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2024-12-31-accounts

REGISTERED CHARITY NUMBER: SC015303

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

NETHERLEE AND STAMPERLAND (CHURCH OF SCOTLAND)

Martin Aitken & Co Ltd Chartered Accountants Caledonia House 89 Seaward Street Glasgow G41 1HJ

NETHERLEE AND STAMPERLAND (CHURCH OF SCOTLAND)

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page
Report of the Trustees 1 to 8
Independent Examiner's Report 9
Statement of Financial Activities 10
Balance Sheet 11
Notes to the Financial Statements 12 to 23
Detailed Statement of Financial Activities 24 to 25

NETHERLEE AND STAMPERLAND (CHURCH OF SCOTLAND)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees present their annual report and financial statements of the charity for the year ended 31st December 2024. The financial statements have been prepared in accordance with the accounting policies set out in pages 12-13 of the accounts and comply with the General Assembly Regulations for Congregational Finance, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 effective 1st January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

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 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 cooperates with other churches in various ecumenical bodies in Scotland and beyond.

Mission

As part of the Church of Scotland, Netherlee and Stamperland Church is committed to worshipping God as Father, Son and Holy Spirit; therefore, in the name of Jesus Christ our Lord, we commit ourselves to serve the needs of all people who live in our parish.

We are a church seeking always to find new ways to love God and our neighbours, and within this mission we aim to:

This church seeks a commitment from its members to accept this statement and help realise its mission.

Page 1

NETHERLEE AND STAMPERLAND (CHURCH OF SCOTLAND)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Worship

Regular worship is held in the Main Sanctuary on Sunday Mornings, and in the Lesser Sanctuary on Wednesday mornings, with further informal fellowship enjoyed over refreshments after the services. The Sacrament of the Lord's Supper is celebrated five times in the year, including Easter Sunday.

Our Sunday worship continues to be streamed live and can also be viewed at any convenient time on our YouTube channel. The services are enjoyed by members who are no longer able to attend in person and also by regular viewers from much further afield. Some have a previous connection with our congregation and have moved away, but many have 'happened upon us' and stayed to enjoy the fellowship.

Members who wish to can also request a DVD or CD recording of Sunday services.

Transport to church can be a problem for some of our members, and we are therefore glad to be able to offer a minibus service to Sunday and Wednesday services. The bus is regularly full to capacity on a Sunday, necessitating a request for members who come by car to consider whether they might offer transport from time to time if it is needed.

We are indebted to the volunteer drivers and escorts who faithfully provide the minibus service week by week, and who are so generous with their time, allowing those bus passengers who wish to stay for tea and coffee and fellowship to do so, before being taken home.

The 2024 statistical return to Glasgow Presbytery shows that the Communion Roll contains 571 members. We lost 36 members by death and 16 by Certificate of Transference, so a fall of 52 from 623 at the end of 2023.

That said, Netherlee and Stamperland Church is blessed with a faithful and committed congregation with many gifts and these, together with the grace of God, will allow us to continue our ministry and enable us to be a Christian focal point in our local community.

Ministry

In June we were informed by that he had successfully applied for the post of Chaplain to the University of Glasgow and would be leaving us to take up that post in August.

He spoke warmly of his and the family's time with us and expressed his gratitude for the support and friendship extended to him and to

While sad to be losing him, the congregation wished well in this new challenge, and a meaningful service of farewell on the 25th August, followed by the presentation of gifts and a delicious lunch ensured he left confident of the prayerful support of our church family in his ongoing ministry.

As we moved forward with the processes involved in being a vacant charge, we were delighted at the appointment of as our Interim Moderator and continue to be grateful for her guidance and support in this time of

We have been further blessed by the appointment o as our Locum minister and are fortunate indeed to be led in worship, challenged, supported and encouraged by his preaching and thoughtful presence.

On 10th December we received permission to appoint a new minister on an unrestricted call and turned our thoughts to considering what sort of ministry we seek for this community in the months and years ahead, and we continue to work towards the appointment of the nominating committee which will work together to find the person called to be the next minister of this congregation.

