## **The Church of Scotland**
## **Ibrox Parish Church of Scotland, Glasgow**
**Trustees’ Annual Report And Accounts Year ended 31 December 2025**
**Congregation No: 160903 Scottish Charity No: SC009841 Registered Charity Name: Ibrox Parish Church of Scotland www.ibroxparishchurch.co.uk**
## **Ibrox Parish Church of Scotland Trustees’ Report Year ended 31 December 2025**
The trustees present the annual report and account for Ibrox Parish Church for the year ended 31 December 2025. The financial statements have been prepared in accordance with the accounting policies set out in notes on pages 9 and 10 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 effective from1 January 2019.
## **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 part of 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.
## Church Groups/Activities
Services of Worship: Sunday 11am – 12.00pm Badminton Club: Monday 7.30 – 9.30pm Book Club: Monthly Church Choir: Wednesday 7.30 – 9.30pm Faithful Welcome Ecumenical Group: Periodically Ibrox Theatre Club: Periodically Memory Club: Thursday 10.30am –12.00pm Millennials Group: Periodically Prayer Group: Sunday 12.30 – 1.00pm (monthly) Pastimes: Monday 1.30-3.00pm
## Community Groups/Activities
African Global Community Project LGBT: Monthly 1st Monday 6-8pm Alcoholics Anonymous: Monday 7.30-9.30 pm Food Bank: Monday 12.00 – 2.00pm Girls Guides (Ages 4-16): Tuesday 6.00 – 9.30pm Glasgow Tamil Academy: Saturday 2.30-4pm Govan Youth Information Project: Friday 7-9pm Graduate Women Scotland: Monthly on a Wednesday 7-10pm Living Rent Glasgow: Wednesday of first full week of the month 6.30-8pm Narcotics Anonymous: Wednesday 7.30-8.30pm Roller Skating Club: Sunday 4-6pm South Community Recovery Network: Thursday 10am-4pm Taekwondo: Friday 5.45-7pm Weight Watchers: Saturday 10-11 am, Thursday 6-7pm Workout Class: Monday 4.30-5.30pm
Page 1
## **Ibrox Parish Church of Scotland Trustees’ Report Year ended 31 December 2025**
## **Achievements and Performance**
## **Church Groups Attendance:**
|Sunday Worship|45 (average)|
|---|---|
|Millenials Group|8|
|Badminton Club|15|
|Book Club|6|
|Church Choir|10|
|Past Times Group|10|
|Prayer Group|8|
|Memory Club|20|
## _**Narrative of goals and values**_
This has been a year of growth and change for Ibrox Parish Church. We are continuing to enjoy our refurbished halls and particularly the new heating system which kept us warm through the cold weather. The space has also been enjoyed by the many groups and organisations who continue to rent our halls, and we have also attracted new tenants for long term and one off lets. This has helped us greatly in maintaining our income over the year.
We value our continued relationship with the Glasgow South West Foodbank who use our premises on a Monday and this is an important part of our service to the community. We are also working with other ecumenical partners in the area to engage with asylum seekers in the local hotel and help them to integrate into the area. From this engagement we have welcomed several Iranian families into our congregation who are enjoying the opportunity to worship freely with us.
Over the course of the year we have grown as a congregation with 13 new members and we have inducted 5 new elders to our Kirk Session. We have enjoyed the many opportunities we have had for fellowship together over the year; Easter and Harvest breakfasts, Coffee and Chat evenings, Choir services, Coffee Carol evening, Halloween carnival, soup and sandwich lunch and the great variety of Sunday services.
In June we learned that, as part of the Presbytery plan, our Minister Rev Tara Granados would have to leave her post at the end of the year. While we knew that this was a possibility it was a disappointment to have it confirmed. We are very grateful to Tara for her ministry through the trauma of covid, moving out of our old sanctuary building and for her tenacity in dealing with all the building works in the refurbishment. We wish her well in wherever she is called in the future.
We have continued to meet with our cluster partners, Sherbrooke Mosspark, and are still in the process of agreeing a union with them. We hope that by the summer we will be able to settle on a plan that works for both congregations. Our church could not function without the volunteers who give of their time and talents every week. We are grateful to our elders, treasurer, organist, flower arranger, halls let team, Sunday tea teams, fabric team and all the others who make sure that everything runs smoothly.
