Alexander Sloan AGLudl',La,I14Q Lil Id Business Advisers CATHCART CHURCH OF SCOTLAND, GLASGOW ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Charity Registration No. SC033802 (Scotland Congregation No. 160920 CATHCART CHURCH OF SCOTLAND, GLASGOW LEGAL AND ADMINISTRATIVE INFORMATION Congregational Board "These Gongregalional Bo8rd members a￿ also n7ernbers oflhe Kirk Session Klrk S¢$$lon Prlnclpal Office 8earers Minister Session Cl•rk Clerlt to Congregational 8oard Church Treasurer Charlty number (Scotlandl SC033802 Congregatlon Number 160920 CATHCART CHURCH OF SCOTLAND, GLASGOW LEGAL AND ADMINISTRATIVE INFORMATION Prlnelpal addMss Ind•p•ndènt examlnèr Allistsn Devine C.A. Alexander Sloan LLP Accountants and BusinessAdvisers 180 St Vincent Street Glasgow G2 5SG Bank•r8 Royal Bank of Scolland 1 Moncrieff Street Paisley PA3 2AW Soll¢ltors Law Departmenl Church of Scotland 121 George Slre$l Edinburgh EH2 4YN Investment advlsorn Church of Scolland Investors Trust 121 George Street Edinburgh EH2 4YN W•bsit• www.cathcarttrinty.org.uk CATHCART CHURCH OF SCOTLAND, GLASGOW CONTENTS Pa9• Trustees report Independent examiners report Statement of financial activities Balance sheet 12 Notes to the flnancial stst¢ment$ 13-31 CATHCART CHURCH OF SCOTLAND, GLASGOW TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trust8es prnsentthelr annual r8wt And financfial Statem￿ k)rtho year ended 31 D8cember 2024. On the 7th November 2024 the￿ was a Unh)n of Congwations bets¥een Cathcart Trinity Church of Scotland ISC03380218nd Calhcart OIY Parish Church of Scotland {SC0027271. The United Churth retain8 the charty numbgr tsf SC033802 from C8thcort Trinity Churth of S(¥ll￿d th¥ United Churth namg of Cath¢art Church of Str)dand, Gb$gow. The flnandal staiaments hav• b8•n proparad In accordance vAlh tha aCc￿jnI￿9 pc*l•s s•t out In noto 1 to tho financial statements and compty wth the Church's governing thxument, the Charities and Trustee Investment Iscollandl Act 2005. the chari￿8 Accounts Iscollandl Regulat￿$ 2Cth, FRS 102 Yhe Financ4al R8ports'ng Standard appli￿b￿ in the UK and Republc of Ireland" and the Chanties SORP "Accountsng and Reporting by Charili¢s'. Slalgrnenl ol ReGommended PraGtke appkat4¢ lo tharltY•s p￿paring Ihek accounts in accordance wllh th• Fingn¢ial R•pty*"ng Standard •pp&￿b19 in th• UK and R¢publ¢ of Ireland IFRS 102)". obfv¢tIv￿ •nd adlvlth• The Church of Scotknd13 Trlnrtarian In doctrinv. Refoffl*d In tradlllon and Presbyterian In poky. 11 exlsls lo glor God and to work for th• o¢lv#n¢em•nl ol Chrtsl'8 Kingdom throuohoth the wortd. As 8 n8bonal Chur¢h, tt a¢knowkd9e$ a dI8￿nethe call and duty to brlng th• Ordinan￿ of rg16glon to tho ￿OF￿a In &￿ry parlsh of Scotland through a temiorial M￿lsty. 11 cwrates wth other Churches In various ecumenical bodle8 in Scotland and beyond. In thè year •ndlThJ 31st Docern￿r 2024 our main obpckn wa¥ io continuo to knPIerr￿nt tho Bulding Bknks produced from our Pro￿1#.. Bulkling Prny•r, 8uihJlw FaTth,' Bulhaing Mi¥•K)n' Buihjing Unlty and Buildln9 F8mlty. I Ihat we as a congfeg8tknn $trt¥• to do Sho￿d wort twArd$ fthlllng our nIs￿on ourvI￿on. OurMl*slon St4t•m•nt Followlng Jwu¥ Chrf¥t Glorityln9 God S•Thlng Othw¥ Our Vl¥lon St•t•m•nt Followlng J•4us Ch￿t ith the Hotrrf Splrft's hel> - Folow Jesus, example of prayer, seryice and obedience - Encourage one another in Ihe ioumey vl faith - R¢a¢h out to othors good news of Chrfst -va￿0 and welcom8 811 And prothd• opportunth8s for Ih8m to.. Leam about Jesus Christ Enjoy fellowship and friendship Idenlfy and use their gffls Gkjrfying God th the Hdy Spinfs hdp we wll - Be a b¥ing b%tirshipping fellthvshlp - Provlde opporbJnitJes for relevant, Insp*kng. Splrlt filled worsNp - Devthp the gifts ofGod'8 peo￿ Swying Oth¢rs Vwh t￿ Hobf s￿riV$ h￿￿ w• wkl - It1ontfy and try to meet the needs of peopk in our parlsh - He* to support others as we are made Wdre of need - Be invofved in the lrfe ofour W cOm￿￿nty - Care for one another - Deepen rebtionships *rylh othtrrkal ¢ongrwiion$ - Support Ihe whde rThs5ion olthe Churth CATHCART CHURCH OF SCOTLAND, GLASGOW TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Aehl•v•m•nts and p•rforni•ne• 2024 T￿p￿s¢Al*d th• end ol a ¢h•pter of th& $lory of the Chur¢h of S¢oland In Cath¢art, and lh& beglnnlng of anolh•r wth Ihè unhin of Cathcart Trinty and Cathcart Cld on 71h Novèmbar 2024 as Cathcart Church of S¢olland, Glasgo￿ Following tm advic• of th• national Offi￿ of th• Chur¢h of Scottand, th• d&¢i$ion wa$ mad* 111 to retain the chanty number fom)ety hebj by Cathcart Trinty Church for the unrted church and 121 to notfy OSCR ol the name change to Cathcart Church of Scotsnd, Glasgcw and ol the wnding up ol the charty associaled with Cathcart Okl Parish Church. Muth of tho yoar h•¥ In¥ofv•d Me¢￿n93, pl&nnlng 8nd ¥ot•8 to •ffe¢t the uftk*n of these ¢ongreg•llons and thanks has to b• made to thos• who spent so mLTrch ts.me and •n•rgy making pf•parnthons for thls unkjn. It Is not an èasy tlme for ihe Church ol Scooand nallonaly, ￿￿th con*derabk chalenges faong the denominatlon, but it has been real blgssing ihroughout Novefflber and December to See Ihe numbers worshipwng at Sunday TrKJming in the nrted congregation, to See old fnendships deepen and new fr￿nd6h1Ps belng made. and to be 8blo to thlnk together about the p0s51bllltles for nlnislth acros5 OUT nv4V enkrged parish. A$ ￿r, good lo ho¥• th8 opporlunty in gnnu4 r•p)rt 10 18$1Ity ag8ln to the tsrthfvho88 of our gro•t God durln9 2024 and to glva thanks for the Incredibb genemstty of the peoF4e vtho made up Church of Scotland congrngallons in Cathcart in Ih•ir 8harirwJ ol their taknts. and money in w+￿(%hIP and service. So many in the congregation have gone the extra mile in their Servi￿ of other6.. ensuring that 8veryone Is Supported 88 best al p0s5ble. In le￿r$S ol paid errybyees. ￿fOrMe[ty Calhcart Trlnlty's Church officer and now Ihe united (¥￿gregation'S Churth offbcer. continves to go above and beyond in his deaning of the Chur¢h bulldlng and In h[8 ¢aro lor peoF48 who IL Cathcart ha$ ¢mpbyed tho so￿¢•8 of thr•• elance workers- an organlst, a Ilnandal odviw and In lh• tst8f months of 2024, 8 fof th8 h811 complex. The organlst Moved on at the date ol vnion. t#Jl the financial adviser remained foi the whc48 of 2024. The Fabrfc Teom a￿ currenlty re¥￿￿ng the best wa loTh¥ard for the deaning of Ihe halls in Ihe lomier Cathcart (Jd ComplBx. Our ful￿ti￿* Ministof. minister of Cathcart Trintyl is paid a stipend natlonalty through what has been gathered by the Church of Scodand through the Givlng lo Grow taxallon process. ¢onlribul• the fvll omounl po$Jiblg to the "MMii$try htrrtr" •$str$$mtrnl within Grving lo Grow. As tho whde ¢hur¢h 1$ lh• t4)ty ol Chrl$t w• would w¥nl to •wry ol th• ¢ongwalon f••lno th•y ha¥• a rc4• 10 pkny In th• mlnlstry ol the church. The union ol church68 saw Cathcart Trinty move from the Model Deed con6titubon to the Unitary Consts'tution. It Is good to havo th15 OPPOrtunty to fofmalty thank those who hav8 seNed in the CongTegatlonal 8oafd. Al C8thc8rt ad. many of the eljers took Ihe opportunty afforded by Ihtr un￿n lo movo lo EmeritUS 51alus. Agaln w• ar• gr810fv1 lo ••¢h of th*m lor mary years 01 tsilhfvl ￿r¥￿*. Som fcrn mtrmbtrrs of Calhcart Trinty'j Bo•r hav• been invtted lo att•nd ￿rk S•$$ion 88 ¢0rng$pondMIg so Ih•t we ¢an ¢ontinu• to bgneffl from tholr exper188. Wornhlp Cathcart Tdnty durfng 2￿￿4, ¢¢xnmunal wDrBhlp M Sund¥y ffloming •nd ev•nkng$ ccAth'nuod to bo vit81 plI￿r¥ of our community's bfe and Io see