The Church of Scotland Culloden and Ardersier Church of Scotland CONGREGATIONAL ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Congregation No. 372166 Scottish Charity No. SC000662 Receipts & Payments Accounts
Trustees. Annual Report- year ended 31 December 2024 The Twstees present the annual report and accounts for Culloden and Ardersier Church of Scotland, for the year ended 31 December 2024. Reference and Administrative Information Charity Name Culloden and Ardersier Church of Scotland Charity Registfation No. SCOCX)662 Congregation Reference No. 372166 Contact Address The Chuich Office The Barn, Church of Scotland, Culloden House Avenue Culloden Inverness IV2 7AB Tntstees Minister Church ITkI Session Current IActive M@mber5 at 31 De"ember 2024 Session Clerk Session Members '. (active at year endl Property Conveneis Church Treasurer NotE.- ¥The Treosurer is not o Session Member but considered us o Trustee due to artive involvement in the day to doy business operation.
Reference and Administrative Information (cont,) PrFn¢ipal Office BeaTers at year end :_ Minister Session Clerk Mission Dev Assistant Property Conveners Safe Guarding Officers Treasurer Church Manager (Barn) Local Mission Church Leader5hip'. Independent Examiner:. Bankers The Royal Bank of Scotland plc Website:. www.bafnchurch.or Site Locatlons The Barn. Church of Scotland, Culloden House Avenue, Culloden. InvÈrne55, Highland, IV2 7AB. Ardersier Pan5h Church of Scotland. 50 High Street, ArdersiÈr, Inverness. Hi8hland, IV2 7QE.
Trustees, Annual Report Year ended 31 December 2024 Structure, Governance and Management Governing Document The Church is administered in accordance with the terms of the Deed of Constitution (Unitary Forml. Recruitment and Appointment of Trustees Members of the Unitary Board are the Charity Trustees. The Unilary Board 15 made up of The Minister aTrd Kirk Session members Iwho are the Elders of the Church and are chosen from those members of the Church who are considered to have the appropriate gifts and skills) and in addition the Kirk Session have invited individua15 who are believed io have the skills and cornmitrnent to contribute to the management affairs of the Church. to work with thern as members of the Unitary Board. Organisational Structure The Unitary Board is chaired by the Minister and meets a minimum of 51X times in a year. There are a number of core Teams within the Board. The Kirk Session members are responsible for spiritual affairs within the Church and they a150 ove¥see & guide teams establishe(J with special responsibility for Worship,. Nurture,. Frontline,. Property and Finance & Administration as appropriate. Objertives and Activitles Thè Church of Scotland is Trinitarian in doctrine, reformed in tfadition and Presbyterian in polity. It exists to glorify God and to work for the advancement of Christ's Kingdom throughout the world. As National Church, it acknowledges a distinctive call and duty to bring the ordinances of religion to the people in every Parish of Stotland through a territorial ministry. It co-operates with other Churche5 in various ecumenical bodies in Scotland and beyond. The Barn Church Culloden, provides Sunday worship service5 for members and the wider Parish population of all ages and learning abilities. Ardersier Parish Church is our Local Mission Church nurturing the local Christian community in that area. As a United Church we continue to foster caring evangelism to meet the needs of our community, with a special focus the poorest and most marginalised.
Trustees, Annual Report (cont.) Year ended 31 December 2024 Achievements and Performance 2024 is our first fijll year as a United Church known a5 Culloden & Ardersier Church of Scotland. Our Membership Roll as at December 20Z4 was 164 Members and 37 Friends. Our in-person & virrual Sunday Morning Worship SeiCe at rhe Barn Church Culloden has attendances of c70. Our Local Mission Church ILMC) at Ardersier has c25 attending. Some highlights from our 2024 calendar.. - Sunday Club for Primary School young people, Youih Group Sundays & Pizza / SU Meetings Kinderland for Pre School Children. Boys Brigade meet weekly in our Church Premises. Bible Study Groups. Various Prayer & House Groups. Sunday Prayer Ministry. Reminiscence Groups~ outings & events for our elderly. Sozo Healing & Deliverance Ministry. Monthly Exchange Hub. Weekly (Winter) Warm Soci21 Hub - soup / coffee. tea, etc. LMC - Godly play for primary aged children LMC - Calé Library Iweekly outside summer months) LMC - Men's monthly Breakfast Group. LMC - Weekly Bible study [Oasi5 Groupj LMC- Monthly Café Church (the third Sunday in the Fnonth), LMC- Harvest Lunch LMC- working to support Ardersier Youth Forum with Communiry styled events Holy Communion was held at the Worshipping Church (Barn) four times during 2024. Supporting our Community via our Community Fridge. This assists in reducing the amount of food waste flowing to landfill. Gardening Group met 4 times weekly to develop / manage our Community Garden. Food grown transfers to our Comtnunity Fridge. Food 4 Good - supporting those in "short-term" need in our community. This is partnered with major supermarkets and assists with carbon footprint. Food 4 Good 2024 Christmas Hamper Appeal- supporting c200 familie5. In lune 2024 we iFJducted our new Minister and this has reinvigorated us as we look to move forward as a united Church. We continue ro remain faithful looking to adapt our Church and Ministry to meet the needs of God's people.
