ReBlstered Charlty Number". SC 049083 (Scotland) REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 DECEMBER 2024 FOR KNIGHTSWOOD FREE CHURCH OF SCOTLAN D (CONTINUING) ATTESTED BY AUTHORITY OF THE FRBE CHtiRCH (CONTINIJING) 8nl TTHFRN PRFgFIVTri;.y MODERATOR
KNIGHTSWOOD FREE CHURCH OFSCOTLAND ICONTINUING) LEGALANDADMINISTRATIVE INFORMAMON Charity Name Knightswood Free Church of Scotland IContirbuing} Charity Number (Scotland) SC049083 Prin<ipal Address Denominational ldre$S Charity Number (Stotland) SC030976 Trustees The Trustees comprise all members of the Deacon5' Court, the membership whKh is listed within their report on Page Independent Examiner Church Address 361 Fulton Street Knightswood Cross Glas8OW G13 2SP Church Websl www.knightswoodchurch.org Ba)kers Bznk of Scotland 20 Busby Aoad Clarkston Glas8OW G81 IRP P3g@ l of 14
KNIGHTSWOOD FREECHURCH OF SCOTLAND(CONTINUINGI REPORT OF THE TRUSTEES forthe yearended 31 December 2024 The Trustees have pleasure in presenting their Report along with the Financial Statements of the charity forthe year ended 31 December 2024. TheTrustees have adopted the provisions of Accounting and Reporhng 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 IFRS 1021 (effective 01 January 20191. 08JECTIVE AND AcfiviTIES Affiliation, objertives and aims The con8re8ation is part of the Free Church of Scotland Icontfnuingl denomlnatlon with congregatsns in the UK. Canada, USA, Sri Lanka, Spain, France and Portugal, This Church is Presbyterian in Churth 80vernment and adheres in worship and doctrine to the position adopted by the Church of Scotland at the Reformation. This Church claims continuity with the Free Church of Scotland which came into e¥istence historically in 1843 and within which there wa5 a split in January 2000. That part of the Church which for administrative reasons is described as the Free Church of Scotland (Continuing) clalms to be morefaithful to the constitutional prlnciples of the Free Church than theother part of the Church resulting from the split. The constitutional documentsof the Free Church of scotland of 1843 remain the founding documents of the Free Church of Scotland (Continuingl. S58nlfttant oblectlves and actlvltles The principal objectives of the congregation, in common with the Church body of which it is a part, is to maintain the public worship of God and advance the 8ospel and kingdom of the Lord Jesus Chris¢ in obedience to Him and in accordance with the Holy Scriptures, The congregation is also concerned to exercise pastoral care and practical concern for those in need. The congregailon maintain5 the ordinances of worship on the Lord's Day, the dispensing of the sacraments of Baptism and the Lord's Supper, organises Sabbath Schools, 8ible Studies, Fellowships. Mid-week and Saturday evening Prayer Meetings, Open Air Preaching, Evan8elistic Outreach and pursues other activthes consonant with its Biblical principles. Details regardin8 the con8regation's Church 51tuated at 361 Fulton Street, Knightswoodcross, Glasgow G13 2SP and the manse situated at 2 Melfort Avenue, Clydebank, Glasgow, G812HX are outllned In Note 6 to the Financial Statement. To facilitate its objectives and aims the Trustees have in place an ongoing program scheduled to ensure the regular maintenance and upkeep of the above properties. The Trustees are committed to ensure that all practical steps are undertaken to promote the wellbeing of each individual child and vulnerable adult in accordance with its Safeguarding Statement and Procedures Policy. Grant maklng pollry The congregation makes donations f rom its income to individuals and organisations whose aims are compatible with the congregation's objectives and are generally known to the Trustees and the congregation. Page 2 of 14
