Sherbrooke Mos5park Parish Church of Scotland Report and Accounts for the year ended 31 December 2024 Congregation No: 161063 Charity No: SC015155
Sherbrooke Mosspark Parish Church of Scotland Trustees. Report for the year ended 31 December 2024 The trustees are pleaed to present their annual report and the auounts of the charity for the year ended 31 December 2024. The accounts have been prepared in accordance with the accounting policies set out in the 3ccount5 and comply with the Gener31 Assembly Regulation5 for Congregational Finance, the Charitie5 and Trustee Investment (Scotlandl Act 2005, the Charities Accounts (Scotlandl Regulations 2006 las amended) and Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Fillanci31 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 effertive from l January 2019. Objectives and Activitie5 The Church of Scotland is Trinitarian in doctrine. Reformed in tradition and Presbyterian in polity. It exists to glorify God and to work for the advancement of Chrisvs 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 territori31 ministry. It co-operate5 Wlth other Churches in various ecumenical bodies in Scotland and beyond. To achieve this the church . lal provides for the ordinances of religion to be prattised and observed in the parish area Ibl provides for the baptism and nurture of young people in faith that they might take their place in society 35 responsible moT31 people, Icl provides support for families who are experiencing ill health or bereavement, conducts funeral services for the dead in the parish area, Idl provides a place for young people to belong to organisations like the Scouts or Brownies, lel provides a place for outside bodkes to contribute to their community le.g. Govan Salvation Army who hold a number of concerts to provide help for the people of Govanl. If) supports many charities through fundraising effort5 (Christian Aid,. Preshal Trust, Govan; the Lodging House Mission and Glasgow City Mission } working with people with enormous social problems,. Starter Packs, Govan,. Mary's Meals and many more charities working with the disadvantaged and marginali5ed in our society. Igl provides the use of our buildings for the benefrt of many cultural groups providing a venue for the Glasgow Chamber Orchestra, Glasgow Orchestral Society and others. Public Benejlt The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. The aims are to provide for the ordinances and Sacrdments of the Church to be available within the territorial bounds of our parish allowing people to deal with the Major events in their lives such as the birth of a child, a marriage or a death. Page I
Sherbrooke Mosspark Parish Church of Scotland Trustees. Report for the year ended 31 December 2024 Achievements and Performance As a church community we conlinue to draw yovn8 people from elsewhere into our kirk as they seek marriage. The fellowship we provide allows them. after marriage. to continue their assO£lation with us without nece55arily committing themselves to full membership. Ovemiew There were four meetings of the Kirk Session and a Stated Annu31 Meeting of the Congregatlon held during 2024. An Elders Conference organised by the Membership Care & Development and Discipleship Cornmittee was held in November. The conference aim was to identify way5 in which elders, connection witi church mombers could be improved remained as Session Clerk until 24th May when took over. There are 35 serving eloers. The committèe structure developed during 2023 reniailli li Ali, £ Wlth the various committees reporting to the Kirk Session. continued ds InTrnister, iowever illnes5 during the summer prevented him from performing his usual duties mirbister of Ibrox Parish Church, ou,- cluster church, conducted some service- i-d i-" i..O'i al iare wherÈ possible. We were also fortunate to have helt) and advice from the vho was appointed Interim Moderator for July and August. as ablè to return to limited duties in September and thereafter. when his health irnproved, he was fully back in post and able to resume a mid-week seTvice in addition to Sunday worship. ontinued a5 Church Officer during 2024 however she notified us that she would be leavin8 on R1 %t December. Intervie for a replacement took place during December and a suitable CEndidate, Rory Spen¢er, was employed to start work on 1st January2025. We continue to work wtth Ibrox Parish Church and regularly have joint seThices. We