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2024-12-31-accounts

The Church of Scotland

Perth - St Leonard’s in the Fields Church

Reports and Accounts

for the year ended 31 December 2024

(Approved by the Kirk Session 15 April 2025)

Church of Scotland Congregation Number: 281698

Scottish Charity Number: SC002919

Perth – St Leonard’s in the Fields Church of Scotland

Perth - St Leonard’s-in-the-Fields Church of Scotland

Trustees’ Annual Report

Year ended 31 December 2024

The trustees present their annual report and financial statements of the charity for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the General Assembly Regulations for Congregational Finance, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Reference and Administrative Information

Charity Name Perth – St Leonard’s in the Fields Church of Scotland

Charity Registration No SC002919

Congregation Reference No 281698

Contact Address The Church Secretary St Leonard’s in the Fields Church Marshall Place Perth PH2 8AG

1

Perth – St Leonard’s in the Fields Church of Scotland

Trustees’ Annual Report

Year ended 31 December 2024– continued

The Trustees are defined as members of the Kirk Session. The names of all trustees who served during 2024 and since 1[st ] January 2025 to the date of this report are:

Key to symbols:

R Resigned

D Died during the year

2

Perth – St Leonard’s in the Fields Church of Scotland

Trustees’ Annual Report

Year ended 31 December 2024 – continued

Principal Office-bearers

Interim Moderator

Session Clerk Vacant

Deputy Session Clerk

Convener of the Finance Committee Church Treasurer

Assistant Treasurer

Gift Aid Convener Convener of the Property Committee Keeper of the Roll

Independent Examiner

MMG Chartered Accountants 4 Albert Place Perth PH2 8JE

Bankers

Virgin Money

158-162 High Street Perth PH1 5UH

3

Perth – St Leonard’s in the Fields Church of Scotland

Trustees’ Annual Report

Year ended 31 December 2024– continued

Structure, Governance and Management

Governing Document

The Church is administered in accordance with the terms of the Church of Scotland’s Unitary Form Deed of Constitution. The Ministers serve the linked congregations of Perth, St. Leonards in the Fields and St. John’s Kirk of Perth. The congregations retain independent governance arrangements through their Kirk Sessions.

Recruitment and Appointment of Trustees

The members of the Kirk Session are deemed to be the charity trustees. The members of the Kirk Session are the elders of the church and are chosen from those members who are considered to have the appropriate gifts and skills.

Organisational Structure

The Kirk Session, which meets at least four times a year, is responsible for the spiritual and temporal affairs within the Church. Certain responsibilities are delegated by the Session to the Finance Committee and the Property Committee as appropriate.

Objectives and Activities

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.

Achievements and Performance

4

Perth – St Leonard’s in the Fields Church of Scotland

Trustees’ Annual Report

Year ended 31 December 2024 - continued

Achievements and Performance - continued

January

Worship took place in the hall, to cut down on our energy consumption. Services were well attended.

February

Worship continued to take place in our hall with Holy Communion being held there on February 17. We returned to the sanctuary for the Sacrament of Baptism on February 25.

March

The Coffee Morning held on March 2 was well supported and raised £851 for church funds. Our church and halls were once again, the venue for the annual music festival “Perform in Perth, which took place from 1216[th] March .

April

The Soup and Bread Lunch held after the Church Service on April 14, was to raise funds or “Water Aid” This popular event raised £508.

We held a memorial service for one of our former elders on April 29. Diana Robertson had been a long serving and dedicated member of our church family.

May

The Sacrament of holy Communion took pace on May 19. The retiring collection was for Christian Aid, marking the end of Christian Aid Week. Many of our members took part in the door to door collections and in total, we raised the magnificent sum of £1427.

June/July/August

Some of our members took part in the Christian Aid Quiz on August 30

September

Our Sunday morning, services changed to an 11am start, following a survey of our members wishes. Our church and hall welcomed 108 visitors for “Doors Open Weekend” on September 14 &15. We offered tea and coffee to our visitors and there were exhibitions of railway paintings and memorabilia and a book sale supplied by our Book Group . Members of the Prayer Shawl Ministry were also on hand to show the variety of items they create and to explain who all would benefit from them. Philp Kinmont, our relief organist, played the organ on Saturday and Sunday afternoons and the music helped create a wonderful welcoming atmosphere.

