The Church of Scotland GREENBANK PARISH CHURCH OF SCOTLAND Flnanclal Statements the year ended 31 December 2024 Scottish Charity No: SC011453 Congregation No: 160863
Greenbank Parlsh Chu Trustees. Annual Re Year ended 31 December 2024 The trustees present the annual report and accounts for Greenbank Parish Church for the year ended 31 December 2024. Reference and Admln&tratlve Informatlon Charity Name.. Greenbank Parish Church of Scollaxl Charity Reg No: SC011453 Congregation Ref No." 160863 Principal office:
Greenbank Parish Church Trustees. Annual Re r ended 31 December 2024 Structure. Goveman¢e and Managemont Governlng Document The Church is administered in accordance with the terms of the Unitary Constttution. Rocrultment and Appolntment of Tntees Members of the Kirk Session are the charity trustees. The Kirk Session members are the Minister or Interim Moderator together with eklers of the church who are chosen from those members of the church who are considered to have the appropriate gits. skills and commitrnent to contrtbute to the management affairs of the chur(. Organisational Structure The lfjrk Session meets at least four times a year and is res{w)nbIe for the spiritual affairs within the church in addition to the management of ils resources. The organisational structure is based on Worship. Outreach, Fellowship. ProFerty. Youth. Health and Safety, Safeguarding and Finance. each of whrth is headed ty a mwnber of the Kirk Session. Certain responsibilibes are delegated to indNiduals and committees as approprbate. Objectives and Activities The Church of Scotland is Trinitsrian in doclrine. Refonned in tradition and Presbyterian in polity. tt exists to glorify God and to work for the ajvanwent of Chrisfs lfjwlom throughout the world. As a national Church. it ackn• a dÉstinctive call and duty to bring the Ordinan of religion tr) the people in every parish of Sland through a terrstorial ministry. It c(H)perates with other Churches in various eMen1¢al (lies in So)Iland and Iwond. The church conducts Sunday worship at 10.30 am which is also streamed INe arKI available for viewing during the following on the intemeL The Chur(* choir a1 Sunday h0o1 are a gnfficant part of our wotship. Orders of Servi are distritMJted electronicaSty every week in advance of the service and our monthty church magazine. Good Neightour. is also distributed electronically and delivered to those without access to email. Churth organisations include the Guild, Drama dub, Bk dub. Brcfyvnie and Guides. Boys, Brigade, Badminton and TIoUt. Our halls are also used to seNe the wider comrnunty induding Cosy Café, providing free refreshments after school to local secondary sthoolthihjren, Communty Choir, Karats, Taekwon. do. Yoga, other failh groups and private parties. More detail can be seen on our vbSite at wiYw.greenbankglasgow.org.u
Greenbank Parish Church Trustees, Annual Re Year ended 31 December 2024 Achievements and Perfomiance Throughout the first fvll year followinc tirwnen( we conb'nued to benefit fr( the experience of the as our Interim Moderator arKI plarE on record our thanks to him for his steady and valuatle suptx)rt to our congregation throughout the year. We have also benefftted from our Locum Minister, the for the fijll year. as held a nurnber of positions wtthin the church. trrt)th locally and nationally induding the positi'ons of Parish Mirrister, Associ Minister. Interim Moderator and Lo(M and continues to make a very posilive impad in our congregational Itfe. The end of 2024 marked the tenth annivarsary of the Kirk Session's decision to start the work which would beme known as our LJa¢Y ProiecL Desyk the interruptson of the COVKI pand1C and the tremendous rises in infiab.on we have all experienced, a lot has been achieve(L We agreed a contrad for Ihe sale of the land to the north. the Clarkston Toll sidè of the church. on lCh a mu¢h-nethJ care home will be builL Vle have design8J and secured planning permission for an annexe to the south of the thurch that V4ry11 provmle uF&ted accommojation, toilets, kitchen, gathering and Off spa. The broken heating sJEtem in the churth has L*en replac8J, the pws and wlptt removed and the whole sanctuary caled. We have gathered over £1 million in pledges from members, fundraising activiti'es of many kirKls. gfft aid and grant awards. Along the way, our plans have been endorsed by Presbytery, and stgnificant financial SUPFrt)rL erthuragement and practical technical advi has been reIVed from the General Tnth of the Church of Scotland in Edinburgh. To address the shortage of ministers and suWus twildings. Presbytery introdLKed the conpt of Cluster Groups of churches. Greenbank and fellcw congregalions in our duster of Busby and Nethertee and StampertaThJ continu&J to work tcgether during the year towards impletrenting the agr Presbytery Plan. Greenbank is grateful to all its Offi bearers and the many others who so generously and freely offered their time, tslent and resources for ts orKJoing work and gNes thanks to God for all that was given and received in 2024.
