KING'S PARK CHURCH OF SCOTLAND, GLASGOW ANNUAL REPORT & ACCOUNTS YEAR ENDED 31st DECEMBER 2024 IRe¢eipts and Payments Accounts) Congregatlon no: 160960 Charlty no: SC017040
King's Park Church of Scotland. Glasgow TRUSfEES' ANNUAL REPORT Year ended 31" December 2024 The Trustees present the annual report and accounts for King's Park Church of Scotland, Glasgow. for the year. Reference and Administrative Information Charity Name.. Charity Registration Number.. Convr ,irfoi) Rpfproiice Niiiiil King's Park Church of Scotland, Glas8OW SC017040 Independent Examiner Bankers Wirgin Money 21 Kilmarnock Road Glasgow G413YW
Klng's Park Church of Scotland. Glasgow Structure, Governance and Management Governlng tkKument The church is admlnistered in accordance with the tenns of a Unttary Constitution. Recrultment arrfl Appointment of Trustees Members of the Kirk Session are the charity Trustees. The Klrk Session members are the elders of the church and are chosen from those members of the church who are considered to have the appropriate gifts and skills. The minister. who is a member of the Kirk Se55ion. is elected by the congregation and inducted by Presbytery. The Fiosition of minlster has been vacant since 2019. In accordance with church law a rbominating committee was formed In 2023. They subsequently nominate('. at King's Park on Sunday 12, May 2024. The said to preach Wds iiiducted to the pastoral charge of Klng's Park on a five year reviewable tenurp on 4" july 2024 by the Presbytery of Glasgow. Organisatlonal Stni¢ture The Kirk Session, which would normally meet at least 6 times a year. is responsible for all 5pirltual and temporal matters. Business may be undertaken by appropriate committees. Our four main 8roupin85 are Mission and Outreach. Administration. Finance and Fabric, and Partoral and Worship. Objectlves and Artlvltles The Church of Scotland is Trinitarian in doctrine. Refomed in tradition and Psbyterlan in polity. It exists to glorify God and to work for the advancement of Christ's Kingdom throughout the world. As a national church, it acknowledges a distinrtive call and duty to bring the ordinances of reli8ion to the people in every parish of Scotland through a territorial minlstry. It COperate5 with other churches in various ecumenical bodies in Scotland and beyond. King's Park Church 15 in a parlsh 8rouplng with Croftfoot Parish Church wlth a vlew to a union when Its ministerial Fsion becomes vacant.
King's Park Church of Scotland, Glasgow Our Mission Statement 15 "King's Park Church sharing God'5 love, by reaching out to other5" l. chUh Activities 11am church service every Sunday, with additional services durin8 Holy Week and Christmas Live streaming of worship on Sundays at 11am, with the services uploaded to YouTube Sunday School Church Choir Kirk Session Service of Remembrance in January Communion is celebrated in March. June. September and December. this now includes attendance of our children Weekly prayer group God Tok~ weekly evenin8 Bible Study Weekly coffee morning Me55y Church at Christmas and Easter School chaplaincy (Prlmary and Secondary} 2. Communlty Artlvitles Toddlers Group Badminton groups (Tuesday and Saturday) Carpet Bowls 271 Brownies 271 Guides King's Park Brass Band Art Club St. Andrew's Ambulance Association Coffee Morning every Tuesday Community Craft Café Diet. exercise and health group Thursday Friendship Club Junior Karate Giggle and Grow Christmas Bazaar Line Dancing classes Pilates class
King's Park Church of Scotland, Glasgow General Perforniance The roll at the end of December 2024 wa5 398. The church became vacant in June 2019 follokvin Locum was appointed unkn'l tlie departure of the minister to another charge. A as inducted to the pastoral char8e of King's Park on 4 July 2024. We continue to employ a full time Pastoral Assistant and our worship team continue to be involved in Sunday worship when needed. Our audiovisual team, working with a professional sound yistem/desk, discretety installed cameras and computer system. continue to provide audio and visual support to ensure a high-qLtality live service both in the sanrtuary and