On September 29, we were asked by Christian Aid to hold a collection for Gaza. This raised £954 to help with supplies of meals, shelter, sanitation and medical relief as the threat of violence grew.

5

Perth – St Leonard’s in the Fields Church of Scotland

Trustees’ Annual Report

Year ended 31 December 2024 - continued

Achievements and Performance - continued

October

We held our Harvest Thanksgiving Service on October 6, when we asked the congregation to bring specific items to support Perth Foodbank.. Several full carrier bags were delivered to the Food Bank. The Sacrament of Holy Communion was held on October 20.

We responded to the Blythswood Shoebox appeal once again and 33 filled boxes were returned to the church on October 27, when they were dedicated, as part of our morning worship.

Our members gave a superb response to our Annual Special Appeal, raising £14000 for church funds. This show of support from our members, gives considerable confidence going forward.

November

Sunday November 3 was CrossReach Sunday and was marked with a special service in the hall. CrossReach Newsletters are available throughout the year and Calendars were on sale.

Our Remembrance Service on November 10 coincided with our joint service with Craigie/Moncreiffe. It was a wonderful opportunity to involve some of the youth organisations. Scouts, Cubs, Guides and Brownies paraded with their company ensigns. On November 24 we held a second Soup and Bread lunch for Christian Aid after the service in the hall, raising a total of £545. We are so fortunate to have to make her delicious home made soups which we all look forward to on a wintry morning. On November 22, the Jambouree choir held a very successful Ceilidh in the hall which brought many generations together for a most enjoyable evening of entertainment.

December

Our congregation were encouraged to support the “Be A Star” toy appeal, organised by the Salvation Army. Gifts were brought to the church on December 1 or taken directly to the Salvation Army by December 9. After the service on Sunday December 15, we asked for volunteers to hand deliver Christmas cards and gifts of spring bulbs to a number of our housebound members. The hyacinths in vases will bring cheer as Spring approaches.

On Thursday, December 19, our church was the venue, yet again, for the Inchview Primary School Christmas Service. The Sanctuary held a capacity crowd of children, staff and families for this annual end of term event. Morning worship on Sunday, December 22 was introduced by , but was led by several of our congregation. The feedback was very positive, so we will endeavour to build on the success of this style of worship in the future.

Likewise, our Family Christmas Eve Carol concert was led by our organist and members of her Jambouree Choir and Cabaret singers, past and present. This too was very successful and in the absence of a minister, showed our resourcefulness. The retiring offering raised £550 for the charity Tayside and Fife Children with Cancer and Leukaemia, a charity very close to our hearts.

As we finish the year, we reflect on the strong leadership teams we have, in Finance, Property, Pastoral Care and Mission and Outreach and give thanks for them all. Our hard working office bearers, Church Organist and Church Secretary, work together to ensure the smooth running of our church, a high standard of Sunday worship, the upkeep of our beautiful building, the care of our congregation and God's people near and far. We are reaching out to our neighbouring church – Craigie/Moncreiffe and have already begun the process of working towards a union. We hope to take into the future, the best of all we do, as we seek to understand God's purpose for our church.

6

Perth – St Leonard’s in the Fields Church of Scotland

Trustees’ Annual Report

Year ended 31 December 2024 - continued

Financial Review- including policy statements on risk, reserves & investments

Yet another difficult and demanding year, producing an operating deficit of £15,334 (2023: a deficit of £13,414). A substantial unrealised gain on investments, £7,632 (2023: a surplus of £6,270) reduces the overall deficit for the year to £7,902 (2023: a deficit of £7,144).

Several factors impact this outcome; (1) the congregation’s willingness to maintain their freewill offerings (2) an exceptional response to the annual special appeal (3) the careful management of the church fabric by the property team, (4) although reduced premises income continues to be a significant income source

Ordinary offerings (excluding gift aid), although falling slightly from 2023 remain strong at £41, 534 (2023 £42,840). The 2024 Special Appeal raised £10,775 (2023 £8,763).

