The
United
Reformed
Church
National Synod of Scotland
TRUSTEES, REPORT AND AUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024
UKicEd RÉForir)EcI Cbfjrrt) NJiifiopJiNI SY￿(?￿ OF Scocliiwd
CHARITY NUMBER: SC011907

TRUSTEES. ANNUAL REPORT
For the year ended 31 December 2024
The Trustees of the United Refonned Church Synod of Scotiand (Synod) submit
their Report for the year ending 31 December 2024
MISSION STATEMENT
The mission of the Synod is summed up in its Aspirations. These are certainly not
fixed in stone, but form a moving vision statement that says a great deal about who
we are and aspire to be.
OUR ASPIRATIONS
INCLUSIVE
Our Inclustve worship reftects a
broad variety of sources and
styles. Local churches offer
weekly wo¥ship. regular
celebrations of Holy Communion
and maTk the stages of life in
Baptisms, Weddings and
F¥nerals.
RADICAL
We believe that God's
rodicullove is for
everyone regardless of
age, gender, sexuality,
physical and mental
ability- Yourhg people
are represented with
full voting rights on our
councils.
UNCONDrrioNAL LOVE
We are an active Chr15tian
community which respond5 to the
unconditioniJllove of God through
ebrating the Christian Story in
ways that bring meanin8 and
hope to life.
CREATION
We believewe afe called to live in
balance with the whole of
creotion and our commitment to
thls is a vital part of our mission
plannin& often defined for us in
the small things we can do in
terms of re-cycling, green travel.
planting trees, enerEV efficiency
and strrving toward5 net zero.
OTHER FA￿Hs AND NONE
DEVELOPMENT
We place great value on
our common humanity
and are committed to all
who work with us, from
otherfGlth or none. We
support the work of
Interfaith Scotland and
value the things we share.
The Scottish College
Icongregational & United
Reformed) offer a dynamic
programme for spiritual
and faith developmentfor
anyone wishing to explore
Christianity or particular
¢allings in the life of the
church. URC Youth and URC
Children are growing youth
and children's organisations
within the Unitèd Refomied
Church offering
opportunities for learning
and development amongst
youth and children.
JOURNEY
PEACE ANDJUSllcE
From its formation in 1972, the
United reformed Church has been
comrnitted to journey to
ecumenism and is a member of the
World Council of Churches and
other ecumenical bodies. The Synod
of Scotland works with partners
through the Scottish Church
Leaders Forum. We maintain links
with the world church by engaging
with Elobal partners such as the
Council for World Mi55ion.
Our commitment to peoce and
justice 15 Strong and
demonstrated through the
Commitment for Life
programme and Christian AÉd.
We are a Fair Trade Church
and support the work of the
Scottish Parllamentary Offi￿.

OBJECTIVES AND ACTNITIES
The pnncipal objects of the Syn(Kl, as a gathering of I(￿1 congregations are, the promotion of worship,
fellowship, communication, mutual inspiralion and good ecumenical relab'onships in Scodand, support
of Christ's mission at home and abroaj. encoijragement and &lwsing of local churthes and united
action in pr(xlaiming the GosFel.
The major activities undertaken by the Synod relate to the SUPFQrt and guidan￿ provided to local
churches lo enable them to better achieve Christ's mission ￿th in relation to their (x)ngregalions and
the wider community which they serve, and lo represent the (x)Ilective of congregab'ons in both the
ecumenical and civic life of Scotland and kyond.
During the year, the principal obFth'ves of the Syncxl were:
1. To continue resourcing and equipping the kKal church..
met through provision of supp)rt through staff time. educational opportunities and exPerien￿S
of growth in the wider church.
2. To strengthen ecumenical links..
mel through the work of those responsible for ecumenical work, including ensuring support for
ecumenical partnerships and eng￿ement with nalional ecumenical pathers.
3. Pursuing a collective aPPr￿h lo two challenging areas of church life..
finan￿ and a reduced number of stipendiary Ministers of Word and Sacraments.
4. To monitor governan￿ stNctures within the Synod Structures.
5. To continue the development of team and cluster working, in part responding to ministerial
deployment.
6. To continue work to develop a new Synod Team and new ways of working.
ACHIEVEMENTS AND PERFORMANCE
During 2024 these objects'ves have been pursued in the following ways..
Resourcing and equipping the local church
The Synod continues to offer supp)rt and advi￿ to church secretaries. treasurers and safeguarding
Co-ordinators in their work. Ministers are mandatorily required to engage in pastoral supetvision as a
means of reflective practice The Syn¢)J conb'nues to support parkn'cular congregations with the challenges
of buildings which are not suited lo the present4ay life of the church. Dunfemiline URC sold their building
and during 2024, purchased a new venue with assistan￿ from the Synod by way of a loan. Contributions
towards the running of Syn(Kl from local congregations were again waived in 2024. However, Churches
were encouraged and helped towards meeting energy costs by the continuing availability of grants from
the Energy Crisis Fund. Congregations that benefitted from this were..
Peedie lQrk. Kirkwall, Augustine United, Edinburgh, Rulherglen, Naim, Newburgh, Priesthill. Annan,
Barrhead, Slewarton, Port Glasgow, Saughlonhall. Bathgate, Dlbke Street and Drumchapel.
Strengthening Ecumenical Links
The Synod continues lo be represented ecumenically through the Scottish Churches Leaders, Forum.
This is where senior leaders from each denomination collectively engage with each other on a regular
basis. Their work is supp)rted by the Eujmenical Officers, Forum. We continue to work particulady with
the Scottish Episcopal Church and the Scottish District of the Methodist Church through the EpiscopaS,
Methodist and URC IEMUI Partnership. Our Synod Moderator currenuy setves as a trustee of Aots'on of

Churches Together in Scotland. The World Church continues to feature on the Synod's agenda as il
explores new ways of such engagement.
Through the year the Synod has again engaged with the communiks of other faiths through ils
participation in Interfaith Scotland- and in civic matters through engagement with the Scothsh Churches
Parfiamentary Office {SCPO} and the Joint Public Issues Team IJPITI. The sync￿ Mission Committee
helps to keep political and social matters, rtot least that of the environment, on the a3enda.
Developing our Collective Identity
The Synod conth'nues lo encourage local ￿)ngregatiOnS through their participation in the wider United
Reformed Church and the Ministry and Mission Fund of the denomination. The foTher is one source of
leaming and developmental resources for congregations and the latter is the system used in the United
Reformed Church to provide sts.￿ndS for ministers serving across the denominab'on.
The Northerfy Syn(xl's grouping continues and is where we can offer mutual supp)rt to the ministry and
mission of each of the 5 Northedy Syncds.
A Transition Minister, part lime Ecumenical offi￿r, part ts'me Children's and Inlergeneralional Ministry
Development Officer and part lime Training Offi￿r cx)mprise the Field Team, working together alongside
the Synod Moderator.
A redesigned website during 2023 ak)ng wtth changes to the E News were implemented along wslh
continuing lo reach out via social media. Some of the congregat￿nS continue with live streaming of
Sunday W0￿h1p first startgj during the paThJemic.
Impmving govemance realised
During the year. work continued on our SyncKJ struclures and g0veman￿. 2024 saw the various
committees and the NoMir¢￿$ Ltd settle to new remits and new appointments.
Safeguarding
The Synod continued to buy into a Service Level Agreemenl v￿th Ihe Church of Scotland who provide
training. advice and support with safeguarding work and risk assessments of activit￿s. Work progressed
throughout the year lo create the part lime role of Synod Safeguarding Administrator.
FUTURE PLANS
The Synod Pastoral Committee has agreed to undertake a rewewofthe poliry ofclustering congregations
as a normal means of co-operation, and continues lo seek possible ways of ecumenical collaboob'on.
The part time Safeguarding Adminislralor began *Drking with the SyncKI in April 2025. Work is Ltnderway
lo appoint a new Treasurer and Clerk as Lxjth post holders have inb'mal8J their retirement al the end of
2025.
We continue $￿kIng pla￿ where ministy and mission might be devekJFed in different ways as we look
to use our resources in ways that benefft the misston of the Unrted RefO￿ned Church in Scotland. There
is a need to offer SUPFK)rt with the effeclive use of technology in congregations so that they can develop
streaming of worship and hybrid attendan(£ at meettngs.
The Synod Moderator is undertaking a pr(>Jramme of visits to local church trustee Lx)dies lo remind local
Iruslees of their responsibilities and advise on new pr(Kedures around criminal record checks and
safeguarding training in I￿h1 of changes in Scottish legislation and denominational changes.