online via Facebook with the service bein8 uploaded onto YouTube later. This continues to be a real witnes5 to, not only community outreach. but worldwide engagement, with approximately 12.5K people reached via Facebook and 3.8K views on our YouTube channel. As well as providin8 live stomIng, our social media provides a quick and easy link tts the community, advertising special services and events and sharing information from the Church of Scotland and Glas8ow Presbytery social media pages. This. alongside our website, ensures outreach far beyond King's Park. Flowers were distrlbuted to members of the congregation who were unwell or bereaved. The church magazine has continued to be distributed bi-monthly. During Holy Week, a bare cros5 was placed outside. which was decorated with daffodlls and we hosted 'The Pèssion, play by LAMPS Collective. which was Starned live on our Facebook page. Summer Community litter pick and prayer walk. Summer 'come and see. group, introducing all church actlvities to the local community. Celebration of new minister with social evening after indurtS0n. Community coffee morning with St Oswald'5 Episcopal Church. Harvest flowers and plants were distributed to housebound members. New Session Clerk and Registrar appointed. In November, the Garden of Remembrance VMS created. with knitted poppies displayed on railin85. Messy Church celebrated Easter and Christmas with children and associated adults. Christmas card delivered to all homes in the Parish detsiling worship service5 between Advent and Service of Remembrance. Family Christmas Eve and Watchnight Service for all a8e5. Prayer elder continues to promote the importance of prayer by providing updates on prayer lists and the circulating of prayer cards. The church contlnues to be part of Scotland's Churches Scheme, Sacred Scotland. Church website continues to be a useful point of contact for many people, with continued use of FacebooK Twitter and Instsgram accounts. We have continued our links with Reachout Trust. Lodgin8 House Mission. Christlan Aid and chaplaincy to local schools. Joint community carol singing with St Oswald's.
Kin8's Park Church of Scotland. Glasgow Flnandal Revlew- Highlights Overall Funds- there was a decrease 12023 decrease in fvnds was £9.2431 fvnds durt the r of £41684 Total funds recewed were £156,206 wtth totsl payments of £197,85Y) Funds are split into two main categories of use-"Unrestricted" and "Restricted.. At the end of the year, Llnrestricted Funds lexcluding fixed assets & investments) were £65,280 and Restricted Funds were £14,864. giving Totsl Funds of £80,144 Unrestrirted F nds- a deflclt of funds for the arof £42 79 Total funds received Vre É154.678 with totsl payments of £197,476 Income Total Donations (Freewlll, Offerin85. Gift Aid & other funds raised) increased by £13K to £122,974 There was a legacy donaJon of £3K Hall Hire and contributions increased by £2K. giving income of £9,416 Rental property income from the former Church Officer's property, gave net income of £5.834 (Property is let at £55Opm with a h%rurable 6% rnanagement fee. Deduttions for tr$ etc durlng the year were £3701 Chrlstmas Bazaar raised £3,166 Gift Week initiatives raised approximatety £14K after Glft Aid reclaimed enditure Giving to Grow contributions to Church of kotland were £58.050 Presbytery Dues to Church of Scotland were £6,897 Salary costs were £68,662 Utilities costs (Heating, Lighting & Waterl Vre £8,134 Insurance costs were £5,361 Fabric repair5 & Maintenance costs We £34,614. primarily due to overdue furbIShMent of Manse for new Minister of just over £30K Restrlrted Funds- n Increase In fvnds Total funds received were £1.528 with totsl payrnents of £414 Collections and Fundraising for charithe5 and third parties raised £7,672- see Note 9 for a breakdown Assets Pro erties Two residential properties are owned- Manse and fomer Church Officer's house. 3 yearly r valuation in December 2024 increased these values by £74,l to £520,(KLI combined Investments Year-end valuation5 show a market value increase of £127 to £14.035
