The Church of Scotland Langbank Church of Scotland RECEIPTS AND PAYMENTS ACCOUNTS Year Ended 31 December 2024 Congregation No: 150819 Charity No: SC015085
Reference and Administrative Information Charity Name: Langbank Church of Scotland Charity Registration Number: SC015085 Congregation Reference No: 150819 Contart Address: Trustees All Kirk Session members are trustees of the charity. The following is a list of all trustees who served at any time during the year up to the date of signing the accounts. Principal Office-bearers Bankers Bank of Scotland, Princes Street, Port Glasgow
Trustees. Annual Report Year ended 31 December 2024 Structure, Governance and Management Governing Document The Church is administered In accordance with the terms of the Deed of Constltutlon (Unltary Form). Recruitment 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 Presbytery. Organisational Structure Langbank Church is governed through a unitary constitution, which means that the Kirk Session which meets frequently through the year - is responsible for both spiritual and temporal affairs within the church. Certain responsibilities are delegated to Committees which are responsible for Finance; Fabric. Fundraising, social and communication. and Outreach with responsibility for pastoral care as appropriate. The Committees have been in place following the adoption of the unitary constitution, and are providing a more flexible and collective response than was the case under previous arrangements through a Congregational Board. Committees are convened as required, approximately six times per year. Objectives and Activities The Church of Scotland is Trinitarian in dortrine, Reformed 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 to bring the ordinances of religion to the people in every parish of Scotland through a territorial ministry. It co-operates with other Churches in various ecumenical bodies in Scotland. Although a smaller congregation, we continue to make a thriving contribution to village life with villagers regularly attending social and fund-raising events such as the established drop-in café on Mondays. Sunday worship is supported by a choir and organist, many of whom are also members of the village choir. Because of the limited facilities in the village, we have been trying to develop the church as an additional amenity for the whole community. The impact of the COVID-19 restrictions meant that this was suspended. During 2024 major refurbishment was carried out to both the church roof and internal plasterwork as part of the ongoing development. A request was made to both Clyde Presbytery and the Church of Scotland Trustees for the manse to be sold with the proceeds going to the future development. This is presently ongoing.
Trustees. Annual Report (cont.) Year ended 31 December 2024 Achievements and Performance AfterlletIred (29.10.2024) our Interim Moderators provlded preachers Sunday by Sunday to ensure the continuation of worship. We are grateful for this support. The Session following on from the Presbytery Plan met jointly with the Kirk of Session of Houston & Killellan Church. The outcome of this was that both churches agreed to form a linked charge. This was approved by Clyde Presbytery and the Church of Scotland and Linkage Service was held on the 6th August 2024. A Nominating Committee was formed and was successful in finding a sole nominee (Rev Steven Owens) who preached as such on Sunday 22 December 2024 and was approved by both congregations. He will be inducted to the Linked Charge in January 2025. We remain extremely proud that in spite of our small membership base we reach out successfully to all our parishioners and are actively engaged throughout village life, which we will continue through 2025 and beyond. Financial Review General fund-raising, particularly the regular and generous giving by the congregation remains our principal source of income. This income is boosted by our ability to reclaim tax on many of the donations received. Our underlying income increased by 11 % from £41,476 in 2023 to £46,176 in 2024 net of £55,632 Trustees fabric funded income for major roof repairs and internal plasterwork, total reported income to £101,807. We have continued to invest in the upkeep of both the church buildings and the adjacent manse (which is currently let out). As the accounts show, our funds for fabric expenditure (most of which are held centrally by the Church of Scotland General Trustees) have reduced this year for essential works on the roof and the plasterwork, we need to continue to carefully shepherd our financial resources for day-to-day charitable activities. Processed underlying cost dropped by 4 % to £33,518 in 2024 from £34,912 in 2023 before fabric funded spend of £55,632, total reported spend before net liabilities is £89,149. Adding the accrued net liabilities for 2024 the underlying costs were £40,973 which equates to an increase in costs of17%. We continue to benefit from rental income associated with the Manse - income generated in this way is held by the Church of Scotland General Trustees and restritted solely for upkeep of the church and manse.
