REGISTERED CHARrrY NUMBEL. SC013403 rt of the Trste and Un4Mdited Financial Statements for tht Ye#T Ended Jlst A ust 2024 for H•] Trinlty Cbur¢b
Hol Trlni Church ConttDts of th¢ FinaD¢i#I Stsl¢ments for tbe Year Ended 31st Au usi 2024 Page Report of the Trustees I to 3 Independent Examther's Report Statement of FRDoclal Aftivities Bg18n¢e Sheet Notes to tbe FiDndal S¢4tements 7 to 11 Det#iied Ststsment of F#¢1*1 Aetlvltfies 12
Hol TriDi Church Re rt of the Trustees for the Year Ended 315t Au ust 2024 We are a smo11. friendly congregation whose obje¢tive is to advan¢¢ the mission of th¢ Christian Chwch whi¢h is io glorify God by PrlaiMinS the G(d News of J¢sus Chnst and througb ¢ncouragin8 all p¢ople to have a p¢tsottal r¢lation5hip with Him and manb¢rship ID His fatlly, supporting ¢xistitL8 ¢hur¢b m¢mb¢r5 by worship and prayeT alld also encouTaging n¢w members to PaTti¢ipate in the lifc of the church.. Th¢ D)¢mb¢rs of the V¢sty pr¢sent their annual report together with the fwwu¢i818tatements for th¢ y¢ar ¢nded 31st August 2024. ORIEcfIvEs AND AcrIvrTILS A¢hlevem¢Dts Perform#n¢¢ The Church coniinues io mak¢ its facilities available for we and PTovide worship for the whole commullity. Plans for fu¢ur¢ periods The Vesty will contiDu¢ its range of present activities ill the for¢wabk future. Volunteers The Vesty is gratefijl for the lime fT¢¢ly giv¢n by a large llumber of volullteers withoul whom ¢h¢ urth would be utthle to operate and undertake n]aDy of its activiti¢s. FANC REvw Fitt*neiAI Review A loss of £2,039 aros¢ during the year (2023 loss £9,360). FUTVRE PLANS The Vesty has adopted a policy of trying to maintain a l¢v¢l of UDr¢StrI¢t r¢s¢rY¢s that, in the event of a signific1 diop in iticome, the Chureh would be able to maintain its curr¢nt l¢v¢l of activities (or a reasonable period until repla¢¢m¢nt fundin8 is obtained. STRUCTURE, GOVERNANCE AND MANAGEMKNT Struttllre & Governance In tern of ChaJities and Trustee lThvestment (Scotland) Act 2005 And th¢ Charities Accounts (Scotland) Regulations 2006, the Veslry rewTrrts to th¢ congregation as follows.. Holy Trinity Episcopal Chur¢h, Kilmamo¢k is a registered Scottish ChaTiry (SC013403). It is a member of the Diocese of Glasgow & Galloway of th¢ Scottish Episcop81 Church and is in full COllllllUDiOn with th¢ Worldwid¢ Anglican Chur¢h. The 5upcrior authority 15 the Bishop of Glasgow & Galloway. All of its affaiTS are governed by th¢ Vwty. Pag¢ I
Ho TriDI . Chur¢h ort of the Trustees for tbe Year Ended 31st Au st 2024 STRUCTiIRE, GOVERNATrICE AND MANAGEMENT Appointmelll ofvestry Members V¢sty memb¢T5 ar¢ ¢l¢¢ied or t4ppoini¢d by ADThual G¢n¢ral Me¢tin& established by Constituiion and und¢r Canon Law of th¢ Scottish Episcopal Church. Ther¢ is no fottoal induciion progtamm¢. but ongoill8 guidan¢¢ is 8tYeD 10 ellsure that v¢sty tnembers are familiar with the Church's values, Aims aDd respollsibiliti¢s as the designated trustees of a charity. Administrallve Structure It is the duty of th¢ Vestsy to nunag¢ the tempoTal affairs of th¢ ¢on8regalioD with TPonsIbl11ty to ke¢p th¢ fabric and prop¢rty of the Chu and other buildings in good working order and to look after tbe finances of th¢ church. Cbarltable Objettives and At¢fvltl¢$ Th¢ ChuTch's principal activiti¢$ include public worship ill wrament and praycf, Christian cdueali0 cbaTitable work and raisin8 for local, national and international need& so¢ial m¢¢tings. predomillately of th¢ Yout the elderly and many Mmunity groups ofall age6. Rlsk m#Dggement Th¢ V¢$try caleS Out risk manag¢m¢nt review5 order to identify attd to tske action to mitlgate such risks including- I. COVID-19 pand¢mic and the itnpact on funds and Worship 2. Falling incom¢ 3. Ageing coll8r¢gatLOlI - in tommon with r(w)y chur¢h¢s, Holy TTinity has an kg¢itig eollgregation and recognises the need to engage with younser people. REFERENCE ATrID ADMINISTRATIVE DETAILS Reglstered CbArfty number SC013403 Page 2
