Registered Charity Number: SC 049083 (Scotlandl REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 FOR KNIGHTSWOOD FREE CHURCH OF SCOTLAND (CONTINUING) I Cbk
KNIGHTSWOOD FREE CHURCH OF SCOTLAND ICONTINUINGI LEGALAND ADMINISTRATIVE INFORMATION Charity Name Knightswood Free Church ol Scotland Icontr'nuingl Charity Number Iscollandl SC 049083 Principal Address C/0 Congregatronal Treasurer 80 Union Place Brightons Falkirk FK2 OFH Denominational address CIO General Treasurer Copperfield House Culloden Road Westhtll Invernes5 IV2 5BP Trustee5 The Trustees comprise all members of the Deacons, Court, the membership which is listed within their report on Page Independent Examiner Mr John N Gillies 19 Falkland Street Glasgow G12 9PY Church Address 361 Fulton Street Knight5wood Cr055 Glasgow G13 2SP Church Website www.knightswoodchurch.org Bankers Bank of Scotland 20 Busby Road Clarkston Glasgow G81 IRP Page l of 14
KNIGHTSWOOD FREE CHURCH OF SCOTLAND ICONTINUINGI REPORT OFTHE TRUSTEES for the year ended 31 December 2025 The Trustees have pleasure in presenb'ng their Report along with the Financial Statements of the charity for the year ended 310ecember 2025. The Trustee5 have adopted the provisions of Accounting 8nd 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 IFRS 1021 leffective 01 January 20191. OBJECTIVE AND ACTIVITIES Affiliation. objectfves and aims The congregabon Is part of the Free Church of Scotland Icontintjingl denominatron with congregations in the UK, Canada, USA, Sri Lanka, Spain, France and Portugal. This Church is Presbyterian in Church government 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 existence historically in 1843 and within which there was a split in January 2000. That part of the Church which for administratt.ve reasons 15 described a5 the Free Church of Scotland IConD'nuingl claims lo be more faithful to the constitutional principles ol the Free Church than the other part ol the Church resulting from the Split. The constituh.onal documents of the Free Church of Scotland of 1843 remain the founding documents of the Free Church of scotland Icontrnuingl. Significant objectives and activities 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 gospel and kingdom of the Lord Jesus Christ, In obedience to Him and in accordance with the Holy Scriptures. The congregaDon is also Concerned to exeYci5e pastoral care and practical concern for those in need. The congregatron maintains the ordinances of worship on the Lord's Day, the dispensing of the sacraments of Baptism and the Lord's Supper, organises Sabbath Schools, Bible Studies, Fellowships, Mid-week and Saturday evening Prayer Meetings, Open Air Preaching, Evangelistic Outreach and Pursues Other activities consonant with its &iblical principles. Details regarding the CDnEregation's Church situated at 361 Fulton Street, Knightswood Cros5, Gla580w, G13 2SP and the manse situated at 2 Melfort Avenue, Clydebank, Glasgow. G81 2HX are outlined 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 prathcal step5 are undertaken to promote the wellbeing of each individual child and vulnerable adult in accordance with it5 Safeguarding Statement and Procedures Policv. Grant making policy The con8reearion make5 donatt'ons from its income to Individuals and organi5ation5 whose aims are compatible with the congregatr'on's objectives and are generally known to the Trustees and the congregation. Page 2 of 14
KNIGHTSWOOD FREE CHURCH OF SCOTLAND ICONTINUINGI REPORT OF THE TRUSTEES- continued for the year ended 31 December 2025 ACHIEVEMENT AND PERFORMANCE Charitable Activities Throughout the year the Knightswood Free Church Icontilluingl congregation carried out various activities 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 meeknng each Tuesday. A joint prayer meetr'ng is held with the Parts'ck FCICI congregation each Saturdav. Mid-week Bible Study. Sabbath School held on the Lord's Day. Church Fellowship Meetings held with invited Missionary Society speakers from time to trme. Tract and Magazine5 distribution to home5 around the church from trme to tr"me. Worship Service5 are broadcast live for those who are housebound and also recorded and made available 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 thei¥ own homes. The Church Website is regularly updated providirTrg