Grangemouth Parkview Parish Church of Scotland formerty known as Grangemouth Zetland Parish Church of Scotland The Church of Scotland GRANGEMOUTH PARKVIEW PARISH CHURCH OF SCOTLAND Formerly known as GRANGEMOUTH ZETLAND PARISH CHURCH OF SCOTLAND RONALDSHAY CRESCENT, GRANGEMOUTH CONGREGATIONAL ACCOUNTS FOR YEAR ENDED 31 DECEMBER 2024 Congregational Reference No. 171171, (formerly 221375) Scottish Charity No. SC013114
Grangemouth Parkview Parish Church of Scotland forrnerty known as Grangemouth Zetland Parish Church of Scotland Trustees, Report Year ended 31 Dec¢mb¢r 2024 The truste¢s present their annual report and financial ststements of Grangemouth Zetland Parish Church of Scotland for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in pages 17 and18 and comply with the General Assembly Regulations for Congregational Finance, the Chariti¢s and TTUStee Investment (Scotland) Act 2005. the Charities Accounts {S¢otland) Regulations 2006. Accounting and Reporting by Charities: StateTnent of Recommended Practice applicable lo charities preparing their flnancial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019. the FinancÈaI Rew)rting Standard applicable in the UK and Republic of Ireland (FRS 102) and UK Generally Accepted Accounting Practice. Obj¢¢tives and Activities The Church of Scotland is Trinitarian in doctrine. Refomied in tradition and Presbyterian in Polity. It exists to glorify God and to work for the advancement of Christ's Kingdom throughout the world. As a national Church it acknowledges a distinctive call and duty io bring the ordinan¢es of religion to th¢ people in every parith of Scotland through a territorial ministry. It co-operates with other Churches in various ecumenical bodies in Scotland and beyond. Planned Congregational activities have been as follows: Weekly services of worship Planned Special services, (¢8 Dedication service. Memorial and Remembrance services). Church Choir Affiliated unifornied organisation (Boys. Brigade) Sunday School (for children aged 3 to 12) Church of Scotland Guild Bible Study group Pastoral Care Team Worship Team Toddler Group, (for children aged1-3, with mumslrecognised Car% often with support of social workers) Zetland Stitchers
Gran8emouth Parkvlew Parsh (Thurch of Scotland formerly known as Grangemouth Zetland Parish Church of Scotland Truste4s' Report (cont.) Year ended 31 December 2024 Ecumenical Services of Praise in the Park Ecumeni¢al Holiday Club Film Nights The church building has Eten used by Moray Primary School. onc¢ again. The minister, on the invitation of the respective Head Teachers, is Chaplain to Moray Primary School, Beancross Primary School, Grdng¢mouth Higb School and a member of th¢ Chaplaincy Team to Carrongrang¢ High SclKx)l. The congregation is actively involved in working togeth¢r ecumenically throughout the year - Week of Prayer for Chrislian Unity, World Day of Prayer. Holy W¢¢k Services. Pentecost Celebration, Holiday Club. Praise in the Park and Saunter in the Park. It has also supported the Council's communiry work through Grangemouih Community Care. Monthly ecumenical meetings w¢re held in 2024. The Presbytery Plan for Grangemouth was agreed in April 2024 and monthly meetings of the Session Clerks and Ministers of Zeiland and Abbotsgrange Churches continu. The use of the Zetland building. as the building for the united cOnggation was agreed in the presbytery plan and the union of two congregations would b¢ eff¢ct¢d from l January 2025 with Rev. s the minister of the new charge of Grangemouth Parkview Parish Church of Lotian A union brings with it challenging times as two ¢ongregatlODS are brought logether, with a number of buildings. (some ol which will sol(t another adapted), a new Kirk Session and new trustees, who have to get to know each other. work together and go forward in God's vision and mission for the Church in Grangemouth. We have tried to have socia] evenings to familiarise ourselves with each other, which those who attended, enjoyed. In addition, a union means new ways of IKing a church family and reaching out to the community io become more apparent therein, as well &8 acknowledging the grief of the con8re8alions for a variety of r¢asons.
Gran8emouth Parkview Parh Church of Scotland formerly known as Grangemouth Zetland Parish Church of Scotland Trustees, Report (cont.) Year ended 31 December 2024 Achievements and Performance All volunteers working with children and adults undergo disclosure and are trained according to the Church of Scotland's Protection of Vulnerable Groups, (PVG) reqUients. This is administered by the Kirk Session through its PVG C(K)rdinator. Volunteers continue to benefit from training through ihe PVG scheme. Disabled access is available to both the church and halls, a hearing loop is installed in both church and main hall and large print hymn books and Bibles ar¢ available at services. Areas of the church are available for those requiring the use of a wheelchair or walking aid. to sit with their fan]ilies and friends. giving a choic¢ of options. front, middle and back of church which has been well received by those vAio require this provision, allowing them to feel part of the congregation and take part in its, life and worship. and have even joined the memb¢rship of the congregation. Inclusion is imwrtani to the Kirk Session. Our sound system. large screen and camern8 continue to allow all the congregation to hear worship. see words. and appreciale the Gospel message through a variety of modes including power-point presentations and video clips. the lour of the text allows those with learning difficulti¢s to b¢ abl¢ to r¢ad words. We have used live-streatning to enable the housebound to keep in contact with the worshipping family of failh. The substantial increas¢ in those listening to the services on Facebook - approximately 250 each Sunday has increased in 2024. Therefore, the rordillg of worship has continued to be a strong and valuable link io those who are ill and unable to attend church. Online worship has reached many more people, than our worship services did prior to COVID- 19 and still include those linking in from England, France, Canada, and Australi& Members of the church have taken part in online worship. Worship has been live-streamed on the minÉsters' phone due lo the limilations of our AV system - i.e. we do not have the recording facility from our cameras, nor adequate broadband speed. The Choir have involved others from the two other congregations in ihe town, as well as those who like to sing. for their annual Christmas concert, which was very well received and much enjoyed by ihose who attended - there were over 2,300 hits on FacebooL and so local and international charities were able to benefit from the donations given. The choir sang with a world<las5 Brass Band at Christmas 2024.