Page 2
## **Ibrox Parish Church of Scotland Trustees’ Report Year ended 31 December 2025**
We held kirk session meetings in person during nicer weather months and on Zoom during the dark of winter. We continue close partnerships with Glasgow Boys’ Brigade Battalion, and Glasgow Southwest Foodbank.
## **Financial Review**
The principal sources of income are:
Weekly Freewill Offering – has decreased by £719 (2025 = £23,376; 2024 = £24,095) Open Plate – has increased by £417 (2025 = £3,179; 2024 = £2,762) Donations from organisations – has decreased by £40 (2025 = £913; 2024 = £953) Hall rents – has increased by £4,729 (2025 = £37,834; 2024 = £33,105) Fundraising activities have decreased by £431 (2025 = £800; 2024 = £1,231) Interest has decreased by £316 (2025 = £932; 2024 = £1,248)
Overall, income has decreased by £21,788 and expenditure also decreased by £50,825. The deficit for the year is £18,258. The decrease in expenditure is largely due to undertaking more building work in 2024 and having less building expenditure in 2025. The decrease in income also reflects that the grant money we had for our new building project was largely received in 2023-2024 and not in 2025.
Open plate donations increased this year due to contributions from young families.
The number of total standing orders from parishioners has not changed this year. Gift aid donors also remain steady.
## **Investment Policy and Performance**
The policy of the charity is to keep sufficient assets available on deposit to meet short and medium term commitments and only to invest longer term the remaining funds. Other than bank accounts the charity only invests in the funds of the Church of Scotland Investor Trust.
## **Risk Management**
The Trustees believe that the principle risks and uncertainties faced by Ibrox Parish Church, and the actions proposed and implemented by the Trustees and Congregation to minimise these risks are noted below:-
● Although the average age of the Congregation has continued to increase in recent years, we have added more young members and our church attendance figures increased this year. FWO will remain steady.
● The biggest risk we face is uncertainty around the union with Sherbrooke Mosspark Church of Scotland. We now anticipate the union to begin in summer 2026.
● The sale of our sanctuary building has gone through. Once we receive the proceeds, we will be able to address issues with the fabric of our halls to "future-proof" it for the next generations of parishioners.
## **Reserves Policy**
It is the Trustees’ Policy to hold reserves of approximately six months expenditure including designated funds to ensure a smooth running of the church. Our running costs for the sanctuary decreased this year, so the calculation for what makes up six months expenditure also changed. At the year end, the Church held unrestricted funds totalling £42,255, just slightly more than the £42,106 we held in reserves in 2024. Our current reserves would cover roughly 6.5 to 7 months of regular expenditure.
## **Structure, Governance and Management**
The congregation is a registered charity, number SC009841 and is administered in accordance with the terms of the Unitary Deed of Constitution 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 Session Clerk and the Church Treasurer are appointed by the Session The minister is elected by the congregation and inducted by Presbytery. In a ministerial vacancy, Presbytery appoints an Interim Moderator who is also a trustee.
Page 3
## **Ibrox Parish Church of Scotland Trustees’ Report Year ended 31 December 2025**
The Kirk Session is chaired by the minister and meets at least 8 times in a year. Certain responsibilities are delegated to appropriate groups or committees. The Kirk Session is responsible for spiritual affairs within the church.
## **Reference and Administrative Information Trustees during 2025 Kirk Session**
May McCallum, Morag Fleming, Alison Cairns, Doreen Galbraith, Malcolm Leathem, Stephen Fleming, Archie Henderson, Iain Henderson, Jean Renfrew, Linda Tainsh, Penny Tainsh, Fiona White, Rev. Tara Porr Granados – (Ordained Jan 2018), Liam Wood, Meredith Greta, Ruth Liggat, Ann Henderson
## **Principal Office-Bearers**
Minister: Rev. Tara Porr Granados Session Clerk: Morag Fleming Deputy Session Clerk: Stephen Fleming Church Treasurer: Meredith Greta
**Principal Office** Charity Name: Ibrox Parish Church of Scotland, Glasgow Charity Registration No: SC009841 Congregational Reference No: 160903 Contact Address: Ibrox Parish Church, 67 Clifford Street, Glasgow G51 1QH
## **Independent Examiner**
Tony Fraser C.A. Cahill Jack Associates Ltd, 91 Alexander Street, Airdrie, ML6 0BD.
