Scottish Charity Ref. No.- sco10818 Congregation No. 150801 GREENOCK: LYLE KIRK (CHURCH OF SCOTLAND) TRUSTEES, ANNUAL REPORT & ACCOUNTS YEAR ENDED 31 DECEMBER 2024 GREENOCK.. LYLE KIRK (CHURCH OF SCOTLANDI TRUSTEES, ANNUAL REPORT & ACCOUNTS Year ended 31 December 2024 INFORMATION ON CHARI Charity Name: Greenock.. Lyle Kirk (Church ol Scotlandl Charity Registration No.. SC0108118 Congregation No.: 150801 Contart Address. 31 Union Street, Greenock PA16 8DI PRINCIPAL IFFICE BARERS Minister.. Session Clerk: Church Treasurer: INDEPENDENT EXAMINER: BANKERS: The Bank of kotland, 64166 West Blackhall Street. Green TRUSTEES Every Elder, who is a Member of the Kirk Session. is a Trustee of the Charity. Accordingly. the tertrns "the Kirk Session" and 'the Trustees" are used interchangeably throughout this Report. The Trus¢ees whn d diiring thp y•xr W*rg' Foiiow1ng Ine u nion wiin (ireenocK >1 Margarei s on l January 2U25 tne KirK Ses510ns were merggd and so the following Elders also seNed up to the date of signing this Rpoort. & Accoijntq GREENOCK.. LYLE KIRK ICHURCH OF SCOTLANDI TRUSTEES, ANNUAL REPORT & ACCOUNTS Year ended 31 December 2024 OBECTIVES, VISION AND GOVERNANCE Introduction The Trustees present their Annual Report and Accounts fof the year ended 31 December 2024. sale of the Newark street building was completed in February bringing to an end the difficult b perhaps inevitable rationalisation of Lyle Kirk's churth properties on to one site. There was an increase in attendance at Sunday worship, the minister continued to offer a range of opportuni ies for worship on days other than the traditional Sunday. Lyle Gateway expanded its range of actithties resulting in a concomitant increase in numbers using the facility. As the financial 5tatement5 disclose later the financial position improved and most importantly of all the proposed union with St Margaret's was finally brought to fruition. Objectives The Church of Scotland is.. Trinitarian inn in doctrine reformed in tradition.. and Presbyterian in polity. It exist5 to glorify God and to work for the advancement of Christ's Kingdom throughout world. As a national Church it acknowledges a distinctive call and duty to bfing the ordinances o religion to the people In every parish in Scotland through a territorial ministry. It Co-operates wi other denomination5 through various ecumenical bodies irb Scotland and beyond. Vision The key elements of Lyle Kirk's Vision Statement can be summafised as follows.. Enabling people to worship God together: Prov1ding pastoral support for each other in God's name." Reachin8 out with the good news of Jesus to both those around us and those further aw•y', Being central to the life of the local community in Chri5Ys nème.. and Enabling people of all ages to learn more about God. Governance The Church is administered in accordance with the terms of the Deed of Constitution (Unitary Fo Under the Unitary Constitution the Kirk Session whose members are drawn from those who ère ordained elders of the church are. as noted above, also the Trustees are respon51ble for both the spiritual and temporal affairs of ihe church Including the preparation of the annual report and accounts. The Kirk Session met 9 times during the year. The elders are chosen from those members of the church who are considered to have the appropriate gifts and skills. Elders are ordained for life and admitted as members of the Kirk Sess but, with good cause, may resign from the Kirk Session retaining the statu5 emeritus elder but ce to be a Trustee. The Minister is elected by the congregation and Tnducted by Presbytery automatically becomin8 boih a member and the rnoderatoi of Session In order ro ensure that our governance structure is properly altgned to deliver our Vision Statemtht Isee abovel and 31so widen participation in the managernent of the church's affairs the Kirk Sessi operates with seven Action Groups and with one exception each has it5 own Convenor with responsibility for.. Worship- Pastoral Care,. Outreach Education- Communications,. and Stewardshi and Finance. The exception is the Property. Plant and Equipment Action Group which operates se GREENOCK.. LYLE KIRK ICHURCH OF SCOTLANDI TRUSTEES. ANNUAL REPORT & ACCOUNT5 Year ended 31 December 2024 08EcfivES. VISION ANO GOVERNANCE {conVdl Governance Iconyd without a Convenor but whose actwities are ccM)rdinated and reported to Session by the A551Sta Session Clerk. The Kirk Session also has a Coordlnatlng Group, comprlslng the Convenor5. The Clèfks and the Minister, to ensure better cohe5i0n across the Action Groups and to draw up the ABen(b for meetings of the Kirk Se55ion. All of ihe foregoing Gowernance arrangements were reviewed as part of the process of Union w St Margaret's and this is referred to below in the para8raph on the Union. CLYDE PRESBYTER Y MISSION PLAN AND COUA8ORAmvE WORKING BETWEEN CHURCHES Clyde Preswery Mlsslon Plan and Unlon wlth St Maryaretrs The Clyde Presbytery Mission Plèn. agreed in May 2023. p. Proposed. inter olic, a Union betwee Lyle Kirk and St Margaret's. The proposal envisaged thar the Llnion would take place under the Ministry of Rev lonarhan Fleming and on term5 that provided for Sunday worship to continue at both Union Street and Finch Road locations and, as far as possible. for the preservation of the Identltles of the curreni congregations. Despite it becomln8 imrnediately that the proposed Union comrnanded substantial sUPPOrt with each con8re8ation Clyde Presbytery's