Alexander Sloan
Accouriianis ana Llusiness Adviser
ST SILAS EPISCOPAL CHURCH, GLASGOW (SCIO)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Charlty Reglstration No. SC050307 Iscotland)

ST SILAS EPISCOPAL CHURCH, GLASGOW (SCIO)
LEGAL AND ADMINISTRATIVE INFORMATION
Trustses
The Trustees li.e. the members ol the
Vestry) who served during the year are
listed on page 4
Charlty numb•r (Scotlandl
SCO50307
Principal address
69 Paik Road
Glasgow
G49JE
IndÈpèndent examiner
Alexander SloÈn
Accountants and Business Adwsers
180 St Vincent Street
Glasgow
G2 5SG
Bankers
Royal Bank of Scotland ple
23 Sauchiehall Street
Glasgow
G2 3AD
Solicitors
Mactsrfane & Go
142 St Vincent Street
Glasgow
G25L

ST SILAS EPISCOPAL CHURCH, GLASGOW (SCIO)
CONTENTS
Page
Trustees, report
Indepèndènt examinerfs report
Statement of finanual a¢tivities
Balance sheet
Notes to the financial 51alemènt$
9-26

ST SILAS EPISCOPAL CHURCH, GLASGOW (SCIO)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2022
The Tru51ees are pleased to present the church's Report and Accounts as a Seottish Charitable Incorporated
Organisalion I SCIO") for the year ended 31 March 2022. SCIO slalu5 w8s gianled by the Office of the Scottish
Charity Regulator I'OSCR.) on 22 July 2020. The comparative figures for the year ended 31 Maich 2021 iefle¢t
the information as contained in the merged Accounts with the unincorporated charity. St Silas Episcopal Churth,
Scottish Charity No. SC0088941, foi th8 year ended 31 March 2021.
The SCIO has been established with the intention of winding up Ihe unincorporated charity and transferring its
assets and liabilities, and the church'5 ongoing activiti"es, to the SCIO. At the signing date of the Accounts, this
pio¢ess was tsn90ing.
The financial statements have been prepared in accordance with the accounting poliryes set out in note 1 to the
financial statements and comply with the charity's Conslitulion. the Chaiilie5 and Tru51ee Investment (Scotland)
Act 2005, the Charities Accounts Iscotlandl Regulations 2006 la5 amendedl and "Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charities preparing their accoun15 in a¢¢oid8n¢e with
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January
20191"
Purposes
During the financial year 2021122, the governing document of St Silas Episcopal Church, Gl8sgow ISCIOI.
Scottish Charity No. SC050307. has been our SCIO Constrtution. which states that ils purpose is 'lhe
advancement of the Chii51ian faith in Scotland and elsewhere through the continuance of a body of Chflstian
believèrs founded on the Basis of Faith".
Throughout 2021122 and after the year*nd. our mission remained to proclaim Jesus as Lord, in the power of the
Holy Spirrt. so that people tum lo Him, grow in their love for Htm and for each other, and seek to serve Him
wherever they go.
Our main activities are the life ot this worshippin9 community in the West End of Glasgow. based in our building on
Park Road, and the gifting of money to other organisalions and individvals wrth a compatiblè mission and for
compatible purposes. These activities continued in the 2021122 financial year. Member5 of the congregation as
volunteers undertake much of this activity in a wide variety of roles, from leading small groups lo leading worship
and organising community events. Ouf buildin9s are available for community use.
11 is the policy of the Vestry lo allo￿te a proportion 115VtTrl of the previous year's unreslncted income lo giving fo¥
the work of missionary and other Chris118n chaiilies. Piiority is given to evangelical societies with which we have
5tion9 links, and particularly to fostering long-leim links with pèople who have gone out from our church. We ask
applicant5 to demonstrate a commitment. over lime. lo Sl Silas. We rèview ongoing recipients together with new
applican15 piior lo the beginning of the finanaal year. We airn to allocate our givin9 to UK-based and overseas
work.

