**REGISTERED CHARITY NUMBER: SC015863** **Report of the Trustees and** ## **Financial Statements for the Year Ended 30 September 2024** **for** ## **Erskine Church Of The Nazarene** Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB **Erskine Church Of The Nazarene** **Contents of the Financial Statements for the Year Ended 30 September 2024** ||**Page**| |---|---| |**Reference and Administrative Details**|1| |**Report of the Trustees**|2 to 3| |**Independent Examiner's Report**|4| |**Statement of Financial Activities**|5| |**Balance Sheet**|6| |**Notes to the Financial Statements**|7 to 15| **Erskine Church Of The Nazarene** **Reference and Administrative Details for the Year Ended 30 September 2024** ## **TRUSTEES** ## **PRINCIPAL ADDRESS** ## **REGISTERED CHARITY NUMBER** Rashielee Avenue Erskine PA8 6HA SC015863 ## **INDEPENDENT EXAMINER** Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB ## **BANKERS** Bank of Scotland Bridgewater Shopping Centre Erskine PA8 7AA Page 1 Erskln• Church OlTh• Ma2ar•n• Report of the Trustees for the Year Ended 30 Sept•mb•r 2024 The trustees present Iheir report wth the fina￿la1 state￿￿lS of the tharity tor ￿ year ended 30 September 2024. The trustees have adopted the prowwons ol AcccoJntiThJ and ReportitvJ by Charities.. Statement of Recommended Practice 8pplicablè to charitiès preparirrfj t￿1r accounts in accorda￿& Ihè Finan(xal Rèrxxt"ng Slandard 8ppIiG4blè in thè UK and Republic ol Ireland IFRS 1021 leffed1￿ 1 January 20191. OWECTIVES AND ACTivmES Oblo¢tlve$ and •lms The main charitable purpDse is to prorrKJte the advancerrent of the Christian Religion thrc*Jgh Mission. Educab'on. Citizenship. c￿MUnitY Development, Soaal Translormat*Jn, compa￿Onate Rdief, aThJ the PreVentK￿ and Relief ol Povety. Our purposes. as re¢x)rded in the "Manual" are the a(fvanw￿nI ol the Christian Faith thrO￿h Mission, Discipleship, Fellowship. Teaching. and the Care of our fell￿￿ men thr￿gh works of Compassh)n. ACHIEVEMENT AND PERFORIIANCE Charltablo actlvltl During the Financial Period to 30th Seplember 2024 we have conlinued as a churth to fijnction as a Christian felk)wship of believers deeply rooted in the communities of Erskine. Inchinnan and Bishopton. vthh members and attendees also drawn from o¢her communib.es in nryth Renfrewshire awKJ west Glasgow. SupFrfyI is offer&J to these COMMUnrt￿ and our member8 through a variety of ministries. A prorrty1ion of the gen8ral of lh8 clwrth ffj dwgn8led ty tr* TnJsl885 and as grants lo lh8 d8nomin81ion for nats'onal adminlstralhjn aTrJ Intemati(Thl n458ion. Olher grants have been made to tharities have a connectlon to the Membership. We understsnd crtjr mission lo be Yransfcrfming wc*kJ by c¢mn￿ling pw to a)rfst, nurturfrvJ lovè for Gc#J and others. and walking in ¢he Spirit & discx)vering Thwjre toJelher.- Our CO￿ V81uo8 8rn.' 1. Hosytslity. 2. Unty. 3. Gowosty. 4. Sustsinabilty. S. Inttrarity. This accountlThJ period began wrth a staffirKJ16vo1 of Bolh 51or5 work part-ts'mè totalling 60 fK)urs per wee wa5 recruited ￿ 12 August 2024 on a er is part-lime totalliThJ 23 hours p8r week. commence JaGI lo £ove¥ malernily leavc. U5 rok as ommuni High ptynls ol t￿ ¢hur¢h lifo IrKI￿le.. The Table h83 r￿trnUed to flourish with an average ol ￿ - 60 per rTh)nih being led. We have buitt a Strong relationship wth ￿ttle1nch Rashdee Care Home and the residents and staff have felt thal The Table has been huge benefit (o them. We were do1￿hlad to rocoN8 arnther grant 01 £10,LYM) from the Natkjnal Lottery to cC￿tinUe The Table lor al leasi 12 MO￿ months. Contsnuing our partnership with other local churches a part of Erthne & Bishopton Churches Together to provide communrty cinema nights, a communty fun day, a sunwn8r holiday dub, suppcwt to the asylum seekers hoLtsed in the Erskine Hotsl. and olhw evwts a)d The tha￿air￿Y leam were at4e to ddiver the news at