GIFFNOCK SOUTH PARISH CHURCH Of SCOTLAND TRUSTEES ANNUAL REPORT And CONGREGATIONAL ACCOUNTS Year ended 31 December 2024 Congregation number: 160861 Charity number: SC007807
Trustees Annual Report of Giffnock South Parish Church of Scotland Year Ended 31 December 2024 The truslees presenl 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 on page 10 of the accounts and c¢ynply with the General Assembly Regulations for Congregational Finan, the Chartties and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective 1 January 2019) Objectives The Church of Scotland is Trinitarran in doctrrne. refonned in tradition and Presbyterian in polity. It exists to glorify God arKJ to work for the advanment of Christ's Kingdom throughout the world. As a national Church, it acknowledges a distinctive call and duty to bring the ordinan$ of religion to the people in every parish of Scotland through a territorial ministry. It GcFoperates with other Churches in various ecumenical bodies in Scotland and beyond. Activitias, Achievements and Performance The Piesbytery Mission Plan has again taken up much time aNJ eneigy throughout 2024 and Cluster discussions are ongoing. The cluster now has 6 congregations after both Orchardhill and Williamwood decided to leave the cluster. This means that our cluster now has a 2.5 ministry allocation. Our membership currently sits at 485 members and our minister conducted 27 funerals. 3 weddings and 3 bapiisms throughout 2024. Special services this year included Hariest Thanksgiving, Remembrance Sunday, Nine Lessons and Carols, Sunday School Nativity, Christingle and Watchnight setvices on Christmas Eve. Midweek Advent and Lent services were also held with an average attendan of 16. Communion services were held on the first Sunday in February, second Sunday in May. the first Sunday in October and the first Sunday in Advent. We are fortunate to still have children attending Sunday Schcol every fortnight and their atterKlance in Church brings energy and enthusiasm lo our servIs. The chcNr urKler the excellent direction of our organist. throughout the year. ontinue to lead us in worship The Nurturing Faith Group continue to send out 8 monthly prayer list to those in the Prayer Circle. This list is updated every month by Moiag Stephen and includes not On the needs of our own congregation but encourages prayer for our community, the wider Church, and our world. Zoom meetings to discuss the sermon took pla over 6 weeks from tfE beginning of Octoter which generated some thought provoking and challenging discussion. The Men's lunch meets every month in Loks Bar and Grill with an average of 17 attending. The Kirk Session agreed this year to partner wtth Kintsugi Hope to run wellbeing groups. We ran our first group in February, and this ran for 12 weeks. Feedback frc¥n those who attended was very positive and it is hoped to run anolher group in 2025 that will attract more people from our local communty Sing Well meets on the second Wednesday of every month and provides an opportunity for those who love music to enjoy community singing and a cup of tea and a blether. Monthly Saturday lunch time concerts take place each month throughout the year and are organised by our organist.
In Harrnony Choir continues to thrive with concerts in June and December well supported and . appreciated. We continue to support the Sunshine Café, a weekly get together for people with dementia which is held in Giffnock URC halls. They provide a lunch of 50up and sandwiches, followed by games and music. The church continues to support Kwenderana with money raised from the after seNice tealcoffee donations. Tha Church charity this year was Cystic Fibrosis Trust and fund-raising events took the form of a 'Wear Yellow For Cystic Fibrosis, in June and a Quiz Night in November. Three members volunteer at the Lodging House Mission worf<ing in the kitchen or serving food to the Sefvice users. The Mission is also supported by offerings from our Watchnight and Christmas Day Services and donations from our Harvest Thanksgiving Service and Easter Eggs during Lent. Christian Aid collections wer8 again ably organEed in May b Used stamp collections have recently restarted and money raised goes to assist the work of Al Ahli Hospital in Northern Gaza. The InnIng arrangement wrth Pollokshaws Parish Church continues with support from members of Giffnock South and our church administrator prepares and piints their wpekly order of seNice. Our members continue to provide support for the Food bank at Carnwadric Parish Ghurch with food being delivered to them every week by a small team of dedicated helpeis. Our Safeguarding Co-ordinator, COntInueS to work hard to ensure all our employees, volunteers and truStS are PVG checked and appropriately trained. The Fabric Group continues to benefit from the investment in recent years in the renewal of leadwork to the roof of the church. the heating system and insulation works, and can now concentrate on norrnal maintenance of facilities to ensure that our church buildings are kept in a welcoming, warm and safe place for all. The lighting in both of our halls was upgraded- the Eglinton fitments were changed for more efficient LEDS and the Winton fitments adapted to utilise LED lamps instead of halogens. We are hugely indebted to our Finance Team both for their skill and Gofflmitment in dealing with all the financial matters within our church. Reappraisal took place this year in November and again packs were posted out and returned to lain Grimmond, our Treasurer. We were delighted that we received £16,275. We are deeply grateful to all our members who contributed in what has been another difficult and challenging year for all of us. We are grateful to our caretaker Finally, we cannot forget the hard Work of our Church administrator. top of all our adminislration, hall letting agreements. advertising and ma,iy o-hei Lasks. ho looks after our Church and halls. who keeps on Risk Management The Fabric and Stewardship & Finance Groups are jointly managing the risks associated wth the funding of the congregation's commitments to the Maintenan of buildings and to the widei church. Regulatory Complian is monitored by maintaining and reviewing a compliance log and addressing any issues which arise.