ST SILAS EPISCOPAL CHURCH, GLASGOW (SCIO)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Achievements and p•rf0M￿nCg
The main performance target for this year was lo hold meetings for worship on Sundays. With the lifting of
restrictions associated with the Covid-19 pandemic prior to the start of this year. the church was able to meet in-
person on Sundays throughout the year. In addition, this year saw the conlinualion of rnid-weèk Bible-study groups
Ibased across the ctrty and at the church) and a monthly central prayer meeting.
In 2021r22, our ministry trainees continuèd - providing internships that give training to Ih05e who are looking lo
invest in their Christian faith ond lrfe, and especially for people who are exploring whether full lirne Christian
ministry is appropriate for them in the ftrture. Three of our ministry trainees completed the training scheme in June
2021. We are thankftjl that iwo of these tiainees have decided to continLJe in full lime Christian ministry, with one
starting a new role with St Silas in August 2021 as a YoLJlh Minister-in-Training. One new ministry trainee started at
St Silas in September 2021, joining a ministry trainee who started previously in September 2020.
We are thankful that in September 2021, an Assistant Pastor with Sp￿thG focus on women's discipleship and
pastoral care joined the staff team.
Each year we are reminded how fortunate we are to have staff, lay readers and volunteers who seivè across all
aspects of the work of the church. Vestry members wish to record their thanks to them, and all in thtr congrttgalion".
for service, encoura9èment, prayei and ctsmmitment.
RF5k Management
The Vestry ieviews the risks during the year and puls miligaling actions in place. We considered..
Chur¢h building and rectory.. our church roof 15 annu8lly inspèctèd and lully insured. A new rectory was
purchased in November 2015. A quinquenni81 review w8s carried out in November 2017. The report was
issued in February 2018 and the Vestry is committed to maksng significant progress with the
iecommendations, as appropriate.
We are committed to mèeting Protection of Vulnerable Groups (Scollandl A¢1 2007 and best practice
requirements for the piolection of children and vulnerable adult5. Our PVG co-ordinator ensures
references and training are kept up to date.
The Trustees have a5se55ed the major risks to whi¢h the charty is exposed, and are satisfied that systems are in
place lo mitigate exposure lo the rnajoi risks.
For Spiritual risks, we are content to put our twst in God.
Flnanclal revlew
Principal sources of fvndiA
The income of the church comes almost entirely from free giving by members of the congieg8tion.
Results forthe year
The finanaal statements for the year are set out in pages 6 to 24. The Slalemenl of Fin8ncial Aetiwties on page 6
reflects Net Expenditure l%.e. a Defieitl of £48,116 12021.. Surplus £32,3591 wrth the General Fund reporting a
Surplus of £18,610 before tiansfeT512021.. Surplus £51,813).
Al 31 March 2022, the church had total fvnds of £1,731.142 of which £1,567,091 192%>, as indicated in Note 21,
wa5 lied up in Fixed Assets.
We continue lo support fairtrade- our fairtTade stall generated income of £10.03212021". £12,031).
Resèrvès Poliey
11 is the poli￿ ol the church lo maintain Unreslri¢ted Funds, i.è. lunds not committed or invested in fixed assets, at
a level which equates lo between Iwo and four tnonlhs of commrtted unrestricted expenditure. Per the General
Fund within the Statement of Financial Activities on page 6, the chur¢h's Unrestricted Funds at 31 March 2022
amounted to £134,759 which was acceptable to the Vestry.

ST SILAS EPISCOPAL CHURCH, GLASGOW (SCIO)
TRUSTEES, REPORT (CONTINUED>
FOR THE YEAR ENDED 31 MARCH 2022
Grant making policy
The church tnakes grants frorn its gifted income lo organisalions and Individuals that a￿ generally known to the
Vèstry 8nd the church. The beneficiaries are involved in activit￿5 or tninislrie5 wmpatible with the church's
objedives.
Plans for futurè pèrtods
OUT plans remain to hold iegtJl8r meetings for worship and to continue the wide range of activities that constitute
our life as a woishiping community. Since the change in lègal requirements. we have been able to support this irs
the church building again.
The aims of the church continue lo centre round three objectives.. Rèaeh, Grow and Send, with the aim to..
* leach as many people as possible with the news of Jesus Christ. By serving others- expressing o¢Jr faith
through love- and speaking of Christ, our desire is lo bring people into his family.
help each other grow in our relationship with our heavenly Father. knowing Him bètter by His word and
growing together as a loving community of His people, in order that we might serve the Loid in thè world.
equip every Christian to serne Jesus faithfully for a lifetirne. We are 8 sent people
whether we 8re sent
into the workplace, our neighbourhood, or out on the global mission field. We will therefore train and
resoufce men and women to sèrv9 our city, nation and world.
We continue to run 3 nutnbeT of events and ¢ontinue to WO￿ in partnership when serving others. Our links
continue with Glasgow Cty Mi55ion.
Structure, govemance and management
St Silas Episcopal Church, Glasgow ISGIOI llhe chur¢h) is a Scottish Charity (No. SC0503071. registered by
OSCR on 22nd July 2020. The church premises are located at 69 Park Road, Glasgow G4 9JE.
St Silas is affiliated with the worl¢tside Anglican Communion ol churches thr()ugh thè Anglican Convocation in
Europe IACEI (Charity No. 11993811, which was inaugurated on 22nd February 2021. St Silas is a founding
merllbei olACE, through which episcopal oversight is provided.
Through ACE we are thankful to be able tojoin in fellowship and mission with other likeminded chur¢hes.
Under the leadership of the Rector, thè clergy, staff team and Vestry have responsibility for the spiritual 8nd
temporal affairs of the church. Spiritual oversigl)t is provided by the Bishop of the Anglican Convocation in Europe
IACEI. The church ha5 Patron5 whose fole is to support the Vestry in the appointment of a Rector. Vestry
members have power lo amend the con51ilulion1subject to the prior agreement of a majority of Patrons in respect
of any amendment lo the following.. the purposes of the church, its Basis of Faith, qualifications for membership,
the appointment of Patrons and the Process for appointment of 3 Rectoil. Hentable propety is held in the name of
the SCIO.
Governing Document
Throughout 2021122, the church operatèd under the Constitution of St Silas Episcopal Church, Glasgow ISCIOI,
as issued in June 2020.
Trustees
For the purposes of charity law, the fflembers of the Vestry are regarded as the church's Trustees, as shown
below.
th the exception of the Rector, who is a paid member of staff. all Vestry members are ele¢ted by the church at
the Annual Business Meeting. The Clerk and the Finance Director are elected for an indelinile term of office, but
have no VL¥te', other members are elected for a three-year term with a maximum of iwo continvous terms possible.
New Vestry members are provided with inductTon material as to their role on Vestry and as charity Trustees". thèy
are supported by the Chaii and as required. Vestry and staff have an away-day each year to discuss
pray for the year ahead.