the Christmas and Easter aSSeM￿leS at Park Main3 High Sthool. Th8 thildrèn of (L￿grega￿on uganis&J and led a sarvie8 fof tha c))ngregatK￿. Our nwsic leam carc4s al Erskne Christmas IvJht sw1tth-(￿. We enjoyed a commLmty day ojt tco8ther at t)umlries HC￿e. Celebrated baptism5 in November, FeLxu8ry, 8nd March. Page 2 **Erskine Church Of The Nazarene** ## **Report of the Trustees** ## **for the Year Ended 30 September 2024** ## **FINANCIAL REVIEW** ## **Financial position** The charity generated a net surplus of £4,920 for the year ended 30 September 2024 (2023: surplus of £17,838). At 30 September 2024, the reserves totalled £1,425,499 (2023: £1,420,579), which comprises unrestricted free reserves of £36,369 (2023: £37,119), and restricted funds of £1,389,130 (2023: £1,383,460). ## **Reserves policy** Reserves are needed to bridge the gap between the spending and receiving of income and to cover unplanned emergency repairs and other expenditure. The board adopted a formal reserve policy to provide two months of charitable running costs. At current level of expenditure this would equate to £19,538. At 30 September 2024, unrestricted free reserves stood at £36,369 (2023: £37,119). The trustees continue to seek methods of generating unrestricted income. The Trustees meet annually in budgetary session to:- - Work with the church treasurer in setting the spending and funding targets for the ensuing 12 months. These budgets are proposed by the Finance Team - Review accounting policies, and their appropriate application. The Treasurer is accountable to:- - Provide monthly Financial Statements for the church board. - Work with the Trustees to: - Assess development needs for the church buildings. - Review and set budgets annually ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** Trustee's Responsibilities The Board seeks to follow Scottish Charity Law in the preparation of financial statements for each financial period that show a true and fair view of the state of affairs of the charity and its financial activities for that period. In preparing those financial statements the trustees seek to: Maintain suitable accounting policies and apply them consistently. Make judgements and estimates that are reasonable and prudent. State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements. Prepare the financial statements on the ongoing concern basis unless it is deemed inappropriate to assume that the charity will continue in business. Further, the Trustees recognise their responsibility: To keep proper accounting records that 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 and the Charities Accounts (Scotland) Regulations 2006 (as amended) for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the board of trustees on ............................................. and signed on its behalf by: - Trustee Page 3 ## **Independent Examiner's Report to the Trustees of Erskine Church Of The Nazarene** I report on the accounts for the year ended 30 September 2024 set out on pages five to fifteen. ## **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 : - (1) which gives me reasonable cause to believe that, in any material respect, the requirements - to keep accounting records in accordance with Section 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 to comply with Regulation 8 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 understanding of the accounts to be reached. Brett Nicholls Associates Herbert House 24 Herbert Street Glasgow G20 6NB Date: ............................................. Page 4 ## **Erskine Church Of The Nazarene** ## **Statement of Financial Activities for the Year Ended 30 September 2024** |**Notes**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
Other trading activities
3
**Total**
**EXPENDITURE ON**
**Charitable activities**
4
Nazarene Church activities
