SCOTTISH EPISCOPAL CHLIRCH DIOCE8E OF GLASGOW & GALLOWAY ST JOHN THE EVANGELIST CHURCH '. GREENOCK REPORT OF THE VESTRY & ACCOUNTS YEAR ENDED 30JUNE 2024 Reglslered In Scotland a8 a Cliarlty Charlty Number SCOO8299
ST JOHN THE EVANGELIST CMURCII.. GREENOCK Contei)Is Pag8 TEu8lee8' Annual Report Rewl ol the IndeNdent Examlner stalemenlol Financial A¢liwlies Statemenlol Flnawal Aciiiti83- Comparativ8 Balanc8 Sheol Nolès lo Ihe Flnancial Slalements 9-15
ST JOHN THE EVANGEL18Y CIIURCH: GREENOCK Trusl&85' Annual Report forthè year ended 30 June 2024 The Truslees present the anniial repoiland 8c¢ounls lor Ihe Church ol SIJcthn the Evang2li$l, GertOCk, lor the year ended 30 June 2024. Tlie financial statements have been prepared in accordance i117 Ihe ac¢ounling polideg $eloul on page 910 the accounts ond coniply wilh IheCho11liesand Twslee InveslmenllS¢ollandlAcl 21)05, Ihecharitie$AcunI$1sCOV9ndl Regiilaltons2006 lasam8ndedl aTrdAc(x)unlin9 and Reporbng by Chaiilies Slatemenl ol Re¢omniended Praclce. ObJo¢llv¢$ and A¢llvllla8 Sl John's Church is a member of the Scoib'sh Episcopal Chuich which is withln lh8 worfdwid6 Angllcen Communlon. Sl John s is a member churth ol th8 Dioc8se ol Glasgoiy and Galloway and in maltets spirilu81 Is 8nswer8bl8 to the Bishop Dean. Sl John's is a place ol prayer wheie we share Jesus, message ollove, joy and peace and through m8ny different inleresl groups, Actie9 and projects striv81o pullhal MeOge into actsDn in Olsr communily and the wder woild. Ourworship is lilurgical and Euch81iStlc, blending the beslollhe tradifiona1v1h Ihe beslof the (x)nlemporary. We hava Ihe potenbal lo caler for all age group5 through ourcrécho laolilies, Sunday school, Sunday Bible Study sheet for Ihe congregation, ¢Xt4slon&l study series artd pastoral care sel up. Achl6vernent$ and P8rformanc8 AS Ihe church is kMXted in of high Sociil depriyation il ende8vours lo become Invdved. by bolh membershlp and through donation$, %Mth a )umberollo¢al charibeswho offer practical help lo low-incomè oamer8. tho slck and dylng, larnllles and individud5 fequiring SUPPOrt selung up homg. Flnanclal Revlow AiOh the financkl posillon ol the Church is sound ihe lovel of giving from members is insufficient lo meel gUlar ongoing ¢ommitrnenls ol the Chur¢h aTrd expendilvre 1$ grOvng faster than income. To Ihal end trsfer$ ar& made from Ihe endowment fund lo (x>vet the shortfall. A resIaOn fijnd ialslng team has b88n and remalns aclSvo Sn Nnnin9 evenls ITr support of Ihe renovations (o the hall and Ihe thur¢h. U3e of lh& thurch ha15 by community group5 ¢ontinues lo incfease and il 1$ hoped Ihat thls trend will wnunue. R•serv•$ Poll¢y For many years th8 church has been rf8pendenl on Sls Investmsnl porllolio lo allow paial encashtnenls lo be made lo fund the defidls on our Unrestricted Funds acwuThl. While Ihe Trusleesafe awareolthe need to subslanti31ly reducBoreliminale Ihe Unr88knded Funds deficits Ihere has been lillie progress in achieving this objectivè in fecenl ye8r8 and thlsu)uld tsvèr tme tt>mprom18e the church's aim loensure that Ihe level of re$eNes remaln rolxJg1 enough lo cover 8118venlualllies Includng uftf(eseeTr Ceff capital expenditure. Total fiJnds held on 3Q June 2024 were £531,36912023'. £507,162) olwhEch £20,98212023'. £15,884) were restllcled funds.