In November we began to undergo the process of Local Church Review, and a representative of Presbytery spoke to the Session about the process. Designed to help a congregation to reflect on its activities, and consider areas which work well, and perhaps not so well, and from this, plan mission steps for the next few years, it was pointed out that carrying out the review should be beneficial when it came to formulating the Parish Profile in advance of advertising our vacancy. The review should be complete early in 2025.

Page 2

NETHERLEE AND STAMPERLAND (CHURCH OF SCOTLAND)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

We have continued to be blessed by the pastoral work carried out by our Pastoral Assistant, whose care is much appreciated by those she is supporting, whether at home, in hospital or in residential care. also participates in the rota of people leading worship in our local Care Homes, Williamwood House and Clarkston House, and has led Wednesday services and the Time to Remember service too.

The ministry of Care and Share, which delivers food to parishioners in a time of need, continues and lets the recipients know that we are thinking of them and wish to give practical as well as prayerful support, as does the ministry of flowers gifted from the arrangements which grace the sanctuary week by week.

Sunday Club

Though numbers attending continue to be small, the children more than compensate with their enthusiasm and faithful attendance. They enjoy Bible stories, crafts, games and activities led by the talented and dedicated leadership team, helping them to explore their faith. The children take great delight in supporting needy causes, in particular Starter Packs, with the help of members of the congregation who save the brown pennies which the children use to buy items for the packs given to people who are being helped out of homelessness.

The Senior section continues to meet intermittently, when study and work commitments allow, and the girls are happy to be involved in preparation for and participation in some of our worship, particularly the special Christmas services such as Christingle.

The Guild

The Guild meets on Thursday afternoons and enjoys a varied programme of speakers and activities. The current session theme is 'Let us Build a House', with the focus this year on 'Sure Foundations'.

With a membership of 44, the Guild is a thriving and vibrant part of our church life

Youth Organisations

We are glad to continue to welcome various voluntary Youth Organisations into our premises, and to encourage their dedicated leaders in the valuable work they carry out with youngsters in our community.

The Company Sections of 231 and 278 Boys' Brigade continue to meet jointly, with the younger sections - Anchor Boys and Junior Sections - of 231 and 278 meeting separately, in Stamperland Community Centre and Netherlee and Stamperland Church respectively. Both sections promote their boys to the jointly run 231/278 Company Section.

Girlguiding Netherlee continues to flourish with three Rainbow units, three Brownie units and one Guide unit using our halls and the nearby Scout hall for their varied activities

Education

Prior to his departure continued to lead Sunday evening study/discussion groups, using books by contemporary Christian writers, such as to explore faith. He also led another group trip to Iona, allowing its participants to experience the teaching, discussion groups and worship in the Abbey.

Forum

Now in its twentieth year, the Forum continues to meet monthly from September to March, offering a programme of distinguished speakers on many varied topics. Meetings are open to any member of the community and are very well attended. The first half of this session's programme included 'A German Childhood', 'Be Someone's Santa' and 'The Changing Role of the Pharmacist in the Community'. There is definitely always something for everyone!

Community Use

We provide facilities for all in the community regardless of whether they are members of our church or not.

Regular users include the Monday Lunch Club, the Forum, Trefoil Guild,Scottish Country Dancing, Golf-fit, Sounds International Choir, Eccentrics Fitness Class, Eastwood Stamp Club, Parents and Toddlers, Enjoy-a-Ball, Silver Swans Ballet Class and Clarkston After School Services (CASS). The halls are also available, and frequently used, for private functions such as children's birthday parties, family celebrations and even book launches.

We are also delighted to welcome children and staff from Netherlee Primary School to the church where they hold end of term assemblies at Christmas and Easter.