**NET INCOME/(EXPENDITURE)**
**Transfers between funds**
14
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**Unrestricted**
**funds**
**£**
73,459
32,472
105,931
108,839
(2,908)
2,158
(750)
37,119
36,369|**Restricted**
**funds**
**£**
16,212
-
16,212
8,384
7,828
(2,158)
5,670
1,383,460
1,389,130|**2024**
**Total**
**funds**
**£**
89,671
32,472
122,143
117,223
4,920
-
4,920
1,420,579
1,425,499|**2023**
**Total**
**funds**
**£**
94,312
32,258
126,570
108,732
17,838
-
17,838
1,402,741
1,420,579| |---|---|---|---|---| ## **CONTINUING OPERATIONS** This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities in both years Comparative figures for the previous year by fund type are shown in note 9. The notes on pages 7 to 15 form part of these financial statements Page 5 Erskln• Church 01 Th• Ma2ar•n• Balance Sheet 30 September 2024 2024 FIXED ASSETS Tangible assets 10 1,294.402 1,287.702 CURRENT ￿SET8 Debtors Cash at bank 7,512 125433 13,363 121 763 132.945 135,126 CREDITORS Amounts falling du8 within one year 12 {1.8481 12,2491 NEf CURRENT ASSETS 131.097 132877 TOTAL ASSET8 LE&8 CURRENT LIABILrnES 1,425.499 1.420,579 NET ASSETS 1,425.499 1.420 579 FUNDS Unrestricted lunds: G&nèral lund Building Fund Missions Intemational Childion's Ministrt8S 14 125,7541 47,651 11.080 120,6561 46,840 11.080 1451 36.369 37,119 Restrfcted fvnds 1.383 460 TOTAL FUNDS 1,425,499 1.420,579 The finanual statements 8pyovod by Ihe eoard of Tnjslees antj au¢h￿l￿ ts issue on ............................................. and were siqned on its beh81f bv.. rus ee The notes on pages 7 to 15 frmi part of fina￿1 statements Page 6 **Erskine Church Of The Nazarene** **Notes to the Financial Statements for the Year Ended 30 September 2024** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** Erskine Church of The Nazarene ("the charity") is a unincorporated charity and governed by its constitution. It was registered as a charity in Scotland SC015863) on 18 September 1986. Its registered address is Rashielee Avenue, Erskine, PA8 6HA. ## **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. The financial statements are prepared on an accruals basis, and on a going concern basis, in accordance with: - the Charities and Trustee Investment (Scotland) Act 2005; - Regulation 8 (Statement of account - Fully accrued accounts) of The Charities Accounts (Scotland) Regulations 2006; - the Financial Reporting Standard applicable in the UK and Republic of Ireland, published in March 2018 ("FRS 102"), to the extent that it applies to small entities and public benefit entities; - '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, published in October 2019 (FRS 102)' ("the Charities SORP"); - UK Generally Accepted Accounting Practice; and - the historical cost convention. The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value, unless otherwise stated in the relevant accounting policy. The financial statements are presented in UK sterling, which is the charity's functional currency, and rounded to the nearest pound. There have been no changes to the basis of preparation this financial year or to the previous financial year's financial statements. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **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** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 33% on cost Computer equipment - 20% on reducing balance ## **Taxation** The Erskine Church of The Nazarene is a charity within the meaning of Section 467 of the Corporation Tax Act 2010. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 of Part 11 of the Corporation Tax Act 10. Page 7 continued... **Erskine Church Of The Nazarene** **Notes to the Financial Statements - continued for the Year Ended 30 September 2024** ## **1. ACCOUNTING POLICIES - continued** ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Pension costs and other post-retirement benefits** The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **2. DONATIONS AND LEGACIES** |**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