KNIGHTSWOOD FREE CHURCH OF SCOTLAND (CONTINUING) REPORT OF THE TRUSTEES- continued forthe yearended 31 December2024 ACHIEVEMENT AND PERFORMANCE Charltable Activities Throughout the year the Knightswood Free Church Icontinuingl congregation carried out various activitie5 in pursuit of its stated aims and objectives referred to on page 2 as follows.. Meets regularly each Lord's Day at 11.00 am and 6.00pm for public worship. Conducts a mid-week prayer meeting each Tuesday. A joint prayer meetin8 15 held with the Parhck FCICI congregation each Saturday. Mid-week Bible Study. Sabbath School held on the Lord's Day. Church Fellowship Meetings held with invited Missionary Society speakers from time to time. Tract and Magazines distribution to homes around the church from time to t6me. Worship Services are broadcast live for those who are housebound and also recorded and made avallable to the wider church. Endeavour is made to provide spiritual care and social support for the elderly, the sick and those who are confined within their own homes. The Church Website is regularly updated providing church members and the general public wlth information re8ardlng intlmations, news, and audio sermons. FINANCIAL REVIEW Results for the year The financial position of the congregation 15 reflected in the Financial Statements for the year as set out on pages 7 - 14 of this Report. The Trustees acknowledge their gratr'tude and thankfulness to the Lord who has 8raciously blessed us a5 a congre8ation in maintaining and upholding Hi5 Cause among us throughout theyear. Thanks, and appreciation 15 e¥tended to our members and adherent5 for their faithful support and generous contrSbutions towards the temporal needs of the Congregation, Prlnclpal fundlng sources The Knightswood Free Church (Continuin81 primarily receive5 its fundin8 by way of weekly envelop plate and electronic bank payment contributfons along with Gift Aid Income Tax repayment. ReseNes Pollcy It 15 the policy of theTrustee5 to maintain the unrestrScted fund5 at a level to meet ongoln8expenditure requirements throughout the year. The Unrestricted General Fund at 31 December 2024 amount* to £27,42012023 - £20,038) and is a55essed a5 providin8 adequate fundin8 to meet the ongoing work of the Church. Pa8e 3 of 14
KNIGHTSWOOD FREE CMURCH OF SCOTLAND (CONTINUING) REPORT OF THE TRUSTEES- contlnuÈd forthe year ended 31 December 2024 GOVERNANCE, STRUCTURE AND MANAGEMENT GovemlnE Document Kni8htswood Free Church (Continuin81 is established by Constitution. Theconstitutronal documents of the Free Church ol Scotland of 1843 remain the founding documents of the Free Church of Scotland (Continuing). Strutture The congregation is within the Southern Presbytery and is auihori5ed by the Free Church of Scotland (Continuing) to have a Minister paid from its central funds. The minister and elders comprise the Kirk Session, which is responsible for the spiritual oversighr of the congregadon. The financial administration, and matter5 of fabric tre the responsibility of the Trustee5. Under charity 13w the Deacons, Court, which include5 the mini>ter, elders and deacons are deemed to be the Trustees of the Congregation. This is separate from the role of Congregational Trustees responsible only for holding DfoDertv in trust. The Trustees l Deaconc, Courtl who served during the year were.. (Minister and Chairman) (Elder and Session Clerk) l Elderl l Elderl l Deaton} (Deacon) Congresational Truslee5 Appointment ol Charity Trustees The Kirk Session exercises it5 discretion in determining the most appropriate method Df electin8 n&v Trustées l Elders and Oeaconsl. The communicant membersh¥) of the con8ro83tr.on Must be involv in the process of election and must havethe support of the majorityof the communicant membershp. The personlsl eCted must be adjudgeo by the existrng Trustees to be fit for the office of Trustee a1 be conversant with the Church's ethos, aims and objectives as well as its day-to-day operations. As part ot their induction programme new Trustees are required to undertake training to ensure awareness and understanding of.. the duties and responsibilities of Trustee5; the organlsafonal structure of the charily- the financial position of tho charity and,. the future plans objective5 of the charity. Page 4 of 14