SY JOHN THE EVANGELIST CHURCH: GREENOCK Tru8le8s' Annual Report fortho year endBd 30 Juno 2024 Plans lorfulure perlod8 The church conlinii88 lo siipporl thg Blshop's inilialives lo lormulale &vi8Neslrale9ylor8lren9lhening church misslon and groyilh. SlJohn'8 conbnues with lis established iyorship progiamme, Ixjnducls a lenlsliidy series and assosses certaln etudal mainl&nance n8eds wmln9 b R¢laled Partlès Ap8rt from an obligation to pay Quota to th8 Diocese th816 are malerf81 transactions with anyothei(x)Mecled OT a$$o¢ialed IxKly. other than tho$e noted ITr note 510 Ihe accounts. R18k Manauement The Ve8tsy Ifru81eesl18ke rfsk fftan8gemenl very Seriously 8nd in order lo keep thl$198U8 under regular rowew PVG1g m8iTr(ained as an 89ellda it8rn for every meeting. and our PVG Co-ordlnaior consulted on uFdating practi. Property - nominated Vestry m8n)beis and ¢hurth members wilh parficular $kills logelher ensure that there is appropriate ¢8re and fflalr>l&n8ftee ol the property. Thoy are 1¢sponslble for maklng iecommend8fvns lo Vestry for dedslons aul the curienl 8lale ol the piopeily lo en8ure Ihe church is mainlalned in gocKI condibon. Flnanco- agaln, nominated Veslry membpr8 logelher with our ex-offi¢lo Fundg Manager OV8F8eg the finart4al p8rforfftan¢* of th8 charity. Thls indudes a iegu18r remewol tho Inveslmenl porif(Alo and piepaiauon ol a c4shflowwhlch ensur6s that Ihe chaTrty is $ol¥enl. Stfuclur¢, Governance and Managèment Govgrnlng Document Sl John's, Greenock, 1$ a memb8r ol Ihe Scoliish Epi8ra)pal Church, parlof the worldwde Angliean Communion and sublecl lo Ihe ¢8nons of that Church. The sup8ilor authority Is the Bishop ol Glasgow and Galloway. The constitutiu) under whlth Ihe Churd)1g govemed was Instiluled in 2005. A r8v188d and upjaled con51ituUon was approved and adopted In May 2017. Recrultmgnl and Appolnlmgnl of Tru8te88 The Ttu$ts8s Iximprtse the Rector and the Vesty mefflbershlp. Ex•offldo church m8mb8rs assist in advislng Iho Trustees on fiTr8n¢ial and property i8sues as necessary. Every Annual General Me8bng, as openlngs to Vestry m8mb8rship emeigo, new eppoinlmenlg are mad lel¢¢led where neces5aryl' lh8 Ao))uThts adopted, and the Indepgndenl Examinef lor the chur¢h Acc()unts affiimed by the Meelng. Vestryoffices- Treasurer, Fund5 Manager, Secretary- are Ihereafter ¢(ffillmi8d by V¢stry MenarS itb meeting. We conlinue the praclice ol 1hree.year leffiis foT Veslry Members, vrith al leaslone yearfs break before FeaFvlwng for membership. Organl8alional Sliucturo The Vesty whlch meet$ regully[8-l0 Me9 a yearl or as requlred, is (8spons1ble for lh& wnnlng of th8 Church and th8 malnlenance of 11$ properUe8.