Hol Trlni Cbur¢b rt of th¢ Trnstees for the Year Kded 31st Au tyst 2024 REFERENCE AND ADMINISTRATIVE DETAILS IlldependeDt Examiner Approvcd b}. older of ihe board of trust¢¢s on 24 Nov¢mb¢r 2024 and signed on its behalf by: Pagg 3
Inde endent ExamlDer's Re rt to the Trn$tees of H4Jl TriDlii' Cbur¢h I report on the a¢couDts for the year ended 31 st August 2024 set out pages five to ¢l¢v¢n. Th¢ ¢baTity'S ttwt¢¢s are responsibl¢ for the preparation of the accounts ]]} accordanc¢ with the tenns of th¢ Charities and T$1 ItLvestm¢nt {Scoiland) Aci 2005 and the Chariti¢8 Accounts (Scotld} Regulalions 2006. The charitys ¢rustK5 Consider Ibat th¢ audii requir¢m¢DI of Regulation 10(I)(a) to (c) ofthc A¢¢ounts RegulatiODs does not apply. It is my responsibility to examine th¢ a¢¢0 as requircd under Section 44(1)(¢) of the Act and io $ta(e whcth¢r particular matters havc comc to my attention. BASIS of tbe Independent examiner'$ report My examination was ¢arried out in accordan¢¢ with Regulation I l of th¢ Chan"ties Accounts (Scotland) Regulations 2006. An examination iD¢ludes a review of th¢ accounting records kept by the ¢harity and a compari50n of the accounts presented with tho$¢ r¢cords. It a150 includ¢s Consideration of any ullu$ual iten)s or disclosw¢s in the actounrs and seeking explanations from you as tn¢¢$ couceming gmy such matters. Th¢ protsduies undertaken Ik> not provide all the evidence that would b¢ requir au audiL and ¢oDs¢qu¢ntly I th) not express aD audit opinion on th¢ view given by th¢ accounts. IndepeDdent examlDer'5 $t4tem¢nt In conuection wilh my examination. matter has come to my attention.. (l) which giv me reasonable cause to beli¢v¢ that, in arly rnaterial rt5peeL tbe requirements keep ac¢outtting records in accorda¢ with Stion 44(1)(a) of th¢ 2005 Act and Regulation 4 of the 2006 AOUnts Regulations; and to piepare a¢¢ounts which a¢¢ord with the a¢countiThg rxords and to comply with Regulation 8 of the 2006 Accouthts R¢gulatlODS have not been meE or (2) to which. in my opiniott. attention should be drawn iti orderto enablc a proper understanding of th¢ aOUnts to reached. Date 24 Novemb¢r 2024 Page 4
Hol TriDit Church t#temellt of Financial Actlvities f rth Ye rEnded Au ust 2(1 2024 Total fund$ 2023 Total funds UnT¢stsi¢trd Re5tri¢t¢d fiwd Note8 INCOME AND ETr4DOWMENTS FROM Donations alld legacies 34?31 34J31 35.225 Fwiitr4ising artivilies luve$tm¢nt iD¢ome 3J71 6,566 3,571 3,671 2.630 Totsl 44,468 44.468 41,526 EXPENDITURE ON Charhable Activities General 4Q507 46,507 50,886 NET INCOMEI(EXPENDITURE) (2,039) (2.039) (9.360) RECONCILIATION OF FUNDS Totsi funds brought forward 28J62 10,000 38,362 47,722 TOTAL FUNDS CARRIED FORWARD 26 36 The notes forni part of thes¢ financial statcmellts Pag¢ S