Investment Policy Investments have been placed wff(h the three funds of the Church of Scotland Investors Trust and these are regularly reviewed by the Stewardship & Finance Group to ensure the best overall return. The performan of the funds during 2024 against the benchmarks agreed with the fund managers was.. Deposit Fund (a cash fund for short-term investment) - the average interest paid on deposits was 5.10/0 matching average UK Base Rate of 5.41 %. Income Fund (a predominantly fixed interest based fund) the total return was 6.8 % against a benchmark of 1.70. Growth Fund (a predominantly equity based fund) the total return was 11.6% againsl a benchmark of 16.30 Financial Review The principal source of income continues to be from regular offerings, and a successful annual Reappraisal which is implemented in November. This seeks from members a lump sum donation and a commitment to review and, if appropriate, increase regular annual giving. The lump sum contribution as in prior years has been allocated to General Income to cover ongoing costs. The congregation has again responded generously this year with £16,275 being donaled, plus Gift Aid tax recovered, which is a very commendable result. Regular offerings in 2024. including Reappraisal and Gift Aid tax, totalled £137,317 compared with £147,406 in 2024. Income from hall rentals fell slightly to £31,178 compared to £32,780 in 2023 but the rental re1Ve from the fomer Church offir'S house increased from £6,640 to £8,818. We were most grateful to receive three legacies totalling £21,250. Unrestricted expenditure in 2024 was £182,544 (2023- £179,669) with no major fabric repairs required, but rising energy costs. Our Giving to Grow contribution to the national church to cover the costs of ministry and other work was £86,121 (2023 - £88.813). Salary costs rose from £31,618 to £34,352. The result was a surplus of £17,319 in unrestricted funds against a budgeted surplus of £2,096. After adjusting for unrealised investment gains of £13,191, total funds increased from £720,276 to £750,786, comprising unrestricted funds of £113,596 and restricted funds of £637.190. Reserves Policy It is the Trustees, policy to hold unrestricted reserves of at least 6 months, ordinary income. The total of the General Fund and the Legacy Fund of £113,596 at the year-end equated to 6.8 months. Reserves held in all funds at 31 December 2024 are as detailed in the notes to the Accounts. Reference and Administrative Information Structure, Governance and Management Governing Document The Church is administered in accordance with the terms of the Unitary Constitution. Recruitment and Appointment of Trustees 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.
Organisalional Structure 'The Kirk Session meets fomally five times during the year and receives reports from conveners of the Action Groups on all ielevant issues. Charity Name: Charity Registratic Number-. Congregation Refer No: Contact Address.. Giffnock South Parish Church of Scclland SC007807 160861 The Church Office 2 Grnhill Avenue Giffnock Glasgow G48 6QX Principal Office.bearers Independent Examiner Bankers Bank of ScotlarKI Trustees Ministsr.. Kirk Session
Trustees, Annual Report Year ended 31 Dècember 2024 Trustses. Responsibilities in Relation to the Financial Statements The charity trustees are responsible for preparing a trustees. annual repc)rt and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally ACpted Accounting PraGtice). The law applicable to charities in Scotland requiTes the charity trustees to prepare financial statements for each year which show a true and fair view of Ihe slate of affairs of the charity and of the Incoming resources and application of reSoUrs, of the charity for that period. In preparing the financial slatements, the trustees are required to: select suitsble accounting policies and then apply them consistently; observe the methijd and prin(aples in the applicable CharitEs SORP; makejudgements and eslimates that are reasonable and prudent" slate whether applicable accounting standards and statements of recommended practice have been followed. subject to any departures disclosed and explained in the financtal statements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operational existence. The trustees are responsible for kpIng proper accounting records which disclose wilh reasonable accuracy at any tirne the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005 and the ChaTlties Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the charity and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for maintenance and integrity of the charity and financial information on the congtegalion's website. Legislation in Ihe United Kingdo¥n governing the preparation and dissemination of financial statements may drfter from legislation in otherjurisdictions. Approved by the Trustees and suned on their behalf, Date:
