The Church of Scotland Perth: St Matthew's Church of Scotland st. Matthew's ChCh of Scotland Trustees, Report and Financial Statements For the year ended 31 December 2024 Congregation No: 281683 Seottish Charity Number: SC016829
Perth: St Matthew's Church of Seotland Trustees, Report and Financial Ststements- Year Ended 31 December 2024 CONTENTS Pages Trustees, Report 3-12 Report of the Independent Examiner 13 Statement of Financial Aetivities (Incorpornting Income and Expenditure Account) 14 Balance Sheet 15 Aecounting Polieies 16-17 Notes to the Financial Statements 18-26
Perth: St Matthew'$ Church of Scotland
Year Ended 31 December 2024
Trnstees, Annugl Report
The Trusl¢es present the annual report and financial statements of Perth: St Matthew's Church of Scotland
for the year ended 31 Decimber 2024. The financial aatemcnts have been prepared in accordance with the
accounting policies &$ detailed on pages 16 and 17 and comply with the General A&8emhly Regulation8 for
Congregational Finance. the chariti and Trustee Investment (Scotland) A¢1 2005, the Charities Accounts
(%¢niland) Regiilalions 2006 (as amended) and ilccounting and Rqx)rting by Charitics: Statcmcnt of
Recommendcd Pra¢tice appltcablc to charities prewing their financial slatements in accordanLe with the
FRnancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective frorn I
January 2019"
Objtetives and Activities
Th¢ Church of Scotland ig Triniiarian in doctrine. R¢fornied in tradition and Presbyterian in polity. It exists
li) glorify God and to work for the advane¢rnent of Christ'5 Kingdorn throughout the world. As a national
Church, il acknowledgcs a dlstinctivc call and duty to bring the ordin
Perth: St Matthew's Chureh of Scotland Year End¢d 31 De¢¢mber 2024 Trustees. Annual Report (eontinu¢d) Objectives and Activiti (continu) Worship (eontinued) Worship also takes place in a more informal way. In April 2024 there were IKnt meditations each morning of Holy Week and in December 2024 thcre was a week-long series of Christm&s meditations held in the sanctuary, each led by members of the congregation. Throughoui mosl of 2024 there weTe weekly "Meditations" on a Wednesday morning on Z(K)m led by members of the congregalion. P*stor¥41 and Communieation Members of the Pastoral Care team regularly visited hospita]s and care homes where possible. The P&8t()ral Care team plays a major and imEK)rtant role in keeping in touch with the bereaved, housebound and oth¢rs in need of pastoral care. Th¢ Magazine Editor compiled a Church Newsletter of which around 250 were distributed monthly during 2024 as a way of communicating with the congregation. Chureh Organi$ationy In a<ldilion to worship and pastoral care. the Church has a number of groups that provide an opportunity of service and meeting socially within our buildings. o The Guild of the Church of Scotland Guild, on¢ of Scotland's largcst voluntary organisations, those who attend the Church Guild, which meets fortnightly. aim to fulfil the objectives of invitation, encouragemenL commitment and fellowship which lead to providing opportunities for continutng growth in Christian faith. The Guild lives out these objectives through project work, exploration of discussion topics and a wide variety of meetings and other times of fellowship. o Boys Breakfast Blether - once a month there is an open invitation to all m¢n io meet for fellowship and breakfast in the publrestaurant next door. o The Trlower Group - this group organises flowers for Church each week and is also responsible, in ¢onjunction with the Pasloral Care team, for thc subsequent distribution of these lo members of ihe congregation after the serviLes. This group also took responsibility for the decoration of the Church at Christm&s and for othcr special s¢rvi¢es during 2024. o The .funday Coffee Group - this group operates on a rots b&8is and has organised the serving of coffee, t juice and biscuits to the congregation in the sanctiwy after morning services. Calering Team this team providcs coffee and biscuits and lunches when required to some regular users of the sanctuary and at concerts and events and thus underthkes a ministy of hospitality. Social Group- in 2024 this group organised social and fellowship events including the annual Bums Supper and Pitlochry Theatre outing. Scollish Counlry Dance Club - this group meets on Wednesday evenings from September to April in the main hall and is open to all. o Badminfon Club - this wup meets on Thursday evenings from September to April in the lliain hall and is open to all.
