Church of Scotland Presbytery of Clyde Report and Financial Statements For the year ended 31st December 2024 Charity number: SC 016779
Church of Scotland - Presbytery of Clyde Page Contents Trustees, Report Independent Examinerfs Report to the Trustees Statement of Financial Activities 10 Balance Sheet 12 Cash Flow Statement 13 Notes to the Accounts 14-22 Funds 23-24 List of Trustees 25-26
Church of Scotland - Presbytery of Clyde Trustees. Report for the year ended 31st December 2024 The Trustees present their report and the financial statements for the charity for the year ended 31st December 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the provisions of the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Accounting and Reporting by Charities.. Statement of Recommended PraGtice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014, and the Regulations approved by the General Assembly of The Church of Scotland. Admlnlstrative Information Charity Name Charity Registration Number Principal Offi Church of Scotland - Presbytery of Clyde SC 016779 The Wynd Centre, 6 School Wynd, Paisley, PA12DB Trustees The Trustees of the Presbytery comprise all Ministers and members of the Diaconate in the Presbytery, one Representative Elder from each Kirk Session within the bounds. and Additional Elders appointed by Presbytery, the number of Additional Elders to be such that the tota5 number of Elders does not exceed the number of Ministers. Corresponding Members (a category which includes Readers and Probationers) are not Trustees of the Presbytery. A full list of Trustees in the period since 1st January 2024 is set out at the end of these financial statements. Office Bearers aminer Bankers The Royal Bank of Scotland plc 1 Moncrieff Street, Paisley, PA3 2AW Solicitors The Church of Scotland Law Department 121 George Street. Edinburgh, EH2 4YN Investment Managers The Church of Scotland Investors Trust 121 George Street, Edinburgh, EH2 4YN
Church of Scotland - Presbytery of Clyde Trustees, Report (cont'd) for the year ended 31st December 2024 Structure, Governance and Management Governing Document and Organisational Structure The Church of Scotland, part of the one Holy, Catholic and Apostolic Church, is the National Church in Scotland, recognised by the State but independent in spiritual matters. In one sense, its constitution cannot be written down in precise terms, as the Church has been built up stage by stage, 'upon the foundation of the apostles, Jesus Christ Himself being the chief comer-stone,. In another sense, the Church's constitLrtion may be said to be set out in certain important instruments. These are the 'Articles Declaratory of the Constitution of the Church of Scotland in Spiritual Matters, (1921), the 'Act Anent Spiritual Independence of the Church, (1906) and the Act of Union, (1929). The distinctive feature of the Presbyterian system is that the Church's authority, received from the Lord Jesus Christ. is vested in the Church Courts and not in individuals. It is a conciliar system, in which legislative, judicial and administrative decisions, and supervisory actions, are taken corporately. The supreme court is the General Assembly, which legislates for the whole Church The next highest court is Presbytery. The Presbytery is a regional tier of the Church of Scotland responsible fora number of parishes, served by congregations. Presbytery itself has overall responsibility for all its affairs although it delegates specific areas of responsibility to a number of committees who report direct to Presbytery. Presbytery relies heavily on the work of unpaid volunteers and we pay tribute to the many men and women who devote countless hours to the work of Presbytery. Related Parties Presbytery is related in the manner described above to the Church of Scotland. Appointment of Trustees Each congregation in the Presbytery is represented by the Minister and one Elder. Additional Elders are appointed to meet the needs of Presbytery. In relation to the Office Bearers, the Moderator, Clerk, Convener of the Business Committee and the Treasurer are appointed by the Presbytery. Trustee Induction and Training Trustees and Office Bearers are asked to familiarise themselves with their duties and responsibilities On appointed and to familiarise themselves with Presbytery Standing Orders. Occasional training is provided to new Elders as members of the court and with respect to areas such as data protection and safeguarding.