peoF4e at services for the first ts'rDe or become more rry)led vnthin the fellow5hlp w8$ • thing. Sunday moming$ saw a rThx of l*•d Intewtsnèrats"sJnal worship, bèfor• our young P80pk moved Into thèir actiwti8s in th8 hall eLxnpbx and g•n8rn1ty 8 Nwnist&r led the sacond part of the $8rvice In the Sanciuary. There were a few occasions t*there meTr*ers shared relkcts.ons on dffterent Bible characters or hymns. Over the course of the year we looked at dffle￿nt ways God describes the Bib* in scrlpbJ￿ and then some of the major character5 in the C4d Testsff*nt. This series r))nts'nued post union. Our evening services have been moo varied in •ppro8th with drfferent prtr•chews expbrin9 drfferent toc&s of the Bitle alon98ide l•n and Sheena Whrteford who have been kading us through topvl i55ue¥. are gralefvl to everygne who has partiapated in worship wth partrular menlK*n going to Ihe leaders of Sund8y C￿ts and 7up for the excellent pre Easler and Natfivty ￿[¥[Co$ Ihey and our Y￿jng peoF48 us in. ￿ c8lebrntad baplfisms ov8r th8 course of 2024. CATHCART CHURCH OF SCOTLAND, GLASGOW TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 hcart Old, worship took place on a Sunda momin ular contributions from Ihe Interim ModeTrlor he conswjefa e gaps In ihe fo rincipalty led by Calhcarf d Parish's ession erk an Il is rwjht lo aCkno¥￿edge the way ekl the Congregat￿)n together dunng the tstter part of the va(3ncy. The Lectionary served a8 the b8518 for th8 lopic$ for preoching. For rTh)st of 2024 the hgabng not on in thg Cath¢art Old Sanduary, ¥0 w0￿h1P and f¢low$hlp kn)k pl#¢• in th• New Ha¥￿-the north hnw)L were Both con9regatk>ns and the unrted Congregatk￿ have found K a slnJg* to mke sent*es avalat4e onlkne durln9 2024. We Continued lo partner¥th C8lhcart Unrted Fretr Church in a 8hort tim of wtsrBhip on Wn03d8y fTK)ming8. and vAth Cathcart Vnittd Frn¢ Churth, Calhcart Bapti$t Chufch, Chncarthill Parish Chur¢h of Scodand and Qu•on'$ P8rk Govanhill Chur¢h for Hoty W¢¢k r¢fi¢¢lh)n$. Our monlth prny¢r bf¢akf8$1$ f*main¢d p¢rip4t¢t6¢. worklng their way in rotabon round Cathcart TMtyIChurch of Scolland, Calhcart Unrted Frne Church and Cathcart Baptist Church. Th•86 have been a real bl8sslng, gath6rirvJ Chrtstlans Irom other congregaJons around tho South81do of Glasg￿￿. The monthty Wednesday prayer meeting conlinsjes on the 3rd ￿￿nesdaY of a ff￿nth. Sov•ral of our mbynber¥ h&8d 'ntrxt door to C8rtval• C•re Homo to lead r¢$Kl•nl$ and $t•ff ther• kn • Ym• of worship and rt 1$ a r8al tl•ssing to all thou invcw. Wd•i T8am or9ani$•d a Ml$slon$ W•8k•nd In Nov•mb•r and Invrt•d o r¥pr•s¢nt•bv• from Sport$ Ch•pl•Mi¢y lo $w•k in kl•y. 8ro•d•r •ngag•m•nt In th• chU￿h of Scodand 2024 was not an easy Ilme lor our Church ol ScotlarHI thsler partners. ClIn￿rth￿l and Queen's Path Govanhlll as disagreernenl ar08e behyeen their lfjrk Sessiw8 about the be31 way fo￿ard for their respective congregakn'ons. Th1$ m•ont that the Shored Hoty e￿nts ￿re th¥ higNyhl of our wort as a du8l&r, but furthfrr d&vebpments an4 d￿p$ning ol our relat￿nshIpS with *rfh*r or bolh ol tho$* ¢ongro98tion$ ha$ not happon•d. Th¥r¥ $houhJ b• more daffty for t￿le ￿ngle09t￿)n1 0￿r Ihe courne of 2025. which In lum I￿11 pr•88nl us wlth th• po$$ibility lo refiect how w• b•8t participate in th• bmader oflho chU￿h ol Scooand. continued lo semi as Intwim Moder•lor at Castlemth, and since thelr Ilnkage wtth Carmunnock in June - a3 Interwn Moderator in Cannvnnock loo. In Presbylery erve3 as the lead of Lo¢al Chur¢h R¢vi•w l*am, and on lh* Superfnt¢nd•n¢• Commrtte¢. hJg$d8ir was a so a do10gal$ at 2024,8 Gen•ralAswmW. Communlty Renow Wellbelng, 0 Shared n￿nL￿ty acT0S5 the three parlner churche5 kn Cathcart. conllnue5 to be a Te81 bl88slng. Hekl in the Bapt13t Church on a Thursday a w￿e range of parWpan13 come alorvJ. rnany weekty. Many peoFle have visited from around Scotland lo see Renvw Kwlbeing in adK)n and it has been Incredib￿ to folk who have b￿n on th• friftg$$ of ¢hur¢h ¢oming knto the rngular a¢Yvlb"e$ of the worshlpplng ¢ommunty. In Novgmber Ihe IJ￿￿8￿n was mad¢ trJ* the to authorls• Frfday- a weelty Soup ￿nch over Wnler and the eaty indicati'ons are thai Ih¢s has been immensety 8UCtessful as a time of fellowship and support. In sorne respects this built on our Tellection about ihe Wann IN01come space last year needlng to invofve food and reach out to those who are k)nety in our Communty. bul has gone so muth ftjrther. Al the same lime Kirk Se88i0n authori8ed an Ak¥h8 CourBe in ea￿ 2025. Our Church Garden space conlnues to be a place of real blessing to our communty. Durlng the better wèather many people use rt as a place to stt or eal thelr bjnch. A team of creatrve workers have been medng rnOnth￿ to put together prompts for prayer.. thing6 for peoFAe pas8ing to engag8 wth: encouragements.. and mes8ageB from the Bible. R•di8t• Cath¢art SCIO ¢ontinu•8 to b• p•rln•r o¥ w• 8••k to rna¢h out to lh• thikjmn. young p8ok4• and lamllies of Cathcart tht good news of Jèsus. ￿ glV& thanks to God for￿￿ as well as the myriad acliwbes throughout the year and especialtry the Easter and Summef Hd¥Jay dubs vrfhKh draw in so many people as ¥oluTrteefS. Our own I￿hOUse youth th continues. am1￿￿h #s in mony of our nlnisbitrs, we ts)￿d do wilh mtsre worker8. Th￿￿91￿ul the week our Monday Toddkr and Tuesday Snow drDps grow) ￿ntinue to be VRII thded. CATHCART CHURCH OF SCOTLAND, GLASGOW TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 F•llow&hlp groupb For those shghty okjer, the￿ are wular SmaN group actswbes, people gather togeiher In the chLtrch or In folks. homes for discussKJn and fellowship. The devebpment ol our Men's and won￿,$ Min¢slries continues a5 an opportunty for frAk to get to knvw ono ancthr and to deepen rebIK￿8h1ps. lnv0fvem￿l with partMr oryani$41Km$ Beyond Cathcart. our membefs conb.nue to pky actple in parlner organisauons around the aty and across Scolland. Particular mention shoukl be gr¥en to Gtssgow Cty Miss￿n. Glasgow Streel Pastofs. The Wel, Gkasgow Soulh-East Foodbank and Scripture Union. but theTe are many more donations going the Lodging House Mi53K)n. Barnardo3 and Church House. Through the Miss￿n 8ale8 t81)le ￿ ha￿ been able to commrt to reg￿ar support of a mission partn¢f in Scyjth Asia. A succ•sshl Carol èvèni wa$ ¢>rganisèd during Advènt to support Gl8$gw Clty Mlssi0n'$ ¥Mnl*r kn P(o*d Ind m•ry of our ¢otvJrnytion In the ¢holr mlnl$lry of Praise Gathering and Father Song. Fabrfc term3 of the lormer Cathcart Trinty bU￿Ing5 Cathcart ChuTch of Scodand'8 principal place of worship going forwordl in the Chur¢h thertr were r*poirs to the ChU￿h roots, 80ffl• wort on inttrmal and extemol I￿h￿'no. ongolng h&atlng work and a r•plat8m•nt of ih• Hall ComF4èx Dtsji. Whlè nh)$t of th• work mlurblshln9 thè mans8 Was ¢ompleled in 2023 there sonw ar••$ of p•inling f¢pl•¢•ff*nt of • $hty*•r box th•1 took •ntJ re bill•d In 2024. In th8 Cathcart Cld buldlngs, Ihere was a Tepalr made lo the church roof to combat an area of slgnlficanl water ingre&ry, but as the building ha3 been identified to be 30kJ. the Church of Scouand doe3 not perrnil more significant 18bri¢ work$. Th• orty ¢gve81 is wheffj •re in¥tru¢ted by th¢ General Tru$to&1 or by our in$ur¥r8 to do $om• work. for th• m$1 part h•ats'ng wa$ off in th• Santh8ry during 2024, 8 Partwl fix wa$ mad¥ to tho $y$l•m tOW8rds the end of the ye8r. Thls ¢Jeci&on to heat bu{￿￿9 was nol la&ornd inlo our budgellng lor 2025 and union and wlll hav• impact on 20258 acctyjnts in due course. The forner Cathcart Okj manse wa8 Sotrj in June 2024 and the remainder of Ihe money reallsed once leeB and Church of Scotknnd le￿ have been taken off are avalatAe to draw frvffl the ConBdidaled Fahic FurKI held by Ihfr Gener81 Trust￿¥ for th• benofil ofthe un6ted ¢ongw•iknn. The Calhcart Churth bullylngs hebj by the General Trustees on the Northom 8lde of cam1un￿k Road have been Mlentffied for sale. This process began back in November. but wll not happen quickty. Any money thot come8 from tho salo wlll k)In tho manso monoy In th8 Consddated Fabn"c Fund. The Church Hall on Ihe Southem 3ide of Carmunnock Road- currenfy used by Heathdene Nur#ery- 18 ve$led in 10¢81 Tru$le•$ $0 h88 tr8n$tsrred over lo the Tw$t¢•8 of Cath¢art Chur¢h of Seolland. Flnanel•l rnvl•w Results lor th• ye•r Tho Sl$lornenl of Fin8nc401 A¢lMtw r*port8 n¥t inc(rn Ci.