limetable resulied In the process taking over a year io complete. From an Initial meeting In January. the basis of Union was not formally agreed by the respective Kirk Sesslons until October with the congregalional vote taking place on Sunday 8 December and approved by 77 votes to l a8ainst. Followin8 the vote. the Union became effectiv from l January 2025 The principal terms agreed undef the Ba515 of Union and the Memorandum of Understandin8 ag between the respective Kirk Sessions are Name - Greenock. Lyle Kirk Location - Union Street and Finch Road Worship - to be conducted at both locations except for joint seryices w1th the Minister committin8 to lead worship at Finch Road at least once a month as well a$ 12 joint servic Administration - Merged Kirk Se$5ion. adoptson of Action Group Structure and Coordinatih8 Group Teformed with additional reswnsibility for overseeing the successful operation ol éhe Union CollalK)ralbve Works￿ between Churches As noted in last year'5 report the collaborative arrangements conducted under the CONNECT ban were effectively sisted during the preparation of the Presbytery Mission Plan and have not been resumed. However, Lyle Kirk continues to work collaboratively with Westburn Parish Church hold joint services over the summer and at Christmas and New Year and holding joint sessions of 818 F Family Saturdays and a Sunday Youth Group as well as a joint holiday club and joint school chaplaincy er GREENOCK: LYLE KIRK ICHURCH OF SCOTLAND) TRUSTEES. ANNUAL REPORT & ACCOUNTS Year ended 31 December 2024 WORK OF THE CHURCH Worship The preparation and delivery of worship is dire¢ted by the Minister through the Worship Actio Group which draws on the services of elders and other members of the congregation as requir Sunday Worship is held every week at 10.30 am. The sound and vision 5VStem with the Screens displaying the Minister and other worship leaders, together with the words of hymn5, readings i11u5tralions and the playing of videos as appropriate. Lessons are read from a variety of Iransla Hymns are sung mostly from CH4 but with frequent use of more contemporary 5Qtttngs We m the great Christian Festivals of Easter and Christmas and the seasons of Lent and Advent and celebrate the Sacrament of Holy Communion orl a quarterly basi5. We mark Harvest in Septem and Remembrance in November. During the year there were no marriage ceremonies, and 4 se of baptisrn conducted in the church and the f￿neral services for 54 people were arranged throu the church. The Minister is also supported In morning worship by rhe Church organist who a150 arranged Organ Recitals featuring both himself and guest organists and also a performance by t Riverside Youth 8and. ons. ices We operate a "car pool" to provide transport to church lor those who are not mobile and our 5 and vision systern enables all services to be Iive-strearned via Facebook and You Tube. We have the chaplaincy of the Greenock Medical Aid Society for which and the Minister leads monthly services of worship ai 8agatelle and Glenfield care homes. We also provide services al Na-craig House Care Home and Kincaid House Care Home as requested. From October. we had the pleasure of our worship bein8 asslsted by a candidlte for the Diaconate who in addition to being the Parish Assistant al Gourock.. St John'5 wa5 placed I under the Minister who provided her with experience of conducting 311 aspects ol worship includng the children's address all of which she carried out with mo4t effectively and with good humour. On I S DccD~hi*T n?A we were delighted to welcome to lead our service o worship 5 the Min15ter ol our partncr cliurLh St Aridro'.v y l)resbyterian Church 8ulawa¥o. ZJinbia wno was attending Edinburgh Univer51ty lor a Masters course. Pastoral Care The Mirnister 15 the principal provider of pastoral care but to support that work pastoral care is provided In two further ways. First, ovory member of the congregation is allocated lo a district a each elder is ass18ned to a district. The elder is the printipal point of contact for ensuring the appropriate level of support Is provided. Elders visit the rnembers in their district al least quarterik usually preceding each service of Holy Communion With a further reduction in the number of Elthrs during the year, through resignation or death. our ability to sustain £urh itj,, 41-. 4.IrnmE diffic Second, the Pastoral Care Action Group, under the Convenor5hip of provides I additional support for those with greater needs including but not re5trictcd ro the housebound.. the frail and elderly,. and those suffering from illness and or loneliness. Each of the Group of ten ha5 a of between three to six people, whom they visit re8ularly and send birthday and ChTislma5 Cards. discrete WharsApp Group has been established to allow the Group to exchange information on current needs. GREENOCK.. LYLE KIRK (CHURCH OF SCOTLANDI TRUSTEES, ANNUAL REPORT & ACCOUNTS Year ended 31 December 2024 WORK OF THE CHURCH Iconvd) Pastoral Care Iconyd As part of its continuing review of the Church Roll, the Kirk Session identified two group5 of members who did not appear to s3t15fy the requirements prescribed in the Consolidating Act Communion Rolls 21XKI I'the Arfl to remain full members. The first was group of members w Elder5 attested had not played any actsve part in the life of the Church over a number of years Ind the second was a group of member5 where post31 communic31ions had been returned as "Not thrs Address~ and for whom enquiries had failed to elicit a current address. After following the procedures laid down in the Act the Kirk Session resolved to transfer to the Supplementary Rol members who failed to provide a satisfactory reason for their failure to engage in the life of th church.