Hol Trthit Cbur¢h e Sheet 1st Au 2024 Total fwids 2023 Totsl funds Unrestrici fid R¢stricted fund Notes CURRENT ASSETS DebtOTS Inv¢slments Ch at bank and in knaDd 4,IMIO 26,434 4.000 36.434 4.540 40,288 19,894 10,000 43,1174 10,0 53,1174 fv1,722 CREDITORS Amounts falling duc within on¢ y¢ar {16,751) (16,751) (26,360) NET CURREI¥T ASSETS 26J2J TOTAL ASSETS ISs cuRREr L1Es 2,323 36J23 38,362 NET ASSETS FUNDS unreStritd fjjnds Restricted funds io 26J23 28.362 10.000 TOTAL FUNDS 36 38.362 The financial statements were approved by th¢ Board of TThst¢cs and authorised for issue on 24 Ntsvetnber 2024 and w¢r¢ signed on its behalf by-. Tbe notes forni part of Ibese fioan¢ial 5tatem¢nts Page 6
Hol Trinit Church Notes to the Ymandal Stat¢men*s for th¢ Year Ended 31st Au ust 2024 ACCOUNTING POLtClES Basts of preparlllg th¢ fmantial staiem¢nts The fmancial slatements of ihe chariry, which is a public benefit ¢ntiry under FRS 102, have been pr¢Par in acctsrdance with th¢ Chariti¢s SORP (FRS 102) 'Accounting and R¢porting by Chariti¢s: StaÉem¢nt of Recon)mend¢d Pra¢tice applicabl¢ to eharities preparing their a¢¢ounts in accordall¢e with the Financial Repotting Standard applicable in th¢ UK and Republic of Ir¢laud IFRS 102) (effectiv¢ l January 2019),. Finan¢ial Reporting Standard 102 The Financial Reportin8 Stalldard opplicabl¢ in the UK and Republic of Ireland, and the Chariti¢s and Tnree lThv¢stm¢nt (S¢otlalld) Aet 2005. Th¢ finaDcial statements have been prepared under th¢ historical cost Convention. In¢om¢ All in¢om¢ is recognised in the Stal¢m¢nt of FiJwLcial Activits"es once the charity has ¢lltid¢metst to the fijnds. it is probable that the in¢ome will be received and the amount can be measurcd T¢liably. ExpeDditure Liabilities are recogrAis¢d os ¢xp¢nditur¢ soon &s there is a legal or construeiive obligation committing the charffity to that expenditure, it is probabl¢ that a traosf¢r of economic benefiis will bc required ill settlement and th¢ amount of the obligatioll can be measured reliably. Expenditure is account¢d for on an ac¢tuals basis and has been classifi¢d undcr headings that aggregate all cost r¢lated to the cat¢gory. Wh¢r¢ wsts Cannot be dir¢¢tly attribut¢d to parti¢ular headings, they have b¢en allocated tts activities on a basi$ ¢Olk81Slent Wlth th¢ u$¢ of resources. T8xatlon The clwity is exempi from tsx on its cItstitab ¥tivities. FUNDRAISING ACTIVITIES 2024 2023 Fundraising a¢tiviti¢s INVESTMENr Ir4COME 2024 2023 Int¢r¢st rcly¢d Gain on sèle of itivestments 2,419 2,630 TRUSTEES, REMUNERATION AND BENEFITS There were no tnjstees, remunerdtioo or other benefit$ for the Y end¢d 31$t August 2024 nor for the year end¢d 31st Augusi 2023. Trustses, expenses There wer¢ no truslees, expenses paid for tbe year ended 31stAugu$t2024 nor for the year eDdcd 31st August 2023. Page 7 continued...
It , Churc Nott5 ts the Fin4nci%l Sttements- continued for the Ye3r EDded 3151 Au ust 2024 COMPARATIVLS FOR THE STATEMENT OF FINAI¥CIAL ACTIVITIES Uw¢stricted fimd Restri¢t¢d fulld To¢al fvllds INCOME AND Ef4DOWMENTS FROM Donations and lega¢i¢s 35,225 35,225 Fundraisillg activities InvcslD]¢nt iti¢om¢ 3.671 3.671 2,630 Tot1 41,526 41,526 EXPENDITURE ON Charitsbl¢ Aetlvfitles General 50.886 50,886 NET INCOMEI{EXPENDITURE} (9,360) (9.360) RECONCILIATION OF FUNDS Total brought forw*rd 37,722 10,0 47.722 TOTAI. FUNDS cARRD FORWARD 38.362 DEBTORS: AMOUNTS FALLIPIG DUE WITHIN ONE YEAR 2024 2023 Other debtors 4.00 CURRENT ASSET INVESTMENTS 2O24 2023 SEC Unit Trust Pool (cost) 36,434 40288 Markn value at 31st August 2024 £74,727 (2023 £75,742). Pag¢ 8 continued...