Grangemouth Parkview Parh Church of Scotland formerly known as Grangemouth Zetland Parlsh Church of Scotland Trustees, Report (cont.) Year end¢d 31 December 2024 The church gardens were maintained to a very high standard by volunt¢¢r members of the congregation, adding to the amenity of the local are& The Sunday School met with and has provided Christian education to approximately six children, some of whose parents are not members of the church. Contact with our teenagers continues but not in the fornial setting. Ecumenism: Our Ecumenical Prdise in the Pth services were held throughout the summer months. on a monthly basis. A weekly Ecumenical Saunter in the Park continued during the summer of 2024 and was well attended! Church Groups: Social and fundrnising events continued in 2024. The Rag-Bag appeal has continued to be supported by the congregation and community. The Fund-Raising team organised many successful events. Th¢ weekly Zoom meeting for our Bible Study and GeneraI Knowledge and Bible Quiz continues and has seen new members attending. The Publications Group has again produced the quarterly magazine. News to the congregation has been delivered by elders to households in the c(Jngregation in a letter forn)at, which has been gratefully received by the congregation. We continued to use ZetlaJ]d Facebook page and the local newspaper to inforni the community of events and our mission. Zetland Church and som¢ of the groups within the congregation have Facebook pages which keep the community and congregation aware of events and servi¢es. Support to Charities was more widespread in 2024. The congregation supported the work of the local Trnssell Trust Foodbank throu8h donations of provisions to this very worthwhile and much needed cause. Zetland Stitchers continued to meet in 2024 and created knitted items for the local Special Care Nursery in the local hospital. As well as a pompom Christma5 tree which brought some excitement and a sense of pride. Film Nights have been well received along with the Fish Suppers! The Guild continues to meet weekly and has seen a rise in their membership. providing a wide range of speakers elc.. some of whom are associated with the Guild Projects.
Grangemouth Parkview Parish Church Scotland formerly known as Grangemouth Zetland Parish Church of Scotland Trustees, Report (eont.) Year ended 31 DeCeber 2024 Our Toddler Group mel in 2024. Agai those who attended are enthusiastic and w¢ reach out to approximately 30 young families. Babies also attend the group. Boys, Brigade met weekly. Since the summer breaL the Boys. Brigade company joined with 1° Grangemouth Company, in preparation for the union between Zetland and Abbolsgrange churches, meeting in Abbotsgrange churclL Our Mission to the local community will resume in 2025. following ihe unior4 as we look forward in faith, knowing the CJ)mmitmenl and support of each other and for the wider community in the year ahead. The Pastordl ca Team has nIntained contsct with the housebound in 2024. The minisfrr has maintained contact with those in our own congr¢gation and those of a neighbouring vacant congregation who are in hospital or request a visit at home. also taking Home Communion to any who rcquc5t it across the 2 congrcgations. Sadly, we lose a number of memr5 each year through death. This number is not replaced by the same number of new members. There were 4 baptisms. and we celebrated the profession of 2 new members in the church in 2024. Sincere thanks ar¢ expressed to all those who have supported God's work iii IIIL 1I1i.%%i Zetland Church in 2024. Gratcful thanks to Woody SpciT& our Session Clerk our Depute Session Clerk and the many office-bearers who play such an impi)rianl FU lif¢ of Z¢tland Church. iii IhL Our Health and Safety Office had a very important role. There are, of course, too many to menlion. but thanks go to the many groups and their leaders within the church who all havc jobs to do and ¢arry them out diligently and reliably and who contribute to the life and witness of Zeiland. 2024 continued to be a difficult and testing year for everyone. Thank you to all who continued to supEKJrt Zetland Church in voluiiteering and helping where possible. Again. grateful, and sincere thanks. 2024 proved to k challenging regarding both attendance and financially. Th¢ congregation has struggled bui has maintained its payments for the Church's Giving to Grow payments despit¢ the increased fu¢1 costs and some property issues. We pray for God's guidance and will, to revive the congregation in this present climate of uncertainty.
