CHARITY REGISTRATION NUMBER: SC011368 CONGREGATION NUMBER 130718 St Nicholas Parish Church, Lanark (Church of Scotland) Unaudited Financial Statements For the year ended 31 December 2024 I.A.STEWART & CO Chartered Accountants The Mechanlcs Workshop New Lanark ML119DB
St Nicholas Parish Church, Lanark (Church of Scotland) Flnancial Statemants Year ended 31 December 2024 Page Trustees, annual report Independent examinels report to the trustees Statement of financial activities Statement of financial position Noles to the financial ststements 10
st Nicholas Parish Church, Lanark (Church of Scotland) Trustees, Annual Report Year ended 31 December 2024 The trustees present ther report and the unaudited finanryal statements of the charity for the year ended 31 December 2024. Reference and admlnistrativo details Registered oharity name St Nicholas Parish Church, LanaTk {Church of Scoland) Charity rngistration nurnbor SC011368 PrlnGipal offiGg Banko15 Royal Bank of Scoland 88 High Street Lanark ML117Er Independent oxamlnor em nslilute of Charter9d Accountants of Scotland l A Stewart & Co The Mechanics Workshop New Lanark ML11 9DB
St Nicholas Parish Church, Lanark (Church of Scotland) Trustees. Annual Report (wnfinuedj Year ended 31 December 2024 Structurè, governance and management Govoming document Since 2011 the Congregation has adopted a unitary constitution. Accordlngly the Kirk Session has the responsibilty for the spiritual and temporal mallers of the Congregation. The Kirk Sossion meets 6 times a year and is moderated by the minister. The work of the Sesslon is split into sev8ral working groups which report back to the Session. These are Resources, Fo15owship, Community and Our Worfd and Nurture and Praise. Recruitment and Appointmgnt of Trustggs Members of the Kirk Session are the Gharity tnjstees. The Klrk Session members are Ihe elders of the Church and are chosen from those mefflbers of the Church who are consid8red to have th8 appropriate gifts and skills. The minister, who is a member of the Kirk Session, is elected by the congregation and inducted by the Presbytery. Organlsatlonal Stru¢turg The Kirk Session meets six limes a year and Is moderaled by the minister. Certain r88pon8Sbllltle8 are delegaled to the Resources GTOUP as appropriate. Objectivgs and activitiès The Church of Scotland IÈ Trinitarian In doctrine. Reformod in Iradilion and Presbyterian in polity. It exists to glorrfy God to work for the advancement of Christ's Kingdom throughout the world. As a national church, il acknowledges a distinctive call ané duty to bring the ordinances of religion to the people in every parish of Scotland thToughoul a territorial ministry. It cooperates with other churches in various ecumenical bodies in Scotland and beyond. The vision and mission of St Nlcholas Is lo follow Christ's example, to be a carlng Church, c8nlral lo the life of the communlty and thus act as beacon of everything that the Gongregallon does. Usually worship takes place In St Nlcholas every Sunday al 10.30 am and Wednesdays al 10.15arn. The sacrament of Holy Communlon Is celebrated 4 times a year in March, June. September and December and 2t other special occaslons throughout the year. A wide range of worship styles can be experienced throughout the year Includlng advenvchrislmas reflective, holy week, as well as joint ecumenical services Mqth other denominations within the town. 2024 has been a posilive year for Sl Nichdas as we have continued lo rebulld relationships and strengthen links within the Community. continuing lo be a church at the heart of the community. Our community has continued to Ilourish as we continue on our mission lo be a caring church at the centre of the community. We aim to sland wth people in the joys and sorrows of life and proclaim the gospel of Jesus Christ. In 2024 we continued to play a huge part in our community while celebrallng our 250th annlversary, enjoying a congregational lunoh al Lanark goll club alongside a floral exhibition displaying festivals and celebrations throughout the Christian ye2r as well as showing St Nicholas throughout the year.