Church of Scotland - Presbytery of Clyde Trustees. Report (cont'd) for the year ended 31st December 2024 Objectives and Activities The Presbytery of Clyde is responsible for the superintendence of the congregations of the Church of Scotland within its bounds as provided for in the Acts of the General Assembly of the Church of Scotland. The main objects for the year were: To offer Christian worship, fellowship, instruction, mission and seNice. To labour for the advancement of the Kingdom of God throughout the world. To bring the ordinances of religion to the people in every parish of the Presbytery of Clyde through a territorial ministry. The strategy for achieving these objectives was to maintain worshipping and witnessing communities throughout the Presbytery. The significant activities undertaken to contribute to achieving these objectives were overseeing the provision of public worship and of Christian education. mission and service within our parishes and beyond. Grant Making Policy Grants are made from the funds held by the Presbytery in accordance with the specific terms attaching to each fund as Presbytery may decide. Achievements and Performance Numbers, figures and statistics, tell part of the story of a how a charity is performing but only part of it. They need to be both analysed and understood within the wider context of the charity and what it is achieving to allow proper scrutiny and assess potential progress as well as general hea5th. In this regard a Presbytery is no different. The Presbytery of Clyde has now been in existence for almost 5 years and is built on the solid foundation of two well established Presbyteries the Presbytery of Dumbarton and the Presbytery of Greenock and Paisley. This part of the report describes what Clyde Presbytery is doing so that figures. statistics and narrative together spell out what has happened over the past year. So. what does CLYDE spell out? Communication Communication is key to any organisation and that includes a Presbytery. The vast majority of communication is via email from the central church offices and to ministers, elders and congregations. It is a quick and efficient way of sending and receiving key information but it doesn't take away from the importance of face to fa and in person meetings of which there are a growing number. The appointment of the Communications OffiTrr has made a difference in the sharing of good news stories and information on social media platforms. The Clerk continues to keep people up-to- date through weekly emails on a Monday which also encourages a word of encouragement.
Church of Scotland - Presbytery of Clyde Trustees. Report (cont'd) for the year ended 31st December 2024 There is also a recognition that, when it comes to communication, there is a lot still to be done which the Communications Officer is continuing to look at and review. One key area of work is with the website and plans are in place to create one which will help with the sharing of stories, items of news and the sharing of information. This is a work in progress. Landscape There is no doubt that the landscape around the church nationally, regionally and locally is changing in some places and in some ways beyond recognition. The reduction in the number of ministers in training and available for charges has decreased greatly in the last few years and has created challenges as has the growing deficit in the finances of the church. The Presbytery Mission Plan has sought to deal with such challenges in the reduction of congregations and buildings and the pulling together of resources. The emphasis in the Presbytery Mission Plan is mission as the church wrestles with its changing landscape and the changing landscape in the communities that congregations seek to seNe. The Presbytery of Clyde has sought to work with congregations in the facilitation of the plan agreed in June of 2023. In 2024 there have been a number of adjustments in line with the plan which has released a number of congregations into vacancy many of which have been filled or are about to be filled. This has offered certainty and security for congregations and has not only brought new people into the Presbytery but also with them a fresh perspective which is always refreshing in any organisation. Since 1$1 January 2024 there have been 17 unions, 5 linkages, 3 ordinations and 5 inductions - good progress in the implementation of our Presbytery Plan Yield Yield is a word with more than one definition. One relates to road traffic seen on signage to "give way" This is a recognition that there are other people on the road and, even though there is a set direction of travel, drivers need to give way. It is an invitation to stop and to reflect on that direction of travel and to remember that there are others roundabout. In a sense it is about partnership and if the Presbytery has set a direction of travel there are times when it is right to stop, to take stock, to look in different directions and to look out for each other and to look to each other. This has taken different forms over the past year e.g. at committee meetings and in facilitated talks. It has also taken place at a Presbytery meeting set apart to look at the regularity of meetings, format of meetings etc which has resulted in a number of changes including four meetings rather than three and more evenly spread out.
