Docusign Envelope ID: 5DED5C8C-7407-87A2-80DE-8EB604C1343F
Scottish Charity No.SC038144
St Peter’s Free Church of Scotland
Trustees’ Report and Financial Statements Year ended 31 December 2025
Docusign Envelope ID: 5DED5C8C-7407-87A2-80DE-8EB604C1343F
St Peter’s Free Church of Scotland
Contents of the Financial Statements for the year ended 31 December 2025
| Page | |
|---|---|
| Report of the Trustees | 1 - 4 |
| Report of the Independent Examiner | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 - 14 |
Docusign Envelope ID: 5DED5C8C-7407-87A2-80DE-8EB604C1343F
St Peter’s Free Church of Scotland
Report of the Trustees for the year ended 31 December 2025
The Trustees are pleased to present their report together with the financial statements of the church for the year ended 31 December 2025.
Status of Charity and Governing Document
St Peter’s Free Church of Scotland is established by Constitution. The church is a Scottish Charity (No. SC038144).
Aims and affiliation
The Free Church of Scotland currently has over 140 congregations in Scotland, as well as 1 in London and 5 in North America, and sister Churches founded by mission work in India, Peru and South Africa. The Church also has a full time college in the heart of Edinburgh for the training of Ministers and other Christian workers and sustains an extensive Missionary programme relative to the size of the church.
Dating from 1843 but with its roots in the Reformation, it owes its distinctive title to its historical struggle to remain ‘free’ from state interference in its internal affairs. It has close and active relations with many other Reformed churches of Jesus Christ throughout the world and stands firmly in the tradition which accepts the Bible in its entirety as the Word of God and, therefore, derives its forms of teaching, worship, ministry and government from it. The main emphasis of our worship is the preaching of the gospel - the good news of a free and sovereign salvation through Jesus Christ alone.
St Peter’s Free Church of Scotland is a congregation of the national Free Church of Scotland working towards the common aims set out above. It is a Presbyterian church adhering in its worship and doctrine to the position of the Church of Scotland at the Reformation. The Free Church of Scotland has an explanatory document which explains the origins of the Church and which gives the historical background to the Church coming into being in 1843 and lists documents in which is embodied the constitution of the Church.
The congregation is authorised by the Church to have a minister paid from central funds of the Church.
The Church building and the Minister’s manse are the property of the congregation and are held under the Church’s model trust deed.
The government of the Free Church of Scotland is Presbyterian and the congregation is within the Presbytery of Edinburgh & Perth.
Trustees and Office Bearers
The church is Presbyterian in government and its day to day running is undertaken by the Elders (the Kirk Session) and the Deacons (the Deacons’ court). The Deacons’ Court’s specific function relates to the material and financial business of the congregation, whereas Elders are charged with the general and spiritual oversight of the congregations. It is accepted practice for the Minister and Elders to also be in membership of the Deacons’ Court. Under charity law the Deacons’ Court are deemed to be the Trustees of the Congregation; this is distinct from the role of congregational trustees responsible only for holding property in trust.
The Deacons’ Court (the Trustees) who served during the year were as follows:-
- Elders Stephen Allan, Colin Mackay, Owen Daily, Chris Ewart, Hugh Henderson (died October 2025), Tim Allyn, John Murdoch, Crawford MacKenzie, Thanos Gikas, Andrew Robertson, David Dutton, Gordon Thomson (resigned April 2025), Philip Dickson (resigned May 2025), William Anderson, Jared Cordner and Chris McLean (resigned August 2025).
Deacons Max Coulter, Samuel De La Haye (resigned July 2025), Duncan Grigg, Gareth Moller, Stewart McGregor, Stephen Macleod, Jonathan Gibson and James Escott. Minister Andy Pearson. Assistant
Minister Will Lind
Page 1
Docusign Envelope ID: 5DED5C8C-7407-87A2-80DE-8EB604C1343F
St Peter’s Free Church of Scotland
Report of the Trustees for the year ended 31 December 2025
Congregational Trustees
For holding Property - Chris Ewart, Stephen Macleod and Gareth Moller.