Grangemouth Parkview Parh Church of Scotland fomierly known as Grangemouth Zetland Parish Church of Stotland Truslees, Report (eont.) Yeydr ended 31 December 2024 Financial Review The principal source of regular income for Grangemouth Zetland Patish Church of Scotland is fr¢ewill offerings made by members and adherents of the congregation and those involved with the congregational organisalions. In the afterniath of the COVID-19 pandemic, we have experienced lower in person attendance on a Sunday morning. In 2024 offerings amounted to £71,256, a slight increase of £2,155 or 31/ko from 2023. Total Gift Aid income was £12.99]. an increase of £400 or 30/• from 2023. The Social and Fundraising Committee held various successful events during the y&qr and our congregational organisations returned to more 'norn]al' activity in 2024. As a result. organisalions were able to transfer £9,673 to support the General Fund. Without this vital resource the congregation's General Fund would be reporting a deficit of £7.137. The Giving to Grow Contribution to the Church of Scodand is the main it¢m of expenditure for the congregation. During 2024 ihe final allocation was £50,334 and this requirement was met in full and within the required timescale. In 2024 heating. lighting, and insurance costs were met from the General Fund supported by a transfer of £1.883 from the Restricted Union Fund Reserve. Significant building maintenance costs of £19.060 w¢re incurred during the year, however this was partially offset by realising funds of £12.567 held on our behalf by The Church of Scotland General Trustees Oth¢r expendilure was retained broadly in line with the previous year. The market value of our investments with the Church of Scotland Investors Trust increased in 2024 with an unrealised gain on investm¢nts of £1 0,655. Investment Policy ad Perfonllance It is the policy of the trustees that investments should be held in fimds which are regarded as low risk and wilh ethical principles. Investments make up 760/0 of the total balances held by the congregation. The majority. (95 %), are held in th¢ Church of Scotland Investors Trust Growth Fund and intended for long-tenn investment providing capital groth whilst generating income for building and general purposes of the congregation. The remainÈn8 5 /0 are endowment funds held in the Church of Swtland Investors Trust Income Fund to provide immediate hkgb income for the general purwses of the congregation. A return of around 2.40/0 for both investment funds is anli¢ipat¢d.
Grangemouth Parkview Parh Church of Scotland fomiedy known as Grangemouth Zetland Parish Church of Scotland Trustw, Report (eont.) Year ended 31 Deeember 2024 Risk Management The trustees are responsible for the management of the risks faced by the charity. A risk management policy has been developed. The risks facing the church together With actions to mitigate these risks are discussed regularly at meetings of th¢ Ktrk Session. The main risks that the trustees have identified and the plans to manage those risks are: Buildings. The building is adequalely insured. and the day-to-day maintenance and specifi¢ upgrade projects are managed by our Property Group. Financial. Our financial position relies on the ability of our congregation to maintain a level of giving which allows us to pay our bills as they fall due. This risk is managed by regular reports to the trustees and the congregation and specific appeals to offset particular cost pressures. Lower attendance numbers since the COVID-19 pandemic has continued to impact on the income and reserves of the congregation. Measures implemented to mitigate include a focus on increasing the number of standing orders for freewill offerings and the promotion of Gift Aid scheme in the quarterly magazines. Health and Safety. Regular H&S reports are discussed at Kirk selOn meelings to ensure we continue to comply with health and safety requirements. The adoption of the Presbytery Plan for Grangemouth in early 2024 saw the union of the two former congregations of Grangemouth Abbotsgrange and Grangemouth Zetland parish churches with effect from l January 2025. The trustees of Grangemouth Parkview Parish Church of Scotland recognise that the challenges and uncertainty of bonding two congregations into a new church famtly may present a risk for future attendance numbers. Regular meetings of trustees are held to address these risks and communicate as much information as possible to the congregation. The trustee5 are satisfi¢d that the major risks identified have been adequately mitigated. Reserves Policy At 31 December 2024, the Church held total reserves of £171.000 {2023: £160.605) comprising endowment funds of £6,691 (2023: £6.63]). restricted funds of £104,700 (2023: £97,092) and unrestricted funds of £59,609 (2023: £56,882). It is the Trustees. policy to hold free reserves (unrestricted reserves noi held as fixed assets and excluding designated funds) of at two months. expenditure. At the year end the Church held unrestricted fimds of £59,609 (2023: £56.882) of which £16.462 {2023.. £15,156) has been
Grangemouth Parkview Parish Church of Scotland formedy knovm as Grangemouth Zetland Parish Church of Scotland Trustees, Report (cont.) Year ended 31 December 2024 designated for fabric repairs or benevolent purposes and ejthancement of the sanctuary and £10.360 (2023: £12,281) for the purposes of the congregational organisations identifjed in Note 14. The remaining balance of £32,787 (2023: £29,445). in the General Reserve represents approximately three months exnditure. £7.509 (2023: £6.862) is held as fixed asset investments, therefore the Church has free reserves of £25.278 (2023: £22.583). Structure, Governance and Management The congregation is a registered charity. number SC013114 and is administered in accordance with th¢ ternis of the Unilary Constitution and is subject to the Acts and Regulations of the General Assembly of the Church of Scotland. In preparation for union with other Church of Scotland congregalions in Grangemouth, the Kirk Session and ihe Congregation agreed to adopt the Unitary Constitution inNovember 2021. This was agreed by the Church of Scotland ai Presbytery and National Level, in February 2022. Since February 2022, all Zetland church congregational affaikS have been nwed via the Unitary Constitution. And so, in addition to spiritual matters, the Kirk Session also administers temporal matters. The use of the Zetland building. as the building for the united congTegatiOTJ was agTeed in the presbytery plan for Grangemouth in April 2024 and the union of two COnggatIOnS would be effected from l January 2025 with Rev. Alison Meikl¢ as the minister of the new charge of Grangernouth Parkview Parish Church of Scotland. The Kirk Session meets six times per year for ordinary business and is chaired by the Mod¢rator. Additional meetings are called as necessary. for example for the Admission of N¢w Members or the conduct of business prior to services of Holy Communion. Kirk Session rneetings have been held in-person. 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 th¢ appropriate gifts and skills. Additional members of the congregation are part of the Kirk Session, but do not have decision making abilities. Members of the congregation are invited to nominate individuals who are believed to have the skills and commitment to Contribute to the management of the church.