Page 3

NETHERLEE AND STAMPERLAND (CHURCH OF SCOTLAND)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Events

Many and varied events have taken place in the church over the year offering opportunities for social interaction, community outreach and involvement, and valuable fund-raising for a variety of worthy causes. We are grateful to the members of the congregation and local community who make each different event so successful. A flavour of what has taken place:

- January Group trip to Celtic Connections
- February Pancake Day!
- February Father Song Concert
- March Inaugural expedition of the Friday Walking Group
- March Community Awareness Event
- March Rock Choir Concert for Starchild
- April Poppy Scotland Coffee Afternoon
- May Concert by Melville Wind Quintet
- June Games night with our friends from Daniel House
- July The Men's Association Big Clean-up (my how those tables gleamed!)
- September "Welcome Back - How was your summer?" Brunch
- September Soup and Chat, last Wednesday of the month
- November Poppy Scotland Afternoon Tea
- December Christmas Tree Festival
- December Christmas Cakes made to order

Hospitality

Our church - quite rightly - has a reputation for great hospitality. We do enjoy fellowship over food! A wonderful, willing team is ready - often at the drop of a hat - to provide catering for many different events, from the regular Sunday coffees to delicious soup and pudding lunches and magnificent post-concert buffets, and we are grateful to them for all they do. However, it is not just the magnificent spreads, but often the smaller gestures which have great meaning. We are thankful for the providers of Care and Share (soup, simple meals or baking delivered to a household going through a challenging time), the Christmas breakfast packs so appreciated by many of our members, the celebration cakes made to be shared with the church family when someone has a special birthday or anniversary.

Outreach

Our membership continues to be unfailingly supportive of various causes outwith our immediate area. We are grateful to those who donate regularly to the Glasgow Southeast Foodbank, to Starter Packs, to the Cranhill Development Trust and to LHM. Your gifts of money and goods are much needed and gratefully received. We are grateful too to the faithful people who collect and deliver your donations to their various destinations on a regular basis. Our church also continues to support the work of Christian Aid both within our own congregation and as part of the wider Clarkston Churches Together Christian Aid Committee.

Even further afield, we continue our long-standing relationship with St Andrews Scots Kirk in Colombo, Sri Lanka who operate a trust fund for Netherlee Cottage, which is a halfway home for ladies who have previously been in the care of the psychiatry ward of the local hospital. Regular donations assist with maintenance and their running costs, and we receive regular bulletins about their progress.

We are also pleased to hear from Rev. Muriel Pearson, our missionary partner in Israel-Palestine, whose regular reports highlight particular areas of concern - and hope - in that troubled area, allowing us to offer focussed prayerful support.

Communication

We are fortunate that the vast majority of our membership can be contacted by email and are grateful to our Church Administrator r her diligence in maintaining email lists and disseminating information as needed. Much of the information is in the form of our monthly newsletter which is so ably edited by

In the late 2023 a small working group, chaired by , began work on a revamp of our church website. The work continues to progress and we look forward to having th w site up and running soon. As previously mentioned, a large part of our communication involves the weekly sharing of worship on our YouTube channel, and we are glad to be able to share worship far beyond the boundaries of our parish, and thankful for the dedicated AV team who facilitate this.

Page 4

NETHERLEE AND STAMPERLAND (CHURCH OF SCOTLAND)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

FINANCIAL REVIEW

Financial review

The financial results for 2024 were encouraging. Income, in the General Fund, increased by £10k from WFO, Gift Aid, Tax recovered and ordinary offerings. Our expenditure in the General Fund increased modestly from £223k to £226k, largely due to the increased costs of gas and electricity, cleaning and maintenance and repairs. Our ministry costs benefitted from a reduction of £21k in our allocation by the central church to our Giving to Grow allocation.

The Trustees acknowledge with gratitude the legacies totalling £51,000 received during 2024 from the estates of the late Smaller donations for the use of our premises are also gratefully acknowledged.

Investment policy and objectives

The Investment sub-committee monitors the investment performance of our investments with the Church of Scotland Investors' Trust. The market value of our investments held is £139,971 (2023 - £134,332).