St Nicholas Parish Church, Lanark (Church of Scotland) Trustees. Annual Report (Gontlnu8d) Year ended 31 December 2024 Objèctive8 and actlvltle8 (conNnued) rom GreyfrLqrs Parish Church have also been heavily invofved with chaplaincy work at Lanark Grammar school, leading assemblies, class work and helping pupils and staff navigate bereavements wilhln the school family. As well as focusing on the needs of our community, Sl Nicholas is also passionate about reaching out to others across the wortd. Our Kirt( Session sponsor a young boy in Soulh America through th& Compassion initiatwe, having already helped another boy complate h1$ education in AfriGa. In 2012 2 need was recognised for helping IhosÈ who Teached a polnl of feellng that life was no longer worth Ilvlng. In response lo this need, Hèar For You was sel up. The pmjecl offers one-lo-one, fac&lo-face Gounselling for (hose who are conlgmplating suicide or are aftecled by suicide. Although Hear For You is now an independent charity, It is c5osely Ilnk8d wllh Sl NhOlaS Parish Church who raise awareness and help fundraise. The Kirk Session has also agmd to continue to match fund the project with the 'Go For It, fund from the Church of Scotland. Achlevemants and perfomiance OurJoumey in Worship Worship wllhin Sl Nicholas has blossomed once again followng life relurning to normal once again. Being ablo to celgbrale all holy foslivals together as a church family wthoul rastriclions has allowed new relationships lo build and f8llow8hip to be strength8ned. Communicatlons The church office provides a hub of hard work and information, through the church secretary. Keeping th& congregation aware of dlSIonS and planning is a necessary endeavour. and many leaflets and the church magazine are edited, printed and collated by a willing and able team, and then distributed by the elders. Thanks are given to everyone involvad. People and Groups The fellowship group conts'nued the monthly walking group on Sunday 8ftemoon3. A GhanGe for people to benefit from walking in the fresh alr and enjoy fellowship. They have organised 30cial and fundraising activities. In 2024 we have cr8aled a strong Ilnk with the charity Scot baby box appeal who send baby boxes 2nd other aid out lo Ukralne lo provide aid durlng the ongoing conflict w(fh Russia. This has strengthened links with schools, nursery and the wider communlly who have been hugely generous in their response lo loong to help a war-torn county. The Church roll al the end of 2024 stood at 387 members The ministgr has conducted 2 weddings and 89 funerals in 2024
St Nlcholas Parish Church, Lanark (Church of Scotland) Trusteos. Annual Roport l¢ontinued) Year ended 31 December 2024 Achlgvgmonts and porformance {conrfnu•rfJ Thg Communlty St Nicholas has been the initiator of the Heal For You Group, which reaches out and supports prevention of suicide and those affected by SLJicide. Thls has seen an increase in calls as we emerged from the Covid pandemic, with many people struggllng with mental health and the wst of living crisls which appears still lo be ongoing. Thls year also Saw th8 return of our community bereavement gmup 'Gmd to Talk. which offo15 a Spa for those in the town and local area who are struggling with grief and loss and a safe spac8 to Share experienc8S. Other Churches In 2024 we worked alongsld& other churches in town on civic events such as Remembrance Sunday, Wodd Day of Prayer and Lanark Lanlmer klrkin service. We are also strengthening links with Carstairs, Carnwalh and Forth St Pauls with whom we are looking to enter Into a parish grouping in the midst of the onIng Presbytery plan. Thanks Thank you to the many office-bearers who play such an importaNI role in the life of Sl NhOlaS. There are. of course, loo many to mention, bul thanks go to many groups within the Church who all have jobs lo do and carry them out wilhoul complainlng.. the conveners of the groups, and all who contributè important ways lo the continuing lrfe and wSlness of St Nicholas. We are grateful to r continuing his role as session Glerk. Flnancial vIeW The pncIpal sources of income continue to be offerings, in the form of WFO Scheme (Non Gtft Aid), Glfl Ald, Ordinary Offerlngs (Open Platel, and Tax Recovered on Grft Aid. From 2023 to 2024 th8se offerings reduced by £7,189 10 £83.654 {2023: £90,843) Total income for 2024 was £129,525 (2023.. £136,034), an decrease of £6,509 on 2023, bul noting that In 2023 there was a single signifunt donation which boosted that year's total. Total expenditure increased from £137,722 in 2023 to £157,625 In 2024. Costs conllnue to be monitored closety, including t significant fabrlc repairs and malnlenance in the year. The resuwing deficit for the year, prior lo the net increase In Inves11119111 value, was £28,10012023'. £1,688). Investments recorded an increase in value of £6,015, this follows an increase In value of £7,910 in 2023. The overall deflctt for the year w88 £22,085 compared wlth a net surplus of £6,22212St year.
St Nlcholas Parish Church, Lanark (Church of Scotland) Trustees. Annual Report {n1¢d) Year ended 31 December 2024 Re80rve8 poIi¢y The charlty trustèes have considered the reserves required and have taken into acwunl their current and future Ilabllllies. 11 is the Irusle85' policy to hold reserves (including designated funds) of al least approximately six months eXpenuré. Al the year end the Church held unreslricted cash funds of £49,58112023.. £77,653) of whl¢h £31,20212023.' £67.3651 had been designated as shown in note 22. The unrestricted fund balance represents about four month8 expenditure. This is lower than would normally b& expected, and the Iwslees will continue their efforts to keep expenditLJre to a minimum. whilst considering their optlons for ndraising aGtivilies. Tha Church also h8ld £175,123 (2023: £169,108) of endowment funds and £1.321 12023.. £1,349> of restrlcted funds which have been provided for the purposes 8pe¢lfied in note 22. Investment policy and perforniance The Irusteas invest surplus funds in various Church of Scotl&nd funds. These are seen as relatively risk free investments within the control of the ChurGh that provlde some relum lo the charity. Rlsk managemènt Whilst there are no immediate risks, longer term the risks are'.- a) Ihe lack of young members resulting in an ageing conQallOn, bl t resullanl loss of Income to support our activities as numbers reduce, and cl the move of the Church to the periphery of Community lrfe. Our Kirk Session will use our exlsling volunteer r690urces lo help develop goals and objeGtives lo address those risks. Plans for future pgrlods The year coming will be another challenging one for us as we continue to navigate our way through these difficult times and support our church and community, always remembering that we alm lo follow Christ's example lo be a caring Church central lo the life of Lanark. The Kirk Sesslon gratefully appreciates all the work carried out by evéryone in our Church family through another drffiGuII year. We recognise that each p8rson brings with them a wealth of gifts and talents which advance the ChurGh and ullmalety God's Kingdom In our eommunity. The Kirk S885ion appreciates the commitment and vision that has brought in the last year. Her enthusiasm and leadership have allowed the Church to ftourish and we look forward to worlung together in 2025. The mlnlster Is also grateful to the Kirk Session members for all their hard work and dedication over the pastyear. ppr8ciales the 8UPPOrt and encouragement she is given by Ihe Kirk Session.