Appointment of Charity Trustees
The Kirk Session exercises its discretion in determining the most appropriate method of electing new Trustees (Elders and Deacons). Any election process must involve the communicant membership of the congregation. There is no fixed term for Trusteeship. Prior to their appointment, new Trustees would have served the church for some time in various roles and would be familiar with the church’s values, its aims and objectives as well as its day-to-day operations. As part of their induction programme, new Trustees are required to understand their statutory responsibilities as well as their responsibility as elder or deacon.
Achievements and performance
This year has been one of normal church life. Our weekly services include morning and evening Sunday worship with a meeting for evangelistic prayer prior to the evening service. There is a monthly congregational prayer meeting on the first Wednesday of the month with fellowship groups meeting throughout the city the other weeks. Our streaming of Sunday services continues as we view it as helpful as we seek to engage with all those associated with our congregation. There have been a number of baptisms and people joining both by profession of faith and transference of membership. As of December 2025, our communicant membership was 171. We remain a training church with one student from ETS in our congregation for the first two years of his training to become a Free Church minister. He has now moved to another congregation to complete his training. We do not have a student with us now but have employed a ministry support worker.
The congregation continued to support the wider work of the Free Church, both in Scotland and overseas. In addition, the congregation supported work within and outwith Dundee amongst other churches, including the work of Friends International. A number of missionaries were also supported. The work amongst young people through the Sunday School continued as did the older youth group SPY (St Peter’s Youth). Numbers in this older group continue to grow which has necessitated a split to two groups based on school year. Student ministry continued with a number of activities taking place.
The church plant in Charleston is led by Andrew Robertson. Regular worship took place but due to growing numbers Sunday morning services now take place in a local community centre. Various outreach activities were undertaken.
There are a number of interest free loans associated with the purchase of the manse. Our focus is to repay them within the agreed timescales for each loan.
Looking forward we hope to continue our gospel ministries in all their various forms during 2026.
Volunteers
The charity does not accurately collect data about the number of volunteers or the time that they contribute, but is very appreciative to all involved.
Page 2
Docusign Envelope ID: 5DED5C8C-7407-87A2-80DE-8EB604C1343F
St Peter’s Free Church of Scotland
Report of the Trustees for the year ended 31 December 2025
Financial review
Principal sources of funding
The congregation receives its funding by way of weekly offerings and Gift Aid donations.
Results for the year
The financial statements for the year are set out in pages 6 to 14. The Statement of Financial Activities on page 6 reflects net outgoing resources of £35,085 (2024: net incoming resources £28,639).
Reserves
It is the policy of the congregation to maintain unrestricted funds, ie funds not committed or invested in fixed assets, at a level which equates to approximately three months unrestricted expenditure. This allows sufficient funds to enable the ongoing work of the church to be maintained. The General Fund on page 6 at 31 December 2025 amounted to total deficit funds of £16,993 (2024: surplus £6,724), with the balance totalling £4,878 (2024: £21,871). The balance on the general fund is currently below the required level of reserves of £25,782. The trustees are doing all they can to encourage individuals to increase their giving to the congregation.
The balance of restricted funds as at 31 December 2025 is £256,523 (2024: £262,245)
Total reserves, including the net book value of fixed assets and balances on restricted funds amounted to £911,045 (2024: £946,130).
Grant making policy
The congregation makes grants from its gift income to individuals and organisations whose aims are compatible with the congregation’s objectives.
Remuneration
The Church sets remuneration for key management personnel by reference to external bench marking.
Statement on risk
The Trustees assess the major risks to which the congregation is exposed on an ongoing basis and have established procedures to mitigate those that are identified as a result of these reviews.
Plans for Future
The church will continue to give specific focus to its principal activities in public worship, the spiritual development of its members and the mission to tell others of the good news of Jesus Christ.
The upkeep of the manse and church buildings will also feature prominently.