King's Park Church of Scotland. Glasgow Points of note for arah ad As always, the congregation should continue to explore ways to manage the ongoing annual financial runnin8 of the church to avoid a defictl. through income increases. cost changes or savin85. or a combination of all. as best possible. The main financial challenge5 foreseen at this time for the year ahead are the significant increases in energy costs tariffs, increased Giving to Grow contribution and the ongoing issue of monthly outgoings regularly exedIng income. Re5er¥es Pollcy The charity trustees have considered reseryes requlred and have taken into account their current and future liabilities. It 15 the Trustees, policy to hold reserves of approximately the months expenditure. ststernent of Trustee< Responslbilities The Trustees must prepare financial statements which give sufficient detail to enable an appreciadon of the transactlons of the church during the financial year. The Trustees are responsible for keeping proper accounting records which, on request. must reflect the financial position of the church at that time. This must be done to ensure that the financial statements comply with the Charits"es and Trustee Investment (Scotlandl Art 2CK)5. the Charities Accounts (Scotlandl Regulations 2006 las amended) and the Regulations Anent Congregational Finonce appfoved by the General Assembly of the Church of Scotland in 2016. They are also spOnsIble for safeguarding the assets of the Church and must take reasonable steps for the prevention and/or detection of fraud and other irregularities. Approved by the Trustees and signed on their behalf. Sess10I1 Llark Date.. 2612125
King's Park Church of Scotland. Glasgow Independent Examiner's Report to the Trustees of King's Park. Glasgow Church of Scotland I report on the accounts of the charity for year ended 31 December 2024 which a set out on pages 8 to 15. Respertive responsibllitles of trustees afid examiner The charity'5 trustees are responsible for the preparation of the accounts in accordance wtth the terms of the Charities and Trustee Investment Iscotlandl Act 2(LlS and the Charities Account5 (Scotlandl Regulations 2CX)6 las amended). The charity trustees consider that the audit requirement of Regulation Iolllldl of the Account5 Regulations does not apply. It is my responsibility to examine the accounts as required under sethon 441lllcl of the Act and to state whether particular matters have come to my attention. Basls of Independent examlnerfs ststement An examination Is carried out in atcordance with RegulatSon 11 of the Charities Accounts (Scotlandl Re8ulatfons 2006 las amended). An examination includes a review of the accounting records kept bv the charity and a comparison of the accounts presented with those records. It also include5 consideration of any unusual items or disclosures in the accounts, and seeks e¥planation5 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 exp55 an audit opinion on the view given by the accounts. Independent exarnlner's Slatement In the course of my eminatiOn, no matter has come to my attenon'. which 8ives me aSonable cause to believe that in any material respett the requirements..
to keep accounting records in accordance with Sertion 44llllal of the 2005 Act and Regulation 4 of the 2CQ6 Accounts Regulations las amended), and to prepore accounts which accord with the accountin8 records and compty with Regulation 9 ofthe 2CK16 Accounts Regulations las amendedl have not been met. or to which, in my opinion, attentlon should be drawn in order to enable a proper understsnding of the accounts to be aChed. Name.. Addres5 Date..
King's Park, Glas8ow Church of Scotland Receipts and Payments Account for the year ended 31st December 2024 Unrestrirted Re5tr6rted FUNJS Funds 2024 Totsl Total 2023 Note Recei Donations Legacie5 Activities for Generating Funds Bank & Deposit Interest Investment Income Rental of Church Premises Rental of Church Officer's House Grants- VAT reclaimed Other Receipt5 122,974 122,974 109,595 io,iJxJ 12,266 3,399 534 7,496 5.964 7,830 3,060 641 9,416 5,834 7,830 3,781 641 9,416 5,834 721 1,923 807 2,730 5.873 154.678 1.528 156.206 155,127 Assets and Investments Sale of fixed assets Sale of Investments TOTAL RECEIPTS 154,678 1.528 156,206 155,127 Pa ments Cost of Generating Fund5 Charitable Activities Govemance Costs 197,201 275 414 197,615 275 164,095 275 197,476 414 197,890 164,370 Assets & Investments TOTAL PAYMENTS 197.476 414 197,890 164,370 Net Recelpts I IPayments) Transfers 142.798} 1.114 141.6841 19,2431 SURPLUS I (DEFICIT) FOR PERIOD 142,7981 1,114 (41,684) {9,2431