St Nicholas Parish Church. Lanark (Church of Scotland) Trustees. Annual Report (wiunued) Year ended 31 December 2024 Responsibilities of the Truslees The tru81e88 are responsible for preparing th8 TnJste85 Annual R8POrt and the financial ststements In accordance wlh applicable law and uned Kingdorn Accounting Standards (Unlted KltYJdom Generally Accepted Accounting Practice). The law applicable lo charities in Scouand requir6s the trustees lo prepare financial stalemenls for each financial year which givo a true and fair view of the stale of affairs of the Gharity and of the incoming resources of the charity for that period. In preparing these financial statemenls, the trustees ar& required lo: select suitable accounting Folicies and then appty them consislenlty,. observe the methods and principles of the Charities SORP., make judgements and estimates that are reasonable and prudent. stalo whether appllcable accounllng standards have been followed, subl8Ct lo any materlal departures disclose(l and eXplainj In the financlal statements,. prepare the financlal slalemenls on the going concern basil unle5S It is inappropriate to presume that the charity will conlinue in operation. The trustees are responsible for keeping proper accounts'ng records that disclose with reasonable accuracy at any time the financial position of charity and enable them lo ensure that the financlal slalements comply with the Charities and Trustee Investment (Scollandl Acl 2005 and the Charilles Accounts {Scotland) Regulations 2006. The trustees are also responsible for safeguarding the assets of the charity and henca for taking reaSonae steps for prevention and deleGtion of fraud and other irregularitiès. The trustees, annual report was approved on 30 March 2025 and signed on behalf of the board of trustees by.. Tru5te8
St Nicholas Parish Church, Lanark (Church of Scotland) Independent Examinerfs Report to the Trustees of St Nicholas Parish Church, Lanark {ChuTch of Scotland) Year ended 31 December 2024 I report to the truslges on my examination of the financial statements of Sl Nichdas Parish Church, Lanark (Church of Scodand) {Ihe charity'l for the year ended 31 December 2024. Responsibilitios and basls of roport The charity's Iruslees are responsible for the preparation of the accounts in accordance with the terms of the Charilies and Trustee Investrnenl {ScoUand) Act 2005 and the Charities Accounts (Scollandl Regulations 2006. The charity Iruslees Consider that the audit requirement of Regulalion 10(11{al lo lo) of the 2006 Acwunls Regu181ions does not apply. 11 is my responsibility to examine the accounts as required under seGtion 4411 }IGI of the Act and lo stale whether particular mallers have Gome to my attention. To the fijllesl extent permilled by law, I do not accept or assume responsibility lo anyone other than the Gharity and the charivs members as a body, for my worl for this report, or for the opinions I have formed. Independent examinerfs s¢al•mont Since the ¢harity has pwpared its acthunts on an accruals basis your examiner musl be a member of a body listed in Regvlatign 1112) of the Charities Accwnls {&oland) R&gulalion$ 2006 (a$ amended). I can confimi that l am quglffied to undertake the examination bo$¢ l am a regIsld momber of ICAS whi¢h Is one of tho listed bodies. I have completed my examlnallon. I confim) that no matters hav@ com8 to my altenllon glvlng me cause lo belleve that In any malerlal respeol.. accounting records were not kept as required by section 44{1lla) of the 2005 Act and Regulation 4 of the Charities Accounts (Scoand) RegulatK)ns 2008 (as amended)., or the financial statements do not accord with those records.. or the flnandal statements do wl comply wmh Ihe accounling requirements of Regulallgn 8 of the Charitie$ A¢counts {Scotlanél Regulallons 2006 las amended). I have no concerns and have come across no olhor matters in conneotion with &xamlnallon to which attention should ba drawn in this report in tsrder lo enable a propor undèrstanding of the accounts to b8 r8ach8d. Member of the Institute of Chartered Accountants of Scotland Independent Examiner l A Stewart & Co The MechaniGS Workshop New Lanark ML119DB Date: 31 March 2025
St Nicholas Parish Church, Lanark {Church of Scotland) Statement of Financial Activities Year onded 31 December 2024 2024 Restricted Endowment funds funds Total funds Total funds 2023 Unrestricted funds Note Income and endowrngnts Donations and legacies Charitable activities other trading aotivilies Investment income other income 82,621 2,452 33,994 7,923 1,502 1.033 83,654 2A52 33,994 7,923 1,502 90.843 3.089 33.793 6,791 1,518 Total Income 128,492 1,033 129.525 136,034 Expendlture Expenditure on raislng funds- Costs of raising donations and legacies Expenditure on charltable activities other expenditure Total expendlture 223 223 288 10,11 12 156,341 1,061 157,402 137,247 187 156,5fA 1,061 157,625 137,722 Net gains on investments 13 6.015 6,015 7,910 Ngt (expendlturelllncoma and net movement In funds 128,0721 128) 6,015 {22,085) 6,222 Rgconciliation of funds Total funds brought forward Total funds oarriod forward 77,653 49,581 1,349 1,321 169,108 248.110 241,888 248,110 175,123 226,025 The statement of financial a¢livitles includes all gains and losses recognked In the year. Al income and expenditure derive from continuing aclivltles. Thè notès on pages 10 to 23 fomi part of th•s& financial statsmgnts.