Grangemouth Parkview Parish Church of Scotlantl frIV known as Grangemouth Zetland Parish Church of Scotland Trn8te&s' Report (cont.) Year ended JI December 21124 Referenc¢ and Administrative Information Trustees - Kirk Session Mcmbers (as at 10 March 2025) io
Grangemouth ParkNiew Parish (hurch of Scotland formerly known as Grangem¢)Uth Zetland Parish Church of Scotland Truslees? Report (¢ont.) Year ended 31 December 2024 Tru$tee%- Kirk Se$gion Members (as at 10 March 2025, continued) Principal oifiee-bearers Minister- Session Cleft*: Church Treasurer: Principal Office Parkview Parish Churcl Formerly known as Zetland Parish Church. RonaIdshdy Cr¢scent. Grdngemouth FK3 9JH chlty Number SCOI 3114 Independent Examiner Bankers Royal Bank of Scotland, Falkirk Newmarket Street (C) Branch, 2 Newmarket Street (C) Falkirk FKI IJX li
Grangemouth parkN1 Parish Church of ScotSand forniety knrywn as Grangemouth Zetiand Parish Church of Scrtland Trustees, Report {conL) Year ended 31 December 2024 Trusttts, R¢sponsibilities in R¢l#tion lo thc Financial Statements The Inle¢S are reswnsible for preparing the trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Ac¢¢pt¢d Accounting Practice). The law applicable to charities in Scotland tequires the trustees to prepare financial statements for each financiaI year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing ihese finan¢ial statements, the trustees are required to: select suitable a¢counling policies and then apply them consistently. observe the methiKls and principles in the Charities SORP, 2019, (FRS 102). make judgmcnts and estimates that ate reasonable and pdent. state whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financia] statements. prepare the financial statements on the going coneem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for kccping accountin8 r¢cords that disclose with reasonabl¢ accuracy at any lime the fllH]cial position of the charity and enable them to ensure that the financial ststements comply with the Charities and Trustee Inveslment (Scotland) Act 2005, the Chariti¢s Accounts (Scotland) Regulations 2006 (&s amended) and the model Deed of Constilution. They are also responsible for safeguarding the ass¢ts of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for ihe maintenance and integrity of the charity and financial infomMlion on the congregation's website. Legislation in the Unitrd Kingdom governing the preparation and dissemination of financial statements may differ from Icgislation in other jurisdictions. ApproN'ed bv the Trustees and signed oll their behalf. 10 March 2025 12
Grangemouth Parkview Parish Church of Scotland 1medY known as Grangemouth Zetland Parish Church of Scotland Grangemouth Parkview Parish Church of Scotland, formerly known as Grangemouth Zetland Parish Church of Scotland SC 013114 Independent Examiner's Report to the Trustees of Grangemouth Parkview Parish Church of Scotland,fornJerly known as Grangemouth Zetland Parish Church of Scotland I report on ihe financial statemenls of th¢ ¢harity for the year end 31 t)ecember 2024 which are set out on pages 14 to 29. Respective responsibilittey of¢rn8tefs and examiner The chIty'S truste¢s are responsible for the preparation of the financial statements in accordan with the lemis nf the Charities and Tnistee Investsnent (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider ihat the audit reqUIent of Regulalion l O (l ) (a) lo (c) of the Accounts Regulation5 does not apply. It is my responsibility lo examine the financial staternents under seclion 44 (1) (c) of the Act and to slate whether particular mRtters have Come to my attention. Basis of iDdependent examioer's statement My examination is carried out in accordance with Re8ulation I l of the 2(K>6 Accounts Regulations. An examination includes a revi¢w of thc accounting records kept by the c]iarity and a comparison of the rinancial stal¢menis presenied with those records. It 2150 includes consideration of any unusual itein or disclosures in the financial statements and seeks ¢xplanalions from the truste¢s concerning any such matters. The pr(Kedures undertaken do not pn)vide all th¢ evidenc¢ that would be required in an audit and ¢onsequ¢nily I do nol cxprc5s an audil opinion on the view giveii by the financial 51alemeiils. Independent examiner's ststemenl In the cOue of my examination. no matter has come to rny altention, whi¢h gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records IT] accordance with Sectioll 44 ( I Xa) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations. and to prepare financial statements which accord with the accountin8 records and comply with Regulation 8 of the 2(X)6 Accounts Regulaiions. have not been met. or 2. to which. in my opinion. att¢ntion should bc drdwn in ordcr lo cnabl¢ a Fwopcr understanding of the financial statements to be rea¢heAI. I l March 2025 13