**Bankers** Bank of Scotland, Glasgow Govan (800753) Branch, P.O. Box 1000, BX2 1LB.
## **Trustees’ Responsibilities in Relation to the Financial Statements**
The Charity Trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the trustees to prepare financial statements for each financial year which show a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing those financial statements, the trustees are required to:
- Select suitable accounting policies and then apply them consistently;
- Observe the method and principles in the applicable Charities SORP
- Make judgments and estimates that are reasonable and prudent;
- State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in
- operational existence.
Page 4
## **Ibrox Parish Church of Scotland Trustees’ Report Year ended 31 December 2025**
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time 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 Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information on the congregation’s website. Legislation in the United Kingdom governing the preparation and dissemination of the financial statements may differ from legislation in other jurisdictions.
Approved by the Trustees and signed on their behalf,
Session Clerk: Morag Fleming
Date 3 February 2026
Page 5
## **Ibrox Parish Church of Scotland**
## **Independent Examiner’s Report to the Trustees of Ibrox Parish Church Year ended 31 December 2025**
I report on the accounts of the charity for the year ended 31 December 2025 which are set out on pages 7 to 15.
## **Respective responsibilities of trustees and examiner**
The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) 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 (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.
## **Basis of independent examiner’s statement**
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). An examination includes a review of the accounting records kept by the charity 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 trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent examiner’s statement**
In the course of my examination, no matter has come to my attention
1. which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006
- Accounts Regulations (as amended), and
- to prepare accounts which accord with the accounting 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.
Antony Fraser CA Cahill Jack Associates Ltd 91 Alexander Street Airdrie ML6 0BD
Date 22 March 2026
Page 6
## **Ibrox Parish Church Statement of Financial Activities**
**For the year ended 31 December 2025**
|**Incoming Resources**
Income and endowments from:
Donations and Legacies
1
Charitable Activities
2
Investments
3
**Total incoming resources**
**Resources Expended**
Cost of generating funds
4
Charitable activities
4
Other
Depreciation
**Total resources expended**
Net income/(expenditure) before gains and losses on investments
Net gain/(loss) on investment
**Net Income/(Expenditure)**
Transfers between funds
**Net movement in funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**Restricted**
**Restricted**
**Restricted**
**Funds**
**Funds**
**Funds-Youth**
**Pastoral Care**
**Total**
**2025**
**2025**
**2025**
**2025**
**2025**
**£**
**£**
**£**
**£**
**£**
31,898
8,302
-
416
40,615
43,602
-
-
-
43,602
932
-
-
-
932
76,432
8,302
-
416
85,149
-
-
-
-
-
76,284
26,710
-
413
103,407
76,284
26,710
-
413
103,407
-
-
-
-
-
-
-
-
148
(18,408)
-
2
(18,258)
-
-
-
-
-
148
(18,408)
-
2
(18,258)
42,106
318,932
646
668
362,352
42,254
300,524
646
670
344,094|**Unrestricted**
**Funds**
**2024**
**£**
32,820
34,187
1,248|**Restricted**
**Funds**
**2024**
**£**
37,895
299
-|**Restricted**
**Restricted**
**Funds-Youth**
**Pastoral Care**
**2024**
**2024**
**£**
**£**
-
473
15
-
-
-|**Total**
**2024**
**£**
71,188
34,501
1,248|
|---|---|---|---|---|---|
|||68,255|38,194|15
473|106,937|
|||-
97,700
-|-
56,182
-|-
-
70
280
-|-
154,232
-
-|
|||97,700|56,182|70
280|154,232|
|||-
-|-
-|-
-|-
-|
|||(29,445)|(17,988)|(55)
193|(47,296)|
|||21,000|(21,000)|-
-|-|
|||(8,445)|(38,988)|(55)
193|(47,296)|
|||50,551|357,920|701
475
.|409,648|
|||42,106|318,932|646
668|362,352|
Page 7
## **Ibrox Parish Church**
## **Balance Sheet**
## **As At 31 December 2025**
|**Note**
**Fixed Assets**
Tangible Fixed Assets