ST SILAS EPISCOPAL CHURCH, GLASGOW (SCIO)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Referèneè #nd administrative details
Vestry
The followffng Vestry members We￿ eilherin Offi￿ duFFng the firpanclal year 2021r22 orthrough to when this report
wasa
roved.
Vestry clerk Inon-votingl
lappointed 15 June 20201
Financè Director Inon-votingl
Financè Dir•etor Inon-volingl
from August 2019, resigned February 20221
appointed February 20221
ther Cler
(Curalel from Juty 2018 until June 2022
Staff
Minis
trainees
Key management personnel
Responsibility for management of St Silas and ils day-lo-day operations is entrusted by the Vestry to the Rector.
All other staff are accountable to the Rector. The Vestry, as the governing body of Sl Silas, prowdes oversight and
bears ultimate responsibility for the temporal affairs of the church, including legal complianee and fiscal
accountability. No iemuneralion was paid lo the Vestry in their roles as Trustees. See also Note 11.
The Tiustees, report was approved by the Btsard tsf Trustees.

ST SILAS EPISCOPAL CHURCH, GLASGOW (SCIO)
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ST SILAS EPISCOPAL CHURCH, GLASGOW {SCIO)
I report on the financial slalemenls of the charity for the year ènded 31 March 2022, which are sel on pages 6
10 26.
Rtspectlve responsibilitiès of Trust••s and examlner
The charity's Trustees are responsible for the Preparation of the financial statements in accordance with the
leTrnS of the Charities and Trustee Investment Iscotlandl Act 2(105 and the Charities Accounls (Scollandl
Regulations 2006 las amended). The charity Trustees consider that the audit requirement of Regulalion 1011llal
to Icl of the 2006 Accounts Regulations does not apply. It is my responsibilrty lo éxamine the financial statements
as required under section 44111{cl of the Act and to slate whether particular rllatters have come to my attention.
Ba$1$ of Independent examinerfs ststsment
My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An
examination indudes a review of the accounting records kept by the charrty and a comparison of the financial
statements presented with thtsse rècords. It also includes consideration of any unusual rtems or disclosures in the
financial statements, and seeks explanations from the Trustees concerning any such rnotters. The proeedures
undertaken do not provide all the evidence that would be required in an audit and consequently I do not expièss
an audit opinion on the view given by the financial $18tèments.
Independent examinerfs statement
In connedion with my examination. no matter has cotHe to my attention..
lal which gives me reasonable eause to believe that in any material respect the requirements..
to keep accounting records in accordance with sedion 44111 (al of the 2005 Act and Regulation 4 of
the 2006 Accounts Regulations,. and
lill to prepare financial statements which accoid VAth the accounting records and compty w(¢h Regulation
8 of the 2006 Accounts Regulation5'.
havè not been mel or
Ibl to which, in my opinion, attention should be drawn in order lo enable a proper understanding of the
financial statemènts to bè reached.
Alexander Sloan
Accountants and Business Advisers
180 St Vinceot Street
Glasgow
G2 5SG
17111/2022
Dated..