FINANCIAL REVIEW
During the year the various funds of Syn(xl had nel income of £296,(￿3{2O23 £224,028) as shown
in the Statement of Financial Activitses on p4e 12. The significant reasons for this increase in nel
incorne are as follows=
The Synod recetves subslantial fijnds year from resource sharing arrangements with
the other 12 Synods of The United Refomied Church. These funds, which amounted to
£360,00012023.. £260,(X)01 in the year are a vital part of the sync￿,5 income. Income from
this source in 2025 ￿11 be £400,(XJO. This income is being maintained at a level consistent
with the requiremenls of Synod and the ability of the pr(￿sS lo sustainably meet payments
lo our Synod and other receiving Synods.
During the year, the Synod received the transfer value of the church al Greenock West which
has a market value of £127,000. {In Ihe prior year, the Synod r￿1Ved the balance of funds
and transfer value of the church al Old Coach Road, Easl Kilbride tolalling £116,671).
During the prior year, there was the receipt of £210,000 from URC Trust lo be disin'buled by
the Synod lo provide grant assistance to churches towards Iheir heating costs and the cost
of energy efficiency projects. No additional funding was received in 2024. In the prior year,
grants of £61,372 ￿Ere paid out from this restricted fund and a further £85,912 in 2024,
leaving a restricted fund balance at 31 December 2024 of £62,716.
Expenditure increased by £56,520 to £513,052. This increase relates mainly to an increase
in staff costs of £28,407 due lo an additional staff member and a pay increase and also, an
increase in legal and professional fees of £16,879 due mainly lo the fees incurred relating lo
the loan agreement wlh DunfeThline Uniled Ref0￿ed Church as detailed below.
There was a gain on the sale of a manse and a church building during the year of £202,656
12023.. £nill.
There was an unrealised gain on the revaluation of investments Ihis year of £14,82512023.'
net realised and unrealised loss on investments of £6,021).
During the year, the Synod purchased a new manse at Hawthom Way, Cambuslang costing £410,OLI).
In addition, the Synod provKled a loan of £180,0(K) lo Dur¢femiline United Refomed Church to facililale
ils acquisition of a property. This loan has mnthly repayments to be male over a 15 year period ending
Febnjary 2040,. has Inte￿St charged al the Bank of England base rate., and is secured by a standard
security over the acquired property.
Movements in fvnds are shown in note 16 on page 24
Investment Policy
The objecb'ves the Synod sets for its investments are to maintain the value of the capital fr)r future
use and to provide current income to resource the work of the Synod Income derived frorn
investments increased during the year lo £14,70412023.. £12,508) due lo the dividend policies of
companies following the war in Ukraine All income from investments held is c￿dited lo the
Adminislralion & General Acts'vib'es Fund, and gains and losses also accrue to that fund The Synod
follows the ethical criteria laid down in the investment p)licy approved by the General Assembly of
the URC.

Risk Management
Officers of the Synod reviewed the risk register during 2024.
The principal risks identified al present, and steps being taken to mitigate them. are as follows..
Risk.. Sustainability of Syn¢)J life impacted by an ageing and diminishing membership
Mitigab'on.. Financially working with other synods through the Inter Synod Resour￿ Sharing
{ISRSI agreefnent. The Synod budget is Ptesented annually al the Synod meeting
Risk.. Writing blogs and contributions lo the Synod Facebook page or by individual ministers
and elders on their own social media which may be inappropriate and damage the Syni)d
standing
Mitigation.. Promoting the URC Sccial Media Guidelines and developing appropriate
procedures in the posting of online wmmunications
Risk.. Adequacy of staffing levels
Miligalion.. This is kept under dose review
Personnel
A Property Co-ordinalor IManses} was employed in January 2024. The prime role is lo oversee the
portfolio of manses owned by the Synod and maintained locally.
ReseNes Policy and Going Concern
Total funds al the balan￿ sheet date were £4.881,923 {2023. £4,585,860), of which £4,683,06912023,
£4,184,213) are held in unreslricled funds for the purrKJses set out in Note 3, with the balance of£198,854
12023. £401,647) relating lo reslncted funds. £3,116,90912023.. £2,806,154) is held as heritable property
or other tangible fixed assets, with the balance of unrestricted funds of £1,566,16012023'. £1,378,059)
representing the free funds of the charity. Details of the funds held are shown in note 16 on page 24 All
designated free funds are held to provide for the long-lem needs of the Syn(xl, and there is no ￿rtaintY
aboul tt)e liming of future expenditu￿ as needs relating lo each of the specific designated purposes are
not predictable. The general fund has a balan￿ of £1,454,25312023.. £985,479) at the balan￿ sheet
dale. Ongoing general expenditure is fInan￿d out of income frofn the general fund in each financial
period, with any operabng deficits being mel from assets held within the Church Building Fund by way of
annual transfer. The Syncé aims lo hold sufficient unrestricted reserves, including designated funds, lo
meet ongoing running costs and antiapaled future expendibjre on manses or other new church building
projects. Expectations of these needs are revised by the Irustees i)n an annual basis and reserves are
sufficient lo meet 12 months, anticipaled expenditure.
As noted above, the Synod receives substantial funds e&h year from resour￿ sharing arrangements with
the other12 Syncxls of The United Refomied Church. Income from this source for 2025 will be £400,0(K).
This income is being maintained at a level consistent with the reqU1￿mentS of the Synod and the ability
of the process to sustainably meet paymenls to our Synod and other re￿Iving Synods. Consequenuy,
the Iruslees cOns￿er that the charity is a going 0)n￿m.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Synod is constituted under the teThs of the United Reformed Church Act 2C()o
The Committee Structure of the Syn(MJ is shown in the diagram within this repx)rt.

