POLLOKSHIELDS CHURCH OF SCOTLAND GLASGOW RECEIPTS AND PAYMENTS Accouwrs FOR THE YEAR ENDED 31ST DECEMBER 2023 Congregation No: 160987 Charity No: SC013690
Pollokshields Church of Scotlalld, Glasgow Receipts and Payments Accounts FOR THE YEAR ENDED 31ST DECEMBER 2023 Contents Page Reference and administration infoTmation rrustee5' annual report Independeni exatninevs report lo the trustees of Pollokshields Church of Scotlani Statement of financial attivities (including income and expenditure account) Balance sheet Notes to the accounts
Pollokshields Church of ScotlaDd, Glasgow Trustees, Annual Report FOR THE YEAR ENDED 31ST DECETrIBER 2023 The Irustees present the annual TCPOrt and accounts for the Pollokshields Church of Scotland for the year ended 31 December 2023_ Reference and Administrative Information Charity Name: Pollok$hields Church of Scoiland, Glasgow. Charity Registration Number: SC013690 Congregation Reference No.. i Kn087 Contact Addre5S: Trnstte The Trustees ar¢ the rnembers ofthc Kirk Session. They are li5t¢d on ihc auachcd notes alonD with a ststement of their responsibilities with regard lo the church finances Principal Office-bearers Minister Session Clerk Church Treasurer Independent Examiner Bankers Bank of Scotland 236 Albert Drive. Glassow G412NL Investment Managers The Church of Scotland Inv¢stors Ttust 121 George Street Edinburgh EH2 4YN Page I
Pollokshlelds Church ofs¢otland, Glasgow Trustees, Annugl Report FOR THE YEAR ENDED 31ST DECEMBER 2023 Stru¢tllT4 Governance and M8nagemept Governin¥ Documetti The Church is administered ij) accordance wlth th¢ ternls of the Deed of Constitutton (Unitary Form). R¢cTUltmellt and Appolntment of Trustees Members of the Kirk Session are the charity trtLSte&s. The Kitk Session member5 are the elders of the Church and are ¢hos¢n from those memb¢rs of the church who are considered to have the appropriate gifL8 and skills. The minister. who is a mernber of the Kirk sessio is elected by the congregauon and induct¢d by Presbytery. OrgaDis#lional Strnctur£ The Kirk Se95ion which meets nine time5 per year is responsible for both spirithal affairs within the church and the financial managmeni of it's affai. Certain other responsibiltties are d¢le8aled to ihe Finance Group and the Property group es appropriatr. Objettives #nd A¢tÉYitie5 The Church of Seoiland is Trinilarian in doctrine, Refornied in tradition and Presb)¢erÈan in polity. It exists to glorify God and io work for the advancem¢nt of Chrtsvs Kingdom throt]ghout the world. As a national church. it acknowledges a distinctive call and duty to bring ordinances of religion to the people in ev¢ry parish in Scotland through a territorial minis. It c(Kiperales with other Church¢5 in VgTiOUS e¢uTnenieal bodies in Scotland and b¢yond. Aehievements and P¢rforni#bre PTe5bytery Planning 2nd the fviure of the congregation dominated our WOEk throllgh the year resultin8 in our published place in the Presbytery Plan as being the dissolution of the church and parish at the end ofthe pre5¢nt ministy. This radieally ehanged the outlook of the congregation and much has had to be Tefocused on what i5 a'good ending" rath¢r than a rcvitalisation Of our mission and ministry in the comrnunity. The continued frustraiiot] ofnot being able to Complete the works to allow the sale ofchurch House only adds to our financial constrains and thu5 w¢ were not able to pay in full the new 'Giving to Grow" in 2023. However the continued 5UPPOrt of the congregatiOTTr for one another. partic12rly at 8 time when oifice b¢4rers had a gr¢at deal of persollal health atxd family m&tt¢rs to 8ddw. demot]strates its life and vttality. PAge 2