¥. $urF4u¥l lor thtr y¥ar of £286.254 (2023 - dtrfficrt ot £17,444). This combinès a nèt incomè on unrestrictèd funds of 2BO,029 8nd Mt In(x*mè on rèstriel8d funds of £4.225. The resulis for the year are svJnrfKantty impacted ty Ihe un￿ of CongregatN)ns, detaled earfler in the report, wthich resulted in the recognition of net assets of Calhcart ￿ Parish Church of Scouand ISC002727} al the date ol Union. The vaue- £285.597 - i¥ represented wthin for Ihe year and separaldy categori8ed in the sl8lsm¢nt of Finonty4 A¢lNilw on p•y 10. A dthlgd l*&•kdcwm of tho h•t •$¥¢ts ro¢0gni8•d 1$ in¢lud•d in Note 2. Exchjding the Transfer of Un￿n BdarKe'. an overall sU￿lUS on ordinary ocb¥ll￿ of £657 woukj have otherwise been reported. A lotsl of £402.289 was retained in aC￿mUlated fvnd3 at the year end12023- £116.0351. This 18 represenlalive of Unrestrfctod Funds of £395,819 and R8sln"cted Funds of £6,470. Full delats of èach of the churth's rostrfcted and unrestricted funds are induded vAlhin notes 20- 23 of th8 Finanoa Statemènt& This *)thdes details of th8 funds acquired upon bhe Un￿n of Congregaticffis. CATHCART CHURCH OF SCOTLAND, GLASGOW TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 RO••p￿ Polley Cathcart Church of scOt￿nd relies on the ffnandal supwt of its members to sustaln ffts congregallonal lrfe and MiSs￿n. The Church Trustees, re5er¥e3 polcy is to maintain at least 3 months of nornial expenditure in ￿SerVe lthal reserve would currenty be over £50.COJI. These reserves are helJ to cover. among8t othtrr things, unexpethd gxpenstts, *Th￿rg￿ncY r¢p4Ys. urwpeded drop$ in irK¢mo and short term dgfvl$. In making a de￿10￿ on any financ•, tsbric, fundrnr4lNJ or stsffing matter th• TnJst¢•$ c4n$fvJ•r th• Impact of that dea$￿Tr on the reseThes policy, having taken appropriate expert advlce. Additionaly the fjnance team regulaty adwse the Tnjstees of whether Ihere a￿ any threats devekjping vthich might result a breach of the reseryes policy. The pc&y 18 to help the Church maintain finanrAal 8ustainablty. Al 3161 O•¢•mbw 2024 th• unr•$trl¢a•d FUNI 6to¢d •1 £94.57912023- £86,820llnot• 231. Other fvnds h¢ld by th* Chur¢h aw nol av•ilaW for general us¢ $0 do r￿¢ quaffify 8$ a g¢n¢ral W$¢Ne. Thi$ 1$ In a¢¢ord*n vAth OSCR guidanc•. Overall the Trustees are satisfied that the level of Gener81 Fund reserves ara appropriate to our pr￿ent cIrcumstanc￿ And VAI bo k•pt und•r rngul&r rnvlv#. The Church has a number of desvjnaled fimd8 whore the Tru8tee8 have Set aside fvnds kjr sperific purpoJe8, or thty aro up. In fixed assets so do not reprtstrnt IV4U￿ rtrMrvtr$. Thi¥ in¢￿deS thtr funds1•¥￿15 acqulrod in th• Unlon of Congr•oation$. full d•tals olwhlth ¢an ￿ found In Not• 21. Th• Church al80 ha$ a numb•r of r•8trthd fvnd$ t•thkh may Orty b• u••d $pgdfi¢alty In a¢rAITd•nM wilh dono¢• vA8he8. Tho rn8trlctk>n• ovor use olthNo fund•18 detslbd In Noto 21 Th• Church oGquired •ndown￿nI fund8 in thts UnvJn of Ccffjgreg8btin8 and the8tr art delaled in Notts 20. Prfn¢l￿l •ourt•• olfundln9 The ¢hur¢h rts fvndlng from thurch meN*•rs by w8y olwe•* offerfngs and GrfIAh1 donAtion$. Grnnt Maklng Pollcy ind Aw•rd• The Church makes granls from unrest￿￿ed general ￿e￿Nne to wJani8atk>n8 that are to the Twstee8. The beneffidarleB are invofved in activi￿$ or minlBtrip8 cofflpats'ble wilh the Church'i obpctsves. The Chur¢h ¢onlinu•$ to Support th* Radiot• C•lh¢ort, S¢o¢li$h Charity Numbef SC039290. Rodwl• C•lh¢art 1$ the Jolnt youth mlnl$try of thw k*•1 ¢hurth8 in th• C•trKart gr•0. During lh￿ ffin•n¢lg1 y￿r a grant of £10,C#X) was provlded12023- £10,CthI. CATHCART CHURCH OF SCOTLAND, GLASGOW TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 8k Manag0m•nt The principal iisks fadng the church together wilh F4ans to rninlmise these iisks are as fol¢MB.' Pl0￿rty The majority ol tho ¢hur¢h prwty 18 obj and rtyuiw$ CtyKlnud m•int•n•n¢¢. Th• roof #nd r8lrrw81or gt)od8 In Particubr require wul•r mainl*nan￿. Th* Property Commttl¢• c¢nlinu•s lo monrtc* this and Os PTOFo$ing to undertake mainten8nce works during 2025. The sei>Jrlty of lead in the roof *0 continues to be The Church IB also fortunate to have the ieNce8 of a ftjlklwne Church OffKeT ar￿ of th• a#¥i¥lanc• of #tvtrral m¢m￿r5 of thè con9r¢gallon with $knl$ In lh• bulding $•rtor. Fln•nel•l th the unlon be￿On Cathcart Trknlty Cathfart 011 th•rn arn tm) storfos to bo tLW In tsnn8 of fflnanco b8tsYeen both Churches. Auoss thè y8ar lor Cath¢art Trinty. ¢)v•rnl kn¢om wa$ £192.5k agalnst budg•1 of £196k. bul •xyndltur• w•$ £191.8k ag•in$t lh• budget of £188k. Thls rnsulted in • final surF4us o1£0.7k 4g•kn$l the budg•t•d surF￿$ 01 £8k. Incorne reco nl8ed u on Unk)n Upon the Union on 7th NoveThthr 2024. net asset• of £265.6K were recognlsed and are feptxt8d as kncome In theM finan￿81 8tal•m?n18. Adetaled breakdthbm of1￿ not 488•ts recognised i* indud•d li Note 2. 24 From the 8th November 2024 all Income and expendltufe ol the p￿¥10￿1￿ separnte Calhcart Old Parfsh 18 reported as incomelexpendituro of th• Union of Cathcart Church ol Scolland. Income in thi8 category w88 12.3k, wtth expendltur• of£12.3k, res￿n9 m a breakeven Fx)6rtKJn. Combining the re8uh ab)ve, b)0 Stal•m•nt ol Finandel A¢ll¥Nth thylm on page 10 Inwno 01 £490.4k, •xp•ndllur• of£204.1 K, th • $urphJ$ tr th• y￿r of£280.3 Excbjding th• Transfer of Unlon Balanc•. ￿'0[dI￿a￿ su￿bJ8 on of£O.7K IB reported. Thère ar• a fthv thing8 Worth ntsting.. Glft aid donations. induding 8ssouat8d thx r8dgim, were É14k behlnd bu¢Jg8L That budget f•pr•sent8d a SMAII Inflationary Increase on 2023's 8CtU81 donations. h(Mever the de￿aSe be￿￿en 2023 and 2024 is slighlly conceming. We have bst some generous gp4ern thrtyjgh death and their to other areas in Scotbnd. Legacy Income wa5 highef than expected. Premise8 income remains an importJnl 3ourc Trtnty Compkx. W thank our Fabri¢ ¢•n￿nOr. w• cannot k••p rotylng on Hal Income and unw•d d w83 £5k ahead of an al £28k for Ihe Cathcart nd Chur¢h offi¢er. tjr all thgir worL H¢Mvor, gacy Incom• lo offs•t lh• shortlall In r•gular glvlng. CATHCART CHURCH OF SCOTLAND, GLASGOW TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Our Fuium kn the first instsnce the consequences ofthe union continue to need to be unpacked. The Klrk Sesslon needs to do work on its ovm Structu￿ and n*etings. we wll be undertaknng a full ￿vI￿V of our congregational roll. and related to ihat, expbre pastor81 rare 18 provKled approprialety for everyone 858oryated with our congregatK)n8. We artr cyrrenty reviewing ministry tg¥m st￿rtur￿$ whk undertoknrg a brogder rp¥w on our vision. In the l*er part of th¥ year plan to tr)n$K1¢r to ¢quy our buthjings fty mOssOcffj. In the short temi whlle we have bu*Jings there is consbJeraLkn risk