Company registratlon numbor SC335480 Iscotlandl Charfty règlstratlon number SC006960 STRUTHERS MEMORIAL CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
STRUTHERS MEMORIAL CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Trusteetr Mrs Dlana RLtth&rford (Chairperson) Mr Stephen Beath Mr Mark Kt'rk Miss Elaine MacDonald MTS Jennrfer Offord Mr Graham Rulh8rf0rd Mr Gareth W8tkSns Comparry nUmr SG335480 (Scotland) Charfty numb9r SC006960 Roghtered offlce 33 West Sltswart Slr8gt Grtsenock Renfrewshir6 PA15 1SH Audltor Kendall Wadley LLP Granta Lodge 71 Graham Road Malvem WorcgstershSre WR14 2JS Bankèrn Irgin Money PLC 177 Bothwell Street Glasgow G2 7ER Klngdom Bank Media Hou8e Padge Road Beeston Nottingham NG9 2RS Sollcltors Pallen & Prenllce 2 Ardgowan Squar& Greenock PA16 8PP
STRUTHERS MEMORIAL CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Current Itnanclal year Unrestrfctsd Unrestrlcted funds funds general Designatsd 2026 2025 Restrlcted fund8 Totsl Total 2025 2026 2024 Not9$ Income and endovmients from". Donations and legacies Chari 6 aclii Schaol Churches and other 443.e67 37.868 12,790 494,125 525.748 272,030 34,134 13,797 13,797 Olhertradlng actlvlues Investments Other income 1,642 11,542 60,810 10,684 29,891 8,557 60,810 Total Incomo 528.174 39.310 12,790 580,274 881.044 Expenditure on: Raising fund8 345 School Churchas and other 7,495 377.932 7.495 .1 411,473 753,973 440,475 19,570 13,971 Totsl charllablg &XPgndltyrn 385.427 19.570 13.971 418,968 1,194.448 Total expondlturo 385,427 19,570 13,971 41e.968 1,194,793 Net gains on investments 10 270,000 N9t Incomg1{gxpondlturel 142,747 19,740 (1,1811 161,308 (43,7491 Transfors betsveen funds 14 12311 (950} 1,181 othor rg¢ognl$ed galns and 1088es: Rev8lualion of tangible fixed assets 13f.323 Not movgmont itt funds 142,518 18,790 161,306 87.574 Reconclllatton of fund8: Fund balances at l January 2025 2,625,447 6,486 2,631.933 2,5H.359 Fund balancas at 310ocember 2025 2,767,963 25.276 2,793,239 2.631,933 15
STRUTHERS MEMORIAL CHURCH STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Prlor ftnanclal year Unrostrlctod Unrostrtctgd funds funds general Designated 2024 2024 R99tr1cted fundg Total 2024 2024 Notes In¢omo and frndowmonts from: Donallons and leg8¢les 407,022 11,265 107,461 525,748 School Churches and other 272,030 34,134 272.030 34,134 OthartradSng act111&$ Investments Other Incorne 10,684 25,152 8,557 10,684 29,891 8,557 4,739 Totsl Income. 757.579 16,004 107,481 881.044 ExndItr$ on: Raislng funds School Churches and other 345 649,925 431,262 345 753,973 440.475 1 104,048 .3.413 5.800 Totsl expenditure 1,081,532 5.800 107,461 1.194.793 Nel gains on investrnents 270,000 270,000 Net in¢omel{expenditure} 153,9531 10,204 (43,7491 Transfers b8twe8n fund8 14 3,718 (3,7181 0th9r ro¢¢gnl8•d galns and10$898.' Rev8lualion of tangible flxed assets 131,323 131,323 Net movemgnt In fund$ 81.088 0,486 87,574 Reconclllallon of fund¥: Fund balan at 1 January 2024 2,544,359 2,S44,359 Fund balanoos at 31 D9cembgr 2024 2,625,447 8,486 2,631,933 18-
STRUTHERS MEMORIAL CHURCH BALANCE SHEET ASAT31 DECEMOER 2025 2Q2& 2024 Notes Flxod assets TanQiblB 86s618 Investment ProPOty 1,134,248 1,191,592 1.26Q,OOQ 2,394,246 2,451,592 Curraht'assèts Debtors Inv8slmetht8 Cash al bankand In hand 21,605 17.013 309,482 175,3f3 421,381 192,376 Crodltors: amounts falling dup wlthin one year 20 {22.388) 111035) Net ¢urrent a3s0t8 398.993 180,341 Totat net a$¢¢lg 2,79S.299 2,631.933 ThF4 funiJ$ of thÉT Charlty Unrestrloted fund8- genérdl Unréstyictsd funsJs- Dssisnatèd Z,787,983 2,¥25.447 8,4È8 2,793,239 2,6SI,933 The9& Iln?ncfal 81atements ¢ve bqétt prepared In aQCOWanttg wtth thè provt8Ton$ 8PPllcablo to ¢¢n)path"e¥ ¥uth l&the small companles reglme. Thè flktaneial 8tareMehl8 Wer8 appruwed ty IhéTrusleéa oh 12 Marth 2028 Mr G Ruthoiford Trustaè G Offord a$ut8r
