Paisley North Church of Scotland Financial Statements for the year ended 31 December 2024 Church of Scotland Congregation Number: 140785 Scottish Charity Number: SCO 12650
Paisley North Church of Scotland Reference and Administration Information Charity Name.. Charity Registration No.. Congregation Reference No.. Contact Address.. Paisley.. North ChuT¢h (Chtjrch of Scotland) SC012650 140785 Trustees tive)
Paisley North Church of Scotland R•ference and Administration Information lcontinued) Principal Office Bearer8 Independent Examiner Kilpatrick Accounting 172 Cumbernauld Road Chryston Glasgow G69 9NB Bankers Bank of Scotland The Cross Paisley PA11DB
Paisley North Church of Scotland Structure, Governance and Management Governing Document The Church is administered in accordan with the terms of the Deed of Constitution Unrtary Form. Re¢ruitment and Appointment of Trustees Members of the Kirk Session are the charity trustees. The Kirk Session members are the elders of the church and are chosen from those members of the church who are considered to have the appropriate gifts and skills. The minister, who is a member of the Kirk Session, is elected by the congregation and inducted by Presbyiery. Organlsational Structure The Kirk Session meets 5 times each year and is responsible for all matters pertaining to the church, both spiritual and temporal. The Kirk Session is made up of5 teamswho oversee these aspects of church life. Objectives and Activities The Church of Scotland is Trinitarian in doctrine, Refomied in tradition and Presbyterian in polity. It exists to glorify God and lo work for the advancement of Christ's Kingdom throughout the world. As a national Church, it acknowledges a distinctive call and duty to bring the ordinances of religion to the people in every parish of Scotland Ihfough a territorial ministry. It Co-operates with other Churches in various ecumenical bodies in Scotland and beyond. Services of Worship Sunday service 11a.m. Wednesday mid-week seNice at 12.30p.m. 4 services of Holy Communion- March, June, September and December. Holy Week services were held on Maundy Thursday and Good Friday. Christmas Advent services were Garried out during the month of December. Youth Activitles Sunday School (Young ChurGh) provides activitie5 and teaching appropriate for three different age levels, from pre-sGhool to teens, every Sunday morning. Brownie pack and Guides met weekly during the season. Sadly, the Boys Brigade disbanded in May 2024.
Paisley North Church of Scotland Structure, Governance and Management (continued) Social Events The following Social Events were held.. Clolhes show Afternoon tea Fun in the sun night Christmas party Community Activities Good Friday Walk Easter and Summer Holiday Club Car Boot Sale- Monthly We had the following regular hall lets, as well as many ad hoc lets. Once again, our halls ser¥ed the community well. Childrens Panel Alzheimer's Seniors Exercise Class Roar Paisley Orchestra Arkelston Singers Paisley Patchers And many more Achievements and Perfomiance 4 News updates were printed and circulated by the Elders to members in their district. The Sunday night drop in continued where homeless and vulnerable people could get a hot meal and a friendly chat. This is still proving to be a great success. Christmas Gifts were delivered to the over 80's. Food Items were donated throughout the year. and these were donated lo the Abercorn homeless unit which is located across from the church and has 13 residents. Pastoral care was carned out with the support of who is still with Paisley North as a Reader. Visits look place lo those who required them.