Greenbank Parish Church Trustees, Annual Re Year ended 31 Do¢omber 2024 Achievements and Perfomiancel conttnued As Greenbank moves inlo 2025. we do so *ilh a renewed enthusiasm and hope for the future. The vision we have shared and nUred together for so long, of a sustainable worshipping congregation of God's people ser¥irYJ our communty for years to come. mov8s ever closer to being realised. Rlsk Management The Trustees have considered the major risks to which the chanty is 8xposed and have put in Pla systems arKI wocedures to mibgate these risks where appropriate. The key areas of risk identified inc4ude'. Financial controls and safeguardirvJ of fuTrJs Heah arKI safety of those using thurch FKwnises Protection of vulnerable lpIe (indLbJirHJ safg3uarding policies for children and adums at risk) Govemance and regulatory complian Operational risks aring from rlan on votunteers Risks associated with maintaining churth buildings and proFerty The Trustees regularty review these risks and ensufe Ihat appropriate intemal wntrols, policies, and proc4ures are in pFace to rntligate them. Financial prO(Ule$ ar8 reviewed to ensure proper stewardship of resources. safeguarding policies are maintsined ar upyated, and insurance cover is in pla to protect against Fyoperty, liabtlty. and other operational risks. The Trustees are Satisf that reasonable steps have been taken to hlentify and manage risks appropriatdy, relative to th8 size and comp• of Ihe charÉty.
Green nk Parlsh Church Ttee5, Annual Re Year ended 31 December 2024 Financial Review Offering income fell by 6.5% on the previous yearfrom £146k in 2023 to £137k in 2024. reflecting a dedine in our congregational roll. The previous yearfs income also included a legacy £25k from the estate of Mrs Chrtstina Byme. These iwo factors were the principal reasons tehind the reduction of £32k in our donalions and legacy income against the previous year. Income from charitabfe activibes fell below the previous year by £2k due to reductions in the number of baptisms, weddings and funerals against the previous year. Income from hall16ts also fell by £2k over the previous year as a consequence of reduced activty of two hall user groups. The largest items of exFthJiiure were our GMrKJ to Grow allocation" heating and lighting., rates and Insurance. and fabric experKlibJTE whith o)lbVe1Y comprised rn of all our costs in unrestricted fuThJs. Of this. however. the cost of installiF¥J a new tatIng system in the sanctuary during the year accounted for 25% (£62k after VAT recoveries from the LPOW scheme). We are grateful to the General Trustees of the Church of Scotsnd for their support in awarding us a grant of £50k towards this. The new heating system largely accounted for the increase in totsl expenditure on unrestrict&J funds increasing from £172k in 2023 to £251k in 2024. On our restricted funds, totsl in(x>me of £70k expenditure of £192k almost wholty related to our Legacy Proprt which was set up to create a sustainable estate to enable Greenbank Church to continue as a Christian centre of worship for future generations. Ino]udj in the income figure were grants of £25k and £Sk frorn GarfEkl Weston and the Bellahouston Bequest respectFvely. The overall effect of the above was a deficit of £9k on unrestricted funds and £122k on restricted funds during the year. Reserves Pollcy It is the Trust. policy to hokl reserves as a contingency against unusually large and Unforeable costs principalty. although not excfusr¥ety. with regard to the fabric expenditure required to maintain the thurch building, as well as the manse and halls. At the year end the church held unrestricted fijnds of £63k vthith represents approximately 4.2 months of our totsl expenditure on unrestricted funds in 2024, exclEJing the non recurring cost of the new heating System. The church also held £363k of restricted fijnds at the year end as outlined in note 12 to the acGounts. which fUrS can only be used for the wrposes SFfied.