Perth: St Matthew's Church of S¢otland Year Ended 31 Deeember 2024 Trustees, Annual Report (Continued) Obje¢tive5 and Activities (continued) Church OrganisatjODS o Walking Group- this group meets on a monthly b&sis for healthy exercise and fellowship and are part ot RamblcTS UK. o Kni¢ and Siilch - this group meets on a WedneY afternoon in the cafe area over the summer months and is open to all. Warm Spaces - this group opens the sanctuary on Wednesday and Friday afternoons during the winter providing fellowship and activities - particularly for people who look for a warnj spacc when heating their own home becomes difficult. Warni Spaces are part of a city-wide initiative with financial support from Perth and Kinross Council. Following the success of thc previous year, w¢ once again hosled "Warn) Spaces" on a Wednesday and Friday aftcrnoon throughout January, February and March and welcomed 368 pcoplc into our"Warn] Space" There were games afiernoons with carpet bowls, musical events and a variety of very interesting and inforniative tslks on a diverse range of subjects. Uniformed Urganiialiottw - during th¢ week various unifonned organisations associated with the church meet. These are 22nd Perthshire Scouts. Cubs and Beavers, 20th Perth Guides. Brownies and Rainbows and Riverside Explorer Scout Unit. Approximately 150 young people are involved tn these organisations using St Malthew's halls throughout the week. They al80 took part in our Remcmbrancc Sunday service and took part in the amiual Founders and Thinking Day service. Contribution to Mission The church is part of the wider Church of Scotland and is therefore a pan of the wider mission of the national Church. At a local level the congregation participalcs in World Mission in a number of ways. Member% support the work of. amongst others. Christian Aid and Sl. Malthew s Chwch is a membcr of Perth Action of Churches 'I'ogether (PAC'I) and members are involved with various Charities as well &s supportingy Perth & Kinross Foodbank. Christian Aid, Starter Packs, CrossReach. Blythswood Care and Perth Street P&stors. The retiral offerings at Communion and any special offerings at Chrisknas and other times are sent to relevant Charities and details of these are shown at note 13 to the financial statements. Future Mission - Perth Clty Mission Plan The Presbytery Plan for the city of Perth states: St Matthew 5 Church to lake on Po¥loral responsibilityfor Parish ofsi John s Kirk ofPertk To work closely wilh Perih North Church and.gi John s Kirk ofPerth ¢0 minister to ihe needs. ofihe city centre. For restricted .slalus lo be moved io unre.ftricled. Si Maiihew's is localed near lo Si John s Kirk ofPerih. .gi Mauhew's'parish is to be exlended ¢0 lake on more responyibilityfor the city centre. Parish boundaries are lo be adiusled ac¢ordingly. .8¢ Matthew'.s, Si Jc)hn s and Perth North Church to work collaboralively to develop a city cenlre mission. St Maiihew .$ ha.s benefiltedfrom a major inlernal refurbishmenl ihai has greatpotentialfor oulreach io the city centre oJ'Perlh.
Perth: ,St Matthew's Chureh of Seotl%ind Year Ended 31 December 2024 Trustees. ADDual Report (continued) Objectives aDd Activities (continued) Future Mission - Pertb City Mission PlaD (contiDued) During 2024 a working group fivm thc three congregations h&5 been working tOW&a5. A Mission Plan - looking at what others arc doing so thal wc Lan fuLUS gap5 and reini'eni or dupli¢afr what is already bcui¥ done. An application is Ing submitted to the Pr¢sbytery for lijnds to speed up the process by apEK)inting a consultant in the hope ot'drawing up a plan during 2025. We hav¢ also been looking at ways in which the churches can work gether. esplalIY with St John's KITK on pagtoral responsibility for the city ¢¢ntre. Wider Us¢ of Our Buildings The Lhurch provides a "home" for several wider church groups and l(Kal organisalions that meet regularly within the building. Most at¢ noi related to our immediate parish but our location within the city and the quality of our facilities are attractive to them. The halls were fully refurbished a number of years ago as was the sanctuary in 2016. St Matthew's bccornc "homc" to th¢ new Presbytery of Perth's regul4 meeiings as li is a central I(atiOn. Spill th¢ Ijcans, <i ¥rvup whiLh develops worship resources, rcgularly enjoys our central Seolland position, The Rock Choir has mel weekly for several years and Perth Lhotal Society also enjovs St Matthew's as its rehcarsal venue. Perth L 3A, Perth Cjaelic siety and RI'S meet monthly in Si Matthew's and Royal qLnttish Country Dance Society meet wcckly with weekly Yoga sessions alsn being held. There are also a nurnbcr of others who meet regtilxrly. St Matth¢w'$ 13 developing a reputation &8 a cultural centre within Perth. The flexibility of the sanctuary and ils fine QU11L% allraLI Lom own organist ciiiions and Trrforniances. In 2024 there were concerts by, among others, our l ayside Big Band and the Bohemians. The sanctuary was kept open by volunteers on a rota b&sis from April to June providing guided UrS and refreshments lo locals and visitors alike. Oncc agoin a voluntccr t¢aTn and thc Fa¢ilitics ld Oulrea¥h MI(*eT ()rganised a summer fesliNal which lllLludcLi Lxhibition of local artists showing their cralL painting, photography and needlework weekly throughout July and August. In 2024 this lestival also included a weekly eiening concert organised by OUT own Andy Tumbull. St. Matthew's also tk part in the annual Doors Open Day event in September. Our F&eilities and Outreach Manager not only supported the various ev¢nts but organised other events to ensure tILqt the church opens its doors to a widc rangc of pcoplc. Unfortunately. tlic w¥athri r(IrLvd Perth and Kinross Council to cancel th¢ Chrislinas liglils swiILh (x). Tay Street, on which St Matth¢w's is located, is often Us1 for parades and the church h&$ the opportunity to be part of thes¢ event& The letting of the halls and sanctuary also provide5 a useful source of finance. While this income still suffers from the effects of the c.ovid pandemic as certain groups did not restart some new Ex)okings came in 2024 - particularly relaled to the Presbytery for training and other lated Meetings.