- and 67 members for whom no means of contact could be established. ent om 27 Outreach The Outreach Action Group ensures that the Church is demonstrably serying not only the need4 of people livin8 Wlthin our local boundary but also further afield. Under the convenorship of Marg Tet Foggie, the Group raises funds or organises donation5 for local charities such as.. Starter Packs Inverclyde- InveTclyde Family Contact Centre,. and the Greenock Food 83nk. Used stamps were collected lor the Erdogan Hospice and money was raised lor Christièn Aid and Crossreach A slail wa5 set LIP on Sunday mornings to raise funds lor Olive Tree, the Palestinian Med1cal Charity. The GrDUP organised a SOUPEASUNOAY lunch in in aid of our partner church= St Andrew's Presbyterian Chdrch in 8ulawayo Zimbabwe. Our most Important en8agement with the wider community 15 effected through Lyle Gatewav (Gateway) which was set up by the Outreach Action Group but constituted as a separate Scottis Chaiity to enable it to allract wider funding sources. Gateway Is, therefore. financially independpnt of the Church with Its own managernent team 50 per cent of whom are dr3wn from the Kirk Ses ion. At Is AGM In Apri stepped down as Chair and was replaced by the Minister. as responsible for taking Gateway from a two mofnings a week reasonably attended community gathering point 10 the hugety expanded and successful community hub it is todav. Gateway is now open at some stage five days a week. On Mondays it hosts.. Photography health walk and Embracing Memories - Our Dementia Friendly Cafe ihe latter supported by Alzheimer's Scotbnd and Inverclyde Carer5 Gateway- on Tuesdays the traditional Drop in Cafe with Tai Chi and Table Tenni5," on Wednesdays a Toddlers. Cafe 5UPPOrted by Inverclyde Bothy and an Art Class and la 5e55ions." on Thursdays the traditional Drop in Café with Tai Chi. Table Tennts and J gardening Cl and on Fridays Singing for Wellbeing and Cafe International. In addition, Gateway organi5ed an annual summer outing to Finlaysione Country Park. a winter t to Oobbie's Garden Centre. served a Christmas Day Lunch for some 34 individua15 who otherwis might go without. Gateway now attracts between some 230 to 270 visitors each week to the church's premises, 70 cent of whorn have no direct connection with Lyle Kirk. 1t employs a Community Development Officer and a further 4 staff supported by a pool of around 30 volunteers. er GREENOCK- LYLE KIRK (CHURCH OF SCOTLAND) TRUSTEES, ANNUAL REPORT & ACCOUNTS Year ended 31 December 2024 WORK OF THE CHURCH Iconvdl Education Under the Convenership of Stephen Beck the Education Action Group organised a visit to Paisl Abbey combined with a visit to Kelvingrove Museum and Art Gallery and The Govan Stones. aimed at enlightening those attending on the history of the Christian Faith in Scotland. The Group resea hed and led a far-reaching discussion on the Role of an Elder. The Group had hoped to lead a furth discussion for Elders on Dealing with bereavement, but this has been held over until next year. A sub-set of the Education Action Group ha5 oversight of the Church's youth activities. At the beginning of the Year 12 young people were registered in its Sunday School but numbers fell a ayas 50rne older members left to Join leisure clubs which meet on Sunday morning5. The leadeT5 provide a varied programme which this year was aligned to the with the subject of the morning's serm To cater for a wider age group, the Church, in collaboration with We5tburn Parish Church (see paragraph on Collaborative working between Churches above) we ran a Holiday Club for one w*ek in the Summer with 24 children attending and we run a.. Café Church on the 2. Sunday of the mofyth.. Big Fun Family Saturdays on the 3, Saturday of the month.. and the Kirks Youth Group on the 3*4 Sunday of the month.. These latter groups attract in a8gre8ate some 90 to 110 individuals. The Church has its own Boys, 8rigade Company and is associated with a Scout Group. The I, Greenock Boys, Brigade which meets in our halls has some 51 members and is very active acros sections. The Company joined in Sunday worship on 27 Ortober 2024 for its Enrolment Service. The 70" Greenock and District ScoL*t Group with some 140 members is very active across the Sc uts, Beavers, Brownies and Rainbows. The Scout Group in conjunction with Sl John's Church, Gourckk Youth Organisations once again provided their annual Christmas Post Oelivery Service for the wlst end of Greenock and Gourock. Communications The Communications Action Group under the leadership of Adrian Howlett is responsible for.. Ensuring our website 15 kept up-to-date with all current news. intimations, events and relevant photographs, the web51te continues to be well regarded by members of the congregation for its User-friendly form and content.. Producing the church maga2ine 'Bulletin" each quarter. in both printed and online form Bulletin provides a vehicle for every organisation of the Church to intimate up-coming events and report on issues or events and is either delivered by Elders prior to a quarter communion or transmitted directly to those with registered email addresses,. and Operating the Sound and vision system