have a 5teerinE group warking towards a union in line with the Presbytery Plan The funding fof a Church arid Comniu'iity Outreach Worker was withdrawn from us during the year. This meant that we had to lose June 2024. Her Wdluable i':#.k continues iiiitb. iioli pr)(r< nnw taking nvpr the organi5atio ol N1oi¥'/ c.hurch and Sunday School. nd t.e liaise with Mosspark Primary School. Me55y Church continues to be held at Mosspark BowlinE c.liih with Muddy Church held in local parks in the summer when the Bowling Club premises are not available. Attendance varies but the sessions allo'N for valuable fellowship and connection with Mosspark families as also involved through Faith in the Community with an ecumenical project to welcome Asylum S9kr5 housed in the GoUrb6n Hotel. The response to this initiative was poor but it is hoped that thi5 will improve as time goes on. A volunteer will be needed to continue 1nvolvement. The Parent and Toddler group led byl•3s been suspended until there are more voltsiiteers. ontinue5 as Organist and Director of Music His musicianship and development of the choir grprltlo er)liriiice5 worship. In addition to Sunday w0h1p organises special music lor Easter and Cpristmas and is respor751ble for a veiy well received ecumenical Carols by Candlelight service. The Roll a5 of 31st December 2024 stood at 276. During the year 8 members were added by restoration or resolution of the Klrk Session. There were 6 death5 and 4 members reTnoved by certificate of trarferenCe, 3 baptism5. 1 blessing and 6 funerals. The average number of worshipers was around 150. Page 2
Sherbrooke Mosspark Parish Church of Scotland Trustees. Report for the year ended 31 December 2024 Church Life We recognise that good communication and fellowship are very important to the life of the church. Our efforts to achieve good communication indude a regularly updated website, two WhatsApp Groups, a Facebook presence and a quarterly newsletter. Online worship continues to be avallablÈ to those unable to attend church wlth around 150 subscribers to the li)JE Stream and an average of aro¥Jnd 75 views. Fellowship is greatly enhanced by the outstanding work of members of the Social Committee and the Coffee Team who provide tea and coffee after worship every week, the Easter Breakfast and the Christmas Lunch. They a150 contribute to special events such as the Church Ceilidh, the Plant Sale. the Advent Fayre and the Mince Pies & Mulled Wine social gathering after Giro15 by Candlelight. The Women'5 Group meets rnOnth from September to June. This is well supported with a varied programme. A Coffee Morning in February raised well over £l.000 for the Hosptce in 2024. There is an annual dinner in lune which is enjoyed by ladies from the church and the local area. The Guild meets weekly from September to lune in the Harvest Church in Mosspark. The meetings follow the standard Church of Scotland programme which includes a hymn and a prayer in addition to a speaker or entertainment. Badminton continues on Monday evenings with church and non-church players participating. The AM Chorus, a Community Choir led by Is very popular with over 30 rllembef5 frorn the church and the local area. They enjoy weekly sessions of joyFul singing followed by coffee and fellowship and are happy to augment the church choir at Christmas and Easter worship. Fellowship is front and Centre of Soup and Chat. a monthty gathering of up to about 25 people enjoying delicious soup and lively companv. The Yam Stormers are a group of ladies who undertake various knitting ch311ènges creating interesting displays and knitted decorations for sale at the Advent Fayre. All these groups offer a tremendous opportunity for outreach and fellowship and are to be commended. Finonce and Property The Fundraising Cornmittee have developed several new initiatives designed to raise money for the church. These include a suggestion that members add a codicil to their wills leaving money to the church. A letter to this effect has been sent out to members. Other new fundraising projects which have been implemented include the Advent Fayre in November, sale of church Christmas cards and Advent Calanders and a joint Ceilidh with the Scouts. Thèse initiatives and the annual Plant Sale have successfully raised money for the church. The Property Committee. in addition to regular maintenance work on the church and manse, oversaw the installation an Accessible Toilet in the halls. The work w3s completed over the summer on budget and on time and enhances facilities in the hall. Demand for Hall and Sanctuary bookings remain hEh with many orchestrds. groups and local people using our facilities. This 15 a good source of income. Page 3