STRUTHERS MEMORIAL CHURCH STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Notes Cash flow8 from operattng acuvltl Cash generated fromllabsorbed by) operallons 26 167,396 {265,0281 Inve8tlng actlv5ttes Purchase of langlble f&d assets Sale of tanglblo fixed assot$ Inv&slmènl Sncomg ¥0celve(I 13,8531 50,380 29,891 80,810 Ngt cash goneratsd from Invg8tlng actEvEtIo$ 56,957 80,271 Not cash generated from flnanclng actlvltle8 Net Incraa$•lldo¢r•as81 In cash and ¢ash equlvalonts 224,353 1184,757) Cash and cash equivalpnls at beginning of year 175,363 360,120 Cash and ¢a$h wulval•nts at •nd of year 399.718 175.363 Relatlng to,. Cash al bank and in hand Short term deposits induded in vjrrenl ass81 Inveslm&nl8 309,482 175,363 90,234 18-
STRUTHERS MEMORIAL CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Ac¢ountlng pollcles Charity infomiatlon Slrulhers Memorial Church Is a prtvalg Company limited by guarantee incorporated in SCoand and a Charity registered In Scotland. The registered offi(% is 33 Wesl Stewart Street, Greenock, Renfrewshlrg, PA15 1 SH. 1.1 Basis of preparatlon The finan¢lal slaleménls hava been prepared in accordance with the Charlty's govamlng document, the Companies Act 2006 th& Charllles and Trustee Investment (Scollandl Act 2005, th8 Charities Accounts {Scollandl Regulations 2006, FRS 102 The Financial Reporting Sl3ndard 8ppli¢abla IN the UK and Republi¢ of Ireland and the Charities SORP Accounting and Reporting by CharMe¥.' Statement of Recommended PractSc& applicablo lo ¢harilles preparfng their accounts in accordance with the Flnancial Reportlng Standard applicable in the UK and Republic of Ireland IFRS 102}. The CharY Is a Public Benefit Entity as thfined by FRS 102. The ffnancial slalem8nls are prepared in sterling, which is the fun¢tlonal currency of the Charty. Monetary amounts in these financial statements are rounded to the nearest £. The financlal statements have been prepared under the hlstorlcal cost convention modilted lo include Investment properties and certain financial instruments at fair value. Th& princlpal accounting polirAes adopted are 88t out below. 1.2 Golng concern Al the lime of appro)ving the finaniaal stalemenls, the Trustees have a reasonable expectation that the Ctiarlty has Adequate resources lo continue In operational existnce for the foreseeable future and that there arg no malerlal uncortainljes about ils ability lo conllnue. Thus the Truste85 continue lo adopt Ihg goln9 concern basis of accounllng In preparing the financlal stalemonls. 12 Charltable fundB UnreslrlGted fund8 8r8 avallabl8 for use at the dlscrotion of the Trustees In furthaianca of thelr charftsblo oble¢tive$. Deslgnated funds are unreslrycted funds of the charity which the Irusl&88 hav8 d8cld&d al Ihelr discrouon to set aside to U56 for a 8pecffic purpose. Restred funds ar9 subjeal lo speafic conditions by donors or gTantor8 88 to how Ihey may be used. The purposes and u8è8 of tha re81rict6d fund8 are set out In the notes to the ffnancial stal8ments. 