church member5 and the general public with information regarding intimation5, news, and audio Sermons. FINANCIAL REVIEW Results for the year The hnancial position of the congregation is reflected in the Financial Statements for the year as set out on pages 7 - 14 01 this Report. The Trustees acknowledge their grab'tude and thankfulness to the Lord who has graciously blessed us as a congiegarion in maintaining and upholding His Cause among us throughout the year. Thanks, and appreciatiori is extended to our members and adherents lor their faithful support and generous contributions towards the temporal needs of the Congregation. Principal funding sources The Knightswood Free Church (Continuingl primarily receives its funding by way of weekly envelope, plate and elertronic bank payment contribub'ons along with Gift Aid Income Tax repayment. Reserves Policv It is the policy of the Trustees lo maintain the unrestricted funds at a level to meet ongoing expenditure requirements throughout the year. The U nrestricted General Fund at 31 Oecember 2025 amountrng to £31,99512024 £27,420) and is assessed as providing adequate funding to meet the ongoing work of the Church. Page 3 of 14
KNIGHTSWOOD FREE CHURCH OF SCOTLAND ICONTINUINGI REPORT OFTHE TRUSTEES- continued for the year ended 31 December 2025 GOVERNANCE, STRUCTURE AND MANAGEMENT Governing Document Knightswood Free Church Icomtinuingl is established by Constitution. The constitutional documents of the Free Church ol Scotland of 1843 remain the founding documents of the Free Church of Scotland Iconts'nuingl. Structure The congregation is within the Southern Presbytery and is authorised by the Free Church of Scotland IContr"nuingl to have a Minister paid from its central lunds. The minister and elders comprise the Kirk Session, which 15 responsible for the spiritual oversight of the congregation. The financial administration. and matter5 of fabric are the responsibility Df the Trustees. U nder charity law the Deacons, CoLsrt, which includes the minister, elder5 and deacons are deemed to be the Trustees of the Congregation. This is separate from the role of Congregational Trustees responsible only for holding property in trust. The Trustees (Deacons, Courtl who served during the year were.. Rev. Gyaeme Craig Mr George Mcmillan Mr Murdo A Campbell Mr Alaslair Manderson Mr Jonathan A Keddie Mr S. Campbell McBain Ilnterim Moderator and Chairmanl (Elder and Ses510n Clerk) (Elderl (Elderl (Deacon) (Deacon) Congregational Trustee5 For holding property Messrs Murdo A Campbell, Alasdair Manderson, George Mcmillan, and Campbell McBain. Appointment of Charity Trustees The Kirk Session exercises its discreb'on in determining the most appropriate method of electing new Trustees (Elders and Oeaconsl. The communicant membership of the congregation must be involved in the proce55 of election and must have the support of the majority of the communicant membership. The personlsl elected must be adjudged by the existt.ne Trustees to be fit lor the office ol Trustee and be conversant with the Church's ethos, aims and objectives a5 well a5 Its day-to-day operations. As part of their induction programrlle new Tfustees are qUired to undertake training to ensure awareness and understandin8 of.. the duties and responsibilities of Trustee5' the OT8anisational structure ol the charity; the linancial position of the charity and., the future plans and objethves of the charity. Page 4 of 14
KNIGHTSWOOD FREE CHURCH OFSCOTLAND ICONTINUINGI REPORT OF THE TRUSTEES- continued for the year ended 31 December 2025 STATEMENT OF TRUSTEES RESPONSIBILITIES The Trustees are responsible for preparing the Report of the Trustees and the Financial Statements i accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practs'cel. The law applicable to charib'es in Scotland, the Charities and Trustee Investment (Scotlandl Act 2005, the Charities Accounts (Scotlandl Regulattons 2006 and the provisions of the charity's constitLJtion requires the Trustees to prepa re financial statements for each financial year which gives a true and fair view of the state of affairs of the charity and of the incoming resources and application ol resources. including the income and expenditure, of ihe charity for that period. In preparing those fi.nancial statements, the