ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Ch•rlty Roglstr•tlon No. SC049796 {Scotl•ndl SOUTHSIDE CHURCH (SCIO) LEGAL AND ADMINISTRATIVE INFORMATION Trustoes Charlty numb•r (Scotlindl SC049795 Prlndpal addrH• Independ•nt •x•mln•r Bank•r• 8•nk Ot Scoiwnd 123 High Street Ayr 47 1QP SOUTHSIDE CHURCH (SCIO) CONTENTS Pag• Truste88' report Independgnt &X8minefs reF Stalemont of finan¢i91 a￿￿1￿8$ Balarth shoet Notes to IM financb81 sl#lem•nts 7-17 SOUTHSIDE CHURCH (SCIO) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Tiuslees pr•sent their annual report and fin8rKI￿ 8tsiements for tho yeor ended 31 December 2024. The financial statements have been prepared in accordance wrth ihe acc4Junhng policies sel out in note 1 to the fin8ncial statements and CA￿pty wlh the Chanws constitution, the Charities and Trustetr Invèstmènt (Scotlandl Act 2005, th¢ Charities Accounts Iscotsandl Regulat￿n$ 2￿6 (as amended) and "A¢￿untIng and Reporting by Charit￿$." Statement ol Recommended Practice applicable to charities pieparing th¥ir a¢counts in accordanTr with th8 Financial Reporling Standard applicabb in the UK and Republ￿ of Ir•iand IFRS 1021" leffectNe 1 January 2019) ObJsetlv•8 and act5vltie The aim of ihe church. which bs affiliat8d to th8 Baptist Union of Sts*lond, rs to promote an act1￿ witnes3 to Ihtr Gospel of our Lord Jesus Chri$t. The ObjectNe of the church is to reach 11$ Ic¢al community and il seeks to do so by Illing rts Mission Staiemtnt.. To ffjach to all pawe. to wek¢m• inlo one famity and transform every generatson for Christ. The majof are98 of actiw'ty arè.. Seulhside Church- g thurd) govemlng its ¢7•m affairs accorthrwJ to Bapb$t prinuples. SouthsitJ& Communty Outreach - opwation of S￿th81dts Chanty SIKJp. food bank and local Communrty ministr¢e3. To give out of our regular incom& as donation$ lo indwmluals and orpnI￿lIOn8 thal are genor8lly known to the Trustee$ and Ihe church has b•en continued. The b￿efiCIaTIo3 are irhvolved in activibes or minist￿8 ¢omp8tibla vthh the thur¢h'8 objecli¥e8. A¢hl•v•m•nt• and p•rforni•nc? SlgnifKonl 8Ctivilies and achievements ag8insl obl8(Ilves Th• main achI￿aMentS during lh• per￿ included.. The P4$liy81 Vacancy Comffdttee continu•d throughout th* ￿ar to Beek out ond Identify a suitsble individual as Pastor culminating in Ihe 8ppoinln*nt ol David Clipslon lo the role tsn 1st November 2024, The re9uLqr cortr 8thvities of the ¢hurch were maintained through the year including Sunday worship service$, youth and ¢hildr•n's ministry, prayer meebngs and Connect groups. The Youth worker. a8$isi8d by volunlgers, ran a vtrry $uccossbJl programme of youlh 8¢¢lvitles thrC￿gh the year building up a ¢or& 9roup of 25 10 30 teenagers, The Communty Wther, 888iSted by Voknntews, worked to d•velop the churth's ￿mmunty outreach, induding.. The a￿tInUed Nnning of 8 charity sh41 by a small grthjp of dedicated volunteers. Funds r8ised by Ihe charity shop were used lo support local ¢￿mUnty wojeds arbj nalionol ar¥J international humanitarian appeals, The ongoing nJnnin9 of a foodbank hub in partnership wrth Soulh Ayrshirn Foodbank and the Trussell Trust. Partnership wrth the nabLThI tharity Christians Again8t Poverty (CAPI and the d&lNery ol largel•d support VAthin the local community and s¢hooL8. The Communty Worker, on behalf of the churth. s￿¢8$$(U1￿ applied for and was awaTdeACCOUNTANTS D•kn$ l• *tr*llryJ n•Th ofwlllarn I￿￿¢•n + Co. Lld SOUTHSIDE CHURCH (SCIO) BALANCE SHEEr ASAT 31 DECEAI8ER 2024 Flx•d ••••ts T8rvJlb18 a884ts 12 2,372 Curr•rt ••••ts Cth at bgnk pA¥J kn hw 142.120 196.317 149.211 14 (8m9) (8245) 187.288 140.ge6 1M29¢ 143,336 N•t ••••ts 188,294 143.338 Th• fwid• (lth• Chwlty 81.3n 72.1TI 34.744 Unroeirtc*d fvTrJ•. 