Scoiiish Churily No. SC049285 The John Paton Foundation Trustees, Report and Financial Statements For the year ended 31 Augusi 2024 |+P Innes & Partners Chartered Certlfied Accountbnis
The John Paton Foundation Contents of the Financial Statementsfoi. Ihe year ended 31 Aiigu.Fl 2024 Page Report of tl)e Trustees Report of the Independent Examiner Receipts and Payments Accouiit StateTnent ofBalances Notes to the Financial Sialeinents
The John Paton Foundation Report of the 'fru8tees]oi' Ihe year ended 31 A iigLisI 2024 Tlie Trustces are pl¢ased to present their report together with the financial slateineiils uftlie Foundalion foi. the ycar ciidcd 31 August 2024. Reference and administrAlive details Principal and registered addres5 Si Silas Church OffiLe 69 Park Road CJlasgow G4 9JE Structurt, governance and management Goveriiiiix doL'iimeiil The Jolin Paton Foundatioii is a Scottish Charity {No. SC049285}. The Foiindation was regiistered as a Scottish Cl)ariiabl¢ Ii)LOtyoi'ated Orgaiiisalion (SLIO) witli Ihc Scoiiisl) Chai'ity KegLilatoi' on 9 May 2019. Aiiftis ftiid aJfiliulioii.f Tlie Coiiviction of the Fouiidiiig Ti'ustccs of The John Paton Fouiidation is that God is building His Kingdom in the world ioday tlirough the faithful, prayerful scattering of the ivord of God, as laiight by Jesiis iii his parablc of the sower (Mark 4..1-20). Jc5us Ilierefore cominandcd his followers, "The harvest is plcntiful but the workers atE few. Ask the Lord of the harvest, thereforc. to scnd out workers into his hai'V¢St ficld." (Matthew 9..37-38). In Glasgow, and across the west of Scotland, there is a grcat need for a freth explosion of Biblically fdithful, prayerlully dependent, missional, Chrisl-centred ministry. Fliil the 81grk reality is that one of the barriers to meeting ihat iieed is a lack of available financial support, to train LIP and 5UPPOrt gospel workers, to resource cliurch workers, and to pump-prime church planting initiativ¢s. To this cxlent the aim of thc John Paton Foundation, woA<inb' primarily alongside St Silag church. is to fund and SUPPOrt tliose training for ministry. working in ministry, and plgnting churches, for the salvation of many? to the glury of Ihe iiame of Jesus Cl)rist. Trustees Management of the Foundation remains witl) the Trustces. The Triiste¢s who served duriiig the year a as set out below.. (Chair) (appointed 8 May 2024) (Trca5Ur) (tci'm ¢Xp]r 8 May 2024) (term expired 8 May 2024) (Administrator) ObjoetiTrcs and aetivities Objeclives ciii(l The Foundation's objectives aiid aims are to fiirtlier Ilie advai)c¢m¢nt of the Cliristiaii religion in Scotland and tlie IVOTld, founded on ils Basis of Faith as set out in paragrapl) 7 of ils Constitlltioii. These incliide.. awarding grants or biirsaries tu studenis, workers, volui)teeis, ni iiiisliy traiiiccs aiid leadei's iii ti'aii1ill wlio are undertakiiig training througli churches. insiitutions or colleges engag in traii)ing students for Cliristian work or In inislry. nwarding graT)ts or biirsarie5 to tlii)se engaged iii Bible t¢a¢hing Imiiiistry or theological ediication IliroughoLlt the world ai)d to tl)ose engaged iii ti'aiiiing oili¢rs to iiiiderlake Bible teacliiiig or Il)¢0108ical ¢ducation; Pag¢ I
The John Paton Foundation Repnrt of the Trusteesfor ihe yeui. vndecl 31 A iigii.fi 2024 Objec'lives aiid ciinis (coHliiiiied) awarding grants to support institutions, colleges oi. ehurch¢s ¢ngaged in training students or workers for Chrisliaii work or ministry; aiid ¢arryiiig out or supporting otlier charitable work or purpnses within tlie definitioii uf Lhariiable purposes or objectives under Charity Law iii%()far as SLicli work and purposes are iiot iilconsisteilt iviih tliose set out above. SiAiiiificiinl aLlivilie& Our main activitics in rclalion to these objectives are to receive donations iii svpw)rt