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Grangemouth Parkmiew Parish Church of Scotland formedy known as GranRemouth Zetland Parish Church of Scotland Bftl2nee sheet At 31 D¢¢cThbcr 2024 2014 2023 Not¢ Fixed A$5ets Tangible Fixed &sds Investmenis 129.595 129,595 118,940 CurreNI Assets t*0[5 and PrepaymenLS Bank and cLsh 10 15.057 31.075 46.132 13,777 32,681 46,458 Liabilitie5 Creditors falling due within one year li 4,727 Net Current Assets 41.405 41.665 Net A55ets 171,0(H) 160,605 The Fund5 of tb¢ Charity Unrestricted Funds General fiEnds Designated fi$ 14 32.787 26.822 29,445 59,009 104,7 6,691 56,882 97,092 6,631 Restrl¢ted Funds Endowmenl Funds 14 Totsl Funds 171,000 160,605 Tlie accoijnts w¢r¢ approved by ihe trusiees oil 10 Nlarth 2025 a])d si¥ned on tl)eii behalf by:_ 15
Grangem0h Parkview Parh Church of Scotland formerly known as Grangemouth Zetland Parish Church of Scotland Statement of Cash Flows Year ended 31 December 2024 Note Total Total 2024 2023 Net cash (ed in) operatlllg Aetlvitles A5 -5,032 31 Cash flows frnm tnvestiDg activities: Interest and dividends 3,426 2,905 Net 5kn provided by investiDg *ctiviti&s 3.426 2.905 Net 5b (outflow) tht ye4r 15 -1,606 Cash and c&8h equivalents brought forward 32,681 27,445 Cash and cash equivaleftts earried forwthrd 31,07S 31681 16
Grangemouth Parkview Parish thurch of Scotland formerty known as Grangemouth Zetland Parlsh Church of Scotland Noles forming part of the finan¢ial statements Year ended 31 December 2024 Accounting Policies The principal accounting FX)licies. which have been applied consistently in the current and preceding y¢3r in d¢aling with items which are considered material to the financial statements, are set out below. Basis of aceounting The financial statements have been preparnj on a going eoncern basis under the historical cost convention, modified to include certain items at fair value. Th¢ financial statements are presented in sterling which is the functional cUencY of the charity and rounded to the nearest £. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordan¢e with Charities and Trustee Investmenl {S¢otland) A¢t 2005. the Charities Accounts (Scotland) Regulations 2006, Accounting and Rcporting by Chartties.. Statement of Re¢omm¢nded Practice applicable to charities preparing their finalleial ststements in accordance with the Financial R¢porting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and UK Generally Accept Accounting Pra¢li¢¢. GoiDg concern These financial statements have i1 prepaTed the going concern basis which assumes that the charity will continue its 0ratiOnS. The Presbylery Plan for Grdngemouth was agreed in April 2024 and a union of th¢ two fornier congregations of Grangemouth Zetland and Grangemouth Abbotsgrange parish churches to forn? one new, Grangemouth Parkview Parish Church of Scotland was approved. The date of union was l January 2025. As the activities delivered by the chUh will continue beyond the union, albeit within one charity rather than two. Trustees consider it appropriate to pr¢p8re financial statements on a going concern basis. Income Income is reeognised when the charity has enlitlem¢nt to th¢ funds, when it j5 probabl¢ that the income will be tEceived, and the amount can be measured relxably. Donation5, legacie4 and similar incoming resoLErces are in¢lud¢d in lh¢ period in which they are receivabl¢. which is when the charity be¢om¢s entitled to the resource. Interest on funds held on dew)sit is included Wh receivable and the amount can be measured reliably by the charity. this is norn)ally upon nolificalion of the interest paid or payable by th¢ Bank. Expenditure Expenditure is recognised once there is a legal or Constructive obligation to make a payment to a tl)ird party. it is probable that settlement will be required. and the amount of the obligation can be measured reliably. Expenditure is accounted for on an &cmals basls and has been ¢lassified under headings that aggregate all cost related to the category. Where costs w]not be directly attributed to particular headings, they have been allocated to activities on a ba515 consistent with the use of resources. Expenditure on raising funds includes costs associated with generating income for the charity through freewill offering. Expenditure on charitable activities includes sts incurred in supporting the charity and its obj¢¢tives as set out in the trust¢es' r¢p)rt. Charitable expenditure comprise5 those costs in¢unrd by the charity in the delivery of its activities and service5 for its benefi¢iari¢s. It includes both costs that Can Allocated dir¢¢tly to such activities, those costs of an indirect natsre necessary to support them and an allocation of governance costs. 17
