Gorbals Parish Church of Scotland, Glasgow

Transcription

1 The Church of Scotland Gorbals Parish Church of Scotland, Glasgow Congregational Accounts For the year ended 31 December Congregation No: Charity No: SC002214

2 Reference and Administrative Information Charity Name: Charity Registration Number: Gorbals Parish Church of Scotland, Glasgow SC Congregation Reference No: Contact Address: 1 Errol Gardens Glasgow G5 0RA Trustees: Principal Office-bearers Minister: Session Clerk: Church Treasurer: Independent Examiner: Bankers: Bank of Scotland Glasgow Laurieston Branch PO Box 1000 BX2 1LB - 2 -

3 Gorbals Parish Church of Scotland, Glasgow SC Structure, Governance and Management Governing Document The Church is administered in accordance with the terms of the Deed of Constitution (Unitary Form). Recruitment and Appointment of Trustees Members of the Kirk Session are the charity trustees. The Kirk Session members are the elders of the church and are chosen from those members of the church who are considered to have the appropriate gifts and skills. The minister, who is a member of the Kirk Session, is elected by the congregation and inducted by Presbytery. Organisational Structure The Kirk Session, which meets six times a year, is responsible for all the work within the Church. Certain responsibilities are delegated to the Finance, Property and Contact Team Committees as appropriate. The Congregation moved to the Deed of Constitution (Unitary Form) on 15 April Objectives and Activities Summary The Church of Scotland is Trinitarian in doctrine, Reformed in tradition and Presbyterian in polity. It exists to glorify God and to work for the advancement of Christ s Kingdom throughout the world. As a national Church, it acknowledges a distinctive call and duty to bring the ordinances of religion to the people in every parish of Scotland through a territorial ministry. It co-operates with other Churches in various ecumenical bodies in Scotland and beyond. In Gorbals, services of worship have been held each Sunday morning throughout the year. As well as regular Bible Study, additional services and study events were held during Lent and Advent and over Christmas. Members of the congregation have participated in a number of events designed for Priority Area congregations in the course of the year. A new church building, dedicated on 4 December 2011, has continued to be the focus of developing work during the year and a church cafe runs daily Monday to Friday from 9.30am to 3.00pm to provide low cost but nutritious light lunches and refreshments to the local community. Achievements and Performance Summary Gorbals congregation works increasingly in partnership with others in the community. As well as Bridging the Gap and Givin' it Laldie, two now independent local charities (with boards currently chaired by the minister) given birth by the church and working intentionally with many vulnerable people, the Priority Area status of the congregation - which indicates that we serve one of the poorest five percent of parishes in Scotland - means that we have an additional staff post in the church itself. For the past five years this has been held by John Finch, who has done extensive work in enabling the church to relate to some of the most marginalised local people, as well as hosting events and training opportunities for, for example, people with physical and learning disabilities. John has now moved on to a new post in the wider work of Priority Areas, and we are currently seeking his successor. Thanks to John we have a thriving cafe with a full time manager, which also serves as a gallery for local artists

4 Gorbals Parish Church of Scotland, Glasgow SC has also seen imaginative work with the congregation's group of young people, and the average age of the worshipping congregation has continued to fall. The congregation is ably served by a committed Kirk Session, including a relatively new group of younger elders. It is hoped, in the year ahead to extend the opening hours of the cafe and further increase the use of the building. Financial Review The Charity generated a net deficit of ( 1,183) for the year to 31 December (2015: ( 772). Receipts have increased to 96,462 (2015: 89,889) and regular givings and donations have increased to 30,787 (2015: 25,941). Café income has again fallen to 33,695 (2015: 36,079) with premises use decreasing to 11,226 (2015: 17,088). Payments have also increased to 97,645 (2015: 90,661). During the year the remaining costs involved in the retention monies for the new church building were paid ( 15,674). Reserves Policy It is the Trustees policy to hold reserves of approximately three months unrestricted expenditure including designated funds. At the year end the Church held unrestricted cash funds of 25,647 which is slightly more than three months expenditure, of which 2,289 has been designated for Fabric purposes, 134 for the Adventurers Group, 115 for Gorbals Women s Group, 193 in the Benevolent Fund and 25,810 in the Bequest Fund (after transfer to the Church Café). There is a deficit balance in the General Fund of - 2,894 due to transfer to Children s Ministry Fund. The church also held 1,913 in Restricted (2015: 1,913) Statement of Trustees' Responsibilities The members of the Kirk Session must prepare financial statements which give sufficient detail to enable an appreciation of the transactions of the Church during the financial year. The members of the Kirk Session are responsible for keeping proper accounting records which, on request, must reflect the financial position of the Church at that time. This must be done to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 and the Regulations Anent Congregational Finance approved by the General Assembly of the Church of Scotland in They are also responsible for safeguarding the assets of the Church and must take reasonable steps for the prevention and/or detection of fraud and other irregularities. Approved by the Trustees and signed on their behalf