Perth: St Matthew's Church of Scotland Year Ended 31 Deeember 2024 Trustees, Annual Report (eontinued) Objectives and Aclivities (continued) Ii is also important to recognise the Contribution of everyone whose work for the Church enables it to function. Beyond the WOTk of the Minister whos¢ contributions are already noted in this report, valuable contributions come from those who receive salaries (facilities and outreach manager, caretaker and organisl) and the arniy of other office bearers, memr8 and volunteers who underlake a wide miscellany of work in the life of the Church. The voluntary contribution to the work is immense but not readily quantifiable in a financial sense. Buildings Physical building work to the exterior of the church and Imlls stsrted in the autumn of 2024 and will continuc until F,aster 2025. Maintenance had nol been a priority during the Covid years and some Temedial work was also required to roofs, walls and steeple. Following thc appointment of Tod and Taylor Archilccts and Morgan Munro, QS in 2023 an application to the Cyeneral Trustees lor grani support resulted in a grant of £170.000 and a loan of £30.000 (which reflect the VAT element and is planned to be repaid through the Government's Listed Places of Worship Scheme). We are very grateful to the General Trustees for their generous support. The General 1'ne¢S also commissioncd a survey of the manse at the end of the year. Thc Trustees were required to consider the impact of the Register of Persons Holding a Controlled Interest in Land {RCI). This publicly searchable regisler is managed on behalf of Scottish Ministers by Registers of Scotland and holds the names of the persons holding the controlled interest. The Register appli&8 to Church OF Scotland properties. However, the agreement between the General Assembly and the Regjistrar is that where titles held are vesied in the General Trustees there is no need to lisl individuals on the Reg7ister since they are part of the legal body - th¢ General Trustees. However. where titles are vested locally, as in the case of St Matthew's. separdte registration is required with the public register naming those whose namc is on the litlcs. In our case this is the Minister, Session Clerk and Tre&surer and it is the name and address of the post holder which is included. Evcry time any of thcse wple change or change addre55 the register must be updated at a cost. After much considcration the Kirk Session agreed unanimously to seek a transfer of the titles of the church and halls to the (F¢neral Trustees. This transfer process is underway and should be concluded in 2025. 11 has no impact on the way our buildings are rnanag. Achievements And Perfonnance In addition to the many uses and activities in our halls and sanctuary mentioned in the previous section the flat allached to the church preMIS continued to be used as a holiday let and allowed the ongoing work of the church to continue in 2024. It is intended that any surplu5 from this source be used for mission work. Financial Review Re%ults for the year ended 31 December 2024 are given in the Ststement of Financial Activities on page 14. The assets and liabilities are given in the Balance Sheet on page 15. The trustees r¢gard the financial position of the charity ai 31 December 2024 to be satisfactory and are content that. once the situation fully retLuns to nonnal and with the increased use of the refurbished sanctuary and ih¢ ongoiThg review of income and expenditure, this leaves it with a sound base from which fuiure activity can be built upon.
Perth: St Matthew's Church of Scotland Year Ended 31 December 2024 Trustees, Annual Report (continued) Fillaneial Review (¢onlinued) In surnmary, total income amounted to £198,880 {2023 - £184.465), tolai expenditure amounted to £206.678 {2023 - £185.855) resulting in a d¢ficit for the year of £7,798 (2023 - deficit £1,390). In analysing the underlying finartcial w)sition of the charity it is necessary to look individually at the aciivity for the year, split bclween Testrictcd and UnstriCted funds. Unrestricted funds reflect the financial intromissions stemming from core day lo day activity. whereas r¢stricted funds tend to reflect the outcome of transactions and funds which hav¢ specific, donor related conditions attached. On a day to day basis. we are pleased to rewrt that direct offering income and donations increased from £92,570 in 2023 to £99.267 (both figures including tax recovered on gift aided Teceipts) - an increase of 7.2%. Income from hall and sanctuary hir¢ increased £27,231 from £23.985 in 2023. This continues lo remain well below pre-pandemic figures but is a very satisfying increase. Fund raising income inCred from £14,390 in 2023 to £16,391 in 2024. Income from weddings and funerals increased to £3.750 in 2024 from £2.350 in 2023. The incomc from the cafe increth from £4.889 in 2023 to £5.396 in 2024 due once again, in no small part, to the various fundraising evenls which were held during the year. The income from the use of the flat as a holiday let decreased io £25.625 from £28.224 in 2023. While it is disappoinlin8 to see a deCree in this source of incomc this amount continues to far exceed pre-pandemic levels and remains a vcry enLouraging contribution lo the incom¢ and work of the congregation. Routine. ongoing charitable exF¢nditure for 2024 is shown at nole 4. Apart from the assessed