Sherbrooke Mosspark Parish Church of Scotland Trustees, Report for the year ended 31 December 2024 Local charities 5UPPOrted by the church include the Lodging House Mission. G13sBow City Mission. Preshal Trust and Christian Aid. Financlal Review Total income for the year wa5 £219.572 IPY - £218.7031. This included £9,946 which was generated as specificfund raising in relalion to the development of an accessible toilet situated within the church hèlls. Expenditure in the year amounted to £222,105 IPY - £221.7951- This included an increase of £6,155 in fabric repairs and maintenance (which included the expenditure on the accessible toilet projert of £16,7681 and an increase in staff costs of £3,774 due to having a full complement of staff in the year. Offsettin8 these Increases was a welcome reduction in energy costs down £11,607 to £19.334. The net out-turn, before any gains on investments. was a small deficit of £2,533 IPY - deficit £3,092). During the year, the congregation sold some of its investments lat a small gain on the opening valuation of £582 IPY - gain E70SI to generate cash for general use purposes. The remaining investment holdings increased in value by £25,191 with the overall out-turn being an increase in funds for the year of £23,240 IPY- £18.0031. Investment Policy and Performance The congregation holds short term investments. mainly in Church of Scotland Growth units with the aim of preservirhg and growing this capital over the medium-term and to generate income annually. The total direct investment at cost in Church of Scotland units at 31 December 2024 amounts to £220,118 IPY £227,884] and at a valuation of £292.223 IPY- £276.4531. Risk Management All major risks have been reviewed and systems or procedL5res have been established to manage those risks. The major financial risk to which the charity is exposed as identified by the trustees 15 a general or sudden lowering of donated income caused by the loss of older members. The congregation receives significant donations from a number of members along with the associated gift ald commitments which go a long way to cover the annual expenditure. The Trustees consider the loss of such income to be a material risk and have introduced a medium-term reserves policy for building up funds of a further six to twelve months. expenditure in excess of the resee5 required for normal annual expenditure as part of its medium to long-term strategic plan. The Trustees are also developing a longer- term strategy to generate and build reserves. Reserves Policy The Trustees are aware of their obligation to plan the chariws expenditure and manage its reserves in order to maintain the long-term financial viability of the church. The Church has free reserves, (that is those funds not tied up in property and restricted funds) of £333,009 at 31 December 2023 IPY- £299,072). It is the Tru5tees' primary policy to hold unrestricted free reserves of between nine and twelve months, normal annual expenditure to allow for any sudden unexpected decline In income. The current resee5 exceed the principal primary reserves policy for the reasons set out above under'Risk Management.. Page 4
Sherbrooke Mosspark Parish Church of Scotland Trustees. Report for the year ended 31 December 2024 The Trustees also have a Consolidated Fabric Fund reserve held by the Church of Scotland General Trustees of £248,388 an increase of £20.000 over the previous year IPY- £228,388). This reseTve is not included in the Balance sheet. The increase is after drawing out the income generated in the year from the fund of £5,611 IPY - £5,0321- The Trustee5 are planning for the medium-term Use of the Consolidated Fabric Fund in maintaining and enhancing the fabric of the chuh. The Trustees consider the current level of free reserves adequate considering the annual. normal recurring expenditure levels of around £222,000 along with the balance of reserve5 required to manage the medium- term risks. They consider the level of reserves held by the General Trustees should be adequate to cover any non-recurring expenditure of a capital nature to maintain the church and manse fabric. Strurture, Governance and