St Nicholas Parish Church, Lanark (Church of Scotland) Statement of Financlal Position 31 December 2024 2024 2023 Fixed a880ts Tangible fixed asset5 Investments 17 18 4965 168,430 6,307 162.415 173,395 168,722 Current assets Debtors Cash al bank and In hand 19 19,fj42 37,249 56,891 20,475 67,202 87,677 Creditors: amounts falling due within ong year Net current as80ts 4,261 8.289 52,630 226,025 226,025 79.388 Total assets le currgnt liabilities 248,110 248,110 Net as8ot$ Funds ofthe charity Endowment funds Restricted funds Unr8strIed funds 175,123 1,321 49,581 169.108 1,349 77.653 Total charity funds 226,025 248,110 These financial statements were approved by the boar(l of trustees and aulhorised for issue on 30 March 2025, and are signed on behalf of the board by.. Th• nota8 tyi pag•8 10 to 23 form part of thas• flnanclal statèm8nts.
st Nicholas Parish Church, Lanark {Church of Scotland) Notes to the Flnanclal Statements Year ended 31 December 2024 General inforniation The charlty ig a publlc ben8fit entity The address of tho prlnclp21 office Is Stat9ment of compllanc• These financial statements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland IFRS 102} Icharilios SORP (FRS 10211 and the Charities and Trustee Investment {ScoUand) Act 2D05 and the Charity Accounts {Scollandl Regulation5 2006 (as amended). Aocounting policies Basls of prèparatlon The financial statèments have been prepared on th6 historlcal cost basis, ag modffled by the revaluation of certain financlal assets measured al fair value through income or expenditure. The financial statements are prepared in sterling. which is the fundional currency of the entty. Golng concern There are no material uncerlainlies about the charills ability to continue. Taxatlon St Nichol85 Parish Church is recognised as a charity for the purpose5 of applicable laxalion legislation and Is therefore not subject to laxalion on ils charitable activities. The charity is not registered for VAT and expondilure therefore includes irrecover3ble input VAT. Judgements and key sources of estimation uncertainty The pparatIon of the financlal slalemenls requires the Iruslees lo make judgements, estimates and assumption$ that affect the amounts rewrted. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are b8lieved lo be reasonable under the circumstanGes. Accounting estimates and assumptn$ are made concerning thg fiJlur• and, by their nature, will rarely equal the related actual outcome. There are no judgenents or e5titnales expected lo have a significant risk of Causing a Tnaterial adjustment lo the carrying arnounts of asse15 and liabilities within the next financial year. io
St Nlcholas Parish Church, Lanark (Church of Scotland) Notes to the Financlal Statements (nerf) Year ended 31 December 2024 Accounting polici8s (contlnued) Fund accountlng Funds are Glassrfied as elther restricted funds or unroslricled funds, defined as follows. Restricted funds are funds subject lo specific requirements a8 to their use which may be dee12red by the donor or with their authority or created through legal processes, bul still within the wider objects of the charlty. Endowment funds are funds which have been given on the Gondilion that the original capital sum is not reduced, bul the Income therefrom is used for the purpose defined in accordance with the oblecls of the charity. Unrestrictecl funds are expendable al the discretion of the trustees in furtheranoe of the objects of the charity. If parts of the unreslricled funds are èarmarked al the discretion of the trustees for a Particular purpose, they are designated as a separate fund. This designation has an adminislr81ive purpose only and does not legally restrict the tnjstees, discretion to apply the fund. Income All income is included in the statement of financial 8clivilies when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measur8d. The following specrfic policies are applied lo particular categories of income.. Income from donations or grants is recognised when there is evidence of entidement to the 9rf1, receipt is probablg and ils amount can be measured reliably. tegacy income is recognised when receipt is probable and entillemenl is established. income from donated goods is measured at the fair value of the good5 unless this Is impractical to measure reliably, in which case the value is derived from the cost lo the donor or the eslimaled resale value. Donated facilities and services are recognised in the accounts when received if thg