## Scottish Charity No.SC038273 Trustees' Annual Report and Financial Statements Year Ended 31 December 2024 ||Page| |---|---| |Church Information|2| |Report of the Trustees|3 – 4| |Notes to the Financial Statement (Accounting Policies)|5| |Receipts and Payments Account|6| |Statement of Balances|7| |Report of the Independent Examiner|8| KNOXCHURCH PERTH l Trustees. Annual Report ond Financi8lStatements l Year Ended 31 December 2024 The Trustees are pleased to present their report together with the financial statements of the church for the year ended 31 December 2024. Reference and Administrative Details Name Knox Church Perth Charity Registration Number SC038273 Address Tulloch Terrace Perth PHI 2PP Website www.knoxchurchperth.com Trustees Bankers The Royal Bank of Scotland 12 Dunkeld Road Perth PH15RB Solicitors Balfour & Manson 54 - 66 Frederick Street Edinburgh EH2 1LS Independent Examiner 5 Whitefriars CreS￿nt Perth PH2 OPA Page12 KNOXCHURCH PERTH l Trustees. Annual Report ond Financi8lStatements l Year Ended 31 December 2024 Status of Charity and Governing Document Knox Church Perth is established by Constitution. It is a registered Scottish Charity (No. SC0382731 and is a Congregation of the Free Church of Scotland. Alms and Afflllatlon The Free Church of Scotland currently has around 100 congregations in Scotland, as well as in London and five in North America, and sister Churches founded by mission work in India, Peru and South Africa. The Church also has a full-time degree awarding seminary 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 Refomiation. it owes its distinctive title to its historical struggle to remain 'free' from state interference in its intemal affairs.11 has dose 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 fomis 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. The Free Church of Scodand is a Presbyterian church adhering in its worship and doctrine to the position of the Church of Scotland at the Reformation. There is 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 its constitution. Knox Church Perth is a congregation of the national Free Church of Scotland working towards the common aims set out above. The congregation is wthin the Edinburgh and Perth Presbytery and is authorised by the Church to have a minister paid from the central funds of the Church. Appolntment of Charlty 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 tem for Trusteeship. Prior lo their appointment, new Trustees would have served the Church for some time in various roles and would be familiar wth the Church's values, its aims and objectives as well as its day-to-day operats'ons. As part of their induction programme, new Trustees are required to understand their statutory responsibilities as well as the responsibilities of their office within the congregation as elder or deacon. Trusl8es and Offlce Bear8rs The congregation is governed and administered by elected office bearers (all volunteers) and its minister. The Kirk Session, comprising the minister, and elected elders, has responsibility for spiritual oversight, whilst the Deacons, Court, comprising Kirk Session members plus elected deacons. oversees financial and propety matters. Under Charity Law, the Deacons. Court are deemed to be the trustees of the congregation as those with responsibility for daY-t￿daY management and control. This is distinct from the role of property {Congregational) trustee5 who are responsible only for holding property in trust. The Church building and the Ministerfs manse are the property of the congregation and are held in trust by locally elected property (Congregationall trustees under the Church's Model Trust Deed. Con re ational Trustees for holding Property were Throughout 2024 we had six Elders and no Deacons. All of the Elders apart from serve on the Deacons, Court. The five members of the Deacons, Court the Trus ees were Actlvltles and Achlevements The main thing that we do is gather to glorify God. to worship him, and to hear from him in his word, that we might then honour him in all that we do. We trust in the inerrancy of Scripture and the sufficiency of Scripture and recognise that. when his word is preached. it is the ordinary Page13 KNOX CHURCH PERTH | Trustees' Annual Report and Financial Statements | Year Ended 31 December 2024 means of grace by which he converts sinners and builds up the members of the congregation in the faith and equips them for the work of ministry throughout their daily lives. We meet weekly for prayer meetings to express our dependence on God and ask Him to be present with us, blessing us by his Spirit and that His word will be fruitful in all of our lives, in the lives of our neighbours and communities, in the lives of our political leaders and those in authority over us, not just in and around Perth, but for the church throughout our land, and for missionaries overseas in foreign fields. In addition to that daily pattern and witness over our own lives, there are some activities that we do in an organized way as a church, as an addition to that foundational pattern. These include: - Children’s Ministry - Christianity Explored courses - Outreach cafe on Tuesday mornings - Mums and Toddlers Group on Friday mornings - Monthly street evangelism We look to the Lord for the increase and pray that he will bless the gospel through these various activities. ## **Reserves Results for the year** As a result of a deficit for the year of £12,359 the church held unrestricted funds amounting to £20,836 and restricted funds amounting to £98,674 at