inv(knd lor the congregation. The cost of nning the Cathcart 0￿ complex is coffyrativety h*3h. trArt Sho￿ the Sanctuary side of the compkx be considered vacanl by our ￿sure[S the cost ol insuring the Calhcart ad San¢auary will incrnase akTK>s18 foba. A6 m8nllon•d •bw w ar• worklTh3 10 6•1 tho C8th¢art C*1 S8nthary and h￿lts M th• norlh•m slde of C•munn¢¢k Rood, bul th1$ Pr￿$$ 1$ subJe¢t lo m•ny d¢tsy$ oumh our ¢ontrol. Al the time of 7Mi16ng • Vl4y fO￿ard that is stsn8itNo to the usern of the Peace Garden is still to be consKlered. The b"Ile to thase properties 18 held by th• Church fo Scotlond General Trustoes. and not by tho Congrogatlon. Thornforo thos• do not form part oftho figures presented within the accounts. may bo no¢&$8•ry lo u8• procedu08 put in by th• nO￿ne1 ¢hurth lo drgw rTh)n¥y from the con￿1￿181•￿ fabric fund to pay lor ongoing costs running th• Cathcart comF4èx. Furth•mor8. th8 way Giving to Grow Is as$essed means lookiny ba¢k ov*r tsvo years at Pfevhius incoryx. The p￿￿"Ou1 income from Hall uie In Coth¢art Old will still be assessat4e lof 2 y•arn aftef thts incOff￿ has stopped coming in. Again, we m8y need to bok at what Can be done to mthgate th18 88 ￿ do not want elI￿r of th080 thiafjon• lo Ilraln th& Generd fund In the h)ng tenn. Al the beginning of the year Calhcart Trinty'3 roll stood at 242 methr8. tslling to 231 at the point of the union. C•lh¢art Old ¢ame into th• unlon with 104 membors after • purge of 43 nam0$ who h•d ts￿fft on the rol. Cathcart Chur¢h of S¢oll8nd Ih*r¢for• Wan on 7th N¢)v•Th*er 2024 tmlh 346 Al th• end of y•or K had r•duc•d to 343 m8mbor$ through deathi. Structur•, gov•rnanc• and minag•m•nt Th• chority 1$ •dmini$ter¢d in ¥¢cordan¢• wi¢h tho t¢mN ol lh• Un6W Con$titullon ofth• Church of S¢olland. Th• Church Is a reglsternd Scottlsh Chailty {No. SC033802 Members of the Klrk Ses8lon and the Congregatbnal Board are the chailty TNste88. The Trustees 8eN8d during the year and to the dale of this report arn li31ed on the kngal and adnNnistrati¥e wrfonnaion page. R•crultm•nt and Appolnlm•nt ol Tru•t• The Kirk Se33ion mernberB are the ehJer3 01 the Church and trt dK*8•n from thosè mothr8 of the Church who ar• ¢on$id$r•d lo havo the approprialè ytft$ •nd $kll6. The Mlnlst•r, who Is a Ir￿b￿r91 the Klrk Sessbn. Is ekthd by the Congrega￿on and knducted by Presbyt¢ry. PrevIouS￿ the Congregational Board woulj bo appolnt8d from members of the congr8galk¢n who aTO believed lo h8¥e the skills and commitmenl to conlribute to the management affairs of the Churth. Union reqvires the Church lo be adminb5te￿ under Ihe Unitary Con&tIlul￿n %there Ihere 18 no Congregational Board. Member8 vtho wer• prgw¢usfy on th$ Board th¥r¢forn attend ￿r￿ S¢$3￿n a$ Tru$tse$. Oryanl8atlonal SITUetur• Previous￿ the secular affalrs wthin Ihe Church *rJukJ be d*gated to the COngregat￿nal 8oard. Certaln responsibilities would be dekgaled to subcoM￿lIees reporf lo the COTrJfegat￿)nal Board. The teams include finance. fabric. goveman¢e and property devekJpry￿nf (Hall ktsl. These affairs and subcommittees now report to the ￿rk Se￿lon. The Kwk se￿10n. IT￿ts al Ipa¥t 6 brrn3 a year, ra respon¥ibk ft>r spiritual and sèculaf affalrs vAthin Ihe Church K•y IA•M9￿n•nt Pernonn Given their rcles as described above, Trustees C￿S￿ler themselves a)ng with the Minisier as the charity's key management personnel, in charge of directing and conlroling the charity and overseeing its daity activitie5. Detals of Trustee arKI Minister remuneralion awe outhned in ￿￿te 9 ofthe ac£ounts. CATHCART CHURCH OF SCOTLAND, GLASGOW TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Induetlon and Trnjnlng ol Thi•ts•• Ilembers of the Congregational Board are made aVra￿ of thelr responsibmies by the Cleth to the Congregalonal Board. Ekjer induction is carried out di￿th by the Minisler and the Session Clerk. The￿ is an annual meeting of Twu8let8 at whth any thango of r08pcrfw1)Ibt￿ 18 hvJNryhled. Ind•p•ndtrnt E￿MIntrr The Trustees recommend that partner in ￿AC0)Unt0nts and Busine88 Ad¥iser8, remain8 in office as independent examiner untilfvrther notice. The Trustees report was approved by the Bod￿ ofTnMtee& ession er Church Treasurer 61612025 111612025 CATHCART CHURCH OF SCOTLAND, GLASGOW INDEPENDENT EXAhlNER'S REPORT TO THE TRUSTEES OF CATHCART CHURCH OF SCOTLAND, GLASGOW I rèport on the flnandal stAtements ofthe Church for th8 year endod 31 D￿rthr 2024. whlch gre set OLrt on p8gas 101031. Re1￿CtIv0 r•spon•lbllltth of TruBtO•8 and •xamln•r The Church's Trusteos are responsible for Ihb p(eP8r9t￿l ol the fin8nc181 statem8rrt8 In ac•xrdance ￿ th8 t8im8 ol the Charities and Trustee Inveslment Iscodandl Acl 2CQS and Ihe Chalit￿S AcLounts (Scotlandl Regulations 2CI)6. The Church Trustees cOn￿der that the a￿lIt requireff*nt of Regdakn I￿111&H¢) of the Chariiies Accounts Iscollandl Regulation8 20l￿ doe8 not appty. is my re¥p￿s￿)ilty lo •x8min• lh• fin•n¢i¥l $tst•ment$ •$ und•r ••¢t*)n 44{11{¢l of th• Chorititss and Trust￿ Inv¢$tmenl IS¢otknnd}Ad 2C(15 and to p8rti¢utsr matters have ¢omg lo my g¢t•nUon. Ba•l• of Ind•p•nd•nt •￿mIn•t* •tstsm•nt My tsx8minolion 18 carried out ift •c￿rdanC• wrfh Regublitsn 11 of the Ch¥rit*ii A¢￿Unts Iscotbndl Regul81ion$ 2W6. An oxamlnaJon Indudo$ a ffjvl¥w of th¢ a¢¢ounllng r•¢ord$ k•pt by th• ¢h8rty gnd 8 ¢omparf8on of tho financial statements presfrnted wth those records. K also kndudes COns￿erat￿1n ol any unusual itams or dlscbsures In Ihe financial statements, and seeking exF4an8tions from the trustees conceming any Such matters. The procedures undertaken do nol prO¥￿e al the evmlence that wothj be required in an audil and con8equenty I do not expre88 an audrt OPIn￿n on tho gfven by th? ￿n￿L￿al slatements. Ind•p•nd•nt •xamln•rf• •t*t•m•nt the COUf8• 01 rrty •x8minAtK)n, no matt•r ha8 como to my attention 1. whlch gives me reasonable cause to beleve that ￿ any material respect the requirements.. to kt*P accounting ro¢ords in •c￿rdanc¢ Section 4411llal of th• Charilios TnJil•• knv•slmont IS¢od8ndl Ad 2005 and Regulallon 4 of lh• Ch•rltte6 A¢¢ounl$ IS¢otl8ndl R•gulgllon8 2006, 8nd to pr8par• financlal stat•m8nls which ac(xird with the •¢c¢unting recorfj$ 8nd ¢ompty wth Re9ulgllon 8 of the char1t￿3 Accounts Iscodand) R•gulation8 2C have not been m8t, or 2. Its whith, in my opinbn. •tt•nkn Ihodd ￿ dm¥n In onler to enable • proper underntandlrvJ of the ffnanclal 8lalements lo be reached. frxander Sloan LLP A¢¢ountsnl$ and Bu$Mi•88 Advi8W8 180 St Vincent Street Gl8$gc G2 SS9W6R￿25 Date.. CATHCART CHURCH OF SCOTLAND, GLASGOW STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Currgnt finan¢ial ygor Un￿trict￿ Unreltrictgd Retytricted EndowTngnt funds funds nds nds general deslgnated 2024 2024 Total Total 2024 2024 2024 2023 Notes Income and endowments from: Donations and legacies Charitsble activities Other trading activities Inve51menls The transfer of union balance Othèr income 153,392 34.981 13,125 1.410 111 153,503 36.741 13.125 1.410 155,426 29.751 2,400 1,318 1.780 4.203 276.985 3.139 1.270 285.597 16,196 Total Income and endowment8 207,111 277,096 4,899 1.270 490.376 205,091 Expendlture on.. Charitable activities 199,3S2 2.826 204.122 222,53S Totsl expendltur• 199.3S2 2.826 204.122 222,535 Net Incomellexpendltur•l and movement In funds 7.759 274.270 2,955 1.270 286.254 117,4441 R•¢on¢lllatlon of fund$= Fund balan￿5 al 1 January 2024 86,820 26.970 2,245 116,035 133,479 Fund balances at 31 December 2024 94.579 301.240 5.2 1.270 402.289 118.035 The statement of financial activibes indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notÈ$ on pagè$ 13 to 31 fomi an intègral part of thèsè finan(i81 $tatèmonts. 