Trustee5 are required to select suitable accounting policies and apply them consistently.. observe the methods and principles in the Charity SORP; 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 fi.nancial statements,. prepare the hnancial statement5 Oll the Boin@ concern basis unless it is inappropriate to pSurne that the charity will continue in busiNe55. The Trustees are responsible for keeping proper accountin8 records which disclose with reasor)able accuracy al any time the linancial position of the charity and to enable them to ensure that the fi.nancial statements comply with the Charihes and Trustee Investment Iscotlandl Act 2005, the Charities Accounts Iscotlandl Regulations 2006 and the provisions of the charity's constitution. They are a150 responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irglarI.e$. Approved by order of ihe Board of Trustees on 12 March 2026 and signed on it5 behalf by.. (i (l -1 Rev. Graeme Craig- Trustee (Chairman) Mr. Alastair Manderson Trustee Page 5 of 14
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF KNIGHTSWOOD FREE CHURCH OF SCOTLAND ICONTINUINGI I report on the accounts for the year ended 31 December 2025 set out on pages 7 - 14. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the prepaiab'on of the accounts ¢n accordance with the terms of the Ch3ritie5 and Trustee Investment (Scotlandl Acl 2005 and the Charities Accourht5 Iscotlandl Regulations 2006 las amended). The charity trLJStees considerthat the audit reqtjirement ol RegLJlation 10111 Idl of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under secn'on 44111 Icl of the Act and to state whether particular matters have come to my attention. Basis of independent examiner's statefflent My examination is carried out in accordance with Regulation 11 of the Charities Account5 (Scotlandl Regulations 2006. An examination includes a review of the accountrn8 records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accoLJnts, and seeks explanarons from the trustees concerninE any such matters. The procedures undertèken do not provide all the evidence that woulL4 be required in an audit, and consequently I do not expre5$ an audit opinion on the view given by the account5. Independent examiner's statement In the course of my examination, no matter has come to my attention.. which 8ives me reasonable cause to believe that in any material respect, the requirements.. to keep accounttng records in accordance with Section 44111 lal of the 2005 Act and Regulation 4 of the 2006 Account5 Regulations,. to prepare accounts which accord with the accountrn8 records and comply with Regulahon 9 of the 2006 Accounts Regvlatrons have not been met,. or to which, in my opinion, attention should be drawr in order to enable a proper understanding of the accounts to be reached. John 19 Falkland Stieet Glasgow G12 9PY 12 March 2026 Page 6 of 14
KNIGHTSWOOD FREE CHURCH OFSCOTLAND ICONTINUINGI STATEMENT of FINANCIAL AcfiviTIES for the year ended 31 December 2025 Unrestricted Restricted 2025 2024 Funds Funds Total Funds Total Funds Notes INCOME & ENDOWMENT5 FROM: Donations and Legacies 56,221 1,4(M) 57,621 59,650 Other Trading Income 234 234 139 Investment Income Total 56,459 1,400 57,855 59,789 EXPENDITURE ON.. Charitable activities General Activities 48,969 48,969 16,034 16,034 65,003 65,003 47,483 47,483 Total NET INCOMEIIEXPENDITUREI Added during Year Transfer between Funds 7,485 114.6341 17,1481 12,306 5,865 11,4921 5,994 1,492 113.1421 Net movement in Funds 17,1481 18,171 RECONCILIATION OF FUNDS Total funds brought forward 652,420 13.142 665,562 647,391 TOTAL FUNDS CARRIED FORWARD io 658,414 658,414 665,562 The notes form part of these financial statements Page 7 of 14
KNIGHTSWOOO FREE CHURCH OF SCOTLAND ICONTINUINGI BALANCE SHEET as at 31 December 2025 Unrestricted Restricled 2025 2024 Funds Funds Total Funds Total Funds Notes FIXED ASSETS Tangible assets 625,0(K) 625,Q)O 62S,000 CURRENT ASSETS Cash at bank Debtor5 Prepayments 25,595 4,324 3.494 658,414 25,595 4,324 3,494 658,414 37,773 3.144 665,917 CREDITORS Amount falling due within one year NETCURRENT ASSETS 13541 S65,562 658,414 658,414 FUNDS U nrestricted Fund 658,414 652,420 13,142 665,562 Restricted Funds TOTAL FUNDS io 658,414 Thefinonciol stotements were approved by the Board of Trustee5 on 12 Murch 2026 ond signed on its behalf by.. Mr. Robert Gilmour- Treasurer Mr. Murdo Campbell - Trustee The llotes form part of these fi.nancial statements Page 8 of 14