Polloknhields Church of Scotland, Clasgow Trustees, Annual Report Structhre, Governance and M4Dag¢menl FiN¥ncial Review 20231 Budget 2024 On goin8 i$5ues with the forniat ofpresenwion of accounts for 2022 mtsnt a detay in presenting the ac¢ounts until 2025. The bud8ei for 2024 set by the Finance CommÈttee acknowledges the continued challeng¢s in meeting both outsianding Ministry and Mission costs and risin8 energy ¢ost5. Funds will be drawn down from reserves to address these matters and advice is being sought on further ways to increa5¢ revenue. Once again w¢ hav¢ applied for variance io how Giving to Gr¢)w is paid. but expe¢1 do that in fi]11. utili5ing reseryes. The rise in tntlation gen¢Tally means we need to ask the congregation to be more 8encrous when (hey are facing financial ehallenge5 in their everyday lives and the reality is that ev¢n the rnost commÉtt¢d small tnembership cannot sustain the required l¢Yel of givillg even after the sa]e of assets addrew ¢urremt issues. Rer¥e$ Polity At the year end, th¢ church held toral funds of £21.975 of which is unrestricted knds of £1.813, restrieted funds of £17.995 and endosvm¢nt fund5 of £2.167. Unre5tri¢t¢d geEterdl fund5 of £1.813 which is needed for unfores¢¢n repair5 10 the church buildings. We reEard this arno¢ as insuffjcieni and unsatisfactory in view of the enornious costs which rould iE incurred. Th¢ reMaing unre5trictrd funds of £106 have been d¢si8nared for the so¢tal committee fund. Page 3
Pollolishields Cbureh of Scotlalld, Glassvw Trtt¢s. Annual Report Structhr4 Governance and Management Ststem¢nt of Trnst¢¢s' Resp)n5ibllitiE The Tte¢S must Prere finan¢ial statements which giNe ffiCIe[LI derail to enable an apprlatIOn of the transactions of the Church dumg the financial vear. The Tnjstees are resnSible For keeping prop a¢¢ount8 r¢¢ords which. on rques4 must reflecl the financial position of the Church ai that lime. This must be dorle to ensure that the fmancial statcm¢nts comply with th¢ Chariiies and Truste¢ Investment (Scodand) Aci 2005, the chan.lies Accounts {Scoilandj Regulalions 2006 (as amended) and the Regulation# Anent Congregatjonal Finance approved by the General Assembly of the Chur¢h of Scoilayvj in 2016. They ar¢ s0 resPOn5ibl¢ for safeguaTding the asscts of the Chur¢h and tske rewnable steps lor the pr¢vention an(Vor deie¢tion of fraud and Oth irre8ularities_ ApproTred bi tht Trustec5 and sign¢¢J thcir behalf Page 4
Pollokshields Church of Scotlalld,Gla5gow SC01309U Independent Examiner's Report to th¢ Trustees of Pollok3hield3 Church Of ScD¢land, Glasgo I wep)n ot) the acwunts of the ¢haTity forth¢ y¢ar drd 31st Dtr¢mber 2023 wbich Ire set on pages 6 10 11. ReSlive ryoksJbAllikes ormtte5 4rtd examiner Th¢ charitys trn5tees are reSp]b]e for the prepaTatron of the a¢cordan¢e with th¢ tenlls of the ChaTili¢S and TNstr¢ Invesfmetrt IS¢otlandl Aci 2005 arxl the ChrritiB5 .4¢¢ounts (ScotlAnd ) Resula¥oDS 2006 la5 •mded). Th¢ eharity tTUSte¢s ¢on51d¢r thaT the audit requirem.ni of Regulation 10(1 Kd) of the A¢counts Regulations not apply. It is tny responsibility to examine the a¢¢ounts as reouirtd der section 44(1) 1¢) Of the Act ond to stat¢ wh¢th¢r paniiu]ar matters have come to my aitention. B#sis of indep¢nd¢nt tximiners sttsmeTrL Mv eMInation Is rarried wt In xwrdarKe wth Regutatiffi I l of the Charities A¢rA5 (S¢otlaTrd) Regulations 2006 las amerKfedl- An exarnillallvii intyludes a review of th¢ cOu[ln records kept bv G4arii) and a cornparison of the accounts prLxTrt¢d with thos¢ rtLLTrrds. 11 also includes ¢on5ideratiim of aThy unusual i¢eHLS or di]05ureS in the e]nts. and soeks explonations ftTrm tht tru51ees ¢oncerntng ally (h matters. Tr.e procedures underraken do not provide all the evidence that w>uld be r¢quired ill an audi4 and ccfflsequemiy l not express an audii opinion on the wew 8iv¢n by the accounts. Independent eiaminer'5 Stateraent In the cotsrse of rny eXniaon no mgtter ha5 ¢omc to my atntion whh giv¢5 Tre reasonable Causeto beIve that i any maierial respect the requiremthts.. ¢0 keep accow)téng T¢rdS In accordarv wrth Section 44(1) (a) of the 2005 Aci #nd Regulation 4 of tht 2006 las amendedl Acwunts Regulations. and to a¢Trts which accord wrth the acts)ting records and c(¥nply with Regulation 9 of the 201h [ amended) Accounts Regulions have Th)t been c tts whi£Tr4 in my opinior., attentiOD 5houkl bc drawn in rth to eble # proper Und¢rStalins of the fin]2[ stthm•Jts to b¢ rea¢hed. Narne.. Ad(tress.' Date..