Management The congregation 15 a registered charity number SC015155 and is atlministered in accordance with the terms of the Deed of Constitution Iunitary Forml and is SL&bject to the Acts and Regulations of the General Assembly of the Church of Scotland. Members of the Kirk Session are the charity trustees. The Kith 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 ski115. The minister, who is a member of the Kirk Session. is elected by the congregation and inducted by Presbytery. The Kirk Session is responsible for all affairs within the church under the Unitary Constitution. Certaln responsibilities are delegated to specific Committees as appropriate including Finance and Fabric. Page S
Sherbrooke Mosspark Parish Church of Scotland Trustees. Report for the year ended 31 December 2024 Reference and Administrative Information Charity No: CongreEation No: SC015155 161063 Trustees Page 6
Sherbrooke Mosspark Parish Church of Scotland Trustees. Report for the year ended 31 December 2024 Principal Office bearers Minister: Session Clerk.. Church Treasurer: Prlnclpal Office 240 Nithsdale Road Pollokshields Glasgow G415AD Independent Examiner Bankers Bank of Scotland Glasgow Pollokshields Branch PO Box 1000 BX2 ILB Page 7
Sherbrooke Mosspark Parish Church of Scotland Trustees. Report for the year ended 31 December 2024 Trustees. Responsibilitie5 in Relation to the Financial Statements The charilv trustees aTe responsible for preparing a trustees, annual report and financial staternents in accordance with 8pplic3ble law and United Kingdom Accounting Standard5 (United Kingdom Generallv Accepted Accounting Prncticel. Although the income of the Trust is below £250.000, the Trustees have decided to prepare financial statements on a fully accrued basis as they cons¢der theis best represents the financial posltion of the ch3irit¥. The law applicable to charities in Scotland requires the tharity trustees to prepare financial statements for each year which Show a true and fair view of the state of affair5 of the charity and of the iicoming resources and application of resources, of the charty for that period. In preparing the financial statements, the trustees are required to-. select suitable accounting policies and then apply them con5iStently," observe the method and principles in the Charities SORP; make judgements and estimates that are reèsonable and prudent; state whether applicable accounting standards statements of recommended practi have been followed, subject to any departures disclosed and explained In the financlal statements,. prepare the finan¢i31 statements on the golng concern ba515 unless it 15 inappropriate to presume that the cha¥ity will continue in operational existence. Thp trustees are responsible for keeping proper accounting records which disclose with reasonable The trustee5 are responsible for thè maintenance and integrity of the charity and financial information on Approved by ihe Trustee5 on 15 June 2025 and sigied on their behalf. Page 8
Sherbrooke Mosspark Parish Church of Scotland for the year ended 31 December 2024 Independent Examiner's Report to the Trustee5 of Sherbrooke Mosspark Parish Church of Scotland I report of on the accounts of the charity for the year ended 31 December 2024 whith are set out on pages 10 to 21. Respective responsibilities of trustees and examiner The chariws trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotlandl Act 2005 and the Ch3Tlties Accounts (Scotlandl Regulations 2006 las amended). The charity trustees consider that the audit requirement of Regulation 10111 (al to 1¢) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts a5 required under section 44111 Icl of the Act and to state whether particular matters have come to my attention. Basi5 of Independent examiner's statement My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotlandl Regulations 2006 las amended). An examination includes a review of the accounting records kèpt 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 toncerning any such matters. The procedures undertaken do not providè 311 the evidènce that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent emaminer's statement Ill the course of my examination. no matter has COTne to my attention which gives me reasonable cause to believe that In any materlal respea the requirements.. to keep accountinB records in accordance with Settion 4411) lal of the 2CK)5 Act and Regulation 4 of the 2006 Accounts RegulatlOn5 las amended). and to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations las amended) have not been met. or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Dated....... Page 9