1.4 Income Offedngs, donallons and incom& tax recovery is induded in the yaar in whlch It Is rec8ivabl&, wlich is when the Charity becomes enlllled to the income, il is probabla that il will be received and the amount bo moasurod reliably. Income from school fees represents lts0n fees recelved in raspect of children attendlng Ce(Jars School In the financ481 year. Incom8 from conferenee8 13 included in the year In which il is receivable, which is when the charftabl& company becomes enlilled to the income, it 15 probable that It will bè racelved and the amount can b8 m8asurè(t rellably. Income from the book and coffee shop inTr)me represents the other Iradlng acllvltf88 whlch 1$ Induded In the year in whith il is recelvable. Investment Income comprls&s ¥ental Income recelved from inv8Stmenl propertl88 and bank Interest. Income from all inveslrnenls is included in the year in which il Is receivable. 19-
STRUTHERS MEMORIAL CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2025 Aceountlng policies IContlnu8d) Legacles are recognised on re¢elpl or olherw18e if the Charity has been notlfied of an impending dislribulion, the amount Is known, and racelpt is expected. If the arnounl Is not known, the legaoy is treated as a conlingenl asso1. 1.5 Expandlturo Expenditure is r6rx)gnlsed onc8 thora 18 a lagal or conslructlve obligallon lo transfer economlc benefit lo a third party,11 is probabla that a transfer of economic benefits will bg requlred in settlement, and th¢ amount ot the obllgatlon can b6 measured reliably. Expendlture is csSIfied by actNity. Th8 costs of each acllwty are mado up of the lolal of dlrect ¢08ts and shared costs, Induding support oosts Invofved In undertaklng each activity. Dirèct costs altributaNe to a single activity are allocated directly lo that acllvity. Shared costs whlch oonlrfbule lo more than one actlvity and support costs whlch are not attributable lo a single activity ara apportloned behveen those activth8s on a basis ¢onsSslenl with the use of ie80Ltrces. 1.6 Tanglble fixed assets Tanglble fixed assets costing £1,500 or more are capllallsed. Tangible flxad assets are Initially maasure.d al cost and subsequently measured at CO8t or valuation, net ol , depreualion and any Impaim)ènl ltssses. DepTeclatlon Is recognlsed $0 as to wt%ie off th8 cost or valuation of assels188s Ihelr re8lduaJ values over their useful Ilves on the followlng base5'. Froehold propèrty Improvements to property Fixtures and lllllngs Compulgrs 20A on w8t qOQh on cost 15Q/o on cost 500k on cost and 25Qh on (x)sl Thg galn or1088 arfslng on the disposal of an asset Is d81ermln8d 88 the dlfference beiween tho sale proceeds and the cartwng value of the asset, and is recognlsod In the statement of Inanclal actlvllla8. 1.7 Invéstment proporty Investment property is shown al most recent valuallon. Any aggregat6 surplus or deflcil aTising from changes in fair value is rocognlsod In the Stslemenl of Financial Actlvllies. 1.8 Impalmient of fixed a#gets Al each reportlnu end dale, the Charity reviews the carrylng amounts of ils tangible assets to delamine wh8lher there Is any indicatlon that those assets have suffered an impairmént loss. If any such IndatiOn exists, the recorabl& amount of the asset is eslrnaled In order to determine the ext8nl of the impairment loss lif any). 1.9 Cash and cash oqulvalants Cash and cgsh equlvalen18 include cash In hand. deposits held al call wkth banks and other short-temi liquid invaslmonts wllh orlginal malurllie8 of thre& months or less. -20-