REFERENCE & ADMINISTRATIVE INFORMATION
Registsred Scottish Chaiity Number SCO11￿7
Principal Office
3r1 Atlantic Chambets, 45 Hope Stree¢ Glasgow G2 6AE
Website
www.urcscotland.o
Office Bearers..
Moderator
Synod Clerk and Company Secretary
Synod TreasurerlAccoulllant
Convenor of Pasloral Committee
Convenor of Resources Committee
Convenor of the Exeojtive
rru5tees.'
The full list of trustees as at the end of 2024..
uction an
training o
The￿ are no specific inducbon and training procedures for new tnjslees. All trustees however. have a
knowledge of the Syncrfj's *ivities. In ￿dI1￿)n, e￿ new trust￿ is referred ID the latest OSCR booklets
on Trusteeship.
During the year, the following payment5 were male to ItU5tees:
There were no trustees reMUneral￿n or oiher tEnefi15 for the year ending 31 DeTrmber 2024
nor the year ended 31 De￿mber 2023, other than as disclosed in note 9 to the financial
statements
Travel, Subsis1en￿ and other exFenses of £1.847 were paKI to 4 truslees12023.. £2,34410 3
Irusleesl during the year.
new
rus
ees

Advlsors 2024
Legal:
espie
acan
rew.
5 Alholl Cre￿nt,
Edinburgh, EH3 8EJ
Bankers..
Roya Bank of Scolland p
Charing Cross Wesl Branth
9 Clifton Place
Glasgow, G3 7JU
Audltors.
A￿Strong Watson Audit Limited
Caledonia House
89 Seaward Street
Glasgow. G411 HJ
F0lbv￿r￿j a corF#Nae mergei. our preNious a￿￿OIs. Mwtin Ailken & Co Ltd, became
Armstrong Wa￿n A￿lit Limited.
Investments.. CCLA
PO Box 12892
Dunmow
Essex, CM6 9DL
STATEMENT OF TRUSTEES, RESPONSIBILITIES
Under the Charities AccThJnts Iscouandl Regulations 2￿￿, the Synod's trustees are responsible for the
preparation of and approval of financial statements for each financial period, which give a true and fair
view of the State of affairs of the syn￿ of tls financial &tivilies. In exercising such responsibility, the
Iruslees are required to..
Select Suitab￿ accounting FM)licies and then apply them consislenUy-
Make judgements and estimates that are Teasonable and prudent-,
Prepare the financial statements on the going Con￿rn basis Un￿SS rt is inappropriale to p￿sume
that the Syn(>J wll continue in business
The trustees are responsible for the k￿pIr0 of proFer xcounting records Ythich disclose with reasonable
accuocy al any lime the finan￿ position ol the Syr¥Jd afid which enable il lo ensure that the finarscial
slalements comply with the above regulalions. The trustees also have a duly lo safeguard the assets of
the Syn(xd and hen￿ for taking reasonable skps for the prevention and delection of fraud and other
irregularities.
Moderator
Chair of Truslees
Dale..
¥1 201S

STRUCTURE, GOVERNANCE AND MANAGEMENT
The Synod is constituted under the temis of the United Refomied Church Act 2(JJO
The Committee Structure of the Sync#J is shown in the diagram tEIow.
Organisational Chart
Synod Moderator.. Ex Officio on all committees including= Council of Nominees ITrusteesl
Synod Clerk.. Ex Officio on Resources Committee and Synod Pastoral Comrnittee. is Company
Secretary to the Council of Nominees ITrusteesl- and Clerk to the Synod Area Council and Synod
Executive Committee.
Synod
Resources
Committee
4xper
annum
Syrtod Mission
Committee
Approx. 4 x per anntjm
Council of
Nominees
(Trustees)
4 x per annum
Synod
Executive
Children and
Intergenerational
Ministry
4xper
annum
Synod Area
Council
Ecumenical Reference
Group
Meets as
necessary
Synod
Pastoral
Committee
Sxper
annum

Report of the Independgnt Auditors to the trustees of United Refornied Church Synod of Scotland
Opinlon
We have audited the financial statements of United Reformed Church SY￿￿ of Scottand (the charity) for the
year ended 31 Decefflber 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the
Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting
policies. The financial reporting framework that has been ap￿led in their preparation is applicable law and
United Kingdom Accounting Standards, induding FRS 102 The Financial Reporting Standard applicable in
the UK and Republic of Ireland. {Uniled Kingdom Generally A￿pted Accounting Practice).
In our opinion the financial statements-
give a Irue and fair view ol the slate of the charity's affairs as at 31 December 2024 8nd of ils income
and expenditure for the year then ended..
have been propedy prepared in accordance with United Kingdom Generally Accepted Accounting
Practice,. and
have been prepared in accordance ￿th Ihe ￿Uirements of the Charrties and Trustee Investment
(Scollandl Act 2005 and regulation 8 of the Chartties Accounts (Scotlandl Regulations 2006 {as
amended}.
Basis for oplnion
We conducted OUT audit in accordan￿ vrith International Standards on Audtting (UK) {ISAs (UKI) and
applicable law. Our responsibilities under Ihose standards are further described in the Auditor's responsibilities
for the audit of the financial statements section of our report_ We are independent of the charity in accordance
with the ethical requirements that are relevant to OLtr audit of the financial stslemenls in the UK. including the
FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these
requirements. We believe that the audrt evidence we have obtained is SuffiC￿nI and appropriate lo provide a
basis for our opinion.
Conclusions relating to going ￿nCern
In auditing the financial slalements, we have CO￿lUded that the trustees. use of the going ￿ncern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfornied. we have not identrfied any material uncertainties relating lo events or
ndilions that, individually or collectNely. may cast signtricant doubl on the Synod's ability to continue as a
going concern for a period of at least 12 months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the twstees wtth respect to going concem are described in the
relevant Sections of this ￿pOrt.
Other infomation
The trustees are responsible for the other information. The other infomation comprises the information
included in the annual report, other than the financial statements and our Rewrt of the Independent Auditors
Ihereon.
Our opinion on the financial slalemenls does not cover the other irrfomation and we do not express any form
of assurance conclusion Ihereon.
In connection with our audit of the financial statements. our responsibilty is lo read the other infonmation and,
in doing so, consider whether the other information is materially inconsistent with the financial statements or
our knowledge obtained in the audit or otherwise appears lo be matefially misstated. If we identify such material
inconsistencies or apparent material misstatements. we are required lo determine whether there is a material
misstalemenl in the financial slalemenls or a material misstalemenl of the other information. If. based on the
work we have performed, we condude that there is a material misstatement of this other information. we afe
required lo report that fact.
We have nothing to reFM)rt in thi5 regard.

Report of the Independent Auditors to the trustees of United Refornied Church Synod of Scotland
{continued)
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charibes and Trustee Investment
(Scollandl Act 2005 and the Charities Accounts {Scollandl Regulations 2006 {as amended} require us lo report
to you if, in our opinion..
the information gtven in the financial statements 15 i￿onSi5tenI in any material respect with the
Trustees. Annual Report,. or
proper accounting records have not been kept., or
the financial slalemenls are not in agreement with the accounting records,. or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fijlly in the Statement of Trustees Responsibilities. the trustees are responsible for the
preparation of the financial statements which give a true and fair view, and for such intemal control as the
tnjslees determine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial slalemenls. the trustees are responsible for assessing the charity's ability to continue
as a going concern. disdosing, as applicable, matters related lo going concem and using the going concern
basis of accounting unless the trustees either intend lo liqusdale the charity or to cease operations, or have no
realistic alternative bul to do so.
Our responsibilitles for the audit of the financial statements
We have been appointed as auditor under section 44 (1) Icl of the Charities and Tnjslee Investment (Scollandl
Act 2005 and report in accordance with the Acl and relevant regulations made or having effect thereunder.
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free
from material misslalemenl. whether due lo fraud or error. and lo issue a Report of the Independent Auditors
that includes our opinion. Reasonable assuran￿ is a h￿h level of assurance, but is not a guarantee that an
audit conducted in acCOrdar￿ wrth ISAS IUKI will always detect a material misstatement when il exists.
Misslalemenls can arise from fraud or error and are considered material rf, individually or in the aggregate,
they could reasonably be expected to influence the economic decisions of users taken on the basis of these
financial slalemenls.
Irregularities, induding fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities. outlined above. to detect malerial misslalements in respect of
irregularities, including fraud. The extent to which our procedures are capable of delecling irregularities.
including fraud is detailed below.
Our approach lo idenlrfying and assessing the risks of material misstatement in respect of irregularities,
including fraud and non-com￿lanCe with laws and regulations, was as follows..
the engagement partner ensured that the engagement team colleclively had the appropriate competence,
capabilities and skills lo identfy or recognise non-complian￿ with applicable laws and regulations. In addition,
identrfied laws and regulations were communicated within the Audil Team regulady and the team remained
alert lo Instances of non-compliance throughout the audit..
we identified the laws and regulations applicable lo the Synod Ihrough discussions with trustees and other
management. and from our knovledge and experience of the charity sector..
we focused on sp￿￿1¢ laws and regulations which we considered may have a direct material effect on the
financial statements or the operations of the Synod.,
we assessed the exlenl of compliance with the laws and reguSations idenlrfied above through making
enquiries of management and inspecting legal correspKJndence.
We assessed the susceptibility of the Synod's financial stalemenls lo material misstalemenl, including
obtaining an understanding of how fraud might occur. by..
making enquiries of management as lo where they considered there was su5ceplibility to fraud, their
knowledge of actual, suspected and alleged fraud., and
considering the inlemal controls in place to mitigate risks of fraud and non-compliance smth laws and
regulations.
10-