Reference and administrative details
Address
4 St Peter Street Dundee DD1 4JJ
Website
www.stpeters-dundee.org.uk
Charity number SC038144
Bankers
Bank of Scotland 2 West Market Gate Dundee DD1 1QN
Page 3
Docusign Envelope ID: 5DED5C8C-7407-87A2-80DE-8EB604C1343F
St Peter’s Free Church of Scotland
Report of the Trustees for the year ended 31 December 2025
Reference and administrative details (continued)
Solicitors
Blackadders Solicitors, 30-34 Reform Street, Dundee DD1 1RJ
Trustees’ responsibilities
The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in Scotland requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP 2019 (FRS 102);
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charity’s constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees on 14[th] July 2026 and signed on their behalf by:
S McGregor Treasurer
Page 4
Docusign Envelope ID: 5DED5C8C-7407-87A2-80DE-8EB604C1343F
St Peter’s Free Church of Scotland
Report of the Independent Examiner to the Trustees for the year ended 31 December 2025
I report on the accounts of the church for the year ended 31 December 2025 which are set out on pages 6 to 14.
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) (a) to (c) of the 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 Charities Accounts (Scotland) Regulations 2006 (as amended). 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 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:
-
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 8 of the 2006 Accounts Regulations
have not been met, or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Jonathan N Innes FCCA Managing Director
Innes and Partners Limited Chartered Certified Accountants
9 Ardross Street Inverness IV3 5NN
Date: 14[th] July 2026
Page 5
Docusign Envelope ID: 5DED5C8C-7407-87A2-80DE-8EB604C1343F
St Peter's Free Church of Scotland
Statement of financial activities for the year ended 31 December 2025
| Notes Income Donations and legacies 2 Charitable activities 3 Total income Expenditure Charitable activities 4 Other expenditure 8 Total expenditure Net income/(expenditure) Transfers between funds 17 Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
General Designated fund fund £ £ 153,669 - 39 - 153,708 - 167,815 - - 36,405 167,815 36,405 (14,107) (36,405) (2,886) 24,035 (16,993) (12,370) 21,871 662,014 4,878 649,644 Unrestricted funds |
Restricted funds £ 238,537 12,780 251,317 235,890 - 235,890 15,427 (21,149) (5,722) 262,245 256,523 |
Total 2025 £ 392,206 12,819 405,025 403,705 36,405 440,110 (35,085) - (35,085) 946,130 911,045 |
Total 2024 £ 372,082 12,814 384,896 320,336 35,921 356,257 28,639 - 28,639 917,491 946,130 |
|---|---|---|---|---|
(Note 15) (Note 15) (Note 16)
The notes on pages 8 to 13 form part of these financial statements.
Page 6
Docusign Envelope ID: 5DED5C8C-7407-87A2-80DE-8EB604C1343F
St Peter's Free Church of Scotland
Balance Sheet as at 31 December 2025
| Notes Fixed assets Tangible assets 8 Current assets Debtors 9 Cash at bank and in hand Creditors: falling due within one year 10 Net current assets Creditors: falling due after one year 11 Total net assets Funds of the charity: General fund 15 Designated funds 15 Restricted funds 16 Total charity funds |
General fund £ - 7,787 1,625 9,412 (4,534) 4,878 - 4,878 4,878 - - 4,878 |
Designated fund £ 784,644 - - - (30,847) (30,847) (104,153) 649,644 - 649,644 - 649,644 |
Restricted funds £ - 14,601 246,053 260,654 (4,131) 256,523 - 256,523 - - 256,523 256,523 |
Total 2025 £ 784,644 22,388 247,678 270,066 (39,512) 230,554 (104,153) 911,045 4,878 649,644 256,523 911,045 |
Total 2024 £ 817,014 14,270 274,081 288,351 (28,235) 260,116 (131,000) 946,130 21,871 662,014 262,245 946,130 |
|---|---|---|---|---|---|
The financial statements on pages 6 to 14 were approved by the Trustees on 14th July 2026 and signed on their behalf by the undernoted:
S McGregor Trustee/Treasurer
The notes on pages 8 to 14 form part of these financial statements.