As the cash balances / deposits stood at £598,888 at 31st December 2024, we have sufficient resources to meet the projected expenditure in the budget for the General Fund in 2025.

Reserves policy

The Trustees' policy is to hold reserves of at least 12 months expenditure in the Unrestricted Funds.

The balance on the Designated Property Fund (The Manse) amounts to £550,000.

The balance on our Unrestricted Funds amounted to 702,956, which is higher than our target range.

With the future uncertain during a vacancy the Trustees are content to hold this higher figure going into 2025 and will review it again at the end of 2025. They consider the balance is appropriate.

The Church also holds £43,566 of restricted funds at the year end, which has been provided for the purposes specified in Note 15.

FUTURE PLANS

A time of vacancy can be an opportunity for a congregation to reflect on its current practice and activities, as it considers the shape of its ministry under new leadership.

The Kirk Session has been considering the aspects of our church life which are working well, as well as those which may be less successful.

In the coming months we will be looking at ways in which we can best address the pastoral needs of our members, how we can achieve better communication and engagement with the wider community and outreach to the many young families in our parish.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Netherlee and Stamperland (Church of Scotland) is a registered charity (SC015303) and is administered in accordance with the terms of the Unitary Deed of Constitution.

It is subject to the Acts and Regulations of the General Assembly of the Church of Scotland, and its management is controlled by one court - the Kirk Session - responsible for both spiritual and temporal affairs.

Recruitment and appointment of new trustees

All Trustees are members of the Kirk Session with the exception of Associate Elders, who have no voting powers but are able to participate in the discussions of the Kirk Session.

The Kirk Session members are the Elders of the church and are chosen from those members who are considered to have the appropriate gifts and skills.

The new minister, when appointed, will become a member of the Kirk Session, having been elected by the congregation and inducted by the Presbytery.

Page 5

NETHERLEE AND STAMPERLAND (CHURCH OF SCOTLAND)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

The Kirk Session is moderated by the minister and meets formally 5 times a year. It is responsible for all affairs within the church under the Unitary Constitution. Additional meetings are arranged as required.

Responsibilities are delegated to the Finance Committee (bi-monthly), the Fabric Committee (monthly) and an additional 5 groups: Worship and Adult Education, Children and Youth Ministry, Mission, Planning and Communication and Pastoral Care who meet 4 - 5 times between Kirk Session meetings.

Risk management

Our 2024 budget predicted a deficit on the General Fund of £39,296. However, despite our falling roll, the congregation generously supported our appeal to review their givings and if individual circumstances permitted make a lump sum donation to offset the deficit. The response was tremendous and as a result the actual deficit was £7,435, some £32k better than expected.

With a vacancy, the future is more difficult to predict, but we do know the challenges that lie ahead in terms of congregational numbers, an ageing membership and a reduction in our income. We hope in 2025 to only see a modest reduction in our income (c£2k). More worrying is the loss of members through death, and the need to better communicate what we as a Church can offer our community.

We are an outward looking church and generously support needy causes, so we and our cluster group, Greenbank and Busby, need to collaborate with our community to be able to continue to do all the things we wish to.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number SC015303

Page 6

NETHERLEE AND STAMPERLAND (CHURCH OF SCOTLAND)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Independent Examiner Martin Aitken & Co Ltd Chartered Accountants Caledonia House 89 Seaward Street Glasgow G41 1HJ

Netherlee and Stamperland (Church of Scotland) is indebted to all Office Bearers, Trustees and organisation leaders who give of their time and talents on a voluntary basis to manage and execute the Church's activities.

Congregational number 161065

Page 7

NETHERLEE AND STAMPERLAND (CHURCH OF SCOTLAND)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

The law applicable to charities in Scotland, the Charities and Trustee Investment (Scotland) Act 2005, Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charity's constitution, requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charity's constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information on the congregation's website.