STRUTHERS MEMORIAL CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Ac¢ounlng pollcle$ Icorttlnugdl 1.10 Flnanclal Instruments The Charlty has e1ocl8d lo apply the provisions of Section 11 '8asic Flnan¢lal Inslrumonts. and Section 12 'Other Financial In51rumenls Issues, of FRS 102 to all of ils financial instruments. Flnancial instruments are recognisad In the ChaTity's balance sheat when th& Charity becomes party lo tho contractual pro$¢On$ of th6 instrumanL F5nanclal assets artd liabiliti68 are offset, with the net amounts presented in the finanaal 8talem6nls, whon the Is a lègally enforceabl8 right to set off the recognised amount8 and there is an intention to settle on a net basls or lo roallse the as8&1 and settle the liability simultaneously. Basi¢ fvnan¢1a1Sèts Basic financial assets, which indude debtors and cash and bank balances, ar¢ initially measured at transaction price Including transaction 918 and aro subsequendy carried al amortlsed cost uslng the effectlve interest method unless the arrangement con8tilutes a financing Iransaotion, wher8 the tranSacOn is measured at tho present value of the future receipts di8Unted al a m8rk61 rate of interest. FinanrAal assets classified as re¢sivable within one year are not amortised. Baslc flnanclal liabllilies .Basic financial Ilabilitses, Induding ¢redi19rs are Inlllalty rgcounlsgd al transaction prics unless the .arrangemenl conslilules a financing transaction, where the debt inslrumont is measured al the present value ,gf the future payments discounted al a market rale of Inleresl.'Finwcial tiabllllles classifled as payable within 'one year are not amortised. 08bl instruments are subsequently trdrried at amorused cost, uslng the effeotSve Interest rale method. Trade L¥editors ara obllgatlons lo pay lor goods or servlce$ that have been acqulred In tha ordlnsry course of operations from 8uppli8r8. Amounts payable ale classified 8$ ¢urrenl liabllilies if payment is due within one year or loss. If not, they are presented as non.currenl Ilabilllles. Trade ¢redllors are recognised Inillally al Iransacllon prtco and subsequently Measured al arnortised cost uslng the effectlve Interest method. Dern¢o9nltlon of flnanclal Ilabllltifrs Financial118bllltios arg derocognlsgd when the Charity's contractual obligations expire or aro discharged er ¢ancdled. 1.11 Employee benefits The cost of any unused holiday enlll8m8nl18 recogni88d In tho perfod In whlch tha amploye8'8 8&rvlces are re¢alv8d. Temilnatlon benefits are r8cognl88d Immediately 88 an expense when tho Charfty Is d6monslrably commltted to terminala the employmonl of an 6mployg8 or to provide lemlnaUon benefits. 1.12 Retlrement beneflts Payments to definad contribution retirement benefft sch&mè8 are charged a8 an oxpense as they fall due. 21
STRUTHERS MEMORIAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Crltl¢o1 ae¢ouDtlng eytimatss and judgements In th8 appllcallon of the Charity's accountSng poli¢ies, the Trustees are requlred to make Judgements, esllmates and assumptions about the earrylng amount of assets and liabilitles that ara not readlly apparent from other sources. The 6$11males and associalgd assumptions are based on hislorfcal axparlence and other faclors that ar& conslderèd to b& relevant. Actual results may dlffer from (h680 6slimalas. The esllmates and underlying assumpuons are r@vlewed on an ongoing basls. Revlsions to acoounllng slirnales are recognised in the pertod in whl¢h tha asllmala Is revised where the r&vision affoots lY that perlod, or in the period of the re$lon and future perlods where the revTsion actS both cumnl and future periods. -22-