the year end. The trustees are satisfied with the level of reserves retained by the charity On behalf of the Trustees, Dated 26/09/2025 Page | 4 KNOX CHURCH PERTH | Trustees' Annual Report and Financial Statements | Year Ended 31 December 2024 ## **Notes to the Financial Statements for the year ended 31 December 2024** (Accounting Policies) ## **Accounting Convention** The financial statements have been prepared in accordance with the Charities Accounts (Scotland) Regulations 2006. ## **Basis of financial statements** The financial statements have been prepared on a receipts and payments basis. ## **Investments** As the accounts are prepared on a receipts and payments basis the investments are included at cost. Market Value of the investments is disclosed within the notes to the accounts. ## **Fixed Assets** A statement of the assets held is shown in the notes to the accounts. No depreciation has been applied as depreciation is a non-cash item and therefore should not be included in the receipts and payments account. ## **Receipts and Payments Account** For the purpose of the Receipts and Payments account as shown on page 5, 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 | 5 KNOX CHURCH PERTH | Trustees' Annual Report and Financial Statements | Year Ended 31 December 2024 ## **Receipts and Payments Accounts** |**Receipts**
Gift Aid (Tax Recovered)
Church Door Collections
Envelopes
Bank Interest
Investment Income
Magazines
Other Income
Perth Ministry
Donations
Building and Fabric
Cafè
Little Lambs
WFM
Flower Fund
**Total receipts**
**Payments**
**Payments Relating to**
**Charitable Activities**
Remittances to Central Funds
Pulpit Supply and Communion Fees
Ministers Expenses
Manse running costs
Heat & Light
Repairs and Renewal (Fabric)
Rates & Insurance
Sundry Expenses
Benevolent and Outreach
Staff Salary
Grants and Donations
Bank fees
**Governance Costs**
Independent Examination
Other
Total Governance Costs
Total Payments
Retained Surplus/(Deficit)
for the year|General
Fund
£
13,576
12,314
53,815
1,507
130
229
0
0
2,792
0
765
0
0
0|Designated
£
0
0
0
0
0
0
0
0
0
0
0
0
0
0|Restricted
£
0
0
0
0
0
0
0
0
0
1,070
0
0
0
0|**2024**
**Total**
**Funds**
**£**
**13,576**
**12,314**
**53,815**
**1,507**
**130**
**229**
**0**
**0**
**2,792**
**1,070**
**765**
**0**
**0**
**0**|2023
Total
Funds
£
16,387
9,824
50,641
200
250
132
75
2,032
4,350
4,650
598
0
0
0| |---|---|---|---|---|---| ||85,128|0|1,070|**86,198**|89,140| ||53,204
2,153
3,546
6,761
5,801
990
4,042
8,468
0
0
0
7|0
0
0
0
0
0
0
25
0
0
0
0|0
0
1,796
0
0
5,978
0
0
0
4,946
0
0|**53,204**
**2,153**
**5,342**
**6,761**
**5,801**
**6,967**
**4,042**
**8,493**
**0**
**4,946**
**0**
**7**|46,665
2,925
3,459
9,771
7,165
6,705
3,518
8,723
0
0
3,250
0| ||84,972|25|12,720|**97,717**|92,182| ||840
0|0
0|0
0|**840**
**0**|720
0| ||840|0|0|**840**|720| ||85,812|25|12,720|**98,557**|92,902| ||(684)|(25)|(11,650)|**(12,359)**|(3,762)| Page | 6 KNOX CHURCH PERTH | Trustees' Annual Report and Financial Statements | Year Ended 31 December 2024 ## **Statement of Balances** |**Investments**
Market Value of Investments
as at 31st December 2024
**Cash at Bank and In Hand**
Opening Balance as at 1st
January 2024
Transfers between Funds
Surplus/(Deficit)for the Year
Closing Balance as at 31st
December 2024
Total Assets
Represented by
General Fund
Cash Floats
Designated Funds
Ben & Outreach
Perth Ministry
Other
Restricted Funds
Custodier of Titles - Pitlochry
Investment in Shares
Perth Ministry
Building and Fabric
Church Officer
Operational Budget 2
Total Funds|General
Fund
£
0|Designated
£
0|Restricted
£
52,269|**2024**
2023
**Total**
Total
**Funds**
Funds
**£**
£
**52,269**
46,142
**79,600**
83,362
**0**
0
**(12,359)**
(3,762)
67,241
79,600| |---|---|---|---|---| ||17,286
(10,231)
(684)|4,490
10,000
(25)|57,824
231
(11,650)|| ||6,371|14,465|46,405|| |||||119,510
125,742
**6,371**
17,286
**6,371**
17,286
**3,991**
4,016
**10,000**
0
**474**
474
**14,465**
4,490
**740**
740
**51,529**
45,402
**34,868**
39,814
**11,537**
16,444
**0**
0
**0**
1,565
**98,674**
103,965
**119,510**
125,742| ||6,371|14,465|98,674|| |||||| Page | 7 **Independent Examiner’s Report to the Members of KNOX CHURCH PERTH** I report on the accounts for the year ended 31 December 2024 set out on pages 3 to 7. This report is made solely to the charity’s trustees, as a body, in accordance with section 44 (1)(C) of the Charities and Trustee Investment (Scotland) Act 2005. My examination has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my examination, for this report, or for the opinions I have formed. ## **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's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the 2006 Accounts Regulations (as amended) does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the 2005 Act and to state whether particular matters have come to my attention. ## **Basis of the independent examiner's report** My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. 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 any 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** Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. In connection with my examination, no matter has come to my attention: - (1) 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 (as amended); and - to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations (as amended) have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of o be reached. Azets Audit Services 5 Whitefriars Crescent Perth PH2 0PA Date: ............................................. 29th September 2025 Page | 8