In 2023 we benefited from a legacy of £3,813; this largely represents the fall in total income for the year £81,320 (2023 £84,630)

Expenditure for the year £96,854 was slightly down on 2023 (£98,044). The locum position was vacant in 2024 (2023 £8,236). This lower cost was offset by increased pulpit supply costs of £4,100 (2023 £790). Contributions to the Church centrally – Giving to Grow - £34,398 were lower than 2023 (£37,725). The most significant cost increase relates to running the Kirk itself £32,295 (2023 £26,868) mainly increased energy costs.

Despite this disappointing result no further draw from reserves was required (2023 £15,002)

Reserves Policy

It is the trustees’ policy to hold sufficient funds in general reserves to meet non-recurring expenditure that may arise in future. In recent years, we budgeted to show a small operating surplus, taking one year with the next, on general (unrestricted) funds, before taking into account deficits or surpluses arising from the revaluation of investments. This policy has been modified and the trustees have approved budgets which cater for deficits of up to £10,000 per annum and the Finance Committee has been charged with the task of monitoring and managing the deficits to control the call on reserves.

7

Perth – St Leonard’s in the Fields Church of Scotland

Trustees’ Annual Report

Year ended 31 December 2024 - continued

– Financial Review continued

Risk Management

The Finance Committee continues to maintain an overview of risk management matters and reports to the trustees on an annual basis. The Property Committee consider all general health and safety matters. The Committee revisited its Risk Register. It continues to assess the principal risks for 2024/25, which are common to many congregations, as below, plus one new risk:

  1. The fall in membership

  2. The consequential reduction in givings

  3. The maintenance of the fabric of the Church building

  4. External factors affecting hall rental income and investment volatility

Session and the Congregation decisively rejected a Presbytery proposal to form a Union with Craigie/Moncrieffe. Presbytery has agreed to look again at planning issues concerning the City Centre Churches. Lack of a resolution represents a risk going forward.

The Trustees will continue to monitor the position very carefully during 2025. As mentioned elsewhere the continuing financial support given by the congregation is very encouraging.

The Committee believes, current reserves are sufficient to meet foreseeable outlays on the fabric of the Church.

Investment policy

The Trustees follow an ethical investment policy, other than day to day operating funds all sums are invested in Church of Scotland investment funds or deposits.

8

Perth – St Leonard’s in the Fields Church of Scotland

Trustees’ Annual Report

Year ended 31 December 2024 - continued

Statement of Trustees’ Responsibilities

Charity law requires the trustees to prepare financial statements for each financial year which show a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charity and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information on the congregation’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the Trustees and signed on their behalf:

, on behalf of Session 15 April 2025

9

Perth – St Leonard’s in the Fields Church of Scotland

Independent Examiner’s Report

To the Trustees of Perth, St Leonard’s-in-the-Fields Church of Scotland

Scottish Charity No: SC002919

Report of the Independent Examiner

I report on the accounts of the charity for the year ended 31 December 2024 which are set out on pages 11 to 22.

This report is made solely to the Trustees, as a body, in accordance with my terms of engagement. My work has been undertaken to enable me to report my opinion set out below and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Trustees, as a body, for my work or for this report.

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 2006 (as amended).

The charity trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts under section 44(1)(c) of the 2005 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 (as amended). 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

1. which gives me reasonable cause to believe that in any material respect the requirements:

2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

MMG Chartered Accountants 4 Albert Place Perth PH2 8JE

Date: 12/07/2025

10

Statement of Financial Activities

Year ended 31 December 2024

Income and endowments from:
Donations and Legacies
Charitable Activities
Other Trading Activities
Investments
Total income
Expenditure on:
Charitable activities
Total expenditure
Net (expenditure)/income before gains
and losses on investment
Net gains/(losses) on investments
Net movement in funds
Total funds brought forward
Total funds carried forward		 Notes
1
2
3
4
5
8		 Unrestricted
Restricted
Endowment
Funds
Funds
Funds
£
£
£
64,736
-
-
2,545
-
-
11,202
-
-
2,116
583
138
80,599
583
138
93,550
3,304
-
93,550
3,304
-
(12,951)
(2,721)
138
6,341
1,291
-
(6,610)
(1,430)
138
90,459
37,021
3,969
83,849
35,591
4,107		 TOTAL
2024
£
64,736
2,545
11,202
2,837
81,320
96,854
96,854
(15,534)
7,632
(7,902)
131,449
123,547		 Unrestricted
Restricted
Endowment
Funds
Funds
Funds
£
£
£
66,455
-
-
1,970
-
-
13,195
-
-
2,410
503
97
84,030
503
97
96,994
1,050
-
96,994
1,050
-
(12,964)
(547)
97
5,746
931
(407)
(7,218)
384
(310)
97,677
36,637
4,279
90,459
37,021
3,969		 TOTAL
2023
£
66,455
1,970
13,195
3,010
84,630
98,044
98,044
(13,414)
6,270
(7,144)
138,593
131,449