Approved by order of the board of trustees on 19 March 2025 and signed on its behalf by:

Trustee Session Clerk

Page 8

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NETHERLEE AND STAMPERLAND (CHURCH OF SCOTLAND)

I report on the accounts for the year ended 31 December 2024 set out on pages ten to twenty three.

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 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) 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 the independent examiner's report

My examination was 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 seeking explanations from you as 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 connection with my examination, no matter has come to my attention :

have not been met; or

Martin Aitken & Co Ltd Chartered Accountants Caledonia House 89 Seaward Street Glasgow G41 1HJ

19 March 2025

Page 9

NETHERLEE AND STAMPERLAND (CHURCH OF SCOTLAND)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Notes
INCOME FROM
Donations and legacies
2
Charitable activities
5
Charitable activities
Other trading activities
3
Investment income
4
Total
EXPENDITURE ON
Raising funds
Charitable activities
6
Charitable activities
Total
Net gains on investments
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
250,362
11,310
30,979
21,116
313,767
121
302,354
302,475
5,550
16,842
1,236,114
1,252,956		 Restricted
funds
£
18,060
-
-
1,621
19,681
-
18,401
18,401
89
1,369
42,197
43,566		 2024
Total
funds
£
268,422
11,310
30,979
22,737
333,448
121
320,755
320,876
5,639
18,211
1,278,311
1,296,522		 2023
Total
funds
£
275,470
138,952
25,512
15,415
455,349
116
444,416
444,532
9,189
20,006
1,258,305
1,278,311

The notes form part of these financial statements

Page 10

NETHERLEE AND STAMPERLAND (CHURCH OF SCOTLAND)

BALANCE SHEET 31 DECEMBER 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 10 550,000 550,000
Investments 11 139,971 134,332
689,971 684,332
CURRENT ASSETS
Debtors 12 17,164 10,500
Cash at bank 598,888 594,843
616,052 605,343
CREDITORS
Amounts falling due within one year 13 (9,501) (11,364)
NET CURRENT ASSETS 606,551 593,979
TOTAL ASSETS LESS CURRENT
LIABILITIES 1,296,522 1,278,311
NET ASSETS 1,296,522 1,278,311
FUNDS 15
Unrestricted funds 1,252,956 1,236,114
Restricted funds 43,566 42,197
TOTAL FUNDS 1,296,522 1,278,311

The financial statements were approved by the Board of Trustees and authorised for issue on 19 March 2025 and were signed on its behalf by:

The notes form part of these financial statements

Page 11

NETHERLEE AND STAMPERLAND (CHURCH OF SCOTLAND)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The financial statements are presented in Sterling (£).

Going concern

The Trustees consider that there are no material uncertainties about the ability of the charity to continue for the foreseeable future, and therefore has adopted the going concern basis in preparing the financial statements.

Financial reporting standard 102 - reduced disclosure exemptions

The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probably that the income will be received and the amount can be measured reliably.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. Dividends on investments are recognised once the dividend has been declared and notification has been received of the dividend due.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible 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 resourced expended in the Statement of Financial Activities in the period in which the liability arises.

Taxation

Netherlee & Stamperland Parish Church is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities. The charity is not registered for VAT and resources expended therefore include irrecoverable input VAT.

Fund accounting

Funds are classified as either restricted funds or unrestricted funds, defined as follows.

Restricted funds are subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal process, but still within the wider objects of the charity.

continued...

Page 12

NETHERLEE AND STAMPERLAND (CHURCH OF SCOTLAND)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES - continued

Fund accounting

Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees' discretion to apply the fund.