49,185 13,641 188294 14133J Thfy fiiTrc4rrl,!I ftttpnp.ntr.-fft" SOUTHSIDE CHURCH (SCIO NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 DECEMBER 2024 Accounting polici Charity inf0mla￿On Soulhside Churcl) ISflOI is a Scot1￿ CPorit8ble Inwralgd Organisaticm. The prin(?ple address is Churth 1.1 Acwunllng conventlon The financial stalenwnls have been propered In accordar￿e wlh tr* Charty's constlluiion, Ihe CIFrllies and Truslee Investment Iscoiiandl Act 20CO. Ihe Chawlies Accounis IScLJllandl Regulations 20C6 las Jmend¢dJ, FIIS 102 'The Finaroal Reporting StandEJrd 8ppIic8ble In the UK and Republic ol Irdarxl. I'FRS 102.1 and Ihe ChBntie6 SORP 'Ac¢ounting and R•kM)rtin9 by Chari*e$.. Statem•nt of Recornmandod Prac*'c8 applirablè lo ch¥ritiè$ prnpgring their acAJunt8 in accordance wth the Finanaal RepOrt￿a Standard applicable in the UK and Rewblc of Ireland {FRS 1021" (gffectF4e 1 January 2019). The Chanty 1$ a Put4t Benefit Entity 88 define¢J by FRS 102. The Ch￿ty has iaktn advanlag8 of the prtyib51cTh In tm SORP ts char*le5 not ID prgparg a 8l&tement of Cash F￿$. The financlal st8tenEnts are pr•pared In sterling, wh￿h the uxrency of the ch￿ty. Mongt amoLnls in the8e fin•rKial ststements thre rounded lo thè noafOSt £. Tlr financial $taterMnts havo baeTh yepgr•d undgr tho hi6tc¥ie41 cosl wi¥•nb"on Th¥ prindpal actDuntina polieAè8 adopltd 810 s•1 out t•lcw. 1.2 Gglng con¢•rn At lh* lime of #pwoving th• fin•ncial *8t•m•rth. Tn1$￿e* hav• a reasonabl• expectstir￿ that the Charity hgs adequatè resourr*s to continue In operaional existence kn the for¢e¢tsable fvtur*. Thui the Tr￿t0•S ccMlinue lo adopl the goirwj concern basis of 8￿QU￿￿n@ in prepanng the fina￿1￿ ststements. 1.3 Ch•ritablo fund8 unres1r￿ted fvn¢s are awoilable for u86 al the disuetiin of th• Trustees In fvrtherance ol their ch8ntab18 objedives. D8$ignaled funds a)Thyrise fv￿ls been set 8s*Jti al ihe discrelioTr ol the Trustees kn SFeafic purpo8e8. The purpo8e$ 8nd use8 of the de￿￿nated fund8 are set rArt in ts not¥8 to the 8lat•rnents. Restricted lund8 ar• subjecl to Spèaf￿ condi1￿$ ty ¢ofhDrs or grantyrs as to how they may be used. Thè purposes and u883 of the restn.dea funds ale out In to the finartial ¥tateM￿t?. 1A In¢tyn• I￿oMe 1$ recognised w￿n the Chairty is legalty entitled to tt after any pWI￿an(g tondition? have been I, the amounts can be measure¢ reliably. aThd il is prcoable that income will be rgceived. Cash ¢Jonation$ are Tecwised on ￿elp1. 01t￿ dwlioni are r¢cogr¥sed Ch¥ity has been notthèd of dDvation, unles8 ￿rro￿anCe conditions requiro deferr21 of the ar￿Ufit. Incomè lax reccvèr8ble in ro￿￿On to donattins r￿￿￿ed und•r Gift Aid Of deeds ofw4enanl 1$ recognthd at the time ol the donats"on. LegaeAes are fecogrnisod on roceipt u otheN4ise rf the Charity has been notffied ol an impending distributi?n. th8 armunt is kfi(￿n. receipt i5 exkEded. If the 8mounl is not known. the legacy 1$ trealed a$ 8 contingent asset. SOUTHSIDE CHURCH (SCIO) NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Ac¢ounllng pollcl•s {Continu?dl 1.5 Exp•nditure Expenditure is recognised once the￿ 15 a ￿981 tx o)nstrudive Ob1vJath￿ lo tr8nsler e￿nOMiC benefit lo a third party. rt is probabk that a transfef of ecorKNni¢ benefits wll be required in settlement. and the amount ol the Obligat￿ can be me•$wed r•liabty. 