contributions which are paid to the national CILurch centrally and our ongoing Staff costs. our major costs in 2024 continue to be in respect of the premises. The trustees continue to review the overall W)silion on an ongoing basis with a view to identifying appropriate cost control and cost saving measures in the year ahead. This is obviously difficult due to the ongoing situation in which everyone finds themselves with the current cost of liviTJg crisis. At the end of the financial ycar the charity hcld funds of £420.487 {2023 - £428.285) of which £32,530 (2023 - £42:368) was restricted and £387.957 (2023 - £385.917) was unrestricted. Of the total unrestricted funds. £373,314 (2023 - £378,081) was designated for $cIfiC purposes including £366.636 (2023 £366,636) being the cosl of the manse. Details of all funds held at 31 December 2024 are detailed at note 12. Risk Management The truste¢s have overall responsibility for syst¢ms of procedure and control over the activities of the charity. Such systems can only provide reasonable, but not absolute. assurance against errors and fraud. Within this framework the trustees have assessed the major risks to which the charity is exposed and they are satisfied that systems are in place to mitigaie the exposure lo major risks. Reserves Poli¢y Details of thc reserves of thc charity at 31 December 2024 are set out at note 12 of the financial statements. As stated previously, within the totsl figure of £420,487 {2023 - £428,285) the charity held £32,530 (2023 - £42,368) of restricted funds which have been provided for the purwse set out thithin note 12. The remaining reserves of £387,957 (2023 - £385.917) are held on an unrestri¢ted basis. However, for reosor]s of necessity within the life of the charity and in light of activities which are ongoing, £373,314 (2023 - £378,081) of these funds have been designated for particular Congregational and ckntsble purp)ses as detailed in the notes to the financial statements.
Perth: St Matthew's Church of Scotland Year Ended 31 De¢ember 2024 Trn$te¢s' Annual Report (eontinued) R¢$erve8 Policy (Continued) This leaves a balance of £14,643 (2023 - £7.836) held in the general fund. The aim of the trustees is to build up reserves equivalent to approximately six months, expenditure which would amount to £102,000. As the current balance relates to just under one and three-quarler's months, expenditure th¢ Kirk Session is continuing to consider steps to ensure that our regular income is increased to ensure that the necessary expenditure which is always reqllid on buildings of the size, age and nature of the church and halls ontained therein can be met and continue to be confident in moving forward to the next stsge in the cungregiltion's dev¢lopment. As stated previously the Kirk Session is eontinuing to review all expenditure on an ongoing basis. Structure, Governanee and MgnagemeDt The Church is a registered charity numFKr SCOI 6829 and is administered in accordance with the ternis of the Deed of Constitution (Unitary Fomi) and is subject to the Acts and Regulations of the Gcnerul Assembly of The Church of Scotland. Members of the Kirk Session ¢we the charity trusiees. The Kirk Session members are the elders of the Church and arc chosen from those members of the Church who are considered to have the appropriaie gifts and 8kills. 'I'he mini8ter, who is a member of the Kirk Se55iorn is elected by thc congr¢galion and inducted by Prcsbytery. The Kirk Session is responsible for the spiritual and temporal affairs within the Church which latter include most notably finance and fabric. The Kirk Session meets in ordinary course on five occ&sions in the year and on as many other occasions &8 may be necessary to fulfil ils responsibilities. In 2024 the Kirk Session met on eight occasions. The Kirk Session is chaired by the Minister. The Session Clerk is responsible for all administrative aspects of the operation of the Kirk Session. Elders and other interested memkrs of the congregation participate in various ministy teams such as Safeguarding, Pastoral Care and Siewardship and Finance (including Fabric). Elders also take their full part in thc Presbytery of Pcrth with two currently serving. During 2024 a review has been carried out on the structure of the Kirk Session with implementation being Carri out in the tirst few months of 2025. When complcte the plan is that the Kirk Session will meet about four times a year with the Kirk Session being able to delegate tssks and an appropriate level of decision taking to a smaller body. the Kirk Session Executive as well as a number of teams. This would encourage more people throughout the church to get involved with the day-to-day activities of the church &s well as planning and development. The teams are Faith and Worship. Car¢. Communities, Communication, Facilities Management, Finance and Administration and Property Maintenance. The Conggation meets in general meeting on at le&8t one occasion during the year to transact the business of its Stated Annual Meeting. which took place on Sunday 9 June 2024. Additional general meetings of the congregation are conv¢n¢d &$ and when necessary to attend to urgent, unplanned business. There were no such meetings in 2024. Other than the truste¢ changes noted below there w¢re no other changes in the strncture of the chartty during the y¢ar or up to the date of this report.