Church of Scotland - Presbytery of Clyde Trustees. Report (cont'd) for the year ended 31st December 2024 It is easy for a'them and us" situation to arise in any organisation and that is especially true in these days of changing landscapes but we are encouraging greater engagement and growing partnership along with openness and transparency. Decisions Decision making takes on different foms in the Presbytery of Clyde - at constituted meetings and under powers in between meetings. The latter are reported and noted atthe following ordinary meeting of Presbytery. It gives flexibility to committees which, in turn allows congregations the ability to be given the go ahead in a number of areas quicker. This is currently under review particularly when it comes to property expenditure because of the responsibilities around trusteeship i.e. Presbyters are trustees and are accountable for decisions made in their name and, therefore, there needs to be both accountability and flexibility. Presbyters are in danger of feeling disenfranchised with decisions taken elsewhere. At the special meeting of Presbytery held in November a new pattern of ordinary meetings was agreed to help with this there are now four meetings instead of three which are more evenly spread out to try and help reduce the number of items dealt with under powers to encourage ownership of the work and decisions. It was also agreed that two of the meetings (September and June) be fully in person to help build up relationships within the Presbytery. There is still more needing to be done and this is a work in progress. Encouragement This has been both a challenging year with so much to do but also a greatly encouraging one with a lot achieved - progress has been made with the plan, connections continue to be made and trust continues to be built. This section of the Trustees Report attempts to share something of the achievements but has also has attempted to be honest about the ongoing challenges facing the Presbytery, its congregations and the church as a whole. There is still a lot to do but the Presbytery is in good heart continues to build on the past as it looks to the future. Financial Overview As an integral part of a review of funds included in the accounts of the Presbytery of Clyde as at 31st December, 2023 to establish how each fund could be utilised input was sought from the Law Department of the Church of Scotland. The Law Department advised that the restricted fund known as the Port Glasgow Newark Fund is a restricted fund held by The Church of Scotland General Trustees and accordingly should not be recorded as a fund within the accounts of Clyde Presbytery. In Complian with this advice this fund has been excluded from the 2024 accounts
Church of Scotland - Presbytery of Clyde Trustees, Report (cont'd) for the year ended 31st December 2024 of the Presbytery of Clyde and also from the comparative figures for 2023. The balan on the Fund as at 316t Dember 2023 was £86,779 of which £73,335 was held in The Church of Scotland Investors Trust, "CSIT" Growth Fund and £13,444 in the CSIT Deposit Fund. The Presbytery reports net expenditure of £19,852 for the year ended 31$1 December 2024 (year ended 30th Dernber 2023- net income of £156,058). Income has decreased from £223,061 in 2023 to £162,040 in 2024 mainly due to a reduction of £25,000 in the amount raised by way of Presbytery Dues, a reduction of £26,000 in the donations and transfers from individuals and congregations and a reduction in the transfer to Presbytery of £19,000 of unutilised Discretionary Fund previously held centrally partially offset by an increase of £10,000 in interest and dividends from investments. Expenditure has increased by £116,000 to £185,912 mainly due to grants made to support Presbytery Projects and the transfer of funds to congregations who have the direct responsibility for managing the use of these funds Net income also takes into account an unrealised gain on investments of £4,020 (2023- an unrealised gain of £3.143). The Presbytery's total reseNes have, as a result, decreased in the year to £406,656 at 31st December 2024 (31st December 2023 - £426,508). Principal Funding Sources The Presbytery is principally funded by contributions from congregations within the Presbytery. The principal items of expenditure in the period have been staff costs, the cost of running the small presbytery office (including rent, water rates, heat and light), the upgrade of computer equipment and sofhmare, communications, printing and stationery, and grants made from Presbytery funds. Reserves Policy The General Fund represents the unrestricted funds arising from past operation of the Presbytery. The balance on this fund at 31st December 2024 was £173,815 (31st December 2023 £140,872) which approximates to 1 year of general expenditure before taking into account the current level of funding support reiVed from the General Trustees. The Presbytery Trustees have examined the requirement to maintain free reserves and consider that, at this time, the Presbytery requires at least one year's gross operational expenditure in reserve. On that basis their reserves are presently adequate. The Presbytery holds a number of desigr7ated funds and restricted funds whose purposes are described later in these accounts.
Church of Scotland - Presbytery of Clyde Trustees. Report (cont'd) for the year ended 31st December 2024 Investmant Policy The Presbytery deposits cash which is not immediately required to meet current expenditure in the Deposit Fund of the Church of Scotland Investors Trust. These funds are repayable on demand. The average yield from the Deposit Fund in the year ended 31 st December 2024 was 5.380/0 (Year ended 31 st December 2023- 3.640/0). The Bridge Fund is held in the Growth Fund of the Church of Scotland Investors Trust and its income is distributed to 3 churches in the Vale of Leven. The annual yield from the Growth Fund in the year, based on the closing marketvalue, was 2.12 % (Year ended 31st December 2023- 2.060/0). Risk Management The Trustees consider the principal risks facing the Presbytery are.. A major challenge facing a congregation within the bounds {for example a financial crisis or the inappropriate behaviour of a minister or office bearer) which threatens the life of that congregation and endangers the public witness of the church. This would be dealt with by the procedures that are in place for superintendence of ministers and congregations in liaison with the Church of Scotland centrally. A shortage of ministers, deacons and elders to carry out the work of Presbytery effectively, especially in looking after vacant charges in the light of the current national shortage of ministers. This would require a sharing of the load as widely as possible within Presbytery with prioritisation of activities to allow concentration on key tssks. A loss of members andlor congregations due to the scale of the restructuring being attempted, with particular problems surrounding the potential closure of buildings. Presbytery hopes to ameliorate this by as full consultation as possible with local office bearers and members to achieve full buy in to what is being proposed. Absen of key staff in particular the Clerk and Secretary. The Business Committee would address this by immediately putting in place an acting Clerk - who would in the first instance be the Convenor of the Business Committee - and arranging secretarial cover. The adverse effect of high inflation on basic food prices, above inflation increases in rents and rates and astronomically high energy costs on the financial sustainability of congregations. Through its Stewardship & Finance Committee Presbytery monitors the financial position of churches and congregations are encouraged to communicate issues on which they need ÈUPPOrt. Presbytery has considered other risks to which it is exposed in relation to the operation and finances of the Presbytery and is satisfied that systems are in place to mitigate its exposure to these risks.