10- CATHCART CHURCH OF SCOTLAND, GLASGOW STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Prior finan¢ial year Unretytri¢ted Unretytri¢ted fun(ts funds general deslgnated 2023 2023 Rg¥tri¢ted funds Total 2023 2023 Income and endowments from: Donations and legacies Charitsble activities Other trading activities Inve51menls Other income 154.822 28.556 2.400 1.318 16.196 500 1.195 155,426 29.751 2,400 1.318 18,196 Totsl Income and endowments 203.292 1.895 205,091 Expendlturg on.. Charitable activities 211.408 2,784 8,343 222,535 Totsl exp8ndltur• 211.408 2.784 8,343 222,535 Net Income 18.116) {2.8801 16.6481 117.4441 Transfers be￿￿en lunds 1.IXIO 11,0001 Nèt mov•m•nt In lund• 13 18.116} {1,6801 17,6481 117,4441 R•conelllatlon ol fund8: Fund balances al 1 January 2023 94.936 28.650 9.893 133,479 Fund bal¥n¢¥• ot 31 Dtr¢¢m￿r 2023 86.820 26.970 2,245 116,035 The notes on pages 13 10 31 form an inle9r81 part of these finan¢i81 $tatemenlS. CATHCART CHURCH OF SCOTLAND, GLASGOW BALANCE SHEET ASAT31 DECEMBER 2024 2024 2023 Nots• Flx•d ••Mts Tangibk ass•ts kn¥e8tments 15 14 282,424 10,1X(I 25,250 292.424 25,250 Curr•nt aH•ts D•btors Ca8h at bank and kn hand 17 6.165 119.691 95,112 125.856 98,315 Cr•dltor•'. •mounts filllng du• ¥Athln on• y•ar 18 17,$301 N•t curr•nt u••ts 109,885 ,785 Tot•1 ••••ts curr•nt Il•bllltl•• 402.289 116,035 Th• lund• of th• Church Endwmont fund$ Rostrlcted Income fvjnds Unrestrfct•d fund$- g•n•ral Unre81rfcted lund8- de8ignal 1.270 5,200 94,579 301.240 2,245 88,820 26,970 21 402.289 116,035 Thè nottr• on page$ 13 to 31 forn part ofthele ffnantial statements. 616r2025 Th¥ fin8n¢lal $18lem•nl8 **r• approved by th• TnJ$t¢•s on......................... TN$l 12- CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Aeeauntlno pollel•• 1.1 Accounllng conv•nllon The finanaal ststem¢nt$ have been preparnd in ￿¢¢Idan¢* wth the Chur¢h'8 goveming document. th* chanb.os and Tnjstoe Investment (Scollandl Act 2CQ5, thè Charthes A£￿Unts {Scottgndl Regul8b"ons 2￿6, FRS 102 Yhe Financial Reporb'ng Slandard apF4ut4e in the UK and Repubh'c ol Ireland" and the Charilies SORP "Accounling and Reporting by Chafibes.. Statemenl of RecoM￿nded Practice apF4icable to charilies preparing their account8 in acc¢xdarKe vthh the Financial Reporb'ThJ Standard appl￿￿￿? in the UK Jnd Ropubk of Ir¢land IFRS 1021". Th¢ Church * 8 PuLlt Bo￿￿ Entty 86 d¢lln¢d by FRS 102, The Church h9$ l•k•n •dv•ntag• of th? prw$Y*n$ in the SORP tr th•ritl8$ rK*l to prnpar¢ • $tal•m8nt of ca6h Ibws. The flnand818tatements are prepared In stsrllng. whlth 18 the fvndjonal iyjffency of the Churth. Monetary amounts In these financial ststemgrts are rounded to the nearest £. The ffin•n¢ial 8lalemen18 be•n ￿par0d und•r th• N8tori¢al Ca)St ￿n￿ntiOn. The prfndpal •¢¢ounllng poli¢69$ adopt•d ar• $•t out b•low. 1.2 Unlgn of Congrngatlom. B••l• of prnparntlon The Accounts have been preparsd apFtying acquisition accounting to thtr Unlcn tsf Congreg8tion$. Th• fair Volu• ol fund$ r•eoivab19 from tht ￿aSing tharity {Cathcarl ad Pori$h Chur¢hl ar8 $htywn a$ in¢om*, discbsed separatety as 'Th• tr8nsler of Un•)n b8lanc•' in the Stat&ment of Financkql Adiviti•s, 81 Agreed by the Church ol Scodand OSCR, As a resutt of the applica1￿ of aujuisition gcuunting, the comparathv figu￿$ are those lor the ￿ained charity (Cathcart Tnnty Church) onty. and no con6olMlalbn exerclse ha8 taken place. Effective 71h November 2Wd4 onwards, Income and expendrtur8 is reported In totdty. Further dtrlails of the fair vthes attadwl lo the Transfer of Union b8lBnce1s provided in nole 2. 1.3 00Sng con¢•m At the time of 8ppTovlng Ihe Ilnanthl statern￿ts. tho Trust•es havo a reasonabl& expeclatlon that th8 Church has adequate resourcej to continue in operational existence for Ihe foreseeatrAe fvrture. Thus th• Tnjslètrs Continue lo •dopl the going conc•m b•si8 of accounting in pr¢p8ring the fin8nrA81 stslem?nts. 1A Chartt•bl• fund• Unr•stricted lund$ Ar• •xpendat4• •t the dls¢r•lfiM ol th• tw$t••$ in furlh￿nCe of Ihe c+Jh¢ls of th• ¢h41ty. If parts of the unrestricted lunds arn e•M)8￿ed at the disCre￿n of Ihe truste&s for a particular purpose. they are desvJnated as a separate fund. Thls d8svJnatKJn has an administrabve purpose On￿ and does not legal restrlcl the trusle83' di5cretKJn to apF*y Ihe knd. Restrfcted lunds aro fvnds sutyecl to spedk requlrem8nts as to thdr use may be dedared by the donor or wth thdr aUlh￿ or crnated through W processes, bui slll vhthln the vhder objects of the chadty. 1.5 Incom• Incomp 18 recognised when the Church 18 le9alty enlMpd lo it after any performance conditv)n$ have botrn met, the •mount$ Can be ￿3$￿￿d rfabty. and it 1$ probabk Ihat inm wll be o¢*Ned. Donafjons are T￿gnised vthen the (*taTity ho$ ewden¢e of entrfknnt to the glft, receipt pmbable and •mount can be n￿asUred reliatty. Entthmenl u5ualty arises imn*diatety upon receipt. however, in the event that a donation i¥ ¥ubjeGt lo rondrbon¥ that require a lovel of porformgnr* bth*re the th8rty is entiljvd lo the funds, the incomè is deferrod and not rocognised unb"l erther those conditions aro frjlty met, or thè fulfiknenl of those condrtK)ns Is wholtry vAthln tho contrcl of tha chaity and li Ls probat40 that thoso condrtbns VAII be fulfilled in the ￿porting period. 13- CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounilng pollcl•• Icontlnuodl Lega¢y gffts mu81 ￿ r•¢ognls•d Wh￿ It 1$ prob•bl8 th•t li t*AI b• rnulve(l. 1$ nomwlty followlng the 9r8nbng of probate, wh8n th8 8dministratorlex•cLrtor ol th• èstat8 has communicat8d in wrthn9 both the amount and sotllement date and any condthns attached to the tsgacy ar• either vAthln the control of tho chanty or have been met. In the evenl thal the g￿ is in the fo￿ of an asset other than cash or a financi81 as8el traded on a recognised stock exchange. recognition is 8sJbJect to the vabje of the grft being re￿abty m&86urat4• wlth ¥ dsgretr of r¢050natle accuracy and th• tilltr to th& a55trt havlng boon tr•n$fvrrod to the Donat￿ •er¥lco• and lacllltl•• Donated professional seThir*s and donated tsclrt1￿ arp recognl3ed as when the charfty has control ¢)v¢r the rt•m, any ¢ondition$ 4$$0¢ts8t*d th• d¢*n8tsd it•m hAW b8•n ml. th• I￿41p1 ol ¢¢onomic b•n*fft from th• uso by th• chartty of Ihè it•m Is wobat48 and that aL*)noffMe ￿n¢fil can ￿ moasurèd réliably. In accordance wrth the Charitles SORP IFRS102} the general volunleer lime of congregation members is not re(X￿nIS0d. On receipt. donated profe861onal wryices and donated ts(altie$ are recognlsed on the basiB of the value of th• gift lo the tharty which 13 the anvjnt the dwrity would h￿e been wlling to pay to obtain 8erwce3 or f8¢ilrt161 ol wuiv8lènt econom￿ ￿ft9￿ on the co•n mam., 8 oyrn8ponding •mount 1$ th&n recogn1￿￿ a$ •xpondlluro in th• pgrtod ol r¥c•4)1. Grnnts rrt•lv•b In¢omè from 9￿MrI￿nI oth•r grants, wt*•tr•r'¢apW ¢Y'rw•nu•' In n8turn. 4r• r•c4)gnlwl wtt•n th• charlty ha8 unconditional entthmenl to the funds, it is probable thal the incom8 be recolved, th• amount can be m88sur•d reliatty. UnconditK)nal enbllement be acM"e¥ed once any perfomiance or other condition8 attached to the grant8 have been ￿1. or fvlfiknent of th08e condiiKJn8 18 wholty wthin the control of the chadty. lth•r¢ p•rfom)on¢e ¢ondition$ 8r• 8tt•¢W lo lh• gr•nl 8nd are yel lo ￿ m•t, th• In¢m18 r•¢ognl8•d a8 8 abllty an¢J Inthjaed on lh* b818nu $ho•t as defened In￿rne to be rel98￿. In¢orn• from