2. DONATIONS AND LEGACIES

2.
DONATIONS AND LEGACIES
Weekly freewill offering
Gift aided offerings
Tax recovered on gift aid
Legacies
Grants
Ordinary offering
Contribution from congregational organisations
Other income
Grants received, included in the above, are as follows:
Roofing
3.
OTHER TRADING ACTIVITIES
Use of premises
Utility warehouse scheme
4.
INVESTMENT INCOME
Deposit account interest
Dividends received		 2024
£
18,701
124,156
36,913
51,000
-
3,587
15,900
18,165
268,422
2024
£
-
2024
£
30,755
224
30,979
2024
£
18,604
4,133
22,737		 2023
£
16,816
116,268
30,041
46,974
45,000
4,991
11,562
3,818
275,470
2023
£
45,000
2023
£
25,218
294
25,512
2023
£
5,564
9,851
15,415

continued...

Page 13

NETHERLEE AND STAMPERLAND (CHURCH OF SCOTLAND)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

5. INCOME FROM CHARITABLE ACTIVITIES

Activity
Weddings and funerals
Charitable activities
Other income
Charitable activities
Grants
Charitable activities
Grants received, included in the above, are as follows:
Listed Places of Worship
6.
CHARITABLE ACTIVITIES COSTS
Direct
Costs
£
Charitable activities
318,987		 2024
£
1,916
-
9,394
11,310
2024
£
9,394
Support
costs
£
1,768		 2023
£
662
34
138,256
138,952
2023
£
138,256
Totals
£
320,755

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

During the year, one trustee (the Minister), received travelling expenses of £1,018 (2023 - £1,392) and telephone and other expenses of £1,037 (2023 - £1,059).

Council tax of £2,381 (2023 - £3,916) was paid for the Manse.

During the year a total of £27,460 (2023 - £30,350) was donated to the congregation by trustees. The anonymity of the open bag contributions prevents the church from quantifying trustees' donations included in this category.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

8. STAFF COSTS

Wages and salaries
The average monthly number of employees during the year was as follows:
Administration		 2024
£
14,741
14,741
2024
2		 2023
£
15,318
15,318
2023
2

No employees received emoluments in excess of £60,000.

continued...

Page 14

NETHERLEE AND STAMPERLAND (CHURCH OF SCOTLAND)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

8. STAFF COSTS - continued

All Church of Scotland congregations contribute to the National Stipend Fund which bears the cost of all ministers' stipends and employers' 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 (in the fifth and subsequent years) was £38,884.

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME FROM
Donations and legacies
Charitable activities
Charitable activities
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Charitable activities
Total
Net gains on investments
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
217,798
138,952
25,512
15,415
397,677
116
387,392
387,508
8,829
18,998
1,217,116
1,236,114		 Restricted
funds
£
57,672
-
-
-
57,672
-
57,024
57,024
360
1,008
41,189
42,197		 Total
funds
£
275,470
138,952
25,512
15,415
455,349
116
444,416
444,532
9,189
20,006
1,258,305
1,278,311

Page 15

continued...

NETHERLEE AND STAMPERLAND (CHURCH OF SCOTLAND)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

10. TANGIBLE FIXED ASSETS

COST
At 1 January 2024 and 31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023		 Freehold
property
£
550,000
550,000
550,000

The manse was valued on an open market basis at 31 December 2022. The trustees' have agreed that a valuation should be obtained every 3 years.

11. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
Listed
investments
£
MARKET VALUE
At 1 January 2024 134,332
Revaluations 5,639
At 31 December 2024 139,971
NET BOOK VALUE
At 31 December 2024 139,971
At 31 December 2023 134,332
There were no investment assets outside the UK.
Cost or valuation at 31 December 2024 is represented by:
Listed
investments
£
Valuation in 2024 139,971

The original cost of listed investments is £73,791 (2023 - £73,791).

Page 16

continued...

NETHERLEE AND STAMPERLAND (CHURCH OF SCOTLAND)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Prepayments and accrued income
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
14.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Restricted
funds
funds
£
£
Fixed assets
550,000
-
Investments
139,971
-
Current assets
572,486
43,566
Current liabilities
(9,501)
-
1,252,956
43,566		 2024
£
15,141
2,023
17,164
2024
£
9,501
2024
Total
funds
£
550,000
139,971
616,052
(9,501)
1,296,522		 2023
£
9,346
1,154
10,500
2023
£
11,364
2023
Total
funds
£
550,000
134,332
605,343
(11,364)
1,278,311

continued...