Church of Scotland - Presbytery of Clyde Trustees. Report (cont'd) for the year ended 31st December 2024 Statement of Trustees. Responsibilities The Trustees are responsible for preparing the Trustees, Report and the Accounts in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally ACpted Accounting Practice). The law applicable to charities in Scotland, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006, and the Regulations approved by the General Assembly ofThe Church of Scotland require the Trustees to prepare financial statements for each finanaal year which give a true and fair view of the state of affairs of the charity at the year end and of its incoming resources and reSoUrS expended during the year. In preparing these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities, Statement of Recommended Practice. make judgments and estimates that are reasonable and prudent,. state whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements-, and prepare the financial statements on the going concern basis unless tt is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that they comply with the provisions of the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), and the Regulations approved by the General Assembly of The Church of Scotland. 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.
Church of Scotland - Presbytery of Clyde Report of the Independent Examiner to the Trustees I report on the accounts of the charity for the year ended 31st Dember 2024 which are set out on pages 11 to 24. 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 2006 Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention. Basis of Independent Examiner's statement My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations (as amended). An examination includes a review of Ihe accounting records kept by the charity and a comparison of the accounts presented with these records. It also includes consideration of unusual items or disclosures in the accounts, and seeks explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Indapendent Examinèr's statement In the course of 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 (as amended> to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations (as amended) 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. 10
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Church of Scotland - Presbytery of Clyde Notes to the Accounts Year ended 31st December 2024 . Accounting Policies The principal accounting policies, which have been applied consistently in the current and preceding year in dealing with items which are considered material to the accounts, are set out below. Basis of Preparation The accounts have been prepared under the historical cost convention, modified to reflect the inclusion of investments at market value, and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accountsin accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financia5 Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Regulations anent Presbytery Finance approved by the General Assembly of the Church of Scotland in 2007. 1.2 Funds Funds are classified as either restricted funds or unrestricted funds, defined as follows: Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or created through legal processes, but still within the wider purposes of the charity. 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 separate designated funds. This designation has an administrative purpose only and does not legally restrict the Trustees, discretion to apply the fund. 1.3 Incoming Resources Assessed congregational contributions to the work of the Presbytery are brought into the accounts in the year in which they are receivable. All donations, gifts and grants are included within incoming resources according to the terms under which the donation is made and when the amount can be quantified with reasonable certainty. Donations and gifts in kind are brought into the accounts at their market value to the charity- Income from investments is included in the year in which it is receivable. 1.4 Resources Expended Expenditure is recognised on an accruals basis as the liability is incurred. Expenditure includes any VAT which is reported as part of the expenditure to which it relates. 1.5 Tangible Fixed Assets All individual items of office, computer equipment and other fittings costin9 less than £2,500 are written off in the year of purchase. 14