Rgport of Ihe Independent Auditors to the trustees of United Refornièd Church Synod of &otland
{¢ontlnued)
To address the risk of fraud through management bias ar#J overrbde of contro15, we..
performed analyiical pfocedures lo identify any unusud or unexpected relationships,.
lested journal entries to identify unusual transactions.,
assessed whether judgements and assumptions made ￿ deterniinirffJ the actounling estimates set out in
Note 2 were indicative of potential bias,. and
invesligaled Ihe rationale behind significant or unusual tran$￿t￿ns.
In reswnse to the risk of irregularities and non-compliance with laws and regulations. we designed procgdures
which Included. but were not limiled lo".
- agreeing financial stalemenl disclosures lo undertying 5UPPOrting documentalion,.
reading the minules of meetings of those charged with governance..
enquiring of management as lo actual and potential litigation and daims- and
- reviewing C4)fTespondenc* ￿th HMRC, felevant regulators and the Synod'"s legal advisors.
There are inherent limitations in our audit prccedures described 8bove. The more removed that laws and
reguSalions are frorn financial transactions, the less likety il is that we would become aware of norFcompliance.
Auditing standards also limit the audit pro￿lJUre$ required to Klenlify non-compliance wilh laws and ffgulalions
lo enquiry of the tru$tees and other management and the inspection (rf regulalory and legal cofres4)ondence,
if any.
Material misstatements that arise due lo fraud can be harder to delecl than those that arise from error as they
may involve deliberate concealment or o)Ilusion.
A further descriptK)n of our responsibilities for the audtt of the financial slalements is located on the Financial
Reporting Council's website al ww.frc.org.ukjaudrtorsresponsibilities. This description forms part of our
Report of the Indep8ndenl Audrtors.
Use of our report
This report is made solely to the charity's I￿steeS, as a in accordance wilh Section 44111 Icl of the
Charities and Trustee Investment (Scolland) Act 2005 and regulatson 10 of the Charities Accounts Iscollandl
Regulations 2006_ Our audit work has been undertaken so that we migm stale lo the charity's truslees those
matters we are required to slate lo them in an auditors. report and for no other purpose. To the fullest exlenl
permitted by law. we do not accept or assume responsibility lo anyone olhw than the chartty and the charily's
iinions we have forrned.
Armstrong
Stalulory Aud
Eligible to act as an auditor in terms of Section 1212 of the Compan*s Act 2006
Caledonia House
89 Seaward Street
Glasgow
G41 1HJ
Dale".

UNIIEDREFORIIED CHURCHStrNOD OFSCOTLAND
sfAJEAIEiifsFOR 7HEYSARENDED3t DECEIIBER 2024
United Refonned Church Synod of Scotland
Statement of Financial Activities
For the Year Ended 31 December 2024
Unrestricted
Funds
2024
Restricted
Funds
2024
Total
Funds
2024
Total
Funds
2023
Note
Income from:
Donations
Other trading activities
Investments
536,338
18.￿0
36.396
536,338
18,900
36,396
644,143
18.102
24,336
Total income
591.634
591.634
686,581
Expendtture on:
Raising funds.. investment m8nagerfs fees
Charitable activities.. Synod activrties
4,008
452,524
410.086
102.966
513.052
Total expenditure
410.086
102,966
513.052
456,532
Realised gains on disposal of assets
Nel gainslllossesl on investments
Total other rKognised gainsl(losses)
202.656
14.825
202,656
14,825
{6,021
217.481
217,481
6,021
Net incomellgxpenditurel
399.029
(102,9661
296,063
224,028
Transfers between funds
99.827
99,8271
Net movement in funds
498.856
{202.793}
296,063
224,028
Reconciliation of funds
Total funds brought forsydrd
16
4.184,213
401.647
4.585.860
4.361,832
Total funds carried for4vard
16
4,683,069
198,854
4,881,923
4,585,860
The above statement indudes all gains and losses recognised during the year.
l amounts included above relate lo continuing activities.
Comparative figures for the previous year by fund type are shown in Note 14 on page 23.
The notes on pages 16 10 25 form part of these financial statements.
12-

UNifEDREFORMEDCHURCHSYhW OF5GOTLAND
FINAfKIALSTA TEAIE14TS F(Jg THE YEARENDED3f DECEMBER2024
United Refomled Church Synod of Scotland
Balance Sheet
As at 31 December 2024
2024
2023
Notes
Fixed Assets
Tangible Assets
Investments
10
11
3.116,909
415.083
2,806,154
400,258
3,206,412
3.531.992
Current Assets
Debtors
Cash held at bank
Cash
12
190.288
1.195.689
300
1.386.277
17,465
1,568,429
300
1,586,194
Current Liabilities
Amounts falling due wilhin one year
Net Currgnt Liabilities
13
36,346
206,746
1.349,931
1.379.448
Total Not Assets
4 881923
4 585 860
Represented by:
General Fund
Designated Funds
Total Unrestricted Funds
16
16
1.454.253
3.228,816
4.683.069
985,479
3,198,734
4.184.213
Restricted Funds
16
198.854
4 881923
401,647
4 585 860
Approved and aulhorised for issue by the Trustees on
2025 and signed on their behalf by.
The Revd. L. Sanderson
Moderator
Mr R Christie
Chair of Trustees
The notes on pages 16 to 25 fom part of these financial statements.
13-

UNITED REFORMED CHURCH SYNOD OF SCOTLAND
FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
United Refomied Church Synod of Scotland
Cash Flow Statement
For the Year Ended 31 December 2024
2024
2023
Notes
Cash flows from operating activities
Cash generated from operations
Nel cash (used byyprovided by operating aclrvilies
Cash flows from investing activities
Purchase of tangible fixed assets
Purchase of fixed asset investments
Sale of tangible fixed assets
Sale of fixed asset investments
Interest received
Dividends received
1411,590)
1599,3251
1531,7581
419,656
536,155
11,828
21.692
Net cash provided byl{used in) investing actNilies
570 592
Cash flows from financing activities
Loans advanced lo church
Loan repayments received
{180.0001
Nel cash from financing activities
Change in cash and equlvalents in
the reporting pgriod
Cash and cash gquivalents at the
beginning of thg reF)Orting period
(372.740)
{229,0761
1 568 729
1 797 805
Cash and cash equivalents at the end of
the reporting period
The notes fomi part of these financial statements
-14-