of the Foundation's obj¢cliv¢% rcccivc applicalioll5 from fundiiig from y)Icntial bciieficiaries (who may be either individuals (x appropTiale ii)stitutions) aiid make a grant payment where the Trustees decide to approve any sucli application. The Fniiiidalioii also publishes a iiewslett¢r wliich Seeks to provide a regiilar Lipdale on how il is helpiiig lo further tlie objectives aiid aims sei out in it% Constilulion. Achievements and performance Diiring the y¢ar, the Foundation has approved: grant applications from St Silas, Church in Glasgow wliich helped fund the costs of employing a Youth Pa5toi' aiid Cross-cultural Worker in Training at tli¢ Church. and ali individual granl appliralion froni oli¢ Ministry Trainee wlio was entering hi5 sccoI)d year of traiiiing ai St Silas, Chlircli to ¢oiitribute towards liis Iraiiiiiig costs fur ih¥ 2024125 a¢¢id¢iniL year. Financial review Resul/sfor Élieyear The finaiicial statements for tlie year are set out in pages 4 to 6. The Receipts and Payments Account on page 4 reflects an increase iii funds of £6,456 (2023: decrease in funds £2,642). Tl)is gives ui)r¢%lri¢ted funds carried forward of £31,967 {2023: £25.51]). The lotal funds carried forward are £31,967 (2023: £25,511). Reserves It is tlie policy nf tlie FoLlI)dation lo maintain uni'estrictcd fund5 at a level th&t equates to approximately 3 months of uiirestricted eipenditlire. As shown on page 4, the level of uiirestricled reserves at 31 August 2024 anioiiiited 10 £31,967 (2023: £25,511) which is Above the required level. Approved by Ilie Triistees ott .ts. Aleeemkr 2024 rtiidsigned ilieip belialf by.. Page 2
The John Paton Foundation Report Df th¢ Independent Examiner to the Trusteesfor the year ended 31 Augusi 2024 I rcport on Ihc COuntS of thc Foundation for the year ended 31 August 2024 which are set out on pa8es 4 to 6. Respective responsibililies of trustee5 examiner The charity's Truqtees are responsible for the preparation of ilie accounts in accordance with the Icrm5 of the Charities and TrLlStee Investment (Seotland) Aci 2005 and the Charities Accoui)1s (Scotland) Regjuldlioiis 2006 (as amended). 'I'he charity .1 riistees consider that th¢ aiidit requirement of Regulation l O( l ) (d) ofihe Accounis Regulations does not apply. It is my responsibility lo cxam inc the accolinls as rcqiiired linder section 44(1) (c) of thc Act and to state whether particular matters have come to my atlenlion. Basis of independent examiner's statement My cxam iiiation is cari'ied out in accordance with Regulation I l ofihe Charities Accounts (Scotland) Reglllati0115 2006 (as amei)ded}. An exainination iiicliides a revicw of the accouiitiiig record5 k¢pl by ilie Cliarity aiid a comparison of the accounts presented with those records. 11 also in¢ludes Lonsiderdtion of any unusual items or disclosures th¢ a¢¢ounts. and seeks cxplanations Irom the trustees concerning such matters. The procedures undertakeii do not provide all the eviden¢e that would be required iii an audit, and coiisequeiiily I do not express ali audit opinion on th¢ vicw given by thc accounts. Independent Examlner's St4lement In the COLirse of my examination, no matter ha5 Cotne lo my attention whi¢h gives me reasonable cause to believe that in any material respect the requirements.. to k¢¢p accouiiting records in a¢eordance with Section 44(1) (a) of'the 2005 Act and Regulation 4 of the 2006 A¢¢ounts Regulations (as am¢nded), and tu ptYpar¥ aLLuuiIIs wliiLI) accord witli tli¢ ac£ounting records and comply with R¢gulation 9 of th¢ 2006 Accouiits Regulations (as amended) have not been met, or 2. to which, in my opinion. alt¢ntion should be drawn in order lo enable a proper understanding of the accounts to bL I'C<ichcd. Innes House 18 Shairps Business Park Houstouii Road Livingston Chartered Certified Accountants E1154 5fD Dale.. 5 I December 2024 Page.I |+P Innes & Partners Chartered Certilipd Accountants