ST JOHN I'HE EVANGELIST CHURGH , GRNQCK Tvust0è8' AThUal Report foylha yoar onded 30 J0 2024 Reference and Admlnlslralion Inloimalio Chaiily Name.. Sl John Ihe Evangeli81 Chur¢h.' Greeno¢k Charity Regi8tration Number- SC(M)8299 )nt0¢lA(klsS. UnK)n Street, Green¢K*, PA16 8KI, Scolland Truste68 & V&slry Indendent Examln8r alker 179a DaIryme Street Greenock PA151BX 88nk8rs Tho Roy818ank of Scouand plo I Cathcart Street Greenock PAIS 18A Investment Managors Ralhbonas Investmenl Vfjnagem8nl George House 50 George Souare Gl85WW G21EH
8T JOHN THE EVAPIGELIST CHURCH .. GRIENOCK TruslÉes' Anhual Reptsit lorlliè year elided 30 Jiine 2024 Slalemont olTrusle88' Resi)on61bllllle8 The Trusle8s are respon$iblo for pr¢paflng Truslee $ Annu81 RepDrl and Ihe Inandal slalennls in iwih applic8bl8 lavi 8nd Uni16d Klng¢Jom Attounllng St8nd8rdg (United Klngdom Geneially Accepted Accounting Praclrel. Ch8rtty Iwv requlr8s the trustee5 to prepare finandal statements foreach financ4al year Ythich show 8 tru8 and fair ¥Ew ol the slalo of affair8 ol the charity znd of e in(x)me and expendilufe ol Ilie diarity Icrf Ilial sxiio(l. Iii preparing those fiiianci41 statemen18. the trustees 8re reque lo: S8lecl Suilablè accounlln9 pthtdes and Ihen 8pply them consL8tsnUy', Obsetve Ihe methrKt8 and prinoples in the Charity SORP- Make judgements and eslimale5 that are asOnable and prudenl; and Prepare th8 financE81 slatem81118 on the gdng Con[ ba$i$unles8 il ts Inapproprla161o presume Ihe charityyill (x)nlinue ui operalmal 6xis18n Slate whether applicable denting $landard$ have keli followed, sublecl lo any d8partur88 dlsd088d aThl wlaln&l In Ihe nanal stalernenls. Thts Twsl80s aio lor keeplng adequal8 a{ntsng ra&)rds thalao suffidenlto show and èmplaln thg charills tran5adions and dI10s8 Y1h reasonable acur8¢yal any1Sm& Ihe flnandal posluon ol the(haTIty and loenabie Ihem lo ensufe thalljie fan¢11 slatemen15 comply Ivith Ch8ri11o9 and Tru$le8 Invegknenl IScott8ndl Act 2005 and regulation 8 01 Uie Charities Accounis (Scovandl R8gulabon$ 20[6 la$ aMded). They are glso responsible for safeguarding the assels ol the thaiily and In for18k1 reasonablo $lep$ for the prey*nWon aete¢tion ol fraul gnd olh8r IrregulBrilgS. Approv8tl by th& fwglee$ and Sned on Ihelr b8h811, by Dale.. 8th Drnber 2024
ST JOHN THE EVANGELIST CHURCH '. GREENOCK Iiid¢p8ndenl Fxamlner'8 Rfrportto Ilio fiusleosof Si John thè Evangellst Chui¢h.. GreonDck I report on the a¢o)u¢ils ol Ilie charily for Yes1ed30jUn0 2024 vihkh seloul 011 p es61015. Re5peclive responslblllllès of trustèes and 6xamlnér Tlie chaiily's tsu5te85 arg ro5PJ115ible foi the preparation ol Ihe ac£ounls ITr wrdance wlth the torms of lh8 Ch8riliès and Trust8 Invostmenl Iscouandl Act 2005 811(l the CharitsesAoxuiils {ScoUandl Regula0[1$ 2QD6 la5 amended). Th8 tharills trvsleos drthat Ihe audilrequlremenl of Regulation 10111 (al lo Ic) of ihe 2CIl8 Au1$ RegUlain& (as amend) (k)Bs not apply.11 Is my responslbillly lo exam8 th& aoxunts a8 requIr1 u1&r$e¢on 4411) Icl orth6 2005 Adand b) stale whettier parbajlar n7aNeis haveo)melo my8tteThlton. Basis of the Ind8pendent examlner's T6POrt My examin81trA is ¢2Nied out in accordance wllh Regul8lon 1101 Ihe Ch•fiVe$ A¢N(S (Scollandl Regulations 2th26 las arnenthadl, An exam5nation indudes ¢1 re¥01 Ihe accounlng re)rS kept by the tlIty8nd aeompari£on ol th8 80))un18 prés8nted with 