**7**
Investments-Bonds
**8**
**Current Assets**
Debtors
**9**
Bank and Cash
**10**
**Creditors**
Falling due within one year
**11**
**Net Current Assets**
**Creditor falling due after more**
**than one year**
**Net Assets**
**The funds of the Charity:**
**Unrestricted Funds**
**13**
General funds
Designated funds
**Restricted Funds**
**13**
Pastoral Care
New building fund
Warm Welcome Fund
**Total Funds**
Fixed Assets Fund
Children & Youth Work|**£**
8,463
41,454
49,917
(5,104)
(5,104)
38,563
3,691
42,254
294,281
646
670
6,243
-
301,840|**2025**
**£**
294,281
5,000
299,281
44,813
-
344,094
42,254
301,840
344,094|**£**
19,123
52,470
71,593
(8,522)
(8,522)
41,189
917
42,106
294,281
646
668
24,522
129
320,246
-|**2024**
**£**
294,281
5,000|
|---|---|---|---|---|
|||||299,281
63,071
-|
|||||362,352|
|||||42,106
320,246|
|||||362,352|
|||||-|
The accounts were approved by the trustees on 3 February 2026 and signed on their behalf by:
Morag Fleming
Meredith Greta
Page 8
## **Ibrox Parish Church of Scotland Year ended 31 December 2025**
## **Accounting Policies**
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) effective 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 to specific requirements as to their use which may be declared by the donor or with authorised or created through legal processes, but still within the wider 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.
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.
## Incoming resources
## Donations
All donations and gifts are included within incoming resources under either unrestricted or restricted funds according to the terms under which the donation is made and when the amount can be quantified with reasonable certainty. Donations and gifts in kind are brought into the accounts at their market value to the charity.
## Interest and dividends receivable
Interest on funds held on deposit and dividends are 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.
## Resources expended
Expenditure is recognised on an accruals basis as the liability is incurred.
Page 9
## **Ibrox Parish Church of Scotland Year ended 31 December 2025**
## **Accounting Policies - continued**
## Tangible fixed assets
The charity has the right to occupy and use for its charitable objects certain tangible fixed assets, including the Church and halls, 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
The manse which is vested in local trustees is included at cost. No depreciation is charged on the manse due to the extent of upkeep and repairs work carried out on the property and the estimated residual value being greater than the amount stated in the accounts. All other tangible fixed assets costing in excess of £5,000 having a value to the charity greater than one year, other than those acquired for specific purposes, are capitalised. Depreciation is provided on a straight-line basis to write off the cost or initial value, less residual value, of tangible fixed assets over their estimated useful lives:
Fixtures, fittings and office equipment 3 years Organ over 10 years
## 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
Ibrox 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.
The charity is entitled under Section 13(2) of the Charities and Trustee Investment (Scotland) Act 2005 to describe itself as a Scottish Charity.
Page 10
## **Ibrox Parish Church**
|**Notes forming part of the financial statements**
**for the year ended 31 December 2025**
**1 Donations and Legacies**
Offerings (FWO, tea money, open plate)
Tax recovered on Gift Aid
Legacies
Grants
Contributions from Congregational Organisations
Other-Fabric
**2 Income from Charitable Activites**
Regular Fundraising Events
Use of Premises
Weddings and Funerals
Bequest
**3 Investment Income**
Deposit interest
Dividends received
Bank interest|**Unrestricted**
**Restricted**
**Restricted**
**Restricted Funds**
**Funds**
**Funds**
**Youth Fund**
**Pastoral Care**
**Total**
**2025**
**2025**
**2025**
**2025**
**2025**
**£**
**£**
**£**
**£**
**£**
25,275
1,870
-
416
27,560
5,260
432
-
-
5,691
-
-
-
-
390
6,000
-
-
6,390
913
-
-
-
913
60
-
-
-
60
31,898
8,302
-
416
40,615
5,718
-
-
-
5,718
37,834
-
-
-
37,834
50
-
-
-
50
-
-
-
-
-
43,602
-
-
-
43,602
766
-
-
-
766
166
-
-
-
166
-
-
-
-
-
932
-
-
-
932|.
.