The notes on pages 13 to 22 form part of these accounts.

Perth - St Leonard's-in-the-Fields Church of Scotland

Page 11

Perth - St Leonard's-in-the-Fields Church of Scotland

Balance Sheet

As at 31 December 2024

Fixed Assets
Tangible Fixed Assets
Investments
Total Fixed Assets
Current Assets
Debtors
Bank and cash
Total Current Assets
Current Liabilities
Creditors falling due within
one year
Net Current Assets
Net Assets
The funds of the charity:
Endowment funds
Restricted income funds
Unrestricted income funds
Total charity funds		 Notes
8
8
9
10
11
13		 £
5,661
32,828
38,489
21,373
4,107
35,591
83,849		 2024
£
17,902
88,529
106,431
17,116
123,547
123,547
123,547		 £
7,300
33,759
41,059
9,856
3,969
37,021
90,459		 2023
£
19,349
80,897
100,246
31,203
131,449
131,449
131,449

The accounts were approved by the Kirk Session on 15 April 2025

For and on behalf of the Kirk Session:

----- Start of picture text -----
Trustee
Treasurer
----- End of picture text -----

The notes on pages 13 to 22 form part of these accounts.

Page 12

Notes forming part of the financial statements for the year ended 31 December 2024

Accounting policies

The principal accounting policies, which have been applied consistently in the current and preceding year in dealing with items which are considered material to the accounts are set out below.

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).

The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

Funds

Funds are classified as either restricted, endowment or unrestricted funds, defined as follows:

Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider objects of the charity.

Endowment funds are funds which have been given on the condition that the original capital sum is not reduced, but the income therefrom is used for the purpose defined in accourdance with the objects of the charity.

Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees' discretion to apply the fund.

Going Concern

The Trustees consider there are no material uncertainties about the ability of the charity to continue for the foreseeable future and, therefore, have adopted the going concern basis in preparing these financial statements.

Recognition of income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

All donations and gifts are included within incoming resources under either unrestricted or restricted funds according to the terms under which the donation is made and when the amount can be quantified with reasonable certainty. Donations and gifts in kind are brought into the accounts at their market value to the charity.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Recognition and allocation of expenditure

Expenditure is included in the Statement of Financial Activities on an accruals basis and is recognised when there is a legal or constructive obligation to pay for expenditure.

Perth - St Leonard's-in-the-Fields Church of Scotland

Page 13

Notes forming part of the financial statements for the year ended 31 December 2024

Accounting policies - continued

Tangible fixed assets

The charity has the right to occupy and use for its charitable objects the Church and halls, vested in the Church of Scotland General Trustees. No consideration is payable for the use of these assets. The manse, which had been vested in the Church of Scotland General Trustees, was sold during the prior year, with the proceeds held on behalf of the congregation by the Church of Scotland General Trustees in the Consolidated Fabric Fund, as detailed in the Appendix on page 22.

Expenditure incurred in the repair and maintenance of these assets is charged as resources expended in the statement of financial activities in the period in which the liability arises.

No expenditure on tangible fixed assets was capitalised in years before 2007. Fixed assets acquired after that date and having a value to the Church greater than one year, are capitalised.

Depreciation is provided to write off the cost, less residual value, of tangible fixed assets over their estimated useful lives at the following rates:

Equipment, Fixtures, etc: 25% Reducing balance Musical Equipment: 10% Reducing balance Building Refurbishments 20 Equal annual amounts

Investments

Fixed asset investments are stated at market value at the Balance Sheet date. Unrealised gains and losses represent the difference between the market value at the beginning and end of the financial year or, if purchased in the year, the difference between the cost and market value at the end of the year.