UNITED REFORMED GHURCH SYNOD OF SCOTLAND
RNANCIAL STA TEAIENTS FOR THE YEAR ENDED 31 DEGEMBER 2024
United Reformed Church Synod of Scotland
Notes to the Cash Flow Statement
For the Year Ended 31 December 2024
Reconciliation of net income to net cash flow from
Operating Activities
2024
2023
Net income for the reporting period (as pgr the
Statement of Financial Activities)
Adjustments for-
Property donations
Deprecialion charges
IGainslAosse5 on investments
Gain on disposal of ffixed assets
Interest received
Dividends received
Decrease in debtors
Decrease in creditors
296,063
224.028
1127,0001
10.835
114,8251
{202,6561
(21,6921
{14.7041
5.037
170400
1115,0001
11,216
6,021
{11.8281
112,5081
416,358
1767711
Net cash {used byllprovided by operations
Analysis of Changes in Net Funds
At 111124
Cash fl¢)w
At 31112124
Net cash
Cash at bank and in hand
The notes fomi part of these financial statements
-15-

UNffEDREF(X9AIED CIIURCHSYNODOFscollAND
STAlE￿NTs FOR THE YEARENDED31 DECEklBER2024
Notes to the Financial Statements
Presentation and scope of accounts
The financial statements have been prepared on the historical cost basis. Nwlh the exception of investments which
are included al fair value and fixed assets which are induded al cost less accumulated depreciation, and in
accordance wth the requirements of-
Accounting and Reporting by Charities= Ststement of Recommended pr￿lee applicable lo charities preparing
their accounts in accordanee wth the Finanaal Reporting Standard applicable in the UK and Republic of Ireland
IFRS1021 leffective from 1 January 20191 (Charities SORP IFRS102}1
the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS1021
the Charities and Trustee Investment (Scollandl Act 2005. and
- the Charities Accounts (Scollandl Regulations 2006 las amellded).
The charity constitutes 8 public benefit enbty as defi￿ by FRS102.
The trustees have reviewed the financial FM)sition of the Synod and for the reasons given in the Tnjslees. Annual
Report, they consider that il is approwiate to continue to prepare the financial statements on a going concern
basis.
The financial statements are presented in Steding (£}-
Accounting policies
Income
All income is recognised once the charity has enliuemenl lo the income, it is probable that the income will be
received and the amount of irwme receivable can be measured reliably. Donations and other income received
with no reslriclion on their use are applied by the Iruslees lo the appropriale designated fund. Properties donated
lo the Synod are included in income ¥Jpon transfer of lrtle at market value.
Interest on funds held on deposit is included when the amounl is recervable and can be measured reliably by the
charity. This is normally upon notification of the interest paid or payable by Ihe bank. Dividends are recognised
once the dividend has been declared and notification has been received of the dividend due. This is normally
Lipon notrf1¢alion by our investment advisor ol the dividetKI yield of the investment portfolio.
Expenditur9
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charily to that expenditure, il is probable thal settlement ￿11 be required and the amount of the obligation can be
measured reliably. Al expenditure is accounted for on an accruals basis. The charity is not registered for VAT, so
expenditure includes VAT where applICa￿e. Charitable expenditure comprises those costs incurred by the charity
in the delivery of its activsties and services for its beneficiaries.
The trustees consider that there is only one charitable activty. Therefore support costs are not separately
identified as they relate wholly to that activity-
Grants payable are payments made to third parties in the furtherance of the charitable objec15 of the charity.
Grants are paid to applicants or recipients on the basis of criteria set out for the relevant designated or restricted
fund, and decisions are made either by the Synod Officers or Synod Committees who have responsibility for
certain types of grant. Decisions are ratsfied by the Resources Committee.
Taxation
The charity is exempt from corporalion tax on ils charitable aCtiV￿e$.
Fixed Assets
Tangible fixed assets costing in excess of £150 are slated at Cost less accuTnulated depreciation. which is
provided lo write off the cost of the assets, less their eslimaled residual value. evenly over their estimated useful
lives, as follows:
Land & heritable properties
20 10 25 year5
Furniture & fittings
10 years
Equipment
4 years
The cost of land has not been separately identif￿d from that of heritable property and depreciation is therefore
provided on land. Although FRS102 suggests that land is not normally depreciated, the trustees are satisfied that
the fair value of land is not materially different lo ils carrwng value included in heritable property.
16-

UNIIED REFORAIED CIIURCH SYNODOF SCOTLAND
NAIIYX STATEMENTSFOR IHE YEAR ENDE031 OECEMBER2024
Notes to the Financial Statements { cont. )
Accounting policies I cont. )
Fixed Assets { cont. I
Where the recoverable amount of a lan9ible asset is found lo be below its nel book value. the asset is written
dowri lo ils recoverable amount and the loss on impairment is charged lo the relevant expenditure category of the
Statement of Financial Activities.
The Iruslees review the carwng value of all properties on an annual basis and, where there is a risk of material
overslalement. seek lo obtain professional valuations of individual prOpert￿S at least every 5 years.
Investments
Inveslments are a form of basic financial instrument and are inilially recognised al their tfansaclion value and
subsequently measured at their fair value as at the balance sheet dale using the closing quoted market price. The
Slalemenl of Financial Activities includes the nel 9ains and losses arising on revaluation and disposals IhToughout
the year.
I gains and losses are taken to the Slalemenl of Financial Actwilies as they arise. Realised gains and losses on
investments are calculated as the drfference between sales pr(Keeds and their opening carrying value or their
purchase value if acquired subsequenl to the first day of the f￿nanCIal year. Unrealised gains and losses are
calculated as the difference beknn the fair value al the year end and their carying value. Realised and
unrealised investment gains and losses are combined in the Stalemellt of Financial Activities.
Creditors and Provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that
will probably result in the transfer of funds to a third paty and the amount due to settle the obligation can be
measured or estimated reliably. Creditors are normally recognised al their settlement amount after allowing for any
trade discounts due. Provisions are recognised at the best estimate of the amount required to settle the obligation
al the reporting date_
Judgements
The charity considers on an annual basis the judgefflents that are made by management when applwng its
significant sccounting policies that would have the most signrficanl effect on amounts that are recognised in the
financial statements The Iruslees consider there are no such sign£ficant judgements.
Informatlon and key Sources of estimation uncertainty
In the application of the chariws accounting policies, the trustees are required to make estimates and
assumptions about the carrwng amounts of assets and liabilities that are not readily apparent from olher sources.
The estimates and associaled assumptions are based on historical experience and other factors that are
cons1dered lo be relevant. Actual results May drffer from these estimates. The eslimales and underlying
assumptions are reviewed on an ongoing basis. The charity does not have any key assumptions concerning the
future, or other key sources of eslimalion uncertainty in the reporting year that may have a significant risk of
causing a material adjuslmenl to the cafrwng amounts of assets and liabilities within the next financial year.
Pension Contributions
The charity makes contributions lo defined contribution personal pension schemes in respect of five employees.
Contributions payable to these pension schemes are charged lo the Slalemenl of Financial Activities in the period
lo which Ihey relate.
Financial Instrumarbts
The charity only enters into basic financial instruments transactions Ihal result in the recognition of financial
assets and liabilities like other accounts receivable and payable and loans lorfrom third parties and related parties.
Such debt instruments are Initially measured al Pfesent value of future payments and subsequently al amortised
cost using the effective interest method. Debt instruments that are payable or receivable wthin one year. typically
other accounts receivable and payable. are measured, inibally and subsequelllly, at the undiscounled amount of
cash or other consideration expected to be paid or received.
17-