King's Park. Glasgow Church of Scotland Statement of Balances At 31st December 2024 Unrestrfcted Restrfcted Funds Funds 2024 Totsl Total 2023 Note Bank and De osit Balances Balances brought forward 108.078 13,750 121,828 131,071 Movement in year: Excess of Receipts / IPayments1 142.7981 1,114 141,6841 19,2431 Balances carrfed foNard 65,280 14,864 80,144 121,828 Investments at rnarket value Icost - £9,744) 11.823 2,212 14,035 13,908 Assets Building5 Multi Media Equipment Other Equipment Other Receivables Gift Aid Receivable 520,IXrf) 520,IXL) 446,000 5.455 5,455 4.305 525,455 525.455 450,305 Llablllties The accounts were approved by the Trustees on 261212025 and signed on their behalf by:
Ing's Park, Glasgow Church of Scotland Notes forming part of the accounts for the year ended 31st December 2024 Basis of Accountlng These accounts have been prepared on the Receipts & Payments basis in accordance with the Charities and Trustee Investment (Scotlandl Act 2005, The Charities Accounts {Scotlandl Regulations 2006 las amended) and the Regulations anent Congregational Finance approved by the General Assembly ofthe Church of Scotland in 2016. Movement in Funds Atljan 2024 At 31 Det 2024 Recelpts Payments Translers Unrestrirted funds General Fund De nated Funds Designated Legacy Fund Designated Garden Fund Designated Prayer Group Fund Designated Youth Org Dev Fund Designated Kirk Session Fund Desi8nated Cots shares Fund Designated Di8ital Fund Pastoral Assistant Salary Fund Congrational Organisations 22.457 149,755 1194,4341 12.489 19,7331 52,190 1.109 87 1,320 2.167 55,190 1,109 11351 13C4)1 Iso) 1,020 2,254 8,006 1,317 137 1.317 12.489 6.936 {12,4891 1.736 12,5S71 6,115 108.078 154.678 1197,476} 65.280 Restrkted funds Bell Tower Fund Stained Glass Fund Mission & Outreach Fund Youth Project Fund Memorial Trainln8 Fund Flower Fund Craft Club Me55y Church 3.435 728 2.412 2,690 1,500 2,382 335 198 43 137 155 3,633 771 2,549 2,845 1,500 3,101 356 109 910 21 11911 1223) 13.750 1,528 1414} 14,864 TOTAL FUNDS 121,828 156,206 1197,890) 80,144 io
King's Park, Glasgow Church of Scotland Notss forming part of the accounts for the year ended 31st December 2024 Purpo88 of Funds Unrestricted Funds- Desi nated General Fund Deals with the day to day running of the Church Legacy Fund Funds set aside for mission.emergency & general use Iby Trustees) Garden Fund Where f¥Jnds have been donated for maintenance of church gardens. Prayer Group Fund Where contributions have been donated for the Prayer Group to use Youth Orgs Dev Fund Legacy donated for the purposes of development of Youth Organi5ations Kirk Se55ion Fund Where funds have been donated for the use of the Kirk Session Cofs Shares Fund Funds set aside originally for purchase of Cofs Investment Units Digital Fund Funds set aside to meet costs of online & di8ltal related services Pastoral Asst Salary Funds set aside to meet 4/5ths of salary cost of Pastoral Assistant Congregational Orgs Funds held by various independent organisation5 for their own use Charitlable & Retlrlng Offerl Funds donated or raised for specif1¢ charitable causes and passed on Restricted Funds Bell Tower Fund Legacy donated for renovation & rna1ntenan of the church bell tower Stained Glass Fund Legacy donated for the purposes of maintaining Stained Glass Windows Mission & Outreach A le8acy and contributions donated for Mlssion & Outreach spending Fund Youth Project Fund Funds donated to assist work with young people114 to 30 years oldl Memorial Tralning Fund Where the capital received is to be retained in perpetuity and the revenue to be used for training purposes. Where funds have been donated for the provlslon of church flowers. Funds have been banked with church for the use of Craft Club Funds have been banked with church for the use of Messy Church Flower Fund Craft Fund Messy Church Fund Unrestrlrted Restrlcted Funds Funds 2024 Total Total 2023 Analysls of Donatlons WFO Scheme Inon Gift Aid} Gift Aid Donations Tax Recovered on Gift Ald Dons. Ordinary Offering5 Iopen platel Other Offerin8s, Donations. etc 11.731 73,187 16,196 17,882 3,978 11,731 73.187 16.196 17,882 3,978 6,467 75,483 16.404 10,939 302 122,974 122,974 109,595