KNIGHTSWOOD FREE CHURCH OFSCOTIAND (CONTINUING) REPORT OF TrIE TRUSTEES- continued forthe yearended 31 December 2024 STATEMENT OF TRUSTEE5 RESPOP4SIBIUTIES The Trustees are responsible for prep3rinR the Report of the Trustees and the Financial Statements in accordance with 3pplicable13w and United Kingdom Accounting St3nd2rds IU nited Kin8dnmGeneral Accepted Accountrn8 Practice). The law applicable to charthes in Scotland, the Charities and Trustee Investment (Scotlandl Act 2(M)5, the CharitTre5 Accounts (Scotlandl Re8ulation5 2006 and the provisions of ihe charity'5 consLitutl( requires the Trustee5 to prepare linancial statements foreach financial year which gives a true and fair view of the state of affairs of the chariti and of ihe incoming resources and applicotion of resources, includin8 the income and expenditure. of the charity for that period. In preparin8 those financial Statement5, the Tru5tee5 are required to select suitable accountin8 policies and apply them consistent. observe the method5 and principles in the Charity SORP,, make l udgement5 and esttmates that are reasonable and prudent; state whether applicable accouqting standards have been followed. subject to any material departures disckjsed and explained in the financial statements,. prepare the Ilnancial statÈmÈntg on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping proper accountin8 records which disclose with reasonable accuracy at any timc thc financial position of the charity and to enable them to ensure that the financlal statements comply with the Eharines and Trustee Investment15cotlandl Act 2005, the Charities Accounts Iscotlandl Regulations 2006 and the provision5 of the charity's constitution. Thty are also responsible for safeguarding the a55ets of the charity and hence for taking reasonab steps for the prevention and detection of f raud and other irregularities. Approved by order of the Board of Trustees on 12 February 202S and signed on its behalf by.. Page S of 14
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KNIGHTSWODD FREE CHURCH OF SCOTLAND {CONTINUINGI I reporton the accounts forthe year ended 310ecember 2024 setout on pages 7- 14. Respedive responsiblllties of trustees and examlner Thp ch2rity'£ tru£teeoarp rg%r)nn4iblp Fnrthp r)rpparHh'nn nfthg ar.rniJnt£ in ar.r.nrdanrpwith thptprm of the Charitres and Trustee Investment (Scotlandl Act 2005 and the Cheritie5 Accounts (scotla4) Regulations 2006 las amended). The charity trustees con5iderthat theaudit requirement of Regulation 10111 Idl of the 2006 Accounts Regulations does not apply. It is my responsibility to exarnine the accounts as required under section 44111 Icl of the Act and to state whether particular matters habE come to my 3ttentr'on. Basis of independent examiner's statement My examinat,on is carried out in accordance with Regulation I l of the Charities Account5 (scotla1) Regulations 2006. An examlnation includes a review of the accounfjng records kept bythe 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 explanatr'ons fiom the trustees concerning anv such matters. The procedures undertaken do not provide 311 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 examlner's statement In the courseof my examlnaD"on, no matter has cometo my attentTon'. which give5 me reasonable cause to believe that in any material respett, the requirements.. a. to keep accounnng records In accordance with 5ecnon 4411} lal of the 2005 Act aml Regulation 4 of the 2006 Accounts Regulations; b. to prepare accoLJnts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understandi of the accounts to be re3ched. 12 February 2025 Pa8e 6 of 14
KNIGHTSWOOD FREE CHURCH OF SCOTLAND {CONTINUINGI STATEMENT of FINANCIAL ACTIVITIES forthe yearended 31 December2024 Unrestrtcted Restricted Fund5 Funds 2024 Total Funds 2023 Total Funds Notes INCOME & ENDOWMENTS FROM: Donations and Legacies 9,167 59.650 50,450 Other Trading Income 139 139 160 Investment Income Totsl 50.622 9.167 59.789 50,610 EXPENDITURE ON: Charitable artivitie5 General Activtties Totsl 43,240 43,240 4.243 4,243 47.483 47,483 52,939 52,939 NINcOME/(EXPEND1TUREj Added during Year Transfer between Funds Net movement in Funds 4.924 5.865 12,3 5,865 {2,3291 325,LIXI 7.382 10.789 18,171 322,671 RECONCIUATION OF FUNDS Total f unds brought forward 645.038 2.353 647,391 324.719 TOTAL FUNDS CARRIED FORWARD 10 652,420 13.142 665,562 647.3] The notes form part of these finanaal statements Pa8e 7 of 14