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STRUTHERS MEMORIAL CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Incomg from chaTrqtsblg 4Ctlvltlo$ Unrgstrlct•d Unrèstri¢tsd funds fund$ 2025 2024 Sehotsl School fees 272.030 Chur¢he8 and othèr conferen income 13.797 34,134 13,797 306,184 Income from other tradlng acttvltlos Unrestricted Unrestricted funds funds g•norn1 Doslgnatgd 2026 2025 Tolal Unro$tricted Unrestrictsd funds fund$ gongrnl De8lgnatsd 2024 2024 Total 21Y25 2024 Fundralslng ev8nl$ Sponsorshlp5 Other Income 2,291 2.291 9,919 765 9.919 765 7,609 1,642 9,251 Other trading 001Swtias 9,900 1,842 11.542 10,684 10,684 Income from Investsnents Unrè8trlcted UnrestrlGted funds fundg general Designated 2025 2025 Totsl Unr08trlctsd Unrestrlctsd funds tunds general Designatsd 2024 2024 Total 2025 2024 Rental Incom8 Interest recglvable 58,340 2,470 58.340 2.470 25,152 4,739 29,891 60,810 60.810 25,152 4,739 29,891 -24-
STRUTHERS MEMORIAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Expendlture on ralslng lund$ Unrastrictsd Unro8trlct•d funds fund$ 2025 2024 Ral8lng donatlons and19gacle$ Fundralslng costs 345 Exp9ndItu on charitable activtttes School chuh¢S and other 2025 Totsl SGhool Churches and other 2024 Totsl 2025 2025 2024 2024 Dlrect Costs Staff costs Book and coffee 8hop purchases Conference exp8n8e8 Gift3 and donations 20,476 20,476 604.773 89,726 894,499 8,166 51,943 40,884 8,186 51,943 40,884 31.704 44,729 31.704 44,729 96,909 96,909 604,773 190,719 795,492 Share of$upport and govemancg coBts1890 rtots 9} Support 7,495 309,914 Governance 4,650 317,409 4,650 146.075 3.125 248.631 3.125 392,706 6,250 7,495 411,473 418,968 753,973 440,475 1,194,448 Analy51s by fund Unrestricted funds- general UnreslrfrAed funds- Designatsd Restrfcled funds 7.495 377,932 385,427 649.925 431.262 1.081,187 19.570 13.S71 19,570 13,971 5,800 3,413 5,800 107,461 104,048 7,495 411,473 418,968 753,973 440,475 1.194,448 -28-
STRUTHERS MEMORIAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2025 Support costs allocated to actlvltlos School Churchès and oth&r 2025 Totsl Totsl 2025 2025 2024 Depreclafjon Rates and Insurance Electrlclty, gas and walor Telephone and postage Repairs and maintenance Travel and Ir8nsport Professional fees and bank charges Hire of halls and outreach Advertising, 51atlonery. pholowpylng and sundry èxpenses Youth and Sunday school oxpens&s School activilias Audltorsl remuneration 61,199 52,929 47,113 3,673 100,919 1,435 15,475 4.800 61,199 49,199 49,581 4,115 108.597 1.435 17,407 4,800 61,646 58.169 74,599 8,334 63,431 23,274 21,177 4,083 {3.730} 2.468 442 5,678 1,932 705 19.495 3.07e 20,200 3,076 30,140 3,540 44,313 6,250 4,6FO 4,650 7,495 314,564 322,059 398,956 2025 2024 Governance costs comprT8e'. Audm f88s 4,850 6,250 4,650 6,250 Payrnenls to the Auditors wmpri$e of £4,650 12024.. £6,250} for audr( and £3,750 {2024'. £4,550) for th& prepaTallon of the slatulory finan stalemenls. 10 Galns and1098o¥ on Investsnonts Unrostrlcted Unrestrfctsd fundg funds 2025 2024 GalnsllI085es} arfBlng on.. Sale of Investments 270.000 11 Tru8tO88 Non8 of the Trustèes rèceived remuneration, nor were r&imburs&d &xpen8es for roles within the Charity, {2024 .. £6,429 to one Trusleé). -26-
