JOHN KERR'S I'RUST FOR ST GEI ORGE'S NORTH CHURCH, GRFENOCK (Charity No SCOV1423) Report of the Trustees and Receipts and Payincnls Account For the ycar ended 3 1st August 2024 HENDERSON & COMPANY 73 UriV)Ii S¢ixtt (￿l￿n￿Lk PA16 8BC, JOIIN KII'HR'S TRUST FOR ST GF.()RGb'S NORTII CIIURCII, C.IiLb:NnCK RF.P(IIII' ()1, I'IIL 'I'IIUb'l LLS b'Uli'I'lii.' I r'jilll I,,IlDL4 11 I. tskUC' UST 2024 Thi5 Lhill'iiablc'l lust was.%ct up by the late Mr John Kcff hy a'l n15t Deed dated X(h Nuv¢inTrK'I' 1963. 'lknc piiiyosc oftlie IrLl&I Is to spfLcid Ihc gos￿1 Df JLSiiS Chribl dnd Il)L'l rii%l Fuiid lias lo be held in'cvocably foi- bchtxII'ol'St (icoi'ge's Noi'ili Cl)urch, tiiceiiock, aiiil Il)e income paid io th¢ Ilirk £e%4iuii lu l)¢ iiiilised al ilie dI￿Ll.lI1UI7 vl IliL Sc%siDii Inr tl)C CaiTying oiil of Ilic pui-i)0st ot'thc tru.Q Mitliiii the pai'ochial ufwLsihitiJi CIILI¥LlI, wliich iiicllldes the fvriiiLJ SI GLOI'gc's Ni)Ith (:hurch and wiihin Ihc 7111 (ireeiiock (..a1npi￿ l)y ofthe ljoys, Brigailc or sucli oilier Cuinpai)y as Inay fruiii IiiiiL lii 1111lL a%%DcidlLd witli s&id Chiirch. The IruslLCS wlio ail BiiliilL(I 10 be appointed in Iti-tn% i)r ilie .1 i'u%1 Dccd includc the Capldin foi. Ilic timc bciiig ol. the 7th (ii-ceiiocli Coimpaiiy of ihc 14oys' Brigade. the IninislLI' for IIIL IITIIL, I)Liiig ()r8t Cjeoi'ge's Noiih Chiircli. Grceiii)ck RIid Ili¢ scssioii CIcTk for the liinc bL'ing ot St Geoi'gc's NoiTh Church, GrcLnoLk, orrice atter dciiiitting oiie or otlier of ihLsL noiiiinAtL,d dppoiiiliiTreiits if iiivitLd by ihL iiiiiaiiiiiib Ii'u%tcc% to do so. On 29th Noveinber 2006 Ihe Presbytei'y uf Gi'e¢nvLk (tiid I'aislLy coiiducied a sei'vice of iinion b¢lwccn OrcL'nock St CjcuTge's Norih and Circeiiock Si l.Iikc's to foiin Ilie new LliarLJtt uf fTfLLn()Lk Wc%iI?￿rll, Church of Scoildnd. -nic %olicilor ol. th¢ Lliui'ch uf Scotland coiifii'mcd tliat, sincc thc origiiial Si GLorgTL'S CungrLBdll(111 lia8 iiever bLcn dissolvcd bul rvntiiiucs to subsist within Ihc unitcd CongrcgatiOD, thc Minister and Sessioii CILrk uf ihL Welibuiii C.oiigi"egaiioii ar¢ ex ulfiLiv -I'rustCCs of thc .1 w5t and the INSI I'und coIiiinue5 to be held foi. d)e benefit of the CunL¥fLbJdlll)ti wliicli is iiow known as Giren(ILk Wcstbiirii I;huich of Scotland. TliL' of the Boys, 13rigJdc nccdcd a551StclllG¢, which resultcd in a balancc of Kcvcnue being accumulated. In 2016 a IidnsfLI' It> C.apilal (Jf £60,000 and Ihc usc ofihc funds Itir variou5 Otlier activities has reduccd thc balancc of Rcvcnue. 