1.6 Tangible fix•d assets T•ngibl& fixed assets ¥r• initialty measured •t o)st and 8ubBequenlty mgasured at co¥t of valuallon, net ol depreciation and any impairm8nl losses. Dèpr8aatlThl 18 r•wnised so as to write off the cost OT valuèlion of a￿•ts ￿88 thoir resh4ual val*Jes over their useful lives on the folkn￿'ng bases. Office Equipment 25% 8tr8ighl ling Thg gain or1088 8ri$lng on the disposal of an osset is detennined 88 the dlfference th• sale proceod$ and tha carrying value of the asset. and is recogni80d in the statemèrtt of financial athviti&s. 1.7 Imylrni•nt of Ilx•d *•••ts At each reporting end dat&, the Charity r¥vivéi8 the ¢•ryir4J amounts ol its taThJiblo as$•ts lo delermlne whelhar Ihere is any indicaDon thai those assets have suffered An imp8imwnt 1088. If any such indralion exis1$, the fecoverable amount of the a6set 1$ ￿timated in order to determine the e¥tent ol the impaimenl loss {rf gnyl. 1.8 Ca•h •nd c••h •qulv•l•nt• Cash and cash equi¥al•nts indud¢ cash In hand. deposits hèld at rall wth bonk8, Oth•r short-term Ilquld Investments with Niginal m8turiti•s of thr•• months or less. and ￿nk overdrafts. Bank ov¥rdr8ft8 are Bhown within borrowings in ¢urrent llabilrti￿. 1.9 Fln•nclal In•trum•nts The Charity has ele¢ted lo epply Ihe provisK)ns of Section 11 '8asic Financi81 In$twmont8' and Section 12 'Olhei Financ¢al Instruments Issues, of FRS 102 to 811 of sts finon¢aal instrvmènts. Finanaal instruments are recJ)gnised in the ChariV$ bglanca shoet whon tho Chorty becom¢$ party to Iha nlraciual provisions ol the instrument. Fin8nd81 assets and liabilith•S afe offaet, with the net 8mount8 w¢8fjnted in thè finanri•l statements, when Ihere 1$ a legally enIor￿abkn nght to $8t off the rgcognised amotsnts #nd there its •n intention lo settle on g net basi3 or lo realise the a3S&t and seltlè the liabilty Sinullane(￿sIy. Basic financial •s¥•ts Basic finanoal assets, vthich indud& debtors and cash ¥NI bank balances. afo initially measured transaction pri¢¢ induding transaction costs and are subsequentty carried at amortised cost using the effective inleresl methc¥J unk$$ the arrangemeni ￿nsI11￿leS a financing transaction, where the transaction is rneasured al the presenl value of luture rewpts discountsd at a mark•t rate of interest. Fv)oncial asstrl$ cla$$ified a5 r￿l¥able wilhin one year we rKJl aM0￿"s&J. SOUTHSIDE CHURCH {SCIO) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ountlng po15cle¥ Icontinutrdl 8451¢ linanelal li•biliti•¥ Basic financial liabilities. including ¢￿￿tIoTS and bank loan5 affj initialty rec()gnised at Iransadion price unle8S Ihe arrangement conslit(rtes a finanung transaction. where the debt Instrurnenl is measured at the present value ol thè luture payments disCOUnt8d at a market ra￿ of iftl•r•sl. Financ4al l1aly1rt￿ dassified as payable within yèar are not amortised. Debt in8twmonts ore subsequenuy ¢wri•d al arThJrbsed cost. using thè effeLtv4e inte￿t r8t• method. Trode creditors are obligations to pay for goc4ls or 8er¥ices Ihat been acquired in th• Ordin￿ course ol opeiations from suppliers. Amounts p8yabl• afe dassified a8 wffent liabilrties il payment is due within one year or less. 11 not, they are Pfesentet1 as non-current l￿bilitIes. Trade cfedilof$ are re￿nised initially at transaction price and subsequently m8asured at amtsrti￿ cost u%ng the eff¢th￿ intefesl meth¢xl. D•rneognltlon of Iln•nelal Il•bllltl•8 Financial liabitst￿9 are dere￿niSed when the Charity's corrtractual oblw8tion8 expire or gf8 distharged or ncelled. 