STRUTHERS MEMORIAL CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 12 Employ008 Th& average monlhty numb8r of employees during the yearwa8'. 2025 Number 2024 Number Book8hops, s1[ and ¢hurthe8 17 Employmant costs 2025 2024 Waggs 8nd salaries Social security costs other pension cos18 20,476 575,866 35,563 83,070 20,476 694,499 There were no ernployees whoBe annual remuneration wa8 mor8 than £60,000. Remunerntioy of kèy managethent per8onno1 The key management personngl tsf tha Charity eornprise the Trustees, the Minisl&r$ and Treasurers of our various churches, L6ad6rs of Hous8 Groups, and mombers of our Advisory Commillees, all of whom work on a voluntary basis and receive no remuneration. The total employeo benoffils during the .y8ar of those manag&m&nl personnel responsible for the School and A(*rnln functtons of th@ Charity were £nil (2024 £95,881). 13 Taxation The charY Is exempl from taxauon on Its activities because all its incorne 18 applled for charitablo purposes. 14 Tran8for8 Durlng the year £231 was rel&ased fram unrestricted fiJnd$ and £950 from designated funds to cover the shortfall on restrlcted fvnds. In 2024 £3,718 was transferred frorn designated funds to unre8tdcled funds upon con3p1aOn of the playground works. -27-
STRUTHERS MEMORIAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 16 Tangible ffxed assets Fhold Improvomonts FlxtuM and Computer8 property to propoty flttlng8 T¢Jtal Cost At 1 January 2025 Additions Di8posal$ 1,907,884 58.845 262.841 3,853 (209,2651 83,288 2,307.858 3.853 {79,9491 (289.2141 Al 31 Decomber 2025 1,907,884 53,845 57,229 3,339 2,022,297 D•pre¢latlon and Impalm)•nt Al 1 January 2025 Depreciation charged in the year Eliminated in respect of disposals 764,103 38,162 26,923 5,385 243,576 16,455 1209,2651 81.464 1,116.066 1.197 61.199 9.949} 1289,2141 Al 31 December 2025 802,285 82.308 50,766 2,712 888.051 Carrylng amount Al 31 Dmber 2025 1,105,619 21,537 827 1.134,246 ?Al 31 Dacember 2024 1,143,781 26,922 J 19,065 ' 1,824 1,191,592 16 Invesknent propety 2026 Fair value At l January 2025 and 31 December 2025 1,260,000 Investment properties comprtye of thè followlng.. o residential propertie5 acquired In late 2014 to generate IncA)me in support of the charitable companls a¢fjvllios', the fomer Cedars School bulldlng In Greenock whlch cloged in 2024 and commenced being used as an Investment propety In May 2025. The directors hav& consldered recent valuallons of the two resldenllal propertles and conclude that th9 valuallon of £760,000 Is approprfate. The former 8chool bulldlng ha8 a valualon of £500,000. 17 Financial instruments 2026 2024 Carrylng amount of financlal as88ts In8truments measured al falr value through profll or loss 90,234 -28-
STRUTHERS MEMORIAL CHURCH NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 18 Debtors 2025 2024 Amounts falllng due wlthln one yaar: other debtor8 Prepayments and a¢cruod Income 19,985 1,680 13,113 3,900 21,665 17,013 19 Current asset Investments 2026 2024 Unlisted invesfments 90,234 20 Credltorn,. amounts falllng due wlthln one year 2026 2024 Other taxation and sodal securlty other credltor8 Ac¢rual8 383 13,50U 8,SOS 192, 11.843. 22.388 12,035 21 Restrlcted fvnd8 The restricted funds of the charity Comprise the un8xpended balanc&s of donations and grants hekl on trust subleot lo specific Gondillons by donor8 as to how they may be used. At 1 January 2026 Incoming re$ources Re8our¢e8 expended Transfars At31 December 2025 W6lfar8 fund Llvlng Hope Iskye & Lothalshl Stralhcarron Hospice Alzheimer8 Scotland Scottish Aid to Eastern Europe 8,270 781 1,318 1.021 1,400 19,2321 11,0001 11.3181 {1,0211 (1,4001 219 12,790 {13,9711 1.181 -29-