Realised gains and losses represent the difference between the proceeds on disposal and the market value at the start of the year or cost if purchased in the year.

Fabric Fund

Normal repairs and maintenance are charged to the General Fund; extraordinary repairs and improvements are met from the Fabric Reserve Fund and/or by special fund-raising efforts.

Taxation

St Leonard's-in-the-Fields Church is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subect to taxation on its charitable activities.

The charity is not registered for VAT and resources expended therefore include irrecoverable input VAT.

Cash and cash equivalents

Cash and cash equivalents include cash in hand and deposits held with the Investors Trust.

Debtors

Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any discounts due.

Creditors

Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

Perth - St Leonard's-in-the-Fields Church of Scotland

Page 14

Notes forming part of the financial statements for the year ended 31 December 2024

Accounting policies - continued

Financial Instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Critical Account Estimates and Judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are revised on an ongoing basis. Revisions to the accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

In preparing these accounts, the trustees have made the following judgements:

Depreciation

Tangible fixed assets are depreciated over a period to reflect their estimated useful life. The applicability of assumed lives is reviewed annually, taking into account factors such as physical condition, maintenance and obsolescence.

Accruals

Accruals are applied at year end based upon financial costs incurred post year end and experience of trustees.

Perth - St Leonard's-in-the-Fields Church of Scotland

Page 15

Notes forming part of the financial statements for the year ended 31 December 2024

1 Donations and Legacies
Offerings
Tax Recovery on Gift Aid
Donations
Legacies
Grants Received
2 Income from charitable activities
Weddings and Funerals
Coffee Mornings etc
Concerts & other fundraising
3 Income from other trading
activities
Use of Premises
4 Investment Income
Dividends Received
Deposit Interest		 Unrestricted
Restricted
Endowment
Funds
Funds
Funds
2024
2024
2024
£
£
£
52,309
-
-
11,739
-
-
688
-
-
-
-
-
-
64,736
-
-
600
-
-
1,605
-
-
340
-
-
2,545
-
-
11,202
-
-
11,202
-
-
1,556
317
-
560
266
138
2,116
583
138		 TOTAL
2024
£
52,309
11,739
688
-
-
64,736
600
1,605
340
2,545
11,202
11,202
1,873
964
2,837		 Unrestricted
Restricted
Endowment
Funds
Funds
Funds
2023
2023
2023
£
£
£
51,603
-
-
10,465
-
-
424
-
-
3,813
-
-
150
-
-
66,455
-
-
300
-
-
1,400
-
-
270
-
-
1,970
-
-
13,195
-
-
13,195
-
-
1,558
317
-
852
186
97
2,410
503
97		 TOTAL
2023
£
51,603
10,465
424
3,813
150
66,455
300
1,400
270
1,970
13,195
13,195
1,875
1,135
3,010

Perth - St Leonard's-in-the-Fields Church of Scotland

Page 16

Notes forming part of the financial statements for the year ended 31 December 2024 - continued

5 Analysis of Expenditure
Charitable Activities
Ministries & Mission Allocation
Presbytery Dues
Interim Moderator's Expenses
Locum Fees & Expenses
Pulpit Supply
Other Salary Costs
Fabric Repairs & Maintenance
Manse Council Tax
Other Building Costs
Church Office Expenses
lndependent Examiner's Fee
Organ & Music
Other Expenses		 Unrestricted
Restricted Endowment
Funds
Funds
Funds
2024
2024
2024
£
£
£
34,398
-
-
1,320
-
-
264
-
-
56
-
-
4,100
-
-
8,739
-
-
6,913
2,134
-
-
-
-
32,295
-
-
3,116
-
-
1,410
-
-
-
120
-
939
1,050
-
93,550
3,304
-		 TOTAL
2024
£
34,398
1,320
264
56
4,100
8,739
9,047
-
32,295
3,116
1,410
120
1,989
96,854		 Unrestricted
Restricted Endowment
Funds
Funds
Funds
2023
2023
2023
£
£
£
37,725
-
-
1,158
-
-
-
-
-
8,236
-
-
790
-
-
10,213
-
-
7,141
-
-
554
-
-
26,858
-
-
2,528
-
-
900
-
-
456
-
-
435
1,050
-
96,994
1,050
-		 TOTAL
2023
£
37,725
1,158
-
8,236
790
10,213
7,141
554
26,858
2,528
900
456
1,485
98,044