Sherbrooke Mosspark Parish Church of Scotland Balance Sheet as at 31 December 2024 2024 2023 Note Fixed Assets: Tangible assets Investments Total Fixed Assets io li 557,036 292.223 849.259 560,668 276,452 837,120 Current Assets Debtor5 Cash at bank and in hand Total Current Assets 12 16.006 33,341 49,347 18,801 22,936 41,737 Liabilities Creditors falling due within one year Net Current Assets 13 7.142 10,633 42,205 31,104 Total Assets less Current Llablllties 891.464 868,224 Creditors falling due after more than one year Net Assets 891,464 868,224 The funds of the charity: Endowmentfunds Restricted income funds Unrestricted Income funds 550 550 6.822 860,852 89),914 Total charity fund5 14 891,464 868,224 The accounts were approved by the trustees on 15 June 2025 and signed on their behalf bv: Page 11
Sherbrooke Mosspark Parish Church of Scotland Year ended 31 December 2024 Accounting Policies The principal accounting policies, whith have been applied consistently in the current and preceding year in dealing with items which arè considered rrhaterial to the accounts. are set out below. Basis of preparation The accounts have been prepared under the historical cost ¢onvention, modified to reftect the inclusion of investments and the manse at market value. and in accordance with applicable accounting standards, Accounting and Reporting by Charities.. Statement of Recommended Practice to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. the Financial Reportine Standard applicable in the UK and Republic of Ireland IFRS1021, the Charities and Trustee Investment (Scotlandl Act 2005 and the Charitie5 Accounts (Scotlandl Regulations 2006 las amended). The Charity meets the definition of a public benefit entity under FRS 102. Fund accounting Funds are Classified as either restricted funds or unrestricted funds. defined as follows. Restricted funds are funds subject to specrfic 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 objects of the charity. Endowment funds are funds which have been given on the condition that the original capital sum is not reduced, but the income there from is used for the purpose defined in accordance with the objects of the charity. Unrestrirted funds are expendable at the discretion of the trustees in furtherance of the charity's objects. If parts of the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, thev are designated as a Separate fund. The designation has an administrative purpose only and does not legally restrict the trustees, discretion to apply the fvnd. Going concern The Trustees consider that there are no materlal uncertainties htK)Ut the ability of the charity to continue for the foreseeable future. and therefore has adopted the going concern basis in preparing these financial statements. Income recognition Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the itemlsl of income have been met, it is probable that the income will be reteived and the amount can be measured reliably. Interest on funds held on deposit is included when receiwdble and the amount can be measured reliably by the charity,. this is normally on notifrcation of interest paid or payable by the bank. Dividends on investments are recognised once the dividend has been declared and notiflcation has been received of the dividend due. On receipt, donated professional seNices and donated facilities a recognised as income on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market- a corresponding amount is then recognised as expenditure in the period of receipt. In accordance with the Charities SORP IFRS1021 the general volunteer time of congregation members is not recognised. Page 12