each Sunday to suppon the Minister in the deliv of the Service and enable it io be live-streamed via Facebook and You TL*be. ts. rv Property, Plant and Equipment Both The Repair and Maintenance of OUT 3ssets and the letting of our halls is the responsibility of Y(he Property Plant and Equipment Action Group. AS reported earlier in the Port under the heading of Governance, this Group does not currently have a Convener but its artions are coordinated and reported to Session by the Asslstant Session Clerk. GREENOCK.. LYLE KIRK ICHURCH OF SCOTLANDI TRUSTEES, ANNUAL REPORT & ACCOUNTS Year ended 31 December 2024 WORK OF THE CHURCH Itonfd) Property. Plant and Equipment Iconvdl Repoirs and Mointenonce.. The Group operates on a rota basis which ensures than one individu responsible for any repair that miBhi arise or need to be attended to in any given week The re8ular maintenarLe of the Sanctuary and Halls in Union Street and the Manse in Eldon Street was carded duly out. The Group also completely refurbished the 5e5510n Room to a very high standard. Safety and Security.. The Grotsp also provided a(fvice to the Kirk Session on two rnatters of Safetk and Security. The Safety issue arose form a change In the In procedure for calling the Fire Brigade. Previously on suspecting a fire 50rneone in the building would empty the building and call the F Brigade. Under the revised rule5 the person calling the Fire Brigade will be challenged io explai what steps had been 13ken to establish the existence of a Fire. The gfOUP advised on the need each hall user group io appoint a"Duty Holder- and lor fevised Notices to be to be put up in appropriate places. The question of security arose lollowin8 receipt of a latter form the Principal Clerk asking Kirk Sessions to review iheir building's securlty following attacks on religious premises throughout UK. The Group considered local r15k a55e5sments and advised on revised procedures for locking certain doors while the premises were in use Hc711 Let5.. In addition to the church-related bodies referred to elsewhere in this Report, who use premises we also have a Badminton Club and an Indoor Bowling Club and the following external orgar)isations regularly use our premises.. Greenock Philharmonic Choif ènd Inverclyde Faiih in Throughcare. We also host.. 49" ATC Pa55.Oui Parades.. Greenock Philharmonic Choir Concerts.. A8RSM Music Exams IPractice and Theoryl,. the local Scout Group's rehearsèls for their Annual Show,. Inverclyde Music Festival for Speech Classes., Gfeenock and Oistrict Model Railway Club Annual Exhibifion and variotss events for children and famtlies. he Sale ond Purchase of 8uildings.. As noted earlier in this IReport. Missives for the sale of the Newa Street property werp concluded on 29 February 2024. This finalised the rationalisation ol our ownership ol church properties following the earlier sale ol the Esplanade Property and brought of our activities under one roof at Union Street stewardshlp and Flnance Financiol Control.. The dèy-today oversight of the Church's finances and of its principal Endowme Fund. the Edward Ker- Trust. Is provided by the Stewardship and Finance Action Group under the Convenorship ol .¥i",rk n£ n :c)n,unction with the ChLsrch Treasuror. Due to personal circumstances was intimaieu 10 ine April meeting ol the Kirk Session and hL bv Js Convener od Interim. Income 15 monitored, fund-raising events organised aiii,. 41 ,I' e requires to be authorisedl A financial report is presented to each meeting of the Kirk Session. 'or Annual Accounts.- The Accounts for the year ended 31 December 2024 follow on pages 11 to 25. F several year5 now, we have been operating at a delicit due to having to bear the costs of maintaining three building5. As Intimated last year, we disposed of The Esplanade building in GREENOCK- LYLE KIRK ICHURCH OF SCOTLAND) TRUSTEE5' ANNUAL REPORT & ACCOUNTS Year ended 31 December 2024 WORK OF THE CHURCH Iconvdl Stewardshlp and Finance IconVd} November 2023. We also disposed of the Newark Street building ift February 2024. meanrng th Account5 for 2024 reflect the costs of ooeraisng one building for most of the year. l am therefo pleased to report that the 2024 Accounts slow a surplus of £7.625 before crediting a legacy ol £8,935 from the estate ofthe late￿ making an overall surplus lor the year of £16,$60. The Surplus before crediting the legacy Is aue to reductions in the costs of Insurance and Propely Maintenonce. We were also fortunate to see an increase of almost £4.CknJ in Income from The se of Premises and over El,2￿ In our Investment Income. The results for 2023 included Income of, 6.299 from a Day of Giving v4hich we did not require in 2024. tthe In addition to the funds shown on our Balance Sheet. we have funds dep051ted v4ith the General Trustee5 as shown in Appendix I to the Accounts. These Fund5 are mainly the net proceeds fronl the sale of properties less the cost of any significant repairs or property costs paid out over the years. At 31 December 2024 these funds totalled f 302,697. The Trustee5 considef these funds to be held lor any future major Property costs so ihat such costs would not fall to be met by the Congregation. regular giving. On I, january 2025 we united wrth St Margarefs Church who bring further cash balances to bot our 8alance Sheet and our funds held by The General Trustees. Unfortunately. our budget for 20ks shows a deficit of over £6.CQO. This is in the main due io a significant increase in the Givin8 to Gr Assessment of Ihe united con8regation. It is hoped that this deficit will reduce in the coming yea and we will be showing a surplus in the not.too-distant future. Reserve5 Poliry.. 