Page 7
Docusign Envelope ID: 5DED5C8C-7407-87A2-80DE-8EB604C1343F
St Peter’s Free Church of Scotland
Notes to the Financial Statements for the year ended 31 December 2025
1. Accounting policies
Accounting convention
St Peter’s Free Church of Scotland is a registered charity in Scotland. The address of the registered office is given in the charity information on page 3 of these financial statements. The nature of the charity’s operations and principal activities are set out on pages 1-2. The financial statements are presented in sterling which is the functional currency of the charity.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended)and UK Generally Accepted Accounting Practice.
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note to these accounts. The accounts are prepared on a going concern basis as the Trustees consider that there are no material uncertainties about the Church’s ability to continue as a going concern.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Basis of financial statements
The financial statements have been prepared on an accruals basis.
Church income and debtors
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Debtors are valued at cost at the year-end and adjusted for any amounts considered to be irrecoverable.
Church expenditure and creditors
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 settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis.
Creditors are valued at cost at the year-end and split between amounts due in less than one year and amounts due in more than one year.
Tangible fixed assets
Heritable property is stated at cost. Depreciation is provided at the following annual rates in order to write off each assert over its estimated useful life:
Land and buildings 2% straight line Fixtures and equipment 20% straight line
Statement of Financial Activities
For the purpose of the Statement of Financial Activities as shown on page 6, funds are defined as follows:
-
Unrestricted funds comprise grants and other income received for the objects of the church without further specified purpose and are available as general funds.
-
Designated funds represent unrestricted funds which have been earmarked by the Trustees for particular purposes.
-
Restricted funds comprise income which has been received for the objects of the church and specified for a restricted purpose within these objects by the donor.
Page 8
Docusign Envelope ID: 5DED5C8C-7407-87A2-80DE-8EB604C1343F
St Peter's Free Church of Scotland
Notes to the financial statements for the year ended 31 December 2025
| Unrestricted funds | |
|---|---|
| 2. Donations and legacies General Designated fund fund £ £ Offerings 129,744 - Donations 8,547 - Gift aid tax reclaim 15,378 - |
Restricted Total Total funds 2025 2024 £ £ £ 168,959 298,703 245,117 33,878 42,425 78,254 35,700 51,078 48,711 |
| 153,669 - |
238,537 392,206 372,082 |
| Unrestricted funds In 2024, £131,931 was attributable to unrestricted income and £240,151 |
was attributable to restricted income. |
| 3. Charitable activities - income General Designated fund fund £ £ Hall lets - - Bookshop 39 - |
Restricted Total Total funds 2025 2024 £ £ £ 12,775 12,775 12,802 5 44 12 |
| 39 - |
12,780 12,819 12,814 |
In 2024, £30 was attributable to unrestricted income and £12,784 was attributable to restricted income.
| 4. Charitable activities - expenditure Relating to unrestricted general fund Relating to restricted funds 5. Staff costs and numbers Gross salaries and employer's NI Employers pension Minister's expenses |
Staff Direct costs costs £ £ 10,053 66,027 71,087 125,638 81,140 191,665 (Note 5) (Note 6) General Designated fund fund £ £ - - - - 10,053 - 10,053 - Unrestricted funds |
Support costs £ 91,735 39,165 130,900 (Note 7) Restricted funds £ 69,583 1,203 301 71,087 |
Total 2025 £ 167,815 235,890 403,705 Total 2025 £ 69,583 1,203 10,354 81,140 |
Total 2024 £ 124,369 148,345 272,714 Total 2024 £ 55,530 597 7,002 63,129 |
|---|---|---|---|---|
The average number of employees during the year was 7 (2024: 5). No employee received remuneration of more than £60,000 during the year.
In 2024, £6,896 was attributable to unrestricted expenditure and £56,233 was attributable to restricted expenditure.