ST SILAS EPISCOPAL CHURCH, GLASGOW (SCIO)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2022
Current financlal yèar
Unrestricted Unrestricted Restricted
funds
furhds
funds
9•ntral dèslgnated
2022
2022
Total
Total
2022
2022
2021
Income from:
Donations and legacies
Incorne ffom charitable activities
Other trading activities
Investments
310,701
9,096
10.357
23
5.000
13.500
315,701
22.596
10,357
23
336,419
7.852
12,031
24
Totsl Incom•
330,177
18.500
348,677
356,326
enditure on:
Expenditure on raising funds
11,491
11,491
10,500
Cost of charitable actwities
300,076
52,268
32,958
385,302
313,467
Total expendltur•
311,567
52,268
32,958
396,793
323,967
Net incomellex￿ndltuf•I béftsrè
transfers
18,610
152,268)
114,458)
{48,1161
32,359
Gr(>ss Ir8nsfers between funds
21
1255,3171
255,317
Net movement in funds
1236,7071
203,049
114,4581
{48,1161
32.359
Fund balances at 1 April 2021
371,466
1.384,042
23,750
1,779,258
1,746,899
Fund balances at 31 March 2022
134,759 1,587,091
9,292
1,731.142
1.779.258
The slalemenl of ftnancial activities includes all gains and105ses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 9 to 26 form an inlegTal part of these finan¢ial slatèmÈnl$.

ST SILAS EPISCOPAL CHURCH, GLASGOW (SCIO)
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2022
Prior financial year
Unr•strlctsd Unrestrlcted Restricted
funds
funds
fund¥
general designated
2021
2021
Total
2021
2021
Notès
Income from..
Oonalion5 and legacies
Income from charitable activities
Other trading activities
Investments
315.017
220
12.031
24
2t,402
7,632
336,419
7,852
12,031
24
Total income
327,292
29.034
356,326
nditure on-
Expendrture on raising funds
10,500
10.500
Cost of ch81itable activities
284.979
38,704
9,784
313,467
Total expenditure
275,479
38.704
9,784
323,967
Nèt Incomellexpenditurel before tran¥f¢rs
51,813
138,704)
19,250
32.359
Gr05$ Ir8nsfèrs behyeen funds
21
1,301
11,3011
Net movement in funds
53.114
140.0051
19,250
32,359
Fund balances at 1 April 2020
318,352
1,424.047
4,500
1,746,899
Fund balaneè$ at 31 March 2021
371,466
1,384,042
23,750 1.779,258
The 51alemenl of financial actiwt¢es indudes all gains and1055es Tecognised in the year.
All income and expenditure derive from continuing activities.
The notes on pa9es 9 10 26 form an integral part ot these financial statements.

ST SILAS EPISCOPAL CHURCH, GLASGOW (SCIO)
BALANCE SHEET
ASAT31 MARCH 2022
2022
2021
Notes
Fixed assets
Tangible assets
Currènt assets
Slod(s
Debtors
Cash al bank and in hand
13
1,781,008
1,830.907
14
1S
1.fj49
48,648
118,757
942
42.795
132.270
169,054
176,007
Creditors: amounts falling due within
one year
17
132,495)
126,4701
Net current assets
136,559
149,537
Total #$¥ets le$$ current liabilities
1,917,567
1,980.444
Creditors: amounts falling due after
more than one year
18
1186,4251
1201,186)
Net assets
1,731,142
1,779,258
Income funds
Restricted funds
Unrestricted funds
Designated funds
General unreslri¢ted fund5
20
9.292
23,750
21
1,587,091
134.759
1,384,042
371.466
1,721,850
1,755,508
1.731,142
1,779,258
The financial ststèmenls were approved by the Trustees on 16 November 2022

ST SILAS EPISCOPAL CHURCH, GLASGOW (SCIO)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Aecounting policies
harity infomiation
St Silas Episcopal Church. Glasgow (SCIOI I'the charity") is a registered Scottish Charty INO. SC0503071.
The ¢haiity's office address is 69 Park Road, Glasgow G4 9JE.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's Constitution. the Charities and
Trustee InvestFnent (Scotlandl Act 2005, the Charits'es Accounts (Scotlandl Regulations 2006 las arnendedl
and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
pieparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 (effective 1 January 2Q191" The charity is a Public Benefit Entity as defined by
FRS 102.
The charity has taken advantage of the proMsions in thè SORP for charities applying FRS 1(12 Updatè
Bulletin 1 not to preparè a Stslemènt of Cash Flows.
The financial 51alemenls are prepared in sterling, which is the functional currenry of the charity. Monetary
arnount5 Ip these financial statements are rounded to the nea￿st £.
The financial statements have been prepared under the historical cost convention. The prinapal accounting
policies adopted are set out below.
1.2 Golng concern
Al the lime of approving the financial statements, the Trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. The Trustees consider
the￿ a￿ no material uncertaintiès about the eharity's ability to continue as a going concem. Thus the
Trustees continue to adopt the going wn¢ein basis of accounting in piepaiing the finanaal statemènts.
1.3 Charitable funds
Unrestricted funds are available for use al the discretion of the Trustees in furtherance of their charitable
objectives.
Designated funds comprise funds which have been set aside al the discretion of the Trustees for 5pecffic
purpose5. The purposes and uses ol the designated funds are set oul in the notes lo the financial stalemenls.
Reslii¢ted funds are subject lo speafic conditions by donors as to how they may be used. The purposes and
uses of the restricted funds are set out in the notes lo the financial statements.
IA Ineom¢
Income is recognised when the charity is legally entitled to it after any perfomance conditions have been met,
the amounts can be measured reliably. and il is piobable that income will bé recéived.
Donations and Legacles
Cash donations arè ieeogni$ed on receipt. Othèr donations are recognised once the charity has been notified
of the donation, unle55 performance conditions require defeiial ol the amount. In¢ome tax recoverable in
relation to donations received under Grft Aid is recognised at the time of the donation.
Lega¢ies are recogni5ed on receipt or otherwise if the charity has been notified ol an impending dislribulion,
the arllounl is known, and receipt is expected. If the amoL*nt is not known, the legacy is Irealed as a
contingent asset.