11 is the policy of the Trustees to try lo maintain Six month's expenditure in reserye in the unrestricted funds of the Charity. In addition. the Trustees try to maintain healthy reserves in the various restricted funds but noi at the expense ol ihe purF)oses for which these varioLt5 lund&are intended. The Trustees are always mindful of the purposes of the funds and look to utilise thern wherever p055ible. 5tatemcnt of Trustees Responsibility.. Charity Law requires the Trustees to prepa￿ finarKial statements for each financial year, which show a true and fair view of the State of affairs of the Charity and its financial atlivities for that period. In preparing those financial statements, the Trustees are required to: Select suitable accounting policie5 and then apply them consistentlv.. Make judgements and estimates thèi are reasonable and prudent.. State whether the applicèble accounting Standards and slatement5 Qf recommended practice have been followed, subject to departures disclosed and explained in the financ siatements,. and Prepare the financial statements on the going concern basis unless It is inappropriate to presume that the Charity will continue in operational existence. The Trustees are responsible for keeping proper accounting records which disclose with reasonablt accurary. at any tirne, the financial position of the Charity and enable them io ensure the financial statements comply with the Charities and Trustee Investment (Scotlandl Art 2005 and the Chariti GREENOCK.. LYLE KIRK (CHURCH OF SCOTLAND TRUSTEES, ANNUAL REPORT & ACCOUNTS Year ended 31 Decernber 2024 WORK OFTHE CHURCH Icont'd) Stewardship and Finance Iconyd Account5 Iscotlandl ReEulation52006 las arnendedl. They are also responsible for safeguarding Ihe assets of the Charity and hence for taklng reasonable steps for the prevention and detection ol Iraud aF)d other irregularities. Approved by the Trustees and signed on their behalf. io GREENOCK: LYLE KIRK (CHURCH OF SCOTLANDI SC010818 Independent Examlner's Report to the Trustees of Lyle Kirk: Greenock Ichurch of Scotlandl I report on the accounl5 of the charity for the year ended 31 Decembef 2024 set out on pages 12 26. Respective responsiblllties of trustees and examinèr The charity'5 trustees are responsible for the preparation of the account5 in accordance wth the of the Charities and Trustee Investfflent Iscotlandl Act 2CQ5 and the Charities Account5 Iscotlandl Regulations 2006 las amended). rms The charity trustees consider that the audit requirement of Regulation 10111 lal io Ic l of the Ac Regulations does rbot apply. It is my responsibility to examine Ihe account5 as required under section 4411 Ilcl of the Act and to state whether particular matters have come to my attention. unts Basis ol independent examlner's statement My examination is carried out in accordance wth Regulation 11 of the Charities Accounts Iscotlanf l Regula lions 2006 las amended). An examination includes a review of the accounting rLYords kept by the harity and a comparison of the accounts presented with those records. It a150 includes consideration of a unusual ite￿$ or di5cIosufes in the account5, and seeks explanations from the trustees conceming any such mattels. The procedures undertaken do not provide all the evidence that would be requiÈd 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 rnaiter has come to my attention 1. which gives rne reasonable cause to believe that in any material respect the requirements.. a. to keep accounling records in accordance with Se(tion 4411 I lal of the 2￿5 Act and Regulatio of the 2006 Accowts Regulations las amended), and b. to prepare account5 which accord with the accounting records and comply with Regulation 8 0 2006 Accounts Regulations la5 amended) have noi been met, 01 to which, in my opinion, altention should be drawn in order to enable a proper understanding of the account5 to be reached. the Henderson & Company Chartered Accountants 73 Union Street Gieenock PA16 88G Date: Page11 GREENQCK: LYLE KIRK (CHURCH OF SCOTLAND} STATEMENT OF FINANCIAL ACTIVITIES For the yèar ended 31 December 2024. FurMJ5 Fun Trtal Funth Fund5 runds Note 1024 1024 2024 1024 1023 Z023 1023 zj Income and endowments from: Donation5 and legacies Chantable actiwties Oiher Trading activities Investments Other 108.6C 1.203 9.220 Z.79J 0 108.609 1.20J 18.820 2.793 .814 .672 5.541 1,589 18,Z71 99,814 1.672 17,541 1,589 18.271 8,887 12,C4X) Total Income 121.825 9,bCQ 131,425 126,887 Expendiiure on.. Raising funds Chaniable Activltie5 216 1Z7,243 216 7.197 114.440 7.197 ,656 105,Z65 4,366 109,631 Total expenditure 105,165 4,366 109,631 127,459 Net incomel iexpendlturei before gain5 and 105ses on inve5tment5 Net galnslllossesi on Investmenis Net incorneliexpenditurei Transfer between fund5 Net movement In funds 16,5￿) 53 16.613 5.234 Zi,794 3,665 3.745 .899 25.539 -571 .58 -630 4.803 3.473 8.276 ,231 3,523 ,754 27 27 16.613 27 8,899 5,539 .630 8.276 .754 Reconcillation ol fund5'. Total funds brought forward Total funds carried forward 140.614 16.773 3?1.4￿ 549.793 141.244 16.665 384.129 .614 .038 Page 12 GREEN(KK: LYLE KIRK (CHURCH OF SCOTLAND) BALANCE SHEET A5 at 31 December 2024. Total Funds 2024 Prlor Year 2023 Unrestrlcted Re5trlcteé Enth)wment Note Funds Funds Funds Fixed A55ets: Tangible Assets Investments 89.Crf)1 89,ciJl 1 89,(X)1 3(K),(Y>J 31K).000 , 3(J),¢ 3(K).C￿l 389,CKJI 389,(N)1 10 Total Flxed Assets 89,(￿1 Current Assets Debiors Cash at bank and In hand Investments Ex F. St. P. 8080 Units Church of Scotland Investor Trust Church of Scotland General Fund ChuTch of Scotland Fabric Fund 5,836 26,749 8￿ 48,955 6.636 8,985 83,689 83,342 8.815 8,735 51,550 1 47,106 43,976 27,856 2,068 1,965 16,8CQ 101,305 196,734 177,989 7.985 8,815 51,550 43.976 2,068 78,629 Total Current A55et5 Llabllltle5 Creditors falling due witbin one year Net Current Assets 10,403 10.403 11,977 68.226 16,8CQ 101.305 186,331 166,012 Credltors fallin8 due after more than one year 5,221 16,8CQ 101,305 186,331 160,791 68.226 Net Assets 157.227 16,8C¥) 401. 