value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recogni5ed with the delivery of th8 contractgd servi. This is cl2ssrfied as unrestricled funds unless there is a contractual requirement for il lo be spent on a parllc(Jlar purpose and retUTned rf unspent, in which case il may be regarded as restricted. Expendlture Expenditure is recognised on an accruals basis as a liability is incurred. Expendittjre includes any VAT which cannot be fully recovored, and is dassrfied under h8adings of the statement of financial activities lo which il relates- expenditure on raising funds includes Ihe costs of all fundraising aclivitl8s, events, non-charltable trading activities, and the Sale of donated goods. expenditure on charitable activities indudes all Gosts incurred by a charity in undertaking activities that further its charitable aims for the benefit of ils beneficiaries, including those support costs and ¢osl$ relallng to the governance of the charity apportioned to charitable aclivilies. 11
St Nicholas Parish Church, Lanark (Church of Scotland) Notes to the Financial Statements (conrfnu8d) Year ended 31 Decgmber 2024 Accountlng pollcle8 (GI)ntine) Expendtture (¢ontlnuod) other expenditure includes all expenditure that is neither related to ralslng funds for the charity nor parl of its expenditure on charitable aclivilies. Oporatlng leasos Lease payments are recognised as an expense over the lease term on a straighl-line basis. The aggrogale benefit of lease inntiVeS is recognised as a reduction to expense over the lease temi, on a straighl-line basi5. Tangible a53ets Tangible assets are initially re¢orded al cost, and subsequenuy ststed al cost less any aGGumulale¢J depreciation and impairment losses. The oharity has the right to occupy and use for ils charitable oblects certain tangible fixed assets, including the Church. halls and manse, vested In the Church of Scotland General Truslees. No considerallon 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 fillancial activities In the period In whlch the liability arlses. Depro¢latlon Depreciation is calculated so as to write off the cost or valuation of an assel, less Its resldual value, over the useful economic life of that asset as follows.. Flxlures and fittlngs Equipment 20Qh reducing balance 20Q/o lo 33Yo Reducing balance Inv8Stments Unlisted equity investments are initially recorded al cost, and subsequently measured al falr value. If fair value cannot be reliably measured, assets aro measured at cost less imp2irmenL Listed investments are measured at fair value with changes in fair value being recognised in inwrne or expenditure. Impaimient of flxed assets A review for Indlcalors of impalrmenl Is carried out at each reporting date, with the recoverable amount being esllmat8d where such Indlcalors exist. Vvhere the carrying value exceeds the r6<x)v8rable amount, the ass81 Is Impaired accordingly. Prior impairments are also reviewed for possible reversal at each r&porting date. 12
st Nicholas Parish Church, Lanark (Church of Scotland) Notes to the Flnanclal Statements Year ended 31 Decembor 2024 Accounting poliGies (¢ondnuodJ Flnanclal Instrumènts A financial asset or a financial liability is recognis8d only wh8n the entity becomes a paty lo the contractual provislons of the instrument. Basic financial instruments are initially recognised al the amount receivable or payable induding any related transaction costs, unless the arrangement constitutes ? financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other considerallon expected lo be paid or received and not discounted. Debt instruments are subsequenuy measured at amortised cost. Where investments in shares or preferencè shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured al fair value with Ghanges in fair value recognised in income and expenditure. All other such investments are subsequendy measured al cost less impairment. Financial assets and inveslmenl$ that are measured at C051 or amortised cost are reviewed for objective evidence of impairment at the end of each reporting dale. If there is objective eviden of impairment, an impairment loss is recognised under the appropriate heading in the slalement of financial aclivilies in which the initial gain was reco9nised. Deflned ¢ontribution penslon plans Contributions to defined contribution penslon plans are recognised as an expense in the period in which the related service is provided. Donations and18gacie8 Unrestricted Funds Restricted Total Fund8 Funds 2024 Donatlons WFO Scheme (non gtft aid) Gift Aid Ordlnary offerings (open plate) Tax recovered on grft aid Charities Aid Foundation Donations Flower donations 1,838 52,479 9,496 14,208 522 3,151 1.838 52,479 9,496 14.208 522 3,151 1,033 1,033 Grants Grants receivable 927 927 82.621 1,033 83,654 13