Donations
615
23
Gift aid
13,082
1,816
Collections
59,762
3,873
Grants
-
10,500
73,459
16,212|**2024**
**Total**
**funds**
**£**
638
14,898
63,635
10,500
89,671|**2023**
**Total**
**funds**
**£**
146
14,528
69,838
9,800
94,312| |---|---|---| Grants received, included in the above, are as follows: |National Lottery
Faith in Community Scotland
Renfrewshire Council|**2024**
**£**
10,000
500
-
10,500|**2023**
**£**
7,100
-
2,700| |---|---|---| |||9,800| ## **3. OTHER TRADING ACTIVITIES** |**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
Toddlers group
4,929
-
Church Weekend Fees
355
-
Rental income
4,800
-
Hall and office hire
22,388
-
32,472
-|**2024**
**Total**
**funds**
**£**
4,929
355
4,800
22,388
32,472|**2023**
**Total**
**funds**
**£**
3,886
3,688
4,700
19,984
32,258| |---|---|---| Page 8 continued... **Erskine Church Of The Nazarene** ## **Notes to the Financial Statements - continued for the Year Ended 30 September 2024** ## **4. CHARITABLE ACTIVITIES COSTS** |**Direct**
**Support**
**Costs (see**
**costs (see**
**note 5)**
**note 6)**
**£**
**£**
Nazarene Church activities
114,896
2,327
**5.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**
**2024**
**£**
Staff costs
47,050
Children's Ministry Supplies
845
Church expenses
9,094
Church Weekend
5,124
District Budgets
12,048
Hospitality
1,003
Love Offering
2,209
NMI Admin & Expenses
130
Prayer & fasting
-
Staff & Congregational Training
1,772
Subscriptions
413
Travel/expenses - Pastors
967
Travel/Expenses - Other staff
188
World Evangelism Fund
1,190
Charitable Donations
3,316
Church Anniversary
147
Cleaning
356
Local NMI Expenses
30
Nazarene Compassionate Ministries
430
Assembly Expenses
393
Alabaster
228
Heat, Light & Power
8,067
Insurance
3,315
IT Software and Consumables
1,651
Printing and stationery
3,984
Repairs & Maintenance
5,543
Telephone and Internet
1,733
Legal Fees
-
Depreciation
3,670
114,896|**Totals**
**£**
117,223
**2023**
**£**
45,312
3,628
7,760
1,613
9,751
976
697
660
319
336
1,323
1,374
539
2,165
2,753
-
854
100
-
-
-
9,086
3,083
1,509
4,243
6,004
1,238
(26)
2,029
107,326| |---|---| Page 9 continued... **Erskine Church Of The Nazarene** ## **Notes to the Financial Statements - continued for the Year Ended 30 September 2024** ## **6. SUPPORT COSTS** |**SUPPORT COSTS**||| |---|---|---| ||**2024**|**2023**| ||**£**|**£**| |Independent Examination|1,200|1,080| |Accountancy|896|244| |Bank charges|231|82| ||2,327|1,406| ## **7. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 30 September 2024 nor for the year ended 30 September 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 30 September 2024 nor for the year ended 30 September 2023. ## **8. STAFF COSTS** |Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Average number of full time employees
No employees received emoluments in excess of £60,000.
Key Management Remuneration
**9.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**Unrestricted**
**funds**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
64,891
Other trading activities
32,258
**Total**
97,149
**EXPENDITURE ON**
**Charitable activities**
Nazarene Church activities
93,135
**NET INCOME**
4,014|**2024**
**£**
45,956
-
1,094
47,050
**2024**
2
**2024**
**£**
25,395
**Restricted**
**funds**
**£**
29,421
-
29,421
15,597
13,824|**2023**
**£**
41,494
1,906
1,912
45,312
**2023**
2
**2023**
**£**
24,705
**Total**
**funds**
**£**
94,312
32,258
126,570
108,732
17,838| |---|---|---| |||| |||| |||| Page 10 continued... **Erskine Church Of The Nazarene** ## **Notes to the Financial Statements - continued for the Year Ended 30 September 2024** |**9.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
**Unrestricted**
**funds**
**£**
**RECONCILIATION OF FUNDS**
Total funds brought forward