305 575,332 549,792 The fund5 of the charlty: Endowment funds Restricted income funds Unrestricted income funds 15 401,305 )92,405 16,8CQ 16,773 157.2Z7 40.614 Total charlty fund5 575,332 49,792 Page 13 GREENOCK: LYLE KIRK (CHURCH OF SCOTLAND) Statement of Cash Flows for the year ended 31 December 2024. Total Funds 2024 Total Funds 2023 Note Net cash generated in operating activltles 23,776 23,776 10986 10.986 Cash flows from Investlng actlvltles: Interest and dividends Purchase of fixed assets Proceed5 from sale of investments 2.793 1589 3,745 8,538 3,523 5.112 Cash flows from financing activitie5: Repayment of borrowings Net cash provided by financlng activities 10.519 10,519 3,870 3,870 Change in cash and cash equivalents in the year 19.795 12,228 Cash and cash equlvalents brought fO￿ard Cash and cash equlvalents carrled forward 170.303 158,075 190.098 170 303 Page 14 GREENOCK: LYLE KIRK (CHURCH OF SCOTLANDI ACCOUNTING POLICIES FOR THE YEAR TO 31 DECEMBER 2024. The principal accounting rx)ITcies. which have been applied consistently in the current and preceedinq year in dealing with iti¥ns which are considefed material to the Accounts, are set out below. Basls of preparation The financial statement5 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 Standard5 applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 Jtjly 2014. the Charities and Trustee Investment Iscotlandl Act 2￿5 and the Charities Accounts (Scotlandl Regulations 2LK% las amended). Fund accounting Funds are classified as either restricted funds. endowment f￿d$ or unrestricted funds. defined as follow5. Restricted funds are funds subject to specific requ?rements as to their use which may be declared by the donor or with their authority or create(J through legal pl￿esseS. but still within the wider objects of the charity. Endowment funds are funds which have been given on the condition that the original capital sum is not reduced. but the Income therefrom is used for the purpose define(l in accordance with the objects of the charity. Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted fund5 are earmarked at the discretion of the tfustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does noi legally restrict the IfUStee5' discretTori to apply the fur)d. Incoming resources Income is recognised when the charity ha5 entitlement to the funds, any performance conditions attached to the itemlsl of income have been met. it is probable that the income will be received and the amount can be measured relTably. Donated services and fac51ities Donated professional seNces and donated facTlities are recognised as IncC￿ne when the charity has control over the item. any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that econom?c benefit can be measured reliably. In accordance with the Charities SORP IFRS1021 the general volunteer time of congregation members 15 not re(ognised. On receipt, donated professional 5ervice5 and donated facilities are re(ognised on the basis of the alue of the gift to the charity which is the amount the charity would have been willing to pay to )btain services or facilities of equivalent e(onomic benefit on the open market,. a corresFM)nding amount is then recognised as expenditure in ihe period of receipt. Interest receivable nterest on funds held on deposit is included ￿en receivable and the amount can be measured -eliably by the charity,. thi5 15 nofTnally upon notification of the interest paid or payable by ihe Bank. Page 15 GREENOCK: LYLE KIRK (CHURCH OF SCOTLAND ACCOUNTING POLICIES FOR THE YEAR TO 3 1 DECEMBER 2024 {continuedl. Tanglble Flxed Assets The Chaflty hass the right to occupy the Manse at 333 Eldon Street, Greenock. The Title to Ihis property vests in The General Trustees. The Charity also owns a property at Raillies Aven￿, Lafgs, which 15 refiecied in the Balance Sheet at iis historical cost. This property is subjeci to a Standard Security in the sum of £4.C¥XI. In favwr ol who have the right to (Kcupy the property during their lifetime. Tli¢ Cila4 Ily d154• awwils Lhe Church and Halls in Union Sireet Greenock which it U5e5 for Charitable purposes. This property is included in the Accounls at a nominal value of £1. During the year, the charity disposed of Ihe Sanctuary and Halls at Newark Street GreenLKk aTrJ the net proceeds were deposited ￿th the General Trustees. These funds are reflected in the Appendix to the Accounts. Expenditure incurred on the repair and maintenance of [￿Se asset5 is charged as iesources expended in the statement of financial actTVities in the period in thich the liability arises. All tangible fixed a55etS Cosling in excess of É5.C(Q having a value to the charity greater than one year other than those acqulred for specific