**REGISTERED CHARITY NUMBER: SC043044** ## **REPORT OF THE TRUSTEES AND** ## **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **FOR** ## **GLASGOW REFORMED PRESBYTERIAN CHURCH OF SCOTLAND** Benham Conway & Co Chartered Accountants 16 Royal Crescent Glasgow G3 7SL **GLASGOW REFORMED PRESBYTERIAN CHURCH OF SCOTLAND** ## **CONTENTS OF THE FINANCIAL STATEMENTS For The Year Ended 31 December 2024** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|2| |**Independent Examiner's Report**||3|| |**Statement of Financial Activities**||4|| |**Balance Sheet**||5|| |**Notes to the Financial Statements**|6|to|9| |**Detailed Statement of Financial Activities**||10|| **GLASGOW REFORMED PRESBYTERIAN CHURCH OF SCOTLAND** ## **REPORT OF THE TRUSTEES For The Year Ended 31 December 2024** The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The purpose of the Church includes these : to worship; to evangelise; to instruct; to testify to the truth; to give pastoral care and to encourage social responsibility. The church is Presbyterian in government and its day to day running is undertaken by the Elders (the Kirk Session) and the Deacons (the Committee of Deacons). The Committee of Deacons' specific function relates to the material and financial needs of the congregation whereas Elders are charged with the general and spiritual oversight of the congregation. The Minister and Elders of the congregation are ex officio Deacons on the Committee of Deacons. Under charity law the Committee of Deacons are deemed to be the Trustees of the Congregation. ## **ACHIEVEMENTS AND PERFORMANCE** ## **Charitable activities** Public worship has been held twice each Lord's Day and on Wednesday evenings throughout the year. Services are recorded and made available online for wider distribution. Various other activities are carried out including bible studies, youth meetings and community outreach. ## **FINANCIAL REVIEW** ## **Principal funding sources** The congregation receives its funding by way of weekly/monthly offerings and Gift Aid recoveries. ## **Reserves policy** The main commitment against the congregation's general fund is payment of ministerial stipend and associated costs. The surplus for the year on unrestricted funds was assessed as required to meet on-going commitments in the new year. ## **FUTURE PLANS** The trustees intend to continue to evangelise in the area local to the existing church and to consider opportunities to set up other similar works in new areas. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is an unincorporated association, governed by the constitution of the Reformed Presbyterian Church of Scotland and constitutes an unincorporated charity from 27 March 2012. There was a congregation in place prior to this date. ## **Recruitment and appointment of new trustees** The Kirk Session determines when an election of Elders and Deacons should take place and how many should be elected. Any election process must involve the communicant membership of the congregation. There is no fixed term for Trusteeship. Prior to their appointment, new Trustees would have served the Church for some time in various roles and would be familiar with the Church's values, its aims and objectives as well as its day-to-day operations. As part of their induction programme, new Trustees are required to understand their statutory responsibilities as well as their responsibility as Elder or Deacon. ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Charity number** SC043044 Page 1 **GLASGOW REFORMED PRESBYTERIAN CHURCH OF SCOTLAND** ## **REPORT OF THE TRUSTEES For The Year Ended 31 December 2024** ## **Principal address** Drumadoon Bridge of Weir Road Kilmacolm PA13 4NU ## **Trustees** The Deacons' Court (the Trustees) who served during the year were as follows:- ## **Elders:** ## **Deacons:** ## **Independent Examiner** Benham Conway & Co Chartered Accountants 16 Royal Crescent Glasgow G3 7SL Approved by order of the board of trustees on 22 September 2025 and signed on its behalf by: - Trustee Page 2 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GLASGOW REFORMED PRESBYTERIAN CHURCH OF SCOTLAND** I report on the accounts for the year ended 31 December 2024 set out on pages four to nine. ## **Respective responsibilities of trustees and examiner** The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention. ## **Basis of the independent examiner's report** My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention : - (1) which gives me reasonable cause to believe that, in any material respect, the requirements - to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and - to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations have not been met; or - (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Benham Conway & Co Chartered Accountants 16 Royal Crescent Glasgow G3 7SL 22 September 2025 Page 3 **GLASGOW REFORMED PRESBYTERIAN CHURCH OF SCOTLAND** ## **STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 December 2024** **----- Start of picture text -----**
31.12.24 31.12.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 159,409 3,243 162,652 162,493
Investment income 2 5,302 - 5,302 2,314
Total 164,711 3,243 167,954 164,807
EXPENDITURE ON
Charitable activities
-
Direct Charitable Expenditure 66,957 66,957 44,168
Administrative Expenditure 570 - 570 2,306
Total 67,527 - 67,527 46,474
NET INCOME 97,184 3,243 100,427 118,333
Transfers between funds 9 (10,000) 10,000 - -
Net movement in funds 87,184 13,243 100,427 118,333
RECONCILIATION OF FUNDS
Total funds brought forward 346,512 600,341 946,853 828,520