Notes:

Perth - St Leonard's-in-the-Fields Church of Scotland Page 17

Notes forming part of the financial statements for the year ended 31 December 2024 - continued

2024
£
6 Staff costs and numbers
Salaries and Wages
8,739
Social Security costs
-
Total
8,739
The average number of employees during the year, calculated
on the basis of a head count, was:
2024
Number
Administration
1
Music staff
1
Premises maintenance
2		 2023
£
10,213
-
10,213
2023
Number
1
1
1
3

7 Trustee Remuneration and Related Party Transactions

We had no minister throughout 2024. Interim Moderator's travelling expenses of £264 were incurred in 2024 (2023 £nil).

No trustee received any remuneration or had any personal interest in any contract or transaction entered into by the charity during the year.

During the year a total of £19,796 (2023: £20,677) was donated to the congregation by the trustees.

Perth - St Leonard's-in-the-Fields Church of Scotland

Page 18

Notes forming part of the financial statements for the year ended 31 December 2024 - continued

8 Fixed Assets
2024
2024
2024
£
£
£
Furniture
& Office
Musical
Building
Tangible Fixed Assets
Equipment
Instruments
Refurb.
Cost
As at 1 January 2024
14,578
6,999
21,000
Movements during year
-
-
-
As at 31 Dec 2024
14,578
6,999
21,000
Depreciation
As at 1 January 2024
14,328
3,650
5,250
Charge for year
62
335
1,050
As at 31 Dec 2024
14,390
3,985
6,300
Net Book Value at 31 Dec 2024
188
3,014
14,700
Investments
See below
Market value at 1 January 2024
Disposals
Gain on realisation of units
Investments written off (see below)
Unrealised gain/(loss) on investments
Market value at 31 December 2024
Investments at original cost
The following investments were held at 31 Dec 2024:
Unit
Value
General Fund
7,806 (2023 - 10,438) Units Church of Scotland Growth Fund
£6.38
Reserve Fund
3,722 Units Church of Scotland Growth Fund
£6.38
Fabric Fund
2,348 Units Church of Scotland Growth Fund
£6.38
Total Investments		 2024
£
Total
42,577
-
42,577
23,228
1,447
24,675
17,902
2024
£
80,897
-
-
-
7,632
88,529
12,369
2024
£
49,802
23,747
14,980
88,529		 2023
£
Total
42,577
-
42,577
21,722
1,506
23,228
19,349
2023
£
89,629
(15,002)
789
(486)
5,967
80,897
12,369
2023
£
45,509
21,699
13,689
80,897

Perth - St Leonard's-in-the-Fields Church of Scotland

Page 19

Notes forming part of the financial statements for the year ended 31 December 2024 - continued

9 Debtors
Gift Aid Tax refund due
Other
Prepayments
10 Creditors
Bills payable
Accruals
Other		 2024
£
4,703
650
308
5,661
16,979
2,314
2,080
21,373		 2023
£
4,502
1,391
1,407
7,300
6,616
1,884
1,356
9,856

11 Analysis of Net Assets among Funds

Fixed Assets
Investments
Current Assets
Current Liabilities
Net Assets at
31 Dec 2024
Fixed Assets
Investments
Current Assets
Current Liabilities
Net Assets at
31 Dec 2023		 General
Restricted Endowment
TOTAL
£
£
£
£
3,202
14,700
17,902
73,549
14,980
-
88,529
28,171
6,211
4,107
38,489
(21,073)
(300)
(21,373)
83,849
35,591
4,107
123,547
General
Restricted Endowment
TOTAL
£
£
£
£
3,599
15,750
-
19,349
67,208
13,689
-
80,897
29,508
7,582
3,969
41,059
(9,856)
-
-
(9,856)
90,459
37,021
3,969
131,449

Perth - St Leonard's-in-the-Fields Church of Scotland

Page 20

Notes forming part of the financial statements for the year ended 31 December 2024 - continued

12 Volunteers

In common with all congregations of the Church of Scotland the congregation benefits from the contribution made by volunteers who give their time and talents willingly for the benefit of the Church. The areas of congregational life which rely on the contribution of volunteers are many and varied and much of the activity would be unable to continue if it were not for the commitment shown.