1.10 Em￿0Y￿ hn•fits The cost ol any unused hol￿￿ ￿nt￿ement 18 recogni8ed in the pgriod th8 ernpioy¢•'$ sg¢vices are r•c•Ned. Tomingtion ￿nefits are fecognI￿ imm¢dbgtdy 88 an oxpwse when Chanty is tJ•mon8trabty commltt•d lo t•nnin8te tho •mploymenl of an empbyw or to provid• temiinab'on t•neffts. 1.11 Rotlr•m•nt ben•fft• Payments to d•flned ￿ntrIbUll0n retir•m•nt bgn•ffi sethemes •r• charyed a$ an expen￿ #i they fall du•. 1.12 Volunts•rn and charbty •hap The charity b¢n8fits from the work of volunteern, part¢¢ularly In relatbon to chartty shop. No values for this artr induded in the accounts. Goods donaled for sale in th• tharty shop are not valued or Induded in the 8ccounts. Crftlcal •¢counting Mtlm•ts• and ludg•m•nl• In the application of the Chorbty's wxounting Oici08. the Trustees are requirnd to make jydgements. e8limates and assumpt￿￿n$ about Ihe carrying amount of asset5 and liabililw that a￿ not readily apparent from other sources. The èstimates and a&8ocsated assumpts)ns are based on historical experience and other factors Ihat 8r• Cons￿•r8d to be rebev8nt AUual resufts may drfler from these •stimates. The &stimate8 8nd undetyM)g assumpth.ons are rovith¥ed on an onw'ng basis. R•visions to accounting estimates are rècognised in the period in whith the esbmate is revised where the revision 8ffgCts C￿lY that period, or in the per￿ of the revision and frrtuie periods where the revision affeds both currènt and future periods. *rQOO mfDLYOf ryov> ij t• v vj 4X• o * ryj r I x SOUTHSIDE CHURCH (SCIO) NOTES TO THE FINANCIAL STATEMENTS IcoKfiNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 In¢om• from oth•r trndlng actlvltles Unrestricted Unre•tricted funds fund¥ designated d••lgnat•d 2024 2023 Shop income 22,610 18,$65 Exp•ndltur• on charltabl• *¢tlvltl chartlabl• actl¥itl•• 2024 ehartlabl• •ctbvltl•• 2023 Dlr•et co•t• Staff costs T￿eline expènses Baptist Union conlribulion$ Youth work and children's minisiry Conference and training Christmas appeal Speakers, literature and Ajpha experws Other mlni8tr1•8 55,827 12,075 3.173 1,427 83,741 4,816 4.915 5,771 540 1.302 2,962 380 1,535 2.850 47 78,934 104,427 Grant luntjing of aclivilw I￿ Trjte 6) 9,570 25.869 Shar• of Support •nd govem•nce ¢o•t• {M• noto 71 Support Govemanc4 33.404 42,081 1,650 121.908 174,027 Analy*l• by lund Unrestricted fund$- ge￿ra1 Unrestricted lunds- dew9nated Restr￿￿￿ funds 80,150 39,008 2.750 139,883 34.364 121,908 174,027 SOUTHSIDE CHURCH (SCIO) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Grants yyable chartlablg activities 2024 ¢hortiabl• ¢tiviti•$ 2023 Grants to institutions.. 