ST SILAS EPISCOPAL CHURCH, GLASGOW (SCIO)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Accounting policie5
Icontlnuedl
Glft Aid
In¢ome tax recoverable on Gift Aid donations is recognised when the iespedive donation has been
recognised and the recoverable amount of income tax can be measured reliably.. thi5 is normally when the
donor has completed the relevant Gift Aid dedaration form. Incorne lax recoverable on Gift Aid donations is
allocated to the same fund as the respective donats'on unless specffied by the donor.
In¢ome from Charitable Activities
Incorlle from charitable activities includes income earned both from the supply of goods or services undei
contractual arrangements and from performance-related grants which have condition5 that sPe￿fy the
provision of particular goods or sèrvices to be provided by the charrty. Income ITOM charitable activities 1$
recognised as eamed las the Felaled goods or services are prowded}.
Other tradlng actlvitlas
Income from other trading activitiès indudes income earned from both trading actiwties lo raise funds for the
charity and income from fundraising events and is recognised when the charity has enlillemenl lo the funds. il
is probable that these will be received 8nd the amoLJnts can be measured reliably.
Investment Incomè
Interest on funds held on dèposit is included when receivable and the amount can be measured reliably by
the charity., this is nom)ally ut)on notffication of the interest paid or payable by the bank.
1.5 Expenditure
Liabilitiès are recognised as expenditure as soon as there 15 8 legal or constructivè obligation committing the
haiity lo that expenditure, it is probable that settlement will be required 8nd the amount of th8 obligation can
be measured or estimated reliably.
Liabilities are measured on recognition at historical cost and then subsequently measured 81 the best
estimate of the amount required to settle the obligation at the reporting dale. The exception is that certain
financial instfuments must be adjusted to their present value,. these include financial liabilities where
settlement is deferted for more than 12 months after the reporting date.
All expenditure is 8ccounled for on an accruals basis. All expenses induding support costs and govemance
costs are allocated or apportioned to the applicable expendrture headings.
Ralslng Funds
Expenditure on raising funds includes all expendiluie incurred by a charity to raise funds for its charitable
purposes. It includes the costs of all fundraising activities and events togethèr wrth those costs incurred in
seekin9 donations, grants and legacies and investment m8nagemenl costs.
Charltsble activities
Expenditure on charitable activities includes all c051s incurred by the ch8rrty undertaking actiwties that
further 115 charitable aims for the benefit of its beneficiaries, including those support costs and ¢osts ielating to
the governance of the charity apportioned to charitable aclivilies. The costs of charitable activities presented
in the Statement of Financial Adiwlie5 InGludes the costs of both diiecl serwce provision and the payments ol
grant awards if applicable.
Governance costs
Governance cos15 (which are included as a component of support costs in accordan￿ with SORPI cornprise
all costs involving the public accounlabilily of the charity and its compliance with regulation and good practice.
These cos15 indude those related lo constilulional and statutory rèquirements, extemal scrutiny {audit or
independent examination), strategic management. and other legal and professional feès.
10-