STRUTHERS MEMORIAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 21 Restrlcted funds Contlnuadl Pr¢viou$ year. At 1 January 2024 Incomlng Ro$ouT¢&$ resoue5 expended Tran$fer8 At31 December 2024 Cedars School Llwng Hope Iskye & Lochalshl Slrathcarron Hospice 104.048 2,143 1,270 1104,0481 12,1431 11,2701 107,461 1107.4611 WelfaTe fvnd- collectlons by Some of our chuiches for paymonts lo famllies in nèed. Living Hope (Skye & Lochalshl - Spa¥1 offodng taken in Cumbemauld for charity wort( iri Kyle of Lochg1$h. Slrathcarron H08plc8 - monies coll8cled from a pop up cafe In the FaIrk Church and passed on lo th8 hospice. Alzhelmars Stland and Scothsh Ald to Ea8tem EuTope - monias co119¢ted durlng services Sn tha Falklrt( Chur¢h and passed on to the Charllias. 22 Unro$trletsd funds- Dèslgnotgd These are unreslrlcted fijnds whlch are malerlal to the charfl8 actlvllies. At l January 2025 Incomlng resour¢o8 R&soureg8 oxp&ndod Tr•nsfern At31 December 2025 The Bulldlng fijnd Welfare fund 5.536 950 39,310 (19.570) 25.276 {9501 8.486 39,310 (19,570) 19501 25,276 Prevlous ygar. At 1 January 2024 Incomlng r•sourceg Resourcas oxpgnd8d Transfor8 At31 DeGember 2024 The Bullding fijnd Welfare fund Playground works 8,096 5,169 4,739 11,580} 14,220} 1,021 5.537 {4,739) 16,004 {5,800) 13.718) 6,486
STRUTHERS MEMORIAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 DECEAIBER 2025 22 Unre8trl¢tgd fvnd$- D&$lgnatod lcontlnuedl Building fund - the directors had funds designatad from spacial offerings and donations to ffnance tha purohase and upgrading of estIng and lulure propertle$. Welfare fund- ¢ollectitsn$ by some of our churches for payments to familres In need. 23 Analysls of net as$gts ba00n funds Unrestricted Unre8trlctsd fund$ fund8 general Dgslgnatsd 2025 2025 Totsl 2025 At 31 December 2026: Tangible assets Investment propeeS Current asselsl(liabililiesl 1,134,248 1,260,000 373,717 1,134,246 1.260,000 398,993 25,276 2,767,963 25,276 2,793,239 Unrestricted Unrestri¢ted funds fvnd$ g•n8ral Deglgnatgd 2024 2024 Total 2024 At 31 December 2024: Tangible assets Investment properties Current assetsllllabilitlesl 1,191,592 1,260,000 173.855 1,191,592 1,260,000 180.341 6,486 2,825,447 6.486 2,631,933 24 Operatlngloase commltmonts Le88•& Al the reporbng end dale the Charlty had outstanding commltmenls for fLrture minimum leas? payrnents under nO[canCellab1a operat(ng leases, which fall du& as follows= 202S 2024 Within one year Between two and five years In overfive years 100 400 1,360 100 400 1.460 1.860 1,960 31
STRUTHERS MEMORIAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 2S Relat p#rty transactlons Therè were no di8clo8able rglalgd party transactions during the current year, however, during the prlor year, a Trustee up lo the end of February, Ghrf8 Jewell, received a salary approved by the Board of Trustees of £5.833 for services as the central treasurer and manager of the Greenock bookshop. The TNsle&s pald no penslon contributions for him. 26 Ca¥h goneratsd fromllab8orbod byl operatlon8 2026 2024 SurplusJldelicltl for the year 181.3 143,7491 Adjustmènts for. Investment income recognised in slalemonl of finandal a¢llvilles GaSn on dlsposal of tangible ffxad ass91s Gain on dlspo$al of investments Depreciation and lrnpairmenl of tsnglble fftxed assets 160,8101 129,8911 (8,1281 1270,0001 61,648 61,199 Movements in working capitsl: Ilncreaselldecraaso In stocks Ilncreas6lld8craase in deblrirs IncTeaselldecreasel I cr¢dilorB (Decrease) in deferred Income 8,166 34,235 11.100) {16.20n 14,6521 10,353 Ca$h generatsd fromllab8orb•d byl operations 167.398 P65,0281 27 Analy$ls of ¢hanggs In net funds The Charity had no material debt during the year. -32-