St Nicholas Parlsh Church. Lanark (Church of Scotland) Notes to the Flnancial Statements Year ended 31 Docombgr 2024 Donations and legacles (eontlnu Unrestricted Funds Restricted Total Funds Funds 2023 Donatlons WFO Scheme (non gift aid) Glft Ald Ordlnary offerings (open plate) Tax recovered on glft aid Charilles Ald Foundation Donallons Flower donations 2,264 53.251 6.070 16,791 508 10,697 2.264 53.251 6.070 16,791 508 10,697 1,262 1,262 Grants Grants receable 89,581 1,262 90,843 Charltable actlvltles Unrestricted Total Funds Unrestricted Total FuS Funds 2024 Funds 2023 Weddings and funerals Choir income 1,715 737 1,715 737 2,550 539 2,550 539 2,452 2,452 3,089 3,089 Other trading actlvltles Unrestri¢ted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Use of premises Fundraising 8vents 30,594 3,400 33,994 30,594 3,400 33,994 28,819 4,974 28,819 4,974 33,793 33,793 Investment Income UnrestriGled Total Funds UnrestriGled Total Funds Funds 2024 Funds 2023 Bank interest other investment inwme 712 7,211 712 7.211 713 6,078 713 6,078 7,923 7,923 6,791 6,791 14
St Nicholas Parish Church, Lanark (Church of Scotland) Notes to the Financial Statements (contlntsed) Year ended 31 December 2024 Other income Unreslricled Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Share of Church of Scolland endowment income 1,502 1,502 1,518 1,518 Costs of ralslng donatlons and legaciès Unreslricled Total Funds Unrestricted Totsl Funds Funds 2024 Funds 2023 Fundraising cosls Offering Envolopes 91 132 153 135 153 135 132 223 223 288 288 10. Expendlture on Gharftablo actlvltles by fund typtt Unrestricted Funds Restrlcted Total Funds Funds 2024 Church activities Support costs 154,541 1,061 155,602 1,800 157,402 156,341 1,061 UnStriCted Funds Restricted Total Funds Funds 2023 Church activllies Support costs 134,472 1.095 135,567 1,680 136,152 1,095 137,247 15
St Nicholas Parish Church, Lanark (Church of Scotland) Notes to the Financial Statemgnts (¢onbnu¢d) Year ended 31 December 2024 11. Analysis of charitable gxpendlture Activities undertaken directly Support Total funds costs 2024 Total fund 2023 Church aclNilies Governance costs 155,602 155,602 1,800 135,567 1,680 1,800 155,602 1,800 157,402 137,247 2024 2023 Giving to Grow allocatlon Presbytery dues Pulpit supply staff costs (note 151 Fabric repairs and malntenan¢e Council lax Other buildings costs Church office expenses Operating leases Depreciation Legal and professional fees Organ, piano and music Flowers and Christmas d8coralions Church organisations and sundry Hear For You Bank charges 61,066 1.798 140 30.503 21,023 3,437 14,906 8,042 1,812 1,757 4949 3.160 1,062 1,295 63,308 1,907 28,813 6,129 3,344 15,663 7,000 1,710 2,290 1,078 1,321 1,051 1,357 87 511 652 155,602 135,567 Support costs have not been allocated as the Iwstees consider there is only ong ¢haritable aclivtty. 12. Other ¢xpendituro Unreslricled Total Funds Unrestricled Total Fund5 Funds 2024 Funds 2023 L05s on disposal of langlble fixed assets held for charity's own use 187 187 13. Net galns on Investments Endowment Total Funds Endowment Total Funds Funds 2024 Funds 2023 Gainsllosses on revaluation of investments 6.015 6,015 7,910 7,910 16
St Nicholas Parish Church, Lanark (Church of Scotland) Notes to the Financlal Statements (contlnuad) Year ended 31 December 2024 1 Net {expendltur8)lincome Net (expenditure}lincome is staled after chargin(creditig)'. 2024 2023 Deprgcialion of tangible fixed assets L05s on disposal of tangible fixed assets Operating lease rentals Independent examination fees Fees paid lo independent examiner for other Services 1,757 2,290 187 1,710 1,680 426 1,812 1,800 384 1S. Staff costs The total staff costs and employee benefits for the reporting period a analysed as follows: 2024 2023 Wages and salaries Employer contribullons to P9nslon plans other employee benefits 30,2S3 28,443 120 250 250 30,503 28,813 I Church of Scotland Gongregations contrlbute to the NalKsnal Stipend Fund which bears the Costs of all ministers, stipends and employerfs Contributions for nallonal insurance, pension and housing and loan fund. hlinislers, stipends are paKI in accordance wllh the national stipend scale, which is related lo years of service. For the year under review the tninimum stipend was £31,642 and the maximum Stipend (in the frfth and subsequent years) £38.884. Th8 av8rage head cosjnl of omployee8 during the year was 4 (2023.. 