89 record& 11 also includ&$ nSIderab¢ olany u51usual items oi dls¢hJsuies In Ihè accounts, and seeks oxpl8naUonsfrorn the Iru81e98 conc8rnlng any Such mall8rs. Th8 piocÈduf¢s undeflak¢n do not yroyide all Iho evenCe Ihal would bg iequlred In an audll, and Cc59qenuY I do not Éxpr 8n audil oplnEon on tlw given by th8 &wurkts. Ind8pendenl frxamlner'8 8t8leMont Iha cour88 of my ex8mlnaUon. n) mal(èr has com8 to myalt8nlion'. whith glves m8 r8asonatAg caus& lo téKgY8 Ihal in sny mal81ial rwect Ihe requlrements.. to keep ac(x)wbng recoids In 8CcO[dce I1h Se¢liM 4411118) ofthts 2005 Act and Regulalon 4 oltho 20D6 A¢xounts Regulalions las ameiidedl, 8nd lo preparo a(£x)unts whKh 8c lh& a¢JyJunllrKJ re[5 and compty with Re98tim 8 01 lh8 200S Accounts Regulalion8185 am8nded} have not beon nwt or 2. to which, in my onIOn, attenllon should b8 diawn in order b) fjn8ble a pmper under8td[ng of the )unIS to be r8ach8d. Charleied Aocoun13fi1 Wefsh Walker lIe(j 179a Dlrymple Street Greenock PA15 IBX
ST JOHN THE EVANGELIST CHURCH ., GREENOCK statenient ol Flnancl&l Acllvllies Year gnded 30 June 2024 Unr¢slrlcled Fund$ Rè$lri¢lod Funds Endowmgnt Funds De8lgnal¢d Funds Total 2024 Note Intom& Inrne from donations and legades Investment in{xo Cmhef IneA)me- Insuran daim 63,530 2,672 68,828 9,961 7,269 Total In¢om9 5,298 Expendlluro Expenditur8 on tharitable actiMti85 97813 1 105102 Total Expendllur¢ 105,102 Nel lexpendllvreifin(xJm8 belore gains on Inve81ments 131,611 1 5,298 128,3131 Tianslers beiwe8n fiJtM15 Rea118ed gain on inv8slm8nts 4,642 4,642 Ufirealised nelgain l{1055}on Investments 11.679 34,199 Nel mov¢m¢nt In funds (15,290 1 5,298 34,199 24,207 Reconclllallon of lunds Total fund8 brought lorw8rd Total fund8 carilod forward 270.988 507,182 205.200 305,187 531369 l Tesulls relate to conlinulng &livities. The notes on pag8s 9 to15 form part ol these actouni8.
ST JOHN THE EVANGELIST CHURCH. GREENOCK StAl•ment of Flnanclal A¢llvllle$. COMPARATIVE Year ended 30 J¢4ne 2024 Unr8slrlc18d Funds Rèstrl¢led Funds Endowment Fund$ Dgslunatod Fund$ Total 2023 Not• In¢om& Ino)ffle from donalons and lega(xe8 Investment Income Olh8r Ino)m8- ifisur8nce dalm 62,641 2,725 4,141 66,682 9,636 6.285 6,911 Tol81 Income 71,551 4,141 6,911 Expendlturo Expondllur¢ on charita9 acllrflles 94,561 Total EKpendllur6 87,650 N91 (&xpendiluroifinwme b&for8 ga¥18 on inveslfft8nts 118,099 ) 4.141 {11,9581 Tr8n$lers beknen fund$ Nelgain Illos$l on knveslm8nts 982 19,762 Net movem&nl In funds 115.117 } 4,141 19,762 8,786 Reconclllallon of funds Total funds brought lotward 235,607 11,643 251,226 498.376 Total tunds carrled foNard 270,988 Jl re$ulls relats b) continuing a¢blle$. Tho notes on pag85 9 to16 fom) part of th680 a¢nIs.
srJoHN THEEVANGELIST CHVRCH: GREENOCK Balance Sheet as al 30 June 2024 Note 2024 2023 Flxed Agsels InveslmeTrls Hanl, Flxluies & Filbftgs Pmperty Y29,624 325,241 3,589 162,672 162.672 493,6 4$102 Current A88et8 Sundry deblois B8nkleposi18 Ca$h 12,509 37,301 2,011 &1 1&420 1,4SI 51,821 19,977 CurrènlLlabllllle$ Sundryeiedil Not CurrèntAssots 37.564 1&660 507,162 The Funds ofth¢ Charlty.. Catylal A[11.desIgna Revenua Atxounl-Iinr8slrfcled C8pII81 RèSeNe.deSftdIed R95tricl8d 142.515 205,2 162,672 20,982 108,316 220,4 162,672 Total Charfty Funds 531.369 507,162 and *Aed on thelr behaifby.." The noles on pages 910 15 forth part ol Ihe88 )unts.