**Unrestricted**
**Restricted**
**Restricted**
**Restricted Funds**
**Funds**
**Funds**
**Youth Fund**
**Pastoral Care**
**Total**
**2024**
**2024**
**2024**
**2024**
**2024**
**£**
**£**
**£**
**£**
**£**
23,262
3,895
-
473
27,630
6,404
-
-
-
6,404
-
-
-
-
-
350
34,000
-
-
34,350
953
-
-
-
953
1,851
-
-
-
1,851|
|---|---|---|
|||32,820
37,895
-
473
71,188|
|||932
299
15
-
1,246
33,105
-
-
-
33,105
150
-
-
-
150
-
-
-
-
-|
|||34,187
299
15
-
34,501|
|||1,060
-
-
-
1,060
188
-
-
-
188
-
-
-
-
-|
|||1,248
-
-
-
1,248|
Page 11
**Ibrox Parish Church**
**Notes forming part of the financial statements For the year ended 31 December 2025**
|**4**
**Analysis of Expenditure**
**Raising Funds:**
Offering Envelopes Church Off Exps
**Charitable Activites:**
Ministries and Mission Allocation
Presbytery Dues
Minister's Expenses
Pulpit Supply
Fabrics Repairs & Maintenance
Council Tax
Other Buildings Costs
Insurance
Cleaning
Heat Light
Church Office Expenses
Piano & Music
Pastoral Care
Children & Youth Work
Audit Accrual
Warm Welcome
Other Expenses Donations
Professional Fees
Bank fees
Church Events (not halloween)|**Unrestricted**
**Restricted**
**Restricted**
**Restricted Funds**
**Funds**
**Funds**
**Funds-Youth**
**Pastoral Care**
**Total**
**2025**
**2025**
**2025**
**2025**
**2025**
**£**
**£**
**£**
**£**
**£**
-
-
-
-
-
-
-
-
-
-
27,779
27,779
960
960
2,233
2,233
600
600
1,286
26,581
27,867
3,509
3,509
2,692
2,692
7,811
7,811
4,981
4,981
20,656
129
20,785
154
154
615
615
-
362
362
-
-
-
1,100
1,100
-
-
1,584
1,584
80
80
12
12
231
51
282
76,284
26,710
-
413
103,407|**Unrestricted**
**Restricted**
**Restricted**
**Restricted Funds**
**Funds**
**Funds**
**Funds-Youth**
**Pastoral Care**
**Total**
**2024**
**2024**
**2024**
**2024**
**2024**
**£**
**£**
**£**
**£**
**£**
-
-
-
-
-|
|---|---|---|
|||-
-
-
-
-|
|||26,425
-
-
-
26,425
2,294
-
-
-
2,294
2,965
-
-
-
2,965
400
-
-
-
400
18,399
51,173
-
-
69,572
3,218
-
-
-
3,218
642
-
-
-
642
7,148
-
-
-
7,148
6,751
-
-
-
6,751
26,632
-
-
-
26,632
194
-
-
-
194
1,427
-
-
-
1,427
-
-
-
280
280
-
-
70
-
70
1,000
-
-
-
1,000
-
-
-
-
-
83
-
-
-
83
-
5,009
-
-
5,009
122
-
-
-
122|
|||97,700
56,182
70
280
154,232|
Support costs have not been separately identified as the trustees consider there is only one charitable activity. Therefore support costs relate wholly to that activity and have not been separately identified.
Page 12
## **Ibrox Parish Church Notes forming part of the financial statements for the year ended 31 December 2025**
|**5 Staff Costs and Numbers**
Salaries and Wages
Social Security Costs employers NI
Total
Ministerial Support
Administration
Music Staff
Premises Maintenance
The average numbers of employees during the year, calculated on|**2025**
**2024**
**£**
**£**
-
-
-
-
-
-
**2025**
**2024**
-
-
-
-
-
-
-
-
-
-
the basis of head count, was as follows:|
|---|---|
No employee had employee benefits in excess of £50,000 (2023 - nil)
All Church of Scotland congregations contribute to the National Stipend Fund which bears the costs of all ministers' stipend and employer's contributions for national insurance, pensions and housing and loan fund. Ministers' stipends are paid in accordance with the national stipend scale, which is related to years of service. For 2025, the minimum stipend is £32,433 and the maximum stipend in 5th and subsequent years of service £39,856.