Grangemouth Parkview Parish Church of Scotland formerly known as Grangemouth Zetland Parish Church of Scotland Notes forniing part of th¢ financial statements Year ended 31 December 2024 Accounting Policies (conL) Fixed assets Tangibl¢ fixcd a&sets costing more than £3,000 are pIlIsed at cost and d¢preciated over their us¢ful economic lives at the following ras= Fixtures and Fittings lllvestments - 20ts/0 strdight line Investments are a fomi of basic financial instrument and are initially recognis¢d at their transactio value and subsequently measured at their fair valu¢ at the balance she& dale by reference to the Stock Exchan8¢ mid prices. Realised and unrealised gains and losses ore charged or crlted in the statement of financial activities. The charity has no complex ftnan¢ial instrumcnts. Th¢ main form of financial risk faced by the charity is that of volatility in the investtnent markets due to widereconomic conditions. Debtors Other debtots ar¢ recognised at the settlement amount du¢. Cxsh C&sh at bank includes cash and highly liquid short-t¢mi investments with a Enaturity of three months or less frotn the date of opening the deposit or similar account. Credi¢or$ provisions Creditojs and provisions are recognised where th¢ ¢harity has a present obligation resulting from a past event that will probably sIl in a transfer of funds to a third party and the amount due to settle the obligation can be measured or ¢stimated r¢liably. Creditors and provisions are normally recognised at their settlement amount after allowin8 for any trad¢ discounts due. Financial instrumellts The charity only has financial as%ts and financial liabilities of a kind that qualify as basic financial instrument5. Basic financial instruments are initially recognised at transaction value and subsequenily measured at their settlement value. Fund accounting Unr¢stri¢ted funds are funds con be used in accordance with the objectives of tlie organisation at the discretion of the trustees. D¢signated funds are unreslricted funds set aside by the trustees for splfIC future purposes or projects. Restricted funds are funds that ¢an only be uscd for particular restricted purposes within the objectives of Ihe organisaiion. Restrictions arise when Slfied by the donor or when funds are rnised for particular restricted purposes. Endowment fund5 are funds which have been given on the condition that the original capitsl sum 15 not reduced. but the incom¢ there from is used forthe purFXW defined in accordance with the objects of the charity. 18
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Grangemouth Paikvtew Parh Church of Scotland formerty known as Grangemouth Zetland Parish Church of Scotland Notes forming part of Ihe financial $ltements For th¢ year ended 31 De4Ymber 2024 Staff eosts and numbers 2024 2023 Gr05s salaries 12,125 11,540 Total 11,540 The average numb of ernploy¢¢s during the year. ¢alculatsl on the basis of a head ctyJr]L was as follows: 21)24 2023 Music staff Prernises maintenance No employee had employee nefIts in excess of £(rf>,(KM) (2023 nil). All Church of Scotland congregations ¢ontriEMtte to the National Stind Fund which traT$ the costs of all Ininis(ers' stipends and employerfs contrTbutii)ns for naiional irtsurnncq pension and housing and loan fund. Ministers, Stipends are paid in accordance with the n&ional Stind scale. which is related to years of s¢rvi¢e. For the year uRder review the minimum stipend was £31.642 and the maximum stipend lin the fifth and subsequent yurs of service) £38,884. Truytee R¢muntrtioTr and Related 7 Party Transaction During 2024 iv re1Mr$ement of expenses of £658 for the manse telephone and broadban (2023.. £624}. I ments for the manse of £3.574. {2023: £3.487.) and ministe15 trav¢1 expenses of £3,750, {2023'. £2.650) were mei by the congregion_ In ld[tIon, one. (2023.. one). trustee received remuneration totalling £5.581. (including any income tax applicable). (2023= £5.58 I). Mr B Millar received £5,581. (2023.. £5,581) for providing s¢rvice5 as an Organist. No other payments weJY made to trust¢es, No payments were made io the close re]atives of trustees f any other worl (2023-. Nil). No ttustee or a person relat to a trLL8iee had any per50na] inrest in any contract or trai)s&ction ent¢r¢d into by the charity in the YLW. (2023= Nill. No materia] reimbur5em¢nt of exwses or paymenl of fees to trustees for services Novided but declined by those trustees. (2023.. Nil). During 2024 an esrima*d 181 of £22.466 w&8 donated to the rgregatiOn by tn]stees. (2023..£29J46). 21