Paisley North Church of Scotland Statement of Trustees, Responsibilities Statement of Trustees, Responsibilities Charity law requires the trustees of the Charity to prepare financial statements for each financial period which give a true and fair view of the Charity's financial activf(ies during the period and its financial position al Ihe end of the period. In preparing the financial statements the members should follow best pracliGe and-. select suitable accounting policies and apply them consistently; make judgements and estimates that are reasonable and prudent- follow applicable accounting standards and the Charities SORP, disclosing and explaining any departures in the financial statements- and prepare the financial statements on a going concem basis unles5 it is inappropriate to assume that the Charity will continue in operation. The trustees are responsible for keeping accounting records which are such as to disclose, with reasonable accuracy. the financial position of the Charity at any time, and to enable them as members to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005 and the Charits'es Accoun18 (Scotland) regulations 2006. They are also responsible for safeguarding the Charily's assets, and hence for taking reasonable steps for the prevention and detection of Fraud and other irregularities. Approved by the Irustees and signed on their behalf on 4 May 2025
Paisley North Church of Scotland SC012650 Independent Examiner's Report to the Trustees I report on the accounts ofthe charity for the year endecl 31 December 2024 which are set out on the following pages. Respective responsibilities of trustees and examiner The charity's trustees are responsible for Ihe preparation of the accounts In accordartrGe with the teims of the Charities and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts (Scotland) regulations 2006. The charitytrustees consider that the audit requirement of Regulation 10(1} {a) to (e) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44 (1) (c} of the Act and to state whether particular matters have corne lo my attention. Basis of independent examlner's statement My examination is carrted out in accordance with Regulation 11 of the Charities Accounts (Scoland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented wth those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidance that would be required in an audit, and consequently I do not express an audit opinion on the view given by Ihe accounts. Independent examlner's statement In the course of my examination, no matter has come to my attention= which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with Section 411) {a) of the 2005 Act and Regulation 4 of the 2006 Accounts regulations. and to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations have not been met, or 2. to which. in my opinion, attention should be drawn in order to enable a proper understandin of the accounts to be 8¢hed. Kiipatnck Accounting 172 Cumbemauld Road Chryston Glasgow G69 9NB 4 May 2025
Paisley North Church of Scotland Ststement of Financial Activities for the year ended 31 Decemb6r 2024 Year ended 31 DeGember 2024 Year ended 31 December 2023 Total funds Unrestricted Restricted Total Funds Funds Funds Note comln Resources Incoming resources from generated funds Donations Marriage, Baptism and Funeral Donations Bank and Deposit Interest Rental of Premises Rental of manse Fundraising for outreach work Groups and Organisations Transfer from consolidated fabric fund capital Funds received from Martyrs Sandyford Total Incoming Resources 58,782 900 533 30,479 5,850 7,310 5,057 10,575 58,782 900 533 30.479 5,850 7,310 5,057 10,575 56,201 100 383 30,423 3,257 3,798 10,847 119,486 0 119,486 107 992 Resources Ex ended Costs of generating funds Charitable activities trotal Resources Expended 209 118,249 118,458 209 118,249 0 118,458 167 103 259 103,426 et incoming l I0going resources '.for th8 year before transfers 'Transf8rs made between funds Net incoming l (outgoing) resources before other recognlsed gains and (losses) Unrealised gain l (loss) on revaluation of investments Realised gain l {loss) on disposal of investments Net movement in funds 1.028 1,028 1,028 1,028 4.566 875 875 1,903 1,903 5,250 Total funds brought forward 326,020 0 326,020 320,770 Total funds carrl8d forward 327,923 0 327,923 326,020
Paisley North Church of Scotland ststement of balances at 31 December 2024 31 December 2024 31 December 2023 Note FIX Assets Manse- at CDSt Investments 294,775 10,144 304,919 294,775 9,270 304,045 Current Assets Debtors Bank 23,003 23,003 21,975 21,975 Creditors Amounts falling due within one year Net Current Assets 23,003 21,975 Net Assets 327,923 326 020 Unrestrlcted Funds General funds 327,923 326,020 Restrlcted Funds Restricted Funds Total Funds 327,923 326 020 The accounts were approved by the Kirk Session on 4 May 2025. For and on behalf of the Kirk Session Session Clerk easurer