purwses, are capitalised. Depreciation is provided on a straight-line basis to write off the cost or initial value. le55 residual val￿. of tangible fixed assets over their estimated useful lives.. Fixtures. fittings and office equipment Organ 5 years 10 years Investments The Charlty owns six flats at 34 Soulh Street GreencKk. Under the terms of the Trust Deed governing these proFerties they cannot be sold for the benef7t of church fund5. The flat5 are included in the Accounts at open market value wlih vacant KW)ssession. legs a restriction where the flat is subject lo form of restricted tenancy. Other Fixed Asset Investments are slaled at market value at the balance sheet date. Unreali5ed gains and 105ses represeni Ihe difference betw￿ the market value at the beginning and end of the financial year or, if purchased in the year. the difference betwe￿ cost and arket value at the end ol the year. Realised gains and losse5 represent the difference betwew the proceeds on disposal and the rnarket value at the start of the year 01 cosl if purchased in ihe year. Taxatlon Lyle Kirk '. Greenock Ichurch ol Scollandl is rKognised as a charity for the wrposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities. The charity 15 not registered fof VAT and resources exrended iherefore include irrecoverable input VAT. Page 16 GREENOCK.. LYLE KIRK ICHURCH OF SCOTLAND NOTES FOFiMING PART OF THE FINA14CIAL STATEMENTS for the year ended 31 December 2024. Unr•5trlcted R•5trkt•d En¢b)M￿l Funds Z014 Total 2024 Fund5 Z023 Funds 202J Funds 2023 Total 1023 2024 2024 1 Donatlons 47nd le8acles Offer7ngs Tax recovered cn Gift Aid Legacies Other 80.639 17,232 8,935 1,803 108,609 24),639 17.232 8.935 1,803 108,f£ 81.858 16.787 81,858 16.787 1,169 .814 1,169 99,814 2 Income fr¢)m charltable actlvltle5 Weddings and funerals Coffee morfilngs etc. 550 653 550 653 872 1.672 872 1,672 3 Income from other tradln8 actlvltles Rent received 9,220 18.820 18.8 5.541 .541 12,C(tl 12.C(K) 17,541 4 Investment Incownt Dividends received Deposir inieresi 1,569 1.224 2,793 1.569 1,224 2,793 1.538 51 1.589 1.538 51 1,589 5 Other Income Day of Glvlnl Receipts Iri)m General Trustees 6,299 6,299 11.972 18,271 11.972 18,2 P￿e 17 GREENOCK: LYLE KIRK (CHURCH OF SCOTLANDI NOTES FORMING PART OF THE FINANCIAL STATEME14TS for the year ended 31 December 2024. Unf•strlct•d Restrlrt•d Endowment Funds Funds funds 1014 2024 1024 Unr•5trlcteé Restrlct•d Endtrwment Fund5 Funits nd5 2023 1023 Total 2024 Total 2023 2023 6 Analysis of expendiluro Raising Funds Offering envelopes 216 216 216 216 Charltable Activities Giving lo Grow Allocation Presbytery Dues Minister's Expenses Pulpit Supply Olhef Salary Costs Fabric Repair & Maintenance Council Tax Heal & Light Insurance Church Office Expenses Organist Fees Loan Interest Miscellaneous Expenses Depreciation 58,596 990 2,618 100 6,280 7.270 3.480 9.761 8029 1472 3630 58.596 990 2,618 100 6,280 7,270 3,480 9,761 8,029 1,472 3,630 105 7.300 58,227 1,492 1,457 100 6.238 21.915 3.260 9.841 14.456 2.226 3.560 58,227 1,492 1.457 100 6238 21.915 3.260 9.841 14 456 2.226 3,560 718 8.782 2,168 4440 105 4,261 718 6,479 3,039 2,303 2,168 127 243 105. 65 109.631 7.197 Support Costs have nol been separately 1denlilied as the Iru51ees consider there Is only one ¢harilable activity Therefore support costs relate wholly lo that ac11vIty and have not been Separately defined Included In Miscellaneous Expenses Is The Independent Examinerfs fee amounting lo £90012023 £9001 Page 18 GREENOCK: LYLE KIRK (CHURCH OF SCOTLAND) WOTES FORMING PART OF THE FINANCIAL STATEMENTS for the year ended 31 December 2024. 2024 2023 7 Staff Costs and numbw5 Salanes and wages Social security C05t5 Total 6,280 5.907 6.280 5.907 The average number of txnployee5 durin8 the year was as follows: 2024 Number 2023 Number Administration Mu51C Staff Premises Ma?ntenance No employee had employee b￿e11t5 in excess of £60,IKMJ 12023 - NLy￿) All Church of Scotiat)d congregation5 contritwte to the National St1p￿d FurMI which bears the costs all ministers stipend5 and e*nployers contritxjtions for national insurance, ttnsicm and housing and loan fund. Ministers. sripends are paid In accordance with the national sttpend scale, which is relatpd to year5 of Service. For the year under review the minimum stipend wa5 £32,433 12023-£30,1351 and #)e maximum stlpend (Sn the fifth and subsequent years) was £39,856 12023.137.0321. 8 Trustee Remuneratl¢)n and Related Party Transactions Diiring the year i iru5tee received reifflbursement of expenses irKurred totaltng £2.618. In addition. eceived 13,420 for his services as Organist during the year. During the year a lotal of [30.C￿ 12023 £30.rxKIi was th)nated to the congreyation by trustee5. Page 19 GREENOCK: LYLE KIRK {CHURCH OF SCOTLANDI NOTES FORMING PART OF THE FINANCIAL STATEMENTS for the year ended 31 Decefnber 2024. 9 Tangible Fixed Assets Buildings Organ Total Cost At 1 January 2024 Additions Disposa15 89,001 45.239 134.240 At 31 December 2024 89,001 45,239 134,240 Accumulated Depredatlon At l January 2024 Charge for year Eliminated on Disposals At 31 December 2024 45,239 45,239 45,239 45,239 Net Book Value At 31 December 2024 89,001 89,￿1 At 31 December 2023 89,Crf)1 89,(￿1 10 Investments 2024 2023 Market Value at 31 December 2023 Unrealised GainllLossl on investments Market Value at 31 December 2024 300,CTr) 3(o,coo 300,m) 300,1))O The following investments are held: 6 Flats at 34 South Street Greenock 3C(),000 3￿1,000 11 Debtors 2024 2023 Gift Aid Tax Refund Due Other 5.621 1,015 5.538 3,447 6,636 8,985 Page 20 GREENOCK.. L YLE KIRK (CHURCH OF SCOTLAND) WOTES FORMING PART OF THE FINANCIAL STATEMENTS for the year ended 3 1 December 2024. 