2417 Prayer Donation A$ig Link Donation Baptist Mission¥ry Sowty Donation Br*8king Borders Broken Ch8in$ Donation Bulgaria Donatron Earthquake Disaster Fotsdb8nk Inl¢mational JuBtico Mi$$w Donation RNerside The Evangeli¢al ￿lianCe Oonotion The Tumin9 Oonation T•8rfund Oonatsons lo Indivithjals Other 629 200 500 2.400 4.800 200 800 1.200 100 1,2TrJ 240 100 1.200 1.550 9,570 25,869 Support •llK•ted to aetlwrti 2024 2023 Dewe(ialion Accommodalion and catering Offi¢¢ and administraknoft Costs Repairs, equipment and maintenan Account8ncy lees Goveman¢e costs 19,7C6 6.668 24.700 9,276 895 2.000 1,650 3S,404 43.731 Anaty••d betwn: ¢hart￿ble a¢tNrties 43,731 2024 2023 Go¥•m•n¢o c¢)sts compri•¢: Independent 8xaminaiion f¢• 2.000 1,650 2.000 1.650 12- SOUTHSIDE CHURCH (SCIO) NOTES TO THE FINANCIAL STATEMEKfs {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Net movem•nt in fund• 2024 2023 Thg nel m¢)vemert in funds is slaled after chargty(credilingi: Depr￿￿10Th ol own&a tsngibie fixed assets 1.366 Tru•t088 Th& following Iru5tees received salaries for their rdes as empwees of the rathw thon lor Ihelr roi6 48 Twslees during ￿ ￿l￿d.. Salary paid to conlribulion5 01 rF84 S8L4ry paid I o)nlribulKJns oi inli wer• rnade lo enl of £18.943 {2023 - £21,134), pènsion 12023. É6R41 kmEnt as Pastor of £5,SC#) 12023 - £niTr. penswn 12023. Énill Twsl¢e$ alao recep1￿ reimbursemènt ol our of p￿k81 ex￿8¥5 lo￿lI1￿j £nll (2023- £nlO. &3gregole vaue of uncondit￿nal donations m•de ty Truste•$ was £24.866 R023 . £19.519) 10 ErnployM• avera￿ n)orrthly number of emptyeè8 dunng Ihe yearwas.. 2024 Numb•r 2023 Numb•r Pa8loro1 staff Admini*ratNe aTrJ gJpp)rt Total Em￿oyM•nt ¢08ts 2024 2023 ègè8 and salanes Swal secunty costs Other pension costs S3,926 82,352 706 55,827 83.741 There were no emptoyees whose annual remunerBtlon wa$ mre than £fy).000. 11 Taxatl The charrty Is exempt from taxa1￿ on its adivitie$ becwse all its wKom¢ is OP￿1•d for chantablo purp068$. 13- SOUTHSIDE CHURCH (SCIO) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 T•nglbl• flxed as88ts Offlc• Eqylprn•h¢ C￿l At 1 January 2024 5,483 At 31 De¢wnber 2024 5.463 precl•tlM and Impalrni•Tht Al 1 January 2024 Dgprecialion tharged in Ihe year 3,091 Al 31 December 2024 4,457 C•rylng •mount Al 31 Decembtrr 2024 1.008 Al 31 09￿mber 2023 2,372 13 ￿btor4 2024 2023 Amounts falllng due wlthln £in• y••r: Pr•paym?nts and accrued incom• 6.483 7,091 14 Cr•dltor•: *mounts f*lllnq du• wlthln t)n• y•*r 2024 2023 Other taxation and sori818•curty Trade cr¢ditors Accru81s gnd deferred intr)m• 1.389 4,358 2,500 2,928 3,881 8,029 8,245 15 R•tlr¢m•nt b•n•fft •ch•me¥ 2024 2023 Oefln•d contrlbutlon $c￿M Charge to profft or in respect of d8fined Contrthil￿ schemes The Chanty operales a defined Contrib￿1￿ p￿slon stheme for all qualfying ernployees. The assets of th8 scheme ¥rè hald separalgty from those ot the Charty in 8n independenlty administered fund. 14- SOUTHSIDE CHURCH (SCIO) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Restrlctsd funds The re$lrid¢d lunds ol the tharity wnprise the unexpended balance$ ol th)nations al￿ grants hold on trust subject to specifK ¢0ndrt￿nS by donors as to how tlw may be used. At 1 J¥nuary 2024 Incoming r••ourco• Resour￿¥ eJtp•nd Trnn•fern At31 D•e•mb•r 2024 Mission Mani Pastor Salary Fund Mary Brown Trust 1,679 78.853 11,6791 270 12.7501 76,373 5,000 5270 (2.750} 11,6791 81,373 Pr•vl<)u• ymr: At 1 J•nu•ry In¢Milng RMour¢ 2023 r••wrrn• •xwnd•d Tr•n•l•r• At31 D•cornb•r 2023 8uilding Mission Mania P081or S¥l8ry Fund 78,419 1.679 178,8531 1.679 78,853 78,853 80,532 The BuildirvJ lund represents money rah8ed for a new chufth ￿lIding. The ¢hurch board had an agmment from the m8in donors to transfer this lund irfo 8 new Pastor SaLary Fund at the end 012023. The Mission Mania fvnd is used for summer outrèach ministn'•s for children, the balonce w88 tronstsrred lo ￿n￿striCted during the year io ￿er costs already incurred. The Pastor Salary Fund rePre￿ntS mtsney lo be used for the to engage a fijlktime pa3tor lo lead and dev¢liip the futu￿ ministry of the church. The Mary Brown Trust lund repre￿nIS a £S,CW grant 8ward kn tho Church to be for community programme devdopment during 2025. 