4). No employee recelved employee benefits of more than £60,000 durlrg the year {2023.' Nil}. 16. Trustge romuneration and expenses The key management personnel aro the princip office bearers and are Iruslees of the charity. Trustees received remuneration from the charity for perfomiing duties as50cialed with the church and not as trustees. eceived £7,332 as Church Secretary and member of the Kirk SessHJn, received an honorarium of £250 for his services as Tr8asur8r during the year. In addition costs of £3,437 (2023.. £3,344) for Council Tax 8nd £1,131 12023: £1,037) for telephone were paid for the rnanse. Durlng the year no trust88 received any expenses (2023: £nil)- 17
St Nicholas Parish Church, Lanark (Church of Scotland) Notes to the Flnancial Statements {¢ontinued) Year ended 31 December 2024 17. Tanglble fixed assgts Fixtures and fittings Equipment Total Cost Al 1 Jan 2024 Additions 1,686 39,168 415 40.854 415 At 31 Dec 2024 1,686 39,583 41,269 Depreclatlon Al 1 Jan 2024 Charge for the year At 31 Dec 2024 1.423 53 33,124 1,704 34,828 34,547 1,757 1,476 36,304 Carying amount At 31 Dec 2024 210 4,755 6,044 4,965 Al 31 Dec 2023 263 6,307 18. Investments Oth9r Invastmgnts Cost or valuation At 1 Jan 2024 Additions Fair value movements 162,415 6,015 168,430 At 31 DeG2024 Impalrnient At 1 Jan 2024 and 31 Dec 2024 Carrying amount At 31 Dec 2024 168,430 162,415 At 31 Dec 2023 All investments shown above are held at valuation. The following investments are held= Cost 2024 Cost 2023 Value 2024 Value 2023 Church of Scouand Inveslors Trust- Growth Fund General Purposes 6,170 uni18 Bequest 2,755 units Church of Scotland Investors Trust- Income Fund Bequest 14.970 units - Growth Fund Manse Fabric 200 units 16.823 10.001 16,823 10.001 39,364 17,577 35,971 16,062 99.849 99,849 110,213 109.216 100 100 1,276 1,166 Total 126,773 126,773 168.430 162,415 18
St Nicholas Parlsh Church. Lanark (Church of Scotland) Notes to the Financlal Statements (contlnimd) Yoar ended 31 December 2024 19. Dobtors 2024 2023 Prepayments and accrued income Grft Aid lax refund due Other debtors 2231 14208 3,203 19,642 2,086 16,792 1,597 20,475 20. Croditors: amounts falling due wlthln one year 2024 2023 Accruals Social securlty and other tsxes other creditors 2,963 7,451 356 1,298 4,261 8,289 21. Panslons and other post retirgmgnt bgnefits Defined contrlbutlon plang The amount recognised in income or exp9nditure a5 an expense In relation lo defined contribution plans was £Nil12023- £120). 22. Analys18 of charftable funds Unrestrlcted funds UnreStrted Funds include Designated Funds. The funds are listed below. At1Jan 2024 At 31 Dec 2024 InGom8 Expendlture Transfers General Fund Capital Revenue Fund Ministerial IT Equipment Fund Fundraising Fund Choir Fund Sunday Morning Club Fund Burns Supper fvnd 10,288 58,218 116,830 7,807 1155.738) 47.000 (43.0001 18.379 23,026 1,007 5,537 130 1.607 4547 132 3,101 737 (911 (7351 140001 1,212 661 17 1,229 661 77,653 128,492 (156,564) 49,581 19
st Nicholas Parish Church, Lanark (Church of Scotland) Notes to the Flnancial Statements (conllnu8dJ Year ended 31 D6cember 2024 22. Analysis of Gharitable funds (contlnu•dJ Unrestricted Funds include Designated Funds. The fvnds are listed below. A11Jan 2023 At 31 Dec 2023 Income Expenditure Transfers General Fund Capital Revenue Fund Ministerial Equipment Fund 20,723 51,517 122.090 6.701 {136,025) 3.500 10.288 58.218 1,607 1.607 Fundraising Fund Choir Fund Sunday Morning Club Fund 8urns Supper fund 3,656 147 5.427 539 {46) 1556) 13,5001 5.537 130 1,197 661 15 1,212 79,508 134.772 {136,627) 77,653 Excess fvnd6 raised Irom each of the Fundraising 8nd Choir funds have been transferred to General Funds. Purposgs of Unrestrlcled Funds General Fund.. The Trustees usè this fund for the day to day opera6on of the Charity. Capital Revenue Fund.. The Trustees have Set aside funds for small projgGls - mainly repairs to properlies that are funded out with the revenue account. Purposes of Deslgnated Funds Ministerial IT Equipment Fund.. The Trustees have set aslde funds for futu IT equipment for the Minister. Fundraisino Fund.. The Trustees have set aside the proceeds from fundraising events for the ongoing extemal restoration of the Church property. Choir Fund- The Trustees have set aside fvnd5 for use by the Cholr. Sunday Morning Club Fund.. The Trustees have set aside funds ft)r us8 by the Sunday Morning Club. Burns Supper Fund: Thls fund is used lo fund the Burns Supper for the community. 20