KNIGHTSWLK)D FREE CHURCH OF SCOTLAND (CONTINUING) BALANCE SHEET asat 31 December2024 Unrestricted Restricted Funds Funds 2024 2023 Notes FIXED ASSETS TanEible assets 625,( 625.cix 625,(X)J CURRENT AS5ET5 Cash at bank Prepayments 37,773 3,144 665,917 37,773 3,144 665.917 18,834 3,556 647,39J CREDITORS Amount falling due within one year CURRENT ASSEIS 13541 665,562 13541 665,562 647,39) FUNDS Unrestricted Fund Restricted Funds 652.42C 13, 142 665,562 645,038 2,353 é47,391 TOTAL FUNQ5 io Theffinoncialstgtements wereopprovedby the Boardof Trustees on 12 Februory2025 ondsignedon its behalf by.. Thenotes form partof thesefinanaal statements Pa8e 8 of 14
KNIGTrtr5WOOD FREE CHURCH OF 5COTiAND (CONTINUING) NOTESTO THE FINANCIALSTATEMENTS for the year ended 31 December 2024 ACCOUNTING POUCIES Basls of preparlng the flnanclal statements The financial statement of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance wfch the Chariries SORP IFRS 1021 'Accounting and Reporknng by Charities: Statement of Recommended PrartI applicable to chariti.es preparing their accounts in accordan with the Financial Reporknng Standard applicable in the UKand Republic of Ireland IFRS 1021 leffective l January 20191,, Financial Reporh"ng Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities and Trustee Investment {Scotlandl Act 2005.Theh"nancial statements have been prepared under the historic cost convention as modified by the revaluation of certain assets. The financial statements are prepared in sterling which is the functional currency of the charity. The trustees consider that there are no material uncertainties about the charities abiltty to continue as a going concern. The trustees also considerthere are no significant areas of judgements, estimat or key assumptions that affects items in the accounts. Income All income is recognised in the Statement of Financial Activtties once the charity has entitlement to the income, thereis suffiCientrtainty of receipt and so it is probablethattheincome will be reived. and the amount of income receivable can be measured reliably. Expenditure Liabilitres are recognised as expenditure as soon as there is a legal or constructive obligation commitknn8 the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directty attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tanglble Fixed Assets Tangible fixed assets are initially measured at cost and sub5equentW measured at cost or valuation, net of depreciation and any impairment losses where applicable. Charitable Artivitle5 Charttable expenditure comprises thosecosts incurred by the charity in the delivery of its objects and activities. It includes both I05ts that can be allocated directly to such activities and those costs of an indirett nature necessary to supportthem. The albcation of direct and support costs are analysed in the notes to the financial statements. Taxatto The charity is exemptfrorn income Lixon its charttable aciivities. The tharity is not registered for V.A.T. purposesand Consequential all input VAT is charged against the category of resources expended for which It was inturred. Page 9 of 14
KNIGHTSWOOD FREE CHURCH OF SCOTLAND (CONTINUING) NOTES TO THE FINANCIAL STATEMENTS- continued forthe yearended 31 December2024 ACCOUNTING POUCIES- conttnued Fund Accountiftg Unre5trirted f unds can be used in accordan with the charitable objectives at the discretion of the trustees. Designated f unds are unrestricted funds earmarked by the Trustees for particular purposes. Restrictedfunds can On be used for particular restricted purp05e5within theobjertives of the charity- Restrictions arise when specified by the donor or when funds are raised for particular restritted purposes. Further explanation of the nature and purposes of each fund is included in the notes to the financial statements. Total 2024 Total 2023 Unrestricted Restricted DONATIONS AND LEGACIES Door Collection Freewill Offering Gift Aid Tax Reclaim Building Fund Donations Legacy Donations- Specific Donations- General 754 32.382 9,436 32.382 9,436 7,827 7,776 8,827 2,353 7.827 7,776 2,670 9.167 59,650 50,450 OTHER TRADING AcllviTIES Publications - Witness 139 139 i&J 139 139 16) INVESTMENTINCOME Bank Interest CHARITABLE EXPENSES- GENERAL Remittances to Central Fund5 Churth Expenses Manse Expenses Ministers Expenses Congregational Expenses Donations - (Note 9) 29,236 29,236 8,283 3,324 2,760 28,(KK) 2,3 3.324 2.7E 6,062 1,150 5,970 1,875 52.939 I,Icrf) 43.240 4.243 47,483 Page 10 of 14