Perth: St MattheJv*s chrth Df Scotland Year Ended 31 Deeember 2024 Trustses, Annual Report (continued) RefereDce and Administrative Information Charity Name: Pertb: St Matthew's Church of Scotland Charity RL%iStrallon Nutnber: SCOI 6829 Congregation Referenee Nurnber: 281683 Contact Addre$$'. Si Matthew's Church TAY Strect P¢rth PH151,Q Prineipal OtTice- Bearers Minister.. Session Clerk.. Chiirch Treasurer: Trustees Ime following is a list of thos¢ who served &8 tswtees during the year ended I I r)ecember 2024 and up to and inclijding the (IAle nl. approval of these finCIal stalemenls= The Kirk sessio following the advice of thc General Asscmbl),, h&$ rcviewed its m¢inlxrship and (rld a list of clder% who arc no longer trus¢5 of the Lh¢1V beca¢ they wished to step back from trustee responsibility (even for a short tirne} or have not attended meetings ot the Kirk Session for a period of lin. 'rhese elders can retum lo the Kirk Session and to tneShip in the future. io
Perth: St Matthew's Chureh of Seotland Year Ettded 31 December 2024 Trn5t¢' Annual Report (contiDu¢d) Reference and Administrative InfornatioD (Continued) Kirk Session {¢ontinued) The tollom'ing trustee changes took place during the year and up to the date of this rert..- M M(1 C'hart¢rLd Accountants 4 Albert Plalr Perth P112 SJ ljaiike Royal Bank of Scotland 12 Dunkeld Road Perth PHI 5RB
Perth: St Matthew's Chureh of Scotland Year Ended 31 Decemb¢r 2024 Trnstees, Annual Rehrt (¢ontinlled) Reference and Administrative Infhnngtion (eontinued) The law applicable to charities in Scotland r¢quir¢s the charity trustees to prepatt financial statements for each year which show a tn and fair vicw of th¢ 5tst¢ of dtrairs of the charity and of the income and cxpcndiLurc uf the Lhdriiy for thai period. In preparing th¢ rmanc1 staiernents. trustees are required to: o selcct suitable accounting policies and th¢n appl> them consist¢ntlv- o observe the method and principles in the applicable Charitics SORP: o make judgemcnts and estimates which are renable and prudent" o state whether applicable accountin8 Standards and 5¢atements of recommended practice have bccn followed. subject to any. deportures disclosed and explaincd in the financial slateinents. prcparc the financial 5tatun¢nts on the goin8 LonLcrn basis unless il is inappropriate to presume that the Lhdriiy will coniinue in operaiional existence. The trustees are respKJnsible lor keeping adequate accounting records that are sufficient lo show and explain the chlty,$ transactions and disclose with re&sonable accuracy at any lime lh¢ financial po.sitinn Dr ihe charity and to enable them to ensure that the financial statements comply '1th thc Charities and Trustee Investment (Scotland) Act 2005. the Charities Accounts (Scotland) Rcgulations 2006 (&$ amcnded) )d thc Deed of Con8titution. 'fhcy arc also rcsponsiblc for s&fcguardin8 the asscts vf thL Lhdrily and hence for taking reasondble st¢ps for di¢ prrvL"Lltiun delcLliun or rrdud and othcr irregulariiies. 12
Perth: St Matththy's Churth of Scollalld Year Ended 31 December 2024 Independent Examiller's Report to Ihe Trnsltts of Perth: St Matthew's Church of Scolland I report on the financial statements of the charity for the vear enikd 31 December 2024 which are set out on page$ 13 to 25. Thi3 Wport is madc to thc tr1¢¢4 as a kndy. in accordatK¢ with th¢ t¢mis of my en¥d¥em¢nl. My wurk h bcen undcrtdk¢n to rniible mr io rcpon my opiruon set our below and for no OEher purpose. To ille fullest extent perniiiied by law I do not Cept or assume respnsibility to an)one oUr than the trust¢¢S, &8 a body, for my work or this rep)rt. Respective Responglbtiitleg of Trusttts Ind Independent Examiner Thv churity's tnisiees are reSponbIe for the preparal?Dn of ihe financi41 glalemenls in accordance with the terms of the C.haritie8 and Trustee Iniestment (Scotland) Act 2005 and the Charities Accounts {Scotland} Regulations 26 (as amended). The charity trust¢¢s consider d•t th¢ audit rcquiremeni of Reguiatioo ( IOK I) (a) to (c) of 20 Accounts R¢gUIlI)n5 does n(x apply. It is my re4x)nsibility 10 examine the financial slalements &8 zequired under se¢iion (44)(1) (¢) of the Act and to stale whether particular mallers haye ¢ome to my attention. Basis of Independent Examkner's Statement My ex&uninalion is carried oul in accordance with Regulation I l of the 2006 Charities Accounts Regulations An examinatioll ITiclude8 a rjeW Df the accountin8 reeords kept by the Charity and a comparison ot ihe finAl101StlernentS presented with thDse e0rds. It also includes consideration of any unusual items or disclosures in the fin8D¢ial statemonts and s¢eky cxplanalion3 from the trustees conccrnin8 any su¢h