KNIGHTSWOOD FREE CHURCH OF SCOTLAND ICONTINUINGS NOTESTO THE FINANCIAL STATEMENTS for the year ended 31 December 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statement ol the charity, which is a public benelit enrity under FRS 102, have been prepared In accordance with the Charities SORP IFRS 1021 'Accountt'ng and Reporting by Charibes.. Statement of Recommended Practice 3pplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 leffectr.ve l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charitie5 and Tru5tep Investment Iscotlandl Act 2005. The financial statements have been prepared under the historic cost convention as modified by the revaluation of certain assets. The h'nancial statements are prepared in sterling which is the functional currency of the charity. The trustees consider that there are no material uncertainties about the charib'es ability to conts'nue as a going concern. The trustees also consider there are no signifi'cant areas of judgements, estimates or key assumptions that affects items in the accounts. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the income. there is sufficient certainty of receipt and so it is probable that the income will be ieceived, and the amount of income receivable can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructr.ve obligats'on commithng the charity to that expenditure, it is probable that a tiansfer 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 classifi.ed under headings that aggregate all costs lated to the category. Where costs cannot be d1CtIV attribLJted to particular headings they have been allocated to activittes on a basis consistent with the use of resources. Tangible Fixed Assets Tangible hxed assets are initt'ally measured at cost and subsequently measured at cost or valuation, net of depclaon and any impairment losses where applicable. Charitable Activitie5 Charitable expenditure comprises those costs incu rred by the charity in the delivery ol its objerts and activities. It includes both costs that can be allocated directly to such activites and those costs of an indirect nature neie55ary 10 Support ihem. The allocation of direct and suppoTt cost5 are analysed in the notes to the financial statements. Taxation The charity is exempt from income tax on its Ihariiable activities. The charity Is not registered for V.A.T. purposes and consequentially all input VAT is chaiged against the category of resources expended for which it was incurred. Page 9 of 14
KNIGHTSWOOD FREE CHURCH OF SCOTLAND ICONTINUINGI NOTE5 TO THE FINANCIAL STATEMENTS- continued for the year ended 31 December 2025 ACCOUNTING POLICIEScontinued... Fund Accounting Unrestrirted funds can be used in atcordance with the charitable objectives at the discretion of the trustees. Designated funds are unrestritted funds earmarked by the Trustees for particular purposes. Restrictedfund5 can only be used for particular restricled purposes within the objectives ol the charity. Restrictions arise when specihed by the donor or when funds are raised for partrcular restricted purposes. Further explanats.on of the nature and purposes of each fund is included in the notes to the financial statements. Total 2025 Total 2024 Unrestricted Restricted DONATIONSAND LEGACIES Door Collectton 2,967 35,189 14,154 2,911 1,000 2,967 35,189 14,154 3,791 1,000 520 890 Freewill Offering Gift Aid Tax Reclaim Building Fund Donatt'ons Legacv Donation5 - Specific Donattons - General 32,382 9,436 7,827 7,776 1,340 880 520 56,221 1,400 57,621 59,650 OTHER TRADING ACTIVITIES Publicab'ons- Witness 234 234 139 234 234 139 INVEsfMENT INCOME Bank Interest CHARITABLE EXPENSES- GENERAL Remittances to Central Funds Church Expen5e5 Manse EMpen5es Ministers Expenses Con8regational Expenses Donations- (Note 91 29,OOD 9,012 2,876 1,755 4,526 1,800 48,969 29,000 21,266 6,136 1,755 4,526 2,320 65,003 29,236 8,283 3,324 2,760 1,440 2,440 47,483 12,254 3,260 520 16,034 Page 10 of 14
