## **Tayside Christian Fellowship** Paradise Place, Perth, PH2 8JH Financial Report Closing Balance and presentation of the accounts for the Financial Year 01 April 2024 to 31 March 2025 Tayside Christian Fellowship is a charity registered in Scotland. Registered Charity Number SC 003944 ## **Trustees** Trustees Annual Report For the Year Ended 31st March 2025 Reference and Administrative Inforniation ChArity Name Tayside Christian Fellowship Charity Number SC 003944 Website: tcfy¢rth.org.uk Current Trustees Structural Governance and Management Constitution The Church is a Registered Charity governed in accordance with a Trnst Deed issued in th Edinburgh on the 16 February 1995. This deed sets out nine Biblical guiding principles of the church in the use of the building at Paradise Place as a place of public worship. A list of these guiding principles is published on the Church Website under the heading "What We B¢lieve" Appointment of Trustees T￿￿teeS who fulfd the requirements of baptism by immersion on a personaj profession of faith in the Lord Jesus Christ are appointed by members of the Fellowship under a 75 % of listed members attendance rule with the Elders acting in governance Objectives and Activities - Charitable Purposes The church has the following objectives which are published on the church websit¢ l. I c) care and Share through 14-ork"ing7 iouether 2. 1-0 kLcp JcsLL% at thc CLntre of all ￿'C do 3. .1 () ¢ftictlN'LII: L()niinunicatL' the Cyosp¢I 4. '1"0 hclp ev¢rK'I)iic in ihe LliurLlI fullijw. Christ (Is a disLiple 5. To proclakni biblical truth in our ILaLhin&7 aiid prL'ilLliirig, both privalili: ￿ld publiclv Ongoing Activities The church seeks to fulfil the above objectives at congregational church Sunday services and by arranging Home Group meetings and S￿la] activities at other times and through pastoral contacts by the elders and th¢ Church Pastor. 2024-25 Financial Review Looking at income and expenditure there was a surplus of £3.149.04 with income increasing by 150/0 whereas expenditure fell by 1.2 %. Partner Su ort The church continues to sUp￿)rt our partner church in Bangalore India - Remittanc¢s to India were £1,080 for th¢ Good Shepherd School, Lingariapuram, Bangalore where we continue to support the education of students. A monthly amount of £45 is provided from church funds. In addition, individual donations totalling £690 have been given during the year and these will be sent to India in the next financial year. The net balance in the India Fund stands at £ 1,101.83 and this will be carried forward to the next financial year. The church also continues to support the work (£2,400) and indirectly through personal gifts t £4.512. s both directly to Mwana £2,112) making a total of Monthly support is also provided for Ilowship (MAF) totallin8 .otalling £2,400. (Colombia) received support amounting to £4.100 during 2024-25. The church onations of £1,220 from the congregation in support of this Further details of support for mission partners is shown in the Expenditure Detaijs attached to the accounts. r their work with M. haplaincy Scotland ur eierans Other Income The Sunda School collections for Mwana and India amounted to £63.35 for this year. This will be added to last year's collection of £27.84 and passed on to these chariti¢s in the next financial year. The nominated Christmas A eal charity this year was Tear Fund. The church received £1.445 in donations and this was doubled by the church to donate £2,890 to this charity. The "Footwise" charitable activity providing community podiaty services jointly with Perth Baptist Church has provided an income of £1,762 through the charging of a norninal fee for this service. The activity is operated on referral from Taysidc Health Board. The Gift Aid tsx reclaim for