Hol Tritiit . Church o¢e5 to the Flnancial Statements- contilled for tbe YeAr EDded 31st Au u$t 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Other ¢r¢ditors 268 9,877 268 9.877 LOANS An analysis of the nMturity of loans is giv¢n below: Thc loan from the Diocese ofG]a5gow G8llow&y towards the paTsonag¢ r¢novation woks is interest free. Its stat5 will be reviewed by th¢ Dio¢¢s¢ on or before 30 September 2024 2024 2023 Atnoullts fallitig due within on¢ y¢ar on d¢llnd. Other loans IA483 16,483 MOVEMEf4T ITr4 FUNDS movement iti fullds At 31.8.24 At 1.9.23 Unrestrieted funds General fimd 28J62 (2,039) 20J23 RestrAe¢ed fwids L¢ga¢i¢s 10,000 io,o(fyo TOTAL FUTrIDS 36 2 039) all rllov¢ment in fimds, included in the above are as follows: Incoming resources Resoure¢s ¢xpended Movement in funds Unrestricted funds General fund 44.468 (46,5117 (2,039) TOTAL FUNDS 44,468 46 5117) 2,039) Pagc 9 continued...
Hol Trinit . Church Notrs ¢0 th¢ Financlal Statements- contiDued for the Year Ended 31st Au ust 2024 io. MOVEMENT IN FUNDS- contlnu¢d C•mparatiYes for movement in fwids Nrt movem¢nt in funds At 31.823 At 1.9.2 Unr¢5tricted funds General fuud 37,722 (9.360) 28,362 Restrlcted fmnds L¢gacics 10,o(M) 10,000 TOTAL FUNDS 47,722 Comparativ¢ net movement ITh fimds. included in the ab)ve aTe as follows: Incoming resources Rcsourccs expended Movemellt in fjjnds UDrestrieted fuLd$ General fill 41,526 (50,886) 19,360) TOTAL FUNDS 41.526 50,886 9.360) A current year 12 months ADd prior year 12 months Combined position is as follows.. Nel movement in fiaS At 31.8.24 At 1.9.22 UDrestricted funds GelleraR fimd 37.722 (11,399) 26,323 R¢4trlcted funds Leg¥ies 10.000 10,000 TOTAL FUNDS 47,722 38,323 A currellt year 12 months and prior year 12 months eombin¢d net movem¢nt in funds, illclud¢d in the abov¢ are as follow$'. In¢oming resources Resources expended Movement Unrestrieted funds General fijlld 85.994 (97,393) (11.399) TOTAL FUNDS 97,39J 11.399 Page 10 ontinued..
Hol Trini . Chureh Notss to the Fill4¢11 Sttements- ¢olltlDued for the Year Ended 31$¢ A ust 2024 ii. RELATED PARTY DISCLOSURES Th¢r¢ woe no r¢lat¢d party transa¢tioll$ for th¢ y¢ar cDd 31st August 2024 or for ¢h¢ pi¢vious year. Pag¢ll
Hol Trinitv Cburth Detalled SttekDen¢ of Finanel81 A£tivits¢$ for the Ye&r Ethd 31st Au st 2024 2024 2023 ¥COME AND ENDOWMENTS DoDatlODS #nd Itgacies Donations r¢¢eived Gift aid Stipettd support 311J31 4,11110 30.228 4,997 34,331 35,225 Fundralslng adivities Fundraising tIvitI¢$ 3571 3,671 Investment income Intcrcst Te¢¢ived and gaiti on sale of investsnents 6.566 Total itie•ming e$0ree9 44,468 41.526 EXPENDITURE Charltable ctlvltleg Rector ¢osts Diocesan quota Prop¢rty r¢pairs Insuranc¢ Athinistrativ¢ ¢xp¢us¢$ H¢2t. light cleaning Rates 18340 2,223 7.611 4,527 3,006 7,991 16,164 2.422 15.348 3,802 5.258 5,744 2,148 50.886 Total resources expended 46.507 Net incomel(exp¢Ddltur¢) 9.360) This pag¢ does not fonn part of the st8Thitory fanCial $tatern¢nts Page 12