Scottivh Charity No. SC049539
Grace Church Montrose
Trustees. Report and Financial Statements
Year Ended 31 December 2024
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Innes & Partners
Chartered Certit*d A￿oUntartts

Grace Church Montrose
Contents of the FIDanclal StatemeDtsfor theyear ended 31 Decembcr 2024
Page
Re￿rt ofthe Tn￿¢9
R¢port of th¢ Ind¢p¢nd¢nl Examiner
Re4cipts and Paymcnts Account
Statement of Balance8
Note8 to the Financial Statements

Grace Church Montrose
Report of Trusteesfur iheyear ended 31 December 2024
The Trustees are pleased to presellt their report together with the financial statements of the church for the
year ended 31 December 2024.
Status of Ch&rlty EovernlDg document
Grace Church Montrose is established by Constitution and is an unincorporated association. The church is
registered Scortish Charity (No. SC049539).
Address
21 Renny Crecent
Montros¢
Angus
DD109BW
Bgnkerj
Royal Bank of Scotland
Brothock Bridge
Arbroath
DDI I INP
Nationwide
58 High Street
Monlrose
r)DIO 8DB
Virgin Money
114 High Street
Montrose
DD108JE
Aims and affiliation
The Coiigregalion aims to maintain tl?e publi¢ WUPihip of God and to foster Christian lellowship. to
evangelise the loLal area by pr￿laImIng the gospel ofjesus ChrisL lo exercise pasioral lar¢ and praLlical
compassion for those in need; lo uphold and further ihe interests of Ihe Free Church of Scotland; and to
participhle in the worldwide promotion of Christian fellowship and the advancement of the c.hristian faith.
All the business and proceedings of the Collgreg8tion shall be conducted in accordance with the eonstitution
of the Free Church of Scotland, under the supervision of the Presbytery of the bounds, and in lernis of the
Acts. d¢liv¢r8nc¢s or dir¢¢lion5 of th¢ G¢n¢ral Assembly of th¢ Free Church of Scotlartd.
Trusteej and Oftrice Bearerj
The church is congregalional in policy and its day to day Nnning is undertaken by ihc Trust¢es. The Offi¢¢
Be8tErn whD served during thc }'ear and to the datc nf this report were as tDI Inws..
Trusrees
Page I