the year 2023-24 processed during this year resulted in additional income of £15,162.84 from HMRC. This is valuable income for the church and thanks is due to all those taxpayers who continue to support the church by signing up for Gift Aid. If you have any questions about Gift Aid please speak to the treasurer. The church receives rental income from the following sources Gaelic Pla rou who use the church twice weekly during the school temis. The Romanian Church who us¢ the church on a weekly basis. Other Expenditure: A church weekend awa at Faskally House was held in February. The income for this event was £2,302 and the total cost of accommodation was £6,036 with the diff from church funds. An invoice for the cost of food prepared by our chef, currently awaited. The estirnated cost is between £600 and £700 based on Pi¢iAOUS ligures. A concert by Jonathan Veira was held in May. Income collected for this event was £710 with the cost of the event being £1.239.20 with the dAfference being made up from church funds. Reserves Policy The Trustees policy is to maintain sutricient reserves to meet the cost of 3 months expenditure. Reserves at the end of 2024-25 were £98,117 which is within the target range. forward to 2025-26 Church funds currently stand at £1 00.534.54. Future expenditure plans are as follows: As has been communicated in the Elders Report, we are seeking wisdom to add to our staff team. Replacement of the main building heating system with a new wet central heating system including a new boiler. The cost of the work will be £16,000. The work will be undertaken in July. We require additional storage to create more space for the Sunday School. A new piano is required as the existing piano. now 15 years old, is beginning to to be t¢mperdmentsl Plans to change the ststus of the church to a SCIO will be presented to the church in th¢ next few months. **Tayside Christian Fellowship** Paradise Place, Perth, PH2 8JH ## **Independent Examiners Report for the year ended 31st March 2025** I report on the accounts of the charity for the year ended 31st March 2025 which are set out on the following pages. ## **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) (d) of the 2006 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 2006 Accounts 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 that 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 ntion should be drawn in order to enable a proper understanding of the accounts to be reached . MMG Chartered Accountants Date : 11/09/25 **Registered Charity Number SC 003944** **Page 1 of 5** Financial Report for the Year Ended 31st March 2025 Current Account Income Expenditure Net Surplus/Deficit 2024125 £112.177.74 £109,028.70 £3,149.04 2023124 £97,533.93 £110,445.52 -£12,911.59 Income Expenditure Net Surplus Statement of Balances 2024125 2023r24 Bank and Cash in hand Opening balances £97,385.50 £110,297.09 sU￿lUs / (deficit) for year £3,149.04 -£12,911.59 Closing Balance £100,534.54 £97.385.50 Which includes restricted funds: tndia Fund - opening balance plus rec'd in year less s ntin Sunday School - to be paid out to India & Mwana in next financial Collection for Watoto Choir to be forwarded East of Scotland Leaders Fonun net balance. General Hardship Fund Remaining balance unrestricted £1,101.83 £1,491.83 £91.19 £27.84 £405.00 £64.06 £755.00 £98,117.46 £64.06 £755.00 £95,046.77 The Fellowship owns the church building which is insured for £1,433,982 (25126) The Fellowship owns the contents within the building which are insured for £159.009 The sums insured on Buildings are increased annually under index-linking by our insurers. Approved by the Trustees and signed on their behalf bi. Date Ilq)2 INCOME 2024125 2023124 Offerings Gift Aid standing orders Gift Aid cash & cheques Gift Aid