ST JOHN THE EVANGELIST CHURCH . GREENOCK Nolos to lh8 Fliianclal Stalemenl8 Forlhe year ended 30 June 2024 A¢counllny Pollcles Bisls of preparallon Tli2 finaneJel slalements of Ihe ¢hailly, whlch18 8 public benefil enfily linder FRS102 have been prepared in accordance with applicabl8 aceounbng slandards in the United Kingdom and in [dare viih the charities SORP IFRS1021 Accoufibfig and Rew)rbng by Ch8ritie$: Slalemenl of Recommended Pracbce applicable lo tharities preparing their accounts in acccrdanc8 wlh the Finand81 ReporbRg Sl8ndard 8pplicablein the UKand Republicof Ireland IFRS1021 leffeciive1 January2019), th8 Chariti85 and Twstee Investsnenll&x>Uand)Ac12005 and The Ch8ri1ies Accoufils {stI8nd) Regulalions 2006 las amended}. The financial $lalemenl8 hav& been prepared under the historical ts)$lwnvenlion, wilh the exception ol Inveslmenl8 which are acwunted fof a1181r value. Golng Con¢èrn The trustees hav& consldered a period of hFi8lve months from lh8 dale ol their approval ol Ihe financial slalemenls and, taking Inlo account th8 d18ritl8 n8188sel lItOn and 8xpected fulura InJMa, they conslder il approprfate lo prepare the finWial slalemenls on a golng con(xm b8sIs. Fund8 Funds aTr) dassified as elih8r teslricied or unreslrf¢led lunds, defined as follows. Reslricled funds are funds subject lo specific requiremenls as lo their use whKh may declared by Ihe donor or wllh thelr aulhorily or ciealed through legal processos, bul still within lh8 WEder objecis of Ihe charity. Unfestrlcted tunds afe expendable al th8 dlstteuon of the trustees in lurtheranee of Iho oble¢b of the charity. If parts of Ihe unieslrf¢led fijnds are earfflarked al the disueU¢n ol lh8 truslees lor a parb'cular purp058, thoyare designald as a separate lund. The de$l9nabon h89 an admin15Lrativo puip05e only and doe5 not legally rgstllcl ihe twslees, disuelron lo apY th8 lund. EndovTheRI fvnds all unresiricled. In¢orn) All donations and g1N8 are Induded Iwlhln Income under elther unreslrfded or reslricted fvnd8 aco)rding lo the 18rffls under whith the donation 1$ made wh8n the ¢harily 1$ enblled lo the Income and when Ihe amount can b8 qll8Trtifted reasonabl8 C8rt8inty- Donations and glfts in nd are broughl into th8 awunls al their maTkelvalu8 lo lh8 charity. Exp¢ndllur¢ Expendilur8 is reeognlsed on an aciYu819 bas[$ as Ihe Ilabllily 1$ Incurred. Inve8lm¢nl$ and Investment Income Investments are included ITr lh8 balanceshe81 almatkelvahje. Goinwlosses on Invesknenls ar8 re(x)gnisd in the peitod In whlch they arlse. Invegtmenl In[le is¢redited to lh8 SlaiementofFinonal Actiwtl8s when r8celvable. Flxed Asgets AJI iangiblg fiKed assets ha¥lng a vabje lo th8 cho1itygreal8r than one year are oapilali8eil. Taxallon Sl John The Evangelist Chuich.. Greenock Is te¢o9nlsed as a ¢haiily foi Ihe purpose of appllc8bl& taxavon leglslaUoTr and 1$ Iherèlot6 not sub11 kn18xation on its ¢harilable a¢tivities. Th8 Charity 15 not reglslered for VAT and expenditure Iherefore indudes irrect)ver8bie Snpul VAT.