St Nicholas Parish Church, Lanark (Church of Scotland) Notes to the Financial Statements (conthiuerf) Year ended 31 December 2024 22. Analysis of charltable funds {conllnuedJ Restrictod funds At1Jan 2024 At 31 Dec 2024 Incomé Expondlturg Transfers Flower Fund Outreach Fund Christmas Lunch Fund 1,061 1,033 (1,061) 1,033 286 286 1,349 1,033 (1,061) 1.321 A11Jan 2023 Al 31 Dec 2023 Income Expenditure Transfers Flower Fund Outreach Fund Christmas Lunch Fund Micro grant 849 1,262 {1,0501 1,061 45 {45) (1,0951 1,182 1,262 1,349 Purposes of Restricted Funds Flower Fund.. This Is a fund to provide flowers for display durlng servlces of worshlp, and al other times such as Easter, Harvest and Christmas. Outreach Fund: This is a fund lo allow the Outreach Group to plan, promote and co-ordlnale acb'vilies related to helping those in need both in the community and abroad. Christmas Lunch Fund.. This fund Is used lo fvnd Christmas lunches for senlor citizens. Endowmgnt funds At1Jan 2024 Galns and {lossesl At 31 Doc 2024 Expendable endowments Growth fund.. General purposes Growih fund.. Bequest Income fund., Bequest Growth fund.. Fabric Cash Fund 35,971 16,002 109,216 1,166 6,693 169,108 3,393 1,S15 39,364 17,577 110,213 1,276 6,693 175,123 110 6,015 At1Jan 2023 Galns and {lossesl At 31 Dec 2023 Expendabl8 endowments Growth fund= General purposes Growth fund.. Bequest Incom8 fund.. Bequest Growth fund-. Fabrio Cash Fund 33,318 14,877 105,230 1,080 6,693 161,198 2,653 1,185 3,986 35,971 16,062 109,216 1,166 6,693 7,910 169,108 21
St Nicholas Parish Church, Lanark {Church of Scotland) Notes to the Flnancial Statements (cDnthv8dJ Year ended 31 Dacember 2024 22. Analysis of Ghaiitablg funds (conUnu8d) Endowment funds {GonllntMdJ Pun)oses of Endowment Funds Growth Fund . General Purposes: Income from the Growth Fund General Purposes is to be used for the day to day operation of the Charlty. Growth Fund '. Bequest.. Income from Ihe Growth Fund - Bequest 59 lo be used for the day lo day operation of the Ch8rily. Income Fund '. Bequest= Income from the Income Fund .. Bequest is to be used for the day to day operation of the Charity. Growth Fund '. Fabric.. Income from the Grh Fund .' Fabrfc is to b8 used for Ihe day to day operation of the Charity- Cash fund: This fund hold8 the proceeds from the Govemment Stocks Fund, the income from which was to be used for the day lo day operation of the Charity, the Mainlenan¢e of the Church, Church Hall and Manse properties, and the Minister's charitable donations. 23. Analysi8 of net assets betwoan funds Unrestricted Fund8 Restricted Endowment Total Funds Funds Funds 2024 Tangible red assets Investmen Current assets c110rS less than 1 year Nét assots 4.965 4,965 168,430 56,891 (4,2611 226.025 168.430 6.693 48.877 {4.261) 49,581 1,321 1,321 175,123 Unreslricled Funds Restred Endowment Total Funds Funds Funds 2023 Tangible fixed assets Investments Current assets Creditors less than 1 year assets 6.307 6,307 162,415 87,677 18,2891 248,110 162.415 6,693 79,635 18.2891 77,653 1,349 1,349 169,108 22-
St Nicholas Parlsh Church, Lanark (Church of Scotland) Notes to the Financlal Statements (COAtinued) Year ended 31 December 2024 24. Collectlons for thlrd partles 2024 2023 British Red Cross Tearfund 560 610 627 560 1,237 Th8 amounts collected for third parties were paid lo th8 relevant causes during the year. Note Collections for third parties never actually belong to the thurch, nor does the church have any say on how the funds are ultimately ulilised, 2nd so they are only listed as a note and nelther income nor the expenditure is inoluded in the main body of the atcounts. 25. Opgratlng lease commltmgnts The total future minimum lease payments under nonwcancellable operating leases are as follows: 2024 2023 Not later than 1 year Later than 1 year and not18ter than 5 years 1,901 5,227 7,128 1.901 7.128 9,029 26. Related partles A total of £16,765 {2023'. £20,995) was donated lo Ihe congregation by the Injstees during the year. 27. Volunt88rs In common wlth all congregallons of the Church of Scouand, the congregation benefits from the contrfbulions made by volunteers who give their lime and talents willingly for the benefit of the Church. The areas of congregational lrfe which rely on the conlribulion of volunteers are many and varied and much of the activity would be unable lo continue were il not for the commitment shown. 23