33,105
**TOTAL FUNDS CARRIED FORWARD**
37,119
**10.**
**TANGIBLE FIXED ASSETS**
**Fixtures**
**Freehold**
**and**
**property**
**fittings**
**£**
**£**
**COST**
At 1 October 2023
1,277,500
10,007
Additions
-
-
At 30 September 2024
1,277,500
10,007
**DEPRECIATION**
At 1 October 2023
-
2,108
Charge for year
-
1,000
At 30 September 2024
-
3,108
**NET BOOK VALUE**
At 30 September 2024
1,277,500
6,899
At 30 September 2023
1,277,500
7,899
**11.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Other debtors
Tax Debtor - Gift Aid
Prepayments||**Restricted**
**funds**
**£**
1,369,636
1,383,460
**Computer**
**equipment**
**£**
8,121
10,372
18,493
5,818
2,672
8,490
10,003
2,303
**2024**
**£**
1,210
151
5,953
198
7,512||**Total**
**funds**
**£**
1,402,741| |---|---|---|---|---| |||||1,420,579| |||||**Totals**
**£**
1,295,628
10,372
1,306,000
7,926
3,672
11,598
1,294,402
1,287,702
**2023**
**£**
1,546
3,817
8,000
-
13,363| |||||| |||||| |||||| |||||| |||||| |||||| Page 11 continued... **Erskine Church Of The Nazarene** ## **Notes to the Financial Statements - continued for the Year Ended 30 September 2024** ## **12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Trade creditors
Pensions Payable
Other creditors
Accrued expenses
**ANALYSIS OF NET ASSETS BETWEEN FUNDS**
Fixed assets
Current assets
Current liabilities|
**Unrestricted**
**funds**
**£**
-
36,369
-
36,369|**Restricted**
**funds**
**£**
1,294,402
96,576
(1,848)
1,389,130|**2024**
**£**
648
-
-
1,200
1,848
**2024**
**Total**
**funds**
**£**
1,294,402
132,945
(1,848)
1,425,499|**2023**
**£**
1,166
1,041
42
-
2,249
**2023**
**Total**
**funds**
**£**
1,287,702
135,126
(2,249)
1,420,579| |---|---|---|---|---| ## **13. ANALYSIS OF NET ASSETS BETWEEN FUNDS** ## **Comparatives for analysis of net assets between funds** |**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
Fixed assets
10,202
1,277,500
Current assets
29,166
105,960
Current liabilities
(2,249)
-
37,119
1,383,460|**2023**
**Total**
**funds**
**£**
1,287,702
135,126
(2,249)
1,420,579|**2022**
**Total**
**funds**
**£**
1,289,140
114,231
(630)
1,402,741| |---|---|---| Page 12 continued... **Erskine Church Of The Nazarene** ## **Notes to the Financial Statements - continued for the Year Ended 30 September 2024** ## **14. MOVEMENT IN FUNDS** |**Unrestricted funds**
General fund
Building Fund
Missions International
Children's Ministries
**Restricted funds**
Church Building
Church House
Building Fund
Church Weekend
General
Children's Ministries
Children's Funds
The Table
Mission's International
Waterbury Funds
Church Planting
Volunteers
Youth Ministries
Building Renovation Fund
**TOTAL FUNDS**
Net movement in funds, included in the above are a
**Unrestricted funds**
General fund
Building Fund
Children's Ministries
**Restricted funds**
Building Fund
Children's Ministries
The Table
Mission's International
Youth Ministries
Building Renovation Fund
Faith in Community Scotland
**TOTAL FUNDS**|**At**
**1/10/23**
**£**
(20,656)
46,840
11,080
(145)
37,119
1,200,000
77,242
(1,985)
(181)
98,303
75
(254)
(55)
(981)
(42)
215
4,644
6,479
-
1,383,460
1,420,579
s follows:|**Net**
**movement**
**in funds**
**£**
(7,369)
1,069
-
3,392
(2,908)
-
-
19
-
-
(75)
-
6,975
1,242
-
-
-
(1,397)
1,064
7,828
4,920
**Incoming**
**resources**
**£**
96,307
4,800
4,824
105,931
570
40
10,177
3,267
594
1,064
500
16,212
122,143|**Transfers**
**between**
**funds**
**£**
2,271
(258)
-
145
2,158
-
258
1,966
181
-
-
254
-
-
42
(215)
(4,644)
-
-
(2,158)
-
**Resources**
**expended**
**£**
(103,676)
(3,731)
(1,432)
(108,839)
(551)
(115)
(3,202)
(2,025)
(1,991)
-
(500)
(8,384)
(117,223)|**At**
**30/9/24**
**£**
(25,754)
47,651
11,080
3,392
36,369
1,200,000
77,500
-
-
98,303
-
-
6,920
261
-
-
-
5,082
1,064
1,389,130
1,425,499
**Movement**
**in funds**
**£**
(7,369)
1,069
3,392
(2,908)
19
(75)
6,975
1,242
(1,397)