'I'he in¢ome of thL trusi for the year ended 31 si August 2024 dmountLd iu Pllymen¢s out of Revenue during Ihc ycar werc: Siuckbi'okers Managcmeiil ChdlgLS Hcndcrsoi) & Coiiipaiiy- AcLouiildllLy I,tts Indcpcndeni l-.xaininer's bee Wcsibum Parish ChiirLh Clydeview ChxplHinLy Tcdm Ardg?owAn Pr]Jn￿Y Schix)l.. F.ducational Visits fun Inverclydc Foodbank Wesibuni Parish Chui'ch.. Big Pun Family Saiurddys {Chrisiina8 Ciin8) Wesibum Parish Church.. Big Fun fdinily Slilurddys Ardsowan Hospice Butterfly PrujecL BaTnardo's CliildiTn in l)ovcrty Inyerclyde Cr055rcach Wat¢rfronl Canipu5 11,292.05 940.07 1.320.OQ i ¥o.00 4,600.00 1,000.00 400.IJ) 500.00 200.00 i 00.00 5110.ou 500.uo 500.110 500.00 11,240.07 l.eaving a balanLC of Revcnuc or Adding th¢ balancc of RcvcTruc brought10iward The I￿1111¢C of Revcnu¢ ¥drriLd fvrward i. 8,631.50 8 68J.48 The Lai)ital of ihc Irust at thc bcginning of thc y¢ar was Add CTHin Sale ofinvc51tMcnts The capit￿1 of the trust at 315t August 2024 i. ThL lotal fuiid8 nf Ilie trust, with ihc invcslrncnl.% valucd at cast. thcrcfore consists of Revenue of £8,683.48 and Capilal of£263,938.t>4 a tolal uf£272,621,52. Ifthe inve51mcnts arc YaliiLd at Iiiarket value on 3 1st August 2024, thc tothl fvnd5 amouni to £378,930 d5 sliown on ihc Slaicinei)i of BaldllcLs 4L(laLhcd IT) Ihcsc accounts. Signed on bchaif Dfull t>fihe chai'ity ttNstccs and approvcd by ihcm on l Oth l.-ebrnary 2025. 259,383.97 4,554.Q7 263 938.04 ,JOHN KERR'S I'RUS'f FOR s'r GEORGE'S NORI'II CHUIICII REI CEll) rs AIYD PAYMENTS ACCOUNT FOR YLI Ail ENDED 31ST AUCUS"r 2024 21123 Reteipfs 2023 P#ymtnts Dividend5 and Interest Rcceiveil Bank Interest Proceeds of Sale of Iiivcsiments 'rol2l Reeeipts 11,275.68 20.37 18.269,86 29,561.91 2,477 1,320 175 Sto¢kb¥okers M&iiagemcnt Charges Hender.wn & Co. A¢countancy Fees Independent Fxatninei s fec Pyrchase of Tllveslments Donalion lo Westbtirn Parish Church Clydevicw Chaplaincy Team Ardgowaii Primary School.. Edtscational VisiÉs Fiind Oui Lady & St Patrick's Iligh Schoo5 Fund Wesiburn Church rc M¢s5y Cliurch Blood Cancer UK C&ncer tiesearcli IBrea%t Can¢ei') PG Cliuroh Food Angels Foodbank Invcrclyde foodbank rriends 4 Ever Stedfast Silver Band Total Kayos Youth Theair¢ Inverclyde Womcrt's Aid Inverrlyde Family Contact Ccnlir Wc5tbum Parish Lhuich.. Big fun Family Saturdays (Christmas Gifts) Westbllrn Parish C.hur¢h- Big Fun Family Saiurdoys Ardgowan H05pic¢'. Butterfly P*tsje¢t Bornardo's Children in Pov¢rty Inverclyd¢ Crossreach Waterfront Catnpus Total Paymeiit5 Exces5 