Church of Scotland- Presbytery of Clyde Notes to the Accounts (cont'd) Year ended 31st December 2024 Depreciation is provided on capitalised equipment, fixtures and fittings on a 33.33 % straight- line basis to write off their cost or initial value, less residual value, over their estimated useful lives. 1.6 Investments Fixed asset investments are stated at market value at the balance sheet date. Unrealised gains and losses represent the difference beeen the market value at the beginning and end of the financial 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 (lifference beeen the prOed$ on disposal and the market value at the start of the year or cost if purchased in the year. 1.7 Taxation The Presbytery of Clyde 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 input VAT. 1.8 Actlvities based reportlng The Trustees are of the opinion that the charity has only one activity. Accordingly. no split of expenditure by activity has been given in the notes to the accounts. 15
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Church of Scotland - Presbytery of Clyde Notes to the Accounts {continued) Year ended.31st December 2024 4. Presbytery Ml$$lon Fund Grants Durlng lh8 yearthe followng Congwatlons recelved granls from the Presbytery Mission F0.. 2024 2023 Palleystmarks Bocl4lrCommunlty NewKllpatrlck Cr318rownie 8aljaffray Lomond Ctydebank Falfley PalsleyStGeor8es Cardross Renfrew North Garelochhead DalrnuirBartclay 16,000 13,(N)O 12.000 10.000 7,50 7.1(Ml 6,000 s,ooo 2,500 1,000 1,000 1,000 1.000 83,100 & Stsff Gosts and numbo¥s Number of¢mploy••s The averdge monlhlynumber of employees Ilndudlng Iruse81 durlng the year, catrAJlated on the basls of a head wa8 as follows.. 2024 Nurnbor 2023 Numbgr Admlnfslraiion Chaplains ProterAlon ofvulntrable groups cfyortllrk9tor8 Employmont Costs Unrestrlclod Fund8 Ggneral Deslgnats RoStil¢tsd Funds Tof81 2024 Unrèstrlcted Funds Gèn•ral Dè$lgnated Rqstrlctèd Funds Total 2023 Salaries and honorarfa SocLql SecuritySts (Nallonal Insuranctrl Pension costs Dealh In SeNl¢e Total 118,830 6.684 18.076 2,758 144.346 118.830 6,884 16.076 2.756 144,346 98.680 4.647 12.473 98.660 4,647 12,473 1,998 117,778 Th8 Pty8ry h8$ 4 employees,. a fvN-Ilme Cletk, a full lime Officer. a p8rt-IKne SecreiarylAdmin Man8ger and 8 part-lime Cofflunltrallo Officer In addiilon Presbytery has a Dopule Presbwery Clerk who Is engaged Ihrou9h a consulianGy arrangernenl. Fees paid in year £285 (2023". £01 In 2024 Ihe CNJr¢h of S¢oiiand Gerral Trustees provided £126,000 towards the cost of these empbyees. In 2023 fundhg provlded covered the full tost. In addlllon Pblery pays 50% oflhe cost ofthe Èmploym8nt of a Bullding Officerwho is pmployed by Church of Scollaod Central Services. Durfnu the year Presbytery contributed £16,662 towards Ihe costs of emplowng & Bu11ng offi[(2028.. £25,141) 6. Tru$t•e romuneratlon and rel8t¢d party tran5actlon$ 117.778 YIE 31.12.24 YIE 30.12.23 The fO¥thn9 reknburBemenl OfexPees was madÈ durfrvj the yearto Pre¥bylery Cleths 4,162 2.199 In dddllbn 4 olher Irustees were pald 8 total of£1,775 tyway of r8lmbursernI e¥pen8e$ Iz023.' 3 tmstees wera relmbursed Q701. No IFu8lee or a p&rson related lo 8 Injslee had any personal interest ITr any contract ortr¥n8acUon entwed Into byllE Presbytery during th6 peri(Kl. During the year a total of£0 (2023- £0) was donal&Y lo Ihe Presbytery by trustse8. Pa98 17
Church of Scotland - Presbytery of Clyde Notes to the Accounts (continued) Year ended 31st De¢ember 2024 2024 2023 7. Fixed asset Investments Market value at beginning of yearlperiod Unrealised galnlllossl on revaluation 42.618 4.020 39,475 3,143 Market value at 31st Dec8mbei 2024 46,638 42,618 Investments at cost 31st December 2024 24,415 Analysls of Ènvestments Mat*ot Value 2024 2023 Unit5 Cost Church of Scotland Investors Tru5t- Growth Fund 7,310 24,415 46,638 42.618 l inveslmenls a held wrthin the UK. Investments are held by Ih8 Br9& SlreetTru$t1£42,6171 2024 2023 8. Debtors Prepayments and accrued in¢eme 330 960 330 2024 2023 9. Credltors.. amounts lalllng wlthin one year Creditors A¢¢rua15 29.500 1,250 29,500 qo. R8con¢lllation of net movemènt In funds to net cash flow from operatlng activltles 2024 2023 Nel fflovement in fund8 Deduct investment incom6 Add losses I Ideducl gains) on inveslm8nts Add decrea8e I I$ increase) In debtors d Increaselldeducldecreasel in treditor5 119,8521 119,7751 14,0201 18301 128.2501 156.058 19,2861 13,1431 582 3,196 N•t cash used In operatlng activltles 172,5271 147,407 11. Comparatlve Flgures As an Iniegral part of a review of funds included In the atcounls of the Pre5bylery of Clyde as at 31$1 D8cember, 2023 to establish how 8ach fund could be Utiled input was soughtfrom the Law D8partment of the Church of Scotland. The Law Department adwsed that the restricted fund known as the Port Gla8gow Newark Fund 18 8 $trIcted fund held by The Church of Scotland General Trustees and accordingly should not be cOrded as a fund within the accounts of Clyde Presbytery. In cornpliance wth this advice this lund has been exduded from the 2024 8ccount8 of the Presbytery of Clyde and also from the comparatlvo figure5 for 2023. Thè balance on the Fund as at 31" DeLEmber 2023 Wd$ £86.779 of whlch £73,335 wa5 held In The Ghurch of ScotLqnd Investor5 Tru8t,'csir, Gio%¥th Fund and £13,444 in the CSIT Deposit Fund. Page 18
