St Rollox Church of Scotland:Glasgow Receipts and Payments Accounts For Year Ended 31 December 2024 Congregation No: 161018 Charity No: SC015459 St Rollox Church of Scotland is a registered Scottish Charity ISC0154591 and is part of The Church of Scotland St Rollox Church of Scotland:Glasgow Reference and Admlnlstratlve InformatSon Charity Name.. Charity Registration Number= Congregation Reference Number-. Contact Address St Rollox Church of Scotland=Glasgow SC015459 161018 Independent Examiner Bankers: Virgin Money 2-4 Royal Exchange Square Glasgow GI 3AB St Rollox Church of Scotland:Glasgow Trustees, Annual Report For the Year Ended 31 De￿mber 2024 Structure, Governance and Management GovèrninB Docwment The Church is administered in accordance with the terms of the Model Oeed of Constitution. Recrultment and Appolntment of Trustees Members of the Kirk Session and the Congregational Board 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 ￿fts and skill5. Currently, St R¢Jllox Church. being a vacant charge. is supported by an Interim Moderdtor appointed by The Presbytery of Glasgow. The Interim Moderator is a member of St Rollox Church Kirk Session for the duration of the Interim Moderator5hip The Congregational Board is appointed from within the congregatFon and members of the con8regation are invtted to nominate individuals who are believed to have the skills and cornmitment to contribute to the rnanagement affairs of the Church. to become member5 of the Board. Board Member5 are then appointed at the Ststed Annual Meeting and serve for a period of three years after whith they must seek re-election at the next ststed Annual Meet¢ng. Organlsatlonal Slruciure The Kirk Session. which meets normal￿ six times a year. is responsible for spiritual affairs Within the church. The Congregattonal Board is responsible for the temporal affairs of the thurch. It is chaired by the minister or a desi8nated member. elected from its membership, and normally meets SIX times in a year. Certain financial and fabric re5ponsibi1sties are delegated to the Finance Teams and Property Teams as appropriate. Obiertive5 and Actlvltle5 The Church of Scotland is Trinitarian in doctrine, Refonned in tradttion and Presbyterian in polity. It exists to glorify God and to work for the advancement of Chrisvs ￿ingdOM throughout the wodd. As 3 national Church, r( 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 VariOLts ecumenic31 bodie5 in Scotland and beyond. Athlevements and PerFornian The Congregation has been steadfart in our weekly Sunday Servi￿ attendan￿. There were new members who joined the congregation in 2024. This included 6 young people and 4 adults. publicly professing theirfaith to take on the membership of St rollox Church. As a congregation, we have benefrtted from the leadership and guidan￿ of the pulpit supply with the engagement of the young p￿pIe in leading praise and worship by showc35ingtheir God given talents. We are Still goin8 through the process of the Presbytery Mission Plan and there has been changes to the membership of auster IF in temis of the drfferent congregations. St Rollox was a150 involved in the Sighthill Comrnunity Christmas Carol and tree lighting event as choirs. Despite the uncertainties of 2024. we have witnessed the gra￿ and mercies of God at St Rollox in 2024 Finantlal Revlew 2024 proved to be a difficutt year for St Rollox Churth from a finanaal point of wew. In particular, the General Fund Year End balan￿ showed a drop in the c105ing value compaied with 20231£9150 v £125651. This was disappointin& though it 15 important to appreciate that we neveT the less met all our committnents for the year and the dosing balance of £9150 is a positive posltion. A brief summary analysi5 shows that the General Fund regular income dropped from £44894 in 2023 to £42343 in 2024. At the same time. our costs, especially Energy Costs, increased from £39519 In 2023 to £45758 in 2024. We are subscribers to Genernl Tw5tees Energy contracts which, after a 3 year fixed rate, introduced new supplier5 and new rntes from Sept 2023 for Electririty and from April 2024 for Gas. Both handovers experienced difficuttyes and indeed our 2024 Accounts includes Electricity Charge5 from 2023 amountingto more thèn £13￿ billed to us in 2024. The Congregational Board continues to oversee the statu5 of our Restritted Funds. each of which is meeting it's purpose. As the cost5 associated wf(h running our new building become dearer afterthè Covid interuption. and significantly increased contrTrbutions are demanded in 2025 from our Central Church, the Board has already planned a financial re¥iew during the tst quarter of 2025 Reserves Pollry St Rollox Church, financial poliry is to make best use of the