Grace Church Montrose
Report of the Tru5teesfor the year ended 31 December 2024
Appoin¢JDent of Trustees
New TTUSt¢￿ are non]inated for appointment by the ￿]sting Tn￿te¢s. There is no fixed tern) foT
TnJstx8hip. Prior to th¢ir appoinknent, new Trnstees would have served the church for some lime in
V3rious roles #nd would be familiar with the church's values. it$ aitn$ and objeciive8 as well as its day-tO-
day operations. As part ot. their induction programmc. new T￿Sle¢S are requircd to undersland their
staNtory responsibilities.
Achievements and performance
We have 3 wcekly gruups who ttLeet to study the bll)l¢ ynd to pray. We have monthly m￿'S Breakf￿ts and
now bavc an active Ladi¢s Group who mKt monthly. Our ¢huwh attendance has grown oveT lh¢ past year
and we are actively looking for our own12rgcr premises.
Fin#lld41 review
Prlndpalsourc¢s ollundthg
The church receives ils fiinding from church members and attendees by way of weekly offwing& and Gift
Aid don&tiow.
Resmltsfor theyear
AS a resulL ora surplus for the year of £3.813 (2023.. surplus of £6,220), lola] reserves ut 31 December 2024
amounted to £150,227 (2023: £146,414). The general fund at 31 December 2024 amount¢d to £38.183
(2023.. £146,414) and the designated fijnd omounted ￿ £112,044 (2023: £nil).
Reservav
It is the policy of the church to maintsin unrestricted fjjnds, that 18, funds nol committ¢d or invested in fixed
asset4 at a level whick equates to approximately 6 month's unrestricted expenditurc. This allows sutTi¢i¢nt
runds to enablc the ongoing work orth¢ church lo be maintained. Tho unrestr1c￿d General Fund on page
5 and notc 5 at 31 December 2024 amounted to £38,183 (2023.. £146.414) and wa3 al th¢ r¢quiTed level.
On bchalf of the Trustees
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Grace Church Montrose
Report of the Independent ExAminer to the Trusteesfor theyear ended 31 December 2024
I report on the accounts of the church for the year ended 31 December 2024 which ar¢ set out on pages 4
to7.
Respectiv¢ responJibllldeJ of trustees and exauthier
The Charity's Trustees arc responsible for thc preparation of the accounts in aecon12nce with the tem]s of
the Charitiag and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland)
Regulations 21x16 (as amended). The Charlty's Trustees consider that the audit requirement of Regulation
l O(l) (d) of the Accounts Regulations does not apply. It is my Tesponsibility to examine the 8¢¢oullts as
required under section44(1) (c) of the A¢t and lo state whetherparticularmatters have come lo my att¢nlion.
BA81$ of Independ¢DI ¢xamiwer'g Jtatement
My examination is carried out in accordance with Regulation I l of the Ch￿111¢￿ Accounts (Scotland)
Regulalions 2006 (as ameoded). AD examinaitots includes a review of the accounling records kept by the
charity and a comparisoo of the accounts wesented with those records. Il also in¢lude$ consideration of
any utiusual items or disclosures in the accounty and seeks explanations from the ttustees concerning such
matters. The procedures undertakcn 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 accountg.
Imdtpenden¢ Ex8mln¢r'i StstemeDt
In the course of my exarnination, no matter has come to my attention
I, which gives rne reasonable cwse to believe that tn any materiAI respect the requirements..
lo keep accountin8 Tccor(Ls in accordanrK with S￿li0n 44(1) (a) of the 2005 Act and Regulation 4
of Ihe 2006 Accounts Regulations (as amended), and
lo prcpare accounts which accord with th¢ a¢counLing rword5 and comply with Regulation 9 of th¢
2006 AcGouDts R¢gulations (as amcndcd)
have not been meL or
2. to which, in my OPTftiON attention should be drawn in order to enable 2 proper understanding of Ihe
accounts to be reached.
Innes & Parthers Limited
Chartered Certified AceountAnts
Innes House
18 Shllitps Business Park
HoustOUD Road
Llvingston
EH54 5FD
Dafr: ..
2025
Page 3
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Innes & Partners
Cfr43rtered Cortifvd Accwntants

