Charlty Number SC020772 ZAREPHATH TRUST FINANCIAL sfATEMEfvirs FOR THE YEAR TO 31 March 2025 Z4REPHATH TRUST REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 March 2025 CONTENTS Page Infomiatlon Report of tho Trustees Indep8nd8rt Examln•rf$ Report Ro¢elpts arKI Payments Account Statsment of Balances Notss to tho Accounts ZAREPHATH TRUST REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 March 2025 INFORMATION Dugald MacPhèrson Morag M C MacPherson Kenneth R Stawart Rathel S Stewart ExecutÈve trustee & Trea5ur¢r Dugald MacPherson Rhona Wilson BA, FCCA MacKenzie Kerr knmited Chartered Accountants Redwood, 19 CulduthaS Road Inverness IV2 4AA Bankers Bank of Scotland uP￿r lthrkgate Aberdeen Alms and Ob59¢tr$ Thè advanoment of the Christian faith and the rellef ol poverty throughout the world Paga 1 ZAREPHATH TRUST REPORT OF ThE TRusfEES FOR THE YEAR ENDED 31 March 2025 The Trustèes pr•sent their report and accounts for the year ended 31 March 2025. Constltution and Organisational Stru¢twe The organisation was constitlrtgd by a Deed of Trl￿ on 4 N¢)vgmber 1992 and recorded as a charity from that date. The trustees are appointsd by Invltation )nd with a view to bringtng the requisite skills ar¢d a variety of representative interests. An executive treasurer has been appointed to condurt and manage the Trusvs financial and general business affairs. Obi8ctlws and Actlvltlos The prI￿1paI objectives and activities of the Tr(tst are to provide finanrial support to rèligious or charitable organi5atiiJrt Set up for the advancement of the Christian fatth an¢Yor the relièf of poverty and to provide financial support to families and individuals working for such organi5ations. In furtherance of the Trust's objectives the trustees were able to grve grants to indNidua15 and other organisations during the year totalling £3.2SO12024- £1.6501. Flnan¢ial Infonnation There was a defiat for the year of £29912024: Surplus £1821 and a reservè of funds of £2612024: £3251 which the Trustees considor to be ad4uate for the purposes ol the Trust. Dètails are given in the accourrts and notes. Reserve5 poIIcy The Trust carries financial res8rves of a level that 15 considered suitable and necessary for the future work of the Trust. R•vlw of rlsk Tho Tnjstees haw revievrfl the risks a550Uated with the operation of thg Trust. Since it has no employees. any risk 1$ largely assothated wth fraud and error. Thè trustees are of the opinion that tho Trust has adequatè systems in place to minimise any risk in these a￿a5. Taxation The Trust Is recognised as a charity by the Inland Revenuè. There is therefor• no liabilty to taxation on any of its income. Approved by the stees and signed on their behalf: 2Q2S Page 2 ZAREPHATH TRUST REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 March 2025 IndeperKlant Examirwrs, Rèport tothe Trustees on the Financial St*ements I report on the accounts of the charity for the year ended 31 March 2025 which are set out on pages 4and5. R8spoCtlvg responsibilltles of tru5tges and examlner The charitys trustees are rnsponsible for the p￿paratIon of the accounts in accordance bwth the term5 of the Charities and Trustee Investmont (Scotlandl Art 2￿5 and the Charities Accounts (Scotland) Regulations 2(J)6. The charty trustees consider that the audit requirement of Regulation 10(11 Idl of the Accounts Regulations does not apply. It is my responsibilr(y to examinè the accounts as required under section 44111 Icl of the Act and to state whether particular matters have come to my attention. Basls of Indopendont examimrfs statemort My •xamination is cèrried out in a¢￿dan￿ with Regulation 11 of the Charitie5 Accounts {Scotlandl Regulations 2006. An examination includes a revÈew of the accounting re¢ords kept by tho charity and a comparison of the accounts prèsgnted with those re¢ords. It also includes consideration of ary unusual items or disdosu￿s in the accounts and 5￿kS explanations from the trustee5 COn￿rning any such matters. The procedures undertaken do not provide all the eviden￿ that would bè r￿￿1￿d in an audit and Consequently I do not expre55 an audit opinion on the view given by the account$. Independert •x8mln&r'$ ststement In the coursè of my examin4tion. no matter ha5 come to my attention 1. which gives me reasonable cause to believe that in any material respect thé requbrements: to keep accounting records in accordance wlth Sertion 44111 lal of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations. and to prepare accounts which accord y￿th the accounting records and comply with Regulation 9 of tho 2(M)6 Acctyjnts R•gulation5 have not been mèt. or 2. to vdhich, in my opinion. attention should be drawn in ordw to enable a proper understanding of thè a¢tounts to bè reached. Rhona Wilson FCCA Ma¢Kènziè Kqrr Limited Chartered Accountants Redwood, 19 Culduthel Road Inverness IV2 4A4 2025 Page 3 ZAREPHATH TRusr YEAR TO 31 M￿CH 2025 RECEIPTS ar￿ PAYMETr￿S ACCOUNr 2024 Income Donations received Inland Revenue refunds 341 3241 782 2,150 Gifts to indiwduals Gifts to Missions Indyndent Examin￿5 fees 1,IC 240 318 {DefiatysUrpl￿ for year 182 Bank balance at 1 April 2024 143 Bank balance at 31 Marrh 2025 srATEMENT OF BALAN AT 31 MARCH 2Q5 2024 Cash in Bank 325 Approved by the Trust&￿ and signed on th8ir behalf /4S_ REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 Marth 2025 NOTES TO THE ACCOUN15 Accountin9 PoKaes Basls of Prepar*bn and assess￿nt of golng concem These Financial Statèmerrts have been prepared on the cash basis and indude tha results of the Tru5Y5 artivities wthith are descfibed in the Trustee's Report and all of whith are continuing. The tnjstees consider that there are no materfal uncertainties about t￿ Trust's abilty to continue a5 a going concern. 1.2 Income All income has been accounted for v•+th received by the TnsL It is sho*m gro55, byith any la The Trust has a General Reserve for making grants * the Trwtses. thuetion. 1A Irr8cowrth VAT Irrecoverable Value Add8d Tax is tharged against the expenditure heading for vknich it was incurred. No rem￿￿atIon or expenses V•Tre paid to any Tn￿tee during the year {2024 £Nill. Page 5