c￿rI￿bI* *ctlvlti In¢omè from tharrtablè actfvrti•s indud•$ In¢tyM ••m•d bolh from the $UPFty of OOCtyJ$ or under ¢Mtr8clual arr8ng•m•nts and from p•rfom)ancNdat•d 9rants whth ha￿ ¢ondrbon$ Ihat $pèafy th• pn)vision of parb'cular ￿dS or seTh￿S to be pmwded by Ihe chanty. IncANne Irom charrtable adivibe8 is rocognlsed 88 eamed188 Ih8 related goods or 8eNiceB aro Provldodl. Income from other tr•dlng •ctlvltle• Income ftom other trading actNibe¥ i¥ re(>)Bnl8ed vhwn tho th•rty hai entillement to the thJnd¥, wvbablp that th•u ￿11 b• and th8 aft￿￿nts can be bY*4sured rnliatty. Int•r••t Mc•lv*bl• Intere$1 on fvnd$ hebj on depo$it 1$ induded when r¢¢*r4otlg •nd th¢ amount ¢8n ￿ m&¥$ur¢d r¥llatty by the ¢h•iity.' thi$ 1$ norM￿ty upon notrfi¢ation ol the inte￿${ paid or payatrk by the b•n Glft Ald Incon* lax recoverab￿ on Grft Aid donations is recognised when the respectNe donation has been recognised and the recoverable amount ol incoff* lax can be rI￿sUred rel8bly'. this is normalty vthen the donor has cornp￿ted the relevant Grfl Aid dedaration foThn. In￿rne tax recoverab￿ on Grft ANJ donations is alb)catè to tho samo lund a$ th• r•sp8ctivè don81ion uthss wofied by Iho donor. 14_ CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounilng pollcl•• Icontlnuodl 1.6 Exp•ndltur• Liabihties are recognised a8 expenditure 88 soon as there is a legal or constructive obl'gabon committing the chanty to that experKlrture. it 18 probat4e that 8etdement be required and the amounl ol the obligation can measured or estimaled reli?Lty. Li•bilti88 ar• m88$ur•d on rwnthn 8t histoital ¢ost And th•n subsaqwty ma$ur¥d at th8 b•$t e$tlmat¢ of th• amount requlred to setde th8 oblgab.on at the reportlng date. Tho excepuon 18 that C8rtaln financlal inslJuments musi be adjusted to their p￿sent value,. Ihese ￿¢*jde financkil Ikibll￿eS where settlement is deferyed for more than 12 after the rewting date. hjl exp¥ndilur¥ 1$ o¢¢ounted for M an awuals basis. AJI gXPgns¥s induding SUPFQrt ¢o$ts ond gov•mon¢o ¢osts ai¢ alkKal8d or apportion¢d to th¢ appkaL4• eX￿n¢￿"t￿le h•adMw$. Expondltur• on ch•rftsbl• #¢tbvlll•s Exptsndilur* on th¥rit8bl¢ activth'trs induSts kn •CLordance wtth the SORPI comprise 811 costs invthing the pubSc acc4>urrtabihty of the Church and its complance wth regulation and good pracllce. These costs Indude those related to conslilulon81 and statutory requIrer￿nIs. extemal Bcnjtlny laudtt or independent examlnalwl, strategic and olher legal and prole$6ional fee8. lTh•cov•rnbh VAT IrrecoveratAe VAT15 chafgod againsl tho Oxpondlture hoadlng for whkh tt was In￿rred. T•x•tlon Cathcart Trfnty Church Is r•cognls•d as a charty lor th• puws of aPrI￿abl8 taxafjon 18glslatlon and 18 th•rtslor• not subject to t8X811on on rts charltable Th• charlty Is not rnglst8rnd for VAT and r•sourc8s expended th•r•for• InthJd8 irrecovernbk• inwt VAT. 1.7 T•nglbl• flx•d ••••t8 The Church ha5 Ihe righl to occupy arbd use fcK Ils charilatAe objects certain tangitle fr¥ed a56ets, induding the Churth and hall¥. the litle8 lo which are vested in Ihe General Trustees of Ihe Church of Scoljand for the ¢ty19rngats'on li.o. not ownsd k¢g1ty by the r•portAig Ch•ntyl $ubj¢¢t lo th• r¥9￿4b￿n an¢J diwtion of tho General As88mbty of th8 Church of Scolland as r8gards th8 managèmant and dSsposal of U)0 properl8S proceeds. Expendrture incurrnd on the repaii and maintenance of these assels Is charged as resources expended in the Ststement of FinanaalActivrfie6 in the peiiod in which the knbilty arises. One property is kI￿lty iy•med. ling Ihal al This PTopety wa5 acquired 48 P8rt ol the Union of Congregat￿>￿￿. btring held by the Tw$tee8 of Ihe prev￿• Cathcart ad Pari¥h Churth, and ig includ•d wthin th• B8￿n¢0 Sh•èL Depwalion 1$ rfjcogni$￿ $0 as to writ• off lh• ¢>)st or vthatK)n of •ss*ts1g$$ Iheir re￿dUal v8lue$ over Ih&lr us8ful liv8s on thè ba￿. Foehokl land and buibjings Fixiures, ffttings and equiprr*nt 50 ye8 10 years straigm kne The gain or loss arising on the disposal of an asset is detemiined as the drferenee between the $ale proceeds and the carying vahje of the asset, and is recognised in the statement of finanaal activ￿"es. 15- CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 Accounting policies (Continuedl 1.8 Flx•d ass•t Inv•stm•nts Fixed asset investments are inilialty measured at transaction price excluding transaction costs. and are subsequenuy measured at fair value 8t each reporting date. Changes in tsir value are recognised in net incomellexpendrturel for the year. Transaction ¢x)sls are expensed 85 incurted. 1.9 Impainnent of fixed assets At each reporting end dale, the Church reviews the carying amounts of its tangible assets to detemine whether there is any indication that those assets have sUffe￿d an impaimient loss. If any such indication exists, the recoverable amount of the assel is esbmated in order to detemine the extent of the impaimient loss lif any). 1.10 Cash and cash equlvalents Cash and cash Èouivalènts indude Cash In hand, deposits held at ¢all with banks, other short-term liquid investments wrth original maturities of monlhs or less, and bank ovèrdrafts. Bank ovèrdrafts are shown wrthin borrowngs in 0Jr￿nt lia￿.1￿*$. 1.11 Flnanclal Instruments Th¥ Church has elected to appty the pro￿810n$ of Section 11 '8aslc Flnan¢Sal In$lrumenl$' 8n¢J Se¢llon 12 'Other Finanaal Instwmenls Issues, of FRS 102 to all of rts finanaal instruments. Financial instnjments are recognised in the Church's balance sheet when the Church becornes party to the contractual provisionB of the instrument. Financial a$set$ and liabilili$$ ar¥ offset, wilh lh& nel amounts pfesenled in th& financial $18temenls, when thera is 816981ty énforcèable right lo sèt off the recognised amounts and there 1$ an intention to settlè on o not basls or to realise the asset and settle the liability simumaneousty. Baslc flnanclal assets 88sic financial assets, which indudè debtor$ and cash and bank balancès, arè initially measured at transaction pnce Including transaction costs and are subsequently carried at aM0￿'Sed cost using the effectlve interest method unless the arrangement constilules a finanung transaction. where the transaction is measured at the P￿sent value of Ihe future receipls discounted at a market rate of interest. FinancAal assets classified as receivable within one year are not amortised. B•si¢ finan¢ial lijbilities Basic financial liabilities. induding creditors and bank loans are initialty recognised at transaction price unless the arrangement constilules a financing transaction. where the debt instrument is measured at the present value of the future payments discounted al a market rate of inlerest. Financial liabilities classified as payable wrthin one ye8r 8re not amortised. Debt Instruments are subsequentty carried at amortised cost. using the effectNe Inte￿$t rate method. Trade creditors are obligations lo pay for goods or services tha( have been acquired in the ordinary course of operations from suppliers. Amounts payable a￿ dassified as current liabtlrties if payment is due within one year or less. If not. they are presented as non-current liabiifties. Trade credttors are recognised initially at ti8ns8CtK)n price and subsequentty rneasur8d at ar￿)rtised rA)St using the effeciive interest rnethod. Dèro¢ognition of financial liabilities Financial liab11￿.es are derecognised when the Churth's contraclual obligalions expire or are discharged or cancelled. 