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JOHN KERR’S TRUST FOR ST GEORGE’S NORTH CHURCH, GREENOCK (Charity No §C001423)
Report of the Trustees
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_ Receipts and Payments Account SE For the year ended 31st August 2025
HENDERSON & COMPANY
73 Union Street Greenock PAL6 8BG
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JOHN KERR’S TRUST FOR ST GEORGE’S NORTH CHURCH, GREENOCK (Charity No SC001423) c/o Rev K Harbison, MA, BD, 50 Ardgowan Street, Greenock REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2025
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|This|Charitable|Trust was|set up|by|the|late Mr John|Kerr by|a Trust Deed|dated|8th November|1963.|
|The purpose of the trust|is|to spread the gospel of Jesus|Christ and the Trust Fund has to be|held|irrevocably|for behoof of St George’s|
|North|Church,|Greenock,|and|the|income paid|to|the|Kirk|Session|to be|utilised|at the|discretion|of the|Session|for the|carrying|out of|
|the purpose of|the trust within|the parochial area of Westburn Church, which includes the former St George’s North|Church and|within|
|the 7th Greenock Company|of|the Boys’|Brigade|or such|other Company as may|from time to time|be|associated|with|said|Church.|
|The|trustees|who|are|entitled|to|be|appointed|in|terms|of the|Trust Deed|include|the|Captain|for the|time|being of the|7th|Greenock|
|Company|of the|Boys’|Brigade,|the minister|for the time|being|of St George’s North|Church,|Greenock|and the|Session|Clerk|for the|
|time being|of St George’s|North|Church,|Greenock,|and,|as the|original number|of trustees|was|five, some|of the|trustees|continue|in|
|office|after|demitting|one|or other of these nominated|appointments|if invited by|the remaining|trustees|to do|so.|
|-|On|29th November 2006|the|Presbytery|of Greenock|and|Paisley|conducted|a service|of union|between|Greenock|St George’s|North|
|and Greenock|St Luke’s to|form the new|charge|of Greenock|Westburn,|Church|of Scotland.|The|solicitor of the Church of Scotland|
|confirmed|that,|since|the|original|St|George’s|Congregation|has|never|been|dissolved|but|continues|to|subsist|within|the|united|_|
|Congregation,|the|Minister|and|Session|Clerk|of the|Westburn|Congregation|are|ex|officio|Trustees|of the|Trust|and|the|trust|fund|
|continues to be held for the benefit of the Congregation which|is now known as Greenock Westburn|Church of Scotland.|ee|
|The present trustees|are:|ae|TS|Oo|
|The Rev Karen Harbison MA BD, Mr William Dempster, Mr Craig Lindsay, Miss Elizabeth|Irvine and Mr Alan|Gallacher.|
|~|Over the years,|the trustees and the Kirk Session have used the funds of|the trust only where the Church and the 7th Greenock Company|
|of the|Boys’|Brigade|needed|assistance,|which|resulted|in a balance of Revenue|being|accumulated.|In 2016|a|transfer|to|Capital|of|
|£60,000|and|the use of|the funds|for various other|activities|has reduced the balance of Revenue.|
|£|£|
|The|income of|the|trust for the year ended 31st August 2025|amounted|to|11,497.87|
|Payments|out of Revenue|during|the year were:|
|:|Stockbrokers Management Charges|922.9]|
|Henderson & Company — Accountancy|Fees|1,410.00|
|Independent Examiner’s Fee|180.00|
|Westburn|Parish Church|4,600.00|
|Ardgowan|Primary|School:|Educational|Visits Fund|400.00|
|Westburn|Parish|Church:|Big Fun|Family|Saturdays|500.00|
|Vhutshilo|Mountain|School,|Venda|1,000.00|
|Friends 4|Ever|$00.00|
|Inverclyde Christian|Initiative:|Inverclyde|Street Pastors|500.00|
|Mind Mosaic Child & Family|Therapies|500.00|
|Crossreach:|Carraig View|500.00|11,012.91|
|Leaving a balance|of Revenue of|484.96|
|Adding the balance of Revenue|brought forward|8,683.48|
|,|The balance|of Revenue carried forward|is|9,168.44|
|£|
|The|capital|of|the|trust|at the beginning of|the year was|263,938.04|
|Less|Cash|Fraction|Received|re|Merger|10.22|
|The|Capital of the trust|at 31st August 2025|is|263,927.82|
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The total funds of the trust, with the investments valued at cost, therefore consists of Revenue of £9,168.44 and Capital of£263,927.82 a total of £273,096.26. If the investments are valued at market value on 31st August 2025, the total funds amount to £400,821 as shown on the Statement of Balances attached to these accounts. Signed on behalf of all of the charity trustees and approved by them on 23rd February 2026.