Tax recovered Other general incomes 100 110 115 120 125 £4,902.60 £65,416.00 £2,320.00 £15.162.84 £9,758.70 £3,493.25 £56,588.00 £3,385.00 £13,729.08 £9,425.52 Romanian Church (Rent) Office 135 150 £6.424.50 £5,720.75 Special events ( l ) Church Weekend Rebate under Gas Account Sunday School Little Angels 171 172 225 250 260 300 305 £710.00 £2,302.00 £913.49 £27.84 £63.35 For India £690.00 £300.00 Christmas Appeal Footwise 315 320 325 330 340 £1,445.00 £1,762.75 £860.00 £1,911.00 £1,220.00 £0.00 £1,180.00 £0.00 H￿dshIp f. und TOTAL GENERAL INCOME £112.177.74 £97.533.93 TOTAL GENERAL EXPENDITURE from pag¢ 6 £109,028.70 £110,445,52 Net surplusl(deficit) of income less expenditure £3.149.04 -£12,91 l.59 { l ) Jonathan Veira Concert EXPENDITURE 2024ll5 2023124 Wages & Salaries HM Revenue & Customs Pastor Expenses Pulpit Supply Pension Contributions Other General Expenses Audio video equipment Office 500 505 510 515 520 525 545 550 £33,744.98 £8,927.56 £894.43 £500.00 £3,042.45 £6.821.34 £1.674.78 £606.84 £30,943.83 £9,865.45 £300.74 £ioo.00 £2,980.35 £3,093.61 £1,325.60 £664.08 General catering: food Special events: food Church Weekend: food General catering: non food Jonathan Veira Concert Church Weekend: non food 560 561 562 570 571 572 £1,318.96 £112.35 £505.47 £366.51 £1,239.20 £6,036.71 £1,710.51 £40.00 £673.48 £913.91 £0.00 £0.00 Buildings". Maintenance Buildings: Inspections Buildings: Infrastructure Banners & Decor 600 605 610 620 £5,160.84 £846.80 £1,377.78 £3,656.52 £438.80 £2,127.94 £181.05 Cleaning (Materials) Utilities -see detail sheet Insurance 615 625 635 £165.70 £10,287.41 £2,863.85 £217.20 £10,134.75 £2,820.61 Sunday School Youth Fellowship Little Angels 650 655 660 £922.89 £0.00 £250.16 £709.99 £0.00 £165.55 Missionary support India 700 705 £4,812.00 £2,920.00 £24,122.76 £1,620.00 Donations - see detail sheet Footwise Studv Guides 715 720 725 730 Hardship Fund 735 TOTAL GENERAL EXPENDITURE £9,110.00 £419.69 £0.00 £4,100.00 £0.00 £109,028.70 £6,960.00 £320.23 £43.56 £3,900.00 £415.00 £110,445.52 ## **Notes to the Accounts** ## **Expenditure - Analysis** |**Donations**
Christmas Appeal from collections (1)
Teen Ranch Show
CAP Debt Centre (monthly giving)
Perth High School (Teenage Cancer)
Evangelical Alliance
**Missionary Support - India**
Bangalore School
OM India monthly giving
Gifts to Rajenderen (incl member donation)
**Missionary Support - (Other)**
Mwana Ministries
Operation Mobilisation
(MAF)
Veterans Chaplaincy
)
(single donation)
monthly giving (3)
**Office Expenses -**
**Items over £50**
Photocopier (rent, finance &
usage costs)|**2024/25**
£2,890.00
£100.00
£600.00
£120.00
£3,710.00
£1,080.00
£540.00
£1,300.00
£2,920.00
£2,112.00
£2,400.00
£0.00
£2,400.00
£2,400.00
£300.00
£9,612.00
£3,600.00
£3,600.00
£594.53|**2023/24**
£860.00
£100.00
£600.00
£200.00
£120.00| |---|---|---| |||£1,880.00
£1,080.00
£540.00| |||£1,620.00
£2,112.00
£2,400.00
£200.00
£2,400.00
£2,400.00| |||£9,512.00
£3,900.00| |||£3,900.00
£656.10| ## **Expenditure - Analysis** |**Office Expenses -**
**Items over £50**
Photocopier (rent, finance &
usage costs)
Audio & Video Equipmeent
Major Items >£100
Audio Eqpt. A.V. System
**Other General Expenditure -**
Items over £200
C.C.L.I. (Copyright Licence)
Software Licence
Fire Risk Assessment
Furniture & Equipment
Prayer Room Refurbishment
Legal Services (SCIO Investigation)
Outside Sign
PAT Testing
**Gas, Electicity, Telephone**
Gas
Electric
Telephone/Broadband
Notes
(1) Christmas Appeal
Includes £1,445 from church funds|**2024/25**
£594.53
£1,275.78
£959.48
£259.00
£292.80
£300.00
£1,428.58
£1,870.80
£552.00
£354.00
£6,780.00
£2,905.67
£601.74
£10,287.41
Tear Fund|**2023/24**
£656.10
£521.74
£910.10
£312.00
£292.80
£7,431.00
£2,278.87
£424.88| |---|---|---| |||£10,134.75
International
Nepal Fellowhip|