1.12 R•tir•mont bènèfits Payments to defined contn'bulion retiremenl benefft schemes are charged as an expense as they fall due. 16- CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 Thè Transfer of Unlon Balane• On 7th November 2024 there was a Union of Congregations befv￿en Cathcart Trinity Church of Scotland ISC0338021 and Cathcart Old Parish Church of s￿￿and ISC0027271. The United Church retains the tharity nufflber of SC033802 from Cathn of the Churth'8 accounling OKi88, the Trustses are wuired to mako judgeff*nt8. estimates and assump1￿n8 about the carying offKJunt of assets and liabi1rt*s that are not readly apparent Irom other Sources. The e5tirnates and aSs￿lated a55umptions are based on his10r￿￿1 experience and other IAclorn that are ￿nSid￿$￿ Its b¢ r¢l¢¥anL Adu4 rtrsdt¥ may drfftrr th¢#¢ estimalts& The eslmal•s and undertylng assumptknns arn rw1•W￿ on an ongolng basls. Revlslons to accounllng estimates are recognised in the period in t*thKh the esiimate is mised t*thefe the ￿V¢s1On affects onty that penod, OT in the period of the and bJtur8 periods Vlthere the rew8KJn affect6 both current and fijture pwlods. Key ar•48 ol•stm8b"on and jud9erYMnl r118￿"￿0 to th• Urmon of Congw•tSon8 •r• a$ follow8.' Prop•rty Valuatjon A property at ￿WaS acquired as port of the Union. The property was independentty valued by surveyors, Shepherd Commercial, on 4th March 2025. The Tru6tee8 are $ati6fied thot this value would not have t¢en m?len?ty drfferenl at the date of transfer of 7th Nov¢mbgr 2024, and feel il appropwialg lo appfy lo the unl￿ ￿n3•¢t￿)n3. A¢¢ru•d Ineom• and •xp•ndbiurn The best esllrnate of accwed Incom and accNed expendtture at 7th Novemb8r 2024 has b86n Incjuded, taking into account tran8actions whKh are known to have been setded post 7th November 2024 and gift aid whKh were outstanding. 11 1$ fvrther ¥$8um•d thal Ih•r• no li•blit*$ (aclu￿ crf ¢onling•nll rel•lwig to tho charfty of C•1h¢art Cld P*$h Chur¢h *fftlch had not be￿ lThJud¢d *thln tholr txn A¢cAwnts. Fund C•t•qorl••tlon As parl of the Union. the Tru8tees have not been a*rted to any Te*tridions on fund8 previou8ty he￿ by Calhcart Parish lolher than the noted Ibmr lund •nd endvwment fund) vthKh woulj need to be le8p¢￿ed ond ¢awfvly 4ppr•is¢d belor& appll¢abon. Fund$ whth prwou* $htrAm •$ d•$ign8tsd Calhurt Cld Parkn Churth hw• b••n rnl•kn•d. 18- O• 01 CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 Income from charltable actlvltles UnrnBtrictod R￿tricted fun fun Total Unr•stricted Restricted 2024 funds funds Total 2023 2023 2023 Life & Work Prernises income Irom unassooiated groups Prernises income from associated groups 164 168 168 27,975 27,975 22,316 22,316 6.842 1,780 8.602 6.072 1.195 7,267 34.981 1.780 36.741 28.556 1.195 29,751 In¢om• from oth•rtradln9 O¢tlvltl•$ Unmtrfct•d Unr88trlct•d fund$ fund$ 2024 2023 Other Income 13,125 2,400 In¥￿tm*ntS Unrestrlet•d Unrestricted fvnd8 fiJn4$ general general 2024 2023 Deposrt intere81 1.410 1.318 Other Incorne Total Unre¥tri¢ted funds gèneral 2023 2024 Receipts from General Trustees 16,196 -20- Op O p * Ir>￿04 * (o 471 t* In (• 0¢+0￿¥ r l trj p) p) oo+ow c"0£ SrLCrVttowu￿l)EJ￿fo 131 >0 ￿(ty r f* P4 Ov c c ol CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Tru•t••8 Romun•rntlon •nd R•l•t•d P•rty TrAn8•etlon• Ministerf8 travel, telephone. councal tax and other expen8e8 paid in the year totsI￿d £3.218 12023- £4,261). No other Trustee rKeive(I Terw￿rn1]0n or reinburserT*nt olary expen5e$ durirwJ the yeof. No Trust80 or person r•lat•d to a Imst•8 had ary pwsonal irrt•r•st in 8ny tt•ntrad or transo(thn •nterad knto by tho charlty durfng th8 y•ar. Durirvj 21r24, donations identif￿d a8 having been TO￿1¥ed by the from the TnMte08 totabd £35,685 12023- £47,441}. During 2024. th• In¢urr•d rel￿01#110n •nd r•thJth"shrnnl expenditiJr• tolalling £1,682 12023 - £30.9761. 11 Employ••• The average monthty number of emplryee8 during the year was". 2023 Mumb•r Numb•r PremlseB maknlenanc• Employrn•nt co•t• 2023 Wages and salad•s Stsff pen8lM 25.618 742 24,789 742 26.358 25,531 Thor• no •rnplOy￿1 annual remunornlity) wao £eo.LKK) or mom. Thg Tru8t••8 Con￿dar th•m88frM8 akng wllh IM Mlnl8l•r as th• ch8rWs mana98ffont pOr￿nn01. Al Church of Scotland COng￿gationS contribute to the Naiional Stipend Fund bears the costs of all ministers. stipends and empbyerfs conln'butions kjr national insurance. pension and hou8ing and loan fvnd. Ministers, ¥tiFends are paid in accor(lance the national sbpend sca*. whth is related to years of s¢rvi¢e. For the year under review. the n¥nimum $b'pend w85 £31.642 and the rn8ximum stipend li) the fifth 8nd $ubs•qu•nl ￿#r$I £38,884. 12 T•x•tlon The chartty Is exempt from taxalknn on Ks ac￿vIl0eS because al lis Income l& apple(I f￿ chafftable purposes. -23- CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 13 N•t Ineomèll•xp•ndltur•l lor th• yèar 2024 2023 Operating for the year is stated after charging.. Independent Examinerfs fees Payroll services paid to Independenl Examiner Depreci8bon of owned tangible fixed 8ssets 5.016 1,392 2.826 4.672 1,301 2.785 14 Flxed a88et Inve8tm•nts In¢om• 8tsnd$ Co8t or valuatlon At 1 January 2024 Additions- arising from Union 10,000 At 31 December 2024 10,000 Carrylng amount At 31 December 2024 10,000 At 31 December 2023 A$ part of th8 Union of Congre98tion$, NS&I Incomg Bonds held by Cathcart Old pa￿Sh ChU￿h of Swtland ISC0027271 are recognised. 16 Tanglble Ilxed asset• Frnehold ￿nd •nd tyulldlng¥ Flxturnj. flttlng¥ •nd •qulpmgnt Tot•1 Cost At 1 January 2024 Additions- ansing from Union 36.554 36.554 260,000 260.000 At 31 December 2024 280,000 36.554 296,554 D•pr•eiation and impaimi•nt At 1 January 2024 Depreaabon charged in the year 11,304 2.826 11,304 2.826 At 31 December 2024 14.130 14.130 Carrying amount At 31 December 2024 260.000 22.424 282,424 At 31 December 2023 25.250 25.250 -24_ CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Tanglbl• flx•d aM•t• Icontlnuodl Upon th• Unbn ol Conor•g•lths a iYop•rtJl at 8$ re¢ognlMd. In accordanc8 Mth Financlal R&po￿n￿ Standar eva uea Is was ￿preSentatIVa of ma￿et valu• at th• dat• of UnKJn. being 71h November 2024. To fairly assess the value, the Trustees Instructod a profession81 survey of ihe propety by Shepherd cOn￿)e1ClaI. This sur¥ey, on 4th March 2025, provided Value of £280,￿xI which the Tru8t008 are 8ab8fied *ThikJ not have been matetialty dfflerent at 7th November 2024. 18 Fln*nclal In•lTum•nt• 2024 2023 C•rrylng •mount of fln•nel*l a•••ts InslnJmentB meawred at falr value through profft or k) 10,000 17 O•btorn 2024 2023 Amounts f•Mlng du• T*lthlTr on• y••r. Other d•btorn 8,165 3,203 18 Crndltorn: •maunts f•lllng du• Thlthln on• ymr 2024 2023 Other tsxalion 84)d 80¢ial Other C￿ditorS A¢¢ruS￿ 8n¢J d¢krr•d IrKom• 1,399 14,202 1,257 8,083 15,991 7,530 19 R•tlr•m•nt b•n•fft •¢h•m 2024 2023 D•fin•d eontrlbutbon •eh•m Charge to profft or ￿?$8 in respect of defined ¢>)ntrilxrtion Sthemes 742 742 The Church operates a deflned contrfjbutx)n pensbn scheme for all qualfylng empbyees. The assets of the stheme are held Separate￿ from those of the Church in an independenty adMiniste￿d fund. CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 20 Endowmènt funds Endowment fijnds represent assets which must be hehj pern￿nenty by the Church. Income arising on the endowment funds can be used in accordance with the objects of the Church and is induded as unrestricted income. Any capital gains or losse5 arising orh the assets forrn part of the fvnd. At 1 January 2024 Incomlng resources At31 December 2024 Pérnian•nt èndowmènts 1.270 1,270 The Union of Congregation has resutted in the transfer of the endowment funds from Cathcart Old Parish Church of Scotland ISC0027271 on the 71h November 2024. 