Page 9
Docusign Envelope ID: 5DED5C8C-7407-87A2-80DE-8EB604C1343F
St Peter's Free Church of Scotland
Notes to the financial statements for the year ended 31 December 2025
| 6. Other direct costs General Designated fund fund Local ministries £ £ Central fund remittances 62,641 - Central fund levies 397 - Central fund other 100 - Youth work 1,171 - Pulpit supply 811 - Presbytery dues 424 - Communion 483 - 66,027 - National and Overseas Ministries - Institutions Mission International - - Adam Support group - - European Missionary Fellowship - - Friends International Dundee branch - - Richhill Presbyterian Church for Almunec - - Blythswood Beacon Centre Appeal - - AIM - - Others < £1,000 - - - - National and Overseas Ministries - Individuals Callum King - - Caroline White - - Chris McLean - - John Abraham Sullivan - - Ruth Mahood - - Donation to support indvidual in need - - Others < £1,000 - - - - Total other direct costs 66,027 - Unrestricted funds |
Restricted funds £ 77,910 - 17,070 4,259 - 100 32 99,371 3,105 1,200 600 2,772 1,800 7,115 1,605 770 18,967 1,200 1,000 1,000 1,000 1,500 1,000 600 7,300 125,638 |
Total 2025 £ 140,551 397 17,170 5,430 811 524 515 165,398 3,105 1,200 600 2,772 1,800 7,115 1,605 770 18,967 1,200 1,000 1,000 1,000 1,500 1,000 600 7,300 191,665 |
Total 2024 £ 135,375 1,065 19,055 7,274 1,173 526 336 164,804 1,670 1,200 1,600 1,900 - - - 2,160 8,530 1,200 - - - - - 1,120 2,320 175,654 |
|---|---|---|---|
In 2024, £67,738 was attributable to unrestricted expenditure and £107,916 was attributable to restricted expenditure.
| 7. Support costs Repairs and equipment Heat and light Office expenses Hall rental Insurance Manse expenses Bookshop expenses Professional fees Independent examination Advertising Bank charges Miscellaneous |
General Designated fund fund £ £ 14,849 - 35,107 - 3,645 - - - 3,745 - 15,787 - 287 - 552 - 2,178 - 95 - 434 - 15,056 - 91,735 - Unrestricted funds |
Restricted funds £ 11,141 3,714 495 14,045 1,946 100 159 - - - 2 7,563 39,165 |
Total 2025 £ 25,990 38,821 4,140 14,045 5,691 15,887 446 552 2,178 95 436 22,619 130,900 |
Total 2024 £ 20,754 20,238 4,674 18,127 3,858 5,826 825 444 2,076 351 423 3,957 81,553 |
|---|---|---|---|---|
In 2024, £46,764 was attributable to unrestricted expenditure and £34,789 was attributable to restricted expenditure.
Page 10
Docusign Envelope ID: 5DED5C8C-7407-87A2-80DE-8EB604C1343F
St Peter's Free Church of Scotland
Notes to the financial statements for the year ended 31 December 2025
| 8. Tangible fixed assets Cost At 1 January 2025 Additions At 31 December 2025 Depreciation At 1 January 2025 Charge for year At 31 December 2025 Net Book Value At 31 December 2025 At 31 December 2024 |
£ 1,566,082 - 1,566,082 760,194 31,321 791,515 774,567 805,888 Heritable property |
£ 56,854 4,035 60,889 45,728 5,084 50,812 10,077 11,126 Fixtures & equipment |
Total £ 1,622,936 4,035 1,626,971 805,922 36,405 842,327 784,644 817,014 |
|---|---|---|---|
The historic cost equivalent of land and buildings included at valuation are as follows:
| Cost Accumulated impairment losses Revalued cost Accumulated depreciation Net book value |
Total 2025 £ Heritable Property 1,566,082 (371,223) 1,194,859 (420,292) 774,567 |
Total 2024 £ Heritable Property 1,566,082 (371,223) 1,194,859 (388,971) 805,888 |
|---|---|---|
Freehold land and buildings were subject to independent, professional valuation at 6 September 2022. The valuation was undertaken by J E Shepherd, Chartered Surveyors.
