REGISTERED CHARITY NUMBER: SC013215 ## Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2024 for The Reformed Presbyterian Church of Scotland McDougall Johnstone Limited 280a St Vincent Street Glasgow G2 5RL The Reformed Presbyterian Church of Scotland ## Contents of the Financial Statements for the Year Ended 31 December 2024 |||Page|| |---|---|---|---| |Report of the Trustees|1|to|2| |Independent Examiner's Report||3|| |Statement of Financial Activities||4|| |Balance Sheet||5|| |Notes to the Financial Statements|6|to|10| |Detailed Statement of Financial Activities||11|| The Reformed Presbyterian Church of Scotland Report of the Trustees for the Year Ended 31 December 2024 The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019). ## OBJECTIVES AND ACTIVITIES ## Objectives and activities To promote the advancement of religion and to oversee the activities and witness of the local Churches and overrule on ecclesiastical matters. Presbytery is also responsible for the appointment of its ministers, provision of pensions for its ministers and to encourage the local Churches in their work and witness within their respective communities. ## ACHIEVEMENTS AND PERFORMANCE ## Achievements The Presbytery provided guidance to the congregations within the presbytery ( Airdrie, Edinburgh, Glasgow, Stranraer, Stornoway and Brikama) on matters of faith, financial governance,social matters and involvement in their local communities. It is presbytery policy to visit one congregation each year in order to oversee more effectively the spiritual oversight of the congregation. ## FINANCIAL REVIEW ## Income The main income in the year was from offerings and donations received on behalf of those Churches which had not yet achieved financial autonomy, church support, rents received and minimal savings interest. Expenditure consisted of the running cost of the Presbytery and also cost incurred on behalf of those Churches which had not yet achieved financial autonomy. A deficit of £5,643 was returned compared to a deficit of £5,339 for 2023. ## Reserves The Presbytery is responsible for providing direct pensions to certain retired Ministers and also for funding the planting of new Churches and training ministerial students. The Presbytery considers it necessary to hold reserves to cover its ongoing responsibilities in these fields. Reserves held at 31 December, 2024 were £222,064. ## Going concern There are no material uncertainties about the charity's ability to continue. ## STRUCTURE, GOVERNANCE AND MANAGEMENT ## Presbytery It is the duty of Presbytery to deliberate and rule on all matters affecting the doctrine, discipline,government and worship of the Church. Presbytery also has a duty to oversee the welfare of all congregations within its bounds and to seek the growth of the Church through the establishing of new congregations in Scotland. Oversight and faithful Biblical stewardship of its finances are also within the remit of Presbytery. Presbytery consists of the Ministers of congregations within its bounds, retired Ministers and a representative Elder nominated by each of the Sessions to serve on their behalf on Presbytery. ## Congregations and Sessions Each local Church is governed by Sessions made up of Elders and the Minister. Session is responsible for all organisational aspects of the work of the Church within the congregation, with the congregation being fully autonomous with regards to it's finances and property. The Session is responsible for the spiritual oversight and through a Committee of Deacons elected by the congregation for attending to the material needs of the congregation. The congregation is responsible to its Session. The congregation is responsible for the witness of the Church in the local community. ## REFERENCE AND ADMINISTRATIVE DETAILS ## Registered Charity number SC013215 ## Principal address Page 1 The Reformed Presbyterian Church of Scotland Report of the Trustees for the Year Ended 31 December 2024 ## Trustees Independent Examiner McDougall Johnstone Limited 280a St Vincent Street Glasgow G2 5RL Approved by order of the board of trustees on ............................................. and signed on its behalf by: 26 September 2025 Page 2 F.xaminLr's R¢ rt TIIL RLformed Presb ierian Chur¢li IndeptDdtnl ¢ximiner'g rnport lo thi tru5tcts of'l'he Reformtd Prt8byitriAn ChU￿h ofs¢otlAnd I r¢w)rt lo lh¢ Gharity Iru%lees on my examinaii¢)n of the accounts of Th¢ R¢funned pr¢sby￿rIs￿ Chiireh of S¢olland Ilhc Trust) for th¢ y¢3r end¢d 31 1)L'tLiiibcr 2024. Re8ponAkbililic8 %Thd basis of report A.