ST JOHN THE EVANGELISTCHURCH.. GREENOCK io Notes to th• Flnahclal Slalemènl$ Forthoyear ended 30 Jur)0 2024 Unreslrlcl Funds Reslrlcled Funds Endowment Funds De8lgn8led Funds Total 2024 Income from donallons and legacleg Oflerings Tax recovered on Gift Aid Legacles 40,733 8.670 40,733 8,670 5,298 5,298 13,027 1,1QO Othe( Dioc*8an Grant 13,027 1,1QO 63,530 5,298 In¢omè from donallons and lèga¢lo9 Unre8lrl¢led . COMPARA71VE Funds Restrlctad Funds Endowment Funit8 D8slgnal8d Fund8 Total 2023 Offetlngs Tax recovered on Giftd Legaue$ Donations Oiher Oloce$an Gr1 43,122 10,283 43,122 10,263 4.141 4,141 7,256 7,256 1,gtKI 68,682 Unr¢$lrl¢t¢d Fund$ Reglflcted Fund8 Endowment Fund8 Deslgnaled Funds Total 2024 Inv¢$lmont In¢omo Diwdend$ Bank interest 2,635 37 7,289 9.924 37 2,672 Unreslrlcted Fund6 Roslflcted Funds Endowmont Fund# 008lynalod Funds Total 2023 Inv@¥lm8nl Incom8- COMPARATIVE Dilldend8 Bank Interest 2,710 15 6.911 9,621 1S 2.725 9,636
ST JOHN THE EVANGELIST CHURCH,. GREENOCK 11 Notes toth& Flnaiiclal Sl?lemenl8 For Ihe ye8f ended 30 June 2024 UnT051rlcled Fund$ Rgslricled Funds Endowment Funds Deglgnated Funds Tolal 2024 Analys18 of expondllure Charllabl& activlll&8 Piovincial & Dlocesan Qiiot8 Cleigy Co$18 Property Expenses IChur¢hl Property Expense8 (Rectory) Church E%peTrses Admln Expenses Donallons OeprecSabon 8.928 34,840 28,557 8,716 8,251 3,127 8,928 42,129 28,557 8,716 8,251 3,127 7,289 4.344 7,289 104 052 GoveTn?n¢• Costs Ind8pendenl examinerfs le& Total 1.050 1,050 97.813 7,289 105,102 SupTK)rtwsls have nolbeen sep8ialelydefined astheTm81e85 ¢onsiderther6 Is onlyonecharilable aQUty. There Sup¢051$ relate w11[Y lo thal a¢iivlly and have nolb8en separalely idenlified. Unre51rl¢l R¢slrl¢ted Funds Funds Analys16 of expendllure- COMPARATIVE Endowment Funds 0•slgnalod Fund$ Total 202J Charllablo acllvltle5 Provindal & Dio(san Quota Cler9y Costs Property Exp8nses (Church) Property Expenses (Recloryl Church Expenses A(Imin Expenses Donations Depredalon 9,466 31.564 22,656 8,260 7,017 4,138 9.486 38,475 22,656 8,260 7,017 4,138 6.911 3,589 Q911 93,601 Goveinanco ¢08ts Independent examlnerfs fee Total 960 87,650 6,911
ST JOHN THE EVANGELIST CHURCH.. GREENOCK 12 Noteg to the Flnartclal Stalemoiit$ Forthe year ended 30 June 2024 Cleruy C08t 2024 2023 Slipend and PenSKln 42,129 38,475 38,475 Trustee rgmunerallon ring Ihg year lh8 charity paid £nil12023- £1991 of èxpenses lo a Truslee. The charity pald £42,129 {2023- £38,475) of stipend and penslon 515 lo a Trustee for her rol8 as P8Stor. Thè Trnsle8 In her rde 8$ Past also had use ol the re¢lory forwhkh the Charity p8id related (x)slo1£5,47512023- £3,896). Tanglblg Flxod As$6ts Horllablb Property Rèctorys 96 Flnn&rt St Greenock Plant FlxtUT•$ & Flttlng$ Cosl at1 July 2023 Addibons 48,637 162,672 Coslal 30 June 2024 50,901 162,672 Aggregate Depr181 a11 July 2023 Ch8rg8 Year CutNJI8Uve Depreclauon al 30 Jun8 2024 145,048 1 49392 1 Nel Book Value a130 Jun8 2024 182.672 Ng1 Book Value a130 June 2023 162672 Note: Offltx Equipmenll$ d8pieuaied oyer It8 US8hl li18 al 33,33% perannum on a 8traiphl line b8St8. Heri13tl& Pn)perty Is noldepredatsd on the basis that lh8 Vestry underlakes to m8intaln tho pmpwty In 91 repairon an ongoing basis.