21 Unre8trScted funds - d•8lgnated These are unrestri¢ted fvnds whKh are material to Ihtr Chur¢h'8 adivities madè up 88 follows.. At 1 J•nuory 2024 In¢omlng oure•8 R•$our¢•$ •X￿nded Tr•n$f•rs At31 D8e•mb8r 2024 D8slgnat6d Asset Fund Kirk Session Fund Fabric Fund Benevolent Fund Sunday School Guild Fund Mens Association 25,250 1.720 280.000 {2,8261 282,424 1.831 12,253 1,450 822 2,161 299 12.253 1.450 822 2.161 28.970 277.096 {2.8261 301.240 Prevlous year: At 1 January 2023 Incomlng resources Resources expended Transfers At31 December 2023 Designated Asset Fund Kirk Session 27.034 1,616 {2.7841 1,000 25.250 1,720 104 28,650 104 {2.7841 1,000 26,970 -26- CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 21 Unmtrlct•d fund•- dMlgnal•d Icontlnuodl D•slgn•t•d A•ut Fund Th8 D•s*nat8d Ass8ts F￿d rnpr•sents lh• nat book Oft￿ chantys fixad 8$￿Is. Income of £260,LM)O in the year ￿preSentS the pmperty acqui￿ upon the UnK)n wrth Cathc4rt Okj Parish Church of Scodand ISC002727I. Please r8fw to rKSte 2 & nots 15 for further detalB. During lh• pTh)r year •nd•d 31 O•cwnbtrr 2023, £1.CiKI wa$ b¥n$f•rr•d frryn thts R•strtt•d Fund$ towards th• pur¢h8$8 of a$s*ts. Klrf( S•Mbon Fund The Kirk Session Fund records the income and expendrture of the Kirk Session. Thi8 lund 18 treated a8 "deswnated" 88 the Trustee8 recogni8e that the fund can onty be used at the discretion ofthe Seswon. Th• Unlon of Coftgrng•tlon h•s mult•é In th• bansf•r of th• followlng d•¥lgn*t•d lunds Irom C•thc*rt Old P•rtsh Church ol Seotl•nd (SC002727) on th• 7th NoY•mb•r 2024. Th•s• lunds w•rn r•pm•nt•d •s D•slgn•t•d Funds by C•tch•rt Old •nd th1• c•t•gorls•tlon h•s b••n prns•rv•d In th•s• nnanclal st•t•m•nts. D•t•lls ol th• •stlm•t•s •nd Judg•m•nts l•k•n •r• provld•d In Not• 3. Fund• tr•n•l•rY•d •r• rn¢oqnh•d•¥ Incom• In th• •bov• t•bl•.' F4brl¢ Fund R•pr•s¢nl$ fiJnd$ hekl for th• m11nt•n•n￿ of the ¢hur¢h properfi&s. B•n•vol•nt Fund The Benevolent Fund exlstl to pnwhle 8$8lstanc• In tlme8 ol haTd8hlp. 8und•y School Fund R•pr•Mnls fund$ Ih¥l th• TN81￿ have ••t asbJ• for by th• Sundoy StrK*OI. Gulld Fund Represonls fvnds that th8 Trust•￿ have aslde for by th& Gu*J Commttiee. M•n• A••oclatlon Fund Represents fvnd3 that the Trust••s havt sot aswJ• for us• by tM M¢n$A#8Oc44￿n. 22 R•$t￿¢t•￿ fund• The restrfcted funds of the charity cory)ri8e the unexpended balances of donakns and grants held on Iru8t subject to Spec￿ conditions by donors as to they may be used. At 1 J•nu•ry Incomlng Re•ource• Tr•Mfer• 2024 Tr•ourc •xp•ndod At31 O•c•rnber 2024 Flower Fund Sunday Club Rgslricted Legacy Fund Defibrillator Fund 4.899 11,5511 13931 3,870 980 250 1( 1.373 250 1CiI 2.245 11.9441 5,2LKJ -27_ CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 22 Restricted funds (Continuedl Prèvlous yèar= At 1 January 2023 Ineomlng rnsoure•s R•soure•s •x￿nd•d Transfèrs At31 Deeember 2023 Flower Fund Sunday Club Fabric Fund 20120 Vision Fund Restricted Legacy Fund Defibrillator Fund 879 3.202 3,648 1,314 250 1.195 {1.5521 {1.8291 {3,6481 {1.3141 522 1.373 250 100 500 11.0001 9.893 1,695 {8,3431 11.0001 2,245 Flowtr Fund The Flower Fund rep￿sentS lund$ used lo buy 110￿1$ for church ￿￿1¢¥$. In¢om¥ of £3,139 In th¥ y¥ar rep￿SentS the funds recognised upon the Union of Congregation on 7th November 2024 Sunday Club Represents funds used tOW8rds the Sunday Club and generalty young peoples. groth in the Christian faith. Fabrfe Fund The Fabric Fund repr6sents funt1s recèived sp6ufical￿ for malnt•nancè and repairs to th& church bulldlng Including from theft of lead from the roof antJ assouated damage and the installation of anti-theft measures. The Fund was fully expended at 31 December 2023. 20120 Vl8lon Fund The 20120 Vision Fund represen1$ ftjnds received spetyfi¢alty for the reme￿￿1 repairs of the church building over 8 4 year ptrriod. The Fund w8$ fulty expended al 31 D¢¢emb&r 2023. R•strlcted Legacy Fund The Restricted Lega￿ Fund represents fvnds received from legacjes that carry sperAfic restrictions. During 2008, the church received a £250 legary to be used towards ihe purchase of a stained glass window. Defibrillalor Fund Represents donations received towards thè costs of Ihè purchase of a defibrillator. During thè year ended 31 December 2023, £1,000 was Iransferred to the DeswJnated Asset Fund (Unrestricted) toward the purchase of a defibrillatoi. -28- CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 23 Unr•strSetod funds These are the unrestricted fijnds to the charity At 1 January 2024 Incoming resource$ Resources expended At31 D8c8mber 2024 General fvnds 86.820 207,111 1199.3521 94,579 Previous year: At 1 January 2023 Incomlng Resources xpended At31 De¢gmb8r 2023 Goneral fvnd$ 94.936 203,292 1211,4081 86,820 G•nor¥l Fund The General Funas represent the res&rvg$ of Ihe Church which lh& Tru$lo¢$ a￿ lo dir¥¢t In th& furtherance ol the objectives of the Church wthout further reStr￿tiOn. -29- CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 24 Analysls of nèt assèts b•tw••n funds Unr•strletsd Unréstrletèd fund6 funds genernl deslgnated 2024 2024 R•strlet•d Endovmiènt fund8 fund8 Total 2024 2024 2024 At 31 Deeember 2024= Tangible assets Investments Current assetsllliabilities 282.424 282,424 10,000 109.865 10,000 84.579 18.816 5.200 1.270 94.579 301.240 5.200 1.270 402.289 Unr¢$trletsd Unr•strlet•d lund¥ funds g•n•ral d•slgnat•d 2023 2023 R•st￿ct•d Endowm•nt fund• funds Total 2023 2023 2023 At 31 Dèc•mb•r 2023: Tangible assets Current assetsllliabllrtiesl 25.250 1.720 25.250 90,785 86,620 2,245 86,820 26,970 2,245 116,03S 25 Volunte•rs In common wrth 811 congregation$ of Ihe Church of Scotland the ￿ng￿gatIOn benefit5 from the contribution madè by volunteers who give thèir lime and talent$ willingty for the benèfit of the Church. Thè arèas of congr698tional lrfe which re￿ on the contnbubon of voluntèèrs are many and varied and mu¢h of thg a¢tivlty would be unable to continue were rt nol for Ihe commrtment shown. 26 Collectlons lor Thlrd Partles 2024 2023 Glasgow SE Foodbank Lodging House Mission Cocaine Anonymous OF*ralion Mobilisation {Miss￿nary Part￿r, Pakistan) 261 890 390 10 2,860 261 4,150 Cathc8rt Church of Scolland acted as an agenl to colled and remrt fvnds lo the above named third parties. This income 15 ntst treated a5 belonging to the Congregation as Ihè Trustèe5 cannot control or direct the funds. As such the Income and expendrture is not reported in the Statement of Finanaal Activities. CATHCART CHURCH OF SCOTLAND, GLASGOW NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 27 R•latod party transaetlons Other than disclosed in note 10. there were no disdosable related party transactions during the year12023 - none). 28 In¢ome from Actlvltl•¥ Contributions from 9roup$ and organisation$ hobjiny acb"vrb"es vAthin ouc Chucch buil¢Jings indud¢ ". 2024 2023 Allegro Dance Arts and crafts Baby sensory B8drninlon Clubs Catering (Sunday teas) Cocaine Anonymous ER Feel Better Foundation Fathèrs Song Flower fund Guides and Brownies Hear my muslc Hall Hire Hosprtallty Lets go constru Life and Work Line Dancing Mission sales Moments Cale Probus Scouts Scripture union Snowdrops Street Pastors Table tennis Toddlers Youth Club 4,000 765 930 1,701 1,350 1,416 980 473 232 1,760 745 7,125 180 1,022 750 1.195 1,405 4,425 300 20 168 1,500 3,752 200 350 900 1.054 1,260 5,660 200 370 630 150 200 1,940 700 2,160 950 1,320 36,741 29.751 31