Page 17

NETHERLEE AND STAMPERLAND

(CHURCH OF SCOTLAND)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

15. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Unrestricted funds
General Fund
Fabric Reserve Fund
General Legacy Fund
Properties Fund
Organ Fund
Restricted funds
Stained Glass Window Fund
James Nelson Trust Fund
Stanley Mair Memorial Fund
Flower Fund
Sunday Club Fund
Sunday & Wednesday Coffee Fund
The Guild Fund
Choir Fund
Monday Lunch Club
Kean Bequest Fund
Audio Visual Fund
TOTAL FUNDS		 At 1/1/24
£
5,125
351,509
325,423
550,000
4,057
1,236,114
2,647
13,145
16,608
1,823
2,338
2,342
445
133
1,455
1,261
-
42,197
1,278,311		 Net
movement
in funds
£
(7,435)
(34,453)
58,401
-
329
16,842
110
(863)
1,023
(4)
42
81
34
(60)
6
-
1,000
1,369
18,211		 Transfers
between
funds
£
15,000
(15,000)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 At
31/12/24
£
12,690
302,056
383,824
550,000
4,386
1,252,956
2,757
12,282
17,631
1,819
2,380
2,423
479
73
1,461
1,261
1,000
43,566
1,296,522

continued...

Page 18

NETHERLEE AND STAMPERLAND (CHURCH OF SCOTLAND)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

15. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General Fund
Fabric Reserve Fund
General Legacy Fund
Organ Fund
Restricted funds
Stained Glass Window Fund
James Nelson Trust Fund
Stanley Mair Memorial Fund
Flower Fund
Sunday Club Fund
Sunday & Wednesday Coffee Fund
The Guild Fund
Choir Fund
Monday Lunch Club
Audio Visual Fund
TOTAL FUNDS		 Incoming
resources
£
217,107
41,125
55,206
329
313,767
110
737
934
1,606
353
5,764
3,991
314
3,872
2,000
19,681
333,448		 Resources
expended
£
(226,897)
(75,578)
-
-
(302,475)
-
(1,600)
-
(1,610)
(311)
(5,683)
(3,957)
(374)
(3,866)
(1,000)
(18,401)
(320,876)		 Gains and
Movement
losses
in funds
£
£
2,355
(7,435)
-
(34,453)
3,195
58,401
-
329
5,550
16,842
-
110
-
(863)
89
1,023
-
(4)
-
42
-
81
-
34
-
(60)
-
6
-
1,000
89
1,369
5,639
18,211

continued...

Page 19

NETHERLEE AND STAMPERLAND (CHURCH OF SCOTLAND)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

15. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General Fund
Fabric Reserve Fund
General Legacy Fund
Properties Fund
Organ Fund
Restricted funds
Stained Glass Window Fund
James Nelson Trust Fund
Thomas White Legacy Fund
Stanley Mair Memorial Fund
Flower Fund
Sunday Club Fund
Sunday & Wednesday Coffee Fund
The Guild Fund
Choir Fund
Monday Lunch Club
Kean Bequest Fund
TOTAL FUNDS		 At 1/1/23
£
17,798
370,401
273,859
550,000
5,058
1,217,116
2,574
12,556
2,801
15,550
1,562
2,135
1,562
318
141
729
1,261
41,189
1,258,305		 Net
movement
in funds
£
(22,673)
(8,892)
51,564
-
(1,001)
18,998
73
589
(2,801)
1,058
261
203
780
127
(8)
726
-
1,008
20,006		 Transfers
between
funds
£
10,000
(10,000)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 At
31/12/23
£
5,125
351,509
325,423
550,000
4,057
1,236,114
2,647
13,145
-
16,608
1,823
2,338
2,342
445
133
1,455
1,261
42,197
1,278,311

continued...

