Loss On Investments Gain/Loss On Revaluation Of Investments Net Income / (Expenditure) Transfers Between Funds Net Movement In Funds Total Funds Brought Forward Total Funds Carried Forward |
Unrestricted Restricted Funds Funds Total 2024 2024 2024 104,687 19,575 124,262 100 0 100 13,865 0 13,865 6,379 62 6,441 6,515 14,225 20,740 131,545 33,862 165,407 113,449 50,541 163,990 113,449 50,541 163,990 18,097 (16,679) 1,418 6,709 0 6,709 24,806 (16,679) 8,127 0 0 0 24,806 (16,679) 8,127 165,203 (554) 164,649 190,009 (17,233) 172,776 |
Unrestricted Restricted Funds Funds Total 2023 2023 2023 82,328 15,125 97,453 237 0 237 5,349 0 5,349 5,055 914 5,969 7,399 0 7,399 |
|---|---|---|
| 100,368 16,039 116,407 |
||
| 143,812 15,034 158,846 |
||
| 143,812 15,034 158,846 |
||
| (43,443) 1,004 (42,439) |
||
| 5,703 3,827 9,530 (37,740) 4,831 (32,909) |
||
| 43,501 (43,501) 0 |
||
| 5,761 (38,670) (32,909) |
||
| 159,442 38,116 197,558 165,203 (554) 164,649 |
8
ill
Partick Trinity Church Of Scotland Year ended 31 December 2024
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.
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities accounts (Scotland) Regulations 2006 (as amended)
Fund accounting
Funds are classified as either restricted funds or unrestricted funds, defined as follows. Restricted 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 wider objects 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 there from is used for the purpose defined in accordance with the objects of the charity.
Unrestricted 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 apply the fund.
Incoming resources
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS102) the general volunteer time of congregation members is not recognised.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised as expenditure in the period of receipt.
Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
10
Partick Trinity Church Of Scotland Year ended 31 December 2024
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 is payable for the use of these assets. Expenditure incurred on the repair and maintenance of these assets is charged as resources expended in the Statement of Financial Activities in the period in which the liability arises.
Investments
Fixed asset investments are stated at market value at the balance sheet date. Unrealised gains and losses represent the difference between 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 end of the year. Realised gains 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.
Taxation
Partick Trinity Parish Church is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities. The charity is not registered for VAT and resources expended therefore include irrecoverable input VAT.
11
Partick Trinity Church Of Scotland Notes Forming Part Of Financial Statements Year Ended 31st December 2024
| 1 Donations & Legacies Oferings Tax Recovered By Gift Aid Legacies Stipend Endowment 2 Charitable Activities Weddings & Funerals 3 Other Trading Activities Rent Of Premises Sale Of Property 4 Investment Income Bank & Deposit Interest Investment Income 5 Other Reimbursement From General Trustees Grants From Trusts & Foundations 6 Expenditure on: Charitable Activities Ministries & Mission Allocation Presbytery Dues Minister's Expenses Ministerial Assistance Pulpit Supply Ofce & Administration Fabric Repairs & Maintenance Council Tax Sound System & Music Staf Grants Made To Others Other expenses Total 7 Staf Costs & Numbers Salaries & Wages Social Security Costs The average number of employees during the year was a Ministerial Support Administration Premises Maintenance |
Unrestricted Funds 2024 84,39 18,94 1,34 |
Restricted Funds Total 2024 2024 6 15,951 100,34 5 3,624 22,56 6 1,34 |
7 9 0 6 2 0 0 5 0 5 8 3 1 5 5 0 8 1 0 0 5 3 2 8 8 0 4 0 2023 £ 46,57 3,17 |
Unrestricted Restricted Funds Funds Total 2023 2023 2023 65,108 12,288 77,397 14,860 2,836 17,696 1,000 1,000 1,360 1,360 |
|---|---|---|---|---|
| 104,68 | 7 19,575 124,26 |
82,328 15,125 97,453 |
||
| 10 | 0 10 |
237 237 |
||
| 10 | 0 0 10 |
237 0 237 |
||
| 13,86 | 5 13,86 |
5,204 5,204 145 145 |
||
| 13,86 | 5 0 13,86 |
5,349 0 5,349 |
||
| 71 5,66 |
6 62 77 3 5,66 |
444 13 457 4,611 901 5,512 |
||
| 6,37 | 9 62 6,44 |
5,055 914 5,969 |
||
| 6,51 | 5 6,51 14,225 14,22 |
7,399 7,399 |
||
| 6,51 | 5 14,225 20,74 |
7,399 0 7,399 |
||
| 45,93 4,64 1,93 74 12,02 38,26 3,83 1,14 2,25 2,67 |
8 45,93 1 4,64 0 1,93 34,230 34,23 5 74 5 148 12,17 2 38,26 8 3,83 8 1,14 0 2,25 2 16,162 18,83 |
53,665 53,665 2,683 2,683 1,988 1,988 32,466 32,466 420 420 10,938 10,938 26,004 520 26,524 3,755 3,755 146 146 8,750 8,750 2,997 14,514 17,511 |
||
| 113,44 | 9 50,541 163,99 |
143,812 15,034 158,846 |
||
| s follows : | 2024 £ 49,269 3,448 52,717 2024 Number 1 1 1 3 |
8 5 3 1 1 1 3 |
||
| 49,75 | ||||
| 2023 Number |
||||
All Church of Scotland congregations contribute to the National Stipend Fund which bears the costs of all ministers' stipends and employer's contributions for national insurance, pension and housing and loan fund. Ministers' stipends are paid in accordance with the national stipend scale, which is related to years of service (In 2024 Min - £31,642 Max - £38,884).