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KNIGHTSWOOD FREE CHURCH OF SCOTLAND ICONTINUINGI NOTESTO THE FINANCIALSTATEMENTS- continued forthe yearended 31 December 2025 TANGIBLE FIXED ASSETS Freehold Pro Total COST At l January 2025 Additions Disposa15 At 31 December 2025 625,000 625,000 625,000 625,000 DEPRECIATION Al l January 2025 Charge for year At 31 December 2025 NET BOOK VALIJE At 31 December 2025 625,000 625,000 At 31 December 2024 625,000 625,000 Church In February 2023, the Church property at 361 Fulton Street, Glasgow, G13 2SP was acquired by the congregation Irom the Trustees of Knight5wood Gospel Hall Christian Brethren. The kntle deeds are now vested In the names of the Knightswood FCICI Local Trustees. The Deacons, Court have agreed that the Church property be shown in the local financial accounts at a valuatron of £325,000 based on the professional valuation carried out by Neilson Partnership, Chartered Quantity Sutveyors. Manse In April 2023 the property at 2 Melfort Avenue, Clydebank, Glasgow, G81 2HX was acouired by the congregation for the purposes Df a congregatiorbal manse. The title deeds are now vested in the names of the Knightswood FCICI Local Trustees. The Deacons, Court have agreed that the Manse property be shown in the local fi.nancial accoLsnts at the cost valuation of £3,000. PREPAYMENTS All prepayments will be released, as relah'ng to expenditure having incurred, by 30 June 2026. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other Credilors 354 Page 12 0114
KNIGHTSWOOD FREE CHURCH OF SCOTLAND ICONTINUINGI NOTES TO THE FINANCIAL STATEMENTS- continued for the year ended 31 December 2025 GRANTS PAYA8LE The total grants payèble durillg the year to individLJals and insb'tutions Was as follows.. 2025 2024 Bethany Christian Trust Melville Knox Christian School Parthee Support Fund The Christian Insb'tute Hudson Taylor Ministries International Mission to Jewish People Trimitarian Bible Societv Presentations 280 600 1,440 100 300 1,440 150 150 150 150 480 2,800 2,440 Geographical AIIIKation Local NationBI Overseas 1.360 4(x) 31Y) 1,440 2,800 1,740 2,440 io MOVEMENT IN FUNDS Net Transfers between Funds At 0110112025 movement At 31/1212025 in Funds Unrestrirted Fund Property Fund - Designated General Fund Building Fund - Designated 625,000 27,420 625,000 31,995 1,419 658,414 4,574 2,911 7.485 11,4921 11,4921 652,420 Restricted Funds Building Fund Window Fund 7,277 5,865 13,142 18,7691 15,8651 114.6341 1.492 1,492 TOTAL FUNDS 665,562 17,1481 658,414 li EXPLANATION OF FUNDS The Property Fund- Designated represents freehold property owned by the congregation. The General Fund represents unrestricted funds which the Trustees are free to use In accordance with the charity's objectives. The Building Fund Designated represents unrestricted funds earmarked by the Trustees for the upkeep of the freehold propertv. The restricted Building Fund represents donatr.ons given specilically for the upkeep of the freehold property. The Window Fund represents the amoijnt the congregaDon received as a grant for the replacement of the Church window. Page 13 of 14
KNIGHTSWOOD FREE CHURCH OF SCOTLAND ICONTINUINGI NOTESTO THE FINANCIAL STATEMENTS- continued forthe yearended 31 December 2025 12 COMPARATIVES FOR THE sfATEMENT OF FINANCIAL ACTIVITIES- 2024 Unrestricted Funds Restricted Funds 2024 Total Funds INCOME & ENDOWMENTS FROM: Donations and Legacies 50,484 9,167 59,650 Other Trading Income 139 139 Investment Income Total 50,622 9,167 59,789 EXPENDITURE ON: Charitable activities General Activities 43,240 43.240 4,243 4,243 47,483 47,483 Totsl NET INCOMEIIEXPENDITURE} Added during Year- Church Transfer belween Funds Net movement in Funds 7,382 4.924 5,865 12,306 5,865 7,382 10,789 18,171 RECONCILIATION OF FUNDS Total funds brought lorward 645,038 2,353 647,391 TOTAL FUNDSCARRIED FORWARD 652,420 13,142 665,562 13 TRUSTEES REMUNERATION AND BENEFITS There were no Trustees remuneration lor service5 rendEred. During the year, Rev. Calum Srniih and his family occupied the Church Manse. No consideration was payable lor the use of this a55et. During the year, expenses of £175512024 - £27601 were incurred on behalf of Rev. Calum Smith in his capacity as Minister of the Church. 14 RELATEO PARTIES DISCLOSURES During the year. Knightswood Free Church of Scotland (Continuing) made donation5 to the Central Funds of the Free Church of Siotland (Continuingl totalling £29,000.12024 £29,236), a charity where Mr Alastair Manderson, is also a Trustee. Page 14 of 14