## **6 Trustee Remuneration and Related Party Transactions**
During the year a total of £10,630 (2024 = £14,800) was donated to the congregation by trustees. During the year, the Minister received no Voluntary Additional Stipend but did receive reimbursement of expenses totaling £5,742 which included Manse Council Tax of £3,509 and travel expenses of £2,233. None of the other Trustees received any reimbursement of expenses or remuneration. No Trustee or person related to a Trustee had any personal interest in any contract or transaction entered into by the charity during the year. The Church did not incur expenses for piano music in 2025.
|**7 Tangible Fixed Assets**
**Cost**
At 1 January 2025
Additions
Disposals
At 31 December 2025
**Accumulated Depreciation**
At 1 January 2025
Charge for year
Eliminated on Disposals
At 31 December 2025
**Net Book Value**
At 31 December 2024
At 31 December 2025|**Buildings**
**£**
294,281
-
-
294,281
-
-
-
-
294,281
294,281|**Office**
**Equipment**
**£**
42,686
-
-
42,686
42,686
-
-
42,686
-
-|**Total**
**£**
336,966
-
-|
|---|---|---|---|
||||336,966|
||||42,686
-
-|
||||42,686|
|||||
||||294,281|
||||294,281|
Page 13
**Ibrox Parish Church Notes forming part of the financial statements for the year ended 31 December 2025**
|**8 Investments**
Market Value at 1 January 2024
Unrealised gain/(loss) on investments
Market Value at 31 December 2025
**The following investments are held:**
National Income Bonds
**9 Debtors**
DCMS Vat due back on Work
Gift Aid
Smartest Energy
Hall Lets
**10 Bank Accounts**
**The following bank accounts are held:**
Bank of Scotland - Treasurers' Account
Church of Scotland - Treasurers' Account-Fabric
Cash Float - Held by Church Officer
Church of Scotland - Treasurer General Purpose
Church of Scotland - Manse Fund
**11 Creditors**
Accruals:
Revd Tara Granados T/E
Gas
Electricity (not includ refund)
Reporting Accountant
Clearways
Richmond's Hope overpayment
Retiral collection for Tara|**2025**
**£**
5,000
-
5,000
5,000
**2025**
**£**
-
5,691
-
2,772
8,463
**2025**
**£**
24,032
2,158
100
9,604
5,560
41,454
**2025**
**£**
524
2,015
275
1,100
479
-
712
5,104|**2024**
**£**
5,000
-|
|---|---|---|
|||5,000|
|||5,000|
|||**2024**
**£**
637
6,404
9,352
2,730|
|||19,123|
|||**2024**
**£**
35,048
2,158
100
9,604
5,560|
|||52,470|
|||**2024**
**£**
572
2,287
513
1,000
400
3,750
-
-|
|||8,522|
Page 14
## **Ibrox Parish Church Notes forming part of the financial statements for the year ended 31 December 2025**
|**12 Analysis of Net Assets Between Funds**
Fixed Assets-Manse
National Income Bonds
Debtors
Bank
Church of Scotland - Fabric Account
Cash
Church of Scotland - Treasurer
Church of Scotland - Treasurer-Manse
Current Liabilities
**Net assets at 31 December 2025**
Fixed Assets-Manse
National Income Bonds
Debtors
Bank
Church of Scotland - Fabric Account
Cash
Church of Scotland - Treasurer
Church of Scotland - Treasurer-Manse
Current Liabilities
**Net assets at 31 December 2024**
**13 Movement in Funds**
**As At**
**1.1.25**
Unrestricted Funds
**£**
General Fund
41,189
Designated Fabric Fund
917
42,106
Restricted Funds:
Fixed Assets Fund
294,281
Children & Youth Work
646
Pastoral Care Fund
668
Restricted New Building Fund
24,522
Warm Welcome Fund
129
320,246
**Total Funds**
362,351
**Movement in Funds**
**As At**
**1.1.24**
Unrestricted Funds
**£**
General Fund
44,086
Designated Fabric Fund
6,465
50,551
Restricted Funds:
Fixed Assets Fund
294,281