$ Ihe Lharily IruNILL4 of Ihi Tru%1 you ar¢ r¢¥ix)ngible fthr Ihe preparllii4)n of the accounts in accoi'dan¢¥ wilh lh¢ requirements of the r¢wrt r¢sp¢¢I nl-rny examinalii?n ufilie Trust'% a￿ lliBILI'iMI res￿¢(.. aCL4)unliNg reu)rd% M*r¢ not klpi in rL.%pecl nfihe Trust a% required by Section 130 ofihe A¢1; or thc JLLi>unis do iiiii iiw)rd willi Ih()s¥ r¥uird%: or Iht ac¢ounts do not coinplv ivith the applic8bl< reiuiren*nis conc¢rnin8 the f(>rm at)d ci>nlent of accounts Sei oui in Ihe Chari11¢5 m8ll¢r CUAsideitd pail of an independ¢nl gxaminalion. havc no conc¢rns tsnd h￿v¢ coin¢ a¢ro%s oiher nialtcrs in ¢onne¢iioii wilh lh¢ ¢xamin&lioii ts) wliicli ai*ntion should drawn in (his rcpi)11 in i)r¢l¢r iii eiiabll A priiper Iinder%lundiii¥ uf Ili¢ iL¢oiints to b¢ I'4u¥h¥d. 280a si Vincenl Sireei GlasgL)w G2 SRI. Dale.. Page 3 The Reformed Presbyterian Church of Scotland ## Statement of Financial Activities ## for the Year Ended 31 December 2024 |2024
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
153,876
Investment income
2
7,962
Total
161,838
EXPENDITURE ON
Charitable activities
Charitable Activities
164,238
Governance Costs
1,600
Investment management costs
1,643
Total
167,481
NET INCOME/(EXPENDITURE)
(5,643)
RECONCILIATION OF FUNDS
Total funds brought forward
227,707
TOTAL FUNDS CARRIED FORWARD
222,064|2023
Total
funds
£
145,600
8,135
153,735
155,516
1,600
1,958
159,074
(5,339)
233,046
227,707| |---|---| The notes form part of these financial statements Page 4 The Reformed Presbyterian Church of Scotland ## Balance Sheet ## 31 December 2024 |2024
Unrestricted
fund
Notes
£
FIXED ASSETS
Investment property
7
129,982
CURRENT ASSETS
Debtors
8
22,692
Cash at bank
129,013
151,705
CREDITORS
Amounts falling due within one year
9
(59,623)
NET CURRENT ASSETS
92,082
TOTAL ASSETS LESS CURRENT LIABILITIES
222,064
NET ASSETS
222,064
FUNDS
10
Unrestricted funds
222,064
TOTAL FUNDS
222,064|2023
Total
funds
£
114,470
13,063
157,661
170,724
(57,487)
113,237
227,707
227,707
227,707
227,707| |---|---| The financial statements were approved by the Board of Trustees and authorised for issue on ........ ..... .. ..... ...... ....... ...... 26 September 2025 and were signed on its behalf by: The notes form part of these financial statements Page 5 The Reformed Presbyterian Church of Scotland Notes to the Financial Statements for the Year Ended 31 December 2024 ## 1. ACCOUNTING POLICIES ## Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## Investment property Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities. ## Taxation The charity is exempt from tax on its charitable activities. ## Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## Hire purchase and leasing commitments Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. ## Pension costs and other post-retirement benefits The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## 2. INVESTMENT INCOME |INVESTMENT INCOME||| |---|---|---| ||2024|2023| ||£|£| |Investment Properties Income|7,896|7,666| |Bank Interest Received|66|469| ||7,962|8,135| Page 6 The Reformed Presbyterian Church of Scotland Notes to the Financial Statements - continued for the Year Ended 31 December 2024 ## 3. AUDITORS' REMUNERATION |AUDITORS' REMUNERATION||| |---|---|---| ||2024|2023| ||£|£| |Fees payable to the charity's auditors for the audit of the charity's financial statements|1,600|1,600| ## 4. TRUSTEES' REMUNERATION AND BENEFITS There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. ## Trustees' expenses There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. ## 5. STAFF COSTS |Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