of In¢ome OVEr Expcnditure 940.07 1,320.00 180,00 1,464.15 4,60U.I)O 1,000.00 20 15.039 4,600 400 200 5QO I,ooo 500 25 250 500 4QO 25n 1,000 i.ooo 400.00 500.00 200.00 100.00 500.00 500.00 500.00 500.00 12,704.22 16,857.69 29 561.91 15,122 783 15,822 Excess ofExpendilllre ovtr liicome 29561.91 15,822 INVII STMENTS SOLD DURING YEAR C05t of Sharcs Sold 17.07.24Redemption of £4,700 2.50/• Index Linked Treasury Stock 2024 11.03.24 Liquidation Payment r¢ Scottish Iiivestmet)t Tn￿t plc Net Gain on Sale 18,156.52 113.34 13,715.79 4,554.07 18,269.86 18.269.86 INVESTMEIYTS PURCHASFD DURING YEAR Cost of Shares Pur¢hased 07.06.24National Gvid plc- 227 Ordinary Shares (Rights Entitlem¢nt) 1,464.15 .InHh' KF,RII'S TRllSi' f4OR ST (JLI {)IIGL'S NC)R'I'H CIIURCII SIATfi Mi [1 NT OTr" BALANCF..q FOR Yb'.AR fi,Nl)F,l) 314Tr' AUGUSI. 2024 Casli iii BAnk As At b¢%inning of y¢A Y Lxc¢55 of LXpe.ndi1u￿ uvLr liiLiiriie PLr ReLeiiiis attd 202.1 15,1711.28 711] Exccss of Inroitte ovcr [￿xpe￿Il1￿1.C i)cr Rcccip15 and l>aym¢nls As at end of Ye￿1- 16,857.69 15,374 15,374 32,231.97 32.232 hlffrkel Vfilme JIivEs1menl$ Jltld MA YthL,I Value Cos1 S. 2,52 abi'dn plc- 1,531 Ordinary,Shllr& AILUII ACI- 20 CHf 0.04 Sliarcs I4￿'r IAGI pl¢- 775 ()rdinais, Shaieg BHP tiroup Lid- 465 Ordindry %hdr BP plL- 1.700 Oiéinaiy Sliair5 BIuT)TILr lii¥rcslni¢nt'fw.%t ple- l.Jl)O OrdinAry $118re8 Ililthc￿Y Gioup plr- 325 Urdinarn. %harts Ceiitrica plc- 2, IOQ Ordinary £haies f. plc- 2?5 Ordinary Sli￿les Di,700 2.5% 1ndex-Linkul TNsiiry S((Ick 2024 5.10&.00 646.83 4,728..$6 7.78? 00 1,058.7d 6,¥48.10 2,293 1,476 047 4.729 1.782 l.n59 3,778 JO,574 9.680 13.910 7.ng8 3,J87 34 6.5041 2.17 2,704 6,864.09 18,603 17.61)6 2,49) 61 1.491 23.879 )96 ,756 15.848 7,912 11.7.19 5,277 32.943 1,532 9.tf4¥ 4.796 g.IPI 14.219 710 12.J68 7,714 970 7.98(J 9.532 4.25 1 5, 71)2 1fj.3J2 8.492 17,606.08 2.494.8? 61.20 4,491.21 2J.879.10 996.vo 4,756.28 6.540.56 8.996.08 4,133.65 50.65 1.1,695.42 5.405.72 9,596 15,657 6.297 3CI,196 1.815 4,994 9.235 16.784 80 12,953 10,046 ,453 9,1.SR 10.i?o 2,¥6Y 4.366 14.156 ,Ug0 669 7.401 9,38,1 5,701 437 14,85(1 8.9YO 4. 134 .51 13.695 3,942 15.299 4.476.15 8,06(>.29 1.326,21 6.321.57 8.n66 1.520 JQ,029 10,029.2.1 248.85 6,649.69 6, 6511 2, 101 4,lJ(J¥ ,128 8.395 2.771 4.Y46 8,241 6. 165 8.4elO 4./54 326 12.5(kf 0,063 3. 155 2. 196 4.008.2I .128.09 ,]￿.&2 2.770.67 4.945.78 11,2,11.17 2,575 2.233 8.Q09 12.1124 1,¥124 ,lJ2 14,000 1.573 12.4(111 2, Il)6 17.751 332. 39.5 347. 