rnattcr5. The proc¢durcs undertaken do not proYid¢ all the cl.ide¢ thjt would bc rquircd in an audit and ()n.sequenily I do not expre55 an audit opinion on the view given by the fmancial swemellts. ndependent Examiner's Statemellt In the course ot. my cxaminaiioA nuttel hL8 come to my attention.. which gives me reasonable cause to beli¢ve that in any malerial respeLX the requiTernents.' tn keep accounting records in accoTdance with Section 4411) (a) of the 2005 Act and ReBulation 4 ot the 2006 Accounts Re8ulatiODS and to prepare financial statements which accord with the accounling records and compl) wilh Regul4lion 8 of (he 2(K)6 A¢counts Regulations have not bcen mel. or 2. to which, in my opinion. attenlion should bc drawn in order to enable a proper understanding of the tinancial 4latemenls In he reA.rhe(l. letttibtr Tl&È InJiil•le of Lhrtered A¢couDtAnts of Scotland MMG Chartered Aceonotstyts 4 Albert Plaee P¢rth PH2 8JE 25 March 2025
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Perth: St Matthew's Church of Scotland R21anee Sheet At 31 Deeember 2024 Unrystrbcted RH¢ricted Funds Funds 2024 21ll4 Tot1 FTMTrds 2024 Unrestricted Restricted Funds 21123 T4)t81 Funds 2023 2023 Note Fixed Asset$ Taneibl¢ fixed assets Tot#1 Fixed A$5ets C.urrenl Assets Stocks Debtors Cash at bank and in hand Total Current Assets Liabilities Creditors falliYL8 due within one year Church of Scotland General -rrustees Loan 367.033 367.033 367.033 367.033 367.512 367.512 367.512 367.512 10.976 10.976 17.507 16.788 34 17.507 59.156 76.663 42.368 32 530 90 W4 (7.450) (30.(K)O) {7,450) (30.(K)O) {15.8901 (15.890) 37,450 15.890 60,773 Net CurreD¢ As$¢ts tY¢t Assets 32 530 420 487 385917 42,368 428 285 The Funds of the Charlly Unr(¥¢rlLl¢d FvAds CF¢nerÈil Fund) tksl8naied funds 12 12 14.643 373314 387.957 7,836 378.Q81 385.917 Restricted FuDds 12 42.368 Totl F¥nds 428,285 15
Perth: St Matthew's Church of Scotland Year Ended 31 December 2024 Accounting Policies The principal accounting policies. which have been appli¢d consistently in the current and preceding year in dealing with items which are considered material to the financial statem¢nts. are set out below. Basis of Preparation The financial 5tatemcnts have been prepared In accordance with Accounting and RetM)rting by Charities.. Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the rinancial Reporting Standards applicable in the UK and Republic of Ireland (FRS102) effective from I January 2019. the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Rcgulations 2006 (as am¢nded). Fund Ae¢ounting Funds are cl&ssified as either restricted funds or unrestricted fimds. defined as follows. Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor 01 with their authority or Created through legaI processes. but still within the wider objects of the charity. lJnrestrbcted funds are expendable at the discretion of the trteeS in furtherance of the objects of the charily. Ir parts of the unrestricted funds are carniarked at thc discretion of the trustees for a particular purpose they arc designated &s a scparate fund. This d¢signation has an administrative purpose only and does not legally r¢strict the trustees. discrction to apply thc fund. Cjoing Cone¢rn I'he "frustees consider that there are no material uncertainties alK)ui the ability of the charity lo continuc for the foreseeable future and therefore has adopted the going concern bas'is in preparing th¢se financial stalements. Recognition of Ineome Income is recognised whcn the charity has entitlcmcnt to the funds. any perfomiance conditions attached to the items of income have been meL il is probable thal the income will be re1Ved and the amounl can bc measured reliably. Donalions are recognised when the charity has been notified in writing of IM)th the amount and settlement date. In the event that a donation is subject to conditions that require a level of perfonnance before the charity is entitled to thc fimds, Ihe income is deferred and nol recognised until either those conditions are fully met or the lfIlment of those conditions is wholly within the control of the charity and it is probable thal those conditions will be lfilled in the reportin8 riod. Legacy gifts are recognised on a case by case basis following confmnation when the administratorlexecutor for the estate has Communicat in writing both the amount and the settlement date. In the event thai the gift is in the forni of an assct other than cash QT a financial &tsset trdded on a r¢cognised stock exchange, recognition is subject to the value of the gift being lIablY mu[able with a degree of re&sonable accuraLy and the title to the asset having been transferred to the ¢harity. Interest on funds held on deposit is included when receivable and the amount can be me&8UTed reliably by the Chartty. This is normally upon notification of the interesi paid or payable by the bank. The general volunteer time of congregation members is not quantifiable and therefore not recognised in the accounts. 16