ST SILAS EPISCOPAL CHURCH, GLASGOW (SCIO)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Accounting policies
Icontinuedl
Irrecoverable VAT
Irrecoverable VAT is tharged against the expenditure heading lor which it was incurred.
Taxation
The church is recognised as a charity lor the purposes of applicable taxation legislation and is therefore not
subject lo taxation on its charitable actiwties.
1.6 Tangible fixed assets
Tangible fixed asse15 are initially measured al c051 and 5Vbsequen￿Y measured at ¢osl or valuatitsn, net of
depie¢ialion and any impairrnenl losses.
Depreciation is iecognised so as lo write off the c05t or valuation of assets less their residual values over their
useful lives on the following ba5es'.
Rectory Building
Fixtures, fittings and equipment
20h straight lino
Electronic Equip 25Y., Other Equip 20°A, Furnishings and
Fittings 10% straight line
2°/0 Straight line
2°h slr8ighl line
Chufch Building
Chureh H811
The church building was brought on lo the ¢hureJ)'s Balance Sheet during the year ended 31 March 2011 at
£500,000 representing the Ve51ry's e$lim8le of tllaikel valuè. Depreciation was applied to the church building
for the first time during the year ended 31 Marth 2012 at the latè of 2¢1ts pèr annum
The gain or 1055 arising on the disposal of an asset is deleirnined as the drfference between the sale
proceeds and the carrying value of the asset. and 15 recognised in nel incomellexpendilurel for the year.
1.7 Impalm)•nt of fbxed assets
Al each reporting end date. the charity reviews the carrying amounts of its tangible assets lo determine
whether there is any indicats'on that those assets have suffered an impairment loss. If any such indication
exists, the recoveiable arnounl of the asset is estimated in order to determine the exlent of the Impalm￿nI
loss lif any}.
1.8 Stocks
Stocks are stated at the lower of cost and estimated selling price less costs lo complete and Sell. Cost
comprises direct materials and, where applicable, direct labour costs and those overheads that have been
incurred in bringing th& stocks to their present locats'on and condition. Items held for distributs'on at no or
nominal consideration are tneasured the lower of replacement cost and cost.
Nel realisable value is the estimated selling price less all eslimaled c051$ of ¢omplÈtion and costs to bè
incurrèd in marketin9, selling and distribution.
1.9 Cash and cash Èqulval•nts
Cash and cash equivalents indude cash in hand, deposits held at call with banks. other short-lerm liquid
investments with original maturities ol three months or less. and bank overdrafts. Bank overdrafts are shown
within borrowings in eurrenl liabilities.

ST SILAS EPISCOPAL CHURCH, GLASGOW {SCIO)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Accounting policies
Icontinuedl
1.10 Financial instruments
The chaiily has elected to apply the provisions of Section 11 'B8sic Fin8nci81 Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of 115 financial inslrumenls.
Financial instruments are recognised in the charity's balance sheet when the charity be(x)ffles party lo the
contractual provisions ol the instrument.
Financial assets and liabilities are offset, wth the net amounts presented in the financial slalernents. when
there is a legally enforceable light to set off the recognised amounts and there is an intention lo settle on a
net basis or to realise the asset and settle the liability simultaneously.
Baslc IlftanciTalassets
Basic financial assets. which include debtors an(S cash and bank balances, are initially measured al
transaction price including transaction costs and are s￿bseqUeNtIY cafried at amortised cost using the
effeetive interest method unless the airangemenl conslilutes a finaneing transaction, where the transaction is
mèasured at the present value of the fLrture receipts discounted al a rnaikel ratè of interest. Financial assets
d8$sified 8s receivable within one year ale not amortised.
Basic financial liabilities
Basic financi81 liabilities, induding creditors and bank loans are initially iecognisèd at transaction price unless
the atrangemenl constitutes a finanang transaction. where the debt instrument is rneasurèd at the present
value of the future payments discounted al a market rale of interest. Financi81 liabilities dassified as payable
wlhin one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rale method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliér5. Amounts payable are dassified as current liabilities rf payment is due within one
year or less. 11 not. they ale piesented as non-cuirent liabilities. Trade creditors are recognised initially at
transaction pri¢e and subsequently tneasuied at amtsttssed cost using the eflects've interest method.
DerecogniT¢ion of financial liabilities
Financial liabilities are deTe￿gnised when the chaiity's contractual obligations expire or are discharged or
Cancelled.
1.11 Employee benefits
The cost of any unused holiday enlitlernenl is reco9nised in the pèriod in which the employee's services are
re¢eived.
Termination benefits are recognised immediately as an expense when the charity is demonstrably eommittèd
to terminate the employment ol an employee or to provide termination benefits.
1.12 Retirement bènéfits
The charity participates in a defined contribL*tion scheme. The pension cost induded in staff costs represents
the contributions payable by the charity during thè yèar. See also Note 11 and 23.
12

ST SILAS EPISCOPAL CHURCH, GLASGOW (SCIO)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the Trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are ctsnsidered lo be ielevant. Actual result5 may differ from these estimates.
The estimates and underlying a55umplions are reviewed on an ongoing basis. Revisions to 8e¢ounting
estimates are recognised in the period in which the eslirrale 15 ievi5ed where the revision affeds only that
period. 01 in the peiiod of the revision and luture peiiods where the revision affects both ourrenl and future
pèriods.
Donations and legacl•s
Unrestricted Restricted
funds
funds
general
2022
Totsl Unrèstricted
funds
general
2021
Restricted
funds
Total
2022
2022
2021
2021
Donations and gifts
Legacies receivable
310.701
5,000
315,701
310,017
5,000
21,402
331,419
5,000
310,701
5,000
315,701
315,017
21.402
336,419
Donatlons and gifts
Ordinary freewill offerings
Don81ion5 {including Gift
idl
Giwng through Agencie5
Tols income
6,248
6,248
4,529
4,529
280,162
24.291
5,000
285,162
24,291
258,539
46.827
122
21,402
279.941
46,827
122
310,701
5,000
315,701
310.017
21.402
331.419
13-