Greenbank Parish Church Trustees. Annual Re Year ended 31 December 2024 statement of Trustees. Responslbllltles The charity trustees are responsible ft)r preparing a Trustees, Annual Report and Financial Statements in accordance with applicable law and Unit&J Kingdom Accourtrting Standards (United Kingdom Generalty Accept&J Accounting Practice). The appIlble to charities in Scoland requires the charity trustees to prepare finan(aal statements for each year which show a true and fair view of the state of affairs for the charity and of the incoming resources and application of resources. of the charity for that period. In tYepaiTrKJ the financial statements. the trustees are required to.. Selt suitsble accounting poli and then apply them o)nsistenty' observe the methtsts and principles in the apwicable charities SORP.. make judgrwrts eslimates that are reasonable and prudent" state er applicable accounting standards and Statem of recommended practice have IMn followed. subject to any depathjres disclosed and explained in the financial statements," prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will conlinue in operakn'onal existen. The trustees are resp)nsible for keeping proper accounting recorts which disdose with reasonable accuracy at any tFme the financ4al posibon of the charity and enable it to ensure that the financial ststements compty Mth the Charities and Trustee Investment (Scotland) Act 2005 and the CharitiesAccounts (Scotland) Regulations 21> (as amendgj). They are also responsible frir safeguarding the assets ofthe eharity and hfortaknng reasonable steps forthe prevention and detection of fraud and other irregularities. Approved by the Trustees and snl on their behalf. SeOn Clerk 3 February 2025
Greenbank Parish Church Trustees. Annual Re Year ded 31 December 2024 Independent Examlnerfs Report to the Tntstees of Greenbank Paylsh Church I report on the accounts of the charity for year end&J 31 DeCLr 2024 are set out on pages 8 to 16. Respective responsibililies of trustees and examiner The charitvs trustees are responsible for the preparation of the accounts in accordance with the teffns of the Charities and Trustee Investrnent (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 {as amended). The tharity trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the Accounts Regulations does not apply. It is my responsibilty to examine the accounts as r8]uired under seclion 44(1) (c) of the Act and to state whether parbcular matt5 have (x)me to my atten11. Basls of Independent examlneVs statement My examinatton is carrigJ out in 8LWrdan Regulatron 11 of the Charities Accounts (Scotland) Regulations 2Crf)6 (as amended). An examination includes a revtew of the accounting records kept by the chartty and a comparison of the accounts presented with those records. It also indudes nsIderation of any unusual items or disclowres in the accounts, and seeks explanations from the trustees ConmIng any such matters. The procedures undertaken do not provide all the eviden that would be requir&J in an audit. and consequenlly I do not express an audit opinion on the viw given by the accounts. Independent examinefs statement In the course of my examination, no matter has co to my attention 1. which gives me reasonable rause tr> believe that in any material respect the requirements.. to keep accounting records in accordan with Section 44{1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations (as amended), and to prepare acwunts vthith accord rylh the accounting records and comply with Regulation 8 of the 2006 Acc(nts Regulalions (as amended) have not been 2. to which, in my opini, attention should be drawn in order to enable a proper undersl8nding of the L7ccounls lo be raacbed Date: 18 February 2025
REENFANKPPRtsH¢lfURCH antlal 17111 237 232NJ1 9.118 9.118 11.124 I71 21133) 37J 10.ty)4 152A 1S2.f otsl Incom 241275 311.919 218. lo94 4)7.024 251m2 171. 1k*.O -131PI3 1e4M16 2fl.781 375 Im4 210 -121.781 47¢1 164A 211.• T2A12 24.1 Tdtsifurth 12 r2.412 7.4US
Yoar •nd•d 31 D8¢•mb•r 223 21.352 Debtors Bank Account 32.478 146.731 210.681 25.014 414.9)4 149.071 102.158 Legacy Bank Accourt S45,841 Current LIAblllU88 Cradittsts dutrwithin or yr 10 536,133 $57,485 Fund8 12 12 72.412 485.orJ Tot1 FyrK 4%.616 For and on behalf of the Kirk Session