7L59 8.Q09,26 12,423.6¥ 1,423.97 3,132.19 4.8f)1.39 8.511 16,656 14.620 1.9()2 4.86J 13,715 2QU,589.55 272 621.52 346,698 378 930 208,015 S,1￿]Cd on beli&lf ofall tho charity irugtws lli)d Hpproved by diLm on IOII) FLbi'Liary 2025. NOTES TO THF FOREGOING ACCOUNTS 'rhe use of all the funds is r¢strieted in a¢coi'daiice with th¢ te17ns of ihe'fi'usi Dccd. Ni) reinuiicration l)as been paid to any tyustec or lo any person coiinected to a trustee. No expenses have b¢en paid to any trustec INDEPV.NDFNT EXAMtNER'S RTr,V()R'I"I'II 'I"HE TRUSTELI S OF JOHN KERR'S TRUST FOR ST GEORGE'S NOIIIH C'HURCII l i"y)orl (trii tlitt aceoi&i)ts' of Jolin TnL8t fvr si George's North Church for the ye#i ended i 1st August 2024. Respective Respoiisibiliti65 of the I'rustees gnd Ei xAll]iner Tlie Ti'iisl¢¢s air i&spoiisibl¢ for thc prcpai'ation of the accounts in accoLQaTice wjtli Ilie ler51JS of the CliariLie& and Trusl¢c IiivLFtn)eiit {%cotlalld) Act 2005 aiid the Chai'ilies Accounts (Scoilalld) Repulations 2006. The TrllstLLS ¢on.8idcr tliat thc audit requir¢mcnt of Regolotion l O(l)(d) of the A¢count$ Regulatiotlg does not apply. It Is 11)y IEgllQIl8ibility lo cxamin- tlic accoiinls ¥1% required under section 44(1)Ic) of the Acl and to stdt¢ wh¥ther p#rtiLulai" iii&ttei have come to my allcnlion. B#sls of Independent Examlner's SIA(¢Jlleiil My examiiialion is carried out accordanee with Regiil&ition I l of Ili¢ Cl)Alltl&8 Accounts (Scotland} Rcgulations ?006. An examination includes a review of the accouT]ling reLor(L% kept by tlie charity and a ¢ompari50n of Ihc accounts pr&senred wilh those r¢¢oids. 11 also include ¢onsid¢ration uf atiy vnu5ual iteins UT disLIuyu£LS iii th¢ a¢coiintSs I?Dd s¢eks cxplatLation$ from Ihc tru8tecs ¢oncen]in8 ally such matters. The pr()Lcdures undbilakrn do not provide all th¢ cvidcncc that would be required in an *udAt, al￿ consequently I do nut cxprw ￿ audit opinion on the v7¢w given by thc accounL8. IndependLnt Exxinitter's Sthtwnent In co)Jrsc of Iny cxllrninatloll, inaiieT h￿5 conie to my att¢ntio wlTri¢li giv¢5 Mic rLaiollaDIL cau8C (o b¢lsevc thui in ￿lY maieri£tl i'espeLt ihe requircm¥nls lo kccp accounting records in accordancc with Section 4411)(a) of thE 200S Act ak)d Reguldlitsn 4 of ihe 200CI AccouiiLs Regulations. and to pr¢pare ￿coun15 whivli #LLUI'd will) the accoutttllig rc¢ords and comply with Regulatioll 9 ot thc 2006 Aecoullts Regulati(TrJs. Iiave not b¢¢ii m¢t, or 2. to which, in my opinion, attenliun bhould be drawn in ovdcr to cnable a propcr undcrslanding of th¢ accounts to be reached.