Grangemouth ParlNiew Pari%h Church of Scotland formerly known as Grangernth Zetland Parish Church of Scotland Notes forming part of the financial statements For the year ellded 31 Decemljer 2024 8 Tangible Fixed Assets Fixlures. Fittings Equipment Cost At l January 2024 76.404 Additions Disposals At 31 December 2024 7&404 Accumulated Depreciatll At l January 2024 76.404 Charge for year Eliminated on Disposals At 31 December 2024 76,404 Ne¢ Book Value At 31 December 2023 At 31 De¢¢mb¢r 2024 Note: All tangible fixed assets held by the Congregation prior to 2007 had been fully depreciated and their StS and aggregate depreciation are not reflected in the note above. 9 Investments 2024 2023 Market vallle 31 December 2023 118.940 110,427 Unrealised gain on investments 10,655 MaTket value at 31 Decemb¢r 2024 129 595 118,940 Investments at cost 62,851 62,851 22
Grangemouth Parkview Parish Church of Scotland formerly known as Grangemouth Zetland Parish Church of Scotland Notes forming part of the fwaneial statements For the year ended 31 Ikeember 2024 9. Investments (¢on¢.} The followi8 investrnents held: Investments with Chureh of Scotland Investors Trust- Growth Fund:. Market Value Market Value No. of Units At Cost 2024 2023 UDrestrkted Fllnd$ Gen¢ral Reserve Fund .177 4.861 7.509 6.862 Special Sanctuary Fund 1.937 12,358 11.293 12,861 No. of Ults At C05t 2024 2023 Restricted Funds Union Fund 16.150 103037 94,154 Investments with Church of Scotland Investors Trust- Income Fthnd:_ Market Value Market Value No. of At Cost 2024 2023 Endowment Funds Grdce Gordon Christie Memorial Fund 450 2.101 4.977 4.932 Combined Legaci¢s Fund 155 1.401 1.714 1.699 6,691 6,631 Tot#l lTrYestments £62.851 £129.595 £118,940 10 Debtors 2024 2023 Sundry Debiors and Prepayments Gift Aid Tax Recovery 2.132 1,244 12.925 15,057 13,777 23
Grangemouth Parkview Parish Church of Scotland formedy known as Grangemouth Zetland Parish Church of Scotland Notes forniing part of the financial statements For the year ended 31 Decernber 2024 I I Creditors 2024 2023 Independent Exafftiner5 Fee Sundry Cre41itor5 1,320 1,080 3,407 3.713 4.727 12 Analysis of Net As*t5 AmoDg Fund$ 2024 General Deslenated Restricted EThdowment Total Fixed Assets Inve5tm¢nts 7.509 12.358 103,037 6.691 129,595 Cuent A%8ets 29.333 15.136 1,663 46,132 cU¢t LiabilÈties 4.055 -672 4.727 r4et auets at 31 De¢ 2024 32.787 26.822 104.700 6,691 171,000 Genernl DesigDated Restrirt¢d Endowrn¢Dt Total Fixed Assets Investments 6.862 11293 94.154 6.631 118,940 Current Assets 27,(M2 16,478 2,938 46.458 Current Liabilities 4,459 -334 4.793 Net assets at 31 Dec 2023 29.445 27,437 97,092 6,631 160,605 13. Volunteers In common with all congre8ations of th¢ Churth of Scotland theC0neg10n benefits fr(rtn the coniribuEion made by volunteers who give their tiEne atad talents willingly for the nefIt of the Church. The areas of congregational life which rely on the contribution of volwiteers are many and varied and much of the activity would be unable ts) continue wer¢ it not for the cotnmitment shown. 24
Grangem0h Pathiiew Parish Church of Scotland forfnerly known as Gran8emouth Zetland Parish Church of Scotland Notes forniing part of the financial statements For the year ended 31 Decernber 2024 14 Movements in FuTrds Atl JaThugry 2024 Income and At31 December Eipenditurt and Lths G*itt$ Transfers 2024 Endowment funds Graee Gordon Chrisiie Memorial Fund 4.932 45 4,977 Combined Leg¥i¢s FutKi 15 RestrÉcted funds Developmem Fund 17 1.016 Union Fund 94,155 11.063 -2,180 103,038 Union Fund- Bank of Scotland. Grangemouth 1,938 -3,472 646 Unrestricted funds General Fund 103.756 -110.893 7.137 Generdl Re5¢rv¢ Fund 29,445 2.536 32,787 32.787 29.445 104,562 -110.893 9.673 Designated Funds: Fabric Fund Special Sancmary Fund 15,153 955 1.396 16.459 Guild 5.077 -3.645 -500 1,887 Choir Musi¢ 1.627 62 324 -343 1,608 64 Stitchers -30 -350 Sunday School 348 30 -55 -323 Youth Club 873 873 Social and Fundraising AUnt 4.634 -5 651 Tea and Coffee Fund 3,472 310 .652 1.979 -185 4.939 Tiny Tots 1.451 -5(K) 338 27.437 26.822 56 882 120.011 -117284 59,609 Total funds 160.605 131.151 -120.756 171,000 25
Grangemouth Parkview Parish Church of Scotland formerly known as Gran8emouth Zetland Parish Chtjrch of Scotland Notes forniing part of tbe financial statements For the ytar ended 31 December 2024 A4 Mov¢ments in Funds {eotht.) Ineome and GaiTrs At31 December 2023 January 2023 Exp¢Dditure aDd Loss Transfers Endowment funds GTace Gordon ChrÈstie Memorial Fund 4,761 4.932 Combined LegacTes Fund 1.640 59 6,401 230 Restricted funds Development Fund 987 12 999 Union Fund Union Fund- Bank of Scotlan Grdngemouth 87211 8.882 1.938 94,155 88.198 8,894 UnrestTlCted funds G¢n¢ra] Fund 85,603 -91413 6,810 Generai Reserve Fund 31.808 31,808 86250 647 -3,010 3,800 29.445 29,445 -91413 Deslgn*t¢d Funds: Fabrtc Fund Special Sanctuary Fund Guild 14,131 546 -90 -2,618 15,153 955 3,827 -800 Choir Musi Stitchers 1.689 49 336 343 -398 -30 1,627 62 -300 Sunday S¢hty)I 215 348 Youth Club Social and Fundrdising Acc(Mmt 873 391 873 4,634 6,71NI 457 -2,(K)O Tea and Coffee Fund Tiny Tots 2.181 63 1,338 2,190 16.061 47 -1.243 4.937 3.472 310 -700 -3.800 20.113 51,921 102,311 -97.350 56.882 Tot41 funds 146,520 111.435 -97.350 160.605 26