Tru5tees' Annual Report {cont.) Year ended 31 December 2024 Financial Revlew The accounts for the united Church which we are now presenting reflect 12 months trading artivity at the Barn Church & Arder5ier Church (the United Church known a5 Culloden and Ardersier Church of 5cotlandl. The prewous year data reflects 8mths Barn and only 4mths United Iwe united at end Aug 20231. At the year end131 Decernber 20241 we held 8 active funds-. GeneralFund Total General Fund Income wa5 c£108k. However, during the year we have received a nurnber of "one off" income receipts which will not be repeated eg Utility refunds following Union c£4000 and redundant Equipment / flooring sales c£4450 and a one-off Presbytery Grant ceipt £8310 resulting in an overall adjusted income of c£91k. which is broadly in line with 2023 adjusted incorne. Total General Fund ex enditure was c£123k and after adjusting a One-off expenditure of c£8k in respect of Minister Appointment Expenses our adjusted expenditure is t£115k. However. we remain mindful that during the period under review we were in a ministerial vacancy situation for c6mths for which we received the benefit of a vacancy allowance of £5069 set against our Giving to Grow 2024 requirement. In 8eneral terms pre adjustments we hève income of c£108k, expenditure of c£123k and interfund movements c£4k resulting in a de c£19k. Taking account of the aforementioned one off adjustments we have net income of c£91k, expenditure of c£115k and interfund transfer receipts of £1.5k producing a trading deficit of c£22.5k. Fubric Fund The Fabric Fund Temains to support internal and external building fabric of our Churches and Manse. Desi noted otherFunds sund Club. Kinderlond- Reminiscence Grou - Sozo Minist . Garden Fund & Shoebox All remain active areas of Church life for which we maintained individual de5>gnated Fund Accounts. Our Shoebox Fund was closed during the year. Reserves Poli It is the Trustees, policy to hold General Fund and Fabric Fund reserves of approximately three monihs General Fund Igenerall expenditure. At the year end the Church held funds of £28,164 in the General Fund and £52,584 in the Fabric Fund Total £80,748 In terms of our financial covenant here we would look to hold min £30,781 Imin 3x months general fund expenditure). In Sumrnary our financial covenant has been met. That said the Trvstee have noted the substantial tTrding shortfall in 2024 (which has been funded frorn our reserves) and the Trustees are actively looking at ways to address this. The Church also held £9,635 in designated funds across 6 of the remaining Church Fund Groups. The Trustees ctsnsider the make-up of this sum as appropriate.