wft5 received throu8h God's grace and goodnes5 forthe lurtherance of his kingdom. Consequently. the Board has not fom)ulated a spectfic'Reserves Policy, to butld up and store fund5. b￿. mindful of any known future expense. Simp￿ applies wise and prudent application of the gifts received. Statement o*Trustees' Responsibilities The Trustees must piepare financial ststements which give sufficient detail to enable an appreciation of the transartions of the Church during the financial year. The Trustees are responsible for keeping proper accounting recoid5 which. on request. m¢Jst refiert the financial positiofi of the Church at that tlme. This rnust be done to ensure that the financial statements cofflply with the Charities and Trustee Investment (Sco￿and) Act 2CQ5. the Charityes Accounts Iscotlandl Re8ulations I￿6 las amended) and the Regulations Anent Congiegational Finance approved by the General Assembly of the Church of Scotland in 2016. They are also responsible for safeguarding the assets of the Church and must take reasonable step5 for the prevention andlor detectlon of fraud 3nd other irre8ularitie Approved bv rhp TryiEfpp￿ nn 1 E FKdbrii?rv ?n?5 ènd signe(l on their beh31f bv= Session Uerk St Rollox Church of Scotland:Glasgow SC015459 Independent Examiner's Report to the Trustees of 5t Rollox Church of 5cotland:Glasgow I report on the accounts of the chartty for the year ended 31 December 24 which are set out on page5 6 to 11. Respertive responslbllltles of trustees and examlner The charity's 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 Charities Accounts Iscotlandl Regulations 2006 las amended). The charity trustees consider that the audit requirement of Regulation 10{l}Idl of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44111(c) of the Act and to state whether particular matters have come to my attention. Basis of independent examinerfs statement An examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotlandl Regulations 2006135 amended). 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 concernin8 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 examinerfs statement In the course of my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with Section 44 (11(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations las amended). and to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations las amended) have not been met. or 2. to which, in my opinion. attention should be drawn in order to enable a proper understandin8 of the accounts to be reached. Name: Address: Date: 10 March 2025 St Rollox Church of Scotland:Glasgow Charity Registration Number: SC015459 Receipts and Payments Account Year ended 31 December 2024 Unrestrirted Funds 2024 Re5trirted Endowment Funds Funds 2024 2024 Totsl 2024 Totsl 2023 Recel Donations Income from Charitable Activities Bank & Deposit interest 38641 710 622 7533 46174 710 1766 74619 2370 2746 1144 39973 8677 48650 79735 Use of premises Grants Sale of assets Sale of investments Other Receipts Totsl Recei 2370 2370 400 42343 8677 51020 80135 ments Costs of generatin8 funds Charitable activities St Rollox Con8regation New Church Build CPO Compensation Fund Governance costs 45608 45608 3306 979 39369 5173 23649 3306 979 150 150 150 Total Pa ments 45758 4285 50043 68341 Excess of Receipts over Payments for the year before transfers -3415 4392 9T1 11794 Transfers Excess of Recelpts over Payments for the year -3415 4392 977 11794 St Rollox Church of Scotland:Glasgow Charlty Registration Number: SC015459 Statement of Balances At 31 December 2024 Unre5trirted Restrlcted Endowment Funds Funds Funds 2024 2024 2024 Total 2024 Total 2023 Bank & De osit Balances Bank & deposit balances brought forward 12565 93301 105866 94072 Movement in year: Excess of Receipts over Payments for the year -3415 4392 977 11794 Bank & deposit balances carried forward 9150 97693 106843 105866 Investments at market value Assets Gift Aid Tax Refund Receivable 60¢J) 8000 Liabilities Gas Systems Management Emergency Lighting Maintenance Total due to be Billed 9CKI 950 1850 950 1850 The accounts were approved by the Klrk Sesslon and Financial Board on 15 February 2025. For and on behaff of the K7rk Session and Financial Board Session aerk Treasurer St Rollox Church of kotland:Glasgow Charity Registratlon Number. SC015459 Notes to the Accounts Year ended 31 December 2024 l. Trustee Remuneration and Relat*d PartyTransactlon5 2 Trustees recewed reirnbursernent of expenses i#¢urred on ￿half0f St Roltox totall1￿ £271.01 Other than the declaration5 al￿e, no tnwee or a person rek)ted to a tr￿tee had any rwJ)nal interest in anyconlract oriransartio entered into by the charity. 