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REV K HARBISON Trustee Koren € ise
JOHN KERR’S TRUST FOR ST GEORGE’S NORTH CHURCH RECEIPTS AND PAYMENTS ACCOUNT FOR YEAR ENDED 31ST AUGUST 2025 AND PAYMENTS ACCOUNT FOR YEAR ENDED 31ST AUGUST 2025 PAYMENTS ACCOUNT FOR YEAR ENDED 31ST AUGUST 2025 ACCOUNT FOR YEAR ENDED 31ST AUGUST 2025 FOR YEAR ENDED 31ST AUGUST 2025 YEAR ENDED 31ST AUGUST 2025 ENDED 31ST AUGUST 2025 31ST AUGUST 2025 AUGUST 2025 2025
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|RECEIPTS AND PAYMENTS ACCOUNT FOR YEAR ENDED 31ST AUGUST 2025 AND PAYMENTS ACCOUNT FOR YEAR ENDED 31ST AUGUST 2025 PAYMENTS ACCOUNT FOR YEAR ENDED 31ST AUGUST 2025 ACCOUNT FOR YEAR ENDED 31ST AUGUST 2025 FOR YEAR ENDED 31ST AUGUST 2025 YEAR ENDED 31ST AUGUST 2025 ENDED 31ST AUGUST 2025 31ST AUGUST 2025 AUGUST 2025 2025|:|
|2024|Receipts|2024|Payments|:|
|£|£|£|£|:|
|11,272|Dividends|and|Interest|Received|11,096.84|940|Stockbrokers|Management Charges|922.91|||
|20|Bank|Interest|390.81|1,320|Henderson & Co.|-|Accountancy|Fees|1,410.00|||
|18,270|Proceeds of Sale of Investments|-|180|Independent|Examiner’s|Fee|180.00|||
|-|Cash|Fraction Received|10.22|1,464|Purchase|of Investments|-|||
|29,562|Total|Receipts|11,497.87|4,600|Donation|to Westburn Parish Church|4,600.00|||
|1,000|Clydeview Chaplaincy Team|-|||
|Ardgowan|Primary|School:|Educational|:|
|400|Visits|Fund|400.00|
|500|Inverclyde|Foodbank|-|
|Westburn|Parish|Church:|Big Fun|Family|-|||
|200|Saturdays|(Christmas|Gifts)|-|
|Westburn|Parish|Church:|Big Fun|Family|
|100|Saturdays|'|500.00|||
|500|Ardgowan|Hospice: Butterfly|Project|-|
|500|Barnardo’s|-|
|500|Children|in Poverty|Inverclyde|-|
|500|Crossreach|Waterfront Campus|-|
|-|Vhutshilo|Mountain|School,|Venda|1,000.00|
|-|Friends4Ever|500,00|
|Inverclyde|Christian|Initiative:|
|-|Inverclyde|Street|Pastors|500.00|
|-|Mind Mosaic|Child & Family|Therapies|500.00|
|-|Crossroads:|Carraig|View|500.00|
|12,704|Total Payments|11,012.91|
|16,858|Excess of|Income over Expenditure|484.96|
|11,497.87|29,562|11,497.87|
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29,562
CHANGE TO SHAREHOLDING
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|Cost|of|
|Shares|
|£|
|Held:|Witan|Investment|Trust plc 6250|Ordinary|Shares|of Sp|12,423.68|
|09.10.24|Merger with|Alliance|Trust ple|
|Cash|Fraction Received|(10.22)|
|New Holding|following|Merger:|Alliance Witan plc —|1,403|Ordinary|Shares of 2.5p|12,413.46|
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JOHN KERR’S TRUST FOR ST GEORGE’S NORTH CHURCH STATEMENT OF BALANCES FOR YEAR ENDED 31ST AUGUST 2025
| 2024 | Cash in Bank | |||||||||||
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| 15,374 | As at beginningofyear 32,231.97 Excess of Expenditure over Income per Receipts and |
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| - 16,858 32,232 |
32,232 | Payments Account - Excess of Income over Expenditure per Receipts and PaymentsAccount 484.96 Asatend ofyear |
32,716.93 | 32,717 | ||||||||
| Cost £ |
Market Value £ |
Investments Held | Cost & |
Market Value £ |
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| , | ; | 1 | 5,100 647 4,729 7,782 1,059 6,848 34 6,864 17,606 2,495 61 4,491 23,879 996 4,756 6,541 8,996 4,134 51 13,695 5,406 13,299 4,476 8,066 1,326 6,322 3,063 10,029 249 6,650 2,101 4,008 428 8,395 2,771 4,946 8,241 8,009 12,424 1,424 3,132 4,861 240,390 272,622 |
2,293 1,476 5,162 9,686 7,300 18,135 2,170 2,704 16,834 9,596 15,657 6,297 36,196 1,815 11,727 4,994 9,235 16,784 804 12,953 10,046 1,453 9,158 10,170 2,869 4,366 14,136 9,090 669 7,401 9,384 5,701 437 14,850 7,359 2,575 2,233 8,531 16,656 1,164 14,620 1,992 346,698 378,930 |