13 Movement in Funds

Endowment Funds
Benevolent Trust Fund:
Revenue
Restricted Funds
Fabric Fund
Organ Maintenance
Unrestricted Funds
Reserve Fund
General Fund
TOTAL FUNDS
Endowment Funds
Benevolent Trust Fund:
Capital
Revenue
Restricted Funds
Fabric Fund
Organ Maintenance
The Children Fund
Unrestricted Funds
Reserve Fund
General Fund
TOTAL FUNDS		 As at
Incoming
Outgoing
Other Gains/
As at
1 Jan 24
Resources
Resources
(losses)
31 Dec 24
£
£
£
£
£
3,969
138
-
4,107
3,969
138
-
-
4,107
27,063
337
(3,184)
1,291
25,507
9,958
246
(120)
10,084
37,021
583
(3,304)
1,291
35,591
49,590
503
-
2,047
52,140
40,869
80,096
(93,550)
4,294
31,709
90,459
80,599
(93,550)
6,341
83,849
131,449
81,320
(96,854)
7,632
123,547
As at
Incoming
Outgoing
Other Gains/
As at
1 Jan 23
Resources
Resources
(losses)
31 Dec 23
£
£
£
£
£
407
-
-
(407)
-
3,872
97
-
-
3,969
4,279
97
-
407
-
3,969
26,772
331
(1,050)
1,010
27,063
9,786
172
-
-
9,958
79
-
-
(79)
-
36,637
503
(1,050)
931
37,021
47,990
-
-
1,600
49,590
49,687
84,030
(96,994)
4,146
40,869
97,677
84,030
(96,994)
5,746
90,459
138,593
84,630
(98,044)
6,270
131,449

Purposes of the Funds:

The capital of the Benevolent Trust Fund is used to provide income to fund pastoral assistance within the parish.

The Fabric Fund is a fund to meet the costs of non-recurring maintenance costs or capital expenditure in relation to the fabric of the church.

Organ Maintenance is to meet exceptional expenses or capital expenditure in respect of the organ.

The Children Fund is to assist younger churchgoers through the provision of Christian learning materials or any other items which may assist their personal development.

The Reserve Fund is in respect of funds set aside by the trustees for general purposes if so approved by the Session.

The General Fund represents accumulative surpluses and is available for general purposes.

Perth - St Leonard's-in-the-Fields Church of Scotland

Page 21

Notes forming part of the financial statements for the year ended 31 December 2024 - continued

14 Collections for Third Parties and Charitable Donations

Christian Aid Scotland
Christian Aid - Gaza Appeal
Water Aid
Foodbank
Tayside Children with Cancer and Leukaemia		 2024
£
314
544
480
-
526
1,864		 2023
£
1,612
-
356
250
251
2,469

Many Christian aid donations are subject of gift aid which enhances the overall value of the donations.

Perth - St Leonard's-in-the-Fields Church of Scotland

Page 22

Perth - St Leonard's-in-the-Fields Church of Scotland

Appendix

Funds held on behalf of the Congregtion by the Church of Scotland General Trustees

CAPITAL ACCOUNT
Credit Balances held at 31 December at cost
Proceeds from sale of manse (1/2 share)
Legal fees
Interest received
Credit Balance held at 31 December at cost
Market Value of Balances at 31 December
REVENUE ACCOUNT
Credit Balance at 31st December
Transfer to St John's - income share prior year
Interest received
Dividends received
Admin charges
Credit Balance at 31 December		 2024
£
286,393
-
-
-
286,393
287,100
10,754
(2,779)
12,125
1,377
(854)
20,623		 2023
£
38,105
250,000
(3,899)
2,187
286,393
285,064
3,944
-
5,711
1,173
(74)
10,754

Perth - St Leonard's-in-the-Fields Church of Scotland

Page 22