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 De￿mber 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 De￿rnber 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 re￿iVed 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 AC￿pted 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 reSoUr￿S 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 De￿mber 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.
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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 be￿een 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
be￿een the prO￿ed$ 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 F￿0..
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 Irus*e81 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$lgnated
Rqstrlctèd
Funds
Total
2023
Salaries and honorarfa
SocLql Security￿Sts (Nallonal Insuranctrl
Pension costs
Dealh In SeNl¢e
Total
118,830
6.684
18.076
2,758
144.346
118.830
6,884
16.076
2.756
144,346
98.680
4.647
12.473
98.660
4,647
12,473
1,998
117,778
Th8 P￿ty8ry h8$ 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 Ger*ral Trustees provided £126,000 towards the cost of these empbyees. In 2023 fundhg provlded covered the full tost.
In addlllon P￿￿b￿lery 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 & Bu1￿1ng 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¥th￿n9 reknburBemenl OfexPe￿es 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 r8lmburser￿nI 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 Br￿9& 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$1 D8cember, 2023
to establish how 8ach fund could be Util￿ed input was soughtfrom the Law D8partment of the Church of Scotland.
The Law Department adwsed that the restricted fund known as the Port Gla8gow Newark Fund 18 8 ￿$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 re￿1ve 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.
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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 re￿1ve 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.
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