The John Paton Foundation Receipts & Paymen15 A¢¢oun¢foi' Ih¢yLJal' elided 31 Aiigusi 202J 2024 2023 Notts General rund TDtAI funds Genergl Fund TotAI funds Receipts Donations Bank intercst received 18,134 67 18,134 67 20.791 68 20.791 68 Tot41 receipts 18.201 18201 20,859 20,859 Pgym¢nts Granls and donations Bank charges PIDfessional fees Indvp¢ndenl exaininalion Total payments 'et incre#se l (deerease) in cash for the year Cash bAIAnces brought forward Cash bfilances carried forward I 1,000 61 144 540 i 1,000 61 144 540 22,750 67 144 540 22,750 67 144 540 11.74$ 6,456 25,511 31,967 1.745 6,456 23,501 12,642) 23.501 12.642) 25,511 28.153 28,153 31.967 25.511 25,51 Page 4
The John Paton Foundation Slgtement of Balgnees as ai 31 Augu.112Q24 Notes 2024 2023 Opening b&lAnce Surplu$ ror yeAr Closing balance Opening b91anee IDefi¢lt) for yeAr Closing b#l4nee Bank accouni balanc¢ 25,511 6,456 6.4S6 31,967 28,153 12,6421 12,64?) Tut41 Lash b4laiiLe5 25,-$11 31.967 25,511 Rvpresènted by: Uttrestricted funds Getteral 31,967 25,51 25.511 31.967 Stalement ofcreditors 9131 August 2024 Professional ftts Independeni &xaminaiio 144 600 144 540 744 684 The financial 5taiemenis on pages 4 to 6 were approved by the Trustees on . ))ec¢tr 2024 and Signed on their behalf by Thc not¢s on pagc 6 fomi part of these financial statemehts. Page 5
The John Paton Foundation Notes to the Financial Statements for Ihc ycai. Lk7ded 31 Augu.$12024 l. Aecounting policies Aeeoiinliiig Loiivenli(J The financial statements have been prepared under the histi)ri¢al cosl convention, and in accordance with Ilie Cliarilies A¢¢ouiits (Scotlaiid) Regulalioiis 2006 (a5 ainci)dcd). Basis vffiiirtiiciul sliitenieiils Tlie financial slalcmei)Is have been pr¢pai'ed on a rec¢ipts and payinents basis. ReLeipts and payments account For the piirpose of the Receipts and Pajineiils account as 8hown on page 4, funds are defined as follows= Unrestricted fui)ds coiiiprise grai)Is and oihei. incL)In¢ received for the objects of the Foiindalion without furtlier specified puryose ai)d are available as genei'al fLlI)ds. Restric(ed fiinds compi'isc ii)come wliicli has be¢n I'eceived foi. the obj¢cts of the Foiindation ai)d specified for a r¢slri¢t¢d pui'pose withiii tl)ese objects by tli¢ donor. Page 6
The John Paton Foundation Notes lo the finanei81 stAtementsfoi' Ihe Jpeui. elided 3] Aiigu.912024 l. Aeeounting policie5 AcL'uMnliiig coiiveiilioii Th¢ financial statements have been prepared under the historical cost ¢onvention, and in Aceordancc with the Charilies Accounts Iseoiland) Kegjulalions 2006 (as amended}. Bu&i.s offiiiftiiLlrtl Siftiemeni Thc financial sialemenis have been prepared on a receipts and paJThents basis. Reeeipls Accouiif F(w ihe purpose ofihe Receipis and Paynents account as shown on page 4, ndS are defined as follows: UiyJ-e.511'icied ndS comprise grants and other income received for the objects of the Charity without further specified pui'FA)se and are available as general fvnds. 2. Transaetions with Truste¢s and reimburs¢ment of expenses No Tru51ees receivtd pa>Thenis' or reimbursemenl of personal expenses during the year ending 31 August 2024 (2023.. nil). 3. Related party tran5attions Thei'e were no transactioi)s with related parlies duriEhg the year ending 31 AuBU5t 2024 (2023: nil)- 4. Grants pald 2024 2023 Grdnts to individuals x 3 (2023.. 7) 1.000 11,000 26,750 26,750 5. UNrtstri¢ted funds Balance at 01.09.23 Bal*nee at 31.08.24 Receipts Payments General fund 25,511 25.511 18,201 18,201 (11,745) {11,745) 31,967 31.967 Total unrestritted ThdS E¥plfjiiuliov The Geneial FiiKd- encnmp28so8 all income and expenditure relating to the primary focus activities of the chAI'ity, otlier than those for whiLh fundinLJ is reslricted. Page 6