5 Gorbals Parish Church of Scotland, Glasgow SC Independent Examiner s Report to the Trustees of Gorbals Parish Church I report on the accounts of the charity for the year ended 31 December which are set out on Pages 1 to 12. 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 The charity trustees consider that the audit requirement of Regulation 10(1) (d) 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 independent examiner s statement My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 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 seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent examiner s statement In the course of my examination, no matter has come to my attention [other than disclosed below*] 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 comply with Regulation 9 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. Name: Address: - 5 -

6 RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31st DECEMBER RECEIPTS Unrestricted Restricted Endowment 2015 Note Donations 3 30, ,787 25,941 Legacies Activities for Generating Bank & Deposit Interest Investment Income Use of Premises 11, ,226 17,088 Weddings & Funerals 1, ,220 - Income from Cafe 33, ,695 36,079 Drawn down from General Trustees 18, ,096 4,538 Sale of War Stock ,545 Other Receipts ,283 Receipts 95, ,462 89,889 PAYMENTS Costs of generating funds Charitable activities 4 97, ,551 88,025 Governance costs Purchase of investments ,542 Payments 97, ,645 90,661 Excess of Receipts over Payments for the year before Transfers -1, , Transfers Excess of Receipts over Payments for the year after Transfers -1, ,

7 STATEMENT OF BALANCES AT 31st DECEMBER Note Unrestricted Restricted Endowment 2015 BANK & DEPOSIT BALANCES Bank & Deposit balances brought forward 26,850 1,893-28,743 29,515 MOVEMENT IN YEAR Excess of Payments over Receipts for the year -1, , Bank & Deposit balances carried forward 2 25,647 1, ,560 28,743 INVESTMENTS at market value 7 11,590-8,403 19,993 18,268 OTHER ASSETS Gift Aid Receivable LIABILITIES Accrued charges

8 Notes forming part of the Accounts for the year ending 31 December 1. BASIS OF ACCOUNTING These accounts have been prepared on the Receipts & Payments basis in accordance with the Charities & Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Regulations anent Congregational Finance approved by the General Assembly of the Church of Scotland in. 2. MOVEMENT IN FUNDS Unrestricted Balance at Receipts Payments Transfers Balance at 01-Jan Dec-16 General Fund -2,950 62,036-56,480-5,500-2,894 Designated Fabric Fund 1 2, ,289 Designated Adventurers Fund Designated Gorbals Women s Group Designated Benevolent Fund Designated Bequest Fund 31, ,490 25,810 Church Café -4,163 33,695-35,022 5,490 0 Children s Ministry ,500 5, ,850 95,976-97, ,647 Restricted Samuel Ferguson Revenue Fund 1, ,169 Flower Fund Allan Frazer Bible Fund , ,913 Endowment (See Page 11) ,743 96,462-97, ,

9 Notes forming part of the Accounts for the year ending 31 December PURPOSE OF FUNDS UNRESTRICTED FUNDS General Fund The unrestricted free reserves of the Charity. Designated Fabric Fund 1 Designated Fabric Fund 2 The Trustees have set aside funds for the maintenance of the Church property The Trustees have set aside funds for the maintenance of the Church property Designated Adventurers Fund The Trustees have set aside funds for the use of the Adventurers. Designated Gorbals Women s Group The Trustees have set aside funds for the use of the Group Designated Benevolent Fund: This is a fund for the Minister to disburse as appropriate. Designated Bequest Fund Church Cafe Children s Ministry: Designated Bequest Fund - The Trustees have set aside funds for the new building and to financially support the development of the Cafe. Accumulated funds (currently in deficit) relating to the operation of the Cafe. A fund to track income and expenditure relating to Children s Ministry RESTRICTED FUNDS Samuel Ferguson Revenue Fund: Flower Fund: Allan Frazer Bible Fund Revenue from the Endowment Fund to fund painting and organ maintenance. This is a fund to provide flowers for display during services of worship. This is a fund to provide pew bibles ENDOWMENT FUNDS Samuel Ferguson Bequest: Income to be used for painting and organ maintenance. Jane Ferguson Bequest Fairley/Daley Bequest Income from these funds to be used for general purposes. Park/McCrone/Anon Margaret Barr Bequest - 9 -