Paisley North Church of Scotland Accounting Policies The principal accounting policies are set out below. The charity has adopted the requirements of the Statement of Recommended Practice= Accounting and Reporting by Charilies (issued February 2005). The trustees agreed that the accounts should continue to be prepared on an income and expenditure basis rather than fully accrued accounts. Basis of preparation The accounts have been prepared in accordance with applicable accounting standards and under the historical cost convention, modified to retlect the inclusion of investments at market value, and in accordance with the Charities and Trustee Investment (Scollandl Act 2005, The Charilies Accounts (Scotland) regulations 2006, the regulations anent Congregational Finance approved by the General Assembly of the ChurGh of Scotland in 2007 and the Slatement of Recommended Practice: Accounting and Reporting by Charities (2005}. Funds Funds are classified as either restriGted funds or unrestricted funds, defined as follows. Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider object of the charity. Unrestricted funds are expendable at the discretion of the trustees in the furtherance of the objects of the charity. If parts of the unrestricted funds are eamiarked at the discretion of the trustees for a particular purpose, they are designated as a separate fund. This designalion has an administrative purpose only and does not legally restriGt the trustees, discretion to apply the fund. Incomlng resources All donations and gifts are included within incoming resources under either unrestricted or restricted funds according to the temis under which the donation is made and when the amount is received. Donations and gifts in kind are brought into the accounts at their market value to the charity. Resources expended Expenditure is recognised on a cash basis as the liability is in¢urred. 10
Paisley North Church of Scotland Accounting Policies (continued) Tangible Flxed Assets The charity has the right to occupy and use for its charitable objects certain tangible fixed assets, including the Church and halls, vested in thè Church of Scotland General Trustees. No consideration is payable for the use of these assets. Expenditure incurred on the repair and maintenance of these assets is charged as reSoUrS expended in the Statement of Financial Activrties in the period in which the liability arises. Heritable properties consisting of the Church and halls are not recorded in the accounts. The trustees consider that it would be impractical to apply conventional valuation techniques to these buildings and accordingly no valuations are available. Investments Fixed asset investments are stated at market value at the balan Sheet date. Unrealised gains and losses represent the difference between the market value at the beginning of the financial period or. if purchased in the period, the drfference between c¢)st and market value at the ènd of the period. Realised gains and losses represent the differen between the proceeds on disposal and the market value at the start of the period or cost if purchased in the period. Taxation Paisley North Church is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities. The charily is not registered for VAT and resources expended therefore include IeCOVerable input VAT.
Paisley Notth Church of Scotland Notes to the Financlal Statements for the year ended 31 December 2024 Unrestricted Restricted Total 31 December 2023 1. Analysis of Donatlons Offerings Tax recovered on Gift Aid Fundraising - Church Special offerings for olher charilies Donations 46,749 7,136 4,512 46,749 7,136 4,512 47,086 3,021 3,749 215 2,131 56,201 385 58,782 385 0 58,782 12
Paisley North Church of Scotland Notes to the Financial Statements for the year ended 31 December 2024 2. Analysis of Payments Year ended 31 December 2024 Unrestricted Restricted Total Year ended 31 December 2023 Costs of Generatlng Funds Offering Envelopes 209 209 209 209 167 167 Charitable Activities Ministries and Mission Allocation Outreach work Special offerings for other charities Baptismallnew communi¢ants Presbytery Dues Ministerfs Expenses Pulpit supply other salary costs Fabric repairs and Maintenance Insuran Heal and Light Church Telephone Expenses Organ and Music Printing and Stalionery Premises expenses Cleaning materials Manse expenses Accountancy fees Montgomery Road costs Abercorn Unit expenses 24,000 6,334 215 40 300 1,402 13,965 15,309 816 9.100 15,957 953 1,819 466 11,171 34 9,669 2,490 24,000 6,334 215 24,000 3,064 300 1,402 13,965 15,309 816 9,100 15.957 953 1,819 466 11.171 600 3,000 11,274 13,529 8,663 13,958 917 3,710 573 5,927 72 8,714 1,896 19 107 100.023 9.669 2,490 58 114,098 58 114,098 Groups and Organisations Flower Fund Mid-week Service Fundraising magazine Badminton Club Drop in Young Church 1300 704 968 62 883 234 4151 118249 1300 704 968 62 883 234 4151 1343 472 866 348 207 3236 103259 118249 13