Grace Church Montrose
Receipts and Payments Ateountfor tAeyear ended 31 December 2024
Notej
Genergl
fund
D*nated
Fund
2024
Tot41
2023
Total
Reeelpts
Plat¢ offAIDg8
Gift Aid offffings
Gift Aid tax r¢bates
DonaliL)ns
Gran18
R￿ord salc
Interest
11,885
26.250
8,823
403
iO,(XK)
82
.277
11,885
26,250
8,823
403
10.000
9.249
24.656
8,093
3,905
10,o(Ki
76
1,537
1.680
2.957
Total recelpts
58,720
1,680
57,516
PayD￿nts
Staff costs
Pulptt supply
Rewrd MaBazinYs
Bible5
Prcsbctcry dues
I)onAtiong
Rent
Licences
Computw exp￿$¢5
Miscellaneous expen8ag
Sernum (net) fee
Sunday schoovsiory keepers
Gift aid fees (admin)
Legal fee
Independent Examin&s fee
47,076
512
47,076
512
45,020
375
148
72
loo
1.147
2,190
453
385
875
90
30
loo
lJ75
2JlO
377
438
1.375
2.310
377
438
389
210
150
210
150
331
2,408
720
162
39
331
2,408
720
240
Totsl payments
56.587
56J87
51296
sUrplu￿(DefiC1t) for tbt year
2,133
1,680
3,813
6,220
TrAn8fer8 between funds
(110,364)
146,414
110,304
Total fvnds brought forward
Tot41 funth carried foDvard
146,414
140,194
183
112,IM4
150,227
14&414
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Grace Church Montrose
Statement of Balances as ai 31 December 2024
2024
2023
Openjng
balance
Surplus
for year
Closth2
b8lAnct
Openlng Surpllls CloslD2
bal*nte
for year
bAlaDce
Ballk and eg8h
146,414
3.813
150,227
140,194
6220
146,414
Total Assets
140,414
3,813
150.227
140.194
6,220
140,4J4
Repr￿ellted by:
Unrestrlcted
Gcneral fur
Dofignatedfund¥
Property/Oth4x Staffingffi.mtrgew ￿Thd
Proptrty fund
3&183
146,414
30,036
82,008
150,227
146,414
Stat¢D*llt of amets (at VAluAtlon)
Gift Aid duv
2.233
1,931
stAteD￿nt of Ilabllltlel
lNlqJ¢ndrni cxan2incr'5 fees
Professional fe&8
660
144
I g/ol./.....
Tr financial 8tAtcments on pa8es 4 to 7 were aM)roved by the Trnstees on ...
Si￿ed on their behalf by the undtrrn)t￿.
2025 and
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Grace Church Montrose
Notes to the Ilnan¢ial staternentsfor theyear ended 31 December 2024
l. A¢¢owiting pollcles
Accountsng comwnilon
Th¢ r]nancial State￿18 have been prcparcd under the historical cost conv￿LtiOn. and in accordance
the Clwities Accoullts (Scotland) Regulations 2LK16 (as atnendd).
Basis ofJ7nAn¢lal slalements
The fina￿1￿1 statements have been pr¢pared on a receipts a￿] payments basis.
Church IHcome
All voluntary iwome. income from Lqx I￿0V¢r1￿ on Gift Aid and bank intrnt is accountd for whffl
Recelpts 4ndpayments accom
For the purpose of the Receipts and pay￿￿t8 account as Bhown on pagc 4, funth arc &fincd as follows:
Unrestrlcted funds compri¥¢ granls atld other income received for th¢ ObJ￿ts of th¢ ¢hur¢h without
fiffther specified punjose and are available as 8cneral fund8.
Ratrl¢ted funds coryrise Inco￿ Hthich has be￿ rtteived for th¢ objects of thc church and specified for
a restric￿] pu￿0￿ within these (t+je¢is by lh¢ th)nor.
2. TraM•¢doN vAth Tr￿te
There were no Irdnsactions with the Trustea8 during Ihe year ￿dIng 31 D￿ember 2024 (2023: nil). Th¢
Minister is a trustee and his remuneration is disclosed below. This was in Conn￿(10n with his p48toral
work, not his rolc as a TnJ3tee.
3. Staff costs and
2024
2023
Gro88 Salary ernployws Nl
47,076
45.020
47,076
45,020
Th¢ 4V¢rn8e nunthw of ary)loY￿& thwing the year WAS l (2023: 1),
4. Glfts and donvdtio
GeoerAI
Total
2024
2023
Bethany Cbristian Trnst
Scottish Bible s￿Iety
Scripture Union
CBM
Tearfvnd
Charleston Free Churcb Pknt Dun
Galashiels Free Church
Free Church of Scotland {Camps)
290
30
40
200
85
50
51x1
3(x)
40
200
85
50
51XJ
51JO
115
672
lJ75
la75
.147
P&ge 6

Grace Church Montrose
Notes to the financial Statementsfor theyear ended 31 December 2024
& Umre8trlcl¢d fwidj
BalAn¢t at
31.12.24
01.01.24
RtteApts Pxywttts Tranifer
GeneTai fimd
146.414
58,720
(56.587) (110,364)
38.183
Designatedfyndy
Properrylother St4tYMWEm￿8¢￿y furNJ
Propty fi￿d
T(rtal deJignAt¢d fwidj
T￿*1 unre8trleted fyDd$
126
1,554
1.080
29.910
80,454
IIOJ04
3•.030
82.IK18
112,044
146,414
608
($6J8D
150,227
The Generulfvnd ¢ncompasses all incom¢ Ond cxp¢nditur¢ relaiing to the primary focus athivities of the charity.
Th¢ deJigKa¢&lProperty/Oth¢r Siaffing/Emep3encyfynd represents money set aside bythe tn]stees
Propetylotber Staffin￿MergencY PUTP(M5.
The deSi8n￿edProFeTtyfvxd rq)r¢sents rn(Trney set aside bythe trustees for firture proptypurch8Sts.
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