Trustees, Annual Report {cont.) Year ended 31 Decernbei 2024 Statemellt of Trustees, Responsibilities Charity law requires the Trustee5 to prepare financial statements for each financial year which show a true and fair view of the 5t3te of afftirs of the charity and its financial activities for that period. In preparin8 those financial slatements, the Trustees are required to selert suit>blo accr>4JntinB policies and then apply them consistently ake judgements and eStmateS that are re£sonable and prudent state whether applicable accountine strdndards and statement5 of recommended practice have been followed, subjert lo any departures disclosed and explained in the financial 5tatements,' and prepare the financial statements on a '80in8 concern basi5" unless It is inappropriate to presume th6t the charity will continue in operational existence. The Trustees are Tespon5ible for keeping Proper accounting records 'Nhich di%close with reasonable accuracy at any tlme the flnancial p051tion of the charity and to enable them to ensure that the financial staternents comply %vlth Ihe Chaiities and Trustee Investment IS¢Dtlandl Act 25 and the Charities Accounts (Scotlandl Regulations 2006. They are 8150 responsible for safeguarding the assets of the charily and hence for taking reasonable steps for the pievention and detection ol flaud and other irregularities. Approved by the Trustees and signed on their behalf,
Culloden and Ardersier Church of Scotland. Charity No. SC000662 Report ol the Independent Examlner I report on the accounts of the charity for the year ended 31 Decetnber 2024 whith are Set out on pages I to 16. Respective responsibilitles ol TrLtstees and Examiner The charity's Trustees are responsible for the preparation of the accounts in accordance with Ihe torms of the Charities and Trustee Investment 1Scotlandl Act 2005 and the Charities Accounts Iscotlèndl R&4ulations 20Ckfi. The ch3rity Trustees consider that the audit requirernent of Regulation 10111 lal to Icl of the Accounts Re8u13tions does not apply. It is my responsibility to examine the accounts as required under section 44111 Icl of the Act and to state whether particular matters have come to my attention. Basis of independent Examinerfs statement My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotlandl Regulation$ 2006. An exarnination include5 a review of the accoijnting records kept by the charity and è comp8ri5cn of the accounts presented with thosè records. It also includes consideration of any unusual iierns or disclosures in the accounts and seek5 explanations from the Trustees conMIng any Such mauers. The procedure5 undertsken do not piovide all th• evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by thÈ accounts. Indepenéent Examineys statèmeni In the course of my examination, no matter ha5 come to my attention. which gives me reasonable cause to believe that in any matersal respect the requirements. to keep accounting record5 in accordance wrth Section 44 llllal of the 2)5 Act and Regulation 4 of the 2CK)6 Accounts Regulations, and to prepare 8CCOUnts which accord with the accounting records and comply with Regulation 8 of 2006 Actounts Regulations have not been met, or to which. in my opinion, attention should be drawn in order to enable a proper Ltnéerstsnding of the accounts to be reached.
Culloden and Ardersier Church of Scotland Statement of Financial Activity For the period from 01 January 2024 to 31 December 2024 Tdal prOr 63,8&426 17,700.13 3,141A7 I2,7.00 2,51120 119.997JJ6 ryIne brfnet8fjffj FL¥wJs Instrnertln(x)me 82.724.26 12.498.60 1.160.IK) 18,6W26 2a8116 79th927 3.C¢1.70 12.780. 529.00 Irthrne I$0Sf[tsM (hriWePdiiDèS Tlyal I¢V I.220 11A)&43 101694.96 lo891.65 lsoJrces used 16J67.08 16,367n8 15,64439 4,4Y26 &1,47477 134.904. G)rna CA>sts Ch£ritsbl&JbMtses I32,25 19,632.63 169.20926 106.756.93 26.452 62 19.632.63 46,Q85.25 Z38.470A1 TdalexFnSlure lrtcrlleythrel re50ur¢ès tdWetrarfer 123,124.01 14,532 381 IM,879.821 149,212201 151.783.451 TrarfefS.' fross tyarGfets L%5 tyar£fer6 NenjS.l c¢1rrÈdgaIrIkk%seS (1[¢S5es on InsEI assets 5.W.59 7WX9 38,081.19 ,468.591 I36D81.191 15S68.591 t¥ThemertinfuNts 119POO.97) 130311131 149,212.201 151,783A51 139.SgSJ7 191,379J2 T(allurn 47,165.32 92,43Q.55 90,383.67 139.595J7 carriadfward 3g,1t4.3S 62219.32