ST SILAS EPISCOPAL CHURCH, GLASGOW (SCIO)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Income from charitable activities
2022
2021
Youth activities
Events income
Perfoirnance related grants
Hire of church halls
760
7.181
13,500
1.155
220
7,632
22,596
7,852
Analysis by fund
Unre51ricted funds- general
Re$lri¢led funds
9.096
13,500
220
7,632
22,596
7,852
Pèrfomiance related grants
Coronavirus Job Retention S¢heme
The John Paton Foundation
1,632
6,000
13.500
13.500
7,632
Other trading activities
Unre$tricted Unrestricted
funds
funds
general
general
2022
2021
Bookstall income
One off fundraising events
Trading aCtI￿11Y income.. (Fairtrade stall)
240
85
10,032
12,031
Other trading activities
10.357
12,031
One off fundraising event income for the year endsd 31 March 2022 indudes £85 frorn the Nearly New Kid's
sale.
14-

ST SILAS EPISCOPAL CHURCH, GLASGOW (SCIO)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Investments
Un￿￿trICttd Unrèstricted
funds
funds
general
general
2022
2021
Interest receivable and dividends
23
24
Expendlture on ralsing fund$
Unrestricted Unreslri¢led
fund5
funds
general
general
2022
2021
Bookstall expenses
Traid Craft expendituie
249
11,242
45
10.455
Total
11,491
10,500
11,491
10,500
15

ST SILAS EPISCOPAL CHURCH, GLASGOW (SCIO)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Cost of charitsble activities
2022
2021
Staff costs
Depreciation and impairment
Piemises costs
Running costs
Motor and travel costs
Payroll costs
Inte￿$1 and finan￿ charges
Governance costs
139.886
52,268
78,033
39.170
873
896
1.805
29,218
123,334
55,005
45,285
35.602
443
1,164
1.329
12,523
341,949
274.685
Grant payable (see note 9)
43,353
38,782
385.302
313,467
Analysis by fund
Unrestricted funds- gene[81
Unrestricted funds- designated
Restflcted lunds
300.076
52,288
32,958
264,979
38,704
9,784
385,302
313,467
16-

ST SILAS EPISCOPAL CHURCH, GLASGOW (SCIO)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Grants payabl•
2022
2021
Grants to institutions,.
Navigatofs
Scripture Union Tajikistan
SeNing in Mission (SIM}
The Vvheel Trust
Glas9ow City Mission
New Destiny. Biazil
Friends Int&mational
OM
Hillhèad Primary School
St Columba's Free Church of Scotland
Scripture Union Scotland
Crosslinks
OMF
UCCF
Other
4.000
4.000
5.333
4.000
4.000
4,000
4.000
1.217
342
2,667
530
3,932
3,900
6.175
3,900
6,044
3.900
3,190
3,900
2.904
I,ooo
3,804
2,800
1.152
13
41.921
38,782
Grants to individuals12 grants)
1,432
43,353
38,782
Analysis of Othèr
Hardship Grant
Safe in Swtland
Tearfund Yemen
CPAS
1.432
1,562
15491
11,000}
1,432
13
10 Tru$tsès
None of the Trustees receThied any remuneration or reimbursed expenses in their role as Tiuslees.
Details of remuneration paid lo the church's Rector
offi¢io, are provi(*ed in Note 11.
Trustee and Chair of the Vestry 8x
17

ST SILAS EPISCOPAL CHURCH, GLASGOW {SCIO)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
11 Employees
The averagè monthly number of employees during thè year was..
2022
Number
2021
Number
Stsff
Employment costs
2022
2021
Wages and salaries
Social security costs
other pension costs
116,326
4,460
19.100
99,832
7,167
16,335
139,886
123,334
During the year ended 31 March 2(122, the gross remuneration of the Rector
amounted to
£33,803 compiising stipend 01 £27,594 {2021 £26,999) and employer pension conlributions of £6.209
12021 £6,0751.
As part of his employment conditions. the Reelor lives in thè Rectory. During the year ended 31 March 2022,
th8 churd) paid council lax of £2,38212021 - £2.3691.
There were no employees whose annual rernuneration was £60,000 01 more.
12 Net Incom￿1&Xpe￿diture￿ for tht yoar
2022
2021
Nel incomel{expenditurel for the year is stsled after charging:
Independent Examination
Dtrprè¢ialion of owned tangible fixed 8ssels
8.971
52,266
4,523
55,005
18