Perth: St Matthew'g Church of Scotland Year Ended 31 D¢¢ember 2024 Accounting Polici (continued) Recognition and Allocation of Expenditure Expcnditure is included in the Stsiement of Financial Activities on an aCCnlS basis and is recognised when there is a legal or constructive obligation to pay for expenditure. Fixed Assets All tangible fixed assets costing in excess of £l.000 having a value to the charity greater than one year. other than those acquired for specific purposes. are capitalised. Depreciation is provided on a straight line basis lo write off the cost or initial value, less residual value, of tangible fixed assets over thcir estimated useful lives: Fixtures. fittings and equipment- 5 years Taxation Perth.. St Matthew's Church of Scotland is a regisiered and Tecognised charity for the purposes of applicable taxation legislation and is therefore not subjecl lo taxation on its charilable activities. Thc charity is not re8lStered for V AT and resources expendcd therefore include irrecoverable input V AT. l)ebti)rs I rade and other debtors are recognised at the settlement amount due after any diseount Offed. Prepayments are valued at the amount prepaid net of any discounls due. Creditors Creditors are nonnally recognised at their settlement amount after allowing for any trade discounts due. 17
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Perth: St Matthew's Church of Seotland Notes forming part of the Financial Statements (continued) For the year ended 31 December 2024 4L Amalyiis of EXpendItre (tontiDud) Charitable donations are &$ und¢r.- Th¢ Guild - tiuild Project The Guild- RSPB 21KJ 230 2024 2023 Staff eosts numbers Salari¢5 Social Se¢urity Costs Pension Costs 51.466 49.743 1254 52.537 The averdge number of employees during the year was a5 follows: 2024 2023 Nrnber Nmber Ministerial Staff Administr81ive Sthff Music Staff Premises and Mainienance Stsff No employee had ¢mployee benefits in excess of £6,1 (2022 niD. All Chur¢h of S¢otland con8re8ations contrilx&e io the National Silld Fwid which bears the costs of all ministers, stipends and employevs contributions for national insurance. p¢nsion and housing and loan fund. Ministers, stipends are paid in a¢cordan¢¢ with the nlOn stipend scale. which is related years of rvice. Tror the year under review the minimum stipend was £31,642 (2023 - £30,135) and the maximum stipcnd (in the fifth and subsequent yeaT5 of servict) £38,884 {223 - £37.032). Trnstee Remuneratk*ll and Related Party Tr•nsactlon$ During th¢ y¢aT no truste rtt¢ived any reMun¢i0n or reimburs¢m¢nt of ¢xpense5. During the year a totsl of £30.785 (2023 £31,042} w#$ 1kn4ted to the congrewion by trustees. 21
Perth: St Mattheiv's Church of S¢otland Notes forniing part of the Finantial Ststcments {¢ontinued) For the year ended 31 December 2024 Tangibk Fixeij Assets Fixtures. i¢tin2s & Equlpment Prnperty Totsl Cost or Valll8lio At l January 2024 Additions Disposals At 31 Dccember 2024 366.636 68,952 435,588 366.636 68.952 435 588 Aecumu14ted Depreeiatlo At l January 2024 Charge for year Eliminai¢d on Disposa]s At 31 Dec¢mb¢r 2024 68.076 479 68.076 479 68.555 Nel Book Value At 31 De¢ember 2024 397 367,033 At 31 De¢ember 2023 876 367512 The church and ha115 at Tay Strtel Perth are owmed by the Truste of Perth.. St Matthew'$ Church of Seotland. No valuation is available. The manse at 12 Crai8ieknow¢s Av¢nu< Perth is similarly Oled and was purchased during 2020 at a cost includin8 expcns¢s of £366,636. 22
Perth: St Matthew's Church of Scotland Notes fonning part of the Financial Statements (continued) For the year ended 31 December 2024 D¢btors 2024 2023 Gift Aid Tax Refund thje tkbtors 6.797 4.179 6264 Creditors 2024 2023 Sundry Cr¢diiors Aecnwls 6.538 912 15,062 828 15,890 10. Analysis of Net Assets Among Funds General Deslgnated Restricted Total Fixed Asse¢s 397 366,636 7,594 916 367.033 CuTrent Assets 50,780 32,530 90,904 37.450 Current Liabilitie$ Net Assets at 31 Dec 2024 373.314 420.487 Gtn¢ral D¢4i%o*ied R¢slri¢ted Tolal Fixed Assets 367.512 20,578 367,512 76,663 15.890 428 285 Curr¢nt Assets 13,717 42,368 Current Liabilitie5 Net Assets at 31 Dec 2023 378081 23