Giffnock South Parish Church of SGolland SC007807 Independent Examiner's Report to the Trustees of Giffiiock South Parish Church I report on the accounts of the d12rity for the year ended 31st December 2024 which are set out on following pages 8 to 14. Respective responsibilities of trustees and examiner The charity's trustees are responsib for the preparation of the accounts in accordan with the terms of the Charities and Trustee Investment {Scotlarxl) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation 10 (1) (a) to (cl of the 2006 Accounts Regulations does not appty. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and lo stste whether particular matters have come to my attention. Basis of independent Examiner's statement My examination is carried out in accordance wrth Regulation 11 of the 2006 Charities Accounts (Scotlandl Regulations 2006 las amended). An examination includes a review of the 2ccounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disck)sures in the aountS and seeks explanations from the trustees concerning any suGh matters. The proTrdures undertaken do nol provide all the evidence that would be required in an audit and consequently I do not express an audit Dpinion on the view given by the accounts. Independent Examiner's statement In the Course of my examination, no mattar has Come to my attention 1. Which gives me reasonable cause to believe that in ar)y malerial respect the requirements.. To keep accounting records in accordance with Section 44 (1)(a) of the 2005 Act and RegUtIOn 4 of 2006 Accounts Regulations ias amended), and To prepare accounts which accord with the a(Lounting records and comply with Regulation 8 of the 2006 Accounts Regulations (as amended) have not been met. or 2. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached Date
Glffnock South Parfsh Church Statement of Financlal Actlvities Year ended 31 December2024 Unrestritted Restritted Lkniestited ResitKted Funds Funds F$ Futsds Tot¥1 2023 2023 023 Incorne fvom.. Donations and le8acles CharitaNeaciiwties weddiny ènd fufierals Other tfadins actiwties- hall rents Church Officer's House- iontal Investments 148,406 1,712 32,780 6.640 148.406 L3rKI 31.178 YLin 32,780 6,640 4.282 273 273 4,282 2B 189.548 4,282 193,830 R•iSin8 funds- FWO Charitsblt4ctyvities 150 150 &2TJ 179519 4.7Z4 184.243 18B.817 179.669 4.724 184,393 14¢t 1ncomell¢xpe4yr1j tyefore 8$0Tr I$1MentS 17.319 17.319 9A79 9.437 GalnllL0551 on 5aleollnvestfflents GainllLossl on IalUatiOn of investritr 13.191 11.219 NEt In[utI(Np¢nditur¢D 17,319 30,510 979 10.777 20,656 Translr% 1* Funds Nyi rnovernent tn fTr 17.319 510 9.879 10.777 20,656 Recon¢lllatk)n ollunds.. TotallndS 0v8h1 knwaid 277 621W3 86.398 613.222 699.620 637.1 96,277 623.999 720,276
.Giffnock South Parish Church Balan Sheet at 31 December 2024 2024 2023 Flxed Asseis Heritable property Investments 673 195,534 207 498,fj73 167.352 666.025 Current Assets Debtors Cash ondepositand atbank 12,498 53.640 13.441 42.2L6 SS.657 Current Ilabllltlts Credltors fallin8 due wthin one year 9,559 IAOG Net Current Auèt$ 5fi579 54.251 Net A55ets 720.276 The funds of the charlly Unrestrlrted Funds io General funds 32,809 80,787 36.740 59,537 Deslgnated funds ll3.$96 96,277 Rèstrlded Funds io 637.11 623.999 Total Funds 720.276 The ac¢ounts were approved by the Kirk Session on 26th March 2025 For 3 nd on behalf of the Kirk Session