Grangemouth Parkview Parh Church of Scotland formerty known as Grangemouth Zetland Parish Church of Scotland Note8 forniing part of the finaneial statements For the year ended 31 Deetmber 2024 14. Movement in Funds (toNL) ses of Endowment Funds Income from the Grace Gordon Christie Memorial Fund is io be used f(* the ongotng work of the church. Income fri1 the Combined Legacies Fund is to used for ihe ongoing work of the church. ses of Restricied Funds The Developm¢nt Fund was originally established for 2 purposes, firstly the renewal of the church lighting system which was complered in 201 l and secondty for Work with th¢ ¢ld¢rly and with young FKoplc for the development of congregational life. Union Fund- This is the capital sum realised by the sale of a Church Building amd Manse on the union of 2 fornier congregations. Restrictions are i[nsed by th¢ G¢nera] Assembly of the Church of Scotland whereby this nd may only be used for property fflaintenance expendilure. Union Fund- Bank of Scoiland. Grangernouth.. This fid i5 th¢ income from the Union Fund aErf>ve and again can only be used for propetty maintenance expendtlutE due to restrictions imposed by the General Assembly of the Church of Scotland. In 2021 the otrice of the General Trusiees advised building cost5 including heatin& lighting and insurance may also be fimded from Ihis restrided nd. Energy and insurance cost5 of £1,883 and building maintenance costs of £1.589 were paid from the UnTron Fund in 2024. Pu ses of Ullrestrict¢d tksi nated Funds General Reserve Fund: The Trustees have set astde this fi]T¥J to supwrt cash flow for the general account of the congregation. Fabric Fund.. The Trustees have set aside funds for the maiE]tenance of the church property. Special Sanctuary Fund: The Trustees have set aside fund5 for nev0]ent purposes and the enhancelnent of the Sanctuary. The remaining designated funds have been set &%ide for the pr)seS of th¢ (gregatIonal organisations which hold them. Transfers t£tween fvnds Transfers from designated funds to unrestrirted fi&nds represent contributions from the various church groups to the Church ilself. Transfers between restricied funds rewegent th¢ transfrr of income generated on assets held within the restricted fund. 27
Grangemouth Parkview Parish Church of Scotland formerly known as Grangemouth Zetland Partsh Church of Scotland Notes forming part of the financial statements For the year ertded 31 Decemlxr 2024 Reconciliation of net movement IN fund5 10 15 net 5h flow from operating activities 2024 2023 Net movement in funds 10,395 14.085 Add back depCiatIOn charge Deduct interest income -3,426 -10.655 -1.280 -2,905 Deduct gains on investsnents ladd back losses (Incre&se} l De¢r¢ase in debto (DecreA5e) I Increase in crediioi .8,513 1,775 .66 1,439 Nei cash used in operating aciiviti&% -5.032 Analysis of Chang in net funds At31 December January 2024 Cashflows 2024 C8sh and cash equivalents 32.681 -1,606 31,075 16 Collections for Third Parties 2024 2023 Christian Aid 195 580 Christian Aid Middle Fast Humanitarian Appeal 303 CHAS 303 128 Red Cr05s Appe*l 170 Strathcarron Hospice 342 Grangemouih Community Care 122 801 lJ42 Collections for third parties are paid over direci to these organisations and are iherefore rellected in these accounts.
Grangemouth Parkview Parish Church of Scotland formerfy known as Grangemouth Zetland Parish Church of Scotland Notes forniing part of the fJnan¢ial slalements For the year ended 31 December 2024 17 Operating Lease Commitments The charity is committed to m¥king the following payments under non•LwKellable operating lease of a photocopier Equipment Eq1pment 2024 2023 Wtthin one year 370 370 Betwttn two and five years 370 370 740 18 Events after th¢ reporting period Ev¢nts after the reporting rm)d 3r¢ wnsId¢r up to the date on which the Accounts are authorised for issue. Th¢ Presbytery Plan for Grdngemouth was agreed in April 2024 and a union of the two fomier congregations of Grangemouth Zetland and Grangemouth Abixjtsgrange rish churches to fonn one new, Grangemouth Parkview Parish Church of SlIand was approved. The dale of union was l January 2025. 29
Grangemouth Parkview Parish Church of Scotland formerly known as Grangemouth Zetlan¢J Parish Church of Scotland APPENDIX FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES 2024 2023 CAPITAL ACCOUNT Cr¢dii Balance5 held at 31 tkcemb¢r #t cost Market Value of Batances & 31 D¢cember Cons. Fabric Fun(kCap (11) REVENUE ACCOUNT Credit Balance at 31 Decernr 122