Perth: St Matthew's Church of Scotland Notes forniing part of tbe Finaneial Statements (continued) For the year ended 31 December 2024 11. Volunteera In common with all congregotions of the Church of Scot]and the congregatson benefits from the contributions made by volunte¢rs who give iheir ttme and rklents willingly for the benefil of the Chutth. The areas of ¢ongatIonal life which rely ort the contribution of volunteers are many and varied and much of the activity would be unable io continue were it not for the commitmen¢ shown. 12. Movements in Funds J¥Jnu•ry 2024 At31 Dee ExpeDd1tre TrnDsfeYs 2024 Urtr¢slrleted Futtd$ Gen¢ral Deslgnated Funds Buildin8 Fabri¢ 7.836 117534 140.372 14.643 366,636 366,636 11228 35.640 25,625 123.182) (23,144) (13.925) (1.170) (40) (715) (922) Community Flat 11,837 (13.734) {13.IxKIi 1238 3.716 195 Flower Garden The Guild Scottish Countty Dance Badminton Trnidcrnft 2,416 225 81 (41) {3W) (1.500) (91)0) 908 852 745 2517 914 3,187 103 91 378.081 385917 19,645 373.314 387 957 195 510 203 470 Resiriettd Funds B¢nevolence 42.368 3.370 Total Funds 32,530 428 85 198 880 420 487 24
Perth: St Matthew's Church of Seolland Notes forniing part of the Financial Statements (continued) For the year ended 31 Deccmber 2024 12. Movements in FuDds (contiTrwed) Jinu*ry 2023 At 31 Dee Iocome Expenditure TrAn$fers 2023 Uttrestri¢t¢d Funds Gener 103515 Designated Fund$ Buildsng Fabric 366,636 4.003 3,130 366.636 7.035 {16,824) (7,330} (27,058) (19.047) 11235) (66) 1893) 19101 (42) 5.903 4,200 (9,903) (6,500) 117 Fabric Res¢rv¢ Community Flat 38.196 28224 1290 1,238 3,716 195 81 1.039 140 Flower Gardcn The Ciuild 147 949 1.352 2.647 979 (500) (600) (900) 1,000 908 Scottish County Dan Badminion 1.955 54 3,092 91 Traidcraft 3.133 381 189 385 31 378081 385 917 183619 RestTi¢ted Funds Benevolence 44.444 429 675 36 42.368 Total Funds 185 855 428 285 Purpose8 of Funds Restrlet¢d Fund$ Bt'nevolence Fnd- this fund is under the control of the Kirk Session with the purpose of making paym¢nts of a benevolent nature, at the discretion of the Minisi¢r and Benevolenc¢ committee, to people in nttd WTthin the congregation. Unrestrleted Fllthds- l)esignated Building Fund - this filnd was created by the Ine as a result of the incOrrtion of the manse into the 2(M17 financial Statements at an eslimated valuation of £400.(th. It now ¢ompris¢s of th¢ com of the new manse. FL7bric Reserve F&nd- this fund has been created by the tntstees from the nei difference between the sale of thc old manse and the purchase of the new manse. This fund will kn ¢Jsed io pay forthe maintenance of the manse and exceptional repaits to th¢ sandiiary attd halls. This fund was closed in 2023. Fabric Fund- the tru¢¢$ have set a8ide funds for the maintenaHce of church Proles. At their rne¢ting on 13 November 2024 the Kirk Session made the decision to close th¢ Fabric FuThl and incorwffaie it into thc Genernl Fund. 25
Perth: St Matthth's Cbureh of Scotland Not forming part of the Financial Ststements (eontinued) For the year ended 31 December 2024 12. Movements ID Funds (Contie) Purposes or Futtds (continued) Unrestrlcted FuDds- Dtsignated FuDds (rontinutd) *und- Ihis fund was created by the trusices from th¢ in¢ome arising from the use of the $8ncts]ary by members of the community and community organisations to mtti the maintenance and other costs related to the sancluary. Ai their meeting on 13 November 2024 the KiTk Session made the decision w ¢los¢ the Community Fund and inCOTporate it In the General Fund. Fltswer Fund and Garden Fund- in earlier years the trSt¢eS sei &%ide funds, from Iwuests and orilinary funds, to meet th¢ necessary ¢XF¢nses in th¢$¢ areas. At their meeting on 13 Nov¢miv 2024 the Kirk Sth4ion m&Je the decision to close the Garden Fund and inwrporate it into the General Fund. Flai Fund- this fund has en created by the tn from the l¢tting of the flat attach¢d to the building with the intention of ony surplus fund$ being utilised for external mission. Ail niher Duignaled Fund¥- the activiiies of each of thes¢ a¢tive groups iti the life of the Church are described in detsil in the Trustees, Report. Each group 0eS und¢r the Penh.. Si Matthew's Church of Scotland Charity referenc¢ and as such the outcome of th¢ir fanCIal a¢iivities is amalgamated inio th¢ fvll ¢hur¢h finart¢1 st¢1& Each group appoints an approprioie individual to record the finanei41 transactions and all groups op¢e a separate bank account. 13. Collrftionj for Thlrd Partles 2024 21)23 During thc year $CIal offerings were uplifted and made onlinc for the following ¢hariiies'. Poppys¢otland Christian Aid Christian Aid Gaza App¢41 Perth & Kinro$8 Foodbank NWG DI.£ Earthquak¢ Pcrth Str¢¢t Pastors WE4teraid 340 404 230 405 326 82 227 31 14. OrgaDls#tions The amounts shown as transfe frorn The Guild. Scottish County Dance. Badmintott and Traidcraft in note 12 represent their respective contribution5 to the nmning costs o(SL Matth¢w's Chur¢h. 26