Giffnock South Parish Church Accountlng Policies The principal accounting policies, which have been applied consistently in the current and preceding years in dealing with items which are considered material to the accounls except for the treatment of the Manse, are set out below. With regard to the Manse. this is included at cost including refurbishment expenditure sin acquisition. As it was acquired in late 2009, il was considered neither ne$sary nor relevant to revalue it. The revised accounting policy with respect to Herilable Property is detailed 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} effective from 1 January 2019 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 lo specrfic requirements as to their use, which may be declared by the donor or with their authority or created through legal processes, but still ythIn the wider objects of the charity. Unreslricled funds are expendable at the discretion of the trustees in furtheran of the objects of the charity. If parts of the unreslricled 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 onty and does not legally restrict the trustees, discretion to apply the fund. Going Concern The Trustees consider that there are no material uncertainties about the ability of the congregation to continue for the foreseeable future, and therefore have adopted the going concern basis in preparing these accounts. Incoming resources All donations and gifts are included within incoming resour$ under either unrestricted or restricted funds according lo the terms under which the donation is made and when Ihe amount can be quantified with reasonable certainty. Donations and gtfts in kind are brought into the accounts at their market value to the charity. Resources expended Expenditure is recognised on an accruals basis as the liability is incurred. Heritable Property The charity has the right to occupy and use for its charitable obiecls certain tangible fixed assets, including Ihe Church, halls and Church Officer's house, vested in the Church of Scotland General Trustees, also the Manse, the lilles lo which are held in safe custody on behalf of the congregation. 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 except as part of the acquisition where these are capitalised. The Manse has been incorporated in the Accounts al cost and the value will be revalued as deemed appropriate by the Trustees. Where a material difference exists between the market value and the accounts. a revaluation or impaimient wll be recorded. Investments Investments are slated at market value at the balance sheet date. Unrealised gains and losses represent the difference beleen 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. Taxation Giffnock South 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 charty is not registered for VAT and reSoUrS expended therefore include irrecoverable input VAT. io
. Giffnock South Parish Church Notes formlng part of the finan¢ial statements for the year ended 31 December 2024 Vnrestrlcted Restrltted Funds Funds )24 iknre5trlcted Restrbcted Funds Fufids 2023 Total Total Z023 2023 l Donatlons & Ley¢les Offerings Tax recovwed on Gifthid 112.211 24,556 21.21 550 158,567 121.IY)2 25,629 121.W2 25,629 24,556 21,250 550 Legacies Contribution5- own w8anisa¢iDn$ 775 148.406 775 15&567 148,406 2 Inve#ment Incorne Deposit interest Dividends recwved 253 253 4,029 4,282 4.427 6.273 4,029 4.282 6,273 3 Anatysls of EXPndvIt Charltthle Ac11lieS Givin8 To Grow Contribulion Glasgow Presbyiery Dues Minister's Expense5 Staff salary costs Fabric Repairs & MaSntenance Gas & EILrtricsty Costs Council Tax- Manse 86.121 9,583 86,1 88.813 5,320 3,430 31.618 10,298 I6.¢1 3,589 9,376 3.762 405 585 88.813 5,320 3,430 31,618 14,580 16.(El 3,589 9,376 3,762 405 585 538 523 375 5,268 34.352 13.019 17,045 3,675 9.805 2.952 1.114 744 L637 34352 19.292 17.045 3.675 6.273 4,282 Other BuSldin8s Costs Church Office Expffises Orgari & Mu51C KSik Session Groups, Èxpenses Other expenses Flower Fund expense5 Youth Groups, expenses Stonework rÈpèir- front Steps 1952 1.114 744 L6a7 81 375 S.268 442 265 Total 182,406 6.273 188,679 179,519 4.724 184,243