| 9. Debtors: falling due within one year Other debtors Gift aid due 10. Creditors: falling due within one year Loan Accrued expenses |
General Designated fund fund £ £ 1,187 - 6,600 - 7,787 - General Designated fund fund £ £ - 30,847 4,534 - 4,534 30,847 Unrestricted funds Unrestricted funds |
Restricted funds £ - 14,601 14,601 Restricted funds £ - 4,131 4,131 |
Total 2025 £ 1,187 21,201 22,388 Total 2025 £ 30,847 8,665 39,512 |
Total 2024 £ 4,130 10,140 14,270 Total 2024 £ 24,000 4,235 28,235 |
|---|---|---|---|---|
Page 11
Docusign Envelope ID: 5DED5C8C-7407-87A2-80DE-8EB604C1343F
St Peter's Free Church of Scotland
Notes to the financial statements for the year ended 31 December 2025
| 11. Creditors: falling due after one year Loan Analysis of Financial Instruments Loans payable within 1 year Loans payable within 2-5 years Loans payable after 5 years As at 31 December 2023 |
General Designated fund fund £ £ - 104,153 - 104,153 Unrestricted funds |
Restricted funds £ - - |
Total 2025 £ 104,153 104,153 Total 2025 £ 25,000 65,833 13,320 104,153 |
Total 2024 £ 131,000 131,000 Total 2024 £ 24,000 77,680 53,320 155,000 |
|---|---|---|---|---|
12. Transactions with Trustees
The Trustees did not receive any remuneration in the year (2024: nil) in connection with their roles as Trustees. The Minister, who is also a Trustee, is paid centrally by the Free Church of Scotland and received expenses of £7,029 (2024: £4,144) in the course of his duties as the Minister. Chris McLean, Trustee received £21 (2024: £172) for his work as Minister in Training. Will Lind received expenses of £3,303 (2024: £2,687) for his work as Assistant Minister. Gordon Thomson was paid for work carried out on the website £614 (2024: £385). Total Trustee donations to the Church amounted to £81,849 (2024: £76,797).
13. Related party transactions
No related parties made or received any payments with the charity during the year (2024: nil), other than those noted below: Salaries were paid to:
Nathalie Daily, wife of Owen Daily, trustee, received a gross salary of £9,156 (2024: £8,485) and pension contributions of £273 (2024: £255), for her work as Finance Administrator.
Bev Allyn, wife of Tim Allyn, Trustee, received a gross salary of 4,547 (2024: £4,950) and pension contributions of £nil (2024: £nil), for her work as as Administration Assistant.
Catherine Pearson, Trustee and wife of Rev Andy Pearson received a gross salary of £15,193 (2024: £14,143) and pension contributions of £456 (2024: £425) in her work as Administrator.
| 14. General Designated fund fund £ £ Fixed assets - 784,644 Current assets 9,412 - Current liabiities (4,534) (30,847) Long term liabilities - (104,153) 4,878 649,644 15. Unrestricted funds General fund Designated funds: Assets fund Total designated funds Total unrestricted funds Analysis of Net Assets Among Funds Unrestricted funds |
Restricted Total funds 2025 £ £ - 784,644 260,654 270,066 (4,131) (39,512) - (104,153) 256,523 911,045 Balance at 01.01.25 £ 21,871 662,014 662,014 683,885 |
General Designated fund fund £ £ - 817,014 25,869 - (3,998) (24,000) - (131,000) 21,871 662,014 Income Expenditure £ £ 153,708 (167,815) - (36,405) - (36,405) 153,708 (204,220) Unrestricted funds |
Restricted funds £ - 262,482 (237) - 262,245 Transfers £ (2,886) 24,035 24,035 21,149 |
Total 2024 £ 817,014 288,351 (28,235) (131,000) 946,130 Balance at 31.12.25 £ 4,878 649,644 649,644 654,522 |
|---|---|---|---|---|
Page 12
Docusign Envelope ID: 5DED5C8C-7407-87A2-80DE-8EB604C1343F
St Peter's Free Church of Scotland
Notes to the financial statements for the year ended 31 December 2025
| 15. Unrestricted funds (con'td) Balance at 01.01.24 £ General fund 15,147 Designated funds: Assets fund 689,677 Total designated funds 689,677 Total unrestricted funds 704,824 |