. | AberdeenGrouppic - 1,531 Ordinary Shares AlconAG -20CHF.0.04 Shares Barr(AG)plc—775 OrdinaryShares BHPGroup Ltd -.465 Ordinary Shares BPplc - 1,700Ordinary Shares BrunnerInvestmentTrustplc ~ 1,300 Ordinary Shares BurberryGroup ple -325Ordinary Shares Centricaple -2,100 Ordinary Shares Columbia Threadneedle Investment Funds (UK) ICVC - 18,603 SterlingLIncome Shares =: 0 CompassGroupple - 400Ordinary Shares Experian plc -425 Ordinary Shares GSKplc-380 Ordinary Sharesof31 1/4p GrowthFund -ChurchofScotlandInvestorsTrust - 5,810 Units Haleonple—475 OrdinarySharesofIp Halmaple -450 Ordinary Shares HendersonFarEastIncomeLtd -2,200 OrdinaryShares HICL InfrastructureCo Ltd -7,318 OrdinaryShares JPMorgan Global&Incomeple - 3,035 OrdinarySharesof5p M&Gple -375 Ordinary Shares , M&GInvestmentManagement- 13,264.9540 Optimal IncomePP Nationa! Grid ple— 1,006 Ordinary Shares NatWestGroupple -421 Ordinary Sharesof£1.0769 NovartisAG - 100CHF0.50 Shares MurrayIncomeTrustple - 1,161 OrdinaryShares Prudential plc -440 Ordinary Shares ReckittBenckiserGroupplc - 100 Ordinary Shares RELXplc -400Ordinary Shares RoyalLondon UnitTrustManagers -9,000 Ethical BondZ Inc. Shares SandozGroupAG—20CHF0.05 Shares SchindlerHoldingsAG - 35CHF0.10Shares Shell plc -350Ordinary SharesofEUR0.07 SiemensAG -40 Shares Siemens EnergyAG -20Shares Temple BarInvestmentTrustplc- 5,500Ordinary Shares ofSp Unileverplc - 150 Ordinary Shares Victrex ple -250Ordinary Shares VodafoneGroupple -3,000 OrdinaryShares WaystoneFund Services(UK)—6,500 Trojan X Inc Shares Alliance Witan ple - 1,403 Ordinary Shares of 2.5p (previously Witan Investment Trust ple -6,250 Ordinary Sharesof5p) WoodsideEnergyGroupLtd -84SharesNPV WorldwideHealthcare Trustplc—4,000 OrdinarySharesof2.5p WPPpic -275Ordinary Shares |
5,100.00 646.83 4,728.56 7,782.00 1,058.74 6,848.10 34.16 6,864.09 17,606.08 2,494.82 61.20 4,491.21 23,879.10 996.00 4,756.28 6,540.56 8,996.08 4,133.65 50.65 13,695.42 5,405.72 13,299.29 4,476.15 8,066.29 1,326.21 6,321.57 3,062.88 10,029.23 248.85 6,649.69 2,100.81 4,008.21 428.09 8,394.62 2,770.67 4,945.78 8,241.47 8,009.26 12,413.46 1,423.97 3,132.19 4,861.39 240,379.33 273,096.26 |
. | 2,981 1,179 5,286 9,593 7,346 18,642 4,171 3,380. we 16,723. 10,048 16,286 5,520 38,346 1,724 14,796 5,082 8,767 17,117 994 12,783 10,472 2,150 9,370 10,356 4,350 5,530 13,784 9,162 929 9,635 9,534 8,253 1,565 18,755 6,978 1,785 2,651 9,021 17,650 1,075 13,260 1,075 368,104 400,821 |
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_ Signed on behalf of all the charity trustees and approved by them on 23rd February 2026.
REV K HARBISON Trustee
Rarer € terol Ser
- The use of all the funds is restricted in accordance with the terms of the Trust Deed.
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NOTES TO THE FOREGOING ACCOUNTS
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No remuneration has been paid to any trustee or to any person connected to a trustee.
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No expenses have been paid to any trustee
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF JOHN KERR'S TRUST FOR ST GEORGE'S NORTH CHURCH
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I report on the accounts of John Kerr's Trust for St George's North Church for the year ended 3 Ist August 2025.
Respective Responsibilities of the Trustees and Examiner
The 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. The 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 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 ofany 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
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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
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to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations.
have not been met, or
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- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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Morag E Love
Chartered Accountant ~
10th February 2026
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