Sherbrooke Mosspark Parish Church of Scotland Year ended 31 December 2024 Accounting Policies Expenditure recognitlon Liabilities are recognised as expenditure as soon as there is a legal or construrtzve obligation committing the charity to that expenditure, it is probable that settiement will be required and the amount of the obligation can be measured reliablv. All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings. The Charity is not registered for VAT and expenditure therefore includes irrecoverable input VAT. Fixed 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 the 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 resources expended in the Statement of Financial Artivities in the period in which the liability arises. The manse which is vested in Local Trustees is included at market valve as estimated by the Trustees. All other fixed assets costing in excess of £l,(JJ) having a value to the charity greater than one year, other than those acquired for specific purFXJSes. are capitalised. Depreciation is provided on a straight-line basis to write off the cost or initlal value, less residual value, of tangible fixed assets over their estimated useful lives. Fixtures and fittings Office equipment 5 years 5 years Investments Fixed asset investments are stated at market value at the balance sheet date. Unrealised gains and losses represent the difference between the market value at the beginning and end of the financi31 year or. if purchased in the year. the difference between cost and market value at the end of the year. Realised gains and losses represent the difference between the proceeds on disposal and the market value at the start of the year or cost if purchased in the year. Taxation Sherbrooke Mosspark Parish Church of Scotland is recognised as a charity for the purposes of applicable taxation leglslation and is therefore not subject to tsxation on its charitable activities. Page 13
omo MWL Ln ¢ c<) Ln r4 m mmo u) co r* o co o) u) Ln tnmo r4 mo 10 Trj f
o U) O ¢Th m U) m O¥ m Ln * Ln * Is Thi o rrt ¢J) tsi Ui O ri 00 00 c< o) o U) r¥ m Ln * Ln * tn O ¢X ¢> U) Lfi ln tti ¢0 ¢x o o m Ln cn fo C¢ * * 0 o m u) 17) m ¢tr m ¢Y Tr4 o co m Ln oi pi rri om 40 DJO Lnmoo) o e4 Lh om Ln Ln etl m co rn r4 rl O LL ¥ I v O O
Sherbrooke Mosspark Parish Church of Scotland Notes forming part of the financial statements for the year ended 31 December 2024 Staff costs and numbers 2024 2023 Salaries and wages Social security costs Pension costs Total 28,533 24,459 28,533 24,459 The average number of employees during the year was as follows: 2024 2023 Number Number Administration Music staff Premises maintenance No employee had employee benefits in excess of £60.(iX)12023 nil) All Church of Scotland congregations contribute to the National Stipend Fund which bears the costs of all ministers, stipends and employer's contributions for national insurance, pension and housing and loan fund. 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 lin the fifth and subsequent years) was £38.884. Trustee Remuneration and Related Party Transactions During the year one trustee (the minister) received reimbursement of expenses incurred in respect of Council Tax, travel and other expenses totalling £8,7{2023 £9,152). In addition, the Minister's daughter received £16,123 12023 - £5.4541 for fulfilling the duties of Church Officer and his son received £46212023- £4611 for providing support for events run on the church premises. No trustee or person related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year other than those disclod above. During the year a total of £56,32812023- £51.970) wa5 donated to the congregation by tnjstees. Volunteers In common with 311 congregations of the Church of Scotland the congregation benefits from the contribution made by volunteers who give their time and talents willingly for the benefit of the Church. The areas of congregational life which rely on the contribution of volunteers are many and varied and much of the activity would be unable to continue were it not for the commitment shown. Page 16
Sherbrooke Mosspark Parish Church of Scotland Notes forming part of the flnancial statements for the year ended 31 December 2024 10 Tangible Fixed Assets Fixtures & Olll£e Manse FfttlnES Equipment Totsl Costlvaluation At l January 2024 Additions Gain Illossl on revaluation Disposals At 31 December 2024 550,(KKJ 9,179 13,908 573.087 550.000 9.179 13,908 573.087 Accumulated Depreciatlon At l January 2024 Charge for year Eliminated on Disposals At 31 December 2024 2,462 1,773 9,957 1,859 12.419 3,632 4,235 11,816 16,051 Net Bookvalue At 31 December 2024 550.000 4.944 2,092 557,036 At 31 December 2023 550,OtKJ 6.717 3,951 560.668 Page 17