Paisley North Church of Scotland Notes to the Financlal Statements for the year ended 31 December 2024 3. Trustee Remuneration and Related Party Transactlons One member of the Kirk Session received £8,885, in total, for providing Iheir services during the period. Council tax, boiler maintenance, factors, estate charges, energy and maintenance payments, amounting to £6,024, represenl the regular manse expenses. In addition, £3,645 was spent on EICR report, fire alarm. new taps and a new boiler. £1,402 was paid to the Church of Scotland towards mileage (see note 7). 4. Stsff costs and numbers YIE 31112124 YIE 31112123 Salaries and wages Total 15.309 13.529 13,529 The average number of employees during the year, based on a head count, was as follows. Music staff Premises maintenance 14
Paisley North Church of Scotland Notss to the Financial Statements for tha year ended 31 December 2024 5. Investrnents Market value at 1 January 2024 Disposals at market value in year Realised gain l (loss) on investments Unrealised gain l (loss) on ir7veslments Market value at 31 Dember 2024 9,270 875 Investments at cosl 4,818 The following investments are held= Church of Scotland Growth Fund, 1,590 shares 6. Debtors The financial statements reflect income received in thé year. At 31 Dember 2024 the following amounts were due: 3111212024 3111212023 Hall hire Gift Aid Tax Refvnd Due 407 1.378 1,280 3,008 7. Creditors: Amounts falling due wlthln one year The financial statements reflect payments made in the year. At 31 December 2024 the following amounts were owed: 3111212024 3111212023 Ministries and Mission Allocation Heat & light Fuel costs owed to Church of Scotland 11,745 4,843 23,970 2,068 902 26,940 Historic mileage costs were previously owed to Church of Scotland. During the period payments totalling £1,402 were made. This represents the 2023 balance of £902 shown above and a further £500 due to Church of Scotland. These payments cleared the historic balan which, as al 31 December 2024, was nil. 15
Paisley North Church of Scotland Notes to the Financial Statements for the year ended 31 December 2024 8. Movements in funds 1 January 2024 31 December 2024 Receipts Payments Transfers Unrestricted Funds - Manse Manse (at cost) 294,775 294.775 294,775 294 775 Unrestricted Funds - other Designated Youth Council Groups and Organisations Martyrs Sandyford BB fund 847 1,955 285 3,087 28.158 31,245 5,057 14,151] 2,862 285 3,993 29,154 33,148 5,057 115,304 120,361 14,1511 114,307 118.458 General Fund Total Unrestricted Funds - other Total Funds 326,020 120 361 118,458 327.923 Notes on funds 1. Consolidated Fabrrc Fund Capital.. Restricted fund controlled by General Trustees. Presbytery approval is required for expenditure exceeding £20,000. Amount held at 31 December 2024- £351.00312023- £362,811). The difference of £11,808 was taken from capital and used to pay an outstsrKling Ministry & Missions balance for WallneLsk North relating to 2021. 2. Consolidated Fabric Fund - Revenue.. Restricled fund controlled by General Trustees and held for running costs, repairs etc. Evidence of payment is required before funds are released. Amount held at 31 Decemtsr 2024 - £19,401 (2023 - £12,120). 3. Youth Council - Unrestricted fund held to support the youth of the Church. 4. Groups and Organisations - Unrestricted funds held by various clubs and groups. S. Martyrs Sandyford BB Fund- Unrestricted fund held to support BB. 6. General fund - Unrestricted fund held for the day to day running of Church affairs. 16
Paisley North Church of Scotland Notes to the Financial Statements for the year ended 31 December 2024 9. Bank Accounts Held At 31 December 2024 At 31 December 2023 Investment Account Deposit Funds Premier Account Current Account Cash Account Groups and Organisations Investors Trust held at 121 5,004 761 3,478 7,254 76 2,862 3,570 23,003 3,832 516 5,087 6,781 410 1,955 3.393 21.975 10. Collections for Third Parties During the period, special offerings of £1,476 were given to other charities {2023.' £2,095). 11. Mlnisterfs Stipend All Church of Scotland Congregations contribute to the National Stipend Fund which bears the cost of all ministers, stipends and employeffs contributions for national insurance. pension and housing and loan fund. Ministers, stipends are paid in accordano with the national stipend scale which is related to years of seNi¢e. For the period under review the minimum stipend was £31,642 (pro-rata) and the maximum stipend, in the 51h and subsequent years of servi, was £38,884 (pro ratal. 12. Financial R8vlew and reserves policy The accounts show a surplus of £1,903 for the period. Afler taking account of debtors and creditors at the year end. there is a deficit for the period of £12,900. With a declining roll, and increased running costs, a future deficFt is budgeted for. The Kirk session is currently working to address this. It is the Irustees, poliGy to hold reserves of approximately six months expenditure including designated funds. At the year end the church held unréstricted funds of £33,148. 17
Paisley North Church of Scotland Notes to the Financial Statements for the year ended 31 December 2024 13. Other funds held by Church of Scotland on behalf of Paisley North Unrestricted - under the control of the con re ation Deposit Funds - general congregational purposes Growth Fund (1,590 units) Market value Orlglnal cost 761 10,144 4.818 18