10 Notes forming part of the Accounts for the year ending 31 December Unrestricted Restricted Endowment ANALYSIS OF DONATIONS WFO Scheme 5,155 5,155 4,780 Gift Aid Donations 13,691 13,691 12,238 Tax recovered on Gift Aid Donations 4,013 4,013 4,380 Ordinary Offerings (Open Plate) 6,219 6,219 3,483 Donations 1, ,709 1,060 30, ,787 25, ANALYSIS OF PAYMENTS Unrestricted Restricted Endowment 2015 Costs of Generating Offering Envelopes Charitable Activities Ministries and Mission 12, ,914 15,310 Presbytery Dues Minister s Travel ,422 Minister s Phone Council Tax 1, ,661 1,139 Pulpit Supply Heating & Lighting 5, ,942 5,817 Insurance 1, ,668 1,797 Other Staffing Costs 11, ,482 10,660 Church Telephone 1, , Printing/Stationery/Postage Fabric repairs/maintenance Church 4, ,188 7,640 Fabric costs Manse 1, ,258 5,502 New Church Building (retention) 15, ,674 0 Cafe Costs 35, ,022 33,589 Church Equipment 1, ,055 0 Other expenses 3, ,632 3,163 97, ,551 88,025 Governance Costs Independent Examiner s Fee TOTAL 97, ,645 88,

11 Notes forming part of the Accounts for the year ending 31 December 5. TRUSTEE REMUNERATION AND RELATED PARTY TRANSACTIONS Paid from the General Fund of the Church during for one Trustee, the, was the sum of 2,621 (for Manse Council Tax 1,661 and Travel Expenses 960). No trustee or a person related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year. 6. MINISTER S STIPEND All Church of Scotland congregations contribute to the National Stipend Fund which bears the costs of all ministers' stipends and employer's contributions for national insurance, pension and housing and loan fund. Ministers' stipends are paid in accordance with the national stipend scale, which is related to years of service. For the year under review the minimum stipend was 26,380 and the maximum stipend (in the fifth and subsequent years of service) 32, INVESTMENTS The following Investments are held at market value C of S Investors Trust Growth Fund 19,993 18,268 Cost 14,848 14,848 Held in Respect of Unrestricted Market Value at 1st Jan Purchases Disposals Gain/ (loss) on Revaluation Market Value at 31st Dec Designated Fabric Fund 2 10, ,000 11,590 Endowment Samuel Ferguson Bequest 2, ,332 Jane Ferguson Bequest Fairley Daly Bequest Park/McCrone/Anon 3, ,900 Margaret Barr Bequest 1, ,261 7, ,403 18, ,725 19,

12 Notes forming part of the Accounts for the year ending 31 December 8. COLLECTIONS FOR THIRD PARTIES In addition to the General Income the following income from Special Collections was distributed during the year Poppy Scotland 88 0 Christian Aid Leprosy Mission Unicef Church of Scotland HIV Project (Souper Sunday) Erskine CHAS (Children s Hospice) 15 0 Lodging House Mission ,434 1,

13 APPENDIX TEMPORARY ACCOUNT Credit Balance at 31 December 25,793 27,614 The Temporary Account holds monies relating to the sale of old manse and purchase of new manse. The Hutchesontown Fund is held by the Church of Scotland General Trustees for mission work within the parish of Gorbals. Sums, for specific projects, are released at the request of the Kirk Session in consultation with the Presbytery of Glasgow and the General Trustees. The Capital Account balance at 31/12/16 is 35,412 The Revenue Account balance at 31/12/16 is 1,304. Temporary Account balance at 31/12/16 is 63,

14 APPENDIX 2 BANK BALANCES Church of Scotland Deposit Fund (2) at 31st December , Bank of Scotland Current Account at 31st December , NS&I at 31st December , Lloyds TSB at 31st December Cash in hand at 31st December 2015 (Adventurers) 0.93 Cash in hand at 31st December 2015 (Café) , Add Outstanding Lodgements 0 Deduct Cheque and payment outstanding 1, Closing Balance as at 31st December , Church of Scotland Deposit Fund (2)at 31st December 14, Bank of Scotland Current Account at 31st December 12, NS&I at 31st December 1, Lloyds TSB at 31st December Cash in hand at 31st December (Adventurers) 0.93 Cash in hand at 31st December (Café) , Add Outstanding Lodgements 0.00 Deduct Cheques outstanding 1, Closing Balance as at 31st December 27,

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