Children & Youth Work
701
Pastoral Care Fund
475
Restricted New Building Fund
63,510
Warm Welcome Fund
129
359,096
**Total Funds**
409,647|**12 Analysis of Net Assets Between Funds**
Fixed Assets-Manse
National Income Bonds
Debtors
Bank
Church of Scotland - Fabric Account
Cash
Church of Scotland - Treasurer
Church of Scotland - Treasurer-Manse
Current Liabilities
**Net assets at 31 December 2025**
Fixed Assets-Manse
National Income Bonds
Debtors
Bank
Church of Scotland - Fabric Account
Cash
Church of Scotland - Treasurer
Church of Scotland - Treasurer-Manse
Current Liabilities
**Net assets at 31 December 2024**
**13 Movement in Funds**
**As At**
**1.1.25**
Unrestricted Funds
**£**
General Fund
41,189
Designated Fabric Fund
917
42,106
Restricted Funds:
Fixed Assets Fund
294,281
Children & Youth Work
646
Pastoral Care Fund
668
Restricted New Building Fund
24,522
Warm Welcome Fund
129
320,246
**Total Funds**
362,351
**Movement in Funds**
**As At**
**1.1.24**
Unrestricted Funds
**£**
General Fund
44,086
Designated Fabric Fund
6,465
50,551
Restricted Funds:
Fixed Assets Fund
294,281
Children & Youth Work
701
Pastoral Care Fund
475
Restricted New Building Fund
63,510
Warm Welcome Fund
129
359,096
**Total Funds**
409,647|**General**
**Designated**
**Restricted**
**Total 2025**
**£**
**£**
**£**
**£**
-
-
294,281
294,281
-
-
5,000
5,000
8,463
-
-
8,463
24,032
24,032
1,469
689
2,158
100
-
-
100
5,913
3,691
-
9,604
3,691
-
1,869
5,560
(5,104)
-
-
(5,104)|
|---|---|---|
|||38,564
3,691
301,839
344,094|
|||**General**
**Designated**
**Restricted**
**Total 2024**
**£**
**£**
**£**
**£**
-
-
294,281
294,281
-
-
5,000
5,000
19,123
-
-
19,123
30,489
-
4,559
35,048
-
917
1,241
2,158
100
-
-
100
-
-
9,604
9,604
-
-
5,560
5,560
(8,522) -
-
(8,522)|
|||41,190
917
320,245
362,352|
|||**Incoming**
**Outgoing**
**As At**
**Resources**
**Resources**
**Transfers**
**31.12.25**
**£**
**£**
**£**
**£**
76,371
(74,998)
(4,000)
38,563
60
(1,286)
4,000
3,691|
||42,106|76,432
(76,284)
-
42,254|
||294,281
646
668
24,522
129|-
-
-
294,281
-
-
-
646
416
(413)
-
670
8,302
(26,581)
6,243
-
(129)
-
-|
||320,246|8,718
(27,123)
-
301,840|
||362,351|85,149
(103,407)
-
344,094|
||**As At**
**1.1.24**
**£**
44,086
6,465|**Incoming**
**Outgoing**
**As At**
**Resources**
**Resources**
**Transfers**
**31.12.24**
**£**
**£**
**£**
**£**
66,404
(79,301)
10,000
41,189
1,851
(18,399)
11,000
917|
||50,551|68,255
(97,700)
21,000
42,106|
||294,281
701
475
63,510
129|-
-
-
294,281
15
(70)
646
473
(280)
668
38,194
(56,182)
(21,000)
24,522
-
-
-
129|
||359,096|38,682
(56,532)
(21,000)
320,246|
||409,647|106,937
(154,232)
-
362,352|
## **14 Funds**
Fund Descriptions: Designated fabric fund: used for fabric repairs to church and manse; Fixed asset fund: the value of the manse; Children and youth work fund: used solely for the purpose of youth activities, resources, and spaces within the church; Pastoral care fund: used solely for the purpose of pastoral care; New Building Fund: used solely for expenses associated with our new building works. In addition to starting those works, we've also brough in more funding to this fund via grants, congregational donations, and fundraising. The Warm Welcome Fund serves the Warm Welcome Project which will be carried into 2025.
## **15 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 volunteers are many and varied and much of the activity would be unable to continue were it not for the commitment shown.