Sherbrooke Mosspark Parish Church of Scotland Notes forming part of the financial statements for the year ended 31 December 2024 11 Investments 2024 2023 Market value at l January Purchased during the year Sold during the year Gain Illossl on revaluation Market value at 31 December 276,452 280,821 19,4211 124,7591 25,192 20,390 292.223 276.452 Investments at cost 220,118 227,884 Net gains/(lossesl on disposal of investments le proceeds Market value at l January Net realised gainslllossesl in year lo,3 25,464 19,4211 124,7591 582 705 The followin@ investments are held.. Church of Scotland Investors Trust Income Fund Church of Scotland Investors Trust Growth Fund 292.223 276,452 292,223 276,452 12 Debtors 2024 2023 Gift Aid Tax Refund Due Other 13,554 2.452 16.006 14,886 3,915 18,801 13 Creditors falling due wlthin one year 2024 2023 Trade creditors Accruals 473 6.669 7.142 504 10,129 10,633 Page 18
Sherbrooke Mosspark Parish Church of Scotland Notes forming part of the financial statements for the year ended 31 December 2024 14 Movement in Funds Ati GainllL0551 January Incoming Outgoing on Mansel 2024 Resouttes Resources Investments Transfers At31 Dember 2024 Endowment funds John Glen Bequest Danial Mccallum Mem Fund 250 300 550 250 300 550 Restrlrted funds Youth & family Worker Fund National Giving Day Fund Accessible toilet 1,886 4,936 11,8861 14,9361 6,822 9,946 9,946 116,768) 116,7681 6,822 Unrestricted funds Guild Fund Manse Fund Equipment Fund General Fund 1,112 550,000 10.668 299,072 860,852 1,678 {1.8411 1801 869 550,000 7,036 80 333.009 890,914 13,6321 207,948 1199.8641 209,626 1205,337} 25,773 25,773 Total funds 868.224 219,572 1222.1051 25,773 891.464 AnalyslsAorPrevious yeor Atl GainllLossl January Incoming Outgolng on Mansel 2023 Resources Resour5 Investments Transfers At31 December 2023 Endowment fund5 John Glen Bequest Danial Mccallum Mem Fund 250 300 550 250 300 550 Restrlrted funds Youth & family Worker Fund National Giving Day Ftsnd 1,886 4,936 6,822 1,886 4,936 6,822 Unrestricted funds Guild Fund Manse Fund Equipment Fund General Fund 629 550.(AJO 7,418 284.802 842,849 1.950 11.467) I,J12 550,000 8.240 10,668 f8,240) 299,072 860,852 (4,990) 2J6,753 (215.338) 218.703 (221,795) 21,095 21,095 Total funds 850,221 218,703 1221,795) 21,095 868,224 Page 19
Sherbrooke Mosspark Parish Church of Scotland Notes forming part of the financial statements for the year ended 31 December 2024 14 Movement in Funds Pur ose5 of Endowment Funds John Glen Bequest.. Income from the Fund which is held in cash is used to provide Sunday School teaching material. DL7nlJl Mccollum Mem Fund.. Income from the Fund which is held in cash is used to provide Sunday School teaching material. Pur oses of Restricted Funds Youth & family Worker Fund.. The Fund is to SUPPOrt the work of youth artivties in the chufth. Nationol Giving Day Fund.. The Fund is to be applied towards a specific project in the church or to support other local charities. During the year, the residual donors to both the above funds agreed the b313nce5 were no longer required for the restricted purposes for which they were raised and that the funds could be re- designated towards the development of the accessible toilet Pur oses of Desi nated Funds Guild Fund.. The Fund reflects the work of the Guild. Monse Fund.. The fund reflects the net book value of the manse Equipment Fund.. The fund reflett5 the net book value of equipment 15 Analysis of Net Assets Among Funds General Designated Restritted Endowment Fund Funds Funds Funds Totsl Fixed Assets 557,036 557,036 292,223 49,347 17.1421 Investments Current Assets Current Liabilities Liabilities over I year Net assets at 31 December 2024 292.223 47,928 17,1421 869 550 333,009 557,905 550 891,464 Previous year General Desitnated Restrirted Endowment Fund Funds Fund5 Funds Total Fixed Assets Investments Current Assets Current Liabilities Liabilities over l year Net assets at 310ecember 2023 560,668 560,668 276,452 41,737 110,6331 276.452 33,253 (10.6331 1,112 6,822 550 299.072 561.780 6.822 550 868,224 Page 20
Sherbrooke Mosspark Parish Church of Scotland Notes forming part of the financial statements for the year ended 31 December 2024 16 Collections for Third Parties 2024 2023 Lodging House Mission The Preshal Trust Glasgow City Mission 174 174 174 522 173 173 174 520 Page 21
Sherbrooke Mosspark Parish Church of Scotland Year ended 31 December 2024 Appendix FUNDS HELD ON BEHALF OF THE CONGREGATION BY THE CHURCH OF SCOTLAND GENERAL TRUSTEES 2024 2023 CAPITAL ACCOUNT Credit Balances held at 310ecember at cost 198.462 198,462 Market Value of Balances at 31 December 248,388 228,388 REVENUEACCOUNT Credit Balances held at 31 December 1,696 TEMPORARY ACCOUNT Credit Balance at 31 December Page 22