Trustees. Annual Report (cont.) Year ended 31 December 2024 Reserves Policy It is the Trustees, policy to hold reserves of approximately six months expenditure including designated funds. At the year end, the Church held unrestricted cash funds of approx. £44,500 plus about £19,800 held for restricted purposes. In a separate fund, reserved for upkeep of the fabric of the church and manse, the General Trustees hold in excess of £13,000 (PY £58,000), this has reduced from last year following the major works undertaken during the year on the roof and plaster works. Cash plus readily realisable investments (themselves amounting in total to over £62,600 after net liabilities) represents approximately 18 months of regular expenditure, compared to the Trustees, target of holding 6 months expenditure as a reserve. this has reduced from last year following the major works undertaken during the year on the roof and plaster works. Statement of Trustees. Responsibilities The members of the Kirk Session must prepare financial statements which give sufficient detail to enable an appreciation of the transactions of the Church during the financial year. The members of the Kirk Session are responsible for keeping proper accounting records which, on request, must reflect the financial position of the Church at that time. This must be done to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Att 2005, the Charities Accounts (Scotland) Regulations 2006 and the Regulations Anent Congregational Finance approved by the General Assembly of the Church of Scotland in 2007. They are also responsible for safeguarding the assets of the Church and must take reasonable steps for the prevention and/or detection of fraud and other irregularities. Approved by the Trustees and signed on their behalf, Session Clerk Date ..... X5 Accounts Prepared by Angela Tyre Treasurer since l January 2025
Langbank Church of Scotland SC 015085 Independent Examiner's Report to the Trustees of Langbank Church of Scotland I report on the accounts of the charity for the year ended 31 December 2024 whlch are set out from page 7 onwards. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10(1) (d) 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 come to my attention. Basis of independent examiner's statement My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent examiner's statement In the course of my examination, no matter has come to my attention. l. which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with Settion 44(1) (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 9 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 reached. Signed: Name: Address: Date: ao I slas
IL Unrestrlcted Funds 2024 Restrlcted Fundg 2024 Endowment Fundg 2024 Total 2024 Trt•l 2023 Note Donations Legacies Activities for Generating Funds Bank & Deposit Interest Investment income £ 28,783.52 £ 2,279.82 31,063.34 25,104.15 5,554.04 1,706.81 £ 3,988.75 43.22 96.28 £ 6,408.07 9,542.79 1,750.03 9,592.91 1,179.56 £ 38,438.69 37,989.22 Rental of premlses Sale of assets Sale of investments Grants Receipts from Generdl Trustees Other Receipts 455.00 20.00 475.00 440.00 £ 56,451.60 33.50 19.20 3,028.01 56,451.60 33.50 T al Recel £ 95 378.79 £ 6 428.07 £ 101806.86 41476.43 ments Costs of generating funds Charitable activities Governance costs Other Costs £ 87,789.05 £ 1,360.00 89,149.05 34,911.57 Total Pa ments £ 87 789.05 1360.00 89 149.05 34 911.57 Excess of Receipts over Payments for the year before transfers £ 7,589.74 £ 5,068.07 £ 12,657.81 6,564.86 Transfers Excess of Receipts over Payments for the year £ 7,589.74 £ 5,068.07 £ 12,657.81 6,564.86
-.IlL' At Unregtrlcted Fundg 2024 Regtrlcted Fundj 2024 Endop•vfflent, Fund• 2024 Totsl 2024 Totsl 2023 Note Bank & de)SIt balances brDught forwarrl l January 2024 £ 36,927.65 £ 14,721.95 £ 51,649.60 £ 45,084.74 Movement In year: Excess of Receipts ovff Paymts for the year 7,589.74. £ 5,068.07 £ 12,657.81 £ 6,564.86 Bank & dep)sit balances carried forward 31 December 2024 £ 44 517.39 £ 19 790.02 £ 64 307.41 £ 51649.60 Investments at market value Cost Value 31 Dec 2024 £64,986.86 £ 70 087.62. £ 70 087.62 £ 66 170.67" Gift Aid Receivable and Dividend Income 2 500.00 £ 2.500.00 2,030.84 2,030.84 Liabili Expenses due not yet paid 9,485.57 9,485.57 Charity Expenses Due but not paid 150.00 150.00 295.72 9,485.57 150.00 9,635.57 295.72 For and on behalf of the Kirk Session Session Clerk Treasurer