8 Trustee Remuneration And Related Party Transactions
, who as minister is one of the trustees of the congregation, was reimbursed for travel & telephone expenses (2024 - £1,930) and council tax (2024 - £3,838) and other building expenses for manse were paid by church. who as an elder and session clerk is one of the trustees of the congregation, is also employed as a Caretaker
(2024 Wages - £5,998). No other trustee received any remuneration or reimbursement for expenses during the year.
During the year a total of £38,594 was donated to the congregation by trustees.
12
Partick Trinity Church Of Scotland
| 10 Investments Investments Sold During Year Unrealised Gain / (Loss) On Investments Investments At Cost The following investments are held : Church of Scotland Growth Fund (Unit Price £6.38) General Purposes Ministry Resource Church of Scotland Income Fund (Unit Price £11.06) General Purposes 11 Debtors Gift Aid Tax Refund Due Fabric Expenditure To Be Reclaimed Robertson Trust Funding Due 12 Creditors Utility Costs Outstanding 13 Analysis Of Net Assets Between Funds Fixed Assets Investments Current Assets Current Liabilities Net Assets At 31 Dec 2024 Fixed Assets Investments Current Assets Current Liabilities Net Assets At 31 Dec 2023 Market Value At 1stJanuary Market Value At 31stDecember |
7,20 3,72 6,97 General £ 146,91 44,52 (1,427 |
2024 £ 140,206 0 6,709 146,915 105,276 6 Units 3 Units 9 Units 2024 £ 1,546 7,000 2,085 10,631 (1,427) (1,427) Designated Restricted £ £ 5 2 (8,233 ) (9,000 |
2023 £ |
|---|---|---|---|
| 180,683 | |||
| (50,008) 9,530 |
|||
| 140,206 | |||
| 105,276 | |||
| 2023 £ 1,865 7,399 |
|||
| 9,264 | |||
| (978) | |||
| (978) | |||
| Total £ 0 146,915 ) 36,289 ) (10,427) |
|||
| 190,00 | 9 0 (17,233 |
) 172,776 |
|
| 140,20 25,97 (978 |
6 6 3,44 ) (4,000 |
0 140,206 6 29,422 ) (4,978) |
|
| 165,20 | 3 0 (554 |
) 164,649 |
14 Volunteers
In common with all congregations of the Church of Scotland the congregation benefits from the contribution made by volunteers who give their time and talents willingly for the benefit of the Church. The areas of congregational life which rely on the contribution of volunteers are many and varied and much of the activity would be unable to continue were it not for the commitment shown.
| 15 Movements In Funds Restricted Funds Church Conference Account Kirk Session Youth Project Account SU Camp Funding Account Unrestricted Funds General Funds GP Reserve Capital Account Ministry Resource Capital General Fund Ministry Resource Fund Total Funds |
At 1 Jan Incoming Outgoing Unrealised At 31 Dec 2024 Resources Resources Transfers Gain /Loss 2024 £ £ £ £ £ £ (4,554) 8,154 (7,480) (3,880) 4,000 22,208 (39,542) (13,334) 0 3,500 (3,519) (19) |
|---|---|
| (554) 33,862 (50,541) 0 0 (17,233) |
|
| 118,500 4,662 123,162 21,706 2,047 23,753 0 130,430 (111,199) 19,232 24,998 1,115 (2,250) 23,863 |
|
| 165,203 131,545 (113,449) 0 6,709 190,009 |
|
| 164,649 165,407 (163,990) 0 6,709 172,776 |
13
Partick Trinity Church Of Scotland
Purposes of Restricted Funds
Church Conference Account – receive contributions and fund expenditure on the church weekend away
Youth Project Account – resources for Youth Work and salary costs for the Youth Worker
Purposes of Designated Funds
General Fund – general expenditure on charitable purposes
Reserve Fund – to secure the smooth running of the congregation and underwrite future major expenditure on the buildings
Ministry Resource Fund – available for special projects and initiatives
14
APPENDIX
FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES
CAPITAL ACCOUNT
| CAPITAL ACCOUNT | ||
|---|---|---|
| Credit Balances Held At 31 Dec At Cost Market Value Of Balances At 31 Dec REVENUE ACCOUNT Credit Balance At 31 Dec |
2024 £ 153,552 207,021 5,660 |
2023 £ 151,036 |
| 190,695 | ||
| 7,403 |
15