Page 15
## **Ibrox Parish Church**
|**CAPITAL ACCOUNT**
Credit Balances held at 31 December at cost 2024
Unrealised gain / (loss) on investments
Realised gain
Property costs - new building project
Market Value of Balances at 31 December 2025
Investment at cost
Consolidated fabric fund-Unit price 31/12/2024
£1.54 No. Of Units 14,701
**DEPOSIT FUND**
Sale of Flat-Balance held 01 January 2025
Realised gains on Fund 55
Property costs - new building project
Roof repair in link block
Balance 31 December 2025
Growth Fund Unit Price at 31.12.2024 £6.38
Income Fund - Unit Price at 31.12.2024 £11.06
**REVENUE ACCOUNT**
Credit Balance at 31 December 2024
Allocation of support costs
Interest
**TEMPORARY FUNDS**
Debit Balance at 31 December 2024
Building works on sanctuary|**2025**
-
£
-
£
-
£
-
£
-
£
-
£
-
£
-
£
-
£
-
£
-
£
£ 46.37
£ -60.00
£ 11.69
£ 3277.00
£ 1.94
-£4850.88|**2024**
-
£
-
£
-
£
-
£
-
£|
|---|---|---|
|||-
£|
|||-
£
-
£
-
£
-
£|
|||-
£|
|||-
-
46.37
£
£
£|
|||46.37
£|
|||1,573.88
£|
|||1,573.88
£|
This chas is held by THE CHURCH OF SCOTLAND GENERAL TRUSTEES for the purpose of fabric and can only be used with their permition
Appendix 1
## **Profit and Loss** Ibrox Parish Church For the year ended 31 December 2025
|**Account**|**0**|**Building Fund**|**Unassigned**|**Total**|
|---|---|---|---|---|
|**Turnover**|||||
|Deposit Interest||0.00|765.90|765.90|
|Dividend Interest||0.00|165.73|165.73|
|Donations for Other||0.00|1,459.90|1,459.90|
|Donations from Con||0.00|913.27|913.27|
|Fabric Boxes||0.00|60.31|60.31|
|Free Will Offerings||1,870.00|21,466.02|23,336.02|
|FundraisingEvents||0.00|799.85|799.85|
|Grants||6,000.00|390.00|6,390.00|
|Offerings||0.00|630.00|630.00|
|Open Plate||0.00|3,178.75|3,178.75|
|Sale of SanctuaryIt||0.00|3,458.36|3,458.36|
|Tax recovered on G||0.00|5,691.42|5,691.42|
|Use of Premises||0.00|37,833.97|37,833.97|
|Weddings and Fune||0.00|50.00|50.00|
|**Total Turnover**||**7,870.00**|**76,863.48**|**84,733.48**|
|**Gross Profit**||**7,870.00**|**76,863.48**|**84,733.48**|
## **Administrative Costs**
|Bank Fees|0.00|12.36|12.36|
|---|---|---|---|
|C o S Minister's Exp|0.00|2,232.70|2,232.70|
|Church Events|0.00|231.28|231.28|
|Church Office Expen|0.00|153.68|153.68|
|Cleaning|0.00|4,981.32|4,981.32|
|Council Tax|0.00|3,509.11|3,509.11|
|Donations to Others|0.00|1,384.40|1,384.40|
|Fabric Repairs and|26,581.07|1,286.31|27,867.38|
|Heat and Light|0.00|20,785.31|20,785.31|
|Insurance|0.00|7,810.52|7,810.52|
|Ministries and Missio|0.00|27,779.00|27,779.00|
|Other BuildingCosts|0.00|2,692.36|2,692.36|
|Other Expenses|0.00|199.49|199.49|
|Piano and Music|0.00|615.00|615.00|
|PresbyteryDues|0.00|960.00|960.00|
|Professional Fees|0.00|1,180.00|1,180.00|
|Pulpit Supply|0.00|600.00|600.00|
|**Total Administrativ**|**26,581.07**|**76,412.84**|**102,993.91**|
|**Operating Profit**|**(18,711.07)**|**450.64**|**(18,260.43)**|
|||||
|**Profit on Ordinary**|**(18,711.07)**|**450.64**|**(18,260.43)**|
|||||
|**Profit after Taxatio**|**(18,711.07)**|**450.64**|**(18,260.43)**|
Appendix 2