UMTEOREFORIIED CHURCIISIWOD Of SCOTWO
F￿A￿Al sfATEMENfs FOR IHE IEARENDEO 31 DECEklBER 2024
Notes to the Financial Ststements ( cont. )
Accounting pollcies ( conL I
Financial Instruments Icont.)
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for
evidence of impairment and rf found, an impairment loss is recognised in profit or loss. Financial liabilities are
derecognised when the liability is exb"nguished. that is when the contractual Obl￿allOn is discharged. cancelled or
expires.
Cash and cash equivalents includes cash al hand. deposits held at call with banks, other short-lerm highly liquid
investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when
applicable, are shown wlhin bo￿0%￿ng$ in current liabilities.
Funds Held
Synod holds funds of the followng types..
Restricted Funds ~ these are funds which are subject lo re5tn"clions placed by the donor and may only be used for
reslricled purposes.
Unrestricted Funds
these are funds which are free lo be used to further any of the objects of the United
Refomed Church Syn¢xl of Scotland.
Designated Funds
purposes.
these are unrestricted funds which have been eam)arked by the Iruslees for pa￿'cuLar
The specific unrestricted funds of the Synod are maintained for the following purposes..
Unrestricted Funds
Adminislralion and General Activities Fund - this is the general fund of the Synod, and provides all the expenses of
the administration of the Synod, including the costs of Committees. Links and Synod meetings.
Church Buildin
Fund this represents funds designated by the trustees for the purposes of providing finance lo
enable local churches lo undertake the work of adaplalion and repair of existing places of worship. Resources in
this fund are also utilised lo meet any defiats on the Administrats"on & General Activities Fund.
Church Buildin
Manse Fund - this represents funds which have been designated by the Iruslees for the purposes
of purchasing new manses and maintaining the Synod's existing stock of housing for ministers.
Ministers. and De
endants, Aid Fund this fund was originally designated by officers of the Congregational Union
of Scotland for the purposes of providing grants to aid ministers, their wdows, widowers, and their children in
special circumstances of financial difficully. Synod's Irustees have maintained this designation.
nod Develo
ment Fund ￿fOrmerlY Ihe Church Lrfe Develo
ment Fund
this fund initially arose from an
unreslricled anonymous donation in 2007. Al Synod meeting in September 2015, the purpose of the fund was
amended. The fund now exists to give grants to individuals and churches for work aimed al developing the
Church's lrfe in the Synod of Scollan¢J.
Beilh Buildin
Fund - this represents fullds received upon the dosure of Beilh URC which have been designated
by the trustees for the purposes of assisting other churches wlh Iheir buildings_
Related Parties
The Synod enjoys a close workinq relationship with the Scottish Colleqe Iconqregalional and United Reformed).
The Synod procures educational services from the College. The Synod and College ioinlly acquired their office
property durino 2U1 Y and are ￿SpOnsible tor an equal share oi the runninq costs.
The Synod holds and admini-tcr a fun(1 for a Jcparalc chartty. InvcnJric Congrogalional Mi••ion Tru-l
As al 31 December 2024, the amount held on behalf of Inverurie Congregational Mission Trust was £1.328 {2023".
£4,3281. This amount is included in note 13 on page 22.
18-

i•￿FEDREF0R¥EDcHUhftsIsvh¥JDOFsc0TlA￿D
sfA7EIIEPITSFI]g THE YWeEIIDED31 DECEPJBER2ffg4
Notes to the Financial Statements ( cont. )
5 Incom• from donations
UnrestTid•d
Funds
2024
Restrided
Funds
2024
Total
Total
2024
2023
lnter-Syn￿J Resource Sharing
Church contributions
Funds transferred from Closed congregations
Property donated by ongoing congregatson
Energy Crisis Fund gont
Other donations & legacies
360.000
12.478
360.000
12,478
260,000
116.671
127,000
127.000
210,000
57,472
644,143
36.860
536.338
36,860
536.338
6 Income frorn othèr trading activÉtses
Recharges of stsff lime
Other Income
Property rentsls
4.803
4.803
4,575
12.733
18,900
12.733
18.900
13.527
18,102
7 Income from investments
Dividends
Interest
14.704
21,692
36,396
14.704
21,692
36,396
12.508
11,828
24,336
Dividend income is all credited to the Administr8b"on & Genetal Activilies Fund. in accordance with 8 decision of the
Trustees.
8 Expènditure
Raising Funds
Investment manager's fees
4.008
Charitable ActivitAes
Staff costs
Staff travel & expenses
Office occupancy costs
Office running costs
Educats'on & training
Synod, Committee, Delegates and
Link expenses
Affiliation fees
Grants & donations
Property costs
Legal & professional fees
Bank Charges
Balances written off
Depreciation
Audit & accountancy
161.985
22,508
10.146
18,￿7
20.117
161,985
22,$08
10.146
18,907
20.117
133,578
18,331
9.848
22,989
18,400
9.436
11.427
5.139
26.367
93,345
9.436
11.427
108,105
26.367
93,345
10,361
8,321
115,961
19.373
76,466
102.966
3.128
10.835
16,100
410,086
3.128
10.835
16,100
513,052
11.216
7,680
456,532
102,966
19-

FVWKWSTATEIIENfsFag TIEtrUREMW31 DECEA18ER2Q24
Notes to the Flnancial Statements ( conL )
8 Expendituie on charitsblè actlvlties I conL I
Expenditure is stated after charging..
2024
2023
Gov8mance costs.. auditors,remu￿8f8tson
Fee for current year
16.100
7,680
Operating lease payments
Grants & donations indudes grants made in furtheran￿ of the thariws objectives as follows:
2024
2023
No. of
recipients
23
No. of
recipients
27
Grants ma¢Je to organisations
87.383
65,661
Grants made to individuals
105
20.722
132
5Q,300
Grants made to organisations indude £85.912 paid to 15 organi5ab"on5 through Ihe restricted Energy Crisis Fund
{2023'. £61.372 to 14 organisations).
9 EMplO￿ent Costs
2024
2023
Gross salaries
Social security costs
Employerfs pension ¢ontributions
151,591
4.784
5,610
161,985
128,430
2,503
2,645
133,578
Average number of employees during period (headcl￿nI basis)
Thr88 Staff, whose costs are included a￿Ve. are minister5 who are paid a stipend from the URC Ministy & Mission
Fund. During the year, the Synod paid £25.046 12023.. £25,814) lo this fund. which is induded in gross salaries
above.
The trustees consider the Synod Officws - the m￿rator. Synod Clerf(. TreaSU￿r. Convenor of Resources
Commiitee, Convenor of Pastoral Committee and Convenor of the Executive - to be the key management personnel.
The lotsl amount of employee benefts, including employer pension contribub"ons, paid in respect of key management
personnel was £19.70912023." £18,145). In addition lo this. professi￿21 fees of £57,78012023.' £46,300) were paid
to the Treasurer during the year. No emK4oyee had emoluments of more than £60.000 in the current or previous
period.
Trustees, remuneration and expenses are detailed in Ihe Truslees. Rewt.
Pension Costs
Pension contributions shown above include payments of £5.610 12023- £2.645) made on behaK of 5 employees
12023.. 31 to their defined contribution personal perh5ion sthemes. The total arrK)unl outstanding at the year end in
relation to pension schemes was £nil12023." £nill.
-30-