Income £ 131,961 - - 131,961 |
Expenditure £ (121,398) (35,921) (35,921) (157,319) |
Balance at Transfers 31.12.24 £ £ (3,839) 21,871 8,258 662,014 8,258 662,014 4,419 683,885 |
|---|---|---|---|
Explanation of funds
The General fund encompasses all income and expenditure relating to the primary focus activities of the charity, ot The Designated Assets fund represents the value of unrestricted funds held in fixed assets net of building loans out
| 16. Restricted funds Balance at 01.01.25 £ Charleston Church Plant 121,896 Mission 7,294 Youth 73 Manse 411 Local Ministry 13,519 McCheyne 105,229 Benevolent 13,623 Mercy Ministry 200 Total restricted funds 262,245 Restricted funds Balance at 01.01.24 £ Charleston Church Plant 132,887 Mission 2,311 Youth 19 Manse 363 Local Ministry 16,086 McCheyne 53,041 Benevolent 7,760 Mercy Ministry 200 Total restricted funds 212,667 |
Income £ 93,704 21,175 - - 91,122 44,384 932 - 251,317 Income £ 93,382 17,463 54 250 77,616 56,607 7,563 - 252,935 |
Expenditure £ (120,680) (23,219) (61) (100) (87,530) - (4,300) - (235,890) Expenditure £ (107,373) (9,480) - (202) (80,183) - (1,700) - (198,938) |
Balance at Transfers 31.12.25 £ £ (1,149) 93,771 - 5,250 - 12 - 311 - 17,111 (20,000) 129,613 - 10,255 - 200 (21,149) 256,523 Balance at Transfers 31.12.24 £ £ 3,000 121,896 (3,000) 7,294 - 73 - 411 - 13,519 (4,419) 105,229 - 13,623 - 200 (4,419) 262,245 |
|---|---|---|---|
Explanation of funds
Charleston Church Plant fund represents money set aside for a new church plant in Charleston.
Mission fund represents monies raised by the congregation to support local, national and international work.
Youth fund represents gifts received specifically for the support of youth work in the church.
Manse fund represents money received for the purchase of a new manse.
Lectern fund represents money received to enable the purchase of a lectern.
Local Ministry fund represents money received to enable various projects approved by the Kirk session.
The McCheyne fund is money generated for projects of the congregation.
The Community Childrens Work fund is to enable childrens work in the locality of St Peter's and Charleston.
Benevolent fund represents money held for helping those in need in the congregation and community.
The Mercy Ministry fund represents monies received to support the provision of Mercy Ministries.
Page 13
Docusign Envelope ID: 5DED5C8C-7407-87A2-80DE-8EB604C1343F
St Peter's Free Church of Scotland
Notes to the financial statements for the year ended 31 December 2025
| nd Transfers Note General Fund to Asset Fund 1 McCheyne Fund to Asset Fund 2 Charleston Church Plant Fund to Asset Fund 1 |
General Designated fund fund £ £ (2,886) 2,886 - 20,000 - 1,149 (2,886) 24,035 Unrestricted funds |
Restricted funds £ - (20,000) (1,149) (21,149) |
Total transfers £ - - - - |
|---|---|---|---|
17. Fund Transfers
1. These transfers relate to fixed asset movements.
2. This transfer relates to the loan repayments relating to the building .
18. Statement of financial activities for the year ended 31 December 2024
| Notes Income Donations and legacies 2 Charitable activities 3 Total income Expenditure Charitable activities 4 Other expenditure 8 Total expenditure Net income/(expenditure) Transfers between funds 17 Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
General Designated fund fund £ £ 131,931 - 30 - 131,961 - 121,398 - - 35,921 121,398 35,921 10,563 (35,921) (3,839) 8,258 6,724 (27,663) 15147 689677 21,871 662,014 Unrestricted funds |
Restricted funds £ 240,151 12,784 252,935 198,938 - 198,938 53,997 (4,419) 49,578 212667 262,245 |
Total 2024 £ 372,082 12,814 384,896 320,336 35,921 356,257 28,639 - 28,639 917491 946,130 |
|---|---|---|---|
Page 14