1,064
-
7,828
4,920| |---|---|---|---|---| |||||| |||||| |||||| |||||| Page 13 continued... **Erskine Church Of The Nazarene** ## **Notes to the Financial Statements - continued for the Year Ended 30 September 2024** ## **14. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |**Unrestricted funds**
General fund
Building Fund
Missions International
Children's Ministries
Church Weekend
**Restricted funds**
Church Building
Church House
Building Fund
Church Weekend
General
Children's Ministries
Children's Funds
The Table
Mission's International
Waterbury Funds
Church Planting
Volunteers
Youth Ministries
**TOTAL FUNDS**|**At**
**1/10/22**
**£**
(15,981)
46,840
2,950
(145)
(559)
33,105
1,200,000
77,371
(2,330)
-
85,169
75
(254)
-
1,009
(42)
215
4,644
3,779
1,369,636
1,402,741|**Net**
**movement**
**in funds**
**£**
(4,675)
-
8,130
-
559
4,014
-
(129)
345
(181)
13,134
-
-
(55)
(1,990)
-
-
-
2,700
13,824
17,838|**At**
**30/9/23**
**£**
(20,656)
46,840
11,080
(145)
-
37,119
1,200,000
77,242
(1,985)
(181)
98,303
75
(254)
(55)
(981)
(42)
215
4,644
6,479
1,383,460
1,420,579| |---|---|---|---| Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
Missions International
Church Weekend
**Restricted funds**
Church House
Building Fund
Church Weekend
General
The Table
Mission's International
Youth Ministries
**TOTAL FUNDS**|**Incoming**
**Resources**
**Movement**
**resources**
**expended**
**in funds**
**£**
**£**
**£**
88,460
(93,135)
(4,675)
8,130
-
8,130
559
-
559
97,149
(93,135)
4,014
-
(129)
(129)
345
-
345
-
(181)
(181)
13,935
(801)
13,134
7,585
(7,640)
(55)
4,856
(6,846)
(1,990)
2,700
-
2,700
29,421
(15,597)
13,824
126,570
(108,732)
17,838| |---|---| Page 14 continued... Erskln• Church OlTh• Ma2ar•n• Notes to the Flnanclal Statements- contlrnml for the Year Ended 30 September 2024 15. RELATED PARTY DISCLOSURES The Communty Pastor is Ihe daughter ol one of the Injslees, yèar werè £24,328. d(*s not voi6 on any matters ie . Total empbyer casts for this post in the Is posi. aling to I There were rKJ other related party iransacti￿S the year endejj 30 September 2024. PURPOSE OF UNRESTRICTED FUNDS General Fund - The Advancement ol Religion thr(￿h Staff Salaries. Staff DeveloFfftent, Utilities, Programme costs, and Donatsons to needy ￿tsons and supp(xl to the National DerY)minab"on of the Churth ol the Nazarene. Building Fund - This SUPF¢Nts Maintenar￿e and refvrtIs￿ts. and weral improvements to the buihliThJ. Only those segments of this fund received in designate(I giwng are restn"cie(I to tmjilding (x)sts. Other income to the fund comes from th$ rent81 ￿ ap8rtrnnts owned by th& I￿1 (A)ur¢h. 10% 01 rYK1￿y r￿￿ed in grfi-8kJ tax rglitrf is d$sign8ted to a global mission within the Inlemat*Jnal Churth of Ihe Nazaren8. ￿l￿10n$ Intemalional- unr8strid￿ ¢j￿al￿￿$ hdd fry niss1￿ per Chlldren's Mlnislth- UnTestrtcied tknat*Jns hekl for thikjren rTynistries wcrfk per tdcw. 17. PURP08E OF RE8TRICTED FUNDS Restn"¢ted Gener81 Funds- Restsicw lunds hdd gerwl ￿rk of th& thur¢h Church Bullding- Th15 repre5enls the IJcK* value ofthe ￿l￿dIng ￿ Rahielee Avenu8. Church Hou88- This repYe8onts the bc¢k Val￿ of Ihe ¢*urth hxjso m Bvte Avenue. 8ulldln9 R8novaUon Fund- Dona0￿ recalved t(Mards costs of r8novaUrvJ the Chu￿th bulldirvJ. Church Weekend- Inccfft Expethjiiuro rd8tiThJ to the thurth w*eker￿ 8W8y. Mlsslons Int8mallonal. D￿a1knS madè spao"ficalty io g) to nNssbns *tsrk and n￿Ss￿>naTIaS Children's MiniS￿le5- Donat*Jts made 3Fryific4lly c*ihJren's vAyk and1￿ ewi[￿nI Thg TatrA&- Grant fvnd and y>fi¢ally allc¢ated to supr*)rt th* fre8 ¢LNMwnlty meal Children's Fund- Fund5 hehj wth thildren Y1￿ Minislries- Funds hebj fty VK** Volunteers- Funds held for vrith vc4unteers Church Planting- Oonation5 m&Je for c*urth F4ant Fath In th& cu>Nwnty. grant funding obtain•J for gym aqui￿￿nt for us& asOum s88k&rs Waterbury- Funding to SUFWI an irrtem. P&3e 15