bt¥ttiSd*Y 71 H4fé&lli TK
KNIGHTSWOOD FREE CHURCH OF SCOTLAND (CONTJNUINGI NOTES TO THE FINANCIAL STATEMENT5- continued for the year ended 31 December 2024 TANGIBLE FIXED ASSErs Freehold Pro ert Total COST At ljanuary 2024 Additions 625,() 625,(XK) Disposals At 31 December2024 625,CLXI 625,COJ DEPRECIATION At ljanuary 2024 Charge for year At 31 December 2024 NET BOOK VALUE At 31 December 2024 625,(DJ 625,(KK) At 31 December 2023 625,(XK) 625,CO) Church In February 2023. the Church property at 361 Fulton Street. Glasgow. G13 25P was acquired by the congregatr.on from theTrustees of Knightswood Gospel Hall Christian Brethren. The title deeds are n( vested in the names of the Knightswood FCICI LocalTrustees. The Deacons, Court have agreed thatthe Church property be shown in the local financial accounts at a valuaDon of £325.(K)O based on the professional valuation carried out by Neilson Partnership. Chartered Quantity Surveyors. Manse In April 2023 the property at 2 Melfort Avenue, Clydebank. Glas8ow. G91 2HX was acquired by the congregationforthepurposesofa congregational manse.Thetitledeeds are nowvested in the nam of the Knightswood FCICI LocalTru5tees.The Deacons, Court haveagreed thatthe Mansepropertybe shown in the local financial accounts at the cost valuation of £300,000. PREPAYMENTS All prepayments will be released, as retating to expenditure having incurred, by 30 June 2025. CREDITORS: AMOUNTS FALLING DUEWITHIN ONEYEAR 2024 2023 Other Creditor5 354 Page 12 of 14
KNIGHTSWOOD FREE CHURCH OF SCOTLAND (CONTINUING) NOTES TO THE FINANCIAL STATEMENTS- continued for the yearended 31 December 2024 GRANTS PAYABLE The total grants payable during the yearto indNKluals and institutions was as follows.. 2024 2023 Bethany Christian Trust Melville Knox Christian School Parthee Support Fund The Christian Institute Hudson Taylor Ministries International Mission to Jewish People Trinitari2n Bible Society Presentations i(xJ 135 150 I,CBS 2,970 Geographical Allocation Local National Oversea5 1.530 1.740 2,970 10 MOVEMENTIN FUNDS Net Transfers between Funds At 01:01:24 movement in Funds At 31.'12:24 Unre5trirted Fund Property Fund - designated General Fund- unrestricted 625.CKKI 20,038 645.038 625,CKK) 27,420 652.420 7.382 Restricted Funds Fabric Fund - restricted Window Fund- restritted 1353 4.924 7,277 5,865 10.789 5,865 13,142 2.353 TOTAL FUNDS 647.391 18,171 665,562 Page 13 of 14
KNIGkrrswooD FREE CHURCH OF SCOTLAND (CONTINUINGI NOTESTO THE FINANCIALSTATEMENTS- continued f(w the year ended 31 December 2024 11 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- 2023 Unrestricted Restricted 2023 Funds Funds Total Funds INCOME & E[lWmENTS FROM: Donations and Legacies 45,427 5,023 50,450 Other Trading Income IF 18) Investment Income Total 45,587 5.023 50.610 EXPENDITURE ON: Charitable artivities General Artivities Totsl 50.269 50,269 2.670 2.670 52,939 51939 NET INCOME/{EXPENDITVREI Added duringYear- Church Transfer between Fund5 Net movement in Funds {4.&821 325,LU) 2.353 12,3291 325,LK 320,318 2,353 321671 RECONCILIATION OF FUNDS Total funds trought fOard 324.719 324.719 TOTAL FUNDS CARRIED FORWARD 645.037 2,353 647.390 12 TRUSTEES RWUNERATION AND BENEFITS There were no Trustees remuneration for services ren&red. During the year, hi5 family occupied the Church Manse. No ion5ideialK)nwa5 payable Toi IIIL, U 51 U the year, eXFe5 of£27{2O23- £119Jl were incurredon half0f as Minister of the Church. 1 S d5se urin8 n hiq capacity RELATED PARTIES DISCLOSURES During the Knightswood FrÈÈ Church of ScOtnd (Continuing) made donations to the Central Funds of the Free Church of Scotland (Continuing) totalling £29.236.12023 - £28.CO)I. Page 14 of 14