12 Credltors 2024 2023 6.402 3.4h Secured Loan . Bank Loan . Due wthin one year 10.402 11.9 13 Analy51s of Net Assets Between Funds lthrt%trl(ted DesI￿ated Restricted Endo*Tr•nt Toul Fixed Assets Investments Current A%sets Current Liabilitie5 Amounts due outwth one year Het Assets at 31 December 2024 89.1￿7 89, 3(M),(KKI 3W,CX 101.305 196,73 -10.40Y 42,542 .10.403 36,087 16,8CX) 121,140 36.087 16,800 401,305 575, 332 14 Volunteers In common ￿th all corrf4regatiOn5 of the Church of Scotand the C￿regai10n benefits from the contribut made by volunteer5 who give their time and talents willingly for the benefit of the Church. The areas of I congregational life ¥vhich rely on ihe contribution of volunteer5 are marry and varied arKI much of the adivity would be iinable to continue were it r￿t for the commitment shown. ons 15 Mo¥ements In Funds At1Jan 1024 Incafflini in8 AtJ1 Dec. 2024 Endowment Fund5 Edward Kerr Trust Bequests Fund Dan Hendry Legacy Miss Catherine Mclnnes Rev Kenneih McLean CaptaTn Orr Mr John Paterson Mis5 Maggie Rankin Mr David C Smith Mrs Jessie Taylor Unidentified Uplift to Market Value Dan ktendry Legacy Sunday SchTr)I McKirdy Fund 339,942 4.366 345.171 1,64 1,128 97 94 1.128 97 576 576 422 79 42,608 1.119 688 392,405 422 19 46.274 3.666 688 401.305 13,266 4,366 Page21 GREENOCK: LYLE KIRK {CHURCH OF SCOTLAND) F40TES FORAING PART OF THE FINANCIAL STATEMENTS for the year ended 3 1 December 2024. 15 Movements In Fund5 {contd.I AtlJan Incomlni Resource5 Oui8olnq Resourcès At J1 20Z4 Transfers 20Z4 Restrlcted Funds Session Fund Session Charity Fund The Sunday School M R Haynes Memorial Fund Morris Window Fund Helen Baiid Poor of the Parish Flower Fund Benevolent Fund Rankin Pulpit Fund Parerson Bequest The Flower Fund 3.818 315 150 3.81 31¥ 15b 92 91 20 924 668 2,269 6CQ 473 16,773 924 67$ 2,281 20 47 16,8 27 AtlJ•n Ineamlni R•sourr•5 Oui8olni Resources At JI D•c 2024 Trinsf•rs 2024 Unrestrlcted Funds Congregational Account General Rt%erve Legacy Income Fund Fabric Fund IOesi8nated I 121,825 105.212 16,61 93,2 93.2CQ 11.327 36,087 140,614 36.08Y 157,22 121,825 105.212 Total Funds 549,792 135.118 109,578 575,33 Pur 0se5 of Endowrnent Funds The Bequests Fund comprises a number of Small bequests, the capital of which cannot be expended and the inieresi of which is distributed to the Session Fund, the Sunday School and the Congregational Account. The Bequests included in this Fund are those from Miss Downie. Miss Wood, F. H. Buckridge, Mrs.J.W. Mitchell. R.S. Murray & Mclvor, T.0. Hunter and the Lyle Bequest. Under the terms of the late Daniel Hendrys Settlemenis, the capital cannot be expended for any purpose. While the interest proceeds can be utilised at the dlscretion of the Kirk Session, the use is restricted, especially in the case of the Sunday School Account. The Capital of each legacy amount5 to El.(￿ and thls has now been transferred Into Ihe Klrk Session bank. Page 22 GREENOCK: LYLE KIRK ICHURCH OF SCOTLANDI OTES FORAING PART OF THE FINANCIAL STATEMENTS for the year ended 31 December 2024. 15 Movements In Fund5 Icontd.} Pur oses of Endowment Funds Contd. The McKirdy Fund was Set up in 1942 with an endowment of E2¢J), which cannot be disbursed. The Inconle from this endowment is to be distributed to members or adherents of the Church or residents or natives of tht Parish. Under the terms of the Edward Kerr Trust, the expenditure 15 restricted to Mission Work within the parish and is severely vetted. The Trust Funds cannot be utilised for general Church running expenses nor can the main asset, the tenement property at 34 South Street be sold for the benefit of Church Funds. The Trust is under the control of the Edward Kerr Trust Trustees who cornprise, the minister, the Kirk Se55ion Treasurer and the Session Clerk who are accountable to the Kirk Session. The Income from the Catherine Mclnnes and John Paterson funds is applied towards the Ministries and Mission allocation The Incorne from the Rev. Kenneth Mclean, Captain Orr and Maggie Rankin Funds is donated for the benfTt of the sick and needy. The Income from the Jessie Taylor Fund is applied. one half towards Ministry & Mission, one quarter to the National Bible Society and one quarter to the General Fund of the Congregation. The Income of the Unidentified Fund is applied to the Morris Window Fund. Pur ose5 of Restrlcted Funds The Session Fund and Session Charity Fund are under the control of the Kirk Session. The former is used expenditure at the discretion of the Session. the latter being used by Session to donate to other Christia Charities o fund The Mary Ruby Haynes Fund is used towards the upkeep of the Church Bells. The Sunday School Funds are used to fund costs associated with the running of the Sunday School for children up to 12 years of age The Flower Funds are used to purchase flowers for the church and to fund the subsequent distribution o these flowers to members each Sunday. The Morri5 Window Fund is to be used towards the care and upkeep of the Stained glass window5. The Helen Baird Fund is used towards the cost of purchasing Large Print Hymn Books. Page 23 GREENOCK: LYLE KIRK {CHURCH OF SCOTLANDI NOTES FORMING PART OF THE FINANCIAL STATEMENTS for the year ended 3 1 December 2024. 15 Moyements Tn Funds Icont