17 Unro•trlct•d tund• The unr8stri(*ed fvjnds of thtr tsknrity wnprise the un¥xpended b¥lances of donations and grants whi¢h are nol subjecl lo speGific condibons by donors and grantors as to how they may bè used. These indude d￿ignated funds whith hav¢ Lwn set out ol unrestricted lunds by the trustees fot spaafic ptJrp088S. At31 D•eèmber 2024 At 1 January 2024 Incomin9 rnsource¥ Resour¢•# •xpend•d Trnn•f•r8 Gerwl ftmds 49,165 101,483 (80.150) 1,679 72,177 15- SOUTHSIDE CHURCH (SCIO) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 17 UnreStrf¢t￿ funds (cont1n￿dI Pr•viou$ year: At 1 January 2023 Incoming ource• R•soure•s expend*d Trnn8fern At31 D•cember 2023 General fvnds 81,265 107.563 1139,6631 49.165 18 Unrn•trl¢t•d fund•- d••ignatsd These are unrestricled funds which arg material to Charity's actlvrt1￿. Al 1 January Incomlng 2024 r•￿Ur¢ Resource• expndgd At31 l>•c•mber 2024 Charity Shop Fund ChriBtma8 App•al Tideline Fund Designat¥d Oonab. 12.317 22.610 1,750 10,751 25,(M)O {11,4￿) (1.5351 112.0751 (13,SY)21 23.431 215 1,324 11,098 13,641 80,111 139.0081 34,744 Pre¥lou$ y••r: At 1 J•nuary IneomlDg Re¥ource• 2023 r•8our¢tt •xpended At31 D•cember 2023 Charity Shop Fund Mission Fund Christmas Appeal Asia Link Tideline Fund 7.370 14,0 474 18.565 (13.6181 {14.0001 11.3011 16291 (4.816) 12,317 827 6,140 1,324 22.473 25,532 134,3641 13,841 The Charrty Shop Fund represents irthme and expenditure relating to the charity shop. The Mission Fund was setup by the Charity Trustees and £14k of donati(M)s expendrtur* was incurred tjuring 2023 for mission work. The Christmas Appeal is made up of donations to b& used to sUp[￿rt indNidu81$ and families in n•ed within our local communrty over the Christmas peri¢)J. Asia Link is made up of donations to support thi$ Christian charity 7*Alh Iheir work in Assa lo re*h people who have never heard the Gtsspel. T￿ell￿& fund represents Inc4Jme 7knJ expenditure relates to a regi￿01 inter￿Ul￿ WOTship, teaching and ministry event. The Designateil Donation fvrKI wa$ an exwtyon•l donalions recei¥gJ in the year whith hos been designated for staff and other running ￿Sts. 16- SOUTHSIDE CHURCH (SCIO) NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Analysls of net assets bet*wn fund unr98tAct￿ Unrostrlctod fund8 fund$ general de•ign•ted 2024 2024 RKtricted fun Total 2024 2024 At 31 December 2024.. Tangible assets CLxrenl asselsl{l*billie$l 71,171 34,744 81,373 187,288 72,177 34.744 81,373 188,294 Unrn•trl¢t•d Unre•trictsd R￿trIcted lund8 fund• fund• g•n•r•l d•slgn•ted 2023 2023 Totsl 2023 2023 At 31 Decwnber 2023: Tangible assels Current as581sllliabi&lies) 2,372 46.793 2,372 140,986 13.641 80.532 49,165 13,841 80,532 143,338 20 R•l•*d party tr8n•ll¢tlon• DurirvJ the year the Charity entered into the lollowig tr3nsacttons with rel#ed path'e$'. wlfe of Trusl as employed by tho charlty and rotslv•d IL 123- t8,9731, no pcn31011 th1ilrfil)IiliC li" wore mad• by th• ehority12023- £nill nd his wife r12023- £4. ChriBti$•n ForeBtry C￿sUIting lown&l by TfL*tee £3,800 br bookkeeping $8ryices supplied to th* ¢hor eye 17_