Culloden and Ardersler Church of Scotland Statement of Balances as at 31 December 2024 Unrestricted Designated Restricted Endowment Total Thisyear Total Last Year Bank & Depo$it Balan¢es Opening Bank Opening Inyestor Deposit Total Bank & Deposits 92,430.55 133,627.28 5,968.59 139,595.87 191,379.32 0.00 191,379.32 41,196.73 5968.59 47,165.32 92A3D.55 0.00 Movement in the Year Surplus (Deficit) Receipts over Payments Total Surplus (Deficil I Receipts over Payments -19,OCX).97 -30,21L.23 -49,212.20 -5L,783.45 .19,OW.97 .3211.23 -49,212.20 -51.783.45 Closing Bank Balance Closing Investor Deposil Total Net available B31ances 28,164.35 62219.32 90,383.67 133,627.28 5968.59 139,595.87 28,164.35 62,219.32 O.DO 90,383.67 The A¢count5 were approved bythe Trustees/ Unitary Board on 14 January2025 For and on behalf of theTrustees / Unitary Board. io
Culloden and Ardersier Church of Scotland. Charity No: SC000662 Accountin8 Policies The principal accounting policie5, which have been applied consistently in the curfent and preceding year in dealing with items which are considered material to the accounts, are set out below. Basls of preparatitsn The account5 have been prepared in accordance with applicable accounting standard5 and under the historical cost convention, modified, where appropriate, to reflect the inclusion of investments at market value, and in accordance with the Charities and Trustee Investment (Scotlandl Act 2005, The Charities Accounts (Scotlandl Regulations 2006, the Regulations anent Congregational Finance approved by the General Assembly of the Church of Scotland in 2007 and the Statement of Recomrnended Praclice.. Accounting and Reporting by Charities 12W51. The accounts have been prepared on a Receipts & Payments basis as the ChaTItY'5 income is less than £250.(. Funds Funds are classified as eithèr restricted funds or unrestricted funds, defined as follows. Restricted funds are funds subject to specific requirement5 as to their use which may be declared by the donor or with their authority or created Ihrough legal processes, but still within the wider objects of the charity- no Restrirted Fund5 were held by the Charity during the year. Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earrnarked at the discretion of the trusiees for a particular purpose, thev afe designated as a separate fund. This designation has an administrative purpose only and doe5 not legally restrict the Trustees, discretion to apply the fund. Endowrnent Funds- no Endowment Funds were held by the Charity during the year. Incomlng resources All donations and gifts are included within incoming Tesources under either unrestricted or restrirted funds according to the terms under which the donation is made and when the amount can be quantified with reasonable certainty. Dtsnations and gifts in kind are brought into the accounts at their market value to the charity. Resources expended Expenditure is recognised on an actual basis as the liability is incurred. Normal repairs and maintenance are charged to the General Fund,. extraordinary repairs and improvements are met from the Fabric Fund and / or by a special fund rèisin8 effort. Tangible fixed asset5 The charity has the right to occupy and use for its charitable objects certain tangible fixed assets, including the Church, halls and manse, vested the Church of Scotland General Trustees. No consideration 15 payable for the use of these assets. Expenditure incurred on the repair and maintenance of these asset5 is charged as resource5 expended in the statement of financial activities in the period in which the liability arise5. The charity has no specific tangible fixed assets having a value to the charity greater than one year. Investments The Charity's Church of Scotland Investor Trust instant access Deposit Account was realised during the year and the funds totsllillg £5968.59 were lodged into the Fabric Fund Bank Account via transfer through General Fund. There are no investments held at the year. Taxation Culloden and Ardersier, Church of Sctstland is recognised a5 a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities. The charity is not registered for VAT and resources expended therefore include iriecoverable input VAT. li