F¥WtL¥sfAfE¥ENfsFOR TrE YEPRENDED31 DECEIl8ER3￿l
Notes to the Financial Statements { cont. )
10 Tangiblè Fixed Assets
Land &
Heritable
Properties
Fumiture &
Fittings
Equipment
Total
Cost
At 1 January 2024
Additions
Disposals
At 31 December 2024
Depfeeiation
Al 1 January 2024
Charge for period
On Disposals
Al 31 Decernber 2024
2.875.525
537,000
235.4001
3,177.125
5.527
19,721
1.590
2.900,773
538.590
1235,4001
3.203,963
5.527
21,311
75.208
8,000
{18.4001
64,808
3,883
164
15.528
2.671
94,619
10.835
118,400
87.054
4,047
18,199
Net Book Valu¢
At 310ecèmber 2024
3,112,317
3.112
3.116,909
Al 31 December 2023
2.800.317
4,193
2,806,154
11 Investm8nts
nod Portfolio- held with Rathbone5
Market value at 1 January
Acquisitions at cosl
Disposals at opening book value
2024
2023
411.552
143.768
{555.3201
Market value at 31 December 2024
During the prior year. the Synod disinvested all fvnds held in Ihe investment portfolio managed on its behalf by
Fialhbones. and reinvested the funds with CCLA in ils COIF Charib"es Ethical Investment Fund Inc_ The movements
in this investment during the year a￿ as follows-.
2024
2023
Market value at 1 Jarsuary 2024
Acquisitions at Cost
Nel gain on revaluation
400,258
385.657
12,268
397.925
2,333
400,258
14,825
415,083
Cash held by the investment manager awaiting investrnent
Market valuè at 31 December 2024
415,083
Income from Investments
Investment income is all derived from within the United Kingdom. and is allocated to the Adminislrabon & General
Acliwbes Fund in a¢cordance with a decision of the trustees.
21

sfA7EMEI4ISFthPIIIE YEARENDED31 DEcEpJBER￿4
Notes to the Financial Statements ( cont. )
12 Debtors
2024
2023
Amounts falling dug within one year
Loans to Churches
Accrued income
Prepayments
Held by invesbnenl manager
{al
9.125
6.807
5.621
12,236
5,103
126
17,465
21,553
Amounts falling due aftor one year
Loans lo Churches
(al
168.735
190,288
17.465
lal This ￿preSentS a loan provided to Dunfermline United Reformed Church to faolitate its acqui51tion of a
property. Monthly repayments are lo be rn8de over a 15 year peri¢JJ ending in February 2040. Interest is being
Charged at the Bank of England base rale and the loan is secured by a 5tsnd8rd security over the acquired
properly.
13 Creditors- amounts falling due within one year
Funds held on behalf of other charib"es'.
Invenjrie Mission Trust
Slonehouse St. Ninians
Park Airdrie URC
Olher Creditor
lal
Ib}
(b)
1.328
4,328
47,254
118,497
514
Accruals and deferred income
34,504
36.346
36,667
206,746
{al This charity is administered by Synod staff but is not under the control of Synod trustees. Funds are held in the
Synod's bank accounts for ease of administr8b"on.
{bl These amounts represent proceeds of propety disposals by conb"nuing congregation5. and other monies, which
have been lodged with Synod while the congregab.ons consider fulure plans warding provision of buildings.
During the year, the balances due to Slonehouse Sl. Ninians and Path Airdrie URC have been repaid lo the lo¢al
churches.

iXfftDREF(IRMEDCHURCHsYf￿O QFSC07LAM)
FMlfJPL STAfEI4ENfsF(IPTIE YEPAEPWED31 DECE118ER2ffg4
Notes to the Financial Statements ( cont. }
14 Statement of Financial Activltlos- Prior Year
Unrestri¢tsd
Funds
2023
Re5tri¢tod
Funds
2023
Total
Funds
2023
Income from:
Donations
Other trading activities
Investments
434.143
18.102
24,336
210,(X)O
644.143
18,102
24,336
Total income
476,581
210,000
686,581
Expenditure on:
Raising funds.. inveslmenl managerfs fees
Charitable a¢tivities'. Synod a¢tiwties
4.008
452.524
339.874
112,650
Total expénditure
Realised gains on disposal of assets
Net unrealised losses on investments
343,882
112,650
456.532
16,0211
{6,021)
224,028
Net income
126.678
97.350
Transfers bètween funds
Net movement in funds
126.678
97.350
224,028
Reconciliation of funds
Total funds brought forward
Total funds carried forward
4.057,535
4,184,213
304,297
401,647
4.361,832
4,585,860
1 S Post Balance Sheet Events
Subsequent to the year end. three properbes were 501d for £1.017.250 at a gain on sale of £467.110.
-23-

11I4ViSTATEIENTSFOR TrE YE•REK8021DECEiOER2O24
Notes to the Financial Statements { cont I
16 Movements In Funds
At
1M124
Incornp
Expenthtyre
Oih8f
alns I IL055esl
Trarthrs
At
31112124
RestrNGtedFuftds.'
Synoj 8uildiFVJ Fu
Minisier$' and Dependanls, AKI Fund
Easi ￿lbride & Hamilton klanse Fvnd
Eneryy Crisis Fund
Total Restricted
80,498
55,640
72.694
99.827
148.628
401,647
17.0541
193.8271
85.912
199.8271
198,854
DesignatedFunds."
Church Building Fund
Church Buikling Mans? Fund
eilh Buikling Fund
Minisler5' and Oependanis. AYJ FurKI
Synod Developnwi Furnl
810.498
2.089.755
152.(MK>
14.983
111.*71
127.1*1
95.388
107.288
1,045,919
1.874,637
102,309
92.013
113,938
3,228.816
1310.1731
92.234
103.938
3.198.734
12211
10.(IMJ
176.983
139.3841
202.656
1310.1731
GeneralFund..
Adminisir*ii(m & Get￿ra1 ActNrt￿5 Fwd
Totsl Unrestricted
985.479
4.184.213
414.651
591.634
370.702
410.086
14.825
217.481
410,riyJ
99,827
4 683,069
Total Funds
4.585.860
513.052
217.481
4.881,923
Detailed descripti￿ts of unreslricw aThY tY&gQna￿d In Tr)te 3 page 18.
ReStr￿ed funds are to be Us￿1 a5 Id
Synod Building Fund- Ihe5e funds are lo be for the rKo¥isw ofgranis f(* ihe refvtiYShM￿t of chyrch P￿ilding$ Wlhin lh8 Synthj.
Minisiets, and Dependants AKI Fund- these funds*ere transferred frrth SCMMPPFT c•) its and a￿ lo be applied lor the same re51riGièJ
purposes 3$ ￿ere applicable lo SCMMPPFr. t*ny the Of￿ ￿ mEliaets and ￿E￿¢Je￿ndants.
East Kilbnde & Hamiiien M*nse Fund- Ihese funds *re ie te us&1 lo wovxle a manse fcK E8$1 Sfjlbtide arxl Hafflillon and we lully ulilised
during the year
Energy cri￿S FuThJ. funding from URC Trua to LE dth1Xrt￿ by the S￿1 10 w*Jegr*i as￿ to churches towards the
healing costs an¢J the ofen*gy efficw woiKts.
Transfers be￿n fLTnds'.
Included in tarngi￿e fixed assei a&JilvJns InDte 101 i5 afa r￿￿rn￿ fry £410.K¥J.
Of ihis. £99.827 was mei through the resInc￿l Easi & Hafflilion arxl has L*en Iranslerr&l out of reslricied
funds and Inlo the unresiticied General Fund.
As detailed in role 3 on page 18. ine trustees consthr thai ￿ balar￿ ￿ the cost of E310.173 slK¥Jd be mel through Ihe designated Church
Buil(fing Manse Fund and ¢onsequenlty. thi5 ￿rti has tw Irdn5ferr&J out of the de5ignaied fur¥Js atKJ inkn unre5trrcted Gener* Fund.
17 Moven*nts in Funds- Prior Year
At
111123
Transfers
At
31112123
Gain5 1 ILossesl
Restricted funds..
Syno(l Building Fund
Mini51ers' and DepeTrJants' Avj Fw
East ￿lbride & Hamiiion Manse FurKJ
Energy Crisis Fund
Total restrlcied
80.498
123.9n
99.827
80.498
72.694
99.827
148.628
401,647
151.2781
Z10.IXA)
210.(KMJ
61.372
1112.6501
304.297
DeslgnatsdFuNth..
Church Building Fund
Church Building Manse Fund
Beilh Building Fund
Minisiws. 8nd Dependants.
Synod Ewdopmenl Fund
838.681
2.521.748
102.309
92.234
107.277
3.662.249
115.COJ
53.527
18.8071
125,$201
1134,37ei
1460,0001
810,498
2,089,755
1D2,309
92,234
103,938
3.198,734
3.339
131.6661
168.527
1594,376}
Genetsl Fund."
Adminisiralion & Gener* Acu￿1*$ Fund
Totsi Unrestricted
395.286
4.057.535
.216
343.882
6.021
6.021
594.376
985,479
4.184,213
478.581
Total Funds
4.361 832
16.021
4.585,860
-24-