2. Movements In Funds Atljan At 31 Dec 2024 Recelpts Payments Transfers Unrestrlrt¢d lur General Fund 12565 42343 45758 9150 Totsl: Unrtstrkted fvnd5 4575B 9150 Re5￿cted fuAds Outreach Developrnent Fund through TMF St Rollox Con8re8ation Church Build Fund CPO Compensation Fund Total: Restricted funds 8105 572 55WI 40494 2198 97693 43228 3177 3306 979 4185 Endowmemt funds Endownment Funds Ifict)me Tptal All Funts 105866 51020 106843 Funds R¢prtronted By: Ifirgin Bank Current Attt￿nt £ts.922 VSrgin Bank char￿ DepositAttou Total Funds All A(￿nts ,921 £106.843 Purposes of Unrestrlrted Fth)ds General Fund.. Thls fund supwjrtsthe everyday operational work ol the church Purposes of Restrlcted Funds Outreach Development Fund thr￿h TMF: St Rolbxchufch and Torrance Parish Church ha¥ea long standin8 friendship and as partof this. TPC'S members who donate to TPC'S Missbon Fund ITMFI. may direct their donation to arry of the TPC Mission options. Those TPC metnbers selecting St Rollox as thÈlr thoKe of Outreach Support. are the donov5 to St Rollox of this generous annvèl dtsnation. The objective for St Rollox congregation is to en8a8e in new attNitiÈ5 venture5 aimed at making ChrisV5 narne better known amongst our new, developing community in Sighthill. St Rollox Congregatl¢)nal New Church Bulld Fund.. This RestrKted Fund has been set up to finance the fitting out of the new £hurch buildi￿8 Wlth the necessary eouiptmentfor worship. fellowship arld outreach. Increasingty. the fund will also provide financial support for on8oiTrg buildin8 maintenarKe and repaircost5 CPO Compensatlon Fund: Underthe terms ofthe CPO Coveri￿ the move from No9 to No 70 FouThtsinwell Road, the congregation was permitted to clairn for cornpeTrsation in respett of very Specif￿ costs Ir￿Urred. As these funds were unpLinned terms of our bsJd8eting for 2023. we opted to use them to carry out longoutstandlng Improvements to the church manse in preparation of a new ministerial appointmÈnL A Small balarKe remalnswhkh will be used in tlme Purposes ot Endowment FufKIs St Rolb¥ Church does rnt hold any ènd(Jwrnentlund5 J. Anafysls of Rocèlpts Fund5 nds 2024 Total 2024 Tthal 2023 2024 Analysi% of OonatiDns Gift Aid WFO WFO scheme Inoft Gift ￿dI Tax Recovered on GiftAid t￿nat￿r rax Recovered on GASDS Ordinary Offerings Iopen Platel Gift Aid Donations Weddings and Funerd Other Offerin8s. D0Tr3tlons ett Totsl: Donatio 21306 4269 21306 4269 6649 1816 23373 4275 5694 ioio 5713 1816 160 160 7533 7533 34494 7533 46174 74619 Other Receipts Bank Interest Use of Premises IrKome frorn Charitable Activities INGDI Sale of assets Grants Other Receipts Total: Other Re￿Ipts 622 2370 710 1144 1766 2370 2746 710 2370 3702 1144 5516 Totsl Retelpts 42343 51020 80135 4. Aoaty51s of Paymeb Jr FUN15 nds 2024 Tthal 21ll4 Totsl 2023 Costs of8enera1l￿I￿nd5 Offering erwelope5 Charitable artTr¥ltles Worldwtde Mln15trles and Mlssknn Commitment Givin8 to Grow Commitrnent Presbyiery Dues Total: Mlnistries ond Mt551onCommlbhtrt 12523 2612 12523 2612 11907 663 15135 tsu5 12570 Local Mln15try Staffi￿cO$ts Ministerfs Travel Expense5 Pulpit Supp Organist Church aeanin8 Totol: Lts￿ Mknhtry Stsffiry C¢*ts 160 5280 1150 1155 6120 6120 7745 Chvrth.. BuildingSN Servlces and maintena1￿ Costs Property Insurance (Church and Mansel Ener8y Supplie5-. Gas and ser¥￿e Ctsntrart Energy Supplies.. Electricty Gas Systems Managetnent Security Alam Systerns Fire Alarm Maintenance and Annual Check Flre Protertion Equipment and Ann1￿1 Cherk Emergency Lighting Annual Maintenance and check Water & Sewerage Church Grounds and Gardens Maintenance COVID 19 Cornpliance Costs Fabric Repairs & Maintenance General ActNity Running ExpeA5es 3268 3678 3268 3308 1543 2525 3678 5152 5152 264 264 Z64 264 246 609 366 198 955 246 1800 70 1428 1319 1319 Totsl: Chur¢h BuHdiw Costs: 16699 12802 ma￿￿. Bulldlngs, S•r¥kes and Malnt•yn¢• Cosis Security Heating Service Contract Energy Councll Tax Property Rep4irs and Maintenance Garden Maintenance 135 270 135 270 77 132 270 1565 .779 675 675 200 Totsl: Man%e Bulldlw Costs 1157 1157 ChAstian Outrez(h.Teachlry ond Ethntion Church Catering Church Lunches Christian Outreach 73 517 3(8 309 128 18 sunday CIL¥b5 and Teenagers Scripture Union Camp5 Total: Chri5tlan Outreath, Teach1￿ and EthJo￿o 2080 437 437 Christian Partnerships Total.. Chrisiidn Partne15.Iip5 other General Local Cost5 Bank Charges Printin& st3tionery, photocopying Telephones and Broadband Cornmunicatkjn Technology & CCLI LKerKe5 Church Gifts and Presentations 913 679 913 679 826 510 Total: Other General L(Kal costs 1671 1336 St Rdlox Conuregation New Churth Bulld ￿ftd Furnltur@ & Equiprnent Annual Service and MaintenarKe Costs Repairs 76 1430 3667 510 2112 510 2112 Totsl: 5t Rollox P4ew Church Bulld Fund 5173 CPO Compen5atlon Fund Garden Maintenance Security Alarrn Re