Pollokshields Church of Scotland,Glasgow Receipts and Payments Account FOR THE YEAR ENDED 31ST DECEMBER 2023 Unrestrirted Restrlrted Endowment Funds Funds Funds 2023 Z023 2023 Total 2023 Total 2022 Note Receipts Donations Le8acies Activities for Generatlng Funds Bank & Deposlt Interest Investment Income Rental of Premises Grants Loan from General Trustee5 OtherReoipts 48.521 313 48,834 53,953 181 1,751 181 2.431 1,600 28 2,220 2,1 52.053 993 Assets and Investments Sale of fixed assets Sale of Investmènts 53,046 $8,301 Total Recelpts 52.053 993 53,046 58.301 Payments Cost of Generating Funds Charifable A¢tiwhes GovarrnCe Cost$ 79 66,427 79 70,816 4.389 63,311 480 66,506 4.389 70.895 63.791 Assets, Investmt5 and Loans Total PayThents 66.506 4.389 70,895 63,791 Ex¢ess ot Receipts over Payments tor the year before transfers Transfer5 114,4531 13.3%) 117,8491 15,4901 Excess of ReIpts over Payments 114.4531 13,3961 117,8491 15.4901 Page 6
Pollokshields Church of S¢olIallGla$go Statevnent OT Balances FOR THE YEAR ENDED 31ST DECEMBER 2023 Unrestricted Rutrirted EndoTment Fur5 Fund5 Funds 2023 2023 2023 Total 2023 Total 2022 Note Bank and Deposlt Balances Bank and daposrt ban¢es brought forward 16,266 21.391 2.167 39.824 4S,314 Movement In year Exce55 of Recèipts over Payrenls 114,4531 13,3961 117.8491 15,490 Bank 3nd depc6il balanees ca1ed forward 1,813 17,995 2.167 21.975 39,824 Investments at market value Icctst- £47,758) 56.283 13.458 16,767 86.508 81.446 Asset5 Fixgd As$8ts Gift Aid ReceivaUe 640.[1 640.LKIO 640,0 640,000 640.OOQ Alrislries & Mission Clmth'butkns Loans 155.020 155.020 136.656 32.770 32.000 32,770 155,020 32.770 187,790 I68,656 The accounts were approved by the Trustees on/7112J2) and signed tsn their behalf b
Pollokshields Church of Scotland, Glasgow Notes forming part of the accounts For the year ended 31st December 2C23 Basis of Accounting These COUnts have ken PTepared on the Receipts & Payments basis in accorda¢ with the ChaTities ar¥J Trusiee Investrnenl (Scotland) Aet 21K)5, The Charities Accounts (Scotland) Rcgulatioi)$ 2006 (a5 amend) and the Regulaiinns anent Congrewional Finan¢e approv bv th¢ Gei]era] Asb¢mbly of the Church of Scotland in 2016. MoTrement itt Funds AtlJan 2023 Receipts P4vJJ)cnlJ Tran5fer5 At31 Dee 20LI Eudowmen¢lun4s Generdl Fund 64u¢sts 2,167 2,167 2.167 2,167 ReslricÉedfuaryds Benevolent Fund Proje¢t Fund Flower FuTrJ Junior Church Youth Club 2594 15,881 468 (200) (3.664) (525) 2.862 12.217 525 2,499 35 2,499 35 21.392 993 {4,J89) 17,996 UnrestrictedfHnds General Fund DesigftÈted Fabric Fund Social Committee Fund 6.877 9,282 106 52,053 (66.406) 9.282 (9.282) 1,706 106 16.265 52,043 (66,506) J3,046 1.812 Tolal Fund& 39,824 (70,&)5) 21,975 Pur ost of Endowment Funds The conThreoa.i•Y *- 572 of the ch is iftvest8J in 613 ,.bl£ tcr [LI.12) Furpos"'s. The FloMrr Fund enjoys the income from 423 Units in the Church of Scotland I$me Fund. Pur ose Dr Restricted Tr'unds The Kirk Session BenevTrleTrt Fund Gon5isis of funds donaied by the members of the Kirk Session and is used by ihe Minister for benevolertt PUTposes at his sole discretion. Page 8