Giff nock South Parish Church Note5 forming part of the financlal $t#ternents for the year ended 31 December 2024 4 StaifLD5t5and nvmber5 24 2023 Salaries ènd wages 31.618 ThEavera8e llurnbeT of efflployees durlftgtheyeai. Calcula on Ihe basis of a Cou[ wa5 a5 follow5= 2Q23 Numbei Number Admln15traLlon U51C 5Lalf Premise5' JtkRintenance AJI Church ot Scotjand congwaV$ Coffltylbvie the Natlonal Stiwd Fund thich bear5 the costs of all ministws, stiperd5 and employer's conirlbutions for nattonal i ftsurante. pensioTr ond HOUSinB & Lo4n fund. MinisLers' sbpeTrds are pald In actoidance naonal 511pend sc3le. which is related to years of service. For the year under rleW the minifflyrn stypend was £31,642 and the fft•xirnum stipth)d wa5 £38.884 ih thg fifth and %b$@¥UbI years. No Eryloyeehad employee benefits In ÈxCS of É60.012o23..n0ne) 5 Trustee Remuneratb)n & Related PartyTransartlorts a Trus. was r1Mbr$ cy had e¥penses paid. IDtallin8 £S.769. in respect of Cwncil tsx £3.675. -.tro .1nd lelep)ne. 11 & surdries £1.134 Apart frorn the above. no TrusteÈ or a pw50n relaled tr a Tr¥5tee had any personal interestin any CltractOr wan5OCllon entered into by the charity during ihe year. Durin8the year a t4al of É42.024 l•¢cltsdin8Gift was dC¥lat tty the corye8atioD by trust$ 12023 £44.S881 6 Tan8ible F6xed Aqet5 2024 20Z3 Cost Property 498.673 Property 498,673 At l January 2024 Additions Revaluatlon At 31 2024 494673 498.673 Accumul*ed Depr•u4tlon At l January 2024 Chargè for year iminaied on Olsposals At 31 DE¢b 2024 Net Book Value At 31 Deceynber 2024 498.673 498.673 7 Inve%tmefits 2024 Z023 MarkotvaluÈ èt 31 DecEmber2023 ditionsAOi5posalsl Realised 8ainlllossl on sale UnrealSseo 8aln/llossl on Investments Marketvalueat 31 December 2024 167.35Z 14.991 151,138 4,995 11191 195,534 IL219 167.3S2 Inve5trnenls at cost 134422 121.431 The following investments were hdd at 31IIZ124= Cos Investo¢s Trust- Growth Fund- 23.043 units Cos InvÈsto¢s Trust- Income Fund- 4.387 urits 12
Giff riock South Parish Church Notes forming part of the finan¢lal statements for the year ended 31 Decernber 2024 8 Debtors& PreprneIs 2023 Glft Aid tax due crued Income 9.200 4.241 13,441 12.498 9 Credltor5 lalllng due wlthln I year Accruals Other creditors ,107 1,452 9,559 1.296 iio 1.406 10 Movements in Fullds Bal*o at OutBolng Resour$ ¥estmertt Transfer5 Balano at 0110112024 Re$wrS RevUatIon 3111212024 Re5¢ricted lund5 Manse Reserve Property Reserve 498.673 125.326 623.999 49873 138,517 637,190 6.273 6.273 6.273 6.273 13,191 13.191 Lknre#rltted lunds General Fund Legacy Fund 36.740 59.537 96.277 178.613 21.250 199.863 181.544 32,809 80.787 113.596 182.544 Total funds 720276 206.136 188A17 13.191 750.786 Boljnce ¢7t OutgOiIIP knvestn7ent Tronsfv¥ Revtsluotipn Bolt7nce flt 01/01/2023 31/12/2023 Restri¢tedAund5 FlowerFund Munse Reserve Property ReseThe 442 498.673 114,107 613,222 442 498,673 125,326 623,999 4.282 4.282 4.282 4.724 11.219 11.219 ihJrestrlrtedfvnds Gerterul Fund 22.593 63.805 86.398 188.548 1.000 189.548 174.401 5.268 179.669 36,740 59.537 96.277 LegotyFund rotolfynds 699.620 193J30 184J93 11.219 720.276 Manse Reserve.. this represents thepurchaseand ielufbishrrentC05t of the rnansl Property Reserve.. this ¢epr#ents the net proceed5 following saleof theformw manse less thÈ puftha5e and rEfurbi5hrnent costs of the new manse. It is understood that the vseof this reser¥e 15 (OT thefabric of the manse. safittuary and hall5. Legacy Fund.. wherÈthÈ Tru5tee5 have 5eta5ide funds from le8acies for fure use. 13
Giffnock South Parish Church Notes forming part of the financial statements for the year ended 31 December 2024 11 Analy51s of Net Assets Among Funds General Desl8nated Rèstrkted Total Fixed Assets 498,673 498.673 Investments 57,017 138.517 195,534 Current Assets 42,368 23.770 66,138 Current babilities 19.5591 19559) Net Assèts at 31 December 2024 32A09 80.787 637,190 750.786 Geneml Designuted Restrirted Totol FixedA55ets 498.673 498,673 Investments 42.026 125,326 167.352 CurrentAssets 38.146 17,511 55.657 Current lbilitIeS fl,406J (IA06J Net Assets at 31 DeceMr 2023 36,740 59.537 623,999 720.276 12 Collections for and donations to 2023 Thlrd Partles Erskine Hospital Lod8in8 House Mi55ion Preschal Trust Macmillan Cancer Care 453 1,297 2,027 291 Kwenderana Turkey/Syria earthquake appeal Cystic Fibrosis 667 617 474 L452 Total 3,368 5,761 13 Volunteers In comrnon with all congre8ation5 of the Church of Scovand the con8re8ation benefits from the contribution made by volunteers who give their time antl ialents willin8ly lor the benefit of the Church. The areas of congregational l ife whSch rely on the contribution ol volunteefs are many and varied and nweh of the activity would be unable w conti nue were it not for the commitment shown. 14