Culloden and Ardersier Church of Scotland Analysis of Income & Expenditure Selected perfod: 01 January2024to 310ecember2024 Total General Oeslgnoted strIcted Endowfflent Thls year Last ar Income Voluntary Income itwQYerin95 8.Tl2.07 5,9)7 13 7.10. $9.148.15 52.992.01 2,1SO.(K) 2273.82 13.76404 17,587.31 83,B84.26 85,940.27 8.772.07 50.IK) $9,148.15 1.OdQ.t 13.784.04 82,724.26 1.110.IX) [atiO GftAd TaxRwered Voluntary Incom Tot818 1,160.00 tlvlties for Generating Funds Ia$sCA)ffe&S Chtstth HIRmPTa M5L1¥rous Ir 7.769.55 3.999.22 4.289.73 12,42363 66258 1.16370 1.3.80 1.325.85 51.50 7,769 3,999J2 139.73 4.150.0) Lctyl FutwJfdiS1ng LutK Qub Kdoal Feès 173.91 173.91 17,700.13 18.690.28 tlvttle$ for Generatlng Fund5 Tot81s 12,498.6 5,201.53 Investmpnt Income 2,6Y.Ofj 447.46 2,S91.16 B3nk&fpD5iI knl Colsht0 TrLJ51 2,614.72 446.98 3,141.47 2,381.16 InvestmEnt Income Total8 79.77 3,081.7 Othar 8,310. 2852.1} (¥ants Rld 8210.0) 29n89. iknion- P¥dersierChurth SalBotMwWes Lknion. FÈtyChurth Other Totals 4AX>.(X) 4.460.(Q 19,157.77 12,760.00 79,599.27 12.760.00 In¢om? re50urce5 Irom Charltable Pthlvtties Lccal Ewts ing5 &FunBrd5 Life&TAbrk Ints 1,W.20 1.982.20 487.0) 42.0) 487.cll 42 (X) Incorna resources from Charitable Actlvltlos Totals S29.00 1,982.20 2,511.20 Income Grand Totsl 108,591.63 11,405.43 119,997.06 186,694.96 12
Total Expenditure GAneral Deslgnated Restricted EndoW0t Thls ar Last year Local Stafflng Costs Pulpit Supply ChLth Planager TaXIM LxIs8185 CleaneiWes Local Stafflng Costs Totals 7(Kl.(K) 7,&57.72 2,080.36 5,729.IXI 16,367.08 124000 7,055.36 2,113ll7 s,2 15.644.39 71X>. 7.7.72 2,C&O.26 5.729.00 16.367.08 Governance Costs 4,45426 4,454.26 PfOÈS5ial Fees Govgrnanco Costs Totals Ch8rltsbS8 Pthlvltle6 GivirvJ to Grow Stipend Endowment Income y Allowance Presbytery Dues Mini51Èts Travel Exps Minister Business Telephone Lunch Club Meals 2023 Events. Entertyinment, Fd Chri51m8s I Eo5tÈr variou$ Exp5 ATdersier& PettyGiwnglo Grow Stationery, B¢oks, Toner etc Photocopying l Equip Rental8 .Church Tele l Broadband Equipment S¢)ftware & Other Warrn Hub Lrfe & lthrk Mag Manse Ulililies Courses. Mernbership, Travel Food for Good Supplie$ Refuse collection Miscellaneous lin¢ Coffee $upplie5 etcl Maint l Repairs Church Gas Electri¢ity Healing Oil derSIer InsuranGe- Building$ & Contents Cle8ning & Sundry Materia15 Upkeep of Ground5 Council Tax Manse Mainl l Repairs Man Fabfi¢ Mainl Church Charitable Oonalion5 Adopt A chi 2 Minister Appointment Exp6 Charltable *Ktlvltles Totals 65,565.th) 12.320.ODI (sL9.ODl 1.311.00 1.207.66 1500 65M51X) 46278. 12mO.(KJI 12B7.001 1S,C69.LY)) 111,1g6.001 1,311.OD 932.(A) 240.C 1.207.86 15.(X) 2.033.f 3.12523 47127 11J10.IYI 11114 793.20 54.99 1.43 321.53 2.2.03 37652 J7 3.128 1212.81 3.9Bfj6 7TfjAS 166.(M) 586.15 748.18 2%.(N) fjffi.48 691A5 3,9PIJS0 5.379.54 7,04524 82827 3,7Z9.31 891.43 1.312 f 1A8621 277.97 3.12810 1.21201 5A3)25 771 168lX) .15 1W.94 2.00 i.48 1,191.45 3,W).Y) 5,37954 7,Od524 82827 3,72931 89143 1.312.66 1.4e821 9.719.04 11.923.46 1,348.99 3,1.94 1,051x2 3.139.71 135 2.W2J S.426 4.155.84 729.76 3..36 748.e6 1.427.58 2.C 14325 9,441.07 11,923.46 2(Kl. 8.1Cfj.58 106,756.93 26,452.62 8.1(K 133.209.55 83,174.T7 Other 19.632. 19.632.03 19.632.63 134..3 19,632.03 134,904.99 Qthor Tot815 Expenditure Grand Total 123,124.01 46,085.25 169,209.26 238,478.41 13