ST SILAS EPISCOPAL CHURCH, GLASGOW (SCIO)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AIARCH 2022
13 Tangible fix•d asstts
Rectory
8ulldln9
FlxtLire5.
ffttlng$ and
8qulpm8nt
Church Church Hall
Bulldlng
Total
Cost
At 1 April 2021
Additions
420,718
198,001
2.369
500,000 1,297,745
2.416,464
2,369
At 31 Mai¢h 2022
420,718
200,370
500,000 1.297.745
2.418,833
Dèprèelation and impaim)ent
Al 1 April 2021
Depreciation charged in the year
44,876
8,414
181,091
7,899
100,000
10,000
259,590
25.955
585,557
52,268
Al 31 March 2022
53,290
188,990
110,000
285,545
637,825
Carying amount
Al 31 March 2022
367,428
11.380
390.(X)0 1,012,200
1,781,008
At 31 March 2021
375,842
16,910
400.000
1,038.155
1.830.907
14 Stocks
2022
2021
Finished goods and goods for resale
1,649
942
15 Debtors
2022
2021
Amounts falling due within one year..
Other debtors
Prepayments and accrued income
39,939
8.709
35,007
7.788
48,648
42,795

ST SILAS EPISCOPAL CHURCH, GLASGOW (SCIO)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
16 Loans and ovèrdrafts
2022
2021
Bank loans
Other loans
193,917
6.000
203,374
9,000
199,917
212.374
Payable within one yeaf
Payable after one year
13,492
186,425
11,188
201.186
Congregatlonal Loan
Al 31 March 2022, an interest Iree loan of £6,000 12021 £9.(X)01 remained repayable lo a friend of the
church over 2 years.
Rectory Loan
A new rectory was bought in November 2015 using a £250,000 bank loan repayable over 20 years. On the
rectory being Iransferied to the SCIO, a new loan of £196,500 was advanced in December 2021.
17 c￿dItO￿. amounts falling due withrn onè yèar
2022
2021
Not•s
Bank loans
Other borrowings
Othei taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
16
10,492
3,000
2,393
1,562
336
14,712
8,188
3,000
1,399
2,652
11,231
32,495
26.470
18 Creditors: amounts falllng dve aftèr more than one year
2022
2021
Notes
Bank loan5
Olhei boirowings
16
183,425
3,000
195.186
6,000
186,425
201.186
-20-

ST SILAS EPISCOPAL CHURCH, GLASGOW (SCIO)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
19 Retirement bènèfit scheme$
Dèfined eontribution schemes
The charity operates a defined ¢onliibulion pension Scheme ft>r all qu8lrfying employees. The assets tsf the
scheme are held sep8r8lely from those of the chaiity in an independently adminisleied fund.
Thè charge lo the Statement of Financial Activities in respect of defined contribution schemes NEST and
Halifax (Scottish Widows) was £19,1(KJ12021 £16,335}. An accrual of £231 was included in the total pension
cost as al 31 March 2022.
21

¢No
(fjo
00
LL tt LL
)i[ru￿<

ST SILAS EPISCOPAL CHURCH, GLASGOW (SCIO)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2022
21 Designated funds
The income ftjnds of the charity include the followng designated funds which have been sel 8side oirt of
unre5tiicted fund5 by the Trustees foi speafie purposès..
Balance at Expendrturg
1 Aprll 2020
Tran$ferts
alan¢t at Expondlturo
l April 2021
Trnn5fers
Balance at
31 March
Chufch
Building Fund
Church Hall
Fund
Rectory Fund
Fixtures,
Fittings and
Equipment
410,000
110,000)
400,000
{10,0001
390,000
852.306
161.741
120.2901
18,414)
11,301)
830,715
153,327
{25,9551
18.4141
207,440
28,598
1.012,200
173,511
17.8991
19,279
11,380
1.424,047
138,704)
{1,301) 1,384,042
{52,2681
255.317 1.587.091
Purposès of Designated Funds
Each of the above Funds collectively reP￿sent thè net book value of the charity's fixed as5e15 less boirowin9S
and excluding the fixed assets as held by the General Fund. See also Note 21.
During the year ended 31 March 2022, the General Fund transferred Fixed Assets of £245,860 comprising111
£207,440 to the Church Hall Fund 121 £19,141 to the Rectory Fund and131 £19,279 to the Fixtures, Fittings
and Equipment Fund in order to align the Net Book Value ot the fixed assets represented by these Funds.
The General Fund also transferred £9,457 to the Rectory Fund fepTesenlin9 the capital component of loans
repaid during the year relating to the Rectory.
-24-

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ST SILAS EPISCOPAL CHURCH, GLASGOW (SCIO)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
23 Rèlated party transactions
Robin Silson was a member of the Vestry from June 2020 until June 2021 and is employed by St Columba's
Free Church of Scotland. From August 2021 to March 2022, the rhurch donated £2,667 12021 £nill to St
Columba's Flee Chur¢h of Scotland.
Vestry members who receive funding from the church or are connected lo charities that receive funding
withdraw ffom Tneelings when funding decisions take place.
26-