aLILD.ooemb.eL20_14 .1. Trustee Remuneratlon and Related Party Trnnsactlong Durlng the year, slx trustees recelved rElmbursement of expenses Incurred totalllng £1,003 No trustee or a person rElated to a trustee had any personal interESt In any contract or transaction entered Into by the charity during the year. 2. Movements in Funds Atljan 2024 At 31 Dec 2024 Recelpts Payments Transferg Unrestricted funds Deslgnated Fabrlc Fund Reserve & Bequest Fund General Fund 5,114.76 £ 94,194.83 3 788.73 £ 103 098.32 £57,227.00 £6,822.36 £35 246.38 £ 99 295.74 £57,891.60 £0.00 £29 897.45 £ 87 789.05 4,450.16 £ 101,017.19 9 137.66 £ 114 605.01 Restricted funds Charltable Donations DevelOnt Fund Youth Fund 295.72 £ 13,599.49 826.74 £ 14 721.95 £2,079.82 £1,360.00 £4,305.03 £0.00 £43.22 £0.00 £6 428.07 £ 1360.00 1,015.54 £ 17,904.52 869.96 £ 19 790.02 Endowment funds None Total funds £ 117 820.27 £ 105 723.81 £ 89,149.05 £ 134,395.03 * adjusted for carry forward differences of -£0.17 and £5.06 respectively Fabric Fund: The Trustees have set aside funds for the maintenance of the Church property Pu oses of Restricted Funds Youth Fund: Donations have been received specifically for use in our work with Young People Compassion UK: Donations have been received specifically in support of our sponsorship of chIldn through Compassion UK Development Fund: Donations have been received specifically for the Redevelopment Project for the Church Premises See also Note 7 Pu oses of Endowment Funds There are no Endowment Funds
Unr••trlcted Fvndg 2024 Ratrlct•d Fund• 2024 Fund• 2024 Totsl 2024 Total 2023 Note 3. Analysls of Donatlons WFO Stheme (non Glft Ald) Glft Ald Donatlons Tax Recovered on Glft Ald Donatlon £ Ordlnary Offerlngs (On Hate) Other Offerlngs, Donatlons etc 1,823.50 6,100.00 7,703.02 1,043.00 £ 12 114.00 £ 28 783.52 1,823.50 6,100.00 7,703.02 1.043.00 £ 14 393.82 £ 31 063.34 19,842 2,263 913 2 279.82 2 279.82 Endowment Funds 2024 Funds 2024 Funds 2024 Total 2024 Total 2023 Note 4. Analysls of Payments Costs of generating funds Znvestment Manager5, fees Offerlng envelopes Charitable activities Mlnlstrles & Mlsslon allocatlon Presbytery dues Voluntary Addltlonal Stlpend Mlnlster's costs M Inlsterlal Asslstan Pulplt supply Other stafflng costs Fabrlc repalrs & malntenan Coundl Tax Heat and Ilght Insuran Other bulldlng costs Churth Offi expenses Organ & music Prlntlng, statlonery and [tage Other expenses 5 £ 12,735.00 £ 12,735.00 18,130 220 52.66 52.66 993 6,861.11 6,861.11 800 £ 57,971.60 £ 57,971.60 1,775 1,541.13 1,952.73 1,216.91 1,254.69 3,657.22 1,541.13 1,952.73 1,216.91 1,254.69 3,657.22 1,598 1,798 1,202 1,250 3,780 252 546.00 £ 87 789.05 1 360.00 1 360.00 1 906.00 £ 89 149.05 Governance costs Independent examiner's fees Other payments Purchase of assets Purchase of Investments 5. Ministerfs Stipend All Church of Scotland congregations contribute to the National Stipend Fund which bears the costs of all ministers, stipends and employerfs contributions for national insurance, pension and housing and loan fund. Ministers. stipends are paid in accordance with the national stipend scale, which is related to years of service. For the year under review the minimum stipend was £31,642 and the maximum stipend (in the fifth and subsequent years) £38,884. 10
KangtyanLchurrh_ofScotland. piendlx Lllfftmb¢rJQ2A Funds Held By The Church of Scotland Geneeral Trugteeds For The Benefit of the Congregatlom Consolidated Fabrlc Fund 2024 CAPITAL ACCOUNT Credit balances held at 31 December at cost Market value of balances at 31 December at cost REVENUE ACCOUNT Credit balance at 31 December 13057.26 TEMPORARY ACCOUNT Credit balance at 31 December Individual fund Purpose: EXPENDABLE 2024 Credit balances held at 31 December at cost Market value of balances at 31 December at cost PERMANENT ENDOWMENT Credit balances held at 31 December at cost Market value of balances at 31 December at cost 11