Pollokshields Church of Scotland, Glasgow Notes forming part of the accounts For the year ended 31st December 2023 of Restricted Funds ¢ontinued The Flower Fund is used io provide flower5 for display during services of worship. The Funds in the Junior Church are mad¢ up of the collKtioLs taken in the Junior Church and will be used to make donations to charities decided by them. The Youth Club funds are th¢ balance of the funds l¢ft by the Youth Club when it ceased. The Project Fund (previously Kitchen Fund) consists of funds to be spent on chUh Hous¢ development. UDTestrieted Restri¢ted Endowment Funds Funds Fund$ 2023 21123 2023 Total 2023 2022 Analysis ofDonatious WFO S¢heme (non Gift Aid) Gift Aid Donatio8 Tax Recovered on Gift Aid DorL8. Ordinary OtT¢rings {0 plate) Oth¢r Offerings. Donations, ete 5.866 23.385 8,496 8,096 2.678 5.866 23.385 8,496 8,096 2.991 5,850 28,061 9,982 7.841 2,219 313 48.521 313 48,834 53,953 Allatysis ofpaym¢nts Cosr olGeneralingfunds Offering envelopes 79 79 79 79 CharilableAellvities Ministries & Mission allo¢ Pr¢sbyi¢ry Dues MinistePs expenses Council Tax Organist's Fees Fabric repairs & mainl Heat, Light & Insurance Pulpit Supply Church Office Expenses Organ & musi¢ Other expenses 15,000 15,000 20.000 1,604 2.374 0,907 6.216 9,582 15.753 2,324 7,238 5,348 9.862 24.480 949 108 2.324 7,238 5,348 13,526 24.480 949 108 419 725 725 456 66.427 4.389 70,816 63.311 Governance Cosls Independent Exarniner5 Fee Total 480 66,506 4.389 70.895 63,791 Page 9
Pollokshields Church of Scotland, Glasgow Notes forming part of the accounts For the year ended 31st December 2023 Trustee Remuneration and Related Party Transactions During the year one irustee (the minister) received reimburseTnent of cxp¢nses of £6,078 in respect of coun¢il i&x. travel and sundry expenses. No trust¢¢ OT person related to a trustee had any personal iniere5t in any contract or transa¢tion entered into Minister's Stipend All chUh of Scotland ¢ongregation8 contrtbute to the National Stipend Fund which bears the costs of all ministers, slipend5 and employePs contributions for national insuranc¢, pension and housing and loan fLtnd. Stipends are paid in accordance ivith the nlonal stipend scale. which is related to year5 of seryice. For the year under review. Ihe minimum stipend wL5 £30.135 and the mlmuM stipend (in the fifth and subsequent years) was £37,032. Investments Market Gainl(IA>ss) Market Value at on V¥lue gt l Jan Pureb•3es Dispossls Revaluatlo 31 De¢ 2023 2023 COSIT Growth Fund COSIT Income Fund M&G charlnd 60.621 11,817 9,008 4.827 447 12121 65,448 12.264 8,796 81,446 5,062 86,508 Held in respect of: Unrestrieied Funds General Fund 52.132 4,151 56,283 Resirieled Funds Kirk Session Benevolent 12.750 708 13,458 Endownwhts Funds Choir A.D. Liston Flower Fund 3,089 9,008 4.467 246 (212) 169 3.335 8,796 4,636 16.564 203 16,767 81.446 5,062 80,508 Page 10
Pollokshield5 Church of Scotland, Glasgow Notes forming part of the accounts For the year ended 31st December 2023 Fixed Assets Other Multi-medi Other Matyse Buildings Equipment Equlpment Total Botsk Value 1st JatLUary Purchased during yrdr Disposal$ during year RevaluaiioJ] AdjUstMt Depreetauon for 8T 2023 390,LIJO 250,000 640,000 Book Value 315t tkctmb¢r 2023 390,000 250.000 640.000 Collections for Third Parties 2023 2022 Marie Curie Ma5 M¢als Christian Atd Ukrain¢ Appeal Erskine Hospitsl Lodging Htsus¢ Mitsi¢)n 1,088 492 391 280 273 178 160 2.309 553 Pagell