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Church of Scotland - Presbytery of Clyde Purpose of Funds Bequest Fund This fund was built up over a number of years by the former Presbytery of Greenock and is for the general work of the Presbytery and has now been transferred into the General Purposes Fund of the Presbytery. Presbytery Mission Fund This fund was set up by Presbytery to assist in the funding of mission related projects for all congregations within the Presbytery. A Local Mission Fund Sub-committee has been set up to re1ve and assess applications and to make grants Pioneer Ministry Fund This is a fund is a designated fund for resourcing of the project work of our appointed Pioneer Minister- funds are allocated centrally to Presbytery Dwf Cargill Bequest Fund This fund consists of grants made periodically over the years by the Dwf Cargill Fund. This is a revenue fund to be used for the general purposes of the Presbytery. The Presbytery decided in 2010 that this fund should be designated as an ecclesiastical buildings fund to which congregations within the bounds can apply for grants towards work on their buildings under stipulated conditions. Weddell Ministry Training Fund This is an amalgamation of a number of funds held by the former Presbytery of Paisley, some dating back to 1866167. This small fund is used to make grants to students training for ministry and readership and is now closed as its funds have been fully utilised. Eventide Homes Fund This fund was started in 1953 by an anonymous donation to set up an eventide home in the Presbytery of Paisley. A further legacy was received in 1974. The fund has been used to support the work of Adams House in Elderslie and and is now closed as Its funds have been fully utilised. Miss Lang Bequest Fund This fund derives from a bequest made in 1959 and is used for social work purposes. This fund is now closed as its funds have been fully utilised. Smith-Lefevre Education Fund This fund is an amalgamation of two smaller funds with the purpose of aiding Sunday School work. Inverkip .800. Fund This fund commemorates the 800th centenary of Inverkip Church and is for local purposes. This fund is now closed as its funds have been fully utilised. 23
Church of Scotland- Presbytery of Clyde Purpose of Funds (cont'd) Survey Fund This fund is a designated fund to provide for congregational property surveys. Development Fund This fund is a designated fund established to be used by Committees of Presbytery in projects as approved by the Business Committee and has now been transferred into the General Purposes Fund of the Presbytery. St. James Fund This fund represents the balance of funds remitted to Presbytery on the dissolution of St. James Church, Paisley, and St Ninian's Church, Ferguslie Park, Paisley. The funds are to be used in the work of churches taking up the parishes of the former St. James Church and St Ninian's and Priority Area Parishes in the former Greenock and Paisley Presbytery. Hill Memorial Fund This Fund was distributed by Church of Scotland to Presbyteries to be used for youth related projects Henderson Trust Fund This fund was set up to meet the expenses incurred by the Moderator during their term in office. Holy Land Bursary Fund Congregations within the Presbytery are invited to make contributions to provide Funds for the education of children in the Holy Land. Bridge Street Fund Funds set aside from the sale of the former Bridge Street Church Alexandria, to provide annual income for the churches in the Vale of Leven and Renton. Education Fund Funds set aside by the Trustees from the sale of the former Ardlui Church for education purposes within the former Dumbarton Presbytery. Danny Bequest Set up to re1ve income for Riverside and West Kirk Dumbarton. Lochwinnoch Fund This fund represents the balan of funds remitted to Presbytery on the dissolution of Lochwinnoch Church and during the year was transferred to Kilbarchan Parish Church which now has responsibility for the former parish of Lochwinnoch. 24
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