King's Park, Glas8ow Church of Scotland Notss forming part ofthe accounts for the year ended 31st December 2024 Unre5trirted Restricted Fund5 Funds 2024 Totsl Totsl 20Z3 Anal isofpa ments Cost oAGenerotinofvnds Churftoble Artivftks C of S- Giving to Grow Presbytery Dues Minister's expenses Council Tax Other Salary Costs Utlities -Heat,light & water Insurance Church Office Expenses inc Tel Or8an & music Printin8, Stationery & Posta8es Other expenses Kirk Session Fund Digital Fund Fabrlc repairs & maintenance Congregational Orgs Bell Tower Fund Roof Fund Youth Organisational Dev Fund Flower Fund Craft Club Messy Church 58.050 6.897 1.067 1,180 68,662 8,134 5,361 1,487 192 4.168 4.482 58.050 6,897 1,067 1,180 68,662 8.134 5.361 1,487 192 4.168 4.482 50 64,461 4,383 1.379 58,367 9,193 5,120 1,355 558 1,951 4,872 34.614 2,557 34,614 2,557 6,660 3,825 300 300 191 750 574 450 197 191 223 223 197,201 414 197,615 164,095 Governance Costs Independent Examiner's Fee 275 275 275 Other Puyments Purchase of Fixed Assets Other Equipment TOTAL 197.476 414 197,890 164,370 12
King's Park, Glas8ow Church of Scotland Notes forming part of the accounts for the year ended 31st December 2024 uneration and Related Party Transartions received £29.239 for salary & expenses as Pastoral Assistant. husband of Kirk Session Member, received £6.335 as Director of Music InterimlLocum & Relief Minister payments during year were £11.536 No trustee or person related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year. Mlnlster's Stipend All Church of Scotland congregations contribute to the Natlonal Stipend Fund which bears the costs of all ministers, stipends and employer's contributions for national insurance. pension and housing and loan fund. Stipends are paid in accordance with the national stipend scale, which is related to years of service. For the year under review, the minimum stipend was £31,642 and the maximum stipend lin the 5th and subsequent years) was £38,884 Investments Market Value at ljan 2024 Gain/{Loss Market on Value at 31 Dec 2024 Purchases Dlsposals R•valuatlon h f Scotl Income Fund-General Fund Income Fund-Legacy & Kirk Session Funds 11,716 2,192 107 20 11,823 2,212 13,908 127 14,035 Held In respect of: Unrestrlrted Funds General Fund Re5trlcted Funds Legacy and Kirk Session Funds 11.716 107 11,823 2.192 20 2,212 13,908 127 14,035 13
King's ParL Glasgow Church of Scotland Notes forniing part of the accounts for the year ended 31st December 2024 Flxed Assets Other Bulld1 Equipment Manse Total Book Value at 1$1 Jan 2024 Revaluation during year Disposals during year Depre¢iatM)n for year 345,(M)O 60,CQO ioi,o 14,CMJ) 446,0(Xl 74,0(Y) B¢Jok Value at 31st Dec 2024 405,LKXI I15.) 520.0 Collertlons for Thlrd Partles 2024 2023 Alzheimers Scotland Baby Loss Rehabilitation Beatson British Heart Foundatlon Cancer Research Chest, Heart & Stroke Scotland Christian Aid Church House Crisis Crossreach Diabetic Association DEC- Earthquake Turkey & Syria Erskine Hospital Glas8ow Children's Hospital Kilbryde Hospice Lodging House Misslon Leprosy Mission Lymphoma Mcmillan Nurses Pantry- Food Bank Poppy Appeal QEH- Renal Unit Save the Children Simon Community Stonelaw Café 59 866 230 117 357 289 122 701 2,915 2,114 74 117 680 85 io 500 230 299 233 490 355 118 1,521 452 469 1.295 250 147 365 7,672 8,590 14
Kin8's Park. Glasgow Church of Stotland Year ended 31st December 2024 Appendix FUNDS HELD ON BEHALF OF THE CONGREGATION BYTHE CHURCH OF SCOTLAND GENERAL TRUSTEES 2024 2023 CAPITAL ACCOUNT Credit Balances held at 31 December at cost Market Value of Balance5 at 31 December REVENUE ACCOUNT Credit Balance at 31 December 15