ST JOHN THE EVANGELIST CHURCH; GREENOCK 13 Nolos to Ihe Flnan¢l81 Sl8lemenls Forthe year ended 30 Jun8 2024 Inve81men18 2024 2023 Markfjl valufr A5 al l July 2023 Addibons DIS$9[8 Unfe8118ed gainsllk>ssesl 325,241 304,497 141,495 1 As al 30 Jun8 2024 329,624 325 241 Cost of inveslmenl8 ag al 30 Jvn8 2024 156.440 172.014 Investments hekl are a portfolK) of equity relaleil ¥1voslm8nts. Inve8tmeni8 lotaTrlng more Ihan 5% ol the rIk)ll0 vÉlu8 ar8 88 lollows-. 8,750 T Bailey Fund Manag8 7,000 Wilon InvestmenlTwsl 8,200 J P Morgan Global Growth and Inrne 4,500 F & C InveslmenlTtusl 39,000 Bankers InvestmeTrl Tiusl 4,000 Aliancg Trusl 17,418 18.760 47,478 45,540 44,382 48,480 5.25% 5.7% 14.S•A 14% 13.5% 15% 8. Analy818 of Not A88el$ betwèen funds Total 2024 Unyeslrlcl D85lgnated Reslrlcled Flxed assets Inveslments Current ae1$ Current Ilablliues 1,509 187,109 30,839 14257 1 182,872 142,515 164.181 329,624 51.821 14,257 1 20,982 Nel 8$$el$ al 30 Junè 2024 305187 531369 AnRtysls of N8tAsselg ben funds. COMPARATIVE Total 2023 Unreslrlcled DegFgnated Reslrlcl8d Fixed assets Investments Currenlassets currenlliabllitt88 3.589 216,925 4,293 162,672 lQ8,316 166,261 325,241 19,977 15.684 N81 assets a130Jun8 2023 220,490 270,988 15,684 507162
8fJoHN THEEVANGELIST CHURCH: GREENOCK 14 Noto3 to Ihe Flnanclal SlalèMent8 For thè y¢ar ¢nd¢d 30 June 2024 9. Movènlgnt In funds Atl July 2024 N¢t gain$ on A130 June 2024 Incom8 Expèhdllurè Investments Endowm8nt Funds 7,289 Ro$lrl¢ted fund8 Choir Roblng Organ Servlc* Bwk8 General Collections 513 1,299 1.725 12,147 15.684 513 1,299 1,725 5.298 20.982 Unre8trlcted fund8 General Dgsignaled 220,490 270.988 491.478 88,202 197.813 1 16,321 34.199 60,520 205,20CI 305187 510,387 66,202 { 97,813 1 Tolol funds 507.162 50,520 531,369 9. meMan1 In lund$ At1 July 2023 Not galn$ on Inveslm8nt8 At30 Junè 2023 Incomg Exp9ndllurè Endowment Funds 6,911 8,911 6,911 1 Roslrl¢t¢d funds Chotf Robln9 Organ Servlce 8ooks General Collecttons 513 1,299 1.725 &006 513 1,299 1.725 4.141 Unfe8trlctgd fund8 General Deslgnaled 235.607 251,226 486,833 71,551 (87,650 1 982 220,490 270,988 491,478 71,551 187,650 } 20,744 Total fund$ 498,378 20.744
8T JOHN THE EVANGELIST CHURCH . GREENOCK 15 Notes lo Ilie Flnan¢lal Stal¢menl$ Fortli& yeai ended 30 June 2024 9. hlovemenl In funds (cohtlnul Purposes of endowment fund8 In(x)me from tho SlJohn's 8ndowmenl fvnd Is used for the general oble¢tivos olthe Chur¢h. Purposè ol r¢$lrlGtod fund$ The Madge Lawson Choir Robing Fund is lor Ihe 814uisilion ol robe& The Organ Fund Is k)r ¢aiMial improvemenls lo the orgaft. The se¢6 PkS Fund is lor Ihe wuisltion ofservi1 bwks, The General Collecilon8 are gathered eath year for dritable org8ni$abons sel8Cted by Veslry. Purposo of D8slgnal4d Funds Capital Account and Capital Reservè at& both desl9naled lor Ihe malnlen8nc£ of Ihe propeFty. 10. Related party trAn8a¢llons The only related party tran$8¢tions ere Truste6s remunèrauon whlch Is d&tsiled In noi8 5. 11. Fln8nclal Commllment$ Al lh& balan 8heeldate, th8 charityha¢J comnllled to a spend of £32.406 on repair$ lo Ihe ClvJr¢h 8j Rectory, induslv8 of slom) d8mage IX)81$. An insuran(t dairft has mad6 lor the Slorm darn8 Induded In Ihe figure alKJve. Aithedaie of s¢gnin9 there has be no ItKlcabon from the insurers over th818vel ol payouL To lund th1$ a lurfher£28,000 was drawn frorn inv88tmenls hpld by th6 charity.