Total staff
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
Total
EXPENDITURE ON
Charitable activities
Charitable Activities
Governance Costs
Investment management costs
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward|2024
2023
£
£
123,216
114,930
14,461
12,487
137,677
127,417
2024
2023
3
3
Unrestricted
fund
£
145,600
8,135
153,735
155,516
1,600
1,958
159,074
(5,339)
233,046| |---|---| ## 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Page 7 The Reformed Presbyterian Church of Scotland Notes to the Financial Statements - continued for the Year Ended 31 December 2024 ## 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |||||Unrestricted| |---|---|---|---|---| |||||fund| |||||£| ||TOTAL FUNDS CARRIED FORWARD|||227,707| |7.|INVESTMENT PROPERTY|||| |||||£| ||FAIR VALUE|||| ||At 1 January 2024|||114,470| ||Additions|||15,512| ||At 31 December 2024|||129,982| ||NET BOOK VALUE|||| ||At 31 December 2024|||129,982| ||At 31 December 2023|||114,470| |8.|DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||| ||||2024|2023| ||||£|£| ||Prepayments and accrued income||22,692|13,063| |9.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||| ||||2024|2023| ||||£|£| ||Other creditors||59,623|57,487| |10.|MOVEMENT IN FUNDS|||| ||||Net|| ||||movement|At| |||At 1.1.24|in funds|31.12.24| |||£|£|£| ||Unrestricted funds|||| ||General fund|227,707|(5,643)|222,064| ||TOTAL FUNDS|227,707|(5,643)|222,064| ||Net movement in funds, included in the above are as follows:|||| |||Incoming|Resources|Movement| |||resources|expended|in funds| |||£|£|£| ||Unrestricted funds|||| ||General fund|161,838|(167,481)|(5,643)| ||TOTAL FUNDS|161,838|(167,481)|(5,643)| Page 8 The Reformed Presbyterian Church of Scotland Notes to the Financial Statements - continued for the Year Ended 31 December 2024 ## 10. MOVEMENT IN FUNDS - continued Comparatives for movement in funds ||Net|| |---|---|---| ||movement|At| |At 1.1.23|in funds|31.12.23| |£|£|£| |Unrestricted funds||| |General fund
233,046|(5,339)|227,707| |TOTAL FUNDS
233,046|(5,339)|227,707| |Comparative net movement in funds, included in the above are as follows:||| |Incoming|Resources|Movement| |resources|expended|in funds| |£|£|£| |Unrestricted funds||| |General fund
153,735|(159,074)|(5,339)| |TOTAL FUNDS
153,735|(159,074)|(5,339)| |A current year 12 months and prior year 12 months combined position is as follows:||| ||Net|| ||movement|At| |At 1.1.23|in funds|31.12.24| |£|£|£| |Unrestricted funds||| |General fund
233,046|(10,982)|222,064| |TOTAL FUNDS
233,046|(10,982)|222,064| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |Unrestricted funds|||| |General fund|315,573|(326,555)|(10,982)| |TOTAL FUNDS|315,573|(326,555)|(10,982)| Page 9 The Reformed Presbyterian Church of Scotland Notes to the Financial Statements - continued for the Year Ended 31 December 2024 ## 11. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2024. Page 10 The Reformed Presbyterian Church of Scotland ## Detailed Statement of Financial Activities for the Year Ended 31 December 2024 |Detailed Statement of Financial Activities
for the Year Ended 31 December 2024||| |---|---|---| ||2024|2023| ||£|£| |INCOME AND ENDOWMENTS||| |Donations and legacies||| |Donations|153,876|145,600| |Investment income||| |Investment Properties Income|7,896|7,666| |Bank Interest Received|66|469| ||7,962|8,135| |Total incoming resources|161,838|153,735| |EXPENDITURE||| |Charitable activities||| |Wages|123,216|114,930| |Pensions|14,461|12,487| |Travelling Expenses|6,499|4,457| |Minister Expenses|8,584|7,575| |Seminary Costs|41|41| |Office costs|3,087|4,017| |Sundries|4,438|5,880| |Gifts & Charitable Giving|3,912|6,129| ||164,238|155,516| |Support costs||| |Management||| |Property repairs & maintenance|1,643|1,958| |Governance costs||| |Auditors' remuneration|1,600|1,600| |Total resources expended|167,481|159,074| |Net expenditure|(5,643)|(5,339)| This page does not form part of the statutory financial statements Page 11