Notes to the Financial Statements I cont. )
18 Artalysis of Net Assets Funts
8a•k &
Cash
Other Net
other Fix8d
Asxts
Totsl Valu¢
Oé$iynotedFunds'.
Church Bu11ding Fund
Church Building Manse Fund
In Building Fund
Ministers, and Dependanls. AKI Fwd
Synod Devek)pmenl Fut*J
General Ftynd..
Aeminpsttai￿ & G￿8(81 Ac1w￿$ FurKI
Heldon b&h*Folcthr ¢hwittÈS
268,131
1353.Y21
11.6921
66.873
712,￿1
2,227.718
1,045,919
1,874,637
102,309
92,013
113.93B
38.987
95,234
102.736
12.8S)I
15.8441
17.046
1.￿*.821
1.328
164.795
11.3281
111.253
171.992
4.592
1,454,253
R8strlcted funds..
SyncKI Building Fund
Minislers. ar￿ Dependants. FuThJ
Easi Kilbnde & Hamilton Manse Fund
Energy Crisis Fund
Total Fund5 at 31 Decerthr 2D24
80.49B
80,498
55,64D
62.716
62,716
1.195.989
153.942
415.083
3.112,317
4.592
4,881.923
19 Analysis of NtrtAssets Bethen Fund5- Prioryear
Bank &
Cash
Current
Other Fixed
As5Èts
Total Valut
De$ign•tedFunds."
Church Building Fund
Church Buildirrg Man% Fund
Beilh Building Fund
Minisiers. and Derendanls. Fund
Syr*)d Devekwenl Fund
General Fund..
AdmiTrisiraliOn & General Activit￿$ FuThJ
Held bthall ofotherchanties
810.498
2,089.755
102.309
92.23d
103,938
158.344
13261
628
63.322
13.(MX)I
86.873
585.607
2,042.718
38,987
95.234
102.7
1245.5771
14.3281
S*.428
171.W
5,837
985.479
4.326
Restrictod fund5'.
Syn(xJ Buiiliry Fund
Minislets. and Depend8nls' Fund
Easl KilbrEde & Hamiiion Manse FuThY
Energy Cnsis Fund
Total Funds * 31 December 2023
80,498
72,694
99,827
148,628
4 585,860
80.4
72,094
99,827
748.628
1.568.729
189.281
4LMJ,258
2.8(￿.317
5.837
20 APB Ethical Standard- Provisions availablefor small enttties
In cornmon ¥*ilh mary other businesses of soe arK5 natu￿ use Ow3￿JIt￿s lo k¥ewe and sutxnit rdLnTS lo the of the Charily
Regvlalor and a$5isI %%ilh trt rryaBtson of fina￿1* Staiem*ts.
-25-

The followtng page does not fomi part of the financial statements
and is provided for inforfflalion only.
26-

TEDREFORAIEDC111I9CIIStr7I000FSCOTL4IID
F￿￿￿sTATE￿EfvTSFOR THE trENIENDED31 9ECEAiVER2￿d
Appvndlx
In¢omq Exp•ndttur• by Fund
Ufirnstrkt•d Funds
R•Btiict•d FurA*
T*al
Funds
Tot41
Fund*
fj•Mr¥l
Admln &
G#nor
Church
Church
Bulldl
Mini*t41*' ahd
D•p•ndants'
Church
Synod
8ulldlty
Fund
EJTi¥iibrkl•
& Hamiiion
Mlnlilgr•'&
Dgyndanm.
EnBr9y
2023
euildin
D•wlopm•nt Fur
Fund
DonJtlons aré
INer.Syrnd R•wc•5hvl
¢P￿rCh
oltrrfrdDnJl￿ns
390.QQQ
12,478
10.000
11,WJ
7.472
PrOp￿YO)n•￿ by ¢yryr•Bilw>i
Er•r9y Crlws Fu￿vr•￿
Olhr Iradlw ￿l¥rtIeS
127.0
127,Q
210.tyY)
18,102
24,336
1¥,900
36.396
30.398
Totol INom•
414.651
152.C*]O
14.983
10,WJ
091,fj34
OUO,5B1
E¥p•ndltLV on..
siaff ¢osi¥
•ff trovel &•xponMs
Ik•occuporKycoilJ
161,9B5
10,146
18.107
20.111
10.146
11.èof
9.e4e
22.989
18,4
EduC•lWJ)&tf￿r1
Syrnd. Comffllll•o. P•*•t•i & Llnk•xp*n
9.438
11.427
5.139
10,301
8,521
115,9J1
19.373
7.880
00.474
11.427
Gi•nii&donDtloni
Proporty Coils
ALQrta ACCtyJntBncv
t7,054
85,912
11,342
14,101
221
28.M7
16,100
•$,J45
16,100
BB,328
626
4,￿2
rth Chèry•5
2.833
Tot41•xwnOhur•
370.702
11.W7
27.196
221
17,054
85,912
1J,OSI
10?.2e8
202.616
14.B25
14,825
N•1 InE0m•￿1•Xp•nd￿tUr•
5B.774
YJS.421
95,055
10.wj
117.US41
2W,063
224.Q28
Tr•nBl•r
410.llDD
N•t movwngnt In fund
468.774
10.ty))
199.8271
11?.OJ41
185,9121
296.063
224.02
Tot*lfund$ broughtfor%¥y
985.479
810.498
2.089.7SS
92.234
103,93
102,30
.488
99,827
146.626
4.$85.860
4,361,632
Totil lurtd*¢oirf4d lorw4id
1.454,253
.015.919
1.874,637
02.013
102,30
60.49e
55,Y
881.923
4.585.660
-27-