Culloden and Ardersler, Church ol Scotland.- SC000662 Fund movement summary Selected period.. 01 January 2024 to 31 December 2024 Fund Balances Fund Fund Balance5 Recelpts Payment5 Net Transfers Brou ht F0ry4ard Carrlod fojward 28.164.35 General Fund 47,165.32 108.591.83 123,124.Q1 4,468.59 Fabr Fund 63,093.03 6.235.61 22.713.52 5,968.59 52,583.71 Garden Prqect Fund Sunday Club Fund Kinderland Pre Sthwl Fund 24,359.43 2,130.OD 19,632.63 -1.00 6,756.80 444 97 464.95 0.00 19.98 863.90 1,323.28 877.82 137.00 -1,200.CQ 600.00 0.00 500.00 0.00 SeboX Fund Reminiscentt Group Fund 2,405 24 100 00 1.674.53 -so. 780.71 .150.00 789.23 Sozo Minis Fund 284.82 1407.59 139 595.B7 119,997.06 169 209.26 0.00 90 383.67 Totals General Fund used to house the general day to day bu&ness operallons of th8 ChurGh. Fabric Fund- for rep8ir5 1 m81ntenance lo chh Ènd Manse. Bullding Fund-for Church major Building Project Kinderfand Fund- Church Pre School 8ge Group. Sunday Club Fund- ChurGh Primary School and early Secondary Schwl ag? Group. Reminiscence Group- Ghurch Group for eklerly in the cornmunity Shoebox Fund-for Supwrt of Annual Chri51ma5 Shoebox Appeal- Closed during the year. Sozo Ministry Fund- healing & deliverance Minlstry in Ihp hSghbnds & Islands 14
Culloden and Ardersier Church of Scotland. Charity No: SC000662 Notes forming part of the financlal statements for the year Ènded 31 December 2024 2024 2023 Lotal Staft costs and numbers Salaries & W3ge Costs Social Security Costs Total 13,587 080 67 L2.290 The average nurnber of local employees durir8 the year, caleu12ted on the basis of a FfE head cournt, was as follows-. 2023 umber 2024 Number Premise5 Managernent Church Manager Total 21 All Church of Scotland congregations contribute to the Natlonal Stlpend Fund which bears the costs of all ministers, stipends and employer'5 tontributr'ons for national insurance, penslon and housing and loan fund. Ministers, stipends are paid in accordance with the national stipend scale, which is related to veaTS of service. For the year undèr review the rninimum Stipend was E31,642 and the maxlrnum stipend in 5 and subsequent years of service £38,884 ND employee was palé more than £60,000 TTruslee Remuneration and Related Party Transactions No Trustee, nor any persan related to a Trustee, had any personal inteTe5t in any contract or transaction entered into by the tharity during the year. During the year the Church paid on behalf of th and M8n5e Council Tax £1486. usiness Telephone costs £15 IrNestments Our Church of Scotland Investor Trust instant access Dèposit Account was realised during the year and the funds totalling £5968.59 were lodged into the Fabric Fund bank Account wa transfer through General Fund, There are no investments held at the year. 51 Sale of Movable Assets During the year variou5 unuseo and surplus to requirement move8ble assets were sold generatin8 "one off" income of £4450 The main asset wa5 old flooring from Barn Chuich. 61 Thiré Party collections- Not Part of our Accounts Donations during thè year were invited to be rnade directto our elected Charities anLI as such we have limited visibility on the level of funds raised. However, durlng the year we pa55ed over.. £L35 to Adopt A Child. £200 Street Pastors, £240 Blythswood Care. OUT LMC also supponed Chrlsiian I Soup & Sweet lunch at LMCI £509.. Macmillan Cancer Support (Coffee Morning) c£8(X) and Adopt A Child £197. Moreover, between 3 local Churches we rais Food for Good Christmas Hamper Funds totolling £3,350. All these funds do not form part of our trading a¢tiiAtie5 and have been collected and dlstribuled for the benefit of third parties. All funds were ful disbursed at the year end. 15
Culloden and Ardersier Church of Scotland. Charity No: SC000662 Notes forming part of the financial statements for the year ended 31 Detember 2024lcont.I 71 Analysls of Net Assets between Fynds Unrèstrirted Designated Restrlrted Total Fixed Assets Investments Current Assets Current Liabilities Net Assets at 31 December 2024 28,164 62,219 90.383 Charitable Donation5 £200 wa5 donated to the African, Caribbean, Asian and Mixed Heriiage Association- Black History Month Celebrations. This was rnade from the General Fund during 2024. 91 Legacie5 No Legacies were received during the year. ioi Grants An unrestricted Church of Scotland Inverness Presbytery Giving to Grow Grant of £8310 was received in January 2024, This was lodged to the General Fund. 16