TOTAL FUNDS CARRIED FORWARD 433,696 613,584 1,047,280 946,853
**----- End of picture text -----**
The notes form part of these financial statements Page 4 **GLASGOW REFORMED PRESBYTERIAN CHURCH OF SCOTLAND** ## **BALANCE SHEET 31 December 2024** **----- Start of picture text -----**
31.12.24 31.12.23
Notes £ £
FIXED ASSETS
Tangible assets 5 609,234 592,658
CURRENT ASSETS
Debtors 6 124,342 106,664
Cash at bank 319,256 258,012
443,598 364,676
CREDITORS
Amounts falling due within one year 7 (5,552) (10,481)
NET CURRENT ASSETS 438,046 354,195
TOTAL ASSETS LESS CURRENT
LIABILITIES 1,047,280 946,853
NET ASSETS 1,047,280 946,853
FUNDS 9
Unrestricted funds 433,696 346,512
Restricted funds 613,584 600,341
TOTAL FUNDS 1,047,280 946,853
**----- End of picture text -----**
The financial statements were approved by the Board of Trustees and authorised for issue on 22 September 2025 and were signed on its behalf by: The notes form part of these financial statements Page 5 **GLASGOW REFORMED PRESBYTERIAN CHURCH OF SCOTLAND** ## **NOTES TO THE FINANCIAL STATEMENTS For The Year Ended 31 December 2024** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Heritable property is stated at cost with no depreciation provided. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ## **2. INVESTMENT INCOME** **----- Start of picture text -----**
|||| |---|---|---| |31.12.24|31.12.23| |£|£| |Bank interest|5,302|2,314| **----- End of picture text -----**
## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. continued... Page 6 **GLASGOW REFORMED PRESBYTERIAN CHURCH OF SCOTLAND** ## **NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2024** **----- Start of picture text -----**
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 157,208 5,285 162,493
Investment income 2,314 - 2,314
Total 159,522 5,285 164,807
EXPENDITURE ON
Charitable activities
-
Direct Charitable Expenditure 44,168 44,168
-
Administrative Expenditure 2,306 2,306
Total 46,474 - 46,474
NET INCOME 113,048 5,285 118,333
RECONCILIATION OF FUNDS
Total funds brought forward 233,464 595,056 828,520
TOTAL FUNDS CARRIED FORWARD 346,512 600,341 946,853
5. TANGIBLE FIXED ASSETS
Heritable
property
£
COST
At 1 January 2024 592,658
Additions 16,576
At 31 December 2024 609,234
NET BOOK VALUE
At 31 December 2024 609,234
At 31 December 2023 592,658
**----- End of picture text -----**
continued... Page 7 **GLASGOW REFORMED PRESBYTERIAN CHURCH OF SCOTLAND** ## **NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2024** ## **6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Trade debtors
**7.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Other creditors
**8.**
**ANALYSIS OF NET ASSETS BETWEEN FUNDS**
Unrestricted
Restricted
fund
fund
£
£
Fixed assets
**-**
**609,234**
Current assets
**439,248**
**4,350**
Current liabilities
**(5,552)**
**-**
**433,696**
**613,584**
**9.**
**MOVEMENT IN FUNDS**
Net
movement
At 1.1.24
in funds
£
£
**Unrestricted funds**
General fund
**346,512**
**97,184**
**Restricted funds**
Property fund
**600,341**
**3,243**
**TOTAL FUNDS**
**946,853**
**100,427**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
**164,711**
**Restricted funds**
Property fund
**3,243**
**TOTAL FUNDS**
**167,954**|**31.12.24**
**£**
**124,342**
**31.12.24**
**£**
**4,322**
**1,230**
**5,552**
**31.12.24**
Total
funds
**£**
**609,234**
**443,598**
**(5,552)**
**1,047,280**
Transfers
between
funds
£
**(10,000)**
**10,000**
**-**
Resources
expended
£
**(67,527)**
**-**
**(67,527)**|31.12.23
£
106,664
31.12.23
£
8,681
1,800
10,481
31.12.23
Total
funds
£
592,658
364,676
(10,481)
946,853
At
31.12.24
£
**433,696**
**613,584**
**1,047,280**
Movement
in funds
£
**97,184**
**3,243**
**100,427**| |---|---|---| continued... Page 8 **GLASGOW REFORMED PRESBYTERIAN CHURCH OF SCOTLAND** ## **NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2024** ## **9. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |At 1.1.23
£
**Unrestricted funds**
General fund
233,464
**Restricted funds**
Property fund
595,056
**TOTAL FUNDS**
828,520
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
159,522
**Restricted funds**
Property fund
5,285
**TOTAL FUNDS**
164,807|Net
movement
At
in funds
31.12.23
£
£
113,048
346,512
5,285
600,341
118,333
946,853
Resources
Movement
expended
in funds
£
£
(46,474)
113,048
-
5,285
(46,474)
118,333| |---|---| ## **10. RELATED PARTY DISCLOSURES** During the year a total of £49,288 (2023, £47,300) was donated by the trustees and related parties. Page 9 **GLASGOW REFORMED PRESBYTERIAN CHURCH OF SCOTLAND** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 December 2024** **----- Start of picture text -----**
31.12.24 31.12.23
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Congregational givings - Door 5,005 9,416
Congregational givings - Freewill 151,847 143,176
Property Fund - Givings 3,243 5,285
Congregational givings - Special Collections 2,557 4,616
162,652 162,493
Investment income
Bank interest 5,302 2,314
Total incoming resources 167,954 164,807
EXPENDITURE
Charitable activities
Manse costs 3,318 4,504
Church insurance 2,002 1,952
Church utilities 8,526 7,141
Hospitality/outreach 2,589 732
Communion & pulpit supply expenses 14,374 12,501
Telephone & internet 1,992 1,676
Sundry expenses 1,222 647
Property maintenance 15,344 6,454
Donations 12,118 5,411
Presbytery cost contribution 4,800 4,225
Books & stationery 672 601
66,957 45,844
Support costs
Governance costs
Independent examination 570 630
Total resources expended 67,527 46,474
Net income 100,427 118,333
**----- End of picture text -----**
This page does not form part of the statutory financial statements Page 10