Page 20

NETHERLEE AND STAMPERLAND (CHURCH OF SCOTLAND)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

15. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General Fund
Fabric Reserve Fund
General Legacy Fund
Organ Fund
Restricted funds
Stained Glass Window Fund
James Nelson Trust Fund
Thomas White Legacy Fund
Stanley Mair Memorial Fund
Flower Fund
Sunday Club Fund
Sunday & Wednesday Coffee Fund
The Guild Fund
Choir Fund
Monday Lunch Club
Roofing Grants
TOTAL FUNDS		 Incoming
resources
£
197,612
148,660
51,279
126
397,677
73
589
-
698
1,686
203
3,102
2,854
180
3,287
45,000
57,672
455,349		 Resources
expended
£
(225,736)
(157,552)
(3,093)
(1,127)
(387,508)
-
-
(2,801)
-
(1,425)
-
(2,322)
(2,727)
(188)
(2,561)
(45,000)
(57,024)
(444,532)		 Gains and
Movement
losses
in funds
£
£
5,451
(22,673)
-
(8,892)
3,378
51,564
-
(1,001)
8,829
18,998
-
73
-
589
-
(2,801)
360
1,058
-
261
-
203
-
780
-
127
-
(8)
-
726
-
-
360
1,008
9,189
20,006

General Fund

Dealing with day to day income and expenditure.

Fabric Reserve Fund

Maintenance of the fabric of Church Properties.

General Legacy Fund

For the receipt of unrestricted legacies.

Designated Properties Fund

Represents the current valuation of the property. The trustees have agreed that the valuation should be done every 3 years.

Designated Organ Fund

For repairs to the Church organ.

Stained Glass Window Fund

To assist in the cost of maintenance and repair of Church windows.

James Nelson Trust Fund

To assist in the promotion of Christian Youth work, particularly those that have an association with Netherlee Church or the Nelson family.

Thomas White Legacy Fund

Grants to General Congregational Funds of the Church with the power to assist any extra parochial objects, which may need assistance.

continued...

Page 21

NETHERLEE AND STAMPERLAND (CHURCH OF SCOTLAND)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

15. MOVEMENT IN FUNDS - continued

Stanley Mair Memorial Fund

To apply the income to fees and expenses incurred by persons invited to lecture on preaching in the Department of Theology at Glasgow University and preach at Netherlee Church.

Flower Fund

To provide flowers for display within the Church.

Sunday Club Fund

To resource and enable the Sunday Club to support various charities.

Sunday/Wednesday Coffee Fund

To purchase commodities for after service coffee with the surplus distributed to charity.

The Guild Fund

Surplus distributed to charities.

Choir Fund

To purchase music and fund resources for the choir.

Monday Lunch Club

To facilitate running of lunch club for dementia sufferers and their carers.

Kean Bequest Fund

To provide elder training.

Audio Visual Fund

Towards the cost of TV screens and related IT for the Church.

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2024.

17. FUNDS HELD ON BEHALF OF NETHERLEE AND STAMPERLAND (CHURCH OF SCOTLAND)

In addition to the assets reflected in the foregoing financial statements, there are sums held on behalf of the Church by the General Trustees of the Church of Scotland. The balance remaining in the hands of the General Trustees of Scotland at 31 December 2024 is £4,514 (2023 - £3,313).

18. VOLUNTEERS

In common with all 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 the congregational life which rely on the contribution of the volunteers are many and varied and much of the activity would be unable to continue were it not for the commitment shown.

continued...

Page 22

NETHERLEE AND STAMPERLAND (CHURCH OF SCOTLAND)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

19. COLLECTIONS FOR THIRD PARTIES

2024 2023
£ £
Shelter - 446
Sri Lanka Netherlee Cottage 479 299
LHM 293 212
CHAS 423 94
SE Foodbank 415 95
Poppy Scotland 15 -
Williamwood House 166 -
Christian Aid 65 -
Tabeetha School 220 -

Page 23