Greenbank Parish Church Year ended 31 December 2024 Accountln Policies The prinupal Countl9 FX)lrns. whth have been applied consistenty in the Current and preceding year in dealing wfth items whth are o)nsidered to be material to the accounts, are set out belt)W. Bas• of prnpornlion The accounts have been prepared underthe historical cost convention. modffied to refiect the inclusion of investrments at market value, and in aC0Ndan with applicable accounting standards, Accounting and Repoityng by Charities.. Statement of ReComrrded Practice applicable to charsbes preparing their accounts in accordance wrth the Financial RertIng Standard applicable in the UK and Republic of Ireland IFRS 102) {eff¥tive 1 January 2019), the Financial Reporting Stsndard applicable in the UK and Republ of Ireland {FRS 102), the Chartbes and Trustee Investment Iscottand) Act 2005 and the Charitses Accounts (Scotland) Regulations 20 {as arrended). The Charty meets the definition of a public benefft entity under FRS 102. Going Concern The Trustees cortsider that there are no materol Uncertaint aut the abilty of the charity to continue for the fweseeable future. and therefore has Jopted the gotng 0)nrn basis in preparing these financial ststernents. Fund Accountlng Funds are classified as either restncted funds or Unrestric fvnds. defined as follows. Restricted fvnd5 are funds sutyeci to ¥Ecffic requirements as to their use whh may be declared by the donor orwith their authority or created thrwgh legal processes, but still within the wJer objects of Ihe charity. Unrestricted fund$ affj expendable at the discl)n ofthe trustees in fvrMRrance ofthe objects of the charity. If parts of the unrestricted frjnds are eaMrked at the discretion of the tnjstees for a particular purrx)se. they may be desllated as a separate fvnd. This designatFon has an administrative purpose only and d¢Jes not *alty reStrt the trustees. discrelion to apply the fund. Incomlng resources Income is rwnised when the charrty has entilement to the funds. any performance conditions attached to the ilemls) of income have been rrf it is probabk that the inrx>me wll be received and the amount can be rthisured rdrabty. Donated servlces and fa¢ilitigs Donated profess#Jnal Servi and donabj 4111$ are recognised as income when the Charity has control over the item. any coThlitions a580cl with the donaby item have trfftn mel the r1p1 of economic benefft from the use by the of the item is probable and that economic benefft can be measured reliabty. In accordan wrth the Charities -1
Greenbank Parlsh Church Year ended 31 December 2024 Accountl Icleslcontlnued SORP IFRS 1021 the general volunteer of congregation rrEmtrAs is not rek$ed. On receipL donated professional services and donated fJilitEs a recognised on the basis of the value of the grft to the chanty which is the amunt the chartty would have been willing to pay to obtain services or facilits'e5 of equivalent econom benefft on the open rrBrket a correswnding amount is then reccgnised as expendtbjre in Ihe pencmj of receipL Interest rncelvable Intereston fvnds held on deEY)Sit is induded when receNable and the atTL)untn be TrÈasured reliabty by the charity,. this is nomlty UFon notificabon of the interest paid or payable by the Bank Flxed Assets The charity has the right to cccupy and use for ts charttable oty'ects certain tsngible fixed assets, induding the Church. halls and manse. ves in the Church of Scand General Trustees. No consideration is payab for the use of these assets. Expenditure incurred on the repair and Maintenan ofthese assets charged as resources exFThJed in the Statement of Financial Activibes in the period in whith the liats.lty arise5. All tangible Ted assets having a material value to the charity greater than one year, other than those Uired for SE]fiC purposes, a caprtalised. There are currenuy no tangible fixed assets caprtalised but rf such were acquired in ftjture they would be depreciated on a straight line basis to write off the cost or initial value, less residual value. over their estimated useful life. Inveslments Fixed asset investments a ststed at wArket value at the balance sheet date. Unrealtsed gain5 and losses represent the drfference market value at the beginning and end of the financial year or, rf purchased in the year. the drfFeren bew cost and market value at the end of the year. Realised gains and losses repwt the dren beiween the preedS on disposal and the rnarkel value at the stsrt ofthe year or cost rf purchased in the year. Taxatlon Greenbank Parish Church is recognised as a charity for the PuT)seS of applicable taxation legislation and is therefo not subject to taxat on its charitable xtiVtts. The chanty is not registered for VAT and resources expended therefore iude irrecoverable inwrt VAT. -11-
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IIEENBANK PARISH CHURCH Yearended 31 DqcBmbBr 2024